More DUST

Sold at highest strikes:
$DUST Jan 18 2019 50 call @ 4.00
$DUST Mar 15 2019 49 call @ 5.10

QQQ put spread

Sold $QQQ Sep 21 174/164 bull put spread for 1.40 credit, to offset and create and iron condor with the 186/196 call spread I sold on 8/13. Delta of the short 174 puts is 32.

DUST Oct and Nov

Initiated positions in these months. Premiums have gotten better since I put these on a little while ago.
Sold at highest strikes:
$DUST Oct 19 49 calls @ 1.60
$DUSH Nov 16 49 calls @ 2.00

QQQ calls

The Nasdaq is near resistance. Sold $QQQ Sep 21 186/196 bear call spread for 1.39. Delta of the short strike around 30.

Dec DUST

Sold $DUST Dec 21 45 calls @ 1.25. Highest strike.

Selling some premium in TSLA

Selling an iron condor with a body width of 100 points in September. Lots of uncertainty with this stock so there’s good premium out of the money. Short strikes are near 20 delta. Risking 6.70 to make 3.30. If this makes a strong move in either direction I’ll roll the other side in for additional credit.

Sold $TSLA Sep 21 290/300/400/410 iron condor @ 3.30.

Taking some more risk off

Bought to close:
$ARNC Oct 19 16 puts @ .10. Sold for .80 on 4/30
$ARNC Oct 19 17 puts @ .16. Sold for .74 on 4/30
$FB Aug 17 170/160 BuPS @ .17. Sold for 2.20 on 7/26
$CPB Nov 16 31 puts @ .18. Sold for 1.10 on 5/18
$CMI Sep 21 115 put @ .16. Sold for 1.40 on 2/8
$ABBV Nov 16 75 puts @ .43. Sold for 1.44 on 6/25 and 1.73 on 7/20
$AZO Dec 21 500 put @ 2.25. Sold for 11.60 on 5/22
$GIS Oct 19 40 puts @ .27. Sold for 1.40 on 3/21
$GUSH Sep 21 70 calls @ .03. Sold for 1.10 on 7/9
$GUSH Sep 21 62 calls @ .15. Sold for 1.60 on 6/22
$GUSH Sep 21 57 call @ .30. Sold for 2.50 on 5/16

EXAS Jan puts

Sold $EXAS Jan 18 2019 35 puts @ 1.45

UVXY call spread

Continuing to work on my SVXY losses.
Sold $UVXY Sep 14 (weekly) 12/15 call spread @ .37

HBI Jan puts

Sold $HBI Jan 18 2019 16 puts @ .50

Taking some profits

Bought to close:
$JCI Oct 19 31 puts @ .19. Sold for 1.10 on 3/14.
$SWK Oct 19 115 puts @ .35. Sold for 1.35 on 4/20.
$SWK Oct 19 110 puts @ .30. Sold for 1.25 on 5/4.
$UPS Oct 19 80 put @ .03. Sold for 1.40 on 3/23.
$DIS Sep 21 90 puts @ .11. Sold for 1.48 on 5/9.
$DIS Oct 19 90 puts @.19. SOld for 1.75 on 5/9.

Adding a WDC position

Sold $WDC Jan 18 2019 55 puts @ 1.30.
I’m now short this ladder:
Oct 60 puts
Jan 60 puts
Jan 55 puts

Rolling up BIIB

Wanted to write some puts on this but I’m being a lot more disciplined these days about position size. So I’m just rolling up to a higher strike (13 delta) for a 4.00 credit instead of adding risk.
Bought to close $BIIB Jan 18 2019 220 puts @ 1.20. Sold for 3.70 on 6/18.
Sold to open $BIIB Jan 18 2019 270 puts @ 5.20.

Closing PM

Bought to close $PM Sep 21 75 puts @ .28. Sold for 1.70 on 4/19.

TWTR Falling Knife

I’ve never been a huge fan of this stock but now that it’s a member of the S&P 500 I’m gonna take a shot with some far out of the money puts.
Sold to open $TWTR Dec 21 22 puts @ .56-.57. Delta is 10.

