#ShortCalls – New NUGT options available today. Selling a combo since they both can’t lose…highest NUGT strike so far paired with whatever DUST strike brings equal premium.
Sold NUGT JUL 21 2017 45.0 Call @ 2.10
Sold DUST JUL 21 2017 50.0 Call @ 2.20
Possibly my favorite #PerpetualRollingStrangles …
Rolled this week’s 123.5 puts out to May monthly 123.5 @ .38 credit.
Paired with many calls near the same strike out over the next few weeks.
#PerpetualRollingStrangles – Another roll. They add up over time…
Rolled this week’s 120.5/113.0 inverted strangles to May monthly same strikes @ .55 credit.
Came close to getting out of the 120.5 puts but she reversed too soon…
#ShortStrangles – My only problem child…time for more aggressive punishment to force some cooperation.
Short a Jun 450 call and a May 470 put so:
Rolled May 470 put in and up to this week’s 490 @ 2.55 credit.
Total premium received on the 490 put is now up to 9.56. Plan is to keep selling at or slightly in the money puts every week until a reversal. Otherwise will have plenty of credit in the position for a debit roll of the call.
#PerpetualRollingStrangles – Replacing this week’s…
Sold EWW MAY 26 2017 51.5 Puts @ .75
#LongCallDiagonals – Paying a small debit but that’s ok since this short call has accumulated 10.15 in premium so far.
Rolled May 12th 857.5 call to Sep 15th 880.0 call @ .90 debit
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
Looking at rolling the 2019 long call up (again) which would take nearly all the risk out of the trade…
#TakeOneForTheTeam #ShortStrangles – Looks like we need another one of these so here goes….
Sold SVXY MAY 19 2017 160.0/155.0 Bull put spreads @ 3.07
Even with an implosion I’ll get the stock just a measly 1.93 below where it’s trading then…
#ShortStrangles – WYNN did it to me again….same as last quarter. Changed earnings dates the weekend before the announcement. Had rolled my strangle into what was supposed to be the week before earnings. Plan was to then have a nice adjusting roll into earnings week. Turned out to be the week of earnings so IV exploded along with a huge move so adjusting again. Kind of a pain but has been a nice cash generator last few months.
Bought to Close WYNN APR 28 2017 120.0 Puts @ .05 (sold for 2.17)
Rolled WYNN 105 calls to May monthly 130/110 inverted @ 1.12 credit.
#ShortStrangles – Having to take care of some of these earlier than I would like but I’ll be out the rest of the week except for maybe a few last minute rolls from the phone (in between golf shots 🙂 )
Bought to Close CMG APR 28 2017 480.0 Put @ 6.10 (sold for 15.00 after multiple roll-ups)
Replacing that with:
Sold CMG MAY 19 2017 470.0 Put @ 7.01
Selling against a Jun 450 short call…
#ShortStrangles – I’m booking the quick profit since it was a decent size position (for me). Looking to sell again as the paranoia of the May 7th runoff gets wound up…
Bought to Close FXE MAY 19 2017 101.0/107.0 Strangles @ .50 (sold for 1.02)
#CoveredCalls #IRA – Sold FEYE May 5 2017 12.0 Calls @ .96
After months and months of selling I’ll finally be out at a tiny profit. Sold this last batch in earnings week so great premium. Of course, now that my upside is capped, it’ll jump 50 percent on the announcement…LOL
#Earnings #ShortStrangles – Could let this thing go at breakeven today but….it’s brought in nice premium so I’m gonna give it another week and try to get one side to expire then work with the other side for awhile.
Rolled 815/800 inverted strangle out to next week’s 817.5/815 inverted @ .20 credit.
New position is now 817.5/815 inverted @ 15.33
I’d prefer the call side to expire since the put should be easier to roll. Another option would be to roll whatever side is left out to a new, wider strangle.
A new ticker I’m adding. Super low margin with decent liquidity and premium…
Sold FXE MAY 19 2017 101.0/107.0 Strangles @ 1.02
Joining TLT, GLD, EWW in my #PerpetualRollingStrangles experiment…
#ShortStrangles – Rolled this week’s 295 put out to May monthly @ 3.00 credit. Sold against a 300 call…
Position now 295/300 strangle @ 8.65
#FallingKnife – 10 year low…anyone like hot chocolate?
#LongCallDiagonals – Earnings next week so rolling this thing up to at the money. Paying a small debit but that’s ok since this short call has accumulated 13.00 in premium so far.
