#Earnings #JadeLizards – Going back into this one with the lizard and adding a protective put in case it pulls an “ULTA”. Need a down move anywhere inside the expected move with no upside risk.
Sold ISRG OCT 18 2019 460.0/505.0/530.0/535.0 Jade Lizard @ 5.25
#ShortPuts – Nice recovery in this thing…
Bought to Close XBI OCT 18 2019 78.0 Puts @ .09 (sold for 1.55)
#ShortPuts – Not an earnings trade but still gotta book for an overnight gain. This filled immediately and I had placed the order a dime under the mid. Might be able to do even better.
Bought to Close URI NOV 22 2019 112.0 Put @ .90 (sold for 2.65)
#ShortPuts – Just a small one taking off 30 days early…
Bought to Close SOXL NOV 15 2019 100.0 Put @ .30 (sold fat finger for 2.80)
#BearCallSpreads – Completely out of Nov call spreads now. Will be looking to add to Dec and start Jan on next spike…
Bought to Close UVXY NOV 15 2019 37.0/47.0 Bear Call Spreads @ .15 (sold for 1.60 average)
Bought to Close UVXY NOV 15 2019 35.0/45.0 Bear Call Spreads @ .18 (sold for 1.30 average)
#BearCallSpreads – OK…I’m really done now. Full position.
Sold DRIP DEC 20 2019 130.0/140.0 Bear Call Spreads @ 1.50
#ShortPuts – Not really an earnings trade but I’ll take a shot. Maybe add another on an implosion…
Sold URI NOV 22 2019 112.0 Put @ 2.65
#CoveredCalls – Rolling into #Earnings week…
Rolled SHOP OCT 18 2019 297.5 Call to NOV 01 2019 302.5 Call @ .70 credit
Take it for what it’s worth (free) but it is a nice look at some of the issues simmering below the headlines.
#ShortPuts – Another one bites the dust…
Bought to Close SOXL OCT 18 2019 150.0 Put @ .10 (sold for 5.00)
#ShortPuts – Back at the 3000 level so buying all my SPY back in…
Bought to Close SPY NOV 15 2019 275.0 Put @ .46 (sold for 3.35)
Bought to Close SPY DEC 20 2019 260.0 Put @ .83 (sold for 3.20)
#ShortPuts – Out a week early. Wouldn’t mind a pullback before earnings now…
Bought to Close NVDA OCT 25 2019 162.5 Put @ .10 (sold for 2.45)
#ShortPuts – I’m finding these act as a nice hedge on down days but easy to keep rolling lower for eventual profit. Sold against a bunch of call spreads…
Rolled UVXY OCT 11 2019 27.5 Puts to OCT 25 2019 26.5 Puts @ .17 credit
Rolled UVXY OCT 11 2019 26.5 Puts to OCT 25 2019 25.0 Puts @ .10 credit
#CoveredCalls – Easing it up a little…
Rolled ULTA OCT 11 2019 237.5 Call to OCT 25 2019 240.0 Call @ .45 credit (3.25 total now)
#CoveredCalls – Rolling and keeping a little downside protection. Could be another fake out on the breakout. Wild ride last two weeks! Should get two more regular rolls and then the third into earnings…
Rolled REGN OCT 11 2019 295.0 Call to OCT 18 2019 297.5 Call @ .65 credit (8.40 total now)
Whiz was predicting an Iran attack but I’ll take this. Serves the same purpose…
https://oilprice.com/Energy/Oil-Prices/Saudi-Revenge-Iran-Reports-Oil-Tanker-Explosion.html
#Futures – Just for fun rolling profits and going inverted for the weekend.
Sold to Close /ES NOV 19 (Wk3) 3100.00 Call @ 4.20 (bought for 2.40)
Then:
Bought to Open /ES NOV 19 (Wk3) 2600.00 Put @ 2.95
#Futures – Just in case we get a trade deal might make a buck or two. Low risk…
Bought to Open /ES NOV 19 (Wk3) 3100.00 Call @2.40
#BearCallSpreads – Can’t resist…adding one.
