Rolled Apr20 FAS 66 call to next week 67 call for 84 cent credit
Rolled Apr 20 SQ 51 call to next week 53 call for 16 cent credit
Recent Updates Page 328
DG PYPL
#SyntheticStock – Converting this one over to Jan 2019 Bull Call Spreads similar to how I did NUGT…closing the short put side of the synthetic and the disaster put (a BuPS). The stock is still above the LEAP position so a good time to do it (yesterday was even better!).
Bought to Close DG JAN 18 2019 95.0/92.5 Bull Put Spreads @ 1.05
Sold DG JAN 18 2019 115.0 Calls @ 2.75
Caps my upside well above the all time high on the stock which I’m ok with. In exchange for that I reduce the max loss and pick up a quick 1.70 towards being risk free in the position.
BTW…also did this with PYPL today but won’t bore you with the details.
FAS roll
BTC April 20, 66 call and STO May 4, 67 call for a net credit of .94 cents. This completes all of my rolls for today. I have more next Friday.
SWK earnings bomb
Sold a put ladder:
$SWK Jul 20 130 puts @ 1.50
$SWK Oct 19 115 puts @ 1.35
I was looking to sell something in June but that series won’t start trading until Monday. Will keep an eye on it and maybe add June if it keeps tanking.
CME
STO May 4, 177.5 calls @ .35 cents and the April 20 175 calls will expire today at zero. This is my 2020 Fuzzy, 160,160,155. I put this on 10 weeks ago and have covered 18% of the cost of the trade so far.
EWW
#SyntheticStock – Mr. King of timing here again. I waited yesterday to sell calls for next week on this one, hoping to see the 200sma was gonna hold. She didn’t hold, I shoulda sold… yesterday. STO EWW Apr27’18 53 calls for 0.16. Oh well, I only need 0.08 a week to cover a total loss on my 2020 52/52/50 synthetic position.
MU
#Fuzzy – STO MU Apr27’18 54 calls for 0.44
#earnings SKX I sold a…
#earnings SKX
I sold a 37/47 strangle yesterday, stock hovering at 30, down 12. Anyone need new shoes?
Volatility not kicking up
#Market Today we are down less than 1%, which in 2018 is notable. VIX not up much, and UVXY and VXX could barely be considered to be spiking, given the huge drop they saw in the last week. UVXY had been at 20 for a couple weeks, then a quick drop to 15, and barely up today.
Meantime, SPX could barely get above 2700. Is this the new normal? Consolidating indices all year and volatility drifts downward as we get used to it?
FB
#LongPuts #LongCalls #LongLEAPStraddles – Gonna be an interesting earnings announcement. Tons of premium so still selling aggressively. Rolling the call side today. Didn’t quite get the needed pullback.
Rolled FB APR 20 2018 165.0 Calls to APR 27 2018 167.5 Calls @ 2.30 credit
SPX trades
#SPXcampaign Closed on GTC order: $SPX May 4th 2810/2835 call spreads for .20. Sold for 1.45 on Apr 5th.
Closed Apr 25th 2680/2655 put spreads for 9.70. Sold for 5.65 yesterday. I had to step away for a few, and that’s when the plunge happened, just before I failed to get a fill on a break-even order. Now I may have gotten out on the lows. My ability to trade these short-term near-the-money spreads has totally sucked since early March. I was killing it with them in February and it got my confidence up, so the market had to affirm who’s daddy.
FAS
#LongCalls #LEAPS – Banks aren’t running away so rolling but staying aggressive with the sales…
Rolled FAS APR 20 2018 63.5 Calls to MAY 4 2018 65.0 Calls @ .95 credit
TQQQ
#LongCalls #LEAPS – Staying aggressive and selling at the 50ma. Hopefully they’ll be easy to roll.
Bought to Close TQQQ APR 20 2018 155.0 Calls @ .10 (sold for 3.30)
Sold TQQQ APR 27 2018 155.0 Calls @ 3.20
NUGT
#SyntheticShortStock – Using the weakness today in this thing to close my upside protection leaving just long 32 strike puts.
Bought to Close NUGT JAN 18 2019 32.0/34.0 Bear Call Spreads @ .46
This adds .46 to the cost of the long puts but reduces max loss by 1.54 and makes the trade much easier to manage and cleaner when closing.
TQQQ
STO May 4, 170 calls @ .90 cents. I have 175 and 180 calls that expire today. This is a Fuzzy 180,180,175 for 2020.
