Sold Aug 11th 1050/1040 BeCS @ 0.80 when $AMZN was at 999.22. Dan had suggested that $AMZN would have a difficult time working back up after the earnings miss. So I’m using this short term trade as part of my class practice.
Recent Updates Page 406
$GRMN #ShortPuts – Sold GRMN…
$GRMN #ShortPuts – Sold GRMN AUG 4 2017 45.5 Puts @ 0.25 with the stock at 50.05
These expire Friday.
The 1 year low on the stock is 46.05 set during earnings season in September 2016
VMC puts
Sold $VMC Sep 15 105 puts @ 1.25. Earnings are tomorrow before the bell.
HP
Followed Iceman at 1.65 on the March 37.5 puts. I think we may have seen a bottom in the oil stocks but, it is not a bull market in that sector.
Today’s earnings: GRPN, GRMN, SODA
#Earnings These orders are all in. May adjust prices if no fill comes soon.
$GRPN Buying the Aug 4th 4 straddle for .62. Biggest UP move: 29.0%, Biggest DOWN move: -26.3%, Average move: 16.0%. -1.59% negative bias. With stock at 3.76, this trade breaks even at +22.9% or -10.1%.
$GRMN Selling Aug 4th 51/49 put spreads for 1.00. Biggest UP move: 16.5%, Biggest DOWN move: -10.7%, Average move: 5.7%. +1.12% positive bias. Bullish chart.
$SODA Selling Aug 4th 57/55 put spreads for 1.00. Biggest UP move: 23.7%, Biggest DOWN move: -8.7%, Average move: 9.1%. A blistering +5.04% positive bias on recent earnings. Seems to be on a bullish run for over a year now.
SRPT short stock
Bought to close $SRPT stock, assigned on earnings on July 21st. Cost basis 41.10.
Yesterday, 100 shares at 41.00
Today, 100 shares at 37.50
Still holding 100 shares with Sept 35 covered put.
SPX puts closed
#SPXcampaign Closed on GTC order: $SPX Aug 2nd 2450/2425 put spreads for .20. Sold for 3.40 on July 21st.
UVXY #shortcalls STO Aug 04…
UVXY #shortcalls
STO Aug 04 $30 call for 0.75, expires Friday
NFLX #shortstrangles BTC Aug 18…
NFLX #shortstrangles
BTC Aug 18 175P/195C for $2.90, sold for $5.60 7/21
$HP #ShortPuts – Sold 1…
$HP #ShortPuts – Sold 1 HP MAR 16 2018 37.5 Put @ 1.70.
Strike is well below the 3 year low on the stock.
$UAA #ShortPuts #FallingKnife – Sold…
$UAA #ShortPuts #FallingKnife – Sold 1 UAA Jan 19 2018 17.5 Put @ 1.69.
I overloaded this account with short (partially covered) Calls yesterday, so I’m balancing the books a bit now.
$SVXY #ShortCalls – Sold 1…
$SVXY #ShortCalls – Sold 1 SVXY JAN 18 2019 165.0 Call @ 6.30 with the stock at 91.84
$TSLA #ShortPuts – Sold TSLA…
$TSLA #ShortPuts – Sold TSLA AUG 4 2017 250.0 Puts @ 0.26. with the stock at 323.44.
These expire Friday
$HP #ShortPuts #FallingKnife – Sold…
$HP #ShortPuts #FallingKnife – Sold a couple more this morning with the stock at 49.81.
Sold 1 HP Dec 15 2017 42.5 Put @ 1.80
Sold 1 HP Dec 15 2017 40.0 Put @ 1.30
Sold HP Jan 19 2018 40.0 Puts @ 1.60
$AAOI
BTC Aug 11th 65 Puts @ .50. Originally sold @ 2.55 Earnings 8/3 After market. I may re-enter depending on the earnins results. I like the Sept Puts that were sold yesterday. Maybe I will get in today. I will let it dwell a bit.
AAPL data
#Earnings Here is info on the last 12 earnings moves (1 day) for $AAPL.
Biggest UP move: 6.5%, Biggest DOWN move: -6.6%, Average move: 4.1%. +0.54% upside bias.
