BABA

#SyntheticStock – It’s either at resistance or getting ready to break higher. Either way, my long deltas are gone and it’s been a good run. Very little weekly premium and mostly a delta gain. Only a couple contracts but still booking here and looking for a re-entry point eventually. Out of BABA, BIDU, and CTRP. China was very good to me!

Sold to Close BABA JAN 17 2020 175.0/175.0/170.0 Synthetic Stock
Bought to Close BABA MAR 16 2018 190.0 Calls

Net gain of 12.20 per contract…

LUV

#SyntheticStock – Another roll…I really wanted a down market today 🙂

Rolled LUV MAR 9 2018 58.5 Calls to MAR 23 2018 60.0 Calls @ .10 debit.

Small debit to pick up another 1.40 of upside.

OLED

#SyntheticStock – Strong recovery here…

Rolled OLED MAR 9 2018 128.0 Calls to MAR 23 2018 133.0 Calls @ .17 credit

PYPL

#SyntheticStock – Going a little further out on this one. Still not sure why it’s going up after the eBay controversy from a few weeks ago..LOL

Rolled PYPL MAR 9 2018 77.0 Calls to APR 6 2018 78.5 Calls @ .15 debit picking up another 1.35 of upside.

CELG

#SyntheticStock – Another roll I was hoping would expire…

Rolled CELG MAR 9 2018 92.0 Calls to MAR 16 2018 93.5 Calls @ .35 credit

BABA

#SyntheticStock – Almost closed the whole thing yesterday. Forced to roll now…

Rolled BABA MAR 9 2018 187.5 Calls to MAR 16 2018 190.0 Calls @ .33 credit

TSLA

#Earnings – Still dealing with an old earnings strangle. Just rolling around collecting premium and it’s starting to add up.

Had a 342.5 Straddle for this week. Closed the call and rolled the ITM put out to a new straddle.

Bought to Close TSLA MAR 9 2018 342.5 Call @ .02

Rolled TSLA MAR 9 2018 342.5 Put to MAR 23 2018 335.0/335.0 Straddle @ 3.20 credit.

Current position now March 23rd 335 Straddle @ 16.40 accumulated credit

SPX

#RocketManHedge – Booking the short put and leaving the long un-hedged over the weekend…

Bought to Close SPX MAR 12 2018 2700.0 Put @ .35 (sold for 9.00)

SLB

#SyntheticStock – In a squeeze and looks ready to run. Rolling the hedge…

Rolled SLB MAR 9 2018 66.5 Calls to MAR 29 2018 68.0 Calls @ .22 debit picking up another 1.28 of upside.

AZO

Leaving this under my #SyntheticStock tag even though it’s slightly modified. Replacing this week’s expiration with another hedge. Reducing basis in Jan 2019 660/760 BuCS by selling bear call spreads.

Sold AZO MAR 16 2018 675.0/700.0 Bear Call Spread @ 2.40

CTRP

#SyntheticStock – Earnings next week. It’s run up to resistance and to a negative delta on my overall position. Gonna book it as a quickie and maybe re-load with an earnings play next week…

Sold to Close CTRP JAN 18 2019 47/47/45 Synthetic
Bought to Close CTRP MAR 9 2018 48.0 Calls

A couple weeks of weekly selling and nice gain on the core for grand total of 1.18 gain per spread. Not risking a blowout on earnings next week.

ADSK

#Earnings #ShortStrangles – Well here we go. Let the rolling begin. I had many weekly hedges that were set to expire but with the strong market today nearly all of them will be rolls now. This one is a roll of the call side of a blown out to the upside earnings strangle.

Rolled ADSK MAR 9 2018 130.0 Calls to MAR 29 2018 142.0/138.0 Inverted Strangles @ 1.92 credit.

Position now is Mar 29th 142/138 inverted @ 4.25

XBI

#ShortPuts #IRA – Out all afternoon…just noticed this one.

