Sold $COST Jul 21 160 puts @ 1.32
Recent Updates Page 417
$RRC #ShortPuts #FallingKnife – Bought…
$RRC #ShortPuts #FallingKnife – Bought to close 1 RRC Jun 16 2017 24.0 Put @ 0.50 to avoid assignment tonight.
Originally sold at 1.15 on 3/9/2017.
Another case of being wrong on the stock but right on the option.
COST
STO January 125 puts @1.15
DRIP joining in…
#ShortCalls – Sold 1 DRIP DEC 15 2017 35.0 Call @ 4.00
$KR #ShortPuts #FallingKnife – Sold…
$KR #ShortPuts #FallingKnife – Sold 1 KR JAN 19 2018 19.0 Put @ 1.25
COST
STO October 150 puts @2.41
Breaking News
Amazon buying Whole Foods at $42 per share. Amazon will own us all in 10 years.
And housing starts missed big, which may be why futures have dropped in the last hour.
GM All
Economic Data
8:30am EST Building Permits – street sees 1.25M
8:30am EST Housing Start – street sees 23M
10:00am EST Prelim UoM Consumer Sentiment – street sees 97.2
10:00am EST Labor Market Conditions Index m/m
10:00am EST Prelim UoM Inflation Expectations
12:45pm EST FOMC Member Kaplan Speaks
Earnings before Open
No earnings release today
Earnings After Markets Close
No earnings release today
Thanks bistro traders for showing…
Thanks bistro traders for showing me how to roll credit spreads and sell options on contango and leveraged etfs! It has supercharged my trading results lately but more importantly improved consistency.
I will be rolling some WDC puts at 87 and 88 that expire today, or may take assignment, there is 0.50 dividend coming up and can sell calls.
I have 19 patients left to see then vacation next week but will trade at least 1 day! Happy Fathers day to all the dads.
#xle (late post)Wednesday sto for…
#xle
(late post)Wednesday sto for 6.16.17, 65.5 put @ .30 and .45. ( 2 accounts and from Iphone)
if assigned will do CC.
SPX Chart and VIX Indicator have been updated
Click “Home/REFRESH” above to update.
$SPX
Sold to Open July 7th 2330/2350 BuPS @ 1.05
$NBR #ShortPuts – Sold NBR…
$NBR #ShortPuts – Sold NBR Jul 21 2017 8.0 Puts @ 0.55.
Idea from Tastytrade this morning.
$TSLA #ShortCalls – Bought to…
$TSLA #ShortCalls – Bought to close 1 Dec 15 2017 600 Call @ 2.62 with the stock at 369.67.
Sold it yesterday at 3.25. I intend to re-sell it if the stock returns to 384-385
Getting out of the zone
Well at least some of it.
Bought to close $AZO 7/21 550 put @ 1.30. Sold for 4.50 on 5/23.
Taking my 70%+ profit and freeing up some margin. Still short Sep 480 and Dec 500.
SPX puts sold
#SPXcampaign Sold to open $SPX July 14th 2340/2315 put spreads for 1.40.
More DRIPping
Adding to highest strike at a higher premium
Sold $DRIP 9/15 35 call @ 2.25
Sold $DRIP 12/15 35 call @ 4.00
#shortputs HTZ sold Aug. 19…
#shortputs HTZ sold Aug. 19 10 put for 1.45. HTZ down today after a recent relative run-up
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Aug 18 2017 70.0 Puts @ 1.30 with the stock at 154.86
$XEC #ShortPuts #FallingKnife – Sold…
$XEC #ShortPuts #FallingKnife – Sold 1 XEC DEC 15 2017 75.0 Put @ 2.10 with the stock at 95.30
SVXY
STO August 18, 75 put @ 1.51
I missed all the action this morning. Had to take a friend to the airport.
LRCX
STO September 140 puts @ 5.30
STO December 125 puts @ 4.30
This is a trade from SMM DeBeers
Thurs trade day and some rolls and laddering
Rolled SVXY 6/16 125 puts to 6/23 for credit of 1.00. Originally sold for 0.9 last Thurs.
