#ShortPuts #IRA – Going back into this one…
Sold WDC APR 20 2018 75.0 Put @ 2.80
Sold WDC APR 20 2018 72.5 Put @ 2.10
Sold WDC APR 20 2018 70.0 Put @ 1.55
Author Archives: fuzzballl
SPX
#RocketManHedge – This was the first one I tried as an experiment. Went synthetic short for this one using Jan monthly. Never moved in my favor from the very first day. Just closed the synthetic short position at max loss of 50 points. But…weekly put sales brought in a surprising 56.3 points.
Completely out of it now with a 6.30 winner. Similar trade in March that will hopefully turn out ok. It hasn’t exactly been moving in my favor either…LOL
NUGT
#SyntheticShort – Out most of yesterday afternoon and late into the night. Managed to beat the cyclone into JFK. Get me back to Florida please! Just a beautiful day here. Had a fill yesterday adding to NUGT short and closed front month short puts this morning.
Added Jan 2019 32/32/34 synthetic short/disaster calls @ 9.40 (previously 10.08 at same strikes)
Bought to Close NUGT JAN 5 2018 29.5 Puts @ .03 (sold for .36)
NVDA
#SyntheticStock – Another roll up. Keeping this one ahead of earnings as well and picking up another 2.45 of upside.
Rolled NVDA JAN 5 2018 200.0 Calls to NVDA JAN 19 2018 202.5 Calls @ .05 debit
BABA
#SyntheticStock – Paying a small debit to keep this roll prior to earnings. Still picking up 2.20 of upside.
Rolled BABA JAN 5 2018 177.5 Calls to JAN 19 2018 180.0 Calls @ .30 debit
WYNN
#ShortStrangles and #PerpetualRollingStrangles – Finally pulling back so pairing my short puts up with the 140 strike calls. 30 points inverted with 27.20 premium received all together. Goal now is to start squeezing the inversion in a little or with enough of a pullback roll the calls up and take stock at a 142.80 basis.
Rolled WYNN JAN 5 2018 170.0 Puts to JAN 19 2018 170.0 Puts @ .40 credit
SPX
#RocketManHedge – Still chipping away at this since it looks like the Rocket Man will become a powerful and respected leader throughout civilization… 🙂 🙂
Rolled SPX JAN 10 2018 2660.0 Put to JAN 10 2018 2700.0 Put @ 5.20 credit
Letting my Jan hedge run to expiration with about a 6 point profit…
SWKS
#CoveredCalls – Rolling up and out. TOS estimates earnings in the week I rolled into so IV was up a little. I think it will be the week after so might get a second shot at the earnings roll.
Rolled SWKS JAN 5 2018 98.0 Calls to JAN 19 2018 100.0 Calls @ .40 credit
Crypto Update
#Cryptocurrency – Added ADA (Cardano) tonight and still holding IOTA. Also added a new one called Stellar (XLM). Verge (XVG) is another one that could be a lottery ticket at 13 cents. Out of everything else…gains so far of about 12k. Very small percentage of that still invested so rolling dice with a small amount of house money here.
ETH – Bought at 167 sold at 699
LTC – Bought at 59 sold at 218
RPX – Bought at .26 sold at 2.12 (could eventually be my biggest regret selling)
IOTA – Bought at 3.87 and holding
ADA – Bought at .77 tonight
XLM – Bought at .67 tonight
EDITED…..added XLM and new mention of Verge.
SVXY
#ShortCalls #ReverseRolling – This is the last of the short calls. Only naked calls now are next Jan at 235 and 260.
Rolled SVXY JUN 15 2018 165.0 Calls to SVXY JAN 18 2019 45.0/260.0 Strangles @ .70 credit
SVXY
#ShortCalls #ReverseRolling – Rolling from short calls to aggressive put spreads…
Rolled SVXY JUN 15 2018 155.0 Calls to JAN 18 2019 160.0/135.0 Bull Put Spreads @ .40 credit
SVXY
#ShortPuts -I’m reverse rolling some more calls that are adding downside risk so closing some short puts that were previous reverse rolls of calls quite awhile back. Strictly risk management here…
Bought to Close SVXY JAN 18 2019 40.0 Puts @ 4.10 (sold for 4.20)
SVXY
#ShortCalls – Early roll trying to stay out of the way. Next time will be a roll to a strangle if we don’t get a pullback.
