#LongCalls #LEAPS – Boring but continuing to chip away at it…
Bought to Close AMAT NOV 2 2018 40.0 Calls @ .05 (sold for .53)
Sold AMAT NOV 2 2018 36.0 Calls @ .40
Sold AMAT NOV 16 2018 37.0 Calls @ .54
Author Archives: fuzzballl
TNA TQQQ
#LongCalls #LEAPS – This is probably as good a time as any to take starter positions in these. I think I can recover a good chunk of the cost selling down here while the chart recovers. Hopefully a grind around below resistance for a few weeks. LEAPS out to 2021 so these should be good in the long run.
Bought TNA JAN 15 2021 70.0 Calls @ 18.25
Sold TNA OCT 19 2018 70.0 Calls @ 1.68
Bought TQQQ JAN 15 2021 60.0 Calls @ 19.00
Sold TQQQ OCT 26 2018 60.0 Calls @ 1.70
OLED
#ShortCalls – Bought to Close OLED OCT 19 2018 130.0 Call @ .05 (sold for 2.05)
WTW
#CoveredCalls – Did pretty good overall in containing my whipsaw risk. Only problem is the big recovery in WTW. I got a little too aggressive yesterday selling the next batch of covered calls to help with downside protection. I sure didn’t see this kind of bounce coming.
Covering the overwriting now strictly for risk protection in the event rally mode continues next week…
Bought to Close WTW OCT 12 2018 68.0 Calls @ .25 (sold for 1.89)
Historical largest VIX spikes…
AMAT DG DUST OLED PYPL SMH TLT UVXY
#LongCalls #LongPuts #LEAPS #VXXGame – In and out all day but manged to squeeze in a few trades….
AMAT: Added last of the long LEAPS reducing basis.
Bought to Close AMAT OCT 26 2018 41.0 Calls @ .02 (sold for .43)
Bought AMAT JAN 17 2020 50.0 Calls @ 1.15
DG:
Bought to Close DG OCT 19 2018 112.0 Calls @ .05 (sold for .65)
Sold DG NOV 2 2018 108.0 Calls @ .85
DUST: Nice drop today. Luckily ratio’d at 2×7. Rolling the short puts down and out. Long puts working nicely.
Rolled DUST OCT 12 2018 37.0 Put to DUST NOV 16 2018 35.0 Put @ even
OLED:
Sold OLED OCT 26 2018 120.0 Call @ 1.20
PYPL:
Sold PYPL OCT 26 2018 82.0 Calls @ .94
SMH:
Bought to Close SMH OCT 26 2018 108.0 Calls @ .06 (sold for .95)
TLT: Getting out of the way a little with my triple size position. One winner one loser with a net winner.
Bought to Close TLT NOV 2 2018 118.0 Calls @ .15 (sold for .44) .29 gain
Bought to Close TLT NOV 9 2018 116.5 Calls @ .64(sold for .47) .17 loss
UVXY: Haven’t sold these naked very often since Aug 2015 🙂 Sometimes it’s too good to pass up.
Sold UVXY DEC 21 2018 95.0 Call @ 8.25
TNA
#ShortPuts – Same strike for better premium….
Sold TNA JAN 18 2019 60.0 Put @ 4.00
VIX hedge
#Hedge – I didn’t think this would pay until the election. It may do better but I’m booking it while it’s nice and green.
Sold 10 VIX Nov 11/13/17/21 double verticals @ .56 (bought for .10)
Actually left the long 11’s on for maybe a drop…
TNA
#ShortPuts #IRA – Adding one here…
Sold TNA JAN 18 2019 60.0 Put @ 3.05
WTW
#CoveredCalls – Continuing to sell these around my breakeven level….
Sold WTW OCT 26 2018 65.0 Calls @ 2.15
TLT
#PerpetualRollingStrangles – Adding another batch with stops on the others.
Sold TLT NOV 16 2018 117.0 Calls @ .40
PYPL
#LongCalls #LEAPS – Earnings next week. Would like a bounce of some sort to sell more there.
Bought to Close PYPL OCT 19 2018 92.0 Calls @ .05 (sold for .62)
REGN
#SyntheticStock – This is the last of my old positions that’s been stuck in limbo. It’s synthetic stock out to 2020 but weekly short calls have been buried DITM for weeks with no relief in site. The position needed a yuuuge move one way or the other and it hasn’t happened. It still could but I’m wasting time waiting. Doing an extreme repair trade here but also improving my cash position and allowing the weeklies to be sold again.
Closed the 400/400/390 synthetic taking an 11.15 loss
Closed the ITM short calls and rolled them….
Rolled them to a Jan 2021 ITM bull put spread for 4.85 debit.
So what now?
