Still bootstrapped to Oil. As soon as oil weakened, the market rolled over.
Monthly Archives: January 2016
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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.
BIB XIV and UVXY
Unfortunately tied up with the real job all week so missing the excitement. Did manage to add a few positions earlier:
BIB – bought stock at 45.50
XIV – bought stock at 17.10
Added to UVXY bear call spreads also…Feb 60/70 and Mar 65/75 and Jun 70/80.
Good luck everyone!
#ContangoETFs #vxxgame
Greetings everyone. Hope everyone is making it through this downdraft ok. My accounts have seen better times, but I’m still weathering the storm thus far. New contributor and really enjoy the site and learning about the #vxxgame in particular.
Current vxx positions all small. Some positions have been on a while.
Short Jan5 82 calls @1.05
Short Feb1 25 puts @.80
Short Feb ’16 21 puts @.76
Short Feb ’16 22 puts @.66
Short Jan ’17 170 calls @11.75 (underwater currently)
Closed Short SVXY 35 puts today @4.30 Originally sold @1.10 (Will look to roll these somewhere in the coming days)
Gold Miner positions:
DUST-Short Feb ’16 10 puts @.63
DUST-Short Feb ’16 34 calls @.65
DUST-Short March ’16 40 calls @1.25 (Got this idea from Bistro-thanks!)
NUGT-I was burned on some short 19 puts that I put on when it was pushing above 27. Will look to roll somewhere soon.
I put on ES future options spread last night around 9est. I tend to use these to hedge or in place of SPX Spreads during Vol markets.
Feb ’16 1800/1780 put spread bought @4.75 and sold at 6.75 before lunch. (Lucky to get out before the big reversal)
Also short some WMT Jan ’17 50 puts @2.13 back in early December. (Gave back a lot of profit on this in the last 13 days)
I have some XLE calendars I’ve been playing for months and also tend to day trade SPY options a few times a week.
I use daily and weekly options trade alerts to watch the big dogs to help determine direction and large bets in individual names.
$UVXY #ShortPuts – so I…
$UVXY #ShortPuts – so I wasn’t done after all … Sold a large number of UVXY Feb 19 2016 23.0 Puts @ 0.30. Strike is below the all time low on the stock. I really, really hope it gets close.
Bulls on Parade
According to TC2000 charting, we just hit the highest TICK reading since May 8th.
SPY now printing a hammer…
SPY now printing a hammer on the daily chart
Higher than average volume intraday reversal. Now we’re “only” down about 1.4%. Remaining cautious…
Ok, we hit 1820. Now…
Ok, we hit 1820. Now what? We might rally for a day or few, but if we come back down to test today’s lows again, be ready for 1700’s.
$XBI
$XBI went positive on the day. S&P 18 points off LOD. Maybe the margin clerks are done and can get a bit of relief into the close.
TZA roll
#ContangoETFs #Rolling Rolled short calls into a strangle
BTC TZA Feb 18th 70 calls for 7.95
STO TZA March 18th 80 calls for 7.15
STO TZA March 18th 50 puts for 1.00
$SPX
Closed the Jan 29th 2020/2030 bear call spread @ 0.05 when a good till cancel order filled. Originally sold for 0.80 on 1/14
$DUST #CoveredCalls #IRA – Sold…
$DUST #CoveredCalls #IRA – Sold DUST Feb 19 2016 27.0 Calls @ 1.41. Assignment of these would take me out of the stock position with a nice gain.
$UVXY
STO 1 Jan 29 $95.5 call @ $1.52
Treading extremely carefully as market feels like it has further to go. Staying very short term with my trades right now. It’s likely that I won’t make any more sales until Friday. Have quite a few contracts expiring this week so want to see those very close to expiration before I put on any more trades.
Stat break
Lowest day on SPX since February 2014 (we have exceeded Oct 2014 correction lows)
VIX hit 150% above Oct 28th low, and at a new high, beating Friday’s high (highest since 9/1/15)
Lowest day ever on USO, which started in 2006
SVXY lowest level since Dec 2012 (when I started #VXXGame!)
In sharp contrast, UVXY was this high only 3 months ago
$UVXY #ShortCalls #VXXGame – Just…
$UVXY #ShortCalls #VXXGame – Just about my last trades for the day in UVXY(or anything else).
I’ll be waiting for even higher strike prices above 95 in the weekly calls after today’s move. I’ll restart selling after this week’s positions expire.
