#LongCalls #LEAPS – First couple rounds of sales were non-ratio’d so already covered a nice chunk of the LEAPS cost. Switching to ratio’d now after the selloff. 3×5 with no upside risk.
Bought to Close ERX AUG 24 2018 37.0 Calls @ .06 (sold for .73)
Sold ERX AUG 31 2018 33.5 Calls @ .75
#PieTrades #Earnings.
BTC $AMAT Aug 17th 46.5 #CoveredCall for 1.97. Sold for 3.56 last week as a roll. Leaving my stock alone for earnings report tonight.
#LongCalls #LEAPS – Early sale replacing this week’s…
Sold AMBA AUG 24 2018 39.0 Calls @ .50
#LongCalls #LEAPS – Earnings next week so I may adjust this call sale between now and then. Non-ratio so still looking to exit on negative deltas…
Bought to Close BABA AUG 17 2018 182.5 Calls @ .32 (sold for 2.20)
Sold BABA AUG 24 2018 180.0 Calls @ 3.37
#LongCalls #LEAPS – A couple rolls today…
AMAT:
Earnings next week…
Bought to Close AMAT AUG 10 2018 48.5 Calls @ .03 (sold for 1.60)
Sold AMAT AUG 17 2018 49.0 Calls @ .86
ERX:
Bought to Close ERX AUG 10 2018 37.0 Calls @ .05 (sold for .60)
Sold ERX AUG 24 2018 37.0 Calls @ .75
#LongCalls #LongPuts #LEAPS – It was an interesting experiment trading both sides. I think it could’ve worked but with all the crazy stuff going on I’m completely out. Taking a loss but luckily had captured a bunch of premium already. Normally I would stick it out and try to get to even but this is one of those cases where I think putting the cash to work elsewhere is the best for me.
Seems like I have one clunker every year…CMG in 2016 and REGN in 2017. One big loss that’s only partially offset by other winners within the ticker. Same here…loss that wipes out my TSLA 2018 gains plus a little more. But, that’s why you stay small in these types of positions.
Closed my put side yesterday with the final numbers being a 5.27 loss on a 2 lot.
Closed my call side today with the final numbers being an 18.30 loss on a 2 lot.
The cash will be deployed elsewhere and I’ll get that back…LOL Might even sell some TSLA spreads. BTW…I still like the cars and love the Space X program. Not particularly a fan of the Muskie though!
#LongCalls #LongPuts #LEAPS – Trading both sides. Not willing to risk Muskie actually being serious about the buyout. Calls were already ITM so rolling them out and above my long 2020’s until things calm down.
Rolled TSLA AUG 31 2018 292.5 Calls to JAN 17 2020 360.0 Calls @ 4.24 debit
These had 32.56 of credit in them already so that reduces to 28.32. Had already reduced the basis in the long calls by quite a bit. A quick look at the numbers shows:
Long 2020 350/360 BeCS @ 23.30
If the buyout were to actually happen it would be a 13.30 loser but that’s better than without the roll. I’ll continue selling the put side for now.
#LongCalls #LEAPS – Started this yesterday as a non-ratio. Approaching negative deltas so rolling out and up. Negative deltas a second time and I’ll book it and move on down the road. This is all still prior to earnings…
Rolled BABA AUG 10 2018 180.0 Calls to AUG 17 2018 182.5 Calls @ .13 credit
#LongCalls #LEAPS – This is a 2×4 ratio in an IRA. Another advantage to the ratios is that in a non taxable account you can let the current week expire while still getting the next sales going.
Sold RTN AUG 17 2018 200.0 Calls @ 1.24
I’ll let this week’s 197.5s expire…
#LongCalls #LEAPS – My first chance to work with a recovering ratio. Sold 5×10 all the way down just killing time and bringing in some premium. With the ratio the big recovery is pretty painless.
Adding one contract back on the roll to get a small credit…
Rolled 5 EWZ AUG 3 2018 34.0 Calls to 6 EWZ AUG 31 2018 35.0 Calls @ $26 net credit.
#LongCalls #LEAPS – Another week…this thing looks like it’s ready to head back up.
Bought to Close AMBA AUG 3 2018 40.5 Calls @ .05
Sold AMBA AUG 17 2018 40.0 Calls @ .75
#LongCalls #LEAPS – Finally a pullback to get rid of a non ratio position. Selling next week minimally and ratio’d…
Bought to Close ADSK JUL 27 2018 135.0 Calls @ .01 (sold for 1.50)
Sold ADSK AUG 3 2018 133.0 Calls @ 1.20
#LongCalls #LEAPS – Some rolls and adjustments….these are all ratio’s except for AZO which is a trade repair from an old strangle that I’m working.
