#Earnings Sold to close $YELP 34.5 calls for 3.00 average price. Got a couple sold for a small profit this morning, but made the mistake of waiting for it to go higher and it collapsed instead. These are usually winners, but pretty tough to manage. I think I need to try trailing stops.
#LongStrangles bought yesterday for 4.23. This loss and the UBER win cancel each other out.
STO $AMD Sept 20 2019 34 puts @2.23. Was ATM when sold. Cash Secured. Willing to own the stock.
Expiring $SPX 2850/2865//2965/2980 #IC. Was STO @1.05 yesterday following Jeff.
Have rolled pretty much everything else out and or up this week. Sorry haven’t posted all of the trades. Finding that some have turned out to be unneeded, as things generally recovered. I need to be more patient.
#SPX1dte Sold $SPX Aug 12th 2840/2860-2970/2990 condors for 1.10. IV: 11.71%, SPX 2929
Expiring today: Aug 9th 2840/2860-2960/2980 condors, sold yesterday for 1.35
Since today’s 39.5/45.5 earnings strangle look to be expiring worthless, I’m resuming what worked for me for a couple months after my earnings losing trade in May:
Sold $UBER Aug 30th 37/43.5 strangles for 1.08
OSTK STO 8/16/19 22.5 PUTS @.65
Bought to close CMG 08/09/2019 810.00 Calls / Sold CMG 08/16/2019 820.00 Calls @ 1.74 Credit + 10 point better strike.
Pushed an ITM position up to OTM for next week with the stock at an all-time high …. again
Converted short puts that are way ITM to #fuzzy to the 65/65/61 put strikes. Cost basis 9.39 and 8.96 and will sell weeklies until 2021.
Only had 2 contracts but this allowed me to increase to 7 contracts so a lot more weekly selling power/income.
We ran an experiment with XBI from June 21 on strictly weekly sales at the 80/85 strikes. 60% ROI since then or 520% annualized returns which is a lot more than we expected. Will keep it running and see how it works out longer term. I would expect less going forward but interesting that certain tickers trade LEAPs better than others.