AMAT

#LongCalls #LEAPS – Booking full position double sales and replacing with a tighter 4×10 ratio…

Bought to Close AMAT JAN 11 2019 37.0 Calls @ .05 (sold for .32)
Bought to Close AMAT JAN 18 2019 39.0 Calls @ .07 (sold for .31)

Sold AMAT FEB 1 2019 36.0 Calls @ .65

#ironcondor DIA Sold Feb. 15,…

#ironcondor DIA #shortstrangles SQ
DIA Sold Feb. 15, 215/220/250/255 for 1.36
SQ sold Feb. 15, 45/75 strangle for 1.48

#coveredputs PM Sold Jan. 18,…

#coveredputs PM #coveredcalls WYNN
PM Sold Jan. 18, 66 put for .56, woulda, coulda, shoulda sold it yesterday
WYNN Sold Jan. 18, 120 call for .60

SPX 1-dte

#SPX1dte Sold to Open $SPX Jan 7th 2440/2460-2590/2610 condors for 1.10.

#shortstrangles #closing GM MS Closed…

#shortstrangles #closing GM MS
Closed two Jan. 18 strangles for very small change after today’s rally, both were losers yesterday.

Calling again

#LongLEAPs #SyntheticCoveredCalls
Sold $TQQQ Jan 11th 40 calls for .85
Sold $SQ Jan 11th 61 calls for 1.20.

Closing FB

Bought to close $FB Jan 18 125/120 BuPS @ .36. Sold for 1.15 on 12/31.

Closing BA

Bought to close $BA Jan 18 290/280 BuPS @ .43. Sold for 2.20 on 12/27.

Buh Bye NFLX #CostBasisReduction Winner…

Buh Bye NFLX #CostBasisReduction Winner

My NFLX saga ends today…with a bottle of champagne after the close. After the last earnings report when NFLX soared, I got the “great” idea to buy 100 shares at $358 and sell DITM calls for a guaranteed win. Within days there was a massive crash. I took inspiration from seeing @fuzzballl accomplish significant cost basis reduction with patience and perseverance. I vowed I would stick with this until it was profitable. Every single week I sold calls, and bought put butterflies (BWB debit flies). Most of the time they brought in nice credits, there were a few weeks that were debit rolls (debit rolls would step back cost basis those weeks), but I steadily took Cost Basis from $358 to $272. Today I was able to close out the full position for a net $1547 gain.

SPX Feb condor

#SPX1dte Sold $SPX Feb 2250/2270-2730/2750 condors for 3.00. Will close at or near 50%, or 1.50.

#spycraft