#CoveredCalls – Sold TEVA NOV 3 2017 15.5 Calls @ .32
Recent Updates Page 387
REGN
#CoveredCalls – Still keeping these in the expirations prior to earnings…
Bought to Close REGN OCT 20 2017 460.0 Call @ .10 (sold for 10.65)
Then:
Sold REGN OCT 27 2017 450.0 Call @ 3.50
TSLA
#ShortStrangles – Yesterday took advantage of the bounce to book an inverted strangle at a decent profit…
Bought to Close TSLA OCT 20 2017 360.0/350.0 Inverted Strangle @ 14.00 (sold for 17.50)
AAOI
#ShortStrangles – At various times this week…
Bought to Close AAOI OCT 20 2017 48.0 Calls @ .01 (sold for 1.20)
Sold AAOI NOV 3 2017 44.0 Calls @ 1.00
Rolled AAOI OCT 20 2017 80.0 Puts to NOV 17 2017 80.0 Puts @ 1.25 credit (basis in these down to 61.08)
GWW
#ShortPuts #IRA – Following @Iceman …. just a couple strikes higher.
Sold 1 GWW APR 20 2018 160.0 Put @ 3.80
$UVXY
Nibbled
STO Oct 27 $25 calls @ $0.33
Morning all Sold to open…
Morning all Sold to open $SVXY Nov 10th 80 Put at 1.65 with $SVXY at 101.45.
$GWW #ShortPuts – Sold 1…
$GWW #ShortPuts – Sold 1 GWW APR 20 2018 150.0 Put @ 2.90 with the stock at 204.65.
The strike price is 5 points below the yearly low
SPX puts sold
#SPXcampaign
Sold to Open $SPX Nov 16th 2465/2440 put spreads for 1.50
VXX game trades
#VXXgame
BTC $SVXY Dec 105 call for 8.20. Sold in the 90/210 strangle (pre-split) for 6.45 (effective price) in May.
Sold SVXY Dec 90 put for 6.25
Sold SVXY Dec 75 put for 1.65
#LongPutDiagonal BTC $VXX Nov 3rd 42 put for 6.90. Sold for 6.75 as a previous roll.
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY Oct 20 2017 20.5 Calls @ 0.15. These expire tomorrow
Closing NVDA
Been battling this trade since I put it on. Originally a 175/195 strangle for tomorrow’s expiration. I rolled the put side up twice, ending up with a 195 straddle. With today’s down move I decided to take it off for an overall small profit (.27 per contract) and move on. Who knows what today will bring.
Bought to close $NVDA Oct 20 195 straddle @ 3.90.
$MYL #ShortPuts – Sold MYL…
$MYL #ShortPuts – Sold MYL Jan 19 2018 32.5 Puts @ 0.56 with the stock at 37.77.
These will replace similar Oct puts that expire tomorrow.
$AGN #ShortPuts #OptionLadder – sold…
$AGN #ShortPuts #OptionLadder – sold these on the opening with the stock at 184.31
AGN MAY 18 2018 125.0 Puts @ 1.52
AGN MAR 16 2018 135.0 Puts @ 1.28
AGN FEB 16 2018 140.0 Puts @ 1.21
AGN JAN 19 2018 150.0 Puts @ 1.36
Good morning
We have a down opening but I can’t find a reason or any news. It must be the 1987 crash anniversary
SPX puts closed
#SPXcampaign Closed on GTC order: $SPX Oct 27th 2465/2440 put spreads for .20. Sold for 1.45 at end of Sept.
T
#ShortPuts “Having more T”. Taking advantage of 52 week low to reduce cost basis on this 5.49% yielder. STO Nov 17 36 put (ITM) @ .98 when shares at 35.79
Taking off GWW puts
With the stock finally starting to show some weakness, I closed the hedge (short Oct 200 puts) I originally sold against Oct 200 calls which I rolled to Nov earlier. Small profit.
Bought to close $GWW Oct 20 200 puts @ .45. Sold for .70 on 10/17.
AGN #FallingKnife Sold: $AGN Feb…
AGN #FallingKnife
Sold:
$AGN Feb 16 2018 150 put @ 1.50
$AGN Mar 16 2018 145 put @ 1.50
SPX puts closed
#SPXcampaign BTC $SPX Oct 19th 2550/2525 put spreads for .85. These were monthly contracts, sold last week for 3.25.
