TLT

#LEAPS – Long term short position lottery tickets…

Bought TLT JAN 21 2022 120.0 Puts @ 1.83 average
Sold TLT MAR 13 2020 155.0/145.0 Bull Put Spreads @ .72 (one fifth size)

ROKU Covered Call / MRVL EXAS LK GSX T Puts / EXAS Leap BUCS / Roll ZM ROKU Calls

#coveredcalls
$ROKU STO 1/17 137 call at 2.50

#shortputs
$MRVL STO 1/31 27 put at .50
$EXAS STO 3/20 82.50 put at 3.60. Thank you @jsd501
$LK STO 1/17 44.50 put at 1.10
$GSX STO 2/21 25 put at 3.00
$T STO 1/31 37.5 put at .55

#leaps #bucs
$EXAS BTO 90/100 BUCS at 4.80.

#coveredcalls
$ZM BTC 1/17 70 call and STO 1/31 75 call at 2.20 debit. Stock at 73.30
$ROKU BTC 1/17 152.50 call and STO 1/24 150 call at .98 added credit. Stock at 132.13

UVXY

#LongPuts #LEAPS – Closed the last third of these earlier. Orders in to replace them at lower prices. Decided I’ll trade around these LEAPS for awhile instead of holding them until expiration.

Sold to Close 5 UVXY JAN 15 2021 50.0 Puts @ 28.15 (bought for 22.90 average)

XBI

#LongCalls #LEAPS – Rolling weeklies again…filled late yesterday

Rolled XBI MAY 17 2019 81.0 Calls to JUN 21 2019 84.0 Calls @ .03 debit

WTW

#LongCalls #LEAPS – The incredible becomes “incredibler”. I’ll continue selling 20 -25 cents per week indefinitely. Feels like a member of the family now!

TNA

#LongCalls #LEAPS – Taking advantage of the never ending rise to get out of this at a tiny profit. Went long prior to the implosion but added the full position near the bottom. Ratio’d the call sales on the rise so happy to be out. Will look for a reset if we ever get a pullback.

Bought to Close TNA FEB 22 2019 49.0 Calls
Sold to Close TNA JAN 15 2021 70.0 Calls

WTW

#LongCalls #LEAPS – Just got in and see one fill today…

Bought to Close WTW FEB 22 2019 37.0 Calls @ .05 (sold for .65)

NVDA STX UVXY WTW

#LongCalls #LEAPS #ShortPuts #CoveredCalls – A few odds and ends yesterday. A great week for NVDA and earnings coming next week.

NVDA:
Bought to Close NVDA FEB 08 2019 150.0 Call @ .05 (covered sold for 4.70)
Sold NVDA FEB 15 2019 148.0 Call @ 4.90 (covered)
Bought to Close NVDA FEB 08 2019 145.0 Put @ .05 (sold for 2.51) I’ll sell again before Thur earnings

STX: Rolling picking up another .75 of upside
Rolled STX FEB 08 2019 41.0 Calls to MAR 08 2019 41.5 Calls @ .25 credit

UVXY: Selling diagonals against free March 90 short calls. Not as risky as it looks with ITM short puts helping.
Sold UVXY FEB 22 2019 57.5 Calls @ 1.23

WTW: Selling new positions very carefully as whipsaw risk increases and stock is 74 percent off recent highs. Earnings still a couple weeks away. Sales seem small but are twice what I need so could still become a nice winner eventually.

Bought to Close WTW FEB 15 2019 35.5 Calls @ .05 (sold for .30)
Sold WTW MAR 1 2019 39.0 Calls @ .30

WYNN

Rolled WYNN Feb 15 125 Call to March 15 130 Call for 0.43 credit. This is against my long Jan 2021 125 Call. #leaps.

WTW

#LongCalls #LEAPS – One fill today on a batch of my many over-writes on this one…

Bought to Close WTW FEB 8 2019 36.0 Calls @ .05 (sold for .75)

AMAT LABU SMH SOXL TNA TQQQ URI UVXY XBI

#LongCalls #CoveredCalls #LEAPS #ShortPuts – Been a slow couple weeks with the rally and being busy at work. Pretty much all hands on deck to keep things going with this crazy weather! Rolling some covered calls and ratio’d short calls against LEAPS and booking a couple winners for safety. Haven’t been adding anything new…just working with what I’ve got and trying to streamline things a little and be better about adding anything.

