#LongPuts #LEAPS – Selling against next week’s short puts…
Sold UVXY NOV 9 2018 62.0 Call @ 2.72
Author Archives: fuzzballl
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.
🙂 🙂
TNA
#ShortPuts #IRA – Adding one more…trying to get some stock for the longer term.
Sold TNA NOV 16 2018 55.0 Put @ 2.95
AMAT AMBA EWW EWZ LABU PYPL UVXY
#LongCalls #LongPuts #LEAPS – Was out most of the day but did get in just in time to get a few sales off. Morning would’ve been better but the volatility is helping premium across the board so still sold a little. Biggest change is closing a couple of the long term positions that were near breakeven (AMBA and EWZ) and moving some of that cash to UVXY and possibly adding to TNA and TQQQ.
AMAT: Waiting for earnings date confirmation before selling anymore.
Bought to Close AMAT NOV 2 2018 36.0 Calls @ .02 (sold for .38)
AMBA: Closed for small loss. Happy with it since stock moved against me from day one. Another 2020 position closed and looking to add to some 2021’s that are beaten down.
Bought to Close AMBA NOV 2 2018 38.0 Calls
Bought to Close AMBA NOV 9 2018 36.0 Calls
Sold to Close AMBA JAN 17 2020 50.0 Calls
Net loss of .21 on a 10 lot…
EWW: Overlapping sales since this week’s 48’s look safe.
Sold EWW NOV 16 2018 45.0 Calls @ .41
EWZ: Closing it on the bounce to free up cash to add to UVXY. Small loss but a successful long term repair trade.
Bought to Close EWZ NOV 9 2018 35.5 Calls (ratio’d)
Sold to Close EWZ JAN 15 2021 40.0 Calls
Net loss of .36 on a 10 lot…
LABU: Selling spreads very cautiously down here. Short next week’s 70/80 also.
Sold LABU NOV 16 2018 65.0/75.0 Bear Call Spreads @ .50
PYPL:
Bought to Close PYPL NOV 2 2018 89.0 Calls @ .05 (sold for .60)
Sold PYPL NOV 9 2018 86.0 Calls @ .54
UVXY: Added to the long LEAP puts and sold puts against them. Still short a few calls as well.
Bought to Open UVXY JAN 15 2021 50.0 Puts @ 26.75
Sold UVXY NOV 9 2018 56.0 Puts @ 1.25
WTW….trimming the fat (basis)
WTW Anatomy of a Trade
This is why I love option trading. Nothing is cut and dry and loss isn’t a loss until it’s realized. This was the path I took from an 80 basis to 58 in 3 months. All the calls were carefully sold at levels around the current basis to protect from losses in the event of a huge whipsaw (or buyout). 🙂 🙂
Aug 6: Jade Lizard blown out to the put side on the implosion
Aug 7: Immediately sold additional weekly calls at the open
Aug 8: Sold more weekly calls against the Lizard puts
Aug 9: Sold atm calls in anticipation of weekend put assignment
Aug 11: Assigned stock over the weekend
Aug 17: Sold fairly safe calls as an oversale against the stock
Aug 30: Rolled covered calls down and out staying atm
Sep 5: Sold calls slightly itm
Sep 21: Rolled calls again staying itm
Oct 5: Rolled calls again staying itm
Oct 10: Another atm call sale
Oct 26: Rolled calls down and ditm for max earnings protection
Still rolling along. Hoping for one more drop on earnings to around 58. That would complete a huge topping pattern. Bounce there or drop to 40 after that. We shall see. Thanks Sue for the nice comments down below. Coming from a seasoned trader it’s very encouraging!
WTW
#CoveredCalls – Sure didn’t think I’d still be in this since last earnings. Started out as a blown out strangle and the stock has lost 30 percent since last quarter. Through extremely aggressive call selling (double selling and selling in the money) I’ve managed to stay in the game. Started at around an 80 basis and currently sitting at 66.16.
Next week it’s earnings time again and I’m still being cautious. Selling in the money at a level that will give nice downside protection while still allowing the stock to get called away with a small profit.
Rolled WTW OCT 26 2018 65.0 Calls to NOV 2 2018 58.0 Calls @ 8.85 credit
New basis is now 57.31 covered at 58.0. Estimated move on earnings of about 10 dollars. I don’t quite have all that covered to the downside but got most of it. If the stock gets that low I may back off on the aggressive call selling and keep longer term for a turnaround.
