LRCX, BTC June 15, 130 puts @.05

CVS, BTC May 18, 60 puts @.01

OLED, BTC June 15, 75 puts @.10

In my IRA, BTO 2020 165 calls and sold June 29 170 calls for a debit of 36.20 so I need .42 cents per week to break even.

BTC October 22.5 puts @ .05

Rolled May 25, 162 calls to June 29 162 calls for a credit of 4.95 against my 150 calls in 2020. I am done rolling until June 15 when I may roll out to 45 days again. Now I am going to the gym. Back tomorrow morning in Option Bistro.

With the TNX breaking the 3.00% level I see the next stop at 3.60% and then 4.00%. So what does that mean for the TQQQ and market in general? The top of the trading range was 190 and the two corrections this year took us down to 130.If we break 130, I can see the TQQQ down to 70 since this is triple leveraged. The RSI has turned down but is still above 50 and the stochastics are still above 80 but have turned down. I can only say that at the 70 level, I like them a lot.

Rolled May 18, 200 call to June 29, 202.5 call for a credit of 4.17. This is my 2019 200c,200p,195p fuzzy. I would like to get out of this one because the expiration is too short and I think the 2020 would be a lot better.

Rolled May 18, 37.5 calls to June 29, 38.5 calls for a credit of 1.05

Funny, according to SMM, Gartman wrote that he has to be bullish and that was yesterday in his letter.

The 3 month treasury bill now have a higher yield than the S&P 500 so it is a risk free return for institutions.

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.

BTC June 165 puts @ .05, sold at 2.45

BTC June 15, 28 puts @ .05

I wish there were weekly options on the SOXL. I may take another look at the XBI but liquidity is also important.

BTC June 140 puts @ .05, sold at 2.00 and that is the last of the puts that I sold on the spike down.

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.

I rolled my May 18, 137.5 puts up to the May 18, 150 puts for a credit of .45 cents.

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.

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.

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.

STO October 85 puts @1.26

STO October 80 puts @.68

Thanks to Ramie for the idea

Watch the yield on the ten year note.

BTC June 130 puts @.05, sold at 1.20

BTC May 18, 1800/1850 bear call spread @ .05, sold @ .77

STO November 50 puts @ 1.20

STO November 45 puts @ .57

BTC May 18, 190 put @.05, sold at 3.00

STO August 120 puts @2.20

STO November 110 puts @2.10

BTC May 18, 150  puts @.05, sold at 2.70

I am done for the day and no expirations but a lot of rolls today. I am off to the gym.

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.

STO May 18, 137.5 puts at 1.60 against my bearish fuzzy. Long the 150 puts and short the 137.5 puts.

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.

BTC May 11, 140 puts @ 1.10, will sell May 18 puts today or next week.

BTC May 18, 75 puts @.05, sold at 1.50

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.

We have broken down through the 200 day MA

Rolled May 4, 67 calls to May 11, 63 calls for a credit of .94 cents

This is an ugly opening.

STO June 28 puts @1.10

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.

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.

Not much more is going to happen today so I am going to the gym and the tread mill.

STO FAS, may 4, 67 calls @.55

STO CME, May 11, 165 calls @.65

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.

May 18 trade, 3 weeks to expiration.

STO 1360/1310 Bull put spread @ 1.20

STO 1800/1850 Bear call spread @ .77

BTC June 65 put @ .10 Sold @ 1.15 as a falling knife. Taking it off almost 2 months early with no brokerage.

BTC May 18, 135 puts @ .05, sold at 1.16

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%

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

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.

Rolled my short April 27, 145 puts out to May 11, 140 puts for a credit of .09 cents.

STO May 16, 2300/2200 bull put spread at 1.05

STO July 90 puts @1.05

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.

BTC April 27, 215 calls @.01

STO May 4, 192.5 calls @.68 cents

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.

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.

I was assigned at 97.5 cost basis so sold the May 4, 96.5 covered calls @4.60

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.

Only a few.

WBA 60 puts

ALK 55 puts

STZ 200puts

EXAS 40 puts

CELG 97 covered calls

OLED 100 puts assigned

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.

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.

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.

STO May 11, 97 covered calls @.75

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

The ten year note took a nice pop up in yield this morning. Not good for stocks if we go over 3%.

BTC July 155 put @ .10, sold at 3.30 and a hat tip to Iceman for the idea.

BTC April 27, 195/265 strangle at .17 cents. Sold at 4.00 and a hat tip to Fuzzball for the idea.

BTC June 60 puts @ .05, sold at 1.28

STO May 16, Bear call spread: 2900/3000 @.45 cents.

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.

STO May 11,  2300/2400 bull put spread @1.75 which will offset my May 11, 2850/2950 Bear call spread.

BTC April 20, 75 puts at .01, Sold At 1.80 on 2 contracts.