I let a few go all the way to the finish line this week…
EBAY 29 Calls (sold for .35)
EWW 44 Calls (sold for 1.57)
GLD 116 Calls (sold for 3.35)
TLT 122 Calls (sold for 1.35)
Author Archives: fuzzballl
AMZN call
Since this is in an #IRA I can’t sell the new one until closing the old one. So, to take advantage of the weekend:
Bought AMZN NOV 18 2016 765.0 Call @ .16 (sold for 2.50)
Sold AMZN NOV 25 2016 777.5 Call @ 3.43
SVXY put
Bought to Close SVXY DEC 16 2016 40.0 Put @ .10 (sold for 2.25)
Bought to Close SVXY DEC 16 2016 45.0 Put @ .15 (sold for 2.50)
Freeing up some room in the #IRA for next selloff….
GOOGL
Sold GOOGL NOV 25 2016 795.0 Call @ 2.25
Selling against a Jan 2019 position…
EBAY
#CoveredCalls Replacing this week’s expiration…
Sold EBAY DEC 16 2016 29.0 Calls @ .52
EWW
Replacing this week’s expiration…
Sold EWW NOV 25 2016 44.0 Calls @ .40
DUST
Starting a Jan position…
Sold DUST JAN 20 2017 75.0/85.0 Bear call spread @ 1.60
GLD
Replacing today’s expiration…
Sold GLD NOV 25 2016 115.5 Calls @ .76
GOOGL call
Getting out of the way here….looking a little too close for comfort. Afraid of capping the upside on my long call diagonal. Cost myself a fortune by not getting out of the way on the similar GS position. We’ll see where she is tomorrow before selling next week.
Bought to Close GOOGL NOV 18 2016 790.0 Call @ 1.95 (sold for 2.70)
BBY earnings
Out of super bulls with 1.19 credit (bought for .03)
EWZ puts
Sold EWZ JAN 20 2017 30.0 Puts @ 0.98
REGN put
Closed a bunch of IBB yesterday so looking for some biotech exposure in the #IRA . Here’s a starter..hoping for a deeper pullback to add.
Sold REGN JAN 20 2017 350.0 Put @ 5.70
SVXY calls
#IRA #CoveredCalls Adding a point and a half and a dime credit…rolling out 2 weeks.
Buy to Close SVXY NOV 18 2016 72.0 Calls @ 6.60
Sell to Open SVXY DEC 2 2016 73.5 Calls @ 6.70
VIX call spreads
#IRA Nov 20/25 bear call spreads expired today (sold for .90 average)…first time I’ve used these but selling spreads on any small pop seems like a good bet.
GOOGL 2019 trade
The long term “Whiz” trade on GS worked so nicely, (would’ve been much better with a gradual increase!) I’m adding another one on GOOGL. Placed similar trade on AMZN after the earnings drop… #IRA
Bought to Open GOOGL JAN 18 2019 650.0 Call @ 195.00
Sold GOOGL JAN 18 2019 500.0/400.0 Bull put spread @ 12.00
And every week for the next 113 weeks (unless it’s screaming higher):
Sold GOOGL NOV 18 2016 790.0 Call @ 2.70
IBB puts
Following Ramie from yesterday. Looks like it’s rolling over at resistance with plenty of time to sell some of these again.
Bought to Close IBB Nov 18 2016 270 put @ .20 (sold for 6.50)
Bought to Close IBB Dec 16 2016 260 put @ 2.00 (sold for 6.40)
Bought to Close IBB Jan 20 2017 250 put @ 3.10 (sold for 6.60)
CVS puts
Sold CVS JAN 20 2017 70.0 Puts @ 1.45
EWW puts
Sold EWW JAN 20 2017 38.0 Puts @ 0.80
AMZN
In the #IRA selling against a long term 2019 position…
Bought to Close AMZN NOV 11 2016 785.0 Call @ .01 (sold for 6.40)
Sold AMZN NOV 18 2016 765.0 Call @ 2.50
NVDA earnings
Going 4 wide iron fly @ 3.20 with expected move of 5.
GS…impressive
Out of the trade that was discussed earlier. Still holding the Jan 2018 bull put spreads that are doing quite nicely. Might help to make up a little for my upside being capped with the short call sale. In a similar trade with AMZN Jan 2019 that I’m considering adding to also.
TLT
Bought to Close TLT NOV 18 2016 128.0 Calls @ .12
Don’t have the current basis on those since I’m a couple days behind on my paper work (gallbladder and all…LOL) I do remember that they started out higher and rolled down a couple times so decent trade.
Then:
Sold TLT DEC 16 2016 126.0 Calls @ 1.28
UVXY call spreads
Bought to Close UVXY NOV 18 2016 30.0/40.0 Bear call spreads @ .03 (sold for 1.32)
GS ideas anyone?
A few months ago I put on a long term trade in Jan 2018. Sold put spreads and bought calls and as a basis reduction was selling short term calls. I sure didn’t see a 20 point 4 day move coming so the short calls are DITM with no rolling options available without going out to April (ouch).
It’s nicely profitable so:
1. Considering just taking the whole thing off and maybe waiting for a pullback to re-enter….possibly holding the 2019 bull put spreads to at least make a little if it continues up.
2. Roll short calls out to April and see what happens. Could still close the whole thing when it finally peaks. April roll to 175 would reduce short deltas a little so not a bad deal.
3. Anything I’m missing on how to handle this? If Janet raises in December we could really see this thing head higher.
First post of the day!
After gallbladder removal yesterday! LOL Glad to be here….
REGN adjustment
Aggressive adjustment on an in and up roll. If this run up holds I’ll book the big profit on this put much sooner.
Rolled Dec 9th 365 put in and up to Nov 18th 395 @ even. This is against an ITM call in same expiration. Hopefully, the put will expire and I can book it (sold for 17.90) and then roll the ITM call out to a new strangle. It’s hard to defend an 85 point move in 4 days but this might work if it holds above 400.
SVXY adjustment
Rolled this week’s 70 strike #CoveredCalls to next week’s 72’s @ .15 debit. A little late on this…probably could’ve gotten a credit earlier.
EWW adjustment
Closing and re-selling the call side of 46/54 strangles. Still holding the Nov monthly 46 puts…
Bought to Close EWW NOV 18 2016 54.0 Calls @ .02
Sold EWW NOV 25 2016 50.0 Calls @ .65
TLT
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)
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
