New Trade on VZ 09/17/2021 CALL $60 (35K open in June and 20K open in July for $60 strike)
Instead of buy September $60 call @ $.88
05/14/2021 B $55/S $56/S $59 and 09/17/2021 B $60 for $1.48. $55/$56 is in the money max profit $1, so my Sep my cost is $.48 vs $.88, potential less profit if it trade above $59 by 5/14/2021. Target 700% or 400% if buy September only.
Depend where it's at by 05/14/2021, then I could roll 05/14/2021 B $55/S $56/S $59 to 05/21/2021 to collect between $.40 to $.60 to risk free trade.
Last edited by SWAVET; 04-29-2021 at 02:18 PM.
Sold 05/14/2021 B $55/S $56 for $1 credit and roll up bought Call $57/$58 for $.67 debit or combine $.33 credit that bring my cost down to ($1.48-$.33=$1.15). I'll closed to collect max credit @$1 and I'll continue to roll in the money call to 5/21/2021 as need to collect more to protect 05/14/2021 Call $59 that I short.
Earning always risky but I'm willing to risk $200 or less per earning for potential +400% in return
ATVI earning after hour today
I bought ATVI 05/07/2021 Call $94.50 and sold $95.50 for $.22 an hour ago and now get it for $.10(Mid) - Now risk $10 vs reward $100 (900%), potential lost all can't get money back if goes south.
and I also bought calendar Call spread Buy 06/18/2021 $105/Sell 05/07/2021 $105 for $.31 debit (just got filled) - ATVI was trading in $95 area two weeks ago and 06/18/2021 Call $105 was traded above $2.50, so my risk $31 vs reward $250 (700%). If go south I sell lower strike (such as $100 from May 14 to June 18) to collect at least 50% ($.16) of risk back to profit in 5 weeks
Add 1 more Call spread Buy 06/18/2021 $95/Sell 05/07/2021 $95.50 for $1.1 debit (got filled at 3:59:20 pm). ATVI After hours trade @$94.38
By the way ATVI I closed 1/2 of my position for over 150% profit, so everything I have open are free.
Since VZ is currently trading at $59 area, 05/14/2021 Call $59 is in the money and trading around +$.50, so I add 05/21/2021 $58 @$1.38 this way I could close my Sept anytime if it trade @$60 or above (I was expect it hit $60 in June or July, but the way this goes it maybe sooner than I though).
Bought/Sold separately VZ $57 & $58 collect $1.1 and $59 expired worthless. So I have 5/21/2021 $158 and 09/17/2021 $160 open for $1.43 ($1.38 + $.05)
Unusual volume - One transaction sold over 55K contracts SNAP 06/18/2021 Put $40 to collect $1.9M ($40x5.5M shares = $220M) - 24% below the current market price => Mutual Funds/Institutional holders (smart money) move?
and check out GLD that I open on 4/22 as $2.05 and just roll over collect $1.45 (the video and link below), so my cost is $.60 for potential target $183
Watch the video here
https://www.optionscycletrading.com/...april-22-2021/
I just bought SNDL OCT CALL for ZERO (cost only commission) in my IRA and ROTH IRA
BUTTERFLY $3/$3.5/$4 for even or
CONDOR $3/$3.5/$4/$4.5 for even as well
New strategy I found that work for me help increase my IRA up by +60% in the last two week.
F has been trading between $19 - $20 (the market was down last week, but my account is up because I bought back my 12/03 for $.05 put then I sold my 12/10 put and roll over to the below collect extra $.75 = 300% profit or trade on the house with credit)
Last week I sell the option expire this week then buy the option expire next week for an average collect up to $.25 credit (risk $.25 to collect $100%)
CALL Sell 12/10/2021 $20/Buy $20.50 expire 12/17/2021 (on the up day) - like today I sell call to receive extra credit
PUT Sell 12/10/2021 $19/Buy $18.50 expire 12/17/2021 (on the down day)
(If the market volatility then by back the short call/put then resell to get extra credit up to $.80 on the $.50 spread)
By the way I'm long on F as I have some Jan 2022 $16 call in @$1.04 and I sell weekly call again it to collect credit that I got my money back long time ago and currently have Dec 17 $20 call that open I collect $1.02
I also heavily short UVXY from every week to monthly by buying PUT the only ETF guarantee to lost $,$$$,$$$,$$$ the chart show in 2011 it was worth over $1B to current $17.52
I'm bullish with the market
Open new UVXY PUT today for $1.98
BUY DEC 31 $16
SELL DEC 17 $14
BUY JAN 21 $10
DIA CALL spread
Dec 31 $355/$365 for $4.26
I'm happy that I'm no longer have a single penny in TSP. Since this year my entire balance of my ROTH IRA increase more 128% compare to S fund negative more than 12%.
My trade base on UVXY is the market indicator for me. If UVXY is up then market is down (looking for PUT trade) vs if UVXY is down then market is up.
Pair trade QQQ / ARKK => if I buy call on QQQ (or TQQQ to get close to amount I use on ARKK) then buy put ARKK or vice versa. When QQQ is up it is up more than ARKK, when QQQ is down it is down less than ARKK. Get out at +100% and keep the other open for free and waiting for reverse. My last trade on ARKK was Feb 18 $77 put in on 1/20 @ $4.10 out on 1/24 @$12 almost 200% and I still have Feb 18 TQQQ call for FREE. Currently ARKK is up $3.01 (4.24%) vs TQQQ is up $3.97 (7.49%).
Thanks to NUTT on posting "Morning Market Prep" I was watching that last week and it very helpful on my QQQ put target that turn to profit couple of $K.
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