BTO Apr 15 284/282 Bear Put spread .78 #hedge From TastyTrade
Recent Updates Page 276
AMZN
STC Mar 22 1652.50 1655.0 Calls $2.45 BTO 1.80
NVDA
STC Mar 22 155/157.50 2.40 2x BTO $1.85
EWZ
#ShortPuts – Small starter position…
Sold 3 EWZ APR 18 2019 43.0 Puts @ .72
AAPL
BTO Mar 22 182.50/185.00 $2.00 #supercharger
GOOGL
BTO Mar 22 1175/1177.50 Calls $1.80 #supercharger
BTO Mar 29 1172.5/1175 Calls $1.80 #supercharger
BIDU
#ShortPut – Staying cautious…
Bought to Close BIDU APR 18 2019 150.0 Put @ .43 (sold for 2.87)
AMD
BTO Mar 29 24 Call STO 24Put BTO 23 Put $.86 #fuzzy
AMD stock spikes after Google confirms partnership for new video game streaming service
A TRADE:
NTNX BTO STOCK @38.33
EOG this week 88.5 cc…
EOG this week 88.5 cc rolled out to 4/5 and up to 89 for 0.20 credit. Cost basis 92.63. Should be a few more rolls to break even.
EOG has excellent premiums but hard to #pietrade. It will move $6 in a week. This one better to swing trade/time I think.
#earnings FDX Sold April 18,…
#earnings FDX
Sold April 18, 160/202.5 strangle for 1.67, break-evens, 158/204 are pretty close to the max 1 day moves of 160/205. Thanks Jeff.
SMH STO the 4/26 100.5…
SMH STO the 4/26 100.5 put for 1.02. Ironically the 101 was selling for about the same so an extra 50c of downside for a few pennies. Plan to close in 3-4 weeks at 50%.
STX
#CoveredCalls – Completely forgot about the dividend risk of DITM covered calls. Was holding STX this week for the divvy that went ex today. Friday’s 41.5 calls exercised overnight so missed the divvy. Should’ve rolled them out a couple more weeks.
On the bright side stock basis of 39.65 so not all bad…
ERX 21.50 cc assigned early…
ERX 21.50 cc assigned early last night. Reopened for 4/5 23 cc at 22.31.
Don’t know about the rest of you, but I have been assigned early on about 40% of my positions lately, even when there is still time value left.
SQ calls
#LongLEAPs #SyntheticCoveredCalls Sold $SQ Mar 29th 79.5 calls for .95
FDX earnings analysis
#Earnings — $FDX reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Dec. 18, 2018 AC -12.16% Biggest DOWN
Sept. 17, 2018 AC -5.53%
June 19, 2018 AC -2.69%
March 20, 2018 AC -1.17%
Dec. 19, 2017 AC +3.51%
Sept. 19, 2017 AC +2.08%
June 20, 2017 AC +1.60%
March 21, 2017 AC +2.12%
Dec. 20, 2016 AC -3.33%
Sept. 20, 2016 AC +6.89%
June 21, 2016 AC -4.53%
March 16, 2016 AC +11.83% Biggest UP
Avg (+ or -) 4.79%
Bias -0.12%, no significant bias on earnings.
With stock at 183.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 172.73 to 193.27
Based on AVERAGE move over last 12 quarters: 174.24 to 191.76
Based on MAXIMUM move over last 12 Q’s (12.2%): 160.75 to 205.25
Based on UP max only (+11.8%): 204.65
Open to requests for other symbols.
ERX Assigned short stock
Would appreciate some advice on this assignment, Presently holding 2020 36 call Leaps, was last night assigned short stock for the 21.50 underwater calls 03/22 I had sold. What would be the best way to handle these?
Any advice would be greatly appreciated.
Distribution Schedule | Direxion
Source: Distribution Schedule | Direxion
#markettide V3 is out. Does…
V3 is out. Does not appear to be a huge resource hog as Bryan initially told me. However, appears less sensitive so you may have to change the ATR settings if you want it to pick up all the pivots.
