#Fibonacciqueen #SPXcampaign Interesting fib graph on where the SPX has been and where it could go.
http://www.fibonacciqueen.com/public/SPX-updated-8.cfm
Monthly Archives: December 2015
RH earnings closed
#Earnings BTC $RH Dec 18th 75 puts for .10, sold for .95 yesterday.
BTC RH Dec 18th 100 call for .10, sold for .66 yesterday.
SPX put spread
I was pretty light on the put side so I decided to put this one on at close to 2 standard deviations away, and below the August low.
Sold $SPX Dec 31 1865/1840 BuPS @ 1.25
SPX Stop
#SPXcampaign BTC $SPX Jan 8th 1910/1885 put spreads for 2.95. Sold for 1.30 on Monday.
@GreenGhost is back again on…
@GreenGhost is back again on SMM/OMM. Jeesh!
RH earnings
#Earnings Looks like the $RH earnings report resulted in some after hours volatility but only a slight move down so far. Will be closing my 75 short puts today, and also will close a 100 short call that filled near the close for .66.
GM
GM
Good morning…
Futures dumped overnight, but a pretty decent retail sales report was just released. Wage growth and consumer spending on the rise. It all may not matter, however, as we have multiple VIX warnings piling up, and everyone is hanging on the Fed decision next week.
I have been studying the VIX indicator, and since 1999 there have never been three Warnings before a full correction occurs. I believe the only reason we are not much lower in the indices is because of the impending Fed decision. I am on the lookout for declines… when they start is harder to call.
$UVXY $SVXY – things may…
$UVXY $SVXY – things may settle down by the open, but I just saw UVXY above 34 (up 11%) and SVXY below 50.
Should be a fun day
stock index futures indicated a…
stock index futures indicated a broadly lower open on Friday as traders looked towards the release of a set of data that will provide one last look at the mood of consumers before Federal Reserve officials meet next week to consider the first rate hike in nine years.
Dow futures briefly fell about 150 points — and held about 130 points lower — ahead of the release of some key data points.
Retail sales and PPI are due at 8:30 a.m. ET, with business inventories and consumer sentiment scheduled for release at 10:00 a.m.
$QQQ Bought a January 15…
$QQQ Bought a January 15 Put Butterfly sold 2 110 puts, bought a 114 put and bought a 106 put for a debit of .61, profitable between 106 and 113, not an original idea of mine.
SPX call spread roll for profit
#SPXcampaign BTC $SPX Dec 17th 2165/2190 call spreads for .10. Sold for 1.25 on Nov 17th.
STO $SPX Dec 17th 2125/2150 call spreads for 1.20.
This is basically taking profit on one spread then selling another spread as a bonus, but it can also be looked at as rolling for profit. I know the FOMC minutes next week could send markets soaring, but I will be okay with having to deal with the call side, since the put side has been the troubled side lately.
BTO FXE Puts Dec 108…
BTO FXE Puts Dec 108 @1.38 when price was 107.19
BIB…again
3rd time this week…mostly out of boredom but starting to add up. Trading the bounce off the 50 and rejection off the 21ema as it consolidates.
Bought double size positions yesterday at 66.60 and 65.60. Sold it all at 67.60 today. Adds up nicely in the #401k.
Main position in regular account is short Dec 75 puts that I’ve been rolling out but not down for a couple months. Doubling down bullish by rolling short Feb 50 puts up to Feb 70 for 6.40 credit. (yesterday). Breakeven on Dec position is 69.15 and 61.50 on the Feb position. Leaving Jan open for probable roll of the 75’s again. Gradually adding nice premium each month while the politicians bad mouth those evil drug companies…LOL
BTO Dec 24 EA 67…
BTO Dec 24 EA 67 Put at $2.30 Another Squeeze play.
Scott Redler @RedDogT3 Art Cashin…
Scott Redler @RedDogT3
Art Cashin says this is the toughest market he’s seen in 50 years. And he’s one of the best in the business
$WYNN $NFLX #ShortPuts #ScalpTrade -…
$WYNN $NFLX #ShortPuts #ScalpTrade – sold a couple of options that expire tomorrow
WYNN Dec 11 2015 61.5 Puts @ 0.11
NFLX Dec 11 2015 115.0 Puts @ 0.15
KOLD sore
#ContangoETFs Adding more puts to offset the pain-in-my-side short calls:
STO $KOLD Dec 18th 149 puts for 1.90
STO $KOLD Feb 19th 110 puts for 3.15
$YUM yesterday sold a January…
$YUM yesterday sold a January 15 iron condor Tasty Trade 70/65(puts) 85/80 for 2.04
BTO Jan 8/16 EXPE 128…
BTO Jan 8/16 EXPE 128 Call at $2.80
BTO Jan 10/16 HON 105 Put at $4.25
Both on a daily squeeze and also on a monthly squeeze.
RH earnings
#Earnings STO $RH Dec 18th 75 puts for .95. Biggest UP move: 16.1% , Biggest DOWN move: -11.9% , Average move: 8.7% . This trade is 13.8% OTM. Keeping position small as I don’t trust the market. May add 105 calls on some strength.
SPX same week call spread
#SPXcampaign STO $SPX Dec 11th 2085/2110 call spreads for .75. After missing the chance yesterday, I still wanted to get some credit on the non-threatened side of this week’s condor. Still perilously holding the 2025/2000 puts.
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.
ES -40 from high today!!
ES -40 from high today!!
AZO calls closed
#Earnings BTC $AZO Dec 18th 800 calls for 3.85. Sold on Monday as part of 700/800 strangle for 5.25. Order in to close puts for .20.
