QS

#ShortPuts – Out yesterday and back in today…

Sold QS JAN 15 2021 60.0 Put @ 2.20

SQ DKNG Puts Closed / NIO Put / BA BUPS Closed

#shortputs
$SQ BTC 12/18 185 put at .05. STO at 2.30. Thank you @ramie77
$DKNG BTC 12/18 48 put at .30. STO at 2.10. One batch left.
$NIO STO 1/15/2021 put at 4.20

#bups
$BA BTC 12/18 220/230 BUPS at 3.01. STO at 5.67. Partial close.

Expiration

#optionsexpiration

$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

#assignment

Maybe
$MRVL 43.5 put. Stock closed at $43.365

TQQQ Closed Early / MRVL Put / Expirations

#shortputs

$TQQQ BTC 11/20 85 put at .10. STO at 4.70. Thank you @ramie77
$MRVL STO 11/20 42.50 put at .80

#Expirations #assignment

$NVDA Assigned at 535

NVTA Calls Rolled / T PENN MRVL Puts / NFLX BUPS Closed

#coveredcalls
$NVTA BTC 10/16 and STO 11/20 40 calls at added 2.60 credit

#shortputs
$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

#bups
$NFLX BTC 10/16 455/465 BUPS at 1.29. STO at 3.45. Thank you @ramie77. No, I don’t know why I closed it.

DOCU BUPS Closed

$DOCU BTC 8/28 210/220 BUPS at 1.20. Thank you @ramie77. Roll up original 8/21 150/160 BUPS to 175/185 at 1.29 extra credit. Rolled to 210/220 for added 3.95 credit. Total credits after close is 5.57. Thanks @ramie77 for teaching me how you roll.

Expiration

#optionsexpiration
$NVDA 365 put Thank you @ramie77 via @fuzzballl

#optionsexpiration #assignment
$CODX 27 put Stock basis 25.5

EWW Puts Closed

#shortputs
$EWW BTC 6/19 28 puts at .04. STO 5/19 at .62. Thank you @fuzzball and @ramie77

Expiration

#bups
$AAPL 210/220
$AMZN 1900/1920

#shortcalls
$TWTR 37
$NVTA 20
$T 28

#shortputs
$PZZA 57.5 Thank you @jsd50101
$TWTR 35 Assigned
$DDOG 42 Assigned
$UBER 21
$MSFT 155
$PLAN 35
$XOP 35.50 Thanks @ramie77
$ENB 27.5
$UVXY 20 Thank you @jeffcp66
$PFE 35
$CODX 10 Thank you @honkhonk81

#LongPuts
$PTON BTO at 3.79. Ill be pedaling for a while to make this back.

EXAS Put closed / ROKU BUPS Closed and Opened / NUGT Put / AAPL BUPS / ROKU Call

#shortputs
$EXAS BTC 3/20 82.50 put at .40. STO at 3.60 on 1/14. Thank you @jsd501
$NUGT STO 2/28 31 put at .40

#bups
$ROKU BTC 2/21 110/120 BUPS at .50. STO 1/15 at 2.85. Had GTC order at .50
$ROKU STO 3/20 110/120 BUPS at 2.41
$AAPL STO 3/20 300/310 BUPS at 1.80 Thank you @ramie77

#coveredcalls
$ROKU STO 2/21 135 call at 1.15

AMD, SQ, XBI

BTC AMD 28 FEB  43 PUT @.30…STO 1/29 @.79…Thanks @ramie77

BTC SQ 21 FEB  70 PUT @.15…STO 1/29 @.55…

BTC XBI 21 FEB  85 PUT @.40…STO 1/24 @1.05…

#shortputs

AMD Puts Closed / AMZN BUCS Closed

#shortputs
$AMD BTC 1/17 40 put at .10 STO at 1.32. Thank you @ramie77

#bucs
$AMZN Partial STC 1/17 1820/1860 BUCS at 30.00. BTO at 18.54 on 11/27

KL Covered strangle Rolled / NUGT Puts Rolled / EWZ put Closed / LABU Calls Rolled / CMG BUPS Closed

#shortputs #coveredcalls
$KL BTC 12/20/40 put and STO 1/17/2020 40 put at added .80 credit.
$KL BTC 12/20/45 call and STO 1/17/2020 45 call at added ..65 credit.

