I am done for the day.
Daily Archives: Friday, August 2, 2019
SQ
#CoveredCalls – Getting a tiny bounce so selling covered calls at the 200ma resistance. Using spreads since no naked calls in this account and won’t get the stock until the weekend.
Sold SQ AUG 16 2019 71.0/81.0 Bear Call Spreads @ 1.34
LABU
#CoveredCalls – Can’t quite get it to expire…
Rolled LABU AUG 02 2019 42.0 Call to AUG 23 2019 44.0 Call @ 1.95 credit
TNA
#CoveredCalls – Selling the weekly at 50ma/200ma resistance…
Bought to Close TNA AUG 02 2019 60.0 Call @ .06 (sold for 2.52)
Sold TNA AUG 09 2019 59.0 Call @ 1.56
REGN
#CoveredCalls – Earnings next week so selling just outside the expected move. I’ll adjust down if needed prior to the announcement.
Bought to Close REGN AUG 02 2019 312.5 Call @ .10 (sold for 2.30)
Sold REGN AUG 09 2019 325.0 Call @ 2.45
SPX
BTC 2850/2900 put spread that expires today at 1.15, I sold it yesterday at 1.40 so happy to be out of it. I still have Monday and Wednesday to worry about. I don’ t have large positions so I can roll them next week.
Econ Calendar for week of 8/5/19
Link to calendar: https://us.econoday.com/byweek.asp?day=5&month=8&year=2019&cust=us&lid=0
A TRADE: Getting back into GOOS
GOOS BTO STOCK, A little at a time @43.60, 43.69, 44.04
STO ANET Jan17’20 185 PUT…
STO ANET Jan17’20 185 PUT 5.50
UVXY call spread
Sold $UVXY 9/20 40/50 bear call spread @ 1.28
XBI
#ShortrPuts – Adding one here…
Sold XBI SEP 20 2019 80.0 Put @ 2.00
DRIP up
#ContangoETFs Sold to Open $DRIP Sept 130 call for 6.40. Highest strike.
SPX
BTC August 2, 2800/2840 put spread at .05, sold at .60 cents. I may have to roll some other put spreads but want to see if we can bounce later today.
SPX aggressive
#SPX1dte Missed my chance yesterday but trying with an aggressive stance today:
Sold $SPX Aug 9th 2950/2975 call spreads for 10.30. Looking for a sharp move down today, or coming days. I will not be waiting for expiration, and will take profits when it looks like we’re due for a bounce.
SWK hammered
(see what I did there?)
#Earnings Was early assigned on $SWK, so I exited long puts and stock for the same $2 loss I was facing if the condor had stayed in tact.
Sold the 148/150/152.5/155 condors for 1.30 last Friday, as a roll from earnings put spread. This increases my loss by .70 more, but I’m through with revenge trading for now.
SPX 1-dte put side closed
#SPX1dte Bought to close $SPX Aug 2nd 2880/2860 put spread for .30. Condors sold yesterday for .95.
Not waiting for puts to expire in this environment. The 3010/3030 call side should expire, though.
SQ-down big this morning
SQ-down big this morning
July Jobs Report
#Jobs — matching estimates for a change
+164,000 non-farm payroll jobs, vs. 165K expected
Unemployment at 3.7%, unchanged
U6 unemployment at 7.0%, down by 0.2
Wages up 0.3%, 3.2% year over year
Labor force participation 63.0%, up 0.1
(Total labor force came in at a record-high 163.4 million)
June revised down from 224K to 193K
May revised down from 72K to 62K
Options Bistro 