#Earnings #ShortStrangles – Bought to Close NFLX APR 21 2017 140.0/165.0 Strangles @ .40 (sold for 3.80)
Sold to Close NFLX JUN 16 2017 100.0 Puts @ .08 (bought for .17)
🙂 🙂
Tag Archives: ShortStrangles
NFLX earnings
#Earnings #ShortStrangles – No position in this thing right now so taking a fairly aggressive, slightly bullish shot.
Sold NFLX APR 21 2017 140.0/165.0 Strangles @ 3.80
$SVXY #ShortStrangle – I’m switching…
$SVXY #ShortStrangles – I’m switching to some strangle trades to boost total return on margin.
Sold SVXY Apr 28 2017 150.0 Calls/75.0 Puts @ 0.63 total credit. Only two weeks out.
WYNN adjustment
#ShortStrangles – As long as the stock is grinding around in between the strikes I’ll keep rolling for good cash.
Rolled Apr 13th 120/105 inverted strangles to Apr 28th @ 1.80 credit.
This is another roll into the week before earnings…
REGN adjustment
#ShortStrangles – Pretty aggressive but with earnings the following week a roll should be easy…
Rolled Apr 28th 410.0 call down to 380.0 @ 3.62 credit (filled well above the mid)
Current position is now Apr 28th 380 straddle @ 16.32
SVXY
#ShortStrangles – Adding another one. This is my widest one so far in this expiration.
Sold SVXY JAN 19 2018 55.0/255.0 Strangle @ 5.75
IBB
#ShortStrangles – Replacing this week’s…
Sold IBB MAY 19 2017 300.0 Call @ 3.00
NFLX plan
#Earnings #ShortStrangles Bought to close NFLX June 175 call for .90. Sold for 3.00 on Oct 21st. Getting out before earnings in case this one explodes higher again. Still short a June 120 put.
I will definitely look to sell a strangle or at least puts into earnings on April 17th.
EWW adjustment
#ShortStrangles – Rolled Apr 49 calls to May 12 weekly 50’s @ .48 debit
And to pay for it:
Rolled Apr 51 puts up to Apr 52.5 @ .58 credit
TSLA adjustment
Posted this last week:
#ShortStrangles -Not a big fan of this thing so getting out of the way. I’ll revisit it over earnings. Closing short call and letting short put sit for now. May still eventually roll this short call into a new strangle.
Current position: Apr monthly 255/275 strangle @ 11.53
Bought to Close TSLA APR 21 2017 275.0 Call @ 12.20
So if the put expires it’s a .67 loser. (1 contract…LOL) Might still roll this into something pretty wide to scratch out a small winner…
=======================================================================================
Glad I got out of the way. Now trying to get back to a slight winner:
Rolled TSLA Apr 21 255 put to Apr 28 257.5 put @ .70 credit. Hopefully this is before earnings…
NVDA
#ShortStrangles – Rolling and selling. Replacing yesterday’s closed calls…
Rolled 113 puts to next week @ .52 credit.
Against those added these:
Sold NVDA APR 21 2017 116.0 Call @ 1.00
Sold NVDA APR 21 2017 117.0 Call @ .84
Sold NVDA APR 21 2017 118.0 Call @ .71
CMG adjustment
#ShortStrangles – Current position is Apr 13 425 straddle @ 10.72. To get this into a little better rolling into earnings position I’m closing the put. Not booking the profit yet though…I’ll carry it into the new position for some cushion. Also, splitting the ITM call into a new slightly higher straddle another week out. One side will expire and then I can roll the other side into high IV of earnings week.
Bought to Close CMG APR 13 2017 425.0 Put @ 2.10
Rolled APR 13 425.0 Call to APR 21 430.0 Straddle @ 2.80 credit
New position: Apr 21st 430.0 Straddle @ 11.42
NVDA
#ShortStrangles – I had gone inverted on this and had been rolling collecting decent premium. Taking my chance here to get “un-inverted”. Stock looks like it wants to go higher so will wait to resell the call side.
