BTO IWM Feb 16 157/157/155 1.50 #fuzzy
STO IWM Jan 26 160 Call .30 #Hedge
Thanks Sue (I hope)
Recent Updates Page 353
SPX calls sold
#SPXcampaign Back in the call game after the Upside Warning was canceled.
Sold $SPX Feb 15th (monthlys) 2870/2895 call spreads for 1.80.
Good Morning
Good Morning
Good morning
The market is up again which is fine with me. I have a large expiration on Friday. I don’t believe we can go another year without a correction.
I ran a little experiment…
I ran a little experiment for about 8 months last year, did not post because I was not sure how it was going to work out but here is another easy to manage, high return tactic. I got this from options income blueprint. I do not subscribe to this particular branch of it, but easy to understand and I reverse engineered it using different names. They were using AAPL, LNG, and GILD.
It is called perpetual income engine. Very simple, take about 2-5 stocks that tend to stay in a range with good option premium. Start by selling a 1 week put either ATM or 1 strike below. It is either assigned or is not. If it is assigned immediately take delivery of the stock and then on Monday sell the ATM or 1 strike out of the money covered call. If not assigned, then sell the next week put. It is very easy to implement and does not take much time.
I used 3 tickers last year, TSO which has since become ANDV, XBI, and WDC. As I am starting to review my trades from last year for taxes, I see how effective it was. It takes a while to sort everything out but the results were impressive given the simplicity.
8 months, 3 contracts each name so only tying up about 50,000 of capital earned a 57.7% return. Annualized 86.55% return. Pretty impressive given the simplicity. Obviously I will keep this going and will start posting my trades now. They will be known as #pietrades.
I do not have all the numbers yet, but the last year appears that naked puts and strangle selling was the most effective, followed by PIE trades, and a very close third goes to #fuzzies based on return on capital. However the #fuzzies worked the best for recovery of positions that went really bad. Not surprisingly given the one-sided market credit spreads did not do as well last year.
I am always looking for the most efficient way to use capital, make money, and give me more free time. Based on these results I will probably focus on those 3 strategies most of this year and will add in the occasional #spycraft when the volatility is decent.
Jan 16 #Fuzzy Land This…
Jan 16 #Fuzzy Land
This was a day about luck for me. I woke up with the thought that I really want to cut down tickers so I can have a stronger focus on fewer positions. The market opened strong, and I had a chance to close some fuzzies for nice profits. I closed CELG (my now oldest Fuzzy), MNST, ADSK, MCD, NVDA, BABA (BABA captured a quick $2150 profit before tanking, really lucky on that one), COST. My total net profit now on CLOSED fuzzies is $45,741 in about 5 weeks. That was the good news of the day.
I also opened the day pulling off hedges on all my SPY and QQQ Fuzzies. Of course, they were net debit to remove, and then the market had it’s little sell off. As the market was selling off I set up new non-hedged fuzzies in IWM and DIA and parked them with “blue sky” prices. I kind of lost track of them and the blue sky prices hit. So on IWM I have Feb 158/158/155 for 1.34 and in DIA Feb 259/259/256 for 2.00. So lots of index fuzzies right now with no hedges on. I also have a new non-hedged GLD fuzzy Feb 127/127/124 @ .72.
Fuzzy seniority now goes to MU as my oldest position.
CELG is a pretty good story about the power of fuzzies. That one was set with a $110 synthetic. Since setting it, the stock has fallen to a low of 101. I’ve kept it hedged constantly, sometimes with debit rolls, sometimes beautiful weekly profits. So despite CELG falling from $110 to the low 100’s I was able to net out $764 (on a 10-lot). And honestly, I didn’t do nearly as well as I could have. I’d give myself a C+ in managing it.
I have my very first Trader’s Almanac. Fun little book! It shows tomorrow (Wed) is the strongest day of the month, historically. If that ends up being the case, I’d like to peel back on some of the index fuzzies that I have.
Closed Early RTN GLD
$RTN STC 2/16 185 call @ 12.89 BTO @ 9.20
$GLD STC 1/19 121/126 BUCS @ 4.80 BTO @ 2.10
MGM
#SyntheticStock – Followed Fuzzy’s lead on this one and closed it out, my net delta was around zero after the stock blasted off. BTC MGM Jan26’18 34.5 calls for 1.88, STC MGM Jan’19 +32call -32put +27put for 5.46. After all said and done made 2.81 per contract on this trade, unfortunately only had 2 contracts as I put this one on back before I became a believer 🙂
SVXY
Someone is leaning on the SVXY. The volume is 3 times the 10 day volume and almost twice the 90 day volume. Time to be careful.
