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.
Breakeven: $40.20 (14.5%)
Div: $1.35 (2.9%)
Ext ROC: 6% ($2.8/$43.07)
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
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.
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...
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.
EM are big right now, so is the IV behind them.
Sold -1 Oct19 $43 put for $1.32
Risk: 2x cr received or possibly continue to roll out if the allocation deems worth it.
Profit: 50% cr received or roll up as EM recover. EEM has proven to shrink back down to low IV quickly, so that might not be the best play.
Everyone's aware of the crisis in Turkey, I'm just here to play it.
Sold -1 Sep21 19/22 Big lizard for $3.06 cr.
Risk: 1x cr received
Profit: 25-30% of cr received
Breakevens: $15.94 to the downside, no upside risk.