BTC May 18, 75 puts @.05, sold at 1.50
Recent Updates Page 325
FAS FB tastyworks
#LongCalls #LEAPS #tastyworks – In a small account to get used to the platform. BTW…liking it more all the time.
Sold FAS MAY 18 2018 64.0 Calls @ 1.00
And my aggressive roll down into earnings didn’t quite work so giving a small part of the credit back…
Rolled FB May 4th 165.0 calls to Jun 1st 167.5 calls @ .27 debit
Covered Calls
#CoveredCalls #CoveredCallCampaign #SyntheticCoveredCall #LongLEAPs
Sold $AAPL June 1st 187.5 covered calls for 1.58
Sold $TQQQ May 18th 160 synthetic covered call for 1.60.
SPX roll
#SPXcampaign Every attempt to roll this lower was not filled due to market strength. So I’m ending up rolling it to a HIGHER put spread at 1.5x size. I feel comfortable doing this since we are still not far from the bottom of the recent range.
Sold $SPX May 25th 2525/2500 put spreads for 2.30. #Rolling from May 25th 2500/2475 puts stopped yesterday.
TRTN
#shortPuts Bought to close May 18 30 puts @ .25 sold on Apr 19 @ 1.25, 80% profit, will reload later.
QQQ #Short Calls, #Fuzzy Bought…
AAPL earnings closed
#Earnings #CoveredCallCampaign
I was trying to exit the calls for pennies yesterday but not filled, and now the Oracle has AAPL bulls on a rampage.
Closed $AAPL May 4th 180 calls for .46 (today), and 160 puts for .02 (on Wednesday). #ShortStrangle sold for 1.27 on Tuesday.
STMP Earnings
#Earnings – Wish they were all like this…in the position for a grand total of 1 minute and 45 seconds of “open market” time. LOL!
Bought STMP MAY 4 2018 200.0/260.0 Strangle @ .10 (sold for 5.41)
April Jobs report
#Jobs Fewer than expected jobs added, but lowest UE rate since 2000, and wage growth sluggish.
+164,000 non-farm payroll jobs, vs 192K expected
Unemployment falls to 3.9%, lowest since 2000
U6 unemployment at 7.8%, down by .2 and lowest since 2001
Wages up 0.15%, reflecting 2.6% annualized, down from last month
Labor force participation 62.8%, down 0.1
Mar revised up from 103k to 135k
Feb revised down from 326k to 324k
FAS
#LongCalls #LEAPS – Just noticed a fill in my little Tastyworks account…hopefully a little pop in the morning to sell next week.
Bought to Close FAS MAY 4 2018 67.0 Calls @ .05 (sold for 2.55)
Daily Recap @ TT: Market…
Daily Recap @ TT: Market Measures: SPY & VIX: Inverse Strategy Results
https://tinyurl.com/yayqpbag
STMP Earnings
#Earnings – Tough fill…
Sold STMP MAY 4 2018 200.0/260.0 Strangle @ 5.41
CAH #FallingKnife Sold $CAH Dec…
CAH #FallingKnife
Sold $CAH Dec 21 40 puts @ 1.30
PYPL
#LongCalls #LEAPS – LMAO…a fat finger finally helped me. Was so busy this morning when I sold next week’s weeklies I just noticed I only sold 1 instead of 10. Stock up nicely now so adding the rest. Makes up for some of my fat finger losers! 🙂 🙂
Half strike higher and 13 cents more…
Sold PYPL MAY 11 2018 74.5 Calls @ .81
VXX FAS
#BearPutSpreads – To make room for a FAS position in this account something has to go. Tired of looking at these so booking them. Been gradually reducing basis for awhile now so decent gains.
Sold VXX JAN 18 2019 50.0/30.0 Bear Put Spreads @ 12.80 (bought for 10.10)
Sold VXX JAN 18 2019 45.0/35.0 Bear Put Spreads @ 6.47 (bought for 6.01)
Using VXX buying power to start a half position in FAS in this account….
