#SyntheticStock – STO EWW May18’18 48.5 calls for 0.31
Recent Updates Page 324
MU #Shortcall Rolled my short…
MU #Shortcall Rolled my short May 11th 50 Call out and up to May 18th 52 for .09 debit. This is covered by my June 15th 50 long call. MU has pushed above the 20dma and I expect it to continue toward the 50dma at 52.
ERX
#LongCalls #LEAPS – Even with my rollout the other day this thing is still approaching negative deltas. (great call by Whiz on the Iran/Trump/oil prices!). With this kind of gain on a 10 lot in a week just gotta book it and wait for a pullback or move on to something else.
Sold to Close ERX JAN 17 2020 36.0 Calls
Bought to Close ERX MAY 25 2018 39.0 Calls
Not much for weekly sales…nearly all directional gains of 1.21 per contract. I’ll say it again…playing just the LEAPS only instead of synthetic is the reason these scalps are possible.
FB
BTC June 130 puts @.05, sold at 1.20
SPX call roll sold
#SPXcampaign Sold $SPX May 17th (monthly) 2720/2745 call spreads for 3.15. #Rolling from the spread stopped for 3.90 on Monday, with 1.6x position size. I don’t often do this type of roll on the call side, as rallies can bowl me over quickly. But it seems we’re still in a range, and these expire next Friday (am), so I will close them Thursday at latest.
EA Earnings
#Earnings – In and out and forget about it. On to ROKU now…
Bought to Close EA MAY 11 2018 118.0/131.0 Strangles @ .58 (sold for 2.45)
SPX calls sold
#SPXcampaign Sold to Opne $SPX June 8th 2775/2800 call spreads for 1.75.
SQ covered calls
#CoveredCalls #CoveredCallCampaign #Rolling
BTC $SQ June 1st 52.5 call for 2.75. Sold for 1.35 yesterday.
STO $SQ June 8th 56 call for 1.88.
Also plan to sell a put on the next pullback.
GUSH Dec
Got filled about 30 seconds before the bell.
Sold $GUSH Dec 21 46 call @ 5.00. Adding to position at the highest strike.
AMZN
BTC May 18, 1800/1850 bear call spread @ .05, sold @ .77
NOC
#LongCalls #LEAPS – Following Whiz here…he’s using RTN but I prefer weeklies.
Bought to Open NOC JAN 17 2020 330.0 Calls @ 41.50
Sold NOC MAY 11 2018 330.0 Calls @ 2.70
89 weeks so 47 cents per week required to cover max loss…
DISH #FallingKnife Adding a ladder…
DISH #FallingKnife
Adding a ladder rung.
Sold $DISH 12/21 22.50 puts @ 1.20.
EA earnings
#Earnings I sold slightly more conservative than fuzz:
$EA May 11th 115/132 strangles for 1.60. Biggest UP move: 13.7%, Biggest DOWN move: -7.5%, Average move: 5.0%. My strikes are +7.5 and -6.4% OTM.
EA Earnings
#Earnings – I’ll take a small shot. Selling the 200ma and the all time high. Leaning slightly bullish…
Sold EA MAY 11 2018 118.0/131.0 Strangles @ 2.45
#shortcallspreads TSLA A Tradewise recommendation…
#shortcallspreads TSLA
A Tradewise recommendation from yesterday, June 1 317.50/320 that I sold today for .94. I am still in need of TSLA falling below 300 by the 18th.
SPX puts sold
#SPXcampaign Sold $SPX June 8th 2510/2485 put spreads for 1.65.
CVS, thanks for the idea
STO November 50 puts @ 1.20
STO November 45 puts @ .57
COO
BTC May 18, 190 put @.05, sold at 3.00
I love Z earnings trades that work
#Earnings Closed $Z May 11th 60 calls for .05. Order in to close the 51 puts for the same. #ShortStrangles sold yesterday for 1.09 (avg price).
Closing MLM
Bought to close $MLM Jul 20 170 put @ .60. Sold for 3.10 on 4/9.
