#Leak ? 🙂 That’s not possible!
Author Archives: fuzzballl
GS
#SyntheticStock – Textbook pop out of a nice squeeze. Actually gave it some room with the first weekly sale. 9 days so booking and looking to reset on any weakness.
Sold to Close GS Jan 2019 260/260/250 synthetic stock
Bought to Close GS Feb 2018 275 calls
6.17 per contract net gain…
PYPL
#Earnings repair trade with #SyntheticStock – Well…the put sales were looking ok until the Ebay announcement came out so we’re now in repair mode with this one. I really thought the stock would be down even further so not bad so far.
The put sales brought in 600 and the cost to close was 2330 for net loss of 1730. I’ve set up a synthetic with 10 contracts so I’ll add 1.73 to my total cost of the position.
Sold PYPL JAN 18 2019 80.0 Puts @ 9.47
Bought PYPL JAN 18 2019 80.0 Calls @ 10.28
Bought PYPL JAN 18 2019 77.5 Puts @ 8.64
This gives a net debit of 9.45 for the Jan 2019 position. Add the 2.5 point max downside and the 1.73 put sale loss and get a max loss possibility of 13.68. Based on that, and the 50 weeks remaining in the trade I only need to average about 27 cents per week in sales to cover the absolute worst case scenario.
So:
Sold PYPL FEB 9 2018 81.5 Calls @ .77
BABA Earnings
#Earnings -Bouncing now but order filled before I could get to it. Breakeven after commissions…
Bought to Close BABA FEB 2 2018 195.0 Puts @ 1.95 (sold for 2.00)
But…the selling is good for my synthetic with weekly call sale ITM…
FB Earnings
#Earnings – I’ll take this as a gift based on the initial reaction of the stock. Zuck bailed us out on the conference call…
Bought to Close FB FEB 2 2018 177.5/202.5 Strangles @ .17 (sold for 2.20)
PYPL Earnings
#Earnings – Great timing…LOL
Plan for now is to close the short puts (depending on how the open goes). Then…open synthetic stock positions in EBAY and PYPL out to next Jan. Should only add a few pennies to the weekly sales requirement to cover it.
We shall see….
FB
SPX
#RocketManHedge – Great market for these…double dip selling Friday.
Bought to Close SPX JAN 31 2018 2820.0 Put @ 0.30 (sold for 5.00)
Sold SPX FEB 2 2018 2820.0 Put @ 7.00
PYPL Earnings
#Earnings – Wouldn’t mind getting into #SyntheticStock on a pullback so aggressively selling half size here. Maybe get lucky and it takes off, otherwise double up and load up lower.
Sold PYPL FEB 2 2018 85.0 Put @ 1.92
Sold PYPL FEB 2 2018 84.0 Put @ 1.50
Sold PYPL FEB 2 2018 83.0 Put @ 1.13
Sold PYPL FEB 2 2018 82.0 Put @ 0.86
Sold PYPL FEB 2 2018 81.0 Put @ 0.64
AAPL Earnings
#Earnings – Earlier in the week sold some fairly aggressive puts at 170, 167.5, and 165 bringing in nice premium. Just to make sure I have a reasonable starting point to enter a synthetic stock position if it tanks, I’m using a small portion of the premium received to buy some protection down at a twice the expected move level. I wouldn’t think it would ever go that low but then again I didn’t think I’d be running from hurricane IRMA for 10 days either…LOL Buying a little insurance while the sun is shining… 🙂
Sold 3 puts originally and buying 5 puts here.
Bought AAPL FEB 2 2018 155.0 Puts @ .27
AMD Earnings
Breakeven after commissions…
Bought to Close AMD 12/12.5/13/13.5 iron flies @ .40 (sold for .44)
WYNN
#ShortStrangles – Going in again after booking yesterday. Re-centering below the 200ma and near all time highs…
Sold WYNN MAR 9 2018 140.0/195.0 Strangles @ 2.38
JNPR
#Earnings – Nice pullback after hours. Could be one to consider tomorrow…
AMD Earnings
#Earnings – Selling tight iron fly…
Sold 12.5/13/13.5 @ .44 (risk 6 to make 44)
SVXY
#SyntheticStock – These are very low margin and low risk. Adding one or two more about every 20 point drop for now.
