#SPXcampaign, regarding my $SPX Dec 11th 2035/2015 spread sold yesterday, went into the hole with it this morning but decided not to panic on a morning flush. Bounce now has it back below 3.00, so I will reinstate the stop now and get out if this rally is short-lived. Still looking to sell the call side for a condor.
Monthly Archives: December 2015
AutoZone’s (AZO) Q1 Earnings Beat…
AutoZone’s (AZO) Q1 Earnings Beat Estimates, Revenues in Line
http://finance.yahoo.com/news/autozones-azo-q1-earnings-beat-131301324.html
Good morning…
Well, perhaps the $VIX warning we got Friday will come to fruition before January. More volatility today as oil continues to plunge. At some point we should reach a capitulation point where oil has a rapid, massive sell off and then finally bottoms. For now, it seems to be dragging stocks down with it.
CMG: I told you I wasn’t ready
To eat there yet. Looks like I probably shouldn’t have been ready to sell puts on it yet either.
More illness/possible E.coli, this time in Boston. Shares got shmeissed again after hours.
http://www.reuters.com/article/us-chipotle-mexican-ecoli-idUSKBN0TQ2T520151207#Dg2XvF1YGjLt3S9m.97
A few trades
Sold $NFLX 12/18/2015 118.00 P @ 1.4
Sold $AMZN 12/11/2015 625/645 BUPS
Sold $NFLX 12/11/2015 118.00/124 BUPS
Sold $ SPXW 12/11/2015 2015 /2035 BUPS
/ES #Eminis
Continuing to rally after hours…volatility tanking 🙂
$SVXY
Just getting back to the desk. While I was away today the short Dec 18th 65 and 66 calls were bought to close at 0.25.
UVXY BeCS
Sold UVXY MAR 18 2016 55/75 Bear call spreads @ 1.25
DUST – just sold 1/2…
DUST – just sold 1/2 of the remaining stock put to me Friday at 16.77(Friday’s high)
Rolling XOP
With the Dec strike getting breached, I rolled my 32 puts out to Jan 32 puts for .80 credit.
Bought to close $XOP Dec 18 32 puts @ 1.36 (sold for .47 on 11/17)
Sold to open $XOP Jan 15 2016 32 puts @ 2.16
$DUST $NUGT
Wish I would have gotten in on Friday with you guy’s, but I’m sure glad I did pile in this morning. Always a little trepidation when “chasing” but really believed they would do what they are doing.
NFLX – just cracked -…
NFLX – just cracked – lower
$CMG: Not ready to eat…
$CMG: Not ready to eat there yet but I’ll take a chance on the stock right here
Playing today’s bounce as a possible shorter term low in the stock.
Sold Dec 18 475 put @ 1.60. Strike price is 2 standard deviations away and right around the 2 year low in the stock from May 2014. IV rank is high at 69.
TZA calls
#ContangoETFs STO $TZA Jan 15th 50 calls for 1.40. Every time this pops I sell some 50 calls in the next month, and every time I can cover for 80% of max profit a couple weeks later.
DUST – dumped most of…
DUST – dumped most of the long stock that I was put on Friday at 15.5 & 16.0 just now at 16.30
$UVXY calls in March
A #VXXGame trade. Sold $UVYX Mar 18 2016 165 calls @ 1.05. Highest strike.
BIB #401k
#401k – Bought this Thursday and sold it Friday last week similar to the XIV trade. Starting a new position here at the 50MA. Starting small leaving room to add if the 50ma doesn’t hold…that could possibly bring the August lows back into play…
DUST calls
#ShortCalls – Bought to close DUST DEC 18 2015 22.0 Calls @ .25 (sold for 1.65)
Still short 22 puts so looking to lay the calls out there again on any follow through. This was part of a short rolled straddle worth 5.45 total.
$SPX second test of 2067…
$SPX second test of 2067 area held for now, printing a higher low on the day.
Oil plunging…
All-time low in $USO.
$NUGT $DUST
I was away from the market almost all day on Friday, so had to chase a bit this morning to add some positions. You guy’s got better prices on Friday.
STO $NUGT June $70 calls @ $3.90
STO $NUGT Jan 15th $45 calls @ $1.25
STO $NUGT Jan 15th $50 calls @ $.95
STO $NUGT Mar $65 calls @ $1.75
STO $NUGT Mar $75 calls @ $1.30
STO $NUGT Jan’17 $75 call @ $6.90
First time trading $DUST so just dipping a toe
STO $DUST Jan 15th $10 puts @ $.45 (has never traded down to $10)
STO $DUST Dec 18th $13 puts @ $.45
KOLDer outside
#ContangoETFs New highs again… STO $KOLD Jan 15th 215 call for 7.10. Highest strike.
