#LongCalls #LEAPS – Bought to Close RTN DEC 14 2018 185.0 Calls @ .05 (sold for .86)
Tag Archives: LEAPS
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
EWW
#LongCalls #LEAPS – Over sales so getting out of the way…
Bought to Close EWW DEC 14 2018 44.0 Calls @ .30 (sold for .48)
GLD
#LongCalls #LEAPS – Over sales so getting out of the way…
Bought to Close GLD DEC 14 2018 120.0 Calls @ .14 (sold for .46)
UVXY
#LongPuts #LEAPS #ShortCalls – Let’s give Mr. Market some incentive…
Sold UVXY DEC 28 2018 60.0 Call @ 3.35
UVXY
#LongPuts #LEAPS #ShortCalls – Rolling…
Rolled UVXY NOV 30 2018 54.0 Puts to DEC 7 2018 51.0 Puts @ .90 credit
UNG
UVXY
#LongPuts #LEAPS #ShortCalls – Selling a call now against where I will hopefully be able to sell a new batch of puts tomorrow. Ratio is now 16 long puts against 8 short puts against 3 short calls (calls spread out to only one per week for safety). Trying to generate as much cash as possible over the next 111 weeks.
Sold UVXY DEC 7 2018 60.0 Call @ 2.30
TQQQ
#LongCalls #LEAPS – Lots of time left on this one so taking the small loss since it’s getting a little DITM and sold below the LEAPS.
Bought to Close TQQQ NOV 30 2018 47.0 Calls @ 2.90 (sold for 2.50)
TNA
#LongCalls #LEAPS – Just in case this rally has any follow through tomorrow I’m getting out of the way with a decent weekly profit. Looking to re-load higher at some point.
Bought to Close TNA NOV 30 2018 63.0 Calls @ 1.01 (sold for 2.45)
UVXY
#LongPuts #LEAPS #ShortCalls – Even though UVXY is down today, it’s still historically high so booking and re-selling. Hoping to add another on any decent pop.
Bought to Close UVXY NOV 30 2018 60.0 Call @ .24 (sold for 4.40)
Bought to Close UVXY DEC 7 2018 70.0 Call @ .42 (sold for 4.10)
Sold UVXY DEC 14 2018 60.0 Call @ 2.25
XBI
#LongCalls #LEAPS – Sold XBI DEC 21 2018 85.0/95.0 Bear Call Spreads @ .63
RTN
#LongCalls #LEAPS – Glad I sold all those new positions yesterday…LOL
Bought to Close RTN DEC 7 2018 187.5/197.5 Bear Call Spreads @ .08 (sold for .70)
MO
#LongCalls #LEAPS – Can’t resist this one. I’ll take a shot for 4 cents a week. Half size to begin with…
Bought to Open MO JAN 15 2021 55.0 Calls @ 4.75
Sold MO DEC 14 2018 55.0 Calls @ .54
RTN
#LongCalls #LEAPS – Already up nicely on the earlier sale and some other spreads. Adding again with stops on the others. Basing these sales on resistance and the expected move.
Sold RTN DEC 21 2018 185.0/195.0 Bear Call Spreads @ .73
AZO
#LongCalls #LEAPS – Trade repair I entered on May 25th as a 1×1 LEAP position. Long up 135 points but blocked by weekly. Rolling the weekly out to earnings but not up. Taking the max downside protection in case May 22nd or Oct 17th repeats itself. Sweet spot would be a selloff to my short call strike. (an Oct 17th repeat! LOL)
Rolled AZO NOV 30 2018 742.5 Call to DEC 7 2018 742.5 Call @ 5.18 credit (great fill with my 4.25 offer 🙂 🙂 )
DUST
RTN
#LongCalls #LEAPS – This is one I’ve decided not to take out to 2021. Pretty boring so gradually covering the 2020 position.
