#SPXcampaign Sold $SPX May 25th 2500/2475 put spreads for 1.70.
Category Archives: Uncategorized
SPY STO May 11 255/252.50…
SPY STO May 11 255/252.50 BuPS .20 cr
MU close #Fuzzy after a…
MU close #Fuzzy after a few diff moves finally exited with 148.75 profit
OLED
#SyntheticStock – An old “earnings gone bad” repair trade that might actually turn into a nice winner…needs 99 cents per week. This week’s 100s look pretty safe so selling next week now. Earnings on May 3rd so keeping it well out of the money for now. I may adjust this prior to the announcement.
Sold OLED MAY 4 2018 105.0 Calls @ 1.55
Adding to GUSH
In the freshly minted December series, at the highest strike.
Sold $GUSH Dec 21 46 call @ 4.00.
SPX trades
#SPXcampaign Sold $SPX May 25th 2795/2820 call spreads for 1.65.
Closed on GTC orders:
Yesterday: May 11th 2825/2850 call spreads for .20. Sold for 1.75 on Apr 10th.
Today: May 11th 2400/2375 put spreads for .20. Sold for 1.75 on Apr 9th.
TQQQ call sold
#LongLEAPs #SyntheticStock #SyntheticCoveredCall
Sold $TQQQ May 11th 165 call for 1.70. Against my long Jan 2020 150 call.
CAT calls
Fading the post-earnings move. Sold $CAT May 18 165/175 BeCS for 1.35.
TQQQ
I am not the best chart reader in the world but the QQQ and TQQQ look like it is forming a head and shoulder pattern. It that is the case and it breaks the neck line, I see a move down to about 70 on the TQQQ. The stochastics are turning down and the RSI is under 50 so, even though we may rally this morning I would be careful.
#shortputs Afternoon. Sold a few…
#shortputs Afternoon. Sold a few positions earlier today.
QQQ April 27th 165 Call at 0.80 when QQQ was at162.57. Right before the morning spike.
MU April 27th 52 Call at 0.52 when MU was at 50.00
FAS April 27th 65 Put at 1.35 when FAS was at 65.22
OIH April 27th 27 Put at .51 when OIH was at 26.80
MU
STO Calendar May 11 51 call & Apr 27 51 1.47-.55 = .92
NFLX
STO May 11 BePS 300/297.50 2x 1@ .30 & .39 #Bitty
Pivoting on NFLX
Closing the call spread for around 65% of the max profit and flipping it to a put spread to try to catch premium on the other side.
Bought to close $NFLX May 18 365/375 BeCS @ .52 (sold for 1.43 on 4/17)
Sold to open $NFLX May 18 295/285 BuPS @ 1.20 with the stock at 319.82.
Hope I’m not getting too cute here.
Taking off this week’s FB short puts
Closing for a profit while I still can, with earnings on Wednesday.
Bought to close:
$FB Apr 27 150 puts @ .60 (sold for 2.40 on 3/21)
$FB APr 27 155 puts @ 1.34 (sold for 1.60 on 3/19)
CELG
#SyntheticStock – I’ve covered the initial debit but not the max loss on this one. Converting to straight long calls which reduces the amount of max loss that’s needed to be recovered by 65 cents. With this thing winding down in July every little bit helps. Got a chance to be profitable in spite of the stock being nearly 16 dollars below the core synthetic.
Bought to Close CELG JUL 20 2018 105.0/100.0 Bull Put Spreads @ 4.35
Market
This is boring. I am going to the gym and I expect the market to be down when I return. Please don’t disappoint me.
Adding some SWKS
Adding November to my ladder (currently short 70 puts in May and Aug).
Sold $SWKS 11/16 60 puts @ 1.25.
DG PYPL
#LongCalls #LEAPS #SyntheticStock -I posted on this subject down below in response to a question and felt it was worth throwing out there again up here at the top. Like to run it by you guys and gals to see if I’m missing anything.
