STO TLT Dia Feb19 124…

STO TLT Dia Feb19 124 BTO Jan15 119 Puts for 3.75 Crd. Max risk is $125 Max profit is $375
I placed this position this morning and Jeff asked me if I could explain what I did for the benefit of everyone.
Here it goes:
This is a reverse Diagonal….
Selling the longer expiration Feb 19 2016 TLT 124 Put and Buying the shorter expiration Jan 15 2016 TLT 119 Put. The total position results in a credit of $3.75 pp. Since this is a $5.00 Horizontal Spread the max cost is 5.00 – 3.75 or $1.25 pp plus commissions.
This is what the MM does when we buy a Diagonal…he/she takes the other side of the trade. The trick is to close it in one trade, and don’t let the short expiration option expire, otherwise you’ll end up with a naked short put.

$UVXY #ShortCalls #VXXGame – sold…

$UVXY #ShortCalls #VXXGame – sold all these for next week. Partially covered with short Puts and long stock.
Sold UVXY Dec 18 2015 75.0 Calls @ 0.25
Sold UVXY Dec 18 2015 80.0 Calls @ 0.21
Sold UVXY Dec 18 2015 85.0 Calls @ 0.18
Sold UVXY Dec 18 2015 90.0 Calls @ 0.15
Sold UVXY Dec 18 2015 95.0 Calls @ 0.15

STO SPX 100 JAN16 (1/15/2016)…

STO SPX 100 JAN16 (1/15/2016) 1855/1830 BuPS @1.45

$UVXY #ShortCalls #ScalpTrade #VXXGame -…

$UVXY #ShortCalls #ScalpTrade #VXXGame – sold these as UVXY made a potential near term double top just above 31
Sold UVXY Dec 24 2015 70.0 Calls @ 0.60
Sold UVXY Dec 18 2015 70.0 Calls @ 0.33
Sold UVXY Dec 11 2015 44.0 Calls @ 0.19 – these expire Friday

$KMI #ShortPuts – Sold KMI…

$KMI #ShortPuts – Sold KMI DEC 11 2015 15.5 Puts @ 0.20. These expire Friday

SPX rolling

#SPXcampaign #Rolling STO $SPX Dec 31st 1900/1875 put spreads for 1.65. This is a roll from spreads stopped out last week. Despite the downside warning, I still feel we will continue consolidation into FOMC and monthly expiration next week. If I am wrong, that’s what stops are for.

SPX call spread closed

#SPXcampaign BTC $SPX Dec 31st 2175/2200 call spreads for .20. Sold for 1.50 on Nov 30th.