July 31 weekly Options expiration

I have 7 existing positions that include Options expiring today. Here’s the plan:

Caterpillar $CAT  I am long the 85/82.5 Put Ratio. I am short stock at $82.5 (hedge). I will let this trade auto-unwind for +2.50 (thus closing this Submarine Basket position). The Options Net final will be: $4.91

priceline.com $PCLN  I own the July 31w/Sep 1160/1230 Diagonal Call Calendar with short weekly $1140 Puts. I will take stock at $1160 with short September $1230 Calls (covered calls). The short weekly $1140 Puts will go poof. Options Net remains: $8.70 and booked stock gain remains: $4.22

Skyworks Solutions $SWKS  I am short the 110/115 Call Spread – which I will let expire. Options Net final: $10.51 and booked stock gain: $2.27

Financial Select Sector SPDR $XLF  I am long the ETF at $25.30 with short weekly $25.5 Calls (covered calls). Current Options Net: $.59. I will adjust to a future expiry

Earnings:

Baidu $BIDU  I am long the 200/210/220 Call Fly and short the $180 Puts. I will adjust the short Puts to a future expiry. The long Call Fly goes poof. Current Options Net: $.69 and booked stock gain: $11.33 (from the hedge)

United Parcel $UPS  I am long the 95/98/100 Call Fly and short the $93 Puts. I will: take stock at $95, adjust the middle of the Call Fly to a future expiry, StC the long weekly $100 Calls. Current Options Net: $.68 and booked stock gain: $1.47 (from the hedge)

LinkedIn $LNKD I am long the 230/240/250 Call Fly and short the $190 Puts. I think this whole trade goes poof today. Options Net: $.79 and booked stock gain: $36.225 (from tag along short in after hours 7/30)

 

– DM 9:00 AM CST

 

May 22 weekly OpEx

I have several existing trades with May 22 weekly options as part of the trade. Here is the plan:

$CRM  I own the July 75/82.5/67.5 RRCS. I am long May 22w $67.5 Puts (these will go poof). Options Net: -$1.50 and booked stock gains of $9.45

$WDC  I am long stock at $92 with a 99/98/92 Collar Put Ratio. I will let the long $98 Puts exercise and unwind the stock for +6.00. Final tally: Options Net: $2.12 and a stock gain of $6.00

$Z  I am long stock at $82.96 with a $97 Collar. I will let the long $97 Puts exercise and unwind the stock for +14.04. Final tally: Options Net: -$.78 and a stock gain of $14.04

$XLF  I own the July/May 22w $25 Call Calendar. I will adjust the short Calls to June 05w $25 Calls & take in a bit more premium. Options Net: -$.31

$AXP  I own the 78.5/80/76 RRCS. I will take stock at $78 & adjust the short $80 Calls to a future expiry on 5/22. The short $76 Puts will go poof. Options Net: $.57

$CAT  I am long stock at $85 with a 88/87/84 Collar Put Spread. I will adjust the CPS to a future expiry. Options Net: $.18

$CTRP  I am long the May 29w $65 Straddle & short the May 22w $65 Puts (these should go poof today). I am also short the September $80 Calls. Options Net: -$.64

$HD  I am short the 116/118 CS & $109 Puts. All these pieces should go poof. Options Net final: $2.03 & stock gain: $.93

$NTAP  I am short the 32/31 Strangle & long stock at $31.50. My current plan is to short a Strangle in a future expiry & take in more premium. Options Net: $.73

Positions for clients left to tend to:  $XLV $GILD $V $WFC

 

– DM 8:35 AM CST