Hi Everyone! I’ve got a little rolling activity here:
BA: First this was a #DoubleUndie from Jun 14. In two accounts I had to close the 2×1 put ratios due to the extrinsic on the short puts running out of gas. This brought a profit of about $2900. Then I rolled my Jun 22 365 and 372 calls to July 6 365 calls, and added extra calls to convert the trade from an Undie to a #Diagonal . I netted $2742 on the Jun 22 calls. My net credit accrual on BA = 73% of the losses (I rechecked my math, was way better than I thought). So there is damage control to be done. One of my longs is Aug, one is Sep….so lots of rolling opps here. I have the spirit on this one to fight it out 🙂 I’ve got good starting baseline numbers, so I’ll always know where I am in recovery of losses.
SPY: Rolled some #Saf-T trade calls from Jun 20 to Jun 27. Netted $737 on the rolls. The Jun 20 calls were pretty cheap due to divs last week and lowered premium. I rolled from 278 to 277 for .71 on the new 277’s. BTW, all the Saf-T puts are up huge…they be doing their job.
Coming into the week I had $17,917 in short call premium (Jun 22 exp)….it’s helping, but it’s quite an ugly day here.
MCD: Rolled Jun 22 calls to Jun 29, collected $444 on the jun 22 170’s and rolled to 167.5 @.94 and added qty 2. This converts Undie to #Diagonal.
NFLX: Converted #Fundie to #DoubleFundie using this strong day to cut risk. Added a Jul 13/Jun 29 2×1 put ratio. Before add on max risk: $4000; after add max risk: $1110. Nice profit opp still in the trade, $800-$1200 on small continued upside. Downside BE shifted to $386. Jul 13 397.5 p x2 @14.05, Jun 29 390 p x -1 @7.05.
NFLX: Closed full position for $789 net profit
LMT: I guess the senate blocked their delivery of jets to Turkey. Did a partial roll of calls (qty 4 in 2 accts) from Jun 22 to Jun 29 rolled from 317 to 315. Netted $1208 on the Jun 22. Sold Jun 29 for only .68. Still have 2 calls at a diff strike to roll this week.