#Earnings Post-earnings pullback: Selling at the 200 dma on a bullish trend;
Sold $FDX Oct 12th 240 puts for 2.90
Recent Updates Page 295
#spxcampaign A little quick on…
#spxcampaign A little quick on the trigger this morning. Sold Sept 28th 2950/2970 BeCS at 0.75 when SPX was at 2894.34 Should have gone for that coffee refill first.
Good Morning
All the major indices poised to open higher today as the tariffs slapped on Chinese goods are lower than expected
Futures fading from highs
BREAKING: China retaliates against Trump’s new tariffs with its own 5%-10% tariffs on $60B of goods http://cnbc.com/id/105455033
#spxcampaign Paired my BeCS with…
#spxcampaign Paired my BeCS with Sept 28th 2820/2800 BuPS @ 1.05 when SPX was at 2894.20.
GOOGL supercharger rolled
#SuperCharger Sold $GOOGL Sep 28th 1155/1165 bull call spreads for 6.50. Bought for 6.99 last Monday.
#Rolling Bought GOOGL Oct 5th 1140/1150 call spreads for 6.85.
I’m getting leery, however, of staying long anything.
AMZN
STO September 28, 1680/1700 bull put spread @.95 cents. My next level will
be 1630/1650
Gartman
I understand that he is constructive on US stocks again. I should have known there was a reason for the market to be down.
LABU
#ShortPuts #IRA – Adding to a Dec ladder. Looked at Jan but lowest strike is still 75.
Sold LABU DEC 21 2018 60.0 Put @ 2.50
TSLA roll
#Earnings #StrangleRoll
BTC $TSLA Sep 21st 260 put for .59. Sold for 11.95.
Stopped TSLA Sep 21st 300 calls for 7.80. Sold for 3.35.
Rolled to: Sold Sep 28th 275/322.5 strangles for 8.20.
GOOGL
Rolled #supercharger Sept 21 1160/1162.5 BuCS to Sept 28 1157.5/1160 for .02 cr
AMZN rolled
#SuperCharger Bought to Open $AMZN Oct 19th 1865/1875 Bull Call Spread for 6.55. Moved strikes 25 points lower and bought this one for cheaper than usual.
#SPXcampaign Morning all from the…
#SPXcampaign Morning all from the soggy Antfarm compound. We survived. No damage to the house or barn. Lots of debris to be cleaned up. Dog is having a blast wailing all the sticks into submission.
Got a late start here but Sold NUGT Sept 21st 13.50 Calls at 0.14 when NUGT hit 12.62. Basis is being whittled away at a splinter’s pace. Now 23.53 from an assignment of 26.58 in mid May
Sold SPX Sept 28th 2950/2970 BeCS @ .90 when SPX was at 2897.78. Waiting for a fill on the put side.
A TRADE:
ROKU BTC 9/21/18 78.0 CALLS @.10 STO @.50
AMZN SC closed
#Supercharger Sold to Close $AMZN Sep 28th 1890/1900 bull call spread for 6.50. Bought for 7.35 on Sept 6th.
As an experiment, I had also sold a 1-lot in the 1900/1890 put spread for 2.70. I entered the order to close for 3.55, which is the same .85 loss as the call spread. This put spread closed when AMZN hit 1923, and the call spread closed when it hit 1924. So as for stop loss, the experiment shows these spreads work about the same. I’ll try this again to see how the winners turn out.
AMAT
#LongCalls #LEAPS – Added one to reduce basis. 60 percent size now…
Bought AMAT JAN 17 2020 50.0 Call @ 2.55
BABA
#LongCalls #LEAPS – Looking a little weak here. Early in the trade so can stay aggressive. Rolling weeklies down but not out.
Rolled BABA SEP 21 2018 165.0 Calls to SEP 21 2018 160.0 Calls @ 1.77 credit
#shortputs #closing #fallingknife HAL Sept….
#shortputs #closing #fallingknife HAL
Sept. 5, sold Jan. 35 put for 1.31, bought today for .78.