Bought FAS JAN 17 2020 62.0 Calls @ 14.25
Sold FAS MAY 11 2018 63.5 Calls @ .85
#PieTrades with the LMT ex…
#PieTrades with the LMT ex div approaching in a few weeks, I’m adapting the Pie Trades for assignment. Rather than sell puts, I’m selling 1×2 put ratios just to get a tad more downside. This week’s trade covered today for 78% profit. Opened a new one for next week (May11): +1 307.5 put, -2 305 put for net cr 2.06, BE is $300.44.
MU Closed my May 4th…
MU Closed my May 4th 48 Call at .05. I felt I was getting piggish and didn’t want tp get slaughtered. Been there done that.
XBI
#Fuzzy – BTC XBI May04’18 90 calls for 0.04, sold for 0.62. I haven’t had time to sell any calls for next week due to work/life, and since the market may be making a short term bottom I’m gonna wait til tomorrow. Please tell me we get a bounce.
MU #Shortput Sold May 11th…
MU #Shortput Sold May 11th 48 Call against my June 50 long call for .60. Still holding the May 4th 48 call with a day order to close at .03.
Closing NOC
Taking this trade off that I put on Tuesday for a quick 50% of the potential profit.
Bought to close $NOC Jun 15 280/270 BuPS @ .60. Sold for 1.25 on 5/1.
TQQQ, UVXY, and FDX
#LongLEAPs #syntheticstock #syntheticcoveredcall
Closed $TQQQ May 11th 165 call for .30. Sold for 1.70 on Apr 24th. Sold against the long Jan 2020 150 call. Will sell a new one when we move higher.
#VXXGame Sold $UVXY Sept 20 call for 2.75. (today)
Earlier this week, closed these for profits:
UVXY June 15th 30 call for .40 (sold for 2.125)
UVXY Jan 2019 70 call for 1.20 (sold for 6.50)
UVXY Jan 2019 65 call for 1.15 (sold for 3.50)
#Earnings #Rolling (on Monday)
Closed $FDX May 4th 237.5 put for .24. Sold for 5.55 on 4/11.
Closed $FDX May 4th 235 put for .16. Sold for 6.05 on 4/11.
SPX trades
#SPXcampaign Certainly is a difficult market for these trades as traditional stops can be hit quite often, and often on the lows. The whipsaw hit me today, but I choose to stick to my rules as the pain of going deeply underwater if the drop gets serious is much worse than the irritation of having to roll after getting stopped out on the lows.
Stopped: $SPX May 25th 2500/2475 put spreads for 3.25. Sold for 1.60 last Friday. This is the second time around on this spread… a true example of “whipsaw.” I tried to roll further down but missed my fill. Now holding off until we get a better place to sell the roll.
Stopped: $SPX June 1st 2490/2465 put spreads for 2.80. Sold for 1.75 on Monday.
#CondorRoll: Sold June 1st 2410/2435/2740/2765 condors for 2.90.
All that said, I have allowed the May 17th 2540/2515 put spread to significantly breach my stops TWICE; once last week and again today, without touching it. The vast majority of “stops” I’ve executed since early Feb have been on spreads that would have ended up expiring OTM, so I’m allowing some leeway.
Closing EXAS
Bought to close $EXAS Jul 20 30 puts @ .20. Sold for 1.65 on 2/23.
Closing AMZN
Closing one of the call spread positions I sold after earnings.
Bought to close $AMZN May 18 1700/1720 BeCS @ .57. Sold for 3.70 on 4/27.
I’m still holding the 1650/1670 BeCS for May which I’ll look to close out soon.
REGN
#SyntheticStock – This was a fun one. The aggressive roll down for the double dip #Earnings play worked great. Paying the 20 cents to get out so I can sell again while there’s still a little juice next week.
