PTON Short Put

STO 15May 20 Put @. 1.35

“Cyber Surprise!”

After at least a year my Safari OB post window reopened!? Jeff suggested using Google browser which is now running in the background, who knows how this happened? Anyhow good to be back.

ABT announced FDA approval to release coronavirus 5 min test instrument after Friday’s close. Opened up 11% today. No trade placed, could do cc or call vertical. Divy .36/sh/qtr

XOP 4:1 reverse split on account shares trading under $10, BTC 24Apr 6 put @ .55, STO Mar 27 @ .29. Will look open new trade tomorrow when options reset.


$PYX STO Sep20 15 Covered Calls @ 1.00


BTC Aug 16 15 cc @ .10, STO on July 22 @ 1.42. Off to the dispensary. Thanks, @honkhonk81


January 17, 2020 options opened.


STO May 17 60 cc @ 1.15 shares at 50.62



BTC Jun 21 70 CC @ .90. STO Feb 22 70 C @ 2.80 working down assignment @ 60. This is second cc, cost basis about 56. Will wait for next up swing to initiate another cc.

TT CherryPixs VIX Averages/mo.

TT Motion In The Markets – Futures



STO Feb 15 60 cc @ 1.30 with shares selling at 45.65. Time to start working off -15 pt assignment, returning from PSP sun break, yuk, only a couple days in 70’s. Flight last night w/minor mechanical, TSA’s in good spirits!

PCG 17 puts expiring, thanks…

PCG 17 puts expiring, thanks @optioniceman

TRTN #CoveredCalls BTC Dec 21…

TRTN #CoveredCalls
BTC Dec 21 35 covered calls @ .80 STO on Nov 7 @ 1.70…taking my 50.4%.

TT Cherry Picks w/Holiday Schedule

TT Cherry Picks

I think every financial pundit…

I think every financial pundit has said that “the market doesn’t know you or care about you, etc.” so it’s not about you. Hmm, occasionally I ponder that thought because…the last crash – SVXY dump in Feb – was on my birthday, today’s dump is our 37th wedding anniversary…no coincidence, right?! Carol’s birthday comes on Dec 5th, so I’m advising you now to put your stops in for Dec. just in case the market has a TGT on my back?

I’m very thankful that we’re not hunkered down, fighting to survive Cat 5 Hurricane Michael, and if you are in it’s path take cover and stay safe.

Fellow TT ‘ers – Cherry Picks, Earnings Report

TT: Motion In The Markets

TRTN ites

2019 April and December exp dates open now…


Apple just past into a trillion dollar market valuation…”a billion here, a billion there, etc.”

TRTN #CoveredCalls STO 2 Oct…

TRTN #CoveredCalls
STO 2 Oct 19 35 covered calls @ 1.75, half position, CB 35.45. Looking for at least one more div distribution. Shares up 8.36% on Barrons positive article that trade war affecting container biz is overstated. Earnings Aug 3 BMO, see which way this goes before placing balance of option contracts.


BTC $EWZ 17 Aug 31 #ShortPuts @ .48 STO June 21 @ 1.25, about 10% over my 50% sell target and 38 days early.

TT “Cynthia, Rising Star interview” : new to options trading but has developed a system for future success while Tom asks questions every new trader should ask themselves.


STO 17Aug 31 put @ 1.25 shares at 32.01. Idea from Dr. Data, TT, EWZ down 31% from Feb highs…


Annuities to cover a “Back Swan” event, you say? In the course of an insurance policy review I touched on option trading and low-and-behold the agent had a product to suggest…fancy that! It’s an annuity hedge for market downside, as if we don’t know about long puts…oops…shades of Feb 5. Anyway, I thought y’all might be interested in its structure, or not. I’m not buying, selling or recommending, I don’t know how much it costs, keep or toss. Have a great evening.

P.S. AXA is on the NYSE as ticker EQH

TGT practice…

STO $TGT 20Jul 75 puts @ 1.30 when shares were 76.46


#FallingKnife #ShortPuts
BTC CAH 29Jun 49 Puts @ .15, STO @ .84 on 29May at 70%, well above my target.
Thanks #FallingKnife watchers!

TGT closed CC

Closed earlier: $TGT covered call: Buy/Write 200 shares @ 76.05, STO 15Jun 76 call @ 1.30 on June 4, before TGT popped. On June 5 rolled call up and out, BTC @ 2.85, STO 20Jul 77.50 calls @ 3.12, .37 credit, today BTC @ 3.05, just about even money, sold shares @ 78.90, for about $550 profit…stock may have slowed down at $80 resistance…TTAMR.

