This recording has expired. It was I held on Jan 20th and was posted here for one week. It will return, as we’ll as other webinars. If you have questions or comments, you can reply to this post. Thanks.
Daily Archives: Thursday, January 21, 2016
Some additions
Added some Feb UVXY montly 25 put strikes. @.35 avg.
This market is a bear until it shows me otherwise so trying to add negative spy weighted deltas to my #vxxgame positions.
Also, took my short 50 WMT puts when I had .35 profit back on the pop. Playing conservative and taking positive detas off the table in some areas.
Looking for that maple tree…
Looking for that maple tree ETF ticker
$BIDU #ironcondor STO Feb. 5…
$BIDU #ironcondor STO Feb. 5 180/185/165/160 for 2.14. Earnings are the week after according to TDA
BTO SBUX BF Jan4 61/58/55…
BTO SBUX BF Jan4 61/58/55 Puts for .97 earnings trade
BTO SPX Feb4 1675/1650 Puts 1.00
$SWN $RRC – huge moves…
$SWN $RRC – huge moves in these today
$UVXY
BTC Jan22 $60 calls @ $.25, sold this morning for $1.00
Got 75% of max profit in a few hours so took these back off the table so in case oil does something crazy tomorrow, I won’t have to worry about these.
$NFLX put spread closed.
Closed $NFLX Jan 22 92/90 put spread that I sold yesterday for 0.25 and closed today for 0.04.
Might expire all worthless tomorrow, but would rather take it off for this profit as this market is still very nervous.
To calculate the probability of…
To calculate the probability of winning of any vertical spread use the following:
Prob Win% = Max Loss per position / Strike Difference.
So Jeff spread at 1990/2015 is a 25 pt. spread his max loss = 2500 – 125 = 2375.
His prob of Win = 2375/25 = 95%
another call spread
#SPXcampaign Sold to Open $SPX Feb 5th 1990/2015 call spreads for 1.25. In this market I have been making many round trips in each expiration, as the wild swings allow entry then a cheap exit a few days (or hours) later.
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold 1 UVXY Jun 17 2016 110.0 Call @ 11.20. Unable to resist the urge to sell these.
$SVXY Closed the short leg…
$SVXY Closed the short leg for .10 of a Jan 22 32/28 BuPS, I’m keeping .70 of the .80 I received yesterday.
LONG put spread
#SPXcampaign Bought to open $SPX Feb 5th 1675/1650 put spreads for 1.10. This is for our possible trip below 1800 tomorrow or next week. This spread should at least be a double if we go there. If not, it is a smaller loss than all of the credit spreads I have been selling.
ISRG Earnings
#Earnings Sold to Open $ISRG Jan 22nd 480/620 strangles for 2.40. Over last 12 earnings, Biggest UP move: 17.7% , Biggest DOWN move: -11.5% , Average move: 6.9% . These strikes are 11.4% (puts) and 14.4% (calls) OTM.
#Market
Still bootstrapped to Oil. As soon as oil weakened, the market rolled over.
ETF Webinar Recording
This video has expired for now. Look for it and other webinars to return soon.
I finally have an internet connection. I feel like I am living large now.
Excuse the testing…
Hey all, I know some of you may be getting emails with “Tests” and other posts… don’t worry about them, I’m just working on some functions. Site seems to be working fine, just a slow trading day so not many people are posting. Thanks!
$SVXY
During yesterday’s chaos, I forgot this trade.
BTC June $80 calls @ $.05
Protected: This is a password test
$NFLX
$NFLX Stopped out of my Feb 12th 95/100 BuPS when it hit 2.00, some where around the bounce at 102.10. Just not sure if I want to risk getting back in. Maybe hunker back down in the foxhole and have another tin of biscuits.
$UVXY
STO Jan 22 $60 calls @ $1.00 Expires tomorrow. Wouldn’t normally trade this close but market seems more stable today and even in the rout yesterday with S&P down 65, $UVXY never got to $60. If there was more than 1 more day to go, I would not have done this, but with expiration tomorrow, seemed like an acceptable R/R
Call Spread
#SPXcampaign STO $SPX Feb 18th 2010/2035 call spreads for 1.25. Will wait to sell more if we rally a lot higher today.
UVXY
UVXY – new strikes up to 110. Should be fun to sell next week
$NFLX I think it is…
$NFLX I think it is safe to say that my #earnings Jan. 22 125/130 for .49 BuCS isn’t going to pay off. Shattered dreams.
Options Bistro 