Long JNJ via short put spread. Short Mar16 125/130 put spread for $1.10. POP: 69% BPR: $390 Max loss: $390 Max Win: $110 Target: 50-60% of credit received Stop loss: Price at $127 or $350ish loss. short 130 put: 37 delta long 125 put: 15 delta If this starts to get really ugly, I may pull off before $127.
Long MU longer term via short $36 puts, $.75 credit each. I spread off some of the BP req in IRA with $28 puts. Will manage these guys around 60-70% net credit received profit. POP: 80% BPR: $1,450 (also max loss if MU got cut in half) Max Win: $150
Short TSLA via Mar16 345/355 call spread for $2.98. short $345 call: 37 delta long $355 call: 27 delta Max Win: $298 Max Loss: $702 Stop Loss: Price at $352.75 Target: 50% of credit received
Long MU via $43 calls for Mar16. Beautiful hourly candle here, so I'm initiating a call position. The daily (posted below) is setting up for some sort of move. 3x $43 Mar16 calls for $2.33. - 55 delta - Max Risk: $699 - Stop Loss: Price at $42.20 or options decay 60% - Target: Price at $48. I will sell 1-2 calls if we get a move right away to $45-45.50ish area.
I just wanted to share a TSLA scalp I made this morning for my own reference later in my journal
Long via Jun15/Mar16 diagonal for $4.37 POP: 50% Max Loss: $4.37 Stop Loss: Price at $64.40 Max win: As of right now, $263 Target: Price at $75 Long Jun15 $66 call: 61 delta Short Mar16 $73 call: 14 delta. I structured this trade to give me the most profit as close to my target as possible (in the case it shoots straight up), while still having a positive theta...
I'm adding to my short bonds position here now that I have another favorable stop above consolidation available. Short TLT via 115/124 put Diagonal for $6.07. Max Risk: $607 Max Win: As of now, it's $293 Target: Price at $115 Stop Loss: Price at $119.50 long 124 put: 80 delta short 115 put: 22 delta I'll likely continue to roll the short 115 put against to...
Getting long Chinnnaaahh (Donald voice) via credit put spreads @ $1.77. I went ITM to be a bit more directional. Mar16 40/48 put spread POP: 56% Max Loss: $625 Max Win: $175 Stop loss: Price at $44.45 or 2x credit received Target: 50% of credit received short 48 put: 61 delta long 40 put: 6 delta.
So I usually try to do a little basis reduction on some long term holdings or divvy holds in the long term accounts. SBUX had some high vol, so I went out to June to sell some puts around what appears to be support. I will usually take these trades for 50% of profit and run like a thief in the night. I don't have a full 100 shares, but my goal is to over time,...
Short UVXY via long Apr20 put debits for $2.19. POP: 68% Max loss: $892 (2.19 x 4) Max Win: $308 ROC: 34.5% over 66 days Long 24 put: 36 delta Short 21 put: 30 delta I usually let these expire ITM, as my broker TW has cheap exercise fees. In the case that it expires in between strikes, then I will have to manage them by closing on expiration day.
UAL testing some previous resistance again. I took this bearish trade with a pair (2) of Feb16 67.5x70 db. put spreads. Fill was $1.27 - $254 max risk, $246 max reward. I'll take my losses and move on if UAL trades up and closes above $71.10.
QQQ expressing some higher IV here as well. Sept 15 130/139 Put Spreads @ $.90, 2 contracts. 2x stop loss, 50% win mgmt.
High IV in $COST Sept 15 140/155 Put Spread for $2.03. 2x stop loss, 50% win mgmt.