Hello bistro, my fun ski day March 7 turned into a trip to UMD shock trauma so have been out of work and trading for a few weeks. However, I am home another 4 weeks and plan to trade as actively as I can, kind of a test run for full time trading when I retire someday many years from now.
Won’t bore or gross you out with the details, but a collision with another skier (they are ok from what I have heard) sent me face down into the snow from a jump in the terrain park at the end of the day. It subsequently broke my nose (7th time) and 6 other bones in my face. Fortunately my brain and spinal cord are fine and the helmet did its job. But it took a 4 hour surgery and 4 titanium plates in my palate and sinuses to put me back together.
Anyway, my jaw is wired shut for 4 more weeks so I can’t talk which is required for my job. So I am home recovering and will be trading while I burn through my vacation time, fortunately had enough to cover it.
With that said, I needed a bunch of cash so STO EXPE 43 DTE on last Thurs. 115 put for 2.10 in a larger account. My goal is to close it for 50% profit in 3-4 weeks. Tastytrade style.
One of my goals going forward with trading is to target certain trades for certain requirements. With that said, #pietrades will still be the bread and butter, but I occasionally will sell something farther out and OTM mostly to pull the cash out of the account and use it for certain expenses.
Other trades I have on, sorry some of the dates are hazy. I traded some prior to surgery but my vision was fuzzy and my judgement was slightly impaired. Fortunately does not look like I did anything stupid.
Assigned 300 shares EOG over the weekend at the 96 put but cost basis 93.03. STO 3 march 29 90.5 calls at 1.24 this morning. Will manage aggressively. Cb 91.79.
GILD rolled the 70/70 #fuzzy down to 65/65 for debit but cost basis 8.41.
TRIP 52.5 CC for this week cost basis 52.33.
ERX 21.5 cc should assign this friday at cost basis of 20.28.
TQQQ i rolled both batches to 54.5 CC with cost basis of 56.39 and batch 2 53.5 cc for 56.75 and somehow have a third batch now at the 55 cc for 53.79 cost basis.
XBI #fuzzy 80/80 was assigned early on half. Closed and rolled 1/2 the short side up to 91.5.
FAS 57 cc cost basis is 54.20 and will let assign in 2 weeks.
GILD 67.5/67.5 #fuzzy rolled down for credit. Cost basis 6.11.
EOG batch 2 88.5 cc at 92.83 cost basis.
Hope everyone is doing well 🙂
Learned a few life lessons from this but not sure if it will help trading, will see.
EOG batch 1 96.5 put rolled out next week to 96 for 0.16 credit. Cb 93.63 if assigned.
EOG batch 2 96.5 rolled out a week for 0.43 credit. CB 93.91 if assigned.
LNG 65.5 rolled out next week to 65 for 0.12 credit . Cb 63.59 if assigned.
TRIP 54 CC. Was assigned early Tues night so sold the 54 cc for next week for 0.96. Cb 53.03 and will let assign if ITM.
XBI 83/86/87 #lizardpies closed for 0.97. Total credit 3.22 over 3-4 weeks
AXLN 125/131/13 #lizardpies closed for 1. Total profit 1.37 over 3 weeks. It took off to the upside.
QQQ 171.5 sold for 0.75.
SQ 75.5 put STO for 0.83 credit for 3/8.
EXAS 3/15 87.5 put sold for 1.15
ERX 22 cc rolled next week for 0.3 credit. Cb 21.23
TQQQ 54 cc at 56.79, need to stay ahead of the rolls.
FAS 57 cc rolled for 0.40 cb now 54.77.
TQQQ 52 cc at 57 cost basis. Will be rolling.
GILD 70/70 rolled for 0.24 cb now 7.48.
GILD 67.5/69 cb 6.51
LNG 50/60 rolled for 0.44 credit. Cb 12.49
XBI 80/80 rolled for 0.27. Cb 12.29.
Busy few weeks. Sun is out, headed outside.
#markettide Spoke with Bryan this morning. They are rolling out version 3 either this week or next. He told me it maxes out TOS so if you have a slower computer like my laptop you may be better off staying with version 2. However version 3 is supposed to have scanning and my desk top has the power to handle it. He also said thanks to everyone at the Bistro that picked it up. The scanning should give live time signals!
ALXN Rolled 2/22 #lizardpies to 125/129/130 for 1.42 credit. cb 123.88 if assigned
EOG 98.5 put rolled down to 96.5 for 3/1 for 0.50 credit, batch 1. Second batch went through at 0.15 (tradestation issues). Cb 94.28 if assigned. Earnings next week.