AMAT: Ratio’d and rolling just a week to stay prior to earnings.
Rolled AMAT FEB 1 2019 36.0 Calls to FEB 8 2019 36.0 Calls @ .10 credit

LABU: One contract DITM roll below basis…my least favorite position right now but can roll as long as needed.
Rolled LABU FEB 15 2019 35.0 Call JUN 21 2019 40.0 Call @ .01 credit

SMH: Ratio’d roll. Trying to stay as short term as possible.
Rolled SMH FEB 8 2019 91.0 Calls to FEB 22 2019 91.5 Calls @ .17 credit

SOXL: This was ITM not long ago so booking it. Sell again on next pullback.
Bought to Close SOXL FEB 15 2019 75.0 Put at .55 (sold for 3.50)

TNA: Big rally so rolling ratio’d and covered.
Rolled TNA FEB 8 2019 48.5 Calls to FEB 22 2019 49.0 Calls @ even (LEAPS position)
Rolled TNA FEB 1 2019 50.0 Calls to MAR 15 2019 52.0 Calls @ .20 credit (covered)

TQQQ: Added to LEAPS a few days ago so this is ratio’d now.
Rolled TQQQ FEB 8 2019 40.5 Calls to FEB 22 2019 41.0 Calls @ .06 credit
Rolled TQQQ FEB 15 2019 40.0 Call to MAR 15 2019 41.0 Call @ .20 credit (covered)

URI: Book it!
Bought to Close URI FEB 15 2019 105.0 Put @ .20 (sold for 2.30)

UVXY: Rolling short ratio’d puts down. Long LEAP puts working great. This works as a nice hedge on volatility spikes.
Rolled UVXY FEB 15 2019 70.0 Puts to MAR 15 2019 68.0 Puts @ .10 credit

XBI: Ratio’d roll.
Rolled XBI FEB 1 2019 78.0 Calls to FEB 22 2019 79.0 Calls @ .06 credit.

Obviously if I’d seen the Powell capitulation coming I’d not have sold any covered calls. Rolling working fine but capping upside (but giving a nice hedge also). These are all long term positions so working fine. Ratio’d short calls selling below LEAPS is a must. That way the rolls can be gradual since small to no upside risk.

AAOI LABU MO STX TNA TQQQ UVXY

#CoveredCalls #ShortPuts #LongPuts #LEAPS – Various adjustments…

AAOI: Feels like a family member now…LOL Replacing this week’s expiration
Sold AAOI FEB 15 2019 17.5/22.5 Bear Call Spreads @ .46 (prior to earnings hopefully)

LABU:
Will be assigned stock at 56.60 basis

MO: LEAPS are now unhedged leading into earnings…(for now)
Bought to Close MO JAN 25 2019 50.5 Calls @ .02 (sold for .25)

STX:
Will be assigned a little more stock at 40.20 basis

TNA: Rolling covered calls and assignment
Rolled TNA Jan 18 2019 50.0 Call to Feb 22 2019 52.5 Call @ .01 credit
Will be assigned stock at basis of 62.70, 56.95, and 56.00

TQQQ: Booking covered calls. No new sales yet. (partial fill on this yesterday at .05 Grrrr!)
Bought to Close TQQQ Jan 18 2019 45.0 Calls @.40 (sold for 1.65)
Still watching a short 45.0 strike put. If assigned basis of 42.85

UVXY: Rolling ratio’d short puts down.
Rolled UVXY FEB 1 2019 72.5 Puts to MAR 15 2019 69.0 Puts @ .62 credit

RTN STX TNA TQQQ WYNN

#LongCalls #LEAPS #CoveredCalls – A few fills this morning…

RTN: Seems to be recovering so giving it some room into earnings. May add Bull Put Spreads also…
Bought to Close RTN JAN 18 2019 165.0 Calls @ .05 (sold for .60 as BeCS)
Sold RTN FEB 15 2019 170.0/180.0 Bear Call Spreads @ 1.20

STX: Covered Calls selling new ones in earnings week…
Bought to Close STX Jan 18 2019 40.0 Calls @ .05 (sold for .68)
Sold STX Feb 08 2019 41.0 Calls @ .96

TNA: Looking good now. Went full position on Jan 7th on LEAPS and ratio’d weekly sales…
Rolled TNA JAN 18 2019 47.0 Calls to FEB 8 2019 48.5 Calls @ .05 debit

TQQQ: A roll against LEAPS and a partial close on some covered calls:
Rolled TQQQ JAN 18 2019 39.0 Calls to FEB 8 2019 40.5 Calls @ .23 credit
Bought to Close TQQQ Jan 18 2019 45.0 Call @ .05 (sold for 1.65)

WYNN: Covered calls below basis so still rolling…
Rolled WYNN Jan 18 2019 105.0 Call to Feb 15 2019 110.0 Call @ .05 credit