Sold 1 UVXY Mar 18 2016 165.0 Call @ 4.10
Sold 1 UVXY Jan 20 2017 170.0 Call @ 20.10
TWTR bottom?
TWTR has been slaughtered since Jan 1, and hit new lows today. But after being down 9% yesterday, it has bounced today and is down only 2.4% while markets keep dropping. It’s valuation alone must becoming attractive. Is it a bottom?
put spread
#SPXcampaign Sold to open $SPX Feb 5th 1615/1590 put spreads for 1.25.
As we hit 3.5% down on the day, that will be the final spread I try. We will need some strong bounce days in the mix for these put spreads to survive. Today’s drop is the biggest of the year and VIX just hit its highest level since Sept 1st.
$SVXY STO Jan 22 32/28…
$SVXY STO Jan 22 32/28 BuPS @.80. I’ll take shares down here.
$SPY closed a Feb 19…
$SPY closed a Feb 19 197/206 BeCS managed at about 80%
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY JAN 22 2016 97.0 Calls @ 0.16 with the stock still below 57. These expire in 2 days
UVXY 1/29
Strange strike (95.50) at the top of the chain with everything else at 95.00.
Sold $UVXY Jan 29 95.50 call @ 1.35
calls closed
#SPXcampaign Bought to close $SPX Jan 29th 2000/2025 call spreads for .20. Sold last Thursday for 1.35.
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold 1 UVXY Feb 12 2016 95.0 Call @ 3.40. Completed my #OptionLadder for Jan/Feb at the top of the chain
$NFLX BuPS
STO Jan 22 92/90 BuPS for 0.25. Support continues to be at 100, IMO.
TZA rolling
#EarlyAssignment #Rolling #ContangoETFs
Although I have been rolling my $TZA position that started as a Jan 15th 50 calls, I did not roll my Jan 22nd 50 calls. One was assigned last night, so today rolled the whole position:
Assigned (1) TZA Jan 22nd 50 call
STC (100) TZA stock for 69.75
BTC (1) TZA Jan 22nd 50 call for 19.90
STO (2) TZA March 50 calls for 20.60
SPX put spread
Hard to pass this one up. Sold $SPX Feb 19 1600/1575 BuPS @ 1.30. Strike is 2 standard deviations away.
Added another 2 standard deviation put spread for this week:
Sold $SPX Jan 22 1745/1720 BuPS @ 1.30.
$SPX
$SPX Closed my Feb 2nd 1625/1885 BuPS @2.10, a 0.85 loss. Time to sit on my hands again. I considered rolling down and out but no bottom yet and I will not be around for Feb so just going to the sidelines here.
UVXY adds
#VXXGame Keeping these close to expiration, as not sure how high this can get in coming weeks.
Adding to positions:
STO UVXY Jan 22nd 70 call for 1.00
STO UVXY Jan 22nd 75 calls for .60
STO UVXY Jan 22nd 80 calls for .36
STO UVXY Jan 29th 95 calls for 1.00
NFLX closed
#Earnings BTC $NFLX Jan 22nd 85 puts for .05. Sold yesterday for .72 (avg price)
$UVXY #ShortCalls – using the…
$UVXY #ShortCalls – using the new higher strike prices to add small positions
Sold 1 UVXY Jan 29 2016 95.5 Call @ 1.03
Sold 1 UVXY Feb 05 2016 95.0 Call @ 2.10
Sold 1 UVXY Feb 19 2016 95.0 Call @ 3.95
Sold 1 UVXY Feb 26 2016 95.0 Call @ 5.00
SPX puts added
#SPXcampaign Sold to Open $SPX Jan 22nd 1750/1725 put spreads for 1.30. These are added to the ones I sold last week, so this is now a double position. Expires this Friday, unless we drop 100 points more.
UVXY strikes added up to 95 on weeklys
STO $UVXY Jan 29th 95 calls for 1.00
Contango ETF webinar – TODAY (Wednesday)
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.
If you have not previously replied, this is your chance… there are limited spaces remaining, so the first people to reply to this post will get the remaining slots. If you miss out, look for a recording that will be posted on this site for a limited time starting Thursday.
Thanks!
$UVXY #ShortCalls #VXXGame – Staying…
$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…
$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…
NFLX Earnings Double Calendar 120/95 for 2.00 Jan 4 short, Jan5 long
$SPX
$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.
