$SPX STO 12/24 3190/3210 BUPS at .50.
$SPX BTC 12/9 3140/3165 BECS at 1.50 STO at 2.50 on 12/4.
$SPX 10/23 2965/2985/3030/3045 IC expired. STO at 1.50. Thank you @jeff. Sorry you prudently closed out.
$SPX BTC 10/21 3035/3060 BECS at .60. STO 10/11 at 4.72. Thank you @Ramie. The put side of the IC still open.
$GLOB STO 11/15 90 put at 2.80. Tip of the hat to @Ramie
$HIIQ BTC 11/15 28 calls and STO 12/20 30 calls for added .15 debit.. Since September it has cost me $1.65 to roll from $20 covered call to current $30 covered call. Stock appears headed up. Stock now at 26.78.
$GLD STC 9/20 132 calls and BTO 10/18 140 calls pocketing 7.40 in profits per call
$KL BTC 9/20 50 call and STO 10/18 50 call for added 1.07 credit
$NUGT BTC 9/20 32 call and STO 10/18 36 call for added 1.07 credit and four added dollars if gold spikes
$HIIQ BTC 10/18 23 call and STO 10/18 25 call for .70 debit
$GOOGL STO 10/18 1200/1210 BUPS at 3.30. Earnings around 10/25. Plan to BTC at 50%
$SPX 2865/2890 BUPS STO 9/10 at 1.35
$SPX 2960/2985 BUPS STO 9/12 at 2.85 Thank you @jeff
By Golly $OLLI All were opened after earnings release which dropped the stock.
$OLLI STC 9/20 55/60 BUCS on 9/10 for 4.50. BTO 8/29 at 2.97
$OLLI BTC 9/20 55/60 BUPS on 9/16 for .20/ STO 8/19 at 2.03
$OLLI BTC 9/20 55 puts at .05 on 9/12. STO 8/29 at 1.35
Have not been posting lately. A little out of sorts. Hope to be back soon.
$TQQQ Rolled 9/20 65 calls to 10/4 68 calls at even. Gain three points if called away. These sold against 66.67 LEAPS. Collected 68% of call cost so far.
$STNE BTC 9/20 30 put at .05/ STO 8/19 at 1.00. Thank you @fuzzy
$NUGT Rolled 9/20 35 put to 9/27 34 put at .37 debit.
$PLAN Rolled 9/20 50 put to 10/18 for added 1.10 credit. Thanks @honkhonk81 for original idea.
$EXAS STO 9/20 109 calls at 1.05
$AMZN BTO 7/26 2000/2010 BUCS at 5.15. Earnings 7/25. Plan to be out before then.
$TNDM BTC 7/19 70 puts at 2.75. STO on 6/18 for 8.00. Stock at 67.11.
$PLAY BTC 7/19 40 puts at .40. STO on 6/28 for .85. Still have a few 7/19 40 puts left that were STO at 2.30. Not sure why I did not close at same time. Duh?
$GOOGL BTC 7/19 980/1010 BUPS at .60. STO at 6.72 on 6/6
$LABU STO 7/5 53 call at 1.10
$PLAY BTO 7/19 40 calls at 1.45. Didn’t I say not to buy calls. Back to the chalkboard wearing the dunce cap and writing 100 times……
$SPX 2795/2770 BUPs STO at 1.30
$SPX 2795/2770 BUPs (Sold in two accounts by fortuitous happening, i.e. not paying attention) STO at 1.45
$SPX 2900/2875 BUPs STO at .85
$SPX 2795/2770 BECS STO at 1.15
Thank you @jeffcp66
$BYND BTO 6/28 157.50 put at 5.95 Stock a little like my ekg. We will see.
$ISRG BTO 7/19 525/535 BUCS at 4.92
$NFLX BTC 7/5 365 call and STO 7/19 375 call at added $4.10 credit. Earnings 7/17 so watching closely. Stock closed at 371.04
$FIVE 125/130 BUPS
$NVDA 140/145/175/190 IC STO at $1.57 Thank you @ramie77
$SPX 2845/2865/2970/2990 1DTE STO at 1.10 Thank you @jeffcp66
$BA 320/330 BUPS Thanks again @ramie77
$ISRG 480/500 BUCS Remaining position. BTO at $10.
