Taking about 65% of the profit out of this.
Bought to close $NVDA Sep 21 230/220 BuPS @ .56. Sold for 1.55 on 8/17.
Monthly Archives: August 2018
Closing JBHT
Taking more than 70% of the profit a few months early.
Bought to close $JBHT Nov 16 100 puts @ .40. Sold for 1.45 on 7/16.
A TRADE:
BJ BTO STOCK @26.49
TRADE: ESPR – A little…
TRADE: ESPR – A little risky, but on the P&F Charts it’s on a buy signal at 49.0. P&F=Point & Figure Chart
ESPR STO 9/21/18 50.0 PUT @5.30
ROKU BTO STOCK 58.69 An add. Also on a P&F buy signal @59.0
NFLX SPLK EXAS AVGO AAXN Covered Calls
#shortcalls
$NFLX STO 8/24 337.50 calls at 2.95 Covered My timing not too good
$SPLK STO 8/24 110 calls at 1.75 Covered
$EXAS STO 8/31 51 calls at .65 Covered
$AVGO STO 8/31 212.50 calls at 1.80 Covered
$AAXN STO 9/21 70 calls at 1.00 Covered
FYI SJM is down 7%
FYI
SJM is down 7%
AMTD is down 7% on news
SPX all-time high
This also cancels the Downside Warning.
#earnings #shortstraddle URBN Sold August…
#earnings #shortstraddle URBN
Sold August 24, 47.50 straddle for 4.03, very high IV
Spx Trades
BTC Sept 21st 2750 short puts at 7.70, as ES tagged its high point earlier this morning, sold prev on 8-16 for 14.20…
gain near the 50% mark..
Resold the same puts for 7.50, for the rest of the premium against the original long side…
that gives me a 50% profit now, and the other half when it expires or is worth very little…
these were sold as SPX bottomed after my aug 9th reversal call…timing is everything …
#shortputs #fallingknife #closing HBI August…
#shortputs #fallingknife #closing HBI
August 1, followed Iceman in selling a couple January, 16 puts @ .65, closed today for .35, didn’t lose my shorts on this one.
#shortputs #closing TRTN January 19,…
#shortputs #closing TRTN
January 19, I sold a Feb. 16, 35 put after TRTN dropped to 40, February 16 it was below 28, rolled to March, then to October. Today it’s hovering around 39, bought the put today for 82, making 4.50 after the rolls. Still have an Oct. 40 put that originated in Nov. of 2017 that is profitable but no trading in it today.
TSLA rolling
#Rolling. A fun experiment trying to tame this ridiculous stock. Don’t try this at home.
BTC $TSLA Aug 24th 260/320 strangles for 8.90. Sold for 6.90 yesterday.
Sold TSLA Aug 24th 312.5/335 strangles for 9.75.
Sticking with this Friday’s expiration. Going to bed now.. can’t wait to see where this one is when I check the market at 4am.
#pietrade LABU STO the 10…
LABU STO the 10 DTE 85 put for 1.9. Cb 83.1 if assigned but more likely will roll. With the pull back in the biotechs there is good support around 85 for LABU.
SQ BTC the 70 put…
SQ BTC the 70 put expiring this Friday for 0.11. Sold for 0.95 last Thurs.
SVXY
STO August 31, 14 covered calls @ .52 following Iceman in trying to get some money out of this dead trade.I will roll them if I need to.
Last night in Tokyo
I’ll be on a plane during Wednesday’s session and back in Portland Thursday. This has not been easy with the market opening at 10:30pm. It’s too hard to stay up late when you’re old.
TSLA 5-day strangle
NOTE: There may be errors…
NOTE: There may be errors and omissions in this list. Please perform your own due diligence and confirm the earnings date BEFORE entering a trade.
