#CoveredCalls – Adding one here. This is against some of my lower basis stock…
Sold TQQQ FEB 15 2019 44.0 Call @ 1.35
Recent Updates Page 273
SPX 1-dte closed
#SPX1dte SPX hit my upside stop (expected move breached the 2520 short calls), so I exited on the pull back.
BTC $SPX Jan 4th 2520/2540 call spreads for 1.70. Condors sold yesterday for 1.25. Puts will expire, or close for .05.
I’ll be selling another 1-dte for Monday expiration. I’m looking for longer term roll options to replace today’s stop.
Credit spread tweaks
EOG STO the 21 DTE 97/98 ccs for 0.23. Cb now 14.41 against a 120/120 and 125/126 put #fuzzy
EXPE STO the 21 DTE 117/118 ccs for 0.20 credit. Cb now 9.43 against a 110/110 put #fuzzy.
It rained over the weekend and my family was busy so I watched a bunch of tasty trade re-runs. 2 things I forgot about. They did a section on defined risk and looked at the number of times tested credit spread returned back to the level you placed the spread. It was less than 2:10 times, actually I think as they looked across multiple occurrences and it was much lower around 2%. So gave me an idea for credit spreads and #spycraft which I will start up again next week after some CC are called away.
I will be very mechanical in adjusting credit spreads now. As soon as the short strike is breached, I will delta hedge it to neutral and create a back spread. Odds improve that if it is breached will not return to that level so at that point you have a directional trade and might as well take advantage if it.
What this means is that if the short strike is breached, I will buy back half the # of shorts calls/puts as the original credit spread thereby creating a 2:1 back ratio. Then if we keep moving in that direction you get the boost from the directional kick.
Probably best to set these up 21-45 DTE so you have some room. A weekly probably would not work as well once ratioed because of the gamma effects close to expiration.
December Jobs Report
#Jobs Much higher than expected.
+312,000 non-farm payroll jobs, vs. 176K expected
Unemployment at 3.9%, up 0.2%
U6 unemployment at 7.6%, unchanged
Wages up 0.4%, 3.2% year over year
Labor force participation 63.1%, up by 0.2
November revised up from 155k to 176k
October revised up from 237K to 274k
Reading posts a lot of…
Reading posts a lot of us are under water on a lot of tickers. Out on a bike ride I had a thought. Obviously selling below the cost basis a snap back rally you then lock in your losses if assigned.
I have been saying it for a while but have yet to do it, sell ATM call credit spreads. Bring in a little income, if the market rockets upward you are long stock, short an equal # of calls, but then have the same number of calls long or any ratio you choose. No cap to the upside.
Personally I am going to do this on my TQQQ trades with the next roll. Roll down right to ATM and then be long net calls for free.
Probably not the best to do these with weeklies, I would go out 30-90 days to give them some room. Then if you want back in the stock, let your long calls exercise.
As for my losing put #fuzzy, duh on my part, I should be selling CCS spreads all the way down. We reverse and I will back ratio them. The problem is I always do it too late. From now on if I sell a delta 20-30 and it reaches delta 30-50, that is the point I will back ratio and hopefully get a directional kick. If nothing else at least reduce the max loss.
Thoughts? Other ideas?
SPX 1-dte
#SPX1dte Sold $SPX Jan 4th 2345/2365-2520/2540 for 1.25.
Fully hedged on SSO, TNA, TQQQ, and TNA
Lightened up the hedges on my shares earlier this week so they could run. Now I’m back to weekly ATM short calls, put flies and WOTM puts. Who woke up the bear?
#shortstock PM Sold 100 shares…
#shortstock PM
Sold 100 shares short for 66.95
Also in the short world, DENN up another .30 today arrgghhh
Lots of trading and work,…
Lots of trading and work, not much profit. The #fuzzy trades hold up well but since I am so far out in time and so far ITM on some of these now, not much income or fast theta decay. Had I known we would be in a full bear I would have unhinged them and would be collecting profits now.
#fuzzy
EOG 110/110 puts are now way ITM. Market makers are being greedy. I have an order in to roll the 29 DTE out to 43 for 0.45 credit but no one will take it. If I can’t roll it will reset or shut the entire thing down for about a 6 point loss as it gets closer to expiration. Hoping for at least a little bump in oil prices. cb 14.64
EXPE 125/126 and 120/120 rolled the 15 and 22 DTE out to 36 and 43 DTE for a total of 2.1 in credits. Cb now 9.63.
