#shortcalls
$AAXN STO 8/17 80 calls at 2.25 (covered)
$TWTR STO 7/27 45 calls at 1.90 (covered)
#shortputs
$KEM STO 8/17 27 puts at 1.10
$AAXN STO 8/17 65 puts at 1.45
#longcalls
$AET BTO 8/3 190 calls at 1.75 Thank you @kathycon
Tag Archives: LongCalls
AVGO
#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…
AVGO
#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
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – Another fill on Friday while I was out….a call side roll still prior to earnings…
Rolled TSLA Jul 20 2018 315.0 Calls to Jul 27 2018 315.0 Calls @ 6.15 credit (11.80 total now)
CELG
#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!
LABU NVDA RTN SMH TQQQ
#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
Closed Early CAT AMZN FDX NFLX
#shortputs
Closed Early
$CAT BTC 7/20 135/140 BUPS at 1.82 STO 6/20 at 1.40
$FDX BTC 8/17 210/220 BUPS at .95 STO at 2.15
$NFLX BTC 7/20 360/370 BUPS at 1.20 STO at 3.01
#longcalls
Closed Early
$AMZN STC 7/20 1630/1660 BUCS at 29.80 BTO 6/1 at 16.25
ERX
#LongCalls #LEAPS – Been wanting back in this one so earnings season probably as good a time as any…
5×4 ratio for now since there’s plenty of time left to get it all back…
Bought ERX JAN 17 2020 37.0 Calls @ 10.00
Sold ERX JUL 27 2018 37.5 Calls @ .95
CELG
#LongCalls – The experiment is winding down…adding another little bull put spread for some help. Still would like it back closer to 85 but risk is capped at 86. Looking like it will be an overall small loser but with earnings next week I may try one more trade to get even…LOL
Sold CELG JUL 20 2018 84.5/82.5 Bull Put Spreads @ .27
SPX Campaign / Long SPOT / Closed BA Early
#spxcampaign$SPX STO 7/25 2855/2830 BECS at 2.25 Thank you @jeffcp66
#longcalls
$SPOT BTO 7/27 190/200 BUCS at 2.80 Thank you @kathycon Run SPOT Run!
Closed Early
#shortputs
$BA BTC 7/20 325/335 BUPS at .30 STO at 1.40 Thank you @ramie77 Closed half my position
TNA
#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. 😦
Expiration and Trades
#optionsexpiration
$ROKU Stock taken away at 47.50 Basis 42.60
$TQQQ 60 puts
$AMZN 1600/1620 BUPS
$SPX 2625/2650 BUPS Thank you @jeffcp66
#bitty
$WYNN 167.50/172.50 Lost Max
Catching up on posting
#shortputs
$GOOGL STO 7/23 1105/1115 BUPS at .95
$AVGO STO 8/17 195/210 BUPS at 4.85
$ IQ STO 8/17 35 put at 5.00
$IQ STO 7/20 30 put at .62
$TNDM BTC 7/20 17.5 calls at .10 STO at 1.40
#spxcampaign
$SPX STO 7/25 2725/2750 BUPS at 2.25 Thank you @jeffcp66
#longcalls
$IQ BTO 8/17 35 calls at 3.60
Closed Early
$TSLA BTC 7/20 270/280 BUPS at 80% of max profit Thank you @ramie77
ADSK FAS GLD NVDA OLED
#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…
AVGO
#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
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – Re-loading the call side…
Bought to Close TSLA JUL 13 2018 320.0 Calls @ .12 and .14 (sold for 4.21)
Sold TSLA JUL 20 2018 315.0 Calls @ 5.65 and 5.39
@geewhiz112 Are you still holding…
Are you still holding your position in CLF?
Your previous post was for :
#longcalls
$CLF BTO 7/20 10 calls at .44 and sold twice as many
#shortputs
$CLF STO 7/20 8 puts at .17
FAS
#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 🙂
FAS NVDA OLED
#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
CELG again….
#LongCalls – This is getting old. Big rally today above the 50ma. Rolled iron condor to a (semi) Jade Lizard putting most of the risk below the 50ma now.
