$AAPL STO Feb. 19 97.50/95 BuPS @.82
$SPY Feb 19 iron condor 208/213/184/179 for 1.23
both trades from Tasty Trade
Monthly Archives: January 2016
UVXY call spreads #IRA
Replacing some Jan’s that should expire next week in the #IRA …
Sold UVXY FEB 19 2016 45/55 Bear call spreads @ 1.20
/ES #Eminis
I’m short an emini with a basis of 2042.50 that’s covered by a 2020 put. This will probably get exercised this week so need to re-establish this hedge but at a much higher level. On the little bounce this morning:
SOLD /ES FEB 16 2040 CALL @ 22.75
Figuring if we get up to that level I’ll take the short position and cover it with a put to end up with a basis near 2090. By then SVXY should be rockin’…if not then I pocket a few shekels.
UVXY puts
Moving out a week and re-establishing my hedge for short UVXY calls (and call spreads) and short SVXY puts. Hopefully these get in trouble!
Sold UVXY JAN 15 2016 28.0 Puts @ 1.04
$UVXY #ShortCalls – Sold these…
$UVXY #ShortCalls – Sold these on the open. Wasn’t sure UVXY was going to top out at 34 yet again, but it did.
Sold 1 UVXY Feb 05 2016 66.0 Call @ 2.26
Sold 1 UVXY Feb 12 2016 66.0 Call @ 2.66
Sold 1 UVXY Feb 19 2016 66.0 Call @ 3.20
All these expire Friday and are paired with long stock
Sold 2 UVXY Jan 08 2016 40.0 Calls @ 0.65
Sold 2 UVXY Jan 08 2016 41.0 Calls @ 0.60
Sold 2 UVXY Jan 08 2016 42.0 Calls @ 0.55
UVXY puts…again :)
Bought to Close UVXY JAN 8 2016 29.5 Puts @ .45 (sold for .96 yesterday afternoon)
$VXX #ShortCalls – Sold VXX…
$VXX #ShortCalls – Sold VXX JAN 15 2016 26.0 Calls @ 0.38. Even the early December VXX spike petered out at 24.20.
On that same spike UVXY got to 43.
$AAPL July puts
Sold $AAPL July 15 75.00 puts @ 1.40
$NUGT #ShortCalls #Weeklys – Sold…
$NUGT #ShortCalls #Weeklys – Sold NUGT Jan 29 2016 40.0 Calls @ 0.55
$CMG #ShortPuts #ScalpTrade – Sold…
$CMG #ShortPuts #ScalpTrade – Sold CMG Jan 08 2016 395.0 Puts @ 0.35 with the stock at 440. These expire Friday
$UVXY
STO Feb 5 $66 call @ $2.02
STO Feb 12 $66 call @ $2.56
STO Feb 19 $66 call @ $3.20
STO Jan 8 $41 calls @ $0.51 (expires friday)
$AAPL I’m trying again to…
$AAPL I’m trying again to run a fig leaf option. I bought a July 2016 100 call for 9.80 and sold a Jan 2016 107 call for .55. I do need $AAPL to increase or tread water to be profitable. I’ll sell OTM calls through winter and spring. I am doing this with $FB ending next week and it has worked well. It was working very well prior to yesterday.
UVXY #ShortCalls – new strike…
UVXY #ShortCalls – new strike prices up to 66 today in all the Feb cycles for UVXY. Sold some so I can watch them and know when the price goes up.
Sold 1 UVXY(Weekly) Feb 05 2016 66.0 Call @ 1.90
Sold 1 UVXY(Weekly) Feb 12 2016 66.0 Call @ 2.25
Sold 1 UVXY Feb 19 2016 66.0 Call @ 2.86
Managing iron condors and strangles…
Managing iron condors and strangles
Tasty Trade research from Dec. 30-data showing it’s wise to close them early, don’t wait for expiration. The discussion starts just before the 7 minute mark.
https://www.tastytrade.com/tt/daily_recaps/2015-12-29/episodes/iron-condors-varying-profit-targets-12-29-2015?locale=en-US
UVXY calls closed
#VXXGame BTC $UVXY Jan 15th 150 calls for .05. Sold for .85 on Dec 18th.
NUGT calls
Missed these earlier…held off the last couple days to see if it was really gonna bounce with a gold rally. Doesn’t look like it today.
