#LongCalls #LEAPS – Now that I’m out of XOM and established in ERX I’m getting rid of some more “single stock” risk. This thing has risen enough now to put me into negative deltas so booking some gains and moving on. Also, this makes room for some possible earnings plays in ROKU and NVDA this week.
Sold to Close SLB JAN 18 2019 67.5 Calls
Bought to Close SLB MAY 18 2018 69.0 Calls
Lots of nice weekly premium sales and when all said and done made .63 per contract.
#LongCalls #LEAPS – This thing is all the way out to 2020 so no need to get too greedy this early. I’m giving it some room until we see what the Donald does this Saturday with the Iran nuke agreement. Can always roll it back in and down…
https://www.reuters.com/article/us-global-oil/oil-surges-to-fresh-highs-on-growing-supply-worries-idUSKBN1I801Z
Rolled ERX MAY 11 2018 37.5 Calls to MAY 25 2018 39.0 Calls @ .15 credit
#LongCalls #LEAPS – Trying to squeeze out another double dip…
Bought to Close EWW MAY 18 2018 52.0 Calls @ .05 (sold for .35)
Sold EWW MAY 18 2018 49.5 Calls @ .36
#LongPuts #LongCalls #LongLEAPStraddles – Pounding the put side while waiting for a pullback…
Bought to Close FB MAY 4 2018 172.5 Puts @ .05 (sold for 4.06)
Sold FB MAY 11 2018 177.5 Puts @ 2.70
#LongCalls #LEAPS – Intended to be longer term but can’t give it back when it happens so fast. Only in it a week.
Sold to Close BABA JAN 17 2020 180.0 Calls
Bought to Close BABA MAY 18 2018 190.0 Calls
And had some way OTM long puts for fun….took a penny loss on those.
Sold BABA JAN 17 2020 50.0 Puts @ .29
All said and done it’s a 5.20 gain per contract. I’ll be back in on the next pullback!
#BearCallSpreads – Doing a little house cleaning for the announcement next week that we’re pulling out of the Iran nuke aggreement (maybe)…
Bought to Close UVXY May 18 2018 Bear Call Spreads @ .06 (sold for .65 and .95 in 2 accounts)
#LongCalls #LEAPS – This should do it for me today…
Bought to Close CELG MAY 4 2018 89.5 Calls @ .03 (sold for .65)
Sold CELG MAY 11 2018 89.0/94.0 Bear Call Spreads @ .56
#LongCalls #LEAPS – Strong recovery…I may look to book this one as a quickie if the rally continues next week enough to get me to short deltas.
Rolled BABA MAY 4 2018 185.0 Calls to MAY 18 2018 190.0 Calls @ .24 credit
#ShortStrangles – With ROKU and NVDA earnings coming up that I’d like to play I’m playing it safe and booking this one just for safety. It may pull back or it may break to the upside…I have no idea.
Bought to Close WYNN MAY 18 2018 180.0/197.5 Strangles @ 2.99 ( sold for 4.76)
#LongCalls #LEAPS – Didn’t quite get low enough today…
Rolled to next week 67.5 to 68.5 @ .02 credit
#LongCalls #LEAPS – All had aggressive sales for next week. With the rally today I rolled all of them out and up to May 18 for small debits. Brought in great premium so no problem giving a little back.
SMH 98.5 to 99.5 @ .05 debit
TNA 69.5 to 71.0 @ .31 debit
XLY 102.5 to 103.5 @ .28 debit
#LongCalls #LEAPS #tastyworks – In a small account to get used to the platform. BTW…liking it more all the time.
Sold FAS MAY 18 2018 64.0 Calls @ 1.00
And my aggressive roll down into earnings didn’t quite work so giving a small part of the credit back…
Rolled FB May 4th 165.0 calls to Jun 1st 167.5 calls @ .27 debit
#Earnings – Wish they were all like this…in the position for a grand total of 1 minute and 45 seconds of “open market” time. LOL!
Bought STMP MAY 4 2018 200.0/260.0 Strangle @ .10 (sold for 5.41)
#LongCalls #LEAPS – Just noticed a fill in my little Tastyworks account…hopefully a little pop in the morning to sell next week.
