STO SPY Apr 27 256/253 Puts .31 #Bitty
Category Archives: Uncategorized
FAS
#LongCalls #LEAPS – This was a fun one. Market doesn’t exactly seem thrilled with the banks so far so I’m staying aggressive into next week too. Already collected 4.70 of the original 10.50 cost of the LEAPS. 3 weeks into the trade with 39 to go.
Bought to Close FAS APR 13 2018 65.0 Calls @ .07 (sold for 2.15)
Sold FAS APR 20 2018 63.5 Calls @ 1.80
SPX Trades
STO May 11th 2500/2600 BUPS at 12.50
STO May 25th 2450/2550 BUPS at 12.50
Both sold while ES was at -11 this morning…
CELG
BTC April 20, 75 puts at .01, Sold At 1.80 on 2 contracts.
SLB
#SyntheticStock – STO SLB Apr20’18 70 calls for 0.40.
QQQ #Shortcall BTC my April…
QQQ #Shortcall BTC my April 13th 162 call for 0.30. Sold 4/11 for 1.02. Going to be away the afternoon so took the risk off. I will cover up the 2020 161 long call next week.
XBI
#Fuzzy – STO XBI Apr20’18 92 calls for 0.38, selling against my XBI Jun’18 88/88/86 fuzzy that has been unhedged during the recent market gyrations.
FB
I rolled my April 20, 180 calls to April 27, 180 calls for a credit of .86 cents. This is a 165C,165P, 160P Fuzzy in 2020. I only need .32 cents per week to break even.
Closing NFLX inverted strangle
This one has been a fight almost immediately after I put it on. It started out as a simple short call (260 in the 1/26 expiration) but I had to keep rolling it up and out and at some point I needed the short puts to keep the rolls for a credit. I then kept rolling the strangles up and out, and finally I had to go inverted to keep bringing in credit. The final position for today’s expiration (because earnings are Monday) was 307.50/312.50 inverted. With the stock between 313 and 313.50 I was able to close this monster for 7.10, for an overall profit of .77 after all the adjusting. Hard to imagine I would get here with how this thing moved. Aggressive rolling was the call here but I have to think I got lucky getting this close enough on expiration day to take off for a profit. I’ll definitely take it.
SMH
#SyntheticStock #LongCalls #LEAPS – Really like the looks of this one for a long term position. Haven’t decided yet since I’m already in CRUS but definitely one to keep an eye on if it pulls back again. I missed it on that last drop to near the 200ma. Almost feel like I have to take a shot. 2019 105s would only need 23 cents per week to cover.
SLB
#SyntheticStock – Earnings next week so I’m trying to give it a little room. If it tanks I’ll roll back in and down.
Rolled SLB APR 13 2018 65.5 Calls to MAY 4 2018 67.5 Calls @ .16 debit (originally sold for .61)
JPM
#SyntheticStock – STO JPM Apr20’18 115 calls for 0.28. Been sitting unhedged on my JPM Jan’19 115/115/110 synthetic position. Seems like a good day to sell, but wished I’d sold these at the open today!
PYPL TLT
Lots of fills coming in….
PYPL #SyntheticStock : Rolling out and up one week into the week prior to earnings.
Rolled PYPL APR 13 2018 76.0 Calls to APR 20 2018 76.5 Calls @ .30 credit
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TLT #PerpetualRollingStrangles :
Rolled TLT APR 13 2018 120.5 Calls to APR 27 2018 121.5 Calls @ .05 credit
OLED
#SyntheticStock – An old earnings gone bad repair trade…needs 99 cents per week. Replacing this week’s expiration. Earnings May 3rd so staying aggressive until then.
Sold OLED APR 20 2018 103.0 Calls @ 1.58
AZO
#BullCallSpreads – Letting this week’s expire so selling next week…cost basis reduction in the Jan Bull Call Spread…long spread is out in Jan with basis already reduced from 26.30 to 9.23.
