#CoveredCalls – Rolling to capture the divvy of .63 and will probably let the stock go prior to next earnings unless it really pulls back to a better roll level. Basis 39.10 at that point…
Rolled STX MAR 08 2019 41.5 Calls to MAR 22 2019 41.5 Calls @ .10 credit
#Earnings – Sold SQ MAR 1 2019 83.0/78.0 Bull Put Spread @ 2.76
#Scalping – I did not trade this…woulda coulda shoulda…this is the entry I look for. A big move to a round number and the printing of the reversal. Would be a safe entry with stop beyond the “roundy”.
#LongCalls #LEAPS – The incredible becomes “incredibler”. I’ll continue selling 20 -25 cents per week indefinitely. Feels like a member of the family now!
#ShortPuts #IRA – I was looking at May 140-145 but decided to go more aggressively in April and keep the sale prior to next earnings. Nice having the roll/covered call possibility with the extra earnings premium.
Sold BIDU APR 18 2019 150.0 Put @ 2.87
#DiagonalBearCallSpreads – One late fill…
Sold UVXY MAR 22 2019 55.0 Calls @ 1.10
#CoveredCalls – Rolling one out and up…
Rolled LABU MAR 08 2019 52.0 Call to MAR 29 2019 54.0 Call @ .15 credit
#ShortCalls -This was a naked short call that went ITM in December. Rolled it way out and up slightly. Finally closing it for a profit. Can now move the call sales back to nearer term (if we ever get any more volatility)…
Bought to Close UVXY JUN 21 2019 57.0 Call @ 3.75 (sold for 4.00)
#DiagonalBearCallSpreads – Stocking up again to sell against later…
Bought UVXY APR 18 2019 90.0 Calls @ .30
#Earnings – Couldn’t watch the market until the close Friday. Caught a quick look at an article about Google and some new gaming stuff they’re developing so booked the BIDU early just in case.
Bought to Close BIDU FEB 22 2019 167.5 Put @ .70 (sold for 2.93)
#ShortPuts #IRA – Out of the earnings trade but still looking for some China exposure. Taking another shot a little lower…
Sold NTES APR 18 2019 190.0 Put @ 2.90
#Earnings #JadeLizard – Taking off the call side but still holding the 217.50 put for now….
Bought to Close NTES FEB 22 2019 232.5/237.5 Bear Call Spread @ .03
#ShortPuts #IRA – Not really an earnings play but if it works out that way I’ll take it. Mainly trying to acquire some stock for longer term covered call sales…
Sold BIDU FEB 22 2019 167.5 Put @ 2.93
#DiagonalBearCallSpreads – Selling diagonals against free March 90 short calls. Not as risky as it looks with ITM short puts helping.
Sold UVXY MAR 15 2019 52.5 Calls @ 1.42
#DiagonalBearCallSpreads – Selling diagonals against free March 90 short calls.
Bought to Close UVXY FEB 22 2019 57.5 Calls @ .02 (sold for 1.23)
I’ll be looking to sell again on any tiny little bounce in volatility…
#Earnings #JadeLizard – Haven’t had a chance to mess with much earnings this quarter other than NVDA last week. I’ll take a shot at NTES today with a slightly bearish play since the stock is up today and at resistance. Using a Jade Lizard (no upside risk). This position would need the stock to trade lower on the announcement but no lower than slightly more than the expected move (212.30 b/e). Worse case scenario it turns into a covered call position with nice weekly premium.
Sold NTES FEB 22 2019 217.5/232.5/237.5 Jade lizard @ 5.20
#LongCalls #LEAPS – Taking advantage of the never ending rise to get out of this at a tiny profit. Went long prior to the implosion but added the full position near the bottom. Ratio’d the call sales on the rise so happy to be out. Will look for a reset if we ever get a pullback.
Bought to Close TNA FEB 22 2019 49.0 Calls
Sold to Close TNA JAN 15 2021 70.0 Calls
#ShortPuts #IRA – One of my favorite tickers so adding here. Seems to be stabilizing above it’s 50ma but still near the bottom of it’s recent implosion. Based on the April expected move 137 is a possibility so selling near that area. 15.2% annualized if it goes to expiration…
Sold NVDA APR 18 2019 140.0 Put @ 3.30
#Earnings #CoveredCalls #ShortPuts – A few more in this one…
Bought to Close NVDA FEB 15 2019 150.0 Put @ .01 (sold for 4.50)
Sold NVDA MAR 15 2019 145.0 Put @ 2.46
Rolled a covered call out a few weeks…
Rolled NVDA FEB 15 2019 148.0 Call to MAR 08 2019 150.0 Call @ 1.50 credit (picking up 3.50 of upside)
In spite of a 7:50 am tee time I did get one fill right at the open.