Rolled SVXY JUN 15 2018 170.0 Call to JAN 18 2019 235.0 Call @ .42 credit
REGN
Zero dark thirty start this morning…just got to the hotel. I see one fill so far…
#SyntheticStock – More weekly trades…
Bought to Close REGN JAN 5 2018 397.5 Calls @ .05 (sold for 1.95)
Sold REGN JAN 12 2018 390.0 Calls @ 3.50
Tastyworks news…
#Commissions – Doesn’t help me a whole lot but if you regularly sling more than a 10 lot it’s a big deal.
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Hello, tastynation!
To start off 2018 just right, we want to thank you for your show of unconditional support and irreplaceable loyalty for tastytrade and tastyworks. You are the reason we’re driving change to the financial industry. We’ve not only planned more of what you love, like more live tastytrade shows in 25 cities, more trading tools, more mind-blowing content, more new daily shows – but also stuff that will leave you thinking, “How’d they do THAT?”
tastyworks introduced zero commissions to close trades on Jan 3rd, 2017. Starting tomorrow, on Jan 2nd, 2018, tastyworks is introducing capped commissions for large option trades. This means the most commission you will pay for any single leg option trade is $10* (plus clearing fees). That’s right, just $10* per leg!
Eighteen years ago, when we built thinkorswim, 100 option contracts to open and close was $300+. At the time, we thought $1.50 per contract was cheap. Today, the industry average per contract is about $.70 plus a small ticket charge. So, 100 option contracts today is approximately $150 to open and close at most firms. With tastyworks’ new rate schedule, the same trade will cost $10 in commissions to open, zero in commissions to close and a $20 clearing fee for a total of $30. Compare that rate to any other firm on the planet and remember how good our technology and content is as well. Fees for small options trades (10 contracts or less) stay the same.
But we’re not done. As an added bonus, tastyworks will have twelve monthly drawings for funded accounts (minimum of $2,000) and each month, one customer will win free commissions for 5 years. And no, we haven’t lost our minds. We simply want to do something special and this is just the start.
On the technology side, tastyworks is releasing a new analysis tab, portfolio margin, options on futures, paper trading, an open API, a new scripting language and lots of new mobile features.
So thank you again for the incredible engagement over the past year. You have helped to make tastytrade and tastyworks one of America’s fastest growing financial innovators.
Scott / Woody & the tastyworks team
Kristi / Tom & the tastytrade team
XRP (Ripple)
#Cryptocurrency never closes. Not sure why this thing spiked today but just can’t pass up these kinds of returns in a few weeks.
Sold 3900 XRP @ 2.12 (bought for .26)
Definitely a happy new year!
SVXY
#IRA #ShortPuts – Just in case things get crazy first part of next year I’m booking some winners and getting ready to re-load. This is a small IRA that I use for SVXY only so overall these are nice gains on a smaller account.
Bought to Close SVXY JAN 19 2018 75.0 Put @ .62 (sold for 2.80)
Bought to Close SVXY FEB 16 2018 60.0 Put @ .98 (sold for 2.88)
Bought to Close SVXY MAR 16 2018 60.0 Put @ 1.68 (sold for 3.40)
HIMX
#SyntheticStock – Rolling up and out…
Rolled HIMX DEC 29 2017 10.5 Calls to JAN 12 2018 11.5 Calls @ .03 credit
EWZ
#SyntheticStock – Rolling out and up…
Rolled EWZ DEC 29 2017 39.5 Calls to JAN 19 2018 40.0 Calls @ .06 credit
BIDU
#SyntheticStock – More weekly sales…
Bought to Close BIDU DEC 29 2017 237.5 Calls @ .08 (sold for 1.55)
Sold BIDU JAN 12 2018 237.5 Calls @ 2.78
AMZN
Just for fun taking a shot at JC’s suggestion. Low risk high reward…
Bought AMZN Jan monthly 1110/1100/1090 put butterflies @ .22
That’s risk 22 to make 978 but very low probability IMO…
TAP
#ShortPuts – Booking my highest strikes in an #IRA …
Bought to Close TAP Jan 19 2018 77.5 Put @ .30 (sold for 2.05)
Bought to Close TAP Jan 19 2018 75.0 Put @ .15 (sold for 1.42)
AGQ
Started the #SyntheticShort NUGT trade recently on the gold rally. Silver running too so pulling this one out of the dust bin and watching it again to possibly add a short silver position eventually. Looking at the 36 level for an entry with an add at 40.
