$UVXY #ShortCalls – Sold 1 UVXY Jan 20 2017 170.0 Call @ 9.10
Monthly Archives: December 2015
UVXY
Sold the Jan. 2017, 170 calls for 9.00
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY JAN 15 2016 170.0 Calls @ 0.70. A ridiculous strike price.
SPX put spread STOP
#SPXcampaign BTC $SPX Dec 24th 1950/1925 put spreads for 2.90.
$UVXY #ShortCalls – just couldn’t…
$UVXY #ShortCalls – just couldn’t resist selling these for next week
Sold UVXY Dec 11 2015 70.0 Calls @ 0.30
Sold UVXY Dec 11 2015 60.0 Calls @ 0.47
Sold UVXY Dec 11 2015 55.0 Calls @ 0.60
$VIX Downside Warning enacted.
Be careful with holding spreads overnight and over weekend that are close to stops.
The non-farm payrolls in the morning could add to further volatility, or also cause a large bounce.
UVXY calls opened
#VXXGame STO $UVXY March 80 call for 4.40
STO UVXY Jan 2017 170 call for 8.75
These more than replace the ones I just closed and puts the danger comfortably farther in time and strike.
UVXY calls closed
#VXXGame BTC $UVXY Dec 11th 32 calls for 3.00. Sold for .75, .85, 1.00 yesterday. Will sell longer dated much higher calls to replace these.
VIX signal fired
The $VIX surpassed 18.34, which is 25% above Tuesday’s close. This is one of two signals we need to fire a Downside Warning on the #SPXcampaign. Next signal would be 19.20.
Additionally, this is the second time we’ve had signals fire since the VIX low on 10/28. A Warning did go into effect on 11/6, but since VIX retraced significantly that warning was nullified. However, because VIX has not reached a new low, we can consider any signals now slightly more urgent.
SPX stopped
#SPXcampaign BTC $SPX Dec 31st 1960/1935 put spreads for 3.30. Tried to get out at a lower price on the last bounce, but it was too minor. Will look to roll if we go lower today.
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT Jun 17 2016 72.0 Calls @ 3.30. Top of the chain
closed 2040/2030 IC lost 30.00
SPX This Friday 2020/2030 2120/2130
closed 2040/2030 IC lost 30.00
closed 2040/2030 IC lost 30.00
Sinking…
$VIX just peaked 2 cents shy of a downside signal, 18.34 is 25% above Tuesday’s close. $SPX hitting support level at 2050. May get a bounce here but no telling whether we go lower today or tomorrow.
$KOLD #ShortCalls – Sold 1…
$KOLD #ShortCalls – Sold 1 KOLD May 20 2016 215.0 Call @ 20.40 on the opening this morning
$UVXY #ShortCalls #VXXGame – sold…
$UVXY #ShortCalls #VXXGame – sold both these with slightly different risk profiles.
Sold UVXY Dec 11 2015 70.0 Calls @ 0.15 – ultra short-term play where the stock would have to almost triple in a week
Sold 1 UVXY Jan 08 2016 50.0 Call @ 2.24 – top of the chain, about a month out and a fat premium.
edit: Added
Sold UVXY Dec 11 2015 70.0 Calls @ 0.19
Sold 1 UVXY Jan 08 2016 50.0 Call @ 2.43
#SPXCampaign Yesterday opened STO Dec…
#SPXCampaign Yesterday opened STO Dec 4 $SPX 2030/2025 bull put spread @ .35. Earlier today STO 2105/2110 bear call spread @ .30 to complete IC.
IRA SPX STO Dec 4 2020/2015 bull put spread @ .30
PCLN 11 Hour trade STO Dec 4 1305/1310 bear call spread @ .50
KOLD reloaded STO Jan 15 114 put @ 3.40. thanks vxxkelly for the wake up.
$SVXY #ShortPuts – these are…
$SVXY #ShortPuts – these are the first Puts I’ve sold in a while in this name because being long the stock is challenge enough. But these look tempting for the next two weeks.