I can resume safely selling weekly calls against the position. The BuPS uses zero cash and just a small amount of margin but I’m also giving up any chance of huge profits (or losses!). Strictly a repair trade so as I sell weeklies and book them I plan on using that cash to gradually roll the wings of the BuPS in. At some point I hope to have it pretty narrow and be able to get out at a scratch.
Of course I still would like to see the stock go up but a drop isn’t the end of the world since it’s all defined risk.
I’ll calculate the final numbers tonight to see exactly where I stand but that’s the basic plan.
So:
Sold REGN OCT 19 2018 415.0 Calls @ 1.65
With 5 wide strikes on the bottom end of the BuPS I should be able to move those up one strike with each successful weekly sale.
XBI
#LongCalls #LEAPS – Adding another long scaling in to reduce basis…
Bought XBI JAN 17 2020 97.0 Call @ 7.40
First buy was at 11.25 and added a couple times since then. Along with weekly sales basis is already down to 8.23 in one month…
PYPL
#LongCalls #LEAPS – Closed and sold new…
Bought to Close PYPL OCT 12 2018 85.0 Calls @ .03 (sold for .51)
Sold PYPL OCT 19 2018 85.0 Calls @ .65
LABU
#LongCalls #LEAPS – Let’s see if she can bounce….selling at the expected move.
Sold LABU NOV 9 2018 90.0 Call @ 1.70
Sold LABU NOV 9 2018 90.0 Call @ 1.75
AMBA
#LongCalls #LEAPS – Plugging away…
Bought to Close AMBA OCT 12 2018 38.5 Calls @ .05 (sold for .60)
Sold AMBA NOV 2 2018 38.0 Calls @ .50
Basis now reduced from 7.45 to 3.38 on a 2020 LEAPS position…
TLT
#PerpetualRollingStrangles – Taking off a third of my triple size sales against the put side…
Bought to Close TLT OCT 26 2018 119.0 Calls @ .03 (sold for .40)
SOXL
#ShortPuts – Adding one Dec to go with Nov and Feb positions…
Sold SOXL Dec 21 2018 90.0 Put @ 4.10
PYPL
#LongCalls #LEAPS – Weekly hedges just about out of juice and earnings next week. I’d prefer a bounce before selling anything but just in case throwing on a 30 percent size sale for next week anyway. I’ll add a little more if we get a bounce into the announcement.
Sold PYPL OCT 19 2018 85.0 Calls @ .77
AZO EWZ GLD OLED SMH WYNN XBI
#LongCalls #LEAPS – Overall a crummy day but the volatility is making rolling easier. Booked a couple of winners as well. Keeping all new sales prior to any earnings…
AZO:
Rolled AZO OCT 19 2018 720.0 Call to NOV 2 2018 722.5 Call @ .20 credit
EWZ:
Rolled EWZ OCT 26 2018 35.0 Calls to NOV 9 2018 35.5 Calls @ .02 credit
GLD:
Adding with stops set on nearly worthless current weekly sales.
Sold GLD NOV 9 2018 115.0 Calls @ .58
OLED:
Adding…selling against longer tern bull put spreads.
Sold OLED OCT 26 2018 130.0 Call @ 1.30
SMH:
Bought to Close SMH OCT 12 2018 108.0 Calls @ .02 (sold for .85)
Sold SMH NOV 9 2018 106.0 Calls @ .97
WYNN:
Bought to Close WYNN OCT 12 2018 130.0 Calls @ .05 (sold for 1.48)
Sold WYNN OCT 19 2018 123.0 Calls @ 1.07
XBI:
Sold XBI NOV 9 2018 94.0 Calls @ 1.14
TQQQ
#ShortPuts #IRA – Adding to my ladder in Dec…
Sold TQQQ DEC 21 2018 55.0 Put @ 3.30
Sold TQQQ DEC 21 2018 50.0 Put @ 2.30
WTW
#CoveredCalls – Right down to the wire. Took the stock with a basis near 80 but aggressive weekly selling has kept the position at near even all the way down.
Bought to Close WTW OCT 5 2018 68.0 Calls @ .39 (sold for 3.23)
Sold WTW OCT 12 2018 68.0 Calls @ 1.89
That’s it for my week. Have a great weekend everyone!
PYPL
#LongCalls #LEAPS – Double selling the weeklies here also. Stops set on previous positions at 50-75 percent of max gain. Adding again prior to earnings and selling up in congestion.
Sold PYPL OCT 12 2018 85.0 Calls @ .51
TLT
#PerpetualRollingStrangles – On the last pop in TLT I bought a bunch of disaster puts to help out with the DITM short puts. I’m rolling them down a couple strikes to insure a double on the position but leaving the rest on for a free shot at more downside. Was tempted to close it all for a 5 bagger but prefer leaving some protection on.
