$NFLX 345 and 352.50 calls (Covered)
$TLRY 85 call (Covered)
$AMD 20 put
$WYNN 116 put
$EXAS 82 put

$T 31 put Basis 30.21 Stock at 30. Will sell calls until someone takes it away for the dividend. ;-}

Relax and enjoy the super bowl. You are all CHAMPIONS – thank you.

Downside Warning canceled!

#VIXIndicator Today’s $VIX close ends the 4-month Downside Warning. If we get two more closes at or below 16.47, it will trigger an Upside Warning, which usually means a strong rally for a few days or weeks.

Expirations AMZN SPX / Closed Early AMZN / ROKU BUPS / Roll TQQQ

$AMZN STO 2/1 1605/1610 BUPS at .50 Expired same day. Thank you @honkhonk81 and jojo mojo
$SPX 2630/2650/2765/2745

Closed Early
$AMZN BTC 2/1 1590/1600 BUPS as part of earnings IC at .20 Made 85% of max. Stock started to look soft in late afternoon and I did not want to be correct, I just wanted a profit. Thank you @jeffcp66 BECS expired!

$ROKU BTO 3/15 40/50 BUCS at 4.80. Earnings Feb 21st

$TQQQ BTC 2/1 46 call and STO 2/15 48.50 call at .15 credit. Sold against leap.

SPX 1-dte long

#SPX1dte Bought to open $SPX Feb 4th 2645/2660-2740/2755 condors for .55. (IV 7.94%: SPX 2704)

I reduced to 15-wide to make it cheaper, and also went to the strike below .06 on each side. This lowers probability, but short strikes are only 80 apart, which is the lowest I have had on any condor in this strategy, long or short.

#shortstock IP Sold short 100…

#shortstock IP

Sold short 100 shares of IP for 46.31

#earnings #closing IBM January 22…

#earnings #closing IBM

January 22 sold a Feb. 15, 105/135 strangle for .90, turned profitable today, took the small gain, bought for .66

SPX 1-dte switch

#SPX1dte My short condor from yesterday will expire worthless (sold for 1.00)

I am going to BUY the condor for Monday, since volatility on the options chain plummeted to below 9%, after being above 15% all week. (today would have been a good day to sell a condor in the morning, and close it by day’s end)

AMZN closed

#Earnings BTC $AMZN Feb 1st 1600/1590 put spreads for .25. Not going to mess with this one if it decides to get cute. Condors sold yesterday for 2.00.

Econ Calendar for week of 2/4/18

**Jerome Powell speaks Wednesday at 7pm ET

Screen Shot 2019-02-01 at 10.22.28 AM
Screen Shot 2019-02-01 at 10.22.28 AM

Link to calendar: https://us.econoday.com/byweek.asp?day=4&month=2&year=2019&cust=us&lid=0

EW closed, and remaining earnings trades

#Earnings #DoubleCalendar
Sold to close $EW Feb01/Feb08 170 dbl cals for 3.25 (avg price). Bought yesterday for 1.57.

#IronButterfly $NOW expiring at max loss of .65.
#IronCondor $AMZN expiring at full profit, sold yesterday for 2.00.
#LongStraddle $EBAY straddle bought for 2.23 on Tuesday. It had a subtle move, so I played the swings and managed to sell for 1.168. Even when long straddles miss, they aren’t too bad provided you have a few days and some swings.