#ShortCalls – Adding to top of the ladder…
Sold SVXY JAN 19 2018 260.0 Call @ 3.20
Recent Updates Page 428
$APA #ShortPuts #FallingKnife – sold…
$APA #ShortPuts #FallingKnife – sold a few of these
Sold 1 APA Jul 21 2017 45.0 Put @ 1.58
Sold 1 APA Oct 20 2017 40.0 Put @ 1.41
CMG roll
#ShortStrangles – To eliminate any risk of overnight assignment…
Rolled this week’s 490 put out two weeks to 487.5 @ .55 credit. This is against a DITM short call so a welcome pullback.
#earnings REGN Have an IC,…
#earnings REGN
Have an IC, 430/440 decided to close and take the hit before it gets out of hand
GILD earnings
#Earnings – Making sure I get out of this….not risking a big drop tomorrow and saving exercise fees. Made about what my earnings trade target was by holding an extra week.
Sold to Close GILD Stock/Covered Calls @ 66.94 (basis 65.90)
EDIT… “Sold to Close”
REGN
Going to the well again. STO May 19, 420 put @ 6.20 but net 6.15
$PXD #ShortPuts #FallingKnife – Sold…
$PXD #ShortPuts #FallingKnife – Sold 1 PXD Dec 15 2017 105.0 Put @ 1.40 with the stock at 165.46
$OXY #ShortPuts #FallingKnife – Sold…
$OXY #ShortPuts #FallingKnife – Sold 1 OXY NOV 17 2017 50.0 Put @ 1.33 with the stock at 57.73
REGN
BTC May 19, 300 put @ .05, sold at 5.40. Hat tip to Fuzzball.
$MYL #CoveredCalls – Sold MYL…
$MYL #CoveredCalls – Sold MYL Oct 20 2017 47.5 Calls @ 0.41 with the stock at 37.98
$SWN #ShortPuts #FallingKnife – Sold…
$SWN #ShortPuts #FallingKnife – Sold SWN Sep 15 2017 6.0 Puts @ 0.49 with the stock at 6.87
YM Trade
#futures
Opening gap trade this morning.
STO 20918 at 6:32am
Placed an OCO order with stop at 20938 and profit target at 20865 (3 pts above the PP)
Target filled at 6:50am. 53 points in 18 minutes. I’ll take it.
Exit My SPX short Put
Bought ( BTC ) May 19th Short Put, 2400, at 2430, sold early Feb for 12015.00 …
Gain at 80%
SPX calls sold
#SPXcampaign Order was in this morning for 1.65… got a partial fill (rare on SPX) at the intraday high of 2390… now I can’t even get filled for 1.45 on the rest.
Sold to Open $SPX June 2nd 2445/2470 call spreads for 1.65
$SWN $RRC $EQT $DO $APA…
$SWN $RRC $EQT $DO $APA $OXY $GWW $BBBY #FallingKnife candidates today. Most are in the Oil/Energy space.
$UVXY #ShortCalls #VXXGame – Bought…
$UVXY #ShortCalls #VXXGame – Bought to close UVXY3 JUN 16 2017 31.0 Calls @ 0.01 in 4 separate accounts this morning. Still 43 days left until expiration and they won’t trade any lower.
These are the old pre-split contracts. At the time they were sold they were the highest available strike.
Sold on 10/27/16 @ 4.00
Sold on 10/28/16 @ 4.40, 4.50
Sold on 11/01/16 @ 5.25, 5.45, 5.50, 5.60
$SVXY
BTC May 12 $80 puts @ $0.02, sold for $0.80
Have orders in against all of my open positions for May 12 and May 19. We’ll see how many get filled over the next few day’s.
TSLA puts
#ShortPuts Sold $TSLA Jun 16 250 puts @ 2.00. Delta 10.
SVXY for the team
#TakeOneForTheTeam – Took an additional stealth one for the team (didn’t post it due to the risk). Sold this week’s 151/156 BuPS early in the week. Got assigned last night on the 156 put so this morning sold the long put @ 2.20. Received 2.84 for the original sale so in the stock @ 151.
I’ll probably hang on to it for awhile to help protect Jan 2018 short calls @ 225, 230, 235, 240, 245, 250, and 255.
As of right now delta on the shares vs the short calls is -27. This becomes delta neutral @ 140.55 so I may end up selling a few more calls for some extra downside protection.
REGN never a dull moment
#ShortStrangles – Learned (again) another valuable lesson. Had short calls on this thing that could’ve been closed for pretty cheap one week ago today. Now…not so much after a straight up 70 dollar move in a week. These calls (382.5 and 390) will be rolled to new strangles or way out and up and then sell the crap out of weeklies against them.
The good news is I chased short puts all the way up the run collecting great premium along the way….
