REGN TNA TSLA ULTA WYNN

#ShortPuts #Earnings – On the golf course all week but still managed a few…

REGN: Earnings…
Bought to Close REGN FEB 07 2020 355.0 Put @ .05 (sold for 3.80)

TNA: Booking it…
Bought to Close TNA FEB 07 2020 67.5 Puts @ .05 (sold for 1.32)

TSLA: Back in on the big drop…
Sold TSLA MAR 06 2020 450.0 Put @ 4.00

ULTA: Still digging out…
Bought to Close ULTA FEB 07 2020 267.5 Put @ .04 (sold for 3.40)

WYNN: Earnings…out a couple weeks for some extra room.
Sold WYNN FEB 21 2020 123.0 Puts @ 2.08

Expirations

#optionsexpiration
$SPX 3280/3300/3370/3390
$CMG 815/825 BUPS Thank you @lesserweavil
$CMG 900/910 BECS Earnings jade lizard trade
$NUGT 34.5 call
$ROKU 132 call
$LK 33 put
$T 37.5 put

Have a nice weekend.

AMZN BUPS

#bups
$AMZN STO 3/20 1985/1995 at 2.85

SPX 1-dte

#SPX1dte Sold to Open $SPX Feb 10th 3245/3265-3360/3380 condors for 1.25. IV: 9.12%, SPX 3328, deltas: -.07, .08.

Expiring: Feb 7th 3280/3300-3370/3390 condors, sold yesterday for 1.10.

Selling long Feb 7th 3225 calls or letting them expire for a (hopeful) credit, after having covered the short 3300’s yesterday. Legging out worked against me this time.

Closing CTSH

#Earnings Sold to close $CTSH Feb07/Feb14 65 call calendars for .02. #DoubleCalendars bought for .28 on Wednesday. Long puts will be lottery ticket for next week.

Econ Calendar for week of 2/10/20

#FOMC Jerome Powell speaks Tuesday morning.

Screen Shot 2020-02-07 at 11.16.51 AM
Screen Shot 2020-02-07 at 11.16.51 AM

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

TSLA strangle

Bought to close part of my $TSLA Feb 14th 550/1300 #ShortStrangles for 3.467. Sold Wednesday for 9.825.

Probably will wait for Monday before closing more.

File Under What Was I thinking

#becs
$AMZN BTC 3/20 2050/2080 BECS at 17. STO On 2/3 for 13. Yuck!

ZM Roll

#coveredcalls
$ZM BTC 2/14 82.50 and STO 3/6 88 at .09 credit extra. Earnings on 3/4. Thesis is earnings run and stock currently at 88.13. Gain another 9 cents plus 5.50 if assigned. Probably too good to be true.

EWW strangle

Borrowing an idea from TastyTrade. Sold $EWW 3/20 45/48 strangle @ 1.20.

TSLA

Yesterday STO $TSLA Feb 7 Calls @10.50. Selling against existing March 21 2020 585 Long calls.
Today – Rolled above $TSLA 800 Feb 7 Call to Feb 14 800 @28.00.

Thanks @optioniceman

Oil futures have weeklies :)

Taking advantage after the drop.

STO the /CL next week 45.5/55 strangle for 0.23. Plan to close or roll by Monday or Tuesday. The theta decays is huge 285 a day on 5 contracts.

Have not had time to post but this is good news, too good not to share.

Working on dispersion trading. Income trading plus directional kicks when opportunity is there.

Will update after the live trading session at the end of the month.

Hope everyone is doing/trading well.

AMZN Roll Calls

#syntheticcoveredcalls
$AMZN BTC 2/7 2085 call and STO 2/14 2140 calls at 1.85 extra credit. Sold against long 2/21 1900 calls.

AMAT, ABBV

AMAT…BTC FEB 20 63 CALL @.05….STO 1/29 @.41…..Earnings on 2/12 selling at expected move…STO 14 FEB 66 CALL @.48….Cost basis with this sale at $56.83…#CoveredCalls #pietrade

ABBV….BTC on GTC order 20 MAR 75 PUT @.20….STO 1/31 @1.19….#shortputs

 

TRADES:

SYY BTO STOCK @76.80 Been accumulating, 50 shares at a time.
PINS BTO STOCK 26.23 Up on earnings
PINS STO 2/14/20 27.5 CALLS @.65

LULU

STO $LULU 222.5/232.5 Feb 28 2020 #BuPS @1.4.
Still holding $LULU 212.5/222.5 Feb 21 2020 #BuPS, but looking for a few more pennies.

#shortcallspreads TSLA Sold Feb. 21,…

#shortcallspreads TSLA

Sold Feb. 21, 825/835 call spread for 2.27, chippin away

SAVE Puts

#shortputs
$SAVE STO 2/21 42.5 puts at 1.10

WYNN put spread

With IV still elevated post earnings, sold $WYNN 3/20 120/110 bull put spread @ 2.43. Possibly early on this but strike is below the January lows and the 200 day moving average. If I’m wrong I will close this quickly.

Downside Warning canceled

#VIXIndicator Forgot to note that yesterday the Downside Warning was canceled when $SPX hit all-time highs. $VIX hasn’t dropped a lot, however, so it may not mean all-clear ahead.

MRVL Puts

#shortputs
$MRVL STO 2/14 24 puts at .53.

TLT

STO IC 139/137 146.5/148.5 Mar 13 $0.63

UBER

BTO Dbl Cal 37.50 $0.60
forgot to post it yesterday.

January Jobs Report

#Jobs — beating expectations

+225,000 non-farm payroll jobs, vs. 158K expected
Unemployment at 3.6%, up by 0.1%
U6 unemployment at 6.9%, up by 0.2%
Wages up 0.2%, to 3.1% year over year
Labor force participation 63.4%, up by 0.2%

December revised up from 145K to 147K
November revised up from 256K to 261K