BTC May 18, 150 puts and sold the June 29 puts for a net credit of 4.30 but these expire in January 2019. I have reduced the cost of the trade from 28.10 down to 19.38 so the premiums are great so far.
Author Archives: jsd501
ANET
BTC June 165 puts @ .05, sold at 2.45
MTCH
BTC June 15, 28 puts @ .05
Leaps
I wish there were weekly options on the SOXL. I may take another look at the XBI but liquidity is also important.
FB
BTC June 140 puts @ .05, sold at 2.00 and that is the last of the puts that I sold on the spike down.
FAS
BTC 63,63,61 Fuzzy and made a small profit after it was all said and done. There is not enough liquidity in that one for me.
TQQQ bearish trade
I rolled my May 18, 137.5 puts up to the May 18, 150 puts for a credit of .45 cents.
SVXY
BTC January 60 puts @46.90 on a small portion of the puts that I have not been assigned yet. I am using the profits I make to cover the loss on these trades when I can. I think it will take about 2 years to cover the loss on my SVXY trades.
ERX Fuzzy
I rolled my May 11, 37.5 calls to May 18, 37.5 calls for a credit of .42 cents. I need only .12 cents per week to pay for this trade so I am getting an extra .30 cents even though I could not get a higher strike price.
TQQQ Fuzzy
BTC May 11, 157.5 calls and STO May 25 162 calls for a credit of .10 cents. Not much premium but I did pick up 4.50 points.
PEP
STO October 85 puts @1.26
STO October 80 puts @.68
Thanks to Ramie for the idea
.TNX
Watch the yield on the ten year note.
FB
BTC June 130 puts @.05, sold at 1.20
AMZN
BTC May 18, 1800/1850 bear call spread @ .05, sold @ .77
CVS, thanks for the idea
STO November 50 puts @ 1.20
STO November 45 puts @ .57
COO
BTC May 18, 190 put @.05, sold at 3.00
IFF
STO August 120 puts @2.20
STO November 110 puts @2.10
FB
BTC May 18, 150 puts @.05, sold at 2.70
Have a nice weekend
I am done for the day and no expirations but a lot of rolls today. I am off to the gym.
OLED
I just woke up to the fact that I will be called away on my 100 shares today. I am happy to see them go.
TQQQ
STO May 18, 137.5 puts at 1.60 against my bearish fuzzy. Long the 150 puts and short the 137.5 puts.
TQQQ
Rolled May 4, 155 calls to May 11, 157.5 calls for a credit of 2.25, this is getting too close to getting called today.
TQQQ
BTC May 11, 140 puts @ 1.10, will sell May 18 puts today or next week.
SWKS
BTC May 18, 75 puts @.05, sold at 1.50
CME
Rolled my May 11, 165 calls out to May 18, 160 calls for a credit of .95 cents. I have reduced my cost from 16.50 down to 11.73 since February 16 and have 87 more weeks to go.
SPY
We have broken down through the 200 day MA
FAS
Rolled May 4, 67 calls to May 11, 63 calls for a credit of .94 cents
Market
This is an ugly opening.
FAS
I am in the 2020 Fuzzy at 63C,63P, 61P and short the May 4, 67 call. My maximum loss is 15.50 and I am in the trade at 13.50. After Friday, my cost basis will be down to 11.87 and I need .17 cents per week to break even from when I put the trade on. I am thinking of selling the 63 call for may 11 or May 18 on Friday afternoon. This would bring my cost basis down below $10.00 with 88 weeks to go. Any thoughts?
MTCH
STO June 28 puts @1.10
SPX
BTC May 16, 2900 calls @.05 which was part of a 2900/3000 bear call spread. The spread was sold at .45 and I will let the 3000 calls just expire.
SPY,SPX
We are 20 points away from the 200 day MA and could go below it on any bad news. The RSI and Stochastics don’t look good. I have positions and they are Fuzzy trades as well as short puts on various stocks. I am also 50% in cash and don’t trust this market. I hope I am wrong but I feel more comfortable being in cash.
MArket
Not much more is going to happen today so I am going to the gym and the tread mill.
FAS, CME
STO FAS, may 4, 67 calls @.55
STO CME, May 11, 165 calls @.65
Signing off
I am going to the gym early. Fridays tend to be quiet after lunch time on the east coast so not much to do.
My FAS 67 calls will expire and I will wait until Monday to sell them again on the fuzzy trade.
My TQQQ 160 calls will also expire and I pre sold the May 4, 155 calls this morning at 2.10 and if they expire will have reduced my cost by 11% in 3 weeks. I will be much happier when it is 100% and have a year to go before expiration.
Have a nice weekend to everyone.
AMZN
May 18 trade, 3 weeks to expiration.
STO 1360/1310 Bull put spread @ 1.20
STO 1800/1850 Bear call spread @ .77
MDT
BTC June 65 put @ .10 Sold @ 1.15 as a falling knife. Taking it off almost 2 months early with no brokerage.
FB
BTC May 18, 135 puts @ .05, sold at 1.16
TQQQ
Taking a chance.
STO May 4, 155 calls at 2.10, I have the 160 calls that expire today which were sold at 2.90 which will reduce my cost of the 150 calls in 2020 down to 37.43.
