#ShortPuts #IRA – Replacing the 100 put closed earlier…
Sold SOXL JAN 18 2019 85.0 Put @ 6.80
Author Archives: fuzzballl
SOXL
#CoveredCalls #ShortPuts – Out of the 100 put and now need a pullback for the 100 calls.
Bought to Close SOXL NOV 16 2018 100.0 Put @ .25 (sold for 3.50)
TNA….threading the needle
#CoveredCalls #ShortPuts – Replacing some covered calls and still watching 60 strike short puts…
Bought to Close TNA NOV 16 2018 65.0 Calls @ .05 (sold for 2.00)
Sold TNA NOV 30 2018 65.0 Calls @ 1.55 (staying just prior to the G20 summit)
EWW
#LongCalls #LEAPS – Nice to see some of these over sales coming in…
Bought to Close EWW NOV 23 2018 45.0 Calls @ .04 (sold for .31)
NVDA
#ShortPuts #IRA – I’ve been waiting a long time to get a shot at this for some longer term covered calls. Going aggressive to hopefully get some stock. Staying small…just one contract here to go with the Dec 140 put sold quite awhile ago. Always great premium in this ticker for the call sales.
Sold NVDA DEC 21 2018 165.0 Put @ 12.25
Posted from row 27…LOL
EWW
#LongCalls #LEAPS – Late fill yesterday….
Bought to Close EWW NOV 16 2018 45.0 Calls @ .01 (sold for .41)
SOXL
#ShortPuts #IRA -This thing can go anywhere so taking risk off a day early….
Bought to Close SOXL NOV 16 2018 90.0 Put @ .20 (sold for 5.10)
BOIL UNG /NG
Crazy!
LABU RTN SMH TQQQ WTW
#LongCalls #LEAPS – A few adjustments to bring in a little more (hopefully safely)….
LABU:
Rolled LABU DEC 7 2018 65.0 Calls to DEC 7 2018 55.0 Calls @ .61 credit
RTN: Replacing this week’s expiration.
Sold RTN NOV 30 2018 187.5/197.5 Bear Call Spreads @ 1.08
SMH:
Bought to Close SMH NOV 16 2018 98.5 Calls @ .05 (sold for .49)
Sold SMH NOV 23 2018 97.0 Calls @ .60
TQQQ:
Rolled TQQQ NOV 30 2018 57.5 Calls to TQQQ NOV 30 2018 52.5 Calls @ .73 credit
WTW: Double selling with stops on previous sales.
Sold WTW NOV 30 2018 52.0 Calls @ .70
Whiz….just missed him
LMAO….Whiz was leaving Vegas today after the trader’s expo and flew out on the airplane I brought in. Wish I woulda known ahead of time. Could have given him a link to the Bistro! 🙂 🙂
BTW…he was in coach. What the heck is that all about??
23 BUCKLEY EDWAR AC2 V MIA 29B
24 BUCKLEY SUSAN AC2 V MIA 29A
EWW
#LongCalls #LEAPS – Triple selling these. Stops on previous two sales…
Sold EWW NOV 30 2018 43.5 Calls @ .38
BOIL
#BearCallSpreads – Selling these in the money. Worked great on the big spike a few years ago so trying again. Starting with just one…
Sold BOIL MAR 15 2019 50.0/60.0 Bear Call Spread @ 4.27
TNA
#ShortPuts #IRA – Replacing the ones closed earlier…
Sold TNA NOV 30 2018 60.0 Puts @ 2.25
TNA TQQQ SOXL
#CoveredCalls – From what I can tell so far I think all of these will make very good long term covered call candidates. Would love to own ’em all at a low basis for nice income generation. Compared to regular dividend stocks I think these can blow those returns away. More volatile but that’s great for the selling…
TNA
#ShortPuts #IRA – Closing these a little early hoping to re-load on any weakness…
Bought to Close TNA NOV 16 2018 55.0 Puts @ .25 (sold for 2.40 and 2.95)
XBI
#LongCalls #LEAPS – These only need 50 bucks a week so staying careful with spreads…
Sold XBI DEC 7 2018 84.0/89.0 Bear Call Spreads @ .61
SMH
#LongCalls #LEAPS – Got out of half of this week’s so I can get the next sale going on the bounce. Still sitting on my nickel for the rest…
Bought to Close SMH NOV 16 2018 100.0 Calls @ .04 (sold for .58)