Also, browsing TOS this morning found an excellent covered call TDA Education Video “Selling Covered Calls And Cash-Secured Puts – 6-11-18 – Scott Thompson – You Tube” sorry, no url on this one. He manages about 6 ITM covered calls on TOS with spread hedging, rolling, etc., 58 min long.


#Rolling #CoveredCalls
Rolling covered calls opened yesterday as $TGT took off. Going out to Jul 20 expiration, 45 DTE, and up $1.50 to 77.50.
Bought 200 sh @ 76.05, STO 2 11Jun 76 cc @ 1.30, BTC @ 2.85
STO 2 20Jul 77.50 cc @ 3.12
EDIT: share price: 78.18


#CoveredCalls #shortputs
BTO 200 $TGT @ 76.0499
STO 2 15Jun 76 puts @ 1.30
Consumer goods showing strength today

Futures in your future?

…tastytrade Motion In The Markets report.


Even on “market days off”…

Even on “market days off” my routine is the same, by 4:45 AM I’m viewing the screen for the first look of the coming financial day. Hmm…it didn’t happen this morning, I returned to bed, when I did return to the computer my mind began to wander, routine interrupted, maybe a good thing? As I know you will all want to get back in the driver’s seat early tomorrow, unless you are flying around somewhere, here is a little sidebar for traders trading.

Enjoy the day and God Bless our service men and women. See you tomorrow.

Latticework of Mental Models: Hot Hand Fallacy

Falling Knife

SLB #FallingKnife ?


All major US stock exchanges are closed Memorial Day, Monday, May 28, 2018
…but, y’all ready know that? Enjoy your Holiday!


STO $TGT Jun 29 70 puts @ 1.56


#ShortPuts #CoveredCallCampaign
STO TRTN Jun 15 35 puts @ 1.15, shares at 35.66 on this dip.
BTC TRTN Oct 19 40 CC @ 1.80, STO Mar 3 @ 2.49, strike getting too close to share price to make any profit.

ATTN: 18 Jan 19 strikes now open!
ExDiv: May 31, @ .52

It’s about time…
A TT “WDS” segment with Tom Sosnoff and Howard Tullman. ” Unlike some of our other trading newbies, Howard is a bit older with a bit more capital and, subsequently, a different set of objectives. Follow along as Tom shows him the ropes!”
…the time remaining.


Sold to Open $TGT June 15 77.50 puts @ 4.00. If assigned CB 73.60, shares selling at 74.96ish also take 3.31%, .62 div.

LB puts closed

#FallingKnife #ShortPuts BTC LB Jun 15 30 puts at .55, STO May 10 at 1.35. Taking 60% profit early. Thanks @optioniceman

TRTN #ShortPuts Sold July 20…

TRTN #ShortPuts Sold July 20 35 puts @ 2.65, shares at 34.97.


#shortPuts Bought to close May 18 30 puts @ .25 sold on Apr 19 @ 1.25, 80% profit, will reload later.

Daily Recap @ TT: Market…

Daily Recap @ TT: Market Measures: SPY & VIX: Inverse Strategy Results

ETF’s in play @ TT

Walk On The Wild Side? …about the VIX

SA article: “Leveraged ETFs Decay Dashboard”


#CoveredCalls – STO Oct 19 40 CC @ 1.80 shares at 30.67. Ran this one last month closed for 60% profit. (Ed: calling this my “yoyo” trade. Not worthy of a hashtag, ha!)


STO May18 16 puts @ 1.20

FYI tt joint accounts announced…

FYI tt joint accounts announced in an email today:
“Joining Finances has Never Been More Exciting…
The wait is over and you can finally do just that with a tastyworks joint brokerage account. And the good news is, it only takes a few short minutes to open an account!”

“P.S. We are now currently offering SEP IRAs in addition to, Individual Margin accounts, Traditional IRA accounts, Roth IRA accounts,Trust accounts, Corporate accounts and Joint Accounts. Custodial accounts will be added shortly.”


BTC Oct 19 #CoveredCalls @ 1.45 sold at 2.45 on March 16.


STO 1 $TRTN Oct 40 covered call @ 2.45, shares priced at 31.67. Keeping this LT 5.66% yielder.

No OpEx today, enjoy St Patty’s day!

