hcgdavis 8:41 am on Friday, September 14, 2018
Tags: Fuzzy ( 415 ), pietrades ( 240 )

Bonus day off, not getting…

Bonus day off, not getting hammered by the storm so time to trade then go bike or kite, might be too windy today 🙂

Still waiting on theta decay, next week a big expiration, this one mostly rolling and a few new trades.

#pietrades
TQQQ lot 1 rolled 64 cc rolled out 2 weeks for 0.8 credit. Cost basis now 63.20
TQQQ lot 2 rolled 65.5 cc out 2 weeks for 1.3 credit. Cb now 63.15
LNG lot 1 66.5cc rolled out a week to 66 for 0.73 credit. Cb 64.67
LNG lot 2 66.5 cc rolled out a week to 66 for 0.93 credit. Cb 64.72

#fuzzy new and adjustments/rolls
New XBI 80/97 2020 Leap and 14 DTE on the 97 for cost of 19.56
LNG 50/66.5 2020 LEAP and 14 DTE on the 66.5 for 19.25

Rolls
XBI 87/95 and 95/95 2019 LEAPs rolled out to 21 DTE for 0.75 credits. Cost basis now 5.68 on the 87 and 2.2 on the 95. Getting close to a free trade on these.

Hope everyone in the path of the storm is safe and dry!

I now have about 4-6 weeks on the #fuzzy in the small accounts and have to say anything below 10k this is the way to go, even better than #pietrades. Over that you can do about the same with #fuzzy or #pietrades.

Going forward I will still be experimenting with the 45 DTE open 21 DTE close pie ladders (new hashtag maybe if it works) and will report as they roll/unwind. The TT segment that @thomberg1201 posted the other day added more evidence that may be the best way to income trade.

Hope everyone has a good weekend 🙂

jdietz1954 7:22 am on Friday, September 14, 2018

Morning all. Popping in here…

Morning all. Popping in here from the “sunny” piedmont of NC in between power blips. Yeah, that’s the ticket. Rolled my ERX Sept 14th 35 Puts out and down to Sept 21st 34 P for .30 credit.

thomberg1201 7:19 am on Friday, September 14, 2018
Tags: IronCondor ( 244 )

#ironcondor BABA TastyTrade idea sold…

#ironcondor BABA

TastyTrade idea sold Oct. 19, 150/155/175/180 for 2.33, BABA is just under 165.

jsd501 7:03 am on Friday, September 14, 2018

CAT

Good morning. This is a DeBeers stock over on SMM.

BTO January 2020, 150 calls at 15.90

STO September 28 155 calls for .23 cents

mortlightman 6:52 am on Friday, September 14, 2018

Good Morning

fuzzballl 10:07 pm on Thursday, September 13, 2018
Tags: LEAPS ( 418 ), LongPuts ( 144 )

DUST

#LongPuts #LEAPS – Finally getting caught up on this week’s trades. Missed one here….

Bought to Close DUST Sep 14 2018 36.0 Puts @ .05 (sold for .87)

geewhiz112 7:42 pm on Thursday, September 13, 2018
Tags: ShortCalls ( 979 ), ShortPuts ( 4,764 ), SPXcampaign ( 2,265 )

MO ALRM NFLX Short Puts / WTW Roll Calls / SPX Closed Early

#shortputs
$MO STO 9/14 61 put at .40
$MO STO 9/21 61 put at .78
$ALRM STO 9/21 57.5 puts at 1.10 Thank you @fuzzballl
Closed Early
$NFLX BTC 9/21 295/305 BUPS at .05 STO at 1.95

#shortcalls
$WTW BTC 9/21 74 call and STO 10/19 80 call at a net debit of .15 Stock at 72.25

#spxcampaign
Closed Early
$SPX BTC 9/14 2810/2835 BUPS at .20 Sold for 1.80 I’m a bit skittish

fuzzballl 1:02 pm on Thursday, September 13, 2018
Tags: LEAPS ( 418 ), LongCalls ( 495 )