May 2, 2017 AC -0.30%
Jan. 31, 2017 AC 6.09%
Oct. 25, 2016 AC -2.24%
July 26, 2016 AC 6.49%
April 26, 2016 AC -6.25%
Jan. 26, 2016 AC -6.57%
Oct. 27, 2015 AC 4.12%
July 21, 2015 AC -4.22%
April 27, 2015 AC -1.57%
Jan. 27, 2015 AC 5.65%
Oct. 20, 2014 AC 2.71%
July 22, 2014 AC 2.60%
With stock at 149.00, the 6.6% max move would be 139.21, and 158.79.
$NUGT #ShortCalls – Bought to…
$NUGT #ShortCalls – Bought to close NUGT 25/100 Sep 15 2017 18.0 Calls @ 0.01. They won’t trade any lower and still have 45 days until expiration.
These are the old pre-split contracts.
Originally sold in early April @ 1.08 and 1.28.
Just got this.
Notable Earnings After the Close, Tuesday or Before the Open on Wednesday:
AAPL, AAWW, AEGN, AFG, AIZ, ALL, AME, AMRN, AN, APO, ARCC, ARI, ASH, AVA, BBG, BDC, BFAM, BG, BGFV, BPMC, BXP, CAH, CBT, CG, CHSP, CLDT, COHR, CORT, COTV, CRTO, CSU, CYH, D, DEI, DENN, DFIN, DLPH, DNOW, DS, DVA, DVN, DXCM, ENLC, ENLK, ENR, EOG, ETR, EXC, EXR, FANG, FEYE, FIS, FISV, FMC, FSP, FTK, FTR, GNW, GGP, GLUU, GNMK, GNRC, GNW, GPT, GRMN, GRPN, HBI, HFC, HLF, HUM, HYH, ILMN, INXN, IPI, JLL, KBR, KEM, KLIC, KTWO, LNTH, LOPE, MDLZ, MDU, MFA, MMP, MNTA, MRCY, MTCH, MTOR, MTSI, NFX, NI, NJR, NVMI, OCN, OKE, OMI, ONCE, ORBK, OSK, OZM, PAYC, PBA, PCRX, PRTY, PXD, PZZA, QSR, QUOT, RDC, REXR, RIGL, RMD, RPAI, RPT, RPXC, RRC, RUBI, SBGI, SCMP, SHO, SKT, SO, SODA, SPR, SPWR, STAG, STRL, SUM, TAP, TEX, TMHC, TSE, TWX, UIS, ULTI, VMC, VOYA, VRSK, VVV, WAGE, XENT
Notable Earnings After the Close, Wednesday or Before the Open on Thursday:
ABC, AEL, AER, AET, AGN, AGO, AIG, AMAG, AMCX, APA, AR, AREX, ARRS, ARW, AVB, AVP, AWK, AXTA, BCE, BDX, BERY, BGC, BIVV, BLDP, BLL, BMRN, BRKS, CA, CAB, CAKE, CAVM, CC, CDW, CENX, CF, CHD, CHK, CIM, CINF, CLI, CLVS, CLX, CNAT, CNP, CNQ, CNSL, COMM, CONE, COT, CPE, CRUS, CTL, CTSH, CTXS, CXO, DATA, DDD, DISH, DK, DOC, DOX, DUK, ECR, EEP, EGOV, ELGX, EMES, ENB, EPD, EPE, EXEL, FBHS, FIT, FMSA, FORM, FRT, G, GCI, GLOG, GMED, GPN, H, HCLP, HGV, HIMX, HK, HL, HLTH, HMHC, HOLX, HOS, HPP, HR, HSC, HSNI, IAC, ICE, INAP, INN, INOV, INSY, K, KGC, KMT, LADR, LDOS, LNC, LSI, LVLT, MAC, MASI, MET, MOH, MRO, MTDR, MUR, MVIS, NBL, NBR, NLY, NRG, NSA, NUS, NXPI, NYLD, OAS, OCLR, OGE, OMAM, OMF, ORBC, OSUR, OXY, PACB, PBF, PDM, PE, PEIX, PH, PK, PNW, PPC, PPL, PRU, Q, QRVO, REGN, RIC, RICE, RIG, RLGY, RMP, RNG, RP, RWLK, RXN, RYAM, SBH, SBRA, SCG, SEDG, SFM, SHPG, SNH, SNR, SQ, STOR, SYMC, TDOC, TEVA, THS, TK, TNK, TOO, TRMB, TS, TSEM, TSLA, TTMI, TTWO, TVPT, UGI, UNT, VER, VG, VSH, WIN, WLK, WLTW, WMB, WMGI, WPX, WRK, WTR, WYN, XPO, YUM, ZNGA
Notable Earnings After the Close, Thursday or Before the Open on Friday:
