... for a 2.56 credit. Comments: With the July 16th 367 at greater than 50% max, rolling it to the next monthly strike paying at least 1% of the strike price in credit. So far, I've collected 8.75 + 2.56 in credits or 11.31 ($1131) of which 7.39 ($739) is realized gain. It would be better to roll this on a red day or when implied volatility is better, but the...
... for a .04 credit. Comments: Here, a take profit/window dressing roll. Put on for 3.01 (See Post Below), it's at greater than 50% max here. I want to take profit, but reduce risk by rolling the strike a little bit further away from current price, as well as milk the remaining premium out of the play without extending duration a ton. With the July 2nd 294...
... for a 1.16 credit. Comments: With the June 11th 207.5 at >50% max, rolling it out to the July monthly 16 delta strike for a 1.16 credit. Total credits collected of 2.43 (See Post Below) + 1.16 = 3.59 versus a current value of 2.23, so I've realized a gain of 1.36 ($136) on this so far. I would've rolled out to the July 9th weekly, but one isn't available yet.
... for a 1.64 credit. Notes: With only .48 or so of extrinsic left in it, rolling out the May 28th 200 (See Post Below) to the June 30th 200 (51 days, 16 delta) for a 1.65 credit and a realized gain on this little bit of weakness here. Total credits collected of 3.79 versus a current contract value for the June 30th 200 of 2.16, so I've realized profits of...
... for a 1.70 credit. Notes: Some more pre-vacation profit-taking/housekeeping. With the September 275 converging on 50% max, rolling it up and out to the October 307 (paying 3.08) for a 1.70 credit. Total credits collected of 4.12 + 1.70 = 5.82 versus a 3.08 value for the October 307 = a realized gain so far of 2.74 ($274).
... for a .71/contract credit. Notes: A continuation of my TLT covered calls (i.e., shares of stock + short call). (See Post Below). With the 145's converging on 50% max, rolling out to the July 144's (28 delta) for a .71/contract credit. Total credits collected of 7.13 versus a short call value of 1.49 = realized gains of 5.64/contract so far on the short...
... for a 1.89 credit. Notes: With only .30 left in the May 14th* 205 (14 days), rolling this out to June 18th (49 days) 203 (16 delta) for a realized gain and a credit, rather than adding more units (i.e., I'd leave this one open to allow the remaining .30 in extrinsic to piss out and just sell a new contract in June). Total credits collected of 6.32 versus a...
... for a .19/contract debit with 49 days to go. Notes: Pre-vacation profit-taking where I can. This one I started out in April and then rolled, collecting a total of 1.14/contract. Closing here for a total profit of .95 (95)/contract.
... for a 1.98 credit. Notes: With only .17 worth of extrinsic in the April 30th 207.5, rolling out to the June 4th for a realized gain and a credit. Total credits collected of 4.57 (See Post Below) plus 1.98 = 6.55 versus a current value of 2.10 for the June 205 (i.e., I've realized a gain of 4.45 ($445) on this contract to date).
... for a 1.93 credit. Notes: Another continuation of a longer-dated setup I started around the beginning of the year. (See Post Below). With 178 days to go and more than 50% of extrinsic gone, rolling this up to the 275 strike for a 1.93 credit. Total credits collected of 4.12 versus current short put value of 2.88; realized gain: 1.24 ($124).
... for a 1.87 credit. Notes: Here, a continuation of a longer term play I established at the beginning of the year. (See Post Below). With the 331 at >50% max and >45 days to go, rolling up to the 360 strike (17 delta) for both a realized gain and a credit. Total credits collected of 8.08 versus current short put value of 3.60; total realized gain: 8.08 -...
Going for the OG 50 Pips after I took a TP at +21 Pips. I reentered at MAs
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. Pandora (P) is on a roll--literally. The horizontal Support and Resistance lines can be drawn in a couple different places depending on your risk tolerance or trading plan. The larger channel is a roll between $4.50 and $5.40. (green...
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock Trader. For the short term I believe ASNA is rolling. My prediction for the immediate future is it will continue down to one of my two Support lines (either $1.95ish or $1.85ish). Once Ascena hits one of those lines I believe it will bounce and...
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional stock trader. I believe General Motors is in a rolling/consolidation pattern, at least for the short term. I have two possible support lines drawn. The bottom support line is drawn off the Gap from September 25, 2017 (it's possible to draw a third...
On November 07, 2017 MRO had a high wick reach $16.59 before closing down for the day. I believe this to be a good resistance line for now due to that same price range (give or take a few pennies) acting as Resistance in April 2017, March 2017, February 2017, November 2016, September 2016, August 2016, and September 2015; as well as acting as Support briefly in...
... to JAN 20TH 119/122/125 iron fly for a .01 net credit. With the short put side of the Dec 16th iron condor nearing worthless and rolling intra-expiry to a fly not particularly productive, I'm rolling this out to the Jan expiry, improving the call side a strike and rolling the put side into a fly, "keeping the dream alive." Rolling is never fun, but it's the...
... to the Dec 23rd 130/135 for a .25 credit. I previously rolled to the Dec 16th expiry with the intention of setting up an iron fly there by selling a put side against. Unfortunately, I set up the short put vert (which I sold for .43 cr) in the Dec 23rd expiry, so at that point, I had a weird ass setup -- a Dec 16th 128/131 short call vert with a Dec 23rd...