#LongCalls #LEAPS – This is turning into one of my more interesting positions. Started out as a blown out earnings strangle and then became a covered call position. To free up cash the stock was rolled into 2021 LEAP calls at the 50 strike. Throughout the entire ordeal I’ve managed to stay pretty close to even but unable to get all the way there. Still not bad when considering it all started up around 80 and the stock is below 48 now.

It’s trying to find a bottom or could be setting up for another leg down. As long as it’s grinding sideways, I’ll keep hammering the weekly sales right at the money with great premium. This could end up being a longer term hold. Starting to see a lot of potential considering all the premium brought in so early in a 2021 position…

These are non ratio’d full sales that I will roll at the first sign of negative deltas. Otherwise keep selling.

Bought to Close WTW DEC 14 2018 49.5 Calls @ .05 (sold for 1.15)
Sold WTW DEC 28 2018 48.5 Calls @ 1.85

That’s it for me this week (I think ). Another pretty good week of selling with the elevated volatility…


#LongCalls #LEAPS – Next week’s naked 120’s look pretty safe so doubling up with spreads since it’s an IRA.

Sold WYNN DEC 28 2018 115.0/125.0 Bear Call Spreads @ 1.20


#LongCalls #LEAPS – Slowly but surely…

Bought to Close RTN DEC 21 2018 185.0/195.0 Bear Call Spreads @ .04 (sold for .73)


Possible #LongCalls #LEAPS entry here. Trying to bottom and you could cover over 10 percent of LEAPS cost in the first week…


#LongCalls #LEAPS – Another good week in this one. Not getting sold too hard anymore but not rallying either.

Bought to Close SMH DEC 14 2018 95.0 Calls @ .05 (sold for .82)
Sold SMH DEC 21 2018 94.5 Calls @ .58


#LongCalls #LEAPS – In an IRA so rotating back and forth between spreads and naked to be able to overlap these by a few days. Next week’s spreads are safe so adding…

Sold XBI DEC 28 2018 82.5 Calls @ .51


#LongCalls #LEAPS – Slow day today…finally. 🙂 🙂

Bought to Close EWW DEC 21 2018 43.5 Calls @ .05 (sold for .40)
Sold EWW JAN 4 2019 42.5 Calls @ .36