#LongCalls #LEAPS – Pounded this one pretty hard all the way down. Staying careful now to get out of the way in case of a big rally. Closing more extra sales for profits.
Bought to Close TQQQ JAN 11 2019 43.0 Calls @ .40 (sold for .67)
Recent Updates Page 274
DG
#BullPutSpreads – Giving back a little of the profits booked on the way down and getting deltas back in balance. Selling against 110/90 bull put spreads so all good overall.
Bought to Close DG JAN 11 2019 109.0 Calls @ 1.35 (sold for .92)
WTW
#LongCalls #LEAPS – Triple sales on this one so taking some upside risk off even though these were still very safe. Not getting greedy here…
Bought to Close WTW DEC 28 2018 48.5 Calls @ .15 (sold for 1.85)
AAOI
#CoveredCalls – I’ve finally begun the long slog to as much of a recovery as I can get. Early assigned on Jan 2020 70 strike puts a few weeks ago. (70 strike with a basis of 53.75…uugh). I am long some Jan 2020 12.5 puts that are nicely profitable but not booking those yet.
Replacing this week’s covered call expiration. (sold for .40)
Sold AAOI JAN 18 2019 17.0/25.0 Bear Call Spreads @ .49
Looking for a buck a month and a little recovery in the stock to get out. Using spreads in case we wake up one day and they’re getting bought out for 50 bucks (not sure who would want them…LOL). At some point a bankruptcy will be more beneficial with my long puts but for now still need some basis reduction.
MO
#LongCalls #LEAPS – Small position in a low priced stock. Need 4 cents per week out to 2021. 🙂 Already recovered 25 percent of the LEAPS cost.
Bought to Close MO DEC 28 2018 53.0 Calls @ .02 (sold for .36)
Sold MO JAN 18 2019 51.0 Calls @ .53 (one week prior to earnings hopefully)
Finally some what appears to…
Finally some what appears to be short covering rally. Even if santa is a few weeks late I will take it 🙂
SMH
#LongCalls #LEAPS – More oversales. Taking these off at 50 percent of max…
Bought to Close SMH JAN 11 2019 91.0/96.0 Bear Call Spreads @ .33 (sold for .71)
A TRADE:
SFIX STO 1/4/19 16.0 PUTS @.40
TNA
#LongCalls #LEAPS – Oversales on these also. Haven’t replaced them (yet)…
Bought to Close TNA JAN 4 2019 55.0 Calls @ .02 (sold for .52 as BeCS)
DG
#ShortCalls #BullPutSpreads – Triple sold these so taking the stop out on this batch at a decent profit…
Bought to Close DG JAN 4 2019 110.0 Calls @ .44 (sold for .70)
TRADES:
NRZ BTO STOCK @ 14.52
PBYI BTO STOCK @ 21.27
TQQQ
STO January 2021, 55 calls @ 5.50 which are offset by my 2021, 60 calls. I am scaling the calls out and my next level is 6.10 and, I still have the January 18, 2019, 50/55 call spreads that I expect to expire at zero or I may cover at .05 cents. My reasoning is that even though we are going up today and the market is very over sold, the trend is down and we are in a stage 4 decline. I expect the bear market to last 12 to 18 months.
When I see the market move above the 30 week moving average on volume, I will cover the 2021, 55 calls and see if we can make a new high if we are in another bull market at that time. That is my game plan and I have 2 years to make it work. I still intend to sell short dated call spreads against the 2021 calls.
SPX 1-dte
#SPX1dte Closed shorts for .05 each. On Monday, sold the 2215/2235-2470/2490 condors for 1.40. Tomorrow I’ll sell one for the Friday expiration.
TRADES:
ROKU STO 12/28/18 29.5 CALLS @.38
DBX STO 12/28/18 19.50 PUTS @.30
DBX STO 12/28/18 20.0 CALLS @.40 Will buy stock to cover if necessary.
All expire in 3 days. All naked.