XBI

#LongCalls #LEAPS – Late fill so looking tomorrow for the next sale…

Bought to Close XBI SEP 14 2018 97.5 Calls @ .02 (sold for 1.02)

fuzzballl 12:53 pm on Thursday, September 13, 2018
Tags: Hedge ( 75 )

VIX hedge

#Hedge – Added the second half of this today. First half filled at .05 debit and second half filled at .10 credit. Also added long 11 puts underneath the short 13’s. Basically a bullish (on VIX) double vertical…sold 13/11 put spreads to finance the purchase of 17/21 call spreads. This will also be a nice hedge for shorting UVXY after the upcoming reverse split.

Here’s the original post:

=======================================================================

Theo Trade VIX hedge

#Hedge – From a free webinar last night….Don was going out to Nov and selling 13 strike puts. Using that cash to finance the purchase of 17/21 Bull Call Spreads. He was getting it at even. I’m showing a nickel debit right now. No fill yet.

=======================================================================

Ramie 12:38 pm on Thursday, September 13, 2018

AMD-taking profits on a quick one

I didn’t expect this to get to 50%+ profit in a few hours but I’ll definitely take it when it does!
Bought to close $AMD Oct 19 37 calls @ 1.02. Sold for 2.17 earlier this morning.

thomberg1201 12:37 pm on Thursday, September 13, 2018
Tags: ShortPuts ( 4,764 )

#shortputs DUST Sold Sept. 21,…

#shortputs DUST
Sold Sept. 21, 42.50 put for 1.73.

Jeff 11:50 am on Thursday, September 13, 2018
Tags: SPXcampaign ( 2,265 )

SPX condor sold

#SPXcampaign Sold to Open $SPX Sep 28th 2815/2840/2950/2975 iron condors for 3.65. This is replacing the condor that expires tomorrow, but I’m going 5 points closer in on each side.

hcgdavis 11:10 am on Thursday, September 13, 2018

WDC

Already rebounding so already adjusting to stay ahead.

Rolled 22 DTE 57 call out to 43 DTE and up to 58 call for 0.53 credit. Cost basis now 15.41 and still have 69 weeks to manage.

I am finding it easier to move up/down/out before it goes too far ITM. Once it does the deltas offset more. At that point probably better to either a) move the entire spread or b) ratio it to prevent so you have no risk to the upside.

Jeff 11:09 am on Thursday, September 13, 2018
Tags: CoveredCallCampaign ( 132 ), Rolling ( 450 )

AAPL call roll

#CoveredCallCampaign BTC $AAPL Sep 28th 227.5 covered calls for 3.55. Sold for 3.60 on Tuesday, so broke even and covered commissions.

#Rolling Sold AAPL Oct 5th 230 calls for 3.60.

thomberg1201 11:03 am on Thursday, September 13, 2018
Tags: IronCondor ( 244 )

#ironcondor TSLA Short strikes from…

#ironcondor TSLA
Short strikes from TastyTrade idea, sold Oct. 19, 210/220/355/365 for 1.63, TSLA is around 290.

thomberg1201 9:23 am on Thursday, September 13, 2018
Tags: FallingKnife ( 990 ), pietrades ( 240 ), ShortPuts ( 4,764 )

#shortputs TastyTrade Short puts are…

#shortputs TastyTrade

Short puts are sold here very often. Here is a 7 minute market measure on managing at 25%/50%/21 days and expiration with doing something at 21 days being the winner. Doesn’t help with the 4 days to expiration puts on DUST though.
https://www.tastytrade.com/tt/daily_recaps/2018-09-12/episodes/short-put-management-performance-09-12-2018

#fallingknife, #pietrades

honkhonk81 8:24 am on Thursday, September 13, 2018

TRADE:

ALRM STO 9/21/18 57.5 PUT @1.15 Trying to buy it a little cheaper.

