$DDOG 90/95 BUPS
$TSLA 560/580 BUPS
$NVTA 50 Call
$TLRY 7.50 put
$JKS 50 put Thank you @jwardb737
$APPS 35 put Thank you @jsd501
$MARA 9 put
$NEO 45 put
$PENN 73.50 put
$PENN 76 put
$DKNG 48 put
$EXAS 100 put Thank you @jsd501
$Z 130 put
$MRVL 43 put
$MRVL 44.5 put
$MRVL 45.50 put
$SLV 23 put
$TQQQ 143 put Thank you @jsd501
$YOLO 14 put
$PLTR 25.50 put Thank you @honkhonk81
$T 31 put
Offset a lot of these profits by ill played $AMZN 3250/3300 BUCS which was more than 50% profit
yesterday and I managed to close it with loss of 80% of what it cost. Greed not good. BTO @ 24.20 STC @ $4.95.
Hi Everyone! Big winter storm bearing down on us here in Denver. The last time I remember a snow on Sep 8 was about 22 years ago, I was working for a dot-com startup that went public with a billion $ and lost it all. Another thing that happened over 20 years ago was that I was a subscriber to Power Options. I know that because I purchased a course from them a couple weeks ago and had to update my address on the platform….an address over 20 years old in the pacific northwest.
So, I just love collars, and have found several different ways to structure them, as you know. But….I can’t even begin to tally up the amount of $$$ I lost on the collar ceilings in the last quarter. TSLA, AAPL, NVDA, PTON, ROKU, even JNJ. I stumbled onto “The Blueprint” course at Power Options and decided to take the plunge. It’s $339 I think. I am super enjoying the course though, well worth the money. There is so much nuance and depth to collar structures—one might think them simple, pedestrian–but there are layers and layers of beautiful complexity to them. This one (Blueprint) uses very long term (5+ months) and very DITM puts for the married put portion. (Think, a long term $120 put on a $100 stock guarantees a $120 sell price—the only risk in the position is the extrinsic above the strike. The positions start off with no ceiling limitations, just significant downside protection from a higher stock price). Then they have 12 various income methods to cover that extrinsic risk, thus yielding a “bulletproof” position. The income methods—some are obvious, but many are VERY unique in the management of this type of position. Then the course originator (Radioactive Trading, which has partnered w/ Power Options) has hours and hours of highly informative webinars that further train and explain application of the income methods.
Power Options has developed into a pretty robust scanning platform. They have a cool list for covered calls called the “7/11” list. The companies on the scan provide covered call ops with at least 7% return on assignment and at least 11% downside protection. I started using the 7/11 list for collar candidates. WKHS, posted by @honkhonk81 this week is on the list, so I put a collar on it this week.
Along w/ purchasing the Blueprint course Power Options gave me 6 weeks of free trial.
Geez, I know this sounds like an advertisement, but NO affiliation, not looking for any referral credits here….just passing along a good thing, worth the price. The Radioactive Trading site probably has free videos to review if interested.
CC STO 8/14/20 22.0 PUTS @.63 Trying to acquire stock cheaper.
$PZZA 57.5 Thank you @jsd50101
$TWTR 35 Assigned
$DDOG 42 Assigned
$XOP 35.50 Thanks @ramie77
$UVXY 20 Thank you @jeffcp66
$CODX 10 Thank you @honkhonk81
$PTON BTO at 3.79. Ill be pedaling for a while to make this back.
$SPX 2865/2890 BUPS STO 9/10 at 1.35
$SPX 2960/2985 BUPS STO 9/12 at 2.85 Thank you @jeff
By Golly $OLLI All were opened after earnings release which dropped the stock.
$OLLI STC 9/20 55/60 BUCS on 9/10 for 4.50. BTO 8/29 at 2.97
$OLLI BTC 9/20 55/60 BUPS on 9/16 for .20/ STO 8/19 at 2.03
$OLLI BTC 9/20 55 puts at .05 on 9/12. STO 8/29 at 1.35
Have not been posting lately. A little out of sorts. Hope to be back soon.
$TQQQ Rolled 9/20 65 calls to 10/4 68 calls at even. Gain three points if called away. These sold against 66.67 LEAPS. Collected 68% of call cost so far.
$STNE BTC 9/20 30 put at .05/ STO 8/19 at 1.00. Thank you @fuzzy
$NUGT Rolled 9/20 35 put to 9/27 34 put at .37 debit.
