SOXL
STO SOXL May17’19 55 PUT $6.30
Monthly Archives: November 2018
#shortputspread SPXW STO Nov 21…
#shortputspread
SPXW
STO Nov 21 2645/2605 for $11.50,BTC $9.50, 15 minute trade – reversion to mean
#coveredputs #coveredcalls WYNN CLR CLR…
#coveredputs #coveredcalls WYNN CLR
CLR rolled Nov. 23, 46 put to Nov. 30, 46 put for .61, short shares at 45.94, stock at 44.43
WYNN sold Nov. 23 106 call .39 long shares at a painful basis, stock at 101.
TGT earnings
#Earnings #PreEarnings Well, this was my only attempt since early October at long calls leading up to earnings. Aaaaand, face plant.
Catching up on today’s trades
Took some profits on GTC orders.
Bought to close:
$DUST Dec 21 45 calls @ .35. Sold for 1.25 on 8/13.
$DUST Mar 15 2019 64 call @ .37 Sold for 2.10 on 8/23.
$PCG Nov 23 14 puts @ .06. Sold for 1.40 on 11/15 (thanks @optioniceman)
$WHR Dec 21 100 puts @ .48. Sold for 1.40-1.65 on 7/25.
$SFIX Dec 21 22 puts @ 1.30. Sold for 1.38 on 10/2. Taking off for around breakeven/small profit; will stand pat with the other rungs of the ladder I sold on 10/2–Nov 24 puts taken off for most of the max profit 2 weeks ago, and leaving the short Mar 15 18 puts out there, I decided to lower my exposure to this one a bit.
$NVDA has now been cut in half
From its early Oct highs
TQQQ calls closed
#LongLEAPs #SyntheticCoveredCalls
BTC $TQQQ Nov 23rd 50 calls for .15. Sold Thursday for 1.15.
#coveredcallcampaign Sold Dec. calls that…
#coveredcallcampaign
Sold Dec. calls that are covered on some stocks today (I know it’s a down day);
FEYE, JCI, GPOR, WDC, DDD, T, SKX, OIH
LABU
I am getting killed on this from mark to market.
STO December 7, 55 calls @ .92 on half my position but this covers my weekly nut of .15 cents. I can still sell the other half on a rally to earn more than my weekly premium when it does recover in the next 3 weeks.
SPX 1-dte
#SPXcampaign Stopped out on my 2685/2665 put spread for 3.75. Will roll into a longer term spread.
TRADES: Mostly sitting on my hands.
DBX BTO STOCK @21.5
DBX STO 11/23/18 21.5 CALLS @.50
BOIL UNG and nat gas…
https://www.zerohedge.com/news/2018-11-18/optionsellerscom-goes-dark-after-catastrophic-loss-event-natgas-short-squeeze
NFLX put spread
Another out of the money put spread on a stock heavily extended to the downside. Short strike 15 delta. Sold $NFLX Dec 21 225/215 BuPS @ 1.20.
#fuzzy GILD rolled 4 DTE…
GILD rolled 4 DTE 70/70 out to 25 DTE for 1.02 credit.
Cost basis now 10.31 and still have 112 weeks to manage.
Starting to agree with @fuzzballl, the extra time on these makes it a lot easier to ride out market volatility.
However, I am trying to trade them #pietrades style to keep cash coming in. Seems to work, I doubled my cash balance in the core account with just 2 trades this morning (was not much to start with, only $1100). But now I have enough to add some more contracts somewhere at better prices 🙂
AMZN put spread
Sold $AMZN Dec 21 1390/1385 BuPS @ 1.20. Did this trade in a couple of smaller accounts hence the tight spread of 5 points. I’ll likely have to hold this longer than if I sold let’s say a 20 point wide spread to get to my profit target, but I like what Tom Sosnoff would call the “pot odds” on this. A reversal and bounce here would probably run into some serious resistance in the mid 1600s but I’d probably be out of the trade by then. Recent low 1476; delta of the short strike is 21.
If you were lamenting not buying FB
2 years ago, this may be your chance. Stock getting close to where it traded at the beginning of 2017.
I’ll keep selling small put positions at lower prices and will look for a bull put spread opportunity on evidence of a reversal.
UVXY trades
#VXXGame Sold to Open $UVXY June 90/140 call spreads for 5.70.
Also, earlier, I bought 2 Dec 7th 110 calls for .26, which relieved over $5K in buying power.