Sold AZO APR 13 2018 625.0/650.0 Bear Call Spread @ 2.25
Closed Early / Rolled LABU SPLK
FB
#LongCalls #LEAPS – Roll out and up a week. Still a week before earnings…
Rolled FB APR 13 2018 162.5 Calls to APR 20 2018 165.0 Calls @ .50 credit
XBI
#SyntheticStock – A little tougher to roll being 4 dollars in the money. Taking it out to May monthlies. Already collected decent premium against it so don’t mind letting it sit on the back burner for awhile. If XBI tanks I’ll roll it back in and down.
Rolled XBI APR 13 2018 86.0 Calls to XBI MAY 18 2018 88.0 Calls @ even (originally sold for 1.05)
XLY
#SyntheticStock – No time premium left in these so a small debit roll out one week picking up 90 cents of upside.
Rolled XLY APR 13 2018 100.5 Calls to APR 20 2018 101.5 Calls @ .10 debit (originally sold for .93)
SPX condor sold
#SPXcampaign What do you do when you’re bored? A 3-week, 20-delta condor will work. Last one of these I did worked great, so we’ll try again. VIX finally got down to my 17.76 level, but SPX does not yet look like it wants to rally.
Sold $SPX May 4th 2550/2575/2750/2775 #CondorRoll for 7.15.
Also, just filled,
Sold May 11th 2500/2475 put spreads for 1.85.
VXX
#BearPutSpreads – I’ve been selling against my Jan 2019 50/30 Bear Put Spreads….trying to gradually cover the debit. Volatility trying to come down a little so I’m getting out of the way for awhile. Small loss here but the original debit has already been reduced from 12.15 to 11.65. Only need VXX below about 38.35 by next Jan.
Bought to Close VXX APR 13 2018 46.0 Puts @ .76 (sold the 46/41 spreads @ .63)
Of course I’m early…VXX heading back up now… 😦
CELG
#SyntheticStock – In an #IRA so have to cover this week before selling next week.
Bought to Close CELG APR 13 2018 92.0 Calls @ .05 (sold for .50)
Sold CELG APR 20 2018 92.0 Calls @ .70
This more than covers the cost of the core position so working to cover max loss now. Wish I had more time but this was an experimental shorter term out to July.
Also in a different account early assigned on a 100 strike short put. Stock basis 97.80. Will be looking to sell against eventually. Earnings on May 4th before the open.
FFIV
BTC April 20, 130 puts @.05, sold as a falling knife @ 1.05 on 2 contracts. I am covering positions early because I don’t trust this market.
#spccampaign STC my April 13th…
#spccampaign STC my April 13th 2710/2720 @ 0.25. I was filled after market hours. Originally sold Monday for 1.40.
Have a great evening all.
Closed Early / Rolled
Closed Early
$SPX 4/13 BTC Half position 2575/2600 at .50 STO at 1.70 One half to go (hope it does not go the wrong way).
$AAPL BTC 4/20 150/160 BUPS at .10 STO at 1.15
$AMZN BTC 4/20 1180/1190 BUPS at .05 STO at .81 Thank you @thomberg1201
$SPX BTC 4/20 2480 put at 1.90 STO at 12.50 One contract left. Thanks again @hcgdavis
$FB BTC 4/20 140/150 BUPS at .20 STO at .85
Rolled
$FB BTC 4/13 165 call and STO 4/20 165 call for added 2.60 credit against 1/2019 175 call. I think this is a fuzzy but I am still a bit hazy. Is that a double bewilderment? Thank you @fuzzballl
SPX calls closed
#SPXcampaign Closed $SPX Apr 20th 2700/2725 call spreads for 7.05. Sold on Tuesday for 7.50.
For the first time in awhile the VIX is showing actual weakness in the last hour. Need to see what tomorrow brings.
