#LongCalls #LongPuts #LEAPS #CoveredCalls – Was out nearly all day but had a couple fills from standing orders and the beginning of another experiment 🙂

Bought to Close OLED NOV 23 2018 98.0 Calls @ .05 (sold for .65)

Bought to Close TQQQ NOV 30 2018 55.0 Calls @ .05 (sold for 1.19) re-load tomorrow hopefully…

Risk reduction on one contract taking the small loss…

Bought to Close TQQQ JAN 18 2019 40.0 Put @ 3.50 (sold for 2.50)


One of my most frustrating positions so going to try something. Converting the LABU long LEAP calls to long LEAP puts on LABD. The built in drag should help this and the call side was approaching massive whipsaw risk with sales so far below the LEAPS. New position is out to 2020 instead of 2021. Collect as much premium as I can between now and then and then see where it stands.

To establish the new position, I sold the calls and bought whatever puts were the same price and just rolled the basis to the new position. Long 25 strike puts now so will be selling above those but not nearly the whipsaw risk that the call side had.

Long story short…about 30 cents a week on a 5 lot is the goal. Hopefully can get most of that.

#fuzzies, #pietrades