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Options Strategies
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Re: Week 79 // Wednesday After the Close UpdateA total of 4 new trades dropped today, along with updates on 2 RO's. Here's where things stand: Three new one-and-done trades dropped today, plus an AMZN 2-step trade, plus an update to LT2 (DIS). LT = Long-Term Trade (3-5 Days) MU = Margin Used ================================================================== LT Trades LT1: Sold (10) ROKU 121/120 put spreads for +.21 (+2.10) MU = .79 (7.90) Closed at $126.56 Thesis: >121 Premium Total: +2.10 Comment: Call spreads will be sold on late Thu or sometime on Fri. LT2: Sold (10) DIS 140/141 call spreads for +.21 (+2.10) MU = .79 (7.90) LT2A: Sold (10) DIS 140/139 put spreads for +.30 (+3.00) LT2B: Closed (10) DIS 140/141 call spreads for -.66 (-6.60) LT2C: Sold (10) DIS 142/143 call spreads for +.25 (+2.50) Closed at $141.30 Thesis: 140-142 Premium Total: +1.00 Comment: Worst LT trade. LT3: Sold (8) BABA 220/217.50 put spreads for +.55 (+4.40) MU = 1.95 (15.60) Closed at $222.14 Thesis: >220 Premium Total: +4.40 Comment: Call spreads to be tomorrow, most likely. Looking at the 222.50/225 spreads. LT4: Sold (8) AAPL 320/317.50 put spreads for +.54 (+4.32) MU = 1.96 (15.68) Closed at $323.62 Thesis: >320 Premium Total: +4.32 Comment: Call spreads to be sold later. LT5: Sold (4) NVDA 305/300 put spreads for +1.25 (+5.00) MU = 3.75 (15.00) Closed at $314.70 Thesis: >305 Premium Total: +5.00 Comment: Call spreads to be sold later. LT6: Sold (5) AMZN 2200/2205 call spreads AND Sold (5) AMZN 2185/2180 put spreads for +3.90 (+19.50) MU = 1.10 (5.50) LT6A: Closed (5) AMZN 2185/2180 put spreads AND Sold (5) AMZN 2150/2145 put spreads for -2.20 (-11.00) Closed at $2170.22 Thesis: 2150-2200 Premium Total: +8.50 Comment: Original thesis now looks to have been incorrect. Tightening of the thesis will goose the final return. ================================================================== RO Positions RO1: Short (30) AMZN 2135/2130 put spreads RO1A: Sold (15) AMZN 2135/2140 call spreads for +2.16 (+32.40) RO1B: Sold (15) AMZN 2150/2155 call spreads for +1.73 (+25.95) Closed at $2170.22 Thesis: 2135-2135 (15); 2135-2150 (15) Premium Total: +58.35 Comment: Will push the ITM spreads tomorrow. RO2: Short (10) CVS 71/70 put spreads RO2A: Sold (10) CVS 72.50/73.50 call spreads for +.22 (+2.20) Closed at $71.78 Thesis: 71-72.50 Premium Total: +2.20 Comment: RO3: Short (10) LYFT 42/43 call spreads RO3A: Closed (10) LYFT 42/43 call spreads AND Sold (10) LYFT 45/46 call spreads for -.51 (-5.10) RO3B: Sold (10) LYFT 44.50/43.50 put spreads for +.27 (+2.70)RO3C: Closed (10) LYFT 45/46 call spreads for -.67 (-6.70) Closed at $46.24 Thesis: >44.50 Premium Total: -9.10 Comment: Final call spreads to be sold tomorrow. RO4: Short (10) ROKU 130/129 put spreads RO4A: Sold (10) ROKU 131/132 call spreads for +.37 (+3.70) Closed at $126.56 Thesis: 130-131 Premium Total: +3.70 Comment: Stock traded in the 130-131 range for a good part of the day before selling off. Need to push the put spreads tomorrow. |
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Msg # | Subject | Author | Recs | Date Posted |
5381 | Re: Week 79 // Thursday Morning Preview | sandiegodude2000 | 0 | 2/20/2020 4:20:22 AM |