Bought to Close RTN NOV 30 2018 187.5/197.5 Bear Call Spreads @ .04 (sold for 1.08)
Sold RTN DEC 14 2018 185.0 Calls @ .86
EWW
#LongCalls #LEAPS – These were oversales so closing a little more aggressively…
Bought to Close EWW NOV 30 2018 43.5 Calls @ .03 (sold for .38)
UNG
UVXY
EWW
#LongCalls #LEAPS – Booking and selling a little more and while this thing is in the crapper I’ll pay a buck for another year of selling…
Bought to Close EWW NOV 30 2018 44.0 Calls @ .02 (sold for .40)
Sold EWW DEC 21 2018 43.5 Calls @ .40
Rolled EWW JAN 17 2020 49.0 Calls to EWW JAN 15 2021 49.0 Calls @ 1.10 debit
EWW
#LongCalls #LEAPS – Slight oversale against the LEAPS with alerts and stops set on the next week’s.
Sold EWW DEC 14 2018 44.0 Calls @ .48
TNA
#LongCalls #LEAPS – Just a small 3 lot that I haven’t added to yet. Rolling down next week’s short calls for a little extra credit. I’m using overhead resistance and the expected move to pick these strikes. Staying prior to the G20 also.
Rolled TNA NOV 30 2018 66.0 Calls to NOV 30 2018 63.0 Calls @ .46 credit (second roll…2.48 total credit now)
Basis’ on both of these positions (TQQQ and TNA) have already been reduced by over 25 percent on 2021 positions 🙂 🙂
TQQQ
#LongCalls #LEAPS – Just a small 3 lot that I haven’t added to yet. Rolling down next week’s short calls for a little extra credit…
Rolled TQQQ NOV 30 2018 52.5 Calls to NOV 30 2018 47.0 Calls @ .77 credit (second roll…2.52 credit total now)
DUST
OLED TQQQ LABU-LABD
#LongCalls #LongPuts #LEAPS #CoveredCalls – Was out nearly all day but had a couple fills from standing orders and the beginning of another experiment 🙂
OLED:
Bought to Close OLED NOV 23 2018 98.0 Calls @ .05 (sold for .65)
TQQQ:
Bought to Close TQQQ NOV 30 2018 55.0 Calls @ .05 (sold for 1.19) re-load tomorrow hopefully…
Risk reduction on one contract taking the small loss…
Bought to Close TQQQ JAN 18 2019 40.0 Put @ 3.50 (sold for 2.50)
LABU/LABD
One of my most frustrating positions so going to try something. Converting the LABU long LEAP calls to long LEAP puts on LABD. The built in drag should help this and the call side was approaching massive whipsaw risk with sales so far below the LEAPS. New position is out to 2020 instead of 2021. Collect as much premium as I can between now and then and then see where it stands.
To establish the new position, I sold the calls and bought whatever puts were the same price and just rolled the basis to the new position. Long 25 strike puts now so will be selling above those but not nearly the whipsaw risk that the call side had.
Long story short…about 30 cents a week on a 5 lot is the goal. Hopefully can get most of that.
UNG
EWW
#LongCalls #LEAPS – Nice to see some of these over sales coming in…
Bought to Close EWW NOV 23 2018 45.0 Calls @ .04 (sold for .31)
EWW
#LongCalls #LEAPS – Late fill yesterday….
Bought to Close EWW NOV 16 2018 45.0 Calls @ .01 (sold for .41)
LABU RTN SMH TQQQ WTW
#LongCalls #LEAPS – A few adjustments to bring in a little more (hopefully safely)….
LABU:
Rolled LABU DEC 7 2018 65.0 Calls to DEC 7 2018 55.0 Calls @ .61 credit
RTN: Replacing this week’s expiration.
Sold RTN NOV 30 2018 187.5/197.5 Bear Call Spreads @ 1.08
SMH:
Bought to Close SMH NOV 16 2018 98.5 Calls @ .05 (sold for .49)
Sold SMH NOV 23 2018 97.0 Calls @ .60
TQQQ:
Rolled TQQQ NOV 30 2018 57.5 Calls to TQQQ NOV 30 2018 52.5 Calls @ .73 credit
WTW: Double selling with stops on previous sales.
