Rolled $MNK Jan 19 30 puts out to Feb 30 puts for .10 credit. Getting another month for the stock to recover and booking the loss in 2017.
Recent Updates Page 357
Will History Repeat
From Schwab Market Update
Perhaps it’s premature (or even a jinx) to mention that if the S&P 500 ends December in the green, it will be the first time in history that U.S. stocks—as measured by that index—were up during every one of the 12 months. The only other year that came close was 1995, which saw a tiny drop of 0.4% in October. Incidentally, this year is most highly correlated to 1995 of all years since the S&P 500’s inception, according to Bespoke Investment Group (BIG). For what it’s worth, 1995 was followed by another strong year in 1996—up 23% for the S&P 500.
WOW HAPPY NEW YEAR
WOW HAPPY NEW YEAR
hedge funds
Saw a web site that looks at what hedge funds are buying/selling. We maybe able to pick up some ideas here.
www.whalewisdom.com
Covering our remote office so…
Covering our remote office so had some time to trade at the end of the day.
GILD rolled 78 put 29 DTE out to 43DTE for 0.4 credit. Original sale was 5.85 after rolls so making a few $ on the trade now.
WDC rolled 90 put 22DTE to 29 DTE for 0.36 credit. Originally sold for 15.45 off rolls so this is still a nice profit.
My thought on the GILD and WDC recoveries is a few more rolls then close out at profit, or once the longs are covered keep it rolling as a #fuzzy. Depends on what the market does but they tend to work well so may keep it going. Both are bi-directional (call/puts/stock) so don’t really care if they move or not. Plus I picked up the dividend on GILD.
SVXY rolled various 105 puts, 1 DTE and 8 DTE out to 2/2 for 2.87-3.37 credits. Original sales were 1.71 and 1.
Happy new year, done until next week unless I add a week the #spycraft tomorrow or roll the profitable Jan 12 IC. Will post if I do it.
LTC Trade
#spec trade
Sold LTC earlier, Like Fuzzy did his trade, at 240.00…Entered a few weeks ago at 98.50…
time to take some profit off the table..
#ironcondor BIDU #shortputspread Feb. 19…
#ironcondor BIDU #shortputspread
Feb. 19 200/210/260/270 for 1.88 with BIDU at 234
AVGO couldn’t get filled on Feb. 250/240 put spreads, tomorrow maybe try again
TAP
#ShortPuts – Booking my highest strikes in an #IRA …
Bought to Close TAP Jan 19 2018 77.5 Put @ .30 (sold for 2.05)
Bought to Close TAP Jan 19 2018 75.0 Put @ .15 (sold for 1.42)
AGQ
Started the #SyntheticShort NUGT trade recently on the gold rally. Silver running too so pulling this one out of the dust bin and watching it again to possibly add a short silver position eventually. Looking at the 36 level for an entry with an add at 40.
ETH
#CryptoCurrency -Risk reduction and booking some gains. Tim Knight suggesting it might re-test the 400 breakout level.
Sold to Close ETH (Ethereum) @ 699.00 (Bought for 167.07)
AVGO
Thanks @Jeff ….I’ll join in with a #ShortStrangles . Worked nicely last time.
Sold AVGO FEB 2 2018 250.0/290.0 Strangle @ 5.00
#spycraft Current profit on the…
Current profit on the Jan 12 IC is approaching goal, currently $106 on 5 contracts and the goal is 130-150. We can probably roll this tomorrow to Jan 26 or at the very latest Tues.
For everyone in any spy, spx, /es trades there is a sell signal from 12/21 and a loading squeeze. Not sure which way it will go, chart says down but be ready to adjust and maybe some opportunity in the new year. If I were putting on a position today probably would just sell the call side and leg into put later.
Update on yesterday post, the cash balance is now $7669 so might be able to add another contract in 2-4 weeks provided we do not need an adjustment.
SPX trades
#SPXcampaign Since $SPX has been up only 5 times in the last 20 years on the last day of the year, I closed the put side of this #IronButterfly. Letting the call side expire.
Closed $SPX Dec 29th 2690/2665 put spread for 7.40. Sold in an #IBroll for 17.55 last week (with 2690/2715 calls)
Also, trying to shake up this dull market: Sold June 3rd 2650/2675/2690/2715 #IronCondor for 6.50. These expire in just two trading days. My expectation is a slight drop tomorrow and then an up day on Tuesday.
