Rolling covered calls on this since 2/10. Just rolled again out to Jun 16. 87.50 calls.
Cost basis now down to 73.57 from original of 78.14 in Feb.
Recent Updates Page 426
VZ
STO December 42 puts @1.16
rolled WDC puts next week…
rolled WDC puts next week 85 to June 16 for credit of 1.2. Sold for 0.8 last week.
From tasty trade this morning
Five stocks represent the market cap of 10% of the $28 trillion US equities market. AAPL, GOOGL, MSFT, AMZN, and FB have a total market cap of $2.8 trillion. 10% of the total. Yikes. Talk about technology taking over the market– and our lives. Think about it: we spend all day looking at FB on a product built by AAPL, bought on AMZN, searched for on GOOGL, and with MSFT … doing something in the background. Four of them have been especially strong, but FB has been down on 5 of the last 6 trading days. Not that that’s an omen or anything, but if you think that the market might head lower with any weakness in these five stocks, FB could lead the way down
TMUS has fairly decent premiums…
TMUS has fairly decent premiums at the moment on weeklies. I am out of cash so can’t do any more trades today but FYI if anyone looking to sell something.
JPM
Giving it a little room on this #LongCallDiagonals …
Sold JPM MAY 26 2017 88.5 Calls @ .45
$UVXY
Morning folks, hope you’ve had a good trading week. Finally getting a small window of time to make a couple of trades.
STO May 19 $14 calls @ $0.55
STO May 26 $17.5 calls @ $0.33
Short term trades and still very small positions in case things continued to degrade. Market looks to be bouncing now, so make go ahead and look for a couple of more.
Will be on airplanes most of the day headed back home.
@Jeff, Portland (Wilsonville) has been beautiful. Great weather up until today. Stay dry.
SVXY
I’m long a little stock @ 151.14 from a #TakeOneForTheTeamTrade …. since I’ve got another one of these for next week I wouldn’t mind unloading the stock so covering it for tomorrow. If nothing else, I’ll reduce the basis a little.
Sold SVXY MAY 12 2017 151.0 Call @ 1.30
Bunch of trades
#rolled TSO assorted calls 83 strike this week to May 26 83 calls at 0.88-.94 with avg. fill at 0.88. Originally sold for around 1.24 just before earnings. Decided to roll to catch the dividend next week then hope to be called away. After 9 weeks in the trade and multiple rolls if I am called out at 83 will have a nice profit. Assigned at 87.5 back then, cost basis now around 79.75 on assorted trades and the dividend will reduce that to 79.20.
Rolled TSO 77 puts this week to next week 80.5 for credit of 0.78. Originally sold last week for 1.05.
New market measures on laddering strangles https://www.tastytrade.com/tt/shows/market-measures
Still have WDC put ladders out 4 weeks, waiting for a little more theta decay through the weekend for some rolls.
Also have some EEM, DIA, SPY positions I am waiting to close to free up margin but they are longer term plays so still have 60-90 days on those.
VIX is almost up a whole point!!!! Yeah………
Raining here so if I see a good day trade will post but looks like the big moves are already settling down.
Collected more in premium on the above trades in 45 minutes than I get from a paycheck for 2 weeks and did the same last week. Most of it retirement so can’t touch it for 13.5 more years, but every bit now will help then!
I am now flat for expiration tomorrow.
Cheers Chris
$UVXY #ShortCalls – Sold Jun…
$UVXY #ShortCalls – Sold Jun 23 2017 24.50 Calls @ 0.70 with the stock at 13.32. Highest available Strike.
#FallingKnife candidates today $ALXN $AMGN…
#FallingKnife candidates today
$ALXN $AKAM $AMGN $BIIB $CHRW $ESRX $SIG $TSCO $UPS
$DUST #ShortCalls – Bought to…
$DUST #ShortCalls – Bought to Close DUST May 19 2017 45 Calls Limit @ 0.05.
High margin requirements.
Sold on 4/27/17 at 0.75.
ISRG adjustment
#ShortStrangles – Rolled May 12th 850.0 put out to May 19th 850.0 @ 2.25 credit
Sold against June 855.0 call…once I feel this call is safe I’ll start rolling the put down and out. I’d like to be completely out of this position by next earnings.