Bought to Close XBI MAR 16 2018 83.00 PUT @ .05 (sold for 2.60)

XOM

#SyntheticStock – Core is out in Jan 2020…

Bought to Close XOM MAR 9 2018 76.0 Calls @ .03 (sold for .54)

Sold XOM MAR 16 2018 75.5 Calls @ .36

#hedge

ADSK

#SyntheticStock – As usual I pick a stock that goes to the moon but is hedged with a short weekly. 😦 😦

Trading this similar to the strategy I’ve used with my AMZN position…rolling everything up including the core to set up easier rolling of the front month calls in the future. In this case, I’m rolling the core up to the breakout level which might provide some support on a pullback.

Rolled Jan 2019 115/115/110 synthetic up to 120/120/115 @ 3.50 credit
Rolled MAR 9 2018 115.0 Calls to APR 20 2018 120.0 Calls @ 3.30 debit

Basically moving everything up 5 points for a .20 credit. Hopefully a little pullback of some sort in the next month to allow a decent roll of the weekly next time.

VXX

#BearPutSpreads – Selling against my Jan 2019 50/30 Bear Put Spreads….trying to gradually cover the debit.

Sold VXX MAR 23 2018 38.0/33.0 Bull Put Spreads @ .53

TLT

#SyntheticShort – The weekly hedge against a small synthetic short I’ve been playing with…

Bought to Close TLT MAR 9 2018 117.0 Puts @ .02 (sold for .38)

Sold TLT MAR 23 2018 117.5 Puts @ .49

SPX

#RocketManHedge – Hedge is out to May but still gradually paying for it…

Bought to Close SPX MAR 7 2018 2700.0 Put @ .05 (sold for 7.75)

Sold SPX MAR 12 2018 2700.0 Put @ 9.00

XBI

#IRA – Missed one yesterday…

Bought to Close XBI MAR 16 2018 80.00 PUT @ .05 (sold for 1.68)

UVXY

#BearCallSpreads – Selling a few more….

Sold UVXY MAY 18 2018 25.0/35.0 Bear Call Spreads @ .96

ADSK Earnings

#Earnings – Big up move so still holding call side of the 100/130 strangles….probably rolling those into new strangles.

Bought to Close ADSK MAR 9 2018 110.0 Puts @ .01

VXX

#BearPutSpreads – Closing the the short side of 38/33 Bull Put Spreads. Originally sold for .62 as basis reduction on Jan 2019 50/30 Bear Put Spreads. Basis is now 11.53 with a goal of reducing it to zero by expiration.

Bought to Close VXX MAR 9 2018 38.0 Puts @ .01 letting 33 strike long side expire.

ADSK Earnings

#Earnings – I’m already in a synthetic that’s working halfway decent. Wouldn’t mind adding to it so if this earnings trade doesn’t work out I’ll roll into the synthetic.

Selling at the expected move on both sides…

Sold ADSK MAR 9 2018 110.0/130.0 Strangles @ 2.35

MGM

#LongCalls – Not going synthetic on this one. Requires less margin in an #IRA to just buy the calls. Max loss is quite a bit less but it is slightly more cash up front.

Bought MGM JAN 18 2019 35.0 Calls @ 3.90

45 weeks to run so need 8.5 cents per week to cover. Stock is entering a daily squeeze and looking potentially bullish…(wild guess there…LOL)

Haven’t sold the hedge yet…order in for next week’s 35.5 strike.

VRX

#SyntheticStock – Only have a tiny bit of buying power in my Tastyworks account. Currently synthetically short UNG and adding a synthetic long on VRX now. Mainly just to get used to the platform…

Bought VRX 01/18/19 15.00/15.00/12.50 Synthetic Stock / Disaster Puts @ 2.06

Max loss 4.56 with 45 weeks to run so need a dime a week to cover.