Jeff 8:20 am on Thursday, September 13, 2018
Tags: CoveredCallCampaign ( 132 )

SQ covered calls

#CoveredCallCampaign This one has been a monster, and call premium is big. Got some of my calls run over so building my way back. I am long stock and also long Jan 2019 60 calls.

Sold $SQ Oct 5th 97 calls for 2.45.

Anyone have advice on rolling my Jan 60 calls? I can go to March or Jan 2020. Currently trading at 32.83. Can roll up to Jan 2020 80 call for 26.20, or Jan 2020 100 call for 17.40.

Thoughts?

jsd501 7:27 am on Thursday, September 13, 2018

BA

BTO January 2020, 360 calls @ 44.16

STO October 19, 375 calls @ 3.55

jdietz1954 7:14 am on Thursday, September 13, 2018
Tags: SPXcampaign ( 2,265 )

#spxcampaign Morning all. Stopped out…

#spxcampaign
Morning all. Stopped out of my 4 spread legs as designed about 10 minutes after the open.
Sept 21st 2780/2760 BuPS @ 0.30. Originally sold for 1.25 on 9/05
Sept 21st 2940/2960 BeCS @ 1.80. Originally sold for 0.80 on 9/12.
Sept 24th 2780/2760 BuPS @ 0.30. Originally sold for 1.00 on 9/11
Sept 24th 2940/2960 BeCS @ 1.75. Originally sold for 0.70 on 9/11
Overall my test of 3 IC including the Sept 14th spreads have netted 49.40 of profit using Dan Sheridan’s method with my usual 2 contracts per side. I like Sheridan’s method of setting hard stops using OCO. When I set alerts it leaves me antsy and prone to making irrational moves. I may reload these later today.
Now its time to sit back and wait for Florence. Have a great day.

Ramie 7:13 am on Thursday, September 13, 2018

Going short AMD

Via calls. Idea from TastyTrade.
Sold $AMD Oct 19 37 calls @ 2.17 with the stock at 33.95 up almost 25% this week.

thomberg1201 7:03 am on Thursday, September 13, 2018
Tags: closing ( 266 ), Earnings ( 3,113 ), shortputspread ( 95 )

#earnings #closing #shortputspread NFLX July…

#earnings #closing #shortputspread NFLX

July 12, sold Sept. 21, 350/360 put spread for 2.20, glad I went out in time as NFLX went from about 400 to about 310 in the month after earnings. Finally turned profitable today, bought for 1.94. Beats losing.

jsd501 7:00 am on Thursday, September 13, 2018

BA

BTO September 28, 340/350 call spread @ 8.45 with the stock at 360

Jeff 6:55 am on Thursday, September 13, 2018
Tags: Earnings ( 3,113 )

PVTL call side closed

#Earnings BTC $PVTL Sep 21st 34 calls for .05. Condor sold yesterday for 1.70.
The 22.5 puts are recovering from overnight lows. Order in to close for .05 as well. Leaving the long legs as lottery tickets.

mortlightman 6:52 am on Thursday, September 13, 2018

Good Morning

geewhiz112 8:12 pm on Wednesday, September 12, 2018
Tags: ShortPuts ( 4,764 ), supercharger ( 160 )

Google Supercharger / CMG TSLA Closed Early / IQ HAL Rolled

#supercharger
Maiden Voyage – shoals abound
$GOOGL STO 9/28 1155/1165 BUCS at 7.20 Thank you @jeffcp66

#shortputs
$CMG BTC 9/28 440/460 BUPS at .50 STO at 3.30 Thank you @ramie77
$TSLA BTC 240/250 BUPS at .55 STO at 1.60 Kudos to @ramie77
$IQ BTC 9/21 35 put and STO 10/19 35 put at .30 additional credit
$HAL BTC 9/21 40 put and STO 10/19 35 put at .26 additional credit

Ramie 1:16 pm on Wednesday, September 12, 2018

AAOI assignment

I was assigned overnight on my short Jan 75 puts (which I’ve been rolling since they went ITM about a year ago). I thought we had a shot of getting close previous levels again back in July but things have retreated since then. I’ll sell calls on the next big move up but for now just staying long. Premium taken in so for is 11.59 so basis is 63.41.

