Final trade & expirations

#Earnings #Rolling I have not managed $OLED well at all since getting slammed on earnings. I’m actually not too far in the hole so sticking with 1-lots:
BTC $OLED June 15th 115 put for 21.75. Sold for 19.00 last month.
STO July 6th 100 put for 7.60
STO July 20th 110 put for 16.80.

#OptionsExpiration
Only one winning expiration:
$GUSH 45 call, sold for 1.05 in April, #ContangoETFs

These expired as losses:
$SPX long June 15th 2825/2850 call spreads, bought for .75, avg price, #SPXCampaign
$VXX long 30 puts, bought for 1.17, avg price
$VXX long 25 put, bought for .21
$AMBA long 50 call, bought for 3.90, #LongCalls

Also, hedges expiring (partially replaced with #VXXGame trades yesterday):
$UVXY 60 calls, bought for .69, avg price

FAS

#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

TNA

#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.

AZO

#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

RTN

#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)

CELG

#LongCalls – Almost a scratch…replacing this week’s expiration.

Sold CELG JUN 22 2018 80.5/84.5 Bear Call Spreads @ .30

GLD

#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