Fuzzy trades
I put on a Fuzzy trade on MSFT and just closed it today for no gain or loss. The problem with this trade even though I bought the 2020 Fuzzy is that MSFT has no volatility. Since there was no Vol. I could not sell the near by weekly calls for much premium. We need good volatility for these trades to work. Lesson learned.
UVXY trades
#VXXGame Took some $UVXY profits and also added some more hedges.
BTC Apr 20th 25 call for .20. Sold for 1.47 on Apr 2nd.
BTC May 18th 25 call for 1.04. Sold for 3.175 (avg price) in March. Leaving one open.
BTC June 15th 40 call for .66. Sold for 2.75 on Feb 2nd.
BTO May 18th 44 calls for .20. Highest strike. My April 59 long calls rolling off next Friday so shifting to May and June.
MU
Closing ROKU
Bought to close $ROKU Apr 20 30 puts @ .30. Sold for 1.35 on 2/22.
Testing… testing…
Turn around?
I’m being cautious with short positions… yesterday was pretty weak in SPX but VIX didn’t budge much and in fact had a lower high, low, and close. And today we are opening strong with VIX further down. Earnings season is starting, and the general bullishness about 1st quarter results may be what breaks us free of this volatility.
Good Morning
Good Morning
QQQ #Longcalls #Leaps #Shortcalls I…
QQQ #Longcalls #Leaps #Shortcalls I decided to follow along in the TQQQ trade but with a little less intensity as I gain experience with this. Bought Jan 17th 2020 161 Call at 19.50 with Qs at 161.33 My price discovery was a bit too aggressive and was filled immediately even though I was below the mark. Sold the April 13th 162 Call @ 1.02 with Qs at 161.20.
REGN
#SyntheticStock – Another week…killing time waiting for the real bounce. Earnings on May 3rd….
Bought to Close REGN APR 13 2018 340.0 Calls @ .30 (sold for 2.85)
Sold REGN APR 20 2018 337.5 Calls @ 2.20
VXX gamin’
#VXXGame
BTC $UVXY April 20th 26 calls for .25. Sold for 1.45 on April 2nd.
BTO $UVXY May 18th 40 call for .30. Adding to my position, which is cheap long calls to hedge the sale of higher-premium, lower-strike calls.
/CL
For those that are interested, and there are now multiple expiration cycles on the options. No weeklies yet but I my hands, er account dirty again.
Back on NUGT
Sold $NUGT Jan 17 2020 55 call @ 5.60. Highest strike in Jan 2020. 1 contract. Will add as/if premium increases or higher strikes become available.
TQQQ
#LongCalls #LEAPS #BullCallSpreads – Thanks @jsd501 for the nice reminder on this ticker. Great premium for setting up a longer term position. As an experiment, I’m buying the Jan 2020 call spreads 100 points wide. TOS is showing an expected move of +/- of 100 points out to 2020. This reduced my entry cost (but caps long term profits).
Bought to Open TQQQ JAN 17 2020 150.0/250.0 Bull Call Spreads @ 28.30
92 weeks for the trade to run so only need 31 cents per week to cover the cost. Goal is to get it covered much sooner and keep selling against the position.
So:
Sold TQQQ APR 20 2018 155.0 Calls @ 3.30
TQQQ
BTO 2020 150 calls at 42.42 and STO April 27, 160 calls @ 2.90
I need .46 cents a week to break even.
Trades this week
#ContangoETFs #CoveredCalls #CoveredCallCampaign #VXXGame #Earnings
Here are a few trades other than SPX:
Today: BTC $DUST Jun 15th 40 call for .25. Sold for 3.05 on Dec 4th.
Yesterday: BTC $FB Apr 20th 160 put for 3.00. Sold for 1.37 on March 19th. Backed out to early, not anticipating the rally the Zuck’s testimony would create.
Friday: BTC $FDX Apr 20th 235 puts for 6.77. Sold for 6.75 on 3/23 as when #Rolling from an earnings trade. I had margin pressure on Friday. Scaling back in since then:
Sold May 4th 235 put for 6.05;
Sold May 4th 237.5 put for 5.55.
