Friday 10:00 Update 

Saturday Call registration – We are switching to ZOOM instead of gotowebinar 

2019-05-18 Saturday Call Registration 

Saturday Call Recording 05.11.19

Markets are under pressure, they could break but this is the same as the last 3 days. We will monitor

Here is the roll for NVDA

NVDA Roll
Buy to close 2 May 17th 172.5 Calls
Buy to close 2 May 17th 143 Puts
Sell to open 2 May 24th 172.5 Calls
Sell to open 2 May 24th 143 Puts
Total for the trade a credit of .81

We normally don’t close deep in the money spreads, however some of you get ripped by some brokers with their fees. Below I have given orders to close them out if you choose.

FB – Closing Call Spread
Buy to close 2 May 17th 172.5 Calls
Sell to close 2 May 17th 175 Puts
Total for the trade a Debit of 2.50 – Depending on your fees and commissions you can pay up to 2.52 if needed. You would be paying an additional 2.00 per contract x 2 or 4.00 plus commissions but no exercise and assignment costs

NUGT – Closing Put Spread
Sell to close 4 May 17th 16 Puts
Buy to close 4 May 17th 18 Puts
Total for the trade a debit of 2.00 – Depending on your fees and commissions you can pay up to 2.02 if needed. You would be paying an additional 2.00 per contract x 4 or 8.00 plus commissions but no exercise and assignment costs


Markets are under pressure this morning and could accelerate to the downside. We will be watching closely. We rolled most things yesterday and have very little to do today unless there is a MAJOR move. Which can happen

The only trade that need attention today, NVDA which we will roll soon after the open. 

Based on the action right now at 4:00 am some of the long puts we own could come into play. We will update after the open 


OPEN POSITIONS –

BIDU
Long 2 May 17th155 Calls
Short 1 May 17th 152.5 Calls

This is just a loser 
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BABA
Long 2 June 21st 185 Calls
Long 2 June 21st 155 Puts
Short 2 May 24th 182.5 Calls
Short 2 May 24th 157.5 Puts

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NVDA
Long 2 June 21st 175 Calls
Long 2 June 21st 140 Puts
Short 2 May 17th 172.5 Calls
Short 2 May 17th 143 Puts

We will roll this later 
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Long 4 SPY May 17th 283 Puts

For a mistake trade it was a big winner, we can do no worse than breakeven. This Put will expire unless there is a big sell off which is possible 
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QQQ
Long 5 June 21st 194 Calls
Long 5 June 21st 184 Puts
Short 5 May 24th 192 Calls
Short 5 May 24th 186 Puts
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IWM
Long 5 June 21st 165 Calls
Long 5 June 21st 155 Puts
Short 5 May 24th 163 Calls
Short 5 May 24th 157 Puts

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XBI
Long 5 June 21st 90 Calls
Long 5 June 21st 82 Puts
Short 5 May 17th 89 Calls
Short 5 May 24th 83 Puts

The calls will expire worthless

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SPY
Long 5 June 21st 298 Calls
Long 5 June 21st 284 Puts
Short 5 May 17th 286 Puts
Short 5 May 17th 296 Calls

The calls will expire worthless
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NUGT
Long 5 June 21st 19Calls
Long 5 June 21st 14 Puts
Short 5 May 24th 18 Calls
Short 5 May 24th 15 Puts
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GLD
Long 5 June 21st 124 Calls
Long 5 June 21st 119 Puts
Short 5 May 24th 123 Calls
Short 5 May 24th 120 Puts
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DIA –
Long 5 June 21st 270 Calls
Long 5 June 21st 260 Puts
Short 5 May 24th 267.5 Calls
Short 5 May 24th 262 Puts

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QQQ –
Long 5 May 17th 189 Calls
Long 5 May 17th 178 Puts

More than likely these options will expire worthless, this was a great trade. I see no chance for the long calls and a remote chance for the puts to come into play today. 
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SPY-
Long 5 May 17th 293 Calls

These calls will expire worthless 
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IWM-
Long 5 May 17th 162 Calls
Long 5 May 17th 151 Puts

More than likely these options will expire worthless, this was a great trade. I see no chance for the long calls and a remote chance for the puts to come into play today. 

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FB
Long 2 May 17th 175 Calls
Long 2 May 17th 155 Puts
Short 2 May 17th 172.5 Calls 

The call spread will exercise and assign off, the Puts will expire worthless 
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AAPL
Long 2 May 17th 200 Calls
Long 2 May 17th 180 Puts

These options will expire worthless 

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XBI
Long 4 May 17th 94 Calls
Long 4 May 17th 80 Puts

  The Puts could come into play, unlikely but you never know 
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NUGT
Long 4 May 17th 24 Calls
Long 4 May 17th 16 Puts
Short 4 May 17th 18 Puts 

This will expire exercise and assign off 
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GLD
Long 4 May 17th 127 Calls
Long 4 May 17th 119 Puts

The only hope here is a big sell off in Gold 

 

 

 

 

 

 

 

 

 

 

 

This trade was texted on Friday by mistake, if you have it on we will cover it throughout the week. If not no trade 

Long 4 SPY May 17th 288 Put