#ShortStrangles – Not liking the way this one is acting. It might bounce here…or not. Taking a tiny winner.
Bought to Close NTES JAN 26 2018 325.0/400.0 Strangle @ 5.48 (sold for 6.20)
Tag Archives: ShortStrangles
ISRG
#ShortStrangles – Last time I got involved with this one it was screaming higher but worked out ok. Looks like I’ll be rolling this into an earnings trade. Big roll of short put to try to corral this thing.
Rolled ISRG JAN 12 2018 400.0 Put to JAN 12 2018 425.0 Put @ 8.60 credit
Position is now 425/400 inverted @ 25.95 for Friday.
Anything between the strikes is a small winner…but with all the premium I’ll probably roll to earnings week and see what happens.
ISRG
#ShortStrangles – Going straddle for Friday.
Rolled 370 put up to 400 @ 8.60 credit.
Now sitting at 400 Straddle @ 17.35
Breakeven from 382.65 to 417.35
ISRG
#ShortStrangles – Earnings not for 2 more weeks but IV still hanging in there this week for some reason. Squeezing the strangle in a little for additional premium. Expires Friday…
Rolled 350 put to 370 for 2.75 credit.
Now sitting at 370/400 @ 8.75
AVGO call added
#ShortStrangles Sold another $AVGO Feb 16th 290 call for 3.75. Why do I get the feeling I will have to roll it?
strangling AVGO
#ShortStrangles Sold $AVGO Feb 16th 290 call for 3.25.
Sold (2) 250 puts for 5.85 last week… now making this a strangle. Will add another 290 at a higher price to balance the quantity.
WYNN
#ShortStrangles and #PerpetualRollingStrangles – Finally pulling back so pairing my short puts up with the 140 strike calls. 30 points inverted with 27.20 premium received all together. Goal now is to start squeezing the inversion in a little or with enough of a pullback roll the calls up and take stock at a 142.80 basis.
Rolled WYNN JAN 5 2018 170.0 Puts to JAN 19 2018 170.0 Puts @ .40 credit
SPX Campaign / AVGO Short Strangle / NFLX Covered Call /NFLX Close Early
#spxcampaign
$SPX STO 2/2 2775/2750 BECS @ 1.50 Thank you @jeffcp66
#shortstrangles
$AVGO STO 2/2 250/290 Strangles Thank yo @jeffcp66 and @fuzzballl
#coveredcalls
$NFLX STO 2/5 205 Calls @ .98 Will it hang on?
Sold Early
$NFLX BTC 1/19 160/175 BUPS @ .20 STO @ 2.70
(Almost) Can’t win with $RH
#ShortStrangles It is fitting that after weeks of being blown out to the upside that my short PUTS go ITM on the day of expiry. This started as a Sept 8th 38/64.5 #Earnings strangle. I’ve been rolling out the call side ever since, and now finally ending the trade with trouble on the put side.
Even though I’m closing the 90’s at a small loss, the 85 was profitable and 110 calls also closed for .05. This puts me barely in the green on $RH so I’m walking away. I will be back next earnings. Love the challenge.
Closed $RH Dec 29th 85 put for .10. Sold for 1.65 on 12/6.
Closed $RH Dec 29th 90 puts for 2.65. Sold for 1.25, avg price.
AVGO
Thanks @Jeff ….I’ll join in with a #ShortStrangles . Worked nicely last time.
Sold AVGO FEB 2 2018 250.0/290.0 Strangle @ 5.00
NTES
#ShortStrangles – Instead of venturing back into NVDA, (still have the #SyntheticStock in a different account) going with one that worked nicely last time and is having a nice down move today. This sale should be well before earnings…
Sold NTES JAN 26 2018 325.0/400.0 Strangle @ 6.20
NVDA
#ShortStrangles – This one has been a little bit of a hassle. Started as a strangle then became a straddle and then an “inverted calendar”. Picking up nice premium all along so booking and looking to re-center just prior to earnings.
Bought to Close NVDA DEC 29 2017 195.0 Call // JAN 12 2018 197.5 Put @ 7.40 (sold for 11.15 total premium)
AAOI
#ShortStrangles – Still selling…
Bought to Close AAOI DEC 29 2017 41.0 Calls @ .05 (sold for .85)
Sold AAOI JAN 12 2018 40.0 Calls @ 1.10
NVDA
#ShortStrangles – Been selling these against Jan 197.5 puts. Killing time until earnings gets here.
Rolled NVDA DEC 22 2017 192.5 Call to DEC 29 2017 195.0 Call @ 1.02 credit.
