Week 41 // Thursday Update // Great News on NVDA Trades | Options Strategies Message Board Posts

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Msg  2349 of 3585  at  5/16/2019 6:28:32 PM  by

sandiegodude2000

The following message was updated on 5/17/2019 2:37:59 AM.

 In response to msg 2348 by  sandiegodude2000
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Re: Week 41 // Thursday Update // Great News on NVDA Trades

  
Today I offered up, as it turns out, 4 trades for use in making money going into tomorrow's
weekly OPEX, which also happens to be the monthly May OPEX. For those who followed
me into executing the NVDA trade (T1), the afterhours quote so far (as of 6:24pm EDT)
shows the stock trading around $162!!
 
If this holds up till the morning open on Friday, I believe anyone who executed this trade
is in great shape for any iron condor thesis in the 160/160 - 165/165 range (I did both
160 and 165). Note: if NVDA does open in the low $160's, I won't know for sure which
side to close until at least after 30 minutes of trading to see where the stock is heading.
I also need to read the analysts' reviews prior to the open to gauge investor sentiment. 
 
T1: Sold NVDA 160/162.50 call spread AND
      Sold NVDA 160/157.50 put spread for +2.35                          Margin used = .15
Closed at $160.19. Afterhours shows $163. Will need to close soon after the open as
the stock will finish higher than $160. 
 
T2: Sold AMZN 1900/1897.50 put spread for +.58                        Margin used = 1.92
T2A: Sold AMZN 1917.50/1920 call spread for +.95 
Closed at $1907.57, Thesis: 1900 - 1917.50  Comment: The risk I believe is to the
downside. If so, I'll first bring the call strikes down to 1900/1902.50 then decide where
to push the put strikes.  
 
T3: Sold (2) ROKU 84/85 call spreads AND
      Sold (2) ROKU 81/80 put spreads for +.45 (+.90)                Margin used = .55 (1.10)
T3A: Closed (2) ROKU 84/85 call spreads AND 
        Sold (2) ROKU 86/87 call spreads for -.32 (-.64)  
T3B: Closed (2) ROKU 81/80 put spreads AND
        Sold (2) ROKU 83/82 put spreads for +.15 (+.30)
Closed at $83.28. Thesis: 83 - 86. Comment: May bring the call strikes back down to
84/85 to perk up the profit.
 
T4: Sold TSLA 232.50/235 call spread AND
      Sold TSLA 227.50/225 put spread for +1.20                        Margin used = 1.30
Closed at $228.33. Thesis: 227.50 - 232.50. Comment: If TSLA heads south in the
morning, will bring the call strikes down to 227.50/230 and then push the put strikes. 
 
LT1: Sold GOOGL 1150/1152.50 call spread AND
       Sold GOOGL 1130/1127.50 put spread for +1.62                   Margin Used = .88
LT1A: Closed GOOGL 1130/1127.50 put spread AND
          Sold GOOGL 1120/1117.50 put spread for -.45
LT1B: Closed GOOGL 1120/1117.50 put spread AND
          Sold GOOGL 1140/1137.50 put spread for +.47
LT1C: Closed GOOGL 1150/1152.50 call spread AND
           Sold GOOGL 1170/1172.50 call spread for -.99
LT1D: Closed GOOGL 1140/1137.50 put spread AND
          Sold GOOGL 1160/1157.50 put spread for +.51
LT1E: Closed GOOGL 1170/1172.50 call spread AND
          Sold GOOGL 1185/1187.50 call spread for -.83
LT1F: Closed GOOGL 1185/1187.50 call spread AND
          Sold GOOGL 1195/1197.50 call spread for -.83
LT1G: Closed GOOGL 1150/1147.50 put spread AND
          Sold GOOGL 1185/1182.50 put spread for +.60
Closed at $1184.50, Thesis: 1185 - 1195. Comment: If no big uptick in the morning, I'll
likely bring the call strikes back down to 1185 and then decide which way to push for 
the finale. Right now the above prices show just +.10 in total, a breakeven trade. 
 
