$KHC #ShortPuts #FallingKnife – Sold 1 KHC Apr 20 2018 70 Put @ 1.65.
Recent Updates Page 390
#shortcallspreads TSLA Closed 2 Oct…
#shortcallspreads TSLA
Closed 2 Oct 20 TSLA 385/390 BeCS for .31 sold Sept 26 for 114
#ironcondor AMZN Sold Oct. 20…
#ironcondor AMZN
Sold Oct. 20 915/920/1000/1005 IC at 1.24, stock at 962, earnings Oct. 25
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close UVXY3(5 shares) Jan 19 2018 60.0 Calls @ 0.01.
Cleaning up old positions in several accounts.
Originally sold on 10/13/16 @ 6.75 and again on 11/03/16 @ 7.30
HCA
I have a Nov. 17 82.50 put I’ve rolled from an earnings strangle gone wrong (going to be allright).
Looking at HCA, today there have been exactly 1000 82.50 puts and calls traded , no other options traded at any price so far. hmmm
$MYL #CoveredCalls – Sold MYL…
$MYL #CoveredCalls – Sold MYL NOV 3 2017 35.0 Calls @ 0.38 with the stock at 32.43
$TSCO #ShortPuts – Bought to…
$TSCO #ShortPuts – Bought to close TSCO Oct 20 2017 55.0 Puts @ 0.05.
They won’t trade any lower.
Originally sold on 04/13/2017 at 1.25.
$MRO #ShortPuts – Bought to…
$MRO #ShortPuts – Bought to close MRO Oct 20 2017 11.0 Puts @ 0.01.
They won’t trade any lower.
Originally sold on 04/19/2017 at 0.37 and added more on 05/05/2017 at 0.46.
SPX trades
#SPXcampaign.
Yesterday, Stopped $SPX Oct 9th 2515/2540 call spreads for 13.45. Sold in a #CondorRoll for 9.95 on Sept 18th.
Sold Oct 6th 2515/2490 put spreads for 2.00.
tt Research Cherry Picks
http://tinyurl.com/ydytn8jz
Good morning
SPX Campaign/Short Puts
#spxcampaign
Following the @jeffcp66
$SPX STO 10/16 2500/2475 BECS @ 22.80
$SPX STO 11/3 2600/2575 BECS
#shortputs
$WYNN STO 10/20 135/145 BUPS @ 2.45
RIP Tom Petty
#OffTopic – Aw man….saw him a few times. That sucks.
https://chicago.suntimes.com/news/tom-petty-on-life-support-after-being-found-unconscious-tmz/
Another close, another record. At…
Another close, another record. At some point this is not going to end well for a lot of people but until then I plan to keep a lot of cash handy.
Can make more money in a bear market quicker!
Trade smart and keep some powder dry…………..
Reducing some more of my short volatility position
Into market strength. I still have other positions in these months.
Bought to close:
$UVXY Nov 17 80 calls @ .29. Sold for 3.20 and 3.70 on 9/5.
$UVXY Dec 15 82 call @ .85. Sold for 11.00 on 8/11.
Closing some more NUGT
Took some December positions off for most most the profit. Frees up some buying power.
Bought to close:
$NUGT Dec 15 58 calls @ .38. Sold for 4.30 on 5/24, 5.00 on 6/6, 2.00 on 8/28.
$NUGT Dec 15 60 calls @ .34. Sold for 2.10 on 8/31.
$NUGT Dec 15 63 call @ .27. Sold for 2.80 on 9/7.
$TSN #ShortPut – Bought to…
$TSN #ShortPuts – Bought to close 1 TSN Jan 19 2018 47.0 Put @ 0.05.
It won’t trade any lower and it won’t expire until next year.
Originally sold on 05/17/17 at 1.20 as a #FallingKnife trade
Closing Oct FLR
Position is now profitable after spending months in the red. With the stock now just above the strike and still almost 3 weeks to go until expiration I decided to take it off for near 60% of the profit before it changes its mind.
Bought to close $FLR Oct 20 42.50 puts @ .59. Sold for 1.40 on 5/5.
$RRC #CoveredCalls – Sold RRC…
$RRC #CoveredCalls – Sold RRC DEC 15 2017 27.0 Calls @ 0.25
$SVXY Sold to open Nov…
$SVXY Sold to open Nov 3rd 85 Put for 3.10 when $SVXY was at 95.67. Reentered after the assignment last Friday.