ETH
#CryptoCurrency -Risk reduction and booking some gains. Tim Knight suggesting it might re-test the 400 breakout level.
Sold to Close ETH (Ethereum) @ 699.00 (Bought for 167.07)
AVGO
Thanks @Jeff ….I’ll join in with a #ShortStrangles . Worked nicely last time.
Sold AVGO FEB 2 2018 250.0/290.0 Strangle @ 5.00
DISH and REGN
#IRA – Trimming some risk in an IRA and freeing up a ton of margin. Booking a few that I’m either not happy with or have made a high percentage of max. More to come later…
Bought to Close DISH MAR 16 2018 42.5 Put @ 1.30 (sold for 1.50)
Bought to Close REGN Jan 19 2018 350.0 Put @ 1.80 (sold for 5.90)
NTES
#ShortStrangles – Instead of venturing back into NVDA, (still have the #SyntheticStock in a different account) going with one that worked nicely last time and is having a nice down move today. This sale should be well before earnings…
Sold NTES JAN 26 2018 325.0/400.0 Strangle @ 6.20
NVDA
#ShortStrangles – This one has been a little bit of a hassle. Started as a strangle then became a straddle and then an “inverted calendar”. Picking up nice premium all along so booking and looking to re-center just prior to earnings.
Bought to Close NVDA DEC 29 2017 195.0 Call // JAN 12 2018 197.5 Put @ 7.40 (sold for 11.15 total premium)
ADSK
#SyntheticStock – Still selling. Rolled a small earnings loser into synthetic for a repair trade.
Bought to Close ADSK DEC 29 2017 107.0 Calls @ .03 (sold for .79)
Sold ADSK JAN 12 2018 106.0 Calls @ 1.24
SPX
#RocketManHedge – Watching John Carter’s free video last night…he’s expecting a massive rotation after the first of the year and throwing around downside numbers like 2550 (of course he was super bullish on GLD at 123 around Thanksgiving 🙂 ). Just in case this prediction is a little better I’m giving my hedges a little more room. Booked my last aggressive put sale right at the open today and re-selling a little lower.
Bought to Close SPX DEC 29 2017 2695.0 Put @ 8.50 (sold for 12.10)
Sold SPX JAN 10 2018 2660.0 Put @ 6.50
MGM
#SyntheticStock – Squeezing and looking like it wants to go up. Questionable when earnings are but hopefully after where I rolled this. Sitting on a nice profit and picking up another .64 of upside here. May close it all with a break above 35 into the open sky.
Rolled MGM DEC 29 2017 32.0 Calls to FEB 2 2018 32.5 Calls @ .14 credit
TLT
#PerpetualRollingStrangles – Still inverted and still rolling. Collecting premium every month…I call it my #SyntheticDividend … 🙂
Rolled TLT JAN 19 2018 121.0 Calls to FEB 16 2018 121.0 Calls @ .22 credit
Rolled TLT JAN 19 2018 123.0 Calls @ FEB 16 2018 123.0 Calls @ .37 credit
And closed a little bonus trade:
Bought to Close TLT JAN 12 2018 125.0/130.0 Strangles @ .64 (sold for 1.35)
AAOI
#ShortStrangles – Still selling…
Bought to Close AAOI DEC 29 2017 41.0 Calls @ .05 (sold for .85)
Sold AAOI JAN 12 2018 40.0 Calls @ 1.10
BABA
#SyntheticStock – With only half size position in BIDU I’m adding half size in BABA. This all adds up to full size position for China…LOL
Bought to Open BABA JAN 17 2020 175.0 Calls @ 34.72
Sold to Open BABA JAN 17 2020 175.0 Puts @ 29.06
Bought to Open BABA JAN 17 2020 170.0 Puts @ 26.42
This gives a net debit of 32.08 for the Jan 2020 position. Add the 5 point max downside and get a max loss possibility of 37.08. Based on that, and the 107 weeks remaining in the trade I only need to average about 35 cents per week in sales to cover the absolute worst case scenario. And…BABA has great weekly premium.
