#LongPuts #LEAPS – It’s ratio’d but rolling the weeklies down a little anyway…
Rolled DUST SEP 21 2018 40.0 Put to OCT 12 2018 38.0 Put @ .41 credit
Rolled DUST SEP 28 2018 38.0 Put to OCT 12 2018 37.0 Put @ .47 credit
Author Archives: fuzzballl
BABA
#LongCalls #LEAPS – Taking the quick winner on the bounce. 4 out of 4 on BABA this year. Still on the radar for a new entry.
Sold to Close BABA JAN 17 2020 160.0 Calls
Bought to Close BABA SEP 21 2018 160.0 Calls
All said and it’s a 3.34 winner on a huge 2 lot. I’ll take it for a quickie…
UVXY
#BearCallSpreads – Starter positions that I’ll add to on any spikes. If we don’t get any spikes and this thing continues to tank at least I’ve got something…LOL
Sold UVXY JAN 18 2019 39.0/44.0 Bear Call Spreads @ 1.16
Sold UVXY JAN 17 2020 34.0/44.0 Bear Call Spreads @ 1.95
AMBA EWZ
#LongCalls #LEAPS – Going out a little bit on these with stops and alerts set on the nearer term sales.
AMBA:
Sold AMBA OCT 12 2018 38.5 Calls @ .60
EWZ:
Bought to Close EWZ SEP 21 2018 35.0 Calls @ .01 (sold for .43)
Sold EWZ OCT 5 2018 34.0 Calls @ .55
LABU
#ShortPuts #IRA – Adding to a Dec ladder. Looked at Jan but lowest strike is still 75.
Sold LABU DEC 21 2018 60.0 Put @ 2.50
AMAT
#LongCalls #LEAPS – Added one to reduce basis. 60 percent size now…
Bought AMAT JAN 17 2020 50.0 Call @ 2.55
BABA
#LongCalls #LEAPS – Looking a little weak here. Early in the trade so can stay aggressive. Rolling weeklies down but not out.
Rolled BABA SEP 21 2018 165.0 Calls to SEP 21 2018 160.0 Calls @ 1.77 credit
AMAT AMBA AZO BABA DG ERX GLD HIMX LABU SMH XBI
#LongCalls #LEAPS – Unfortunately I’ve got to leave before the close so had to take care of these a little early. That was a good thing on some and not so good on others. Either way….rolling and selling.
AMAT:
Bought to Close AMAT SEP 28 2018 46.0 Calls @ .01 (sold for .44)
AMBA:
Overall profitable so far in spite of the selloff. Being careful with a whipsaw now.
Rolled AMBA SEP 14 2018 38.0 Calls to SEP 28 2018 39.0 Calls @ .15 credit
AZO:
Trade repair I entered as a 1×1 LEAP position. Long up 85 points but blocked by weekly. Rolling both sides up for earnings to get the weekly more rollable for later. A big pullback would give me max profit. Slight overall debit will come out of weekly premium received so far.
Rolled AZO JAN 17 2020 640.0 Call to JAN 17 2020 690.0 Call @ 33.61 credit
Rolled AZO SEP 14 2018 670.0 Call to SEP 28 2018 710.0 Call @ 34.10 debit
BABA:
Fairly new position non-ratio’d. Still using deltas for roll guidance and looking for the quick winner.
Rolled BABA SEP 14 2018 162.5 Calls to SEP 21 2018 165.0 Calls @ 1.21 credit
DG:
Long term that was a non ratio that got run over. Finally got it back to a partial ratio. Looking for break even and then out. Almost rid of most of these old ones that got run over and will look to replace on better entries next time.
Rolled DG SEP 14 2018 104.0 Calls to OCT 5 2018 105.0 Calls @ .19 debit
ERX:
Ratio’d and coming along nicely.
