#ShortPuts – Starting to trim down a few…
Bought to Close EWZ DEC 20 2019 40.5 Puts @ .10 (sold for .93)
Bought to Close EWZ DEC 20 2019 40.0 Puts @ .07 (sold for .74)
Author Archives: fuzzballl
Off Topic…
#Bored – Pretty boring week. I’m mostly positioned for Dec monthly expiration which will return my accounts to close to 95 percent cash into year end…hoping for some January profit taking.
Now that I’m semi-retired I’ve picked up a new hobby. If anyone else is really bored check it out. 🙂 🙂 🙂 Getting a pretty good collection on the channel.
ULTA
#CoveredCalls #ShortPuts – Had I not gotten bearish this thing would be down 30 instead of up 30…LOL Spending my 5.00 I brought in yesterday on the roll of the covered call and sprinkling in a shorter term short put at the 50ma.
Rolled ULTA DEC 6 2019 230.0 Call to JAN 17 2020 240.0 Call @ 5.00 debit
Sold ULTA DEC 27 2019 242.5 Put @ 2.25
ULTA Earnings
#CoveredCalls #Earnings – This should almost guarantee blowout earnings. Rolling my covered call down into the money for additional downside protection…
Rolled ULTA DEC 6 2019 240.0 Call to DEC 6 2019 230.0 Call @ 4.91 credit (10.02 total now)
RH Earnings
#IronFlies #Earnings – With over a 20 dollar move expected this has very little if any chance of working. Playing it as a lottery ticket out of boredom. Let’s see a 200 pin on this on Friday. 🙂 🙂
Only filled on one so far…
Sold RH DEC 6 2019 195/200/200/205 Iron Fly @ 4.80
Risk 20 to make 480 (now that’s a lottery ticket!)
SHOP
#ShortPuts – Taking a little risk off early…
Bought to Close SHOP DEC 20 2019 280.0 Put @ .70 (sold for 3.90)
UVXY
#ShortCalls #BearCallSpreads – Stopped out of a few for profits. Looking to add a little higher now…
Bought to Close UVXY DEC 13 2019 20.0 Calls @ .46 (sold for .72)
Bought to Close UVXY DEC 20 2019 25.0/35.0 Bear Call Spreads @ .24 (sold for .86)
Something that might stir up the markets a little…
https://www.cnbc.com/2019/11/27/trump-signs-bill-backing-hong-kong-protesters-into-law-in-spite-of-beijings-objections.html
PANW
#ShortPuts – A little early on this. Selling just below the 50ma and 200ma support. Let’s see if it holds…
Sold PANW DEC 20 2019 220.0 Put @ 3.50
UVXY
#ShortCalls – Bought to Close UVXY DEC 6 2019 24.0 Calls @ .04 (sold for .70)
ULTA
#CoveredCalls – A couple more. One closed and one stopped out. Earnings next week…
Bought to Close ULTA NOV 29 2019 242.5 Call @ .15 (sold for 2.00)
Bought to Close ULTA NOV 29 2019 232.5 Call @ 2.00 (sold for 2.40)
LABU
#CoveredCalls – Last 100 shares that I had been working with got called away early over the weekend at below my cost basis. Was hoping for a down move this morning to get back in but since nothing ever goes down anymore I’ll sell based on the breakout above the 200ma.
Stock called away at 35.50 (basis 46.50)
100 shares called away and selling two puts to possibly get the stock back. If not, keep selling the puts.
Sold LABU DEC 20 2019 47.5 Puts @ 2.20
ULTA
#CoveredCalls – This week’s double sales look safe so starting the earnings position a little early. I’ll adjust it down next week if needed.
Sold ULTA DEC 6 2019 240.0 Call @ 5.11
UVXY
#ShortPuts #ShortCalls #BearCallSpreads – Making some adjustments. Rolling short puts out and down and selling hard against them. If we get close to another reverse split I’ll roll ’em out to 2022 and sell against them for a couple years.
