May 7th, 2017
Good Afternoon!

Another week of essentially time burn. We went went up about 10 pts. or so on the SPY for the week. The weekly is now charged up to almost 50. We are gettng close to the next move which should lead into June and to the next FED meeting. We will see if they raise rates at that meeting.

All of our trades are looking good and we are very close to exiting a number of them for pennies.

This week, we need to get defense on our new OCLR trade. We also are going to get some shares of OIL. It is rare that we buy shares, but it is at a great level and I want to sell calls on it as it goes on its next run up. We also need to do an unsual rollout on FIT.

Have a great week!

p.s. I am always looking for feedback on this newsletter and how we can make it better, so please feel free to send it to me at support@tenyeartrading.com.
This Week's Video

In today's video, we discuss the weekly chart on the S&P, pick of some shares of OIL, get defense on OCLR, and roll out FIT trade.

Click below to see the 2016 Year in Review!

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Current Positions
MAY 2017

Naked Puts

OCLR: We sold the Oct '17 $6 put with 2 contracts for a credit of $.55. OCLE ended the week at $8.40. We now need to get defense on.

NR Defense: We bought the June '17 $5 put for $.12 as defense fo our NR Sept '17 $7.50 put using the 15% rule.


April 2017

Naked Puts

NR: We sold the Sept '17 $7.50 put for $.85. NR ended the week at $7.70 and we now have defense on.

RUN: We sold the Nov '17 $5 put for $.75. We now need to get defense on. RUN ended the week at $4.90.

RUN Defense: We bought the Aug '17 $2.5 put for $.12 as defense for our Nov '17 $5 put.

OCLR: We sold the the Oct '17 $7 put for $.70. We now need to get defense on. OCLR ended the week at $8.40.


Spread Trades

SPY: We sold the Sept '17 $218/213 put spread for $.85 with 2 contracts. SPY ended the week at $239.93.

OCLR Defense: We bought the July '17 $5/2 put spread for $.10 as defense for our Oct '17 $7 put.

FNSR Defense: We bought the June '17 $21/19 put spread for $.20 as defense for our Sept '17 $23 put. FNSR ended the week at $24.

GOOGL: We sold the Sept '17 $735/725 put spread for $1.20. GOOGL finished the week at $950. We are close to buying this back.


March 2017

Naked Puts

FNSR: We sold the Sept '17 $23 put for $1.50. FNSR ended the week at $24. We are above breakeven and have defense on and it is protecting us. We expect a bounce from here.

SUN: We sold the Sept '17 $22.50 for $1.80. SUN ended the week at $30. We have defense on, but are close to exiting the trade.

Oil: We sold the Sept '17 $6 put for $.55 with 2 contracts. OIL ended the week at $4.94. This is the typical swing for OIL and we will look to exit on the next run up after some time burn.

AOBC Rollout: We rolled our Mar $22 put to the June $22 put for a credit of $.50. AOBC ended the week at $21.50.


Spread Trades

SSO: We sold the Sept '17 $75/70 for $.90 with 2 contracts. SSO finished the week at $87.54. We are already profiting.

SUN Defense: We bought the June '17 $20/17.5 put spread as defense for our Sept' 17 $22.5 put.


February 2017


Naked Puts

WAC: We sold the Sept '17 $3 put for $.60 with 2 contracts. WAC finished the week at $1.30. We were saved by our defense making our breakeven on these around $1.40 which we are basically at. We will stay in it and wait for WAC to come back up as it is close.

MYGN: We orginally sold the Feb '17 $18 put for $1.30. MYGN ended the week at $22.38 after a nice bounce. We rolled this out to Aug '17 and pick up another $1.00 of credit making our cost basis in the $15's.. We now have defense on and can buy this back for $.50.

VSTO: We sold the AUG '17 $22.5 for a credit of $1.75. VSTO finished the week at $19.70.

INSY: We sold the Aug '17 $6 put for $.75. INSY ended the week at $10.90. We now have defense on and can buy this back for $.55.

MEET: We sold the Aug '17 $4 put for $.45 with 2 contracts. MEET Ended the week at $6.10 and we have nice profit going. We have defense on and can buy these back for $.10.

MEET Defense: We bought the May '17 $3 put for $.10 as defense fo our AUg '17 $4 put.

Spread Trades

NVDA: We sold 2 Sept '17 $75/70 put spreads for $.80 each. NVDA ended the week at $104. We can buy these back for $.35.

WAC Defense: We bought 3 June '17 $2/1 put spreads as defense for our Sept '17 $3 puts. We will hold these for now.

DLTR: We sold the Sept $65/60 put spreads for $.85 with 2 contracts. DLTR ended the week at $82.

MYGN Defense: We bought the May '17 $14/13 put spread for $.15 as defense for our MYGN rollout.

INSY Defense: We bought the May '17 $5/4 put spread for $.10 as defense fo our Aug '17 INSY $6 put.



