TSLA strangle

#ShortStrangles Now that this one is volatile again, premium is jacked.

Sold to Open $TSLA Nov 2nd 290/350 strangles for 6.50.

amzn

STO November 2, 1475/1500 bull put spread @ 2.25 adding to my position.

T2108 low

Was 7.53 this morning around 11:00 am. Looks like that will be it for the day.

#longputspread STC SPX 2675/2680 Oct…

#longputspread

STC SPX 2675/2680 Oct 26 for $3.60, bot for $1.80 before 1 PM today. I see I could have collected more but couldn’t watch as needed. I’m happy with this.

Next I may be able to buy back my NUGT shorted with a 13.50 call. Eventually it looks like a winner after looking very bad as prices reached $17 earlier this week. It was exercised 2 weeks ago.

UVXY STO UVXY Dec21’18 122…

UVXY
STO UVXY Dec21’18 122 CALL 5.00

WTW

#CoveredCalls – Sure didn’t think I’d still be in this since last earnings. Started out as a blown out strangle and the stock has lost 30 percent since last quarter. Through extremely aggressive call selling (double selling and selling in the money) I’ve managed to stay in the game. Started at around an 80 basis and currently sitting at 66.16.

Next week it’s earnings time again and I’m still being cautious. Selling in the money at a level that will give nice downside protection while still allowing the stock to get called away with a small profit.

Rolled WTW OCT 26 2018 65.0 Calls to NOV 2 2018 58.0 Calls @ 8.85 credit

New basis is now 57.31 covered at 58.0. Estimated move on earnings of about 10 dollars. I don’t quite have all that covered to the downside but got most of it. If the stock gets that low I may back off on the aggressive call selling and keep longer term for a turnaround.

UVXY

#LongPuts #LEAPS – Selling calls and puts against a long put LEAP position. Selling less calls and scattering them out for extra safety. Rolling this week’s and holding short 70 strike the next two weeks. Will continue pounding the weekly put sales as long as I can.

Rolled UVXY OCT 26 2018 60.0 Call to NOV 23 2018 75.0 Call @ .57 credit (2.57 total credit now)

SPX

STO SPX BeCS 2750/2745 10/29/2018 @0.35

SPX longs

#SPXcampaign I bought longs in both directions, because I have no idea which way we’ll head in short term, but I think we’ll be moving strongly in both directions over the next few days. The dates and strikes are sort of randomly chosen near the 3.00 price .

Bought $SPX Oct 31st 2750/2775 call spreads for 3.10.
Bought $SPX Nov 9th 2500/2475 put spreads for 2.70.

Econ Calendar for week of 10/29/18

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

October #Jobs report is Friday, Nov 2nd, 8:30am ET

Screen Shot 2018-11-02 at 7.21.42 AM

EC3 key

Link to calendar: https://us.econoday.com/byweek.asp?cust=us

AMZN is trying

If we remain bullish today, $AMZN could end up in the #IronButterfly profit range of 1715 to 1765. Fingers crossed.

TQQQ

Taking the opportunity to roll from November 9, 58.5 calls to November 16, 59 calls for a credit of .18 cents. If I can do this for the next 61 weeks I will be happy.

WDC

More like a falling hindenberg than a falling knife. Actually at this level not a bad dividend. I am working on rolling the #fuzzy down but don’t have time to update at the moment.

Hope everyone has a good weekend.

Market Crash

Stock Market Crash of 1929 or the Great Crash, is the stock market crash that occurred in late October, 1929. It started on October 24 (“Black Thursday”) and continued until October 29, 1929 (“Black Tuesday”), when share prices on the New York Stock Exchange collapsed… the dates of the events are a little scary

SPX spreads closed

#SPXcampaign Although I feel there are still drops aheads today, I don’t want these spreads to turn into loses. Small loss on today’s but better win on the one i sold yesterday.

BTC $SPX Oct 29th 2700/2725 call spreads for 5.00. Sold an 90 minutes ago for 4.45.
BTC $SPX Nov 2 2760/2785 call spreads for 3.30. Sold yesterday for 6.25.

I may enter again if we hit resistance.