#shortputs
$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

#coveredcalls
$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!

#bups
$CMG BTC 12/20 690/700 BUPS at .05. Sold for 1.65. Thank you @ramie77 via @optioniceman inspiration.

TGT Closed

#bups
$TGT BTC 12/20/100/105 BUPS at .05 on earnings surprise. STO at 1.45 Thank you @ramie77

TWTR NUGT Puts Rolled / LABU Covered Calls / ZM CC Rolled / GLOB Put Closed

#shortputs
$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.

#coveredcalls
$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.

#shortputs
$GLOB BTC 11/15 90 put at .40. STO 10/14 at 2.80. Thank you @ramie77

CMG GOOGL Closed

#bearcallspreads
$CMG BTC 7/19 780/770 BECS for .60. STO at 1.95. Thank you @ramie77

#bullcallspreads
$GOOGL STC 7/19 1100/1050 BUCS at 47.00. BTO at 22.80 0n 6/5.

LYFT Call HIIQ BECS Closed Early

#coveredcalls
$LYFT BTC 7/19 67.5 call at .10. STO at 2.05 on 6/18. Will recover as the stock recovers – it does have LYFT as a name.

#becs
$HIIQ BTC 7/19 34/37 BECS for .10. STO at .63. Thank you @ramie77

WAB Put Closed

#shortputs
$WAB BTC 7/19/26 put at .80. STO on 5/30 at 3.50. Thank you @ramie77

FB Spread Closed

#bullputspreads
$FB BTC 7/19 165/155 BUPS at .17. STO on 6/12 for 1.70. Thank you @ramie77

Expirations / Closed Earlies

#optionsexpiration
$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

#spxcampaign
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. 😉

NUGT at 1-year highs

#ContangoETFs Sold $NUGT Dec 35 calls for 2.85
Also followed @Ramie77, sold Sept 35 calls for 1.40

FB AMZN ISRG FB Spreads Closed / SPX Campaign / LABU Covered Call

#bups
$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
#bucs
$ISRG STC 6/21 480/500 at 17.20. BTO at 10.00

#spxcampaign
$SPX STO 6/26 2795/2770/2960/2985 IC at 2.80

#coveredcalls
$LABU STO 6/28 48 call at 1.70

#brokenwingbutterfly #shortcallspreads CMG

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.

AMZN Partial Close BUPS

#bups
$AMZN BTC 6/21 1750/1740 BUPS at .40. STO at 2.61 on 5/29. Thank you @ramie77

BA Close BECS / CRM BUPS

#bearcallspreads
$BA BTC 6/21 370/380 BECS at .70. STO at 1.88 on 5/23. Thank you @ramie77

#bups
$CRM STO 7/19 145/155 BUPS at 4.00

CTL Puts / Roll BURL Today’s Expiration / IRBT Wild Ride Expiration

#shortputs
$CTL STO 6/21 10 puts at .30 Thank you @ramie77

#coveredcalls #optionsexpiration
$BURL BTC 5/10 170 call and STO 5/10 167.50 call at .80 credit. And it expired.

#optionsexpiration
Total Loss
$IRBT 95/100 and 100/105 BUPS
Total Gain
$IRBT 98 and 100 calls Thank you @honkhonk81 for the recovery trades. Well done.

TSLA put spread

On the $TSLA intraday recovery sold 4/18 250/240 BuPS @ 1.77

Closed Early AMZN

#shortputspread
$AMZN BTC 3/15 1500/1550 BUPS at .50. STO 1/4 for 10.00 Thank you @ramie77

#coveredcallcampaign #fallingknife #longputs Trades from…

#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

Expired SPX / Roll SQ BUPS / Closed NVDA Strangle

#optionsexpiration
$SPX 2740/2760/2830/2810 IC 1 DTE Thank you @jeffcp66
$NFLX 370 calls (covered)

#rolling
$SQ BTC 4/18 60/70 BUPS and STO 4/18 65/75 BUPS for added a.12 credit. Thank you @ramie77