WYNN
#ShortStrangles and #PerpetualRollingStrangles – Still selling against Jan 140 strike DITM calls. I may take stock closer to Jan expiration but still just premium collecting for now.
Rolled WYNN DEC 22 2017 170.0 Puts to JAN 5 2018 170.0 Puts @ 1.75 credit
Total credit on these now up to 8.60 and total credit sold against the calls now up to 26.80. The goal will be to get a nice roll up of the calls into earnings with another nice put sale to go along with it. Could close the whole thing for a scratch but trying to keep most of it as the calls get rolled up.
LRCX
#ShortStrangles – Booking it and looking to re-center and re-sell just before earnings.
Bought to Close LRCX JAN 12 2018 160.0/200.0 Strangle @ 1.03 (sold for 4.30)
NTES
#ShortStrangles – Booking it and looking to re-center and re-sell just before earnings.
Bought to Close NTES JAN 5 2018 315.0/425.0 Strangle @ 1.20 (sold for 5.50)
EWZ
#ShortStrangles – Taking another one off at close to min….
Bought to Close EWZ JAN 5 2018 37.0/43.0 Strangles @ .11 (sold for .82)
AVGO
#ShortStrangles – Bought to Close AVGO DEC 29 2017 250.0/290.0 Strangle @ .30 (sold for 3.10)
ADSK
#ShortStrangles – Assigned early on some ITM puts. To reduce margin and downside risk I’ve covered the entire position and rolled it into Jan 2019 #SyntheticStock . Stock is really weak and I doubt if covered call writing will keep up if it really implodes. This buys some time and makes for a much more relaxed (and safer) way to evenyually turn this into a winner. I’ll post the whole thing later but long story short…will only require selling about 35 cents a week to cover worse case scenario.
WDC
#ShortStrangles #BullPutSpreads – Taking some risk off on the bounce to resistance. Watching to re-enter possibly as #SyntheticStock …
Bought to Close WDC JAN 19 2018 85.0/80.0 Bull Put Spreads @ 2.19 (sold for 3.75)
Bought to Close WDC DEC 29 2017 82.5 Puts @ 1.33 (sold for 1.55)
ADSK
#ShortStrangles – Former earnings trade slightly underwater but not by much…replacing this week’s.
Bought to Close ADSK DEC 15 2017 109.0 Calls @ .05 (sold for 1.21)
Sold ADSK DEC 29 2017 109.0 Calls @ 1.14
NVDA
#ShortStrangles – Had a strangle that became a 200.0 straddle @ 7.75 credit received. Couldn’t quite work it’s way back to even so rolling put out and down and selling weeklies against it.
Rolled NVDA DEC 15 2017 200.0 Put to JAN 12 2018 197.5 Put @ .37 credit
Bought to Close NVDA DEC 15 2017 200.0 Call @ .04 (part of the straddle sold for 4.57)
Sold NVDA DEC 22 2017 192.5 Call @ 2.05
AAOI
#ShortStrangles – Slow and steady working my way back…
Bought to Close AAOI DEC 15 2017 42.5 Calls @ .05 (sold for 1.15)
Sold AAOI DEC 29 2017 41.0 Calls @ .85
Closed Early Short Puts / SVXY Strangle / Rolled Short Puts
Closed Early
#shortputs
$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
#shortstrangles
$SVXY STO 6/15/2018 85/160 @ 17.85
Rolled
#shortputs
$MZOR BTC 12/15 60 put STO 1/19/2018 put at additional 1.50 credit
TSLA
#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
ISRG
#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
RH puts
#ShortStrangles Added to the short side of my $RH strangle, sold Dec 29th 90 puts for 1.20 and 1.30.
NTES
#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
WYNN
#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
WYNN
#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
WDC
#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….
ADSK
#ShortStrangles – An #Earnings play that turned into strangles. Oversold the call side and now seeing a nice bounce. Booking this week’s.
Bought to Close ADSK DEC 8 2017 111.0 Calls @ .27 (sold for .85)
AAOI
#ShortStrangles – If there’s one thing I’ve learned this year (it’s lead to my 3 biggest losers of 2017) is to not chase short puts up on a rising stock too aggressively. A massive whipsaw can ensue leading to chaos. OK…maybe that’s a little dramatic but…making a big adjustment, limiting downside risk, and settling in for the long haul of selling weeklies to get back to at least even.
