#ShortPuts – Down after earnings so selling at recent lows. Starter position giving it room out to Sep.
Sold URI SEP 20 2019 110.0 Put @ 2.55
Author Archives: fuzzballl
ISRG Earnings (high risk)
#Earnings #JadeLizards – Legging into the Lizard on the bounce…
Sold ISRG JUL 19 2019 530.0/540.0 Bear Call Spread @ 3.55
Position is now Friday’s 505.0/530.0/540.0 Jade Lizard @ 10.25
No upside risk and downside breakeven is 10 dollars below the 50ma and 5 dollars outside the expected move…but…could go anywhere. Earnings after the close tomorrow.
ISRG Earnings (high risk)
#Earnings – Normally don’t enter these until the day of earnings but taking a shot with today’s pullback. Might leg into a #JadeLizard on a bounce. Selling the put side down at the 50ma. Hasn’t been a whole lot to do last week or so. Just letting some earlier sales wind down.
Sold ISRG JUL 19 2019 505.0 Put @ 6.70
ILMN SOXL
#ShortPuts – Booking one and selling one in this slow week. Looking forward to some earnings volatility over the coming weeks.
Selling near the 52 week lows and the week prior to earnings.
Sold ILMN JUL 26 2019 280.0 Put @ 2.60
Booking one I had to roll last month. Need some weakness to get back in now.
Bought to Close SOXL JUL 19 2019 135.0 Put @ .50 (sold for 12.10)
WYNN
#ShortPuts – Replacing stock getting called away. Selling prior to earnings…
Sold WYNN JUL 26 2019 126.0 Put @ 2.10
SMM OMM
Anybody still members over there? Prices go up tonight. Took a 30 day free trial just to see what’s been going on. Doubt if I re-join but wanted to lock in the lower price just in case…
REGN
#CoveredCalls – Still squeezing. Against my better judgement I’m selling one more round prior to earnings and hopefully before a big breakout.
Bought to Close REGN JUL 05 2019 320.0 Call @.05 (sold for 2.33)
Sold REGN JUL 26 2019 325.0 Call @ 3.20
TNA WYNN
#CoveredCalls – Using the weakness to get a couple rolls in…
TNA: Finally back in the green on this one after selling covered calls in the hole and getting caught in the Dec/May mega rally
Rolled TNA JUL 05 2019 60.o Call to JUL 19 2019 61.5 Call @ .35 credit
WYNN: Rolling one and probably letting the rest get called away this week. Took stock at 135 a few months ago and worked back to a small profit. Looking for a re-entry sale for week prior to earnings.
Rolled WYNN JUL 12 2019 118.0 Call to AUG 09 2019 121.0 Call @ .19 debit
AVGO
#ShortPuts – Selling at the expected move and at the 200ma. Also well before next earnings…
Sold AVGO AUG 09 2019 265.0 Put @ 3.40
EDIT: 4.1% divvy yield down there also
NVDA
#ShortPuts – Just to stay involved in this one. Selling a couple weeks prior to next earnings.
Sold NVDA AUG 02 2019 152.5 Put @ 2.40
TNA WYNN
#CoveredCalls – Just can’t quite get these to expire. Continuing to trickle them up…
Rolled TNA JUN 28 2019 59.0 Call to JUL 05 2019 60.0 Call @ .10 credit
Rolled WYNN JUN 28 2019 123.0 Call to JUL 05 2019 126.0 Call @ 1.05 credit
REGN
#CoveredCalls – Getting what I can. Building a nice base and squeezing but could still go either way.
