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.
Stocks down after hours
BIIB – $43
TQQQ – $4
TWTR – $3
PYPL – $5
trying to place a post please let me know if it appears previous attempts have failed
#Earnings – Just for the heck of it….
Sold 212.5/217.5/222.5 Iron Flies @ 4.48
Risk 52 to make 448 but need half the expected move…low risk with low probability.
@mortlightman
Just took CAT profits. I’ll post details later but almost a double.
Sold GOOGL Jul27 1240/1250 BuCS (aka supercharger) @ 9.40 for 20% profit. Bot @ 7.79.
GOOGL has been a gravy train in the Bistro today.:-)
#supercharger
Closed Early
#longcalls
$GOOGL STC 7/27 1230/1260 BUCS at $27 BTO 6/21 at 6.80
#shortputs
$AVGO BTC 8/17 195/210 BUPS at 1.00 STO at 4.85
$AVGO BTC 8/17 180/190 BUPS at .15 STO at 1.50
Trade
#shortcalls
$FB STO 7/27 230 calls at .90. Sold against 190 LEAPS
$EXAS STO 8/3 65 calls at 2.65 (Covered)
GOOGL #Supercharger
Opened this morning, closed just now for .30 gain, $300, 4.40. Just wanted to take the present of a nice one day profit before a big tech night.
STO Sep 270 put @1.40 x9, BTO 370/360 Put Debit Spread @ 3.70 x1, BTO 320/310 Put debit spread @1.25 x 2. Break even: 266, 30% from spot.
STC Jul 27 1240/1245 4.73 #Fuzzy BTO 7/24 4.00
STO January 220 puts @ 1.65
NOC is down 6%
250 strike has decent premium in Nov and Jan
BTO Aug 10 51 call 2.27 #earningstrade
Thx Fuzzball
Opened some SPX Fri/Mon calendars 2 call x 1 put. Bot Jul 27/30 2840 call cal @ 1.60 x 2 to take advantage of the current bubbly (bid) in the market. Bot Jul27/30 2810 put cal @ 1.75 x 1 for protection against an earnings or trade war catastrophe.
STC 27 JUL 1235/1240 BuCS @4.70 with stock @1267.55…BTO 7/24 @4.00….Thanks MamaCash
#supercharger
STC Aug 3 73 call 2.60 BTO 7/23 2.14 will look to re-enter on a pull back
Thx MamaCash
#shortputspread AVGO
Sold August 17, 210/215 for 1.00, earnings Aug. 20, Broadcom appears to be coming back from a big drop 2 weeks ago.
My last two earnings trades in LMT and BA are looking fine. They are theta duration trades now.
GOOGL: #supercharger BTO Aug 3 1230 STO Aug 3 1235 for $4.10, target $4.55
GRUB: #StairStep STO Sep 21 100 put @.70 x10, BTO 115/110 put debit spread @1.05 x 2, break even: $98.50. Plan to roll the 100 puts to 105 to collect more premium.
Sold BABA Aug3 192.5c @ 4.60. Bot @ 2 ydy.
Bot BABA Aug3 197.5c @ 2.07 using half of the profits for a third round of pre-ER. BABA is rivaling LMT for 1st place in terms of profits on this quarter’s pre-ER trades.
#preearnings
Sold SHOP Aug3 180c @ 4.40 for 42% profit. Bot @ 3.10 ydy. Third round of SHOP pre-ER.
#preearnings
Hey Mama….how does ROKU look for an earnings runup play? I’m guessing yesterday would’ve been better. We’re about 2 weeks out now.
Adding some fuzzy layers on today’s “sort of” weakness. No hedges yet may add after earnings frenzy or close for profit.
Bot DIA fuzzy Aug24 252c/-252p/249p @ 1.82.
Bot SPY fuzzy Aug24 282c/-282p/279p @ 2.10
Bot QQQ fuzzy Aug24 181c/-181p/178p @ 1.99
#fuzzy
Sold EOG Aug3 128c @ 2.30 for 130% profit. Bot @ 1. This is second round of pre-ER.
#preearnings
#earningsrunup
STO November 160 puts @ 2.40
#shortputs #closing #fallingknife HA
June 12, sold October, 32 put for 1.12, bought today for .45
DBX #Coveredcalls Sold Aug 03rd 33 Calls for .30 with stock at 30.89.
BTO Sep 21 119C 119/117 BuPS #Fuzzy 2.50
Thx MamaCash
Avoiding #earnings #rolling #shortputs WDC
July 9, sold 76 put for 1.23, rolled to September, 75 put for .92, earnings are July 26, WDC down a little over a dollar to 75 and change today.
#spxcampaign
$SPX STO 8/3 2885/2860 BECS at 1.85
ROKU #Coveredcalls With ROKU down at the 20dma and possibly poised to go lower I bought to close my 7/27 50 calls @ .15, originally sold for 1.15 and sold the 7/27 46 calls @ 1.18. My original entry on the stock was 46 back on 6/30 from an assignment. I will probably take assignment here if it happens and look to sell Puts lower down on the food chain.