Sold NVDA FEB 15 2019 150.0 Put @ 4.50
#CoveredCalls – Out the rest of the week so need to roll these today. Can’t get a pullback so doing best I can. This is definitely the downside of covered calls when profits are blocked. Can’t go up forever so at least some nice hedges for pullbacks. All covered calls…
SOXL: This one hurts with a basis of 72 covered at 95 and stock at 122. Uugh!
Rolled SOXL FEB 15 2019 95.0 Calls to MAR 15 2019 97.0 Calls @ .20 credit
TNA:
Too many to list. Most are ok and a couple DITM
TQQQ:
Rolled TQQQ FEB 15 2019 40.0 Calls to APR 18 2019 42.0 Calls @ .10 debit
WYNN:
Rolled WYNN FEB 15 2019 110.0 Call to JUN 21 2019 115.0 Call @ 1.63 credit
Rolled WYNN FEB 15 2019 120.0 Call to MAR 22 2019 124.0 Call @ .40 credit
#CoveredCalls – Meant to roll this sooner but forgot about it. Exercised early on a call for this Friday. Unfortunately I sold it in the hole figuring the market wouldn’t rally to ridiculous levels. Exercised at 45 with a basis of 63 so an 18 point loss.
To replace this position: (exercised on 1 but selling 2 to keep the new puts at reasonable levels)
Sold 2 TNA JUL 19 2019 65.0 Puts @ 9.50
If the stock continues up the entire position is a 50 cent winner. If it implodes I’ll have the shares at a 64.50 basis which seems reasonable given the circumstances.
#LongCalls #LEAPS – Just got in and see one fill today…
Bought to Close WTW FEB 22 2019 37.0 Calls @ .05 (sold for .65)
#LongCalls #LEAPS #ShortPuts #CoveredCalls – A few odds and ends yesterday. A great week for NVDA and earnings coming next week.
NVDA:
Bought to Close NVDA FEB 08 2019 150.0 Call @ .05 (covered sold for 4.70)
Sold NVDA FEB 15 2019 148.0 Call @ 4.90 (covered)
Bought to Close NVDA FEB 08 2019 145.0 Put @ .05 (sold for 2.51) I’ll sell again before Thur earnings
STX: Rolling picking up another .75 of upside
Rolled STX FEB 08 2019 41.0 Calls to MAR 08 2019 41.5 Calls @ .25 credit
UVXY: Selling diagonals against free March 90 short calls. Not as risky as it looks with ITM short puts helping.
Sold UVXY FEB 22 2019 57.5 Calls @ 1.23
WTW: Selling new positions very carefully as whipsaw risk increases and stock is 74 percent off recent highs. Earnings still a couple weeks away. Sales seem small but are twice what I need so could still become a nice winner eventually.
Bought to Close WTW FEB 15 2019 35.5 Calls @ .05 (sold for .30)
Sold WTW MAR 1 2019 39.0 Calls @ .30
#CoveredCalls – I did a trade! Woohoo! Have to say I don’t hate the pullback. Helps out some of the ITM positions.
Rolled TQQQ FEB 15 2019 44.0 Call to MAR 1 2019 45.0 Call @ .21 credit
Adding 1.21 of upside while still keeping a little more downside help.
#DiagonalBearCallSpreads – Going Iceman style figuring no huge volatility spikes this week…then have a month to sell against the free short calls.
Sold UVXY FEB 8 2019 54.0 Calls / Bought UVXY MAR 15 2019 90.0 Calls @ .02 credit
#LongCalls #LEAPS – One fill today on a batch of my many over-writes on this one…
Bought to Close WTW FEB 8 2019 36.0 Calls @ .05 (sold for .75)
#CoveredCalls – My other one is ITM and requiring lengthy rolls. Trying to stay out of the way on this one. Hopefully they’ll be adding strikes eventually. Pretty poor selection right now.
Rolled LABU FEB 15 2019 49.0 Call to MAR 08 2019 52.0 Call @ .25 credit
#CoveredCalls – Looked safe a couple days ago but not now. Rolling out a week and up 5 points. Earnings the following week so very nice premium coming up. Have to do this now since I’ve gotta leave before the close.
Rolled NVDA FEB 01 2019 145.0 Call to FEB 08 2019 150.0 Call @ .30 credit
Short a 145.0 Put next week also. Setting up for the roll into earnings if needed.
#ShortPuts #CoveredCalls – Assigned early at 30.21 basis which I don’t mind. Can get the call sales done now.
