#VXXGame #rolling
BTC $UVXY Apr 1st 29 put for 3.55. Sold for 1.50 on Feb 25th
STO $UVXY June 18 puts (2) for 1.95.
Daily Archives: Thursday, March 3, 2016
SPY Diagonal
Apr 1 SPY 192 Call / Mar 18 SPY 202 Call for a $7.13 Dbt.
SPX puts closed
#SPXcampaign Bought to close $SPX March 24th 1750/1725 put spreads for .20. Sold for 1.35 on 2/23.
SVXY covered call
Adding slowly. I have a big long position that I will cover incrementally if we continue up.
Sold $SVXY Jun 17 65 call @ 1.40.
Diagonalizing
#LongCalls #Diagonals Selling some shorter term calls against my TLT long calls (thanks @prvtrader for the idea).
Against long March 18th 130 calls, STO TLT March 11th 131 calls for .60
Against long April 15th 133 calls, STO TLT March 18th 132 calls for .68
Took only partial position at this point, will sell more or higher strikes if TLT continues rally.
Divergences or convergences?
TLT rallying… so market should be weak…
But transports are strong, even with down-market.
Gold/Silver rallying big.
NUGT rolls
Executed the following:
Rolled $NUGT Mar 18 45 calls out to Apr 15 45 calls for 2.00 credit
Rolled $NUGT Mar 18 48 calls out to Apr 15 48 calls for 3.20 credit
Rolled $NUGT Mar 18 52 call out to Apr 15 52 call for 3.10 credit
Rolled $NUGT Mar 18 60 call up and out to Apr 8 (weekly) 63 call for 2.13 credit
GOOGL, I sold one contract of the 500 puts in January @9.10
OIL purchase
Bought a few shares of OIL at $5.05 this morning. It is on daily squeeze and trying to break to the upside.
Searching on Bistro
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$VXX
BTC Apr 15 $51 calls @ $0.05, sold for $1.40
AVGO earnings
#Earnings… This is what I wrote on December 2nd on $AVGO’s last earnings:
… this one almost never moves down on earnings. You have to go back to Dec 2010 for its only significant down move, -6.5%.
AVGO moved up 9.5% the next day, so enough said:
Sold to Open AVGO March 4th 125/115 put spreads for 1.00. Last 12 reports, Biggest UP move: 14.7% , Biggest DOWN move: -0.2% , Average move: 6.5% . Short strike is 8.1% OTM.
SPX put spread
#SPXcampaign Sold to Open $SPX April 1st 1850/1825 put spreads for 2.00. Slightly more aggressive than usual since I’m treating as a partial roll from stopped call spreads.
Gold
Looks to be breaking out above $1250
$NUGT
STO 2 Mar 4 $65 calls @ $0.45 expire tomorrow
This might me pushing my luck a little, but went very small. Looking to sell 2 $50 puts to offset as stock is trading almost right in the middle of that range.
Support & Resistance for Thu Mar 3, 2016
Resistance: 1984-86;2010-12; 2023-25; 2030-32; 2050-54;2065-66, 2081-83
Support: 1961-59; 1950-48; 1932-30; 1915-14; 1895-93; 1875-73
Market may thread water to wait for the Jobs Report tomorrow, unless it doesn’t…
Options Bistro 