Rolled ERX SEP 14 2018 34.0 Calls to ERX SEP 21 2018 34.5 Calls @ .34 credit
GLD:
Treading carefully well below the LEAPS. Maybe I should sell these more aggressively to force a rally and help my ever expanding short DUST position…LOL
Sold GLD OCT 12 2018 115.5 Calls @ .41
HIMX:
An old one that hasn’t worked. Selling weekly to get as much back as I can with even being the goal here too. Just need one decent rally to get out before end of year. Replacing this week’s expiration.
Sold HIMX OCT 26 2018 6.5 Calls @ .22
LABU:
Bought to Close LABU SEP 14 2018 98.0 Calls @ .05 (sold for 1.75)
Sold LABU SEP 28 2018 98.5 Calls @ 2.10
SMH:
Long term that got run over but got it back to ratio’d. Starting to look better now. Market makers are not good in this one.
Rolled SMH SEP 14 2018 105.0 Calls to SEP 28 2018 106.5 Calls @ .12 credit
XBI:
Same as BABA above. Fairly new position non-ratio’d. Still using deltas for roll guidance and looking for the quick winner. Replacing weeklies that filled yesterday for min value right at the close.
Sold XBI SEP 28 2018 97.5 Calls @ .80
Have a great weekend everyone!
DUST
XBI
#LongCalls #LEAPS – Late fill so looking tomorrow for the next sale…
Bought to Close XBI SEP 14 2018 97.5 Calls @ .02 (sold for 1.02)
VIX hedge
#Hedge – Added the second half of this today. First half filled at .05 debit and second half filled at .10 credit. Also added long 11 puts underneath the short 13’s. Basically a bullish (on VIX) double vertical…sold 13/11 put spreads to finance the purchase of 17/21 call spreads. This will also be a nice hedge for shorting UVXY after the upcoming reverse split.
Here’s the original post:
=======================================================================
Theo Trade VIX hedge
#Hedge – From a free webinar last night….Don was going out to Nov and selling 13 strike puts. Using that cash to finance the purchase of 17/21 Bull Call Spreads. He was getting it at even. I’m showing a nickel debit right now. No fill yet.
=======================================================================
WDC
#LongCalls #LEAPS – Could be a fake out today so starting gradually with about one third position and non-hedged.
Bought WDC JAN 17 2020 57.5 Calls @ 8.80
Sold WDC SEP 21 2018 58.0 Calls @ 1.01
SOXL
#ShortPuts #IRA – Adding one more slightly more aggressively.
Sold SOXL Nov 16 2018 100.0 Put @ 3.50
Already short the Nov 90 strike @ 5.10 from awhile back…
DUST
DG JNJ SOXL
#ShortPuts #IRA – Freeing up some cash and selling first Feb position.
Bought to Close DG Jan 18 2019 75.0 Put @ .25 (sold for 2.26)
Bought to Close JNJ Nov 16 2018 115.0 Put @ .22 (sold for 3.05)
Bought to Close JNJ Dec 21 2018 110.0 Put @ .24 (sold for 2.37)
Sold SOXL Feb 15 2019 75.0 Put @ 3.50
STX
#ShortPuts #IRA – Adding one…great divvy down here.
Sold STX Dec 21 2018 45.0 Put @ 2.34
Not selling any puts in WDC yet but considering adding a long term LEAPS position.
DUST
GLD
#LongCalls #LEAPS – Another busy week away from the market but still selling a little. Quite a few to watch as we get closer to Friday though.
Bought to Close GLD SEP 14 2018 116.0 Calls @ .01 (sold for .48)
Sold GLD OCT 5 2018 115.0 Calls @ .43
DUST EWZ LABU
#LongCalls #LongPuts #LEAPS – Slow day today….replacing some expiring positions and adding to positions.
