#CoveredCallCampaign
BTC $FB Oct 12th 172.5 call for .14. Sold for 1.20 on 9/20
BTC $FB Oct 19th 172.5 call for .40. Sold for 2.00 on 9/26
Earlier in the day:
Stopped $AAPL Oct 26th 232.5 call for 4.50. Sold 220/232.5 #StrangleRoll for 4.76 on 10/1
#StrangleRoll Sold Oct 26th 222.5/235 strangle for 5.01
#SyntheticCoveredCalls #LongLEAPs
Bought $TQQQ Jan 2020 66.67 call for 17.60. Plan to sell calls against it.
Today could be the first 1% drop for the S&P 500 in 70 trading sessions.
That might feel bad, but remember 4 years ago this month there was a legit fear that ebola was going to spread over the globe.
The SPX is up 55% since those October '14 lows.
— Ryan Detrick, CMT (@RyanDetrick) October 4, 2018
#CoveredCallCampaign
Strikes breached so stopping out. I will wait to consider rolls tomorrow. The bottom could be in at any second here, but since it looks like we’re entering a Downside Warning, I have to be ready for more downside in the coming days.
BTC $SQ Oct 26th 94 puts for 4.65. Sold in 94/105 #StrangleRoll for 5.50 on Friday. Will leave the 105 calls in place.
BTC $FB Oct 19th 157.5 puts for 3.90. Sold for 2.30 on Tuesday.
#PreEarnings Bought to Open $MSFT Oct 26th 116 calls for 1.40, starter position.
#OffTopic I was pretty sure they had that wrong…
#Earnings repair Stopped $TSLA Oct 12th 285 put for 11.95. Sold for 4.15 on Tuesday.
Flat in TSLA. My earnings repair has done well after being whipsawed in August; reduced my losses by more than half. But the last week has been another whipsaw, with the wins being canceled by losses, so I’m taking a break. Margins are jacked up on this one anyway.
#VIXIndicator… new highs today, 15.19 highest since Sep 10th. If we close the day above 14.51, it will be a new Downside Warning. This just one day after the lowest close since August 9th.
#VXXGame Sold to Open $UVXY Jan 2019 70 calls for 4.25. Filled on the way up, not the top.
#Pre-Earnings Bought to open $CAT Oct 26th 165 calls for 1.80. Starter position, following MamaCash. Will add up to two more lots.
#PreEarnings Put in my order near the highs but then the flush came. Closed half my position.
Sold to close $JPM Oct 12th 116 calls for 1.43. Avg purchase price .83
#SuperCharger Kind od surprised this is available for such a low price, expiring before earnings.
Bought to Open $AMZN Oct 19th 1880/1890 bull call spread for 7.25.
…for this afternoon’s drop? The Presidential test tweet caused the algos to freak out?
Looks like somebody forgot to tell the algos it was only a test. pic.twitter.com/YNhf7hgLH9
— Bespoke (@bespokeinvest) October 3, 2018
#Market We just hit the lowest $TICK since mid-May. It seems every day we start the day strong, and then hit volatility in the afternoon, before closing out on a mini-rally.
Click “Refresh” to load these new features in the right-hand column.
*Upcoming #Earnings – shows the tickers reporting earnings over next 7 trading days. Included are stocks with weekly options, at least $5.00 stock price, and significant volume. Tickers that are commonly traded by the Bistro community are highlighted in red. You may click on the chart for a larger view. PLEASE SEND SUGGESTIONS of tickers you think should be included if you notice any missing.
*Mama Cash’s #PreEarnings Trades – this is a link to Mama’s excel sheet for trade ideas and past performance of stocks that perform well leading up to their earnings dates. She will keep this updated as earnings season progresses.
*Countdown – will countdown the days until any significant trading events. Again, open to suggestions.
Let me know if you have any questions!
#Welcome
#PostEarnings Bought to close $FDX Oct 12th 240 puts for 1.61. Sold for 2.90 on Sep 18th. This never got scary but was annoying.
Here is every time in the past 25 years when the Dow closed at a 52-week high while most of the NYSE was in a bear market. pic.twitter.com/CZNWhZhq30
— SentimenTrader (@sentimentrader) October 3, 2018
#CoveredCallCampaign
BTC $AAPL Oct 12th 215 put for .35. Sold for 2.05 on Sep 25th
Stopped AAPL Oct 12th 227.5 call for 3.65. Sold for 2.13 on Sep 20th.
