#shortputs
This morning rolled my Aug 10th 37 Puts out to Aug 31st for .90 credit.
#coveredcalls
Sold TWTR 34 Calls at .15 Slowly chipping away at the basis.
Recent Updates Page 301
#spxcampaign Sold to open Aug…
#spxcampaign Sold to open Aug 17th 2760/2780 BuPS for 1.00 when SPX was at 2839.99. Im doing a 1 week trade as I will be taking a week off after the 17th.
ROKU
Sold the call in my ROKU earnings strangle for 5.70. Bot the strangle for 2.03. Nice 148% profit. Lucky but nice nonetheless.:-)
#earnings
WYNN
STO January 2019, 110 puts @.81 with stock trading at 148
RTN
STO August 17, 200 calls at .73, against my 2020,195 calls in 2020. I have the 200 calls that will expire today so just replacing them early.
OLED, falling knife
BTC September 70 puts @.05, sold at 1.85, closed a month early.
#ironcondor TSLA Sold Sept. 21…
#ironcondor TSLA #shortputs #rolling AAOI
TSLA Sold Sept. 21 235/245/420/430 for 1.27
AAOI Rolled Aug. 17, 40 put sold yesterday to September 18 for 1.76.
AMZN
STO August 17, 1780/1800 bull put spread for a credit of .48 cents.
OLED covered call
#CoveredCalls Sold $OLED Aug 17th 120 covered call for 2.00
ROKU Earnings
#Earnings #JadeLizard – Just to close the books on this…Jade Lizard with 50/51 on the call side and stock obviously blew through that. Closed those for .98 so picking up 2 cents and saving exercise fees. Originally sold for 1.35 so net gain of 37 cents.
See you next quarter!
Good Morning
Thought for the day
Save the earth….. It’s the only planet with chocolate!
We missed again
#VIXIndicator The $VIX avoided an Upside Warning again… clock restarts, we need three consecutive closes below 11.20 (11.19 or lower).
Rolling IQ and AAXN
#shortputs
Rolled
$IQ BTC 8/17 35 put at 5.53 and STO 9/21 35 put at 6.33
$AAXN BTC 8/17 65 put at 5.00 and STO 9/21 35 put at 6.00
#pietrades and #optionsexpiration Fragmented trading…
#pietrades and #optionsexpiration
Fragmented trading day here. They were working on lines near our house and internet kept going in and out which will explain my weird WDC trade.
WDC, keeps going down. Converted to LEAP #fuzzy earlier in week. Was trying to roll to next week at 70 but because of the internet issues it somehow rolled to 66. Ok so took in a lot of cash but then the internet went down for a few hours. Of course during that time WDC reversed so was losing $ on the new trade and deltas were already flat. So rolled out to 43 DTE and up to 70. Took in 1.32 on the 66 call but had to buy them back and roll for 1.02 debit. So anyway after all that, now have the 60 LEAP 70 43 DTE call spread for cost basis of 19.03. If we rebound will buy back 2-3 of the short calls to let it run. Break below 65 will collar it to prevent further losses. As long as it stays 65-70 should break even in about 6-8 weeks.
MU 55/54 diagonal looking ok. Cb 12.43.
EOG 43 DTE 115 put cost basis at 113.20.
TQQQ batch 1 will assign tomorrow at 60 for a 2.21 gain on each contract. Reset Monday, hopefully after at least a little pull back.
TQQQ batch 2 will assign at 59 for 1.75 gain per each contract. Both these are nice 2 week pay checks! Reset Monday.
AMAT batch 1. Rolled 47 cc out a week for 0.52 credit. Cb now 49.24. A few more weeks of rolling then will reset as #pietrade again.
AMAT batch 2 rolled 47 cc out a week for 0.5 credit. This is showing a profit of 0.81 per contract but may keep rolling if it stays in range.
XBI 87/96.5 and 95/96 #fuzzy. Waiting for more decay and will roll next week. Cost basis of 8.62 on first batch and 5.1 on second.
SPX #hedge 2550 put has lost a lot already but gained 0.15 late in the day. Currently 1.75, bought for 2.9. Hope I don’t need it but will roll it at least a week before it expires and change it to a back ratio or risk twist to limit costs. That will be a more efficient hedge.
Hope everyone is having a good week and expiration. Some new trades will be added Monday.