Bought to Close REGN MAY 4 2018 310.0 Calls @ .20 (sold for 5.60)
Sold REGN MAY 11 2018 300.0 Calls @ 3.40
OLED
#SyntheticStock – An old “earnings gone bad” repair trade that might actually turn into a nice winner…needs 99 cents per week. Earnings tonight so making an aggressive roll down. See if I can bring this thing back to life…
Rolled OLED MAY 4 2018 105.0 Calls to MAY 4 2018 96.0 Calls @ 1.95 credit (3.50 total now)
BABA earnings
#Earnings #ShortStrangles #CoveredCallCampaign
I’m long stock on this one. Legging into a strangle.
Sold May 4th 165 puts for .75.
Looking to sell 195 calls for .75 as stock rises off the lows.
AMZN call butterfly
This is an idea from John Carter at simplertrading.com. He bought it yesterday (a 10-lot), I’m getting a slightly better price today (for a 1-lot). Risking $275 for max gain of $2200-ish. Idea is that price will gravitate toward 1600 for the monthly expiration.
Bought to Open $AMZN May 18th 1575/1600/1625 call butterfly for 2.75.
CME
Rolled my May 11, 165 calls out to May 18, 160 calls for a credit of .95 cents. I have reduced my cost from 16.50 down to 11.73 since February 16 and have 87 more weeks to go.
Jan 2020 LEAPS
#LongCalls #LEAPS – Most new positions I have on are 2020’s. Maybe a good time to start getting the shopping list together for some more 2020s.
FAS is the one I’ll be really looking to add a 2020. Also watching XBI, XLY, and EWZ.
#optionsexpiration, early assignments, rolls, closed…
#optionsexpiration, early assignments, rolls, closed and new trades
BTC AAPL 160 put 1 DTE for 0.02. Sold for 2.18 on earnings play 🙂
TNA 69 CC rolled for 0.85 credit. Cost basis now 64.87.
TNA 55/60 #supercharger. Assigned early on the 60 so exercised the 55 to close everything out as I was short 1000 shares at 60. There were a few cents of time value left in the long call but was going to be a pain to buy back the short stock then sell the long call, although that would have resulted in full profit. Anyway made $630 total on a 10 lot or 12.3% in 14 days as it was assigned a week early. Will take it 🙂
I will be doing a lot more of these going forward but do not have any today.
The FAS trades all expired tomorrow and rolled to next week #pietrade style.
FAS 65 CC rolled to 61CC for 1.56 credit. CB now 56.36. The good premiums add up on the leveraged names and really reduce cost basis quickly. I will continue to trade many of these but may flip to bears if we really start tanking.
FAS 65 CC rolled to 61 cc for 1.56 credit. Cost basis on this batch 59.31.
FAS 65 CCrolled to 61 for 1.83 credit. Cost basis 53.91. This batch has been around the longest.
FAS 65 cc rolled to 63 for 0.80 credit. Cost basis 60.53.
FAS 65 cc rolled to 63 for 0.80 credit. Cost basis 63.14 so if assigned a $14 loss on each contract but will keep rolling. This was the most recent addition.
#supercharger AAPL 145/150 14 DTE closed for credit of 4.97, bought for 4.33 debit. Nearly full profit 2 weeks early 🙂
#pietrade STO XME 35 CC for 34.44. Roll or call out next week.
AMAT 49 put rolled to 49.5 next week for 0.60 credit. Cost basis now 48.83 and brought in 1.17 credit in 2 weeks.
We went from winter to summer, going for bike ride. Hope everyone has a good expiration. Will look for new #supercharger trades over the weekend.
I am going to be using more ETFs with the #pietrades as the volatility is putting individual names under water and taking too long to recover, GM dropped again today. As soon as I can close it out at even it is off the #pietrade list.