After looking closely over the weekend at my synthetic conversions to just straight long calls or long puts, I’m still happy with those. What I’m having a change of heart on is the selling of the upside of the LEAPS. After looking at the loss of long deltas in the conversion (closing the BuPS to leave just long calls) it just looks like the extra sale against the upside LEAP position gets the entire position way to short. I think there’s plenty to be made with just the basic weekly sales without adding the risk of turning it into a loser on a big rally.
I’m leaving TQQQ as is but closing the others that I had sold that were quite a bit tighter. Just not worth the risk….
Bought to Close DG JAN 18 2019 115.0 Calls @ 2.75 (sold for 2.75)
Bought to Close PYPL JAN 18 2019 100.0 Calls @ 2.08 (sold for 1.93) I’ll take that small loss out of the last weekly sale…
OLED
I was assigned at 97.5 cost basis so sold the May 4, 96.5 covered calls @4.60
CELG
#CoveredCalls #IRA – Assigned some shares at a 95.65 basis. Looking to unload them for any profit.
Sold CELG MAY 18 2018 95.0 Calls @ 1.42
TQQQ
#ShortPuts #IRA – Taking a little off the table…
Bought to Close TQQQ MAY 18 2018 80.0 Put @ .12 (sold for 2.00)
#shortputspread NFLX Sold a couple…
#shortputspread NFLX
Sold a couple May 18, 295/300 spreads at .70.
TQQQ bearish trade
BTO January 2019 150 puts @28.10
STO April 27, 145 puts @3.40
I need .98 cents per week to cover the cost of this trade. I think that with interest rates going up, this should be a good trade to offset my bullish trade on the TQQQ.
SPX trades
#SPXcampaign Closed $SPX May 14th 2675/2650 put spreads for 9.30. Sold Friday for 10.25. Since we did NOT start the week with a nice bounce, I’m exiting this with plans to enter something similar later, perhaps today. Since this is a trade I’ve rolled three times, each time bleeding more, I’m getting out iwht a small profit this time.
Also, in pre-market, closed on GTC order: SPX Apr 27th 2750/2775 call spreads for .30. Sold for 2.35 on April 6th.
VIX
From DK playbook
BTO/STO Jun 20 19/25 BuCS calls 15/12 BuPS Puts .02 Cr.
Econ Calendar for week of 4/23/18
Be sure to periodically click “Home/REFRESH” to keep Bistro features updated.
NOTE: There may be errors…
NOTE: There may be errors and omissions in this list. Please perform your own due diligence and confirm the earnings date BEFORE entering a trade.
+++++++++++++++++++++++++++
Notable Earnings AM Mon:
ALK, FE, HAL, HAS, KMB, ONB, PHG, TCF
Notable Earnings PM Mon:
ABX, ACC, AMP, AMTD, BRO, CBI, CDNS, CNI, GOOG, HLX, OI, SANM, SLM, TVTY, WHR, ZION
Notable Earnings AM Tues:
ATI, BIIB, BPOP, CAT, CIT, CNC, EDU, FCF, FCX, FITB, FNB, GLW, GPK, HBAN, HOG, JBLU, KO, LLY, LMT, LPT, MAS, MDR, MMM, NEE, PCAR, PHM, PII, QSR, R, SAP, SC, SHW, SLCA, SNV, ST, TECK, TRV, UTX, VZ, WAB
