Now the proud owner of shares in all the above via short puts. Buying weekly put flies and selling calls or call credit spreads to cover cost of put fly. Using profits to buy more shares on down days. So far so good. This strat is keeping me out of trouble and allowing me to focus on family for a while.
Daily Archives: Friday, November 23, 2018
Econ Calendar for week of 11/26/18
Link to chart: https://us.econoday.com/byweek.asp?day=26&month=11&year=2018&cust=us&lid=0
UVXY
VXX call closed
#VXXgame BTC $VXX Dec 21st 50 call for .77. Sold for 3.50 on July 11th.
SPX 1-dte sold
#SPXcampaign Sold to Open $SPX Nov 26th 2560/2580-2690/2710 for 1.15. Expires Monday.
SPX 1-dte closed
#SPXcampaign Closed $SPX 2600/2620/2705/2725 condors for .20. Sold for .95 on Wednesday.
REGN
#ShortCalls #BullPutSpreads – Still selling against Jan 2021 ITM bull put spreads to reduce basis if I eventually end up with the stock. Orders sitting at a nickel forever with no sign of a fill. Bumped it up just a little and filled. These were over sales against the position so risk reduction also.
Bought to Close REGN NOV 30 2018 387.5 Call @ .15 (sold for 1.80)
Bought to Close REGN NOV 30 2018 390.0 Call @ .10 (sold for 2.50)
EWW
#LongCalls #LEAPS – Booking and selling a little more and while this thing is in the crapper I’ll pay a buck for another year of selling…
Bought to Close EWW NOV 30 2018 44.0 Calls @ .02 (sold for .40)
Sold EWW DEC 21 2018 43.5 Calls @ .40
Rolled EWW JAN 17 2020 49.0 Calls to EWW JAN 15 2021 49.0 Calls @ 1.10 debit
Rolling WTW
Rolled $WTW Nov 23 50 puts down and out to Dec 21 49 puts @ 1.30 credit with the stock at 47.95. Total premium taken in now 2.60 so my breakeven has been reduced to 46.40.
Music to watch the ticks by
A classic for a dull trading day…
Only 1 trade today
#fuzzy
EXPE rolled the 125/125 put spread down to 120 for net debit of 0.95 bringing cost basis up to 13.18. Fair trade off as I can collect more credit on rolls now ans still have 111 weeks to manage. It was too far ITM to collect any decent credits on rolls.
Happy Thanksgiving everyone!
Going to burn off some of these calories now.
Options Bistro 