We have a down opening but I can’t find a reason or any news. It must be the 1987 crash anniversary
Category Archives: Uncategorized
SPX puts closed
#SPXcampaign Closed on GTC order: $SPX Oct 27th 2465/2440 put spreads for .20. Sold for 1.45 at end of Sept.
T
#ShortPuts “Having more T”. Taking advantage of 52 week low to reduce cost basis on this 5.49% yielder. STO Nov 17 36 put (ITM) @ .98 when shares at 35.79
Taking off GWW puts
With the stock finally starting to show some weakness, I closed the hedge (short Oct 200 puts) I originally sold against Oct 200 calls which I rolled to Nov earlier. Small profit.
Bought to close $GWW Oct 20 200 puts @ .45. Sold for .70 on 10/17.
AGN #FallingKnife Sold: $AGN Feb…
AGN #FallingKnife
Sold:
$AGN Feb 16 2018 150 put @ 1.50
$AGN Mar 16 2018 145 put @ 1.50
SPX puts closed
#SPXcampaign BTC $SPX Oct 19th 2550/2525 put spreads for .85. These were monthly contracts, sold last week for 3.25.
SKEW is 150 wow. this…
SKEW is 150 wow. this is the first time I see it reaching this level. This means the market will go down
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY Jan 19 2018 65.0 Call @ 1.28.
This is my last short strike 65 call for this month. Still short 82.0 and 91.0 Calls
Originally sold this one on 08/10/17 at 14.80.
SPX trades
#SPXcampaign Yesterday, closed on GTC order: $SPX Oct 18th 2545/2520 put spread for .45. Sold for 5.40 last week.
Today:
STOPPED: Oct 27th 2560/2585 call spreads for 10.55. Sold for 1.50 on Sept 29th.
#CondorRoll Sold Oct 30th 2535/2560/2570/2595 for 11.10. (very tight condor… I will allow either side to get 10-15 points ITM before I consider rolling)
STOPPED: Oct 19th 2555/2580 call spreads for 8.55. Sold for 1.70 on Sept 18th. Not yet rolled
Closed Oct 25th 2500/2525 call spreads for 24.20. Sold for 22.25 last Wednesday.
#ITMroll Sold Nov 1st 2515/2540 call spreads for 22.20. Added Nov 1st 2540/2515 put spreads for 2.70.
$GWW #ShortPuts – Bought to…
$GWW #ShortPuts – Bought to close GWW Dec 15 2017 120.0 Puts @ 0.05. Out 2 months early at minimum value.
Originally sold as a #FallingKnife trade in July at 1.15 and 1.25.
Long Put Diagonal futility
#VXXGame #LongPutDiagonals I’m starting to close down my ITM short puts against the Long-Put-Diagonals, without rolling them. I’ve kept up with rolling but it has become a futile exercise. I will consider new positions in either short calls or puts once we get some new volatility. But for now, I am shouldering the losses rather than building on them further.
The long term long puts are in great shape and should be ripe for closing about a year from now. That’s plenty of time to make up this month’s losses in additional short sales.
BTC $VXX Oct 20th 43 put for 8.44. Sold for 4.01 on 9/22 on a previous roll (with a 46.5 call for 1.44 that just closed for .03). That’s the basic deal; won’t be posting all trades to exit, but happy to answer any questions.
Rolling GWW
With the continued move up, I rolled the Oct 200 calls out to Nov for 2.72 credit. I’m leaving the Oct 200 put hedge to potentially expire on Friday.
$APA #ShortPuts – Bought to…
$APA #ShortPuts – Bought to close APA Oct 20 2017 40.0 Puts @ 0.01.
Also short the 42.5 Puts for Friday and the Jan 35 Puts
Good morning
#spxcampaign I have spx call…
I have spx call nov 8th 2535/2560 have rolled twice and collected $4.00 total.
present price to close is 18.80.
suggestions to close and break even.
thanks in advance.