SMH TQQQ UVXY WYNN
#LongCalls #LongPuts #LEAPS #CoveredCalls – Selling the rip again…
SMH: Double dip next week…
Bought to Close SMH JAN 4 2019 94.0 Calls @ .04 (sold for .55)
Sold SMH JAN 4 2019 86.0 Calls @ .70
TQQQ: Covered…
Sold TQQQ FEB 15 2019 40.0 Call @ 1.70
UVXY: Double and triple dips…
Rolled UVXY DEC 28 2018 75.0 Puts to DEC 28 2018 81.0 Puts @ .90 credit
Rolled UVXY JAN 4 2019 65.0 Puts to JAN 4 2019 75.0 Puts @ 1.13 credit
WYNN: Covered…
Sold WYNN JAN 18 2019 105.0 Call @ 1.80
SQ closed
#LongLEAPs #SyntheticCoveredCalls
BTC $SQ Dec 28th 58 calls for .07. Sold for .75 on Friday.
Alpha Shark Indidcator
@hcgdavis – Hey Chris. I just purchased the indicator for the opening price. Forwarded the email received after purchase to you and Bryan. Thanks!
OLED REGN UVXY
#LongCalls #LongPuts #LEAPS #BearCallSpreads -A couple late fills…
OLED:
Bought to Close OLED DEC 28 2018 105.0 Calls @ .05 (sold for 1.10)
REGN:
Bought to Close REGN DEC 28 2018 385.0 Call @ .10 (sold for 2.20)
UVXY:
Rolled UVXY JAN 4 2019 70.0 Puts to JAN 4 2019 75.0 Puts @ 1.14 credit
Happy holidays to everyone.
See you on Wednesday.
On Christmas Eve?
#VIXIndicator Looks like two new downside warnings, on usually the quietest day of the year. Down 2% on Christmas Eve.
May your Christmas Day be free of volatility and full of cheer!
TQQQ calls covered
#LongLEAPs #SyntheticCoveredCalls
BTC $TQQQ Dec 28th 39 calls for .10. Sold for .85 on Friday.
SPX 1 -dte
#SPX1dte Sold $SPX Dec 26th 2215/2235-2470/2490 condors for 1.40. Short strikes 235 points apart.
TRADES: Listening to Merle Travis pickin’ ;>)
NRZ STO 1/18/18 14.0 PUTS @.70
NRZ STO 1/18/18 15.0 PUTS @1.49
SFIX STO 12/28/18 17.5 CALLS @.35
AMD STO 12/28/18 17.0 CALLS @.50
AMD STO 12/28/18 17.5 CALLS @.36
PCG STO 12/28/18 23.5 CALLS @.55
Speculative, but figure it’s going to be a short and slow week, so ………
RTN
#LongCalls #LEAPS – Not interested in carrying this one to 2021 unless I have to. Selling spreads well OTM shooting for even and then so long RTN! Need .23 per week to get to even…
Bought to Close RTN DEC 28 2018 177.5 Calls @ .02 (sold for .58 as BeCS)
Sold RTN JAN 11 2019 162.5/172.5 Bear Call Spreads @ .69
UNG
OLED
#ShortCalls – A couple nearer term positions are nicely profitable with stops set so adding a new one. Outside the expected move and prior to earnings…
Sold OLED JAN 18 2019 100.0 Calls @ 1.50
LABU NVDA STX TNA TQQQ
#CoveredCalls – Assigned some shares so getting the covered calls working right away. Selling slightly below basis so won’t hesitate to roll on a rally. Sales on individual stocks are (hopefully) prior to next earnings.
LABU:
Sold LABU FEB 15 2019 35.0 Call @ 1.68
NVDA:
Sold NVDA FEB 01 2019 145.0 Call @ 4.50
STX: Nice divvy down here…
Sold STX JAN 18 2019 40.0 Calls @ .68
TNA:
Sold TNA FEB 15 2019 45.0 Call @ 1.75
TQQQ:
Bought to Close TQQQ JAN 04 2019 45.0 Call @ .05 (sold for 1.60)
Sold TQQQ FEB 15 2019 40.0 Call @ 1.60
Merry Christmas Eve!
Did not think I would trade today but the continued market puke fest took all the time value out of a few of my positions.