Won’t bore you with numbers but rolled the short put side up to the 50ma. Took the credit and rolled short call side up. Call side is now a dollar wide with .40 credit. Put side is wider now so that’s where the risk is.
Plan A:
If it continues rallying I’ll roll the short puts up again to try to get as much of the 60 cent risk as I can.
Plan B:
If it tanks I may close the whole thing and see where I stand. If I’m not satisfied I’ll roll it all into a new 2020 LEAP position since it seems like it’s finally reversing course.
XBI roll and reduce
#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…
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – Re-loading the call side…
Bought to Close TSLA JUL 6 2018 320.0 Calls @ .10 (sold for 5.00)
Sold TSLA JUL 13 2018 320.0 Calls @ 4.21
RTN
#LongCalls #LEAPS – Replacing this week’s…
Sold RTN JUL 20 2018 195.0 Calls @ 1.35
XLY
#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
FB
#LongPuts #LongCalls #LongLEAPStraddles – Had been playing this one from both sides. The bounce today gets the overall position back to zero deltas. Since it’s only out to 2019 this is probably a good place to book it. Call side struggled a little but put side was great.
Sold to Close FB JAN 18 2019 190.0 Calls
Bought to Close FB JUL 13 2018 185.0 Calls
Sold to Close FB JAN 18 2019 160.0 Puts
Bought to Close FB JUL 20 2018 195.0 Puts
All said and done made 83 cents per contract on this wild experiment. (10 lot….5 each side)
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – Gonna have to roll the DITM puts as best I can but at least the call side is back in play. I’ll be using the ratio method for the call side since there’s plenty of premium available. Puts have about $15 dollars of premium in them so far so their basis is around 342 against long 2020 300 LEAP puts.
Rolled TSLA JUL 6 2018 360.0 Puts to JUL 27 2018 357.5 Puts @ .19 credit
Sneaking in a double dip on the call side this week….
Rolled TSLA JUL 6 2018 320.0 Calls to JUL 6 2018 312.5 Calls @ 1.81 credit (6.81 total now)
Adding to PYPL
#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.
AMBA LABU
#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
FAS
#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
CELG saga continues…
#LongCalls #CondorRoll – Of course I was a day early on my CELG sale for next week…LOL. Stock has started out strong today and looks to finally be heading back up (for now). I’ve been lucky so far selling just above this base but figured it would pop out eventually. For safety, I’m rolling the short call spread out a couple weeks to a skewed narrower iron condor. Playing it slightly bullish. I’m now in the expiration month of my long calls so we’ll wait and see where this ends.
To mange it I can roll the untested side (short only probably) for extra premium.
Bought to Close CELG JUL 6 2018 79.5/84.0 Bear Call Spreads @ .94
Sold CELG JUL 20 2018 74.0/77.0/83.0/86.0 Iron Condors @ 1.03
Originally sold the BeCS @ .37 so with the roll credit the condor is worth .46
AMAT FAS GLD LABU NVDA RTN TQQQ
#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
CELG
#LongCalls – It’s been a long time coming but this next sale puts CELG in the green if it works out. Replacing this week’s expiration.
Sold CELG JUL 6 2018 79.5/84.0 Bear Call Spreads @ .37
SPX Campaign / Rolled SPLK / T Puts / NFLX Long Calls / AMZN Supercharger
#spxcampaign
#SPX STO 7/9 2600/2625 BUPS at 1.60
#SPX STO 7/13 2625/2650 BUPS at 3.00
#shortcalls
Rolled
$SPLK BTC 8/17 125 calls and STO 8/17 115 calls for 1.00 added credit
#shortputs
$T STO 1/2019 30 put at 1.55 Thank you @fuzzballl
#supercharger
$AMZN STO 7/13 1600/1620 BUPS at 2.80
#longcalls
$NFLX BTO 7/6 380/390 BUCS at 7.30 Thank you @jeffcp66 and @kathycon
AMBA
#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
EWZ
#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
TQQQ
#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
Stopped Out NFLX Calls / Short Puts NFLX / Closed Early TSLA Short Calls
Been on vacation and hard to keep up with market and all the members here. Probably should shut down while away.
