WTW Short Call / SPOT Short Puts / EXAS Rolling Again / MCD Long Call

#shortcalls
$WTW STO 9/21 74 call at $1 (covered – left over from earnings trade – if called away a breakeven)

#shortputs
$SPOT STO 10/19 170/175 BUPS at 1.90
Rolling
$EXAS BTC 10/19 60 put and STO 10/19 70 put for added 1.40 credit. Now banked 4.60 Thank you @ramie77 for original STO 1/2019 35 puts

#longcalls
$MCD BTO 10/19 165/170 BUCS at 2.05

@ramie77 Have you rolled your…

@ramie77
Have you rolled your DUST $40 calls?

CVS

STO Sept 21 77/75 BePS $1.01 #In-Out #Bitty
STC GTC 1.65 DK Special

MLM–Selling Jan puts into the bounce

Sold $MLM Jan 18 2019 165 puts @ 2.80 with the stock at 191.59. Delta 16.
#FallingKnife

Weekly vs monthly options or…

Weekly vs monthly options or #pietrades vs #optionladder

Not trying to sound greedy but after I converted a lot of #pietrades to #fuzzies and #optionladder, the decay is A LOT slower. Like watching paint dry but there are some advantages and disadvantages. Had a lot of time to think about trading this weekend with tropical storm and hurricane on the way.

Advantages:
higher premiums up front
less frequent adjusting
lower gamma risk, it can move around more before it hurts the overall position.
less trading=less commissions and fewer trades to monitor
easier to adjust
less intensive trading

Disadvatages:
slower premium decay, much slower my theta is half of what it usually is
less overall premium, you get more up front but 4 weeks of ATM options is a lot more premium than 1 option sale
fewer positions
in the case of diagonals or multi strike calendars, harder to adjust with monthlies. Weeklies let you simply roll up/down/out
less compounding effect, my back of the note pad answer is about 15-20% less annualized returns compared to weeklies

So which one wins? Depends on your goals. Personally I am trying to grow accounts so I will be sticking with mostly weekly and #pietrades. The compounding effects more than offset the additional work.

If you already have everything you need, then #optionladder would probably make more sense.

Some days/months trading is easy, other not so much. These last 6 weeks have been hard for me after earnings went bad and not a lot of time to trade. If it was easy everyone would do it and be good at it.

Thanks again for the ideas. I finally close a lot of these trades in 11 days and can re-deploy capital.

#cat4, #optionladders

TRV Jan puts

Sold $TRV Jan 18 2019 105 puts @ 1.10.
Premium is a bit better now.
#FallingKnife

#shortcalls $TSLA sold last week’s…

#shortcalls
$TSLA sold last week’s 262.50 call with 35 minutes till expiration collect 0.55, easy money.
Stock closed at 263.24, option 0.84 just missed buyback. Margin sales Friday evening at $265 and today at 276.85, 277.80, 280.95 and final capitulation 281.15, must be near the high of day. All for a lousy 0.55.