#SPXcampaign STO SPX DEC2 15…
#SPXcampaign STO SPX DEC2 15 (12/11/2015) 2010/1985 BuPS @1.10 early morning
$KOLD rolls
Rolled my ITM Dec positions out to January for credits and in the process made some tax moves, keeping the losses in 2015. Utilizing the TastyTrade strategy and rolling to the same strike, pulling in more credit than rolling up.
Rolled $KOLD Dec 18 115 call out to Jan 115 call for 2.08 credit
Rolled $KOLD Dec 18 118 call out to Jan 118 call for 2.41 credit
Rolled $KOLD Dec 18 136 call out to Jan 136 call for 5.12 credit
AZO earnings
#Earnings STO $AZO Dec 18th 700 puts for 2.95 and 800 calls for 2.30. Over last 12 earnings, (one day moves) Biggest UP move: 4.6% , Biggest DOWN move: -4.0% , Average move: 2.3% . 13-day moves: Biggest UP move: 6.5% , Biggest DOWN move: -5.4% . These strikes are 6.9% and 6.5% OTM respectively.
VLO covered put
STO $VLO Dec 31st 66 put for .85, against short stock.
/ES #Eminis
Missed the last 2 dips…Looking to cover a couple shorts once it regains the 20MA on 2 min chart. Trying to bounce a little here.
XIV #401k
Doing the same thing as last Thurs/Fri. Laddering in as it sells off…buying a few shares in #401k every 50 cent drop. Sold them on Friday so starting over here…
SPX put spread
#SPXcampaign STO $SPX Jan 8th 1910/1885 put spreads for 1.30, with SPX at 2077. This is the first of two put spreads and two call spreads I plan to sell this week for the Jan 8th expiry.
$SVXY
$SVXY BTC Dec 18th 67 Calls @ 0.20 this morning. Will reload after the FOMC meeting. Still waiting on stink fills for 65 and 66 calls.
$DUST #CoveredCalls – Sold DUST(Weekly)…
$DUST #CoveredCalls – Sold DUST(Weekly) Dec 11 2015 19.0 Calls @ 0.15. These expire Friday.
Followed Robert SPX 2065/2055 2.65…
Followed Robert SPX 2065/2055 2.65 for this Fri Debit spread
STO SPX this week 2030/2015…
STO SPX this week 2030/2015 1.00 added back calls closed Friday back to IC
SPX same-week condor
#SPXcampaign STO $SPX Dec 11th 2035/2015 put spreads for 1.25. Will add the call side with any move higher. Idea is to get 2.25 premium or better for the condor, with a 3.00 stop on each side, meaning max loss for the week is .75.
Good morning…
Possibly a volatile week ahead of FOMC next week. Last Thursday’s sharp, high volume decline followed by stunning reversal Friday demonstrate these are volatile markets, testing the nerves of index traders. Is this the new version of consolidation, with very wide swings? Don’t get whipsawed. Pick your entires carefully or find stocks and ETF’s that are immune to major market swings.
Today is Pearl Harbor Remembrance; a salute to our Veterans and to the Americans who fought or died, 74 years ago today.
Keurig Green Mountain (NASDAQ:GMCR) announces…
Keurig Green Mountain (NASDAQ:GMCR) announces it will be acquired by privately-owned JAB Holding Company for $92 per share in a deal valued at $13.9B. JAB Holding is an experienced collector of large consumer product brands.
GMCR stakeholder Coca-Cola (NYSE:KO) says it backs the buyout and indicates it will work with JAB to stay on as a major Keurig single-serve partner.
The deal is expected to close in the first quarter of 2016.
GMCR closed at $51.70 on Friday. Shares are currently on a trading halt, but will soon skyrocket.
Damn!!!
GMCR…
Hope everyone is long and no one is short! I am neither.
VIX, VXX – http://vixandmore.blogspot.com/2015/12/the-current-vix-etp-landscape.html
VIX, VXX – http://vixandmore.blogspot.com/2015/12/the-current-vix-etp-landscape.html
GM all
GM all
Expiring Full Profit
$SVXY 55 Put
$SVXY 45 Put
$NFLX 122 Put
$UVXY 23 Put
$SVXY 24 Put
$UVXY 55 Call
$UVXY 65 Call
Spreads Expiring Full Profit
$SPXW 2030/2035 BUPS
$AMBA 48/52 BUPS
Covered Calls
$AAPL 118 call Stock called away Still have a position in AAPL
$WMT 60.5 call expired. Will sell premium Monday
$FIT 29.5 call. Stock called away. $2 share loss
Straight Calls
$XOM 1/15/2016
80 call. Stopped out 41% loss
Thank you to everyone here
#Option Expiration
$SVXY #OptionsExpiration
Only one expiry for me
$SVXY 45 Put.