TLT
#PerpetualRollingStrangles – Another one in the books…
Bought to Close TLT APR 27 2018 121.5 Calls @ .06 (sold for .60)
Sold TLT MAY 4 2018 120.0 Calls @ .42
EDIT….
For some additional downside help:
Bought TLT SEP 21 2018 100.0 Puts @ .12
ROKU
#ShortStrangles – Rolling short calls down to straddles. Earnings the week after this…
Rolled ROKU MAY 4 2018 37.0 Calls to MAY 4 2018 34.0 Calls @ .55 credit
#shortstrangles EWZ closed May 18,…
#shortstrangles EWZ
closed May 18, 42/47 strangle for .96, sold for 1.78 on April 3.
RH trade closed
#Earnings #ShortStrangle #StrangleRoll
Closed $RH Apr 20th 87.5 puts for .60. Sold as the 87.5/100 #StrangleRoll from breached short calls for 4.535 on Mar 29th. Letting the calls expire. Total profit in trade, 2.11.
SPX puts sold
#SPXcampaign Looks like early March all over again… a multi-day rally cut short by the volatility of 2018.
Sold $SPX May 17th 2535/2510 put spreads for 1.60.
Looking to already close the short-term put spread I sold at yesterday’s close. I thought the bounce yesterday looked decent and would lead to a stronger morning. Not the case. AAPL is not helping the overall market.
SLB
#SyntheticStock – BTC SLB Apr20’18 70 calls for 0.10, sold for 0.39. Waiting to sell next week’s, bouncing off of 69 level??
CELG
STO May 11, 97 covered calls @.75
SPX roll
#SPXcampaign #Rolling Sold $SPX Apr 25th 2680/2655 put spreads for 5.65 after the bell, as a roll from the spread stopped earlier.
BABA roll
#CoveredCallCampaign #ShortPuts
Closed $BABA Apr 20th 190 put for 7.95, to avoid early assignment tonight. Sold for 3.85 on March 15th.
#Rolling Sold BABA May 4th 187.5 put for 9.55. Moved down a strike and after earnings.
#earnings #shortstrangles SKX Sold May…
Sold May 18, 37/47 for 1.70
Covered Call CBOE / Falling Knife (?) URI BUPS
#shortcalls
$CBOE STO 5/4 113 call at 1.20 (covered)
#shortputs
$URI STO 5/18 150/160 BUPS at 1.60 Falling Knife?
Rolling OLED
With earnings on 5/3 I decided to roll my ITM Apr 20 100 puts out only 1 week, for .85 credit, instead of going into the May expiration and having earnings in the cycle. I figure I’d give it another week to recover a bit and maybe be able to take it off by next Friday. With the credit, basis has been reduced by 2.25 so I would need the stock at 97.75 or higher next Friday to be able to do that.
Rolled $OLED Apr 20 100 puts out to Apr 27 100 puts for .85 credit.
#FallingKnife trades Thanks to @optioniceman…
#FallingKnife trades
Thanks to @optioniceman for the ideas.
Sold:
$CLX Oct 19 100 puts @ 1.35
$PM Sep 21 75 puts @ 1.70
$HSY Nov 16 80 puts @ 1.35
$ADS Jun 15 180 puts @ 1.50
$ADS Sep 21 150 put @ 2.00 (lowest strike)
EWW
#SyntheticStock – BTC EWW Apr27’18 55 calls for 0.07, sold a couple days ago for 0.31. Gonna wait and sell more calls for next week after I see if EWW bounces off the 200 day sma, which it is hitting.
AZO
#BullCallSpreads #LEAPS -Going back into the belly of the beast with something more realistic to the upside. Buying a narrower spread but using two contracts instead of one. Also, a lower debit so easier to get it covered and be risk free. Let’s see if 600ish can hold…(not looking good so far). A bounce back up to the 200ma resistance would be a good point to take profits. Buying the vertical below and selling the weekly at it.
Bought to Open AZO JAN 18 2019 600.0/620.0 Bull Call Spreads @ 9.95
39 weeks to run so needing 26 cents per week to cover. I’m going for way more than that to get the risk off as soon as possible…
Sold to Open AZO MAY 4 2018 625.0/645.0 Bear Call Spreads @ 2.70
XBI
#Fuzzy – BTC XBI Apr20’18 92 calls for 0.03, sold for 0.38. STO XBI Apr27’18 92 calls for 0.47.
