dluxe23

dluxe23 Updated 

Selling three cash secured puts in SLV with 59 D.T.E. for .22 each with the idea of possibly ending up with a 10 lot. I would like to have a covered strangle position in silver. I want to reduce basis to take the shares or be assigned, then write more puts on decent drops and always have some short calls against the shares. Implied volatility rank is only 27%...

dluxe23

I am making a low probability trade.....and a long shot. March 2019 220/215 put vertical for 1.25 debit. I love the company but the hyperbole around everything Elon has been doing and the amount of debt may cause some short term pain. This in my smaller account that I am now aggressively trying to grow and is not the TT way. The fact that 100 strike puts...

dluxe23 Updated 

Selling a 1 lot at the 50 strike for 1.32 and 93 D.T.E. for an initial basis of 48.68 which is the 34 delta strike. Probability of profit is 70% and even though their customers are all addicted to the product I am not convinced I want this stock and may just treat this as a trade. A put ratio could not be placed for a credit (5 wide strikes) so this is where I...

dluxe23 Updated 

CGNX has been underperforming while billions seem to be pouring into the market of late. Once a darling, and with a big nasty double top on the chart I am thinking of getting long. US markets seem to be manipulated and have painted themselves into a corner where everything MUST go up. I am making another non-Tasty Trade in my smaller reg-T account because...

dluxe23 Updated 

Bat Jr. was talking about this stock (on the show) as well as Benji in the Tasty Trader's chat. I normally shy away from riskier stuff but with too much on the sidelines right now I will dip a toe for this Chinese start up. Collecting a little over a buck to initiate the trade and a five dollar wide embedded vertical means my break even in this stock is 24 for...

dluxe23 Updated 

Selling a put ratio in TLT in July. The trade is not very aggressive and sits way outside price with downside protection of a breakeven of 111.75. With 65 D.T.E. (days to expiration) there is still some considerable chance we can be way below this level with the Fed selling bonds and I am good with getting long at those prices. I will most likely take profit on...

dluxe23 Updated 

So with the FED hiking rates another .25 bps in June (96% odds as of right now) I am making a bearish trade in the home builder ETF. I have never traded through a rising rate environment so.......take it with a grain of salt. I am buying the 40 put in October and selling the 36 put in October for $1.12 This is a defined risk trade for a debit (not really the...

dluxe23 Updated 

Looking at an Iron Fly for Mas Tec. I am officially in "time out" from trading due to 7% realized drawdown in reg-T (barring open position adjustments) So this is just an idea to keep my mind in the game. Mastec was a big mover on the Trump talk of rebuilding America. Implied volatility is a bit anemic at 42% and 54 days to expiry is a long time to wait on a...

dluxe23 Updated 

I am calling this a neutral trade because it is placed for 0 or a small credit and sits well outside price.......in other words "I will get involved *IF* price falls enough but am content to just wait for better opportunities" GE sets up well with Implied Volatility Rank (IVR) 82% and a trend line that looks like a mayday call. I went out further than normal with...

dluxe23 Updated 

I am already long PXD and trying to work back to black. Using the volatility around earnings to try to collect some premium without choosing a direction. I sold the 165/130 strangle in December with 43 days for a 2.10 credit. The strangle is covered but will manage this as a stand alone trade. Which means closing for 25% profit target and rolling the untested...

dluxe23 Updated 

I need to practice my charting so I apologize for my crude attempts at publishing ideas. This is not a new trade but it is for me. I have been wanting to try one of these but have not found the right set up. So here is the idea.......generally selling a strangle around an earnings event is a bad idea, both theta decay slows and volatility expands. However, I...

dluxe23 Updated 

These are the rules I think will work best for this speculative/trading style account. This is an aggressive growth stance and I use this account to place trades I think are too risky for my other retirement based accounts. I have raised the % limits per trade and removed the restriction of a full pre-trade checklist that I require in my other accounts. I will...

dluxe23 Updated 

Chinese ADR's have all been curiously strong lately, so I am adding some bullish delta on a pullback. Not sure if Sept/Oct will be as bearish as normal, but I doubt it since it seems they have all been shaken out(sellers) I have watched the Simpler Options guys trade this and now also a rec. from Navallier. I see some support levels that may line up with the...

dluxe23 Updated 

Thinking kind of macro as far as "If this were the top....what would I feel comfortable being stuck in ?" I tried an earnings play with a buy/write that didn't do all that well, now that it's pulled back some I would like to take another swipe. I wrote a 20 put and bought the 22.5 call that were approx. 40 delta for 127 days to expiry. Since chips seem to be...

dluxe23 Updated 

With oil in a strong downtrend I am taking a contrarian stance with a bullish call debit spread in Marathon. IVR is terribly low and it is not the Tasty Trade way of selling premium. MRO was down another 3% today and IVR is 10.4% when I purchased the 12/15 call DEBIT spread all the way out til Jan. for $1.18 I looked at other oil companies BP, RDS, COP but...

dluxe23 Updated 

I sold a put this week in CMG as the stock is under pressure (again) and had wanted to jump in even earlier (where the green arrow is) but had not researched and checked into what was going on with the stock. While the stock did recover and have a decent swing, which would have allowed me to close......I am glad I waited as a practice for restricting those...

dluxe23 Updated 

Was a Tasty Trade video that summed up a lot of valuable lessons for most short premium traders.......I'll be grateful if someone could post how I am supposed to get a plain screen without any bars so I can post just plain text. Gave me a chance to post an idea under a forex ticker so I guess I should not complain ;)

dluxe23 Updated 

I am adding to my bullish assumption in oil again today. I sold the 5 puts in Whiting Petroleum for .39 and 30 days til expiration with an implied volatility rank of 59% this adds a theta component to my call debit spread in Marathon. With Saudi limiting shipments to the U.S. (since we keep too good track of inventory) and the summer season of driving upon...