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Optionstrategies

$VET nice VCP with bullish sweepsNice technical set up and bullish PUT sweeps at the bid to support, interesting one trader opened 12/16 22.5 puts for about 310K in premium.... stock is trading at 21.95 implying strong upside move . For the more conservative, can wait for pennant / triangle breakout to go long / short, depending on direction. My bias is to the upside and am long here with a stop being close outside of triangle with confirmation. Almost forgot, that MACD is looking juicy as well : )
NYSE:VETLong
by FriscoTrades
Rolling: ARKK April 14th 80C/103P to May 20th 77P/102.22C... for a .93 credit. Comments: There isn't much extrinsic left in the deep in-the-money short put, so rolling it out to May to collect additional credit and reduce cost basis further. Total credits collected of 25.86 on what is now a 24.22 inverted with a break even of 76.36 relative to where the underlying is currently trading at 65.37. I'll continue to scalp around this position to reduce cost basis further, but have been working it for several cycles already, so it's more about mitigating loss at this point than attempting to make money on the position (although you never know).
AMEX:ARKK
by NaughtyPines
Closed: BITO January 21st 25/44 Short Strangle... for an .80 debit. Comments: Filed this for a 1.60 credit (See Post Below; out here via good-until-cancelled order to take profit at 50% max. .80/$80 profit. 3.3% ROC as a function of buying power effect. Although implied volatility has contracted a bit, will consider re-upping in the February cycle after New Year's, assuming the strikes above 40 get populated. Currently, the February 18th 40 short call is the highest available strike, with a delta of .29.
AMEX:BITO
by NaughtyPines
Rolling (IRA): SPY February 18th 335 to 362... for a 1.21 credit. Comments: Adjusting a rung of my longer-dated premium-selling strategy in SPY* to lock in realized gains and take advantage of this higher volatility environment. I've collected a total of 18.03 (See Post Below) + 1.21 or 19.24 with rolls with this contract relative to a current short put value of 3.66, so have realized gains of 19.24 - 3.66 or 15.58 ($1558) so far. Will generally look to roll at 50% max. * -- The basic strategy is to sell the shortest duration premium in SPY at 16 delta or less that is paying at least 1% of the strike price in credit and to roll intraexpiry (as I did here) or from month to month at 50% max (i.e., when the short put reaches 50% profit).
AMEX:SPY
by NaughtyPines
Rolling: KWEB December 17th to January 19th 43 Short Put... for a .56/contract credit. Comments: Rolling out at >50% max here for a realized gain and a credit and without taking on additional risk. I originally filled this a 1.04/contract credit (See Post Below), so have collected a total of 1.56 relative to a short put value of 1.04 (i.e., realized gains of 1.56 -1.04 = .54/$54). Implied remains relatively decent here at a 30-day of 45.4%. If it had dropped below 35%, I'd probably just take profit and move on.
AMEX:KWEBLong
by NaughtyPines