Currently the puts are:
422.5 @ 23.25 each average. These include rolls from 375 to 380 to 385 to 395 to 400 to 410 to 422.5…LOL!
Lots of maneuvering room here but would’ve been much easier to take the 80 percent of max winner last week…
I see some others are…
I see some others are star wars geeks : )
Unwound EXPE puts at 0.15 and 0.30 and were sold for 1.25 for earnings last week.
Looking at weeklies, no real good premium. I am going to let a bunch of positions expire this week then start setting up ladders on higher vol stocks next week like TSO, WDC, GILD, EXPE, AAL, CELG etc. Just don’t see good risk/reward ratio in weeklies at the moment and definitely not on the indexes even going a few weeks out. Momentum seems to be running out, hopefully we get a shift and some downside and volatility. Dynamic trend indicator just fired a down side trade on the 4 hour chart on /es and it is pretty accurate for about the next week. About 80% accurate on a 4 hour chart for a 1 week trade.
Crazy windy and sunny here so going kiteboarding at assateague! May the fourth be with be with you!
MELI earnings
#Earnings Not seeing much to trade today, but this one has always been a winner win I trade it bullishly.
Sold $MELI May 19th 210 puts for 1.55. Over last 12 reports, its 13-DAY moves: Biggest UP move: 22.5%, Biggest DOWN move: -10.6%, Average move: 9.1%. This trade is -10.6% OTM.
SVXY
#IRA – Replacing a closed position from yesterday…
Sold SVXY DEC 15 2017 80.0 Put @ 3.50
TSLA strangle
#ShortStrangles – Sold TSLA JAN 19 2018 175.0/500.0 Strangle @ 6.10
TSLA
#Earnings – Once it broke 300 I bailed at even.
Bought to Close TSLA MAY 19 2017 295.0/350.0 Strangle @ 5.95 (sold for 6.00)
$DUST #ShortCalls Sold at the…
$DUST #ShortCalls
Sold at the highest strike:
$DUST Jul 21 52 calls @ 2.85
$DUST Dec 15 50 call @ 7.60
Looks like I may have been a bit early.
STMP earnings closed
#Earnings Bought to close $STMP May 5th 90 puts for .05. Sold yesterday for 1.30.
TSLA earnings closed
#Earnings Bought to close $TSLA May 5th 290/350 straddles for .30. Sold yesterday for 1.83. Nice profit and release of margin power for today’s earnings trades.
TQQQ
Last week I bought the ETF at 91.67 and sold the 92 calls for May 5, @ 1.67 and was assigned early last night. I am still holding 58% cash waiting for a correction which may never happen.
Earnings and Closing $GOOGL trade
#earnings
$STMP STO 5/5 90 put @ 1.30
$FB STO 5/5 146 put @ .60 Thank you @jeffcp66
#longcalls
$GOOGL STC 5/19 850/860 BUCS @ 9.90 BTO @ 5.20
$DO #ShortPuts #FallingKnife – Sold…
$DO #ShortPuts #FallingKnife – Sold 1 DO Sep 15 2017 12.5 Put @ 1.04
#FallingKnife – some former #FallingKnife…
#FallingKnife – some former #FallingKnife stocks with nice days today
$CVX 106.72 +1.36
$QCOM 54.49 +1.20
$FSLR 33.91 +3.59
$PANW 113.14 +3.23
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT Jul 21 2017 45.0 Call @ 2.18.
Paired up with short $DUST Calls at 65 for June and 90 for January
FINAL earnings trades for the day
#Earnings Added to FB ladder… sold $FB May 5th 146 puts for .81
Sold to close (1x) $GRPN 4 put for .60… breakeven on that one, but keeping the others for one more day.
$TSLA #ShortPuts – Sold TSLA…
$TSLA #ShortPuts – Sold TSLA MAY 5 2017 280.0 Puts @ 0.62. Paired with a couple of long term short 500.0 Calls.
My bid at a penny is already in to cover these.
SPX trades
#SPXcampaign Bought to close $SPX May 18th 2460/2485 call spreads for .15.
Sold to open SPX May 15th 2315/2340/2415/2440 #IronCondor for 3.90
UP and DOWN x4
Crazy…
http://www.zerohedge.com/news/2017-05-03/there-now-quadruple-leveraged-sp-500-etf
TSLA earnings
#Earnings – Just for fun trying something a little different. Since I don’t want to sell any more than one strangle, gonna go out in time a little for more premium.
Sold 1 TSLA MAY 19 2017 295.0/350.0 Strangle @ 6.00
WDC re-established put ladder
STO May 12 85 puts at 0.58
STO May 19 85 puts at 0.72
still have the may 26 and June 2 84.5 and 83 puts that were sold before earnings at 1.07 and 1.33.
If reverses will roll or convert to jade lizard.
