$SPY $UVXY $SPX I’m taking the opportunity to take profits today by closing the long call side of 3 SPY spreads, dated July 8 and July 15, 208,214,215 strikes, closed the call side of a July 8 2155/2170 call spread, and closed a UVXY 11 put sold June 20 for 1.56 and a July 8, 30 call sold Friday for 1.18. I paid 42 for both today coincidentally. I looked at what was left in these trades, duration and margin. This method, closing early, has been working for me in 2016.
Author Archives: thomberg1201
Heckuva day- I appreciate everyone’s…
Heckuva day- I appreciate everyone’s input
UVXY following you guys sold…
UVXY following you guys sold July 8, 30 call for 1.20
SPX Rolled 2040/2025 to next…
SPX Rolled 2040/2025 to next week for a credit of 90.
#SPX-We all need something today-I…
#SPX-We all need something today-I need 2040 to hold.
$SPY #ironcondor August 19 189/194/216/220…
$SPY #ironcondor August 19 189/194/216/220 for 1.35
$SVXY rolled a June 24…
$SVXY rolled a June 24 49put that has ended up in the money to next week for a credit of 1.60
$UVXY haven’t been able to…
$UVXY haven’t been able to get an option chain on TD Ameritrade since the open
$UVXY sold June 24 10.50…
$UVXY sold June 24 10.50 put for .72
$SVXY sold June 24 49…
$SVXY sold June 24 49 put for 1.00
$SPX sold a June 24…
$SPX sold a June 24 2020/2010 BuPS for 1.15
$TSLA STO July 15 180/170…
$TSLA STO July 15 180/170 BuPS for 1.00
$SPX closed a June 24…
$SPX closed a June 24 2070/2080/2080/2090 gamble for a loss of $50, clearing the way for others in this trade to profit on a correction tomorrow, taking one for the team.
$UVXY rolled June 17 12…
$UVXY rolled June 17 12 covered call to June 24 12 for a credit of .90, cost basis is now 9.82 for the shares
$DOW I rolled a DOW…
$DOW I rolled a DOW the stock, June 17 50 covered call to September, only way to get a credit of .75. Ex-div is June 28, I expect my shares to be called away so I picked up some more premium. My cost basis is 47. DOW is at 52.60
$SVXY sold a July 15…
$SVXY sold a July 15 37 put for 1.15 thanks to SVXY traders
$CMG Chipotle continues to head…
$CMG Chipotle continues to head south
$SPY followed from TT August…
$SPY followed from TT August 19, 187/217 strangle for 3.09, first SPY strangle, have to grow up sometime.
TD Ameritrade-anybody else having trouble…
TD Ameritrade-anybody else having trouble with the website?
Interesting research on buying cheap…
Interesting research on buying cheap OTM calls to reduce margin requirements when selling a strangle.
https://www.tastytrade.com/tt/daily_recaps/2016-06-08/episodes/strangle-replacements-are-cheap-wings-worth-it-06-08-2016
SPX closed a June 24…
SPX closed a June 24 iron condor for 80, sold for 1.64 on May 9. 1900/1890/2160/2170. SPX isn’t going to 1900 next week-probably not but…
$PANW I sold an iron…
$PANW I sold an iron condor for earnings that included a 170/175 BeCS. After earnings I closed the short 170, kept the 175, and have been selling long calls as PANW has dropped, closing them along the way. Today I sold a June 17, 140 for .35, PANW is at 132. I should have kept the 145 I sold on the 7th and bought yesterday, but I’m trying to be disciplined and close at 50-60% gain.
$LULU-they were right!
$LULU-they were right!
$LULU They are loading up…
$LULU They are loading up on LULU earnings trades over at TT, primarily bullish. From a cursory look at the last year, it looks like a risky venture either way.
$GDXJ followed from TT sold…
$GDXJ followed from TT sold a Junior gold miners July 17 strangle 44/31 for 1.00
$JWN closed a post earnings 40/35 BuPS I sold for 1.29, somehow eked out a plus .28
$PANW #earnings I was lucky…
$PANW #earnings I was lucky with this earnings trade. I was unable to get a fill on a trade that some people here had on and sold a June 17 iron condor 125/115/170/175 for 105. I bought back the short call for .05 on the 27th after the earnings dump, closed the put side today for .31.
