STO June 45 puts @1.63
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Wailing Over Yelp
#shortcalls
All my short calls on my full $YELP stock position will expire worthless.
Of course, my full $YELP shares are worth less.
Will watch tape today and see if covering again or unloading makes sense.
SPX Puts Sold
#spxcampaign
$SPX STO 3/10 2200/2225 BUPS @ 1.50
$SPX STO 2/17 2275/2300 BUPS @ 3.50
$NUGT #ShortPuts – Sold these…
$NUGT #ShortPuts – Sold these as a partial offset to DUST short Puts. They both can’t be wrong. If NUGT is down, then DUST is up.
Sold NUGT Mar 3 2017 10.0 Puts @ 0.40
Sold NUGT Mar 10 2017 10.0 Puts @ 0.56
FB covered call
#Earnings #StockTrades #CoveredCalls
This is an earnings trade that started in January 2016. I was assigned short stock at that time, held that most of the year (painfully), selling puts against it, then switched it to a long stock position in October. It is finally in profit territory above 133.00. I still like the stock long so I’m going to keep it as long as it holds up.
STO FB March 10th 140 call for .80
NVDA earnings
This could be the biggie depending on how far I wanna push it…
Original position is 120/115 inverted strangles @ 9.85 (that’s a long story posted elsewhere)
Could close now for a 3 dollar winner but I’d like to see it back inside the strangle this afternoon for 5 dollar winner. If it tanks this afternoon I’ll take my chances rolling and collecting more premium. This one is always on the TT high IV list so either way, I’ll still carry a position on it. Looking out to March monthly for a new strangle if this one closes.
$SVXY #ShortCalls – Sold 1…
$SVXY #ShortCalls – Sold 1 SVXY Jan 19 2018 240.0 Call @ 4.80 with the stock at 125.03
SPX puts sold
#SPXcampaign Sold to Open $SPX March 10th 2225/2200 put spreads for 1.50, with SPX at 2311.
ATVI earnings
#Earnings – Having to work on this one a little bit after the two and half times the expected move…
Originally Sold 37/39.5/39.5/42 iron flies @ 1.95
then:
Bought to Close 37/39.5/39.5/42 iron flies @ 2.40 (saved 15 cents over max loss)
also:
Sold ATVI FEB 10 2017 45.0 Puts @ .35 (sold one extra vs #of flies)
Long story short…if the 45 puts expire the entire trade will cover my gambling on the golf course this weekend. 🙂
RGLD covered call
#Earnings #StockTrades #CoveredCalls
STO RGLD April 77.5 covered call for 1.85. Replacing calls that will expire next week.
$DUST #ShortCalls #Strangles – I’ve…
$DUST #ShortCalls #Strangles – I’ve decided to add to positions from yesterday
Sold DUST APR 21 2017 53.0 Calls @ 0.95
Sold 1 DUST JAN 19 2018 90.0 Call @ 4.50
These trades cost nothing in the way of margin but they do bring in a cushion of cash. All are the highest available strike prices. The stock is opening near 27, up a bit today
EXPE earnings
#Earnings – Small winner…could’ve been a big winner now. 😦
Bought to Close EXPE 118/123/123/128 iron fly @ 2.63 (sold for 4.00)
YELP trade closed
#Earnings #LongStraddle Sold to close $YELP Feb 10th 41.5 put for 4.75. Bought yesterday as part of the 41.5 straddle for 4.45. Order filled on the low tick 6 minutes after open. Small profit is good enough for me.
Earnings
#Earnings Looks like I picked the correct week to drop the Iron Butterflys. 5 for 5 on earnings trades this week, winners for ALK, EXPE, NVDA, and ATVI. All bullish trades. Guess it’s easy when the market keeps going up. YELP will be a small win or break-even, my first ATM long straddle in a couple years.
Late Trades Busy Shoveling
$CYNO STO 2/17 55 call @.80 (Covered) (OMM)
$YELP STO 2/10 43 call @ 1.50 (Covered)
$GPOR STO 2/17 20 call @ .82 (Covered)
$GOOGL STO 3/17 790/800 BUPS @ 1.80 (OMM)
SPX put spread hedge
#SPXcampaign Sold to Open $SPX Feb 16th (monthlys) 2300/2275 put spreads for 4.50.