$PLAN Rolled 9/20 50 put to 10/18 for added 1.10 credit. Thanks @honkhonk81 for original idea.
$EXAS STO 9/20 109 calls at 1.05
#ShortPuts – Had to leave for awhile today so missed the biggest drop. Trying to catch a little bit of the move anyway. Starter position at 34% annualized if held to expiration or a 6.2% divvy @ a 25.80 basis. Hopefully get to add a couple more later. Thanks @honkhonk81 for the heads up!
Sold KHC SEP 06 2019 26.5 Puts @ .70
Thanks @honkhonk81 for bringing my attention to this one.
Sold $HIIQ 7/19 jade lizard–short 26 puts + 34/37 bear call spread–for 3.20 credit.
$SFLY BTC 5/17 45 call and STO 5/17 42.50 call for 1.60 added credit. Plan is to have stock taken away.
$WK BTC 5/17 55 call and STO 6/21 60 call at .30 credit.
$BURL STO 5/17 160 call at 1.70. Again, want the stock taken away. Please nobody acquire it tonight. 😉
$AMD STO 5/17 27.50 call at .47. Thank you @honkhonk81
$BA BTC 5/17 400 call and STO 5/24 360 call at .95 credit. Sold against long leaps.
$TNDM BTC 5/17 65 puts at 2.60. Have been rolling since 4/7. Total credit taken in 5.15.
Assigned this morning stock $2000 (Yikes) Fortunately stock had a good day and I could close
the 5/3 1190/2000 BUPS at .50 per contract less than a total loss. Sold on 4/30
$CVX STO 5/10 119 call at .78. Sold against 5/17 long 125 calls. The 5/3 120 calls expired. Sold for 1.52. If this expires the losing trade (so far) of the long call will be reduced by 2.30. They were bought for $3. And another week possible.
$LABU BTC 5/3 50 call and STO 5/10 51 call at 1.45 added credit (Covered) Thank you @hcgdavis.
$SFIX 28 call (covered)
$FB 195 calls
April 26, sold a post earnings, @honkhonk81 influenced 95 put for 2.10, bought today for .70
Channeling my inner @honkhonk81
$SYNA STO 4/12 39 puts at $1.00
$AMRN 16 put
$HIIQ 31 and 33 puts Thank you @honkhonk81
$EVTC 30 puts
$TNDM 59.50 puts
$NTNX 35 put Thank you @honkhonk81
$AVGO 260/265/267.5 #BrokenWingButterfly (calls), exercising for 2.20 credit (bought for 1.65).
$ADBE 245/250/280/285 condors, sold for 1.20 yesterday. Thank you @jeffcp66 for both.
$NFLX 325/335 BUPS STO Valentine’s Day for 2.50.
Lost My Shirt Much too much patience. Threw away rabbit’s foot and four leaf clover. We will see what happens
$GOOGL 1180/1160 BECS STO 2/28 for 3.10
$LULU 145/155 BUCS BTO at 4.75 on 2/5
$TNDM BTC 3/15 70 call and STO 3/22 73 call at $1 cost. Stock at 73.14
$HIIQ BTC 3/15 40 put and STO 3/22 40 put at $1.30 credit. Stock at 34.17
Have a great and green weekend, and a greener remainder of the year. If you drink, do not trade! 😉
$BURL Assigned shares at 165 and 167.5 via a bullish trade on earnings. Stock currently at 143.52. Plan to sell calls if stock stabilizes. Right now it looks to be made of lead.
$SOXL BTC 5/17 100 call and STO 5/17 125 call at even. Stock currently at 117
SFIX BTO stock to cover short calls @27.45
HIIQ STO 3/15/19 33.0 PUTS @1.70
HIIQ STO 3/15/19 CALLS @2.90 Stock reported & crashed
$SQ 65/70 BUPS
$AAP 140/150 BUPS
$SPX 2690/2710/2810/2790 1 DTE IC I love using codes.
$T 29 Short Call
$FB 165 call (Covered)
$EXAS 85 put
$HIIQ 31 put Thank you @fuzzballl
$HIIQ 33 put
$HIIQ 38 put Thank you @honkhonk81
$TNDM 43 put
$KEM 17 put
$NVDA 140 put Earnings trade
$CRM 145/140 BECS
$TQQQ BTC 2/15 50 calls and STO 3/15 53 calls for additional .80 credit.
Happy Valentines Day to all. Not much left of it but enjoy.
