Bought to Close TLT NOV 11 2016 131.0 Calls @ .06 (sold for .71)
Sold TLT NOV 18 2016 128.0 Calls @ .75
Selling every week against DITM puts…(similar to a covered call at this point)
Author Archives: fuzzballl
WYNN
Bought to Close WYNN NOV 11 2016 92.0 Calls @ .07 (sold for 2.35)
Sold WYNN NOV 18 2016 89.0 Calls @ .90
Selling every week against DITM puts…(similar to a covered call at this point)
GLD adjustment
Rolled 121 calls out a week @ .30 credit selling against 122 puts.
AAPL
Bought to Close AAPL NOV 11 2016 112.0 Calls @ .11 (sold for 1.15)
Sold AAPL NOV 18 2016 109.0 Calls @ 1.32
Selling against Dec 2nd 110 puts…
/VX VIX futures…book ’em!
Bought to Close Dec /VX @ 16.85 (sold for 17.32 average)
IBB REGN
Biotech pretty happy with a Trump win…LOL
/ES short call
Bought to Close /ES DEC 16 2140 CALL @ 18.50 (sold for 21.50)
/ES /VX
Took off part my /ES downside hedge yesterday (short future/short put) leaving me with a short Dec 2140 call sold for 21.50. Just for fun I’m shorting a Dec VIX future against this position. One side has to do ok on a big move either way…or…best case scenario is a volatility collapse with no associated market movement.
Can’t resist…gotta do something for the big event this evening. BTW…tastytrade doing a special this evening at 6pm central as first polls close.
REGN adjustment
Rolled 355 short call out to next week’s 357.5 @ 1.00 credit. Still short against a Dec 9th 365 put.
CMG adjustment
Rolled 362.5 short call out to next week’s 365 @ even. Trying to get a little closer to the money. Sold against a longer term short put.
/ES closing the hedge
This looked a whole lot better until yesterday evening…
Bought /ES @ 2123.50 (sold for 2161.25)
Bought /ES DEC 16 2120 PUT @ 41.75 (sold for 27.25)
Net gain of 23 points so not bad. I could sit on the put but not real comfortable with a naked put going into tomorrow.
Still short a Dec 2140 call @ 21.50 so looking to get short again up around 2160 if we keep going up…
Just got in…wow!
What the heck did you guys do? That’s a lot of green!
TLT roll
Rolled this week’s 130.5 calls to Nov 11th 131 calls @ .69 credit. Selling against longer term short puts.
REGN playing it safe
Gotta leave shortly so playing it safe. REGN screaming higher so getting out of this week’s short call since next week’s has already been sold.
Bought to Close REGN NOV 4 2016 355.0 Call @ .95 (sold for 10.30)
Doesn’t bother me paying the .95 since this was an aggressive double roll down as REGN was falling.
SVXY adjustment
This pullback has allowed me to get out of a poor trade. Originally sold SVXY #CoveredCalls in Dec and Jan WAY to early. I’ve now been able to close them at even and re-sell much closer in time to really crank up the theta.
Sold SVXY NOV 11 2016 70.0 Calls @ 2.50
FEYE roll
#CoveredCalls Rolled this week’s 12 calls out to Dec 9th 12.50’s @ .25 credit
REGN adjustment
Rolled this week’s 370 put to Dec 9th 365 put @ even. Still rolling while accumulating 17.90 premium so far. This is against shorter term calls.
Sold REGN NOV 11 2016 355.0 Call @ 2.50
This replaces today’s expiring 355 (sold for 10.30)
/ES Eminis
Had a fill last night. High IV giving nice premium on the call side too. Adding a little more downside protection at a level I wouldn’t mind shorting again. Selling against a short future/short put position.
SOLD /ES DEC 16 2140 CALL @ 21.50
IBB roll
Rolled Nov monthly 265 put to Dec 9th 262.5 put @ even. Continuing to sell weekly calls against…
UNH strangles
New position for me. Stock ran up on earnings and now has fallen back into congestion…
Sold UNH DEC 9 2016 130.0/145.0 Strangles @ 2.33
REGN adjustment
Rolling down a little to take advantage of earnings (tomorrow) premium. Gives a little more downside protection against a 370 put.