Closed AZO
#SuperCharger Sold to close $AZO Sept 21st 725/735 bull call spread for 6.50. Bought for 7.35 on Aug 30th.
The expiration on this spread is AFTER earnings, which is not ideal as you won’t get enough theta decay to take the desired profit unless you wait past earnings. I didn’t want to risk the full 7.35 on that coin toss.
Econ Calendar for week of 9/17/18
Be sure to periodically click “Home/REFRESH” to keep Bistro features updated
NOTE: There may be errors…
NOTE: There may be errors and omissions in this list. Please perform your own due diligence and confirm the earnings date BEFORE entering a trade.
+++++++++++++++++++++++++++
Notable Earnings AM Mon:
None
Notable Earnings PM Mon:
FDX, ORCL
Notable Earnings AM Tues:
GIS
Notable Earnings PM Tues:
None
Notable Earnings AM Wed:
None
Notable Earnings PM Wed:
RHT
Notable Earnings AM Thurs:
DRI, THO
Notable Earnings PM Thurs:
MU, SCS, UNFI
Notable Earnings AM Fri:
None
Notable Earnings PM Fri:
None
Three Expirations
#optionsexpiration
$DBX 28 call
$MO 61 put
$WDC 55 put Thank you @optioniceman you are a nice man!
SPX Campaign / GOOGL Rolled / MU Calls
#spxcampaign
$SPX STO 9/28 2815/2840 BUPS at 1.80 Thank you @jeffcp66
#shortputs
Rolled
$GOOGL BTC 9/14 1160/1180 and STO 9/28 1140/1160 at .67 credit Thank you @jsd501 Will be an interesting two weeks. I have my Dramamine ready.
$TNDM STO 10/12 43 puts at 2.39 Like the stock, own some and I think the downdraft will be short lived
#longcalls
$MU BTO
#longcalls
$MU BTO 10/19 45 calls at 2.40 Credit Suisse Positive Comments
$NKE BTO 9/28 77.50/87.50 BUCS at 5.45 Stock going up. Earnings 9/25 AM Hope to remember to close before earnings.
Everyone have a safe and restful weekend. Prayers to those in harms way.
Options Expiration 9/14/18
— Expired —
$SPX 2810/2835/2955/2980 iron condors. Sold for 3.80 on Aug 29th.
Have a great WE all
Have a great WE all
EOG 115 put #fuzzy rolled…
EOG 115 put #fuzzy rolled out to 28 DTE for 1.24 credit. CB now 9.96 and still have 69-70 weeks to go so only need 0.14 per week to zero cost basis.
OLED covered call
#PieTrades Sold $OLED Sep 21st 122 call for 1.50.
Trades of my day
#PieTrades created from busted #Earnings trades
Sold $OLED Sep 21st 114 put for 1.50. Selling a call before the close
#CoveredCallCampaign
Sold $AAPL Oct 5th 215 puts for 1.78. Offsetting 230 covered calls.
Sold $SQ Oct 5th 82 puts for 1.00.
#Earnings repair
BTC $TSLA Sep 21st 260 put for 1.40. Sold last week for 11.95. Still holding another, against 300 calls.
$RH Stopped out on Sep 28th 135 calls, for 5.55 and 8.00. Sold for 2.80.
Looks bullish now so sold Oct 5th 130 puts for 2.80.
AMAT AMBA AZO BABA DG ERX GLD HIMX LABU SMH XBI
#LongCalls #LEAPS – Unfortunately I’ve got to leave before the close so had to take care of these a little early. That was a good thing on some and not so good on others. Either way….rolling and selling.
AMAT:
Bought to Close AMAT SEP 28 2018 46.0 Calls @ .01 (sold for .44)
AMBA:
Overall profitable so far in spite of the selloff. Being careful with a whipsaw now.
Rolled AMBA SEP 14 2018 38.0 Calls to SEP 28 2018 39.0 Calls @ .15 credit
AZO:
Trade repair I entered as a 1×1 LEAP position. Long up 85 points but blocked by weekly. Rolling both sides up for earnings to get the weekly more rollable for later. A big pullback would give me max profit. Slight overall debit will come out of weekly premium received so far.