SJM
I followed Iceman and bought to close the 105 puts that I also sold @ 1.80
I am still short the .95 puts that I sold @ 1.10
Is anyone familiar with the…
Is anyone familiar with the Volatility Trading Strategies group on FB? I was recently accepted in, haven’t spent enough time with it to determine the quality, members post VIX product trades.
“The purpose of this group is to share volatility trades and trading strategies. To engage in options and stock trades in the following products, VXX, SVXY, XIV, VIX, UVXY, and TVIX. As well as to learn how to better manage these positions with the use of VVIX, /VX futures, market correlations, technical analysis, and economic/fundamental analysis.
Our goal is to provide a transparent, cooperative learning environment where people can post trades, express opinions, and receive feedback to better further their trading.
Spam and bullying will not be tolerated and will result in a ban. BS will only be tolerated at the discretion of the Admins. We want this group set apart, with clean, concise, valuable conversation.
This group will be limited to 249 members to secure the viewing features granted by Facebook to smaller groups, and will have a membership poll if that number is reached. If you find yourself removed from the group for not voting in the poll/inactivity, feel free to request membership again. You are more than welcome!”
#syntheticcoveredcall MYL Sold Jan. 18…
#syntheticcoveredcall #fuzzy MYL
Sold Jan. 18 43 call for .54 to go with MYL trades yesterday
CSX
BTC CSX Dec29’17 55 calls for 0.20, STO was 0.44. These are close to being in the money so NOT rolling the dice for tomorrow! STO Jan5’18 55.5 calls for 0.39.
Fuzzy Week
All my #Fuzzy trades for the week are now managed, so here’s an early weekly recap of everything (the “Total Hedge Collected” includes open orders, and is net of any closures/rolls:
1. JPM: Core debit: 2.51 Net Hedge Collected: $2,540 Revised Core Basis (0.03)
2. DWDP: Core debit: 1.44 Net Hedge Collected: ($60.00) Revised Core Basis 1.50 (unhedged)
3. CELG: Core debit: 2.38 Net Hedge Collected: $1,040 Revised Core Basis 1.34
4. RCL: Core Debit: 3.59 Net Hedge Collected: $1,390 Revised Core Basis 2.20
5. FAS-1: Core Debit: 2.08 Net Hedge Collected: $1,580 Revised Core Basis: .50
6. FAS-2 Core Debit: 2.12 Net Hedge Collected: $1,570 Revised Core Basis: .55
7. LMT-1: Core Debit: 6.20 Net Hedge Collected: $2,450 Revised Core Basis: 3.75
8. LMT-2: Core Debit: 6.20 Net Hedge Collected: $2,550 Revised Core Basis: 3.65
9. MU: Core Debit: 2.80 Net Hedge Collected: $1,220 Revised Core Basis: 1.58
9. CSX: Core Debit: 2.24 Net Hedge Collected: $550 Revised Core Basis: 1.69
10. QQQ: Core Debit: 2.73 Net Hedge Collected: $800 Revised Core Basis: 1.93
11. IWM: Core Debit: 2.25 Net Hedge Collected: $640 Revised Core Basis: 1.61
12. MCD: Core Debit: 3.12 Net Hedge Collected: $1,070 Revised Core Basis: 2.05
13. CMCSA: Core Debit: 1.38 Net Hedge Collected: $560 Revised Core Basis: .82
14. AAPL: Core Debit 5.27 Net Hedge Collected: $1,320 Revised Core Basis: 3.95
15. BABA: Core Debit 9.43 Net Hedge Collected: 965 Revised Core Basis: 7.50
16. CVX: Core Debit: 2.33 Net Hedge Collected: $940 Revised Core Basis: 1.39
Let me save you the time of adding up the hedge numbers: $21,125.00
This represents net hedges including closed (netted for p/l) and open orders. I have definitely NOT seen this number filter down to the bottom line due to pullbacks in underlyings (RCL, CELG, FAS, MU). Also I’m keeping meticulous track now with hedge rounds on sales vs covers to see the average amount of premium retained. It’s roughly looking like 50%–but too soon to say with so many new entries on the list. These trades are still in their infancy as far as roll cycles. JPM and CELG have had the most rolls, many of them are still in their first or second roll cycle. I’m still very happy with how this program is going. Thanks for following along. Like I just said to my friend @MamaCash this morning….nuance hides under bushes until flushed out. So it will take a few more months for me to learn all the nuance behind these. I know @fuzzballl has the nuance nailed, but I have to tear things apart to the core.