Sold WTW NOV 30 2018 52.0 Calls @ .70
EWW
#LongCalls #LEAPS – Triple selling these. Stops on previous two sales…
Sold EWW NOV 30 2018 43.5 Calls @ .38
XBI
#LongCalls #LEAPS – These only need 50 bucks a week so staying careful with spreads…
Sold XBI DEC 7 2018 84.0/89.0 Bear Call Spreads @ .61
SMH
#LongCalls #LEAPS – Got out of half of this week’s so I can get the next sale going on the bounce. Still sitting on my nickel for the rest…
Bought to Close SMH NOV 16 2018 100.0 Calls @ .04 (sold for .58)
Sold SMH NOV 23 2018 97.0 Calls @ .45
UNG
UVXY
#LongPuts #LEAPS #ShortCalls – Taking a little risk off and looking for new sales…
Bought to Close UVXY NOV 23 2018 75.0 Call @ .75 (sold for 2.55)
Bought to Close UVXY NOV 30 2018 80.0 Call @ 1.09 (sold for 6.32)
WYNN
#LongCalls #LEAPS – I’m finding another advantage of going out in time as far as possible. There’s no need to get super aggressive with weekly sales. Still very easy to cover cost by selling about 30 days out leaving plenty of room for whipsaw. Here’s my WYNN example:
Bought to Close WYNN NOV 9 2018 115.0 Calls @ .05 (sold for 1.32)
This reduces the basis on the 130 strike LEAPS to 23.05
With 26 months to go that only requires .87 per month to cover the cost so:
Sold WYNN DEC 7 2018 115.0 Calls @ 1.13
Expected move on the Dec 7th expiration is about 12 dollars so even though selling below the LEAPS, it’s still outside the expected move and well above the .87 required.
UVXY
#LongPuts #LEAPS #ShortCalls – Now that we’re easing back into contango I’m going to lower the number of short calls I have at risk at any given time so gradually closing those for nice profits. I’ll continue selling one (or two) every week at the top of my put ladder. Short 10 puts against one short call would give me protection for about 30-40 points of upside depending on the week of the call sale. I would welcome the opportunity to roll the short call and let the puts expire…
Bought to Close UVXY NOV 16 2018 70.0 Call @ .38 (sold for 3.40)
Sold UVXY NOV 16 2018 50.0 Call @ 3.00
Analyzing just the call sale against the short puts gives this. The downside is exaggerated here since I’ve unchecked the LEAP puts that I’m long.
UVXY
#LongPuts #LEAPS #ShortCalls – Bought to Close UVXY NOV 9 2018 62.0 Call @ .10 (sold for 2.72)
DUST
UVXY
WTW
#CoveredCalls #LongCalls #LEAPS – Not getting much of a bounce so converting the stock into a LEAPS position out to 2021. Rolling the stock loss into the basis of the LEAPS. Frees up a lot of cash and takes risk off.
Sold WTW Stock @ 48.46
Bought to Close WTW NOV 9 2018 51.0 Calls @ .55 (sold for 1.15)
Exited the position with the stock at a basis of 57.61 and added a couple extra LEAPS (300 stock vs 5 LEAPS now)
Bought to Open WTW JAN 15 2021 50.0 Calls @ 15.00
Sold WTW DEC 7 2018 55.0 Calls @ 1.00
Factoring in the stock loss the new LEAPS basis will be 20.50. I’ll sell the calls about every 30 days to give it some recovery room. Still only need about 75 cents every 30 days. Goal is to get out at even unless it really gets on a run.
UVXY
UVXY
#LongPuts #LEAPS #ShortCalls – Giving it some incentive to stay up as long as possible. These premiums are awesome…
Sold UVXY DEC 7 2018 70.0 Call @ 4.10
UNG
#LongPuts #LEAPS – I’ll take a shot with a half size starter. Longer term bearish mainly due to contango and global warming 🙂 . Going out to 2020 since option prices aren’t that much more to get an extra nine months. I’ll sell aggressively in the beginning and then hopefully be able to get out of the way later on. Planning on selling about every 30 days so still only need 23 cents in each sale.
