Live trades from today’s SheridanTV

#1  AMZN Earnings Double Butterfly in Jul 27 Expiration

B  1  1900 C, S 2  1910 C, B 1  1920 C  .35 Debit  B 1  1720 P, S 2  1710 P, B 1  1700 P  .32 Debit

#2  FB  Bullish Butterfly  Aug 3 Expiration

B 1  175 C, S 2  180 C, B 1  185 C  .87 Debit

#3  SPX Butterfly Aug 10 Expiration (Didn’t get filled)

B 1  2810 C, S 2  2840 C,  B 1  2865 C,  9.70 Debit.

#4  Adjustment for Tuesday’s Live Calendar in SPX

B 1  Aug 20  2940 C  1.20 (Decided to just buy a cheap call versus re-positioning the Calendar like I talked about) See video below!

Live Trades from yesterday’s SheridanTV

3 Trades from Yesterday’s Show that I put on Live

# 1   TSLA  Short Term Bullish Butterfly

B 1  Jul 27  300 C, S 2  Jul 27  305 C, B 1 Jul 27  310 C,  .65 Debit. Looking for TSLA to be near the short strike of 305 by Thursday. Today TSLA is at 299.62  +2.19, moving in the right direction. The price has already moved up near .75, have order in now to sell for .95 credit.

#2  NFLX  Short Term Bullish Butterfly

B 1  Jul 27  360 C, S 2  Jul 27  365 C, B 1  Jul 27  370 C,  .72 Debit. Spread trading around .70 with NFLX down a little over $1, at 356. We need NFLX to have an up day tomorrow and  move toward 360 area.

#3  SPX  Calendar

With SPX around 2815 yesterday, we did a short term Calendar. We bought 1  Aug 20  2815 C and sold 1  Aug 3  Expiration 2815 C for Debit of 9.65. The Spread is trading a little lower today, around 9.45, with SPX around 2819. Nothing much going on with this today.

SheridanTV #7 Trades for Thursday July 19, 2018

AMZN High Octane 1 Day Iron Butterfly with AMZN near $ 1815.

B 1 Jul 20 1815 C, S 1 Jul 20 1805 C, S 1 Jul 20 1805 P, B1 Jul 20 1805 P, 8.15 Credit. Risk $185. Looking to take this trade off for a profit in the first 1-2 hours of trading tomorrow as long as AMZN is somewhere between 1785 and 1840. Will keep you posted with what I do in the AM tomorrow.

TSLA 1 Week Iron Condor with stock near $320

Jul 27 Expiration. 335-340 call spread and 305-310 Put spread. 2.29 Credit and I didn’t get filled . If I try this again tomorrow, will let you know.

SPX 15 Day Butterfly

Aug 3 Expiration. B 1 2780 C, S 2 2810 C, B 1 2835 C, 9.70 Debit. Not filled yet, if I get on tomorrow will let you know.

*** TRADE UPDATE AS OF 9:50am 7/20/2018***

Yesterday we did an 1 Day Iron Butterfly with the short strike of 1815 for an 8.10 Credit. Today, with AMZN  at 1831  +18, the spread is trading at 8.40-8.70 area and I took it off for 8.40, a small loss.