Adding a position in November at the highest strike (now 68).
Sold $KOLD Nov 16 68 call @ 2.00.
Category Archives: Uncategorized
TQQQ Bearish Fuzzy
I rolled my March 23, 155 puts out to April 20 for a credit of 3.77 Position is:
long 165 puts
short 165 calls
long 170 calls
short 145 puts
FB
Whiz’s take on Facebook…
XOM
#SyntheticStock – Late fills…
Bought to Close XOM MAR 23 2018 75.5 Calls @ .03 (sold for .35)
Sold XOM MAR 29 2018 74.5 Calls @ .48
#shortstrangles Converting some #pietrades to…
Converting some #pietrades to strangles on the weakness. Went for a run, when I left looked like the market was firming, came back to chaos and panic. It was only an hour run!
Anyway STO ANDV 22 DTE 108 call at 0.5 for 95/108 strangle and put side cost basis 94.19
STO UTX 29 DTE 134 call at 0.48 for 125/134 strangle with put side cost basis at 124.03
STO NSC 22 DTE 143 call at 0.85 for 131/143 strangle with put side cost basis at 129.1
If they rebound will buy stock, otherwise it basically doubled theta rate and should be able to roll or close early for some profit.
#spxcampaign Probably a bad idea,…
Probably a bad idea, but I had a stink bid for SPX that got executed
STO SPX Apr19 2500/2490 1.10 CR
STO SPX Apr19 2475/2465 0.95CR
#SPXcampaign Well… I am out…
Well… I am out
BTC SPX Apr19 2570/2560 1.65. Originally sold for 0.80
BTC SPX Apr19 2550/2540 1.45. Originally sold for 0.80
BTC SPX Apr13 2600/2590 1.45. Originally sold for 0.70
This is a bit more selling more than expected.
#earnings #shortstraddle MU Follwed Mike…
#earnings #shortstraddle MU
Follwed Mike at TT April 20, 59.50 straddle for 8.07
VXX
#BearPutSpreads – One fill today on the short side of BuPS sales to finance BePS
Bought to Close VXX MAR 23 2018 38.0 Puts @ .01 (sold for .53 as part of 38/33 BuPS)
GM #pietrade Rolled the 39…
Did I miss anything?
Picked a good day to exchange, renew, and re-activate all my Comcast stuff down here. Boring day?? 🙂
X going inverted
Sold $X Apr 20 40 straddle on 3/13 for 4.70. With today’s big move down in steel, I’m rolling the calls down to 36 for 1.20 credit. Total credit now 5.90. If the stock finishes between the strikes (36 and 40) total profit will be 1.90. Now let’s see if it can cooperate.
#shortputspread AAPL sold April 20,…
#shortputspread AAPL
sold April 20, 160/165 for .88
SPX calls
#SPXcampaign I love getting short at the lows! Always a joy.
BTC $SPX March 26th 2700/2725 call spreads for 8.50. Sold for 4.30 this morning. I’ll figure how to roll toward the end of the day.
Adding some KOLD
In August
Sold $KOLD Aug 17 60 call @ 1.50. Starting small and will add (there’s also a 70 strike available in Aug) on a move up.
CAT Apr put spread
I may be a bit early but I wanted to sell some out of the money premium on this. April expiration (before earnings). IV is high (IVR 64). Short strike is 10 points below current price.
Sold $CAT Apr 20 140/130 bull put spread for 1.13-1.14.
AMGN Oct
It’s been profitable to sell puts on this when it gets to the bottom of the range (in this case near or below the 200 day moving average).
Sold $AMGN Oct 19 140 puts @ 2.45
Adding to Aug AYI
Already short 100 puts in Aug.
Adding at 2 strikes lower:
Sold $AYI Aug 17 90 put @ 1.45
#FallingKnife
/es
The 2665 voodoo line (elliot wave line) seems to have stop the fall today to the tick. Not taking any directional trades today but worth watching.
What do you think @fibwizard?
