Borrowing an idea from TT (from yesterday).
Sold 8/16 136/143 bear call spread @ 1.05.
Author Archives: Ramie
SHOP call spread
$SHOP printing an inverted hammer today and coming back inside the upper bollinger band on the daily chart. This may have topped out for now. Sold 7/19 340/350 bear call spread @ 3.33. Short strike above today’s high.
Keeping it on a short leash and will close out quickly if the stock reverses back up and tests 340 again.
More NUGT
Sold $NUGT 9/20 35 calls @ 1.40. Highest strike in Sep.
Continuing to add to NUGT
Sold $NUGT 9/20 31 calls @ 1.15, adding at a higher strike. I had an order in from this morning and got filled but I probably should have waited–you can get quite a bit more now (or maybe a higher strike).
My position is now short:
9/20 26 calls
9/20 30 calls
9/20 31 calls
Closing AVGO
Bought to close $AVGO 7/19 250/240 bull put spread @ .85. Sold for 2.40 on 6/14.
Adding NUGT
I’m already short the Sep (9/20) 26 calls. Just added (sold) 9/20 30 calls @ 1.05.
Closing VXX put spread
Sold to close 6/21 31/26 bear put spread @ 3.82. Bought for 2.51 on 5/29. 52% profit.
TQQQ covered call
Sold against stock from assignment. STO 7/19 64 call @ 1.52. I was assigned at 64 so if called away in July, position will be closed for an overall profit.
Taking profits on FB
Bought to close $FB 7/19 165/155 bull put spread @ .59. Sold for 1.72 on 6/12.
Closing AVGO
Bought to close $AVGO 7/19 230/320 strangle @ 1.75. Sold for 2.92 yesterday.
VXX put spread
Bought $VXX 7/19 28/24 bear put spread @ 1.94 debit. About 1:1 risk/reward. Breakeven 26.06 in 36 days with VXX currently at 27.38.
Closing BYND
Bought to close $BYND 7/19 90/80 bull put spread @ 1.00. Sold for 2.25 on 6/11.
Unrelated–I have a strange hankering for a cheeseburger.
AVGO post-earnings
Sold $AVGO 7/19 250/240 bull put spread @ 2.40.
AVGO strangle
Borrowing another TT idea.
Sold $AVGO 7/19 230/320 strangle @ 2.92.
Earnings play but expiration in July.
DIS covered calls
Sold $DIS 7/19 145 calls @ 1.33 (covered). This is a partial hedge against my stock position.
Closing LULU
Bought to close $LULU 150/155/185/190 iron condor @ .45 for 80% of the max profit.
Closing RH
Bought to close $RH 8/16 75 puts @ .80. Sold for 3.10 on 4/2.
Closing CTL
Bought to close $CTL 6/21 10 puts @ .04. Sold for .33 on 5/9.
IRBT closing adjusted trade
Getting out for near breakeven/small profit.
Bought to close $IRBT 7/19 90/95 strangle @ 7.05.
Original trade was short May 95 puts. Rolled down and out to June 92.50 puts, then added Jun 95 calls. Subsequently rolled the position out to July 90/95 strangle. Overall profit after adjustments is .28. Lots of work to get back to even but I’ll take it.
Congratulations to the St. Louis Blues
Game 7
I feel like I might have jinxed game 6, so I’m not gonna say anything about who’s gonna win tonight, Fuzzy. All I’ll say is enjoy the game. It’s looking to be a great one!
LULU earnings
Sold 6/21 150/155/185/190 iron condor @ 2.25 credit.
Stock around 170.30. Short strikes right at expected move (+/- 15 points).
Adding to DRIP
Added a bit to this position (at the highest strike in Sep). Sold 9/20 21 calls @ 2.20 with DRIP at 16.07. My previous sales were at 1.55. Still pretty far out of the money but making a strong move up on the continued hammering of oil.
FB put spread
Sold $FB 7/19 165/155 bull put spread @ 1.72.
CMG call spread
Borrowing an idea from Tom at TastyTrade. Sold $CMG 7/19 750/760 bear call spread @ 3.60. Stock at 729.40 up almost 15% over the last week. Daily chart shows resistance around the current price.
Closing a VXX put spread
Hit my 50% profit target, so sold to close 6/21 32/27 bear put spread @ 3.75. Bought for 2.44 on 6/3.