Default is 0.50 upper but I am trying 0.25 for a while. More sensitive but will be trading full time for a few weeks.
SPX 1-dte
#SPX1dte The long spreads I bought Friday didn’t work; was able to sell a few call spreads for .15 and .20 tis morning.
Since I still have a put spread expiring this Friday, I also sold $SPX March 22nd 2860/2885 call spreads for 3.10.
Hello bistro, my fun ski…
Hello bistro, my fun ski day March 7 turned into a trip to UMD shock trauma so have been out of work and trading for a few weeks. However, I am home another 4 weeks and plan to trade as actively as I can, kind of a test run for full time trading when I retire someday many years from now.
Won’t bore or gross you out with the details, but a collision with another skier (they are ok from what I have heard) sent me face down into the snow from a jump in the terrain park at the end of the day. It subsequently broke my nose (7th time) and 6 other bones in my face. Fortunately my brain and spinal cord are fine and the helmet did its job. But it took a 4 hour surgery and 4 titanium plates in my palate and sinuses to put me back together.
Anyway, my jaw is wired shut for 4 more weeks so I can’t talk which is required for my job. So I am home recovering and will be trading while I burn through my vacation time, fortunately had enough to cover it.
With that said, I needed a bunch of cash so STO EXPE 43 DTE on last Thurs. 115 put for 2.10 in a larger account. My goal is to close it for 50% profit in 3-4 weeks. Tastytrade style.
One of my goals going forward with trading is to target certain trades for certain requirements. With that said, #pietrades will still be the bread and butter, but I occasionally will sell something farther out and OTM mostly to pull the cash out of the account and use it for certain expenses.
Other trades I have on, sorry some of the dates are hazy. I traded some prior to surgery but my vision was fuzzy and my judgement was slightly impaired. Fortunately does not look like I did anything stupid.
Assigned 300 shares EOG over the weekend at the 96 put but cost basis 93.03. STO 3 march 29 90.5 calls at 1.24 this morning. Will manage aggressively. Cb 91.79.
GILD rolled the 70/70 #fuzzy down to 65/65 for debit but cost basis 8.41.
TRIP 52.5 CC for this week cost basis 52.33.
ERX 21.5 cc should assign this friday at cost basis of 20.28.
TQQQ i rolled both batches to 54.5 CC with cost basis of 56.39 and batch 2 53.5 cc for 56.75 and somehow have a third batch now at the 55 cc for 53.79 cost basis.
XBI #fuzzy 80/80 was assigned early on half. Closed and rolled 1/2 the short side up to 91.5.
FAS 57 cc cost basis is 54.20 and will let assign in 2 weeks.
GILD 67.5/67.5 #fuzzy rolled down for credit. Cost basis 6.11.
EOG batch 2 88.5 cc at 92.83 cost basis.
Hope everyone is doing well 🙂
Learned a few life lessons from this but not sure if it will help trading, will see.
On a slow day, I…
On a slow day, I think of ice cream
Don’t miss out, first day of spring this Wednesday!
TRADES:
HIIQ STO 4/18/19 37.0 CALLS @1.60
HIIQ STO 4/18/19 40.0 CALLS @.89
Above sold against 38.0 &39.0 short puts
#coveredcallcampaign AMAT Assigned on AMAT…
#coveredcallcampaign AMAT
Assigned on AMAT again, cost basis of 200 shares is 43.44. Sold 2, April 18, 41 calls for .96.
Hello all!
Wanted you to know I haven’t gone anywhere. This is one of my favorite trading hangouts. I ran out of hours in the day for trading, posting, working, and taking care of my granddaughter. Still trading SPX ICs, collars, ITM covered calls, seasonal trades, and momentum. Good trading to all!
SOXL
#ShortPuts #IRA – Starting a new position after having all my stock called away over the weekend. Selling at the 50ma and hoping to add lower.