MU rolled the 18 DTE 40/40 #fuzzy out to 39 DTE for 0.33 credit. Cb now 14.8. I suspect there is a lot of tax loss selling in the this and WDC and hope they will rebound in the new year.
I have some EXPE trades in the cue but the market makers are being greedy.
Also, even though my equity curve is now down, in my core account I have generated 17% cash returns over the last 12 weeks. As @kathycon I believe said below, equity is lower but cash is higher. Good to have some cash to use but this time I am waiting until I see a shift.
Maybe, just maybe that was the bottom this morning. The VIX spiked to 33.38 and hopefully that will mark the low. I was personally thinking we needed a vix spike 30-50 before a bottom. Of course it could go much higher but the last major dips were done when there was real panic.
Merry Christmas
BOIL UVXY TQQQ
#LongCalls #LongPuts #LEAPS #BearCallSpreads – A few fills at the open…
BOIL:
Bought to Close BOIL MAR 15 2019 50.0/60.0 Bear Call Spreads @ 1.25 (sold for 3.00, 3.25, 4.27)
UVXY:
Bought to Close UVXY DEC 28 2018 65.0 Puts @ .07 (sold for 2.75)
Sold UVXY JAN 4 2019 70.0/60.0 Bull Put Spreads @ 1.00
Rolled UVXY JAN 4 2019 62.5 Puts to JAN 4 2019 70.0 Puts @ .82 credit
TQQQ:
Bought to Close TQQQ JAN 4 2019 47.0 Calls @ .05 (sold for .63 as BeCS)
Sold TQQQ JAN 18 2019 39.0/45.0 Bear Call Spreads @ .70
SPX 1-dte closed
#SPX1dte Closed $SPX Dec 24th 2270/2290-2490/2510 condors for .20. Sold for 1.40 on Friday. Selling one for Wednesday expiration before the close.
Darkest before the dawn
Here’s Jesse Stine’s 2019 forecast. There’s nothing like a good dose of contrarian sentiment to help you think more clearly.
The link to the newsletter is at the bottom of the page. http://jessestine.com/friends-and-family-market-alerts/
Leveraged ETFs
There has been some talk here and on TastyTrade about the dangers of leveraged ETFs and how they fall harder and faster than their underlying ETFs. So I did a little research of my own based on the 2018 correction starting in October. 🙂
SPY -18.3% from 9/20 high
UPRO (3x SPY) -47%
—–
QQQ -21.3% from 10/1 high
TQQQ (3x QQQ) -55.2%
—–
IWM -26% from 8/31 high
TNA (3x IWM) -61.3%
In all cases, the leveraged ETFs have fallen less than 3x the drop of the underlying. With respect to whether leveraged ETFs keep up with the underlying on a bull run, I won’t cite them all. However, since the Jul 2010 low to the Oct 2018 high, QQQ was up 304% and TQQQ was up 3,619%. It may be true that the 3x ETFs don’t work for day trading due to one-day discrepancies but over time, the leveraged shares make a fine investment imo, especially if you have time to push thru the slogs to the next rally.
UVXY spreads & overall approach
#VXXGame My attempts at legging out of the $UVXY Dec 21st 50/60 call spreads were also a failure, but only a bit worse than allowing them to expire. Sold for 5.68 (avg price), some will expire for 10.00, some closed for 10.60, and assigned short shares on a couple others, cost basis 69.43.
Also, I took off some risk this week without rolling. First we’ve experience a market like this 2008, and I wasn’t trading then. I hold very few short options positions compared to many times in the past, and my remaining short $UVXY calls are hedged with a greater number of long calls, albeit much further OTM.
Suffice it to say the only thing working right now are the 1-day SPX condors. I’m finished trying any more directional positions until market is clearly finished with this. If we go much lower, I will continue to shed positions slowly.
BTC $UVXY Mar 15th 75 call for 16.00, sold for 6.125, avg price, in Sept/Oct
BTC $UVXY March 15th 95 call for 10.15, breakeven, sold for 10.15 in late October.
Closed $SOXL Feb 15th 75 put for 12.70. Sold for 7.00 as a roll.
