SVXY

I was exercised over the weekend and last night on a few…

Jun 2018 120 puts (part of 120/105 reverse roll…basis 24.85)
Jan 2019 45 puts (basis 41.52)
Jan 2019 135 puts (part of synthetic with 132 disaster puts….basis 48.55)

VXX

#LongPuts – It’s bouncing so selling my first hedge to begin covering the cost of the long puts. Using a spread just for margin reduction….

Sold VXX MAR 9 2018 38.0/33.0 Bull Put Spreads @ .62

XOM

#SyntheticStock – Different oil stock in a different account. Taking this one way out in time with same size as SLB.

Bought Jan 2020 75/75/72.5 Synthetic Stock @ 7.05 debit

9.55 max loss with 99 weeks to run so .10 per week to cover.

Order in but not filled to sell the hedge for next week…

WMT

#ShortPuts – Thanks guys! I’d go synthetic down here. Selling half size puts now and if it gets there I’ll roll to synthetic. If it doesn’t get there then still make a little.

Sold WMT APR 20 2018 85.0 Puts @ .84

SPX

#RocketManHedge – Still leaving plenty of downside room…core position is a May 2640 long put…

Bought to Close SPX FEB 23 2018 2575.0 Put @ 1.40 (sold for 7.25)

Sold SPX MAR 2 2018 2640.0 Put @ 11.40

CTRP

#SyntheticStock – Could be interesting with earnings this week…

Bought Jan 2019 47/47/45 Synthetic @ 5.50

Max loss 7.50 with 47 weeks to run so 16 cents per week to cover…

So:

Aggressive sale the week after earnings with great premium…

Sold CTRP MAR 2 2018 48.0 Calls @ .75

BABA BIDU CELG MU

#SyntheticStock – Rolling weeklies…

BABA: Feb 16th 182.5 to Mar 9th 187.5 @ .66 credit
BIDU: Feb 16th 242.5 to Mar 2nd 247.5 @ 1.40 credit
CELG: Feb 16th 95.0 to Feb 23rd 96.0 @ .05 credit
MU: Feb 23rd 41.5 to Mar 29th 44.0 @ .23 debit