#FallingKnife

Closing CAT

Closing this for a .92 loss. Bought to close $CAT Aug 17 145/155 BeCS @ 3.14. Sold for 2.22 earlier.

PYPL Jan

Sold $PYPL Jan 18 2019 67.50 puts @ 1.27 with the stock at 82.77. Delta 13.

AMZN put spread

Sold $AMZN Sep 21 1700/1680 BuPS @ 4.50.

CAT call spread

$CAT ran into resistance this morning on the move up after earnings. Sold Aug 17 145/155 BeCS for 2.20.

Doing some more DUSTing

Sold $DUST Mar 15 2019 40 calls @ 2.00. Highest strike.

INTC Jan puts

Sold $INTC Jan 18 2019 42 puts @ 1.11. Delta 21.

FB trades

Sold
$FB Aug 17 170/160 BuPS @ 2.20
$FB Dec 21 150 puts @ 3.70
Thanks Iceman for the 150 strike idea. I doubt it gets there but it would be a great level to buy long term shares. I may go higher today.

Closing long term UVXY call

Taking the 80% now.
Bought to close $UVXY Jan 17 2020 33 call @ 2.00. Sold for 10.00 on 11/15/17.

Closing Aug GUSH

Bought to close $GUSH Aug 17 55 calls @ .15. Sold for 1.10 on 7/6.

Closing AVGO

Bought to close $AVGO Aug 17 200/190 BuPS @ .65. Sold for 2.33 on 7/17.

SWKS Sep puts

Sold $SWKS Sep 21 85 puts @ 1.20. Delta 18. Strike is below the May lows.

HAL post-earnings

Sold $HAL Jan 18 2019 38 puts @ 1.49
#FallingKnife

Options Expiration for 7/20

$APA 30 puts
$BA 325/320 BuPS
$CLX 115 puts
$DQ 55 calls (covered)
$EXAS 62 puts
$HSIC 50 puts
$JCI 33 puts
$KMB 90 puts
$SWK 130 puts
$WDC 65 puts
$WHR 120 puts
$WYNN 162.50/152.50 BuPS

Have a great weekend everyone.

Options Expiration for 7/20

$APA 30 puts
$BA 325/320 BuPS
$CLX 115 puts
$DQ 55 calls (covered)
$EXAS 62 puts
$HSIC 50 puts
$JCI 33 puts
$KMB 90 puts
$SWK 130 puts
$WDC 65 puts
$WHR 120 puts
$WYNN 162.50/152.50 BuPS

Have a great weekend everyone.

Adding CVS

Sold $CVS Nov 16 57.50 puts @ 1.36. Dropped down a strike (already short the Nov 60 puts).

DUST–adding Jan

Sold $DUST Jan 18 2019 40 calls @ 1.25

AVGO put spread

Sold $AVGO Aug 17 200/190 BuPS @ 2.33. Delta of short strike is 33.

NFLX put spread

Sold $NFLX Aug 17 325/315 BuPS @ 2.00

Taking off some BIIB

Bought to close $BIIB Oct 19 240 puts @ .65. Sold for 3.60 on 6/18.

Closing BA

Bought to close $BA Jun 20 335/325 BuPS @ .20. Sold for 1.53 on 6/18.

JBHT Post-earnings

Crazy red candle after the stock gapped at the open to around 130. Now at 117.18 and looks to have found some buying at the 200 day moving average. I’m thinking support will hold and the stock will stay above its lows in April (108-109) and Nov of last year (100).
Sold $JBHT Nov 16 100 puts @ 1.45. Delta 14.

LB Falling Knife

Extending my put ladder to Nov on this #FallingKnife.
Sold $LB Nov 16 27.50 puts @ 1.10.

Closing INTC

Taking this off into strength. Bought to close $INTC Jul 20 50 puts @ .18. Sold for .54 on 6/18. I was fully expecting to take assignment on this (it was around 48-49 just 2 weeks ago). Getting lucky on the timing of the up move so I’m taking advantage.

