NVDA

#ShortPuts #IRA – Throw these out there and see what happens…

Sold NVDA SEP 21 2018 175.0 Put @ 4.90
Sold NVDA JAN 18 2019 150.0 Put @ 4.40

REGN

#ShortPuts – Sucking up a lot of buying power in an #IRA. Not going to risk a huge selloff…

Bought to Close REGN APR 20 2018 300.0 Put @ .28 (sold for 3.20)

CELG

#SyntheticStock – In an #IRA so have to cover this week before selling next week.

Bought to Close CELG APR 13 2018 92.0 Calls @ .05 (sold for .50)

Sold CELG APR 20 2018 92.0 Calls @ .70

This more than covers the cost of the core position so working to cover max loss now. Wish I had more time but this was an experimental shorter term out to July.

Also in a different account early assigned on a 100 strike short put. Stock basis 97.80. Will be looking to sell against eventually. Earnings on May 4th before the open.

CRUS

#LongCalls #IRA – Another week in the books selling against Jan 2019 45.0 calls. This particular position was started Feb 28 for 6.90 requiring 15 cents per week to cover. Already recovered 2.55 after today’s sale. The stock has dropped almost from the very beginning but overall showing only a small loss.

At this pace the calls will be completely paid for by the end of May leaving 7 more months of selling that will go straight to the bottom line. I’m not sure how it will work out but it seems like it would be fun to have a bunch of these with the calls completely covered with every sale after that being pure profit. If the stock is way down at the point the calls finally get paid off it would be a trade similar to what Jeff does with UVXY. He buys way OTM LEAP calls and then sells shorter term against those.

After having a mixture of synthetic and long call positions, I’m starting to lean towards just the long calls. Simpler to see exactly where you stand and less slop when trying to finally book the position.

Bought to Close CRUS APR 13 2018 40.5 Calls @ .05

Sold CRUS APR 20 2018 39.5 Calls @ .45

XBI

#SyntheticStock #IRA – Thanks @1strangealien for getting this one back on my radar. I’ll take a shot out in Jan.

Bought to Open XBI JAN 18 2019 88/88/86 Synthetic Stock @ 7.69 (filled better than mid)

Max loss of 9.69 with 42 weeks to run requiring 23 cents per week to cover.

So:

Sold XBI APR 6 2018 89.0 Calls @ .83

TQQQ

#ShortPuts #IRA – Thanks again @jsd501 …..

Sold TQQQ MAY 18 2018 80.0 Put @ 2.00
Sold TQQQ SEP 21 2018 80.0 Put @ 6.50

AMZN

#SyntheticStock – Big change today….finally deciding on booking this after being in it for quite a few months. It’s a margin hog in the #IRA so I’m hoping for better places to put the cash to work on this pullback. It’s been a struggle working the ITM weekly up but finally got an acceptable profit out of it…(nothing like it could’ve been though).

Sold AMZN JUN 21 2019 1350.0/1350.0/910.0 Synthetic
Bought AMZN APR 27 2018 1350.0 Call

Total gain of 61 points…