CAKE DENN
A big down day except for The Cheesecake Factory and Denny’s-go figure
So much for the Santa Claus/holiday rally?!
Ouch on the /NQ.
Rolled EXPE 12 DTE 125 put out to 29 DTE for 0.65 credit. Cb now 12.33 on the 125/125/126 #fuzzy. I may actually roll it down later and take out some built up credit.
UNG
OLED
#ShortCalls – Re-loading….
Bought to Close OLED NOV 23 2018 108.0 Calls @ .05 (sold for 1.00)
Sold OLED NOV 30 2018 95.0 Calls @ 1.15
SQ calls closed
#LongLEAPs #SyntheticCoveredCalls
BTC $SQ Nov 23rd 74 calls for .12. Sold Thursday for 1.16.
Since I’m long LEAPs I kind of wish these calls didn’t devalue so quickly.
Sold KOLD
#ContangoETFs Sold $KOLD Dec 21st 12 put for 2.30.
TSLA condor
#IronCondor Sold to open $TSLA Nov 23rd 340/350/380/390 condors for 2.94. Expire Friday. This is a bullish placement… I actually meant to make it dead center but screwed up the put strikes. It does seem headed higher in honey-badger fashion.
#shortputs PCG Following Iceman’s concept,…
#shortputs PCG
Following Iceman’s concept, sold Dec. 7, 17 put for 1.10.
Expiration
Only one today.
LABU 75 calls against my 115 calls that expire in 2021. I will sell more on Monday.
Options Expiration 11/16/18
#OptionsExpiration A couple of losers this week:
$NVDA 185/180 put spreads, sold for 1.10 yesterday. Decided not to take stock due to heavy margin cost. I’ll get it back by making bullish plays, but wait for a better sign of QQQ and NVDA recovering.
$SPX long 284 calls. Bought for 1.71 average, back in the early days of this correction, where I was believing it would be a quicker “V” shaped October.
#shortputspread #rolling WYNN woes Beside…
#shortputspread #rolling WYNN woes
Besides being assigned shares at an outrageous basis, I have a Dec. 21 110/120 put spread that was meant to help me out, has been rolled up and out. Ex-div day is next week, don’t want any more underwater shares, so just in case I rolled to January and paid a debit of .50 for the privilege. Expanding the spread by 5 points would bring in about 2.50.
A short 110 call expires in a few minutes. I recommend they reprogram the slots and lower the payback rate.
KOLD put
#ContangoETFs Sold $KOLD Dec 13 put for 2.30. A safer bet since KOLD is closer to zero than the BOIL calls are to infinity.
SPX 1-dte
#SPXcampaign STO $SPX Nov 19th 2665/2685-2780/2800 condors for 1.15. Volatility the lowest of the week, so this is a much narrower condor than the previous one. I’m expecting it to be a low volume week, but those can sometimes result in fairly quick rallies.
#shortputs KOLD Sold Dec. 21,…
#shortputs KOLD
Sold Dec. 21, 11 put for 1.55.
#ironcondor BA TastyTrade idea, sold…
#ironcondor BA
TastyTrade idea, sold Dec. 21 300/305/370/375 for 1.36
SOXL
#ShortPuts #IRA – Replacing the 100 put closed earlier…
Sold SOXL JAN 18 2019 85.0 Put @ 6.80
BOIL call
#ContangoETFs Sold to Open $BOIL March 105 call for 6.80. Building back recent losses slowly.
SOXL
#CoveredCalls #ShortPuts – Out of the 100 put and now need a pullback for the 100 calls.
Bought to Close SOXL NOV 16 2018 100.0 Put @ .25 (sold for 3.50)
Short day BuPS and BeCS
STO SPX 19 Nov 2018 2635/2610 BuPS at 0.30
STO SPX 19 Nov 2018 2780/2795 BeCS at 0.50
#shortstrangles #fuzzy SLB Sold a…
#shortstrangles #fuzzy SLB
Sold a Nov. 30, 45/50 strangle for .72. I have a Jan. 21 #fuzzy, initiated last February, 21 call sales, the premium from put spread and long call are long gone, but I’ll make a little from selling short calls. I’ll take the stock if it drops to 45, ex-div in early Dec (thanks Iceman).
Econ Calendar for week of 11/19/18
Be sure to periodically click “Home/REFRESH” to keep Bistro features updated.