Have a great weekend all.
#OptionsExpiration
For 12/4
Expiring:
$SVXY 12/04/2015 50.00 puts
$UVXY 12/04/2015 50.00 calls
$UVXY 12/04/2015 22.50 puts
No assignments. Have a great weekend everyone.
#OptionsExpiration 12/4/15
$NXPI 75 puts
$SPX 2125/2145 call spreads
$SPX 2130/2155 call spreads
$UVXY 23 puts
$VLO 65 & 68.5 puts
$VLO 73 calls
Assignment:
$NXPI 85 calls, stock called away, leaving me flat in the name
Have a great weekend everyone! Thanks for everything.
#OptionsExpiration #Weeklys #Dec04 – Pretty…
#OptionsExpiration #Weeklys #Dec04 – Pretty good week for selling premium. The pain in DUST is more than offset by my gain in NUGT. I don’t expect DUST will stay down too long.
I have a full plate of positions for next Friday already, thanks to the volatility yesterday.
— Expirations —
GMCR (Weekly) Dec 4 2015 58 Calls
NUGT (Weekly) Dec 4 2015 35 Calls (Covered)
SVXY (Weekly) Dec 4 2015 55 Puts
SVXY (Weekly) Dec 4 2015 65 Calls (Covered)
SVXY (Weekly) Dec 4 2015 70 Calls (Covered)
UVXY (Weekly) Dec 4 2015 22.5 Puts
UVXY (Weekly) Dec 4 2015 23 Puts
UVXY (Weekly) Dec 4 2015 38 Calls (Covered)
UVXY (Weekly) Dec 4 2015 41 Calls (Covered)
UVXY (Weekly) Dec 4 2015 60 Calls
WYNN (Weekly) Dec 4 2015 55 Puts (Covered)
— Assignments —
DUST (Weekly) Dec 4 2015 15.5 Puts
DUST (Weekly) Dec 4 2015 16 Puts
Silver and Gold
#contangoetfs
STO $NUGT June 72 call for 4.10 (adding to my position, thanks @Ramie)
STO $ZSL May 40 puts for 1.30.
STO $ZSL Feb 45.5 puts for .90
Silver spiking today as well as gold, dropping ZSL to its lowest level since early November. These are now my only puts against a sizable short call position.
SPX Expire today 2140/2155 2005/1990…
SPX Expire today 2140/2155 2005/1990 total credit 220.00 net
$UVXY #ShortPuts – I sold…
$UVXY #ShortPuts – I sold so many calls for next week yesterday that I’m putting some puts in place as a balance.
Sold UVXY Dec 11 2015 21.5 Puts @ 0.22
Sold UVXY Dec 11 2015 21.0 Puts @ 0.15
NUGT: Adding to June position
Adding at the highest strike in June. Premium 1.00 higher than on Tuesday.
Sold $NUGT Jun 17 2016 72 call at 4.00.
BTC SPX Dec2 2005/1990 .35…
BTC SPX Dec2 2005/1990 .35 sold 12/2 1.15 will add it back early next week
VIX warnings
Today’s strength seems to indicate that the immediate downside danger is over. However, since these $VIX warnings fired twice within a month, it is likely there is some pain coming. These signals often can come weeks or months before a correction. With December often being a lighter, bullish month, be careful with your January positions as I would imagine more volatility is waiting until then.
STO SPX Dec2 2125/2135 .85…
STO SPX Dec2 2125/2135 .85 part of roll from this week
SVXY, I rolled my December 4, 60 calls out to December 11, 60 calls for 1.05 pickup in premium.
More rolling…
#SPXcampaign STO $SPX Dec 24th 2155/2180 call spreads for 1.35. This is partial roll out of Dec 24th put spread stopped yesterday. Will add more next week.
BIB #401k
Same strateegery as XIV. Bought it all the way down yesterday to the 50MA. Sold it today at breakeven price of my first purchase. Another overnight scalp for the #401k. Gotta love the volatility!
What a difference a day makes
#SPXcampaign STO $SPX Dec 31st 2165/2190 call spreads for 1.25. Second call spread for this expiry; first one was sold at Monday’s open (2175/2200).