Bought to Close FAS MAY 4 2018 67.0 Calls @ .05 (sold for 2.55)
#Earnings – Tough fill…
Sold STMP MAY 4 2018 200.0/260.0 Strangle @ 5.41
#LongCalls #LEAPS – LMAO…a fat finger finally helped me. Was so busy this morning when I sold next week’s weeklies I just noticed I only sold 1 instead of 10. Stock up nicely now so adding the rest. Makes up for some of my fat finger losers! 🙂 🙂
Half strike higher and 13 cents more…
Sold PYPL MAY 11 2018 74.5 Calls @ .81
#BearPutSpreads – To make room for a FAS position in this account something has to go. Tired of looking at these so booking them. Been gradually reducing basis for awhile now so decent gains.
Sold VXX JAN 18 2019 50.0/30.0 Bear Put Spreads @ 12.80 (bought for 10.10)
Sold VXX JAN 18 2019 45.0/35.0 Bear Put Spreads @ 6.47 (bought for 6.01)
Using VXX buying power to start a half position in FAS in this account….
Bought FAS JAN 17 2020 62.0 Calls @ 14.25
Sold FAS MAY 11 2018 63.5 Calls @ .85
#SyntheticStock – This was a fun one. The aggressive roll down for the double dip #Earnings play worked great. Paying the 20 cents to get out so I can sell again while there’s still a little juice next week.
Bought to Close REGN MAY 4 2018 310.0 Calls @ .20 (sold for 5.60)
Sold REGN MAY 11 2018 300.0 Calls @ 3.40
#SyntheticStock – An old “earnings gone bad” repair trade that might actually turn into a nice winner…needs 99 cents per week. Earnings tonight so making an aggressive roll down. See if I can bring this thing back to life…
Rolled OLED MAY 4 2018 105.0 Calls to MAY 4 2018 96.0 Calls @ 1.95 credit (3.50 total now)
#LongCalls #LEAPS – Most new positions I have on are 2020’s. Maybe a good time to start getting the shopping list together for some more 2020s.
FAS is the one I’ll be really looking to add a 2020. Also watching XBI, XLY, and EWZ.
#ShortStrangles #LongCalls #LEAPS – This is a repair trade and some short strangles that’s turning into a longer term position with the decent premium. Earnings not for another 3 weeks…
Bought to Close ADSK MAY 4 2018 129.0 Calls @ .05 (sold for 1.85)
Sold ADSK MAY 11 2018 128.0 Calls @ 1.00
#LongCalls #LEAPS – Same as SMH here…selling at the overhead 200ma. Let’s see if it holds…
Bought to Close FAS MAY 4 2018 65.0 Calls @ .05 (sold for 2.75)
Sold FAS MAY 11 2018 63.0 Calls @ .81
#LongCalls #LEAPS – Selling next week at the overhead 200ma resistance…
Bought to Close SMH MAY 4 2018 100.0 Calls @ .05 (sold for .71)
Sold SMH MAY 11 2018 98.5 Calls @ .84
#LongCalls #LEAPS – Earnings in the morning so going for the double dip. Selling at the expected move.
Bought to Close CELG MAY 4 2018 100.0 Calls @ .02 (sold for .65)
Sold CELG MAY 4 2018 89.5 Calls @ .55
#LongCalls #LEAPS – Selling new batch at the descending 20ma…
Bought to Close LUV MAY 4 2018 54.0 Calls @ .05 (sold for .40)
Sold LUV MAY 18 2018 53.5 Calls @ .60
#LongCalls #LEAPS – Didn’t get a chance to sell these yesterday. Small bounce in the first few minuts allowed a sale next week…
Sold PYPL MAY 11 2018 74.0 Calls @ .68
#Earnings – Not even gonna mess with it. Take a small profit and move on…
Bought to Close SQ MAY 4 2018 48.0/55.0 Strangles @ 1.02 (sold for 1.53 net with disaster puts buy)
#LongCalls #LEAPS – Filled 10 seconds before the close. No time for the triple dip but the double dip paid off. Second batch this week…
Bought to Close PYPL MAY 4 2018 75.0 Calls @ .05 (sold for .50)
#Earnings #ShortStrangles – A little early…stock has pulled back a little. Bought some cheapie puts at twice the expected move just in case something crazy happens. Also, this is half size in case I need to convert it to a LEAPS position eventually.
