TQQQ #Shortputs BTC the 7/13 60 Put at .25, originally sold 7/09 for .70. Sold to open 7/20 60 Put @ 1.00.
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AZO supercharger
BTO Jul20 660/670 BuCS @ 7.61. GTC order to sell at 9.40.
Based on the daily squeeze and a pullback today.
#supercharger
PANW RHT rolls
Rolled PANW Jul13 207.5c to Jul20 215c for 2.82 debit
Rolled RHT Jul13 142c to Jul20 145c @ .44 debit
Be happy when your short calls get run over. Really?? 🙂
#shortcalls
#unbalanceddiagonal
MU pie-roll
Mmmmmm… pie rolls….
#PieTrades Bought to close $MU June 13th 54 #CoveredCalls for 1.17. Sold for 1.28 on July 2nd.
#Rolling Sold June 20th 54.5 calls for 1.53.
Bought to close $MU June 13th 53.5 #CoveredCalls for 1.44. Sold for 1.00 on Friday.
#Rolling Sold June 20th 54 calls for 1.77.
Pre-earnings momentum
Adding to existing positions based on pullback and CML backtests
Bot ABT Jul20 64c @ .37
Bot CHKP Aug17 115c @ .80
Bot EA Jul27 157.5c @ 1.51
Bot MSFT Jul20 104c @ 1.17
Bot NFLX Jul20 cds 445/455 @ 2.68
Bot WYNN Jul27 172.5c @ 2.08
#earningsrunup
DE put spread
Sold $DE Aug 10 135/130 BuPS @ .90. Using the weekly expiration before expected earnings on 8/17. Delta of the short strike is 27. Spread is below recent support from June/July.
#shortcallspreads #bitty DOCU Sold July…
#shortcallspreads #bitty DOCU
Sold July 20, 55/57.50 for .60 to go along with the a little too early 55 put sold this week, stock at 52.40
DBX #Coveredcalls Bought to close…
DBX #Coveredcalls Bought to close my July 13th 33.5 calls at .05 on that morning dip. I will cover up later or close the position for an 8% loss from my original assignment. Adjusted basis is 31.66 so I’m torn.
FAS roll
Taking this opportunity to roll to a higher strike.
BTC July 27 68.5 calls and STO August 3, 69 calls for a credit of .146 cents.
ALK puts
Sold $ALK Oct 19 52.50 puts @ 1.15
Adding short protection
Layering in some short protection but carefully as this selloff is contained so far and the obvious suspects like GOOGL and AMZN are not participating.
Bot SPY Jul20 275p @ .97 x5
Bot VIX Jul25 13/15 cds @ .84 x3
#markets
TQQQ roll
BTC July 27, 62.5 calls and STO August 3, 63 calls for a credit of .20 cents.
TWTR roll
Rolled TWTR Jul13 45.5c to Jul20 43.5c @ .92 credit.
TWTR is going the wrong direction but overall trades are profitable so hanging in for now.
#unbalanceddiagonal
#shortcalls
1h
Just talked with Pfizer CEO and @SecAzar on our drug pricing blueprint. Pfizer is rolling back price hikes, so American patients don’t pay more. We applaud Pfizer for this decision and hope other companies do the same. Great news for the American people!
LMT pre-earnings
#PreEarnings #Earnings #Rolling
Sold to Close $LMT July 20th 310 calls for 3.00. Bought for 1.00 last week.
Rolled to: Bought $LMT July 27th 317.5 calls for 2.40.
#shortputs EWZ ENDP EWZ June…
#shortputs EWZ ENDP
EWZ June 7, sold Oct. 27 put for 1.21, bought today for .50
ENDP sold Aug. 3 10.50 put for .45, earnings Aug 3, stock down today after a move to over 11 yesterday from 6 after May earnings.
XLY hedge
I let my XLY long calls run unhedged for the last couple days based on Friday’s powerful rally. Added a BeCS hedge today using 5×3 ratio. Wanted a hedge based on NDX price behavior at 7300 roundy.
STO XLY Jul20 112.5/113.5 BeCS @ .31 x 5. Holding XLY Aug17 110c x 3 as core.
EWZ
BTC $EWZ 17 Aug 31 #ShortPuts @ .48 STO June 21 @ 1.25, about 10% over my 50% sell target and 38 days early.
TT “Cynthia, Rising Star interview” : new to options trading but has developed a system for future success while Tom asks questions every new trader should ask themselves. https://tinyurl.com/yasdwxjd
GOOGL, AMZN…
BOT GOOGL 20 JUL 1140/1145 Call Spread @3.95…GTC order in to close @4.70…
BOT AMZN 20 JUL 1695/1700 Call Spread @3.97..GTC order in to close @4.70…
#supercharger
BABA put
#CoveredCallCampaign Earlier, closed on GTC order: $BABA July 20th 180 put for .29. Sold for 2.88 on June 26th as part of a #StrangleRoll. Looks like the 202.5 call side will probably close on its GTC order in a couple days.
