#FallingKnife – One to keep an eye on…
Recent Updates Page 300
#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
Reverse Split Happy Fun Time!
ProShares announces reverse share splits on two ETFs
Aug. 29, 2018 4:27 PM ET|About: ProShares Short VIX Short-T… (SVXY)|By: Liz Kiesche, SA News Editor
ProShares reports reverse shares splits on two of its ProShares Trust II ETFs; the splits won’t change the total value of a shareholder’s investment.
ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) split ratio 1:5; CUSIP number will change to 74347W148 from 74347W163.
ProShares Short VIX Short-Term Futures ETF (NYSEARCA:SVXY) split ratio 1:4; CUSIP number will change to 74347W130 from 74347W627.
All reverse splits will be effective before the market open on Sept. 18, 2018, when the funds will begin trading at their post-split price. Ticker symbols for the funds will not be changed.
https://seekingalpha.com/news/3386632-proshares-announces-reverse-share-splits-two-etfs#email_link
DG
#LongCalls #LEAPS #Earnings – Earnings in the morning so adding a little to the position. Long 2019 LEAPS and short this week’s calls. Adding strangles outside all of that. Sold 112 strike calls yesterday and adding puts today.
Sold DG AUG 31 2018 99.5 Puts @ .63
UVXY
#BearCallSpreads – Bought to Close UVXY SEP 21 2018 20.0/30.0 Bear Call Spreads @ .05 (sold for .71)
A TRADE:
$MDCO BTO STOCK @40.42 , A starter!
SPX condor
#SPXcampaign Jumping back in after a month-long break.
Sold $SPX Sept 14th (Friday PM expiration) 2810/2835/2955/2980 condors for 3.80.
CRM earnings
#Earnings Sold $CRM Aug 31st 147/162.5 strangles for 1.53.
Also, sold 145/147/162.5/165 unbalanced iron condors for 0.58
Biggest UP move: 11.0%, Biggest DOWN move: -4.4%, Average move: 3.3%. These strikes are about +/- 5.0% OTM. The 11% up move is an outlier… it occurred in Feb 2016. Next highest move was +4.1%.
#earnings #shortstrangles CRM Sold Sept….
#earnings #shortstrangles CRM
Sold Sept. 15, 140/170 for 1.34.
AMZN closed
#Lophir Closed on GTC order: $AMZN 1820/1855/1885/1915 Lophir put trade for 4.30. Sold for 8.70 yesterday. The gap higher today made this only a one-day trade, although I think the very wide bid/ask spread on a trade like this can work in your favor on both ends, provided you can be patient and don’t force a fill. Thanks @kathycon for the idea!
MU pie roll
#PieTrades Rolled $MU Aug 31 50 covered call to the Sep 7th 50.5, .30 credit
#CoveredCallCampaign Rolled $AAPL Aug 31st 205 covered calls to Sep 7th 207.5 calls, 2.00 debit. Clawing my way up the strikes until I get a pullback.
GOOGL closed
#SuperCharger Closed on GTC order: $GOOGL Sep 7th 1200/1210 bull call spread for 9.45. Bought for 7.20 on 8/23.
#earnings #closing DKS Yesterday sold…
IBB
WOW, put on a #Fuzzy 7/24 119/119/117 Put @2.50 have been in a almost total loss since entering.
Just STC @2.65 got out with a small profit. Was not going to hang around and have a bad ending.
#earnings #closing BBY Monday I…
Strangling TSLA again
#Earnings #Rolling Seems to have found a range, so after last week’s successful trade I’m trying again.
Yesterday, sold $TSLA Sp 7th 300/327.5 strangles for 9.65.
Other than that, my main work has been trying to stay ahead of #CoveredCalls in $AAPL, $PYPL and $SQ. It’s nice to be long all of these but selling calls is a bitch! I keep having to stop out and roll.
AMZN Closed Early
#shortputs
Closed the rest
$AMZN BTC 9/7 1780/1800 BUPS at .30 STO at 2.70. Sold the other batch yesterday at .50
EWZ
#LongCalls #LEAPS – Still plugging away. Stop set on next week’s so adding another layer…
Bought to Close EWZ AUG 31 2018 35.0 Calls @ .02 (sold for .30)
Sold EWZ SEP 21 2018 35.0 Calls @ .43
#earnings #shortstrangles DKS Sold Sept….
Sold Sept. 21, 32/41 for 1.20, .60 each side, Dick’s is at 36.51.