Link to calendar: https://us.econoday.com/byweek.asp?day=19&month=11&year=2018&cust=us&lid=0
TNA….threading the needle
#CoveredCalls #ShortPuts – Replacing some covered calls and still watching 60 strike short puts…
Bought to Close TNA NOV 16 2018 65.0 Calls @ .05 (sold for 2.00)
Sold TNA NOV 30 2018 65.0 Calls @ 1.55 (staying just prior to the G20 summit)
EWW
#LongCalls #LEAPS – Nice to see some of these over sales coming in…
Bought to Close EWW NOV 23 2018 45.0 Calls @ .04 (sold for .31)
Can not reply to posts
Jeff, I still can not reply to any post unless someone reply to it because I can not see the reply underneath it. Anyone has this problem?
#earnings #shortstrangles AMAT Yesterday sold…
#earnings #shortstrangles AMAT
Yesterday sold Dec. 21 , 29/39 strangle for 1.01, bought today for .61
#shortstock CAKE sold 100 shares…
#shortstock CAKE
sold 100 shares short of CAKE for 47.95
SPX 1-dte put closed
#SPXcampaign BTC $SPX Nov 16th 2630/2650 put spreads for .10. Condor sold for 1.15 yesterday. I’ll let the 2790/2810 call side expire. Selling one for Monday later today.
TQQQ
BTC January 2019, 40 puts @2.40, sold at 2.60. I want to free up some margin.
SVXY
STO November 30, 51 covered calls @.48 cents. Still chipping away at this position.
EXPE #fuzzy 125/125 7 DTE…
EXPE #fuzzy 125/125 7 DTE put rolled out to 28 DTE for 1.00 credit. Cost basis now 12.88.
Since this is a put spread if it keeps dropping I will roll it down to 120 or 115 soon and take out some credit.
As I said earlier in the weeks, spreads are easiest to manage at the moment, even easier than stock because you can adjust up and down.
Bonus day off and the weather is better, going to clear a trail then mt bike it.
Have a great weekend, I am done for the week.
NVDA
#ShortPuts #IRA – I’ve been waiting a long time to get a shot at this for some longer term covered calls. Going aggressive to hopefully get some stock. Staying small…just one contract here to go with the Dec 140 put sold quite awhile ago. Always great premium in this ticker for the call sales.
Sold NVDA DEC 21 2018 165.0 Put @ 12.25
Posted from row 27…LOL
NVDA puts
Sold $NVDA Dec 21 120 puts @ 1.25
EWW
#LongCalls #LEAPS – Late fill yesterday….
Bought to Close EWW NOV 16 2018 45.0 Calls @ .01 (sold for .41)
Anyone see Kiyosaki is getting into the options education business?
https://pro.agorafinancial.com/p/kwc_weeklycashflowsummit_1118/EKWCUB59/?a=13&o=98986&s=117946&u=8869615&l=1731639&r=MC2&vid=Zok-z8&g=0&h=true
GILD
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…
#shortcallspreads
AMZN
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!
#VXXgame
#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
SOXL
#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
On pace to be the first time natural gas has risen 15%+ on one day and declined 15%+ the day after. $UNG
— Bespoke (@bespokeinvest) November 15, 2018
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
BOIL UNG /NG
Crazy!
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.
#supercharger
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.
#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.
#pietrades
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!
LABU RTN SMH TQQQ WTW
#LongCalls #LEAPS – A few adjustments to bring in a little more (hopefully safely)….
LABU:
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
SMH:
Bought to Close SMH NOV 16 2018 98.5 Calls @ .05 (sold for .49)
Sold SMH NOV 23 2018 97.0 Calls @ .60
TQQQ:
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…
#shortcallspreads
AMZN
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.
Whiz….just missed him
LMAO….Whiz was leaving Vegas today after the trader’s expo and flew out on the airplane I brought in. Wish I woulda known ahead of time. Could have given him a link to the Bistro! 🙂 🙂
BTW…he was in coach. What the heck is that all about??
23 BUCKLEY EDWAR AC2 V MIA 29B
24 BUCKLEY SUSAN AC2 V MIA 29A
#shortcallspreads AMZN Still trying to…
#shortcallspreads
AMZN
Still trying to get this right. I sold a Nov 16 1650/1700 call spread for $5.90cr, added a 1650/1675 call spread for $4.50cr. AMZN was rallying to 1608. Even with daily spikes up $40 I should be safe with price at 1600 at close. Each day the price settles lower by end of day. It can be quite a ride in between though.
Options Bistro 