#shortstock DENN
These are interesting times to be trading. I have just a few short stock positions, one being Denny’s that I shorted at 13.91, now UP to 16.23. I’ve lamented this before, I know I’m repeating, but in a seemingly bear market, can’t Denny’s participate even a little?
After figuring out a rough number of how many want the tool Bryan has given the go ahead.
Just send him an email directly. Bryan Klindworth and his email is bryan@alphashark.com. Tell him you want the tool and the special pricing and are from the Options bistro. They will then give you a special link to purchase at the discount.
Not sure how long he will leave it up.
Can install in a few minutes on TOS and there are also recordings of mentoring sessions.
The only catch is the first person to buy it has to spend $299. Everyone after that gets it for $249.
Happy Trading! You directional guys will probably love this but it only works on time charts, not ticks or range charts. Just something to be aware of.
Merry Christmas, think I am done until next Thurs.
Just saw this fill from earlier.
Bought to close $DUST Mar 15 2019 40 calls @ .90. Sold for 2.00 on 7/27.
Taking the >50% off 4 months early.
Getting more aggressive in closing profitable positions now just because of how the exploding volatility has made a huge dent in buying power.
#SPXcampaign Sold to open $SPX Dec 21st 2355/2375-2550/2570 condors for 1.05.
Hoping I’m not too early but just sold $BA Jan 18 295/290 BuPS for 1.20 credit. Short strike is below the stock’s big low on 11/20.
…and we get a 30-point SPX bounce… is that what everyone was waiting for to buy?
#LongCalls #LongPuts #LEAPS #CoveredCalls – Managed to get a few more sold this morning. LEAPS are obviously struggling but getting some good basis reduction done on the 2021 positions. UVXY puts paying nicely so will receive the full benefit of those sales when it finally pulls back and the long puts start helping out. Nat gas short helping also…
DG:
Bought to Close DG DEC 21 2018 109.0 Calls @ .05 (sold for .60)
Sold DG JAN 25 2019 110.0 Calls @ .70
MO:
Sold MO JAN 11 2019 52.5 Calls @ .32
REGN:
Sold REGN JAN 4 2019 385.0 Call @ 2.30
SMH:
Sold SMH JAN 11 2019 91.0/96.0 Bear Call Spreads @ .71
SOXL:
Sold SOXL FEB 15 2019 95.0 Calls @ 7.00
TNA:
Bought to Close TNA DEC 21 2018 54.0 Calls @ .04 (sold for .62)
Sold TNA JAN 11 2019 50.0 Calls @ .90
TQQQ:
Bought to Close TQQQ DEC 28 2018 52.0 Calls @ .05 (sold for .72 as BeCS)
UVXY:
Bought to Close UVXY DEC 21 2018 62.5 Puts @ .05 (sold for 1.60)
Bought to Close UVXY DEC 28 2018 60.0 Puts @ .25 (sold for 1.55)
Sold UVXY JAN 4 2019 62.5 Puts @ 1.80
Sold UVXY JAN 4 2019 65.0 Puts @ 1.77
Average S&P 500 stock is now
D
O
W
N
over 25% from its 52-week high. https://t.co/RXsMXKjJaR pic.twitter.com/Ov9xJk0h6R— Bespoke (@bespokeinvest) December 20, 2018
Anyone know where the T2108 is trading?
Just converted the SQ trade below into a jade lizard. STO the 55.5/56.5 ccs for 0.44 credit. No upside risk if we rebound and lower break even now 52.08. Widens out the break even on the downside, no risk to upside.
VIX spiking
Lots of adjusting but not making anything, just staying flat. Brutal market, I am officially only 2 k above where I was Feb 2018 after the SVXY losses. Obviously need to change what I am doing, need more directional trading as income investing cannot keep up with 10-20% moves. 2018 is going down as a worse year than 2015. Hope everyone else is doing better than surviving. Even the increased volatility is making it hard to roll.
#pietrades
SQ STO the 56.5 8 DTE put for 1.11. CB 55.38 if assigned but I am most likely going to roll it. Actually it is now down 3+ and will roll it now. Moved to 55.5 15 DTE for 0.22 credit. Break even now 52.52.
LNG 61 cc rolled out to 15 DTE for 0.61 credit. Cb 58.10
TQQQ lot 1 60 cc rolled down to 50 cc 43 DTE for 0.80 credit. Cb 58.10
TQQQ lot 2 60 cc rolled down to 50 cc and 43 DTE for 0.70 credit cb 57.60
LNG lot 2 15 DTE 61 cc cb 59.27
#fuzzy
EXPE 125/126 rolled 43 DTE for 0.55 credit. cb now 12.23
EOG 110/110 rolled out 43 DTE for 0.4 credit. cb 11.44
GILD 67.5/69 rolled out 43 dTE for 0.69 credit cb now 8.90
May plan going forward. The now deep ITM #fuzzy will roll the short options out to 43 dte then reset after every 3 weeks. Hope to keep chipping away and if the delta/gamma becomes too large to roll for credits will either close or roll up/down. As long as I can gain 0.4 every 3 weeks will run them to expiration. Still have 108 weeks on most.
For the #pietrades that are below cost basis will aggressively roll up at any sign of rebound to avoid being run over and locking in a loss.
As cash builds from the rolls may either sit on it or add to weekly #pietrades depending on what the market is doing. However I think getting short here is stupid. Any progress on a trade deal with China and I think we rebound big time. Not to get political, but I think the GOP is starting to see how bad tariffs are (layoffs, increased costs, and now crashing market) and to keep their jobs will pressure to get a deal done.
Trade smart or sitting on the sidelines for a while is also a viable option. Wish I had just kept my hedges on, I would be pulling out huge amounts of cash now. Another expensive lesson learned.
#SPX1dte Closed entire condor, $SPX Dec 20th 2360/2380-2585/2605 for .30. Sold yesterday for 1.30.
At the end of today, I will sell a new one for tomorrow’s PM expiration.
#Earnings $NKE reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Sept. 25, 2018 AC -1.28%
June 28, 2018 AC 11.12% Biggest UP
March 22, 2018 AC 0.32%
Dec. 21, 2017 AC -2.28%
Sept. 26, 2017 AC -1.91%
June 29, 2017 AC 10.96%
March 21, 2017 AC -7.05% Biggest DOWN
Dec. 20, 2016 AC 0.98%
Sept. 27, 2016 AC -3.77%
June 28, 2016 AC 3.84%
March 22, 2016 AC -3.79%
Dec. 22, 2015 AC -2.36%
Avg (+ or -) 4.14%
Bias 0.40%, no significant bias on earnings.
With stock at 69.00 the data suggests these ranges:
Based on current IV (expected move per TOS): 64.42 to 73.58
Based on AVERAGE move over last 12 quarters: 66.14 to 71.86
Based on MAXIMUM move over last 12 Q’s (11.1%): 61.33 to 76.67
Open for requests on other symbols.
#earnings COST ADBE
Sold Dec. 21 5 wide #ironcondors, closed the put spreads for max loss on COST, 3.20 on ADBE.
Options Bistro 