Lesserweavil 1:38 pm on Friday, August 23, 2019
Tags: BuCS ( 52 )

SPX

Rolled 8/23/2019 $SPX 2935/2945 #BuCS for 8/30 same strikes +@0.60. Jumped too soon, but wasn’t sure where things were going this morning, and didn’t want to be caught ITM. Have been kicking this can down the road for a while. $2.00 basis after today’s roll, and mark closed at $1.075. Could/should have waited until after lunch, and then just let it expire.

Sold today & Expiring $SPX 8/23/2019 2880/2895 #BuCS @1.10.

Hoping for a quiet news weekend and some recovery next week. Not holding my breath though.

Jeff 1:28 pm on Friday, August 23, 2019
Tags: VIXIndicator ( 294 )

Downside Warning again

#VIXindicator This is one of the more whipsaw-y corrections I can remember. Today was our fifth warning. I don’t think the bottom is in yet, but betting on that after the Aug 14th warning got me ripped up as the bounce was strong and protracted. (arrows represent the 4 Downside Warnings)

Jeff 1:06 pm on Friday, August 23, 2019
Tags: SPX1dte ( 1,714 )

SPX 1-dte

#SPX1dte. The market was so volatile before the close I waited until after the close to sell this.

Sold $SPX Aug 26th 2735/2755-2915/2935 condors for 1.30. IV 17.82%, SPX closed at 2848.

Jeff 1:01 pm on Friday, August 23, 2019
Tags: BrokenWingButterfly ( 30 )

Rough week

Even though I ended the week with a couple of decent earnings trades (INTU and GPS), I took a pretty big hit on poorly managed SPX spreads in the whipsaw, and also a week-ending surge in NUGT and DRIP.

Expiring at max profit:
$GPS 15.5/20 strangles, sold yesterday for .62

Almost expired at max profit
$SPX 2915/2940-2980/3005 condors, sold for 2.90 on Monday. I closed the short puts for .30 in the last minute because I couldn’t trust it.

Expiring at max loss:
$SPLK 124/130/133 #BrokenWingButterfly, bought for 2.02 on Wednesday

jsd501 11:58 am on Friday, August 23, 2019

CRM

Got out of my 125/165 spread for an .05 profit for September 20 expiration. I think the charts look really ugly.

Jeff 11:53 am on Friday, August 23, 2019
Tags: pietrades ( 240 )

INTC closed

#PieTrades. Another one I’m closing with only minor loss, as I don’t want to deal with ITM naked puts or stock holdings in this market.

BTC $INTC Sep 6th 46 puts for 1.61. Sold for 1.49 on Aug 12th.

fuzzballl 11:43 am on Friday, August 23, 2019
Tags: BearCallSpreads ( 123 )

UVXY

#BearCallSpreads – Adding one…

Sold UVXY OCT 18 2019 50.0/60.0 Bear Call Spread @ 1.25

Jeff 11:31 am on Friday, August 23, 2019
Tags: pietrades ( 240 )

KHC puts & stock closed

#PieTrades BTC $KHC Aug 23rd 27 puts for 1.45.

That is only a third of my position; the other third was assigned. I was set to allow all of it to be assigned, but rather not carry burden of stock. So also unloaded the stock. Since I sold the puts for 1.23 on Aug 8th, this is closing at almost breakeven.

Sold to close $KHC stock for 25.58. Cost basis 25.67.

fuzzballl 11:06 am on Friday, August 23, 2019
Tags: JadeLizard ( 130 )

ISRG

#JadeLizard – Out a couple weeks for another try. Selling put side at the expected move.

Sold ISRG SEP 6 2019 465.0/495.0/500.0 Jade Lizard @ 5.50

Jeff 10:54 am on Friday, August 23, 2019
Tags: SPX1dte ( 1,714 )

SPX smackdown

#SPX1dte. Didn’t follow my rules rigidly enough and waited too long to close these. May mean I got out near the bottom rather than when stops were first hit, when I could have gotten out when SPX was around 2888.

