Trades and Expirations

#shortputs
$AMZN STO 9/21 1720/1730 BUPS at 2.75

Rolling
#shortputs
$EXAS BTC 7/27 68 put at 6.10 and STO 8/3 68 put at 7.10 Earnings 8/1

#optionsexpiration
$FSLR 55 call (covered)
$FB 230 calls
$GOOGL 1105/1115 BUPS

Assigned DBX stock at 32. Basis 30.30
$SPOT 190/200 BUCS Got caught in crap part of gap and crap. Total loss. Must pay attention and set GTC profit targets.

Have a great weekend. All the beer talk has made me thirsty. @jeffcp66 enjoy the vacation. Climbing Mt Fuji
seems really cool. Is it a difficult climb?

AMZN iron condor

BTO 1900/1920 call spread for August 3

STO 1680/1700 put spread for August 3 for a total credit of 1.85

LRCX

BTO Aug 17 202.5 Call STO Aug 10 205 Call .62 #postearnings
Thx MamaCash, I hope

INTC post-earnings

BTO Aug10 strangle 48.5c/46.5p @ 1.23
http://tm.cmlviz.com/index.php?share_key=20180727191728_PiDZV3978mL6NHza
#postearnings

TQQQ

#ShortPuts – Re-loading a starter position.

Sold TQQQ DEC 21 2018 45.0 Put @ 2.61

I’ll be looking out to Jan at the 40 and lower strikes on any more weakness…

TSLA

#LongPuts #LongCalls #LongLEAPStraddles – It’s gonna be another crazy trip on Mr. Toad’s Wild Ride next week with earnings. I rolled these calls down a couple times this week collecting more premium but they didn’t quite get taken out. I’m rolling straight out for next week to give my ITM short puts some protection.

Rolled TSLA JUL 27 2018 290.0 Calls to AUG 3 2018 290.0 Calls @ 10.10 credit (32.10 total now)

Not bad when figuring the 2020 LEAP calls only cost 69.45 and basis already reduced to 51.61…

Doing some more DUSTing

Sold $DUST Mar 15 2019 40 calls @ 2.00. Highest strike.

TQQQ

#ShortPuts #IRA – Just noticed this from earlier. Clearing out a little more to make room for the next implosion…these are the post-split numbers.

Bought to Close TQQQ JAN 18 2019 18.33 Puts @ .15 (sold for 1.33)

PYPL closed long strangle Aug…

PYPL
closed long strangle Aug 3 87.5/93, bought for 1.77 y’day and STC for 2.66.
thanks MamCash!

SPX Put Spread

STO SPX 9/21/18 2670 puts

BTO SPX 9/21/18 2650 puts

BTO SPX 9/21/18 1300 puts

1.10 credit.

DOCU All righty I’m a…

DOCU All righty I’m a sucker. Try again here. Sold DOCU 8/18 50 Puts @ 1.15 when DOCU was at 53.70.

LRCX post-earnings

Bot LRCX Aug17 200c @ 1.92
After LRCX moves up 5% in one day in response to earnings, LRCX tends to continue moving up over the next few weeks. LRCX is also forming a daily squeeze which makes this trade even more compelling. http://tm.cmlviz.com/index.php?share_key=20180727180410_UAlqLy1UC9kr46Au

#post-earnings

I had many GOOGL BuPS…

I had many GOOGL BuPS went in the money. Once I closed the losing one, I opened next week one, multiplying the number of options by 1.5. This way I compensate the loss.

FAS Now this is startling….

FAS Now this is startling. Bought to close my 7/27 71 Calls @ .05. Sold long stock @ 70.60. A rare success for the week. Big sigh.

Here came the sharks, shaking…

Here came the sharks, shaking the market, got there millions and now drinking the champagne.

Adjustments going into the weekend

I’m not bearish but I’ve been flying high and long for a few weeks and ready to reduce exposure.

Flipped my pre-ER long calls to call debit spreads or closed for small loss/profit.
Sold my post-ER long puts for profit.
Closed the synthetic portion of half my fuzzies but kept the protective puts.
Hedged all fuzzies and diagonals.
Bought VXX ATM calls in Aug 3, 10, and 17 expirations.

I’ve been planning to be flattish to short for the rest of the summer after next week but decided to get started today with the elevated VIX. If VIX is at the high near the close, will add more hedges.

FB TWTR earnings…

#Earnings – Taking a total loss of $177 dollars in my iron fly lottery tickets. It’s amazing that not even a 4.1% GDP can overcome the power of the Fuzz….how many billions of dollars of market value have I wiped out in two days??