#earnings
$NVDA BTC 3/15 120/185 straddle @ .20 STO 2/14 for 1.74 Thank you @thomberg1201

HIIQ NVTA Short Puts / NVDA Earnings Straddle / NFLX BUPS / Rolling TQQQ

#shortputs
$HIIQ STO 3/15 31 puts at 1.19 Thank you @honkhonk81.
$NVTA STO 3/15 15 puts at 1.00

#earnings
$NVDA STO 3/15 120/189 straddle at 1.70. Thank you @thomberg1201

#bups
$NFLX STO 3/15 325/335 BUPS at 2.50 Thank you @ramie77

#perpetualrollingstrangles
$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.

Question AMZN

@ramie77 Are you still holding the 2/15 $AMZN 1580/1590 BUPS? Thank you

Closed Early $SPX JPM SAVE EA / Short Puts HIIQ SFLY

Closed Early
$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

#shortputs
$HIIQ STO 2/15 38 put at 1.40. Thank you @honkhonk81
$SFLY STO 3/15 45 put at 2.05. Hope this is picture perfect.

AMZN put spreads

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

Expirations and Trade

Been off the grid for the last two weeks.
Started up again this week.
Glad to be back in the bistro.

#optionsexpiration
$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)
#earnings
$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

Trade
$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.

#shortputs ANET @ramie77-a good day…

#shortputs ANET
@ramie77-a good day for your ANET trades

Google Supercharger / CMG TSLA Closed Early / IQ HAL Rolled

#supercharger
Maiden Voyage – shoals abound
$GOOGL STO 9/28 1155/1165 BUCS at 7.20 Thank you @jeffcp66

#shortputs
$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 Short Call / SPOT Short Puts / EXAS Rolling Again / MCD Long Call

#shortcalls
$WTW STO 9/21 74 call at $1 (covered – left over from earnings trade – if called away a breakeven)

#shortputs
$SPOT STO 10/19 170/175 BUPS at 1.90
Rolling
$EXAS BTC 10/19 60 put and STO 10/19 70 put for added 1.40 credit. Now banked 4.60 Thank you @ramie77 for original STO 1/2019 35 puts

#longcalls
$MCD BTO 10/19 165/170 BUCS at 2.05

@ramie77 Have you rolled your…

@ramie77
Have you rolled your DUST $40 calls?

AMZN Roll / Closed Early AMZN CMG BUPS

#shortcalls
$AMZN BTC 9/7 2035 call and STO 9/21 2025 call at additional 11.40 These are against long 9/21 calls

#shortputs
$AMZN BTC 9/7 1930/1940 BUPS at .80. STO at 1.30 on 8/29
$CMG BTC 9/21 420/430 BUPS at .30. STO at 1.55 on 8/3 Thank you @ramie77

AMZN HA Closed Early / Roll NFLX

#shortputs
Closed Part Early
$AMZN BTC 9/21 1780/1800 BUPS at 81% max profit
Closed ALL
$HA BTC 10/19 32 put at .10 STO 6/13 at 1.15 Thank you @ramie77

#longcalls
Closed part early
$AMZN STC 9/21 1800 call at 131.40. BTO at 66.52 on 8/2

#coveredcalls rolled
$NFLX BTC 9/7 345 calls and STO 9/21 365 calls at additional 1.67 debit

Expiration / Close SPX Campaign Early / Short Puts FB

#optionsexpiration #spxcampaign
$SPX 7/25 2725/2750 BUPS

#spxcampaign
$SPX BTC 8/3 2885/2860 BECS at 4.15 STO on 7/24 at 1.85. With GDP expected tomorrow at 4% I decided to close.

#shortputs
$FB STO 8/17 160/170 BUPS at 2.45 Thank you @ramie77
$FB STO 8/17 155/165 BUPS at 1.70

Closing Aug GUSH

Bought to close $GUSH Aug 17 55 calls @ .15. Sold for 1.10 on 7/6.

Trades / Options Expiration

#shortputs
Rolled
$MZOR BTC 7/20 70 puts and STO 8/17 70 puts for .90 added credit. EArnings 8/6

#optionsexpiration
$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.

