VRX

#LongCallDiagonals – Trying to take my lessons learned from AMZN and GOOGL. This thing is coming out of a daily squeeze and maybe just getting started. Rolling front month out and up early…this picks up about 100 deltas on the overall position.

Rolled VRX JUL 21 2017 16.0 Calls out and up to AUG 18 2017 18.0 Calls @ .03 debit

Still long Jan 2019 10 calls and short Jan 2019 7.5/5.0 Bull put spreads…

GOOGL identical to the AMZN trade

#LongCallDiagonals – Long term diagonal (Whiz style trade) is pretty much dead money now so booking it. With the near vertical rise in this thing the short term call got away from me. So far ITM now that profit is basically capped on the LEAP call. After rolling the LEAP call up a couple times to reduce risk, I’m closing the whole thing except the Jan 2019 500/400 BuPS which I’ll close if I ever need the buying power. Ideally we get a pullback to start all over again.

Bought to Close GOOGL DEC 15 2017 900.0 Call @ 110.65
Sold to Close GOOGL JAN 18 2019 850.0 Call @ 194.70

After roll ups of LEAP call basis was down to 31.00 and front month sales brought in another 13.9 points.

When it’s all said and done a net gain of 66.95. Worked pretty good but having that front month call in the way really hurt. Next time I’ll be more aggressive getting out of the way. Of course, who could’ve seen a 250 point six month run coming…wow!

AMZN

#LongCallDiagonals – Long term diagonal (Whiz style trade) is pretty much dead money now so booking it. With the near vertical rise in this thing the short term call got away from me. So far ITM now that profit is basically capped on the LEAP call. After rolling the LEAP call up a couple times to reduce risk, I’m closing the whole thing except the Jan 2019 500/400 BuPS which I’ll close if I ever need the buying power. Ideally we get a pullback to start all over again.

Bought to Close AMZN DEC 15 2017 865.0 Call @ 167.20
Sold to Close AMZN JAN 18 2019 850.0 Call @ 239.1

After roll ups of LEAP call basis was down to 30.75 and front month sales brought in another 38.7 points.

When it’s all said and done a net gain of 79.85. Worked pretty good but having that front month call in the way really hurt. Next time I’ll be more aggressive getting out of the way. Of course, who could’ve seen a 300 point six month run coming…wow!

AMZN and GOOGL

Actually needed a pullback in these things. Short calls in the #LongCallDiagonals trades were super DITM. Another 50 bucks would help even more…

EWZ

#ShortCalls – Bought to Close EWZ JUN 16 2017 37.0 Calls @ .03 (sold for .65)

These were sold against July Bull Put Spreads. I’ll be looking to sell ’em again somewhere…

#ira, #longcalldiagonals

EWZ

#LongCallDiagonals – Bunch of calls sold in various positions…closing one batch and re-selling.

Bought to Close EWZ JUN 16 2017 37.5 Calls @ .03 (sold for .56)
Sold EWZ JUL 21 2017 36.5 Calls @ .56

JPM

#LongCallDiagonals – Killing time lowering basis. Getting more aggressive with front month after breaking support…

Bought to Close JPM JUN 2 2017 86.0 Calls @ .01 (sold for .60)
Sold JPM JUN 16 2017 83.5 Calls @ .75