$SPX 2415/2440 BUPS STO on 7/31 for 1.70 Thank you @jeffcp66
Author Archives: geewhiz112
Update on $BA Trade
This trade was based on previously posted article:
Intelligent Short Put Spread
Monthly Options
Back-test length: three-years
Open 2-days After Earnings
Close 29-days Later
Holding Period: 28-Days per Earnings
Results of Back Test
Winning Trades:
10
Losing Trades:
2
Post-Earnings Short Put Spread Return:
103.8%
Annualized Return:
113%
Closed Early
$BA BTC 8/18 255/245 BECS @ .30 STO 7/31 for 2.80
Held for 7 days rather than 29. But trade did work for me.
SPX campaign, Earnings, Sell Short Puts
#spxcampaign
SPX STO 9/8 2350/2375 BUPS @ 1.50 Thank you @jeffcp66
#earnings
$PLCE STO 8/18 110 puts @ 2.20 Thank you @jeffcp66
$GDDY STO 8/18 40 put @ .55
$TRIP STO 8/11 44 calls @ .70 Thank you @optioniceman
#shortputs
$SVXY STO 9/8 75 puts @ 1.75 Thank you @jdietz1954
$BIDU STO 210/220 BUPS @ 2.20
SPX Campaign
#spxcampaign
$SPX STO 8/23 2405/2440 BUPS @ 2.25
SPX Campaign
#spxcampaign
$SPX STO 8/23 2405/2440 BUPS @ 2.25
Short Puts $AAOI
Adding to ladder (Hope it is not slippery)
$AAOI STO 9/15 60 put @ 1.90
$AAOI STO 9/22 55 put @ 1.50
Thank you @optioniceman
$AMZN Iron Condor and Residue of 8/4 Expiration
#shortputs #shortcalls
$AMZN STO 8/18 940/950/1040/1050 @ 1.39
Residue
$AAOI STC Shares put to me at 65 (basis 62.90) @ 69.48
$WYNN STC Shares put to me at 133 (basis 129.60) @ 129.71
$ZNGA STC Shares tendered to me @3.50 (Basis 3.70) @ 3.60
Expirations
Full Profit
$STMP 125/137 BUPS #earnings Thank you @jeffcp66
$REGN 430/440/500/510 #earnings IC Thank you @jeffcp66
Losses
$AAPL 145/150/155/150 Iron Condor #earnings $76 per contract loss
$AMZN 990/1000 BUPS Full Loss
Assigned
$AAOI 65 puts (62.9 basis) Most likely sell on Monday
$WYNN 130 puts (Basis 128.1) Will sell on Monday
$ZNGA 3.50 calls (Basis 3.70) Will sell Monday
Long The Dollar
#longcalls
$UUP BTO 9/15 24 call @ .43 (Bridget at OMM)
One For The Team
#shortputs
$AAOI STO 8/18 70 put @ 3.60
SPX CAmpaign
#spxcampaign
$SPX STO 9/1 2350/2375 BUPS @ 1.40
Expired
$SPX 2425/2450 BUPS
Expired
#spxcampaign
$SPX 2425/2450 BUPS
Short Puts/Short Calls/SPX Campaign
#shortputs
$AAOI STO 9/15 65 puts @ 3.40 Thank you @ramie77
$SVXY STO 9/8 75 puts @ 2.10 Thank you @hcgdavis
#shortcalls
Following the article previously cited on $BA
$BA STO 8/18 255/245 BECS @ 2.80
#spxcampaign
#SPX STO 8/9 2415/2440 BUPS @ 1.70 Thank you @jeffcp66
Options Expiration
Full Profit (except where noted)
$SPX 2310/2335 BUPS
$SPX 2320/2345 BUPS
$AAOI 80/90 BUPS
$GOOGL 927.50/937.50 BUPS (Other half of Earnings IC closed earlier @97% profit)
$MCD 152.50/155 BUPS IC Earnings Trade (BECS part of trade reduced full profit of the IC by 50%)
$BA Earnings BUPS 210/215
$AMD 16 call (Covered)
$SVXY 55 put
$HCA 88 calls
Assignments
$HCA 83.5 puts (82.24 basis)
$WYNN 133 puts (129.50 basis)
Have a wonderful weekend.
