#ShortPuts – Out yesterday and back in today…
Sold QS JAN 15 2021 60.0 Put @ 2.20
#ShortPuts – Out yesterday and back in today…
Sold QS JAN 15 2021 60.0 Put @ 2.20
$GOOGL 1760/1775 BUPS STO at $7. Thank you @ramie77
$SNOW 265/270 BUPS Earnings Trade STO at 1.45
$MRNA 122 Put
$TLRY 8.50 put
$TLRY 10 Call STO this morning at .23. My inner @iceman got the better of me
$NVAX 150 call (Covered)
$PFE 147 call (Covered)
$SPX 3595/3615/3750/3730 SPX 1 DTE (AKA The JEFF). Thank you @jeffcp66 STO at $1.00
$MRVL 43.5 put. Stock closed at $43.365
$NVTA BTC 10/16 and STO 11/20 40 calls at added 2.60 credit
$T STO 10/9/2020 28.50 put at .70
$PENN STO 10/9/2020 72 put at 2.60
$MRVL BTC 10/2/2020 40 put at .35. STO at 1.95
$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.
$ROKU STO 2/21 135 call at 1.15
$NUGT BTC 12/20/ 35 puts and STO 12/27 34 puts at .75 debit. Spending .75 to get potential .25 “profit”. I have been rolling out and now down since 8/12. Current “profit” is $5200. If put to me tomorrow the profit would be reduced by $3640. Maybe I should just close out.
$EWZ BTC 12/20 40 put at .05. STO at .77. Thank you @fuzzballl
$LABU BTC 12/20 45 call and STO 1/3/2020 55 call at $7.90 debit. Basis now 57.04. Stock at 56.24. Close to throwing in the towel. Stock first bought on 3/5/2019. Bad trading. Should have gotten out of stock much earlier and took the loss. Now eight months of rolling and tracking and loss mitigated but the potential opportunity profits lost by capital tie up …duh!
$TWTR BTC 11/15 32 put and STO 11/22 32 put at even. Getting time but not paying for it.
$NUGT BTC 11/15 36 put and STO 12/13 36 put at .25 credit. Getting time and getting paid.
$LABU STO 12/20 45 calls at 1.65
$ZM BTC 11/15 68.50 calls and STO 11/29 for added .35 credit. Stock at 68.03.
$FIVE 125/130 BUPS
$NVDA 140/145/175/190 IC STO at $1.57 Thank you @ramie77
$SPX 2845/2865/2970/2990 1DTE STO at 1.10 Thank you @jeffcp66
$BA 320/330 BUPS Thanks again @ramie77
$ISRG 480/500 BUCS Remaining position. BTO at $10.
$ADBE 272.50/277.50 BUCS / STO 267.50 put (Limping Lizard earnings trade) Thanks for all the education from the reptilians out there, especially @fuzzballl
$KNX 30 put
$SQ 65 put Thank you @thomberg1201
$CTL 10 put Thank you @ramie77
$ARWR 18 put
$DHI 44 put
$CLX 145 put
$WK 60 call Covered
$ARWR 19 call Stock called away
$EVTC 30 call Stock called away
$PYX 22.5 call covered – wish it wasn’t
$AMZN 1980 $GOOGL 1190 $NFLX 370 All long calls. All capital gone. When will I ever learn. Do not BUY calls
$FL 50/55 BUPS Total Loss STO at $2.20
Closed Early $SPX 6/26 2960/2985 BECS at 7.50. STO at 1.50
Everyone have a delightful weekend. Thanks for all the help you share. May we all have a sumptuous summer.
(A little alliteration) @jeffcp66 Thank you for founding this site for a foundling like me. I love beer on Friday’s. 😉
$AMZN BTC 6/21 1750/1740 at .15. STO at 2.15.
$AMZN BTC 6/21 1815/1765 at 1.80. STO at 11.50 Thank you @ramie77
$FB BTC 6/21 180/190 BUPS at 4.50. STO at 2.60
$ISRG STC 6/21 480/500 at 17.20. BTO at 10.00
$SPX STO 6/26 2795/2770/2960/2985 IC at 2.80
$LABU STO 6/28 48 call at 1.70
Combination TastyTrade/ @ramie77 concepts
Sold July 19, 785/795/795//815 butterfly for 1.00. This is profitable below 806.
Sold July 19, 800/810 call spread for 1.75.
