#LongCalls #LEAPS – My newest 2020 position that’s just getting started…
Bought to Close SMH APR 20 2018 106.5 Calls @ .05 (sold for .72)
Sold SMH MAY 4 2018 104.0 Calls @ 1.33
Category Archives: Uncategorized
#shortputs #pietrades EWZ Rolled April…
#shortputs #pietrades EWZ
Rolled April 20, 43.50 put to April 27 for .33
OLED
#SyntheticStock – An old “earnings gone bad” repair trade that might actually turn into a nice winner…needs 99 cents per week. Earnings May 3rd so staying aggressive until then.
Bought to Close OLED APR 20 2018 103.0 Calls @ .10 (sold for 1.58)
Sold OLED APR 27 2018 100.0 Calls @ 1.40
REGN
#SyntheticStock – Plugging away against a Jan 2020 position…selling next batch in earnings week. Might adjust it a little as the day approaches.
Bought to Close REGN APR 20 2018 337.5 Calls @ .20 (sold for 2.20)
Sold REGN MAY 4 2018 345.0 Calls @ 2.40
Interest rates
The ten year note took a nice pop up in yield this morning. Not good for stocks if we go over 3%.
GWW falling knife
BTC July 155 put @ .10, sold at 3.30 and a hat tip to Iceman for the idea.
#ShortPut Sold SQ April 27th…
#ShortPut Sold SQ April 27th 51 Put @ 1.25. Had an order to close the April 20th 48.5 for .05 but not filled.
QQQ Rolled my April 20th…
QQQ Rolled my April 20th 161 short call (Paired with the Jan 2020 161 leap) out and up to April 27th 164 for a 0.50 debit. Unsure if this was the right time. Maybe wait another day or two. Got antsy. Any feed back from you pros is welcomed.
Rolled LABU / Closed Early NFLX SIG
#rolling
$LABU BTC 4/27 83 call and STO 5/11 85 call for 1.10 added credit
Closed Early
$NFLX 5/18 250/260 BUPS at .15 STO 4/13 at 1.13 Earnings delight
$SIG BTC 4/20 40 put at .50 STO at 2.51 as falling knife Thank you @optioniceman
Walk On The Wild Side? …about the VIX
https://seekingalpha.com/article/4163594-walk-wild-side
CP earnings
#Earnings The only thing I’m doing today is selling $CP Apr 20th 175 puts for 1.15. Fairly close to the money, but CP has only moved down more than 3% one time on earnings in the last 8 years.
Not filled yet, but stock is pulling back now. I’ll drop to 1.10 if necessary.
Biggest UP move: 5.9%, Biggest DOWN move: -5.2%, Average move: 2.9%. This trade is -2.8% OTM.
TRIP
Yesterday Motley Fool advised followers to sell shares at a loss, it’s up .30 today.
Their explanation https://www.fool.com/premium/stock-advisor/coverage/18/coverage/updates/2018/04/17/sell-tripadvisor.aspx?source=ipeemleml0000004&utm_medium=email&utm_term=91466&utm_content=sell&utm_campaign=sa&utm_source=product
#shortstrangles FXI Sold June 14,…
#shortstrangles FXI
Sold June 14, 44/53 strangle for 1.07, following Beef at TastyTrade on this ticker again, currently at 47.
ROKU
#ShortStrangles – Once again I’ve demonstrated my uncanny ability to trade directionally by selling those 34 puts yesterday. 😦 Added these this morning when it was looking like I was obviously wrong…
Sold ROKU MAY 4 2018 37.0 Calls @ .65
NVDA
BTC April 27, 195/265 strangle at .17 cents. Sold at 4.00 and a hat tip to Fuzzball for the idea.
EWW LUV
#SyntheticStock – Some more rolling. Easing them up but keeping some downside cushion. LUV earnings next week.