UVXY
#LongPuts #LEAPS – Selling calls and puts against a long put LEAP position. Selling less calls and scattering them out for extra safety. Rolling this week’s and holding short 70 strike the next two weeks. Will continue pounding the weekly put sales as long as I can.
Rolled UVXY OCT 26 2018 60.0 Call to NOV 23 2018 75.0 Call @ .57 credit (2.57 total credit now)
REGN
#ShortCalls – Selling against Jan 2021 in the money put spreads to reduce basis. Replacing this week’s expiration.
Sold REGN NOV 2 2018 365.0 Call @ 1.25
AMZN
#Earnings – Doesn’t look like a big bounce is coming so closing the put side of the iron fly at less than max loss and saving the exercise fees. Big wide iron condor sold separately will cover the loss on the fly (maybe even a net small winner). Wild earnings week that was overall green but not sure if it was worth it…LOL
Bought to Close 1750/1720 BuPS @ 29.58 (saved .42)
TWLO
#ShortStrangles – Obviously not decaying as quickly as I’d hoped. Earnings in a couple weeks so I’ll look at it again there. Taking this one for a small winner…
Bought to Close TWLO NOV 2 2018 60.0/80.0 Strangles @ 1.49 (sold for 2.06)
BABA
#LongCalls #LEAPS – Earnings next week…
Bought to Close BABA OCT 26 2018 150.0 Calls @ .01 (sold for 2.20)
Sold BABA NOV 2 2018 150.0 Calls @ 2.02
EWZ
#LongCalls #LEAPS – Filled on this just in time this morning leaving a 4×10 ratio’d position. Whiz says EWZ is going up big…LOL!
Bought to Close EWZ OCT 26 2018 40.0 Calls @ .05 (sold for .63)
Whiz
100 percent sure it’s a dead cat today…heck if I know.
CELG-TNA GLD-TQQQ UAA-SOXL bringing dead money alive
#CoveredCalls #IRA – Fuzzy, what the heck are you talking about? Good question!
In an IRA I’ve been carrying positions in CELG, GLD, and UAA that seems like it’s been forever. They’re all underwater with very little call premium available to sell. With this pullback I’m selling the dogs and putting an equal amount of cash into some tickers that do have nice premium and that have been beat down pretty hard.
I won’t bore you with the details but I’m hoping these are long term positions that I can sell against for many months. Nothing fancy with weeklies…just doing the monthlies as more of a set it and forget it. I’ll roll the losses of the dead money stocks into the cost basis of the new positions and go from there. I feel I’ll make a lot more progress with these than sitting and waiting on the dogs to come back.
Here’s the covered call sales of the new positions:
Sold TNA NOV 16 2018 65.0 Calls @ 2.00
Sold TQQQ NOV 16 2018 58.0 Calls @ 1.60
Sold SOXL NOV 16 2018 100.0 Calls @ 5.10
UVXY
#LongPuts #IRA – Playing it in two different accounts. One more conservative since it’s an IRA that doesn’t allow naked call selling. Might sprinkle a few call spreads in but mostly just selling the puts. The other account allows naked call selling so I’ll be selling the puts more aggressively against those.
Sold UVXY NOV 16 2018 51.0 Puts @ 2.31
Sold UVXY NOV 2 2018 56.0 Puts @ 1.85
Hello Mr. UVXY…Didn’t recognize you. Have you lost weight?
#LongPuts #LEAPS – First of all let me apologize for the length. Feel free to skip it or skim it over the weekend or tell me I’m crazy…LOL
It’s been a crazy month so far but it has given us a great opportunity to observe the “new” UVXY and how it reacts during market turmoil. The timing has been great since it had it’s most recent split just two weeks before the craziness began. I don’t have any data to back this up but just going by feel and how it’s suppose to trade now it does seem that it’s moves haven’t been as violent as they were previously so the adjustment appears to be working. No guarantees of course. It could be trading at 150 before things calm down but it does seem unlikely.
After the spike of the summer of 2015 I have been almost exclusively shorting it by selling call spreads on spikes or splits. It’s worked but they are slow to profit since they are so far out in time and don’t decay quite as fast since they are sold closer to the money. It works but it requires the risk to be on the table for a long time tying up buying power.