Selling Premium
#shortputs
$AMZN STO 8/4 990/1000 BUPS @ 1.50
$WDC STO 9/15 77.50 @ 1.40 Thank you @hcgdavis
$WDC STO 10/20 72.50 @ 1.57 Thank you again
Closed Earlies
Closed Early Getting Kind of Scared
$SPX BTC 8/4 2295/2320 BUPS @ 93% profit
$SPX BTC 8/9 2510/2485 BECS @ 3.30 STO @ 1.55
$FSLR BTC 8/18 35/40 BUPS @ 65% profit (GTC order – missed the big jump this AM. Interesting how a big jump up and your stop gets hit close to the order price. When stock plummets down – rips right through my stops – Paranoia I suspect)
Expired, Closed Early and Sell Premium
Expired
#spxcampaign
$SPX 7/26 2475/2450 BECS @ Max Loss
Closed Early
#earnings
$GOOGL BTC 7/28 1017.50/1007.50 BECS @ 97% profit
#spxcampaign
$SPX BTC 7/28 2505/2480 BECS @ 56% profit
#shortputs
$NFLX BTC 8/4 200/190 BECS @53%
#shortputs
$WYNN STO 8/4 130 put @ 1.90
$SVXY STO 8/11 85 put @ 1.50
Closed Earnings Trade Early $GOOGL
#earnings
Closed Call Side Early
$GOOGL BTC 7/28 1017.50/1007.50 @ .10 STO yesterday @ 3.74.
Post Earnings Trade $GOOGL
$GOOGL STO 8/18 940/960/1010/990 Iron Condor at 11.53 OMM Trade
Food For Thought on $BA
Interesting article with good track record on trade. Of course, past performance is ….
Boeing Company (The) (NYSE:BA) : Right After Earnings, The Intelligent Options Trade
Date Published: 2017-07-20
LEDE
This is a simple option trade that starts two-days after Boeing Company (The) (NYSE:BA) earnings and lasts for the one month to follow, that has been a winner for 3 straight years.
Boeing Company (The) (NYSE:BA) Earnings
While the mainstream media likes to focus on the actual earnings move for a stock, that’s the distraction when it comes to the option market.
For Boeing Company (The), irrespective of whether the earnings move was up or down, if we waited two-days after the stock move, and then sold a one-month out of the money put spread, the results were simply staggering. We use two-days to allow the stock to fully reach equilibrium post earnings.
We can examine this intelligent approach, objectively, with a custom option back-test. Here is our earnings set-up:
Rules
- Open short put spread 2-days after earnings
- Close short put spread 29 days later
- Use the 30-day options
RETURNS
If we sold this 30/10 delta out-of-the-money put spread in Boeing Company (The) (NYSE:BA) over the last three-years but only held it after earnings we get these results:
Intelligent Short Put Spread
- Monthly Options
- Back-test length: three-years
- Open 2-days After Earnings
- Close 29-days Later
- Holding Period: 28-Days per Earnings
Winning Trades:
10
Losing Trades:
2
Post-Earnings Short Put Spread Return:
103.8%
Annualized Return:
113%
We see a 103.8% return, testing this over the last 12 earnings dates in Boeing Company (The). That’s a total of just 336 days (28 days for each earnings date, over 12 earnings dates).
We can also see that this strategy hasn’t been a winner all the time, rather it has won 10 times and lost 2 times, for a 83% win-rate.