SKEW is 150 wow. this…
SKEW is 150 wow. this is the first time I see it reaching this level. This means the market will go down
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY Jan 19 2018 65.0 Call @ 1.28.
This is my last short strike 65 call for this month. Still short 82.0 and 91.0 Calls
Originally sold this one on 08/10/17 at 14.80.
SPX trades
#SPXcampaign Yesterday, closed on GTC order: $SPX Oct 18th 2545/2520 put spread for .45. Sold for 5.40 last week.
Today:
STOPPED: Oct 27th 2560/2585 call spreads for 10.55. Sold for 1.50 on Sept 29th.
#CondorRoll Sold Oct 30th 2535/2560/2570/2595 for 11.10. (very tight condor… I will allow either side to get 10-15 points ITM before I consider rolling)
STOPPED: Oct 19th 2555/2580 call spreads for 8.55. Sold for 1.70 on Sept 18th. Not yet rolled
Closed Oct 25th 2500/2525 call spreads for 24.20. Sold for 22.25 last Wednesday.
#ITMroll Sold Nov 1st 2515/2540 call spreads for 22.20. Added Nov 1st 2540/2515 put spreads for 2.70.
$GWW #ShortPuts – Bought to…
$GWW #ShortPuts – Bought to close GWW Dec 15 2017 120.0 Puts @ 0.05. Out 2 months early at minimum value.
Originally sold as a #FallingKnife trade in July at 1.15 and 1.25.
Long Put Diagonal futility
#VXXGame #LongPutDiagonals I’m starting to close down my ITM short puts against the Long-Put-Diagonals, without rolling them. I’ve kept up with rolling but it has become a futile exercise. I will consider new positions in either short calls or puts once we get some new volatility. But for now, I am shouldering the losses rather than building on them further.
The long term long puts are in great shape and should be ripe for closing about a year from now. That’s plenty of time to make up this month’s losses in additional short sales.
BTC $VXX Oct 20th 43 put for 8.44. Sold for 4.01 on 9/22 on a previous roll (with a 46.5 call for 1.44 that just closed for .03). That’s the basic deal; won’t be posting all trades to exit, but happy to answer any questions.
Rolling GWW
With the continued move up, I rolled the Oct 200 calls out to Nov for 2.72 credit. I’m leaving the Oct 200 put hedge to potentially expire on Friday.
$APA #ShortPuts – Bought to…
$APA #ShortPuts – Bought to close APA Oct 20 2017 40.0 Puts @ 0.01.
Also short the 42.5 Puts for Friday and the Jan 35 Puts
Good morning
#spxcampaign I have spx call…
I have spx call nov 8th 2535/2560 have rolled twice and collected $4.00 total.
present price to close is 18.80.
suggestions to close and break even.
thanks in advance.
$GWW #ShortPuts – The earnings…
$GWW #ShortPuts – The earnings report moved the stock a bit, but the conference call lit a fire under it for now. It’s no longer a #FallingKnife but there is still a big earnings gap in the chart from last spring.
Sold GWW APR 20 2018 155.0 Puts @ 3.10. The strike price is at the yearly low.
HCA covered call
#Earnings #CoveredCalls #LongStock Trump talking in the Rose Garden has some healthcare stocks spiking right now.
Sold $HCA Nov 17th 80 call for 1.30
GWW peaking?
Sold $GWW Oct 20 200 calls @ 1.40. Expires Friday.
Notable Earnings After Close Tues/Before Open Wed:
ABT, ADTN, ASML, CP, CREE, FULT, HBHC, IBKR, IBM, LRCX, MTB, MTG, NAVI, NTRS, PNFP, SCSS, SVU, USB
#ironcondor NFLX Sold Nov. 17…
#ironcondor NFLX
Sold Nov. 17 175/180/220/225 for .98
AA Down 1.4%. Earnings after…
AA Down 1.4%. Earnings after the bell tomorrow. Expected move, at current prices $2.45.
Closed Early $WYNN/Earnings Trade $LRCX/Rolling $NVDA/Short Puts $ADBE
$WYNN BTC 10/20 148 put @ 2.00 STO 10/6 @ 5.40
#earningstrade
$LRCX STO 10/20 185/195 BUPS @ 2.76
#shortputs
$ADBE STO 11/17 145/150 BUPS @ 1.60
#rolling
$NVDA 10/20 185 put to 10/20 195 put @ added 1.19 credit. Thank you @ramie77. Now if we can get the short calls corralled.
