Looking at 5 wide iron fly on 8 dollar move…
Author Archives: fuzzballl
/ES
#Futures -Taking a little risk off…
Bought to Close /ES MAR 17 2200 PUT @ 2.50 (sold for 12.25)
Bought to Close /ES MAR 17 2270 PUT @ 5.50 (sold for 10.25)
Still holding April 2200 sold for 22.00…
FSLR earnings
#Earnings – Using this bounce today to get out at even. Trade may still work but happy to move on…see ya in 3 months FSLR!
Bought to Close FSLR FEB 24 2017 37.5/34.5 Bull Put Spreads @ 1.50 (sold for 1.50)
NVDA adjustment
#ShortStrangles – Some sort of downgrade on it this morning…booking profit on calls sold a couple days ago and selling new ones a little closer in. Selling against March 105 puts…
Bought to Close NVDA MAR 31 2017 124.0 Calls @ .52 (sold for 1.09)
Sold NVDA MAR 17 2017 110.0 Calls @ 1.60
REGN adjustment
#ShortStrangles – Not sure what’s going on with it but rolling call down a little for additional premium in March strangle.
Rolled March monthly 395 call down to 380 @ 2.25 credit.
New position is 360/380 strangle @ 14.07 credit
TSLA earnings (and new position)
#Earnings #ShortStrangles – Everything looked great until 5 minutes before the open..LOL No interest in owning it at 260 so bailed with a small profit.
Bought to Close TSLA FEB 24 2017 260.0/300.0 Strangles @ 3.93 (sold for 4.65)
Then:
Sold TSLA MAR 17 2017 240.0/280.0 Strangle @ 5.51
DISH earnings
#Earnings – Bought to Close DISH FEB 24 2017 60.0 Puts @ .05
Order in to close the calls also…
Thanks Jeff!!
CMG Strangle
#ShortStrangles – Closing the put side of March 370/450 strangle…Any more weakness I’ll be looking to sell it again.
Bought to Close CMG MAR 17 2017 370.0 Put @ .25 (sold for 2.85)
NVDA
#ShortCalls – Closed call side of March monthly strangles last week. Moving out a little and selling more on this bounce. Still short March 105 puts…
Sold NVDA MAR 31 2017 124.0 Calls @ 1.09
I’ll add puts once the March puts get a little air under them…
FSLR earnings
#Earnings – Trying something for fun…even if it implodes I’ll get the stock at a decent basis to sell covered calls. If it works, it’s a big juicy winner. Playing it directionally to the upside needing half the expected move.
Sold FSLR FEB 24 2017 37.5/34.5 Bull put spreads @ 1.50
Earnings possibilities?
Looking at FSLR and MBLY so far….
GOOGL roll
#LongCallDiagonals – Making some bigger adjustments in these trades…letting the leash out a little with it on a big run…
Rolled Mar 3rd 825.0 call to Apr 21st 840.0 @ .85 credit
Picking up 15 points and bringing in a little scratch…
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
AMZN roll
#LongCallDiagonals – Making some bigger adjustments in these trades…letting the leash out a little with it on a big run…
Rolled Mar 10th 785.0 call to May 19th 810.0 @ 3.00 debit
Don’t mind spending 3 bucks to pick up 25 points considering the front month calls have brought in 45 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 nicely.
SVXY strangle
Adding one out in September….
Sold SVXY SEP 15 2017 60.0/240.0 strangle @ 5.15
REGN new
I’d like to have 2 of these going all the time…adding a second one.
Sold REGN MAR 31 2017 330.0/420.0 Strangle @ 5.69
NVDA legging out
#ShortStrangles – Closing the call side of my March 105/130 strangles…
Bought to Close NVDA MAR 17 2017 130.0 Calls @ .18 (sold for 1.14)
Still sitting on the short 105 puts…
IBB
#IRA #ShortPuts – Trimming a little risk here 30 days early…
Bought to Close IBB MAR 17 2017 250.0 put @ .35 (sold for 3.75)
UVXY
#IRA – Sold UVXY SEP 15 2017 30.0/40.0 Bear call spreads @ 1.20
SVXY
#IRA #ShortPuts – Sold SVXY MAR 31 2017 95.0 Put @ 2.50
NTAP earnings
Moved outside the iron fly to the upside…
Bought to Close 37/39/41 iron flies @ 1.90 (sold for 1.50)
and:
Sold NTAP FEB 17 2017 41.0 Puts @ .21 (one extra vs flies)
Of course…as I type this both original earnings trades would be profitable. You never know!
