Closed my Jan 10th 3120/3100 BuPS @ 0.25. Will look to reload tomorrow.
Happy New Year to trading
Sold Jan 10th 3120/3100 BuPS @ 0.80 this morning.
#longcalls TWTR is squeezing here and starting to climb out after a month long beating. Long Jan 30 Calls @ 1.69 as a spec position.
SPX BuPS Stopped on breach of 3095. Ouch. I sure seem able to NOT pick ’em.
SPX Stopped Stopped out of my BeCS at 2.05 followed by stopped on the BuPS at .30. Lost .11 each IC overall.
SPX 7 day trade Sold Iron Condor Nov 06th 3089/3105 2965/2945 for 2.30.
Closed my Oct 25th 3035/3045 BeCS for .05. Taking the risk off just in case something weird happens while I’m away today.
#SPX Morning. Been a while. Actually a long while. I’ve been getting the income portfolio set and deciding on whether and where to go next. Individual stocks, options, index spreads or even nothing at all. Spreads look to be the winner. Just can’t seem to master that swing trade / short term trade mind set. And rattling my cage, working in the garden, pulling weeds and walking the dog just doesn’t satisfy this old researcher’s mind. So I’ll see how this goes. Closed my two SPX call spreads, Oct 25th 3040/3050 and Oct 28th 3045/3055 this morning for 60% profits. Hopefully I can get WordPress to behave a little better using Firefox.
Sold July 26th 2935/2915 BuPS @ 1.00
$MU #Coveredcalls Sold April 26th 44 calls @ 0.29.
MU Bought to close my April 18th 44 Calls @ 0.49, originaly sold for .10 when MU hit my stop at 44. I was tempted to ignore my stop but I had to be away this morning so as expected came close to top ticking it. Alas. Hang my head in shame.
#Shorcalls Morning Sold MU April 18th 44 Calls for .10.
#Coveredcalls NUGT bought to close my April 18th 23 calls for .03. Will look to cover up again on a bounce.
Morning Yesterday I closed my MU April 12th 45 Calls for .01 as they wouldn’t trade any lower. I have an order in to sell the April 18th 44 Calls at .35.
Morning. Rolled my April 12th 21 short calls out a week and up to 23 for a debit of 0.26. This takes my short call above my exit target of 22.80.
Sold April 12th 21 calls @ .24
Morning. Closed my short ERX calls at 0.55. I’m going to sit back and cover up later. I’m a bit too enthusiastic on placing trades.
Afternoon Finally hit the right sequence of keys and some how managed to get the posting screen. Hopefully I can repeat the secret sauce later. Great calendar seminar Jeff. Caught most of it. Sold MU April 12th 45 C @ .35. Sold ERX April 12th 23.5 C @ .30. Sold NUGT April 12th 20 C @ .25 but closed them at @ .41 with the stock at 19. I will resell later.
NUGT #Shortcalls Sold May 29th 23.50 calls at 0.25.
NUGT Closed my Mar 22nd 21 short calls at .04. I will look to cover up again next week. Have a great weekend all.
Afternoon I have returned from my hiatus. I wont be back fully until mid May. Can’t get logged in via Microsoft Edge but can through Internet Explorer. Go figure. I sold to open NUGT March 22nd 21 Calls against my stock for 0.16 when NUGT was at 19.65.
I have been following along time permitting but no trading. I’m slowly getting the place back to normal. The crawl space is drained and mostly dry. I replaced all the insulation. Last bit is a new vapor barrier. A bunch of niggling back burner chores that had accumulated for years have been ground through. (The wife no longer puts them under my pillow). My other distraction as a property master and set designer for a film will wrap up mid March. I hope to ease back in to trading soon after. To that rebirth this morning I sold NUGT Mar 15th 27 Calls when NUGT was at 23.55 against my underwater stock that I was assigned what seems like eons ago at 26.50. Catch you all later.
#OT Just popping in to wish everyone a Happy New Year. I hope this crazy market hasn’t drive any of you stark raving mad. I’m still enjoying my sabbatical though missing the market interactions more and more. If you are into out of this worldly events check out the New Horizons fly by of Ultima Thule. Pictures some time around 11AM tomorrow. Have a great safe one and see you some time in 2019.
#OT Morning / Afternoon all. I am going to take some time away from active trading. Sort of a sabbatical. Maybe on the order of 3-6 months. Life’s little pleasures have been monopolizing my time of late and I am unfocused. I closed my leaps for a small profit and have a few (4) underwater positions that will need regular maintenance to get back to even. Of course the long term portfolio needs to be managed per usual. I’ll pop in from time to time and be back regularly once I get things caught up. Just to squash the fake news my wife is still here, the farm is intact though the weeds are very happily taking over, I’m not going to jail, and I’m definitely not running for public office. Though the latter two might go together. Jeff this is a gem of a community. I am so honored to be a member. Thank you all. Happy and successful trading. Later Jon
#longcalldiagonals First step Bought SPXL Jan 2021 46 Call @ 12.00. 1 comtract (Only contract today). I will cover as thing recover. Also Trying for TQQQ but no bites.
