Option Iceman 9:14 pm on Friday, February 26, 2016
Tags: OptionsExpiration ( 794 )

#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

Option Iceman 8:01 pm on Friday, February 26, 2016
Tags: ShortPuts ( 4,763 )

$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.

Jeff 7:14 pm on Friday, February 26, 2016
Tags: SPXcampaign ( 2,265 )

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.

Ramie 1:16 pm on Friday, February 26, 2016
Tags: OptionsExpiration ( 794 )

#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.

Jeff 1:08 pm on Friday, February 26, 2016
Tags: OptionsExpiration ( 794 )

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!

honkhonk81 1:04 pm on Friday, February 26, 2016
Tags: OptionsExpiration ( 794 )

OPTIONS EXPIRATION, 2/26/16

—PUTS—
$ETE 2/26/16 Expired
—CALLS—
$ETE 2/26/16 EXPIRED
#optionsexpiration

Kelly 1:02 pm on Friday, February 26, 2016
Tags: OptionsExpiration ( 794 )

#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

#optionsexpiration

prvtrader 12:47 pm on Friday, February 26, 2016

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….

Ramie 12:44 pm on Friday, February 26, 2016

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.

Jeff 12:24 pm on Friday, February 26, 2016
Tags: Earnings ( 3,108 )

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!

honkhonk81 11:07 am on Friday, February 26, 2016

$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. ;>)

Ramie 9:11 am on Friday, February 26, 2016

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.

honkhonk81 8:36 am on Friday, February 26, 2016
Tags: PIN

#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.

Kelly 8:11 am on Friday, February 26, 2016

#Gold $NUGT

Gold and $NUGT really cratering now.

Jeff 8:09 am on Friday, February 26, 2016
Tags: ContangoETFs ( 446 )

NUGT puts

#ContangoETFs STO NUGT March 11th 40 put for 1.70 (adding)
STO NUGT April 1st 30 put for 1.30

Jeff 8:02 am on Friday, February 26, 2016
Tags: Rolling ( 449 ), SPXcampaign ( 2,265 )

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.

thomberg1201 7:53 am on Friday, February 26, 2016

$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

prvtrader 7:42 am on Friday, February 26, 2016

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.

Jeff 7:40 am on Friday, February 26, 2016
Tags: SPXcampaign ( 2,265 )

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.

rknight52 7:37 am on Friday, February 26, 2016

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.

honkhonk81 7:33 am on Friday, February 26, 2016

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?

rknight52 7:32 am on Friday, February 26, 2016

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. 🙂

Kelly 7:27 am on Friday, February 26, 2016

#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.

thomberg1201 7:21 am on Friday, February 26, 2016

$UVXY Closed a March 18…

$UVXY Closed a March 18 65/75 BeCS sold Jan. 21 for 1.20, closed for .30, made .90

rknight52 7:10 am on Friday, February 26, 2016

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.

Jeff 7:01 am on Friday, February 26, 2016
Tags: LongCalls ( 495 )

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

jsd501 6:47 am on Friday, February 26, 2016

TSLA, Sold 1 contract of the June 250 call @5.20

fuzzballl 6:41 am on Friday, February 26, 2016

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!

Jeff 6:38 am on Friday, February 26, 2016
Tags: Earnings ( 3,108 )

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.

rknight52 6:20 am on Friday, February 26, 2016

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.

Jeff 6:08 am on Friday, February 26, 2016
Tags: SPXcampaign ( 2,265 )

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.

rknight52 5:44 am on Friday, February 26, 2016

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.

Jeff 5:26 am on Friday, February 26, 2016
Tags: SPXcampaign ( 2,265 )

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.