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)
Author Archives: fuzzballl
LABU SPY URI
#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)
/NG BOIL UNG
Maybe put these back on the radar…
SQ ULTA
#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
UVXY
#BearCallSpreads – Bought to Close UVXY SEP 20 2019 45.0/55.0 Bear Call Spreads @ .06 (sold for .93 average)
SHOP
#ShortPuts – Thanks @jsd501 for the idea.
Sold SHOP SEP 27 2019 325.0 Put @ 4.40
SOXL
#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)
ISRG NVDA SQ TNA
#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
KHC
#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)
REGN ULTA
#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
STX TNA ULTA
#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
ULTA
#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…
WYNN
#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…
Annualized returns?
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
EWZ
#ShortPuts – Starter position…
Sold EWZ OCT 18 2019 36.0 Put @ 1.05
20.7% annualized if held to expiration…
WYNN
#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
UVXY
#BearCallSpreads – Adding one…
Sold UVXY OCT 18 2019 50.0/60.0 Bear Call Spread @ 1.25
ISRG
#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
ISRG TNA
#JadeLizards #CoveredCalls – Sometimes I wish our fearless leader would put down the twitter machine for awhile. The timing of the tweet earlier cost me at least 2 grand on these positions. It really is a strange world we trade in these days. Booking and rolling…
Bought to Close ISRG AUG 23 2019 495.0/500.0/505.0 Jade Lizard @ 7.90 (sold for 11.95)
Rolled TNA AUG 23 2019 52.0 Calls to AUG 30 2019 53.5 Calls @ .10 credit
SPLK
Non-earnings #JadeLizards – Good premium so giving it a short term shot…
Sold SPLK SEP 13 2019 116.0/124.0/127.0 Jade Lizard @ 3.25
SPLK Earnings
#Earnings #JadeLizards – Taking this off on the bounce for a small gain. Great premium so looking to re-establish a non-earnings Jade lizard now…
Bought to Close SPLK AUG 23 2019 122.0/131.0/134.0 Jade Lizard @ 2.60 (sold for 3.31)
SPLK Earnings
#Earnings #JadeLizards – Got rid of NVDA earlier today so looking for a replacement…
Sold SPLK AUG 23 2019 122.0/131.0/134.0 Jade Lizard @ 3.31
No upside risk with put sale just inside the expected move but right at the 200ma. Breakeven below that…
NVDA
#JadeLizards – Played this over earnings out to September hoping for a down move since all the “expert” talking heads were saying how bad things were going to be. So, of course, stock is up 18 percent since the announcement. 🙂 🙂
Taking my small gain and heading on down the road…
Bought to Close NVDA SEP 20 2019 135.0/150.0/155.0 Jade Lizard @ 4.63 (sold for 6.00)
LABU
#CoveredCalls – Selling another one pretty aggressively…
Bought to Close LABU AUG 23 2019 44.0 Call @ .10 (sold for 3.45)
Sold LABU SEP 20 2019 42.0 Call @ 2.50
REGN
#CoveredCalls – Selling very aggressively to try to shake things up a little…
Bought to Close REGN AUG 23 2019 315.0 Call @ .10 (sold for 3.80)
Sold REGN SEP 06 2019 302.5 Call @ 4.90
ISRG
#JadeLizards – Still playing with a non-earnings Jade Lizard. Was hoping for a 500 pin today but not looking likely. Rolling the whole thing out a week (put side 5 points lower).
Rolled AUG 16 2019 500.0/500.0/505.0 Jade Lizard to AUG 23 495.0/500.0/5o5.0 @ 4.25 credit (11.95 total now)
NVDA
#CoveredCalls – Played earnings to the downside but got a bounce instead. Rolling a couple weeks…
Rolled NVDA AUG 16 2019 150.0 Call to SEP 06 2019 152.5 Call @ .75 credit (8.00 total now)
SOXL
#ShortPuts – Good day for a bounce on this one…
Rolled SOXL AUG 16 2019 150.0 Put to SEP 20 2019 140.0 Put @ 8.00 credit (10.30 total now)
XBI
#ShortPuts – Adding to an existing position. A couple strikes lower for similar premium.
Sold XBI SEP 20 2019 78.0 Put @ 2.00
EWW TNA
#CoveredCalls – Assigned early on some EWW and selling against TNA again.
