Tag Archives: RiskReversal

Unknown's avatar Jeff 9:49 am on Thursday, May 18, 2017
Tags: , RiskReversal,   

SPX trades

#SPXcampaign I am selling this rally, even though its strength is unusual for the day after a warning. It is certainly true that the Downside Warning can represent an SPX bottom, so I’m being cautious and ready to manage call spreads if the rally continues.

#RiskReversal: Wish I’d waited to enter this one, but oh well. This was entered at the open and meant to take advantage of possible strong moves down today or tomorrow.
Bought SPX May 24th 2300/2275 put spreads for 2.20
Sold SPX May 24th 2385/2410 call spreads for 2.60

Stopped: SPX Jun 9th 2290/2265 put spreads for 2.80 (this hit my 3.00 stop)
#ReverseRoll Sold SPX May 19th 2370/2395 call spreads for 3.20. Expires Friday afternoon, unless I have to roll it.

Sold to Open $SPX June 15th 2430/2455 call spreads for 1.85, with SPX at 2366.

Unknown's avatar Jeff 9:57 am on Monday, May 15, 2017
Tags: RiskReversal,   

Taking partial profit

#SPXcampaign #RiskReversal

Sold half of my long $SPX call spreads for 5/22. Leaving the other half plus the full position for 5/26 for potentially higher SPX this week.

Sold (half) SPX May 22nd 2410/2435 call spreads for 3.30. Bought for 4.75 on 5/5, but net cost was zero given I sold the put spread for 4.80.

Unknown's avatar Jeff 1:00 pm on Friday, May 12, 2017
Tags: , , , , RiskReversal,   

Options Expiration 5/12/17

#OptionsExpiration #Earnings #RiskReversal #IronCondors #CallButterfly #SPXcampaign

— Expiring w/Max Profit —
NVDA 95 put
SPX 2375/2350 put spreads

— Expiring w/loss —
JAZZ 155/157.5/160/162.5 iron condors, sold for 1.80, .70 loss
PCLN 1925/1950/1975, and 1975/2000/2025 call butterflys

— Expiring worthless —
SPX risk/reversal:  LONG 2410/2430 call spreads, SHORT 2355/2330 put spreads

 

Unknown's avatar geewhiz112 12:01 pm on Friday, May 12, 2017
Tags: RiskReversal   

A Roll, A closed Early and Risk Reversal Follower

Rolled to Keep Hope Train Running
$NVDA BTC 5/12 115 call STO 6/9 120 call @ 2.90 debit

Closed Early
$REGN BTC 5/12 430 put @ .50 Sold for 8.00 Thank you @fuzzballl and I babysat it thanks to you

#riskreversal
Following once more.
$SPX 5/26 BTO 2410/2430 BUCS and $SPX STO 5/26 2340/2365 @ .20 credit

Unknown's avatar Jeff 9:28 am on Friday, May 12, 2017
Tags: RiskReversal,   

Renew my Risk/Reversal subscription

#SPXcampaign I don’t give up easy. This is my fourth #RiskReversal in a row. Learned my lesson this week… since I have been selling a new one each Friday two weeks out, it means I have two R/R’s going at all times. On Monday’s and Tuesday’s record highs, could have sold this week’s and gotten a decent profit. Instead, I waited for a longer and higher rally that never came.

So today, the May 12th r/r expires, I’m sitting on a May 22nd r/r, and now I’ve added this one:

Bought to open $SPX May 26th 2410/2430 call spreads for 3.50
Sold to Open SPX May 26th 2365/2340 put spreads for 3.35.

Rough profit/loss on the strategy so far: ZERO. But the idea is to profit on a strong rally, which has not happened yet (or may not happen at all) during this Upside Warning.