STO 7/7 SVXY 95 puts for 0.85
Rolled SVXY 6/16 125 and 130 puts to 6/30 115 for credit of 1.2 and 1.15 originally sold for 1.04 and 1.10.
STO SVXY 7/7 100 put at 1.00 These were all IRA trades.
Tomorrow will roll some WDC 88 and 87 puts that are ITM out and down and expire tomorrow that are part of ladder trades. There is still a lot of time value in them because they are ATM and will wait until most of the juice is sucked out of them. There are times better to roll early but other times be greedy and get as much time value out of the option that you can. This is one of those times, have plenty of cash and margin to cover if someone is dumb enough to take early assignment and I will gladly take their money if they want to give it up early.
My SWKS positions may take little more work but still have 2-3 weeks left to decide what to do with them. Dropped 11 points in 4 days! Falling knife trade now?
Cheers and hope everyone has a good expiration tomorrow. The vol.is finally fun!
$AAOI
#ShortPuts $AAOI My alert went off when this breached 60 on the open. So I decided to close this out instead of sitting on my hands today hoping for favorable price later. Closed the last June 16th 60 contract @ 1.20. Originally sold at 1.65. Buys lunch.
$UVXY #ShortCalls – Sold these…
$UVXY #ShortCalls – Sold these this morning at the opening. An #OptionLadder of sorts.
Sold 1 UVXY Jun 23 2017 16.5 Call @ 0.22
Sold 2 UVXY Jun 23 2017 17.0 Calls @ 0.22
Sold 3 UVXY Jun 23 2017 17.5 Calls @ 0.22
The stock ran out of gas before orders at 18 and 18.5 could fill.
$SVXY #ShortPuts – Sold this…
$SVXY #ShortPuts – Sold this morning with the stock at 153
Sold SVXY Jul 28 2017 90.0 Puts @ 1.75
Sold SVXY Sep 15 2017 70.0 Puts @ 1.40
UVXY calls
Sold at the highest strike
$UVXY Jul 14 20 calls @ .60
$UVXY Jul 28 20 calls @ .80
$SVXY #ShortPuts #OptionLadder – Sold…
$SVXY #ShortPuts #OptionLadder – Sold all the following this morning
Sold SVXY Jun 23 2017 99.0 Puts @ 0.53 – these expire next Friday
Sold SVXY Jun 30 2017 99.0 Puts @ 0.83
Sold SVXY Jul 7 2017 95.0 Puts @ 0.93
Sold 1 SVXY Jul 14 2017 90.0 Put @ 1.03
Sold 1 SVXY Jul 21 2017 90.0 Put @ 1.33
Sold 1 SVXY Jul 28 2017 90.0 Put @ 1.66
Sold 1 SVXY Aug 18 2017 90.0 Put @ 2.43
Sold 1 SVXY Sep 15 2017 85.0 Put @ 2.53
$SVXY
STO Aug 18 $75 put @ $1.50
SPX calls closed
#SPXcampaign In pre-market, closed on GTC order: $SPX June 15th 2460/2485 call spreads for .20. Sold for 1.50 on May 15th.
GM all
Economic Data
8:30am EST Unemployment Claims – street sees 241K
8:30am EST Empire State Manufacturing Index – street sees 5.2
8:30am EST Import Prices m/m – street sees 0.1%
8:30am EST Philly Fed Manufacturing Index – street sees 25.5
9:15am EST Capacity Utilization Rate – street sees 76.8%
9:15am EST Industrial Production m/m – street sees 0.2%
10:00am EST NAHB Housing Market Index – street sees 70
10:30am EST Natural Gas Storage – street sees 88B
4:00pm EST TIC Long-Term Purchases – street sees 37.3B
Earnings before Open
KROGER CO (KR) – consensus EPS 0.57
LIGHTINTHEBOX-A (LITB) – consensus EPS -0.01
RENESOLA LT-ADR (SOL) – consensus EPS -1.29
YINGLI GREEN EN (YGE) – consensus EPS -2.27
Earnings After Markets Close
FINISAR CORP (FNSR) – consensus EPS 0.40
$FOSL #ShortPuts #FallingKnife – Sold…
$FOSL #ShortPuts #FallingKnife – Sold 1 FOSL JAN 19 2018 9.0 Put @ 1.30
$XEC #ShortPuts #FallingKnife – Sold…
$XEC #ShortPuts #FallingKnife – Sold 1 XEC DEC 15 2017 75.0 Put @ 1.60 with the stock at 98.21
$TROW #ShortPuts – Bought to…
$TROW #ShortPuts – Bought to Close TROW JUL 21 2017 60.0 Puts @ 0.05. They won’t trade any lower and I’m out a month early.
