#ShortCalls – Forgot I had this order in. Was gonna let it expire.
Bought to Close OLED DEC 21 2018 104.0 Calls @ .05 (sold for 1.05)
Author Archives: fuzzballl
UVXY
WYNN
#LongCalls #LEAPS – Still plugging away with overlapping sales…
Bought to Close WYNN DEC 28 2018 115.0 Calls @ .05 (sold for 1.20 as BeCS)
UVXY
DG MO REGN SMH SOXL TNA TQQQ UVXY
#LongCalls #LongPuts #LEAPS #CoveredCalls – Managed to get a few more sold this morning. LEAPS are obviously struggling but getting some good basis reduction done on the 2021 positions. UVXY puts paying nicely so will receive the full benefit of those sales when it finally pulls back and the long puts start helping out. Nat gas short helping also…
DG:
Bought to Close DG DEC 21 2018 109.0 Calls @ .05 (sold for .60)
Sold DG JAN 25 2019 110.0 Calls @ .70
MO:
Sold MO JAN 11 2019 52.5 Calls @ .32
REGN:
Sold REGN JAN 4 2019 385.0 Call @ 2.30
SMH:
Sold SMH JAN 11 2019 91.0/96.0 Bear Call Spreads @ .71
SOXL:
Sold SOXL FEB 15 2019 95.0 Calls @ 7.00
TNA:
Bought to Close TNA DEC 21 2018 54.0 Calls @ .04 (sold for .62)
Sold TNA JAN 11 2019 50.0 Calls @ .90
TQQQ:
Bought to Close TQQQ DEC 28 2018 52.0 Calls @ .05 (sold for .72 as BeCS)
UVXY:
Bought to Close UVXY DEC 21 2018 62.5 Puts @ .05 (sold for 1.60)
Bought to Close UVXY DEC 28 2018 60.0 Puts @ .25 (sold for 1.55)
Sold UVXY JAN 4 2019 62.5 Puts @ 1.80
Sold UVXY JAN 4 2019 65.0 Puts @ 1.77
REGN RTN SMH SOXL TNA TQQQ UVXY WTW WYNN XBI
#LongCalls #LongPuts #LEAPS #CoveredCalls – Out most of the afternoon but managed to sell pretty hard into the morning rally. Sell the rip until it quits working…
REGN:
Bought to Close REGN DEC 21 2018 397.5 Call @ .10 (sold for 2.10)
Sold REGN DEC 28 2018 385.0 Call @ 2.20
RTN:
Sold RTN JAN 4 2019 175.0/185.0 Bear Call Spreads @ .62
SMH:
Bought to Close SMH DEC 21 2018 94.5 Calls @ .07 (sold for .58)
Sold SMH JAN 4 2019 94.0 Calls @ .55
SOXL: Covered but didn’t get a chance to sell a new batch…
Bought to Close SOXL DEC 21 2018 100.0 Calls @ .10 (sold for 12.35)
TNA:
Bought to Close TNA DEC 28 2018 60.0/70.0 Bear Call Spreads @ .06 (sold for .91)
Sold TNA JAN 11 2019 55.0 Calls @ .82
TQQQ: Some covered and some against LEAPS…
Bought to Close TQQQ DEC 21 2018 46.0 Calls @ .05 (sold for .82)
Bought to Close TQQQ DEC 21 2018 48.0 Calls @ .05 (sold for 2.05)
Sold TQQQ JAN 4 2019 47.0/52.0 Bear Call Spreads @ .63
Sold TQQQ JAN 4 2019 45.0 Call @ 1.60
Sold TQQQ JAN 18 2019 45.0 Calls @ 1.65
UVXY:
Rolled UVXY DEC 28 2018 57.5 Puts to DEC 28 2018 65.0 Puts @ 1.46 credit
Sold UVXY DEC 28 2018 60.0 Puts @ 1.55
Sold UVXY DEC 28 2018 62.5 Puts @ 1.60
WTW:
Sold WTW JAN 4 2019 46.0 Calls @ 1.00
WYNN: Some covered and some against LEAPS…
Sold WYNN JAN 11 2019 114.0/124.0 Bear Call Spreads @ 1.05
Sold WYNN JAN 11 2019 110.0 Call @ 2.18
Bought to Close WYNN DEC 21 2018 110.0 Call @ .05 (sold for 3.25)
XBI:
Bought to Close XBI DEC 28 2018 81.5 Calls @ .02 (sold for .40)
Bought to Close XBI DEC 28 2018 82.5 Calls @ .01 (sold for .51)
Sold XBI JAN 4 2019 77.0/82.0 Bear Call Spreads @ .71)
MO
#LongCalls #LEAPS – A cheap one I took for fun where the weekly sales got in trouble almost immediately. Rolled them way out and up. Finally getting a chance for a reset. Out to 2021 only needing .04 per week…
Bought to Close MO MAR 15 2019 57.5 Calls @ .74 (sold for .72)
Sold MO DEC 28 2018 53.0 Calls @ .36
more DUST
#BearCallSpreads – My last position in this ticker. So long ‘ol buddy!