This one seems like a buy… it’s just waiting for market to relax.
Friday: Closed $BABA Apr 27th 200 call for .18. Sold for 1.90 on 3/29.
Today: Sold BABA May 11th 195 call for 1.40
Tuesday: Sold $SQ Apr 27th 50 covered call for 1.01
Friday: Sold $UVXY Jan 2020 59 call for 4.80.
WHR
WHR BTC April 20, 125 put At .05, sold as a falling knife at 1.95
Wiping off a little DUST
Bought to close $DUST Jun 15 40 calls @ .25. Sold for 2.70 and 3.20 on 12/4 and 12/5.
LUV
#SyntheticStock – Trying to squeeze one more in before earnings…
Bought to Close LUV APR 13 2018 56.0 Calls @ .05 (sold for .68)
Sold LUV APR 20 2018 55.0 Calls @ .57 (filled one at .60 and the rest at .57)
AAOI
#HolyCrap – Am I seeing that right? LOL
CRUS
#LongCalls #IRA – Another week in the books selling against Jan 2019 45.0 calls. This particular position was started Feb 28 for 6.90 requiring 15 cents per week to cover. Already recovered 2.55 after today’s sale. The stock has dropped almost from the very beginning but overall showing only a small loss.
At this pace the calls will be completely paid for by the end of May leaving 7 more months of selling that will go straight to the bottom line. I’m not sure how it will work out but it seems like it would be fun to have a bunch of these with the calls completely covered with every sale after that being pure profit. If the stock is way down at the point the calls finally get paid off it would be a trade similar to what Jeff does with UVXY. He buys way OTM LEAP calls and then sells shorter term against those.
After having a mixture of synthetic and long call positions, I’m starting to lean towards just the long calls. Simpler to see exactly where you stand and less slop when trying to finally book the position.
Bought to Close CRUS APR 13 2018 40.5 Calls @ .05
Sold CRUS APR 20 2018 39.5 Calls @ .45
MU #shortcalls Sold the April…
MU #shortcalls Sold the April 20 54.5 Call @ 0.55 when MU was at 51.64.
#spxcampaign closed Apr 11 2620/2650…
#spxcampaign
closed Apr 11 2620/2650 BuPS for 10.50, sold yesterday morning for 9.50, spent afternoon sweating it out however.
MU #Long call Morning all….
MU #longcalls Morning all. I decided to go Long June 50 call @ 4.85 with MU @ 50.86. Slow getting it off this morning. I will sell weekly 55 calls once the buying settles down. This is paired with the short puts from yesterday.
Selling puts on RSX
Sold $RSX May 18 19 puts @ .54
Good Mornin
Good Morning
#pietrades Did not have time…
Did not have time to post but at lunch converted my UTX short puts and NSC short puts into strangles. Both going into earnings.
Normally I don’t do this on individual names, but trying to stay in some trades just a little longer to let theta do some work. As soon as I have a profit will close and roll down.
STO 24 DTE NSC 141 call for 0.6. Now have 127/141 strangle.
STO 24 DTE UTX 131 call for 0.6. Now have the 122/131 strangle.
I was looking at doing the same with XBI but is tearing to the upside. As soon as momentum shifts will add call side.
Closed Early / SPX Campaign
Closed Early
$MTN 4/20 BTC 210 Put at .30 STO 12/4 at 6.90 Thank you @jdietz1954
$SPX 4/20 BTC 2480 put at 6.00 STO at 12.50 2/3 of trade still open. Thank you @hcgdavis
$FXI BTC 4/20 51 call at .08 STO at .60 Thank you @thomberg1201
#spxcampaign
Following @jdietz1954
$SPX STO 4/13 2720/2710 BECS at 1.40 Thank you
#SPXcampaign BTC April 13th 2575/2570…
#SPXcampaign BTC April 13th 2575/2570 BuPS for 0.40 Sold yesterday for 1.05
SPX calls sold
#SPXcampaign Sold $SPX May 11th 2825/2850 call spreads for 1.75.