Rolled EWW APR 20 2018 51.5 Calls to MAY 18 2018 52.0 Calls @ .04 debit
Rolled LUV APR 20 2018 55.0 Calls to MAY 4 2018 57.0 Calls @ .05 credit
XLY
#SyntheticStock – Rolling…
Rolled XLY APR 20 2018 101.5 Calls to XLY MAY 11 2018 102.5 Calls @ .07 debit
DG XOM
#SyntheticStock – These have both been on a tear so rolling the best I can. Neither one is really very rollable especially this far ITM. Will have to trade these like I did my old AMZN position. Keep rolling up and out while ITM treating them like a nice trailing stop.
Rolled DG APR 20 2018 94.0 Calls MAY 18 2018 95.0 Calls @ .10 debit.
Rolled XOM APR 20 2018 75.0 Calls to MAY 4 2018 75.5 Calls @ .14 debit (waiting until after earnings to see what I need to do longer term)
Also on XOM:
Bought to Close XOM JAN 17 2020 75.0/72.5 Bull Put Spreads @ 1.10
This leaves just the long calls out in 2020. Made a profit on the short put / disaster put but did add 1.10 to the cost of the long calls.
PYPL
#SyntheticStock – Rolling….picking up another 1.95 of upside. Earnings next week.
Rolled PYPL APR 20 2018 76.5 Calls to MAY 4 2018 78.5 Calls @ .05 debit
SQ #shortputs SQ looks to…
SQ #shortputs SQ looks to be making a move up. Sold April 20th 48.50 puts for 0.50 when SQ was at 49.31. Assignment would put me stock at a 48 basis at the 50dma. Earnings are May 2nd after the close.
LRCX Earnings
#earnings
My order in but not yet filled. Last four quarters $LRCX went up twice and went down twice.
$LRCX STO 4/20 202.50/220 Strangle at 4.20
NFLX call spread
I may be early here but with the momentum slowing I wanted to sell some premium and get some short delta against my stock.
Sold $NFLX May 18 365/375 BeCS @ 1.43 with the stock at 334.34, around 4 dollars off its high of the day. Delta of the short strike is 20.
#shortcallspreads NFLX Idea from TastyTrade…
#shortcallspreads NFLX
Idea from TastyTrade sold May 18, 365/375 for 1.37.
#vxxgame #shortcalls UVXY bought May…
#vxxgame #shortcalls UVXY
bought May 18, 16 call for 1.03, made 1.70. This started out January 29 as a 15 call, rolled twice to May.
FB
#LongPuts #LongCalls #LongLEAPStraddles – Maybe I’m bored but here we go. Already long the 2019 160 calls so on the bounce I’m buying the put side. For simplicity I’m buying the same strike to complete the straddle.
Bought to Open FB JAN 18 2019 160.0 Puts @ 11.60
After this week 39 weeks to run so needing 30 cents per week to cover. Earnings next week but unfortunately I’ll be out that day so going out the week after since it still has a little volatility pumped into it from the announcement.
Sold FB MAY 4 2018 162.5 Puts @ 3.00 (that already covers a fourth of the long put price 🙂 )
So now long Jan 2019 160 straddles against Apr 20 165 calls and May 4 162.5 puts.
Let’s see how it goes!
REGN
#ShortPuts – Sucking up a lot of buying power in an #IRA. Not going to risk a huge selloff…
Bought to Close REGN APR 20 2018 300.0 Put @ .28 (sold for 3.20)
EXR Falling knife
BTC June 60 puts @ .05, sold at 1.28
Closing Early No Braveheart Here
Closing Early
$SPX BTC 4/20 2570/2595 BUPS at .20 STO at 2.00 1.5X normal position size Thank you @jeffcp66
$BIDU BTC 4/20 230/240 BUPS at 5.00 STO at 2.13 This loss half off what it was last week
FB
What do you guys think of this hashtag? #LongLEAPSStraddles ….LOL Considering adding long puts to my FB 2019 long calls and trading them both directions. Whiz is still bearish FB until Zuck gets replaced. Nice premium in both directions. Obviously not a directional play…just premium gathering until all risk is covered and then a nice weekly income.
EWW
#SyntheticStock – STO EWW Apr27’18 55 calls for 0.31. This sale is pretty aggressive I think but I’ve been holding this one unhedged for awhile, and the stock is near a previous high (resistance?)