YELP and EXPE
#Earnings Had to pay up for YELP by waiting until now… was 4.00 early, but I was filled for 4.45
Bought to open $YELP 41.5 straddle for 4.45.
EXPE, premium dropped to much on the 123/120, so I went naked:
Sold to Open $EXPE Feb 10th 117 puts for 1.25. 4.9% OTM.
#spxcampaign Closed my Feb 28th…
#spxcampaign Closed my Feb 28th 2130/2150 BuPS @ 0.15 off a GTC order. $SPX was at 2310.47. Originally open 1/30 @ 0.90 So far beginners luck.
SVXY
STO January 230 call @5.60 and 235 call @5.10
EXPE earnings
#Earnings Been waiting for a fill on the $EXPE Feb 10th 123/120 put spread for 1.40. Hasn’t happened yet, but that and YELP long straddle are the two I’m looking to fill by day’s end.
EXPE is a bullish ATM trade. Chart is bullish and they usually react positively:
Oct. 27, 2016 AC 4.12%
July 28, 2016 AC -2.19%
April 28, 2016 AC 8.20%
Feb. 10, 2016 AC 9.56%
Oct. 29, 2015 AC 7.27%
July 30, 2015 AC 12.85%
April 30, 2015 AC 7.91%
Feb. 5, 2015 AC -11.51%
Oct. 30, 2014 AC 5.25%
July 31, 2014 AC 6.34%
May 1, 2014 AC -3.68%
Feb. 6, 2014 AC 14.29%
Adding to Jan SVXY call position
Sold $SVXY Jan 19 2018 240 call @ 4.50. This is now the highest strike in Jan.
REGN again…
Pretty good week in this ticker…
#ShortPuts #IRA – Bought to Close REGN FEB 17 2017 325.0 Put @ .30 (sold for 7.50)
BOT VERTICAL SPX 28 FEB…
BOT VERTICAL SPX 28 FEB 17 2170/2070 PUT @.75 sold it on 1/31/2017 at $3.85 gaining 80%
BOT VERTICAL SPX 1 MAR 17 2175/2075 PUT @.95 sold it on 1/31/2017 for $4.25 gaining 78%
BOT VERTICAL SPX 3 MAR 17 2165/2065 PUT @1.10 sold it on 1/31/2017 for $4.50 gaining 76%
BOT VERTICAL SPX 24 FEB 17 2170/2070 PUT @0.65 sold on 1/20/2017 $4.75 gaining 86%
$NVDA Earnings
REGN earnings
#Earnings – After a wild news/earnings driven roller coaster ride I’ll gladly book this one…
Bought to Close REGN FEB 10 2017 335.0/370.0 Strangle @ .80 (sold for 4.70)
GOOGL roll
#LongCallDiagonals – Still easing it up a little at a time…
Rolled this week’s 817.5 call to Feb 17 820.0 @ .10 credit.
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
#shortcallspread AMZN March 17 STO…
#shortcallspread
AMZN March 17 STO 860/870 for 1.12 goes with 740/750 put spread.
ATVI earnings
#Earnings Sold to Open $ATVI Feb 10th 36 puts for .36. Will add more or perhaps some 36.5 puts if premium rises. Biggest UP move: 14.4%, Biggest DOWN move: -7.9%, Average move: 6.1%. This trade is 8.7% OTM.
SPX Close
Jan 24 buy 2 feb 24 2120 puts -$2.43 -$486.00
Jan 24 sell 2 feb 24 2220 puts $7.59 $1,518.00
Feb 9 buy 2 feb 24 2220 puts -$1.80 -$360.00
Feb 9 Sell 2 feb 24 2120 puts $0.55 $110.00
Gain @ 76%
YELP earnings
#Earnings I am considering BUYING a YELP straddle at the end of the day. Right now, it would cost me 4.00, which would require a 9.1% to breakeven. Over last 12 earnings, Yelp’s Biggest UP move: 23.7%, Biggest DOWN move: -25.2%, Average move: 15.1%.
