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!

Chris

Happy New Year

Happy 2019

Thanks for all the great learning during the year.

Health Happiness and Peace to All

RTN WTW WYNN

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

RTN:
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.
#vixindicator

SPX 1-dte

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

A TRADE:

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.

GILD #fuzzy. Rolled the 70/70…

GILD #fuzzy. Rolled the 70/70 18 DTE out to 39 DTE for 0.56 credit this morning at the open. Cb now 8.48.

#OT Just popping in to…

#OT Just popping in to wish everyone a Happy New Year. I hope this crazy market hasn’t drive any of you stark raving mad. I’m still enjoying my sabbatical though missing the market interactions more and more. If you are into out of this worldly events check out the New Horizons fly by of Ultima Thule. Pictures some time around 11AM tomorrow. Have a great safe one and see you some time in 2019.

A TRADE: Added

ROKU BTO STOCK @30.56

Best and Worst

https://platform.twitter.com/widgets.js

SPX 1-dte

#SPX1dte Closed both shorts for .05 each. Waiting for last hour to sell for Wednesday’s expiration.

TRADES:

AMD BTC 1/4/18 15.5 PUTS @.03
AMD STO 1/11/18 16.5 PUTS @.43
AMD BTO STOCK @18.0
DBX STO 1/4/18 20.5 PUTS @.60
ROKU STO 1/4/18 29.0 PUTS @.60
ROKU STO 1/4/18 31.0 PUTS @1.41
ROKU BTO STOCK @30.25
The NTM, ATM Puts are risky, I use them in a certain strategy, and don’t want to lead anyone astray.
A Happy, Healthy and prosperous New Year, to one and all. HONKHONK

FB put spread

Sold $FB Jan 18 125/120 BuPS @ 1.15. May consider taking assignment with a basis below 125 if it goes down there again in the next 2 weeks. Sold in IRA accounts.

Closing some BOIL

Have orders in to close some of these. This one filled:
Bought to close $BOIL Jan 18 50 call @ .25. Sold for 2.87 on 10/17.

SPX

BTO Feb 28 BF 2625/2650/2675 Calls $ 1.35
Looking for a run up

Good Morning

Good Morning

Good morning

Does anyone know what this means. I see it over on SMM.

😎