Gold actually had a pretty good day today, but GDX went nowhere. The over all selling frenzy that took over the market seems to have affected the gold minors as well even though gold was going up. That sets up for $GDX to possibly make some sort of a catch up move tomorrow.
Daily Archives: Wednesday, January 13, 2016
UVXY June
Sold $UVXY June 17 85 call @ 11.65. 85 is now the highest strike in June as well.
$UVXY
STO Jan 29 $85 Calls @ $1.50
STO Feb 5 $85 Call @ $2.50
STO Feb 19 $85 Call @ $4.00
STO Feb 26 $85 Call @ $5.00
More UVXY
#VXXGame STO $UVXY Jan 2018 85 call for 24.00
STO $UVXY March 18th 165 call for 3.00
Also, STC another $TLT long 123 call (Jan 15th) for 2.50.
SPX calls closed
#SPXcampaign BTC $SPX Jan 29th 2060/2085 call spreads for .20. Sold last Friday for 1.50.
This looks like a serious drop.
KOLD follow up
Closed this thing last week. Ended up with an inverted strangle (220put/120call) that had brought in 80 dollars after all the rolls. I could’ve rolled the entire thing out another month for about a 10 dollar credit but decided to close it and take the loss. Luckily one spread but still a loss…bright side is it could’ve been a lot worse due to the extreme margin requirements at TDA and now a ton of buying power released to use elsewhere!
NFLX puts
I have 100 calls for January that I thought for sure I would have to roll. Not so sure about that now. We’ll see. But in the meantime, I’m selling some puts below that level for Friday’s expiration. If these get in trouble I’ll have likely more than offset it by the profit on the calls.
Sold $NFLX Jan 15 97 puts @ .25. Expires Friday.
UVXY call spreads
Just a couple little quickies this morning…these keep working.
Bought to Close UVXY JAN 15 2016 55/70 Bear call spreads @ .14 (sold for 1.04)
Sold UVXY FEB 19 2016 60/70 Bear call spreads @ 1.05
Sold UVXY MAR 18 2016 65/75 Bear call spreads @ 1.10
Sold UVXY JUN 17 2016 70/80 Bear call spreads @ 1.10
TLT long calls, VLO short stock
#LongCalls Scaling out of $TLT Jan 15th 123 calls I bought for 1.42 avg back in Dec. Sold half the position today for 1.45 and 1.75. Also holding Feb 19th 123 calls which I will hold since I have more time.
#ShortStock Bought to cover a portion of my short $VLO stock position at 64.50, assigned at 65, cost basis currently 68.00. I have several short puts at 67.00, now one of them naked, but I trust we’ll be back up there soon.
TZA rolling
#ContangoETFs #Rolling one position and opening another one. The April positions started as Jan 50’s, then rolled to April 60’s, now rolled to July 65’s. I can do this all year (at least until I run out of expiries).
BTC $TZA April 60 calls for 9.00 (sold for 5.85 last Thursday)
STO $TZA July 65 calls for 10.40
STO $TZA April 85 call for 4.05 (order in to sell another at 5.05)
SPX long spread closed
#SPXcampaign STC $SPX Jan 22nd 1800/1775 put spreads for 1.20. Bought last Friday for 1.10.
SPX put spread
#SPXcampaign STO $SPX Jan 22nd 1810/1785 put spreads for 1.25
This spread is higher than the 1800/1775 I bought last week for 1.10. I will be closing that purchased spread today, as the window for profit is closing… I believe I can get out for at least breakeven today… I sold one of them for a double on Monday; now I can see that was my best chance to close all!
What Ramie said
#VXXGame
STO $UVXY Jan 15th 50 calls for .55
STO $UVXY Feb 26th 85 calls for 3.00
Another 1% down move in SPX but $VIX is barely budging.
Adding $UVXY calls
Thanks to vxxkelly for the heads up on the new strikes. I added a contract at the top of each week for Feb. Some of these were earlier fills so the premium is even higher now.
Sold $UVXY Feb 5 85 call @ 1.25
Sold $UVXY Feb 12 85 call @ 1.65
Sold $UVXY Feb 19 85 call @ 2.15
Sold $UVXY Feb 26 85 call @ 2.50
$UVXY
STO 3 Jan 22 $70 calls @ $0.40
Threading the needle
#ContangoETFs STO $KOLD Jan 15th 130 puts for 1.40.
KOLD between 130 and 150 is my sweet spot for January expiration… and then plummet below 100 for February expiry. Is that too much to ask?
$SPY sold #ironcondor Feb. 19…
$SPY sold #ironcondor Feb. 19 178/173/201/206 for 1.42
Indexes rolling over, TLT spiking…
Indexes rolling over, TLT spiking up
SPX call spread
#SPXcampaign STO $SPX Feb 12th 2070/2095 call spreads for 1.20.
Options Bistro 