#pietrades New trades FAS 3/30…
New trades
FAS 3/30 expiration 65 CC cost basis 63.65
FAS 3/30 exp. 64 CC cost basis 62.70
LNG 4/6 exp 55 CC cost basis 53.79
Existing position or adjusted
FAS tomorrow 68 CC cost basis 67.20 Will let expire then open ATM on Monday. Still has 1.05 time value in it so being a little greedy sine the market makers are being greedy on the spreads today. Work any orders you are trying to get through.
UTX 29 DTE 125 put cost basis 124.51, watching this one closely and may convert to a #fuzzybear if it keeps going.
ANDV 22 DTE 95 put cost basis of 94.69
ERX 15 DTE 21/26 vertical debit at 25.41. If we drop below 26 will convert to #fuzzy
GM 15 DTE 39 CC cost basis 38.75. Problem child I will be rolling for weeks. Goal is to keep selling right at dropping cost basis just to let it clear out then moving on to another name. This one no longer trading well for #pietrades
NSC 22 DTE 131 put cost basis 129.95. This one will probably replace GM in the rotation.
I am starting to notice something with triple ETFs, they are easier to roll and manage than some individual names because the premiums are so high, especially on the call side. FAS can get about 3 ATM and because of the call skew selling ITM CC gives some downside protection. Don’t load the boat with them but getting 100% annualized returns just by selling weekly ITM CC #pietrade syle.
Hope everyone has a good week. My work has been so busy may only get to trade Thursdays for a while.
SPX trades 2
#SPXcampaign Sold to Open $SPX Apr 19th (monthlys) 2475/2450 put spreads for 1.80.
#ReverseRoll Sold March 26th 2700/2725 call spreads for 4.30, as a roll from Apr 20th puts stopped earlier. One of my very short term reverse rolls to make up premium quickly, or possibly explode in my face. Keeps things interesting.
VRTX closed
#Earnings #Assignment #IronButterfly #CoveredCalls
Sold $VRTX stock (100 shares) for 167.50.
Originally 160/167.5/175 iron butterflys (3) sold for 5.60 on Jan 31st. Closed most before expiration but forgot about one put, so assigned stock at 167.50. Sold today for the same price. With all premium selling and covered calls since then, total profit on the trade is $1,543.
I purchased UVXY, a little…
I purchased UVXY, a little later than planned, at $17.60 and $17.82 as price was running away. Glad I did it is now $18.14 still at top of upper Bollinger Band.
Downside signal
#VIXIndicator — we just crossed an intraday signal above 22.25 on the $VIX. A close above this level will mean a Downside Warning.
#shortputspread SBUX Sold April 20,…
#shortputspread SBUX
Sold April 20, 55/57.50 for .51, idea from Tatsytrade morning 3-mail, maybe become a #pietrade down the road.
#creditspread Sell to open UVXY…
#creditspread
Sell to open UVXY March 29 17/25 calls for 0.85 and 1.00 cr as prices bounce around. I plan to cover with purchase of underlying if prices moves near $17.50
SPX trades
#SPXcampaign I’ve a feeling we’re going lower.
Stopped: $SPX Apr 19th 2580/2555 put spreads for 3.25. Sold for 1.75 on Monday.
#ReverseRoll Sold March 28th 2735/2760 call spreads for 3.35
Stopped: SPX Apr 20th 2595/2570 put spreads for 3.85. Sold for 2.00 as a 1.5x roll on Mar 14th.
No roll yet.
Closed SPX Apr 13th 2870/2895 call spreads for .25. Sold for 1.80 on Mar 14th.
FB FUZZY
BTO 2020, 165 calls
STO 2020, 165 puts
BTO 2020, 160 puts for a total price of 31.24
STO April 20, 180 call @ 1.44
WYNN re-entered as STO Jan18’19…
WYNN re-entered as STO Jan18’19 put with a strike at 100. Got 1.92
FB update
Hi everyone! The FB #PutRatioJadeLizard from yesterday was closed today for 33% profit. My target was 50% but, as you know, when a underlying hits the right-side slope of a Jade Lizard risk graph the accrued profits start dropping off. But I opened a new #IronCondor on it. Because the alternate sides have different strike widths I skewed the contract amounts.
