#SyntheticStock – Earnings next week. If we get a little run up to a flat delta I’ll book it before. Keeping the sale tight and since it’s in an #IRA I have to close before I can re-sell.
Bought to Close MAT JAN 26 2018 17.5 Calls @ .05 (sold for .27)
Sold MAT FEB 2 2018 17.5 Calls @ .85
#SyntheticStock – Don’t want all of my eggs in the AAL basket so taking a shot with LUV…
Synthetic Stock:
Sell to Open LUV JAN 18 2019 60.0 Puts @ 5.89
Bought to Open LUV JAN 18 2019 60.0 Calls @ 6.64
Disaster Puts:
Bought to Open LUV JAN 18 2019 57.5 Puts @ 4.75
This gives a net debit of 5.50 for the Jan 2019 position. Add the 2.50 point max downside and get a max loss possibility of 8.00. Based on that, and the 51 weeks remaining in the trade I only need to average about 16 cents per week in sales to cover the absolute worst case scenario.
Giving it a little breathing room in the beginning until I see how the recovery goes:
Sold LUV FEB 2 2018 61.5 Calls @ .41
Well crap! I’m running out of time and ran out of hope and ideas on this one, I can’t catch up and she’s not coming back.
STC EWZ 17JAN20 +41C-41P+36P, BTC EWZ Jan26’18 41 calls.
I walked down the tracks too long and the freight train hit me. Lost 0.85 on 10 contracts. The good news is you guys have shared ideas that have more than made up for that loss. Thanks!
#SyntheticStock – Rolling weeklies again into earnings week as high as I can for a credit…
Rolled Feb 2nd 390 calls to Feb 9th 400 calls @ .31 credit
Rolled Feb 2nd 395 call to Feb 9th 407.5 call @ .19 credit
#SyntheticStock – One of my last ones where the weekly was run over from almost the second I set the trade. Been running negative deltas for awhile. This pullback is giving me a chance to get out at even. Lousy fills out in 2020 or would’ve been a decent profit.
Sold Jan 2020 15/15/12 synthetic stock
Bought Apr 2018 16 calls
Made $36.50 after commissions! 🙂 🙂
#SyntheticStock – Clearing the 50 ma and looking like it’s finally getting some air under it. Rolling weekly out and up. All weeklies are now next week with earnings the following week. Lots of options going into that high IV.
Rolled REGN JAN 26 2018 380.0 Call to FEB 2 2018 390.0 Call @ 1.70 debit
#ShortPuts #IRA – Missed this one earlier…
Sold TXN APR 20 2018 105.0 Put @ 3.00
#SyntheticStock – Delta was approaching zero so closing and hoping for a pullback to reset…or might reset anyway 🙂
Closed July 50/50/48 synthetic
Closed Jan 26th 51 calls
Net gain of 75 cents on a six day trade. Thanks guys (and gals)!
#SyntheticStock – I should be really enjoying this gold run but not so much. Another weekly sale that’s absolutely gotten run over. Rolling the whole thing up to get back to long deltas but still leave a little cushion for a pullback. Disaster puts were only 2 points below so leaving them in place for now.
Rolled Jan 2020 122/122 synthetic up to 124 (leaving 120 puts in place)
Rolled Mar 2018 124 calls up to 126
All for .35 credit…
#SyntheticStock – Weekly sales…
Bought to Close SVXY JAN 26 2018 139.0 Calls @ .10 (sold for 1.85)
Sold SVXY FEB 2 2018 136.0 Calls @ 1.40
#SyntheticStock – This trade makes me a little queasy thinking about how much the weekly sale has cost me…LOL. The synthetic originally started at 1000 and has been blocked ever since after a few initial call sales. Rolling up again to keep some long deltas but leave a lot of downside room. Should make weeklies easier to roll up IF the stock ever quits going up.
Rolled Jun 2019 1150/1150 synthetic up to 1250/1250
Rolled Jun 2019 760 disaster put to 810
Rolled Feb 1110 short call to Feb 1210 short call
Whole package cost 1.63 debit but gets the position sitting a little better for rolling…
#SyntheticStock – He’s got me convinced…LOL. Staying small so not a lot of risk.
