It looks like the Bulls got a little tired after yesterday’s and this mornings rally…If price moves down tomorrow the Stochastic will give a signal to go short the SPX.
Daily Archives: Tuesday, November 17, 2015
KOLD puts
#ContangoETFs Hard to believe I still get someone to buy these, expiring in 3 days…
STO $KOLD Nov 20th 110 puts for 1.25.
Building a ladder in $UA
Adding a January position to what has now become a short put ladder.
Sold $UA Jan 15 2016 70 put @ 1.20
I am now short the following puts:
Dec 80
Jan 70
Apr 65
Buying a put calendar in…
Buying a put calendar in GMCR for earnings. Nov./Dec. at the 30 strike for approx. 50 cent debit. Will change it to a put credit spread later if GMCR doesn’t go down to cover the costs of the Dec. put.
XOP short puts
A small position to take advantage of the high IV rank (66). Strike is at the late Sep lows.
Sold $XOP Dec 18 32 puts @ .47
SPX put roll
#SPXcampaign #Rolling STO $SPX Nov 27th 1965/1940 put spreads for 1.30, as a partial roll of spreads stopped out last week.
STO Dec 4th 2140/2150 BeCS @ 0.45 when the S&P was trading at 2059. Another cautious trade. 2140 Delta @ .06.
DUST in the wind
#ContangoETFs STO $DUST Jan 45 calls for 1.15. Will add more if premium rises.
$SPX STO Nov 31st 1930/1940 BuPS @ 0.40. cautious starter position. This was filled this morning when the S$P was trading @ 2054
SPX call spread #2
#SPXcampaign STO $SPX Dec 17th 2165/2190 call spreads for 1.25. Second call spread for the week, 20 points higher than yesterday. I won’t worry about defending these unless we break through all-time high at 2134.
$SPX #spxcampaign STO Dec 19…
$SPX #spxcampaign
STO Dec 19 2150/2160 BeCS for 1.00
These are well past the highs and delta less than 0.1.
Got these earlier this morning, just now able to post. Could have waited and gotten a more, but this works.
STO SPX DEC2 15 2145/2170…
STO $SPX DEC2 15 2145/2170 BeCS (12/11/2015) @1.35
$UVXY
STO Nov 20 $25 puts @ $0.21
SVXY…I’ll keep shorting you until I’m wrong
$SVXY – I’ve got enough short puts that I can hope these get in trouble. Long enough XIV in my 401k that I can really hope these get in trouble!
Sold SVXY DEC 18 2015 65.0 Calls @ 1.55
NFLX Short Puts
$NFLX Selling some additional premium to offset short call exposure.
Sold $NFLX Dec 11 (weekly) 100 puts @ 1.27
Good morning…
Another day rocketing higher? Looks that way. I have been backtesting the $VIX warning signals, and I have not found a downside warning that triggers without a subsequent correction in the $SPX (I have tested 1999 thru 2011 thus far). Sometimes, the correction may come weeks later, or sometimes it may be only a decent pullback rather than “correction.” But nonetheless, I am staying on watch for more downside in the days and weeks to come after Friday’s Warning.
Signs that we should reset the clock would be either a new $VIX low (below 12.80) or a new $SPX high (2134). Also, a firm break of the recent SPX high (2116) or a close below the most recent base for the VIX warning (Wednesday’s close of 16.05) I believe would mean relative safety. This is a new indicator and our first time working with it in real-time. So every day is an education.
Monthly expiration is this Friday, and it could be playing a role in this rally. Seeing what happens next week will be interesting.
SPX pre-market call spread
#SPXcampaign In pre-market (4:34am ET) STO $SPX Dec 4th 2130/2155 call spreads for 1.20. This is actually my second regular call spread for this expiry, given that I only sold half my normal amount a couple weeks ago. Staying at or above all-time highs, and above the most recent swing high.
Options Bistro 