Since earnings one ISRG strangle has brought in 20.65 in premium against 11k margin.
NVDA continues…
Bought to Close NVDA MAY 12 2017 118.0 Puts @ .35 (sold for 4.34 and 3.16 yesterday)
Sold NVDA MAY 19 2017 120.0 Put @ 2.27
Sold NVDA MAY 19 2017 121.0 Put @ 2.75
Sold NVDA MAY 19 2017 122.0 Put @ 3.29
Sold NVDA MAY 19 2017 123.0 Puts @ 3.87
Used a tiny portion of premium received to roll up and out a couple calls:
Rolled Jun 23rd 115 calls out and up to Jul 21st 120’s @ 2.16 debit
$TSCO #FallingKnife Adding a ladder…
$TSCO #FallingKnife
Adding a ladder rung to my short Oct 55 puts.
Sold $TSCO Jan 19 50 puts @ 50 puts @ 1.15.
SPX switcheroo
#SPXcampaign Running into some margin limitations today as I am weighted toward the short put side so wasn’t able to sell more put spreads on my portfolio margin account. So, I am closing a short-term put spread and selling a call spread as a #ReverseRoll. This clears me to sell a longer-term put spread to fulfill my campaign objectives. This is playing on the assumption we are hitting some lows this week for a bounce into monthly expiration next week.
Bought to close $SPX May 18th 2340/2315 put spreads for 1.20. Sold as part of an iron condor for 3.40 on Apr 25th.
#ReverseRoll Sold to Open SPX May 18th 2415/2440 call spreads for 1.30.
Sold to Open SPX June 9th 2290/2265 put spreads for 1.40.
TLT adjustment
#PerpetualRollingStrangles – Selling some and rolling some…
Sold TLT JUN 2 2017 121.5 Calls @ .53
Rolled May 19th 123.5 puts to Jun 9th 123.0 @ even
$M–Didn’t get out of the way
Stupid mistake. I was profitable on short May 19 27 puts, and I didn’t take them off before earnings. I just got pulled away to other things and didn’t get back to it before the market closed. So I’m rolling them to June (same strike) for .63 credit. Brings cost basis down to 25.67.
$DUST #shortcalls BTC Dust Jun…
$DUST #shortcalls
BTC Dust Jun 16 $36C for 2.80, 2.75; sold 4/27 for $4.10
CRI
BTC June 70 puts @ .05, sold @ 1.20
Economic Data
8:30am EST PPI m/m – street sees 0.2%
8:30am EST Unemployment Claims – street sees 245K
8:30am EST Core PPI m/m – street sees 0.2%
10:30am EST Natural Gas Storage – street sees 52B
1:01pm EST 30-y Bond Auction
Earnings before Open
HIMAX TECH-ADR (HIMX) – consensus EPS 0.04
KOHLS CORP (KSS) – consensus EPS 0.27
MACYS INC (M) – consensus EPS 0.35
Earnings After Markets Close
BLUE BIRD CORP (BLBD) – consensus EPS 0.15
CHEROKEE INC (CHKE) – consensus EPS 0.14
LEARNING TREE (LTRE) – consensus EPS N/A
NORDSTROM INC (JWN) – consensus EPS 0.27
SPX Chart and VIX Indicator…
SPX Chart and VIX Indicator have been updated
YM Today
SNAP snapped
This stuff writes itself. Bought some shares after hours, 100x at 17.64 and 100x at 17.25. Because… why not?
#spx campaign btc after hours…
#spx campaign
btc after hours
may 12, 2420/2440 call spread @ .15 had sold for 3.10
thanks jeff
Market
If this is all the correction we are going to get from the latest political event, I guess it is not going to amount to much. As much as I would like a correction, I just don’t see it yet.
VIAB
STO December 27.5 puts @.80
Selling Premium
#shortputs
$AKAM STO November 42.5 puts @1.66 Following @optioniceman and @jsd501
$NVDA STO 5/19 110/115 BUPS @ .63 Thank you @bcoleman6
AKAM
STO November 42.5 puts @1.66
STO January 40 puts @1.40
Hat tip to Iceman for the idea.