$GWW #ShortPuts – The earnings…
$GWW #ShortPuts – The earnings report moved the stock a bit, but the conference call lit a fire under it for now. It’s no longer a #FallingKnife but there is still a big earnings gap in the chart from last spring.
Sold GWW APR 20 2018 155.0 Puts @ 3.10. The strike price is at the yearly low.
HCA covered call
#Earnings #CoveredCalls #LongStock Trump talking in the Rose Garden has some healthcare stocks spiking right now.
Sold $HCA Nov 17th 80 call for 1.30
GWW peaking?
Sold $GWW Oct 20 200 calls @ 1.40. Expires Friday.
Notable Earnings After Close Tues/Before Open Wed:
ABT, ADTN, ASML, CP, CREE, FULT, HBHC, IBKR, IBM, LRCX, MTB, MTG, NAVI, NTRS, PNFP, SCSS, SVU, USB
#ironcondor NFLX Sold Nov. 17…
#ironcondor NFLX
Sold Nov. 17 175/180/220/225 for .98
AA Down 1.4%. Earnings after…
AA Down 1.4%. Earnings after the bell tomorrow. Expected move, at current prices $2.45.
Closed Early $WYNN/Earnings Trade $LRCX/Rolling $NVDA/Short Puts $ADBE
$WYNN BTC 10/20 148 put @ 2.00 STO 10/6 @ 5.40
#earningstrade
$LRCX STO 10/20 185/195 BUPS @ 2.76
#shortputs
$ADBE STO 11/17 145/150 BUPS @ 1.60
#rolling
$NVDA 10/20 185 put to 10/20 195 put @ added 1.19 credit. Thank you @ramie77. Now if we can get the short calls corralled.
$PCG #ShortPuts – Bought to…
$PCG #ShortPuts – Bought to close PCG Oct 20 2017 50.0 Puts @ 0.05 to close out a 1 day trade.
Sold these yesterday at an average price of 0.85.
Letting my strike 45 puts run to expiration this Friday.
tt Cherry Picks
http://tinyurl.com/ybmvx384
Edit:
Earnings Cherry Picks issued Sunday, as noted above
http://tinyurl.com/yafnoxep
Expired/Closed Early/SPX Campaign
Expired
#SPX Campaign
$SPX 2500/2475 BECS @ 2.35 loss
Closed Early
$FLR BTC 10/20 42.5 put @ .30 (GTC order) STO 5/5 @ 1.45 Thank you @ramie77
$T BTC 10/20 35 put @ .05 STO 9/8 @ .75 Again Thank you @ramie77
$WYNN BTC 10/20 135/145 BUPS @ 1.00 58% profit (Last week was a losing position.) Getting skittish TTMAR!
#spxcampaign
$SPX STO 10/27 2575/2550 BECS @ 12.50
$SPX STO 10/23 2530/2555 BUPS @ 4.70
$SPX STO 10/25 2525/2500 BECS @ 23.50
SPX rolls
#SPXcampaign
Closed $SPX Oct 23rd 2485/2510 call spreads for 24.45. Sold for 23.05 last Monday.
#ITMroll Sold Oct 30th 2500/2525 call spreads for 23.40.
Stopped SPX Nov 3rd 2575/2600 call spreads for 4.75. Originally sold for 1.65.
Rolled to a Split-Week Condor (a name I just made up):
Sold Oct 23rd 2565/2590 call spreads for 3.70
Sold Oct 30th 2525/2500 put spreads for 1.45
NVDA roll
Continuing to adjust the position. Rolled $NVDA Oct 20 185 puts up to 195 for 1.28 credit, with the stock now at 197.86. This is paired with 195 calls from the original trade (175/195 strangle) which expires on Friday. With rollups, I’ve taken in 4.17 in premium so breakevens are 190.83 and 199.17.
RH no longer flying
AAOI still tanked, however.