Bought to Close NVDA MAR 31 2017 108.0 Calls @ 1.17 (sold for 1.90)
Still holding 113 puts for tomorrow…
REGN again
#ShortStrangles – Adjusting my other REGN strangle. Going aggressive since this expires before earnings. Anything in trouble can be rolled into high IV of earnings week.
Rolled Apr 28th 350 put up to 380 @ 4.50 credit.
Position is now Apr 28th 380/410 Strangle @ 12.70 so breakeven of 367.30 up to 422.70
SVXY
#ShortStrangles -This thing is a beast…I’m getting out of the way of the nearer term short calls and letting the way out of the money short puts ride. All the strangles should still be nicely profitable with no more upside risk. Still holding the Jan 2018 short calls which is plenty of short exposure for now.
Bought to Close SVXY MAY 5 2017 160.0 Call @ 2.84 (80/160 sold for 3.00)
Bought to Close SVXY MAY 19 2017 170.0 Call @ 2.10 (80/170 sold for 3.45)
Bought to Close SVXY JUN 16 2017 200.0 Call @ .60 (70/200 sold for 3.85)
Bought to Close SVXY SEP 15 2017 235.0 Call @ 2.17 (65/235 sold for 5.75)
Bought to Close SVXY SEP 15 2017 240.0 Call @ 1.98 (60/240 sold for 5.15)
TSLA
#ShortStrangles -Not a big fan of this thing so getting out of the way. I’ll revisit it over earnings. Closing short call and letting short put sit for now. May still eventually roll this short call into a new strangle.
Current position: Apr monthly 255/275 strangle @ 11.53
Bought to Close TSLA APR 21 2017 275.0 Call @ 12.20
So if the put expires it’s a .67 loser. (1 contract…LOL) Might still roll this into something pretty wide to scratch out a small winner…
XOP puts
Sold $XOP May 19 34 puts @ .90. Looking at yesterday’s low as a potential short term bottom.
Strangle defense?
#ShortStrangles – TT recommends rolling the un-threatened side for additional credit and even going inverted if needed. It works great but can sometimes catch you in a whipsaw. Been trying to come up with something that would defend these positions without the inversion. Whaddya think of this? Whipsaw still a concern but not as likely compared to TT strategy.
1. As one side begins getting threatened (maybe a strike or two before going itm) roll unthreatened side up to delta 30ish
2. If stock continues in same direction then roll to straddle.
3. Could even skip step two and go straight to step four
4. At or slightly prior to threatened side going itm:
a. Book big gains on non threatened rolls
b. Roll threatened side into a NEW strangle in same expiration for as close to a credit as you’re comfortable with.
5. New strangle wouldn’t be worth much since you’re splitting original premium in that position between two new positions or could just split all premium including rolls but not book it until position is closed.
6. Manage new strangle same way.
WYNN again
#ShortStrangles – My only real problem child at this point. Had 105/100 inverted strangles and then rolled 105 puts up to 113 for this week. That’s gonna be a nice winner but calls not so much so rolling 100 calls out 2 weeks (avoiding earnings week for now) into new strangles. Will roll again once earnings week is announced. I like rolling into the high IV of earnings. Gives a great opportunity to adjust the strikes even more than usual.
Rolled this week’s 100 calls to Apr 13th 105/120 inverted strangles @ 1.10 credit
More SVXY
Might be pushing it a little on the upside here but it’s the highest available strike for now. Went back to a fairly conservative upper trend line I’d forgot about on freestockcharts.com that I used to use for call selling. This should be safe but not a lot of breathing room…
#ShortStrangles – Sold SVXY MAY 5 2017 80.0/160.0 Strangle @ 3.00
SVXY
#ShortStrangles – Sold SVXY MAY 19 2017 80.0/170.0 Strangle @ 3.45
WYNN adjustment
#ShortStrangles PerpetualRollingStrangles – Originally booked a big gain on covered stock and rolled the ITM calls to 105/100 inverted strangles. When WYNN broke higher I aggressively rolled the 105 puts up to 113. Now leaving the strikes the same and rolling a week for more juicy premium. At some point one side will expire and I’ll roll the remaining side into a new strangle. Earnings should be late April so just doing a week at a time until then…
Rolled WYNN 113/100 inverted strangles out to next week @ 1.35 credit.
