Benji

Benji Updated 

Taking advantage of okay premium in this play. -1 Nov 20 $130 call @ $1.90 -1 Nov 20 $99 put @ $2.73 DTE: 66 Ext: $4.73 Breakevens: $94.37 and $134.63

Benji

DTE: 100 Ext: $2.85 Breakeven: $76.15 (7.8% below) Div: $3.24 (3.9%) Ext ROC: 3.4% (2.85/82.62) Ann: 12.6%

Benji

Placing an in-the-money covered call on XOP here, as the price is falling. +100 shares of XOP @ $43.07 -1 Nov 20 short $43 call @ $6.83. DTE: 73 Ext: $2.80 Breakeven: $40.20 (14.5%) Div: $1.35 (2.9%) Ext ROC: 6% ($2.8/$43.07) Ann. 29.8%

Benji Updated 

Buying into the weakness here in XLU, with a synthetic covered call set up. -1 Nov16 $54 put for $1.87 cr.

Benji Updated 

Extremely high IVR here in this little over-hyped stock, so I'm using a jade lizard. This trade helps sell some juiced IV, but caps your upside (even allows you to profit from the upside as well) in case the craziness continues. -1 Oct18 29/34/36 Jade lizard for $2.24 cr. Risk: 2x cr rec (downside risk); No risk to upside Profit: 50% cr rec

Benji

Selling some high IV here with Brazil's elections. -1 30/38 strangle in Nov cycle for $2.50 cr.

Benji Updated 

XLI is popping up here for high IV, going to take advantage of it. -1 Oct19 76/78 Strangle for $2.49 cr Risk: 2x cr received Profit: 50% of max profit Breakevens: $73.51 and $80.49

Benji Updated 

Good time to sell some premium against my long shares here in high IV. I went with a downside put ratio, no risk to the upside. Oct18 150/155 put ratio for $1.47 cr. Downside breakeven is $143.53. I will continue to roll out $150 put if I have to.

Benji Updated 

Some residual IV here from recent earnings of holdings in the ETF. -1 Sep21 35/37 strangle for $1.72 cr. Risk: 2x cr received or continue to roll put Profit: 50% cr rec or if IV drops with too much time left to hold risk.

Benji Updated 

This is the subsequent roll from my last Brazil position. -1 Oct19 31/41 strangle for $1.61. Risk: 2x credit received Profit: 50% cr received B/Es are $29.39 and $42.61

Benji Updated 

This trade is definitely a longer term look. IV is spiking way out in time now in TSLA. I was able to sell the Mar15 '19 90/130 put ratio for $1.00/contract. My breakeven is around $49 (Current price is $321.83). The initial capital requirement here is $1200, so this would be around a 8.3% ROC if margin stays about the same here. Worst case scenario, I'm a...

Benji Updated 

Relative high IV here in TWTR.... -1 Sep21 $32 put for $1.35. Risk: 2x cr received or continue to roll out. Profit: 50% cr received.

Benji Updated 

Selling some high IV here in GDXJ in a smaller account. -1 Oct19 $27 put for $.65 cr. Risk: 2x cr received Profit: 50% max profit.

Benji Updated 

Twitter cratered a bit after earnings, so taking advantage of the IV spike. -1 Sep21 $33/38/39 Jade Lizard for $1.63. No upside risk on this play (will make $63 if expires over $39), $31.37 downside breakeven. Risk: 2x cr received or continue to roll the put out. Profit: 50% cr received

Benji Updated 

Short the Euro here via FXE. The chart of FXE is not exactly the same as /6E, but it is generally tracking it. I'm starting to build an Euro short here. Bought Mar15 '19 111 puts for $2.13 db. Stop and targets are on chart.

Benji Updated 

Long Micron via Sept19 short $47 put. Using the stop loss on chart as price stop. I will take 50% of this trade or maybe roll out if the bias still stays the same.

Benji Updated 

MCD has sold off quite a bit here in the last few months and is hovering above this longer term support level. I decided to go with a asymmetrical set up using a call spread for this play. +1 Dec21 155/170 call spread for $5.38 db. Risk: Try to let price action stop me out at the project stop or manage near a 50% loser to keep the risk small. Profit: Target...

Benji Updated 

Markets are near ATHs and showing some weakness, so I'm just applying some hedges in case. Bought +1 Aug31 165.5/168.5 put spread for $1.03 Risk: $1.03 Profit: $197 (potential)