Filled overnight:

Bought to Close /ES FEB 17 (Wk3) 2230 PUT @ 1.80 (Sold for 29.00)

Sold /ES APR 17 (Wk3) 2200 PUT @ 22.00

Continuing to sell against a short /ES hedge to gradually raise basis…

335/370 @ 4.70

Out all day…sending from phone.

Unbelievable…moved back up to the 9th now…

Rolled this week’s 340/370 strangle to March monthly 310/395 @ 1.19 credit.

This makes room for an earnings trade…

I’m betting fibwizard is getting one heck of a nice scalp this morning. In at 19333 and still riding it. I gotta start getting up earlier…LOL

PS….I missed it. Too lazy… 😦 😦

The date finally matches the IV. Moved back to Feb 16 now…

Seems reasonable…

Hi Mr. Wyant,

I had forwarded your negotiated commissions request to the review team, and they have responded.

You currently have this commission schedule:
$7.95 Stock flat rate
$1.25 Option rate per contract, no base
$15.00 Exercise

What you requested would result in this:
$5.95 Stock flat rate
$1.00 Option Rate, no base, per trade, not per contract
$15.00 Exercise

I’m pretty much assuming that you prefer the second rate, but please respond back to me to confirm which rate you’d like to have.

I hope this is helpful, because we truly appreciate your business. If there’s anything else we can help you with, please reply to this message.

Thank you,

Nancy Lee
TD Ameritrade Client Services
TD Ameritrade, Inc.

Sold CMG FEB 3 2017 400.0/450.0 Strangle @ 4.40

Interesting predicament here…

Originally bought a 2019 call with the intention of selling front month calls against it. As you know SVXY has been screaming up. I’ve rolled the call out to June but it’s still not enough. It’s just about offsetting my call profits….Grrr.
To get it out of the way I’m thinking about rolling it out to Sep or next Jan to a DITM 20 wide put spread. Then…I can book the profits on the long call at some point and worse case scenario I’d own a little SVXY at a basis of about 18-20 dollars above where it’s trading. If it doesn’t tank and keeps rising it would be a bonus.

Am I crazy?

Looking at:

BTC SVXY June 115 call and STO Sep 225/200 BuPS @ 1.75 credit. Or…can go out to Jan for a 20 wide.

Bored….selling against March 290 call. Feb 260 put looking safe.

Sold IBB MAR 17 2017 260.0 Put @ 2.75

Earnings moved to Feb 9th. Feb 10th strangles getting hit this morning. Can’t these companies get their announcements right? Kinda funny….guy calling into TT asking the same thing. Guess my earnings trade is set already.

TOS has been showing Feb 2nd for a few weeks. Noticed yesterday my WYNN position was down even though WYNN was up. Earnings were changed to today….

Not bad…

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Hi Scott,

I apologize I am just getting back to you. I was out in LA for a business trip and just got back. You are correct TastyTrade has come out with a very compelling offer. Based on what your trading plans are and the amounts you are looking to deposit, I would be able to offer you $0.40 per contract each way, no ticket. Exchange fees are only roughly $0.04 per contract. This would be for the life of the account not just a promotion.

Our stock trades are $4.95 flat to open and close, and futures trading is $4 round trip. I would unfortunately not be able to discount these trades. Also, we have a dime buy back program, where if you close out a short option that is priced at $0.10 or less, it is a commission free trade.

We would also be able to convert your account to a portfolio margin account. Please let me know what you think, and we can talk further from there. Thanks Scott, and have a great evening!

Best regards,

Mike Mandich

Sales Consultant

OptionsHouse

10 S. Riverside Plaza | Suite 500

Chicago, IL 60606
Direct: 312-488-4368

Another one in rally mode…another big up day tomorrow and the call side will begin having issues so buh bye! Looking out to next week for a nice earnings strangle…

Bought to Close CMG JAN 27 2017 390.0/430.0 Strangle @ .68 (sold for 4.60)

Reload for March…

Sold EWW MAR 17 2017 43.0/48.0Strangles @ 1.40

This thing is starting to move so booking the strangles at decent profit. Looking out to March for new strangles.