This week in covered calls
#CoveredCalls #Earnings
BTC $FB May 12th 147 call for 4.00 (yesterday). Sold for 5.25 on 4/28 as a roll.
BTC $PANW May 19th 116 call for 1.60. Sold for 1.15 on 4/25
Both of these will be replaced with higher strikes the next time each stock rallies.
STO May 19 NVDA 115/110…
STO May 19 NVDA 115/110 .76 cr
BMY
BTC September 40 puts @.10, Sold @ 1.50, closing 4 months early and no commission.
SVXY
STO June 16, 90 put @ .70
#shortcallspreads NVDA inspired by the…
#shortcallspreads
NVDA inspired by the excellent discussion below-sold May 18 125/130 spreads for .86
SVXY
STO June 16, 94 put @ .85
STO June 16, 95 put @ .90
$TSN #FallingKnife Sold $TSN Jan…
$TSN #FallingKnife
Sold $TSN Jan 19 2018 47 puts @ 1.15
MIZZOU moving
Heading out to start the move…another semester done. Have a great day everyone!!
SPX calls sold
#SPXcampaign Sold to Open $SPX June 9th 2450/2475 call spreads for 1.50, with SPX at 2398.
NVDA ideas???
Any thoughts on this rocketship? Previous high on Feb 10 of 120.70. This baby looks to be trying to go in orbit today, but can’t see it continuing up this week after already up almost 16% today.
Currently in a BeCS 114/117 for May 12. I’m inclined to wait until at least tomorrow to see if this re-enters the atmosphere. Have been looking for ways to roll, but haven’t decided. Ditch it now, roll it, or wait until tomorrow or Friday? Any ideas @jeffcp66 or @fuzzballl as I know you’ve been in this one (not the same way as I am)?
#xle btc may 26, /65.5…
#xle
btc may 26, /65.5 and 67 put @ .25 and .53 /sold for .85 and 1.07
btc may 19, 65 put @ .06 sold for .18
all on up swing of xle to release capitol and reload on down swing.
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close 5 SVXY May 19 2017 55 Puts @ 0.01. They won’t trade any lower. Originally sold 03/24/17 @ 0.55
$MU #Short Puts Sold June…
$MU #Short Puts Sold June 16th 28 Puts @ 0.74 when $MU was at 29.00. Assignment would put my basis around the 50dma. This replaced the earlier closed position.
#FallingKnife candidates today – $AKAM…
#FallingKnife candidates today – $AKAM $VIAB $MNK $SEE $FOSL $CHRW
$MU #Short Puts Bought to…
$MU #Short Puts Bought to close May 19th 26 Put @ 0.4. Originally sold for 0.74.
$TRIP #ShortCalls #Earning – Bought…
$TRIP #ShortCalls #Earning – Bought to close TRIP May 19 2017 52.5 Calls @ 0.05. They won’t trade any lower.
VRX
#LongCallDiagonals – This is a low risk and possible high reward shot. Using the Whiz long call diagonal with protective put strategy. Low out of pocket cost and should recover all of it pretty early in the trade. Buying LEAP calls and selling narrow LEAP bull put spreads to reduce initial cost. Then, selling front month calls against the position similat to AMZN, GOOGL, and JPM trades I’m currently in.
Bought Jan 2019 10 calls and sold Jan 2019 7.5/5.0 bull put spreads @ 4.75 debit.
Still deciding when and where to sell the first batch of front month calls…
#earnings Yelp yelp- sold a…
#earnings
Yelp yelp- sold a May 19, 28-40 stranglereally crashed last night, I was imagining selling covered calls for years, recovered by morning, out with a small loss. The extra week helped, YELP is hovering just under 28.
JPM
#LongCallDiagonals – In this trade similar to my AMZN and GOOGL trades. Long LEAP calls and selling front month against them. JPM perking up a little so getting out of the way for now. Don’t wanna get caught with front month ITM if she moves higher. Pretty happy already receiving over 5 points in front month premium in a few weeks during it’s little pullback.
