I am done for the day and who knows what the news will be on the weekend.
$SFIX has had a good run in the past week, so I’m taking profits. I entered into a Synthetic Long Call $21.00 with Nov 15 expiration on 10/10 for $0.25 debit. I closed the Nov 15 $21.00 put side yesterday at a $0.50 debit. Day traded a Nov 8 $22.00 call today at the lows (BTO $1.60) and closed it with my Nov 15 $21.00 Call for credit of $4.80 – so net profit at $2.45.
Still bullish on this one long term, but it looks like a pattern is forming, and while not overbought yet, I could see it dipping back down over the next few days. I’m a “TastyBites” guy as well, so I don’t have the margin to trade multiple lots and take profits off of table a bit at a time!
All cash going into weekend– have a good couple of days off and see you next week.
#SPX1dte Sold to Open $SPX Oct 21st 2935/2955-3025/3040 condors for 1.20, IV: 8.07%, SPX 2993.
Expiring worthless today: Oct 18th 2950/2960-3025/3035, sold yesterday for .45 (dbl size)
STO January 300 put at 5.40 on 1 contract. I will be adding if it goes lower.It works out to an 11% return for 91 days.
STO November 15,250 put at 2.65, adding to the position so, now short 2 at 3.95
#ShortPuts – Jumping back in with a starter out in Dec. Hopefully get chances to add a few more before then.
Sold XBI DEC 20 2019 75.0 Put @ 1.93
#CoveredCalls – Still chipping away to get out of the last bit of this position…
Bought to Close LABU OCT 18 2019 34.0 Call @ .05 (sold for 1.81)
Sold LABU NOV 01 2019 34.0 Call @ 1.30
#CoveredCalls – Almost done for the day finishing a nice week. Just a bunch of ITM covered calls to roll so the little pullback today is helping.
LABU: Still watching 34 strike today…
NVDA: Completely run over after selling ITM call. Debit roll but gets call to breakeven. I’ll add on a pullback.
Rolled NVDA OCT 18 2019 155.0 Call to DEC 20 2019 160.0 Call @ 2.25 debit
REGN: Another roll after this then the big roll into earnings.
Rolled REGN OCT 18 2019 297.5 Call to OCT 25 2019 300.0 Call @ .95 credit
SQ: Roll into the week before earnings.
Rolled SQ OCT 18 2019 60.0 Calls to NOV 1 2019 61.0 Calls @ .35 credit
TNA: Nicely profitable on these so holding a little longer picking up 1.10 while keeping some protection.
Rolled TNA OCT 18 2019 54.0 Calls to NOV 01 2019 54.5 Calls @ .60 credit
WYNN: Rolled into earnings.
Rolled WYNN OCT 18 2019 105.0 Calls to NOV 08 2019 107.0 Calls @ .10 credit
#ShortPuts – Nice rally right up to the 50ma. Completely out now but watching for a re-load…
Bought to Close XBI NOV 01 2019 75.0 Put @ .24 (sold for 2.10)
Bought to Close XBI NOV 15 2019 73.0 Put @ .34 (sold for 2.10)