Sold GS JAN 18 2019 260.0 Puts @ 22.50
Bought GS JAN 18 2019 260.0 Calls @ 25.35
Bought GS JAN 18 2019 250.0 Puts @ 18.08
This gives a net debit of 20.93 for the Jan 2019 position. Add the 10.00 point max downside and get a max loss possibility of 30.93. Based on that, and the 51 weeks remaining in the trade I only need to average about 61 cents per week in sales to cover the absolute worst case scenario.
Giving it a lot of breathing room in the beginning until I see how the squeeze plays out:
Sold GS FEB 16 2018 275.0 Calls @ .95
#SyntheticStock #IRA – Posted the details last week with all the nuts and bolts. Adding 1 for fun…
Bought Jan 2019 SVXY 135/135/132.5 Synthetic Stock / Disaster Put @ 38.35
About 80 cents a week to cover worse case scenario…
Sold SVXY FEB 2 2018 138.0 Call @ 1.80
#SyntheticStock -Got a little cash to put to work now and this one is finally starting to perk up. Not the strikes I would normally use but since it’s an add to an existing position I’ll use the same ones but getting in for about 3 dollars less.
Bought REGN Jan 2020 400/400/390 Synthetic Stock / Disaster Put @ 66.25
Sold REGN FEB 2 2018 395.0 Call @ 2.50
Posted all the details in the original trade but about 90 cents a week to cover worse case scenario.
#SyntheticStock – Booking this one also. Caught it right at the squeeze and we’re in day 9 now so gotta be close to a rest (or maybe phase 2 ? ) Just crossed into negative deltas so outta here. I’ll get back in on a pullback or sell something for earnings.
Sold to Close Jan 2019 175/175/170 synthetic
Bought to Close Jan 26 2018 182.5 calls @ 5.30
Net credit including weekly sales (only one sale…LOL) of 20.25 with initial cost of 16.64 for a 3.61 winner.
#SyntheticStock – Just got a UOA bearish alert on KR. Was debating about booking it anyway after this nice run so went ahead and closed it. Of course it’ll now be free to run on to glory…LOL
Sold to Close July 28/28/26 synthetic
Bought to close Feb 9 30.5 calls
Net credit plus weekly premium received totals 2.47 with an entry of 1.87. 60 cents on a decent size position. Quick little trade and on down the road. 🙂 🙂
#SyntheticStock – Had two of these going. One as a repair trade and one as a new trade.
Strikes were:
Jan 2019 105/105/100 and Mar 2 111 calls
Jan 2019 115/115/110 and Feb 2 116 calls
With the stock looking a little stronger I rolled all of the lower strike positions up to match the higher strikes in all positions. Did the whole bundle for a 2.85 credit. Much easier to track and trade now and brought in a little cash as well.
KR
#syntheticStock – “To Hedge or not to Hedge that is the question”
I entered the July trade 28/28/26 with a total debt 3.65 requiring 0.14 a week to cover. At the time of opening the trade I missed selling a hedge call, position started moving in the right direction so I decided to hold back, that is until Friday when I sold 02/02 31 at 0.17. The way the trade was going makes you wonder if you’re sometimes better off not to Hedge, or at which point to cover.
Would appreciate any thoughts on this.
#SyntheticStock – Actually caught the breakout on this one. Looks due for a rest so keeping weekly sales close and will book the trade if overall delta approaches zero.
Rolled AGN JAN 19 2018 180.0 Calls to AGN JAN 26 2018 182.5 Calls @ .25 credit
#Fuzzy #SyntheticStock – I’ll take shot since @Iceman pointed this out. Big squeeze on the daily with 50ma turning up. Decent weekly premium as well. Earnings in two weeks…
July 16/16/14 synthetic long with disaster put @ 1.60 debit and 3.60 max loss
3.60 max loss with 26 weeks remaining need to sell 14 cents per week to cover worse case scenario
So:
Sold MAT Jan 26 2018 17.5 calls @ .27
#Earnings -Thanks @Jeff for the reminder. Taking a page out of my “Turbocharge Your Fuzzy” post from last week. Looking at NFLX…where would I be happy setting up a #Fuzzy or a #SyntheticStock position? I would say right where Jeff was selling at the 50ma looks pretty good. If it doesn’t get there then great premium. If it does get there I can live with the entry for a new long position.
