#SyntheticStock – BTC EWW May18’18 48.5 calls  for 0.03, sold for 0.31. STO EWW May25’18 47.5 calls for 0.31.
Author Archives: 1strangealien
SPX
STC $SPX May 18th 2770/2790 bull call spreads for 1.60, bought for 0.80. Thanks @jeffcp66!  I saw some green and decided to not roll the dice for Friday expiration.  Maybe these will go to 10.00 now!!
Rolling
#SyntheticStock – Walking some short calls up that got run over this week:
Roll SLB May11’18 70 calls to SLB May18’18 70.5 calls for 0.05 credit.
Roll MU May11’18 50 calls to MU May25’18 52 calls for 0.20 credit.
Roll JPM May11’18 110 calls to May 25’18 111 calls for 0.41 debit. Giving up some of the premium I’ve collected on this one.
XBI
#Fuzzy – Closing down my Fuzzy while the gettin’s good, BTC XBI May11’18 90 calls and STC XBI Jun’18 88/88/86 fuzzy, all said and done I made 1.30 per contract on the trade. That’s the good news, the bad news is that all of my other short calls have been runned the hell over this week, got some rolling to do when the boss ain’t lookin.
EWW
#SyntheticStock – STO EWW May18’18 48.5 calls for 0.31
EWW
#SyntheticStock – BTC EWW May11’18 50 calls for 0.03, sold for 0.25. Waiting a bit to sell for next week, hoping as usual that dogs can bounce?
Selling Calls (Finally!)
STO EWW May11’18 50 calls for 0.25
STO JPM May11’18 110 calls for 0.39
STO SLB May11’18 70 calls for 0.37
STO MU May11’18 50 calls for 0.27
STO XBI May11’18 90 calls for 0.45. My XBI Fuzzy is based in June so it’s pretty long in the tooth, hoping I get to close with a profit next week. Everyone cross your fingers please!
XBI
#Fuzzy – BTC XBI May04’18 90 calls for 0.04, sold for 0.62. I haven’t had time to sell any calls for next week due to work/life, and since the market may be making a short term bottom I’m gonna wait til tomorrow. Please tell me we get a bounce.
EWW, JPM, SLB
#SyntheticStock –  been closing down some calls today in the hopes that the Fed announcement tomorrow will cheer the market and my stocks will blast off to the moon. Yeah right?
BTC EWW May04’18 52 calls for 0.04,  sold for 0.37
BTC JPM May04’18 112 calls for 0.08, sold for 0.41
BTC SLB May04’18 71 calls for 0.04, sold for 0.31
MU
#Fuzzy – BTC MU May04’18 51 calls for 0.05, sold for 0.51. Waiting to sell calls for next week.  Sure could use a market bounce.
JPM SLB
SLB
#SyntheticStock – I can tell this one is gonna try and run up through my strike and spoil my profit plan for the week, so BTC SLB Apr27’18 71 calls for 0.08, sold for 0.33. Gonna wait til tomorrow to sell calls for next week.
JPM
BTC JPM Apr27’18 115 calls for 0.03, sold for 0.27. Waiting to sell calls for next week, hoping we get a bounce???
XBI
#Fuzzy – BTC XBI Apr27’18 92 calls for 0.06, sold for 0.47. STO XBI May04’18 90 calls for 0.62.
MU
#Fuzzy – BTC MU Apr27’18 54 calls for 0.03, sold for 0.43. STO MU May04’18 51 calls for 0.51.
EWW
#SyntheticStock – BTC EWW Apr27’18 53 calls for 0.03, sold for 0.15. STO EWW May04’18 52 calls for 0.37.
EWW
#SyntheticStock – Mr. King of timing here again. I waited yesterday to sell calls for next week on this one, hoping to see the 200sma was gonna hold. She didn’t hold, I shoulda sold… yesterday.  STO EWW Apr27’18 53 calls for 0.16. Oh well, I only need 0.08 a week to cover a total loss on my 2020 52/52/50 synthetic position.
MU
#Fuzzy – STO MU Apr27’18 54 calls for 0.44
SLB
#SyntheticStock – BTC SLB Apr20’18 70 calls for 0.10, sold for 0.39. Waiting to sell next week’s, bouncing off of 69 level??
