FB put spread

Sold $FB Jan 18 125/120 BuPS @ 1.15. May consider taking assignment with a basis below 125 if it goes down there again in the next 2 weeks. Sold in IRA accounts.

Closing some BOIL

Have orders in to close some of these. This one filled:
Bought to close $BOIL Jan 18 50 call @ .25. Sold for 2.87 on 10/17.

BA put spread

Down today but seems like it’s stabilizing after the last couple of days.
Sold $BA Jan 18 290/280 BuPS @ 2.20. Delta of short strike 29.

Just read a statistic

25% of the S&P is trading below 10x earnings.
On the techncial side, T2108 (% of stocks above their 40 day moving average) is still deeply oversold obviously at 6.45. It got down to 3.45 on Monday–it hasn’t been at that level since the implosion in Oct 2008.
Hoping today’s impressive action actually means something. Would love to be dipping my toe back in but I’ve been cautious. Some follow through (similar to the Dalia Lama’s promise of total consciousness)…would be nice.

T2108 update

Almost at the close, T2108 is 5.60.

DUST closing

Just saw this fill from earlier.
Bought to close $DUST Mar 15 2019 40 calls @ .90. Sold for 2.00 on 7/27.
Taking the >50% off 4 months early.
Getting more aggressive in closing profitable positions now just because of how the exploding volatility has made a huge dent in buying power.

BA put spread

Hoping I’m not too early but just sold $BA Jan 18 295/290 BuPS for 1.20 credit. Short strike is below the stock’s big low on 11/20.

VXX long puts

Playing for a volatility contraction into the end of the week.
Bought to open:
$VXX Dec 21 43.50 puts @ 1.57
$VXX Dec 21 44.00 puts @ 1.80

AMZN put spread

Sold $AMZN Jan 18 1400/1390 BuPS @ 1.50

Closing some BOIL

Had this order in to close for .05. Just got filled.
Bought to close $BOIL Dec 21 105 calls @ .05. Sold for 1.50 on 12/4.

Some more rollouts

Rolled the following short Dec in the money puts out to Jan:
$ATVI 12/21 50 puts out to 1/18/19 50 puts @ 1.06 credit
$GS 12/21 180 puts out to 1/11/19 180 puts (weekly to avoid earnings) @ 2.22 credit
$WYNN 12/21 120 puts out to 1/18/19 120 puts @ 1.78 credit

UPS Falling Knife

Throwing one out there at 10 delta. Strike is at a level the stock hasn’t been in around 6 years.
Sold $UPS Jul 19 75 puts @ 1.35.

Rolling TNA

Rolled $TNA Dec 21 60 puts out to Jan 18 60 puts for 1.28 credit.

Closing WTW

I rolled this on 11/23, closing it now for an overall profit.
Bought to close $WTW Dec 21 49 puts @ 2.00. Rolled from 11/23 50 puts. Total profit .60.

Closing RH calls

Bought to close $RH Jan 18 165 calls @ 1.35. Sold for 3.00 on 12/4. Being strict about my 50% profit targets in this market.

Rolling ROKU

Rolled short in the money $ROKU Dec 21 40 puts out to Jan 18 40 puts for .92 credit. When I entered this trade on 11/8, I got 1.43 credit so total taken in is now 2.35 bringing my basis on the stock, if assigned, to 37.65.

Long FXB

With the pound taking a beating, I decided to sell some premium via put spreads in a couple of IRA accounts. The buying power of naked puts would be much too high so I bought cheap wings to create a synthetic short put with a potential 11% ROC in 40 days. Delta of the short strike is 30.

AAPL put spread

Sold $AAPL Jan 18 165/160 BuPS @ 1.12. IV rank is 66. Delta of short puts 28. Could be a double bottom on the daily–if there’s follow through I’ll look to take this off quickly with help from delta and a contraction of IV.

And…the Qs are positive

Nasdaq up on the day, after being down almost 175 points lower this morning

NFLX put spread-Dec

Sold $NFLX Dec 21 250/240 BuPS @ 1.20. IV rank is 68. Delta of the short put is 16.

BOIL Dec

Sold $BOIL Dec 21 105 calls @ 1.50. BOIL would need to double from here in 2 1/2 weeks to reach the strike.

RH calls

Sold $RH Jan 18 165 calls @ 3.00 with the stock at 144.96.

Closings from today

Bought to close the following:
$NVDA Dec 21 120 puts @ .06. Sold for 1.25 on 11/16.
$NVDA Jan 18 110 puts @ .20. Sold for 1.47 on 11/16.
$UVXY Dec 7 70/80 BeCS @ .04. Sold for 1.25 on 11/6.
$UVXY Jan 18 2019 75 call @ 1.30. Sold for 4.35 on 10/4.
$BA Dec 21 305/300 BuPS @ .09. Sold for 1.27 on 11/19.
$AMZN Dec 21 1470/1450 BuPS @ .31. Sold for 3.41 on 11/12.
$SOXL Dec 21 85 put @ .84-.85. Sold for 5.40-5.67 on 10/10.