Bought to Open UNG JAN 17 2020 28.0 Puts @ 3.55
Sold UNG NOV 30 2018 27.5 Puts @ .71
BABA
#LongCalls #LEAPS – Got through earnings with close to the number I wanted. Booking a fairly quick one here so I can concentrate on moving away from individual stocks in these types of plays. Like the ETFs better for long term trading. Fifth time being in and out of BABA this year…
Sold to Close BABA JAN 15 2021 150.0 Calls
Bought to Close BABA NOV 2 2018 150.0 Calls
All said and done it’s a 2.24 winner in a big ‘ol 2 lot. 🙂
EWW
#LongCalls #LEAPS – Booking the over write for safety…
Bought to Close EWW NOV 9 2018 48.0 Calls @ .02 (sold for .37)
UVXY
AMAT
#LongCalls #LEAPS – Earnings date is finally confirmed. I’m glad they drug their feet on it since I left it unhedged while waiting. Now I know what a blind squirrel feels like!
🙂
TQQQ
#LongCalls #LEAPS – I had over written these also so taking the loss here and reducing upside risk. I’ll take the loss out of my Nov 9th sale. Still ahead on premium and 60 strike out to 2021 looks pretty good.
Bought to Close TQQQ NOV 16 2018 55.0/60.0 Bear Call Spreads @ 1.75 (sold for .77)
RTN
#LongCalls #LEAPS – I had triple written these spreads so taking whipsaw risk off since it’s bouncing a little.
Bought to Close RTN NOV 2 2018 195.0/205.0 Bear Call Spreads @ .03 (sold for .60)
Bought to Close RTN NOV 9 2018 190.0/200.0 Bear Call Spreads @ .25 (sold for .50)
UVXY
XBI
#LongCalls #LEAPS – Last one today. Hauling a load of Vegas winners back to Miami today…LOL
Sold XBI NOV 16 2018 85.0/90.0 Bear Call Spreads @ .48
Stay green!
UVXY
UVXY
#LongPuts #LEAPS – Giving this it’s own post since I’m so excited about the potential of this trade. Of course that worries me… 🙂 🙂 In two accounts now…
Added:
Bought to Open UVXY JAN 15 2021 50.0 Puts @ 27.00
Sold UVXY NOV 16 2018 52.0 Puts @ 1.40
This week’s put sales look safe so double selling for next week:
Sold UVXY NOV 9 2018 56.0 Puts @ 1.20
EWZ RTN TLT TQQQ
#LongCalls #LongPuts #LEAPS – Summary of a busy morning. Leaving before the close so getting done early.
EWZ: Trying to get my .36 loss back from the closed position yesterday. Stand alone trade out of spite…LOL
Sold EWZ NOV 16 2018 37.0/35.0 Bull Put Spreads @ .26
RTN: Bunch of call spreads nearly worthless so adding another. Just going for slightly more than required breakeven.
Sold RTN NOV 16 2018 185.0/195.0 Bear Call Spreads @ .32
TLT: Adding to the #PerpetualRollingStrangles position. Stop set on last batch.
Sold TLT NOV 23 2018 117.0 Calls @ .34
TQQQ:
Sold TQQQ NOV 16 2018 55.0/60.0 Bear Call Spreads @ .77 credit
DG
#LongCalls #LEAPS – Another long running position that was sort of a trade repair. When I rolled the LEAPS to 2021 I also cut the size in half figuring I’d have plenty of time to make up the difference. The stock has held up great and with a few weekly sales I’m able to make an adjustment and bring a ton of cash back into the account. Closing the LEAPS at breakeven and rolling the slightly ITM calls into strangles.
Sold to Close DG JAN 15 2021 110.0 Calls
Rolled DG NOV 2 2018 108.0 Calls to NOV 16 2018 107.0/113.0 Strangles @ .15 credit.
This was the plan all along with the reduction in size of the roll to 2021. If I could get the LEAPS to even then the size would be small enough I could strangle the weekly calls if needed.
Once the strangles go away (hopefully) the overall thing will be a small net winner. A lot of hassle but was a sizable loser at the beginning.
🙂 🙂
AMAT AMBA EWW EWZ LABU PYPL UVXY
#LongCalls #LongPuts #LEAPS – Was out most of the day but did get in just in time to get a few sales off. Morning would’ve been better but the volatility is helping premium across the board so still sold a little. Biggest change is closing a couple of the long term positions that were near breakeven (AMBA and EWZ) and moving some of that cash to UVXY and possibly adding to TNA and TQQQ.
AMAT: Waiting for earnings date confirmation before selling anymore.
