STO Apr 29 SPY 206/201 BuPS for $2.45
Daily Archives: Monday, March 7, 2016
DIGin a spread
$DIG – doing something a little out of character but think that oil has jumped a bit fast and should go back down. BTO vertical put spread. Mar 18 31/29 put spread for 0.65 when DIG trading at 31.10.
Covered call on APA
Sold $APA Apr 15 57.50 calls @ 1.20
FB covered put
#Earnings STO $FB March 24th 102 put for 1.25, against short stock position.
SPX 2005 seems to be…
SPX 2005 seems to be formidable resistance.
#OOps
Looks like I accidentally deleted a thread on $NUGT
/GC
Just took a huge drop on big volume.
PNRA call
STO $PNRA March 18th 220 call for 2.55. Also short the 210’s, sold this one on today’s spike.
A TRADE:
$NUGT 3/11/16 STO NUGT 80.0 CALLS @1.60 Jeff’s trade. Thank you.
AAPL BeCS
STO Apr 30 AAPL 107/110 BeCS for $0.68
SPX puts closed
#SPXcampaign Bought to close $SPX March 11th 1900/1875 put spreads for .20. Sold for 1.80 last Wednesday.
STO SPX Mar2 1900/1880 for…
STO SPX Mar2 1900/1880 for .30 credit
FB much weaker than market
FB much weaker than market
SPX iron condor
#SPXcampaign Unable to sense a true direction, betting that we don’t get a huge break up or down anytime soon. So selling a condor seems best. Will treat each side separately if threatened.
Sold to Open $SPX March 17th 1855/1880/2060/2085 iron condors for 2.20.
$NUGT
STO Mar 25 $95 call @ $2.10
STO Mar 25 $100 call @ $1.50
STO Mar 25 $105 call @ $1.50
Added Mar 11 $94 calls @ $.50
NUGT weeklys
#ContangoETFs STO $NUGT March 11th 80 calls for 1.25
A Correction or a Continuation of the Downtrend on the SPX?
A week ago, all the talking heads were sure that the market was going to 1500; now they are sure that the market is going to go to new highs after this correction…Well, the possible supports are at 1962-60; 1933-30 and 1886-84. The 62-60 level is the 23.6% and if it bounces from there, it may try to push back and retest the 1999-2001 level….The same could be true for the 38.2% retracement…if it breaks through those two, then it will not be a correction, but possibly a continuation of the downtrend….
I wish I had a crystal ball!
Options Bistro 