BTC August 10, 102 calls and STO August 17, 103 calls for a credit of .30 cents
Due to low IV, I’m moving to fuzzies for my core trades. On Friday, I closed my ratio trades: DIA FAS IWM PANW RHT SSO TQQQ TWTR XLY all for profit except TWTR. I was able to roll long call deltas down multiple times to collect income on most of these trades. It was a good run in July.
Opened new fuzzies yesterday, Aug24 expiration: DIA, IBB, IWM, QQQ, and SPY. Will reset these positions when core is double the debit paid.
Life is busy so not posting the specifics of all these trades. Most of you know the drill on income trades better than I do. Questions? Please ask.
STO Sep 310 put @2.06 x5
BTO Sep 340/325 put debit spread @3.33 x1
BTO jul 27 330 p @ .44 x 3
This is a similar trade to LMT yesterday, but resolves the T+1 line drop. If there is a radical drop in BA the breakeven due to the extra Jul 27 puts is all the way down to 276, 23% down from spot.
I’m honestly not entirely sure how this will really play out…I’ll report on it!
BTC 2 ea Aug 24th 2680 short puts, at $6.40…Prev sold at 16.50
gain at 60%
STO aug 24th 2725 short puts against teh long side from above, at $9.35
TQQQ bought to close my 7/27 63 Put @ .25. Sold 7/19 @ 1.05. Will reload at a better entry
#LongCalls #LEAPS – Trading around this one again. Looking to reduce some of my positions so booking some profits. It was a 3×2 ratio so taking it off on the bounce today.
Sold to Close TQQQ JAN 17 2020 60.0 Calls
Bought to Close TQQQ AUG 3 2018 57.5 Calls
All said and done a 1.49 winner on the 3 lot. A great year in TQQQ so far…
Now the post-earnings fun begins. When GOOGL rallies 3% or more after earnings, it’s very likely to continue moving up for the next 2 to 4 weeks. Historical patterns. I love them.
Bot GOOGL Jul27 1240/1250 BuCS @ 7.79. GTC order to sell @ 9.40
Adjustment plan: If GOOGL moves below 1250 on a close, I will roll my short call up to transform this trade into a BeCS or add a call credit spread to create a fly. Thanks @smasty160!
#supercharger
#Earnings #ShortStock. In LAX for our connecting flight to Tokyo. Closed the second half of the $SNA short stock for 166.89. Assigned Friday at 170… closed half yesterday for breakeven, but this second lot turns it into a higher profit trade than originally expected. Nice drop on an otherwise strong day for the market.
#assignment TWTR
Way back in 2014 when I had no idea what I was doing and was losing money being so called “mentored” in options, (but mostly mentored in self promotion) I was assigned 300 shares of TWTR, 200 at 30 and 100 at 32 and down it went from there, this was a decent percentage of my account at that time as well. I sold a lot of options trying to dig out over the years. I only had 1 call sold when it popped in February so I sold 200 shares and rolled a 25 call to July. The shares were called away of course, ending the TWTR saga. All in all I made $64 on TWTR! Maybe not the best use of capital but I didn’t lose any of that money as I was learning, still learning thanks to the gang here. Let’s see, TWTR earnings are Friday hmmmm
As mentioned earlier, I take profits on these trades on big green days.
Out last round of BA for 10%
Out CAT, INTC, and SHOP for 40% profit
Out 60% of EOG for 50% profit
Out BABA for 115% profit (held less than 24 hours)
Out WYNN, the struggler, for average profit of 15%
Still in AET, EA, EOG, TTWO. Watching several for a second round and watching AZO, ADSK, and CRM for a first round.
#preearnings
#earningsrunup
STO December 105 puts @1.35
EOG Sold 1 of my 3 long calls @ 1.55.
BTC September 65 puts @.10 cents, sold at 1.35, Why wait another 8 weeks for 10 cents.
Good Morning
Good morning- does anyone have a suggestion for learning ratio back spreads and how to use them for earnings?
BTC September 45 puts @ .05, sold at 1.08
#shortcalls
$FSLR STO 7/27 55 calls at 1.35 (covered)
#shortcalls
$TRTN BTC 10/19 40 calls at .20 STO 3/22 at 2.01 Thank you @thomberg1201
#shortputs
$ALRM STO 8/17 40 put at .70
$EXAS STO 7/27 68 put at 2.20
Taking the 80% now.
Bought to close $UVXY Jan 17 2020 33 call @ 2.00. Sold for 10.00 on 11/15/17.
Bought to close $GUSH Aug 17 55 calls @ .15. Sold for 1.10 on 7/6.
#spxcampaign
$SPX BTC 7/25 2855/2830 BECS at .40 STO on 7/16 at 2.25 Thank you @jeffcp66
$SPX BTC 8/3 2575/2625 BUPS at .40 STO on 6/29 at 5.00 Thank you @hcgdavis
IQ STO 7/27/18 31.0 PUTS @.50
ROKU STO 7/27/18 51.5 CALLS @.52 A same expiration roll our of my 53.5 calls that I btc earlier for a .35 credit.