+++++++++++++++++++++++++++
Notable Earnings AM Mon:
CMCM, EL, ZOES
Notable Earnings PM Mon:
FN, NDSN
Notable Earnings AM Tues:
COTY, KSS, MDT, SJM, TJX, TOL
Notable Earnings PM Tues:
GSM, KEYS, MYGN, PSTG, SE, URBN
Notable Earnings AM Wed:
ADI, BITA, LOW, MOMO, RY, TGT, USAT
Notable Earnings PM Wed:
HTHT, LB, SNPS, WSM, YRD, ZAYO
Notable Earnings AM Thurs:
BABA, HRL
Notable Earnings PM Thurs:
ADSK, GPS, HPQ, INTU, ROST, SPLK, VEEV, WMW
Notable Earnings AM Fri:
BIG, FL, HIBB
Notable Earnings PM Fri:
None
TQQQ
My 69.5 calls expired on Friday so today I sold the August 31, 68 calls for .50cents against my 66.67 calls in 2020. I need .23 cents per week to cover the cost of my leap calls so am right on schedule so far.
WTW
#CoveredCalls – Big bounce today so stopped out on my over writing of the calls…
Bought to Close WTW AUG 24 2018 75.0 Calls @ .75 (sold for 4.13)
Still holding next week’s 73s…
#earnings EL Friday I sold…
#earnings EL
Friday I sold a Sept. 21 120/150 strangle for 1.71, bought today for 1.00.
Unrelated, I’m on the wrong side of SODA.
TRTN ites
2019 April and December exp dates open now…
LABU TWLO
#LongCalls #LEAPS – Small trades bringing in some lunch money…
LABU:
These are ratio’d so with this week’s looking safe selling another half a little early. This is a tiny 2×1 starter where I may add to the LEAPS eventually.
Sold LABU SEP 7 2018 98.0 Call @ 1.20
TWLO:
Earnings trade where I rolled ITM short calls to ITM bull put spreads. Selling against those now (hopefully safely).
Sold TWLO SEP 7 2018 84.0 Calls @ .61
TSLA
BTO NOV 18 405/410 BuCS .50
This is a flyer as per DK
TSLA Sep
Sold $TSLA Sep 21 250/240 bull put spread for 1.60.
Econ Calendar for week of 8/20/18
Expiration / Assigned / Roll / Closed Early / Trades
#optionsexpiration
$NFLX 340/345 BUPS Total Loss
$FB 160/170 BUPS Expired worthless as opposed to total loss
$FB 155/165 BUPS Expired worthless
$SPLK 115 Call Covered
$TRTN 35 call Covered Stock taken away Basis 31
$DBX 32.5 call Covered
$AAXN 65 call Covered
$TNDM 28 put Thank you @honkhonk81
#assignment
$M 8/17 40 puts Earnings trade gone awry. Perhaps profitable by Black Friday? Basis 38.95
$WTW 8/17 89 puts Earnings trade result. Will be waiting for the fat going back into account. Basis 85.20
#shortputs
Rolled
$MZOR 8/17 70 puts rolled to 9/21 at even Getting dizzy from rolling this one
Closed Early
$NFLX 8/17 315/325 BUPS at 2.10 STO at 1.75
$SPX BTC 8/24 2760/2785 BUPS at 1.00 STO at 2.70 on 8/10 Thank you @jeffcp66
Trade
$GOOGL STO 9/21 1180/1190 BUPS at 2.81
Enjoy the rest of the weekend. Thanks for all the thought provoking discussions.
TSLA dump
#Earnings #Rolling Forced to close out my strange… the stock way overshot my target range of the 330’s on Friday.
BTC $TSLA Aug 24th 332.5/340 strangles for 31.28. Sold for 18.60 on Wednesday.
This is an ongoing roll campaign… should have just stuck with the short calls, but I didn’t think the drop would be this fast so the puts became the problem. Will decide how to reposition next week.
Options Expiration for Aug 17
I’ve been aggressive in closing and rolling positions so not much left to expire in August.
Expiring:
$HES Aug 17 32.50 puts
$HSY Aug 17 85 puts
$HSY Aug 17 90 puts
$GWW Aug 17 310 puts
Assignment:
$GWW Aug 17 340 call (covered)
Have a great weekend everyone.
SPX stopped
#SPXcampaign Stopped $SPX Aug 31st 2860/2885 call spreads for 9.50. Sold for 6.70 on Tuesday. Too much strength to leave it over the weekend. Will wait for a new, better entry.
#shortputs #closing LH July 25,…
July 25, sold Nov. 160 put for 2.40, was a couple days early on this former #fallingknife, bought today for 1.10.