Bought to Close AMAT NOV 2 2018 36.0 Calls @ .02 (sold for .38)
AMBA: Closed for small loss. Happy with it since stock moved against me from day one. Another 2020 position closed and looking to add to some 2021’s that are beaten down.
Bought to Close AMBA NOV 2 2018 38.0 Calls
Bought to Close AMBA NOV 9 2018 36.0 Calls
Sold to Close AMBA JAN 17 2020 50.0 Calls
Net loss of .21 on a 10 lot…
EWW: Overlapping sales since this week’s 48’s look safe.
Sold EWW NOV 16 2018 45.0 Calls @ .41
EWZ: Closing it on the bounce to free up cash to add to UVXY. Small loss but a successful long term repair trade.
Bought to Close EWZ NOV 9 2018 35.5 Calls (ratio’d)
Sold to Close EWZ JAN 15 2021 40.0 Calls
Net loss of .36 on a 10 lot…
LABU: Selling spreads very cautiously down here. Short next week’s 70/80 also.
Sold LABU NOV 16 2018 65.0/75.0 Bear Call Spreads @ .50
PYPL:
Bought to Close PYPL NOV 2 2018 89.0 Calls @ .05 (sold for .60)
Sold PYPL NOV 9 2018 86.0 Calls @ .54
UVXY: Added to the long LEAP puts and sold puts against them. Still short a few calls as well.
Bought to Open UVXY JAN 15 2021 50.0 Puts @ 26.75
Sold UVXY NOV 9 2018 56.0 Puts @ 1.25
UVXY
#LongPuts #LEAPS – Selling calls and puts against a long put LEAP position. Selling less calls and scattering them out for extra safety. Rolling this week’s and holding short 70 strike the next two weeks. Will continue pounding the weekly put sales as long as I can.
Rolled UVXY OCT 26 2018 60.0 Call to NOV 23 2018 75.0 Call @ .57 credit (2.57 total credit now)
BABA
#LongCalls #LEAPS – Earnings next week…
Bought to Close BABA OCT 26 2018 150.0 Calls @ .01 (sold for 2.20)
Sold BABA NOV 2 2018 150.0 Calls @ 2.02
EWZ
#LongCalls #LEAPS – Filled on this just in time this morning leaving a 4×10 ratio’d position. Whiz says EWZ is going up big…LOL!
Bought to Close EWZ OCT 26 2018 40.0 Calls @ .05 (sold for .63)
Hello Mr. UVXY…Didn’t recognize you. Have you lost weight?
#LongPuts #LEAPS – First of all let me apologize for the length. Feel free to skip it or skim it over the weekend or tell me I’m crazy…LOL
It’s been a crazy month so far but it has given us a great opportunity to observe the “new” UVXY and how it reacts during market turmoil. The timing has been great since it had it’s most recent split just two weeks before the craziness began. I don’t have any data to back this up but just going by feel and how it’s suppose to trade now it does seem that it’s moves haven’t been as violent as they were previously so the adjustment appears to be working. No guarantees of course. It could be trading at 150 before things calm down but it does seem unlikely.
After the spike of the summer of 2015 I have been almost exclusively shorting it by selling call spreads on spikes or splits. It’s worked but they are slow to profit since they are so far out in time and don’t decay quite as fast since they are sold closer to the money. It works but it requires the risk to be on the table for a long time tying up buying power.
With the “new and improved” UVXY I think there’s a better way. I am switching all of my short UVXY positions to the #LongPuts #LEAPS strategy. With UVXY being toned down a little we will still get the inevitable downward trend but possibly not quite as fast as before. This should allow more time to sell weekly positions against the long puts for basis reduction. With less violent spikes and slower decay the sales should be possible on both calls and puts.
With all that said, let’s look at some real world numbers. I’ll use my original position as an example.
When UVXY made it’s initial run into the 50’s I bought Jan 2021 50 strike puts. This was just 9 days ago and I paid 29.60 for them. Let’s round that to 30 for simplicity.
I feel it’s safe to assume that by Jan 2021 UVXY will be somewhere near a split adjusted price of 5 dollars. That’s a 45 dollar drop so with the 30 dollar purchase price of the puts there should be a 15 dollar gain there if nothing more is done but sit and wait.