GWW earnings
#Earnings Sold $GWW Oct 20th 180/185 call spreads; filled for 2.51 with an order for 2.50, so you can probably get more. 1:1 risk/reward with a very lousy history of earnings. Biggest UP move: 1.6%, Biggest DOWN move: -11.4%, Average move: 3.8%. Negative bias: -3.4%. Stock must move down 1% or more for this trade to retain max profit.
Rolling AAOI
With most of the time value gone, I rolled my deep in the money $AAOI Oct 20 75 puts out to Nov 24 75 puts (weekly series) for 1.50.
This one is gonna be on the books for a while.
$PCG #ShortPuts #FallingKnife – Sold…
$PCG #ShortPuts #FallingKnife – Sold PCG Oct 20 2017 45.0 Puts @ 0.80 with the stock in freefall.
It finally hit the butcher block at 50.
$AAOI I elected to sell…
$AAOI I elected to sell my small holding and take the hit after being assigned at 58. Out at 43.85. Probably should have waited for the end of the day.
$SPX #spxcampaign Covered up my…
$SPX #spxcampaign Covered up my Oct 31st BuPS with a Oct 31st 2600/2625 calls for 0.50 credit.
NFLX earnings
#Earnings $NFLX seems to be the new kickoff for earnings trades, since the banks last week are pretty dull options-wise. Since it rose so much last week, I’m not finding the greatest premium. I’m thinking of buying a bullish #CallButterfly, 210/220/230 for about 1.25. Low risk for a max 8.75 win, and bullish seems to be the only direction it knows. The other trade is to sell an ATM #IronButterfly 190/200/210 for about 8.15. Similar risk/reward if you think it won’t move much (which was the case last January and April). Here are the FIVE-DAY moves after earnings last 12 quarters:
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%
Tue 01/20/2015 AC 25.41%
Wed 10/15/2014 AC -19.92%
SPX calls sold
#SPXcampaign Sold to Open $SPX Nov 16th 2610/2635 call spreads for 1.50. These are the monthly contracts, stop trading Thursday afternoon and settle Friday morning.
RH flying again
And AAOI tanking
#spxexpectedmove
Econ Calendar for week of 10/16/17
Be sure to periodically click “Home/REFRESH” above to keep Bistro features updated.
Good morning
Another day and still no volatility.
Notable Earnings After Close Fri…
Notable Earnings After Close Fri (Last Week)/Before Open Mon:
None
Notable Earnings After Close Mon/Before Open Tues:
BRO, CE, CMA, CSX, ELS, GS, GWW, HOG, IEX, JNJ, MS, NFLX, OMC, PGR, PLD, SNV, SONC, SYNT, TTS, UNH
http://bit.ly/2xHxw2O
Notable Earnings After Close Tues/Before Open Wed:
ABT, ADTN, ASML, CP, CREE, FULT, HBHC, IBKR, IBM, LRCX, MTB, MTG, NAVI, NTRS, PNFP, SCSS, SVU, USB
http://bit.ly/2xHCjkM
Notable Earnings After Close Wed/Before Open Thurs:
AA, ADS, AXP, BBT, BDN, BHE, BK, BRKL, BX, BXS, CCI, CCK, CVBF, DGX, DHR, DOV, EBAY, EWBC, FNB, GATX, GHL, GPC, HOMB, HXL, KEY, LLNW, MBFI, NUE, PM, POOL, PPG, RCI, SAP, SLG, SLM, SNA, SON, STLD, TCBI, TRV, TSM, TXT, UAL, UMPQ, URI, VZ, WBC, WBS, WGO, WTFC
http://bit.ly/2xHfMov
Notable Earnings After Close Thurs/Before Open Fri:
AIMC, ASB, ATHN, BHGE, CFG, CLF, DST, EEFT, ERIC, ETFC, FFBC, GE, GNTX, HA, HON, IBKC, ISRG, KSU, LHO, MAN, MXIM, NCR, OFG, PBCT, PFPT, PG, PYPL, SKX, SLB, STI, SYF, TACO, TEAM, WAL, WERN
Expiration/Sold Early/Assignment/Short Puts
#optionsexpiration
$SPX 2395/2420 BUPS @ 100% profit
Closed Early
$ALB BTC 12/15 105 put @ .35 STO 8/10 @ 3.70
#assignment
$HIMX 10/13 10 puts @ 10 Basis 9.50
#shortputs
$EXAS STO 10/20/47 put @ .80
#OptionsExpiration Been spending the week…
#OptionsExpiration
Been spending the week in Denver visiting my Mom so haven’t even looked at the market. Hope you all had a great week. This is all I have expiring.