Sold T MAR 15 2019 31.0 Calls @ .41
#LongCalls #CoveredCalls #LEAPS #ShortPuts – Been a slow couple weeks with the rally and being busy at work. Pretty much all hands on deck to keep things going with this crazy weather! Rolling some covered calls and ratio’d short calls against LEAPS and booking a couple winners for safety. Haven’t been adding anything new…just working with what I’ve got and trying to streamline things a little and be better about adding anything.
AMAT: Ratio’d and rolling just a week to stay prior to earnings.
Rolled AMAT FEB 1 2019 36.0 Calls to FEB 8 2019 36.0 Calls @ .10 credit
LABU: One contract DITM roll below basis…my least favorite position right now but can roll as long as needed.
Rolled LABU FEB 15 2019 35.0 Call JUN 21 2019 40.0 Call @ .01 credit
SMH: Ratio’d roll. Trying to stay as short term as possible.
Rolled SMH FEB 8 2019 91.0 Calls to FEB 22 2019 91.5 Calls @ .17 credit
SOXL: This was ITM not long ago so booking it. Sell again on next pullback.
Bought to Close SOXL FEB 15 2019 75.0 Put at .55 (sold for 3.50)
TNA: Big rally so rolling ratio’d and covered.
Rolled TNA FEB 8 2019 48.5 Calls to FEB 22 2019 49.0 Calls @ even (LEAPS position)
Rolled TNA FEB 1 2019 50.0 Calls to MAR 15 2019 52.0 Calls @ .20 credit (covered)
TQQQ: Added to LEAPS a few days ago so this is ratio’d now.
Rolled TQQQ FEB 8 2019 40.5 Calls to FEB 22 2019 41.0 Calls @ .06 credit
Rolled TQQQ FEB 15 2019 40.0 Call to MAR 15 2019 41.0 Call @ .20 credit (covered)
URI: Book it!
Bought to Close URI FEB 15 2019 105.0 Put @ .20 (sold for 2.30)
UVXY: Rolling short ratio’d puts down. Long LEAP puts working great. This works as a nice hedge on volatility spikes.
Rolled UVXY FEB 15 2019 70.0 Puts to MAR 15 2019 68.0 Puts @ .10 credit
XBI: Ratio’d roll.
Rolled XBI FEB 1 2019 78.0 Calls to FEB 22 2019 79.0 Calls @ .06 credit.
Obviously if I’d seen the Powell capitulation coming I’d not have sold any covered calls. Rolling working fine but capping upside (but giving a nice hedge also). These are all long term positions so working fine. Ratio’d short calls selling below LEAPS is a must. That way the rolls can be gradual since small to no upside risk.
#Hedges -From last weekend’s freebie. Go to the 10:30 mark to see his VIX hedge. Basically sell puts to finance bull call spreads. Could be getting close to time again…
https://theotrade.com/clouded-market-clarity-provides-these-trade-setups/
If anyone is bored…LOL
https://go.topgunoptions.com/ft
#ShortPuts – This is a little bit of a gamble since there are conflicting reports of an earnings date. I think it’ll be the following week so selling this. This would add to a stock position going into earnings with great call premium available…
Sold NVDA Feb 08 2019 145.0 Put @ 2.51
#ShortPuts #Earnings – Starter position a little early. Earnings on the morning of the 30th…
Sold T Feb 01 2019 31.0 Puts @ .79
#ShortPuts #Earnings – Had pretty good luck with this one in the past. Just selling a put out in Feb monthly so not technically an earnings play but should have some volatility crush in the monthlies. Wouldn’t mind owning a little…
Sold URI Feb 15 2019 105.0 Put @ 2.30
#CoveredCalls – Full position now sold in earnings week…
Sold STX Feb 08 2019 41.0 Call Limit @ 1.11
#CoveredCalls – Sold TQQQ Mar 15 2019 50.0 Calls @ 1.15
#CoveredCalls – Sold TNA Feb 15 2019 58.0 Calls @ 1.02
#CoveredCalls – Sold LABU Feb 15 2019 49.0 Call @ 1.96
#BearCallSpreads – Busy week away from the market but managed one fill today…
Sold UVXY FEB 1 2019 72.5/82.5 Bear Call Spreads @ 1.37
#CoveredCalls #ShortPuts #LongPuts #LEAPS – Various adjustments…
AAOI: Feels like a family member now…LOL Replacing this week’s expiration
Sold AAOI FEB 15 2019 17.5/22.5 Bear Call Spreads @ .46 (prior to earnings hopefully)
LABU:
Will be assigned stock at 56.60 basis
MO: LEAPS are now unhedged leading into earnings…(for now)
Bought to Close MO JAN 25 2019 50.5 Calls @ .02 (sold for .25)
STX:
Will be assigned a little more stock at 40.20 basis
TNA: Rolling covered calls and assignment
Rolled TNA Jan 18 2019 50.0 Call to Feb 22 2019 52.5 Call @ .01 credit
Will be assigned stock at basis of 62.70, 56.95, and 56.00
TQQQ: Booking covered calls. No new sales yet. (partial fill on this yesterday at .05 Grrrr!)