IBD Investor’s Business Daily IBD…

IBD Investor’s Business Daily IBD Weekly – 2018 Best Online Brokers survey. Week of Jan 29
Top Overall Customer Experience – 1. Fidelity (F), 2. Charles Schwab (CS), 3. TradeStation (TS), 4. TD Ameritrade (TDA), 5. Interactive Brokers (IBD).
Low Commission & Fees – 1. IBD, 2. F, 3. CS; 4. TS, 5. Merril Edge (ME).
Trade Reliabilty – 1. F, 2. IBD, 3. CS, 4. TS, 5. TDA.
Site Performance – 1. F, 2. TS, 3. CS, 4. TDA, 5. IBD.
Customer Service – 1. F, 2. CS, 3. Scotttrade (ST), 4. TDA, 5. ME.
Research Tools – 1. F, 2. CS, 3. TS, 4. TDA, 5. ME.
Options Trading Platform – 1. TDA, 2. TS, 3. IBD, 4. F, 5. CS.
Mobile Trading Platforms – 1. TS, 2. IBD, 3. F, 4. TDA, 5. CS.
Other categories not recorded: Equity Trading Tools, Investment Research, Low-Cost/Free ETF Trading, Portfolio Analysis & Reports, Educational Resources, Trade Ideas, Inv./Ret. Planning Tools

Surprised that Fidelity was so consistently high, oh well, TOS one down…good night, y’all.


Trading high yielding #ShortPuts and #CoveredCalls a walk through of the basics from

Short Trading Next Week

US Stock Market Holidays
All major US stock exchanges (NYSE, NASDAQ and American Stock Exchange) follow the same holiday schedules as listed below. There is no insider trading reporting in these market holidays.

2018 US Stock Market Holiday Calendar
2018 Market Holidays Date
New Year’s Day Monday, January 1, 2018
Martin Luther King Jr. Day Monday, January 15, 2018
President’s Day Monday, February 19, 2018
Good Friday Friday, March 30, 2018
Memorial Day Monday, May 28, 2018
Independence Day Wednesday, July 4, 2018 (1)
Labor Day Monday, September 3, 2018
Thanksgiving Day Thursday, November 22, 2018 (2)
Christmas Tuesday, December 25, 2018 (3)
(1) The market will be closed early at 1:00 PM on Tuesday, July 3, 2018 Eastern Time.
(2) The market will be closed early at 1:00 PM on Friday, November 23, 2018 Eastern Time.
(3) The market will be closed early at 1:00 PM on Monday, December 24, 2018 Eastern Time.

Also note that Monday, October 8, 2018 (Columbus Day) and Monday, November 12, 2018 (Veterans Day) are federal holidays and there are no insider trading reporting.


#ShortPuts STO 2 Apr 20 35 puts @ 1.60 manage to 50% watch earnings about Mar 15.
#CoveredCalls BTC Jan 19 40 cc @ 1.10, STO Jan 2 @ 1.00 it’s an $18 loss, shares broke above 40, cost basis 40.965, now trading @ 40.30. With .45 div still ahead, but need to watch upward ticks on CC, IV51.60.

The latest conundrum…

A lot of monkeys lived near a village. One day a merchant came to the village to buy these monkeys! He announced that he will buy the monkeys @ $100 each.

The villagers thought that this man is mad. They thought how can somebody buy stray monkeys at $100 each? Still, some people caught some monkeys and gave them to this merchant and he paid them $100 for each monkey. This news spread like wildfire and people caught monkeys and sold them to the merchant.

After a few days, the merchant announced that he will buy monkeys @$200 each. The lazy villagers also ran around to catch the remaining monkeys! They sold the remaining monkeys @$200 each.

Then the merchant announced that he will buy monkeys @$500 each! The villagers start to lose sleep! … They caught six or seven monkeys, which was all that was left and got $500 each.

The villagers were waiting anxiously for the next announcement. Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @$1000 each! He asked his employee to take care of the monkeys he bought. He was alone taking care of all the monkeys in a cage.

The merchant went home. The villagers were very sad as there were no more monkeys left for them to sell at $1000 each. Then the employee told them that he will secretly sell some of the monkeys @$700 each. This news spread like wildfire. Since the merchant now buys monkeys @$1000 each, there is a $300 profit for each monkey.

The next day, villagers made a queue near the monkey cage. The employee sold all the monkeys at $700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys!

The villagers took care of their monkeys & waited for the merchant to return. But nobody came! … Then they ran to the employee but he had already left, too!

The villagers then realized that they have bought the useless stray monkeys @ $700 each and are unable to sell them!

Now you understand how Bitcoin works.

