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Author Archives: fuzzballl
ROKU Earnings
#Earnings #JadeLizard – Trying the Lizard again. Selling the upside pretty tight at half the expected move allowing put sales outside the expected move. No upside risk with breakeven down at 39.15 (not that that’s really safe…LOL)
Sold ROKU 40.5/50/51 Jade Lizards @ 1.35
XLE
#IronCondors – Another Whiz trade…just a one lot but still experimental. I think he did about 150 of them.
Bought to Close XLE AUG 10 2018 73.5/74.0/77.0/77.5 Iron Condor @ .04 (sold for .27)
WTW Earnings
#Earnings – Sold WTW AUG 10 2018 80.0 Calls @ .90
Now sitting 83/80 inverted @ 3.84 total credit.
Still wanting the stock in between the strikes at expiration to hopefully make the .84
AMZN
#BullPutSpreads – This is a Whiz trade that he put on when AMZN was trading slightly above 1800. I didn’t get filled that day but when AMZN dipped well below 1800 I sold the same strikes but ITM. He called the bounce and he sure was right this time. I’ve been experimenting with some of his trades with one lots just to get used to the style. I may ramp up the volume a little eventually.
Bought to Close AMZN AUG 17 2018 1800.0/1797.5 BuPS @ .15 (sold for 1.31)
TSLA
#LongCalls #LongPuts #LEAPS – It was an interesting experiment trading both sides. I think it could’ve worked but with all the crazy stuff going on I’m completely out. Taking a loss but luckily had captured a bunch of premium already. Normally I would stick it out and try to get to even but this is one of those cases where I think putting the cash to work elsewhere is the best for me.
Seems like I have one clunker every year…CMG in 2016 and REGN in 2017. One big loss that’s only partially offset by other winners within the ticker. Same here…loss that wipes out my TSLA 2018 gains plus a little more. But, that’s why you stay small in these types of positions.
Closed my put side yesterday with the final numbers being a 5.27 loss on a 2 lot.
Closed my call side today with the final numbers being an 18.30 loss on a 2 lot.
The cash will be deployed elsewhere and I’ll get that back…LOL Might even sell some TSLA spreads. BTW…I still like the cars and love the Space X program. Not particularly a fan of the Muskie though!
TSLA
#LongCalls #LongPuts #LEAPS – Trading both sides. Not willing to risk Muskie actually being serious about the buyout. Calls were already ITM so rolling them out and above my long 2020’s until things calm down.
Rolled TSLA AUG 31 2018 292.5 Calls to JAN 17 2020 360.0 Calls @ 4.24 debit
These had 32.56 of credit in them already so that reduces to 28.32. Had already reduced the basis in the long calls by quite a bit. A quick look at the numbers shows:
Long 2020 350/360 BeCS @ 23.30
If the buyout were to actually happen it would be a 13.30 loser but that’s better than without the roll. I’ll continue selling the put side for now.
WTW
#FallingKnife ? – Might be starting a bounce here…
UVXY
#ContangoETFs – New lifetime low….c’mon Mr. Market give us a 1 for 10 this time!
BABA
#LongCalls #LEAPS – Started this yesterday as a non-ratio. Approaching negative deltas so rolling out and up. Negative deltas a second time and I’ll book it and move on down the road. This is all still prior to earnings…
Rolled BABA AUG 10 2018 180.0 Calls to AUG 17 2018 182.5 Calls @ .13 credit
TWLO WTW Earnings
#Earnings #ShortStrangles – Small positions on not very expensive stocks so I’ll hang on and trade ’em for awhile. I’m great at picking the ones that move 15 or 20 percent on 70 dollar stocks… 🙂 🙂
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TWLO:
56/72 Strangles and the call side has been threatened so selling some additional puts…
Bought to Close TWLO AUG 10 2018 56.0 Puts @ .02
Sold TWLO AUG 10 2018 71.0 Puts @ 1.10
Now holding 71/72 Strangles @ 3.19 for this week
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WTW:
Similar to TWLO but in the other direction.
