#shortputspread
SPX sell Nov 21 2640/2630 put spread for 0.20cr. Only 1:15 remaining and price today never below 2650.
Recent Updates Page 279
SPX 1-dte
#SPXcampaign Sold to Open $SPX Nov 23rd 2600/2620 – 2705/2725 condors for .95. Expire Friday.
#fuzzy GILD rolled the 3…
GILD rolled the 3 DTE 69 call out 16 DTE for 0.96 credit. Cb now 10.96 on this batch and still have 111-112 weeks to manage.
Have a great Thanksgiving!
#ironcondor SPX sold today’s 2690/2700…
#ironcondor
SPX sold today’s 2690/2700 calls and 2640/2630 puts for 0.90cr. So far so good as prices remains mid-range 2650 to 2670. My second attempt at IC trade.
EWW
#LongCalls #LEAPS – Slight oversale against the LEAPS with alerts and stops set on the next week’s.
Sold EWW DEC 14 2018 44.0 Calls @ .48
SHAK
#ShortPuts #IRA – More risk reduction. Just a tiny loss in a position I’m not interested in anymore. Looking for some more divvy payers to sell instead.
Bought to Close SHAK DEC 21 2018 47.5 Put @ 1.55 (sold for 1.43)
Bought to Close SHAK DEC 21 2018 50.0 Put @ 2.49 (sold for 2.20)
SOXL TQQQ
#CoveredCalls #IRA – These will be way too aggressive if the G20 becomes a success. If not, they will be brilliant. 🙂 We know how that usually turns out. LOL
SOXL:
Rolled SOXL DEC 21 2018 115.0 Calls to DEC 21 2018 100.0 Calls @ 4.75 credit.
Stock basis of 91 with additional 12.35 credit received and covered at 100. Wouldn’t be horrible if the stock got called away…
TQQQ:
Sold TQQQ DEC 21 2018 48.0 Calls @ 2.05
SJM
#ShortPuts #IRA – Risk reduction ahead of earnings. Looking to sell again on any more weakness….
Bought to Close SJM JAN 18 2019 95.0 Put @ .89 ( sold for 2.39)
SPX 1-dte closed
$SPXcampaign Sold the 2550/2470-2740/2760 condors yesterday for .85.
Closed for .10 today; closed the short calls for .05 in the pre-market, then the put spread just closed for .05.
Selling another later today for Friday expiry
TNA
#LongCalls #LEAPS – Just a small 3 lot that I haven’t added to yet. Rolling down next week’s short calls for a little extra credit. I’m using overhead resistance and the expected move to pick these strikes. Staying prior to the G20 also.
Rolled TNA NOV 30 2018 66.0 Calls to NOV 30 2018 63.0 Calls @ .46 credit (second roll…2.48 total credit now)
Basis’ on both of these positions (TQQQ and TNA) have already been reduced by over 25 percent on 2021 positions 🙂 🙂
TQQQ
#LongCalls #LEAPS – Just a small 3 lot that I haven’t added to yet. Rolling down next week’s short calls for a little extra credit…
Rolled TQQQ NOV 30 2018 52.5 Calls to NOV 30 2018 47.0 Calls @ .77 credit (second roll…2.52 credit total now)
DUST
View from the cheap seats…
Interesting that in spite of the imploding market today the chips held up pretty good. SMH and SOXL held their own and NVDA and AMAT were up nicely. Short covering or some bottom pickers snooping around?
OLED TQQQ LABU-LABD
#LongCalls #LongPuts #LEAPS #CoveredCalls – Was out nearly all day but had a couple fills from standing orders and the beginning of another experiment 🙂
OLED:
Bought to Close OLED NOV 23 2018 98.0 Calls @ .05 (sold for .65)
TQQQ:
Bought to Close TQQQ NOV 30 2018 55.0 Calls @ .05 (sold for 1.19) re-load tomorrow hopefully…
Risk reduction on one contract taking the small loss…
Bought to Close TQQQ JAN 18 2019 40.0 Put @ 3.50 (sold for 2.50)
LABU/LABD
One of my most frustrating positions so going to try something. Converting the LABU long LEAP calls to long LEAP puts on LABD. The built in drag should help this and the call side was approaching massive whipsaw risk with sales so far below the LEAPS. New position is out to 2020 instead of 2021. Collect as much premium as I can between now and then and then see where it stands.
To establish the new position, I sold the calls and bought whatever puts were the same price and just rolled the basis to the new position. Long 25 strike puts now so will be selling above those but not nearly the whipsaw risk that the call side had.
Long story short…about 30 cents a week on a 5 lot is the goal. Hopefully can get most of that.
O.T.
I will be here tomorrow but don’t expect to do anything. This is a really sick market. Who would have thought that the whole U.S. stock market is based on selling iphones. LOL.