AVGO bullish
#ShortPuts Taking a pre-earnings long position in $AVGO. Doing this old school… not diving into the #Fuzzy trades yet.
Sold $AVGO Feb 16th 250 puts for 5.85.
Saw this on Fast Money last night and the chart set up looks good, along with NFLX.
DISH and REGN
#IRA – Trimming some risk in an IRA and freeing up a ton of margin. Booking a few that I’m either not happy with or have made a high percentage of max. More to come later…
Bought to Close DISH MAR 16 2018 42.5 Put @ 1.30 (sold for 1.50)
Bought to Close REGN Jan 19 2018 350.0 Put @ 1.80 (sold for 5.90)
NTES
#ShortStrangles – Instead of venturing back into NVDA, (still have the #SyntheticStock in a different account) going with one that worked nicely last time and is having a nice down move today. This sale should be well before earnings…
Sold NTES JAN 26 2018 325.0/400.0 Strangle @ 6.20
RIOT
Check out the option premium in RIOT, was looking at a TT trade…
GILD
Rolled 77.5 put 22 DTE to 50 DTE for 0.67 credit. Sold for 5.40 as previous roll, officially break even now. Next roll should bring some cash back in.
NVDA
#ShortStrangles – This one has been a little bit of a hassle. Started as a strangle then became a straddle and then an “inverted calendar”. Picking up nice premium all along so booking and looking to re-center just prior to earnings.
Bought to Close NVDA DEC 29 2017 195.0 Call // JAN 12 2018 197.5 Put @ 7.40 (sold for 11.15 total premium)
ADSK
#SyntheticStock – Still selling. Rolled a small earnings loser into synthetic for a repair trade.
Bought to Close ADSK DEC 29 2017 107.0 Calls @ .03 (sold for .79)
Sold ADSK JAN 12 2018 106.0 Calls @ 1.24
SPX
#RocketManHedge – Watching John Carter’s free video last night…he’s expecting a massive rotation after the first of the year and throwing around downside numbers like 2550 (of course he was super bullish on GLD at 123 around Thanksgiving 🙂 ). Just in case this prediction is a little better I’m giving my hedges a little more room. Booked my last aggressive put sale right at the open today and re-selling a little lower.
Bought to Close SPX DEC 29 2017 2695.0 Put @ 8.50 (sold for 12.10)
Sold SPX JAN 10 2018 2660.0 Put @ 6.50
VRX
BTC VRX Dec29’17 22.5 calls for 0.04, STO was 0.27. Waiting to sell more for next week… could be a minute, could be tomorrow.
Closed Early on GTC AMZN SPX
$AMZN BTC 1/19/2018 1070/1080 BUPS @ .20 86% profit
$SPX BTC 1/12/2018 2765/2740 BECS @ .30 81% profit Thank you @jeffcp66
Good Morning
Good Morning
Good morning
It is so dead that I am tempted to post my Friday expirations this morning.
STO SPX Dec 29 2650/2645…
STO SPX Dec 29 2650/2645 .15
12/27 #Fuzzies With just a…
12/27 #Fuzzies
With just a couple trading days left in the year, my focus today was getting fuzzy rolls completed on anything in-the-money that might be exposed to early assignment due to end-of-year activity.
1. CELG BTC Dec 29 106 c for 1.60, STO Jan 12 107 c for 2.70. Yep….big fake out on this. What was firmly ITM this morning quickly became OTM right after my roll. But that’s why NOT legging the roll benefited me. Crappy price on closing out the 106, but fantastic price on the 107. Roll out and up.
2. DWDP There was some really unique bullish UOA on this yesterday, so I took the risky move of removing my hedge so this can run unfettered. BTC Dec 29 71.5 c for .45, currently unhedged.
3. CSX BTC Dec 29 54 c for 1.26, STO Jan 12 55 c for 1.21, roll out and up.
4. New Fuzzy CVX Jun 125/125/115 for 2.33, Jan 12 127 calls for -.94
5. FAS hedge was down to about .04 so I wanted to get a straight-across roll for .80 to Jan 12, the executed roll-spread numbers were all over the place, but they netted out to my .80 credit for the roll.
6. IWM: Dec 29 153 BTC for .96, Jan 5 154 STO for .96….got $1.00 for nuttin’. Roll out and up.
Fuzzies that still need managed this week:
JPM (in the money)
LMT
SPX calls sold
#SPXcampaign Missed the top and never got an afternoon bounce. So I sold this when we were flat-on-day.