Sold SVXY Dec 11 2015 48.0 Puts @ 0.55
Sold SVXY Dec 18 2015 42.0 Puts @ 0.55
edit: also added
Sold SVXY Dec 11 2015 47.0 Puts @ 0.55
Sold SVXY Dec 18 2015 41.0 Puts @ 0.55
SVXY Naked calls
#ShortCalls – Bought to Close DEC 4 2015 59.0 Calls @ .30 (sold for 1.70)
/ES #Eminis
#Eminis – Nice day to have a couple of these short to stabilize the account. I keep ’em double covered with short puts for cost basis improvement. Currently covered puts at 2050, 2000, and 1975 with double coverage at the 1750-1850 area further out. I’d probably go long there anyway…
VLO covered puts
#Earnings #CoveredPuts STO $VLO Dec 24th 67 covered put for .85. I am short the stock, cost basis around 67.
NUGT: Short calls in March
NUGT: Short calls in March
AMBA earnings
#Earnings This one has had a big move down, so I’m playing it safe with a condor rather than naked. Short strikes are within its historical moves, but it has only has 11 quarters since IPO and the recent move down could mean a record move.
STO $AMBA Dec 4th 52/54/66/68 iron condors for .85. Biggest UP move: 8.6% , Biggest DOWN move: -8.5% , Average move: 4.4% . Short strikes are 10% OTM.
$UUP $NUGT
Dollar made a big move down on the ECB actions/comments. But, GLD barely wiggled. Starting to place a few more $NUGT short call orders. Spreads are kind of wide so we’ll see if I actually get any orders filled.
$UVXY $SVXY #VXXGame
The S&P seems to have bottomed and is now making a higher high, $UVXY pulling back so made the following trades.
STO $UVXY Dec 11 $40 calls @ $.45
STO $SVXY Dec 11 $50 puts @ $.50
Made no attempt to catch the bottom so didn’t get the highest possible fills. Waited for the market to tell me it was time to enter.
XIV #401k
Took over trading of my #401k Sept 1st once the rules changed at American. Now allowed to self manage 95 percent of it with no limit on number of trades. I’ve been using stock only with no options strictly with XIV and BIB playing the swings. Working so far with total account up 14 percent while never using more than one third at any given time.
Yesterday top ticked XIV when I dumped a tranche at 31.50 (smiley face).
Re-building the position now with orders in to buy a small amount every 50 cent drop all the way to the August low of 20. Love scaling in like this since at some point it will turn more than likely before it gets to 20. This will in total be a one third position. If we keep dropping from there I’ll start the second third and trade it. If we eventually get down to the 2011 low of 4 bucks I’ll have a nice cost basis…
$SVXY
$SVXY STO Dec 24th 50 Put @ 1.50 earlier this morning. May have been a bit quick on the send button.
$SPX
Stopped out of my Dec 11th 2150/2160 BeCS @ .10. Originally sold for 0.70 on 11/23. Stepping lightly until the big FOMC event.
$KOLD
STO Jan’16 $114 put @ $3.50
Single put at the lowest available strike.
SPX puts closed
#SPXcampaign BTC $SPX Dec 4th 2035/2105 put spread for 1.45. This was sold as a condor on Monday for 2.60. Calls will expire tomorrow. Decided to close early to take about 40% of profit and not have the concern from further downside, especially with jobs number tomorrow that could have any effect. I will have plenty to roll if we keep going down.
SPX Dec 31st puts
#SPXcampaign STO $SPX Dec 31st 1915/1890 put spreads for 1.25.
This is the second put spread for the week.
If weakness continues some rolling will have to happen.
$VIX levels to watch are 18.34 and 19.20. These are the next two signal levels for a downside warning.
SPX BeCS
Morning all. BTC my Dec 4th 2140/2150 BeCS @ .05 on a GTC order. Didn’t think to cancel it this morning. Oh well. ToS needs the comissions
AVGO earnings
#Earnings BTC $AVGO Dec 4th 120 puts for .05. Sold yesterday for 1.00.
This is yesterday’s 15 min…
This is yesterday’s 15 min chart with today’s support and resistance levels on it. Those levels are normally not apparent on the daily charts, but sometimes, those levels hold the SPX or at least act as points where the price consolidate for a while.
#SPXCampaign STO Dec 19 1980/1975…
#SPXCampaign
STO Dec 19 1980/1975 BuPS @ 0.40
AVGO EARNINGS
Getting to this late, but this one almost never moves down on earnings. You have to go back to Dec 2010 for its only significant down move, -6.5% Last 12 reports, Biggest UP move: 14.7% , Biggest DOWN move: -0.2% , Average move: 6.2% . This trade is 9.4% OTM.