So:
Sold BABA JAN 5 2018 177.5 Calls @ 1.25
UVXY
#SyntheticShortStock – Rolling short puts out and down to unlock max profit on current position. After the next split will add new shorts in 2019 and 2020 so these puts should be just a small blip on the radar when it’s all said and done.
Rolled UVXY JAN 18 2019 10.0 Puts to JAN 17 2020 5.0 Puts @ 2.74 debit
REGN
#SyntheticStock – Taking my own advice with this one. Sold the covered stock on the bounce and rolling it all into #SyntheticStock. Going in at twice the size for only one fifth of the cash required to hold the stock while drastically reducing risk.
Stock was originally assigned at 470.0 and weeks of call selling has reduced that to a 416.70 basis. Sold the covered stock position this afternoon for 381.40. I’ll roll the 35.30 loss into the basis of the synthetic by adding 17.65 to that cost (since synthetic is twice the size).
Bought to Open REGN JAN 17 2020 400.0 Calls @ 74.06
Sold to Open REGN JAN 17 2020 400.0 Puts @ 71.68
Bought to Open REGN JAN 17 2020 390.0 Puts @ 66.62
Net debit of 69.00 plus 10 dollar downside risk plus 17.65 from existing stock position for a total max loss possibility of 96.65. With 107 weeks for the trade to run only need to sell about 90 cents a week to cover entire worst case scenario.
So:
Sold REGN JAN 5 2018 397.5 Calls @ 1.95
NUGT
#SyntheticShort – Thing’s been on a nice run right up to the 200ma so easing back into a short position. Starting out with about a 40 percent position and going out to Jan 2019. Long GLD so this is a nice hedge that I rode down last time too. I’ll be looking to add the rest of this at NUGT 40 and 45 if we get there…
Sold to Open NUGT JAN 18 2019 32.0 Calls @ 9.04
Bought to Open NUGT JAN 18 2019 32.0 Puts @ 10.69
Bought to Open NUGT JAN 18 2019 34.0 Calls @ 8.43
Net debit of 10.08 with max loss of 12.08. With 55 weeks for the trade to run need to average 22 cents per week to cover worst case scenario.
So:
Sold NUGT JAN 5 2018 29.5 Puts @ .36
IOTA
#Cryptocurrency – Added to my lottery tickets.
Bought to Open IOTA @ 3.86
Still holding:
ETH @ 160.66 basis (Ethereum)
LTC @ 56.94 basis (Litecoin)
XRP @ .254 basis (Ripple)
All for fun….skipping the blackjack tables next couple times through Vegas 🙂 🙂
REGN
Currently in stock with #CoveredCalls but chart looking interesting for going synthetic here. Building a nice base with great weekly premium. Slightly underwater on the stock so looking at rolling into synthetic at double size similar to EWW earlier. Much much lower cash outlay and much much less downside risk on the synthetic.
EWW
Been a great ticker this year but odds caught up with me and was early exercised on Jan monthly 54 strike puts. Sold the covered stock on the bounce and rolling it all into #SyntheticStock. Going in at twice the size for only one fifth of the cash required to hold the stock.
Stock when assigned was at a 51.70 basis and sold for 47.65 this morning. I’ll roll the 4.05 loss into the basis of the synthetic by adding 2.03 to that cost (since synthetic is twice the size).