Today’s Trades
#shortcalls
$NTES STO 8/18/330 call @ 4.60 Sold against September 280 call
#shortputs
$MOMO STO 8/11 42 puts @ 1.20 Thank you @jdietz1954
#longcalls
$VEEV STO 8/18 65/70 BUCS @ 2.00 Trade from Bridget OMM
GOOGL EARNINGS and SPX Campaign
#earningstrade
$GOOGL STO 7/28 927.5/937.5/1017.5/1007.5 Iron Condor @4.74
#spxcampaign
$SPX STO 7/31 2425/2450 BUPS @1.80
$SPX STO 8/2 2425/2450 BUPS @2.60
Today’s Trade
#Short Puts
$WYNN STO 7/28 133 puts @ 3.50 Thank you @fuzzballl
Expirations Not Pretty But Profitable
$AET 150/155 BUCS$FB 148/152.50 BUCS
$AMZN 950/960 BUPS
$MOMO 30/35 BUPS
$BABA 125/130 BUPS
$TSLA 310/320 BUPS
$SPX 2335/2360 BUPS
$TSLA 280/290 BUPS
$NFLX 140/145 BUPS
$FB 150/155 BUPS
$FB 148/152.50
$GS 200/215 BUPS
$BABA 139/145 BUPS
$NVDA 135/140 BUPS
$NFLX 143/148 BUPS
$PII 80/85/105/100 IC Earnings Trade Thanks @jeffcp66
$NKE 62.50/60 BECS
$NTES 325 Call
$WRK 55 put Thank you @jsd501
$WYNN 125 Put
$SVXY 124 put Thank you @jdietz1954
$EXAS 32 put
$AAOI 50 put
$SVXY 130 Put
$MDSO 75 Put Earnings Trade Thank you @jeffcp66
Expired With Losses
$SRPT 28/31/39.36.50 IC Earnings Trade
$JNJ 130/132/135/133 IC Earnings Trade (Not full profit BECS was a loss and led to minimal loss for IC in toto) Is that a small dog?
$UAL 77.50/80 BUCS (Total Loss)
$COST 160/165 BUPS (Total Loss)
$TSLA 345/350 BUPS (Total Loss)
$BABA 155/150 BECS (Total Loss)
$ULTA 260/270 BUPS (Total Loss)
$AAPL 155 Call
BAC 24 Call
Have a restful wonderful weekend.
Trades Today
#shortputs
$SWIR STO 8/18/30 puts @ 2.15
#shortcalls
$NFLX STO 8/4/2017200/190 BECS @ 1.90
Earnings $URI
$URI STO 7/21 112 puts @1.15
SPX Campaign Long Calls Short Puts
Closed Early
#spxcampaign
$SPX BTC 7/21 2410/2435 BUPS @ 85% profit
$SPX STC 7/21 2465/2485 BUCS @ 9.00 BTO 7/14 for 2.42 Great trade @jeffcp66
$SPX BTC 7/21 2425/2450 @.50 STO on 7/14 for 6.80 Need I say great again @jeffcp66 (YES I DO!)
#spxcampaign
$SPX STO 8/18 2540/2515 BECS @ 2.00 Thank you @jeffcp66
#longcalls
$JD BTO 8/18 42/44 BUCS @ .95 (Bridget at OMM)
#shortputs
$AAOI STO 8/11 65 put @2.25 Thank you @rknight52
$VEEV STO 8/18 60 puts @ 1.55 Thank you @jdietz1954
$BABA STO 8/18 135/145 BUPS @ 1.65
$AAOI STO 7/28 80/90 BUPS @ 3.32
Expirations and Trades
#spxcampaign
$SPX 2365/2390 BUPS STO @ 2.00
$SPX 2485/2460 BECS STO @ 1.70
Thank You @jeffcp66f for your guidance
Trades
Earnings
$JNJ STO 7/21 130/132/135/133 Iron Condor @ 1.39 Thank you @jeffcp66
$NFLX STO 7/21 152.50/157.50 BUPS @ 1.87 @jeffcp66 earnings trade
$MDSO sTO 7/21 75 put @ 1.65 @jeffcp66 earnings trade
#shortputs
Closed early half of position
$AMZN BTC 7/21 950/960 BUPS @ 88% profit
$BABA STO 8/18 130/140 BUPS @ 1.30
#longcalls
Closed early partial position
$AMZN 7/21 995/1040 BUCS @ 12% profit Was BIG loss a week ago. Not sure why I didn’t get out of entire position (Think GREED)
#spxcampaign
$SPX STO 8/18 2350/2375 BUPS @ 1.45
Rolled Long Calls
$MTN Rolled 7/21 190 call to 10/20 (colder weather) 190 call for additional 3.40 cost.