Sold in late January/early February at 1.40/1.65/1.85 as a #FallingKnife trade.
SPX Chart and VIX Indicator have been updated
Click “Home/REFRESH” above to update.
SPX trade in progress
#SPXcampaign Took advantage of the post-Fed volatility to close an ITM call spread and sell an extra put spread. Looking to sell a new ITM call spread on the rally into the close.
Bought to close $SPX June 21st 2400/2425 call spreads for 20.50. Sold for 19.30 last Wednesday as an #ITMroll
Sold to Open SPX June 26th 2400/2375 put spreads for 2.00.
Order in to sell SPX June 28th 2405/2430 call spreads for the most I can get before 4:15p ET
$ NUGT #coveredcalls BTC Jun…
$ NUGT #coveredcalls
BTC Jun 16 $34 call for 0.30, sold last week for $3.81
BTC Jun 16 $32 call for 0.80, sold last week $3
The DUST is looking much better. I ride the see saw owning both sides of the gold trade.
SVXY
#TakeOneForTheTeam – Punching out of this one for a small profit…
Bought to Close SVXY JUN 16 2017 160.0/155.0 BuPS @ 2.28 (sold for 2.76)
I’ll wait until Friday for a decision on my last few shares of SVXY…(covered by 137 calls)
CNBC: “Fed hikes interest rates…
CNBC: “Fed hikes interest rates by a quarter-point.”
$SVXY #coveredcalls I am looking…
$SVXY #coveredcalls
I am looking for advice – what could go wrong?
I own stock at $131 (paid*) with a short Dec 16 $100 call presently worth $65.50 (sold for $36.50 before I purchased stock to cover*).
I am considering rolling up to $140 call for $30db. My calculations show, if called away in Dec, I will get an additional $10 per share. Am I wrong? What am I missing?
Thank you.
*edit to clarify costs profitable
DLNG Short Puts
STO DLNG July 21 15 puts @ 1.00, share price @ 14.58. This is an ITM trade with cost basis 14.00, will take shares with .4225 qrtly dividend in my IRA account.
Possible #FallingKnife trades today -…
Possible #FallingKnife trades today – $BIIB $XEC
$MYL #ShortCalls – Bought to…
$MYL #ShortCalls – Bought to close MYL Jul 21 2017 47.5 Calls @ 0.01. They won’t trade any lower and I’m out a month early.
Originally sold on 02/01/17 at 0.70
$TSLA #ShortCalls – Sold 1…
$TSLA #ShortCalls – Sold 1 TSLA Dec 15 2017 600.0 Call @ 3.25 with the stock at 381.08
http://www.zerohedge.com/news/2017-06-13/heres-real-reason-tesla-makes-no-money
$ALXN – no longer a…
$ALXN – no longer a #FallingKnife
SPX puts sold
#SPXcampaign Sold to Open $SPX July 14th 2350/2325 put spread for 1.45. I was trying to get filled on much lower spreads on Monday, but didn’t happen. I need to get more aggressive on the down days because they seem to be few and far between.
Develop a Trading plan – free webcast
http://www.cboe.com/education/webcasts
http://www.cboe.com/education/webcasts
I listen to Henry Gambell’s…
I listen to Henry Gambell’s short video on better b’fly. He had 2 trades that expire this friday,
FB 150/145/150/155 for 2.20 credit. Nvda 150/145/150/155for 3.51 credit. Anyone have any thoughts that you care share. I’m a bit more conservative than most when it comes to these types of trades.