Rolled AZO JAN 17 2020 640.0 Call to JAN 17 2020 690.0 Call @ 33.61 credit
Rolled AZO SEP 14 2018 670.0 Call to SEP 28 2018 710.0 Call @ 34.10 debit
BABA:
Fairly new position non-ratio’d. Still using deltas for roll guidance and looking for the quick winner.
Rolled BABA SEP 14 2018 162.5 Calls to SEP 21 2018 165.0 Calls @ 1.21 credit
DG:
Long term that was a non ratio that got run over. Finally got it back to a partial ratio. Looking for break even and then out. Almost rid of most of these old ones that got run over and will look to replace on better entries next time.
Rolled DG SEP 14 2018 104.0 Calls to OCT 5 2018 105.0 Calls @ .19 debit
ERX:
Ratio’d and coming along nicely.
Rolled ERX SEP 14 2018 34.0 Calls to ERX SEP 21 2018 34.5 Calls @ .34 credit
GLD:
Treading carefully well below the LEAPS. Maybe I should sell these more aggressively to force a rally and help my ever expanding short DUST position…LOL
Sold GLD OCT 12 2018 115.5 Calls @ .41
HIMX:
An old one that hasn’t worked. Selling weekly to get as much back as I can with even being the goal here too. Just need one decent rally to get out before end of year. Replacing this week’s expiration.
Sold HIMX OCT 26 2018 6.5 Calls @ .22
LABU:
Bought to Close LABU SEP 14 2018 98.0 Calls @ .05 (sold for 1.75)
Sold LABU SEP 28 2018 98.5 Calls @ 2.10
SMH:
Long term that got run over but got it back to ratio’d. Starting to look better now. Market makers are not good in this one.
Rolled SMH SEP 14 2018 105.0 Calls to SEP 28 2018 106.5 Calls @ .12 credit
XBI:
Same as BABA above. Fairly new position non-ratio’d. Still using deltas for roll guidance and looking for the quick winner. Replacing weeklies that filled yesterday for min value right at the close.
Sold XBI SEP 28 2018 97.5 Calls @ .80
Have a great weekend everyone!
Closing ROKU
Bought to close $ROKU Oct 19 55 puts @ .62. Sold for 1.77 on 9/5.
GOOGL rolling
BTC September 14, 1180/1160 bull put spread and rolled out to September 28, 1150/1130 bull put spread for a credit of 1.00 and I may need to roll these again and again. I should have taken my small loss early this morning.
MU pre-earnings speculation
#PreEarnings Taking a shot at $MU. Chips have been beaten up lately but starting to show support. MU is now bouncing off the consolidation area from early this year. Taking a slightly OTM long call. Even if earnings reaction next week is not stellar, stock will have until Oct 5th to reach the 47.00 break-even.
Bought to Open $MU Oct 5th 45 long calls for 2.02. Keep an eye out, you might get this cheaper if we drop more intraday.
Also long shares in a #PieTrade.
Reminder, this happens on Tuesday
#VXXGame $SVXY and $UVXY splits
https://seekingalpha.com/news/3386632-proshares-announces-reverse-share-splits-two-etfs#email_link
Same old story…
BREAKING: Dow sharply drops after reports says Trump wants to move forward with tariffs on $200 billion in Chinese goodshttps://t.co/jfQ0xIUd9p pic.twitter.com/Boq8zVemOF
— CNBC Now (@CNBCnow) September 14, 2018
Bonus day off, not getting…
Bonus day off, not getting hammered by the storm so time to trade then go bike or kite, might be too windy today 🙂
Still waiting on theta decay, next week a big expiration, this one mostly rolling and a few new trades.