Notable Earnings PM Tues:
AMGN, BXMT, BXP, CB, COF, CREE, CSL, EEFT, EQR, EW, FR, HA, HIW, ILMN, IPHI, IRBT, MANH, MKSI, NAVI, PKG, RHI, SIX, SPN, STL, SVU, TER, TSS, TXN, WRI, WYNN
Notable Earnings AM Wed:
ANTM, AOS, APH, AVY, AXTA, BA, BKU, BSX, BTU, CHKP, CMCSA, CVE, DPS, DTE, ETR, EVR, FLIR, GD, GLPI, GRA, GT, HES, IR, LH, MDCO, NDAQ, NOC, NSC, OC, QNST, RES, ROK, ROL, SRE, STM, TEL, TMO, TPH, TROW, TRVG, TUP, TWTR, USG, VIAB, YNDX
Notable Earnings PM Wed:
AFL, ALGN, AMD, AMGP, AR, AVB, AXS, BMRN, CAKE, CDE, CMG, CNO, CTXS, DRE, EBAY, ESRT, ESV, F, FB, FFIV, GG, GGG, KBR, KEX, KNX, KRG, LM, LVS, MEOH, NOW, OII, OIS, ORLY, PSA, PYPL, QCOM, QEP, RJF, ROIC, RRC, SCI, SEIC, T, TRN, UCTT, UDR, UHS, V, VAR, WRE, XLNX
Notable Earnings AM Thurs:
AAL, AAN, ABBV, AEP, ALKS, ALLE, ALLY, ALXN, APD, AVT, BAX, BC, BEN, BLMN, BMS, BMY, BWA, CCE, CDK, CME, CMS, COP, CRI, CSTM, DHI, DNKN, DPZ, ENTG, EQT, FAF, FCAU, GEO, GM, HLT, HP, HSY, IP, IRDM, IRM, ITW, IVZ, KIM, KKR, LAZ, LEA, LKQ, LUV, MDP, MGM, MGP, MMC, MO, NEM, NLSN, NS, NVCR, ODFL, ORI, OSK, PENN, PEP, PH, PTEN, PX, RCL, RDN, RDS.A, RTN, SAVE, SCG, SHPG, SNDR, SPB, SPGI, TAL, TSCO, TWX, UNP, UPS, VLO, VLY, XEL, ZBH
Notable Earnings PM Thurs:
AEM, AMKR, AMZN, BIDU, BOFI, BYD, CHGG, CUBE, CVA, CXP, CY, DFS, DLR, EHC, ELLI, ELY, EMN, EXAS, EXPE, FBHS, FII, FLEX, FSLR, FTV, HIG, INT, INTC, ISBC, KLAC, KN, LEG, MAT, MHK, MSFT, MXIM, NATI, NOV, NR, NUS, OFC, PEB, PFG, PFPT, RMD, SBUX, SGEN, SIVB, STAY, SYK, TCO, TNDM, TS, VRSN, VRTX, WDC, X
Notable Earnings AM Fri:
ALV, BANC, CCJ, CHTR, CL, CNHI, COG, COL, CVX, D, DM, DOV, ERJ, HMC, IPG, LYB, MCO, POR, PSX, SNY, SPG, TEN, TRP, VTR, WETF, WRK, WY, XOM
Notable Earnings PM Fri:
None
Expirations
Only a few.
WBA 60 puts
ALK 55 puts
STZ 200puts
EXAS 40 puts
CELG 97 covered calls
OLED 100 puts assigned
Long Calls URI / SPX Campaign / Short Puts / Rolling / Expiration
#longcalls
$URI BTO 9/21 165/180 BUCS for 7.00
#spxcampaign
$SPX STO 5/18 2510/2535 BUPS at 1.70 Thank you @jeffcp66
$SPX STO 4/25 2665/2690 BUPS at 4.60 Thank you @jeffcp66 Better luck this time.
#shortputs
$SKX STO 4/27 31 put at 1.00 Thank you @honkhonk81 Falling Shoe Trade
$URI STO 5/4/2018 160/165 BUPS at 1.40
#rolling
$SCHN BTC 4/20 36 put and STO 5/18 36 put at .30 added credit
$MZOR BTC 4/20 70 put and STO 5/18 70 put for added .70 credit
#optionsexpiration
$NFLX 340/335 BECS
$SPX 2795/2770 BECS Thank you @jeffcp66
$TSLA 305/300 BECS more than offset by
$TSLA 295/300 BUPS Missed the tail on the donkey with pinning! ;-}
$FB 170/175 BUPS Total Loss
$NKTR 90/100 Total Loss
$FB 135/145 BUPS
$NFLX 275/280 BUPS
$NFLX 260/270 BUPS
$SPX 2665/2690 BUPS Big Loss but not Total but still BIG OUCH! Will I ever learn?
