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TSLA at 224
I’m looking to put on a NEUTRAL position with 10 days until expiration.
I’m selling a strangle with short put around 10 delta and a short call around 11 delta, looking to collect about 0.85c for each option.
This trade has an Implied Probability of Profit around 82%
I will aim to collect 50-80% of credit and exit the trade
OR
I will make necessary adjustments if TSLA breaks 205 or 240 levels.
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 13SEP 245 CALL Sell To Open TSLA 13SEP 200 PUT Total Credit: 1.70 BA at 354.20
I’m going to close out this trade at 60% of max profit.
Order Ticket Type Asset Duration Strike C/P Buy To Close BA 6SEP 375 CALL Buy To Close BA 6SEP 342 PUT Total Debit: 1.05 ROKU at 164
I’m going to roll this position out 1 week. I’m rolling 152.5/155 Strangle to 160 Straddle.
Closing 6SEP Strangle
Order Ticket Type Asset Duration Strike C/P Buy To Close ROKU 6SEP 155 CALL Buy To Close ROKU 6SEP 52.5 PUT Total Debit: 10.45 Opening 13SEP Straddle
Order Ticket Type Asset Duration Strike C/P Sell To Open ROKU 13SEP 160 CALL Sell To Open ROKU 13SEP 160 PUT Total Credit: 13.05 ROKU 168.27
I’m going to sell a short term strangle with an implied probability of profit around 85%.
Right now, the options market is pricing in +/- 15 points of movement for this stock for the next 9 days.
I’m selling options that are almost 25-30 points away from where ROKU is trading right now.
I will look to capture 50-80% of credit or make adjustments below 150 or above 190.
Order Ticket Type Asset Duration Strike C/P Sell To Open ROKU 13SEP 195 CALL Sell To Open ROKU 13SEP 145 PUT Total Credit: 2.10 ROKU at 163.82
We’re going to take a profit at around 40% of credit.
Order Ticket Type Asset Duration Strike C/P Buy To Close ROKU 13SEP 195 CALL Buy To Close ROKU 13SEP 145 PUT Total Debit: 1.30 ROKU at 162.75
I’m going to roll up 160 Call up to 170 strike for a debit.
This adjustment will re-balance my NET DELTA while preserving most of the THETA.
Order Ticket Type Asset Duration Strike C/P Sell To Open ROKU 13SEP 170 CALL Buy To Close ROKU 13SEP 160 CALL Total Debit: 4.00 TSLA at 225.86
I’m looking to sell a STRANGLE with 15 days until expiration.
Right now, TSLA options are pricing in +/- 15 points worth of movement between now and the expiration. I’m looking to place my short strikes about 25 points away. If TSLA stays inside of expected range then this will be an easy win.
If TSLA starts to move then we’ll have to make adjustments.
I’m selling 200P/250C STRANGLE for 2.25 My Profit Target is 50-80% of credit collected.
Adjustments levels 205 and 245.
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 20SEP 250 CALL Sell To Open TSLA 20SEP 200 PUT Total Credit: 2.25 SPX at 2982
We’re going to exit this trade for a nice profit:
Order Ticket Type Asset Duration Strike C/P STC SPX 20SEP 2800 PUT BTC X2 SPX 20SEP 2775 PUT STC SPX 20SEP 2725 PUT Total Debit: 0.10 – 0.20 Risk Profile:
ROKU at 169.75
I’m going to roll up 160P up 5 points, collecting additional credit.
This will cut down NET delta and boost NET theta.
RUT at 1514
We’re going to put on a slightly OTM Put butterfly.
This trade is going to be scaled in 3 tiers.
This first tier is going to be 15 points below the current price and the width of the wings is going to be 70 points on the downside and 50 points on the upside.
Order Ticket Type Asset Duration Strike C/P BTO RUT 31OCT 1550 PUT STO X2 RUT 31OCT 1500 PUT BTO RUT 31OCT 1430 PUT Total Debit: 4.40 Tier2 will be added WHEN RUT trades above 1540
On the downside, we’ll make adjustments WHEN RUT trades below 1460.
TSLA at 229.75
We’re going to close out this trade at 80% of max profit
Order Ticket Type Asset Duration Strike C/P Buy To Close TSLA 13SEP 245 CALL Buy To Close TSLA 13SEP 200 PUT Total Debit: 0.35 ROKU at 160.75
I’m going to add a short straddle at 160 with 4 days to expiration.
Order Ticket Type Asset Duration Strike C/P Sell To Open ROKU 13SEP 160 CALL Sell To Open ROKU 13SEP 160 PUT Total Credit: 9.90 ROKU at 155.65
I’m going to BUY TO CLOSE 165/170 Strangle, leaving a short straddle at 160 open.
Order Ticket Type Asset Duration Strike C/P Buy To Close ROKU 13SEP 170 CALL Buy To Close ROKU 13SEP 165 PUT Total Debit: 11.50 ROKU at 155.84
I’m selling a STRADDLE at 155 strikes.
Order Ticket Type Asset Duration Strike C/P Sell To Open ROKU 13SEP 155 CALL Sell To Open ROKU 13SEP 155 PUT Total Credit: 8.70
