Added batch 2 in a different account that had some cash left.
#fuzzy 70 2021/70 8 DTE for 11.33. 113 weeks to hopefully sell against.
Market still whippy. Picked up kids and /NQ down 50+ from the highs.
Recent Updates Page 280
NVDA earnings trade
#Earnings Sold to Open $NVDA Nov 16th 185/180 put spreads for 1.11. Short strike is -7.7% OTM, and NVDA biggest downside move was -5.3% (in last 12 quarters)
#shortcallspreads AMZN Well I managed…
#shortcallspreads
AMZN
Well I managed to short at the bottom again.
BTC Nov 16 1685 call for $41, sold this morning at $8.20, waited to close long side STC 1640 for $6.75, bought 0.70.
This was a small portion of my position as I see price dropping precipitously. At least I learned not to sell all when pain is intense. Next, learn to pass when price moved dramatically, unless brave enough to go against trend and keep it small initially.
SPX 1-dte action
#SPXcampaign Everything just started happening on this spike down. Multiple orders filled:
BTC $SPX Nov 15th (monthlys) 2765/2785 call spreads for .30. Puts closed earlier for .05. Condor sold yesterday for 1.05. Removed overnight gap risk.
Sold to Open $SPX Nov 16th 2630/2650/2790/2810 condors for 1.15. The volatility bump got me filled. Mid-price said only .80 a few minutes ago.
Also: Bought to Open $VIX Jan15th 16 puts for .75. My Nov puts didn’t work, my Dec puts might, and now I have Jan!
#VXXgame
#coveredputs CLR Yesterday I sold…
#coveredputs CLR
Yesterday I sold 100 shares short of CLR for 45.94. Chart one up for #impeccabletiming, it is up 1.50 today. Sold a Nov. 23, 46 put for .60. Seems to be a lot of premium in the options, IV is pretty high, we’re past earnings and no dividends.
#earnings NVDA AMAT NVDA sold…
#earnings NVDA AMAT
NVDA sold Dec. 21, 125/135/255/265 #ironcondor for 1.02
AMAT sold Dec. 21, 29/39 #shortstrangles for 1.01
Thanks for the data Jeff
SOXL
#ShortPuts #IRA -This thing can go anywhere so taking risk off a day early….
Bought to Close SOXL NOV 16 2018 90.0 Put @ .20 (sold for 5.10)
/NQ chop fest.
Tried to take a few more directional trades, entered at nice signals on my tools, absolute reversals on every signal even going to a 5 minute chart and signals. Swinging from -40 to + 52 in a matter of minutes. After loosing $900 for the day am done with the directional trades, at least on /NQ.
/ES not a whippy but still staying away from picking a direction until it is obvious on a daily chart again.
Boiling over, then under
On pace to be the first time natural gas has risen 15%+ on one day and declined 15%+ the day after. $UNG
— Bespoke (@bespokeinvest) November 15, 2018
Covered Calls
#SyntheticCoveredCalls Selling calls against #LongLEAPs
Sold $TQQQ Nov 23rd 50 calls for 1.15
Sold $SQ Nov 23rd 74 calls for 1.16
AMZN BeCS day trading
STO AMZN 16 NOV 2018 BeCS 1640/1645 at 0.30
SPX BeCS day trading
STO SPX 16 NOV 2018 (Weekly) BeCS 2760/2765 at 0.30
BOIL UNG /NG
Crazy!
SPX moves
#SPXcampaign BTC $SPX 1-dte Nov 15th (monthlys) 2580/2560 put spread for .05. Order in to close 2765/2785 call spread for the same. Condor sold yesterday for 1.05. Cannot allow to expire because these monthlys settle tomorrow morning, and a gap could kill you.
I will be selling another one for tomorrow afternoon expiration.
Also, stopped $SPX Nov 23rd 2650/2630 put spreads for 5.25. Condor sold as a roll last week for 2.80. Will look into a new roll. I stopped this out after this morning’s dip… it looks now like that may have been a bottom, at least for short term. At least, I waited to close after the bounce was well underway.
AMAT earnings analysis
#Earnings $AMAT reports tonight. Below are details on earnings 1-day moves over the last 12 quarters.