So:

Sold VRX 03/16/18 16.00 Calls @ 0.21

BIDU

#SyntheticStock – Booking this one with the run up to resistance and overall delta approaching zero…

Sold to Close BIDU JAN 17 2020 250.0/250.0/240.0 Synthetic
Bought to Close BIDU MAR 16 2018 252.5 Calls

All said and done including weekly premium sales net gain of 10.45 per spread. Would definitely re-enter on any weakness.

Zzzzz….

Not doing much today. Enjoying the little drop in volatility and the theta decay. Weeklies rolling off in 14 tickers on Friday. Love to see them all expire! If I can roll or re-sell one more week I’ll be looking at 22 expirations next week. As long as the synthetic isn’t tanking too badly it’s tremendous weekly cash flow into the account.

Almost forgot how nice it was to have VIX up closer to 20!

AZO

#SyntheticStock – Instead of selling an unlimited risk big wide strangle or going pure synthetic I’m trying a little experiment since it’s such a high dollar stock. Thesis (LOL for what that’s worth!) is that the 200ma will hold and there’s not much of a chance of exceeding the all time high this year. (Citi has 790 target on it).

I’m buying a call spread out in Jan 2019 and then selling against it…selling call spreads against it for now since selling naked calls against it results in an additional margin hit since the platform sees it as blocking potential gains.

Bought to Open AZO JAN 18 2019 660.0/760.0 Bull Call Spread @ 40.60 (that’s my max loss)

40.60 with 46 weeks requires .88 a week to cover. Shouldn’t be a problem with this thing.

So:

Sold AZO MAR 9 2018 675.0/700.0 Bear Call spread @ 3.15

Even if the stock goes nowhere selling 3 bucks a week should be a nice winner…

SLB

#SyntheticStock – Only getting partial fills for closing this week’s at a penny but since it’s not in an IRA I’m selling next week while waiting.

Bought to Close SLB MAR 2 2018 67.0 Calls @ .01 (sold for .38) (filled on 2 out of 10)

Sold SLB MAR 9 2018 66.5 Calls @ .50

Volatility…how’s it going?

Not sure about you guys (gals) but overall I’m fairly happy where most of my positions stand even though account is red today. Fairly big batch of weeklies rolling off the next two weeks. Definitely not getting rewarded for those today. I think the losses today can be attributed more to volatility expansion instead of adverse movement in the stock in a lot of cases.

#shortputs, #volatility

OLED

#Earnings – I think the easiest (and safest) way to turn this strangle into a winner is roll it into synthetic.

Closed Mar 16th 143/140 Inverted Strangle

Opened Jan 2019 120/120/115 Synthetic in same size.

Rough math after rolling strangle loss into synthetic basis is max loss of 44.60 with 46 weeks to run so .97 per week with pretty good premium in the weeklies. I may add one more synthetic to lower the weekly requirement.

And:

Sold OLED MAR 9 2018 128.0 Calls @ 1.30

XOM

#SyntheticStock – Core is all the way out to 2020 and only needing a dime a week. Possibly my favorite position right now…

Bought to Close XOM MAR 2 2018 77.0 Calls @ .03 (sold for .55)

Sold XOM MAR 9 2018 76.0 Calls @ .54

CRUS

#SyntheticStock – Putting this in the synthetic category even though this was just the buying of 45 strike calls out to next January. First sale against these needing .15 per week.

Sold CRUS MAR 16 2018 44.5 Calls @ .65

AZO

#Earnings – Getting out with a small profit while I can…

Bought to Close AZO MAR 2 2018 660.0/665.0 Strangle @ 7.70 (sold for 9.10)

CRUS

#SyntheticStock #LongCalls -With 5 wide strikes out in Jan 2019 I just decided to buy the calls outright instead of going synthetic. A little more out of pocket up front but a much lower max loss due to the “5 wide”. This replaces my MU position..