Jeff 10:44 am on Wednesday, September 12, 2018

iPhone X s MAX

6.5″ display, just announced.

Watch live at https://www.apple.com/apple-events/september-2018/

Jeff 10:39 am on Wednesday, September 12, 2018
Tags: Earnings ( 3,113 )

1st earnings report

#Earnings Taking a shot on this one since premium is high, but defining max risk since this is its first earnings report, and the options expire next Friday.

Short Strikes are about 20% OTM.
Sold $PVTL Sep 21st 17.5/22.5/34/39 condors for 1.70.

generalmelchett 10:19 am on Wednesday, September 12, 2018
Tags: supercharger ( 160 )

NFLX

#supercharger – STC 14 SEP 345/350 BuCS @4.70….Opened 8/28 @3.89..

BTO 28 SEP 342.5/347.5 BuCS @3.80…GTC order to close @4.70

jdietz1954 10:18 am on Wednesday, September 12, 2018
Tags: SPXcampaign ( 2,265 )

#spxcampaign Stopped out of my…

#spxcampaign Stopped out of my Sept 14th 2930/2950 BeCS @ .10 (Profit target). Originally sold 9/7 for .40.

fuzzballl 10:03 am on Wednesday, September 12, 2018
Tags: Fuzzy ( 415 ), LEAPS ( 418 ), LongCalls ( 495 )

WDC

#LongCalls #LEAPS – Could be a fake out today so starting gradually with about one third position and non-hedged.

Bought WDC JAN 17 2020 57.5 Calls @ 8.80
Sold WDC SEP 21 2018 58.0 Calls @ 1.01

#fuzzy

fuzzballl 9:57 am on Wednesday, September 12, 2018
Tags: IRA ( 431 ), ShortPuts ( 4,764 )

SOXL

#ShortPuts #IRA – Adding one more slightly more aggressively.

Sold SOXL Nov 16 2018 100.0 Put @ 3.50

Already short the Nov 90 strike @ 5.10 from awhile back…

fuzzballl 9:44 am on Wednesday, September 12, 2018
Tags: LEAPS ( 418 ), LongPuts ( 144 )

DUST

#LongPuts #LEAPS – Still mostly un-hedged but adding one here.

Sold DUST SEP 28 2018 38.0 Put @ 1.20

fuzzballl 9:32 am on Wednesday, September 12, 2018
Tags: IRA ( 431 ), ShortPuts ( 4,764 )

DG JNJ SOXL

#ShortPuts #IRA – Freeing up some cash and selling first Feb position.

Bought to Close DG Jan 18 2019 75.0 Put @ .25 (sold for 2.26)

Bought to Close JNJ Nov 16 2018 115.0 Put @ .22 (sold for 3.05)
Bought to Close JNJ Dec 21 2018 110.0 Put @ .24 (sold for 2.37)

Sold SOXL Feb 15 2019 75.0 Put @ 3.50

fuzzballl 9:12 am on Wednesday, September 12, 2018
Tags: IRA ( 431 ), ShortPuts ( 4,764 )

STX

#ShortPuts #IRA – Adding one…great divvy down here.

Sold STX Dec 21 2018 45.0 Put @ 2.34

Not selling any puts in WDC yet but considering adding a long term LEAPS position.

