Options Expiration 11/16/18

#OptionsExpiration A couple of losers this week:

$NVDA 185/180 put spreads, sold for 1.10 yesterday. Decided not to take stock due to heavy margin cost. I’ll get it back by making bullish plays, but wait for a better sign of QQQ and NVDA recovering.

$SPX long 284 calls. Bought for 1.71 average, back in the early days of this correction, where I was believing it would be a quicker “V” shaped October.

Expirations and Trade

Been off the grid for the last two weeks.
Started up again this week.
Glad to be back in the bistro.

$SPX 2745/2755 BUPS Inspired by @jeffcp66. Thank you.
$WTW 72 calls (covered) Still own stock at rock bottom price 😉
$BABA 155 calls (covered)
$AAPL 207.5 calls (covered)
$TWLO 60/83 strangle STO @ 2.23 BTC @ 8.00
$Z 34/47 strangle STO @ 1.50 Will be assigned shares at 34 Basis 32.5

$AMZN STO 11/16 1575/1625 BUPS at 5.50 Thank you @ramie77

Great weekend to all and thanks to all the veterans who served our country.

#optionsexpiration Afternoon. Just a couple…

Afternoon. Just a couple expiring.
NUGT 10/5 14.5 Calls sold @ 0.47
MU 10/5 47.5 Calls Sold @ 0.32

Options Expiration

#OptionsExpiration – Had a few this week…

AMBA 39 Calls (sold for .70)
EWZ 35 Calls (sold for .46)
LABU 98.5 Calls (sold for 2.10)
PYPL 88.5 Calls (sold for .75)
SMH 106.5 Calls (sold for .77)
XBI 97.5 Calls (sold for .80)

Options Expiration 9/28/18

#OptionsExpiration #SPXcampaign

— Expiring —
$SPX 2815/2840/2950/2975 condors, sold for 3.65 on Sep 13th



$BA 340/350 BUCS Thank you @jsd501
$SPX 2815/2840 BUPS Thank you @jeffcp66
$M 36.5 Calls (Covered)
$TNDM 41 Puts Thank you @honkhonk81
$ROKU 71.5 puts Thank you @honkhonk81

#optionsexpiration #pietrades EXPE adding second…


EXPE adding second rung to PIE ladder.
STO the 43 DTE 125 put at 2.90 and still short the 126 from last week at 2.95. Goal with these is to have 3 weeks rolling and as they approach 22 DTE roll them back to 43 DTE. Instead of a weekly #pietrades more like a conveyor belt running from 43 down to 22 DTE. Better premoiums by going out farther, less chance of going ITM, less adjusting, and less gamma risk. Experimenting with a few names based on the Tasty trade research of 45-22 DTE as the best decay rates for OTM options. Currently selling the delta 30 option if trending up on 4 hour chart and more like a delta 20 if pulling back.

TQQQ lot 1 65 CC rolled out 22 DTE for 1.15 credit. Cost basis now 62.05.
LNG lot 1 66 CC rolled out 15 DTE for 0.44 credit. Cb now 64.23
TQQQ lot 2 65.5 cc rolled out 22 DTE for 0.75 credit. Cb now 62.40

LNG 50/66.5 LEAP rolled out 15 DTE for 0.68 credit. Cb now 18.57

LNG lot 2 cc may try to roll tomorrow or just let call out depending on what market does.

Have a good week, have 2 days off, going outside to bike 60 miles.

Whiz must need more subscribers to pay for a new boat, just received FXI BCS 44/43.5 Oct 12 for 0.27. Not taking it but know some of you follow him.