FAS roll
BTC July 20, 68 calls and STO July 27, 68.5 calls for a credit of .20 cents.
MRVL roll
Sold Aug17 21c and bought Aug17 22c for .64 credit. Rolling long call delta down from 76 to 63.
Still holding Jul20 22.5 short call for extrinsic.
My goal is to pull enough cash out to cover the trade. This tactic only works in a rally or a bullish trend. I won’t share all of these trades but a couple people asked for more info. @mortlightman
#unbalanceddiagonal
DIA roll
Rolling both core position and call credit spread.
Sold Aug17 245c and bought Aug17 247c for 1.45 credit. Rolling long call delta from 70 to 60.
BTC Jul20 249/251 BeCS and STO Jul20 251/253 BeCS for .43 debit. Switched from short call hedge due to current market conditions.
This is the third time I’ve rolled my DIA core from a 70-80 delta to a 60-65 delta. Rolling the core delta down allows me to maintain my 3×2 ratio trade while pulling cash out to pay for trade. This is a free trade now. @mortlightman
#unbalanceddiagonal
LMT pre-earnings roll
Bot LMT Jul27 312.5c @ 2.00 x 2. Sold @ 3.90.
Used proceeds for another round. Bot LMT Jul27 317.5c @ 2.35 x 2
#earningsrunup
#speculation PRTK Not a recommendation,…
#speculation PRTK
Not a recommendation, just an article I ran across. Premium doesn’t seem all that high.
https://seekingalpha.com/amp/article/4185905-paratek-pharmaceuticals-three-pdufa-dates-one-option-trade
WYNN another round of pre-earnings
Bot Jul27 172.5c (30 delta) @ 2.35 x2.
This is based on a 14/1 CML study and a turnaround story on the chart.
#earningsrunup
MNK rolling long term covered calls
Just closed the July 30 covered calls for .50 (sold for 1.44 in Jan) and reinitiated in Jan 2019 (at 30 strike) for 1.20. Pretty good premium and still allows room for around 50% increase in the stock price.
LABU roll
BTC July 27 100 calls and STO August 3, 101 calls for a credit of .32 cents.
#shortputs #closed WBA CRUS July…
#shortputs #closed WBA T CRUS
July 5, sold July 20, 60 put for .69, bought today for .17, stock at 63
June 26, sold July 27, 30 put for .47 (thanks @fuzzball) bought for .12, stock at 32.20
CRUS sold July 27, 41 put for 1.05, earnings Aug. 1, stock at 41.
BA NVDA WYNN
Bot BA Jul27 360c @ 2.80 ydy for pre-ER. Sold @ 3.85.
Bot NVDA 240/245c @ 2.35 for supercharger. Sold @ 4.
Bot WYNN Jul27 162.5c @ 3.15 on July 5. Sold @ 6.05.
#earningsrunup
#supercharger
Closed Early BIDU IQ AMZN / Rolled MTN Again
GOOGL
7/9 STC GOOGL 13 Jul 1125/1130 Call spread @4.70…BTO 7/6 @4.00 #supercharger
TWTR #Coveredcalls Covered my long…
TWTR #Coveredcalls Covered my long stock again with July 13th 45.5 Calls @ 0.50 with TWTR @ 44.04.
@geewhiz112 Are you still holding…
Are you still holding your position in CLF?
Your previous post was for :
#longcalls
$CLF BTO 7/20 10 calls at .44 and sold twice as many
#shortputs
$CLF STO 7/20 8 puts at .17
#contangoetfs #contangoetfs GUSH SLD GUSH…
GUSH
SLD GUSH Sep21’18 70 CALL $1.05
#pietrades WDC 77 put expiring…
WDC 77 put expiring this friday had decayed to 0.25 so rolled it to a #pietrades 25 DTE 75 ing to put for 1.03 credit.
Trying to ladder the EXPE 115 as well but with earnings scheduled for 18 DTE it is not decaying as fast as I would like.
Limited 3 week experiment on using 21 DTE or so for #pietrades seems to be working as I expected. The extra space makes rolling easier and if they stay OTM the decay is fast enough you can usually close or roll in 1-2 weeks.
More pre earnings
Bot EA Jul27 152.5c @ 2.41. First layer 1 lot on today’s pullback
Bot ABT Jul18 64c @ .33. Starter position 5 lots
#earningsrunup
FAS
#LongCalls #LEAPS – Was busy all weekend so just now getting caught up on last weeks trades. In the meantime had a small position over at Tastyworks that went negative deltas today (non-ratio) so booking it.