$PCG #ShortPuts – Bought to…
$PCG #ShortPuts – Bought to close PCG Oct 20 2017 50.0 Puts @ 0.05 to close out a 1 day trade.
Sold these yesterday at an average price of 0.85.
Letting my strike 45 puts run to expiration this Friday.
tt Cherry Picks
http://tinyurl.com/ybmvx384
Edit:
Earnings Cherry Picks issued Sunday, as noted above
http://tinyurl.com/yafnoxep
Expired/Closed Early/SPX Campaign
Expired
#SPX Campaign
$SPX 2500/2475 BECS @ 2.35 loss
Closed Early
$FLR BTC 10/20 42.5 put @ .30 (GTC order) STO 5/5 @ 1.45 Thank you @ramie77
$T BTC 10/20 35 put @ .05 STO 9/8 @ .75 Again Thank you @ramie77
$WYNN BTC 10/20 135/145 BUPS @ 1.00 58% profit (Last week was a losing position.) Getting skittish TTMAR!
#spxcampaign
$SPX STO 10/27 2575/2550 BECS @ 12.50
$SPX STO 10/23 2530/2555 BUPS @ 4.70
$SPX STO 10/25 2525/2500 BECS @ 23.50
SPX rolls
#SPXcampaign
Closed $SPX Oct 23rd 2485/2510 call spreads for 24.45. Sold for 23.05 last Monday.
#ITMroll Sold Oct 30th 2500/2525 call spreads for 23.40.
Stopped SPX Nov 3rd 2575/2600 call spreads for 4.75. Originally sold for 1.65.
Rolled to a Split-Week Condor (a name I just made up):
Sold Oct 23rd 2565/2590 call spreads for 3.70
Sold Oct 30th 2525/2500 put spreads for 1.45
NVDA roll
Continuing to adjust the position. Rolled $NVDA Oct 20 185 puts up to 195 for 1.28 credit, with the stock now at 197.86. This is paired with 195 calls from the original trade (175/195 strangle) which expires on Friday. With rollups, I’ve taken in 4.17 in premium so breakevens are 190.83 and 199.17.
RH no longer flying
AAOI still tanked, however.
GWW earnings
#Earnings Sold $GWW Oct 20th 180/185 call spreads; filled for 2.51 with an order for 2.50, so you can probably get more. 1:1 risk/reward with a very lousy history of earnings. Biggest UP move: 1.6%, Biggest DOWN move: -11.4%, Average move: 3.8%. Negative bias: -3.4%. Stock must move down 1% or more for this trade to retain max profit.
Rolling AAOI
With most of the time value gone, I rolled my deep in the money $AAOI Oct 20 75 puts out to Nov 24 75 puts (weekly series) for 1.50.
This one is gonna be on the books for a while.
$PCG #ShortPuts #FallingKnife – Sold…
$PCG #ShortPuts #FallingKnife – Sold PCG Oct 20 2017 45.0 Puts @ 0.80 with the stock in freefall.
It finally hit the butcher block at 50.
$AAOI I elected to sell…
$AAOI I elected to sell my small holding and take the hit after being assigned at 58. Out at 43.85. Probably should have waited for the end of the day.
$SPX #spxcampaign Covered up my…
$SPX #spxcampaign Covered up my Oct 31st BuPS with a Oct 31st 2600/2625 calls for 0.50 credit.
NFLX earnings
#Earnings $NFLX seems to be the new kickoff for earnings trades, since the banks last week are pretty dull options-wise. Since it rose so much last week, I’m not finding the greatest premium. I’m thinking of buying a bullish #CallButterfly, 210/220/230 for about 1.25. Low risk for a max 8.75 win, and bullish seems to be the only direction it knows. The other trade is to sell an ATM #IronButterfly 190/200/210 for about 8.15. Similar risk/reward if you think it won’t move much (which was the case last January and April). Here are the FIVE-DAY moves after earnings last 12 quarters:
Mon 07/17/2017 AC 16.59%
Mon 04/17/2017 AC -2.97%
Wed 01/18/2017 AC 3.09%
Mon 10/17/2016 AC 27.75%
Mon 07/18/2016 AC -13.07%
Mon 04/18/2016 AC -11.53%
Tue 01/19/2016 AC -6.64%
Wed 10/14/2015 AC -7.74%
Wed 07/15/2015 AC 12.65%
Wed 04/15/2015 AC 19.33%
Tue 01/20/2015 AC 25.41%
Wed 10/15/2014 AC -19.92%
SPX calls sold
#SPXcampaign Sold to Open $SPX Nov 16th 2610/2635 call spreads for 1.50. These are the monthly contracts, stop trading Thursday afternoon and settle Friday morning.