JPM
#SyntheticStock – BTC JPM Apr20’18 115 calls for 0.03, sold for 0.28. STO JPM Apr27’18 115 calls for 0.27.
#SPXcampaign Sold the long April…
#SPXcampaign Sold the long April 27th 2745 call of my spread at 3.80. This gets me out with a cheap dinner profit. I didn’t want to get greedy. Personally I feel lucky it worked.
SPX calls stopped
#SPXcampaign Closed $SPX May 4th 2760/2785 call spreads for 4.25. Sold for 1.70 on Apr 3rd.
SPX Update
Update:
BTC May 11th 2600 short Puts at 10.70, sold yesterday for 15.40
gain at 30%
STO May 11th 2600 at 10.60
BTC May 25th 2550 short puts at 12.50, sold yesterday at 17.70
gain at 30%
STO May 25th 2550 short puts at 11.90
VRX
Closed Fuzzy +124.25 getting too close to hedge
Closing Early SPX BABA / SPX Campaign / Rolling MTN (hopefully not like Sisyphus)
Closed Early
$SPX BTC 4/27 2435/2460 BUPS at .20 STO at 1.75 Thank you @jeffcp66
$BABA BTC 4/20 165/175 BUPS at 1.00 STO at 1.50
$SPX BTC 4/20 2650/2750 BUPS at 50 STO at 19 Only one contract but what a hit this contract was 😉
#spxcampaign
$SPX STO 5/18 2515/2540 BUPS at 1.60 Thank you @jeffcp66
#rolling
$MTN BTC 4/20 240 call at .12 and STO 5/18 240 call at 1.72
#SPXcampaign BTC my April 23rd…
#SPXcampaign BTC my April 23rd 2725 call for 5.30. I will let the long 2745 run a while.
ROKU
#ShortPuts #ShortStrangles – Replacing the NVDA position with this. Short term and hopefully before earnings. Stock coming out of a nice base and beautiful squeeze. Might add calls if it stays strong….
Sold ROKU MAY 4 2018 34.0 Puts @ 1.00
NVDA
#ShortStrangles – Book ’em and get ready for earnings in a few weeks…
Bought to Close NVDA APR 27 2018 195.0/250.0 Strangles @ .81 (sold for 5.88)
SPX trades
#SPXcampaign
In pre-market, closed on GTC order: $SPX May 4th 2400/2375 put spread for .20. Sold for 1.60 on Apr 6th.
After open, sold SPX May 17th 2540/2515 put spreads for 1.60
Keeping up with the DROP
#VXXGame VXX products plummeting. Only a few positions in trouble, more than outweighed by my short calls that are deteriorating.
BTC $UVXY Apr 27 19 put for 3.95. Sold for 1.56 on Apr 3rd.
BTC $VXX Apr 27 44.5 put for 3.60. Sold for 1.25 on Apr 3rd.
BTC UVXY Jan 2019 70 call for 1.20. Sold for 6.50 (avg price) in February. Still have several remaining.
Sold UVXY Sept 25 call for 2.27
Sold VXX Sept 50 call for 5.65
Bought VXX June 15th 30 puts for .18, adding to my position.
NFLX closed
#Earnings Closed $NFLX Apr 20th 275 puts for .10. Sold yesterday for 3.433 (avg price).
Effective Upside warning possible
#VIXIndicator As I discussed last month, we are in a “double-header” downside warning which is rare. Rarer still is when the second warning does not print a higher VIX high or a lower SPX low. This makes it less clear when we get an Upside Warning. If we measure from the first warning’s spike, we will get the Upside with a close below 17.76 today (which is likely). If we go with the second warning, we have to wait for three closes below 12.61.
I suspect by the time we drop to 12.61, a sustained rally will already be underway. Because of last month’s head-fake, with three closes below 17.76 leading us right into more volatility, I remain cautiously optimistic for new market highs.