There does not seem to be a FED put anymore so I am doing very little other than selling short dated calls against my long call leaps. I hope everyone has raised cash and is sitting on your hands.
TRADES:
DBX BTO STOCK @21.35
DBX STO 11/23/18 21.50 CALLS @.42
Happy Thanksgiving
Happy Thanksgiving to all, and my heartfelt thanks to Jeff for running this great site, and to everyone who contributes. In my world, I have zero people with which I can truly discuss any of this, so people here, in addition to seemingly like really good people, well, that’s what really matters.
TRTN #CoveredCalls BTC Dec 21…
TRTN #CoveredCalls
BTC Dec 21 35 covered calls @ .80 STO on Nov 7 @ 1.70…taking my 50.4%.
ADSK earnings analysis
#Earnings $ADSK reports tonight. Below are details on earnings 1-day moves over the last 12 quarters.
Decent premium available outside the recent maximum moves.
Aug. 23, 2018 AC 15.32% Biggest UP
May 24, 2018 AC -4.44%
March 6, 2018 AC 14.87%
Nov. 28, 2017 AC -15.85% Biggest DOWN
Aug. 24, 2017 AC 3.94%
May 18, 2017 AC 14.69%
March 2, 2017 AC -2.29%
Nov. 29, 2016 AC -3.52%
Aug. 25, 2016 AC 8.11%
May 19, 2016 AC -2.31%
Feb. 25, 2016 AC 3.58%
Nov. 19, 2015 AC -2.94%
Avg (+ or -) 7.66%
Bias 2.43%, positive bias on earnings.
With stock at 122.50 the data suggests these ranges.
Based on current IV (expected move per TOS): 109.95 to 135.05
Based on AVERAGE move over last 12 quarters: 113.25 to 132.03
Based on MAXIMUM move over last 12 Q’s (15.9%): 103.20 to 142.08
Open for requests on other symbols.
BBY earnings were this morning
That’s an error on the side chart… $BBY announced this morning, NOT later today.
#earnings #shortstrangles DE Sold Dec….
Sold Dec. 21 115/165 for 1.53, DE is at 138.
SPX 1-dte
#SPXcampaign Sold to Open $SPX Nov 21st 2550/2570-2740/2460 condors for .85. Expires tomorrow.
TT Cherry Picks w/Holiday Schedule
https://tinyurl.com/ydb987du
TNA STO TNA Apr18’19 40…
TNA
STO TNA Apr18’19 40 PUT $2.80
SOXL STO SOXL May17’19 55…
SOXL
STO SOXL May17’19 55 PUT $6.30
#shortputspread SPXW STO Nov 21…
#shortputspread
SPXW
STO Nov 21 2645/2605 for $11.50,BTC $9.50, 15 minute trade – reversion to mean
#coveredputs #coveredcalls WYNN CLR CLR…
#coveredputs #coveredcalls WYNN CLR
CLR rolled Nov. 23, 46 put to Nov. 30, 46 put for .61, short shares at 45.94, stock at 44.43
WYNN sold Nov. 23 106 call .39 long shares at a painful basis, stock at 101.
TGT earnings
#Earnings #PreEarnings Well, this was my only attempt since early October at long calls leading up to earnings. Aaaaand, face plant.
Catching up on today’s trades
Took some profits on GTC orders.
Bought to close:
$DUST Dec 21 45 calls @ .35. Sold for 1.25 on 8/13.
$DUST Mar 15 2019 64 call @ .37 Sold for 2.10 on 8/23.
$PCG Nov 23 14 puts @ .06. Sold for 1.40 on 11/15 (thanks @optioniceman)
$WHR Dec 21 100 puts @ .48. Sold for 1.40-1.65 on 7/25.
$SFIX Dec 21 22 puts @ 1.30. Sold for 1.38 on 10/2. Taking off for around breakeven/small profit; will stand pat with the other rungs of the ladder I sold on 10/2–Nov 24 puts taken off for most of the max profit 2 weeks ago, and leaving the short Mar 15 18 puts out there, I decided to lower my exposure to this one a bit.
$NVDA has now been cut in half
From its early Oct highs
TQQQ calls closed
#LongLEAPs #SyntheticCoveredCalls
BTC $TQQQ Nov 23rd 50 calls for .15. Sold Thursday for 1.15.
#coveredcallcampaign Sold Dec. calls that…
#coveredcallcampaign
Sold Dec. calls that are covered on some stocks today (I know it’s a down day);
FEYE, JCI, GPOR, WDC, DDD, T, SKX, OIH
LABU
I am getting killed on this from mark to market.
STO December 7, 55 calls @ .92 on half my position but this covers my weekly nut of .15 cents. I can still sell the other half on a rally to earn more than my weekly premium when it does recover in the next 3 weeks.