AMBA:
Bought to Close AMBA JUL 27 2018 41.0 Calls @ .05 (sold for .62)
Sold AMBA AUG 3 2018 40.5 Calls @ .50
AZO:
Rolled AZO JUL 27 2018 662.5 Call to AUG 10 2018 665.0 Call @ .31 debit
Stock was up big on ORLY earnings earlier. We know how that worked out last quarter 🙂
ERX:
Rolled ERX JUL 27 2018 37.5 Calls to AUG 3 2018 38.0 Calls @ .15 credit
FAS:
Rolled FAS JUL 27 2018 65.5 Calls to AUG 10 2018 66.0 Calls @ even
OLED:
Rolled OLED JUL 27 2018 91.5 Calls to AUG 17 2018 95.5 Calls @ .13 credit
PYPL:
Using the earnings weakness to roll and reduce the ratio. Should pay off on the next bounce…
Rolled PYPL JUL 27 2018 85.0 Calls to AUG 17 2018 85.5 Calls @ total debit of $75.00 (reduced from 8 to 7)
#LongCalls #LEAPS – Trading around this one again. Looking to reduce some of my positions so booking some profits. It was a 3×2 ratio so taking it off on the bounce today.
Sold to Close TQQQ JAN 17 2020 60.0 Calls
Bought to Close TQQQ AUG 3 2018 57.5 Calls
All said and done a 1.49 winner on the 3 lot. A great year in TQQQ so far…
#LongCalls #LEAPS – Well that didn’t take long….negative deltas for a second time so booking it. Sold first batches of weekly calls aggressively and non-ratio’d just in case there was no bounce. Since it got the bounce I’ll take the quick 10 day winner.
Sold to Close AVGO JAN 17 2020 210.0 Calls
Bought to Close AVGO AUG 3 2018 212.5 Calls
3.45 winner on a big ‘ol 2 lot…
#LongCalls #LEAPS – Reaching negative deltas so rolling out and up. Negative deltas a second time and I’ll book it as a short term win.
Rolled AVGO JUL 27 2018 210.0 Calls to AUG 3 2018 212.5 Calls @ .15 debit
#LongCalls – A final postmortem on my old buddy after taking the trade all the way to the end selling weeklies against long calls…(this was an experimental shorter term position and not a #LEAPS trade).
Initial Cost of a 5 lot of long calls: $5116.95
Total weekly premium received: $4983.85
Net loss of 133.10 including commissions. The trade was never profitable so happy with the end result….adios Mr. CELG!
#LEAPs Another one I’m closing early to avoid any intraday surprises.
BTC $PYPL July 20th 87.5 puts for .11. Sold for 1.26 (avg price) last Friday.
I’m trading short term around PYPL against Jan 2019 100 long calls.
#LongCalls #LEAPS – All of these are ratios except the SMH (wish it was). Taking care of these today since I’ll be out all day tomorrow (3 day golf weekend…LOL). Still will have TSLA, AMAT, AVGO, CELG, EWZ to watch.
LABU:
Rolled LABU JUL 20 2018 90.0 Call to AUG 10 2018 91.0 Call @ .24 credit
NVDA:
Rolled NVDA JUL 20 2018 247.5 Call to JUL 27 2018 250.0 Call @ .55 credit
RTN:
Rolled RTN JUL 20 2018 195.0 Calls to AUG 3 2018 197.5 Calls @ .25 debit
SMH:
Rolled SMH JUL 20 2018 102.0 Calls to AUG 10 2018 103.0 Calls @ .12 credit
TQQQ:
Rolled TQQQ JUL 20 2018 57.0 Calls to AUG 3 2018 57.5 Calls @ even
#LongCalls #LEAPS – Been wanting back in this one so earnings season probably as good a time as any…
5×4 ratio for now since there’s plenty of time left to get it all back…
Bought ERX JAN 17 2020 37.0 Calls @ 10.00
Sold ERX JUL 27 2018 37.5 Calls @ .95
#LongCalls #LEAPS – Using today’s pullback to book another one of my non-ratio positions. I’ll definitely be looking to reset on some more weakness….