AAOI, ACIA, ACLS, ACXM, AEE, AG, AHT, AINV, AKAO, AL, AMH, AMN, ANET, AON, ATVI, BGS, BLDR, BPL, BRKR, BRS, CALD, CARA, CARB, CBB, CBL, CBOE, CBPX, CCC, CDR, CERS, CFMS, CI, CLNE, CNK, CRC, CSOD, CTB, CTRL, DCT, ED, EFII, ELY, EPR, ESNT, ETSY, FIVN, FLR, FLT, FOXF, GPRO, GST, GTE, HBM, HDP, HMSY, HTGC, ILG, INFI, INFN, IRWD, ITT, JCOM, JUNO, KHC, KND, KW, LNT, MCHP, MDRX, MEET, MELI, MRC, MSI, MTZ, MWA, MX, NBIX, NE, NEWR, NFG, NPTN, NWL, NYMT, OEC, OLED, OTEX, OUT, PBPB, PDLI, PGRE, PI, PKI, PMT, PODD, POST, RDUS, REG, REGI, RLJ, RYI, SEM, SHAK, SM, SMCI, SPPI, SRC, SRCL, SRE, SWIR, SWN, SYNA, TDS, TIVO, TRVG, TXMD, UNIT, UNVR, VECO, VGR, VIAB, WEB, WING, WTI, WTTR, WTW, WU, YELP, YRCW, ZEN
SPX expired
#OptionsExpiration #SPXcampaign #RiskReversal
This expired Monday, unsuccessful long but nonetheless a small profit since the put spread was sold for a higher amount.
$SPX July 31st 2490/2510 long call spreads, bought for 1.65 on July 21st.
$SPX July 31st 2450/2425 short put spreads, sold for 2.00 on July 21st.
Expired
#spxcampaign
$SPX 2425/2450 BUPS
Short Puts/Short Calls/SPX Campaign
#shortputs
$AAOI STO 9/15 65 puts @ 3.40 Thank you @ramie77
$SVXY STO 9/8 75 puts @ 2.10 Thank you @hcgdavis
#shortcalls
Following the article previously cited on $BA
$BA STO 8/18 255/245 BECS @ 2.80
#spxcampaign
#SPX STO 8/9 2415/2440 BUPS @ 1.70 Thank you @jeffcp66
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY Aug 11 2017 61.0 Calls @ 0.11.
New strike prices up to 63 in the Aug 11 weekly cycle.
SPX puts sold
#SPXcampaign Sold to Open $SPX Sept 1st 2375/2350 for 1.40, with SPX at 2471.
$AZO patience paying off
For those of us who held longer term short put positions through the painful month of July things could be turning around. Chart has a nice rounded bottom since the gap down on 7/5, with the stock threatening to trade into that gap, now above 540.
I am short:
Aug 520 puts
Sep 480 puts
Dec 500 puts
Replacing $AAOI
I’ve been selling puts on this all the way up the last couple of months, with the intention of taking the stock if assigned. They’ve all either expired or were taken off early for near full profit. Today I closed one more with earnings coming up:
Bought to close $AAOI Aug 11 65 puts @ .70. Sold for 2.40 on 7/17.
Resetting for September to get good premium:
Sold to open $AAOI Sep 15 65 puts @ 3.50.
I guess another way to look at it is rolling out to Sep for 2.80 credit but I’m treating it like a separate trade in September.
The only other position I have on in this name is short Aug 18 55 puts which I’ll keep on over earnings.
$MAT straddle
Borrowing this trade from one of the TastyTraders. He did an iron fly but I went with just the short straddle for more premium and much easier roll ability. Will look to take off at 25% profit.
Sold $MAT Sep 15 20 straddles @ 1.72.
