#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?
BTO January 2020, 360 calls @ 44.16
STO October 19, 375 calls @ 3.55
#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.
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 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.
BTO September 28, 340/350 call spread @ 8.45 with the stock at 360
#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
#supercharger
Maiden Voyage – shoals abound
$GOOGL STO 9/28 1155/1165 BUCS at 7.20 Thank you @jeffcp66
#shortputs
$CMG BTC 9/28 440/460 BUPS at .50 STO at 3.30 Thank you @ramie77
$TSLA BTC 240/250 BUPS at .55 STO at 1.60 Kudos to @ramie77
$IQ BTC 9/21 35 put and STO 10/19 35 put at .30 additional credit
$HAL BTC 9/21 40 put and STO 10/19 35 put at .26 additional credit
I was assigned overnight on my short Jan 75 puts (which I’ve been rolling since they went ITM about a year ago). I thought we had a shot of getting close previous levels again back in July but things have retreated since then. I’ll sell calls on the next big move up but for now just staying long. Premium taken in so for is 11.59 so basis is 63.41.
6.5″ display, just announced.
Watch live at https://www.apple.com/apple-events/september-2018/
#Earnings Taking a shot on this one since premium is high, but defining max risk since this is its first earnings report, and the options expire next Friday.
Short Strikes are about 20% OTM.
Sold $PVTL Sep 21st 17.5/22.5/34/39 condors for 1.70.
#supercharger – STC 14 SEP 345/350 BuCS @4.70….Opened 8/28 @3.89..
BTO 28 SEP 342.5/347.5 BuCS @3.80…GTC order to close @4.70
#spxcampaign Stopped out of my Sept 14th 2930/2950 BeCS @ .10 (Profit target). Originally sold 9/7 for .40.
#LongCalls #LEAPS – Could be a fake out today so starting gradually with about one third position and non-hedged.
Bought WDC JAN 17 2020 57.5 Calls @ 8.80
Sold WDC SEP 21 2018 58.0 Calls @ 1.01
#ShortPuts #IRA – Adding one more slightly more aggressively.
Sold SOXL Nov 16 2018 100.0 Put @ 3.50
Already short the Nov 90 strike @ 5.10 from awhile back…
#ShortPuts #IRA – Freeing up some cash and selling first Feb position.
Bought to Close DG Jan 18 2019 75.0 Put @ .25 (sold for 2.26)
Bought to Close JNJ Nov 16 2018 115.0 Put @ .22 (sold for 3.05)
Bought to Close JNJ Dec 21 2018 110.0 Put @ .24 (sold for 2.37)
Sold SOXL Feb 15 2019 75.0 Put @ 3.50
#ShortPuts #IRA – Adding one…great divvy down here.
Sold STX Dec 21 2018 45.0 Put @ 2.34
Not selling any puts in WDC yet but considering adding a long term LEAPS position.
Sold $AMAT Jan 18 34 puts @ 1.23
Look at it fall after a parabolic rise (twice). Luckily for me I sold a Sept 21 BeCS 36/50 for $8.50. I averaged it with an earlier position sold for much less. Presently worth $7.07, break-even for me.
#spxcampaign Sold Sept 21st 2940/2960 @ 0.80 when SPX was at 2887.41. Profit limit @ .20 Mark and stop loss @ 1.80 Mark. This is paired with the Sept 21st BuPS
Rolled 10 DTE #fuzzy to 23 DTE for 0.23 credit. Cost basis now 9.70.
At least WDC rebounding a little.
#CoveredCallCampaign
Yesterday:
Sold $BABA Sep 28th 170 call for 1.55
Sold $AAPL Sep 28th 227.5 calls for 3.60
#PieTrades
Closed $MU Sep 14th 47.5 covered call for .08. Sold last week for .75. Leaving the deck clear for earnings next week.
Today:
BTC $AMAT Sep 14th 125 covered call for 2.50. Sold last week for 2.00. Ex-div tomorrow, so I’ll wait until after to sell new calls. #PieTrades
#Earnings repair
Sold $TSLA Sep 21st 300 call for 4.25
Sold $RH Sep 28th 135 call for 2.30
#earnings #shortstrangles #closing LULU
August 30, sold a seemingly safe 115/155 strangle for 2.12, stock about 138. LULU touched 160 a couple times, has backed off some, finally became slightly profitable this morning, just under 153, bought the strangle for 1.93, playing it safe and freeing up 3K in margin.
#shortputs
$ROKU BTC 9/14 61 puts at .05 STO 9/5 at 1.21 on $AMZN news sending $ROKU down. Should have bought stock.
$AMZN STO 10/19 1800/1850 BUPS at 7.52
#spxcampaign
$SPX STO 9/24 2760/2780/2960/2940 at 1.70 Thank you @jdietz1954
#shortcalls
$DBX STO 9/14 28 calls at .25 Will keep covering until the shares disappear!
#longcalls
$SPLK BTO 10/19 125/135 BUCS at 4.22
Bought to close:
$AMBA Nov 16 32.50 puts @ .35. Sold for 1.10 on 6/6.
$URI Jan 18 100 puts @ .60. Sold for 2.33 on 4/24.
STC 108/110 $1.55 BuCS BTO 9/6 $.93 #in-out
At a lower strike
Sold $AMAT Jan 18 2019 35 puts @ 1.25
#spxcampaign BTC my Sept 14th 2800/2780 BuPS @ .20 off a GTC order. Originally entered 9/05 @ 1.05
#SuperCharger This worked so well a couple weeks ago, and now it looks like the pullback may be over.
Bought to Open $GOOGL Sept 28th 1155/1165 bull call spread for 6.99. Order in to close for 9.40.
