Borrowing an idea from TastyTrade. Sold $EWW 3/20 45/48 strangle @ 1.20.
Author Archives: Ramie
WYNN put spread
With IV still elevated post earnings, sold $WYNN 3/20 120/110 bull put spread @ 2.43. Possibly early on this but strike is below the January lows and the 200 day moving average. If I’m wrong I will close this quickly.
NFLX short calls
Sold $NFLX 2/21 395 calls (covered by stock) @ 1.75. Delta 14.
Rolling BA
$BA the short calls from my 2/21 iron condor (290/300/340/350) just got breached with the stock up nicely today. I rolled the 300/290 bull put spread up to 340/330 for 3.73 credit to create an iron butterfly with the call spread. A pretty aggressive roll to near the money but this is a strong move up through the 50 day moving average on volume. Total premium taken on now 6.31 against 10 point wide wings. If the move continues I will roll to March.
Slowing the DRIP
Bought to close 3/20 184 call @ .85. Sold for 2.75 on 1/31.
TSLA call spread
Sold $TSLA 3/20 900/920 bear call spread @ 4.00
Closing NUGT
Bought to close:
$NUGT 6/19 47 call @ 1.51. Sold for 3.85 on 12/24.
$NUGT 6/19 51 call @ 1.17. Sold for 4.00 on 12/30.
Short UNH puts
Sold $UNH 3/20 250 puts @ 4.50. Strike price is below the 200 day moving average.
A little long play in AAPL
Sold $AAPL 3/20 300/290 bull put spread @ 2.25
AMZN call spread
Sold $AMZN 2/21 2140/2180 bear call spread @ 5.48.
Wow AMZN
Up almost 10% after reporting
PYPL covered calls
Sold $PYPL 3/20 125 calls @ 1.25. Covered by long stock. Strike price is at 23 delta and is above the all time high in the stock so I’m comfortable getting called out of my shares if it gets that high. But it would still have to eat through quite a bit of resistance to get there.
FB put spread
Sold $FB 3/20 200/190 bull put spread @ 1.96
HES short puts
I didn’t see this earlier but in going through the activity I see that I was filled on selling $HES 3/20 52.50 puts @ 1.15. With more downside tomorrow am I might add the 50 puts if the premium goes over $1.
EWZ strangle
Sold $EWZ 3/20 42/48 strangle @ 1.29 with the stock around 45. Deltas at 24 on both sides.
AMD puts
Sold $AMD 3/20 42 puts @ 1.20. Delta 23. Stock down today after earnings, currently 47.15. Strike is another 11% lower, well below the 50 day moving average.
BA Iron Condor
Sold $BA 2/21 290/300/340/350 iron condor for 2.58 with the stock at 322.66. Put and call short strikes are 17 and 21.
UAL strangle
Sold $UAL 3/20 75/90 strangle @ 2.32 with the stock at 81.77. Delta neutral with the strikes around 21 delta. Will adjust if the stock makes any more big moves.
Closing GUSH
Bought to close $GUSH 6/19 50 calls @ .70. Sold for 5.20 and 5.50 on 12/31.
Closing FDX
From the #FallingKnife trade I put on 12/18, buying to close $FDX 4/17 120 puts @ .65. Sold for 1.75. Taking off for over 60% of the profit, more than 3 months early.
Closing EXPE
Bought to close $EXPE 4/17 75 puts @ .40. Sold for 1.20 on 11/8/19. Taking the nearly 70% profit off the table with still over 3 months to go to expiration.
TLT trying for a fill
Trying to get filled on 2/21 129/134/144/149 iron condor @ 1.00.
NUGT calls
Sold $NUGT 6/19 51 call @ 4.00
Long ACN
Looking to potentially back into some stock post-earnings. Sold 2/21 200 put @ 3.07 with the stock at 206.83, bouncing nicely from this morning’s open.
FDX post earnings swoon
Going out to April for a #FallingKnife trade. Sold 4/17 120 puts @ 1.75. Delta 12. Strike would be at a 4 year low if it goes down another 15-20% from here.
BA put spread
Every time I think the bad news has to be over something else comes out that proves me wrong. But I’m doing a technical trade here with the stock bouncing off its lows and looking to climb back inside the bollinger bands. Sold $BA 1/17 310/300 bull put spread @ 1.52 with the stock now above 328. Short puts at 22 delta. IVR is relatively low (15) so volatility contraction won’t help me here. Need time and hopefully direction to get out of this early.
Closing HD
Bought to close $HD 1/17 205/195 bull put spread @ .34. Sold for 1.89 on 12/3. With a month to go and IV now really low (IVR down to 7), no sense keeping this trade open any longer.
