#LongPuts #LEAPS – I’m looking to setup a long term short position in something similar to TBT that has a little more juice in the premiums (like DUST is for the miners). Is there anything out there that’s leveraged that is a short bond fund. Something that is up when bonds are down?
It’s been awhile since I posted, thought I’d pop in here and say hi! I’m deep in the weeds at Option Pit. I’m in their pro group now. My trading is changing quite a bit, to a style that is more “book management” than “trade management.” Using low volatility to build a catalog of long puts and calls, then selling around them to pay for the decay, and selling out the longs as the market demands (for example I have a bunch of IWM puts that are getting close to being up 100% now, so I’m metering them out). I’m doing a lot of ratio calendars to acquire the longer dated options at a discount. This would be impossible to do with the old commission structures that had a ticket fee + contract fee. Thank goodness Tasty Trade caused a lot of pricing innovation! It’s less stress knowing a big move in either direction pays out nicely….it’s just managing the middle that’s important. It’s going to be an interesting quarter with everything going on. I’ll try not to be such a stranger!
Rather than posting closing trades throughout the day, I plan to post a daily summary. I’ll continue to post opening trades individually to ensure that they’re timely in case anyone wants to follow.
BA. Strong stock in strong sector strat. BTO Oct26 lophir @ -2.61. STC @ -.80 for 70% profit. Days in trade 12
AAPL. Pre-ER strat. BTO Oct26 supercharger @ 7.93. STC @ 9.40 for 16% profit. Days in trade 8
NFLX. Pre-ER strat. BTO Oct19 lophir @ -8.31. STC @ -2.50 for 70% profit. Days in trade 13
Note: Profit on lophirs is based on credit received, not max risk. I’m willing to report based on max risk if you all prefer that.
Sold VIX Nov 18/28 BeCS @ .70 against my Feb and Mar BuCS.
This is my long-running strat where I sell short-dated 10-wide call credit spreads on continuous low volatility or small spikes and buy long-dated call debit spreads 10-wide whenever they are cheap, meaning less than $1. The long dated debit spreads provide protection for the call credit spreads and also serve as insurance against big overnight market drops.
Sold Nov. 16 170/175 for .85
Rolled EWZ 5 OCT 35 Call to 19 OCT 35.5 Call @.46 Credit
SFIX is down big today after earnings, this is a Motley Fool best buy, AMZN is doing something similar. I choose my own clothes, waiting to see how far this falls.
STO, January 2019, 55 puts @2.60, this is a partial sale against my 2019, long position of the 50 puts in 2019. This was a bearish trade that is not working so far.
Rolled AAPL 5 Oct 225 Call to 19 OCT 227.5 @.12 Credit
BTC XBI 5 OCT 18 97.5 Call @.02…STO 9/28 @.39
STO XBI 12 OCT 18 95 Call @.56 with XBI @93.04
SFIX BTO STOCK @29.99
BZQ ETF is down 11%
STO LABU Nov02’18 70 PUT @ 1.85
Bought to Close AVGO JAN 18 2019 170.0 Put @ .41 (sold for 5.00)
Sold TNA DEC 21 2018 70.0 Put @ 2.35
Sold TNA JAN 18 2019 65.0 Put @ 2.30
A divvy play on SJM. Would love to get it down here…
Sold SJM JAN 18 2019 95.0 Put @ 2.39
#coveredcalls Covered up my long high basis MU with Oct 5th 47.5 calls with the stock at 47.58. Whittling away.
TastyTrade idea sold Nov. 19, 100/110, bought one 100 call, sold 2 110 calls for .52.
#ContangoETFs My next order filled; sold $BOIL Jan 2019 45 call for 2.25. Next order in to sell at 3.00.
BTO 330/340 Bull call spread @ 6.74
#SuperCharger Replacing the NVDA one that closed yesterday. This expires before earnings.
Bought $REGN Oct 26th 380/390 bull call spread for 7.35. Price target 9.40.
Sold NUGT for $13.95, bought 9/12 for $11.94 worth the wait
SFIX STO 10/5/18 34.0 CALLS @.60 Will buy stock to cover if necessary. Expires Friday.
#spxcampaign Sold to open Oct 15th 2885/3005 BeCS for 0.65 when SPX was at 2926. I have a BuPS to pair waiting for a fill.
STO October 19, 165 calls at 1.92 to offset my January 2019, 200 calls. I also have the 185 calls that expire on Friday so I am pre selling the calls.
TNDM STO 10/12/18 41.5 CALLS A chance I’ll have to buy stock to cover.
#Lophir Closed on GTC order: $NFLX 300/325/340/350 lopper for 2.50. Sold for 8.35 on Sept 19th. Thanks MamaCash!
Fuzzy – I have a document by Adam Mesh where he buys a call, then sells one for a debit. As he rolls the sold
strike, he get’s a credit . the bought call is 5 -7 weeks out and is 1 strike ITM. He makes money as he rolls the short strike at .05 db. This reminded me of Fuzzies. Is it? I have not been here for awhile so my memory is a bit vague on Fuzzies. Thanks
/CL STO the 43 DTE 88 call for 0.24 for the 64/88 strangle.
Looks like it may have finally found a top.