#StrangleRoll Sold AAPL Oct 19th 222.5/235 strangle for 3.21.
BTC $TSLA Oct 5th 320 call for 1.00. Sold yesterday for 5.75.
#CoveredCallCampaign
BTC $BABA Oct 5th 170 call for .15. Sold for 1.55 on Sep 19th.
Sold $OLED Oct 12th 126 call for 2.00.
Sold $FB Oct 19th 157.5 puts for 2.30
And #Earnings Repair:
BTC $TSLA Oct 12th 250 put for .93. Sold for 11.30 on Friday.
Rolled to: Sold $TSLA Oct 12th 285 put for 4.15
#ContangoETFs My next order filled; sold $BOIL Jan 2019 45 call for 2.25. Next order in to sell at 3.00.
#SuperCharger Replacing the NVDA one that closed yesterday. This expires before earnings.
Bought $REGN Oct 26th 380/390 bull call spread for 7.35. Price target 9.40.
#PieTrades #LongCalls
Sold $MU Oct 12th 47 #CoveredCall for .90.
Still long Oct 5th 45 calls, bought for 2.02 on Sep 20th, which hasn’t worked out yet and probably should have taken a 50% loss last week. But maybe I’ll get the breakout just in time.
#Lophir Closed on GTC order: $NFLX 300/325/340/350 lopper for 2.50. Sold for 8.35 on Sept 19th. Thanks MamaCash!
#SuperCharger Sold to close $NVDA Oct 26th 247.5/257.5 bull call spread for 9.50. Bought for 7.25 on Sep 21st.
#CoveredCallCampaign
BTC $AAPL Oct 5th 215 puts for .15. Sold for 1.78 on Sep 15th.
Stopped: $AAPL Oct 19th 227.5 calls for 3.90. Sold for 2.10 on Sep 25th.
#StrangleRoll: Sold Oct 26th 220/232.5 strangles for 4.75
#ContangoETFs Sold $BOIL Jan 2019 45 call for 1.75, adding to my position. Order in for another at 2.25.
Link to calendar: http://mam.econoday.com/byweek.asp?cust=mam
Sold $TSLA Oct 5th 320 call for 5.75. Expires on Friday. Against a 250 put sold Friday as a roll, (trying to close for 1.00)
$SPX just finished its best quarter since 2013. It didn’t really feel like that.
“For the quarter, the S&P 500 rose 7.2 percent, its best quarterly gain since fourth quarter 2013. The Nasdaq also notched a 7.1 percent quarterly gain, its best since first quarter 2017. The Dow outperformed in the third quarter, rising 9.3 percent.”
https://www.cnbc.com/2018/09/28/us-markets-political-turmoil-and-data-take-center-stage.html
#OptionsExpiration #SPXcampaign
— Expiring —
$SPX 2815/2840/2950/2975 condors, sold for 3.65 on Sep 13th
#PreEarnings I wasn’t planning on increasing size on this, but I’m getting such a discount today that I figured why not. If we don’t bounce by Monday or Tuesday, this won’t be looking too good.
BTO $JPM Oct 12th 116 calls for .50, adding to my position, started yesterday for 1.14.
#Earnings Closed my remaining $TSLA Oct 5th 275/322.5 strangle for 19.92. Was trying to work a decent exit when it was reaching its intraday high, but missed my fill. Then got caught in the steep dive for a crappy exit near the lows.
Partial roll: Sold Oct 12th 250 put for 11.30.
I’ll wait to see Monday before adding more.
BTC $TSLA Oct 5th 322.5 call for 1.01. Sold for 5.44 (avg price) earlier this week.
Still sitting on an Oct 5th 275/322.5 strangle.
Tesla shares drop sharply after-hours on news that Tesla and CEO Elon Musk have been sued by the SEC. $TSLA https://t.co/liwoa8TXs1 pic.twitter.com/AITBqqRG3N
— CNBC (@CNBC) September 27, 2018
#SPXcampaign Sold to Open $SPX Oct 12th 2825/2850/2960/2985 iron condors for 4.25. This is my third round of 2-week-DTE condors, replacing one that is expiring tomorrow.
