NVDA

#SyntheticStock -Been waiting for some sort of a pullback to get in this long term Whiz style (although he prefers the #LongCallDiagonals for some reason).

Sold NVDA JAN 17 2020 190.0 Puts @ 37.75
Bought NVDA JAN 17 2020 190.0 Calls @ 43.70

Adding tight disaster puts. If it implodes I’ll roll this down and re-invest the profits back into more longs.

Bought to Open NVDA JAN 17 2020 185.0 Puts @ 35.05

This gives a net debit of 41.00 for the Jan 2020 position. Add the 5 point max downside and get a max loss possibility of 46.00. Based on that, and the 110 weeks remaining in the trade I only need to average about 42 cents per week in sales to cover the absolute worst case scenario. And…NVDA has great weekly premium.

Sneaking my first sale in this week to cover the small DIS loss:

Sold NVDA DEC 8 2017 195.0 Calls @ .48

BIDU Whiz style

#SyntheticStock -Been waiting for some sort of a pullback to get in this long term Whiz style (although he prefers the #LongCallDiagonals for some reason).

Sold BIDU JAN 17 2020 250.0 Puts @ 42.47
Bought BIDU JAN 17 2020 250.0 Calls @ 49.41

Adding a tight disaster put. If it implodes I’ll roll this down and re-invest the profits back into more longs.

Bought BIDU JAN 17 2020 240.0 Puts @ 37.17

This gives a net debit of 44.11 for the Jan 2020 position. Add the 10 point max downside and get a max loss possibility of 54.11. Based on that, and the 112 weeks remaining in the trade I only need to average about 48 cents per week in sales to cover the absolute worst case scenario. And…BIDU has great weekly premium.

So:

Sold BIDU DEC 1 2017 250.0 Calls @ 1.95

#ira

VRX

#LongCallDiagonals – Stubborn stock just wouldn’t come back so rolling…

Rolled VRX NOV 17 2017 14.5 Calls to DEC 1 2017 15.0 Calls @ various fills from .10 – .14 credit

Picking up another 60 to 64 cents of upside…

SQ is a monster

#LongCalls I didn’t post this (sorry) because it’s not my usual forte to buy calls, but on Nov 7th…

Bought two (2) $SQ March 50 calls for .85. They are trading at 3.50 today. I have been trying to add some other calls, and maybe even some #LongCallDiagonals but I never get any kind of pullback.

In the same vein, and for the same reasons (I think mobile pay is the future) I also

Bought two (2) $PYPL April 90 calls for .65 on Oct 26th. Also up but not as much as Square.

I don’t think either are done going up, but it would be nice to have an entry opportunity.

Boring day so step right up!

Options question on a Whiz trade from this morning. What is wrong with this? I’ll post my reply to him at the close today…LOL For the record, I DID NOT take the trade for a few reasons. Trade is a #LongCallDiagonals with protective put. He says max loss is around $5500 for 10 contracts…Hmmm

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New XOM long call diagonal w/protective put 10 contracts

Initial trade:

Buy Jan 2020 65 calls & 65 puts @ 20.75 debit

Weekly sale:

Sell Dec 1 2017 83.5 calls

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AMD

Possible #SyntheticStock or #LongCallDiagonals out to 2020.

Not a big fan of their products but seems pretty low risk at synthetic 12 with disaster put at 10. After this big drop it might grind around for awhile allowing pretty aggressive weekly sales before it heads back up (or down…LOL)

MGM

#SyntheticStock #LongCallDiagonals – Rolling up and out to the monthly picking up another .61 of upside.

Rolled MGM NOV 10 2017 31.5 Calls to MGM DEC 15 2017 32.0 Calls @ .11 credit