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,
Options Bistro 