Aug. 16, 2018 AC -7.71%
May 17, 2018 AC -8.24% Biggest DOWN
Feb. 14, 2018 AC 3.89%
Nov. 16, 2017 AC -2.33%
Aug. 17, 2017 AC 2.73%
May 18, 2017 AC 0.38%
Feb. 15, 2017 AC -0.87%
Nov. 17, 2016 AC 0.03%
Aug. 18, 2016 AC 7.08%
May 19, 2016 AC 13.81% Biggest UP
Feb. 18, 2016 AC 7.04%
Nov. 12, 2015 AC 4.29%
Avg (+ or -) 4.87%
Bias 1.68%, positive bias on earnings.
With stock at 34.20 the data suggests these ranges.
Based on current IV (expected move per TOS): 31.62 to 36.78
Based on AVERAGE move over last 12 quarters: 32.55 to 35.89
Based on MAXIMUM move over last 12 Q’s (13.8%): 29.49 to 38.95
Open for requests on other symbols.
All I want for Christmas…
All I want for Christmas is a Santa Claus rally 🙂
Adjustments, just doing my best to bring in income to offset the continued chaos.
#supercharger
TQQQ 40/45 BTO for 4.50 sold for 3.75. Trying to keep this account from being wiped out so taking a small loss before it became worse. Going long term with what’s left on a GILD #fuzzy.
#fuzzy
GILD 2021 67.5/69 next week for 11.92. Have 113 weeks to manage.
EXPE 125/125/126 rolled the 1 DTE 126 out to 15 DTE for 1.00. CB now 13.88 and as above 113 weeks left.
XBI 2020 80/85 15 DTE rolled down to 80 at 43 DTE for 1.91 credit CB now 14.63. 61 weeks left to manage.
#pietrades
LNG 63 cc tomorrow rolled out 43 DTE and down to 61 for 1.97 credit. Cb now 59.27.
Bizarrely MU is up, go figure?!
As @kathycon said below, market is defying all patterns and seasonality this year, not quite and exact quote but close. Does the VIX need to spike to 50 before the selling is done? Who knows, trade smart, preserve capital, there will be big opportunities soon enough.
If the whippy settles down later my try some directional trades before the day is over.
Good luck, stay safe!
LABU RTN SMH TQQQ WTW
#LongCalls #LEAPS – A few adjustments to bring in a little more (hopefully safely)….
LABU:
Rolled LABU DEC 7 2018 65.0 Calls to DEC 7 2018 55.0 Calls @ .61 credit
RTN: Replacing this week’s expiration.
Sold RTN NOV 30 2018 187.5/197.5 Bear Call Spreads @ 1.08
SMH:
Bought to Close SMH NOV 16 2018 98.5 Calls @ .05 (sold for .49)
Sold SMH NOV 23 2018 97.0 Calls @ .60
TQQQ:
Rolled TQQQ NOV 30 2018 57.5 Calls to TQQQ NOV 30 2018 52.5 Calls @ .73 credit
WTW: Double selling with stops on previous sales.
Sold WTW NOV 30 2018 52.0 Calls @ .70
#shortcallspreads AMZN Very busy first…
#shortcallspreads
AMZN
Very busy first hour BTC 1650 calls for 3.60, sold for 7.82. Roll down to 1590 for 17 cr.
Next sold back 1700 calls for 0.75, bot 1.91 yesterday. Roll down to 1640 at 3.95.
Finally sold BeCS Nov 16 1585/1640 for 7.60, a bit early but looking good now.
The day (8AM) opened at 1608 and when I made most of my trades (9:45) the price was 1580’s. Presently 1558.
#earnings #closing #shortstrangles CSCO Yesterday…
#earnings #closing #shortstrangles #shortstraddle CSCO TEVA
CSCO Yesterday sold Dec. 41/49 strangle for 1.15, bought today for .74
TEVA October 31, sold a Nov. 20 straddle, had rolled the call to Dec. closed today for a grand total profit of $8.95 on the last couple day’s descent.
#coveredcalls NKTR Sold Dec. 21,…
#coveredcalls NKTR
Sold Dec. 21, 45 call for .50, stock at 36.50.