WTW Earnings
#Earnings #CoveredCalls – My final adjustment. I’ll be taking stock at a basis of 79.16. I’m a little bearish thinking this thing is headed for the 200ma. Selling my covered calls ITM a couple weeks out for max downside protection while lowering my basis quite a bit.
Bought to Close WTW AUG 10 2018 80.0 Calls @ .12
Sold WTW AUG 24 2018 75.0 Calls @ 4.13
Stock basis now 75.15 covered with 75 strike calls. I’ll be able to let the stock go near even or roll one more time for a small profit. If it keeps dropping I’ll keep selling slightly ITM until we see a bounce…
The market
The market in vacation, very slow
Afternoon
#ShortPuts, #Coveredcalls
Rolled my Aug 64 Put out and up to Aug 17th 65 Put for .55 credit
Covered NUGT with Aug 17th 22 Calls
Covered MU with Aug 17th 55 Calls
Sold to open AAOI Aug 17th 40 Puts @ .88.
#dividends #shortcallspreads #rolling #earnings AAPL…
#dividends #shortcallspreads #rolling #earnings AAPL
I sold a Sept. 170/175/205/210 #ironcondor for AAPL earnings. AAPL is ex-div tomorrow, not certain someone would exercise the 205, but rolled it to Oct. 210/220 for .92
LABU
#ShortPuts #IRA – With the market up here it’s a good time to book some of these types of positions. Need to free up some buying power too.
Bought to Close LABU SEP 21 2018 60.0 Put @ .45 (sold for 4.70)
Bought to Close LABU SEP 21 2018 55.0 Put @ .24 (sold for 3.50)
#longcalls GLD Followed one of…
#longcalls GLD
Followed one of those e-mail trades from TastyTrade’s Tom Preston, bought Sept. 113/116 call spread for 1.75.
CAH
#ShortPuts #IRA – Adding this to the divvy possibilities. It’s in a big squeeze…not sure which way it’s going but starting to look more bullish. Either way yield 4.5% down at the 43 level.
Sold CAH JAN 18 2019 45.0 Puts @ 1.95
ALRM Early Close Short Put / More TRTN Covered Calls
#shortputs
Closed Early
$ALRM BTC 8/17 40 put at .03. STO 7/23 at .70
#shortcalls
$TRTN STO 8/17 35 calls at 1.50 Second of three tranches covered.
Two down…
#VIXIndicator …one to go. A $VIX close below 11.20 tomorrow will mean an Upside Warning, indicating a high chance of a rally to new all-time highs on the $SPX. The third day is where we failed in both late February and late May, and then new Downside Warnings hit on the fourth days.
STMP
https://thefly.com/landingPageNews.php?id=2774427&headline=STMP-Stampscom-discloses-risk-that-USPS-may-renegotiate-compensation-arrangements
CMLViz backtesting
Here’s some info if you’re interested. https://vimeo.com/238690559
#shortputs #closing NKTR Closed profitable…
#shortputs #closing NKTR
Closed profitable Aug. 17, 50 put and Nov. 30 put, earnings tonight.
ROKU Earnings
#Earnings #JadeLizard – Trying the Lizard again. Selling the upside pretty tight at half the expected move allowing put sales outside the expected move. No upside risk with breakeven down at 39.15 (not that that’s really safe…LOL)
Sold ROKU 40.5/50/51 Jade Lizards @ 1.35
#shortstraddle #earnings YELP Sold Sept….
#shortstraddle #earnings YELP
Sold Sept. 21, 38 straddle for 5.80. YELP has had some big moves.
NWL falling knife
STO December 17 puts @.45 cents with stock trading at 20.69
ROKU Earnings
I’m doing something a little different here.
BTO: 1,000 shares @46.25
STO: Aug 10 46.5 calls @ 3.40 x10
BTO: Aug 24 43 puts @2.67 x12
EM up = approx $1400 profit, EM down = approx $200 loss Max loss= approx $700 No upside risk, Diagonal-type risk graph, $3000 max profit on no movement.
#shortputs #closing JCI March 12,…
#shortputs #closing JCI
March 12, sold a 37 put for .59, was a down day but still bad timing, rolled it April 3 and July 6, bought it today for .19, making 127. I wish I could claim a successful #pietrade but that isn’t what happened.