Bought to Open CRUS JAN 18 2019 45.0 Calls @ 6.90

46 week to go so 15 cents a week required….didn’t get a chance to sell the first hedge yet.

New synthetic ideas?

Strolling through my watchlists looking for anything that’s at an extreme that looks like a good entry for synthetic. Not considering anymore drug/biotech/energy since I’m in those already. So far I’m seeing these:

ALK (already in LUV)
AMBA (earnings tomorrow)
CRUS (liking it)
DIS (on more weakness)
EWW (getting close)
FXI (getting close)
IWM (on more weakness)
NTES (on more weakness)
OLED (once it forms a base)
REGN (in it already but sure seems ready to reverse)
SHAK (decent premium on cheap stock)
TBT (go short)
TLT (go long) saw UOA (bullish) in TLT today…not sure what exactly

MU

#SyntheticStock – This was a poorly managed trade from the beginning. I’ve got to learn more patience with these things. I entered the trade on Jan 26th and the stock went down almost immediately. Sold some nice hedges but got streamrolled in the massive whipsaw. This could’ve been a 5k winner but the weekly hedge sale has blocked the entire profit from the reversal point. Instead of holding it and trying to roll I’m taking it off for a scratch after commissions. I’ve got to get better at this or quit picking stocks that explode higher 🙂 🙂 .

Sold to Close MU JUL 20 2018 43/43/41 Synthetic
Bought to Close MU MAR 29 2018 44.0 Calls

All said and done…even after commissions but feels like a loser!

CELG

#SyntheticStock – Another dog….selling the weekly hedge below the core so only going for about what’s needed to get to breakeven. Core is out in July and I currently need 37 cents per week to cover max loss.

Bought to Close CELG MAR 2 2018 97.0 Calls @ .05 (sold for .68)

Sold CELG MAR 9 2018 92.0 Calls @ .55

BIDU

#SyntheticStock – Rolling the weekly hedge out and up…if the stock continues up to where the overall position is zero deltas I’ll probably book it and look to re-enter on a pullback.

Rolled BIDU MAR 2 2018 247.5 Calls to MAR 16 2018 252.5 Calls @ .60 credit

WMT

#ShortPuts -Decided I’ve got enough going on so bailing on these with lunch money…

Bought to Close WMT APR 20 2018 85.0 Puts @ .77 (sold for .84)

UVXY

#ShortCalls – I’m booking these and following @Ramie and selling some nearer term UVXY call spreads. I’ll be applying all of the profits to the purchase price of my LEAP SVXY calls until they are zero risk and then after that applying to SVXY losses. This looks like a much better way of cost reduction on the long SVXY calls vs selling calls against them since premium is so weak.

Bought to Close UVXY APR 20 2018 59.0 Call @ .22 (sold for 2.81)
Bought to Close UVXY JUN 15 2018 60.0 Call @ .58 (sold for 3.50)

CTRP

#SyntheticStock – Earnings still two weeks away so selling the week before (hopefully at a safe strike)…

Bought to Close CTRP MAR 2 2018 48.0 Calls @ .05 (sold for .75)

Sold CTRP MAR 9 2018 48.0 Calls @ .26

ADSK

#SyntheticStock – This is a weekly call sale that I had rolled down for a 1.24 credit. With the stock reversing (of course) I’m giving some of that back and rolling it back up and out. Earnings next week…

Rolled ADSK MAR 2 2018 111.0 Calls to MAR 9 2018 115.0 Calls @ .96 debit

AZO Earnings

#Earnings – Down big but not that far below breakeven. Sneaking in another call sale this week before possibly rolling.

Bought to Close AZO MAR 2 2018 790.0 Call @ .25

Sold AZO MAR 2 2018 665.0 Call @ 3.20

Position is now 660/665 Strangle @ 9.10 for this Friday

TLT

#PerpetualRollingStrangles – Back just in time to make a few trades…

Bought to Close TLT MAR 2 2018 120.0 Calls @ .03 (sold for .44)

Sold TLT MAR 16 2018 119.5 Calls @ .48

AZO Earnings

#Earnings -Thanks @Jeff ….I’m in.