New position is 113/100 inverted @ 4.88 credit.
REGN
#ShortStrangles – I’m hoping this is a week or two before earnings…
Sold REGN APR 28 2017 350.0/410.0 Strangle @ 8.20
SVXY roll
#VXXGame #StrangleRoll
#Rolling out some ATM calls to an OTM #ShortStrangles which requires much less margin to carry.
BTC $SVXY June 135 calls for 18.35. Sold for 8.05 on Jan 20th.
STO $SVXY Sept 100/180 strangles for 18.95.
Joining the Burrito Brigade
#shortstrangles
$CMG STO 4/13 375/420 Strangle for 3.00 (Yikes, is $CMG up 12 points today)
$FB #ShortStrangle – Covered both…
$FB #ShortStrangles – Covered both sides. Sold the strangle @ 1.42. early last month.
Bought to close 1 FB Mar 24 2017 126.0 Put @ 0.01
Bought to close 1 FB Mar 24 2017 146.0 Call @ 0.01
REGN
#ShortStrangles – Book it…looking for a new one.
Bought to Close REGN MAR 31 2017 330.0/420.0 Strangle @ .52 (sold for 5.70)
NVDA adjustment
#ShortStrangles – Been on a nice run so making a minor adjustment. Booking short puts and rolling short calls out to new inverted strangles. Keeping everything near term until we know earnings week. Should be able to roll there for big credit once we know when it is.
Bought to Close NVDA MAR 24 2017 105.0 Puts @ .39 (sold for 2.80)
and:
Rolled Mar 24th 102 Calls to Mar 31st 113/108 inverted strangles @ 1.10 credit.
Definitely don’t mind fighting this a little to the upside with April 95, 100, and 105 short puts in an #IRA …
Options Expiration 3/17/17
#OptionsExpiration #SPXcampaign #Earnings #IronCondor #ShortStrangles #VXXGame
— Expired —
AZO 670/680/780/790 iron condors
REGN 350 put
SPXPM 2340/2315 put spreads
SPXPM 2350/2325 put spreads
SVXY 100, 110, and 120 puts
UVXY 32 calls
–Assignment–
SVXY 100 call – assigned short stock. This was assigned a couple days ago. Will probably roll into ITM options if no correction starts soon.
–Exercised–
SPXPM 2385/2360 put spreads — got whipsawed this week, and tried to ride this one out today, but got crushed at day’s end. Looks like a 6.87 loss. Will add it to my list of rolls.
REGN break
#ShortStrangles – after following @fuzzballl‘s lead and squeezing in my strangle to be 350/380, my short call flew above 15.00 this week… but now getting a welcome pullback on expiration day so I can exit cheaply and throw on the next one for April. Which strangle do you have for April 21, Fuzz?
GLD NVDA WYNN rolls
#ShortStrangles – Hate doing this already but busy rest of the week during market hours. It’s too bad since some of these might’ve expired. Just going out a week to stall a little….see where they are next Friday.
Rolled GLD 120.5/113 inverted strangles to next week @ .23 credit
Rolled NVDA 105/100 inverted strangles to next week’s 105/102 @ .46 credit
Rolled WYNN 100/105 inverted strangles to next week @ 1.34 credit
TSLA
#ShortStrangles – Adding the put side to the April call…just announced a small SUV coming.
Sold TSLA APR 21 2017 220.0 Put @ 2.10
Position is now 220/275 @ 4.43
REGN adjustment
#ShortStrangles – Had an extra one on for this week. Put looks great and call sitting at breakeven so closing and setting a new one much wider. Still sitting on March 31st 330/420…
Bought to Close REGN MAR 17 2017 365.0/395.0 Strangle @ 2.69 ( sold for 5.62)
Then:
Sold REGN APR 21 2017 350.0/420.0 Strangle @ 7.02
IBB adjustment
#ShortStrangles – Adjusting next week’s 280/290 strangle…booking one side and rolling threatened side out a couple weeks into a new strangle.
