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SHOP at 344
I’m looking to sell a STRANGLE that expires in 3 days.
13SEP options are pricing in +/- 15 points.
I’m selling options about 25-30 points OTM.
Order Ticket Type Asset Duration Strike C/P Sell To Open SHOP 13SEP 370 CALL Sell To Open SHOP 13SEP 315 PUT Total Credit: 1.75 NOTE: Buying 300 Put and 385 Call will turn this into a 15 point wide Iron Condor.
ROKU at 144.69
News came out that AAPL TV+ is going to compete with ROKU and the stock is down sharply. Because this is a short strangle, it’ll be a little bit easier to manage this position, compared to if we had Iron Condors on in ROKU.
I’m going to roll down 160 and 155 puts down to 145 strike and out to 27SEP.
BUY TO CLOSE 160 and 155 Puts
SELL TO OPEN 145 Put
RUT at 1556
We’re adding Tier 2
Next add: When RUT trades 1560-1570
SHOP at 342
We’re closing this trade at 65% of max profit
TSLA at 245.56
We’re going to roll up 200 put up to 225 strike, collecting additional credit.
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 20SEP 225 PUT Buy To Close TSLA 20SEP 200 PUT Total Credit: 0.88 RUT at 1565
We’re adding Tier 3
Order Ticket Type Asset Duration Strike C/P BTO RUT 31OCT 1590 PUT STO X2 RUT 31OCT 1540 PUT BTO RUT 31OCT 1470 PUT Total Debit: 4.75 NOTE: Next adjustment on th upside is to roll Tier 1 up 60 points and on the downside we’re going to remove Tier 3 IF/WHEN RUT is below 1490-1480
TSLA at 246
I’m going to roll short 250 Call up and out to 255 Call in 27SEP expiration.
I’m collecting additional credit for this trade.
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 27SEP 255 CALL Buy To Close TSLA 20SEP 250 CALL Total Credit: 0.25 – 0.30 ROKU at 145.71
I’m going to BUY TO CLOSE 13SEP 155 and 160 Calls and SELL TO OPEN 27SEP 160 Calls.
This roll will bring in additional credit and re-balance NET delta.
Risk Profile:
TSLA at 244.15
I’m rolling 20SEP 225P out to 27SEP, collecting additional credit
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 27SEP 225 PUT Buy To Close TSLA 20SEP 225 PUT Total Credit: 1.08 ROKU at 139
I’m going to roll 160C down to 145C strike, collecting additional credit
Risk Profile:
ROKU at 135
This trade is down almost 2X credit and it’s time to put in a stop.
CMG at 832.06
I’m looking to put on a neutral position in CMG with 29 days to expiration.
I’m selling a Call Credit spread and a Put Credit spread to make this an Iron Condor. The short options are around 16 delta. The long options are 15 points further OTM, making this a defined risk trade with risk limited to the width of the strikes (15 points X 100 shares = $1,500 per contract)
Order Ticket Type Asset Duration Strike C/P Buy To Open CMG 18 OCT 900 Call Sell To Open CMG 18 OCT 885 Call Sell To Open CMG 18 OCT 775 Put Buy To Open CMG 18 OCT 760 Put Total Credit: 3.30 – 3.40 Profit Target: 50-80% of credit collected
Stop Loss: A loss of 1X credit or 6.80 debitRUT at 1581
I’m going to start a rolling sequence by moving the lowest of 3 butterflies up 60 points.
Close out 1430/1500/1550 Put butterfly
Open 1490/150/1620 Put butterfly
Risk Profile: 
TSLA at 247.33
We’re going to close out this trade and move on to the next
Order Ticket Type Asset Duration Strike C/P Buy To Close TSLA 27 SEP 255 CALL Buy To Close TSLA 27 SEP 225 PUT Total Debit: 3.05 SPX at 3008
I’m looking to put on a trade that is slightly bearish.
Right now, SPX is pricing in +/- 60 points for 04OCT expiration. I’m going to sell a put that is about 30 points below the current market. I’m also buying a put at the same strike price but with 2 more weeks until expiration.
This is a Delta negative trade with positive Theta and positive Vega.
This trade makes money if SPX trades towards the short strike (2975) over the next 2 weeks. I’m looking to make 20% return on risk and don’t want to risk too much more than what I’m looking to make.
Order Ticket Type Asset Duration Strike C/P Sell To Open SPX 04OCT 2975 PUT Buy To Open SPX 18OCT 2975 PUT Total Debit: 11.40
