#ShortPuts #IRA – I’d take a shot down there…
Sold EWZ DEC 21 2018 30.0 Puts @ 1.69
Tag Archives: IRA
JNJ
#ShortPuts #IRA – Thanks @Iceman !
Sold JNJ NOV 16 2018 115.0 Put @ 3.05
LABU
#ShortPuts #IRA – Kinda risky but great premiums. It has had one reverse split back during the late 2015 meltdown. Other than that a pretty good performer. I’ll take a shot in an #IRA that has no other biotech exposure. Thanks @hcgdavis for reminding me of this one.
Sold LABU SEP 21 2018 60 Put @ 4.70
Sold LABU SEP 21 2018 55 Put @ 3.50
Sold LABU DEC 21 2018 50 Put @ 4.70
Sold LABU DEC 21 2018 45 Put @ 3.50
NOC
#LongCalls #LEAPS -Since it’s in an #IRA I’m paying the dime to get the next sale going. Getting the weekend and stock looks a little weak since Rocket Man is now a fine upstanding citizen.
Bought to Close NOC MAY 11 2018 330.0 Calls @ .10 (sold for 2.70)
Sold NOC MAY 18 2018 330.0 Calls @ 2.30
CELG
#CoveredCalls – Small position in an #IRA. Basis now 94.20 so scratching out a couple bucks while waiting for some sign of life.
Bought to Close CELG MAY 18 2018 95.0 Calls @ .04 (sold for 1.42)
Sold CELG JUN 22 2018 94.0 Calls @ .48
TNA
#LongCalls #LEAPS – In an #IRA so have to close before I can sell the following week. Paying a couple extra pennies to get next week going sooner.
Bought to Close TNA MAY 4 2018 72.0 Calls @ .08 (sold for 1.23)
Sold TNA MAY 11 2018 69.5 Calls @ 1.05
URI
#ShortPuts #IRA – This one was pretty stress free on the last dip. Going in again here…
Sold URI JAN 18 2019 110.0 Put @ 3.50
Sold URI JAN 18 2019 100.0 Put @ 2.30
CELG
#CoveredCalls #IRA – Assigned some shares at a 95.65 basis. Looking to unload them for any profit.
Sold CELG MAY 18 2018 95.0 Calls @ 1.42
TQQQ
#ShortPuts #IRA – Taking a little off the table…
Bought to Close TQQQ MAY 18 2018 80.0 Put @ .12 (sold for 2.00)
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…
UVXY call spreads
On a day like today many of us would normally be throwing out offers on high strike calls on UVXY. I’m going to likely stop (or severely curtail) the naked call selling on this in favor of call spreads that would necessarily have to be quite a bit closer to the money. Just sold this one:
$UVXY Apr 13 18/28 BeCS @ 1.21
BIIB
#ShortPuts #SyntheticStock – Looking to back into a #SyntheticStock position. Since it’s in an #IRA also bought some junky puts for margin. All done in the week before earnings…
Sold 1 BIIB APR 20 2018 260.0 Put @ 2.80
Sold 1 BIIB APR 20 2018 255.0 Put @ 2.10
Sold 1 BIIB APR 20 2018 250.0 Put @ 1.60
Bought 3 BIIB APR 20 2018 220.0 Puts @ .40
Net premium received of 5.30 (1.76 average)
XBI
#ShortPuts #IRA – Out all afternoon…just noticed this one.
Bought to Close XBI MAR 16 2018 83.00 PUT @ .05 (sold for 2.60)
XBI
#IRA – Missed one yesterday…
Bought to Close XBI MAR 16 2018 80.00 PUT @ .05 (sold for 1.68)
MGM
#LongCalls – Not going synthetic on this one. Requires less margin in an #IRA to just buy the calls. Max loss is quite a bit less but it is slightly more cash up front.
Bought MGM JAN 18 2019 35.0 Calls @ 3.90
45 weeks to run so need 8.5 cents per week to cover. Stock is entering a daily squeeze and looking potentially bullish…(wild guess there…LOL)
Haven’t sold the hedge yet…order in for next week’s 35.5 strike.
