#VXXGame STO $UVXY March 4th 50 calls for .47
NOTE: UVXY and SVXY options are tradeable until 4:15et each day, so you can still sell these.
Monthly Archives: February 2016
…another put spread in the wall
#SPXcampaign STO $SPX April 1st 1735/1710 put spreads for 1.25, with SPX at 1937.
SPX puts sold
#SPXcampaign Sold to Open $SPX March 11th 1840/1815 put spreads for 1.70, with SPX at 1937. Trying to sell another spread but chasing the bounce.
$AZO Finally got a fill…
Getting back into EOG
I’ve been out of this name for a couple of months. Today’s move down is an opportunity to sell more puts. The strike price is below the recent low on 1/20.
Sold $EOG Apr 15 55.00 puts @ 1.30 with the stock near 65.
$SPY closed a March 31(quarterly)…
$SPY closed a March 31(quarterly) 182/177 BuPS for 50, sold last week for 100, was always meant to be short term.
More NUGT calls
Sold $NUGT 3/24 80 call @ 3.40. Highest strike in a week where I had no NUGT positions.
SOME TRADES:
$UVXY STC 3/11/16 75.0 CALLS @.17
$ETE STO 3/11/16 7.50 CALLS @.30 Offsets some short puts.
$ETE STO 3/18/16 8.0 CALLS @.40
$ETE STO 3/18/16 6.0 PUTS @.35
$DUST Doesn’t give you an…
$DUST Doesn’t give you an opportunity to roll out, much less down. I guess I’m going to be “Put to”, assigned Friday, and will have to do CC’s until it goes up. My saving grace, is that I have only one option, as it was a “learning while doing” trade. STO 3/4/16 8.0 Put.
$DOW rolled March 11, 50…
$DOW rolled March 11, 50 call to April 15, 50 call for a net positive of .72 and will pick up .42 in dividends.
GLD vertical put spread GLD…
GLD vertical put spread GLD 110/114 sold for 0.97 april monthly expiration.
looking to manage at 50% max profit.
AZO earnings
#Earnings This one has been a very solid stock with small, controlled moves on earnings. 7.5% (up) is its biggest move over a 21-day period after earnings (there are 19 days left until March expiration). You have to go back to the financial crisis to find anything bigger. Its average move over 21 days is only 2.9%. This trade has strikes that are over 8% OTM. If you want to play it safer and go for a condor, you might want to try a closer strike on the puts, so 710/720/850/860 (in a bullish trend and moves after earnings are usually to upside).
STO $AZO March 18th 710/850 strangles for 5.00.
New Bearish SPY Diagonal
BTO Apr 15 SPY 202 and STO Mar 24 SPY 189.5 Puts for $7.23 Debit.
My Weekly NUGT trade
#ContangoETFs Been selling 15-25 points higher for same week expirations each week…
STO NUGT March 4th 70 calls for 1.00
TLT adds to my long positions
#LongCalls
BTO TLT March 18th 130 calls for 1.84. Cost basis now 1.93
BTO TLT April 15th 133 call for 1.56. Cost basis now 1.61
New strikes for KOLD
Up to 300 for March and April.
Sold $KOLD Mar 18 300 call @ 7.00
Current Economic News.
Euro-area inflation came well below expectations.
China cut its reserve ratio requirements.
The G20 meeting didn’t come up with a viable plan to booster the world economy.
The Germans sovereign debt yields fell once again.
Ireland elections had no clear winner.
Progressive candidates made progress in the Iranian Parliamentary Elections.
Bullish bets on oil increased to the highest level since Nov as hedge funds and other speculators increased their net long positions.
Oil producers operating in Iraq’s Kurdish region fell by as much as 40%
Support & Resistance for Mon Feb 29th, 2016
Resistance 1960-62; 1971-73; 1975-78; 1984-85; 2010-12;2023-25
Support: 1900-04; 1885-87; 1865-69.
good morning everyone
good morning everyone
I am writing down the…
I am writing down the 3 spreads I have right now (going into Monday).
I sold the following call spreads:
1)600/605 AMZN april 16 (monthly) for $1.26
2)100/105 AAPL april 16 (monthly) for $1.33
3)735/740 GOOGL april 16 (monthly) for $2.23
Looking to manage them at 50% max profit.
Didn’t feel comfortable to go to March expiration because the rally might continue for a little bit.Feeling much better going into April and selling mostly tech stocks since I consider them much more overpriced compared to the rest of the sectors.
#OptionsExpiration – A pretty good…
#OptionsExpiration – A pretty good week. I was able to scalp some short calls against long term short put postions and some long stock because of the strong market mid-week.