Sold SQ MAY 4 2018 48.0/55.0 Strangles @ 1.57
Bought SQ MAY 4 2018 38.0 Puts @ .04
#ShortStrangles – This thing started out in trouble almost from the beginning. Rolled calls down a couple times and ended up with a straddle. A little bounce back gets me out with good profit. Closing this to make room for SQ earnings. If that works out then I’ll get another shot at ROKU next week with their earnings.
Bought to Close ROKU MAY 4 2018 34.0 Straddles @ 1.23 (sold for 2.20)
#LongCalls #LEAPS – A little more theta and a little more pullback allowed me to get out of my XOM snoozer.
Sold to Close XOM JAN 17 2020 75.0 Calls @ 7.47
Bought to Close XOM MAY 4 2018 75.5 Calls @ 1.36
All said and done including weekly sales made a whopping .16 per contract after commissions. I’ll take it!
Now…staying in energy but moving on to something with a little more premium.
Bought ERX JAN 17 2020 36.0 Calls @ 10.49 (89 weeks needs 12 cents per week)
Sold ERX MAY 11 2018 37.5 Calls @ .50
#Earnings tomorrow before the open. Not really an earnings play but taking advantage of the high IV to double dip. Rolling to just inside the expected move trying to force a turnaround. This particular position is really taking a long term outlook since I went synthetic at 400. Updated all of my #LEAPS and #SyntheticStock positions last night. This one is out to 2020 and still only requires 74 cents per week…
Rolled REGN MAY 4 2018 345.0 Calls to MAY 4 2018 310.0 Calls @ 3.20 credit (5.60 total credit now)
#LongCalls #LEAPS – In an #IRA so have to close before I can sell the following week. Paying a couple extra pennies to get next week going sooner.
Bought to Close TNA MAY 4 2018 72.0 Calls @ .08 (sold for 1.23)
Sold TNA MAY 11 2018 69.5 Calls @ 1.05
#PerpetualRollingStrangles – This week’s 120s look safe so going out a couple weeks for the next sale…
Sold TLT MAY 18 2018 119.5 Calls @ .52
#LongCalls #LEAPS – Added one to my existing position…
Bought TQQQ JAN 17 2020 150.0 Call @ 38.00
Sold TQQQ MAY 4 2018 147.0 Call @ 1.70
#ShortStrangles – Rolling the put side up to the 50ma…
Rolled WYNN MAY 18 2018 172.5 Puts to MAY 18 2018 180.0 Puts @ 1.12 credit
Position is now May 18th 180.0/197.5 Strangles @ 4.76
#LongCalls #LEAPS #DisasterPuts – Been throwing around this idea for awhile. Taking a shot as an experiment. Instead of buying expensive put protection I’m buying some cheap ones but at twice the size. If this thing implodes I’ll take profits and buy more LEAP calls. If it doesn’t implode I won’t even notice the cost of these in a few weeks of weekly call sales.
Bought to Open TQQQ JAN 18 2019 32.5 Puts @ .80
Using 2019 since there weren’t any cheap ones in 2020. I’ll look at those if they add lower strikes…
#LongCalls #LEAPS – Going back in here….had pretty good luck last time. Earnings on Friday before the open so I’d like to capture as much of that premium as possible. After earnings I’ll decide whether to keep it long term or not. Might make a few bucks on an earnings pop and get out. I like the ticker either way…
Bought to Open BABA JAN 17 2020 180.0 Calls @ 34.50
Max loss 34.50 with 90 weeks to run. Need 38 cents per week to cover. That seems reasonable…
So:
Sold BABA MAY 4 2018 185.0 Calls @ 1.81
I may adjust those a little depending on where the stock is Thursday afternoon.
#CoveredCalls – Sold UAA DEC 21 2018 25.0 Calls @ .74
#LongPuts #LongCalls #LongLEAPStraddles – Rolling the put side up for additional credit this week….
Rolled FB MAY 4 2018 162.5 Puts to MAY 4 2018 172.5 Puts @ 1.06 credit (4.06 total on these already)
#LongCalls #LEAPS – A little early but needed a sale this week…
Sold PYPL MAY 4 2018 75.0 Calls @ .50
#LongCalls #LEAPS – Out all day Thursday and Friday but did get a few trades in.
