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TSLA at 238.05
It’s time to make an adjustment.
We’re going to roll 240 put down to 235 and out from 03MAY to 10MAY expiration.
We’re collecting an additional credit for this roll.
Order Ticket Type Asset Duration Strike C/P Buy To Close TSLA 03MAY 19 240 PUT Sell To Open TSLA 10MAY 19 235 PUT Total Credit: 0.65 TSLA at 231.90
We’re going to Sell To Open a Call to turn this trade into a short STRANGLE
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 10MAY 19 250 CALL Total Credit: 3.35 We’re going to exit this trade at 80% of max profit.
Order Ticket Type Asset Duration Strike C/P Buy To Close ADBE 10MAY 19 270 PUT Total Debit: 0.55 FDX at 186.89
We’re going to put on a bullish position with 18 days until expiration
We’re selling an OTM Put with a probability of profit around 80%
We’re going to target 50-80% of max potential profit (credit received) and make adjustments WHEN/IF short strike’s delta turns 45.
Order Ticket Type Asset Duration Strike C/P Sell To Open FDX 17MAY 19 180 PUT Total Credit: 1.45 ADBE at 287.13
We’re going to put on a NEUTRAL short term trade with 17 days until expiration.
This stock moved 10% in the last couple of weeks and we’re looking for sideways consolidation.
Our profit target is 50-80% of the credit received and we’ll make adjustments IF/WHEN either short strike’s delta reaches 45.
We can also use 1X credit as our potential adjustment point.
Order Ticket Type Asset Duration Strike C/P Sell To Open ADBE 17MAY 19 300 CALL Sell To Open ADBE 17MAY 19 275 PUT Total Credit: 3.00 We’re going to take a profit in this trade at 30% of max profit.
Order Ticket Type Asset Duration Strike C/P Buy To Close XBI 17MAY 19 90 CALL Buy To Close XBI 17MAY 19 83 PUT Total Debit: 1.80 – 1.85 STZ at 212.57
We’re going to put on a NEUTRAL short term trade with 17 days until expiration.
STZ RSI reading is 84 and we’re looking for consolidation over the next few weeks.
We’re going to target 50-80% of credit as our profit target and we’ll adjust IF/WHEN either short strike’s delta reaches 45.
Order Ticket Type Asset Duration Strike C/P Sell To Open STZ 17MAY 19 220 CALL Sell To Open STZ 17MAY 19 205 PUT Total Debit: 2.40 -2.50 We’re going to take this trade off at 40% of max profit in 1 day.
Order Ticket Type Asset Duration Strike C/P Buy To Close FDX 17MAY 19 180 PUT Total Debit: 0.90 We’re going to exit this trade at 84% of max profit
Order Ticket Type Asset Duration Strike C/P Buy To Close NFLX 10MAY 19 350 PUT Total Debit: 0.40 AMGN at 174.70
We’re going to sell an OTM put around the potential support level at 165.This put has an implied probability of profit at around 85%.
We’re going to target 50-80% of credit as our profit objective and we’ll roll this put out IF/WHEN AMGN trades near 165.
Order Ticket Type Asset Duration Strike C/P Sell To Open AMGN 17MAY 19 165 PUT Total Credit: 1.10 SPX at 2909
We’re going to pick up an OTM Call in 24MAY expiration to cut NET delta of this Iron Condor.
Right now, NET delta of this position is -18.
We’re picking up (1) +16 delta call and this should bring NET delta from -18 to -2.
Order Ticket Type Asset Duration Strike C/P Buy To Open SPX 24MAY 19 2980 CALL Total Debit: 6.50 TSLA at 243
We’re going to put on a directionally bullish trade with only 15 days until expiration.
We’re looking to collect 50-80% of credit and will roll the trade IF/WHEN our short option reaches delta 50
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 17MAY 19 225 PUT Total Credit: 3.50 TSLA at 254.77
We’re going to roll up 235P up to 250P to collect additional credit.
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 10MAY 19 250 PUT Buy To Close TSLA 10MAY 19 235 PUT Total Credit: 3.40 We’re going to take this trade off at 65% of max profit.
Order Ticket Type Asset Duration Strike C/P Buy To Close TSLA 17MAY 19 225 PUT Total Debit: 1.20 We’re going to take this trade off and look to re-position with more time until expiration.
Order Ticket Type Asset Duration Strike C/P Buy To Close TSLA 10MAY 19 250 CALL Buy To Close TSLA 10MAY 19 250 PUT Total Debit: 11.25