$AZO #earnings #ironcondor closed June…
$AZO #earnings #ironcondor closed June 17 720/710/800/810 for 79.72, sold for 174.86. Thanks Jeff
#ironcondor information from TT https://www.dough.com/blog/managing-iron-condors?utm_content=bufferfa7a6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
#ironcondor information from TT
https://www.dough.com/blog/managing-iron-condors?utm_content=bufferfa7a6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
$PANW Playing with fire STO…
$PANW Playing with fire STO June 3 125/120 BuPS for .80
$SPY closed the June 27…
$SPY closed the June 27 290.50/207 BePS lost $4, was looking for lunch money, lost a beer. clears the way for a correction.
$SPY bought a May 27,…
$SPY bought a May 27, 209.50/207 BePS for .61 because things have to go down sometime-right?
$COST-anybody considering an earnings trade?
$COST-anybody considering an earnings trade?
I just started watching this…
I just started watching this guy, he’s a chartist, interesting, it doesn’t cost $170/month, he’s humble and can operate the technology.
https://www.tastytrade.com/tt/shows/trading-the-close-with-tim-knight
$OIH, oil services ETF, over…
$OIH, oil services ETF, over 20,000 June 3, $28.50 calls traded today
#spxcampaign kind of following Jeff….
#spxcampaign kind of following Jeff. $SPX STO July 29 2170/2180 for 1.70
$AZO STO #ironcondor June 17…
$AZO STO #ironcondor June 17 720/710/800/810 for 1.80. AZO is at 755 and has had a nice run up since earnings this morning. I expect it to settle down in the next couple of days.
$UVXY closed a June 17…
$NFLX closed a June 17 85/75 BuPS for .53, sold for 1.55 on April 19 after the earnings dump. This wasn’t looking very good just a few days ago so I cashed out.
$UVXY sold a June 17, 14.50 covered call for 1.36. Cost basis is 12.11.
$M Macy’s June 17 32/29…
$M Macy’s June 17 32/29 BuPS for 1.12, with Macy’s at 31.70.
$UVXY taking a cue from…
$UVXY taking a cue from some of you guys, sold a September 16, 11 put for 2.60
$SPX July 8 BeCS 2155/2170…
$SPX July 8 BeCS 2155/2170 for 1.50
$AAPL $AMZN closed a BuPS…
$AAPL $AMZN closed a BuPS on Aapl and a BeCS on AMZN, had gotten roughly 70% on both of them, expire in June
$SPY July 15 #ironcondor 190/180/215/225…
$SPY July 15 #ironcondor 190/180/215/225 for 1.42
$CRM-Jeff-another excellent Salesforce rec!
$CRM-Jeff-another excellent Salesforce rec!
$SPX Closed June 10, 2145/2170…
$SPX Closed June 10, 2145/2170 BeCS for .35, sold for 1.42 on May 10.
$XRT Sold September 16 40/35 BuPS for 1.50. This is a retail ETF, really beaten down. Also bought a couple Sept. 46 calls at .23. Hopefully WalMart doesn’t drag it down further.
$TGT I checked, nobody here…
$TGT I checked, nobody here reported being bullish on Target around earnings. It’s down almost 10% today.
$SPY followed a trade from…
$SPY followed a trade from TT changed the date bearish STO BePS 207/205 and a BeCS 208/213 June 27 for a .99 credit. Profitable below 209
$UVXY at the buzzer sold…
$UVXY at the buzzer sold a June 17, 12/8 BuPS for 1.40. The long put is a throw away to save margin.
$SPX Closed May 27 1915/1940…
$SPX Closed May 27 1915/1940 BuPS for .35 freeing up margin to STO
June 30, 2170/2190 BeCS for 1.20
$SPY filled after the bell,…
$SPY filled after the bell, followed a TT trade. bought 2, June 17 218 calls, sold a 204 and a 208, 548 credit, profitable below 208.74
$DOW rolled a May 50…
$DOW rolled a May 50 covered call to June 50 for a credit, reducing cost basis to under 48, my original purchase price was 54. If it continues to float around 50, I’ll keep rolling and buying shares with dividends.
$JWN Nordstroms a little risky…
$JWN Nordstroms a little risky STO June 17 40/35 BuPS for 1.37, sort of following iceman’s falling knife technique
$AAPL in January I bought…
$AAPL in January I bought a July 100 call and have been selling calls against it successfully. Today I had to change strategy and turned it into a BeCS strategy, selling a May 27, 95 call against the July 100. It’s been interesting to watch. Recently when AAPL went on a run I had to roll out to a July 105 and received about what I paid for the 100, figuring the fun was over, which I rolled to the above mentioned 95 for a credit. If AAPL can find a bottom, I may try this again with a deep in the money January call.