========================
FB:
Had to roll my aggressive FB sales. Using some of the 7.11 premium received so far to finance the roll.
Rolled FB Apr 27 2018 160.0 Calls to May 25 2018 162.5 Calls @ .60 debit
========================
PYPL:
The roll down and in worked. Out a week earlier with additional credit. Didn’t get a fill on next week’s sale yet.
Bought to Close PYPL Apr 27 2018 76.0 Calls @ .01 (sold for 1.58)
========================
LUV:
Going for the double dip week similar to my SMH position.
Bought to Close LUV May 4 2018 57.0 Calls @ .05 (sold for .60)
Sold LUV May 4 2018 54.0 Calls @ .40
========================
TQQQ:
Rolling…
Rolled TQQQ Apr 27 2018 144.0 Calls to May 04 2018 147.0 Calls @ 2.12 credit (3.37 total on this batch now)
========================
#ShortStrangles – Whiz just put on a May monthly 172.5/170.0 BuPS. He’s been on a roll so I’m using his short strike for my put side and selling calls up above the clutter.
Sold WYNN MAY 18 2018 172.5/197.5 Strangles @ 3.64
#LongCalls #LEAPS – I can’t help myself. Been wanting in this one for awhile. I did hold back and only do a half position just in case. Going out to 2020…
Bought TNA JAN 17 2020 70.0 Calls @ 17.22
90 weeks to run so needing 19 cents per week to cover. That shouldn’t be too much of a problem.
So:
Sold TNA MAY 4 2018 72.0 Calls @ 1.23
#LongCalls #LEAPS – With the weakness in the stock and the additional volatility pumped into these for earnings tonight I’m rolling my short calls back in and down. Guessing there won’t be any crazy up moves. This would get me out a week early and allow a re-sale of next week.
Rolled PYPL MAY 4 2018 78.5 Calls to PYPL APR 27 2018 76.0 Calls @ .58 credit.
I didn’t get in but you gotta love that inventory report that just came out!
#LongCalls #LEAPS – 200ma might be resistance now. Let’s find out…rolling short calls down to just above it.
Bought to Close SMH MAY 4 2018 104.0 Calls @ .16 (sold for 1.33)
Sold SMH MAY 4 2018 100.0 Calls @ .71
#LongPuts #LongCalls #LongLEAPStraddles – This is also a little bit of an #Earnings trade to. Seems like all news is bad news right now so making FB come and get me on the long side. Rolling down my short calls that are sold against Jan 2019 160.0 long calls.
Rolled FB APR 27 2018 167.5 Calls to APR 27 2018 160.0 Calls @ 2.67 credit.
Total premium in the call now is up to 7.11. The LEAP only cost 18.50 so recovered 38 percent of the cost in 2 weeks with all this volatility. Still 38 weeks to run. Playing the put side simultaneously also…
#Earnings #ShortStrangles – Don’t trust this market so took this off right at the open.
Bought to Close WYNN APR 27 2018 182.5/205.0 Strangles @ 1.89 (sold for 3.20)
#Earnings #ShortStrangles – Haven’t been in this one in awhile….
Sold WYNN APR 27 2018 182.5/205.0 Strangles @ 3.20
#ShortPuts #IRA – This one was pretty stress free on the last dip. Going in again here…
Sold URI JAN 18 2019 110.0 Put @ 3.50
Sold URI JAN 18 2019 100.0 Put @ 2.30
#LongCalls #LEAPS – Forgot I had this order in. When it filled I started looking at booking the nice gain on my short 250 LEAP. Did all that and selling another this week going for the double dip. Will roll the LEAP trade into my long LEAP basis and look to sell it again on the next rally.
Bought to Close TQQQ APR 27 2018 155.0 Calls @ .20 (sold for 3.20)
Sold TQQQ APR 27 2018 144.0 Calls @ 1.25
And the LEAP:
Bought to Close TQQQ JAN 17 2020 250.0 Calls @ 10.80 (sold for 16.10)
#SyntheticStock – An old “earnings gone bad” repair trade that might actually turn into a nice winner…needs 99 cents per week. This week’s 100s look pretty safe so selling next week now. Earnings on May 3rd so keeping it well out of the money for now. I may adjust this prior to the announcement.