Sold to Close FAS JAN 18 2019 65.0 Calls
Bought to Close FAS JUL 20 2018 64.0 Calls
Booked 1.45 per contract on a huge 2 lot 🙂
Donald J. Trump
@realDonaldTrump
Pfizer & others should be ashamed that they have raised drug prices for no reason. They are merely taking advantage of the poor & others unable to defend themselves, while at the same time giving bargain basement prices to other countries in Europe & elsewhere. We will respond!
Notable Earnings PM Mon:
None
Notable Earnings AM Tues:
PEP
Notable Earnings PM Tues:
AIR, WDFC
Notable Earnings AM Wed:
FAST, MSM
Notable Earnings PM Wed:
OZRK
Notable Earnings AM Thurs:
CBSH, DAL
Notable Earnings PM Thurs:
None
Notable Earnings AM Fri:
C, FRC, JPM, PNC, WFC
Notable Earnings PM Fri:
None
VIX
#Hedge
BTO Aug 22 15/19 BuCS & 13/10 BuPS cost .09
This is a DK trade
#coveredcalls BTC TWTR July 13th…
#coveredcalls
BTC TWTR July 13th 47 Call for .05. Sold Friday for .55
BTC DBX July 13th 33 Calls for .15. Sold Friday for .35
SPX rallies (aka SPX champagne)
Bot SPX Jan 11/13 call calendar @ 1.75. Looking for a double by Wed.
Bot SPX Jan9 call @ 1.75. Sold @ 3.50. Lucky on this one.
Sold SPY Butterfly Jul13 274c/282c/284c 2/-4/2 @ 3.73 x4. Bot @ 2.13
More GUSH
#ContangoETFs
Sold $GUSH Dec 57 call for 5.20, adding to my position
Sold $GUSH July 20th 48 call for 1.05
#PIETrade #ShortPut Sold DOCU July…
IWM short calls
Rolled IWM Jul13 166.5c to Jul20 170.5c @ .82 debit.
Another case of getting run over since Friday. These are ratio trades so still making money but not much.
Closing SWKS
Bought to close $SWKS Jul 13 95/90 BuPS @ .10. Sold for .63 on 6/19.
#Shortput #PieTrade Sold TQQQ July…
DIA short calls
Sold Jul13 245c @ 1.61 on Friday. Covered today @ 2.65 because it ran out of extrinsic.
Replaced short call with BeCS DIA Jul20 251/249 @ .58.
While we’re in rally mode, I’m switching from 45 delta short calls on my ratio trades to 35/21 BeCS. I want a hedge but not so tight that it cuts off profits.
#shortcalls
#unbalanceddiagonal
JPM pre earnings
Sold JPM Jul20 106c @ 2.10 x4. Bot in layers for avg price of 1.40.
Still holding JPM fuzzy Jul20 105c/105p/102p 1/-1/1 @ .70. Current price 2.03
#earningsrunup
#coveredcallcampaign JCI EWZ Tradewise cc,…
#coveredcallcampaign JCI EWZ
Tradewise cc, sold August 17, 37 call for .43
EWZ sold July 20, 34 call for .39
GOOGL
STO Jul 13 1140/1137.5 BuPS .40 #Bitty
WFC
BTC October 40 puts @.10 cents.
AMZN
STO Jul 13 1677.5/1675 BuPS .25 #Bitty
NFLX pre earnings
Bot NFLX Jul20 420c @ 10.04. Sold @ 20.00
Will open new position on any significant pullback before earnings report on 7/16.
#earningsrunup
GUSH reaching new highs
#ContangoETFs Sold $GUSH Aug 17th 50 call for 2.15.
SPX
BTO SPX Jul 13 BF 2780/2790/2800 calls 1.50
Econ Calendar for week of 7/9/18
Be sure to periodically click Home/REFRESH to keep Bistro features updated.
Earnings this week
Notable Earnings PM Mon:
None
Notable Earnings AM Tues:
PEP
Notable Earnings PM Tues:
AIR, WDFC
Notable Earnings AM Wed:
FAST, MSM
Notable Earnings PM Wed:
OZRK
Notable Earnings AM Thurs:
CBSH, DAL
Notable Earnings PM Thurs:
None
Notable Earnings AM Fri:
C, FRC, JPM, PNC, WFC
Notable Earnings PM Fri:
None
Expiration Closed Early and Trades
#optionsexpiration
$NFLX 380/390 BUCS Max Profit
$WYNN 165/170 BUPS Max Loss
$EXAS 60/70 BUCS Assigned stock at 60 with basis of 67.10 Current price 62.46 Expecting an earnings run
#closed
$SPX BTC on GTC order 7/9 2600/2625 BUPS at .10 STO at 1.60 on 6/27
$FB BTC on GTC order 7/20 180/190 BUPS at .60 STO at 1.85 Closed half the position
#shortcalls
#ROKU STO 7/13 47.50 calls at 1.30 (covered)
Afternoon all. I have been…
Afternoon all. I have been popping in and out and never could grab the time to post. So here is my summary for the day.
