Happy New Year!

Good riddance to trading in 2018. I survived but given the SVXY melt down in Feb. and the last 3 months did not make any money, in fact flat for the year at the same levels I dropped to in Feb. Some accounts up a little, some down but the total portfolio basically flat.

However, as much as I thought I knew I learned a lot more, thanks to a lot of people on this site.

Some fairly decent changes and adjustmentswill be made to my trading for next year. The biggest changes will be changing my directional bias early, always keeping a portfolio hedge (but not until VIX drops and options are cheaper) and bringing in more income with proven strategies.

You will see a lot more #lizardpies using either straddles or strangles depending on the ticker, #unhingedfuzzies, #spycraft will be resurrected but with a hard rule for adjustments based on deltas/gamma, and a lot more synthetic trades to capture directional moves. This may include #riskreversal or outright #synthetics.

Cheers to a new year, new opportunities, and the collective ideas of the group making us all more successful traders!


Happy New Year

Happy 2019

Thanks for all the great learning during the year.

Health Happiness and Peace to All


#LongCalls #LEAPS – Made it in just in time for a couple trades…

Bought to Close RTN JAN 4 2019 175.0 Calls @ .04 (sold for .62 as BeCS)
Sold RTN JAN 18 2019 165.0/175.0 Bear Call Spreads @ .60

WTW: Should be before earnings…
Sold WTW JAN 18 2019 44.0 Calls @ .85

WYNN: No new sales…closed some extras
Bought to Close WYNN JAN 4 2019 115.0 Calls @ .05 (sold for 1.55)

Happy New Year!!

VIX indicator

@jeffcp66, does the SPX have to make new highs to cancel a downside warning? If so, it’s a long way to cancelling the downside.

SPX 1-dte

#SPX1dte Sold $SPX Jan 2nd 2380/2400/2570/2590 condors for 1.10.


SFIX STO 1/4/18 17.5 CALLS @.35

BOIL out

#ContangoETFs Closing out the year by closing out final $BOIL positions. Was forced out of Jan 45 short calls by the spike higher… made some back with rolls, but still at a loss overall. I will reserve this symbol for large seasonal spikes in the future.

Closed BOIL Mar 50 call for .90. Sold for 4.15.
Closed BOIL June 66 call for .70. Sold for 7.20.