I’ve been doing one of Fuzzball’s “whiz” trades on $WDC… several weeks ago bought the Jan’19 67.5 call + sold the Jan’19 67.5 put + bought the Jan’19 62.5 put, the combo cost 22.50 at the time. Today I sold the WDC Sep22 90 call for 1.00. I am also short the 90 call for this week, sold last week for 0.91. I’m only trading 2 contracts (one per week), trying to get the hang of it all. So far it has been really easy to roll, the weekly premium seems decent. The stock has however seen some volatility recently as WDC is attempting to buy Toahiba’s chip unit. Just putting this out there as an idea, working well for me so far… y’all let me know what you think!
#LongCallDiagonals – Rolled front month EWZ Jul 14 35 call to EWZ Aug 11 35.5 call for $0.01 debit. New call is still ITM but gained $0.50 in proceeds per contract if I am assigned. Didn’t know what else to do other than close the position. Maybe it will pull back some day.
BTC $EWZ Jun 16 37.5 calls @ 0.03, waiting to sell again for next week
Merry Christmas from NC! Thank you all for graciously sharing your knowledge this year. Thank you Jeff for sharing your vision and time and all your hard work. May all of your families be blessed! Ben
BTC NUGT Nov18’16 17 CALL @ 0.10, sold for 0.80 on 10/07/16
I was following Jeff with an intentional DITM SPX BuPS to learn how to manage fear. After the last 3 days it’s no longer as DITM, I saw some decent green, and I’m thinking MAYBE the market might pull back and I can get back in later to continue following his trade, so… BTC SPX 25nov16 2175/2150 BuPS @ 10.00, originally sold for 13.00 three weeks ago when SPX was a lot lower. Coulda got more, but hey I’m happy! Thanks Jeff.
That’s a weird open following Armageddon futures!