LT2: Sold AMZN 1860/1862.50 call spread AND
        Sold AMZN 1835/1832.50 put spread for +1.72                Margin used = .78
LT2A: Closed AMZN 1860/1862.50 call spread AND
          Sold AMZN 1890/1892.50 call spread for -.94
LT2B: Closed AMZN 1835.1832.50 put spread AND
          Sold AMZN 1890/1887.50 put spread for +.55
LT2C: Closed AMZN 1890/1892.50 call spread AND
          Sold AMZN 1910/1912.50 call spread for -.59
Closed at $1907.57, Thesis: 1890 - 1910 Comment: Looking good for tomorrow.
Total premium after A-B-C transactions = +.74, a near 100% profit....so far. 
 
LT3: Sold NVDA 165/167.50 call spread AND
        Sold NVDA 165/162.50 put spread for +2.32 Margin used = .18
Closed at $159.58. Thesis: 165 - 165. Comment: Looking excellent for Friday if NVDA
opens near $170. 
 
Rolled Positions Update
 
RO23: Short (14) AMZN 1870/1872.50 call spreads
RO23A: Closed (14) AMZN 1870/1872.50 call spreads AND
              Sold (14) AMZN 1850/1852.50 call spreads for +.41 (+5.74)
RO23B: Sold (7) AMZN 1820/1815.50 put spreads for +.87 (+6.09)
RO23C: Sold (7) AMZN 1850/1847.50 put spreads for +1.15 (+8.05)
RO23D: Closed (7) AMZN 1850/1847.50 put spreads AND
              Sold (7) AMZN 1820/1817.50 put spreads for -.79 (-5.53)
RO23E: Closed (16) AMZN 1850/1852.50 call spreads AND
              Sold (16) AMZN 1870/1872.50 call spreads for -.55 (-8.8)
RO23F: Closed (16) AMZN 1820/1817.50 put spreads AND
             Sold (16) AMZN 1850/1847.50 put spreads for +.38 (+6.08)
RO23G: Closed (16) AMZN 1870/1872.50 call spreads AND
              Sold (16) AMZN 1900/1902.50 call spreads for -.95 (-15.20)
RO23H: Closed (16) AMZN 1850/1847.50 put spreads AND
              Sold (16) AMZN 1900/1897.50 put spreads for +.75 (+12.00)
Closed at $1907.57, Thesis: 1900 - 1900. Comment: One last push for tomorrow, with
the possibility of rolling over with a bullish thesis if it pins at $1900. 
 
RO24: Short AMZN 1875/1877.50 call spread
RO24A: Sold AMZN 1820/1817.50 put spread for +.85
RO24B: Closed AMZN 1875/1877.50 call spread AND
              Sold AMZN 1850/1852.50 call spread for +.45
Merged with RO23.
 
RO25: Short AMZN 1890/1892.50 call spread
RO25A: Sold AMZN 1820/1817.50 put spread for +.85
RO25B: Closed AMZN 1875/1877.50 call spread AND
              Sold AMZN 1850/1852.50 call spread for +.70
Merged with RO23.
 
RO26: Short (10) GOOGL 1152.50/1155 call spreads
RO26A: Sold (10) GOOGL 1150/1147.50 put spreads for +1.20 (+12.00)
RO26B: Closed (10) GOOGL 1150/1147.50 put spreads AND
              Sold (10) GOOGL 1130/1127.50 put spreads for -.83 (-8.30)
RO26C: Closed (11) GOOGL 1130/2217.50 put spreads AND
              Sold (11) GOOGL 1152.50 put spreads for +.45 (+4.95)
RO26D: Closed (11) GOOGL 1152.50/1155 call spreads AND
              Sold (11) GOOGL 1170/1172.50 call spreads for -.53 (-5.83)
RO26E: Closed (11) GOOGL 1170/1172.50 call spreads AND
             Sold (11) GOOGL 1190/1192./50 call spreads for -1.05 (-11.55)
RO26F: Closed (11) GOOGL 1152.50 put spreads AND
             Sold (11) GOOGL 1185/1182.50 put spreads for +.75 (+8.25)
Closed at $1184.50. Thesis: 1185 - 1190.  Comment: If going lower in the a.m., will
bring the call strikes back down. 
 