VixCentral.com is down

They’re aware and working on it but just wanted to let you all know in case you were checking and wondering what happened.

Closing some SOXL

For greater than 50% of the profit.
Bought to close $SOXL Dec 21 85 put @ 2.60. Sold for 5.60 on 10/10.

Closing OLED

Bought to close $OLED Dec 21 70 puts @ .30. Sold for 1.45 on 11/12.

Rolling WTW

Rolled $WTW Nov 23 50 puts down and out to Dec 21 49 puts @ 1.30 credit with the stock at 47.95. Total premium taken in now 2.60 so my breakeven has been reduced to 46.40.

Closing more WHR

Taking more of this off. Now I’m just short Dec 110 puts.
Bought to close:
$WHR Dec 21 105 puts @ .59. Sold for 1.55 on 7/24.
$WHR Jan 18 95 puts @ .49. Sold for 1.25 on 10/3.
$WHR Jan 18 100 puts @ .75. Sold for 1.85 on 7/25.

Catching up on today’s trades

Took some profits on GTC orders.
Bought to close:
$DUST Dec 21 45 calls @ .35. Sold for 1.25 on 8/13.
$DUST Mar 15 2019 64 call @ .37 Sold for 2.10 on 8/23.
$PCG Nov 23 14 puts @ .06. Sold for 1.40 on 11/15 (thanks @optioniceman)
$WHR Dec 21 100 puts @ .48. Sold for 1.40-1.65 on 7/25.
$SFIX Dec 21 22 puts @ 1.30. Sold for 1.38 on 10/2. Taking off for around breakeven/small profit; will stand pat with the other rungs of the ladder I sold on 10/2–Nov 24 puts taken off for most of the max profit 2 weeks ago, and leaving the short Mar 15 18 puts out there, I decided to lower my exposure to this one a bit.

$NVDA has now been cut in half

From its early Oct highs

NFLX put spread

Another out of the money put spread on a stock heavily extended to the downside. Short strike 15 delta. Sold $NFLX Dec 21 225/215 BuPS @ 1.20.

AMZN put spread

Sold $AMZN Dec 21 1390/1385 BuPS @ 1.20. Did this trade in a couple of smaller accounts hence the tight spread of 5 points. I’ll likely have to hold this longer than if I sold let’s say a 20 point wide spread to get to my profit target, but I like what Tom Sosnoff would call the “pot odds” on this. A reversal and bounce here would probably run into some serious resistance in the mid 1600s but I’d probably be out of the trade by then. Recent low 1476; delta of the short strike is 21.

If you were lamenting not buying FB

2 years ago, this may be your chance. Stock getting close to where it traded at the beginning of 2017.
I’ll keep selling small put positions at lower prices and will look for a bull put spread opportunity on evidence of a reversal.

NVDA puts

Sold $NVDA Dec 21 120 puts @ 1.25

Taking some profits

Lightening up to free up buying power
Bought to close:
$WHR Dec 21 90 puts @ .40. Sold for 1.40 on 10/9.
$KMB Jan 18 95 puts @ .45. Sold for 1.35 on 10/22.
$MLM Jan 18 150 put @ .90. Sold for 2.20 on 10/10.
$F Dec 21 9 puts @ .15. Sold for .42 on 9/7.
$SJM Jan 18 95 puts @ .97. Sold for 2.30 on 10/2.
$DUST Mar 15 49 call @ 2.50. Sold for 5.10 on 8/15.
$TNA Nov 16 57 puts @ .45. Sold for .50 on .50 on 11/12–getting out for near breakeven; may sell at a lower strike later.

Feb Dec put spread

Sold $FB Dec 21 130/120 BuPS @ 1.20. IV rank is still high at 55. Delta of short strike is 20.

AAPL Falling Knife

This seems safe but who knows…
Sold $AAPL Jun 21 2019 130 puts @ 1.30

$BA bouncing

Back above the 200 dma. Sold $BA Dec 21 320/310 BuPS @ 1.33

A couple of short term short volatility trades

Bought to open (bear put spread): $VXX Nov 30 36/31 BePS @ 2.47 debit
Sold to open (bear call spread): $UVXY Nov 23 60/70 BeCS @ 1.29 credit

GS against the grain

Going the other way on $GS. Not at all calling a bottom, just saying that if it gets down to the strike (another 13% lower from here) I’d be willing to buy the stock at what would be around a 2 year low.
Sold $GS Dec 21 180 puts @ 1.45. Delta of the puts is 12. Basis if assigned 178.55.

AMZN Dec put spread

Sold $AMZN Dec 21 1470/1450 BuPS for 3.41. Short strike (delta 18) is below the recent low from 10/30 (1476 intraday).