Expirations
$SVXY 115
$SVXY 140
$SVXY 145
$SVXY 150
$SPX 2255/2305 BUPS
$SPX 2325/2350 BUPS
$PEP 110/113/120/170 IC Earnings Thank you @jeffcp66
Have a great weekend
#SPX Campaign Trades and Closed Early Spreads
#longcalls
$AAPL BTO 8/18 145 calls at 5.35 Earnings and new IPhone run?
#spxcampaign
Following @jeffcp66
$SPX BTO 7/21 2465/2485 BUCS @ 2.00
$SPX STO 7/21 2410/2435 BUPS @ 2.90
$SPX STO 8/11 2530/2375 BUPS @ 1.65
$SPX STO 7/21 2425/2450 BUPS @ 6.80
$SPX STO 7/26 2475/2450 BECS @ 6.25 (Sold 7/12 Forgot to post)
#shortputs
$WYNN STO 8/18 125/135 BUPS @ 1.75
$COST STO 8/18 150/155 @ 2.25
Closed Early
$AET BTC 7/21 135/145 BUPS @ 94% profit
$TSLA BTC 7/21 390/400 BECS @ 98% profit
Expiration 7/12
#spxcampaign
$SPX 2240/2340 BUPS STO @ 4.60 on 6/6
Attaboy @alsumde
Expirations
$SVXY 113.5
$SVXY 140
Have a great weekend
BABA BUPS (Not a Rock Group)
#shortputs
$BABA STO 7/21 139/145 BUPS @ 2.88 Forexpro idea at OMM
Closed Early SPX Campaign
#spxcampaign
$SPX BTC 7/21 2515/2490 @.30 STO 6/26 @ 2.10
After The Bell
#spxcampaign
$SPX STO 7/17 2365/2390 BUPS @ 2.00
SPX Campaign and Short Puts
#spxcampaign
$SPX STO 8/18 2295/2320 BUPS @ 1.70
$SPX STO 7/28 2320/2345 BUPS @ 1.30
$SPX STO 8/18 2525/2500 BECS @ 1.80
$SPX STO 7/17 2505/2480 BECS @ 1.95
$SPX STO 7/28 2485/2460 BECS @ 1.70
Thank you @jeffcp66 the SPX Muse
#shortputs
$GS STO 7/21 200/215 BUPS @ 1.01
$SVXY STO 7/28 110 puts @ 1.50
Expiration
$SVXY 95 puts
$SVXY 152 puts
$SPX 2320/2345 BUPS
Have a great weekend.
Enjoy Canadian Independence Day.
Those choosing a loooong July 4th holiday take it easy
Thanks to all the Bistroers and the Major Dome @jeffcp66
Short Puts and SPX Campaign
$SVXY STO 7/7 140 put @ 1.25 and @1.50
$SVXY STO 7/14 150 put @ 2.70
$SVXY STO 7/14 145 put @ 2.30
$SVXY STO 7/21 130 put @ 2.05
#spxcampaign
Closed Early
$SPX BTC 7/14 2495/2470 BECS @ .70 STO @ 2.80 on 6/23
$SPX BTC 6/30 2390/2415 BUPS @ 93% profit
Today’s Trades
#spxcampaign
Closed Early
$SPX BTC 6/30 2500/2475 BECS @ 95% profit
#shortputs
$SVXY STO 6/30 152 put @ .50
SPX Campaign Short Calls Short Puts
#spxcampaign
$SPX STO 7/21 2515/2490 BECS @ 2.10
$SPX STO 7/28 2525/2500 BECS @ 1.80 Thank you @jeffcp66
#shortcalls
$FB STO 7/21/150/155 BUPS @ 1.50
#shortputs
$AAOI STO 7/21 50 put @ .85
Closed Early
#shortputs
$CLVS BTC 7/21 50 put @.05 STO @ 6.50 on 6/16
Expirations
$SVXY 112 put
$SVXY 115 put
$AMZN 1030/1020 BECS Thanks Bridget at OMM
Everybody have a relaxing weekend. Thanks for all the interaction.