Bought to Close IBB MAR 17 2017 280.0 Put @ .20 (sold for 5.28)
Then:
Rolled 290 call out to March 31st 297.5/300.0 Strangle @ .21 credit (also carrying forward the 3.30 received from 290.0 original call sale).
AAPL….completely out now
#ShortStrangles #BullPutSpreads – This was an aggressive adjustment from some rolling strangles I’d been carrying. Goal was to get rid of this one at even allowing an official booking of the 14.30 received from the rolls. Is AAPL a 1000 dollar stock? Heck if I know but it’s at a split adjusted 980 from the last 7 for 1. That’s a lot of iPhones!
Bought to Close AAPL MAR 17 2017 140.0/130.0 Bull Put Spreads @ 1.45 (sold for 1.45)
NVDA
#ShortStrangles – Closing the call side of the strangle and still holding 105 puts. Planning on applying this gain to the stock basis if I take the stock vs. rolling the puts. Wait and see how next week looks if she rallies any.
Bought to Close NVDA MAR 17 2017 110.0 Calls @ .12 (sold for 2.17)
EWW
#ShortStrangles – Kinda screwed this one up…forgot I had this order in and it filled on the spike at the open.
Sold EWW APR 21 2017 43.0/48.0 Strangles @ 1.15
Because of that I’m closing the current one a little sooner than I intended strictly for position size and risk management. Still a nice profit so I’m not gonna complain (too much). 🙂
Bought to Close EWW MAR 17 2017 43.0/48.0 Strangles @ .67 (sold for 1.40)
REGN risky adjustment
#Rolling #ShortStrangles #ShortStraddles – With all the good news for biotech coming from the big speech, I’m making a pretty aggressive roll. I’ve already rolled this put up once and doing it again.
Rolled March 17th 360 put up to 380 @ 6.08 credit.
New position is now the March 17th 380.0 straddle @ 20.15. Hoping we just grind around right here for a couple weeks…
Options Expiration 2/24/17
#OptionsExpiration #Earnings #ShortStrangles
All I got this week is one. Good couple of weeks for earnings trades!
–Expiring–
DISH Feb 24th 60/67 strangles, sold for .90 on Tuesday.
CMG strangle
#ShortStrangles – Previously closed the March put on the rally. Closing the call side on the bounce at the 200ma and re-selling a nice big wide one for April that can hopefully be closed early as well.
Bought to Close CMG MAR 17 2017 450.0 Call @ .90 (sold for 3.00 with nice 4.70 gain for entire strangle)
Then:
Sold CMG APR 21 2017 370.0/460.0 Strangle @ 5.03
NVDA adjustment
#ShortStrangles – Some sort of downgrade on it this morning…booking profit on calls sold a couple days ago and selling new ones a little closer in. Selling against March 105 puts…
Bought to Close NVDA MAR 31 2017 124.0 Calls @ .52 (sold for 1.09)
Sold NVDA MAR 17 2017 110.0 Calls @ 1.60
REGN adjustment
#ShortStrangles – Not sure what’s going on with it but rolling call down a little for additional premium in March strangle.
Rolled March monthly 395 call down to 380 @ 2.25 credit.
New position is 360/380 strangle @ 14.07 credit
TSLA earnings (and new position)
#Earnings #ShortStrangles – Everything looked great until 5 minutes before the open..LOL No interest in owning it at 260 so bailed with a small profit.
Bought to Close TSLA FEB 24 2017 260.0/300.0 Strangles @ 3.93 (sold for 4.65)
Then:
Sold TSLA MAR 17 2017 240.0/280.0 Strangle @ 5.51
TSLA strangles closed
#Earnings #ShortStrangles BTC TSLA Feb 24th 250/310 strangles for .64. Sold yesterday for 1.94.
CMG Strangle
#ShortStrangles – Closing the put side of March 370/450 strangle…Any more weakness I’ll be looking to sell it again.
