#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.
Daily Archives: Monday, February 29, 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
Options Bistro 