Getting more time, waiting for a comeback in the British Pound.
Rolled $FXB Sep 21 129 puts out to Oct 19 129 puts for .15 credit.
Recent Updates Page 297
DUST in 2020
Throwing another one out there.
Sold $DUST Jan 17 2020 64 call @ 6.50. Highest strike.
WTW
#CoveredCalls – Goal is to get out of this at even. Missed my chance on the bounce and now appears to be breaking below the 200ma. Replacing this week’s with another aggressive sale at the money.
Sold WTW SEP 21 2018 70.0 Calls @ 2.45
Basis is now lowered to 72.50 so some more work to do….
WYNN
#ShortPuts – Nice morning in the desert. Admiring my new property. Could be owning a small piece of this at Jan expiration. LOL!
#closedstock TRTN Sold my shares…
#closedstock TRTN
Sold my shares at 37.65, bought March 20 for 31.68, have an Oct. 19, 35 put. All thanks to @tabortrader for this ticker.
FB put spread
Selling some premium with the short strike at 20 delta. Sold $FB Oct 19 155/145 BuPS @ 1.25 with the stock at 168.12.
2 down days in a…
2 down days in a row. Isn’t that some kind of record?
I will still like more of a flush, have a ton of cash and still want better prices. Trying to be better about timing and direction 🙂
TQQQ
#ShortPuts – In a small account replacing the ones I closed 5 days ago. Glad I didn’t wait for the last nickel or these sales would not have been possible…. 🙂
Sold TQQQ JAN 18 2019 55.0 Put @ 4.10
Sold TQQQ JAN 18 2019 50.0 Put @ 3.00
Sold TQQQ JAN 18 2019 45.0 Put @ 2.15
Adding to Nov DUST
At a higher premium.
Sold $DUST Nov 16 64 calls @ 1.35.
Rolling ALRM and NFLX / SPX Redux
#shortcalls
$ALRM BTC 9/21 55 call and STO 10/19 57.50 call at .30 debit.
$NFLX BTC 9/21 365 call and STO 9/28 370 call at .50 debit.
Both are covered
#spxcampaign
$SPX STO 9/14 2810/2835 BUPS at 1.80
Afternoon Opened an AMZN Sept…
Afternoon Opened an AMZN Sept 21st 1910/1920 BuPS spread for 1.05 when AMZN popped through 2034 during the lunch hour. It hit the Trillion Cap and promptly sold off. I suspect on profit taking.
PYPL synthetic covered
#Earnings My long languishing Jan 2019 100 calls are looking better. Selling calls against them has been a bitch. Truing again:
Sold $PYPL Sept 21st 95 #SyntheticCoveredCalls for 1.10
#shortputs STO EWZ Jan18’19 28…
#shortputs
STO EWZ Jan18’19 28 PUT 2.10
RH earnings
#Earnings $RH down as much as 6% today before earnings after the bell. This is a huge mover and I have spent much of the last couple years being involved in repair trades after earnings. Including now… I already have a Sep 7th 135/180 strangle. So I’m not adding anything new. If the stock moves LESS than its average quarterly move on earnings, I could STILL have one of my sides breached. Be careful out there!
Over last 12 quarters: Biggest UP move: 38.5%, Biggest DOWN move: -28.8%, Average move: 18.6%. Bias is +5.66%.
AMZN
STO September 14, 1900/1920 bull put spread at 1.90
TWLO
#Earnings – Short calls got run over on the last announcement so rolled them into ITM put spreads. Getting out now with slight profit after the big run. So long TWLO!
Bought to Close TWLO SEP 21 2018 85.0/75.0 Bull Put Spreads @ 2.59 (sold for 2.75)
TQQQ
Rolled my September 14, 69 calls to September 28 70 calls for a credit of .40 cents. Just taking the opportunity to roll them to a better strike price and some premium. One day we will get a correction and I will let the short dated calls just expire or am I just smoking hopium.
TRADES:
ROKU STO 9/7/18 64.0 CALLS @.75 When it was up this morning.
CORT STO 9/21/18 16.0 CALLS @.55
TUR STO 9/21/18 21.0 CALLS @.65 May be a “Pie” trade. Forgot the criteria for the “pie” trade. One of my best “premium” stocks.
ROKU STO 9/7/18 63.0 PUT @1.58
ROKU STO 9/7/18 62.5 CALL @1.00 COVERED
STX Falling Knife
Sold $STX Jan 18 2019 40 puts @ 1.15
RTN
BTO 2020 195 calls @ 23.00 and STO October 205 calls @ 1.35, adding to my position.
