Anyone see Kiyosaki is getting into the options education business?


Added batch 2 in a different account that had some cash left.
#fuzzy 70 2021/70 8 DTE for 11.33. 113 weeks to hopefully sell against.

Market still whippy. Picked up kids and /NQ down 50+ from the highs.

NVDA earnings trade

#Earnings Sold to Open $NVDA Nov 16th 185/180 put spreads for 1.11. Short strike is -7.7% OTM, and NVDA biggest downside move was -5.3% (in last 12 quarters)

#shortcallspreads AMZN Well I managed…

Well I managed to short at the bottom again.
BTC Nov 16 1685 call for $41, sold this morning at $8.20, waited to close long side STC 1640 for $6.75, bought 0.70.

This was a small portion of my position as I see price dropping precipitously. At least I learned not to sell all when pain is intense. Next, learn to pass when price moved dramatically, unless brave enough to go against trend and keep it small initially.

SPX 1-dte action

#SPXcampaign Everything just started happening on this spike down. Multiple orders filled:

BTC $SPX Nov 15th (monthlys) 2765/2785 call spreads for .30. Puts closed earlier for .05. Condor sold yesterday for 1.05. Removed overnight gap risk.

Sold to Open $SPX Nov 16th 2630/2650/2790/2810 condors for 1.15. The volatility bump got me filled. Mid-price said only .80 a few minutes ago.

Also: Bought to Open $VIX Jan15th 16 puts for .75. My Nov puts didn’t work, my Dec puts might, and now I have Jan!

#coveredputs CLR Yesterday I sold…

#coveredputs CLR

Yesterday I sold 100 shares short of CLR for 45.94. Chart one up for #impeccabletiming, it is up 1.50 today. Sold a Nov. 23, 46 put for .60. Seems to be a lot of premium in the options, IV is pretty high, we’re past earnings and no dividends.

#earnings NVDA AMAT NVDA sold…

#earnings NVDA AMAT
NVDA sold Dec. 21, 125/135/255/265 #ironcondor for 1.02
AMAT sold Dec. 21, 29/39 #shortstrangles for 1.01
Thanks for the data Jeff


#ShortPuts #IRA -This thing can go anywhere so taking risk off a day early….

Bought to Close SOXL NOV 16 2018 90.0 Put @ .20 (sold for 5.10)

/NQ chop fest.

Tried to take a few more directional trades, entered at nice signals on my tools, absolute reversals on every signal even going to a 5 minute chart and signals. Swinging from -40 to + 52 in a matter of minutes. After loosing $900 for the day am done with the directional trades, at least on /NQ.

/ES not a whippy but still staying away from picking a direction until it is obvious on a daily chart again.

Boiling over, then under

Covered Calls

#SyntheticCoveredCalls Selling calls against #LongLEAPs
Sold $TQQQ Nov 23rd 50 calls for 1.15
Sold $SQ Nov 23rd 74 calls for 1.16

AMZN BeCS day trading

STO AMZN 16 NOV 2018 BeCS 1640/1645 at 0.30

SPX BeCS day trading

STO SPX 16 NOV 2018 (Weekly) BeCS 2760/2765 at 0.30



SPX moves

#SPXcampaign BTC $SPX 1-dte Nov 15th (monthlys) 2580/2560 put spread for .05. Order in to close 2765/2785 call spread for the same. Condor sold yesterday for 1.05. Cannot allow to expire because these monthlys settle tomorrow morning, and a gap could kill you.

I will be selling another one for tomorrow afternoon expiration.

Also, stopped $SPX Nov 23rd 2650/2630 put spreads for 5.25. Condor sold as a roll last week for 2.80. Will look into a new roll. I stopped this out after this morning’s dip… it looks now like that may have been a bottom, at least for short term. At least, I waited to close after the bounce was well underway.

AMAT earnings analysis

#Earnings $AMAT reports tonight. Below are details on earnings 1-day moves over the last 12 quarters.

Aug. 16, 2018 AC -7.71%
May 17, 2018 AC -8.24% Biggest DOWN
Feb. 14, 2018 AC 3.89%
Nov. 16, 2017 AC -2.33%
Aug. 17, 2017 AC 2.73%
May 18, 2017 AC 0.38%
Feb. 15, 2017 AC -0.87%
Nov. 17, 2016 AC 0.03%
Aug. 18, 2016 AC 7.08%
May 19, 2016 AC 13.81% Biggest UP
Feb. 18, 2016 AC 7.04%
Nov. 12, 2015 AC 4.29%

Avg (+ or -) 4.87%
Bias 1.68%, positive bias on earnings.

