UBER roll

#Earnings #StrangleRoll #ThatDidntTakeLong

Sold this strangle Friday as a roll from losing #LongStraddle. Already breached, so rolling. Fortunately, the ATM options are not much more than the strangle sold for.

BTC $UBER June 14th 37/43 #ShortStrangle for 1.40. Sold for 1.00 on Friday.
STO $UBER June 21st 40/46 #ShortStrangle for 1.05


I skipped all earnings trades just to watch the carnage.

In the most benign trade ever:
Closed on GTC order: $GUSH Dec 45 calls for .25. Sold in August as part of a #StrangleRoll. My 21 puts are threatened….. that’s why I never sell puts in these things!

Calls closed

BTC $FB Oct 12th 172.5 call for .14. Sold for 1.20 on 9/20
BTC $FB Oct 19th 172.5 call for .40. Sold for 2.00 on 9/26

Earlier in the day:
Stopped $AAPL Oct 26th 232.5 call for 4.50. Sold 220/232.5 #StrangleRoll for 4.76 on 10/1
#StrangleRoll Sold Oct 26th 222.5/235 strangle for 5.01

Stopped out

Strikes breached so stopping out. I will wait to consider rolls tomorrow. The bottom could be in at any second here, but since it looks like we’re entering a Downside Warning, I have to be ready for more downside in the coming days.

BTC $SQ Oct 26th 94 puts for 4.65. Sold in 94/105 #StrangleRoll for 5.50 on Friday. Will leave the 105 calls in place.
BTC $FB Oct 19th 157.5 puts for 3.90. Sold for 2.30 on Tuesday.


AAPL roll & TSLA quickie

BTC $AAPL Oct 12th 215 put for .35. Sold for 2.05 on Sep 25th
Stopped AAPL Oct 12th 227.5 call for 3.65. Sold for 2.13 on Sep 20th.
#StrangleRoll Sold AAPL Oct 19th 222.5/235 strangle for 3.21.

BTC $TSLA Oct 5th 320 call for 1.00. Sold yesterday for 5.75.

AAPL roll

BTC $AAPL Oct 5th 215 puts for .15. Sold for 1.78 on Sep 15th.
Stopped: $AAPL Oct 19th 227.5 calls for 3.90. Sold for 2.10 on Sep 25th.
#StrangleRoll: Sold Oct 26th 220/232.5 strangles for 4.75

SQ roll

#CoveredCallCampaign #StrangleRoll

BTC $SQ Oct 19th 97 calls for 4.40. Sold yesterday morning for 1.60.
STO $SQ Oct 19th 88/100 strangles for 5.00

TSLA roll

#Earnings #StrangleRoll
BTC $TSLA Sep 21st 260 put for .59. Sold for 11.95.
Stopped TSLA Sep 21st 300 calls for 7.80. Sold for 3.35.
Rolled to: Sold Sep 28th 275/322.5 strangles for 8.20.

Covered Calls

#CoveredCallCampaign BTC $FB Sep 7th 167.5 puts for .20. Sold in a #StrangleRoll a couple weeks ago.
Sold $FB Sep 21st 185 covered call for 1.50.

Yesterday, BTC $BABA Sep 14th 195 covered call for .15. Sold for 1.50 the day after earnings, 8/23.

Covered Call type of morning in PDX

Back home at last… slept well so keeping jet lag at bay!
#CoveredCallCampaign #SyntheticCoveredCalls Since I’ve been trading lighter I mostly only have long stock and long #LEAPs positions. Looking for new entries… who’s got something?

Wednesday I was over the Pacific without enough WiFi megabytes to trade, so fortunately the market didn’t do much.

Tuesday: BTC $SQ 75 calls for 1.55. Small loss. #StrangleRoll: Sold Aug 31st 73.5/78.5 strangles for 1.95.
Tuesday: BTC SQ Aug 24th 76 call for 1.16 & Aug 31st 76 call for 1.96. Breakeven combining the two.
Today: #Rolling Sold SQ Sep 7th 79 call for 1.55; sold Sept 7th 80 call for 1.50

Today: Sold $BABA Sep 14th 195 Covered Call for 1.50

Tuesday: Rolled $AAPL Aug 24th 202.5 #CoveredCalls to Aug 31st 205 covered calls, breakeven. Still underwater on this one but managing to creep my strike up.