Transactions
#shortputs
$EXAS STO 7/21 32P @ .95 Thank you @jdietz1954 Already have stock position
$INGN STO 8/18 95 put @ 4.70 Thank you @jsd501 via DeBeers @ OMM
#spxcampaign
$SPX STO 7/14 2495/2470 BECS @ 2.80 Thank you @jeffcp66
SPX Campaign Expiration and Trades
Yesterday’s Expiration
#spxcampaign
$SPX 6/21 2360/2385 BUPS
#spxcampaign
Closed Early
$SPX BTC 6/23 2475/2450 BECS @ .50 73% profit
#spxcampaign
$SPX STO 6/30 2390/2415 BUPS @ 3.20 Thank you @jeffcp66
Todays Efforts Did Not Get In ACN Strangle
#spxcampaign
$SPX STO 7/21 2335/2360 BUPS @ 1.85 Go @jeffcp66
#shortputs
$SVXY STO 7/14 115 puts @ 1.45 Thank You @hcgdavis
$SVXY STO 7/21 124 puts @ 2.40 Thank you @jdietz1954
$SVXY STO 1/19/2018 85 puts @ 4.50 Thank you @fuzzballl
$ULTA BUPS
$ULTA STO 7/21 285/290 BUPS @ 1.90
SPX Campaign
#spxcampaign
Closed Early
$SPX BTC 7/14 2510/2385 BECS @ 1.50 STO 6/13 @ 1.80
The Rest of the Day
#spxcampaign
Closed early
$SPX BTC 2490/2465 BECS @.30 at 82% profit
#shortcalls
Rolled
$NTES STO 7/21 325 call BTC 6/16 310 call @2.71 credit
$AMZN STO 6/23 1030/1020 BECS @1.90 Bridget @OMM
#shortputs
$CLVS STO 7/21 50 put @ 6.50
$COST STO 160/165 BUPS @1.30 Thank you @rknight52
Long day
Expiration (not me yet, some stocks)
#optionsexpiration
$AZO 720 call (#earnings trade)
$TMUS 67 call (covered)
$SFM 25 call (covered) Holding stock and seeing if $AMZN needs stores on West Coast
$MOMO 41 call
$THO 110 call (#earnings trade)
$AMD 10 put
$TMUS 62.50 put
$SVXY 94 put
$SVXY 95 put
$SVXY 100 put
$SVXY 110 put
$SVXY 120 put
$SVXY 123 put
$MOMO 35 put
$UBNT 35 put
$THO 80 put (#Earnings play)
$PLAY 65 put (#Earnings play)
$BLUE 95 put
$WYNN 110/120 BUPS
$GS 215/220 BUPS
$FB 140/145 BUPS
$FB 148/150 BUPS
$BABA 115/120 BUPS
$SJM 140/130 BECS
Expired with total loss (See @jeffcp66 comments on selling early)
$NVDA 140/135 BECS
$NFLX 155/160 BECS
Assigned
$SJM @130 Basis 127.61
Have a great weekend and a terrific Father’s Day to all celebrating.
SPX Campaign and Short Puts and Calls
#spxcampaign
$SPX STO 7/14 2510/2485 BECS @1.80
#shortcalls
$AMZN STO 7/21 1020/1010 BECS @2.60
#shortputs
$FB STO 6/1 48/150 BUPS @.50
Expiration
#SPX Campaign
$SPX 6/12 2400/2425 BUPS Thank you @jeffcp66
Trade
#shortputs #shortcalls
$WYNN STO 7/21 125 put @3.50
$AMZN STO 890/900 BUPS @ 1.60
$BABA STO 125/130 BUPS @.95
$TSLA STO 310/320/400/390 IC @4.45
Expired, Trades, and Closed Early
#optionsexpiration
$SPX 2285/2310 BUPS
$SPX 2265/2290 BUPS
$SVXY 140 put
Trades
#shortputs
$SVXY STO 6/16 123 put @ .90 Thank you @vxxkelly
$MS STO 8/18 45 put @ 2.37
#Closed Early
$SPX 6/30 BTC 2485/2460 BECS @ 3.00 Sold for 1.80 Premature ejection from GTC order
$SPX 6/14 BTC 2475/2450 BECS @ 1.95 STO on 6/8 @ 3.50 Thank you @jeffcp66
A little late posting. Friday a great golf day. Everyone have a pleasant summertime weekend even though it is spring.