Sold $SPX Jan 26th 2740/2765 call spreads for 1.85.
Closed on GTC orders:
Dec 27th 2665/2640 put spreads (yesterday)
Jan 5th 2570/2545 put spreads (today)
Short Puts AMZN
#shortputs
$AMZN STO 1/19 2018 1110/1130 BUPS @ 2.10
MGM
#SyntheticStock – Squeezing and looking like it wants to go up. Questionable when earnings are but hopefully after where I rolled this. Sitting on a nice profit and picking up another .64 of upside here. May close it all with a break above 35 into the open sky.
Rolled MGM DEC 29 2017 32.0 Calls to FEB 2 2018 32.5 Calls @ .14 credit
#spycraft STO the Jan 19…
STO the Jan 19 260/256 put credit spread at 0.21 and the call side at 272/276 for 0.30 credit. 5 contracts so $255 credit. Goal is about $140 per week for a double in a year. Closing the Jan 5 yesterday was a $160 profit so above the goal so far. We will need some extra cushion for the adjustments.
I closed my Jan 5 IC yesterday, today there are better prices at 0.03 and 0.05. My goal with these is to close them before they can get into too much trouble with the gamma risk. But if you are following up to you whether to close/roll or let expire. I personally have seen too many good profits slip away close to expiration so my plan is a rolling ladder 1-4 weeks out and will close a week or 2 before expiration if I have a profit. I am also looking at my alphashark bollinger band charts to leg in and out, looks flat for a while (momentum sitting right at zero) so opened the IC today 23 DTE.
The account was originally $7140. When it gets to 8k will add a contract, basically every 1k added will add a contract for compounding. Cash value $7555 today so in another few weeks should be able to increase contract size to 6.
No other trades for me until tomorrow and Friday, just need to sit on my hands and let theta decay work its magic.
Chris
TLT
#PerpetualRollingStrangles – Still inverted and still rolling. Collecting premium every month…I call it my #SyntheticDividend … 🙂
Rolled TLT JAN 19 2018 121.0 Calls to FEB 16 2018 121.0 Calls @ .22 credit
Rolled TLT JAN 19 2018 123.0 Calls @ FEB 16 2018 123.0 Calls @ .37 credit
And closed a little bonus trade:
Bought to Close TLT JAN 12 2018 125.0/130.0 Strangles @ .64 (sold for 1.35)
DWDP
Earlier today BTO DWDP Mar’18 +72.5c -72.5p +70p for 0.95. I’m gonna wait to sell against this one, it’s in a tight volatility squeeze, hoping to see a pop. Thanks Sue! and Fuzzy for contributing.
#shortstraddle TWTR Yesterday from DIA,…
#shortstraddle TWTR
Yesterday from the DIA, sold Feb. 16, 24 straddle, for 3.44
#ironcondor #jadelizard FB Followed Fauzia…
Followed Fauzia at TT, sold a jade lizard with a margin reducing put. Feb. 2, 150/167.50/185/187.50 for 2.85
AAOI
#ShortStrangles – Still selling…
Bought to Close AAOI DEC 29 2017 41.0 Calls @ .05 (sold for .85)
Sold AAOI JAN 12 2018 40.0 Calls @ 1.10
BABA
#SyntheticStock – With only half size position in BIDU I’m adding half size in BABA. This all adds up to full size position for China…LOL
Bought to Open BABA JAN 17 2020 175.0 Calls @ 34.72
Sold to Open BABA JAN 17 2020 175.0 Puts @ 29.06
Bought to Open BABA JAN 17 2020 170.0 Puts @ 26.42
This gives a net debit of 32.08 for the Jan 2020 position. Add the 5 point max downside and get a max loss possibility of 37.08. Based on that, and the 107 weeks remaining in the trade I only need to average about 35 cents per week in sales to cover the absolute worst case scenario. And…BABA has great weekly premium.
So:
Sold BABA JAN 5 2018 177.5 Calls @ 1.25
Att bad CEO is laying…
Att bad CEO is laying people off, instead of hiring especially with “the new tax 20% bill”. Am I missing something. Either the CEO should get the boot, or there is something with the new tax bill that we do not understand?
Short Puts NTNX
$NTNX STO 1/19/2018 35 put @ 1.22 Thank you @honkhonk81
UVXY
#SyntheticShortStock – Rolling short puts out and down to unlock max profit on current position. After the next split will add new shorts in 2019 and 2020 so these puts should be just a small blip on the radar when it’s all said and done.
