#OffTopic – Aw man….saw him a few times. That sucks.
https://chicago.suntimes.com/news/tom-petty-on-life-support-after-being-found-unconscious-tmz/
Author Archives: fuzzballl
VXX
#LongPutDiagonals #SyntheticShortStock – Rolling the whole position for now. On this one looking at maybe later on rolling half to 2019 ITM call spreads @ even (possibly around a 20/30 BeCS) and just regular rolling the other half.
Rolled VXX OCT 20 2017 42.0 Puts to JAN 19 2018 38.0 Puts @ .80 credit
UVXY
The #LongPutDiagonals may be slightly disappointing with their performance but these sure aren’t!
Bought to Close UVXY OCT 20 2017 50.0/65.0 Bear Call Spreads @ .08 (sold for 1.20)
UVXY
#LongPutDiagonals #SyntheticShortStock – Taking my medicine on this one…tired of looking at it. Spending some of the front month premium received to roll way out and down.
Rolled UVXY JAN 19 2018 20.0 Puts to JAN 18 2019 10.0 Puts @ 1.47 debit.
Weekly puts had brought in 2.87 so leaving 1.40 in credit on these which caps my gains to the downside at 8.60.
So…synthetic short at 30.00 with max gain capped at 21.40 points with UVXY below 8.60 on the downside.
21.40 max gain minus the cost of the trade of 16.30 leaving a gain of 5.10 per spread. Ok but not great. It was done in a big enough size to definitely make it worthwhile. I think @vxxkelly has the right idea on this one…set it and look at it again in a year without messing with any front month positions.
Hey…what can I say?…LOL It was an experiment that hopefully everyone that tried it makes a little with almost zero stress in the trade!
🙂 🙂
EWW
#PerpetualRollingStrangles – Just another roll for a small credit. Sold against Dec 51 calls…
Rolled EWW OCT 6 2017 56.0 Puts to NOV 17 2017 55.0 Puts @ .15 credit
UAA
#CoveredCalls -What a dog…just gotta keep chipping away at it.
Sold UAA APR 20 2018 22.5 Calls @ .40
REGN
#ShortPuts – Nice bounce today. Instead of rolling my 470 put I’ll be taking stock at a basis of 447 covered with an Oct 460 call sold early a couple weeks ago. Wild swings in this thing! Earnings estimated to be Nov 3rd…
ISRG
https://www.fool.com/investing/2017/08/20/intuitive-surgical-stock-split-everything-you-need.aspx
SVXY
#CoveredCalls – Keeping a little stock for at least a couple more weeks…
Rolled SVXY SEP 29 2017 91.5 Calls to OCT 13 2017 93.0 Calls @ 1.73
AAPL
#LongCallDiagonals #SyntheticStock -Yesterday…been waiting for some sort of a pullback to get in this long term Whiz style. With the 2020 Leaps now available and the stock dropping a little I put on a starter position at one third size. Hoping to get some chances to add…possibly closer to the 200ma.
Bought to Open AAPL JAN 17 2020 155.0 strike #SyntheticStock (buy the calls and sell the puts)
Bought to Open AAPL JAN 17 2020 145.0 Put for disasters (I would take put profits and add to the long position)
Net debit of 19.20 for the Jan 2020 position.
Sold AAPL OCT 6 2017 155.0 Calls @ .95
With 120 weeks to run only need to sell .16 per week to cover the cost. Any more than that goes to the bottom line even if AAPL goes nowhere. Worse case scenario would be they discover iPhones cause cancer and the stock goes to zero. Max loss at that point would be 29.20. To offset that scenario a weekly sale of .24 will be needed.
Edited for clarity of synthetic stock…
VXX
#LongPutDiagonals – Yesterday…
Rolled VXX SEP 29 2017 43.5 Puts to OCT 20 2017 42.0 Puts @ .22 credit
WYNN
#ShortStrangles – Still rolling around collecting premium for eventually taking some stock. Rolled short calls up and out and selling aggressive weekly puts…
Bought to Close WYNN SEP 29 2017 145.0 Puts @ .01 (sold for 2.15)
Sold WYNN OCT 6 2017 152.5 Puts @ 4.65
Spending a little of the weekly premium to roll the ITM calls…
Rolled WYNN SEP 29 2017 127.0 Calls to NOV 17 2017 130.0 Calls @ 1.68 debit
TAP
#ShortPuts #IRA – Thanks @Iceman !