Rolled Apr 21st 840.0 call to Apr 28th 855.0 @ .75 debit
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
#LongCallDiagonals #IRA – Still selling weeklies while she rests…
Bought to Close JPM APR 21 2017 87.0 Calls @ .04 (sold for .47)
Sold JPM APR 28 2017 86.5 Calls @ .45
#ShortStrangles – Looks like the short term run is over. Closing put side of strangle at even and re-selling in the same expiration where I rolled the calls earlier.
Bought to Close EWW APR 21 2017 52.5 Puts @ 1.73 (sold for 1.75)
Sold EWW MAY 12 2017 49.0 Puts @ .61
New position is now May 12th 49/50 Strangles @ 1.43
#Earnings – Bought to Close ISRG APR 21 2017 720.0 Put @ .05
This leaves 5.04 of premium from the original strangle. Still sitting on the short 800 call.
Also:
Sold ISRG APR 21 2017 805.0 Put @ 6.40
Position is now 805/800 inverted @ 11.44 credit. That give plenty of maneuvering room for an end of week roll if needed. Not ideal but could still work out unless ISRG pulls a CMG and goes to 1000!
#ShortStrangles – Bought to Close CMG APR 21 2017 455.0 Put @ .10 (sold for 6.15 after a couple roll ups)
Still have the short 440 call from the other side of the strangle. With earnings next week I could roll it up a few strikes and sell another aggressive put or just split it up into a new strangle…
From a newsletter I receive…FWIW
#Earnings – Is this crazy? Breakeven at 8.05. Risking .05 to make .95 About like a hand of blackjack…
Sold RENN APR 21 2017 9.0/8.0 Bull put spreads @ .95
#IronCondors – Legging in staying small. Low (zero?) risk with decent return.
Yesterday Sold Apr 21st 2360/2365 Bear call spreads @ 1.00
Today Sold Apr 21st 2330/2325 Bull put spreads @ 1.55
2.55 credit on 2.50 wide condors. Now risk free but need to hold 2330 by end of week. Let ‘er ride!
Rolled Apr 28th 119.5 calls to Jun 120 monthlies @ .10 credit
Rolled Apr 28th 119.0 calls to Jul 120 monthlies @ .02 credit
Replacing a fairly sizable expiration this week with next week’s:
Sold TLT APR 28 2017 123.5 Puts @ .82
#Earnings #IronFlies – Bought to Close GS APR 21 2017 222.5/225.0/227.5 iron flies @ 2.28 (sold for 2.14)
Taking tiny loss and looking for other opportunities…
#Earnings #ShortStrangles – Bought to Close NFLX APR 21 2017 140.0/165.0 Strangles @ .40 (sold for 3.80)
Sold to Close NFLX JUN 16 2017 100.0 Puts @ .08 (bought for .17)
🙂 🙂
#Earnings #IronFlies – Having a pretty good year in this ticker so risking a few shekels with iron flies…
Sold GS APR 21 2017 222.5/225.0/227.5 iron flies @ 2.14
Risk 36 to make 214 per fly. 2.50 wide with an expected move of 1.60
#Earnings #ShortStrangles – No position in this thing right now so taking a fairly aggressive, slightly bullish shot.
Sold NFLX APR 21 2017 140.0/165.0 Strangles @ 3.80
No nukes over the weekend so re-covering my short emini with a put. I’ll also add a buy stop on the emini at breakeven and sell a call to re-establish the short position if stopped out.
Emini contract short @ 2339.0 with a buy stop at that level
And:
SOLD /ES MAY 17 (Wk3) 2275 PUT @ 23.00
SOLD /ES MAY 17 (Wk3) 2375 CALL @ 12.00
Max gain on this position if we continue down is 99 points. I’d also have the option of rolling the put further out and down if needed.
http://www.cnbc.com/2017/04/13/musk-says-tesla-set-to-unveil-semi-truck-in-september.html
#Futures – Been selling puts against the short emini gradually raising it’s basis. Closing the put for the weekend for a little extra protection.
Bought to Close /ES MAY 17 (Wk3) 2340 PUT @ 38.75
Anyone feel the rumble? That would leave a nice divot in North Korea too.
http://www.independent.co.uk/news/world/americas/gbu-43b-mother-of-all-bombs-massive-ordnance-air-blast-afghanistan-isis-a7682996.html
#IRA – Adding to an existing position…
Sold UVXY SEP 15 2017 30.0/40.0 Bear call spread @ 1.25
#ShortStrangles – As long as the stock is grinding around in between the strikes I’ll keep rolling for good cash.
Rolled Apr 13th 120/105 inverted strangles to Apr 28th @ 1.80 credit.