Ramie 8:41 am on Wednesday, September 12, 2018

AMAT Adding to Jan at a lower strike

Sold $AMAT Jan 18 34 puts @ 1.23

ncroadrunr 8:31 am on Wednesday, September 12, 2018

DUST

Look at it fall after a parabolic rise (twice). Luckily for me I sold a Sept 21 BeCS 36/50 for $8.50. I averaged it with an earlier position sold for much less. Presently worth $7.07, break-even for me.

jdietz1954 7:30 am on Wednesday, September 12, 2018
Tags: SPXcampaign ( 2,265 )

#spxcampaign Sold Sept 21st 2940/2960…

#spxcampaign Sold Sept 21st 2940/2960 @ 0.80 when SPX was at 2887.41. Profit limit @ .20 Mark and stop loss @ 1.80 Mark. This is paired with the Sept 21st BuPS

hcgdavis 7:16 am on Wednesday, September 12, 2018
Tags: Fuzzy ( 415 )

MU

Rolled 10 DTE #fuzzy to 23 DTE for 0.23 credit. Cost basis now 9.70.

At least WDC rebounding a little.

Jeff 6:59 am on Wednesday, September 12, 2018
Tags: CoveredCallCampaign ( 132 ), Earnings ( 3,113 ), pietrades ( 240 )

Covered Calls and such

#CoveredCallCampaign
Yesterday:
Sold $BABA Sep 28th 170 call for 1.55
Sold $AAPL Sep 28th 227.5 calls for 3.60
#PieTrades
Closed $MU Sep 14th 47.5 covered call for .08. Sold last week for .75. Leaving the deck clear for earnings next week.

Today:
BTC $AMAT Sep 14th 125 covered call for 2.50. Sold last week for 2.00. Ex-div tomorrow, so I’ll wait until after to sell new calls. #PieTrades

#Earnings repair
Sold $TSLA Sep 21st 300 call for 4.25
Sold $RH Sep 28th 135 call for 2.30

thomberg1201 6:59 am on Wednesday, September 12, 2018
Tags: closing ( 266 ), Earnings ( 3,113 ), ShortStrangles ( 716 )

#earnings #shortstrangles #closing LULU August…

#earnings #shortstrangles #closing LULU

August 30, sold a seemingly safe 115/155 strangle for 2.12, stock about 138. LULU touched 160 a couple times, has backed off some, finally became slightly profitable this morning, just under 153, bought the strangle for 1.93, playing it safe and freeing up 3K in margin.

geewhiz112 1:34 pm on Tuesday, September 11, 2018
Tags: LongCalls ( 495 ), ShortCalls ( 979 ), ShortPuts ( 4,764 ), SPXcampaign ( 2,265 )

Roku Closed Puts / AMZN Short Puts /SPX Campaign / DBX CC / SPLK Long Calls

#shortputs
$ROKU BTC 9/14 61 puts at .05 STO 9/5 at 1.21 on $AMZN news sending $ROKU down. Should have bought stock.
$AMZN STO 10/19 1800/1850 BUPS at 7.52

#spxcampaign
$SPX STO 9/24 2760/2780/2960/2940 at 1.70 Thank you @jdietz1954

#shortcalls
$DBX STO 9/14 28 calls at .25 Will keep covering until the shares disappear!

#longcalls
$SPLK BTO 10/19 125/135 BUCS at 4.22

Ramie 1:00 pm on Tuesday, September 11, 2018

Taking some profits–AMBA, URI

Bought to close:
$AMBA Nov 16 32.50 puts @ .35. Sold for 1.10 on 6/6.
$URI Jan 18 100 puts @ .60. Sold for 2.33 on 4/24.

mortlightman 12:50 pm on Tuesday, September 11, 2018
Tags: In-Out ( 18 )

MSFT

STC 108/110 $1.55 BuCS BTO 9/6 $.93 #in-out

Ramie 11:37 am on Tuesday, September 11, 2018
Tags: OptionLadder ( 132 )

AMAT adding in Jan

At a lower strike
Sold $AMAT Jan 18 2019 35 puts @ 1.25

#optionladder

jdietz1954 11:37 am on Tuesday, September 11, 2018
Tags: SPXcampaign ( 2,265 )

#spxcampaign BTC my Sept 14th…

#spxcampaign BTC my Sept 14th 2800/2780 BuPS @ .20 off a GTC order. Originally entered 9/05 @ 1.05

Jeff 11:01 am on Tuesday, September 11, 2018
Tags: supercharger ( 160 )

GOOGL SuperCharger

#SuperCharger This worked so well a couple weeks ago, and now it looks like the pullback may be over.