Rolled UVXY JAN 18 2019 10.0 Puts to JAN 17 2020 5.0 Puts @ 2.74 debit
Rolling MZOR Put
#shortputs
$MZOR BTC 1/19/2018 60 put to 2/16/2018 60 put at additional 1.30 credit.
Closing WYNN Early WIN
$WYNN STC 1/19/2018 140/155 BUCS @ 14.50 BTO 10/27 @ 5.80. Squeezed out 94% of max profit.
NUGT roll
#ContangoETFs Rolled a NUGT call to avoid falling ITM:
Closed $NUGT Jan 19th 30 call for 2.96. Sold for 1.30 early in Dec
#Rolling Sold NUGT June 40 call for 3.35
Also, sold highest June strike, 47 call for 2.46.
REGN
#SyntheticStock – Taking my own advice with this one. Sold the covered stock on the bounce and rolling it all into #SyntheticStock. Going in at twice the size for only one fifth of the cash required to hold the stock while drastically reducing risk.
Stock was originally assigned at 470.0 and weeks of call selling has reduced that to a 416.70 basis. Sold the covered stock position this afternoon for 381.40. I’ll roll the 35.30 loss into the basis of the synthetic by adding 17.65 to that cost (since synthetic is twice the size).
Bought to Open REGN JAN 17 2020 400.0 Calls @ 74.06
Sold to Open REGN JAN 17 2020 400.0 Puts @ 71.68
Bought to Open REGN JAN 17 2020 390.0 Puts @ 66.62
Net debit of 69.00 plus 10 dollar downside risk plus 17.65 from existing stock position for a total max loss possibility of 96.65. With 107 weeks for the trade to run only need to sell about 90 cents a week to cover entire worst case scenario.
So:
Sold REGN JAN 5 2018 397.5 Calls @ 1.95
12/26 Fuzzy land trades
NUE: I ended up closing this one for a net net loss of $340.00 How did I lose? It started off as a lovely trade. The round-one hedge expired with full profit. But the company then came out with lowered guidance and the underlying tanked over 3%, so I rolled the next week’s hedge down $2.00 to my synthetic line. We then saw a literal whipsaw correction which left me chasing each week with debit rolls to avoid assignment on my hedge, and ex-div is Thursday. Continuing debit rolls to get me out of assignment territory on the short calls would leave me with protective puts $15.00 ($15,000) away with no “bank” due to debit rolls. To me, chasing only makes sense when you know the underlying is going to stay bid, and to me a $340 loss on a 10-lot is pretty darn close to a scratch. I’d rather do a reset on this or another, vs. having $15K risk on a less-than-$100 stock.
AAPL: This takes the place of NUE. BTO Apr 170/170/160 for 5.27 debit, STO Jan 5 172.5 call for 1.32 cr
QQQ: BTC Dec 29 159c for .03, STO Jan 5 158 c for .47
CMCSA: I did a search on SP500 stocks with a weekly ATR of 2 or less, looking for stocks with decent premium for quick core debit coverage, but stocks that stay relatively stable with price movement. I’m just still playing around with finding the perfect candidates for #fuzzies. Take JPM for example…seems to stay in a very nice range for collecting that premium every single week. So anyway, CMCSA came up on the list, boring maybe, we’ll see how it works. BTO Apr 40/40/35 for 1.38 debit, STO Jan 5 41 call for .56.
BABA: Caught some bullish #UOA on this today, and has lovely weekly premium. Chart technicals not so great. But decided to do a 1/2 size fuzzy. Apr 170/170/160 for 9.43 debit (there’s a few bucks intrinsic in this), Jan 5 175 c for 1.93 cr.
I’ll do another full recap this Friday with every open position, net collection and debit recovery.
MYL again
BTO MYL Apr20’18 +42.5call -42.5put +40put for 1.87. Had an order to sell calls for next week but didn’t get filled so I’ll get back to you tomorrow. Hopefully MYL will settle down and move sideways a couple weeks.