#SPX #SPXcampaign Closed my spreads…
#SPX #SPXcampaign Closed my spreads this morning, Oct 13 2565/2545/2420/2400 for a 0.46 profit after commissions. I decided to close my Oct 20th 2570/2550 call side and am waiting for the 2380/2360 to close which will close this one out for a loss of around 0.50. I closed my Oct 27th 2585/2565/2320/2300 for a loss 0.55 loss
SVXY
STO December 2017, 40 puts @.84
VXX
#LongPutDiagonals #SyntheticShortStock – Rolling the whole position for now. On this one looking at maybe later on rolling half to 2019 ITM call spreads @ even (possibly around a 20/30 BeCS) and just regular rolling the other half.
Rolled VXX OCT 20 2017 42.0 Puts to JAN 19 2018 38.0 Puts @ .80 credit
UVXY
The #LongPutDiagonals may be slightly disappointing with their performance but these sure aren’t!
Bought to Close UVXY OCT 20 2017 50.0/65.0 Bear Call Spreads @ .08 (sold for 1.20)
WDC rolled this week 87…
WDC rolled this week 87 put down to 86.5 DTE 18 for 0.33 credit. Quicker on this one to take assignment and convert to CC but I have some margin that releases next week and will make taking the shares easier on the account.
UVXY
#LongPutDiagonals #SyntheticShortStock – Taking my medicine on this one…tired of looking at it. Spending some of the front month premium received to roll way out and down.
Rolled UVXY JAN 19 2018 20.0 Puts to JAN 18 2019 10.0 Puts @ 1.47 debit.
Weekly puts had brought in 2.87 so leaving 1.40 in credit on these which caps my gains to the downside at 8.60.
So…synthetic short at 30.00 with max gain capped at 21.40 points with UVXY below 8.60 on the downside.
21.40 max gain minus the cost of the trade of 16.30 leaving a gain of 5.10 per spread. Ok but not great. It was done in a big enough size to definitely make it worthwhile. I think @vxxkelly has the right idea on this one…set it and look at it again in a year without messing with any front month positions.
Hey…what can I say?…LOL It was an experiment that hopefully everyone that tried it makes a little with almost zero stress in the trade!
🙂 🙂
EWW
#PerpetualRollingStrangles – Just another roll for a small credit. Sold against Dec 51 calls…
Rolled EWW OCT 6 2017 56.0 Puts to NOV 17 2017 55.0 Puts @ .15 credit
SPX calls sold
#SPXcampaign. Sold to Open $SPX Nov 3rd 2575/2600 call spreads for 1.75.
Oct CMG
I already have some positions on in CMG but this one seemed tempting with IV as high as it is (IVR is 88)
Sold $CMG Oct 20 275 puts @ 2.05
Delta is 15
SPX rolls sold
#SPXcampaign
Sold $SPX Oct 16th 2515/2490 put spreads for 4.50, as #ReverseRoll from Oct 13th calls stopped this morning.
Sold Oct 16th 2475/2500 call spreads for 22.35 as #ITMroll from Oct 9th calls stopped this morning.
HCA covered call
#Earnings #LongStock #CoveredCalls
Sold $HCA Oct 20th 82.5 covered call for .75, adding to the position.
Looks like earnings are last week of October. Hopefully stock can recover up to 82 area so I can exit before then, but may play through earnings if necessary.
#FlyingKnife (inverse of falling knife)…
#FlyingKnife (inverse of falling knife)
Check $TRN, might opportunity to sell calls, but they are very thin.
SPX trades
#SPXcampaign. Sold to Open $SPX Nov 3rd 2435/2410 put spreads for 1.50.
STOPPED: SPX Oct 13th 2535/2560 call spreads for 4.40. Sold for 1.50 on Sept 11th. Working on a reverse roll for Oct 16th.
STOPPED: SPX Oct 9th 2470/2495 call spreads for 23.85. Sold last Monday for 17.60. Working on #ITMroll for Oct 16th.
Closed on GTC orders:
Oct 11th 2410/2385 put spreads for .20. Sold in a #CondorRoll for 3.75 on Sept 12th.
Oct 13th 2400/2375 put spreads for .20. Sold for 1.50 on Sept 12th.
$ZGNX #ShortCalls – I had…
$ZGNX #ShortCalls – I had a few extra short puts so I’m adding new calls to create more strangles.
Sold 1 ZGNX Oct 20 2017 50.0 Call @ 1.15
Sold ZGNX Oct 20 2017 55.0 Calls @ 0.55 – highest available strike price.
$MNK #ShortPuts – Bought to…
$MNK #ShortPuts – Bought to close MNK Oct 20 2017 30.0 Puts @ 0.05.
Originally sold on 03/27/17 at 1.65 as one of many #FallingKnife trades on this stock.
$TGT #ShortPuts – Bought to…
$TGT #ShortPuts – Bought to close 1 TGT OCT 20 2017 45.0 Put @ 0.01. It won’t trade any lower.