CLX
BTC October 105 puts @ .05, sold at 1.50
SOXL
#ShortPuts #IRA – Yesterday…
Bought to Close SOXL NOV 16 2018 65.0 Put @ .40 (sold for 3.20)
Whiz Trades AMZN CSX
#Whiz – I’ve been adding a few of these lately….very small. Just one or two contracts. I’m becoming a believer (gulp) 🙂 🙂
Bought to Close AMZN SEP 7 2018 1862.5/1860.0 Bull Put Spreads @ .18 (sold for .95)
Forgot about this one:
Expired CSX AUG 24 2018 71.0/70.0 Bull Put Spreads (sold for .20)
Fib Queen
$AMZN I’m not crazy enough to try and pick a top with this timing work….but I am suggesting that my subscribers ratchet up stops and protect profits as we are near target 1 and 8/28-29 cycles may offer resistance to the move
A TRADE: Day trading this.
$ROKU BTO STOCK @63.05, As it crossed VWAP. Just trying to maximize my regular holdings in ROKU. Not for everyone.
TQQQ roll
I rolled my 68.5 calls for September 7, out to September 14, 69 calls for a credit of .20 cents and a 1/2 point better strike price. Now we just need a pull back so these can expire.
FAS
#LongCalls #LEAPS – Trimming a little more here. This one was ratio’d and still got partially run over so taking a small winner on what feels like a down day…LOL Gradually building cash reserves at this point…
Bought to Close FAS AUG 31 2018 66.5 Calls
Sold to Close FAS JAN 17 2020 67.0 Calls
All said and done a .43 winner on a 10 lot. Not a big one here but FAS has been very good to me this year.
I should go long the…
I should go long the market here so we get a pull back 🙂
Or short the market and it will keep going up
AMZN
STO Aug 31 1902.5/1900 BuPS .29 #bitty
A TRADE:
BJ BTO STOCK 26.53, For a day trade. 1/2 a position.
AMAT AMBA DG GLD
#LongCalls #LEAPS – A few sales this morning…
AMAT:
Sold AMAT SEP 28 2018 46.0 Calls @ .44 (ratio’d replacing this week’s)
AMBA:
Sold AMBA AUG 31 2018 43.0 Calls @ .83 (ratio’d for earnings this week)
DG:
Sold DG AUG 31 2018 112.0 Calls @ 1.00 (adding a couple more for earnings)
GLD:
Sold GLD SEP 14 2018 116.0 Calls @ .48
Sold GLD SEP 28 2018 118.0 Calls @ .40
AMZN lophir
Update: Changed profit target to 80% from 50%. With today’s upside, I want to give this trade more room to profit.
Update2: Closed for 70% profit.
STO AMZN Sep28 1/-2/-1/2 1915/1885/1855/1820 PUT/PUT/PUT/PUT @ 8.69 credit. GTC order to close at 4.35.
This is a rinse and repeat trade. I take 50% profit and replace with another 30dte trade. Management is minimal. If stock price lines up with the peak on the risk graph, cut the delta in half by selling a 35/20 delta call credit spread, a long put or whatever you prefer.
A TRADE:
MZOR STO 9/21/18 45.0 PUTS @1.05. Looking to have it put to me a little cheaper. I’m anticipating, as the P&F Chart shows a double top to be, @ 49.0, and a buy signal will be at 50.0. We’ll see. ;>)
#Zebra Trade I caught a…
#Zebra Trade
I caught a rare Liz & Jny this morning “Calling All Millionaires” and caught their #Zebra trade (Zero Extrinsic Back Ratio). This is a little similar to the #Cobras I was doing a little while back (Covered Back Ratio). It looks like a good way to keep some short delta in the portfolio.
My trade today: BTO SPX Sep 26 2940 put (30DTE, 70 Delta) @51.70 x2, STO Aug 29 2900 put @ 6.80 x1. These get rolled every two days (keep track of accrued credits against the longs).
Good video here explains the trade and management:
https://www.tastytrade.com/tt/shows/calling-all-millionaires/episodes/zero-extrinsic-back-ratios-in-2-easy-steps-08-22-2018
ERX #shortputs Bought to close…
ERX #shortputs Bought to close my Aug 31st 37 Puts @ .80 off a GTC order. These were rolled out 8/10 for 2.19
GOOGL
STO Aug 31 1230/1227.5 BuPS .35 #bitty
Consumer confidence hits 133.4 in…
Consumer confidence hits 133.4 in August, vs. 126.7 estimate.