RH flying again
And AAOI tanking
#spxexpectedmove
Econ Calendar for week of 10/16/17
Be sure to periodically click “Home/REFRESH” above to keep Bistro features updated.
Good morning
Another day and still no volatility.
Notable Earnings After Close Fri…
Notable Earnings After Close Fri (Last Week)/Before Open Mon:
None
Notable Earnings After Close Mon/Before Open Tues:
BRO, CE, CMA, CSX, ELS, GS, GWW, HOG, IEX, JNJ, MS, NFLX, OMC, PGR, PLD, SNV, SONC, SYNT, TTS, UNH
http://bit.ly/2xHxw2O
Notable Earnings After Close Tues/Before Open Wed:
ABT, ADTN, ASML, CP, CREE, FULT, HBHC, IBKR, IBM, LRCX, MTB, MTG, NAVI, NTRS, PNFP, SCSS, SVU, USB
http://bit.ly/2xHCjkM
Notable Earnings After Close Wed/Before Open Thurs:
AA, ADS, AXP, BBT, BDN, BHE, BK, BRKL, BX, BXS, CCI, CCK, CVBF, DGX, DHR, DOV, EBAY, EWBC, FNB, GATX, GHL, GPC, HOMB, HXL, KEY, LLNW, MBFI, NUE, PM, POOL, PPG, RCI, SAP, SLG, SLM, SNA, SON, STLD, TCBI, TRV, TSM, TXT, UAL, UMPQ, URI, VZ, WBC, WBS, WGO, WTFC
http://bit.ly/2xHfMov
Notable Earnings After Close Thurs/Before Open Fri:
AIMC, ASB, ATHN, BHGE, CFG, CLF, DST, EEFT, ERIC, ETFC, FFBC, GE, GNTX, HA, HON, IBKC, ISRG, KSU, LHO, MAN, MXIM, NCR, OFG, PBCT, PFPT, PG, PYPL, SKX, SLB, STI, SYF, TACO, TEAM, WAL, WERN
Expiration/Sold Early/Assignment/Short Puts
#optionsexpiration
$SPX 2395/2420 BUPS @ 100% profit
Closed Early
$ALB BTC 12/15 105 put @ .35 STO 8/10 @ 3.70
#assignment
$HIMX 10/13 10 puts @ 10 Basis 9.50
#shortputs
$EXAS STO 10/20/47 put @ .80
#OptionsExpiration Been spending the week…
#OptionsExpiration
Been spending the week in Denver visiting my Mom so haven’t even looked at the market. Hope you all had a great week. This is all I have expiring.
SVXY $55 puts
Have a great weekend
#OptionExpiration
Afternoon. Only 2 positions this week.
$AAOI Oct 13 58 Put Assigned 😦
$SVXY Oct 13th 60 Put Expired 🙂
Have a great weekend all. Fall is finally here in the Piedmont (I hope).
#OptionsExpiration for 10/13 $SVXY Oct…
#OptionsExpiration for 10/13
$SVXY Oct 13 50 puts
I was also assigned early on a portion of $TEVA short 18.50 puts (which I’ve been writing calls against). I’ll keep it (and likely the rest next week) and continue writing calls.
Have a great weekend.
#OptionsExpiration #Weeklys #Oct 13 -…
#OptionsExpiration #Weeklys #Oct 13 – almost nothing this week.
–Expirations —
$SVXY (Weekly) Oct 13 2017 79 Puts
$TAP (Weekly) Oct 13 2017 78 Puts
–Assignments —
$UVXY (Weekly) Oct 13 2017 17.5 Puts
SPX trades today
#SPXcampaign My travels certainly got me backed into a corner to the short side. I managed several ITM rolls but failed to roll away more of them that became ITM. So up to my neck in them now. A pullback to 2500 will net me a huge payday.
Closed on GTC orders:
Oct 27th 2415/2390 put spreads for .20. Sold for 1.50 on Sept 25th.
Oct 23rd 2490/2465 put spreads for .40. Sold for 3.95.
ITM rolls:
Closed Oct 20th 2500/2525 calls for 24.10. Sold for 22.55 last Friday.
