#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
#CoveredCalls – Basic out and up roll…
Rolled LABU NOV 01 2019 34.0 Call to NOV 29 2019 35.5 Call @ even
#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)
#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…
#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.
Up 2 percent….things that make you go hmmmm….
#CoveredCalls – Last one of the day…
Rolled ULTA OCT 25 2019 240.0 Call to NOV 1 2019 242.5 Call @ 2.25 credit
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%.
#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
#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… 🙂 🙂
#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
#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
#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
#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
#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
#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
#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
#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)
#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
Options Bistro 