$ADBE 272.50/277.50 BUCS / STO 267.50 put (Limping Lizard earnings trade) Thanks for all the education from the reptilians out there, especially @fuzzballl
$KNX 30 put
$SQ 65 put Thank you @thomberg1201
$CTL 10 put Thank you @ramie77
$ARWR 18 put
$DHI 44 put
$CLX 145 put
$WK 60 call Covered
$ARWR 19 call Stock called away
$EVTC 30 call Stock called away
$PYX 22.5 call covered – wish it wasn’t
$AMZN 1980 $GOOGL 1190 $NFLX 370 All long calls. All capital gone. When will I ever learn. Do not BUY calls
$FL 50/55 BUPS Total Loss STO at $2.20
Closed Early $SPX 6/26 2960/2985 BECS at 7.50. STO at 1.50
Everyone have a delightful weekend. Thanks for all the help you share. May we all have a sumptuous summer.
(A little alliteration) @jeffcp66 Thank you for founding this site for a foundling like me. I love beer on Friday’s. 😉
$AMZN BTC 6/21 1750/1740 at .15. STO at 2.15.
$AMZN BTC 6/21 1815/1765 at 1.80. STO at 11.50 Thank you @ramie77
$FB BTC 6/21 180/190 BUPS at 4.50. STO at 2.60
$ISRG STC 6/21 480/500 at 17.20. BTO at 10.00
$SPX STO 6/26 2795/2770/2960/2985 IC at 2.80
$LABU STO 6/28 48 call at 1.70
$TNDM BTC 5/17 65 puts at 2.60. Have been rolling since 4/7. Total credit taken in 5.15.
$FB 195 calls (covered)
$XLNX Assigned at 128. STO 4/26 128 put at 2.30 before earnings. Stock now at 118.93. Will cover.
$NFLX STO 5/17 350/355 BUPS at 1.35
$TSLA STO 5/17 245/250 BUPS at 1.95 Hope I was early, not wrong.
$NFLX STO 4/26 382.5 calls at 1.75 Stock at 377.37
$HIIQ STO 4/26 30 calls at 1.30 and 1.20. Stock at 24.85. Assigned a bunch of these on put assignment
$WK STO 5/17 55 call at 1.20 Stock at 49.91
$TNDM BTC 4/26 68.50 puts and STO 5/3 68.50 puts at .80 credits. Earnings 4/30 Have to watch closely.
$TNDM BTC 4/26 66 calls and STO 5/3 64 calls at .10 debit. Earnings 4/30 These are covered. Stock currently at 56.76.
$GOOS BTC 4/26 51 calls and STO 5/17 55 calls at .80 debit. Stock at 52.73.
$NFLX BTC 4/18 345/355/375/365 at 1.50. STO yesterday at 8.40. Thank you @jeffcp66. I was away from trading this morning and placed orders for the $NFLX trades last night. I know I am not good, but this time lucky.
$NFLX BTC 4/18 340/350 BUPS at .40. STO 3/15 at 2.73
$NFLX BTC 4/18 310/330 BUPS at .20. STO 3/15 at 3.81
Above were partly offset by the $NFLX BTO 4/18 370 calls and 350 calls which were closed for 90% losses.
BTC 4/12 2935/2019 BECS at 2.00 STO at 3.41 Thank you @jeffcp66
BTC 5/17 75 put at .80. STO 1/22 at 7.70. Thank you @jsd501 for following the chart and sharing.
$LULU BTC 4/18 170/175 BECS at .80. STO 3/28 at 2.18
$GOOS STO 4/12 49 call at .60 (covered)
$TQQQ Rolled out and up BTC 3/15 52 call and STO 4/18 55 call for additional .70 credit
$BEAT STO 3/15 70 call at .70
$FB STO 3/15 177.50 call at .54
$EA BTC 3/15 75/85 BUPS at .50 STO on 3/15 for 1.64
STO 1 MAR 2019 2725/2705 BuPS at $0.45
STO 28 FEB 2019 2745/2735 BuPS at $0.40
STO 27 FEB 2019 2755/2735 BuPS at $0.50
STO SPX 2-22-19 BeCS 2805/2819 at 0.20
STO 29 MAR 2019 2580/2560 BuPS at $1.05
#SPXcampaign Sold to open $SPX Dec 21st 2355/2375-2550/2570 condors for 1.05.