Added Jan 2019 115/115/112.5 Synthetic @ 34.50
37 max loss with 51 weeks to go. Need .73 per week for worse case so:
Sold Feb 2nd 120 calls @ 1.22
SVXY
#ShortPuts – Sold 1 SVXY APR 20 2018 70.0 Put @ 3.52
TLT
#SyntheticShortStock – Small roll of the weeklies…
Rolled TLT FEB 16 2018 122.5 Puts to TLT MAR 2 2018 122.0 Puts @ .12 credit
MU
#SyntheticStock – Aggressive sale so if these catch any heat my AAPL should be looking good…
Bought to Close MU FEB 2 2018 44.5 Calls @ .18 (sold for .60)
Sold MU FEB 9 2018 43.0 Calls @ .98
NUGT
#SyntheticShortStock – Only hedged on half the core but rolling it down a little anyway…
Rolled NUGT FEB 9 2018 32.5 Puts to NUGT FEB 16 2018 32.0 Puts @ .14 credit
WYNN
#ShortStrangles – Nice gain in 24 hours…I’ll book it.
Bought to Close WYNN FEB 16 2018 140.0/180.0 Strangles @ 2.29 (sold yesterday for 3.95)
/VX VIX Futures
#Futures – Scalp good for a half point…
Sold /VXG8 @ 14.25
Bought /VXG8 @13.75
URI Earnings
#Earnings -Missed my chance to close this a couple days ago. Unloading it here for breakeven and covering commissions…
Bought to Close URI FEB 9 2018 172.5 Puts @ 2.20 (sold for 2.25)
NFLX
#ShortStrangles – Let’s see if the gap holds…
Sold NFLX FEB 16 2018 260.0/340.0 Strangles @ 3.30
CELG
#SyntheticStock – Saw it on @smasty ‘s update and like the looks of it. Nice income and a tight squeeze also. Going out a little further just in case more time is needed to cover max loss.
Synthetic Stock:
Sold CELG JUL 20 2018 105.0 Puts @ 9.08
Bought CELG JUL 20 2018 105.0 Calls @ 8.28
Bought CELG JUL 20 2018 100.0 Puts @ 6.65
This gives a net debit of 5.85 for the Jul 2018 position. Add the 5 point max downside and get a max loss possibility of 10.85. Based on that, and the 24 weeks remaining in the trade I only need to average about 45 cents per week in sales to cover the absolute worst case scenario.
So:
Sold CELG FEB 9 2018 106.0 Calls @ 1.11
WYNN
#ShortStrangles – IV still hanging in there. I’ll take a starter to see where it goes…
Sold WYNN FEB 16 2018 140.0/180.0 Strangles @ 3.95
SVXY
#SyntheticStock – Going for a double dip this week…
Bought to Close SVXY FEB 2 2018 138.0 Call @ .05 (sold for 1.80)
Bought to Close SVXY FEB 2 2018 136.0 Calls @ .09 (sold for 1.40)
Sold SVXY FEB 2 2018 128.5 Calls @ .93
AAOI
#SyntheticStock – Added a synthetic stock position on Friday (Jan 2019 35/35/30) and still keeping my other repair trade. Any decent bounce and maybe I can get out of this sooner. Not happening today though…
Bought to Close AAOI FEB 2 2018 37.5 Calls @ .05 (sold for .35)
Sold AAOI FEB 9 2018 35.0 Calls @ .60
AAPL earnings
SPX
#RocketManHedge – Posting from seat 14F somewhere above and slightly west of @Iceman … 🙂
This sale insures a breakeven on my March hedge….still may eventually roll it around a little more to possibly make a buck or two…
Bought to Close SPX JAN 31 2018 2750.0 Put @ .30 (sold for 3.70)
Sold SPX MAR 16 2018 2725.0 Put @ 13.50
Expiration
#OptionsExpiration – Same as last week…LOL
Sizable position so letting it run the distance.
HIMX 10.5 calls (sold for .32)
ISRG
#ShortPuts – Just staying involved in this one…
Sold 1 ISRG MAR 16 2018 370.0 Put @ 2.60
WYNN
#ShortPuts #IRA – Sold WYNN JAN 18 2019 100.0 Put @ 2.45
WYNN
Uh oh…glad I got out. Could be a great opportunity though. Steve Wynn getting a little handsy.
AAOI
#ShortStrangles – Still chugging along in the repair trade. For the first time in months I’m actually having to roll up and out. Earnings not until Feb 21.
