AMZN
gives this opportunity: STO IC 1710/1730/1850/1852.5 with a premium of 4.16 and expiration Jul27. Besides of the issue of Earnings before expiration, anything wrong with this?
Category Archives: Uncategorized
GOOGL
STC 20 JUL 1170/1175 BuCS @4.70…BTO 7/12 @ 4.00 #supercharger
Low VIX
#VIXIndicator Lowest intra-day VIX level since 6/15 (excluding pre-market spikes).
DUST–adding Jan
Sold $DUST Jan 18 2019 40 calls @ 1.25
NFLX put closed
#Earnings Closed 1 of my 3 $NFLX July 20th 360 puts for breakeven, 3.40 (covering commissions). I’ll leave the other two.
Looking to close my 360/350 spread for breakeven or small profit, too. The spreads are in smaller accounts and don’t want to risk full loss if NFLX peters out and reverses down.
EOG earnings momentum
EOG earnings momentum
Bot EOG Aug3 128c @ 1.49 x3 using a 16/1 custom setup. Will add more on pullbacks.
http://tm.cmlviz.com/index.php?share_key=20180717154145_XFW5sKDzPilfg84I
16/1 setup = Enter 16 days before earnings. Exit one day before earnings. Pick an option expiration that covers the earnings report date. Choose a long call with the delta that gives the best results based on historical data. Standard setups in CML are 3/1, 7/1, and 14/1. Standard delta is 40.
CELG
#LongCalls – The experiment is winding down…adding another little bull put spread for some help. Still would like it back closer to 85 but risk is capped at 86. Looking like it will be an overall small loser but with earnings next week I may try one more trade to get even…LOL
Sold CELG JUL 20 2018 84.5/82.5 Bull Put Spreads @ .27
AZO supercharger closed
#SuperCharger Sold to close $AZO July 20th 660/670 bull call spread for 9.75. This was purchased last Wednesday for 7.39 as an ITM long call spread. Thanks to MamaCash for the idea!
I am looking to do it again, but could use a bit of downward action in the stock. Looking at an ITM spread for August 3rd expiry.
AVGO put spread
Sold $AVGO Aug 17 200/190 BuPS @ 2.33. Delta of short strike is 33.
Pre-earnings update
Many of my pre-ER trades hit exit date or closed for target profit while I was away.
INFY 5%, ABT 40%, ASML 40%, AMZN 40%, MSFT 40%, LMT 72% (3rd round).
Converted NFLX BUCS to IC yesterday and closed put side today for 20% profit on IC position.
Still trading CAT, CHKP, GOOGL, INTC, LMT, MA, SHOP, SPOT and WYNN. Added a layer of INTC and a new round of LMT today on the pullback.
INTC LMT SPX
Pre-ER. Bot INTC Jul27 53c @ .66
Pre-ER. Bot LMT Jul27 330c @ 1.85
Bot SPX Jul20/23 2815 call calendar @ 1.35
Bot SPX Jul20/23 275 put calendar @ 1.40
NFLX put spread
Sold $NFLX Aug 17 325/315 BuPS @ 2.00
SPX Campaign / Long SPOT / Closed BA Early
#spxcampaign$SPX STO 7/25 2855/2830 BECS at 2.25 Thank you @jeffcp66
#longcalls
$SPOT BTO 7/27 190/200 BUCS at 2.80 Thank you @kathycon Run SPOT Run!
Closed Early
#shortputs
$BA BTC 7/20 325/335 BUPS at .30 STO at 1.40 Thank you @ramie77 Closed half my position
NFLX
glad I closed IC
Down big
Thx Jeff for the heads up
NFLX
At this pace a Jan 250 strike will be pushing 8 bucks tomorrow…
EDIT….oops was looking at Jun
#pietrades Not a trade, pie…
#pietrades Not a trade, pie or anything else. This is a back door so I can post. When I call up OB, I don’t get a space to post, that’s why I haven’t posted in a while. I just get the posts, which I get in my mail. How do I overcome this so I can start posting my great trades, ;>) , again. Honk, Honk
#fallingknife FYI 9% drop in…
FYI
9% drop in ADS
High premium in Dec and Jan
MRVL pre-earnings
#PreEarnings This one has had a tendency to drift higher into earnings. Low-priced stock so the 37-delta options are cheap. Earnings estimated Aug 23-30, so I have room to roll once or twice.
Bought to Open $MRVL Aug 10th 22 calls for .45.
