#bucs
$NIO BTO 4/29 23/30 BUCS at 1.90. Chinese EV Company.
#bups
$FB STO 4/14 210/220 BUPS at .92
Tag Archives: BuCS
O TQQQ Put Close / LVS Call Roll / SQ BUPS Close / SNOW BUCS Close
#shortputs
$O BTC 10/15 70 put at .10. STO at .83
$TQQQ BTC 10/22 110 put at .19. STO at 2.00
#syntheticcoveredcalls
$LVS BTC 10/15 40 call and STO 10/22 41 call at added credit of .39. Stock at 40.39
#bups
$SQ BTC 10/15 230/240 BUPS at .10. STO at 3.20
#bucs
$SNOW STC 10/15 325/335 BUCS at $7.00. BTO at 3.90
UPST BUCS Close / GS BUPS Partial Close / SNAP Put Roll / SOXL TQQQ Put Close
#bucs
$UPST STC 7/16 105/115 BUCS at 9.49. BTO at 5.58
#bups
$GS BTC 7/16 350/360 BUPS at .80. STO at 2.82
#shortputs
$SNAP BTC 7/16 65 put and STO 7/23 63 put at added credit of $1.00. Will be out prior to earnings on 7/22
$SOXL BTC 7/16 37 put at .20. STO at 2.80. Thank you @fuzzballl
$TQQQ BTC 7/30 75 put at .20. STO at 1.20. Thank you @jsd501
NNDM MRVL Puts Close / NNDM BUCS Close / FSLY Put Roll
#shortputs
$NNDM BTC 2/19 15 put at 1.10. STO at 2.85.
$MRVL BTC 2/19 51 put at .52. STO at 1.46.
$FSLY BTC 2/19 85 put and STO 2/26 84 put at added credit of .95 and gain $1 if assigned
#bucs
$NNDM STC 2/19 7.5/12.5 BUCS at 6.40. BTO at 1.45
WIX Puts Close / AMZN BUCS Close
#shortputs
$WIX BTC 2/19 270 put at .20. STO at 6.40 0n 2/10.
#bucs
$AMZN STC 2/19 3280/3500 BUCS at 44.00 BTO at 84. Glad for todays jump and taking no chances.
$AMZN STC 2/19 3205/3225 at 19.25 BTO at 9.46
NNDM BUCS Close / NNDM Put Roll / JETS Calls / BFLY Put Roll
#bucs
$NNDM STC 2/19 7.50/12.50 BUCS at 4.93. BTO at 1.64 on 12/22
#shortputs
$NNDM BTC 2/19 17.50 put and STO 3/19 17.50 put at added credit of 2.12
$BFLY BTC 2/19 20 put and STO 3/19 25 put at debit of .20. Stock at 22.85. Original put purchased under SPAC $LGVW
#longcalls
$JETS BTO 1/21/2022 20 calls at 6.40 Expecting a great draft pick. 😉
NFLX BUPS Partial Closure / ONEM BUCS Partial Closure / TQQQ NET Puts Closed
#bups
$NFLX BTC 2/19 515/530 BUPS at 2.81. STO at 5.85
#bucs
$ONEM STC 2/19 45/55 BUCS at 8.00. BTO at 2.65 Thank you @jsd501
#shortputs
$TQQQ BTC 2/19 55 put at .10. Thank you @fuzzballl
$NET BTC 2/19 70 put at .60.
NNDM BUCS / NVTA Covered Call / $SNOW put closed / VXX TSLA Put Roll / BIDU PENN Call Roll / FSLR Put
#bucs
$NNDM BTO 1/15/2021 7.5/10 BUCS at .90
#coveredcalls
$NVTA STO 1/15/2021 55 call at 1.85
$BIDU BTC 12/24 200 call and STO 1/8/2021 210 call at added credit of 1.20. Stock at 193.08.
