#SyntheticStock – Another round.

Bought to Close TSLA Mar 15 2024 165.0 Calls @ .15 (sold for 12.85)

Sold TSLA Mar 22 2024 160.0 Calls @ 5.40

#SyntheticStock – Roll down again. Almost keeping up with the drop.

Rolled TSLA Mar 15 2024 170.0 Calls to Mar 15 2024 165.0 Calls @ 2.00 credit (12.85 total now)

#SyntheticStock – Roll down into strength.

Rolled TSLA Mar 15 2024 195.0 Calls to Mar 15 2024 180.0 Calls @ 3.15 credit (6.40 total now)

#SyntheticStock – Roll up and out on the bounce.

Rolled TSLA Feb 16 2024 185.0 Calls to Mar 15 2024 195.0 Calls @ 1.50 debit (3.25 total now)

#SyntheticStock – Another round.

Rolled TSLA Feb 09 2024 182.5 Calls to Feb 16 2024 185.0 Calls @ .25 credit (4.75 total now)

#SyntheticStock – Getting out of the way until we see where this might be going.

Bought to Close FXI Feb 16 2024 23.5 Calls @ .35 (sold for .42)

#SyntheticStock – Another round.

Bought to Close TSLA Feb 02 2024 185.0 Calls @ .25 (sold for 4.30)

Sold TSLA Feb 09 2024 182.5 Calls @ 4.50

#SyntheticStock – Roll down for a little more credit.

Rolled TSLA Feb 02 2024 192.5 Calls to Feb 02 2024 185.0 Calls @ 2.25 credit (4.30 total now)

#SyntheticStock – MInimized the big selloff with the deep in the money short calls.

Bought to Close TSLA Jan 26 2023 195.0 Calls @ .23 (sold for 18.45 and 31.90)

Another round:

Sold TSLA Feb 02 2024 192.5 Calls @ 2.05

#SyntheticStock – Sold FXI Feb 16 2024 23.5 Calls @ .42

#SyntheticStock – Haven’t posted on this one lately. Just been cruising along with front month call in the money waiting on earnings. Added to it today.

Bought TSLA Jan 16 2026 220/220/175 Synthetic Stock @ 38.00

Sold TSLA Jan 26 2023 200.0 Call @ 14.80

#SyntheticStock – Taking a long term shot. Starter position only .22 out of pocket.

Bought FXI Jan 16 2026 25.0/25.0/15.0 Synthetic Stock with Disaster Put @ .45 debit

Sold FXI Dec 15 2023 24.0 Calls @ .23

#SyntheticStock – Sold against Jan 2026 synthetic. Rolling down for a little more premium.

Rolled TSLA Nov 03 2023 202.5 Call to Nov 03 2023 195.0 Call @ 5.00 credit (25.05 toal now)

#SyntheticStock – Still looking weak. Rolling short call down to an even number (possible support) since it looks like the 200 day isn’t holding.

Rolled TSLA Oct 27 2023 212.50 Call to Oct 27 2023 200.0 Call @ 8.50 credit (19.30 total now)

#SyntheticStock – Taking a shot here with plenty of time to work.

Bought TSLA Jan 16 2026 220/220/175 Synthetic Stock @ 54.20

Sold TSLA Oct 27 2023 220.0 Call @ 6.50

Will roll my 4 dollar loss on the earnings trade into this and start with a 58.20 debit. The synthetic keeps a lot more cash in the sweep drawing 5 percent vs taking stock.

EDIT: Rolled next week’s short 220 call down to 212.5 for 4.30 credit. Gives protection down to around the 200 day…(and guarantees a bounce!) LOL

#SyntheticStock – This one never had a chance. Run over from the beginning so never got close to a full position.