Sold 1 SOXL APR 18 2019 110.0 Put @ 2.70
TRADE:
OSTK STO 20.5 3/22/19 CALLS @.50
A TRADE: Slow day.
OSTK STO 3/22/19 17.0 PUTS @.45
WYNN
#CoveredCall – Stock has been weak so staying aggressive…and selling prior to earnings.
Sold WYNN APR 05 2019 116.0 Call @ 3.50
TQQQ calls
#LongLEAPs #SyntheticCoveredCalls Sold $TQQQ Apr 5th 54 calls for 3.40
SOXL WYNN UVXY
#ShortCalls #CoveredCalls – A few fills today…
SOXL: Covered Calls Exercise
Stock being called away at 97.0 with basis of 71.85 (stock at 138.0…Grrrr!!!)
WYNN: Covered Call
Bought to Close WYNN MAR 22 2019 124.0 Call @ .10 (sold for 2.40)
UVXY: Short Calls
Bought to Close UVXY MAR 22 2019 55.0 Calls @ .05 (sold for 1.10)
Expiration / Lost My Shirt GOOGL LULU/ Rolled HIIQ Puts TNDM Calls
#optionsexpiration
$AMRN 16 put
$HIIQ 31 and 33 puts Thank you @honkhonk81
$EVTC 30 puts
$PYX 25Puts
$TNDM 59.50 puts
$NTNX 35 put Thank you @honkhonk81
$AVGO 260/265/267.5 #BrokenWingButterfly (calls), exercising for 2.20 credit (bought for 1.65).
$ADBE 245/250/280/285 condors, sold for 1.20 yesterday. Thank you @jeffcp66 for both.
$NFLX 325/335 BUPS STO Valentine’s Day for 2.50.
#optionsexpiration
Lost My Shirt Much too much patience. Threw away rabbit’s foot and four leaf clover. We will see what happens
$GOOGL 1180/1160 BECS STO 2/28 for 3.10
$LULU 145/155 BUCS BTO at 4.75 on 2/5
#rolling
$TNDM BTC 3/15 70 call and STO 3/22 73 call at $1 cost. Stock at 73.14
$HIIQ BTC 3/15 40 put and STO 3/22 40 put at $1.30 credit. Stock at 34.17
Have a great and green weekend, and a greener remainder of the year. If you drink, do not trade! 😉
Expirations for 3/15
Once upon a time options expiration Friday used to be a great event with positions expiring for full profit and a bunch of risk falling off. I have just about everything on a short leash these days and with all the rollouts not much is being left to expire anymore.
Here’s what I have for today:
Expiring: $UVXY Mar 15 45/55 bear call spreads
Being called away: $TQQQ Mar 15 45 calls (covered)
Have a great weekend everyone.
Long LEAPs calls
#LongLEAPs #SyntheticCoveredCalls
this week I got out of one with profit and stopped on the other.
BTC $SQ March 15th 79 calls for .10 on Thursday. Sold for 1.00 last week.
BTC $TQQQ March 22nd 52 calls for 3.30 on Wednesday. Sold for 1.25 on Monday. Not filled on roll attempt today so will try again on Monday.
Final Trades and Expirations
#Earnings #DoubleCalendar Sold to close $SFIX Mar 22nd 25 calls for 6.80. Waited since Wednesday for this to bounce meaningfully above 32.00, but it didn’t. So I lost a few extra cents on closing, since I covered the short puts and stock for 6.90.
Sold final batch of $ORCL 53 dub cals for .80. Also legged out of a couple to get .85 total. Never has there been a more perfect Friday for a double calendar. Bought for .23 & .24 yesterday.
Bought to close $INTC Mar 15th 50 #CoveredCalls for 4.30 to avoid assignment. Will replace with new calls or sell stock next week.
#OptionsExpiration
$AVGO 260/265/267.5 #BrokenWingButterfly (calls), exercising for 2.50 credit (bought for 1.70 yesterday).
