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

Closing ANET

Taking off one of my Jan positions.
Bought to close $ANET Jan 18 170 put @ 1.40. Sold for 3.20 on 10/12.

Closing Oct TWTR

These probably would have expired but in this market who knows what could happen in the next 3 days. Options were in the money just a few trading days ago so taking off for most of the profit a few days early.
Bought to close $TWTR Oct 19 27 puts @ .04. Sold for .61 on 9/6.

BOIL Dec

Sold $BOIL Dec 21 50 call @ 1.50. Highest strike.

NFLX call spread

Sold $NFLX Nov 16 400/410 BeCS @ 2.00

GWW put spread

Downward momentum slowing after the big post-earnings move down this morning. Going the other way looking for more stabilization/a bounce and contracting volatility.
Sold $GWW Nov 16 250/240 BuPS @ 1.30 credit.

Closing some TSLA

Bought to close:
$TSLA Nov 16 80 puts @ .44. Sold for 1.13 on 9/28.
$TSLA Nov 16 120/385 strangles @ 1.75. Sold for 3.72 on 9/28.

T2108 now below 10

At 9.84.

It got to 8.60 on 2/9/18.

JPM post-earnings

I don’t know. It feels like a good idea to own a bank like JPM in a rising interest rate environment, after an over 10% pullback from its recent highs, at what would be 12 month lows and a 3+% dividend.
Sold a ladder:
$JPM Nov 16 100 puts @ 1.36
$JPM Dec 21 95 puts @ 1.25

ANET adding

Dropping down 3 strikes/15 points from my previous sale in Jan.
Sold $ANET Jan 18 170 put @ 3.20.

T2108

Now at 10.19. It got down to 9.94 around 20 minutes ago. Let’s see what happens this afternoon.

Lightening up on DUST

Had a lot of short call exposure so with a 20%+ down day I thought it would be a good idea to take advantage and lighten things up a bit.
Bought to close:
$DUST Nov 16 49 calls @ .35. Sold for 1.60 and 2.00 on 8/15.
$DUST Dec 21 60 calls @ .39. Sold for 2.30 on 8/16.

Taking off FXB finally

Bought to close $FXB Oct 19 129 puts @ 1.15. Sold for 4.02 as a rollout on 9/5.
This was rolled twice. Recovered losses from July and September–total profit .45. Tough trade but glad to be out for a profit. It was also quite the margin hog so it frees up a nice amount of buying power. So I got that going for me. Which is nice.

T2108 update

Now at 13.34. Not yet single digits @jsd501 but an impressive pullback (near 8% at the lows) nonetheless.

For those unfamiliar with TC2000, this indicator is the % of stocks above their 40 day moving average.

Fear and Greed

Yeah I would think so.
Screen Shot 2018-10-10 at 1.08.07 PM

SPY calls

Not my usual type of trade but playing an oversold bounce into the close.
Bought $SPY 10/12 280 calls @ 2.62. Will keep a tight leash on it, stop at 2.50.

MLM Jan

Sold $MLM Jan 18 2019 150 put @ 2.20
#FallingKnife

ANET Jan

Sold $ANET Jan 18 2019 185 puts @ 3.00 with the stock at 241.28

ISRG Jan

Sold $ISRG Jan 18 2019 430 put @ 7.50

CRM puts

Sold $CRM Nov 16 135 puts @ 1.50 with the stock at 150.26. Delta is 16. Earnings not estimated until after Nov options expiration.

Closing IWM

Bought to close $IWM Nov 16 170/180 BeCS @ .63. Sold for 1.71 on 10/1.

AMZN put spread

$AMZN Oct 19 1820/1810 BuPS @ 2.05
Sold in 2 IRA accounts

WYNN trades

Rolled short Oct 19 140 puts out to Nov 16 140 puts for 2.10 credit. Position was originally rolled to Oct from Sep. Total premium now 5.65. Basis 134.35.

I also added a ladder rung. Sold Jan 18 100 put @ 2.00.

Closing some DUST

Going through the end of day trade and just saw this order was filled.
Bought to close $DUST Nov 16 64 calls @ .20. Sold for 1.00-1.35 from 8/23-9/5. Position was getting a little big so I wanted to take some off to reduce size. I may do some more tomorrow if the opportunity presents itself.

WHR adding

Sold $WHR Jan 18 95 puts @ 1.25.
Divvy would be around 5% if the stock got down there.
I’m now short the following ladder:
Dec 110 puts
Dec 105 puts
Dec 100 puts
Jan 100 puts
Jan 95 puts

Options Expiration for 9/28

$CAT 130/120 bull put spread
$DUST 49 calls
$SPXW 2930/2950 bear call spread

That’s it for this week. Have a relaxing weekend.

$TSLA falling knife?

Or falling something–CEO credibility, board of directors credibility, stock price, etc. Taking a shot at a crazy out of the money strike in Nov.
Sold $TSLA Nov 16 80 puts @ 1.13.
I doubt it gets down there but if so I might buy the stock at 2013 prices.
Delta of the 80 puts is 1.5.

BOIL adding

Sold $BOIL Jan 18 45.00 calls @ 1.50. Adding to position at the highest strike.