Bought to Close REGN JUN 28 2019 317.5 Call @ .10 (sold for 3.13)
Sold REGN JUL 05 2019 320.0 Call @ 2.33
CSX
#ShortPuts – Starter position but never got a chance to add. Running low on inventory so wouldn’t mind seeing a Trump/Xi throwdown at the G20 🙂 🙂
Bought to Close CSX JUL 05 2019 72.5 Put @ .10 (sold for 1.30)
DRIP FAZ TZA Reverse Splits
#ReverseSplit – https://www.nasdaq.com/markets/upcoming-splits.aspx
STZ Earnings
#JadeLizard – Better than nothing…
Bought to Close STZ JUN 28 2019 177.5/190.0/192.5 Jade Lizard @ 2.25 (put side expiring) (sold for 3.00)
STZ Earnings
#JadeLizard – No upside risk and selling the put at the expected move. Stock basis would be down around the May spike low if it implodes…
Sold STZ JUN 28 2019 177.5/190.0/192.5 Jade Lizard @ 3.00
ABBV T
#Shortputs – Booking a couple…
Bought to Close ABBV JUL 19 2019 65.0 Put @ .55 (sold for 2.01) thanks @geewhiz112 !
Bought to Close T JUL 05 2019 31.5 Puts @ .05 (sold for .53)
ABBV
#ShortPuts – Thanks @geewhiz112 for the idea. Earnings should be the following week. 6.8% divvy at the basis I would receive the stock.
Sold ABBV JUL 19 2019 65.0 Put @ 2.01
XBI
#ShortPuts – Thanks @Ramie for the idea…
Sold XBI AUG 02 2019 77.5 Puts @ .84
NVDA
#ShortPuts – Hoping for at least a little pullback in this thing to get back in next week…
Bought to Close NVDA JUN 28 2019 140.0 Put @ .26 (sold for 2.52)
SOXL TNA WYNN
#CoveredCalls #ShortPuts – Doing some rolling today…
Rolled SOXL JUN 21 2019 140.0 Put to JUL 19 2019 135.0 Put @ 6.70 credit (12.10 credit total now)
Rolled TNA JUN 21 2019 56.0 Calls to JUL 26 2019 58.0 Calls @ .20 credit
Rolled WYNN JUN 21 2019 115.0 Call to JUL 12 2019 118.0 Call @ .35 credit
Rolled WYNN JUN 21 2019 120.0 Call to JUN 28 2019 123.0 Call @ .05 credit
LABU
#ShortPuts – Booking and selling new at the breakout level just below the 50ma. Trying to roll an itm covered call also so wouldn’t mind a pullback.
Bought to Close LABU JUN 21 2019 45.0 Put @ .05 (sold for 2.65)
Sold LABU JUL 26 2019 45.0 Put @ 2.20
NTES
#ShortPuts – For the 8th time this year. Selling just below the 200ma and 2 weeks before earnings. G20 will probably move this thing around a little…
Sold NTES JUL 26 2019 237.5 Put @ 3.03
BYND
#ShortCalls – I’ve been real good this year about avoiding these kinds of stocks that make no sense…(see Iceman’s post below)…but couldn’t help myself. Giving back a couple of my earnings trades winners here and walking away. Could be at 90 or 290 by Friday so see ya! Lesson learned.
Bought to Close BYND JUN 21 2019 190.0 Call @ 9.60 (sold for 1.60)
UVXY XBI
#DiagonalBearCallSpreads #ShortPuts – A couple today…
Bought to Close UVXY JUN 21 2019 42.5 Call @ .15 (sold for 2.30)
Bought to Close XBI JUN 21 2019 78.0 Put @ .10 (sold for 2.00)
Options Expiration
#OptionsExpiration – Just one. A nice chunk of EWZ stock called away for a small gain…
EWZ stock called away @ 40.0 (basis 39.41)
EWW
#ShortPuts – Stock looking weaker and no sense waiting two weeks for a few pennies. Watching for a re-entry…
Bought to Close EWW JUN 28 2019 41.5 Puts @ .13 (sold for .87)
NVDA
#ShortPuts – Another good week for this one. Still trading near the bottom of it’s range…
Bought to Close NVDA JUN 14 2019 145.0 Put @ .30 (sold last Friday @ 2.40)
Sold NVDA JUN 28 2019 140.0 Put @ 2.52
SQ News…
Square Stock May Get a Boost From Its Cash Card, Analyst Says — Barrons.com
DOW JONES & COMPANY, INC. 1:17 PM ET 6/14/2019
The loyalty features that come with Cash Card from payments company Square can help grow revenue, rather than be a drag on the company’s margins, KeyBanc’s Josh Beck said in a note to clients Friday.