Bought to Close TNA JUL 20 2018 81.0 Calls
Sold to Close TNA JAN 17 2020 80.0 Calls
All said and done made 1.02 per contract on a 7 lot. LEAPS were up about 12 points but blocked by the weekly sales almost from the beginning. 😦
#LongCalls #LEAPS – Another week….luckily these are ratioed so making a little bit on the run up. Did a little rolling but still keeping some downside room.
ADSK: (selling against short puts and long LEAPS)
Rolled ADSK JUL 13 2018 133.0 Calls to JUL 27 2018 135.0 Calls @ .48 credit
FAS:
Rolled FAS JUL 13 2018 64.5 Calls to JUL 27 2018 65.5 Calls @ .39 credit
Added one as well. Still little to no upside risk…
Sold FAS JUL 27 2018 65.5 Call @ 2.54
GLD:
Bought to Close GLD JUL 13 2018 119.0 Calls @ .01 (sold for .78)
And on the little bounce a couple days ago:
Sold GLD JUL 20 2018 118.5 Calls @ .44
NVDA:
Rolled NVDA JUL 13 2018 245.0 Call to JUL 20 2018 247.5 Call @ .35 credit
OLED:
Rolled OLED JUL 13 2018 90.0 Calls to JUL 27 2018 91.5 Calls @ .15 credit
Waiting to see how the AMAT 46 calls turn out and that’s it for this week…
#LongCalls #LEAPS – New position…non-ratio 2×2 that I’ll roll immediately if deltas become negative. I’m guessing it grinds around down here or possibly drifts lower into earnings…
Bought AVGO JAN 17 2020 210.0 Calls @ 27.50
Sold AVGO JUL 20 2018 212.5 Calls @ 2.20
#PieTrades On Tuesday’s down open, I closed $AMAT July 13th 46 #CoveredCall for .57. Sold for .70 last week. It had been ITM so the pullback helped, and I planned to sell the new one on the bounce.
Took a couple days for the bounce!
Today, sold AMAT July 20th 46 call for .75.
#LEAPs #SyntheticCoveredCalls
Stopped $PYPL July 20th 87 calls for 2.16 and 88 calls for 1.50.
Sold July 20th 87.5 puts for 1.10 and 1.35.
Earnings on July 25th. I believe this one will consolidate or run higher from here into earnings. If it surges I may try to squeeze in some more short calls, or just wait for an earnings strangle.
#LEAPs Sold $SQ July 27th 68.5 #SyntheticCoveredCalls for 1.11. These are against my long January 60 calls.
#LEAPs BTC $SQ July 20th 71 #SyntheticCoveredCalls for .15. Sold for 1.35 in June.
#CoveredCallCampaign BTC $BABA July 20th 202.5 #CoveredCall for .21. Sold for 2.05 in June
#VXXGame Sold $VXX Dec 50 call for 3.50
#LongCalls #LEAPS – Was busy all weekend so just now getting caught up on last weeks trades. In the meantime had a small position over at Tastyworks that went negative deltas today (non-ratio) so booking it.
Sold to Close FAS JAN 18 2019 65.0 Calls
Bought to Close FAS JUL 20 2018 64.0 Calls
Booked 1.45 per contract on a huge 2 lot 🙂
#LongCalls #LEAPS – All ratio positions so no need to get crazy. Just easing them up and keeping a little downside cushion. Done for the day!
FAS:
Rolled 63.5 Calls to next week 64.5 @ .17 credit (2 accounts)
NVDA:
Rolled 242.5 Call to next week 245.0 @ .57 credit
OLED:
Rolled 87.0 Calls to next week 90.0 @ .20 credit
#LEAPs #SyntheticCoveredCall Sold $PYPL July 20th 87 calls for .90
#PieTrades Sold $AMAT July 13th 46 call for .70.
#CoveredCallCampaign Closed $SQ July 6th 66.5 put for 1.35 to avoid assignment. Sold for 1.43 on June 21st.
#Rolling to: SQ July 27th 68 call for 1.53.
