XBI…BTC 9/28 97 Call @0.02…STO 9/18 @0.62.
XBI…STO 10/5 97.5 Call @0.39.
EWZ…Rolled 9/28 34 Call out to 10/12 35.5 Call @0.39 Credit.
Recent Updates Page 293
LABU XBI
#LongCalls #LEAPS – Replacing some nice expirations this week….
LABU:
Sold LABU OCT 12 2018 99.0 Call @ 1.90
Sold LABU OCT 19 2018 100.0 Call @ 2.45
XBI:
Sold XBI OCT 12 2018 97.0 Calls @ 1.07
C and JPM pre-earnings
Bot C Oct12 74.5c @ .58 x4. Second layer on pullback.
Bot JPM Oct12 117c @ .59 x4. Second layer on pullback.
DIA
Bot DIA lophir based on top performing index ETF for last 3 months.:-)
Nov2 1/-2/-1/2 262.5/260/257/253 PUT/PUT/PUT/PUT @ -.77 x4. GTC order to close @ .23
AMZN
STO November 16, 1700/1720 bull put spread @ 1.90
#shortputspread TSLA buy back Sept…
#shortputspread
TSLA buy back Sept 29 260 put for 0.60, sold hour earlier for 1.72, looking for price drop to reload.
#assignment WDC Early July I…
#assignment WDC
Early July I sold a 75 put, rolled it on the way down to Oct., assigned last night, basis of 73.70 grrrr
#shortcallspreads TSLA Got lucky yesterday…
#shortcallspreads
TSLA
Got lucky yesterday and sold Sept 29 300/310 spread for $6.60, looks like a winner.
Today I sold BuPS 260/250 for $1.15, considering buying back for 0.40 now.
I loaded up a BeCS 280/290 for $1.00, now 1.20 but the risk seems too high – finally a little prudence in my trades.
AMZN
BTO Oct 5 1970/1972.5 Calls 1.81 #supercharger
TSLA call closed
BTC $TSLA Oct 5th 322.5 call for 1.01. Sold for 5.44 (avg price) earlier this week.
Still sitting on an Oct 5th 275/322.5 strangle.
NVDA
STC October 5, 247.5/257.5 bull call spread @9.55, bought at 8.25
Hat tip to Jeff for the idea.
NFLX
X
#lophir
Closed this for .19 today
BOT +1 +1/1/-2/2 NFLX 100 19 OCT 18 360/355/340/335 PUT @-.66
Order BTC .19 30% of credit. Think I got this correct.
MPC Short Put
#shortputs
$MPC STO 11/16 77.50/82.50 BUPS at 1.70
Looking too bullish? Just wait a day…
Tesla shares drop sharply after-hours on news that Tesla and CEO Elon Musk have been sued by the SEC. $TSLA https://t.co/liwoa8TXs1 pic.twitter.com/AITBqqRG3N
— CNBC (@CNBC) September 27, 2018
SPX condor sold
#SPXcampaign Sold to Open $SPX Oct 12th 2825/2850/2960/2985 iron condors for 4.25. This is my third round of 2-week-DTE condors, replacing one that is expiring tomorrow.
#shortputs #closing #fallingknife DOCU Sept….
#shortputs #closing #fallingknife DOCU
Sept. 21 sold Nov. 16, 47.50 put for 2.30, bought today for 1.75
AAPL..
Rolled my Sept 28 225 Call to 5 Oct 225 Call @1.65 Credit.
Selling against Jun 20 215 Call which needs 0.38 per week to cover.
#LEAPS
BOIL adding
Sold $BOIL Jan 18 45.00 calls @ 1.50. Adding to position at the highest strike.
AMAT DG ERX EWW GLD OLED TLT WTW
#LongCalls #LEAPS -Been an extremely busy week away from the market so catching up here. I’ve got a few more tomorrow that I’ll need to watch also.
AMAT:
Sold AMAT OCT 26 2018 41.0 Calls @ .43
DG:
Rolled LEAPS out to 2021 and continuing to sell against.
Sold DG OCT 12 2018 113.0 Calls @ .60
Sold DG OCT 19 2018 112.0 Calls @ .65
ERX:
Closed position since it’s near resistance. Made .73 per contract on a little quickie.
