Options Expiration – April 24 weekly

Intuitive Surgical $ISRG  I own the 540/530/505 Bear Risk Reversal PS (this was a Collar PS to protect Long stock which hit a Stop on 4/22)

Qualcomm $QCOM  I am Short the 72/66 Strangle

Skyworks Solutions $SWKS  own the 95/88 1×2 Put Ratio (protects Long stock)

Western Digital $WDC  I am Long stock at $92 with a 97/96/93 Collar PS

iShares Brazil $EWZ  I am Long the ETF at $32.15 with Short $34 Calls (covered calls)

Express Scripts $ESRX  I am Long at $85 with Short $88.5 Calls (covered calls)

American Express $AXP  own the 77/75 1×2 Put Ratio

Caterpillar $CAT  I am Long a 82/79 PS (left over part of a Collar PS)

Monsanto $MON  I am Long at $113.4 with Short $117 Calls (covered calls)

Boeing $BA  I am short the 157.5/149 Strangle (left over from Earnings trade)

International Business $IBM  I am Long stock at $168 (hedge) with a 165/170 1×2 Call Ratio (Earnings)

Ebay $EBAY  I am Long the $56.5 Calls and Short stock at $59.5 (hedge)

Facebook $FB  I am Short the 88/80 Strangle (left over from Earnings trade)

 

– DM 6:00 PM CST

 

Position Updates – full report

I did a brief Position Updates post on Friday. This is the normal weekend post I do each week.

Exits this week:

  • Swing Account:  $CTXS $WDAY
  • Submarine Basket:  $RENT $TIF
  • Fab 5:  $EFX $MHFI
  • Earnings:  $GOOGL $COO $RHT $KMX $FAST $JBHT $NFLX $ADS

Submarine Basket:

04182015

Here is the Summary for the Swing, LT, IRA accounts:

Positions_04182015

– DM 11:15 AM CST

 

Position Updates

This is a list of the positions that look to survive to the weekend:

Earnings:  $CNC $TWTR $CE (new)

Swing Acct:  $FLTX $ISRG $QCOM $SWKS $UNP $WDC $Z (new)

Long-Term Acct:  $AVGO $EA $IWC $QLYS $RMD $WBA

IRA Acct:  $CYBR $EWZ $ESRX $JCI (new) $MAR

Submarine Basket:  $AXP (new) $BWA $CAT $EXPE $MON $PNRA $RL $SNDK $WYNN

Fab 5:  $ENDP $LB $WYN (so 2 empty seats to fill)

50/50 Basket:  no positions

 

– DM 1:00 PM CST

 

Position Updates

We have a new Earnings season beginning so I will slowly ramp up my focus there as we get into the heart of it. I did open some new regular trades that look to survive to the weekend:

Citrix $CTXS  I am Long stock at $60.72

Intuitive Surgical $ISRG  I own the April 520/530/495 RRCS

Western Digital $WDC  I am Long stock at $92 with an April 24w 97/96/93 Collar PS

Express Scripts $ESRX  I am Long stock at $85 and Short the April 24w $88.5 Calls (covered calls)

Polo Ralph Lauren $RL  I am Long stock at $134 with a May 145/135/130 Collar PS

Caterpillar $CAT  I am Long stock at $80.45

Wynn Resorts $WYNN  I own an April 24w 133/137/130 RRCS

Submarine Basket:

$BWA $CAT $EXPE $MON $PNRA $RENT $RL $SNDK $TIF $WYNN

50/50 Basket:

$NVGN $VLTC

Earnings Trades:

$GOOGL $CNC $TWTR $COO $RHT $SIG $KMX

Here is the Summary:

Positions_04112015

– DM 10:30 AM CST

 

Trading Activity

Here is what I’ve been up to this week

Newly added:

Express Scripts $ESRX  I am long stock at $85 in the IRA with Short April 10w $88 Calls (covered calls)

Polo Ralph Lauren $RL  I am long stock at $134 with a May 145/135/130 Collar PS

Wynn Resorts $WYNN  I closed the April 10w 134/131 Risk Reversal but kept this on the list for a new trade: opened an April 24w 133/137/130 Risk Reversal Call Spread (Submarine Basket)

Exits:

Constellation Brands $STZ  This was an Earnings trade

Restoration Hardware $RH  I closed the Call Fly from Earnings

Cardinal Health $CAH  I closed this Fab 5 position

PNC Financial $PNC  I closed this Fab 5 position

 

– DM 3:15 PM CST

 

Position Updates

My primary focus this week was in tending to existing positions that had March Options as part of the trade (Monthly OpEx this week). No new positions in the Swing, Long-term, or IRA accounts. No new positions in the Submarine Basket or 50/50 Basket.

Several Earnings trades were closed, I am left with: $NFLX $GOOGL $CNC $TWTR $COO

Submarine Basket:  $AXP $BBBY $BWA $EXPE $PNRA $RENT $WYNN $KR (not an official position since 8/18/2014 but trade is still on, still trending)

Here is the Summary:

Positions_03212015

– DM 8:35 AM CST

 

Trading Activity

Fleetmatics $FLTX  The Stop hit on the Long stock piece at $43.80 so just the Diagonal Call Calendar CS remains

Skyworks Solutions $SWKS  I adjusted the Diagonal Collar further out to a Diagonal Collar Put Ratio for a .11 debit

Ulta Salons $ULTA  I lowered the Buy Stop from $153 to $151.50 (would be a hedge for the S Mar 150/130 Strangle)

Netflix $NFLX  I set a Stop on the Short stock piece at $440 (hedge for the Put Ratio)

Wynn Resorts $WYNN  I lowered the Stop on the short stock piece from $130 to $126.40 (hod on 3/16)

 

– DM 9:55 AM CST

 

Trading Activity

Facebook $FB  A Stop hit on the Long March 13w $79 Calls so I BtC the $80 Calls. Position now closed. Options Net final: $2.02

Fleetmatics $FLTX  I am Long stock at $43.30 & I added an Options piece later in the day: Long the Apr/Mar $45 Call Calendar with Short April $50 Calls. Options Net: -$.19

Workday $WDAY  I set a Stop on the Short Stock piece at $84

Lumber Liquidators $LL  I BtC the March 45/50 CS. Options Net final: $1.59 & stock gains of $2.78

Netflix $NFLX  I was assigned on the Short Calls so stock called away for +$105. I am left with an April 02w Split Put Ratio. Options Net currently: $6.77 & total stock gains of: $116

AutoZone $AZO  I have BtC the March 690/620 Strangle (Earnings). Position closed. Options Net final: $21.48

Bitauto $BITA  I traded stock post-Earnings. Gain final: $4.35 (I have set a Buy Stop at 55.40 however so there may be a new trade here)

 

– DM 12:05 PM CST

 

Trading Activity

Cardinal Health $CAH  I have sold the long stock for +$2.61 and used some of the proceeds to BtO the Apr/Mar $90 Call Calendar. Options Net is: -$.85 (Fab 5)

AutoZone $AZO  I have StC the March $650 Calls for $24.40 avg. I set a Buy Stop at $666 (would be a hedge). Options Net is now: $24.32 (Earnings)

MercadoLibre $MELI  I have BtO the Mar 140/125 Strangle for a 2.25 debit (frees up some margin, defines Risk at $5 either way max). Options Net shrinks a bit to: $10.40 (Earnings)

 

– DM 10:00 AM CST