#assignment NKTR I’m starting t…
#assignment NKTR
I’m starting to get a little tired of this, assigned 100 shares of NKTR from a Dec. 60 put, cost basis of 52.61.
NVDA earnings analysis
#Earnings $NVDA reports tonight. Below are details on earnings 1-day moves over the last 12 quarters.
Aug. 16, 2018 AC -4.90%
May 10, 2018 AC -2.15%
Feb. 8, 2018 AC 6.69%
Nov. 9, 2017 AC 5.26%
Aug. 10, 2017 AC -5.32% Biggest DOWN
May 9, 2017 AC 17.82%
Feb. 9, 2017 AC -2.37%
Nov. 10, 2016 AC 29.80% Biggest UP
Aug. 11, 2016 AC 5.59%
May 12, 2016 AC 15.20%
Feb. 17, 2016 AC 8.60%
Nov. 5, 2015 AC 13.85%
Avg (+ or -) 9.80%
Bias 7.34%, strong positive bias on earnings.
With stock at 200.00 the data suggests these ranges.
Based on current IV (expected move per TOS): 179.14 to 220.86
Based on AVERAGE move over last 12 quarters: 180.41 to 216.59
Based on MAXIMUM move over last 12 Q’s (29.8%): 140.40 to 259.60
NOTE: the max move down (-5.3%) is dwarfed by the max move up (+29.8%).
Open for requests on other symbols.
Whiz….just missed him
LMAO….Whiz was leaving Vegas today after the trader’s expo and flew out on the airplane I brought in. Wish I woulda known ahead of time. Could have given him a link to the Bistro! 🙂 🙂
BTW…he was in coach. What the heck is that all about??
23 BUCKLEY EDWAR AC2 V MIA 29B
24 BUCKLEY SUSAN AC2 V MIA 29A
#shortcallspreads AMZN Still trying to…
#shortcallspreads
AMZN
Still trying to get this right. I sold a Nov 16 1650/1700 call spread for $5.90cr, added a 1650/1675 call spread for $4.50cr. AMZN was rallying to 1608. Even with daily spikes up $40 I should be safe with price at 1600 at close. Each day the price settles lower by end of day. It can be quite a ride in between though.
#shortcallspreads AMZN Nov 14 expiration,…
AMZN Nov 14 expiration, decided to close out today short leg first trying to maximize gain on small rally. I ended up giving up $2 by timing poorly.
BTC Nov 16 1640/1670 for 10.90, sold for 13 Monday, and STC Nov 16 1630/1660 for $13.60 sold for 12.10 – should have waited till end of day. I sold shortly after noon expecting a rally like last 2 days. Still trying to get this timing right.
#shortcallspreads SPX sell 2720/2735 spread…
SPX sell 2720/2735 spread expiring today (30 min) for 0.75cr, expired worthless.
Also 2715/2725 spread for $1.70 also expired worthless. last 30 min.
EWW
#LongCalls #LEAPS – Triple selling these. Stops on previous two sales…
Sold EWW NOV 30 2018 43.5 Calls @ .38
BOIL
#BearCallSpreads – Selling these in the money. Worked great on the big spike a few years ago so trying again. Starting with just one…
Sold BOIL MAR 15 2019 50.0/60.0 Bear Call Spread @ 4.27
#shortstock XME Sold short 100…
#shortstock XME
Sold short 100 shares of XME for 30.50.
TRADES:
PBYI STO 11/30/18 23.0 CALLS @1.10
PBYI STO 11/16/18 22.0 CALLS @.56
SFIX STO 11/16/18 27.5 CALLS @.25 I have only these two stocks and their short puts and calls at this time. They are working well for me. Can’t be nervous tho’. All the above calls are covered.
And the winner is:
#fuzzies during the market volatility. Makes sense, the spread offsets both sides and the income from selling options helps cushion the drop.
Trying to get back into #pietrades but market not really cooperating at the moment.
I am not the directional…
I am not the directional guy but while eating lunch /NQ just pushed to new 20 day lows on a 5 minute chart and bounced fairly quickly. Not saying this is a bottom but on market profile there is a lot less volume here so any reversal is likely to snap back to 6865 fairly quickly.
What is @fibwizard showing?
Next big levels above that are 6977 and 7104. Big volume at the 6977 level.