Square stock was down about 1% in Friday trading.
The back story. The company’s stock is up more than 27% in 2019, which is something of a lull for shares that have almost tripled over the past two years.
That longer-term surge has been driven by fast revenue growth due in part to the rising use of credit and debit cards. Square’s Cash app, which competes with PayPal’s Venmo, has also increased in popularity. The Cash Card is a debit card that is linked to customers’ Cash app accounts. That let’s them spend the money in the Cash app for purchases anywhere Visa is accepted.
The Cash Card’s loyalty program is called “Boost” and it lets cardholders choose to receive discounts of 10% or more at various restaurants or coffee shops.
What’s new. The question, Beck noted, is does “the popularity of the loyalty feature crimp Square economics or is it a catalyst to drive ‘everyday’ type of spend and ultimately improve engagement?”
Beck’s analysis left him “more positive on the revenue potential for Cash Card,” he wrote. Overall, the financial cost of the loyalty program will be “more than offset by higher engagement,” from Cash cardholders, he concluded.
Looking ahead. Beck thinks that Square will compound annual revenue growth of about 35% over the next three years and will hit have a 26% margin by 2021. His target price is $100 a share, which represents about 40% upside.
BYND
#ShortCalls – My first trade in this thing. May add a put on any weakness. Expected move of about 23 points next week.
Sold BYND JUN 21 2019 190.0 Call @ 1.60
TNA
#CoveredCalls – Re-load…
Bought to Close TNA JUN 14 2019 58.5 Call @ .10 (sold for 1.55)
Sold TNA JUN 28 2019 59.0 Call @ 1.80
AVGO Earnings
#Earnings #JadeLizards – A little bounce is letting me out for a decent profit.
Bought to Close AVGO JUN 14 2019 265/280/285 Jade Lizard @ 2.80 (sold for 5.10)
Closed the put side and letting call side expire…
AVGO Earnings
#Earnings #JadeLizards – Playing this one with max downside protection again and no upside risk. Breakeven just outside the expected move and at the 200ma…
Sold AVGO JUN 14 2019 265/280/285 Jade Lizard @ 5.10
NTES REGN UVXY
#ShortPuts #CoveredCalls #DiagonalBearCallSpreads – A little bit of everything today…
Bought to Close NTES JUN 14 2019 247.5 Put @ .10 (sold for 3.40)
Bought to Close REGN JUN 14 2019 320.0 Call @ .10 (sold for 4.10)
Sold REGN JUN 28 2019 317.5 Call @ 3.13
Bought to Close UVXY JUN 14 2019 40.0 Calls @ .05 (sold for 2.20 and 2.50)
LULU RH Earnings
#Earnings – No harm no foul and made a little…
Bought to Close LULU JUN 14 2019 152.5/170.0/172.5 Jade Lizard @ 2.14 (sold for 3.10)
Bought to Close RH JUN 14 2019 80.0/100.0/103.0 Jade Lizard @ 3.01 (sold for 3.15)
Looking at a similar play on AVGO now…
YESSSS!!!!!
SQ
#ShortPuts – Completely out of this now…
Bought to Close SQ JUN 21 2019 60.0 Puts @ .10 (sold for 1.06)
RH Earnings
#Earnings #JadeLizard – Never had much luck with this one but IV is high enough to give it a shot…
Sold RH JUN 14 2019 80.0/100.0/103.0 Jade Lizard @ 3.15
LULU Earnings
#Earnings #JadeLizards – My usual. Playing max downside protection with no upside risk. Would get the stock at a basis right at the 200ma.
Sold LULU JUN 14 2019 152.5/170.0/172.5 Jade Lizard @ 3.10
UVXY
#DiagonalBearCallSpreads – Let’s give Mr. Market something to shoot at…
Sold UVXY JUL 5 2019 40.0 Call @ 2.00
EEM
#ShortPuts – Slow week so far…taking these off early.