TRADES:
ESPR 9/21/18 STO 55.0 CALLS @2.15
MZOR 9/21/18 STO 50.0 CALLS @.65
TUR 9/21/18 STO 19.0 PUTS @.85
TUR 9/21/18 STO 22.0 PUTS @2.12
TUR 9/21/18 STO 24.0 CALLS @.60
#longcallspread GOOGL BTO Aug 17…
#longcallspread
GOOGL
BTO Aug 17 1220/1230 for $1
#earnings #shortstrangles EL Sold Sept….
#earnings #shortstrangles EL
Sold Sept. 21 120/150 for 1.71, only monthly expirations, high IV, prive hovering around 135.
#longputspread GOOGL STC Aug 17…
GOOGL
STC Aug 17 1210/1200for $1.60 (didn’t move quickly enough in first hour), bought yesterday for net $0 via delay 1 hour between buy 1210 and sell 1200 for SAME $1.10;
reenter 1210/1200 for 1.45, 1.50; close half for $3.00
Rolling a couple of dogs
Deep in the money short puts that have been hanging around for a while just to bring some red to my screen it seems.
Rolled $RRC Aug 17 22 puts out to Jan 18 2019 22 puts @ .05 credit
Rolled $AAL Aug 17 45 puts out to Nov 16 45 puts @ .27 credit
These should have been rolled earlier so I had to go further out to get credits. I’m feeling pretty good that we’ll see a turnaround in AAL. RRC, I’m less optimistic about.
#shortputs TUR Sold Nov. 16,…
#shortputs TUR
Sold Nov. 16, 19 put for 1.55
ADSK AMAT GLD PYPL RTN WTW
#LongCalls #LEAPS #CoveredCalls – Not a bad week for selling. Can’t wait until these are all (or most of ’em) #PureProfit. ADSK and PYPL weeklies are finally out of the money so selling can resume on them.
ADSK:
Bought to Close ADSK AUG 17 2018 132.0 Calls @ .05 (sold for 1.52)
Sold ADSK AUG 24 2018 134.0 Calls @ 3.00 (ratio’d for earnings next week)
AMAT
Sold AMAT AUG 31 2018 45.0 Calls @ .42 (replacing this week’s expiration that was sold for .87)
Earnings sucked so selling carefully now….
GLD:
Bought to Close GLD AUG 17 2018 116.5 Calls @ .01 (the rest of the partial from yesterday sold for .50)
PYPL:
Bought to Close PYPL AUG 17 2018 85.5 Calls @ .05 (sold for .36)
Sold PYPL AUG 31 2018 86.0 Calls @ .85
Sold PYPL SEP 7 2018 87.0 Calls @ .79
RTN:
Sold RTN AUG 31 2018 202.5 Calls @ 1.10 (still squeezing so ratio’d at the 200ma resistance)
WTW:
Sold WTW AUG 31 2018 73.0 Calls @ 1.15 (double selling covered calls with a stop on next week’s)
NVDA
#ShortPuts #IRA – Been looking for a chance to get involved in this one again…
Sold NVDA DEC 21 2018 210.0 Put @ 5.80
EOG conversion to put #fuzzy…
EOG conversion to put #fuzzy
BTO the 2020 EOG 115 put at 13.00 creating the 115 calendar with short expiring 35 days.
cb now 11.2 since the initial sale brought in 1.8. Another #pietrade #earnings gone wrong/bad and managing before it get too far ITM. Will manage this from put side.
Other reason was to reduce margin requirements so I can stay in some other trades that are finally working out.
With 69 weeks left only need to cover 0.17 per week for zero cost basis.
#earnings I think I am…
I think I am done with earnings trades for a while. The option prices do not adequately reflect the volatility. Yes the premiums rise into earnings but the move is bigger than expected so you still end up losing.
AMAT which I had almost recovered from previous earnings down 6.2% so will probably take another 12 weeks to break even. Now will have to sell below cost basis so will have to watch any reversal closely.
WDC, Mu total crap. Both beat earnings and expectations and have traded down 11-14%. At least MU looks like it may have found a base.
I can get same results using SMH for the chips without getting burned on earnings.
Be happy I did not sell puts in NVDA or it would have gone the other way 🙂
Have a great weekend!