VXX
#BearPutSpreads – I’ve been selling against my Jan 2019 50/30 Bear Put Spreads….trying to gradually cover the debit.
Sold VXX MAY 4 2018 39.0/35.0 Bull Put Spreads @ .71
AZO
#BullCallSpreads – Interesting trade and another lesson for me in the power of basis reduction.
Originally Bought Jan 2019 660/760 Bull Call Spread after last quarter earnings. Stock started dropping from almost the exact moment the trade filled. Continued selling weekly Bear Call Spreads against the position. Also, rolled down the LEAP short 760 to 710 for additional credit. Stock is still imploding as I type this but…
Bought to Close AZO APR 20 2018 625.0/650.0 Bear Call Spread @ .00 (sold for 2.25 and legged out for zero cost 🙂 )
Then:
Sold to Close AZO JAN 18 2019 660.0/710.0 Bull Call Spread @ 15.43
After reducing my basis of the original position to 9.23 the trade still made 6.20 without ever having a single uptick. Now that’s basis reduction!
Covering puts early
CVS, BTC May 18, 50 puts @ .05, sold at .64 cents
DGX, BTC May 18, 85 puts @ .06, sold at 3.20
EXAS, BTC April 20, 45 puts @.10 to avoid possible assignment. Sold at 3.10
EXR, BTC June 15, 65 puts @ .10, sold at 2.15
#shortcallspreads #rolling TSLA April 2…
#shortcallspreads #rolling TSLA
April 2 I sold an April 20, 290/300 call spread that of course should have worked out. TSLA is hovering around 293. I rolled to May 18, 300/315 for 1.55 credit, however earnings are May 1.
#supercharger Assigned early on half…
Assigned early on half of my ERX 8 DTE 20/25 call vertical debit spread. So short half the spread. Easy fix, the 20 long call was so far ITM exercised at intrinsic value so made half the profit a week early. Will let the rest expire next week.
Sitting on my hands the next 2 days, then have a lot expiring tomorrow and will either let assign or roll on Monday depending on what’s left.
FAS CC at 65, 64, 66 are all ATM so will see what happens. Cost basis 61.27, 64.11, 58.17 and 60.63 so all looking good either way.
TNA 69 CC at full profit so will let assign tomorrow.
GM 38.5 CC next week, it is also ATM.
Finally 2 positive weeks in a row, easier with market moving up but I had some trades with a bearish bias as well. Have pulled back 11k on the SVXY losses. Still a long way to go but every bit helps.
Looking at trades for next week, good premiums still out there, WDC, EXPE, SMH, XBI all at top of the list. Some have earnings. SWKS possible #fallingknife looks like finding bottom.
That’s all I have until Monday, have a good expiration and weekend!
FDX trades
#Earnings #Rolling
Closed $FDX Apr 20th 255 call for .74. Sold for 1.15 on March 23rd.
Sold FDX May 25th 237.5 puts for 2.33.
After closing ITM puts under margin pressure, I have now rolled them all back into profit range. I still think this is a decent bullish candidate on pullbacks. The call was over 3.00 yesterday so slipping out today in case it rallies back tomorrow.
NVDA
#ShortPuts #IRA – Throw these out there and see what happens…
Sold NVDA SEP 21 2018 175.0 Put @ 4.90
Sold NVDA JAN 18 2019 150.0 Put @ 4.40
GUSHing again
New highest strikes in some of the months.
Sold $GUSH Jun 15 45 calls @ 1.00.
CP earnings closed
#Earnings BTC $CP Apr 20th 175 puts for .45. Sold yesterday for 1.10.
SPX puts stopped
#SPXcampaign I love these short-term reverse rolls when a rally starts, but of course they only work with a sustained rally… since January, sustained rallies haven’t been happening. Thus, got whipsawed on this one, albeit without much damage. Stopped out when we started dropping for the third time, and of course, that led to the strongest bounce. Will likely roll into a condor later, depending on how the day shakes out.
Closed $SPX April 20th 2690/2665 put spreads for 5.35. Sold for 4.35 as a #ReverseRoll on Tuesday.
