December Options Expiration – the plan

Time for Options expiration again – for the month of December – so I have built my plan. Here are positions with December Options (monthly) that I will need to tend to (some have  Option pieces from other expiration’s but I only note the relevant December monthly piece(s):

$LGF I am long stock and short the December 33 Puts. I will adjust the short Puts to January expiration

$WDAY I am short the December 80/65 Strangle. I would like to see this expire, keep all premium collected. $2.10 in cushion to work with

$CBRL I am short the December 120/105 Strangle. The short 105 Puts will need to be monitored

$KKD I am short the December 25/23 Strangle. I will adjust the short 23 Puts to January (at least)

$ULTA I am long stock (1/4 size) and short the December 95/92.5 Strangle (1/4 size each). I will adjust the Strangle to January

$VRA I am short the December 22.5 Straddle. I am looking for a Pin at $22.50 but will likely have to buy one side back on Friday

$LULU I am long the December 62 Calls, short the 58 Puts (a Risk Reversal)

$RH I am long stock (1/4 size) and short the December 65 Straddle (1/4 size each)

$AMBA I am long stock at $13.45 and own the December 22/22/17 Collar PS. I will adjust this to January

$CADX I am short stock at 9.70 and own a Jan/Dec 8/9 Bear Collar. This means I will need to get value out of the long December 9 Calls (adjust to January most likely)

$CCL I am long stock at $33 and own the December 36/35/32 Collar PS. I may exit this trade, undecided

$CONN I am short stock at $77.50 (1/2 size) and short the December 75 Straddle (1/2 size each). I will likely adjust to January (take in more premium)

$CRZO I am short the December 42.5/37.5 Strangle. I want this to expire, keep all premium collected

$DAL I am long stock at $20.8 and own the December 26/28/26 Collar PS. I will adjust to January

$RMTI I am long stock at $10.25 and own the December 14 Collar. I will adjust to January

$RRGB I am long stock at $62.5 and own the December 80 Collar. I will exit this position on Friday

$TRIP I am long stock at $72 and own the December 85/85/75 Collar PS. I will adjust to January

$TSO I am long stock at $50 and short the December 60 Calls. I expect the Calls to expire Friday, keep premium collected

$EWW I am long the ETF at $65 and short the December 65/62 Strangle. I will adjust to January (take in more premium)

$XONE I am short the December 60/50 Strangle. I will adjust to January (take in more premium)

$DVA I am long stock at $54 and own the December 57.5 Collar. I will adjust to January

$SLCA I am long stock at $32 and short the December 35/35/30 Straddle PS (I own double $30 Puts however). I will adjust to January

$ADT I am short the December 40 Straddle (1/4 size each). Undecided if I want to adjust to January or not

$CPB I am long stock (1/2 size) and short the December 41 Calls. I will adjust to January

$EBAY I am long stock $49 (1/2 size) and short the December 52.5 Calls. I will adjust to January

$GME I am short the December 44 Puts (likely go poof)

$GTLS I am long stock at $87.2 and short the December 90 Calls, long the 100/85 Put Spread. I will exit this trade on Friday (or sooner)

$HTZ I am long stock at $23 and short the December 23 Calls, long the 23/22 PS. I will exit this trade on Friday (or sooner)

$AMP I am long stock at $92.5 and short the December 105 Calls. I will exit this Fab 5 position this week ($100 Roll complete already)

$CB I am long stock at $90.4 and short the December 95 Calls. I will exit this position this week as it has been on for 7 weeks

$JAZZ I own the December 100/95 PS (left over from Fab 5 trade). Looks to expire worthless but you never know

$UPS I am long stock at $93.50 and short the December 100 Calls. I will exit this Fab 5 position this week ($100 Roll complete already)

$ZMH I own the Jan/Dec 90 Call Calendar. I will adjust the December piece to January

 

7 thoughts on “December Options Expiration – the plan

  1. I think on $ADT I will just ride this short Straddle into Friday. If I get Put stock, that is ok as long as it stays above the $38 level (I have $2.39 in premium collected).

  2. I have changed my mind on $HTZ. I have BtC Dec 23 Calls & StO Jan 25/24 Strangle for a $.10 debit on 12/16. I left the long December 23/22 PS for the rest of the week.

  3. Given I have had a position in $RMTI since mid-September I am going to close the trade on Friday (Puts from Collar are ITM already but I want the Call value to go to zero first).

  4. I may let the $XONE stock get Put to me if it falls near $50 again (did this once before in October).

  5. correction on $LULU: the short 58 Puts are for the December 27 Weekly expiration. I have StC the December 62 Calls today. Options Net is now +$.75

  6. Pingback: Options Expiration - the Friday countdown | 1nvestor1nvestor

Leave a Reply

Your email address will not be published.