STO Dec 15 $170 puts @ $0.93 Followed @smasty trade from yesterday but wanted to enter on weakness. Didn’t catch the bottom but like the $170 level.
Category Archives: Uncategorized
#antm at open closed on…
at open closed on gtc . jan 18 210/205 put @ .57 had open last Friday for .75
What a manipulated stock.
RH rolls
#Earnings Still milking $RH for premium before earnings next week. I’m in the hole from its recent jump higher.
STO RH Dec 1st 105 call for 1.30, adding
BTC RH Dec 1st 95 put for .15. Sold for 1.74 avg price.
Good Morning all
Good Morning all
Short Puts BABA / Short Calls EXAS
#shortputs
$BABA STO 12/15 170/180 BUPS @ 1.15
#shortcalls
$EXAS STO 12/15 60 call @ 1.20 Covered
$CHRW #ShortPuts – Bought to…
$CHRW #ShortPuts – Bought to close CHRW Jan 19 2018 60.0 Puts @ 0.05.
This was part of a #FallingKnife #OptionLadder that is now closed out.
Originally sold at 1.15 in May 2017 and added to at 1.45 and 1.75
Have a good evening
Have a good evening
NDX #Bitty Conversion 2 more…
NDX #Bitty Conversion
2 more orders slipped in before the close. I have a special indicator I’ll share with everyone soon, but it gave me a flag on QQQ, so I quickly layered on a BeCS onto my NDX Bitty from yesterday to flatten deltas, extend range, raise max loss, and increase max profit:
On already from yesterday: Dec 8 6330/6325 BuPS for .80 cr x10
Added: Dec 8 6460/6470 BeCS for 3.26 cr x 5 (half size due to 10-wide)
Also added QQQ #JadeLizard due to backtest study I’ve run for timing.
Dec 15 Short 154 put/ Short 158 call/long 159 call for net credit of .90 x 5 BE 153.07 to down side, there’s .10 of upside risk.
$BBBY #CoveredCalls – Sold BBBY…
$BBBY #CoveredCalls – Sold BBBY May 18 2018 30.0 Calls @ 0.39 with the stock at 21.90
$KR #CoveredCalls – Sold KR…
$KR #CoveredCalls – Sold KR APR 20 2018 28.0 Calls @ 0.55 with the stock at 23.51
$M #CoveredCalls – Sold M…
$M #CoveredCalls – Sold M FEB 16 2018 25.0 Calls @ 0.63
$UVXY #ShortCalls #ClassicVXXGame – bought…
$UVXY #ShortCalls #ClassicVXXGame – bought back a large number of contracts in several accounts when they finally dropped to a penny.
Bought to close UVXY1 JAN 19 2018 60.0 Calls @ 0.01. These were pre-split contracts on 25 shares.
Sold between February and May at prices from 1.76 up to 6.20.
Also Bought to close UVXY1 JAN 19 2018 33.0 Calls @ 0.01.
Sold in August at 1.51
Rocket Man Trades
SPX sold half of longs
#SPXcampaign Sold to Close $SPX Dec 1st 2615/2630 call spreads for 9.00. Bought Friday for 2.25.
Keeping other half until Friday. Also still holding Dec 8th 2620/2640 spreads bought yesterday for 3.50.
BA #Bitty roll You guys…
BA #Bitty roll
You guys are probably ready to boot me? Sorry I’m a very active trader, will try to consolidate more. Rolled a Boeing Bitty (that’s fun to say). Closed a Dec 8 260/257 bitty for $220 profit, opened a new one: Dec 15 262.5/260 BuPS for .45 x 12.