SVXY $55 puts
Have a great weekend
#OptionExpiration
Afternoon. Only 2 positions this week.
$AAOI Oct 13 58 Put Assigned 😦
$SVXY Oct 13th 60 Put Expired 🙂
Have a great weekend all. Fall is finally here in the Piedmont (I hope).
#OptionsExpiration for 10/13 $SVXY Oct…
#OptionsExpiration for 10/13
$SVXY Oct 13 50 puts
I was also assigned early on a portion of $TEVA short 18.50 puts (which I’ve been writing calls against). I’ll keep it (and likely the rest next week) and continue writing calls.
Have a great weekend.
#OptionsExpiration #Weeklys #Oct 13 -…
#OptionsExpiration #Weeklys #Oct 13 – almost nothing this week.
–Expirations —
$SVXY (Weekly) Oct 13 2017 79 Puts
$TAP (Weekly) Oct 13 2017 78 Puts
–Assignments —
$UVXY (Weekly) Oct 13 2017 17.5 Puts
SPX trades today
#SPXcampaign My travels certainly got me backed into a corner to the short side. I managed several ITM rolls but failed to roll away more of them that became ITM. So up to my neck in them now. A pullback to 2500 will net me a huge payday.
Closed on GTC orders:
Oct 27th 2415/2390 put spreads for .20. Sold for 1.50 on Sept 25th.
Oct 23rd 2490/2465 put spreads for .40. Sold for 3.95.
ITM rolls:
Closed Oct 20th 2500/2525 calls for 24.10. Sold for 22.55 last Friday.
Rolled to: Sold Oct 27th 2510/2535 calls for 22.40.
Closed Oct 20th 2530/2555 calls for 20.20. Sold for 5.75.
Rolled to: Sold Oct 31st 2535/2560 calls for 18.05.
Closed Oct 19th 2545/2570 calls for 13.95. Sold for 1.70 on Sept 22nd.
Rolled to: Sold Oct 27th 2550/2575 for 11.65.
Put spreads sold to make up for debits in the ITMrolls:
Sold Oct 19th 2550/2525 puts for 3.25
Sold Oct 23rd 2555/2530 puts for 5.45.
Standard campaign spreads:
Sold Nov 10th 2600/2625 calls for 1.65 (adding to current position)
Sold Nov 10th 2490/2465 puts for 1.55
$ULTA $DISH $ESRX $WBA #ShortPuts…
$ULTA $DISH $ESRX $WBA #ShortPuts #FallingKnife – all S&P stocks at or near their 52Week Low –
Sold ULTA DEC 15 2017 145.0 Put @ 1.45
Sold DISH MAR 16 2018 42.5 Put @ 1.70
Sold ESRX MAY 18 2018 47.5 Put @ 1.37
Sold WBA JUN 15 2018 55.0 Put 1.32
ISRG fat finger
#CoveredCalls – Was long stock covered by next week’s 301.67 calls. Was entering an order to close the entire position at 301.50…willing to give up 17 cents to free up the cash a week early and to not have to hold over earnings. Forgot to adjust the darn price and was filled at 300.88. Ended up costing myself 62 cents but with a basis of 299.13 it’s still a winner.
Had this position on for a long time since a previous earnings play where the call side got demolished on a gap and run. Happy to be out and satisfied with the long grinding comeback!
#antm sto calls nov 10…
#antm
sto calls nov 10 195.50/197.50 @.99
$DUST #ShortCalls – Bought to…
$DUST #ShortCalls – Bought to close DUST Jan 19 2018 90.0 Calls @ 0.05. They won’t trade any lower and carry extra high margin requirements as a 3x product.