$SPX BTC 2/11/2745/2730 BECS at .05. STO today at .85 Thank you @jeffcp66
$JPM BTC 2/15 90/100/110/100 IC at 2.30 STO 1/14 for 5.14 Thank you @thomberg1201 for the earnings trade
$SAVE STC 2/15 BUCS at 4.20 BTO on 1/29 for 1.90
$EA BTC 3/15 75 puts at .10. STO on 2/7 for 1.68 after their earnings announcement (poorly received initially).
Thanks to @ramie77
$AMZN BTC 2/1 1590/1600 BUPS as part of earnings IC at .20 Made 85% of max. Stock started to look soft in late afternoon and I did not want to be correct, I just wanted a profit. Thank you @jeffcp66 BECS expired!
$ROKU BTO 3/15 40/50 BUCS at 4.80. Earnings Feb 21st
$TQQQ BTC 2/1 46 call and STO 2/15 48.50 call at .15 credit. Sold against leap.
$NFLX BTC 10/5 375 calls and STO 10/19 400 calls at added 2.10 credit (covered)
A TRADE: Not your usual BuPS . The higher strike is above the stock price. I did it this way because the margin usage is 280.0 vs. 1800.0 +. So I make almost 100% on the trade for a 22 day wait. Yah, I WANTED to sell the 45.0 put. I think TNDM will be @ 45.0 by expiration, but that’s just my gut feeling, no edge. So, a little risky. Ride ’em cowboy. ;>)
TNDM STO 9/21/18 45.0 PUT @3.60
TNDM STO 9/21/18 40.0 PUT @1.50 Net Premium 2.10
$NFLX 340/345 BUPS Total Loss
$FB 160/170 BUPS Expired worthless as opposed to total loss
$FB 155/165 BUPS Expired worthless
$SPLK 115 Call Covered
$TRTN 35 call Covered Stock taken away Basis 31
$DBX 32.5 call Covered
$AAXN 65 call Covered
$TNDM 28 put Thank you @honkhonk81
$M 8/17 40 puts Earnings trade gone awry. Perhaps profitable by Black Friday? Basis 38.95
$WTW 8/17 89 puts Earnings trade result. Will be waiting for the fat going back into account. Basis 85.20
$MZOR 8/17 70 puts rolled to 9/21 at even Getting dizzy from rolling this one
$NFLX 8/17 315/325 BUPS at 2.10 STO at 1.75
$SPX BTC 8/24 2760/2785 BUPS at 1.00 STO at 2.70 on 8/10 Thank you @jeffcp66
$GOOGL STO 9/21 1180/1190 BUPS at 2.81
Enjoy the rest of the weekend. Thanks for all the thought provoking discussions.
Yesterday I forgot to check earnings, on MZOR, had a 100 shares and a 65.0 August Put. Well it was down over 10 points this morning. Needless to say, I wasn’t happy the rest of the day. So learn from this, and check EARNINGS DATE on your trades. I know I learned from this, the hard way. Good thing I used risk management, and didn’t have too much.
$SCHN BTC 4/20 36 put and STO 5/18 36 put at .30 added credit
$MZOR BTC 4/20 70 put and STO 5/18 70 put for added .70 credit
$NFLX 340/335 BECS
$SPX 2795/2770 BECS Thank you @jeffcp66
$TSLA 305/300 BECS more than offset by
$TSLA 295/300 BUPS Missed the tail on the donkey with pinning! ;-}
$FB 170/175 BUPS Total Loss
$NKTR 90/100 Total Loss
$FB 135/145 BUPS
$NFLX 275/280 BUPS
$NFLX 260/270 BUPS
$SPX 2665/2690 BUPS Big Loss but not Total but still BIG OUCH! Will I ever learn?
$CAT 125/135 BUPS
$AMZN 1360/1390 BUPS
$GOOGL 1030/1035 BUPS
$FB 140/150 BUPS
$ALGN 230/240 BUPS
$WHR 120 put Thank you @ramie77
$SIG 35 put Thank you @optioniceman
$TWTR 31 put
$MSFT 92.5 put
$RIG 10 put
$SPX BTC 3/23 2800/2775 BECS at 9.50 STO at 2.80
$SPX STC 3/14 2810/2830 BUCS at 3.50 BTO at 2.20 Thank you @jeffcp66
$SPX STC 3/16 2840/2860 BUCS at 1.80 BTO at 1.70 Thank you @jeffcp66
$BIDU BTC 3/16 270/260 BECS at 4.00 (GTC Stop) STO at 1.92
$WYNN STC 3/16 165 calls at 25.20 BTO for 9.80 on 1/30 All gone now.