STO SPX Dec2 2120/2135 1.10…
STO SPX Dec2 2120/2135 1.10 to make IC have 2005/1990 total Credit 2.20 net
UVXY Call spreads
Closing a sizable position in my #IRA just in case a better opportunity comes along in next couple weeks. I held this thing all through the August turmoil even when it went completely ITM. After watching this and seeing how stress free it was I think all my UVXY call trades from now on will be spreads. I think I can put them on a little less often for shorter duration and get out of them quicker and with less risk than being exposed to naked positions for months at a time. I’ll still go naked once in awhile but pick my positions carefully (like a 200 strike a year out for 50 bucks…LOL)
This has been a great strategy in my IRA with no losers and no stress. I think I’ll carry this over to my regular account also…
Bought to Close UVXY DEC 18 2015 70/90 Bear call spreads @ .06 (sold for 1.10)
$AMBA STO Dec 18 68…
$AMBA STO Dec 18 68 calls @.45. I have some common from some BuPS that went bad fast back in June. My cost basis is 70.
NUGT
#ShortCalls – Added one today so far…
Sold NUGT MAR 18 2016 65.0 Call @ 2.10
XIV #401K
Bought it all the way down yesterday as low as 27.10 and sold it all today at the breakeven point of my first purchase yesterday (29.50). Nice little quick overnight scalp for the #401k. Still holding a core position to hopefully sell up around 32.
With this jump today in…
With this jump today in SPX we are still in a down trend
so far just an inside day
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT Dec 11 2015 36.5 Calls @ 0.50. Just one of many new position I took in NUGT today.
These expire next Friday
$UVXY #ShortStrangle – didn’t notice…
$UVXY #ShortStrangle – didn’t notice this fill from yesterday
Sold 2 UVXY Dec 18 2015 20.0 Put @ 0.27 \Sold 2 UVXY Dec 18 2015 60.0 Call @ 0.83
Total Credit = 1.10
$SVXY #Coveredcall
BTC Dec 11 $65 calls @ $0.05
AMBA earnings
#Earnings BTC $AMBA Dec 4th 54 puts for .15. Sold as part of iron condor yesterday for .85. Took this off near the open; now can be left to expire or taken off more cheaply.
SPX, second part of that roll
#SPXcampaign STO $SPX Jan 8th 2175/2200 call spreads for 1.00. 1.5x position size, paired with 1890/1865 put spread below. Completes rollout of stopped Dec 31st spread.
$GLD $NUGT
Interesting that the dollar is rebounding some, Euro is pulling back a bit but Gold is making a much bigger move today than it did yesterday. Has $NUGT making a move.
SPX partial roll
#SPXcampaign STO $SPX Jan 8th 1890/1865 put spreads for 1.40. This is part of an iron condor roll from the stopped 12/31 put spread from yesterday. I will look to sell a call spread as well on further strength. This is 1.5x position size, seeking at least 2.15 in premium to make up for 3.30 cost of the the stop.
GM all
GM all
Crude oil…no cut in production…oil…
Crude oil…no cut in production…oil pricing under $40 could be downer for market
Jobs…
211,000 added in November, unemployment 5.0%. Probably gives Fed go-ahead to raise in December.
Good morning…
#VIXIndicator Yesterday The $VIX indicator developed for the #SPXcampaign fired a Downside Warning. This was due to a 25% rise over Tuesday’s close, and also a 50% rise from the latest VIX low on 10/28. This happened on Nov 13th as well, but then retraced back down as $SPX rallied. These are the first times since the indicator was developed that we have traded through it in real time. In backtesting, the Warning usually was followed by a correction, but sometimes it would be several weeks later. Today, we have the jobs report which could rally the market and nullify the signal, or it could lead to further downside. Watch your stops, protect your capital, take opportunities when they appear.
Sold SPX put spread for…
Sold SPX put spread for tomorrow. 2000/2010 for .40 cent credit. It may be there tomorrow and it could be risky. If I see something for next week that is too good to pass up I will try to post it.
Also did a 1 x 2 in gpro that worked well which I may do again but move down a little bit. I bought 1 19 put and sold 2 18.50 for a .40 credit. Currently slight ITM (which is fine). We will see what tomorrow brings. But if you look about 2 weeks out you can probably get the same kind of credit and I might consider starting a bit lower depending on what the chain looks like. If I put the trade on I will post it.
UVXY close puts
#VXXGame BTC $UVXY Dec 18th 20 puts for .15. Sold for .65 avg price. If this is the extent of the correction I want to be able to sell these again.
UVXY call spreads
#IRA – Sold UVXY DEC 18 2015 45/60 Bear call spreads @ .84
Options Bistro 