#pietrades
TQQQ lot 1 rolled 64 cc rolled out 2 weeks for 0.8 credit. Cost basis now 63.20
TQQQ lot 2 rolled 65.5 cc out 2 weeks for 1.3 credit. Cb now 63.15
LNG lot 1 66.5cc rolled out a week to 66 for 0.73 credit. Cb 64.67
LNG lot 2 66.5 cc rolled out a week to 66 for 0.93 credit. Cb 64.72
#fuzzy new and adjustments/rolls
New XBI 80/97 2020 Leap and 14 DTE on the 97 for cost of 19.56
LNG 50/66.5 2020 LEAP and 14 DTE on the 66.5 for 19.25
Rolls
XBI 87/95 and 95/95 2019 LEAPs rolled out to 21 DTE for 0.75 credits. Cost basis now 5.68 on the 87 and 2.2 on the 95. Getting close to a free trade on these.
Hope everyone in the path of the storm is safe and dry!
I now have about 4-6 weeks on the #fuzzy in the small accounts and have to say anything below 10k this is the way to go, even better than #pietrades. Over that you can do about the same with #fuzzy or #pietrades.
Going forward I will still be experimenting with the 45 DTE open 21 DTE close pie ladders (new hashtag maybe if it works) and will report as they roll/unwind. The TT segment that @thomberg1201 posted the other day added more evidence that may be the best way to income trade.
Hope everyone has a good weekend 🙂
Morning all. Popping in here…
Morning all. Popping in here from the “sunny” piedmont of NC in between power blips. Yeah, that’s the ticket. Rolled my ERX Sept 14th 35 Puts out and down to Sept 21st 34 P for .30 credit.
#ironcondor BABA TastyTrade idea sold…
#ironcondor BABA
TastyTrade idea sold Oct. 19, 150/155/175/180 for 2.33, BABA is just under 165.
CAT
Good morning. This is a DeBeers stock over on SMM.
BTO January 2020, 150 calls at 15.90
STO September 28 155 calls for .23 cents
Good Morning
Good Morning
DUST
MO ALRM NFLX Short Puts / WTW Roll Calls / SPX Closed Early
#shortputs
$MO STO 9/14 61 put at .40
$MO STO 9/21 61 put at .78
$ALRM STO 9/21 57.5 puts at 1.10 Thank you @fuzzballl
Closed Early
$NFLX BTC 9/21 295/305 BUPS at .05 STO at 1.95
#shortcalls
$WTW BTC 9/21 74 call and STO 10/19 80 call at a net debit of .15 Stock at 72.25
#spxcampaign
Closed Early
$SPX BTC 9/14 2810/2835 BUPS at .20 Sold for 1.80 I’m a bit skittish
XBI
#LongCalls #LEAPS – Late fill so looking tomorrow for the next sale…
Bought to Close XBI SEP 14 2018 97.5 Calls @ .02 (sold for 1.02)
VIX hedge
#Hedge – Added the second half of this today. First half filled at .05 debit and second half filled at .10 credit. Also added long 11 puts underneath the short 13’s. Basically a bullish (on VIX) double vertical…sold 13/11 put spreads to finance the purchase of 17/21 call spreads. This will also be a nice hedge for shorting UVXY after the upcoming reverse split.
Here’s the original post:
=======================================================================
Theo Trade VIX hedge
#Hedge – From a free webinar last night….Don was going out to Nov and selling 13 strike puts. Using that cash to finance the purchase of 17/21 Bull Call Spreads. He was getting it at even. I’m showing a nickel debit right now. No fill yet.
=======================================================================
AMD-taking profits on a quick one
I didn’t expect this to get to 50%+ profit in a few hours but I’ll definitely take it when it does!
Bought to close $AMD Oct 19 37 calls @ 1.02. Sold for 2.17 earlier this morning.
#shortputs DUST Sold Sept. 21,…
#shortputs DUST
Sold Sept. 21, 42.50 put for 1.73.
SPX condor sold
#SPXcampaign Sold to Open $SPX Sep 28th 2815/2840/2950/2975 iron condors for 3.65. This is replacing the condor that expires tomorrow, but I’m going 5 points closer in on each side.
WDC
Already rebounding so already adjusting to stay ahead.
