Options Expiration 11/16/18

#OptionsExpiration A couple of losers this week:

$NVDA 185/180 put spreads, sold for 1.10 yesterday. Decided not to take stock due to heavy margin cost. I’ll get it back by making bullish plays, but wait for a better sign of QQQ and NVDA recovering.

$SPX long 284 calls. Bought for 1.71 average, back in the early days of this correction, where I was believing it would be a quicker “V” shaped October.

KOLD put

#ContangoETFs Sold $KOLD Dec 13 put for 2.30. A safer bet since KOLD is closer to zero than the BOIL calls are to infinity.

SPX 1-dte

#SPXcampaign STO $SPX Nov 19th 2665/2685-2780/2800 condors for 1.15. Volatility the lowest of the week, so this is a much narrower condor than the previous one. I’m expecting it to be a low volume week, but those can sometimes result in fairly quick rallies.

BOIL call

#ContangoETFs Sold to Open $BOIL March 105 call for 6.80. Building back recent losses slowly.

Econ Calendar for week of 11/19/18

Be sure to periodically click “Home/REFRESH” to keep Bistro features updated.

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Link to calendar: https://us.econoday.com/byweek.asp?day=19&month=11&year=2018&cust=us&lid=0

SPX 1-dte put closed

#SPXcampaign BTC $SPX Nov 16th 2630/2650 put spreads for .10. Condor sold for 1.15 yesterday. I’ll let the 2790/2810 call side expire. Selling one for Monday later today.

NVDA earnings trade

#Earnings Sold to Open $NVDA Nov 16th 185/180 put spreads for 1.11. Short strike is -7.7% OTM, and NVDA biggest downside move was -5.3% (in last 12 quarters)