Adjusting EWZ strangle
Position was a Sep 37/39 strangle. I’m probably late in this adjustment but I was on vacation most of this week and just catching up yesterday and today. I rolled the 39 calls down to 34 to go inverted by 3 points. Total premium is now 3.54 (2.57 for original position plus .97 for the roll) so I’m looking for a finish between 34 and 37 to take a .54 profit out of the trade. ETF is currently at 32.99.
TSLA
STC TSLA Aug 17 335.0/332.50 2.45 BTO 8-15 104.00 #supercharger
NVDA put spread
Sold $NVDA Sep 21 230/220 BuPS @ 1.55. I could be a bit early but the short strike (delta 22) is below recent support and below the 200 dma.
Good Morning
Good Morning
AMZN
STO 1730/1750 bull put spread @ .45 cent for August 24.
RTN
STO August 31, 205 calls @ .70 cents, long 195 calls in 2020.
NVDA earnings closed
#Earnings BTC $NVDA Aug 17th 240 puts for .24. Sold for 2.43 yesterday.
BTC NVDA Aug 17th 240/235 put spreads for .15. Sold for .87 yesterday.
ALRM Calls Rolled
#shortcalls
$ALRM BTC 8/17 52.50 calls and STO 9/21 55 calls at added .20 credit. Stock price 53.55
Covered Calls
#PieTrades. Sold $OLED Aug 24th 122 call for 1.65
#CoveredCallCampaign Closed on GTC order: $FB Aug 24th 190 call for .15. Sold for 1.35.
DUST calls
#ContangoETFs Put in these orders after the open and they filled as the ETF rose. Wish I’d waited until the close!
Sold $DUST March 15th 60 call for 3.00
Sold $DUST Nov 16th 49 call for 2.50
Sold $DUST Jan 18th 50 call for 4.00
#bearputspreads GOOGL first buy Aug…
GOOGL
first buy Aug 17 1210 put for $1.10
wait an hour sell Aug 17 1200 put for $1.10
cross fingers for tomorrow’s action with no cost and $10 possible gain.
#earnings #ironcondor DE Sold Sept….
#earnings #ironcondor DE
Sold Sept. 21, 120/125/150/155 for 1.18, Deere is at 137
XLK XLY and the new kid XLC
Forgot to post this the other day. A re-shuffle is coming moving around some big names. Might find some opportunity during this….
https://www.investors.com/etfs-and-funds/etfs/sp-sector-reshuffle-play-faang-stocks-xlc/
Taking off my last NUGT position
Bought to close $NUGT Jan 17 2020 55 call @ .60. Sold for 5.60 on 4/11.
In a perfect world gold goes back up taking its supercharged derivative with it so I can sell more calls. At the same time, DUST would implode and I can clear the decks on those positions. Oh and a reverse split for NUGT wouldn’t be a bad thing to add to that recipe. 🙂
DUST
#LongPuts #LEAPS – I tried this with NUGT a long time ago and it didn’t work since I didn’t ratio the position. NUGT was pushing 60 at the time…right idea and wrong execution. I’ll try not to make that mistake here. Sticking with a 3×2 from the beginning since this thing can implode quickly.
Bought to Open DUST JAN 17 2020 40.0 Puts @ 14.50
Sold DUST AUG 24 2018 40.0 Puts @ 1.64
Adding some DUST at new highest strikes
Sold:
$DUST Dec 21 2018 60 calls @ 2.30
$DUST Jan 17 2020 60 call @ 6.50
OLED yuuge adjustment
One I’ve been fighting for awhile. Started out as non ratio #SyntheticStock in 2019 that promptly got run over weeks ago. Gradually worked it back without making much headway. Added a 2020 #LongCalls #LEAPS position on the June pullback. Long story short…weeklies run over again but both core positions combined were nicely profitable.
To clean up the entire mess I booked the gains on the cores and rolled the ITM calls to Jan 2020 ITM put spreads for a nice credit. This will give me many weeks to sell against those put spreads to drastically lower the basis in case the stock is assigned then. I should be able to collect more credit than the width of the spread eventually.