Apr 20 150/155/182.5/185 5×7 IC (5 on put side, 7 on call side), net credit 5.83, BE 153.80/183.30
I plan to layer in a lot of SPY Put Ratio Jade Lizards whenever there’s a 20DTE on the chain.
Today: Apr 11 +273p/-272p x2 @2.37cr, -275/277 CCS @ .69 cr
A long time ago I wrote about waiting for a 3-of-5 bar 1-standard deviation up move before trusting a rally. It’s looking like that might be a good rally indicator, only because we can’t seem to barely get a 1-SD up move at all. In SPX we now have 16 straight bars I think with a 20-day 1SD up move rolling total of 1. I’ve only found 3 times in history going back to 1987 where we’ve gone this long with so few 1SD up moves. It speaks to the choppy nature of markets, and to not get faked out on rallies until a solid string of 1SD up moves unfolds. I’m watching it every day, will obviously keep posting about it.
Sue
#shortcallspreads AZO IWM March 16,…
#shortcallspreads AZO IWM
March 16, sold a fuzzball inspired March 23, 670/675 call spread for .83, decided to close today for .25,being careful, particularly after taking it on the chin on a Tradewise IWM call spread today as well.
CELG
#SyntheticStock – I’ll generally leave these closing orders in for a nickel through Wednesday. After that I’ll lower them to about .03 on Thursday and then .02 or .01 on Friday. Figuring I can pay the nickel on Wed and make it up by getting to sell next week’s a few days early.
Bought to Close CELG MAR 23 2018 93.0 Calls @ .05 (sold for .47)
Sold CELG MAR 29 2018 91.0 Calls @ .61
Short Puts CRM
#shortputs
$CRM STO 4/20 120/125 BUPS at 2.20
SQ
Yesterday after my hedge got run over for a 3rd time in 4 I closed my Sept 46/46/44 #syntheticstock which I opened 2/28.
All said and done made $4.18 per spread. Waiting for a pullback to get back in.
Adding a ladder rung to CLX puts
Sold $CLX Oct 19 105 puts @ 1.50
ERX
Rolled Mar 23 29 Call to mar 29 31 .35 debit part of Hedge on 28/28/26 Apr #Fuzzy
#longput Sell remaining UVXY Mar…
Sell remaining UVXY Mar 29 $16 puts for $1.95, also bought 3/19 for $1.10
#longput Sell to close UVXY…
Sell to close UVXY Mar 29 $16 put for $1.90, bought 3/19 for $1.10
DG
#SyntheticStock – Another sale…
Bought to Close DG MAR 23 2018 97.0 Calls @ .05 (sold for .80)
Sold DG MAR 29 2018 95.5 Calls @ .74
PSA TXN UNP XBI
Freeing up some cash in the #401k. Planning on moving part of it into a longer term hold and re-balance strategy for a longer term time frame similar to this:
https://portfoliocharts.com/portfolio/golden-butterfly/
Bought to Close PSA JUN 15 2018 160.0 PUT @ .45 (sold for 2.50)
Bought to Close TXN APR 20 2018 105.0 PUT @ 1.23 (sold for 3.00)
Bought to Close TXN APR 20 2018 100.0 PUT @ .50 (sold for 1.90)
Bought to Close UNP MAY 18 2018 125.0 PUT @ 1.10 (sold for 3.70)
Bought to Close UNP MAY 18 2018 120.0 PUT @ .70 (sold for 2.45)
Bought to Close XBI JUN 15 2018 75.0 PUT @ .65 (sold for 2.13)
FB
BTO FB Mar 29 BF 175/180/185 .95 taking a shot
Dividend stocks
#Dividends Looking to help my sister with her IRA… she wants decent dividend stocks on which I can also sell #CoveredCalls. Already bought her some $AAPL.