EWW
#SyntheticStock – BTC EWW May11’18 50 calls for 0.03, sold for 0.25. Waiting a bit to sell for next week, hoping as usual that dogs can bounce?
#callbutterfly CMG Tastytrade idea, near…
#callbutterfly CMG
Tastytrade idea, near the close yesterday, sold May 18, 430/435/435/445 for .21, profitable below 440
Fuzzballl….XLY Fussballl, did you originally…
Fuzzballl….XLY
@fuzzballl, did you originally hold XLY as a synthetic stock and if so have you converted to #Long Calls #Leaps?
I’m presently holding Jan 2019 101/101/99 and am tempted to convert. Would appreciate your thoughts on this.
Notable Earnings AM Mon:
CTSH, GPRE, LPX, PETS, SRE, SYY, TSEM, TSN, WBT, WLTW, XRAY
Notable Earnings PM Mon:
AIV, AMC, ANDV, ANDX, ATSG, BHF, BKD, BKI, CRZO, DK, DPLO, EQC, EVHC, FN, HTZ, LCI, MOS, NTR, OAS, OHI, PINC, REN, RYAM, SHO, SJI, TRMB, ZG
Notable Earnings AM Tues:
ACM, ARMK, ATHM, BR, CROX, CWH, DF, DISCA, DISH, DSKE, EGN, ENDP, ETM, EXPD, FI, GCP, GTN, HAIN, HSIC, ICPT, IT, JD, JEC, JELD, MCHP, MLM, MNK, MNTA, PRGO, SEAS, SGMO, SUM, TGNA, USFD, VRX, VSH, VSM
Notable Earnings PM Tues:
AAOI, AAXN, ARNA, BECN, CA, CLVS, CORT, CTRE, CVG, DEI, DIS, DVAX, EA, ESIO, ETSY, EXTR, FANG, FOSL, GDDY, GPOR, GWPH, HDP, HPR, ICHR, INSY, KAR, LQ, MAR, MNST, MTCH, NEWR, NPTN, O, OCLR, OSTK, OXY, PAA, PAGP, PLNT, PRTA, PUMP, PZZA, SEMG, SLF, SOI, SPWR, SUPN, TRIP, TRUE, TWLO, WEN, WR, WTR, XEC, XOG
Notable Earnings AM Wed:
ADT, AEE, ARRY, BUD, CARS, CNDT, CNK, COTY, DLPH, HPT, HZNP, JHG, MYL, NXST, PFGC, PRTY, SBGI, SINA, SYNH, WB, WWW
Notable Earnings PM Wed:
ALB, ANGI, ATUS, AYX, BLDR, CTL, CVNA, DAR, EEP, ETE, ETP, EVH, FNGN, FNV, FOXA, FTI, FTK, GKOS, IAC, INFN, MBI, MELI, NUAN, PAAS, PBYI, PTCT, PTLA, RLJ, RNG, ROKU, RUN, SAIL, SEDG, SEP, SIEN, SNH, TROX, TWNK, WMGI, WRD, ZTO
Notable Earnings AM Thurs:
AMCX, BAM, DEPO, DUK, ENB, HIMX, KLIC, MDP, MGA, NOMD, OMI, PBH, PEGI, RDUS, SND, TGI, TRCO, UNVR, WP
Notable Earnings PM Thurs:
AL, CASA, DOX, FATE, FLS, HALO, HUBS, JAG, KTOS, NKTR, NVDA, NWSA, PPC, RDFN, SSRM, SYMC, TIVO, TTD, UNIT, WPM, WTTR, XON, YELP
Notable Earnings AM Fri:
TRI
Z earnings
#Earnings An old favorite; first time I’ve traded it since 2014.
Sold $Z May 11th 51/60 strangle for 1.05. Biggest UP move: 12.1%, Biggest DOWN move: -9.1%, Average move: 5.4%. My strikes are +/-8.1% OTM. I’ve had the order in most of the day, and was just filled on 1 spread. Don’t know if the other 4 will go through.