SPX 1-dte
#SPXcampaign Stopped out on my 2685/2665 put spread for 3.75. Will roll into a longer term spread.
TRADES: Mostly sitting on my hands.
DBX BTO STOCK @21.5
DBX STO 11/23/18 21.5 CALLS @.50
BOIL UNG and nat gas…
https://www.zerohedge.com/news/2018-11-18/optionsellerscom-goes-dark-after-catastrophic-loss-event-natgas-short-squeeze
NFLX put spread
Another out of the money put spread on a stock heavily extended to the downside. Short strike 15 delta. Sold $NFLX Dec 21 225/215 BuPS @ 1.20.
#fuzzy GILD rolled 4 DTE…
GILD rolled 4 DTE 70/70 out to 25 DTE for 1.02 credit.
Cost basis now 10.31 and still have 112 weeks to manage.
Starting to agree with @fuzzballl, the extra time on these makes it a lot easier to ride out market volatility.
However, I am trying to trade them #pietrades style to keep cash coming in. Seems to work, I doubled my cash balance in the core account with just 2 trades this morning (was not much to start with, only $1100). But now I have enough to add some more contracts somewhere at better prices 🙂
AMZN put spread
Sold $AMZN Dec 21 1390/1385 BuPS @ 1.20. Did this trade in a couple of smaller accounts hence the tight spread of 5 points. I’ll likely have to hold this longer than if I sold let’s say a 20 point wide spread to get to my profit target, but I like what Tom Sosnoff would call the “pot odds” on this. A reversal and bounce here would probably run into some serious resistance in the mid 1600s but I’d probably be out of the trade by then. Recent low 1476; delta of the short strike is 21.
If you were lamenting not buying FB
2 years ago, this may be your chance. Stock getting close to where it traded at the beginning of 2017.
I’ll keep selling small put positions at lower prices and will look for a bull put spread opportunity on evidence of a reversal.
UVXY trades
#VXXGame Sold to Open $UVXY June 90/140 call spreads for 5.70.
Also, earlier, I bought 2 Dec 7th 110 calls for .26, which relieved over $5K in buying power.
CAKE DENN
A big down day except for The Cheesecake Factory and Denny’s-go figure
So much for the Santa Claus/holiday rally?!
Ouch on the /NQ.
Rolled EXPE 12 DTE 125 put out to 29 DTE for 0.65 credit. Cb now 12.33 on the 125/125/126 #fuzzy. I may actually roll it down later and take out some built up credit.
UNG
OLED
#ShortCalls – Re-loading….
Bought to Close OLED NOV 23 2018 108.0 Calls @ .05 (sold for 1.00)
Sold OLED NOV 30 2018 95.0 Calls @ 1.15
SQ calls closed
#LongLEAPs #SyntheticCoveredCalls
BTC $SQ Nov 23rd 74 calls for .12. Sold Thursday for 1.16.
Since I’m long LEAPs I kind of wish these calls didn’t devalue so quickly.
Sold KOLD
#ContangoETFs Sold $KOLD Dec 21st 12 put for 2.30.
TSLA condor
#IronCondor Sold to open $TSLA Nov 23rd 340/350/380/390 condors for 2.94. Expire Friday. This is a bullish placement… I actually meant to make it dead center but screwed up the put strikes. It does seem headed higher in honey-badger fashion.
#shortputs PCG Following Iceman’s concept,…
#shortputs PCG
Following Iceman’s concept, sold Dec. 7, 17 put for 1.10.
Expiration
Only one today.
LABU 75 calls against my 115 calls that expire in 2021. I will sell more on Monday.
Options Expiration 11/16/18
#OptionsExpiration A couple of losers this week:
$NVDA 185/180 put spreads, sold for 1.10 yesterday. Decided not to take stock due to heavy margin cost. I’ll get it back by making bullish plays, but wait for a better sign of QQQ and NVDA recovering.
$SPX long 284 calls. Bought for 1.71 average, back in the early days of this correction, where I was believing it would be a quicker “V” shaped October.
#shortputspread #rolling WYNN woes Beside…
#shortputspread #rolling WYNN woes
Besides being assigned shares at an outrageous basis, I have a Dec. 21 110/120 put spread that was meant to help me out, has been rolled up and out. Ex-div day is next week, don’t want any more underwater shares, so just in case I rolled to January and paid a debit of .50 for the privilege. Expanding the spread by 5 points would bring in about 2.50.
A short 110 call expires in a few minutes. I recommend they reprogram the slots and lower the payback rate.
KOLD put
#ContangoETFs Sold $KOLD Dec 13 put for 2.30. A safer bet since KOLD is closer to zero than the BOIL calls are to infinity.