🙂

😦

ADSK

#LongCalls #LEAPS – Finally a pullback to get rid of a non ratio position. Selling next week minimally and ratio’d…

Bought to Close ADSK JUL 27 2018 135.0 Calls @ .01 (sold for 1.50)

Sold ADSK AUG 3 2018 133.0 Calls @ 1.20

ERX

Rolled my ERX 27 JUL 39 Call out to Aug 10 40 Call for 0.65 credit…With this roll CB now down to 38.69…assigned at 42.50 back on 5/26 #pietrade

INTC Jan puts

Sold $INTC Jan 18 2019 42 puts @ 1.11. Delta 21.

TWTR INTC

Anyone selling puts? I want to get in the pie trade biz but I need the underlying to be low-priced. My trading accounts are not so big; however, growing them to largess is a primary goal. lol.
#pietrades

#pietrade

#earnings One good, EXPE up…

#earnings

One good, EXPE up 10.40 so the 115 puts crushed to .025 and since I don’t have any other trades lined up at the moment will let it expire.

One bad, WDC down 5.61 now. I am short the 75 puts for next week. About $300 left in time value so will let that erode a little more and roll it next week.

Everything else looks like it will expire or call out as I posted yesterday.

Biotechs down today, LABU down big so it may be a potential trade for Monday. Also looking at SMH 21 DTE #pietrade and a few others but too busy to look more than that today. Will find some over the weekend.

Have a great weekend!

#closing #shortputs CVS, APPN, WHR…

#closing #shortputs CVS, APPN, WHR
CVS July 20 sold Nov. 16, 57.50 put for 1.41, bought today for .97
APPN July 13, sold Aug. 17, 30 put for 1.35 bought today for .90
WHR July 25, sold Jan. 100 put for 1.84 bought today for 1.34

BABA earnings

BABA moved earnings from 8/2 to 8/23 (three weeks out). Now confirmed.
We can’t say that @fuzzballl didn’t warn us. lol.
#earnings

Morning all

Doing a bit of damage control, adjustments.
Rolled MU 58 Put out to Aug 03rd 58 P for .20 credit
Early assigned 100 MU at 58. Sold Aug 17th 58 Call @ .85
Bought to close Roku 46 Call yesterday @ 3.20. Man was that a stupid move. Trying to cover it up. No takers
I’m thinking my FAS will be called away @ 71 unless…. Assigned a 67 on 6/30.
Small position in TWTR covered with 7/27 47 Calls. Painful none the less. Will be selling calls to get back to even.
Hope your day is going well.

NFLX

BTO Aug 3 350/355 Call 3.95 #supercharger Order in to close 4.70
GOOGL
BTO Aug 3 1242.50/1247.50 Call 4.00 #supercharger Order in to close 4.70

AMZN

Yesterday I bought the 1780/1790 call spread that expires today for 5.60 and sold it for 9.90 this morning. I could have just let it expire today but I will let someone else make the .10 cents. The market feels a bit uneasy today.

#earnings #closing #shortstrangles TWTR Yesterday…

#earnings #closing #shortstrangles TWTR
Yesterday sold Aug. 17, 35/50 strangle for 1.54, bought today for 1.38, TWTR down 17% into the 35s, maybe a #fallingknife trade in the future.

EA

The EA trade was bonehead yesterday. The long vol crush was 23%, it killed the trade. Lost $644, but I made $380 scalping 10 AMZN shares after hours last night, and took $350 profit from the BA trade this morning. On EA, the risk graph was just not showing the danger, but the vega level was the warning. In the future I will split the time frames for analysis and apply better vol crush to each one.

The backtester shows an almost 100% success rate on BA (5 year test) with this trade: 1. 45DTE 2. sell 10 delta put x 10 3. buy 30/20 delta put debit spread x 2 4. close/reset at 50% profit. So I will be placing this trade this morning on a rolling basis. I will probably do 5/1 on qty. Excuse the “mouse writing” on the pic.

BA

LABU roll

BTC August 24, 104 calls and STO August 31, 105 calls for a credit of .35 cents against my January 2020 115 calls. In the 2 months that I will have this trade on, I will have reduced my cost by 20%.

NFLX

STC Aug 3 340/345 #supercharger 4.66 BTO 7/24 3.90

SQ

STC 72.50 Call 3.00 BTO 7/26 2.06 #earnings
2nd Time, will look to re-enter on a pull back

NFLX
STC Jul 27 347.5/350.0 BuCS 2.49 BTO 7/23 2.00 #supercharger

#earnings #closing #shortputs CMG Yesterday…

#earnings #closing #shortputs CMG

Yesterday sold September 380/390 for 1.27, bought this morning for .45

Good Morning

Good Morning

Thanks to all that posted…

Thanks to all that posted a suggestion to my AMZN bull put spread. I learned a lot from each of you.

fuzzballl Is there a secret…

$fuzzballl
Is there a secret to getting back on track when a short call gets run over?
ERX as an example. It appears that every time I sell or roll a call against my 2020 Leaps the market takes off, glad these are ratio’s although the negative numbers keep adding up.