Shorter term:
Bought to Close UVXY NOV 29 2019 20.0 Calls @ .02 (sold for .70)
Sold UVXY DEC 13 2019 17.0 Calls @ .67
Longer term:
Rolled UVXY DEC 20 2019 25.0 Puts to MAR 20 2020 23.0 Puts @ .11 debit
Rolled UVXY DEC 20 2019 23.0 Puts to MAR 20 2020 21.0 Puts @ .12 credit
Sold UVXY MAR 20 2020 20.0/30.0 Bear Call Spreads @ 1.17 to finance the next big roll if needed.
SQ
#CoveredCalls – An old busted earnings trade almost back to even…
Rolled SQ NOV 22 2019 63.5 Calls to DEC 13 2019 64.5 Calls @ even
SHOP
#CoveredCalls #ShortPuts – Trading profitable stock for a short put. Gets the cash back into the sweep account to draw a tiny bit of interest (around 1.6% for now).
Stock will be called away @ 297.50 (basis 294.85)
Sold SHOP DEC 20 2019 280.0 Put @ 3.90 (selling below the 200ma and below recent lows)
SPLK Earnings
#Earnings #JadeLizards – Another big up move on a Lizard. No harm no foul. Little dip right at the open got me out of the call spread for 1.75. Already up to 2.00 now.
Bought to Close SPLK NOV 22 2019 115.0/127.0/129.0 Jade Lizards @ 1.78 (sold for 2.16)
ULTA
#CoveredCalls – Bought to Close ULTA NOV 22 2019 247.5 Call @ .05 (sold for 2.35)
SPLK Earnings
#ShortPuts #Earnings – I’ll take a shot just outside the expected move down below the 200ma and 50ma near recent lows.
Sold SPLK NOV 22 2019 115.0 Puts @ 1.25
ISRG
#ShortPuts – Back in this one selling outside the expected move. Below the 50ma and right at the 200ma.
Sold ISRG DEC 20 2019 530.0 Put @ 3.80
SOXL
#ShortPuts – Back in one of my favorites. Selling well below the 50ma and down near the 200ma. Just going 29 days out…
Sold SOXL DEC 20 2019 165.0 Put @ 3.00
NTES Earnings
#ShortPuts #Earnings – Booking now and not taking any chances…
Bought to Close NTES NOV 22 2019 267.5 Put @ .10 (sold for 3.20)
ULTA
#CoveredCalls – This week looks safe so throwing next week out there. Earnings the following week.
Sold ULTA NOV 29 2019 242.5 Call @ 2.00
DRIP
#BearCallSpreads – Adding one more…
Sold DRIP JAN 17 2020 120.0/130.0 Bear Call Spread @ 1.60
EWZ
#ShortPuts – Adding at a slightly higher strike from my starter position…
Sold EWZ DEC 20 2019 40.5 Puts @ .93
XBI
#ShortPuts – Not a single chance to add beyond the starter position. Almost straight up since the sale…
Bought to Close XBI DEC 20 2019 75.0 Put @ .10 (sold for 1.93)
NTES Earnings
#ShortPuts #Earnings – Earnings not until tomorrow night but with a little pullback today setting my position now. Selling well below the 50ma and close to the 200ma.
Sold NTES NOV 22 2019 267.5 Put @ 3.20
DRIP
#BearCallSpreads – Adding to previous sale…
Sold DRIP JAN 17 2020 120.0/130.0 Bear Call Spreads @ 1.40
DRIP
#BearCallSpreads – Easing back into this one with a small starter…
Sold DRIP JAN 17 2020 120.0/130.0 Bear Call Spreads @ 1.20
UVXY
#ShortCalls – Nicely profitable stops set on my other naked positions so starting another one…
Sold UVXY DEC 13 2019 20.0 Calls @ .72
TNA
#ShortPuts – All stock called away over the weekend so starting a brand new position. Selling at the expected move and below the 50 and 200 day moving averages.
Sold TNA DEC 20 2019 57.5 Puts @ 1.55
ULTA
#CoveredCalls – Rolling out and up to next week. Paying a small debit but picking up 5 points. Should get one more roll before earnings…
Rolled ULTA NOV 15 2019 242.5 Call to NOV 22 2019 247.5 Call @ .20 debit
ISRG NVDA RTN TNA
#CoveredCalls #Earnings #ShortPuts – Not much left to do this week…
ISRG: Booking it a week early.
