Rolled $UVXY 3/4 $35 puts to 3/18 $34 puts for $.50 credit
Expiration Full Profit
$NUGT $75 calls
$SPXW 1910/1935 BUPS
Got Crushed
$SPXW
$SPXW 2000/1975 BECS
$SPXW 2005/1980 BECS
Daily Archives: Friday, March 4, 2016
$UVXY $NUGT Trades
$UVXY below:
BTC Mar 15 $165 calls @ $.02 numerous sales, average price $3.65
BTC Mar 15 $110 calls @ $.02 sold for $2.50
BTC Mar 11 $80 calls @ $.04 sold for $3.25
BTC Mar 11 $90 calls @ $.03 sold for $3.36
BTC Mar 11 $105 calls @ $.04 sold for $3.81
closed down some puts for very small losses just in case volatility keeps dropping
Mar 18, $25 puts
Mar 25 $24 puts
$NUGT below:
STO Apr 15 $80 calls @ $10.00
STO Mar 11 $89 calls @ $.90 (was late to the party here, job got in the way today)
STO Mar 11 $45 puts @ $.50
STO Mar 11 $48 puts @ $.80
Would not have sold the puts as early as I did if I had any clue $NUGT was going to crater the way it did. $NUGT has proven to be difficult for me. I think many of us have gotten very good at trading $UVXY, it makes sense. $NUGT some day’s just leaves me feeling bewildered.
#OptionsExpiration
All of these expired worthless
$GDX $18 puts
$NUGT $30 puts
$NUGT $31.50 puts
$NUGT $35 puts
$NUGT $38 puts
$NUGT $40 puts
$NUGT $42 put
$NUGT $45 put
$NUGT $47 put
$NUGT $53 puts
$NUGT $80 calls
$NUGT $82 calls
$UVXY $95 calls
$UVXY $105 calls
Got shook out of $NUGT $70 and $75 calls today, closed for profits while I could.
Closed my $NUGT $65 for my only loss this week, that sucked, bad trade, I know better
#optionsexpiration
#OptionsExpiration for March 4 Expiring:…
#OptionsExpiration for March 4
Expiring:
$NUGT 03/04/2016 75.00 calls
$TZA 03/04/2016 85.00 calls
$UVXY 03/04/2016 95.00 calls
No assignments this week.
Have a great weekend everyone.
UVXY roll
Options Expiration 3/4/16
— Expiring w/max profit —
AVGO 125/115 put spreads
NUGT 70 & 75 calls
NUGT 47 puts
UVXY 50 calls
Have a good weekend all!
$SVXY #CoveredCalls #RollUp – Rolled…
$SVXY #CoveredCalls #RollUp – Rolled this position to next week to avoid assignment.
Added a point to my strike price plus got an extra 0.55 credit for the roll –
Bought to close SVXY Mar 04 2016 41.5 Calls @ 0.32
Sold SVXY Mar 11 2016 42.5 Calls @ 0.87
More UVXY…
Bought to Close UVXY MAR 18 2016 60/75 Bear call spreads @ .13
Bought to Close UVXY MAR 18 2016 60/80 Bear call spreads @ .15
Definitely locked and loaded for the next spike!
$NUGT #ShortPuts #Scalp – Sold…
$NUGT #ShortPuts #Scalp – Sold NUGT Mar 04 2016 58.0 Puts @ 0.15. These expire in an hour
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY JUN 17 2016 53.0 Calls @ 1.67
$AZO closed the #earnings #ironcondor…
$AZO closed the #earnings #ironcondor for .34, sold for 1.45 on Feb. 29, thanks Jeff
$NUGT #ShortCalls #Rolling – this…
$NUGT #ShortCalls #Rolling – this is becoming tiresome –
Bought to close NUGT Mar 04 2016 35.0 Calls / Sold NUGT Jun 17 2016 41.0 Calls for a small credit
Bought to close NUGT Mar 04 2016 42.0 Calls / Sold NUGT Apr 15 2016 46.0 Calls for a small credit
NUGT puts
#ContangoETFs Rolled up some puts…
BTC NUGT March 11th 35 puts for .05. Sold for 1.075 in Feb.