Sold NFLX JAN 26 2018 205.0 Put @ 2.69
Sold NFLX JAN 26 2018 202.5 Put @ 2.13
Sold NFLX JAN 26 2018 200.0 Put @ 1.68
EDIT…strange numbers on the fills since I did it as a single entry for 6.50 total.
#fuzzy #syntheticstock BTC Jan19 89call $0.05 STO Jan 9 $0.51… STO Jan26 90call $0.49..
Core is Jun 85/85/82 $5.78….$0.40 per week to cover max loss.
#syntheticStock – Popping out of a tiny squeeze so giving it some room.
Rolled KR JAN 26 2018 29.5 Calls to KR FEB 9 2018 30.5 Calls @ .07 debit
#SyntheticStock – This one is working nicely. No crazy moves (yet). Earnings on the horizon (Feb 8 est) so still selling prior to that.
Bought to Close REGN JAN 19 2018 380.0 Call @ .20 (sold for 1.80)
Bought to Close REGN JAN 19 2018 380.0 Call @ .25 (sold for 1.80)
Sold REGN JAN 26 2018 380.0 Call @ 3.00
Sold REGN JAN 26 2018 380.0 Call @ 3.10
Strange fills. One for 2.80 credit and one for 2.85…
#SyntheticStock -weekly getting run over again and I was very careful selling them… 🙂 Hard to predict that move (again). Trade is out to 2020 so plenty of time. Debit roll picking up 1.07 of upside.
Rolled GLD FEB 2 2018 122.0 Calls to GLD MAR 16 2018 124.0 Calls @ .93 debit (that erases all the weekly sales so far)
#SyntheticStock – I’ve got 2 of these going…
ADSK #1:
Rolled ADSK FEB 9 2018 108.0 Calls to ADSK MAR 2 2018 111.0 Calls @ .69 debit (picking up 2.31 of upside)
ADSK #2:
Bought to Close ADSK JAN 19 2018 115.0 Calls @ .05 (sold for .47)
Sold ADSK FEB 2 2018 116.0 Calls @ .95
Taking a free 10 day trial here. Been following him awhile on Twitter and seems to do pretty good. Specializes in buying pre-earnings straddles. Maybe I can stumble on to something here that we can use…similar to some Whiz trades that eventually became the #SyntheticStock and #Fuzzy trades here.
Would be fun to have pre, current, and post earnings trades going!
I’ll keep you posted. 10 day trial and then I’ll probably stick around another month with earnings really cranking up….
https://steadyoptions.com/
#ShortStrangles – Still slogging away on this. Considering tripling the size and rolling it into #SyntheticStock . Might get me out of it sooner..
Bought to Close AAOI JAN 19 2018 37.5 Calls @ .05 (sold for .90)
Sold AAOI JAN 26 2018 34.5 Calls @ .70
#SyntheticStock #Fuzzy – I’ve been watching everyone trade this recently so thanks for getting it on my radar. Weeklies with decent premium and a little pullback. Exactly what I look for to get in these types of trades. I’m going hybrid again…in between a 90 day Fuzzy and a full blown LEAP. Taking it out to July to give it some time.
Sold EXAS JUL 20 2018 50.0 Puts @ 7.55
Bought EXAS JUL 20 2018 50.0 Calls @ 7.37
Bought EXAS JUL 20 2018 48.0 Puts @ 6.50
This gives a net debit of 6.32 for the Jul 2018 position. Add the 2.00 point max downside and get a max loss possibility of 8.32. Based on that, and the 26 weeks remaining in the trade I only need to average about 32 cents per week in sales to cover the absolute worst case scenario.
So:
Sold EXAS JAN 26 2018 51.0 Calls @ 1.15
#SyntheticStock – Using this little dip to get my core up to the 50ma. Eventually the weekly will become rollable again. Goal is to get it expired or closed for minimal debit at some point.