Bought to Open $GOOGL Sept 28th 1155/1165 bull call spread for 6.99. Order in to close for 9.40.

fuzzballl 10:14 am on Tuesday, September 11, 2018
Tags: LEAPS ( 418 ), LongPuts ( 144 )

DUST

#LongPuts #LEAPS – Adding one more and averaging down.

Bought to Open DUST JAN 17 2020 40.0 Put @ 12.50

Jeff 9:55 am on Tuesday, September 11, 2018
Tags: Earnings ( 3,113 )

RH & TSLA strangles

#Earnings Still working my way back from some earnings trades on these two.
Sold $RH Sept 28th 120 puts for 3.25. Will sell calls on a spike up.
Sold $TSLA Sept 21st 260 puts on Friday for 11.95.
Sold $TSLA Slot 21st 300 call yesterday for 2.40.

hcgdavis 9:11 am on Tuesday, September 11, 2018
Tags: Fuzzy ( 415 )

WDC #fuzzy it won’t stop…

WDC #fuzzy it won’t stop going down so rolled the 10 DTE 60 down and out to 57 strike 24 DTE for 0.83 credit.

Cost basis now 15.94 and still have 493 days to manage it.

Probably do the same with the MU #fuzzy later in the week, still has some decent time value left on the short calls.

fuzzballl 8:29 am on Tuesday, September 11, 2018
Tags: LEAPS ( 418 ), LongCalls ( 495 )

GLD

#LongCalls #LEAPS – Another busy week away from the market but still selling a little. Quite a few to watch as we get closer to Friday though.

Bought to Close GLD SEP 14 2018 116.0 Calls @ .01 (sold for .48)

Sold GLD OCT 5 2018 115.0 Calls @ .43

jsd501 8:13 am on Tuesday, September 11, 2018

TQQQ

I rolled my September 28 , 70 calls out to October 19, 73 calls for a credit of .05 cents.

thomberg1201 7:54 am on Tuesday, September 11, 2018
Tags: ShortPuts ( 4,764 )

#shortputs NKTR sold Oct. 19,…

#shortputs NKTR

sold Oct. 19, 60 put for 2.45.

thomberg1201 7:38 am on Tuesday, September 11, 2018
Tags: ShortPuts ( 4,764 )

#shortputs EWZ Sold Oct. 19,…

#shortputs EWZ
Sold Oct. 19, 29 put for 1.29.

Jeff 7:34 am on Tuesday, September 11, 2018
Tags: CoveredCallCampaign ( 132 )

FB covered calls

#CoveredCallCampaign Have we found its bottom?
Sold $FB Oct 5th 175 covered calls for 1.50.

jdietz1954 7:08 am on Tuesday, September 11, 2018
Tags: SPXcampaign ( 2,265 )

#spxcampaign Legged into a Sept…

#spxcampaign Legged into a Sept 24th Iron Condor 2940/2960/2760/2780 for 1.70. OCO stops: Put side .30 limit, 2.40 Mark stop. OCO stops on the Call side .20 limit, 1.70 Mark stop. Following Dan Sheridan’s method here.