Today: Sold $FB Sep 14th 182.5 covered call for 1.45.

Today: Sold $AMAT Aug 31st 43 covered call for .80. This #PieTrade is a stinker… not much premium to work with.


Wednesday Trades

#Earnings #Rolling Sold $TSLA Aug 24th 332.5/340 strangles for 18.60.

#CoveredCallCampaign Stopped $FB Aug 31st 180 puts for 3.40. Sold Sep 7th 172.5/187.5 #StrangleRoll for 3.07.

#ContangoETFs Stopped $GUSH Dec 32 put for 6.20. Sold for 5.05 in a strangle-roll months ago.
#StrangleRoll: Sold GUSH Dec 21/45 strangles x2 for 3.87.
Also, closed GUSH Sep 62 call for .10. Sold for 1.60.

#PieTrades BTC $OLED Aug 17th 120 call for .20. Sold for 2.00 on Friday.
BTC $MU Aug 24th 53 call for .10. Sold for .85 on Monday.


Catching up on posting from the last 7 days…

TODAY (Monday)
Sold $AAPL Aug 24th 202.5 #CoveredCalls for 7.00. This replaces the Aug 17th 202.5 calls I closed last week for 7.40, to avoid being called away on the ex-div date. I’m rolling ITM calls after earnings trade got breached.
Sold $SQ Aug 24th 76 call for 1.25, and Aug 31st 76 calls for 1.23

Sold $PYPL Aug 31st 90 calls for 1.10. A roll-up from Aug 24th 87.5 calls stopped last week.

Sold $MU Aug 24th 53 covered call for .85. #PieTrades

#Rolling #StrangleRoll $TSLA Aug 17th 332.5 calls to Aug 17th 332.5/335 strangles for .65 credit. Will roll soon to avoid early assignment.

#Earnings Bought $YELP Aug 10th 38.5 #LongStraddles for 4.94. Sold the calls next day for 9.95. This trade usually works on YELP.

Stopped $FB Aug 24th 187.5 covered calls for 3.85. Rolled to Aug 31st 180/195 strangles for 3.83. Looks like I got stopped at the top. #CoveredCallCampaign.

#PieTrades Rolled $AMAT Aug 10th 46.5 covered call to Aug 17th 46.5 for .30 credit.

#VXXGame Closed $VXX Sep 21st 50 call for .46. Sold for 5.65 on April 17th.

BABA put

#CoveredCallCampaign Earlier, closed on GTC order: $BABA July 20th 180 put for .29. Sold for 2.88 on June 26th as part of a #StrangleRoll. Looks like the 202.5 call side will probably close on its GTC order in a couple days.

BABA roll

#CoveredCallCampaign Yesterday, Closed $BABA July 6th 190 put for 4.50. Sold for 1.20.
#StrangleRoll Sold July 20th 180 put for 2.88, and July 20th 202.5 call for 2.05.

SQ and TQQQ rolls

#LEAPs #CoveredCallCampaign I had call strikes breached on both of these today.

Closed $TQQQ June 29th 62.5 calls for 2.15. Sold for 1.20 last Wednesday.
Sold TQQQ July 6th 59 puts for 1.25 as a partial #StrangleRoll. I will sell call side at new highs.

Stopped $SQ June 29th 63.5 call for 2.23. Sold for 1.60 last Wednesday.
Stopped $SQ July 6th 63.5 call for 2.39. Sold for 1.77 on June 5th.
Stopped $SQ July 6th 63 call for 2.49. Sold for 1.40 last month.

Sold SQ July 13th 60 puts for 1.34 and 1.40, part of a #StrangleRoll. Will sell calls at new highs.