$PENN BTC 12/31 80 call and STO 1/8/2021 91 call at debit of 5.10. Would gain $11 if called away. Stock at 92.72
#shortputs
$SNOW BTC 12/24 275 put at .20. STO at 2.50 Thank you @fuzzballl for rolling these downhill
$VXX BTC 12/24 21 put and STO 12/31 20.50 at even but lowered strike .50
$FSLR STO 12/24 92.50 put at 2.32
$TSLA BTC 12/31 450 put and STO 1/15/2021 450 put at added credit of 3.21 Thank you @fuzzballl
EXAS BUCS Closed / NVDA Put Closed / MRVL TSCO Puts Rolled
$EXAS STC 1/15/21 90/100 BUCS at 9.50. BTO 1/14/2020 at 4.80. Patience young Jedi.
$NVDA BTC 12/18 450 put at .40. STO at 4.10. Thank you @fuzzballl and @jsd501
$MRVL BTC 12/4 44 put and STO 12/11 44 put at added credit of .65
$TSCO BTC 12/11 141 put and STO 12/18 140 put at a debit of .40. Would gain $1 if assigned.
MA BUCS Closed
$MA STC 10/16 330/350 BUCS at credit of 11.50. BTO at 8.46. Waited too long to close.
PYPL BUCS PENN Calls Closed
#bucs
$PYPL BTO 10/23 200/210 BUCS at 4.08. Earnings 10/28
#coveredcalls
$PENN BTC 10/16 78 calls at .10. STO at 3.62
TQQQ Put Closed / DHI BUCS Closed / TQQQ Calls Rolled / SPX 1 DTE Expire
#shortputs
$TQQQ BTC 9/18 30 put at .15. STO at 2.15 on 5/6. Thank you TQQQ King @jsd501
#bucs
$DHI STC 8/2155/65 BUCS at 8.60. BTO at 4.64
#longleaps
$TQQQ BTC 1/15/2021 67 calls and STO 1/15/2021 90 calls. Took in16.50 in profit.
#spx1dte #optionsexpiration
$SPX 3145/3165/3310/3330 Sold for 1.05
XLV BUCS Closed
#bucs
$XLV STC 6/19 95/105 BUCS at 5.05. BTO at $6.00 on 5/11
VRTX BUCS Closed / MSFT BUPS Closed / TQQQ Calls / CODX Put Closed
#bucs
$VRTX STC 6/19 270/300 BUCS at 12.81. BTO at 14.60 on 5/12. Was badly underwater last week.
#bups
$MSFT BTC 6/19 165/175 BUPS at .40. STO at 1.10 on 6/8.
#coveredcalls
$TQQQ STO 6/26 110 call at .50. Sold against $67 LEAPS
#shortputs
$CODX BTC 6/19 16 put at .30. STO 5/26 at 2.14
NVDA ROKU BUPS DDOG Closed / CRM BUCS Closed / ROKU Puts
#bups
$NVDA BTC 6/19 340/350 BUPS at .70. STO 5/22 at 3.65
$ROKU BTC 6/19 110/115 BUPS at .80. STO 5/8 at 1.52
$DDOG BTC 6/19 70/75 BUPS at .10. STO 5/22 at 2.50
#bucs
$CRM STC 6/19 170/180 BUCS at 8.58. BTO 5/11 at 5.20
#shortputs
$ROKU STO 6/26 110 at 2.48 Thank you @fuzzball
$ROKU STO 7/2 108 at 3.15 Ditto Monsieur @fuzzball
NVDA BUPS and BUCS
SVXY BUCS
UVXY VIX Partial Closed
#longcalls
$UVXY STC 3/20 35 call at 2.40 BTO at .30 Thank you @jeff
#bucs
$VIX STC 3/18 17/22 BUCS at 4.10 BTO 1/10 at .81 Thank you @fuzzball
#bups
$VIX BTC 3/18 13/15 BUPS at .04 STO 1/10 at .89 Thank you @fuzzball
RH BUCS Closed / LK NEO Puts / OKTA Calls / NUGT Call Rolled
#bucs
$RH STC 1/17 210/230 at 17.00. BTO for 7.80 on 12/31
#shortputs
$LK STO 1/24 46 put at 1.16
$NEO STO 2/21 30 put at .80
#coveredcalls
$OKTA STO 1/24 131 call at 1.40
$NUGT BTC 1/17 33 call and STO 1/31 33.50 call for 1.10 added credit
TNDM BUCS Closed
#bucs
$TNDM STC 1/17 60/79 BUCS at 8.50. BTO at 3.16 on 12/18. Remaining position closed. Earlier sale at 6.50.
