SPX Jun 8 2130/2125/2090/2085 IC that I sold on Monday for 1.00, expired worthless. 100% profit.
Author Archives: rknight52
SPX iron condor expiring in 2 days.
A little more risky, but STO Jun 8 2130/2125/2090/2085 iron condor for 1.00.
SPX call spread closed
STC Jun 10 2140/2130 call spread for 0.45. Originally sold for 1.10 on 5/25.
Trying to maintain my disciplines of closing early for >50% profits. It’s working!
Another SPX IC
Jul 8 2190/2180/1950/1940 for 1.35
Have all call spreads in June, so if we pull back more will start adding put spreads.
SPX iron condor
STO Jul 15 2190/2180/1930/1920 for 1.55
PANW — out!
Out of my PANW put spread. I maybe impatient and early but don’t want to have to watch it into the close. It looks like it may just sit around 130 or get pinned there at the close. Anyway, closed it, 135/130 for 4.05. Loss of 2.65 on the whole IC.
$SPX put spreads closed
All of my put spreads have closed out this week (profitably) with the upward bias right now.
Now, to watch my call spreads carefully. We seem to be hammering up against resistance here close to 2100. Would like to see it pull back now and can add some put spreads to the mix.
$PANW ??? what to do ???
To roll or not to roll, that is the question (or at least one question)!!!
My 135/130 put spread for today is now underwater. Close now or wait until early afternoon? Try to roll out? I do think that ultimately PANW will recover and go higher as it is the leader in the space, but it has been on a downward hike since April.
Any thoughts from those who are also underwater (or those not)?
Selling some calls
Calls against some stock I have, bringing down cost basis a bit.
STO CNX Jun 17 16C for 0.43.
STO HCA Jun 17 80C for 0.80
SPX call spread
STO Jun 10 2130/2140 BeCS for 1.10.
SPX call spread
STO Jun 24 2145/2155 BeCS for 0.90.
SPX iron condor
STO Jul 1 2160/2150/1860/1850 IC for 1.25
SPX spreads closed
BTC Jun 3 1950/1940 put spread for 0.25. Originally sold for 0.70.
BTC Jun 10 1915/1905 put spread for 0.30. Originally sold for 0.80.
Broker call????
Just had a call from my broker asking me to buy back a spread that was partly in the money. I had today’s $AMZN 702.5/707.5 call spread. The broker said I would have to close it before the bell because the short leg was in the money. Is that right on a spread? I don’t remember ever having to close a spread because one leg was in the money. I thought that was what the other leg was for, to cover that. Any ideas there why? Was it because of the large dollar value of AMZN? Any explanations would be helpful here. I went ahead and closed it, but didn’t really understand why I had to do so.
$AMZN -@Jeff – thoughts now…
$AMZN -@Jeff – thoughts now about tomorrows expiration and your possible butterfly or iron condor? I’m interested, but not sure it’s gonna pin at 700 now. Any further thoughts? No position for me at this time, but looking at even 690 or 695 as the pin.
$BIB
STO Aug 19 30 put for 1.25
NUGT IC
STO $NUGT May 20 135/130/85/80 IC for 0.60.
Expires Friday and looks pretty safe for some lunch money.
SPX condor
STO Jun 24 2185/2175/1920/1910 @1.50.
$AAPL question? All responses welcome.
Currently am short AAPL May 20 100 put. At the time I sold it, AAPL was at 110. Today AAPL at new, almost 2 year low. Looks like I’ll have AAPL stock at 100 (minus the 1.30 received, for cost basis 98.30).
My original thesis was I’d be happy to take AAPL at 100, now it could put me way down. Long term? I still think AAPL will recover and be profitable long term. I have no idea how long that will be.
Thoughts here? I guess I could start selling covered calls when I’m assigned the stock, or I could just get out now for a loss, or something else. I’m sort of tossed on this one as to hold for the long term or recover my capital and deploy elsewhere. Got about a week to figure it out unless assigned early.
Thoughts please?
SPX completing iron condor.
STO Jun 3 2150/2140 call spread for 0.75.
This completes IC. Previously sold 1950/1940 put spread for 0.70.
Complete IC for 1.45 credit.
$AMZN iron condor
STO May 13 710/705/645/640 IC for 0.55
$SPX iron condor
STO Jun 17 2160/2150/1900/1890 for 1.30.
$SPX calls closed
BTC Jun 3 2210/2200 call spread for 0.05. Originally sold on 4/27 for 0.95.
$NFLX put
STO May 6 87.50 put for 0.50.
$AMZN earnings IC
STO Apr 29 720/715/555/550 IC for 0.67.
Both legs are outside the extremes of prior moves.
$FB earnings trade
Going a bit out on a limb here, but not too far. FB earnings may not be a surprise either way, so opened a narrower IC.