EWW
#SyntheticStock – BTC EWW Apr27’18 55 calls for 0.07, sold a couple days ago for 0.31. Gonna wait and sell more calls for next week after I see if EWW bounces off the 200 day sma, which it is hitting.
XBI
#Fuzzy – BTC XBI Apr20’18 92 calls for 0.03, sold for 0.38. STO XBI Apr27’18 92 calls for 0.47.
EWW
#SyntheticStock – STO EWW Apr27’18 55 calls for 0.31.  This sale is pretty aggressive I think but I’ve been holding this one unhedged for awhile, and the stock is near a previous high (resistance?)
JPM
#SyntheticStock – BTC JPM Apr20’18 115 calls for 0.03, sold for 0.28.  STO JPM Apr27’18 115 calls for 0.27.
SLB
#SyntheticStock – STO SLB Apr20’18 70 calls for 0.40.
XBI
#Fuzzy – STO XBI Apr20’18 92 calls for 0.38, selling against my XBI Jun’18 88/88/86 fuzzy that has been unhedged during the recent market gyrations.
JPM
#SyntheticStock – STO JPM Apr20’18 115 calls for 0.28. Been sitting unhedged on my JPM Jan’19 115/115/110 synthetic position. Seems like a good day to sell, but wished I’d sold these at the open today!
MU
#Fuzzy – BTO MU Jul20’18 52.5/52.5/50 Fuzzy for 3.80. Seems like the market is BTFD, possibly gonna cheer up soon?  This synthetic position is unhedged at the moment. Dan Fitzpatrick featured this one in his free chart last night and brought it to my attention, so I will have to give him credit for the ticker.
XBI
#Fuzzy – BTC XBI Apr06’18 91 calls for 0.04, sold for 0.46. Leaving my synthetic position unhedged for now (although waiting has not worked well lately!)
XBI
#Fuzzy – STO XBI Apr06’18 91 calls for 0.47.
Have a nice holiday everyone!
EWW
#SyntheticStock – Forgot to do this til now: BTO EWW Jan17’20 52/52/50 synthetic for 5.00. Max loss would be 7.00, trade runs for 94 weeks so need 0.075 cents a week to break even. STO EWW Apr06’18 52 calls for 0.30. Been needing something long term and stress-free (I hope!). Thanks to @fuzzballl!!!
XBI
#Fuzzy – Right before close BTO XBI Jun’18 88/88/86 synthetic stock position for 3.70.  Unhedged for now. XBI printed a dragonfly doji today and Tech is due a bounce, right? Crossing fingers and toes.
JPM
#SyntheticStock – BTC JPM Mar16’18 119 calls for 0.04, sold for 0.27.  Gonna wait a bit to sell calls for next week.
SLB
#SyntheticStock – Closing down the hedge on my SLB Jan’19 67.5/67.5/65 synthetic stock, BTC SLB Mar9’18 67.5 calls for 1.40, sold these last week for 0.28 so loss of 1.12 per contract. Instead of rolling immediately I’m gonna leave unhedged for now, SLB looks to be blasting out of a volatility squeeze (I hope!).
JPM
#SyntheticStock – STO JPM Mar16’18 119 calls for 0.27
JPM
#SyntheticStock – Earlier BTO JPM Jan’19 +115calls/-115puts/+110puts for 6.70. Leaving unhedged for now.
UPS
#Fuzzy – Decided to close this short dated Fuzzy down with some green. Not much time left to do damage control with the threat of what could happen with tariff talk, the jobs number, and an upcoming Fed meeting. STC UPS Mar29’18 108/108/106 fuzzy and BTC UPS Mar09’18 109 calls. Figure in the commissions and the trade made 0.82 per contract. Light green is better than red!  Thanks to @mortlightman for the idea!
XBI
#Fuzzy – XBI tried to blast off earlier today and it pushed my Fuzzy+hedge into negative delta so I closed it down. BTC XBI Mar09’18 93 calls and STC XBI Jun15’18 91/91/88 fuzzy. Netted 1.96 per contract, trade has been on for 1 month. Looking to reload on a pullback!
SLB, UPS
#SyntheticStock – STO SLB Mar09’18 67.5 calls for 0.28
#Fuzzy – STO UPS Mar09’18 109 calls for 0.32
XBI
#Fuzzy – STO XBI Mar09’18 93 calls for 0.5. My core position is in June’18.