Any other recommendations out there. I’m not too in-touch with the #YieldHogs.
GIS
STO October 40 puts @1.40
MGM
#SyntheticStock – Looks like it might be running out of gas here (as I’m typing this it’s rallying 🙂 ). Booking a small winner and looking for something with some better upside potential. these were just straight calls instead of synthetic. 37 cents per contract gain…been in and out of this ticker a few times so overall adding up nicely.
Bought to Close MGM APR 6 2018 36.5 Calls
Sold to Close MGM JAN 18 2019 35.0 Calls
MU
MU financial report is tomorrow 3/22/2018 after closing of the market. This one usually bullish and does not move much after financial report.
#ironcondor GOOGL Followed Beef at…
#ironcondor GOOGL
Followed Beef at TT April 20, 1030/1035/1160/1165 for 1.95
SPX calls closed
#SPXcampaign I wanted to wait for Fed announcement, but this break above 2720 is too much pressure. The deeper dive I was expecting never came through, and it is expiration day. Can’t risk it any longer.
BTC $SPX March 21st 2710/2735 call spreads for 13.50. Sold for 10.20 on Monday.
CRM Long Calls / SPX Campaign
#Longcalls
$CRM BTO 8/17 120/130 BUCS at 4.65 Expect their $MULE acquisition to be accretive.
#spxcampaign
$SPX STO 3/23 2575/2600/2800/2775 IC at 1.35 Thank you @jeffcp66
Falling knife
STO GIS, 35 puts @.51
STO, SJM, 95 puts @1.60
STO, SJM, 90 puts @1.14
#shortputs ORCL Sold April 20,…
#shortputs ORCL
Sold April 20, 46 put for .48
FB Fuzzy
STO April 27, 180 calls @2.60
Closing Sep CMG
Bought to close $CMG Sep 21 180 put @ .85. Sold for 5.10 on 2/12.
No Spring But I Hear TWTRing
#ShortPuts
$TWTR STO 4/20 31 put at 1.16
Are the hash tags working as you type them in? Mine aren’t. Perhaps they are trying to tell me to stop?
LUV
#SyntheticStock – Was seriously considering booking this one yesterday since it was up 2 dollars per spread…so much for that. Looks like the weekly selling will continue.
Bought to Close LUV MAR 23 2018 60.0 Calls @ .05 (sold for .60)
Closed DVN Put / Rolled CBOE Covered Call / Rolled SQ Covered Call
#closed early
$DVN BTC 3/23 33 put at 1.25 STO at 2.45.
#Rolled
$CBOE BTC 4/13 122 call STO 4/20 123 call at .20 added credit. Stock basis now 118
$SQ BTC 4/6 53.5 call STO 4/20 58 call at 1.70 debit. Rolled this one several times. Now cost me 2.00 but assignment price raised from 45 to 58. Stock now at 58.18. Rolling is dizzying. Don’t know how @fuzzballl does it so often. Must be his pilot training.
#pietrade Rolled UTX 16 DTE…
Rolled UTX 16 DTE 126 put down to 125 30 DTE for 0.36 credit.
I could take assignment but with the chop plan to stay farther OTM, roll earlier, and only take assignment at what looks like a base or good price.
FB-fuzzy
In my IRA:
BTO 2020,165 call @ 31.25
STO 2020, 165 put @ 22.86
BTO 2020,160 put @ 20.51
In at 29.50 and waiting for a bounce to sell the weekly calls. Maximum loss is 34.50 so I need .36 cents per week for the next 95 weeks.
More FB puts
Sold $FB Apr 27 (weekly) 150 puts @ 2.40
How is spring working out…
How is spring working out for you so far?
I’ll keep the flowers up for the week so our East Coast members have some solace from what’s outside their windows. Stay safe and stay warm!