Sold TAP Jan 19 2018 77.5 Put @ 2.05
Sold TAP Jan 19 2018 75.0 Put @ 1.42
Sold TAP Apr 20 2018 75.0 Put @ 2.64
Sold TAP Apr 20 2018 70.0 Put @ 1.53
October Surprise
#SyntheticShort – Just throwing this out there…
Whiz, FWIW, is really getting concerned about the market going into October. I understand he’s always trying to act like a big shot know it all guy but supposedly his connections he still has in the Navy from his Top Gun days are getting worried. He says…”something is coming” and it’s gonna be bad. Obviously he says he may be wrong but who knows.
He’s throwing around all sorts of hedge ideas but most have about 5k risk for limited protection (unless outright buying of puts). I threw this idea out there to him and waiting for a response. How’s this look for a hedge that will work all the way to zero for limited risk? It’s similar to just buying the puts but with little to nothing out of pocket up front.
How about synthetic short Nov SPX at 2500 (sell call and buy put). Then buy a protective call at 2550 in case we get a rip your face off rally. Net cost out of pocket of about a buck. This hedge should make money all the way to SPX zero with max loss capped at 2550 to the upside. What am I missing? Still risking the usual 5 grand but with unlimited protection to the downside. Sort of a reverse long call diagonal but on a much shorter time frame…
TSLA
#ShortStrangles – Another small adjustment…
Rolled TSLA OCT 20 2017 365.0 Call to OCT 20 2017 355.0 Call @ 2.32 credit
Currently sitting at Oct 20th 345/355 @ 11.37 credit
WDC
#ShortStrangles – Starter position just prior to earnings…
Sold WDC OCT 20 2017 80.0/92.5 Strangles @ 1.22
TSLA
#Shortstrangles – Another busy week away from the market but still getting a couple trades in.
Started with 345/435 strangle and have been rolling the 435 down. Rolled to 380 earlier and today rolled down to 365 for additional credit.
Currently sitting at Oct 20th 345/365 @ 9.05…
This is still in the week before earnings. Saving earnings week in case a roll into high IV is needed.
NVDA URI WDC WYNN
#401k #IRA – Going thru some long term positions that were more delta plays as opposed to theta. Clearing the decks just a little to make room for some #Earnings possibilities or the occasional #FallingKnife opportunity.
Bought to Close NVDA JAN 19 2018 110.0 Put @ .81 (sold for 2.50)
Bought to Close NVDA JAN 19 2018 120.0 Put @ 1.39 (sold for 4.25)
Bought to Close URI JAN 19 2018 75.0 Put @ .35 (sold for 2.30)
Bought to Close URI JAN 19 2018 80.0 Put @ .48 (sold for 3.10)
Bought to Close URI JAN 19 2018 85.0 Put @ .64 (sold for 4.20)
Bought to Close WDC JAN 19 2018 70.0 Put @ 1.43 (sold for 2.70)
Bought to Close WDC JAN 19 2018 75.0 Put @ 2.43 (sold for 3.95)
Bought to Close WYNN JAN 19 2018 100.0 Puts @ .62 (sold for 2.70)
SVXY
#ShortPuts – Closed a lot of these last week. Coming back in with one but a little higher…
Sold 1 SVXY NOV 17 2017 65.0 Put @ 2.63
SVXY
#IRA #ShortPuts – Taking off my highest strikes for nice profits. After this, 35 is my highest strike still sitting out there.
Bought to Close SVXY DEC 15 2017 50.0 Put @ 1.72 (sold for 4.40)
Bought to Close SVXY DEC 15 2017 45.0 Put @ 1.32 (sold for 3.63)
Bought to Close SVXY DEC 15 2017 40.0 Put @ 1.00 (sold for 2.77)
IRBT ICPT
#FallingKnife to keep an eye on…no idea why they’re falling. Just throwing them out there as a couple big losers today.
SVXY
#CoveredCalls #IRA – Still trading around a few shares…
Bought to Close SVXY SEP 22 2017 90.0 Calls @ .03 (sold for .60)
Sold SVXY SEP 29 2017 91.5 Calls @ 1.03
Actual trade was a roll up 1.5 points for a 1.00 credit. Picking up 2.50 of upside…
AAPL
#IRA #ShortPuts – No position in this thing so starting one well below the 200ma.
Sold AAPL JAN 19 2018 140.0 Put @ 3.83
Sold AAPL FEB 16 2018 135.0 Put @ 3.70
Sold AAPL APR 20 2018 130.0 Put @ 3.56
NVDA
#ShortStrangles – Back into one of my favorites. Selling the week before earnings…
Sold NVDA NOV 3 2017 165.0/215.0 Strangles @ 3.51
EFX
#ShortStrangles – Busy week away from the market but one fill today. Had this just for a trade going for 50 percent of max.