Decent premiums, just 3 contracts last month with a 4 week ladder paid $2635 but that included the spike from earnings last month. Don’t expect it will do as well this month but still consistent.
Seems to carving out a new higher range.
CMI earnings closed
#Earnings #ShortStrangles
Bought to close $CMI May 5th 140/160 strangles for .50. Sold for 1.00 on Monday. Got a nice pullback today after it breached my call strike yesterday. Closing now to avoid a rally in the stock, and also to clear up margin.
TSLA earnings
#Earnings Sold May 5th 290/350 strangles for 1.83. Over last 12 reports, Biggest UP move: 11.2%, Biggest DOWN move: -11.3%, Average move: 5.6%.
SVXY closures
#VXXGame Closing the call to free up margin for more earnings trades. I will consider replacing it later.
Closed $SVXY June 16th 140 call for 15.10. Sold for 6.60 on Jan 2oth as a roll.
Closed $SVXY May 90 puts for .165 (avg price). Sold for 1.95 on Apr 19th.
CF
STO August 22.5 puts @1.14
SVXY
BTC May 19 85 put @ .15 sold Mar 22 @ 1.52 free up margin 16 DTE
IWM June strangle
Sold $IWM Jun 16 133/143 strangle @ 2.07
SVXY
My highest strike in the #IRA … freeing up margin for the next opportunity.
Bought to Close SVXY MAY 19 2017 90.0 Put @ .20 (sold for 2.75)
REGN and STMP earnings
#Earnings #ironcondor
Sold $REGN May 5th 355/375/430/450 iron condors for 2.40. Biggest UP move: 4.8%, Biggest DOWN move: -6.3%, Average move: 2.8%. My short strikes are -7.2% and +6.4% OTM
#ShortPuts Sold $STMP May 5th 90 puts for 1.30. Biggest UP move: 38.1%, Biggest DOWN move: -16.1%, Average move: 15.3%. This trade is 16.1% OTM.
Earnings closed
#Earnings #ShortPuts #ShortStrangles
Closed $CHTR May 5th 325/370 strangles for .50. Sold on Monday for 2.30.
Closed $DPZ May 19th 165 puts for .10. Sold last week for 1.10.
“Lots of long call bets…
“Lots of long call bets on VIX, but short put is the tasty way.” Tom Preston @ tt.
#VIX
http://tinyurl.com/lzjc8vz
BTC GILD 66.5 puts for…
BTC GILD 66.5 puts for .058. Sold for 0.68. With it down this morning after earnings I did not want another assignment that I have to roll for weeks to get rid of. Doing that with TSO now, 8 weeks. I am profitable but every time I sell a call it closes right below the strike. Hopefully next week or 2 I can finally unload the shares then go back to put writing.
$SVXY #ShortPuts – margin made…
$SVXY #ShortPuts – margin made me do it – with all I’ve closed I’m good below 148.50
Bought to close 1 SVXY May 05 2017 82.0 Put @ 0.01 – Sold at 1.14
Bought to close 1 SVXY May 05 2017 83.0 Put @ 0.01 – Sold at 1.23
TLT June strangle
Borrowing an idea from a Tasty Trader but tweaking it a bit.
Sold $TLT Jun 16 119/125 strangle @ 1.55 with TLT at 122.22
REGN earnings
If I didn’t have positions already, I’d be looking at this one…
FB friending earnings
#Earnings #ShortPuts I have orders in to leg into short puts, $FB May 5th 148 and 147, on the morning weakness. If we rally into the afternoon I will consider (much further out) calls.
I am bullish on the report but also willing to take assignment.
Over last 12 reports: Biggest UP move: 15.5%, Biggest DOWN move: -6.1%, Average move: 4.6%.
$AKAM $APC $NBL #FallingKnife candidates
$AKAM $APC $DO $NBL $OXY #FallingKnife candidates
Selling puts on TWLO
Sold $TWLO Jun 16 23 puts @ 1.00
$AAPL – one of the…
$AAPL – one of the few stocks in the DOW, the SP500 and the NASDAQ100.
A lower market open tomorrow?
$SVXY #ShortPuts #AfterHours – Bought…
$SVXY #ShortPuts #AfterHours – Bought to close 1 SVXY May 05 2017 80.0 Put @ 0.01.
Sold on 03/24/17 @ 1.25
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close 2 SVXY May 05 2017 81.0 Puts @ 0.01.
Sold in late March and early April at an average of 1.14
$NUGT
I bought a couple May 12 6 puts at .04 for margin relief on some higher puts. After the the reverse split, TDA has me with a 23,650% gain on them.
$RIG $NOV #FallingKnife candidates
$RIG $NOV $OXY #FallingKnife candidates
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 2 UVXY May 12 2017 27.5 Calls @ 0.01. They won’t trade any lower.