Unknown's avatar Jeff 6:59 am on Friday, May 5, 2017
Tags: RiskReversal,   

SPX, try again…

#SPXcampaign #RiskReversal
Bought to open $SPX May 22nd 2410/2435 call spreads for 4.75
Sold to Open $SPX May 22nd 2375/2350 put spreads for 4.80

A third week in a row where I’m putting a trade out there for a push to new SPX all-time highs. Fortunately, the risk/reversal method means zero losses so far, despite being wrong about the hoped-for rally.

Unknown's avatar john4419 9:56 am on Friday, April 28, 2017
Tags: RiskReversal,   

#SPXcampaign Jeff when you trade…

#SPXcampaign Jeff when you trade a #RiskReversal do you still use the same number of contracts as when placing normal spreads? Is the reason for using a 20×25 spread to achieve the correct cover? Hope I have not confused you.

I tried to comment straight on to your post but it came back as needing approval?

Unknown's avatar Jeff 8:10 am on Friday, April 28, 2017
Tags: RiskReversal,   

SPX risk/reversal

#SPXcampaign I remain bullish based on VIX Indicator Upside signal. Since it is taking its time going higher, I am placing another #RiskReversal which overlaps with my current one expiring May 5th.

Bought to Open $SPX May 12th 2410/2430 call spreads for 3.00
Sold to Open $SPX May 12th 2355/2330 put spreads for 2.90

My other May 5th R/R may expire worthless which will be a small gain since I sold the put spread for more than I paid for the call spread. If we get a surge next week, both R/R’s will profit.

Unknown's avatar Jeff 7:11 am on Monday, January 30, 2017
Tags: , RiskReversal,   

Double down, risk-reversal

#SPXcampaign Considering this pullback as an opportunity. I doubled down on a #LongCallSpread… Bought to Open $SPX Feb 6th 2330/2355 call spreads for .25. Bought the first batch for 1.35 last week. Cost basis now .85.

Then, sold to open SPX Feb 3rd 2245/2220 put spreads for 1.35. This turns the long spreads into a #RiskReversal, reducing my cost to only .30 for a double-sized long spread. If we start to rally into Friday’s job report, the long spread could get back to 2.00 or 3.00. If not, my loss is minimal. Of course, if this is beginning a correction, then it’s not so pretty.

Unknown's avatar Jeff 11:53 am on Tuesday, January 24, 2017
Tags: LongSpread, RiskReversal, ,   

SPX trades, part 2

#SPXcampaign #Rolling #LongSpread #RiskReversal
Sold to Open $SPX Feb 6th 2290/2315 call spreads for 6.70, as a roll from Jan 27th spread stopped earlier. This was a fat-fingered fill. Was trying to enter the order for 7.00 but it didn’t take. I can let this get ATM or even ITM and roll next Monday at the latest.

And for the possibility of a strong push into Friday, I did this Risk Reversal:
BOUGHT to Open $SPX Jan 27th 2300/2325 call spreads for 1.10
Sold to Open $SPX Jan 27th 2260/2235 put spreads for 1.10

If we don’t get the strong push, then I’ll be flat, UNLESS we go down below 2260 instead.

Unknown's avatar Jeff 10:50 am on Wednesday, July 27, 2016
Tags: , RiskReversal,   

Risk Reversals into FB earnings

#Earnings #RiskReversal #ShortStock
To protect my short stock position in $FB, I have opened several risk reversals (selling puts, buying calls). Most were opened today, but a few of the puts were sold in the past. I believe the stock is more likely to move up on earnings. If I’m right, I will lose more on the stock position but take in profits from these options. If I am wrong and it moves down, my position will be closed on Friday via put assignments.

STO $FB July 29th 120, 117, 114, 113, 112, 110, and 105 puts. Total premium collected: 10.05
BTO $FB July 29th 122 call, Aug 5th 126 call, Aug 12th 129 call, Aug 19th 132 call. Total premium spent: 8.94

All my puts expire Friday. The calls expire in the next few weeks.
Haven’t tried this before, but it is an interesting experiment.