#earnings #ironcondorGS From TDA’s TradeWise…
#earnings #ironcondorGS
From TDA’s TradeWise Jan. 26 247.50/250/257.50/260 for .95
Filled @ .78
DGX IBM NVDA T TAP
#ShortPuts #IRA – Cleaning up some of the most profitable positions that I feel aren’t worth holding for months to get the last few dollars. Lots of dry powder now…
Bought to Close DGX MAY 18 2018 85.0 PUT @ .85 (sold for 3.20)
Bought to Close IBM APR 20 2018 140.0 PUT @ 1.04 (sold for 4.30)
Bought to Close NVDA JUN 15 2018 140.0 Put @ 1.27 (sold for 4.00)
Bought to Close T APR 20 18 35.0 PUTS @ .85 (sold for 1.47)
Bought to Close TAP APR 20 2018 70.0 PUT @ .32 (sold for 1.53)
Bought to Close TAP APR 20 2018 75.0 PUT @ .80 (sold for 2.64)
SPX puts sold
#SPXcampaign Sold $SPX Jan 24th 2775/2750 puts for 6.70. If this one looks to be in trouble tomorrow (one week from expiration), I will roll it.
Cancelation of the upside warning does not necessarily mean that the bull run is finished. But it may mean a slowing of the momentum. I will look to try some call spread sales on the next up day.
STO
Short Puts CBOE GS / Long Calls FB GS CMG / SPX Campaign
#shortputs
$CBOE STO 2/16 120/125 BUPS @ .80
$GS STO 1/19 250/255 BUPS @ 1.00
$GS STO 2/16 240/250 BUPS @ 2.00
#longcalls
$FB BTO 1/19/2019 175 call @ 24.10
$GS BTO 2/16 325/335 BUCS @ 5.98
$CMG BTO 2/16 BUCS @ 4.40
#spxcampaign
$SPX STO 2/16 2640/2665 BUPS @ 1.40
Upside Warning canceled
#VIXIndicator The VIX just exceeded 25% above the 2-day closing low, so that cancels the Upside Warning. Under my revised rules, we do not get a downside warning unless we close above 12.35.
In recent months these spikes intraday have been bought. I have no reason to feel this would be different, provided we get the normal afternoon bounce. It was a beautiful morning as I had 3 put spreads close for pennies. If we find a low and bounce, I will be looking for more positions to get long the market.
SVXY
#ShortPuts #IRA – Adding one more…
Sold SVXY MAR 16 2018 90.0 Put @ 3.50
#SyntheticStock -Taking a small shot…
#SyntheticStock -Taking a small shot for fun. Pretty low risk and leaving room to add…
Sold SVXY JAN 18 2019 135.0 Puts @ 40.74
Bought SVXY JAN 18 2019 135.0 Calls @ 39.52
Bought SVXY JAN 18 2019 132.5 Puts @ 39.18
This gives a net debit of 37.96 for the Jan 2019 position. Add the 2.50 point max downside and get a max loss possibility of 40.46. Based on that, and the 52 weeks remaining in the trade I only need to average about 78 cents per week in sales to cover the absolute worst case scenario.
So:
Sold SVXY JAN 26 2018 139.0 Calls @ 1.85
SVXY
#ShortPuts #IRA – Adding one more…
Sold SVXY FEB 23 2018 105.0 Put @ 3.09
UVXY calls
#VXXGame Followed @optioniceman and sold $UVXY March 16th 15 calls for 1.15.
I was looking to follow @fuzzballl‘s $SVXY 110 Feb puts, but broker wanted 11K in margin to sell a 3-dollar put. That’s the problem with being long so many $VXX puts on portfolio margin…. broker doesn’t want me to get short more volatility. But UVXY was more reasonable, only charging 1.5K for each 1.15 option.
#bullputspreads STO SPX 2 MAR…
#bullputspreads
STO SPX 2 MAR 18 2695/2595 BuPS @7.00
SPX puts sold
#SPXcampaign I sold a normal 5-week spread and an aggressive 10-dayer.
Sold $SPX Feb 15th 2675/2650 put spreads for 1.50.