AMZN
STO December 15, 1060/1110 bull put spread @ 1.05
ADSK Fill Got a fill…
ADSK Fill
Got a fill on ADSK. This is a 2 part trade. Screen shot is below if you want to load it in to the analyze tab (see caution below)
Part 1: #PutRatioSpread Bought to open 5x Dec 1 121 put, Sold to open 10x 120 put for net credit of .80
Part 2: #CallDiagonal Sold to open 138 call x 5 for 1.06, Bought to open Dec 29 145 call for .91, net credit of .15
A lot of people don’t realize that with #TimeSpreads (like diagonals and calendars) it’s impossible to know what the max profit will be. You cannot trust your blue P/L line in TOS…that line will move up and down based on volatility, and with the long call out in the future–the best you can do is to model an x% vol crush in TOS (15-25% usually) to make sure your trade isn’t killed by lower vol. In the morning, that blue line will have contracted, so what can look like a great trade the day before earnings, can get very deflated upon market open, and many people don’t understand why it’s tricky to work time spreads around a known vol crush. But I’ve found credit diagonals, particularly, to be wonderful add-ons for earnings for increasing range, max profit, and balancing deltas.
The Put Ratio Spread is one of my all time favorite trades. It is a net long-delta trade that can provide a wonderful profit range. Really, the put ratio spread is identical to a Jade Lizard. If you put the two graphs side by side, they are the same. In fact the Jade Lizard creators at Tasty Trade have started doing JL’s using all one side of the option chain; puts for regular, calls for reversed. Put ratio spreads, since they are sold for a net credit, have no upside risk.
The Call Diagonal is a nod to all the bearish fund flow I’ve been watching on ADSK. There are a lot of Dec 120 puts being bought by funds, and the Dec 130 and 140 calls are being sold. So I designed the call diagonal spread around that 140 line.
There is risk on both sides of this trade. TOS is showing break even at 117.88/145.64. In reality that upper break even number will come in quite a bit in the morning. I prefer to consider the risk of a naked put as “long stock assignment”–I never consider it to be undefined risk. The upside of this trade is defined risk, but it’s wide, there will be pain if ADSK jumps over 140.00. Once again, pre-market defense (on a run up) will be buying some shares in after hours.
SPX calls sold!
#SPXcampaign Okay, so I finally sold some calls… put in an order I didn’t think would fill, but…
Sold $SPX Dec 29th 2695/2720 call spreads for 1.50.
SVXY rolling
#VXXGame #StrangleRoll
Closed $SVXY Feb 115 call for 12.75. Sold in the 80/115 strangle for 13.85
Closed SVXY Dec 15th 95 put for .93. Sold for 5.25 on Oct 20th
Sold SVXY March 75 put for 4.10
Selling SVXY June 150 call for 10.00 (not filled yet)
BIDU
#SyntheticStock – Booking the weekly and selling another batch…
Bought to Close BIDU DEC 1 2017 250.0 Calls @ .25 (sold for 1.95)
Sold BIDU DEC 8 2017 245.0 Calls @ 2.91
You’d think Rocket Man
Would have an affect for more than 30 minutes. But the honey badger market just keeps pushing on.
ROKU
#ShortStrangles – This is why I’m non-directional. As soon as I take a bias one way or the other (adjusted to be long this morning) a twitter war breaks out amongst the experts and the stock sells off. I don’t want any part of it for now. Bailing with small profit.
Bought to Close ROKU DEC 15 2017 42.0 Puts @ 2.75 (sold for 3.01)
NTNX #SyntheticCoveredCall I love NTNX….
NTNX
#SyntheticCoveredCall I love NTNX. I love their story. I love their technology. I loved them at IPO. I loved them at $45. I loved them at $14 (yes I held and hedged all the way down). The stock is nice for swing trading. Options are monthlies only (hoping for weeklies soon!). They have earnings on Thursday. Selling an in-the-money put is pretty identical to a #CoveredCalls (without having to buy stock). I would like to get about 15 short puts lined up before earnings, the thought being that stock assignment would give me a 1/2 size position, leaving room for more put selling after the report.
STO tranche #1: Dec 35 puts x 5 at 2.80 Will look to add 10 more over the next 2 days.