BTC $SPX Aug 23rd 2860/2840 put spreads for 5.60. Condors sold yesterday for 1.10.
BTC $SPX Aug 26th 2845/2820 put spreads for 6.75. Condors sold Wednesday for 3.15

I went past my stops on Wednesday on the up side, when SPX just couldn’t get any higher after briefly touching 2930. But the call side premium is much lower when almost ATM on expiration day than put side is, so it’s less risky. That one expired worthless. This one may, too, but after missing fills on every bounce before this, I couldn’t risk another tweet-driven violent drop.

Jeff 10:47 am on Friday, August 23, 2019

Econ Calendar for week of 8/26/19

Link to calendar: https://us.econoday.com/byweek.asp?day=26&month=8&year=2019&cust=us&lid=0

fuzzballl 10:35 am on Friday, August 23, 2019
Tags: CoveredCalls ( 2,200 ), JadeLizards ( 129 )

ISRG TNA

#JadeLizards #CoveredCalls – Sometimes I wish our fearless leader would put down the twitter machine for awhile. The timing of the tweet earlier cost me at least 2 grand on these positions. It really is a strange world we trade in these days. Booking and rolling…

Bought to Close ISRG AUG 23 2019 495.0/500.0/505.0 Jade Lizard @ 7.90 (sold for 11.95)

Rolled TNA AUG 23 2019 52.0 Calls to AUG 30 2019 53.5 Calls @ .10 credit

Jeff 8:44 am on Friday, August 23, 2019
Tags: DoubleCalendar ( 209 ), Earnings ( 3,108 )

INTU closing

#Earnings It would have been a good exit right at the open, but now we’re getting a second shot as price retreats.

Sold to close in phases: .90, 1.20, then when I realized it could drop, I waited for 2.20 on the most recent batch. Now watching to see how much lower it will go for my final lots, driving the premium higher as it gets closer to flat-on-day.

#DoubleCalendar bought yesterday for 1.69.

geewhiz112 8:02 am on Friday, August 23, 2019
Tags: ShortPuts ( 4,763 )

TNDM Short Puts

#shortputs
$TNDM STO 8/30 67 puts at 1.60

geewhiz112 7:51 am on Friday, August 23, 2019
Tags: JadeLizard ( 130 ), ShortPuts ( 4,763 )

Close ISRG Jade Lizard / Close OKTA Puts

#jadelizard
$ISRG BTC 8/23 500/505/485 jade lizard for 1.60. STO at 5.67. Thank you @fuzzballl

#shortputs
$OKTA BTC 8/23 135 put at .40. STO 8/14 at 5.60

fuzzballl 7:26 am on Friday, August 23, 2019
Tags: JadeLizards ( 129 )

SPLK

Non-earnings #JadeLizards – Good premium so giving it a short term shot…

Sold SPLK SEP 13 2019 116.0/124.0/127.0 Jade Lizard @ 3.25

fuzzballl 7:24 am on Friday, August 23, 2019
Tags: BUPS ( 400 ), Earnings ( 3,108 ), JadeLizards ( 129 )

SPLK Earnings

#Earnings #JadeLizards – Taking this off on the bounce for a small gain. Great premium so looking to re-establish a non-earnings Jade lizard now…

Bought to Close SPLK AUG 23 2019 122.0/131.0/134.0 Jade Lizard @ 2.60 (sold for 3.31)

#bups

thomberg1201 7:06 am on Friday, August 23, 2019
Tags: closing ( 266 )

#closing TSLA Finally May 10,…

#closing TSLA Finally

May 10, sold a June 21, 190/280 strangle. Through numerous adjustments it ended up as a Sept. 20, 185/200 inverted strangle. I took in $4,163 in premium. Bought today for $4,143, freeing up about 8k in margin, whew.