Bought to Close EEM JUN 21 2019 39.0 Puts @ .04 (sold for .52)
NVDA
#ShortPuts – Booking and re-selling…
Bought to Close NVDA JUN 07 2019 145.0 Put @ .10 (sold for 3.05)
Sold NVDA JUN 14 2019 145.0 Put @ 2.40
FIVE SFIX Earnings
#Earnings #JadeLizards #IronFlies – No interest in messing with these beyond today…
Was looking a little weak so booked it:
Bought to Close FIVE JUN 7 2019 117.0/126.0/129.0 Jade Lizard @1.67 (sold for 3.10)
Pulled back just enough to get out at even:
Bought to Close SFIX JUN 7 2019 21.5/24/24/26.5 Iron Flies @ 2.05 (sold for 2.10)
SFIX Earnings
#Earnings – Lotsa premium in this one. Selling an iron fly just inside the expected move…
Sold SFIX JUN 7 2019 21.5/24/24/26.5 Iron Flies @ 2.10
Risk 40 to make 210
UVXY
#DiagonalBearCallSpreads – Playing it safe. Had to roll this on Friday last week so bailing now.
Bought To Close UVXY JUN 7 2019 40.0 Call @ .26 (sold for 4.39)
FIVE Earnings
#Earnings #JadeLizard – Going for extra downside protection again so selling the call side at the money. As usual no upside risk and playing for a move down to the 200ma.
Sold FIVE JUN 7 2019 117.0/126.0/129.0 Jade Lizard @ 3.10
CRM Earnings
#Earnings #JadeLizard – Taking what I can get. Could hold until Friday and hope for a pullback but gonna go ahead and close it.
Bought to Close CRM JUN 7 2019 142.0/150.0/152.5 Jade Lizard @ 2.05 (sold for 2.90)
CRM Earnings
#JadeLizard #Earnings – Selling the lizard with the put side at the expected move and the call side nearly at the money with the stock up 4 dollars today. Playing for a slight down move with no upside risk.
Sold CRM JUN 7 2019 142.0/150.0/152.5 Jade Lizard @ 2.90
UVXY
#DiagonalBearCallSpreads – Surprised this thing isn’t higher today. Rolling out but not up for next week…
Rolled 1 UVXY MAY 31 2019 40.0 Call to JUN 7 2019 40.0 Call @ 2.09 credit (4.39 total credit now)
EWW
#ShortPuts – Originally was looking out to July near the 40 strike. Moving in a little closer in time and a slightly more aggressive strike…
Sold EWW JUN 28 2019 41.5 Puts @ .87
ULTA Earnings
#Earnings – The Modified #JadeLizard (unbalanced skewed iron condor?) worked out pretty good. A little down move but held support.
Bought to Close ULTA MAY 31 2019 280/305/340/345 @ .20 (sold for 5.12)
EWW
#ShortPuts – One to watch tomorrow. Five percent tariffs announced tonight on Mexico. This thing rarely trades below 40 and it could easily open down there tomorrow…
UVXY
ULTA Earnings
Modified #JadeLizard (unbalanced skewed iron condor?) with some downside protection and no upside risk. Breakeven down near the 200ma and near the average move of the stock on earnings.
Sold 1 ULTA MAY 31 2019 280/305/340/345 @ 5.12
REGN
#CoveredCalls – Plugging away…
Bought to Close REGN MAY 31 2019 325.0 Call @ .10 (sold for 2.00)
Sold REGN JUN 14 2019 320.0 Call @ 4.10
T
#ShortPuts – Recently had all of my stock called away (again). Looks to be pulling back into congestion so reloading at the 50ma. Ex dividend on July 9th and earnings on July 24th so I’d like to be back in it again by then so…
Sold T JUL 05 2019 31.5 Puts @ .53
Still 16.35 percent annualized if I don’t get the stock…
UVXY
#DiagonalBearCallSpreads – Replacing some closed last week…
Sold 1 UVXY JUN 14 2019 40.0 Call @ 2.20
Sold 1 UVXY JUN 21 2019 42.5 Call @ 2.30
CSX
#ShortPuts – Starter position the week prior to next earnings and near the 200ma…
Sold CSX JUL 05 2019 72.5 Put @ 1.30
Expiration
#OptionsExpiration – Actually had a couple today…
T Stock called away at 31.50 (basis 30.69)
UVXY 40 Calls (sold for 1.40 and 2.70)
UVXY
#DiagonalBearCallSpreads – Not worth holding for two more weeks. With a few more calls rolling off today will be well positioned for the next spike.
