#OptionsExpiration – turned out to be a good one. Could have been better if I had not closed some AIG and CPB puts early, but still good.
I was really pleased to see my CPB stock get called away after less than a month. Still short CPB Aug 35 and Nov 31/30/29 puts so I hope it keeps moving.
Done with T, GE, JNJ and LB for now. I have more rungs on my CELG #OptionLadder.
— Expiring —
T 06/15/2018 30.00 Puts – made $122
CELG 06/15/2018 75.00 Put – made $177
GE 06/15/2018 13.00 Puts – made $112
JNJ 06/15/2018 117.00 Puts – made $105
LB 06/15/2018 30.00 Put – made $159
— Assignments —
CPB 06/15/2018 37.00 Covered Calls – exiting after a big run this week. YEAH!!
SWN 06/15/2018 5.00 Covered Calls – exiting at a nice gain
OLED 06/15/2018 101.00 Put – back into 100 shares that I sold earlier this week
SVXY 06/15/2018 13.00 Covered Calls – attempted to roll up/out but failed yet again.
$CPB #OptionLadder – Sold CPB 11/16/2018 29.00 Put @ 1.30. You could probably do better now
$CPB #OptionLadder – Sold CPB 11/16/2018 30.00 Put @ 1.25
$CELG #Fallingknife #OptionLadder – Sold CELG 08/17/2018 65.00 Put @ 1.25.
STO UTX 25 DTE 126 put at 1.13. Good support at 129 and 125.
#pietrades, #optionladder, and #spycraft
Spent last hour looking for trades this week after finishing taxes :). Not much in the way of #pietrades for the week, everything is extended and the decrease in vol sucked out some of the juicy premiums.
The best I can find is the BIB 62-63 CC depending on how aggressive you want to be. Other option is the put side but have to stay close to the money to get any good premium.
Also looking and ANDV (the old TSO) around the 100-103 level either CC or puts, your choice they are at parity.
GM assigned over the weekend, will sell 39 CC a few weeks out. Cost basis 39.3.
LNG already set up for Friday at the 55 CC.
With that in mind, may go out 26 DTE today 25 tomorrow and set up some ladders to give some more downside protection. Bunch of tickers there, AMGN, ANDV, CVX, MAR, MON, NKE, NSC, UNP, PSX, UAL, VLO, XBI. The 20 delta puts all have good premiums on these and don’t mind taking some shares if assigned.
#spycraft on hold. Looking back the last several weeks, the expected move on SPX/ES/SPY has been exceeded 3 out of the last 5 weeks both to the up and down side. That means the options are not priced correctly, we are not making enough for the risk. Once the pricing is back in line, or the vol. is higher to reflect the movement of SPY will restart. Also going forward will manage by buying in between the strikes if it looks like the short strike will be breached. See previous discussions for the specifics.
Hope everyone had a good weekend!
Will decide what to do with some of these trades at lunch time tomorrow.
$SVXY #ShortPuts #IRA – extending an existing #OptionLadder
Sold 1 SVXY MAR 16 2018 60.0 Put @ 1.50
Sold 1 SVXY MAR 23 2018 60.0 Put @ 2.05