#LongCalls #LongPuts #LEAPS – September is going to be crazy at work so might not be in here as much. Did get a few trades in on Friday and just now getting around to the bookkeeping.
DUST:
Bought to Close DUST Aug 31 2018 38.5 Puts @ .05 (sold for 1.60)
Sold DUST Sep 14 2018 36.0 Puts @ .87
SMH:
Rolled SMH Aug 31 2018 104.5 Calls to Sep 14 2018 105.0 Calls @ .02 credit
#LongCalls #LEAPS – All rolled ITM weekly calls out a week or two for right around even or tiny debit. Won’t bore you with the details
#BullPutSpreads – Whiz trade…
Sold AMZN SEP 28 2018 1960.0/1950.0 Bull Put Spread @ 3.32
#FallingKnife – One to keep an eye on…
#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.
#ShortPuts – Got most of it. Freeing up cash in a small account.
Bought to Close TQQQ SEP 21 2018 48.33 Put @ 10 (sold for 1.15)
Bought to Close TQQQ SEP 21 2018 55.0 Put @ .15 (sold for 2.35)
Bought to Close TQQQ SEP 21 2018 60.0 Put @ .35 (sold for 3.90)
#LongCalls #LEAPS -Here’s another one of my old non-ratio’d positions that I’ve been fighting for awhile. Finally got it back to a ratio a few weeks ago just in time for a nice run. It’s only out to 2019 so booking it and will reset on next drop.
Bought to Close XBI SEP 7 2018 97.0 Calls
Sold to Close XBI JAN 18 2019 93.0 Calls
All said and done it’s a 1.16 winner on a 10 lot.
#Earnings trades layered on top of my #LongCalls #LEAPS positions. I don’t even mess with these trying to get the last nickel…
Bought to Close DG AUG 31 2018 99.5 Puts @ .10 (sold for .63)
Bought to Close DG AUG 31 2018 112.0 Calls @ .05 (sold for 1.00)
#ShortPuts #IRA – Shorter term and slightly more aggressive. 9.3% annualized. 8 percent is usually my goal on the put sales…
Sold CRM NOV 16 2018 140.0 Put @ 2.65
#LongCalls #LEAPS #Earnings – Earnings in the morning so adding a little to the position. Long 2019 LEAPS and short this week’s calls. Adding strangles outside all of that. Sold 112 strike calls yesterday and adding puts today.
Sold DG AUG 31 2018 99.5 Puts @ .63
#BearCallSpreads – Bought to Close UVXY SEP 21 2018 20.0/30.0 Bear Call Spreads @ .05 (sold for .71)
#LongCalls #LEAPS – Still plugging away. Stop set on next week’s so adding another layer…
Bought to Close EWZ AUG 31 2018 35.0 Calls @ .02 (sold for .30)
Sold EWZ SEP 21 2018 35.0 Calls @ .43
#ShortPuts #IRA – Yesterday…
Bought to Close SOXL NOV 16 2018 65.0 Put @ .40 (sold for 3.20)
#Whiz – I’ve been adding a few of these lately….very small. Just one or two contracts. I’m becoming a believer (gulp) 🙂 🙂
Bought to Close AMZN SEP 7 2018 1862.5/1860.0 Bull Put Spreads @ .18 (sold for .95)
Forgot about this one:
Expired CSX AUG 24 2018 71.0/70.0 Bull Put Spreads (sold for .20)
#LongCalls #LEAPS – Trimming a little more here. This one was ratio’d and still got partially run over so taking a small winner on what feels like a down day…LOL Gradually building cash reserves at this point…
Bought to Close FAS AUG 31 2018 66.5 Calls
Sold to Close FAS JAN 17 2020 67.0 Calls
All said and done a .43 winner on a 10 lot. Not a big one here but FAS has been very good to me this year.