Bought to Close DUST DEC 21 2018 30.0/35.0 Bear Call Spreads @ .10 (sold for 1.38)
AMAT DG EWW OLED TNA UVXY WYNN
#LongCalls #LongPuts #LEAPS – Taking a shot with some additional sales with stops on previous weeks that are profitable. I may get stopped out of a few of those if the market reacts positively to the Fed….but Gubment shutdown still looming….(insert OMG scary face world is ending emoji here…LOL!).
AMAT:
Sold AMAT JAN 11 2019 37.0/42.0 Bear Call Spreads @ .32
DG:
Sold DG JAN 11 2019 109.0 Calls @ .92
EWW:
Bought to Close EWW DEC 28 2018 43.0 Calls @ .05 (sold for .40)
Sold EWW JAN 11 2019 42.0 Calls @ .38
OLED:
Sold OLED JAN 4 2019 110.0 Calls @ 1.15
TNA: Added to LEAPS and new sales…
Bought to Open TNA JAN 15 2021 70.0 Calls @ 7.00
Sold TNA JAN 4 2019 55.0/60.0 Bear Call Spreads @ .52
UVXY:
Rolled UVXY DEC 28 2018 52.5 Puts to UVXY DEC 28 2018 57.5 Puts @ .56 credit
WYNN:
Sold WYNN JAN 4 2019 115.0 Calls @ 1.55
A near record setting week of premium selling last week and this week is shaping up nicely. Let’s see where the bounce goes…
DUST
#LongPuts #LEAPS – Turned out to be a good short but feel like I’ve got about all I can get for now. Gold pushing up against resistance and DUST back near it’s original starting point prior to the run up so booking it.
Entered the trade on the spike in mid August and added on the September spike. In spite of some weekly puts having issues and never quite getting to a full position it turned out ok.
Sold to Close DUST JAN 17 2020 40.0 Puts
Bought to Close DUST JAN 4 2019 32.0 Put
Bought to Close DUST JAN 4 2019 33.0 Put
Bought to Close DUST JAN 11 2019 23.5 Puts
All said and done a 4.57 winner on a 7 lot.
🙂 🙂
WYNN
#LongCalls #LEAPS – Filled on a batch of the over sales. Looking to sell ’em again tomorrow either for the double dip next week or the week after…
Bought to Close WYNN DEC 21 2018 120.0 Calls @ .05 (sold for 1.16)
UVXY
DG TNA TQQQ XBI
#LongCalls #LEAPS – I thought I was done but I can’t resist selling a little more into this volatility. Gives me a little extra hedge if we open down next week also.
DG: Stop set on next week so going out with an overlapping sale. Selling against 110/90 put spreads so any sale above 110 is a nice one.
Sold DG JAN 4 2019 110.0 Calls @ .70
TNA: Booking and selling. Fairly aggressive double dip next week.
Bought to Close TNA DEC 21 2018 66.5 Calls @ .05 (sold for .81)
Sold TNA DEC 21 2018 54.0 Calls @ .62
TQQQ: Same as TNA double dipping next week…(hopefully)
Bought to Close TQQQ DEC 21 2018 54.0 Calls @ .05 (sold for .85)
Sold TQQQ DEC 21 2018 46.0 Calls @ .82
XBI: Booking and selling.