Rolled June 2019 1100 synthetic up to 1150
Rolled June 2019 700 disaster put up to 760
Rolled Feb 2018 1060 call up to 1110
Did it all for a 2.84 debit. I’ll take that out of the 40 points of weeklies sold earlier…
#SyntheticStock – Followed Fuzzy’s lead on this one and closed it out, my net delta was around zero after the stock blasted off. BTC MGM Jan26’18 34.5 calls for 1.88, STC MGM Jan’19 +32call -32put +27put for 5.46. After all said and done made 2.81 per contract on this trade, unfortunately only had 2 contracts as I put this one on back before I became a believer 🙂
#SyntheticStock -Taking a small shot for fun. Pretty low risk and leaving room to add…
Sold SVXY JAN 18 2019 135.0 Puts @ 40.74
Bought SVXY JAN 18 2019 135.0 Calls @ 39.52
Bought SVXY JAN 18 2019 132.5 Puts @ 39.18
This gives a net debit of 37.96 for the Jan 2019 position. Add the 2.50 point max downside and get a max loss possibility of 40.46. Based on that, and the 52 weeks remaining in the trade I only need to average about 78 cents per week in sales to cover the absolute worst case scenario.
So:
Sold SVXY JAN 26 2018 139.0 Calls @ 1.85
#SyntheticStock #IRA – Nicely profitable and overall delta almost to zero so time to bail out. I’d maybe hang around a little longer but the size was a little bigger than I’m used to so walking away.
Closed synthetic stock and weekly calls @ 1.62 net credit.
Weekly premium sold added up to 1.60
Total credit of 3.22 with trade entry of 1.42 so net gain of 1.80
#SyntheticStock #IRA – Up near resistance now so instead of rolling I’m booking the winner and waiting for a better entry…
Sold Jan 2019 40/40/35 Synthetic Stock @ 5.69
Bought to Close EWZ JAN 19 2018 40.0 Calls @ 3.25
Weekly premium sold of 1.85 plus closing credit of 2.44 for a total credit of 4.29. Trade entry of 3.00 so nice net gain of 1.29 in spite of my weekly sale getting blown through…
#Fuzzy #SyntheticStock – No that’s not another California wildfire you smell…it’s me thinking! I’ve got a small list of tickers that I would be very interested in adding a Fuzzy or synthetic position to. With earnings coming up on all of these I was considering selling some aggressive puts down in areas I would like to add the Fuzzy anyway. Kinda like selling puts to acquire stock and then writing covered calls.
Since I tend to have bigger synthetic positions than I would with real stock, these put sales look like they could be quite profitable if the stock doesn’t happen to pull back enough. Another option would be to sell spreads too…then if the stock implodes the Fuzzy wouldn’t be down hardly any at all when it gets set. Or…sell naked puts at half size and then if the stock implodes add the other half down at that level. Either way…just roll the loss into the basis of the Fuzzy if the stock really drops…otherwise enjoy the huge gains from the put sales.
For example, one of my all time favorites is NVDA. Great premium and easy to roll. I would really be interested in going long starting down at the 200 level and adding below that. Let’s also assume that a 6 lot would be my max synthetic size.
I could sell a put ladder starting at 215 (or anywhere depending on appetite for risk) and then every 5 points below that down to 190. Premium would be about 19 dollars. Great trade if the stock rallies. If the stock tanks then put the synthetic on there while rolling the put sales into the basis. Obviously the trade would start out underwater similar to covered stock…which is ok. Plenty of time to sell weeklies to eventually profit.
I guess the point of this whole thing is that there may be some tickers you like that won’t come back enough to get an entry point. Selling the puts while waiting could pay off quite nicely too.
This was a busted #ShortStrangles that I turned into a #CoveredCalls position. After selling for quite a few weeks I’m using this bounce to book it for a .10 loss. Happy to be out and freeing up some room for earnings season.
Sold to Close SWKS Covered Stock @ 99.23 (bought for 99.33)
#SyntheticStock – Not really using LEAPS and probably too long of a duration to qualify as a #Fuzzy. More of a hybrid here….thanks @smasty for the idea.
