September Options expiration – the plan

That time again (already!) for Options expiration week. Here are my existing positions that include September options that will need to be addressed this week:

$BDBD I am long stock with short 17.5 Calls. I will move out to the October chain, same strike

$CSCO I am long stock and short the 24 Straddle. I will likely sell the same for October and use some of the proceeds to buy back whichever September piece is winning on Friday (likely Calls)

$EXPE I am short the 55 Puts (earnings). I will adjust to October, likely the 50 strike

$TSN I am long stock and short the 30 Calls. These are currently ITM so will monitor this week. If need be, will adjust to October chain

$TXRH I am long stock and short the 25 Calls. These are currently ITM so will monitor this week. If need be, will adjust to October chain

$EL I am short the 60 Puts which should go poof Friday, keep premium collected

$VXX I am short the 12 Puts (client trade) that will go poof on Friday most likely.
$VXX I am short the 15/14.5 Strangle as the Weekend trade

$MSFT I have a Risk Reversal Call Spread trade on that includes the 31 Puts. I will let these go poof Friday. The Call Spread pieces are for October

$DAL I am long stock with short 22 Calls. I will adjust to the October chain

$HAIN I am short the 80/85 Strangle and long the 75 Puts. I will sell the same strangle for October and buy back the winning September piece by Friday. Likely the 75 Puts go poof. This trade has a $7.45 cushion right now

$NSM I am long stock with a Collar that has the PS pieces in September. Will need to be moved to the October chain

$POT I am short the 28 Puts which should go poof on Friday, keep premium collected

$RYL I am long stock and short the 33/37 Strangle. Will monitor for now but plan would be sell a new strangle for October by Friday and let the September pieces go poof

$SHLD I have a Risk Reversal trade on that includes the short September 52.5 Puts (I expect these to go poof on Friday)

$TRIP I am long stock and short the 67.5/70 Strangle. I will need to adjust to the October chain as the Calls are currently ITM

$Z I am long stock with several option pieces. The relevant piece is short the 80 Puts (will go poof Friday most likely)

$AIG I am long stock and short the 49 Calls. I will need to adjust to the October chain by Friday as there are ITM

$EWW I am long stock and short the 65 Straddle. I will resell by Friday for the October chain. There is a $8.9 cushion right now

$SOHU I am long stock and short the 65 Straddle. I will resell by Friday for the October chain. There is a 10.47 cushion right now

$XONE I am short the 65/60 Put Spread. This is ITM so will need to adjust to October by Friday

$DVA I am long stock with the 60/57.5/52.5 Collar. This will need to be adjusted to October chain by Friday

$NUS I am long stock with a October Collar. There is a left over 70/65 Put Spread that should go poof by Friday

$SYY I am long stock and short the 33 Calls. Will monitor for now

$VRX I have on a Risk Reversal trade for this Fab 5 member. I will exit the Call Spread pieces by Friday as they are ITM (this position has Complete status for the $100 Roll already)

One thought on “September Options expiration – the plan

  1. Left out existing Earnings trades with September options: $MNST I am short the 52.5 Puts. $GES I am short the 29/33 Strangle. $GWRE I am long the 45 Puts (protects S Oct 45 Puts). $ARO I am long the 8 Puts (part of Put Cal with October 9 Puts)

Leave a Reply

Your email address will not be published.