#shortstrangles #earnings
$MU BTC 1/17 1/17 45/60 Strangle @ .20. STO at .83. Thank you @jsd501
#shortputs
$NUGT BTC 1/10/2020 32.5 pus at .88. STO at 2.68. This is a culmination of rolls since 10/18.
Ended up making less than 1 per contract. Or I earned .40 an hour for rolling. 😉
#spx1dte #Whew!
$SPX 3195/3215/3260/3280 expired. STO @ 1.75. Thank you @jeffcp66
#SPX1dte Sold $SPX Dec 31st 3155/3175-3255/3275 condors for .80, IV: 10.48%, SPX 3223.
#BullPutSpreads – Some guys in our union forum were debating the pros and cons about our outlook for next year. Have to say I’m on the fence. Lots of labor contract negotiations going on but fleet renewal will be winding down so maybe some debt reduction possible with the cash flow now. I suggested a low risk way to get long so since I suggested it I had to do it myself.
Going with an ITM bull put spread out a few months. Here’s my post from that forum:
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I’m as bearish as the next guy on airlines but I’m taking a small shot with low risk…
Sold 5 AAL MAY 15 2020 35.0/30.0 Bull Put Spreads @ 3.75
What now?
1. Stock rallies above 35 by expiration full profit of $1875
2. Stock implodes then I’ll own 500 shares at a basis of 1.25 above wherever the stock ends up (in this case lower the better)
3. Stock goes to zero I’ll lose $625
4. Anything above 31.25 at expiration makes money or a near term rally makes money also
Sold $NUGT 6/19 51 call @ 4.00
#BearCallSpreads – Adding just a little out to Feb…
Sold UVXY FEB 21 2020 18.0/30.0 Bear Call Spreads @ .86
#PerpetualRollingStrangles BTC $UBER Jan 10th 25.5 puts for .05. GTC Order in to close 31.5 calls for same. Strangles sold for .80 on Dec 6th.
BTC FIVE iron Condor 0.65 was STO Dec 5th for 1.20
STO Jan. 17, 150 covered calls at .75
STO Feb. 21, 45 calls at 2.15
#ShortPuts – Thanks @jsd501 !
Sold LABU Jan 31 2020 48.5 Put @ 2.34
#SPX1dte . Stops have been breached on all three of the put spreads I’m holding. Looking to exit, but also have to run out for awhile.
STO February 21, 45 puts at 2.60
Options Bistro 