ROKU #Coveredcalls With ROKU down at the 20dma and possibly poised to go lower I bought to close my 7/27 50 calls @ .15, originally sold for 1.15 and sold the 7/27 46 calls @ 1.18. My original entry on the stock was 46 back on 6/30 from an assignment. I will probably take assignment here if it happens and look to sell Puts lower down on the food chain.
Recent Updates Page 319
LABU roll
BTC August 10, 102 calls and STO August 17, 103 calls for a credit of .30 cents
Moving from ratios to fuzzies
Due to low IV, I’m moving to fuzzies for my core trades. On Friday, I closed my ratio trades: DIA FAS IWM PANW RHT SSO TQQQ TWTR XLY all for profit except TWTR. I was able to roll long call deltas down multiple times to collect income on most of these trades. It was a good run in July.
Opened new fuzzies yesterday, Aug24 expiration: DIA, IBB, IWM, QQQ, and SPY. Will reset these positions when core is double the debit paid.
Life is busy so not posting the specifics of all these trades. Most of you know the drill on income trades better than I do. Questions? Please ask.
BA Earnings
STO Sep 310 put @2.06 x5
BTO Sep 340/325 put debit spread @3.33 x1
BTO jul 27 330 p @ .44 x 3
This is a similar trade to LMT yesterday, but resolves the T+1 line drop. If there is a radical drop in BA the breakeven due to the extra Jul 27 puts is all the way down to 276, 23% down from spot.
I’m honestly not entirely sure how this will really play out…I’ll report on it!
SPX Trades
BTC 2 ea Aug 24th 2680 short puts, at $6.40…Prev sold at 16.50
gain at 60%
STO aug 24th 2725 short puts against teh long side from above, at $9.35
TQQQ bought to close my…
TQQQ bought to close my 7/27 63 Put @ .25. Sold 7/19 @ 1.05. Will reload at a better entry
TQQQ (again)
#LongCalls #LEAPS – Trading around this one again. Looking to reduce some of my positions so booking some profits. It was a 3×2 ratio so taking it off on the bounce today.
Sold to Close TQQQ JAN 17 2020 60.0 Calls
Bought to Close TQQQ AUG 3 2018 57.5 Calls
All said and done a 1.49 winner on the 3 lot. A great year in TQQQ so far…
GOOGL supercharger
Now the post-earnings fun begins. When GOOGL rallies 3% or more after earnings, it’s very likely to continue moving up for the next 2 to 4 weeks. Historical patterns. I love them.
Bot GOOGL Jul27 1240/1250 BuCS @ 7.79. GTC order to sell @ 9.40
Adjustment plan: If GOOGL moves below 1250 on a close, I will roll my short call up to transform this trade into a BeCS or add a call credit spread to create a fly. Thanks @smasty160!
#supercharger
Trading gods smile upon me
#Earnings #ShortStock. In LAX for our connecting flight to Tokyo. Closed the second half of the $SNA short stock for 166.89. Assigned Friday at 170… closed half yesterday for breakeven, but this second lot turns it into a higher profit trade than originally expected. Nice drop on an otherwise strong day for the market.
#assignment TWTR Way back in…
#assignment TWTR
Way back in 2014 when I had no idea what I was doing and was losing money being so called “mentored” in options, (but mostly mentored in self promotion) I was assigned 300 shares of TWTR, 200 at 30 and 100 at 32 and down it went from there, this was a decent percentage of my account at that time as well. I sold a lot of options trying to dig out over the years. I only had 1 call sold when it popped in February so I sold 200 shares and rolled a 25 call to July. The shares were called away of course, ending the TWTR saga. All in all I made $64 on TWTR! Maybe not the best use of capital but I didn’t lose any of that money as I was learning, still learning thanks to the gang here. Let’s see, TWTR earnings are Friday hmmmm
Pre-earnings update
As mentioned earlier, I take profits on these trades on big green days.
Out last round of BA for 10%
Out CAT, INTC, and SHOP for 40% profit
Out 60% of EOG for 50% profit
Out BABA for 115% profit (held less than 24 hours)
Out WYNN, the struggler, for average profit of 15%
Still in AET, EA, EOG, TTWO. Watching several for a second round and watching AZO, ADSK, and CRM for a first round.
#preearnings
#earningsrunup
WHR
STO December 105 puts @1.35
EOG Sold 1 of my…
EOG Sold 1 of my 3 long calls @ 1.55.
CELG
BTC September 65 puts @.10 cents, sold at 1.35, Why wait another 8 weeks for 10 cents.