SMH
#LongCalls #LEAPS – My newest 2020 position that’s just getting started…
Bought to Close SMH APR 20 2018 106.5 Calls @ .05 (sold for .72)
Sold SMH MAY 4 2018 104.0 Calls @ 1.33
#shortputs #pietrades EWZ Rolled April…
#shortputs #pietrades EWZ
Rolled April 20, 43.50 put to April 27 for .33
OLED
#SyntheticStock – An old “earnings gone bad” repair trade that might actually turn into a nice winner…needs 99 cents per week. Earnings May 3rd so staying aggressive until then.
Bought to Close OLED APR 20 2018 103.0 Calls @ .10 (sold for 1.58)
Sold OLED APR 27 2018 100.0 Calls @ 1.40
REGN
#SyntheticStock – Plugging away against a Jan 2020 position…selling next batch in earnings week. Might adjust it a little as the day approaches.
Bought to Close REGN APR 20 2018 337.5 Calls @ .20 (sold for 2.20)
Sold REGN MAY 4 2018 345.0 Calls @ 2.40
Interest rates
The ten year note took a nice pop up in yield this morning. Not good for stocks if we go over 3%.
GWW falling knife
BTC July 155 put @ .10, sold at 3.30 and a hat tip to Iceman for the idea.
#ShortPut Sold SQ April 27th…
#ShortPut Sold SQ April 27th 51 Put @ 1.25. Had an order to close the April 20th 48.5 for .05 but not filled.
QQQ Rolled my April 20th…
QQQ Rolled my April 20th 161 short call (Paired with the Jan 2020 161 leap) out and up to April 27th 164 for a 0.50 debit. Unsure if this was the right time. Maybe wait another day or two. Got antsy. Any feed back from you pros is welcomed.
Rolled LABU / Closed Early NFLX SIG
#rolling
$LABU BTC 4/27 83 call and STO 5/11 85 call for 1.10 added credit
Closed Early
$NFLX 5/18 250/260 BUPS at .15 STO 4/13 at 1.13 Earnings delight
$SIG BTC 4/20 40 put at .50 STO at 2.51 as falling knife Thank you @optioniceman
Walk On The Wild Side? …about the VIX
https://seekingalpha.com/article/4163594-walk-wild-side
CP earnings
#Earnings The only thing I’m doing today is selling $CP Apr 20th 175 puts for 1.15. Fairly close to the money, but CP has only moved down more than 3% one time on earnings in the last 8 years.
Not filled yet, but stock is pulling back now. I’ll drop to 1.10 if necessary.
Biggest UP move: 5.9%, Biggest DOWN move: -5.2%, Average move: 2.9%. This trade is -2.8% OTM.
TRIP
Yesterday Motley Fool advised followers to sell shares at a loss, it’s up .30 today.
Their explanation https://www.fool.com/premium/stock-advisor/coverage/18/coverage/updates/2018/04/17/sell-tripadvisor.aspx?source=ipeemleml0000004&utm_medium=email&utm_term=91466&utm_content=sell&utm_campaign=sa&utm_source=product
#shortstrangles FXI Sold June 14,…
#shortstrangles FXI
Sold June 14, 44/53 strangle for 1.07, following Beef at TastyTrade on this ticker again, currently at 47.
ROKU
#ShortStrangles – Once again I’ve demonstrated my uncanny ability to trade directionally by selling those 34 puts yesterday. 😦 Added these this morning when it was looking like I was obviously wrong…
Sold ROKU MAY 4 2018 37.0 Calls @ .65
NVDA
BTC April 27, 195/265 strangle at .17 cents. Sold at 4.00 and a hat tip to Fuzzball for the idea.
EWW LUV
#SyntheticStock – Some more rolling. Easing them up but keeping some downside cushion. LUV earnings next week.
Rolled EWW APR 20 2018 51.5 Calls to MAY 18 2018 52.0 Calls @ .04 debit
Rolled LUV APR 20 2018 55.0 Calls to MAY 4 2018 57.0 Calls @ .05 credit
XLY
#SyntheticStock – Rolling…
Rolled XLY APR 20 2018 101.5 Calls to XLY MAY 11 2018 102.5 Calls @ .07 debit
DG XOM
#SyntheticStock – These have both been on a tear so rolling the best I can. Neither one is really very rollable especially this far ITM. Will have to trade these like I did my old AMZN position. Keep rolling up and out while ITM treating them like a nice trailing stop.
Rolled DG APR 20 2018 94.0 Calls MAY 18 2018 95.0 Calls @ .10 debit.