Sold EWW SEP 13 2019 39.5 Calls @ .46
Bought to Close TNA AUG 16 2019 54.0 Call @ .06 (sold for 2.05)
Sold TNA AUG 30 2019 51.5 Call @ 2.18
NVDA earnings (sort of)
#JadeLizards – Playing this like an #Earnings trade but going out further for more safety. No upside risk and would get the stock at a 129 basis if it implodes…
Sold NVDA SEP 20 2019 135.0/150.0/155.0 Jade Lizard @ 6.00
UVXY
#ContangoETFs #BearCallSpreads – Adding one and starting a new batch…
Sold UVXY SEP 20 2019 45.0/55.0 Bear Call Spread @ 1.26
Sold UVXY OCT 18 2019 50.0/60.0 Bear Call Spread @ 1.23
NVDA
#CoveredCalls – Not really an earnings trade but taking advantage of the big premium. Of course sold 30 seconds too early.
Sold NVDA AUG 16 2019 150.0 Call @ 7.25
TNA
#CoveredCalls – Out all day yesterday but had one fill.
Bought to Close TNA AUG 16 2019 59.0 Calls @ .10 (sold for 2.70)
Today selling aggressively at the open:
Sold TNA AUG 23 2019 52.0 Calls @ 2.85
Of course 20 seconds after the sale the China announcement (rumor) comes out. Can’t believe people actually believe anything’s going to happen over there.
REGN
#CoveredCalls – Same as WYNN. Fairly aggressive through earnings.
Bought to Close REGN AUG 09 2019 312.5 Call @ .10 (sold for 5.10)
Sold REGN AUG 23 2019 315.0 Call @ 3.80
WYNN
#CoveredCalls – Sold earnings premium pretty aggressively and it paid off…
Bought to Close WYNN AUG 09 2019 113.0 Call @ .10 (sold for 5.70)
Sold WYNN AUG 30 2019 112.0 Call @ 2.20
SPY
#ShortPuts – Playing this as a temporary bounce and taking the quick profit…
Bought to Close SPY OCT 18 2019 270.0 Put @ 2.89 (sold for 5.50)
KHC
#ShortPuts – Had to leave for awhile today so missed the biggest drop. Trying to catch a little bit of the move anyway. Starter position at 34% annualized if held to expiration or a 6.2% divvy @ a 25.80 basis. Hopefully get to add a couple more later. Thanks @honkhonk81 for the heads up!
Sold KHC SEP 06 2019 26.5 Puts @ .70
WYNN
#CoveredCalls – Assigned early on some stock which was fine with me. Getting a chance to sell into the bounce and capture the divvy next week.
Sold WYNN AUG 30 2019 115.0 Call @ 2.54
TNA
#CoveredCalls – Basis reduction is about all you can do here…
Bought to Close TNA AUG 09 2019 59.0 Call @ .08 (sold for 1.56)
Sold TNA AUG 16 2019 54.0 Call @ 2.05
SQ
#CoveredCalls – Getting some fresh premium going while volatility is still up a little…
Bought to Close SQ AUG 16 2019 71.0 Calls @ .20 (sold for 1.34)
Sold SQ SEP 6 2019 70.0 Calls @ 1.27
ISRG
#JadeLizards – Rolling call spread down to the short put strike for additional premium. Still no upside risk but won’t make as much on a rally.
Rolled ISRG AUG 16 2019 535.0/540.0 BeCS to ISRG AUG 16 2019 500.0/505.0 BeCS @ 1.78 credit.
Total premium received now is up to 7.70. Make 2.70 on a big rally or receive stock at a basis of 492.30
WYNN Earnings
#CoveredCalls #Earnings – Similar to REGN yesterday rolling a covered call down aggressively for more premium. Fading the rally today…feels like all news is still bad news. REGN beat top and bottom and stock went nowhere.
Rolled WYNN AUG 09 2019 121.0 Call to AUG 09 2019 113.0 Call @ 2.40 credit (5.75 total now)
DRIP
#BearCallSpreads – After seeing a crude oil chart yesterday with Carter Worth talking about the potential downside in oil I’m moving my naked call into bear call spreads. Going out in time and increasing size to make it worthwhile. I believe DRIP will be below 70 by 2021. Recently I’ve been trying to really cap my losses to the upside and this helps with that.
Rolled DRIP DEC 20 2019 115.0 Call to JAN 15 2021 70.0/80.0 Bear Call Spreads
Total credit in the spreads is now 1.60 per spread. I look at this as being similar to long term UVXY positions I’ve had in the past on huge spikes…
SPY
#ShortPuts – Adding here. Almost caught the high of the day on this one…
Sold SPY OCT 18 2019 270 Put @ 5.50
REGN Earnings
#CoveredCalls – Rolling covered call down fairly aggressively to slightly inside the expected move. Seems like all news will be bad news for awhile no matter what they report.
