DG TNA TQQQ XBI

#LongCalls #LEAPS – I thought I was done but I can’t resist selling a little more into this volatility. Gives me a little extra hedge if we open down next week also.

DG: Stop set on next week so going out with an overlapping sale. Selling against 110/90 put spreads so any sale above 110 is a nice one.

Sold DG JAN 4 2019 110.0 Calls @ .70

TNA: Booking and selling. Fairly aggressive double dip next week.

Bought to Close TNA DEC 21 2018 66.5 Calls @ .05 (sold for .81)
Sold TNA DEC 21 2018 54.0 Calls @ .62

TQQQ: Same as TNA double dipping next week…(hopefully)

Bought to Close TQQQ DEC 21 2018 54.0 Calls @ .05 (sold for .85)
Sold TQQQ DEC 21 2018 46.0 Calls @ .82

XBI: Booking and selling.

Bought to Close XBI DEC 21 2018 85.0/95.0 Bear Calls Spreads @ .01 (sold for .63….legged out to get the net penny 🙂 )
Sold XBI DEC 28 2018 81.5 Calls @ .40

Just for margin purposes in the IRA: Bought XBI DEC 28 2018 88.5 Calls @ .01 paired with 81.5 and 82.5 short calls.

Whew! Happy weekend everyone!

WTW

#LongCalls #LEAPS – This is turning into one of my more interesting positions. Started out as a blown out earnings strangle and then became a covered call position. To free up cash the stock was rolled into 2021 LEAP calls at the 50 strike. Throughout the entire ordeal I’ve managed to stay pretty close to even but unable to get all the way there. Still not bad when considering it all started up around 80 and the stock is below 48 now.

It’s trying to find a bottom or could be setting up for another leg down. As long as it’s grinding sideways, I’ll keep hammering the weekly sales right at the money with great premium. This could end up being a longer term hold. Starting to see a lot of potential considering all the premium brought in so early in a 2021 position…

These are non ratio’d full sales that I will roll at the first sign of negative deltas. Otherwise keep selling.

Bought to Close WTW DEC 14 2018 49.5 Calls @ .05 (sold for 1.15)
Sold WTW DEC 28 2018 48.5 Calls @ 1.85

That’s it for me this week (I think ). Another pretty good week of selling with the elevated volatility…

WYNN

#LongCalls #LEAPS – Next week’s naked 120’s look pretty safe so doubling up with spreads since it’s an IRA.

Sold WYNN DEC 28 2018 115.0/125.0 Bear Call Spreads @ 1.20

UNG

#LongPuts #LEAPS – Nat gas already imploding. Thought it might wait until at least February. Rolling the weeklies to try to stay out of the way even though they are ratio’d…

Rolled UNG DEC 21 2018 32.0 Puts to JAN 4 2019 31.0 Puts @ .18 credit

OLED

#ShortCalls #BullPutSpreads – Booking this for safety since I’ve been overselling slightly…

Bought to Close OLED DEC 14 2018 101.0 Calls @ .05 (sold for 1.30)

RTN

#LongCalls #LEAPS – Slowly but surely…

Bought to Close RTN DEC 21 2018 185.0/195.0 Bear Call Spreads @ .04 (sold for .73)

REGN

#ShortCalls #BullPutSpreads – Still selling against Jan 2021 ITM bull put spreads to reduce basis if I eventually end up with the stock. Learned my lesson on this ticker to never try for that last dime. It can move bigly in a short time.

Bought to Close REGN DEC 14 2018 380.0 Call @ .10 (sold for 2.55)

Sold REGN DEC 21 2018 397.5 Call @ 2.10