BYND put spread
Sold $BYND 7/19 90/80 bull put spread @ 2.25. Going far out of the money with the short strike at 14 delta and more than 40 points out of the money.
There’s some meat on the bone with out of the money option premium. See what I did there?
Closing a Boeing position
Bought to close $BA 6/21 330/320 bull put spread @ .28. Sold for 1.49 on 5/20.
Shout out to Fuzzy
Go Blues! Great win in Boston last night, taking back home ice advantage and setting up a possible series-ending-Stanley-Cup winning game 6 at home. Scottrade Center errrr Enterprise Center will be rocking! It’s time to end the drought–Sunday night will be it.
Trying out HIIQ
Thanks @honkhonk81 for bringing my attention to this one.
Sold $HIIQ 7/19 jade lizard–short 26 puts + 34/37 bear call spread–for 3.20 credit.
Closing JNJ
Bought to close $JNJ 7/19 120 puts @ .60. Sold for 1.23 on 5/29.
Closing ANET for 50% profit
Bought to close $ANET 6/21 230 puts @ 1.50. Sold for 3.00 on 5/3
VXX put spread
Bought $VXX 6/21 32/27 bear put spread @ 2.44. Breakeven 29.56 in 19 days with VXX at 30.82. With all the volatility, the VIX term structure has remained relatively flat (still in a slight contango in the short end of the curve: http://vixcentral.com/).
Getting back in NUGT
Sold $NUGT 9/20 26 calls @ 1.10
Closing AMZN put spread for a loss
Bought to close 6/21 1750/1740 bull put spread @ 5.38. Sold for 2.35 on 5/29. Will look to reinitiate something once things stabilize a bit more.
Rolling IRBT
Continuing to extend the trade and lower basis–rolled my now short 6/21 92.50 puts to 7/19 90 puts @ .25 credit, and 6/21 95 calls to 7/19 95 calls @ 1.60 credit. I looked at using the #lizardpies strategy described by @hcgdavis but for this one the strike availability didn’t allow it (they’re 5 points wide in July right now and I couldn’t get more than 5.00 credit anywhere). Will look at on my next rollout.
Total premium taken in now 7.08 so my breakevens have been lowered (helped by being able to move the put strike down for a credit). Downside breakeven 82.92, upside breakeven 102.08.
Closing AMGN
Bought to close $AMGN 6/21 175/180 bear call spread @ .94. Sold for 1.55 on 5/28.
TLT call spread
Fading the move up in bonds via a 6/21 132/137 bear call spread. Sold for .79.
EDIT: Corrected expiration date to 6/21
Closed SPX IC
Bought to close $SPX 6/10 2720/2695 BuPS + 2900/2935 BeCS @ 3.99. Sold for 7.00 on 5/23.
New VXX put debit spread
Bought $VXX 6/21 31/26 bear put spread @ 2.51. Breakeven in 24 days 28.49 with VXX currently at 29.81. Looking for 50% profit.
JNJ July puts
Selling momentum seems to be slowing, showing some life on the intraday charts. Sold $JNJ 7/19 120 puts @ 1.23 with the stock at 130.09. Delta 18. Strike price below the 12/24/18 low.
AMZN put spread
Sold $AMZN 6/21 1750/1740 bull put spread @ 2.35. Short strike at 28 delta, and below the 200 day moving average.
A bounce in oil?
Got pretty extended to the downside. Time to get back to fading the triple leveraged commodity ETFs.
Sold $DRIP 9/20 21 calls @ 1.55
BA put spread
Sold $BA 6/21 340/330 bull put spread @ 1.30
AMGN call spread
Sold 6/21 175/180 bear call spread @ 1.55
IRBT adjustment
Sold $IRBT 6/21 95 calls @ 1.93, against my now ITM 92.50 puts to lower the delta.
The puts had been rolled from the original position (May 95s) for a credit, so total premium taken in is now 5.48.
Updated position is a June 92.50/95.00 strangle with breakevens at 87.02 and 100.48.
Stock doesn’t seem to want to get off the mat but nothing lasts forever.
UVXY vertical call spread in July
Sold $UVXY 7/19 50/60 bear call spread @ 1.15 with UVXY at 37.41.
AMZN put spread
Sold $AMZN 6/21 1780/1770 bull put spread @ 3.38
Adding a BA call spread
Short puts breached on my 6/21 350/340 BuPS. Just sold a 370/380 BeCS @ 1.72 to bring in premium. Short strike at 24 delta. Will roll down the call spread if there’s further downside move in the stock.
