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NFLX at 314.46
I’m selling a short term STRANGE around 15 delta on each side.
This is a NEUTRAL trade with an implied probability of profit of around 80%. I’m looking to capture 50-80% of credit collected and make any adjustments when short strike’s delta increases to 35.
Order Ticket Type Asset Duration Strike C/P Sell To Open NFLX 13DEC 335 CALL Sell To Open NFLX 13DEC 295 PUT Total Credit: 3.30 PYPL at 108.50
I like the look of this chart and am bullish on this stock over the next few weeks.
I’m selling an OTM put with an Implied Probability of Profit around 70%.
I’m looking to collect 50-80% of credit and make adjustments if this stock trades around 105.
Order Ticket Type Asset Duration Strike C/P Sell To Open PYPL 20DEC 105 PUT Total Credit: 1.09 TSLA at 333.75
I’m going to close out this trade at 60% of max profit.
Order Ticket Type Asset Duration Strike C/P Buy To Close TSLA 6DEC 310 PUT Total Debit: 0.45 SPX at 3120
We’re going to close out the remaining part of this position.
SPX at 3120
We’re going to put on an OTM Put Butterfly with an implied Probability of Profit around 90%.
I’m selling a Put around 15 delta and I’m buying the wings at 50 points below the short put and 25 points above the short put. This makes it a 50 by 25 Broken Wing Put Butterfly.
I will look to capture 50-80% of credit collected at entry.
If SPX starts to move against me, I will look to make adjustments at 2950 level. My stop out level is 2900.
Order Ticket Type Asset Duration Strike C/P BTO SPX 17JAN 2950 PUT STO X2 SPX 17JAN 2925 PUT BTO SPX 17JAN 2875 PUT Total Credit: 1.65 NFLX at 305.03
I’m going to BUY TO CLOSE 335 Call. This call is trading around 0.22 and no longer provides any reason to continue to hold it.
Order Ticket Type Asset Duration Strike C/P Buy To Close NFLX 13DEC 335 CALL Total Debit: 0.21 TSLA at 335.84
I’m selling a short term STRANLGE with 9 days until expiration.
My short options are around 20 delta and this trade has an implied probability of profit around 70%.
I will look to collect 50-80% of credit as my profit target. My adjustment points are 322 and 350.
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 13DEC 352.5 CALL Sell To Open TSLA 13DEC 320 PUT Total Credit: 4.04 PYPL at 104.47
I’m going to sell a 105 Call to convert this short put position into a 105 STRADDLE
Order Ticket Type Asset Duration Strike C/P Sell To Open PYPL 20DEC 105 CALL Total Credit: 1.80 TSLA at 336.19
This trade is at 40% of max profit and I will take this trade off here.
Order Ticket Type Asset Duration Strike C/P Buy To Close TSLA 13DEC 352.5 CALL Buy To Close TSLA 13DEC 320 PUT Total Debit: 2.40 NFLX at 303.40
I’m going to sell a 307.5/310 CALL SPREAD to convert this trade into a Jade Lizard
Order Ticket Type Asset Duration Strike C/P Buy To Open NFLX 13DEC 310 CALL Sell To Open NFLX 13DEC 307.5 CALL Total Credit: 0.80 TSLA at 341
I’m selling a short term strangle with an implied Probability of Profit around 75%
My short strikes are around 17-20 delta. I will make adjustments when a short strike’s delta reaches 40.
My profit target is 50-80% of the credit collected.
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 20DEC 362.5 CALL Sell To Open TSLA 20DEC 320 PUT Total Credit: 4.60 NFLX at 295.80
I’m going to roll 295 Put down and out 1 week, collecting a small credit. My downside breakeven will be 286-285
Order Ticket Type Asset Duration Strike C/P Buy To Close NFLX 13DEC 295 PUT Sell To Open NFLX 20DEC 290 PUT Total Credit: 0.30 TSLA at 356.44
I’m buying back 320 PUT here as it has lost about 75% of it’s value
Order Ticket Type Asset Duration Strike C/P Buy To Close TSLA 20DEC 320 PUT Total Debit: 0.55 TSLA at 355.85
I’m going to make an adjustment on the upside:
Order Ticket Type Asset Duration Strike C/P Buy To Close TSLA 20DEC 362.5 PUT Sell To Open TSLA 27DEC 367.5 PUT Total Credit: 0.25
I’m also going to sell an OTM put to convert this trade back to a SHORT STRANGLE:
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 27DEC 330 PUT Total Credit: 2.10 PYPL at 105.14
I’m going to pick up 107 Call to define my risk on the upside.
Order Ticket Type Asset Duration Strike C/P Buy To Open PYPL 20DEC 107 CALL Total Debit: 0.65
