ROKU Oct short puts

Sold $ROKU Oct 19 55 puts @ 1.77. Pure play in the OTT television space. May take assignment if the stock tanks before October.

Taking some profits

Bought to close:
$CAH Sep 21 50 puts @ .40. Sold for 1.35 on 3/23.
$DISH Sep 21 32.50 puts @ .30. Sold for 1.40 on 2/6.

Rolling FXB

Getting more time, waiting for a comeback in the British Pound.
Rolled $FXB Sep 21 129 puts out to Oct 19 129 puts for .15 credit.

DUST in 2020

Throwing another one out there.
Sold $DUST Jan 17 2020 64 call @ 6.50. Highest strike.

FB put spread

Selling some premium with the short strike at 20 delta. Sold $FB Oct 19 155/145 BuPS @ 1.25 with the stock at 168.12.

Adding to Nov DUST

At a higher premium.
Sold $DUST Nov 16 64 calls @ 1.35.

STX Falling Knife

Sold $STX Jan 18 2019 40 puts @ 1.15

Closing a TSLA position

Sticking with my plan to take this off for at least 50% of the profit. Bought to close $TSLA Sep 21 250/240 BuPS @ .75. Sold for 1.60 on 8/20.

Interesting that the VIX is up

With this big move up

Shutting down a couple more short put positions

Bought to close $CMI Dec 21 105 puts @ .30. Sold for 1.40 on 5/2.
Bought to close $SWKS Sep 21 85 puts @ .40. Sold for 1.20 on 7/23. I normally would let a position like this expire in a few weeks with the stock at 93, but anything can happen with this one (it had a 30% drop in a little over a month earlier this year). Felt better to just take the profits and move on.

Taking profits on NKTR

Bought to close $NKTR Nov 16 30 puts @ .45. Sold for 1.85 on 6/5.

EWZ Oct strangle

An idea from TastyTrade.
Sold $EWZ Oct 19 28/36 strangle @ 1.76 with EWZ right in the middle at 32.00.

Adding DUST

Sold at highest strikes:
$DUST Nov 16 64 calls @ 1.00
$DUSH Mar 15 2019 64 call @ 2.10

Assigned last SVXY shares

Not sure what the hold up was but I finally got assigned the last lot of SVXY from the short puts I had (January 85s). I’ve closed around 20% of the position using basis reduction from UVXY and VXX so I’ll keep plugging away (and maybe start writing some covered calls as SVXY pushes toward 20). I’ll be at this project for at least another year.

Adding SJM

A little more J in the PB&J in January.
Sold $SJM Jan 18 2019 90 puts @ 1.55. Delta 16.

Taking off Oct MYL

Bought to close $MYL Oct 19 30 puts @ .08. Sold for .76 on 5/2.

Closing NVDA

Taking about 65% of the profit out of this.
Bought to close $NVDA Sep 21 230/220 BuPS @ .56. Sold for 1.55 on 8/17.

Closing JBHT

Taking more than 70% of the profit a few months early.
Bought to close $JBHT Nov 16 100 puts @ .40. Sold for 1.45 on 7/16.

TSLA Sep

Sold $TSLA Sep 21 250/240 bull put spread for 1.60.

Options Expiration for Aug 17

I’ve been aggressive in closing and rolling positions so not much left to expire in August.
Expiring:
$HES Aug 17 32.50 puts
$HSY Aug 17 85 puts
$HSY Aug 17 90 puts
$GWW Aug 17 310 puts

Assignment:
$GWW Aug 17 340 call (covered)

Have a great weekend everyone.

#OptionsExpiration

Rolling a couple of dogs

Deep in the money short puts that have been hanging around for a while just to bring some red to my screen it seems.
Rolled $RRC Aug 17 22 puts out to Jan 18 2019 22 puts @ .05 credit
Rolled $AAL Aug 17 45 puts out to Nov 16 45 puts @ .27 credit

These should have been rolled earlier so I had to go further out to get credits. I’m feeling pretty good that we’ll see a turnaround in AAL. RRC, I’m less optimistic about.

Adjusting EWZ strangle

Position was a Sep 37/39 strangle. I’m probably late in this adjustment but I was on vacation most of this week and just catching up yesterday and today. I rolled the 39 calls down to 34 to go inverted by 3 points. Total premium is now 3.54 (2.57 for original position plus .97 for the roll) so I’m looking for a finish between 34 and 37 to take a .54 profit out of the trade. ETF is currently at 32.99.

NVDA put spread

Sold $NVDA Sep 21 230/220 BuPS @ 1.55. I could be a bit early but the short strike (delta 22) is below recent support and below the 200 dma.

Taking off my last NUGT position

Bought to close $NUGT Jan 17 2020 55 call @ .60. Sold for 5.60 on 4/11.

In a perfect world gold goes back up taking its supercharged derivative with it so I can sell more calls. At the same time, DUST would implode and I can clear the decks on those positions. Oh and a reverse split for NUGT wouldn’t be a bad thing to add to that recipe. 🙂

Adding some DUST at new highest strikes

Sold:
$DUST Dec 21 2018 60 calls @ 2.30
$DUST Jan 17 2020 60 call @ 6.50

Taking off some profitable positions

Bought to close:
$OLED Dec 21 55 puts @ .15. Sold for 1.20 on 6/15 and 1.50 on 6/19.
$TPR Nov 16 40 puts @ .26. Sold for 1.55 on 5/1.
$CVS Nov 16 57.50 puts @ .36. Sold for 1.36 on 7/20.
$DISH Dec 21 22.50 puts @ .30. Sold for 1.20 on 5/8.
$IFF Nov 16 110 puts @ .50. Sold for 2.70 on 5/7.

Closing GUSH

Taking one of my December positions off.
Bought to close $GUSH Dec 21 57 calls @ .81. Sold for 4.00 on 5/15 and 6.00 on 5/17.
Still short the 46 calls.

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.