Expiration / Close SPX Campaign Early / Short Puts FB

#optionsexpiration #spxcampaign
$SPX 7/25 2725/2750 BUPS

#spxcampaign
$SPX BTC 8/3 2885/2860 BECS at 4.15 STO on 7/24 at 1.85. With GDP expected tomorrow at 4% I decided to close.

#shortputs
$FB STO 8/17 160/170 BUPS at 2.45 Thank you @ramie77
$FB STO 8/17 155/165 BUPS at 1.70

Taking it easy

Only trades today were GTC orders to close $BIIB July 27th 300/415 #Earnings strangle. Closed each side for .20; sold on Monday for 2.40.

Other than that, looks like I’ll be long more $FB stock tonight or over the weekend (a couple 197.5 puts and one 200 put).

I’m planning to execute few if any trades until August 9th. We are staying with my wife’s parents in Yokohama until then, and we’ll be touring the country and climbing Mt Fuji. On the 9th, we check in to a Tokyo AirBnB for another two weeks, and then I’ll start transitioning back into the job. We return to Portland on August 23rd.

Glad to have all your posts to read when I wake up! Let’s me know what’s happening out there.

GOOGL and MU

BTO GOOGL 10 AUG 18 1245/1250 BuCS @3.95 GTC order @4.70. Now have Aug 3 and Aug 10 positions. #supercharger

STO MU 3 AUG 18 52 PUT @.60. #pietrade

#fallingknife #closing #shortputs ALK Some…

#fallingknife #closing #shortputs ALK

Some airline stocks are skying today, including Alaska air up almost 10%, Tuesday I sold a January 50 put for 1.45, bought today for .80. Thanks @Iceman

#fallingknife MHK has decent premium…

#fallingknife
MHK has decent premium in Jan 140 @ 2.40
Any takers?

TWTR

#Earnings – OK…after this TWTR should be trading about 15 dollars tonight. 🙂

Sold 38.5/42.5/46.5 Iron Flies @ 3.27

Risking 73 to make 327 needing just slightly less than the expected move…

SPY Hedge

#Hedge – With the hedge subject being discussed here’s what I did based on last nights Theo Trade free update video. Playing SPY both ways for minimal cost but still very nice protection. He says max risk is what you paid for the position but it looks like there are small pockets of slightly greater risk if held all the way to expiration. I’m not 100 percent sure I’ve got the risk graph configured properly. I also moved the strikes up a little from the video.

Risk Twist

#earnings #shortputs CMG Sold Sept….

#earnings #shortputs CMG
Sold Sept. 19 380/390 for 1.27. CMG can move 50 points after earnings faster than you can be charged 4.50 for a small scoop of guacamole.

#earnings #shortstrangles TWTR Sold August…

#earnings #shortstrangles TWTR

Sold August 17, 35/50 strangle for 1.54, outside the expected move for tomorrow.

AMBA AZO ERX FAS OLED PYPL

#LongCalls #LEAPS – Some rolls and adjustments….these are all ratio’s except for AZO which is a trade repair from an old strangle that I’m working.

AMBA:
Bought to Close AMBA JUL 27 2018 41.0 Calls @ .05 (sold for .62)
Sold AMBA AUG 3 2018 40.5 Calls @ .50

AZO:
Rolled AZO JUL 27 2018 662.5 Call to AUG 10 2018 665.0 Call @ .31 debit

Stock was up big on ORLY earnings earlier. We know how that worked out last quarter 🙂

ERX:
Rolled ERX JUL 27 2018 37.5 Calls to AUG 3 2018 38.0 Calls @ .15 credit

FAS:
Rolled FAS JUL 27 2018 65.5 Calls to AUG 10 2018 66.0 Calls @ even

OLED:
Rolled OLED JUL 27 2018 91.5 Calls to AUG 17 2018 95.5 Calls @ .13 credit

PYPL:
Using the earnings weakness to roll and reduce the ratio. Should pay off on the next bounce…

Rolled PYPL JUL 27 2018 85.0 Calls to AUG 17 2018 85.5 Calls @ total debit of $75.00 (reduced from 8 to 7)

TQQQ

#ShortPuts #IRA – Clearing out a little more to make room for the next implosion…these are the post-split numbers.

