Going long on the pullback

WYNN at key support from Mar 28. Expect short sellers to get squeezed.
BTO Jul13 177.5/192.5 BuCS @ 4.20. STO 172.5/167.5 BuPS @ 1.51

TSLA reaching for $400 and won’t stop
BTO Jul13 380/400 BuCS @ 4.90. STO Jul13 337.5/332.5 BuPS @ 1.37

ISRG tight consolidation pattern from June 5. And I love this stock.:-)
BTO Jul20 490/505 BuCS @ 6.74. STO Jul20 477.5/472.5 BuPS @ 1.65
#long

INTC puts

Sold $INTC Jul 20 50 puts @ .54. I may consider taking assignment at 49.46 if the stock continues down over the next month.

#shortputs #coveredputs FB I was…

#shortputs #coveredputs FB

I was assigned 99 short shares over the weekend, (had 1 existing share with a decent gain), basis is 183. Sold a June 22, 190 put for .31 on maybe the worst day to be selling puts in FB but it’s a start.

Good morning, from Eugene, OR

Here for my stepson’s graduation from University of Oregon. After that, we’re off to Napa for a family get-together.

#LEAPs #CoveredCllCampaign.
$SQ breaching call strikes again.
Closed $SQ July 6th 65 calls for 2.49. Will roll later.
Closed $SQ June 29th 57.5 put for .15
Closed $SQ July 6th 58 puts for .33
Sold $SQ July 13th 67.5 call for 1.63

June 18 Sue Thread

ADBE: First #Fundie close for 20%, $425 in one day. This was a 30/14 3×2 time ratio. Trade reset immediately as per the backtest: Jul 13 252.5 x 3, jun 29 257.5 x -2 @ 18.35. I am starting with positive gamma/positive theta on this trade…which is kind of a unicorn 🙂

ROKU: Closed #Undie for $844 profit, reset as a #Fundie Jul 13 43.5 call x3, Jun 29 46.5 call x-2 @8.07.

On both of these trades I should have shifted dates to Jul 20/ Jul 6.

SPOT: #Fundie new test trade here: Jul 20 170 call x3 @10.20 Jul 6 177.5 c x -2 @4.30, target profit $440 for 20%.

MA: New #Fundie Jul20 197.5c x 3, jul 6 202.5 c x -2, @15.20 $300 target profit for 20%.

Here’s backtests on these (parameters: 30 day 63 delta long, 14 day 45 delta short, take profit at 20% and reset):

Fundies

BA put spread

Sold $BA Jul 20 335/325 BuPS @ 1.53 with the stock at 354.46

Morning All

#coveredcalls Sold June 22nd 26 Calls @ .18 when NUGT was at 24.63 against my long stock. Basis on the long stock is down to 25.