Bought to Close TQQQ Jan 18 2019 45.0 Calls @.40 (sold for 1.65)
Still watching a short 45.0 strike put. If assigned basis of 42.85
UVXY: Rolling ratio’d short puts down.
Rolled UVXY FEB 1 2019 72.5 Puts to MAR 15 2019 69.0 Puts @ .62 credit
#Earnings – Stock is weak so taking a small winner instead of a small loser. Now it’s free to rally back!
Bought to Close NFLX JAN 18 2019 340/350/360 Iron Fly @ 7.45 (sold for 9.10)
#ShortPuts #IRA – I’ll look to re-load on any weakness…
Bought to Close T Jan 18 2019 31 Puts @0.25 (sold for 1.30)
#Earnings #IronFlies -sold 50 cent wide @ .45…LOL
#Earnings #IronFlies – Just taking a crazy shot here. Hoping all the news is out there now. 350 is also a nice even number (but so is 300 and 400 🙂 ). Selling an iron fly well inside the expected move risking 90 to make 910…
Sold NFLX JAN 18 2019 340/350/360 Iron Fly @ 9.10
This is the $100 I was going to put on the Chiefs +3 line…LOL
#LongCalls #LEAPS #CoveredCalls – A few fills this morning…
RTN: Seems to be recovering so giving it some room into earnings. May add Bull Put Spreads also…
Bought to Close RTN JAN 18 2019 165.0 Calls @ .05 (sold for .60 as BeCS)
Sold RTN FEB 15 2019 170.0/180.0 Bear Call Spreads @ 1.20
STX: Covered Calls selling new ones in earnings week…
Bought to Close STX Jan 18 2019 40.0 Calls @ .05 (sold for .68)
Sold STX Feb 08 2019 41.0 Calls @ .96
TNA: Looking good now. Went full position on Jan 7th on LEAPS and ratio’d weekly sales…
Rolled TNA JAN 18 2019 47.0 Calls to FEB 8 2019 48.5 Calls @ .05 debit
TQQQ: A roll against LEAPS and a partial close on some covered calls:
Rolled TQQQ JAN 18 2019 39.0 Calls to FEB 8 2019 40.5 Calls @ .23 credit
Bought to Close TQQQ Jan 18 2019 45.0 Call @ .05 (sold for 1.65)
WYNN: Covered calls below basis so still rolling…
Rolled WYNN Jan 18 2019 105.0 Call to Feb 15 2019 110.0 Call @ .05 credit
#ShortPuts #IRA – Playing it safe here. Will be looking for some #Fallingknife trades if we get some earnings implosions…
Bought to Close NVDA Feb 01 2019 120 Put @ .13 (sold for 2.45)
Bought to Close URI Jan 18 2019 110 Put @ .40 (sold for 3.50)
#ShortPuts #IRA – One fill so far…
Bought to Close URI Jan 18 2019 100.0 Put @ .05 (sold for 2.30)
#OptionsExpiration – Actually had one this week…
RTN 162.0/172.0 Bear Call Spreads (sold for .69)
#LongCalls #LEAPS – A little heavy on the weekly sales so booking this one from yesterday just in case in the “extremely outside chance possibility but nearly impossible odds” that the stock actually bounces…
Bought to Close WTW FEB 1 2019 40.0 Calls @ .30 (sold yesterday @ .75)
#LongCalls #LEAPS – I’ve got some exposure in one account with covered stock so closing a tiny position in a different account that was just the LEAPS. Gradually getting more streamlined where I can be less active and settle in for the long term on just a few tickers.
Bought to Close WYNN JAN 18 2019 110.0/125.0 Bear Call Spread
Sold to Close WYNN JAN 15 2021 130.0 Calls
All said and done lost .62 on a 2 lot…
#LongCalls #LEAPS – Another round. Getting quite a bit below my LEAPS so starting to ratio the sales a little…
Bought to Close 5 WTW JAN 18 2019 44.0 Calls @ .05 (sold for .85)
Sold 3 WTW FEB 1 2019 40.0 Calls @ .75
#ShortCalls -Nice rally today…stopped out a previous sale for over half of max profit and sold another batch too early…
Bought to Close OLED JAN 18 2019 100.0 Calls @ .50 (sold for 1.50)
Sold OLED FEB 1 2019 97.5 Calls @ 1.30
#CoveredCalls #IRA – Rolling….
