#SPXcampaign Bought to close $SPX Feb 5th 1850/1825 put spreads for .25. Sold for 1.50 this morning.
Monthly Archives: February 2016
PRU, sold the March 62.5 puts for 1.85
$NUGT #ShortPuts #ScalpTrade – Sold…
$NUGT #ShortPuts #ScalpTrade – Sold NUGT(Weekly) Feb 05 2016 30.0 Puts @ 0.11. You take premium where you can. This expires tomorrow.
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Closing GOOGL call
Taking 85% max profit off the table from the post-earnings trade I put on Tuesday morning.
Bought to close $GOOGL Feb 19 850 call @ .40 (sold for 2.50 on 2/2).
NUGT again
#ContangoETFs STO $NUGT Jan 2017 75 call for 7.70. GTC order in to sell the next one for 8.70.
NFLX reversing?
Big swing intraday, now up on the day printing a hammer.
XIV Stock
Just trading around some of my lower priced shares. Sold a little at 19.30 that I had bought for 17.10. Still long at higher prices though…
/VX VIX futures
Early this morning I shorted one at 23.20 but didn’t like the price action so bought it back at 23.15. Made 50 bucks!!…of course then it promptly traded in a straight line down to 22.40. Ouch! Back in again at 23.00 looking for a half point or so.
STO LNKD Strangle for earnings…
STO LNKD Strangle for earnings after mkt closed today 160/235 for 1.40 cr.
NUGT call
#ContangoETFs STO NUGT June 72 call for 3.70. Highest strike. GTC order placed to sell the next one for 4.70.
DATA earnings
#Earnings Sold to Open $DATA Feb 5th 62/100 strangles for 1.20. The largest moves over the last 12 earnings reports: Biggest UP move: 21.4% , Biggest DOWN move: -10.7% , Average move: 10.5% . These strikes are both 23.5% OTM.
NUGT BeCS
Adding to a starter position from a few weeks ago…I’ll add again if GDX gets to 17 or so.
Sold NUGT JUN 17 2016 50/60 Bear call spread @ 2.66
SPX two-day spread
#SPXcampaign Sold to Open $SPX Feb 5th 1850/1825 put spreads for 1.50. After being stopped on the 1860/1835 spread yesterday, replacing with a slightly lower one. Remember we have nonfarm payrolls on Friday morning
STO SPX Feb1 1960/1965 for…
STO SPX Feb1 1960/1965 for .35 cr.
Earnings results
#Earnings Two trades from yesterday worked perfectly, with BWLD and CMI both with minimal movement this morning. BTC BWLD Feb 19th 100 puts for .10. Bidding to close the 170 call for .10, and both CMI options for .02, or they’ll expire tomorrow.
Rolling in-the-money KOLD positions
These trades got executed right before the close.
I have a few deep in the money positions for Feb that I decided to roll today. There’s no real time value left and I didn’t want to get assigned short on a hard to borrow underlying and have to deal with a forced buy-in. So I rolled 3 Feb positions out to May:
Rolled Feb 118 call out to May for 4.07 credit
– BTC Feb 118 call @ 57.19. Sold for 99.65 (part of a previous rollout) on 12/16.
– STO May 118 call @ 61.26
Reduced my loss in this position: booked profit of 42.46; had 86.14 loss to recover, 43.68 remaining
Rolled Feb 115 call out to May for 3.46 credit
– BTC Feb 115 call @ 60.03. Sold for 102.13 (part of a previous rollout) on 12/16
– STO May 115 call @ 63.49
Reduced my loss in this position: booked profit of 42.10; had 95.60 loss to recover, 53.50 remaining
Rolled Feb 110 call out to May for 2.51 credit
– BTC Feb 110 call @ 65.45. Sold for 18.20 on 10/22
– STO May 110 call @ 67.96
Booked a loss on this roll of 47.25
If natural gas does not recover sufficiently (bringing KOLD back down) then I’ll continue to roll and generate credits until I have wiped out all the accumulated losses. Even without a whole lot of long term movement in the underlying commodity, KOLD will always suffer from tracking error headwinds, being a reverse-leveraged ETF, so it will always have that downward bias. So I got that going for me. Which is nice.
DUST
The last week has put my feb 10 puts from decent profit to underwater in a week. $10.32 close means it may be roll time tomorrow.
