Options Expiration 7/20/18

#OptionsExpiration #Earnings #ContangoETFs
— Expiring w/max profit —
$COF 93.5 puts, sold yesterday for 1.40
$GUSH 48 call, sold for 1.05 last month
$ISRG 520/525 call spread, sold yesterday for 2.75 (wish I’d waited on both!)
$NFLX 475 call, sold Monday for 1.00
$SNA 145 puts, sold Wednesday

— Assignments —
$MU 54 and 54.5 #CoveredCalls #PieTrades Originally assigned via 55 puts, after a few weeks of call sales, exiting with cost basis around 51.
$SNA 170 calls, going short the stock. No weekly options on this so I think it will be quicker to get out on a dip next week.

#condorroll, #spxcampaign

SPX roll

#SPXcampaign Can’t shake these SPX spreads before I leave. Doubling size and rolling to the same expiration on this one:

Stopped $SPX July 27th 2825/2850 call spreads for 6.50
Sold July 27th 2750/2775/2860/2885 #CondorRoll for 3.40, double position size.

SPX trades

#SPXcampaign Closed $SPX July 20th 2685/2660 put spreads for .25. Sold in a #CondorRoll last week. The call side was stopped earlier this week. Rolled half of that into a put spread on Tuesday, and now the second half into this:

#Rolling. Sold $SPX July 25th 2830/2855 call spreads for 4.35.

So I’m presuming we will stall or pullback from here. We’ll see if I’m wrong next week!

SPX roll

#SPXcampaign Monday I closed $SPX July 20th 2810/2835 call spreads for 4.20, which was the call side of a #CondorRoll from the week before. Much of the reason I have mostly paused selling spreads is that the call side has never been more difficult to manage that it has this year.

Today I rolled half of it into puts: Sold SPX July 25th 2750/2725 put spreads for 4.50.

SPX calls stopped

#SPXcampaign Stopped $SPX July 13th 2765/2790 call spreads for 8.55. Sold Monday for 3.65.
Since I have a total of one other position in SPX, I have the margin to roll this not a double sized spread. I’m looking at a July 20th condor for 4.30 or more.


CELG saga continues…

#LongCalls #CondorRoll – Of course I was a day early on my CELG sale for next week…LOL. Stock has started out strong today and looks to finally be heading back up (for now). I’ve been lucky so far selling just above this base but figured it would pop out eventually. For safety, I’m rolling the short call spread out a couple weeks to a skewed narrower iron condor. Playing it slightly bullish. I’m now in the expiration month of my long calls so we’ll wait and see where this ends.

To mange it I can roll the untested side (short only probably) for extra premium.

Bought to Close CELG JUL 6 2018 79.5/84.0 Bear Call Spreads @ .94

Sold CELG JUL 20 2018 74.0/77.0/83.0/86.0 Iron Condors @ 1.03

Originally sold the BeCS @ .37 so with the roll credit the condor is worth .46

SPX trades

Closed on GTC order: $SPX June 15th 2720/2695 put spreads for .25. Sold in a #CondorRoll for 6.70 on June 5th… call side was previously stopped.

Sold $SPX July 13th 2685/2660 put spreads for 1.60.