Sold OLED MAY 4 2018 105.0 Calls @ 1.55
#SyntheticStock – I’ve covered the initial debit but not the max loss on this one. Converting to straight long calls which reduces the amount of max loss that’s needed to be recovered by 65 cents. With this thing winding down in July every little bit helps. Got a chance to be profitable in spite of the stock being nearly 16 dollars below the core synthetic.
Bought to Close CELG JUL 20 2018 105.0/100.0 Bull Put Spreads @ 4.35
#LongCalls #LEAPS #SyntheticStock -I posted on this subject down below in response to a question and felt it was worth throwing out there again up here at the top. Like to run it by you guys and gals to see if I’m missing anything.
After looking closely over the weekend at my synthetic conversions to just straight long calls or long puts, I’m still happy with those. What I’m having a change of heart on is the selling of the upside of the LEAPS. After looking at the loss of long deltas in the conversion (closing the BuPS to leave just long calls) it just looks like the extra sale against the upside LEAP position gets the entire position way to short. I think there’s plenty to be made with just the basic weekly sales without adding the risk of turning it into a loser on a big rally.
I’m leaving TQQQ as is but closing the others that I had sold that were quite a bit tighter. Just not worth the risk….
Bought to Close DG JAN 18 2019 115.0 Calls @ 2.75 (sold for 2.75)
Bought to Close PYPL JAN 18 2019 100.0 Calls @ 2.08 (sold for 1.93) I’ll take that small loss out of the last weekly sale…
#CoveredCalls #IRA – Assigned some shares at a 95.65 basis. Looking to unload them for any profit.
Sold CELG MAY 18 2018 95.0 Calls @ 1.42
#ShortPuts #IRA – Taking a little off the table…
Bought to Close TQQQ MAY 18 2018 80.0 Put @ .12 (sold for 2.00)
#SyntheticStock – Converting this one over to Jan 2019 Bull Call Spreads similar to how I did NUGT…closing the short put side of the synthetic and the disaster put (a BuPS). The stock is still above the LEAP position so a good time to do it (yesterday was even better!).
Bought to Close DG JAN 18 2019 95.0/92.5 Bull Put Spreads @ 1.05
Sold DG JAN 18 2019 115.0 Calls @ 2.75
Caps my upside well above the all time high on the stock which I’m ok with. In exchange for that I reduce the max loss and pick up a quick 1.70 towards being risk free in the position.
BTW…also did this with PYPL today but won’t bore you with the details.
#LongPuts #LongCalls #LongLEAPStraddles – Gonna be an interesting earnings announcement. Tons of premium so still selling aggressively. Rolling the call side today. Didn’t quite get the needed pullback.
Rolled FB APR 20 2018 165.0 Calls to APR 27 2018 167.5 Calls @ 2.30 credit
#LongCalls #LEAPS – Banks aren’t running away so rolling but staying aggressive with the sales…
Rolled FAS APR 20 2018 63.5 Calls to MAY 4 2018 65.0 Calls @ .95 credit
#LongCalls #LEAPS – Staying aggressive and selling at the 50ma. Hopefully they’ll be easy to roll.
Bought to Close TQQQ APR 20 2018 155.0 Calls @ .10 (sold for 3.30)
Sold TQQQ APR 27 2018 155.0 Calls @ 3.20
#SyntheticShortStock – Using the weakness today in this thing to close my upside protection leaving just long 32 strike puts.
Bought to Close NUGT JAN 18 2019 32.0/34.0 Bear Call Spreads @ .46
This adds .46 to the cost of the long puts but reduces max loss by 1.54 and makes the trade much easier to manage and cleaner when closing.
#PerpetualRollingStrangles – Another one in the books…
Bought to Close TLT APR 27 2018 121.5 Calls @ .06 (sold for .60)
Sold TLT MAY 4 2018 120.0 Calls @ .42
EDIT….
For some additional downside help:
Bought TLT SEP 21 2018 100.0 Puts @ .12
#ShortStrangles – Rolling short calls down to straddles. Earnings the week after this…
Rolled ROKU MAY 4 2018 37.0 Calls to MAY 4 2018 34.0 Calls @ .55 credit
#BullCallSpreads #LEAPS -Going back into the belly of the beast with something more realistic to the upside. Buying a narrower spread but using two contracts instead of one. Also, a lower debit so easier to get it covered and be risk free. Let’s see if 600ish can hold…(not looking good so far). A bounce back up to the 200ma resistance would be a good point to take profits. Buying the vertical below and selling the weekly at it.