Bought to Close ISRG NOV 22 2019 530.0 Put @ .40 (sold for 5.50)
NVDA: Booking the earnings and selling a new one on the dip.
Bought to Close NVDA NOV 15 2019 200.0 Put @ .14 (sold for 3.35)
Sold NVDA DEC 20 2019 190.0 Put @ 2.60 (early on this one)
RTN: Long time stock position going away
Stock called away at 185.0 (basis 182.90)
TNA: Long time stock position going away.
Stock called away at 54.50 (basis 41.30)
SHOP
#CoveredCalls – A little roll out and up…
Rolled SHOP NOV 15 2019 295.0 Call to NOV 22 2019 297.5 Call @ .80 credit
NTAP Earnings
#JadeLizards #Earnings – Stock is rallying so booking it now…
Bought to Close NTAP NOV 15 2019 56/61/62.5 Jade Lizards @ .75 (sold for 1.62)
NVDA Earnings
#ShortPuts #Earnings – My 17th time in this thing in 2019. Highest strike I’ve sold is 165 so I can’t believe I’m doing this. Still wouldn’t mind a pullback to get a better roll in Dec for my DITM covered call.
Sold NVDA Nov 15 2019 200.0 Put @ 3.35
NTAP Earnings
#JadeLizards #Earnings – Small position just to have something to do. Playing it to the downside at the expected move and 50ma with no upside risk.
Sold NTAP NOV 15 2019 56/61/62.5 Jade Lizards @ 1.62
UVXY
#ShortCalls #BearCallSpreads – Taking advantage of the massive volatility pop this morning….
Sold UVXY NOV 29 2019 20.0 Calls @ .70
Sold UVXY JAN 17 2020 24.0/34.0 Bear Call Spreads @ .90
TNA WYNN
#LongStock – Here’s my excitement for the day….
TNA: Sold 1 share @ 64.10
WYNN: Sold 1 share @ 122.54
Oddball shares sitting from old dividends before I changed my divvy payout preference to cash. 🙂 🙂 🙂
EWZ
#ShortPuts – A little starter position on the pullback to the 200ma. I’ll add if it doesn’t hold here…
Sold EWZ DEC 20 2019 40.0 Puts @ .74
UDOW
#ShortPuts – First time in this one. Aggressive sale inside the expected move but at the 50ma.
Sold UDOW DEC 20 2019 105.0 Put @ 2.90
UVXY
#ShortCalls – Cleaning up a few of these…
Bought to Close UVXY NOV 15 2019 25.0 Calls @ .06 (sold for .69)
Bought to Close UVXY DEC 20 2019 40.0/50.0 Bear Call Spreads @ .10 (sold for 1.30)
SQ
#CoveredCalls – Finally got out of these at a nickel after quite a few rolls collecting premium.
Bought to Close SQ NOV 8 2019 63.0 Calls @ .05 (sold for 3.90)
Sold SQ NOV 22 2019 63.5 Calls @ 1.21
REGN WYNN
#CoveredCalls – Incredibly strong market so tough to do much with ITM covered calls. Trying a couple different things on these two. Looking forward to being out of these since they are the last of my bad entries in this particular account.
REGN – Assigned this stock at 380 and rode it all the way down to 270 while selling calls against. Reduced basis to 323 but now caught in the move up. One more roll to wait for a pullback. If that doesn’t happen I’ll let stock go and switch to some put selling to get the last few dollars needed.
Rolled REGN NOV 08 2019 305.0 Call to DEC 27 2019 310.0 Call @ .04 credit
WYNN: Not many good rolling options on this one so letting the stock go at 107. Basis on 200 shares was 113 so 6 dollar loss. Similar to the recent TNA repair I’m selling an extra put to get the entire 12 dollars back. See where these end up and go from there.