GILD 70/70 nice bump today. Cb 8.48 and will roll in a few weeks.
MU 35/35 cb 14.80. Getting dragged down further into the black hole by AAPL.
WDC 40/40 cb 19.11 same as MU.
XBI 80/80 cb 13.97
LNG 50/65 cb at 14.54
GILD lot 2 67.5/69 cb 8.9
Most of these are out 15-22 days before further rolling.
#pietrades
TQQQ 50 cc at 57.60 cb. Will either roll to a leap in 2 weeks or hope for rebound. IRA so I can sit on it but would like to be generating some income.
TQQQ lot 2 50 cc 58.10. Same story.
LNG 61 cc expires next week, cb 57.7 and if expires ITM will be first real winning trade in 13 weeks.
LNG lot 2 61 CC cb 58.53 sam as above.
#lizardpies
SQ 55.5/55.5/56.5 straddle expires tomorrow rolled down to strangle 54.5/55.5/56.5 for 0.49 credit. Total credit now 2.04 with cb of 53.46 if assigned and no risk to upside.
I really think the jade lizard will be an excellent tweak to the #pietrades and possibly increase returns another 10% annualized. As I unwind some of these other trades will be putting more of these on.
I also need to be much better at directional trading!!!!
As I have said before, the income will not keep up with the drops, as much as the market is a 50-50 proposition, the more I trade the more I realize being right on directional makes a huge difference to the success of a trade and profits in general.
WTW
#LongCalls #LEAPS – 105 down to 37 and I still plan on making money on this…LOL. I sure know how to pick ’em!
Sold WTW JAN 25 2019 43.5 Calls @ .60
PVTL covered calls
#CoveredCalls Sold $PVTL Jan 18th 17 calls for .50.
Market Tide indicator today…
#Scalping -Been in and out today so no trade (fuzzy skeered…LOL) but the indicator seems to be working nicely in the chop.
LABU
BTC January 18, 63 calls at .05 and STO January 18, 40/45 calls spread for a credit of .52 cents. It is a good thing that I have 2 years to go on these.
#coveredcalls #firsttrade of 2019 AAPL…
#coveredcalls #firsttrade of 2019 AAPL
bought to close Jan. 4, 160 call for .02 yipee
Calls closed (again)
If I was only selling calls and didn’t have #LongLEAPs, this would be a brilliant strategy!
BTC $TQQQ Jan 4th 39.5 calls for .05. Sold for .74 on Friday.
BTC $SQ Jan 4th 59 calls for .05. Sold for .79 on Friday.
OLED
#ShortCalls – Stops set on previous call sales so adding a half position here prior to earnings. See if I can talk it into a small recovery…
Sold OLED JAN 25 2019 97.5 Calls @ 1.20
CELG
I rolled my January 18, 2019, 95 calls out to the January 2020, 95 calls for a credit of 2.80
CELG
Bristol-Myers to buy Celgene in a $74 billion deal; Celgene shares surge…
https://www.cnbc.com/2019/01/03/bristol-myers-to-buy-celgene-in-a-74-billion-deal.html
Market tide
@hcgdavis @fuzzballl
Thanks for recommending this indicator and for going to bat to get us a discount. The indie has paid for itself a few times over already.
Dodeka-Stupid on NVDA
Here’s a note that Trade Alert put out tonight:
Market Color NVDA – Interesting 12-leg Nvidia put spread minutes before the close totals nearly quarter-billion dollars premium. Over 31K deep puts traded in NVDA at 3:53PM ET today in an odd spread that involved 12 deep-in-the-money puts expiring Jan 18th. Stock was $136.22 at the time, and the package consisted of offer-side blocks in the 200 to 260 strike puts, priced from $64 to $124. Weirdly, size of each block is very near the open-interest of each contract and the price on each block was a whole dollar figure, 22c over parity, with total premium just under $244M. If the package was a buyer of all legs, the delta is nearly 2.4M shares, or 9% the adv of the stock. With negative AAPL headlines out after the close, NVDA shares are down nearly $4 to $132 which could be a gain near $9M if the spread was a dodeka-stupid.
That turned ugly quickly….
Guess the meeting didn’t go so well….buckle your seat belts.
A TRADE:
ROKU STO 1/4/19 32.5 CALLS @.80 Covered Expires in 2 days.