#LongCalls #LEAPS – A few sales this morning…
AMAT:
Sold AMAT SEP 28 2018 46.0 Calls @ .44 (ratio’d replacing this week’s)
AMBA:
Sold AMBA AUG 31 2018 43.0 Calls @ .83 (ratio’d for earnings this week)
DG:
Sold DG AUG 31 2018 112.0 Calls @ 1.00 (adding a couple more for earnings)
GLD:
Sold GLD SEP 14 2018 116.0 Calls @ .48
Sold GLD SEP 28 2018 118.0 Calls @ .40
#LongCalls #LEAPS – Finally getting a chance to ratio this one. Been rolling ITM weeklies for awhile…
Bought to Close XBI AUG 24 2018 95.5 Calls @ .45 (sold for 1.15)
Sold XBI SEP 7 2018 97.0 Calls @ .89
#LongCalls #LEAPS – With #Earnings next week and this thing in a tight squeeze that’s leaning bullish I’m playing it carefully while selling under the LEAPS. Taking this week’s off at even and I’ll decide later where (or if ) to sell next week.
Bought to Close AMBA AUG 24 2018 39.0 Calls @ .50 (sold for .50)
#LongCalls #LEAPS – This one was so close to breakeven back in April I probably should’ve closed it but…all the experts were predicting a breakout to the upside and a run to glory. Well…we know how that played out…LOL.
I’ve been double and triple writing some of the weekly call sales on the way down so taking a little off now that there’s signs of life. A long way to go still but it’s out to 2020.
Bought to Close GLD AUG 31 2018 115.5 Calls @ .12 (sold for .40)
#LongCalls #LEAPS – This was one I’ve been in for quite awhile. It goes all the way back to Dec with a strangle gone bad and then horrible timing on an overnight short stock assignment. Then turned it into a LEAPS non ratio position where the weekly sales got immediately run over. After finally working out of that by rolling up LEAPS to finance the roll up of the weeklies and gradually being able to turn it into a ratio’d position I was able to resume selling. So…after the big jump today and in spite of lousy exit fills ( I should’ve waited a little) I am out with a small profit from what was once a decent size ugly loss.
Sold to Close ADSK JAN 18 2019 130.0 Calls
Bought to Close ADSK AUG 24 2018 134.0 Calls
All said and done a .76 winner per contract!
Doesn’t sound like much but it feels much bigger…LOL
#ShortPuts #IRA – I’ll take a shot…
Sold BABA DEC 21 2018 150.0 Put @ 3.45
Update…got really lucky on this one. Re-stated earnings to a miss now. At least that’s the rumor. Jeez is Muskie running the conference call?
#Earnings after the close today. I would take a shot but I’m already in a long term LEAPS position that was a repair trade from about 3 quarters ago. Finally sitting at breakeven but I’m gonna hold it through the announcement.
It’s a 3×4 ratio with little to no upside risk and makes money down to 134 which is my short call strike.
Took the last of my SVXY stock today (other than a single Jan 2019 25 strike put). This is pretty typical of where most of my SVXY positions were.
Original trade was Jan 2019 80/80/77.5 Synthetic Stock @ 25.50 so luckily the worse case scenario is a basis about 25 dollars above where the stock is. The short puts were exercised so I sold the long puts. I’ve unloaded all my other stock but I’ll hang on to this one since it’s only a couple hundred shares.
Sold SVXY SEP 21 2018 14.5 Calls @ .38
#LongCalls #LEAPS – Taking advantage of the earnings bounce up to resistance. The overall position is approaching zero deltas again so booking it.
Sold to Close BABA JAN 17 2020 180.0 Calls @ 31.95
Bought to Close BABA AUG 24 2018 180.0 Calls @ 4.60
Ended up with 2.73 profit on a 3 lot…
Now if the China negotiations fall apart I can look to re-enter on the drop. 🙂
#CoveredCalls – Big bounce today so stopped out on my over writing of the calls…
Bought to Close WTW AUG 24 2018 75.0 Calls @ .75 (sold for 4.13)
Still holding next week’s 73s…
#LongCalls #LEAPS – Small trades bringing in some lunch money…
LABU:
These are ratio’d so with this week’s looking safe selling another half a little early. This is a tiny 2×1 starter where I may add to the LEAPS eventually.
