SPX 1-DTE

#SPXcampaign Sold to Open $SPX Nov 5th 2625/2645/2765/2785 Iron Condors for 1.20. Expire Monday.

SBUX dbl calendar

#Earnings Biggest move in years means #DoubleCalendar is no good…

Sold to close $SBUX Nov2/Nov9 59 double calendars closed for .07. Bought yesterday for .48.

I closed the calls, but the left the short put to expire and the long put as a lottery ticket next week.

Bond prices and the election?

This article is a few months old but would you guys agree with this? Not being left or right politically just wondering if Dems controlling the house would be a catalyst for bonds to rise? I’ve got some TLT exposure in the event of a rally so debating about booking a big chunk of it Monday.

https://www.marketwatch.com/story/midterm-swing-to-democrats-could-lift-bonds-strategists-say-2018-08-23

Poll results

35% higher
47% lower
18% sideways

Since the poll SPX is up 5-8 points

BABA

#LongCalls #LEAPS – Got through earnings with close to the number I wanted. Booking a fairly quick one here so I can concentrate on moving away from individual stocks in these types of plays. Like the ETFs better for long term trading. Fifth time being in and out of BABA this year…

Sold to Close BABA JAN 15 2021 150.0 Calls
Bought to Close BABA NOV 2 2018 150.0 Calls

All said and done it’s a 2.24 winner in a big ‘ol 2 lot. 🙂

REGN

#ShortCalls – Early fill this morning. Earnings next week but not an earnings play here.

Bought to Close REGN NOV 2 2018 365.0 Call @ .05 (sold for 1.25)

Sold REGN NOV 9 2018 385.0 Call @ 1.70

#shortstock KBE Back in, sold…

#shortstock KBE PAG

KBE Back in, sold short 100 shares at 43.20
PAG Sold 100 shares short of Penske at 45.08

Econ Calendar for week of 11/5/18

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

Screen Shot 2018-11-09 at 11.13.32 AM

EC3 key

Link to calendar: https://us.econoday.com/byweek.asp?day=5&month=11&year=2018&cust=us&lid=0

WTW

#CoveredCalls – Was hoping to be out of this today but another implosion so I’ll be holding longer. Receiving another 100 shares today from the Jade Lizard at a basis of 59.80.

Basis in overall position is now 58.15 so more work to do….

Sold WTW NOV 9 2018 51.0 Calls @ 1.15

SPX short expiration

Jeff be careful about these short expiration for now, the market is very unpredictable. It goes up +50 and then within either the day or next day it goes -50. It will be a successful trade once the market is settling down.

Higher or lower into the close?

SPX 1 DTE closed

#SPXcampaign Closed $SPX Nov 2nd 2665/2445 put spread for .40. This was trading at about 1.40 a few minutes ago. Not taking the chance of another 100-point down day, and .65 profit is fine for 1 day.

Sold the condor yesterday for 1.05. I’ll let the 2780/2800 call side expire.

Selling another one of these for Monday expiry at end of today.

#coveredcalls WDC All this talk…

#coveredcalls WDC

All this talk of selling calls against assigned stock-sold Nov. 16, 51 call for .46, dropping my basis into the 69s!

OLED

#BullPutSpreads #TradeRepair – Rolling my 123 puts out to an ITM put spread in Jan 2020. Already had a few there so this adds to it. It’s a 40 wide put spread. Selling a buck a week will cover the spread plus a little more. Maybe get lucky and the stock rallies next year too. Low margin and defined risk also helps.

Rolled OLED NOV 2 2018 123.0 Puts to JAN 17 2020 145.0/105.0 Bull Put Spreads @ 4.97 credit.

AAPL TEVA Earnings

#Earnings – Both max loss. A 3 lot and a 1 lot. Gave back a small portion of the STMP and BIDU winners.

Bought to Close 3 TEVA NOV 2 2018 18.5/20.0/21.5 Iron Flies @ 1.50 (sold for 1.17)

Bought to Close 1 AAPL NOV 2 2018 212.5/220.0/227.5 Iron Fly @ 7.45 (sold for 6.25)

TSLA weekly strangle

#ShortStrangle Sold to open $TSLA Nov 9th 320/365 strangles for 6.37

EXPE rolled the 126 puts…

EXPE rolled the 126 puts that expire today out 15 days for 1.85. Cb now 13.03 and have brought in $4750 in premium in 4 weeks on a 10 lot #fuzzy and still have 805 days left.

This is a good one for #pietrades but if they go wring converting to a #fuzzy also seems to work.

Hope everyone else has a good expiration and weekend 🙂

SBUX explodes

#Earnings Today’s up move is its biggest since April 2009… even the intraday high is biggest since that date.

Guess I picked the wrong day to trade it neutrally.

ANET closed

#Earnings BTC $ANET Nov 2nd 270 calls for .20. The 202.5/270 strangles sold yesterday for 2.025. I’ll let the puts expire.

OLED WTW

I’m out all morning but it looks like i know how to pick em. Gonna be a long slog of covered call writing on these two. Might be able to roll somewhere so I’ll check that when i get home.

Good luck!

 

AAPL post earnings

Sold:
$AAPL Nov 16 200/190 BuPS for 1.10
$AAPL Dec 21 195/185 BuPS for 1.40

AAPL closed

#Earnings BTC $AAPL Nov 2nd 205 puts for .20. Sold yesterday for 1.60. The 232.5 calls were sold for 1.12 (avg price) and I’ll let them expire.

EOG closed

#Earnings Sold to close $EOG Nov2/Nov9 106 #DoubleCalendar for 2.80. Bought yesterday for 1.90.

In other EOG news, this was the last of my #PreEarnings trades, all of which failed. My long 125 calls are worthless. Plain & simply, these ain’t gonna work if a correction hits. My mistake was entering most of these trades AFTER a downside warning hit. Lesson learned!

The win on the calendar makes me breakeven on EOG, so it’s a sunny day.

October Jobs Report

#Jobs Higher than expected.

+250,000 non-farm payroll jobs, vs. 190K expected
Unemployment at 3.7%, unchanged
U6 unemployment at 7.4%, down by 0.1
Wages up 0.2%, or 5 cents, 3.1% year over year, highest increase April 2009
Labor force participation 62.9%, up 0.2

September revised downward from 134k to 118k
August increased 270k to 286k