10 Minute Read

Option Report pays out nice this week!

April 29, 2015

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Monday:
BIG – Loving this right out of the gate, bought puts this morning and already up .30 cents per contract, Taking 2 contracts off just for
ISIS – nice move down finally selling 1 puts for 3.00 entered for 2.45 = 21% ROI,, looking for more follow thru to downside tomorrow

Tuesday:

RAX – Closing the trade 68% ROI , Nice Run!!
GLD –taking some off for 3.95= 50$ = 14% ROI dollar sell off is helping this position
ISIS –taking 1 contract off for 130$ profit= 54% ROI then moving stop down to trigger above 65.15,,,, Funny how I am bearish on this stock because of their name not just the bearish setup.
AXLL – HAS BEEN A GREAT TRADE, – take profit off now for 2.40 and bank 70$ per contract or tighten stop to trigger if stock goes above 44.15 to protect break even. We entered long Puts for 1.70 a week ago, we took profit on most of the position, it is now showing a Doji candle on support, and on the 200ema could reverse up tomorrow.
BBY- these puts are up also, But I am going to Diagonalize these MAY5 Puts by selling the MAY4 32 Puts against them for 28$ each contract. Nice theta hedge, and still leaving stop at 36.80 to protect profits on long
TTM –70% ROI!! Nice run, but stopped out today for 1.70 profit

Wednesday:

CRM – CONGRATS out there! selling spread for 6.35 or 64% ROI !! got news of the possible buyout/merger, take it while its there, Holding the 65/75 Bull Call spread , entered 3/30 for 3.87,,,exiting all but 1 contract to see if follow thru and is now a riskless trade, no stop required….AWESOME going team! BUY THE RUMOR, SELL THE NEWS is the strategy here.
AXLL –options up over 100% !!! , if you have not taken any off now is the time to take half off so you have a risk free position…Moving stop down to trigger above 43.00
BIG –Puts up about a dollar each (23% ROI). taking a contract off just so I can go spend the 100$ at Big lots,,,it goes a long ways there..and moving stop down to protect break even at 46.65
ISIS – gotta hate the name, but love this stock dropping,,,holding feb/9 supprt,,,so taking contract off for 3.80 or 58% ROI and moving stop down to trig above 62.40 to lock in profit.
REGN –up 35$ per contract. taken another half of position off, earnings coming, and possible swing low in place. in credit for 1.85, exit debit for 1.50. = 35$ per contract.
TESLA- kickin but on the Bull Put Credit Spread, closing on first down day and before earnings May 6
USO – rolling the MAY@ calls out for credit because do not want shares taken and even though calls are in-the-money i can get cash flow by rolling them out to MAY4 18.50 for .16 cent credit per share
UVXY – rolling the MAY1 11.50 put out to MAY 11 puts for .11 cent credit and less ITM,,
BBY – Showing nice profit, Bearish Diagonal Calendar May5/May4 39.5/32 is doing great, positive theta and slowly grinding down, and vola climbing,,perfect storm theta,vega,delta all working today

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One Reply to “Option Report pays out nice this week!”

  1. Al Chandler says:

    Thanks Gino, this is awesome!

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