Closed Early FB SPX CAT / NFLX Earnings / SPX Campaign
Closed early
$FB BTC 4/20 140/150 BUPS at .05 STO at 1.90 on 3/27
$SPX BTC 4/20 2480 Put at .40 STO at 12.50 Thanks again @hcgdavis Last contract
$CAT BTC 4/20 125/135 BUPS at .05 STO at 1.45
#earnings
$NFLX STO 4/20 275/280/340/335 IC at 2.00
$NFLX STO 4/20 260/270 BUPS at 1.12 Thank you @thomberg1201
#spxcampaign
$SPX STO 5/18 2835/2810 BECS at 1.55 Thank you @jeffcp66
#shortputs STO BMY Jan18’19 45…
STO BMY Jan18’19 45 PUT 1.96
SPX
STO May 16, Bear call spread: 2900/3000 @.45 cents.
QQQ #Calendar Sold April 20…
QQQ #Calendar Sold April 20 164 Call @ 0.80 with QQQ @ 162.79 against my 2020 long 161 Call. Missed the days top with a too aggressive order.
Covered calls
#CoveredCallCampaign #CoveredCalls.
On Friday, closed $SQ Apr 27th 50 call for 1.77. Strike was breached, so I closed, and then stock dropped a lot more. Today, I sold Apr 27th 46 put for 1.20. Getting this roll in before earnings on May 2nd.
Today, closed $FB Apr 27th 175 call for 1.55. Sold for 1.60 on 3/29… I believe I sold this when earnings were expected to be around May 1. Now they are confirmed for Apr 25th, and I don’t want to be in its way.
#pietrade STO 4 DTE FAS…
STO 4 DTE FAS 62 put at 0.73. Will take assignment if below or roll if not.
#SPXcampaign Sold April 23rd 2725/2745…
#SPXcampaign Sold April 23rd 2725/2745 BeCS for 1.80 when SPX was at 2674.08 Impeccable bad timing. 😦
#earnings #shortputspread NFLX Sold April…
#earnings #shortputspread NFLX
Sold April 20, 260/270 for 1.01
VXX dump
#VXXGame Hard to keep ahead of short puts once the drop commences…
BTC $UVXY Apr 27 19 put for 3.45. Sold for 1.56 on Apr 3rd.
BTC $VXX Apr 27 44 put for 2.48. Sold for 1.15 on Apr 3rd.
Closed partial positions. Will close the remainder later, probably roll into short calls, which is the side that always works.
Also, earlier, closed UVXY March 18th 25 call for .54. Sold for 3.175 in March.
SPX calls sold
#SPXcampaign Sold $SPX May 17th 2810/2835 call spreads for 1.50.
SPX Update
BTC May 25th 2550 short puts, at 18.10, prev sold on 4-13 at 25.00
Gain at 28%
STO May 25th 2550 at 17.70
NFLX puts sold
#Earnings. Sold to open $NFLX April 20th 275 puts for 3.65. May add more, and possibly calls if I can find some premium high up.
NFLX kicks it off
#Earnings season begins! Here are the 5-day moves on NFLX. Strong bullish bias. Pulling back now gives good entry opportunity.
Mon 01/22/2018 AC 20.66%
Mon 10/16/2017 AC -4.20%
Mon 07/17/2017 AC 16.59%
Mon 04/17/2017 AC -2.97%
Wed 01/18/2017 AC 3.09%
Mon 10/17/2016 AC 27.75%
Mon 07/18/2016 AC -13.07%
Mon 04/18/2016 AC -11.53%
Tue 01/19/2016 AC -6.64%
Wed 10/14/2015 AC -7.74%
Wed 07/15/2015 AC 12.65%
Wed 04/15/2015 AC 19.33%
SPX calls closed
Good morning!
#SPXcampaign. Closed on GTC order: $SPX Apr 27th 2800/2825 call spreads for .20. Sold for 1.50 on March 28th.
Volatility drop continues. I’m cautiously shifting to a bullish stance, but still need to break through SPX resistance.
Have a great day!
Out all day today but looks like a nice volatility drop to start the week. Wouldn’t have much to do anyway so going to the real job. Back in tomorrow.
Great trading everyone!
Econ Calendar for week of 4/16/18
Be sure to periodically click “Home/REFRESH” to keep Bistro features updated.