Sold LABU SEP 7 2018 98.0 Call @ 1.20
TWLO:
Earnings trade where I rolled ITM short calls to ITM bull put spreads. Selling against those now (hopefully safely).
Sold TWLO SEP 7 2018 84.0 Calls @ .61
#LongCalls #LEAPS #CoveredCalls – Not a bad week for selling. Can’t wait until these are all (or most of ’em) #PureProfit. ADSK and PYPL weeklies are finally out of the money so selling can resume on them.
ADSK:
Bought to Close ADSK AUG 17 2018 132.0 Calls @ .05 (sold for 1.52)
Sold ADSK AUG 24 2018 134.0 Calls @ 3.00 (ratio’d for earnings next week)
AMAT
Sold AMAT AUG 31 2018 45.0 Calls @ .42 (replacing this week’s expiration that was sold for .87)
Earnings sucked so selling carefully now….
GLD:
Bought to Close GLD AUG 17 2018 116.5 Calls @ .01 (the rest of the partial from yesterday sold for .50)
PYPL:
Bought to Close PYPL AUG 17 2018 85.5 Calls @ .05 (sold for .36)
Sold PYPL AUG 31 2018 86.0 Calls @ .85
Sold PYPL SEP 7 2018 87.0 Calls @ .79
RTN:
Sold RTN AUG 31 2018 202.5 Calls @ 1.10 (still squeezing so ratio’d at the 200ma resistance)
WTW:
Sold WTW AUG 31 2018 73.0 Calls @ 1.15 (double selling covered calls with a stop on next week’s)
#ShortPuts #IRA – Been looking for a chance to get involved in this one again…
Sold NVDA DEC 21 2018 210.0 Put @ 5.80
Forgot to post this the other day. A re-shuffle is coming moving around some big names. Might find some opportunity during this….
https://www.investors.com/etfs-and-funds/etfs/sp-sector-reshuffle-play-faang-stocks-xlc/
#LongPuts #LEAPS – I tried this with NUGT a long time ago and it didn’t work since I didn’t ratio the position. NUGT was pushing 60 at the time…right idea and wrong execution. I’ll try not to make that mistake here. Sticking with a 3×2 from the beginning since this thing can implode quickly.
Bought to Open DUST JAN 17 2020 40.0 Puts @ 14.50
Sold DUST AUG 24 2018 40.0 Puts @ 1.64
One I’ve been fighting for awhile. Started out as non ratio #SyntheticStock in 2019 that promptly got run over weeks ago. Gradually worked it back without making much headway. Added a 2020 #LongCalls #LEAPS position on the June pullback. Long story short…weeklies run over again but both core positions combined were nicely profitable.
To clean up the entire mess I booked the gains on the cores and rolled the ITM calls to Jan 2020 ITM put spreads for a nice credit. This will give me many weeks to sell against those put spreads to drastically lower the basis in case the stock is assigned then. I should be able to collect more credit than the width of the spread eventually.
This adjustment also frees up a ton of cash and really simplifies everything…
Sold to Close 2 Jan 2019 115/120/120 synthetic stock positions @ 10.71 (basis 22.49 so loss of $2356)
Sold to Close 3 Jan 2020 105 Calls @ 34.80 (basis 23.18 so gain of $3486)
Net gain on core positions of $1130. I’ll book that and not apply it to this call/put reverse roll:
Rolled Sep 7 2018 96.5 short calls to Jan 2020 145/105 Bull Put Spreads @ 1.66 credit
Original call sales brought in 1.25 so basis on the ITM put spreads is 2.91 on a 40 wide. That’s what I’ll be selling against now over the next 70 or so weeks. Using spread sales to protect against runaway upside.
Sold OLED SEP 7 2018 130.0/135.0 Bear Call Spreads @ .55
#LongCalls #LEAPS – Ratio’d with this week’s 200 short calls. I’ll be watching it closely. That’s a beautiful squeeze that looks ready to go higher.
#LongCalls #LEAPS – I’ve been staggering these out over 2-3 weeks selling the ratios. Once the near ones get profitable I put on a stop and sell the next batch. Just killing time with gradual basis reduction until it recovers.