North Korea up to old…
North Korea up to old tricks again
STO EXPE Dec 15 121/120…
STO EXPE Dec 15 121/120 .17
Upside Warning update
#VIXIndicator Checking in on the progress of this upside warning, referencing my post from the weekend:
https://optionsbistro.com/2017/11/25/upside-warning-in-effect-2/
The predicted HOD’s, based on the average of all highs from past Upside Warnings, measuring from the close on the warnings day (which in the current case was Friday, 11/24):
Mon, Nov 27 Predicted: 0.44% 2,613.87 Actual: +0.15% 2,606.41
Tue, Nov 28 Predicted: 0.46% 2,614.42 Actual: +0.73% 2621.31 (thus far)
So we fell short yesterday, but have gone over today. Of the 4 occurrences this happened before (mild rally first day of Warning, strong rally on second), the averages are:
Day 1 +0.78%
Day 2 +1.43%
Day 3 +1.76%
Day 4 +2.15%
…and then levels off for a few days. Not enough data to make conclusions there, but fun to look at anyway.
#Earnings I’ve been a big…
I’ve been a big earnings trader for a long time. Everyone says “oh earnings, it’s just a crapshoot!” Well, yes and no. My 3rd Quarter track record was 74.4% wins with 5-digit net gains on earnings trades. I backed off on doing a lot of earnings in Q4 just because I needed a rest. Earnings, done right, is hard work. You are up at 4am to watch reports, you don’t stop working until after 6pm. But I’m now rested up and ready to do some earnings trades into the end of the year. I thought I’d share my process here before showing you my ADSK trade. I do this on every earnings setup as my analysis design process:
1. I begin by looking at historical standard deviation moves and comparing them to what market makers are pricing in. This is “real math” standard deviations, not the “standard deviations” that some people like to toss out. I pay particular attention to black swan events in the last 2 years.
2. Then I look at average % moves over the last year
3. Then I look at the MM expected move
4. I note the expected report results for eps/whisper/revenue
5. I look back in my trade journal to see how I traded previous quarters and how it worked out
6. I do an extensive technical chart analysis
7. I use the CMLViz backtester to see what trades have historically worked for earnings (i.e. it will show if 30 delta naked puts have a 100% historical win rate for the 1 day of an earnings trade).
8. I subscribe to “Trade Alert” which shows where “smart money” (large funds) is placing their earnings bets. So I do a sentiment and options chain analysis going back a week.
9. Then I’ll begin design work. Some stocks tend to have a mini vol crush before the close (before report), so I’ll put those trades on earlier. Stocks where vol stays bid before the close I’ll wait later in the day for opening trades. My style is to be much less directional and more about wide profit ranges. Naked calls don’t bother me when I know I’ll be able to buy stock after hours. I never seem to be able to short stock after hours, there’s never any to borrow. I size everything for my risk tolerance.
I’ve got an ADSK design I’m working up that I’ll report on when filled. I’m looking at a #PutRatio coupled with a #CallDiagonal. There is a lot of bearish sentiment by funds in ADSK this week, which is surprising given the strength of the chart–but clearly holders are nervous going into this report.
Sue
SPX, and another reverse roll
#SPXcampaign Jumping on this train that I don’t think will stop until 2630 (at least)
Closed $SPX Dec 1st 2625/2650 call spreads for 2.90. Sold for 1.70 on Oct 31st.
Sold Dec 1st 2615/2590 put spreads for 4.80. This more than covers that roll, also can help cover the one I stopped earlier.
Assumes not much pullback before Friday. That’s what I think is in the cards.
I have only two more short call spreads, currently at 3.40 (Dec 22 2655/2680) and 4.60 (Dec 29 same strikes). I’m going to leave them for today.
Jeff, you have done a…
Jeff, you have done a great job on this blog. Keep up the good work.
VIX unleashed
The VIX seems to be living in a separate universe… swinging wildly today as markets just march higher.
SPX #bitty Bought to close…
SPX #bitty
Bought to close Bitties in 4 accounts, originally placed on Nov 21. 2565/2560 #BuPS and 2570/2565 BuPS, all were sold for .70-.75 net credit, all covered today for .40 net debit, net profit $1200.00
December 18 Reload in 4 accounts:
Sold to open 2580/2575 Bitty (BuPS) for .70 x 40 total contracts. Target close 50% .35.