#shortputs #closing #fallingknife VRNS July…
#shortputs #closing #fallingknife VRNS
July 31, sold Dec. 21, 50 put for 2.05, bought today for 1.00, VRNS had a big drop after earnings, working its way back.
XLE
#IronCondors – Another Whiz trade…just a one lot but still experimental. I think he did about 150 of them.
Bought to Close XLE AUG 10 2018 73.5/74.0/77.0/77.5 Iron Condor @ .04 (sold for .27)
WTW Earnings
#Earnings – Sold WTW AUG 10 2018 80.0 Calls @ .90
Now sitting 83/80 inverted @ 3.84 total credit.
Still wanting the stock in between the strikes at expiration to hopefully make the .84
#shortstrangles Z Followed from tastytrade…
#shortstrangles Z
Followed from tastytrade sold Sept. 21, 45/55 for 1.75, Z is at 50.
AMZN
#BullPutSpreads – This is a Whiz trade that he put on when AMZN was trading slightly above 1800. I didn’t get filled that day but when AMZN dipped well below 1800 I sold the same strikes but ITM. He called the bounce and he sure was right this time. I’ve been experimenting with some of his trades with one lots just to get used to the style. I may ramp up the volume a little eventually.
Bought to Close AMZN AUG 17 2018 1800.0/1797.5 BuPS @ .15 (sold for 1.31)
TSLA
#LongCalls #LongPuts #LEAPS – It was an interesting experiment trading both sides. I think it could’ve worked but with all the crazy stuff going on I’m completely out. Taking a loss but luckily had captured a bunch of premium already. Normally I would stick it out and try to get to even but this is one of those cases where I think putting the cash to work elsewhere is the best for me.
Seems like I have one clunker every year…CMG in 2016 and REGN in 2017. One big loss that’s only partially offset by other winners within the ticker. Same here…loss that wipes out my TSLA 2018 gains plus a little more. But, that’s why you stay small in these types of positions.
Closed my put side yesterday with the final numbers being a 5.27 loss on a 2 lot.
Closed my call side today with the final numbers being an 18.30 loss on a 2 lot.
The cash will be deployed elsewhere and I’ll get that back…LOL Might even sell some TSLA spreads. BTW…I still like the cars and love the Space X program. Not particularly a fan of the Muskie though!
TSLA
Many people preparing to sue Musk, unfortunately, most of us are/were trading options
#pietrade conversion to #fuzzy Sold…
#pietrade conversion to #fuzzy
Sold WDC for 67.16 against cost basis of 72.34. BTO 60 leap in 2020 for 14.15 bringing new cost basis to 19.33. With 73 weeks left only need to collect 0.27 per week to cover. Already short the 70s 16 DTE.
Freed up 60k in margin for other uses.
I will be doing this a lot more with #pietrades that go way ITM. Much cheaper way to stay in the trade, less to lose, less to make up and plenty of time to do it.
Question for @fuzzballl since you do the most of these. On an annualized basis what are realistic returns for these? I personally come close to 100% but may not be managing them the best.
TSLA
Downside Warning finally canceled
#VIXIndicator Third time’s a charm for an Upside Warning? Two more closes below 11.20 and we’re golden.
Account Thinning Out Thanks WTW / Closed Early TRTN Short Puts AAXN Calls
#earnings
$WTW trades both under water. Is that like water boarding?
#shortputs
$TRTN BTC 8/17 35 put at .30. STO at 3.70 on 7/18. Thanks to @thomberg1201 for bringing the stock to the bistro
#shortcalls
$AAXN BTC 8/17 80 call @.70 Sold for 2.25 Half position. The covered became uncovered as a trailing stop got hit.
#shortputs #closing AMAT June 7…
#shortputs #closing AMAT
June 7 sold July 20, 48 put for .81, June 28, rolled it to Aug. 17 for 4.19, basis of 153.93, bought today for .63
TSLA started trading
TSLA started trading at 382. What is the best way trading it?
#shortputs #pietrades DOCU July 9,…
#shortputs #pietrades DOCU
July 9, sold July 20, 55 put for 1.95, July 19 rolled it to August 17 for 4.27, bought today for .50, will look at it again after earnings.
TQQQ
I am back in this long term trade.