🙂
ADSK
#ShortStrangles #LongCalls #LEAPS – This is a repair trade and some short strangles that’s turning into a longer term position with the decent premium. Earnings not for another 3 weeks…
Bought to Close ADSK MAY 4 2018 129.0 Calls @ .05 (sold for 1.85)
Sold ADSK MAY 11 2018 128.0 Calls @ 1.00
SPY
We have broken down through the 200 day MA
FAS
#LongCalls #LEAPS – Same as SMH here…selling at the overhead 200ma. Let’s see if it holds…
Bought to Close FAS MAY 4 2018 65.0 Calls @ .05 (sold for 2.75)
Sold FAS MAY 11 2018 63.0 Calls @ .81
SMH
#LongCalls #LEAPS – Selling next week at the overhead 200ma resistance…
Bought to Close SMH MAY 4 2018 100.0 Calls @ .05 (sold for .71)
Sold SMH MAY 11 2018 98.5 Calls @ .84
CELG
#LongCalls #LEAPS – Earnings in the morning so going for the double dip. Selling at the expected move.
Bought to Close CELG MAY 4 2018 100.0 Calls @ .02 (sold for .65)
Sold CELG MAY 4 2018 89.5 Calls @ .55
LUV
#LongCalls #LEAPS – Selling new batch at the descending 20ma…
Bought to Close LUV MAY 4 2018 54.0 Calls @ .05 (sold for .40)
Sold LUV MAY 18 2018 53.5 Calls @ .60
SPX trades
#SPXcampaign
Sold to Open $SPX June 1st 2450/2425 put spreads for 1.70.
Closed on GTC order: May 25th 2795/2820 call spreads for .20. Sold last week for 1.65.
PYPL
#LongCalls #LEAPS – Didn’t get a chance to sell these yesterday. Small bounce in the first few minuts allowed a sale next week…
Sold PYPL MAY 11 2018 74.0 Calls @ .68
TSLA closed
#Earnings #ShortStrangles Closed $TSLA May 4th 265/330 strangles for .65. Sold for 3.40 yesterday.
SQ Earnings
#Earnings – Not even gonna mess with it. Take a small profit and move on…
Bought to Close SQ MAY 4 2018 48.0/55.0 Strangles @ 1.02 (sold for 1.53 net with disaster puts buy)
FAS
Rolled May 4, 67 calls to May 11, 63 calls for a credit of .94 cents
SQ #CoveredCalls Held 100 shares…
SQ #CoveredCalls Held 100 shares over earnings. Basis about 49.30. Originally assigned at 51. Sold May 11th 51 Call at 0.60. Come on Mr Market, take my stock.
SQ earnings closed
#Earnings #CoveredCallCampaign
Closed $SQ May 4th 45 puts for .15. Sold yesterday in the 45/55 #ShortStrangles for 1.00. I’ll let the calls expire.
Market
This is an ugly opening.
Another lesson in not trading…
Another lesson in not trading naked calls/strangles in individual names. ANDV most recently TSO is up 24 points in the last 3 days. Apparently buyout by marathon oil.
#jadelizard trades for individual names, strangles only in indexes………
I had a strangle briefly a few weeks ago as a recovery, good thing I unwound it. I will take lucky over good some days!!
MYL #FallingKnife Just saw that…
MYL #FallingKnife
Just saw that I got filled on this:
Sold $MYL Oct 19 30 puts @ .76
PYPL
#LongCalls #LEAPS – Filled 10 seconds before the close. No time for the triple dip but the double dip paid off. Second batch this week…
Bought to Close PYPL MAY 4 2018 75.0 Calls @ .05 (sold for .50)
SPX calls closed
#SPXcampaign Closed on GTC order: $SPX May 17th 2775/2800 call spreads for .20. Sold for 1.55 on April 20th.
SQ earnings
#Earnings #ShortStrangles #CoveredCallCampaign
Sold $SQ 45/55 May 4th strangles for 1.00. Leans slightly bullish. I am also long the stock so some of the calls are covered.
Biggest UP move: 14.0%, Biggest DOWN move: -21.7%, Average move: 8.2%.
Stock at 48.50 at time of fill, strikes are +13.4% and -7.2% OTM.