Sold KR JUL 20 2018 28.0 Puts @ 2.27
Bought KR JUL 20 2018 28.0 Calls @ 2.68
Bought KR JUL 20 2018 26.0 Puts @ 1.44
This gives a net debit of 1.85 for the Jul 2018 position. Add the 2 point max downside and get a max loss possibility of 3.85. Based on that, and the 27 weeks remaining in the trade I only need to average about 14 cents per week in sales to cover the absolute worst case scenario. I’m adding a small hedge out a couple weeks. This would keep me on pace for weekly sales to cover max loss but also still give the trade long deltas all the way up to about 30.75.
For some reason, I don’t have the ba**s to carry these completely unhedged. For now I’m changing it up a little by selling the first hedge with a lot of room instead of being so aggressive right out of the gate.
Sold KR JAN 26 2018 29.5 Calls @ .25
#SyntheticStock – Rolling weekly up and out picking up upside and long deltas…
Rolled EWW JAN 12 2018 49.0 Calls to EWW FEB 16 2018 50.0 Calls @ .10 credit
Rolled $AMZN Jan 26 1255 call up and out to Feb 16 1290 call for 5.75 credit with the stock at 1283.46.
Roll EWZ Jan12’18 40.5 calls to Jan26’18 41 calls for 0.05 debit. A pull back would be nice in this one.
Roll MGM Jan12’18 34 calls to MGM Jan26’18 34.5 calls for 0.09 credit.
#SyntheticStock – Don’t trust it. Could wake up tomorrow and be up 30.
Bought to Close REGN JAN 12 2018 390.0 Calls @ .10 (sold for 3.55)
#SyntheticStock – Nice winner I’m planning on closing before earnings. It’s up near resistance but also in a nice squeeze so rolling weeklies up and out picking up a lot of long deltas. Hoping for a break above 34.50…
Rolled MGM FEB 2 2018 32.5 Calls to MAR 16 2018 33.0 Calls @ .28 credit
#SyntheticStock – Nice base being built here and entering a squeeze. Adding small in the only account without biotech exposure.
Sold AGN JAN 18 2019 175.0 Puts @ 18.73
Bought AGN JAN 18 2019 175.0 Calls @ 18.78
Bought AGN JAN 18 2019 170.0 Puts @ 16.57
This gives a net debit of 16.62 for the Jan 2019 position. Add the 5 point max downside and get a max loss possibility of 21.62. Based on that, and the 53 weeks remaining in the trade I only need to average about 41 cents per week in sales to cover the absolute worst case scenario.
So:
Sold AGN JAN 19 2018 180.0 Calls @ .73
#Fuzzy – Still no position but getting perky.
Jan 2020 20/20/18 #SyntheticStock only requires 3.5 cents per week to cover core and max loss. Hmmmm…
#SyntheticStock – Has to turn around at some point but doesn’t look like anytime soon. This week’s short calls look safe so selling next week.
Sold REGN JAN 19 2018 380.0 Calls @ 1.80
Initial trade required 90 cents a week to cover everything.
Missed the segment on TT this morning about utilities. Searched back through the forum here and see some of you guys have played it over the last year or two.
Looking like a nice possibility as a #SyntheticStock or a #Fuzzy. Probably low risk and slow moving for a long term play…
For example:
Jan 2020 52/52/50 Synthetic would only require selling about a nickel per week to cover max loss. Take the trade with a decent size and get a little bounce could be a nice winner.
#SyntheticStock – Posted on this over the weekend so giving it a try as an experiment. Rolling synthetic core up 50 and front month call up 50 and receiving a 3.07 credit. I’ll wait until after earnings to see if any more adjustment is needed. Assuming the stock doesn’t blast off on earnings, this roll should make the weekly a little more rollable in the future.
Rolled AMZN JUN 21 2019 1050.0/1050.0 Synthetic Stock up to 1100.0 in same expiration @ 48.50 credit
Rolled AMZN JAN 19 2018 1010.0 Call to FEB 16 2018 1060.0 Call @ 45.43 debit
#SyntheticStock – Booking this one before it gets away…another one straight up. Maybe an earnings pullback to re-enter. We can hope!
