Reminder that the next fed decision I believe is scheduled for Dec 16, 2 days before Dec monthly expiration. I currently have not opened any #VXX related positions for Dec 24 or Dec 31 expirations. I plan to hold off until we get close to the Fed meeting.
I expect that volatility could get elevated prior to the meeting, then just about a coin toss as to what the market will do in response.
Nat Gas inventories are scheduled to be released on Wed @ 12pm eastern. Last week, even though the build was less than expected, nat gas still sold off hard. This week, expecting a build of 5 Billion Cubic Ft.
New CEO seems pretty shady. Wonder how much he made on this deal. Incredible…
#VXXGame Followed Iceman and Kelly, STO $UVXY Dec 4th 23 puts for .40
#eminis Sold the call side of my Jan strangle a little too soon. Currently holding Jan monthly 1900/2100 strangle for a total premium of 33.25. Rolled the 1900 put up to 2000 for an additional 12.50 credit.
Position is now Jan monthly 2000/2100 strangle @ 45.75 so breakeven of 2145.75 and 1954.25. Also holding a couple short eminis as overall portfolio protection so if we implode the put will be covered for additional profit. Also short a strangle in Dec and short puts further out and well below the August lows Waiting a little to add calls to those. I’d be happy to go long down in the 1650-1800 range if we get there.
$UVXY #ShortPuts – Sold UVXY Dec 04 2015 22.5 Puts @ 0.29
$UVXY #ShortPuts – Sold UVXY DEC 4 2015 23.0 Puts at prices from 0.39 up to 0.42
#Earnings BTC $GME Nov 27th 34 puts for .05. Sold for .40 on Friday. Closed the calls for .01 yesterday so this completes the trade.
#SPXcampaign STO $SPX Dec 24th 2170/2195 call spreads for 1.25, with SPX at 2089. I now have sold one spread in puts and one in calls for the week… need one more of each.
Earlier this morning STO Dec 11th 50 Put @ 1.35. I will add lower and or further out strikes as appropriate. Otherwise I’m spending time out in the barn working on a small table. If I don’t pop back in between now and next week Have a Wonderful Safe and Thankful Holiday. Jon
STO Dec $100 puts @ $1.00
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Thanks! Jeff
Adding a few at the higher levels…will add more on any strength. Also short at much higher strikes and better premium.
Sold NUGT JAN 15 2016 35.0 Call @ 2.50
Sold NUGT MAR 18 2016 50.0 Call @ 2.80
Sold NUGT MAR 18 2016 55.0 Call @ 2.40
Sold NUGT JUN 17 2016 70.0 Call @ 3.30
STO Dec 11 $22 puts @ $0.50
So much for the SPX Confluence at 2077; I just got stopped out at 2072.30; so it didn’t work; maybe I placed the stop too close. Learning experience.
$DUST down 6.68% closed Dec 11 30 covered call early, 17DTE, at 0.34 at 65% profit will reload as appropriate
X
Turkey trade…STO $SPX Nov 27 2100/2105 bear call spread @ .55
STO Dec 4 $24 puts @ $0.52
Well, I was not going to trade until after the Thanksgiving weekend, but I couldn’t resist the opportunity today. So,
STO Dec 24th SPX 2000/1985 BuPS at $2.20
It’s 39 degrees in Portland, but KOLD calls heating up again. The new higher strikes give us (hopefully) safe opportunities.
STO $KOLD Dec 200 calls for 3.10
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