Alpha Shark Indicator
@MamaCash – Have you used it much? Finally got a chance to watch it for a day and liking the possibilities. Haven’t done anything live yet but the last long signal on the NQ futures finally went short this afternoon after a 240 point run…
#longputs Buy another Jan 02…
#longputs
Buy another Jan 02 2510/2500 BePS for $7.50 while SPX below 2500, 15 minutes to go and looks promising.
#ironcondor SPX sell BeCS Jan…
#ironcondor
SPX sell BeCS Jan 02 2530/2540 for 1.25cr this morning, expiring worthless it appears
buy BePS 2510/2500 Jan 02 for $4.00, sold hour later for $6.50
Off to a good start after nice finish last month.
Trades today
NVDA
#ShortPuts #IRA – Should be a week or two prior to earnings. Selling here allows an easy rolldown into earnings or booking a profit and selling again in earnings week.
Sold NVDA FEB 01 2019 120.00 Put @ 2.45
CME
#ShortStrangles – Loosely following some Whiz trades on this…only one contract just for fun. Should be prior to earnings…
Sold CME JAN 18 2019 180.0/200.0 Strangle @ 2.48
TNA
#CoveredCalls – Selling a new batch…
Sold TNA FEB 1 2019 50.00 Calls @ 1.15
TNA
#CoveredCalls – First winner of the year…yaay!
Bought to Close TNA JAN 18 2019 60.00 Calls @ .05 (sold for 2.15)
A TRADE:
ROKU STO 1/4/19 31.0 CALLS @.53 Partially covered.
Jan 2, 2019 New Year
#HappyNewYear – Slow start to the year. Just letting some sales decay…
Jeff You Sparkle
A rousing fireworks display to power us all
to a prosperous peaceful and healthy 2019
Thank you @jeffcp66 and all the Bistroites for
another learning and earning year.
Happy New Year!
Although I haven’t contributed much lately, this is still my favorite site for learning about new strategies and sharing ideas of my own. Thanks to all of you for making tough trading tolerable.
Here’s to great success and many profits in 2019 for all of us!
Happy New Year!
Good riddance to trading in 2018. I survived but given the SVXY melt down in Feb. and the last 3 months did not make any money, in fact flat for the year at the same levels I dropped to in Feb. Some accounts up a little, some down but the total portfolio basically flat.
However, as much as I thought I knew I learned a lot more, thanks to a lot of people on this site.
Some fairly decent changes and adjustmentswill be made to my trading for next year. The biggest changes will be changing my directional bias early, always keeping a portfolio hedge (but not until VIX drops and options are cheaper) and bringing in more income with proven strategies.
You will see a lot more #lizardpies using either straddles or strangles depending on the ticker, #unhingedfuzzies, #spycraft will be resurrected but with a hard rule for adjustments based on deltas/gamma, and a lot more synthetic trades to capture directional moves. This may include #riskreversal or outright #synthetics.
Cheers to a new year, new opportunities, and the collective ideas of the group making us all more successful traders!
Chris
Happy New Year
Happy 2019
Thanks for all the great learning during the year.
Health Happiness and Peace to All
RTN WTW WYNN
#LongCalls #LEAPS – Made it in just in time for a couple trades…
RTN:
Bought to Close RTN JAN 4 2019 175.0 Calls @ .04 (sold for .62 as BeCS)
Sold RTN JAN 18 2019 165.0/175.0 Bear Call Spreads @ .60
WTW: Should be before earnings…
Sold WTW JAN 18 2019 44.0 Calls @ .85
WYNN: No new sales…closed some extras
Bought to Close WYNN JAN 4 2019 115.0 Calls @ .05 (sold for 1.55)
Happy New Year!!
VIX indicator
@jeffcp66, does the SPX have to make new highs to cancel a downside warning? If so, it’s a long way to cancelling the downside.
#vixindicator
SPX 1-dte
#SPX1dte Sold $SPX Jan 2nd 2380/2400/2570/2590 condors for 1.10.
A TRADE:
SFIX STO 1/4/18 17.5 CALLS @.35
BOIL out
#ContangoETFs Closing out the year by closing out final $BOIL positions. Was forced out of Jan 45 short calls by the spike higher… made some back with rolls, but still at a loss overall. I will reserve this symbol for large seasonal spikes in the future.
Closed BOIL Mar 50 call for .90. Sold for 4.15.
Closed BOIL June 66 call for .70. Sold for 7.20.