TRIP earnings
#Earnings – Sold off outside my strangle so goal was to get out at even…I’ll take it.
Bought to Close TRIP FEB 17 2017 49.0/59.0 Strangles @ 1.20 (sold for 1.20)
TLT
#PerpetualRollingStrangles – Replacing this week’s expirations…
Sold TLT FEB 24 2017 119.5 Calls @ .59
Sold TLT FEB 24 2017 120.0 Calls @ .41
NTAP earnings
#Earnings – Sold 37/39/41 iron flies @ 1.50. Risk .50 to make 1.50 selling two wide on a 2.35 expected move.
Rolled Gold (GLD)
#PerpetualRollingStrangles – Stuck right in between the inverted strikes. I’ll roll and collect more premium while leaving the strikes alone. At some point one side will expire.
Rolled this week’s 119/113 inverted strangles to Mar 3rd @ .60 credit
TRIP earnings
#Earnings #ShortStrangles – Playing it slightly bullish. Selling at the expected move on the downside and above the expected move on the upside. Hasn’t traded below 45 in 4 years…
Sold TRIP FEB 17 2017 49.0/59.0 Strangles @ 1.20
FFIV earnings
#Earnings – Took a couple weeks but out at even…
Sold to close FFIV stock/covered calls @ 135.65
SVXY strangle
#ShortStrangles – Sold SVXY JUN 16 2017 70.0/200.0 Strangle @ 3.85
IBB delta adjustment
#ShortStrangles – Rolled put side of March strangle up a little to capture some more premium. Still net short but not AS short.
Rolled March 260 put up to 280 @ 2.53 credit.
Position is now 280/290 strangle @ 8.58 credit
AMZN roll
#LongCallDiagonals – Still easing it up a little at a time…
Rolled this week’s 782.5 call to Mar 10 785.0 @ .15 debit
Taking advantage of the pullback and paying a small debit to pick up 2.5 points in the strike price.
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
GOOGL roll
#LongCallDiagonals – Still easing it up a little at a time…
Rolled this week’s 820.0 call to Mar 3rd 825.0 @ even
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
NVDA
#ShortPuts #IRA – Looking for a bounce eventually…
Sold NVDA APR 21 2017 105.0 Put @ 5.10
Sold NVDA APR 21 2017 100.0 Puts @ 3.10
Sold NVDA APR 21 2017 95.0 Puts @ 1.75
/VXJ7 quickie…
Sold last night and covering today. Thought we might get a little more drop but I’ll gladly take the .20 gain…
Bought to Close /VXJ7 @ 14.85 (sold for 15.05)
REGN aggressive roll
Rolling put side of March strangle up to the 50ma…
Rolled Mar 330 put up to Mar 360 @ 5.17 credit.
New position is now 360/395 strangle @ 11.82
AMZN Whiz trade…
Fun little Whiz trade from last week. I did it very small…
Bought to Close AMZN FEB 17 2017 800.0/797.5 Bull put spreads @ .04 (sold for .60)
SVXY long call
With this move today I feel like I need to trim a little of my higher risk long exposure…
Sold to Close SVXY JAN 18 2019 70.0 Call @ 73.16 (bought for 40.20)
/ES roll
Joining fibwizard with some rolls…
Bought to Close /ES MAR 17 2150 PUT @ 2.45 (sold for 15.00)
Sold /ES MAR 17 2270 PUT @ 10.25
I’ll re-short /ES with a close below 2300 to cover these. Until then, I’ll keep selling.