STO Apr 29 112/110/106/104 IC for 1.66 credit. Max loss only 0.34. I think I’ll make that up with my earlier, safer trade today. If this one passes muster then I’ll enjoy more than a lunch!
$GOOGL BuPS
STO Apr 29 710/705 BuPS for 0.67.
I believe we’ve seen the low for now (at least this week) and with the Fed announcement behind us this will be gas money to go see my grandkids this weekend.
$FB earnings trade
STO Apr 29 122/119/97/94 IC for 0.50.
Not a huge profit if it lands in there, but will by a nice lunch for a 2 day trade.
$GOOGL put spread closed.
STO GOOGL 710/700 BuPS on Thursday after the earnings sale. STO for 1.29.
Just closed for 0.60, for 53% max profit.
$SPX May 13 2165/2155/1930/1920 IC closed for profit.
Originally STO for 1.40 on 4/4.
BTC for 0.65 for 53% max profit.
$SPX Apr 29 2140/2130/2010/2000 IC — closed
Originally STO for 1.35 on 4/15.
BTC at 0.55 for 59% of max profit.
Some GOOGL trades:
STO May 20 730/725 BuPS for 1.36. Did this shortly after open today and should have waited longer to really see market direction after first 15 minutes, but really thought GOOGL would bounce today.
STO May 6 710/700 BuPS for 1.29. Opened this about 20 minutes ago with GOOGL at about 735.
SPX IC
STO Apr 29 2140/2130/2010/2000 for 1.35
SPX IC closed
BTC Apr 22 2130/2120/1960/1950 IC for 0.50. Originally sold for 1.10.
Staying with my discipline of closing these at around 50% max profit.
MCD iron condor for earnings.
MCD earnings on 4/22.
STO 132/130/125/123 IC for 1.10, when MCD at 127.70. Expect to close this before earnings. Max loss .90, but I expect MCD to stay in this range up to earnings.
$SPX iron condor
STO May 20 2170/2160/1920/1910 for 1.25.
$SPX broken wing butterfly.
I’m liking the ways these have worked for me thus far with good credits and defined risk.
STO Apr 27 2065/2070/2080 for 2.10 credit.
Max loss 2.90. Potential max profit of 7.10 if it closes at 2070.
Breakeven at 2077.10.
#OptionsExpiration — a good week….
#OptionsExpiration — a good week.
Closed some spreads early for profit.
Today, AMZN broken wing butterfly expired. 595/597.5/605 call butterfly. Had 1.20 credit.
My GOOGL eyes expired at max profit. 780/775/755/750 IC for 1.15.
$NUGT – any thoughts today…
$NUGT – any thoughts today on this up day?
TSLA spread closed
Closed my TSLA Apr 8 call spread that I sold this morning.
Sold this morning for 0.45. Closed now for .07 and enjoyed my lunch money!
$TSLA call spread
STO Apr 8 $TSLA 275/280 BeCS for 0.45.
$NFLX iron condor flixed out of my porfolio.
BTC NFLX Apr 15 115/110/90/85 for 0.50.
Originally sold for 1.05 on 3/22.
52% of max profit. Keeping with the plan of closing early for at least 50% max profit. It would probably stay safe another week, but taking the risk off also takes the pressure off me. I’d rather take the profit early than try to “fix” it next week if it gets threatened on one wing. I’m sleeping a lot easier.
Got my GOOGL eyes on!
Taking a bit of risk here with a tight iron condor, expiring this week.
STO 780/775/755/750 IC for 1.15.
Thesis is that GOOGL stays in this bit of a range this week. Staying above the 20 day ma, and above basically all the recent closing highs.
SPX iron condor
Didn’t have anything for Apr 22, so STO SPX Apr 22 2130/2120/1960/1950 for 1.10.
SPX broken wing butterfly, healed nicely!
Closed the SPX broken wing butterfly that I “sold” last week for 1.60 credit. Closed now for 0.10 debit. I love flying with these butterflies!
AMZN broken wing butterfly
Another AMZN broken wing butterfly for this week. STO 595/597.5/605 call spread for 1.20.
Max possible profit 3.70. Max loss 3.80.
TLT iron condor closed
BTC Apr 15 135/133/125/123 for 0.25. Originally sold for 0.70. Could probably have kept this for full profit, but keeping with my disciplines and original plan to close at this price. 64% max profit.
SPX iron condor
STO May 13 2165/2155/1930/1920 for 1.40
TSLA call spread
STO May 20 270/275 BeCS for 1.25
Is TSLA going to the moon with this newer lower priced vehicle? My take is I doubt it. The news and the preorders are now baked into the price and I think this spread should work.
AMZN
AMZN Apr 1 600/602.50/607.50 broken wing call butterfly for 0.50 credit. Expires this week.