Rolled 22 DTE 57 call out to 43 DTE and up to 58 call for 0.53 credit. Cost basis now 15.41 and still have 69 weeks to manage.
I am finding it easier to move up/down/out before it goes too far ITM. Once it does the deltas offset more. At that point probably better to either a) move the entire spread or b) ratio it to prevent so you have no risk to the upside.
AAPL call roll
#CoveredCallCampaign BTC $AAPL Sep 28th 227.5 covered calls for 3.55. Sold for 3.60 on Tuesday, so broke even and covered commissions.
#Rolling Sold AAPL Oct 5th 230 calls for 3.60.
#ironcondor TSLA Short strikes from…
#ironcondor TSLA
Short strikes from TastyTrade idea, sold Oct. 19, 210/220/355/365 for 1.63, TSLA is around 290.
#shortputs TastyTrade Short puts are…
#shortputs TastyTrade
Short puts are sold here very often. Here is a 7 minute market measure on managing at 25%/50%/21 days and expiration with doing something at 21 days being the winner. Doesn’t help with the 4 days to expiration puts on DUST though.
https://www.tastytrade.com/tt/daily_recaps/2018-09-12/episodes/short-put-management-performance-09-12-2018
TRADE:
ALRM STO 9/21/18 57.5 PUT @1.15 Trying to buy it a little cheaper.
SQ covered calls
#CoveredCallCampaign This one has been a monster, and call premium is big. Got some of my calls run over so building my way back. I am long stock and also long Jan 2019 60 calls.
Sold $SQ Oct 5th 97 calls for 2.45.
Anyone have advice on rolling my Jan 60 calls? I can go to March or Jan 2020. Currently trading at 32.83. Can roll up to Jan 2020 80 call for 26.20, or Jan 2020 100 call for 17.40.
Thoughts?
BA
BTO January 2020, 360 calls @ 44.16
STO October 19, 375 calls @ 3.55
#spxcampaign Morning all. Stopped out…
#spxcampaign
Morning all. Stopped out of my 4 spread legs as designed about 10 minutes after the open.
Sept 21st 2780/2760 BuPS @ 0.30. Originally sold for 1.25 on 9/05
Sept 21st 2940/2960 BeCS @ 1.80. Originally sold for 0.80 on 9/12.
Sept 24th 2780/2760 BuPS @ 0.30. Originally sold for 1.00 on 9/11
Sept 24th 2940/2960 BeCS @ 1.75. Originally sold for 0.70 on 9/11
Overall my test of 3 IC including the Sept 14th spreads have netted 49.40 of profit using Dan Sheridan’s method with my usual 2 contracts per side. I like Sheridan’s method of setting hard stops using OCO. When I set alerts it leaves me antsy and prone to making irrational moves. I may reload these later today.
Now its time to sit back and wait for Florence. Have a great day.
Going short AMD
Via calls. Idea from TastyTrade.
Sold $AMD Oct 19 37 calls @ 2.17 with the stock at 33.95 up almost 25% this week.
#earnings #closing #shortputspread NFLX July…
#earnings #closing #shortputspread NFLX
July 12, sold Sept. 21, 350/360 put spread for 2.20, glad I went out in time as NFLX went from about 400 to about 310 in the month after earnings. Finally turned profitable today, bought for 1.94. Beats losing.
BA
BTO September 28, 340/350 call spread @ 8.45 with the stock at 360
PVTL call side closed
#Earnings BTC $PVTL Sep 21st 34 calls for .05. Condor sold yesterday for 1.70.
The 22.5 puts are recovering from overnight lows. Order in to close for .05 as well. Leaving the long legs as lottery tickets.