This adjustment also frees up a ton of cash and really simplifies everything…
Sold to Close 2 Jan 2019 115/120/120 synthetic stock positions @ 10.71 (basis 22.49 so loss of $2356)
Sold to Close 3 Jan 2020 105 Calls @ 34.80 (basis 23.18 so gain of $3486)
Net gain on core positions of $1130. I’ll book that and not apply it to this call/put reverse roll:
Rolled Sep 7 2018 96.5 short calls to Jan 2020 145/105 Bull Put Spreads @ 1.66 credit
Original call sales brought in 1.25 so basis on the ITM put spreads is 2.91 on a 40 wide. That’s what I’ll be selling against now over the next 70 or so weeks. Using spread sales to protect against runaway upside.
Sold OLED SEP 7 2018 130.0/135.0 Bear Call Spreads @ .55
#ironcondor TSLA sold Sept. 21…
#ironcondor TSLA #shortputspread #closing ANET
Sold Sept. 21 295/300/375/380 for 2.00, followed Beef at TT
ANET Yesterday sold Sept. 21, 230/240 put spread for 1.39, bought this morning for .85.
RTN
#LongCalls #LEAPS – Ratio’d with this week’s 200 short calls. I’ll be watching it closely. That’s a beautiful squeeze that looks ready to go higher.
GLD
#LongCalls #LEAPS – I’ve been staggering these out over 2-3 weeks selling the ratios. Once the near ones get profitable I put on a stop and sell the next batch. Just killing time with gradual basis reduction until it recovers.
Bought to Close GLD AUG 17 2018 116.5 Calls @ .01 partial fill so far (sold for .50)
Sold GLD SEP 7 2018 114.0 Calls @ .43
Still holding (with profits) Aug 24th 116’s and Aug 31st 115.5’s
DDS is down 14% on…
DDS is down 14% on earnings
NVDA #Supercharger closed #SuperCharger Sold…
NVDA #Supercharger closed
#SuperCharger Sold to close $NVDA Aug 17th 230/240 call spread for 9.25. Bought for 7.55 on July 21st. Took awhile, but taking profit today to clear out before earnings. 22.5% profit.
#rolling With the drop yesterday…
With the drop yesterday can pretty much roll everything instead of letting call out or assign. Bad few weeks for MU and WDC down 11 and 14% respectively. They were converted to #fuzzies so a little easier to manage now but this is the only account showing a drop.
New trade STO SQ next week 70 put for 0.95.
MU 55 leap 50 call rolled a yesterday dropping cost basis to 11.26
WDC 60 leap 65 call rolled yesterday dropping cb to 18.01
EOG 115 put 36 DTE was challenged yesterday. Cost basis 113.2 if assigned.
This made me realize an easier way to manage deep ITM #pietrades is to convert it to a put leap #fuzzy. Takes out the margin requirement. If keeps dropping can manage it to a put diagonal. If reverses can either add a call side or keep rolling the put up. As you do that the margin requirement will increase but still much less than naked puts. If I had done this with MU and WDC instead of converting to the call side I would be making $ now. With any leap strategy, the short option strike is what determines the profit loss at the expiration of the short option. Going forward I think this will be my preferred strategy but only for deep ITM puts (5 points or more). Otherwise will manage as a regular weekly #pietrade.
SPX hedge rolled next week 2550 short put out to 15 DTE for 0.6 credit. Hedge only costs 1.2 now and if we head to 2550 will still make 12k. Hope I don’t need it. Next month will use back ratio or risk twist.
TQQQ batch 1 65 cc expires tomorrow rolled to next week for 0.9 credit. cb now 62.98.
TQQQ batch 2 65 cc expires tomorrow rolled to next week for 0.9 credit. Cb now 63.23
AMAT batch 1 47 cc rolled out 2 weeks for 0.33. Cb 48.91. Few more weeks to cover it.
AMAT batch 2 47 cc rolled out 2 weeks for 0.31 credit. Cb now 45.88 and if I can’t get more than 0.5 on next roll will let it assign and move to another #pietrade
#fuzzy XBI 87 and 95 leaps with rolled the 96 and 96.5 short calls down to 95 for 15 DTE for 1.1 and 10.6 credits. Cb now 7.52 and 4.04 as they were separate batches.
TOS calculates diagonals weird. They are all showing a loss on the graph but nearly 20% reduction in cost in 1 month so make sure you keep track of your cost basis. In the end that is all that really matters with any trade.
Hope everyone is having a good week. Not much to do until next week now. At least I tripled my theta decay with all the rolls.