SPX 1-dte sold
#SPXcampaign Sold to open $SPX Nov 15th (monthlys) 2560/2580-2765/2785 condors for 1.05. Stop trading at tomorrow’s close, but settling Friday morning. So I will be closing the full position tomorrow.
#shortstock CLR Sold short 100…
#shortstock CLR
Sold short 100 shares of CLR for 45.94.
AZO bucking the trend
One of the few pre-ER stocks that’s staying strong thru this downturn.
#preearnings
BOIL & DUST closed
#ContangoETFs I’m shedding one a day. I can’t roll these, as the current mania could keep going higher. They will have to be made up with multiple smaller premium trades after things settle down.
BTC $BOIL Jan 18th 45 call for 23.60. Sold for 2.40 (avg price) in Sept/Oct. Closed this morning before the move from 60 to 70. I have 4 ITM contracts remaining.
BTC $DUST Jan 18th 50 call for 1.10. Sold for 4.00 on Aug 16th.
Taking some profits
Lightening up to free up buying power
Bought to close:
$WHR Dec 21 90 puts @ .40. Sold for 1.40 on 10/9.
$KMB Jan 18 95 puts @ .45. Sold for 1.35 on 10/22.
$MLM Jan 18 150 put @ .90. Sold for 2.20 on 10/10.
$F Dec 21 9 puts @ .15. Sold for .42 on 9/7.
$SJM Jan 18 95 puts @ .97. Sold for 2.30 on 10/2.
$DUST Mar 15 49 call @ 2.50. Sold for 5.10 on 8/15.
$TNA Nov 16 57 puts @ .45. Sold for .50 on .50 on 11/12–getting out for near breakeven; may sell at a lower strike later.
BOIL stats
#ContangoETFs I searched back for spikes on BOIL that were over 50%. Below is a chart with:
Date of the High
Percentage up from the recent low
Weeks it took to go UP low to high
Weeks it took to go back DOWN to the low (or at least in the neighborhood)
As you can see, from a percentage basis, this current spike is the highest. We also got here more quickly than other spikes above 100%. I don’t know whether we can say that this means we should be topping. But the freak out of current traders, being long oil and short NatGas, is largely responsible for what we’re seeing now.
We know it will drop again, but cannot say how long that will take or how high it will go first.
#earnings #shortstrangles CSCO Sold Dec….
#earnings #shortstrangles CSCO
Sold Dec. 21 41/49 strangle for 1.15, just outside the max moves, thanks Jeff.
CSCO earnings analysis
#Earnings $CSCO reports tonight. Below are details on earnings 1-day moves over the last 12 quarters.
Aug. 15, 2018 AC 2.96%
May 16, 2018 AC -3.76%
Feb. 14, 2018 AC 4.72%
Nov. 15, 2017 AC 5.18%
Aug. 16, 2017 AC -4.01%
May 17, 2017 AC -7.21% Biggest DOWN
Feb. 15, 2017 AC 2.37%
Nov. 16, 2016 AC -4.81%
Aug. 17, 2016 AC -0.78%
May 18, 2016 AC 3.18%
Feb. 10, 2016 AC 9.64% Biggest UP
Nov. 12, 2015 AC -5.82%
Avg (+ or -) 4.54%
Bias 0.14%, no significant bias on earnings.
With stock at 45.00 the data suggests these ranges.
Based on current IV (expected move per TOS): 42.29 to 47.71
Based on AVERAGE move over last 12 quarters: 42.96 to 47.04
Based on MAXIMUM move over last 12 Q’s (9.6%): 40.66 to 49.34
Open for requests on other symbols.
SPX 1-dte closed
#SPXcampaign BTC $SPX Nov 14th 2645/2625 put spread for .15. Condor sold yesterday for 1.15. Leaving calls to expire.
WMT earnings analysis
#Earnings $WMT reports tomorrow morning. Below are details on earnings 1-day moves over the last 12 quarters.