Bought to Close CMG MAR 17 2017 370.0 Put @ .25 (sold for 2.85)
TSLA earnings
#Earnings #ShortStrangles Sold to Open $TSLA Feb 24th 250/310 strangles for 1.94. Slightly bullish positioning. Over last 12 earnings, Biggest UP move: 11.2%, Biggest DOWN move: -11.3%, Average move: 5.7%. These strikes are -8.8% and +13.1% OTM.
DISH earnings
#Earnings #ShortStrangles With a slightly bullish positioning, since stock is in uptrend and bullish trades working well in this market.
Sold to Open $DISH Feb 24th 60/67 strangles for .90. FIVE-DAY moves over last 12 earnings reports: Biggest UP move: 5.2%, Biggest DOWN move: -2.7%, Average move: 1.6%. These strikes are -4.9% and +6.2% OTM.
Options Expiration 2/17/17
#OptionsExpiration #Earnings #CoveredCalls #ShortStrangles #BullPutSpreads
— Expiring w/Max Profit —
ALK 95/90 put spreads
RGLD 75 & 80 covered calls
VECO 24/29 strangles
That’s it… have a good weekend all!
NVDA legging out
#ShortStrangles – Closing the call side of my March 105/130 strangles…
Bought to Close NVDA MAR 17 2017 130.0 Calls @ .18 (sold for 1.14)
Still sitting on the short 105 puts…
REGN put side roll up
#Earnings #ShortStrangles Taking a cue from @fuzzballl and rolling up the good side,
BTC REGN March 17th 330 put for 1.50. Sold in the 330/400 strangle for 6.10 last Friday.
STO REGN March 17th 350 put for 3.80, so 2.30 credit on the roll.
Looking like the 400 call may have to be rolled UP. All biotech surging.
TRIP earnings
#Earnings #ShortStrangles – Playing it slightly bullish. Selling at the expected move on the downside and above the expected move on the upside. Hasn’t traded below 45 in 4 years…
Sold TRIP FEB 17 2017 49.0/59.0 Strangles @ 1.20
SVXY strangle
#ShortStrangles – Sold SVXY JUN 16 2017 70.0/200.0 Strangle @ 3.85
IBB delta adjustment
#ShortStrangles – Rolled put side of March strangle up a little to capture some more premium. Still net short but not AS short.
Rolled March 260 put up to 280 @ 2.53 credit.
Position is now 280/290 strangle @ 8.58 credit
SVXY strangles
#ShortStrangles – Been watching you guys selling these for awhile now. Think I finally have to jump in…thanks!
Sold SVXY SEP 15 2017 65.0/235.0 Strangle @ 5.75
Sold SVXY JAN 19 2018 60.0/240.0 Strangle @ 10.10
Jumping on the REGN train
#ShortStrangles Sold to Open $REGN March 17th 330/400 strangle for 6.10
NVDA back in
#ShortStrangles – Sold NVDA MAR 17 2017 105.0/130.0 Strangles @ 3.16
NFLX strangle
#ShortStrangles My only remaining $NFLX position was the short June 175 call. So to hedge it…
Sold to Open NFLX June 120 put for 3.15.
IBB
#ShortStrangles – Cleaning up the straggler of an old strangle…
Bought to Close IBB FEB 17 2017 260.0 Put @ .13 (sold for 2.40)
REGN quickie
#ShortStrangles – Trying to sneak one in before earnings next week…
Sold REGN FEB 10 2017 340.0/370.0 Strangle @ 3.25
TLT
#PerpetualRollingStrangles #ShortStrangles – Enjoy this position so much I’m increasing the size a little.
