$AAPL I’m trying again to run a fig leaf option. I bought a July 2016 100 call for 9.80 and sold a Jan 2016 107 call for .55. I do need $AAPL to increase or tread water to be profitable. I’ll sell OTM calls through winter and spring. I am doing this with $FB ending next week and it has worked well. It was working very well prior to yesterday.
Daily Archives: Tuesday, January 5, 2016
UVXY #ShortCalls – new strike…
UVXY #ShortCalls – new strike prices up to 66 today in all the Feb cycles for UVXY. Sold some so I can watch them and know when the price goes up.
Sold 1 UVXY(Weekly) Feb 05 2016 66.0 Call @ 1.90
Sold 1 UVXY(Weekly) Feb 12 2016 66.0 Call @ 2.25
Sold 1 UVXY Feb 19 2016 66.0 Call @ 2.86
Managing iron condors and strangles…
Managing iron condors and strangles
Tasty Trade research from Dec. 30-data showing it’s wise to close them early, don’t wait for expiration. The discussion starts just before the 7 minute mark.
https://www.tastytrade.com/tt/daily_recaps/2015-12-29/episodes/iron-condors-varying-profit-targets-12-29-2015?locale=en-US
UVXY calls closed
#VXXGame BTC $UVXY Jan 15th 150 calls for .05. Sold for .85 on Dec 18th.
NUGT calls
Missed these earlier…held off the last couple days to see if it was really gonna bounce with a gold rally. Doesn’t look like it today.
Sold NUGT JUN 17 2016 50.0 Call @ 3.30
Sold NUGT JUN 17 2016 55.0 Call @ 2.80
UVXY puts
Back in…still mainly a hedge for a long SVXY position so don’t mind rolling them a few times.
Sold UVXY JAN 8 2016 29.5 Puts @ .96
$DUST straddle
Continuing to book one side and roll the other for a credit until this thing recovers. Not much left in these so rolling at the 45 day mark for Feb.
Rolled DUST Jan 22 puts to Feb 22 @ .80 credit (accumulated premium now up to 5.35)
Still sitting on the Jan 22 calls that were sold for 1.30. Once I’m out of those will be looking to sell 21 or 22 calls for Feb to reset the straddle.
SPX put spread roll
#SPXcampaign STO $SPX Jan 8th 1940/1915 put spreads for 1.50. Paired with call spreads sold earlier, all expiring this Friday.
$SVXY $UVXY
BTC SVXY Jan 29 $63 calls @ $0.05
BTC UVXY Jan 8 21.5 puts @ $0.02
SPX put spread
#SPXcampaign STO $SPX Jan 08 1940/1930 BuPS for 0.65.
SPX call spread
#SPXcampaign STO $SPX Feb 6th 2130/2155call spreads for 1.25.
STO $SPX MAR1 16 (3/4/2016)…
STO $SPX MAR1 16 (3/4/2016) 1750/1725 BuPS @1.55
SPX spread rolls
Whipsawing continues … sold $SPX Jan 8th 2060/2085 call spreads for 1.45. Was poised to sell 1940/1915 put spreads but was not filled before the index reversed upwards. Will look to sell put side on next down move.
$UVXY
BTC Jan 15 $21 puts @ $0.02, sold for $0.50
BTC Jan 8 $24.50 puts @ $0.02, sold for $0.51
#SPXcampaign STO $SPX MAR1 16…
#SPXcampaign STO $SPX MAR1 16 (3/4/2016) 1735/1710 BuPS @1.40
SPX puts stopped
#SPXcampaign BTC $SPX Jan 8th 2000/1975 put spreads for 7.25. Sold last week for 1.20. After another VIX Indicator warning yesterday, I will now only sell put spreads at extreme lows, like yesterday morning, where I was able to turn around a same-week spread in the same day. I will also be more aggressive with call spreads. Until we get a significant flush or correction with a high spiking VIX, I believe we will be in a continued down trend… no more buy the dips, but instead sell the rallies. I will stick with this until the market and VIX tell me something new.
UVXY puts
Staying aggressive hedging my SVXY puts…playing with a little house money after closing a decent size similar position yesterday.
Sold UVXY JAN 8 2016 29.0 Puts @ 1.15
Options Bistro 