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

Making room in the #IRA to add to the #VXXGame on next spike…

Bought to Close UVXY SEP 29 2017 50.0/61.0 Bear Call Spreads @ .08 (sold for 1.42)

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

#vxxgame

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

#FallingKnife ?

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

#IRA #VXXGame – These haven’t decayed much so adding to a full position in Nov and adding a starter out in June hoping to add at higher premium at some point…

Sold UVXY NOV 17 2017 50.0/65.0 Bear Call Spreads @ 1.12

Sold UVXY JUN 15 2018 45.0/60.0 Bear Call Spreads @ 1.70

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…Active Trader Setup

ULTA

#Earnings – Rolling the dice on my winnings from ULTA last quarter…

Sold tomorrow’s 220/235/250 iron fly @ 11.90

SVXY

#ShortCalls #VXXGame – Just for good measure since I’ve got some decent size short volatility trades going…come and get this Mr. Market!

Adding one strike higher than yesterday…

Sold SVXY DEC 15 2017 102.5 Call @ 2.00

VXX

#LongPutDiagonals #SyntheticShortStock – Adding a position on VXX similar to the UVXY position. I’ll let ’em race each other down and see what works the best.

—————

Synthetic short stock with disaster long calls (16.60 debit)

Sold VXX JAN 18 2019 50.0 Calls
Bought VXX JAN 18 2019 50.0 Puts

Long call for possible disasters capping potential losses:

Bought VXX JAN 18 2019 55.0 Calls

Buying the disaster calls pretty close to help with margin requirements if she spikes…

—————

Weekly put sale against synthetic short stock to really boost the profits on this trade:

Sold VXX SEP 1 2017 46.0 Puts @ .60

—————

So now what? Two extremes examined here….

VXX goes to 100 and stays there:

I lose my 16.60 debit and an additional 5 dollars to the upside capped by the disaster calls. But…selling premium at 60 cents a week until Jan 2019 brings in 43.80 points so still a net gain of 22 points for the whole ordeal. Margin requirements for now are 7 points per spread. Not a bad return even in worse case scenario.

VXX does what it usually does:

So VXX eases it’s way down to 10 again. Synthetic stock makes 40 points and weekly premium sales at just a measly 60 cents brings in another 44 points for a gain of 84 points minus the 17 debit (rounding) works out to a 67 point winner.

I expect this one to be easier to manage since the VXX drop isn’t as severe as the amount UVXY can tank. Might actually work out better in the long run due to the weekly premium sales…

UVXY

#IRA #VXXGame – Kind of an odd fill. No bites until UVXY dropped a little…

Sold UVXY NOV 17 2017 50.0/65.0 Bear Call Spreads @ 1.20

UVXY

#IRA #VXXGame – For lack of anything better to do I’m filling in some starter positions in the months I was missing.

Sold UVXY OCT 20 2017 50.0/65.0 Bear Call Spreads @ 1.20

TSLA

#ShortStrangles – New position selling well before next earnings. Strangling near the 200ma and above all time high.

Sold TSLA SEP 29 2017 300.0/400.0 Strangle @ 4.20

SVXY

#ShortCalls – January positions look pretty safe so let’s take a small shot in Dec and give it something to shoot for. Gonna take a lot of work and repair to get back to all time highs and to exceed the trend line that’s stood the test of time as a guide to my call selling. Still some nice premium in these but going with a starter for now…

Sold 1 SVXY DEC 15 2017 100.0 Call @ 2.60

SVXY big picture

DOW transports

Anyone know a good ETF with weeklies and decent volume? XTN no options and IYT no weeklies. Anything else?

REGN

#ShortStrangles – Back into an old favorite…filled at the open but could do better now.

Sold REGN SEP 29 2017 430.0/530.0 Strangle @ 7.00

#ironcondor, #longcalldiagonals

UVXY 😎 😎 😎

UVXY

#LongPutDiagonals – Impressive volatility collapse. Making an adjustment here.

Rolled UVXY SEP 1 2017 31.0 Puts to SEP 22 2017 29.0 Puts @ .96 credit

#longputdiagonal

NVDA

#ShortStrangles – Current position nicely profitable so adding one a couple weeks further out.

Sold NVDA SEP 29 2017 150.0/180.0 Strangle @ 4.65

ISRG roll

#CoveredCalls – This roll puts the position back in the green…

Rolled ISRG SEP 1 2017 900.0 Call to SEP 22 2017 902.5 Call @ .65 credit.

Planning 2 more rolls on it. Next one will be into first or second week of October just prior to earnings. Then the final roll will be into earnings for a nice credit. I’ll keep the strike well in the money for downside protection and gather up some premium and then ship it!