With the “new and improved” UVXY I think there’s a better way. I am switching all of my short UVXY positions to the #LongPuts #LEAPS strategy. With UVXY being toned down a little we will still get the inevitable downward trend but possibly not quite as fast as before. This should allow more time to sell weekly positions against the long puts for basis reduction. With less violent spikes and slower decay the sales should be possible on both calls and puts.
With all that said, let’s look at some real world numbers. I’ll use my original position as an example.
When UVXY made it’s initial run into the 50’s I bought Jan 2021 50 strike puts. This was just 9 days ago and I paid 29.60 for them. Let’s round that to 30 for simplicity.
I feel it’s safe to assume that by Jan 2021 UVXY will be somewhere near a split adjusted price of 5 dollars. That’s a 45 dollar drop so with the 30 dollar purchase price of the puts there should be a 15 dollar gain there if nothing more is done but sit and wait.
Now let’s add the possibilities of some weekly sales. In 9 days I’ve already brought in 6 dollars of weekly sales using puts and calls. That will go straight to the bottom line of the 2021 position. Of course that type of premium won’t always be available. Some rolling will be required or sometimes the call sale risk will be too high during low volatility.
Let’s assume very conservatively that over the course of the trade an average of 50 cents per week per side can be brought in. That’s a dollar per week for 116 weeks. 116 dollars plus the 15 dollar gain on the put purchase could turn this into about a 130 dollar gain on each contract.
The beautiful thing about it is the only big chunk of buying power being used is the original cost of the long puts but a good part of that can be made up early in the trade before UVXY drops much. Premium available for weekly sales is pretty nice until UVXY falls into the low teens and it begins drying up.
I tried a strategy similar to this on the split before this most recent one. It turned out to be nicely profitable and I was only selling the put side against the position…and UVXY dropped so quickly I didn’t get too many of those sold. With a toned down product now I’m thinking this will work much better this time around. We’ll see!
So today I closed all of my pre-split call spreads at overall profits. This takes a lot of risk off the table and frees up buying power for the new UVXY strategy. I’m still holding a few post split spreads but looking to get out of those at close to even eventually.
Bought to Close UVXY2 DEC 21 2018 15.0/25.0 Bear Call Spreads @ .99 (sold for .84) loss
Bought to Close UVXY2 DEC 21 2018 20.0/30.0 Bear Call Spreads @ .55 (sold for .86) gain
Bought to Close UVXY2 DEC 21 2018 20.0/30.0 Bear Call Spreads @ .52 (sold for .85) gain
Bought to Close UVXY2 JAN 18 2019 12.0/17.0 Bear Call Spreads @ 1.10 (sold for 1.15) gain
Bought to Close UVXY2 JAN 18 2019 15.0/25.0 Bear Call Spreads @ 1.16 (sold for .99) loss
Bought to Close UVXY2 JAN 18 2019 20.0/30.0 Bear Call Spreads @ .65 (sold for .91) gain
TQQQ
#LongCalls #LEAPS – This is a pretty new position so I’ve been selling aggressively and non-ratio’d so that’s really helped to get off to a decent start. Letting the leash out a little on the next sale.
Bought to Close TQQQ OCT 26 2018 60.0 Calls @ .05 (sold for 1.82)
Sold TQQQ NOV 9 2018 57.5 Calls @ 1.05 (come and get those Mr. Market!)
NVDA TNA
#ShortPuts #IRA – Definitely want TNA for the long term. Not sure it’s going to stay low enough for any put exercises so going shorter term and more aggressively. With NVDA, I’d take a shot at over 50 percent off it’s high.
Sold TNA NOV 16 2018 55.0 Put @ 2.40 (a little early)
Sold NVDA DEC 21 2018 140.0 Put @ 2.56
UVXY
AZO DG
Two that I wouldn’t mind selling off a little….jeez 😦 Up strong on a lousy day.
TNA
#LongCalls #LEAPS – This is a pretty new position so I’ve been selling aggressively and non-ratio’d so that’s really helped to get off to a decent start. Letting the leash out a little on the next sale.
Bought to Close TNA OCT 26 2018 70.0 Calls @ .05 (sold for 1.97)
Sold TNA NOV 9 2018 67.0 Calls @ 1.10 (come and get those Mr. Market!)