The FANG stocks are down but the FANG stock is up. Go figure
Long Calls SPX Campaign and Short Sales and Phooey
#longcalls
$MTN BTO 7/21/190 calls @ 16.50
$MSFT 7/21 70 calls @ 3.15
#spxcampaign
$SPX STO 6/14 2475/2459 BECS @ 3.50 Thank you @jeffcp66 May the averages take a mid spring break
#shortputs
$MOMO STO 7/21 30/35 BUPS @ 1.00
$WRKS STO 7/21 55 puts @ 1.45 Thanks @jsd501 via DeBeers
#shortcalls Closed out after one roll Probably capitulation at the wrong time
$NVDA BTC 6/9 120 call @ 35.50 $22 loss per contract
SPX Campaign and Put Sold
#spxcampaign
$SPX STO 6/30 2320/2345 BUPS @ 1.30
$SPX STO 7/14 2255/2305 BUPS @ 2.20
#shortputs
$BLUE STO 6/16 95 put @ 2.00 (Timing not so good)
SPX Campaign and Earnings Trade $THO
#spxcampaign
$SPX STO 6/21 2360/2385 BUPS @ 1.50
#earnings
$THO STO @jeffcp66 80/110 straddle @ .95 Let’s hammer out some profits.
VXX Game
#vxxgame
$SVXY STO 6/9 140 put @ .80
$SVXY STO 7/9 113.50 put @ 2.05 Thank you @jdietz1954
Closed Early Expiration and Trades
Closed Early
#spxcampaign
$SPX BTC 6/9 2475/2450 BECS @ 3.00 STO @ 1.60
#earnings
$CIEN STC 6/2 23.5 call @ 4.00 BTO @ 1.08 as part of straddle with BTO 23.5 put Net profit 1.88 per contract
#optionsexpiration
$SPX 2285/2310 BUPS
$SPX 2265/2290 BUPS
$AVGO 225/230 BUPS #earnings Thank you @jeffcp66
$SVXY 70 put Thank you @optioniceman
Trades
#shortputs
$SVXY STO 8/18 90 pit @ 2.05 Thank you @jdietz1954
#spxcampaign
$SPX STO 6/12 2400/2425 BUPS @ 3.00 Thank you @jeffcp66
#ironcondor
$AET STO 7/21 135/145 BUPS @ 1.94
$AET BTO 7/21 150/155 BUCS @ 1.49 (Courtesy of Dr Science at OMM)
Have a great weekend.
Earnings SPX Campaign and Short Puts
Following @jeffcp66
#earnings
$AVGO STO 6/2 225/230 BUPS for 1.50
#spxcampaign
$SPX STO 6/30 2450/2475 BECS @ 1.50
#shortputs
$MOMO STO 6/16/35 put @ .80 Thank you @jdietz1954
Expiration
#optionsexpiration
$SPX 2425/2445 BUCS Total Loss
$SPX 2395/2420 BUPS Small Loss
SVXY Sale
#vxxgame
$SVXY STO 6/16/120 put @ 1.45 Thank you @jdietz1954
Expirations Closed Earlies and One Trade
#optionsexpiration #spxcampaign
$SPX 2390/410 BUPS
$SPX 2275/2300 BUPS
#vxxgame
$SVXY 85 put
$SVXY 110 put
$SVXY 115 put
Closed Early
#spxcampaign
$SPX BTC 2410/2430 BUCS @17% Max Profit Thank you @jeffcp66 for risk reversal thoughts
#vxxgame
$SVXY BTC 5/26 146 put @ .20 STO @ 5.06
#spxcampaign
$SPX BTO 2424/2445 BUCS @ 1.20 Risk reversal trade
Everyone have a great Memorial Day weekend. For all the veterans out there – Thank you so much.