Bought to Close JPM MAY 12 2017 87.5 Calls @ .25 (sold for .45)
TLT
#PerpetualRollingStrangles – Somehow got a partial fill on this right at the open…LOL
Bought to Close TLT MAY 12 2017 121.5 Calls @ .05 (sold for .75)
Looking to re-deploy out a couple weeks….
NVDA
#Earnings #ShortStrangles – Had an existing inverted strangle along with an earnings strangle. Adjusting all of them…
Bought to Close NVDA MAY 12 2017 98.0 Puts @ .02 (sold for 1.96)
Bought to Close NVDA MAY 12 2017 113.0 Puts @ .97 (sold for 4.40)
And on the little opening dip:
Sold NVDA MAY 12 2017 118.0 Puts @ 4.34
Sold NVDA MAY 12 2017 118.0 Puts @ 3.16 (too slow on this one)
With these secondary “double dip” put sales I’m testing the John Carter theory that says a gap up beyond the expected move usually continues it’s run so sold the puts in the money for Friday.
Still holding short 108 and 112 calls that will be rolled out or out into new strangles later this week.
Economic Data
8:30am EST Import Prices m/m – street sees 0.2%
10:30am EST Crude Oil Inventories – street sees -2.0M
1:01pm EST 10-y Bond Auction
2:00pm EST Federal Budget Balance – street sees 175.0B
Earnings before Open
CTRIP.COM INTL (CTRP) – consensus EPS -0.05
DCP MIDSTREAM (DCP) – consensus EPS 0.27
DRYSHIPS INC (DRYS) – consensus EPS N/A
INTREXON CORP (XON) – consensus EPS -0.23
MANNKIND CORP (MNKD) – consensus EPS 0.12
SANDRIDGE ENRGY (SD) – consensus EPS 0.28
SNAP INC (SNAP) – consensus EPS -2.33
SYMANTEC CORP (SYMC) – consensus EPS 0.20
TWENTY-FIRST CF (FOX) – consensus EPS 0.48
WHOLE FOODS MKT (WFM) – consensus EPS 0.37
Earnings After Markets Close
ARRAY BIOPHARMA (ARRY) – consensus EPS -0.16
MYLAN NV (MYL) – consensus EPS 0.92
WOLVERINE WORLD (WWW) – consensus EPS 0.31
CBOE Seminar
What Are Dan Sheridan’s Two Favorite Strategies for IRAs?
Presenter:Dan Sheridan
Wednesday, May 10, 2017 at 3:30 pm CDT
Here is link
http://go.cboe.com/e/77532/arncenter-webcast-default-aspx/61ndrj/270388095
Earnings SPX Campaign Short Puts and Closed Early
#Earnings
$NVDA STO 5/12 95/115 strangle 2 1.95 Thank you @jeffcp66
$JAZZ STO 5/19 155/157.50/162.50/160 BUPS @ 2.40 Bought wrong date. See what happens. Thank you @jeffcp66
#spxcampaign
$SPX STO 6/9 2285/2310 BUPS @ 1.40 Following the leader
#shortputs
$SVXY STO 6/9 140 put @ 3.90 Thank you @jsd501
$MPLX STO 9/15 33 put @ 1.40 Thank you @tabortrader
#Closed Early
$SPX BTC 5/15 2440/2415 @1.40 38% profit Position too big. This is sale of half original
$NFLX STC 6/16 150 calls @8.56 BTO @ 6.40
$GS BTC 5/19 195/2015 BUPS @.05 for 91% profit
$NUGT #ShortPuts #PreSplit – Rolled…
$NUGT #ShortPuts #PreSplit – Rolled some strike 8 Puts for this week out a bit
Bought to close NUGT May 12 2017 8.0 Puts/ Sold NUGT May 19 2017 8.0 Puts @ 0.12 Credit
and
Bought to close NUGT May 12 2017 8.0 Puts/ Sold NUGT Jun 2 2017 7.5 Puts @ 0.05 Credit
PCLN addition
#Earnings Added a call butterfly at 1925/1950/1975 for 3.00. So I now have a bullish double hump, with max profits at 1950 or 2000. Now watch it go down….
$UVXY #CoveredCall – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY May 12 2017 14.0 Calls @ 0.12.