SVXY for the team :)
Still trying to take one for the team…
Sold SVXY FEB 24 2017 131.0/126.0 Bull put spreads @ 2.13
SVXY strangles
#ShortStrangles – Been watching you guys selling these for awhile now. Think I finally have to jump in…thanks!
Sold SVXY SEP 15 2017 65.0/235.0 Strangle @ 5.75
Sold SVXY JAN 19 2018 60.0/240.0 Strangle @ 10.10
REGN roll
Tightening up the March strangle a little bit now that earnings are over.
Rolled Mar 310.0 put up to 330.0 @ 2.20 credit.
New position is now 330/395 strangle @ 6.65
VIX futures
Bought to Close March /VX @ 13.45 (sold for 13.95)
I’ll take the half point now…don’t like holding these short over the weekend.
TLT rolls
#PerpetualRollingStrangles – Doesn’t look like much but adds up over time…
Rolled this week’s 119.5 calls to next week’s 120.0 @ .07 credit
Rolled this week’s 120.5 calls to next week’s 121.0 @ .38 credit
NVDA back in
#ShortStrangles – Sold NVDA MAR 17 2017 105.0/130.0 Strangles @ 3.16
NVDA earnings
This could be the biggie depending on how far I wanna push it…
Original position is 120/115 inverted strangles @ 9.85 (that’s a long story posted elsewhere)
Could close now for a 3 dollar winner but I’d like to see it back inside the strangle this afternoon for 5 dollar winner. If it tanks this afternoon I’ll take my chances rolling and collecting more premium. This one is always on the TT high IV list so either way, I’ll still carry a position on it. Looking out to March monthly for a new strangle if this one closes.
ATVI earnings
#Earnings – Having to work on this one a little bit after the two and half times the expected move…
Originally Sold 37/39.5/39.5/42 iron flies @ 1.95
then:
Bought to Close 37/39.5/39.5/42 iron flies @ 2.40 (saved 15 cents over max loss)
also:
Sold ATVI FEB 10 2017 45.0 Puts @ .35 (sold one extra vs #of flies)
Long story short…if the 45 puts expire the entire trade will cover my gambling on the golf course this weekend. 🙂
EXPE earnings
#Earnings – Small winner…could’ve been a big winner now. 😦
Bought to Close EXPE 118/123/123/128 iron fly @ 2.63 (sold for 4.00)
REGN again…
Pretty good week in this ticker…
#ShortPuts #IRA – Bought to Close REGN FEB 17 2017 325.0 Put @ .30 (sold for 7.50)
REGN earnings
#Earnings – After a wild news/earnings driven roller coaster ride I’ll gladly book this one…
Bought to Close REGN FEB 10 2017 335.0/370.0 Strangle @ .80 (sold for 4.70)
GOOGL roll
#LongCallDiagonals – Still easing it up a little at a time…
Rolled this week’s 817.5 call to Feb 17 820.0 @ .10 credit.
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
FFIV
#CoveredCalls – Received stock from an earnings strangle last week. Massive reversal blowing through my first covered call so rolling out and up to capture another dollar.
Rolled this week’s 135 calls to Feb 24th 136 @ even.
/ES Hedge
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…
REGN earnings strangle…
335/370 @ 4.70
Out all day…sending from phone.
IBB
#ShortStrangles – Cleaning up the straggler of an old strangle…
Bought to Close IBB FEB 17 2017 260.0 Put @ .13 (sold for 2.40)
REGN earnings
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…
REGN quickie
#ShortStrangles – Trying to sneak one in before earnings next week…
Sold REGN FEB 10 2017 340.0/370.0 Strangle @ 3.25
TLT
#PerpetualRollingStrangles #ShortStrangles – Enjoy this position so much I’m increasing the size a little.
Sold TLT MAR 10 2017 116.0/122.0 Strangles @ 1.31
/YM scalp
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… 😦 😦
REGN earnings
The date finally matches the IV. Moved back to Feb 16 now…
TLT
#PerpetualRollingStrangles – Replacing this week’s expiration.
Sold TLT FEB 10 2017 119.5 Calls @ .69
TDA counter offer to tastyworks
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.