Sold NUGT JUN 17 2016 50.0 Call @ 3.30
Sold NUGT JUN 17 2016 55.0 Call @ 2.80
UVXY puts
Back in…still mainly a hedge for a long SVXY position so don’t mind rolling them a few times.
Sold UVXY JAN 8 2016 29.5 Puts @ .96
$DUST straddle
Continuing to book one side and roll the other for a credit until this thing recovers. Not much left in these so rolling at the 45 day mark for Feb.
Rolled DUST Jan 22 puts to Feb 22 @ .80 credit (accumulated premium now up to 5.35)
Still sitting on the Jan 22 calls that were sold for 1.30. Once I’m out of those will be looking to sell 21 or 22 calls for Feb to reset the straddle.
SPX put spread roll
#SPXcampaign STO $SPX Jan 8th 1940/1915 put spreads for 1.50. Paired with call spreads sold earlier, all expiring this Friday.
$SVXY $UVXY
BTC SVXY Jan 29 $63 calls @ $0.05
BTC UVXY Jan 8 21.5 puts @ $0.02
SPX put spread
#SPXcampaign STO $SPX Jan 08 1940/1930 BuPS for 0.65.
SPX call spread
#SPXcampaign STO $SPX Feb 6th 2130/2155call spreads for 1.25.
STO $SPX MAR1 16 (3/4/2016)…
STO $SPX MAR1 16 (3/4/2016) 1750/1725 BuPS @1.55
SPX spread rolls
Whipsawing continues … sold $SPX Jan 8th 2060/2085 call spreads for 1.45. Was poised to sell 1940/1915 put spreads but was not filled before the index reversed upwards. Will look to sell put side on next down move.
$UVXY
BTC Jan 15 $21 puts @ $0.02, sold for $0.50
BTC Jan 8 $24.50 puts @ $0.02, sold for $0.51
#SPXcampaign STO $SPX MAR1 16…
#SPXcampaign STO $SPX MAR1 16 (3/4/2016) 1735/1710 BuPS @1.40
SPX puts stopped
#SPXcampaign BTC $SPX Jan 8th 2000/1975 put spreads for 7.25. Sold last week for 1.20. After another VIX Indicator warning yesterday, I will now only sell put spreads at extreme lows, like yesterday morning, where I was able to turn around a same-week spread in the same day. I will also be more aggressive with call spreads. Until we get a significant flush or correction with a high spiking VIX, I believe we will be in a continued down trend… no more buy the dips, but instead sell the rallies. I will stick with this until the market and VIX tell me something new.
UVXY puts
Staying aggressive hedging my SVXY puts…playing with a little house money after closing a decent size similar position yesterday.
Sold UVXY JAN 8 2016 29.0 Puts @ 1.15
SPX 5 hour spread
#SPXcampaign At 7 minutes after the close, BTC $SPX Jan 8th 1900/1875 put spreads for .30. Sold this morning for 1.30. Maybe can do it again if we get another morning of weakness.
$UVXY $VXX
Was away from the market all day today. Got back 15 mins before the close. Got a couple of trades filled.
STO $VXX Feb 19 $33 calls @ $1.00
STO $UVXY Mar $165 call @ $2.50 (adding to position)
STO $UVXY Jan 22 $80 calls @ $0.92
STO $UVXY Jan 29 $80 calls @ $1.40
Not the best fills as by the time I got to trade, the market was well off it lows. Kept things very small just in case this is a multi-day event.
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY Jan 08 2016 75.0 Calls @ 0.15. Adding to my position.
Now only 4 1/2 days until expiration. Tick Tock.
Check out the 60 minute chart. Today’s 34 high is about equal to the 12/18/15 high right around the same level. Resistance maybe?
$KOLD: Closing an ATM call for January
This was from a rollout. Closing the position and booking a nice profit on the fully rolled position.
Bought to close $KOLD Jan 15 136 call @ 12.00. Sold for 41.32 as a rollout on 12/7. Booked an 18.10 loss on 12/7 and recovered 29.32 today leaving a net profit of 11.22. The rest of my January calls are at 200 and above (200, 210, 215, 310).
$TSLA taking it on the…
$TSLA taking it on the chin today, down 17(7%). I wonder if continued low oil prices hurts?