Noise
Don Miller’s video over the weekend has grabbed a lot of attention on twitter. Here’s the link:
http://donmillereducation.com/journal/2018/04/13/the-weekend-trader-eliminating-market-noise/
#optionsexpiration Did not have time…
Did not have time to post yesterday (it was windy and warm and I had the day off so kiteboard season officially started Thurs).
XBI BTC 81 puts for 0.3 sold for 1.02 last week.
UTX BTc the 21 DTE 122/131 strangle for 2.49. Sold for many rolls for 2.5 so basically a scratch, wanted to free up the capital to use somewhere else. This was just wasting time and had already rolled 3 times and earnings coming up so just wanted out.
NSC btc 14 DTE 127/141 strangle for 2.8. Sold for 3.63 so same situation as UTX, just wanted the money to use somewhere else.
ERX #fuzzy ran away to the upside so closed for a slight profit. I lost track of the math since I had rolled it but bottom line is I gained back a little more than I put in. Closed for 6.6 and I think I had 6.22 in the trade.
FAS this week 64 cc rolled to next week for 1.25 cb 60.63
FAS this week 65 cc rolled next week for 1.2 credit. cb 58.17
FAS this week 67 cc rolled to next week 65 cc for 1.02 cb 64.11
LNG cc assigned at 54 cost basis 53.27.
Opened TNA ATM cc for next week at 69 for 67.55.
A few observations with all the whipsawing in the market. The leveraged products are easier to roll because of the higher premiums. Even though most of the FAS trades were underwater in 2 weeks that are all back to break even or profitable.
The deep ITM vertical debit spreads #supercharger work very well and easy to convert to #fuzzy if they need adjusting.
#pietrades are still my bread and butter but as @fuzzballl pointed out below, I am also moving towards more ETFs than single names. But they have to be on higher volatility names or the premiums are not there. XBI, FAS, ERX, TNA, TQQQ, UPRO, SMH, UDOW, QQQ, SPY, DIA are all trading well at the moment and I will be focusing on the names that work more consistently and actually require less work. My GM trade has taken 8-9 weeks to break even. ERX was down way more and only took 2 weeks of rolls to break even.
Going with the KISS principle going forward. Finally made back 6k of the SVXY losses in those accounts but still a long long way to go 😦
Spring here as well, 60 mile bike with friends this morning now going out to mow the lawn. Hope everyone gets to enjoy the weekend. Have a few trades lined up for Monday but depends on how we ope with Syria news.
Option Expirations
Mu April 13th 49 Put
OIH April 13 25 Put
XOP April 13th 36.5 Put
Spring has spring in the Carolinas
Have a great weekend all
Options Expirations
#optionsexpiration
$SPX 2625/2650 BUPS Thank you @jeffcp66
$SPX 2575/2600 BUPS Thank you @jeffcp66
$SPX 2720/2710 BECS Thank you @jdietz1954
Everyone have a great weekend. Playing golf first time this year out on Long Island.
A beautiful day to go with a wonderful Bistro. Thanks to all.
Options Expiration for Apr 13
$NFLX Apr 13 282.50/295/315/325 iron condor
$UVXY Apr 13 20/30 BeCS
Have a great weekend everyone.
#Fuzzy Land–Alligators and Atomics :)…
#Fuzzy Land–Alligators and Atomics 🙂 (and Atomic Alligators)
Hi Everyone! Pretty soon this craziness will begin feeling like normal. I’ve got a nice mix of #Alligator traps and Alligator snaps and Atomics that are keeping my account balance relatively stable. After the conversation w/ @fuzzballl on my last post about Alligator Fuzzies, I put the suggestions side and by side and landed back on my original configuration for them. They work really well for long side and short side configs. My SPY beta-weighted deltas are 700, that’s pretty low for me, but it’s giving me stability.
GLD–I’ve got a long #Atomic Fuzzy on this, so no short term hedges. June 128c/128p/125p x 10, 130/134 call credit spread x 14.
FB–I’ve got an Atomic Alligator on this one, a combo. It’s kind of a franken trade w/ mixed expirations, but it’s a short trade around a May 25 165/165/167.5 Fuzzy bear.
