BTC September 21, 80 puts @.05, sold as a falling knife at 3.30 on a small trade of 2 contracts.
Recent Updates Page 303
#shortputs C sold Sept. 21,…
#shortputs C
sold Sept. 21, 67.50 for .79.
SPX calls sold
#SPXcampaign. Back in the game again! Sold $SPX Aug 31st 2860/2885 call spreads for 6.70. I was waiting for an Upside or Downside warning before throwing on my first spread in weeks.
BABA
#LongCalls #LEAPS – Earnings next week so I may adjust this call sale between now and then. Non-ratio so still looking to exit on negative deltas…
Bought to Close BABA AUG 17 2018 182.5 Calls @ .32 (sold for 2.20)
Sold BABA AUG 24 2018 180.0 Calls @ 3.37
FB Short Puts Close Early / Covered Call ALRM AAXN/ AMZN Calls Closed
#shortputs
Closed Early
$FB BTC 8/17/155/165 BUPS at .05 STO at 1.80 on 7/26
#coveredcalls
$ALRM STO 8/17 52.5 calls at .25
$AAXN STO 8/17 65 calls at .40
Looking to empty my positions while making dinner money.
#longcalls
$AMZN STC 8/17 1820 calls at 97 BTO at 68. Still have a few left. I probably should have closed them all.
Trades
Catching up on posting from the last 7 days…
TODAY (Monday)
#CoveredCallCampaign
Sold $AAPL Aug 24th 202.5 #CoveredCalls for 7.00. This replaces the Aug 17th 202.5 calls I closed last week for 7.40, to avoid being called away on the ex-div date. I’m rolling ITM calls after earnings trade got breached.
Sold $SQ Aug 24th 76 call for 1.25, and Aug 31st 76 calls for 1.23
#SyntheticCoveredCalls
Sold $PYPL Aug 31st 90 calls for 1.10. A roll-up from Aug 24th 87.5 calls stopped last week.
#PieTrades
Sold $MU Aug 24th 53 covered call for .85. #PieTrades
LAST WEEK
#Rolling #StrangleRoll $TSLA Aug 17th 332.5 calls to Aug 17th 332.5/335 strangles for .65 credit. Will roll soon to avoid early assignment.
#Earnings Bought $YELP Aug 10th 38.5 #LongStraddles for 4.94. Sold the calls next day for 9.95. This trade usually works on YELP.
Stopped $FB Aug 24th 187.5 covered calls for 3.85. Rolled to Aug 31st 180/195 strangles for 3.83. Looks like I got stopped at the top. #CoveredCallCampaign.
#PieTrades Rolled $AMAT Aug 10th 46.5 covered call to Aug 17th 46.5 for .30 credit.
#VXXGame Closed $VXX Sep 21st 50 call for .46. Sold for 5.65 on April 17th.
Downside Warning AGAIN
#VIXIndicator. 2018 is the year of the rollercoaster. Today’s close triggered anther warning for potential drops in the market.
#earnings #ironcondor HD Sold Sept….
#earnings #ironcondor HD
Sold Sept. 21 170/180/210/220 for 1.17
#pietrades and trying to get…
#pietrades and trying to get some theta decay back, almost went negative on the core account.
New trades
TQQQ lot 1 65 cc expires this Friday for 63.88.
TQQQ lot 2 65 cc expires this week for 64.13.
SPX hedge, STO some 11 DTE 2550 puts to offset the decay loss on the long hedge. Sold for 1.1 dropping cost basis to 1.80. Should also be able sneak in another sale and then roll as calendar, back ratio, or risk twist. Still playing around with the most efficient hedge.
Sea of red in my core account (of course the most important one) but the other accounts theta is doing its job. After I clear out the WDC, MU earnings drops will be moving more toward ETFs to limit some of the single stock risk that keeps being affected by tweets. SMH will give coverage to that sector with decent premiums.