NFLX TWTR Calls ROKU BUPS ANET BUCS Closed / EXAS BUCS / LABU AMZN Calls Rolled
#longcalls
$NFLX STC 1/17 310 calls at 31.30. BTO at 17.85 on 11/22
$TWTR STC 1/17 30 calls at 3.20. BTO at 1.69 on 11/21 Thank you @jsd501
#bups
$ROKU BTC 1/17 120/130 BUPS at .60. STO on 12/13 at 3.20
#bucs
$ANET STC 1/17 210/220 BUCS at 4.50. BTO on 12/16 for 1.59
#bucs
$EXAS BTO 3/20/2020 90/100 BUCS at 4.23
#coveredcalls
$LABU BTC 1/17 55 call and STO 1/24 57 call at .60 debit. Stock now at 59.26
$AMZN BTC 1/17 1980 call and STO 1/24 1950 call at 2.78 credit
ROKU Covered Call / MRVL EXAS LK GSX T Puts / EXAS Leap BUCS / Roll ZM ROKU Calls
#coveredcalls
$ROKU STO 1/17 137 call at 2.50
#shortputs
$MRVL STO 1/31 27 put at .50
$EXAS STO 3/20 82.50 put at 3.60. Thank you @jsd501
$LK STO 1/17 44.50 put at 1.10
$GSX STO 2/21 25 put at 3.00
$T STO 1/31 37.5 put at .55
#leaps #bucs
$EXAS BTO 90/100 BUCS at 4.80.
#coveredcalls
$ZM BTC 1/17 70 call and STO 1/31 75 call at 2.20 debit. Stock at 73.30
$ROKU BTC 1/17 152.50 call and STO 1/24 150 call at .98 added credit. Stock at 132.13
MELI BUCS Closed / TNDM BUCS Part Closed / EXAS Calls Rolled / SAVE Puts Rolled
#bucs
$MELI STC 1/17 605/620 BUCS at 14.50. BTO at 6.55 on 12/27. Thank you @jsd501. Great analysis.
$TNDM STC 1/17 60/79 BUCS at 6.50. BTO at 3.16 on 12/18.
#coveredcalls
$EXAS BTC 1/17 102 call and STO 1/31 105 call at .30 added credit. The stock dropped over 14 points today. Talk about pyrrhic victories.
#shortputs
$SAVE BTC 1/17 40 put and STO 2/21 40 put at added 1.40 credit.
AMZN BUCS Closed
#BUCS
$AMZN STC 1/17/ 1820/1860 BUCS at 35. BTO 11/27 at 18.54. Late Christmas present. Held it longer than prudent.
BA BUCS
#bucs
$BA BTO 2/21 340/360 BUCS at 7.43. Zero hedge has vague rumors of Buffet accumulating stock. A more solid thesis I could not find.
AMD Puts Closed / AMZN BUCS Closed
#shortputs
$AMD BTC 1/17 40 put at .10 STO at 1.32. Thank you @ramie77
#bucs
$AMZN Partial STC 1/17 1820/1860 BUCS at 30.00. BTO at 18.54 on 11/27
RH BUCS
#bucs
$RH BTO 1/17/2020 210/230 BUCS at 7.80. Joining S&P Midcap 400 index.
ROKU BUPS Closed / KSS Earnings Strangle Closed / FB BUCS W/Put Kicker Closed / PLAN CC Rolled
#bups
$ROKU BTC 12/20 120/130 BUPS at.35. STO 11/14 at 2.50.
#earnings
$KSS BTC the put side of the 12/20 50/65 strangle at .15. The call will expire. STO the strangle on 11/18 for 1.65.
Thanks to @jeffcp66 the “Data Provider” , @thomberg1201 the “Trade Provider” and patience. Did I mention luck?
#bucs #shortputs
$FB STC 12/20 200/210 BUCS at 3.66. BTO 11/18 at 3.21. Also sold 12/20 190 put to pay part of trade. It should expire.
Thank you @jsd501 for this well thought out transaction. Of course if I had shown more patience I would have picked up another $1 a mere 30 minutes after I closed the spread. Ah, timing!!