With such a high average move, it is worth a shot. I will see which strike it ends the day at and what the premium is.
FFIV
#CoveredCalls – Received stock from an earnings strangle last week. Massive reversal blowing through my first covered call so rolling out and up to capture another dollar.
Rolled this week’s 135 calls to Feb 24th 136 @ even.
NVDA earnings
#Earnings #ShortPuts Sold to Open $NVDA Feb 10th 108 puts for 1.20. Over last 12 earnings, Biggest UP move: 29.8%, Biggest DOWN move: -7.4%, Average move: 9.7%. This trade is 8.1% OTM.
SPX puts closed
#SPXcampaign Bought to close $SPX Feb 13th 2270/2245 put spreads for .20. Sold for 2.30 on Monday.
IRBT
STO June 46 puts @1.35
SPX calls sold
#SPXcampaign A standard campaign trade, and a more aggressive roll trade…
Sold to Open $SPX March 10th 2365/2390 call spreads for 1.30, with SPX at 2305
Sold to open $SPX Feb 24th 2320/2345 call spreads for 4.75, with SPX at 2306 #Rolling
$/YM Papertrade
Got a chance this morning so decided to enter a paper trade. Market is strong, should have made this one for real.
Entered @ 8:30 central, 20032
$DUST #ShortCalls #Strangles – I’ve…
$DUST #ShortCalls #Strangles – I’ve decided to add to positions from yesterday to partially hedge any unexpected put assignments that might happen over the next month or so.
Sold DUST APR 21 2017 53.0 Calls @ 0.90
Sold 1 DUST JUN 16 2017 65.0 Call @ 1.70
Sold 1 DUST JAN 19 2018 90.0 Call @ 4.40
These trades cost nothing in the way of margin but they do bring in a cushion of cash. All are the highest available strike prices. The stock is hovering near 26, up a bit today
Futures Trade
9:35 Long YM as the 9:30 stall completes, and $tick moves back above zero..trade entered at 20070, stop at 20050..
9:45 YM moves up to 20110, stop moved to 20090
10:05 exit my trade at 20110, as the marjket starts to stall and rest at the 10am hour..
Gain of 40 points, 25/point
#spxcampaign Bought to close my…
#spxcampaign Bought to close my Feb 24th 2340/2360 BeCS @ 0.80. I originally sold this 2/3 for 0.95 off an accidental flip to a GTC order. I decided to take the small profit as the S$P has continued to bang on the 2300 ceiling. I will track this on and see if holding closer to expiration was the proper method as I continue to learn and adjust.
NFLX strangle
#ShortStrangles My only remaining $NFLX position was the short June 175 call. So to hedge it…
Sold to Open NFLX June 120 put for 3.15.
SPX trades
#SPXcampaign Yesterday before the closing bell, I rolled a one-week out call spread:
Bought to close $SPX Feb 15th 2295/2320 call spreads for 6.75. Sold for 9.00 on Feb 3rd.
#Rolling: Sold to Open $SPX Feb 22nd 2300/2325 call spreads for 7.50.
This will be managed as an ITM spread… I will decide whether to roll based on the SPX price one week before expiration.
SPX, new all-time high
SPX, new all-time high
/ES Hedge
Filled overnight:
Bought to Close /ES FEB 17 (Wk3) 2230 PUT @ 1.80 (Sold for 29.00)
Sold /ES APR 17 (Wk3) 2200 PUT @ 22.00
Continuing to sell against a short /ES hedge to gradually raise basis…
REGN earnings strangle…
335/370 @ 4.70
Out all day…sending from phone.
Market
I’ve been in an all day meeting today (currently on a break) so just now getting to seeing the market. Looks like I didn’t miss much. I’m leaving on vacation friday and will be out all next week so haven’t put on any new positions since last week. Will start doing some /YM paper trading when I get back. Someday we’ll be selling the hell out of $UVXY calls again.
#SPX Campaign BTC Feb 24th…
#SPX Campaign BTC Feb 24th 2100/2120 Put spread @ 0.15. Originally sold for 0.85 on 1/23
Going short bonds via
Out of the money short calls in March.
Sold $TLT Mar 17 126 calls @ .61 with TLT at 122.05.