RTN
#LongCalls #LEAPS – Earnings tomorrow so clearing the decks for a fresh sale.
Bought to Close RTN NOV 2 2018 202.5 Calls @ .15 (sold for .70 yesterday)
Going out an extra week:
Sold RTN NOV 2 2018 195.0/205.0 Bear Call Spreads @ .60
LABU
#LongCalls #LEAPS – Very conservative here…
Bought to Close LABU NOV 9 2018 90.0 Calls @ .08 (sold for 1.73)
Sold LABU NOV 9 2018 70.0/80.0 Bear Call Spreads @ .30
LABU OLED RTN SMH XBI UVXY
#LongCalls #LEAPS – Another day of LEAPS getting hit but weeklies doing their jobs. On the bright side after sitting down last night and looking at these types of trades with a fine tooth comb, a majority of the 2021 positions only require .05 to .15 per week to cover. It’s a long haul so just trying to avoid whipsaws now. Weekly safe spreads bringing in just 20 cents or so and letting them expire is the plan for the future until a recovery happens.
LABU: Added final long LEAP purchase to average down. Way underwater but still doable.
Bought to Open LABU JAN 15 2021 110.0 Call @ 8.00
OLED: Earnings next week so nice to get rid of these to sell again.
Bought to Close OLED OCT 26 2018 117.0 Call @ .05 (sold for 1.20)
Bought to Close OLED OCT 26 2018 120.0 Call @ .05 (sold for 1.20)
RTN: Earnings tomorrow. I’ll be selling something later today.
Bought to Close RTN OCT 26 2018 205.0 Calls @ .05 (sold for 2.05)
SMH: Double dip in this expiry…
Bought to Close SMH NOV 9 2018 106.0 Calls @ .05 (sold for .97)
Sold SMH NOV 9 2018 99.0 Calls @ .35
XBI:
Bought to Close XBI NOV 2 2018 89.0 Calls @ .05 (sold for .76)
UVXY:
Big post coming later on my big change in strateegery for trading this symbol. It changed so I am too. Hoping for more potential profit with less buying power used and less volatility within the position.
ILMN
#Earnings #IronFlies – With this market and a max loss of 325 possible I’m taking what I can get and moving on. Didn’t get as much as I was hoping out of this and BIIB but still decent winners for quickies.
Bought to Close ILMN OCT 26 2018 300.0/315.0/330.0 Iron Fly @ 10.00 (sold for 11.75)
T
#ShortPuts #IRA – It is giving a chance to get back in. Good divvy down here so selling at the money.
Sold T JAN 18 2019 31.0 Puts @ 1.30
WYNN
#LongCalls #LEAPS – This is a sale in the estimated earnings week but with WYNN you never know until the day of sometimes. Giving it a lot of room.
Sold WYNN NOV 9 2018 115.0 Calls @ 1.32
EWW GLD LABU OLED RTN SMH XBI
#LongCalls #LEAPS – A few buys a few sells and another 2021 roll on a beaten down name.
EWW:
Bought to Close EWW OCT 26 2018 48.5 Calls @ .02 (sold for .32)
Sold EWW NOV 9 2018 48.0 Calls @ .37
GLD: Ratio’d and rolling to give it some room…
Rolled GLD NOV 9 2018 115.0 Calls to DEC 21 2018 117.0 Calls @ .25 debit
LABU: Rolled LEAPS to 2021 and booked a weekly. No new sales yet.
Rolled LABU JAN 17 2020 110.0 Calls to JAN 15 2021 110.0 Calls @ 3.95 debit
Bought to Close LABU OCT 26 2018 70.0 Calls @ .05 (sold for 1.31)
OLED: Earnings sale leaving a lot of room to adjust prior to the announcement
Sold OLED NOV 2 2018 125.0 Calls @ 1.50
RTN: Selling half the week after earnings and waiting on the rest.