Short Puts NFLX AVGO / Closed IWM Early

#shortputs
$NFLX STO 8/17 315/325 BUPS at 1.75 Thank you @ramie77
$NFLX STO 8/17 340/345 BUPS at 1.90
$NFLX STO 8/10 345/350 BUPS at 1.07
$AVGO STO 8/17 180/190 BUPS at 1.50

Closed Early
$IWM BTC 7/20 157/162 BUPS at .05 STO for 1.03

SPX Campaign / Long SPOT / Closed BA Early

#spxcampaign$SPX STO 7/25 2855/2830 BECS at 2.25 Thank you @jeffcp66

#longcalls
$SPOT BTO 7/27 190/200 BUCS at 2.80 Thank you @kathycon Run SPOT Run!

Closed Early
#shortputs
$BA BTC 7/20 325/335 BUPS at .30 STO at 1.40 Thank you @ramie77 Closed half my position

Expiration and Trades

#optionsexpiration
$ROKU Stock taken away at 47.50 Basis 42.60
$TQQQ 60 puts
$AMZN 1600/1620 BUPS
$SPX 2625/2650 BUPS Thank you @jeffcp66
#bitty
$WYNN 167.50/172.50 Lost Max

Catching up on posting
#shortputs
$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

#spxcampaign
$SPX STO 7/25 2725/2750 BUPS at 2.25 Thank you @jeffcp66

#longcalls
$IQ BTO 8/17 35 calls at 3.60

Closed Early
$TSLA BTC 7/20 270/280 BUPS at 80% of max profit Thank you @ramie77

Here is a good one…

Here is a good one for you margin users, looks like 60% of total portfolio is ideal.

https://www.tastytrade.com/tt/shows/market-measures/episodes/puts-or-stock-07-09-2018

#pietrade

TRTN TNDM BA Puts / SPLK Roll / IQ Calls SPX Campaign

#shortputs
$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
#Shortcalls
$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
#longcalls
$IQ STO 40/45 BUCS at 2.10 Thank you @ramie77
#spxcampaign
$SPX STO 7/20 2600/2625 BUPS at 1.60 Thank you @jeffcp66

Closed Early KR GS Puts

#shortputs
$KR BTC 7/20 20 puts at .05 STO at .7 on 3/18 Thank you @ramie77
$GS BTC 6/15 225/230 BUPS at .40 STO at 1.30 (69% achievement)

SPX Campaign Closed Early / UVXY Spread Closed Early

#spxcampaign
$SPX BTC 6/15 2675/2700 BUPS at 1.50 STO at 5.70 Thank you @jeffcp66

#longputs
$UVXY STC 6/15 16/10 BECS at 5.25 BTO at 3.15 Thank you @ramie77

SPX Campaign Stopped Out / Closed Early YY BIDU TQQQ / Rolled SQ

#spxcampaign
$SPX BTC 6/22 2800/2775 BECS at 6.25 STO at 2.50

#longcalls
$YY STC 6/8 116 calls at 9.10 BTO at 4.78 Have a few left. Not sure I will hold over earnings

#shortputs
$BIDU BTC 6/15 240/250 BUPS at 1.00 STO at 3.30 (70% of max profit)
$TQQQ BTC 9/21 26.67 put at .20 STO in April at 2.27 Thank you @ramie77

#rolling
$SQ BTC 6/15 58.5 put and STO 6/15 60.50 put for extra .60 credit and gained $2 if called

#contangoetfs Some time ago I…

#contangoetfs @hcgdavis
Some time ago I remember a post with a list of #ContangoETFs that work well for selling puts and covered calls.
What do you like to trade?

TQQQ
FAS
UPRO
NUGT
TNA
UDOW
ERX
LABU
DUST
FAZ
GUSH
DRIP
KOLD

Any other?

Closed Early / Rolled SQ /Expiration / SPX Campaign

Closed Early
$SPX BTC 5/11 2375/2400 BUPS at .05 STO at 1.60 Thank you @jeffcp66
$AMZN BTC 5/18 1720/1700 BECS at .40 STO at 3.00 Thank you @ramie77
Still have BUPS 5/18 1310/1360 and 6/15 1460/1500.