Rolled AAOI JAN 19 2018 80.0 Puts to JAN 18 2019 80.0 Puts @ 5.17 credit
Bought AAOI JAN 18 2019 20.0 Puts @ 3.20
Pocketing nearly 2 bucks on the roll/protection. Now…I’m limited to a 60 point loss and I’m free to sell non-aggressive weeklies without worry of max loss (bankruptcy?…don’t trust these types of places)
So far I’ve accumulated 25.40 in premium to this point so still 34.60 in the hole if it goes to zero (less than that if it recovers over the next year). Using the 34.60 as max loss and 58 weeks to I’ll be looking to sell about 60 cents a week. It’s a long haul but worth it to turn around a loser if I can.
BTW…TDA margin is 975 on 3 contracts to hold this trade so not a big deal..
AVGO
$ShortPuts – Selling the put side on the little dip and looking to leg into the #ShortStrangles . Fairly short time frame with a holiday mixed in and could be a little residual IV left over from earnings also.
Sold AVGO DEC 29 2017 250.0 Put @ 1.90
RH call
#Earnings #ShortStrangles Sold $RH Dec 29th 120 call for 1.30, giving me a strangle, after selling the 85 put for 1.65 earlier.
ADSK
#ShortStrangles – Getting a jump on next week in case the 200ma doesn’t hold. Selling weeklies to lower basis in Jan 120 puts..
Sold ADSK DEC 15 2017 109.0 Calls @ 1.21
EWW
#ShortStrangles – Booking a little and a delta adjustment. Still slightly long…
Bought to Close EWW DEC 15 2017 51.0 Calls @ .19 (sold for 2.05)
Sold EWW DEC 22 2017 49.0 Calls @ 1.15
Selling weeklies against Jan 54 puts
LRCX
#ShortStrangles – First time in this one. Staying small…
Sold LRCX JAN 12 2018 160.0/200.0 Strangle @ 4.30
SWKS
#ShortStrangles – Rolling down to slightly inverted…
Rolled SWKS DEC 29 2017 118.0 Calls to SWKS DEC 29 2017 100.0 Calls @ .90 credit
Position is now 103/100 inverted strangles @ 2.73
EWZ
#ShortStrangles – Been working this one for awhile as a #PerpetualRollingStrangles trade and had it narrowed down to a Dec monthly short straddle. The price is at the straddle strike today so taking the opportunity to book it for decent profit and re-sell and re-center.
Bought to Close EWZ DEC 15 2017 40.0 Straddles @ 1.93 (sold for 2.72)
Sold EWZ JAN 5 2018 37.0/43.0 Strangles @ .82
AZO closing
#Earnings #ShortStrangles
Closed one $AZO 780 call for .75. The 615/780 strangle sold yesterday for 4.575 (avg price). Orders in to sell the other call for .40, and the puts for .05.
NVDA
#ShortStrangles – Rolling call side down a little for additional premium…
Rolled NVDA DEC 15 2017 210.0 Call to DEC 15 2017 200.0 Call @ 1.50 credit.
Position is now Dec monthly 200 Straddle @ 7.75
WYNN
#ShortStrangles – Another roll against DITM calls. Nice consistent premium every week.
Rolled WYNN DEC 1 2017 160.0 Puts to DEC 8 2017 160.0 Puts @ 1.81 credit
ADSK
#ShortStrangles – Replacing today’s expiration…
Sold ADSK DEC 8 2017 111.0 Calls @ .85
RH closed
#Earnings #ShortStrangles
Closed these positions to avoid volatility later today:
$RH Dec 1st 95 puts for .20. Sold for 1.77 avg price
$RH Dec 1st 100 put for 1.00. Sold for 3.07 avg price
RH closed
#Earnings #ShortStrangles Closing a few of these ahead of tomorrow’s expiration as $RH has had many strong swings lately.
Closed RH Dec 1st 100 put for .70. Sold for 3.08 avg price
Closed RH Dec 1st 105 call for .20. Sold for 2.12 avg price
WDC
#ShortStrangles Filled late yesterday. Easing the call side down a little for additional premium…
Rolled WDC Dec 29 2017 92.5 Calls to Dec 29 2017 85.0 Calls @ 1.05 credit
New position is now 82.5/85 Strangles @ 3.55
TSLA
#ShortStrangles – Booking a small winner in one that could really get in trouble if 290 were to not hold. I’ve got no interest whatsoever in dealing with a long TSLA position at these levels.
Bought to Close TSLA DEC 29 2017 275.0/350.0 Strangle @ 4.70 (sold for 5.45)
Still holding Jun strangles…175 put against 500 and 510 calls.
