Economic Data
10:00am EST Existing Home Sales – street sees 5.54M
10:30am EST Crude Oil Inventories – street sees -1.2M
Earnings before Open
ACTUANT CORP (ATU) – consensus EPS 0.31
CARMAX GP (CC) (KMX) – consensus EPS 0.98
WINNEBAGO (WGO) – consensus EPS 0.66
Earnings After Markets Close
ORACLE CORP (ORCL) – consensus EPS 0.73
STEELCASE INC (SCS) – consensus EPS 0.19
XBI 6/23 76.5 put for 0.4-0.47 is a today recommendation by options income blueprint. I would do it but have limited margin until Friday. Maybe do it for next week.
Also on vacation but saw this when I took a break at lunch.
Hope everyone is having a good week.
We get some VW money back this week for the diesel recall so will give me some more trading $ for next week.
STO September 75 puts @2.80
Today it’s exceeding its post-earnings lows from last month. New puts, anyone?
Sold $DRIP Aug 18 35 calls @ 1.61 and 1.64. Highest strike.
STO January 36 puts @1.30
Sold $NUGT Aug 18 45 calls @ .90. Highest strike.
Sold $CMG Aug 18 355 puts @ 2.50. Lowest strike.
#SPXcampaign BTC $ADBE June 23rd 134 puts for .02. Will try to close 152.5 calls for cheap today as well, to release margin. Sold strangles yesterday for 1.50.
#SPXcampaign Sold to Open $SPX June 30th 2425/2400 put spreads for 3.20. This is half of a roll from the call spread stopped Monday for 6.40. I plan to sell a call spread for the other half if we get some movement upward today.
#spxcampaign
Closed Early
$SPX BTC 7/14 2510/2385 BECS @ 1.50 STO 6/13 @ 1.80
STO 1 contract, September 15, 425 put @ 7.70
STO Jul 21 50 P at 1.00
#Earnings Thanks to @matt0311 for pointing this one out… I had missed it on my scan…
Sold to Open $ADBE June 23rd 134/152.5 strangles for 1.50, with ADBE at 141.25. Over last 12 quarters, its 1-day moves: Biggest UP move: 9.0%, Biggest DOWN move: -5.7%, Average move: 4.5%. My strikes are +8.0% and -5.1% OTM. Trade has a bullish bias based on historical move bias of +1.5% as well as trend in tech last few days, bouncing off mini-correction.
#earningstrade $ADBE releasing after close. average down moves have bee just about 3.5% with a max down of 9%. Up Moves were similar. looking to sto a strangle 132/150 exp 6/23
#RiskReduction #ShortStrangles – It’s been a pretty good ticker this year so not gonna press my luck with the weakness today. Keeping my long term position in the #IRA but closing the nearer term strangles for small profit.
Bought to Close EWZ JUL 21 2017 31.0/37.0 Strangles @ .67 (sold for .82)
Nice #FallingKnife candidate today….I’m already in a position so not adding here.
#vxx game
Rolled this week SVXY 125 puts to next week for credit of 0.56. Sold for 1.09 on the little vix spike last week.
#optionladder
Rolled this week SVXY 115 puts to Jul 14 for 1.18 credit. Originally sold 2 weeks ago for 1.24.
$RRC #ShortPuts #OptionLadder – Sold 1 RRC DEC 15 2017 19.0 Put @ 1.40 with the stock at 21.91.
This replaces the RRC Jun 16 2017 24.0 Put I covered at 0.50 on Friday to avoid assignment.
$MYL #ShortCalls – Bought to close MYL JUL 21 2017 45.0 Calls @ 0.01. They won’t trade any lower and still have 31 days until expiration.
Originally sold on 3/9/2017 @ 2.89.
Still short a partial #OptionLadder with Oct 47.50 and Jan 50 Calls.
#ShortPuts – Adding to the top of the ladder…margin free against short calls that start at 225.
Sold 1 SVXY JAN 19 2018 85.0 Put @ 4.60
STO Jul 28 WDC 80 puts at 1.5
New highs in DRIP as oil continues its plunge
#SPXcampaign Sold to Open $SPX July 20th (monthlys) 2360/2335 put spreads for 1.55.