Originally sold on 03/27/17 at 1.30 as a #FallingKnife trade.
Econ Calendar for week of 10/2/17
Please click “Home/REFRESH” above to update Bistro features for the day.
#spxexpectedmove
Good morning
I have no large positions until December. What am I going to do to keep busy and make money?
Expired/Closed Early/Trades
#optionsexpiration
$SPX 2500/2475 BECS @24% loss
$FB 180/182.5 BUPS @ 15% loss
$AAOI 55 put
Closed Early
$NVDA BTC 10/20 220/200 BECS @ 85% profit
$AAOI BTC 10/20 65 put @6.00 STO @ 11.25
$AAOI BTC 9/29 60 put @ .20 STO @ 1.70
$TSLA BTC 10/20 420/400 BECS @82% profit
$SPX BTC 9/29 2475/2500 BUPS @ 96% profit
Trades
#spxcampaign
$SPX STO 10/6 2460/2485 BUPS @ 3.35
$SPX STO 10/27 2390/2415 BUPS @ 1.75
$SPX STO 10/20 2550/2570 BUPS @ 1.10
#shortputs
$PI STO 10/20 35 puts @ 1.15
$CALA STO 10/20 15 puts @ 1.15
$TAP STO 1/19/2018 75 puts @ 1.45 and 1.60
$TAP STO 1/19/2018 77.5 puts @ 2.10 This beer is for you @optioniceman
$WYNN STO 10/6 148 put @ 1.72 Inspired by @fuzzballl
#longcalls
$MSFT BTO 11/17 72.50/75 BUCS @ 1.40
Thanks to all for the continuing education.
Have a great week of trading.
ZGNX – the drug is not even in phase III trials yet so the stock is a bit ahead of itself.
https://www.bizjournals.com/sanfrancisco/news/2017/09/29/zogenix-zgnx-epilepsy-dravet-cns-seizures.html
OptionExpiration
Hey Gang was away on friday and over the weekend. These were my expiring positions:
$SVXY $66 puts
$UVXY $31.5 calls
$UVXY $91 calls
$VXX $45 calls
$VXX $47.5 calls
Hope you all had a great weekend.
Good morning
Only 2 expirations and no more volatility trades until December.
SVXY40 puts
SVXY 45 puts
Afternoon all. Only one this week.
#OptionsExpiration $SVXY 85 Call Assigned. Letting my stock go. Back to sans stock.
Have a great weekend all.
#OptionsExpiration #Weeklys #Sep29 – It’s…
#OptionsExpiration #Weeklys #Sep29 – It’s the end of the third quarter and nothing is going on. I did let a couple of lots of $SVXY go very near the all time high.
Record $VIX lows for September means I’m not putting on new trades.
I guess I’ll wait for earnings season.
— Expirations —
AZO (Weekly) Sep 29 2017 660 Calls
NUGT (Weekly) Sep 29 2017 30 Puts
UVXY (Weekly) Sep 29 2017 91 Calls
— Assigned —
SVXY (Weekly) Sep 29 2017 89 Calls (Covered)
SVXY (Weekly) Sep 29 2017 91.5 Calls (Covered)
$SVXY #CoveredCalls- At various times…
$SVXY #CoveredCalls- At various times during the day I rolled most of my calls
Bought to close SVXY SEP 29 2017 86.5 Calls/Sold SVXY OCT 13 2017 89.0 Calls @ 0.12 Credit
Bought to close SVXY SEP 29 2017 87.5 Calls/Sold SVXY OCT 13 2017 90.0 Calls @ 0.21 Credit
Bought to close SVXY SEP 29 2017 88.5 Calls/Sold SVXY OCT 13 2017 91.0 Calls @ 0.15 Credit
FYI: CNBC “The Fed: POTUS…
FYI: CNBC “The Fed: POTUS says he will make Fed chair decision in the next 2 to 3 weeks.” …a developing story.
No expiry for me, have good weekends, all.
#optionladder BTC XBI 10/20 78…
BTC XBI 10/20 78 put for 0.16. Sold for 0.94. No point in leaving the risk for $16 in theta over 21 days.
Sometime the market gods giveth, sometimes they taketh away. No point in tempting the market gods!
Apparently the SPX and SVXY only go up forever although the charts are starting to look like 2000 and 2008 so there may be a lot of irrational exuberance. So my SVXY 78 call (14 DTE) which I just rolled last week is still DITM and the time value was down to 0.12 so rolled to 28 DTE 78 for 1.15 credit. Brings cost basis down to 10.97 and 16.05 depending on lot.