The part about premium selling that sucks is the whipsaw. The shiny stuff putting the heat on right now.
Time to freak?
NO-Time to follow the plan and adjust/roll when atm hits. #psychology
CBOE To Begin Overnight Dissemination…
CBOE To Begin Overnight Dissemination Of CBOE Volatility Index (VIX) – Date 02/02/2016
- Will Provide Additional Real-Time Volatility Information When News Breaks Overnight
- Will Enable Overseas Investors to Reference VIX Index During Their Regular Trading Hours
The Chicago Board Options Exchange® (CBOE®) today announced that it plans to begin overnight dissemination of the CBOE Volatility Index® (VIX® Index) in March.
Values for the VIX Index are expected to be published every 15 seconds during CBOE’s extended trading hours session for VIX and S&P 500® Index (SPX) options, which runs from 2:00 a.m. to 8:15 a.m. CT.
Before the close I sold the BWLD 105 put and 175 call for a total premium of 1.10
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT Jan 20 2017 75.0 Calls @ 5.50. Highest available strike price.
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT Mar 18 2016 45.0 Call @ 2.10
BWLD #following Jeff #earnings #ironcondor…
BWLD #following Jeff #earnings #ironcondor It’s taken all day and a couple of tries STO Feb 19 110/100/170/180 for 1.18
$DUST #ShortPuts #Speculation – Sold…
$DUST #ShortPuts #Speculation – Sold DUST(Weekly) Feb 05 2016 10.0 Puts @ 0.25. This is simply a bet that DUST closes above 9.75 on Friday. Tread carefully.
$UVXY #ShortPuts #ScalpTrade – since…
$UVXY #ShortPuts #ScalpTrade – since I am short many calls and no longer long any stock …
Sold UVXY Feb 05 2016 36.0 Puts @ 0.23
Sold UVXY Feb 05 2016 35.5 Puts @ 0.16
Sold UVXY Feb 05 2016 35.0 Puts @ 0.11
The strike price is below any price hit since mid- January. These expire Friday.
Wow. Haven’t been trading much…
Wow. Haven’t been trading much after some terrible whipsaw action. Just curious- how many people here think this kind of insane action is a precursor to another 2008/09 style crash? I think it’s a real possibility.
$TSLA #ShortPuts #FallingKnife – Sold…
$TSLA #ShortPuts #FallingKnife – Sold 1 TSLA MAR 18 2016 115.0 Put @ 1.20
one of those days…
..where you get stopped at the bottom when SPX is down 1.5%, then it rips back up to end positive before I could throw on any rolls. Oh well. I’m sure more chances are coming. As for the call side, just Sold to Open $SPX Feb 12th 1990/2015 call spreads for 1.25. #SPXcampaign
TRADES:
$DUST STO 3-14-16 8.0 PUTS @.45 Followed Mr. T ;>)
$KMI STO 3-19-16 CALLS @.60 Not a great trade, I meant to sell the 16.50’s; I’ll live with it.
#Market
Someone must have turned on a buy program at 2pm eastern. S&P just went positive on the day.
Volatility!
Not my favorite kind though…Lol see ya’ll on the other side.
$DUST #ShortPuts – Sold DUST(Weekly)…
$DUST #ShortPuts – Adding on to my #OptionLadder
Sold DUST(Weekly) Feb 26 2016 8.0 Puts @ 0.35
Sold DUST(Weekly) Mar 04 2016 8.0 Puts @ 0.45
#Dollar
Just getting killed today. Outside of 3rd standard deviation. Definitely people having to quickly unwind long dollar trades. Looks like it isn’t about to stop until everyone goes to bed. Took another leg down just after lunch. I’m guessing margin clerks started making phone calls.
/VX and another travel day…
Trying this on my phone…just messing around. Covered my vix future overnight at 23 for a scratch. Then re sold at 23.75 and covered at 23.70 to cover all commissions plus lunch. Just sold again at 24 before we launch.
Good luck everyone!
$TSLA #ShortPuts #FallingKnife – Sold…
$TSLA #ShortPuts #FallingKnife – Sold 1 TSLA JUN 17 2016 85.0 Put @ 1.20. It been a long time since I took a new position in this name.