83/101/103 Jade Lizards and the put side has been threatened so selling additional calls…
Bought to Close WTW AUG 10 2018 101.0/103.0 Bear Call Spreads @ .02
Sold WTW AUG 10 2018 86.0 Calls @ .85
Now holding 83/86 Strangles @ 2.94 for this week
WTW Earnings
#Earnings #JadeLizard – Staying small…just a couple. Puts at the expected move and calls just inside the expected move with no upside risk…
Sold 83/101/103 Jade Lizards @ 2.11
TWLO Earnings
#Earnings – High IV so gotta sell something. Basic strangle sales near the expected move and skewed slightly to the upside.
Sold TWLO AUG 10 2018 56.0/72.0 Strangles @ 2.11
Expirations
#OptionsExpiration – Had a few this week….
ADSK 133 Calls (sold for 1.28)
GLD 117.5 Calls (sold for .41)
RTN 197.5 Calls (sold for 1.10)
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – Still playing both sides. Rolled the calls and booked the puts and sold new puts.
Rolled TSLA AUG 3 2018 290.0 Calls to AUG 31 2018 292.5 Calls @ .46 credit
Bought to Close TSLA AUG 3 2018 352.5 Puts @ 4.45 (sold for 13.15)
Sold TSLA AUG 10 2018 350.0 Puts @ 9.60
RTN
#LongCalls #LEAPS – This is a 2×4 ratio in an IRA. Another advantage to the ratios is that in a non taxable account you can let the current week expire while still getting the next sales going.
Sold RTN AUG 17 2018 200.0 Calls @ 1.24
I’ll let this week’s 197.5s expire…
EWZ
#LongCalls #LEAPS – My first chance to work with a recovering ratio. Sold 5×10 all the way down just killing time and bringing in some premium. With the ratio the big recovery is pretty painless.
Adding one contract back on the roll to get a small credit…
Rolled 5 EWZ AUG 3 2018 34.0 Calls to 6 EWZ AUG 31 2018 35.0 Calls @ $26 net credit.
SHAK again
#ShortPuts – Not really a #FallingKnife but with their expansion plans I’d take it down around the 200ma…
Sold SHAK DEC 21 2018 50.0 Put @ 2.20
Sold SHAK DEC 21 2018 47.5 Put @ 1.63
SHAK Earnings
#Earnings #JadeLizard – Worked nicely…I’m out.
Original trade was:
Sold 57.0 Puts and Sold 70/71 Call Spreads @ 1.19 total credit
Bought to Close SHAK AUG 3 2018 57.0 Puts @ .20
70/71 calls spreads should expire…
New Background….
Normally I’m onboard with these but this one makes me dizzy!
🙂 🙂
SHAK Earnings
#Earnings #JadeLizard – With the IV in this thing and only one day to go I feel like I’ve gotta do something. Working both sides at the expected move (+/- 6.50) and selling a Jade Lizard. No upside risk here and breakeven down around the 100ma. One third position size just in case a repair is needed.
Sold 57.0 Puts and Sold 70/71 Call Spreads @ 1.19 total credit
AMBA
#LongCalls #LEAPS – Another week…this thing looks like it’s ready to head back up.
Bought to Close AMBA AUG 3 2018 40.5 Calls @ .05
Sold AMBA AUG 17 2018 40.0 Calls @ .75
TQQQ
@ShortPuts – Just filled on this…
Bought to Close TQQQ JAN 18 2019 20.00 Puts @ .20 (sold for 1.57)
And right at the open in a small account that I’m going to get a little more aggressive in:
Sold TQQQ SEP 21 2018 60.0 Put @ 3.90
Sold TQQQ SEP 21 2018 55.0 Put @ 2.35
Sold TQQQ SEP 21 2018 48.33 Put @ 1.15
TSLA
#Earnings – I was early figuring this move would get sold but I’ll take it…
Sold to Close 325/335/345 Call Butterfly @ 2.35 (bought for .64)
.58 loss on the put butterfly so net gain of 1.13….just a little over 100 percent. Same position is sitting at 3.16 right now. No regrets!
Hey
I’m still here…just been a crazy week outside the market so far. Nothing much to do anyway…just letting weeklies wind down for the next sales.
Have a great week!
TQQQ
#ShortPuts – Re-loading a starter position.