NUGT
#SyntheticShort – Thing’s been on a nice run right up to the 200ma so easing back into a short position. Starting out with about a 40 percent position and going out to Jan 2019. Long GLD so this is a nice hedge that I rode down last time too. I’ll be looking to add the rest of this at NUGT 40 and 45 if we get there…
Sold to Open NUGT JAN 18 2019 32.0 Calls @ 9.04
Bought to Open NUGT JAN 18 2019 32.0 Puts @ 10.69
Bought to Open NUGT JAN 18 2019 34.0 Calls @ 8.43
Net debit of 10.08 with max loss of 12.08. With 55 weeks for the trade to run need to average 22 cents per week to cover worst case scenario.
So:
Sold NUGT JAN 5 2018 29.5 Puts @ .36
$M #ShortPuts – Bought to…
$M #ShortPuts – Bought to close M Jan 19 2018 19.0 Puts @ 0.01.
Originally sold in May at 1.19 as a #FallingKnife trade
SPX Campaign
$SPX STO 1/26/2018 2575/2600 BUPS @ 1.70
APPL. STO 5 JAN 18…
APPL. STO 5 JAN 18 175 CALL @.65 Stock @ 170.46 Little more aggressive then I would normally sell #syntheticstock
#spycraft @jeffcp66 style Trying to…
Trying to roll the Jan 5 IC but having some tradestation issues.
Here is the plan, there is a $180 or so profit on the IC that week, gamma risk increases this next week so I have orders in to roll the Jan 5 261 put to Jan 19 260 put. The Jan 5 257 put to Jan.19 256 put.
The call side the Jan 5 271.5 to jan 19 272 and the Jan 5 275 to Jan 19 276.
Should go for credits around 0.2-0.3 per side depending on final credit.
Was going to open another week later this week but since we have a profit will take it and wait another week or possibly run the ladder 2-4 weeks out instead of 1-3 weeks. Keeps us out of the gamma risk.
IOTA
#Cryptocurrency – Added to my lottery tickets.
Bought to Open IOTA @ 3.86
Still holding:
ETH @ 160.66 basis (Ethereum)
LTC @ 56.94 basis (Litecoin)
XRP @ .254 basis (Ripple)
All for fun….skipping the blackjack tables next couple times through Vegas 🙂 🙂
APPL. BTC 29 DEC 17…
APPL. BTC 29 DEC 17 177.5 CALL @.04 STO 12/22 @0.42 #syntheticstock.
TRTN #coveredcalls Bought To Close…
TRTN #coveredcalls
Bought To Close 2 $TRTN Jan 19 40 calls (covered) @ .75. Sold To Open -2 @ 1.55 on Dec 20 taking 50%.
REGN
Currently in stock with #CoveredCalls but chart looking interesting for going synthetic here. Building a nice base with great weekly premium. Slightly underwater on the stock so looking at rolling into synthetic at double size similar to EWW earlier. Much much lower cash outlay and much much less downside risk on the synthetic.
NUGT
Sold $NUGT Jan 18 2019 64 call @ 3.65. Highest strike.
EWW
Been a great ticker this year but odds caught up with me and was early exercised on Jan monthly 54 strike puts. Sold the covered stock on the bounce and rolling it all into #SyntheticStock. Going in at twice the size for only one fifth of the cash required to hold the stock.
Stock when assigned was at a 51.70 basis and sold for 47.65 this morning. I’ll roll the 4.05 loss into the basis of the synthetic by adding 2.03 to that cost (since synthetic is twice the size).
Bought to Open EWW JAN 17 2020 48.0 Calls @ 6.90
Sold to Open EWW JAN 17 2020 48.0 Puts @ 6.79
Bought to Open EWW JAN 17 2020 46.0 Puts @ 5.65
Net debit of only 5.76 plus 2 dollar downside risk plus 2.03 from early exercise loss for a total max loss possibility of 9.79. With 107 weeks for the trade to run only need to sell about 9 cents a week to cover entire max loss.
So:
Sold EWW JAN 12 2018 49.0 Calls @ .34
SVXY
This was originally a #TakeOneForTheTeam trade. I tried…LOL Seemed to help a little at least. Booking it for good gain and looking to sell similar on next pullback.
Bought to Close SVXY DEC 29 2017 130.0/125.0 Bull Put Spreads @ 1.19 (sold for 2.98 and 2.80)
$NUGT #CoveredCalls – Sold NUGT…
$NUGT #CoveredCalls – Sold NUGT Mar 16 2018 40.0 Calls @ 1.41.
$HP #ShortPuts – Bought to…
$HP #ShortPuts – Bought to close HP Mar 16 2018 37.5 Puts @ 0.05. They won’t trade any lower and it’s almost 3 months until expiration.
