Long Calls URI / SPX Campaign / Short Puts / Rolling / Expiration

$URI BTO 9/21 165/180 BUCS for 7.00
$SPX STO 5/18 2510/2535 BUPS at 1.70 Thank you @jeffcp66
$SPX STO 4/25 2665/2690 BUPS at 4.60 Thank you @jeffcp66 Better luck this time.

$SKX STO 4/27 31 put at 1.00 Thank you @honkhonk81 Falling Shoe Trade
$URI STO 5/4/2018 160/165 BUPS at 1.40

$SCHN BTC 4/20 36 put and STO 5/18 36 put at .30 added credit
$MZOR BTC 4/20 70 put and STO 5/18 70 put for added .70 credit

$NFLX 340/335 BECS
$SPX 2795/2770 BECS Thank you @jeffcp66
$TSLA 305/300 BECS more than offset by
$TSLA 295/300 BUPS Missed the tail on the donkey with pinning! ;-}
$FB 170/175 BUPS Total Loss
$NKTR 90/100 Total Loss
$FB 135/145 BUPS
$NFLX 275/280 BUPS
$NFLX 260/270 BUPS
$SPX 2665/2690 BUPS Big Loss but not Total but still BIG OUCH! Will I ever learn?
$CAT 125/135 BUPS
$AMZN 1360/1390 BUPS
$GOOGL 1030/1035 BUPS
$FB 140/150 BUPS
$ALGN 230/240 BUPS
$WHR 120 put Thank you @ramie77
$SIG 35 put Thank you @optioniceman
$TWTR 31 put
$MSFT 92.5 put
$RIG 10 put

Options Expiration for Apr 20

$AMZN 1450/1400 BuPS
$AMZN 1360/1370/1620/1630 IC
$APA 32.50 puts
$BA 310/320/345/355 IC
$BA 310/300 BuPS
$CAT 140/130 BuPS
$DUST 35 calls
$FB 162.50/152.50 BuPS
$HSIC 62.50 puts
$KOLD 55 calls
$MA 120 puts
$NFLX 260 puts
$OLED 90 puts
$QQQ 155 puts
$QQQ 156 puts
$REGN 300 puts
$SPY 263/251 BuPS
$TSLA 325/335 BeCS
$TSLA 327.50/342.50 BeCS
$UVXY 20/30 BeCS

Expiring for full loss. Will look to re-establish after earnings:
$FB 175/170 BuPS

Last minute roll: $KR Apr 20 25 puts out to May 18 25 puts for .42 credit to avoid assignment.

$QRVO 72.50 puts–going long stock. I meant to roll this but I lost track of it this afternoon. Will sell calls against it next week.
$CYBR 50 covered calls–stock being called away
$X 40/36 inverted strangle–with the stock finishing at 36.65, I’m being assigned on both sides–5.90 credit taken in so a 1.90 overall profit.

Have a great weekend everyone.


#optionsexpiration Did not have time…


Did not have time to post yesterday (it was windy and warm and I had the day off so kiteboard season officially started Thurs).

XBI BTC 81 puts for 0.3 sold for 1.02 last week.

UTX BTc the 21 DTE 122/131 strangle for 2.49. Sold for many rolls for 2.5 so basically a scratch, wanted to free up the capital to use somewhere else. This was just wasting time and had already rolled 3 times and earnings coming up so just wanted out.

NSC btc 14 DTE 127/141 strangle for 2.8. Sold for 3.63 so same situation as UTX, just wanted the money to use somewhere else.

ERX #fuzzy ran away to the upside so closed for a slight profit. I lost track of the math since I had rolled it but bottom line is I gained back a little more than I put in. Closed for 6.6 and I think I had 6.22 in the trade.

FAS this week 64 cc rolled to next week for 1.25 cb 60.63
FAS this week 65 cc rolled next week for 1.2 credit. cb 58.17
FAS this week 67 cc rolled to next week 65 cc for 1.02 cb 64.11

LNG cc assigned at 54 cost basis 53.27.

Opened TNA ATM cc for next week at 69 for 67.55.

A few observations with all the whipsawing in the market. The leveraged products are easier to roll because of the higher premiums. Even though most of the FAS trades were underwater in 2 weeks that are all back to break even or profitable.

The deep ITM vertical debit spreads #supercharger work very well and easy to convert to #fuzzy if they need adjusting.

#pietrades are still my bread and butter but as @fuzzballl pointed out below, I am also moving towards more ETFs than single names. But they have to be on higher volatility names or the premiums are not there. XBI, FAS, ERX, TNA, TQQQ, UPRO, SMH, UDOW, QQQ, SPY, DIA are all trading well at the moment and I will be focusing on the names that work more consistently and actually require less work. My GM trade has taken 8-9 weeks to break even. ERX was down way more and only took 2 weeks of rolls to break even.

Going with the KISS principle going forward. Finally made back 6k of the SVXY losses in those accounts but still a long long way to go 😦

Spring here as well, 60 mile bike with friends this morning now going out to mow the lawn. Hope everyone gets to enjoy the weekend. Have a few trades lined up for Monday but depends on how we ope with Syria news.

Options Expirations

$SPX 2625/2650 BUPS Thank you @jeffcp66
$SPX 2575/2600 BUPS Thank you @jeffcp66
$SPX 2720/2710 BECS Thank you @jdietz1954

Everyone have a great weekend. Playing golf first time this year out on Long Island.
A beautiful day to go with a wonderful Bistro. Thanks to all.


#OptionsExpiration – Actually had a couple today….

AZO 640/670 BeCS (sold for 2.65)
OLED 103 Calls (sold for 1.95)

#optionsexpiration $SPX 2750/2725 BECS Thank…

$SPX 2750/2725 BECS Thank you @jeffcp66

Closed Early
$SPX BTC 4/13 2745/2720 BECS at .40 STO at 3.50 Thank you @jeffcp66
$AMZN BTC 1610/1600 BECS at .20 STO at 1.14 as part of IC Thank you @thomberg1201
$FB BTC 4/20 170/162.5 BECS at .88 STO at 2.00
$FB BTC 4/20 190/180 BECS at .20 STO at 1.15

$TQQQ STO 9/21 80 put at 6.80 Thank you @jsd501

Expiration /Rolled LABU CC / AMZN IC / Close Early BIDU BECS / FB BUPS

$SPX 2500/2525 BUPS Thank you @jeffcp66

$LABU BTC 3/29 90 calls STO 4/13 87 calls for 2.14 credit
$AMZN STO 1180/1190/1610/1600 IC for 1.95 Thank you @thomberg1201
$FB STO 4/20 135/145 BUPS at 1.85

Closed Early
$BIDU 4/20 290/280 BECS at .15 STO at 2.05