#Coveredcalls
TWTR BTC July 6th 45.5 Calls @ .48 and .61 this morning. I will cover up later.
TWTR Sold to open July 13th 48 Call @ .55 Still have 1 to go. Tried the July 13th 48.50 @ .45. Didn’t get filled.
FAS Rolled July 6th 64 Calls out and up to July 13th 66 Calls for a .25 credit.
MU Rolled July 13 56 Call down and out to July 20th 55 Call for 0.72 credit..
DBX Sold July 13 33 Call @ .35
BAC Sold July 27th 29 Call @ .25
#ShortPuts
XOP BTC July 13th @ .30. Sold 7/3 @ .80
#Expired
TQQQ July 06th 56 Put
DBX July 06th 34 Call
BAC July 06th 28.5 Call
I hope everyone has a great weekend. Getting some much needed rain here.
SPX Iron Condor
STO SPX 8/31/18 2560 puts
BTO SPX 8/31/18 2540 puts
STO SPX 8/31/18 2890 calls
BTO SPX 8/31/18 2910 calls
2.35 Credit
Introducing VXXB
https://basicsoftradingstocks.wordpress.com/2018/01/22/vxx-etn-changing-to-vxxb/
AAPL
BTC 6 JUL 18 187.5 CALL @.27..STO 6/28 @1.07..
STO 13 JUL 18 190 CALL @.75..timing not good on this sale…now trading for 1.00..:(
#shortputs #rolling NKTR It took…
#shortputs #rolling NKTR
It took all day but rolled July 20, 50 put to August for 2.00, a lot of premium for a 47 dollar stock, earnings Aug 6
TGIF
Hi Everyone! Hope you’ve had a good week! This has been a rest and reset week for me. Ditching #Saf-T trades and back to #AtomicFuzzy for me. The atomics are good for higher vol environments. When vol drops back down below 13-14, then regular fuzzy will work.
Just wanted to pop in and say today will bring 2-of-5 1-standard deviation moves up. Looking for that 3rd. The last signal we got was May 10 and about a 95 pt rally ensued. Mon/Tue/Wed are all candidates for a signal.
Sue
Mining for cash in the ratio trades
With the rally today, many of my long calls moved up to the 75-80 delta range. I took advantage of this bounty and rolled these long calls back to 63 delta in the same expiry. This allowed me to raise appx $5000 in cash while keeping the ratio trade design in tact. I would list all the trades but this has been a long week. If questions, please ask.
GOOGL
BTO 13 JUL 1125/1130 calls @4.00…GTC order in to close @4.70 #supercharger
FAS NVDA OLED
#LongCalls #LEAPS – All ratio positions so no need to get crazy. Just easing them up and keeping a little downside cushion. Done for the day!
FAS:
Rolled 63.5 Calls to next week 64.5 @ .17 credit (2 accounts)
NVDA:
Rolled 242.5 Call to next week 245.0 @ .57 credit
OLED:
Rolled 87.0 Calls to next week 90.0 @ .20 credit
Aug GUSH
Sold $GUSH Aug 17 55 calls @ 1.10
SSO
Thank goodness for the ratio trades because otherwise, my SSO short calls would be wiping out my profits today.
Rolled Jul13 111.5c to Jul20 116c for 2.53 debit
Rolled Jul13 112.5c to Jul20 116c for 1.72 debit
Rolled SSO long call Sep21 110c to Sep21 112c @ 1.53 credit (resetting to 63 delta)
#fallingknife FYI PSMT is down…
FYI
PSMT is down 8%
CELG again….
#LongCalls – This is getting old. Big rally today above the 50ma. Rolled iron condor to a (semi) Jade Lizard putting most of the risk below the 50ma now.
Won’t bore you with numbers but rolled the short put side up to the 50ma. Took the credit and rolled short call side up. Call side is now a dollar wide with .40 credit. Put side is wider now so that’s where the risk is.
Plan A:
If it continues rallying I’ll roll the short puts up again to try to get as much of the 60 cent risk as I can.
Plan B:
If it tanks I may close the whole thing and see where I stand. If I’m not satisfied I’ll roll it all into a new 2020 LEAP position since it seems like it’s finally reversing course.
GOOGL
STC Jul 6 1110/1112.5 Calls #supercharger 2.48 cost 2.00 early this week. Also have a few BuPS expiring today.
Have #supercharger Jul6 1165/1167.5 that is going to be a loss, will add trades to fix loss hopefully.
AMZN
STC Jul 6 1675.0/1677.5 #supercharger, with a few BuPS from 6/19 multi trades.
Finally closed this 260.50 Profit. A bit of work. Am trying to make all trades work by adding additional trades to make up any loss before closing it all and starting over again.
There was 5 different trades in this one.
Options Bistro 