Sold to Close 190/190/185 synthetic @ 67.80
Bought to Close 202.5 short call @ 21.60
Net credit to close of 46.20 plus weekly premium of 2.35 for total credit of 48.55
Entered the trade for 41.00 so a nice little 7.55 gain. Could’ve been better but just went up too fast…
#SyntheticStock – Same as BABA but more extreme….giving back a little of the weekly premium I’ve sold but picking up some more upside.
Rolled BIDU JAN 12 2018 237.5 Calls to FEB 23 2018 250.0 Calls @ 2.34 debit.
#SyntheticStock – I don’t mind things going up but does it always have to be STRAIGHT UP? 🙂 Rolling front month short calls up and out.
Rolled BABA JAN 19 2018 180.0 Calls to BABA FEB 9 2018 185.0 Calls @ .37 debit
Scroll to the very bottom for the Cliff’s notes if you’d like… 🙂 🙂
#SyntheticStock #Fuzzy – While criss crossing the country this week I’ve had plenty of time to think about things (besides the mountains around Eagle CO and the cyclone in NYC…LOL)
I’ve got a couple synthetic long positions where the weekly call sale has gone ITM. Not surprising in this market but still annoying. Most of the trades are still profitable but it’s more fun when they are REALLY profitable. So…what can I do once they’re so DITM that rolling up and out becomes nearly impossible?
I’m going to use my most extreme example here…
Currently holding AMZN Jun 2019 synthetic short at 1050. It started out as 1000 synthetic but I rolled up a couple months ago to bring a little cash back in. For quite awhile I was selling weekly calls around the 950 to 1000 level while AMZN chopped around down there. They then had an earnings surprise and stock took off and hasn’t stopped since.
My current short call is Jan 2018 monthly at 1010. Obviously DITM so what can I do?
When looking at the overall position and imagining this at expiration, my profit is capped at the level of the short call so the goal is to get that as high as possible.
My plan is to roll the synthetic up to a level I’m comfortable with as far as AMZN support goes. Then…take the credit and use it to roll the ITM short call up. This accomplishes two things. First, the call can be rolled for around even and up a slightly greater distance than the synthetic moves up. Secondly, the short call becomes less DITM so it becomes more rollable in the future (that’s the most important thing I think).
So…what’s the risk? An AMZN implosion is the risk…LOL. For now I’m not rolling up the disaster put since the DITM short call actually provides a nice hedge of it’s own on pullbacks. If the short call were to become out of the money then that might be a signal to ease the disaster put up. Until then, I’m not wasting cash on it.
Hopefully I’ve explained this ok. Other than the free fall of the stock, are there other risks I’m not seeing or considering? It seems to be a reasonable shot at capturing further upside with limited risk increase. I haven’t run the numbers yet on cheaper stocks but looking at VRX now…
Long story short…roll up the synthetic and use the credit to roll up the DITM call IF and only IF you’re confident in the stock holding it’s upside move.
#SyntheticStock – Another roll up. Keeping this one ahead of earnings as well and picking up another 2.45 of upside.
Rolled NVDA JAN 5 2018 200.0 Calls to NVDA JAN 19 2018 202.5 Calls @ .05 debit
#SyntheticStock – Paying a small debit to keep this roll prior to earnings. Still picking up 2.20 of upside.
Rolled BABA JAN 5 2018 177.5 Calls to JAN 19 2018 180.0 Calls @ .30 debit
Zero dark thirty start this morning…just got to the hotel. I see one fill so far…
#SyntheticStock – More weekly trades…
Bought to Close REGN JAN 5 2018 397.5 Calls @ .05 (sold for 1.95)
Sold REGN JAN 12 2018 390.0 Calls @ 3.50
#syntheticstock rolled my APPL Jan 5 175 call to Jan 12 for $0.45 credit
BTC MGM Jan05’18 34.5 calls for 0.03, STO was 0.24. Waiting to sell for next week.
Thanks to Sue for this ticker! BTO MU Apr’18 +45calls -45puts +40puts for 0.86. STO MU Jan12’18 45 calls for 0.39.
Rolled EWZ Dec29’17 40 calls to EWZ Jan12’18 40.5 calls for 0.06 credit. The stock just wouldn’t come back down today, although now that I rolled it probably will lol.