And to all the bistroites – you are the best.
SPX Campaign and VXX Game
#vxxgame
$SVXY STO 6/30 95 puts @ .90 Thank you @jsd501
#spxcampaign
Long Call Spread Experiment
Closed partial position covering initial cost
$SPX STC 5/26 2410/2430 @ 7.20 BTO @2.95 Nicely done @jeffcp66
#spxcampaign
$SPX STO 5/26 2390/2410 BUPS @ 1.30 Thank you @jeffcp66
$SPX STO 5/31 2395/2420 BUPS @ 7.05 (Smaller position than normal) Thanks @jeffcp66
One Closed For A Nickel
#spxcampaign
Closed Early
$SPX 5/26 2465/2440 BECS 99% profit
Expecting MOMO Momentum to Return
#shortputs
$MOMO STO 6/16 40 put @2.00
Today’s Recap (I am not in the ZONE!!! Because I am Short AZO Puts:-})
#spxcampaign
$SPX BTC 5/26 2270/2320 BUPS @ .15 94% profit
$spx BTC 5/26 2270/2320 BUPS @1.40 55% profit
#spxcampaign
$SPX STO 6/23 2475/2450 BECS @1.95 Thank you Jeff
#shortcalls
$LABU STO 6/16 48 call @3.20 (Covered)
Expirations, Closed Early and Assignment Oh My
#optionsexpiration
Expired Full Profit
$AMZN 890/920 BUCS
$GOOGL 850/860 BUCS
$SPX 2165/2190 BUPS
$FDX 175/180 BUPS
$BABA 110/115 BUPS
$GOOGL 800/810 BUPS
$AMZM 900/910 BUPS
$AMZN 980/970 BECS
$SPX 2445/2420 BECS
$ULTA 270/275 BUPS
$BIDU 165/170/205/200 IC (Earnings)
$NVDA 110/115 BUPS
$JAZZ 162.5/165 BECS (Earnings IC This almost offset total loss on put part – can I say put part in polite company)
$IBB 305 calls
$FXI 40 calls
$LABU 48 calls (covered)
$SVXY 70 put
$SVXY 133 put
$SVXY 122 put
$NVDA 90 put
Expired for Loss
$KATE 18/20 BUPS (64% of max loss)
$JAZZ 155/157.50 BUPS Max Loss
$BAC 27 calls Total Loss
$SWN 10 calls Total Loss
Closed Early
$BIDU BTC 177.5/185 BUPS @1.50 STO @ 2.70
$AAOI BTC 60/65 BUPS @.90 51% profit
Rolled
$OCLR 10 put to 6/19 10 put for additional .05
$SVXY 148 put to 5/26 146 put @ 1.00 added credit
Assigned
$AGN 225 put Basis 219.5
Thanks to everyone. Have a great weekend. Winter returning to NYC after heat wave since Bloody Wednesday.
Late Trades
#shortputs
$SVXY STO 6/16 100 put @ 2.25
#spxcampaign
$SPX STO 5/26 2279/2320 BUPS @ 3.00
Red wallpaper? Did I miss Valentine’s Day?
A Few More Good Puts, Hopefully
#shortputs
$SVXY STO 5/26 115 put @ 1.75
$SVXY STO 5/26 110 put @ 1.30
$SVXY STO 6/2 98 put @ 1.20
SPX Campaign Short Puts and Early Closing (Sky Is Falling!) ;-)
#spxcampaign
$SPX STO 6/2 2285/2310 BUPS @ 2.25
$SPX STO 6/2 2265/2290 BUPS @ 1.50
$SPX STO 6/9 2265/2290 BUPS @ 1.60
#shortputs
$SVXY STO 5/19 148 puts @ 2.25
$SVXY STO 5/19 122 puts @ 1.07
$SVXY STO 6/23 112 puts @ 1.50
$SVXY STO 6/30 95 puts @ 1.80
Thanks to all the fellow short putters (Olympic Event?)
