I have once again proven my inability to time the market. Yesterday converted a bunch of ATM and ITM XBI puts on a ladder to #fuzzy to avoid the increasing margin. Of course it was up 2+ points yesterday and another 1.5 today. Will manage as #fuzzy. I had already rolled several times and converted to #jadelizard but was still facing increasing margin requirement.
Cost basis 13.80 on 20 lots and already rolled next week 78 up to Oct 11 80 for 1.07 credit so 10 lots at 12.73 but have until Dec 2021 to manage. These are on the put side. LEAPS at 80 strike, shorts at 78, 79.5, and 80 now.
9/6…BTC OXY 20 SEP 19 45/46/42.5 #jadelizard @.76….STO 8/23 @1.21…Thanks @thomberg1201 for the idea
Sold Sept. 20 #jadelizard for.3.38, 85/93.50/94
Bought Sept. 1370/80 long put spread for 1.20
Aug. 21 sold a #jadelizard for 1.38, bought today for .83
#earnings #closing FIVE
Bought 105/120/121 #jadelizard 1.00, sold yesterday for 2.20.
I was considering a 100/140 strangle yesterday. There wasn’t much liquidity at those strikes and it would now take awhile to close with the big up move. Jade Lizard wins this one.
Thanks to fuzzball for starting me thinking about using these for earnings.
#earnings #jadelizard FIVE
Sold Sept. 20, 105/120/121 for 2.20
#earnings #closing TIF ADSK
bought ADSK, Sept. 20, 125/175 strangle for 1.00, sold yesterday for 2.44
bought TIF, Sept. 20, 75/84/85 #jadelizard .95, sold yesterday for 1.57.
SPLK still refusing to cooperate from earnings the other day grrr
As always, thanks to Jeff for the data that guides the trade decisions.