$CAT 125/135 BUPS
$AMZN 1360/1390 BUPS
$GOOGL 1030/1035 BUPS
$FB 140/150 BUPS
$ALGN 230/240 BUPS
$WHR 120 put Thank you @ramie77
$SIG 35 put Thank you @optioniceman
$TWTR 31 put
$MSFT 92.5 put
$RIG 10 put
Options Expiration for Apr 20
Expiring:
$AMZN 1450/1400 BuPS
$AMZN 1360/1370/1620/1630 IC
$APA 32.50 puts
$BA 310/320/345/355 IC
$BA 310/300 BuPS
$CAT 140/130 BuPS
$DUST 35 calls
$FB 162.50/152.50 BuPS
$HSIC 62.50 puts
$KOLD 55 calls
$MA 120 puts
$NFLX 260 puts
$OLED 90 puts
$QQQ 155 puts
$QQQ 156 puts
$REGN 300 puts
$SPY 263/251 BuPS
$TSLA 325/335 BeCS
$TSLA 327.50/342.50 BeCS
$UVXY 20/30 BeCS
Expiring for full loss. Will look to re-establish after earnings:
$FB 175/170 BuPS
Last minute roll: $KR Apr 20 25 puts out to May 18 25 puts for .42 credit to avoid assignment.
Assignments:
$QRVO 72.50 puts–going long stock. I meant to roll this but I lost track of it this afternoon. Will sell calls against it next week.
$CYBR 50 covered calls–stock being called away
$X 40/36 inverted strangle–with the stock finishing at 36.65, I’m being assigned on both sides–5.90 credit taken in so a 1.90 overall profit.
Have a great weekend everyone.
KR
Closed #Fuzzy as hedge took me out, small profit.
#pietrade 1 roll today, otherwise…
1 roll today, otherwise letting everything else assign/close/expire worthless and will re-load Monday.
TNA today 69 CC rolled to next week for 0.94 credit. Took advantage of the weakness to load more cash. Cost basis now 66.63.
SPX trades
#SPXcampaign Sold $SPX May 17th 2775/2800 call spreads for 1.55.
Sold SPX May 14th 2675/2650 put spreads for 10.25. Another aggressive roll but with a more manageable time frame.
Joining the TQQQ Queue
#LongLEAPs Bought to Open $TQQQ Jan 2020 150 call for 41.00. To break even, underlying only has to reach its all-time high from last month, and I got 21 months to do it. Meanwhile, I’ll be selling calls against it.
FAS/SQ
Rolled Apr20 FAS 66 call to next week 67 call for 84 cent credit
Rolled Apr 20 SQ 51 call to next week 53 call for 16 cent credit
DG PYPL
#SyntheticStock – Converting this one over to Jan 2019 Bull Call Spreads similar to how I did NUGT…closing the short put side of the synthetic and the disaster put (a BuPS). The stock is still above the LEAP position so a good time to do it (yesterday was even better!).
Bought to Close DG JAN 18 2019 95.0/92.5 Bull Put Spreads @ 1.05
Sold DG JAN 18 2019 115.0 Calls @ 2.75
Caps my upside well above the all time high on the stock which I’m ok with. In exchange for that I reduce the max loss and pick up a quick 1.70 towards being risk free in the position.
BTW…also did this with PYPL today but won’t bore you with the details.
FAS roll
BTC April 20, 66 call and STO May 4, 67 call for a net credit of .94 cents. This completes all of my rolls for today. I have more next Friday.
SWK earnings bomb
Sold a put ladder:
$SWK Jul 20 130 puts @ 1.50
$SWK Oct 19 115 puts @ 1.35
I was looking to sell something in June but that series won’t start trading until Monday. Will keep an eye on it and maybe add June if it keeps tanking.