SPX trades
#SPXcampaign Stopped: $SPX June 1st 2740/2765 call spreads for 3.90. Sold Thursday in a #CondorRoll for 2.90. No decision on how to roll yet.
Closed on GTC order: May 18th 2465/2440 put spreads for .20.
Sold $SPX May 18th 2725/2750 call spreads for 3.65, as other half of the #CondorRoll I started earlier.
IFF
STO August 120 puts @2.20
STO November 110 puts @2.10
DG
#LongCalls #LEAPS – Adding on the weakness. Position size is now 80 percent leaving room for one more add if this thing is headed to the 200ma. Earnings estimated on May 31 so wanting to capture all that when the time comes…
Bought DG JAN 18 2019 95.0 Calls @ 7.60
Sold DG MAY 18 2018 95.0 Calls @ .95
SLB
#LongCalls #LEAPS – Now that I’m out of XOM and established in ERX I’m getting rid of some more “single stock” risk. This thing has risen enough now to put me into negative deltas so booking some gains and moving on. Also, this makes room for some possible earnings plays in ROKU and NVDA this week.
Sold to Close SLB JAN 18 2019 67.5 Calls
Bought to Close SLB MAY 18 2018 69.0 Calls
Lots of nice weekly premium sales and when all said and done made .63 per contract.
ERX
#LongCalls #LEAPS – This thing is all the way out to 2020 so no need to get too greedy this early. I’m giving it some room until we see what the Donald does this Saturday with the Iran nuke agreement. Can always roll it back in and down…
https://www.reuters.com/article/us-global-oil/oil-surges-to-fresh-highs-on-growing-supply-worries-idUSKBN1I801Z
Rolled ERX MAY 11 2018 37.5 Calls to MAY 25 2018 39.0 Calls @ .15 credit
EWW
#LongCalls #LEAPS – Trying to squeeze out another double dip…
Bought to Close EWW MAY 18 2018 52.0 Calls @ .05 (sold for .35)
Sold EWW MAY 18 2018 49.5 Calls @ .36
FB
BTC May 18, 150 puts @.05, sold at 2.70
Covered Calls
#CoveredCalls #CoveredCallCampaign #Rolling
Sold to Open $SQ June 1st 52.5 call for 1.35
Sold to Open $AAPL June 8th 195 call for 1.75
Stopped: AAPL June 1st 187.5 covered calls for 3.85. Sold for 1.58 on Friday.
#StrangleRoll Sold June 15th 175/195 strangles for 3.45
GUSH adding
Sold to add to positions at the highest strike:
$GUSH Jun 20 45 call @ 2.25
$GUSH Sep 21 45 call @ 4.00
TRTN #ShortPuts Sold July 20…
TRTN #ShortPuts Sold July 20 35 puts @ 2.65, shares at 34.97.
SPX trades
#SPXcampaign Stopped: $SPX May 18th 2700/2725 call spreads for 7.45. Sold for 3.80 as a #ReverseRoll on May 1st.
Partial roll: Sold SPX May 18th 2630/2605 put spreads for 3.90. I plan to sell the other half as a call spread on strength. I won’t be getting aggressively long unless we can get the VIX lower.
NUGT #ShortPuts Rolled my May…
NUGT #ShortPuts Rolled my May 11th 25 Puts up to May 11 26 strike for a .28 credit.
#Shortcalls Covered #Leaps BTC MU…
#Shortcalls Covered #Leaps BTC MU May 11th 49 Call at 0.98 on a breach of 49. Sold Friday for .50. BTC May 11th 37.5 Call at 0.98 on a breach of 37.50. Sold Friday at .50. I will reload later. I’m trying to manage risk. However am I being overly responsive and should relax giving them more room to flop around? Comments welcome.
Econ Calendar for week of 5/7/18
Be sure to periodically click “Home/REFRESH” to keep Bistro features updated
Closed Early / Rolled SQ /Expiration / SPX Campaign
Closed Early
$SPX BTC 5/11 2375/2400 BUPS at .05 STO at 1.60 Thank you @jeffcp66
$AMZN BTC 5/18 1720/1700 BECS at .40 STO at 3.00 Thank you @ramie77
Still have BUPS 5/18 1310/1360 and 6/15 1460/1500.