Closing TSLA put spread

Bought to close $TSLA Jul 20 280/270 BuPS @ .38. Sold for 1.50 on 7/5.

DE put spread

Sold $DE Aug 10 135/130 BuPS @ .90. Using the weekly expiration before expected earnings on 8/17. Delta of the short strike is 27. Spread is below recent support from June/July.

#ironcondor

ALK puts

Sold $ALK Oct 19 52.50 puts @ 1.15

MNK rolling long term covered calls

Just closed the July 30 covered calls for .50 (sold for 1.44 in Jan) and reinitiated in Jan 2019 (at 30 strike) for 1.20. Pretty good premium and still allows room for around 50% increase in the stock price.

Closing SWKS

Bought to close $SWKS Jul 13 95/90 BuPS @ .10. Sold for .63 on 6/19.

Aug GUSH

Sold $GUSH Aug 17 55 calls @ 1.10

Closing some DUST

Taking these off for most of the profit. Didn’t want to wait another 6+ months for the last .50 or so.
Bought to close $DUST Jan 18 2019 50 calls @ .49. Sold for 4.10 on 11/29, 4.30 on 12/5 and 5.20 on 12/7.

TSLA Jul put spread

Could be printing a hammer. Sold Jul 280/270 BuPS @ 1.50.

Closing Oct CLX

Taking profits on a couple of #FallingKnife trades, about 3 1/2 months early.
Bought to close:
$CLX Oct 19 105 puts @ .45. Sold for 1.50 on 3/21.
$CLX Oct 19 100 puts @ .26. Sold for 1.35 on 4/19.

Closing AAPL put spread

Bought to close $AAPL Jul 27 175/170 BuPS @ .37. Sold for .95 on 6/25.

OLED covered calls

I was assigned stock last week from short 100 puts. With good premium at that strike I decided to sell calls in August.
Sold $OLED Aug 17 100 calls @ 2.45. With the put premium it would be a profit of 4.19 if I get taken out at 100 in August. I’ll gladly take that considering how much this stock has dropped over the last couple of weeks. Delta is 25 so the chances are pretty good that I’ll continue holding it though.

BABA put spread

Stock is sitting right on the 200 dma. I may be early but I’m selling a bull put spread 10 points lower, 175/170 in July for 1.62.

Closing some positions

Bought to close:
$XEC Sep 21 70 puts @ .45–sold for 1.40-1.55 on 6/4-6/5
$SHW Sep 21 320 put @ 1.45–sold for 5.10 on 4/24

Is it time to DUST again?

I haven’t entered a new position on this one in a long time. Just put this one on for Dec, small position.
Sold $DUST Dec 21 35 calls @ 1.60. Highest strike in Dec.

Taking off GUSH rolled positions

For an overall profit. I probably would have normally rode these horses a little longer but I have several other positions in this ticker in Sep and Dec so lightening the exposure.
Bought to close $GUSH Jul 20 50 calls @ .42–a rollout from Jun 45 calls. Overall profit .76.
Bought to close $GUSH Aug 17 47 calls @ 1.70–a rollout from Jul 45 calls. Overall profit .65.
I’ll take whatever profits I can on a day like today.

UVXY call spread

Sold $UVXY Jul 6 15/25 BeCS @ .50

AAPL put spread

Sold $AAPL Jul 27 175/170 BuPS @ .95. Went in the Jul 27 weekly to avoid earnings the following week.

ABBV short puts

Sold $ABBV Nov 16 75 puts @ 1.44.
#FallingKnife

Closing WBA

An @optioniceman #FallingKnife trade from 5/8.
Bought to close $WBA Jul 20 57.50 puts @ .o8. Sold for 1.26.

Closing PEP

In keeping with the theme of taking mostly profitable positions off months early, I bought to close $PEP Oct 19 85 puts @ .20. Sold for 1.26 on 5/9.
Besides, drinking that stuff is really bad for you.