Bought to Open EWW JAN 17 2020 48.0 Calls @ 6.90
Sold to Open EWW JAN 17 2020 48.0 Puts @ 6.79
Bought to Open EWW JAN 17 2020 46.0 Puts @ 5.65
Net debit of only 5.76 plus 2 dollar downside risk plus 2.03 from early exercise loss for a total max loss possibility of 9.79. With 107 weeks for the trade to run only need to sell about 9 cents a week to cover entire max loss.
So:
Sold EWW JAN 12 2018 49.0 Calls @ .34
SVXY
This was originally a #TakeOneForTheTeam trade. I tried…LOL Seemed to help a little at least. Booking it for good gain and looking to sell similar on next pullback.
Bought to Close SVXY DEC 29 2017 130.0/125.0 Bull Put Spreads @ 1.19 (sold for 2.98 and 2.80)
AAPL
#SyntheticStock – Taking advantage of the pullback to book this one. Been fighting the front month ITM calls for awhile. Good chance to close it for a nice winner and look to reset possibly after earnings.
Sold to Close AAPL JAN 17 2020 155.0 Puts / 155.0 Calls Synthetic Stock @ 18.10
Sold to Close AAPL JAN 17 2020 145.0 Disaster Puts @ 10.70
Bought to Close AAPL FEB 2 2018 167.5 Calls @ 7.45
Net credit to close of 21.35. Basis in the position after other front month sales was 17.38
Net gain of 3.97 per spread. I’ll take it considering the front month sales have been DITM from almost the very beginning.
Merry Christmas!
I’m done for the day and heading to the other job shortly. Duty calls…plane load wanting to go JFK out to Vail Colorado today. Wish I could stay and ski but it’ll be a short night and back at it tomorrow.
Have a great weekend and a great Christmas!!
NVDA
#ShortStrangles – Been selling these against Jan 197.5 puts. Killing time until earnings gets here.
Rolled NVDA DEC 22 2017 192.5 Call to DEC 29 2017 195.0 Call @ 1.02 credit.
WYNN
#ShortStrangles and #PerpetualRollingStrangles – Still selling against Jan 140 strike DITM calls. I may take stock closer to Jan expiration but still just premium collecting for now.
Rolled WYNN DEC 22 2017 170.0 Puts to JAN 5 2018 170.0 Puts @ 1.75 credit
Total credit on these now up to 8.60 and total credit sold against the calls now up to 26.80. The goal will be to get a nice roll up of the calls into earnings with another nice put sale to go along with it. Could close the whole thing for a scratch but trying to keep most of it as the calls get rolled up.
GLD
#SyntheticStock – Looks like it’s sell Bitcoin and buy gold now…LOL. Rolling up and out a little with the break above the 200ma.
Rolled GLD DEC 22 2017 120.0 Calls to FEB 2 2018 122.0 Calls @ .25 credit
SPX
#RocketManHedge – Final sale on the Jan hedge. Going out to where the short 2570 position is and selling just under it locking in the gains. Could be more though with a pullback below 2575.
Sold to Open SPX JAN 19 2018 2565.0 Put @ 3.60
Max loss was 50 points with total premium received of 56.30…
STMP
#Earnings #ReverseRolling – Glad to be out of this at even. Originally was an earnings strangle that took some heat. Rolled the threatened side out to a strangle a few weeks ago. Needed to get out at .30 or less for breakeven.
Bought to Close STMP DEC 29 2017 160.0/195.0 Strangle @ .20
LRCX
#ShortStrangles – Booking it and looking to re-center and re-sell just before earnings.
Bought to Close LRCX JAN 12 2018 160.0/200.0 Strangle @ 1.03 (sold for 4.30)
NTES
#ShortStrangles – Booking it and looking to re-center and re-sell just before earnings.
Bought to Close NTES JAN 5 2018 315.0/425.0 Strangle @ 1.20 (sold for 5.50)
EWZ
#ShortStrangles – Taking another one off at close to min….
Bought to Close EWZ JAN 5 2018 37.0/43.0 Strangles @ .11 (sold for .82)
AAPL
#SyntheticStock – Looking like #Earnings on Feb 2nd so rolling there. With the help of the higher IV getting another 2 bucks of upside for a small debit. After they announce will have to see what to do then.