OLED Dec

Sold $OLED Dec 21 70 puts @ 1.45. Stock at 86.65/Delta 14.

New highest strikes for BOIL

Up to 60 in most expirations
Sold:
$BOIL Dec 21 60 calls @ 2.60
$BOIL Jan 18 60 calls @ 4.30

ATVI Dec

Sold $ATVI Dec 21 50 puts @ 1.10 with the stock at 55.62. Premium is better now.

UVXY call spread

Sold $UVXY Nov 30 60/70 call spreads @ 1.15

AMZN put spread

Sold $AMZN Nov 16 1625/1575 BuPS @ 5.00 for next week’s expiration with the stock around 1716. Delta of the short strike is 16.

TTD put spread

Sold $TTD Dec 21 100/90 BuPS @ 1.30

FB Falling Knife

Hard to imagine this one would qualify but the chart is the chart.
Sold $FB Mar 15 2019 110 puts @ 1.17.
Delta is 7, and the strike is another 25% lower from here.
#FallingKnife

Rolling WYNN

Looks like I’m gonna be in this one for quite a while.
Rolled $WYNN Nov 16 140 puts out to Jan 18 140 puts for .75 credit.

ROKU puts

Sold $ROKU Dec 21 40 puts @ 1.43 with the stock at 49.12. Delta 18 delta.

Closing some UVXY

I’m not putting on many naked short calls on this one these days but the ones I do are on a short leash.
Bought to close $UVXY Jan 18 2019 112 calls @ 1.70. Sold for 4.40 and 6.20 on 10/18 and 10/23.

Closing Nov SFIX

Bought to close $SFIX Nov 16 24 puts @ .20. Sold for 1.05 on 10/2.

Closing ANET

Taking 50+% profits wherever available right now.
Bought to close $ANET Jan 18 185 puts @ 1.45. Sold for 3.00 on 10/8.

AAPL post earnings

Sold:
$AAPL Nov 16 200/190 BuPS for 1.10
$AAPL Dec 21 195/185 BuPS for 1.40

Closing AMD

Bought to close $AMD Nov 16 17 puts @ .34. Sold for .72 on 10/25.

Thanks for the great Halloween…

Thanks for the great Halloween backgrounds Jeff. Peanuts/Great Pumpkin brings back memories!

SPX call spread

Sold $SPX Nov 2 (this Friday) 2790/2815 bear call spread for 1.10 earlier this morning. Looks like you might be able to do a bit better now.

SPY bull put spread

Sold $SPY Nov 16 268/258 BuPS @ 2.02

Closing FB

Bought to close $FB Nov 16 120/172.50 strangles @ .52. Sold for 1.67 yesterday.
#Earnings

FB Earnings Trade

Borrowing an idea from TastyTrade
Short strikes at around 2x the expected move. With IV as high as it is now, there’s premium way out near 2 standard deviations.
Sold $FB Nov 16 120/172.50 strangles @ 1.67

High volume plunge, higher volume bounce at 3:45

UVXY pulling back 4 points in the last 10 minutes. FANG stocks well off their lows.

Red Hat turning blue

Not much left here after the IBM takeover announcement.
Bought to close $RHT Dec 21 100 puts @ .10. Sold for 1.10 on 6/22.

Closing GUSH

I am now completely out of this one.
Bought to close:
$GUSH Dec 21 46 calls @ .20. Sold for 4.00, 5.00 and 6.00 on 4/24, 5/8 and 5/9.

T2108 low

Was 7.53 this morning around 11:00 am. Looks like that will be it for the day.

T2108

Now at 9.33

BIIB adding

At a lower strike.
Sold $BIIB Jan 18 250 put @ 5.30.

AMD Nov

Sold $AMD Nov 16 17 puts @ .72

NVDA Jan

Sold $NVDA Jan 18 120 puts @ 1.32.
Stock down 30% this month. Is it going down another 40% between now and January? Delta is 04. Basis would be around the 200 day moving average if assigned. In that unlikely event I’d be loading the boat with NVDA <120.

Threw a few DUST closing bids out there

At low prices to try to get some fills to close positions for a good profit target. Only 1 fill came through.
Bought to close $DUST Jan 18 50 call @ .65. Sold for 4.00 on 8/15.

BTFD?

Wow.

UVXY call spread

Sold $UVXY Nov 9 75/85 bear call spread @ 1.24. When things calm down this should come in quickly.

CAT Nov

Sold $CAT Nov 16 110/100 bull put spread for 1.25 credit

KMB puts

Big move down after earnings.
Sold $KMB Jan 18 95 puts @ 1.35. Strike is at what would be a 5 year low (last traded at 95 in Oct 2013). Stock at 105.61, delta of puts 18.

Closing NFLX call spread

Bought to close $NFLX Nov 16 400/410 bear call spread for .21. Sold for 2.00 on 10/17.

BOIL adding to Jan

Sold $BOIL Jan 18 50 call @ 2.87