#earningstrade MCD Sold a 140/145/160/165…
#earningstrade MCD
Sold a 140/145/160/165 IC, closed the puts last week, closed the calls today, made 94 out of 173.
$TSLA #ShortPuts – Sold TSLA…
$TSLA #ShortPuts – Sold TSLA AUG 18 2017 235.0 Puts @ 0.60 with the stock at 323.49
SHOP earnings
#Earnings #ShortStrangles
Sold to Open $SHOP Aug 4th 80/110 strangles for 1.26. Over last 12 earnings, its biggest FIVE DAY moves: Biggest UP move: 18.1%, Biggest DOWN move: -9.8%, Average move: 7.9%. These strikes are +19.9% and -12.8% OTM.
DKL #ShortPuts STO $DKL Aug…
DKL #ShortPuts
STO $DKL Aug 18 40 puts (ITM) @ 5.50 will take stock with 8.22% yield, div @ .705/qtr, earnings and ex div date Aug 2. Shares trading at 35.25.
This is not an ad,…
This is not an ad, just something I find ironic at this time. Don Fishback has released a new service based on VIX trading. It is either long the XIV/VXX depending on volatility. From what I can tell most of the time it is long XIV which is similar to SVXY or the VXX or UVXY when vol spikes. Some of you have been doing this for years with the SVXY/UVXY trades. I think they are charging $1495 for it for a year.
Full disclosure, I took some of Don’s classes when I was learning and they were legit. Even priced fairly when they were on special/sale and has shaped my trading since and he predominantly sells options. But no need to spend money on something we have been doing for years. Maybe we should package our trades and sell them? Ha ha…….
VXX has options but XIV does not. Probably better to stick with our SVXY/UVXY trades so we can sell options and play both sides in both directions. Plus the contago effect of the SVXY/UVXY makes buying options on these an up hill battle or gives the sellers a tail wind. Even with VIX up slightly today SVXY is up and UVXY is down. Nice headwind!
In the long run the house always wins! To take a quote from one of their services, always be the house.
$TSLA #FallingKnife today
$TSLA #FallingKnife today
Sold TSLA AUG 4 2017 255.0 Puts @ 0.23 with the stock at 324.16.
Recent support levels not already broken are at 313 and 303.
$SVXY #ShortCalls #VXXGame – Sold…
$SVXY #ShortCalls #VXXGame – Sold 1 SVXY JAN 18 2019 165.0 Call @ 6.00 with the stock at 91.20.
Along with all the UVXY calls I sold last week, I’m comfortable with this position.
Rolled WDC 90.5 puts from…
Rolled WDC 90.5 puts from this week to next for 0.21 credit. There was only 7 cents of decay left.
Will hold the 90s until later in the week, they still have some time value left.
SPX calls sold
#SPXcampaign Sold to Open #$SPX Sept 1st 2525/2550 call spreads for 1.50, with SPX at 2475
$SNI #ShortPuts #FallingKnife – Bought…
$SNI #ShortPuts #FallingKnife – Bought to Close 1 SNI DEC 15 2017 55.0 Put @ 0.05.
It won’t trade any lower and there are still 137 days until expiration.
Originally sold on 06/05/2017 at 1.40.
I’m pretty sure I got this idea from @Ramie
$UAA #CoveredCalls – Sold UAA…
$UAA #CoveredCalls – Sold UAA Aug 4 2017 23.5 Calls @ 0.28 with the stock at 20.18.
Expires at the end of the week.
edit: Added more @ 0.40
$HP #ShortPuts #FallingKnife – Sold…
$HP #ShortPuts #FallingKnife – Sold HP Dec 15 2017 42.5 Puts @ 1.65.
Closing $SNI
Bought to close $SNI Dec 15 55 puts @ .05. Sold for 1.22-1.25 on 6/1.
$CMI #earnings STO Put Aug4…
$CMI #earnings STO Put Aug4 with 160 strike, during the last 15 cycles, the highest percentage drop as 6.5% with the average drop at about 3%. Waiting on a good fill now.
$DUST #ShortPuts – and early…
$DUST #ShortPuts – and early roll of one of this weeks short put positions, lowering the strike 2 more points.
