#ShortPuts – Selling against the call spreads. Booking these and looking for a new sale on a relief rally of some sort.
Bought to Close UVXY OCT 4 2019 25.0 Puts @ .04 (sold for .52)
Monthly Archives: October 2019
SPX support?
I’m not a chart guy. Trade mostly on expected moves but still messing around. Does this look reasonable to you chartists? 61.8 retrace right at the 200ma for some support. Not seeing much until there. Fibwizard out there?
Bottom fishing?
Not saying I am going long here but in last 10 minutes /ES had 60k+ longs vs. on 3000 shorts on 5 minute chart.
My hedges have worked nicely so I may roll down to take out some cash.
With the recent volatility over the last few weeks I converted almost everything to spreads to weather the whipsaws better. Seems to be working. Have an IBB strangle I may need to invert tomorrow. Some weird divergences today. XBI up when the market is down. Biotech is usually a risk on trade.
UVXY
#BearCallSpreads – Adding again. 50 percent size now.
Sold UVXY DEC 20 2019 40.0/50.0 Bear Call Spreads @ 1.47
ADBE
BTC $ADBE Oct 18 2019 300/310 #BeCS @0.07. Was STO 9/23 @0.50.
A TRADE;
SFIX STO 10/4/19 NTM 17.5 PUTS @.56
TRADES: An old fav that I re-discovered.
SFIX BTO STOCK @18.0
SFIX STO 10/4/19 18.5 CALLS @.50
SFIX STO 10/4/19 18.0 CALLS @.70 One of my favs because, it’s a weekly, easy on margin, moves slowly. decent premiums. ;>)
AMD
Rolled $AMD Oct 18 2019 33 #CoveredCalls // Nov 15 2019 @.74.
TQQQ
STO December 40 put at 1.75
UVXY
#BearCallSpreads – Adding here…
Sold UVXY NOV 15 2019 37.0/47.0 Bear Call Spread @ 1.40
Sold UVXY DEC 20 2019 40.0/50.0 Bear Call Spread @ 1.35
SPX / AMD / UVXY
STO UVXY 35/45 Nov 15 2019 #BeCS @1.65
SPX 1-dte 2870/2890 put spread stopped @4.05 when spx dropped below 2900. Condors sold yesterday @1.10. Holding Call side.
Rolled AMD Oct 18 2019 34 // Nov 15 2019 #shortputs @0.45
UBER puts stopped
#PerpetualRollingStrangles BTC $UBER Oct 4th 31 puts for 2.35. Calls previously closed for .05. Strangles sold for .90 on 9/11. This strategy has worked well on UBER, but will wait a few days before starting a new one. My naked puts on $CHWY have NOT worked; underwater. The Upside Warning had me overly confident on both of these.
SPY
#ShortPuts – Easing back into this one…
Sold SPY NOV 15 2019 275.0 Put @ 3.35
#earnings #closing SFIX Closed Oct….
SPX 1-dte stopped
#SPX1dte Stop level was breached quickly this morning. BTC $SPX Oct 2nd 2890/2870 put spreads for 2.95. Condors sold yesterday for .867.Also having to close the Oct 4th spread. Stop was not breached yesterday but it was on the opening tick this morning.
Upside Warning canceled
#VIXindicator It seemed obvious days ago but it was just officially canceled. This is only the third total failure of the signal since 1999, out of 44 total, where the SPX made no new high after the signal fired, other than a brief intraday spike the very next day.
Schwab at zero
Okay who is with Schwab and can you find out how much SPX option commissions will be?
#earnings SFIX Sold an Oct….
#earnings SFIX
Sold an Oct. 18 20 straddle for 5.10.
#shortputs TRTN Sold Nov. 18,…
#shortputs TRTN
Sold Nov. 18, 30 put for .60
SPX 1-dte
#SPX1dte Sold to Open $SPX Oct 2nd 2870/2890-2980/3000 condors for .867, IV 13.55%, SPX 2946.
DRIP call spreads
Looking at short calls again but went with spreads in some smaller accounts to keep buying power requirements down.
Sold $DRIP 12/20 125/135 bear call spreads @ 1.31-1.33
SFIX Earnings Long Call
BTO $SFIX Oct 11 $23 Call at $1.40
Volume profile has a huge pocket above current price to about 26.50 or so, with Point of Control around 27.50. TOS has expected move at 4.33 or so at time of trade. We’ll see what happens this afternoon. YOLO!
Closing a NUGT position
Bought to close $NUGT 10/18 31 calls @ 2.07. Sold for 5.30 as a rollout on 9/20. Overall profit .93.
#fallingknife AMTD
#fallingknife
AMTD
ETFC
SCHW
UVXY
#BearCallSpreads – Adding one…
Sold UVXY NOV 15 2019 35.0/45.0 Bear Call Spread @ 1.27
ULTA
I rolled my October 260 covered call out to the December 285 call for a credit of 1.20 which gets me closer to my cost level of $311 from that earnings trade. I am glad it was only 1 contract.
ISM disappoints
US manufacturing economy contracts to worst level in a decade
https://tradingeconomics.com/united-states/business-confidence
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