Rolled 20 TLT NOV 16 2018 110.0 Puts to NOV 16 2018 108.0 Puts @ .33 credit (bought for .15)
UVXY
#BearCallSpreads – Added to yesterday’s starter…
Sold UVXY NOV 2 2018 45.0/55.0 Bear Call Spreads @ 1.92
TLT
#PerpetualRollingStrangles – Triple selling these against the DITM puts. Last two batches of short calls are very profitable with stops set so adding another.
Sold TLT NOV 9 2018 116.5 Calls @ .47
XBI
#LongCalls #LEAPS – And finally….adding, booking, and selling.
Bought XBI JAN 17 2020 97.0 Call @ 8.35 (adding)
Bought to Close XBI OCT 12 2018 97.0 Calls @ .05 (sold for 1.07)
Sold XBI NOV 2 2018 95.0 Calls @ 1.10 (half ratio)
LABU
#LongCalls #LEAPS – My biggest loser today. Got caught a little under ratio’d so need to get some more sales. Giving it plenty of room. I’ll be looking to add to the #LEAPS on another big down day.
Sold LABU NOV 2 2018 95.0 Calls @ 1.35
AMBA
#LongCalls #LEAPS – Same as AMAT. Current batch profitable so adding new above resistance. I’m banking on the volatility expansion also helping call premium and the overhead resistance to slow down any major rally.
Sold AMBA OCT 26 2018 39.5 Calls @ .55
AMAT
#LongCalls #LEAPS – Ratio’d and laddered.
Bought to Close AMAT OCT 19 2018 43.0 Calls @ .05 (sold for .41)
Another batch the following week are about 50 percent profitable so I can stop those out at even if it rallies. Selling another batch the week after. Should all be prior to earnings.
Sold AMAT NOV 2 2018 40.0 Calls @ .53
UVXY
#BearCallSpreads – Selling a few more…
Sold UVXY NOV 2 2018 45.0/55.0 Bear Call Spreads @ 1.22
What the heck?
I sell a couple little UVXY call spreads and go work for a few hours and the world comes to an end….oops! Just getting the computer turned on now.
WYNN
#LongCalls #LEAPS – Starter position out in 2021. Earnings still a few weeks away and leaving room to add. Always decent premium in this one.
Bought WYNN JAN 15 2021 130.0 Calls @ 26.85
Sold WYNN OCT 12 2018 130.0 Calls @ 1.48
UVXY
#BearCallSpreads – Take your best shot Mr. Market…
Sold UVXY OCT 19 2018 40.0/45.0 Bear Call Spreads @ .55
AAOI
#ShortPuts #LongPuts #ShortCalls – Yes I am still in this. Short DITM puts out in Jan 2020. In the meantime trading around it. On the last spike bought a double size batch of disaster puts where the overall position would actually make more if the stock went to zero. With the stock making a big beautiful double bottom today I’m taking some nice gains on the long puts.
Sold to Close 10 AAOI JAN 17 2020 22.5 Puts @ 5.35 (bought for 2.35)
Taking some of those profits and buying shorter term disaster puts to get through next earnings and a possible confirmation of today’s bounce. I’ll decide what to do with these after earnings. Hopefully the stock will bounce and I can close these new ones for the residual value and maybe reload on the next top.
Bought to Open 10 AAOI JAN 18 2019 20.0 Puts @ 1.35
Pocketing the 1.65 gain for now which equates to a 3.30 basis improvement on the DITM puts.
Whew!
EWZ
#LongCalls #LEAPS – These were stuck in non-ratio’d limbo for a long time but finally looking better. Rolling the LEAPS out to 2021 for a small debit. Well worth the extra year of selling against them.
Rolled EWZ JAN 17 2020 40.0 Calls to JAN 15 2021 40.0 Calls @ 1.55 debit
And:
Sold EWZ OCT 26 2018 40.0 Calls @ .63
TLT
#PerpetualRollingStrangles – Still plugging away on this one. Put side rolled out and down to 2020 and selling the weeklies against those. Been a nice solid performer considering it was an experiment started nearly 3 years ago…LOL
Bought to Close TLT OCT 5 2018 119.0 Calls @ .01 (sold for .43)
Sold TLT NOV 2 2018 118.0 Calls @ .44
DG
#LongCalls #LEAPS – Gonna be a long grind on this one out to 2021. Off to a good start. Triple selling these up near the all time highs. Staying in expirations prior to earnings.
Bought to Close DG OCT 12 2018 113.0 Calls @ .05 (sold for .60)
Sold DG OCT 26 2018 110.0 Calls @ .75
TBT 2x or 3x?