Bought to Close XBI DEC 21 2018 85.0/95.0 Bear Calls Spreads @ .01 (sold for .63….legged out to get the net penny 🙂 )
Sold XBI DEC 28 2018 81.5 Calls @ .40
Just for margin purposes in the IRA: Bought XBI DEC 28 2018 88.5 Calls @ .01 paired with 81.5 and 82.5 short calls.
Whew! Happy weekend everyone!
WTW
#LongCalls #LEAPS – This is turning into one of my more interesting positions. Started out as a blown out earnings strangle and then became a covered call position. To free up cash the stock was rolled into 2021 LEAP calls at the 50 strike. Throughout the entire ordeal I’ve managed to stay pretty close to even but unable to get all the way there. Still not bad when considering it all started up around 80 and the stock is below 48 now.
It’s trying to find a bottom or could be setting up for another leg down. As long as it’s grinding sideways, I’ll keep hammering the weekly sales right at the money with great premium. This could end up being a longer term hold. Starting to see a lot of potential considering all the premium brought in so early in a 2021 position…
These are non ratio’d full sales that I will roll at the first sign of negative deltas. Otherwise keep selling.
Bought to Close WTW DEC 14 2018 49.5 Calls @ .05 (sold for 1.15)
Sold WTW DEC 28 2018 48.5 Calls @ 1.85
That’s it for me this week (I think ). Another pretty good week of selling with the elevated volatility…
WYNN
#LongCalls #LEAPS – Next week’s naked 120’s look pretty safe so doubling up with spreads since it’s an IRA.
Sold WYNN DEC 28 2018 115.0/125.0 Bear Call Spreads @ 1.20
UNG
OLED
#ShortCalls #BullPutSpreads – Booking this for safety since I’ve been overselling slightly…
Bought to Close OLED DEC 14 2018 101.0 Calls @ .05 (sold for 1.30)
RTN
#LongCalls #LEAPS – Slowly but surely…
Bought to Close RTN DEC 21 2018 185.0/195.0 Bear Call Spreads @ .04 (sold for .73)
REGN
#ShortCalls #BullPutSpreads – Still selling against Jan 2021 ITM bull put spreads to reduce basis if I eventually end up with the stock. Learned my lesson on this ticker to never try for that last dime. It can move bigly in a short time.
Bought to Close REGN DEC 14 2018 380.0 Call @ .10 (sold for 2.55)
Sold REGN DEC 21 2018 397.5 Call @ 2.10
XLE
Possible #LongCalls #LEAPS entry here. Trying to bottom and you could cover over 10 percent of LEAPS cost in the first week…
SMH
#LongCalls #LEAPS – Another good week in this one. Not getting sold too hard anymore but not rallying either.
Bought to Close SMH DEC 14 2018 95.0 Calls @ .05 (sold for .82)
Sold SMH DEC 21 2018 94.5 Calls @ .58
XBI
#LongCalls #LEAPS – In an IRA so rotating back and forth between spreads and naked to be able to overlap these by a few days. Next week’s spreads are safe so adding…
Sold XBI DEC 28 2018 82.5 Calls @ .51
OLED
#ShortCalls #BullPutSpreads – Tomorrow looks good and next wek is getting some breathing room so adding the next batch…
Sold OLED DEC 28 2018 105.0 Calls @ 1.10
EWW
#LongCalls #LEAPS – Slow day today…finally. 🙂 🙂
Bought to Close EWW DEC 21 2018 43.5 Calls @ .05 (sold for .40)
Sold EWW JAN 4 2019 42.5 Calls @ .36
TQQQ
#LongCalls #LEAPS – Stop set on next week’s short 54.0’s so adding some spreads since it’s in an IRA…
Sold TQQQ DEC 28 2018 52.0/58.0 Bear Call Spreads @ .72
TNA
#LongCalls #LEAPS – Stop set on next week’s short 66.5s so adding some spreads since it’s in an IRA…
Sold TNA DEC 28 2018 60.0/70.0 Bear Call Spreads @ .91
UVXY
UVXY
DUST
AMAT
#LongCalls #LEAPS – Booking these extra sales just in case the rally holds…
Bought to Close AMAT DEC 14 2018 37.0/42.0 Bear Call Spreads @ .08 (sold for .46)
UVXY
#LongPuts #LEAPS #ShortCalls – Sold next week’s a little early so booking this week for safety.