#ITMroll This is to make up for the 1.80 debit in yesterday’s roll:
Sold to Open July 3rd 2410/2385 put spreads for 1.85
8:30am EST Current Account – street sees -124B
3:00pm EST FOMC Member Kaplan Speaks
Earnings before Open
FANG HOLDINGS (SFUN) – consensus EPS -0.02
LENNAR CORP –A (LEN) – consensus EPS 0.78
Earnings After Markets Close
ADOBE SYSTEMS (ADBE) – consensus EPS 0.77
FEDEX CORP (FDX) – consensus EPS 3.89
LA-Z-BOY INC (LZB) – consensus EPS 0.46
RED HAT INC (RHT) – consensus EPS 0.34
VERITONE INC (VERI) – consensus EPS -4.16
#SPXcampaign #ITMroll
Closed $SPX June 26th 2420/2445 call spreads for 21.15
Sold to Open SPX July 3rd 2425/2450 call spreads for 19.30.
I will determine how to make up for the 1.85 debit tomorrow.
$JWN #ShortPuts – Bought to close 1 JWN JUL 21 2017 32.5 Put @ 0.01. It won’t trade any lower.
Still 32 days until expiration.
Originally sold on 1/18/2017 at 1.20.
I still have some of the #OptionLadder left with short Oct and Jan Puts.
Rolled up my July 21st 100 Puts to July 21st 130 for 1.75 credit. Originally sold the 100 Puts for 2.21 on June 12th.
Sold July 21st 124 Put @ 2.16 when $SVXY was at 164.38.
#SPXcampaign STOPPED: Closed $SPX June 23rd 2450/2475 call spreads for 6.40. Sold for 4.50 on June 9th.
Closed on GTC orders:
June 26th 2390/2360 put spreads for .25. Sold a smart of a #CondorRoll for 3.60 on June 14th.
June 30th 2340/2315 put spreads for .20. Sold as part of a #CondorRoll for 4.55 on May 25th.
I actually bought some options on COST.
BTO July 21, 157.5 calls @7.50 on 5 contracts. There is a lot of selling going on today from one institution to another. I think the AMZN news is over done and the decline in COST is over done as well. The customer base for WFD and COST is different and this merger makes no sense to me at this time. I may be wrong but I can wait a month to find out.
#ShortCalls – June 30th 175s looking safe so going for the double dip…selling against 180/150 Bull put spreads.
Sold NVDA JUL 21 2017 180.0 Calls @ 1.25
STO November 100 puts @2.00
#SPXCampaign
Morning all. Lovely hot day here in the Peidmont of NC.
Bought to close July 23rd 2340/2360 BuPS @ 0.10. Originally sold for 0.85
Bought to close July 30th 2290/2310 BuPS @ 0.15 Originally sold for 1.10
$AAOI
#ShortPuts
Sold to Open June 23rd 60 Puts @ 0.87. Will roll as need be. I may take assignment.
This is a first for me, I think. I was holding an 88/93 BeCS on TSO that expired Friday. TSO closed at 92.43. I had received 2.48 credit for the spread about 2 weeks ago. Today I open my account to see that I’m short a position in TSO at 88. I got TSO called away from me, and the long call I had at 93 was not exercised automatically by TDA. It also showed I was in a maintenance call. Was able to go ahead and buy back the short position, but the rep at TDA couldn’t really explain to me very well why it wasn’t automatically taken care of. Any ideas? Thoughts? Recommendations? Is this normal?
The only good thing out of this was they threw in a few free trades for the hassle.
#SPXcampaign Stopped: $SPX July 14th 2475/2500 call spreads for 4.55. Sold on Friday for 1.85.
#CondorRoll Sold July 3rd 2405/2430/2475/2500 call spreads for 4.90.
The call side of the condor has the same strikes as the stopped spread but its expiry is 11 days earlier. May need further management but puts me in less danger at the moment.
Looking at stops on a couple other call spreads as well.
#spxcampaign
Sold to Open SPX July 20th 2500/2525 call spreads @1.85
thanks jeff/
BTC July 12, 2240/2340put spread @2.20, sold @4.50
BTC July 17, 2200/2300 put spread @1.75, sold @3.70
EWZ, STO June 30, 34.5 calls @ .30 against my 2009 call position.
