This is a great video @fuzzballl posted below, thought I’d repost here as the adjustment possibilities are endless for naked sellers.
Watch the 5th video down titled “Inverted Strangle Recap”
#Earnings My plan with the 800 calls will be to roll into January should we breach 800. As it looks more than likely, I may close today if price settles down from here.
#401k – Sold all the BIB I bought yesterday on the run up to the 21ema. Out at 68.25….just missed a reload at 67.25 but orders in all the way back down to the 50ma. Two decent scalps in last 4 trading days…LOL Buy Thur sell Fri buy Mon sell Tue. Loving those alternating red and green big bars!
$UVXY #ShortCalls #VXXGame – Sold UVXY DEC 24 2015 70.0 Calls @ 0.39. Top of the chain.
#ContangoETFs The continuing decline of Nat Gas has driven $KOLD up astronomically, straining my account and margin. I currently have way more puts than calls, but the calls are all dramatically underwater. Fortunately, it is not difficult to #ReverseRoll. On November expiration, I had 5 short calls way ITM that I closed out. Within one week I had sold enough puts to make up for the losses, and all of those puts are now approaching zero.
December expiration is a bit heavier, but today I started closing out some early and sold some more puts.
BTC $KOLD Dec 118 call for 62.00. Sold for 20.00 on 11/11 (part of a roll)
BTC $KOLD Dec 120 call for 56.40. Sold for 19.00 on 11/19
BTC $KOLD Dec 100 puts for .20. Sold for 3.00 on 11/19
STO $KOLD Dec 155 puts for 2.85. Starting the rolls for the above positions.
for you who are fed-up with this market see this Just Office Stress if you want a few minutes https://www.youtube.com/watch?v=wXaPB7slzNE&index=2&list=RDVveNHLZaECw
$SVXY STO an initial position Dec 31st 45 Put @ 0.95.
JC commented we should trade violently sideways until FED decision
#SPXcampaign BTC $SPX Dec 11th 2035/2015 put spreads for 2.60. I had a conditional stop-limit order on this that somehow executed when condition was not met. I am on phone with broker now trying to sort out. Condition was SPX below 2063, placed at 10:50am ET. As you can see, it has been above that level since then (as of this writing at 11:32 ET). Trade closed at 10:59, filled for 2.60 on a 2.85 limit order. Not a happy camper. (although I’ll be okay with it if we drop back below 2063!)
STO SPC Jan2 1930/1915 1.15
STO Dec 18 $45 calls @ $0.62
STO Jan 15 $65 calls @ $1.10
$TWTR I have 2 Dec 18 43/38 BuPS that seemed like a good idea several months back. If I sell the 38s I will take in a positive $1606, I received $1800 for the 43s, (this was a roll). My cost basis will be 25 and change, maybe get to even or better in a couple months with some covered calls
$UVXY #ShortCalls #Weeklys – Sold UVXY Dec 11 2015 42.0 Calls @ 0.18 for a scalp trade. Strike is a point higher than my last sale for the same premium
STC Dec2 2065/2055 Put spread 210 profit bought yesterday for 2.65
STO Jan’16 $35 puts @ $0.55
#IRA – Just one for now…
Sold 1 SVXY JAN 15 2016 55.0 Put @ 4.80
$UVXY #ShortCalls – Sold UVXY Dec 11 2015 41.0 Calls @ 0.18 for a scalp trade. This month’s high was 10 points below the strike
STO Jan’18 $45 call @ $13.00
#SPXcampaign, regarding my $SPX Dec 11th 2035/2015 spread sold yesterday, went into the hole with it this morning but decided not to panic on a morning flush. Bounce now has it back below 3.00, so I will reinstate the stop now and get out if this rally is short-lived. Still looking to sell the call side for a condor.
AutoZone’s (AZO) Q1 Earnings Beat Estimates, Revenues in Line
Well, perhaps the $VIX warning we got Friday will come to fruition before January. More volatility today as oil continues to plunge. At some point we should reach a capitulation point where oil has a rapid, massive sell off and then finally bottoms. For now, it seems to be dragging stocks down with it.