SLB
#SyntheticStock – BTC SLB Mar02’18 67.5 calls for 0.03, sold for 0.24. Gonna wait and see what tomorrow brings to sell calls for next week.
UPS
#Fuzzy – Had a fill while I was out today, BTC UPS Mar02’18 109 calls for 0.05, sold for 0.43. My core position UPS Mar29’18 108/108/106 Fuzzy is currently unhedged.
XBI
#Fuzzy – BTC XBI Mar02’18 95 calls for 0.04, sold for 0.48. Waiting to sell calls for next week. My core position is XBI Jun’18 +91calls/-91puts/+88puts, bought for 4.50. So far have booked 1.26 in net premium on 10 contracts.
MU
#Fuzzy – STC MU Mar16’18 44/44/42 Fuzzy for 2.57, bought for 0.76.
BTC MU Feb23’18 45 calls for 1.17, sold for 0.31.
This ticker took off this morning plus March is just around the corner. All said and done made 0.91 on 10 contracts.
UPS, XBI
#Fuzzy – BTC UPS Feb23’18 110 calls for 0.05, sold for 0.43. STO UPS Mar02’18 109 calls for 0.43.
STO XBI Mar02’18 95 calls for 0.48
SLB
#Fuzzy – BTC SLB Feb23’18 68.5 calls for 0.04, sold on Friday for 0.21. Gonna wait and see how the market reacts to the Fed minutes before selling calls for next week.
XBI
#Fuzzy – I’ve got a LOT going on this week so didn’t even get to watch any of the action today, but I did BTC XBI Feb23’18 95 calls for 0.05, sold for 0.40.  Waiting to sell calls for next week…
Is Iceman ok? He hasn’t posted in a week, maybe he’s on vacation?
Anybody remember the good old days when a major moving average, say the 50 day sma, used to serve as resistance when the price moved up to it?
MU, XBI
#Fuzzy – STO MU Feb23’18 45 calls for 0.32.
Also STO XBI Feb23’18 95 calls for 0.40.
BMY
#Fuzzy – BTC BMY Feb16’18 63 calls for 1.66 sold for 0.53, STC BMY Mar23’18 60/60/58 Fuzzy for 5.09, bought for 2.09. Hope this one pulls back some and I will do it again maybe. After all is said and done made 1.96 on 10 contracts.
MU
#Fuzzy – BTO MU Mar16’18 44/44/42 Fuzzy for 0.75. Leaving unhedged for now.  MU reports earnings on 03/22/18.
XBI
#Fuzzy – BTC XBI Feb16’18 93 calls for 0.38, sold for 0.42.  Leaving my core XBI Jun’18 91/91/88 Fuzzy unhedged for now. Trying to get out of the way of the stock moving up. Coulda closed for about 0.08 earlier today. Poof there went the Valentines dinner and spa treatment, got reduced to a box of chocolates! Hope I didn’t mess up but looking like the market may go up for a bit with decent earnings coming in and the Fed meeting over a month away.
SPX hitting the 200 day sma, that’s far enough Mr. Market!
BMY
#Fuzzy – BTC BMY Feb09’18 63 calls for 0.03, sold for 0.15. STO BMY Feb16’18 63 calls for 0.53. Y’all be careful it’s lookin slippery out there.
Here’s Dan’s free chart of the day view on the market: http://stockmarketmentor.com/2018/02/looking-for-some-clarity-on-the-sp-action-this-should-help-february-08-2018/
XBI
#Fuzzy – BTC XBI Feb9’18 93 calls for 0.04, sold for 0.52. STO XBI Feb16’18 93 calls for 0.42.
XBI
#Fuzzy – STO XBI Feb9’18 93 calls for 0.52
BMY
#Fuzzy – BTO BMY Mar23’18 60/60/58 Fuzzy for 2.08. Leaving unhedged for now.
SVXY
I was looking at buying a SVXY Jan 2020 10/10/5 synthetic stock position and Interactive Brokers was requiring $26,000 margin?? Maybe that’s a sign I should just pass.
XBI
#Fuzzy – BTO XBI Jun15’18 91/91/88 for 4.50. Unhedged for now. Out of the foxhole, hope I don’t get shot. Is that clicking noises I hear?
Chicken
You can post the chicken picture, I don’t care, I’m out til the dust clears. Closed the UNP, LNG, and WYNN Fuzzies I had, all at losses. I’ve done well the last 3 months and I’m not giving anymore back.