Sold 3 WYNN DEC 13 2019 122.0 Puts @ 4.05
ISRG
#ShortPuts – Strong market so trying to squeeze a little more out of this one. Rolling current short put up to support at the 50 and 200 moving averages and also at the expected move over the next two weeks. Wouldn’t break my heart if this catches some heat.
Rolled ISRG NOV 22 2019 505.0 Put to NOV 22 2019 530.0 Put @ 2.00 credit (5.50 total now)
TNA
#ShortPuts – Finally out of this one. It was a repair trade on some covered calls that were exercised early for a loss. Turned around and sold ITM puts to make it up. Ended with a small profit.
Bought to Close TNA NOV 08 2019 60.0 Puts @ .10 (sold for 1.00 after adding in loss repair)
UVXY
#ShortCalls -Booking and selling again…
Bought to Close UVXY NOV 8 2019 25.0 Calls @ .04 (sold for .72)
Sold UVXY DEC 6 2019 24.0 Calls @ .70
REGN Earnings
#ShortPuts #Earnings – No sense holding this for the rest of the week…
Bought to Close REGN NOV 08 2019 305.0 Put @ .30 (sold for 4.90)
REGN
#CoveredCalls #Earnings – Earnings in the morning and holding a 305 strike covered call. Turning it into a covered strangle now by selling the corresponding put.
Sold REGN NOV 08 2019 305.0 Put @ 4.90
DRIP
#BearCallSpreads – Never took any heat on this one. Ready for another oil implosion now…
Bought to Close DRIP DEC 20 2019 130.0/140.0 Bear Call Spreads @ .42 (sold for 1.50 average)
SOXL
#ShortPuts – Sold this one 9 days ago at same time as the other one except it was out in December. With 49 days still to go I’ll book it and wait for the next pullback to re-enter.
Bought to Close SOXL DEC 20 2019 125.0 Put @ 1.45 (sold for 4.70)
AAPL REGN SHOP SQ
#CoveredCalls #Earnings – trickling up some ITM covered calls and one expiration….
AAPL: Earnings trade worked.
Expiring: Sold AAPL NOV 01 2019 245.0/240.0 Bull Put Spread @ 2.30
REGN: Rolling into earnings week and keeping a little downside protection.
Rolled REGN NOV 01 2019 302.5 Call to NOV 08 2019 305.0 Call @ 3.50 credit (14.80 total now)
SHOP: Easing it up a little.
Rolled SHOP NOV 01 2019 292.5 Call to NOV 15 2019 295.0 Call @ 1.00 credit (25.05 total now)
SQ: Rolling into earnings and staying at the money with nice credit.
Rolled SQ NOV 1 2019 61.0 Calls to NOV 8 2019 63.0 Calls @ 1.15 credit (3.95 total now)
SOXL
#ShortPuts – Taking this off two weeks early. Only in it nine days…
Bought to Close SOXL NOV 15 2019 150.0 Put @ .40 (sold for 4.90)
NTES
#ShortPuts – Earnings aren’t supposed to be for 2 weeks but nothing confirmed yet. Booking this one in case they surprise and move it up to next week (been there done that…LOL)
Bought to Close NTES NOV 08 2019 265.0 Put @ .25 (sold for 2.90)
ULTA
#CoveredCalls – Taking the nickel close for safety since I had double sold these.
Bought to Close ULTA NOV 1 2019 242.5 Call @ .05 (sold for 5.20)
WDC
#ShortPuts – Small starter until I see how STX looks in the morning. 11.7 percent annualized if held to expiration and a 4.5 percent divvy down there. Far and away the biggest loser on my watchlist today.
Sold WDC DEC 20 2019 45.0 Puts @ .71
ULTA UVXY
#CoveredCalls #BearCallSpreads – Just a couple this morning so far…
ULTA: See if we can turn this one around. This week’s safe so adding another.
Sold ULTA NOV 15 2019 242.5 Call @ 2.55
UVXY: Adding a few. First positions in Jan in this account.