$ADBE 245/250/280/285 condors, sold for 1.12 yesterday.
$SPX 2755/2775-2835/2855 condors, sold yesterday for .75
SPX 1-dte
#SPX1dte Too cheap to go short, so trying a long shot again…
Bought to open $SPX 2770/2790-2850/2860 broken-wing iron condor for .55. (IV: 6.23%, SPX: 2820)
#unbalancedbrokenwingironbutterfly VXXB Not sure what…
#unbalancedbrokenwingironbutterfly VXXB
Not sure what to call it, TastyTrade idea to end the week
bought April 18, 23/27 short put spread and 27/30 long call spread for .26, volatility has to rise-right
Econ Calendar for week of 3/18/19
FOMC meeting and press conference on Wednesday at 2pm ET
Link to calendar: https://us.econoday.com/byweek.asp?day=18&month=3&year=2019&cust=us&lid=0
Bearish on Beer
#bearcallspreads
$SAM STO 4/18 320/340 BECS at 4.20 I am sober at time of trade
Closed Early JD
#longcalls
$JD STC 3/15 25/29 BUCS at 3.60. BTO 1/16 at .80
ORCL starting to close
#Earnings Sold to close first batch of $ORCL Mar15/Mar22 53 #DoubleCalendar for .50. Watching for better exit on the next batch. Bought yesterday for .23 and .24
#shortputspread NFLX Sold April 18,…
#shortputspread NFLX
Sold April 18, 310/320 for 1.70, earnings currently scheduled for April 16.
OSTK earnings trade and analysis
#Earnings — $OSTK reports Monday morning. Below are details on earnings FIVE-day moves over the last 12 quarters.
Thu 11/08/2018 AC -12.62%
Thu 08/09/2018 AC -14.77% Biggest DOWN
Tue 05/08/2018 AC -4.19%
Thu 03/15/2018 AC -3.63%
Wed 11/08/2017 AC +40.40% Biggest UP
Thu 08/03/2017 AC +6.99%
Thu 05/04/2017 AC -1.29%
Tue 01/31/2017 AC +1.20%
Thu 11/03/2016 AC +21.75%
Thu 08/04/2016 AC -0.74%
Tue 05/03/2016 AC +2.96%
Tue 02/09/2016 AC +30.59%
Avg (+ or -) 11.76%
Bias 5.55%, positive bias on earnings.
With stock at 20.25 the data suggests these ranges over FIVE days:
Based on current IV (expected move into Friday per TOS): 16.43 to 24.07
Based on AVERAGE move over last 12 quarters: 17.87 to 22.63
Based on MAXIMUM move over last 12 Q’s (40.4%): 12.07 to 28.43
Based on DOWN max only (-14.8%): 17.26
Open to requests for other symbols.
Rolled AMZN Short Call
#shortcalls
$AMZN BTC 3/15 1675 and STO 3/22 1690 call for additional 3.60 credit. Sold against long 4/18 1700 calls.
#earlyassignment
$EVTC Assigned 3/15 calls at 30. Basis 29.70 Stock current price 28.67
A TRADE:
HIIQ Covered my naked calls that I did today.
HIIQ BTO STOCK @33.68
#dividends SPDR funds I’m not…
#dividends SPDR funds
I’m not certain but I think the SPDR ETFs are all ex-div tomorrow, symbols beginning with X, I’m open to correction if I’m wrong.
AVGO earnings trade
#Earnings Bpought to open $AVGO Mar 15th 260/265/267.5 call #BrokenWingButterfly for 1.70. No upside risk. Allows for a 3% downside move.
SPX 1-dte
#SPX1dte Sold $SPX March 15th (PM) 2755/2775-2835/2855 condors for .75. (IV: 10.37%, SPX 2809)
I will be closing today’s condor for as cheaply as possible into the close, to avoid gap risk on tomorrow morning’s settlement.
A TRADE: Expires tomorrow.