SVXY
Sold SVXY MAR 10 2017 100.0 Put @ 2.55
Sold SVXY MAR 24 2017 90.0 Put @ 2.50
AMZN roll
#LongCallDiagonals – Still easing it up a little at a time…
Rolled this week’s 777.5 call to Feb 17 782.5 @ .34 debit
Taking advantage of the pullback and paying a small debit to pick up 5 points in the strike price.
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
CMG again
#ShortStrangles – Sold CMG MAR 17 2017 370.0/450.0 Strangle @ 5.85
CMG earnings
#Earnings – Bought to Close CMG FEB 3 2017 400.0/450.0 Strangle @ .50 (sold for 4.40)
AMZN earnings
#Earnings – Bought to Close 810/840/840/870 iron fly @ 26.22 (sold @ 26.25)
Happy to be out even…
CMG earnings
Sold CMG FEB 3 2017 400.0/450.0 Strangle @ 4.40
AMZN earnings
#Earnings – Sold 810/840/840/870 iron fly @ 26.25
Risk 3.75 to make 26.25. Sold 30 wide on a 35.75 expected move.
SVXY
This was sold originally to help finance the long call of the #LongCallDiagonals . With the adjustment yesterday I don’t really need it anymore so booking a little winner.
Bought to Close SVXY JAN 18 2019 50.0/30.0 Bull put spreads @ 5.80 (sold for 6.80)
REGN
#ShortStrangles – Bought to Close REGN FEB 3 2017 325.0/400.0 Strangle @ .25 (sold for 4.85)
Completely out of this in regular account for the first time in a long time. Waiting now to sell a fairly aggressive earnings strangle.
SVXY adjustment
OK…here’s what I did…gulp. Since it’s in an #IRA I can’t leave the short call naked so wanted to do something to get it out of the way of the long call profit.
Bought to Close SVXY JUN 16 2017 115.0 Call @ 22.20
Sell to Open SVXY SEP 15 2017 200.0/170.0 Bull put spread @ 24.70
So….a 2.50 credit for the roll and 3.00 for the original call sale for a total of 5.50 on the 30 wide spread. Now let’s say when Sept. rolls around SVXY is trading at 30. I would own 100 shares at a basis of 54.50. Not bad when you factor in all the other shares that would be in the position at much much lower prices from put exercises and outright stock buys…( I actually hope this happens!)
If we don’t get an implosion (not likely) this position would still have a shot at expiring worthless.
Now…the rest of the story:
Still holding Jan. 2019 70 strike long call currently at 65.75 (bought for 43.00) so nicely green. Also still holding Jan 2019 50/30 bull put spreads that are working. I can now manage these as necessary without the short call issue. Seems worth the hassle to hang onto the big gains…
For everyone else that’s looking to re-load on SVXY, this adjustment almost guarantees that the opportunity will be here soon! 🙂 🙂
SVXY
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.
IBB
Bored….selling against March 290 call. Feb 260 put looking safe.
Sold IBB MAR 17 2017 260.0 Put @ 2.75
SVXY
#IRA that is all cash so starting a little nibbling with some #ShortPuts …..
Sold SVXY MAR 17 2017 80.0 Put @ 2.20
Sold SVXY JUN 16 2017 70.0 Put @ 4.60
GS and SVXY
#BullPutSpreads – Not much free time today or tomorrow so taking off a little risk…
Bought to Close GS FEB 17 2017 235.0/230.0 Bull put spreads @ 2.43 (sold for 2.45)….breakeven
And the “take one for the team trade” is still a winner…LOL
Bought to Close SVXY FEB 17 2017 110.0/105.0 Bull put spreads @ 1.57 (sold for 2.25)
FFIV earnings
#Earnings #CoveredCalls – Originally sold 145/142 bull put spreads @ 1.25.
Stock tanked so sold long 142 puts @ 4.95. I’ll be assigned stock at 145 with a basis of 138.80 so:
Sold FFIV FEB 10 2017 138.0 Calls @ 2.05
Sold FFIV FEB 10 2017 139.0 Call @ 1.60
NVDA….pulled a WYNN
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.
Options Bistro 