Not going full directional or advertising for them but alphashark has a new tool that picks up reversals very well. Currently it is $259, increases to 999 soon. Installed it last night. Have to adjust settings based on ATRs but seems like it works well. Seems to nail the reversal within a half bar on any time frame. Added it to some of my other indicators and will post some trades with it after I use it for a while and figure out the settings.
#shortstrangles TUR Lots of attention…
#shortstrangles TUR
Lots of attention on TUR at TT. Sold Sept. 21 16/23 strangle for 1.30.
Time for turkey jokes.
QQQ calls
The Nasdaq is near resistance. Sold $QQQ Sep 21 186/196 bear call spread for 1.39. Delta of the short strike around 30.
Dec DUST
Sold $DUST Dec 21 45 calls @ 1.25. Highest strike.
Econ Calendar for week of 8/13/18
A very light week with…
A very light week with a number of retailers reporting next week as Earnings season winds down.
+++++++++++++++++++++++++++
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:
SYY, TSG
Notable Earnings PM Mon:
HUYA, SWCH, VIPS, YY
Notable Earnings AM Tues:
AAP, ARRY, BZUN, CDK, CSIQ, EAT, EYE, GDS, HD, TPR
Notable Earnings PM Tues:
A, CASA, CGC, CREE, MYGN, WPM
Notable Earnings AM Wed:
M, PFGC
Notable Earnings PM Wed:
CSCO, NTAP
Notable Earnings AM Thurs:
DESP, JD, WMT, WUBA
Notable Earnings PM Thurs:
AMAT, JWN, NVDA
Notable Earnings AM Fri:
DE
Notable Earnings PM Fri:
None
CRM Called Away
#assignment
$CRM Shares called away at 144. Basis 122.10
LITE BUPS Closed Early / AAXN Short Calls Closed Early
#shortputs
Closed Early
$LITE BTC 8/17 50/55 BUPS at .30 STO 7/16 at 1.25
#shortcalls
Closed Early
$AAXN BTC 8/17 80 calls at .05. STO at 2.25 on 7/23
SPX Campaign / Rolled MZOR puts
#spxcampaign
$SPX STO 8/24 2760/2785 at 2.70
#shortputs
$MZOR BTC 8/17 70 puts and STO 9/21 70 puts at an additional .04 credit. Yes Four Cents. But I get 4 weeks.
NVDA
#ShortPuts #IRA – Freeing up some more room in an #IRA. Earnings on this one next week so maybe get a chance to sell it again.
Bought to Close NVDA JAN 18 2019 150.0 Put @ .67 (sold for 4.40)
#fallingknife MCHP is down 11%…
Selling some premium in TSLA
Selling an iron condor with a body width of 100 points in September. Lots of uncertainty with this stock so there’s good premium out of the money. Short strikes are near 20 delta. Risking 6.70 to make 3.30. If this makes a strong move in either direction I’ll roll the other side in for additional credit.
Sold $TSLA Sep 21 290/300/400/410 iron condor @ 3.30.
Market
Is this the start of something bigger or just the weekend selling?
TQQQ
In my IRA, I bought the 2020, 66.67 calls and sold the August 17, 69.5 calls for a net debit of 16.05 so need .22 cents per week to break even.
AMAT ERX
#LongCalls #LEAPS – A couple rolls today…
AMAT:
Earnings next week…
Bought to Close AMAT AUG 10 2018 48.5 Calls @ .03 (sold for 1.60)
Sold AMAT AUG 17 2018 49.0 Calls @ .86
ERX:
Bought to Close ERX AUG 10 2018 37.0 Calls @ .05 (sold for .60)
Sold ERX AUG 24 2018 37.0 Calls @ .75
$Hegdavis WDC WDC, keeps going…
$Hegdavis
WDC
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.
As WDC is starting to break below 65, at which point would you consider a collar? Just closed out the short 08/17 70 @ 0.05 so just holding the 60 LEAP. Would appreciate your advise with this.
#shortputs This morning rolled my…
#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.
#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.
Options Bistro 