They also run for another 3 months.
Originally sold most of these during the DUST run to the high 30’s in Feb at prices from 4.20 to 4.80.
Also sold in early March at 6.80 and 8.00
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY Dec 15 2017 65.0 Call @ 0.76.
Originally sold on 08/10/17 at 10.10.
I still have a couple of these left, sold at higher prices.
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close 1 Jan 18 2019 65.0 Call @ 5.65 with the stock at 16.60.
Originally sold on 08/10/17 @ 22.0.
This is the last of this particular contract. I’ve been averaging down my buybacks just like I averaged up my original sales.
It’s now been over 2 months since the last decent volatility event. I’m wondering if we get to year end without another one.
$UVXY #ShortPuts – another dumb…
$UVXY #ShortPuts – another dumb trade with UVXY at 16.64 and the VIX at 9.55
Sold UVXY Nov 3 2017 15.0 Puts @ 0.74
Have a nice weekend
Once again, I do not have any expirations so will sign off early. Happy triskaidekaphobia.
AAPL
#LongCallDiagonals – Watching this week’s 157.5’s to hopefully expire. Selling new batch a couple weeks out and before earnings…
Sold AAPL OCT 27 2017 160.0 Calls @ .80
SVXY
#CoveredCalls – Keeping a little stock for at least a couple more weeks…
Rolled SVXY OCT 13 2017 93.0 Calls to OCT 27 2017 94.0 Calls @ .59 credit
DGX
STO May 85 puts @ 3.20
A TRADE:
$AA STO 10/20/17 45.0 PUTS @.45, Against my short 45.5 calls.
WDC
#ShortStrangles – Just a quickie. I’ll look to re-establish in earnings week.
Bought to Close WDC OCT 20 2017 80.0/92.5 Strangles @ .19 (sold for 1.22)
AAOI
#CoveredCalls – These aren’t covered yet but they might as well be…
Bought to Close AAOI OCT 20 2017 60.0 Calls @ .05 (rolling this profit into my stock basis)
Sold AAOI OCT 20 2017 48.0 Calls @ 1.20
Selling these a little under my basis but should be able to roll up into earnings if needed…
UHS #FallingKnife Sold $UHS Apr…
UHS #FallingKnife
Sold $UHS Apr 20 80 put @ 1.40
SPX trades yesterday
#SPXcampaign
Closed on GTC order:
Oct 13th 2530/2505 put spreads for .20. Sold on Monday for 2.35
Oct 20th 2475/2450 put spreads for .25.
Closed Oct 18th 2480/2505 call spreads for 24.55. Sold a week earlier for 23.25.
#ITMroll Sold Oct 25th 2500/2525 call spreads for 23.25.
Was able to move up 20 points with only a 1.30 debit; when spreads are this deep ITM the premiums are little changed by moving up multiple strikes, so wider rolls are easier.
HCA/AAOI dump
#Earnings #ShortPuts #LongStock
As noted last night $AAOI has taken its expected dump, one night before my 55 puts were to expire. Will consider my options based on today’s action.
I’ve been waiting for $HCA to recover but it’s taking a big hit today, along with all Healthcare ($XLV) since Trump is expected to cut ACA subsidies. I’m long some stock with #CoveredCalls
$AAOI now trading $44 -…
$AAOI now trading $44 – $47 after hours, No positions
#T sto call spread 11.24.17…
#T
sto call spread 11.24.17 36/41.50/ @ .97
sto call spread 11.24.17 37.50/42/@ .41
if assigned on puts
already have call on
in ira account had to to make spread
SPX Campaign
#spxcampaign
$SPX STO 10/30 2460/2485 BUPS @ 1.05 Thank you @jdietz1954 for idea
Closed Early
$SPX BTC 10/16 2560/2535 BECS @ 15.00 STO 10/11 for 16.50 Thank you @jeffcp66 for fishing lessons.