Max profit 300, max loss at 200. Breakeven at 605.50.
My thesis is that AMZN stays below the 602.50 area which looks like resistance today.
SPX broken wing butterfly
STO SPX broken wing butterfly
Apr 8 2070/2075/2085 for 1.60 credit.
Max loss 3.40. Max profit 6.60.
Breakeven if SPX 2081.60
SPX call spread
STO Apr 15 2100/2110 call spread for 1.15
$GOOGL iron condor closed
Apr 15 815/805/700/690 closed for 0.90. Originally sold for 1.90. Have been using 50-60% max profit as target for these and even though could squeeze more out of it possibly, I’m trying the TastyTrade method and their research supports this approach. Working thus far for me.
SPX iron condor
STO May 6 2135/2125/1850/1840 for 1.65.
AMZN
STO Apr 15 620/615/525/520 IC at 1.15.
Expires before earnings. Will close at 50% max profit.
May have been early on this as AMZN looks like it wants to possibly squeeze to the upside. We will see.
SPY bear put spread closed
STC Mar 31 200/198 bear put spread for 0.36.
Originally bought as a spec trade last week for 0.25.
I’m closing some stuff today in light of the 3 day weekend. Really didn’t think this would be profitable but since it is today, I’ll take it.
SPX iron condor closed
SPX Apr 15 2120/2110/1860/1850 originally sold for 1.70.
BTC at 0.75. 55% max profit. This market is strange so glad to close this at this level of profit.
NUGT
BTC Apr 15 95/105 call spread. Originally collected 1.25, BTC for 0.27
STO Apr 1 45/40 BuPS for 0.73.
NFLX iron condor
STO Apr 15 115/110/90/85 for 1.05.
Expires before earnings. Will take profits at 50% if able.
SPX, SPY — how high is the sky?
Keep thinking we’re gonna get a pull back, but things keep going up. Today 2050 and 205 seem like a little resistance. Would like to see a pullback so I can unwind a position for Apr 1.
Sort of reminds me of an old Sly and the Family Stone song (showing my age here): “I want to take you higher” https://www.youtube.com/watch?v=cDjnB_61k58
$BOIL ?? Anyone selling calls on $BOIL?
I’m still learning about these contango plays and primarily watching and learning, but $BOIL seems to be steadily declining so wondering about selling calls or call spreads here. Thoughts from those who do this?
ADBE earnings trade, no Photoshopping needed.
Took a flier on the earnings with 100/95/85/80 IC yesterday for 1.10.
ADBE gap and crap today and managed sit on my hands and wait. Hands got numb, but glad as I watched it steadily get back down under 95. Expires worthless for max profit.
$SPY spec trade
Very speculative, but cheap. BTO Mar 31 200/198 bear put spread for 0.25.
$ADBE earnings play
Taking a chance here…Mar 18 100/95/85/80 IC for 1.10
Earnings after the close today.
TLT thoughts.
Any ideas on the TLT after the fed yesterday? Overall chart looks down since 2/12, but now running on the 50 day ma. Thinking of an iron condor. Thoughts anyone?
NFLX out
My little NFLX Mar 18 IC that I put on yesterday for 1.15, I closed early today for 0.55. 52% max profit in a day. I’ll take these any day, everyday. Lovin’ the green St. Patrick’s theme and lovin’ collecting some green on these.
$ADBE earnings today after the…
$ADBE earnings today after the close. @jeff, any numbers for us?
NUGT
Dipping my toes in the water with a call spread. Can’t sell naked calls here.
Apr 15 95/105. Mid-point was listed as .95 and I put in limit of 1.00 and got filled at 1.25. Interesting.
$SPX resistance?
Thoughts on resistance levels now that we’ve touched 2030?
$NFLX iron condor
STO Mar 18 107/102/98/93 for 1.15.
A little close and risky, but I think there is some profit in there for 2 days.
$T put spread close
Closed $T Apr 15 38/35 BuPS for 0.45. Originally STO for 1.00 about 2 weeks ago. 55% max profit.
$CMG put spread closed.
STO 470/465 put spread expiring this week. Sold this morning on the gap down and hold, for 1.00.
BTC now about 2 hours later, for 0.25.
Wish that would happen every time! 🙂
SPX expirations? Can never remember…
SPX expirations? Can never remember this, but does the monthly expiration occur on Friday morning and the weeklys on Friday afternoon at the close?
CMG put spread
$CMG gapped down this morning and appears to be holding. STO Mar 18 470/465 BuPS for 1.00. Expires this week.
SPX iron condor
STO Apr 29 2125/2115/1815/1805 for 1.70. Each short strike with delta of 10 and neutral delta for both legs.
Will look to close at 50% profit.
Options Bistro 