#coveredcalls
$PLAN BTC 12/20 55 call and STO 1/17/2020 57.50 covered call at added .83 credit. Stock at 53.07.
Somehow I feel a little guilty for typing put kicker – don’t know why.
TNDM BUCS / LK Puts Rolled / OKTA Covered Call
#bucs
$TNDM BTO 1/17/2020 60/70 BUCS at 3.15
#shortputs
$LK BTC 12/20 31 put and STO 12/27 30.50 put at .27 added credit. Stock at 30.56.
#coveredcalls
$OKTA STO 12/20 117 calls at .70
HIIQ Call Rolled / AMZN BUCS Partial Close
#coveredcalls
$HIIQ BTC 12/20 21 call and STO 1/17 25 call at added .30 credit. Stock at 22.
#bucs
$AMZN BTC 12/20 1760/1800 BUCS at 24.00. BTO on 12/9 for 15.98.
LK Put Rolled / NUGT Call Closed / LULU MCD LRCX Spreads Closed
#shortputs
$LK BTC 12/13 31.50 put and STO 12/20 31 put at additional .15.
#coveredcalls
$NUGT BTC 31 call at .10. STO at 1.26
#bups #becs #bucs
$LULU BTC 12/20 185/195 BUPS at .30. STO on 11/11 for 2.60. Symmetry$ STO 11/11 BTC 12/12
$LULU BTC 12/20 235/240 BECS at .30. STO on 11/16 for 1.20.
$MCD BTC 12/20 185/190 BUPS at .20. STO on 11/1 for 1.25.
$LRCX STC 12/20 285/295 BUCS at 2.50. BTO on 10/30 for 3.40.
ULTA GOOGL BUCS BUPS Closed / NUGT CHWY Puts Rolled / IBM NFLX BUPS
#bucs
$GOOGL STC 10/18 1230/1240 BUCS at 8.49. BTO at 5.32 on 9/24
$ULTA STC 10/18 230/250 BUCS at 16.50. BTO at 9.45 on 9/24
#bups
$GOOGL BTC 10/18 1200/1210 BUPS at .20. STO at 3.30 on 9/18
#shortputs
$NUGT BTC 10/18 31 put and STO 11/1 30 put at added .35 credit.
$CHWY BTC 10/18 28 put and STO 11/1 28 put at added .23 credit.
#bups
$NFLX STO 11/15 265/275 BUPS at 1.60. Thank you @ramie
$IBM STO 11/15 130/135 BUPS at 2.25
$SPX 1DTE Expired / OLLI BUCS and BUPS and Put Closed / Rolled TQQQ / STNE Put Closed / NUGT PLAN Rolled / EXAS Covered Call
#optionsexpiration #spxcampaign
$SPX 2865/2890 BUPS STO 9/10 at 1.35
$SPX 2960/2985 BUPS STO 9/12 at 2.85 Thank you @jeff
By Golly $OLLI All were opened after earnings release which dropped the stock.
$OLLI STC 9/20 55/60 BUCS on 9/10 for 4.50. BTO 8/29 at 2.97
$OLLI BTC 9/20 55/60 BUPS on 9/16 for .20/ STO 8/19 at 2.03
$OLLI BTC 9/20 55 puts at .05 on 9/12. STO 8/29 at 1.35
Have not been posting lately. A little out of sorts. Hope to be back soon.
#syntheticstock
$TQQQ Rolled 9/20 65 calls to 10/4 68 calls at even. Gain three points if called away. These sold against 66.67 LEAPS. Collected 68% of call cost so far.
$STNE BTC 9/20 30 put at .05/ STO 8/19 at 1.00. Thank you @fuzzy
$NUGT Rolled 9/20 35 put to 9/27 34 put at .37 debit.
$PLAN Rolled 9/20 50 put to 10/18 for added 1.10 credit. Thanks @honkhonk81 for original idea.
#coveredcalls
$EXAS STO 9/20 109 calls at 1.05
UVXY
BTC $UVXY 9/20/2019 45/55 #BuCS @0.05.
OLLI Another Fine Mess I am Getting Into?