TSLA hit a two year low today
a few trades…
$DUST #ShortPuts – it’s now…
$DUST #ShortPuts – it’s now cheaper to play DUST puts than NUGT Calls –
Sold DUST(Weekly) Feb 12 2016 9.5 Put @ 0.30
Sold DUST Feb 19 2016 9.0 Puts @ 0.35
$CMG #ShortPuts – sold these…
$CMG #ShortPuts – sold these near the open today
Sold 1 CMG Feb 05 2016 422.5 Put @ 1.50
Sold 1 CMG Feb 05 2016 425.0 Put @ 1.80
Sold 1 CMG Feb 05 2016 427.5 Put @ 2.10
STO 3/18 SPX 2020/2035 BeCS…
STO 3/18 SPX 2020/2035 BeCS $1.60 crd. and 1735/1720 BuPS at $1.85 crd. 44 DTE. small 1 lot trade…
POS = 76.3% R/R = 3.23 Max Loss $1,145 Max win = $355
I don’t plan to get either Max Loss or Max Win.
If I cut my loss at 1/2 of Max then the POS = 570 / 1500 = 38% which comes to show that the Probability of Success is based on holding the position to the end and any exit to avoid the large loss reduces the POS.
However, using the 50% loss and taking only 60% of Max profit improves the R/R = 2.7
CMI earnings
#Earnings Sold to Open $CMI Feb 5th 81.5/98 strangles for 1.05. These are the largest 1-day moves after last 12 reports: Biggest UP move: 6.8% , Biggest DOWN move: -8.7% , Average move: 4.2% . These strikes are 8.9% (puts) and 9.5% (calls) OTM.
BWLD earnings
#Earnings Sold to Open $BWLD Feb 19th 110/170 strangles for 2.40. These are the 21-day moves over the last 12 reports: Biggest UP move: 19.4% , Biggest DOWN move: -15.9% , Average move: 10.2% . These strikes are both about 21% OTM. IV should also drop by 50% tomorrow.
$BWLD down $9.00 right now,…
$BWLD down $9.00 right now, 6%, earnings today
$UVXY $NUGT
Added additional $UVXY Mar 11 $80 call @ $3.50
Followed Ramie STO Feb 26 $NUGT $37 calls @ $1.30
NUGT calls
Sold calls on the move up in gold.
Sold $NUGT Feb 26 37 call @ 1.32 (highest strike)
Sold $NUGT Mar 18 48 calls @ 1.00
$UVXY
Once market started to bounce, made 1 more trade.
STO Feb 5 $55 calls @ $0.55
SPX puts stopped
#SPXcampaign Bought to close $SPX Feb 12th 1800/1775 put spreads for 2.90. Sold for 1.25 on Tuesday.
$UVXY $VXX
Nibbled a little bit.
STO $UVXY Feb 12 $60 calls @ $1.00
STO $UVXY Mar 4 $95 call @ $2.00
STO $UVXY Mar 11 $80 call @ $3.00
STO $UVXY Mar 18 $110 calls @ $2.50
STO $VXX Mar 4 $33 calls @ $1.00
SPX calls closed
#SPXcampaign Bought to Close $SPX Feb 18th 2025/2050 call spreads for .20. Originally sold for 1.40.
$SPY #butterfly followed Mike at…
$SPY #butterfly followed Mike at tasty trade if you’re interested in the explanation, sold 2 March 18 182 puts, bought a 170 and 197 for a credit of .51.
$UUP $DXY $NUGT
Wow, dollar getting killed. $NUGT on the move.
SPX puts stopped
#SPXcampaign Bought to close $SPX Feb 5th 1860/1835 put spreads for 2.45. My guess is this would have made it, but it went over my 3.00 stop yesterday and I let it go because we were extended for the day and I felt we would get a bounce around 1900 level. We did, but today’s action is not promising. This was sold as part of a same-week iron condor on Monday for 2.65… so for the full trade I’m getting out with a small profit. Thanks Addy, for the idea on Monday.
Testing 1245
Testing 1245
SPX call spread
#SPXcampaign Sold to Open $SPX March 4th 2025/2050 call spreads for 1.55.
Good morning…
My sense remains that we are going lower. I’m trying to sell call spreads that I should have sold on Monday afternoon. This is only one guy’s opinion… there are others who think it’s time to buy equities at these cheaper prices. Make your own decisions!
