Search results

Sold the 1860 for 1.20. Covered 1885P with UL at 1872.25

So, of the orig. Oct17 put spread the +1 1860/-1 1850/+1 1840 is left. I'll ignore it for now and focus on call ratio/put hedge mess. Yet another meandering messed up trade. I liked the Oct.17 put spread though. Well executed. The Oct.24 put spread isn't nearly as good and I was trying to...

Thank goodness pink sheet stocks are back. Actually, only pink sheet that I ever traded was Downey Savings during the financial crises of 2008/2009. Great and friendly institution. Sad to see it go as well as several of my fav. restaurants and good old Mervyns. Some of those places were...

BTW, legged out of CL box - terrible leg out. CL option expiry cleared out everything including -3 futures.

Sell the 1885P @ 3.70

buy back put @ 5.75

Obviously, I thought that market would go lower. Take a loss if necessary. I wanted to sell the 1885P for 3+ but above 1990 couldn't get it. Now, yeah.

Just sold the expiring 1890P @ 4.20 for some weak support.

Last night legged into 1880/1890 Oct24 1x2 call ratio spread for 10.25 credit. In support of the Oct24 put spread. Not a very good trade - but glad I got it completed. Just sold one more 1890 @18.75 for a 1x3. Now may use the put spread to support the call ratio.

That leaves +1 1860/-1 1850/+1 1840 (puts) expiring today.

Sell the expiring 1890 @ 11 and buy back 2 1870s @ 2.70 all puts.

Got the 81/83 CL box. The result of 2 dir. trades conversion/reversal. Gotta watch that the rest of the day for pin risk. I don't want any uncertainty.

Buy back 8.50

Just sold the Oct17 1840P for 9.75. Over 10 right now. We'll see. Uncovered spread.

It's more tempting to short this rally than go long.

FYI, I also have an elaborate spread on CL. Made some money on the entries, but lost it all back on the net pos. which was 91/90/89 short put fly. I had my chances as it hung around 90 for a while. Mostly reversals and now some boxes, short term directional trades. Gotta watch pin risk...

So now the Oct. 24 spread looks like +1 1850/-2 1830/+1 1810/-1 1800/+1 1790 (puts) for a credit of 2pts or 100 gross (with gain on call and loss on 1800P). Comms are 1.41 per trip, but I traded the Oct. 17 1840P several times. (+1.50) It all adds up. 34 x 1.41 = 47.94 costs for both spreads...

Buy Oct. 24 1800P @ 9.50

Buy back call for 7.50

EOD rally? Maybe. But as donnap likes to say - it's gotta go up to go up.