BTC January 2019, 40 puts @2.40, sold at 2.60. I want to free up some margin.
Author Archives: jsd501
SVXY
STO November 30, 51 covered calls @.48 cents. Still chipping away at this position.
TQQQ
I rolled my 61 calls in December 21 to the 49 calls in December 21 for a credit of 3.85, I will roll if I have to.
TQQQ
STO December 21, 49 calls @ 4.60, I will start to roll these when we get to 3 weeks before expiration. I need .15 cents per week to pay for this last purchase so I have just covered 30 weeks of my trade.
OXY
STO May 17, 85 covered calls @1.10
I bought the stock when I thought oil was going up. Nice dividend of 4.13% plus the covered calls.
TQQQ
In my IRA, BTO January 2021 60 calls @14.96 and will sell short dated calls on an uptick.
TQQQ
In my IRA, BTO January 2021, 60 calls @15.60, need .14 cents per week to break even.
Gartman
I read over on SMM that someone posted that Gartman says it is time to sell. I cannot confirm that info.
SVXY
I forgot to post. I STO the 50 calls @ .98 cents to replace the 54 calls that expired on Friday.
STX
I bought to close the January 40 puts @ 1.25 which is where I sold them. I am trying to close all my positions at my cost if I can. I feel that with the FED raising rates, the market is vulnerable and the damage done to the market means to me that we are no longer in a bull market. I will keep my position in the TQQQ and write short dated covered calls against my 2021 60 calls.
LABU
Rolled November 2, 72 calls to November 16, 75 calls for a credit of .47 cents. I own the 115 calls in 2021.
TQQQ
Rolled November 16, 59 calls out to December 21, 61 calls for a credit of 1.03 so a better strike price and nice premium with 107 more weeks to go. I will have covered 25% of my cost by December 21.
SIVB
Sold to open February 300 calls At 3.60
SIVB
Last night I was assigned early on the November 14 shares at 90.00. I will be writing covered calls.
My mistake. I was assigned the $300 shares and I sold the $300 calls in February at 3.60
I did not have enough caffeine
amzn
STO November 2, 1475/1500 bull put spread @ 2.25 adding to my position.
TQQQ
Taking the opportunity to roll from November 9, 58.5 calls to November 16, 59 calls for a credit of .18 cents. If I can do this for the next 61 weeks I will be happy.
AMZN
STO 1475/1500 bull put spread @ 1.75 for November 2 expiration.
TQQQ
In my IRA, I rolled my 58.5 calls from November 9, to November 16, 59 calls for a credit of .18 cents. These are against my 66.67 calls and I have 61 more weeks to go. I have covered 50% of my cost so far but am under water on the long dated position.
SOXL
Rolled my 90 puts in December to February 80 puts for a credit of 2.85
LABU
Rolled my 2020, 115 calls to 2021 115 calls for a debit of 3.90
AMZN
STO 1550/1570 bull put spread @3.60 credit.
T2108
I think we get it below 5% today.
TQQQ
I roll my November 2, 58 calls to November 9, 58.5 calls for a credit of .30 cents. I need .18 cents per week so I am getting an extra .12 cents and an increase in the strike price of 1/2 point.
LABU
STO November 2, 72 calls @ .55 cents. These are against my 2020, 115 calls but I still have 64 weeks to earn the premium to pay for this position.
SVXY
Covered calls. STO November 2, 54 calls @.30 cents.
FromSMM
Gartman says we could go down 15 to20% from here. Buy,buy,buy.
Expirations Have a nice weekend.
LABU 80 calls
LABU 92.5 calls
SVXY 62 calls
AMZN 1580/1600 bull put spread
TQQQ
I rolled my November 2, 66 calls, 66.5 calls, and 67 calls down to the November 2, 58 calls for an average credit of 2.76 which covers 15 weeks of my weekly calls at .18 cents per week. I have covered 18% of my cost and have 115 weeks to go from November 2.
TQQQ
Rolled the October 26, 57 calls to November 2, 58 calls for a credit of .17 cents. I get a credit and an extra point in my strike price. These are against my 2021, 60 calls.
TQQQ
Rolled the October 26, 65 calls to November 2, 66 calls for a credit of .16 cents. These are against my January 2021, 60 calls.
TQQQ
rolled my 66.5 calls from October 26 to November 2, 67 calls for a credit of .17 cents. I like to roll if I can get a better strike price and premium.
TQQQ
I rolled all of my January 2020, 66.67 calls out to 2021 and down to the 60 calls for a debit of 8.40 but since I am getting a lower strike of 6.67 points I am really paying 1.73 to roll out an extra year.
TQQQ
Rolled the November 16, 75 calls down to the October 26, 57 calls for a credit of 3.45
TQQQ
BTC October 19, 66.5 calls for .02 and sold October 26, 57 calls for 2.93 against my 2021 60 calls that I am long.
Have a nice weekend to everyone.
No expirations
TQQQ
BTO January 2021, 60 calls @ 18.00 and sold to open the October 26, 65 calls @ .45. I need less than .16 cents per week to pay for these.