Bought to Open AZO JAN 18 2019 600.0/620.0 Bull Call Spreads @ 9.95
39 weeks to run so needing 26 cents per week to cover. I’m going for way more than that to get the risk off as soon as possible…
Sold to Open AZO MAY 4 2018 625.0/645.0 Bear Call Spreads @ 2.70
#BearPutSpreads – I’ve been selling against my Jan 2019 50/30 Bear Put Spreads….trying to gradually cover the debit.
Sold VXX MAY 4 2018 39.0/35.0 Bull Put Spreads @ .71
#BullCallSpreads – Interesting trade and another lesson for me in the power of basis reduction.
Originally Bought Jan 2019 660/760 Bull Call Spread after last quarter earnings. Stock started dropping from almost the exact moment the trade filled. Continued selling weekly Bear Call Spreads against the position. Also, rolled down the LEAP short 760 to 710 for additional credit. Stock is still imploding as I type this but…
Bought to Close AZO APR 20 2018 625.0/650.0 Bear Call Spread @ .00 (sold for 2.25 and legged out for zero cost 🙂 )
Then:
Sold to Close AZO JAN 18 2019 660.0/710.0 Bull Call Spread @ 15.43
After reducing my basis of the original position to 9.23 the trade still made 6.20 without ever having a single uptick. Now that’s basis reduction!
#ShortPuts #IRA – Throw these out there and see what happens…
Sold NVDA SEP 21 2018 175.0 Put @ 4.90
Sold NVDA JAN 18 2019 150.0 Put @ 4.40
#LongCalls #LEAPS – My newest 2020 position that’s just getting started…
Bought to Close SMH APR 20 2018 106.5 Calls @ .05 (sold for .72)
Sold SMH MAY 4 2018 104.0 Calls @ 1.33
#SyntheticStock – An old “earnings gone bad” repair trade that might actually turn into a nice winner…needs 99 cents per week. Earnings May 3rd so staying aggressive until then.
Bought to Close OLED APR 20 2018 103.0 Calls @ .10 (sold for 1.58)
Sold OLED APR 27 2018 100.0 Calls @ 1.40
#SyntheticStock – Plugging away against a Jan 2020 position…selling next batch in earnings week. Might adjust it a little as the day approaches.
Bought to Close REGN APR 20 2018 337.5 Calls @ .20 (sold for 2.20)
Sold REGN MAY 4 2018 345.0 Calls @ 2.40
#ShortStrangles – Once again I’ve demonstrated my uncanny ability to trade directionally by selling those 34 puts yesterday. 😦 Added these this morning when it was looking like I was obviously wrong…
Sold ROKU MAY 4 2018 37.0 Calls @ .65
#SyntheticStock – Some more rolling. Easing them up but keeping some downside cushion. LUV earnings next week.
Rolled EWW APR 20 2018 51.5 Calls to MAY 18 2018 52.0 Calls @ .04 debit
Rolled LUV APR 20 2018 55.0 Calls to MAY 4 2018 57.0 Calls @ .05 credit
#SyntheticStock – Rolling…
Rolled XLY APR 20 2018 101.5 Calls to XLY MAY 11 2018 102.5 Calls @ .07 debit
#SyntheticStock – These have both been on a tear so rolling the best I can. Neither one is really very rollable especially this far ITM. Will have to trade these like I did my old AMZN position. Keep rolling up and out while ITM treating them like a nice trailing stop.
Rolled DG APR 20 2018 94.0 Calls MAY 18 2018 95.0 Calls @ .10 debit.
Rolled XOM APR 20 2018 75.0 Calls to MAY 4 2018 75.5 Calls @ .14 debit (waiting until after earnings to see what I need to do longer term)
Also on XOM:
Bought to Close XOM JAN 17 2020 75.0/72.5 Bull Put Spreads @ 1.10
This leaves just the long calls out in 2020. Made a profit on the short put / disaster put but did add 1.10 to the cost of the long calls.
Options Bistro 