Bought to close DUST Aug 4 2017 31.0 Puts/Sold DUST Sep 8 2017 29.0 Puts @ 0.30 Credit
$TRIP #CoveredCalls – Sold TRIP…
$TRIP #CoveredCalls – Sold TRIP Aug 4 2017 40.5 Calls @ 0.30. Expires Friday
$HP #ShortPuts #FallingKnife – Sold…
$HP #ShortPuts #FallingKnife – Sold 1 HP Jan 19 2018 40.0 Put @ 1.35. The 3 year low on the stock is 40.02 from early January 2016
STO 5 9/8 75 puts…
STO 5 9/8 75 puts at 1.06.
Econ Calendar for week of 7/31/17
JOBS report is on Friday
#spx expected move for week…
#spx expected move
for week ending aug 4th
$VIX – … a 2.5%…
$VIX $SPX $DJIA – The recent level of complacency permeating the market has pundits talking about the lack of 5% falls in the market—an occurrence that isn’t unusual in a normal market environment. However, a 5% tumble, while normal, isn’t that common either.
The Dow, however, hasn’t experienced a 5% decline since 2011, and before that a 5% drop hadn’t happened since 2008, when there were 9 such drops .
Even a 2.5% drop in the Dow, adding up a 550-point decline, could be unsettling, market participants said. Those sorts of tumbles are far more frequent, with 564 such moves of that magnitude occurring in the Dow since 1901. The most recent slump of at least 2.5% was on June 24, 2016, when the Dow tumbled about 610 points, or 3.4%, a day after U.K. citizens voted to end the country’s membership in the European Union. There were 3 falls for the Dow of at least 2.5% in 2015.
As for the S&P 500, going back to 1950, 61 of the past 67 years have had a 5% downdraft at least once, or 91% of all years, according to Ryan Detrick, senior market strategist, at LPL Financial.
“The inevitable 5% drop will be a shock to nearly everyone,” Detrick said. “We’ve been historically spoiled so far this year, but as the economic cycle ages, we fully expect more volatility the remainder of this year and the likely 5% correction to take place as well,” he said.
Billionaire investor Howard Marks, co-chairman of Oaktree Capital Management, said “this is time for caution,” pointing to a number of bad-market omens. Those include trailing 12-month price-to-earnings ratios, a measure of valuation, for S&P 500 stocks running at 25 times. He said another valuation metric, the Shiller Cyclically Adjusted PE Ratio, known as the Shiller CAPE, is at its highest level since only two other times in the market’s history: 1929 and 2000.
#OptionsExpiration for 7/28 Expirations: $SVXY…
#OptionsExpiration for 7/28
Expirations:
$SVXY Jul 28 40 puts
$SVXY Jul 28 47.50 puts
$SVXY Jul 28 50 puts
$TSLA Jul 28 245 puts
$TWLO Jul 28 30 calls (covered)
$UVXY1 Jul 28 20 calls (pre-split strike)
Assignments:
$HES Jul 28 49 puts
$HES Jul 28 43.50 calls
This was an inverted strangle that had been rolled/adjusted to bring in premium. The goal was for the stock to finish between the strikes and have both sides assigned and zero each other out.
Have a great weekend everyone.
SPX roll
#SPXcampaign Closed $SPX Aug 4th 2435/2460 call spreads for 21.50. Sold for 21.05 last Friday.
#ITMroll Sold SPX Aug 11th call spreads for 20.25.
Options Expiration 7/28/17
#OptionsExpiration #Earnings #CoveredCalls #ContangoETFs #ShortStrangles #ShortCalls
— Expiring w/Max Profit —
DUST 45 calls
FSLR 49 covered call
— Assignments —
HCA 83.5 puts, taking stock, cost basis 82.30
FSLR 48 covered call, releasing half of stock position
— Expiring w/Loss —
AMZN 1037.5/1042.5/1092.5/1097.5 #IronCondor
AMZN 1030/1050/1070 #IronButterfly
GOOGL 980/1000/1020 Iron Butterflys
Expired
EXPR Jul 28 146/144 .34
Thx Jeff
Options Expiration
Full Profit (except where noted)
$SPX 2310/2335 BUPS
$SPX 2320/2345 BUPS
$AAOI 80/90 BUPS
$GOOGL 927.50/937.50 BUPS (Other half of Earnings IC closed earlier @97% profit)
$MCD 152.50/155 BUPS IC Earnings Trade (BECS part of trade reduced full profit of the IC by 50%)
$BA Earnings BUPS 210/215
$AMD 16 call (Covered)
$SVXY 55 put
$HCA 88 calls
Assignments
$HCA 83.5 puts (82.24 basis)
$WYNN 133 puts (129.50 basis)
Have a wonderful weekend.