#LongCalls #LEAPS – Another one similar to XLY. Caught a great move and weeklies got run over so trade hasn’t really made anything. Rolling the short calls out a few weeks but not up much. Using the credit to remove one short call. This gives a 10×9 ratio reducing the upside risk. I’ll be watching it closely…in case of a pullback I might be able to get out at even and then reset to 2020 (or add to LABU instead)
Bought to Close 10 XBI JUL 13 2018 94.0 Calls
Sold 9 XBI AUG 10 2018 94.5 Calls
Did the roll for a total debit of .60. Since it was unbalanced that debit is not per contract. It’s 60 dollars total for the trade. A small price to pay to remove a lot of risk…
#LongCalls #LEAPS – Replacing this week’s…
Sold RTN JUL 20 2018 195.0 Calls @ 1.35
#LongCalls #LEAPS – Instead of messing with this one any more I’m booking it at breakeven. Caught a great move on the entry months ago but weekly (1×1) call sales got run over and the trade just never worked. I’ll re-load on a pullback.
Sold to Close XLY JAN 18 2019 105.0 Calls
Bought to Close XLY JUL 6 2018 107.5 Calls
#LongCalls #LEAPs This is not the typical high-delta LEAP play… I first bought some of these calls back in November, and adding today at a slightly lower price.
Bought $PYPL Jan 2019 100 calls for 2.20.
Selling short term calls against it.
#LongCalls #LEAPS – A couple minor adjustments. Have to say the whole ratio thing is working great. No upside risk at all even when the short calls get a little underwater.
AMBA:
Rolling down and in to get out of these sooner allowing an extra week of sales.
Rolled AMBA JUL 20 2018 43.5 Calls down and in to JUL 13 2018 41.0 Calls @ .02 credit
LABU:
Rolled LABU JUL 6 2018 88.0 Call to JUL 20 2018 90.0 Call @ .11 credit
#LongCalls #LEAPS – Small position over at Tastyworks…
Bought to Close FAS JUL 6 2018 68.5 Calls @ .05 (sold for 1.06)
Sold FAS JUL 20 2018 64.0 Calls @ 1.90
#LongCalls #LEAPS – Pretty good day of booking winners and selling new ones. Early on some and late on some but all of these are now ratios to reduce whipsaw upside risk.
AMAT:
Bought to Close AMAT JUL 6 2018 48.5 Calls @ .08 (sold for .41) A synthetic double dip this week 🙂
Sold AMAT JUL 13 2018 46.0 Calls @ .98
FAS: (2 accounts)
Bought to Close FAS JUN 29 2018 65.0 Calls @ .17 (sold for 1.40)
Bought to Close FAS JUN 29 2018 65.0 Calls @ .15 (sold for 1.42)
Sold FAS JUL 6 2018 63.5 Calls @ 1.22
Sold FAS JUL 6 2018 63.5 Calls @ 1.17
GLD:
Bought to Close GLD JUL 6 2018 121.5 Calls @ .08 (sold for .49)
Sold GLD JUL 13 2018 119.0 Calls @ .78
LABU:
Bought to Close LABU JUN 29 2018 103.0 Calls @ .09 (sold for 3.50 total after a double dip rolldown)
Sold LABU JUL 6 2018 88.0 Call @ 3.20
NVDA:
Bought to Close NVDA JUN 29 2018 250.0 Calls @ .11 (sold for 3.62 total after a double dip rolldown)
Sold NVDA JUL 6 2018 242.5 Call @ 2.81
RTN:
Bought to Close RTN JUN 29 2018 207.5 Calls @ .03 (sold for .73)
Sold RTN JUL 6 2018 195.0 Calls @ 1.24
TQQQ:
Adjusted early and ratio’d after adding to LEAPS
Bought to Open TQQQ JAN 17 2020 60.0 Call @ 13.50 (adding)
Bought to Close TQQQ JUL 20 2018 60.0 Calls @ 1.40 (sold for 1.65)
Sold TQQQ JUL 20 2018 57.0 Calls @ 2.65
#LongCalls #LEAPS – Being careful with a possible whipsaw in this one also. No need to rush things. Already reduced basis by 43 percent in 5 weeks with the LEAPS out to 2020.
Bought to Close AMBA JUN 29 2018 44.0 Calls @ .05 (sold for .67)
Sold AMBA JUL 20 2018 43.5 Calls @ .75
#LongCalls #LEAPS – Treading very carefully on this one. Only selling half size and bringing in just enough to cover the LEAPS cost until it starts to recover.
Bought to Close EWZ JUN 29 2018 35.0 Calls @ .01 (sold for .21)
Sold EWZ JUL 20 2018 33.0 Calls @ .44
#LongCalls #LEAPS – Jumping back in with a starter position. 20 percent of the size I closed on Friday and 2 dollars less. Leaving room to add if it keeps dropping.