Rolled REGN AUG 09 2019 325.0 Call to AUG 09 2019 312.5 Call @ 2.65 credit (4.95 total now)
SQ
#CoveredCalls – Getting a tiny bounce so selling covered calls at the 200ma resistance. Using spreads since no naked calls in this account and won’t get the stock until the weekend.
Sold SQ AUG 16 2019 71.0/81.0 Bear Call Spreads @ 1.34
LABU
#CoveredCalls – Can’t quite get it to expire…
Rolled LABU AUG 02 2019 42.0 Call to AUG 23 2019 44.0 Call @ 1.95 credit
TNA
#CoveredCalls – Selling the weekly at 50ma/200ma resistance…
Bought to Close TNA AUG 02 2019 60.0 Call @ .06 (sold for 2.52)
Sold TNA AUG 09 2019 59.0 Call @ 1.56
REGN
#CoveredCalls – Earnings next week so selling just outside the expected move. I’ll adjust down if needed prior to the announcement.
Bought to Close REGN AUG 02 2019 312.5 Call @ .10 (sold for 2.30)
Sold REGN AUG 09 2019 325.0 Call @ 2.45
XBI
#ShortrPuts – Adding one here…
Sold XBI SEP 20 2019 80.0 Put @ 2.00
SPY
#ShortPuts – First sale in what I’m hoping will be a long term position. Been holding well over half my cash to start easing into this one. First sale down near the 200ma. VTI is probably a slightly better return but I prefer the liquidity. Now just need a chance to add a few more times.
Sold SPY SEP 20 2019 280.0 Put @ 2.96
7.8% annulaized if held to expiration…
UVXY
#BearCallSpreads – Sold UVXY SEP 20 2019 45.0/55.0 Bear Call Spreads @ .83
STX
#Earnings #ShortPuts – Earnings tomorrow but I’m going out to Sep for safety. Divvy yield of 6.42% at a basis of 39.20. Trade itself makes 14.9% annualized if held to expiration.
Sold STX SEP 20 2019 40.0 Puts @ .80
SQ Earnings
#Earnings #JadeLizards – With the little pullback and spike in volatility taking a shot at tomorrow.
Sold SQ AUG 2 2019 76.0/83.0/84.0 Jade Lizards @ 1.31
DRIP
#ContangoETFs – Oil imploding but DRIP still below yesterday’s high. That’s how it’s supposed to work!
WYNN Earnings
#ShortPuts – Selling this early after a decent pullback this week. This is a straight put sale hoping it’ll talk the stock down a little to help me roll a 121 strike covered call. I my add a Lizard next week. Earnings next Tue after the close.
Sold WYNN AUG 09 2019 125.0 Put @ 2.40
AAPL Earnings
#Earnings #JadeLizards – Another earnings announcement and another blowout to the upside. Thanks to the Lizard it still made a little cash.
Bought to Close AAPL AUG 16 2019 195.0/212.5/215.0 Jade Lizard @ 1.87 (sold for 2.51)
Order in to close the put side for .01
WYNN Earnings
Finally confirmed…
LAS VEGAS–(BUSINESS WIRE)– Wynn Resorts, Limited(WYNN) announced today that it will release the Company’s financial results for the second quarter ended June 30, 2019 after the market close on Tuesday, August 6, 2019, followed by a conference call at 1:30 p.m. PT (4:30 p.m. ET).
The call will be broadcast live at www.wynnresorts.com under the “Company Information” section. Interested parties may also dial (888) 455-5965 or, for international callers, (773) 799-3869. The conference call access code is 3983556.
A replay of the call will be available through September 8, 2019 by dialing (888) 567-0385 or, for international callers, (402) 998-1755. The replay access code is 9694971. The call will also be archived at www.wynnresorts.com.
AAPL Earnings
#Earnings #JadeLizard – The usual. Playing for a down move just outside the expected move with no upside risk. Going out to Aug monthly for a little more room.
Sold AAPL AUG 16 2019 195.0/212.5/215.0 Jade Lizard @ 2.51
DRIP
#ContangoETFs #ShortCalls – Now that’s a pretty red bar!