SPX iron condor
Sold $SPX 6/10 2720/2695 BuPS + 2900/2935 BeCS @ 7.00 overall credit. Leaning a little big long with the short puts at 22 delta and the short calls at 12 delta.
UVXY vertical call spread
Sold $UVXY 6/28 (weekly) 40/50 bear call spread @ 2.00
Closing a VXX position
Sold to close $VXX 5/31 32/27 bear put spread @ 3.90. Bought for 2.50 on 5/9.
BA put spread
Looking at the recent lows from last week and putting on a $BA 330/320 bull put spread for 1.50 credit. Short strike at 20 delta, and below lows from from 5/13-5/15. A test of of those lows back into the 330s and I’ll cut bait.
NVDA iron condor
Sold $NVDA 6/21 140/145/175/180 iron condor @ 1.50 credit with the short strikes (145 and 175) around 20 delta. IV rank still on the high side (43).
DE post-earnings
Sold $DE 6/21 135/130 bull put spread @ 1.35
DIS Covered Calls
Sold calls against some stock that I’m long to hedge part of my position. STO $DIS 6/21 140 calls @ 2.00 with the stock at 136.08. Delta 35. Strike is above the all time closing high from late April (stock was above 140 intraday on days in late April but never closed above it). Looking for resistance at that level.
X puts
Sold $X 6/21 14 puts @ .50 with the stock at 14.93. Delta around 30. Strike price below the low from last week of 14.16. IV rank 47.
Rolling IRBT
Rolled 5/17 95 puts down and out to 6/21 92.50 puts @ 1.90 credit with the stock now at 94.01.
Closing FB call spread
Bought to close $FB 6/21 205/215 bear call spread @ .68. Sold for 2.15 on 4/25.
Closing EA
Meant to post this earlier–filled in the last hour of the trading day. Bought to close $EA 6/21 85/110 strangle @ 1.43. Sold for 2.16 yesterday so with the volatility contraction I was able to get out with a nice 1 day profit.
CTL short puts
Sold $CTL 6/21 10 puts @ .33. Stock printing a hammer after the post-earnings gap down (between 3 and 4 standard deviations on the daily bollinger bands–now hanging around the 2SD lower band). If assigned, dividend yield will be 10% so I will likely take the stock if it closes below 10 at June expiration.
VXX long put spread
Again maybe a bit early, but on the chance that this vol spike has run its course, bought $VXX 5/31 32/27 bear put spread for 2.50 debit. 1:1 risk/reward. Breakeven in a little over 3 weeks is 29.50 with VXX currently trading at 30.76. Giving the trade a few weeks for vol to calm down in case I’m wrong. Will look to take 1.25-1.50 profit out of it.
Another UVXY call spread
Sold $UVXY 5/31 50/60 bear call spread @ 1.28
Fading the ROKU move
I may be a bit early so I’ll have this on a short leash. Sold $ROKU 6/21 90/95 bear call spread @ 1.23.
AMZN June BuPS
Sold $AMZN 6/21 1815/1765 bull put spread @ 12.02. Delta of short strike 30. IV rank 39.
UVXY weekly call spread
Sold $UVXY 6/7 50/60 bear call spread @ 1.25 with UVXY currently at 40.65
REGN Jun
Looking for a bounce here. Sold $REGN 6/21 300 put @ 5.80. Delta 23.
EA strangle
Borrowing a Tasty Trade idea.
Sold $EA 6/21 85/110 strangle @ 2.16.
FB BuPS
Sold $FB 6/21 180/170 bull put spread @ 1.71
BA adding
Sold $BA 6/21 345/340 bull put spread @ 1.15
MMM put spread
Sold $MMM Jun 21 170/160 bull put spread @ 1.22. Delta of short strike 22.
BA put spread
Sold $BA 6/21 350/340 bull put spread @ 1.98
UVXY call spreads
Sold:
$UVXY Jun 7 40/50 bear call spread @ 1.37
$UVXY Jun 14 40/50 bear call spread @ 1.39
ANET post-earnings
Sold $ANET 6/21 230 puts @ 3.00.
Everything old is new again
In case you haven’t noticed the new replacement symbol for the old VXX (VXXB) has been renamed back to VXX as of yesterday. Now let’s get it back down to 10-15 so it can reverse split again. Oh and it can take it’s defanged cousin (UVXY) down there with it.