STO $AVGO Dec 4th 120 puts for 1.00.
SPXCampaign STO Dec 4 $SPX…
SPXCampaign STO Dec 4 $SPX 2030/2025 Bull put spread @ .35 will probably open other side for IC tomorrow
$KOLD BTC $KOLD 100 put @ .50 sold on Nov 11 for 2.92 80% close 16 DTE early. Thanks optioniceman, jeff
SVXY Jan weeklies
Starting to fill in the first Jan weekly.
Sold $SVXY Jan 8 (weekly) 45 put @ 1.26.
TZA call spread
#ContangoETFs – Adding to some winners…was almost completely out of this ticker.
Sold TZA JAN 15 2016 45/55 Bear call spreads @ .92
#SVXY #ShortPuts #ScalpTrade – Sold…
SVXY #ShortPuts #ScalpTrade – Sold SVXY DEC 4 2015 55.0 Puts @ 0.55. Expires is 2 days
SVXY and UVXY in the #IRA
Couple small trades in the IRA…
Sold UVXY JAN 15 2016 45/60 Bear call spreads @ .78 (half position for now)
Sold SVXY DEC 11 2015 55.0 Puts @ 1.35
STO Dec2 2005/1990 1.15
STO $SPX Dec2 2005/1990 1.15
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold 1 UVXY Jan 08 2016 50.0 Call @ 1.67 . Highest strike
$UVXY #ShortCalls #ScalpTrade – Sold…
$UVXY #ShortCalls #ScalpTrade – Sold UVXY Dec 11 2015 70.0 Calls @ 0.12. Paired with short puts
UVXY calls
#VXXGame STO $UVXY Dec 11th 32 calls for .75, to offset 23 puts on same expiry. May add more if premium goes up. Won’t hold these if UVXY gets up toward 30; in that case I would roll into longer dated, much higher calls.
New Years Eve #VXXGame Sold…
New Years Eve #VXXGame
Sold $UVXY Dec 31 56 calls @ .70. Highest strike.
Is this down move a…
Is this down move a reaction to Fed?
SPX roll
#SPXcampaign STO $SPX Dec 24th 1990/1965 put spreads for 2.00. This is a roll from stopped spreads on 11/6. Does not cost much in margin since I already have extra call spreads on this expiry from an earlier roll.
KOLD puts
#ContangoETFs I’m a bit stretched margin-wise to sell more calls, but puts still going for great rates, and I get margin credit for selling them.
STO $KOLD Dec 18th 128 puts for 1.90, adding to my position.
Long Term VXX longs
#VXXGame Today I STC $VXX Jan 15 2016 20 puts for 3.35. I started buying these in December 2013, and added over the last two years. My average price ended up being 2.75. The best time to have sold them was a few months ago, before the August crash, when VXX hit new lows and these options traded for over 6.00. But I held on and time decay took its toll. I haven’t had a chance to buy 2017 puts because we are overdue for a reverse split, but I will try this again when the price is right for the 20 puts on $VXX or $UVXY, either 2017 or 2018 LEAPs. I am also long the VXX March 2016 25 put, bought for 5.00, now trading for 8.60.
Will it ever get KOLD again?
Sold Dec 18 200 (highest strike) for 2.00, with $KOLD at 162.
$NUGT $UVXY $KOLD $SVXY
Made several trades this morning.
$NUGT STO Jan’18 $38 call @ $13.40
$UVXY BTC Dec 11 $22 puts for very small loss. Making room next week to roll my Dec 4 $24 puts out and down to next week if I need to.
$KOLD BTC Dec 18 $185 call @ $4.30, very small loss. At the rate it is moving there is plenty of time for my call to get into trouble, so just stepping aside watching my short puts make money. May re-enter 1 week before expiration.
$SVXY BTC Dec 18 $61 put. Had nice profit and pretty close to ATM so just taking it off the table. Nearly all of my remaining puts are $50 and below.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Dec 24 2015 67.5 Calls @ 1.15. Short trading week for this cycle
$NUGT $DUST – sharp reversal…
$NUGT $DUST – sharp reversal from yesterday’s move. Short NUGT calls and DUST Puts looking good
STO Dec 12 SPX 2020/1995…
STO Dec 12 SPX 2020/1995 BuPS at $1.30; this completes the IC with the position I placed yesterday.