$WYNN STO 6/16 110/120 BUPS @ 2.23
Closed Early (Stops Hit)
$FDX BTC 5/19 200/195 BECS @ .38 30 % profit
$AMZN BTC 5/19 980/970 BECS @ 66% profit
$NFLX STC 5/19 150 call @ 7.56 BTO @ 5.55
Expiration
#spxcampaign
$SPX 2315/2340 BUPS (2X normal size)
$SPX 2440/2415 BECS Thank you @jeffcp66
Closed Early
$TRIP BTC 6/16 38 put @ .05 STO @ 1.40 Thank you @ramie77
$NFLX STC 5/19 150 call @ 11.50 BTO @ 5.50 (Closed half of position with stop on the rest)
$GOOGL STC 5/19 870 call @ 88.95 BTO @ 20.10 A little profit left over after covering
$CMG BTC the assigned stock from the 445 call sale. And I thought salmonella was bad. ;-}
VIX Discussion on Schwab Weekly Commentary
This week VIX, also known as the “investor fear gauge”, fell to its lowest level since Dec. 27, 1993. While some investors look to VIX as an indicator of market volatility or as a contrarian indicator of market direction I thought it might be useful to simplify what VIX is and how it can be used.
VIX is the ticker for the Chicago Board of Options Exchange Volatility Index. It is a computed index that is calculated using the price of options on the S&P 500. It measures investor expectations for market turbulence going out 30-days and is used as a hedging tool for bullish investors.
To hedge a portfolio against market moving events, investors that are long stocks can go long the VIX, through an ETF or buying options on the VIX itself. If a correction in the market occurs, the VIX can spike higher resulting in gains that will offset losses in a portfolio.
Another use is to interpret VIX as a contrarian indicator. When VIX falls to extreme levels, such as what we currently have, it can signal that investors are too complacent. That can imply that everyone is already long the market and new buyers aren’t to be found. In that case, a “bump” in the stock market could quickly lead investors to over react and the market could over compensate to the downside.
While it’s a useful tool don’t use the VIX as an indicator of the market’s future direction. A low VIX doesn’t signal a market reversal is imminent. Piper Jaffrey technical analyst Craig Johnson recently noted on CNBC that when looking at historical data on the VIX, the last nine times the VIX fell below 12, the market had rallied about 75% of the time with an average return of about 4.5%. He says, “I look at this and say, it’s low, but this is a positive sign, and the VIX is not a good gauge for picking tops. It’s a better gauge for picking bottoms.”
One last note, since the VIX was created, the emergence of leveraged ETFs give investors other ways to hedge portfolios and different investments. If you want to know more about how you can buy ‘insurance’ for your portfolio and whether it’s appropriate for your investments I’d recommend discussing it with a qualified financial advisor.
Expiration Plus One Trade
#optionsexpiration
$SPX 2200/2225 BUPS
$SPX 2135/2195 BUPS
$SPX 2440/2415 BECS
$NVDA 115 put (call portion of strangle rolled out)
$SVXY 85 put
Assigned
$CMG 445 put (could not roll, YUCK)
#shortputs
$SVXY STO 6/16 110 puts @ 1.40 Thank you @hcgdavis
Enjoy the weekend. Thanks to everyone.
A Roll, A closed Early and Risk Reversal Follower
Rolled to Keep Hope Train Running
$NVDA BTC 5/12 115 call STO 6/9 120 call @ 2.90 debit
Closed Early
$REGN BTC 5/12 430 put @ .50 Sold for 8.00 Thank you @fuzzballl and I babysat it thanks to you
#riskreversal
Following once more.
$SPX 5/26 BTO 2410/2430 BUCS and $SPX STO 5/26 2340/2365 @ .20 credit
Options Bistro 