Bought to Close UVXY DEC 14 2018 55.0 Puts @ .23 (sold for 1.72)
OLED TNA UNG
#LongCalls #LongPuts #LEAPS #CoveredCalls – Out most of the day but got a few trades in…
OLED: Adding…
Sold OLED DEC 21 2018 104.0 Calls @ 1.05
TNA: Covered calls…
Bought to Close TNA DEC 14 2018 65.0 Calls @ .05 (sold for 2.36)
Sold TNA JAN 18 2019 60.0 Calls @ 2.15
UNG:Sold against long puts…
Bought to Close UNG DEC 14 2018 31.5 Puts @ .05 (sold for .41)
DUST
UNG
AMAT DUST WTW WYNN
#LongCalls #LongPuts #LEAPS – A few rolls and new sales…
AMAT: Giving it some room. Close to being out of this one so being careful.
Sold AMAT JAN 18 2019 39.0/44.0 Bear Call Spreads @ .31
DUST: Rolling a couple puts down sold against more long puts
Rolled DUST DEC 14 2018 34.0 Put to JAN 4 2019 33.0 Put @ .02 credit
Rolled DUST DEC 14 2018 33.0 Put to JAN 4 2019 32.0 Put @ .17 credit
WTW:
Bought to Close WTW DEC 7 2018 50.0 Calls @ .05 (sold for 1.95)
Sold WTW DEC 14 2018 49.5 Calls @ 1.15
WYNN:
Bought to Close WYNN DEC 7 2018 115.0 Calls @ .03 (sold for 1.13)
Sold WYNN DEC 21 2018 120.0 Calls @ 1.16
SMH
#LongCalls #LEAPS – Surprisingly this ticker isn’t getting killed too bad today (yet)…
Bought to Close SMH DEC 7 2018 98.0 Calls @ .05 (sold for .85)
Sold SMH DEC 14 2018 95.0 Calls @ .82
UVXY
#LongPuts #LEAPS #ShortCalls – This week’s short puts are obviously safe. Sizable position with nice profits. For risk management I used those profits to buy back a couple short calls I wasn’t comfortable with. Position is out to 2021 so plenty of time to get that back. Much more comfortable now with one short call against 8 short puts in the weeklies. Sold next week’s…
Sold UVXY DEC 14 2018 55.0 Puts @ 1.72
TNA TQQQ
#LongCalls #LEAPS – Another round…let’s see if the market can get back to these.
TNA:
Bought to Close TNA DEC 7 2018 67.5 Calls @ .05 (sold for .92)
Sold TNA DEC 21 2018 66.5 Calls @ .81
TQQQ:
Bought to Close TQQQ DEC 7 2018 55.5 Calls @ .05 (sold for .45 after paying a debit roll)
Sold TQQQ DEC 21 2018 54.0 Calls @ .85
DG
#ShortCalls #BullPutSpreads – Replacing this week’s 122’s…
Sold DG DEC 21 2018 109.0 Calls @ .60
RTN
#LongCalls #LEAPS – Bought to Close RTN DEC 14 2018 185.0 Calls @ .05 (sold for .86)
OLED
#ShortCalls #BullPutSpreads – Hopefully add some more later in the week when the current ones get a little more profit in them…
Sold OLED DEC 21 2018 105.0 Call @ 1.00
UVXY
#LongPuts #LEAPS #ShortCalls – Selling small against short puts….
Bought to Close UVXY DEC 7 2018 60.0 Call @ .17 (sold for 2.30)
Sold UVXY DEC 14 2018 50.0 Call @ 2.42
EWW
#LongCalls #LEAPS – Over sales so getting out of the way…
Bought to Close EWW DEC 14 2018 44.0 Calls @ .30 (sold for .48)
GLD
#LongCalls #LEAPS – Over sales so getting out of the way…
Bought to Close GLD DEC 14 2018 120.0 Calls @ .14 (sold for .46)
S&P up 140 points…?