CMG is up 7 days in a row (thought I heard of some 3 day rule), some 100 points or so.
On the $TSLA intraday recovery sold 4/18 250/240 BuPS @ 1.77
#coveredcallcampaign #fallingknife #longputs Trades from yesterday and today
WYNN yesterday rolled 140 call to April for 1.25, WYNN tanking today
CPRI yesterday rolled March 22 call to April 12 for .66
EWZ sold short 100 shares for 41.57
MS bought long April 18, 40/35 BeCS
PFE sold April 18, 44 call, was supposed to be a covered call in an IRA, ended up in wrong account, for .26
CVS today sold April 18, 50 put for .86, thanks @ramie77
MET rolled 42.50 call to April 18 for .57
DB bought April 18, 9 put for .62
$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.
@ramie77 Are you still holding the 2/15 $AMZN 1580/1590 BUPS? Thank you
$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
On the thesis that the 50 day moving average will hold as support, sold the following:
$AMZN Feb 15 1590/1580 BuPS @ 2.05
$AMZN Mar 15 1550/1500 BuPS @ 9.60
Been off the grid for the last two weeks.
Started up again this week.
Glad to be back in the bistro.
$SPX 2745/2755 BUPS Inspired by @jeffcp66. Thank you.
$WTW 72 calls (covered) Still own stock at rock bottom price 😉
$BABA 155 calls (covered)
$AAPL 207.5 calls (covered)
$TWLO 60/83 strangle STO @ 2.23 BTC @ 8.00
$Z 34/47 strangle STO @ 1.50 Will be assigned shares at 34 Basis 32.5
$AMZN STO 11/16 1575/1625 BUPS at 5.50 Thank you @ramie77
Great weekend to all and thanks to all the veterans who served our country.
$CMG BTC 9/28 440/460 BUPS at .50 STO at 3.30 Thank you @ramie77
$TSLA BTC 240/250 BUPS at .55 STO at 1.60 Kudos to @ramie77
$IQ BTC 9/21 35 put and STO 10/19 35 put at .30 additional credit
$HAL BTC 9/21 40 put and STO 10/19 35 put at .26 additional credit
$WTW STO 9/21 74 call at $1 (covered – left over from earnings trade – if called away a breakeven)
$MCD BTO 10/19 165/170 BUCS at 2.05
Have you rolled your DUST $40 calls?
Closed part early
$AMZN STC 9/21 1800 call at 131.40. BTO at 66.52 on 8/2
$NFLX BTC 9/7 345 calls and STO 9/21 365 calls at additional 1.67 debit
Bought to close $GUSH Aug 17 55 calls @ .15. Sold for 1.10 on 7/6.
$MZOR BTC 7/20 70 puts and STO 8/17 70 puts for .90 added credit. EArnings 8/6
$NVDA 265/285 BUCS Max Loss
$WYNN 170/175 BUPS Max Loss
$FB 180/190 BUPS
$NFLX 340/350 BUPS
$SPX 2600/2625 BUPS Thank you @jeffcp66
$BA 325/335 BUPS Thank you @ramie77
$BABA 200 call
$TRTN 35 call (Covered)
$CLF 8 puts
$FEYE 18 calls (covered)
$TWTR 44 calls
$FSLR 50 puts
$TWTR 42 puts
$ALRM 37.5 puts
$KEM 24 puts
A little late but it is summer in the city. Have an enjoyable and restful Sunday.
Catching up on posting
$GOOGL STO 7/23 1105/1115 BUPS at .95
$AVGO STO 8/17 195/210 BUPS at 4.85
$ IQ STO 8/17 35 put at 5.00
$IQ STO 7/20 30 put at .62
$TNDM BTC 7/20 17.5 calls at .10 STO at 1.40
$IQ BTO 8/17 35 calls at 3.60
$TSLA BTC 7/20 270/280 BUPS at 80% of max profit Thank you @ramie77
Here is a good one for you margin users, looks like 60% of total portfolio is ideal.