STO NUGT March 11th 48 puts for .70
STO NUGT March 18th 40 puts for .65
BOIL closes
#ContangoETFs Funny how these calls only close on UP days with my GTC orders. I imagine it is because they are the only days when any bids are available.
BTC $BOIL June 27 calls for .05. Sold for 1.50 on Dec 28th.
Out Early…
Finished for the week…nothing expiring today as I closed some things earlier this week. So, I’m outa here until next week. Everyone have a great weekend and stay profitable! 🙂
SPX call roll
#SPXcampaign Changed my mind and decided to roll into a new call spread. This one will have a short leash… stop will be at or before 2020.
Sold to Open $SPX April 1st 2040/2065 call spreads for 8.00, with SPX at 2008.
$AMBA continues to disappoint, disappoint…
$AMBA continues to disappoint, disappoint me anyway. Sold March 11, 46 calls at .45…
UVXY approaching highs of the…
UVXY approaching highs of the day despite SPX going sideways. Signaling a top?
UVXY call spreads
Bought to Close UVXY MAR 11 2016 55/75 Bear call spreads @ .07 (sold for 1.10)
BTO TLT Mar 130 puts…
BTO TLT Mar 130 puts 2.76 STO Mar1 129.5 1.69 net cost 109.50 per
Carter BTO Mar 130 puts followed along and added short diag
Closing down TLT
#LongCalls Can’t justify holding $TLT long calls any more… closing down March 130 calls and April 133 calls, about 1.00 average loss on each. Short calls sold yesterday lessen that loss to below .80, and I will close those for pennies one of these days.
SOME TRADES:
$DUST BTC 3/11/16 5.0 CALLS @.05
$DUST BTC 3/24/16 6.5 CALLS @.10
$ETE BTO STOCK @8.30 To cover short calls @8.50
$DUST BTO STOCK @ 3.43 Maybe a Buy/Write Jeff made me do it. His post that NUGT highest since July, gave me the idea. ;>)
SPX calls stopped
#SPXcampaign Bought to close $SPX March 17th 2005/2030 call spreads for 11.00. Sold for 5.50 on Tuesday as a roll. That was a painful one I had to chase after missing this morning’s lows. With VIX going lower, I cannot roll up at this time. I have to save rolls for much higher SPX levels, or if VIX reverses upward.
Closed all my BeCS…
No more BeCS…big loss…won’t even roll them to the upside…too much bullishness or short covering.
We’ll wait for the reversal.
STO Mar2 SPX 2020/2025 1.20
STO Mar2 SPX 2020/2025 1.20
FB short
#Earnings #ShortStock STO $FB April 1st 100 put for .80. Selling against my short stock position. Earlier this week closed March 4th 110 short calls and 105 covered puts to avoid any possible assignment today.
Closing Dia on SPY and IWM
STC – SPY 188 Apr 15 / 198 Mar 11 for $9.59 bought for $7.62
STC – IWM 99 Apr 8 / 104.5 Mar 26 for $4.96 Bought for $3.93
STC – SPY Apr 8 189.5 / Mar 26 199.5 for $8.18 Bought for $7.07
NUGT insane
Rolled today’s 70 calls up and out to next week (Mar 11) 76 calls for 1.98 credit
Is GOLD a tell?
Strength in GLD and NUGT for 2nd straight day could be signaling a market top? Highest point in NUGT since July
Jobs beat expectations, UE rate stays the same
I feel more upside is in order no matter what the number was… yesterday was first day of VIX closing below the Fib 78.6%… this is a signal that downside risk could be ending… three consecutive closes below that line on the VIX (16.93) has historically meant a continued uptrend for weeks or months. But if we can’t hold VIX down there for three days, it could bounce into more volatility.
Options Bistro 