SPX 1-dte
#SPX1dte I tried to leg out and leg in to the condors today. I continue to suck at those attempts like no other. This time, I paid more than necessary to exit today’s condor, but still with a profit. I was mildly successful at legging in to Monday’s.
Closed $SPX Dec 21st 2355/2375-2550/2570 condors for .60 total. Sold for 1.05 yesterday.
Sold $SPX Dec 24th 2270/2290-2490/2510 condors for 1.40 total.
So much for the Santa…
So much for the Santa Claus rally this year. I hope some of this is tax lot selling and we rebound in the new year.
I will be adjusting more positions next week when we re-open.
Merry Christmas everyone!
T2108 update
Almost at the close, T2108 is 5.60.
UVXY
Econ Calendar for week of 12/24/18
Link to calendar: https://us.econoday.com/byweek.asp?day=24&month=12&year=2018&cust=us&lid=0
WTW
#LongCalls #LEAPS – Prior sale is over 50 percent green and the one before that is practically worthless. Staying out in time and adding outside the expected move.
Sold WTW JAN 11 2019 46.0 Calls @ .70
OLED
#ShortCalls – Let’s see if we can talk this thing into an up move. Selling aggressively at the expected move and the 50ma resistance…(I usually try to be just outside those)
Sold OLED JAN 11 2019 100.0 Calls @ 1.75
OLED
#ShortCalls – Forgot I had this order in. Was gonna let it expire.
Bought to Close OLED DEC 21 2018 104.0 Calls @ .05 (sold for 1.05)
UVXY
WYNN
#LongCalls #LEAPS – Still plugging away with overlapping sales…
Bought to Close WYNN DEC 28 2018 115.0 Calls @ .05 (sold for 1.20 as BeCS)
UVXY
So touchy
This is perhaps the most sensitive market to seemingly low impact headlines that I can remember…
BREAKING: Stocks spike to session high after NY Fed President John Williams says the Fed could reevaluate its view in 2019 https://t.co/VO5GKms1AL pic.twitter.com/1Zrhcbqyxs
— CNBC Now (@CNBCnow) December 21, 2018
Covered Calls
#LongLEAPs #SyntheticCoveredCalls These would have been better yesterday, but couldn’t catch it.
Sold $SQ Dec 28th 58 calls for .75
Sold $TQQQ Dec 28th 39 calls for .85
It will be hilarious if I just sold at the bottom! Oh, how we will laugh.
#shortstock DENN These are interesting…
#shortstock DENN
These are interesting times to be trading. I have just a few short stock positions, one being Denny’s that I shorted at 13.91, now UP to 16.23. I’ve lamented this before, I know I’m repeating, but in a seemingly bear market, can’t Denny’s participate even a little?
Alphashark tool market tide indicator.
After figuring out a rough number of how many want the tool Bryan has given the go ahead.
Just send him an email directly. Bryan Klindworth and his email is bryan@alphashark.com. Tell him you want the tool and the special pricing and are from the Options bistro. They will then give you a special link to purchase at the discount.
Not sure how long he will leave it up.
Can install in a few minutes on TOS and there are also recordings of mentoring sessions.
The only catch is the first person to buy it has to spend $299. Everyone after that gets it for $249.
Happy Trading! You directional guys will probably love this but it only works on time charts, not ticks or range charts. Just something to be aware of.
Merry Christmas, think I am done until next Thurs.
DUST closing
Just saw this fill from earlier.
Bought to close $DUST Mar 15 2019 40 calls @ .90. Sold for 2.00 on 7/27.
Taking the >50% off 4 months early.
Getting more aggressive in closing profitable positions now just because of how the exploding volatility has made a huge dent in buying power.
SPX 1-dte
#SPXcampaign Sold to open $SPX Dec 21st 2355/2375-2550/2570 condors for 1.05.
BA put spread
Hoping I’m not too early but just sold $BA Jan 18 295/290 BuPS for 1.20 credit. Short strike is below the stock’s big low on 11/20.
VIX touches above 30…
…and we get a 30-point SPX bounce… is that what everyone was waiting for to buy?