DUST:
Bought DUST JAN 17 2020 40.0 Put @ 13.59 (adding one)
Sold DUST SEP 21 2018 40.0 Put @ 1.10
EWZ:
Sold EWZ SEP 28 2018 35.0 Calls @ .46
LABU:
Bought LABU JAN 17 2020 110.0 Call @ 19.80 (adding one)
Sold LABU SEP 14 2018 98.0 Calls @ 1.75
BABA
#LongCalls #LEAPS – Exited this one back on Aug 23rd on the bounce up to the 200ma. Using the drop for a starter in a new one (4th time this year…LOL). It could go lower so starting with 40 percent size (2/5).
Bought BABA JAN 17 2020 160.0 Calls @ 27.20
Sold BABA SEP 14 2018 162.5 Calls @ 2.45
VXX Whiz trade
Another small Whiz experiment. Opened for a credit and closed for a credit…
Sold VXX SEP 14 2018 28/28.5/29/29.5 Put/Call double vertical @ .11 credit (opened for .14 credit)
.25 credit on the entire trade. I did 4 contracts and he did 150…LOL
TQQQ
#ShortPuts – In my little Tastyworks account I’ve been playing with. Selling below the 200ma again…
Sold TQQQ JAN 18 2019 50.0 Put @ 3.26
Sold TQQQ JAN 18 2019 45.0 Put @ 2.34
XBI
#LongCalls #LEAPS – Caught the top a week ago today (miracle!) to exit my 2019’s for pretty good profit. Getting back in now with the 2020’s. Getting better at these by scaling into the LEAPS gradually and then the ratio strategy when needed. This is a 30 percent (3/10) starter position beginning with a non ratio figuring more possible weakness.
Bought to Open XBI JAN 17 2020 97.0 Calls @ 11.25 (great fill with mid @ 11.90)
Sold XBI SEP 14 2018 97.5 Calls @ 1.02
In the early part of the trade with a non ratio I’ll roll the weekly calls aggressively if negative deltas are reached on a bounce…
WTW
#CoveredCalls – Goal is to get out of this at even. Missed my chance on the bounce and now appears to be breaking below the 200ma. Replacing this week’s with another aggressive sale at the money.
Sold WTW SEP 21 2018 70.0 Calls @ 2.45
Basis is now lowered to 72.50 so some more work to do….
WYNN
#ShortPuts – Nice morning in the desert. Admiring my new property. Could be owning a small piece of this at Jan expiration. LOL!
TQQQ
#ShortPuts – In a small account replacing the ones I closed 5 days ago. Glad I didn’t wait for the last nickel or these sales would not have been possible…. 🙂
Sold TQQQ JAN 18 2019 55.0 Put @ 4.10
Sold TQQQ JAN 18 2019 50.0 Put @ 3.00
Sold TQQQ JAN 18 2019 45.0 Put @ 2.15
TWLO
#Earnings – Short calls got run over on the last announcement so rolled them into ITM put spreads. Getting out now with slight profit after the big run. So long TWLO!
Bought to Close TWLO SEP 21 2018 85.0/75.0 Bull Put Spreads @ 2.59 (sold for 2.75)
DUST SMH
#LongCalls #LongPuts #LEAPS – September is going to be crazy at work so might not be in here as much. Did get a few trades in on Friday and just now getting around to the bookkeeping.
DUST:
Bought to Close DUST Aug 31 2018 38.5 Puts @ .05 (sold for 1.60)
Sold DUST Sep 14 2018 36.0 Puts @ .87
SMH:
Rolled SMH Aug 31 2018 104.5 Calls to Sep 14 2018 105.0 Calls @ .02 credit
ERX EWW WTW
#LongCalls #LEAPS – All rolled ITM weekly calls out a week or two for right around even or tiny debit. Won’t bore you with the details
AMZN
#BullPutSpreads – Whiz trade…
Sold AMZN SEP 28 2018 1960.0/1950.0 Bull Put Spread @ 3.32
EA
#FallingKnife – One to keep an eye on…
Theo Trade VIX hedge
#Hedge – From a free webinar last night….Don was going out to Nov and selling 13 strike puts. Using that cash to finance the purchase of 17/21 Bull Call Spreads. He was getting it at even. I’m showing a nickel debit right now. No fill yet.