Rolled AAPL JAN 19 2018 165.0 Calls to FEB 2 2018 167.5 Calls @ .41 debit
Using some of my front month premium sales to pay the debit. Still have 1.86 in the bank for future rolls.
SPX
#RocketManHedge – This should get us the pullback we need… #TakeOneForTheTeam … since my ITM SVXY put spreads aren’t helping let’s try something new. Selling against my March hedge.
Bought to Close SPX DEC 22 2017 2670.0 Put @ .95 (sold for 9.20)
Sold SPX DEC 29 2017 2695.0 Put @ 12.10
EDIT…ITM SVXY put spreads…
SPX
#RocketManHedge – This was sold against my Jan hedge. Max loss more than covered now. Waiting on some weakness for one last sale…
Bought to Close SPX DEC 22 2017 2640.0 Put @ .20 (sold for 3.70)
AVGO
#ShortStrangles – Bought to Close AVGO DEC 29 2017 250.0/290.0 Strangle @ .30 (sold for 3.10)
ADSK
#SyntheticStock – Here’s the details on the early assignment long stock roll to synthetic trade repair…
Sold ADSK JAN 18 2019 105.0 Puts @ 13.78
Bought ADSK JAN 18 2019 105.0 Calls @ 16.01
Bought ADSK JAN 18 2019 100.0 Puts @ 11.36
This gives a net debit of 13.59 for the Jan 2019 position. Add the 5 point max downside and get a max loss possibility of 18.59. Add the loss of 9.62 from the rolled position and max risk jumps to 28.21.
Based on that, and the 56 weeks remaining in the trade I need to average about 50 cents per week in sales to cover the absolute worst case scenario. I’m currently using an equal size trade as the previous one but considering doubling the size to possibly sell more conservative weeklies and/or get back to even sooner.
So:
Sold ADSK DEC 29 2017 107.0 Calls @ .79
TLT
#PerpetualRollingStrangles – Missed out a couple days ago on covering my short puts that I’ve been rolling forever. Could’ve booked them at nearly 80 percent of max. Got greedy and held. Of course now TLT is tanking so it’s back to rolling along inverted until one side gets taken out. Either way, should still be close to 150 percent gain on margin for the year.
Yesterday:
Rolled 130 puts to Feb for .51 credit
Rolled 127 puts to Jan for .42 credit
ADSK
#ShortStrangles – Assigned early on some ITM puts. To reduce margin and downside risk I’ve covered the entire position and rolled it into Jan 2019 #SyntheticStock . Stock is really weak and I doubt if covered call writing will keep up if it really implodes. This buys some time and makes for a much more relaxed (and safer) way to evenyually turn this into a winner. I’ll post the whole thing later but long story short…will only require selling about 35 cents a week to cover worse case scenario.
SWKS
#CoveredCalls – Assigned early on Jan monthly puts…I’ve got a stop on next weeks short calls @ 25 percent of max so selling the next round a little early.
Sold SWKS JAN 5 2018 98.0 Calls @ 1.25
SVXY
#ShortPuts – Last of the cheapies gone…
Bought to Close SVXY JAN 19 2018 42.5 Put @ .25 (sold for 2.10)
CSX
Not going to be around much this week but CSX setting up for possible #Fuzzy …
SPX hedge in March
#RocketManHedge – Moving from Monday out and up to next Friday. New sale is aggressive at the same strike as my synthetic short…
Bought to Close SPX DEC 18 2017 2650.0 Put @ .85 (sold for 5.40)
Sold SPX DEC 22 2017 2670.0 Put @ 9.20
ADBE fat finger
#Earnings – This would’ve been almost a perfect position…..IF I would’ve sold the correct week. Oops…sold next week instead. A mistake but a small winner! Get ’em next time.
Bought to Close ADBE DEC 22 2017 172.5/177.5/182.5 Iron Fly @ 3.50 (sold for 4.10)
ADBE
#Earnings – Risk 90 to make 410. Going slightly bullish due to lack of dollar wide strikes. 5 wide with a 6.70 expected move.