Rolled XOM APR 20 2018 75.0 Calls to MAY 4 2018 75.5 Calls @ .14 debit (waiting until after earnings to see what I need to do longer term)
Also on XOM:
Bought to Close XOM JAN 17 2020 75.0/72.5 Bull Put Spreads @ 1.10
This leaves just the long calls out in 2020. Made a profit on the short put / disaster put but did add 1.10 to the cost of the long calls.
PYPL
#SyntheticStock – Rolling….picking up another 1.95 of upside. Earnings next week.
Rolled PYPL APR 20 2018 76.5 Calls to MAY 4 2018 78.5 Calls @ .05 debit
SQ #shortputs SQ looks to…
SQ #shortputs SQ looks to be making a move up. Sold April 20th 48.50 puts for 0.50 when SQ was at 49.31. Assignment would put me stock at a 48 basis at the 50dma. Earnings are May 2nd after the close.
LRCX Earnings
#earnings
My order in but not yet filled. Last four quarters $LRCX went up twice and went down twice.
$LRCX STO 4/20 202.50/220 Strangle at 4.20
NFLX call spread
I may be early here but with the momentum slowing I wanted to sell some premium and get some short delta against my stock.
Sold $NFLX May 18 365/375 BeCS @ 1.43 with the stock at 334.34, around 4 dollars off its high of the day. Delta of the short strike is 20.
#shortcallspreads NFLX Idea from TastyTrade…
#shortcallspreads NFLX
Idea from TastyTrade sold May 18, 365/375 for 1.37.
#vxxgame #shortcalls UVXY bought May…
#vxxgame #shortcalls UVXY
bought May 18, 16 call for 1.03, made 1.70. This started out January 29 as a 15 call, rolled twice to May.
FB
#LongPuts #LongCalls #LongLEAPStraddles – Maybe I’m bored but here we go. Already long the 2019 160 calls so on the bounce I’m buying the put side. For simplicity I’m buying the same strike to complete the straddle.
Bought to Open FB JAN 18 2019 160.0 Puts @ 11.60
After this week 39 weeks to run so needing 30 cents per week to cover. Earnings next week but unfortunately I’ll be out that day so going out the week after since it still has a little volatility pumped into it from the announcement.
Sold FB MAY 4 2018 162.5 Puts @ 3.00 (that already covers a fourth of the long put price 🙂 )
So now long Jan 2019 160 straddles against Apr 20 165 calls and May 4 162.5 puts.
Let’s see how it goes!
REGN
#ShortPuts – Sucking up a lot of buying power in an #IRA. Not going to risk a huge selloff…
Bought to Close REGN APR 20 2018 300.0 Put @ .28 (sold for 3.20)
EXR Falling knife
BTC June 60 puts @ .05, sold at 1.28
Closing Early No Braveheart Here
Closing Early
$SPX BTC 4/20 2570/2595 BUPS at .20 STO at 2.00 1.5X normal position size Thank you @jeffcp66
$BIDU BTC 4/20 230/240 BUPS at 5.00 STO at 2.13 This loss half off what it was last week
FB
What do you guys think of this hashtag? #LongLEAPSStraddles ….LOL Considering adding long puts to my FB 2019 long calls and trading them both directions. Whiz is still bearish FB until Zuck gets replaced. Nice premium in both directions. Obviously not a directional play…just premium gathering until all risk is covered and then a nice weekly income.
EWW
#SyntheticStock – STO EWW Apr27’18 55 calls for 0.31. This sale is pretty aggressive I think but I’ve been holding this one unhedged for awhile, and the stock is near a previous high (resistance?)
JPM
#SyntheticStock – BTC JPM Apr20’18 115 calls for 0.03, sold for 0.28. STO JPM Apr27’18 115 calls for 0.27.
#SPXcampaign Sold the long April…
#SPXcampaign Sold the long April 27th 2745 call of my spread at 3.80. This gets me out with a cheap dinner profit. I didn’t want to get greedy. Personally I feel lucky it worked.
SPX calls stopped
#SPXcampaign Closed $SPX May 4th 2760/2785 call spreads for 4.25. Sold for 1.70 on Apr 3rd.
SPX Update
Update:
BTC May 11th 2600 short Puts at 10.70, sold yesterday for 15.40
gain at 30%
STO May 11th 2600 at 10.60
BTC May 25th 2550 short puts at 12.50, sold yesterday at 17.70
gain at 30%
STO May 25th 2550 short puts at 11.90
Options Bistro 