Bought to Close EFX OCT 20 2017 75.0/105.0 Strangle @ 2.70 (sold for 5.40)
UVXY
#LongPutDiagonals – She’s tanking and I’m rolling. The next one will be to 2019 if needed.
Rolled UVXY OCT 20 2017 26.0 Puts to JAN 19 2018 20.0 Puts @ .13 credit
Also:
With these short puts providing some upside protection for a possible volatility spike (yea right… 🙂 ) I’m rolling up the 2019 disaster calls for a credit. Slightly increases max loss if UVXY spikes to 60 and stays there until 2019 🙂
Rolled UVXY JAN 18 2019 40.0 Calls to JAN 18 2019 55.0 Calls @ 1.15 credit. This in effect lowers the cost of the initial trade entry.
So what’s the big picture? I eventually will have to roll these front month short puts to 2019…probably around a 10 strike. They’ve brought in a total of 3.00 so far…
Synthetically short at 30 so using 10 as a target that’s 20 points of gains. Trade entry was 16.30 debit so max gain is looking like 20.00 – 16.30 + 3.00 + residual value of disaster calls when I decide to close the trade. So possibly a 10 point winner if I’m lucky. Not what I had hoped but still a position that had a low enough risk that it allowed me in at a decent size. I think Jeff is right…just buy the puts and wait with the occasional scalp of a front month…or just synthetic short with a very loose disaster call (based on account size and appetite for risk) and not even sell any front month.
Overall it’ll be a good trade. Happy with the experiment. It’s just hard to fight the never ending lack of volatility.
XIV vs SPY and margin increases
All addressed in this article…
https://seekingalpha.com/article/4107433-xiv-vs-s-and-p-500-4-eras-2-calm-2-turbulent?app=1&auth_param=582at:1crpvjp:8982d3d242a79212e91d1182f551ab27&uprof=45&utoken=c139c4af499fb0eb008aa829e69993f6
ISRG
#CoveredCalls -An old earnings trade that was converted to a covered call. Can’t get a pullback in this thing so I just keep trickling up the call. A LOT of downside protection in this one so might as well hold and keep rolling for a few points per month.
Rolled ISRG SEP 22 2017 902.5 Call to OCT 20 2017 905.0 Call @ 2.90 credit
Picking another 5.40 of upside with stock at 1040. 3 for 1 split on the 29th this month…
TEVA
#BullPutSpreads – It’s recovered back above the 21 ema. Playing for a bounce up to the 50ma resistance. Low risk high reward…risk 24 to make 226.
Sold TEVA OCT 20 2017 22.5/20.0 Bull Put Spreads @ 2.26
UVXY
TSLA
#ShortStrangles – Would like to see this pull back a little so giving it something to shoot at on the downside. This should be before next earnings…
Sold TSLA OCT 20 2017 345.0/435.0 Strangle @ 6.26
EFX
#ShortPuts #IRA – Adding 5 points lower than yesterday at slightly higher premium.
Sold 1 EFX Apr 20 2018 55.0 Put @ 2.25
WYNN adjustment
Started out a year ago as a #ShortStrangles position but has turned into a nicely performing #PerpetualRollingStrangles position.
Currently running along inverted. 145/125 inverted @ 12.15 credit. Ideally in these inverted positions you’d like total premium received to be greater than the width of the inversion for it to be profitable. I’m not quite there yet so rolling to decrease the inversion. Out two weeks and squeezed it in by two points. Really wanted the 145 puts to expire today but not quite there.
Rolled WYNN SEP 15 2017 145.0/125.0 Inverted Strangles to SEP 29 2017 145.0/127.0 Inverted @ .15 credit
AMZN
#LongCallDiagonals #IRA – She’s looking like she wants to go higher here. Making an early roll of my front month sale to a much higher strike and into the week before earnings. This leaves earnings week for a nice roll into the high IV if needed.
Rolled AMZN SEP 29 2017 975.0 Call to OCT 20 2017 990.0 Call @ .46 credit
TSLA
#ShortStrangles – Same as NVDA. Instead of rolling the puts up I’m booking the whole thing at a decent profit and looking to re-sell more centered.
Bought to Close TSLA SEP 29 2017 300.0/400.0 Strangle @ 2.27 (sold for 4.20)
NVDA
#ShortStrangles – An upgrade to $250…wow. Booking the strangles while the call side still has some profit in it.