Sold SMH NOV 23 2018 97.0 Calls @ .45
CAH
#ShortPuts #IRA – Nice rally right up to resistance so booking it…
Bought to Close CAH JAN 18 2019 45.0 Puts @ .25 (sold for 1.95)
UNG
TQQQ
#CoveredCalls – Selling another batch staying prior to the G20 summit. Whiz says if any good news comes out of there the rally is on…
Sold TQQQ NOV 30 2018 55.0 Calls @ 1.19
TQQQ
#CoveredCalls – Partial fill…
Bought to Close TQQQ NOV 16 2018 58.0 Calls @ .05 (sold for 1.62)
UVXY
#LongPuts #LEAPS #ShortCalls – Taking a little risk off and looking for new sales…
Bought to Close UVXY NOV 23 2018 75.0 Call @ .75 (sold for 2.55)
Bought to Close UVXY NOV 30 2018 80.0 Call @ 1.09 (sold for 6.32)
REGN
#BullPutSpreads – Selling against ITM put spreads. Closing it now since this thing could be up 30 tomorrow….you never know.
Bought to Close REGN NOV 9 2018 385.0 Call @ .05 (sold for 1.70)
ROKU Earnings
#Earnings #ShortStrangles – Out at even. Any little bounce tomorrow and it might have been a decent winner but I’ll run while I can and look to re-load. Still a great year in this ticker. 6-0-1 now 🙂 🙂
Bought to Close 1 ROKU NOV 9 2018 50.0/70.0 Strangle @2.47 (sold for 2.54)
ERX
#ShortPuts #IRA #RiskOff – Another one I’m not completely comfortable with. See ya!
Bought to Close ERX JAN 18 2019 25.0 Puts @ 1.65 (sold for 2.02)
CRM
#ShortPuts #IRA – Stealing @Iceman ‘s #RiskOff tag here. Getting a weak bounce but with resistance still overhead I’m gonna book it and free up the cash.
Bought to Close CRM NOV 16 2018 140.0 Put @ 1.68 (sold for 2.65)
WYNN
#LongCalls #LEAPS – I’m finding another advantage of going out in time as far as possible. There’s no need to get super aggressive with weekly sales. Still very easy to cover cost by selling about 30 days out leaving plenty of room for whipsaw. Here’s my WYNN example:
Bought to Close WYNN NOV 9 2018 115.0 Calls @ .05 (sold for 1.32)
This reduces the basis on the 130 strike LEAPS to 23.05
With 26 months to go that only requires .87 per month to cover the cost so:
Sold WYNN DEC 7 2018 115.0 Calls @ 1.13
Expected move on the Dec 7th expiration is about 12 dollars so even though selling below the LEAPS, it’s still outside the expected move and well above the .87 required.
TWLO
#Earnings – I’m out taking max loss of .74 on a one lot. Assigned short shares overnight that I covered in pre-market. Sold the long call side at the open. Loss was slightly more than .74 with exercise fee and commissions.
Closed TWLO NOV 9 2018 66.0/71.0/76.0 Iron Fly
ROKU Earnings
#Earnings – Stand back….this thing could be at 30 or 100 now that I’m in. After WTW and OLED I’m only doing a single strangle.
Sold 1 ROKU NOV 9 2018 50.0/70.0 Strangle @ 2.54
UVXY
#LongPuts #LEAPS #ShortCalls – Now that we’re easing back into contango I’m going to lower the number of short calls I have at risk at any given time so gradually closing those for nice profits. I’ll continue selling one (or two) every week at the top of my put ladder. Short 10 puts against one short call would give me protection for about 30-40 points of upside depending on the week of the call sale. I would welcome the opportunity to roll the short call and let the puts expire…
Bought to Close UVXY NOV 16 2018 70.0 Call @ .38 (sold for 3.40)
Sold UVXY NOV 16 2018 50.0 Call @ 3.00
Analyzing just the call sale against the short puts gives this. The downside is exaggerated here since I’ve unchecked the LEAP puts that I’m long.