$TRTN STO 7/20 35 puts at 2.10 Replacing the June expired puts. You go @thomberg1201
$TNDM STO 7/20 17.50 puts at 1.40
$BA STO 7/20 325/335 BUPS at 1.40 Thank you @ramie77
$SPLK BTC 8/17 120 calls and STO 8/17 125 calls for 1.50 debit but could gain $5 if called. Rolled several times. Basis at 105.90. Stock at 116.74
$IQ STO 40/45 BUCS at 2.10 Thank you @ramie77
$SPX STO 7/20 2600/2625 BUPS at 1.60 Thank you @jeffcp66
$SPX BTC 6/22 2800/2775 BECS at 6.25 STO at 2.50
$YY STC 6/8 116 calls at 9.10 BTO at 4.78 Have a few left. Not sure I will hold over earnings
$SQ BTC 6/15 58.5 put and STO 6/15 60.50 put for extra .60 credit and gained $2 if called
$SQ BTC 5/4 50 put and STO 5/18 51 put for additional 1.80 credit
$URI 150/160 BUPS Total Loss
$CBOE 113 call (covered)
Have a restful weekend.
$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
#SPXcampaign. Cleared out most put spreads for expected lower levels Monday. I only rolled one as I’d like to sell based on Monday’s open.
Stopped $SPX Apr 19th 2540/2515 put spreads for 5.40. Sold for yesterday for 2.85.
#CondorRoll: Sold Apr 6th 2700/2725 call spreads for 3.10, and Apr 6th 2475/2450 put spreads for 2.80.
Stopped Apr 19th 2475/2450 put spreads for 3.10. Sold yesterday for 1.80.
Closed Mar 26th 2680/2705 for .30. Sold this morning for 3.10.
Stopped March 26th 2575/2550 put spreads for 6.05. Sold yesterday for 1.75.
Bought to Open March 29th 2475/2450 LONG put spreads for 2.15. Will take profits with any big gap or move down Monday.
Bought to close March 23rd 2585 puts for .35. Sold in a #Condor Roll on Monday. Thought I didn’t need to worry about this one.
#Earnings BTC $FDX Mar 23rd 240 puts for 6.50. Sold in a strangle for 1.75 on Tuesday. Missed my chance to close for cheap on Wednesday. #Rolling: Sold Apr 20th 235 puts for 6.75. Also sold a Apr 20th 255 call for 1.15. Will add more calls on strength.
$SPX 2790/2815 call spreads
$VRTX (formerly covered) 177.5 call
#VXXGame I took @ramie77‘s idea on this one, but did not close it with profit when he did. On this last day of its life, it’s paying me back a little. Selling one now and seeing if I’ll get more for the other in the next hour.
Sold to close $VXX March 9th 40 put for 1.10. Bought for 1.44 on Feb 20th.
UVXY peaked at 36 and already back down to 27.00
But VXX increased to a peak of 64.90, and is back to 55.00 now. That’s DOUBLE Friday’s close. This is what’s causing SVXY to crater, but not sure how the math drove it down to $10.00.
Was pretty busy with the day job this morning. Just aren’t getting much for opportunities for entering these trades. Since I’m very low on open #VXXGame positions, followed @optioniceman and @ramie77 making a few trades myself this morning.
STO $SVXY Jan 19 $110 puts @ $0.62
STO $SVXY Jan 26 $95 puts @ $0.60
STO $SVXY Feb 9 $75 puts @ $0.55
STO $SVXY Feb 16 $85 puts @ $1.22
Jan 4 #Fuzzy
All Fuzzies are managed for the week and new ones added, including a new category I call “Lazy River Fuzzies.” I mentioned a couple weeks ago that I was scanning stocks with a weekly ATR of less than 2 in an effort to avoid a lot of the debit roll/chasing drama. My single test, CMCSA, has worked great, so added a second one today, MNST. The Lazy Rivers are cheaper to put on, have less hedge premium (lower volatility), but hopefully are more “set and forget.” I did a successful round of SPY naked put #Bitty this week….but you know…..I think fuzzies are better than bitties, so instead of setting new SPY Bitties, I have set SPY Fuzzies in all my accounts.
1. CSX Closed Down for net $1300…lots of debit rolls on this and earnings next week. It was a great #fallingknife suggestion
2. LMT-1 Debit Roll BTC Jan 5 322.5 for 2.15 STO Jan 18 325 c for 2.51
3. LMT-2 ditto
4. JPM Closed Down for net $3230.00. This was my very first Fuzzy! Earnings next week. Will reset after earnings release.