Au revoir but not goodbye
I’m heading to Switzerland for a couple weeks to hike the Alps and enjoy some family time. I’ll check in occasionally but my goal is to get my mind off the markets. As you all know, that isn’t easy for a trader.
Notable Earnings AM Mon:
Holiday
Notable Earnings PM Mon:
Holiday
Notable Earnings AM Tues:
None
Notable Earnings PM Tues:
COUP, RH, WDAY
Notable Earnings AM Wed:
HDS
Notable Earnings PM Wed:
CLDR, CTRP, CWK, DOCU, GWRE, MDB, OLLI, ZS
Notable Earnings AM Thurs:
BKS, GIII, NAV
Notable Earnings PM Thurs:
ABM, AVGO, FIVE, FNSR, GME, MRVL, OKTA, PANW
Notable Earnings AM Fri:
None
Notable Earnings PM Fri:
None
Good Morning
Good Morning
DUST SMH
#LongCalls #LongPuts #LEAPS – September is going to be crazy at work so might not be in here as much. Did get a few trades in on Friday and just now getting around to the bookkeeping.
DUST:
Bought to Close DUST Aug 31 2018 38.5 Puts @ .05 (sold for 1.60)
Sold DUST Sep 14 2018 36.0 Puts @ .87
SMH:
Rolled SMH Aug 31 2018 104.5 Calls to Sep 14 2018 105.0 Calls @ .02 credit
Econ Calendar for week of 9/3/18
#Jobs report is Friday at 8:30am ET
Options Expiration
#optionsexpiration
#earnings
$CRM 147/162.5 strangle Thank you @jeffcp66
$AMZN 1940/1960 BUPS
#assignment
$EXAS 51 call Stock called away. Covered my stock right before Pfizer collaboration announced. Stock at 75. The math (75-51) is not attractive. 😦
Have a great Labor Day for all that labor in the market each day. And the rest of us too.
Thanks for all the learning.
Expirations
Checking out early today. Only 2 trades.
GOOGL, 1180/1200 bull put spread
RTN, 205 calls, against my 2020 195 calls
#spxcampaign Sold to open Sept…
#spxcampaign Sold to open Sept 21 Weekly 2800/2780 BuPS @ 1.35. GTC closing order at .50. Alert at 2.90 Mark.
I have a BeCS to make the IC waiting 2990/3010 @ .65. I may drop it to .60 soon
Filled at .65 about 5 mins after the close
AMZN Closed Early
#longcalls
$AMZN STC 9/21/1840/1880 BUCS at 37.50 BTO 8/6 at 19.90 Sleep better this weekend
TNDM Puts
#shortputs
$TNDM STO 9/21 44 puts at 2.20 Thank you @honkhonk81 for inspiration
AAXN SFIX Puts Closed Early
#shortputs
$AAXN BTC 9/21 65 put at 1.30 STO at 6.00 on 8/9
$SFIX BTC 9/21 30 put at .10 STO at 2.25 on 8/10
AMBA double ender
#Earnings Sold some of my $AMBA Aug 31st 40 calls for .25. Nice to get a little profit on this side after taking the win on the put side this morning. Holding the rest in case we go even higher.
A lophir a day keeps…
A lophir a day keeps the losses at bay
Added lophir layers in QQQ, SSO, and XLY
I’m using a @fuzzballl tactic and choosing not to bore you with the details.:-) Here’s a quick refresher. Sell a 30d put x2, buy a 15d put x2, buy a 40d put x1, and sell a 22d put x1. Delta goal at entry is 12 per lot. Set a GTC to take profit or let it expire for full profit.
A TRADE: Getting back in.
TNDM BTO STOCK 45.64
AVGO supercharger
This trade was inspired by AVGO’s propensity to move up into earnings (9/6) and also by the delightful mispricing of a 5-wide DITM call debit spread.
Bot AVGO Sep7 207.5/212.5 BuCS @ 3.50. GTC order @ 4.30.
Target needs to be a little lower on this one due to high vol going into earnings. I forgot about that. That makes this trade more difficult to close for a profit before earnings.
AMZN
STO September 7, 1950/1960 bull put spread at 1.15
Closing a TSLA position
Sticking with my plan to take this off for at least 50% of the profit. Bought to close $TSLA Sep 21 250/240 BuPS @ .75. Sold for 1.60 on 8/20.