Rolled REGN 370 call down (but not out) to 355 call @ 3.30 credit.
NFLX adjustment
Rolled this week’s 125 puts to next week’s 124’s @ .74 credit.
Lowering strike price and bringing in decent premium. Sold against some slightly ITM calls.
IBM strangles
This thing is just grinding sideways right in between my inverted strangle. Not making any adjustments here…just rolling the thing straight out another week for nice premium.
Rolled IBM 155/150 inverted strangles to next week’s 155/150 @ 2.42 credit.
EBAY
Bought to Close EBAY NOV 4 2016 29.0 Calls @ .04 (sold for .91)
Sold EBAY NOV 18 2016 29.0 Calls @ .35
WYNN
Bought to Close WYNN NOV 4 2016 95.0 Calls @ .26 (sold for 2.80)
Sold WYNN NOV 11 2016 92.0 Calls @ 2.35
Still selling against ITM puts…nice weekly sales to reduce basis.
AMZN
Bought to Close AMZN NOV 4 2016 795.0 Call @ .28 (sold for 5.30)
Sold AMZN NOV 11 2016 785.0 Call @ 6.40
Selling against a Jan 2019 long position…(BuPS and long call)
FB earnings
Out of my iron flies at even…nice recovery this morning. Fuzzy happy!
/ES Eminis
Rolled my Nov 2140 covered put out and down to Dec 2120 to make a little more room to the downside. Paid a half point debit for the roll. Not much liquidity this time of night.
Turning into a pretty good hedge with a cost basis of 2190. Toughest thing at this point is deciding when to cover it. Would love to cover the short and then double dip cashing in on the short put when we head back up. 200 ma at 2076 might be a good low risk place to give it a shot. Cover there and re-sell if it doesn’t hold…
FSLR earnings
No luck yet on 2.5 wide IB @ 2.05…
FB earnings
#Earnings Gotta take a shot. Playing it slightly to the upside with wings at the 100 ma and the all time high. As usual, needing a slightly less than expected move.
Sold FB 123/128/133 iron flies @ 4.20 risking 80 to make 420 per fly. Expected move creeping up above 6 now…
BABA EA GILD HLF earnings iron flies
Initial moves out near my limits on most of these so closing all for small winners…no interest in messing with these all week. Didn’t make a ton but no losers!
BABA closed for .13 gain
EA closed for .48 gain
GILD closed for .37 gain
HLF closed for .07 gain
EA earnings
What the heck…this one worked last time…
75/78/81 @ 2.50
VRX?
What the heck was that?
BABA GILD HLF earnings
I’ve had a pretty good earnings season (thanks GOOGL!) so taking a few low probability but low risk trades. Not interested in any of these for longer term stuff so going with iron flies inside the expected move on all 3.
BABA 97/100/103 @ 2.52. Risking 48 to make 252 per fly (expected move 4.15)
GILD 71.5/73.5/75.5 @ 1.64. Risking 36 to make 164 per fly (expected move 3.05)
HLF 56/59/62 @ 2.47. Risking 53 to make 247 per fly (expected move 4.63)
SVXY puts
Sold SVXY MAR 17 2017 40.0 Put @ 2.80
Sold SVXY MAR 17 2017 45.0 Put @ 4.00
GLD roll
Rolled this week’s 120.5 calls to next week’s 121’s @ .25 credit. These are sold against Nov monthly 122 puts…
XLE roll
Rolled almost worthless Nov 74 calls out to Dec 72 calls @ .75 credit. Might as well put ’em to work instead of waiting 3 weeks for a nickel…
Still holding Nov 66 puts…
VIX call spread
Gradually adding to existing position…
Sold VIX DEC 21 2016 20.0/25.0 Bear call spread @ .80
AAPL roll
Was short Dec 2nd 110/123 strangles. 123 calls almost worthless so taking them out and down a little.