Sold TQQQ DEC 21 2018 45.0 Put @ 2.61
I’ll be looking out to Jan at the 40 and lower strikes on any more weakness…
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – It’s gonna be another crazy trip on Mr. Toad’s Wild Ride next week with earnings. I rolled these calls down a couple times this week collecting more premium but they didn’t quite get taken out. I’m rolling straight out for next week to give my ITM short puts some protection.
Rolled TSLA JUL 27 2018 290.0 Calls to AUG 3 2018 290.0 Calls @ 10.10 credit (32.10 total now)
Not bad when figuring the 2020 LEAP calls only cost 69.45 and basis already reduced to 51.61…
TQQQ
#ShortPuts #IRA – Just noticed this from earlier. Clearing out a little more to make room for the next implosion…these are the post-split numbers.
Bought to Close TQQQ JAN 18 2019 18.33 Puts @ .15 (sold for 1.33)
FB TWTR earnings…
#Earnings – Taking a total loss of $177 dollars in my iron fly lottery tickets. It’s amazing that not even a 4.1% GDP can overcome the power of the Fuzz….how many billions of dollars of market value have I wiped out in two days??
🙂
😦
ADSK
#LongCalls #LEAPS – Finally a pullback to get rid of a non ratio position. Selling next week minimally and ratio’d…
Bought to Close ADSK JUL 27 2018 135.0 Calls @ .01 (sold for 1.50)
Sold ADSK AUG 3 2018 133.0 Calls @ 1.20
TWTR
#Earnings – OK…after this TWTR should be trading about 15 dollars tonight. 🙂
Sold 38.5/42.5/46.5 Iron Flies @ 3.27
Risking 73 to make 327 needing just slightly less than the expected move…
SPY Hedge
#Hedge – With the hedge subject being discussed here’s what I did based on last nights Theo Trade free update video. Playing SPY both ways for minimal cost but still very nice protection. He says max risk is what you paid for the position but it looks like there are small pockets of slightly greater risk if held all the way to expiration. I’m not 100 percent sure I’ve got the risk graph configured properly. I also moved the strikes up a little from the video.
AMBA AZO ERX FAS OLED PYPL
#LongCalls #LEAPS – Some rolls and adjustments….these are all ratio’s except for AZO which is a trade repair from an old strangle that I’m working.
AMBA:
Bought to Close AMBA JUL 27 2018 41.0 Calls @ .05 (sold for .62)
Sold AMBA AUG 3 2018 40.5 Calls @ .50
AZO:
Rolled AZO JUL 27 2018 662.5 Call to AUG 10 2018 665.0 Call @ .31 debit
Stock was up big on ORLY earnings earlier. We know how that worked out last quarter 🙂
ERX:
Rolled ERX JUL 27 2018 37.5 Calls to AUG 3 2018 38.0 Calls @ .15 credit
FAS:
Rolled FAS JUL 27 2018 65.5 Calls to AUG 10 2018 66.0 Calls @ even
OLED:
Rolled OLED JUL 27 2018 91.5 Calls to AUG 17 2018 95.5 Calls @ .13 credit
PYPL:
Using the earnings weakness to roll and reduce the ratio. Should pay off on the next bounce…
Rolled PYPL JUL 27 2018 85.0 Calls to AUG 17 2018 85.5 Calls @ total debit of $75.00 (reduced from 8 to 7)
TQQQ
#ShortPuts #IRA – Clearing out a little more to make room for the next implosion…these are the post-split numbers.
Bought to Close TQQQ JAN 18 2019 16.67 Puts @ .15 (sold for 1.07)
NVDA FB
#ShortPuts – Alright…my 52 dollar loss on the iron fly single handedly brought down FB (sorry Zuck!). 🙂
Had to book an NVDA position to make room for a new FB. Was considering doing it before earnings anyway.
Bought to Close NVDA SEP 21 2018 175.0 Put @ .40 (sold for 4.90)
Sold FB JAN 18 2019 155.0 Put @ 5.50 (a little early)
FB
#Earnings – Just for the heck of it….
Sold 212.5/217.5/222.5 Iron Flies @ 4.48
Risk 52 to make 448 but need half the expected move…low risk with low probability.
ROKU
Hey Mama….how does ROKU look for an earnings runup play? I’m guessing yesterday would’ve been better. We’re about 2 weeks out now.
