BA

Interesting little 25 minute video. A couple of our guys in the simulator showing some of the issues…

Options Expiration

#OptionsExpiration – No expirations but one assignment. SQ getting called away at 63.50. Was originally assigned the stock at 76.00 during an earnings implosion. Rode it all the way to 55 selling calls. Gone now with a very satisfying profit of .15 LOL

So long I’ll see ya next time!!

SPX 1-dte

#SPX1dte Sold to Open $SPX Jan 27th 3195/3215-3330/3350 condors for 1.15. IV 11.20%, SPX 3290.

Expiring (a little sweaty) Jan 24th 3265/3285-3350/3370, sold yesterday for .80

DRIP

#BearCallSpreads – Thanks @Jeff ! Starter position looking to add for about 2.00…

Sold DRIP MAR 20 2020 140.0/180.0 Bear Call Spread @ 1.60

UAL strangle

Sold $UAL 3/20 75/90 strangle @ 2.32 with the stock at 81.77. Delta neutral with the strikes around 21 delta. Will adjust if the stock makes any more big moves.

CTXS closed

#Earnings Sold to close $CTXS Jan24/Jan31 119 #DoubleCalendar for .05. Bought for .47 on Wednesday. I had three Dub Cal orders working that day. This was the only one that filled, and the only of the three that was a loser! (I closed only the call side. Long puts are a lottery ticket for next week)

XBI

#ShortPuts – Filled on another one. This is where I’d really like to build a position…

Sold XBI MAR 20 2020 80.0 Put @ 1.00

UVXY

#BearCallSpreads – Adding a couple…

Sold UVXY MAR 20 2020 15.0/30.0 Bear Call Spreads @ .95

XBI

#ShortPuts – Starter position..

Sold XBI FEB 21 2020 85.0 Put @ 1.05

ISRG

#ShortPuts – Back in again…

Sold ISRG FEB 14 2020 557.5 Put @ 3.12

Econ Calendar for week of 1/27/20

#FOMC meeting announcement on Wednesday
#GDP numbers on Thursday
#Brexit Day on Friday

Screen Shot 2020-01-24 at 10.26.20 AM
Screen Shot 2020-01-24 at 10.26.20 AM

Link to calendar: https://research.investors.com/economic-calendar/

ISRG Earnings

#ShortPuts #Earnings – Small winner. Looking for a re-entry now.

Bought to Close ISRG JAN 24 2020 595.0 Put @ 2.30 (sold for 3.00)

DRIP dip

#ContangoETFs Sold $DRIP March 125 calls for 3.25. This one is on a steady uptrend.

https://platform.twitter.com/widgets.js

#shortstrangles XBI #ironcondor UAL XBI…

#shortstrangles XBI #ironcondor UAL

XBI Sold Feb. 21, 84/100 strangle for 1.09
UAL Sold March 20, 65/77.50/87.50/97.50 for 2.86
#tastytradefollow

VIX

#Hedges – Taking a small loss on this hedge. I’ve still got some long volatility in my UVXY positions so don’t need the added risk here. Nice bounce today letting my out.

Bought to Close VIX MAR 20 2020 15.0/13.0 Bull Put Spreads
Sold to Close VIX MAR 20 2020 17.0/22.0 Bull Call Spread

Closed for .14 debit. Original trade was put on for a .06 credit. Net loss .08

NEM

BTC NEM  31 JAN 43 PUT @.15….STO 1/16 @.40

#shortputs

AMAT

BTC AMAT 24 JAN 63 Call @.05….rolled on 1/10 @.85 credit..

STO AMAT 31 Jan 64 Call @.51

Cost basis after this sale 57.58…

#CoveredCalls

VIX Puts Is there any…

VIX Puts

Is there any unusual risk in buying VIX puts?
Other than the potential loss of the premium paid.

WYNN

Once the virus starts getting cleared up this could be a good one. For now not so much…

Wynn Resorts put volume heavy and directionally bearish (TheFlyOnTheWall)
THE FLY 9:35 AM ET 1/24/2020
Symbol Last Price Change
WYNN 135.1up -4.01 (-2.88%)
QUOTES AS OF 10:35:23 AM ET 01/24/2020
Bearish flow noted in Wynn Resorts(WYNN) with 10,307 puts trading, or 4x expected. Most active are 1/24 weekly 140 calls and 1/24 weekly 135 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 1.66, while ATM IV is up over 2 points on the day. Earnings are expected on January 30th.

EXAS

#ShortPuts – SQ going away today so replacing it with this. Adding one in the week before earnings…

Sold EXAS FEB 14 2020 85.0 Put @ 2.05

IIPR

STO March 75 put at 4.30

NFLX

BTC $NFLX 300/310 Feb 07 #BuPS @0.25. Was STO 1/22/2020 @1.45 #earnings

#VIX trade A couple of…

#VIX trade

A couple of weeks ago I posted that I put on a Feb VIX trade looking for a volatility expansion. Clearly that didn’t happen, yet, so I’ll be trying to take that off today for as close to even as I can. Will re-evaluate whether or not to put a similar trade back on, but further out in time. Likely April.

Kelly