SPX 1-dte
#SPXcampaign STO $SPX Nov 19th 2665/2685-2780/2800 condors for 1.15. Volatility the lowest of the week, so this is a much narrower condor than the previous one. I’m expecting it to be a low volume week, but those can sometimes result in fairly quick rallies.
#shortputs KOLD Sold Dec. 21,…
#shortputs KOLD
Sold Dec. 21, 11 put for 1.55.
#ironcondor BA TastyTrade idea, sold…
#ironcondor BA
TastyTrade idea, sold Dec. 21 300/305/370/375 for 1.36
SOXL
#ShortPuts #IRA – Replacing the 100 put closed earlier…
Sold SOXL JAN 18 2019 85.0 Put @ 6.80
BOIL call
#ContangoETFs Sold to Open $BOIL March 105 call for 6.80. Building back recent losses slowly.
SOXL
#CoveredCalls #ShortPuts – Out of the 100 put and now need a pullback for the 100 calls.
Bought to Close SOXL NOV 16 2018 100.0 Put @ .25 (sold for 3.50)
Short day BuPS and BeCS
STO SPX 19 Nov 2018 2635/2610 BuPS at 0.30
STO SPX 19 Nov 2018 2780/2795 BeCS at 0.50
#shortstrangles #fuzzy SLB Sold a…
#shortstrangles #fuzzy SLB
Sold a Nov. 30, 45/50 strangle for .72. I have a Jan. 21 #fuzzy, initiated last February, 21 call sales, the premium from put spread and long call are long gone, but I’ll make a little from selling short calls. I’ll take the stock if it drops to 45, ex-div in early Dec (thanks Iceman).
Econ Calendar for week of 11/19/18
Be sure to periodically click “Home/REFRESH” to keep Bistro features updated.
Link to calendar: https://us.econoday.com/byweek.asp?day=19&month=11&year=2018&cust=us&lid=0
TNA….threading the needle
#CoveredCalls #ShortPuts – Replacing some covered calls and still watching 60 strike short puts…
Bought to Close TNA NOV 16 2018 65.0 Calls @ .05 (sold for 2.00)
Sold TNA NOV 30 2018 65.0 Calls @ 1.55 (staying just prior to the G20 summit)
EWW
#LongCalls #LEAPS – Nice to see some of these over sales coming in…
Bought to Close EWW NOV 23 2018 45.0 Calls @ .04 (sold for .31)
Can not reply to posts
Jeff, I still can not reply to any post unless someone reply to it because I can not see the reply underneath it. Anyone has this problem?
#earnings #shortstrangles AMAT Yesterday sold…
#earnings #shortstrangles AMAT
Yesterday sold Dec. 21 , 29/39 strangle for 1.01, bought today for .61
#shortstock CAKE sold 100 shares…
#shortstock CAKE
sold 100 shares short of CAKE for 47.95
SPX 1-dte put closed
#SPXcampaign BTC $SPX Nov 16th 2630/2650 put spreads for .10. Condor sold for 1.15 yesterday. I’ll let the 2790/2810 call side expire. Selling one for Monday later today.
TQQQ
BTC January 2019, 40 puts @2.40, sold at 2.60. I want to free up some margin.
SVXY
STO November 30, 51 covered calls @.48 cents. Still chipping away at this position.
EXPE #fuzzy 125/125 7 DTE…
EXPE #fuzzy 125/125 7 DTE put rolled out to 28 DTE for 1.00 credit. Cost basis now 12.88.
Since this is a put spread if it keeps dropping I will roll it down to 120 or 115 soon and take out some credit.
As I said earlier in the weeks, spreads are easiest to manage at the moment, even easier than stock because you can adjust up and down.
Bonus day off and the weather is better, going to clear a trail then mt bike it.
Have a great weekend, I am done for the week.
NVDA
#ShortPuts #IRA – I’ve been waiting a long time to get a shot at this for some longer term covered calls. Going aggressive to hopefully get some stock. Staying small…just one contract here to go with the Dec 140 put sold quite awhile ago. Always great premium in this ticker for the call sales.
Sold NVDA DEC 21 2018 165.0 Put @ 12.25
Posted from row 27…LOL
NVDA puts
Sold $NVDA Dec 21 120 puts @ 1.25
EWW
#LongCalls #LEAPS – Late fill yesterday….
Bought to Close EWW NOV 16 2018 45.0 Calls @ .01 (sold for .41)
Anyone see Kiyosaki is getting into the options education business?
https://pro.agorafinancial.com/p/kwc_weeklycashflowsummit_1118/EKWCUB59/?a=13&o=98986&s=117946&u=8869615&l=1731639&r=MC2&vid=Zok-z8&g=0&h=true
Options Bistro 