#LEAPs QQQ Question if anyone…

#LEAPs QQQ Question if anyone wants to opine. I bought 1 QQQ Jan 2020 161 Call @ 19.50. I gave up trying to sell calls against it because of the recent uptrend. I kept having to buy them back, adding to my basis which is now about where I started. I have a nice profit in the call and am wondering where to go from here. I see four options. Try to sell another call against it. Close the position and TTMAR. Roll the call up to say the 165 strike. Or do nothing. If I were to sell a call would it be better to go further out or continue the weeklies trying to whittle away the original basis. Thanks in advance for all your opinions and support.

#strangleroll, #syntheticcoveredcall

BABA roll

#CoveredCallCampaign #CoveredCalls
Closed $BABA June 8th 207.5 covered call for 2.65. Sold in strangle-roll for 5.28 on May 10th.
#StrangleRoll Sold BABA July 6th 190/220 strangle for 3.37.

Pie, CC, & Leap trades

#PieTrade BTC $AMAT June 1st 51.5 call for .12. Sold for .75 on Tuesday.
Sold June 8th 52.5 call for .55.

#CoveredCallCampaign #coveredcalls
BTC $BABA June 8th 190 put for .25. Sold in a #StrangleRoll for 5.28 on May 10th.
Sold $FB June 29th 200 call for 1.90.

#LEAPs #SyntheticCoveredCall
BTC $TQQQ June 8th 52.5 puts for .20. Sold in a #StrangleRoll on May 14th for 2.10 (effective price)

Gush dump

#ContangoETFs Closed $GUSH Dec 46 call for 9.90. Sold on Apr 4th for 4.00.
Order filled on the way down, and then it dropped a lot more. Using a #StrangleRoll on this… it’s quite doubtful that both of these strikes will expire, but I’ll take the premium now and deal with any breaches later.
Sold GUSH Dec 32/57 strangle for 10.55.

TQQQ trades

#LongLEAPs #SyntheticCoveredCalls
Closed $TQQQ June 1st 140 put for .35. Sold in 140/170 #StrangleRoll for 5.00 on May 9th.

TQQQ & SQ rolls

#LongLEAPs Closed $TQQQ June 1st 170 #SyntheticCoveredCall for 6.00. Sold in a #StrangleRoll on May 9th.
Sold $TQQQ June 8th 157.5/177.5 strangle for 6.30.

Closed $SQ June 8th 56 call for 1.60. Sold for 1.88 last Thursday. Will wait to roll on the next move up.

Covered Calls

#CoveredCalls #CoveredCallCampaign #Rolling
It’s all fun and games until you get blown out to the upside. It’s a nice problem to have, however, as stock holdings nice for the portfolio.

BTC $BABA May 25th 197.5 covered call for 4.95. Sold Friday for 1.70.
#StrangleRoll Sold BABA Jun 8th 190/207.5 strangle for 5.28.

BTC $FB May 18th 180 call for 5.72. Sold in a strangle-roll after earnings for 1.40. I don’t know how I missed this one going so far ITM this week. Confusing with FB, AAPL, and BABA all near the same price.
STO $FB June 8th 180 put for 2.40. Waiting to sell call.
BTC $FB May 18th 165 put for .07. Sold after earnings for 1.50.

BTC $SQ June 1st 52.5 call for 2.75. Sold for 1.35 on Monday
STO $SQ June 8th 56 call for 1.88
STO $SQ June 8th 50 put for 1.05

TQQQ roll

#LongLEAPs #SyntheticCoveredCall
Short call got breached so executed #StrangleRoll
Closed $TQQQ May 18th 160 call for 5.00. Sold for 1.60 on Friday.
Sold TQQQ June 1st 140/170 strangle for 5.00.