Also, rolled my may 4 Fuzzy on the TQQQ from the 170 calls down to the 155 calls for a credit of 1.85 which will reduce my cost basis so far by 13.4%
XBI FUZZY
Closed the 2020 Fuzzy trade @12.30, for a profit of .47 cents. I Just did not like this trade.
BTC April 27, 93 call,
STC 2020, 88call
BTC 2020, 88 put
STC 2020, 86 put
FB Fuzzy
Closed my 2020 FB Fuzzy AT 34.10, the trade was put on for 27.00.
BTC April 27 call
STC 2020 165 call
BTC 2020 165 put
BTC 2020 160 put
Ten year treasury
I am still not the best chart reader but I see resistance about every 20 basis points rising up to 4% which would be the next major resistance. All the technical indicators look good for rising rates. Not good for stocks IMHO.
TQQQ
Rolled my short April 27, 145 puts out to May 11, 140 puts for a credit of .09 cents.
SPX trade
STO May 16, 2300/2200 bull put spread at 1.05
KMB
STO July 90 puts @1.05
TQQQ
I see the neck line around 130 which is also near the 200day MA. If it does not bounce there this market are in trouble.
BABA 2019 Fuzzy
BTC April 27, 215 calls @.01
STO May 4, 192.5 calls @.68 cents
TQQQ
I am not the best chart reader in the world but the QQQ and TQQQ look like it is forming a head and shoulder pattern. It that is the case and it breaks the neck line, I see a move down to about 70 on the TQQQ. The stochastics are turning down and the RSI is under 50 so, even though we may rally this morning I would be careful.
Market
This is boring. I am going to the gym and I expect the market to be down when I return. Please don’t disappoint me.
OLED
I was assigned at 97.5 cost basis so sold the May 4, 96.5 covered calls @4.60
TQQQ bearish trade
BTO January 2019 150 puts @28.10
STO April 27, 145 puts @3.40
I need .98 cents per week to cover the cost of this trade. I think that with interest rates going up, this should be a good trade to offset my bullish trade on the TQQQ.
Expirations
Only a few.
WBA 60 puts
ALK 55 puts
STZ 200puts
EXAS 40 puts
CELG 97 covered calls
OLED 100 puts assigned
FAS roll
BTC April 20, 66 call and STO May 4, 67 call for a net credit of .94 cents. This completes all of my rolls for today. I have more next Friday.
CME
STO May 4, 177.5 calls @ .35 cents and the April 20 175 calls will expire today at zero. This is my 2020 Fuzzy, 160,160,155. I put this on 10 weeks ago and have covered 18% of the cost of the trade so far.
TQQQ
STO May 4, 170 calls @ .90 cents. I have 175 and 180 calls that expire today. This is a Fuzzy 180,180,175 for 2020.
CELG
STO May 11, 97 covered calls @.75
Covering puts early
CVS, BTC May 18, 50 puts @ .05, sold at .64 cents
DGX, BTC May 18, 85 puts @ .06, sold at 3.20
EXAS, BTC April 20, 45 puts @.10 to avoid possible assignment. Sold at 3.10
EXR, BTC June 15, 65 puts @ .10, sold at 2.15
Interest rates
The ten year note took a nice pop up in yield this morning. Not good for stocks if we go over 3%.
GWW falling knife
BTC July 155 put @ .10, sold at 3.30 and a hat tip to Iceman for the idea.
NVDA
BTC April 27, 195/265 strangle at .17 cents. Sold at 4.00 and a hat tip to Fuzzball for the idea.
EXR Falling knife
BTC June 60 puts @ .05, sold at 1.28
SPX
STO May 16, Bear call spread: 2900/3000 @.45 cents.
Market
I wonder if we will get a strike on Syria this weekend? It could be a reason for the weakness tody along with the other political stuff.
>SPX trade
STO May 11, 2300/2400 bull put spread @1.75 which will offset my May 11, 2850/2950 Bear call spread.
CELG
BTC April 20, 75 puts at .01, Sold At 1.80 on 2 contracts.
FB
I rolled my April 20, 180 calls to April 27, 180 calls for a credit of .86 cents. This is a 165C,165P, 160P Fuzzy in 2020. I only need .32 cents per week to break even.
FFIV
BTC April 20, 130 puts @.05, sold as a falling knife @ 1.05 on 2 contracts. I am covering positions early because I don’t trust this market.
Fuzzy trades
I put on a Fuzzy trade on MSFT and just closed it today for no gain or loss. The problem with this trade even though I bought the 2020 Fuzzy is that MSFT has no volatility. Since there was no Vol. I could not sell the near by weekly calls for much premium. We need good volatility for these trades to work. Lesson learned.
TQQQ
BTO 2020 150 calls at 42.42 and STO April 27, 160 calls @ 2.90
I need .46 cents a week to break even.
WHR
WHR BTC April 20, 125 put At .05, sold as a falling knife at 1.95
HSIC
BTC a falling knife April 20, 60 put @ .05, sold at 1.80 on just 1 contract.
XBI
Rolled April 13, 91 calls to April 27, 93 calls for a credit of .28 cents. This is a 2020 fuzzy of 88 calls, 88 puts, and a hedge of 86 puts.
Have a nice weekend to everyone
Tune in on Monday for more exciting trading and fun.
FAS
Rolled my April 13, 65 call up to April 20, 66 call for a credit of .17 cents.
TQQQ
STO June 15, 182 calls against some of my short puts @2.60