Cramer says this scenario will be a 5 percent rally. It’s still anybody’s guess…
https://www.cnbc.com/2018/12/01/us-china-wont-impose-additional-tariffs-after-january-1-report.html
UVXY
#LongPuts #LEAPS #ShortCalls – Let’s give Mr. Market some incentive…
Sold UVXY DEC 28 2018 60.0 Call @ 3.35
UVXY
#LongPuts #LEAPS #ShortCalls – Rolling…
Rolled UVXY NOV 30 2018 54.0 Puts to DEC 7 2018 51.0 Puts @ .90 credit
AMBA Earnings
#Earnings – Gave it shot. I’m great at getting stocks to make moves way outside expected. LOL Paying the extra penny to avoid the exercise fees.
Bought to Close AMBA NOV 30 2018 32/34/36 Iron Flies @ 2.01 (sold for 1.73)
TNA
#CoveredCalls – Keeping it pretty tight betting no major agreement over the weekend. Now we wake up Monday morning with TNA at 75…LOL
Bought to Close TNA NOV 30 2018 65.0 Calls @ .05 (sold for 1.55)
Sold TNA DEC 14 2018 65.0 Calls @ 2.36
UPRO
#ShortPuts #IRA – Late fill…
Bought to Close UPRO DEC 21 2018 30.0 Put @.10 (sold for 1.05)
OLED
#ShortCalls – Just for safety taking these extras off…
Bought to Close OLED NOV 30 2018 94.0 Calls @ .37 (sold for .85)
Bought to Close OLED NOV 30 2018 95.0 Calls @ .17 (sold for 1.15)
AMBA Earnings
#Earnings #IronFlies – Let’s try it again…risk .27 to make 1.72. Two wide on a 3.90 expected move. Low risk, low probability, high reward.
Sold AMBA NOV 30 2018 32/34/36 Iron Flies @ 1.73
TNA
#ShortPuts #IRA – With enough risk in Dec and Jan I’m looking out to Feb now. 21.5% annualized or a pretty good price to buy some stock if it gets there.
Sold TNA FEB 15 2019 50.0 Put @ 2.20
TNA
#ShortPuts #IRA – Just for risk reduction. Now hoping my 65 strike covered calls expire tomorrow. Threading the needle again. 🙂 🙂
Bought to Close TNA NOV 30 2018 60.0 Puts @ .10 (sold for 2.25)
BOIL
#BearCallSpreads – Surprised I got filled on this one. Better than yesterday even with the stock down a little.
Sold BOIL MAR 15 2019 50.0/60.0 Bear Call Spread @ 3.25
UNG
DLTR Earnings
#Earnings #IronFlies – Not looking like it’s gonna come back so taking a tiny loss instead of small loss…LOL Now I can try again in something else. On the bright side the pin action is carrying over to DG although I think DG is a much better store. 🙂
Bought to Close DLTR NOV 30 2018 80.5/83.5/86.5 Iron Flies @ 2.70 (sold for 2.59)
OLED
#ShortCalls #BullPutSpreads – Replacing this week’s with a half size for now…
Sold OLED DEC 7 2018 98.0 Calls @ .72
DG
#ShortCalls #BullPutSpreads – Re-loading for earnings. Nice bounce is allowing a sale at 1.5x the expected move and well above the all time high. I may adjust this down prior to the announcement. Selling against bull put spreads.
Sold DG DEC 7 2018 122.0 Calls @ .60
UVXY
#LongPuts #LEAPS #ShortCalls – Selling a call now against where I will hopefully be able to sell a new batch of puts tomorrow. Ratio is now 16 long puts against 8 short puts against 3 short calls (calls spread out to only one per week for safety). Trying to generate as much cash as possible over the next 111 weeks.
Sold UVXY DEC 7 2018 60.0 Call @ 2.30
DLTR Earnings
#Earnings #IronFlies – As usual…low risk and low probability but good reward if it works. Risk .41 to make 2.59 playing 3 wide on a 5.90 expected move.
Sold DLTR NOV 30 2018 80.5/83.5/86.5 Iron Flies @ 2.59
TQQQ
#LongCalls #LEAPS – Lots of time left on this one so taking the small loss since it’s getting a little DITM and sold below the LEAPS.
Bought to Close TQQQ NOV 30 2018 47.0 Calls @ 2.90 (sold for 2.50)
TNA
#LongCalls #LEAPS – Just in case this rally has any follow through tomorrow I’m getting out of the way with a decent weekly profit. Looking to re-load higher at some point.