This is another roll into the week before earnings…
#ShortStrangles – Pretty aggressive but with earnings the following week a roll should be easy…
Rolled Apr 28th 410.0 call down to 380.0 @ 3.62 credit (filled well above the mid)
Current position is now Apr 28th 380 straddle @ 16.32
#PerpetualRollingStrangles – Collecting some more nice weekly dividends…
Rolled Apr 13th 119.5 calls to May 5th 120.0 @ .09 credit
Rolled Apr 13th 121.5 puts to Apr 21st 122.0 @ .76 credit
Rolled Apr 13th 122.0 puts to Apr 21st 123.0 @ .92 credit
And to add a few more long deltas I’m pulling the May monthly puts in and up a little:
Bought to Close TLT MAY 19 2017 116.0 Puts @ .32 (sold for .69)
Sold TLT APR 21 2017 123.5 Puts @ 1.53
#IRA #ShortPuts – Re-loading but plenty of dry powder for lower strikes.
Sold SVXY MAY 19 2017 90.0 Put @ 2.75
Sold SVXY JUN 16 2017 80.0 Put @ 2.75
Sold SVXY SEP 15 2017 70.0 Put @ 3.25
Sold SVXY JAN 19 2018 60.0 Put @ 4.00
#ShortStrangles – Adding another one. This is my widest one so far in this expiration.
Sold SVXY JAN 19 2018 55.0/255.0 Strangle @ 5.75
#ShortPuts – Margin freebie against short calls…
Sold SVXY JAN 19 2018 55.0 Put @ 2.50
#LongCallDiagonals – Taking a little risk off the table with this big up move finally stalling and earnings coming up. Not up as much as the AMZN trade but still up considerably from Nov 15th when the trade started.
Rolled Jan 2019 650 call up to 750 @ 74.08 credit.
#IRA #ShortPuts – Caught a downgrade last week by some “expert”. Looks like it’s heading to the 200ma so taking some risk off. I’ll look to sell again during or after earnings.
Bought to Close NVDA APR 21 2017 95.0 Puts @ .87 (sold for 1.75)
Bought to Close NVDA APR 21 2017 100.0 Puts @ 2.95 (sold for 3.10)
https://en.m.wikipedia.org/wiki/Arab_Spring
https://en.m.wikipedia.org/wiki/Black_Monday_(2011)
#ShortPuts – Playing it safe near term. Will be looking out in time and much lower strikes…possibly adding to Jan 2018 strangles.
Bought to Close SVXY MAY 19 2017 80.0 Put @ 1.08 (sold for 1.35)
Bought to Close SVXY JUN 16 2017 70.0 Put Limit @ 1.13 (sold for 3.25)
And in an #IRA :
Bought to Close SVXY APR 21 2017 105.0 Put @ .80 (sold for 2.50)
Bought to Close SVXY APR 28 2017 100.0 Put @ 1.41 (sold for 2.20)
Bought to Close SVXY MAY 5 2017 100.0 Put @ 1.73 (sold for 2.75)
Bought to Close SVXY MAY 12 2017 95.0 Put @ 1.97 (sold for 2.25)
Since this is a smaller IRA that is usually fully invested in SVXY I’m booking these and looking for lower strike opportunities vs getting tied up for months in possibly underwater positions if something crazy happens.
Selling against ITM puts…staying one week short of earnings.
Sold NVDA MAY 5 2017 105.0 Calls @ 1.35
My work is done here…best 12 bucks I ever spent!
🙂
Bought to Close SVXY APR 7 2017 143.0 Put @ 3.60 (sold for 3.50)
#ShortStrangles – Replacing this week’s…
Sold IBB MAY 19 2017 300.0 Call @ 3.00
#LongCallDiagonals – Taking a little risk off the table with this big up move finally stalling…
Rolled Jan 2019 600 call up to 750 @ 112.0 credit.
Still meandering around in between the strikes so I’m still selling and collecting…another “dividend” payment.
🙂 🙂
Rolled GLD 120.5/113 inverted out from Apr 7th to May 5th @ 1.05 credit.
#ShortStrangles – Rolled Apr 49 calls to May 12 weekly 50’s @ .48 debit
And to pay for it:
Rolled Apr 51 puts up to Apr 52.5 @ .58 credit
#IRA #ShortPuts – Playing it safe….
Bought to Close NVDA APR 21 2017 105.0 Put @ 5.10 (sold for 5.10)
Still holding 100’s and 95’s…
#IRA #BullPutSpreads – Nearing recent highs so unloading this one…
Bought to Close Apr 21 2017 28/25 Bull Put Spreads @ .60 (sold for 1.60)
#LongCallDiagonals – Making some bigger adjustments in these trades…letting the leash out a little with it on a big run…
Rolled May 19th 810.0 call to Oct 20th 850.0 call @ 3.06 debit. Rolling up along the 50ma…
Don’t mind spending 3 bucks to pick up 40 points considering the front month calls have brought in 42 points since the beginning of the trade…
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working very nicely.
