Options Expiration for 1/18

Was able to leave a few to expire. Will look to reinitiate some positions next week.

$AAPL Jan 18 155/145 bull put spread
$AAPL Jan 18 155/150 bull put spread
$AMAT Jan 18 35 puts
$AMZN Jan 18 1400/1390 bull put spread
$AMZN Jan 18 1485/1480 bull put spread
$AMZN Jan 18 1535/1525 bull put spread
$BA Jan 18 295/290 bull put spread
$BOIL Jan 18 45 calls
$GWW Jan 18 280/270 bull put spread
$RIG Jan 18 16 calls (covered)
$SMH Jan 18 78/84/98/104 iron condor
$STX Jan 18 37 puts
$UVXY Jan 18 65/75 bear call spread
$UVXY Jan 18 65/70 bear call spread
$UVXY Jan 18 75/80 bear call spread
$UVXY2 (pre-1:5 split) 15/25 bear call spread
$VXX Jan 18 long 20 puts (full loss)
$WYNN Jan 18 100 puts

$MCD Jan 18 170/175/182.50/187.50 iron condor–should have expired but I got too cute and didn’t close out the short call side and it finished .07 in the money. So I’ll have to deal with a buy in from assignment on Tuesday morning.

Have a great weekend everyone.

Closing TQQQ

Options ITM so closing for a profit to avoid assignment.
Bought to close $TQQQ Jan 18 45 put @ .45. Sold for 2.15 on 9/5.

SPX 1-dte, legging in

#SPX1dte Sold $SPX Jan 22nd 2715/2735 call spreads for .45. Legging in as I see us going lower into the close. Will sell puts soon.



After several months of selling weekly calls, buying puts, put spreads, and put flies, I’m in the green on SSO and UPRO. TNA and TQQQ are not far behind after being deeply in the red at Christmas.



STO Feb 15 2019 37.50 P @ 1.15
After earnings, would be glad to take the stock down there and then write calls and take dividends.

It’s been quite a while since I’ve posted anything as I needed to take a complete break from options as I was trading too much for me. Glad to see some new names and “faces” and ideas.

UVXY hedge

#VXXGame Bought to Open $UVXY Feb 15th 100 calls for .36. I want to have room to sell premium if we get another market pull back. If we don’t, then small loss. (these reached a peak of 13.00 in late December)


#CoveredCalls #ShortPuts #LongPuts #LEAPS – Various adjustments…

AAOI: Feels like a family member now…LOL Replacing this week’s expiration
Sold AAOI FEB 15 2019 17.5/22.5 Bear Call Spreads @ .46 (prior to earnings hopefully)

Will be assigned stock at 56.60 basis

MO: LEAPS are now unhedged leading into earnings…(for now)
Bought to Close MO JAN 25 2019 50.5 Calls @ .02 (sold for .25)

Will be assigned a little more stock at 40.20 basis

TNA: Rolling covered calls and assignment
Rolled TNA Jan 18 2019 50.0 Call to Feb 22 2019 52.5 Call @ .01 credit
Will be assigned stock at basis of 62.70, 56.95, and 56.00

TQQQ: Booking covered calls. No new sales yet. (partial fill on this yesterday at .05 Grrrr!)
Bought to Close TQQQ Jan 18 2019 45.0 Calls @.40 (sold for 1.65)
Still watching a short 45.0 strike put. If assigned basis of 42.85

UVXY: Rolling ratio’d short puts down.
Rolled UVXY FEB 1 2019 72.5 Puts to MAR 15 2019 69.0 Puts @ .62 credit

Closing AMAT

To avoid possible assignment today with the options currently in the money.
Bought to close AMAT Jan 18 36 puts @ .24. Sold for 1.30 on 9/7.

MS calendar loses

#Earnings #Double Calendar Sold to close remaining parts of $MS Jan18/Jan25 45 double calendar for .131. Bought for .33 on Wednesday, plus paid .03 to close short calls yesterday.

So one small loss and a breakeven on this strategy so far. Oddly enough, the better play for neutral option strategies this week was NFLX. It’s upside world.

Econ Calendar for week of 1/21/19

Markets closed Monday for Martin Luther King holiday.

screen shot 2019-01-25 at 10.21.08 am

screen shot 2019-01-18 at 10.35.31 am

Link to calendar: https://us.econoday.com/byweek.asp?day=21&month=1&year=2019&cust=us&lid=0