$SVXY #ShortPuts #IRA – extending…
$SVXY #ShortPuts #IRA – extending an existing #OptionLadder
Sold 1 SVXY MAR 16 2018 60.0 Put @ 1.50
Sold 1 SVXY MAR 23 2018 60.0 Put @ 2.05
UVXY
#IRA – Sold UVXY JUN 15 2018 25.0/35.0 Bear Call Spreads @ .80
$UVXY #CoveredCalls #Rollup – Bought…
$UVXY #CoveredCalls #Rollup – Bought to close UVXY Feb 2 2018 13.0 Calls/Sold UVXY Feb 9 2018 15.0 Calls @ 0.47 Credit in an #IRA account.
Bumped the strike 2 points for only a one week roll
JEFFS Amazing Multi Legged AMZN Earnings Trades
SVXY
#IRA – Rolling out and down to the next available rung in the ladder…
Rolled SVXY FEB 2 2018 120.0 Put to SVXY MAR 9 2018 115.0 Put @ 5.25 credit (7.55 total premium now)
WYNN
#ShortPuts #IRA – Sold WYNN JAN 18 2019 100.0 Put @ 2.45
MAT
#SyntheticStock – Earnings next week. If we get a little run up to a flat delta I’ll book it before. Keeping the sale tight and since it’s in an #IRA I have to close before I can re-sell.
Bought to Close MAT JAN 26 2018 17.5 Calls @ .05 (sold for .27)
Sold MAT FEB 2 2018 17.5 Calls @ .85
TXN
#ShortPuts #IRA – Missed this one earlier…
Sold TXN APR 20 2018 105.0 Put @ 3.00
SVXY
#SyntheticStock #IRA – Posted the details last week with all the nuts and bolts. Adding 1 for fun…
Bought Jan 2019 SVXY 135/135/132.5 Synthetic Stock / Disaster Put @ 38.35
About 80 cents a week to cover worse case scenario…
Sold SVXY FEB 2 2018 138.0 Call @ 1.80
UVXY
#BearCallSpreads #IRA – Closing some more that are using a lot of margin without much profit left to make.
Bought to Close UVXY JAN 18 2019 45.0/55.0 Bear Call Spreads @ .33 (sold for 1.32)
Bought to Close UVXY JAN 18 2019 60.0/75.0 Bear Call Spreads @ .32 (sold for 1.73)
GWW
#IRA – Filled on another small one. Risk reduction…former #FallingKnife trade.
Bought to Close GWW APR 20 2018 160.0 Put @ .90 (sold for 3.80)
DGX IBM NVDA T TAP
#ShortPuts #IRA – Cleaning up some of the most profitable positions that I feel aren’t worth holding for months to get the last few dollars. Lots of dry powder now…
Bought to Close DGX MAY 18 2018 85.0 PUT @ .85 (sold for 3.20)
Bought to Close IBM APR 20 2018 140.0 PUT @ 1.04 (sold for 4.30)
Bought to Close NVDA JUN 15 2018 140.0 Put @ 1.27 (sold for 4.00)
Bought to Close T APR 20 18 35.0 PUTS @ .85 (sold for 1.47)
Bought to Close TAP APR 20 2018 70.0 PUT @ .32 (sold for 1.53)
Bought to Close TAP APR 20 2018 75.0 PUT @ .80 (sold for 2.64)
SVXY
#ShortPuts #IRA – Adding one more…
Sold SVXY MAR 16 2018 90.0 Put @ 3.50
SVXY
#ShortPuts #IRA – Adding one more…
Sold SVXY FEB 23 2018 105.0 Put @ 3.09
SVXY
#IRA – Sold SVXY FEB 16 2018 110.0 Put @ 3.00
MGM
#SyntheticStock #IRA – Nicely profitable and overall delta almost to zero so time to bail out. I’d maybe hang around a little longer but the size was a little bigger than I’m used to so walking away.
Closed synthetic stock and weekly calls @ 1.62 net credit.