#spycraft What do the IC…
What do the IC or SPX traders think of this opportunity:
Sell Jul 16 2795/2800/2805 for $3.40. The risk is $1.60 with relatively large cushion. It seems attractive to me but I have little experience with IC’s.
edit: Present price 2799 +/- with price mid-point varying 3.30 to 3.50.
Covered Calls
#CoveredCallCampaign Had a couple calls breached so I exited on the intraday pullbacks. Will look to re-enter OLED but probably leave the other two until earnings.
BTC $AAPL July 27th 192.5 call for 1.95. Sold for 1.55 on July 2.
BTC $SQ July 27th 68 call for 1.70. Sold for 1.53 on July 6.
BTC $OLED July 27th 97 call for 2.15. Sold last Thursday for 1.50.
Also:
Closed on GTC order: $BABA July 27th 205 call for .16. Sold for 1.57 on June 28th.
Taking off some BIIB
Bought to close $BIIB Oct 19 240 puts @ .65. Sold for 3.60 on 6/18.
Closing BA
Bought to close $BA Jun 20 335/325 BuPS @ .20. Sold for 1.53 on 6/18.
TNA
#LongCalls #LEAPS – Using today’s pullback to book another one of my non-ratio positions. I’ll definitely be looking to reset on some more weakness….
Bought to Close TNA JUL 20 2018 81.0 Calls
Sold to Close TNA JAN 17 2020 80.0 Calls
All said and done made 1.02 per contract on a 7 lot. LEAPS were up about 12 points but blocked by the weekly sales almost from the beginning. 😦
JBHT Post-earnings
Crazy red candle after the stock gapped at the open to around 130. Now at 117.18 and looks to have found some buying at the 200 day moving average. I’m thinking support will hold and the stock will stay above its lows in April (108-109) and Nov of last year (100).
Sold $JBHT Nov 16 100 puts @ 1.45. Delta 14.
NFLX
BTC IC 445/450 360/355 1.49 sold 7/2 @ 1.97 Jeff made me a bit more cautious
NFLX earnings
#Earnings I sold $NFLX July 20th 360 puts last week, avg price 4.07.
Looking at the stock’s move over the last 12 quarters, with the stock right now at 400, its
ONE-DAY max UP move would take us to 476.08 (19.0%), max DOWN move would take us to 347.52 (-13.1%)
FIVE-DAY max UP move would take us to 511.00 (27.8%), while max DOWN move is the same, 347.52.
I may sell 475 calls if I can get a buck or more.
GOOGL
BTO Jul 27 1150/1152.50 1.90 #supercharger
Hello!
Hey everyone, my dad has been having some serious health issues where I’ve found myself called to the hospital on a moment’s notice, a couple times. So my trading is more position-oriented now, less active, longer term focus, until I get past this. I’m still trying to read everyone’s posts as I can! I was sad to miss the 3-in-5 trigger a week ago.
Sue
Econ Calendar for week of 7/16/18
Be sure to periodically click Home/REFRESH to keep Bistro features updated.
Notable Earnings AM Mon:
BAC, BLK
Notable Earnings PM Mon:
NFLX
Notable Earnings AM Tues:
CMA, FHN, GS, JNJ, NSM, MC, PGR, PLD, SCHW, UNH
Notable Earnings PM Tues:
CSX, FNF, FULT, HOPE, HWC, IBKR, MLNX, PNFP, UAL, WTFC
Notable Earnings AM Wed:
ABT, ASML, GWW, MS, MTB, MTG, NTRS, NVS, TXT, USB
Notable Earnings PM Wed:
AA, AXP, BXS, CCI, CCK, EBAY, IBM, PTC, SLG, TCBI, UMPQ, URI
Notable Earnings AM Thurs:
ABB, ADS, BBT, BK, BX, DHR, DOV, DPZ, EWBC, FITB, GPC, HOMB, KEY, NUE, PM, PPG, RPM, SAP, SNA, TRV, TTS, UNP, WBC, WBS
Notable Earnings PM Thurs:
ASB, BDN, CE, COF, ETFC, ISRG, MSFT, PBCT, SEIC, SKX, SWKS, WAL
Notable Earnings AM Fri:
BHGE, CFG, CLF, GE, GNTX, HON, KSU, MAN, RF, SLB, STI, STT, SWK
Notable Earnings PM Fri:
None
Expiration and Trades
#optionsexpiration
$ROKU Stock taken away at 47.50 Basis 42.60
$TQQQ 60 puts
$AMZN 1600/1620 BUPS
$SPX 2625/2650 BUPS Thank you @jeffcp66
#bitty
$WYNN 167.50/172.50 Lost Max
Catching up on posting
#shortputs
$GOOGL STO 7/23 1105/1115 BUPS at .95
$AVGO STO 8/17 195/210 BUPS at 4.85
$ IQ STO 8/17 35 put at 5.00
$IQ STO 7/20 30 put at .62
$TNDM BTC 7/20 17.5 calls at .10 STO at 1.40
#spxcampaign
$SPX STO 7/25 2725/2750 BUPS at 2.25 Thank you @jeffcp66
#longcalls
$IQ BTO 8/17 35 calls at 3.60
Closed Early
$TSLA BTC 7/20 270/280 BUPS at 80% of max profit Thank you @ramie77
Afternoon all
Just 1 expiring
TWTR 45.50 calls
Rolled everything else earlier.