$UVXY
Made a couple more tiny nibbles
STO Feb 5 $80 Call @ $3.50
STO Feb 12 $85 Call @ $4.00
$AAPL puts in July
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.
Put spread
#SPXcampaign STO $SPX Feb 18th 1625/1600 put spreads for 1.25.
UVXY calls
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
Calls closed
#SPXcampaign BTC $SPX Feb 12th 2060/2085 call spreads for .20. Sold for 1.25 on Jan 11.
Volatility
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
NFLX popping into earnings
Will watch for any good OTM short call entries
$NFLX #earnings scratch off lottery…
$NFLX #earnings scratch off lottery play BTO Jan. 22 125/130 BuCS @ .49 low probability but I’ve blown $50 on bad meals
ETF circus
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.
DUST calls
Sold $DUST Mar 18 40 call @ 1.25
$SPY #rolling Rolled a Jan…
$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
NFLX earnings
#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…
$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…
$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…
$WYNN #CoveredCalls – Sold WYNN JAN 22 2016 65.0 Calls @ 0.52. These expire Friday
$SPX
$SPX Sold a 2030/2050 BeCS for 0.75. Stepping lightly. $SPX was at 1898. Will roll it up if it doubles in premium.
$UVXY
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
$GDX
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…
#SPXcampaign STO $SPX Feb 18th 2020/2045 call spreads for 1.45.
$NFLX #ShortCalls – sold all…
$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
Call spread
#SPXcampaign STO $SPX Feb 18th 2025/2050 call spreads for 1.40.
STO This Fri SPX 1950/1955…
STO This Fri SPX 1950/1955 .70
Good morning…
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.
#OptionsExpiration #Jan15 #Monthlys – Substantial…
#OptionsExpiration #Jan15 #Monthlys – Substantial numbers of short Options expired, especially in BOIL, KOLD, DUST, NUGT, SVXY, and most especially in UVXY.
Of course, with Oil and the general market at yearly lows, a lot of short puts on individual stocks were assigned. A lot of covered calls are going to be sold on the next big rally.
— Expirations —
AVGO Jan 15 2016 100 Puts
BOIL Jan 15 2015 20 Calls (Covered)
BOIL Jan 15 201521/22/23/24/25 Calls
CMG Jan 15 2016 375/395/397.5/400 Puts
COH Jan 15 2016 27 Puts
CVX Jan 15 2016 75 Puts
DATA Jan 15 2016 65 Puts
DO Jan 15 2016 16.75 Puts
DUST Jan 15 2015 10 Puts
DUST Jan 15 2016 20 Calls (Covered)
DUST Jan 15 2016 75 Calls
EOG Jan 15 2016 60 Puts
FLR Jan 15 2016 40 Puts
KOLD Jan 15 2016 105/110/114/115/116 Puts
KOLD Jan 15 2016 117/118/119/120/120/121 Puts
KOLD Jan 15 2016 122/123/124/125/126/127 Puts
KOLD Jan 15 2016 200/215/225/310 Calls
KORS Jan 15 2016 35 Puts
LL Jan 15 2016 26 Calls
MYL Jan 15 2016 45 Puts
NFLX Jan 15 2016 90 Puts
NFLX Jan 15 2016 122.86 Calls
NFLX Jan 15 2016 125.71 Calls
NSC Jan 15 2016 70 Puts
NUGT Jan 15 2016 40 Calls (Covered)
NUGT Jan 15 2016 50/60/75 Calls
SVXY Jan 15 2016 30/32.5/35 Puts
SVXY Jan 15 2016 50 Calls (Covered)
SVXY Jan 15 2016 85/86/87/88/89/90 Calls (Covered)
URI Jan 15 2016 45 Puts
UVXY Jan 15 2016 20 Puts
UVXY Jan 15 2016 80/85/95/100 Calls
UVXY Jan 15 2016 105/110/115/140 Calls