#SyntheticStock – Rolling up and out…
Rolled HIMX DEC 29 2017 10.5 Calls to JAN 12 2018 11.5 Calls @ .03 credit
#SyntheticStock – Rolling out and up…
Rolled EWZ DEC 29 2017 39.5 Calls to JAN 19 2018 40.0 Calls @ .06 credit
#SyntheticStock – More weekly sales…
Bought to Close BIDU DEC 29 2017 237.5 Calls @ .08 (sold for 1.55)
Sold BIDU JAN 12 2018 237.5 Calls @ 2.78
#ShortStrangles – Instead of venturing back into NVDA, (still have the #SyntheticStock in a different account) going with one that worked nicely last time and is having a nice down move today. This sale should be well before earnings…
Sold NTES JAN 26 2018 325.0/400.0 Strangle @ 6.20
#SyntheticStock – Still selling. Rolled a small earnings loser into synthetic for a repair trade.
Bought to Close ADSK DEC 29 2017 107.0 Calls @ .03 (sold for .79)
Sold ADSK JAN 12 2018 106.0 Calls @ 1.24
#SyntheticStock – Squeezing and looking like it wants to go up. Questionable when earnings are but hopefully after where I rolled this. Sitting on a nice profit and picking up another .64 of upside here. May close it all with a break above 35 into the open sky.
Rolled MGM DEC 29 2017 32.0 Calls to FEB 2 2018 32.5 Calls @ .14 credit
#SyntheticStock – With only half size position in BIDU I’m adding half size in BABA. This all adds up to full size position for China…LOL
Bought to Open BABA JAN 17 2020 175.0 Calls @ 34.72
Sold to Open BABA JAN 17 2020 175.0 Puts @ 29.06
Bought to Open BABA JAN 17 2020 170.0 Puts @ 26.42
This gives a net debit of 32.08 for the Jan 2020 position. Add the 5 point max downside and get a max loss possibility of 37.08. Based on that, and the 107 weeks remaining in the trade I only need to average about 35 cents per week in sales to cover the absolute worst case scenario. And…BABA has great weekly premium.
So:
Sold BABA JAN 5 2018 177.5 Calls @ 1.25
#SyntheticStock – Taking my own advice with this one. Sold the covered stock on the bounce and rolling it all into #SyntheticStock. Going in at twice the size for only one fifth of the cash required to hold the stock while drastically reducing risk.
Stock was originally assigned at 470.0 and weeks of call selling has reduced that to a 416.70 basis. Sold the covered stock position this afternoon for 381.40. I’ll roll the 35.30 loss into the basis of the synthetic by adding 17.65 to that cost (since synthetic is twice the size).
Bought to Open REGN JAN 17 2020 400.0 Calls @ 74.06
Sold to Open REGN JAN 17 2020 400.0 Puts @ 71.68
Bought to Open REGN JAN 17 2020 390.0 Puts @ 66.62
Net debit of 69.00 plus 10 dollar downside risk plus 17.65 from existing stock position for a total max loss possibility of 96.65. With 107 weeks for the trade to run only need to sell about 90 cents a week to cover entire worst case scenario.
So:
Sold REGN JAN 5 2018 397.5 Calls @ 1.95
APPL. STO 5 JAN 18 175 CALL @.65 Stock @ 170.46 Little more aggressive then I would normally sell #syntheticstock
APPL. BTC 29 DEC 17 177.5 CALL @.04 STO 12/22 @0.42 #syntheticstock.
Been a great ticker this year but odds caught up with me and was early exercised on Jan monthly 54 strike puts. Sold the covered stock on the bounce and rolling it all into #SyntheticStock. Going in at twice the size for only one fifth of the cash required to hold the stock.
Stock when assigned was at a 51.70 basis and sold for 47.65 this morning. I’ll roll the 4.05 loss into the basis of the synthetic by adding 2.03 to that cost (since synthetic is twice the size).