Sold RTN NOV 2 2018 202.5 Calls @ .70
SMH:
Bought to Close SMH OCT 26 2018 101.0 Calls @ .03 (sold for .65)
Sold SMH NOV 16 2018 100.0 Calls @ .58
XBI:
Bought to Close XBI NOV 9 2018 94.0 Calls @ .05 (sold for 1.14)
Sold XBI NOV 9 2018 87.0 Calls @ .65
ILMN
#Earnings #IronFlies – I can’t walk away from the table. Risking my /NQ overnight profit here for a bigger payoff. Selling an iron fly just inside the expected move. 15 wide on a 19.80 move. Risking 325 to make 1175…
Sold ILMN OCT 26 2018 300.0/315.0/330.0 Iron Fly @ 11.75
BIIB
#Earnings #ShortStrangles – Since there are other tickers I’d like to play on their earnings I’m booking this one since it’s a bit pricey. Goal was to get half of max but volatility expansion today isn’t allowing it. Stock is behaving nicely but strictly out of risk management I’m shipping it on down the road.
Bought to Close BIIB OCT 26 2018 295.0/345.0 Strangle @ 3.13 (sod for 5.20)
Any green?
My watchlist is a sea of red but there are surprisingly some regular stocks (not volatility) that are green…
AMBA
BIIB
CMG
PM
RTN
T
TSLA
WHR
TNA
#ShortPuts #IRA – Getting down into levels where I definitely wouldn’t mind owning some. Adding to the ladder…
Sold TNA DEC 21 2018 50.0 Put @ 2.50
TQQQ
#ShortPuts #IRA – Sold TQQQ Jan 18 2019 40.0 Put @ 2.50
/NQ scalp…
#Futures – Got excited and had to share. Took 19 points out of the NQ futures in my first live money try using the Theo Trade strategy. Just played the tiny bounce off 7100…
BIIB
#Earnings #ShortStrangles – Just going with one in case I have to manage it for awhile. Based on Jeff’s data (BTW…which I love what he’s doing with those posts…thank you!!) selling near the max move.
Sold BIIB OCT 26 2018 295.0/345.0 Strangle @ 5.20
XBI
#LongCalls #LEAPS – With biotech in the dumpster any 2020 positions I don’t mind keeping are in a perfect position to roll to 2021 for minimal cost.
Rolled XBI JAN 17 2020 97.0 Calls to JAN 15 2021 97.0 Calls @ 3.70 debit
UVXY
#LongPuts #LEAPS #ShortCalls – Setting up for next week. Selling weekly strangles against my long LEAP puts. Less calls than puts for safety.
Sold UVXY NOV 2 2018 70.0 Call @ 2.35
AMBA
#LongCalls #LEAPS – Nice start to the week…
Bought to Close AMBA OCT 26 2018 39.5 Calls @ .05 (sold for .55)
Sold AMBA NOV 9 2018 36.0 Calls @ .62
UVXY
#LongPuts #LEAPS #ShortCalls – Selling the crap out of this before it eventually implodes. Selling weekly strangles against my long LEAP puts.
Bought to Close UVXY OCT 19 2018 50.0 Puts @ .05 (sold for 2.35)
Sold UVXY OCT 26 2018 51.0 Puts @ 2.10
LABU OLED XBI
#LongCalls #LEAPS #BullPutSpreads – Weeklies against various positions. Missed this morning where these could’ve all done better but taking what I can get.
LABU:
Bought to Close LABU NOV 2 2018 95.0 Calls @ .05 (sold for 1.35)
Sold LABU OCT 26 2018 70.0 Calls @ 1.31
OLED:
Bought to Close OLED OCT 26 2018 130.0 Call @ .10 (sold for 1.30)
Sold OLED OCT 26 2018 117.0 Call @ 1.20
XBI:
Bought to Close XBI NOV 2 2018 95.0 Calls @ .05 (sold for 1.10)
Sold XBI NOV 2 2018 89.0 Calls @ .76
REGN
#ShortCalls #BullPutSpreads – Selling against ITM put spreads. Closing it now since this thing could be up 30 tomorrow….you never know.
Bought REGN OCT 19 2018 415.0 Calls @ .12 (sold for 1.65)
Sold REGN OCT 26 2018 415.0 Call @ 1.40
TNA
#LongCalls #LEAPS – I’ll be out all day tomorrow so have to take care of some of this earlier than I wanted to. But….this was still a fat finger trade on the buy. 😦 😦
Bought to Close TNA OCT 19 2018 70.0 Calls @ .63 (sold for 1.68)
Sold TNA OCT 26 2018 70.0 Calls @ 1.97
ADS
#Shortputs #IRA – Another one bouncing nicely after earnings. Got a decent fill so booking it. Plenty of cash freed up now for other opportunities…
Bought to Close ADS JAN 18 2019 180.0 Put @ 1.90 (sold for 5.30)
T
#ShortPuts #IRA – This is one I’ve been debating about. Since last two earnings haven’t gone all that great I’ve decided to book it since it’s a slightly larger position than I normally do. Maybe they can disappoint again and I can re-sell.