Sold $SPX Jan 26th 2790/2765 put spreads for 8.20.
#spycraft alternative. While waiting on…
#spycraft alternative. While waiting on SPY to show better prices, the /ES is showing better prices with the slight increase in VIX.
1 contract (sticking to the initial guideline) STO 1 /ES 43 DTE strangle at 2615 put and 2910 call for 8.0 credit.
Plan is to take it off at 25-50% profit hopefully in 1-3 weeks.
#coveredputs ANF I’m short 100…
#coveredputs ANF
I’m short 100 shares of ANF from a strangle gone wrong, sold Feb. 16, 17 put for .30, gets basis to 17.90, thought Amazon was wrecking these retailers
SVXY
#IRA – Sold SVXY FEB 16 2018 110.0 Put @ 3.00
MGM
#SyntheticStock #IRA – Nicely profitable and overall delta almost to zero so time to bail out. I’d maybe hang around a little longer but the size was a little bigger than I’m used to so walking away.
Closed synthetic stock and weekly calls @ 1.62 net credit.
Weekly premium sold added up to 1.60
Total credit of 3.22 with trade entry of 1.42 so net gain of 1.80
$SVXY
Morning all. I haven’t been doing much as I’m committed to a set gig I took on for an Escape Room start up. Probably another 2 months to complete the build and get it installed. I closed my SVXY Jan 19th 130 Puts @ 1.31 when SVXY was at 135.13. Originally sold for 2.00 Jan 8th.
EWZ
#SyntheticStock #IRA – Up near resistance now so instead of rolling I’m booking the winner and waiting for a better entry…
Sold Jan 2019 40/40/35 Synthetic Stock @ 5.69
Bought to Close EWZ JAN 19 2018 40.0 Calls @ 3.25
Weekly premium sold of 1.85 plus closing credit of 2.44 for a total credit of 4.29. Trade entry of 3.00 so nice net gain of 1.29 in spite of my weekly sale getting blown through…
SPX
#RocketManHedge – Been selling aggressively against this one so almost back to even with 2 more months to run. Rolling aggressively here to see if 2800 is new support.
Rolled SPX JAN 19 2018 2750.0 Put to SPX JAN 19 2018 2790.0 Put @ 4.00 credit.
Position is now 38.00 premium received against a 54 max loss position. Only need about 2.00 per week going forward to break even on what turned out to be a useless hedge…
Can’t be bullish enough
#SPXcampaign
Closed on GTC orders:
$SPX Feb 2nd 2620/2595 put spreads for .20. Sold for 1.50 on Jan 3rd.
$SPX Jan 22nd 2740/2715 put spreads for .40. Sold for 7.50 last Wednesday.
Waiting for at least a morning minor pullback to add more… will we ever go down again?
SPX puts closed
#SPXcampaign Closed on GTC order in pre-market: $SPX 2740/2715 put spreads for .40. Sold for 6.85.
Bitcoin Come and Get Them
http://mailing.eletters.whatsnewnow.com/t/3620324/84688/8534505/15/?e5e2987d=MzYyMDMyNA%3d%3d&c73c8e04=d2hhdHNuZXdub3c%3d&4f415564=ODQ2ODg%3d&x=b2c26d04
Turbocharge your Fuzzy!
#Fuzzy #SyntheticStock – No that’s not another California wildfire you smell…it’s me thinking! I’ve got a small list of tickers that I would be very interested in adding a Fuzzy or synthetic position to. With earnings coming up on all of these I was considering selling some aggressive puts down in areas I would like to add the Fuzzy anyway. Kinda like selling puts to acquire stock and then writing covered calls.
Since I tend to have bigger synthetic positions than I would with real stock, these put sales look like they could be quite profitable if the stock doesn’t happen to pull back enough. Another option would be to sell spreads too…then if the stock implodes the Fuzzy wouldn’t be down hardly any at all when it gets set. Or…sell naked puts at half size and then if the stock implodes add the other half down at that level. Either way…just roll the loss into the basis of the Fuzzy if the stock really drops…otherwise enjoy the huge gains from the put sales.
For example, one of my all time favorites is NVDA. Great premium and easy to roll. I would really be interested in going long starting down at the 200 level and adding below that. Let’s also assume that a 6 lot would be my max synthetic size.