Afternoon. #spxcampaign BTC my Oct 19th 2940/2960 BeCS @ .30. Opened yesterday at 1.65. This makes the IC profitable.
#spxcampaign Bought to close my Oct 19th 2760 2740 BuPS @ 1.50. Opened at .90.
#spxcampaign Sold to open Oct 19th weekly 2760 / 2740 BuPS for .90 when SPX pulled back to 2884. I’m not so sure this was a good idea and didn’t get the order cancelled before it filled.
#Coveredcalls NUGT Sold Oct 19th 14 Calls @ .25 when NUGT hit 12.78
#spxcampaign Sold to open Oct 19th weekly 2940/2960 @ 1.65 with SPX at 2883. I’m going to allow this to work without a hard stop loss returning to Jeff’s method for another go.
Afternoon. Just a couple expiring.
NUGT 10/5 14.5 Calls sold @ 0.47
MU 10/5 47.5 Calls Sold @ 0.32
#spxcampaign Stopped out of my Oct 15th 2850 / 2830 BuPS at 3.35. Tiz a spanking day.
#BuPS Stopped out of my AMZN BuPS @ 5.55
AMZN #BuPS I decided to re-enter my Oct 19th 2860 / 2840 BuPS now that AMZN has pulled back to the 50dma. Filled at 4.55 when AMZN hit 1924.16. I was filled quickly so a little more price discovery was in order. Stops are .30 and 6.50
#coveredcalls Legged into Bought ERX @ 39.80. Sold Oct 19th 41 Call @ 1.10 when ERX hit 40.19
#shortputs SPXL Sold Oct 19th 52 Put @ .70. The strike is near the 50dma.
AMZN #BuPS Decided to close my Oct 19th 1860 / 1840 BuPS @ 3.00 with AMZN at 1957.97 before things get worse. I may reopen this once AMZN finishes pulling back. Maybe closer to the 50dma.
#spxcampaign Opened Oct 17th 3000 / 3020 BeCS at .75 when SPX was at 2936.41 Stops are .20 and 1.50.
#coveredcalls Covered up my long high basis MU with Oct 5th 47.5 calls with the stock at 47.58. Whittling away.
#spxcampaign Sold to open Oct 15th 2885/3005 BeCS for 0.65 when SPX was at 2926. I have a BuPS to pair waiting for a fill.
AMZN Afternoon all. #ironcondor Legged into an Oct 19th Iron Condor with AMZN @ 2010+/-
1860/1840 BuPS @ 1.33 and 2160/2180 BeCS @ 1.23. Profit targets either side is .30 with a stop loss at 4.10.
#spxcampaign Paired my Oct 08th BECS with Oct 08th 2840 / 2820 BuPS for 1.20 when SPX was at 2916.34. Profit stop is .30 with a Stop Loss of 4.60. I am still trying to find the best stop loss value on these. Sheridan teaches essentially 3X the profit target. I am considering a modification using Jeff’s method of a tag of the short call while maintaining the stop loss on the Put side. Why? The Oct 03rd and Sept 28th Call spreads were stopped out on the gap up for a loss but didn’t tag the short call. Critiques are welcomed.
#spxcampaign Morning all. Sold to open Oct 8th 2980/3000 BeCS when SPX was at 2920.87. A Dan Sheridan method. Stops .30 and 2.10. I will pair it later. It will be a light week for me. Friday my daughter is presenting her research at a department seminar so we are hopping down to Tallahassee, FSU, to give it a listen.
#coveredcalls Rolled my Sept 21st 13.50 calls out and up to Oct 05th 14.50 for .20 credit.
#spxcampaign BTC my Sept 28th 2800/2820 BuPS and Sept 28th 2790/2810 BuPS at .20. Originally sold for a 1.20 and a 1.05. Mitigates the damage from yesterday a bit. Traveling next week so I’m not putting anything on. My daughter is presenting her research as part of her degree requirements so we are off to be wowed. I had always thought she would go into business. Never tried to influence her career choice. Instead she ended up in biology like her old man. Damn, genetics is a powerful thingy. Ha!.
#spxcampaign Stopped out of my Sept 28th BeCS @ 3.15 off a GTC stop order. I adjusted the stop loss order to 3x the 70% of the credit received for the entire IC rather than based on the credit for the leg. The ones from last week would have worked if I had used a stop based on the IC rather than the individual legs. So I believe this is the better set up but the gap up this morning was a killer. I was loading in an adjustment by rolling up the short call but was stop a millisecond before I fired off the order. Still learning.
#SPXCampaign Got bacl on after a bit of a power blip. Sold Oct 03rd 2965/2985 BeCS @ 0.95 when SPX was at 2905.14.
#spxcampaign A little quick on the trigger this morning. Sold Sept 28th 2950/2970 BeCS at 0.75 when SPX was at 2894.34 Should have gone for that coffee refill first.
#spxcampaign Paired my BeCS with Sept 28th 2820/2800 BuPS @ 1.05 when SPX was at 2894.20.
#SPXcampaign Morning all from the soggy Antfarm compound. We survived. No damage to the house or barn. Lots of debris to be cleaned up. Dog is having a blast wailing all the sticks into submission.
