#OptionsExpiration for 2/5/16 Expired: $EOG…

#OptionsExpiration for 2/5/16
Expired:
$EOG 02/05/2016 65.00 puts
$LNKD 02/05/2016 230.00 calls (the good side of the nightmare strangle)
$UVXY 02/05/2016 66.00 calls
$UVXY 02/05/2016 85.00 calls
$UVXY 02/05/2016 95.00 calls

No assignments

Have a great Super Bowl weekend everyone!

Added NUGT

#ContangoETFs Sold to Open $NUGT March 18th 50 call for 5.25

#OptionsExpiration #Weeklys #Feb05 – A…

#OptionsExpiration #Weeklys #Feb05 – A pretty good week, with a nice earnings compression trade on $CMG the most fun. A new short position in $NUGT to deal with next week.

— Expirations —
AGNC (Weekly) Feb 5 2016 18 Calls (Covered)

CMG (Weekly) Feb 5 2016 397.5 Puts
CMG (Weekly) Feb 5 2016 400 Puts
CMG (Weekly) Feb 5 2016 402.5 Puts
CMG (Weekly) Feb 5 2016 405 Puts
CMG (Weekly) Feb 5 2016 407.5 Puts
CMG (Weekly) Feb 5 2016 410 Puts
CMG (Weekly) Feb 5 2016 412.5 Puts
CMG (Weekly) Feb 5 2016 415 Puts
CMG (Weekly) Feb 5 2016 422.5 Puts (Covered)
CMG (Weekly) Feb 5 2016 425 Puts (Covered)
CMG (Weekly) Feb 5 2016 427.5 Puts (Covered)

CMG (Weekly) Feb 5 2016 575 Calls
CMG (Weekly) Feb 5 2016 580 Calls

FCX (Weekly) Feb 5 2016 6.5 Calls (Covered)

NUGT (Weekly) Feb 5 2016 30 Puts

UVXY (Weekly) Feb 5 2016 20 Puts
UVXY (Weekly) Feb 5 2016 35 Puts
UVXY (Weekly) Feb 5 2016 35.5 Puts
UVXY (Weekly) Feb 5 2016 36 Puts

UVXY (Weekly) Feb 5 2016 66 Calls
UVXY (Weekly) Feb 5 2016 85 Calls
UVXY (Weekly) Feb 5 2016 95 Calls

WYNN (Weekly) Feb 5 2016 64 Calls
WYNN (Weekly) Feb 5 2016 73.5 Calls
WYNN (Weekly) Feb 5 2016 74 Calls

— Assignments —
DUST (Weekly) Feb 5 2016 10 Puts
DUST (Weekly) Feb 5 2016 9.5 Puts
DUST (Weekly) Feb 5 2016 8 Puts

KSU (Weekly) Feb 5 2016 75 Calls (Covered) – Profitable exit and getting a lot of cash back

NUGT (Weekly) Feb 5 2016 32 Calls (Covered)
NUGT (Weekly) Feb 5 2016 32.5 Calls – Going short the stock
NUGT (Weekly) Feb 5 2016 40 Calls (Covered) – Profitable exit after a long holding period

Rolling NUGTs

Didn’t have a chance to post in the end of day craziness but I rolled 3 in the money positions:

Rolled $NUGT Feb 26 37.00 calls up and out to Mar 18 38.00 calls for 1.26 credit
Rolled $NUGT Mar 4 37.50 calls up and out to Mar 24 38.00 calls for 1.32 credit
Rolled $NUGT Mar 11 37.50 calls out to Mar 24 37.50 calls for .90 credit

I’ll keep rolling calls until this trend breaks.

#OptionsExpiration

Had a good number of total contracts expiring this week.  If it hadn’t been for $NUGT, this would have been a very profitable week.

$UVXY $55 Calls

$UVXY $66 Calls

$UVXY $74 Calls

$UVXY $80 Calls

$UVXY $85 Calls

FB & DATA management

#Earnings
Bought to close $FB Feb 5th 110 put for 6.40, and covered 100 shares of short FB stock for 103.67. Decided to take advantage of the overdone day and roll the put. I have sold several FB puts and will sell more next week.

Bought to close (1) $DATA Feb 5th 62 put for 20.50. Reducing risk over weekend by taking assignment of fewer shares. Also earlier, I sold (1) March 18th 45 call for 3.00.

Options Expiration 2/5/16

#OptionsExpiration  Rough week with DATA earnings trade going south.  This will be a tougher one to manage than FB or VLO as the company is newer and has an uncertain future.

Expiring with 100% of max profit:

$CMI 81.5 puts
$DATA 100 calls
$SPX 1980/2005 call spreads
$UVXY 23, 27 puts
$UVXY 27/25 put spread
$UVXY 55 calls
$VLO 73 call

#Assignment
$DATA 62 puts, long stock assigned, cost basis 60.80
$VLO 63 & 65 puts, covering most of my short stock position, cost basis over 70.00

Expiring Worthless:
$SPX 1675/1650 put debit spread – bought a couple weeks ago, but the down moves did not come soon enough, so never got a profit to take.