HRL, STO September 35 calls @.75
Even in the historically worst month of the year… charging up.
New all-time highs: SPX, DJX, SVXY, AMZN. New all-time low in UVXY.
#assignment USO I had a July 21, 12 put assigned
$IWM Rolled July 134 puts up to 137 puts for .44 credit. This is the put side of a strangle with 140 calls. Original position was 130/140, then rolled to 134/140, and now it’s 137/140.
#ContangoETFs At the bell, sold on GTC order: $KOLD Sept 15th 45 call for 2.00.
Also:
Sold $FB July 21st 155 covered call for 2.60 #CoveredCalls
#SPXcampaign Sold to Open $SPX July 20th 2500/2525 call spreads for 1.35, with SPX at 2443.
In pre-market, closed on GTC order: June 21st 2385/2360 put spreads for .20. Sold for 2.55 on June 1st.
At the bell, closed on GTC order: June 30th 2310/2285 put spreads for .20. Sold for 1.35 on May 30th.
#spxcampaign
btc spx 2310/2285 @.20 filled on open with gtc order. had sold for 1.50.
#expectedweeklymove
Expected moves for this week.
Blue stars indicate “Market Moving Indicators.”
#ge
So it is not over until the fat lady sings.
Saturday I get the email saying i was assigned GE at 29 strike,which is exactly where it closed and my short put was.
So i look up cboe faq and call tos…..same answer..”it happens”
just irritated at paying assignment fee 15.00,I can deal with outcome either way.
(insert smiley face here/lol)
Notable Earnings After the Close Friday (Previous Week) or Before the Open on Monday:
None
Notable Earnings After the Close, Monday or Before the Open on Tuesday:
LEN, SFUN
Notable Earnings After the Close, Tuesday or Before the Open on Wednesday:
ADBE, ATU, FDX, KFY, KMX, LZB, RHT, WGO
Notable Earnings After the Close, Wednesday or Before the Open on Thursday:
ACN, APOG, BKS, CCL, CMC, MEI, ORCL, SCS
Notable Earnings After the Close, Thursday or Before the Open on Friday:
BBBY, BBRY, FINL, SNX, SONC
Economic Events for the coming week:
image001.jpg
#spxcampaign
Closed early
$SPX BTC 2490/2465 BECS @.30 at 82% profit
#shortcalls
Rolled
$NTES STO 7/21 325 call BTC 6/16 310 call @2.71 credit
$AMZN STO 6/23 1030/1020 BECS @1.90 Bridget @OMM
#shortputs
$CLVS STO 7/21 50 put @ 6.50
$COST STO 160/165 BUPS @1.30 Thank you @rknight52
Long day
Rather than click the like button on all your expirations I will just say impressive!
It would be interesting to figure out the total value of all the expiring options for the entire group and the value of all the sold options in a week. Awesome!
Keep selling and we can all keep feeding each other ideas.
Cheers, Chris
Afternoon all. Posting late as I have been out doing “Good Hubby Duties” today.
Expiring
$SVXY
June 16th 100 Puts
June 16th 120 Puts
June 16th 125 Puts.
All the other shorts were closed earlier in the week.
Have a wonderful weekend. Catch you next Monday.
#OptionsExpiration for 6/16
$AAOI 06/16/2017 55 puts
$AMZN 06/16/2017 1020 calls (covered)
$DUST 06/16/2017 65 calls
$NVDA 06/16/2017 170 calls
$NVDA 06/16/2017 162.50 calls
$QQQ 06/16/2017 132 puts
$QQQ 06/16/2017 133 puts
$SVXY 06/16/2017 175 calls
$SVXY 06/16/2017 68 puts
$SVXY 06/16/2017 85 puts
$SVXY 06/16/2017 90 puts
$SVXY 06/16/2017 95 puts
$SVXY 06/16/2017 125 puts
$SVXY 06/16/2017 130 puts
$TSLA 06/16/2017 300 puts
$TWLO 06/16/2017 23 puts
No assignments.
Have a great weekend everyone.