Good Morning
Good Morning
Good morning- does anyone have…
Good morning- does anyone have a suggestion for learning ratio back spreads and how to use them for earnings?
WFC
BTC September 45 puts @ .05, sold at 1.08
Short Calls FSLR / Short Puts ALRM EXAS / Closed Early TRTN Calls
#shortcalls
$FSLR STO 7/27 55 calls at 1.35 (covered)
#shortcalls
$TRTN BTC 10/19 40 calls at .20 STO 3/22 at 2.01 Thank you @thomberg1201
#shortputs
$ALRM STO 8/17 40 put at .70
$EXAS STO 7/27 68 put at 2.20
Closing long term UVXY call
Taking the 80% now.
Bought to close $UVXY Jan 17 2020 33 call @ 2.00. Sold for 10.00 on 11/15/17.
Closing Aug GUSH
Bought to close $GUSH Aug 17 55 calls @ .15. Sold for 1.10 on 7/6.
SPX Campaign Closed Early
#spxcampaign
$SPX BTC 7/25 2855/2830 BECS at .40 STO on 7/16 at 2.25 Thank you @jeffcp66
$SPX BTC 8/3 2575/2625 BUPS at .40 STO on 6/29 at 5.00 Thank you @hcgdavis
#shortputs #shortcalls IQ STO 7/27/18…
IQ STO 7/27/18 31.0 PUTS @.50
ROKU STO 7/27/18 51.5 CALLS @.52 A same expiration roll our of my 53.5 calls that I btc earlier for a .35 credit.
Short Calls TWTR AAXN / Short Puts KEM AAXN / Long Calls AET
#shortcalls
$AAXN STO 8/17 80 calls at 2.25 (covered)
$TWTR STO 7/27 45 calls at 1.90 (covered)
#shortputs
$KEM STO 8/17 27 puts at 1.10
$AAXN STO 8/17 65 puts at 1.45
#longcalls
$AET BTO 8/3 190 calls at 1.75 Thank you @kathycon
LMT pre-earnings closed
#PreEarnings Sold to close $LMT July 27th long 330 calls for .85. Bought for 1.40 last week. Small loss on this batch, but with previous call spreads included I netted 5.90 profit on multiple spreads in multiple accounts. Thanks for leading the way, MamaCash!
SPX puts closed
#SPXcampaign Closed $SPX July 25th 2750/2725 put spreads for .20. Sold for 4.50 on July 11th.
Snap judgement
#Earnings #ShortStock Covering $SNA short stock, assigned at 170 on Friday. I have covered half, buying to close at 171.40, which makes that batch breakeven since the earnings strangle was sold for 1.40.
Leaving the rest for hopefully lower prices.
NTGR
STO December 55 puts @ 1.70
BIIB earnings
#Earnings Sold $BIIB July 27th 300/415 strangles for 2.40.
FIVE-DAY MOVES: Biggest UP move: 9.5%, Biggest DOWN move: -16.9%, Average move: 5.7%. These strikes are +15.9% and -16.2% OTM.
AVGO
#LongCalls #LEAPS – Well that didn’t take long….negative deltas for a second time so booking it. Sold first batches of weekly calls aggressively and non-ratio’d just in case there was no bounce. Since it got the bounce I’ll take the quick 10 day winner.
Sold to Close AVGO JAN 17 2020 210.0 Calls
Bought to Close AVGO AUG 3 2018 212.5 Calls
3.45 winner on a big ‘ol 2 lot…
#shortcalls IQ STO 7/27/18 34.0…
IQ STO 7/27/18 34.0 CALLS @.70 ntm Will buy stock to cover if necessary.
TQQQ
Rolled July 27 55 calls to August 3, 55 calls for a credit of .15 cents. I was not able to pick up a better strike price this time but did get some premium. We need a correction.
#shortputs #fallingknife FYI NTGR down…
#shortputs #fallingknife
FYI
NTGR down 10%
PZZA down 8%
SXT down 8%
LII down 4%
Closing AVGO
Bought to close $AVGO Aug 17 200/190 BuPS @ .65. Sold for 2.33 on 7/17.
#BuPS AVGO BTO 7/27/18 210.0…
#BuPS AVGO BTO 7/27/18 210.0 PUTS @.65
AVGO STO 7/27/18 215.0 PUTS @2.07
Hi Mr. T. ;>)
LMT Earnings
STO Sep 280 put @1.35 x5
BTO Sep 305/295 put debit spread @2.12 x 1
Break even: 277.08 13.3% down from spot, 5x expected move
IBB fuzzy
The intent of this trade is to capture potential earnings pops from the top components in IBB.