WYNN
#Fuzzy – STO WYNN Feb02’18 175 calls @ 0.90. This ticker might give me whiplash.
WYNN
#Fuzzy – BTO WYNN Mar’18 170/170/165 Fuzzy for 7.28, but just 5 contracts (wish I’d bought more now!). Unhedged for now. Thinking about closing it as a day trade, it’s really taken flight.
MU
#Fuzzy – I don’t have a good feeling about the upcoming AAPL earnings with rumors of stagnant iPhone X sales. Plus need more clarity in the market in general. Seems like MU is on the precipice to give me a bigger loss than I want to take.  I overstayed my welcome on this one, it was making decent money until recently.  STC MU Apr’18 45/45/40 Fuzzy for 0.20 debit, bought for 0.88 on 1/02/18. BTC MU Feb02’18 45.5 calls for 0.12, sold for 0.30. Net loss on the trade is $72.66 (a little more than 0.07 on 10 contracts).
UNP
Bought my UNP Feb02’18 135 calls back for 2.44, sold for 1.09. Going to roll later today hopefully when the stock gets up to 137 again.  Hope I don’t get burned waiting.
UNP
BTO UNP Mar16’18 135/135/130 for 1.16, STO UNP Feb02’18 135 calls for 1.09. UNP reported earnings yesterday.
MU
#Fuzzy – BTC MU Jan26’18 45 calls for 0.02, sold last week for 0.30.  My core position is MU Apr’18 45/45/40, paid 0.87. So far have booked 0.85 in premium since opened on 1/02/18. Earnings are March 20.  I’m going to leave this unhedged for now, seems like it’s been headed down the runway a bit, hopefully takeoff will be soon??
EWZ
Well crap! I’m running out of time and ran out of hope and ideas on this one, I can’t catch up and she’s not coming back.
STC EWZ 17JAN20 +41C-41P+36P, BTC EWZ Jan26’18 41 calls.
I walked down the tracks too long and the freight train hit me. Lost 0.85 on 10 contracts. Â The good news is you guys have shared ideas that have more than made up for that loss. Thanks!
EXAS
#Fuzzy – Since others are bailing on this one and biotech is pulling back, I’m bailing with ya. STC EXAS Feb’18 50/50/45 synthetic and BTC EXAS Jan26’18 51.5 calls. Made 0.96 on 10 contracts. Glad to see XBI come back into orbit!
XBI, NFLX
#Fuzzy – I REALLY wanted to ride this one for awhile but it has shot to the moon so I sold my XBI Jun’18 88/88/83 Fuzzy for 9.60. Also BTC XBI Jan26’18 90 calls for 5.60. After all said and done made 1.78 on 10 contracts. I will go back into this one on a pullback (hopefully?)
Also I did a couple of 59 minute trades on $NFLX this morning, bought some puts then sold em all within about a 30 minute period, made 1.97 combined on both those. My track record on these type trades is not good at all so I’m thankful for the green!
MU, EXAS
#Fuzzy – BTC MU Jan19’18 45 calls for 0.03, sold for 0.31.  Looking to sell for next week.
STO EXAS Jan26’18 51.5 calls for 0.80
XBI
#Fuzzy – BTC XBI Jan19’18 90 calls for 0.05, sold last week for 0.54. Waiting to sell for next week, the stock is bouncing after running down this morning. I’m liking this ticker (at the moment)!
Also closed a short term #Fuzzy in CRM that I hadn’t admitted to, stole the idea from @smasty160, made 0.78 on that one. Thanks Sue!
MGM
#SyntheticStock – Followed Fuzzy’s lead on this one and closed it out, my net delta was around zero after the stock blasted off. BTC MGM Jan26’18 34.5 calls for 1.88, STC MGM Jan’19 +32call -32put +27put for 5.46. After all said and done made 2.81 per contract on this trade, unfortunately only had 2 contracts as I put this one on back before I became a believer 🙂
EWZ, MGM
Roll EWZ Jan12’18 40.5 calls to Jan26’18 41 calls for 0.05 debit.  A pull back would be nice in this one.
Roll MGM Jan12’18 34 calls to MGM Jan26’18 34.5 calls for 0.09 credit.
MU
STO MU Jan19’18 45 call for 0.32
Options Bistro 