Bought to Close NVDA OCT 6 2017 150.0/185.0 Strangles @ 1.47 (sold for 2.75)
EFX
#ShortStrangles – Sold a naked put in the #IRA yesterday. Selling this in the regular account. Strikes slightly modified from TT this morning.
Sold 1 EFX OCT 20 2017 75.0/105.0 Strangle @ 5.40
SVXY
Sosnoff buying 86/83 put spreads….wow. Need some luck for that to work.
UVXY
Final #LongPutDiagonals #SyntheticShort roll…
Rolled UVXY SEP 22 2017 29.0 Puts to OCT 20 2017 26.0 Puts @ .07 credit
VXX
Another #LongPutDiagonals #SyntheticShort roll of the front month sale. 2019 positions looking great…
Rolled VXX SEP 15 2017 45.0 Puts to VXX SEP 29 2017 43.5 Puts @ .25 credit
NUGT
#LongPutDiagonals #IRA – Gonna go ahead and roll this now. 2019 #SyntheticShort looking good.
Rolled NUGT SEP 15 2017 40.5 Puts to SEP 29 2017 38.5 Puts @ even
Off Topic
#IRMA – Offline all day as I slowly make my way south. Took a little time for some sightseeing today. I’m not necessarily a big college football fan but got a thrill today. Stopped in to snap a photo and ran into an Alabama fan. In spite of everything being closed we still found a way! LOL what a strange feeling in an empty stadium that must seat over 100k!
EFX
VXX
#LongPutDiagonals – Trying not to let the weeklies get in too much trouble. Closing a batch at breakeven and selling more a little lower. Staying in this week…
Bought to Close VXX SEP 15 2017 47.5 Puts @ 1.95 (sold for 1.95)
Sold VXX SEP 15 2017 45.0 Puts @ .36
@jsd501 ….
Let us know how you’re doing if you see this…
I keep moving west. In a little town called Chipley Florida now. Hopefully that’s far enough. Good luck!!
EWW
#ShortStrangles – Over sold these and it’s looking weak so booking a few…
Bought to Close EWW SEP 15 2017 55.0 Puts @ .24 (sold for .61)
NUGT
#LongPutDiagonals #SyntheticShortStock – Adding a position on NUGT similar to the UVXY and VXX positions.
—————
Synthetic short stock with disaster long calls (16.50 debit)
Sold NUGT JAN 18 2019 42.0 Calls
Bought NUGT JAN 18 2019 42.0 Puts
Long call for possible disasters capping potential losses:
Bought NUGT JAN 18 2019 47.0 Calls
Buying the disaster calls pretty close to help with margin requirements if she spikes with not much effect on long term gains.
—————
Weekly put sale against synthetic short stock to really boost the profits on this trade:
Sold NUGT SEP 15 2017 40.5 Puts @ .84
—————
REGN
#ShortStrangles – As @Jeff pointed out earlier…she’s tanking. Looks like some new competition on the horizon for some of their drugs so making an adjustment…
Rolled REGN SEP 29 2017 550.0 Call to SEP 29 2017 510.0 Call @ 4.47 credit
Position is now 470/510 Strangle @ 12.52 credit
NUGT
Glad you guys reminded me of this one. I’ve been looking to set up a #SyntheticShort or a #LongPutDiagonal on this dog on the next big bounce. Unfortunately there were no 2019’s available…until now. TOS isn’t showing any good quotes on them yet though…maybe tomorrow?
EWW
Not really a #PerpetualRollingStrangles trade but it’s turning into one. Got a stop on next week’s 55’s at 50 percent of max profit so selling the next batch.
Sold EWW OCT 6 2017 56.0 Puts @ .85
GLD
#PerpetualRollingStrangles – I had already double sold the next batch for a couple weeks out. Forgot I had this order in to close this week’s.
Bought to Close GLD SEP 8 2017 124.5 Puts @ .03 (sold for 1.24)
IRMA…not the ticker!
Just checking in here at 130 am eastern time. No market for me…spent the day evacuating the motorhome/crash pad out of the Ft. Lauderdale area. Crazy day that started at about 8am. Many gas stations completely dry and cars everywhere. Finally made it to the Tallahassee area which so far has a fighting chance for survival. I’ve got a decent 4g signal here so should be in and out next couple days.
Good luck everyone and if you’re anywhere near this thing stay safe!