Now profit is $5312 in 7 weeks on 4 contracts and I am not complaining but if I had not sold the short calls and just did the synthetic long with the protective put would be up 7k+.
I will try to roll it up if we ever get a pullback but right now so far ITM hard to roll it up for a credit unless I go way out in time.
Maybe better just to sell puts on this one and take assignment to go long or start a synthetic long on a volatility spike. Will keep the experiment going, there are still 68 weeks left for it to play out but the first 7 weeks are promising!
I am done paying for option services but Fishback just made their high accuracy options DVD available for $99. Usually sells for $2000. I doubt there is anything earth shattering in it, but they had 300% returns confirmed last year so for $99 I think it is worth taking a look. I will get it and if I discover anything new pass it along. Tripling an account in 1 year would certainly help anyone’s bottom line and I believe that included about 5 losses, not sure if it went full loss or they closed it early or were able to roll it and that is what I am interested in. I think they stick with SPY and QQQ.
If any
Closing BBY
Continuing to lighten up on mostly profitable positions.
Taking $BBY Oct positions off for most of the max profit.
Bought to close:
$BBY Oct 20 52.50 puts @ .23 (sold for 1.46 on 8/29)
$BBY Oct 20 50.00 puts @ .08 (sold for 1.00 on 8/29)
Closing TSN
Bought to close $TSN Jan 19 2018 47 puts @ .05. Sold for 1.15 on 5/10.
UAA
#CoveredCalls -What a dog…just gotta keep chipping away at it.
Sold UAA APR 20 2018 22.5 Calls @ .40
REGN
#ShortPuts – Nice bounce today. Instead of rolling my 470 put I’ll be taking stock at a basis of 447 covered with an Oct 460 call sold early a couple weeks ago. Wild swings in this thing! Earnings estimated to be Nov 3rd…
ISRG
https://www.fool.com/investing/2017/08/20/intuitive-surgical-stock-split-everything-you-need.aspx
SVXY
#CoveredCalls – Keeping a little stock for at least a couple more weeks…
Rolled SVXY SEP 29 2017 91.5 Calls to OCT 13 2017 93.0 Calls @ 1.73
AAPL
#LongCallDiagonals #SyntheticStock -Yesterday…been waiting for some sort of a pullback to get in this long term Whiz style. With the 2020 Leaps now available and the stock dropping a little I put on a starter position at one third size. Hoping to get some chances to add…possibly closer to the 200ma.
Bought to Open AAPL JAN 17 2020 155.0 strike #SyntheticStock (buy the calls and sell the puts)
Bought to Open AAPL JAN 17 2020 145.0 Put for disasters (I would take put profits and add to the long position)
Net debit of 19.20 for the Jan 2020 position.
Sold AAPL OCT 6 2017 155.0 Calls @ .95
With 120 weeks to run only need to sell .16 per week to cover the cost. Any more than that goes to the bottom line even if AAPL goes nowhere. Worse case scenario would be they discover iPhones cause cancer and the stock goes to zero. Max loss at that point would be 29.20. To offset that scenario a weekly sale of .24 will be needed.
Edited for clarity of synthetic stock…
VXX
#LongPutDiagonals – Yesterday…
Rolled VXX SEP 29 2017 43.5 Puts to OCT 20 2017 42.0 Puts @ .22 credit
$UVXY #ShortCalls – #ClassicVXXGame -…
$UVXY #ShortCalls – #ClassicVXXGame – Bought to close 1 UVXY Jan 18 2019 65.0 Call @ 7.50
Originally sold on 08/10/17 @ 20.00
I only have 1 more of these left, plus some strike 75’s as well.
WYNN
#ShortStrangles – Still rolling around collecting premium for eventually taking some stock. Rolled short calls up and out and selling aggressive weekly puts…
Bought to Close WYNN SEP 29 2017 145.0 Puts @ .01 (sold for 2.15)
Sold WYNN OCT 6 2017 152.5 Puts @ 4.65
Spending a little of the weekly premium to roll the ITM calls…
Rolled WYNN SEP 29 2017 127.0 Calls to NOV 17 2017 130.0 Calls @ 1.68 debit
TAP
#ShortPuts #IRA – Thanks @Iceman !
Sold TAP Jan 19 2018 77.5 Put @ 2.05
Sold TAP Jan 19 2018 75.0 Put @ 1.42
Sold TAP Apr 20 2018 75.0 Put @ 2.64
Sold TAP Apr 20 2018 70.0 Put @ 1.53
Volatility
According to the WSJ, this September is the least volatile for the S&P 500 since 1951 or about 66 years.
SPX trades
#SPXcampaign. $SPX.