Bot IBB Sep21 119c/-119p/116p @ 2.26. Unhinged.:-) First layer.
A TRADE:
TNDM BTO STOCK @27.60 & 27.82
BABA CAT AET
Added a few more small pre-earnings positions. After this week, watching AZO, ADSK, and CRM.
Bot CAT Aug3 139c @ 2.45
Bot BABA Aug3 190c @ 1.95
Bot AET Aug3 190c @ 2.10 (wide bid-ask so riskier trade but good historical pattern)
#preearnings
#earningsrunup
GOOG pre earnings
Took five small long positions in GOOG for pre earnings momentum. Closed the last three today for a loss. Date shown is when I entered the trade. All were Jul27 expiry.
Jul2, Call credit spread, 10%
Jul2, Call credit spread, 27%
Jul2, Call credit spread, -35%
Jul9, Call credit spread, -35%
Jul12, Put credit spread, -11%
SWKS Sep puts
Sold $SWKS Sep 21 85 puts @ 1.20. Delta 18. Strike is below the May lows.
AVGO
#LongCalls #LEAPS – Reaching negative deltas so rolling out and up. Negative deltas a second time and I’ll book it as a short term win.
Rolled AVGO JUL 27 2018 210.0 Calls to AUG 3 2018 212.5 Calls @ .15 debit
HAL post-earnings
Sold $HAL Jan 18 2019 38 puts @ 1.49
#FallingKnife
NFLX
Did well on Friday selling numerous BeCS, only the 360/405 got me called away naked shares. Today I bought half pre-market 359.50 with a follow-up order for the remainder at 358.50 which executed within 5 minutes of open. Price dipped to 353.60 before recovery to 360 presently.
$SQ Sold my long Aug…
$SQ Sold my long Aug 3rd Calls at 2.66. I had raised my stop/alert to 2.80 after the bounce last Friday. Maybe too tight on the stop.
$NVDA Closed my #Supercharger @ 6.35 with NVDA @ 243.57 . Hit my alert at 6.50. Entered at 7.50. I may reenter nearer the end of the day. See how things go.
Econ Calendar for week of 7/23/18
Be sure to periodically click Home/REFRESH to keep Bistro features updated.
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – Another fill on Friday while I was out….a call side roll still prior to earnings…
Rolled TSLA Jul 20 2018 315.0 Calls to Jul 27 2018 315.0 Calls @ 6.15 credit (11.80 total now)
CELG
#LongCalls – A final postmortem on my old buddy after taking the trade all the way to the end selling weeklies against long calls…(this was an experimental shorter term position and not a #LEAPS trade).
Initial Cost of a 5 lot of long calls: $5116.95
Total weekly premium received: $4983.85
Net loss of 133.10 including commissions. The trade was never profitable so happy with the end result….adios Mr. CELG!
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:
BPOP, HAL, HAS, ITW, ONB, PETS, PHG
Notable Earnings PM Mon:
ACC, AMTD, BRO, CDNS, GOOG, HLX, OI, STLD, WERN, WHR, ZION
Notable Earnings AM Tues:
ATI, AVY, BIIB, BKU, BTU, CIT, CNC, CSTM, DGX, EDU, HOG, IPG, IQV, JBLU, KMB, LLY, LMT, LPT, MDSO, MLCO, MMM, PCAR, SHW, SNV, ST, TRU, UTX, VZ, WAB, WAT
Notable Earnings PM Tues:
AKR, AMP, BXMT, CB, CNI, EQR, HA, HIW, IPHI, IRBT, KN, MKSI, NAVI, RHI, SPN, STL, SYK, T, TER, TSS, TXN, WCN
Notable Earnings AM Wed:
AEP, ANTM, AOS, APH, BA, BSX, CHKP, DAN, DTE, EVR, FCAU, FCX, FLIR, GD, GLW, GM, GRUB, HBAN, HCA, HES, HLT, IART, IMAX, INVA, IR, KEM, KO, LH, LW, NDAQ, NEE, NOC, NSC, OC, PNR, RES, ROK, SC, SIX, SRE, STM, TEL, TMO, TROW, TUP, UPS, WIX, WM
