EOG will call out today at 97 with cost basis of 96.14
LNG 67 put rolled up to 68 and next week for 0.66 credit. Total credit now 1.22.
TQQQ batch 1 54.5 cc being assigned with cost basis of 56.39 for 1.89 loss. Was a lot worse in Jan.
LNG batch 2 67.5 rolled up to 68 and out to next week for 0.55 credit.
TNA 62.5 put rolled to next week and 65.5 for 0.85 credit
EXAS is expiring for 0.62 credit per contract. I was trying to close it but the MM are being greedy. The spread on the put is 0-3.90 and they are not moving. I tried to roll/close for 0.2 but no dice. Ok, I will let it expire for full credit and not pay commission.
EXPE 113/130/131 decaying well. 1 more week should be able to close roll at 50%.
Looks like the largest theta decay on some of these OTM strangles/jade lizards occurs from 28 to 14 days. For instance the 113 put on EXPE is going for 1.25, 21 DTE 1 and 14 DTE 0.20. I may start looking at these from 21 or 28 days down to 14 days to recycle capital faster.
AMAT STO the 9 DTE 41.5 put at 0.70. Will let assign if ITM or roll depending on where it is next week.
Obviously they do not understand options. Received an immediate margin call notice on my QQQ spread I opened yesterday. Telling me I need $2000 per spread even though I was long the 175 QQQ 2020 and short next Friday 184.5 calls. No risk since my long is a lower strike than the short and I still have a positive cash balance.
Anyway, apparently this changed 2 years ago from what the margin dept. told me. Stick with TOS or the other platforms that understand how to calculate option risk. Had not done spreads in this account in a while so FYI!!
With that said, closed the QQQ #fuzzy for basically the cost of commissions, out $24. Now I can’t trade until tomorrow because they reset cash values at midnight.
The more I try other platforms the more I realize how good TOS is :).
QQQ Jan 2020 175/184.5 4/18 for 16.72 debit. Plan is to roll/adjust/close depending on where it is next week.
LNG STO the 4/12 67.5 put for 0.80. Cost basis 66.7 if assigned.
EOG batch 2 assigned at 89 at a cost basis of 92.63. This is a small account and I plan to take it to spreads to juice returns so just wanted to take the loss so I can redeploy capital on Monday.
EOG batch 1 I rolled up to the 97 cc for next week at 6.75 and after selling the 97 for 1.35 cost basis 96.14. I never figured out why it spiked so much yesterday?
FAS 57 cc assigned at cb of 54.20.
ERX 23 cc rolled 2 weeks for 0.5 credit. Cb 21.81
LNG 4/12 67 put sold for 0.54 yesterday.
EXPE rolled on 4/3 to 37 DTE 113/130/131 for additional credit. Total credit now 3.84 per contract
EXAS STO the 89 put for 4/12 for 1.01, then converted to #jadelizard yesterday 89/89/90 for another 0.6 credit.
SMH closed 4/3 for 0.45 credit per contract
JPM closed 4/4 for 1.08 credit per contract
SQ rolled out to 4/12 for 1.26 credit at 76/76/76.5 strikes. cb 74.74 if assigned.
TNA 60 rolled to 4/12 62.5/62.5/63 for 1.1 credit.
GILD 65/65 cb at 6.39
GILD 65/65 rolled out 37 DTE yesterday for 1.07 credit. Cb now 7.34
1 more week of surgical recovery then back to work but trading full time the last few weeks has been more than I would make at work so good to know for retirement. However, I am really looking forward to some solid food!
EOG 90.5 cc for 4/12 cost basis 90.74. Depending on where it is trading will let assign at slight loss or roll.
EOG 89 cc 4/5 cost basis 92.63. Will roll this one.
ERX 23 cc for 4/5 cost basis 22.31. Will let assign or roll
TQQQ 54.5 cc for 3 weeks cost basis 56.39. Will roll
TQQQ 55 cc for today at 53.79 cost basis. Will assign today.
TQQQ 53.5 cc for 3 weeks cb 56.75. Will roll
FAS 57 cc for 4/5 cost basis 54.20. Will let assign.
XBI 4/5 86/86/86.5 closed today for 0.52 profit per contract. Could only make .69 above 86 so decent profit for 2 day trade. I had skewed this one to the downside but it moved up today.
EXPE 4/26 115/131/132 for 2.31 credit. Looking good now, hope to close for 50% or better profit in 2 weeks. Right now at 25%.
SMH 4/26 100.5/110/111 for 1.38 credit. Same as above.
SQ 4/5 75.5/75.5/74.03 for 1.75 credit. Same but will most likely roll it in pieces.
JPM STO today the 4/5 101/101/102 for 1.81 credit. Looks like it found a bottom.
TNA 4/5 60/61/61.5 rolled this morning from last week. Credit now 3.06.
GILD 65/65 for 2 weeks at 8.41 cost basis.
GILD 65/65 for 3 weeks 6.39 cb
XBI 80/80/91.5 cb 11.74. 2 more weeks on the short calls.
Percentage return wise, the #jadelizard trades seem to work the best and also easier to roll because of the initial higher credit. Live study ongoing and will keep you posted. I am also skewing them depending on which way I think it is moving and that seems to help the winning percentage. Using the #markettide to time entries.
Have a good weekend!
2 more weeks in the jaw wires then back to work for me 🙂 although I am enjoying the extra trading.
SQ rolled the put down yesterday, today closed the 76/76.5 ccs for 0.05. The sold the 4/5 75.5/76 ccs fro 0.16 credit. After the roll of the puts earlier in the week, break even now 74.03 on down side and no risk to upside. In fact anything over 75.5 makes 4.10 a contract from the accumulated credits now.