#LongCalls #LongPuts #LEAPS #CoveredCalls – Out most of the afternoon but managed to sell pretty hard into the morning rally. Sell the rip until it quits working…

Bought to Close REGN DEC 21 2018 397.5 Call @ .10 (sold for 2.10)
Sold REGN DEC 28 2018 385.0 Call @ 2.20

Sold RTN JAN 4 2019 175.0/185.0 Bear Call Spreads @ .62

Bought to Close SMH DEC 21 2018 94.5 Calls @ .07 (sold for .58)
Sold SMH JAN 4 2019 94.0 Calls @ .55

SOXL: Covered but didn’t get a chance to sell a new batch…
Bought to Close SOXL DEC 21 2018 100.0 Calls @ .10 (sold for 12.35)

Bought to Close TNA DEC 28 2018 60.0/70.0 Bear Call Spreads @ .06 (sold for .91)
Sold TNA JAN 11 2019 55.0 Calls @ .82

TQQQ: Some covered and some against LEAPS…
Bought to Close TQQQ DEC 21 2018 46.0 Calls @ .05 (sold for .82)
Bought to Close TQQQ DEC 21 2018 48.0 Calls @ .05 (sold for 2.05)
Sold TQQQ JAN 4 2019 47.0/52.0 Bear Call Spreads @ .63
Sold TQQQ JAN 4 2019 45.0 Call @ 1.60
Sold TQQQ JAN 18 2019 45.0 Calls @ 1.65

Rolled UVXY DEC 28 2018 57.5 Puts to DEC 28 2018 65.0 Puts @ 1.46 credit
Sold UVXY DEC 28 2018 60.0 Puts @ 1.55
Sold UVXY DEC 28 2018 62.5 Puts @ 1.60

Sold WTW JAN 4 2019 46.0 Calls @ 1.00

WYNN: Some covered and some against LEAPS…
Sold WYNN JAN 11 2019 114.0/124.0 Bear Call Spreads @ 1.05
Sold WYNN JAN 11 2019 110.0 Call @ 2.18
Bought to Close WYNN DEC 21 2018 110.0 Call @ .05 (sold for 3.25)

Bought to Close XBI DEC 28 2018 81.5 Calls @ .02 (sold for .40)
Bought to Close XBI DEC 28 2018 82.5 Calls @ .01 (sold for .51)
Sold XBI JAN 4 2019 77.0/82.0 Bear Call Spreads @ .71)

UVXY spreads

#VXXgame I had sold $UVXY 50/60 Dec 21st call spreads(for 4.35 and 7.00) in belief volatility would be calmed going into Xmas. Wrong.

On one account, I was assigned short stock at 50.00. I sold the long 60 calls for 12.60 today, and covered stock f0r 71.10, meaning out of the spread for 8.50.

On the other accounts trying to close one of the spreads for 9.30 but not getting filled. I’ll see if assigned tonight and deal with closing on the swings tomorrow.

I take it FOMC was…

I take it FOMC was not good. Away from my desk for a few hours and everything green turned red, very Christmasy!


SPX 1-dte

#SPX1dte Sold $SPX Dec 20th (monthlys) 2360/2380-2585/2605 condors for 1.30. Stop trading at 4:15pm tomorrow, settle Friday morning. I will close the trade during trading hours tomorrow.

Shorts are 205 points apart.

SPX trades

#SPXcampaign #SPX1dte

Before the announcement:
Bought to Open $SPX Dec 20th (monthlys) 2650/2670 call spreads for 1.20. This was betting on an explosion higher, and perhaps a quick double into tomorrow. So far, not looking good.

After the announcement
Sold to open Feb 14th (monthlys) 2300/2280 put spreads for 1.95. Partial roll from January spread stopped earlier this week.

Looking to sell the 1-dte trade in the next hour.


UVXY STO 12/21/18 71.5/74.0 BeCS @.55. Break Even Stock Price indicator in TOS is my stop.

MU #fuzzy Rolled the 40/40…

MU #fuzzy

Rolled the 40/40 down to 35/35 for debit of 2.10 then credit of 0.88 so cost basis now 15.13. Its a dog but weekly premium is good so I thought I would stick with. Have 108 weeks to break even or hopefully make some money on it.

MU and WDC both went from being my best perforning tickers all year to my worst in just 10 weeks.

SPX 1-dte

#SPX1dte Closed $SPX 2435/2415 put spreads for .15. Looking to close call side on a pullback. If none comes I will stop out when condor is near breakeven.

Not advertising here and I…

Not advertising here and I am not getting anything out of this but some local trader friends wanted the Alphashark market tide indicator. I spoke with Bryan who developed it and negotiated a deal. First copy $299 but any additional copies for $249 and no limit. It retails for $999 on their website. I have been using it for 2 months now and would gladly pay retail now that I know how well it works.

Here is a screen shot with just the indicator and a market profile.


He did not want me just randomly posting the link so if you want it send me an email or let me know here and I will send you the special purchase link for the discount.

Cheers, Chris