UVXY

#LongPuts #LEAPS – Looking to sell again on a spike…

Bought to Close UVXY JAN 18 2019 80.0/85.0 Bear Call Spreads @ .05 (sold for 1.17)

WTW

#LongCalls #LEAPS – A little heavy on the weekly sales so booking this one from yesterday just in case in the “extremely outside chance possibility but nearly impossible odds” that the stock actually bounces…

Bought to Close WTW FEB 1 2019 40.0 Calls @ .30 (sold yesterday @ .75)

WYNN

#LongCalls #LEAPS – I’ve got some exposure in one account with covered stock so closing a tiny position in a different account that was just the LEAPS. Gradually getting more streamlined where I can be less active and settle in for the long term on just a few tickers.

Bought to Close WYNN JAN 18 2019 110.0/125.0 Bear Call Spread
Sold to Close WYNN JAN 15 2021 130.0 Calls

All said and done lost .62 on a 2 lot…

WTW

#LongCalls #LEAPS – Another round. Getting quite a bit below my LEAPS so starting to ratio the sales a little…

Bought to Close 5 WTW JAN 18 2019 44.0 Calls @ .05 (sold for .85)

Sold 3 WTW FEB 1 2019 40.0 Calls @ .75

UNG

#LongPuts #LEAPS -I’m a little disappointed in this one. It could’ve been a really good one but nat gas just imploded way faster than I thought was possible and my ratio was a little high on the put sales. On the bright side, between this and BOIL the Nov spike worked out ok.

Bought to Close UNG FEB 15 2019 29.0 Puts
Sold to Close UNG JAN 17 2020 28.0 Puts

All said and done it’s a .50 winner on a 15 lot…

#pietrade

WTW

#LongCalls #LEAPS – Stock could be going to zero 🙂

Bought to Close WTW JAN 11 2019 46.0 Calls @ .05 (sold for .70)

AMAT

#LongCalls #LEAPS – Booking full position double sales and replacing with a tighter 4×10 ratio…

Bought to Close AMAT JAN 11 2019 37.0 Calls @ .05 (sold for .32)
Bought to Close AMAT JAN 18 2019 39.0 Calls @ .07 (sold for .31)

Sold AMAT FEB 1 2019 36.0 Calls @ .65

EWW REGN TNA UVXY WYNN

#LongCalls #LongPuts #LEAPS – Rolling some and booking some….

EWW: Precautionary…
Bought to Close EWW JAN 4 2019 42.5 Calls @ .15 (sold for .36)

REGN: Selling against ITM bull put spreads…
Rolled REGN JAN 4 2019 385.0 Call to FEB 1 2019 405.0 Call @ .09 credit (should be prior to earnings)

TNA: Booking over sales early just in case the rally continues…
Bought to Close TNA JAN 11 2019 50.0 Calls @ .26 (sold for .90)
Bought to Close TNA JAN 11 2019 55.0 Calls @ .03 (sold for .82)

UVXY: Rolling short puts…long puts finally starting to help. Added a couple BeCS also…
Rolled UVXY JAN 4 2019 80.0 Puts to FEB 1 2019 72.5 Puts @ .65 credit
Rolled UVXY JAN 4 2019 81.0 Puts to FEB 15 2019 70.0 Puts @ .26 credit
Sold UVXY JAN 18 2019 80.0/85.0 Bear Call Spreads @ 1.17

WYNN: Booking over sales early just in case the rally continues…
Bought to Close WYNN JAN 11 2019 114.0/124.0 Bear Call Spreads @ .85 (sold for 1.05)

WTW

#LongCalls #LEAPS – 105 down to 37 and I still plan on making money on this…LOL. I sure know how to pick ’em!

Sold WTW JAN 25 2019 43.5 Calls @ .60

RTN WTW WYNN

#LongCalls #LEAPS – Made it in just in time for a couple trades…

RTN:
Bought to Close RTN JAN 4 2019 175.0 Calls @ .04 (sold for .62 as BeCS)
Sold RTN JAN 18 2019 165.0/175.0 Bear Call Spreads @ .60

WTW: Should be before earnings…
Sold WTW JAN 18 2019 44.0 Calls @ .85

WYNN: No new sales…closed some extras
Bought to Close WYNN JAN 4 2019 115.0 Calls @ .05 (sold for 1.55)

Happy New Year!!

BABA and the long LEAPS idea…

#LongCalls #LEAPS – Something I’ve been considering for awhile now that things have dropped so much. Looking at getting into a long term BABA position. Instead of buying LEAPS at the money I’m considering going out of the money further to save a lot of cash up front and then just selling the weeklies more conservatively.