#shortputs rolled
$SQ BTC 5/4 50 put and STO 5/18 51 put for additional 1.80 credit
#optionsexpiration
$URI 150/160 BUPS Total Loss
$CBOE 113 call (covered)
#spxcampaign
$SPX STO 6/1 2425/2450 BUPS at 1.60 Thank you @jeffcp66
Have a restful weekend.
No expirations this week
Have a great (hopefully relaxing) weekend everyone.
Option Expiration May 4th
Expiring #ShortPuts
FAS 63 Put
FAS 62.5 Put
ERX 35 Put
OIH 27 Put
Thanks for all the suggestions and letting me learn from you. Have a great weekend.
Options Expiration 5/4/18
#OptionsExpiration #Earnings #ShortStrangles #CoveredCallCampaign
— Expiring —
$BABA 167.5/195 earnings strangles; sold yesterday for 1.50.
$BABA 187.5 put, sold for 9.55 on Apr 19th as a roll
$SQ 55 calls
SPX stop and roll
#SPXcampaign This one went from about 2.10 to 5.10 while I had to be away from my desk today.
Stopped $SPX May 11th 2690/2715 call spreads for 5.35. Sold for 1.90 yesterday.
#Rolling to two spreads:
Sold May 31st 2570/2545 put spreads for 2.85, and
Sold May 25th 2745/2770 call spreads (1.5x position size) for 1.75
Have a nice weekend
I am done for the day and no expirations but a lot of rolls today. I am off to the gym.
OLED
I just woke up to the fact that I will be called away on my 100 shares today. I am happy to see them go.
#shortputspread ANET sold June 15,…
#shortputspread ANET
sold June 15, 210/220 for 1.55
FB
#LongPuts #LongCalls #LongLEAPStraddles – Pounding the put side while waiting for a pullback…
Bought to Close FB MAY 4 2018 172.5 Puts @ .05 (sold for 4.06)
Sold FB MAY 11 2018 177.5 Puts @ 2.70
TQQQ
STO May 18, 137.5 puts at 1.60 against my bearish fuzzy. Long the 150 puts and short the 137.5 puts.
FAS Short Call Filled on…
FAS Short Call Filled on the 64.5 call at. Now to sit back and see if it is going to pin at 64.
BABA
#LongCalls #LEAPS – Intended to be longer term but can’t give it back when it happens so fast. Only in it a week.
Sold to Close BABA JAN 17 2020 180.0 Calls
Bought to Close BABA MAY 18 2018 190.0 Calls
And had some way OTM long puts for fun….took a penny loss on those.
Sold BABA JAN 17 2020 50.0 Puts @ .29
All said and done it’s a 5.20 gain per contract. I’ll be back in on the next pullback!
TQQQ
Rolled May 4, 155 calls to May 11, 157.5 calls for a credit of 2.25, this is getting too close to getting called today.
MU #ShortCalls Sold May 11th…
MU #ShortCalls Sold May 11th 49 Call against my June 50 Call ofr .50 when MU hit 47.56
Volatility getting sold hard
VIX now at 14.90. VXX looking to get back down into the 30s.
QQQ #Leaps Sold May 11th…
QQQ #Leaps Sold May 11th 167 @.55.
FAS #Shortcalls Sold May 11th 66 Call @ .55 Trying to close out the May 4th 64.50 call for .05 Going to try .10 Might get a fill
SPX calls sold
#SPXcampaign Sold to Open $SPX May 31st 2765/2790 call spreads for 1.60.
The Fourth is strong with this one
#Earnings #Rolling already
I’ve been trying to close this for an hour but it will not stop… so I chased.
BTC $OLED May 18th 100 call for 4.60. Sold this morning for 1.50.
I also, unwisely as it turned out, closed May 18th 125 put for 27.50 (when stock was about 97.00). Sold for 26.50, avg price last month in an #ITMroll. I wanted to roll down to a 120 put on the next pullback, but that is probably out of reach now. I will continue to work this one, but probably hold off for today as it is overdone… +12%.