Bought to Close EWW FEB 17 2017 39.0/45.0 Strangles @ .93 (sold for 1.26)

Bought to Close REGN JAN 27 2017 322.5/395.0 Strangle @ .70 (sold for 5.25)

Now if he’ll mention drug prices in his speech I’ll sell another one…LOL

Sold SWKS JAN 20 2017 87.0 Puts @ .37

This is an attempt to offset the .55 loss on the iron flies. Sold 1 for 1 so still at least a .18 loss. Darn platform locked up and had to jump over to the regular website to reset all the standing orders and missed slightly higher premium. Still, I’ll take this earnings week every week!

Hey fibwizard…did you catch this move? Big bounce off lower pivot…

This should do it:

Sold SVXY FEB 17 2017 110.0/105.0 Bull put spreads @ 2.25

Signed up for the one month trial for 7 bucks….mainly to watch how JC plays earnings. He’s supposed to be setting up something in NFLX today.

TOS shows Feb 9th but IV seems to be predicting the week after that. Anyone showing something different? If it’s the week after I’d like to sneak one more strangle in…

Playing it bullish but will get in at the 50ma if she tanks. May add a long put on a rally to set up a spread. Still debating about selling the call side…

Sold NFLX JAN 20 2017 125.0 Puts @ 3.33

Jumping back in selling the week before earnings…

Sold NVDA FEB 10 2017 95.0/115.0 Strangles @ 1.60

Going wider than normal since I don’t really mind managing this one either way…

Sold GS Jan 20th 225/235/245 iron flies @ 6.10

Looks like I’ll be moving the IRA’s and then when they roll out futures and portfolio margin I’ll be moving the rest if all goes well. These seem like canned responses so I’ll give them one more chance by contacting our original guy we dealt with and using combined leverage of my brother and me and see what they say…LOL
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Mr. Wyant:

Thank you for contacting us today. We appreciate you giving us the opportunity to continue doing business with you.

We can certainly review your account to see if we can get you a lower rate; however, please understand that TD Ameritrade does stand by the value of our pricing since we do offer a lot more products and services that other discount brokerage firms do not.

We offer multiple different platforms and mobile apps that are consistently ranked higher than our competitors by third parties such as stockbrokers.com. We are consistently ranked higher in customer service, education offerings, and research tools as well as a variety of other categories. We also do not have some of the hidden charges that our competitors have such as charging extra for shorting shares, fees for canceling and replacing orders, among others.

In order to help with getting you the lowest rate possible, please reply to this message with the following information:

1. Do you plan on consolidating any accounts with TD Ameritrade, making any large deposits or any large withdraws? If so, approximately how much value do you plan on depositing or withdrawing?

2. Do you plan on changing your trading activity in the future? If you are changing your trading strategy, how many stock and/or option trades do plan on trading in an average month?

3. Do you plan on trading any index options? How many contracts per trade for your options trades on average?

Please respond with this information so we can better evaluate your situation. The more information we can collect, the bigger the case we can build in order for management to consider honoring your request.

If there is anything else I can do for you, please reply to this e-mail. Your business is appreciated and I want to make sure I address all of your questions and concerns.

Sincerely,

Rachael Peacock
TD Ameritrade Client Services
TD Ameritrade, Inc.

=====================================================================================

In response to the 3 questions in the previous email:

1. No immediate deposits but if I’m still here in 3 years when I retire I will be depositing at least another $xxx,xxx. Obviously, if I have to continue paying twice as much as the competition for similar services I will be withdrawing 100 percent (approx. $xxx,xxx) of my 3 accounts within 2 months.

2. Only plans for a change in trading activity would be a slight increase but still mostly 1-5 contracts per trade scaling in and out of positions.