Looking at LEAP strikes in 2021 somewhere in between it’s current range. It’s traded from 130 up to 210 so halfway is about 170. Could even go to 180 and get that for half of what the 130 would cost. On a recovery it will still make good money but not require a whole lot of weekly selling to get the cost back.

No position yet…

more UVXY

#LongPuts #LEAPS – Just to take all risk off for tomorrow on this fairly aggressive position…

Bought to Close UVXY DEC 28 2018 81.0 Puts @ .20 (sold for 3.10 total after multiple roll ups)

UVXY

#LongPuts #LEAPS – Tomorrow’s look pretty safe so adding a starter a couple weeks out to give Mr. Market something to think about…

Sold UVXY JAN 11 2019 75.0 Puts @ 2.00

UVXY

#LongPuts #LEAPS – A small roll up for next week…

Rolled UVXY JAN 4 2019 70.0 Puts to JAN 4 2019 75.0 Puts @ .75 credit

XBI

#LongCalls #LEAPS – Booking a full position and selling a half position.

Bought to Close XBI JAN 4 2019 77.0/82.0 Bear Call Spreads @ .09 (sold for .71)
Sold XBI JAN 18 2019 77.0 Calls @ .76

TQQQ

#LongCalls #LEAPS – Pounded this one pretty hard all the way down. Staying careful now to get out of the way in case of a big rally. Closing more extra sales for profits.

Bought to Close TQQQ JAN 11 2019 43.0 Calls @ .40 (sold for .67)

WTW

#LongCalls #LEAPS – Triple sales on this one so taking some upside risk off even though these were still very safe. Not getting greedy here…

Bought to Close WTW DEC 28 2018 48.5 Calls @ .15 (sold for 1.85)

MO

#LongCalls #LEAPS – Small position in a low priced stock. Need 4 cents per week out to 2021. 🙂 Already recovered 25 percent of the LEAPS cost.

Bought to Close MO DEC 28 2018 53.0 Calls @ .02 (sold for .36)
Sold MO JAN 18 2019 51.0 Calls @ .53 (one week prior to earnings hopefully)

SMH

#LongCalls #LEAPS – More oversales. Taking these off at 50 percent of max…

Bought to Close SMH JAN 11 2019 91.0/96.0 Bear Call Spreads @ .33 (sold for .71)

TNA

#LongCalls #LEAPS – Oversales on these also. Haven’t replaced them (yet)…

Bought to Close TNA JAN 4 2019 55.0 Calls @ .02 (sold for .52 as BeCS)

SMH TQQQ UVXY WYNN

#LongCalls #LongPuts #LEAPS #CoveredCalls – Selling the rip again…

SMH: Double dip next week…
Bought to Close SMH JAN 4 2019 94.0 Calls @ .04 (sold for .55)
Sold SMH JAN 4 2019 86.0 Calls @ .70

TQQQ: Covered…
Sold TQQQ FEB 15 2019 40.0 Call @ 1.70

UVXY: Double and triple dips…
Rolled UVXY DEC 28 2018 75.0 Puts to DEC 28 2018 81.0 Puts @ .90 credit
Rolled UVXY JAN 4 2019 65.0 Puts to JAN 4 2019 75.0 Puts @ 1.13 credit

WYNN: Covered…
Sold WYNN JAN 18 2019 105.0 Call @ 1.80

OLED REGN UVXY

#LongCalls #LongPuts #LEAPS #BearCallSpreads -A couple late fills…

OLED:
Bought to Close OLED DEC 28 2018 105.0 Calls @ .05 (sold for 1.10)

REGN:
Bought to Close REGN DEC 28 2018 385.0 Call @ .10 (sold for 2.20)

UVXY:
Rolled UVXY JAN 4 2019 70.0 Puts to JAN 4 2019 75.0 Puts @ 1.14 credit

RTN

#LongCalls #LEAPS – Not interested in carrying this one to 2021 unless I have to. Selling spreads well OTM shooting for even and then so long RTN! Need .23 per week to get to even…

Bought to Close RTN DEC 28 2018 177.5 Calls @ .02 (sold for .58 as BeCS)
Sold RTN JAN 11 2019 162.5/172.5 Bear Call Spreads @ .69

UNG

#LongPuts #LEAPS -Rolling weeklies down and out. 3×2 ratio against the long puts so working ok…