Notable Earnings PM Wed:
ABX, AEM, ALGN, AMD, AXS, AXTI, CCJ, CLB, CTXS, CVRR, CW, DDR, DRE, EFX, EHC, ESRT, ESV, FB, FFIV, FR, FTI, GG, GGG, GILD, KNX, KRC, LM, LVS, MAT, MDLZ, MHK, MPWR, NOW, OII, ORLY, PEB, PKG, PYPL, QCOM, QEP, QTS, RJF, ROIC, SFS, STAY, SU, TMK, TRN, UHS, V, VAR, VRTX, XLNX
Notable Earnings AM Thurs:
AAL, AAN, ABMD, ADNT, AGN, ALK, ALKS, ALLE, ALLY, ALXN, APD, AXTA, AZN, BAX, BC, BMS, BMY, BUD, BWA, CELG, CMCSA, CME, CMS, COP, CRI, CVE, DHI, DNKN, EIGI, ENTG, EQM, EQT, FAF, GRA, HP, HSY, IP, IVZ, KDP, KIM, KKR, LAZ, LDOS, LEA, LKQ, LLL, LUV, MA, MCD, MCK, MMC, MO, MPC, MPLX, NEM, NLSN, NTCT, NVCR, NYT, ODFL, PCG, PENN, PHM, PTEN, PX, RDN, RDS.A, RTN, SAVE, SPB, SPGI, SPOT, SYNT, TAL, TECK, TPX, TSCO, TSEM, UAA, UBSI, VC, VLO, WWE, XEL, XRX, YNDX
Notable Earnings PM Thurs:
AFL, AJG, AMGN, AMZN, BOFI, BYD, CMG, COLM, CUBE, CVA, CXP, CY, DECK, DFS, DLR, EA, EGHT, EIX, EMN, EW, EXPE, FBHS, FHB, FII, FLEX, FSLR, FTV, HIG, INT, INTC, JEF, JNPR, LEG, LOGM, LPLA, LRCX, LYV, MXIM, NCR, NOV, NR, OFC, PFG, PFPT, RSG, SBUX, SGEN, SIVB, SVU, TEAM, UCTT, VRSN, WDC
Notable Earnings AM Fri:
ABBV, ALV, AON, BEN, CL, COG, COL, CVX, GT, IMGN, IRM, LPNT, MCO, MD, MRK, POR, PSX, SYF, TCF, TEN, TPH, TWTR, VIRT, VTR, WETF, WY, XOM, ZBH
Notable Earnings PM Fri:
KBR
@jEFF Miracle of miracles, I’m…
@jEFF Miracle of miracles, I’m in OB. Thank you Jeff.
Trades / Options Expiration
#shortputs
Rolled
$MZOR BTC 7/20 70 puts and STO 8/17 70 puts for .90 added credit. EArnings 8/6
#optionsexpiration
$NVDA 265/285 BUCS Max Loss
$WYNN 170/175 BUPS Max Loss
$FB 180/190 BUPS
$NFLX 340/350 BUPS
$SPX 2600/2625 BUPS Thank you @jeffcp66
$BA 325/335 BUPS Thank you @ramie77
$BABA 200 call
$TRTN 35 call (Covered)
$CLF 8 puts
$FEYE 18 calls (covered)
$TWTR 44 calls
$FSLR 50 puts
$TWTR 42 puts
$ALRM 37.5 puts
$KEM 24 puts
A little late but it is summer in the city. Have an enjoyable and restful Sunday.
Options Expiration for 7/20
$APA 30 puts
$BA 325/320 BuPS
$CLX 115 puts
$DQ 55 calls (covered)
$EXAS 62 puts
$HSIC 50 puts
$JCI 33 puts
$KMB 90 puts
$SWK 130 puts
$WDC 65 puts
$WHR 120 puts
$WYNN 162.50/152.50 BuPS
Have a great weekend everyone.
Options Expiration for 7/20
$APA 30 puts
$BA 325/320 BuPS
$CLX 115 puts
$DQ 55 calls (covered)
$EXAS 62 puts
$HSIC 50 puts
$JCI 33 puts
$KMB 90 puts
$SWK 130 puts
$WDC 65 puts
$WHR 120 puts
$WYNN 162.50/152.50 BuPS
Have a great weekend everyone.
TheoTrade Is anyone familiar with…
TheoTrade
Is anyone familiar with the Risk Twist Put spread as explained by TheoTrade?
SPY October 19th Exp.
STO 276 PUT x 1
BTO 266 PUT x 3
STO 264 PUT x 1
For a debit of $1.30
Apparently it is good for protection in a pullback of about 7%
They are saying that you can put this trade on about 4 times per year, 90 DTE
When I try to analyze the trade, it looks like risk of loss significantly increases after 30 days, so in my mind, you have to close and re-establish a new trade every 30 days.
If you know this trade, can you tell me the best way to manage it?
