Site updates and expansion

On the right hand column of this page I have enhanced the VIX indicator Status to make current condition more clear. I will update this each day.

I am working on more changes, and I welcome any feedback on something I can include to he more helpful for everyone’s daily trading. Also, if there are any features you would like to contribute, let me know.

Also, I am always looking for additional followers and contributors. Feel free to invite anyone you know, and offer me any suggestions on ways to promote the site.

Thanks all for being here!

#Welcome

Out all afternoon and missed…

Out all afternoon and missed the excitement. Liking what I’m seeing now though. I knew Iceman could work his magic on KOLD for us! Turned into a very good day….

$UVXY #ShortPuts – all these…

$UVXY #ShortPuts – all these strike prices are below the all time low
Sold UVXY Dec 18 2015 23.0 Puts @ 0.33 – These expire in two days

Sold UVXY Dec 24 2015 21.5 Puts @ 0.41 – These expire next Thursday
Sold UVXY Dec 24 2015 21.0 Puts @ 0.33 – Short trading week

$SVXY #CoveredCalls #VXXGame – Sold…

$SVXY #CoveredCalls #VXXGame – Sold SVXY Mar 18 2016 75.0 Calls @ 1.15

$SVXY

Sold $SVXY Dec 31st 48 Put @1.40.  Will take assignment or roll if needed.

STO Dec FDX IBF 155/149/149/143 4.05 Cr

Earnings trade

#earnings

UVXY call closed

#VXXGame Reducing exposure, although my overall VXX position is light anyway:

BTC $UVXY Jan 2017 85 call for 9.60. Sold for 23.00 (avg price) over the summer.

$NUGT

Take a look at the intraday 1 minute chart.

$BOIL up 7%

$KOLD down almost as much

$NUGT

Dollar seems to be stabilizing so added back a position.

STO Jan’17 $75 call @ $5.40

 

$SVXY

Hopefully it can sustain some momentum for the next week or 2.  I think many of us would benefit greatly from this thing getting at least back to $65.

KOLD put

#ContangoETFs STO $KOLD Dec 18th 195 puts for 2.00

More KOLD rolls

With no more time value left in these I didn’t want to risk a short assignment (and a subsequent forced buy-in), and doing these rolls brings more loss into 2015.

Rolled $KOLD Jan 118 call to Feb 118 call for 1.60 credit
Rolled $KOLD Jan 115 call to Feb 115 call for 1.45 credit

These calls are too deep in the money to get higher strikes.

$SVXY #Coveredcall

STO Jan 15 $63 calls @ $0.90

Dud

How boring was that? Scalping $SXVY and $UVXY back and forth… buy 1,000 shares at a time, looking for .10 and .20 moves, sell, then switch to the other.

SVXY covered calls

Sold $SVXY Jan 15 2016 61.00 call @ 1.25

Sell the news IMHO

Sell the news IMHO

There it was folks- we…

There it was folks- we saw history. Only rate hike we’ll see in the next decade in my opinion. See ya’ll at 2250 S&P.

SCTY strangle

Borrowing this idea from TastyTrade. A 30 point wide short strangle in January for 1.45 credit. No earnings expected before opex.

Sold $SCTY Jan 15 2016 35 puts @ .73
Sold $SCTY Jan 15 2016 65 calls @ .72

$GLD $DXY

Something odd happened about 1:20pm, dollar took a serious drop and about 20 minutes later $GLD and $/GC dove as well.  Pretty odd that both the dollar and gold would go down together.  Good news for $NUGT, but wierd.

NUGT short call

#ContangoETFs following the herd, BTC $NUGT Jan 2017 60 call for 6.40. Sold for 25.00 on Oct 15th.

NUGT short calls

Reducing a small amount of my exposure as well. Mainly in the positions that are more delta dependent vs theta type positions.

Bought to Close NUGT JAN 20 2017 60.0 Call @ 6.50 (sold for 24.90)
Bought to Close NUGT JAN 20 2017 75.0 Call @ 5.30 (sold for 7.50)

$NUGT #ScalpTrade – Sold NUGT…

$NUGT #ScalpTrade – Sold NUGT Dec 18 2015 35 Calls @ 0.17. These expire Friday and are 9 points OTM

$SVXY

#CoveredCalls STO Dec 24 $56 calls @ $1.10

$NFLX #ScalpTrade – Sold NFLX…

$NFLX #ScalpTrade – Sold NFLX Dec 18 2015 105.0 Puts @ 0.13. Still trying to convince NFLX to pull back.

$SVXY #CoveredCalls – Sold SVXY…

$SVXY #CoveredCalls – Sold SVXY Mar 18 2016 75.0 Calls @ 1.10. I couldn’t let the stock rally all the way back from 43 without doing SOMETHING 🙂

#Markets – Interesting reading this…

#Markets – Interesting reading this morning on ZH. While the S&P 500 closed the day higher by nearly a half of a percent, there were just 810 Advancing Issues on the NYSE vs. 2326 Declining Issues. As a percentage of the total, the Advancing Issues equated to just 25.8% of issues. If that sounds low, you are correct. Going back to 1965, it is in fact the 3rd lowest percentage of Advancing stocks of ANY day that the S&P 500 closed higher. In other words, out of 6,702 Up days since 1965, yesterday ranked 6,699th in terms of breadth.

Straddles

Since ATM options are actually pretty cheap, I’m looking to buy straddles in $TLT and $HYG, looking for big moves in either direction (or maybe both directions) on today’s announcement. Small positions, so not risking much. If they don’t pay off today they could tomorrow or Friday.
Looking at this week’s expiration, HYG 80 straddle and TLT 121-122.

This week’s lesson for me…

This week’s lesson for me is, forget about shorting UVXY directly and just buy puts. Not only is it sometimes impossible to borrow shares, during a Fed week the plunge is so severe that no price is too high to pay for puts. If they indicate that today is the end of the tightening cycle, the UVXY $30 puts will end up being a 50 bagger from Monday. Impressive.

Good morning…

Fed day… if they act today, it will be the first day in history that we have a rate raise AFTER quantitative easing. In other words, no one knows what the reaction will be. I’ll be looking for possible day trades with $SVXY and $UVXY, and maybe $SPY or $TLT. I will consider short term #SPXcampaign spreads, but more likely hold off until the market settles into its direction in the coming days.

#PrepforFed

Because of the potential for significant moves following the Fed decision affecting the market, volatility and the dollar.  This morning I’m going to be closing down roughly 1/2 of my $NUGT positions.  They have very nice profits but are fairly illiquid so want lock in some gains and not feel the need to mess with them when things are moving fast.

Looks like the market is going to be strong this morning, so will likely reduce some $UVXY and $SVXY profitable positions.  If we get a nasty reaction like last time, I’ll have the opportunity to re-enter positions at better prices.