#longcalls
Stopped out yesterday
$NFLX STC 7/20 340 calls at 67.45 BTO 5/23 for 21.
#shortputs
$NFLX STO 7/20 360/370 BUPS at 3.01
Closed Early
#shortcalls
$TSLA BTC 7/20 BECS at 1.00 STO at 2.60 62% of max profit. Stock too volatile to hang onto
AMAT EWW FAS LABU OLED
#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
NVDA
#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)
CELG
#LongCalls – Almost a scratch…replacing this week’s expiration.
Sold CELG JUN 29 2018 81.0/85.0 Bear Call Spreads @ .34
AMBA
#LongCalls #LEAPS – Replacing this week’s expiration. Selling 4×5 ratio…
Sold AMBA JUN 29 2018 44.0 Calls @ .67
FAS
#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…
TQQQ
#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!
Rolling IQ TWTR FB Calls / ALRM Long Calls / ALRM WYNN TQQQ KEM Short Puts / Rolling SQ Puts
#shortcalls
Rolling
$IQ BTC 7/20 25 calls and STO 7/20 40 calls at 11.50 debit
$TWTR BTC 7/20 40 calls and STO 7/20 44 calls at 3.00 debit
$FB BTC 1/2019 190 calls and STO 1/2019 205 calls at 8.50 credit
#longcalls
$ALRM BTO 7/20 40 calls at 1.40 Stock downgraded by GS.
#shortputs
$ALRM STO 7/20 37.50 puts at .85
$WYNN STO 7/13 167.50/172.50 Thank you @kathycon
$TQQQ STO 7/13 80 puts at 2.12 Thank you @jeffcp66
$KEM STO 7/20 24 puts at .80
Rolling
$SQ BTC 7/6 58 put and STO 7/6 65 put for added 1.00 credit
LABU
#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.
#fuzzies #longcalls KR Driving across…
Driving across I76 toward Denver listening to all my rowdy friends have settled down sold Oct. 24 call for 4.95, bought for 2.40,currently unhedged by chance only, KR up big after earnings
AMAT
#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.
GLD
#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
FB
#LongPuts #LongCalls #LongLEAPStraddles #PureProfit – I have no idea how this stock can be so high. I’m not a fan but I will trade it. Working both sides…
Puts:
Bought to Close FB JUN 22 2018 192.5 Puts @ .17 (sold for 5.60)
Out of the 5.60 the last 1.70 becomes #PureProfit in the position. The cost of the LEAP puts has been recovered now. On a 5 lot this should generate some nice income. With earnings coming in late July I’ll continue to sell aggressively.
Sold FB JUN 29 2018 200.0/180.0 Bull Put Spreads @ 2.30 credit. (I expect this to take some heat but that’s alright with call side needing a little pullback).
Calls:
Obviously difficult to stay up with the stock rise on the call side. Using my strategy of rolling up the LEAPS to finance the weekly call roll. This roll is out to just before earnings. Next roll can then be into the high IV of earnings…
Rolled FB JAN 18 2019 180.0 Calls to JAN 18 2019 190.0 Calls @ 6.85 credit
Rolled FB JUN 22 2018 177.5 Calls to JUL 13 2018 185.0 Calls @ 6.57 debit
TRTN TNDM BA Puts / SPLK Roll / IQ Calls SPX Campaign
#shortputs
$TRTN STO 7/20 35 puts at 2.10 Replacing the June expired puts. You go @thomberg1201
$TNDM STO 7/20 17.50 puts at 1.40
$BA STO 7/20 325/335 BUPS at 1.40 Thank you @ramie77
#Shortcalls
$SPLK BTC 8/17 120 calls and STO 8/17 125 calls for 1.50 debit but could gain $5 if called. Rolled several times. Basis at 105.90. Stock at 116.74
#longcalls
$IQ STO 40/45 BUCS at 2.10 Thank you @ramie77
#spxcampaign
$SPX STO 7/20 2600/2625 BUPS at 1.60 Thank you @jeffcp66
OLED
#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
Going long on the pullback
WYNN at key support from Mar 28. Expect short sellers to get squeezed.
