#shortcallspreads SPY Call me crazy,…

#shortcallspreads SPY

Call me crazy, sold a Nov. 15, 306/311 call spread for .90.

UVXY

#ShortPuts – I’m finding these act as a nice hedge on down days but easy to keep rolling lower for eventual profit. Sold against a bunch of call spreads…

Rolled UVXY OCT 11 2019 27.5 Puts to OCT 25 2019 26.5 Puts @ .17 credit
Rolled UVXY OCT 11 2019 26.5 Puts to OCT 25 2019 25.0 Puts @ .10 credit

ULTA

#CoveredCalls – Easing it up a little…

Rolled ULTA OCT 11 2019 237.5 Call to OCT 25 2019 240.0 Call @ .45 credit (3.25 total now)

REGN

#CoveredCalls – Rolling and keeping a little downside protection. Could be another fake out on the breakout. Wild ride last two weeks! Should get two more regular rolls and then the third into earnings…

Rolled REGN OCT 11 2019 295.0 Call to OCT 18 2019 297.5 Call @ .65 credit (8.40 total now)

SPX Iron Condor

Sold Oct 21 2920/2895 put spread + 3035/3060 call spread @ 7.40.
Short put and call deltas are 20 and 21.
Call spread is above the all time high in SPX.

LULU

BTC $LULU 175/185 Oct 18 #BuPS @0.14. Was STO Sept 30 @1.45.

#closing #shortstrangles DD August 9…

#closing #shortstrangles DD

August 9 I sold a Sept. 20, 65/77.50 strangle so DD headed south. I rolled the call down into an inversion, rolled the inversion to Oct. 25. I was able to close today with a $104.00 gain, more than I would have taken out of the strangle, but with consternation costs.