TQQQ
#ShortPuts – Got most of it. Freeing up cash in a small account.
Bought to Close TQQQ SEP 21 2018 48.33 Put @ 10 (sold for 1.15)
Bought to Close TQQQ SEP 21 2018 55.0 Put @ .15 (sold for 2.35)
Bought to Close TQQQ SEP 21 2018 60.0 Put @ .35 (sold for 3.90)
XBI
#LongCalls #LEAPS -Here’s another one of my old non-ratio’d positions that I’ve been fighting for awhile. Finally got it back to a ratio a few weeks ago just in time for a nice run. It’s only out to 2019 so booking it and will reset on next drop.
Bought to Close XBI SEP 7 2018 97.0 Calls
Sold to Close XBI JAN 18 2019 93.0 Calls
All said and done it’s a 1.16 winner on a 10 lot.
DUST
DG Earnings
#Earnings trades layered on top of my #LongCalls #LEAPS positions. I don’t even mess with these trying to get the last nickel…
Bought to Close DG AUG 31 2018 99.5 Puts @ .10 (sold for .63)
Bought to Close DG AUG 31 2018 112.0 Calls @ .05 (sold for 1.00)
CRM
#ShortPuts #IRA – Shorter term and slightly more aggressive. 9.3% annualized. 8 percent is usually my goal on the put sales…
Sold CRM NOV 16 2018 140.0 Put @ 2.65
DG
#LongCalls #LEAPS #Earnings – Earnings in the morning so adding a little to the position. Long 2019 LEAPS and short this week’s calls. Adding strangles outside all of that. Sold 112 strike calls yesterday and adding puts today.
Sold DG AUG 31 2018 99.5 Puts @ .63
UVXY
#BearCallSpreads – Bought to Close UVXY SEP 21 2018 20.0/30.0 Bear Call Spreads @ .05 (sold for .71)
EWZ
#LongCalls #LEAPS – Still plugging away. Stop set on next week’s so adding another layer…
Bought to Close EWZ AUG 31 2018 35.0 Calls @ .02 (sold for .30)
Sold EWZ SEP 21 2018 35.0 Calls @ .43
SOXL
#ShortPuts #IRA – Yesterday…
Bought to Close SOXL NOV 16 2018 65.0 Put @ .40 (sold for 3.20)
Whiz Trades AMZN CSX
#Whiz – I’ve been adding a few of these lately….very small. Just one or two contracts. I’m becoming a believer (gulp) 🙂 🙂
Bought to Close AMZN SEP 7 2018 1862.5/1860.0 Bull Put Spreads @ .18 (sold for .95)
Forgot about this one:
Expired CSX AUG 24 2018 71.0/70.0 Bull Put Spreads (sold for .20)
FAS
#LongCalls #LEAPS – Trimming a little more here. This one was ratio’d and still got partially run over so taking a small winner on what feels like a down day…LOL Gradually building cash reserves at this point…
Bought to Close FAS AUG 31 2018 66.5 Calls
Sold to Close FAS JAN 17 2020 67.0 Calls
All said and done a .43 winner on a 10 lot. Not a big one here but FAS has been very good to me this year.
AMAT AMBA DG GLD
#LongCalls #LEAPS – A few sales this morning…
AMAT:
Sold AMAT SEP 28 2018 46.0 Calls @ .44 (ratio’d replacing this week’s)
AMBA:
Sold AMBA AUG 31 2018 43.0 Calls @ .83 (ratio’d for earnings this week)
DG:
Sold DG AUG 31 2018 112.0 Calls @ 1.00 (adding a couple more for earnings)
GLD:
Sold GLD SEP 14 2018 116.0 Calls @ .48
Sold GLD SEP 28 2018 118.0 Calls @ .40
XBI
#LongCalls #LEAPS – Finally getting a chance to ratio this one. Been rolling ITM weeklies for awhile…
Bought to Close XBI AUG 24 2018 95.5 Calls @ .45 (sold for 1.15)
Sold XBI SEP 7 2018 97.0 Calls @ .89
AMBA
#LongCalls #LEAPS – With #Earnings next week and this thing in a tight squeeze that’s leaning bullish I’m playing it carefully while selling under the LEAPS. Taking this week’s off at even and I’ll decide later where (or if ) to sell next week.
