#callbutterfly TSLA #shortstrangles XLE
TSLA Bought a July 17, 980/1000/1000/1020 call butterfly for 1.17
XLE Sold 34/45 strangle for 1.92 #tastytradefollow
Tag Archives: CallButterfly
TSLA call butterfly
#Earnings A cheap long shot: Bought to open $TSLA Jan 31st 592.5/600/607.5 #CallButterfly for .281 (avg price).
JPM closed
#Earnings Sold to close $JPM Jan 17th 138 calls for .40 (large accounts), and 38/40 call spreads for .35 (smaller accounts). #CallButterfly bought for .33 on Monday, so all about breakeven after commissions.
JPM butterfly
#Earnings Bought to open $JPM Jan 17th 38/40/42 #CallButterfly for .33. Needs to land near 140 on Friday for best profit. Open Interest at that strike are large, and it’s a +2.3% move from now, which is a reasonable expectation…. if we get a bullish move.
#earnings NFLX #tastytradefollow #callbutterfly Sold…
#earnings NFLX
#tastytradefollow #callbutterfly
Sold Oct. 18, 300/310/310/325 for 1.25
#tastytradefollow QCOM OXY AMZN Plagiarizing…
#tastytradefollow QCOM OXY AMZN
Plagiarizing Sept. 20 expirations all 3.
QCOM #jadelizard 69/79/80 for 1.07
OXY #jadelizard 42.50/45/46 for 1.38
AMZN #callbutterfly 1925/1940/1940/1970 for .88
#callbutterfly CMG tastyTrade idea sold…
#callbutterfly CMG
tastyTrade idea sold April 18, 715/725/725/745 for 1.00 (but 1, 715, sell 2, 725s, buy 1 745), CMG hovering around 700.
#earnings #callbutterfly WDC Sold (technically…
Sold (technically bought) a Feb. 15 39/40/40/42 call butterfly for .35. This is profitable if WDC goes down. WDC hasn’t been kind to #fallingknife traders as it was a little over 100 almost a year ago, now about 40. I have 100 assigned shares at a cost basis of 68, and have a short April 55 put that has been rolled a couple times. The call butterfly will ease the pain a little if it goes down.
Thanks for the info Jeff.
AMZN
The big thing I’ll be watching today is AMZN, since I have an ITM naked put on it. Last Friday watching it pin 1600 was a beautiful thing. There is adequate OI on the 1600 line today to support a move back up there again. If I’m going to keep playing AMZN it’s got to be done more safely, with one of our stock replacement structures. If I do take assignment, I’ve designed a “#SharkFinHedge ” that has a max loss of about 1/3 of my next call sale to provide about another $10 downside along w/ the new call sale for next week. Here’s what the hedge looks like: May 25 1565/1555/1550 broken wing put butterfly for about $2.00 debit. Keeping these tight with DTE means they move more quickly with underlying price movement. I also will sell calls near the close in advance of assignment. Stay tuned!
#callbutterfly CMG Tastytrade idea, near…
#callbutterfly CMG
Tastytrade idea, near the close yesterday, sold May 18, 430/435/435/445 for .21, profitable below 440
AMZN call butterfly
This is an idea from John Carter at simplertrading.com. He bought it yesterday (a 10-lot), I’m getting a slightly better price today (for a 1-lot). Risking $275 for max gain of $2200-ish. Idea is that price will gravitate toward 1600 for the monthly expiration.
Bought to Open $AMZN May 18th 1575/1600/1625 call butterfly for 2.75.
Options Expiration 2/2/18
#OptionsExpiration #Earnings #IronButterly #ShortStrangles #SPXcampaign #CallButterfly
— Expired w/max profit —
$AAPL 177.5 call
$AMZN 1325/1660 strangle
$AMZN 1300/1675 strangle
$EA 110 puts
$FB 175 put
— Expired w/full loss —
$SPX long 2865/2885 call spreads (sad; this closed over 9.00 last Friday… but zero today)
$MCD 177.5/180/182.5 call butterflys
$AMD 12.5/13/13.5 iron butterfly (I lost $10)
— #Assignment —
$AAPL 175 puts, taking stock
$BABA 200 puts, taking stock
$VRTX 167.5 put, taking stock (I closed one put for .60, but forgot to close the other before the bell)
MCD earnings
#Earnings #CallButterfly Beautiful trend and decent fundamental. Playing for the trend to continue and to end the week near 180.
Bought to open $MCD Feb 2nd 177.5/180/182.5 call butterflys for .40. Max risk: .40. Max gain: 2.10. Breakevens: 177.90 and 182.10.
Biggest UP move: 9.4%, Biggest DOWN move: -7.7%, Average move: +/- 3.2%. Upside bias: +1.3%
Options Expiration 10/20/17
#OptionsExpiration #Earnings #ContangoETFs #VXXGame #LongPutDiagonals
Forgot to post this!
— Expiring w/max profit —
HCA 82.5 #CoveredCalls
NUGT 45 call
SVXY 55 and 68 puts
VXX 50 call
— Expiring w/max loss —
GWW 180/185 #ShortCallSpreads
NFLX 210/220/230 #CallButterfly
NFLX earnings
#Earnings $NFLX seems to be the new kickoff for earnings trades, since the banks last week are pretty dull options-wise. Since it rose so much last week, I’m not finding the greatest premium. I’m thinking of buying a bullish #CallButterfly, 210/220/230 for about 1.25. Low risk for a max 8.75 win, and bullish seems to be the only direction it knows. The other trade is to sell an ATM #IronButterfly 190/200/210 for about 8.15. Similar risk/reward if you think it won’t move much (which was the case last January and April). Here are the FIVE-DAY moves after earnings last 12 quarters:
Mon 07/17/2017 AC 16.59%
Mon 04/17/2017 AC -2.97%
Wed 01/18/2017 AC 3.09%
Mon 10/17/2016 AC 27.75%
Mon 07/18/2016 AC -13.07%
Mon 04/18/2016 AC -11.53%
Tue 01/19/2016 AC -6.64%
Wed 10/14/2015 AC -7.74%
Wed 07/15/2015 AC 12.65%
Wed 04/15/2015 AC 19.33%
Tue 01/20/2015 AC 25.41%
Wed 10/15/2014 AC -19.92%
UAL earnings
#Earnings #CallButterfly $UAL is not a big mover on earnings. There is high Open Interest at the 80 put and call strike. Chart mildly bullish. So this butterfly profits best if we end the week at 80. Max loss is only the cost of the spread, .40. Max gain 1.60.
Bought to Open $UAL July 21st 78/80/82 call butterflys for .40. Biggest UP move: 4.5%, Biggest DOWN move: -4.3%, Average move: 1.6%. Breakevens at 78.40 and 81.60.
Options Expiration 5/12/17
#OptionsExpiration #Earnings #RiskReversal #IronCondors #CallButterfly #SPXcampaign
— Expiring w/Max Profit —
NVDA 95 put
SPX 2375/2350 put spreads
— Expiring w/loss —
JAZZ 155/157.5/160/162.5 iron condors, sold for 1.80, .70 loss
PCLN 1925/1950/1975, and 1975/2000/2025 call butterflys
— Expiring worthless —
SPX risk/reversal: LONG 2410/2430 call spreads, SHORT 2355/2330 put spreads
Options Bistro 