Bought TQQQ JAN 17 2020 60.0 Calls @ 14.55
Sold TQQQ JUL 20 2018 60.0 Calls @ 1.65
#LongCalls #LEAPS – More premium collecting. Rolled some short calls down in this week and sold next week in some others.
AMAT:
Bought to Close AMAT JUN 29 2018 50.0 Calls @ .03 (sold for .49)
Sold AMAT JUL 6 2018 48.5 Calls @ .41 (80 percent size)
EWW:
Rolled 45.5 calls to next week 46 @ .10 credit
FAS:
Rolled this week 67.5 calls down to 65 @ .45 and .41 credits
LABU:
Rolled this week 112 calls down to 103 @ 1.05 credit
OLED:
Bought to Close OLED JUN 29 2018 94.0 Calls @ .05 (sold for 1.00)
Sold OLED JUL 6 2018 87.0 Calls @ 1.00
#LongCalls #LEAPS – Doing a cautious roll down this week for a possible double dip…
Rolled NVDA JUN 29 2018 260.0 Calls to JUN 29 2018 250.0 Calls @ .90 credit (3.62 total now)
#LongCalls #LEAPS – Replacing this week’s expiration. Selling 4×5 ratio…
Sold AMBA JUN 29 2018 44.0 Calls @ .67
#LongCalls #LEAPS – Same as TQQQ. LEAPS sale price got hit so booking it. I’ll wait and see if weekly 67’s expire (it’s close). I’ve got FAS in three different accounts. I will definitely reset this one to be able to sell weeklies thru bank earnings.
Sold to Close FAS JAN 17 2020 62.0 Calls
All said and done booking 2.53 on a 5 lot. Had zero basis reduction in this one. Fought the short calls the entire time. Perfect time to reset…
#LongCalls #LEAPS – This thing is right up near all time highs and my short calls are (finally) out of trouble. The LEAPS roll up strateegery functioned perfectly here unlocking the profit by getting the short calls out of the way. I’ll take the weekend to decide what to do next….might jump right back in!…LOL
Part of the reason to close this is I had a wild price set to sell the LEAPS (about 75 cents above the mid) and it got filled so closed the short calls that were right ATM.
Sold to Close TQQQ JAN 17 2020 60.0 Calls
Bought to Close TQQQ JUN 22 2018 61.5 Calls
All said and done booking 2.40 per contract on a 10 lot. That’s the second round trip in this thing. Yearly gains pushing 6.00 in the ticker. It’s a fun one!
#LongCalls #LEAPS – I’ll jump in this with you guys. Premiums great so can’t get hurt too bad even with that big ‘ol red bar today. 40 percent size here for a starter.
Bought LABU JAN 17 2020 110.0 Calls @ 31.00
Sold LABU JUN 29 2018 112.0 Calls @ 2.45
Payoff by Jan 2019 and Jan 2020 is .98/.25
Playing this as my standard entry for first two weeks. Sell max calls and roll if negative deltas are reached. If negative deltas reached a second time then book it.
#LongCalls #LEAPS – I’ll jump in this with you guys. Premiums decent and earnings not until mid August.
Bought AMAT JAN 17 2020 50.0 Calls @ 7.70
Sold AMAT JUN 29 2018 50.0 Calls @ .49
Payoff by Jan 2019 and Jan 2020 is .25/.09
Playing this as my standard entry for first two weeks. Sell max calls and roll if negative deltas are reached. If negative deltas reached a second time then book it.
#LongCalls #LEAPS – Been in it awhile and not a fan. Breakeven is the goal here. Selling carefully at about a 70 percent ratio to the long LEAP calls. Been caught in a couple whipsaws in this thing already…
Bought to Close GLD JUN 22 2018 122.5 Calls @ .01 (sold for .32)
Sold GLD JUL 6 2018 121.5 Calls @ .49
#LongCalls #LEAPS – Couple positions in this thing. These are sold against the 2020’s. Goal here is 74 cents per week to have LEAPS covered with a year to go…
Bought to Close OLED JUN 22 2018 100.0 Calls @ .05 (sold for 1.25)
Sold OLED JUN 29 2018 94.0 Calls @ 1.00
#LEAPs #syntheticcoveredcall. Sold $SQ July 20th 62/71 strangles for 2.81, as a roll from yesterday’s stopped calls.