GM all
Economic Data
8:30am EST CPI m/m – street sees 0.2%
8:30am EST Core CPI m/m – street sees 0.2%
8:30am EST Core Retail Sales m/m – street sees 0.2%
8:30am EST Retail Sales m/m – street sees 0.1%
10:00am EST Business Inventories m/m – street sees -0.1%
10:30am EST Crude Oil Inventories – street sees -2.3M
2:00pm EST FOMC Economic Projections
2:00pm EST FOMC Statement
2:00pm EST Federal Funds Rate – street sees <1.25%
2:30pm EST FOMC Press Conference
Earnings before Open
CSW INDUSTRIALS (CSWI) – consensus EPS 0.40
DORIAN LPG LTD (LPG) – consensus EPS -0.12
LEJU HOLDINGS (LEJU) – consensus EPS -0.30
LIBERTY TAX INC (TAX) – consensus EPS 2.46
MOTORCAR PARTS (MPAA) – consensus EPS 0.57
Earnings After Markets Close
DIGITAL TURBINE (APPS) – consensus EPS -0.08
JABIL CIRCUIT (JBL) – consensus EPS 0.22
LAKELAND INDS (LAKE) – consensus EPS 0.14
SPX Chart and VIX Indicator are updated
Click “Home/REFRESH” above to update
SPX ITM roll
#SPXcampaign Bought to close $SPX June 19th 2415/2440 call spreads for 18.75
Sold to Open SPX June 26th 2420/2445 call spreads for 17.25, also added:
Sold to Open SPX June 23rd 2465/2490 call spreads for 1.80
$SNAP Short leash trade
Sold $SNAP Jul 21 17 puts @ .70.
Strike is below the all-time low from a couple of days ago.
/ES hedge
#Futures – Love having some protection up here while gradually raising the basis.
I’ll take assignment Friday of a short /ES position @ 2396 basis. Sold a Jul 2400 put against it @ 27.00. That’s nicely profitable now so setting a stop on it at breakeven. Since it’s basically safe I’m adding an Aug put also.
SOLD /ES AUG 17 (Wk3) 2350 PUT @ 16.50
If we tank from here I’ll get stopped out at even on the Jul put and can then ride the short /ES down to 2350 and then decide where to roll the Aug put. Still decent downside protection but also the ability to raise the short basis all the way to 2440 if we don’t implode.
EDIT…actually it looks like Jun contracts expire Friday. I’ll need to roll that call out a week and then take assignment of the Sep contract.
EWW
#PerpetualRollingStrangles – Order in to close this week’s 52 puts which are almost worthless so getting a jump on July…
Rolled EWW JUN 16 2017 50.0 Calls to JUL 21 2017 50.0 Calls @ .07 credit
And:
Sold EWW JUL 14 2017 52.5 Puts @ .76
#spxcampaign BTC SPX 19 JUN…
#spxcampaign
BTC SPX 19 JUN 17 2300/2275 BuPS @.10 sold it @ $1.50 on 22 MAY 2017
BTC SPX 19 JUN 17 2295/2270 BuPS @.10 sold it @ $1.45 on 22 MAY 2017
SPX Campaign and Short Puts and Calls
#spxcampaign
$SPX STO 7/14 2510/2485 BECS @1.80
#shortcalls
$AMZN STO 7/21 1020/1010 BECS @2.60
#shortputs
$FB STO 6/1 48/150 BUPS @.50
$SVXY
#ShortPuts Morning all. Sold June 30th 120 Puts @ 1.35.
NVDA
#ShortCalls – Another little scalp this morning…
Sold NVDA JUN 30 2017 175.0 Calls @ 1.10
NVDA
#ShortPuts #IRA – Out all day yesterday but had a couple fills…
Sold NVDA Jan 19 2018 100.0 Put @ 3.50
Sold NVDA Jan 19 2018 110.0 Put @ 5.50
#GE sto 29 put, 6.16.17…
#GE
sto 29 put, 6.16.17 @ .45
Ladder trade
STO July 21 SWKS 95 puts at 1.20
That’s it? That’s all we…
That’s it? That’s all we get in the sell off and volatility spike? Seems like the majority of investors are either hibernating, comatose, or just don’t care. Good to be a tasty/bistro trader and managing/growing our own money instead of some MBA pulling profits out in the form of fees.