Weekly premium sold added up to 1.60
Total credit of 3.22 with trade entry of 1.42 so net gain of 1.80
EWZ
#SyntheticStock #IRA – Up near resistance now so instead of rolling I’m booking the winner and waiting for a better entry…
Sold Jan 2019 40/40/35 Synthetic Stock @ 5.69
Bought to Close EWZ JAN 19 2018 40.0 Calls @ 3.25
Weekly premium sold of 1.85 plus closing credit of 2.44 for a total credit of 4.29. Trade entry of 3.00 so nice net gain of 1.29 in spite of my weekly sale getting blown through…
REGN
#ShortPuts -Throwing this out there in an #IRA ….
Sold REGN APR 20 2018 300.0 Put @ 3.20
XBI
#ShortPuts -Throwing these out there in an #IRA ….
Sold XBI MAR 16 2018 83.0 Put @ 2.60
Sold XBI MAR 16 2018 80.0 Put @ 1.68
Sold XBI JUN 15 2018 75.0 Put @ 2.13
DGX GIS NVDA
#IRA #ShortPuts – Freeing up some margin in the IRA. With earnings season cranking up hopefully get a chance for some more #FallingKnife trades…
Bought to Close DGX May 18 2018 80.0 Put .52 (sold for 2.20)
Bought to Close GIS Apr 20 2018 47.5 Puts @ .25 (sold for 1.62)
Bought to Close NVDA MAR 16 2018 150.0 Put @ .41 (sold for 3.69)
WDC
#ShortPuts #IRA – Going back into this one…
Sold WDC APR 20 2018 75.0 Put @ 2.80
Sold WDC APR 20 2018 72.5 Put @ 2.10
Sold WDC APR 20 2018 70.0 Put @ 1.55
SVXY
#IRA #ShortPuts – Just in case things get crazy first part of next year I’m booking some winners and getting ready to re-load. This is a small IRA that I use for SVXY only so overall these are nice gains on a smaller account.
Bought to Close SVXY JAN 19 2018 75.0 Put @ .62 (sold for 2.80)
Bought to Close SVXY FEB 16 2018 60.0 Put @ .98 (sold for 2.88)
Bought to Close SVXY MAR 16 2018 60.0 Put @ 1.68 (sold for 3.40)
TAP
#ShortPuts – Booking my highest strikes in an #IRA …
Bought to Close TAP Jan 19 2018 77.5 Put @ .30 (sold for 2.05)
Bought to Close TAP Jan 19 2018 75.0 Put @ .15 (sold for 1.42)
DISH and REGN
#IRA – Trimming some risk in an IRA and freeing up a ton of margin. Booking a few that I’m either not happy with or have made a high percentage of max. More to come later…
Bought to Close DISH MAR 16 2018 42.5 Put @ 1.30 (sold for 1.50)
Bought to Close REGN Jan 19 2018 350.0 Put @ 1.80 (sold for 5.90)
$SVXY #ShortPuts #IRA – Got…
$SVXY #ShortPuts #IRA – Got a few off before SVXY bounced again
Sold SVXY Jan 19 2018 60.0 Puts @ 0.55
Sold SVXY Jan 26 2018 60.0 Puts @ 0.68
SVXY
#ShortPuts #IRA – Cue up the chicken! I may look crazy closing some of these but there’s a couple reasons I do it. It all goes back to a golf tournament a couple years ago. Had sketchy cell phone service and late for Thursday tee time. Glanced at my phone and managed to see a short REGN call worth a dime prior to the open. Blew it off and an hour later up on a hill got service back and the thing was worth over 10 dollars after massive opening rally. No more for Fuzzy…
And trying to stay within my self imposed strict margin limits…
Bought to Close SVXY DEC 15 2017 90.0 Put @ .04 (sold for 2.46)
NVDA
#SyntheticStock #IRA – Trying to be careful here but it’s very possible this thing could be at 300 in a week after my sale. 🙂 Dan over at OMM just put on a Jan monthly 200/220 BeCS so I’m using his short strike but bringing it in a couple weeks. This particular trade only needs 42 cents a week to insure breakeven.