— Expirations —
BBY (Weekly) Feb 26 2016 33.5 Calls
FB (Weekly) Feb 26 2016 111 Calls
CMG (Weekly) Feb 26 2016 475 Puts (Covered)
JOY (Weekly) Feb 26 2016 14 Calls (Covered)
NUGT (Weekly) Feb 26 2016 29.5 Puts
NUGT (Weekly) Feb 26 2016 30 Puts
NUGT (Weekly) Feb 26 2016 30.5 Puts
NUGT (Weekly) Feb 26 2016 31 Puts
NUGT (Weekly) Feb 26 2016 31.5 Puts
NUGT (Weekly) Feb 26 2016 32.5 Puts (Covered)
NUGT (Weekly) Feb 26 2016 75 Calls
NUGT (Weekly) Feb 26 2016 76 Calls
SVXY (Weekly) Feb 26 2016 40 Calls (Covered)
UVXY (Weekly) Feb 26 2016 20 Puts
UVXY (Weekly) Feb 26 2016 31 Puts
UVXY (Weekly) Feb 26 2016 31.5 Puts
UVXY (Weekly) Feb 26 2016 85 Calls
UVXY (Weekly) Feb 26 2016 95 Calls
UVXY (Weekly) Feb 26 2016 110 Calls
VALE (Weekly) Feb 26 2016 3.5 Calls (Covered)
VIAB (Weekly) Feb 26 2016 43 Calls
WDC (Weekly) Feb 26 2016 52 Calls
— Assignments —
DUST (Weekly) Feb 26 2016 8 Puts
$GMCR #ShortPuts – Once the…
$GMCR #ShortPuts – Once the takeover offer for GMCR was announced I shorted a bunch of Puts for Both Jan 2017 and Jan 2018 for whatever I could get for them. I knew that whenever the merger was about to close, the options would collapse before being delisted.
I covered some of them today to get rid of the margin requirement.
Bought to close GMCR Jan 19 2018 75.0 Puts @ 0.02 – Sold for 1.50 and again at 2.00
Bought to close GMCR Jan 19 2018 70.0 Puts @ 0.02 – Sold for 1.00 and again at 1.50
These were sold in December and technically have 693 Days to Expiration. But should be delisted way before that.
SPX calls closed
#SPXcampaign Put in an order to close in case we dropped into the close, and it filled after the close;
BTC $SPX March 4th 1960/1985 call spreads for 7.70. Will work on rolls next week. I think a pullback happens next but had to clear this one away in case we awake Monday to another rally.
#OptionsExpiration for 2/26 Expiring: $NUGT…
#OptionsExpiration for 2/26
Expiring:
$NUGT 02/26/2016 70.00 calls
$NUGT 02/26/2016 76.00 calls
$NUGT 02/26/2016 30.50 puts
$UVXY 02/26/2016 85.00 calls
$UVXY 02/26/2016 110.00 calls
No assignments this week.
Have a great weekend everyone.
Options Expiration 2/26/16
#OptionsExpiration 2/26/16
— Expiring w/ max profit —
NUGT 30 puts
NUGT 68 and 70 calls
My lightest expiration in many weeks, since I closed or rolled several things early.
Have a great weekend all!
OPTIONS EXPIRATION, 2/26/16
—PUTS—
$ETE 2/26/16 Expired
—CALLS—
$ETE 2/26/16 EXPIRED
#optionsexpiration
#OptionsExpiration
All of these expired worthless
$NUGT $33 puts
$NUGT $36 puts
$NUGT $45 puts
$NUGT$48 puts
$NUGT $50 puts
$NUGT $75 calls
$UVXY $85 calls
$UVXY $100 calls
$UVXY $110 calls
Well it was a long…
Well it was a long shot so I’m going to get max loss on the Broken Wing Butterfly on the SPX…$190 going once….
Closing ARMH
Bought to close $ARMH Mar 18 36 puts @ .20. Sold for 1.10 on 2/10. Taking my 80% max profit 3 weeks early. Who knows what this market will bring.
BIDU closed
#Earnings Bought to close $BIDU Feb 26th 175 calls for .20. Sold yesterday as part of a condor for 1.15. Closing early to avoid any last minute eruptions. Patience paid for me on this one; congrats to those that had the proper patience on PANW!
$SUNE Lost track of this,…
$SUNE Lost track of this, one of my all time trading favorites, mostly premium selling. Up 30% +/-, yesterday, same today, for a 70% change. Favorable court decision. OK to buy Vivant, also up in price. $ETE is my new $SUNE, but I’ll see Monday. Hey, I can have 2 girlfriends, right. ;>)
TSLA getting tired? Selling a call
Sold $TSLA Apr 15 240 call @ 2.25. Pairing this with the 120 put I sold yesterday to create a wide (120 point) strangle.
#PIN $ETE Will probably be…
#PIN $ETE Will probably be pinned @7.00 today. Most OI, except for the 6’s, and I don’t think that’s going to happen.
#Gold $NUGT
Gold and $NUGT really cratering now.