TLT
#PerpetualRollingStrangles – Not seeing a huge bond rally so easing back into these. Hopefully these will take some heat. Stops set on the Nov 30th sale.
Sold TLT DEC 7 2018 115.0 Calls @ .41
OLED
#ShortCalls – Re-loading….
Bought to Close OLED NOV 9 2018 105.0 Calls @ .23 (sold for 1.15)
Sold OLED NOV 23 2018 108.0 Calls @ 1.00
UVXY
#LongPuts #LEAPS #ShortCalls – Bought to Close UVXY NOV 9 2018 62.0 Call @ .10 (sold for 2.72)
DUST
UVXY
REGN
#ShortCalls – Replacing this week’s…
Sold REGN NOV 30 2018 390.0 Call @ 2.50
TQQQ
#ShortPuts #IRA – First March position. 20.4% annualized…
Sold 1 TQQQ MAR 15 2019 35.0 Put @ 2.35
TWLO Earnings
#Earnings #IronFlies – Just for fun…need about half the expected move. Low probability but low risk.
Sold 1 TWLO NOV 9 2018 66.0/71.0/76.0 Iron Fly @ 4.26
TLT
#PerpetualRollingStrangles – Taking a little pre-election risk off since I had triple sold these.
Bought to Close TLT NOV 16 2018 117.0 Calls @ .06 (sold for .40)
Bought to Close TLT NOV 23 2018 117.0 Calls @ .09 (sold for .34)
WTW
#CoveredCalls #LongCalls #LEAPS – Not getting much of a bounce so converting the stock into a LEAPS position out to 2021. Rolling the stock loss into the basis of the LEAPS. Frees up a lot of cash and takes risk off.
Sold WTW Stock @ 48.46
Bought to Close WTW NOV 9 2018 51.0 Calls @ .55 (sold for 1.15)
Exited the position with the stock at a basis of 57.61 and added a couple extra LEAPS (300 stock vs 5 LEAPS now)
Bought to Open WTW JAN 15 2021 50.0 Calls @ 15.00
Sold WTW DEC 7 2018 55.0 Calls @ 1.00
Factoring in the stock loss the new LEAPS basis will be 20.50. I’ll sell the calls about every 30 days to give it some recovery room. Still only need about 75 cents every 30 days. Goal is to get out at even unless it really gets on a run.
UVXY
UVXY
#LongPuts #LEAPS #ShortCalls – Giving it some incentive to stay up as long as possible. These premiums are awesome…
Sold UVXY DEC 7 2018 70.0 Call @ 4.10
UNG
#LongPuts #LEAPS – I’ll take a shot with a half size starter. Longer term bearish mainly due to contango and global warming 🙂 . Going out to 2020 since option prices aren’t that much more to get an extra nine months. I’ll sell aggressively in the beginning and then hopefully be able to get out of the way later on. Planning on selling about every 30 days so still only need 23 cents in each sale.
Bought to Open UNG JAN 17 2020 28.0 Puts @ 3.55
Sold UNG NOV 30 2018 27.5 Puts @ .71
Bond prices and the election?
This article is a few months old but would you guys agree with this? Not being left or right politically just wondering if Dems controlling the house would be a catalyst for bonds to rise? I’ve got some TLT exposure in the event of a rally so debating about booking a big chunk of it Monday.
https://www.marketwatch.com/story/midterm-swing-to-democrats-could-lift-bonds-strategists-say-2018-08-23
BABA
#LongCalls #LEAPS – Got through earnings with close to the number I wanted. Booking a fairly quick one here so I can concentrate on moving away from individual stocks in these types of plays. Like the ETFs better for long term trading. Fifth time being in and out of BABA this year…
Sold to Close BABA JAN 15 2021 150.0 Calls
Bought to Close BABA NOV 2 2018 150.0 Calls
All said and done it’s a 2.24 winner in a big ‘ol 2 lot. 🙂
REGN
#ShortCalls – Early fill this morning. Earnings next week but not an earnings play here.