#shortcalls
$AAXN STO 8/17 80 calls at 2.25 (covered)
$TWTR STO 7/27 45 calls at 1.90 (covered)
#shortputs
$KEM STO 8/17 27 puts at 1.10
$AAXN STO 8/17 65 puts at 1.45
#longcalls
$AET BTO 8/3 190 calls at 1.75 Thank you @kathycon
#PreEarnings Sold to close $LMT July 27th long 330 calls for .85. Bought for 1.40 last week. Small loss on this batch, but with previous call spreads included I netted 5.90 profit on multiple spreads in multiple accounts. Thanks for leading the way, MamaCash!
#SPXcampaign Closed $SPX July 25th 2750/2725 put spreads for .20. Sold for 4.50 on July 11th.
#Earnings #ShortStock Covering $SNA short stock, assigned at 170 on Friday. I have covered half, buying to close at 171.40, which makes that batch breakeven since the earnings strangle was sold for 1.40.
Leaving the rest for hopefully lower prices.
STO December 55 puts @ 1.70
#Earnings Sold $BIIB July 27th 300/415 strangles for 2.40.
FIVE-DAY MOVES: Biggest UP move: 9.5%, Biggest DOWN move: -16.9%, Average move: 5.7%. These strikes are +15.9% and -16.2% OTM.
#LongCalls #LEAPS – Well that didn’t take long….negative deltas for a second time so booking it. Sold first batches of weekly calls aggressively and non-ratio’d just in case there was no bounce. Since it got the bounce I’ll take the quick 10 day winner.
Sold to Close AVGO JAN 17 2020 210.0 Calls
Bought to Close AVGO AUG 3 2018 212.5 Calls
3.45 winner on a big ‘ol 2 lot…
IQ STO 7/27/18 34.0 CALLS @.70 ntm Will buy stock to cover if necessary.
Rolled July 27 55 calls to August 3, 55 calls for a credit of .15 cents. I was not able to pick up a better strike price this time but did get some premium. We need a correction.
#shortputs #fallingknife
FYI
NTGR down 10%
PZZA down 8%
SXT down 8%
LII down 4%
Bought to close $AVGO Aug 17 200/190 BuPS @ .65. Sold for 2.33 on 7/17.
#BuPS AVGO BTO 7/27/18 210.0 PUTS @.65
AVGO STO 7/27/18 215.0 PUTS @2.07
Hi Mr. T. ;>)
STO Sep 280 put @1.35 x5
BTO Sep 305/295 put debit spread @2.12 x 1
Break even: 277.08 13.3% down from spot, 5x expected move
The intent of this trade is to capture potential earnings pops from the top components in IBB.
Bot IBB Sep21 119c/-119p/116p @ 2.26. Unhinged.:-) First layer.
TNDM BTO STOCK @27.60 & 27.82
Added a few more small pre-earnings positions. After this week, watching AZO, ADSK, and CRM.
Bot CAT Aug3 139c @ 2.45
Bot BABA Aug3 190c @ 1.95
Bot AET Aug3 190c @ 2.10 (wide bid-ask so riskier trade but good historical pattern)
#preearnings
#earningsrunup
Took five small long positions in GOOG for pre earnings momentum. Closed the last three today for a loss. Date shown is when I entered the trade. All were Jul27 expiry.
Jul2, Call credit spread, 10%
Jul2, Call credit spread, 27%
Jul2, Call credit spread, -35%
Jul9, Call credit spread, -35%
Jul12, Put credit spread, -11%
Sold $SWKS Sep 21 85 puts @ 1.20. Delta 18. Strike is below the May lows.
#LongCalls #LEAPS – Reaching negative deltas so rolling out and up. Negative deltas a second time and I’ll book it as a short term win.
Rolled AVGO JUL 27 2018 210.0 Calls to AUG 3 2018 212.5 Calls @ .15 debit
Sold $HAL Jan 18 2019 38 puts @ 1.49
#FallingKnife
Did well on Friday selling numerous BeCS, only the 360/405 got me called away naked shares. Today I bought half pre-market 359.50 with a follow-up order for the remainder at 358.50 which executed within 5 minutes of open. Price dipped to 353.60 before recovery to 360 presently.
$SQ Sold my long Aug 3rd Calls at 2.66. I had raised my stop/alert to 2.80 after the bounce last Friday. Maybe too tight on the stop.
$NVDA Closed my #Supercharger @ 6.35 with NVDA @ 243.57 . Hit my alert at 6.50. Entered at 7.50. I may reenter nearer the end of the day. See how things go.
Be sure to periodically click Home/REFRESH to keep Bistro features updated.
#LongPuts #LongCalls #LongLEAPStraddles – Another fill on Friday while I was out….a call side roll still prior to earnings…
Rolled TSLA Jul 20 2018 315.0 Calls to Jul 27 2018 315.0 Calls @ 6.15 credit (11.80 total now)
Options Bistro 