Sold TLT MAR 10 2017 116.0/122.0 Strangles @ 1.31
Options Expiration 2/3/17
#OptionsExpiration #Earnings #SPXcampaign #IronButterfly #CoveredCalls #Assignment #ShortPuts #ShortCalls #VXXGame #StockTrades #ShortStrangles
–Expiring w/max profit–
FB 123, 126, 129 puts
FB 138 covered calls
REGN 340/400 strangle
UVXY 32 and 40 calls
SPX 2260/2235 put spreads. Sold for 3.35 on Jan 24th
SPX 2245/2220 put spreads. Sold for 1.35 on Monday
— Assignment ?? —
AMZN 840 put… was going to let the 810 long put cancel it out, but looks like I may get stock instead
— Expired w/Max loss —
AAPL 118/121/124 iron butterfly
CMG again
#ShortStrangles – Sold CMG MAR 17 2017 370.0/450.0 Strangle @ 5.85
$NUGT #ShortStrangles – Sold NUGT…
$NUGT #ShortStrangles – Sold NUGT Mar 17 2017 6.0 Puts/16.0 Calls @ 0.80 with the stock at 11.76
REGN
#ShortStrangles – Bought to Close REGN FEB 3 2017 325.0/400.0 Strangle @ .25 (sold for 4.85)
Completely out of this in regular account for the first time in a long time. Waiting now to sell a fairly aggressive earnings strangle.
$NUGT #ShortStrangle – Sold NUGT…
$NUGT #ShortStrangles – Sold NUGT Mar 17 2017 6/16 Strangles @ 0.75 with the stock at 11.03.
Breakeven levels are at 5.25 and 16.75 on the stock at expiration.
Options Expiration 1/27/17
#OptionsExpiration #Earnings #ShortStrangles #ShortPuts #ShortCalls #IronButterfly #VXXGame #Assignment #BullPutSpreads
–Expiring w/max profit–
EBAY 28.5 puts
FB 126 put
FFIV 157.5 calls
LUV 50/49 put spreads
SPX 2260/2235 put spreads
UVXY 37 calls
–Assignment–
SBUX 60 puts, stock assigned, cost basis 56.73
–Expired w/max loss–
COF 85/87/89 iron butterfly
SPX 2300/2325 LONG call spread, bought for 1.10, closed half for 4.70 so overall profitable trade.
FB covered call roll
#Earnings #CoveredCalls #StockTrade #ShortStrangles #StrangleRoll
BTC $FB Jan 27th 130 call for 1.98. Sold for .53 on Jan 10th.
STO $FB Feb 3rd 126/138 strangle for 2.58.
Going into next week’s earnings with a long bias; I am long stock. I will be selling additional options the day of earnings.
AAPL roll
#ShortStrangles – Been rolling for awhile and gradually narrowing some 121/114 inverted strangles waiting to see which side goes away first. With the stock moving up I’m rolling the short calls into new unbalanced, more bullish, less inverted, strangles.
Bought to Close AAPL JAN 27 2017 121.0 Puts @ .39 (sold for 1.10)
Rolled 114 calls to next week’s 125/120 inverted strangles @ .45 credit (2 puts for 1 call)
FFIV earnings
#Earnings #ShortStrangles
Sold to Open $FFIV Jan 27th 130/157.5 strangles for .90. (filled quickly so more may be possible)
Biggest UP move: 9.6%, Biggest DOWN move: -10.0%, Average move: 4.8%. These strikes are about 9.5% OTM.
IBB strangle
#ShortStrangles – Taking off the call side but still holding the 260 put for now.
Bought to Close IBB FEB 17 2017 300.0 Call @ .25 (sold for 2.85)
NVDA
#ShortStrangles – Out all morning but did get a fill…
Bought to Close NVDA FEB 3 2017 85.0/125.0 Strangles @ .16 (sold for 1.56)
Options Expiration 1/13/17
#OptionsExpiration #ShortStrangles #ContangoETFs #SPXcampaign
— Expiring w/Max Profit —
DUST 84 call
REGN 350/405 strangle
— Expiring w/Loss —
SPX long call spread, 2300/2325, bought for 1.45. Didn’t get the bull run I was expecting. But the flat market is perfect for the #SPXcampaign
REGN strangle
#ShortStrangles #Rolling #Earnings
Selling this to replace one expiring today. This expires just before earnings.
STO $REGN Feb 3rd 340/400 strangle for 5.60
REGN
#ShortStrangles – Earnings now not until Feb 9th so trying to sneak in one more before then…
Sold REGN FEB 3 2017 325.0/400.0 Strangle @ 4.85
CMG strangle
#ShortStrangles – Selling the week before earnings…
Sold CMG JAN 27 2017 390.0/430.0 Strangle @ 4.60
Options Bistro 