Going back into ROKU
Nice bounce in $ROKU today. Sold 1/17 120/110 bull put spread @ 1.85. IVR 35. Short puts at 21 delta.
Closing SHOP
Bought to close $SHOP 12/20 345/335 bull put spread @ .35. Sold for 1.92 on 12/4.
Closing ULTA
Bought to close $ULTA 12/20 275/285 bear call spread @ .17. Sold for 1.75 on 12/6.
ULTA call spread
Sold $ULTA 12/20 275/285 bear call spread for 1.75 credit. Stock at 264.02 and it looks like it’s slowing its roll a bit from this morning’s craziness.
SHOP put spread
Sold $SHOP 12/20 345/335 bull put spread @ 1.92. Will get out of it if today’s move doesn’t hold.
TLT call spread
Fading today’s big move in bonds which is starting to lose steam. Sold $TLT 1/17/20 142/147 bear call spread @ 1.44. IV rank is 49.
HD put spread
Sold $HD 1/17 205/195 bull put spread @ 1.89.
UVXY Jan call spread
Sold $UVXY 1/17/20 20/25 bear call spread @ .59
ROKU put spread
Sold $ROKU 12/20 145/135 bull put spread @ 2.45. Delta of short puts 28.
Closing TGT
With earnings tomorrow morning, I took a small profit on the $TGT 12/20 105/100 bull put spread. Bought to close @ 1.19. Sold for 1.46 on 11/4.
Closed CMG
Just catching up on trades. Filled on this closing order: Bought to close $CMG 12/20 700/690 bull put spread @ .79. Sold for 1.80 on 11/11.
Closing CRWD
Bought to close $CRWD 12/20 42.50 puts @ .70. Sold for 1.55 on 11/13.
NVDA post-earnings
Sold $NVDA 12/20 200 put @ 5.65 with the stock at 205. Looking to potentially acquire some stock for a longer term hold.
DIS covered calls
Sold $DIS 12/20 155 calls @ .99. Covered by long stock. Delta 20/stock currently at 145.74.
CSCO long term short puts
Sold $CSCO 4/17/2020 40 puts @ 1.08 with the stock at 44.92.
#FallingKnife
CRWD Dec puts
Sold $CRWD 42.50 puts @ 1.55 with the stock at 52.19 up over 11% today. Delta 18. Earnings 12/5 after market so will be watching closely. IV rank 70.
Closing ROKU
Bought to close $ROKU 12/20 105/95 bull put spread @ .75. Sold for 1.78 on 11/8.
ROKU put spread
Sold $ROKU 12/20 105/95 bull put spread @ 1.78. Stock at 121.06. Delta of short puts 21.
EXPE Falling Knife
Sold $EXPE Apr 17 2020 75 puts @ 1.20
SPOT call spread
Falling off the post earnings high after hitting resistance. Sold $SPOT 12/20 160/170 bear call spread @ 1.40.
TGT put spread
Sold $TGT 12/20 105/100 bull put spread @ 1.46 with the stock at 108.89 and looking like it’s bounced off the lower bollinger band, now above the 50dma. Earnings 11/20 so looking for a quick exit here.
“If it ain’t Boeing I ain’t going”
Well at least that’s what we used to say 20 years ago. Now…not so much.
Bought to close $BA 11/15 330/320 bull put spread @ .76. Sold for 1.85 on 10/23.
AA calls
Have long stock from a couple of assignments so taking this opportunity to chip away at the basis. Sold $AA 12/20 24 calls @ .55 with the stock at 21.86.
Closing some Dec DRIP
Bought to close $DRIP 12/20 115 calls @ 3.60. Sold for 8.50 and 10.00 in July.
Rolling IRBT
Been holding this one since July and I probably should have just removed it before earnings and reinitiated. So I’m rolling 11/15 55 puts out to 12/20 55 puts @ .75 credit. I’m also adding short 12/20 55 calls @ 1.24 to create a 55 straddle with the stock around 48.60. Total credit taken in now 3.39 so I’ll be profitable between 51.61 and 58.39 at December expiration. An oversold move back into congestion over the next few weeks will be just fine. Let’s see what happens.
Closing UNH
Bought to close $UNH 12/20 230 put @ 2.69. Sold for 6.80 on 10/16. Thanks again @jsd501.
BA put spread
Sold $BA 11/15 330/320 bull put spread @ 1.85
Closing ROKU
Bought to close $ROKU 10/18 130/140/155/165 iron condor @ 3.73. Overall profit on rolled/adjusted position:
-Original sale 9/20 170/180 BeCS @ 2.82
-Rolled 9/20 170/180 BeCS out to 10/18 130/140/180/190 iron condor @ .54 credit
-Rolled 9/20 170/180 BeCS down to 155/165 BeCS @ 1.37 credit
Total credit taken in: 4.73
Debit to close: 3.73
Profit: 1.00
I was running out of time (as of Monday was looking at a full loss on the put spread side) but the move up over the last couple of days has helped this position. Been on the wrong end of strong moves enough times so I’ll take this one and move on.
