TBT 2x or 3x?

#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?

Hi Guys!

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!


Closing trades

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.

#PreEarnings #supercharger #lophir

AMZN lophir rinse and repeat

Couldn’t resist adding another AMZN lophir on today’s pullback. My trading plan allows me to own two at a time.:-)
Bot AMZN Oct26 +1p/-2p/-1p/+2p 1940/1885/1840/1780 @ -14.40. GTC order to close @ -7.20.

#lophir #rinseandrepeat

VIX strat

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.

#shortcallspreads IWM Sold Nov. 16…

#shortcallspreads IWM
Sold Nov. 16 170/175 for .85

AAPL roll & TSLA quickie

BTC $AAPL Oct 12th 215 put for .35. Sold for 2.05 on Sep 25th
Stopped AAPL Oct 12th 227.5 call for 3.65. Sold for 2.13 on Sep 20th.
#StrangleRoll Sold AAPL Oct 19th 222.5/235 strangle for 3.21.

BTC $TSLA Oct 5th 320 call for 1.00. Sold yesterday for 5.75.