#Earnings Still working my way back from some earnings trades on these two.
Sold $RH Sept 28th 120 puts for 3.25. Will sell calls on a spike up.
Sold $TSLA Sept 21st 260 puts on Friday for 11.95.
Sold $TSLA Slot 21st 300 call yesterday for 2.40.
#LongCalls #LEAPS – Another busy week away from the market but still selling a little. Quite a few to watch as we get closer to Friday though.
Bought to Close GLD SEP 14 2018 116.0 Calls @ .01 (sold for .48)
Sold GLD OCT 5 2018 115.0 Calls @ .43
I rolled my September 28 , 70 calls out to October 19, 73 calls for a credit of .05 cents.
#shortputs NKTR
sold Oct. 19, 60 put for 2.45.
#shortputs EWZ
Sold Oct. 19, 29 put for 1.29.
#CoveredCallCampaign Have we found its bottom?
Sold $FB Oct 5th 175 covered calls for 1.50.
#spxcampaign Legged into a Sept 24th Iron Condor 2940/2960/2760/2780 for 1.70. OCO stops: Put side .30 limit, 2.40 Mark stop. OCO stops on the Call side .20 limit, 1.70 Mark stop. Following Dan Sheridan’s method here.
#ContangoETFs Sold $DUST March 60 call for 5.35, adding to my position.
Good Morning
#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 DUST $40 calls?
Sold $MLM Jan 18 2019 165 puts @ 2.80 with the stock at 191.59. Delta 16.
#FallingKnife
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.
Sold $TRV Jan 18 2019 105 puts @ 1.10.
Premium is a bit better now.
#FallingKnife
#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.
#fallingknife #shortputs JD
Sold Dec. 21, 24 put for 1.27.
https://tinyurl.com/yc7ga2fd
Good Morning all
#shortcalls
$AMZN BTC 9/7 2035 call and STO 9/21 2025 call at additional 11.40 These are against long 9/21 calls
#shortputs
$AMZN BTC 9/7 1930/1940 BUPS at .80. STO at 1.30 on 8/29
$CMG BTC 9/21 420/430 BUPS at .30. STO at 1.55 on 8/3 Thank you @ramie77
Just a couple….
$FIVE 104 puts, #Earnings trade sold yesterday for 1.20
$RH 180 calls, sold a couple weeks ago for 3.68
#spxcampaign Sold Sept 14th 2930/2950 Calls for .40 to pair with my Sept 14th BuPS. Stops .10 and 1.00
#optionsexpiration
Just 2 this week
MU Sept 07th 54.5 Calls
ROKU Sept 07th 57 Puts
Taking off my last position in this stock.
Bought to close $CVS Nov 16 60 puts @ .24. Sold for 1.70 on 6/18.
#LongCalls #LongPuts #LEAPS – Slow day today….replacing some expiring positions and adding to positions.
DUST:
Bought DUST JAN 17 2020 40.0 Put @ 13.59 (adding one)
Sold DUST SEP 21 2018 40.0 Put @ 1.10
EWZ:
Sold EWZ SEP 28 2018 35.0 Calls @ .46
LABU:
Bought LABU JAN 17 2020 110.0 Call @ 19.80 (adding one)
Sold LABU SEP 14 2018 98.0 Calls @ 1.75
BTO Sept 14 262.50/260.00 BePS #supercharger Puts 1.03 #in-out
STC SPX EM BF 2875/2870/2865 $1.25
BTO 9-5 $0.20
Thx DK
ERX #Shortputs Rolled my Sept 7th 35 Put out a week to Sept 14th 35 P for 0.15 credit.
Sold #shortcalls Sold NUGT Sept 14th 13 calls @ .16.
Fed up with TWTR and sold my stock. Took the loss and moving on.
#spxcampaign Sold to open Sept 21st 2760/2780 BuPS @ 1.25 when SPX was at 2874. Stops @ .30 and 2.95
#shortputs FB
From Tradewise sell Oct. 5, 155/157.50 for .62 each
#closing #shortputspread TSLA
August 28, sold a 300/310 put spread for 3.43, rolled it down and out, not far enough, closed today for a $1547 loss, played with fire arrgghh
ROKU BTO STOCK @64.94 An add. 1/2 position.
ESPR BTC 9/21/18 50.0 PUT @2.15 STO @5.30
#shortputspread #closing #earnings AVGO
July 15, sold an August 17, 210/215, put spread for 1.00. August 15, rolled it to Sept. 21, 200/210 for 1.34, closed today for .40 after the earnings pop. My initial timing was right, could have closed profitable after about 10 days and avoided the earnings risk, but no, had to try for more which resulted in a de facto risky earnings trade-I feel lucky.
BTC the 14.00 calls that expire today at .02 that I sold last week at .24, I could have waited or let them expire but this moves around a lot like last week so decided to take the money and run.
Sorry, they were covered calls.
#CoveredCallCampaign Sold $FB Oct 5th 160 puts for 4.00.
#PieTrades Sold $MU Sep 14th 47.5 covered call for .75
#PieTrades Sold $OLED Sep 14th 125 call for 2.00.
#SyntheticCoveredCalls Closed $PYPL Sep 21st 95 calls for .11. Sold for 1.10 on Tuesday.
#Jobs Slightly better than expected.
+201,000 non-farm payroll jobs, vs 191K expected
Unemployment steady at 3.9%
U6 unemployment at 7.4%, down by 0.1
Wages up 0.4%, 2.9% year over year, an improvement over recent months
Labor force participation 62.7%, down 0.2
#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.
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.
#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.
#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
BTO Sept 21 108/110 Call Spread 93.00 #In-Out
Order in to GTC STC 108/110 1.55
Options Bistro 