SPX
Rolled 8/23/2019 $SPX 2935/2945 #BuCS for 8/30 same strikes +@0.60. Jumped too soon, but wasn’t sure where things were going this morning, and didn’t want to be caught ITM. Have been kicking this can down the road for a while. $2.00 basis after today’s roll, and mark closed at $1.075. Could/should have waited until after lunch, and then just let it expire.
Sold today & Expiring $SPX 8/23/2019 2880/2895 #BuCS @1.10.
Hoping for a quiet news weekend and some recovery next week. Not holding my breath though.
LABU CC / TWLO BUCS Closed / DELL Put Closed / AMZN BUPS
#coveredcalls
$LABU STO 7/19 49 call at .75
#bucs
$TWLO STC 7/19 130/140 BUCS at 9.50. BTO at 5.20 on 6/5.
#shortputs
$DELL BTC 7/19 62.5 put at 7.80. STO on 6/13 for 9.40. Stock at 55.01. Not sure how I got out.
#bups
$AMZN STO 7/19 1980/1990 BUPS at 2.20. Will this be a Prime deal?
ISRG Bull Call / SPX CAmpaign / NFLX Roll
#bucs
$ISRG BTO 7/19 525/535 BUCS at 4.92
#spxcampaign
$SPX 6/24 2890/2910-2985/3000 condors expired. Sold for.70 Thank you @jeffcp66
$SPX BTC 6/262985/3010 call side closed at 1.20. STO at .40. Leaving the put to expire.
#coveredcalls
$NFLX BTC 7/5 365 call and STO 7/19 375 call at added $4.10 credit. Earnings 7/17 so watching closely. Stock closed at 371.04
FB AMZN ISRG FB Spreads Closed / SPX Campaign / LABU Covered Call
#bups
$AMZN BTC 6/21 1750/1740 at .15. STO at 2.15.
$AMZN BTC 6/21 1815/1765 at 1.80. STO at 11.50 Thank you @ramie77
$FB BTC 6/21 180/190 BUPS at 4.50. STO at 2.60
#bucs
$ISRG STC 6/21 480/500 at 17.20. BTO at 10.00
#spxcampaign
$SPX STO 6/26 2795/2770/2960/2985 IC at 2.80
#coveredcalls
$LABU STO 6/28 48 call at 1.70
Eaely Closings BABA EHTH
#earnings
$BABA BTC 6/21 200/145 strangle at .60 STO at 1.80. Thank you @thomberg1201
#bucs
$EHTH STC 6/21 60/70 BUCS at 8.50 BTO at 4.50 on 5/24
Rolling NFLX Calls / Close Early OKTA
#coveredcalls
$NFLX BTC 4/26 382.5 calls and STO 5/3 385 calls for $2.00 added credit. Stock at 382.40
#bucs
$OKTA STC 5/17 75/90 BUCS at 13.50. BTO on 1/25 for 6.42. Thank you @jsd501 for your spot on analysis.
Rolling BA GOOS Calls / Close T Puts EHTH BUCS BIIB BUPS / Early Assignment BA Put
#longleapss
$BA BTC 4/18 420 call and STO 4/26 390 call at 3.40 credit. These are sold against 1/2020 380 call
#shortcalls
$GOOS BTC 4/12 49 call and STO 4/26 51 call at even. Hope I am not cooking my own you know what.
#shortputs
$T BTC 4/18 31 puts at .05. STO at 1.60 on 1/24. Thank you @jeffcp66
#bucs
$EHTH STC 4/18 55/65 BUCS at 9.30. BTO 3/18 at 4.32
#bups
$BIIB BTC 4/18 215/225 BUPS at .20 STO on 3/27 on a drug test disappointment at 2.65
$BA Had a 400/410 BUPS STO for 2.00 410 assigned today and I just exercised the 400 for the net 8.00 loss
Expirations AMZN SPX / Closed Early AMZN / ROKU BUPS / Roll TQQQ
#optionsexpiration
#bullputspreads
$AMZN STO 2/1 1605/1610 BUPS at .50 Expired same day. Thank you @honkhonk81 and jojo mojo
#spx1dte
$SPX 2630/2650/2765/2745
Closed Early
$AMZN BTC 2/1 1590/1600 BUPS as part of earnings IC at .20 Made 85% of max. Stock started to look soft in late afternoon and I did not want to be correct, I just wanted a profit. Thank you @jeffcp66 BECS expired!
