I was planning to roll SVXY and VLO, but got stuck on a phone call. I will consider whether to do anything next week.
Daily Archives: Friday, October 30, 2015
SPX closing ITM spread
#SPXcampaign BTC $SPX Oct 30th 2070 calls for 14.20. Letting the 2095 long calls expire (unless we get enough rally to sell them). Will roll before the bell into an ATM or ITM spread expiring next week.
CLOSING trades UVXY, SVXY, NUGT
#ShortCalls #ShortPuts #ContangoETFs Taking some profits and risk off the table.
BTC $UVXY Dec 18th 80 call for 1.20. Sold for avg price of 9.20.
BTC $UVXY Dec 18th 65 call for 1.59. Sold for avg price of 39.90 (as a roll)
BTC $UVXY Jan ’16 80 call for 2.18. Sold for avg price of 17.70.
BTC $UVXY Jan ’17 85 call for 10.30. Sold for avg price of 23.00
BTC $UVXY Jan ’17 80 call for 10.35. Sold for avg price of 15.45
BTC $SVXY Jan ’17 40 put for 7.85. Sold for avg price of 10.20
BTC $NUGT Nov 20th 75 call for .30. Sold for 3.30.
BTC $NUGT Nov 20th 60 calls for .50. Sold for 3.10
VIX low to monitor
The $VIX hit a low of 12.80 on Wednesday (10/28). So unless and until that low is breached, this is the level we monitor to look out for the first Danger Zone metric: 50%, 100%, 150%, etc, UP from 12.80. So set an alert for VIX 19.20 (50%) and VIX 25.60 (100%). Also, watch for the 2nd metric, which is 25% or greater 1- or 2-day increase from any day’s close.
SPX Nov 6th (one week) iron condor
#SPXcampaign Sold $SPX Nov 6th 1995/2020/2130/2155 iron condors for 1.90. 10 delta; part of rolling needed for stops taken in call spreads.
SPX call spread ROLL
#SPXcampaign #Rolling STO $SPX Nov 13th 2130/2155 call spreads for 2.85. 1.5x position size. This is a roll from my Nov 6th 2100/2125 that was stopped out earlier this week.
Options Bistro Launches!
Hello Traders!
Today I launch this blog, Options Bistro. It is meant as a place for options traders to share strategies, ideas, questions, frustrations, and knowledge with each other. I plan for it to eventually grow into a broader site for a community of traders.
I launch at this moment to a grand total of 1 follower (myself). I will be announcing the site once I have posted a few trades, so if you’re reading this, thanks for checking into old posts!
Please contribute… comment or ask questions on my trades and strategies and feel free to post your own ideas or trades.
#Welcome to Options Bistro!
-Jeff Payne
10/30/2013
Options Bistro 