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

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