#ironcondor CMG August 15, sold…
#ironcondor CMG
August 15, sold a Sept. 21, 485/490/550/555 for 2.22. On August 27, CMG started this week long decline (again-so much for the 3 day rule), down another 8.50 today to 4.75, decided to cut and run, get back in if 475 is actual support. Bought put spread for 3.00.
A TRADE, an addition
$TNDM BTO STOCK 44.77
Weekly roll of OLED
#Earnings #CoveredCalls Working my way back to profit on busted earnings call from last quarter.
Yesterday, BTC $OLED Aug 31st 124 covered call for .40. Sold for 1.50 last Friday.
Today, Sold OLED Sep 7th 125 call for 1.75.
ULTA reversal
#Earnings Quite an overnight reversal… which I’d bought stock at 225 on the initial dip. Now my 275 short calls are threatened.
AMBA mostly closed
#Earnings #LongStraddle Sold most of my $AMBA Aug 31st 40 puts for 5.40 at the open. Will wait to see if the stock goes lower for the rest. Straddles bought yesterday for 4.09.
#earnings #shortstrangles LULU sold Sept….
#earnings #shortstrangles LULU
sold Sept. 21, 115/155 for 2.12
ERX EWW WTW
#LongCalls #LEAPS – All rolled ITM weekly calls out a week or two for right around even or tiny debit. Won’t bore you with the details
AMZN
#BullPutSpreads – Whiz trade…
Sold AMZN SEP 28 2018 1960.0/1950.0 Bull Put Spread @ 3.32
AMBA earnings
#Earnings Bought $AMBA Aug 31st 40 straddle. Filled at 4.09; described in my earlier post.
VZ
BTO Sept 21 55/53 BePS .70 in-out TheoTrade my take on it. #Bitty
STC 1.10 GTC
EA
#FallingKnife – One to keep an eye on…
#fallingknife FYI ANF down 18%…
#fallingknife
FYI
ANF down 18%
DLTR down 15% – DLTR Jan18’19 65 PUT 1.15
SVXY
What just happened?
AMBA earnings
#Earnings This one has had a volatile recent history. Last 12 quarters: Biggest UP move: 14.3%, Biggest DOWN move: -22.4%, Average move: 10.3%. So I’m taking the $YELP approach and betting on a big move.
Buying the 40 straddle. A 9.8% move will be breakeven at expiration… but in the morning premium will be higher.
My bid is in a 3.95, not filled. I’ll get it in the last hour if I need to adjust.
A TRADE: Not your usual…
A TRADE: Not your usual BuPS . The higher strike is above the stock price. I did it this way because the margin usage is 280.0 vs. 1800.0 +. So I make almost 100% on the trade for a 22 day wait. Yah, I WANTED to sell the 45.0 put. I think TNDM will be @ 45.0 by expiration, but that’s just my gut feeling, no edge. So, a little risky. Ride ’em cowboy. ;>)
TNDM STO 9/21/18 45.0 PUT @3.60
TNDM STO 9/21/18 40.0 PUT @1.50 Net Premium 2.10
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.
TSLA, NFLX
TSLA STC 9/7 335/330 BePS @4.70. BTO 8/28 @3.75. Is this a reverse supercharger ?
NFLX STC 9/7 345/350 BuCS @4.70. BTO 8/28 @3.89 #supercharger
#shortputs SCCO Sold Nov. 16,…
#shortputs SCCO #rolling WDC
SCCO Sold Nov. 16, 40 put for .85
WDC rolled Sept. 75 put to October for .46.
#optionsexpiration Only 1 trade today….
Only 1 trade today. Rolled XBI # fuzzy 87/95 and 95/95 out 2 weeks 22 DTE for 0.37 credit. Cb now 6.43 and 2.95.
Expirations tomorrow
TQQQ lot 1 65.5 cc will let call out at cb of 62.78
TQQQ lot 2 66 cc at 65.02 cb
TQQQ lot 3 65.5 cc at 62.98 cb
TQQQ lot 4 65 cc at 63.90 cb
Will reload on Tuesday.
Hopefully we get more than a 10 point /ES pull back, everything is way extended and do not want to chase trades up. Waiting for a good pull back in LABU. Next pull back I will load a synthetic long, missing a lot of upside by just selling puts.
Have a good long weekend!
A TRADE:
$ROKU STO 9/7/18 62.5 CALLS @.94 Nekkid
AZO supercharger
Bot Sep21 720/730 call debit spread @ 7.50. GTC @ 9.40
Earnings confirmed on 9/18. It’s not quite time to put on an earnings play so this is my way of taking advantage of a pullback with the likelihood that price will move up over the next few weeks.