CME
STO May 4, 177.5 calls @ .35 cents and the April 20 175 calls will expire today at zero. This is my 2020 Fuzzy, 160,160,155. I put this on 10 weeks ago and have covered 18% of the cost of the trade so far.
EWW
#SyntheticStock – Mr. King of timing here again. I waited yesterday to sell calls for next week on this one, hoping to see the 200sma was gonna hold. She didn’t hold, I shoulda sold… yesterday. STO EWW Apr27’18 53 calls for 0.16. Oh well, I only need 0.08 a week to cover a total loss on my 2020 52/52/50 synthetic position.
MU
#Fuzzy – STO MU Apr27’18 54 calls for 0.44
#earnings SKX I sold a…
#earnings SKX
I sold a 37/47 strangle yesterday, stock hovering at 30, down 12. Anyone need new shoes?
Volatility not kicking up
#Market Today we are down less than 1%, which in 2018 is notable. VIX not up much, and UVXY and VXX could barely be considered to be spiking, given the huge drop they saw in the last week. UVXY had been at 20 for a couple weeks, then a quick drop to 15, and barely up today.
Meantime, SPX could barely get above 2700. Is this the new normal? Consolidating indices all year and volatility drifts downward as we get used to it?
FB
#LongPuts #LongCalls #LongLEAPStraddles – Gonna be an interesting earnings announcement. Tons of premium so still selling aggressively. Rolling the call side today. Didn’t quite get the needed pullback.
Rolled FB APR 20 2018 165.0 Calls to APR 27 2018 167.5 Calls @ 2.30 credit
SPX trades
#SPXcampaign Closed on GTC order: $SPX May 4th 2810/2835 call spreads for .20. Sold for 1.45 on Apr 5th.
Closed Apr 25th 2680/2655 put spreads for 9.70. Sold for 5.65 yesterday. I had to step away for a few, and that’s when the plunge happened, just before I failed to get a fill on a break-even order. Now I may have gotten out on the lows. My ability to trade these short-term near-the-money spreads has totally sucked since early March. I was killing it with them in February and it got my confidence up, so the market had to affirm who’s daddy.
FAS
#LongCalls #LEAPS – Banks aren’t running away so rolling but staying aggressive with the sales…
Rolled FAS APR 20 2018 63.5 Calls to MAY 4 2018 65.0 Calls @ .95 credit
TQQQ
#LongCalls #LEAPS – Staying aggressive and selling at the 50ma. Hopefully they’ll be easy to roll.
Bought to Close TQQQ APR 20 2018 155.0 Calls @ .10 (sold for 3.30)
Sold TQQQ APR 27 2018 155.0 Calls @ 3.20
NUGT
#SyntheticShortStock – Using the weakness today in this thing to close my upside protection leaving just long 32 strike puts.
Bought to Close NUGT JAN 18 2019 32.0/34.0 Bear Call Spreads @ .46
This adds .46 to the cost of the long puts but reduces max loss by 1.54 and makes the trade much easier to manage and cleaner when closing.
TQQQ
STO May 4, 170 calls @ .90 cents. I have 175 and 180 calls that expire today. This is a Fuzzy 180,180,175 for 2020.
TLT
#PerpetualRollingStrangles – Another one in the books…
Bought to Close TLT APR 27 2018 121.5 Calls @ .06 (sold for .60)
Sold TLT MAY 4 2018 120.0 Calls @ .42
EDIT….
For some additional downside help:
Bought TLT SEP 21 2018 100.0 Puts @ .12
ROKU
#ShortStrangles – Rolling short calls down to straddles. Earnings the week after this…
Rolled ROKU MAY 4 2018 37.0 Calls to MAY 4 2018 34.0 Calls @ .55 credit
#shortstrangles EWZ closed May 18,…
#shortstrangles EWZ
closed May 18, 42/47 strangle for .96, sold for 1.78 on April 3.