Jeff 6:33 am on Tuesday, September 11, 2018
Tags: ContangoETFs ( 446 )

DUST call

#ContangoETFs Sold $DUST March 60 call for 5.35, adding to my position.

mortlightman 5:08 am on Tuesday, September 11, 2018

Good Morning

geewhiz112 8:26 pm on Monday, September 10, 2018
Tags: LongCalls ( 495 ), ShortCalls ( 979 ), ShortPuts ( 4,764 )

WTW Short Call / SPOT Short Puts / EXAS Rolling Again / MCD Long Call

#shortcalls
$WTW STO 9/21 74 call at $1 (covered – left over from earnings trade – if called away a breakeven)

#shortputs
$SPOT STO 10/19 170/175 BUPS at 1.90
Rolling
$EXAS BTC 10/19 60 put and STO 10/19 70 put for added 1.40 credit. Now banked 4.60 Thank you @ramie77 for original STO 1/2019 35 puts

#longcalls
$MCD BTO 10/19 165/170 BUCS at 2.05

MikeL 12:57 pm on Monday, September 10, 2018

@ramie77 Have you rolled your…

@ramie77
Have you rolled your DUST $40 calls?

mortlightman 12:29 pm on Monday, September 10, 2018
Tags: Bitty ( 78 ), In-Out ( 18 )

CVS

STO Sept 21 77/75 BePS $1.01 #In-Out #Bitty
STC GTC 1.65 DK Special

Ramie 11:54 am on Monday, September 10, 2018
Tags: FallingKnife ( 990 )

MLM–Selling Jan puts into the bounce

Sold $MLM Jan 18 2019 165 puts @ 2.80 with the stock at 191.59. Delta 16.
#FallingKnife

hcgdavis 11:18 am on Monday, September 10, 2018
Tags: Cat4, Fuzzies ( 40 ), OptionLadder ( 132 ), OptionLadders, pietrades ( 240 )

Weekly vs monthly options or…

Weekly vs monthly options or #pietrades vs #optionladder

Not trying to sound greedy but after I converted a lot of #pietrades to #fuzzies and #optionladder, the decay is A LOT slower. Like watching paint dry but there are some advantages and disadvantages. Had a lot of time to think about trading this weekend with tropical storm and hurricane on the way.

Advantages:
higher premiums up front
less frequent adjusting
lower gamma risk, it can move around more before it hurts the overall position.
less trading=less commissions and fewer trades to monitor
easier to adjust
less intensive trading

Disadvatages:
slower premium decay, much slower my theta is half of what it usually is
less overall premium, you get more up front but 4 weeks of ATM options is a lot more premium than 1 option sale
fewer positions
in the case of diagonals or multi strike calendars, harder to adjust with monthlies. Weeklies let you simply roll up/down/out
less compounding effect, my back of the note pad answer is about 15-20% less annualized returns compared to weeklies

So which one wins? Depends on your goals. Personally I am trying to grow accounts so I will be sticking with mostly weekly and #pietrades. The compounding effects more than offset the additional work.

If you already have everything you need, then #optionladder would probably make more sense.

Some days/months trading is easy, other not so much. These last 6 weeks have been hard for me after earnings went bad and not a lot of time to trade. If it was easy everyone would do it and be good at it.

Thanks again for the ideas. I finally close a lot of these trades in 11 days and can re-deploy capital.

#cat4, #optionladders

Ramie 10:08 am on Monday, September 10, 2018
Tags: FallingKnife ( 990 )

TRV Jan puts

Sold $TRV Jan 18 2019 105 puts @ 1.10.
Premium is a bit better now.
#FallingKnife

ncroadrunr 9:26 am on Monday, September 10, 2018
Tags: ShortCalls ( 979 )

#shortcalls $TSLA sold last week’s…

#shortcalls
$TSLA sold last week’s 262.50 call with 35 minutes till expiration collect 0.55, easy money.
Stock closed at 263.24, option 0.84 just missed buyback. Margin sales Friday evening at $265 and today at 276.85, 277.80, 280.95 and final capitulation 281.15, must be near the high of day. All for a lousy 0.55.