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

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

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)

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

TSLA

#LongPuts #LEAPS – Put side again of my bi-directional position. Let’s see if we can talk this thing down. Rolling one more here…

Rolled TSLA JUN 22 2018 335.0 Put to JUN 22 2018 350.0 Put @ 3.05 credit (8.55 total on this one)

TSLA

#LongPuts #LEAPS – Put side of my bi-directional position. Let’s see if we can talk this thing down. Only rolling one here…

Rolled TSLA JUN 22 2018 335.0 Put to JUN 22 2018 347.5 Put @ 3.50 credit (9.00 total now)