HIIQ STO 3/15/19 32.0 PUTS @.45 I’ll accept the stock if put to me. Stock seems to be settling down.
ADBE earnings trade and analysis
#Earnings — Sold ADBE Mar 15th 245/250-280/285 condor for 1.12. Allows 5.7% move in either direction. Such a move has only been significantly exceeded twice in the data below.
$ADBE reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Dec. 13, 2018 AC -7.28% Biggest DOWN
Sept. 13, 2018 AC +2.29%
June 14, 2018 AC -2.43%
March 15, 2018 AC +3.05%
Dec. 14, 2017 AC +1.43%
Sept. 19, 2017 AC -4.24%
June 20, 2017 AC +2.36%
March 16, 2017 AC +3.80%
Dec. 15, 2016 AC -1.47%
Sept. 20, 2016 AC +7.11% Biggest UP
June 21, 2016 AC -5.72%
March 17, 2016 AC +3.84%
Avg (+ or -) 3.75%
Bias 0.23%, no significant bias on earnings.
With stock at 265.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 252.53 to 277.47
Based on AVERAGE move over last 12 quarters: 255.06 to 274.94
Based on MAXIMUM move over last 12 Q’s (7.3%): 245.71 to 284.29
Open to requests for other symbols.
TRADES: Risky Plummeted Sword All expire tomorrow.
HIIQ STO 3/15/19 33.0 CALLS @1.10 Will cover at33.50
HIIQ STO 3/15/19 36.0 CALLS @.65 If it goes up, it will benefit my ITM short Puts.
#coveredcallcampaign NTGR In early February…
#coveredcallcampaign NTGR
In early February I was assigned from a Dec. put that was sold in July as a #fallingknife. The cost basis was down to 36.95, sold an April 19, 36 call for 1.25.
#earnings AVGO Sold April 18,…
#earnings AVGO
Sold April 18, 230/240/300/310 #ironcondor for 1.85, surprised to be filled. Break evens are outside past 1 day max moves. Thanks for the data Jeff.
ORCL earnings trade and analysis
#Earnings — Bought ORCL Mar15/Mar22 53 #DoubleCalendar for .23 & .24.
$ORCL reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Dec. 17, 2018 AC +0.26%
Sept. 17, 2018 AC -0.30%
June 19, 2018 AC -7.45%
March 19, 2018 AC -9.43% Biggest DOWN
Dec. 14, 2017 AC -3.76%
Sept. 14, 2017 AC -7.67%
June 21, 2017 AC +8.56% Biggest UP
March 15, 2017 AC +6.22%
Dec. 15, 2016 AC -4.30%
Sept. 15, 2016 AC -4.74%
June 16, 2016 AC +2.69%
March 15, 2016 AC +3.82%
Avg (+ or -) 4.93%
Bias -1.34%, negative bias on earnings.
With stock at 53.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 50.52 to 55.48
Based on AVERAGE move over last 12 quarters: 50.39 to 55.61
Based on MAXIMUM move over last 12 Q’s (9.4%): 48.00 to 58.00
Based on Max UP only (+8.6%): 57.54
Open to requests for other symbols.
A TRADE:
HIIQ STO 3/15/19 36.0 CALLS @.65 Stock got killed yesterday. Me too! Short puts. Short calls helped.
AVGO earnings analysis
#Earnings — $AVGO reports tonight. Below are details on earnings one-day moves over the last 12 quarters.
Dec. 6, 2018 AC +0.58%
Sept. 6, 2018 AC +7.69%
June 7, 2018 AC -2.53%
March 15, 2018 AC -4.81% Biggest DOWN
Dec. 6, 2017 AC 0.00%
Aug. 24, 2017 AC -3.70%
June 1, 2017 AC +8.49% Biggest UP
March 1, 2017 AC +0.99%
Dec. 8, 2016 AC +4.90%
Sept. 1, 2016 AC -2.24%
June 2, 2016 AC +4.93%
March 3, 2016 AC +6.35%
Avg (+ or -) 3.93%
Bias 1.72%, positive bias on earnings.
