CELG FSLR LUV OLED SVXY and “The GOAT!”

Was out all day today chasing the G.O.A.T. up and down grassy hills in the sunshine. Yes….that’s right…I followed Tiger Woods today in the Honda Classic. Since he was only 45 minutes up the turnpike I couldn’t pass it up. I hadn’t seen him hit a ball in person since the 1999 Byron Nelson tournament down in Ft. Worth. For a lifelong golf nut like myself, it really was a thrill even though he’s the “Old Tiger” and no longer the “Tiger of Old”. Just a lot of fun and a great day seeing him and all the young guns that were in diapers back in 1999 (if they were born yet) 🙂 🙂 .

Along with all that I did manage to find a shady spot and take care of all my #SyntheticStock and #Earnings Friday action that was needed…

Bought to Close CELG FEB 23 2018 96.0 Calls @ .02 (sold for 1.00)
Sold CELG MAR 2 2018 96.0 Calls @ .68

Bought to Close FSLR FEB 23 2018 63.0/66.0/66.0/69.0 Iron Flies @ 2.65 (sold for 2.60) small loss…

Bought to Close LUV FEB 23 2018 58.0 Calls @ .05 (sold for .60)
Sold LUV MAR 9 2018 58.5 Calls @ .75

Rolled OLED FEB 23 2018 145.0 Puts to MAR 16 2018 143.0 Puts @ .30 credit (I’ll sell calls against these for a few weeks and then maybe roll to a new strangle) basis now 138.75

SVXY – Sold almost all of my stock @ 12.90. I think I will now go all synthetic at twice the size (and much less out of pocket). This will indirectly lower my basis in all the former stock positions by half. I’ll get the exact basis on each lot over the weekend. Haven’t decided yet on adding disaster puts…I probably will at some point.

Have a great weekend!

XOM

#SyntheticStock – Different oil stock in a different account. Taking this one way out in time with same size as SLB.

Bought Jan 2020 75/75/72.5 Synthetic Stock @ 7.05 debit

9.55 max loss with 99 weeks to run so .10 per week to cover.

Order in but not filled to sell the hedge for next week…

CTRP

#SyntheticStock – Could be interesting with earnings this week…

Bought Jan 2019 47/47/45 Synthetic @ 5.50

Max loss 7.50 with 47 weeks to run so 16 cents per week to cover…

So:

Aggressive sale the week after earnings with great premium…

Sold CTRP MAR 2 2018 48.0 Calls @ .75

BABA BIDU CELG MU

#SyntheticStock – Rolling weeklies…

BABA: Feb 16th 182.5 to Mar 9th 187.5 @ .66 credit
BIDU: Feb 16th 242.5 to Mar 2nd 247.5 @ 1.40 credit
CELG: Feb 16th 95.0 to Feb 23rd 96.0 @ .05 credit
MU: Feb 23rd 41.5 to Mar 29th 44.0 @ .23 debit

PYPL

#SyntheticStock – Carefully easing the weekly up. I can’t see this thing getting back to it’s all time highs so keeping some downside protection but picking up 1.46 of upside

Rolled PYPL FEB 16 2018 75.5 Calls to MAR 9 2018 77.0 Calls @ .04 debit

SLB

#SyntheticStock – Been looking to get a new one over in the oil patch. Synthetics are pretty diversified so far and this will help even more. I also looked at EOG and HES. Any of them would probably work. Should act as a hedge for my transport (LUV). It’s sitting down in congestion right now but looks to have some upside room.

Jan 2019 67.5/67.5/65 @ 5.35

Max loss: 7.85

48 weeks so need 17 cents average to cover.

#pietrade

AAOI

#SyntheticStock – Repair trade still running. What a dog. Earnings next week and I’m not sure if I want it to go up or down. Actually make a decent profit with it at zero with my put protection. 🙂

Bought to Close AAOI FEB 16 2018 33.0 Calls @ .05 (sold for .55)

Sold AAOI FEB 23 2018 33.0 Calls @ 1.10