#supercharger
GOOGL
STO September 14, 1160/1180 bull put spread @ .62
XLV lophir
STO XLV Sep28 +9 1/-2/-1/2 92/91.5/90.5/89.5 PUT/PUT/PUT/PUT x 9 @ .33 credit
Max risk $1862. BE 113.83. Credit $238
Management: Let it expire. If ETF price aligns with peak on risk graph, sell a 35/20d CCS and try to get out even
TQQQ
#ShortPuts – Got most of it. Freeing up cash in a small account.
Bought to Close TQQQ SEP 21 2018 48.33 Put @ 10 (sold for 1.15)
Bought to Close TQQQ SEP 21 2018 55.0 Put @ .15 (sold for 2.35)
Bought to Close TQQQ SEP 21 2018 60.0 Put @ .35 (sold for 3.90)
XLY lophir
STO XLY Sep28 1/-2/-1/2 116/115/114/112.5 PUT/PUT/PUT/PUT x7 @ .34 credit
Max risk $1862. BE 113.83. Credit $238
Management plan: Let it expire for full credit. If ETF price aligns with peak on risk graph, I will sell a 35/20 delta call credit spread in same expiration and try to get out for a scratch.
ULTA earnings
#Earnings Sold $ULTA Aug 31st 220/275 strangles for 1.80.
Biggest UP move: 17.3%, Biggest DOWN move: -9.1%, Average move: 6.4%. Bias +2.7%. My strikes are +13.2% and -9.5% OTM.
XBI
#LongCalls #LEAPS -Here’s another one of my old non-ratio’d positions that I’ve been fighting for awhile. Finally got it back to a ratio a few weeks ago just in time for a nice run. It’s only out to 2019 so booking it and will reset on next drop.
Bought to Close XBI SEP 7 2018 97.0 Calls
Sold to Close XBI JAN 18 2019 93.0 Calls
All said and done it’s a 1.16 winner on a 10 lot.
SQ
Parabolic.
CRM closed
#Earnings $CRM
Strangles sold for 1.53. Closed for .35
Condors sold for .58. Closed for .20
Considering ULTA, LULU, AMBA for tonight.
#Shortputs Sold ERX Sept 07th…
#Shortputs Sold ERX Sept 07th 35 Puts @ .40 with ERX @ 36.17 Sold ROKU Sept 07th 57 Puts @ .58 with ROKU @ 60.25
Covered Calls
#CoveredCallCampaign BTC $FB Sep 7th 167.5 puts for .20. Sold in a #StrangleRoll a couple weeks ago.
Sold $FB Sep 21st 185 covered call for 1.50.
Yesterday, BTC $BABA Sep 14th 195 covered call for .15. Sold for 1.50 the day after earnings, 8/23.
DUST
DG Earnings
#Earnings trades layered on top of my #LongCalls #LEAPS positions. I don’t even mess with these trying to get the last nickel…
Bought to Close DG AUG 31 2018 99.5 Puts @ .10 (sold for .63)
Bought to Close DG AUG 31 2018 112.0 Calls @ .05 (sold for 1.00)
CRM
#ShortPuts #IRA – Shorter term and slightly more aggressive. 9.3% annualized. 8 percent is usually my goal on the put sales…
Sold CRM NOV 16 2018 140.0 Put @ 2.65
Exit TSLA
#Earnings #Rolling Bought to close $THA Sep 7th 300/327.5 strangles for 10.35. Sold on Tuesday for 9.65. Exiting since my put side was breached. Fortunately theta worked in my favor for 2 days so the loss is small. My broker upped margin requirements on TSLA so this was a big chunk of buying power. I’ll leave TSLA alone for a few days and reconsider.
CRM mgt
#Earnings Bought to close the $CRM Aug 31st 162.5 calls for .05 in both my strangles and condors. Now looking to close the short 147 puts. All sold yesterday.
What happened next?
ROKU Puts / AMZN PUTS / Close AMZN Early / Roll MTN Calls
#shortputs
$ROKU STO 9/7 58 puts at 1.20
$AMZN STO 8/31 1940/1960 BUPS at 1.60
$AMZN STO 9/7 1930/1940 BUPS at 1.30
$AMZN STO 9/21 1880/1900 BUPS at 2.70
Close Early
$AMZN BTC 9/21 1720/1730 BUPS at .10 STO at 2.75 on 7/27
#shortcalls
$MTN BTC 9/21 290 call and STO 300 call at 5.50 debit This is covered
Options Bistro 