EWW:
Rolled EWW SEP 28 2018 48.0 Calls to OCT 19 2018 48.5 Calls @ .14 debit (ratio’d)
GLD:
Sold GLD OCT 19 2018 113.5 Calls @ .52
OLED:
Bought to Close OLED SEP 28 2018 140.0 Call @ .05 (sold for 1.32)
TLT:
Still running a #PerpetualRollingStrangles on this one….
Sold TLT OCT 26 2018 119.0 Calls @ .40
WTW:
Still messing with a #CoveredCalls position…
Bought to Close WTW SEP 21 2018 70.0 Calls @ .23 (sold for 2.45)
Sold WTW OCT 5 2018 68.0 Calls @ 3.23
SWK long calls for pre-earnings
SWK is new to my pre-ER list but it has amazing stats for the last four quarters. I’ve run at least 20 setups on this ticker and all are winners. So with their confirmed earnings date of 10/25 am, I’m going to start building a position. This layer is tiny.
Bot SWK Oct26 155c @ 1.90 x1
#preearnings
SPX
STO IC Sept 28 2945/2950 2885/2880 .40
#shortputs #fallingknife BBBY sold Jan.,…
#shortputs #fallingknife BBBY
sold Jan., 12.50 put for .63, BBBY down about 23% on earnings.
NKE BUCS
#longcalls
$NKE STC 9/28 77.50/87.50 BUCS at 7.20 BTO at 5.45
JPM long calls
#PreEarnings Bought to open $JPM Oct 12th 116 calls for 1.14.
Got this from MamaCash’s excel sheet… buying 40-delta call, 14 days out. The pullback in the stock over last few days provides decent entry for a run up into earnings, which are the morning of the 12th. I’ll plan to close the trade before the market close on the 11th. I’ll look to take profits if stock approaches its recent high of 119.24.
#optionsexpiration #pietrades EXPE adding second…
#pietrades
EXPE adding second rung to PIE ladder.
STO the 43 DTE 125 put at 2.90 and still short the 126 from last week at 2.95. Goal with these is to have 3 weeks rolling and as they approach 22 DTE roll them back to 43 DTE. Instead of a weekly #pietrades more like a conveyor belt running from 43 down to 22 DTE. Better premoiums by going out farther, less chance of going ITM, less adjusting, and less gamma risk. Experimenting with a few names based on the Tasty trade research of 45-22 DTE as the best decay rates for OTM options. Currently selling the delta 30 option if trending up on 4 hour chart and more like a delta 20 if pulling back.
TQQQ lot 1 65 CC rolled out 22 DTE for 1.15 credit. Cost basis now 62.05.
LNG lot 1 66 CC rolled out 15 DTE for 0.44 credit. Cb now 64.23
TQQQ lot 2 65.5 cc rolled out 22 DTE for 0.75 credit. Cb now 62.40
#fuzzy
LNG 50/66.5 LEAP rolled out 15 DTE for 0.68 credit. Cb now 18.57
LNG lot 2 cc may try to roll tomorrow or just let call out depending on what market does.
Have a good week, have 2 days off, going outside to bike 60 miles.
Whiz must need more subscribers to pay for a new boat, just received FXI BCS 44/43.5 Oct 12 for 0.27. Not taking it but know some of you follow him.
A TRADE:
TNDM BTO STOCK 44.80 To test the waters, just a teeny bit, an add. Holding basic position for now.
#shortputs DUST September 13, sold…
#shortputs DUST
September 13, sold a September 21, 42.50 put for 1.73, DUST dusted me and went down, September 18 rolled it to September 28, bought today for a gain of $41.
A TRADE:
ETSY BTO STOCK 52.64 A day trade.
SQ puts closed
#CoveredCallCampaign
Closed on GTC orders:
$SQ Oct 5th 82 puts for .10. Sold for 1.00 on Sept 14th
$MU Sep 28th 45 covered call for .08. Sold for .90 last Friday
GOOGL SuperCharger closed
#SuperCharger Sold to close $GOOGL Oct 5th 1140/1150 bull call spreads for 9.55.
Bought for 6.85 on the 17th, after rolling from the Sep 28th 1155/1165 spread.
GOOGL
BTC September 28, 1130/1150 bull put spread @ .15 cents. These are the ones I rolled last Friday at 3.60 credit. I am happy to be out of this one as anything can happen in the next 2 days.