Bought to Close REGN NOV 2 2018 365.0 Call @ .05 (sold for 1.25)
Sold REGN NOV 9 2018 385.0 Call @ 1.70
WTW
#CoveredCalls – Was hoping to be out of this today but another implosion so I’ll be holding longer. Receiving another 100 shares today from the Jade Lizard at a basis of 59.80.
Basis in overall position is now 58.15 so more work to do….
Sold WTW NOV 9 2018 51.0 Calls @ 1.15
OLED
#BullPutSpreads #TradeRepair – Rolling my 123 puts out to an ITM put spread in Jan 2020. Already had a few there so this adds to it. It’s a 40 wide put spread. Selling a buck a week will cover the spread plus a little more. Maybe get lucky and the stock rallies next year too. Low margin and defined risk also helps.
Rolled OLED NOV 2 2018 123.0 Puts to JAN 17 2020 145.0/105.0 Bull Put Spreads @ 4.97 credit.
AAPL TEVA Earnings
#Earnings – Both max loss. A 3 lot and a 1 lot. Gave back a small portion of the STMP and BIDU winners.
Bought to Close 3 TEVA NOV 2 2018 18.5/20.0/21.5 Iron Flies @ 1.50 (sold for 1.17)
Bought to Close 1 AAPL NOV 2 2018 212.5/220.0/227.5 Iron Fly @ 7.45 (sold for 6.25)
OLED WTW
I’m out all morning but it looks like i know how to pick em. Gonna be a long slog of covered call writing on these two. Might be able to roll somewhere so I’ll check that when i get home.
Good luck!
AAPL Earnings
#Earnings #IronFlies -Throwing a little house money at this one. Risk 125 to make 625 selling an iron fly 7.50 wide on a 10 dollar expected move.
Sold AAPL NOV 2 2018 212.5/220.0/227.5 Iron Fly @ 6.25
Bistro activity….?
#OffTopic – Are we getting close to a record day for number of posts? Volatility sure adds to the volume here!
WTW Earnings
#Earnings – Skipping BABA but really want to do something. Since I’ve got WTW stock already (small position) with DITM covered calls I’m overlaying a Jade Lizard on top of that skewed to the downside.
Sold WTW NOV 2 2018 62.0/70.0/72.0 Jade Lizard @ 2.20
UVXY
#ShortCalls – Booking it because you just never know…
Bought to Close UVXY NOV 2 2018 70.0 Call @ .10 (sold for 2.35)
OLED
Not really an #Earnings trade. Had been selling calls against some DITM short put spreads. With the yuuge rally into earnings the calls are taking some heat. With all the premium available I’m busting up the calls into short strangles and skewed fairly bullish.
Rolled OLED NOV 2 2018 125.0 Calls to NOV 2 2018 123.0/138.0 Strangles @ .05 credit
WHIZ…
Says a retest is still coming. Nothing crazy but a technical pullback….
EWW
#LongCalls #LEAPS – Booking the over write for safety…
Bought to Close EWW NOV 9 2018 48.0 Calls @ .02 (sold for .37)
UVXY
STMP earnings
#Earnings – Since there’s other earnings trades coming up that I’d like to try I’m bailing on this one. Got well over half and shipping it on down the road since it’s really looking weak here.
Bought to Close STMP NOV 2 2018 175.0/215.0/220.0 Jade Lizard @ 2.00 (sold for 5.10)
AMAT
#LongCalls #LEAPS – Earnings date is finally confirmed. I’m glad they drug their feet on it since I left it unhedged while waiting. Now I know what a blind squirrel feels like!
🙂
STMP earnings
#Earnings #JadeLizard – Taking the upside risk off the lizard and still waiting on the put side. Covered calls on the put side at a 170 basis wouldn’t be the end of the world so watching it for now.
Bought to Close STMP NOV 2 2018 215.0/220.0 Bear Call Spread @ .10
Originally:
Sold 1 STMP NOV 2 2018 175.0/215.0/220.0 Jade Lizard @ 5.10
TLT
#PerpetualRollingStrangles – Triple selling the call side using the falling 20ma as a guide for resistance. Stops set on the previous sales.
Sold 12 TLT NOV 30 2018 116.0 Calls @ .38
TEVA earnings
#Earnings #ironFlies – Can’t help myself. Threw it out there and let it sit and finally got filled. Risk 33 to make 117. 1.50 wide on a 1.83 expected move.