DG MO REGN SMH SOXL TNA TQQQ UVXY
#LongCalls #LongPuts #LEAPS #CoveredCalls – Managed to get a few more sold this morning. LEAPS are obviously struggling but getting some good basis reduction done on the 2021 positions. UVXY puts paying nicely so will receive the full benefit of those sales when it finally pulls back and the long puts start helping out. Nat gas short helping also…
DG:
Bought to Close DG DEC 21 2018 109.0 Calls @ .05 (sold for .60)
Sold DG JAN 25 2019 110.0 Calls @ .70
MO:
Sold MO JAN 11 2019 52.5 Calls @ .32
REGN:
Sold REGN JAN 4 2019 385.0 Call @ 2.30
SMH:
Sold SMH JAN 11 2019 91.0/96.0 Bear Call Spreads @ .71
SOXL:
Sold SOXL FEB 15 2019 95.0 Calls @ 7.00
TNA:
Bought to Close TNA DEC 21 2018 54.0 Calls @ .04 (sold for .62)
Sold TNA JAN 11 2019 50.0 Calls @ .90
TQQQ:
Bought to Close TQQQ DEC 28 2018 52.0 Calls @ .05 (sold for .72 as BeCS)
UVXY:
Bought to Close UVXY DEC 21 2018 62.5 Puts @ .05 (sold for 1.60)
Bought to Close UVXY DEC 28 2018 60.0 Puts @ .25 (sold for 1.55)
Sold UVXY JAN 4 2019 62.5 Puts @ 1.80
Sold UVXY JAN 4 2019 65.0 Puts @ 1.77
Let’s add gov’t shutdown to the mix!
Average S&P 500 stock is now
D
O
W
N
over 25% from its 52-week high. https://t.co/RXsMXKjJaR pic.twitter.com/Ov9xJk0h6R— Bespoke (@bespokeinvest) December 20, 2018
T2108
Anyone know where the T2108 is trading?
#lizardpies Just converted the SQ…
Just converted the SQ trade below into a jade lizard. STO the 55.5/56.5 ccs for 0.44 credit. No upside risk if we rebound and lower break even now 52.08. Widens out the break even on the downside, no risk to upside.
Plunge accelerating
VIX spiking
Lots of adjusting but not…
Lots of adjusting but not making anything, just staying flat. Brutal market, I am officially only 2 k above where I was Feb 2018 after the SVXY losses. Obviously need to change what I am doing, need more directional trading as income investing cannot keep up with 10-20% moves. 2018 is going down as a worse year than 2015. Hope everyone else is doing better than surviving. Even the increased volatility is making it hard to roll.
#pietrades
SQ STO the 56.5 8 DTE put for 1.11. CB 55.38 if assigned but I am most likely going to roll it. Actually it is now down 3+ and will roll it now. Moved to 55.5 15 DTE for 0.22 credit. Break even now 52.52.
LNG 61 cc rolled out to 15 DTE for 0.61 credit. Cb 58.10
TQQQ lot 1 60 cc rolled down to 50 cc 43 DTE for 0.80 credit. Cb 58.10
TQQQ lot 2 60 cc rolled down to 50 cc and 43 DTE for 0.70 credit cb 57.60
LNG lot 2 15 DTE 61 cc cb 59.27
#fuzzy
EXPE 125/126 rolled 43 DTE for 0.55 credit. cb now 12.23
EOG 110/110 rolled out 43 DTE for 0.4 credit. cb 11.44
GILD 67.5/69 rolled out 43 dTE for 0.69 credit cb now 8.90
May plan going forward. The now deep ITM #fuzzy will roll the short options out to 43 dte then reset after every 3 weeks. Hope to keep chipping away and if the delta/gamma becomes too large to roll for credits will either close or roll up/down. As long as I can gain 0.4 every 3 weeks will run them to expiration. Still have 108 weeks on most.
For the #pietrades that are below cost basis will aggressively roll up at any sign of rebound to avoid being run over and locking in a loss.
As cash builds from the rolls may either sit on it or add to weekly #pietrades depending on what the market is doing. However I think getting short here is stupid. Any progress on a trade deal with China and I think we rebound big time. Not to get political, but I think the GOP is starting to see how bad tariffs are (layoffs, increased costs, and now crashing market) and to keep their jobs will pressure to get a deal done.