UVXY Jan 15 2016 150/155/170 Calls
UVXY1 Jan 15 2016 120/155/185/199/195/200 Calls
WDAY Jan 15 2016 60 Puts
WYNN Jan 15 2015 65 Calls (Covered)
XOM Jan 15 2016 70 Puts
— Assignments —
APA Jan 15 2016 37.5/40 Puts
CHK Jan 15 2016 8 Puts
CMG Jan 15 2016 430/432.5/435/445/450 Calls – going short the stock
CNX Jan 15 2016 11/12/15/16 Puts
FCX Jan 15 2016 14 Puts
FTI Jan 15 2016 40 Puts
HP Jan 15 2016 55 Puts
JOY Jan 15 2016 21/26 Puts
KOLD Jan 15 2016 162 Calls – I’ll either go short or cover next week
MU Jan 15 2016 16 Puts
SUNE Jan 15 2016 8/11/12/17 Puts
SVXY Jan 15 2016 40 Puts – adding to a substantial long position in an IRA
SWN Jan 15 2016 18/19 Puts
TIF Jan 15 2016 70 Puts
TWTR Jan 15 2016 27 Puts
URI Jan 15 2016 57.5 Puts
VXX Jan 15 2016 26 Calls – Going short the stock
WDC Jan 15 2016 60 Puts
WMB Jan 15 2016 20 Puts
WYNN Jan 15 2016 65 Puts
#OptionsExpiration for January monthly Expired:…
#OptionsExpiration for January monthly
Expired:
$AAPL 01/15/2016 80.00 puts
$AAPL 01/15/2016 90.00 puts
$AMZN 01/15/2016 630.00 calls (covered)
$AMZN 01/15/2016 715.00 calls (covered)
$AMZN 01/15/2016 560.00 puts
$CMG 01/15/2016 375.00 puts
$CYBR 01/15/2016 35.00 puts
$DATA 01/15/2016 70.00 puts
$DE 01/15/2016 70.00 puts
$DUST 01/15/2016 45.00 calls
$DUST 01/15/2016 50.00 calls
$DUST 01/15/2016 75.00 calls
$FB 01/15/2016 100.00 calls
$FTI 01/15/2016 41.00 calls (covered)
$GMCR 01/15/2016 60.00 puts
$GMCR 01/15/2016 75.00 puts
$KOLD 01/15/2016 200.00 calls
$KOLD 01/15/2016 210.00 calls
$KOLD 01/15/2016 215.00 calls
$KOLD 01/15/2016 310.00 calls
$KOLD 01/15/2016 110.00 puts
$KOLD 01/15/2016 114.00 puts
$NFLX 01/15/2016 121.43 calls
$NFLX 01/15/2016 124.29 calls
$NFLX 01/15/2016 140.00 calls
$NFLX 01/15/2016 97.00 puts
$NUGT 01/15/2016 50.00 calls
$NUGT 01/15/2016 75.00 calls
$SVXY 01/15/2016 55.00 calls (covered)
$SVXY 01/15/2016 61.00 calls (covered)
$SVXY 01/15/2016 70.00 calls (covered)
$SWKS 01/15/2016 60.00 puts
$UVXY 01/15/2016 60.00 calls
$UVXY 01/15/2016 80.00 calls
$UVXY 01/15/2016 85.00 calls
$UVXY 01/15/2016 95.00 calls
$UVXY 01/15/2016 100.00 calls
$UVXY 01/15/2016 110.00 calls
$UVXY 01/15/2016 125.00 calls
$UVXY 01/15/2016 170.00 calls
$WHR 01/15/2016 120.00 puts
$XOM 01/15/2016 70.00 puts
$XOP 01/15/2016 37.00 calls
$ZSL 01/15/2016 92.50 calls
Assignments (going long stock):
$SVXY 01/15/2016 65.00 puts (as if I need any more of this)
$WMT 01/15/2016 67.50 puts
Have a great long weekend everyone. Is it February yet?
#OptionExpiration
Have a good WE to…
Have a good WE to all
#OptionsExpiration
$NUGT $31 calls
$UVXY $70 calls
$UVXY $95 calls
Closed out my higher Strike $UVXY calls and my $UVXY puts earlier in the week.
Have great weekend everyone.
Options Expiration 1/15/16
#OptionsExpiration
Expiring with max profit…
$DUST 22 and 23 calls
$KOLD 110, 114, 119, 120, and 130 puts
$KOLD 200 call
$NUGT 20 put
$NUGT 34, 45, 50 calls
$SVXY 30 put
$UVXY 20, 22, 23, and 35 puts
$UVXY 35/33 put spread
$UVXY 100, 110, 125 calls
$VLO 74 call
$ZSL 65/67.5 call spreads
$ZSL 70 and 72.5 calls
#Assignment
$KOLD 150, 155, 159, 160 calls, stock I bought today called away. Will sell roll positions in coming days.
Options Bistro 