Sold UVXY DEC 20 2019 25.0/35.0 Bear Call Spreads @ .86
Sold UVXY JAN 17 2020 25.0/35.0 Bear Call Spreads @ 1.21
AAPL Earnings
#BullPutSpreads #Earnings – Since the market is never going down again I’m going slightly bullish in AAPL earnings. Selling a slightly in the money put spread. If it tanks still getting in at a good basis…
Sold AAPL NOV 01 2019 245.0/240.0 Bull Put Spread @ 2.30
LABU
#CoveredCalls – Basic out and up roll…
Rolled LABU NOV 01 2019 34.0 Call to NOV 29 2019 35.5 Call @ even
TNA
#CoveredCalls – Hanging on to these a little longer and squeezing a few more pennies out of them. Keeping plenty of downside protection. Tiny pullback today helping with the ITM roll…
Rolled TNA NOV 01 2019 54.5 Calls to NOV 15 2019 54.5 Calls @ .50 credit (basis 41.40 on this batch)
UVXY
#BearCallSpreads – All my call spreads are green with stops set for profits so adding a few more a little lower. Let’s see if ‘ol JP can say something to give me a chance to add. Selling against short puts so hoping these take a little heat…
Sold UVXY DEC 20 2019 25.0/35.0 Bear Call Spreads @ .88
Based on the TOS analyze tab 33.50 is where I would start going a little negative delta on my overall position so still a little room to add to the short call side…
SHOP
#CoveredCalls #Earnings – SHOP reports in the morning. I’m gonna try something different here just for fun. Sitting about breakeven on my stock/covered call and since these are fairly easy to roll in these expensive stocks I’m rolling the call down to the bottom of the expected move for max downside protection.
Stock rallies I’ll try to roll up and out. Stock tanks make some decent money with nice basis reduction…
Rolled SHOP NOV 01 2019 302.5 Call to NOV 01 2019 292.5 Call @ 7.50 credit (24.05 total premium now)
Call now sitting just below my new basis of 296.65.
VIX
Up 2 percent….things that make you go hmmmm….
ULTA
#CoveredCalls – Last one of the day…
Rolled ULTA OCT 25 2019 240.0 Call to NOV 1 2019 242.5 Call @ 2.25 credit
SHOP
Barron’s update….earnings next week.
Shopify (SHOP) stock price has more than doubled this year, though its rally has weakened in recent months. Guggenheim argues that the coming quarter could provide some upside — even if valuations still look stretched.
The back story. Shopify(SHOP) shares have jumped 128% in 2019, even after a recent pullback following the e-commerce company’s most recent earnings report, well ahead of the S&P 500’s 20% gain and the 33% rise in the Technology Select Sector SPDR exchange-traded fund (XLK).
The company’s results in August came in ahead of expectations, and bulls have pointed to Shopify’s(SHOP) new fulfillment center and the acquisition of warehouse automation firm 6 River Systems. The moves could position the company to become a true alternative to Amazon.com(AMZN) , especially if it can woo merchants with friendlier policies. Still, its shares have drifted lower in recent months — with some arguing the drop has gone too far.
What’s new. On Friday, Guggenheim analyst Ken Wong reiterated a Neutral rating on the shares, but argues that the setup for Shopify(SHOP) looks “reasonable” heading into the company’s third-quarter earnings report, due out on Tuesday.
While investors have recently been worried about Shopify’s(SHOP) merchant-solutions business in the face of softer payment-volume data, Wong suggests this is overblown. “Our small and medium business survey suggests the current demand trends across small and mid-sized merchants remains stable. E-commerce vendors continue to outpace traditional peers, ” he writes. “Our industry checks have been positive with expectations for gross merchandise value growth to mirror first half trends.”
Looking ahead. As for the upcoming quarter, Wong notes that Shopify’s(SHOP) long history of consistently beating guidance will have investors “still looking for meaningful upside to consensus revenue estimates…north of the upper end of the guidance range” even as the shares have drifted lower in recent months — though expectations may be somewhat tempered by recent results from eBay(EBAY) and Amazon(AMZN).
Any potential upside in the quarter will likely be from the merchant-solutions business, says Wong, where his estimates are above consensus. “That said, we expect any top line surprise to deliver some flow through to operating income and drive earnings per share ahead of our 12 cent estimate,” he writes. But he remains on the sidelines due to valuation.