SVXY naked calls
Bought to Close SVXY DEC 18 2015 60.0 Calls @ .60 (sold for 1.75)
SPX put spread
#SPXcampaign At 9:20 PT, STO $SPX Jan 8th 1870/1845 put spreads for 1.25.
$VIX Downside Warning fired again
#VIXIndicator Third time since 11/13.
AZO down…
Glad I didn’t get a fill on selling an ITM put yesterday. 800 calls looking better.
SVXY naked calls
Bought to close SVXY DEC 11 2015 58.0 Calls @ .20 (sold for 1.25)
VLO covered put
STO $VLO Dec 31st 66 put for 1.00, against short stock.
VIX signal fired
$VIX just hit 19.20, which is 50% above the October 28th low of 12.80. If we hit 19.80, that will be 25% above Tuesday’s close, which will be a second signal and yet another Downside Warning.
SPX fail, VIX Indicator
Wow, had to step out briefly…. not only did I miss call spread fill, I missed my stop on the put spread. What a bad morning to have to step away!
Next $VIX Indicator signals are 19.20, then 19.80.
$WYNN #ShortPuts #Rolling – for…
$WYNN #ShortPuts #Rolling – for safety I covered my short Dec 65 Puts @ 1.00 and replaced with several more Dec 60 Puts @ 0.45. This ratio roll actually brought in additional cash.
STO TLT Dia Feb19 124…
STO TLT Dia Feb19 124 BTO Jan15 119 Puts for 3.75 Crd. Max risk is $184 Max profit is $375
Another Trade
STO $AMZN 1/15/2016 610/620 BUPS@ 1.2
Trades
STO $NFLX 1/15/2016 110/120 BUPS $2.5
STO $KMI 1/15/2016 15Put @.5. Thank you Ramie
STO $UVXY 12/18 45 call @ .6 Thank you vxxkelly
STO SPXW 12/11/2015 2130.00/2105.00 call @ 1.00. Thanks Jeff
Crude oil inventories report at…
Crude oil inventories report at 10:30
$AMZN
$AMZN STO Jan 600/610 BuPS @ 1.15. Muffed the submission a bit and didn’t get the better fill.
STO Jan2 SPX 2160/2175 1.25…
STO Jan2 SPX 2160/2175 1.25 to make IC
SPX condor
Pulled of the 2105 spread orders, now trying for 2110/2135
STO SPX DEC2 15 (this…
STO SPX DEC2 15 (this Friday) 2000/1975 BuPS @.85 early in the morning
STO SPX JAN4 16 (1/15/2016)…
STO SPX JAN4 16 (1/15/2016) 1875/1850 BuPS @1.55
KMI bottom?
Not my usual kind of trade because I’m selling puts on a big up day but I think with the dividend cut out of the way the stock looks to have possibly found a bottom. I’m willing to take the chance that 15 is in the rear view mirror so I put on a speculative put sale in January.
Sold $KMI Jan 15 2016 15 puts @ .67 (average). The IV is 67 which around its 90th percentile, so premium is still rich this morning.
$DUST #ShortPuts – going back…
$DUST #ShortPuts – going back to the well again on DUST. Still trying to force NUGT higher …
Sold DUST (Weekly) Dec 11 2015 15 Puts @ 0.50. These expire Friday
SPX same week condor
#SPXcampaign Since I bollocksed up the first one by selling only the put side too early on Monday (stopped out yesterday), trying this again with much less time for things to go wrong.
STO $SPX Dec 11th 2025/2000 puts spreads for 1.50.
Selling SPX Dec 11th 2105/2130 call spreads, working on a fill for .70 or higher. If I can’t get that I will drop down to 2100/2125.
I think we will continue these volatile swings into next week’s FOMC, but this week’s wildness shouldn’t threaten these strikes. Nonetheless, stop will be set at 2.50 for each side.
$WYNN leaps higher this morning.
$KOLD may have finally run out of gas 🙂
$NUGT
Big move up this morning. Dollar made a big drop overnight so rippling thru to gold. $DXY and $UUP now seem to be bouncing higher so if that continues it should temper the $NUGT move
SPX call spread
#SPXcampaign STO $SPX Jan 8th 2160/2185 call spreads for 1.25, with SPX at 2060. This is the first of two call spreads I will sell for this expiry.
BTC SPX Dec2 2120/2135 .10…
BTC SPX Dec2 2120/2135 .10 top of IC
GM all
GM all
Inverted Strangles video
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”
https://www.tastytrade.com/tt/learn/strangle?locale=en-US
AZO on fire
#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.
BIB quickie #401k
#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 #ShortCalls #VXXGame – Sold UVXY DEC 24 2015 70.0 Calls @ 0.39. Top of the chain.
KOLD calls hurting
#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…
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
$SVXY STO an initial position Dec 31st 45 Put @ 0.95.
JC commented we should trade…
JC commented we should trade violently sideways until FED decision
SPX spread STOPPED
#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 SPC Jan2 1930/1915 1.15
$UVXY
STO Dec 18 $45 calls @ $0.62
STO Jan 15 $65 calls @ $1.10
$TWTR I have 2 Dec…
$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 #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…
STC Dec2 2065/2055 Put spread 210 profit bought yesterday for 2.65
$SVXY
STO Jan’16 $35 puts @ $0.55
SVXY put #IRA
#IRA – Just one for now…
Sold 1 SVXY JAN 15 2016 55.0 Put @ 4.80
$UVXY #ShortCalls – Sold UVXY…
$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
$NUGT
STO Jan’18 $45 call @ $13.00
Options Bistro 