Have a great weekend.
#shortputs #closing #rolling FEYE March…
#shortputs #closing #rolling FEYE
March 16 sold an April 20, 17 put for .43, rotten timing, rolled 5 times, closed today for a gain of .67, still have 300 underwater assigned shares from a few years ago
#spycampaign Sell more BeCS 2805/2820…
Sell more BeCS 2805/2820 for 0.40
also BeCS 2815/2825 for 0.25 SPX 2800.47 now
I plan to add a BuPS 2795/2780 when it approaches $1, now 0.70
CSCO is down 4% on…
CSCO is down 4% on news
ADSK FAS GLD NVDA OLED
#LongCalls #LEAPS – Another week….luckily these are ratioed so making a little bit on the run up. Did a little rolling but still keeping some downside room.
ADSK: (selling against short puts and long LEAPS)
Rolled ADSK JUL 13 2018 133.0 Calls to JUL 27 2018 135.0 Calls @ .48 credit
FAS:
Rolled FAS JUL 13 2018 64.5 Calls to JUL 27 2018 65.5 Calls @ .39 credit
Added one as well. Still little to no upside risk…
Sold FAS JUL 27 2018 65.5 Call @ 2.54
GLD:
Bought to Close GLD JUL 13 2018 119.0 Calls @ .01 (sold for .78)
And on the little bounce a couple days ago:
Sold GLD JUL 20 2018 118.5 Calls @ .44
NVDA:
Rolled NVDA JUL 13 2018 245.0 Call to JUL 20 2018 247.5 Call @ .35 credit
OLED:
Rolled OLED JUL 13 2018 90.0 Calls to JUL 27 2018 91.5 Calls @ .15 credit
Waiting to see how the AMAT 46 calls turn out and that’s it for this week…
FAS #Coveredcalls Rolled my July…
FAS #Coveredcalls Rolled my July 13th Calls out and up to July 20th 67.50 for 0.15 credit. This strike is one step above my original assignment price of 67.
#fallingknife ANET Arista down 5%
#fallingknife ANET
Arista down 5%
SPX trades
#SPXcampaign Closed $SPX July 20th 2685/2660 put spreads for .25. Sold in a #CondorRoll last week. The call side was stopped earlier this week. Rolled half of that into a put spread on Tuesday, and now the second half into this:
#Rolling. Sold $SPX July 25th 2830/2855 call spreads for 4.35.
So I’m presuming we will stall or pullback from here. We’ll see if I’m wrong next week!
RH bummer
#Earnings #Rolling. I was looking for a gap fill on this, and mostly got it, but instead of exiting when I should have, I’m getting torn up today, adding to the depth of the hole. Trades on this one never go smoothly for me.
Buying to close $RH July 20th 120 call for 18.55-19.80. I’ll pay more for the remainder if I can’t get more pullback.
Sold for 12.40 last week. Could have gotten out for 8-9 dollars earlier this week. Came close to doing it but decided to wait. This morning’s huge rally slammed me.
Not sure what I will do to get back. I may just sell strangles, a bit at a time.
LABU
Rolled August 3, 101 calls to August 10, 102 calls for a credit of .11 cents.
AVGO
#LongCalls #LEAPS – New position…non-ratio 2×2 that I’ll roll immediately if deltas become negative. I’m guessing it grinds around down here or possibly drifts lower into earnings…
Bought AVGO JAN 17 2020 210.0 Calls @ 27.50
Sold AVGO JUL 20 2018 212.5 Calls @ 2.20
2800, hello again
#Markets First time hitting 2800 since March 13th.