Covered Calls

#CoveredCalls #CoveredCallCampaign #Rolling
Sold to Open $SQ June 1st 52.5 call for 1.35

Sold to Open $AAPL June 8th 195 call for 1.75
Stopped: AAPL June 1st 187.5 covered calls for 3.85. Sold for 1.58 on Friday.
#StrangleRoll Sold June 15th 175/195 strangles for 3.45

FB roll

#Earnings #CoveredCallCampaign #StrangleRoll #ShortStrangles
Closed $FB Apr 27th 170 call for 2.95. Sold for 1.00 on Wednesday.
Sold FB May 18th 165/180 strangle for 2.92.

RH trade closed

#Earnings #ShortStrangle #StrangleRoll
Closed $RH Apr 20th 87.5 puts for .60. Sold as the 87.5/100 #StrangleRoll from breached short calls for 4.535 on Mar 29th. Letting the calls expire. Total profit in trade, 2.11.

RH roll

#Earnings #StrangleRoll
BTC $RH Mar 29th 91.5 calls for 4.30. Sold in 65/91.5 earnings strangle for 2.53 on Tuesday.
STO $RH Apr 20th 87.5/100 strangles for 4.535.

BABA strangle-roll

#CoveredCalls #CoveredCallCampaign #StrangleRoll
Stopped: Bought to close $BABA Apr 6th 197.5 covered call for 5.90. Sold for 1.70 on March 2nd.
StrangleRoll: Sold BABA April 20th 190/210 strangle for 7.50.

A fairly aggressive roll, but when I own the stock it boosts my confidence 🙂

OLED earnings repair

#Earnings #ShortPuts #ShortStrangles #StrangleRoll
Yesterday, sold $OLED Feb 23rd 140 puts for 2.15 and 2.25. In what was clearly an error by the trading Gods, the stock went down rather than up. So I’m rolling into a tight strangle because I know exactly where this stock will be on March 16th.

BTC OLED Feb 23rd 140 puts for 10.40.
STO OLEN March 16th 135/140 strangles for 12.85

SVXY rolling

#VXXGame #StrangleRoll
Closed $SVXY Feb 115 call for 12.75. Sold in the 80/115 strangle for 13.85
Closed SVXY Dec 15th 95 put for .93. Sold for 5.25 on Oct 20th

Sold SVXY March 75 put for 4.10
Selling SVXY June 150 call for 10.00 (not filled yet)

SVXY roll

#VXXGame #StrangleRoll
BTC $SVXY March 104 call for 18.40.
STO $SVXY March 85/122 strangle for 19.35

Also, earlier, sold $VXX Nov 17th 38 put for 4.00.

VXX Game folly

#VXXgame BTC $SVXY Oct 20th 90 call for 18.00. Sold for 2.65 on Aug 25th. This one slipped past me, should have rolled much earlier.

BTC $VXX Oct 20th 44 put for 10.00. Sold in a #StrangleRoll for 5.86 on 9/22. Part of the #LongPutDiagonals. Not rolling these anymore… waiting for some volatility to sell any more options against the long positions.

VXX rolling

#VXXGame #LongPutDiagonals #Rolling #StrangleRoll
As $VXX and $UVXY continue to bleed out, I’m rolling my last ITM puts into strangles.

BTC VXX Sep 22nd 47 puts for 5.75.
Sold VXX Oct 20th 44/50 strangle for 5.86
Sold VXX Oct 20th 43/46.5 strangle for 5.45

I’ll see another next week. Managing the weeklys on this long trade has gotten messy, but it keeps me busy!

AZO closed, REGN rolled

#Earnings #ShortStrangles

Bought to close $AZO Sep 22nd 505/630 strangles for .55. Sold yesterday for 3.20. Didn’t want to wait and see if it decides to tank again.

Closed REGN Sep 29th 430 put for 8.50. Sold in the 430/530 strangle for 7.40 on Aug 23rd. 530 call previously closed for .20.
#StrangleRoll: Sold Oct 6th 412.5/447.5 strangle for 9.30.

Like a friend who stays longer than you expected…

#Earnings #StrangleRoll Looks like I am committing to a longer term relationship with $RH. Not happy about my sloppy exit, but what’s done is done.