January 2017

Covered Calls

WAC: We sold the June $5 covered call for $1.00. WAC ended the week at $1.30 and we sold our defense for extra profit as well as are letting this trade go to full profit.

Naked Puts

WAC: We sold the June $4 put for $.85 with 2 contracts. WAC ended the week at $1.30 and we took full profit on our defense. Our breakeven is just below $2.

SUN: We sold the June '17 $25 put for $2.60. SUN ended the week at $30. We can buy this back for $.20 right now.


Spread Trades

NVDA: We sold the June $80/75 put spread for $.90. NVDA ended the week at $104. We can buy this back already for $.10.


December 2016

Naked Puts

WAC: We sold the June $4 put for $.50 with 2 contracts. WAC ended the week at $1.30. We profited from our defense and have a break even around $3.

TASR (now AAXN): We sold the June '17 $20 put for $1.20. TASR recently changed its name to AXON and changed its symbol AAXN. The stocked ended the week at $25. We can buy this back for $.10 and will look to do so in the coming weeks.

INSY: We sold the May '17 $6 put for $.75 with 2 contracts. INSY ended the week at $10.90. We can buy this back for $.05
June 2016
Naked Puts

WAC Rollout: We rolled our Jun '16 $7 put to the Dec '16 $7 put for a credit of $.60. This puts our breakeven down around $5. We let ourselves get put the shares since we were close to breakeven and either let it run up from here or sell calls.

WAC Rollout: We rolled our 2 June '16 $10 puts to the Dec $10 put for a credit $.15 each putting our breakeven just below $8. We let ourselves get put the shares since we were close to breakeven and either let it run up from here or sell calls.

FIT: We rolled our FIT May $17 put to the Jan $17 put for a credit of $2.05. Our breakeven is now under $14 and FIT ended the week at $7 after getting hammered on earnings. We rolled this to the May '17 strike for $.20. We are going to roll this in an unusal way this week.

April 2016

Naked Puts

PLUG: We sold the Sept '16 $2 put for $.32 with 4 contracts. PLUG ended the week at $2.25. We let ourselves get put the shares and are now highly profitable. We sold our shares for $2.25.

GPRO: We originally sold the April '16 $25 put for $2.20. We made another $1 from our defense putting our breakeven at $21.80. We rolled this out to the Jan '17 $25 strike for a credit of $.80. GPRO ended the week at $9.00.


February 2016

Naked Puts

VDSI Rollout: We rolled our VDSI Mar '16 $20 put to the Sept '16 $20 put for $1.15. This now put breakeven on our shares in the $15's. VDSI finished the week at $14.70 keeping us near breakeven. We got put the shares and can sell calls or sell the shares. We have a closing order in place.


November 2014

Naked Puts

EMES: We sold the March '15 $65 for $5.00. Emes finished the week at $13. If you remember, we rolled this out picking up another $3.15 to the June '15 strike. We have $8 in credit from our trades and picked up another $4 in selling out of defense. We rolled it again out to January 2016 picking up another $2.35, so breakeven is now around $50 on these specific shares. We rolled this our to Jan '17 and pick up another $.70 making breakeven overall on these specific shares $49.

In January '17. We allowed ourselves to get put the stock. Our cost basis on EMES all time is around $25, so we will sell calls and let it come up over time.


September 2014

Naked Puts

CRR: We sold the CRR March $60 put for $4.20. CRR finished the week at $8. Overall on our trades on CRR over the years have a nice profit. We received full profit on our defense and our breakeven is in the $50 range on this trade. We completed our rollout of this to the June cycle and picked up another $.85. As I have lamented in previous newsletters, this is the one trade of 2014 I wished I had waited on. I put it on too early in the drop in oil. We have more than made up for it with our previous trades on CRR over the years which has our cost basis below $30, but a lot of lessons learned in this trade.

We rolled our CRR trade out to Jan 2016 picking up another $1.75 making our breakeven below $50 (around $48) on these shares. We are rolled the Jan '16 to the Jan '17 $60 strike and picked up $.85. We allowed ourselves to get put the stock. Our cost basis all time on CRR is around $20, so we will sell calls as it comes back up.


Closed Positions and Trade History

To view the latest closed positions and historical closed positions from June 2013 to present, please click the link below and visit our trade history page.

Click Here to View the Ten Year Trading Formula Trade History
Trades of the Week for 5-7-17
Ten Year Trading Formula
Stock Trades

OIL: We will buy 200 shares of OIL at $4.90.

VDSI: We have a GTC order in to sell our shares at $19.


Covered Call Trades



Put Trades

FIT: We will rollout May '17 $17 put to the Jan '18 $18 put for a credit of $1.06.



Spread Trades

OCLR Defense: We will buy another July '17 $5/2 put spread for $.10 as defense fo our Oct '17 OCLR $6 puts.


*All orders are setup as Good til Cancel (GTC)
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