#bucs
$ROKU BTO 3/15 40/50 BUCS at 4.80. Earnings Feb 21st
#rollup
$TQQQ BTC 2/1 46 call and STO 2/15 48.50 call at .15 credit. Sold against leap.
12/20
I have 28 orders today, so I’ll sort through highlights. Also there were orders yesterday that I didn’t recap so if you were tracking a particular position and it disappeared don’t hesitate to ask.
1. My best trade of the day was scalping TSLA based on #UOA. I caught a big Jan 345 opening order for 3820 contracts so I quick bought a #BUCS and some shares and netted $1440 before going flat.
2. RCL needed a little #defense on a #BUPS, break even not yet breached, which is the best time for defense. I have on a Jan 123/120 credit spread x 10, so I butterflied it by selling more 123 and buying 126, x 4. By doing it early I only need 4 contracts to do the following: 1. cut long deltas in half (from 142 to 72), 2. move BE from 122.27 to 121.68, 3. raise max loss from $2,227 to $1,678, 4. Increase max profit
3. Bought NTNX shares at 35.25 and 34.75, I have 800 shares now
4. FAS Fuzzy roll to next week
5. MSFT #ShortPut scalps for this week the 85’s and 85.5’s, flat now for $370
6. MU new #Fuzzy Apr 46/46/41 with Dec 29 47 short calls
7. Caught some LOW UOA…when a fund buys expensive calls at an underlying high it’s a powerful trade, so followed along buying some Jan 92 calls at 1.52.
8. CELG rolled Fuzzy calls to next week
Fuzzies that still need managed this week: DWDP, JPM,
12/11 Trades
Looks like it was a quiet day for a lot of people here.
1. May I please call these “Fuzzy” trades? I love them and I’m doing a lot of them (#SyntheticStock Diagonals w/ protection and hedge income—From now on known as #Fuzzies. To me, the Fuzzies have two stages, stage one is recovering the net debit of the trade; Stage 2 is recovery of the spread risk. I spent time this weekend looking at and scoring candidates. The “score” is basically the number of weeks of hedge income that it takes to accomplish Stage 1. The fewer the number of weeks, the lower the score. I’m looking for Fuzzies with a score of less than 5, less than 4 even better. I have a picture in my head of having a portfolio of 10 Fuzzies, each with $10 spread risk, bringing in 10-15K a week in income. So I’m testing these aggressively.
I have a TOS scan for finding high-return covered calls and puts, and it turns out it’s a good scan for finding Fuzzy candidates with low scores. Here’s the scan http://tos.mx/vKzR27
So back to Trade #1: CELG. I happened to catch a big bullish fund order for a Jan risk reversal, so a CELG #Fuzzy was my first trade of the day: Mar 110c/-110p/+100p, Dec 15 110 c. Net debit: 1.38 with a “Score” of approx 2.38 (2.38 weeks to cover the core debit)
2. Oh…here’s a nod to @hcgdavis for the Alpha Shark indicator. Got it. Love it. So scalped a bunch of /NQ today while taking it for a test run. Ended up +$305 on small-lot scalps. Enough to pay for the indicator 🙂
3. NTES. Now this was a franken-trade. It started as one 10-lot #butterfly. As it dropped added another 10-lot butterfly. Last week added a 3rd 10-lot butterfly. Was finally able to close it all out today for a $157 loss. Believe me, I’m happy with that!
4. #Bitties Closed! SPX x 20 lot, NDX x 10 lot. Got 50% target on all of them. The SPX bitties were 7DTE, so was happy to close them asap given the gamma risk. Net profit $1150.
5. Reset 17DTE SPX #Bitties. The Dec 27 2630/2625 for .85 cr x 20
6. NTNX I’ve been holding 703 shares, took 603 off for about $950 profit. Some day they’ll be acquired so I’ll always keep a hundred on. Great stock for swing trading, so will load back up on any dip. My max size position is 3000 shares, but I never seem to get the opp to add that many on.
