CLOSING: X APRIL 17TH 2 X 14 SHORT CALLS... for a total .08 debit and opening the April 18th 11 short call for a .30 credit.
Notes: Now that earnings are in the rear view, continuing to chip away at cost basis. Scratch at 7.65. Unfortunately, the short call is currently below my cost basis if assigned on the 22 shortie (22 -7.65 = 14.35/share) ... .
Shortcall
OPENING: /CL APRIL 17TH 55 SHORT CALL... for a $570 credit.
Notes: I lack a certain degree of confidence that prices will recover in short order here and taking this little up move for what it's worth and delta under hedging with a naked short call. Scratch at 21.40 for the whole shebang.
OPENING: BBBY FEBRUARY 21ST 15 SHORT CALL... for a .51 credit; scratch at 1.81; cost basis of 14.19 if assigned on the 16 shortie; delta/theta 47.23/1.94, .79 extrinsic.
Notes: This was naturally one possible outcome for my "Wheel of Fortune" short put (See Post Below). Not hugely keen to take on the stock, but we'll see how it goes.
OPENING: XOP MARCH 20TH 28 SHORT CALL... for a .58/contract credit.
Notes: One of my troubled setups that I seem to have been working forever (See Post Below) and probably could've gotten out of sooner if I'd been a touch more aggressive on the call side as the underlying descended to long-term lows. Rather than inverting the short strangle further, I'm leaving the setup in place and adding a delta cutter.
Scratch at 7.36, delta/theta 40.7/1.38.
QTUMBTC Buying oppurtunity QTUM looks good to buy between 520-530. Target 1 547 is standing strong for short call as well as long call. Cup will be formed. There chances cup's handle will be formed then we achieve Target 3 - 648. Aslo, QTUM is oversold on 4h RSI and MFI.
Contact me - t.meGTCGoodTradeCalls
short Call on VXXsince the shakeout was based on a shorthanded political event, we can speculate on a return to the mean of the VXX down curve
due to the medium volatility in VIX, we can move the short Call to 20 (approx. Delta 15)
if VXX should rise, we would buy back the option and sell it again at 25 or 30 to collect the lost premium