PCG 17 puts expiring, thanks…

PCG 17 puts expiring, thanks @optioniceman

Why I sell options-last 2…

Why I sell options-last 2 days whipsaws, dow down 800 points yesterday, recovered. Today down another 485. All of my tickers are down but because of theta decay my core account is up. Wrong on direction but still making money.

I salute those of you that successfully trade directionally but these are the times that make me realize that being the house always wins in the long run!

However, some stability would be nice…….have a great weekend.

UVXY spread

#VXXGame Sold $UVXY Dec 21st 50/60 call spreads for 7.00. Adding to my position I started for 4.35. This is entirely ITM, but I feel volatility will be quieting into Christmas, and a drift back below 50 in reasonable to believe in 2 weeks. Even without a true Santa Claus rally this can happen. Looking at the VIX and UVXY today, they’ve been drifting lower this afternoon, even as SPX continued lower. If I am wrong, it’s manageable as a spread.

SPX 1-dte

#SPX1dte Sold $SPX Dec 10th 2490/2510-2710/2730 condors for 1.00. Expire Monday. Filled on spike higher. If I were selling now I would shift the whole thing higher.

DUST

#LongPuts #LEAPS – Stopped out at even on some extra sales against the long puts. I’ll reconsider if it bounces but appears to be breaking the 200ma today.

Bought to Close DUST DEC 14 2018 26.0 Puts @ .42 (sold for .43)

Econ calendar for week of 12/10/18

Be sure to periodically click “Home/REFRESH” above to keep Bistro features updated.

Screen Shot 2018-12-14 at 10.21.19 AM

Screen Shot 2018-12-07 at 10.40.02 AM

Link to calendar: https://us.econoday.com/byweek.asp?day=10&month=12&year=2018&cust=us&lid=0

Took FIVE

#Earning Sold $FIVE Dec 7th 98 puts for 1.30. That worked nicely.

Sold 100/98 spreads for .65.
Bought to close 100 puts for .55
Sold to close 98 puts for 1.30.

Total profit 1.40.

TQQQ

In my IRA, BTC a partial of the December 21, 61 covered calls @.05 cents, sold at 2.30

UNG

#LongPuts #LEAPS – Natty gas bouncing a little today. That’s good….hopefully have put cost covered by spring.

Bought to Close UNG DEC 14 2018 30.0 Puts @ .05 (sold for .80)
Sold UNG DEC 21 2018 32.0 Puts @ .45

Added a few longs:

Bought UNG JAN 17 2020 28.0 Puts @ 3.10

DJI

Down 400 points. I wonder if we will see down 800?

AMAT DUST WTW WYNN

#LongCalls #LongPuts #LEAPS – A few rolls and new sales…

AMAT: Giving it some room. Close to being out of this one so being careful.

Sold AMAT JAN 18 2019 39.0/44.0 Bear Call Spreads @ .31

DUST: Rolling a couple puts down sold against more long puts

Rolled DUST DEC 14 2018 34.0 Put to JAN 4 2019 33.0 Put @ .02 credit
Rolled DUST DEC 14 2018 33.0 Put to JAN 4 2019 32.0 Put @ .17 credit

WTW:

Bought to Close WTW DEC 7 2018 50.0 Calls @ .05 (sold for 1.95)
Sold WTW DEC 14 2018 49.5 Calls @ 1.15

WYNN:

Bought to Close WYNN DEC 7 2018 115.0 Calls @ .03 (sold for 1.13)
Sold WYNN DEC 21 2018 120.0 Calls @ 1.16

#earnings #shortstrangles LULU Bought LULU…

#earnings #shortstrangles LULU

Bought LULU strangle for .26, sold yesterday for 1.29.

TRADES:

AMD STO 12/14/18 22.0 CALLS @.38
WLL STO 12/14/18 28.0 PUTS @.37
WLL STO 12/14/18 33.5 CALLS @51

FIVE closed

#Earnings Bought to close $FIVE 100 puts for .55. The Dec 7th 100/98 put spreads were sold for .65 on Tuesday. Two days in a row we rose to over 106 in the morning, and then collapse to 100 or lower. Didn’t think it would happen twice so I didn’t close earlier. If we get another dump like yesterday, I can sell the 98 longs for fat profit.

SPX 1-dte

#SPX1dte Bought to close 2600/2575 put spreads for .10. Will close call spreads for .05.

TQQQ

BTC December 28, 40 puts @ .80, sold yesterday at 1.70

Over on SMM,Gartman

Fox business said he hit Job number projecting yesterday 155,000. His projection came true. Still bearish on stocks, same view as last 6 months. Would not put new money in market.

November Jobs Report

#Jobs Lower than expected.

+155,000 non-farm payroll jobs, vs. 198K expected
Unemployment at 3.7%, unchanged
U6 unemployment at 7.6%, up by 0.2%
Wages up 0.2%, or 6 cents, 3.1% year over year
Labor force participation 62.9%, unchanged

October revised down from 250k to 237k
September revised up from 119k to 134k