7. QQQ #JadeLizard closed for 50% profit, this week’s expiration
8. SPY 266/267 #BuCS closed for 90% profit. This was bought based on #UOA (unusual option activity). SPY trades massive volume in fund flow, obviously—but it’s almost all put hedges. Every once in awhile a big bullish trade hits the tape, and those are ones for my attention.
9. NUE Closed a BuCS for 50% profit, this is another one that was bought on #UOA
10. NUE Opened a #Fuzzy Apr 60/60/50 for 1.87 core debit, Dec 15 62 call short for .56, Score is 3.3. There was a lot of bullish option flow on this today….all the way up to the 70 call line.
11 NUE spec trade based on #UOA bought 100 Jan 70 calls for .16, just looking for .21 as my target
12 MU #EarningsRunUp added two more calls to the trade from last week. Looking for 30% profit on these and must close before earnings announcement.
13 AMC #UOA There was unusual activity on AMC right before the other cinema merger happened last week. Turns out AMC confirms they’ve been approached too, regarding investment options. I’m glad I sold a few puts when I saw the fund flow. Netted 50%, $370.00 on a 10-lot
14. MSFT I like to layer on a lot of different MSFT trades. I love what they’re doing with Azure. However I saw a lot of January put buying today on MSFT, so I cut a trade short (#BuCS) for 28% profit vs. the 50% I was looking for. I still have on a MSFT #Butterfly that I’m watching closely. 80/85/90 for Feb.
15. ALGN This is the last of my trades from the tech crash. I defended it resulting in half what the max loss would have been. All closed now for $1150 loss. Classic case of thinking it would come back. Could have been handled better, but could have been handled much worse. I wouldn’t mind resetting with a #bitty or #PutRatioSpread the problem is that it’s just really thin. The Market Makers are not the worst I’ve dealt with (ISRG, KORS, ULTA are worse) but it’s still a struggle.
16. TWTR Opened a #Fuzzy in a 401K. I again saw some large bullish fund flow on TWTR and it had a good score. Mar 22/22/18 core for .78, sold Dec 22.5 call for .46, score is roughly 2. Not sure how this one will work out, but I’m still developing the perfect candidate profile for the Fuzzies.
@fuzzballl I hope you are ok being the namesake on these trades. It’s cute!
Opening trades:
:
SPX: #rocketmanhedge thank you @fuzzballl Feb +2635 put, -2635c, +2640c for 40.15 net, -Dec 2605p for $5.40, Basis = 34.62.
COT: Last month there was a day with 4 large block trades totaling over 4 million in shares. It sparked a lot of call activity. I’ve been waiting for closer to 13f releases for Dec to see if call activity picks up again, it sure did today, so I have a little spec play on for COT for next week. 17.5 calls for .34
MAR: #JadeLizard for next week Dec -126p/-130c/+132 c for 1.21 net cr, 50% target
TJX: Added #BECS to #BUPS to convert to iron fly for defense
Closing Trades:
BA #Bitty Closed at 50% target, sold at .50, bought at .25
TTWO #BUCS Bought 2.65 sold 3.10 net .45/contract
FB #shortputs covered for 50% Sold at 1.10, covered at .55
NVDA #JadeLizard from last week is beginning to cover for 50% Sold 185/205/207.5 for 3.62, cover order is partially filled at 1.62
Debit Spread on the $SPX
#BuCS at the end. BTO May 3rd SPX 2415/2435 for $2.00
I’ll risk $1.00 on this trade, which possibly could make $18 if the SPX ends up at 2435 by May 3.
I don’t plan on holding it that long though. I may get out if tomorrow the market jumps again and it doubles in price. Low Probability big reward low risk trade.
#BuPS BTO Apr 28 BA…
#BuCS
BTO Apr 28 BA 185/187.5 Calls for $0.54 debit.
This is a bullish position playing towards earnings. Earnings Apr 26.
BA is on a squeeze on the daily chart. Going towards earnings it should move up. My max risk is $54 pp. and this is a 2:1 trade.
Sorry guys; I’m so used to sell credit spreads that I had a lapsus linguae on this one.
Options Bistro 