Expirations Have a nice weekend.

LABU 80 calls

LABU 92.5 calls

SVXY 62 calls

AMZN 1580/1600 bull put spread

#shortputspread IBM Borrowed concept from…

#shortputspread IBM

Borrowed concept from Tastytrade. IBM hasn’t been this low since January of 2016. Sold a couple Dec. 115/120 put spreads at .81 each.

UVXY

#LongPuts #LEAPS #ShortCalls – Selling the crap out of this before it eventually implodes. Selling weekly strangles against my long LEAP puts.

Bought to Close UVXY OCT 19 2018 50.0 Puts @ .05 (sold for 2.35)

Sold UVXY OCT 26 2018 51.0 Puts @ 2.10

LABU OLED XBI

#LongCalls #LEAPS #BullPutSpreads – Weeklies against various positions. Missed this morning where these could’ve all done better but taking what I can get.

LABU:

Bought to Close LABU NOV 2 2018 95.0 Calls @ .05 (sold for 1.35)

Sold LABU OCT 26 2018 70.0 Calls @ 1.31

OLED:

Bought to Close OLED OCT 26 2018 130.0 Call @ .10 (sold for 1.30)

Sold OLED OCT 26 2018 117.0 Call @ 1.20

XBI:

Bought to Close XBI NOV 2 2018 95.0 Calls @ .05 (sold for 1.10)

Sold XBI NOV 2 2018 89.0 Calls @ .76

#shortstock #shortputs MRO Sold an…

#shortstock #shortputs MRO IMAX
Sold an Oct. 26, 20.5 put for .38, covered by short stock, a reverse covered call.
Sold short 100 shares of IMAX at 22.48

#earnings #closing NFLX Oct. 16…

#earnings #closing NFLX

Oct. 16 sold 265/270/400/405 #ironcondor for 1.01, bought today for 56.
Oct. 15, followed Ramie and sold a 410/420 #shortcallspreads for 1.26, bought today for .25.

Econ Calendar for week of Oct 22-26, 2018

Be sure to periodically click Home/REFRESH to keep Bistro features updated.

Screen Shot 2018-10-26 at 10.27.36 AM

EC3 key

Lophir petri dishes broke

Closed the last of my lophirs this week: ADBE, AMZN, GOOGL, ISRG, JNJ, MMM, PG. Loss against max risk ranged from 20% to 80%. It’s a good thing I made money in AMZN earlier this year or I would have been really unhappy.

#lophir

Pre-ER trades

When a system doesn’t work, stop trading it. No more pre-ER this quarter for me. That means they’ll probably start working like a charm. I’ve been doing these systematically for two years. This is the first quarter where the losses are piling up.

Closed GPC long calls and straddle for a profit (held thru earnings)
Sold a double cal in HON to end up with a profit overall (unusual adjustment)
Full loss on VFC
Still holding AMZN, BABA, CAT, EOG, GOOGL, LITE, LMT, MSFT, ROKU, SHOP, SWK with limited risk. All losing except LITE at this point.

Will update the pre-ER spreadsheet with actual percent gains and losses after the close
#preearnings

TQQQ

I rolled my November 2, 66 calls, 66.5 calls, and 67 calls down to the November 2, 58 calls for an average credit of 2.76 which covers 15 weeks of my weekly calls at .18 cents per week. I have covered 18% of my cost and have 115 weeks to go from November 2.

TQQQ synthetic

#SyntheticCoveredCalls Sold $TQQQ Oct 26th 60 calls for 1.40. Against my 2020 66.67 #LongLEAPs

#OT Morning / Afternoon all….

#OT Morning / Afternoon all. I am going to take some time away from active trading. Sort of a sabbatical. Maybe on the order of 3-6 months. Life’s little pleasures have been monopolizing my time of late and I am unfocused. I closed my leaps for a small profit and have a few (4) underwater positions that will need regular maintenance to get back to even. Of course the long term portfolio needs to be managed per usual. I’ll pop in from time to time and be back regularly once I get things caught up. Just to squash the fake news my wife is still here, the farm is intact though the weeds are very happily taking over, I’m not going to jail, and I’m definitely not running for public office. Though the latter two might go together. Jeff this is a gem of a community. I am so honored to be a member. Thank you all. Happy and successful trading. Later Jon

PG rated

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SQ synthetic

#SyntheticCoveredCalls Sold $SQ Oct 26th 80 calls for 1.25. Good premium for only one week out. It topped out at 80 last week. These are against my 2020 #LongLEAPs.

Hedging more

#VXXGame Bought to open two each of the following, giving me almost $10K in margin as they release pressure from short calls.

BTO $VXX Jan 2019 105 calls for .44
BTO $UVXY Nov 16th 112 calls for 1.25

I do think we will have at least one more drop before recovery.

#earnings #closing #shortstraddle CREE October…

#earnings #closing #shortstraddle CREE

October 15, sold a Nov. 35 straddle for 4.69, bought today for 3.32.

SPX calls sold

#SPXcampaign Sold to Open $SPX Oct 26th 2820/2845 call spreads for 7.10.
These expire a week from today.

ISRG closed

#Earnings BTC $ISRG Oct 19th 490 puts for .53. Sold the 490/565 strangles yesterday for 5.25. I’m letting the calls expire.

Earnings double calendars

Here’s a quick update on my foray into using double cals to play volatility thru earnings. You know what they say. You win some. You lose some. Thanks to HON and ISRG, I won overall.:-)
AXP Sold @ .70. Bot @.73
HON Sold @ 2.37. Bot @ 1.35
ISRG Sold @ 10.84. Bot 5.27
PYPL Sold @ .55. Bot @ .80
VFC Sold @ .47. Bot @ .60

#earnings

PYPL synthetic

#SyntheticCoveredCalls Sold to Open $PYPL Nov 2nd 88 calls for 1.20.
These aren’t really that covered, as I have the Jan 2019 100-strike #LongLEAPs, which are trading for about 1.00.
Also looking to sell calls in $SQ, where premium is much higher than PYPL, so I’m waiting to see if it tops out.