Bought to Close NVDA DEC 15 2017 197.5 Calls @ .14 (sold for 1.50)
Sold NVDA JAN 5 2018 200.0 Calls @ 1.57
MGM
#SyntheticStock #IRA – Didn’t want to do this yet but ex-dividend today and ITM so taking it out a couple weeks to be safe. Should be the last one today…
Rolled MGM DEC 15 2017 32.0 Calls to DEC 29 2017 32.0 Calls @ .22 credit
NVDA
#SyntheticStock – In an #IRA so can’t double sell. Need to close then open.
Bought to Close NVDA DEC 8 2017 195.0 Calls @ .03 (sold for only .48 since it was just 2 days.)
Sold NVDA DEC 15 2017 197.5 Calls @ 1.50
BIDU
#SyntheticStock #IRA – Weekly sale not quite going to expire today…
Rolled BIDU DEC 8 2017 235.0 Calls to DEC 15 2017 240.0 Calls @ .40 credit (4.85 accumulated premium on this one)
HSIC
#ShortPuts #IRA – Already dealing with UAA so keeping this one on a short leash with the AMZN rumor today. One contract small loss and moving on. I’d re-post the chicken if it wasn’t so big!
Bought to Close HSIC Apr 20 2018 60.0 Put @ 1.95 (sold for 1.75)
#SyntheticStock BTC EWZ Dec08’17 41…
BTC EWZ Dec08’17 41 calls for 0.07, Sold last week for 0.32, waiting to sell for next week.
Rolled DIS Dec08’17 103 call to Jan05’18 104 call for 0.35 credit. Still short a Dec29’17 101 call.
Getting some stuff done early, the boss will be peering over my shoulder next 2 days.
NVDA
#ShortPuts #IRA – Adding another one….
Sold NVDA MAR 16 2018 150.0 Put @ 3.69
UVXY
SVXY
#ShortPuts #VXXGame #IRA – Out most of the morning but luckily caught some of the dip. Was able to re-sell a few that were closed earlier this week. 🙂
Sold SVXY DEC 15 2017 90.0 Put @ 2.46
Sold SVXY JAN 19 2018 75.0 Put @ 2.80
Sold SVXY MAR 16 2018 60.0 Put @ 3.40
VRX
#SyntheticStock #IRA – Rolling for a small debit. Picking up another .45 of upside and keeping the expiry prior to next earnings…
Rolled VRX DEC 1 2017 15.0 Calls to JAN 12 2018 15.5 Calls @ .05 debit
EWZ
#SyntheticStock #IRA – More selling…
Bought to Close EWZ DEC 8 2017 41.0 Calls @ .12 (sold for .55)
Sold EWZ DEC 15 2017 39.5 Calls @ .72
$DUST #Covered Calls #Rollup #IRA…
$DUST #ShortPuts – Bought to…
$DUST #ShortPuts – Bought to close DUST Jan 19 2018 15.0 Puts @ 0.05. Closed out 2 months early.
Originally sold in Mar at 3.10 and added to at 3.60.
A pretty nice gain in an #IRA.
NVDA
In an #IRA – Sold NVDA JUN 15 2018 140.0 Put @ 4.00
SVXY
#ShortPuts – Trimming a little more in an #IRA. Looking for new entries now with this account at 98 percent cash.
Bought to Close SVXY DEC 15 2017 70.0 Put @ .35 (sold for 2.65)
Bought to Close SVXY JAN 19 2018 60.0 Put @ .94 (sold for 3.00)
UVXY
These are all in an #IRA so freeing up a lot of margin. They were all just bonus spreads in addition to the 2019 positions so booking them. Still short a bunch of Jan 2019 spreads. Rocketman may give another chance to get back in these.
Bought to Close UVXY MAR 16 2018 20.0/30.0 Bear Call Spreads @ .96 (sold for 1.56)
Bought to Close UVXY MAR 16 2018 40.0/50.0 Bear Call Spreads @ .32 (sold for 1.58)
Bought to Close UVXY JUN 15 2018 25.0/35.0 Bear Call Spreads @ .84 (sold for 1.21)
Bought to Close UVXY JUN 15 2018 45.0/60.0 Bear Call Spreads @ .58 (sold for 1.70)
$UAA #CoveredCalls #IRA – Sold…
$UAA #CoveredCalls #IRA – Sold UAA Dec 1 2017 14.0 Calls @ 0.06 with the stock at 13.40.