Adding some NUGT calls
Sold $NUGT May 19 26 calls @ .80. Highest strike (with NUGT currently at 13.34).
$DUST #ShortCalls #Strangles – with…
$DUST #ShortCalls #Strangles – with DUST below 25.0 and pushing even my lowest strike price Puts into the money, I’ve decided to partially hedge any unexpected assignments that might happen over the next month or so.
Sold DUST APR 21 2017 53.0 Calls @ 0.85
Sold 1 DUST JUN 16 2017 65.0 Call @ 1.55
Sold 1 DUST JAN 19 2018 90.0 Call @ 4.10
These trades cost nothing in the way of margin but they do bring in a cushion of cash. All are the highest available strike prices and as long as I am carrying short puts I should be able to safely add to these at higher prices.
$GILD #ShortPuts #FallingKnife – Sold…
$GILD #ShortPuts #FallingKnife – Sold 1 GILD AUG 18 2017 55.0 Put @ 1.40.
Staying small and watching this one cautiously to see what the premium does if we get another leg down.
Open Trade ES
9:30 9:30 reversal moves down and bounces at 2283…
9:35 Long ES 2283, as wave stays above zero and bars stay blue….stop at 2281
9:40 ES moves to 2288, stop moved to 2286
10:00 ES moves to Center PP, at just under 2289..stop moved to 2287
10:00 ES moves to 2290, stop moved to 2288
10:05 exit trade at 2290, as the ES stalls and wave turns red…
gain 7 points
250/point
#postearnings #tastytradefollow AGN FEB 17…
#postearnings #tastytradefollow
AGN FEB 17 IC 217.50/227.50/245/255 for 1.94
GILD #FallingKnife Sold $GILD Aug…
GILD #FallingKnife
Sold $GILD Aug 18 55 puts @ 1.32
$UAA – From Tasty Trade this morning
February 8, 2017
Talk about a cool brand falling from grace. It seems like nobody loves Under Armour anymore. First, it’s the anti-hunters hating UAA for sponsoring hunters. Then hunters hate UAA because they caved to anti-hunters and dropped sponsorship of someone who speared a bear. Now it’s the market hating on UAA because their numbers didn’t match the “rah rah!” forecasts of its CEO. The stock dropped 30% last week on disappointing earnings. Me? I buy their t-shirts when they’re on sale. T-shirts don’t last long on the Preston ranch, and I don’t mind being unpopular. And to be unpopular with the market would be to take a bullish stance on UAA. If you think UAA isn’t down for the count quite yet, and that the stock might not drop much more, the short 19.5 put in the March weeklies with 30 DTE is a bullish strategy that has a 75% prob of expiring worthless, creates just over $1.00 in daily theta, and has a .30% theta return on capital.
SPX Chart and VIX Indicator…
SPX Chart and VIX Indicator have been updated
Futures
#futures My accounts were just approved to trade futures. I’ll start paper trading the /ES and /YM and learn from @fibwizard, @fuzzballl, @vxxkelly and everyone else before I put real money on the line.
#no fills-couldn’t get filled on…
#no fills-couldn’t get filled on DIS, AKAM and ALK, even re-did them a couple times-oh well
Futures Chart
I am not a good teacher, so bear with me..The chart has the lines tool I spoke of earlier..and my pivots displayed..
The method used is to measure the opening YM candle, and draw the green/red lines for open range…
that allows the 2 gold lines, for expected open move and 9:30 reversal support to be drawn…as well as the the 3 extended target lines above , or below..
open:
opening candle opens 15-20 points..end to end
Lines are drawn
YM then moves 30-50 points (20040-20070 today )
exit the trade at a target line or pivot bounce
9:30 reversal
The futures indexes will almost always reverse at 9:30am..
if the reversal stops at the Gold Line, YM has a good chance to continue back up to a higher target
if, like today, it breaks down below the gold line for 30 mins or so, and then tries to move up..it will usually top out at the previous target, and then sell off the target line , back into the open range area..like this mornings -57 point move..
The 9:30 reversal/continue/sell off will usually go until 11:00, when dead time for lunch takes over…take your lunch break
11:00am – 12:30/1pm Dead time..