TQQQ (again)
#LongCalls #LEAPS – Trading around this one again. Looking to reduce some of my positions so booking some profits. It was a 3×2 ratio so taking it off on the bounce today.
Sold to Close TQQQ JAN 17 2020 60.0 Calls
Bought to Close TQQQ AUG 3 2018 57.5 Calls
All said and done a 1.49 winner on the 3 lot. A great year in TQQQ so far…
AVGO
#LongCalls #LEAPS – Well that didn’t take long….negative deltas for a second time so booking it. Sold first batches of weekly calls aggressively and non-ratio’d just in case there was no bounce. Since it got the bounce I’ll take the quick 10 day winner.
Sold to Close AVGO JAN 17 2020 210.0 Calls
Bought to Close AVGO AUG 3 2018 212.5 Calls
3.45 winner on a big ‘ol 2 lot…
AVGO
#LongCalls #LEAPS – Reaching negative deltas so rolling out and up. Negative deltas a second time and I’ll book it as a short term win.
Rolled AVGO JUL 27 2018 210.0 Calls to AUG 3 2018 212.5 Calls @ .15 debit
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – Another fill on Friday while I was out….a call side roll still prior to earnings…
Rolled TSLA Jul 20 2018 315.0 Calls to Jul 27 2018 315.0 Calls @ 6.15 credit (11.80 total now)
CELG
#LongCalls – A final postmortem on my old buddy after taking the trade all the way to the end selling weeklies against long calls…(this was an experimental shorter term position and not a #LEAPS trade).
Initial Cost of a 5 lot of long calls: $5116.95
Total weekly premium received: $4983.85
Net loss of 133.10 including commissions. The trade was never profitable so happy with the end result….adios Mr. CELG!
LABU NVDA RTN SMH TQQQ
#LongCalls #LEAPS – All of these are ratios except the SMH (wish it was). Taking care of these today since I’ll be out all day tomorrow (3 day golf weekend…LOL). Still will have TSLA, AMAT, AVGO, CELG, EWZ to watch.
LABU:
Rolled LABU JUL 20 2018 90.0 Call to AUG 10 2018 91.0 Call @ .24 credit
NVDA:
Rolled NVDA JUL 20 2018 247.5 Call to JUL 27 2018 250.0 Call @ .55 credit
RTN:
Rolled RTN JUL 20 2018 195.0 Calls to AUG 3 2018 197.5 Calls @ .25 debit
SMH:
Rolled SMH JUL 20 2018 102.0 Calls to AUG 10 2018 103.0 Calls @ .12 credit
TQQQ:
Rolled TQQQ JUL 20 2018 57.0 Calls to AUG 3 2018 57.5 Calls @ even
PM
#ShortPuts #IRA #FallingKnife – A great dividend down at these levels. I missed the earnings selloff first thing this morning…
Sold PM DEC 21 2018 75.0 Put @ 2.60
Sold PM JAN 18 2019 75.0 Put @ 2.87
LMT
#preearnings #earningsrunup – Nice bounce today. Got the 40 percent….woohoo! Looks like it could have some more room too…another 4 dollars up to the 200ma.
Sold to Close LMT JUL 27 2018 327.5 Call @ 2.65 (bought for 1.90)
ERX
#LongCalls #LEAPS – Been wanting back in this one so earnings season probably as good a time as any…
5×4 ratio for now since there’s plenty of time left to get it all back…
Bought ERX JAN 17 2020 37.0 Calls @ 10.00
Sold ERX JUL 27 2018 37.5 Calls @ .95
CELG
#LongCalls – The experiment is winding down…adding another little bull put spread for some help. Still would like it back closer to 85 but risk is capped at 86. Looking like it will be an overall small loser but with earnings next week I may try one more trade to get even…LOL
Sold CELG JUL 20 2018 84.5/82.5 Bull Put Spreads @ .27
NFLX
At this pace a Jan 250 strike will be pushing 8 bucks tomorrow…
EDIT….oops was looking at Jun
TNA
#LongCalls #LEAPS – Using today’s pullback to book another one of my non-ratio positions. I’ll definitely be looking to reset on some more weakness….
