VIX chart

Interesting doji on the VIX chart today. This can often signal a reversal for the VIX, meaning the market goes up. But although we may go up for a day or few, I believe we are trending down for much longer.

Screen Shot 2016-02-08 at 9.04.23 PM

Trades while driving….

STO $UVXY March 18th 28 puts for 1.19
STO $DUST March 18th 5 puts for .65

BTC $ZSL Feb 19th 82.5 calls for .05. Sold pre-split for 1.275 effective price.
BTC $SPX Feb 26th 2015/2040 call spreads for .20. Sold for 1.20.
BTC $NOW Feb 19th 60 put for 13.80. Backing out 1 at a time, also will keep some and sell calls.
BTC $KOLD Feb 19th 135 call for 25.90. Sold for 18.10 on Nov 19th. Backing out of Feb positions; will be selling new premium at a later time, but keeping margin in reserve for now.

$FCX #CoveredCalls #Weeklys – Sold…

$FCX #CoveredCalls #Weeklys – Sold FCX Feb 12 2016 6.50 Calls @ 0.13. These expire Friday.

/VX VIX futures…

Didn’t post since I really would feel bad if someone followed me and got hurt. Last Friday I ended with a short Feb position at 23.75. Bought it back in at 24 early Sunday evening for a .25 loss. Was happy with that! Set an alert for any spikes up over 25.50 or so…once that triggered in the middle of the night I sold another one at 25.45. Was never profitable all day so bought it back at 25.45 for a scratch late in the day. Still a great month for scalping the volatility swings. Looking out to the March contract now since the heavy rolling of the contracts will take place Thur/Fri this week.

$NUGT #GOLD – Closed near…

$NUGT #GOLD – Closed near the low of the day (but didn’t close the morning gap). Hopefully the bull run is over for a while.

#dollar

$SVXY #ShortCalls #VXXGame – Bought…

$SVXY #ShortCalls #VXXGame – Bought to close 7 SVXY Jan 20 2017 140.0 Calls @ 0.05.
These options still have 347 days until expiration so no need to wait for the last nickel.
Originally sold in mid-September for 4.10 and again at 5.10. They never traded any higher.

$UVXY

This afternoon when I was away from my computer, I got this fill.

STO $UVXY Feb 26 $100 calls @ $1.50