Sold AZO MAR 2 2018 660.0/790.0 Strangle @ 6.16

#bitty

AMZN

#SyntheticStock – With the breakout above 1500 I’m probably safe moving everything up. Rolling everything up 100 points including the disaster put and the front month call sale. This should lead to much better rollability for the ITM weekly call.

Rolled Jun 2019 1250/1250/810 synthetic to Jun 2019 1350/1350/910

And:

Rolled Apr 2018 1240 short call to Apr 2018 1340 short call

Did the entire package for a 3.60 debit easily covered by earlier weekly hedge sales. Will be looking to roll the April call once a little more time bleeds out of it.

SVXY

After calculating over the weekend where this particular account stands my stock basis turned out to be 48.82. These were all synthetic stock positions that were hedged with disaster puts so all said and done the damage wasn’t horrible. I’ve since sold all the stock at 12.90.

After playing with the numbers to go synthetic, it actually works out a little better and less complicated just to buy the calls. This first purchase is equal to the stock size. I’ll add to it on any pullbacks since I’m willing to risk a little more by going double the stock size.

Bought SVXY JAN 17 2020 15.0 Calls @ 5.65

I am planning to try to sell safe calls against these to reduce overall risk. The goal will be for the profit in these to equal the stock loss and at that point decide how much longer to hold. This position is in an IRA and it’s still sitting on one last 80/80/77.5 synthetic that if exercised would lower my cost basis slightly.

I’ve got SVXY in my main account also and was much better hedged. Basis there is 30.00 with one Jan 2019 25 put still outstanding. Planning on a call buy in that account also.

My worst position is a smaller account that was unfortunately “SVXY only”. Had nothing but laddered naked puts in it. Basis there is 97.70. Still holding stock covered by 11.50 short calls. Waiting to see how those play out before adding long calls to that account.

TSLA

#ShortStrangles – Keep rolling into new strangles every week or two until this thing comes back to reality…rolling the put up a little for now for nice credit.

Rolled TSLA MAR 9 2018 315.0 Put to MAR 9 2018 342.5 Put @ 3.40 credit

Position is now Mar 9th 342.5/355.0 Strangle @ 11.65

SPX

#RocketManHedge – Not much fun having these now but in a selloff they’re awesome…killing time for now with safe sales.

Bought to Close SPX MAR 2 2018 2640.0 Put @ .85 (sold for 11.40)

Sold SPX MAR 7 2018 2700.0 Put @ 7.75

OLED

#ShortStrangles – Rolled puts out and down after earnings. Selling calls against those now…

Sold OLED MAR 16 2018 140.0 Calls @ 2.10

Position is now 143/140 inverted @ 6.55

CELG FSLR LUV OLED SVXY and “The GOAT!”

Was out all day today chasing the G.O.A.T. up and down grassy hills in the sunshine. Yes….that’s right…I followed Tiger Woods today in the Honda Classic. Since he was only 45 minutes up the turnpike I couldn’t pass it up. I hadn’t seen him hit a ball in person since the 1999 Byron Nelson tournament down in Ft. Worth. For a lifelong golf nut like myself, it really was a thrill even though he’s the “Old Tiger” and no longer the “Tiger of Old”. Just a lot of fun and a great day seeing him and all the young guns that were in diapers back in 1999 (if they were born yet) 🙂 🙂 .