VXX update

#ModifiedVXXGame – Last week sold some 11/13 VXX call spreads for a buck. Sold them in a size where after the split they’ll be one tenth of a full position. Didn’t quite make it back to profitability so closed the long 13 calls on Friday and accepted the short assignment at a basis of 12.30

Then:

Sold VXX AUG 25 2017 12.0 Puts @ .13

I’ll be shorting the stock or selling aggressive call spreads to establish a short position after the split. Working towards a long term short position with protective calls to match up with a similar trade on UVXY.

AMZN

#LongCallDiagonals – Lots of overhead resistance. Rolling down this week for additional credit.

Rolled AMZN AUG 25 2017 975.0 Call to AUG 25 2017 957.5 Call @ 3.60 credit.

Total credit on this one now up to 13.50

UVXY

#VXXGame #IRA – Added a few. Set it and forget it. Check in again on next split…

Sold UVXY JAN 18 2019 5.0/15.0 Bear Call Spreads @ 4.75

#longputdiagonals

APRN

#Earnings – Lottery ticket going away today. Taking the .25 loss and moving on. No desire to take the stock of a company that might not be around on Monday!

UVXY

#LongPutDiagonals – Keeping the theta rolling in…

Bought to Close UVXY AUG 25 2017 29.0 Puts @ .25 (sold for 1.25)
Sold UVXY SEP 1 2017 31.0 Puts @ 1.30

#longputdiagonals, #syntheticshortstock, #vxxgame

SVXY

#IRA – Moving out to March…

Sold SVXY MAR 16 2018 35.0 Put @ 3.25

UVXY

#IRA – First ones in this expiration…

Sold UVXY SEP 29 2017 50.0/61.0 Bear Call Spreads @ 1.42

UVXY

#IRA – Adding to an existing position at higher premium…

Sold UVXY MAR 16 2018 40.0/50.0 Bear Call Spread @ 1.70

DUST NUGT 2019

DUST has options out to 2019 but NUGT only to next March. What’s up with that?

UVXY

#IRA – Adding a new position. Staying small since the only way to roll these for a credit if they end ITM is to widen or add contracts.

Sold UVXY DEC 15 2017 50.0/60.0 Bear Call Spreads @ 1.18

SVXY

#ShortPuts #IRA – Adding a couple…

Sold SVXY DEC 15 2017 50.0 Put @ 4.40 (top of my ladder)
Sold SVXY JAN 19 2018 35.0 Put @ 2.45

UVXY

#LongPutDiagonals #SyntheticShortStock -Adding here. Could’ve moved up to 35’s but to keep things simple I’m staying with the same strikes for now. Waiting to sell any additional puts.

Synthetic short stock with disaster long calls (17.25 debit)

Sold UVXY JAN 18 2019 30.0 Calls
Bought UVXY JAN 18 2019 30.0 Puts

Long call for possible disasters capping potential losses:

Bought UVXY JAN 18 2019 40.0 Calls

UVXY

#ShortCalls #VXXGame – Sticking to strict position size limits on my naked sales of these things. Booking pretty decent quick profits from the other day and re-selling higher strikes for safety.

Bought to Close UVXY SEP 15 2017 82.0 Call @ 1.07 (sold for 3.40)
Bought to Close UVXY DEC 15 2017 82.0 Call @ 6.15 (sold for 9.60)

Sold UVXY DEC 15 2017 91.0 Call @ 6.00
Sold UVXY JAN 19 2018 91.0 Call @ 7.20

UVXY

Busy week away from the market again but still adding an experimental position on UVXY. Low risk high reward playing it’s long term downtrend. Reverse Whiz style.

#LongPutDiagonals #SyntheticShortStock – I’ll be adding a similar position on VXX after the split next week. I’ll let ’em race each other down and see what works the best.

BTW…TDA portfolio margin for this trade is only 2600 increasing to 4000 if UVXY doubles overnight…

——————–

Synthetic short stock with disaster long calls (17.75 debit)

Sold UVXY JAN 18 2019 30.0 Calls
Bought UVXY JAN 18 2019 30.0 Puts

Long call for possible disasters capping potential losses:

Bought UVXY JAN 18 2019 40.0 Calls

——————–

Weekly put sale against synthetic short stock to really boost the profits on this trade:

Sold UVXY AUG 25 2017 29.0 Puts @ 1.25

——————–

The plan:

Sell weekly for the next 74 weeks and let the thing decay. Hopefully capture 10 dollars of the move from 30 to 10.
Once I get a little profit under it I’ll reduce the size or possibly eliminate the disaster calls so I’m only treating those as a temporary expense. Once I remove the disaster calls and get some of that debit back I don’t see how this thing can’t make any less than 100 points per spread with very little stress and risk.

WYNN

#ShortStrangles – Caught an upgrade this morning. These analysts can be annoying sometimes.

Rolled WYNN AUG 18 2017 128.0 Puts to WYNN AUG 18 2017 133.0 Puts @ 1.00 credit