Bought to Close UVXY JUN 7 2019 55.0 Call @ .34 (sold for 2.50)
XBI
#ShortPuts – Forgot I had this order in. Would’ve got the penny fill now. Still commission free in this account…
Bought to Close XBI MAY 24 2019 80.0 Put @ .09 (sold for 1.26)
ADSK SPLK Earnings
#JadeLizards #Earnings – Could possibly squeeze a little more out of these but not worth waiting. Both cooperated nicely. As I’m typing this SPLK is approaching 121 so good to be out early.
Bought to Close ADSK MAY 24 2019 152.5/170.0/172.5 Jade Lizard @ .35 (sold for 2.60)
Bought to Close SPLK MAY 24 2019 121/132/135 Jade Lizard @ .85 (sold for 2.95)
SPLK Earnings
#JadeLizard #Earnings – Almost identical to ADSK. This thing can go anywhere. If it tanks I’ll get the stock around the 50ma. A nickel of upside risk…
Sold SPLK MAY 24 2019 121/132/135 Jade Lizard @ 2.95
ADSK Earnings
#JadeLizard #Earnings – Copy and paste from last earnings with slightly different strikes. Playing for a down move to no more than the 200ma.
#JadeLizard – This thing can go anywhere. If it tanks I’ll get the stock around the 50ma. No upside risk…
Sold ADSK MAY 24 2019 152.5/170.0/172.5 Jade Lizard @ 2.60
EWZ
#CoveredCalls – A little at a time…
Bought to Close EWZ MAY 31 2019 41.0 Calls @ .09 (sold for .41) Fidelity is commission free at .10 and lower…
Sold EWZ JUN 14 2019 40.0 Calls @ .72
UVXY
#DiagonalBearCallSpreads – Adding one…
Sold UVXY JUN 14 2019 40.0 Call @ 2.50
UVXY
#LongPuts – Bought a bunch of these on the big spike in Dec and Jan. Have gradually reduced basis in them by selling call spreads and puts. Booking two thirds of them now and keeping enough to match my ITM short puts. Also using about a third of call premium received each month to finance the rolling down of the short puts until we get the next big spike.
Sold to Close 10 UVXY JAN 15 2021 50.0 Puts @ 29.30 (bought for 22.90)
SQ
#ShortPuts – Taking this one off on the bounce. Still holding more out in Jun monthly at the 60 strike.
Bought to Close SQ MAY 31 2019 65.0 Put @ .72 (sold for 2.00)
Micro E-mini Futures
#Futures – Just stumbled across this on twitter…
https://www.cmegroup.com/cme-group-futures-exchange/micro-futures.html
NTES
#ShortPuts – Down nicely today. Selling (again) down near the 200ma in a lot of congestion and well before next earnings. 7th time in this one this year.
Sold NTES JUN 14 2019 247.5 Put @ 3.40
EEM
#ShortPuts – Starter position. Doesn’t look like much but still a nice 14.1% annualized.
Sold EEM JUN 21 2019 39.0 Puts @ .52
UVXY
#DiagonalBearCallSpreads – Playing it safe…
Bought to Close UVXY MAY 17 2019 40.0 Calls @ .05 (sold for 1.25 and 1.85)
XBI
#LongCalls #LEAPS – Rolling weeklies again…filled late yesterday
Rolled XBI MAY 17 2019 81.0 Calls to JUN 21 2019 84.0 Calls @ .03 debit
NVDA Earnings
#Earnings – Bought to Close NVDA MAY 17 2019 150.0 Put @ .06 (sold for 2.20)
CMG
#LongPuts – I had bought these as lottery tickets in a 401k with the plan of selling put spreads against them to pay them off. I’ve just been advised that spread trading will not be allowed in this account so walking away with the .30 loss. I could still set up the spread with two trades but refuse to pay Fidelity the extra commissions.
Sold CMG JAN 15 2021 210.0 Puts @ 1.50 (bought for 1.80)
Options Bistro 