Now if we could just get a volatility spike every 1-2 weeks would be perfect.
GM ALL –
Economic Data
6:00am EST NFIB Small Business Index – street sees 105.2
8:30am EST PPI m/m – street sees 0.0%
8:30am EST Core PPI m/m – street sees 0.2%
1:01pm EST 30-y Bond Auction
Earnings before Open
WILEY (JOHN) A (JW.A) – consensus EPS 0.66
Earnings After Markets Close
BIOPHARMX CORP (BPMX) – consensus EPS -0.07
CAPSTONE TURBIN (CPST) – consensus EPS -0.12
CORTEX BUS SOL (CBX) – consensus EPS 0.00
Expiration
#SPX Campaign
$SPX 6/12 2400/2425 BUPS Thank you @jeffcp66
Trade
#shortputs #shortcalls
$WYNN STO 7/21 125 put @3.50
$AMZN STO 890/900 BUPS @ 1.60
$BABA STO 125/130 BUPS @.95
$TSLA STO 310/320/400/390 IC @4.45
$SVXY #ShortPuts – Sold these…
$SVXY #ShortPuts #OptionLadder – I sold these with SVXY at 150.
The stock would need to drop by more than half to make me wrong.
Sold SVXY JUL 14 2017 75.0 Puts @ 0.65
Sold SVXY JUL 21 2017 75.0 Puts @ 0.90
Sold SVXY Aug 18 2017 75.0 Puts @ 1.40
SPX calls closed
#SPXcampaign Bought to close $SPX June 26th 2490/2520 call spreads for .20. Sold as part of #CondorRoll for 3.60 on June 2nd.
UVXY
STO January 2018, 60 calls @1.35
I love options! You can…
I love options! You can be wrong direction and still make money if you do it right.
Some trades based on that thought.
BTC TSo puts for 2-3 weeks expiration at 0.6 and 0.9 that were sold at 1.04 and 1.2. They were way OTM but did it to free up margin for the trades below.
Followed a lot you on SVXY: STO 6/23 115 puts at 1.49
STO SVXY 6/16 125 puts at 1.04 and 0.90 (slippage in the time it took me to change platforms)
Will be rolling some WDC puts that are now ITM on Thurs or Fri. No point is losing the time value, will let them decay until right before expiration so I only have to cover intrinsic and will be doing the same with SWKS over the next 2-3 weeks. Or if the call premiums look good then may take assignment and start rolling CC.
Thanks for the ideas! Down days are profitable days when you sell options…………
$WDC
STO Jun 16 92 C @ 0.20 with stock at 85.45
This is covering stock and would put it back up near the recent highs. Don’t think it will get back there by Friday. This lowers my cost basis a bit more to 74.20.
0.20 is not much, but anything helps in an uncertain market now for tech.
VXX Game
#VXXGame Sold these near the open:
STO SVXY June 16th 120 put for 1.00
STO SVXY June 16th 115 put for .85
STO SVXY June 16th 105 put for .40
Notable Earnings After the Close,…
Notable Earnings After the Close, Monday or Before the Open on Tuesday:
DDC, JWA, SAIC
Notable Earnings After the Close, Tuesday or Before the Open on Wednesday:
CPST, HRB, LPG, MPAA
Notable Earnings After the Close, Wednesday or Before the Open on Thursday:
APPS, BOBE, JBL, YGE
Notable Earnings After the Close, Thursday or Before the Open on Friday:
LEN, SFUN
SPX spread
STO July 17, 2300/2200 put spread @ 3.70
EWZ
STO June 16, 34 calls @.43 against my long call position of the 20 calls in 2019.
$MOMO Bought to close June…
$MOMO Bought to close June 35 Puts @ o.15. Originally sold for 0.70.
$SVXY #ShortPuts Sold to open…
$SVXY #ShortPuts Sold to open July 21st 100 Puts @ 2.20 and 2.21.
$MU Bought to close June 16th 28 Puts @ .19. Originally sold for 0.74. Missed getting out at .02 last Friday.
