$SVXY #CoveredCalls #IRA – so between 3 and 3:30 Friday I bought SVXY in my “SVXY-Only” IRA at 44.30 and sold the Dec 11 45.0 Calls at 0.20. Since the stock closed above 45, I expected to be assigned, but I was not.
S0… on the opening this morning I sold the Dec 18 53.0 Calls at 0.55 against my long stock.
Sometimes you catch a break 🙂
$UVXY #VXXGame – Liquidated even more long stock at 42 and 43(more than half my remaining long) and then sold many more Puts for this week
Sold UVXY Dec 18 2015 25.5 Puts @ 0.35
Sold UVXY Dec 18 2015 26.0 Puts @ 0.40
#ContangoETFs STO $KOLD Dec 18th 185 puts for 3.05
Rolled Dec 175 puts up to Dec 200 for a credit. Also short the 120 calls in Jan for an inverted strangle. Assuming the 200 puts expire I’ll be left with short DITM Jan 120 calls with the whole position bringing in a total credit of 52 dollars giving me a breakeven on the Jan 120 calls of 172.
At that point I’ll have to decide where to sell the new puts…basically the more bullish I am on KOLD (bearish on nat gas) the higher the strike I’ll sell the puts at with hopefully being no further inverted than the toal premium received. Ideally early next week nat gas rallies and KOLD tanks and I never even have to sell them…LOL
#Earnings STO $FDS Dec 18th 155 puts for 1.00. Biggest UP move: 9.7% Biggest DOWN move: -6.4%. Average move: 3.6%. This trade is 7.5% OTM.
STC Jan 15 2016 HON 105 Puts at $6.55, bought them last week for $4.10.
I’ll buy some Puts again if HON reaches 100.
$TWTR #Trade Repair I mentioned this recently, today I sold my Dec. 18 38 puts that were part of 43/38 BuPS entered into in early June. I’ll be the proud recipient of 200 shares of $TWTR with a cost basis of $25.86. This just might work. Somebody but this company.
$SVXY Sold Dec 31st 52 Call @ 1.50 against stock assigned Friday at 50. Iceman you ar4 so right about these blasted abbreviations. I keep screwing them up.
Made 3 small trades this morning. Really don’t want to do much until after the Fed on Wed.
STO Dec 18 $25 puts @ $0.20
STO Jun’16 $70 call @$15.00
STO Mar’16 $165 calls @ $4.50
These guy’s are really moving today. Go baby go.
#SPXcampaign. I have now been stopped on all put spreads. I Reverse rolled one into calls on Friday, but otherwise have made no other rolls.The strategy is not viable in this environment, with 4 Downside Warnings in effect. Selling calls spreads when down so much is also not viable. Fed decision could cause a massive rally.
$ZSL hitting a four-month high
$SPXcampaign BTC $SPX Jan 8th 1890/1865 put spreads for 3.45. Sold for 1.40 on Dec 4th as a roll. 3.50 was my stop.
I am currently not entering any new positions on SPXcampaign… waiting for volatility to either kick really high, or head back toward lows. Currently to volatile for this strategy.
$Eminis – Really strange…had a standing order to cover a short at 1993.25. Got hit on that sudden spike down. Turned around 4 minutes later and sold it again for 2009.75. Trying to cover again down around 1995. Some sort of strange news I guess really moving this thing!
I am day trading SVXY stock in this madness. May use UVXY too. In and out in minutes with these swings.
$UVXY #VXXGame – Liquidated more long stock at 40.41 and then sold more Puts for this week
Sold UVXY Dec 18 2015 26.5 Puts @ 0.35
Sold UVXY Dec 18 2015 27.0 Puts @ 0.43 (edit to correct the price)
STO Jan’16 $130 puts @ $1.25
STO Feb’16 $100 puts @ $1.25
BTC $SPX Dec 17th 2125/2150 for .20. Sold for 1.20 on Thursday. Keeping out of the way of a possible bear market rally on monthly expiration with Friday AM settlement.
Once initial warnings fire, secondary signals are less significant, but still signal likelihood of a correction. Friday saw a signal and we just touched above 25.60, which is 100% higher than the Oct 28 $VIX low. So that’s the fourth warning since Nov 13th.
$UVXY #ShortPuts – Sold UVXY Dec 18 2015 25.5 Puts @ 0.40
STO May $90 puts @ $2.10
#ContangoETFs New $KOLD call strikes up to 230. Probably best to buy them or ignore them!
BTC Dec 24 $64 Calls @ $0.05
I was away from the market for most of Friday. I went into the day with 3 positions ready to expire. $UVXY $40 calls, $SVXY $45 and $50 puts. The only thing that would affect these was a big sell off, which is obviously what happened. Early in the day it sure looked to me like there was little chance of the market bouncing, so with $SVXY about $49.50, I closed my $50 puts for $1 (sold for $0.50 so lost $150). I closed my $45 puts to cover the loss and still book a profit just in case. I held onto my $UVXY $40 calls as I did not think it would get there. I checked on the market with about 1.5 hrs left until the close, $UVXY was about $37.5. I was going to be in meetings the rest of the day so I closed out the position for $.15 (sold for $0.45).
So at the end of the day I had nothing left to expire.
I will be picking any entries sparingly and carefully before the FOMC decision. The downside risk is evident, but whichever decision they announce on Wednesday could send markets screaming higher, at least briefly. As for the #SPXcampaign, I was stopped out of put spreads and closed several call spreads Friday, and for now will be easing off on the normal weekly entries in the face of unpredictable volatility.
UVXY – new calls available up to the 65 strike for all the January Weeklys
$UVXY – Sold 200 UVXY at 41.00 in the pre-market. Left over from an old put assignment at 40 from several months ago. Its going to be that type of day.
Options Bistro 