#LongPuts #LEAPS – Finally getting caught up on this week’s trades. Missed one here….
Bought to Close DUST Sep 14 2018 36.0 Puts @ .05 (sold for .87)
Daily Archives: Thursday, September 13, 2018
MO ALRM NFLX Short Puts / WTW Roll Calls / SPX Closed Early
#shortputs
$MO STO 9/14 61 put at .40
$MO STO 9/21 61 put at .78
$ALRM STO 9/21 57.5 puts at 1.10 Thank you @fuzzballl
Closed Early
$NFLX BTC 9/21 295/305 BUPS at .05 STO at 1.95
#shortcalls
$WTW BTC 9/21 74 call and STO 10/19 80 call at a net debit of .15 Stock at 72.25
#spxcampaign
Closed Early
$SPX BTC 9/14 2810/2835 BUPS at .20 Sold for 1.80 I’m a bit skittish
XBI
#LongCalls #LEAPS – Late fill so looking tomorrow for the next sale…
Bought to Close XBI SEP 14 2018 97.5 Calls @ .02 (sold for 1.02)
VIX hedge
#Hedge – Added the second half of this today. First half filled at .05 debit and second half filled at .10 credit. Also added long 11 puts underneath the short 13’s. Basically a bullish (on VIX) double vertical…sold 13/11 put spreads to finance the purchase of 17/21 call spreads. This will also be a nice hedge for shorting UVXY after the upcoming reverse split.
Here’s the original post:
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Theo Trade VIX hedge
#Hedge – From a free webinar last night….Don was going out to Nov and selling 13 strike puts. Using that cash to finance the purchase of 17/21 Bull Call Spreads. He was getting it at even. I’m showing a nickel debit right now. No fill yet.
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AMD-taking profits on a quick one
I didn’t expect this to get to 50%+ profit in a few hours but I’ll definitely take it when it does!
Bought to close $AMD Oct 19 37 calls @ 1.02. Sold for 2.17 earlier this morning.
#shortputs DUST Sold Sept. 21,…
#shortputs DUST
Sold Sept. 21, 42.50 put for 1.73.
SPX condor sold
#SPXcampaign Sold to Open $SPX Sep 28th 2815/2840/2950/2975 iron condors for 3.65. This is replacing the condor that expires tomorrow, but I’m going 5 points closer in on each side.
WDC
Already rebounding so already adjusting to stay ahead.
Rolled 22 DTE 57 call out to 43 DTE and up to 58 call for 0.53 credit. Cost basis now 15.41 and still have 69 weeks to manage.
I am finding it easier to move up/down/out before it goes too far ITM. Once it does the deltas offset more. At that point probably better to either a) move the entire spread or b) ratio it to prevent so you have no risk to the upside.
AAPL call roll
#CoveredCallCampaign BTC $AAPL Sep 28th 227.5 covered calls for 3.55. Sold for 3.60 on Tuesday, so broke even and covered commissions.
#Rolling Sold AAPL Oct 5th 230 calls for 3.60.
#ironcondor TSLA Short strikes from…
#ironcondor TSLA
Short strikes from TastyTrade idea, sold Oct. 19, 210/220/355/365 for 1.63, TSLA is around 290.
#shortputs TastyTrade Short puts are…
#shortputs TastyTrade
Short puts are sold here very often. Here is a 7 minute market measure on managing at 25%/50%/21 days and expiration with doing something at 21 days being the winner. Doesn’t help with the 4 days to expiration puts on DUST though.
https://www.tastytrade.com/tt/daily_recaps/2018-09-12/episodes/short-put-management-performance-09-12-2018
TRADE:
ALRM STO 9/21/18 57.5 PUT @1.15 Trying to buy it a little cheaper.
SQ covered calls
#CoveredCallCampaign This one has been a monster, and call premium is big. Got some of my calls run over so building my way back. I am long stock and also long Jan 2019 60 calls.
Sold $SQ Oct 5th 97 calls for 2.45.
Anyone have advice on rolling my Jan 60 calls? I can go to March or Jan 2020. Currently trading at 32.83. Can roll up to Jan 2020 80 call for 26.20, or Jan 2020 100 call for 17.40.
Thoughts?
BA
BTO January 2020, 360 calls @ 44.16
STO October 19, 375 calls @ 3.55
#spxcampaign Morning all. Stopped out…
#spxcampaign
Morning all. Stopped out of my 4 spread legs as designed about 10 minutes after the open.
Sept 21st 2780/2760 BuPS @ 0.30. Originally sold for 1.25 on 9/05
Sept 21st 2940/2960 BeCS @ 1.80. Originally sold for 0.80 on 9/12.
Sept 24th 2780/2760 BuPS @ 0.30. Originally sold for 1.00 on 9/11
Sept 24th 2940/2960 BeCS @ 1.75. Originally sold for 0.70 on 9/11
Overall my test of 3 IC including the Sept 14th spreads have netted 49.40 of profit using Dan Sheridan’s method with my usual 2 contracts per side. I like Sheridan’s method of setting hard stops using OCO. When I set alerts it leaves me antsy and prone to making irrational moves. I may reload these later today.
Now its time to sit back and wait for Florence. Have a great day.
Going short AMD
Via calls. Idea from TastyTrade.
Sold $AMD Oct 19 37 calls @ 2.17 with the stock at 33.95 up almost 25% this week.
#earnings #closing #shortputspread NFLX July…
#earnings #closing #shortputspread NFLX
July 12, sold Sept. 21, 350/360 put spread for 2.20, glad I went out in time as NFLX went from about 400 to about 310 in the month after earnings. Finally turned profitable today, bought for 1.94. Beats losing.
BA
BTO September 28, 340/350 call spread @ 8.45 with the stock at 360
PVTL call side closed
#Earnings BTC $PVTL Sep 21st 34 calls for .05. Condor sold yesterday for 1.70.
The 22.5 puts are recovering from overnight lows. Order in to close for .05 as well. Leaving the long legs as lottery tickets.
Good Morning
Good Morning
Options Bistro 