dluxe23

dluxe23 Updated 

This trade is neutral because it is placed as far away as I could for a minimal debit. You could say that it is bearish because I make money if NTNX drops but you can also say it is bullish because I have 2 uncovered puts which means I will have to get long if price drops considerably. I sold a 2 lot in April with 48 days to expiry. On such a big drop it is...

dluxe23 Updated 

Well this is a pretty convoluted trade to be honest but I have not tried this idea before. Today I bought CGC for $45.50 and earnings are after the bell. I immediately sold a 40 strike call in April for 8.35 ($5 of intrinsic value and $3.35 of time value or extrinsic value) I chose an "in the money" call strike because I think this stock has a good chance of...

dluxe23 Updated 

Was reading up some on Dycom before earnings and was tempted to trade pre-earnings and am I glad I waited for some opportunity. Sold a put at the 35 strike today for 1.30 and a bit further out in time (114 days) the longer dated trades I do are usually when I am more bullish and use it as opposed to selling 2 lots so that I can defend better, should I have to...

dluxe23 Updated 

Sold 2 short puts at the 32.5 strike for a buck each with 55 days to expiration. A 35% drop after an S.E.C. inquiry and a cut of the dividend could spell trouble for this trade but I will roll this one and take assignment if necessary. I am not sure if Buffet owns this one or maybe he is the one that sold today and dropped it like this? The yield on this stock...

dluxe23 Updated 

With a 50% drop from earnings and me with a lot on the sidelines makes for a risky trade, but with risk there is reward. I sold a 75 short put that expires in 7 days for 1.85 and I will look to let this expire worthless or close at 2X loss. I do not want to take this stock and should be able to keep an eye on it for 1 week. The expected move in this time frame...

dluxe23 Updated 

Still trying to avoid buying anything near all time highs but have learned that companies that seem cheap are not. I have added some hedge or kicker to these more riskier trades that I intend to leg out of if the price drops. I have no problem selling a 3 lot at the 12.5 strike for 1.30 but like the choice of taking some profit on a long put option should things...

dluxe23 Updated 

Selling January 50/45 Put credit spreads for .70 , normally risk would be $4.30 but I will take profit on the 45 long put if we plunge and roll the short 50 put out in time (not down) and possibly just take assignment and write calls (depends on the premiums) Already reduced basis in this name and continue to like the company but not the price .............of all...

dluxe23 Updated 

Having a hard time with ideas to get long as the market sells off. TLT doesn't seem to play well but the preferreds (mostly bank stocks) are down nicely. I like the yield and I like that preferred means they may not gut the dividend like all the other "so-called" safe names i.e. COP, GE, KMI . I have had some trouble trading bond products so I am just selling 3...

dluxe23 Updated 

I bought a call vertical today in an agricultural E.T.F. as a way to get a cheap hedge. Assuming if inflation rises or supply gets disrupted for some unknown reason. I am a little unclear of the cost to carry of the futures that it holds and was unable to write cash secured puts in my Fidelity SDA as I was told it was structured as an M.L.P. (master limited...

dluxe23 Updated 

Bought a calendar today in CSX for a 1.60 debit. The 0.3 I.V.R. (implied volatility rank) was what made me want to try this as well as an overall feeling that the transports and industrial sectors of the market are looking somewhat weak. I rarely do a calendar (2nd one ever) as they always seem to lose but will try to mix up my approach so as not to be just...

dluxe23 Updated 

I am not sure if the trade wars and tariffs will be what they say..... I am selling a 9 put (22 delta) in Ford all the way out in December (148 days) for a whopping .22 cents. I would have a bowtie myself if I had to buy an American car but the price of Ford has been pretty static for as long as I can remember and they were not bailed out so.... It seems going...

dluxe23 Updated 

So I have left over put verticals 25/20 left over from legging and then hedging short puts in IQ all the way out to January. I decided to just go with a buy/write at the current price (just under 30) So I bought 200 shares and wrote 30 calls for 4.00 each......for a cost basis of 26 and downside protection at 25, which I will most likely take profit on the long...

dluxe23 Updated 

So I have a long put spread way out in time (March 2019) Today on earnings TSLA is up big and instead of adding by spending money I am going to sell calls instead. I went to October because I would like some time for the hype to wear off and this short rivalry to wear off some. The ratio fly is a trade I like because it takes advantage of skew. The 1:3:2 call...

dluxe23 Updated 

I have taken off most bullish trades rather quickly recently. Today I bought 200 shares and wrote only 1 call in December for 2.10 at the 25 strike, leaving 1 lot uncovered. This is not how I normally reduce basis but maybe I am caving to FOMO as so many negative factors pile up against the markets yet they still march up every day on nothing but pixie dust and...

dluxe23 Updated 

Just another trade. Need some + delta and selling a put on an earnings miss has been my "Bread-n-Butter" trade since I first learned anything about options. (Yes I have only traded in this bull market) It looks like there is good support under there and with volatility in my favor I should be able to scratch this without too much trouble as long as it doesn't...

dluxe23 Updated 

Sorry for the incomplete idea. I already have a "monied" covered call where I bought shares at 16.50 and wrote a call against them at the 15 strike out until December for 3.50 Earnings is approaching July 26 before the bell, so on the weakness this morning I placed this trade for a .61 credit also out in December. I will want to take profit on the long put and...

dluxe23 Updated 

I bought a put vertical in MU today with 50 long and 47 short strikes for a debit of 1.11 which risks that to make 2.89. I think the market has discounted the China tariff trade war too easily and need some negative deltas in my account. This is a short term trade with more of a scalping mentality and contradicts the covered call I have in UCTT. The risk/reward...

dluxe23 Updated 

Sold a put this morning at the 150 strike for 1.22 credit after an earnings report sent FB tumbling. I will look to treat this as *a trade only* and close at 2X the credit collected as the loss (not sure how I can really control that if it gaps though). With 57 days and an I.V. rank of 63% I am hoping the 10 delta put will be a safe play.....although it was just...