Out of DAL for .04, and looking to liquidate outstanding BIDU and F positions to close out a good week.
Beer & Options Journal
- Thread starter beerntrading
- Start date
Out of BIDU at .82
And sold F put for .11! (Executed on the ask!!!)
Edit: Actually kinda excited here, I've thought I saw executions at the ask on a sale before, but always chalked it up to market noise. This is the first time I've watched it happen with no movement in the spread.
And sold F put for .11! (Executed on the ask!!!)
Edit: Actually kinda excited here, I've thought I saw executions at the ask on a sale before, but always chalked it up to market noise. This is the first time I've watched it happen with no movement in the spread.
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We're you "selling to open" that put or selling to close?
And which strike/date was it exactly?
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It was $11 5/26 put. I'm somewhat less impressed with my decision making now....dumped .10 in the 15 mins after my sale. GM lawsuit for emissions cheating. Couldn't have foreseen that. Oh well.
Anyway, I am up 13% on the week, after a brief misadventure into a bearish DAL position, the rest of my portfolio did exactly as expected for the week. A modest loss on my BIDU hedge (4%), a tiny gain on my F long put (36%, but a 1/4 size position). Flipped to bullish on DAL to good effect for a 36% gain (just pennies shy of maximum possible). And this puts me about 8% plus on the month which coincides with the start of this thread.
Now to find greener pastures for the last week of the month.
Positions for next week with expiry 6/2:
CAT call spread 105-107 for 0.65 credit.
UNP put spread 107-108 for 0.37 credit.
MU call spread 29.50-30.50 for .35 credit.
...and CAT is moving, so I'll go ahead and post this for posterity, but more edits coming for a few more positions.
Edit: MS put spread 41.50 - 43 for .54 credit
AIG call spread 63-64 for .35 credit
NKE put spread 51.50 - 52.50 for .35 credit
CAT call spread 105-107 for 0.65 credit.
UNP put spread 107-108 for 0.37 credit.
MU call spread 29.50-30.50 for .35 credit.
...and CAT is moving, so I'll go ahead and post this for posterity, but more edits coming for a few more positions.
Edit: MS put spread 41.50 - 43 for .54 credit
AIG call spread 63-64 for .35 credit
NKE put spread 51.50 - 52.50 for .35 credit
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Well, you're better on price calls than me, but in a market saturated at the top of the Bollinger Bands, this is one of the few that still looks like a nice bullish climber to me. (I really do hate systemic moves--I'm sure I'll have a lynch mob of VIX lovers behind me for that one, but ugh...that complicates entries).
The chart certainly looks strong. But I think the Buffet effect is getting long in the tooth.
Strong resistance at $50ish
Its a risky play. If it breaks north it will happen fast.
So...I did it again and entered an order backwards on CAT...accidentally had a debit spread. Just sold that for a .79 credit. That's a nice 9% gain. And a nice little consolation after my last such mistake with MSFT.
To add insult to injury, I accidentally placed the opening order backwards yesterday as a debit spread before reversing it (that my net credit wasn't filling on the bid probably should have clued me in before I fired it off as a market order). Had I been 2 mins later, I would have picked up 0.10 gain immediately. Had I held it overnight, I'd be eyeing 82% gains
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