#optionsexpiration
$AZO 720 call (#earnings trade)
$TMUS 67 call (covered)
$SFM 25 call (covered) Holding stock and seeing if $AMZN needs stores on West Coast
$MOMO 41 call
$THO 110 call (#earnings trade)
$AMD 10 put
$TMUS 62.50 put
$SVXY 94 put
$SVXY 95 put
$SVXY 100 put
$SVXY 110 put
$SVXY 120 put
$SVXY 123 put
$MOMO 35 put
$UBNT 35 put
$THO 80 put (#Earnings play)
$PLAY 65 put (#Earnings play)
$BLUE 95 put
$WYNN 110/120 BUPS
$GS 215/220 BUPS
$FB 140/145 BUPS
$FB 148/150 BUPS
$BABA 115/120 BUPS
$SJM 140/130 BECS
Expired with total loss (See @jeffcp66 comments on selling early)
$NVDA 140/135 BECS
$NFLX 155/160 BECS
Assigned
$SJM @130 Basis 127.61
Have a great weekend and a terrific Father’s Day to all celebrating.
#SPXcampaign I had one and a third spreads close right at and after the bell…
SPX June 23rd 2465/2490 call spreads, 1/3 of my position closed for .20. Sold for 1.80 on Tuesday.
SPX July 7th 2490/2515 call spreads, full order closed for .20. Sold for 1.40 on June 9th
Kind of odd that call spreads started closing as the market was still moving UP after the close.
I decided to replace the July 7th spreads, rolling it down, in effect:
Sold SPX July 7th 2455/2480 call spreads for 4.25.
Everyone have a nice weekend and we get to sell more puts and calls next week.
#OptionsExpiration #VXXGame #Earnings
—Expiring—
AZO 720 calls
NVDA 135 put
PANW 135 call
THO 80 puts
SVXY 95,100,105,115,120,135, and 140 puts
—Assignment—
PANW 130 call, half of remaining stock called away, cost basis 126.69.
In my IRA
SVXY 55 puts
SVXY 60 puts
SVXY65 puts
SVXY70 puts
In the trading account
HRL 35 puts will be assigned
UBNT 55 covered calls expired
UBNT 45 puts expired
JCOM 80 puts expired
MU 28 puts expired
HOS 4 covered calls
SVXY 50 puts, 55 puts, 60 puts, 64 puts, 65 puts, 75 puts, 80 puts, 90 puts, 94 puts, 95 puts, 105 puts, 124 puts,125 puts,127 puts, 130 puts,143 puts, 145 puts. All expired at zero.
#T
sto jan 19 37 call @ 3.25
cost basis is 42.5 of T
plan to buy back at $1.08 for a approximate 5% return. plus dividends along the way which are presently 5.03%.
in the mean time extra cash to fund other things.
#Earnings BTC $NVDA June 16th 152.5 put for 1.08 to avoid assignment. Sold for 2.65 on June 8th.
#OptionsExpiration #Monthlys #Jun16 – A big expiration this month. I’ve been carrying some of these positions since early in the year.
Wide strangles in $DUST, covered calls in $NUGT, and lots and lots of #Volatility shorts are rolling off.
Only 1 assignment this week, and a light week next week.