NVDA
#ShortStrangles – Rolling up the put side for some extra premium. Looks like she wants to break out to new highs…. Thanks @geewhiz112 for the reminder!
Rolled NVDA NOV 3 2017 165.0 Puts to NOV 3 2017 180.0 Puts @ 1.60 credit.
New position is NOV 3rd 180.0/215.0 Strangles @ 5.11 credit (this is still the week before earnings)
Thurs. trade day
STO for next week of ladders
GILD 11/10 78 put at 1.04
EOG 11/10 92 put at 1.01
Rolled WDC 86 call tomorrow out 2 weeks for 2.23 credit. There was still .40 left in it but looking at mys schedule in the office not certain I would have time to trade at lunch. Better to do it early than not at all.
STO WDC 10/27 82 put at 1.18
From my WDC rolls now my cost basis is under 80 and finally showing big profits on the rolls. New trading range looks like 82-87 so as long as we stay there I will keep rolling the calls to take in more cash each week. Also pulled in the dividend of 0.50 last week. Virtual ATM last 12 weeks. The CC generates more cash than the puts but lower ROI.
Unless the market moves a lot tomorrow I am good until next week. Hope everyone has a good expiration week and trade smart!
Cheers, Chris
$VEEV Long Calls
#longcalls
$VEEV BTO 11/17 55/65 BUCS @ 4.90 Risking 4.90 to make 5.10
AA #STO 10/20/17 50.0 CALLS…
AA #STO 10/20/17 50.0 CALLS @.60 Earning 10/18/17 AMC Per FinViz. @Jeff Will you be doing an earnings trade on this?
JILL
More like a #FallingAx
🙂 🙂
VXX adjustment
#LongPutDiagonals – Here’s the latest…adjusting the front month put sales that have (or will be) capping gains.
1. Closed one third of the position using the cash brought in from front month sales. This will open up that part of the 2019 position to continue lower towards zero.
Bought to Close VXX JAN 19 2018 38.0 Puts @ 6.68
2. Rolled the other two thirds of the put positions out and down to 2019.
Rolled VXX JAN 19 2018 38.0 Puts to VXX JAN 18 2019 28.0 Puts @ .31 credit
I made this adjustment after this conversation with TDA this morning:
——————————————————-
10:24 fuzzball: Quick question…any idea when the VXX 2020 LEAPS will be coming out?
10:30 SeanF_TOS: Hello, at the latest I would anticipate them to be issued once the Jan 2018 options expire
10:30 SeanF_TOS: usually they expire the 2018 ones then list the next set the following monday
10:31 fuzzball: Makes sense. I noticed the AAPL 2020’s were already trading. I’m sure it varies from ticker to ticker.
10:34 SeanF_TOS: Yeah they could potentially list them earlier based on trading demand. Exactly there isn’t an exact science to it, we’re usually good at keeping up and putting them on the platform the same day they get listed, but if you ever see them on cboe’s website as available to quote and we don’t have them let us know and we’ll get them listed by the next business day.
10:35 fuzzball: Thanks!
10:35 SeanF_TOS: You’re welcome! Have a great day!
——————————————————–
So…as soon as the 2020’s come out I’ll be rolling the puts again out and down and probably setting up another batch of synthetic short positions above them. Those (the 2020’s) will be capped to the downside again but the much larger 2019 position will be free to run all the way down.
Closing Early and Rolling
Closed Early
$BABA BTC 10/20 185/175 BECS @ 2.70 STO @ 1.31
#shortputs
Rolled $NVDA 10/20 175 puts to 185 puts @ additional .95 credit Part of @ramie77 strangle
#spxcampaign yesterday of the 10.11.17…
yesterday
of the 10.11.17 call 2560/2570 Had sold for .40
btc short side for .05 no fee at tos
2 day play
3.5% return on risk
#T sto put 11/17/17 36.00…
#T
sto put 11/17/17 36.00 @.63-.67
to acquire for divi and cc if mr. market wants me to.
Options Bistro 