#AnalystsAreIdiots – I got a little directional on my NVDA position figuring she bounces at the 50ma. Sold my calls a little looser against the ITM puts. Got what I deserved…LOL That’s why I’m no longer a directional player. Too many unknowns with some off the wall analyst talking the thing down probably looking to buy.
Rolled Apr monthly 116, 117, and 118 calls down to 108 @ .55 credit. Will roll the puts to the week before earnings then adjust from there.
Posted this last week:
#ShortStrangles -Not a big fan of this thing so getting out of the way. I’ll revisit it over earnings. Closing short call and letting short put sit for now. May still eventually roll this short call into a new strangle.
Current position: Apr monthly 255/275 strangle @ 11.53
Bought to Close TSLA APR 21 2017 275.0 Call @ 12.20
So if the put expires it’s a .67 loser. (1 contract…LOL) Might still roll this into something pretty wide to scratch out a small winner…
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Glad I got out of the way. Now trying to get back to a slight winner:
Rolled TSLA Apr 21 255 put to Apr 28 257.5 put @ .70 credit. Hopefully this is before earnings…
It warms my heart to see all the volatility selling today. My 143 put is finally doing it’s job…and could still recover by Friday!
🙂 🙂 🙂
#ShortPuts #IRA #VXXGame – Sold SVXY MAY 12 2017 95.0 Put @ 2.25
#LongCallDiagonals – Selling next week’s calls against Jan 2019 long position. In an #IRA so have to roll…
Bought to Close JPM APR 7 2017 90.0 Calls @ .03 (sold for .23)
Sold JPM APR 13 2017 89.0 Calls @ .39
#PerpetualRollingStrangles – This week’s 119.5 puts looking safe so selling more and rolling calls.
Rolled this week’s 119.5 calls to May 5th 120.5’s @ even
And:
Sold TLT APR 13 2017 121.5 Puts @ .82
Sold TLT APR 13 2017 122.0 Puts @ 1.08
#ShortPuts #TakeOneForTheTeam I just can’t help myself. 🙂 The last three times I’ve taken one for the team have worked out ok. Got us some volatility but eventually ended up nicely profitable. Let’s try it again…
Sold SVXY APR 7 2017 143.0 Put @ 3.50
EDIT…this is also a revenge trade since I bottom ticked the closing of that last one….
#ShortStrangles – Rolling and selling. Replacing yesterday’s closed calls…
Rolled 113 puts to next week @ .52 credit.
Against those added these:
Sold NVDA APR 21 2017 116.0 Call @ 1.00
Sold NVDA APR 21 2017 117.0 Call @ .84
Sold NVDA APR 21 2017 118.0 Call @ .71
#ShortPuts #VXXGame – Late fill…
Bought to Close SVXY APR 13 2017 95.0 Put @ .10 (sold for 2.25)
#ShortStrangles – Current position is Apr 13 425 straddle @ 10.72. To get this into a little better rolling into earnings position I’m closing the put. Not booking the profit yet though…I’ll carry it into the new position for some cushion. Also, splitting the ITM call into a new slightly higher straddle another week out. One side will expire and then I can roll the other side into high IV of earnings week.
Bought to Close CMG APR 13 2017 425.0 Put @ 2.10
Rolled APR 13 425.0 Call to APR 21 430.0 Straddle @ 2.80 credit
New position: Apr 21st 430.0 Straddle @ 11.42
#ShortStrangles – I had gone inverted on this and had been rolling collecting decent premium. Taking my chance here to get “un-inverted”. Stock looks like it wants to go higher so will wait to resell the call side.
Bought to Close NVDA MAR 31 2017 108.0 Calls @ 1.17 (sold for 1.90)
Still holding 113 puts for tomorrow…
#ShortStrangles – Adjusting my other REGN strangle. Going aggressive since this expires before earnings. Anything in trouble can be rolled into high IV of earnings week.
Rolled Apr 28th 350 put up to 380 @ 4.50 credit.
Position is now Apr 28th 380/410 Strangle @ 12.70 so breakeven of 367.30 up to 422.70
#IRA #LongCallDiagonals – GS worked nicely so getting back in with a long term modified Whiz trade on JPM. Buying a 2019 call and selling a lower 2019 bull put spread against it to help finance the call purchase. Then…selling front month calls against it. Front month calls only need to bring in 20 cents a week to pay for the opening debit. Risk is stock dropping below 2019 bull put spread but with losses limited I’d get the stock at a reasonable price.