NUGT puts
#ContangoETFs STO NUGT March 11th 40 put for 1.70 (adding)
STO NUGT April 1st 30 put for 1.30
SPX call roll
#SPXcampaign #Rolling Sold to Open $SPX March 24th 2005/2030 call spreads for 7.20. Part of a roll from this morning’s stopped spread.
$ETE following honkhonk81’s lead on…
$ETE following @honkhonk81 ‘s lead on ETE, sold 2, Feb. 26., 7 puts for .40 this week, bought them back for .22 rolled them to next week for .52
$SPY BeCS April 8 198/200 for .94 followed Tony at Tasty
BTO SPY Apr2 189.5 Call…
BTO SPY Apr2 189.5 Call and STO Mar4 199.5 Call for a 8.83 Debit.
BTO IWM Apr2 99 Call and STO Mar4 104.5 Call for a 3.93 Debit.
SPX puts closed
#SPXcampaign Bought to close $SPX March 4th 1800/1775 puts for .15. Double position sold as part of a roll for 1.45 on Feb 18th.
PANW call side closed
Closed the 145/150 call side for 2.65. Leaving the put side to expire worthless. STO yesterday for 1.55. So taking a 1.10 loss instead of potentially more later today.
A TRADE:
$ETE STO 3/4/16 7.5 CALLS @.35 I find that I get more premium doing these short term calls, than with UVXY, NUGT, longer term calls. True, I use more contracts, but it’s also easier on my margin. Am I missing something?
Brokers back up!
Able to login to my brokerage account now from work. Last trade was on my phone and a little harder to figure out there, but glad to be back online with my broker now. 🙂
#Gold $/GC
Looks like Gold might finally be showing some signs of weakness. The last 3 days have shown that strength has been sold into. Hasn’t broken down yet, but keeps making lower highs.
$UVXY Closed a March 18…
$UVXY Closed a March 18 65/75 BeCS sold Jan. 21 for 1.20, closed for .30, made .90
SPX roll
Rolled my 1960/1970 SPX today’s expiration, to next week for credit. I think this market goes down, so staying at same strikes and will try to get some more profit here instead of risking it today. Had originally STO yesterday for .70, and rolled for additional 1.80 credit today.
Adding to TLT
#LongCalls Adding to my TLT position on pullback to 21 dma:
BTO TLT Mar 18th 130 call for 1.70
BTO TLT April 15th 133 call for 1.42
TSLA, Sold 1 contract of the June 250 call @5.20
SPX IBWBF….from late yesterday
Sold right after the close yesterday for 9.05 and bought back this morning for 9.85…lost 80 bucks but was worth a shot. Now I know what an IBWBF is!
PANW closed
#Earnings Bought to close PANW Feb 26th 144/149 call spreads for 3.80. Sold as part of condor for 1.55. I got out for less than the 5.00 I would be charged if I allowed to expire ITM. You could also wait to see if it drops, or leg out for even better prices.
Broker blocked!!! :(
At a different workplace than my usual and it appears all brokerage websites are blocked here…used to not be that way. Hmm…could be an interesting day trying to trade on my mobile platform by phone.
SPX calls stopped
#SPXcampaign Bought to close $SPX March 4th 1975/2000 call spreads for 9.00 in premarket. Started already with some roll positions and will add more in coming days.
PANW and SPXW in danger today.
Took what looked like a safe PANW IC yesterday before earnings, then the pre-release junk happened and the call side will be threatened today. @Jeff, any thoughts on salvaging this?
Also have a $SPXW 1960/1970 call spread that looks threatened.
With the PANW, I was very aware of the possibility of this going bad, as all earnings plays are somewhat of a surprise, but we all hate to lose anything. Just talking out loud here and thinking what to do about these today.
VIX plummeting
#SPXcampaign The VIX closed below a key support level of 19.20, signaling the bulls are proving themselves further. VIX is at a decision level; will it proceed down to 16.93, signaling an end to near-term downside risk, or bounce off the B-bands and signal more volatility? SPX call spreads have been under pressure and I will be executing some rolls today. To start, I sold a put spread in pre-market:
Sold to Open $SPX March 18th 1850/1825 put spreads for 2.00. This is an aggressive position designed to offset my call spreads.
SPX Resistance for tomorrow Friday, Feb 26, 2016
Resistance for Tomorrow: 1960-62; 1977-1984; 2020-2023; 2031-32;
Support: 1897-96; 1880-79; 1863-62.
A Iron Broken Wing Butterfly…
A Iron Broken Wing Butterfly is normally a credit and it is made by selling A Call and a Put at the same (or close) strike and then buying the wings OTM….The difference between a regular Butterfly and the Iron Bfly is that on the regular Bfly you sell either 2 Calls or 2 Puts and then buy a lower priced Call or Put and a higher priced Call or Put. Normally the higher priced option ends up ITM and becomes somewhat difficult to close.