VXX update
#LongPutDiagonals I got out of all short puts awhile back, letting my $VXX Jan ’19 long 20 puts to prosper unheeded. Mid-price currently 3.60, with avg purchase was 1.77. I anticipate closing these next fall for over 10.00.
Closed $VXX Dec 15th 30 call for 1.75. Sold for 6.50 (avg price) in October. Leaving one more to exit cheaper.
SPX how to deal with bullies
#SPXcampaign Answer: just get out of short call spreads.
Stopped $SPX Dec 8th 2635/2660 call spreads for 2.90. Sold for 1.51 on Nov 10th.
Waiting to roll.
NFLX #Bitty Bought to close…
NFLX #Bitty
Bought to close at 50% target. Nov 21 sold the Dec 8 190/180 #BuPS for $1.20, covered today at .60. 10 contracts = $600.00
After reviewing the chart I have decided to re-load with a modified #JadeLizard or #SkewedIronCondor . New trade entered: Dec 15 long 180 put/short 190 put/short 202.5 call/long 205 call x 10 for 1.68 credit. Break even 188.33/204.19. Target is 50% .84 for cover. My modified Jade Lizard uses 25/5 deltas for the put side, 35/30 deltas for the call side.
SPX bully
#SPXcampaign It’s off to the races on the Upside Warning once again.
Stopped: $SPX Dec 14th 2640/2665 call spreads for 2.90. Sold for 1.50 on Nov 16th.
Trying to #ReverseRoll, maybe I could get a small pullback? Too much to ask?
SOLD SPX 15 DEC 17…
SOLD SPX 15 DEC 17 2525/2425 PUT @1.95
SOLD SPX 15 DEC 17…
SOLD SPX 15 DEC 17 2510/2410 PUT @1.65
STMP
#CoveredCalls – Was still holding stock from an old earnings trade and had it covered with ITM calls for max downside protection. Chart looks like crap so I’m #ReverseRolling covered stock into a strangle. I don’t want to possibly get stuck with another falling stock and selling calls forever. Goal was to get out even once the earnings trade busted.
So:
Sold to Close covered stock @ 167.15 (that was a loss of 3.90)
To make up the loss and get back to a slight profit including commissions:
Sold STMP DEC 29 2017 160.0/195.0 Strangle @ 4.30
ROKU Sold to open Dec…
ROKU Sold to open Dec 29th 40 Puts @ 1.70 with the stock @ 50.00. The fill surprised me since I put the order in with the stock at a buck or so lower. Anywho I am planning to close up shop mid month when my daughter rolls into town on the 16th. Pushing thing out to the 29th OpEx so I can mostly walk away with alerts set.
#t btc jan 2019 35…
#t
btc jan 2019 35 put @ 3.70 had sold for 4.25 , 3 weeks ago (about)
ROKU
#ShortStrangles – Reversing call side to puts and closing original puts…
Original trade was:
Sold ROKU DEC 15 2017 35.0/60.0 Strangles @ 3.19
I’m getting out of the way of the call side of this…
#ReverseRolled ROKU DEC 15 2017 60.0 Calls to DEC 15 2017 42.0 Puts @ .22 credit
And to stay inside my risk tolerance:
Bought to Close ROKU DEC 15 2017 35.0 Puts @ .40 debit
New position is now regular old 42 strike short puts @ 3.01
STO $FB Dec 15 delta…
STO $FB Dec 15 delta 19 puts 177.5 at .71, 50% target
STC $VMW Dec 1 127 long call (pre ER), bought at $2.30 sold at $3.20
$MRO #ShortPuts – Bought to…
$MRO #ShortPuts – Bought to close MRO Jan 19 2018 10.0 Puts @ 0.01. They don’t expire until next year.