Bought JPM Jan 2019 70 calls and sold Jan 2019 60/50 bull put spreads @ 20.05 debit.
Then:
Sold JPM APR 7 2017 90.0 Calls @ .23
Accumulated a few shares on the dip. Never really expected to make much on these. Taking the profit as a nice gift after a 10 point move in 24 hours. Wow…
Sold XIV @ 73.95 (bought for 69.30)
Bought to Close IBB MAR 31 2017 300.0 Call @ .10 (sold for 1.75)
Rolled this week’s 297.5 Put out to Apr monthly 295.0 @ .90 credit
Against that:
Sold IBB APR 7 2017 295.0 Call @ 2.04
#ShortPuts #TakeOneForTheTeam -The last two times I’ve taken one for the team have worked out ok. Got us some volatility but eventually ended up nicely profitable. Let’s try it again…
Sold 1 SVXY MAR 31 2017 143.0 Put @ 3.00
And adding one out in Jan 2018 as a short call offset…I know…should’ve sold it yesterday but who knew? Incredible reversal in 24 hours.
Sold SVXY JAN 19 2018 60.0 Put @ 3.74
#ShortStrangles -This thing is a beast…I’m getting out of the way of the nearer term short calls and letting the way out of the money short puts ride. All the strangles should still be nicely profitable with no more upside risk. Still holding the Jan 2018 short calls which is plenty of short exposure for now.
Bought to Close SVXY MAY 5 2017 160.0 Call @ 2.84 (80/160 sold for 3.00)
Bought to Close SVXY MAY 19 2017 170.0 Call @ 2.10 (80/170 sold for 3.45)
Bought to Close SVXY JUN 16 2017 200.0 Call @ .60 (70/200 sold for 3.85)
Bought to Close SVXY SEP 15 2017 235.0 Call @ 2.17 (65/235 sold for 5.75)
Bought to Close SVXY SEP 15 2017 240.0 Call @ 1.98 (60/240 sold for 5.15)
#ShortStrangles -Not a big fan of this thing so getting out of the way. I’ll revisit it over earnings. Closing short call and letting short put sit for now. May still eventually roll this short call into a new strangle.
Current position: Apr monthly 255/275 strangle @ 11.53
Bought to Close TSLA APR 21 2017 275.0 Call @ 12.20
So if the put expires it’s a .67 loser. (1 contract…LOL) Might still roll this into something pretty wide to scratch out a small winner…
#ShortStrangles – TT recommends rolling the un-threatened side for additional credit and even going inverted if needed. It works great but can sometimes catch you in a whipsaw. Been trying to come up with something that would defend these positions without the inversion. Whaddya think of this? Whipsaw still a concern but not as likely compared to TT strategy.
1. As one side begins getting threatened (maybe a strike or two before going itm) roll unthreatened side up to delta 30ish
2. If stock continues in same direction then roll to straddle.
3. Could even skip step two and go straight to step four
4. At or slightly prior to threatened side going itm:
a. Book big gains on non threatened rolls
b. Roll threatened side into a NEW strangle in same expiration for as close to a credit as you’re comfortable with.
5. New strangle wouldn’t be worth much since you’re splitting original premium in that position between two new positions or could just split all premium including rolls but not book it until position is closed.
6. Manage new strangle same way.
Delta adjustment rolling put up to the 50ma support…
Rolled Apr monthly 240 put up to 255 @ 2.95 credit.
Position is now 255/275 strangle @ 11.51
#ShortStrangles – My only real problem child at this point. Had 105/100 inverted strangles and then rolled 105 puts up to 113 for this week. That’s gonna be a nice winner but calls not so much so rolling 100 calls out 2 weeks (avoiding earnings week for now) into new strangles. Will roll again once earnings week is announced. I like rolling into the high IV of earnings. Gives a great opportunity to adjust the strikes even more than usual.
Rolled this week’s 100 calls to Apr 13th 105/120 inverted strangles @ 1.10 credit
#CoveredCalls #VXXGame – Was holding stock at a 120.75 basis covered by 127 calls for this week. Sold stock in pre-market @ 128.30.
And:
Rolled 127 calls to Jan 2018 225, 230, and 235 strikes for a total credit of .95
#Futures – Short /ES against short Apr 2350 put. Rolling the put down and out to June to increase downside protection a little.
Rolled /ES Apr 2350 Put to Jun 2300 @ 3.25 credit