Along with all that I did manage to find a shady spot and take care of all my #SyntheticStock and #Earnings Friday action that was needed…

Bought to Close CELG FEB 23 2018 96.0 Calls @ .02 (sold for 1.00)
Sold CELG MAR 2 2018 96.0 Calls @ .68

Bought to Close FSLR FEB 23 2018 63.0/66.0/66.0/69.0 Iron Flies @ 2.65 (sold for 2.60) small loss…

Bought to Close LUV FEB 23 2018 58.0 Calls @ .05 (sold for .60)
Sold LUV MAR 9 2018 58.5 Calls @ .75

Rolled OLED FEB 23 2018 145.0 Puts to MAR 16 2018 143.0 Puts @ .30 credit (I’ll sell calls against these for a few weeks and then maybe roll to a new strangle) basis now 138.75

SVXY – Sold almost all of my stock @ 12.90. I think I will now go all synthetic at twice the size (and much less out of pocket). This will indirectly lower my basis in all the former stock positions by half. I’ll get the exact basis on each lot over the weekend. Haven’t decided yet on adding disaster puts…I probably will at some point.

Have a great weekend!

OLED Earnings

#Earnings – Thanks @Jeff for pointing this one out…I almost over looked it. Playing fairly aggressively and skewed bullish. Selling the put side just inside the expected move and the call side at twice the expected move…

Sold OLED FEB 23 2018 145.0/180.0 Strangles @ 4.25

#pietrade

FSLR Earnings

#Earnings – Just a small low risk low probability iron fly. 3 wide on a 5.30 expected move risking 40 to make 260.

Sold FSLR FEB 23 2018 63.0/66.0/69.0 Iron Flies @ 2.60

AAOI

#ShortStrangles – Back to the old grind on this long running repair trade. Getting partials trickling in one at a time….

Sold AAOI MAR 16 2018 30.0 Calls @ .60

ROKU

#ShortStrangles – Decent premium in these….170 percent return on margin (over 400 percent annualized) and even higher if I’m out sooner than expiration.

Sold ROKU JUL 20 2018 25.0/80.0 Strangles @ 2.62

AAOI

#ShortStrangles – These were in the money until the earnings flop…LOL On the bright side, with all the long puts I’m holding I’ll make more at zero. 🙂

Bought to Close AAOI FEB 23 2018 33.0 Calls @ .05 (sold for 1.10)

ROKU & STMP Earnings

#Earnings – That was fun…

Bought to Close ROKU FEB 23 2018 40.0/60.0 Strangles @ .15 (sold for 2.00)

Bought to Close STMP FEB 23 2018 160.0/230.0 Strangles @ .12 (sold for 3.20)

ROKU Earnings

#Earnings – This thing could go anywhere but at least it’s cheap enough to roll into synthetic if it tanks…

Sold ROKU FEB 23 2018 40.0/60.0 Strangles @ 2.00

Stock at 51 with an expected move of 8.25. Weekly IV of 248%…that is some serious IV priced in!

STMP earnings

#Earnings – Had to work a couple quarters ago to get a profit out of this ticker so going back in again for round two…IV for the week an incredible 194%.

Sold STMP FEB 23 2018 160.0/230.0 Strangles @ 3.20

Stock at 189 with an expected move of 24.30…skewing this slightly bullish.

SVXY

I was exercised over the weekend and last night on a few…

Jun 2018 120 puts (part of 120/105 reverse roll…basis 24.85)
Jan 2019 45 puts (basis 41.52)
Jan 2019 135 puts (part of synthetic with 132 disaster puts….basis 48.55)

VXX

#LongPuts – It’s bouncing so selling my first hedge to begin covering the cost of the long puts. Using a spread just for margin reduction….

Sold VXX MAR 9 2018 38.0/33.0 Bull Put Spreads @ .62

XOM

#SyntheticStock – Different oil stock in a different account. Taking this one way out in time with same size as SLB.

Bought Jan 2020 75/75/72.5 Synthetic Stock @ 7.05 debit

9.55 max loss with 99 weeks to run so .10 per week to cover.

Order in but not filled to sell the hedge for next week…

WMT

#ShortPuts – Thanks guys! I’d go synthetic down here. Selling half size puts now and if it gets there I’ll roll to synthetic. If it doesn’t get there then still make a little.

