$CHK – huge move today…

$BOIL #ShortCalls #NatGas – Along with my short Puts on KOLD, I also sold some calls on BOIL.
Sold BOIL Jan 15 2016 23.0 Calls @ 0.30
Sold BOIL Jan 15 2016 24.0 Calls @ 0.30
Sold BOIL Jan 15 2016 25.0 Calls @ 0.30
These expire in a bit more than 2 weeks.

SPX Spreads

#SPXCampaign – couldn’t get this posted earlier, but opened two call spreads and one put spread today.
STO $SPX Jan 08 2130/2140 BeCS for 0.45. Just completed iron condor by STO $SPX Jan 08 2000/1990 BuPS for 0.60. Total of 1.05 for iron condor for Jan 08.
STO $SPX Jan 15 2135/2145 BeCS for 0.70. Will be looking for put spread for iron condor here as well.

VIX Indicator status

#SPXCampaign – Based on the behavior of the $VIX in recent days, I am not convinced that we are moving much higher. Yesterday the VIX saw a healthy pop, even though the index pullback was minor. And today we are not seeing as much of a VIX drop as you would expect with such a bullish market. Last week we got two closes below the 78.6% Fib line, but the confirmation of upside bias was denied when the third consecutive day failed yesterday. Now we will see if it can get back below there today (15.80).

SPX IC roll

#SPXcampaign #Rolling #IronCondor
Rolling the earlier stopped call spread into an iron condor. Selling puts first, and will wait for higher price in index to sell calls.
STO $SPX Jan 8th 2000/1975 put spreads for 1.25.

$KOLD #ShortPuts #NatGas – some…

$KOLD #ShortPuts #NatGas – some of these may be assigned in about 2 1/2 weeks, but since I am short some Feb and May 136/140 calls, it’s all good.
Sold 1 KOLD Jan 15 2016 114.0 Put @ 2.40
Sold 1 KOLD Jan 15 2016 115.0 Put @ 2.30
Sold 1 KOLD Jan 15 2016 116.0 Put @ 3.20
Sold 1 KOLD Jan 15 2016 117.0 Put @ 2.70
Sold 1 KOLD Jan 15 2016 118.0 Put @ 3.90
Sold 1 KOLD Jan 15 2016 119.0 Put @ 4.10
Sold 1 KOLD Jan 15 2016 120.0 Put @ 4.30
Sold 1 KOLD Jan 15 2016 121.0 Put @ 4.70
Sold 1 KOLD Jan 15 2016 122.0 Put @ 4.90
Sold 1 KOLD Jan 15 2016 123.0 Put @ 5.20
Sold 1 KOLD Jan 15 2016 124.0 Put @ 5.50
Sold 1 KOLD Jan 15 2016 125.0 Put @ 5.80
Sold 1 KOLD Jan 15 2016 126.0 Put @ 6.20
Sold 1 KOLD Jan 15 2016 127.0 Put @ 6.60
These are horribly illiquid so sales need to execute on the opening on a big down day, like these did.

SPX call spread opened

#SPXcampaign STO $SPX Jan 29th 2160/2185 call spreads for 1.35, with SPX at 2074.

UVXY puts

#VXXGame STO $UVXY Jan 15th 22 puts for 1.10. Added to the 20 puts previously sold.

Closed IC This Week SPX…

Closed IC This Week SPX BTC 2010/2000 .10 – 2065/2075 6.20 lost 247 on this one.

SPX call spread closed

#SPXcampaign BTC $SPX Dec 31st 2085/2110 call spreads for 4.50. Sold last week for 3.90 as a roll. Will look to replace with a higher Jan 8th spread, but will wait as I believe we will move higher this week.

KOLD roll

#ContangoETFs #ReverseRoll
BTC $KOLD Jan 150 put for 21.00. Sold for 4.10 on 12/14
BTC KOLD Jan 140 put for 14.00. Sold for 3.10
STO KOLD Feb 110 call for 35.60 (ITM)
STO KOLD May 275 call for 7.00

BOIL popping

Sold $BOIL Mar 18 2016 25 covered call @ 1.50

Good morning….

Nat Gas futures up again… seems clear we are in a sustained bounce/rally, even as other energy still wavers. Not sure if the bottom is in, but if the upticks continue, and with the magnified effect on 2x ETF’s, $KOLD is set to collapse back below 100 with in a couple weeks. I am #ReverseRoll my way out of short puts, able to still sell calls above 200 and even 300 before they die a slow death. I was trying to get out of my 150 put yesterday but thought maybe we’d get a small pullback in Gas today. No such luck, and now KOLD is opening 12 points lower. No more waiting… closing 150 and 140 puts today. Fortunately, ITM calls, including the 150 CALL I sold for 64.00, are coming in nicely.

#ContangoETFs