AMBA

#LongCalls #LEAPS – Last one…squeezing in one more sale before earnings.

Bought to Close AMBA MAY 25 2018 50.5 Calls @ .08 (sold for .80)

Sold AMBA JUN 1 2018 51.5 Calls @ .91

RTN

#LongCalls #LEAPS – The NOC replacement at twice the size…BTW this is Whiz’s favorite and he’s always right! 🙂 🙂

Bought RTN JAN 17 2020 220.0 Calls @ 22.50

Sold RTN JUN 8 2018 217.5 Calls @ 1.25

Payoff by Jan 2019 and Jan 2020 is .66/.25

NOC to RTN conversion

#LongCalls #LEAPS – Now that RTN has finally joined the weekly world I’m moving over there. It’s a little cheaper so I can do more contracts too. NOC needed a little pullback to get back to the top of the risk profile (max profit) and it got it today.

Sold NOC JAN 17 2020 330.0 Calls
Bought NOC MAY 25 2018 327.5 Calls

All said and done 17 day position booked 3.08 per contract (just a 2 lot here)

TQQQ

#LongCalls #LEAPS – Here’s the 2020 reset…

Bought TQQQ JAN 17 2020 55.0 Calls @ 14.60

Sold TQQQ JUN 1 2018 56.5 Calls @ .80 (sold 8 of 10)

Payoff by Jan 2019 and Jan 2020 is .42/.16 (assuming full sales)

EWZ

#LongCalls #LEAPS – Still selling less than max to control upside risk but still enough to cover cost by end of year…

Bought to Close EWZ JUN 1 2018 40.5 Calls @ .03 (sold for .40)

sold EWZ JUN 1 2018 38.0 Calls @ .32

AZO

#LongCalls #LEAPS – Was a little irritated at this one but the rally helped. Needed 657.75 to get even but didn’t quite make it. Short put was exercised a couple days ago. Sold the stock today for 633.95 with a basis of 657.75. Taking the 23.80 loss and rolling it into a Jan 2020 LEAP position. Only rolling one for one since these are pricey. I might consider adding another one on a big drop.

Once I calculated the final numbers it definitely looks doable and possibly even very profitable…

Bought AZO JAN 17 2020 640.0 Call @ 99.50 (basis 123.30 now)

Sold AZO JUN 1 2018 642.5 Call @ 4.10

Payoff by Jan 2019 and Jan 2020 is 3.61/1.40

ADSK

#ShortStrangles #LongCalls #LEAPS – A timely pullback today in this thing. Two different trades going and both sets of short calls were DITM. Selloff allowed for much better rolls to get all the positions back in the game.

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Position 1:

Selling weekly calls against longer term short puts that (used to be) deep in the money. Good chance to roll the weekly calls now.

Rolled ADSK MAY 25 2018 131.0 Calls to JUN 8 2018 133.0 Calls @ .25 credit

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Position 2:

Long LEAPS against short calls where short calls had gotten absolutely demolished. Using the weakness today to roll up the LEAPS and taking the credit to make a huge roll up of the weeklies.

Rolled ADSK JAN 18 2019 120.0 Calls to JAN 18 2019 130.0 Calls @ 5.90 credit
Rolled ADSK MAY 25 2018 122.0 Calls to JUN 15 2018 130.0 Calls @ 5.66 debit

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Assuming no more crazy rallies in this thing the weekly calls are now back in play for further selling….