With stock at 34.20 the data suggests these ranges.
Based on current IV (expected move per TOS): 31.62 to 36.78
Based on AVERAGE move over last 12 quarters: 32.55 to 35.89
Based on MAXIMUM move over last 12 Q’s (13.8%): 29.49 to 38.95

Open for requests on other symbols.

All I want for Christmas…

All I want for Christmas is a Santa Claus rally 🙂

Adjustments, just doing my best to bring in income to offset the continued chaos.

TQQQ 40/45 BTO for 4.50 sold for 3.75. Trying to keep this account from being wiped out so taking a small loss before it became worse. Going long term with what’s left on a GILD #fuzzy.

GILD 2021 67.5/69 next week for 11.92. Have 113 weeks to manage.
EXPE 125/125/126 rolled the 1 DTE 126 out to 15 DTE for 1.00. CB now 13.88 and as above 113 weeks left.
XBI 2020 80/85 15 DTE rolled down to 80 at 43 DTE for 1.91 credit CB now 14.63. 61 weeks left to manage.

LNG 63 cc tomorrow rolled out 43 DTE and down to 61 for 1.97 credit. Cb now 59.27.

Bizarrely MU is up, go figure?!
As @kathycon said below, market is defying all patterns and seasonality this year, not quite and exact quote but close. Does the VIX need to spike to 50 before the selling is done? Who knows, trade smart, preserve capital, there will be big opportunities soon enough.

If the whippy settles down later my try some directional trades before the day is over.

Good luck, stay safe!


#LongCalls #LEAPS – A few adjustments to bring in a little more (hopefully safely)….


Rolled LABU DEC 7 2018 65.0 Calls to DEC 7 2018 55.0 Calls @ .61 credit

RTN: Replacing this week’s expiration.

Sold RTN NOV 30 2018 187.5/197.5 Bear Call Spreads @ 1.08


Bought to Close SMH NOV 16 2018 98.5 Calls @ .05 (sold for .49)
Sold SMH NOV 23 2018 97.0 Calls @ .60


Rolled TQQQ NOV 30 2018 57.5 Calls to TQQQ NOV 30 2018 52.5 Calls @ .73 credit

WTW: Double selling with stops on previous sales.

Sold WTW NOV 30 2018 52.0 Calls @ .70

#shortcallspreads AMZN Very busy first…

Very busy first hour BTC 1650 calls for 3.60, sold for 7.82. Roll down to 1590 for 17 cr.
Next sold back 1700 calls for 0.75, bot 1.91 yesterday. Roll down to 1640 at 3.95.
Finally sold BeCS Nov 16 1585/1640 for 7.60, a bit early but looking good now.
The day (8AM) opened at 1608 and when I made most of my trades (9:45) the price was 1580’s. Presently 1558.

#earnings #closing #shortstrangles CSCO Yesterday…

#earnings #closing #shortstrangles #shortstraddle CSCO TEVA
CSCO Yesterday sold Dec. 41/49 strangle for 1.15, bought today for .74
TEVA October 31, sold a Nov. 20 straddle, had rolled the call to Dec. closed today for a grand total profit of $8.95 on the last couple day’s descent.

#coveredcalls NKTR Sold Dec. 21,…

#coveredcalls NKTR
Sold Dec. 21, 45 call for .50, stock at 36.50.

#assignment NKTR I’m starting t…

#assignment NKTR
I’m starting to get a little tired of this, assigned 100 shares of NKTR from a Dec. 60 put, cost basis of 52.61.

NVDA earnings analysis

#Earnings $NVDA reports tonight. Below are details on earnings 1-day moves over the last 12 quarters.

Aug. 16, 2018 AC -4.90%
May 10, 2018 AC -2.15%
Feb. 8, 2018 AC 6.69%
Nov. 9, 2017 AC 5.26%
Aug. 10, 2017 AC -5.32% Biggest DOWN
May 9, 2017 AC 17.82%
Feb. 9, 2017 AC -2.37%
Nov. 10, 2016 AC 29.80% Biggest UP
Aug. 11, 2016 AC 5.59%
May 12, 2016 AC 15.20%
Feb. 17, 2016 AC 8.60%
Nov. 5, 2015 AC 13.85%

Avg (+ or -) 9.80%
Bias 7.34%, strong positive bias on earnings.

With stock at 200.00 the data suggests these ranges.
Based on current IV (expected move per TOS): 179.14 to 220.86
Based on AVERAGE move over last 12 quarters: 180.41 to 216.59
Based on MAXIMUM move over last 12 Q’s (29.8%): 140.40 to 259.60

NOTE: the max move down (-5.3%) is dwarfed by the max move up (+29.8%).

Open for requests on other symbols.