Also, #CoveredCallCampaign
Closed on GTC order: $BABA June 22nd 215 #CoveredCalls for .20. Sold for 2.00 in May.
Here for my stepson’s graduation from University of Oregon. After that, we’re off to Napa for a family get-together.
#LEAPs #CoveredCllCampaign.
$SQ breaching call strikes again.
Closed $SQ July 6th 65 calls for 2.49. Will roll later.
Closed $SQ June 29th 57.5 put for .15
Closed $SQ July 6th 58 puts for .33
Sold $SQ July 13th 67.5 call for 1.63
#LongCalls #LEAPS – This morning it looked like I might get the nice surprise of the weekly expiring. Not gonna happen so have to take the roll. Picking up a buck of upside.
Rolled FAS JUN 15 2018 66.0 Calls to JUN 22 2018 67.0 Calls @ .02 credit
#LongCalls #LEAPS -Another position where the weeklies got annihilated. Set this one up prior to our unbalanced strategy. The LEAPS have about 13 dollars of profit in them that I’d like to keep as much of as possible.
Small adjustment to get the weekly call sales a little more rollable. This does give up some downside protection but preserves the potential gains already in the LEAPS. Rolling LEAPS up to finance a rollup of the weekly calls. You could look at this as closing a winner and resetting but I still consider the same trade until completely closed.
I don’t do this often but it worked great in an AMZN position last year…
Rolled TNA JAN 17 2020 70.0 Calls to JAN 17 2020 80.0 Calls @ 5.63 credit
Rolled TNA JUL 20 2018 75.0 Calls to JUL 20 2018 81.0 Calls @ 5.27 debit
LEAPS rolled up 10 but was only able to roll weeklies up 6. That’s ok though….pocketed some cash and accomplished the goal of getting the weeklies back in play. Hopefully roll them again next time and get them out of trouble. Get rid of them eventually and get the full profit out of the LEAPS.
#LongCalls #LEAPS – Thought about rolling the LEAP up to help roll the weekly higher but just going out a month instead to see if it continues up. Rolling the weekly up 10 points.
Rolled AZO JUN 15 2018 650.0 Call to JUL 20 2018 660.0 Call @ .01 credit
#LongCalls #LEAPS -Long way to go on this one. If the 200ma doesn’t hold I’ll roll all my sales down there. For now selling cautiously…
Bought to Close RTN JUN 22 2018 217.5 Calls @ .05 (sold for 1.25)
Sold RTN JUN 29 2018 207.5 Calls @ .73 (75 percent size)
#LongCalls #LEAPS -Replacing this week’s expiration. Was so close to getting out of this one. Haven’t liked it from the beginning. On the bright side only need 16 cents per week to scratch….
Sold GLD JUN 22 2018 122.5 Calls @ .32
#LongCalls #LEAPS – Replacing this week’s expiration…
Sold OLED JUN 22 2018 98.0 Calls @ 1.15
#LongCalls #LEAPS – Replacing this week’s expiration…just killing time collecting min required until (if) this thing reverses.
Sold EWW JUN 29 2018 45.5 Calls @ .28
#LongCalls #LEAPS -Slowly but surely. Selling just enough to be covered a year early…
Bought to Close AMBA JUN 15 2018 44.5 Calls @ .05 (sold for .85)
Sold AMBA JUN 22 2018 44.0 Calls @ .55 (adding one call but still only 80 percent size)
#LongCalls #LEAPS – Scaling back my selling to just what I need to cover the LEAPS until this thing gets it’s feet back under it. No hurry…
Bought to Close EWZ JUN 22 2018 35.5 Calls @ .05 (sold for .42)
Sold EWZ JUN 29 2018 35.0 Calls @ .21
#LongCalls #LEAPS – Small adjustment to get the weekly call sales a little more rollable. This does give up some downside protection but preserves the potential gains already in the LEAPS. Rolling LEAPS up to finance a rollup of the weekly calls. You could look at this as closing a winner and resetting but I still consider the same trade until completely closed.
I don’t do this often but it worked great in an AMZN position last year…
Rolled TQQQ JAN 17 2020 55.0 Calls to 60.0 Calls @ 2.50 credit
Rolled TQQQ JUN 22 2018 58.33 Calls to Jun 22 61.5 Calls @ 2.50 debit
Pocketed a little cash since the short calls were smaller size. Goal is to roll them again next week and hopefully out of trouble. Get rid of them eventually and get the full profit out of the LEAPS.