$AMZN short puts
Sold $AMZN Jan 22 (weekly) 540 put @ 1.50. 100 points out of the money. Earnings not expected until Jan 28.
VLO puts
STO $VLO Jan 15th 67 put for 1.00
STO $VLO Jan 22nd 67 put for 1.30.
These puts are covered against a short stock position from an earnings play. Cost basis now around 68.00. #Earnings
OMM takeover
Wow, GG has taken over OMM! No posts in SMM, so maybe gone from there. Signal/noise ratio at OMM suffering. So far no brawls.
$CMG #ShortPuts – Back to…
$CMG #ShortPuts – Back to the well again on this stock – Sold 1 CMG Jan 15 2016 375.0 Put @ 1.25
$SVXY #ShortPuts – I actually…
$SVXY #ShortPuts – I actually don’t want any more stock, but not passing up a 10% return on cash for a six month option.
Sold 1 SVXY Jun 17 2016 30.0 Put @ 3.10
SPX same week put spread – 90 points OTM
#SPXcampaign STO $SPX Jan 8th 1900/1875 put spreads for 1.30. These expire Friday.
NFLX
Had to thank GG for this one. He was harping on NFLX being weak last Thursday so I had to try to protect my naked puts a little. Worked out OK…
Bought Jan monthly 110/105 put spreads @ .93 on Thursday.
Today…closed them for 2.58 for a gain of 1.65 and bought 105/100 put spreads @ 1.70. This leaves the 105/100 put spreads for a nickel debit. My kind of protection there!
Also Thursday rolled down this weeks short calls to 115 and 112 for nice credit.
So after all that it’s pretty much a wash on the losses on the short puts…so far so good.
$QQQ $VIX $SPY took some…
$QQQ $VIX $SPY took some profits this morning on spreads, all Tasty trade. $VIX and $SPY were long put spreads, probably could have gotten more.
TZA calls
#ContangoETFs STO $TZA Jan 22nd 50 calls for 2.50. Looking at the monthly chart on this, I’m not concerned that this position will remain a problem, even if it requires some #Rolling in the short term.
$NFLX #ShortPuts – already being…
$NFLX #ShortPuts – already being short the Jan 122.86 and 125.71 Calls, and wanting to encourage the stock to stay down for the next two weeks, I sold the following this morning –
Sold NFLX Jan 08 2016 90.0 Puts @ 0.15
Sold NFLX Jan 08 2016 95.0 Puts @ 0.33
Sold NFLX Jan 15 2016 90.0 Puts @ 0.53
New intraday high in SPX…
New intraday high in SPX would be 2008.02…
UVXY puts
Bought to Close UVXY JAN 8 2016 26.0 Puts @ .20 (sold for 1.20 up to 1.40 on Thursday)
Closing SVXY Feb 5 $62…
Closing SVXY Feb 5 $62 covered call @ .55 sold @ 1.88 on 12/22 for 67%…
Good morning…
…from Portland, where the city is covered in ice and frozen in place. The market, however, far from it. Should we try to catch a falling icicle today, or is more pain to come? The VIX indicator will likely fire another warning shot this morning as volatility continues to rule the day. I’m looking for a really sharp down day and big VIX spike before I expect to see SPX move back toward 2100. Keeping light on the put spreads and adding call spreads whenever I can.
$UVXY – Prices on calls…
$UVXY #ShortCalls – sold these at to the open. All expire Friday –
Sold UVXY Jan 08 2016 55.0 Calls @ 0.26
Sold UVXY Jan 08 2016 60.0 Calls @ 0.16
Sold UVXY Jan 08 2016 65.0 Calls @ 0.13
Sold UVXY Jan 08 2016 70.0 Calls @ 0.11
Sold UVXY Jan 08 2016 75.0 Calls @ 0.11
Sold UVXY Jan 08 2016 80.0 Calls @ 0.11
SPX closed in pre-M
#SPXcampaign In Pre-market, BTC $SPX Jan 14th (monthlys) 2135/2160 call spreads for .20.
Good Morning, looks like a…
Good Morning, looks like a big down day, thanks to China
Expirations Full Profit
$SPXW 1935/1960 BUPS
$SPXW 1985/2010 BUPS
$UVXY 27P
$UVXY 24P
$IONS 58P
Options Bistro 