ADSK
Let’s officially call this a #ShortStrangles trade now…
Rolled ADSK DEC 1 2017 120.0 Puts to JAN 19 2018 120.0 Puts @ 1.27 credit
Used half that premium received to buy a little protection at 2.5x size. May not need it it but with a little more weakness could make a small profit. Will continue selling the weekly calls…
Bought to Open ADSK JAN 19 2018 80.0 Puts @ .30
Where do we stand now? Basis in the Jan 120 puts is 116.70 so there’s work to do. It is nice knowing that if they file bankruptcy tomorrow I make 17k. Becoming a fan of these super cheap disaster puts since you never really know what’s going on in the boardroom with these “AAOI” type stocks.
🙂 🙂
NVDA
#ShortStrangles – A little adjustment for some additional premium…
Bought to Close NVDA DEC 15 2017 240.0 Call @ .05
Sold NVDA DEC 15 2017 210.0 Call @ 1.95
Position is now 200/210 strangle @ 6.22
PCLN
#ShortStrangles – Bought to Close PCLN DEC 15 2017 1550.0/1950.0 Strangle @ 1.03 (sold for 5.50)
ISRG
#ShortStrangles – Bought to Close ISRG DEC 15 2017 380.0/420.0 Strangle @ 2.15 (sold for 5.30)
ROKU
#ShortStrangles – This is why I’m non-directional. As soon as I take a bias one way or the other (adjusted to be long this morning) a twitter war breaks out amongst the experts and the stock sells off. I don’t want any part of it for now. Bailing with small profit.
Bought to Close ROKU DEC 15 2017 42.0 Puts @ 2.75 (sold for 3.01)
ROKU
#ShortStrangles – Reversing call side to puts and closing original puts…
Original trade was:
Sold ROKU DEC 15 2017 35.0/60.0 Strangles @ 3.19
I’m getting out of the way of the call side of this…
#ReverseRolled ROKU DEC 15 2017 60.0 Calls to DEC 15 2017 42.0 Puts @ .22 credit
And to stay inside my risk tolerance:
Bought to Close ROKU DEC 15 2017 35.0 Puts @ .40 debit
New position is now regular old 42 strike short puts @ 3.01
AAOI
#ShortStrangles – The grind continues…
Bought to Close AAOI DEC 1 2017 44.0 Calls @ .10 (sold for 1.15)
Sold AAOI DEC 15 2017 42.5 Calls @ 1.15
WDC
#ShortStrangles – Some sort of a downgrade so getting a nice dip here…
Sold WDC DEC 29 2017 82.5/92.5 Strangles @ 2.50
ISRG
#ShortStrangles – Currently short a Dec 8th 360/420 @ 4.30. Rolling the put side out another week and up to the 50ma for a little more credit.
Rolled ISRG DEC 8 2017 360.0 Put to DEC 15 2017 380.0 Put @ 1.00 credit
Earnings & Stock positions this week
#Earnings #LongStock #Rolling #CoveredCalls
$RH #ShortStrangles Dumped my final Dec 1st short 95 call for 8.50, and 80 puts for .10. Then the stock annoyingly dropped, after I’d closed the whole batch for high prices. I gotta ways to go to make up for it. I’m keeping new sales at the Dec 1st expiration, before earnings:
Sold 100 put for 3.50, adding to position
Sold 95 put for 2.65, adding to position
Sold 105 call for 2.95
$FB BTC Dec 1st 187.5 call for .12. Sold for 1.25 on 11/3. I’ll sell a new one on next rally.
$LITE Sold a fourth of my stock for 58.20. Cost basis 60.50. Looks to be recovering so will wait on the rest, with stops in place.
$STMP Assigned another 100 shares last night, disrupting my Dec 1st 200/180 put spread. Will sell the long put today. This leaves me with one remaining put spread and 200 shares.
$HCA This stock was sold for 75.29.by my broker on Friday afternoon due to margin concerns (futzing with SPX spreads). Not thrilled about this, but it has been an annoying one. An 80 covered call also expired Friday, so I’m now flat. Cost basis was 84.00 so that was a crappy loss.
WYNN
#ShortStrangles – Still pounding away at the put side against DITM Jan calls…
Bought to Close WYNN NOV 24 2017 155.0 Puts @ .20 (sold for 2.75)
Sold WYNN DEC 1 2017 160.0 Puts @ 3.47
TSLA
#ShortStrangles – Lots of uncertainty and questions around this stock right now. Let’s see if it stays that way for another month…
Sold TSLA DEC 29 2017 275.0/350.0 Strangle @ 5.45
PCLN
#ShortStrangles – Hey @jsd501 ….nice recovery! Sitting exactly halfway between our strikes now.