Taking what I can get. These expire Friday.
EWZ
#SyntheticStock #IRA – Rolling front month up and out a little…picking up another 1.10 of upside.
Rolled EWZ NOV 24 2017 40.0 Calls to DEC 8 2017 41.0 Calls @ .10 credit.
BIDU Whiz style
#SyntheticStock -Been waiting for some sort of a pullback to get in this long term Whiz style (although he prefers the #LongCallDiagonals for some reason).
Sold BIDU JAN 17 2020 250.0 Puts @ 42.47
Bought BIDU JAN 17 2020 250.0 Calls @ 49.41
Adding a tight disaster put. If it implodes I’ll roll this down and re-invest the profits back into more longs.
Bought BIDU JAN 17 2020 240.0 Puts @ 37.17
This gives a net debit of 44.11 for the Jan 2020 position. Add the 10 point max downside and get a max loss possibility of 54.11. Based on that, and the 112 weeks remaining in the trade I only need to average about 48 cents per week in sales to cover the absolute worst case scenario. And…BIDU has great weekly premium.
So:
Sold BIDU DEC 1 2017 250.0 Calls @ 1.95
SVXY
#IRA – Sold 1 SVXY FEB 16 2018 60.0 Put @ 2.88
NVDA earnings
NVDA earnings
SVXY
#ShortPuts #IRA – Bought to Close SVXY NOV 17 2017 80.0 Put @ .25 (sold for 2.50)
UVXY risk reduction
#BearCallSpreads #VXXGame #IRA – Taking a little off here in case tax reform dies and we get a debt ceiling battle towards end of year…
Bought to Close UVXY JAN 19 2018 30.0/40.0 Bear Call Spreads @ .50 (sold for 2.20)
VRX
#LongCallDiagonals #SyntheticStock #IRA -Been waiting for this thing to show some signs of life to get in (again) with a long term Whiz style. 2020’s out so going in with a full position.
Bought to Open VRX JAN 17 2020 15.0 Calls @ 4.20
Sold to Open VRX JAN 17 2020 15.0 Puts @ 4.66
Taking the 46 cent credit from synthetic position applying it to the disaster put…
Bought to Open VRX JAN 17 2020 12.0 Puts @ 2.96
This gives a net debit of only 2.50 for the Jan 2020 position. Add the 3 point max downside and get a max loss possibility of 5.50. Based on that, and the 114 weeks remaining in the trade I only need to average 5.0 cents per week in sales to cover the absolute worst case scenario.
So:
Sold VRX NOV 17 2017 14.5 Calls @ .23
AAPL
#ShortPuts – Not sitting on these for months for a few dollars. Freeing up a lot of margin in the #IRA ….
Bought to Close AAPL JAN 19 2018 140.0 Put @ .30 (sold for 3.83)
Bought to Close AAPL FEB 16 2018 135.0 Put @ .52 (sold for 3.70)
Bought to Close AAPL APR 20 2018 130.0 Put @ .78 (sold for 3.56)
MGM
#SyntheticStock #LongCallDiagonals – Setting up next week. Had to do this as a roll since it’s in an #IRA . Thought I would get filled at .01/.51 but got .04/.54 instead.
Bought to Close MGM NOV 3 2017 31.0 Calls @ .04
Sold MGM NOV 10 2017 31.5 Calls @ .54
#LongCallDiagonals help!
If anyone sees or notices any issues with these #LongCallDiagonals please throw it out there. Maybe we can fine tune for even more safety or profits. I got the idea from Whiz but applying it to my own underlyings. He’s been trading them for years but maybe we can improve on it.
Kinda like my cockpit briefing with the other guy (or gal 🙂 ) …if you see me doing something stupid ask me what the heck I’m doing…LOL I’ve got pretty thick skin!
Options Bistro 