RH trade closed
#Earnings #ShortStrangle #StrangleRoll
Closed $RH Apr 20th 87.5 puts for .60. Sold as the 87.5/100 #StrangleRoll from breached short calls for 4.535 on Mar 29th. Letting the calls expire. Total profit in trade, 2.11.
SPX puts sold
#SPXcampaign Looks like early March all over again… a multi-day rally cut short by the volatility of 2018.
Sold $SPX May 17th 2535/2510 put spreads for 1.60.
Looking to already close the short-term put spread I sold at yesterday’s close. I thought the bounce yesterday looked decent and would lead to a stronger morning. Not the case. AAPL is not helping the overall market.
SLB
#SyntheticStock – BTC SLB Apr20’18 70 calls for 0.10, sold for 0.39. Waiting to sell next week’s, bouncing off of 69 level??
CELG
STO May 11, 97 covered calls @.75
SPX roll
#SPXcampaign #Rolling Sold $SPX Apr 25th 2680/2655 put spreads for 5.65 after the bell, as a roll from the spread stopped earlier.
BABA roll
#CoveredCallCampaign #ShortPuts
Closed $BABA Apr 20th 190 put for 7.95, to avoid early assignment tonight. Sold for 3.85 on March 15th.
#Rolling Sold BABA May 4th 187.5 put for 9.55. Moved down a strike and after earnings.
#earnings #shortstrangles SKX Sold May…
Sold May 18, 37/47 for 1.70
Covered Call CBOE / Falling Knife (?) URI BUPS
#shortcalls
$CBOE STO 5/4 113 call at 1.20 (covered)
#shortputs
$URI STO 5/18 150/160 BUPS at 1.60 Falling Knife?
Rolling OLED
With earnings on 5/3 I decided to roll my ITM Apr 20 100 puts out only 1 week, for .85 credit, instead of going into the May expiration and having earnings in the cycle. I figure I’d give it another week to recover a bit and maybe be able to take it off by next Friday. With the credit, basis has been reduced by 2.25 so I would need the stock at 97.75 or higher next Friday to be able to do that.
Rolled $OLED Apr 20 100 puts out to Apr 27 100 puts for .85 credit.
#FallingKnife trades Thanks to @optioniceman…
#FallingKnife trades
Thanks to @optioniceman for the ideas.
Sold:
$CLX Oct 19 100 puts @ 1.35
$PM Sep 21 75 puts @ 1.70
$HSY Nov 16 80 puts @ 1.35
$ADS Jun 15 180 puts @ 1.50
$ADS Sep 21 150 put @ 2.00 (lowest strike)
EWW
#SyntheticStock – BTC EWW Apr27’18 55 calls for 0.07, sold a couple days ago for 0.31. Gonna wait and sell more calls for next week after I see if EWW bounces off the 200 day sma, which it is hitting.
AZO
#BullCallSpreads #LEAPS -Going back into the belly of the beast with something more realistic to the upside. Buying a narrower spread but using two contracts instead of one. Also, a lower debit so easier to get it covered and be risk free. Let’s see if 600ish can hold…(not looking good so far). A bounce back up to the 200ma resistance would be a good point to take profits. Buying the vertical below and selling the weekly at it.
Bought to Open AZO JAN 18 2019 600.0/620.0 Bull Call Spreads @ 9.95
39 weeks to run so needing 26 cents per week to cover. I’m going for way more than that to get the risk off as soon as possible…
Sold to Open AZO MAY 4 2018 625.0/645.0 Bear Call Spreads @ 2.70
XBI
#Fuzzy – BTC XBI Apr20’18 92 calls for 0.03, sold for 0.38. STO XBI Apr27’18 92 calls for 0.47.
VXX
#BearPutSpreads – I’ve been selling against my Jan 2019 50/30 Bear Put Spreads….trying to gradually cover the debit.