Trade smart or sitting on the sidelines for a while is also a viable option. Wish I had just kept my hedges on, I would be pulling out huge amounts of cash now. Another expensive lesson learned.
SPX 1-dte closed
#SPX1dte Closed entire condor, $SPX Dec 20th 2360/2380-2585/2605 for .30. Sold yesterday for 1.30.
At the end of today, I will sell a new one for tomorrow’s PM expiration.
NKE earnings analysis
#Earnings $NKE reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Sept. 25, 2018 AC -1.28%
June 28, 2018 AC 11.12% Biggest UP
March 22, 2018 AC 0.32%
Dec. 21, 2017 AC -2.28%
Sept. 26, 2017 AC -1.91%
June 29, 2017 AC 10.96%
March 21, 2017 AC -7.05% Biggest DOWN
Dec. 20, 2016 AC 0.98%
Sept. 27, 2016 AC -3.77%
June 28, 2016 AC 3.84%
March 22, 2016 AC -3.79%
Dec. 22, 2015 AC -2.36%
Avg (+ or -) 4.14%
Bias 0.40%, no significant bias on earnings.
With stock at 69.00 the data suggests these ranges:
Based on current IV (expected move per TOS): 64.42 to 73.58
Based on AVERAGE move over last 12 quarters: 66.14 to 71.86
Based on MAXIMUM move over last 12 Q’s (11.1%): 61.33 to 76.67
Open for requests on other symbols.
#earnings COST ADBE Sold Dec….
#earnings COST ADBE
Sold Dec. 21 5 wide #ironcondors, closed the put spreads for max loss on COST, 3.20 on ADBE.
REGN RTN SMH SOXL TNA TQQQ UVXY WTW WYNN XBI
#LongCalls #LongPuts #LEAPS #CoveredCalls – Out most of the afternoon but managed to sell pretty hard into the morning rally. Sell the rip until it quits working…
REGN:
Bought to Close REGN DEC 21 2018 397.5 Call @ .10 (sold for 2.10)
Sold REGN DEC 28 2018 385.0 Call @ 2.20
RTN:
Sold RTN JAN 4 2019 175.0/185.0 Bear Call Spreads @ .62
SMH:
Bought to Close SMH DEC 21 2018 94.5 Calls @ .07 (sold for .58)
Sold SMH JAN 4 2019 94.0 Calls @ .55
SOXL: Covered but didn’t get a chance to sell a new batch…
Bought to Close SOXL DEC 21 2018 100.0 Calls @ .10 (sold for 12.35)
TNA:
Bought to Close TNA DEC 28 2018 60.0/70.0 Bear Call Spreads @ .06 (sold for .91)
Sold TNA JAN 11 2019 55.0 Calls @ .82
TQQQ: Some covered and some against LEAPS…
Bought to Close TQQQ DEC 21 2018 46.0 Calls @ .05 (sold for .82)
Bought to Close TQQQ DEC 21 2018 48.0 Calls @ .05 (sold for 2.05)
Sold TQQQ JAN 4 2019 47.0/52.0 Bear Call Spreads @ .63
Sold TQQQ JAN 4 2019 45.0 Call @ 1.60
Sold TQQQ JAN 18 2019 45.0 Calls @ 1.65
UVXY:
Rolled UVXY DEC 28 2018 57.5 Puts to DEC 28 2018 65.0 Puts @ 1.46 credit
Sold UVXY DEC 28 2018 60.0 Puts @ 1.55
Sold UVXY DEC 28 2018 62.5 Puts @ 1.60
WTW:
Sold WTW JAN 4 2019 46.0 Calls @ 1.00
WYNN: Some covered and some against LEAPS…
Sold WYNN JAN 11 2019 114.0/124.0 Bear Call Spreads @ 1.05
Sold WYNN JAN 11 2019 110.0 Call @ 2.18
Bought to Close WYNN DEC 21 2018 110.0 Call @ .05 (sold for 3.25)
XBI:
Bought to Close XBI DEC 28 2018 81.5 Calls @ .02 (sold for .40)
Bought to Close XBI DEC 28 2018 82.5 Calls @ .01 (sold for .51)
Sold XBI JAN 4 2019 77.0/82.0 Bear Call Spreads @ .71)
UVXY spreads
#VXXgame I had sold $UVXY 50/60 Dec 21st call spreads(for 4.35 and 7.00) in belief volatility would be calmed going into Xmas. Wrong.