— Expirations —
CVS Jun 16 2017 85 Calls
DUST Jun 16 2017 19 Puts
DUST Jun 16 2017 65 Calls
GILD Jun 16 2017 62.5 Puts
HES Jun 16 2017 42.5 Puts
NUGT 25/Jun 16 2017 5 Puts
NUGT 25/Jun 16 2017 6 Puts
NUGT 25/Jun 16 2017 7 Puts
NUGT Jun 16 2017 36 Calls (Covered)
NUGT Jun 16 2017 46 Calls
NUGT 25/100 Jun 16 2017 16 Calls (Covered)
SVXY Jun 16 2017 40 Puts
SVXY Jun 16 2017 49 Puts
SVXY Jun 16 2017 51 Puts
SVXY Jun 16 2017 52 Puts
SVXY Jun 16 2017 53 Puts
SVXY Jun 16 2017 54 Puts
SVXY Jun 16 2017 56 Puts
SVXY Jun 16 2017 58 Puts
SVXY Jun 16 2017 60 Puts
SVXY Jun 16 2017 62 Puts
SVXY Jun 16 2017 63 Puts
SVXY Jun 16 2017 64 Puts
SVXY Jun 16 2017 67 Puts
SVXY Jun 16 2017 68 Puts
SVXY Jun 16 2017 85 Puts
SVXY Jun 16 2017 89 Puts
SVXY Jun 16 2017 90 Puts
SVXY Jun 16 2017 97 Puts
SVXY Jun 16 2017 98 Puts
SVXY Jun 16 2017 99 Puts
SVXY Jun 16 2017 100 Puts
SVXY Jun 16 2017 109 Puts
SVXY Jun 16 2017 112 Puts
SVXY Jun 16 2017 113 Puts
SVXY Jun 16 2017 114 Puts
SVXY Jun 16 2017 115 Puts
SVXY Jun 16 2017 116 Puts
SVXY Jun 16 2017 117 Puts
SVXY Jun 16 2017 118 Puts
SVXY Jun 16 2017 120 Puts
SVXY Jun 16 2017 122.5 Puts
SVXY Jun 16 2017 125 Puts
SVXY Jun 16 2017 160 Calls
UVXY Jun 16 2017 18 Calls (Covered)
UVXY Jun 16 2017 18.5 Calls (Covered)
UVXY Jun 16 2017 19 Calls
UVXY Jun 16 2017 19.5 Calls
UVXY Jun 16 2017 20 Calls
UVXY Jun 16 2017 35 Calls
UVXY Jun 16 2017 36 Calls
UVXY Jun 16 2017 37 Calls
UVXY Jun 16 2017 40 Calls
UVXY Jun 16 2017 44 Calls
UVXY Jun 16 2017 45 Calls
UVXY Jun 16 2017 60 Calls
UVXY 20/100 Jun 16 2017 35 Calls
— Assignments —
TRIP Jun 16 2017 40 Puts
#VXXGame Closed $SVXY June 16th 155 call for 3.85. Sold for 5.25 on 4/25. Held through a lot on that one. But premiums are pretty rich for July expiration 10 bucks above all-time highs:
Sold to Open SVXY July 21st 170 call for 4.80
Sold to Open SVXY July 21st 175 call for 3.00
BTC June 16, 34 calls @ .13, sold @.43 against my long call in 2019. I will sell the weekly calls next week.
#SPXcampaign Sold to Open $SPX July 14th 2475/2500 call spreads for 1.85, with SPX at 2430.
BTC October 550 put @14.70, sold @ 14.90
It just does not feel good to me so I got out of the trade early.
#ShortPuts – Replacing this week’s expiration…
Sold WYNN JUN 23 2017 133.0 Puts @ 1.35
#CoveredCalls – Hanging on to the stock for a couple more weeks…picking up another 2.22 of potential upside while keeping plenty of downside protection.
Rolled SVXY JUN 16 2017 137.0 Call to JUN 30 2017 138.0 Call @ 1.22 credit
My 28 puts are expiring today so I am replacing them.
STO October 28 puts @1.93
BTC to avoid assignment tonight, 40 puts @2.21, sold @2.40 so pretty much a wash.
#SPXcampaign Closed on GTC orders:
$SPX June 21st 2460/2485 call spreads for .20; sold for 2.45 on June 1st.
$SPX June 19th 2400/2375 put spreads for .30; sold for 2.05 on June 5th.
Working on selling my second July 14th call spread today.
$TRIP #ShortPuts #FallingKnife – Bought to close 1 TRIP Jun 16 2017 39.0 Put @ 1.20 to avoid assignment tonight.
Originally sold at 1.30 so essentially coffee money
#Earnings #ExitEarly As a testament to not always waiting for expiration, check out AZO today after some of us exited or rolled AZO puts a day before expiration yesterday.
This may be a good day to sell some new puts.
$TRIP #ShortPuts #FallingKnife – Bought to close TRIP Jun 16 2017 38.0 Puts @ 0.45 to avoid assignment tonight.
Originally sold at 1.10 so still made over 50% of the premium
STO $COST Jul 21 165/160 BuPS @ 1.31 when at 168.10