#Market #LEAPs Not a good end to the day… are we really surprised or freaked out by interest rates? Or is this market just not getting back through 2800 for the rest of the year? We are now in the fifth month of a market that cannot rally like we saw it do so often in 2016/2017. Stuck again in a Downside Warning that goes more up than down, but apparently means there is no follow through on rallies.
Missed fills on the bounce so got stuck selling calls near the lows. I don’t want to be stuck with short puts on this without selling calls as well.
Sold $TQQQ July 6th 64 calls for 1.35.
#LEAPs #CoveredCallCampaign I had call strikes breached on both of these today.
Closed $TQQQ June 29th 62.5 calls for 2.15. Sold for 1.20 last Wednesday.
Sold TQQQ July 6th 59 puts for 1.25 as a partial #StrangleRoll. I will sell call side at new highs.
Stopped $SQ June 29th 63.5 call for 2.23. Sold for 1.60 last Wednesday.
Stopped $SQ July 6th 63.5 call for 2.39. Sold for 1.77 on June 5th.
Stopped $SQ July 6th 63 call for 2.49. Sold for 1.40 last month.
Sold SQ July 13th 60 puts for 1.34 and 1.40, part of a #StrangleRoll. Will sell calls at new highs.
#LEAPs #SyntheticCoveredCall
Sold $PYPL Jul 13th 88 call for 1.44 (against long Jan 2019 100 calls)
#LongCalls #LEAPS – Still trying to work this back to even…almost there. Replacing Friday’s expiration.
Sold CELG JUN 15 2018 80.0/85.0 Bear Call Spreads @ .45
#LongCalls #LEAPS – Early fill this morning…
Bought to Close EWZ JUN 15 2018 37.0 Calls @ .05 (sold for .50)
Sold EWZ JUN 22 2018 35.5 Calls @ .42
#LongCalls #LEAPS – A slow end to the week. Rolled most stuff earlier. One little trade…
Bought to Close OLED JUN 8 2018 100.0 Calls @ .05 (sold for 1.00)
Sold OLED JUN 15 2018 99.5 Calls @ 1.20
On a side note…played golf last Friday and cost myself 4 figures in my TSLA roll. Out on a weekend motorcycle ride starting yesterday and just missed selling EWZ 35 and 40 ITM puts for the inevitable recovery. I still refuse to watch the market every day…but I might start! LOL
Happy weekend!
#LEAPs Selling some puts on weakness. I’m basically strangling these long LEAP and #CoveredCallCampaign stocks… kind of an adjustable strangle after having to roll some breached calls.
Sold $PYPL July 6th 83 put for 1.25
Sold $SQ July 6th 58 put for 1.20
In $SQ I am both long stock for the #CoveredCallCampaign and also long Jan 2019 60 calls for the #LEAPs strategy. So selling short-term calls against both positions.
Today:
Sold SQ June 29th 63.5 #CoveredCall for 1.60
Sold SQ July 6th 65 #SyntheticCoveredCalls for 1.65
#LEAPs Thanks for all the input on my question below. It was very helpful and educational. I elected to TTMAR. I sold my call @ 2630 with QQQ at 175.16, right when the market turned up. Didn’t I once say I was the master of bad timing. Lol
#LEAPs QQQ Question if anyone wants to opine. I bought 1 QQQ Jan 2020 161 Call @ 19.50. I gave up trying to sell calls against it because of the recent uptrend. I kept having to buy them back, adding to my basis which is now about where I started. I have a nice profit in the call and am wondering where to go from here. I see four options. Try to sell another call against it. Close the position and TTMAR. Roll the call up to say the 165 strike. Or do nothing. If I were to sell a call would it be better to go further out or continue the weeklies trying to whittle away the original basis. Thanks in advance for all your opinions and support.
#LongCalls #LEAPS – This was one of my first attempts at this style of trade. With the low weekly premium I’m cutting it loose due to the whipsaw risk vs the potential profit…just not enough premium to sell.
Bought to Close LUV JUN 8 2018 52.0 Calls @ .05
Sold to Close LUV JAN 18 2019 60.0 Calls @ 1.35
Stock moved against me from day 1 but still squeezed out a profit after commissions…LOL. A whopping 8 cents per contract. Better than a loss!
#LEAPs #SyntheticCoveredCalls
Missed the highs at the open, so selling now: $TQQQ June 29th 62.5 calls for 1.20
Options Bistro 