Sold DRIP DEC 20 2019 130.0/140.0 Bear Call Spread @ 1.60
#ShortPuts – Adding to offset some of the bear call spreads…
Sold UVXY OCT 11 2019 27.5 Puts @ .60
#CoveredCalls – Sitting under some resistance so continuing to sell aggressively. Earnings not until first week of Nov so plenty of time for more adjustments/sales before then. Let’s see China prove me wrong! LOL
Sold WYNN OCT 18 2019 105.0 Calls @ 3.00 and 3.05
#BearCallSpreads #CoveredCalls – A couple late fills while I was out…
Sold UVXY DEC 20 2019 40.0/50.0 Bear Call Spread @ 1.30
Bought to Close WYNN OCT 11 2019 110.0 Calls @ .10 (sold for 2.05)
#BearCallSpreads – Adding one…
Sold UVXY NOV 15 2019 35.0/45.0 Bear Call Spread @ 1.35
#ShortPuts – Adding another one…
Sold XBI NOV 15 2019 73.0 Put @ 2.10
#BearCallSpreads – Adding again even though I couldn’t quite get the premium of the starter position. Pretty much a full position now before oil prices spike again on the next Saudi attack.
Sold DRIP DEC 20 2019 130.0/140.0 Bear Call Spreads @ 1.50
#CoveredCalls – Rolling for nice credit and keeping some downside protection. Rolling into what should be a week or two before earnings.
Rolled SHOP OCT 04 2019 295.0 Call to OCT 18 2019 297.5 Call @ 1.50 Credit (16.00 total now)
#CoveredCalls – Sitting under some resistance so continuing to sell aggressively. Earnings not until first week of Nov so plenty of time for more adjustments/sales before then.
Bought to Close WYNN OCT 04 2019 110.0 Calls @ .10 (sold for 2.80)
Sold WYNN OCT 11 2019 110.0 Calls @ 2.05
Raised the banner last night at the Blues opener. Time to focus on October baseball now!
#ShortPuts – Adding to monthly ladder…
Sold SPY DEC 20 2019 260.0 Put @ 3.20
#ShortPuts – Filled on one lousy contract seconds before the implosion…
Sold UVXY OCT 11 2019 26.5 Put @ .59
#BearCallSpreads – Thanks @Ramie !
Sold DRIP DEC 20 2019 130.0/140.0 Bear Call Spreads @ 1.55
#ShortPuts – Fat fingered this one earlier. Could’ve gotten about 30 cents more.
Sold SOXL NOV 15 2019 100.0 Put @ 2.80
#ShortPuts – Selling against the call spreads. Booking these and looking for a new sale on a relief rally of some sort.
Bought to Close UVXY OCT 4 2019 25.0 Puts @ .04 (sold for .52)
I’m not a chart guy. Trade mostly on expected moves but still messing around. Does this look reasonable to you chartists? 61.8 retrace right at the 200ma for some support. Not seeing much until there. Fibwizard out there?
#BearCallSpreads – Adding again. 50 percent size now.
Sold UVXY DEC 20 2019 40.0/50.0 Bear Call Spreads @ 1.47
#BearCallSpreads – Adding here…
Sold UVXY NOV 15 2019 37.0/47.0 Bear Call Spread @ 1.40
Sold UVXY DEC 20 2019 40.0/50.0 Bear Call Spread @ 1.35
#ShortPuts – Easing back into this one…
Sold SPY NOV 15 2019 275.0 Put @ 3.35
#BearCallSpreads – Adding one…
Sold UVXY NOV 15 2019 35.0/45.0 Bear Call Spread @ 1.27
#ShortPuts – Adding…filled on the afternoon swoon.
Sold XBI NOV 01 2019 75.0 Put @ 2.10
#CoveredCalls – Got some stock over the weekend. Sure looks like it’s headed to the 200ma so playing the call sale for quite a bit of downside protection. Earnings still about 3 weeks away so plenty of time to adjust before then.
Sold SHOP OCT 04 2019 295.0 Call @ 14.50
#BearCallSpreads – Starter positions…
Sold UVXY NOV 15 2019 35.0/45.0 Bear Call Spread @ 1.25
Sold UVXY NOV 15 2019 37.0/47.0 Bear Call Spreads @ 1.15
Sold UVXY DEC 20 2019 40.0/50.0 Bear Call Spreads @ 1.08 and 1.09
Following @Iceman with the shorter term put sales against the call spreads…
Sold UVXY OCT 4 2019 25.0 Puts @ .52
#ShortPuts – Never got a chance to add to my starter position…
Bought to Close EWZ OCT 18 2019 36.0 Put @ .05 (sold for 1.05)
#CoveredCalls – More basis reduction on this pig. Still working on my last hundred shares.