SQ Earnings
#Earnings #ShortStrangles – A little early…stock has pulled back a little. Bought some cheapie puts at twice the expected move just in case something crazy happens. Also, this is half size in case I need to convert it to a LEAPS position eventually.
Sold SQ MAY 4 2018 48.0/55.0 Strangles @ 1.57
Bought SQ MAY 4 2018 38.0 Puts @ .04
ROKU
#ShortStrangles – This thing started out in trouble almost from the beginning. Rolled calls down a couple times and ended up with a straddle. A little bounce back gets me out with good profit. Closing this to make room for SQ earnings. If that works out then I’ll get another shot at ROKU next week with their earnings.
Bought to Close ROKU MAY 4 2018 34.0 Straddles @ 1.23 (sold for 2.20)
WDC #FallingKnife Sold a put…
WDC #FallingKnife
Sold a put ladder with the stock near 77.
$WDC Jun 15 72.50 puts @ 1.65
$WDC Jun 20 67.50 puts @ 1.42
$WDC Oct 19 60.00 puts @ 1.65
NUGT #ShortPuts Sold May 11th…
NUGT #ShortPuts Sold May 11th 25 Put at .50 when NUGT was at 26.13
K #FallingKnife Earnings tomorrow but…
K #FallingKnife
Earnings tomorrow but the decline in this stock has made long term put selling attractive.
Sold $K Dec 21 47.50 puts @ 1.23 with the stock at 56.64.
#PIETrades #ShortPut Sold to open…
#PIETrades #ShortPut Sold to open FAS May 4th 63 Put @ 0.75 when FAS hit 63.37 on the pull back from the post FOMC pop.
CMI #FallingKnife Sold Dec 21…
CMI #FallingKnife
Sold Dec 21 105 puts @ 1.40 with the stock at 146.52
SPX calls sold
#SPXcampaign Sold $SPX June 1st 2760/2785 call spreads for 1.75.
Closed on GTC order: May 4th 2575/2550 put spreads for .30. Sold in a #CondorRoll for 7.15 on April 12th.
Efficiency of capital part 5.
We had this discussion many months ago, I think it is worth revisiting. I have noticed significant changes in efficiency of capital depending on what the market is doing.
Obviously at the moment we have the benefit of higher volatility, that is keeping some of the options premium higher, which is nice if you are an option seller.
From a strictly margin standpoint it appears that using the futures options provides the best ROI/ROC but also has a lot of risk. With credit spreads, the benefit decreases but is still there.
The leveraged products have higher premiums but most of the brokerages account for higher margin requirements so there does not appear to be a significant advantage other than the higher credits received. However, easier to manage with the higher credits.
ETF’s especially the indexes have good margin treatment, 20% in most cases but when volatility is low the premiums are not there.
Most individual tickers are also treated well with margin, but I noticed a few names have higher requirements because of volatility. Usually the biotechs and start-ups.
Currently on the #pietrades in my core account I am trying to collect $1000 a week minimum. If I am able to do that for a year will result in a 72% return on investment using only 20% margin requirements. Obviously I cannot do that with the IRA accounts. Also cannot trade futures options in the IRA accounts.
Also because of the weekly trading I am trying to compound returns as much as possible.
Just a few thoughts, if anyone else has noticed other areas to improve efficiency let me know.
My hope is to have a portfolio margin account again within the next 6 months but I will not use it to its full capacity, will continue to limit to 20% margin use to prevent blowing out another account like I did in 2015. However the efficiency of capital improves with a portfolio margin account because of the relaxed margin requirements. I think tastytrade did a segment on this and it basically doubled returns without increasing risk.
Adding GUSH
Sold at the newest high strikes in Jul and Sep.
$GUSH Jul 20 45 calls @ 1.50
$GUSH Sep 21 45 call @ 2.74
XOM convert to ERX
#LongCalls #LEAPS – A little more theta and a little more pullback allowed me to get out of my XOM snoozer.