Sold VXX MAY 4 2018 39.0/35.0 Bull Put Spreads @ .71
AZO
#BullCallSpreads – Interesting trade and another lesson for me in the power of basis reduction.
Originally Bought Jan 2019 660/760 Bull Call Spread after last quarter earnings. Stock started dropping from almost the exact moment the trade filled. Continued selling weekly Bear Call Spreads against the position. Also, rolled down the LEAP short 760 to 710 for additional credit. Stock is still imploding as I type this but…
Bought to Close AZO APR 20 2018 625.0/650.0 Bear Call Spread @ .00 (sold for 2.25 and legged out for zero cost 🙂 )
Then:
Sold to Close AZO JAN 18 2019 660.0/710.0 Bull Call Spread @ 15.43
After reducing my basis of the original position to 9.23 the trade still made 6.20 without ever having a single uptick. Now that’s basis reduction!
Covering puts early
CVS, BTC May 18, 50 puts @ .05, sold at .64 cents
DGX, BTC May 18, 85 puts @ .06, sold at 3.20
EXAS, BTC April 20, 45 puts @.10 to avoid possible assignment. Sold at 3.10
EXR, BTC June 15, 65 puts @ .10, sold at 2.15
#shortcallspreads #rolling TSLA April 2…
#shortcallspreads #rolling TSLA
April 2 I sold an April 20, 290/300 call spread that of course should have worked out. TSLA is hovering around 293. I rolled to May 18, 300/315 for 1.55 credit, however earnings are May 1.
#supercharger Assigned early on half…
Assigned early on half of my ERX 8 DTE 20/25 call vertical debit spread. So short half the spread. Easy fix, the 20 long call was so far ITM exercised at intrinsic value so made half the profit a week early. Will let the rest expire next week.
Sitting on my hands the next 2 days, then have a lot expiring tomorrow and will either let assign or roll on Monday depending on what’s left.
FAS CC at 65, 64, 66 are all ATM so will see what happens. Cost basis 61.27, 64.11, 58.17 and 60.63 so all looking good either way.
TNA 69 CC at full profit so will let assign tomorrow.
GM 38.5 CC next week, it is also ATM.
Finally 2 positive weeks in a row, easier with market moving up but I had some trades with a bearish bias as well. Have pulled back 11k on the SVXY losses. Still a long way to go but every bit helps.
Looking at trades for next week, good premiums still out there, WDC, EXPE, SMH, XBI all at top of the list. Some have earnings. SWKS possible #fallingknife looks like finding bottom.
That’s all I have until Monday, have a good expiration and weekend!
FDX trades
#Earnings #Rolling
Closed $FDX Apr 20th 255 call for .74. Sold for 1.15 on March 23rd.
Sold FDX May 25th 237.5 puts for 2.33.
After closing ITM puts under margin pressure, I have now rolled them all back into profit range. I still think this is a decent bullish candidate on pullbacks. The call was over 3.00 yesterday so slipping out today in case it rallies back tomorrow.
NVDA
#ShortPuts #IRA – Throw these out there and see what happens…
Sold NVDA SEP 21 2018 175.0 Put @ 4.90
Sold NVDA JAN 18 2019 150.0 Put @ 4.40
GUSHing again
New highest strikes in some of the months.
Sold $GUSH Jun 15 45 calls @ 1.00.
CP earnings closed
#Earnings BTC $CP Apr 20th 175 puts for .45. Sold yesterday for 1.10.
SPX puts stopped
#SPXcampaign I love these short-term reverse rolls when a rally starts, but of course they only work with a sustained rally… since January, sustained rallies haven’t been happening. Thus, got whipsawed on this one, albeit without much damage. Stopped out when we started dropping for the third time, and of course, that led to the strongest bounce. Will likely roll into a condor later, depending on how the day shakes out.
Closed $SPX April 20th 2690/2665 put spreads for 5.35. Sold for 4.35 as a #ReverseRoll on Tuesday.
Options Bistro 