TQQQ
I rolled a small part of my 66.67, 2020 calls out to the 67 calls in January 2021for a debit of 5.70 this morning.
T2108
Does anyone know where the T2108 is trading this morning?
TQQQ
BTO 2021 60 calls @ 19.50
TQQQ
STO October 66.5 calls @ .60 against my 2021 long calls.
TQQQ
BTO January 2021, 60 calls @20.50
AMZN
STO October 26, 1550/1570 bull put spread @ 2.15
SJM
BTC October 19, 90 puts @ .05, sold at 1.15
My only winner of the day.
TQQQ-bearish trade
STO January 55 puts @ 5.10 against my January 50 puts that I am long in January. This trade will cover my exposure and give me a gain of .11 cents on expiration. I was tired of looking at a loss for the last several months and am moving on.
BA
BTO October 26, 360/370 bull call spread @ 8.05
BABA, STO November 16, 180 calls @ .52
SOXL
STO December 90 puts @ 3.60, I did not catch this one yesterday when the premiums were higher.
#OT
Just remember, the bond market opens tomorrow and if rates are higher this may be only a dead cat bounce.
Expirations
BABA, 185 calls
LABU, 115 calls
I am off to the gym so have a nice weekend to everyone.
#OT
Over on SMM, someone posted that Gartman turned bullish 3 days ago. What an indicator?
AMZN
STO October 19, 1580/1600 bull put spread @.55
STO October 26, 1580/1600 bull put spread @ 1.27
If they get down here I will keep rolling, rolling, rolling.
LABU
STO October 19, 92.5 calls @ .80 cents. These will replace the 115 calls that expire today. I have covered 28% of my cost of the 115 calls in 2020 and have 65 more weeks to go.
TQQQ
I see support around the 200 day MA which is around 58. I intend to add to my position by buying the 2021 calls but am not sure which strike price yet.
BA and RTN
I decided to close out the long dated calls on BA and RTN since we have had a nice run.
BA, STC 2020, 370 call and BTC 10/19, 390 calls at 51.50, cost basis 43.67
RTN, STC 195 calls and BTC 10/5, 205 calls at 24.80, cost basis 20.92
TQQQ
STO, January 2019, 55 puts @2.60, this is a partial sale against my 2019, long position of the 50 puts in 2019. This was a bearish trade that is not working so far.
MELI
BTO 330/340 Bull call spread @ 6.74
BABA
STO October 19, 165 calls at 1.92 to offset my January 2019, 200 calls. I also have the 185 calls that expire on Friday so I am pre selling the calls.
SJM
Partial fill, BTC October 19, 85 puts @ .05, sold at 1.16
Gartman goes long
https://www.zerohedge.com/news/2018-10-01/gartman-defies-wall-street-goes-long-us-stocks-short-europe?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
BA
STO December 345 puts @ 5.10 with stock at 380
SVXY
I am selling covered calls to earn some premium.
STO October 19, 62 calls at .38 cents and .35 cents. I intend to roll these into the new year if I have to but will be taking a loss to offset any profits for this year.
BA
STC October 12, 350/360 bull call spread at 9.55, bought at 7.90
AMZN expiration
1680/1700 bull put spread @ .93 cents on 10 contracts. It pays for a nice case of wine.
AMZN
STO November 16, 1700/1720 bull put spread @ 1.90
NVDA
STC October 5, 247.5/257.5 bull call spread @9.55, bought at 8.25
Hat tip to Jeff for the idea.
GOOGL
BTC September 28, 1130/1150 bull put spread @ .15 cents. These are the ones I rolled last Friday at 3.60 credit. I am happy to be out of this one as anything can happen in the next 2 days.
BA
BTO January 2000, 370 calls and STO October 19, 390 calls for a debit of 43.00, adding to my position.
LMT
STC October 5, 320/330 bull call spread @ 9.25, bought at 8.20
HOS
I got a late fill on Friday afternoon. STO March 15, 6 covered calls @ .40 cents.
Expirations, have a nice weekend.
I am heading off to the gym in a few minutes so there are only 2 expirations today.
HOS, 35 calls covered. Will short again next week.
SIVB, 300 puts. Sold some more this morning that will expire in January.
SIVB
STO January 2019, 300 puts @10.40
TQQQ
I rolled all of my October 19, 73 calls to November 16, 75 calls for a credit of .92 cents. These are against my January 2020, 66.67 calls.
TQQQ
In one of the smaller accounts that I manage.
Rolled October 19, 73 calls to November 16, 75 calls for a credit of .90 cents. If these expire at zero, I still have 61 more weeks to sell premium. So far, I have collected 14% of the cost of the trade. These are against the 2020 65 calls that I bought at 16.00 on August 10.
BA, CAT
STC January 2020, 360 calls and BTC October 19, 375 calls for a net profit of 3.90
Just thought I would start booking some profits since everyone is so bullish.
Also, STC, CAT, 2020, 150 calls and BTC September 28, 155 calls for a net profit of 2.93
GS
BTO September 28, 225/235 bull call spread @ 8.25, stock trading at 236
TLRY, I bailed on my 250/300 September 28, bear call spread
Took a 5 point loss. Too crazy for me.