#SPXcampaign Jeff, are you still…
Jeff, are you still holding $SPX Mar 21st 2710/2735 call spreads? I opened the 2715/2740 and just wondering what your plan was for rolling.
Short Puts AMZN
#shortputs
$AMZN STO 4/20 1360/1390 BUPS at 1.36
FB #PutRatioJadeLizard I’m focusing on…
FB #PutRatioJadeLizard
I’m focusing on 3-way trades now…theta positive trades with wide profit ranges that will make money with an underlying move in any direction. Lately my fav trade is to combine a put ratio spread (the pit-traders’ fav) with a Bear Call Spread for a Put-Ratio-Jade-Lizard. Here’s the trade I did today on FB:
Apr 6, bought 160 p x 2, sold 157.5 put x 4 for 2.35 net credit, 170/172.5 Call Credit Spread for .70 cr x 2, total credit is 3.05, since it’s greater than the CCS-width there is no upside risk. Break even is 152.60, with max risk being assignment of 200 shares of long stock at that level. So, that allows for a substantial continued downside move, or not. I did the trade awhile ago, it’s already up about 25%.
Sue
p.s. anyone else having trouble w/ email updates on posts? nevermind, my browser notifications were disabled somehow.
p.p.s Nice background Jeff!
OLED
#SyntheticStock – Partial fill on a 2 lot…LMAO!
Bought to Close OLED MAR 23 2018 133.0 Call @ .05 (sold for 1.50)
FB may not end the…
FB may not end the day down 5%, but this is interesting
It does not happen often, but it's happening to Facebook right now. S&P 500 stocks with a market cap of $50+ billion dropping 5% or more on back-to-back days. Here's every instance, and what happened on the third day. Via @OddStats. $FB $GOOGL $NFLX $GE https://t.co/b1MeoGLGt1 pic.twitter.com/oCiRZDe2ti
— StockTwits (@StockTwits) March 20, 2018
#shortputspread FB Tradewise rec for…
Tradewise rec for FB April 20, 155/157.50 for .75
OLED
STO June, 75 puts @.85
STO September, 70 puts @1.85
#shortcallspreads ANET I’m no chartist…
#shortcallspreads ANET
I’m no chartist but it looks like 300 is resistance, sold April 20, 310/320 for 1.75
Long volatility
#VXXGame Added a couple positions on the assumption volatility will remain a bit elevated.
Sold $UVXY April 20th 14 put for 1.05
Sold $VXX Apr 13th 38.5 puts for 1.10
Short Calls EXAS LABU
#shortcalls
$EXAS STO 3/23 49.50 calls at .80 Thank you @honkhonk81
$LABU STO 3/23 95 calls at 2.70 Covered
FB beating
We were all early selling puts on this one. Looking like a decent buying opportunity… I can’t imagine their current troubles will greatly effect profits, but they are taking a bigger toll than I expected.
#CoveredCallCampaign Closed on GTC order: $FB April 6th 190 call for .18. Sold for 1.85 on March 5th.
FDX earnings
#Earnings Selling $FDX March 23rd 240/270 #ShortStrangles. Legging in… so far filled on some 270 calls at .50. Order in for 240 puts at 1.20. This strangle leans bullish based on historical performance on earnings.
Biggest UP move: 11.8%, Biggest DOWN move: -4.5%, Average move: 3.8%. My strikes are about +6.7% and -5.1% OTM.
TQQQ
Rolled the March 23, 195 calls down to April 20, 180 calls for a credit of 4.45
Position is now 180C, 180P, 175P, and April 20, 180 calls
#coveredcalls #fallingknife TRTN
Finally was able to follow Tabortrader with October 40 covered call, couldn’t get filled a couple times, will pick up a couple nice dividends on the way. TRTN has been beaten down to 31, I’m also short Oct. 40 and 35 puts Ive been rolling.
Cool, nice job Jeff
Cool, nice job Jeff
FB
STO May 18, 135 puts @1.15
STO June 15, 130 puts @ 1.20
Options Bistro 