5. IWM BTC Jan 5 154 c for .96, STO Jan 12 155 c for .89
6. CMCSA (Lazy River) BTC Jan 5 41 c for .07, STO Jan 12 40.5c for .45
7. MCD BTC Jan 5 172.5 c for 1.50, STO Jan 19 175 c for 1.22
1. EXAS (earlier this week) Apr 50/50/45 for 6.15 Jan 12 55 c -1.35 (ITM now)
2. SPY 1, 2, 3, 4 Jun 272/272/268 7.00 Jan 12 273 -.61 (going tighter on these puts)
3. MNST (Lazy River) Jun 60/60/55 5.13 Jan 12 64c -.50
I’ll do a stats recap tomorrow. A huge amount of fuzzies this week were debit rolls, so basis reduction is moving down ever so slowly, but unrealized profits with the purchase of upside allowance had added up nicely.
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.
#vxxgame experiment 2
Was out on a bike ride before sunset and a thought hit me (almost hit a squirrel and a bald eagle eating road kill as well). I was doing intervals so there was some lactic acid and oxygen debt involved but during one of my recovery periods had a thought about the VXX/VIX trades. Income without capping the upside if set up correctly since these trades are generally so directional.
I will set up some trades next volatility spike but here is the idea. I can’t take full credit, I saw something similar on a webinar once.
SVXY go synthetic long, UVXY/VXX synthetic short or buy XIV stock if you want to play it from that side.
SVXY example. Buy the ATM leaps and sell the ATM put leaps. Buy a put 10 points or so OTM for disaster protection. Then instead of selling a weekly call against the long call, sell a credit spread. You will still bring in a little credit but then you are net long calls about 2:1 ratio so will not cap your upside. The short call is covered by the LEAP so effectively you have free calls with no out of pocket expense except the cost of the disaster put.
You could also reverse it on the downside. Buy a put debit spread or just add another few long puts to your short, then would have a ratio back spread and good gains to the downside.
I think it would solve the problem of a runaway stock but still bring in a credit which is something 99% of the people here like to do. You would still be able to sleep at night when 8/24/15 hits again and the VIX spikes to 100 and SVXY drops to 25. Loss capped to 10 points or wherever you set your short put.
Thoughts, suggestions? Anyone want to set up the opposite on UVXY next vol spike and we will see which one does better? I may do both for a supercharger effect. You could also use all leaps then have a set and forget trade like @ramie77 suggests.
The SVXY experiment has worked well except the short calls cap the gains, I know @fuzzballl and @jeffcp66 are having the same issues on the UVXY diagonals. I have $500 left in time decay over 23 days, once my shorts expire I will close all the positions for a great gain and set up the above if/when we ever have a volatility spike.
Not a Profitable OPEX
Expired Full Profit
$SPX 2360/2380 BUPS
$SPX 2485/2510 BUPS
$SPX 2495/2520 BUPS
$SPX 2390/2415 BUPS
$BA 242.50/252.50 BUPS
$BABA 155/160 BUPS
$AAPL 140/148 BUPS
$GS 220/230 BUPS
$ALB 110/120 BUPS $AMZN 900/920 BUPS
$NVDA 165/175 BUPS $JD 46/48 BUPS
$NFLX 150/160 BUPS
$BBY 52.50 put
$NVDA 195 Put Rolled from 175-185-195 for 2.95 a Contract Thank you @ramie77
$SQ 28 put
$SQ 29 put
$CALA 15 put
$WDC 72.50 put
$KEM 24 put
$HTZ 20 put
$ZION 40 put
$EXAS 47 put
$HTZ 25 call (Covered)
$NVDA BTC 10/20 195 call STO @ 1.25 Net profit on strangle 1.70 Thank you @ramie77
$CELG 130/135 BUPS Thursday before OPEX FDA announcement
$CELG 125/130 BUPS Thursday before OPEX FDA announcement
$SPX 2570/2550 BECS
$BIDU 250/240 BECS
$TEVA 22/22.50 BUPS
$NFLX 190 call
$COST @ 160
$MOMO @ 35
$DXCM @ 45
$PI @ 35
$SPX 2500/2475 BECS @ 2.35 loss
$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!
$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
Bought to close $DRIP Nov 17 40 calls @ .05. Sold for 2.00 on 8/29.
I only have 2 positions left in this. Dec 35 and 40 calls. It’s been a great run for a few months but if the bear market in oil is really over then we may be done with this one for a while.
Pray for out Texans and Floridians especially dear Fuzzy.