Expiring:
$AMZN 01/22/2016 740.00 calls (covered)
$AMZN 01/22/2016 540.00 puts
$NFLX 01/22/2016 115.00 calls
$NFLX 01/22/2016 120.00 calls
$NUGT 01/22/2016 45.00 calls
$SPX 01/22/2016 1745/1720 put spreads
$UA 01/22/2016 70.00 puts
$UVXY 01/22/2016 80.00 calls
$UVXY 01/22/2016 97.00 calls
No assignments this week.
Have a great weekend everyone. I hope you avoid the brunt of the storms on the east coast.
Just one this week
$SVXY 55 Calls expired.
Have a great weekend all
#OptionsExpiration
Expiring with max profit…
$ISRG 480/620 strangles
$UVXY 20 & 30 puts
$UVXY 70, 75, 80 calls
$VLO 74 call and 67 (covered) puts
$SPX 1995/2020 call spreads
$SPX 1750/1725 put spreads
No assignments – also, after hours fill on UVXY Feb 12th 29 put for .75
Have a great weekend everyone!
TOS doing an update tomorrow. save desktops
#OptionsExpiration – very good week with the late week recovery. No assignments this week. Posting early today. Spending the weekend in NYC enjoying the snow 🙂
— Expirations —
CMG (Weekly) Jan 22 2016 407.5 Puts
CMG (Weekly) Jan 22 2016 410 Puts
CMG (Weekly) Jan 22 2016 412.5 Puts
CMG (Weekly) Jan 22 2016 415 Puts
CMG (Weekly) Jan 22 2016 417.5 Puts
CMG (Weekly) Jan 22 2016 420 Puts
CMG (Weekly) Jan 22 2016 422.5 Puts (Covered)
CMG (Weekly) Jan 22 2016 425 Puts (Covered)
CMG (Weekly) Jan 22 2016 427.5 Puts (Covered)
NFLX (Weekly) Jan 22 2016 134 Calls
NFLX (Weekly) Jan 22 2016 135 Calls
NFLX (Weekly) Jan 22 2016 136 Calls
NFLX (Weekly) Jan 22 2016 137 Calls
NFLX (Weekly) Jan 22 2016 138 Calls
NUGT (Weekly) Jan 22 2016 45 Calls (Covered)
UVXY (Weekly) Jan 22 2016 20 Puts
UVXY (Weekly) Jan 22 2016 24 Puts
UVXY (Weekly) Jan 22 2016 80 Calls
UVXY (Weekly) Jan 22 2016 85 Calls
UVXY (Weekly) Jan 22 2016 97 Calls
WYNN (Weekly) Jan 22 2016 61 Calls (Covered)
WYNN (Weekly) Jan 22 2016 65 Calls (Covered)
$CMG #ShortPuts – With a number of short puts expiring today, I’m replacing them at a lower level. These expire before the next earnings report, which may be nasty.
Sold CMG Jan 29 2016 400.0 Puts @ 1.15/1.20/1.25 then dropped down a strike and
Sold CMG Jan 29 2016 395.0 Puts @ 1.15/1.20/1.25 then dropped down a strike and
Sold CMG Jan 29 2016 390.0 Puts @ 1.10
$UVXY #ShortPuts – Sold UVXY(Weekly) Jan 29 2016 31.0 Puts @ 0.11. Offsetting calls I’m holding for next week
I am still short stock from $VLO #Earnings play… assigned at 65.00, cost basis now 68.00.
Yesterday, Bought to close 100 shares for 64.00.
Today, STO VLO Feb 5th 73 call for .60.
Also have 74 call and 67 puts (likely) expiring tonight.
I will carry the position as more market volatility could bring lower stock prices to sell more puts or cover the stock position
STO Jan5 SPX 1960/1965 .75
#VXXGame STO $UVXY Feb 12th 29 puts for .60
STO $UVXY Feb 19th 29 puts for 1.05
Besides having numerous short calls that will expire worthless today, I have a good number of contracts that will expire next week. With today’s drop in $UVXY, I can now close out all of next weeks short calls for a total of $60. I might just do that this afternoon and just close them down. They are spread from $80 up to $95, so little chance of getting hit even if volatility spikes back up. If volatility does spike up, that money is available to be put to work in new positions instead of tied up waiting for them to expire.
#SPXcampaign Bought to Close $SPX Feb 5th 1615/1790 put spreads for .15. Sold on Wednesday for 1.25.
SVXY, I rolled all of my covered call positions from the 37 call to the 37.5 call for.90 to 1.00 in premium. I am under water on these but intend to roll up and out every week.
#Welcome – Hello, all… I’m proud to announce you can now enter simply “optionsbistro.com” (without the wordpress part) to navigate here. And the old way will still work so no need to change your bookmarks.
Also, please become a Member/Contributor if you are not already! Simply reply below or email me any time and I will send you an invitation. You can then make your own Posts and be part of the action.
Thanks all for your involvement and enthusiasm. Much more to come, and I’m always open to suggestions!
Jeff
$SPY STO March 18 200/205 BeCS for .94
#SPXcampaign, since I just closed the Feb 12th 2070 spread this morning, rolling it down with a new position.
Sold to Open $SPX Feb 12th 2015/2040 call spreads for 1.25, with SPX at 1903.
Taking a little profit on the bounce. Most biotech earnings still a week or so away. I may miss an earnings run but still happy with this.
Sold BIB stock @ 50.60
Bought earlier this week and last week @ 49.25, 47.90, and 45.50
#Earnings, last night I bought $SBUX stock as it spiked down after the close, at 57.90, 57.48, and 57.20. I have sold half of the position today at 58.00, 58.50, and 59.00. Holding the rest for now. This is a John Carter technique, the idea being that stocks can often have sharp spikes in both directions in the first minutes after release. You can thus set buy orders at the expected move area on stocks you believe should react positively to earnings, then sell once it moves up. In this case, SBUX didn’t recover after hours and stayed down overnight, but is now benefitting from a rallying market today, not to mention a record quarter (lower guidance was the reason for the dip).
$SPY STO Feb 19 198/203 BeCS @.76
STC SBUX BF 2.10 Bought last evening for .97
Still messing around with these a little.
Overnight fill:
Bought to close /VX @ 23.75 (sold for 24.25)
Earlier in the week picked up 35 ticks on another one so 85 ticks for the week is not bad. Trying to sell another one up in the 24.75-25.00 range. These seem to work pretty good especially against fairly aggressive sales of UVXY puts.
#SPXcampaign BTC $SPX Feb 12th 2070/2095 call spreads for .20. Could have closed for less but was going to let expire. Now I just want it out of the way with profit.
Against a bunch of call spreads…
Sold UVXY FEB 19 2016 29.0 Puts @ 1.11
Wednesday’s VIX candle shows a high-spike wick, which is often a sign of a correction bottom. Since we exceeded the Oct 2014 SPX low of 1820 on that day, watch for a possible recovery. Until we have multiple days of lower VIX closes, I will remain protective of downside risk and will sell call spreads. The true sign that new market highs could be coming will be VIX closing below 16.93 for three consecutive days.
Options Bistro 