AMZN
STC Sept 28 1897.5/1900 Calls #supercharger 2.45 BTO 9/21 1.90
Good Morning
Should be a low volume day because of hearing drama in DC
UVXY call
#VXXGame Filled right after the bell (since VIX ETF options stay open until 4:15p):
STO $UVXY March 75 call for 5.00. Highest strike.
#pietrade STO FAS Oct12’18 65…
STO FAS Oct12’18 65 PUT 0.47
Don’t Bring Me Down…
Dow turns negative after Powell press conference ends; bank stocks lead decline https://t.co/SiORT8kanq pic.twitter.com/7xtwddKI0Z
— CNBC Now (@CNBCnow) September 26, 2018
EWY strangle
Borrowing an idea from TastyTrade. Selling premium in South Korea.
Sold $EWY Oct 19 68.00/68.50 strangle @ 2.13.
I will treat this like a straddle and take it off at a lower profit target (something around 25%). Breakevens 65.87 and 70.63.
BOIL is back
#ContangoETFs Sold to Open $BOIL Jan 2019 45 call for 1.25. Highest strike.
NFLX
STC on GTC order 10/5 340/345 BuCS @4.70. BTO 9/18 @3.98 #supercharger
Covered Calls & TSLA
#CoveredCallCampaign
STO $FB Oct 19th 172.5 calls for 2.00
BTC $OLED Sep 28th 124 call for .15. Sold for 1.65 on Friday
#Earnings
BTC $TSLA Sep 28th 275/322.5 strangle for 1.10. Sold for 8.20 on Sep 17th.
STO $TSLA Oct 5th 322.5 call for 5.60, adding to my position. Will sell another put on a down move.
GOOGL Puts Closed Early
#shortputs
$GOOGL BTC 9/28 1140/1160 BUPS at .50 STO at 5.75 on 9/14 This was a roll of the 9/14 1160/1180 Net loss on transaction of 1.80 per contract. Might have kept rolling but half a bird in hand worth something. If I closed out original 9/14 trade per contract loss would have been 7.12. Thank you @jsd501 for your tutelage.
New issue…
SurveyMonkey soars more than 60% in market debut, after opening at $18.75 per share https://t.co/a3jfknk6Fg pic.twitter.com/Ll7wchkBkx
— CNBC Now (@CNBCnow) September 26, 2018
GOOGL Supercharger Hits Profit Stop
#supercharger
#GOOGL STC 1155/1165 BUCS at 9.40 BTO at 7.22 Thank you @jeffcp66
SQ adjustment
Sold $SQ Oct 19 90/85 bull put spread for 1.18 to offset my now in the money 90/95 bear call spread. I may have to stop trading this one. Can’t seem to get it right.
BA
BTO January 2000, 370 calls and STO October 19, 390 calls for a debit of 43.00, adding to my position.
SQ roll
#CoveredCallCampaign #StrangleRoll
BTC $SQ Oct 19th 97 calls for 4.40. Sold yesterday morning for 1.60.
STO $SQ Oct 19th 88/100 strangles for 5.00
#shortputs #fallingknife JBL Sold Jan….
#shortputs #fallingknife JBL
Sold Jan. 18, 27 put for 1.05, big drop yesterday after earnings.
MTN NVDA Calls / Roku KR Puts
#coveredcalls
$MTN STO 10/19 310 calls at .90 9/28 earnings
$NVDA STO 9/28 272.5 calls at 1.30 Sold against Long 10/19 265 calls
#shortputs
$ROKU STO 9/28 71.50 put at 1.05 Thank you @honkhonk81 for inspiration
Closed Early
$KR BTC 10/19 30 put at .40 STO 9/17 for 2.11
AMZN, XLY.
STC AMZN… 28 Sept 1897.5/1900 BuCS @2.36 with stock @1967.13. BTO 9/21 @1.83. Thanks, @mortlightman. #supercharger
STC XLY…28 Sept 1/-2/-1/2. 116/115/114/112.5 @-.03 . BTO 8/30 @-0.41. Thanks, @kathycon. #lophir
Square up +11% https://finance.yahoo.com/news/why-square-inc-stock-jumped-191700513.html $SQ
Square up +11%
https://finance.yahoo.com/news/why-square-inc-stock-jumped-191700513.html
$SQ
GOOGL
STC #supercharger Sept 28 1147.5/1150 Calls 2.40 cost 1.90
GUSH call sold
#ContangoETFs STO $GUSH March 55 call for 4.20. Looks like I was filled at today’s top.
