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ADBE at 277.76
We’re going to BUY TO CLOSE 300C
Order Ticket Type Asset Duration Strike C/P Buy To Close ADBE 17MAY 19 300 CALL Total Debit: 0.20 MMM at 180.24
We’re going to put on a NEUTRAL position with 31 days until expiration.
Short strikes are around 20 delta and that should give us an Implied Probability of Profit somewhere around 60-65%.
We’re going to make an adjustment if either short option gets breached.
Our potential profit target is between 50% and 80% of credit received.
Order Ticket Type Asset Duration Strike C/P Sell To Open MMM 07JUN 19 190 CALL Sell To Open MMM 07JUN 19 170 PUT Total Credit: 2.70 – 2.75 ADBE at 275.28
We’re selling an OTM Call to collect additional credit and reduce overall risk in the trade.
Order Ticket Type Asset Duration Strike C/P Sell To Open ADBE 17MAY 19 287.5 CALL Total Credit: 1.50 SMH at 113.05
We’re going to roll 119 Call down to 117 strike, collecting a bit more credit
Order Ticket Type Asset Duration Strike C/P Buy To Close SMH 17MAY 19 119 CALL Sell To Open SMH 17MAY 19 117 CALL Total Credit: 0.40 SMH at 112.73
We’re going to sell a STRANGLE with 44 days until expiration.
Our short strikes are around 16 delta, giving this trade an implied Probability of Profit around 65-70%.
We’re looking to collect 50-80% of credit and exit and make adjustments IF/WHEN either of the short strikes gets breached.
Order Ticket Type Asset Duration Strike C/P Sell To Open SMH 21JUN 19 122 CALL Sell To Open SMH 21JUN 19 102 PUT Total Credit: 2.00 – 2.10 BA at 357.52
We’re selling an OTM put with an Implied Probability of Profit around 78%
This is a short term trade with only 16 days until expiration.
I’m going to make an adjustment IF/WHEN short option gets breached and I’ll look to collect 50-80% of credit and exit the trade.
Order Ticket Type Asset Duration Strike C/P Sell To Open BA 24MAY 19 340 PUT Total Credit: 3.60 SMH at 108.26
We’re going to roll the 117C down to 108C to invert this strangle with 8 days to go.
Order Ticket Type Asset Duration Strike C/P Buy To Close SMH 17MAY 19 117 CALL Sell To Open SMH 17MAY 19 108 CALL Total Credit: 2.85 ADBE AT 271.95
We’re going to roll 287.5C down to 280C, collecting additional credit
Order Ticket Type Asset Duration Strike C/P Buy To Close ADBE 17MAY 19 287.5 CALL Sell To Open ADBE 17MAY 19 280 CALL Total Credit: 1.60 STZ at 203.84
We’re going to roll 220C down to 210, collecting additional credit
Order Ticket Type Asset Duration Strike C/P Buy To Close STZ 17MAY 19 220 CALL Sell To Open STZ 17MAY 19 210 CALL Total Credit: 0.75 SPX 2860.31
We’re going to unwind this trade.
First thing I want to do is remove the 2960/2970 Bear Call spread.
Order Ticket Type Asset Duration Strike C/P Sell To Close SPX 17MAY 19 2970 CALL Buy To Close SPX 17MAY 19 2960 CALL Total Debit: 0.25 I will also remove the hedge that I used to protect the Short Call spread.
Order Ticket Type Asset Duration Strike C/P Sell To Close SPX 24MAY 19 2980 CALL Total Credit: 1.05 This will leave 2800/2790 Bull Put open that expires next week.
STZ at 199.31
We’re going to take this trade off at a loss of around 1X credit
Order Ticket Type Asset Duration Strike C/P Buy To Close STZ 17MAY 19 210 CALL Buy To Close STZ 17MAY 19 205 PUT Total Debit: 6.50 SPX at 2830
We’re looking to put on a slightly bullish position with 35 days until expiration.
We’re collecting a credit to enter this trade. We’re going to make adjustments IF SPX trades below 2725.
This trade is showing MID price of 2.60 credit with about 22.40 margin.
ROR in this trade around 11.60% with implied POP around 80%
Order Ticket Type Asset Duration Strike C/P BTO SPX 14JUN 19 2725 PUT STO X2 SPX 14JUN 19 2700 PUT BTO SPX 14JUN 19 2650 PUT Total Credit: 2.60 – 2.70 SMH at 106.35
We’re going to take this trade off for a loss
Order Ticket Type Asset Duration Strike C/P Buy To Close SMH 17MAY 19 108 CALL Buy To Close SMH 17MAY 19 113 PUT Total Debit: 8.05 TSLA at 228.33
We’re selling an OTM Put with an Implied POP around 84%
This is a short term trade with only 18DTE.
Our Profit Target around 50-80% of credit and we’ll adjust IF 205 level is breached.
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 31MAY 19 205 PUT Total Credit: 3.05 ADBE at 268.28
We’re going to roll 280 Call down to 270 strike for additional credit.
Order Ticket Type Asset Duration Strike C/P Buy To Close ADBE 17MAY 19 280 CALL Sell To Open ADBE 17MAY 19 270 CALL Total Credit: 3.20