Got a late start here but Sold NUGT Sept 21st 13.50 Calls at 0.14 when NUGT hit 12.62. Basis is being whittled away at a splinter’s pace. Now 23.53 from an assignment of 26.58 in mid May
Sold SPX Sept 28th 2950/2970 BeCS @ .90 when SPX was at 2897.78. Waiting for a fill on the put side.
Morning all. Popping in here from the “sunny” piedmont of NC in between power blips. Yeah, that’s the ticket. Rolled my ERX Sept 14th 35 Puts out and down to Sept 21st 34 P for .30 credit.
Morning all. Stopped out of my 4 spread legs as designed about 10 minutes after the open.
Sept 21st 2780/2760 BuPS @ 0.30. Originally sold for 1.25 on 9/05
Sept 21st 2940/2960 BeCS @ 1.80. Originally sold for 0.80 on 9/12.
Sept 24th 2780/2760 BuPS @ 0.30. Originally sold for 1.00 on 9/11
Sept 24th 2940/2960 BeCS @ 1.75. Originally sold for 0.70 on 9/11
Overall my test of 3 IC including the Sept 14th spreads have netted 49.40 of profit using Dan Sheridan’s method with my usual 2 contracts per side. I like Sheridan’s method of setting hard stops using OCO. When I set alerts it leaves me antsy and prone to making irrational moves. I may reload these later today.
Now its time to sit back and wait for Florence. Have a great day.
#spxcampaign Stopped out of my Sept 14th 2930/2950 BeCS @ .10 (Profit target). Originally sold 9/7 for .40.
#spxcampaign Sold Sept 21st 2940/2960 @ 0.80 when SPX was at 2887.41. Profit limit @ .20 Mark and stop loss @ 1.80 Mark. This is paired with the Sept 21st BuPS
#spxcampaign BTC my Sept 14th 2800/2780 BuPS @ .20 off a GTC order. Originally entered 9/05 @ 1.05
#spxcampaign Legged into a Sept 24th Iron Condor 2940/2960/2760/2780 for 1.70. OCO stops: Put side .30 limit, 2.40 Mark stop. OCO stops on the Call side .20 limit, 1.70 Mark stop. Following Dan Sheridan’s method here.
#spxcampaign Sold Sept 14th 2930/2950 Calls for .40 to pair with my Sept 14th BuPS. Stops .10 and 1.00
Just 2 this week
MU Sept 07th 54.5 Calls
ROKU Sept 07th 57 Puts
#spxcampaign Sold to open Sept 21st 2760/2780 BuPS @ 1.25 when SPX was at 2874. Stops @ .30 and 2.95
AMZN #BuPS Stopped out of my Sept 21st 1920/1910 BuPS at 2.55 on the swoon this morning.
#spxcampaign Sold to open Sept 14th 2800/2780 BuPS @ .70 when SPX was at 2888.
Afternoon Opened an AMZN Sept 21st 1910/1920 BuPS spread for 1.05 when AMZN popped through 2034 during the lunch hour. It hit the Trillion Cap and promptly sold off. I suspect on profit taking.
#spxcampaign Sold to open Sept 21 Weekly 2800/2780 BuPS @ 1.35. GTC closing order at .50. Alert at 2.90 Mark.
I have a BeCS to make the IC waiting 2990/3010 @ .65. I may drop it to .60 soon
Filled at .65 about 5 mins after the close
#Shortputs Sold ERX Sept 07th 35 Puts @ .40 with ERX @ 36.17 Sold ROKU Sept 07th 57 Puts @ .58 with ROKU @ 60.25
ERX #shortputs Bought to close my Aug 31st 37 Puts @ .80 off a GTC order. These were rolled out 8/10 for 2.19
#coveredcalls TWTR Wow, now that is quite a breakout. Closed my all to early short calls @ .53, a .38 loss. I will just let this play out for a while. Maybe I should go back on vacation.
Morning Covered my long stock picking away at the basis again
Sold TWTR Aug 31st 36.50 @ .15 when TWTR was at 34.93
Sold NUGT Aug 31st 16 @ .21 when NUGT was at 14.91
#spxcampaign Morning all Bought to close my Aug 17th 2760/2780 BuPS @ .20. A bit of a hairy ride yesterday but I didn’t panic out. Yay! I closed this out today as I’m taking some time off. My daughter flies in tonight from a science conference. She presented her research on birds as part of her grad school requirements. I’ll be back in a week or two. Need to see my brother and put up a violin display piece I made for our mothers violin. It has been a long project and challenged my craftmanship. I have a few TWTR, NUGT and MU calls that will expire tomorrow. I may roll them out to the end of Aug later today. Everything else is long term. So in my best Arnold voice: “I’ll be back.” Have a great couple of weeks. And thanks for all the teaching that goes on here. You guys are the best.
#spxcampaign Sold to open Aug 17th 2760/2780 BuPS for 1.00 when SPX was at 2839.99. Im doing a 1 week trade as I will be taking a week off after the 17th.
Sold TQQQ Aug 10th 64 P @ 0.65 x 1
Sold ERX Aug 10th 37 P @ .65 x 2