GUSHing
#ContangoETFs Following on a couple that @ramie77 sold a few days back…
Sold $GUSH July 45 call for 1.50
Sold $GUSH Sep 45 call for 2.75
#earnings #shortstraddle X April 26,…
#earnings #shortstraddle X
April 26, sold a May 18, 37 straddle for 4.25. X tanked, has bounced today, closed for 3.33, first day it has been profitable, currently at 34.52
TQQQ
BTC May 11, 140 puts @ 1.10, will sell May 18 puts today or next week.
SWK adding in Oct
Dropping down a strike in October.
Sold $SWK Oct 19 110 puts @ 1.25.
I am now short the following ladder:
Jun 130 puts
Jul 130 puts
Oct 115 puts
Oct 110 puts
I am going to stop selling anymore puts in this name until the 130s fall off in June (hopefully).
BABA covered call
#CoveredCalls #CoveredCallCampaign
Sold $BABA May 25th 197.5 call for 1.70.
Looking for my 187.5 put to expire worthless today… too much to ask?
Closing OLED
On the big move up, I’m getting out of my rolled position for a profit.
Bought to close $OLED May 18 100 puts @ 3.70.
Overall profit for twice-rolled position: 1.01.
UVXY
#BearCallSpreads – Doing a little house cleaning for the announcement next week that we’re pulling out of the Iran nuke aggreement (maybe)…
Bought to Close UVXY May 18 2018 Bear Call Spreads @ .06 (sold for .65 and .95 in 2 accounts)
Selling Calls (Finally!)
STO EWW May11’18 50 calls for 0.25
STO JPM May11’18 110 calls for 0.39
STO SLB May11’18 70 calls for 0.37
STO MU May11’18 50 calls for 0.27
STO XBI May11’18 90 calls for 0.45. My XBI Fuzzy is based in June so it’s pretty long in the tooth, hoping I get to close with a profit next week. Everyone cross your fingers please!
#earnings ANET Down 9%, about…
#earnings ANET
Down 9%, about $24 today
#jadelizard #ironcondor CELG Tastytrade idea…
#jadelizard #ironcondor CELG
Tastytrade idea July 20, 70/90/90/95 for 6.96 (modified from 60) , profitable above 82.82
CELG
#LongCalls #LEAPS – This should do it for me today…
Bought to Close CELG MAY 4 2018 89.5 Calls @ .03 (sold for .65)
Sold CELG MAY 11 2018 89.0/94.0 Bear Call Spreads @ .56
BABA
#LongCalls #LEAPS – Strong recovery…I may look to book this one as a quickie if the rally continues next week enough to get me to short deltas.
Rolled BABA MAY 4 2018 185.0 Calls to MAY 18 2018 190.0 Calls @ .24 credit
WYNN
#ShortStrangles – With ROKU and NVDA earnings coming up that I’d like to play I’m playing it safe and booking this one just for safety. It may pull back or it may break to the upside…I have no idea.
Bought to Close WYNN MAY 18 2018 180.0/197.5 Strangles @ 2.99 ( sold for 4.76)
SLB
#LongCalls #LEAPS – Didn’t quite get low enough today…
Rolled to next week 67.5 to 68.5 @ .02 credit
MU #ShortCall Bought to close…
MU #ShortCall Bought to close my May 11th 48 Call @ .90 when MU was at 47.46. I will reload when this surge peters. Sold it yesterday @ .50.
SMH TNA XLY
#LongCalls #LEAPS – All had aggressive sales for next week. With the rally today I rolled all of them out and up to May 18 for small debits. Brought in great premium so no problem giving a little back.
SMH 98.5 to 99.5 @ .05 debit
TNA 69.5 to 71.0 @ .31 debit
XLY 102.5 to 103.5 @ .28 debit
AAPL all-time high
And here comes BABA. Bullish day.
Awesome star wars may the…
Awesome star wars may the fourth be with you box!
Options Bistro 