#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
Author Archives: fuzzballl
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)
NVDA Earnings
#Earnings – One for tomorrow and one for a little further out. Good earnings season so far so these are a little aggressive slightly inside the expected moves…
Sold 1 NVDA MAY 17 2019 150.0 Put @ 2.20
Sold 1 NVDA JUN 07 2019 145.0 Put @ 3.05
NTES Earnings
#Earnings – Bought to Close NTES MAY 17 2019 247.5 Put @ .10 (sold for 2.50)
NTES Earnings
#ShortPuts #Earnings – Taking another shot at this one. Selling below the 50 and 100 moving averages and right at the April 1st breakout level.
Sold NTES MAY 17 2019 247.5 Put @ 2.50
ISRG
#ShortPuts – Closing for safety. Seems to be building a base but one tweet away from dropping more. Sold during the earnings debacle…
Bought to Close ISRG MAY 17 2019 475.0 Put @ .95 (sold for 5.40)
BABA TLRY Earnings
#Earnings – Just can’t find anything I like. Hoping for some weakness to set up for NTES, NVDA and BIDU later this week. Off to work…have great night!
TNA
#CoveredCalls – The pullback this week has helped with the ITM call rolling. Finally getting these out of the hole a little…
Rolled TNA MAY 17 2019 54.0 Calls to JUN 21 2019 56.0 Calls @ .40 credit
Rolled TNA MAY 17 2019 56.0 Call to JUN 14 2019 58.5 Call @ .20 credit
NTES
This was supposed to be an #Earnings trade but not worth the risk now. Taking the 24 hour profit and maybe pick a new strike later for the announcement.
Bought to Close NTES MAY 17 2019 230.0 Put @ .90 (sold for 3.00)
REGN
#CoveredCalls – Selling at the expected move…
Sold REGN MAY 31 2019 325.0 Call @ 2.00
EWZ
#CoveredCalls – Stock is down but volatility up so selling these now up in some overhead resistance.
Bought to Close EWZ MAY 17 2019 41.5 Calls @ .03 (sold for .94)
Sold EWZ MAY 31 2019 41.0 Calls @ .41
UVXY
#DiagonalBearCallSpreads – Adding one…
Sold UVXY JUN 7 2019 55.0 Call @ 2.50
NTES Earnings
#ShortPuts #Earnings – Earnings not until Wednesday but selling a little early with the big down day today…
Sold 1 NTES MAY 17 2019 230.0 Put @ 3.00
REGN UVXY XBI
#ShortPuts #CoveredCalls – Been an extremely busy week away from the market again but did manage a few…
REGN: Covered
Bought to Close REGN MAY 10 2019 350.0 Call @ .01 (sold for 4.08)
UVXY: Rolling
Rolled UVXY MAY 10 2019 37.5 Call to MAY 17 2019 40.0 Call @ .80 credit (2.05 total now)
Rolled UVXY MAY 10 2019 37.5 Call to MAY 24 2019 40.0 Call @ 1.65 credit (2.90 total now)
XBI: Adding
Sold XBI JUN 21 2019 78.0 Put @ 2.00
UVXY
#DiagonalBearCallSpreads – Cautiously adding one here…
Sold UVXY MAY 31 2019 40.0 Call @ 2.30
REGN
#CoveredCalls – Early sale for earnings next week. May adjust it down a little with any more weakness in the stock…
Sold REGN MAY 10 2019 350.0 Call @ 4.08
REGN
#CoveredCalls – Late fill. Now looking to sell something for earnings next week…
Bought to Close REGN MAY 03 2019 352.5 Call @ .05 (sold for 2.45)
SQ
#ShortPuts – Starter position out to June…13% annualized.
Sold SQ JUN 21 2019 60.0 Puts @ 1.06
UVXY
#DiagonalBearCallSpreads – Bought to Close UVXY MAY 3 2019 42.5 Calls @ .05 (sold for 1.50)
UVXY
#DiagonalBearCallSpreads – Adding one here…
Sold 1 UVXY MAY 24 2019 40.0 Call @ 1.40
NTES
#ShortPuts – Booking it…earnings the following week also.
Bought to Close NTES MAY 10 2019 250.0 Put @ .18 (sold for 3.80)
REGN SOXL T VIX
#ShortPuts #CoveredCalls – Been a busy couple weeks so finally catching up with some market stuff…
REGN: Stock assigned at 376.60 basis. Earnings next week so trying to sneak in a sale this week. Good timing for once sold right at the open. 🙂
Sold REGN MAY 03 2019 352.5 Call @ 2.45
SOXL: Last week sometime…
Sold SOXL JUN 21 2019 140.0 Put @ 5.40
T: Stock assigned at 31.02 basis…
Sold T MAY 24 2019 31.5 Calls @ .33
VIX: Theotrade style hedge. Selling put spreads to finance buying call spreads…
Sold VIX Jul 14/11 put spreads / Bought VIX Jul 19/25 call spreads @ .12 credit
UVXY
#DiagonalBearCallSpreads – New all time low today so buying out in June to sell against. Already paid for with yesterday morning’s sale of the weekly calls. Long 5 for every 1 short so far.
Bought to Open UVXY JUN 21 2019 90.0 Calls @ .18
Still long May 90’s also…
BA EWZ SOXL XBI
#ShortPuts #CoveredCalls – Cleaning up a few making room for some earnings trades…
BA: Hoping for a dip on earnings tomorrow to sell again.
Bought to Close BA MAY 24 2019 325.0 Put @ 1.40 (sold for 3.70)
EWZ: Covered Calls
Sold EWZ MAY 17 2019 41.5 Calls @ .94
SOXL: Bought to Close SOXL MAY 17 2019 120.0 Put @.45 (sold for 3.13)
XBI: New starter position
Sold XBI MAY 24 2019 80.0 Put @ 1.25
ROKU UVXY
#ShortPuts #DiagonalBearCallSpreads – A couple little ones…
Bought to Close ROKU APR 26 2019 50.0 Put @ .05 (sold for 1.35)
Sold UVXY MAY 10 2019 37.5 Calls @ 1.05
EWZ ISRG SMH SQ TQQQ
#ShortPuts #CoveredCalls – Out all week with a death in the family and next week with a long planned vacation but still trying to squeeze a few trades in…
EWZ: Assigned stock at 41.30 basis
ISRG: For earnings but out to May: Sold ISRG MAY 17 2019 475.0 Put @ 5.40
SMH and TQQQ: Rolled DITM calls out. Sold against LEAPS
SQ: Bought to Close SQ APR 18 2019 65.0 Puts @ .05 (sold for 1.30)
Have a great weekend everyone!
UVXY
#DiagonalBearCallSpreads – Taking some more risk off…
Bought to Close UVXY APR 18 2019 47.5 Call @ .18 (sold for 2.00)
NVDA
#ShortPuts #IRA – Bought to Close NVDA APR 26 2019 165.0 Put @ .25 (sold for 3.01)
UVXY
#DiagonalBearCallSpreads – Making room for the next sale…
Bought to Close UVXY APR 12 2019 47.5 Call @ .05 (sold for 2.00)
Options Bistro 