Bought to Close TNA JUL 20 2018 81.0 Calls
Sold to Close TNA JAN 17 2020 80.0 Calls
All said and done made 1.02 per contract on a 7 lot. LEAPS were up about 12 points but blocked by the weekly sales almost from the beginning. 😦
ADSK FAS GLD NVDA OLED
#LongCalls #LEAPS – Another week….luckily these are ratioed so making a little bit on the run up. Did a little rolling but still keeping some downside room.
ADSK: (selling against short puts and long LEAPS)
Rolled ADSK JUL 13 2018 133.0 Calls to JUL 27 2018 135.0 Calls @ .48 credit
FAS:
Rolled FAS JUL 13 2018 64.5 Calls to JUL 27 2018 65.5 Calls @ .39 credit
Added one as well. Still little to no upside risk…
Sold FAS JUL 27 2018 65.5 Call @ 2.54
GLD:
Bought to Close GLD JUL 13 2018 119.0 Calls @ .01 (sold for .78)
And on the little bounce a couple days ago:
Sold GLD JUL 20 2018 118.5 Calls @ .44
NVDA:
Rolled NVDA JUL 13 2018 245.0 Call to JUL 20 2018 247.5 Call @ .35 credit
OLED:
Rolled OLED JUL 13 2018 90.0 Calls to JUL 27 2018 91.5 Calls @ .15 credit
Waiting to see how the AMAT 46 calls turn out and that’s it for this week…
AVGO
#LongCalls #LEAPS – New position…non-ratio 2×2 that I’ll roll immediately if deltas become negative. I’m guessing it grinds around down here or possibly drifts lower into earnings…
Bought AVGO JAN 17 2020 210.0 Calls @ 27.50
Sold AVGO JUL 20 2018 212.5 Calls @ 2.20
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – Re-loading the call side…
Bought to Close TSLA JUL 13 2018 320.0 Calls @ .12 and .14 (sold for 4.21)
Sold TSLA JUL 20 2018 315.0 Calls @ 5.65 and 5.39
AVGO
#ShortPuts #IRA – It would be a decent dividend down here with pretty good call premium on top of that. Starter position…
Sold AVGO JAN 18 2019 170.0 Put @ 5.00
FAS
#LongCalls #LEAPS – Was busy all weekend so just now getting caught up on last weeks trades. In the meantime had a small position over at Tastyworks that went negative deltas today (non-ratio) so booking it.
Sold to Close FAS JAN 18 2019 65.0 Calls
Bought to Close FAS JUL 20 2018 64.0 Calls
Booked 1.45 per contract on a huge 2 lot 🙂
FAS NVDA OLED
#LongCalls #LEAPS – All ratio positions so no need to get crazy. Just easing them up and keeping a little downside cushion. Done for the day!
FAS:
Rolled 63.5 Calls to next week 64.5 @ .17 credit (2 accounts)
NVDA:
Rolled 242.5 Call to next week 245.0 @ .57 credit
OLED:
Rolled 87.0 Calls to next week 90.0 @ .20 credit
CELG again….
#LongCalls – This is getting old. Big rally today above the 50ma. Rolled iron condor to a (semi) Jade Lizard putting most of the risk below the 50ma now.
Won’t bore you with numbers but rolled the short put side up to the 50ma. Took the credit and rolled short call side up. Call side is now a dollar wide with .40 credit. Put side is wider now so that’s where the risk is.
Plan A:
If it continues rallying I’ll roll the short puts up again to try to get as much of the 60 cent risk as I can.
Plan B:
If it tanks I may close the whole thing and see where I stand. If I’m not satisfied I’ll roll it all into a new 2020 LEAP position since it seems like it’s finally reversing course.
