The First Tastyworks Trades

The first trade I placed in my fancy new platform was a Put Vertical on FXY (Currency Shares Japanese Yen) short the 86 and long the 84 with 30 days to expiration.  This trade looked appealing because President Trump was to go golfing with PM Abe from Japan and based on Pres. Trump's accusation that Japan was manipulating the money supply for currency devaluation I figured the conversation had potential to turn volatile. The Bank Of Japan had also recently said that their economy still needs 'massive monetary support' citing uncertainty over the Trump presidency. They were also quoted as saying that the current momentum towards the long-term rate price target isn't sufficient. On the 15th, FXY dropped to 84.13 and I was able to close this position for a net credit of 0.27 over 5 days.

Another, still working, trade is an Iron Fly on AAPL (Apple). I sold a 135 Straddle with wings at 142 and 128 with 35 days to expiration.  The assumption here was that AAPL was near their 52 Week High and I didn't believe there would be any new data between making the trade and Expiration.  Warren Buffet had taken a large stake in AAPL the previous week and I didn't want to play contrarian to his call so I went with a neutral approach hoping that this would continue to trade between 130.86 and 139.14 until Expiration so I could max out my profits from the 4.14 credit I collected. The recent rally pushed the stock above my upper break-even, however since the Iron Fly is a Risk Defined trade I can afford to sit tight until closer to Expiration hoping that AAPL moves back closer to 135.