#spxcampaign Paired my Oct 08th…
#spxcampaign Paired my Oct 08th BECS with Oct 08th 2840 / 2820 BuPS for 1.20 when SPX was at 2916.34. Profit stop is .30 with a Stop Loss of 4.60. I am still trying to find the best stop loss value on these. Sheridan teaches essentially 3X the profit target. I am considering a modification using Jeff’s method of a tag of the short call while maintaining the stop loss on the Put side. Why? The Oct 03rd and Sept 28th Call spreads were stopped out on the gap up for a loss but didn’t tag the short call. Critiques are welcomed.
CLF covered calls
Sold $CLF Nov 16 14 calls @ .54. Another long term hold I wouldn’t mind being taken out of.
RIG covered calls
Sold $RIG Jan 18 2019 16.00 calls @ .62. Been long for a couple of years. Wouldn’t mind getting taken out at 16.
GOOGL pre-earnings lophir
CML recommended a different way of playing GOOGL pre-earnings.
http://www.cmlviz.com/research.php?number=12335&cml_article_id=20180924_the-trading-pattern-in-alphabet-right-before-earnings
Bot Oct26 1/-2/-1/2 1162.5/1145/1115/1100 PUT/PUT/PUT/PUT x1 @-6.51. BE 1121. Max risk $3594. Will let it run to expiration or take 70% quick profit @ 1.95 if it plays out quickly.
TSLA and RH
#Earnings Building back after earnings trades gone bad
BTC $TSLA Sep 28th 275/322.5 strangle for 2.40. Sold for 8.20 on Sept 17th. (still holding another lot)
Sold $TSLA Oct 5th 275/322.5 strangle for 11.15 (legged in)
Sold $RH Oct 5th 130 put for 2.80.
Covered Calls and such
#coveredcallcampaign
BTC $FB Oct 5th 175 calls for .15. Sold for 1.50 on Sept 11
BTC $AAPL Oct 5th 230 calls for .35. Sold for 3.60 on Sept 13th
STO $AAPL Oct 19th 227.5 call for 2.10
STO $AAPL Oct 12th 215 put for 2.05
BTC $SQ Sep 28th 80 put for .13. Sold for 1.30.
STO $SQ Oct 19th 97 calls for 1.60
Sold to close $BABA stock for 163.15. Raising some cash by selling half of my stock. This one can’t get off its ass. Was assigned via 200 puts on Feb 2nd. With covered call and put sales, cost basis 183.00. Holding the rest for an eventual return to 200.
BTC $BABA Oct 5th 175 call for .45. Sold for 1.60 on Friday.
#ironcondor TSLA Sold Oct. 19…
#ironcondor TSLA
Sold Oct. 19 255/260/340/345 for 1.57, TSLA is at 300.
#ironcondor #closing AMZN September 18,…
#ironcondor #closing AMZN
September 18, sold October 19, 1795/1800/2050/2055 for 2.04, bought today for 1.66.
LMT
STC October 5, 320/330 bull call spread @ 9.25, bought at 8.20
Direxion Distribution Schedule.
www.direxioninvestments.com/press-release/distributions?
Expiration / TNDM Puts / NFLX Calls Rolled / MZOR Puts Closed
#spxcampaign
$SPX 2760/2780/2960/2640 Iron Condor Thank you @jdietz1954 and @jeffcp66
#shortputs
$TNDM STO 9/28 41 put at 1.10 Thank you @honkhonk81
Closed Early
$MZOR BTC 11/16 70 puts at 12.80 STO at 17.20 Since company has been acquired at 58.50 not sure how I closed these.
#shortcalls
$NFLX BTC 10/5 375 calls and STO 10/19 400 calls at added 2.10 credit (covered)
TRADES:
BTO TNDM STOCK @44.03 BTO Originally as a day trade, but may keep the stock to cover my short calls if the stock keeps moving up.