Sold to Close XOM JAN 17 2020 75.0 Calls @ 7.47
Bought to Close XOM MAY 4 2018 75.5 Calls @ 1.36
All said and done including weekly sales made a whopping .16 per contract after commissions. I’ll take it!
Now…staying in energy but moving on to something with a little more premium.
Bought ERX JAN 17 2020 36.0 Calls @ 10.49 (89 weeks needs 12 cents per week)
Sold ERX MAY 11 2018 37.5 Calls @ .50
FAS
I am in the 2020 Fuzzy at 63C,63P, 61P and short the May 4, 67 call. My maximum loss is 15.50 and I am in the trade at 13.50. After Friday, my cost basis will be down to 11.87 and I need .17 cents per week to break even from when I put the trade on. I am thinking of selling the 63 call for may 11 or May 18 on Friday afternoon. This would bring my cost basis down below $10.00 with 88 weeks to go. Any thoughts?
DIS, XBI
STO DIS May 11 105 call at 0.34. earnings on 5/8. Currently 1st strike outside expected move.
STO XBI May 11 92 call at 0.40 #syntheticstock #leaps
REGN
#Earnings tomorrow before the open. Not really an earnings play but taking advantage of the high IV to double dip. Rolling to just inside the expected move trying to force a turnaround. This particular position is really taking a long term outlook since I went synthetic at 400. Updated all of my #LEAPS and #SyntheticStock positions last night. This one is out to 2020 and still only requires 74 cents per week…
Rolled REGN MAY 4 2018 345.0 Calls to MAY 4 2018 310.0 Calls @ 3.20 credit (5.60 total credit now)
ERX #PIETrade #ShortPuts All righty….
ERX #PIETrade #ShortPuts All righty. Trying again at controlling my emotions through gaining experience. I sold ERX May 4th 35 Put at .50. I will take assignment or roll if advantageous.
TSLA earnings
#Earnings Sold $TSLA May 4th 265/330 #ShortStrangles for 3.19. Biggest UP move: 11.2%, Biggest DOWN move: -8.9%, Average move: 5.7%. Strikes are +10.0% and -11.7% OTM. Leaning a bit bearish as we’re bellow 200ma and recent performance.
#PIETrade #Shortputs OIH Sold May…
#PIETrade #Shortputs OIH Sold May 4th 27 Put @ .26. Will take assignment
MTCH
STO June 28 puts @1.10
SPX Campaign
#spxcampaign
$SPX STO 6/1 2465/2490 BUPS at 1.85
$SPX STO 5/18 2750/2725 BECS at 2.70 Thank you @jeffcp66
Lottery ticket
I am not doing this but popped up on scan SRPT, biotech has earnings on 5/3 and premiums are huge. I am not playing it but looks interesting as a 1 lot.
No one will believe me…
No one will believe me because I did not post and everyone here knows my track record on directional plays, but at 1300 today I saw momentum changing (on my tools, I did not actually see it) and I distinctly counted 5 elliott waves on the way down. Maybe there is some ope for me trading directionally 🙂
AYI Adding Nov
Already short Aug 100 and 90 puts. Extending the ladder to Nov.
Sold $AYI Nov 16 80 puts @ 1.60 with the stock at 113.67.
AAPL strangles
#Earnings #CoveredCallCampaign
Sold $AAPL May 4th 160/180 #ShortStrangles for 1.27. I am also long the stock, so short calls are covered. Leaning slightly bullish on strike selection.
EWW, JPM, SLB
#SyntheticStock – been closing down some calls today in the hopes that the Fed announcement tomorrow will cheer the market and my stocks will blast off to the moon. Yeah right?
BTC EWW May04’18 52 calls for 0.04, sold for 0.37
BTC JPM May04’18 112 calls for 0.08, sold for 0.41
BTC SLB May04’18 71 calls for 0.04, sold for 0.31
NOC put spread
8$NOC dipped below the 200 dma and has bounced back above it. Selling some premium in this name in June.
Sold $NOC Jun 15 280/270 BuPS for 1.25.
Options Bistro 