At this point I just want out.
SVXY
STO June 9, 130 put @ 2.60
#earnings for you Tatsy Trade…
#earnings for you Tatsy Trade viewers, there are a boatload of earnings trades today, most which don’t seem to fit the prevailing style here. many are ironflys, too close for my comfort.
$UAA #CoveredCalls – Sold UAA…
$UAA #CoveredCalls – Sold UAA JAN 19 2018 27.5 Calls @ 0.64
#earnings #shortstrangle YELP May 19…
#earnings #shortstrangles YELP
May 19 28/40 for 1.15
SVXY
STO June 23, 125 put @3.20
SVXY
STO June 23, 120 put @ 2.65
$MNK #FallingKnife Well, this falling…
$MNK #FallingKnife
Well, this falling knife may have found some recent support but still…
Sold $MNK Jan 19 2018 30 puts @ 1.40. It’s never traded anywhere close to this level in the 4 years since its IPO.
SVXY
STO June 23, 135 put @4.85
$SVXY #ShortPuts #ShortCalls – lightening…
$SVXY #ShortPuts #ShortCalls – lightening up on old SVXY positions. Covering ITM calls at a loss. Only partially offset by covering short puts at a gain.
2 SVXY May 26 2017 85.0 Puts @ 0.05 – Sold at 1.53
1 SVXY Jun 2 2017 70.0 Put @ 0.05 – Sold at 1.21
5 SVXY JUN 16 2017 43.0 Puts @ 0.03 – Sold at 1.11
5 SVXY JUN 16 2017 50.0 Puts @ 0.11 – Sold at 0.60
2 SVXY JUN 16 2017 57.0 Puts @ 0.09 – Sold at 1.57
2 SVXY SEP 15 2017 35.0 Puts @ 0.18 – Sold at 0.72
10 SVXY SEP 15 2017 40.0 Puts @ 0.18 – Sold at 0.80
2 SVXY SEP 15 2017 45.0 Puts @ 0.31 – Sold at 1.45
2 SVXY JAN 19 2018 70.0 Puts @ 2.92 – Sold at 7.18
1 SVXY JUN 16 2017 120.0 Call @ 36.65 – Sold at 9.29
2 SVXY JAN 19 2018 140.0 Calls @ 37.00 – Sold at 6.40
2 SVXY JAN 19 2018 150.0 Calls @ 31.55 – Sold at 4.80
2 SVXY JAN 19 2018 155.0 Calls @ 29.25 – Sold at 4.70
SVXY
STO June 23, 130 put @4.00
SVXY
STO June 9, 140 put @ 3.90
SVXY strangle
Sold in June with a bit of a bearish bias:
$SVXY Jun 16 125/175 strangle @ 4.40 with the stock at 155.15
NVDA earnings
#Earnings Legging into the NVDA May 12th 95/115 strangle. Just sold the 115 calls for .75. Bid is in to sell the 95 puts for 1.30. Trade leans bullish as past earnings reports have a solid bullish bias. Biggest UP move: 29.8%, Biggest DOWN move: -7.4%, Average move: 9.6%. These strikes are +10.6% and -8.7% OTM.
#T btc ,jan 19, 37…
#T
btc ,jan 19, 37 call @ 3.05 had sold for 3.45
#DIA btc ,may 12 211…
#DIA
btc ,may 12 211 call @ .05/part of spread with 214 call /had sold for .31
214 call- left to expire.
PCLN earnings trade
#Earnings Bought to Open $PCLN May 12th 1975/2000/2025 call butterfly for 2.20. Max risk, 2.20, max gain, about 2200.
Small trade shooting for the high open interest at 2000.
IFF
STO November 120 puts @3.90
AMZN adjustment
#LongCallDiagonals – Still fighting the short call but that’s a good thing. Rolling it up and out and reducing basis on long call LEAP (again).
Rolled Oct 20th 850.0 short call to Dec 15th 865.0 call @ .21 credit
And:
Rolled Jan 2019 750.0 long call up to Jan 2019 850.0 call @ 67.00 credit (new basis now 30.50)
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
SEE, falling knife
STO January 37 puts @1.10