Bought to Close LABU OCT 04 2019 38.0 Call @ .10 (sold for 2.10)
Sold LABU OCT 18 2019 34.0 Call @ 1.81
#CoveredCalls – Breakout failed so rolling down to the 50ma for additional premium…
Rolled REGN OCT 11 2019 307.5 Call to OCT 11 2019 295.0 Call @ 2.15 credit (7.75 total now)
#ShortPuts – Starting a brand new position…
Sold XBI OCT 18 2019 78.0 Puts @ 1.55
#CoveredCalls – Quick pullback helped a little. Trying to give this some room in case the breakout is real. Earnings not until first week of Nov.
Rolled REGN SEP 20 2019 292.5 Call to OCT 11 2019 307.5 Call @ .80 credit
#ShortPuts – Needing a pullback in this one to get a better roll for my covered call. What better way to get a pullback than to add a bullish position? 🙂 🙂 . Selling near the 200ma and two weeks before earnings…
Sold NVDA OCT 25 2019 162.5 Put @ 2.45
#BearCallSpreads #ContangoETFs – C’mon Mr. Market give us a chance to re-load. Never got a chance to add much to these.
Bought to Close UVXY OCT 18 2019 50.0/60.0 Bear Call Spreads @ .10 (sold for 1.25)
#ShortPuts – Out of this one now. Looking to get back in…
Bought to Close XBI SEP 20 2019 80.0 Puts @ .10 (sold for 1.55 and 2.00)
#ShortPuts – Getting back in this one. Hoping for a bigger selloff but this should be a good starter…
Sold SOXL OCT 18 2019 150.0 Put @ 5.00
#CoveredCalls – Rolling up and out but staying in the money for some downside protection. Put this in at twice the mid and got filled immediately. Should’ve asked for more!
Rolled TNA SEP 20 2019 53.5 Calls to OCT 18 2019 54.0 Calls @ .79 credit
#CoveredCalls – Been double and triple selling these but going back to just one until this bounce plays out. Leaving next week’s 242.50 but taking small loss on the following week.
Bought to Close ULTA OCT 4 2019 240.0 Call @ 2.55 (sold for 2.00)
#BearCallSpreads #ContangoETFs – Had one naked call that got in trouble and wasn’t liking it very much. I rolled it out to 2021 70/80 bear call spreads figuring I’d hide there until things calmed down. Made it a 10 lot to make it worthwhile since the trade was practically a sure thing. Booking it today and will wait for DRIP to rebound when the Saudi oil gets back online.
Bought to Close DRIP JAN 15 2021 70.0/80.0 Bear Call Spreads @ 1.40 (sold for 1.60)
#ShortPuts – Still have some 80’s to cover this week too…
Bought to Close XBI SEP 20 2019 78.0 Put @ .10 (sold for 2.00)
#CoveredCalls – Another one done…
Bought to Close ULTA SEP 20 2019 250.0 Call @ .05 (sold for 3.00)
Sold ULTA OCT 4 2019 240.0 Call @ 2.00
#CoveredCalls – Another one caught in the rally. Rolling one for a debit and one for a credit to get the short call strikes to the same point. Earnings not until Nov.
Rolled WYNN SEP 13 2019 108.0 Call to OCT 04 2019 110.0 Call @ .58 debit
Rolled WYNN SEP 13 2019 110.0 Call to OCT 04 2019 110.0 Call @ 1.42 credit
#CoverdCalls – Calls run over so needing a pullback. Debit roll but picking up .37 of upside.
Rolled EWW SEP 13 2019 39.5 Calls to NOV 01 2019 40.0 Calls @ .13 debit
Non earnings #JadeLizards – A little bounce this week letting me out…
Bought to Close SPLK SEP 13 2019 116.0/124.0/127.0 Jade Lizard @ 3.00 (sold for 3.25)
#CoveredCalls #ShortPuts – Out most of this week but had a couple fills…
LBAU:
Bought to Close LABU SEP 20 2019 42.0 Call @ .10 (sold for 2.50)
Sold LABU OCT 04 2019 38.0 Call @ 2.10
SPY:
Bought to Close SPY SEP 20 2019 280.0 Put @ .10 (sold for 2.96)
URI:
Bought to Close URI SEP 20 2019 110.0 Put @ .10 (sold for 2.55)
Maybe put these back on the radar…
#CoveredCalls – Still digging out…
Sold SQ SEP 27 2019 63.0 Calls @ 1.43
Bought to Close ULTA SEP 13 2019 265.0 Call @ .05 (sold for 2.80)
Sold ULTA SEP 27 2019 242.5 Call @ 2.45
#BearCallSpreads – Bought to Close UVXY SEP 20 2019 45.0/55.0 Bear Call Spreads @ .06 (sold for .93 average)
#ShortPuts – Thanks @jsd501 for the idea.