STO TNDM 9/28/18 41.0 PUTS @1.15
STO TNDM 9/28/18 45.5 CALLS @1.50
STO TNDM 9/28/18 47.0 CALLS @1.25
#putratiospread #fallingknife JD Tastytrade idea…
#putratiospread #fallingknife JD
Tastytrade idea sold Oct. 19 back ratio, sold 2, 24 puts, bought 1, 25 put for .40 credit.
Getting back in BOIL
Haven’t traded this in nearly 2 years but it looks like it’s time to dip a toe in again. Starting small.
Sold $BOIL Jan 18 2019 45 calls @ 1.00 with the stock at 30.94. Highest strike in Jan. Will look to add if there’s a continued move up in nat gas.
Pre-Earnings days are here again…
Update: This list is based on my research and backtesting. Although I use CML tools, this list did not come from CML nor has it been vetted by them. Buy at your own risk which you already do.
Each quarter, I compile a list of pre-ER candidates based on CML backtests. Attached is the Q4 2018 list. Over the next few weeks, I will continue to modify the spreadsheet to add new ideas, custom setups and confirmed earnings dates. The suggested entry date is the date on which the backtest is based. The yellow highlight means it’s currently in entry week. You can start watching earlier for a good entry or add to a position after this date. This is a starting point for taking a long position in a stock before earnings. Green highlights indicate that the candidate has 100% win rates in more than one setup.
I include only setups and backtests with 100% win rate over at least four quarters, an average return per trade of 40% or more, stocks with weekly options, and medium to high options liquidity. There are many other pre-ER candidates in CML but my preference is to stick with the 100% winners as long as they provide a diverse selection.
Some interesting observations include:
- WYNN and SWK are the only stocks with a 100% win rate over more than 4 quarters
- CML has introduced a new pre-ER straddle that I like. It’s in the spreadsheet under the Custom column
- Many of our favorites have fallen off the 100% win rate list (BA, INTC, MA, PYPL and others)
- SWK emerges as the best candidate this quarter with 100% win rate across five setups
https://docs.google.com/spreadsheets/d/1RKD02IWjO9ZpAsJ7DqRojBkAnVTE1ZncFxUNHnUOZsE/edit?usp=sharing
#rolling EOG rolled 115 put…
EOG rolled 115 put 18 DTE out to 39 DTE for 0.83 credit. Cost basis now 9.13 and still have 68 weeks to manage. I may unhinge this one and just be short the puts if it keeps moving up.
MU trade from Friday did not have time to post. Rolled 50 call from 8 DTE out to 39 for 0.60 credit. Cost basis now 9.1 and same as above 68 weeks left to sell options.
A couple of falling knives today
$KORS-Versace deal ultimately good for the company IMO. Sold Jan 18 55 puts @ 1.10. Strike below 2018 lows in Jun and Feb. Delta 14.
$NWL-Sold Jan 18 18 puts @ .73. If the strike is reached it would be a 6 year low for the stock. I would take assignment there for what would be an almost 5% dividend yield. Delta 25.
AAPL supercharger
Bot AAPL Oct26 205/215 @ 7.91. GTC order to close @ 9.40.
AAPL earnings tentatively 10/30. Historically, earnings have been end of Oct to early Nov so should be able to avoid earnings.
NFLX
STC 9/28 342.5/357.5 BuCS @4.70. BTO 9/12 @3.80 #supercharger
#spxcampaign Morning all. Sold to…
#spxcampaign Morning all. Sold to open Oct 8th 2980/3000 BeCS when SPX was at 2920.87. A Dan Sheridan method. Stops .30 and 2.10. I will pair it later. It will be a light week for me. Friday my daughter is presenting her research at a department seminar so we are hopping down to Tallahassee, FSU, to give it a listen.
AMZN Supercharger
#SuperCharger $AMZN keeps testing new lows so I’m out with a tiny profit on this round, small loss overall counting the first one I rolled.
Sold to close $AMZN Oct 19th 1865/1875 bull call spreads for 6.75. Bought for 6.55 last week.
$GOOGL also looking weak, but didn’t breach my 1150 short strike so I’ll hang with it.
Also opened one in $NVDA Friday, which is holding up.
Econ Calendar for week of 9/24/18
Click on the chart for a larger view
Link to chart: http://mam.econoday.com/byweek.asp?cust=mam
HOS
I got a late fill on Friday afternoon. STO March 15, 6 covered calls @ .40 cents.
Options Bistro 