Aug. 16, 2018 BO 9.33%
May 17, 2018 BO -1.90%
Feb. 20, 2018 BO -10.17% Biggest DOWN
Nov. 16, 2017 BO 10.89% Biggest UP
Aug. 17, 2017 BO -1.58%
May 18, 2017 BO 3.22%
Feb. 21, 2017 BO 2.99%
Nov. 17, 2016 BO -3.08%
Aug. 18, 2016 BO 1.87%
May 19, 2016 BO 9.58%
Feb. 18, 2016 BO -3.01%
Nov. 17, 2015 BO 3.54%
Avg (+ or -) 5.10%
Bias 1.81%, positive bias on earnings.
With stock at 102.00 the data suggests these ranges.
Based on current IV (expected move per TOS): 96.98 to 107.02
Based on AVERAGE move over last 12 quarters: 96.80 to 107.20
Based on MAXIMUM move over last 12 Q’s (10.9%): 90.89 to 113.11
Open for requests on other symbols.
NTES earnings analysis
#Earnings $NTES reports tonight. Below are details on earnings 1-day moves over the last 12 quarters.
Aug. 8, 2018 AC -10.96%
May 16, 2018 AC -7.45%
Feb. 7, 2018 AC -6.27%
Nov. 15, 2017 AC 7.85%
Aug. 9, 2017 AC -9.77%
May 10, 2017 AC -0.82%
Feb. 15, 2017 AC 14.08% Biggest UP
Nov. 9, 2016 AC -9.22%
Aug. 17, 2016 AC -2.67%
May 11, 2016 AC 0.43%
Feb. 24, 2016 AC -14.80% Biggest DOWN
Nov. 11, 2015 AC 2.17%
Avg (+ or -) 7.21%
Bias -3.12%, negative bias on earnings.
With stock at 219.00 the data suggests these ranges.
Based on current IV (expected move per TOS): 202.42 to 235.58
Based on AVERAGE move over last 12 quarters: 203.22 to 234.78
Based on MAXIMUM move over last 12 Q’s (14.8%): 186.59 to 251.41
Open for requests on other symbols.
#shortputs SLB Sold Nov. 16,…
#shortputs SLB
Sold Nov. 16, 47 put for .32, thanks Iceman
#shortcallspreads AMZN Trying my luck…
#shortcallspreads
AMZN
Trying my luck with these again, yesterday sold 1640/1670 Nov 16 spread for $13, added 1630/1660 at $12. I think I sold at bottom. It rose $10, then settled at $2 profit on 1640/1670 trade and small loss on 1630/1660. Today began with a spike upward and now settling back down into profitable area for 1640/1670. It expires Friday with a rich premium if I can hold it that long. The price gyrations are quite upsetting since I was out of synch with price action. It is one to keep an eye on if you like action.
#earnings #closing #shortstraddle M Bought…
#earnings #closing #shortstraddle M
Bought straddle for 4.15, sold yesterday for 4.98.
SPX calls closed
#SPXcampaign On this morning’s strength, don’t want to get stuck in this one if we continue higher, so taking a smaller loss now rather than facing a bigger roll decision in a few days.
BTC $SPX Nov 30th 2790/2815 call spreads for 7.35. Sold for 6.25 yesterday.
Feb Dec put spread
Sold $FB Dec 21 130/120 BuPS @ 1.20. IV rank is still high at 55. Delta of short strike is 20.
TQQQ
I rolled my 61 calls in December 21 to the 49 calls in December 21 for a credit of 3.85, I will roll if I have to.
Jeff all texts here sent…
Jeff all texts here sent to me by email.
I am having all text here as emails, I did not put a check mark in Notify me of new comments via email. I appreciate if you would let me know how can I fix it. Also I can not replay to comments because there are no replay under the comments. However, I can replay to comments if there are 1 or 2 replied to the comments because I can see the reply sign underneath it, but not under a message with no replay.
For example, I can not replay to your comment today:
SPX 1-dte
#SPXcampaign Sold to Open $SPX Nov 14th 2625/2645/2775/2795 condors for 1.15. Expires tomorrow. Stop is 10 points before short strikes. because there is a replay underneath it.
I only can replay to the following comment because thomberg1201 replied to Ramie comment, please see underneath:
Ramie 2 hours ago
AAPL Falling Knife
This seems safe but who knows…
Sold $AAPL Jun 21 2019 130 puts @ 1.30
Hide Comments
thomberg1201 an hour ago
I sure hope that is safe
Reply Like
#shortputs SQ Sold Dec. 21,…
#shortputs SQ
Sold Dec. 21, 65 put for 2.50.