BTO January 2020 66.67 calls @ 17.00
STO August 17, 69.5 calls @ .55 cents.
I need .23 cents per week to break even and 75 weeks to go.
TSLA
I always say I will never trade anything except SPX. Today I did the mistake by trading TSLA. No one expect Mr. Musk decide to buy the company after Saudi’s gave him 1 billion. Damn both.
SPX Trades
BTC Aug 24th 2725 Short puts, @ 2.20, sold prev @ 9.35
Closes that weekly trade out at +9.60…..
BTC Sept 7th 2725 short puts at 5.50, sold prev at 13.00
resold the same puts for 5.40 for the rest of the prem they have….
BTC sept 14th 2725 short puts at 7.50, sold prev for 16.00
Resold the same puts for another 7.40 in premium..
TSLA
it seems they stopped trading TSLA
TSLA
#LongCalls #LongPuts #LEAPS – Trading both sides. Not willing to risk Muskie actually being serious about the buyout. Calls were already ITM so rolling them out and above my long 2020’s until things calm down.
Rolled TSLA AUG 31 2018 292.5 Calls to JAN 17 2020 360.0 Calls @ 4.24 debit
These had 32.56 of credit in them already so that reduces to 28.32. Had already reduced the basis in the long calls by quite a bit. A quick look at the numbers shows:
Long 2020 350/360 BeCS @ 23.30
If the buyout were to actually happen it would be a 13.30 loser but that’s better than without the roll. I’ll continue selling the put side for now.
#shortputspread SHOP Sold Sept. 21,…
#shortputspread SHOP
Sold Sept. 21, 115/125 for 1.25, SHOP is at 142, looks like it has stabilized after a drop from 176 over the last 2 weeks.
Also Tesla starts hiring for…
Also Tesla starts hiring for new $2 billion Shanghai plant
#fallingknife Z is down 14%
Z is down 14%
TSLA
what is happening to TSLA, +15 points
Early #pietrade rolls. Market giving…
Early #pietrade rolls. Market giving some gifts so taking them early.
MU 55/53.5 #fuzzy rolled the 10 DTE 53.5 call up to 54 and 1 week out for 0.19 credit. Cb now 12.43. Almost recovered all the earnings losses. 2 more rolls should break even then will keep it going for profit.
WDC 10 DTE 69.5 CC rolled out a week and up to 70 for 0.11 credit. Cb now 72.34. A few more weeks to break even but may convert to a #fuzzy before then.
EOG wild 4 days ride. Down almost 5 when I sold the 43 DTE 112 outs for 1.29. Now back up and they were down to 0.60 so rolled out to new 45 DTE 115 for 0.5 credit. cb 113.2 if assigned. This was planned as a 3 week trade but made 50% in less than a week so will take it.
Sitting on my hands until Thurs. now.
WTW earnings
I just wanted to show y’all how well this trade performs for earnings. WTW has been down as much as almost 15% today, yet my trade is profitable. On top of that, since it is in the “second step” I have a max profit of $1013 to shoot for. My target profit is 1/2 of max. If there is a whipsaw recovery on this stock, my max profit doesn’t drop below $505 (no upside risk).
WTW
#FallingKnife ? – Might be starting a bounce here…
UVXY
#ContangoETFs – New lifetime low….c’mon Mr. Market give us a 1 for 10 this time!
#coveredcallcampaign MET sold Sept. 47.50…
#coveredcallcampaign MET
sold Sept. 47.50 call at .84
#shortcallspreads TSLA From Tradewise ,…
#shortcallspreads TSLA
From Tradewise , their usual 2.5 wide spreads, sold Aug. 31, 357.50/360 call spreads at .90.
BABA
#LongCalls #LEAPS – Started this yesterday as a non-ratio. Approaching negative deltas so rolling out and up. Negative deltas a second time and I’ll book it and move on down the road. This is all still prior to earnings…
Rolled BABA AUG 10 2018 180.0 Calls to AUG 17 2018 182.5 Calls @ .13 credit
TWLO WTW Earnings
#Earnings #ShortStrangles – Small positions on not very expensive stocks so I’ll hang on and trade ’em for awhile. I’m great at picking the ones that move 15 or 20 percent on 70 dollar stocks… 🙂 🙂
=====================================================================
TWLO:
56/72 Strangles and the call side has been threatened so selling some additional puts…
Bought to Close TWLO AUG 10 2018 56.0 Puts @ .02
Sold TWLO AUG 10 2018 71.0 Puts @ 1.10
Now holding 71/72 Strangles @ 3.19 for this week
=====================================================================
WTW:
Similar to TWLO but in the other direction.