Rolled UNG JAN 4 2019 31.0 Puts to JAN 18 2019 30.0 Puts @ .01 credit

BOIL UVXY TQQQ

#LongCalls #LongPuts #LEAPS #BearCallSpreads – A few fills at the open…

BOIL:
Bought to Close BOIL MAR 15 2019 50.0/60.0 Bear Call Spreads @ 1.25 (sold for 3.00, 3.25, 4.27)

UVXY:
Bought to Close UVXY DEC 28 2018 65.0 Puts @ .07 (sold for 2.75)
Sold UVXY JAN 4 2019 70.0/60.0 Bull Put Spreads @ 1.00
Rolled UVXY JAN 4 2019 62.5 Puts to JAN 4 2019 70.0 Puts @ .82 credit

TQQQ:
Bought to Close TQQQ JAN 4 2019 47.0 Calls @ .05 (sold for .63 as BeCS)
Sold TQQQ JAN 18 2019 39.0/45.0 Bear Call Spreads @ .70

UVXY

#LongPuts #LEAPS – Quick scalp from the extra sale this morning and an aggressive sale for the short week…

Bought to Close UVXY DEC 28 2018 67.5 Puts @ .25 (sold this morning @ 1.00)

Sold UVXY DEC 28 2018 75.0 Puts @ 1.45

WTW

#LongCalls #LEAPS – Prior sale is over 50 percent green and the one before that is practically worthless. Staying out in time and adding outside the expected move.

Sold WTW JAN 11 2019 46.0 Calls @ .70

UVXY

#LongPuts #LEAPS – Adding back a few for the short week…

Sold UVXY DEC 28 2018 67.5 Puts @ 1.00

WYNN

#LongCalls #LEAPS – Still plugging away with overlapping sales…

Bought to Close WYNN DEC 28 2018 115.0 Calls @ .05 (sold for 1.20 as BeCS)

UVXY

#LongPuts #LEAPS – Got a little heavy in these so booking a little earlier…

Bought to Close UVXY DEC 28 2018 62.5 Puts @ .20 (sold for 1.60)

DG MO REGN SMH SOXL TNA TQQQ UVXY

#LongCalls #LongPuts #LEAPS #CoveredCalls – Managed to get a few more sold this morning. LEAPS are obviously struggling but getting some good basis reduction done on the 2021 positions. UVXY puts paying nicely so will receive the full benefit of those sales when it finally pulls back and the long puts start helping out. Nat gas short helping also…

DG:
Bought to Close DG DEC 21 2018 109.0 Calls @ .05 (sold for .60)
Sold DG JAN 25 2019 110.0 Calls @ .70

MO:
Sold MO JAN 11 2019 52.5 Calls @ .32

REGN:
Sold REGN JAN 4 2019 385.0 Call @ 2.30

SMH:
Sold SMH JAN 11 2019 91.0/96.0 Bear Call Spreads @ .71

SOXL:
Sold SOXL FEB 15 2019 95.0 Calls @ 7.00

TNA:
Bought to Close TNA DEC 21 2018 54.0 Calls @ .04 (sold for .62)
Sold TNA JAN 11 2019 50.0 Calls @ .90

TQQQ:
Bought to Close TQQQ DEC 28 2018 52.0 Calls @ .05 (sold for .72 as BeCS)

UVXY:
Bought to Close UVXY DEC 21 2018 62.5 Puts @ .05 (sold for 1.60)
Bought to Close UVXY DEC 28 2018 60.0 Puts @ .25 (sold for 1.55)
Sold UVXY JAN 4 2019 62.5 Puts @ 1.80
Sold UVXY JAN 4 2019 65.0 Puts @ 1.77

REGN RTN SMH SOXL TNA TQQQ UVXY WTW WYNN XBI

#LongCalls #LongPuts #LEAPS #CoveredCalls – Out most of the afternoon but managed to sell pretty hard into the morning rally. Sell the rip until it quits working…

REGN:
Bought to Close REGN DEC 21 2018 397.5 Call @ .10 (sold for 2.10)
Sold REGN DEC 28 2018 385.0 Call @ 2.20

RTN:
Sold RTN JAN 4 2019 175.0/185.0 Bear Call Spreads @ .62

SMH:
Bought to Close SMH DEC 21 2018 94.5 Calls @ .07 (sold for .58)
Sold SMH JAN 4 2019 94.0 Calls @ .55

SOXL: Covered but didn’t get a chance to sell a new batch…
Bought to Close SOXL DEC 21 2018 100.0 Calls @ .10 (sold for 12.35)

TNA:
Bought to Close TNA DEC 28 2018 60.0/70.0 Bear Call Spreads @ .06 (sold for .91)
Sold TNA JAN 11 2019 55.0 Calls @ .82