BTO Jul13 177.5/192.5 BuCS @ 4.20. STO 172.5/167.5 BuPS @ 1.51
TSLA reaching for $400 and won’t stop
BTO Jul13 380/400 BuCS @ 4.90. STO Jul13 337.5/332.5 BuPS @ 1.37
ISRG tight consolidation pattern from June 5. And I love this stock.:-)
BTO Jul20 490/505 BuCS @ 6.74. STO Jul20 477.5/472.5 BuPS @ 1.65
#longcalls
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
OLED
#LongCalls #LEAPS – Replacing this week’s expiration…
Sold OLED JUN 22 2018 98.0 Calls @ 1.15
EWW
#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
AMBA
#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)
EWZ
#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
TQQQ
#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.
CLF Buy Calls Sell Puts
#longcalls
$CLF BTO 7/20 10 calls at .44 and sold twice as many
#shortputs
$CLF STO 7/20 8 puts at .17
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – Managing the put side today…
Bought to Close TSLA JUN 15 2018 325.0 Puts @ .65 (sold for 17.00)
Sold TSLA JUN 22 2018 335.0 Puts @ 5.50
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – On the subject of TSLA….a few adjustments here playing both sides.
Put side:
Been rolling this week’s short puts aggressively up to at or slightly in the money. Currently short two 325 strike puts for Friday @ 17.00 total premium. This will have 38.20 of the original 64.60 purchase covered with 2020 still a few weeks away 🙂 .
Call side:
Had been rolling weeklies out and up to try to stay out of the way. Today since it looks like TSLA could possibly close above the 200ma I bought to close one of the two weekly calls at 30.00. This gives much better upside now. At some point I can re-sell that call or take it out of the massive put premium received so far. Or…could just add it back in to the LEAPS basis on the call side. I’m leaning towards that since the call side basis had already been reduced by 12 dollars (34 down to 22) with 83 weeks still to run.
Since both sides of the LEAPS were spreads (2 each) I’m considering only selling one weekly against those from now on. This will give much better profit potential in either direction with plenty of time to easily recover the original cost.
CELG
#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
EWZ
#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
OLED
#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!
BABA SQ X WYNN Short Puts / MDT Long Calls Close Early
#shortputs
$BABA STO 6/15 195/202.5 BUPS at 2.08 Added more contracts on Yahoo tender news.
$SQ STO 7/6 58 puts at 1.45 Thank you @jeffcp66
$X STO 6/15 37 put at 1.07 Thank you @jdietz1954
$WYNN STO 7/6 165/170 BUPS at 1.30
#longcalls
$MDT STC 6/15 82.50/87.50 BUCS at 4.25 BTO at 2.40 71% of max profit PLUS peace of mind. 😉
LUV
#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!
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – 2020 position playing both sides (for now). This early in the trade I can afford to be really aggressive. Put side only needs 1.19 per week to be covered a year early. Call side is just 68 cents.
Bought to Close TSLA JUN 8 2018 292.5 Puts @ .85 (sold for 7.15)
Sold TSLA JUN 15 2018 302.5 Puts @ 6.43
Rolled TSLA JUN 8 2018 292.5 Calls to JUN 15 2018 295.0 Calls @ .40 credit
RTN
#LongCalls #LEAPS – This thing is in a squeeze that could go either way. Selling this new batch a couple weeks out and won’t hesitate to roll if deltas become negative. 2020 position that need 66 cents per week to be covered a year early.
Bought to Close RTN JUN 8 2018 217.5 Calls @ .10 (sold for 1.25)
Sold RTN JUN 22 2018 217.5 Calls @ 1.25
FB
#LongPuts #LongCalls #LongLEAPStraddles – Got aggressive with my last put sale so bringing it back in a little. LEAP puts already paid for so a small debit roll down. The pullback is helping the call side though.
Rolled FB JUN 8 2018 195.0 Puts to FB JUN 22 2018 192.5 Puts @ .53 debit
AMBA
#LongCalls #LEAPS – Booking and selling…
Bought to Close AMBA JUN 8 2018 51.0 Calls @ .05 (sold for 1.60)
Sold AMBA JUN 15 2018 44.5 Calls @ .85
Options Bistro 