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Options Strategies
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Re: Week 50 // More Monday Morning Trades on Rolled PositionsHaving to deal with a fridge that pooped out this morning, I am finding time to execute a couple of more sales of call spreads as a continuing hedge against the rolled positions. RO80B: Sold (4) AMZN 2020/2030 call spreads for +3.50 (+14.00) at 12:32pm when AMZN = $2005 Thesis: 2010-2020 This concludes the selling of 6 of these spreads against the 24 short 2010/2007.50 put spreads. I don't know why the MMs are using $10 strikes this week, but it is definitely distorting the AMZN options market somewhat as investors are hesitant to put up extra margin in order to sell any call spread this week. RO87A: Sold NVDA 167.50/170 call spread for +.99 sy 12:23pm when NVDA = $167. Thesis: 167.50-167.50 RO84A: Sold (3) CMG 752.50/755 call spreads +1.20 (+3.60) at 12:31pm when CMG = $752.50 Thesis: 752.50-752.50 Beginning at the $755 strike and higher, the MMs are only offering $5 strikes, again helping to distort trading in the options pit. With the exception of TSLA this concludes the selling of call spreads against the rolled short put spreads. Summary at end of the day. |
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Msg # | Subject | Author | Recs | Date Posted |
3028 | Re: Week 50 // Monday After the Close Update | sandiegodude2000 | 1 | 7/15/2019 7:52:55 PM |