Sold WMT APR 20 2018 85.0 Puts @ .84

SPX

#RocketManHedge – Still leaving plenty of downside room…core position is a May 2640 long put…

Bought to Close SPX FEB 23 2018 2575.0 Put @ 1.40 (sold for 7.25)

Sold SPX MAR 2 2018 2640.0 Put @ 11.40

CTRP

#SyntheticStock – Could be interesting with earnings this week…

Bought Jan 2019 47/47/45 Synthetic @ 5.50

Max loss 7.50 with 47 weeks to run so 16 cents per week to cover…

So:

Aggressive sale the week after earnings with great premium…

Sold CTRP MAR 2 2018 48.0 Calls @ .75

BABA BIDU CELG MU

#SyntheticStock – Rolling weeklies…

BABA: Feb 16th 182.5 to Mar 9th 187.5 @ .66 credit
BIDU: Feb 16th 242.5 to Mar 2nd 247.5 @ 1.40 credit
CELG: Feb 16th 95.0 to Feb 23rd 96.0 @ .05 credit
MU: Feb 23rd 41.5 to Mar 29th 44.0 @ .23 debit

AAPL

#ShortPuts #Earnings – Three weeks to go and a nice rally. Consdering where these were last week I’m booking. Leftovers from an earnings trade…

Bought to Close AAPL MAR 9 2018 165.0 Put @ .89 (sold for 3.50)
Bought to Close AAPL MAR 9 2018 167.5 Put @ 1.27 (sold for 4.10)

PYPL

#SyntheticStock – Carefully easing the weekly up. I can’t see this thing getting back to it’s all time highs so keeping some downside protection but picking up 1.46 of upside

Rolled PYPL FEB 16 2018 75.5 Calls to MAR 9 2018 77.0 Calls @ .04 debit

SLB

#SyntheticStock – Been looking to get a new one over in the oil patch. Synthetics are pretty diversified so far and this will help even more. I also looked at EOG and HES. Any of them would probably work. Should act as a hedge for my transport (LUV). It’s sitting down in congestion right now but looks to have some upside room.

Jan 2019 67.5/67.5/65 @ 5.35

Max loss: 7.85

48 weeks so need 17 cents average to cover.

#pietrade

TSLA

#ShortStrangles – Currently short June 170/510 and 180/500 strangles. These are decaying nicely so squeezing one more in. Plan is to close before next earnings unless they are looking REALLY safe.

Sold TSLA JUN 15 2018 190.0/470.0 Strangle @ 3.49

Was also looking at Sep 155/520 (highest and lowest strikes)

SHOP

#Earnings – Thanks @Jeff !!

Bought to Close SHOP FEB 16 2018 115.0/150.0 Strangles @ .10 (sold for 1.68)

TSLA

#Earnings – Still messing around with the remnants of the earnings strangle.

Current position was 310/320 strangle @ 8.05

Stock is bouncing so closing the put and rolling the call to a new strangle…

Bought to Close TSLA FEB 16 2018 310.0 Put @ .19

Rolled TSLA FEB 16 2018 320.0 Call to MAR 9 2018 315/355 Strangle @ .41 credit.

Tiny credit overall so now MAR 9th 315/355 @ 8.25

TBT

Are we getting close to a #SyntheticShortStock position?

TLT

#PerpetualRollingStrangles – Lots going on in my TLT position…LOL Been carrying some of these short calls for a long time…(added a few recently too) Rolled DITM puts out to 2020 and way down. I’ll be selling the call side against those for awhile (cautiously!) Also synthetic short and long puts shorter term.

Bought to Close TLT FEB 16 2018 120.5 Calls @ .03 (sold for .49)
Bought to Close TLT FEB 16 2018 121.0 Calls @ .02 (sold for 2.20)

Combined all of those into one big new sale…

Sold TLT MAR 2 2018 120.0 Calls @ .44