Originally sold in August at 1.70, 1.90, 2.05 and 2.20 as #FallingKnife trades.
$SVXY #ShortPuts #IRA – Got…
$SVXY #ShortPuts #IRA – Got a few off before SVXY bounced again
Sold SVXY Jan 19 2018 60.0 Puts @ 0.55
Sold SVXY Jan 26 2018 60.0 Puts @ 0.68
AAPL
#SyntheticStock – Taking advantage of the pullback to book this one. Been fighting the front month ITM calls for awhile. Good chance to close it for a nice winner and look to reset possibly after earnings.
Sold to Close AAPL JAN 17 2020 155.0 Puts / 155.0 Calls Synthetic Stock @ 18.10
Sold to Close AAPL JAN 17 2020 145.0 Disaster Puts @ 10.70
Bought to Close AAPL FEB 2 2018 167.5 Calls @ 7.45
Net credit to close of 21.35. Basis in the position after other front month sales was 17.38
Net gain of 3.97 per spread. I’ll take it considering the front month sales have been DITM from almost the very beginning.
SPX puts sold
#SPXcampaign Sold to Open $SPX Jan 26th 2600/2575 put spreads for 1.70.
Econ Calendar for week of 12/25/17
Be sure to periodically click “Home/REFRESH” to keep Bistro features updated.
Good morning
The last week of trading is here.
Merry Christmas!
I hope everyone is enjoying opening presents and eating great food! Not running scans for fuzzies like I am 🙂 My trading is very diverse, and probably seems a bit all over the place to some folks. So, since I’m so very interested in #Fuzzies, I thought I’d scale back my reports to be fuzzy-centric for now.
Here’s is a list of all my current fuzzies, what I’ve collected, and where I stand in the trade debit reduction:
1. JPM: Initial Trade Debit: $2.51 Total Collected: $2,120 Revised Trade Basis: $.39
2. DWDP: Initial Trade Debit: $1.44 Total Collected: $390 Revised Trade Basis $1.05
3. CELG: Initial Trade Debit: 2.38 Total Collected: $2,640 Revised Trade Basis: $(.26)
4. RCL: Initial Trade Debit: 3.59 Total Collected: $1,390 Revised Trade Basis: $2.20
5. FAS-1: Initial Trade Debit: 2.08 Total Collected: $780 Revised Trade Basis: $1.30
6. FAS-2 Initial Trade Debit: 2.12 Total Collected: $770 Revised Trade Basis: $1.35
7. *LMT-1: Initial Trade Debit: 6.20 Total Collected: $1500 Revised Trade Basis: $4.70
8. LMT-2: Initial Trade Debit: 6.20 Total Collected: $1600 Revised Trade Basis: $4.60
9. MU: Initial Trade Debit: 2.80 Total Collected: $1,220 Revised Trade Basis: $1.58
10. CSX: Initial Trade Debit: 2.24 Total Collected: $600 Revised Trade Basis: $1.64
11. QQQ: Initial Trade Debit: 2.73 Total Collected: $360 Revised Trade Basis: $2.37
12 NUE Initial Trade Debit: 1.87 Total Collected: ($150.00) Revised Trade Basis: $2.02
13. IWM: Initial Trade Debit: 2.25 Total Collected: $640 Revised Trade Basis: $1.61
14. MCD: Initial Trade Debit: 3.12 Total Collected $1070 Revised Trade Basis: $2.05
***Closed Fuzzies on LMT and TWTR total 1213 in profit
A couple of these have required debit rolls: NUE, IWM, QQQ, DWDP
Woo Hoo, Portland gets a…
Woo Hoo, Portland gets a White Christmas!
I Think We Missed Again, Oh
#VIXIndicator CBOE is showing closing VIX price of 9.90. Upside Warning denied third time in a row!
Merry Christmas to all here!!
Thanks Jeff for hosting us here,great place to share ideas!!
OptionsExpiration
$SVXY $70 puts
$SVXY $75 puts
$SVXY $80 puts
$UVXY $ 22.50 calls (last $UVXY position other than Jan’19 Leaps)
$RCL $124 #coveredcalls
$DWDP $71 calls, allowing 1/3 of position to be called away
Other trades today
Rolled $V $112 #Coveredcalls from 12/22 to 12/29 for $0.50 credit
STO $RCL Jan 5 $124 calls @ $1.20 to replace those expiring today.
I’m getting really bored
Options Bistro 