$MZOR STO 4/20 70 puts at 2.80
$MU STO 3/16 57.5 puts at .80 Thank you @honkhonk81 Good luck to all
$SCHN STO 4/20 36 puts at 1.45
$SPX STO 4/20 2650/2750 BUPS at 19.00 Thank you @fibwizard
$ETE STO 2/23 17 call at .30
$DVN STO 3/2 35 call at .81
$NFLX BTC 3/16 230/240 BUPS @ .40 STO 2/5 for 2.15
$NFLX BTC 3/16 220/235 BUPS @ .40 STO 2/13 for 2.06
$GS 345/255 BUCS
$SPX 2575/2600 BUPS Thank you @jeffcp66
$AA 59 call
$BAX 65 put
$SVXY 30 put Thank you @jsd501
$SVXY 37.5 put Thank you @jsd501
$SVXY 42.5 put Thank you @fuzzballl
$XOP 34 put
$T 36 put
$TAP 75 put Thank you @ice and @fuzzballl
$TAP 77.5 put Thank you @ice and @fuzzballl
$KBH 27 put
$TWTR 20 put
$WUBA 75 put
$EGBN 55 put Thank you @honkhonk81
$NTNX 35 put
$BABA 155/165 BUPS
$AAPL 155/165 BUPS
$AGN 160/170 BUPS
$GS 230/240 BUPS
$RCL 120/123 BUPS Thank you @smasty160
$NFLX 165/180 BUPS
$AMZN 1030/1080 BUPS Thank you @jsd501
$AMZN 110/1130 BUPS
$SPXW 2715/2740 BUPS Thank you @jeffcp66
$NFLX 210/215 BUPS
Got crished on a $BA 310/300 BECS Just cannot get out of some trades
$MTN and $TRN Long calls expired worthless. My account is now worth less. 😉
Thanks to everyone. Enjoy the weekend. NY metro area a little warmer this weekend. Wash the car.
$NTNX STO 1/19/2018 35 put @ 1.22 Thank you @honkhonk81
$SPX STO 1/19/2018 2585/2610 BUPS @ 1.65
$SPX STO 1/19/2018 2575/2600 BUPS @ 1.30
$SPX STO 12/20 2665/2690 BUPS @ 3.30
Pretty Sure These Will Expire Worthless
Have a great weekend everyone.
$EXPE 4/28 126/146 Strangle @ 1.06 Thank you @jeffcp66 Stock down to 134 after hours. So far so good.
$BIDU 5/19 165/170/205/200 IC @ 1.20 (OMM Trade) Stock down to 179.50 after hours. So far so good.
Half smart or more likely prudent
$GOOGL STC 5/19 850 call @ 30.80 Bought 4/18 for 22.30. Did keep a GOOGL long call through earnings. Is a YIPEE in order?
$SPX 4/26 2410/2385 BECS at a 55 cent per contract loss.
$GOOGL BTC 3/17 790/800 BUPS @ .05 97% profit
$MRVL STC 3/17 16 call @ .35 33% loss (Should have waited)
$ULTA STC 3/17 260 call @ 24.67 33% profit
One More Trade
$FIZZ BTO 3/17 call @ 1.38 (Speculative)
Thanks to everyone’
Have a terrific weekend and another profitable week next week.
$UVXY STO 3/17 25 calls @ .41 (goose trade @ OMM)
$UVXY Taking off some more #VXXGame trades
Using market strength to close these at more than 90% max profit, continuing to reduce risk and short volatility exposure with the S&P at resistance.
Bought to close:
$UVXY Sep 16 2016 110 call @ .89 (Sold for 11.10 on 2/2/16)
$UVXY Sep 16 2016 90 call @ .95 (Sold for 20.10 on 1/20/16)
$UVXY Jan 20 2017 170 call @ 1.00 (Sold for 13.20 on 1/13/16)
$UVXY Jan 20 2017 115 call @ 1.55 (Sold for 28.23 on 8/27/15)
$ETE following @honkhonk81 ‘s lead on ETE, sold 2, Feb. 26., 7 puts for .40 this week, bought them back for .22 rolled them to next week for .52
$SPY BeCS April 8 198/200 for .94 followed Tony at Tasty