Taking off some profitable positions
Bought to close:
$OLED Dec 21 55 puts @ .15. Sold for 1.20 on 6/15 and 1.50 on 6/19.
$TPR Nov 16 40 puts @ .26. Sold for 1.55 on 5/1.
$CVS Nov 16 57.50 puts @ .36. Sold for 1.36 on 7/20.
$DISH Dec 21 22.50 puts @ .30. Sold for 1.20 on 5/8.
$IFF Nov 16 110 puts @ .50. Sold for 2.70 on 5/7.
Closing GUSH
Taking one of my December positions off.
Bought to close $GUSH Dec 21 57 calls @ .81. Sold for 4.00 on 5/15 and 6.00 on 5/17.
Still short the 46 calls.
#spxcampaign Morning all Bought to…
#spxcampaign Morning all Bought to close my Aug 17th 2760/2780 BuPS @ .20. A bit of a hairy ride yesterday but I didn’t panic out. Yay! I closed this out today as I’m taking some time off. My daughter flies in tonight from a science conference. She presented her research on birds as part of her grad school requirements. I’ll be back in a week or two. Need to see my brother and put up a violin display piece I made for our mothers violin. It has been a long project and challenged my craftmanship. I have a few TWTR, NUGT and MU calls that will expire tomorrow. I may roll them out to the end of Aug later today. Everything else is long term. So in my best Arnold voice: “I’ll be back.” Have a great couple of weeks. And thanks for all the teaching that goes on here. You guys are the best.
ERX
#LongCalls #LEAPS – First couple rounds of sales were non-ratio’d so already covered a nice chunk of the LEAPS cost. Switching to ratio’d now after the selloff. 3×5 with no upside risk.
Bought to Close ERX AUG 24 2018 37.0 Calls @ .06 (sold for .73)
Sold ERX AUG 31 2018 33.5 Calls @ .75
GLD
#assignment WYNN I was assigned…
#assignment WYNN
I was assigned 100 shares of WYNN from my rolled Sept 21, 155/165 put spread. Who would do such a thing(dividend)? https://www.youtube.com/watch?v=b9AOVdov5lE
AMAT call closed
#PieTrades #Earnings.
BTC $AMAT Aug 17th 46.5 #CoveredCall for 1.97. Sold for 3.56 last week as a roll. Leaving my stock alone for earnings report tonight.
NVDA earnings
#Earnings. Sold $NVDA Aug 17th 240 puts for 2.43.
In retirement accounts, sold 240/235 put spreads for .87
NVDA earnings after the bell
#Earnings. Here are the last 12 quarters’ moves on $NVDA:
May 10, 2018 AC -2.15%
Feb. 8, 2018 AC 6.69%
Nov. 9, 2017 AC 5.26%
Aug. 10, 2017 AC -5.32%
May 9, 2017 AC 17.82%
Feb. 9, 2017 AC -2.37%
Nov. 10, 2016 AC 29.80%
Aug. 11, 2016 AC 5.59%
May 12, 2016 AC 15.20%
Feb. 17, 2016 AC 8.60%
Nov. 5, 2015 AC 13.85%
Aug. 6, 2015 AC 12.37%
Wednesday Trades
#Earnings #Rolling Sold $TSLA Aug 24th 332.5/340 strangles for 18.60.
#CoveredCallCampaign Stopped $FB Aug 31st 180 puts for 3.40. Sold Sep 7th 172.5/187.5 #StrangleRoll for 3.07.
#ContangoETFs Stopped $GUSH Dec 32 put for 6.20. Sold for 5.05 in a strangle-roll months ago.
#StrangleRoll: Sold GUSH Dec 21/45 strangles x2 for 3.87.
Also, closed GUSH Sep 62 call for .10. Sold for 1.60.
#PieTrades BTC $OLED Aug 17th 120 call for .20. Sold for 2.00 on Friday.
BTC $MU Aug 24th 53 call for .10. Sold for .85 on Monday.
GOOGL Short Calls Closed Early / Rolled TRTN Calls
#shortcalls
Closed Early
$GOOGL BTC 8/17 1285/1275 BECS at .20 STO at 1.70
Rolled
$TRTN BTC 8/17 35 calls and STO 9/21 40 calls at 1.50 debit. Stock currently at 36.52
Options Bistro 