Bought to Close GLD AUG 17 2018 116.5 Calls @ .01 partial fill so far (sold for .50)
Sold GLD SEP 7 2018 114.0 Calls @ .43
Still holding (with profits) Aug 24th 116’s and Aug 31st 115.5’s
#LongCalls #LEAPS – First couple rounds of sales were non-ratio’d so already covered a nice chunk of the LEAPS cost. Switching to ratio’d now after the selloff. 3×5 with no upside risk.
Bought to Close ERX AUG 24 2018 37.0 Calls @ .06 (sold for .73)
Sold ERX AUG 31 2018 33.5 Calls @ .75
Interesting to watch here. Starting to look like last quarter. Yuuuuge rally on ORLY and AAP earnings. Of course we know what happened next…LOL
#LongCalls #LEAPS – Early sale replacing this week’s…
Sold AMBA AUG 24 2018 39.0 Calls @ .50
#LongCalls #LEAPS – Earnings next week so I may adjust this call sale between now and then. Non-ratio so still looking to exit on negative deltas…
Bought to Close BABA AUG 17 2018 182.5 Calls @ .32 (sold for 2.20)
Sold BABA AUG 24 2018 180.0 Calls @ 3.37
#ShortPuts #IRA – Freeing up some more room in an #IRA. Earnings on this one next week so maybe get a chance to sell it again.
Bought to Close NVDA JAN 18 2019 150.0 Put @ .67 (sold for 4.40)
#LongCalls #LEAPS – A couple rolls today…
AMAT:
Earnings next week…
Bought to Close AMAT AUG 10 2018 48.5 Calls @ .03 (sold for 1.60)
Sold AMAT AUG 17 2018 49.0 Calls @ .86
ERX:
Bought to Close ERX AUG 10 2018 37.0 Calls @ .05 (sold for .60)
Sold ERX AUG 24 2018 37.0 Calls @ .75
#Earnings #JadeLizard – Just to close the books on this…Jade Lizard with 50/51 on the call side and stock obviously blew through that. Closed those for .98 so picking up 2 cents and saving exercise fees. Originally sold for 1.35 so net gain of 37 cents.
See you next quarter!
#Earnings #CoveredCalls – My final adjustment. I’ll be taking stock at a basis of 79.16. I’m a little bearish thinking this thing is headed for the 200ma. Selling my covered calls ITM a couple weeks out for max downside protection while lowering my basis quite a bit.
Bought to Close WTW AUG 10 2018 80.0 Calls @ .12
Sold WTW AUG 24 2018 75.0 Calls @ 4.13
Stock basis now 75.15 covered with 75 strike calls. I’ll be able to let the stock go near even or roll one more time for a small profit. If it keeps dropping I’ll keep selling slightly ITM until we see a bounce…
#ShortPuts #IRA – With the market up here it’s a good time to book some of these types of positions. Need to free up some buying power too.
Bought to Close LABU SEP 21 2018 60.0 Put @ .45 (sold for 4.70)
Bought to Close LABU SEP 21 2018 55.0 Put @ .24 (sold for 3.50)
#ShortPuts #IRA – Adding this to the divvy possibilities. It’s in a big squeeze…not sure which way it’s going but starting to look more bullish. Either way yield 4.5% down at the 43 level.
Sold CAH JAN 18 2019 45.0 Puts @ 1.95
https://thefly.com/landingPageNews.php?id=2774427&headline=STMP-Stampscom-discloses-risk-that-USPS-may-renegotiate-compensation-arrangements
#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
#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)
#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
#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)
#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!
#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.
#FallingKnife ? – Might be starting a bounce here…
#ContangoETFs – New lifetime low….c’mon Mr. Market give us a 1 for 10 this time!
#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
#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… 🙂 🙂
=====================================================================
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
=====================================================================
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
#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
#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
#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)
#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
#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…
#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.
#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
#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…
Normally I’m onboard with these but this one makes me dizzy!
🙂 🙂
#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
#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
@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
#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!
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!
#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…
#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…
Options Bistro 