Since I had a few spreads threatening if we gap down tomorrow, I closed one before the $3.00 stop was hit.
Bought to close $SPX Dec 11th 1940/1915 put spreads for 2.70. Sold for 1.25 on Monday.
Daily Archives: Thursday, November 12, 2015
There is one other support…
There is one other support at 2038 that may hold before getting down to the 2023.
SPX call spread, UVXY call closings
#SPXcampaign Bought to close $SPX Dec 4th 2170/2195 call spreads for .20. Sold Nov 2nd for 1.25.
#VXXGame BTC $UVXY Dec 18th 80 call for 1.25. Sold for 9.20 avg price in August. Not worth risk when over 80% profit available.
The 38.2% of the move…
The 38.2% of the move from the lows of 9/29 to the highs of 11/3 is at 2023; I won’t be surprised if it comes down to there before the down move is over. The 61.8% is at 1965.2 so be careful.
Just closed the SPX 2045/2035…
Just closed the SPX 2045/2035 trade for tomorrow at break even. Don’t want to risk the possibility of a gap down again tomorrow.
$SPX new lows of the…
$SPX new lows of the day
On my 2045/2035 for tomorrow;…
On my 2045/2035 for tomorrow; I may take it out at the close if I don’t seen buying coming in after 3:00PM ET. The problem is that it is too close and a gap down tomorrow will hurt it. So why risk it?
NXPI and VLO management
#Earnings… got some movement today in stocks I was assigned through earnings plays.
$VLO, was assigned short shares at 65.00. Been selling puts and calls, raising my cost basis. Today closed some Nov 13th 71 calls for .08, and sold a Nov 27th 65 covered put for .55
$NXPI was assigned long shares at 86.00. Yesterday sold Nov 20th 85 covered call for .95, and today a Nov 20th 75 put for .60. Lowering my cost basis by selling premium.
Robert and Mort I see…
Robert and Mort I see the 0.5 support at 2055 then 2038
STO SPX Nov 13 2045/2035…
STO SPX Nov 13 2045/2035 for $2.30 crd. Stop at 2050.30
SPX support at 2055 confluence…
SPX support at 2055 confluence from several Fib-Nodes. It should hold here, if it doesn’t then the next support below it is at 2038 and then 2022 and 2016.
SPX 1-day spread
#SPXcampaign Selling $SPX Nov 13th 2025/2000 put spreads. These expire tomorrow, assuming we won’t go too much lower, so risky… stop at 3.00. I have sold a couple for 1.10, looking for 1.20 for more.
ZSL May call
#ContangoETFs Sold $ZSL May 20 2016 180 call @ 6.50. Highest strike in May.
#SPXcampaign Sell to open $SPX…
#SPXcampaign Sell to open $SPX Dec 11 1900/1875 put spread for 1.30. Getting back in the queue after not opening spreads for couple of weeks.
Closing trades for margin clearance
#ContangoETFs Bought to close $ZSL Nov 20th 150 call for .25. Sold for 6.10 on August 25th
#SPXcampaign Bought to close $SPX Nov 13th 1970 puts for .15. Sold as part of 1970/1945 put spreads for 1.35 on Oct 23rd.
TZA calls
#ContangoETFs Sold to open $TZA Dec 18th 50 calls for 1.55.Even on the extreme volatility spike of 8/24 this only topped out at 56.
SPX another call spread closed
#SPXcampaign Bought to close $SPX Nov 27th 2160/2185 call spreads for .15. Sold for 1.25 on Oct 28th.
$UVXY calls
Sold Dec 18 70 calls @ 1.08. Taking advantage of the move down in the market to get some positions in December.
SPX call spread close
#SPXcampaign Bought to close $SPX Nov 27th 2165/2190 call spreads for .15. Sold as part of an iron condor roll on Oct 23rd.
Good morning
Futures are plummeting… our current $VIX warning signals are 19.11 and 19.20…. so if we get that high both signals would be hit on the same day, meaning we’d enter a Danger Zone. If that happens, look to take profits/stops early on $SPX put spreads and be cautious when selling new ones.
$TDG earnings look to be a beat, so that should open higher and the 200 puts can be closed early.
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