On one account, I was assigned short stock at 50.00. I sold the long 60 calls for 12.60 today, and covered stock f0r 71.10, meaning out of the spread for 8.50.
On the other accounts trying to close one of the spreads for 9.30 but not getting filled. I’ll see if assigned tonight and deal with closing on the swings tomorrow.
I take it FOMC was…
I take it FOMC was not good. Away from my desk for a few hours and everything green turned red, very Christmasy!
SPX 1-dte
#SPX1dte Sold $SPX Dec 20th (monthlys) 2360/2380-2585/2605 condors for 1.30. Stop trading at 4:15pm tomorrow, settle Friday morning. I will close the trade during trading hours tomorrow.
Shorts are 205 points apart.
SPX trades
Before the announcement:
Bought to Open $SPX Dec 20th (monthlys) 2650/2670 call spreads for 1.20. This was betting on an explosion higher, and perhaps a quick double into tomorrow. So far, not looking good.
After the announcement
Sold to open Feb 14th (monthlys) 2300/2280 put spreads for 1.95. Partial roll from January spread stopped earlier this week.
Looking to sell the 1-dte trade in the next hour.
A TRADE:
UVXY STO 12/21/18 71.5/74.0 BeCS @.55. Break Even Stock Price indicator in TOS is my stop.
MU #fuzzy Rolled the 40/40…
MU #fuzzy
Rolled the 40/40 down to 35/35 for debit of 2.10 then credit of 0.88 so cost basis now 15.13. Its a dog but weekly premium is good so I thought I would stick with. Have 108 weeks to break even or hopefully make some money on it.
MU and WDC both went from being my best perforning tickers all year to my worst in just 10 weeks.
SPX 1-dte
#SPX1dte Closed $SPX 2435/2415 put spreads for .15. Looking to close call side on a pullback. If none comes I will stop out when condor is near breakeven.
Not advertising here and I…
Not advertising here and I am not getting anything out of this but some local trader friends wanted the Alphashark market tide indicator. I spoke with Bryan who developed it and negotiated a deal. First copy $299 but any additional copies for $249 and no limit. It retails for $999 on their website. I have been using it for 2 months now and would gladly pay retail now that I know how well it works.
Here is a screen shot with just the indicator and a market profile.
He did not want me just randomly posting the link so if you want it send me an email or let me know here and I will send you the special purchase link for the discount.
Cheers, Chris
#assignment yet again AAPL M…
#assignment yet again AAPL M
Assigned on AAPL, knew that would happen, basis is 174, sold Dec. 21, 170 call for .68
M assigned at 39, basis of 36.28, M at about 31
What me Worry
VXX long puts
Playing for a volatility contraction into the end of the week.
Bought to open:
$VXX Dec 21 43.50 puts @ 1.57
$VXX Dec 21 44.00 puts @ 1.80
SPX 1 -dte
#SPX1dte Sold $SPX Dec 19th 2415/2435-2635/2655 condors for 1.25. Shorts are 200 points apart. Will try to close before Fed announcement at 2pm ET tomorrow.
MO
#LongCalls #LEAPS – A cheap one I took for fun where the weekly sales got in trouble almost immediately. Rolled them way out and up. Finally getting a chance for a reset. Out to 2021 only needing .04 per week…
Bought to Close MO MAR 15 2019 57.5 Calls @ .74 (sold for .72)
Sold MO DEC 28 2018 53.0 Calls @ .36
more DUST
#BearCallSpreads – My last position in this ticker. So long ‘ol buddy!
Bought to Close DUST DEC 21 2018 30.0/35.0 Bear Call Spreads @ .10 (sold for 1.38)
Options Bistro 