Bought to Close T JAN 18 2019 30.0 Put @ .53 (sold for 1.59)
PM
#ShortPuts #IRA – Nice earnings bounce running up to resistance. Gotta book it and see who the next earnings implosion will be.
Bought to Close PM DEC 21 2018 75.0 Put @ .46 (sold for 2.60)
Bought to Close PM JAN 18 2019 75.0 Put @ .72 (sold for 2.87)
WYNN
#LongCalls #LEAPS – I’ll wait for a confirmation of the earnings date before the next sale…
Bought to Close WYNN OCT 19 2018 123.0 Calls @ .05 (sold for 1.07)
TNA
#ShortPuts #IRA – Adding to a Jan ladder….
Sold TNA JAN 18 2019 55.0 Put @ 2.50
UVXY
#LongPuts #LEAPS – Selling shorter term calls against shorter term puts which were sold against long LEAP puts….whew! Since I’d like to see UVXY hold it’s head up as long as possible (is a year too much to ask? 🙂 ) I’ll be selling against recent highs.
Sold UVXY OCT 26 2018 60.0 Call @ 2.00
Sold UVXY NOV 16 2018 70.0 Call @ 3.40
EWZ TUR
#ShortPuts #IRA – Nice run for both of these off their lows so freeing up some ammo and booking most of the gains early.
Bought to Close EWZ JAN 18 2019 28.0 Put @ .16 (sold for 1.87)
Bought to Close EWZ JAN 18 2019 29.0 Put @ .21 (sold for 2.24)
Bought to Close EWZ JAN 18 2019 30.0 Put @ .31 (sold for 2.10)
Bought to Close EWZ JAN 18 2019 35.0 Put @ 1.04 (sold in the money for 4.46)
Bought to Close TUR FEB 15 2019 16.0 Puts @ .20 (sold for 1.21)
UVXY
#ShortCalls – If I can get that much of it in less than a week I’ll take it…
Bought to Close UVXY DEC 21 2018 95.0 Call @ 3.19 (sold for 8.25 last Thursday)
BABA
#LongCalls #LEAPS – Going back in for the 5th time. Been good to me so far. With earnings approaching I may be able to cover nearly 20 percent of the cost in the first two weeks. 40 percent starter size. Same as always…non ratio to start out and will roll at zero deltas. Zero deltas a second time I’ll be looking to book the quickie.
Bought BABA JAN 15 2021 150.0 Calls @ 33.25
Sold BABA OCT 26 2018 150.0 Calls @ 2.20
AMAT
#LongCalls #LEAPS – I sold this one but forgot about possible earnings. This company is pretty reliable with their dates so taking this one off and will re-sell after they announce the date.
Bought to Close AMAT NOV 16 2018 37.0 Calls @ .55 (sold for .54)
PYPL
#LongCalls #LEAPS – This one was sold in earnings week. The big drop is letting me out so taking it off with partial profit. I’ll look to possibly sell again prior to the announcement.
Bought to Close PYPL OCT 19 2018 85.0 Calls @ .32 (sold for .72)
TWLO
#ShortStrangles – Dropping slightly with news of some buyout. Taking a shot at a little strangle in the week prior to earnings.
Sold TWLO NOV 2 2018 60.0/80.0 Strangles @ 2.06
UVXY
REGN
#ShortCalls – One small sale against some put spreads. Looking to add one more on a bounce and staying just prior to earnings. Other than that, a slow day.
Sold REGN NOV 2 2018 410.0 Call @ 2.50
EWZ TNA
#ShortPuts #IRA – Booking 40 percent of an EWZ position to make room for an aggressive TNA position.
Bought to Close EWZ DEC 21 2018 30.0 Puts @ .34 (sold for 2.02)
Sold TNA DEC 21 2018 70.0 Put @ 8.40
SMH
#LongCalls #LEAPS – Sold SMH OCT 26 2018 101.0 Calls @ .65
Options Bistro 