UVXY puts
#VXXGame Added a couple more at lows today. These are getting a bit frothy; may end up in a roll situation, but it may start getting tougher for it to go lower quickly.
Adding to positions:
STO $UVXY Dec 11th 23 put for 1.20
STO $UVXY Dec 18th 20 put for .75
Also short this week’s 23 puts.
#VXXGame #CoveredCalls – sold both…
#VXXGame #CoveredCalls – sold both of these as I keep adding during the stock’s recovery
Sold SVXY Dec 18 2015 70.0 Calls @ 0.30
Sold SVXY Jan 08 2016 70.0 Calls @ 1.40
#VXXGame #CoveredCalls – Sold SVXY…
#VXXGame #CoveredCalls – Sold SVXY Dec 31 2015 71.0 Calls @ 0.65. Jumped up to a slightly higher strike price
#VXXGame #CoveredCalls- Sold SVXY Dec…
#VXXGame #CoveredCalls- Sold SVXY Dec 31 2015 70.0 Calls @ 0.75. I will continue to add as long as the premium rises.
Edit: Added on at 0.85.
UVXY, new low
For the first time since August 4th, $UVXY just notched a new all-time low by breaking below 24.34. Four months is quite a stretch for this dog to have another day.
$VXX is still over 15% above its August 5th all-time low of 15.48.
$SVXY has once again been the laggard, as recently discussed by @vxxkelly; at 61.00 it is 37% below its June 24th all-time high of 98.13.
SPX puts closed
#SPXcampaign BTC $SPX Dec 17th 1890/1865 put spreads for .20. Sold as a roll on Nov 13th for 2.00.
SPX put spread
#SPXcampaign STO $SPX Dec 31st 1960/1935 put spreads for 1.30, with SPX at 2101. This is my first put spread of the week, having missed a fill on Monday’s weakness. Action looks bullish; I believe we will grind sideways to higher into year end. I doubt we’ll get a strong push higher, but I have kept all call spreads above 2130 to be safe.
#VXXGame – reports coming in…
#VXXGame – reports coming in after the close
Sold UVXY Dec 04 2015 23.0 Puts @ 0.43 – these hopefully expire Friday or can be covered for a penny
Sold UVXY Dec 31 2015 20.0 Puts @ 1.32 – another holiday shortened week.
#VXXGame #CoveredCalls – Sold SVXY…
#VXXGame #CoveredCalls – Sold SVXY Dec 24 2015 66.0 Calls @ 1.35.
#VXXGame – sold these hoping…
#VXXGame – sold these hoping to SVXY continues to rally. It’s working today (so far)
Sold SVXY Dec 18 2015 70.0 Calls @ 0.25 – adding on to my covered calls
Sold UVXY Dec 24 2015 20.0 Puts @ 0.88 – holiday shortened week.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Dec 31 2015 70.0 Calls @ 0.70
$DUST #ShortPuts – trying to…
$DUST #ShortPuts – trying to convince NUGT to rally some more –
Sold DUST (Weekly) Dec 4 2015 15.5 Puts @ 0.25
Sold DUST (Weekly) Dec 4 2015 16 Puts @ 0.35
These expire Friday.
#VXXGame – sold these in…
#VXXGame – sold these in an IRA hoping to convince SVXY to rally 10%
Sold SVXY Jan 08 2016 66.0 Calls @ 2.30
Sold UVXY Dec 11 2015 21.0 Puts @ 0.31
Sold UVXY Dec 18 2015 20.0 Puts @ 0.57
SVXY…closing one of my hedges
Bought to Close SVXY DEC 18 2015 65.0 Calls @ 1.10 (sold for 1.55)
Scaling back a little just in case we keep running…
NUGT calls
Sold $NUGT Jun 17 2016 72 calls @ 3.00. Highest strike.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Dec 18 2015 70.0 Calls @ 0.20
UVXY puts
$UVXY STO December 4 25/21…
$UVXY STO December 4 25/21 BuPS for 1.04, won’t mind owning down here for a week or 2.
Senate panel accused drug company…
Senate panel accused drug company Gilead of they knew many patients can not afford it but went ahead priced it at $1000/tab. and they don’t care about patients with hepatitis C. This is what I am afraid of that some drug companies CEOs will destroy other good drug companies by their exaggerated greed
STO Dec 12 SPX 2140/2165…
STO Dec 12 SPX 2140/2165 for $1.35 Credit.
Options Bistro 