EWZ
#LongCallDiagonals #IRA – Appears to be running out of steam so booking a nice winner and freeing up a sizable chunk of margin.
Sold to Close EWZ JAN 18 2019 30.0 Calls @ 9.50
Bought to Close EWZ JAN 18 2019 25.0/20.0 Bull Put Spreads @ .75
Bought to Close EWZ AUG 18 2017 37.0 Calls @ 1.07
Bought to Close EWZ SEP 15 2017 36.0 Calls @ 2.23
After front month premium factored in, a gain of 1.90 each on a good size chunk of contracts. Will definitely re-load this on a pullback.
OptionsExpiration
Still small expiration’s as I haven’t been an aggressive seller.
SVXY $45 puts
SVXY $52.5 puts
SVXY $80 puts
UVXY $31 calls (sold this morning)
UVXY $37.5 calls
#OptionsExpiration #Weeklys #Jul28 – A…
#OptionsExpiration #Weeklys #Jul28 – A few earnings plays $CMG $AMZN, some old volatility positions $SVXY $UVXY, and some covered calls $TRIP $UAA, are all expiring.
My $NFLX covered puts are being assigned, taking me out of the remainder of the short stock position from last week at a nice gain.
— Expirations —
AMZN Weekly Jul 28 2017 940 Puts
AMZN Weekly Jul 28 2017 1090 Calls
CMG Weekly Jul 28 2017 300 Puts
DUST Weekly Jul 28 2017 26 Puts
DUST Weekly Jul 28 2017 27 Puts
DUST Weekly Jul 28 2017 45 Calls
NUGT Weekly Jul 28 2017 24 Puts
NUGT Weekly Jul 28 2017 26 Puts
SVXY Weekly Jul 28 2017 40 Puts
SVXY Weekly Jul 28 2017 42.5 Puts
SVXY Weekly Jul 28 2017 45 Puts
SVXY Weekly Jul 28 2017 47.5 Puts
TSLA Weekly Jul 28 2017 245 Puts
TRIP Weekly Jul 28 2017 40 Calls (Covered)
UAA Weekly Jul 28 2017 25 Calls (Covered)
UVXY 25/100 Weekly Jul 28 2017 10 Calls (Covered)
UVXY 25/100 Weekly Jul 28 2017 11 Calls (Covered)
UVXY 25/100 Weekly Jul 28 2017 12 Calls (Covered)
UVXY 25/100 Weekly Jul 28 2017 20 Calls
— Assignments —
NFLX Weekly Jul 28 2017 185 Puts (Covered) – eliminates a short stock position
Expirations
First, have a nice weekend.
In the IRA, SVXY 45 puts
In the trading account: all SVXY puts
47.5 puts,50 puts,52.5 puts,55 puts,57.5 puts,60 puts,80 puts.
Will be assigned the 92.5 puts that I took for the team. I fell on the grenade and it worked for one day of volatility.
UVXY #shortcalls Expiring Jun 28…
UVXY #shortcalls
Expiring Jun 28 31/40 BeCS sold yesterday for 0.85
$ALXN #ShortCalls – Sold 1…
$ALXN #ShortCalls – Sold 1 ALXN NOV 17 2017 165.0 Call @ 2.85 with the stock at 138.20.
Paired with existing short Puts for November that are already profitable.
$SBUX #ShortPuts #FallingKnife – Sold…
$SBUX #ShortPuts #FallingKnife – Sold 1 SBUX Jan 19 2018 50.0 Put @ 1.36 with the stock at 54.74
SPX puts stopped, puts sold
#SPXcampaign BTC $SPX July 31st 2485/2460 put spreads for 15.00. Sold for 9.60 on Jul 20th.
Sold to Open SPX Aug 9th 2440/2415 put spreads for 2.10. To get back to normal order, I’m going to sell spreads further out until we have the next decent drop. It will take longer to make up for some of my stop-losses, but with market uncertainty I’m getting whipped around too much with ATM and NTM spreads.