Sold ADBE DEC 22 2017 172.5/177.5/182.5 Iron Fly @ 4.10
SVXY
#ShortPuts #IRA – Cue up the chicken! I may look crazy closing some of these but there’s a couple reasons I do it. It all goes back to a golf tournament a couple years ago. Had sketchy cell phone service and late for Thursday tee time. Glanced at my phone and managed to see a short REGN call worth a dime prior to the open. Blew it off and an hour later up on a hill got service back and the thing was worth over 10 dollars after massive opening rally. No more for Fuzzy…
And trying to stay within my self imposed strict margin limits…
Bought to Close SVXY DEC 15 2017 90.0 Put @ .04 (sold for 2.46)
BIDU
#SyntheticStock – Another week…I’ll keep the position even though Dan over at OMM is shorting anything in site tech related that’s broken down. He could be right if these dead cat bounces roll over.
Bought to Close BIDU DEC 15 2017 240.0 Calls @ .05 (sold for 4.85)
Sold BIDU DEC 29 2017 237.5 Calls @ 1.55
EDIT…of course he’s buying TSLA calls today after the stock fired out of a daily squeeze four days ago and is up 15 percent in a week. It could very well work too but not my cup ‘a tea…
EWZ
#SyntheticStock – Another week…
Bought to Close EWZ DEC 15 2017 39.5 Calls @ .06 (sold for .72)
Sold EWZ DEC 29 2017 39.5 Calls @ .33
SPX
#RocketManHedge #FuzzyBear – This is my first one that expires in Jan. Gradually scaling back to slightly more conservative selling. Moving this from next Monday to Friday…
Bought to Close SPX DEC 18 2017 2625.0 Put @ .50 (sold for 5.40)
Sold SPX DEC 22 2017 2640.0 Put @ 3.70
Original position sitting at max loss of 50 points. Total premium received is now 57.70 with another month to run…
WDC
#ShortStrangles #BullPutSpreads – Taking some risk off on the bounce to resistance. Watching to re-enter possibly as #SyntheticStock …
Bought to Close WDC JAN 19 2018 85.0/80.0 Bull Put Spreads @ 2.19 (sold for 3.75)
Bought to Close WDC DEC 29 2017 82.5 Puts @ 1.33 (sold for 1.55)
ADSK
#ShortStrangles – Former earnings trade slightly underwater but not by much…replacing this week’s.
Bought to Close ADSK DEC 15 2017 109.0 Calls @ .05 (sold for 1.21)
Sold ADSK DEC 29 2017 109.0 Calls @ 1.14
NVDA
#ShortStrangles – Had a strangle that became a 200.0 straddle @ 7.75 credit received. Couldn’t quite work it’s way back to even so rolling put out and down and selling weeklies against it.
Rolled NVDA DEC 15 2017 200.0 Put to JAN 12 2018 197.5 Put @ .37 credit
Bought to Close NVDA DEC 15 2017 200.0 Call @ .04 (part of the straddle sold for 4.57)
Sold NVDA DEC 22 2017 192.5 Call @ 2.05
AAOI
#ShortStrangles – Slow and steady working my way back…
Bought to Close AAOI DEC 15 2017 42.5 Calls @ .05 (sold for 1.15)
Sold AAOI DEC 29 2017 41.0 Calls @ .85
TSLA
#ShortStrangles – I don’t think it’s going to zero so balancing out my 500 and 510 short calls…
Sold TSLA JUN 15 2018 180.0 Put @ 1.95
ISRG
#ShortStrangles – Short term but aggressive. Counting on the 100ma and the all time highs to contain this. This is also a couple weeks before next earnings…
Sold ISRG JAN 12 2018 350.0/400.0 Strangle @ 6.00
REGN
#CoveredCalls – Pounded this thing all the way down. It’s now back above the 20ma and looking like it could continue. Getting out of the way but keeping it just short of next earnings. Saving the high IV for another roll if needed.
Rolled REGN DEC 29 2017 385.0 Call to REGN JAN 19 2018 400.0 Call @ .53 debit
Options Bistro 