GLD

#PerpetualRollingStrangles – For safety since I’m pretty heavy on the put side…

Bought to Close GLD AUG 18 2017 121.0 Puts @ .25 (sold for 1.15)

GLD adjustment

#PerpetualRollingStrangles – Could Gartman be right? LOL…rolling out short calls and double selling puts until she turns around.

Rolled GLD SEP 15 2017 117.0 Calls to NOV 17 2017 118.0 Calls @ .21 credit

And:

Sold GLD SEP 1 2017 122.0 Puts @ 1.00

This was an additional sale of a full position. Still holding a full position of 121’s for next week with a stop on them at 50 percent of max gain.

TLT GLD

I haven’t been posting any of the #PerpetualRollingStrangles positions but still in them and working. I was getting early exercised a couple times on some DITM TLT. Sometimes as early as 18 days out they were getting tagged. So based on some TT research and trying to maximize P/L per day I’ve been rolling the ITM positions about 3 weeks early and resetting to the 45 day mark. I’ve noticed a huge improvement in daily swings and a nice steady rise in the gains for the positions.

FWIW…

Roll at 21 days

EWW

#PerpetualRollingStrangles – With the latest sale I was actually over sold on the put side by 3:1. Showing weakness today so booking the extras…

Bought to Close EWW AUG 11 2017 54.0 Puts @ .11 (sold for .45)
Bought to Close EWW AUG 18 2017 53.0 Puts @ .12 (sold for .91)

EWW

#PerpetualRollingStrangles – Replacing some Aug 11 and Aug 18 positions that are almost worthless.

Sold EWW SEP 15 2017 55.0 Puts @ .61

WYNN again

Almost a #PerpetualRollingStrangles position but not really. Just a great stock for premium selling…continuing to sell against ITM calls.

The power of the volatility collapse…even though the stock moved 9 or 10 dollars against my short puts was able to get out of them virtually even. Then was able to go out another week and sell into the drop at lower strikes.

Bought to Close WYNN JUL 28 2017 133.0 Put @ 3.20 (sold for 3.30)
Bought to Close WYNN JUL 28 2017 134.0 Put @ 3.80 (sold for 3.81)
Bought to Close WYNN JUL 28 2017 135.0 Put @ 4.80 (sold for 4.29)

So…lost 40 bucks on those all together. I’ll take it out of this:

Sold WYNN AUG 4 2017 130.0 Puts @ 2.45

GLD

#PerpetualRollingStrangles – Another roll going out a month this time…

Rolled GLD JUL 21 2017 121.0 Puts to AUG 18 2017 121.0 Puts @ .31 credit