I could sell a put ladder starting at 215 (or anywhere depending on appetite for risk) and then every 5 points below that down to 190. Premium would be about 19 dollars. Great trade if the stock rallies. If the stock tanks then put the synthetic on there while rolling the put sales into the basis. Obviously the trade would start out underwater similar to covered stock…which is ok. Plenty of time to sell weeklies to eventually profit.
I guess the point of this whole thing is that there may be some tickers you like that won’t come back enough to get an entry point. Selling the puts while waiting could pay off quite nicely too.
At least with the market…
At least with the market closed today we get one day where it does not go straight up, but futures are looking that way.
Does anyone here use TastyWorks?…
Does anyone here use TastyWorks? And how do you like it?
Econ Calendar for week of 1/15/18
Be sure to periodically click “Home/REFRESH” to keep Bistro features updated
Short Trading Next Week
US Stock Market Holidays
All major US stock exchanges (NYSE, NASDAQ and American Stock Exchange) follow the same holiday schedules as listed below. There is no insider trading reporting in these market holidays.
2018 US Stock Market Holiday Calendar
2018 Market Holidays Date
New Year’s Day Monday, January 1, 2018
Martin Luther King Jr. Day Monday, January 15, 2018
President’s Day Monday, February 19, 2018
Good Friday Friday, March 30, 2018
Memorial Day Monday, May 28, 2018
Independence Day Wednesday, July 4, 2018 (1)
Labor Day Monday, September 3, 2018
Thanksgiving Day Thursday, November 22, 2018 (2)
Christmas Tuesday, December 25, 2018 (3)
Note:
(1) The market will be closed early at 1:00 PM on Tuesday, July 3, 2018 Eastern Time.
(2) The market will be closed early at 1:00 PM on Friday, November 23, 2018 Eastern Time.
(3) The market will be closed early at 1:00 PM on Monday, December 24, 2018 Eastern Time.
Also note that Monday, October 8, 2018 (Columbus Day) and Monday, November 12, 2018 (Veterans Day) are federal holidays and there are no insider trading reporting.
http://www.insider-monitor.com/market-holidays.html
Picture Worth A Thousand Words
Jan 12 #fuzzy Fair question…
Jan 12 #fuzzy
Fair question on the last post about risk. I’m always VERY concerned about risk. Being concerned about risk cost me a LOT of money this week. I’m planning to open a shelter for battered hedge sellers. I have a feeling a few folks here will be standing in line with me. I’ve had a wonderful start to the year. Except that I probably lost 20K in hedge rolls this week. But here’s what I’m doing to address risk: I’m closing fuzzies every few $ move up in underlying, taking the profits and resetting them. They are being reset smaller and tighter. Much as I would like to stay unhedged, I just can’t. So my Fuzzies are smaller in size, tighter in spread, and still hedged. So I’m not making as much as my brave hedgeless friends, but I know I can handle a crash. Fuzzy design started for me with $10-wide protection on the puts. Now they are all $3-$5.00. Also by closing and rolling them frequently, the long puts are retaining most of the their value.
The net on my CLOSED fuzzies is now $38,615. So that’s a nice crash cushion.
Current amount of hedges on open positions net collected and sold: 18,770.00
Just some highlights:
1. Closed TGT due to runaway hedges for net $870, but 300% on the core
2. Closed and reset all the Q’s with tighter puts for a net of $4235
3. Closed AAPL for a net of $3300.00 due to older design with $10.00 spread risk
4. New MU Fuzzy on the recent dip, nice weekly premium Mar2 43/43/41 @1.77 w/ 44.5 call hedge
5. New JPM Jun 110/110/105 @ 5.18 with 112 hedge (might be too tight)
6. COST flipped the cards and put on a bull fuzzy here with shored up technicals Mar 190/190/185 @ 5.20 with a 195 hedge due to squeeze and “RAF buy” indicator
7. SPY is all reset with 277/277/274 with hedges
Hey….Remember “SPX Guy?”(ok, maybe not a guy) On January 2? The guy that did the 5000 Risk reversal in SPX? I’ve been tracking that trade just for fun. How would you like $30,975,000 in 9 days.
I’m very happy to have this 3-day weekend! Hoping rest and recharge for all of you, too!
Expirations / XHB Closed Early
#optionsexpiration
$AAPL 165/175 BUPS
$AMZN 1050/1100 BUPS Thank you @jsd501
Early Close
$XHB STC 1/19 41 call @ 5.25 BTO @3.15
Have a great two and a half day weekend.