GILD #fuzzy. Rolled the 70/70…
GILD #fuzzy. Rolled the 70/70 18 DTE out to 39 DTE for 0.56 credit this morning at the open. Cb now 8.48.
#OT Just popping in to…
#OT Just popping in to wish everyone a Happy New Year. I hope this crazy market hasn’t drive any of you stark raving mad. I’m still enjoying my sabbatical though missing the market interactions more and more. If you are into out of this worldly events check out the New Horizons fly by of Ultima Thule. Pictures some time around 11AM tomorrow. Have a great safe one and see you some time in 2019.
A TRADE: Added
ROKU BTO STOCK @30.56
Best and Worst
Here are the best and worst performing stocks of this tough and volatile year for the market. https://t.co/LC2Zt7pE8X pic.twitter.com/VZo9Og3p77
— CNBC (@CNBC) December 31, 2018
SPX 1-dte
#SPX1dte Closed both shorts for .05 each. Waiting for last hour to sell for Wednesday’s expiration.
TRADES:
AMD BTC 1/4/18 15.5 PUTS @.03
AMD STO 1/11/18 16.5 PUTS @.43
AMD BTO STOCK @18.0
DBX STO 1/4/18 20.5 PUTS @.60
ROKU STO 1/4/18 29.0 PUTS @.60
ROKU STO 1/4/18 31.0 PUTS @1.41
ROKU BTO STOCK @30.25
The NTM, ATM Puts are risky, I use them in a certain strategy, and don’t want to lead anyone astray.
A Happy, Healthy and prosperous New Year, to one and all. HONKHONK
FB put spread
Sold $FB Jan 18 125/120 BuPS @ 1.15. May consider taking assignment with a basis below 125 if it goes down there again in the next 2 weeks. Sold in IRA accounts.
Closing some BOIL
Have orders in to close some of these. This one filled:
Bought to close $BOIL Jan 18 50 call @ .25. Sold for 2.87 on 10/17.
SPX
BTO Feb 28 BF 2625/2650/2675 Calls $ 1.35
Looking for a run up
Good Morning
Good Morning
Good morning
Does anyone know what this means. I see it over on SMM.
😎
Follow up info
Here’s some follow up info to the post I did a couple days ago:
1. Scott Ruble is currently at www.stratagem.com His courses are good, but expensive. His “POT” (Practical Options Tactics) subscription is VERY expensive ($299/mo) and generally not worth it, very frustrating (You can get a 30 day trial of POT for free though). He has moments of brilliance, but you have to weed through a frustrating delivery style. @kathycon and I call it “finding gems in the poo.” Aeromir offers a 10% discount for Scott’s stuff, I think the coupon code is “AEROMIR10” or maybe “AERO10”. Scott is a bit like “Whiz-Lite.”
2. Scott used to be at Random Walk and the Random Walk website has some of Scott’s classes…some are even FREE…so I recommend going to www.randomwalktrading.com before doing anything at Stratagem. The “Layered Spreads” class at RW for $95 (on sale right now) is a must investment I think. Very very good, and taught by Scott. You get a very detailed pdf book with the course. If you buy the course, you get access to many videos immediately, but the PDF takes a couple days to receive while they do the ID encoding. All the doc downloads at RW are encrypted with your personal ID…so you can get in trouble if caught sharing them. Ed T. at Random Walk has the “OIA” subscription for $50/ mo….excellent value for what you’ll learn and his professional delivery.
3. Aeromir www.aeromir.com (Aeromir took over the defunct “Capital Discussions” group) has a free membership that gets you two week access to tons of videos (rolling two weeks)…definitely do the RTT 1 month trial for $25.00. You’ll learn a ton of good stuff. After the first month it’s $155. I think you can learn enough in the first month to go it alone. The trial will inundate you with info though….tons of email updates, risk graph images, texts on every update, videos to watch. They’ve recently launched two new services based on RTT, that give you “light” versions of info for a cheaper monthly expense. Just do the full trial and you’ll be on your way. RTT’s have struggled a bit with us in backwardation right now, so they have needed a lot of management…which is actually good to see the approaches they take for defense (Risk Reversals, Rolling Thunder hedges, Reverse Harveys). Aeromir does a lot of roundtables bringing in various trade experts to talk about their designs. If you search on YouTube for “Aeromir Scott Ruble Roundtable” he recently did a really good session on Rolling Thunder. I’d classify Aeromir as kind of a “bulletin board” type core, surrounded with different trade services. Low tech website, but they do bring in some good roundtable speakers, and “Trading Group 1” in the videos are usually worth listening to.
