#LongCalls #LEAPS – Filled on a batch of the over sales. Looking to sell ’em again tomorrow either for the double dip next week or the week after…
Bought to Close WYNN DEC 21 2018 120.0 Calls @ .05 (sold for 1.16)
#LongCalls #LEAPS – Filled on a batch of the over sales. Looking to sell ’em again tomorrow either for the double dip next week or the week after…
Bought to Close WYNN DEC 21 2018 120.0 Calls @ .05 (sold for 1.16)
#SPX1dte Expiring: $SPX Dec 17th 2500/2520-2665/2685 condors. Sold Friday for 1.05.
Also, stopped $SPX Jan 17th 2420/2400 put spreads for 3.65, since expected move breached my short puts. These were sold as a roll from a stopped #SPX1dte spread (sold condor for 3.00 on Nov 20). With one roll down of the call side, I’m getting out of this with only a .20 profit (or basically breakeven after commissions). Will look to roll into a new condor later this week.
Bought more $SPX Dec 28th long 2700/2720 call spreads for .85 (first batch bought this morning for 1.80). With a double position it is easier to sell half at a decent profit and let the other half ride as long as I can. After today’s action the only thing I can be playing for is a rally after we get the Fed meeting out of the way. And by rally, I don’t mean much higher than 2700 before we probably resume the downtrend.
#VXXGame We just exceeded the 10/29 high of this correction on $UVXY.
The $VIX is still 3 points below its correction high set on 10/11.
We are setting up today to hit our 7th downside warning in this correction.
#ContangoETFs Closed the last of my $BOIL Jan 45 calls for 3.30. I’m underwater despite a few rolls, but this is closest to the money that I had. I want to be ready should we get another winter push higher.
#LongLEAPs #SyntheticCoveredCalls
BTC $TQQQ Dec 21st 49 calls for .10. Sold for .90 on Thursday.
BTC $SQ Dec 21st 66 calls for .10. Sold for .84 on Thursday
meant to post these on friday, will try to post wednesday’s trade plan today.
#contangoetfs BOIL
Down below 38 today
#SPXcampaign #SPX1dte Bought to open $SPX Dec 28th 2700/2720 call spreads for 1.80. Looking for a trickle higher into the end of the year.
…but so far, still waiting…
$SPX: clean tag of lower trend line as support.
New lows show a positive RSI divergence.
If this trend line holds and the structure plays as a falling wedge a very sizable rally could emerge.
Previous breakout attempt failed.
Targets would include MA reconnects. pic.twitter.com/9UrAfk889d— Sven Henrich (@NorthmanTrader) December 17, 2018
At the lows, do we finally get a Santa rally or drive further off the cliff.
I would not mind the seasonal Santa rally but so far has not looked like it is going to happen.
Trade smart and don’t drink too much eggnog!
#ContangoETF’s While short puts continue to decay (very slowly), closed $SOXL Feb 150 call for .90. Sold for 4.50 on Dec 3rd. I’ll sell more calls on any rally.
#Earnings $ORCL reports tonight. Below are details on earnings FIVE-day moves over the last 12 quarters, since expiration is 4 days away on Friday.
**** FIVE-DAY moves ****
Mon 09/17/2018 AC 3.90%
Tue 06/19/2018 AC -4.68%
Mon 03/19/2018 AC -13.79% Biggest DOWN
Thu 12/14/2017 AC -4.74%
Thu 09/14/2017 AC -8.99%
Wed 06/21/2017 AC 9.77% Biggest UP
Wed 03/15/2017 AC 5.06%
Thu 12/15/2016 AC -4.55%
Thu 09/15/2016 AC -4.38%
Thu 06/16/2016 AC 3.49%
Tue 03/15/2016 AC 7.07%
Wed 12/16/2015 AC -6.39%
Avg (+ or -) 6.40%
Bias -1.52%, negative bias on earnings.
With stock at 46.70 the data suggests these ranges into Friday’s expiration.
Based on current IV (expected move per TOS): 43.62 to 49.78
Based on AVERAGE move over last 12 quarters: 43.71 to 49.69
Based on MAXIMUM move over last 12 Q’s (13.8%): 40.26 to 53.14
Open for requests on other symbols.
Another ugly day in the market.