Sold at 1.33 and 1.57 on 4/3/17
GRPN earnings
#Earnings Trying the rare #LongStraddle trade for a stock that tends to move big on earnings:
Bought $GRPN March 5th 4.00 straddles for .60. Biggest UP move: 29.0%, Biggest DOWN move: -26.3%, Average move: 16.7%. Breakevens are +/-15% OTM.
Anyone playing $AAPL?
Tempted to sell a strangle but always careful that any earnings announcement could have some news that would blast the thing off. Valuation isn’t as good as it was a year ago, but still a reasonable PE (17) for a company projected to grow by 16% over the next 5 years. Sitting on my hands for now.
#Earnings
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close 10 SVXY Jun 16 2017 39.0 Puts @ 0.05 (no commission).
Sold in late December for an average of 1.27.
#shortcallspreads CMG From TradeWise May…
#shortcallspreads CMG
From TradeWise May 19 500.502.5 for .70
earnings on TAP
#Earnings Sold to Open $TAP May 5th 92/95/98 #IronButterfly for 2.00. Max loss 1.00. Biggest UP move: 5.8%, Biggest DOWN move: -4.1%, Average move: 2.5%. Breakevens are +/-2.1% OTM at Friday expiration..
#SVXY #ShortPuts #ShortCalls – Margin…
#SVXY #ShortPuts #ShortCalls – Margin issues are still pressuring me.
Bought to close 2 SVXY Jan 19 2018 130.0 Calls @ 38.80 – Originally sold at 7.90
Bought to close 2 SVXY Jan 19 2018 135.0 Calls @ 35.70 – Originally sold at 7.10
Bought to close 6 SVXY Sep 15 2017 165.0 Calls @ 13.40 – Originally sold at 13.43 (breakeven)
Bought to close 22 SVXY Jun 16 2017 55.0 Puts @ 0.11 – Originally sold at 3.55
A net overall loss but not as bad as yesterday.
If the stock keeps hanging around 150 I’ll be forced out of more positions in the next day or two.
NUGT DUST combo platter
#ShortCalls – New NUGT options available today. Selling a combo since they both can’t lose…highest NUGT strike so far paired with whatever DUST strike brings equal premium.
Sold NUGT JUL 21 2017 45.0 Call @ 2.10
Sold DUST JUL 21 2017 50.0 Call @ 2.20
$DUST ShortPuts – Bought to…
$DUST ShortPuts – Bought to close DUST MAY 5 2017 27.0 Puts @ 0.05. They won’t trade any lower.
Sold on 4/12 at 3.70 as a #Rolldown trade. After a number of rolls, made a decent return overall.
Closing GILD
$GILD #ShortPuts With earnings tonight the strike very possibly could be safe (55 with the stock at 68.79), but this is a biotech and anything can happen so I’m taking this off for about 75% of the premium received.
Bought to close $GILD Aug 18 55 puts @ .34. Sold for 1.32-1.45 on Feb 8-9.
# experiment and more thoughts…
- experiment and more thoughts on efficiency of capital.
So a few weeks into the options income blueprint. One of the things they recommend is higher $ return on covered calls vs. selling puts. In looking at the numbers may be right in terms of absolute dollars. However on a percentage basis selling puts is higher.
Example, buy write on TSO right now with stock at 79.3, you could do 10 lot on next weeks 77 strike and the call you would make $980 and on the put only $810. So in absolute terms make $170 more on the buy write than the put write. Looking at most stockso this seems to be true, even more with names that are skewing to the upside and the calls are more expensive than the equal distant puts.
Now on a percentage basis, the put writing is better but on an absolute basis make more with the buy writes. Maybe better to write puts on margin and buy writes in retirement accounts.
I used to trade deep ITM covered calls 3 months out. Gave good protection 10-20% but found theta decay to be slower than paint drying. However, was successful.
Thoughts? Any of you doing ITM covered call on a weekly basis?
TLT adjustment
Possibly my favorite #PerpetualRollingStrangles …
Rolled this week’s 123.5 puts out to May monthly 123.5 @ .38 credit.
Paired with many calls near the same strike out over the next few weeks.
GLD rolled
#PerpetualRollingStrangles – Another roll. They add up over time…
Rolled this week’s 120.5/113.0 inverted strangles to May monthly same strikes @ .55 credit.
Came close to getting out of the 120.5 puts but she reversed too soon…
CMG
#ShortStrangles – My only problem child…time for more aggressive punishment to force some cooperation.
Short a Jun 450 call and a May 470 put so:
Rolled May 470 put in and up to this week’s 490 @ 2.55 credit.
Total premium received on the 490 put is now up to 9.56. Plan is to keep selling at or slightly in the money puts every week until a reversal. Otherwise will have plenty of credit in the position for a debit roll of the call.