Bought to Close TQQQ JAN 18 2019 16.67 Puts @ .15 (sold for 1.07)

#shortputs #pietrades T Sold Aug….

#shortputs #pietrades T
Sold Aug. 17, 30 put for .52, T is at 30.40 had drop after earnings.

Recent ALGN/LMT/BA trades

ALGN from yesterday is up $475.00 but the market makers make exit on this a little hard, so I need a little more to cover the exit slippage.
LMT: This is currently up $180, target around $250.
BA: This is currently up $284, target is $350 for closing.

What are the types hedge(s)…

What are the types of hedge(s) to protect a losing option(s). The ones to get while the market is open, and ones after the market close. A detail explanation would be great not for me but for our group.

PYPL

Opened first layer of PYPL post-ER. Bot Aug10 strangle 93c/87.5c @ 1.76. Historical data shows that PYPL makes a big move after earnings but is fickle about direction so we play both sides here.
#earnings

Well I’m still in the…

Well I’m still in the AMZN trade. It just will not close. Any other suggestions.

BIIB is down 10% (-$40)…

BIIB is down 10% (-$40) after their drug for treating Alzheimer did not show good results.

#optionsexpiration maybe, have 2 earnings…

#optionsexpiration maybe, have 2 earnings plays that may not cooperate after the close today.

#pietrades

MU 55 cc rolled yesterday for 0.44 credit. CB now 55.79. 2 more rolls should put it in the green. Decidied not to #fuzzy it yet since so close to breaking even.

WDC 75 expires next week. Earnings today. Up 1.23 to 76.87 as of this writing but has been bouncing around all day.

EXPE 115 put expires tomorrow. Earnings today. Currently at 127.38 but it can move much more than that on earnings.

FAS 65 CC will let assign tomorrow. cb 63.10 so 1.9 profit on each 1 lot.

TQQQ 59 cc will let assign tomorrow. 57.80 cb so 1.2 profit on each contract.

AMAT Lot 1 cc at 47 rolled to next week for 0.38 credit. cb now 50.17. A few more weeks should be able to scratch it.
Lot 2 47 CC rolled for 0.41 credit. Cb now 46.99 so in the green after the earnings play went south.

#fuzzy

XBI 87 Jan 2019 and next week 96.5 cost basis 9.72. Looking good at the moment but still a lot of time value in the short options so will roll next week or close for profit. In that case may re-establish new range.

Only made $708 total last week while on vacation but not bad for out having fun, the previous week was awesome so no complaints. But that confirms to me trading weeklies definitely brings in more cash if you are income trading than selling longer dated options. The weeklies also give faster compounding. However, I will be doing more 21 DTE #pietrades going forward, they need a lot less adjusting and my core account is finally big enough again to run 3 names for 3 weeks each.

On the smaller accounts (under 10k) mostly #fuzzy or variations.

UNP

After a failed short term #fuzzy #syntheticstock in Jan 18 with a loss of $144.00 per contract I tried for redemption in April 18 with a BTO Jan 20 135 call @18.45….With my previous loss rolled in and 92 weeks to go I needed $0.22 per week to cover…After 8 short call sales including 2 debit rolls and today touching negative delta I choose to close the position for a net gain of $178 per contract. Not earth shattering but I will take it.

QQQ

BTO QQQ Jul 27 179.5 put .73
insurance for a AMZN dump.

Sorry

EA Earnings

Ratio Straddle Time Spread
STO 143 Straddle @ 7.95 x8 BTO 143 Aug 3 straddle @ 8.83 x10. Sold 93% vol, bought 49% vol. Ave vol crush is 8% on EA.

#shortputs #earnings #shortstock FB I…

#shortputs #earnings #shortstock FB
I am short 100 shares of FB, assignment at 175 but a basis of 186 so I’m going to be happy even though I sold a 185 put that expires tomorrow.
Followed Ramie with a 160/170 Bups for 2.14, also sold Dec. 140/150 BuPS for 1.57

FB falling knife

Bot FB Aug3 175/180 cds @ 2.40. Looking for a dead cat bounce on FB.
#fallingknife

FYI LVS is down 5%

FYI
LVS is down 5%
EFX is down 4.5%

#fallingknives

FB puts

STO January 125 puts @1.33

STO January 120 puts @1.00

LABU

Rolled August 17, 103 calls to August 24, 104 calls for a credit of .35 cents.

AMZN earnings

Bot AMZN call fly Aug3 1850/1900/1960 @ 4.40 in two accounts to hold through earnings. Looking for a pin around 1900 after earnings but will take any profit I can get in the 1850 to 1960 range.
#earnings

AMZN

BTO august 3, 1820/1830 bull call spread at 5.00, I was too early on this one.