STO CELG Dec 1 101/99…
STO CELG Dec 1 101/99 .15
Closed Early BABA
$BABA BTC 12/15 195/190 BECS @ Breakeven
yesterday sold PCLN 1715/1710 .25…
yesterday sold PCLN 1715/1710 .25 today added 1790/1792.5 .30 both side well out side MM move
SVXY UVXY VXX
#GroundhogDay … 🙂
MOMO Earnings
I do a lot of earnings event trades using a very specific analysis process. I did a short #ratio-strangle yesterday, sold 3×1 dec 1 34 calls/28.5 puts. Closed the calls at the open for 89% profit. The lower break even was blown this morning so I sold inverted calls as defense. Extended downside range by another .95, upside range is wide due to taking the short call profit.
AAOI
These are trading just like stock at this point so just rolling for a credit to continue basis reduction. This is about the right time to roll to maintain max daily theta for something this DITM…
Rolled AAOI DEC 15 2017 80.0 Puts to JAN 19 2018 80.0 Puts @ 1.00 credit
REGN
#CoveredCalls – Guess I’ll keep selling all the way to zero… 🙂
Bought to Close REGN DEC 1 2017 392.5 Call @ .20 (sold for 4.70)
Sold REGN DEC 15 2017 380.0 Call @ 5.45
STMP stock
#Earnings #EarlyAssignment #LongStock
I was assigned on all $STMP Dec 1st 200/180 put spreads, so now I only carry long stock. I just sold the last long put for 4.00. With all the selling of naked options, put spreads, and finally the long puts left after short puts in the spreads were assigned, my cost basis is 179.62. About where we’re trading now. I’ll start peeling this off before it returns to 200.
Good Morning
Good Morning
SPX puts closed
#SPXcampaign Closed on GTC order: $SPX Nov 29th 2585/2560 put spreads for .40. Sold for 10.15 on Nov 15th.
Pre-market puts closed
#SPXcampaign In pre-market, closed $SPX Dec 14th 2450/2425 put spreads for .30. Sold for 1.55 on Nov 14th.
Expiration / Roll FB / Short Puts SQ
Running late lately. Sorry about posting so late. Life happens.
#optionsexpiration
$SPX 2560/2585 BUPS Thank you @jeffcp66
#rolling
$FB STC 12/8 180 call BTO 12/22 185 call for 1.75 credit.
#shortputs
$SQ STO 1/19/2018 35/40 BUPS @ .75 That’s what I get for placing orders night before
YM Trades Today
Hey everyone, I’ve enjoyed reading…
Hey everyone, I’ve enjoyed reading everyone’s posts, and wanted to thank Jeff for inviting me to be a contributor. I’m Sue (AxeCap-Sue at Simpler Trading), live in Colorado, been trading for 38 years. I’ve been a full time options trader for 20 years. You can count on me to be completely transparent with my trades; totally honest on fills, wins, losses. My core skills are income trading, complex setups, defense, earnings events, and CMLViz (backtesting). Here’s my contribution for you: #Bitties. Anyone whose been hanging out at ST has heard over and over again about Bitties. Here’s the bitty story that I wrote recently for the ST Forum:
In May 2017 CMLViz was delivered to many of us in Simpler Options. Everyone started racing to find the high-return plays, 600%, 800% 1000%. A few of us though took the opposite route and began searching for the high win-rates. Trades that win over 90% of the time, with lather-rinse-repeat characteristics. EVERYONE (including me) was skeptical about these trades because the risk/reward is upside down. A LOT of risk for little reward.
It turns out that 25 Delta, either naked put or as the short anchor of a put spread, is a real sweet spot for these high win-rate trades. I call the 25-delta my “Jeep Wrangler” of deltas, because it can get very smacked around, up hills, down hills, stuck in ruts, and usually can always land on its tires.
I started doing the trades (all naked puts or put credit spreads) on SPY, LMT, MSFT, FB, QQQ, IWM, SPX, NDX in May—not sure at all how this little experiment would work out (because like most of you, risk:reward has been pounded into my head). I always size trades for risk and assignment assumptions, so the trades (with high risk) remained small. After a few days the close orders started hitting, for $150.00, $170.00, $300.00 profit, over and over and over. That’s how they got the name “Bitties”…because the profits are “Bitty”….but it’s like picking up money off the sidewalk. Within just a few weeks the profits (in multiple accounts) were adding up into the thousands, with close orders hitting every couple days.