TQQQ: Some covered and some against LEAPS…
Bought to Close TQQQ DEC 21 2018 46.0 Calls @ .05 (sold for .82)
Bought to Close TQQQ DEC 21 2018 48.0 Calls @ .05 (sold for 2.05)
Sold TQQQ JAN 4 2019 47.0/52.0 Bear Call Spreads @ .63
Sold TQQQ JAN 4 2019 45.0 Call @ 1.60
Sold TQQQ JAN 18 2019 45.0 Calls @ 1.65

UVXY:
Rolled UVXY DEC 28 2018 57.5 Puts to DEC 28 2018 65.0 Puts @ 1.46 credit
Sold UVXY DEC 28 2018 60.0 Puts @ 1.55
Sold UVXY DEC 28 2018 62.5 Puts @ 1.60

WTW:
Sold WTW JAN 4 2019 46.0 Calls @ 1.00

WYNN: Some covered and some against LEAPS…
Sold WYNN JAN 11 2019 114.0/124.0 Bear Call Spreads @ 1.05
Sold WYNN JAN 11 2019 110.0 Call @ 2.18
Bought to Close WYNN DEC 21 2018 110.0 Call @ .05 (sold for 3.25)

XBI:
Bought to Close XBI DEC 28 2018 81.5 Calls @ .02 (sold for .40)
Bought to Close XBI DEC 28 2018 82.5 Calls @ .01 (sold for .51)
Sold XBI JAN 4 2019 77.0/82.0 Bear Call Spreads @ .71)

MO

#LongCalls #LEAPS – A cheap one I took for fun where the weekly sales got in trouble almost immediately. Rolled them way out and up. Finally getting a chance for a reset. Out to 2021 only needing .04 per week…

Bought to Close MO MAR 15 2019 57.5 Calls @ .74 (sold for .72)
Sold MO DEC 28 2018 53.0 Calls @ .36

AMAT DG EWW OLED TNA UVXY WYNN

#LongCalls #LongPuts #LEAPS – Taking a shot with some additional sales with stops on previous weeks that are profitable. I may get stopped out of a few of those if the market reacts positively to the Fed….but Gubment shutdown still looming….(insert OMG scary face world is ending emoji here…LOL!).

AMAT:
Sold AMAT JAN 11 2019 37.0/42.0 Bear Call Spreads @ .32

DG:
Sold DG JAN 11 2019 109.0 Calls @ .92

EWW:
Bought to Close EWW DEC 28 2018 43.0 Calls @ .05 (sold for .40)
Sold EWW JAN 11 2019 42.0 Calls @ .38

OLED:
Sold OLED JAN 4 2019 110.0 Calls @ 1.15

TNA: Added to LEAPS and new sales…
Bought to Open TNA JAN 15 2021 70.0 Calls @ 7.00
Sold TNA JAN 4 2019 55.0/60.0 Bear Call Spreads @ .52

UVXY:
Rolled UVXY DEC 28 2018 52.5 Puts to UVXY DEC 28 2018 57.5 Puts @ .56 credit

WYNN:
Sold WYNN JAN 4 2019 115.0 Calls @ 1.55

A near record setting week of premium selling last week and this week is shaping up nicely. Let’s see where the bounce goes…

DUST

#LongPuts #LEAPS – Turned out to be a good short but feel like I’ve got about all I can get for now. Gold pushing up against resistance and DUST back near it’s original starting point prior to the run up so booking it.

Entered the trade on the spike in mid August and added on the September spike. In spite of some weekly puts having issues and never quite getting to a full position it turned out ok.

Sold to Close DUST JAN 17 2020 40.0 Puts
Bought to Close DUST JAN 4 2019 32.0 Put
Bought to Close DUST JAN 4 2019 33.0 Put
Bought to Close DUST JAN 11 2019 23.5 Puts

All said and done a 4.57 winner on a 7 lot.

🙂 🙂

WYNN

#LongCalls #LEAPS – Filled on a batch of the over sales. Looking to sell ’em again tomorrow either for the double dip next week or the week after…

Bought to Close WYNN DEC 21 2018 120.0 Calls @ .05 (sold for 1.16)

UVXY

#LongPuts #LEAPS – Let’s see if Mr. Market can get to these…after Fed meeting government shutdown should be in the headlines so not expecting any big volatility collapse this week…

Rolled UVXY DEC 21 2018 57.5 Puts to DEC 21 2018 62.5 Puts @ 1.05 credit (2.35 total now)

DG TNA TQQQ XBI

#LongCalls #LEAPS – I thought I was done but I can’t resist selling a little more into this volatility. Gives me a little extra hedge if we open down next week also.