With stock at 271.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 257.74 to 284.26
Based on AVERAGE move over last 12 quarters: 260.34 to 281.66
Based on MAXIMUM move over last 12 Q’s (8.5%): 247.99 to 294.01
Based on Max DOWN only (-4.8%): 257.96
Open to requests for other symbols.
Rolling ETSY TQQQ / Expired 1 DTE
#coveredcalls
$ETSY BTC 3/15 65 call and STO 4/18 70 call. Total credit received so far 1.05. Basis 50.25
#longleaps
$TQQQ BTC 3/15 53 call and STO 3/22 53 for additional .65 credit
#spx1dte
$SPX 2730/2760/2824/2845 STO at .80
TNA TQQQ
#CoveredCalls – BA news gave the market just enough of a pullback to fill these. Trying to squeeze a little more out of these so rolling out but not up keeping some downside protection.
Rolled TNA MAR 15 2019 60.0 Calls to TNA Apr 05 2019 60.0 Calls @ 1.35 credit
Rolled TQQQ MAR 15 2019 50.0 Calls to APR 05 2019 50.0 Calls @ 1.00 credit
ROKU
#ShortPuts #FallingKnife – Starter position just before next earnings…
Sold 1 ROKU APR 26 2019 50 Put @ 1.35
SPX 1-dte
#SPX1dte Sold $SPX March 14th (monthlys) 2750/2770-2855/2875 condors for 1.00.(IV 13%, SPX: 2816)
#earnings AVGO Jeff I almost…
#earnings AVGO
Jeff I almost missed fan favorite AVGO reports tomorrow, do you have data? Thanks
ADDED:
NTNX BTO STOCK @38.42
Compounding effect on levered ETF’s – TQQQ
I am long $TQQQ 66.67 LEAP calls for Jan 2020. I wanted to look at the effect of compounding on the TQQQ, which moves 3x the $QQQ on a daily basis. Levered ETF’s like this are naturally drawn toward zero, a topic I’ve covered before as #ContangoETFs. This is why some of us sell calls on $DUST and $NUGT and a few others like $BOIL. Even though they can go high pretty fast, they will always be drawn back toward zero.
Here’s a chart from my long-ago webinar demonstrating the effect, using hypothetical 10% moves, up and down, on $GDX, and its levered ETFs NUGT and DUST:
As you can see, over just 4 days of moving up and down, GDX is only down 2% and both ETF’s are down 18%. Note that even though NUGT is bullish and DUST is bearish, they moved down the exact same amount.
So I was thinking of TQQQ over the last several months, since the market has gone up and down significantly. Unlike the gold miners, the indices like QQQ have been steadily rising for years, so can we can expect better behavior? I found that the close on June 6, 2018, was only 17 cents off from yesterday’s close on QQQ, so basically the same, and the perfect point from which to measure.
First, I looked at the intraday high of the year, on Aug 30th.
$QQQ up 6.6% from June 6 (175.86 to 187.52)
$TQQQ up 19.1% from June 6 (61.61 to 73.36) *better
This is not surprising, as the move was straight up, and TQQQ performs x3 the QQQ.
Then I looked at yesterday’s close:
QQQ flat at 175.69 from June 6th
TQQQ down 11.7% from June 6th *worse
So, from June 6 until now, TQQQ has suffered from the 3x compounding, while QQQ ended flat.
Looking at a longer time-frame, from the summer highs of 2015:
QQQ up 49.6%
TQQQ up 129.0% *better
What do we conclude? If an underlying has a persistent bullish trend, as QQQ and all the major indices have had since 2009, the triple levered ETF’s will perform better. However, if we enter a period of consolidation, or a bear trend, they will perform more weakly than the underlying.
Taking off a couple of VXXB/UVXY positions
Sold to close $VXXB Mar 15 33.50/28.50 bear put spreads for 3.86. Bought for 2.38 on 2/21.