SQ

BTO Aug 3 72.5 Call 2.05
2nd trade #earnings

NVDA FB

#ShortPuts – Alright…my 52 dollar loss on the iron fly single handedly brought down FB (sorry Zuck!). 🙂

Had to book an NVDA position to make room for a new FB. Was considering doing it before earnings anyway.

Bought to Close NVDA SEP 21 2018 175.0 Put @ .40 (sold for 4.90)

Sold FB JAN 18 2019 155.0 Put @ 5.50 (a little early)

#shortcalls FB BTC Aug 17…

#shortcalls

FB BTC Aug 17 225/235 for 0.10, sold yesterday for $2.20, thank you SMM

CAT

STC Aug 3 145 Calls 1.85 BTO 7/12 1.55 #Earnings
Thx MamaCash

FB trades

Sold
$FB Aug 17 170/160 BuPS @ 2.20
$FB Dec 21 150 puts @ 3.70
Thanks Iceman for the 150 strike idea. I doubt it gets there but it would be a great level to buy long term shares. I may go higher today.

Good Morning

Good Morning

good morning – need advice…

good morning – need advice on a trade in AMZN – I have the Jul 27 1685/1680 bull put spread expiring Friday. My options are to close for a loss, roll it out to Aug 31 for .27 credit, or ???? Thanks!

Efficiency of capital round 3…

Efficiency of capital round 3 or 6, lost count.

While sitting in airports and riding in the plane was thinking about how to improve #pietrades and any trade you were assigned. Here is what might work, may convert MU tomorrow to see how it works.

1. set up weekly ladders, 21 DTE seems to be ideal except going into earnings. EXPE and WDC are holding most of its time value right up until tomorrow. Less chance of getting assigned, easier to adjust farther out, more premium for strikes OTM. Also they decay quickly enough you can usually roll in 1-2 weeks if they stay OTM.

2. If put deep ITM better to take assignment and convert to covered calls.

3. However, instead of taking the stock long term like I did with GM (22 weeks), may be better to sell the stock at a loss and reset to a #fuzzy using a calendar or lower strike call. Then you are in the trade longer term, cost basis goes up, but the big advantage is you free up a ton of margin to use on more profitable trades. Then just a matter of recovering the initial loss and working the LEAPs down to cost basis of zero.

I may try this as a long term experiment with MU tomorrow, close to break even on cost basis but want to keep collecting MU premiums but would rather not hold the stock for 24 months. This is how I recovered a 17 point drop in SWKS so I know it works. My only concern is could end up with a bunch of #fuzzies when what I really want is #pietrades. However, once profitable could close out the #fuzzy and reset.

Will keep everyone posted.

Greetings from Yokohama

After 24 hours of travel I was NOT staying up for a 10:30pm market open, so I set up a few orders and slept through the night.

Sold strangles on $FB #Earnings… 197.5/230, fortunately small in size!
Closed $EOG #PreEarnings trade for almost a double.
Closed my final $SPX spreads for profit. Now flat in $SPX for first time in 3 years.

Boom… sputter

Today was a fun and busy day. Looks like tomorrow will just be a busy day.:-)

STC EA pre-ER for small loss. Second pre-ER loser this quarter. GOOGL was the first.
STC CAT pre-ER Aug3 140c @ 3.80 for 58% profit. Bot @ 2.40. Third and last round of CAT
STC SHOP pre-ER Aug3 180c @ 4.40 for 42%. Bot @ 3.10 ydy. Third round of SHOP pre-ER
Rolled BABA Aug10 calls down to 35d twice collecting $1552 profit.

BTO BABA pre-ER Aug3 202.5 @ 1.46. Third round of BABA pre-ER
BTO WYNN pre-ER Aug3 167.5c @ 3.60. Fourth round of WYNN pre-ER
BTO LRCX strangle Aug3 175c/167.5p @7.37. Will hold through earnings for a pop or drop.
BTO CHKP post-ER based on reaction to earnings. Aug17 120c @ .85
BTO GRUB post-ER trade Aug10 140c @ 2. Will buy more layers if pullbacks.

#earnings
#preearnings

Gradually catching up and easing…

Gradually catching up and easing back into trading from vacation.

Only a single roll today. More to follow tomorrow or Friday.
#pietrade MU rolled the 55 call out next week for 0.44 credit. Cost basis is now 55.79.

Tomorrow will have EXPE, WDC or not depending on earnings response.
AMAT, TQQQ, FAS, XBI, and second batch of AMAT.

Hope everyone had a good week.

@smasty160 is right, weather was awesome except for the 104° day but even that did not feel hot compared to east coast.