Flash forward to November 2017, I’d like to say I have not had a single loser or assignment since starting this in May, that is almost true. 2 weeks ago I closed an LMT put spread early for a $170 loss (that is the only loss I’ve taken on Bitties since starting). Profits in just the above-mentioned tickers will hit $100K this year Not quite all of that is Bitties, but Bitties are definitely the majority.
Bitty strategy is fluid and always evolving. Those of us doing Bitties are always looking for ways to limit risk, gain more profit, foresee vulnerabilities, dial in time frames and profit targets.
I’ve found the sweet spot for Bitty expirations are 20DTE. Short timeframes provide more events/year with accompanying payoff. Although even tighter timeframes (19-7 DTE) test out well historically, they really don’t provide enough range to absorb normal market volatility.
In the past my favorite bitty was naked SPY puts, 20DTE, 25 Delta, with a mutli-year 98% win rate (at an 80% cover). With the end of the year here though, a great trading year in my book, I’m definitely focusing more on spreads for risk protection. The SPX $5-wide spreads give a really nice risk reward setup for a #Bitty, much better than SPY (roughly double the premium for the half the risk in SPY (25/5 spread), with no assignment/div risk).
As of right now the SPX 25/23 delta put spread, 20DTE, 50% cover, no stop, is backtesting at a 97.1% win rate over 3 years. A 25/23 is such to capture a $5-wide spread in the backtester.
One last thing everyone always asks….what about when the market rolls over. For me, that’s easy, the bitties flip to #Jade Lizards (or skewed iron condors) with additional premium collected on both sides of the trade: higher premium on the put side and the call credit spread kicker extend the downside range. The Jade Lizards are modified for risk using a 25/5 delta put spread coupled with a 35/30 delta call spread.
The Bitty trades I have on right now:
NDX Dec 8 (only way to get a $5-wide), 6330/6325 .80 cr placed today 11/27/17
SPX Dec 8 2570/2565 .70 cr, getting close to target, trade is in multiple accounts
SPX Dec 11 2565/2560 .70 cr, getting close to target, trade is in multiple accounts
Listen I totally get it if you don’t understand the rationale behind these risk:reward setups. I was there too. But I will just point to the win rate and say….it’s been an awesome year. I’ll keep reporting on Bitty trades here, but wanted to give some thorough background about them in the first post.
Sue
AAOI
#ShortStrangles – The grind continues…
Bought to Close AAOI DEC 1 2017 44.0 Calls @ .10 (sold for 1.15)
Sold AAOI DEC 15 2017 42.5 Calls @ 1.15
#ShortPuts SVXY Sold to open…
#ShortPuts SVXY Sold to open Dec 15th 100 Puts @ 1.40 with SVXY @ 114.16. Meant to save the order in ToS but hit the send button and was filled immediately. No chance to correct. Rats.
$SQ #fallingknife candidate in the…
$SQ #fallingknife candidate in the making
Major drop today, look for opportunities to sell puts
Another experiment/idea?
What do you guys think about tweaking LEAPs to a modified covered straddle? In other words using WDC as example at current prices, buy at leaps call either ITM or close to money, then sell weekly/monthly straddles against it. You could also buy an OTM put leap as disaster insurance. Similar to our synthetic long/shorts but the advantage by selling a straddle or strangle each week is that you bring in a lot more premium, double in most cases but on individual names I don’t like selling calls naked. Burned on HNZ a few years ago on a strangle.
For WDC example BTO 85 2020 call. STO 12/8 87 call. STO 12/8 85 put. Could put it on for about 15.62 at current prices. On a 10 lot break evens of 84.2 and 93.61 with 11 day profit of 2554 max.
Adding a 75 2020 put would add 12.30 or so and narrow the break evens and lower max profit to 1321 but limits downside risk to 10 points. With 781 DTE that would give potentially 111 weeks to sell straddles. Figure 25% would need adjustment but still a killer return. Figure $3-4 premium each week with ATM options could cover the entire trade in about 3-5 weeks if, and a big if everything stays in a tight range.