RO27: Short GOOGL 1170/167.50 put spread AND
            Short GOOGL 1180/1182/50 call spread
RO27A: Closed GOOGL 1170/1167.50 put spread AND
              Sold GOOGL 1130/1127.50 put spread for -1.45
RO27B: Closed GOOGL 1180/1182.50 call spread AND
             Sold GOOGL 1152.50/1155 call spread for +.71
RO27 merged with RO26 (11 positions)
 
RO28: Short (2) CMG 702.50/705 call spreads
RO28A: Sold (2) CMG 695/592.50 put spreads for +1.00 (+2.00)
RO26B: Closed (2) CMG 702.50/705 call spreads AND
              Sold (2) CMG 710/712.50 call spreads for -.78 (-1.56)
RO28C: Closed (2) CMG 695/692.50 put spreads AND
              Sold (2) CMG 710/707.50 put spreads for +.50 (+1.00)
RO28D: Closed (2) CMG 710/723.50 call spreads AND
              Sold (2) CMG 717.50/720 call spreads for -.85 (-1.70)
Closed at $708.93. Thesis: 710 - 717.50.
 
RO29: Short (2) NFLX 360/362.50 call spreads
RO29A: Sold (2) NFLX 345/342.50 put spreads for +.82 (1.64)
RO29B: Closed (2) NFLX 360/362.50 call spreads AND
              Sold (2) NFLX 350/352.50 call spreads for +.55 (+1.10)
RO29C: Closed (2) NFLX 350/352.50 call spreads AND
              Sold (2) NFLX 355/357.50 call spreads for -.67 (-1.34)
Merged with RO30 (at RO30B).
 
RO30: Short NFLX 355/357.50 call spread AND
           Short NFLX 355/253.50 put spread
RO30A: Closed NFLX 355/352.50 put spread AND
              Sold NFLX 345/342.50 put spread for -.81
RO30B: Closed (4) NFLX 355/357.50 call spreads AND
              Sold (4) NFLX 360/362.50 call spreads for -74 (-2.96)
RO30C: Closed (4) NFLX 345/342.50 put spreads AND
              Sold (4) NFLX 357.50/355 put spreads for +.55 (+2.20)
Closed at $359.31. Thesis: 357.50 - 360.
 
RO31: Short NFLX 365/362.50 put spread AND
           Short NFLX 365/367.50 call spread
RO31A: Closed NFLX 365/362.50 put spread AND
             Sold NFLX 345/342.50 put spread for -1.43
RO31B: Closed NFLX 365/367.50 call spread AND
              Sold NFLX 355/357.50 call spread for +.51
RO31 merged with RO30 for quantity of (2) positions.
=================================================================
Current holdings with theses:
 
RO23: Short (16) AMZN 1900/1902.50 call spreads
           Short (16) AMZN 1190/1897.50 put spreads
Thesis: 1900 - 1900. Net premium total this week: +16.81
 
RO26: Short (11) GOOGL 1170/1172.50 call spreads
           Short (11) GOOGL 1152.50/1150 put spreads
Thesis: 1185-1190 Net premium total this week: -1.22
 
RO28: Short (2) CMG 710/712.50 call spreads
           Short (2) CMG 695/592.50 put spreads
Thesis: 710-717.50   Net premium total this week: -.26
 
RO30: Short (4) NFLX 355/357.50 call spreads
           Short (4) NFLX 345/342.50 put spreads
Thesis: 357.50 - 360   Net premium total this week: -1.09
 
 
 


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Msg # Subject Author Recs Date Posted
2350 Re: Week 41 // Friday Morning Preview (How to Handle NVDA Positions) sandiegodude2000 1 5/17/2019 3:37:16 AM


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