Rolled Jan 26 34.5 calls to Feb 9th 35.5 calls @ .37 credit
MU
#SyntheticStock – Joining in on this popular ticker. Thanks @mortlightman for the reminder this morning. Saw it on @smasty ‘s update last night too but forgot. Going out a little further just in case more time is needed to cover max loss.
Synthetic Stock:
Sold MU JUL 20 2018 43.0 Puts @ 4.73
Bought MU JUL 20 2018 43.0 Calls @ 5.56
Bought MU JUL 20 2018 41.0 Puts @ 3.77
This gives a net debit of 4.60 for the Jul 2018 position. Add the 2 point max downside and get a max loss possibility of 6.60. Based on that, and the 25 weeks remaining in the trade I only need to average about 26 cents per week in sales to cover the absolute worst case scenario.
So:
Sold MU FEB 2 2018 44.5 Calls @ .60
MAT
#SyntheticStock – Earnings next week. If we get a little run up to a flat delta I’ll book it before. Keeping the sale tight and since it’s in an #IRA I have to close before I can re-sell.
Bought to Close MAT JAN 26 2018 17.5 Calls @ .05 (sold for .27)
Sold MAT FEB 2 2018 17.5 Calls @ .85
ISRG
WDC
#Earnings – Getting out while I’ve got a chance…
Bought to Close WDC JAN 26 2018 86.5/93.0 Strangles @ .45 (sold for 1.94)
LUV
#SyntheticStock – Don’t want all of my eggs in the AAL basket so taking a shot with LUV…
Synthetic Stock:
Sell to Open LUV JAN 18 2019 60.0 Puts @ 5.89
Bought to Open LUV JAN 18 2019 60.0 Calls @ 6.64
Disaster Puts:
Bought to Open LUV JAN 18 2019 57.5 Puts @ 4.75
This gives a net debit of 5.50 for the Jan 2019 position. Add the 2.50 point max downside and get a max loss possibility of 8.00. Based on that, and the 51 weeks remaining in the trade I only need to average about 16 cents per week in sales to cover the absolute worst case scenario.
Giving it a little breathing room in the beginning until I see how the recovery goes:
Sold LUV FEB 2 2018 61.5 Calls @ .41
WDC
#Earnings – Total crapshoot here. Playing it bullish but have no clue…only theory is short puts are easier to deal with on a big move than short calls. 🙂
Sold WDC JAN 26 2018 86.5/93.0 Strangles @ 1.94
ISRG
#Earnings – Playing it at the expected move to the downside and twice the expected move to the upside…
Sold ISRG JAN 26 2018 425.0/490.0 Strangle @ 4.75
REGN
#SyntheticStock – Rolling weeklies again into earnings week as high as I can for a credit…
Rolled Feb 2nd 390 calls to Feb 9th 400 calls @ .31 credit
Rolled Feb 2nd 395 call to Feb 9th 407.5 call @ .19 credit
VRX
#SyntheticStock – One of my last ones where the weekly was run over from almost the second I set the trade. Been running negative deltas for awhile. This pullback is giving me a chance to get out at even. Lousy fills out in 2020 or would’ve been a decent profit.
Sold Jan 2020 15/15/12 synthetic stock
Bought Apr 2018 16 calls
Made $36.50 after commissions! 🙂 🙂
UNG
#SyntheticShortStock – Still messing around in the tastyworks account. I think I could get used to it. After seeing the commissions and fees it’s looking like an average of about 56 cents per contract with each leg capped at 10 dollars.
Sold UNG Feb 16 2018 25.0 Puts @ .63
UNP
#ShortPuts – Throwing these in the divvy part of the #401k ….
Sold UNP May 18 2018 125.0 Put @ 3.70
Sold UNP May 18 2018 120.0 Put @ 2.45
REGN
#SyntheticStock – Clearing the 50 ma and looking like it’s finally getting some air under it. Rolling weekly out and up. All weeklies are now next week with earnings the following week. Lots of options going into that high IV.
Rolled REGN JAN 26 2018 380.0 Call to FEB 2 2018 390.0 Call @ 1.70 debit
FFIV LRCX Earnings
#Earnings – Worked great…I’m out and moving on down the road towards ISRG and WDC.
