#Earnings Sold $FIVE Sept 28th 100 puts for 1.20. Biggest UP move: 21.9%, Biggest DOWN move: -9.3%, Average move: 6.3%. This trade is -9.7% OTM.
Daily Archives: Thursday, September 6, 2018
MU double dip. The calls…
MU double dip. The calls I rolled this morning dropped to 0.17 so rolled again for another 0.59. Now 15 DTE on the short 50 calls and long the Jan 2020 55 leaps. All told brought in 1.01 credit today to offset the drop.
AMZN Supercharger
#SuperCharger Bought $AMZN Sept 28th 1890/1900 call spreads for 7.35. Plan to close for 9.40 or more. Thanks @mortlightman for the idea… I was trying to do this with NFLX but wasn’t finding good prices.
BABA
#LongCalls #LEAPS – Exited this one back on Aug 23rd on the bounce up to the 200ma. Using the drop for a starter in a new one (4th time this year…LOL). It could go lower so starting with 40 percent size (2/5).
Bought BABA JAN 17 2020 160.0 Calls @ 27.20
Sold BABA SEP 14 2018 162.5 Calls @ 2.45
MSFT
BTO Sept 21 108/110 Call Spread 93.00 #In-Out
Order in to GTC STC 108/110 1.55
AMZN
BTO Sept 21 1885.0/1887.50 Call Spread #supercharger 1.90
#coveredcalls #rolling WYNN Rolled Sept….
#coveredcalls #rolling WYNN
Rolled Sept. 21, 150 call to Sept. 21, 135 call for 1.39, cost basis down to 146, but WYNN is down to 128, not the way it is supposed to go.
FB Jan
Selling puts in January to potentially acquire the stock at what would be around a 2 year low, or keep the premium. Sold $FB Jan 18 2019 135 puts @ 3.05.
TRADES:
ROKU BTO STOCK @62.32 & 62.42
VXX Whiz trade
Another small Whiz experiment. Opened for a credit and closed for a credit…
Sold VXX SEP 14 2018 28/28.5/29/29.5 Put/Call double vertical @ .11 credit (opened for .14 credit)
.25 credit on the entire trade. I did 4 contracts and he did 150…LOL
TWTR Oct
Sold $TWTR Oct 19 27 puts @ .61. Premium is better now.
#fallingknife WYNN WYNN is down…
#fallingknife WYNN
WYNN is down $10 today, nothing new on yet but the Sept. 21, 150 call (covered) is gold.
TQQQ
#ShortPuts – In my little Tastyworks account I’ve been playing with. Selling below the 200ma again…
Sold TQQQ JAN 18 2019 50.0 Put @ 3.26
Sold TQQQ JAN 18 2019 45.0 Put @ 2.34
XBI
#LongCalls #LEAPS – Caught the top a week ago today (miracle!) to exit my 2019’s for pretty good profit. Getting back in now with the 2020’s. Getting better at these by scaling into the LEAPS gradually and then the ratio strategy when needed. This is a 30 percent (3/10) starter position beginning with a non ratio figuring more possible weakness.
Bought to Open XBI JAN 17 2020 97.0 Calls @ 11.25 (great fill with mid @ 11.90)
Sold XBI SEP 14 2018 97.5 Calls @ 1.02
In the early part of the trade with a non ratio I’ll roll the weekly calls aggressively if negative deltas are reached on a bounce…
A TRADE: Falling knife
ALRM BTO STOCK 54.85 A starter. I was a little early it seems.
TRADES:
ROKU STC all my stock this morning when it started to go down. I took it down yesterday, I didn’t want to do it again today, STC @61.83.
ROKU STO 9/7/18 60.5 PUTS @.55 Will accept assignment if it works out that way.
MZOR STO 9/21/18 50.0 CALLS @.80
AMZN
I rolled my September 7, 1950/1960 bull put spread to September 14, 1900/1920 bull put spread for a credit of 1.10, trying to stay ahead of the correction in tech stocks.
More stops
#Rolling #Earnings #CoveredCallCampaign
Had to stop two rolls I made yesterday. I have not re-rolled them, as I’m going to wait for things to settle down and choose my positions carefully.
BTC $FB Oct 5th 165 puts for 6.17.
BTC $RH Sep 28th 129 puts for 7.25.
My IB software has been funky on trade history so I don’t have sale prices handy.
#pietrades and making adjustments. I…
#pietrades and making adjustments.
I have some garbage in my accounts right now and just as I start to break even, it moves again. MU, WDC started as #pietrades, converted to #fuzzies. MU was showing a profit yesterday but 5 points down today on MU and 2 on WDC now have created more work. So anyway, here is what I have and will gradually be moving to ETFs. Only problem is some of my accounts are not big enough to handle the good ETFs unless I #fuzzy them which is probably what I should be doing anyway. On a positive note I have made back 25-30% of the SVXY losses in 6 months. Probably another year to make it all back. That was a harder lesson than the /ES in Aug. of 2015 but at least I had a bigger capital base so did not totally destroy the accounts. Will be interesting to see what happens with the premiums when SVXY reverse splits. I will not trade it unhedged!!
Adjustments
MU 55/50 LEAP call rolled out to 8 DTE for 0.42 credit. CB now 10.52
WDC rolled the 15 DTE 60/65 LEAP down to same date but 60 short call for 1.01 credit. Cb now 16.77
EOG 115 LEAP call 15 DTE, no adjustment. Cb 11.20
New trades
LABU STO the 15 DTE 90 put for 1.2. You could do better now.
TQQQ batch 1 cc 65 at 8 DTE for 64.00
TQQQ batch 2 65.5 cc 8 DTE at 64.45
LNG batch 1 66.5 cc 8 DTE at 65.40
LNG batch 2 66.5 cc 8 DTE at 65.65
Added to XBI #fuzzy and now have all Jan 2019 LEAPS and 22 DTE short calls
95/98 leaps at 5.49 this is the new one
87/95 leaps at 6.43
95/95 leaps at 2.95
At least my theta decay is huge.
Need to be better about direction and timing, wil be using my tools more now instead of just placing weekly #pietrades no matter the ticker is doing.
Even with the garbage still made $582 last week but generally stagnant after the last earnings round.
It seems that a lot of my #pietrades have been converted to #fuzzy lately. Maybe I can get to 10 names, 10 contracts each making $1 or more a week, that would be a lot of cash coming in which would offset some of these dogs 🙂
WYNN rollout
Rolled $WYNN Sep 21 140 puts out to Oct 19 140 puts for 1.45 credit
AMZN #BuPS Stopped out of…
AMZN #BuPS Stopped out of my Sept 21st 1920/1910 BuPS at 2.55 on the swoon this morning.
Options Bistro 