BTC RH Sep 8th 64.5 calls for 7.05
STO RH Oct 20th 65/75 strangles for 6.70. Sold an extra 65 put for 3.90, to give me a roll credit of .43 on the whole trade. I will manage this similarly to #PerpetualRollingStrangles

VXX rollers

#LongPutDiagonals #CoveredPuts #Rolling
BTC $UVXY Sept 1st 30 puts for 1.44. Sold for 1.10 on Aug 18th.
Sold to Open Sept 8th 29 puts for 1.77.

BTC $SVXY Sep 15th 77.5 put for 4.20. Sold for 3.70 on July 27th.
STO $SVXY Oct 20th 55/90 strangle for 4.64 (legged in)

SVXY roll

#VXXGame Yesterday, bought to close $SVXY June 16th 130 call for 12.45. Sold for 6.40 on Dec 21st.
Today, #StrangleRoll, Sold Dec 95/210 strangle for 12.90

DUST rolls

#ContangoETFs #StrangleRoll In the DUST game again after a long absence!

Bought to close $DUST May 19th 35 calls for 2.80. Sold for 1.40 on Apr 19th.
Rolled into a strangle: Sold June 16th 24/47 strangles for 2.85.

Now that DUST in plummeting, I clearly rolled this too early.

Also, sold to open DUST Jan 19th 2018 85 call for 4.00.

SVXY roll

#VXXgame #StrangleRoll Getting out of ATM and ITM SVXY call positions, one at a time…

Bought to close $SVXY Jun 16th 140 call for 12.75. Sold for 6.60 on Jan 20th
Sold to Open SVXY Jun 16th 135/155 strangle for 13.15

Also, BTC UVXY May 5th 40 call for .01. Sold for .75 on Apr 13th

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.

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.

FB covered calls

#CoveredCalls #Rolling #StrangleRoll
I’d like to hold the stock through earnings…
Bought to close $FB Jan 13th 126 covered call for 2.09. Sold for .65 on Tuesday.
Sold to Open FB Jan 27th 126 put for 1.03
Sold to Open FB Feb 24th 140 covered call for 1.07

REGN roll

#ShortPuts #StrangleRoll #ShortStrangles
BTC REGN Dec 9th 380 put for 6.55. Sold for 5.00 on Nov 28th
STO REGN Dec 23rd 347.5/400 strangle for 6.55

NFLX roll

#Earnings #StrangleRoll After getting stretched to the upside, it is now the put side of tech trades in trouble. Clearly overdone move, in my view; and overreaction to Trump’s past comments about AMZN, FB, AAPL, etc.

BTC NFLX Dec 15th 115 put for 6.60 (sold for 2.10 avg, still have another)
STO NFLX March 90/135 strangle for 6.86

NUGT rolls

#ContangoETFs BTC Sept 2nd 21 put for 2.60, and Sept 16th 23 put for 5.00. These are ITM and starting to unwind them. I had 5 contracts on each (from the split), doing one at a time. Will look to #ReverseRoll or #StrangleRoll.

NUGT call closed

#ContangoETFs BTC $NUGT Sept 16th 180 call for 1.50. Sold for 9.20 on 6/3.

Looking to #StrangleRoll my Sept 9th 120 put.

NUGT strangle roll

#ContangoETFs #strangleroll
STO $NUGT Aug 19th 105/200 strangle for 24.60. Rolled from Aug 5th 150 call for a 1.60 credit.

SPX strangle roll

#SPXcampaign #strangleroll
Bought to close $SPX June 3rd 1965/1940 put spreads for 3.20. Sold for 1.45 on May 13th.
Sold to open $SPX June 10th 2110/2135 call spreads for 1.20, and June 10th 1890/1865 puts spreads for 1.25. (1.5x position size)

NUGT rolls

#ContangoETFs #StrangleRoll
BTC NUGT Apr 15th 75 calls for 2.975 and 75 call for 6.00
STO NUGT May 13th 55 puts for 2.50, 45 put for .95, and 120 calls for 2.05 (enough quantity to gain a small credit for the rolls)