#PreEarnings Bought to open $JPM Oct 12th 116 calls for 1.14.
Got this from MamaCash’s excel sheet… buying 40-delta call, 14 days out. The pullback in the stock over last few days provides decent entry for a run up into earnings, which are the morning of the 12th. I’ll plan to close the trade before the market close on the 11th. I’ll look to take profits if stock approaches its recent high of 119.24.
#CoveredCallCampaign
Closed on GTC orders:
$SQ Oct 5th 82 puts for .10. Sold for 1.00 on Sept 14th
$MU Sep 28th 45 covered call for .08. Sold for .90 last Friday
#SuperCharger Sold to close $GOOGL Oct 5th 1140/1150 bull call spreads for 9.55.
Bought for 6.85 on the 17th, after rolling from the Sep 28th 1155/1165 spread.
#VXXGame Filled right after the bell (since VIX ETF options stay open until 4:15p):
STO $UVXY March 75 call for 5.00. Highest strike.
Dow turns negative after Powell press conference ends; bank stocks lead decline https://t.co/SiORT8kanq pic.twitter.com/7xtwddKI0Z
— CNBC Now (@CNBCnow) September 26, 2018
#ContangoETFs Sold to Open $BOIL Jan 2019 45 call for 1.25. Highest strike.
#CoveredCallCampaign
STO $FB Oct 19th 172.5 calls for 2.00
BTC $OLED Sep 28th 124 call for .15. Sold for 1.65 on Friday
#Earnings
BTC $TSLA Sep 28th 275/322.5 strangle for 1.10. Sold for 8.20 on Sep 17th.
STO $TSLA Oct 5th 322.5 call for 5.60, adding to my position. Will sell another put on a down move.
SurveyMonkey soars more than 60% in market debut, after opening at $18.75 per share https://t.co/a3jfknk6Fg pic.twitter.com/Ll7wchkBkx
— CNBC Now (@CNBCnow) September 26, 2018
#CoveredCallCampaign #StrangleRoll
BTC $SQ Oct 19th 97 calls for 4.40. Sold yesterday morning for 1.60.
STO $SQ Oct 19th 88/100 strangles for 5.00
Square up +11%
https://finance.yahoo.com/news/why-square-inc-stock-jumped-191700513.html
$SQ
#ContangoETFs STO $GUSH March 55 call for 4.20. Looks like I was filled at today’s top.
#Earnings Building back after earnings trades gone bad
BTC $TSLA Sep 28th 275/322.5 strangle for 2.40. Sold for 8.20 on Sept 17th. (still holding another lot)
Sold $TSLA Oct 5th 275/322.5 strangle for 11.15 (legged in)
Sold $RH Oct 5th 130 put for 2.80.
#coveredcallcampaign
BTC $FB Oct 5th 175 calls for .15. Sold for 1.50 on Sept 11
BTC $AAPL Oct 5th 230 calls for .35. Sold for 3.60 on Sept 13th
STO $AAPL Oct 19th 227.5 call for 2.10
STO $AAPL Oct 12th 215 put for 2.05
BTC $SQ Sep 28th 80 put for .13. Sold for 1.30.
STO $SQ Oct 19th 97 calls for 1.60
Sold to close $BABA stock for 163.15. Raising some cash by selling half of my stock. This one can’t get off its ass. Was assigned via 200 puts on Feb 2nd. With covered call and put sales, cost basis 183.00. Holding the rest for an eventual return to 200.
BTC $BABA Oct 5th 175 call for .45. Sold for 1.60 on Friday.
#SuperCharger $AMZN keeps testing new lows so I’m out with a tiny profit on this round, small loss overall counting the first one I rolled.
Sold to close $AMZN Oct 19th 1865/1875 bull call spreads for 6.75. Bought for 6.55 last week.
$GOOGL also looking weak, but didn’t breach my 1150 short strike so I’ll hang with it.
Also opened one in $NVDA Friday, which is holding up.
Click on the chart for a larger view
Link to chart: http://mam.econoday.com/byweek.asp?cust=mam
#VIXIndicator The close bumped us up to 11.68, so still no start of the countdown to an Upside Warning.
#CoveredCallCampaign
#Rolling $BABA hit 170 in the pre-market; I closed one of two calls I had at the 170 strike. Kept the other.
