Author Archives: Option Iceman

Option Iceman 1:03 pm on Friday, September 21, 2018
Tags: , , , Sep21   

#OptionsExpiration #Monthlys #Sep21 – some…

#OptionsExpiration #Monthlys #Sep21 – some nice gains this week, especially in WDC and EWZ. I was able to #DoubleDip some old long Calls in TSLA and OLED, bringing in a 2nd premium against the long positions.
Some unexpected action in TLRY this week, with most of my positions falling next week.
I will also selling more NUGT Covered Calls on Monday.

— Expirations —
EWZ 09/21/2018 30.00 Puts – Sold @ 0.80
NUGT 09/21/2018 14.00 Covered Calls – Sold @ 0.16
OLED 09/21/2018 125/155 Bear Call Spreads – Sold the short for 0.30
OLED 09/21/2018 135/155 Bear Call Spreads – Sold the short for 2.15
TSLA 09/21/2018 327.50/470 Bear Call Spread – Sold short for 1.17
TLRY 09/21/2018 90.00 Puts – Sold @ 0.75
WDC 09/21/2018 57.50 Put – Sold @ 1.07
WDC 09/21/2018 55.00 Puts – Sold @ 0.53, 0.63, 1.59

— Assignments —
NUGT 09/21/2018 16.00 Puts – Sold for average of 2.40
NUGT 09/21/2018 15.00 Put – Sold for 1.90

Option Iceman 7:37 am on Friday, September 21, 2018
Tags:   

OLED

Sold OLED 09/21/2018 125.00 Calls @ 0.30. These expire at the close today.
Had some left over long calls from earlier diagonal spreads so I took a shot to cover the cost of those again.
#DoubleDip

Option Iceman 6:56 am on Friday, September 21, 2018  

OLED

Sold OLED 09/28/2018 130.00 Covered Calls @ 0.65 with the stock at 123

Option Iceman 6:44 am on Friday, September 21, 2018  

TLRY Speculation

Sold TLRY 09/28/2018 55.00 Puts @ 0.65
Sold TLRY 09/28/2018 60.00 Puts @ 1.00
Sold TLRY 09/28/2018 65.00 Puts @ 1.25
With the stock at 133 my 240/310 Bear Call Spreads for next week are also working out.

Option Iceman 6:18 am on Thursday, September 20, 2018  

TLRY

New strike prices for next week and beyond up to 600. Lots of Bear Call spread possibilities.

Another sign of the insanity: the company with 500x forward P/E finished the day bigger than 40% of the companies in the S&P 500.

Option Iceman 12:41 pm on Wednesday, September 19, 2018  

TLRY

Sold TLRY 09/21/2018 90.00 Puts @ 0.75.
This puppy is not done yet. Down to 168.33 and halted again

Option Iceman 11:51 am on Wednesday, September 19, 2018  

TLRY

Diagonal Call Spreads
Sold TLRY 09/28/2018 250.00 Call / Bought TLRY 11/02/2018 310.00 Call @ 4.00 Credit
Sold TLRY 09/28/2018 255.00 Call / Bought TLRY 10/26/2018 310.00 Call @ 3.15 Credit

I’ve pushed the short side higher and made the long side longer. Rolling these should be interesting if necessary.

I’m likely done for today but even the sharp move up into the money has not hurt me. Bid ask spreads are wide so it’s really hard to do better than I did.