Rolled to: Sold Oct 27th 2510/2535 calls for 22.40.
Closed Oct 20th 2530/2555 calls for 20.20. Sold for 5.75.
Rolled to: Sold Oct 31st 2535/2560 calls for 18.05.
Closed Oct 19th 2545/2570 calls for 13.95. Sold for 1.70 on Sept 22nd.
Rolled to: Sold Oct 27th 2550/2575 for 11.65.
Put spreads sold to make up for debits in the ITMrolls:
Sold Oct 19th 2550/2525 puts for 3.25
Sold Oct 23rd 2555/2530 puts for 5.45.
Standard campaign spreads:
Sold Nov 10th 2600/2625 calls for 1.65 (adding to current position)
Sold Nov 10th 2490/2465 puts for 1.55
$ULTA $DISH $ESRX $WBA #ShortPuts…
$ULTA $DISH $ESRX $WBA #ShortPuts #FallingKnife – all S&P stocks at or near their 52Week Low –
Sold ULTA DEC 15 2017 145.0 Put @ 1.45
Sold DISH MAR 16 2018 42.5 Put @ 1.70
Sold ESRX MAY 18 2018 47.5 Put @ 1.37
Sold WBA JUN 15 2018 55.0 Put 1.32
ISRG fat finger
#CoveredCalls – Was long stock covered by next week’s 301.67 calls. Was entering an order to close the entire position at 301.50…willing to give up 17 cents to free up the cash a week early and to not have to hold over earnings. Forgot to adjust the darn price and was filled at 300.88. Ended up costing myself 62 cents but with a basis of 299.13 it’s still a winner.
Had this position on for a long time since a previous earnings play where the call side got demolished on a gap and run. Happy to be out and satisfied with the long grinding comeback!
#antm sto calls nov 10…
#antm
sto calls nov 10 195.50/197.50 @.99
$DUST #ShortCalls – Bought to…
$DUST #ShortCalls – Bought to close DUST Jan 19 2018 90.0 Calls @ 0.05. They won’t trade any lower and carry extra high margin requirements as a 3x product.
They also run for another 3 months.
Originally sold most of these during the DUST run to the high 30’s in Feb at prices from 4.20 to 4.80.
Also sold in early March at 6.80 and 8.00
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY Dec 15 2017 65.0 Call @ 0.76.
Originally sold on 08/10/17 at 10.10.
I still have a couple of these left, sold at higher prices.
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close 1 Jan 18 2019 65.0 Call @ 5.65 with the stock at 16.60.
Originally sold on 08/10/17 @ 22.0.
This is the last of this particular contract. I’ve been averaging down my buybacks just like I averaged up my original sales.
It’s now been over 2 months since the last decent volatility event. I’m wondering if we get to year end without another one.
$UVXY #ShortPuts – another dumb…
$UVXY #ShortPuts – another dumb trade with UVXY at 16.64 and the VIX at 9.55
Sold UVXY Nov 3 2017 15.0 Puts @ 0.74
Have a nice weekend
Once again, I do not have any expirations so will sign off early. Happy triskaidekaphobia.
AAPL
#LongCallDiagonals – Watching this week’s 157.5’s to hopefully expire. Selling new batch a couple weeks out and before earnings…
Sold AAPL OCT 27 2017 160.0 Calls @ .80
SVXY
#CoveredCalls – Keeping a little stock for at least a couple more weeks…
Rolled SVXY OCT 13 2017 93.0 Calls to OCT 27 2017 94.0 Calls @ .59 credit
DGX
STO May 85 puts @ 3.20
A TRADE:
$AA STO 10/20/17 45.0 PUTS @.45, Against my short 45.5 calls.
WDC
#ShortStrangles – Just a quickie. I’ll look to re-establish in earnings week.
Bought to Close WDC OCT 20 2017 80.0/92.5 Strangles @ .19 (sold for 1.22)
AAOI
#CoveredCalls – These aren’t covered yet but they might as well be…
Bought to Close AAOI OCT 20 2017 60.0 Calls @ .05 (rolling this profit into my stock basis)
Sold AAOI OCT 20 2017 48.0 Calls @ 1.20
Selling these a little under my basis but should be able to roll up into earnings if needed…
UHS #FallingKnife Sold $UHS Apr…
UHS #FallingKnife
Sold $UHS Apr 20 80 put @ 1.40
