These are the stocks that I bought today:
$AZO, $BMY, $FB, $NKE (add), $SBUX (add)
All provided good entries.
Kelly
Daily Archives: Monday, November 16, 2015
This is what I saw…
This is what I saw today on the SPX; I’ll try to post a chart each day after the close. The idea is to keep a track record of what I see and how I’m trading it.
BTO PFE NOV4 32.5 Call…
BTO PFE NOV4 32.5 Call 1.06. Unusual Call option activity 30,000 today. Thought I would tag along
$SPX call spread
#SPXCampaign Sold Dec 11 2140/2165 BeCS @ 1.20. Short strike has a delta of 07 and is outside 1 standard deviation (2135), and above the all-time high.
$SVXY #vxxgame This morning bought…
$SVXY #vxxgame
This morning bought $SVXY @ 52 and STO Nov 20th 53 P @ 2.00 and 57 P @ 1.15.
$NFLX rollout
Rolling this week’s puts up to 30 delta strike for more premium.
Bought to close $NFLX Nov 20 100 puts @ .25 (sold for 1.20 on 10/30/15)
Sold to open $NFLX Nov 20 108 puts @ 1.27
Credit: 1.02
$SPX spread #spxcampaign STO Dec…
$SPX spread #spxcampaign
STO Dec 11 2130/2140 BeCS at 0.80.
My account not as large as some, so have to take these in smaller bites.
STO Dec 11 LNKD 250/262.5…
STO Dec 11 LNKD 250/262.5 BeCS at $3.64. Stop at 252.33
C’mon silver…I dare ya!
$ZSL $AGQ – I’m so tired of carrying this ZSL ITM bear call spread I’m once again daring silver to go up. This worked great this month being short decent size positions of 38 and 40 calls. If Janet doesn’t raise these should get in trouble…hopefully!
Sold AGQ DEC 18 2015 33.0 Calls @ .57
$UVXY
Made several trades today once it was clear that we weren’t headed for another spike of volatility.
STO $UVXY Dec 4 $65 calls @ $.91
STO $UVXY Dec 18 $95 calls @ $1.09
STO $UVXY Nov 20 $53 calls @ $0.48 (already short $45 calls)
$NFLX Short Puts
Selling some additional premium to offset short call exposure.
Sold $NFLX Dec 4 (weekly) 100 puts @ 1.55
WMT bearish trade
#Earnings – this is NOT my normal earnings trade, but with market volatility I do not feel like shorting options on earnings, especially because there isn’t a lot of premium in many of these companies reporting. But much of retail is very bearish, dropping further on earnings. So I bought 3 $WMT Nov 20th puts for .34, a $100 bet that this could crater down toward 50 when it reports tomorrow morning.
#Eminis – Looking to scalp…
#Eminis – Looking to scalp 10 or 12 points or if it moves against me adding it to a core short position…helps to protect the naked puts of my strangles as well.
SOLD ES @2028.50…order in to cover at 2016.50 or at breakeven on a rally.
#Eminis – The experiment continues….
#Eminis – The experiment continues. The market weakness has finally allowed me to make some adjustments. Covered a couple short contracts earlier for even after riding them all the way up and back down. This left a few uncovered puts that I rolled down and out to Jan Feb Mar and Apr in 1650-1750 range. Now that I’ve got a little room on the short side I’m legging into some strangles when we get a little strength.
Starting with this:
SOLD /ES JAN 16 2100 CALL @ 18.00
Paired with a 1900 put that’s only worth 6.00 making total value of the strangle 24.00 so max gain of $1200 per strangle. Had I been more patient on the put side I believe these strangles could easily bring 30 points total. This position ties up about 8 thousand margin per strangle with the option to take a long or short position if they get ITM as well as rollability.
I’ll be looking to add the call sides further out if we rally into the end of the year…
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STO Dec 11 SPX 1915/1900…
STO Dec 11 SPX 1915/1900 at $1.50, will get out if price goes below 2018.
SPX call spread
#SPXcampaign STO Dec 17th $SPX 2145/2170 call spreads for 1.25
Good morning..
Quite a Friday the 13th we had…. we got our $VIX warning signal, and it looked like it could be a repeat of Aug 20-24… however, a significantly more minor one; $SPX was only down 1.12% for the day. Then the Paris attacks instilled fear, but because they happened Friday, with the weekend to digest, it was anyone’s guess what Monday would look like.
For now, we STILL have an active warning from Friday, so be on the lookout. VIX would need to fall at least back below Wednesday’s close of 16.05 before I would say we can ease off the brakes. SPX vol is high so selling new spreads will get you fairly far OTM; just proceed cautiously. Call spreads should be above all-time high of 2135. I will look to sell my normal 5-week out spreads for Dec 17th before I consider putting rolls on from spreads that were stopped last week.
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