OptionsExpiration
$SVXY $65 puts
Other trades today
Closed Jan 12 $UVXY $8/$9.5 call spreads @ $0.60 (sold for $0.75) made lunch $
$DWDP Rolled #CoveredCalls from Jan 12 $71 to Feb 2 $71.50 for even, last of my stock so holding a bit longer
$RCL Rolled #CoveredCalls from Jan 12 $125 to Jan 26 $127 for @0.61 credit.
Expiration
Sizable position so letting it run the distance.
HIMX 11.5 calls (sold for .27)
#bitty FB Jan. 19 170/175…
#bitty FB
Jan. 19 170/175 BuPS for .60
SWKS
This was a busted #ShortStrangles that I turned into a #CoveredCalls position. After selling for quite a few weeks I’m using this bounce to book it for a .10 loss. Happy to be out and freeing up some room for earnings season.
Sold to Close SWKS Covered Stock @ 99.23 (bought for 99.33)
Closed UVXY synthetic
#SyntheticShortStock #LongPutDiagonals
Took the cue from @fuzzballl and closed one of these (I originally had 2). Can’t make a whole lot more on this since we’re getting closer to zero on the stock.
Closed $UVXY Jan 2019 positions:
Long 30 put, Short 30 call, Long 40 call for 23.91.
Bought for 17.10 on Aug 17th.
That’s a $6.81 profit, BUT I also lost $818 total in the attempt to sell short-term puts. Since I had 2 positions, that’s a $409 loss for each, so profit on this one is $272.
As for the other one, I previously closed the call spread for 1.60 (on Dec 20th), and I put in an order to close the remaining long put for 24.50, which price is already near. That would mean a $171 profit on that half.
I am keeping my $VXX version of this open, since the stock is still at 25.75 so my long 20 puts still have a lot to gain. I have closed a third of my short call spreads, and I added more long puts “naked” anyway, so I’m long 18 puts, currently at 4.68, average purchase 1.77. I lost a bigger bundle on the sale of short-term puts on VXX, but my ending profit on the long puts will make up for it and them some.
I will look to do this again when they launch $VXXB with the 2020 LEAPs. But that time, I will skip the #Fuzzy hedging and just go with the synthetic short.
Leaving early
Only 4 expirations today. I wonder if the big boys are waiting for after the nest expiration to try and sell this market.
SVXY: 60 puts,65 puts,70 puts, and 75 puts.
SVXY
#ShortPuts – In my “SVXY only” account that has done absolutely nothing this year…I’ll follow @hcgdavis ‘s lead and try to shake things up a little. Sort of a #TakeOneForTheTeam trade…
Sold SVXY FEB 2 2018 120.0 Put @ 2.31
Sold SVXY FEB 9 2018 120.0 Put @ 3.20
ISRG
#ShortStrangles #CoveredCalls – There was a method to my madness…LOL Turning inverted strangle into a covered stock position.
Current position is 435/415 Inverted Strangle @ 19.35 credit.
Rolling the 415 call out a week to 420 for a small .35 debit and taking the stock at a 416 basis. Should work nicely with earnings the following week and bigly premium available.
UVXY
#SyntheticShortStock – Next split has to be soon so I’m now fully loaded after closing the short VXX the other day. I’ve rolled my short puts out to 5 strike 2020’s. I’ll probably ride those into the ground unless we get a huge spike but should easily be offset by this position and should be able to ride 2019’s down again and 2020’s at least twice. I’ll roll them another year if I can but not sure if we can roll when they become “post split” options.
Sold to Close UVXY 30/30/55 Synthetic Short Stock @ 23.47 (bought for 14.91)
This was all just a big experiment when I first suggested it back at the last split. I’d have to say a stress free huge success along with the VXX short!
#vixindicator Dream big they say!…
Dream big they say!
https://finance.yahoo.com/news/infamous-mystery-trader-refuses-bet-171100153.html
TRU
BTC March 35 puts @.05, 2 months early, sold @ 1.40 when the credit unions tanked.
Jeff I have a fellow…
Jeff I have a fellow wants to join you. How can he do that?
Closing Jan HSIC
Taking this position off before expiration next week. The stock was below the strike as recently as yesterday so I decided to close it for 65% of the max profit.
Bought to close $HSIC Jan 19 72.50 puts @ .35. Sold for 1.00 on 8/9.