I think that’s about it, I’ll add more if I think of it.
Below is a snap of an article in Stocks and Commodities magazine about the RTT. I have the pdf if anyone wants it, drop me a line. smasterson@yahoo.com Or you might be able to google it.
Sue
Calls sold
#LongLEAPs #SyntheticCoveredCalls
Sold $TQQQ Jan 4th 59 calls for .79
Sold $SQ Jan 4th 39.5 calls for .74
SPX 1-dte sold
#SPX1dte Sold $SPX Dec 31st 2360/2380-2570/2590 for 1.40.
SPX 1-dte
#SPX1dte Closed yesterday’s for .25 total. With the rolls I had to execute yesterday, the full trade ends up with a .35 loss.
Waiting until closer to the close to sell today’s, to avoid that kind of mess!
Happy New Year!
Hi Everyone! I just couldn’t find a new bread-and-butter trade this year that justified reporting, so I lost track of a lot going on here. I did find some good new approaches though. I found Scott Ruble (Stratagem) to be an excellent teacher on structured courses, but a terrible terrible subscription provider. @kathycon and I have used several of his approaches in the last few months to make money…#AdvancedRiskReversals, #SpikedCollars, #LayeredSpreads, and #RollingThunder. Scott was with Random Walk for awhile before having a falling out. Ed has taken Scott’s place at Random Walk and has a $50/mo subscription service that I quite like. Very reasonable for what you get. Ed’s approach is #PregnantButterflies which layer in spreads in a way to provide wide profit ranges, often risk free. The #RTT (Road Trip Trade) trades at Aeromir are good (BWB), and they manage them very dynamically using a lot of Scott’s teachings. The one month trial of RTT is very worth it. Option Pit is still great….but VERY deep and takes a ton of cerebral work….especially if you think you know it all already (like I did).
The only update I’ll give is on NFLX. I made a solemn vow in @fuzzballl ‘s name that I would stick with this until I was even. I started at $358 a share and am now down to $272….that’s a ton of cost basis reduction! I’m accomplishing this two ways…. 1. using weekly debit wide broken wing put flies (Ed calls them “Venus Flies” for the downside collar, and. 2. using weekly covered calls to finance the flies. As you can see I’m still off the mark on break even….but I’m being mechanical with the income collection and tracking every cent against the cost basis. I’ve only got 100 shares of NFLX so the ride down has been manageable.
Hope we all get what we want from the market next year! This last year is one of those that seriously refines you as a trader. Survive….and you come out a much better trader.
Sue 🙂
EOG #fuzzy 110/110 leap puts….
EOG #fuzzy 110/110 leap puts. Rolled the long out to 2021 for additional 3.20. Cb increased to 14.64 but now have 107 weeks to manage it.
Econ Calendar for week of 12/31/18
#Jobs report is Friday. And Powell speaks later that morning.
Link to calendar: https://optionsbistro.com/wp-content/uploads/2018/09/screen-shot-2018-09-24-at-6-07-52-am.png
BABA and the long LEAPS idea…
#LongCalls #LEAPS – Something I’ve been considering for awhile now that things have dropped so much. Looking at getting into a long term BABA position. Instead of buying LEAPS at the money I’m considering going out of the money further to save a lot of cash up front and then just selling the weeklies more conservatively.
Looking at LEAP strikes in 2021 somewhere in between it’s current range. It’s traded from 130 up to 210 so halfway is about 170. Could even go to 180 and get that for half of what the 130 would cost. On a recovery it will still make good money but not require a whole lot of weekly selling to get the cost back.
No position yet…
#pietrades LNG 61 cc rolled…
LNG 61 cc rolled out 2 weeks for 0.74 credit. Cb 58.53
Lot 2 62 CC rolled out 14 DTE to 61 cc for 0.53. Cb 57.7
Might have a few more later in the day
#assignment I’ve been traveling some,…
#assignment
I’ve been traveling some, watching the carnage and getting assigned on many ITM put positions, turning me into a #coveredcalls guy.
From the correction, I involuntarily own shares of AAPL, AA, AMAT, AXDX, KORS, M, MAT, MRO, NKTR, SLB, T and X. You hedge fund managers can start a buying spree on any of these.
Denny’s still won’t go down.