Rolled Dec 2nd 123 calls to Dec 16th 120 calls @ .48 credit. Still holding the shorter term puts and still net long delta overall.
No trades!
Haven’t done a thing this week yet. Can’t find much to complain about. Watching WYNN and REGN earnings closely since I’ve got a couple positions there. Looking closely at VIX and UVXY call spreads into the election…leaving room to add if Trump wins.
Expiration
Had a couple this week that I let go all the way to the end…
BMY Oct 48.5 Puts (sold for .55)
REGN Oct 372.5 Call (sold for 4.00)
AMZN long term
Doing a Whiz type trade on this. He’s been suggesting AMZN for awhile but I’ve been waiting for a pullback. Mine is modified slightly from his. He buys a 2019 put and I sell a bull put spread instead. Similar loss profile but cheaper up front. Selling weeklies to pay the bill. Even if AMZN stays flat forever, with a conservative weekly call sale of about 4 bucks, this trade makes 22 grand. Obviously, the risk is AMZN tanking to below 500 where I would own the stock.
Sold 1 AMZN JAN 18 2019 500.0/400.0 Bull put spread @ 14.85
Bought 1 AMZN JAN 18 2019 600.0 Call @ 258.85
Sold 1 AMZN NOV 4 2016 795.0 Call @ 5.30
I’ve been in a similar trade on GS for about 2 months….it’s working great. Planning on exiting it in December after the rate hike and banks spike.
NFLX puts
Already sold next week’s and like Jeff says, not risking an afternoon dump. These were sold right after earnings and then rolled up a couple times for additional premium. I’ll take it since I was kinda pressing my luck to begin with.
Bought to Close NFLX OCT 28 2016 125.0 Puts @ .05 (sold for 3.10)
IBB calls
This was more of a scalp than anything…selling against a monthly put. Booking it and re-selling out in the monthly expiration.
Bought to Close IBB NOV 4 2016 280.0 Call @ .15 (sold for 2.40)
Sold IBB NOV 18 2016 275.0 Call @ 3.00 against a 265 put
WYNN calls
Since I’ve already sold next week’s calls…and I absolutely do not want to be double exposed going into earnings week, I’m taking these off with nice profits.
Bought to Close WYNN OCT 28 2016 97.0 Calls @ .10 (sold for 1.79)
NFLX puts
Replacing this week’s expiration…selling against slightly in the money calls.
Sold NFLX NOV 4 2016 125.0 Puts @ 1.25
REGN call
Replacing this week’s expiration…
Sold REGN NOV 4 2016 370.0 Call @ 7.00
AMZN and GOOGL iron flies
Bought AMZN 795/825/860 iron fly @ 33.15 (sold for 31.50) Loss of 1.65 which is less than half of max
Bought GOOGL 795/820/845 iron fly @ 11.70 ( sold for 22.10)
Net gain of 8.75 on the two biggies…I’ll take it!
GOOGL caution! caution!
Low probability, low risk, but high reward. BTW, I’ve never had much luck with the GOOGL.
795/820/845 iron fly @ 22.10 needing a lower than expected move by quite a bit. Only risking 290 to possibly make 2210.
IBM adjustment
Rolled 152.5 puts out a week and up to 155’s @ 2.00 credit. Sold against 150 calls in the same expiration. Whichever one expires, I’ll probably roll the remaining position out into a new strangle.
AMZN iron fly
Going with 790/825/825/860 @ 31.50
35 wide on a 45 expected move skewed slightly to the upside. Risk 350 to make 3150.
TSLA…. :(
Can I have a do over? LOL…think I would’ve learned my lesson with AZO. Same thing…closing too soon. I think Jeff is right…be comfortable with max loss and let ’em ride awhile. Lesson learned.
Whew…
Sorry about all the posts…LOL Very good chance I’ll be unavailable tomorrow so taking care of some housekeeping. Now to look at some of the earnings ideas.
REGN adjustment
Rolled 377.5 put to next week 370 @ .25 credit.