Bought to close $UVXY Apr 18 56/66 bear call spreads for .51. Sold for 1.61 on 3/8.
SPX 1-dte stopped
#SPX1dte Bought to close $SPX March 13th 2825 calls for .90. Condors sold yesterday for .80. Will be placing a new one today with monthlys that stop trading at tomorrow’s close.
#shortputs CVS March 7, sold…
#shortputs CVS
March 7, sold April 18, 50 put for .86, bought today for .22, thanks Ramie
DG earnings analysis
#Earnings — $DG reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.
Dec. 4, 2018 BO -6.80%
Aug. 30, 2018 BO -0.97%
May 31, 2018 BO -9.36%
March 15, 2018 BO +4.75%
Dec. 7, 2017 BO +2.77%
Aug. 31, 2017 BO -5.43%
June 1, 2017 BO +6.54%
March 16, 2017 BO +0.53%
Dec. 1, 2016 BO -4.96%
Aug. 25, 2016 BO -17.62%
May 26, 2016 BO +4.61%
March 10, 2016 BO +10.66%
Avg (+ or -) 6.25%
Bias -1.27%, negative bias on earnings.
With stock at 121.00 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 114.40 to 127.60
Based on AVERAGE move over last 12 quarters: 113.44 to 128.56
Based on MAXIMUM move over last 12 Q’s (17.6%): 99.68 to 142.32
Based on Max UP only (+10.7%): 133.90
Open to requests for other symbols.
SFIX assignment
#Earnings #Assignment #EarlyAssignment #ShortStock
Assigned over half of my position on $SFIX short 25 calls. Closed short stock position for 31.90. Will sell long calls to cancel out loss, and hopefully cancel out original purchase too if I can get the stock just a bit higher.
NTES NVDA
#ShortPuts – Taking these off a little early as a precaution…
Bought to Close NTES APR 18 2019 190.0 Put @ .25 (sold for 2.90)
Bought to Close NVDA MAR 22 2019 145.0 Put @ .22 (sold for 2.95)
SPX surging
#SPX1dte BTC $SPX March 22nd 2825/2850 call spreads for 10.50. Condors sold for 6.00 on Monday. Had no choice but to close in face of renewed upside warning and strong rally. I’m letting the 2720/2700 put side decay some more, and also added a Partial #ReverseRoll:
Sold SPX March 22nd 2780/2755 put spreads for 3.45.
Now in the hole and will have to choose when to sell a new call spread. Also may need to close today’s 1-dte with short at 2825. Hard to believe it could reach that but after Monday’s 40-point rise we can’t be sure.
“Minor” upside warning
#VIXIndicator Usually the Upside Warning is canceled when we get a Downside Warning. But sometimes, like last Monday, the UpW is canceled by an intraday spike on the $VIX, with no DW taking effect. Usually when that happens, the DW comes within the next few days.
But sometimes, the VIX retreats enough to fire a “minor” upside warning… which is measured on the Fib levels from the recent intraday spike. So three closes below the 78.6% line would fire this “minor” signal.
That will happen today provided VIX closes below 14.44.
This has happened only 6 times since 2000. Below is a chart with the performance of SPX in the days after each “mUpW”, ending at the next VIX spike or DW. You can see that it is mostly positive; even the longest one that goes negative spiked pretty high before rolling over.
UVXY
#ShortCalls – Approaching it’s all time low again reached at the beginning of October just prior to the spike to 95…LOL
Bought to Close UVXY MAR 15 2019 52.5 Calls @ .02 (sold for 1.42)
A TRADE:
HIIQ STO 3/15/19 38.0 PUTS @.80 Expires in 2 days & 5.5 hrs. ;>)
A TRADE:
SFIX STO 3/15/18 33.0 CALLS @.70 NTM
Roll LABU Calls
#coveredcalls
$LABU BTC 3/15 57 calls and STO 3/22 62 calls at breakeven on calls. Gain possible $5 if assigned.