Sold SHOP SEP 27 2019 325.0 Put @ 4.40
#ShortPuts – Forgot I had this order in but I’ll take it. Ready for the next implosion…
Bought to Close SOXL SEP 20 2019 140.0 Put @ 1.00 (sold for 10.30)
#CoveredCalls – On the road all day Friday but did get a couple fills…
ISRG:
Bought to Close ISRG SEP 6 2019 465.0/495.0/500.0 Jade Lizard @4.87 (sold for 5.50)
NVDA:
Rolled NVDA SEP 06 2019 152.5 Call to OCT 18 2019 155.0 Call @ .25 debit
SQ:
Bought to Close SQ SEP 06 2019 64.0 Calls @ .02 (sold for 2.55)
TNA:
Rolled TNA SEP 06 2019 52.5 Calls to SEP 20 2019 53.5 Calls @ .76 credit
#ShortPuts – Losing interest in this one so getting out with tiny winner.
Bought to Close KHC SEP 06 2019 26.5 Puts @ .64 (sold for .70)
#CoveredCalls – Trading from the southeast corner of Lake Okeechobee. One of my stranger places for this. 🙂 🙂
REGN:
Bought to Close REGN SEP 06 2019 302.5 Call @ .10 (sold for 4.90)
Sold REGN SEP 20 2019 292.5 Call @ 4.90
ULTA: Doubling up on the sales with a stop on the last one.
Sold ULTA SEP 20 2019 250.0 Call @ 3.00
#ShortPuts #CoveredCalls – Was busy all day (and night) on Friday. Drove non-stop from St. Louis to Ft. Lauderdale thinking I might have to evacuate the motorhome. Things are looking better now but still watching closely. Did manage to get a few fills on Friday.
STX: Book ’em!
Bought to Close STX SEP 20 2019 40.0 Puts @ .10 (sold for .80)
TNA: Book, re-sell, and roll
Bought to Close TNA AUG 30 2019 53.5 Calls @ .05 (sold for 2.95)
Sold TNA SEP 06 2019 52.5 Calls @ 1.76
Rolled TNA AUG 30 2019 51.5 Call to SEP 06 2019 52.5 Call @ .20 credit
ULTA: She’s ugly. Didn’t see a 5x expected move coming. Time to start digging out!
Sold ULTA SEP 13 2019 265.0 Call @ 2.80
#Earnings #JadeLizards – I only allow myself one of these high dollar stocks at a time in this account but with my ISRG lizard being blown out to the upside (465/495/500) it’s pretty safe so taking a shot with ULTA.
Sold ULTA AUG 30 2019 315.0/345.0/350.0 Jade Lizard @ 5.76
Put side at the expected move and just under the 200ma…
#CoveredCalls – Another one…
Bought to Close WYNN AUG 30 2019 112.0 Call @ .10 (sold for 2.20)
Sold WYNN SEP 13 2019 108.0 Call @ 2.50
Collected the 1.00 divvy today also…
How the heck are they calculated on a put sale? Since I’m really bored today I tried to put this in writing. I’m not the greatest math guy out there so absolutely looking for corrections and errors here.
This assumes 100 percent cash secured required like in a typical tax deferred retirement account.
————————————————————————————–
Calculating Annualized Returns On A Put Sale
(Strike Price x 100) – Premium Received = Margin Required
then:
Premium Received / Margin Required = Actual Return
then:
365 / Days in Position = Possible Trades Per year
then:
Possible Trades Per Year x Actual Return = Annualized Return
EWZ example:
3600 – 105 = 3495 (margin required)
then:
105 / 3495 = .0300429 (return for 53 day trade)
then:
365 / 53 = 6.8867924 (possible trades per year)
then:
.0300429 x 6.8867924 = .2068992 (annualized return)
20.7 annualized rounded
#ShortPuts – Starter position…
Sold EWZ OCT 18 2019 36.0 Put @ 1.05
20.7% annualized if held to expiration…
#CoveredCalls – Another round…
Bought to Close WYNN AUG 30 2019 115.0 Call @ .10 (sold for 2.54)
Sold WYNN SEP 13 2019 110.0 Call @ 2.49
#BearCallSpreads – Adding one…
Sold UVXY OCT 18 2019 50.0/60.0 Bear Call Spread @ 1.25
#JadeLizard – Out a couple weeks for another try. Selling put side at the expected move.
Sold ISRG SEP 6 2019 465.0/495.0/500.0 Jade Lizard @ 5.50
Options Bistro 