Bought to Close FFIV JAN 26 2018 130.0/155.0 Strangles @ .19 (sold for 1.33)
Bought to Close LRCX JAN 26 2018 200.0 Put @ .05 (sold for 1.80)
Bought to Close LRCX JAN 26 2018 202.5 Put @ .65 (sold for 2.70)
UNG
#SyntheticShortStock – Missed another one from earlier. Filled in tastyworks account. Is there a way to get text alerts on fills there?
Bought to Close UNG Jan 26 2018 24.0 Puts @ .01 (sold for .22)
TXN
#ShortPuts #IRA – Missed this one earlier…
Sold TXN APR 20 2018 105.0 Put @ 3.00
EXAS
#SyntheticStock – Delta was approaching zero so closing and hoping for a pullback to reset…or might reset anyway 🙂
Closed July 50/50/48 synthetic
Closed Jan 26th 51 calls
Net gain of 75 cents on a six day trade. Thanks guys (and gals)!
URI earnings (sort of)
GWW
Hey @Iceman ….how’s those GWW short puts looking? Completely missed this earnings trade yesterday.
🙂 🙂
NUGT
#SyntheticShortStock – Adding to the short at original strikes for simplicity. Just averaging down on the debit..
Added to Jan 2019 32/32/34 synthetic short @ 7.80 debit
VRX
#UOA – Alert saying bullish but I’m not sure why…LOL @smasty ? Any ideas?
ISRG
#CoveredCalls -This was a reverse roll of a strangle where the call side got blown out and then turned into covered stock. Finally back to a decent profit. Debating on holding it through earnings but finally decided to unload it and set up a new earnings play on the ticker tomorrow.
Sold to Close ISRG JAN 26 2018 420.0 Call Covered Stock @ 415.50 (bought for 410.45)
LRCX
#Earnings -Thanks @Jeff ….almost forgot about this one. Selling put side for now.
Sold LRCX JAN 26 2018 202.5 Put @ 2.70
Sold LRCX JAN 26 2018 200.0 Put @ 1.80
This is about one third size of what a #Fuzzy would be so if the stock implodes well below these I’ll set up a Fuzzy down there wherever it ends up…or possibly roll the puts if not too DITM.
SVXY
#ShortPuts – Sold SVXY MAR 2 2018 100.0 Put @ 2.55
NFLX
#Earnings – Trading between the inverted strikes for now. To make room for other earnings plays booking with a small profit.
Bought to Close NFLX JAN 26 2018 260.0/252.5 Inverted Strangles @ 10.65 (sold for 11.05)
TLT
#SyntheticShortStock – Uncovering the #FuzzyBear ….
Bought to Close TLT JAN 26 2018 122.5 Puts @ .44 (sold for .30)
GLD
#SyntheticStock – I should be really enjoying this gold run but not so much. Another weekly sale that’s absolutely gotten run over. Rolling the whole thing up to get back to long deltas but still leave a little cushion for a pullback. Disaster puts were only 2 points below so leaving them in place for now.
Rolled Jan 2020 122/122 synthetic up to 124 (leaving 120 puts in place)
Rolled Mar 2018 124 calls up to 126
All for .35 credit…
SVXY
#SyntheticStock – Weekly sales…
Bought to Close SVXY JAN 26 2018 139.0 Calls @ .10 (sold for 1.85)
Sold SVXY FEB 2 2018 136.0 Calls @ 1.40
NUGT
#SyntheticShortStock – Selling cautiously against the short. Getting close to adding to it…
Bought to Close NUGT FEB 2 2018 28.0 Puts @ .05 (sold for .55)
Sold NUGT FEB 9 2018 32.5 Puts @ .45
Airlines
#FallingKnife possibilities tonight. I think the UAL conference call mentioned a slight increase in capacity and everything sold off after hours…
AAL UAL LUV DAL all down…
FWIW
SAGE
Another big #Squeeze setting up. Kinda scary though with the move it’s already had but looks like it wants to go up…
MAT
@Iceman – Nice catch on this one!
AMZN
#SyntheticStock – This trade makes me a little queasy thinking about how much the weekly sale has cost me…LOL. The synthetic originally started at 1000 and has been blocked ever since after a few initial call sales. Rolling up again to keep some long deltas but leave a lot of downside room. Should make weeklies easier to roll up IF the stock ever quits going up.
