#VXXGame Using today’s pullback to add positions in a weekly where I didn’t have any.
Sold $SVXY Dec 4 (weekly) 50 put @ 1.55.
Daily Archives: Monday, November 9, 2015
NUGT reverse roll
#ContangoETFs #ReverseRoll
Made the mistake of selling some puts too early… but no worries since it is easy to flip these…
BTC $NUGT Nov 20th 30 put for 5.25. Sold for 2.50 on Oct 12th.
STO $NUGT March 50 calls (x2) for 3.10 each.
$NUGT Calls
$NUGT #ContangoETFs – Taking a small shot in a ticker that’s already a big winner the last couple months…
Sold NUGT DEC 11 2015 40.0 Calls @ 1.10
WordPress Mobile Apps
Just thought I’d let everyone know I’ve installed the mobile WordPress app on my Android phone and my iPad. They look and work great!
SPX roll iron condor
#SPXcampaign Sold to Open $SPX Nov 30th (monthly) 1915/1940/2145/2170 iron condors for 2.00, as a roll from the Nov 13th 2040 spread closed earlier today, 1.5x position size.
I chose Nov 30th expiration as it is not part of the normal weekly strategy, since it is an end-of-month expiration, this time on a Monday. Therefore I had no spreads already in this expiry. I chose an iron condor to balance the risk on both sides, so I could go further OTM on the puts and above all-time highs on the calls.
SPX close call spread
#SPXcampaign Bought to close $SPX Nov 13th 2130/2155 call spreads for .25. Closed today to free up some margin space.
S&P Eminis
/ES #Eminis – I’ll go long here or cover shorts if I have any left by then…
SOLD /ES JAN 16 1900 PUT @ 15.25
$OPHT TOS TTM Squeeze
$OPHT Rally mode…
TOS had it in a 5 day squeeze that finally fired long. John Carter says his TTM squeeze indicator will generally run 8 to 10 bars and today is day 11. Hey @Scottto are you smiling?? Wish I had a bigger position. Short 40 and 45 puts for Nov and Dec. The next REGN? Guess we’ll know soon.
$UVXY #VXXGame
$UVXY #ContangoETFs #VXXGame – These should be safe even if we get another August type selloff…sitting on a few short Eminis as a hedge.
Sold 1 UVXY JAN 15 2016 70.0 Call @ 1.60
Sold 1 UVXY JAN 15 2016 75.0 Call @ 1.40
Sold 1 UVXY JAN 15 2016 80.0 Call @ 1.30
Sold 1 UVXY JAN 15 2016 90.0 Call @ 1.05
Sold 1 UVXY JAN 15 2016 95.0 Call @ .95
$ZSL $AGQ and TDA margin
$ZSL $AGQ #ContangoETFs – Since TDA jacked up our margin requirements on ZSL I’ve been using short AGQ calls instead of short ZSL puts. Serves the same purpose for much less margin. Finally paying off…
Min value commission free…
Bought to Close AGQ NOV 20 2015 38.0 Calls @ .05 (sold for 1.06)
SPX freefall! Another spread bites the dust.
#SPXcampaign Well, we knew downside was bound to come… just maybe not all in one day. I put on a couple of aggressive Nov 13th put spreads in recent days to take advantage of non-stop upside. Got stopped out of 2050 spread already, now
Bought to Close $SPX Nov 13th 2040/2015 put spreads for 2.95. $3 stop was hit; waited for bounce to get out cheaper. Will wait before rolling this one.
After this, I have a fair amount of room before other put spreads are threatened.
Current signal levels for a downside warning to take effect are $VIX 17.91 (1-2 day 25% increase), and 19.20 (50% up from swing low). The 17.91 is from Friday’s low, so will be in effect until end of Tuesday.
SPX rolled put spread
#SPXcampaign #Rolling Sold to Open Nov 19th 2010/1985 put spreads for 2.15. This is a roll from put spread stopped earlier today, 1.5x position size.
SPX stop-out
BTC for 3.00.
SPX stop-out
#SPXcampaign Taking a stop on $SPX Nov 13th 2050/2025. It’s difficult to do that at what could be the bottom of the day, but that’s what stops are for. Trying to get out for 2.90 on a bounce.
ZSL call
#ContangoETFs This one keeps rising, which would be scary if I hadn’t seen it die above 120 so many times before.
STO $ZSL Jan 2016 140 call for 3.60
PCLN earnings trade
PCLN earnings trade
Bought to close $PCLN Nov 13th 1650 calls for .05. Sold for 2.40 on Friday.
SPX Dec 11th put spread
#SPXcampaign STO $SPX Dec 11th 1940/1915 put spreads for 1.30, with SPX at 2091. This is the first of two put spread I will sell this week for the Dec 11th expiry.
SPX Dec 11th on deck
This week I’m selling spreads in Dec 11th expiry, and with the down open I will look for a put spread in the first half-hour of trading.
Options Bistro 