Shopify (SHOP) stock is down 2.4%, at $315.50, in recent trading. The S&P 500 is up 0.15%.
REGN UVXY
#CoveredCalls #ShortCalls – Slow week…
REGN: Last roll before the earnings roll. Lots of premium accumulated so hope it expires next week.
Rolled REGN OCT 25 2019 300.0 Call to NOV 01 2019 302.5 Call @ 2.00 credit (10.40 total now)
UVXY: Rolling puts out and down and selling against them…needing a little volatility spike any time though.
Rolled UVXY OCT 25 2019 25.0 Puts to DEC 20 2019 23.0 Puts @ .30 credit
Rolled UVXY OCT 25 2019 26.5 Puts to DEC 20 2019 25.0 Puts @ .35 credit
Sold UVXY NOV 15 2019 25.0 Calls @ .69
SOXL
#ShortPuts – One of my best performers over the last year. Jumping back in here. One contract in two different accounts.
Sold SOXL NOV 15 2019 150.0 Put @ 4.90
Sold SOXL DEC 20 2019 125.0 Put @ 4.70
SOXL weeklies are on my Christmas wish list… 🙂 🙂
ISRG
#ShortPuts – After last week plenty of firepower to put back to work. High margin here but below a lot of support and only 30 days out. One of the biggest drops on my watchlists today…
Sold ISRG NOV 22 2019 505.0 Put @ 3.50
UVXY
#ShortCalls – Really trying to stir things up now. Selling calls as UVXY hits lifetime lows. Still outside the expected move and against more puts so hope they take some heat.
Sold UVXY NOV 8 2019 25.0 Calls @ .72
NTES
#ShortPuts – Haven’t been in this one in awhile. Trying to stir things up. Selling at the 50ma the week before earnings…
Sold NTES NOV 08 2019 265.0 Put @ 2.90
ISRG Earnings
#JadeLizards #Earnings – Well that didn’t go how I wanted but no harm no foul. Letting it go out exercised (for free!!) and a 25 dollar profit.
Original trade:
Sold ISRG OCT 18 2019 460.0/505.0/530.0/535.0 Jade Lizard @ 5.25
XBI
#ShortPuts – Jumping back in with a starter out in Dec. Hopefully get chances to add a few more before then.
Sold XBI DEC 20 2019 75.0 Put @ 1.93
LABU
#CoveredCalls – Still chipping away to get out of the last bit of this position…
Bought to Close LABU OCT 18 2019 34.0 Call @ .05 (sold for 1.81)
Sold LABU NOV 01 2019 34.0 Call @ 1.30
LABU NVDA REGN SQ TNA WYNN
#CoveredCalls – Almost done for the day finishing a nice week. Just a bunch of ITM covered calls to roll so the little pullback today is helping.
LABU: Still watching 34 strike today…
NVDA: Completely run over after selling ITM call. Debit roll but gets call to breakeven. I’ll add on a pullback.
Rolled NVDA OCT 18 2019 155.0 Call to DEC 20 2019 160.0 Call @ 2.25 debit
REGN: Another roll after this then the big roll into earnings.
Rolled REGN OCT 18 2019 297.5 Call to OCT 25 2019 300.0 Call @ .95 credit
SQ: Roll into the week before earnings.
Rolled SQ OCT 18 2019 60.0 Calls to NOV 1 2019 61.0 Calls @ .35 credit
TNA: Nicely profitable on these so holding a little longer picking up 1.10 while keeping some protection.
Rolled TNA OCT 18 2019 54.0 Calls to NOV 01 2019 54.5 Calls @ .60 credit
WYNN: Rolled into earnings.
Rolled WYNN OCT 18 2019 105.0 Calls to NOV 08 2019 107.0 Calls @ .10 credit
XBI
#ShortPuts – Nice rally right up to the 50ma. Completely out now but watching for a re-load…
Bought to Close XBI NOV 01 2019 75.0 Put @ .24 (sold for 2.10)
Bought to Close XBI NOV 15 2019 73.0 Put @ .34 (sold for 2.10)
Options Bistro 