XBI roll and reduce
#LongCalls #LEAPS – Another one similar to XLY. Caught a great move and weeklies got run over so trade hasn’t really made anything. Rolling the short calls out a few weeks but not up much. Using the credit to remove one short call. This gives a 10×9 ratio reducing the upside risk. I’ll be watching it closely…in case of a pullback I might be able to get out at even and then reset to 2020 (or add to LABU instead)
Bought to Close 10 XBI JUL 13 2018 94.0 Calls
Sold 9 XBI AUG 10 2018 94.5 Calls
Did the roll for a total debit of .60. Since it was unbalanced that debit is not per contract. It’s 60 dollars total for the trade. A small price to pay to remove a lot of risk…
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – Re-loading the call side…
Bought to Close TSLA JUL 6 2018 320.0 Calls @ .10 (sold for 5.00)
Sold TSLA JUL 13 2018 320.0 Calls @ 4.21
RTN
#LongCalls #LEAPS – Replacing this week’s…
Sold RTN JUL 20 2018 195.0 Calls @ 1.35
XLY
#LongCalls #LEAPS – Instead of messing with this one any more I’m booking it at breakeven. Caught a great move on the entry months ago but weekly (1×1) call sales got run over and the trade just never worked. I’ll re-load on a pullback.
Sold to Close XLY JAN 18 2019 105.0 Calls
Bought to Close XLY JUL 6 2018 107.5 Calls
FB
#LongPuts #LongCalls #LongLEAPStraddles – Had been playing this one from both sides. The bounce today gets the overall position back to zero deltas. Since it’s only out to 2019 this is probably a good place to book it. Call side struggled a little but put side was great.
Sold to Close FB JAN 18 2019 190.0 Calls
Bought to Close FB JUL 13 2018 185.0 Calls
Sold to Close FB JAN 18 2019 160.0 Puts
Bought to Close FB JUL 20 2018 195.0 Puts
All said and done made 83 cents per contract on this wild experiment. (10 lot….5 each side)
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – Gonna have to roll the DITM puts as best I can but at least the call side is back in play. I’ll be using the ratio method for the call side since there’s plenty of premium available. Puts have about $15 dollars of premium in them so far so their basis is around 342 against long 2020 300 LEAP puts.
Rolled TSLA JUL 6 2018 360.0 Puts to JUL 27 2018 357.5 Puts @ .19 credit
Sneaking in a double dip on the call side this week….
Rolled TSLA JUL 6 2018 320.0 Calls to JUL 6 2018 312.5 Calls @ 1.81 credit (6.81 total now)
AMBA LABU
#LongCalls #LEAPS – A couple minor adjustments. Have to say the whole ratio thing is working great. No upside risk at all even when the short calls get a little underwater.
AMBA:
Rolling down and in to get out of these sooner allowing an extra week of sales.
Rolled AMBA JUL 20 2018 43.5 Calls down and in to JUL 13 2018 41.0 Calls @ .02 credit
LABU:
Rolled LABU JUL 6 2018 88.0 Call to JUL 20 2018 90.0 Call @ .11 credit
FAS
#LongCalls #LEAPS – Small position over at Tastyworks…
Bought to Close FAS JUL 6 2018 68.5 Calls @ .05 (sold for 1.06)
Sold FAS JUL 20 2018 64.0 Calls @ 1.90
TSLA
#LongLEAPStraddles – A small delta adjustment on the put side…
Rolled TSLA JUL 6 2018 340.0 Put up to JUL 6 2018 360.0 Put @ 7.09 credit (18.64 total now)
TSLA
This should be a wild week….I’m long 2020 LEAPS puts and calls against Jul 6th short puts and calls.
https://www.cnbc.com/2018/06/29/tesla-q2-production-and-delivery-numbers.html
CELG saga continues…
#LongCalls #CondorRoll – Of course I was a day early on my CELG sale for next week…LOL. Stock has started out strong today and looks to finally be heading back up (for now). I’ve been lucky so far selling just above this base but figured it would pop out eventually. For safety, I’m rolling the short call spread out a couple weeks to a skewed narrower iron condor. Playing it slightly bullish. I’m now in the expiration month of my long calls so we’ll wait and see where this ends.
To mange it I can roll the untested side (short only probably) for extra premium.
Bought to Close CELG JUL 6 2018 79.5/84.0 Bear Call Spreads @ .94
Sold CELG JUL 20 2018 74.0/77.0/83.0/86.0 Iron Condors @ 1.03
Originally sold the BeCS @ .37 so with the roll credit the condor is worth .46
TSLA
Leaks coming out from the factory…might come up a little light on the 5000/wk goal.
https://www.reuters.com/article/tesla-production/tesla-lagging-on-model-3-production-workers-say-idUSL1N1TR1WA
AMAT FAS GLD LABU NVDA RTN TQQQ
#LongCalls #LEAPS – Pretty good day of booking winners and selling new ones. Early on some and late on some but all of these are now ratios to reduce whipsaw upside risk.