DG: Stop set on next week so going out with an overlapping sale. Selling against 110/90 put spreads so any sale above 110 is a nice one.

Sold DG JAN 4 2019 110.0 Calls @ .70

TNA: Booking and selling. Fairly aggressive double dip next week.

Bought to Close TNA DEC 21 2018 66.5 Calls @ .05 (sold for .81)
Sold TNA DEC 21 2018 54.0 Calls @ .62

TQQQ: Same as TNA double dipping next week…(hopefully)

Bought to Close TQQQ DEC 21 2018 54.0 Calls @ .05 (sold for .85)
Sold TQQQ DEC 21 2018 46.0 Calls @ .82

XBI: Booking and selling.

Bought to Close XBI DEC 21 2018 85.0/95.0 Bear Calls Spreads @ .01 (sold for .63….legged out to get the net penny 🙂 )
Sold XBI DEC 28 2018 81.5 Calls @ .40

Just for margin purposes in the IRA: Bought XBI DEC 28 2018 88.5 Calls @ .01 paired with 81.5 and 82.5 short calls.

Whew! Happy weekend everyone!

WTW

#LongCalls #LEAPS – This is turning into one of my more interesting positions. Started out as a blown out earnings strangle and then became a covered call position. To free up cash the stock was rolled into 2021 LEAP calls at the 50 strike. Throughout the entire ordeal I’ve managed to stay pretty close to even but unable to get all the way there. Still not bad when considering it all started up around 80 and the stock is below 48 now.

It’s trying to find a bottom or could be setting up for another leg down. As long as it’s grinding sideways, I’ll keep hammering the weekly sales right at the money with great premium. This could end up being a longer term hold. Starting to see a lot of potential considering all the premium brought in so early in a 2021 position…

These are non ratio’d full sales that I will roll at the first sign of negative deltas. Otherwise keep selling.

Bought to Close WTW DEC 14 2018 49.5 Calls @ .05 (sold for 1.15)
Sold WTW DEC 28 2018 48.5 Calls @ 1.85

That’s it for me this week (I think ). Another pretty good week of selling with the elevated volatility…

WYNN

#LongCalls #LEAPS – Next week’s naked 120’s look pretty safe so doubling up with spreads since it’s an IRA.

Sold WYNN DEC 28 2018 115.0/125.0 Bear Call Spreads @ 1.20

UNG

#LongPuts #LEAPS – Nat gas already imploding. Thought it might wait until at least February. Rolling the weeklies to try to stay out of the way even though they are ratio’d…

Rolled UNG DEC 21 2018 32.0 Puts to JAN 4 2019 31.0 Puts @ .18 credit

RTN

#LongCalls #LEAPS – Slowly but surely…

Bought to Close RTN DEC 21 2018 185.0/195.0 Bear Call Spreads @ .04 (sold for .73)

XLE

Possible #LongCalls #LEAPS entry here. Trying to bottom and you could cover over 10 percent of LEAPS cost in the first week…

SMH

#LongCalls #LEAPS – Another good week in this one. Not getting sold too hard anymore but not rallying either.

Bought to Close SMH DEC 14 2018 95.0 Calls @ .05 (sold for .82)
Sold SMH DEC 21 2018 94.5 Calls @ .58

XBI

#LongCalls #LEAPS – In an IRA so rotating back and forth between spreads and naked to be able to overlap these by a few days. Next week’s spreads are safe so adding…

Sold XBI DEC 28 2018 82.5 Calls @ .51

EWW

#LongCalls #LEAPS – Slow day today…finally. 🙂 🙂

Bought to Close EWW DEC 21 2018 43.5 Calls @ .05 (sold for .40)
Sold EWW JAN 4 2019 42.5 Calls @ .36

TQQQ

#LongCalls #LEAPS – Stop set on next week’s short 54.0’s so adding some spreads since it’s in an IRA…

Sold TQQQ DEC 28 2018 52.0/58.0 Bear Call Spreads @ .72

TNA

#LongCalls #LEAPS – Stop set on next week’s short 66.5s so adding some spreads since it’s in an IRA…

Sold TNA DEC 28 2018 60.0/70.0 Bear Call Spreads @ .91

UVXY

#LongPuts #LEAPS – Experimental trade being short UVXY out to 2021 and only using monthly put sales at a long 2 by short 1 ratio. Only trying to cover cost and let contango and delta do the work.

Bought to Close UVXY DEC 21 2018 45.0 Put @ .05 (sold for 3.15)

Sold UVXY JAN 18 2019 50.0 Put @ 2.31

#fuzzy

UVXY

#LongPuts #LEAPS – In a different account….smaller less aggressive position.