Bought to Close TNA NOV 30 2018 63.0 Calls @ 1.01 (sold for 2.45)
UVXY
#LongPuts #LEAPS #ShortCalls – Even though UVXY is down today, it’s still historically high so booking and re-selling. Hoping to add another on any decent pop.
Bought to Close UVXY NOV 30 2018 60.0 Call @ .24 (sold for 4.40)
Bought to Close UVXY DEC 7 2018 70.0 Call @ .42 (sold for 4.10)
Sold UVXY DEC 14 2018 60.0 Call @ 2.25
BOIL
#BearCallSpreads – Adding one. Sold the first one into the panic for 4.27. Gonna be hard to match that…
Sold BOIL MAR 15 2019 50.0/60.0 Bear Call Spread @ 3.00
DG
#ShortCalls #BullPutSpreads – Just for safety booking a small gain on the weekly sale. I’ll reload for earnings next week…
Bought to Close DG NOV 30 2018 110.0 Calls @ 1.70 (sold for 2.00)
Long Calls, LEAPS and a Fuzzy twist…
I’ve got a couple experiments going on that are kind of interesting. They came out of long term positions where the weekly calls got run over. I booked the LEAP calls for gains and then rolled the run over weekly calls into bull put spreads and continued selling against them.
While doing this I’m beginning to wonder if that would be a reasonable way to play something long term without having to buy anything. (nothing out of pocket 🙂 🙂 )
For instance let’s look at WYNN. A stock that’s pulled back a lot with great weekly premium.
How about selling a Jan 2021 ITM 140/110 bull put spread for 18 bucks. 30 wide for 18 bucks so the max risk is 12 dollars. Sell weekly calls against the spread for the next two years only needing to cover the 12 dollars to have a risk off trade. What could happen long term?
1. Stock rallies then all good (assuming weeklies aren’t in trouble)
2. Stock tanks but you easily cover the risk with weekly sales.
3. A combination of both where selling just 50 cents a week makes 44 dollars profit at the end no matter where the ITM spread ends up.
I think I like these since they can be done without any cash outlay and the minimum required to cover the risk is considerably less (Jan 2021 LEAP calls are 25 dollars so over twice the risk of the ITM spread). Profit is “sort of” capped but that’s ok. The real money is in the weekly sales anyway.
Whaddya think?
REGN
#ShortCalls #BullPutSpreads – Still selling against Jan 2021 ITM bull put spreads to reduce basis if I eventually end up with the stock.
Sold 1 REGN DEC 14 2018 380.0 Call @ 2.55
XBI
#LongCalls #LEAPS – Sold XBI DEC 21 2018 85.0/95.0 Bear Call Spreads @ .63
RTN
#LongCalls #LEAPS – Glad I sold all those new positions yesterday…LOL
Bought to Close RTN DEC 7 2018 187.5/197.5 Bear Call Spreads @ .08 (sold for .70)
MO
#LongCalls #LEAPS – Can’t resist this one. I’ll take a shot for 4 cents a week. Half size to begin with…
Bought to Open MO JAN 15 2021 55.0 Calls @ 4.75
Sold MO DEC 14 2018 55.0 Calls @ .54
RTN
#LongCalls #LEAPS – Already up nicely on the earlier sale and some other spreads. Adding again with stops on the others. Basing these sales on resistance and the expected move.
Sold RTN DEC 21 2018 185.0/195.0 Bear Call Spreads @ .73
AZO
#LongCalls #LEAPS – Trade repair I entered on May 25th as a 1×1 LEAP position. Long up 135 points but blocked by weekly. Rolling the weekly out to earnings but not up. Taking the max downside protection in case May 22nd or Oct 17th repeats itself. Sweet spot would be a selloff to my short call strike. (an Oct 17th repeat! LOL)
Rolled AZO NOV 30 2018 742.5 Call to DEC 7 2018 742.5 Call @ 5.18 credit (great fill with my 4.25 offer 🙂 🙂 )
DUST
RTN
#LongCalls #LEAPS – This is one I’ve decided not to take out to 2021. Pretty boring so gradually covering the 2020 position.
Bought to Close RTN NOV 30 2018 187.5/197.5 Bear Call Spreads @ .04 (sold for 1.08)
Sold RTN DEC 14 2018 185.0 Calls @ .86
Options Bistro 