Yesterday,
Closed on GTC order: SPX Sep 29th 2475/2450 put spreads for .20. Sold for 1.65 on Sep 21st.
Sold half of long position: STC Sep 29th 2515/2530 call spreads for 1.50. Bought for 2.00 last Friday.
Lottery ticket crash trade: Bought Oct 6th 2400/2375 put spreads for .20.
Today:
Closed Oct 6th 2485/2510 call spreads for 19.30. Sold last Friday for 16.50.
#ITMroll. Selling Oct 13th 2490/2515 call spreads, not filled yet.
Sold Oct 27th 2560/2585 call spreads for 1.50
New VIX low and all-time…
New VIX low and all-time SPX highs
October Surprise
#SyntheticShort – Just throwing this out there…
Whiz, FWIW, is really getting concerned about the market going into October. I understand he’s always trying to act like a big shot know it all guy but supposedly his connections he still has in the Navy from his Top Gun days are getting worried. He says…”something is coming” and it’s gonna be bad. Obviously he says he may be wrong but who knows.
He’s throwing around all sorts of hedge ideas but most have about 5k risk for limited protection (unless outright buying of puts). I threw this idea out there to him and waiting for a response. How’s this look for a hedge that will work all the way to zero for limited risk? It’s similar to just buying the puts but with little to nothing out of pocket up front.
How about synthetic short Nov SPX at 2500 (sell call and buy put). Then buy a protective call at 2550 in case we get a rip your face off rally. Net cost out of pocket of about a buck. This hedge should make money all the way to SPX zero with max loss capped at 2550 to the upside. What am I missing? Still risking the usual 5 grand but with unlimited protection to the downside. Sort of a reverse long call diagonal but on a much shorter time frame…
$TAP #ShortPuts #FallingKnife – A…
$TAP #ShortPuts #FallingKnife – A couple of small speculative trades in an IRA that is almost 100% in cash.
Sold 1 TAP Oct 13 2017 78.0 Put @ 0.35
Sold 1 TAP Oct 20 2017 78.0 Put @ 0.50.
The stock is above 81 and earnings are not until Nov 1.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY Jan 19 2018 65.0 Call @ 2.23.
I still have a couple more to cover plus I’m short 82 and 91 calls as well.
Originally sold on 08/10/17 @ 11.20
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY Dec 15 2017 65.0 Call @ 1.49.
I still have more to cover but I see no need to rush.
Originally sold on 8/9/17 @ 7.00
$GWW #ShortCalls – Sold 1…
$GWW #ShortCalls – Sold 1 GWW Apr 20 2018 230.0 Call @ 1.95.
Paired with short puts sold on the last major dip.
$FOSL #CoveredCalls – Sold FOSL…
$FOSL #CoveredCalls – Sold FOSL Mar 16 2018 15.0 Calls @ 0.50 with the stock at 9.72
$TAP #ShortPuts #FallingKnife – I’m…
$TAP #ShortPuts #FallingKnife – I’m guessing beer sales are off with fewer fans watching the NFL. NOT!!
Sold TAP Nov 17 2017 77.5 Puts @ 1.30
Sold TAP Apr 20 2018 70.0 Puts @ 1.65
$ZGNX #ShortPuts – Sold ZGNX…
$ZGNX #ShortPuts – Sold ZGNX OCT 20 2017 2.0 Puts @ 0.40 on the opening this morning.
$AAOI #ShortPuts After some consideration…
$AAOI #ShortPuts After some consideration I decided to sell to open Oct 06th 60 Puts @ 1.20 when $AAOI was at 64.34. Short leash. Short time frames. Small position. No assignment.
$SPX #spxcampaign Bought to closed…
$SPX #spxcampaign Bought to closed my Oct 06th 2420/2400 BuPS @ 0.35. Originally sold for 0.90 as part of a class IC.
Reducing some NUGT exposure
Taking positions off for most of the profit to trim back size in this ticker.
Bought to close:
$NUGT Oct 20 50 calls @ .07. Sold for 1.30 on 8/28
$NUGT Nov 17 60 calls @ .15. Sold for 1.30, 1.45 and 1.75 from 8/31 – 9/5
$NUGT Nov 17 63 calls @ .12. Sold for 1.55 on 9/7
TSLA
#ShortStrangles – Another small adjustment…
Rolled TSLA OCT 20 2017 365.0 Call to OCT 20 2017 355.0 Call @ 2.32 credit
Currently sitting at Oct 20th 345/355 @ 11.37 credit
WDC
#ShortStrangles – Starter position just prior to earnings…
Sold WDC OCT 20 2017 80.0/92.5 Strangles @ 1.22
