Learn about the ETFs that OptionsBistro traders love, like UVXY, NUGT, and KOLD! The products that, by design, are dragged downward over time, giving traders an edge.
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$UVXY #ShortCalls #VXXGame – Staying small and at the highest available strike prices. Already short weeklys from 66 to 85 for the next few weeks
Sold 1 UVXY Sep 16 2016 75.0 Call @ 21.65
Sold 1 UVXY Jan 20 2017 170.0 Call @ 17.10
$DUST #ShortCalls – Sold DUST Jan 20 2017 55.0 Calls @ 3.90. Highest available strike price.
Now Short the Highest calls in both DUST and NUGT. I think they both expire.
NFLX Earnings Double Calendar 120/95 for 2.00 Jan 4 short, Jan5 long
$SPX I put in a Feb 8th 1625/1585 BuPS for 1.35 just after the low but wasn’t filled. I adjusted the premium up to 1.25 but the bounce was already in. Alas, a few minutes late on both entries. I was filled though after the close at 1.25. So I guess I wasn’t the only one late to the party . Have a great evening all.
Made a couple more tiny nibbles
STO Feb 5 $80 Call @ $3.50
STO Feb 12 $85 Call @ $4.00
Another Iceman-style “falling knife” type trade:
Sold $AAPL July 15 70 put @ 1.36. I’ll gladly add to my long position at 2013 prices.
#SPXcampaign STO $SPX Feb 18th 1625/1600 put spreads for 1.25.
On the pop in volatility, I added to the highest strike calls in 2/26.
Sold $UVXY Feb 26 85 call @ 5.50
Edit–added:
Sold $UVXY Jun 17 85 call @ 15.00 adding to position at highest strike in June
Added:
Sold $UVXY Jan 20 2017 170 call @ 17.00 adding to position at highest strike
#SPXcampaign BTC $SPX Feb 12th 2060/2085 call spreads for .20. Sold for 1.25 on Jan 11.
STC $VIX Jan 19th 19 call for 7.00. Bought for 2.87 in Dec. One more left I will sell by day’s end.
STO $UVXY Jan 22nd 70 calls for .65
STO $UVXY Jan 22nd 75 calls for .45
Will watch for any good OTM short call entries
$NFLX #earnings scratch off lottery play BTO Jan. 22 125/130 BuCS @ .49 low probability but I’ve blown $50 on bad meals
STO $KOLD August 265 call for 14.00
STO $DUST March 40 calls for 1.25
BTC $BOIL March 50 call for .05. Sold for 1.05 on Nov 5th
March strikes were added for KOLD, but highest strike is only 165, which is currently 5 points ITM.
Sold $DUST Mar 18 40 call @ 1.25
$SPY #rolling Rolled a Jan 22 195/190 BuPS all the way to April 15 195/185 for .83 credit, waited too long to act
#Earnings STO $NFLX Jan 22nd 85 puts for .75. Got .85 for one earlier, so I will sell some more if price moves lower. Over last 12 earnings reports, one-day Biggest UP move: 42.2% , Biggest DOWN move: -19.4% , Average move: 15.8% . This trade is 19.4% OTM.
$CMG #ShortPuts – these expire Friday and most are hedged with short Stock sold at higher prices
Sold 1 CMG Jan 22 2016 425.0 Put @ 1.35
Sold 1 CMG Jan 22 2016 427.5 Put @ 1.55
Sold 1 CMG Jan 22 2016 420.0 Put @ 1.15
Sold 1 CMG Jan 22 2016 417.5 Put @ 1.10
Sold 1 CMG Jan 22 2016 412.5 Put @ 1.10
Sold 1 CMG Jan 22 2016 415.0 Put @ 1.20
$CCL #Covered Calls
Sold $CCL Feb 19 52.50 Calls @ 1.12
$CCL up off support, already reported earnings, 5% return in a month if called away.
$WYNN #CoveredCalls – Sold WYNN JAN 22 2016 65.0 Calls @ 0.52. These expire Friday
$SPX Sold a 2030/2050 BeCS for 0.75. Stepping lightly. $SPX was at 1898. Will roll it up if it doubles in premium.
Still playing carefully. Market still feels very tenuous. Made a couple small trades once market seemed to firm up and start trading back higher, so certainly didn’t get the best prices, didn’t try. Filling in a couple rungs on the call ladders.
STO Jan 22 $65 calls @ $0.74
STO Jan 29 $82 calls @ $1.25
No love for the Gold Miners right now. Market goes down, they go down. Market goes up, they go down.
#SPXcampaign STO $SPX Feb 18th 2020/2045 call spreads for 1.45.
$NFLX #ShortCalls – sold all the following against long term short Puts. All my Jan 15 calls expired Friday.
Sold NFLX Jan 22 2016 135.0 Calls @ 0.37
Sold NFLX Jan 22 2016 136.0 Calls @ 0.34
Sold NFLX Jan 22 2016 134.0 Calls @ 0.41
Sold NFLX Jan 22 2016 137.0 Calls @ 0.32
Sold NFLX Jan 22 2016 138.0 Calls @ 0.30
#SPXcampaign STO $SPX Feb 18th 2025/2050 call spreads for 1.40.
STO This Fri SPX 1950/1955 .70
I will look to sell SPX call spreads today, and other shorting ideas. At some point we will rise out of this rut and going short will be the wrong play. Until that happens, this is the play that is working. I believe 1820 needs to be tested before the correction can end.
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