NVDA…jumping back in
#ShortStrangles – Nice volatility pop today so feel like I have to sell a new position. Diving back into one of my favorites. Selling well before next earnings…
Sold NVDA OCT 6 2017 150.0/185.0 Strangles @ 2.75
VXX
#LongPutDiagonals – I like @hcgdavis ‘s rolling idea. Going pretty aggressive here since North Korea probably not going away any time soon. Took awhile but finally filled on all of them.
Rolled VXX SEP 15 2017 45.0 Puts to SEP 15 2017 47.5 Puts @ .80 credit (total credit now 1.95 on these)
SVXY
#ShortCalls #VXXGame – Top of the ladder starting to get taken out…
Bought to Close SVXY JAN 19 2018 127.5 Calls @ .20 (sold for 1.27 split adjusted)
Bought to Close SVXY JAN 19 2018 130.0 Calls @ .20 (sold for 1.60 split adjusted)
UVXY risk reduction
#ShortCalls – Booking these with quick profits and taking some risk off…
Bought to Close UVXY DEC 15 2017 91.0 Call @ 3.27 (sold for 6.00)
Bought to Close UVXY JAN 19 2018 91.0 Call @ 4.35 (sold for 7.20)
GLD
#PerpetualRollingStrangles – This week’s 124.5s are looking good so adding a new position a couple weeks out…
Sold GLD SEP 22 2017 125.5 Puts @ .85
UVXY
VXX
#LongPutDiagonals – Going out 2 weeks on this one. I’ve got a stop set on this week’s that would lock in 90 percent of max profit. Wanted to get the next one on the books in case they start sucking weekend premium out of these this afternoon.
Sold VXX SEP 15 2017 45.0 Puts @ 1.15
In the split history of VXX the quickest it has ever split was a year (2 out of 4 times) so figuring a drop from 50 to 10 I’m planning on about .75 to 1.00 per week max drop.
CMG
Interesting to watch. Making a run at a close above the 20 ma today. 21 ema turning up but the 50 ma is still looming overhead. Could be 300-350 range bound for awhile. 352.96 looks like pretty strong resistance on DJ’s chart…that’s about where the 50 ma will be if she can claw her way back up that high.
SVXY
#CoveredCalls – I’ve got a little bit of stock left from an earlier put spread with a basis of 88. Adding to the bottom of an ever expanding December short call ladder now that Jan is looking pretty safe.
Sold 1 SVXY DEC 15 2017 95.0 Call @ 4.75
Sold 1 SVXY DEC 15 2017 97.5 Call @ 3.90
TLT…book, roll, adjust
#PerpetualRollingStrangles – A couple more and now done with this for awhile.
Taking a little more than 50 percent of max on an extra sale on the put side during the rise. This gets me back to a regular size position.
Bought to Close TLT SEP 8 2017 126.5 Puts @ .50 (sold for 1.10)
And:
Rolled TLT SEP 15 2017 131.0 Puts to NOV 17 2017 130.0 Puts @ .38 credit
TLT
#PerpetualRollingStrangles – Interesting morning in this thing. I had been hit with early exercises numerous times on DITM short calls as early as 18 days out. Because of this I had been rolling these at about the 21 day mark back out to 45 or 50 days. Well…today set a record. Every single short call I had was exercised….
Sep 22 122 strike (21 days early)
Sep 22 123 strike (21 days early)
Oct 20 121 strike (an incredible 49 days early!)
Luckily the stock is down big today so was able to cover it at a pretty good price. Then re-loaded all the short calls way out in November.
Sold TLT NOV 17 2017 121.0 Calls @ 6.50
Sold TLT NOV 17 2017 123.0 Calls @ 4.85
So…here’s what happened:
https://tickertape.tdameritrade.com/trading/2017/05/analyzing-dividend-risk-61479
My fault…was vaguely aware this was an issue but wasn’t sure of all the risks involved. Luckily with the short stock carrying more negative deltas than the short calls the whole thing should be net positive in spite of the dividend. Lesson learned but still a big fan of the ticker…
AMZN
#LongCallDiagonals – Sold against the drop all the way down now tucking my tail and running…rolling up to the 50ma. If she gets thru that then something more aggressive will be required.
Rolled AMZN SEP 1 2017 955.0 Call to SEP 29 2017 975.0 Call @ .27 credit
NVDA
#ShortStrangles – Popping out of a daily squeeze and looking strong. Booking some nice winners before the call sides get in trouble.