The reason I am thinking about this is I accidentally did this with GILD and selling straddles/strangles has really improved my recovery on a trade gone wrong. Going out 2-4 weeks I can sell an ATM straddle for about 4. I was assigned at 79, cost basis was 78.1 and change. 2 weeks of selling straddles I am almost at break even with GILD at 71.55 and have some long LEAPS puts at 77.5. So effectively covered on both sides and can sell the crap out of weekly options to both sides without having to tap into too much margin.
Thoughts, comments? Anyone else doing this or tried it?
SPX trades
#SPXcampaign Sold to Open $SPX Dec 29th 2500/2475 put spreads for 1.45.
Bought to Open Dec 8th 2620/2640 call spreads for 3.50.
#optionladder STO SWKS 39 DTE…
STO SWKS 39 DTE 102 put at 1.35 at the open, should have waited better prices now.
$SEE #ShortPuts – Bought to…
$SEE #ShortPuts – Bought to close 1 SEE Jan 19 2018 37.0 Put @ 0.05.
It won’t trade any lower.
Originally sold in May at 1.25 as a #FallingKnife trade.
$SVXY
A couple of small short term trades just in case the we don’t get a pull back near term. Upside warning is telling me a pull back of any size is not likely in the next couple of weeks.
STO Dec 8 $90 puts @ $0.50
STO Dec 15 $80 puts @ $0.37
#VXX Game #ShortPuts Trying to…
#VXX Game #ShortPuts Trying to induce a pull back. Sold to open Dec 15th 100 Puts @ 1.50 when SVXY was at 114.42.
$SVXY #shortputs buy to close…
$SVXY #shortputs
buy to close Dec 08 $100 puts for $2.00, sold 11/22 for $2.90
$UVXY #shortstock buy to cover…
$UVXY #shortstock
buy to cover UVXY at $13.10, sold 11/3 for $14 (call exercised). My indicators show negative divergence on SP-500, we’ll see but taking protective action.
edit: call not put
Morning all I Rolled my…
Morning all I Rolled my Dec 15th 30 Puts up to Dec 15th 40 for a 1.95 credit when ROKU was at 43.83. The 30’s were trading at .20, originally sold for 1.25 on 11/16.
WDC
#ShortStrangles – Some sort of a downgrade so getting a nice dip here…
Sold WDC DEC 29 2017 82.5/92.5 Strangles @ 2.50
TQQQ
I unwound my TQQQ WIZ trade for a nice profit. I am a little nervous as usual. The trade was put on for a debit of 51.32 and the weekly calls reduced the cost basis to 48.12, and my credit today was 54.50 so a profit of 6.38, I got tired of trying to roll the weekly calls for a profit.
BTC TQQQ 2019 80 put
STC TQQQ 2019 80 call
BTC TQQQ Dec. 1, 137 call
$LB #ShortPuts – Bought to…
$LB #ShortPuts – Bought to close LB Jan 19 2018 32.5 Puts @ 0.05. They won’t trade any lower and don’t expire until next year.
Originally sold on 08/15/2017 at 1.35 as a #FallingKnife trade and then added to the position on 08/17/2017 at 2.10.
SPX trades
#SPXcampaign Closed $SPX Nov 27th 2490/2465 put spread for .20. Sold for 2.00 on Wednesday.
Stopped SPX Dec 14th 2635/2660 call spreads for 3.35. Sold for 1.90 on Nov 14th.
#ReverseRoll Sold Dec 8th 2585/2555 put spreads for 4.00. (I meant to do 25-wide, but mistakenly sold 30-wide).
ISRG
#ShortStrangles – Currently short a Dec 8th 360/420 @ 4.30. Rolling the put side out another week and up to the 50ma for a little more credit.
Rolled ISRG DEC 8 2017 360.0 Put to DEC 15 2017 380.0 Put @ 1.00 credit
$C
At the open, STO $C Dec 8 $70.5 puts @ $0.46
Options Bistro 