Closed Early Short Puts / SVXY Strangle / Rolled Short Puts

Closed Early
$CREE BTC 12/15 35 put @ .05 STO @ 1.50
$OSTK BTC 12/15 30/40 BUPS @ .05 STO @ 1.82
$BABA BTC 12/15 170/180 BUPS @ 3.00 STO @ 1.15

$SVXY STO 6/15/2018 85/160 @ 17.85

$MZOR BTC 12/15 60 put STO 1/19/2018 put at additional 1.50 credit


#ShortStrangles – I don’t think it’s going to zero so balancing out my 500 and 510 short calls…

Sold TSLA JUN 15 2018 180.0 Put @ 1.95


#ShortStrangles – Short term but aggressive. Counting on the 100ma and the all time highs to contain this. This is also a couple weeks before next earnings…

Sold ISRG JAN 12 2018 350.0/400.0 Strangle @ 6.00


#ShortStrangles – I tried doing one of these in ISRG yesterday but couldn’t get a decent fill. I definitely agree with @smasty ‘s view on the market makers in ISRG. They’ll squeeze you for every penny. So..I’m stealing one of her tickers that looks interesting with decent premium. My first time in this one as far as I can remember.

Going out a few weeks but definitely before next earnings…

Sold NTES JAN 5 2018 315.0/425.0 Strangle @ 5.50


#ShortStrangles – Won’t stop going up. Still no luck getting any stock so let’s go extreme. If I can get stock then I can work on rolling the calls up. In fact looking at spending some of this premium to roll the DITM calls up 5 points. That would leave the position at 170/140 inverted with about 28 dollars of premium received.

Bought to Close WYNN DEC 15 2017 160.0 Puts @ .53 (sold for 6.85)

Sold WYNN DEC 22 2017 170.0 Puts @ 6.03


#ShortStrangles – Getting weak this afternoon so going ahead with the roll for another week. Still selling against DITM short calls. Raising basis on those. Another one I’ve been in all year just rolling around so let’s call it a #PerpetualRollingStrangles now. It’s in third place YTD trailing only TLT and NVDA in this account. Up 100 percent on margin. Overall SVXY and UVXY near the lead too as usual.

Rolled WYNN DEC 8 2017 160.0 Puts to DEC 15 2017 160.0 Puts @ 1.60 credit


#ShortStrangles #ReverseRolling – Screwed the pooch on my roll to inverted by being impatient so reverse rolling calls into low risk put spreads for a credit. Going directional since it’s one I wouldn’t mind trading around for awhile. Went inverted on the original strangle WAY too early.

Rolled WDC DEC 29 2017 79.5 Calls to JAN 19 2018 85.0/80.0 Bull Put Spreads @ .43 credit.

This is another one of those where it doesn’t really matter to me how low it goes. With 3.80 of accumulated premium on the 5 wide spread the worse case scenario is owning the stock at a basis only 1.20 above where it happens to be at expiration…(as long as I book the long put gains late on expiration day and let the shorts get exercised)

Still holding short 82.5 puts from original strangle….