Ramie 3:47 pm on Friday, January 8, 2016
Tags: OptionsExpiration ( 794 )

#OptionsExpiration and Adjustments for 1/8…

#OptionsExpiration and Adjustments for 1/8
Had to do some maneuvering and didn’t have a chance to post earlier.

Bought to close $NFLX Jan 8 114 puts @ 1.51 as the stock was falling through 113 earlier, to avoid assignment. Sold for 4.70 as a rollout on 12/14. Overall rolled position profitable by 1.17 per contract.

Rolled $NFLX Jan 8 115 puts down and out to next week–Jan 15 113 puts @ .76 credit. Booking a loss of 1.05 per contract on this roll.

Rolled $SVXY Jan 8 45 put out to Feb 5 45 put @ 1.94 credit. Booking a loss of 3.35 per contract on this roll.

Expirations:
$NFLX 01/08/2016 110 puts
$UVXY 01/08/2016 50 calls
$UVXY 01/08/2016 80 calls
$SPX 01/08/2016 2160/2185 call spreads
$SPX 01/08/2016 1865/1840 put spreads

No assignments this week. That won’t be the case next week if the market doesn’t turn around. Big January monthly expiration on Friday 1/15.

Have a great weekend everyone!

Option Iceman 2:17 pm on Friday, January 8, 2016
Tags: OptionsExpiration ( 794 )

#OptionsExpiration – some good some…

#OptionsExpiration – some good some bad. Out of $UVXY. Into $CMG and $WYNN

— Expirations —
CMG (Weekly) Jan 8 2016 395 Puts
NFLX (Weekly) Jan 8 2016 90 Puts
NFLX (Weekly) Jan 8 2016 95 Puts
NUGT (Weekly) Jan 8 2016 36 Calls

SVXY (Weekly) Jan 8 2016 48 Calls
SVXY (Weekly) Jan 8 2016 48.5 Calls
SVXY (Weekly) Jan 8 2016 65 Calls
SVXY (Weekly) Jan 8 2016 66 Calls
SVXY (Weekly) Jan 8 2016 70 Calls

UVXY (Weekly) Jan 8 2016 20 Puts
UVXY (Weekly) Jan 8 2016 50 Calls
UVXY (Weekly) Jan 8 2016 55 Calls
UVXY (Weekly) Jan 8 2016 60 Calls
UVXY (Weekly) Jan 8 2016 65 Calls
UVXY (Weekly) Jan 8 2016 70 Calls
UVXY (Weekly) Jan 8 2016 75 Calls
UVXY (Weekly) Jan 8 2016 80 Calls

— Assignments —
CMG (Weekly) Jan 8 2016 420 Puts
UVXY (Weekly) Jan 8 2016 40 Calls (Covered)
UVXY (Weekly) Jan 8 2016 41 Calls (Covered)
UVXY (Weekly) Jan 8 2016 42 Calls (Covered)
UVXY (Weekly) Jan 8 2016 43 Calls (Covered)
UVXY (Weekly) Jan 8 2016 44 Calls (Covered)
WYNN (Weekly) Jan 8 2016 61 Puts (Covered) – covered my short position
WYNN (Weekly) Jan 8 2016 60 Puts – puts me long again

Kelly 1:12 pm on Friday, January 8, 2016

#ToughMarket

BTC $UVXY Jan 8 $41 calls @ $0.50 when $UVXY was at $40.75 and market was sinking into the close. Sold for $0.51 so broke even, but this looked like a slam dunk a couple of hours ago. Sure glad I closed as $UVXY spiked from there.

Still trading very small and carefully.

STO $UVXY June $80 call @ $13.00

STO $UVXY Jan 18 $80 call @ $25.00

STO $UVXY Mar $165 call @ $2.95

Jeff 1:06 pm on Friday, January 8, 2016

Options Expiration 1/8/16

Expiring with max profit…
$SPX 1900/1875 put spreads (sold at close yesterday for 1.20)
$SPX 2030/2055 call spreads
$SPX 2060/2085 call spreads
$SPX 2090/2115 call spreads
$SPX 2100/2125 call spreads
$SPX 2175/2200 call spreads
$UVXY 22 puts
$UVXY 22/20 put spreads
$VLO 74 call
$VLO 67 (covered) put

Have a great weekend, everyone!

Jeff 12:59 pm on Friday, January 8, 2016
Tags: VXXGame ( 769 )

UVXY calls / VIX call

#VXXGame Added these at the close:
STO $UVXY Jan 22 80 calls for 1.50 (highest strike)
STO $UVXY Jan 15 100 calls for .30 (expire next week)
and…
STC $VIX Jan 19th 19 call for 6.20. Bought for 2.87 average in late December. Still holding 4 more into next week.

Jeff 10:58 am on Friday, January 8, 2016
Tags: ContangoETFs ( 446 )

more KOLD cut

#ContangoETFs Two-day rally in Nat Gas and $BOIL is likely to see some relaxing on Monday. Hoping $KOLD waits for another week before getting below 120, but it’s definitely headed there.

STO KOLD Jan 15th 114 put for 2.25
STO KOLD Jan 15th 110 puts for 1.30

mortlightman 9:12 am on Friday, January 8, 2016

BTO SPX Jan4 1800/1775 Put…

BTO SPX Jan4 1800/1775 Put 1.05 Debit spread. followed JEFF

Jeff 9:11 am on Friday, January 8, 2016
Tags: SPXcampaign ( 2,265 )

One last call spread

#SPXcampaign STO $SPX Feb 6th 2075/2100 call spreads for 1.40. That should be enough for today.

Jeff 9:06 am on Friday, January 8, 2016
Tags: SPXcampaign ( 2,265 )

Filled at 1.10 for the…

Filled at 1.10 for the long Put Debit Spread below. #SPXcampaign

Jeff 8:42 am on Friday, January 8, 2016
Tags: SPXcampaign ( 2,265 )

BUY a spread

#SPXcampaign Yes, that’s right. I am trying to buy the $SPX Jan 22 1800/1775 put spread. I missed my fill as this drop started happening, so I will try on the next bounce. As I believe 1900 and lower is in the cards for next week, I am adding the PURCHASE of spreads into the strategy on occasions where direction seems apparent, and the cost of purchasing is more than covered by selling call spreads. The intention here is not to bring the spread ITM, as I don’t expect 1800 by the 22nd. But this trade will make between 100% and 200% if we get down to 1900 next week. I will update if I get filled.

Jeff 7:39 am on Friday, January 8, 2016
Tags: SPXcampaign ( 2,265 )

Call spread closed

#SPXcampaign I had this GTC order in all week, but this one did not close at yesterday’s lows, and instead closed at today’s open. I think it goes to show that when volatility is high, call spreads have difficulty closing due to fluctuating prices, even as the index is sinking far away from the strikes.
BTC $SPX Jan 29th 2160/2185 call spreads for .10. Sold for 1.35 on 12/29.

Jeff 7:34 am on Friday, January 8, 2016
Tags: Welcome ( 22 )

New followers…

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