Have a nice weekend to everyone.

No expirations

#longstrangle EWZ Just in case…

#longstrangle EWZ

Just in case bought Nov. 16, 45 call for .06, bought Nov. 16, 27.50 put for .05, closed other EWZ short calls and puts.


#ShortPuts #IRA – Booking 40 percent of an EWZ position to make room for an aggressive TNA position.

Bought to Close EWZ DEC 21 2018 30.0 Puts @ .34 (sold for 2.02)

Sold TNA DEC 21 2018 70.0 Put @ 8.40

T2108 now below 10

At 9.84.

It got to 8.60 on 2/9/18.

JPM post-earnings

I don’t know. It feels like a good idea to own a bank like JPM in a rising interest rate environment, after an over 10% pullback from its recent highs, at what would be 12 month lows and a 3+% dividend.
Sold a ladder:
$JPM Nov 16 100 puts @ 1.36
$JPM Dec 21 95 puts @ 1.25

UVXY STO UVXY Jan18’19 112…

STO UVXY Jan18’19 112 CALL $7.20

#shortstock My only experience being…

My only experience being short shares of stock was being assigned a few times, and a couple of those worked out, a couple didn’t. I’ve been watching TastyTrades permabear (thanks fuzzball) Tim Knight and decided to start trying some trades on the short side. I’m no chartist and I’ve been interpreting his interpretations. Like all of the prognosticators, he isn’t always right but I’ve had some success. I haven’t posted because I haven’t known what I was doing. So far, no losers( a couple slightly underwater) and just about everything has been $50- $100 gains. Here is what I have done on the short side, and a few short call spreads and long puts have worked as well. Still have a steep learning curve.
I sold 100 shares of the named stock on the first date, and bought to close (cover) on the 2nd date, reading across.
Aug. 27 DENN covered Aug. 21
Aug. 28 RDN covered Sept. 26
Aug. 31 PIR covered Sept. 11 (don’t short $1.80 stocks)
Sept. 5 DVN covered Sept. 6
Sept. 5 BNS covered covered Oct. 10
Sept. 6 DBC still in
Sept. 7 AXS covered Sept. 11
Sept. 10 MRO still in
Sept. 14 DVN covered Sept. 17
Sept. 20 DENN still in
Sept. 25 MU covered Oct. 4
Oct. 2 RSX covered Oct. 4
Oct. 4 CRUS covered Oct. 5
Oct. 4 FXI covered Oct. 8
Oct. 8 BOX covered Oct. 9
Oct. 9 BFR covered Oct. 10
Oct. 10 RSX still in

Short Call Spreads, all closed except GDX, sold close to the money.
BUD again
GDX not doing well