Rolled WYNN JAN 11 2019 110.0 Call to FEB 15 2019 120.0 Call @ even
Working most of the week so not much going on here. Waiting for some earnings dates to get confirmed before selling much more.
#LongPuts #LEAPS -I’m a little disappointed in this one. It could’ve been a really good one but nat gas just imploded way faster than I thought was possible and my ratio was a little high on the put sales. On the bright side, between this and BOIL the Nov spike worked out ok.
Bought to Close UNG FEB 15 2019 29.0 Puts
Sold to Close UNG JAN 17 2020 28.0 Puts
All said and done it’s a .50 winner on a 15 lot…
#LongCalls #LEAPS – Stock could be going to zero 🙂
Bought to Close WTW JAN 11 2019 46.0 Calls @ .05 (sold for .70)
#ShortCalls – I’ll be out most of the next few days but did get one fill this morning…
Bought to Close OLED JAN 11 2019 100.0 Calls @ .05 (sold for 1.75)
#LongCalls #LEAPS – Booking full position double sales and replacing with a tighter 4×10 ratio…
Bought to Close AMAT JAN 11 2019 37.0 Calls @ .05 (sold for .32)
Bought to Close AMAT JAN 18 2019 39.0 Calls @ .07 (sold for .31)
Sold AMAT FEB 1 2019 36.0 Calls @ .65
#LongCalls #LongPuts #LEAPS – Rolling some and booking some….
EWW: Precautionary…
Bought to Close EWW JAN 4 2019 42.5 Calls @ .15 (sold for .36)
REGN: Selling against ITM bull put spreads…
Rolled REGN JAN 4 2019 385.0 Call to FEB 1 2019 405.0 Call @ .09 credit (should be prior to earnings)
TNA: Booking over sales early just in case the rally continues…
Bought to Close TNA JAN 11 2019 50.0 Calls @ .26 (sold for .90)
Bought to Close TNA JAN 11 2019 55.0 Calls @ .03 (sold for .82)
UVXY: Rolling short puts…long puts finally starting to help. Added a couple BeCS also…
Rolled UVXY JAN 4 2019 80.0 Puts to FEB 1 2019 72.5 Puts @ .65 credit
Rolled UVXY JAN 4 2019 81.0 Puts to FEB 15 2019 70.0 Puts @ .26 credit
Sold UVXY JAN 18 2019 80.0/85.0 Bear Call Spreads @ 1.17
WYNN: Booking over sales early just in case the rally continues…
Bought to Close WYNN JAN 11 2019 114.0/124.0 Bear Call Spreads @ .85 (sold for 1.05)
#CoveredCalls – Adding one here. This is against some of my lower basis stock…
Sold TQQQ FEB 15 2019 44.0 Call @ 1.35
#LongCalls #LEAPS – 105 down to 37 and I still plan on making money on this…LOL. I sure know how to pick ’em!
Sold WTW JAN 25 2019 43.5 Calls @ .60
#Scalping -Been in and out today so no trade (fuzzy skeered…LOL) but the indicator seems to be working nicely in the chop.
#ShortCalls – Stops set on previous call sales so adding a half position here prior to earnings. See if I can talk it into a small recovery…
Sold OLED JAN 25 2019 97.5 Calls @ 1.20
Bristol-Myers to buy Celgene in a $74 billion deal; Celgene shares surge…
https://www.cnbc.com/2019/01/03/bristol-myers-to-buy-celgene-in-a-74-billion-deal.html
Guess the meeting didn’t go so well….buckle your seat belts.
@MamaCash – Have you used it much? Finally got a chance to watch it for a day and liking the possibilities. Haven’t done anything live yet but the last long signal on the NQ futures finally went short this afternoon after a 240 point run…
#ShortPuts #IRA – Should be a week or two prior to earnings. Selling here allows an easy rolldown into earnings or booking a profit and selling again in earnings week.
Sold NVDA FEB 01 2019 120.00 Put @ 2.45
#ShortStrangles – Loosely following some Whiz trades on this…only one contract just for fun. Should be prior to earnings…
Sold CME JAN 18 2019 180.0/200.0 Strangle @ 2.48
#CoveredCalls – Selling a new batch…
Sold TNA FEB 1 2019 50.00 Calls @ 1.15
#CoveredCalls – First winner of the year…yaay!
Bought to Close TNA JAN 18 2019 60.00 Calls @ .05 (sold for 2.15)
Options Bistro 