Forum Replies Created
-
Posts
-
RUT at 1652
I’m going to roll up the lowest of 3 butterflies in 2 steps.
1. Close 1500/1570/1620 Put Butterfly
Order Ticket Type Asset Duration Strike C/P STC RUT 17JAN 1620 PUT BTC X2 RUT 17JAN 1570 PUT STC RUT 17JAN 1500 PUT Total Credit: 3.40 2. Open 1560/1630/1690 Put Butterfly
Order Ticket Type Asset Duration Strike C/P BTO RUT 17JAN 1690 PUT STO X2 RUT 17JAN 1630 PUT BTO RUT 17JAN 1560 PUT Total Debit: 14.00 – 14.50 Risk Profile:
COST at 296.08
COSTO is going to announce earnings tonight after the close. I’m going to put on a slight variation of a Jade Lizard
I’m buying an ATM Put spread and selling an OTM Put (naked) that will leave this trade with no risk on the upside.
COST is pricing in a move around +/-11.75 by 20DEC expiration. If the actual move, after the earnings, is within the expected price range, this trade should be a quick winner.
If COST trades at or below short (naked) Put, I will look to roll this put down and out while taking a Max Profit on the long Put Debit spread.
Order Ticket Type Asset Duration Strike C/P Buy To Open COST 20DEC 297.5 PUT Sell To Open COST 20DEC 295 PUT Sell To Open COST 20DEC 285 PUT Total Credit: 0.45 – 0.50 BA at 343.21
I’m selling a STRANGLE with 36DTE.
I’m looking to collect around $2.00 for each short option. This trade has an implied probability of profit around 80%
My profit target is 50-80% of max profit and I’ll make adjustments when either short option’s delta reches 35-40
Order Ticket Type Asset Duration Strike C/P Sell To Open BA 17JAN 375 CALL Sell To Open BA 17JAN 310 PUT Total Credit: 4.10 NFLX AT 297.74
I’m going to close 307.5/310 CALL SPREAD here. I sold this spread for 0.80 and it’s now worth a nickel.
This is going to leave 290 Put short naked with 8DTE.
Order Ticket Type Asset Duration Strike C/P Sell To Close NFLX 13DEC 310 CALL Buy To Close NFLX 13DEC 307.5 CALL Total Debit: 0.05 COST at 293.18
We’re going to take this trade off for a profit.
Order Ticket Type Asset Duration Strike C/P Sell To Close COST 20DEC 297.5 PUT Buy To Close COST 20DEC 295 PUT Buy To Close COST 20DEC 285 PUT Total Credit: 1.00 TSLA at 357
I’m going to roll up 367.5 call up to 375 strike to re-balance NET delta in this trade.
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 27DEC 375 CALL Buy To Close TSLA 27DEC 367.5 CALL Total Debit: 1.90 TSLA at 376
I’m going to roll up 330 Put up to 362.5 strike, collecting additional credit.
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 27DEC 362.5 PUT Buy To Close TSLA 27DEC 330 PUT Total Credit: 3.20 SPX at 3194
I’m going to roll up 2900/2890 Put spread up to 3070/3060 – collecting additional credit.
Order Ticket Type Asset Duration Strike C/P Sell To Open SPX 17JAN 3070 PUT Buy To Open SPX 17JAN 3060 PUT Buy To Close SPX 17JAN 2900 PUT Sell To Close SPX 17JAN 2890 PUT Total Credit: 0.50 TSLA at 382.24
I’m going to roll up 362.5 Put up to 375 strike, turning this into a straddle and collecting more credit.
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 27DEC 375 PUT Buy To Close TSLA 27DEC 362.5 PUT Total Credit: 3.60 RUT at 1656
I’m going to roll up the lowest of 3 butterflies up 60 points. This is the second roll in this trade.
1. SELL TO CLOSE 1520/1990/1640 Put butterfly
Order Ticket Type Asset Duration Strike C/P Sell To Close RUT 17JAN 1640 PUT BTC X2 RUT 17JAN 1590 PUT Sell To Close RUT 17JAN 1520 PUT Total Credit: 4.90 – 5.10 2. BUY TO OPEN 1580/1650/1710 Put butterfly
Order Ticket Type Asset Duration Strike C/P BTO RUT 17JAN 1710 PUT STO X2 RUT 17JAN 1650 PUT BTO RUT 17JAN 1580 PUT Total Debit: 21.70 Risk Profile:
NFLX at 303.85
It’s time to ring the register and take profits
Order Ticket Type Asset Duration Strike C/P Buy To Close NFLX 20DEC 290 PUT Total Debit: 0.6 BA at 329.42
I’m going to BUY TO CLOSE 375 Call
Order Ticket Type Asset Duration Strike C/P Buy To Close BA 17JAN 375 CALL Total Debit: 0.50 BA at 332.90
I’m going to SELL TO OPEN 335/340 CALL spread to turn this trade into a JADE LIZARD
Order Ticket Type Asset Duration Strike C/P Buy To Open BA 17JAN 340 CALL Sell To Open BA 17JAN 335 CALL Total Credit: 2.15 TSLA at 387
I’m going to roll up 375 Call to 387.5 strike
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 27DEC 387.5 CALL Buy To Close TSLA 27DEC 375 CALL Total Debit: 8.00 TSLA at 394
I’m going to roll up 387.5 Call up to 395 strike and out to 03JAN expiry.
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 03JAN 395 CALL Buy To Close TSLA 27DEC 387.5 CALL Total Credit: 0.85