Rolled Jun 2019 1150/1150 synthetic up to 1250/1250
Rolled Jun 2019 760 disaster put to 810
Rolled Feb 1110 short call to Feb 1210 short call
Whole package cost 1.63 debit but gets the position sitting a little better for rolling…
UNP
Bearish UOA alert…I see lots of calls being thrown around in March. Not sure what’s going on.
GS
#SyntheticStock – He’s got me convinced…LOL. Staying small so not a lot of risk.
Sold GS JAN 18 2019 260.0 Puts @ 22.50
Bought GS JAN 18 2019 260.0 Calls @ 25.35
Bought GS JAN 18 2019 250.0 Puts @ 18.08
This gives a net debit of 20.93 for the Jan 2019 position. Add the 10.00 point max downside and get a max loss possibility of 30.93. Based on that, and the 51 weeks remaining in the trade I only need to average about 61 cents per week in sales to cover the absolute worst case scenario.
Giving it a lot of breathing room in the beginning until I see how the squeeze plays out:
Sold GS FEB 16 2018 275.0 Calls @ .95
JPM GS
Whiz still big time bullish on banks and still telling people to get in JPM. GS in a pretty tight squeeze here. Maybe take a small shot? JPM just looks too extended…
SVXY
#SyntheticStock #IRA – Posted the details last week with all the nuts and bolts. Adding 1 for fun…
Bought Jan 2019 SVXY 135/135/132.5 Synthetic Stock / Disaster Put @ 38.35
About 80 cents a week to cover worse case scenario…
Sold SVXY FEB 2 2018 138.0 Call @ 1.80
UVXY
#BearCallSpreads #IRA – Closing some more that are using a lot of margin without much profit left to make.
Bought to Close UVXY JAN 18 2019 45.0/55.0 Bear Call Spreads @ .33 (sold for 1.32)
Bought to Close UVXY JAN 18 2019 60.0/75.0 Bear Call Spreads @ .32 (sold for 1.73)
REGN
#SyntheticStock -Got a little cash to put to work now and this one is finally starting to perk up. Not the strikes I would normally use but since it’s an add to an existing position I’ll use the same ones but getting in for about 3 dollars less.
Bought REGN Jan 2020 400/400/390 Synthetic Stock / Disaster Put @ 66.25
Sold REGN FEB 2 2018 395.0 Call @ 2.50
Posted all the details in the original trade but about 90 cents a week to cover worse case scenario.
WYNN so long old friend
#PerpetualRollingStrangles – Well…it’s with a heavy heart I bid farewell (for now) to an old friend. Been in the starting lineup for about 15 months. Just a little ‘ol 3 lot strangle that’s been rolled around and rolled around plugging away day after day. Reversed it into a bull put spread and now with the big run up I’m booking the whole thing.
Great trade on the reverse roll but not so hot on selling the calls above it yesterday. Still a nice winner…
Bought to Close WYNN FEB 16 2018 200.0/170.0 Bull Put Spreads @ 5.81 (sold for 16.70)
Bought to Close WYNN JAN 26 2018 195.0 Calls @ 5.75 (sold for 1.00)
Net gain of 6.14 on this 5 lot. The (very good) news is the total profit this ticker has generated since the beginning. Averaging a 3 lot the entire time premium received was just north of 40 points carrying about 5k margin during the run.
RIP WYNN (for now)
NFLX earnings
#Earnings – Going aggressive here. Premiums are nice in this thing so wouldn’t mind rolling it into synthetic stock if I have to. For now going inverted on the earnings strangles. Closing the original put sales also. Definitely early if the stock stays weak the next 3 days but plenty of premium to work with…as I’m typing it’s selling off so not a great adjustment yet. LOL
Bought to Close NFLX JAN 26 2018 200.0 Put @ .05 (sold for 1.68)
Bought to Close NFLX JAN 26 2018 202.5 Put @ .05 (sold for 2.13)
Bought to Close NFLX JAN 26 2018 205.0 Put @ .03 (sold for 2.69)
I’ll roll all those into the basis of the new strangles.
Sold NFLX JAN 26 2018 260.0 Puts @ 9.00
Now 260/252.5 inverted @ 11.05 breakeven 249 to 263.50
TLT
#PerpetualRollingStrangles – Using this pullback to get out of a few of my short calls that have been DITM for quite awhile. I’ve got my July #FuzzyBear to help protect to the downside now…
Bought to Close TLT FEB 16 2018 123.0 Calls @ 1.70 (sold for 2.45)
Options Bistro 