GILD

Added batch 2 in a different account that had some cash left.
#fuzzy 70 2021/70 8 DTE for 11.33. 113 weeks to hopefully sell against.

Market still whippy. Picked up kids and /NQ down 50+ from the highs.

All I want for Christmas…

All I want for Christmas is a Santa Claus rally 🙂

Adjustments, just doing my best to bring in income to offset the continued chaos.

#supercharger
TQQQ 40/45 BTO for 4.50 sold for 3.75. Trying to keep this account from being wiped out so taking a small loss before it became worse. Going long term with what’s left on a GILD #fuzzy.

#fuzzy
GILD 2021 67.5/69 next week for 11.92. Have 113 weeks to manage.
EXPE 125/125/126 rolled the 1 DTE 126 out to 15 DTE for 1.00. CB now 13.88 and as above 113 weeks left.
XBI 2020 80/85 15 DTE rolled down to 80 at 43 DTE for 1.91 credit CB now 14.63. 61 weeks left to manage.

#pietrades
LNG 63 cc tomorrow rolled out 43 DTE and down to 61 for 1.97 credit. Cb now 59.27.

Bizarrely MU is up, go figure?!
As @kathycon said below, market is defying all patterns and seasonality this year, not quite and exact quote but close. Does the VIX need to spike to 50 before the selling is done? Who knows, trade smart, preserve capital, there will be big opportunities soon enough.

If the whippy settles down later my try some directional trades before the day is over.

Good luck, stay safe!

EXPE rolled the 126 puts…

EXPE rolled the 126 puts that expire today out 15 days for 1.85. Cb now 13.03 and have brought in $4750 in premium in 4 weeks on a 10 lot #fuzzy and still have 805 days left.

This is a good one for #pietrades but if they go wring converting to a #fuzzy also seems to work.

Hope everyone else has a good expiration and weekend 🙂

Light Thurs trade day

Yesterday rolled EOG 115/120 #fuzzy out to 36 DTE for 0.51 credit. Cb now 7.66

Today XBI #fuzzy 80/90 rolled down to 85 and out to 29 DTE for 0.49 credit. Cb 16.54 now

#pietrades LNG lot 2 CC 66 rolled down to 63 and 15 DTE for 1.15 credit. Cb now 61.24. Hoping it will assign so I can restart #pietrades on this account.

Have some expiring tomorrow but with the volatility they are holding on to their premium. EXPE 125/126 short puts on a #fuzzy are sitting ATM and still traing for 0.90 and 1.90. With 10 contracts want to capture a lot more of that decay before I roll.

The hedges worked well, the uptick certainly helps but finally starting to take some profits out of the 12k of premium I had sold over the last 3-4 weeks. Another week or 2 and all that premium should find it’s way to my accounts as long as we don’t implode again.

Once VIX settles down will put the SPX hedges back on. New personal rule, anytime VIX is 12.5 or under will keep SPX hedge on. Maybe 1-2 times a year have a winning lottery ticket. This year would have paid out twice, Feb and now!

WDC

More like a falling hindenberg than a falling knife. Actually at this level not a bad dividend. I am working on rolling the #fuzzy down but don’t have time to update at the moment.

Hope everyone has a good weekend.

#rolling and recovery Scalped a…

#rolling and recovery

Scalped a few more trades on /NQ and gave back my gains. But learned that 15 min and 30 minute chart is probably ideal for scalping. 1 and 5 minute too much chop. I will be adding some more directional trades and using my tools.

#fuzzy
XBI 80/97 rolled to 80/90 for 0.49 credit. Cb 17.84
LNG 50/66.5 rolled to 22 DTE 65 for 0.49 credit. Cb 17.84
XBI lot 1,2,3 closed for losses totaling 620. With only until Jan 2019 and hardly any cash in this account did not think it was worth trying to recover and losing more.

#pietrades
LNG Lot 1 66 cc rolled down to 65 and 43 DTE for 0.83 credit. Cb 60.99
LNG lot 2 66 cc rolled the same for 0.9 credit. cb 61.00

#supercharger all I had left for in this tiny IRA.
QQQ 22 DTE 150/155 for 4.53. Will have to manage if we drop more.

What are you guys doing?!…

What are you guys doing?! I go mt bike for 2 hours and the market is melting down again.

#rolling and adjusting. Everything hedged so not too bad on paper, still waiting for a ton of short options to decay but the volatility is keeping the prices up. Good for when I can roll.

/CL I had a stop loss on the strangle and it must have triggered early in the morning when oil was down 2. Lost $750 as it closed at 0.87. Re-entered 57 DTE strangle but went wider, delta 4s and sold the 55/86 strangle at 0.28.

LNG lot 1 66 cc rolled out 22 DTE for 1.25. Cb now 61.28
LNG lot 2 66 CC rolled out 22 DTE for 1.24 credit. Cb 62.39

#fuzzy
XBI 87/95 2019 LEAP rolled out to 43 DTE for 0.28 credit. Cb now 4.05.

Sitting on my hands for another 1-3 weeks, then big expirations which should free up a lot of cash. Hopefully things stay on sale:)

Hope everyone is doing well and making some $ on the volatility.