NFLX put spread
Sold $NFLX 11/15 275/265 bull put spread @ 1.72
Closing NUGT
Bought to close 10/18 27 calls @ .96 (sold for 5.07 on 9/16). This was a rollout from 9/20 26 calls. Overall profit .74.
NFLX short calls
Sold $NFLX 11/15 340 calls @ 1.30. Covered (against long stock).
$NFLX Earnings
Netflix EPS beats by $0.42, revenue in-line
Netflix (NASDAQ:NFLX): Q3 GAAP EPS of $1.47 beats by $0.42.
Revenue of $5.25B (+31.3% Y/Y) in-line.
Global streaming paid memberships 158.33M (+21.4% Y/Y), net addition 6.77M
Closing SPX iron condors
Bought to close Oct 21 2920/2895 put spread + 3035/3060 call spread @ 3.15. Sold for 7.40 on 10/11.
Bought to close Oct 23 2910/2885 put spread + 3045/3070 call spread @ 3.20. Sold for 7.00 on 10/11.
SPX Iron Condor
Sold Oct 21 2920/2895 put spread + 3035/3060 call spread @ 7.40.
Short put and call deltas are 20 and 21.
Call spread is above the all time high in SPX.
Watching our old friend KOLD
The chart is starting to look intriguing for a fade (i.e., long nat gas) but strikes and expirations not actionable right now. Not much premium above 40 in November. If nat gas continues to be weak for the next couple of weeks, there may be a play in December (options will open up after October expiration next week). For now, Feb highest strike is 46 with the bid/ask really wide (1.00 x 5.70). Holding off but keeping an eye on it.
SBUX iron condor
Sold $SBUX 11/15 iron condor: 70/80/90/100 @ 2.07 with the stock at 85.91. IV rank is high at 69, partly because of earnings in the cycle (expected 10/30 or 10/31 but not yet confirmed). I plan to be out of this trade before then, hopefully for a profit if contracting IV and theta cooperate.
ULTA put spread
Sold $ULTA Nov 15 225/220 bull put spread @ 2.36. Stock bouncing intraday. Delta of short puts 27. IV rank high at 65.
Closing GDXJ
Bought to close $GDXJ 10/18 35/42 strangle @ .31. Sold for .79 on 9/19.
NUGT closings
Just catching up on my trades.
I closed both of these positions for around overall breakeven (they were rollouts from losing Sep short calls).
-Bought to close $NUGT 12/20 53 calls @ 1.18. Overall profit .11.
-Bought to close $NUGT 10/18 32 calls @ 1.63. Overall profit .22.
My only remaining NUGT position is short 10/18 27 calls (another one from a Sep rollout).
DRIP call spreads
Looking at short calls again but went with spreads in some smaller accounts to keep buying power requirements down.
Sold $DRIP 12/20 125/135 bear call spreads @ 1.31-1.33
Closing a NUGT position
Bought to close $NUGT 10/18 31 calls @ 2.07. Sold for 5.30 as a rollout on 9/20. Overall profit .93.
Taking profits on FDX
Bought to close 10/18 iron condor (130/140/160/170) @ 1.41. Sold for 2.52 on 9/18.
UVXY Nov
Sold $UVXY 11/15 35/45 bear call spread @ 1.21
Rolling last Sep NUGT position
Rolled $NUGT 9/20 31 calls out to 10/18 31 calls @ 1.85 credit
Closing NFLX
As promised, BTC $NFLX 10/11 250/240 bull put spread @ 1.60. Small loss (sold for 1.41 a little while ago).
NFLX put spread
I may be a bit early but STO $NFLX 10/11 250/240 bull put spread @ 1.41. I will have this on a very short leash–if we break lower again below today’s LOD of 268.00 I will close this and get out of the way. 10/11 expiration (weekly) to avoid earnings on 10/16.
Thinning some more NUGT
Bought to close 9/20 35 calls @ .12. Sold for 1.40 on 6/20.
My only remaining September position is short 31 calls which I’m leaving on into tomorrow’s expiration to see if a move down will allow me to take them off for a profit. If not, I’ll roll them to October.
The rest of my positions (that weren’t closed for a profit) have been rolled out. In addition to the above I am now short 10/18 27 calls, 10/18 32 calls and 12/20 53 calls.
GDXJ strangle
Still high IV in gold. Sold $GDXJ (junior miners ETF) 10/18 35/42 strangle @ .79 credit. Probability of profit 68%.