Sold TEVA NOV 2 2018 18.5/20.0/21.5 Iron Flies @ 1.17
STMP earnings
#Earnings – Taking a shot with another #JadeLizard. No upside risk. Selling just outside the expected move on the downside and just inside the expected move on the upside. But….this thing could go anywhere. It’s had some crazy moves.
Sold 1 STMP NOV 2 2018 175.0/215.0/220.0 Jade Lizard @ 5.10
TQQQ
#LongCalls #LEAPS – I had over written these also so taking the loss here and reducing upside risk. I’ll take the loss out of my Nov 9th sale. Still ahead on premium and 60 strike out to 2021 looks pretty good.
Bought to Close TQQQ NOV 16 2018 55.0/60.0 Bear Call Spreads @ 1.75 (sold for .77)
RTN
#LongCalls #LEAPS – I had triple written these spreads so taking whipsaw risk off since it’s bouncing a little.
Bought to Close RTN NOV 2 2018 195.0/205.0 Bear Call Spreads @ .03 (sold for .60)
Bought to Close RTN NOV 9 2018 190.0/200.0 Bear Call Spreads @ .25 (sold for .50)
UVXY
BIDU earnings
#Earnings – Good enough…I’ll take it.
Bought to Close BIDU NOV 2 2018 167.5/190.0/192.5 Jade Lizard @ 1.12 (sold for 3.55)
XBI
#LongCalls #LEAPS – Last one today. Hauling a load of Vegas winners back to Miami today…LOL
Sold XBI NOV 16 2018 85.0/90.0 Bear Call Spreads @ .48
Stay green!
BIDU earnings
#Earnings – Selling a #JadeLizard based on Jeff’s data of average move on earnings. No upside risk and I’ll just manage the put on an implosion.
Sold 1 BIDU NOV 2 2018 167.5/190.0/192.5 Jade Lizard @ 3.55
UVXY
UVXY
#LongPuts #LEAPS – Giving this it’s own post since I’m so excited about the potential of this trade. Of course that worries me… 🙂 🙂 In two accounts now…
Added:
Bought to Open UVXY JAN 15 2021 50.0 Puts @ 27.00
Sold UVXY NOV 16 2018 52.0 Puts @ 1.40
This week’s put sales look safe so double selling for next week:
Sold UVXY NOV 9 2018 56.0 Puts @ 1.20
EWZ RTN TLT TQQQ
#LongCalls #LongPuts #LEAPS – Summary of a busy morning. Leaving before the close so getting done early.
EWZ: Trying to get my .36 loss back from the closed position yesterday. Stand alone trade out of spite…LOL
Sold EWZ NOV 16 2018 37.0/35.0 Bull Put Spreads @ .26
RTN: Bunch of call spreads nearly worthless so adding another. Just going for slightly more than required breakeven.
Sold RTN NOV 16 2018 185.0/195.0 Bear Call Spreads @ .32
TLT: Adding to the #PerpetualRollingStrangles position. Stop set on last batch.
Sold TLT NOV 23 2018 117.0 Calls @ .34
TQQQ:
Sold TQQQ NOV 16 2018 55.0/60.0 Bear Call Spreads @ .77 credit
WYNN earnings
#Earnings confirmed Nov 7th after the close…
DG
#LongCalls #LEAPS – Another long running position that was sort of a trade repair. When I rolled the LEAPS to 2021 I also cut the size in half figuring I’d have plenty of time to make up the difference. The stock has held up great and with a few weekly sales I’m able to make an adjustment and bring a ton of cash back into the account. Closing the LEAPS at breakeven and rolling the slightly ITM calls into strangles.
Sold to Close DG JAN 15 2021 110.0 Calls
Rolled DG NOV 2 2018 108.0 Calls to NOV 16 2018 107.0/113.0 Strangles @ .15 credit.
This was the plan all along with the reduction in size of the roll to 2021. If I could get the LEAPS to even then the size would be small enough I could strangle the weekly calls if needed.
Once the strangles go away (hopefully) the overall thing will be a small net winner. A lot of hassle but was a sizable loser at the beginning.
🙂 🙂
