Monthly Options expiration for July

Seems like I do this every 4 days lol

Here is what I have in existing positions that include July monthly Options as part of the trade:

$CRM  I own a 75/82.5/67.5 RRCS. Options Net: -$1.50 and booked stock gain of $9.45. Should go poof

$FLTX  I own a 45/50/55 Call Fly. Options Net: $1.32 and booked stock gain of $.50. Want to get some value from the long $45 Calls

$IACI  I own a 75/80/85/70 Risk Reversal Call Fly (L 75/80/85 CF, S $70 Puts). Options Net: $.53 and booked stock gain of $.45. Sweet spot here with price near $80

$RENT  I am long stock at $57.82 with a 70/65 Collar. Options Net: $1.18. Will likely adjust to an August Collar

$PCP  I am short stock at $207 with a Sep/July 250/200 Risk Reversal (the Puts are the short July $200). Options Net: $.25. The short Puts will assign, short stock get called +$7

$QRVO  I am long stock at $76 with a 85/85/75 Collar Put Ratio. Options Net: $2.03. The long $85 Puts are well ITM so I am not sure if I will adjust or let the position unwind

$XLF  I am long the $25 Calls. Options Net: $.12. Likely goes poof

$CYBR  I am long stock at $40 with $75 Puts. I will let this position unwind for +$33.20

$ESPR  I am long at $76.44 with a 85/75 Put Spread. I will adjust this to August (have short $90 Calls there as other part of the Collar Put Spread)

$JCI  I am long the $50 Calls. Likely goes poof

$MAR  I am long at $59.50 and long a 80/70 Put Spread. I will adjust the PS to a future expiry

$BWA  I am long a 57.5/60 Call Spread. Options Net: $1.74. This CS should go poof.

$HSY  I am short the $90 Puts. Options Net: $.57 and stock gain: $.17. Looking for these short Puts to go poof

$RH  I am long at $90.04 with a 100/100/95 Collar Put Spread. I will adjust to a future expiry

$TSCO  I own a 95/90 Risk Reversal. I am short stock at $90 (hedge). I will exit this Fab 5 position. Options Net: $.22

$DATA  I am long at $97 with a July 120/110 Put Ratio. I will adjust the PR to August

$ROST  I own a 50/52.5/48.75 RRCS. I will exit this Earnings trade

$SONC  I am short the 35/30 Strangle. I am short stock at $29 (hedge). Options Net: $1.04 and booked stock gain: $1.63. I will exit this Earnings trade

$LEN  I am long the 50/52.5/55 Call Fly and short the $47 Puts.  I will exit this Earnings trade

$STZ  I am short the $120 Calls (2x), long the $125 Calls, and short the $115 Puts. Options Net: $2.18 and booked stock gain: $2.20.  I will exit this Earnings trade, remaining Options should go poof

$PAYX  I am long at $44.66 with a 48/47/45 CPS.  I will exit this Earnings trade

$PEP  I am short the $97.5 Calls (2x), long the $100 Calls, and short the $94 Puts. Options Net: $1.88  I will exit this Earnings trade, remaining Options should go poof

$PSMT  I am short the 95/90 Strangle and long stock at $95 (hedge). I want this to go poof. Options Net: $3.22

 

 

– DM 11:00 AM CST

 

Current Buy or Sell Short Stops

Buy Stop:

Puma Bio $PBYI  set at $150 (a very early hedge on short Sep $225 Calls, Submarine Basket)

Autodesk $ADSK  set at $56 (Earnings)

Ulta Salons $ULTA  set at $157 (a very early hedge on short June $165 Calls, 2x size, Earnings)

Sell Short Stop:

Hershey $HSY  set at $90.50 (would be a hedge for short June $90 Puts, Submarine Basket)

Ross Stores $ROST  set at $95.5 (would be a hedge for short June $95 Puts, Earnings)

 

 

– DM 9:40 AM CST

 

 

Position Updates

Due to an increasing amount of questions and comments regarding my positions & trading I recently created a new tab on the Blog for recording my Positions. The goal is to update the info on each account or basket daily for any changes that occur.

Newly added this week that survive to the weekend:

$RENT $WM $XLF $PFE $GMCR $YUM $ZBRA $CTRP

Exits:

$MNST $QLYS $RMD $RL $PTBI Earnings: $CNC $TMO $ORLY $EW $BWLD $NXPI $HAR $EL $RGR $MCK $KSS $LOCO $KING

Here is the Summary:

Positions_05162015

– DM 10:00 AM CST

 

Fab 5 update

I filled 2 of the empty seats this week with: $MA $PNC. I have also given an exception to the Stage 1 Time Rule for $ENDP since it has May monthly options which expire next week.

Here is the Summary:

05092015

– DM 9:25 AM CST

 

The Fab 5 update

The Fab 5 bench was almost fully cleared this week as only the $ENDP survived (but won’t next week due to the Stage 1 Time Rule). And …. the candidate list has realllyyyy been thin as of late.

Here is the Summary:

05022015

Fab 5 candidates: $HYG $MA $DE $LB (recent member) $SKX $YUM $PNC (recent member)

– DM 7:10 AM CST

Position Updates

Reminder:  The information provided in this post is for my personal Swing, Long-term, IRA accounts.

Newly added that survive to the weekend: $AKRX $CRM $CAT $HSY

Exits:  $JACK $GPRO $LNKD $VLTC $MDCA $LB $WYN $RCL

50/50 Basket: $NVGN

Earnings: $CNC $TWTR $CE $VMW $TMO $ORLY $EW & New: $BWLD $ULTI $BIDU $NXPI $HAR

Here is the Summary:

Positions_05022015

– DM 6:45 AM CST

 

The Fab 5 ($100 Roll) Time Rule

I have had a Time Rule for the Fab 5 for several years. Here was the original rule:

The $100 Roll must complete within 30 trading days from trade initiation

I updated the rule this year to have 2 “stages” that each trade must complete. The Time Rule is now:

Time Rule (2 stages):

Stage 1: price must improve 3% in the initial 15 Trading days.

Stage 2: 30 Trading days to complete the $100 Roll (if it makes it past Stage 1)

– DM 10:00 AM CST

 

The Fab 5 update

Material changes this week:

I BtC the May $95 Calls in $LB (left over from initial position). I then set a Buy Stop at $90 (which hit on 4/20) so this is a 2nd trip Long on Limited Brands. The 3 positions survive to the weekend: $ENDP $LB $WYN

Here is the Summary:

04252015

Fab 5 candidates:

  • $DTV
  • $CAH (recent member)
  • $JBHT
  • $TSCO
  • $MA
  • $CLVS

– DM 10:50 AM CST