Good Morning
Good Morning
Google Supercharger / CMG TSLA Closed Early / IQ HAL Rolled
#supercharger
Maiden Voyage – shoals abound
$GOOGL STO 9/28 1155/1165 BUCS at 7.20 Thank you @jeffcp66
#shortputs
$CMG BTC 9/28 440/460 BUPS at .50 STO at 3.30 Thank you @ramie77
$TSLA BTC 240/250 BUPS at .55 STO at 1.60 Kudos to @ramie77
$IQ BTC 9/21 35 put and STO 10/19 35 put at .30 additional credit
$HAL BTC 9/21 40 put and STO 10/19 35 put at .26 additional credit
AAOI assignment
I was assigned overnight on my short Jan 75 puts (which I’ve been rolling since they went ITM about a year ago). I thought we had a shot of getting close previous levels again back in July but things have retreated since then. I’ll sell calls on the next big move up but for now just staying long. Premium taken in so for is 11.59 so basis is 63.41.
iPhone X s MAX
6.5″ display, just announced.
Watch live at https://www.apple.com/apple-events/september-2018/
1st earnings report
#Earnings Taking a shot on this one since premium is high, but defining max risk since this is its first earnings report, and the options expire next Friday.
Short Strikes are about 20% OTM.
Sold $PVTL Sep 21st 17.5/22.5/34/39 condors for 1.70.
NFLX
#supercharger – STC 14 SEP 345/350 BuCS @4.70….Opened 8/28 @3.89..
BTO 28 SEP 342.5/347.5 BuCS @3.80…GTC order to close @4.70
#spxcampaign Stopped out of my…
#spxcampaign Stopped out of my Sept 14th 2930/2950 BeCS @ .10 (Profit target). Originally sold 9/7 for .40.
WDC
#LongCalls #LEAPS – Could be a fake out today so starting gradually with about one third position and non-hedged.
Bought WDC JAN 17 2020 57.5 Calls @ 8.80
Sold WDC SEP 21 2018 58.0 Calls @ 1.01
SOXL
#ShortPuts #IRA – Adding one more slightly more aggressively.
Sold SOXL Nov 16 2018 100.0 Put @ 3.50
Already short the Nov 90 strike @ 5.10 from awhile back…
DUST
DG JNJ SOXL
#ShortPuts #IRA – Freeing up some cash and selling first Feb position.
Bought to Close DG Jan 18 2019 75.0 Put @ .25 (sold for 2.26)
Bought to Close JNJ Nov 16 2018 115.0 Put @ .22 (sold for 3.05)
Bought to Close JNJ Dec 21 2018 110.0 Put @ .24 (sold for 2.37)
Sold SOXL Feb 15 2019 75.0 Put @ 3.50
STX
#ShortPuts #IRA – Adding one…great divvy down here.
Sold STX Dec 21 2018 45.0 Put @ 2.34
Not selling any puts in WDC yet but considering adding a long term LEAPS position.
AMAT Adding to Jan at a lower strike
Sold $AMAT Jan 18 34 puts @ 1.23
DUST
Look at it fall after a parabolic rise (twice). Luckily for me I sold a Sept 21 BeCS 36/50 for $8.50. I averaged it with an earlier position sold for much less. Presently worth $7.07, break-even for me.
#spxcampaign Sold Sept 21st 2940/2960…
#spxcampaign Sold Sept 21st 2940/2960 @ 0.80 when SPX was at 2887.41. Profit limit @ .20 Mark and stop loss @ 1.80 Mark. This is paired with the Sept 21st BuPS
MU
Rolled 10 DTE #fuzzy to 23 DTE for 0.23 credit. Cost basis now 9.70.
At least WDC rebounding a little.
Covered Calls and such
#CoveredCallCampaign
Yesterday:
Sold $BABA Sep 28th 170 call for 1.55
Sold $AAPL Sep 28th 227.5 calls for 3.60
#PieTrades
Closed $MU Sep 14th 47.5 covered call for .08. Sold last week for .75. Leaving the deck clear for earnings next week.
Today:
BTC $AMAT Sep 14th 125 covered call for 2.50. Sold last week for 2.00. Ex-div tomorrow, so I’ll wait until after to sell new calls. #PieTrades
#Earnings repair
Sold $TSLA Sep 21st 300 call for 4.25
Sold $RH Sep 28th 135 call for 2.30
Options Bistro 