GOOGL
STO August 31, 1180/1200 bull put spread at .30 cents.
AMZN HA Closed Early / Roll NFLX
#shortputs
Closed Part Early
$AMZN BTC 9/21 1780/1800 BUPS at 81% max profit
Closed ALL
$HA BTC 10/19 32 put at .10 STO 6/13 at 1.15 Thank you @ramie77
#longcalls
Closed part early
$AMZN STC 9/21 1800 call at 131.40. BTO at 66.52 on 8/2
#coveredcalls rolled
$NFLX BTC 9/7 345 calls and STO 9/21 365 calls at additional 1.67 debit
EARNINGS
Steve Burns @SJosephBurns
9m
Implied moves for earnings next week(M=monthly):
$BBY 7.4%
$TIF 7.1%
$DSW 13.3(M)
$BJ 12.1%(M)
$BOX 12.7%(M)
$DKS 10.4%
$CRM 4.9%
$PVH 6.3%(M)
$DG 5.5%
$HOME 13.3%(M)
$LULU 9.0%
$ULTA 7.3%
$AMBA 10.7%
$DLTR 6.8%
$ZUO 20.2%(M)
$SFUN 11.9%(M)
https://www.wsj.com/articles/dear-investor-that-cocky-voice-in-your-head-is-wrong-1535108459
https://www.wsj.com/articles/dear-investor-that-cocky-voice-in-your-head-is-wrong-1535108459
#earnings #shortstrangles BBY Sold Oct….
#earnings #shortstrangles BBY
Sold Oct. 70/95 strangle for 1.42
#coveredcalls TWTR Wow, now that…
#coveredcalls TWTR Wow, now that is quite a breakout. Closed my all to early short calls @ .53, a .38 loss. I will just let this play out for a while. Maybe I should go back on vacation.
#advice #shortcallspreads SODA Looking for…
#advice #shortcallspreads SODA
Looking for the best way out. August 9 I sold a Sept. 21, 135/145 call spread for 1.33, SODA had a run up after earnings, then the Pepsi announcement put this in the money, currently at 142.
Any ideas? Thanks.
Rolling/closing.
BTC LABU 85 put this week for 0.15. Sold for 1.9 last Thurs.
Rolled MU this week 50 call leap out a week for 0.32 credit. Cb now 10.94.
SSO
Followed
STO +1 2/2/1/1 ~CONDOR SSO 100 21 SEP 18 124.5/123/120.5/118 PUT @.51
Order to STC GTC [TO CLOSE/TO CLOSE/TO CLOSE/TO CLOSE] .17
#lophir
???
MSFT unhinged fuzzy
Bot MSFT Sep28 109c/-109p/+106p x2 @ 1.32.
My indicators were saying to go long. This will likely be a short hold. My exit price is the high at 111.15
SSO TQQQ new trades
Now that @smasty160 (Sue) has informally introduced the “lophir” to Options Bistro, I’ll start sharing some of my trades. By way of a quick refresher, the lophir trade consists of selling 30DTE 30/15 delta put credit spread x2 and buying a 40/22 delta put debit spread x 1. All of these trades are net credit. You may notice me tweaking delta and DTE at times. My goal is to make some quiet money on a low maintenance trade.
STO +5 1/-2/-1/2 SSO Sep21 124.5/123/120.5/118 PUT/PUT/PUT/PUT @ .55 credit. GTC order to close at .17
STO +4 1/-2/-1/2 TQQQ 100 Sep28 68/65.5/63/60 PUT/PUT/PUT/PUT @ .60 credit. GTC order to close at .18
Buyer beware. These trades are in the experimental stage. Current plan is to cut the delta in half when price hits the profit peak on the risk graph and cut it in half again when it hits the breakeven price or close the trade if it’s near expiration. Our backtesting indicated that we wouldn’t need to manage often but live trading can make a liar out of backtests.:-)
TRADES:
:
$ROKU BTO 3X This morning avg. price 63.33
$TNDM STO 9/21/18 45.0 CALLS @1.05
#shortputs #closing ESPR August 22,…
#shortputs #closing ESPR
August 22, followed honkhonk81 into ESPR, sold Sept. 21, 40 put for 1.77, bought today for .51.
Unrelated but need TSLA above 320
Options Bistro 