Removing some NUGT risk

Position was probably oversized a bit so I decided to take it off and not wait another 7 months for the last .34.
Bought to close $NUGT Jan 18 2019 64 calls @.34. Sold for 3.65 on 12/26; 4.20 on 1/2; 4.20 on 1/12, 5.00 on 1/24.
My only remaining position in NUGT is a small position, short the Jan 2020 55 calls.
Looking to reload on this if there’s any real follow through to the move up in gold.

CPB–Taking off rolled position

On 5/30 I rolled out the June 37 puts to July (with the stock around 34). With the stock’s recovery I decided to take this off for a small overall profit after having been pretty in the red.
Bought to close $CPB Jul 20 37 puts @ .95
Loss on the June puts/rollout: (2.45)
Profit on the July puts: 2.60
Overall profit: .15

Closing CVS

I have 2 positions in Nov–short 50 puts and short 60 puts. Taking the 50s off 5 months early for over 70% of the profit.
Bought to close $CVS Nov 16 50 puts @ .32. Sold for 1.20 on 5/8.

Selling Dec RHT puts on the post-earnings swoon

Sold $RHT Dec 21 100 puts @ 1.10

VXX call spread

Borrowing a trade from TT (Nick) but I went a strike higher on the spread. Sold $VXX Jul 20 36/41 BeCS @ 1.00 with VXX at 34.81. Being that this is the July expiration, it should decay rapidly when volatility starts coming back in.

TSLA battery draining

If you like charts this looks like a bearish development on the daily. Stock down almost 15 points, about 4%. If it closes below Tuesday’s low of 346.25, which is near the S2 pivot point (stock currently at 346.95), I think the next stop could very well be the 200 day moving average, currently around 323.

MGM = S&P500’s biggest % down move

Sold $MGM Dec 21 25 puts @ .78
#FallingKnife

SWKS put spread

Taking a bullish position in an $AAPL supplier:
Sold $SWKS Jul 13 95/90 BuPS @ .63 with the stock recovering a bit now at 99.45. Delta of the short put is 24.
I chose the Jul 13 (weekly) expiration not the July monthly since several earnings sources are estimating the report coming out the following week, before the monthly (7/20) expiration.

CVS Nov

Sold $CVS Nov 16 60 puts @ 1.70

Closing REGN

Taking off my last position in this old Fuzzball favorite. I’m out of this stock completely now and will look to re-enter on the next big move.
Bought to close $REGN Aug 17 240 put @ 1.15. Sold for 5.70 on 2/13.

BIIB Falling Knife (of sorts)

Actually probably just a pullback within the uptrend (it’s not even really testing the 50dma). So maybe more of a dropped butter knife from the dining room table. Safer to catch anyway.
Sold $BIIB Jan 18 2019 220 puts @ 3.70 with the stock at 287.89. Delta 10.

INTC puts

Sold $INTC Jul 20 50 puts @ .54. I may consider taking assignment at 49.46 if the stock continues down over the next month.

BA put spread

Sold $BA Jul 20 335/325 BuPS @ 1.53 with the stock at 354.46

Options Expiration for 6/15

$CAH Jun 15 50 puts
$DUST Jun 15 45 calls
$ESRX Jun 15 75 puts
$RRC Jun 15 15 puts
$SWN Jun 15 7 calls (covered)
$UVXY Jun 15 50 calls
$UVXY Jun 15 55 calls
$UVXY Jun 15 60 calls
$WHR Jun 15 130 puts
$WMT Jun 15 77.50 puts

And expirations from the “I Remember When” file:

$SVXY Jun 15 127 calls
$SVXY Jun 15 130 calls
$SVXY Jun 15 135 calls

No assignments.

Have a great weekend.

 

 

OLED Falling Knife

Sold $OLED Dec 21 55 puts @ 1.20 with the stock at 91.30
#FallingKnife

Rolling OLED

$OLED Jun 15 101 puts down 1 strike and out 1 week to Jun 22 100 puts for .54 credit

Closing SRCL

BTC $SRCL Aug 17 50 puts @ .19. Sold for 1.25 on 2/22.