#shortputs AXDX Rolled Jan. 30…
#shortputs AXDX
Rolled Jan. 30 put to Feb. 30 put for .99
SPX Closing Early Again – Sign of Cowardice
#spxcampaign
Closed early
$SPX BTC 1/17 2705/2730 BUPS @ .20 STO 1/5 @6.25 97% of profit Thank you @jeffcp66
Rainy day here, had planned…
Rainy day here, had planned to go skiing as I have the day off but no fun when 65 degrees and raining, so stayed home and traded.
#vxxgame SVXY closes, rolls and take a few for the team. By going directional now the market should reverse which will help some of my other trades 🙂
SVXY BTC Jan 19 50 put for 0.04 and 55 put for 0.05. Sold at 1.27, 1.37, 1.14
BTC Jan 19 80 put for 0.11 sold for 1.14
STO SVXY Feb 9 125 puts for 3.90. I have feeling these will get tagged, that’s may hope anyway, a reverse hedge for some of my other positions. If this one does not do well will still make $ on the others then.
TQQQ rolled Jan 26 120 put to Feb 16 140 puts for 1.90 credit. Sold for 1.25
BX Closed out #fuzzy Jan 2019 25 Jan 18 33 diagonal and made a whopping 108 profit, it was 318 but the bid-ask on the options on this one do not trade well. BX is not a good trading name-just FYI. However, had I done a CC it would have closed next week at full profit, see @smasty160 fuzzy discussion below. There are a few names where a CC makes more sense than a synthetic, this was one of them.
USO, sold 2 Jan 19 puts at 11 for 0.54. This is a tiny account and that is all I could figure out to do with the BP left and still make a decent premium.
Hope everyone finishes out the week strong!
Chris
Closed short calls already
#SPXcampaign Closed $SPX Jan 26th 2800/2825 call spreads for 5.80. Sold for 3.60 yesterday. These got close to 7.00 at the highs. It is still a folly to attempt to short this market.
SPX long calls closed
#SPXcampaign Closed the $SPX Jan 16th 2750/2770 call spreads for 18.40.
This expires Monday and the max gain is 20.00. I figured if I could get 18.40 of that today, it was worth closing early. I didn’t really think it would fill when the morning started, but it did.
Bought for 2.80 on Jan 5th, the day after the Upside Warning fired.
QCOM
BTC January 19, 45 puts @.01, sold @ .95
UNG
Here’s one out of the dust bin. Just did a reverse split last week and with nat gas up during the arctic blast I’m (sort of) considering #SyntheticShortStock . I’d rather use BOIL but due to the lack of weeklies and no recent splits UNG caught my eye.
Weekly premium is kinda weak but it’s a slow enough mover that over the long haul it could really add up…
No position yet…
BTC NFLX Jan 19 200/197.5…
BTC NFLX Jan 19 200/197.5 .03 sold 1/9 for .25
KR
#SyntheticStock – Not really using LEAPS and probably too long of a duration to qualify as a #Fuzzy. More of a hybrid here….thanks @smasty for the idea.
Sold KR JUL 20 2018 28.0 Puts @ 2.27
Bought KR JUL 20 2018 28.0 Calls @ 2.68
Bought KR JUL 20 2018 26.0 Puts @ 1.44
This gives a net debit of 1.85 for the Jul 2018 position. Add the 2 point max downside and get a max loss possibility of 3.85. Based on that, and the 27 weeks remaining in the trade I only need to average about 14 cents per week in sales to cover the absolute worst case scenario. I’m adding a small hedge out a couple weeks. This would keep me on pace for weekly sales to cover max loss but also still give the trade long deltas all the way up to about 30.75.
For some reason, I don’t have the ba**s to carry these completely unhedged. For now I’m changing it up a little by selling the first hedge with a lot of room instead of being so aggressive right out of the gate.
Sold KR JAN 26 2018 29.5 Calls @ .25
SPX Campaign Closed Early
EWW
#SyntheticStock – Rolling weekly up and out picking up upside and long deltas…
Rolled EWW JAN 12 2018 49.0 Calls to EWW FEB 16 2018 50.0 Calls @ .10 credit
FB Short Puts
#shortputs
$FB STO 1/26 172.50/177.50 BUPS @ 1.40
SPY Jan 19 270/268/273 rolled…
SPY Jan 19 270/268/273 rolled hedge from jan 17 276 to jan 19 276 .30 net cost now .63
FB puts
Using some volatility to sell puts, pre-earnings and post-earnings with the stock at 179.54. IV rank is 87.