LNG 65.5 put rolled earlier in week. Cb 64.21 if assigned
TRIP 57 put rolled out to 3/1 for 0.35 credit. 53.99 if assigned. If still ITM this week will roll it out 43 DTE and down.
XBI #lizardpies rolled out to 3/1 and adjusted to 83/86/87 for 0.30 credit. Cb 82.40 if assigned.
ERX 22 cc 3/1 for 21.53 debit and cost basis.
TQQQ 54 cc in 3 weeks at 56.79. Trying to stay ahead of the rolls until break even then will let it assign and start over.
TQQQ 52 CC at 57.00. Same
FAS 56.6 cc rolled up to 57 3/1 for 0.40 credit. Cb 54.77.
EOG batch 2 rolled out to 3/1 for 0.15 cb 94.34 if assigned.
GILD 70/70 rolled out 43 DTE for 0.24 credit. cb 7.48.
XBI 80/80 cb 12.56
LNG 50/60 cb 12.93
GILD batch 2 67.5/69 rolled out 43 DTE for 0.45 credit. Cb 6.51.
Tradestation 10 has some huge memory requirements, that was my issue with it not working. I spent 2 hours with Tech sorting out the issues. Bottom line, you need a 10gb memory chip to run version 10. If you don’t have that stay with version 9.5 and they will continue to support it. Option station pro requires less power on that version as well. However, you have to uninstall all previous version and re-install it for the 9.5 version to work correctly. Ghost files from the other version interferes.
I am trying to figure out a way to separate my accounts from the service accounts. May take me a little while to figure out an easy template. In the meantime will probably only have time to post on the weekends. Once I can easily separate them should be able to update on a more regular basis.
Also will be doing more buy writes for #pietrades depending on directional signals. Better returns than just selling puts if I have a upward bias. The other option is more ATM or ITM puts if I think it is headed higher.
Hope everyone is doing well and staying dry or at least having fun with some snow:)
Just wet here.
LNG 3 DTE 65 put rolled out to 10 DTE and up to 65.5 for 0.73 credit. Cb 64.21 if assigned.
Just a thought for anyone thinking about shorting the market now, I heard somewhere yesterday that there is a record amount of cash on the sidelines. As they pile on market highs that will squeeze out any shorts lefts.
Just an FYI.
#optionsexpiration a day early.
Some of these trades are from yesterday, have been to0 busy at work to post.
ALXN 120/129/130 for 2/22 for 1.25 credit yesterday off an 0.85 roll the previous week.
EOG 98.5 put for 96.75 cost basis off a roll
LNG 65 puts for 2/22 STO yesterday for 0.56 credit
TRIP 57 puts for 2/22 for 0.66
XBI 84/85/86 total credit now 4.19. Have been rolling 3 weeks.
TQQQ 51 CC rolled out 43 DTE to 54 CC for 0.25. Cb now 56.79
TQQQ 51 cc rolled out 43 DTE to 52 for 0.10 for cost basis of 57.00
FAS 1 DTE 56.5 cc rolled out 8 DTE for 0.47 credit. Cost basis 54.17
EOG batch 2 98.5 8 DTE cost basis 97.1
GILD 70/70 cost to 7.72
XBI 80/80 rolled for 0.56 credit. Cb 12.56
LNG 50/60 rolled for 0.33. CB 12.93
GILD 67.5/69 rolled for 0.26 cb 6.93.
Finally some consistent results last 4 weeks. Of course the market screaming higher does not hurt. But mostly I was able to unwind a bunch of accumulated rolls and finally pull some cash out of the market again.
Since Jan 1 have been officially working with the advisory service. Obviously I cannot post those trades but will keep posting other trades I find and really like how many of us here are willing to experiment with different tactics to see what really works the best with real money in real time! This is a great trading group and I will stay involved, thanks to many of you I survived the 20% correction which now seems to be over and even came out ahead. This down turn was WAY better than the SVXY debacle last Feb. 6 2018, not that anyone here needed reminding 🙂
One thing is certain, I will be keeping a general market hedge on now all the time. May only need it once or twice a year but then it is a lottery ticket. To keep it from costing too much will probably use a back ratio or risk twist trade. Will set it up to cover a 10% correction. Anything beyond that it becomes a mega lottery ticket.
GILD 70/70 10 DTE rolled out to 31 DTE for 0.28 credit. Cost basis down to 7.72. Hoping to have it to zero by the summer.