LABU
#LongCalls #LEAPS – Added one to the 2020 position averaging down…
Bought LABU JAN 17 2020 110.0 Call @ 13.70
LABU
#ShortPuts #IRA -Thanks @MikeL for the reminder. Currently in a Dec 45,50,60 ladder so adding a Jan.
Sold LABU JAN 18 2019 60.0 Put @ 3.40
AVGO TNA SJM
#ShortPuts #IRA – Closing a margin hog for nice gain and replacing with a couple others….a Feb type selloff would put TNA at about 67 so looking at that level.
Bought to Close AVGO JAN 18 2019 170.0 Put @ .41 (sold for 5.00)
Sold TNA DEC 21 2018 70.0 Put @ 2.35
Sold TNA JAN 18 2019 65.0 Put @ 2.30
A divvy play on SJM. Would love to get it down here…
Sold SJM JAN 18 2019 95.0 Put @ 2.39
AMAT AMBA DUST and scaling in
#LongCalls #LEAPS – Something I’ve started doing on these longer term positions is really working nicely. I’m setting the initial position after a pullback (or run up for short positions) and only starting with about a half position. This allows nice gains if my timing is perfect (ya right! LOL) but more importantly it allows a nice averaging down into the full position and drastically reducing the cost basis (in addition to the weekly selling).
Added another AMAT today:
Bought AMAT JAN 17 2020 50.0 Call @ 2.43
I’ve added 3 times now. Original half position at 7.70 and adds at 2.55, 2.55, and 2.43 reducing basis to 5.75 overall. Weekly sales have further reduced this to 4.12 with the position out to 2020. LEAPS are trading at 2.40 now so slightly underwater but not nearly as bad as it would be had I gone all in from the beginning.
AMBA is an even better example. Original position at 11.20 with adds at 11.00 twice to get to a half position. Added the other half after the implosion at 5.20 and 3.40.
New basis is 7.44 with weekly sales reducing that to 3.93. The LEAPS are trading at 4.65 so the position is actually profitable in spite of over a 30 percent selloff since starting the trade. What really helped was piling into my full position on the big earnings drop on Aug 31st. Actually caught the bottom there so a big help.
Same thing with the DUST short position. Started at 14.50 with adds at 14.20, 14.00, 13.49, and 12.50 getting to only an 80 percent position but the trade is nicely profitable already.
Options Expiration
#OptionsExpiration – Had a few this week…
AMBA 39 Calls (sold for .70)
EWZ 35 Calls (sold for .46)
LABU 98.5 Calls (sold for 2.10)
PYPL 88.5 Calls (sold for .75)
SMH 106.5 Calls (sold for .77)
XBI 97.5 Calls (sold for .80)
PYPL SMH
#LongCalls #LEAPS – Finally got part of the PYPL weeklies to expire and all of SMH with a nickel to spare…LOL Replacing SMH with a lower ratio and rolling the rest of PYPL.
Rolled PYPL SEP 28 2018 87.0 Calls to OCT 12 2018 88.5 Calls @ .20 credit
Sold SMH OCT 12 2018 108.0 Calls @ .85
LABU XBI
#LongCalls #LEAPS – Replacing some nice expirations this week….
LABU:
Sold LABU OCT 12 2018 99.0 Call @ 1.90
Sold LABU OCT 19 2018 100.0 Call @ 2.45
XBI:
Sold XBI OCT 12 2018 97.0 Calls @ 1.07
AMAT DG ERX EWW GLD OLED TLT WTW
#LongCalls #LEAPS -Been an extremely busy week away from the market so catching up here. I’ve got a few more tomorrow that I’ll need to watch also.
AMAT:
Sold AMAT OCT 26 2018 41.0 Calls @ .43
DG:
Rolled LEAPS out to 2021 and continuing to sell against.
Sold DG OCT 12 2018 113.0 Calls @ .60
Sold DG OCT 19 2018 112.0 Calls @ .65
ERX:
Closed position since it’s near resistance. Made .73 per contract on a little quickie.
EWW:
Rolled EWW SEP 28 2018 48.0 Calls to OCT 19 2018 48.5 Calls @ .14 debit (ratio’d)
GLD:
Sold GLD OCT 19 2018 113.5 Calls @ .52
OLED:
Bought to Close OLED SEP 28 2018 140.0 Call @ .05 (sold for 1.32)
TLT:
Still running a #PerpetualRollingStrangles on this one….
Sold TLT OCT 26 2018 119.0 Calls @ .40
WTW:
Still messing with a #CoveredCalls position…
Bought to Close WTW SEP 21 2018 70.0 Calls @ .23 (sold for 2.45)
Sold WTW OCT 5 2018 68.0 Calls @ 3.23
DUST
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)
Options Bistro 