Bought to Close AMBA AUG 24 2018 39.0 Calls @ .50 (sold for .50)
DUST
GLD
#LongCalls #LEAPS – This one was so close to breakeven back in April I probably should’ve closed it but…all the experts were predicting a breakout to the upside and a run to glory. Well…we know how that played out…LOL.
I’ve been double and triple writing some of the weekly call sales on the way down so taking a little off now that there’s signs of life. A long way to go still but it’s out to 2020.
Bought to Close GLD AUG 31 2018 115.5 Calls @ .12 (sold for .40)
ADSK
#LongCalls #LEAPS – This was one I’ve been in for quite awhile. It goes all the way back to Dec with a strangle gone bad and then horrible timing on an overnight short stock assignment. Then turned it into a LEAPS non ratio position where the weekly sales got immediately run over. After finally working out of that by rolling up LEAPS to finance the roll up of the weeklies and gradually being able to turn it into a ratio’d position I was able to resume selling. So…after the big jump today and in spite of lousy exit fills ( I should’ve waited a little) I am out with a small profit from what was once a decent size ugly loss.
Sold to Close ADSK JAN 18 2019 130.0 Calls
Bought to Close ADSK AUG 24 2018 134.0 Calls
All said and done a .76 winner per contract!
Doesn’t sound like much but it feels much bigger…LOL
BABA
#ShortPuts #IRA – I’ll take a shot…
Sold BABA DEC 21 2018 150.0 Put @ 3.45
BABA
Update…got really lucky on this one. Re-stated earnings to a miss now. At least that’s the rumor. Jeez is Muskie running the conference call?
NVDA
ADSK
#Earnings after the close today. I would take a shot but I’m already in a long term LEAPS position that was a repair trade from about 3 quarters ago. Finally sitting at breakeven but I’m gonna hold it through the announcement.
It’s a 3×4 ratio with little to no upside risk and makes money down to 134 which is my short call strike.
SVXY
Took the last of my SVXY stock today (other than a single Jan 2019 25 strike put). This is pretty typical of where most of my SVXY positions were.
Original trade was Jan 2019 80/80/77.5 Synthetic Stock @ 25.50 so luckily the worse case scenario is a basis about 25 dollars above where the stock is. The short puts were exercised so I sold the long puts. I’ve unloaded all my other stock but I’ll hang on to this one since it’s only a couple hundred shares.
Sold SVXY SEP 21 2018 14.5 Calls @ .38
BABA
#LongCalls #LEAPS – Taking advantage of the earnings bounce up to resistance. The overall position is approaching zero deltas again so booking it.
Sold to Close BABA JAN 17 2020 180.0 Calls @ 31.95
Bought to Close BABA AUG 24 2018 180.0 Calls @ 4.60
Ended up with 2.73 profit on a 3 lot…
Now if the China negotiations fall apart I can look to re-enter on the drop. 🙂
WTW
#CoveredCalls – Big bounce today so stopped out on my over writing of the calls…
Bought to Close WTW AUG 24 2018 75.0 Calls @ .75 (sold for 4.13)
Still holding next week’s 73s…
LABU TWLO
#LongCalls #LEAPS – Small trades bringing in some lunch money…
LABU:
These are ratio’d so with this week’s looking safe selling another half a little early. This is a tiny 2×1 starter where I may add to the LEAPS eventually.
