fuzzballl 10:26 am on Friday, August 17, 2018
Tags: CoveredCalls ( 2,200 ), LEAPS ( 418 ), LongCalls ( 495 ), PureProfit

ADSK AMAT GLD PYPL RTN WTW

#LongCalls #LEAPS #CoveredCalls – Not a bad week for selling. Can’t wait until these are all (or most of ’em) #PureProfit. ADSK and PYPL weeklies are finally out of the money so selling can resume on them.

ADSK:

Bought to Close ADSK AUG 17 2018 132.0 Calls @ .05 (sold for 1.52)
Sold ADSK AUG 24 2018 134.0 Calls @ 3.00 (ratio’d for earnings next week)

AMAT

Sold AMAT AUG 31 2018 45.0 Calls @ .42 (replacing this week’s expiration that was sold for .87)

Earnings sucked so selling carefully now….

GLD:

Bought to Close GLD AUG 17 2018 116.5 Calls @ .01 (the rest of the partial from yesterday sold for .50)

PYPL:

Bought to Close PYPL AUG 17 2018 85.5 Calls @ .05 (sold for .36)
Sold PYPL AUG 31 2018 86.0 Calls @ .85
Sold PYPL SEP 7 2018 87.0 Calls @ .79

RTN:

Sold RTN AUG 31 2018 202.5 Calls @ 1.10 (still squeezing so ratio’d at the 200ma resistance)

WTW:

Sold WTW AUG 31 2018 73.0 Calls @ 1.15 (double selling covered calls with a stop on next week’s)

fuzzballl 10:39 am on Friday, June 22, 2018
Tags: LongLEAPStraddles ( 27 ), PureProfit

TSLA

#LongLEAPStraddles – On the little bounce got the puts rolled and the new call sold. Unfortunately was very aggressive on the put sales but they are pretty easy to roll while storing some nice premium.

Rolled TSLA JUN 22 2018 367.5 Put to JUL 6 2018 360.0 Put @ .85 debit (total premium now 14.55)
Rolled TSLA JUN 22 2018 350.0 Put to JUN 29 2018 345.0 Put @ 1.90 credit (total premium now 10.45)

Selling against wide bear put spreads in 2020. To give it some more downside breathing room I’m closing one of the shorts in 2020 at a small profit. Will do the same on the call side if we pull back a little further.

Bought to Close TSLA JAN 17 2020 200.0 Put @ 29.60 (sold for 31.52) This becomes part of the basis now…

And finally:

Sold TSLA JUN 29 2018 360.0 Call @ 3.15

#pureprofit

fuzzballl 8:07 am on Wednesday, June 20, 2018
Tags: LongCalls ( 495 ), LongLEAPStraddles ( 27 ), LongPuts ( 144 ), PureProfit

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

fuzzballl 2:12 pm on Saturday, June 2, 2018
Tags: LongCalls ( 495 ), LongLEAPStraddles ( 27 ), LongPuts ( 144 ), PureProfit

FB

#LongPuts #LongCalls #LongLEAPStraddles – A couple trades I didn’t get a chance to post. Similar to TSLA, I’m playing this both directions. I’d like to see a pullback so I’m making a couple very bullish trades…LOL.

Calls:

On the call side adjusting everything up to get the short calls more rollable and back in play. If I can get the short calls to expire at some point the LEAPS have 7.10 gains in them along with another 6.95 of weekly premium so far.

Rolled 170 long LEAPS up to 180 @ 7.10 credit
Rolled 170 short weekly calls up to 177.5 @ 7.15 debit (and rolled out one week to Jun 22nd)

Puts:

Rolled short weekly puts up again. Aggressive roll here to in the money and near all time highs (gulp!)

Rolled 187.5 short puts to 195.0 puts @ 2.17 credit. (total credit on this batch now 6.12)

Of the 6.12 credit on these current short puts the last 2.22 is my first #PureProfit with 32 weeks still to run on a 5 lot…

fuzzballl 11:34 am on Wednesday, May 9, 2018
Tags: LEAPS ( 418 ), LongCalls ( 495 ), PureProfit, SyntheticStock ( 356 )

LUV

#SyntheticStock #LongCalls #LEAPS – If next week’s 53.5s expire I’ll officially have the core synthetic cost of 5.52 covered. That will leave the max loss of 2.50 to take care of. Since I’m not sitting at max loss yet I’m converting to plain long #LEAPS and saving .65 of recovery that would be required.

Bought to Close LUV JAN 18 2019 60.0/57.5 Bull Put Spreads @ 1.85 (better than 2.50!)

So….the new projections are this on one of my first ones to approach the land of #PureProfit .

Averaging 45 cents per week conservatively the final debit (max loss) will be covered by June monthly expiration. At that point the position will still have 31 weeks to run. From there on, assuming 45 cents per week until the end, the trade should make about 14 dollars. On a 10 lot that’s a pretty good return on something that could possibly end up well below the original starting point. This is the power of basis reduction (I hope!)

🙂 🙂

fuzzballl 7:10 am on Thursday, April 19, 2018
Tags: PureProfit, SyntheticStock ( 356 )

OLED

#SyntheticStock – An old “earnings gone bad” repair trade that might actually turn into a nice winner…needs 99 cents per week. Earnings May 3rd so staying aggressive until then.

Bought to Close OLED APR 20 2018 103.0 Calls @ .10 (sold for 1.58)

Sold OLED APR 27 2018 100.0 Calls @ 1.40

#pureprofit