Still sitting on this week’s 372.5 call (sold for 4.00). Depending on where it ends up (hopefully expired) I’ll be selling another call at some point next week. Earnings next Friday so we’ll see where it is then.
IWM adjustment
Original position of Nov 113/127 strangles @ 1.60
Even with IWM down the 113 puts still look fairly safe just below the 200ma. Calls were almost worthless so rolling them down to the 50ma which appears to be rolling over a little. Counting on some resistance there…
Rolled IWM Nov 127 calls down to 122 for .76 credit.
GLD adjustment
Rolled this week’s 120 calls to next week 120.5 calls @ .14 credit. Still selling against Nov 122 puts. Gradually reducing basis while bringing in nice weekly premium.
WYNN adjustment
Unless something crazy happens this week’s 97’s should go out worthless (sold for 1.79). Replacing with:
Sold WYNN NOV 4 2016 95.0 Calls @ 2.80
Still selling against some ITM puts so should be an interesting earnings next week.
TLT adjustment
Bought to Close TLT OCT 28 2016 133.0 Calls @ .02 (sold for 2.38)
Then:
Sold TLT NOV 4 2016 130.5 Calls @ 1.10
Used that premium to roll Nov 136 puts to Dec 134. Did the whole package for .06 credit. Reduces delta a little and now have about 6 weeks worth of weekly selling against them.
TSLA iron fly
Closed for 6.79…sold for 6.15 so a .64 loss. Worth a shot since it was a big winner last quarter. Get ’em next time!
BMY puts
TSLA earnings
Looking at iron flies. Maybe 7.5 wide on 11 dollar expected move?
SPX call spreads
Bought to Close SPX OCT 28 2016 2170.0/2180.0 Bear call spreads @ .20 (sold for 1.25)
DUST call spreads
Sold DUST DEC 16 2016 55.0/65.0 Bear call spreads @ 1.32
AAPL new strangle
Looks like I’ll be out of the earnings trade so selling another strangle. Had to use a weekly expiration to get single point strikes.
Sold AAPL DEC 2 2016 110/123 Strangles @ 1.42
CMG adjustment
Bought to Close CMG OCT 28 2016 410.0 Call @ .35 (sold for 5.30)
This was the inverted side of a strangle paired with a 430 put. Obviously the put is DITM now so looking to roll it out and down and then hammer it with weekly call sales. It’s not really as bad as it looks though. The put has accumulated 27.35 in credit after numerous rolls as well as plenty of call premium collected against it. As long as CMG doesn’t go to zero it should be alright…
AAPL earnings strangles
Busy morning….just getting in and seeing what got filled this morning.
Bought to Close AAPL OCT 28 2016 123.0 Calls @ .02
Waiting for the 113 puts for now…
CMG earnings
CMG reports tonight also. I’m not doing anything though since I’m already in a strangle I’ve been rolling around.
AAPL strangles
Not necessarily an earnings trade but if it works out then great! I’ve been wanting to add some strangles to trade around on this thing so earnings seems like a good place to sell the starter.
Sold Oct 28th 113/123 strangles @ 1.40
SPX trading with Whiz
Bear call yesterday and bull put today for this Friday. I’m much safer and wider wings than him but kinda using his idea.
2170/2180 @ 1.25 BeCS yesterday
2125/2115 @ 1.30 BuPS today
UA puts
Sold UA Dec 16 32.5 puts @ 1.30
Thoughts on this tweet?
DUST….book ’em!
Plenty of time to sell these again so not even messing with it. I’ll look to get back in if this bounce follows through.
Bought to Close DUST DEC 16 2016 60.0/70.0 Bear call spreads @ .97 (sold for 2.05)
TLT roll
Rolled 133 calls to next week’s 133’s @ .53 credit. These are sold against longer term short puts.
WYNN calls
Replacing this week’s expiration with same strike next week. Selling against short puts.
Sold WYNN OCT 28 2016 97.0 Calls @ 1.79
Rolled Gold
Rolled 120 calls to next week 120 a .45 credit. Selling against longer term puts.
Options Bistro 