Focusing on my COIN short... No need to trade anything else at the moment. This is consuming all of my energy/attention
Trade Free or Die
Using options to trade single stock volatility in narrow time frames.. and if you aren't spreading volatility, you're doing it wrong
Monday, March 27, 2023
Monday 27 March 2023 Morning Notes
Friday, March 24, 2023
Friday 24 March 2023 Morning Notes
No trades of note yesterday, aside from a small otm wkly 61/60 put spread in COIN that I had bot for 22 cents. I thought for sure it would close under 60 by Friday opex. Still plenty of time left. I also bought a few far otm puts for a penny, on the unlikely chance of a SIVB/FRC-like follow through floor drop.
I closed out essentially the last of my CS trades, I had a June 1.4/0.9 1x2 put spread that I had put on for a 0.04 credit, that I flipped for a 25 cent total credit. Far from a "nips to blips RV trade" as Harley Bassman might say, but a solid flip for an 8day hold.
Yesterday AMC:
Today BMO:
Other News:
Follow through names to watch: GME,
GAINERS:
LOSERS:
Follow through watch:
Day before Y'day AMC: CHWY
Yesterday BMO: ACN
Y'day Other News: SQ: -17% at 60 on Hindenburg report; COIN: -15% at 65 on SEC/Wells Notice;
2 days ago AMC: GME, NKE
2 days ago BMO:
2 days ago Other News: AG drops on report of mine closure;
I closed out essentially the last of my CS trades, I had a June 1.4/0.9 1x2 put spread that I had put on for a 0.04 credit, that I flipped for a 25 cent total credit. Far from a "nips to blips RV trade" as Harley Bassman might say, but a solid flip for an 8day hold.
Yesterday AMC:
Today BMO:
Other News:
Follow through names to watch: GME,
GAINERS:
LOSERS:
Follow through watch:
Day before Y'day AMC: CHWY
Yesterday BMO: ACN
Y'day Other News: SQ: -17% at 60 on Hindenburg report; COIN: -15% at 65 on SEC/Wells Notice;
2 days ago AMC: GME, NKE
2 days ago BMO:
2 days ago Other News: AG drops on report of mine closure;
Thursday, March 23, 2023
Thursday 23 March 2023 Morning Notes
I put on two trades yesterday, a GME 15-10-5 1x1x1 "skip-strike" put ratio, buying the 15s, selling the 10s and selling the 5s for about $1.60. Max gain is $3.40 and max loss is limited to debit paid. I like this trade as I can't see GME standing much of a chance in the "high" interest rate environment
I also tweeted about a "generational (put) buying opportunity" in COIN, stating that I thought a June put condor made the most sense.. mostly due to trying to off-set the implied vols... fast forward a couple hours later, and COIN gets crushed 20% on a SEC Wells Notice. I wish I put this trade on in more size, and wish it weren't a spread.. but I suppose at least I have something. on.
Yesterday AMC: CHWY
Today BMO: ACN
Other News:
Follow through names to watch: GME,
GAINERS:
LOSERS:
SQ: -17% at 60 on Hindenburg report;
COIN: -15% at 65 on SEC/Wells Notice;
Follow through watch:
Day before Y'day AMC: GME, NKE
Yesterday BMO:
Y'day Other News:
2 days ago AMC:
2 days ago BMO: CSIQ, TME
2 days ago Other News: AG drops on report of mine closure;
I also tweeted about a "generational (put) buying opportunity" in COIN, stating that I thought a June put condor made the most sense.. mostly due to trying to off-set the implied vols... fast forward a couple hours later, and COIN gets crushed 20% on a SEC Wells Notice. I wish I put this trade on in more size, and wish it weren't a spread.. but I suppose at least I have something. on.
Yesterday AMC: CHWY
Today BMO: ACN
Other News:
Follow through names to watch: GME,
GAINERS:
LOSERS:
SQ: -17% at 60 on Hindenburg report;
COIN: -15% at 65 on SEC/Wells Notice;
Follow through watch:
Day before Y'day AMC: GME, NKE
Yesterday BMO:
Y'day Other News:
2 days ago AMC:
2 days ago BMO: CSIQ, TME
2 days ago Other News: AG drops on report of mine closure;
Wednesday, March 22, 2023
Wednesday 22 March 2023 Morning Notes
Bot back my UBS short calls for a profit yesterday, though could have closed them for more the day prior. I wasn't expecting the stock to rally, especially following a downgrade by Moody's and soaring premiums to insure UBS bonds.
Yesterday AMC: GME, NKE
Today BMO:
Other News:
Follow through names to watch: AG, CS, FRC, USB
GAINERS:
LOSERS:
Follow through watch:
Day before Y'day AMC:
Yesterday BMO: CSIQ, TME
Y'day Other News: AG drops on report of mine closure;
2 days ago AMC:
2 days ago BMO: FL, PDD
2 days ago Other News: UBS agrees to buy CS for $3b, which is a 60% discount to where CS closed on Friday;
Yesterday AMC: GME, NKE
Today BMO:
Other News:
Follow through names to watch: AG, CS, FRC, USB
GAINERS:
LOSERS:
Follow through watch:
Day before Y'day AMC:
Yesterday BMO: CSIQ, TME
Y'day Other News: AG drops on report of mine closure;
2 days ago AMC:
2 days ago BMO: FL, PDD
2 days ago Other News: UBS agrees to buy CS for $3b, which is a 60% discount to where CS closed on Friday;
Tuesday, March 21, 2023
Tuesday 31 March 2023 Morning Notes
Sold a bunch of otm Apr calls in UBS yesterday due to a vol rip that sent the calls soaring in price. The 22.50's were trading for more than they were at the end of February when the stock was 10% higher. Stupid nonsense.
Yesterday AMC:
Today BMO: CSIQ, TME
Other News:
Follow through names to watch: CS, FRC, FL, UBS
GAINERS:
LOSERS:
Follow through watch:
Day before Y'day AMC:
Yesterday BMO: FL, PDD
Y'day Other News: UBS agrees to buy CS for $3b, which is a 60% discount to where CS closed on Friday;
2 days ago AMC: FDX, MARA
2 days ago BMO:
2
days ago Other News: SRPT: -20% at 120 on FDA news;
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