CMG puts
Sold $CMG Feb 19 400 put @ 1.80
$WYNN #ShortCalls – Sold WYNN…
$WYNN #ShortCalls – Sold WYNN Feb 05 2016 73.5 Calls @ 0.22
$CMG #ShortCalls – sold these…
$CMG #ShortCalls – sold these to pair off with this week’s unhedged puts –
Sold CMG Feb 05 2016 575.0 Calls @ 0.40
Sold CMG Feb 05 2016 580.0 Calls @ 0.35
Let the earnings games begin
$UVXY #ShortCalls – Sold 1…
$UVXY #ShortCalls – Sold 1 UVXY Mar 04 2016 95.0 Call @ 1.25
Sold 1 UVXY Mar 11 2016 80.0 Call @ 2.49
TZA call
Borrowing the strategy from Jeff.
Sold $TZA Mar 4 85 call @ 1.20.
SPX calls closed
#SPXcampaign Bought to close $SPX Feb 12th 2015/2040 call spreads for .20. Originally sold for 1.25.
$AMZN #ironcondor STO March 18…
$AMZN #ironcondor STO March 18 560/550/660/670 for 1.16
TradeKing is TradeByeBye
Thanks for those who gave input yesterday. I’m now moving out of TradeKing and into TDAmeritrade. Still having trouble today after their computer upgrades over the weekend. Opened new account and now waiting for things to transfer over.
UVXY mgt
#VXXGame BTC $UVXY Feb 19th 74 call for .75. Sold for 6.75 on Jan 11th, when it was the highest strike.
/VX futures #Eminis
SOLD FEB /VX Future @ 23.00…let’s see what happens. Looking to grab close to a point if possible on any rally.
Whew…back after a long week!
On the road last 6 days…catching up on all the action. Might actually be home for a day! LOL
SPX calls closed
#SPXcampaign Bought to close $SPX Feb 1990/2015 call spreads for .15. Sold for 1.25. Closing one of two call spreads; will let the 1980/2005 expire Friday.
FB covered puts
STO $FB Feb 12th 110 put for .55
STO $FB March 18th 105 put for 1.35
Late day reports from yesterday…
Late day reports from yesterday that I missed:
$NUGT #ShortCalls – Sold NUGT Mar 18 2016 45.0 Calls @ 1.10
$KSU #CoveredCalls – Sold KSU Feb 5 2016 75.0 Calls @ 0.35
$QRVO #ShortCalls – Sold QRVO Feb 19 2016 50.0 Calls @ 0.35
$WFM #ShortCalls – Sold WFM Feb 12 2016 34.5 Calls @ 0.20
CMG earnings
#Earnings, I am skipping this one due to the recent news-driven volatility. But if you want to try, over the last 12 reports, Biggest UP move: 18.4% , Biggest DOWN move: -9.2% , Average move: 9.2% . Based on current price of 473.00 and its largest move of 18.4%, its Max Proj UP move is to: 560.17 , and Max Proj DOWN move is to: 385.83. That is only based on past earnings. This is the first report after all of the e-coli news.
ETF circus
#ContangoETFs
STO $DUST June 123 calls for 1.75
STO $TZA July 85 call for 5.90
STO $KOLD Feb 19th 270 calls for 1.40
STO KOLD May 310 call for 7.20
BTC KOLD Feb 120 puts for .40. Sold for 1.30 on 1/7
SPX, I sold the March 4,1675/ 1700 put spread for $1.20. Following Jeff.
SPX more puts
#SPXcampaign Sold to Open $SPX March 4th 1700/1675 put spreads for 1.25. First sale in this expiration.
Short Stock, covered puts
#Earnings – now I have two short stock positions from earnings trades. VLO has been working nicely, assigned in 4th quarter at 65 and now cost basis above 70. FB, not so pretty yet, with cost basis just above 105. The danger on that one is it will start flying very high. So I will just sell puts against these as often as I can.
STO $VLO Feb 12th 66 put for 1.95
Yesterday: STO $FB Feb 5th 110 put for .75, and Feb 19th 105 put for .70
March UVXY calls
Filling in some empty weeklies, at the highest strikes.
Sold $UVXY Mar 4 95 calls @ 1.05
Sold $UVXy Mar 11 80 call @ 2.15
SPX puts
#SPXcampaign Sold to Open $SPX Feb 12th 1800/1775 put spreads for 1.25. Expire next week.
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