BTC BABA Sep 28th 170 call for 1.95. Sold for 1.55 on Sept 12th
#Rolling Sold BABA Oct 5th 175 call for 1.60
BTC $SQ Oct 5th 97 covered calls for .25. Sold for 2.45 on Sept 13th
Sold $MU Sept 28th 45 covered call for .90. I also am still long Oct 5th 45 calls.
BTC $OLED Sept 21st 122 covered call for .40. Sold for 1.50 last Friday.
Sold Sept 28th 124 call for 1.65.
#SuperCharger I was looking at a #Lophir but wasn’t liking the margin requirement R/R. This trade is a better fit.
Bought to open $SPX Oct 26th 247.5/257.5 bull call spreads for 7.30. Profit target: 9.40.
I think it shows stock market performance is fairly unpredictable based on Washington’s makeup.
$SPY is down due to ex-div
#VIXIndicator We spent the morning in Upside Warning territory, but despite a steadily rising SPX all day, the VIX also rose steadily then ended up closing higher on the day.
#CoveredCallCampaign
Sold $AAPL Oct 12th 227.5 covered call for 2.13
Sold $FB Oct 12th 172.5 covered call for 1.20
BTC $OLED Sep 21st 114 put for .15. Sold for 1.50 last Friday
#Earnings #Assignment While waiting for $PVTL 22.5 puts to hopefully expire, I got assigned last night. At least it is cheap. No weeklies, and options premium is weak, so I will hopefully catch a bounce and sell it.
We awake to a ripping rally and lowest VIX since early August.
#Scary Sold $TLRY Sept 21st 150 puts for 1.85. One put in each of two retirement accounts.
#VXXGame Waited a long time for this… Bought to cover 10 shares of $VXX shares for 26.95. Was early assigned 100 short shares on Feb 12th via a 27 short call. I will scale out as it moves down.
Look at the Oct 19th ATM options.
240 call: 50.00
240 put: 105.00
I know puts usually are more than calls, but that’s quite a difference! Sell a straddle and your profit range at expiration would be 85.00-395.00
#CoveredCallCampaign Nice to see some strength in this one, but worried it’s a dead cat.
Sold $BABA Oct 5th 170 covered call for 1.55.
BREAKING: Tesla share sharply drop on report that the company is facing a U.S. criminal over Musk's statements https://t.co/2c272KfMhC pic.twitter.com/3qqWxjXdPh
— CNBC Now (@CNBCnow) September 18, 2018
#Earnings Post-earnings pullback: Selling at the 200 dma on a bullish trend;
Sold $FDX Oct 12th 240 puts for 2.90
BREAKING: China retaliates against Trump’s new tariffs with its own 5%-10% tariffs on $60B of goods http://cnbc.com/id/105455033
#SuperCharger Sold $GOOGL Sep 28th 1155/1165 bull call spreads for 6.50. Bought for 6.99 last Monday.
#Rolling Bought GOOGL Oct 5th 1140/1150 call spreads for 6.85.
I’m getting leery, however, of staying long anything.
#Earnings #StrangleRoll
BTC $TSLA Sep 21st 260 put for .59. Sold for 11.95.
Stopped TSLA Sep 21st 300 calls for 7.80. Sold for 3.35.
Rolled to: Sold Sep 28th 275/322.5 strangles for 8.20.
#SuperCharger Bought to Open $AMZN Oct 19th 1865/1875 Bull Call Spread for 6.55. Moved strikes 25 points lower and bought this one for cheaper than usual.
#Supercharger Sold to Close $AMZN Sep 28th 1890/1900 bull call spread for 6.50. Bought for 7.35 on Sept 6th.
As an experiment, I had also sold a 1-lot in the 1900/1890 put spread for 2.70. I entered the order to close for 3.55, which is the same .85 loss as the call spread. This put spread closed when AMZN hit 1923, and the call spread closed when it hit 1924. So as for stop loss, the experiment shows these spreads work about the same. I’ll try this again to see how the winners turn out.
#SuperCharger Sold to close $AZO Sept 21st 725/735 bull call spread for 6.50. Bought for 7.35 on Aug 30th.
The expiration on this spread is AFTER earnings, which is not ideal as you won’t get enough theta decay to take the desired profit unless you wait past earnings. I didn’t want to risk the full 7.35 on that coin toss.
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