Busy all day today…did manage to sell some covered calls in the #IRA ….
Sold SVXY MAR 18 2016 40.0 Calls @ 1.50
Daily Archives: Monday, February 22, 2016
$YHOO #ironcondor followed from tastytrade…
$YHOO #ironcondor followed from tastytrade STO April 15, 27/24/33/36 for 1.08
$UVXY Feb. 26, 36/30 BuPS for .94. The 30 is a margin saver, I’ll own it down here if it doesn’t work out.
A SHORT STRANGLE:
$DUST STO 3/24/16 4.50 PUTS @.65
$DUST STO 3/24/16 6.50 CALLS @.40
Stock hasn’t been 4.50 since Oct. 2013. Will either buy the stock if call go ITM, or roll it out and up. We’ll see.
Building my Options expiration list for 3/24. ;>)
XOP Bearish Diagonal.
STO Mar 18 23.5 Put and BTO Apr 2nd 27.5 Put Total debit of $2.48 pp
UVXY roll
#VXXGame I have a put spread in a smaller account, so before it gets ATM I wanted to roll, since spreads are harder to roll than naked:
BTC $UVXY March 18th 35/33 put spread for 1.05. Sold for .52 on Feb 12th
STO UVXY April 1st 30/28 put spread for .77.
Plan to make it an iron condor once we get some upside.
#Gold $GDX
Definitely diverging today. Gold is down $20 from 4pm on friday yet $GDX is actually up on the day.
$TLT #followed Jeff on the…
$TLT #followed Jeff on the March TLT
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Apr 15 2016 50.0 Calls @ 0.45. Newest monthly cycle started today.
SPX BeCS
STO Apr 1 2050/2060 BeCS for 1.05
$UVXY #ShortPuts – Sold UVXY…
$UVXY #ShortPuts – Sold UVXY MAR 24 2016 23.0 Puts @ 0.27.
TRADES:
NUGT STO 3/11/16 75.0 CALLS @1.80 Followed Jeff, Thank you sir.
NUGT STO 3/24/16 75.0 CALLS @3.10
ETE BTC 2/26/16 8.0 CALLS @.30 STO @.34
ETE BTC 3/4/16 7.50 CALLS @.70 STO @.45
ETE BTC 3/4/16 4.50 PUTS @.12 STO @.55 Earnings after the bell, didn’t want to hold. Don’t need the drama.
The golden volatility cross
We’re here again. SVXY is back higher than UVXY.
And the futures are in contango for the first time in quite a while: vixcentral.com
$SVXY #CoveredCalls #VXXGame -adding to…
$SVXY #CoveredCalls #VXXGame -adding to my positions
Sold SVXY Jun 17 2016 60.0 Calls @ 0.50
Sold SVXY Sep 16 2016 60.0 Calls @ 1.75
Covered calls on WMT
Sold Mar 18 66.50 calls @ .70
$UVXY #ShortPuts – Sold UVXY…
$UVXY #ShortPuts – Sold UVXY MAR 18 2016 24.0 Puts @ 0.23.
Sorry, that was for April 1 expiration
$ETE #EARNINGS AMC
$ETE #EARNINGS AMC
SPX, sold to open 2035/2060 call spread for 3.30
$SPY STO April 1, 201/206…
$SPY STO April 1, 201/206 BeCS for .88
#coveredcalls re-upped on some covered…
#coveredcalls re-upped on some covered calls this morning.
USO March 18 9.50 @.33
HAL March 18 35 @ .35
SUNE April 15 3 @ .14 yes I’m stuck with some SUNE
DDD March 4 11 @ .30
DOW March 11 50 @ .41
would love to have to roll every one
#CoveredCalls – Using Market strength…
#CoveredCalls – Using Market strength to scalp some premium in stocks that I own or have short Puts in or both –
— Weeklys —
Sold BBY FEB 26 2016 33.5 Calls @ 0.22
Sold CVX FEB 26 2016 92.0 Calls @ 0.18
Sold JOY Feb 26 2016 14.0 Calls @ 0.12
Sold FB FEB 26 2016 111.0 Calls @ 0.23
— Monthlys —
Sold COG MAR 18 2016 25.0 Calls @ 0.40
Sold HP MAR 18 2016 60.0 Calls @ .85
Sold KATE Mar 18 2016 20.0 Calls @ 0.40
$SVXY #CoveredCalls #VXXGame – Finally…
$SVXY #CoveredCalls #VXXGame – Finally some decent premiums –
Sold SVXY Mar 18 2016 45.0 Calls @ 0.35
Sold SVXY(Weekly) Mar 24 2016 45.0 Calls @ 0.45
Sold SVXY Jun 17 2016 60.0 Calls @ 0.45
Sold SVXY Sep 16 2016 60.0 Calls @ 1.60
TLT long calls started
#LongCalls Opened new positions in March & April after doing well with long calls in Jan & Feb. I think this will continue higher and that rates still go lower.
BTO TLT March 18th 130 call for 2.40
BTO TLT April 15th 133 call for 1.95
I will add more, hopefully on pullbacks.
SPX and VIX levels
1950 a key level in SPX… not only a K-node for the Fib lines (Robert’s post below) but also the Feb 1st swing high. Also, VIX coming down to 19.20 level, which is the 100%-mark above Oct 28th low. This was support on Feb 1. If we can break these SPX and VIX levels decisively, it’s quite bullish.
PNRA calls
STO PNRA March 18th 210 calls for 3.20. Making up for some losses on the earnings play last week. Seems to be fairly murky getting through the 200-210 level, but only using half-position thus far. #Earnings
NUGT rolls
#ContangoETFs Slowly adding safer positions to make up for the 30-handle calls that ripped my face off.
STO $NUGT March 11th 75 calls for 1.80
$GDX
Rebounding even though Gold is weak, I suspect that the strength in $XME is flowing over to $GDX
oil is up 5
oil is up 5%
Jeff I am a astonished…
Jeff I am a astonished to see not many trading UVXY, any comment(s)
Bought to close March 11, 1640/1665 bull put spread for 0.15, sold at 1.40
$NUGT $UVXY
STO $NUGT Feb 26 $33 puts @ $0.30
STO $UVXY Mar 11 $30 puts @ $0.45
Resistance for Monday Feb 22, 2016
GM
Resistance for Mon Feb 22, 2016
1934
1945-50 K-Node
1960
1970-72
1977-80
2000-2002
2009-2010
2023-25
Options Bistro 