WYNN Earnings
Up to their old tricks again. All sorts of earnings dates out there. TOS shows Aug 1st unconfirmed and Fidelity shows today. IV on the option chain would lead me to believe it’s next week. C’mon WYNN get your sh#t together!
NVDA
#ShortPuts – I just don’t feel right when I don’t have a position in this one. One of my top performers last 2 years so jumping back in for (hopefully) a quickie prior to earnings.
Sold NVDA AUG 09 2019 167.5 Put @ 2.00
BYND Earnings
#Earnings – One earnings trade and one not an earnings trade but needed a pullback. Completely out of this stock now.
Breakeven on regular earnings since I don’t want any chance of being stuck in this thing…
Bought to Close BYND AUG 2 2019 140/170/225/227.5 Jade Lizard (skewed iron condor?) @ 3.17 (sold for 3.16)
Nice profit on the call spreads sold ITM…
Bought to Close BYND NOV 15 2019 200.0/205.0 Bear Call Spreads @ 1.30 (sold for 2.50)
BYND Earnings
#Earnings #JadeLizards – I feel like I’ve gotta play this just for the excitement aspect…LOL. I like @matt0311 ‘s idea which is similar to how I’ve played most of these earnings lizards. Selling call spread at the money and giving the put side room outside the expected move. In this case I’m also adding the junk long put in case this thing absolutely implodes. I’m also short some ITM call spreads so I wouldn’t hate a test of my put here.
Sold BYND AUG 2 2019 140/170/225/227.5 Jade Lizard (skewed iron condor?) @ 3.16
REGN
#CoveredCalls – Every time it looks like a breakout it sells off again. Building a nice long base that’s gonna go up or down eventually. 🙂 🙂
Bought to Close REGN JUL 26 2019 315.0 Call @ .10 (sold for 5.90)
Sold REGN AUG 02 2019 312.5 Call @ 2.30
Earnings Aug 6th…
AVGO
#ShortPuts – Taking this off a couple weeks early…
Bought to Close AVGO AUG 09 2019 265.0 Put @ .35 (sold for 3.40)
BYND
#BearCallSpreads – I’ve gotta take a shot at this thing. Going defined risk out to Nov and slightly in the money. Possibly leg into an iron condor on a pullback.
Sold 2 BYND NOV 15 2019 200.0/205.0 Bear Call Spreads @ 2.50
SOXL
#ShortPuts – Not my smartest trade with this thing so extended and sitting near a quadruple top. Maybe this’ll stir things up a little. Selling just above the 50ma…
Sold SOXL AUG 16 2019 150.0 Put @ 2.30
XBI
#ShortPuts – Starter position out to September. Hoping to build on it from here…
Sold XBI SEP 20 2019 80.0 Put @ 1.55
TNA
#CoveredCalls – Rolling up and out but keeping a little downside protection…
Rolled TNA JUL 26 2019 58.0 Calls to AUG 16 2019 59.0 Calls @ .11 credit
LABU
#ShortPuts – Drug prices back in the news today so taking profits on this one and looking to re-load in XBI. Premium not as good there but no drag to worry about either. Only 100 shares of LABU left so looking to get out of those in the next few weeks too.
Bought to Close LABU JUL 26 2019 45.0 Put @ .55 (sold for 2.20)
Not exactly sure how much this will impact the industry. We can hope for some selling! 🙂 🙂
https://www.reuters.com/article/us-usa-drugpricing-exclusive/exclusive-white-house-preparing-order-that-would-cut-drug-prices-for-medicare-sources-idUSKCN1UJ354
NTES
#ShortPuts -Earnings in a couple weeks so with the stock breaking support I’m getting out for a tiny profit and waiting.
Bought to Close NTES JUL 26 2019 237.5 Put @ 2.70 (sold for 3.03)
XLNX Earnings
#Earnings #JadeLizard – Big bounce right out of the gate so booking it in case the call spread gets in trouble.
Bought to Close XLNX JUL 26 2019 121/129/132 Jade Lizards @ 1.39 (sold for 3.03)
XLNX Earnings
#Earnings #JadeLizards – Everything seems so overbought I’m having trouble finding anything for tomorrow. XLNX is one of the cheaper ones though with pretty good premium. Playing it like all the others…to the downside with no upside risk.
Sold XLNX JUL 26 2019 121/129/132 Jade Lizards @ 3.03
This would get the stock below the 100ma and just above the 50ma and require a move down of 30 percent more than expected.
EDIT…not very much but still a 1.25% divvy yield at 118. Could probably easily triple that with covered call sales.
Options Bistro 