Bought to Open EWW JAN 17 2020 48.0 Calls @ 6.90
Sold to Open EWW JAN 17 2020 48.0 Puts @ 6.79
Bought to Open EWW JAN 17 2020 46.0 Puts @ 5.65
Net debit of only 5.76 plus 2 dollar downside risk plus 2.03 from early exercise loss for a total max loss possibility of 9.79. With 107 weeks for the trade to run only need to sell about 9 cents a week to cover entire max loss.
So:
Sold EWW JAN 12 2018 49.0 Calls @ .34
#SyntheticStock – Taking advantage of the pullback to book this one. Been fighting the front month ITM calls for awhile. Good chance to close it for a nice winner and look to reset possibly after earnings.
Sold to Close AAPL JAN 17 2020 155.0 Puts / 155.0 Calls Synthetic Stock @ 18.10
Sold to Close AAPL JAN 17 2020 145.0 Disaster Puts @ 10.70
Bought to Close AAPL FEB 2 2018 167.5 Calls @ 7.45
Net credit to close of 21.35. Basis in the position after other front month sales was 17.38
Net gain of 3.97 per spread. I’ll take it considering the front month sales have been DITM from almost the very beginning.
I hope everyone is enjoying opening presents and eating great food! Not running scans for fuzzies like I am 🙂 My trading is very diverse, and probably seems a bit all over the place to some folks. So, since I’m so very interested in #Fuzzies, I thought I’d scale back my reports to be fuzzy-centric for now.
Here’s is a list of all my current fuzzies, what I’ve collected, and where I stand in the trade debit reduction:
1. JPM: Initial Trade Debit: $2.51 Total Collected: $2,120 Revised Trade Basis: $.39
2. DWDP: Initial Trade Debit: $1.44 Total Collected: $390 Revised Trade Basis $1.05
3. CELG: Initial Trade Debit: 2.38 Total Collected: $2,640 Revised Trade Basis: $(.26)
4. RCL: Initial Trade Debit: 3.59 Total Collected: $1,390 Revised Trade Basis: $2.20
5. FAS-1: Initial Trade Debit: 2.08 Total Collected: $780 Revised Trade Basis: $1.30
6. FAS-2 Initial Trade Debit: 2.12 Total Collected: $770 Revised Trade Basis: $1.35
7. *LMT-1: Initial Trade Debit: 6.20 Total Collected: $1500 Revised Trade Basis: $4.70
8. LMT-2: Initial Trade Debit: 6.20 Total Collected: $1600 Revised Trade Basis: $4.60
9. MU: Initial Trade Debit: 2.80 Total Collected: $1,220 Revised Trade Basis: $1.58
10. CSX: Initial Trade Debit: 2.24 Total Collected: $600 Revised Trade Basis: $1.64
11. QQQ: Initial Trade Debit: 2.73 Total Collected: $360 Revised Trade Basis: $2.37
12 NUE Initial Trade Debit: 1.87 Total Collected: ($150.00) Revised Trade Basis: $2.02
13. IWM: Initial Trade Debit: 2.25 Total Collected: $640 Revised Trade Basis: $1.61
14. MCD: Initial Trade Debit: 3.12 Total Collected $1070 Revised Trade Basis: $2.05
***Closed Fuzzies on LMT and TWTR total 1213 in profit
A couple of these have required debit rolls: NUE, IWM, QQQ, DWDP
Thankyou for all the great ideas this past year #syntheticstock #spycraft #fuzzies #vxxgame wishing everyone on here Happy Holidays. A special thankyou to @jeffcp66 for maintaining the best trading community out there IMO.
I closed out my trade in MYL, the stock ran up through my short calls so I’m TTMAR. STC MYL JAN17’20 +40C-40P+35P and BTC MYL Dec29’17 39.5 calls. Net profit of 0.56.
#SyntheticStock – Looks like it’s sell Bitcoin and buy gold now…LOL. Rolling up and out a little with the break above the 200ma.
Rolled GLD DEC 22 2017 120.0 Calls to FEB 2 2018 122.0 Calls @ .25 credit
#SyntheticStock STO MGM Jan5’18 34.5 calls @0.24
#SyntheticStock STO EWZ Dec29’17 40 calls @ 0.27
#Fuzzy STO VRX Dec29’17 22.5 calls @ 0.27
Options Bistro 