Now let’s add the possibilities of some weekly sales. In 9 days I’ve already brought in 6 dollars of weekly sales using puts and calls. That will go straight to the bottom line of the 2021 position. Of course that type of premium won’t always be available. Some rolling will be required or sometimes the call sale risk will be too high during low volatility.
Let’s assume very conservatively that over the course of the trade an average of 50 cents per week per side can be brought in. That’s a dollar per week for 116 weeks. 116 dollars plus the 15 dollar gain on the put purchase could turn this into about a 130 dollar gain on each contract.
The beautiful thing about it is the only big chunk of buying power being used is the original cost of the long puts but a good part of that can be made up early in the trade before UVXY drops much. Premium available for weekly sales is pretty nice until UVXY falls into the low teens and it begins drying up.
I tried a strategy similar to this on the split before this most recent one. It turned out to be nicely profitable and I was only selling the put side against the position…and UVXY dropped so quickly I didn’t get too many of those sold. With a toned down product now I’m thinking this will work much better this time around. We’ll see!
So today I closed all of my pre-split call spreads at overall profits. This takes a lot of risk off the table and frees up buying power for the new UVXY strategy. I’m still holding a few post split spreads but looking to get out of those at close to even eventually.
Bought to Close UVXY2 DEC 21 2018 15.0/25.0 Bear Call Spreads @ .99 (sold for .84) loss
Bought to Close UVXY2 DEC 21 2018 20.0/30.0 Bear Call Spreads @ .55 (sold for .86) gain
Bought to Close UVXY2 DEC 21 2018 20.0/30.0 Bear Call Spreads @ .52 (sold for .85) gain
Bought to Close UVXY2 JAN 18 2019 12.0/17.0 Bear Call Spreads @ 1.10 (sold for 1.15) gain
Bought to Close UVXY2 JAN 18 2019 15.0/25.0 Bear Call Spreads @ 1.16 (sold for .99) loss
Bought to Close UVXY2 JAN 18 2019 20.0/30.0 Bear Call Spreads @ .65 (sold for .91) gain
TQQQ
#LongCalls #LEAPS – This is a pretty new position so I’ve been selling aggressively and non-ratio’d so that’s really helped to get off to a decent start. Letting the leash out a little on the next sale.
Bought to Close TQQQ OCT 26 2018 60.0 Calls @ .05 (sold for 1.82)
Sold TQQQ NOV 9 2018 57.5 Calls @ 1.05 (come and get those Mr. Market!)
UVXY
TNA
#LongCalls #LEAPS – This is a pretty new position so I’ve been selling aggressively and non-ratio’d so that’s really helped to get off to a decent start. Letting the leash out a little on the next sale.
Bought to Close TNA OCT 26 2018 70.0 Calls @ .05 (sold for 1.97)
Sold TNA NOV 9 2018 67.0 Calls @ 1.10 (come and get those Mr. Market!)
RTN
#LongCalls #LEAPS – Earnings tomorrow so clearing the decks for a fresh sale.
Bought to Close RTN NOV 2 2018 202.5 Calls @ .15 (sold for .70 yesterday)
Going out an extra week:
Sold RTN NOV 2 2018 195.0/205.0 Bear Call Spreads @ .60
LABU
#LongCalls #LEAPS – Very conservative here…
Bought to Close LABU NOV 9 2018 90.0 Calls @ .08 (sold for 1.73)
Sold LABU NOV 9 2018 70.0/80.0 Bear Call Spreads @ .30
LABU OLED RTN SMH XBI UVXY
#LongCalls #LEAPS – Another day of LEAPS getting hit but weeklies doing their jobs. On the bright side after sitting down last night and looking at these types of trades with a fine tooth comb, a majority of the 2021 positions only require .05 to .15 per week to cover. It’s a long haul so just trying to avoid whipsaws now. Weekly safe spreads bringing in just 20 cents or so and letting them expire is the plan for the future until a recovery happens.
LABU: Added final long LEAP purchase to average down. Way underwater but still doable.
Bought to Open LABU JAN 15 2021 110.0 Call @ 8.00
OLED: Earnings next week so nice to get rid of these to sell again.
Bought to Close OLED OCT 26 2018 117.0 Call @ .05 (sold for 1.20)
Bought to Close OLED OCT 26 2018 120.0 Call @ .05 (sold for 1.20)
RTN: Earnings tomorrow. I’ll be selling something later today.