AMAT:
Bought to Close AMAT JUL 6 2018 48.5 Calls @ .08 (sold for .41) A synthetic double dip this week 🙂
Sold AMAT JUL 13 2018 46.0 Calls @ .98
FAS: (2 accounts)
Bought to Close FAS JUN 29 2018 65.0 Calls @ .17 (sold for 1.40)
Bought to Close FAS JUN 29 2018 65.0 Calls @ .15 (sold for 1.42)
Sold FAS JUL 6 2018 63.5 Calls @ 1.22
Sold FAS JUL 6 2018 63.5 Calls @ 1.17
GLD:
Bought to Close GLD JUL 6 2018 121.5 Calls @ .08 (sold for .49)
Sold GLD JUL 13 2018 119.0 Calls @ .78
LABU:
Bought to Close LABU JUN 29 2018 103.0 Calls @ .09 (sold for 3.50 total after a double dip rolldown)
Sold LABU JUL 6 2018 88.0 Call @ 3.20
NVDA:
Bought to Close NVDA JUN 29 2018 250.0 Calls @ .11 (sold for 3.62 total after a double dip rolldown)
Sold NVDA JUL 6 2018 242.5 Call @ 2.81
RTN:
Bought to Close RTN JUN 29 2018 207.5 Calls @ .03 (sold for .73)
Sold RTN JUL 6 2018 195.0 Calls @ 1.24
TQQQ:
Adjusted early and ratio’d after adding to LEAPS
Bought to Open TQQQ JAN 17 2020 60.0 Call @ 13.50 (adding)
Bought to Close TQQQ JUL 20 2018 60.0 Calls @ 1.40 (sold for 1.65)
Sold TQQQ JUL 20 2018 57.0 Calls @ 2.65
CELG
#LongCalls – It’s been a long time coming but this next sale puts CELG in the green if it works out. Replacing this week’s expiration.
Sold CELG JUL 6 2018 79.5/84.0 Bear Call Spreads @ .37
AMBA
#LongCalls #LEAPS – Being careful with a possible whipsaw in this one also. No need to rush things. Already reduced basis by 43 percent in 5 weeks with the LEAPS out to 2020.
Bought to Close AMBA JUN 29 2018 44.0 Calls @ .05 (sold for .67)
Sold AMBA JUL 20 2018 43.5 Calls @ .75
EWZ
#LongCalls #LEAPS – Treading very carefully on this one. Only selling half size and bringing in just enough to cover the LEAPS cost until it starts to recover.
Bought to Close EWZ JUN 29 2018 35.0 Calls @ .01 (sold for .21)
Sold EWZ JUL 20 2018 33.0 Calls @ .44
TQQQ
#LongCalls #LEAPS – Jumping back in with a starter position. 20 percent of the size I closed on Friday and 2 dollars less. Leaving room to add if it keeps dropping.
Bought TQQQ JAN 17 2020 60.0 Calls @ 14.55
Sold TQQQ JUL 20 2018 60.0 Calls @ 1.65
T
#ShortPuts #IRA – Sold T JAN 18 2019 30.0 Puts @ 1.59
AMAT EWW FAS LABU OLED
#LongCalls #LEAPS – More premium collecting. Rolled some short calls down in this week and sold next week in some others.
AMAT:
Bought to Close AMAT JUN 29 2018 50.0 Calls @ .03 (sold for .49)
Sold AMAT JUL 6 2018 48.5 Calls @ .41 (80 percent size)
EWW:
Rolled 45.5 calls to next week 46 @ .10 credit
FAS:
Rolled this week 67.5 calls down to 65 @ .45 and .41 credits
LABU:
Rolled this week 112 calls down to 103 @ 1.05 credit
OLED:
Bought to Close OLED JUN 29 2018 94.0 Calls @ .05 (sold for 1.00)
Sold OLED JUL 6 2018 87.0 Calls @ 1.00
Options Bistro 