Option Expiration
#Coveredcalls
DBX 33 Calls
NUGT 26 Calls
TWTR 45 Calls
Have a great weekend.
Options Expiration 7/20/18
#OptionsExpiration #Earnings #ContangoETFs
— Expiring w/max profit —
$COF 93.5 puts, sold yesterday for 1.40
$GUSH 48 call, sold for 1.05 last month
$ISRG 520/525 call spread, sold yesterday for 2.75 (wish I’d waited on both!)
$NFLX 475 call, sold Monday for 1.00
$SNA 145 puts, sold Wednesday
— Assignments —
$MU 54 and 54.5 #CoveredCalls #PieTrades Originally assigned via 55 puts, after a few weeks of call sales, exiting with cost basis around 51.
$SNA 170 calls, going short the stock. No weekly options on this so I think it will be quicker to get out on a dip next week.
SWKS
STO, November 85 puts @ 2.40
FAS BTC July 20th 67.50…
FAS BTC July 20th 67.50 calls at 1.35. Originally sold 7/13 for 0.88. I will re-cover long stock at a more opportune price.
SIG #shortputs Bought to close…
SIG #shortputs Bought to close 7/27 58 Puts @ .40. Sold 7/18 @ 1.20.
#fallingknife FYI SKX is down…
#fallingknife
FYI
SKX is down 21%
@geewhiz112 FYI CLF is up…
@geewhiz112
FYI
CLF is up on earnings.
Calls are profitable.
NVDA super-charger
#SuperCharger Following Mama and Mort:
Bought to open $NVDA Aug 17th 230/240 bull call spread for 7.55.
WYNN SWKS earnings
As @fuzzballl mentioned earlier, some companies move their earnings dates around making pre-ER trades more difficult. WYNN is one of those companies. They moved their tentative earnings date from 7/26 to 8/1 but still not confirmed. This is probably a good one to avoid and SWKS too.
FB covered Call closed
#CoveredCallCampaign BTC $FB July 20th 210 #CoveredCall for 1.00 to avoid assignment. Sold for 2.00 on June 20th.
Bring on the earnings!
DOCU Closed my short 7/20…
DOCU Closed my 1 short 7/20 55 Put for 3.20. Taking that 1.00 loss to avoid deeper risk. Miss managed this earlier when it was 40% profitable. Hadn’t hit the 50% target so I waited……That didn’t turn out so well.
Adding CVS
Sold $CVS Nov 16 57.50 puts @ 1.36. Dropped down a strike (already short the Nov 60 puts).
CHKP pre-earnings
Sold Aug17 115c @ 1.11 for 71% profit. Bot @ 1.90.
This is my last round of CHKP pre-earnings.
Close
STC PBR Jul 20 10/13 BuCS @1.35 6/1 BTO @ 1.00
STC EWZ started 5/29 was a big loser but worked it until today and closed for a small profit. Thx to Sue, MamaCash and Fuzball for help.
STC LMT +140.00 on one I tried hard to screw it up but came out with a profit.
SWKS
STO November 80 puts @1.45 with stock trading at 97.29
PYPL puts closed
#LEAPs Another one I’m closing early to avoid any intraday surprises.
BTC $PYPL July 20th 87.5 puts for .11. Sold for 1.26 (avg price) last Friday.
I’m trading short term around PYPL against Jan 2019 100 long calls.
NFLX put closed
#Earnings $NFLX has not recovered from its drop strongly and I don’t want to mess with this if it drops into the close.
BTC NFLX July 20th 360 put for .27. Sold for 3.46 last week. Leaving 475 call to expire.
NVDA supercharger
I’ll be trading pre-earnings on NVDA but it’s a little early to put on unhedged calls so starting with a supercharger.
Bot NVDA Aug17 230/240 BuCS @ 7.60. GTC order to close at 9.40.
#supercharger
Trading war
Trump says he’s ‘ready’ to put tariffs on all $505 billion of Chinese goods imported to the US.
The market seems not affected by this news.
https://finance.yahoo.com/news/trump-says-apos-apos-ready-100900482.html
ISRG half closed
#Earnings Closed one of my $ISRG 520/525 call spreads for 4.49. Saved 51 bucks from allowing it to expire ITM. I’ll wait longer on the other one in case the stock starts dropping. Sold them yesterday for 2.75.
#shortcallspreads TSLA
Driving all day made 2 trades, followed Iceman on AA and closed July 20 TSLA 330/340 call spreads for .39 near the open, had been rolled, cost basis of 1.31.
TSLA, AZO