#shortputs rolled
$SQ BTC 5/4 50 put and STO 5/18 51 put for additional 1.80 credit

#optionsexpiration
$URI 150/160 BUPS Total Loss
$CBOE 113 call (covered)

#spxcampaign
$SPX STO 6/1 2425/2450 BUPS at 1.60 Thank you @jeffcp66

Have a restful weekend.

GUSHing

#ContangoETFs Following on a couple that @ramie77 sold a few days back…
Sold $GUSH July 45 call for 1.50
Sold $GUSH Sep 45 call for 2.75

Expirations

Besides me ;-),

#optionsexpiration
$FB 150 puts Thank you @ramie77
$SPX 2400/2425 BUPS Thank you @jeffcp66

Pleasant weekend to all.

Long Calls URI / SPX Campaign / Short Puts / Rolling / Expiration

#longcalls
$URI BTO 9/21 165/180 BUCS for 7.00
#spxcampaign
$SPX STO 5/18 2510/2535 BUPS at 1.70 Thank you @jeffcp66
$SPX STO 4/25 2665/2690 BUPS at 4.60 Thank you @jeffcp66 Better luck this time.

#shortputs
$SKX STO 4/27 31 put at 1.00 Thank you @honkhonk81 Falling Shoe Trade
$URI STO 5/4/2018 160/165 BUPS at 1.40

#rolling
$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

#optionsexpiration
$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

Closed Early / Rolled LABU SPLK

Close Early
$TSLA BTC 4/20 255/265 BUPS at .30 STO at 1.41 Thank you @ramie77

#rolling
$LABU BTC 4/13 77 call and STO 4/27 83 call for .93 debit Stock at 83.20
$SPLK BTC 4/20 105 call and STO 5/11 108 call for .50 credit Stock at 103.25

Options Expiration and Final Trades 3/23/18

#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.

#VXXGame: Sold $UVXY Jan 2019 65 call for 3.75… thanks @optioniceman and @ramie77 for the idea

#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.

#OptionsExpiration
$SPX 2790/2815 call spreads
$VRTX (formerly covered) 177.5 call

VXX long sold

#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.

DUST calls

#ContangoETFs Thanks to @ramie77 for the head’s up that DUST is back in call-selling range.

Sold $DUST Apr 20th 35 call for 1.65
Sold $DUST Jun 15th 35 call for 2.75

SVXY is at 12.00

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.

$SVXY

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…

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
New Fuzzies:
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.

DUST call

#ContangoETFs Sold to Open $DUST June 40 call for 3.05. Thanks @ramie77 for the idea.

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.

#ratiostrangles

GUSH

#ContangoETFs Hey @ramie77, since DRIP has dropped, is it time to give GUSH a gander?

#vxxgame experiment 2 Was out…

#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.

#longcalldiagonals, #longputdiagonals

Short Puts $OLLI $WHR $AMZN

#shortputs
$OLLI STO 11/17 45 puts @ 1.00 Stock at 45.25
$AMZN STO 10/27 927.50/937.50 BUPS @ 1.65
$WHR STO 4/20/2018 120 put @ 1.50 Thank you @ramie77

Expirations/Assignments

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
$MZOR put
$WDC 72.50 put
$KEM 24 put
$HTZ 20 put
$ZION 40 put
$EXAS 47 put
$HTZ 25 call (Covered)

Closed Early
$NVDA BTC 10/20 195 call STO @ 1.25 Net profit on strangle 1.70 Thank you @ramie77

Max Loss
$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

Assigned

$NFLX 190 call
$COST @ 160
$MOMO @ 35
$DXCM @ 45
$PI @ 35

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.

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

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

Another DRIP dripped away

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.

Expired/Short Puts/SPX Campaign

#optionsexpiration
$SVXY 75 puts Thank you @hcgdavis
$MOMO 37 Puts
$SPX 2350/2375 BUPS Thank you @jeffcp66

#shortputs
$T STO 10/20 35 puts @ .75 Tasty Trade via @ramie77

#spxcampaign
$SPX STO 10/4 2540/2515 BECS @1.50
$SPX STO 9/18 2420/2445 BUPS @3.30 Thank you @jeffcp66

Pray for out Texans and Floridians especially dear Fuzzy.