TQQQ
STO December 21, 49 calls @ 4.60, I will start to roll these when we get to 3 weeks before expiration. I need .15 cents per week to pay for this last purchase so I have just covered 30 weeks of my trade.
STO $SPX Nov 14, 2018…
SPX expiring tomorrow Nov 14, 2018
STO $SPX Nov 14, 2018 2785/2790 BeCS @0.25
SPX 1-dte
#SPXcampaign Sold to Open $SPX Nov 14th 2625/2645/2775/2795 condors for 1.15. Expires tomorrow. Stop is 10 points before short strikes.
AAPL Falling Knife
This seems safe but who knows…
Sold $AAPL Jun 21 2019 130 puts @ 1.30
TNA
#ShortPuts #IRA – Replacing the ones closed earlier…
Sold TNA NOV 30 2018 60.0 Puts @ 2.25
TGT 3rd batch
#Earnings BTO $TGT Nov 23rd 89 calls for 1.05. Avg price on full position: 1.31.
This market is NOT allowing these trades to work. This is supposed to be closed before earnings, so next Monday (earnings Tues morn). We’ll have to see market strength into the weekend for this to have a shot.
#earnings #shortstraddle M Sold Dec….
#earnings #shortstraddle M
Sold Dec. 21, 36 straddle for 4.98, M is at 36.08, a little risky but a low priced stock.
$BA bouncing
Back above the 200 dma. Sold $BA Dec 21 320/310 BuPS @ 1.33
TNA TQQQ SOXL
#CoveredCalls – From what I can tell so far I think all of these will make very good long term covered call candidates. Would love to own ’em all at a low basis for nice income generation. Compared to regular dividend stocks I think these can blow those returns away. More volatile but that’s great for the selling…
TRADES:
SFIX STO 11/16/18 26.5 CALLS .55
SFIX STO 11/16/18 27.0 CALLS @.40 Completes my ladder.
M reports in the morning
#Earnings I missed this on my side chart: $M (Macy’s) reports Wednesday morning.
TNA
#ShortPuts #IRA – Closing these a little early hoping to re-load on any weakness…
Bought to Close TNA NOV 16 2018 55.0 Puts @ .25 (sold for 2.40 and 2.95)
XBI
#LongCalls #LEAPS – These only need 50 bucks a week so staying careful with spreads…
Sold XBI DEC 7 2018 84.0/89.0 Bear Call Spreads @ .61
SMH
#LongCalls #LEAPS – Got out of half of this week’s so I can get the next sale going on the bounce. Still sitting on my nickel for the rest…
Bought to Close SMH NOV 16 2018 100.0 Calls @ .04 (sold for .58)
Sold SMH NOV 23 2018 97.0 Calls @ .45
#earnings #rolling TEVA October 31,…
SPX bearish
#SPXcampaign Sold to Open $SPX Nov 30th 2790/2815 call spreads for 6.25.
#shortputspread AAPL Tradewise recommendation, Dec….
#shortputspread AAPL
Tradewise recommendation, Dec. 14, 185/187.50 for .77
OXY
STO May 17, 85 covered calls @1.10
I bought the stock when I thought oil was going up. Nice dividend of 4.13% plus the covered calls.
BOIL strikes
#ContangoETFs Surge continues. New strikes added up to 66.
CAH
#ShortPuts #IRA – Nice rally right up to resistance so booking it…
Bought to Close CAH JAN 18 2019 45.0 Puts @ .25 (sold for 1.95)
UNG
TQQQ
#CoveredCalls – Selling another batch staying prior to the G20 summit. Whiz says if any good news comes out of there the rally is on…
Sold TQQQ NOV 30 2018 55.0 Calls @ 1.19
TQQQ
#CoveredCalls – Partial fill…
Bought to Close TQQQ NOV 16 2018 58.0 Calls @ .05 (sold for 1.62)
SPX condor closed
#SPXcampaign BTC $SPX Nov 30th 2675/2700/2875/2900 condor for 7.95. I legged into this condor for 11.25 total. Had to close it today… all the profit came from the call side.
Options Bistro 