3. Rarely if ever trade any index options.

Thank You,

Scott Wyant

========================================================================================

On 01/16/17 10:45 AM Message Center Client Services wrote:

Scott Wyant,

Thank you for contacting us again in regards to your commissions. What is the competition offering you to move your account? If you could let us know this information as well we can look into what we can do for you.

If you have any further questions please do not hesitate to contact us at 800-669-3900 or reply to this e-mail. We are available 24 hours a day 7 days a week.

Thank you for contacting TD Ameritrade.

Jacob Skelly
Client Services
TD Ameritrade, Inc.

=======================================================================================

Options: 1.00 per contract to open (all closing trades are free) + .10 clearing
Stocks: 5.00 unlimited shares to open (all closing trades are free) + .0008 per share clearing
Futures: 2.50 per contract to open (all closing trades are free) + .30 clearing

No ticket fees at all…$5 exercise fees

https://tastyworks.com/commissions-and-fees.html

Thanks!

=======================================================================================

Scott Wyant,

Thank you again for contacting us in regards to your commissions. At this time you are on a negotiated commission and at this time we would not be able to offer you what the competition is offering you.

If you have any further questions please do not hesitate to contact us at 800-669-3900 or reply to this e-mail. We are available 24 hours a day 7 days a week.

Thank you for contacting TD Ameritrade.

Jacob Skelly
Client Services
TD Ameritrade, Inc..

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Thank you for checking. I’ve enjoyed my time here at TDA….

Scott Wyant

Took the SMM one month free trial and now in my second month. When did it become such a day trading forum? Not getting much out of it so probably bailing out after this month…

Top Gun Options is kinda pricey and I think I’ve seen all of Whiz’s types of trades. Sort of the same stuff over and over. He makes good money but I think by watching his freebie update each day I can pick up on what he’s doing. I’ll bail on it also or possibly cut back to just a partial subscription with just one of his portfolios.

This is exactly the dip in SPX and mini-spike in the VIX I was looking for this week. It took a while to come but it is finally here and it may not last a long time. The reason for the VIX spikey is that the only volatility event this week is JP Morgan’s earnings which kick off the earnings season. JPM will report before the market opens tomorrow. As is customary before volatility events, the VIX tends to rise for a couple of days along with the VVIX as traders hedge for the unforeseen and then as soon as uncertainty is removed from the market (we know what JPM’s earnings are and the market reacts rationally) then the VIX drops as traders remove the hedges once the unforeseen does not happen.

For the SPX, after we get the JPM earnings tomorrow, that event is finally going to give Financials a green light to go higher and that is going to carry the market over 2280 and the DOW to over 20,000 finally. Obviously, I don’t know what JPM earnings are going to be, but all I know it is a solid company, they are the best in class enterprise these days, so it is going to show a solid beat, a rising net interest margin and the CEO Jamie Dimon who has been very upbeat on the economy, will again be upbeat on the economy. He may even say nice things about the Trump administration. This has been the script over the past few quarters, so I don’t foresee anything deviating from that script tomorrow. Once all of this information comes in, Financials are going to start another leg higher as they have been grinding in place for over a month now. Obviously, upgraded earnings prospects for 2018 at JPM, BOFA, WF will have a lot to do with the upward repricing of the financial stocks. Just the availability of earnings information for 2018 will propel prices higher as the forward estimates are likely to be higher. And then the market will follow. We could even have a bounce in the 10-Year yield higher as the market discovers a healthy economy and a higher demand for loans at higher interest rates from the financial statements of the banks. The 10-Year yield is testing the 50MA so this is a natural place and time for a bounce higher. And a bounce higher in the 10-Year yield will trigger some of the correlation algos to buy the financials and propel them higher as well. With about 15-20% of the earnings reported after this week, there is going to be more certainty about the SPX earnings estimates and if they come in as good as I think they will, the market has only one place to go: bounce off that trend line it is sitting on now and then head higher.

On the upside resistance is at 2280 for the SPX and on the downside the 30MA at 2250 is the next support level today.