IWM–Lots of Alligator traps (bullish) on this, May 153c/153p/150p/ 156c/159c / 156c.
JPM–Today on the dip I put on an Atomic Alligator: May 110/110/105 x 5 @2.08, 115/120 call credit spread @ .99 x 10 (this gives a core trade debit of .10), Apr 20 113 call @ .61 cr x 5.
Q’s and SPY: This is where I have layered in a lot of mixed Alligator traps (bullish) and Alligator Snaps (bearish). It’s a lot to keep an eye on, but having both sure helps with stability on account balances.
SPX: I’ve got a 1-lot Alligator Snap (bearish) on this: May 2665c/2665p/2670c/ 2615p/2595p 2615p
I can imagine someone new reading this post will be scratching their head. I think you can pull the #AlligatorFuzzy for an explanation of the Alligator setup. It’s a mix of a regular fuzzy and Atomic fuzzy. But hit me up if you have any questions.
Have a nice weekend everyone!
Sue
Expirations
#OptionsExpiration – Actually had a couple today….
AZO 640/670 BeCS (sold for 2.65)
OLED 103 Calls (sold for 1.95)
No SPX for you
Flying at 30,000 feet and I can’t load SPX options into the IB platform. Need to sell a call spread, dammit. Guess I could do 60 SPY spreads instead.
JPM puts
On the big move down after earnings, sold some puts in the 6/1 weekly, well below the 200 dma.
Sold $JPM Jun 1 100 puts @ 1.04-1.05.
Market
I wonder if we will get a strike on Syria this weekend? It could be a reason for the weakness tody along with the other political stuff.
AAOI
#ShortStrangles #SyntheticStock – Adjusting to protect myself against some sort of a crazy buyout. Short next week’s 27/31 Bear Call Spreads. Stock has rallied so booking the gains on the long 31’s and buying more calls out and up. Pocketing the difference and maybe using that to finance the 27 roll.
Sold to Close AAOI APR 20 2018 31.0 Calls @ .70
Bought AAOI JUN 15 2018 50.0 Calls @ .35
SQ….Getting back into this one…BTO…
SQ….Getting back into this one…BTO Jan 20 47 calls….need 0.15 per week to cover…STO next weeks 51 call for 0.35….#longcalls #leaps #syntheticstock
UVXY
#BearCallSpreads – Taking weekend risk off and freeing up buying power for the next spike.
Bought to Close UVXY APR 20 2018 24.0/34.0 Bear Call Spreads @ .08 (sold for .79)
Bought to Close UVXY APR 20 2018 25.0/35.0 Bear Call Spreads @ .06 (sold for .65)
>SPX trade
STO May 11, 2300/2400 bull put spread @1.75 which will offset my May 11, 2850/2950 Bear call spread.
#spxcampaign a few trades today…
a few trades today
Apr 13 buy 2665/2645 BePS buy $7 sell $7.50, small profit missed a quick loss
Apr 13 sell 2665/2645 BePS sell $4 buy $3.45, better profit
Apr 13 buy 2655/2645 BeCS sold $11, buy $8.85 best of day
need to cut lawn, have a good weekend
Goodbye CRUS hello SMH
#SyntheticStock #LongCalls #LEAPS – Here’s what I finally decided. The more I trade these types of things the more I like the ETFs vs individual stocks and the straight LEAPS vs synthetic stock if the premium is worth it.
Closed my half size position in CRUS at a loss of 1.50. Taking a full size SMH position (twice the CRUS size) out in 2020 so I’ll roll the .75 loss into the new SMH trade.
Bought to Open SMH JAN 17 2020 105.0 Calls @ 14.80 (15.55 with CRUS loss added)
That is my max risk in the trade with 92 weeks to run requires 17 cents per week to cover.
So:
Sold SMH APR 20 2018 106.5 Calls @ .72
I feel much better about this now vs the CRUS trade. Thought about holding CRUS since it was getting closer to even but figured I’d s**t can it and just concentrate on the SMH position.
Options Bistro 