LABU
STO January 25, 45/50 call spread at .20 cents. I am pre selling these against my 65 calls that expire on January 18.
Question for @fuzzballl as I…
Question for @fuzzballl as I am debating closing some #fuzzy for tax purposes or keep them rolling.
Have a few that are way ITM now. Wish I had ratioed them in Oct. but too late now. Since you seem to be the only one with enough patience to take these to the end here are my questions
1. About how long does it take you to scratch the trade one ITM?
2. Seems like the best way to get any decent premium is to sell 43-45 DTE and reset at 22 DTE. Have you found that as well?
3. Once the new series of LEAP comes out does it make sense to roll the longs to the new leap for $3-4 or hang on to the one you have until the end?
Thanks!
I am debating taking some tax losses and resetting vs. hanging with the ones I have.
SPX 1-dte roll
#SPX1dte What a face ripper!
Sold the condor below for 1.30 with 48 minutes before close when SPX was at 2440.
The call side hit my stop 20 minutes later (expected move breached short strike) with SPX going past 2475.
Stopped call side, BTC for 2.65.
Sold new call side: $SPX Dec 28th 2565/2585 for .75.
Then rolled put side after the bell: Closed 2340/2320 for .10.
Sold 2400/2380 for .60.
So best I can do tomorrow is small loss, near breakeven. Bonkers market… gotta wait until last 10 minutes on this trade to be safe.
SPX 1-dte
#SPX1dte Sold $SPX 2320/2340-2520/2540 condors for 1.30. Shorts are 180 apart.
BA put spread
Down today but seems like it’s stabilizing after the last couple of days.
Sold $BA Jan 18 290/280 BuPS @ 2.20. Delta of short strike 29.
more UVXY
UVXY
UVXY
LABU
BTC 65 calls @.05
STO January 18, 2019 bear call spread 40/45 @.45 cents. It looks like I will have to roll these for the next 2 years in hope of breaking even. This was a very dumb trade.
I tend to learn something…
I tend to learn something every down turn. This one is no exception. Will keep it short and sweet.
1. Always keep a hedge on. Whether that is VIX futures, SPX puts, /es put or puts on your portfolio. I calculated my SPX hedges that I closed 3 weeks before the market sold off, each contract peaked at 43k Christmas eve, I had 2. That would have more than offset my losses and given me a pile of cash to trade or pay off my mortgage. I think going forward I will sell some leap puts on something I want to own and use the proceeds to cover hedges for an entire year. Call it the house paid for lottery ticket. If it even pays off once a year is worth it. Even once every 2-3 years it will pay for itself.
2. When direction starts to change, quickly ratio your spreads for the directional kick. Perhaps as early as delta 30.
3. Long stock set up a 30 dte synthetic short. Sell 1 atm call on your stock and buy just as many atm puts. At least then your losses are capped and may be a lottery ticket again. Good idea for IRAs.
4. Always keep some cash handy for opportunities like this.
5. Once a spread is deep ITM, probably better to close it and start over. Commissions are low enough now even at TOS that I probably should have reset 3 of my #fuzzy.
6. Volatility creates opportunity but also sometimes wide spreads and trouble trading. What you thought was liquid not so much when the SPX is down 300 points. Better to have the adjustment on early.
7. Not sure the bear is over but today helped all my positions so I will start looking to unwind when I can. Market drops give you a chance to reset trades.
8. Once a bottom is put in go syntheic long and don’t cap your gains!!
Hope everyone else is recovering and has some cash ready 🙂
Just read a statistic
25% of the S&P is trading below 10x earnings.
On the techncial side, T2108 (% of stocks above their 40 day moving average) is still deeply oversold obviously at 6.45. It got down to 3.45 on Monday–it hasn’t been at that level since the implosion in Oct 2008.
Hoping today’s impressive action actually means something. Would love to be dipping my toe back in but I’ve been cautious. Some follow through (similar to the Dalia Lama’s promise of total consciousness)…would be nice.
OLED
#ShortCalls against #BullPutSpreads – More risk off on extra sales.
Bought to Close OLED JAN 4 2019 110.0 Calls @ .20 (sold for 1.15)
XBI
#LongCalls #LEAPS – Booking a full position and selling a half position.
Bought to Close XBI JAN 4 2019 77.0/82.0 Bear Call Spreads @ .09 (sold for .71)
Sold XBI JAN 18 2019 77.0 Calls @ .76
Options Bistro 