Sold $FB Jan 26 172.50 puts @ 1.25
Sold $FB Feb 16 160.00 puts @ 1.25
FB covered call campaign
#CoveredCalls #CoveredCallCampaign #earnings
Got whipsawed on this one… first time in the year since I started this, so not bad.
Sold $FB Jan 26th 182.5 call for 1.30 on Jan 2nd.
Closed it for 5.50 on Wednesday.
Today, we get the dip I wish I’d waited for. But now looking at a run up into earnings, so I sold Jan 26th 180 put for 3.55.
Earnings are Jan 31st. I will look into strangles on the day before.
Another AMZN covered call roll
Rolled $AMZN Jan 26 1255 call up and out to Feb 16 1290 call for 5.75 credit with the stock at 1283.46.
One #Fuzzy Concern One little…
One #Fuzzy Concern
One little thing that concerns me about hedged fuzzies that I wanted to throw out is the real possibility that we’ll start seeing a resurgence of special dividends with the new tax plan. Maybe not this quarter, but this year could be a big year like 2015-16 was for these things. Talk about a hedge killer! Companies on their conference calls are saying they have too much money on their balance sheets—so that means employee bonuses, share buybacks, debit recovery, raised dividends, acquisitions, and special dividends. The last one will catch us by surprise on hedges, ouch!
SPX puts closed
#SPXcampaign Closed on GTC order in pre-market:
$SPX Jan 17th 2730/2705 put spreads for .40. Sold for 6.50.
Good Morning from sunny So…
Good Morning from sunny So Florida
Fishback has their simple VIX…
Fishback has their simple VIX profits available again for $1495. Anyone interested? I am not advertising for them but I have not been able to fully reverse engineer their trigger for switching from VXX to XIV.
If some others are interested we could split price and all learn the trigger for the #vxxgame trades.
KR comparison…
Jan 11 #Fuzzy Land I…
Jan 11 #Fuzzy Land
I don’t quite know how to start this. My life in Fuzzyland has become more of a teenage horror flick. Don’t get me wrong. It’s awesome! It’s morphed into something I never expected. I never expected this trade to have the incredible versatility that it does (especially when unhedged for short term swing trading with limited risk). You’ll have to tell me how much Fuzzy detail you want, because there are SO many fuzzy trades going on now, that it will overwhelm posts. Do you want it all? Maybe just highlights? Maybe just indexes? or UOA? I closed down a lot of fuzzies today for a net profit on closures of $30,210.00 A lot of these were fuzzies with the old $10.00 spread risk design. My newer designs have tighter spreads for less risk. So I’m happy to take the profits and look for opportunities to reset.
1. SPY finally flat on all Spy for $5393.00 YTD (8 trading days) on fuzzies.
2. CVX closed for net $1875.00. The core trade alone was up 330%
3. FAS 1, 2 closed for net $1540.
4. IWM 1,2 opened just yesterday closed for $1280 due to hedges seriously blown out. The cores were up 180% in 1 day.
5. CMCSA, which I unhedged yesterday on UOA I closed today for $2140 profit. The core was up 202%
6. The Fuzzy Biotech Experiment (EXAS, EXEL, GWPH) with just 1 week left to monthly expiration I decided to throw some hedges on. What the heck, what can happen in a week. I’ll tell you what, right after the close EXAS announces a debt offering the stock drops $4.00–so that’s a well-timed hedge.
7. New Fuzzy on DAL Mar 55/55/52.5 for 2.64 already had to manage a hedge once on it
8. New Fuzzy on KR on UOA Mar 2 28/28/26 for .50 unhedged
9. New Fuzzy on KBH Apr 39/39/36 unhedged 1.32
10. CELG hedge rolled to next week 106, will close next week for earnings, this is my oldest fuzzy.
11. JPM I’ve been eagerly awaiting tomorrow to load JPM back into the Fuzzy lineup.
STO 1/8 SPY Jan 19…
STO 1/8 SPY Jan 19 270/268 BuPS BTO SPY 1/19 273 call 1.47
STO 1/10 1/12 276 Call .32
Rolled 276 1/12 to 1/17 .32
net cost 90.50
have an order in to roll again to 1/19 .30
#fuzzy
did I do this correctly Sue??
Options Bistro 