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – Re-loading the call side…
Bought to Close TSLA JUL 13 2018 320.0 Calls @ .12 and .14 (sold for 4.21)
Sold TSLA JUL 20 2018 315.0 Calls @ 5.65 and 5.39
ROKU #Coveredcall Rolled my 47…
ROKU #Coveredcall Rolled my 47 Calls out and up to July 27th 50 Calls for .12 debit when ROKU was at 48.17.
And 2 minutes later it rockets off. Such timing have I.
#spycampaign STO Jul 13 2820/2825…
STO Jul 13 2820/2825 BeCS for 0.40cr. Sold when 2810 was R2, delta 0.09, it has gone up since. I may add to position.
AVGO
#ShortPuts #IRA – It would be a decent dividend down here with pretty good call premium on top of that. Starter position…
Sold AVGO JAN 18 2019 170.0 Put @ 5.00
NFLX, adding
#Earnings Sold another $NFLX July 20th 360 put for 4.00, adding to the ones sold for 3.25 yesterday.
In smaller accounts, sold NFLX July 20th 360/350 put spreads for 1.70.
AMAT roll & PYPL rolls
#PieTrades On Tuesday’s down open, I closed $AMAT July 13th 46 #CoveredCall for .57. Sold for .70 last week. It had been ITM so the pullback helped, and I planned to sell the new one on the bounce.
Took a couple days for the bounce!
Today, sold AMAT July 20th 46 call for .75.
#LEAPs #SyntheticCoveredCalls
Stopped $PYPL July 20th 87 calls for 2.16 and 88 calls for 1.50.
Sold July 20th 87.5 puts for 1.10 and 1.35.
Earnings on July 25th. I believe this one will consolidate or run higher from here into earnings. If it surges I may try to squeeze in some more short calls, or just wait for an earnings strangle.
LMT pre-earnings closed
#PreEarnings #Earnings
STC LMT 320 23 JUL 2018 @5.10. BTO at $3.20 yesterday
WFC
STO January 50 puts @1.45
STO January 45 puts @ .60
LMT pre-earnings closed
#PreEarnings #Earnings Sold to close $LMT July 27th 317.5 calls for 6.85. Bought for 2.40 on Tuesday. Adding the first round, that’s 6.45 profit in this one… thanks MamaCash for finding us this ticker! May try for another round on a pullback.
LB Falling Knife
Extending my put ladder to Nov on this #FallingKnife.
Sold $LB Nov 16 27.50 puts @ 1.10.
TQQQ #ShortPut bought to close…
TQQQ #ShortPut bought to close July 20th 60 Put @ .40 when TQQQ hit 64.80. Sold 7/11 for 1.00. I’m debating the wisdom of selling the 7/20 62 or 63 with TQQQ at the top of the channel and NDX at ATH. Best to wait or find something else.
#shortputspread #earnings NFLX Sold Sept….
#shortputspread #earnings NFLX
Sold Sept. 350/360 put spread for 2.20
Closing INTC
Taking this off into strength. Bought to close $INTC Jul 20 50 puts @ .18. Sold for .54 on 6/18. I was fully expecting to take assignment on this (it was around 48-49 just 2 weeks ago). Getting lucky on the timing of the up move so I’m taking advantage.
#fallingknife FYI AVGO is down…
FYI
AVGO is down 14%
LB down 10%
GOOGL
STC GOOGL 20 JUL 1140/1145 BuCs @4.70…BTO 7/10 @3.95 #supercharger
Thanks to @hcgdavis and @kathycon this has become my go to strategy for now…:)
#pietrades Rolling everything out 2…
Rolling everything out 2 weeks for vacation 🙂
Some of these are still open positions.
MU 55 call rolled out 2 weeks for 1.27 credit. Cost basis 56.23. Another 2 rolls should bring profit.
WDC 8/3 75 put was sold last week for 1.29
EXPE 7/27 115 put sold last week for 1.90. Both of these are going into earnings as 21 DTE #pietrades.
AMAT lot 1 47 CC rolled out 2 weeks for 0.28. Cost basis 50.83. Will take a few more rolls on this.
FAS 64 cc rolled out 2 weeks to 65 for 0.31 credit. Cb now 63.10.
TQQQ 59 CC rolled out 2 weeks for 0.85 credit. cb now 57.80
XBI #fuzzy 87/96.5 rolled out to 8/3 for 0.30 credit. Cb decreased to 9.72. May reset in 2 weeks by rolling both up a few strikes if it keeps going.
AMAT lot 2 47 cc rolled out 2 weeks for 0.27 credit. Cb now 47.40 so should see profit in another 2 rolls.