Selling Premium
#shortputs
$AMZN STO 8/4 990/1000 BUPS @ 1.50
$WDC STO 9/15 77.50 @ 1.40 Thank you @hcgdavis
$WDC STO 10/20 72.50 @ 1.57 Thank you again
Closed Earlies
Closed Early Getting Kind of Scared
$SPX BTC 8/4 2295/2320 BUPS @ 93% profit
$SPX BTC 8/9 2510/2485 BECS @ 3.30 STO @ 1.55
$FSLR BTC 8/18 35/40 BUPS @ 65% profit (GTC order – missed the big jump this AM. Interesting how a big jump up and your stop gets hit close to the order price. When stock plummets down – rips right through my stops – Paranoia I suspect)
EA closed
#Earnings Bought to close $EA July 28th 117 puts for .15. Sold yesterday in the 117/114 put spread for 1.40.
AMZN?
#Earnings I had two each of the #IronButterly and the #IronCondor. I have now closed one of each for less than max loss. Holding the others as it looks possible that AMZN may actually end the day decently.
BTC July 28th 1030/1050 put spread (from the IB) for 19.80. Sold yesterday for 17.875.
BTC July 28th 1037.5/1042.5 put spread (from the IC) for 4.70. Sold yesterday for 3.50.
WDC earnings
Rolled a bunch of 90 and 90.5 puts from this week to next for various credits from 0.27 to 0.32.
If it keeps going down next week I will separate them and start to ladder.
Big support and long term support at 86 where it is now @fuzzballl
WDC
#ShortStrangles #ShortPuts #IRA – I wanted a chance to get in. Looks like I got it…
Sold WDC JAN 19 2018 75.0 Put @ 3.95
Sold WDC JAN 19 2018 70.0 Put @ 2.70
And in regular account:
Sold WDC SEP 15 2017 80.0/95.0 Strangle @ 2.90
WDC
#FallingKnife? – Been looking to get in this one at some point.
TRTN
#ShortPuts Managing a winner @ 80% with 84 DTE, BTC $TRTN Oct 20 25 puts @ .40, STO May 19 @ 2.57 in IRA acct.
$UAA #ShortPuts – Sold UAA…
$UAA #ShortPuts – Sold UAA SEP 15 2017 17.5 Puts @ 0.66.
49 DTE
$NUGT #CoveredCalls – Rolled some…
$NUGT #CoveredCalls – Rolled some calls about to expire today up 2 points and out 1 week
Bought to close NUGT JUL 28 2017 34.0 Calls/ Sold NUGT AUG 4 2017 36.0 Calls @ 0.27 Credit.
I would welcome an assignment at 36.
$BA damage control.
After earnings had sold Jul 28 230/235 BeCS for 1.45 when stock was at about 230, but stock went into orbit after that. Can’t stay there forever (maybe), so just rolled same spread out a week to Aug 4, for 0.47 debit. Still have profit and perhaps it will come back to earth a bit so I can get out better, or roll up and out.
Intraday trends
SPX trending down, VIX, TLT, and Gold trending up.
TICKS kind of trending up, however.
SPX shake out
#SPXCampaign Couldn’t hold onto these with weakness today.
Bought to close $SPX July 28th 2465 puts for 3.00. Sold in the 2465/2440 put spread for 3.70 on July 20th. Will sell the long 2440 puts if we drop more.
Bought to close SPX July 31st 2470/2445 put spreads for 4.70. Sold in the 2445/2470/2495 #IronButterfly (#IBroll) for 15.65 on July 19th.
I am backing off on put rolls for now, given the market weakness. I have too many spreads near the money. Had been looking to close out the week on a high note with weakness more likely next week, but it came early so now I’m on guard. My main goal now is to get back to normal order with fewer spreads so close to the money.
UVXY pre split
#VXXGame – Only had to go up 8 cents above my standing offer to get filled. Making room for some more sales if we spike a little higher.
Bought to Close UVXY1 JAN 19 2018 25.0/40.0 Bear call spreads @ .38 (sold for 2.70)
UVXY
STO I contract of the January 2018, 65 calls @ 6.15
