Raised the banner last night at the Blues opener. Time to focus on October baseball now!
Author Archives: fuzzballl
SPY
#ShortPuts – Adding to monthly ladder…
Sold SPY DEC 20 2019 260.0 Put @ 3.20
UVXY
#ShortPuts – Filled on one lousy contract seconds before the implosion…
Sold UVXY OCT 11 2019 26.5 Put @ .59
DRIP
#BearCallSpreads – Thanks @Ramie !
Sold DRIP DEC 20 2019 130.0/140.0 Bear Call Spreads @ 1.55
SOXL
#ShortPuts – Fat fingered this one earlier. Could’ve gotten about 30 cents more.
Sold SOXL NOV 15 2019 100.0 Put @ 2.80
UVXY
#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)
SPX support?
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?
UVXY
#BearCallSpreads – Adding again. 50 percent size now.
Sold UVXY DEC 20 2019 40.0/50.0 Bear Call Spreads @ 1.47
UVXY
#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
SPY
#ShortPuts – Easing back into this one…
Sold SPY NOV 15 2019 275.0 Put @ 3.35
UVXY
#BearCallSpreads – Adding one…
Sold UVXY NOV 15 2019 35.0/45.0 Bear Call Spread @ 1.27
XBI
#ShortPuts – Adding…filled on the afternoon swoon.
Sold XBI NOV 01 2019 75.0 Put @ 2.10
SHOP
#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
UVXY
#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
EWZ
#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)
LABU
#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
REGN
#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)
XBI
#ShortPuts – Starting a brand new position…
Sold XBI OCT 18 2019 78.0 Puts @ 1.55
REGN
#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
NVDA
#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
UVXY
#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)
XBI
#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)
SOXL
#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
TNA
#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
ULTA
#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)
DRIP
#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)
XBI
#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)
ULTA
#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
WYNN
#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
EWW
#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
SPLK
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)
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
Options Bistro 