Well with that solved, back from PSP and ready to go to work…LOL

Happy New Year to my…

Happy New Year to my trading friends at Options Bistro!
Off to PSP for 10 days taking a “double” on the temp from here in PDX.

Special thanks to Jeff for all his leadership and guidance.

Thanks everyone for all your thoughtful comments and sharing!

Be safe, see you next year.

TRTN #coveredcalls Bought To Close…

TRTN #coveredcalls
Bought To Close 2 $TRTN Jan 19 40 calls (covered) @ .75. Sold To Open -2 @ 1.55 on Dec 20 taking 50%.

Woo Hoo, Portland gets a…

Woo Hoo, Portland gets a White Christmas!

Merry Christmas and Happy New…

Merry Christmas and Happy New year, to each of you, enjoy this season warmly with friends and family.
Be safe.
Thanks Jeff for Options Bistro.


#ShortPuts BTC Jan 19 40 put @ 2.03, STO Dec 6 @ 4.40 taking 54%.

@jeffcp66 Killer graphics! Love Santa rolling into LAS with the ’55 Austin Healy 3000 Mk III full of presents pass them out quickly, don’t gamble or you’ll find yourself going home in a Greyhound…bus, that is…ha!
P.S. Buy yourself that gift yet? Checkout WyzeLabs WyzeCam $20 internet capable. Ciao.
edit: WiFi that is

SPX #BullPutSpreads #spxstrategy STO 4…

SPX #BullPutSpreads #spxstrategy
STO 4 Jan 19 2545/2565 BuPS @ .75 when index at 2679.18
Thanks @walter6871

SVXY “How Does It Work”

We all love SVXY and UVXY, but have you ever wonder how it worked? Ok, fair enough, then here is some bedtime reading…a real snoozer!

$SVXY #ShortPuts BTC 2 (split)…

$SVXY #ShortPuts
BTC 2 (split) Jan 19 37.50 puts @ 4.30 x 2 8.60, sold 1 (pre-split) Jan 19 70 put @ 14.56 on 4/10/17
STO 1 Jan 19 65 put @ 10.40 …hmm, how interesting “1040” on this day.

This was a personal best, keeping a trade for 8 months! Picked up a few bucks rolled to get a few more, plus a grand on margin, let’s see how long I can keep this one?!

ALK #FallingKnife #shortputs BTC 1…

ALK #FallingKnife #shortputs
BTC 1 $ALK April 18 2018 55 put @.65, STO Nov 11 55 put @ 2.02 taking 68% 126 DTE
Thanks @OptionIceman (I’m sure this will get richer but can’t hold as long…take tt better than 50%.)

SVXY #ShortPuts BTC Dec22 70…

SVXY #ShortPuts
BTC Dec22 70 puts @ .15 83%
BTC Dec29 75 puts @ .40 80%
Unpacking these before year end, no remaining 2017 positions to deal with over holidays and “Gubment” wrangling, already seeing some defections re: tax bill debt sizing.

STO Mar 16 70 puts @ 2.60 adding to ladder. Thanks @jsd501

$VTR #FallingKnife Raymond James downgrades…

$VTR #FallingKnife
Raymond James downgrades Ventas (NYSE:VTR) from Market Perform to Underperform. No position yet…

$SVXY #ShortPuts STO January 19…

$SVXY #ShortPuts STO January 19 50 puts @ 1.05 on the dip…

IBB 3:1 split now trading…

IBB 3:1 split now trading at 105ish


MU a falling knife?

Happy Thanksgiving to all…

Happy Thanksgiving to all…


#Assignment Assigned at 40.07 on Nov 17 45 put, collected 3.12 premium opening trade. Shares trading at 38.79 will keep divy stock, ex-div Nov 11, unless it moves to tank zone….

Options Expiration

SVXY $70 puts
SVXY $80 puts

Expect assignment of TRTN 45 puts sto 3.20 credit, cost basis 41.80 have a little to make up on ex-dividend date 11/20. TRTN closed at 40.70.

Have great weekends everybody.

LTC Litecoin

@fuzzballl RE: your post yesterday, interesting stuff…more info 4 u.

Interactive Brokers warns on bitcoin futures

These red flags are lurking…

These red flags are lurking below a market at record highs

“Fast Money” traders discusses which stocks are safe to buy as they dip lower.



#ShortPuts STO TRTN 45 puts (ITM) @ 3.20, shares at 41.95, replacing exercised shares before dividend of .45 on Nov 30. Bump today attributed to positive earnings report.

DOW Drops 200
Awareness of potential downsides?

tt Research Cherry Picks