TLT
This was a bonus #ShortStrangles I had on in addition to the #PerpetualRollingStrangles . Not wanting to let a decent winner get away (it was a bonus after all 🙂 ) I’m booking it. Looking to maybe do it again out in Jan.
Bought to Close TLT DEC 15 2017 121.0/129.0 Strangles @ .55 (sold for 1.55)
WYNN
#ShortStrangles – Finally booking the puts and looking to roll the ITM 130 calls. All of the profitable put sales from the last couple months are going towards raising the basis in the short calls. Hoping to turn into a covered call position at some point. WYNN is turning into a #PerpetualRollingStrangles type trade. Been in it over a year now and works great for those.
In spite of the DITM calls it’s still in my top 10 performers for the year… 🙂
Bought to Close WYNN NOV 17 2017 152.5 Puts @ .15 (sold for 8.02 accumulated premium)
RH mgmt
#Earnings #ShortStrangles #Rolling
After my $RH Dec 1st 80/95 strangle got crushed yesterday, I have been legging into new positions.
Closed Dec 1st 95 calls for 10.20, 11.75, 12.60 (still holding 2 more)
Sold Dec 1st 95 puts for 2.00 and 1.30
Sold Dec 1st 100 puts for 3.20 and 2.55
Closed Dec 1st 80 put for .40. These should be .05 now but premium is hanging on.
Sticking with Dec 1st, prior to earnings for now. Haven’t sold calls yet as that has been continuously futile. I will probably try a couple on peaks.
ROKU
#ShortStrangles – First time in this one. Following @Bridget over at OMM ( 🙂 🙂 🙂 ). She has an iron condor pretty narrow…30/35/45/50. I’m going regular strangle with more room to the upside. Great premium and low margin in this one.
Sold ROKU DEC 15 2017 35.0/60.0 Strangles @ 3.19
#shortstrangles Finally have time to…
Finally have time to look at the market, I see we bounced from the lows this morning. That did not last long but at least the VIX is high enough to sell some /ES again.
STO only 2 contracts 44 DTE /ES 2360 put at 6 and 2660 call at 2.25. Market makers sticking with natural price today, could not get the mid point.
Only have enough cash for 1-2 of these each week. Plan is to add another one each W-F starting as close to 45 DTE as possible and harvest profits in 3-4 weeks as an #optionladder.
An extended move in either direction will use the future to hedge which currently requires 6k for each contract.
These are delta 8 options and usually decay to delta for in 3-4 weeks.
TSLA
#ShortStrangles – Adding one to the upside…unbalanced now. 170 put against 500 and 510 calls.
Sold 1 TSLA JUN 15 2018 500.0 Call @ 2.65
NVDA
#ShortStrangles – One of my top performers for the year…just doesn’t feel right without something going.
Sold NVDA DEC 15 2017 200.0/240.0 Strangle @ 4.32
EWZ
#ShortStrangles – Small roll down for some extra credit (again).
Rolled EWZ DEC 15 2017 42.5 Calls down to DEC 15 2017 40.0 Calls @ .65 credit…
Position is now Dec monthly 40 straddle @ 2.73
AAOI
#ShortStrangles – She’s actually perking up a little bit. Gonna let out the leash and give it some room…selling against DITM puts so treating it like a covered call.
Rolled AAOI NOV 10 2017 44.0 Calls to NOV 24 2017 46.5 Calls @ .25 credit
Current position is an “inverted calendar”…short Dec 80.0 puts and short Nov 17 44.0 calls.
These are 36 points inverted with 19.90 premium received. To get back to even I need to squeeze the inversion in to narrower than the premium received. Stock gets in between and the entire thing goes away…still some work to do but getting there.
FFIV
#ShortStrangles – Was just killing time with some post earnings strangles. Trading these in for my NVDA earnings position…
Bought to Close FFIV NOV 17 2017 115.0/127.0 Strangles @ .50 (sold for 1.45)
AAOI
#ShortStrangles – Not taking stock since these are trading just like stock this DITM. Going for max premium selling weekly calls against. Out at even is my goal…
Rolled AAOI NOV 17 2017 80.0 Puts to DEC 15 2017 80.0 Puts @ 1.00 credit
Still sitting on short 44 calls for tomorrow. All included since the beginning of this ordeal I’ve reduced basis in the puts to 60.25 so gradually getting there!
PCLN
#ShortStrangles – Taking a small shot….
Sold PCLN DEC 15 2017 1550.0/1950.0 Strangle @ 5.50
TSLA
#Shortstrangles – Jan 500 call looking safe so re-loading.
Sold TSLA JUN 15 2018 170.0/510.0 Strangle @ 6.01
Options Bistro 