83/101/103 Jade Lizards and the put side has been threatened so selling additional calls…
Bought to Close WTW AUG 10 2018 101.0/103.0 Bear Call Spreads @ .02
Sold WTW AUG 10 2018 86.0 Calls @ .85
Now holding 83/86 Strangles @ 2.94 for this week
Smoother sailing?
#VIXIndicator Monday’s close on the VIX was the lowest since January 23rd, before this whole mess started. And we’re rallying in pre-market, with VIX hitting a low of 10.90, which is the lowest low since Jan 24th.
GOOGL BUPS Closed Early At The Bell
#shortputs
$GOOGL BTC 8/17 1115/1125 BUPS at .10 STO on 7/23 at 1.70
MTN DBX CRM Covered Calls / FB Short Puts / Rolled KEM Short Puts
#coveredcalls
$MTN STO 8/17 290 call at 2.00
$DBX STO 8/17 31.5 call at 1.00
$CRM STO 8/10 144 call at .70
#shortputs
$FB STO 9/17 60/180 BUPS at 3.70
Rolled
#shortputs
$KEM BTC 8/17 27 put and STO 9/21 27 put at additional .60
WTW Earnings
#Earnings #JadeLizard – Staying small…just a couple. Puts at the expected move and calls just inside the expected move with no upside risk…
Sold 83/101/103 Jade Lizards @ 2.11
TWLO Earnings
#Earnings – High IV so gotta sell something. Basic strangle sales near the expected move and skewed slightly to the upside.
Sold TWLO AUG 10 2018 56.0/72.0 Strangles @ 2.11
AMZN
STO August 17, 1975/1995 bear call spread @ .25
Watching WTW Earnings / Close Early AMZN
#earnings
$WTW STO 8/10 89 puts at 3.80
$WTW STO 8/17 91/93 BUCS @ 1.00 Hope to fatten account
Closed Early
#longcalls
$AMZN STC 8/17 1725/1750 BUCS at 23.75 BTO at 10.82 on 7/5
Taking some more risk off
Bought to close:
$ARNC Oct 19 16 puts @ .10. Sold for .80 on 4/30
$ARNC Oct 19 17 puts @ .16. Sold for .74 on 4/30
$FB Aug 17 170/160 BuPS @ .17. Sold for 2.20 on 7/26
$CPB Nov 16 31 puts @ .18. Sold for 1.10 on 5/18
$CMI Sep 21 115 put @ .16. Sold for 1.40 on 2/8
$ABBV Nov 16 75 puts @ .43. Sold for 1.44 on 6/25 and 1.73 on 7/20
$AZO Dec 21 500 put @ 2.25. Sold for 11.60 on 5/22
$GIS Oct 19 40 puts @ .27. Sold for 1.40 on 3/21
$GUSH Sep 21 70 calls @ .03. Sold for 1.10 on 7/9
$GUSH Sep 21 62 calls @ .15. Sold for 1.60 on 6/22
$GUSH Sep 21 57 call @ .30. Sold for 2.50 on 5/16
CLX
BTC October 95 puts @.05, sold @ 1.10
Morning
#Shortputs
Sold TQQQ Aug 10th 64 P @ 0.65 x 1
Sold ERX Aug 10th 37 P @ .65 x 2
SHAK/WTW earnings
SHAK closed for over target, $315 profit on #stairstep
WTW: Opened Stairstep for earnings today. STO Sep 70 put @.95×10, BTO Sep 90/85 put debit spread @ 2.17 x 2, BTO sep 80/75 put debit spread @1.14 x 2. Break even is $68, 25% down from current spot.
These trades are 100% winners so far
BABA
Rolled August 17, 210 calls out to August 24, 205 calls for a credit of .58 cents. These are against my January 2019, 200 calls. Not my best trade but, I hope to get out with a small profit before the end of the year.
Gartman
He says that they were clearly wrong on being short of the market. Now I think we could get a down week. LOL
Options Bistro 