Sold LABU SEP 7 2018 98.0 Call @ 1.20
TWLO:
Earnings trade where I rolled ITM short calls to ITM bull put spreads. Selling against those now (hopefully safely).
Sold TWLO SEP 7 2018 84.0 Calls @ .61
ADSK AMAT GLD PYPL RTN WTW
#LongCalls #LEAPS #CoveredCalls – Not a bad week for selling. Can’t wait until these are all (or most of ’em) #PureProfit. ADSK and PYPL weeklies are finally out of the money so selling can resume on them.
ADSK:
Bought to Close ADSK AUG 17 2018 132.0 Calls @ .05 (sold for 1.52)
Sold ADSK AUG 24 2018 134.0 Calls @ 3.00 (ratio’d for earnings next week)
AMAT
Sold AMAT AUG 31 2018 45.0 Calls @ .42 (replacing this week’s expiration that was sold for .87)
Earnings sucked so selling carefully now….
GLD:
Bought to Close GLD AUG 17 2018 116.5 Calls @ .01 (the rest of the partial from yesterday sold for .50)
PYPL:
Bought to Close PYPL AUG 17 2018 85.5 Calls @ .05 (sold for .36)
Sold PYPL AUG 31 2018 86.0 Calls @ .85
Sold PYPL SEP 7 2018 87.0 Calls @ .79
RTN:
Sold RTN AUG 31 2018 202.5 Calls @ 1.10 (still squeezing so ratio’d at the 200ma resistance)
WTW:
Sold WTW AUG 31 2018 73.0 Calls @ 1.15 (double selling covered calls with a stop on next week’s)
NVDA
#ShortPuts #IRA – Been looking for a chance to get involved in this one again…
Sold NVDA DEC 21 2018 210.0 Put @ 5.80
XLK XLY and the new kid XLC
Forgot to post this the other day. A re-shuffle is coming moving around some big names. Might find some opportunity during this….
https://www.investors.com/etfs-and-funds/etfs/sp-sector-reshuffle-play-faang-stocks-xlc/
DUST
#LongPuts #LEAPS – I tried this with NUGT a long time ago and it didn’t work since I didn’t ratio the position. NUGT was pushing 60 at the time…right idea and wrong execution. I’ll try not to make that mistake here. Sticking with a 3×2 from the beginning since this thing can implode quickly.
Bought to Open DUST JAN 17 2020 40.0 Puts @ 14.50
Sold DUST AUG 24 2018 40.0 Puts @ 1.64
OLED yuuge adjustment
One I’ve been fighting for awhile. Started out as non ratio #SyntheticStock in 2019 that promptly got run over weeks ago. Gradually worked it back without making much headway. Added a 2020 #LongCalls #LEAPS position on the June pullback. Long story short…weeklies run over again but both core positions combined were nicely profitable.
To clean up the entire mess I booked the gains on the cores and rolled the ITM calls to Jan 2020 ITM put spreads for a nice credit. This will give me many weeks to sell against those put spreads to drastically lower the basis in case the stock is assigned then. I should be able to collect more credit than the width of the spread eventually.
This adjustment also frees up a ton of cash and really simplifies everything…
Sold to Close 2 Jan 2019 115/120/120 synthetic stock positions @ 10.71 (basis 22.49 so loss of $2356)
Sold to Close 3 Jan 2020 105 Calls @ 34.80 (basis 23.18 so gain of $3486)
Net gain on core positions of $1130. I’ll book that and not apply it to this call/put reverse roll:
Rolled Sep 7 2018 96.5 short calls to Jan 2020 145/105 Bull Put Spreads @ 1.66 credit
Original call sales brought in 1.25 so basis on the ITM put spreads is 2.91 on a 40 wide. That’s what I’ll be selling against now over the next 70 or so weeks. Using spread sales to protect against runaway upside.