AfterNoon Session
12:30/1pm after lunch, traders come back and make a small push up/down, usally good for 20 -40 points most days..after which it slides sideways into the 2pm pro hour..I dont play the 2pm – 3pm pro hour..I am a beginner, learning to trust my system..I make my 40-60 points between the open and lunch zone..
The above is what I was taught in the Futures class I took..its one of many trade methods..I like it because it works consistantly, and its easy to learn..I am good at trading fib lines and PP levels..this method does the same..for a futures trade..
Income
Most of us here trade for income..be it selling options, or futures..Futures is by no means easy..I am getting better at it..I set easy to reach goals by which I can live by the below..
1. set your exits and entries…ahead of time
2. do not hesitate to enter or exit..never 2nd guess your discipline or stops
3. wait for the moves and lines and validate with the indicators..when in doubt, get out..
My Plan goals for the YM;
40 points daily..
5 contracts per trade
20 point stops
risk = 500.00 ( 25/point x 20 points )
40 points daily = 1000.00 weekly/4000 monthly
Today I made 70..it doesnt seem to be a terrificly difficult goal..the more I learn, hopefully the better I’ll get…
Sorry this went really long…Chart is below…
regards, Wizard
$SVXY #Contango ETFs Filled right…
$SVXY #Contango ETFs Filled right at the close. Sold March 03rd 100 Put @ 1.50 when SVXY was at 120.46.
$UVXY
BTC Feb 17 $60 calls @ $.01, sold for $1.00
#Earnings AKAM
#Earnings
$AKAM STO 2/10 65 put @.75
Company has beaten estimates 8 of 11 past quarters. I hope it didn’t hurt too much.
SIG #FallingKnife Adding a ladder…
SIG #FallingKnife
Adding a ladder rung to my July 55 puts:
Sold $SIG Apr 21 60 puts @ 1.20.
YM After Lunch Trade
#futures
12:15 Entered YM Long at 20000, as it bounced off the Target-3 line , stop at 19980
12:20 YM above the 20010, stop moved to 19990
12:35 Stop moved to BE at 20000, as wave crosses zero to the upside
1:25 Exit trade at 20010, for 10 points…
gain @ 10 points..
my day is over, trade-wise..for 70 points today…
#futures YM STO @20047.00 YM…
#futures
YM STO @20047.00
YM BTC @20028.00
SOLD UVXY 10 MAR 17…
SOLD UVXY 10 MAR 17 50 CALL @.43
YM 10am Trade
#futures
10:15 Short YM at 20050, as TTM_Squeeze triggered to the downside, stop at 20070
10:20 YM moves thru 20040, stop moved to 20060
10:25 YM moves thru 20030, stop moved to 20050, trade at BE
10:30 Exit trade as YM bounces off the S1 Pivot..
Gain @ 30 points
SPX Trades
$SPX BTC 2/13 2090/2190 BUPS @ .30 95% profit
$SPX STO 3/17 2090/2190 BUPS @ 4.60 Thanks @fibwizard for your tutelage
IBB
#ShortStrangles – Cleaning up the straggler of an old strangle…
Bought to Close IBB FEB 17 2017 260.0 Put @ .13 (sold for 2.40)
SPX trades
#SPXcampaign Bought to close $SPX Feb 16th 2165/2140 put spreads for .20. Sold for 1.30 on Jan 20th.
Sold to Open $SPX March 10th 2360/2385 call spreads for 1.45, with SPX at 2298.
ALK earnings
#Earnings Taking a bullish position as airlines have been performing well and chart is bullish.
STO $ALK Feb 17th 95/90 put spreads for 1.80. Max risk 3.20.
$DUST #ShortCalls – Bought to…
$DUST #ShortCalls – Bought to close DUST (ns) Mar 17 2017 12 Calls @ 0.05. This was an old pre-split position and won’t trade any lower.
Sold these last year over many months between July and early October at an average of 1.50
AAPL
STO March 17, 130 puts @2.20
CMG
STO January 275 put @6.20 on 1 contract.
NVDA
BTC Feb. 10, 95 puts @0.05, sold @1.05
LH
STO August 105 puts @1.20