Before the announcement:
Bought to Open $SPX Dec 20th (monthlys) 2650/2670 call spreads for 1.20. This was betting on an explosion higher, and perhaps a quick double into tomorrow. So far, not looking good.
After the announcement
Sold to open Feb 14th (monthlys) 2300/2280 put spreads for 1.95. Partial roll from January spread stopped earlier this week.
Looking to sell the 1-dte trade in the next hour.
#SPXcampaign My condor for today, Nov 30th 2690/2710/2810/2830, is expiring (sold for .90). I wasn’t planning on doing one for Monday due to the chance for a huge gap on the China talks. However, IV is so high, that I was able to sell a very wide condor. My short strikes have been around 100 points apart in this last week. For Monday’s condor, they are 210 apart.
Sold $SPX Dec 3rd 2620/2640-2850/2870 condors for .95.
Short strikes are 115 points away on downside, 95 points on upside. We have exceeded those moves only once this year: to the downside on Feb 5th.
Sell iron condor Nov 30 2760/2770 calls and 2740/1730 puts for $1 and 1 hour till expiration. Many missteps today, hope to get this one right.
#SPXcampaign Sold to Open $SPX Nov 30th 2690/2710/2810/2830 condors for .90. Expires tomorrow.
#SPXcampaign Still working on this new approach… thought I’d share my big error on today’s spread.
I sold the $SPX Nov 28th 2590/2610-2710/2730 for 1.15 yesterday at 1:38p ET, when SPX was at 2672.
After selling, the SPX creeped higher into the close. Even so, my call spread side did NOT increase much. With the threat of a gap up opening, and a slow rise into the close, I could have closed the calls for about .70, and let puts expire today, for an overall profit on the trade, same day. But it didn’t rise enough to hit my stop, so I opted to stay in.
That turned out to be only a minor error: Consider taking profits same day if volatility drops enough in the last hour to exit with decent profit, and erase overnight risk. But, in this case, the gap up this morning wasn’t bad, and I could have closed at the open for a small loss.
Further more, my call side DID hit its stop this morning, when the expected move touched my 2710 short calls. This means I should have exited, and COULD have exited for a profit on the fade back down to 2685 area. But I didn’t. And as it bounced, I was not focused…. I should have realized the volatility risk with Powell’s comments, but I didn’t and was focused on record keeping and other non-trade issues.
Now I’m 10 points ITM. Faced with possibility of a chunky loss if there’s no fade. Don’t know how I’ll roll yet.
1. Take partial profits if they present themselves early.
2. Follow rules even if you believe that waiting for better exits will work.
3. Focus on market events you KNOW are coming. Don’t get distracted or complacent.
#SPXcampaign Sold $SPX Nov 28th 2590/2610-2710/2730 condors for 1.15. Expires tomorrow.
#SPXcampaign Expired: $SPX Nov 26th 2560/2580-2690/2710 condors, sold Friday for 1.15.
#SPXcampaign Sold $SPX Dec 7th 2720/2745 call spreads for 5.80.
#SPXcampaign Sold to Open $SPX Nov 26th 2560/2580-2690/2710 for 1.15. Expires Monday.
#SPXcampaign Closed $SPX 2600/2620/2705/2725 condors for .20. Sold for .95 on Wednesday.
#SPXcampaign Sold to Open $SPX Nov 23rd 2600/2620 – 2705/2725 condors for .95. Expire Friday.
#SPXcampaign Sold to Open $SPX Nov 21st 2550/2570-2740/2460 condors for .85. Expires tomorrow.
#SPXcampaign Stopped out on my 2685/2665 put spread for 3.75. Will roll into a longer term spread.
#SPXcampaign STO $SPX Nov 19th 2665/2685-2780/2800 condors for 1.15. Volatility the lowest of the week, so this is a much narrower condor than the previous one. I’m expecting it to be a low volume week, but those can sometimes result in fairly quick rallies.
#SPXcampaign BTC $SPX Nov 16th 2630/2650 put spreads for .10. Condor sold for 1.15 yesterday. I’ll let the 2790/2810 call side expire. Selling one for Monday later today.
#SPXcampaign Everything just started happening on this spike down. Multiple orders filled:
BTC $SPX Nov 15th (monthlys) 2765/2785 call spreads for .30. Puts closed earlier for .05. Condor sold yesterday for 1.05. Removed overnight gap risk.