Bought to Close NVDA SEP 15 2017 155.0/175.0 Strangles @ 2.35 (sold for 7.28)
Bought to Close NVDA SEP 29 2017 150.0/180.0 Strangle @ 2.91 (sold for 4.65)
Flat in NVDA for the first time in a long time. Will be looking for something to re-enter…
LMAO…all three AMZN stories in the same Street.com email update
https://www.thestreet.com/story/14285119/1/amazon-will-leave-carnage-as-it-steamrolls-through-grocery-industry.html?puc=_htmlttt_pla6&cm_ven=EMAIL_htmlttt&tstmem=65338268&utm_source=newsletter&utm_medium=email&utm_campaign=TTEN&utm_term=Amazon+Will+Leave+Carnage+as+It+Steamrolls+Through+Grocery+Industry
https://www.thestreet.com/story/14285932/1/here-are-the-benefits-amazon-prime-members-will-get-at-whole-foods.html?puc=_htmlttt_pla7&cm_ven=EMAIL_htmlttt&tstmem=65338268&utm_source=newsletter&utm_medium=email&utm_campaign=TTEN&utm_term=Here+Are+the+Benefits+Amazon+Prime+Members+Will+Get+at+Whole+Foods
https://www.thestreet.com/story/14287148/1/amazon-on-the-verge-of-a-colossal-breakdown-after-whole-foods-m-amp-a-chart.html?puc=_htmlttt_pla8&cm_ven=EMAIL_htmlttt&tstmem=65338268&utm_source=newsletter&utm_medium=email&utm_campaign=TTEN&utm_term=Amazon+Is+on+the+Verge+of+a+Colossal+Breakdown+After+Whole+Foods+Deal
GLD
#PerpetualRollingStrangles – Bought to Close GLD SEP 1 2017 122.0 Puts @ .05 (sold for 1.00)
TLT
#PerpetualRollingStrangles – Set a stop on next week’s 126.5s at 50 percent of max profit. Selling a new batch for slight delta adjustment.
Sold TLT SEP 22 2017 126.5 Puts @ .70
GLD
#PerpetualRollingStrangles – I’ve got a stop on this week’s 122’s at 75 percent of max profit. Selling aggressively for next week. As long as gold holds 1300 these should work…
Sold GLD SEP 8 2017 124.5 Puts @ 1.24
CMG
#LongCallDiagonals – After my email exchange with @DJ this weekend I’m bailing on this position for now. He lays out a very good case for more possible downside in this thing. With a small bounce at the open and some weakness now was able to leg out of the Leaps and the short calls for a 1.04 winner.
I’ll keep it on the watchlist and see when she firms up and then re-evaluate….
Thanks DJ for all the effort!
AMZN
#LongCallDiagonals #IRA – Setting up another week…
Bought to Close AMZN AUG 25 2017 957.5 Call @ .16 (sold for 13.50)
Sold AMZN SEP 1 2017 955.0 Call @ 7.36
CMG…again
#LongCallDiagonals #Revenge – Was in a strangle where the put side was DITM. Closed it back on Aug 10th as the stock continued tanking. The plan was to wait for something resembling a bottom along with a few good headlines coming out. Not sure if this is anywhere near the bottom but the news flow is beginning to sound more hopeful.
Starting a long term (lower risk) position to work my way back on this thing. It is a revenge trade so maybe not the smartest thing but gotta take a shot. Need about 1.50 to 2.00 bucks a week to get what I need assuming no increase in the stock…
Here we go:
Long term position @ 44.50 debit
Bought CMG JAN 18 2019 300.0 Call
Sold CMG JAN 18 2019 250.0/200.0 Bull Put Spread
———————————-
Front month sale (first of 73 …LOL)
Sold CMG SEP 1 2017 317.5 Call @ 2.30
ULTA
#Earnings – Sold ULTA AUG 25 2017 217.5 Call @ 2.00
Pairing this up with the 220/235/250 iron fly @ 11.90
Reducing max loss down to a buck with breakeven on the new call sale up at 231.40. Still need a rally but very little damage if she doesn’t come back…
@fibwizard
Anything I might need to add here? I like to stay clean and streamlined. Moved my CCI levels out to 190. When those get breached I start looking for a reversal. Jump in on the second candle of the reversal. No entries ever until CCI gets broken up or down. RSI as a guide to confirm extreme swings. Reversals near pivots are even better with 34ema as a guide also.
Still experimenting…
ULTA
#Earnings – Rolling the dice on my winnings from ULTA last quarter…
Sold tomorrow’s 220/235/250 iron fly @ 11.90
Options Bistro 