Bought to Close RTN OCT 26 2018 205.0 Calls @ .05 (sold for 2.05)
SMH: Double dip in this expiry…
Bought to Close SMH NOV 9 2018 106.0 Calls @ .05 (sold for .97)
Sold SMH NOV 9 2018 99.0 Calls @ .35
XBI:
Bought to Close XBI NOV 2 2018 89.0 Calls @ .05 (sold for .76)
UVXY:
Big post coming later on my big change in strateegery for trading this symbol. It changed so I am too. Hoping for more potential profit with less buying power used and less volatility within the position.
WYNN
#LongCalls #LEAPS – This is a sale in the estimated earnings week but with WYNN you never know until the day of sometimes. Giving it a lot of room.
Sold WYNN NOV 9 2018 115.0 Calls @ 1.32
EWW GLD LABU OLED RTN SMH XBI
#LongCalls #LEAPS – A few buys a few sells and another 2021 roll on a beaten down name.
EWW:
Bought to Close EWW OCT 26 2018 48.5 Calls @ .02 (sold for .32)
Sold EWW NOV 9 2018 48.0 Calls @ .37
GLD: Ratio’d and rolling to give it some room…
Rolled GLD NOV 9 2018 115.0 Calls to DEC 21 2018 117.0 Calls @ .25 debit
LABU: Rolled LEAPS to 2021 and booked a weekly. No new sales yet.
Rolled LABU JAN 17 2020 110.0 Calls to JAN 15 2021 110.0 Calls @ 3.95 debit
Bought to Close LABU OCT 26 2018 70.0 Calls @ .05 (sold for 1.31)
OLED: Earnings sale leaving a lot of room to adjust prior to the announcement
Sold OLED NOV 2 2018 125.0 Calls @ 1.50
RTN: Selling half the week after earnings and waiting on the rest.
Sold RTN NOV 2 2018 202.5 Calls @ .70
SMH:
Bought to Close SMH OCT 26 2018 101.0 Calls @ .03 (sold for .65)
Sold SMH NOV 16 2018 100.0 Calls @ .58
XBI:
Bought to Close XBI NOV 9 2018 94.0 Calls @ .05 (sold for 1.14)
Sold XBI NOV 9 2018 87.0 Calls @ .65
XBI
#LongCalls #LEAPS – With biotech in the dumpster any 2020 positions I don’t mind keeping are in a perfect position to roll to 2021 for minimal cost.
Rolled XBI JAN 17 2020 97.0 Calls to JAN 15 2021 97.0 Calls @ 3.70 debit
UVXY
#LongPuts #LEAPS #ShortCalls – Setting up for next week. Selling weekly strangles against my long LEAP puts. Less calls than puts for safety.
Sold UVXY NOV 2 2018 70.0 Call @ 2.35
AMBA
#LongCalls #LEAPS – Nice start to the week…
Bought to Close AMBA OCT 26 2018 39.5 Calls @ .05 (sold for .55)
Sold AMBA NOV 9 2018 36.0 Calls @ .62
UVXY
#LongPuts #LEAPS #ShortCalls – Selling the crap out of this before it eventually implodes. Selling weekly strangles against my long LEAP puts.
Bought to Close UVXY OCT 19 2018 50.0 Puts @ .05 (sold for 2.35)
Sold UVXY OCT 26 2018 51.0 Puts @ 2.10
LABU OLED XBI
#LongCalls #LEAPS #BullPutSpreads – Weeklies against various positions. Missed this morning where these could’ve all done better but taking what I can get.
LABU:
Bought to Close LABU NOV 2 2018 95.0 Calls @ .05 (sold for 1.35)
Sold LABU OCT 26 2018 70.0 Calls @ 1.31
OLED:
Bought to Close OLED OCT 26 2018 130.0 Call @ .10 (sold for 1.30)
Sold OLED OCT 26 2018 117.0 Call @ 1.20
XBI:
Bought to Close XBI NOV 2 2018 95.0 Calls @ .05 (sold for 1.10)
Sold XBI NOV 2 2018 89.0 Calls @ .76
Options Bistro 