Sold to Open $SPX Nov 16th 2630/2650/2790/2810 condors for 1.15. The volatility bump got me filled. Mid-price said only .80 a few minutes ago.
Also: Bought to Open $VIX Jan15th 16 puts for .75. My Nov puts didn’t work, my Dec puts might, and now I have Jan!
#SPXcampaign BTC $SPX 1-dte Nov 15th (monthlys) 2580/2560 put spread for .05. Order in to close 2765/2785 call spread for the same. Condor sold yesterday for 1.05. Cannot allow to expire because these monthlys settle tomorrow morning, and a gap could kill you.
I will be selling another one for tomorrow afternoon expiration.
Also, stopped $SPX Nov 23rd 2650/2630 put spreads for 5.25. Condor sold as a roll last week for 2.80. Will look into a new roll. I stopped this out after this morning’s dip… it looks now like that may have been a bottom, at least for short term. At least, I waited to close after the bounce was well underway.
#SPXcampaign Sold to open $SPX Nov 15th (monthlys) 2560/2580-2765/2785 condors for 1.05. Stop trading at tomorrow’s close, but settling Friday morning. So I will be closing the full position tomorrow.
#SPXcampaign BTC $SPX Nov 14th 2645/2625 put spread for .15. Condor sold yesterday for 1.15. Leaving calls to expire.
#SPXcampaign On this morning’s strength, don’t want to get stuck in this one if we continue higher, so taking a smaller loss now rather than facing a bigger roll decision in a few days.
BTC $SPX Nov 30th 2790/2815 call spreads for 7.35. Sold for 6.25 yesterday.
Jeff all texts here sent to me by email.
I am having all text here as emails, I did not put a check mark in Notify me of new comments via email. I appreciate if you would let me know how can I fix it. Also I can not replay to comments because there are no replay under the comments. However, I can replay to comments if there are 1 or 2 replied to the comments because I can see the reply sign underneath it, but not under a message with no replay.
For example, I can not replay to your comment today:
#SPXcampaign Sold to Open $SPX Nov 14th 2625/2645/2775/2795 condors for 1.15. Expires tomorrow. Stop is 10 points before short strikes. because there is a replay underneath it.
I only can replay to the following comment because thomberg1201 replied to Ramie comment, please see underneath:
Ramie 2 hours ago
AAPL Falling Knife
This seems safe but who knows…
Sold $AAPL Jun 21 2019 130 puts @ 1.30
thomberg1201 an hour ago
I sure hope that is safe
#SPXcampaign Sold to Open $SPX Nov 14th 2625/2645/2775/2795 condors for 1.15. Expires tomorrow. Stop is 10 points before short strikes.
#SPXcampaign Sold to Open $SPX Nov 30th 2790/2815 call spreads for 6.25.
#SPXcampaign BTC $SPX Nov 30th 2675/2700/2875/2900 condor for 7.95. I legged into this condor for 11.25 total. Had to close it today… all the profit came from the call side.
#SPXcampaign Bought to close $SPX Nov 12th 2730/2710 put spread for 1.20, breakeven covering commissions of the condor sold for 1.25 on Friday. I was trying to change my order for a lower price, but it drops so quickly on the tiniest of bounces that it grabbed my bid before I could change it.
I’ve been discussing these trades with some people today and comparing performance. I think one of my weak spots is entering these trades too late in the day, and also after a bounce has already dropped volatility dramatically. I believe if I had entered this condor an hour earlier on Friday, I could have been 20 or 30 points farther out of the money. I’ll be watching this closely for a good entry tomorrow for Wednesday expiration.
#SPXcampaign Sold to Open $SPX Nov 12th 2710/2730/2815/2835 for 1.25. Expires Monday.
#SPXcampaign Sold $SPX Nov 23rd 2630/2650/2850/2870 condors for 2.80, as a roll from 1-dte spread stopped earlier. I’ll stop this if premium on either side doubles to 5.60.
#SPXcampaign BTC $SPX Nov 9th 2765/2745 put spreads for 2.80. Condor sold at the close yesterday for 1.10. Leaving the calls to expire.
Once we breached 2775 I started riding my exit order. Unfortunately yesterday ended the day with such low volatility that the condor was not very wide to get the 1.00 minimum premium.
I’m continuing to do this on-going. I’m 2 and 2 so far, and about breakeven on P/L since losses are about same size as wins on average. Considering a longer term trade to roll this one while the 1-dte trades continue.