Sold $AMZN Apr 15 650 call @ 2.55
Daily Archives: Tuesday, March 1, 2016
#Gold $NUGT
Impressive that even on a big up day in the market, $DXY and UUP are higher, yet gold is barely down on the day. There is a pretty impressive bid and continues to make higher low’s.
SPX calls stopped
#SPXcampaign BTC $SPX March 4th 1980/2005 call spreads for 7.40. Will implement rolls in the coming days.
Covered Calls on SVXY
It’s about time we can sell some calls on this.
Sold $SVXY Jun 17 53.00 call @ 1.30
Call spread in SPX for…
Call spread in SPX for the April monthly series
Sold $SPX 4/15 2095/2120 call spreads for 1.40 with SPX at 1973. Short strike is around 1 standard deviation (=2090). Another 120 points in the S&P would bring us right back up to the early Dec highs.
SOME TRADES: Decided I was…
SOME TRADES: Decided I was too far out in time with some of my trades, so I closed them to release some buying power, although it didn’t release as much as I thought it would, and do some front week trades, and 2nd week trades. All trades were profitable, some more than others.
$UVXY BTC 3/18/16 75.0 CALLS @.27
$UVXY BTC 3/24/16 25.0 PUTS @.42
$NUGT BTC 3/18/18 80.0 CALLS @1.65
$NUGT BTC 3/18/16 30.0 PUTS @.52
$DUST STO 3/11/16 5.0 CALLS @.32
$DUST STO 3/11/16 4.5 PUTS @.40
SPX put spreads
#SPXcampaign #Rolling Selling the other half of my roll; closed 1960-1985 call spread last week for 7.70. Sold new call spread earlier today for 5.50, selling this one, double-size, for 1.30; so netting additional .40 on the roll (added to the 1.25 initial spread was sold for).
STO $SPX March 24th 1825/1800 put spreads for 1.30.
Also need to stop out of the March 4th 1980/2005 call spread… ripped past my stop point while I was away from the desk this morning. Been closing and rolling anything that gets within 20-points.
TZA closed out
#ContangoETFs Since these positions are all doing pretty well, I’m closing down my entire TZA position to clear margin. All of these are at a profit (except for puts), but the expensive ones were sold as rolls, so overall positions are less profitable. I will look to sell calls again on this in subsequent spikes.
BTC TZA March 18th 80 calls for .18. Sold for 7.15
BTC TZA March 18th 50 calls for 4.30. Sold for 20.60
BTC TZA April 15th 85 calls for .60. Sold for 5.05
BTC TZA July 85 calls for 3.20. Sold for 5.90
BTC TZA Jan ’17 80 call for 7.60. Sold for 14.00
BTC TZA March 18th 50 puts for 1.24. Sold for 1.00.
SPX Rally
SPX hitting resistance now at 1971.66…This is a critical resistance level since it is a K-Node from several different retracements and extensions.
ZSL closed out
#ContangoETFs Closing out my last remaining positions in $ZSL to clear out margin. First time I’ve had no position in this name in years, but since the split it has been pretty boring.
BTC ZSL May 40 puts for 1.00. Sold for 1.30 on Dec 4th
BTC ZSL May 80 call for .60. Sold for 3.00 on Dec 30th
BTC ZSL May 82.5 calls for .55. Sold for 2.30 (effective price) on Nov 4th.
UVXY mgt
#VXXGame #Rolling First time I’m having to roll ATM short puts in about a year.
BTC UVXY March 4th 35 puts for 1.70.
BTC UVXY March 11th 35 puts for 2.84
Replaced all of the above with enough contracts of the following to net a credit…
STO UVXY April 15th 24/75 strangles for 2.52
Also:
BTC UVXY March 11th 75 calls for .07. Sold for .55 on Feb 23rd
BTC UVXY March 18th 80 call for .22. Sold for 4.40 on Dec 3rd
SPX Call Spread
STO Mar 11 2020/2030 for 1.10
NUGT puts
Selling puts to offset all the short call exposure.
Sold $NUGT Mar 18 35 puts @ 1.00.
AZO earnings closed
#Earnings Bought to close $AZO 710/850 strangles for 1.85. Sold yesterday for 5.00. Would have preferred to hold on, but it was using 15K in margin that I need to manage the SPX uptrend.
SPX call spreads
#SPXcampaign This is probably the last time I can sell call spreads on this trend. I will start to have a lot of stop-outs if we continue toward 2000. VIX hits a new 2016 low and heading toward the key 16.93 level.
STO $SPX March 17th 2005/2030 calls for 5.50, as a roll from spread stopped last week.
STO $SPX April 1st 2070/2095 calls for 1.25.
@Jeff — $TLT calls What…
@Jeff — $TLT calls
What are you doing with your TLT calls with this pull back?
$CAT In July I entered…
$CAT In July I entered into a couple January CAT BuPS 65/60. In January I rolled them to March 67.50/60 for a credit. I closed them today, actually made $60. I left some on the table but this is the first day this trade has been profitable.
$AAPL #butterfly followed Tony at…
$AAPL #butterfly followed Tony at Tasty on a March 18 call butterfly sold 2, 100 calls, bought a 98 and a 102 for a cost of 36. According to him, this is a winner if the price is between 98.36 and 101.64
Squeeze Trade…
BTO Mar 18 AAPL 95 Calls for $3.50 dbt.
There is a squeeze in AAPL daily chart, and it looks like it is breaking to the upside.
$NUGT
STO Mar 4 $70 calls @ $1.00 followed Jeff
STO Mar 25 $28 puts @ $0.45
SPX – completing iron condor
STO Mar 24 1820/1810 BuPS for 0.95 which completes IC for this expiration.
Already had 2040/2050 BeCS for .70. Total of 1.65 for this IC.
NUGT puts
#ContangoETFs Scaling into several short-term puts which are all margin free (offsetting calls)
STO NUGT March 4th 47 puts for .75
STO NUGT March 11th 40 puts for .75
Support & Resistance for Super Tuesday
Resistance 1960-62; 1971-73; 1975-78; 1984-85; 2010-12;2023-25
Support: 1900-04; 1885-87; 1865-69.
Same as yesterday….
Options Bistro 