The good:

Sold GOOGL JUN 20 2025 95.0/95.0/40.0 Synthetic Stock with Disaster Puts @ 30.00 (basis 8.50)

The bad:

Bought to Close GOOGL JUN 02 2023 95.0 Calls @ 21.85 (sold for 1.75)
Bought to Close GOOGL JUN 02 2023 96.0 Calls @ 21.00 (sold for 2.10)

The result:

Gain of 1.40 on the 95 covered call position
Gain of 2.60 on the 96 covered call position

#SyntheticStock – Been another good run in this one. Seems like it’s due for a rest so taking it off. As always, when covered calls get run over it cuts into (potential) profits. I’ll still take it! 🙂 🙂 🙂

The good:

Sold AMZN JUN 20 2025 100.0/100.0/45.0 Synthetic Stock with Disaster Puts @ 21.45 (basis 4.00)

The bad:

Bought to Close AMZN MAY 19 2023 99.0 Calls @ 13.70 (sold for 2.50)
Bought to Close AMZN MAY 19 2023 100.0 Calls @ 12.75 (sold for 5.45)

The result:

Gain of 6.25 on the 99 covered call position
Gain of 10.15 on the 100 covered call position

#SyntheticStock – Starting small out to Jan 2025.

Bought KRE JAN 17 2025 40.0/40.0/30.0 Synthetic Stock /Disaster Puts @ 3.00

Sold KRE MAY 05 2023 39.5 Calls @ .64

#SyntheticStock – Added one spread at the 100 strike with a disaster put.

Bought AMZN JAN 17 2025 100.0 Call/Sold JAN 17 2025 100.0 Put/Bought JAN 17 2025 50.0 Put @ .55 debit

And:

Sold AMZN DEC 16 2022 93.0 Call @ 1.30 against the new position.

#SyntheticStock – This is the last of my old positions that’s been stuck in limbo. It’s synthetic stock out to 2020 but weekly short calls have been buried DITM for weeks with no relief in site. The position needed a yuuuge move one way or the other and it hasn’t happened. It still could but I’m wasting time waiting. Doing an extreme repair trade here but also improving my cash position and allowing the weeklies to be sold again.

Closed the 400/400/390 synthetic taking an 11.15 loss

Closed the ITM short calls and rolled them….

Rolled them to a Jan 2021 ITM bull put spread for 4.85 debit.

So what now?

I can resume safely selling weekly calls against the position. The BuPS uses zero cash and just a small amount of margin but I’m also giving up any chance of huge profits (or losses!). Strictly a repair trade so as I sell weeklies and book them I plan on using that cash to gradually roll the wings of the BuPS in. At some point I hope to have it pretty narrow and be able to get out at a scratch.

Of course I still would like to see the stock go up but a drop isn’t the end of the world since it’s all defined risk.

I’ll calculate the final numbers tonight to see exactly where I stand but that’s the basic plan.

So:

Sold REGN OCT 19 2018 415.0 Calls @ 1.65

With 5 wide strikes on the bottom end of the BuPS I should be able to move those up one strike with each successful weekly sale.

#SyntheticStock – Just about the last of my old synthetic stock positions. Out to 2019 needing .95 per week to scratch. As this winds down I may add to the 2020 position. Still liking the premium in this.

Bought to Close OLED JUN 22 2018 98.0 Calls @ .05 (sold for 1.15)

Sold OLED JUN 29 2018 92.5 Calls @ 1.15

#SyntheticStock – I guess the Donald isn’t going to punish drug companies as much as everyone was thinking. Unfortunately I might be fighting the recovery in this one. Rolling weekly calls up and out for now similar to a trailing stop. Great premium all the way down at least!

Rolled REGN MAY 11 2018 290.0 Calls to JUN 15 2018 300.0 Calls @ .40 credit

#SyntheticStock – An old “earnings gone bad” repair trade that might actually turn into a nice winner…needs 99 cents per week. Earnings tonight so making an aggressive roll down. See if I can bring this thing back to life…

Rolled OLED MAY 4 2018 105.0 Calls to MAY 4 2018 96.0 Calls @ 1.95 credit (3.50 total now)

#SyntheticStock – An old “earnings gone bad” repair trade that might actually turn into a nice winner…needs 99 cents per week. This week’s 100s look pretty safe so selling next week now. Earnings on May 3rd so keeping it well out of the money for now. I may adjust this prior to the announcement.

Sold OLED MAY 4 2018 105.0 Calls @ 1.55

#SyntheticStock – I’ve covered the initial debit but not the max loss on this one. Converting to straight long calls which reduces the amount of max loss that’s needed to be recovered by 65 cents. With this thing winding down in July every little bit helps. Got a chance to be profitable in spite of the stock being nearly 16 dollars below the core synthetic.

Bought to Close CELG JUL 20 2018 105.0/100.0 Bull Put Spreads @ 4.35