Sold OLED SEP 7 2018 130.0/135.0 Bear Call Spreads @ .55
RTN
#LongCalls #LEAPS – Ratio’d with this week’s 200 short calls. I’ll be watching it closely. That’s a beautiful squeeze that looks ready to go higher.
GLD
#LongCalls #LEAPS – I’ve been staggering these out over 2-3 weeks selling the ratios. Once the near ones get profitable I put on a stop and sell the next batch. Just killing time with gradual basis reduction until it recovers.
Bought to Close GLD AUG 17 2018 116.5 Calls @ .01 partial fill so far (sold for .50)
Sold GLD SEP 7 2018 114.0 Calls @ .43
Still holding (with profits) Aug 24th 116’s and Aug 31st 115.5’s
ERX
#LongCalls #LEAPS – First couple rounds of sales were non-ratio’d so already covered a nice chunk of the LEAPS cost. Switching to ratio’d now after the selloff. 3×5 with no upside risk.
Bought to Close ERX AUG 24 2018 37.0 Calls @ .06 (sold for .73)
Sold ERX AUG 31 2018 33.5 Calls @ .75
GLD
AZO
Interesting to watch here. Starting to look like last quarter. Yuuuuge rally on ORLY and AAP earnings. Of course we know what happened next…LOL
AMBA
#LongCalls #LEAPS – Early sale replacing this week’s…
Sold AMBA AUG 24 2018 39.0 Calls @ .50
BABA
#LongCalls #LEAPS – Earnings next week so I may adjust this call sale between now and then. Non-ratio so still looking to exit on negative deltas…
Bought to Close BABA AUG 17 2018 182.5 Calls @ .32 (sold for 2.20)
Sold BABA AUG 24 2018 180.0 Calls @ 3.37
NVDA
#ShortPuts #IRA – Freeing up some more room in an #IRA. Earnings on this one next week so maybe get a chance to sell it again.
Bought to Close NVDA JAN 18 2019 150.0 Put @ .67 (sold for 4.40)
AMAT ERX
#LongCalls #LEAPS – A couple rolls today…
AMAT:
Earnings next week…
Bought to Close AMAT AUG 10 2018 48.5 Calls @ .03 (sold for 1.60)
Sold AMAT AUG 17 2018 49.0 Calls @ .86
ERX:
Bought to Close ERX AUG 10 2018 37.0 Calls @ .05 (sold for .60)
Sold ERX AUG 24 2018 37.0 Calls @ .75
ROKU Earnings
#Earnings #JadeLizard – Just to close the books on this…Jade Lizard with 50/51 on the call side and stock obviously blew through that. Closed those for .98 so picking up 2 cents and saving exercise fees. Originally sold for 1.35 so net gain of 37 cents.
See you next quarter!
WTW Earnings
#Earnings #CoveredCalls – My final adjustment. I’ll be taking stock at a basis of 79.16. I’m a little bearish thinking this thing is headed for the 200ma. Selling my covered calls ITM a couple weeks out for max downside protection while lowering my basis quite a bit.
Bought to Close WTW AUG 10 2018 80.0 Calls @ .12
Sold WTW AUG 24 2018 75.0 Calls @ 4.13
Stock basis now 75.15 covered with 75 strike calls. I’ll be able to let the stock go near even or roll one more time for a small profit. If it keeps dropping I’ll keep selling slightly ITM until we see a bounce…
LABU
#ShortPuts #IRA – With the market up here it’s a good time to book some of these types of positions. Need to free up some buying power too.
Bought to Close LABU SEP 21 2018 60.0 Put @ .45 (sold for 4.70)
Bought to Close LABU SEP 21 2018 55.0 Put @ .24 (sold for 3.50)
CAH
#ShortPuts #IRA – Adding this to the divvy possibilities. It’s in a big squeeze…not sure which way it’s going but starting to look more bullish. Either way yield 4.5% down at the 43 level.
Sold CAH JAN 18 2019 45.0 Puts @ 1.95
Options Bistro 