Bought to Close UVXY DEC 14 2018 52.5 Puts @ .05 (sold for 1.00)

Sold UVXY DEC 28 2018 52.5 Puts @ .76

DUST

#LongPuts #LEAPS – Trying again for a few extra sales…

Sold DUST JAN 11 2019 23.5 Puts @ .75

AMAT

#LongCalls #LEAPS – Booking these extra sales just in case the rally holds…

Bought to Close AMAT DEC 14 2018 37.0/42.0 Bear Call Spreads @ .08 (sold for .46)

UVXY

#LongPuts #LEAPS #ShortCalls – Sold next week’s a little early so booking this week for safety.

Bought to Close UVXY DEC 14 2018 55.0 Puts @ .23 (sold for 1.72)

OLED TNA UNG

#LongCalls #LongPuts #LEAPS #CoveredCalls – Out most of the day but got a few trades in…

OLED: Adding…

Sold OLED DEC 21 2018 104.0 Calls @ 1.05

TNA: Covered calls…

Bought to Close TNA DEC 14 2018 65.0 Calls @ .05 (sold for 2.36)
Sold TNA JAN 18 2019 60.0 Calls @ 2.15

UNG:Sold against long puts…

Bought to Close UNG DEC 14 2018 31.5 Puts @ .05 (sold for .41)

DUST

#LongPuts #LEAPS – Stopped out at even on some extra sales against the long puts. I’ll reconsider if it bounces but appears to be breaking the 200ma today.

Bought to Close DUST DEC 14 2018 26.0 Puts @ .42 (sold for .43)

UNG

#LongPuts #LEAPS – Natty gas bouncing a little today. That’s good….hopefully have put cost covered by spring.

Bought to Close UNG DEC 14 2018 30.0 Puts @ .05 (sold for .80)
Sold UNG DEC 21 2018 32.0 Puts @ .45

Added a few longs:

Bought UNG JAN 17 2020 28.0 Puts @ 3.10

AMAT DUST WTW WYNN

#LongCalls #LongPuts #LEAPS – A few rolls and new sales…

AMAT: Giving it some room. Close to being out of this one so being careful.

Sold AMAT JAN 18 2019 39.0/44.0 Bear Call Spreads @ .31

DUST: Rolling a couple puts down sold against more long puts

Rolled DUST DEC 14 2018 34.0 Put to JAN 4 2019 33.0 Put @ .02 credit
Rolled DUST DEC 14 2018 33.0 Put to JAN 4 2019 32.0 Put @ .17 credit

WTW:

Bought to Close WTW DEC 7 2018 50.0 Calls @ .05 (sold for 1.95)
Sold WTW DEC 14 2018 49.5 Calls @ 1.15

WYNN:

Bought to Close WYNN DEC 7 2018 115.0 Calls @ .03 (sold for 1.13)
Sold WYNN DEC 21 2018 120.0 Calls @ 1.16

SMH

#LongCalls #LEAPS – Surprisingly this ticker isn’t getting killed too bad today (yet)…

Bought to Close SMH DEC 7 2018 98.0 Calls @ .05 (sold for .85)

Sold SMH DEC 14 2018 95.0 Calls @ .82

UVXY

#LongPuts #LEAPS #ShortCalls – This week’s short puts are obviously safe. Sizable position with nice profits. For risk management I used those profits to buy back a couple short calls I wasn’t comfortable with. Position is out to 2021 so plenty of time to get that back. Much more comfortable now with one short call against 8 short puts in the weeklies. Sold next week’s…

Sold UVXY DEC 14 2018 55.0 Puts @ 1.72

TNA TQQQ

#LongCalls #LEAPS – Another round…let’s see if the market can get back to these.

TNA:
Bought to Close TNA DEC 7 2018 67.5 Calls @ .05 (sold for .92)
Sold TNA DEC 21 2018 66.5 Calls @ .81

TQQQ:
Bought to Close TQQQ DEC 7 2018 55.5 Calls @ .05 (sold for .45 after paying a debit roll)
Sold TQQQ DEC 21 2018 54.0 Calls @ .85

RTN

#LongCalls #LEAPS – Bought to Close RTN DEC 14 2018 185.0 Calls @ .05 (sold for .86)

UVXY

#LongPuts #LEAPS #ShortCalls – Selling small against short puts….

Bought to Close UVXY DEC 7 2018 60.0 Call @ .17 (sold for 2.30)

Sold UVXY DEC 14 2018 50.0 Call @ 2.42