EWY strangle

Borrowing an idea from TastyTrade. Selling premium in South Korea.
Sold $EWY Oct 19 68.00/68.50 strangle @ 2.13.
I will treat this like a straddle and take it off at a lower profit target (something around 25%). Breakevens 65.87 and 70.63.

SQ adjustment

Sold $SQ Oct 19 90/85 bull put spread for 1.18 to offset my now in the money 90/95 bear call spread. I may have to stop trading this one. Can’t seem to get it right.

CLF covered calls

Sold $CLF Nov 16 14 calls @ .54. Another long term hold I wouldn’t mind being taken out of.

RIG covered calls

Sold $RIG Jan 18 2019 16.00 calls @ .62. Been long for a couple of years. Wouldn’t mind getting taken out at 16.

Getting back in BOIL

Haven’t traded this in nearly 2 years but it looks like it’s time to dip a toe in again. Starting small.
Sold $BOIL Jan 18 2019 45 calls @ 1.00 with the stock at 30.94. Highest strike in Jan. Will look to add if there’s a continued move up in nat gas.

#contangoetf, #pietrade

A couple of falling knives today

$KORS-Versace deal ultimately good for the company IMO. Sold Jan 18 55 puts @ 1.10. Strike below 2018 lows in Jun and Feb. Delta 14.
$NWL-Sold Jan 18 18 puts @ .73. If the strike is reached it would be a 6 year low for the stock. I would take assignment there for what would be an almost 5% dividend yield. Delta 25.

#FallingKnife

Options Expiration for 9/21

I didn’t have many left to expire. Took a bunch off early this month.

Expirations for full profit:
$QQQ Sep 21 182/172 BuPS
$WDC Sep 21 57.50 puts
$WHR Sep 21 115 puts
$NFLX Sep 21 330/320 BuPS
$SQ Sep 21 75/70 BuPS (see below)

Expirations for full loss:

$SQ Sep 21 75/80 BeCS–stock went through the money quickly. I sold a put spread against it and then rolled that up (the one that expired today) but the position will still be a loss. 5.00 spread offset by 3.60 in total premium = 1.40 loss on this position). I didn’t have time to post earlier but I reinitiated a bearish position on this in October with a 90/95 bear call spread for 1.08 credit.

$SODA Sep 21 130/135 BeCS–not much I could do here. On 8/20 the takeover was announced and the stock immediately started trading between 142 and 143 and has been that way since. There was no premium in any put options to sell to offset. Just one of those things that’s an occupational hazard of this business. I’m glad I was hedged with a spread. Took in 1.50 against the 5.00 spread so a 3.50 loss. Sayonara SodaStream. Good luck at Pepsi.

Took off before the close today:
$EWZ bought to close Sep 21 34/37 inverted strangle @ 3.27. Position was originally a 37/39 strangle and I rolled the 39 calls down to go inverted with 34 calls and 37 puts. Total premium taken in was 3.54 (2.57 for the original strangle plus .97 for the roll down) so I’m out of this for a .27 profit.

Need to decompress. Have a great weekend everyone.

Closing Jan NOC

Bought to close $NOC Jan 18 2019 240 puts @ .75. Sold for 2.85 on 7/25.

Closing ROKU

Bought to close $ROKU Oct 19 55 puts @ .62. Sold for 1.77 on 9/5.

AMD-taking profits on a quick one

I didn’t expect this to get to 50%+ profit in a few hours but I’ll definitely take it when it does!
Bought to close $AMD Oct 19 37 calls @ 1.02. Sold for 2.17 earlier this morning.

Going short AMD

Via calls. Idea from TastyTrade.
Sold $AMD Oct 19 37 calls @ 2.17 with the stock at 33.95 up almost 25% this week.

AAOI assignment

I was assigned overnight on my short Jan 75 puts (which I’ve been rolling since they went ITM about a year ago). I thought we had a shot of getting close previous levels again back in July but things have retreated since then. I’ll sell calls on the next big move up but for now just staying long. Premium taken in so for is 11.59 so basis is 63.41.

AMAT Adding to Jan at a lower strike

Sold $AMAT Jan 18 34 puts @ 1.23

Taking some profits–AMBA, URI

Bought to close:
$AMBA Nov 16 32.50 puts @ .35. Sold for 1.10 on 6/6.
$URI Jan 18 100 puts @ .60. Sold for 2.33 on 4/24.

AMAT adding in Jan

At a lower strike
Sold $AMAT Jan 18 2019 35 puts @ 1.25

#optionladder

MLM–Selling Jan puts into the bounce

Sold $MLM Jan 18 2019 165 puts @ 2.80 with the stock at 191.59. Delta 16.
#FallingKnife

TRV Jan puts

Sold $TRV Jan 18 2019 105 puts @ 1.10.
Premium is a bit better now.
#FallingKnife

Closing CVS

Taking off my last position in this stock.
Bought to close $CVS Nov 16 60 puts @ .24. Sold for 1.70 on 6/18.

FB Jan

Selling puts in January to potentially acquire the stock at what would be around a 2 year low, or keep the premium. Sold $FB Jan 18 2019 135 puts @ 3.05.

TWTR Oct

Sold $TWTR Oct 19 27 puts @ .61. Premium is better now.

WYNN rollout

Rolled $WYNN Sep 21 140 puts out to Oct 19 140 puts for 1.45 credit