MU
BTO May 18 50/50/48 Bull #Fuzzy 2.77
STO Apr 20 54 Call .46
FB
Looks like the market is happy with the testimony so far…
SPX long spreads rotated
#SPXcampaign Sold to close half of $SPX May 18th 2770/2790 call spreads for 4.25. Bought on Friday for 1.75. Holding the other half for possible end to this correction.
Bought to Open SPX Apr 27th 2450/2425 put spreads for 1.10.
XLK–rolling inverted
Rolled Apr 60/64 inverted strangle up 2 points and out to May 62/66 inverted strangle for .15 credit with XLK currently at 65.85.
SPX calls sold
#SPXcampaign Sold $SPX Apr 20th 2700/2725 call spreads for 7.50.
SPX creeping up again… VIX going nowhere.
Closing NVDA strangle
Bought to close $NVDA Apr 27 195/265 strangle for 1.25. Sold for 4.05 on 3/27. Thanks again for the idea @fuzzballl.
SPX puts closed
#SPXcampaign Closed $SPX Apr 20th 2625/2600 put spreads for 6.50. Sold for 10.25 on Friday.
XOM
Rolled Apr 13 77.5 to Apr 20 80 .35 hope to break eve or small profit if we get there Apr 20 Expire date
HSIC
BTC a falling knife April 20, 60 put @ .05, sold at 1.80 on just 1 contract.
ERX
Rolled Apr 13 30.5 to Apr 20 31 .25 cr
Apr 20 is expire date
SPX Closed 1 May 18…
SPX Closed 1 May 18 2770/2790 3.80 have 2 left small profit cost <0
XBI
Rolled April 13, 91 calls to April 27, 93 calls for a credit of .28 cents. This is a 2020 fuzzy of 88 calls, 88 puts, and a hedge of 86 puts.
#SPXcampaign Sold April 13th 2710/2720…
#SPXcampaign Sold April 13th 2710/2720 BeCS for 1.40. This line is above the short term resistance of the current trading range.
Morning all #shortputs Sold to…
Morning all #shortputs Sold to open MU April 13th 49 Put @ 1.02 with MU at 49.06.
/ES Hedge
#ButterflyHedge – Just for fun…centering it down near last week’s lows expiring this Friday…
Bought to Open BUTTERFLY /ES APR 18 (Wk2) 2560/2550/2540 PUT @ .35
I did it 5 times risking 90 to make 2400
Some reversal, was there a…
Some reversal, was there a stupid tweet I missed or the Syria and trade war rhetoric back in the news?
#SPXcampaign I set up an…
#SPXcampaign I set up an April 13th 2575/2570 BuPS for 1.05 this morning. Filled on the pummeling into the close when SPX was at 2621.25.
MLM July put
Sold $MLM Jul 20 170 put @ 3.10. Will add if premium increases.
SA article: “Leveraged ETFs Decay Dashboard”
https://tinyurl.com/yafndasx
Lunch trades, work is cutting…
Lunch trades, work is cutting into my trading 🙂
FAS sold 4 DTE 65 CC for 1.74 against long stock. CB now 59.37, nice accrued rolls on this one.
NSC 18 DTE rolled out another week 128 put to 127 put for 0.3 credit. CB 126.33
FAS cold 4 DTE 65 CC against long stock for 1.77. CB now 61.88.
I was also looking at the triples and inverse funds. FAS has had several reverse splits, ERX as well. However, TQQQ, UPRO, UDOW, and TNA have only had positive splits. Not saying they cannot go low enough to reverse split but I am trying to refine this ITM debit spread idea #supercharger and I think going with names that are unlikely to reverse split would offer some additional cushion on the way down.
Trying to get the benefits of what we had with SVXY without the pain associated with it going close to zero.
Options Bistro 