UVXY strikes added

#VXXGame I may be late on this, but since I don’t remember seeing it posted:
Strikes added in $UVXY up to 122 in all expiries except Jan 2020, which is 120.
Also, June is now available.

New highs today. Rolling my lowest strikes, the Jan ’19 70 calls.

REGN

#ShortCalls – Selling against Jan 2021 in the money put spreads to reduce basis. Replacing this week’s expiration.

Sold REGN NOV 2 2018 365.0 Call @ 1.25

T2108

Now at 9.33

AMZN

#Earnings – Doesn’t look like a big bounce is coming so closing the put side of the iron fly at less than max loss and saving the exercise fees. Big wide iron condor sold separately will cover the loss on the fly (maybe even a net small winner). Wild earnings week that was overall green but not sure if it was worth it…LOL

Bought to Close 1750/1720 BuPS @ 29.58 (saved .42)

#shortstock RSX Oct. 10, sold…

#shortstock RSX
Oct. 10, sold short 100 shares of the Russian ETF for 20.65, bought to cover today for 20.12. Still need more weakness in Denny’s, strength in everything else.

A TRADE: Doing what I know.

TWLO STO 11/2/18 70.0 CALLS @1.13 Naked for now.

TWLO

#ShortStrangles – Obviously not decaying as quickly as I’d hoped. Earnings in a couple weeks so I’ll look at it again there. Taking this one for a small winner…

Bought to Close TWLO NOV 2 2018 60.0/80.0 Strangles @ 1.49 (sold for 2.06)

SPX breaks open low

#SPXcampaign
BTC $SPX Oct 26th 2625/2600 put spreads for 4.30. Sold yesterday for 2.20. Missed my fill on the order to close yesterday.

Sold to Open $SPX Oct 29th 2700/2725 call spreads for 4.45. Probably close this today.

Bye bye DubCal flock

EXPE STC @ 1.90 x2, BTO avg price @ 1.11 (win)
CMG STC @ 8, BTO @ 4.35 (win)
FSLR STC @ .90 x3, BTO @ .76 (win)
GILD STC @ 1.21 x2, BTO avg price .99 (win)
INTC STC @1.02 x4, BTO @ .57 (win)
MAT STC @ .30 x 8, BTO @ .19 (win)
SNAP STC @ .04 x10, BTO @ avg price .14 (loss)
WDC STC @ .01 x2, BTO @ avg price .93 (loss)
CHTR STC @ 1.66, BTO @ 3.53 (loss)
COG STC @ .69 x5, BTO @ .39 (win)
CL STC @ .10 x4, BTO avg price .45 (loss)

#earnings

TSLA calls

#Earnings I sold the 300 way too early on Tuesday, before I heard their earnings date was moving. I’ll be selling a strangle later today.

BTC $TSLA Oct 26th 300 call for 13.00. Sold for 4.60 on Tuesday.
BTC $TSLA Oct 26th 330 call for 1.16. Sold for 2.05 on Tuesday.

AMZN

STO 1475/1500 bull put spread @ 1.75 for November 2 expiration.

BABA

#LongCalls #LEAPS – Earnings next week…

Bought to Close BABA OCT 26 2018 150.0 Calls @ .01 (sold for 2.20)

Sold BABA NOV 2 2018 150.0 Calls @ 2.02

Morning Action

#earnings
At the bell, filled on closing $GOOGL Oct 26th 1000/980 put spreads for .35. Condor sold yesterday for 3.00. I’ll let the calls expire.

Closed $INTC Oct26/Nov2 45 dbl calendars for 1.06. Bought yesterday for .54.

Closed $AMZN Oct 26th 1600/1575 put spreads for 2.70. Condor sold yesterday for 3.75. I’ll let the calls expire.

The $CL and $GILD dbl cals not faring as well. Waiting for a hopeful rise in the stocks.

My kinda chart

Can you imagine having an 8 or 9% drop in one day (let alone 20)? The biggest drops all happened before $UVXY existed. We are now below the 200 dma.

Screen Shot 2018-10-26 at 5.42.58 AM

This might help a bit…

…at least for a few minutes.

https://platform.twitter.com/widgets.js