$XME sold a June 17…
$XME sold a June 17 20/23 strangle for 1.43 following from TT
$RL wrong on Ralph
$RL wrong on Ralph
$RL Ralph lauren I know…
$RL Ralph lauren I know it’s low probability but Bought a 75/70 May 20 put spread for .71, earnings tonight, retail isn’t looking very good, RL isn’t looking very good, what the h
$QQQ followed a calendar put…
$QQQ followed a put calendar from TT. sold a June 15 104 put and bought a July 17 104 put for an .87 debit.
$LL I saw a headline…
$LL I saw a headline about old nemesis Lumber Liquidators, still going down, anybody here remember that fiasco? Yikes!
$SPY followed mortlightman with his…
$SPY followed mortlightman with his SPY butterfly but went to May 27 and increased the higher strike to 208. Buy a 203, sell 2 205s, buy a 208 for a credit 0f .41. This makes money on a pullback below 207 and change. I’m new at these butterflies, learning as I go, small risk.
edited for proper strike-again
$SPX following rknight with a…
$SPX following rknight with a twist STO #ironcondor June 24 1900/1890/2160/2170 for 1.70. I have a SPY condor on June 20 so went out a week.
Edited for proper strikes
$SPX closed June 3 2150/2175…
$SPX closed June 3 2150/2175 call spread for .73, sold May 2 for 1.57, that 50% thing
$NUGT I think it’s my first NUGT trade, STO May 13 75/69 BuPS for .80 Thanks to all of you who trade NUGT
$QQQ followed from TT June…
$QQQ followed from TT June 17 #ironcondor 96/86/109/116 for 1.28 It’s essentially a strangle with some margin saving long options.
$PCLN-had an iron condor and…
$PCLN-had an iron condor and a BuCS that did not get filled today, thinly traded stock I suppose.
$PCLN Interesting PCLN #earningstrade at…
$PCLN Interesting PCLN #earningstrade at TT. I’m not following. 1300/1350/1350/1400 iron condor $4290 credit, risk 675-looking for a small move.
$AAPL STO June 20 BuPS…
$AAPL STO June 20 BuPS 90/87.50 for .78 following from TT
$SPY #ironcondor STO June 17…
$SPY #ironcondor STO June 17 213/218/191/186 for 1.22
$AMZN #earningstrade STO May 6…
$AMZN #earningstrade STO May 6 BuPS 540/530 for 1.00.
$FB-c’mon back inside of 119,…
$FB-c’mon back inside of 119, 118.50 would be enough.
$FB followed another TT FB…
$FB followed another TT FB trade April 29 iron condor 109/111/107/105 for 1.78 does well with a small move, little risk with a big move.
$AAPL yesterday I followed a…
$AAPL yesterday I followed a TT strange butterfly, sold 3 April 29, 105 calls, and bought 2, 108 calls and 1, 102 call. I closed the 105s for a nice gain, the others are at 100% loss, maybe will come back a little, the trade will make $114 as it is now.
At the end of the day I sold an April 29 102/99 AAPL Bups. I rolled the 102 to May 20 for now and bought a 96 put, sold to close the 99, all ended in a credit.
$GOOGL I was looking for…
$GOOGL I was looking for a bounce today to help out last weeks earnings trade, wanted a little more than today’s 47 cents, more like $47!
$GOOGL This rarely works, but…
$GOOGL This rarely works, but I’m in the GOOGL butterfly for next Friday instead of today. I bought back the short 820s for a nice $1550 gain. That will likely be offset next Friday, but if GOOGL bounces the long calls may recover a little, they are at 100% loss now, worth a shot.
$CAT followed a BePS on…
$CAT followed a BePS on TT April 22 78/76 long put spread for a debit of 60
$UA Jeff-nice call on the…
$UA Jeff-nice call on the UA put!
$NFLX STO June 20 85/75…
$NFLX STO June 20 85/75 BuPS for 1.58
$AAPL I closed the short…
$AAPL I closed the short leg of an April 22 107/110 BeCS for a small gain, pretty sure I followed someone here on it a few weeks ago. It was looking really bad last week so I’ll be happy with a small loss if AAPL stays in the 106-107 range the rest of the week.
Options Bistro 