To make it into a broke wing, you can do either shorten the spread on one side or sell more spreads on one side than the other.
Hope this helps.
PANW pre-release?
#Earnings jumps 9% 20 minutes before close. Looks like trading halted.
STO SPX Feb 26 BWBF…
STO SPX Feb 26 BWBF 1935/1925/1920 for $8.10 Credit Max Loss is $190.
RLYP…down after earnings
March 17.5/15.0 BuPS completely in the money after earnings. Originally sold for 1.35 so with stock near low of the day I’m doubling down long on this thing. Sold to close the long 15’s for 1.40. This will give me the stock at a basis of 14.75 if it doesn’t recover and if it does recover by March expiration I’ll be bringing in twice the premium. Of course, if it goes to zero, I’ll be wishing I still had those 15’s!
$SPX call spread in 4/1
Sold $SPX Apr 1 2065/2090 BeCS @ 1.35.
Short strike is right in the middle of all that resistance from December.
Delta is 07, 1 standard deviation is 2058.
I’ll be pretty happy if I have to close this for a loss or roll it.
UVXY and NUGT mgt
Earlier today, made some adjustments for margin purposes…
BTC UVXY Feb 26th 60 call for .03. Sold for .30 yesterday
BTC UVXY Feb 26th 58 calls for .04. Sold for .35 yesterday
BTC UVXY Mar 11th 80 call for .34. Sold for 2.17 on Feb 2nd
BTC UVXY June 110 call for 4.50. Sold for 9.50 on Jan 25th
STO UVXY April 1st 29 puts for 1.50
STO NUGT March 11th 40 put for 1.55
STO NUGT March 11th 37 put for 1.05
$NUGT new highest strike in June
Sold $NUGT Jun 17 94 call @ 10.00. Newest highest strike.
Closing put spread in SPX
Bought to close $SPX Mar 11 1665/1640 put spread for .10. Sold for 1.30 on 2/5.
PANW earnings
#Earnings Sold to Open $PANW Feb 26th 110/115/144/149 iron condors for 1.55. Over its 11 past earnings reports, PANW’s Biggest UP move: 10.6%, Biggest DOWN move: -10.8%, Average move: 6.0%. These strikes are both 11.2% OTM.
BIDU earnings
#Earnings Sold to Open $BIDU Feb 26th 135/140/175/180 iron condors for 1.15. Over last 12 earnings, BIDU’s Biggest UP move: 11.0%, Biggest DOWN move: -15.0%, Average move: 7.8%. Short strikes are about 11% OTM.
Maybe a good day to…
Maybe a good day to go bottom fishing in the energy sector?
TSLA short put
Sold $TSLA Apr 15 120 put @ 1.30
SPX Support and Resistance Levels for Thu Feb 25, 2016
Support at 1916-17 and 1907-09 and then where it turned up yesterday at 1890-94….1897 is a 61.8% of the previous down move and 1876 is the 100% of that move.
Resistance is still at the 1945-47 level…for the SPX to move higher, it needs to break above this level…There is intermediate resistance at 1934-35 and 1939-41 Levels which could slowdown the SPX somewhat.
IMHO, today could be one of those boring days…good for Theta decay.
A TRADE:
$ETE BTO STOCK @7.04 To cover my short calls from this morning.
$GMCR #ShortPuts – Bought to…
$GMCR #ShortPuts – Bought to close 1 GMCR Jun 17 2016 30.0 Put @ .01.
Originally sold in November at 1.38 (before the takeover offer)
$NUGT #ShortCalls #NewStrikes – sold…
$NUGT #ShortCalls #NewStrikes – sold these on the open this morning. The weekly sales are new strikes.
Sold 1 NUGT Mar 04 2016 82.0 Call @ 1.10
Sold 1 NUGT Mar 11 2016 80.0 Call @ 2.45
Sold 1 NUGT Mar 18 2016 80.0 Call @ 3.60
FB covered puts
#Earnings #ShortStock
BTC $FB Feb 26th 105 put for .50. Sold for 1.60 on 2/3. Clearing puts so I can release this short stock position at lower levels. I think FB will be fine in long run but expect another trip down to 90’s in coming weeks.
Earnings Trade
STO $LB 3/18 $75.5 Put for .63
Company has beat earnings estimates last nine quarters
Not a volatile stock so I may have to keep it until expiration.
5-hour spread closed
#SPXcampaign Bought to close $SPX Feb 26th 1850/1825 put spreads for .20. Sold this morning for 1.30.
NUGT tornado trades
#ContangoETFs STO NUGT March 11th 37 put for 1.20
STO NUGT March 11th 35 puts for 1.05
STO NUGT March 18th 30 puts for .80
$NUGT
The action in this thing is just crazy. Like trying to predict a tornado.
Options Bistro 