That’s it for now. Letting theta decay pay for vacation, at least I covered the airline tickets in cash today on sales/rolls 🙂
Sorry @fuzzballl UAL was cheaper than AAL but we may make the news if we get thrown off the plane 🙂
Have a good expiration and week, check in when we get back but not even taking a computer. Need to unplug!!!!
Chris
Closing TSLA put spread
Bought to close $TSLA Jul 20 280/270 BuPS @ .38. Sold for 1.50 on 7/5.
AMZN
STC AMZN 20 JUL BuCs 1695/1700 @4.70…BTO 7/10 @3.97 #supercharger
DBX #Coveredcalls Sold July 20th…
DBX #Coveredcalls Sold July 20th 33 calls @ 0.45 when DBX hit 31.60. The 50dma has been acting as resistance.
#shortputspread #rolling WYNN Rolled July…
#shortputspread #rolling WYNN
Rolled July 20, 165/170 to Aug. 17 155/165 for .66, short still in the money, increased margin but better chance of success
NFLX puts sold
#Earnings Using today’s pullback to start my earnings trade on $NFLX. I only play this bullish on earnings (or perhaps way OTM calls if I can get enough premium). It has had huge up moves but only modest down moves in recent quarters.
Sold $NFLX July 20th 360 puts for 3.20.
Biggest UP move: 19.0%, Biggest DOWN move: -13.1%, Average move: 9.4%. This trade is -12.4% OTM.
SQ calls sold
#LEAPs Sold $SQ July 27th 68.5 #SyntheticCoveredCalls for 1.11. These are against my long January 60 calls.
PANW RHT long calls
Rolled delta down on PANW long call from Aug 210c to 215c for 3.42 credit.
Rolled delta down on RHT long call from Aug 142c to 145c for 2.05 credit.
Current positions are now fully paid for by credit rolls on the long calls. Hedges still have extrinsic value but will need to managed soon.
#unbalanceddiagonal
INFY CAT earnings momentum
Bot INFY Jul20 20c @ .37 average price. Sold @ .40 one day before earnings report.
Bot first layer of CAT Aug3 144c @ 1.75.
Puts closed
#CoveredCallCampaign
BTC $AAPL July 20th 180 put for .15. Sold for 1.44 on June 20th.
BTC $FB July 20th 190 put for .16. Sold for 1.60 on June 20th.
A few trades
#LEAPs BTC $SQ July 20th 71 #SyntheticCoveredCalls for .15. Sold for 1.35 in June.
#CoveredCallCampaign BTC $BABA July 20th 202.5 #CoveredCall for .21. Sold for 2.05 in June
#VXXGame Sold $VXX Dec 50 call for 3.50
Here is a good one…
Here is a good one for you margin users, looks like 60% of total portfolio is ideal.
https://www.tastytrade.com/tt/shows/market-measures/episodes/puts-or-stock-07-09-2018
EA GOOGL ISRG MA profits
Taking early pre-ER profits before I head out on a 4-day running trip with limited internet access.
EA. Sold Jul27 152.5c @ 3.10. Bot @ 2.45 average price. Still holding Jul27 157.5c at average price of 1.70.
GOOGL. Sold Jul27 1240/1260 cds @ 3.70. Bot @ 2.90
ISRG. Sold Jul20 490/505 cds @ 9.25. Bot @ 6.45. Still holding Jul20 535c @ 2.70.
MA. Sold Jul27 207.5c @ 2.52. Bot @ 1.47. Still holding MA Ju27 212.5c @ 1.11
#earningsrunup
#shortputs TRTN Sold Aug. 17,…
#shortputs TRTN
Sold Aug. 17, 30 put for 1.35
SPOT early earnings momentum
This is a risky pre-ER trade because the stock has only been public since April 3. However, it showed strong momentum going into May earnings, is in a squeeze, and the Jul27 IV is already expanding.
Bot SPOT Jul27 BuCS 190/200 @ 2.70. Will place GTC order on Jul19 (7 days before ER) to close at 40% above the price at that time.
#earningsrunup
CHKP pre-earnings
Sold Aug17 110c @ 2.78. Bot @ .85.
Still holding Aug17 115c @ .80
#earningsrunup
SPX roll
#SPXcampaign Monday I closed $SPX July 20th 2810/2835 call spreads for 4.20, which was the call side of a #CondorRoll from the week before. Much of the reason I have mostly paused selling spreads is that the call side has never been more difficult to manage that it has this year.
Today I rolled half of it into puts: Sold SPX July 25th 2750/2725 put spreads for 4.50.
Options Bistro 