#VIXIndicator We spent the morning in Upside Warning territory, but despite a steadily rising SPX all day, the VIX also rose steadily then ended up closing higher on the day.
Daily Archives: Thursday, September 20, 2018
TQQQ
In one of the smaller accounts that I manage.
Rolled October 19, 73 calls to November 16, 75 calls for a credit of .90 cents. If these expire at zero, I still have 61 more weeks to sell premium. So far, I have collected 14% of the cost of the trade. These are against the 2020 65 calls that I bought at 16.00 on August 10.
Lophirs in top performers
Bought lophirs in top performing stocks in top performing sectors. As explained earlier, these trades do well when price moves up, flat, or down. They lose money on big pullbacks but losses are capped. There is potential earnings risk in October so will have to watch dates as earnings get confirmed. These are half-size positions. Will add opportunistically on pullbacks.
Bot BA Oct26 1/-2/-1/2 362.5/355/347.5/337.5 PUT/PUT/PUT/PUT @ 2.71 credit (BE 346)
Bot UNH Oct26 1/-2/-1/2 262.5/260/255/247.5 PUT/PUT/PUT/PUT @ 2.22 credit (BE 255)
Bot PG Oct26 +5 1/-2/-1/2 84/83/82/80.5 PUT/PUT/PUT/PUT @ .42 credit (BE 81.80)
#lophir
MU earnings
AMZN
STC Sept 21 1885.00/1885.5 #supercharger $2.45
BTO 9/6 1.90
Covered Calls
#CoveredCallCampaign
Sold $AAPL Oct 12th 227.5 covered call for 2.13
Sold $FB Oct 12th 172.5 covered call for 1.20
BTC $OLED Sep 21st 114 put for .15. Sold for 1.50 last Friday
A TRADE: Something different for me.
KFY BTO STOCK 49.77 Was or still is a falling knife. Just dipping a toe. ;>)
RHT financial report after closing…
RHT
RHT financial report after closing of market today? any idea?
A TRADE:
ROKU STO 9/28/18 76.0 CALLS @.94
#shortstrangles SMH TastyTrade idea, sold…
#shortstrangles SMH
TastyTrade idea, sold Nov. 16, 98/113 for 2.53, SMH is just under 108.
BA, CAT
STC January 2020, 360 calls and BTC October 19, 375 calls for a net profit of 3.90
Just thought I would start booking some profits since everyone is so bullish.
Also, STC,  CAT, 2020, 150 calls and BTC September 28, 155 calls for a net profit of 2.93
A TRADE:
:
TNDM BTO STOCK 42.90 A day trade.
IQ STO 9/28/18 26.50 PUTS @.50
NKE BTO 9/28/18 80.0 PUTS @.56
NKE STO 9/28/18 85.0 PUTS @2.07 A BuPS
GOOGL
STC 28 SEP 1130/1140 BuCS @9.40….BTO 9/12 @7.70
#spxcampaign Stopped out of my…
#spxcampaign Stopped out of my Sept 28th BeCS @ 3.15 off a GTC stop order. I adjusted the stop loss order to 3x the 70% of the credit received for the entire IC rather than based on the credit for the leg. The ones from last week would have worked if I had used a stop based on the IC rather than the individual legs. So I believe this is the better set up but the gap up this morning was a killer. I was loading in an adjustment by rolling up the short call but was stop a millisecond before I fired off the order. Still learning.
Too busy at work to…
Too busy at work to check in this week, some interesting trades but TRLY I will watch with amusement from the sidelines:)
After rolling and recovering earnings trades for weeks equity curve finally moving up again. The theta decay finally caught up the the drops in AMAT, WDC, MU and the rebound does not hurt but now ITM on some of the shorts so will have to move them back the other way but have a few weeks.
Rolls/new trades/ #pietrades and position update.
#fuzzy coversions
MU 55/50 2020 LEAP recovering. Cb 9.70. and will roll short call for 15 DTE soon.
WDC 60/58 2020 LEAP now ITM. 36 DTE on the short so will roll up when the time value erodes. CB 15.41
EOG 115 2020 LEAP Cb 9.96. 22 DTE on short side, waiting for time value to drop.
XBI Lot 1 80/97 2020 LEAP cb 19.56 and short calls 22 DTE.
LNG 50/66.5 2020 LEAP cb 19.25 22 DTE on shorts
XBI lot 2 95/98 2019 LEAP next week rolled to 22 DTE for 0.67 credit. Cost basis 4.82. Also have 87/95 at 5.68 and 95/95 at 2.2. Trying to take these to zero cost basis then roll cash into new trades.
TQQQ lot 1 65 CC cb 63.20, will let assign next week and reset
TQQQ lot 2 65.5 cc cb 63.15 and will let assign next week
LNG lot 1 cc 66 rolled 1 week for 0.49 credit. Cb 64.23
LNG lot 2 66 cc rolled a week for 0.40 credit. Cb 64.32
1 new #pietrade and may become a ladder.
EXPE 43 DTE 126 put sold for 2.95. Cb 123.05 if assigned.
Hope everyone else is having a good week and anyone in NC hope things are drying out.
#earnings #shortstrangles MU Sold October…
#earnings #shortstrangles MU
Sold October 19, 41/55 for 1.38, Micron is at 46.
#shortputs #closing #fallingknife INTC July…
#shortputs #closing #fallingknife INTC
July 27, sold Jan. 42 put for 1.27, bought today for .84, thanks Iceman
PVTL owner
#Earnings #Assignment While waiting for $PVTL 22.5 puts to hopefully expire, I got assigned last night. At least it is cheap. No weeklies, and options premium is weak, so I will hopefully catch a bounce and sell it.
Ripping
We awake to a ripping rally and lowest VIX since early August.
Options Bistro 