Made a few trades this afternoon, like most people, I was a bit early. I’m continuing to stay short term with my trades.
STO Mar 25 $95 calls @ $0.55
STO Apr 1 $95 calls @ $1.00
STO Apr 8 $95 calls @ $1.50
STO Apr 8 $105 calls @ $1.30 (will add as premium increases)
STO Apr 15 $105 call @ $2.50 (will add as premium increases)
$UA #ShortPuts – Bought to close UA Apr 15 2016 60.0 Puts @ 0.05. Still a month to go and they can’t drop any lower.
$NUGT #ShortCalls – Sold 1 NUGT Sep 16 2016 105.0 Call @ 16.20. I may be early on this trade.
A day after the Upside Warning, VIX is confirming upside bias. This is a new post-correction low, and the lowest VIX reading since Christmas Eve.
#Earnings Sold to Open $WSM March 18th 55/50 put spreads for .70.
Over last 12 earnings, Biggest UP move: 10.3% , Biggest DOWN move: -12.0% , Average move: 6.0% . This trade is 7.3% OTM.
Geez, were we early on NUGT calls or what?
$NUGT Since there aren’t comments on this name, and being up 10 points, I guess we expect it to burn and crash! ;>)
$FB Followed Robyn at TT on an April 15 110/115 BuCS for 2.64, had sworn these off, will try again
STO Mar 18 107/102/98/93 for 1.15.
A little close and risky, but I think there is some profit in there for 2 days.
#SPXcampaign Going above 2100 for any further sales.
Sold to Open $SPX April 14th 2110/2135 call spreads for 1.25
Sold to Open $SPX May 19th 2125/2150 call spreads for 3.50 (as a roll)
BTO SLB Apr 1st 71 Put/ Apr 22 73 Put for $1.74
There is a squeeze and earnings are due in 36 days, Apr 22 is 37 days away…I’m trying to take advantage of the increase in IV due to earnings and the bearish movement.
On the post-FOMC spike in gold, added these short calls at the highest strikes
Sold $NUGT Apr 22 (weekly) 105 call @ 1.75
Sold $NUGT Sep 16 105 call @ 11.50
Closed $T Apr 15 38/35 BuPS for 0.45. Originally STO for 1.00 about 2 weeks ago. 55% max profit.
and reduced the number of increases from 4 to 2.
#SPXcampaign Sold to Open $SPX April 8th 1880/1855 put spreads for 1.30.
#Earnings #Rolling #CoveredCalls
BTC $NOW March 18th 55 call for 6.10. Sold for 1.35 on 2/9
STO NOW April 15th 55 call for 7.90.
#SPXcampaign Sold to Open $SPX April 1st 1925/1900 put spreads for 1.60, double position as a #ReverseRoll to stopped call spreads.
In the #IRA – rolled SVXY 40 calls out to April 42’s for even. Going for a couple more bucks of upside.
STO 470/465 put spread expiring this week. Sold this morning on the gap down and hold, for 1.00.
BTC now about 2 hours later, for 0.25.
Wish that would happen every time! 🙂
$ETE BTC 3/18/16 7.50 CALLS @.20 STO @.42
$ETE STC STOCK @7.50 BTO 7.58 Small loss, but the stocks been somewhat erratic lately.
$UVXY STO 3/18/16 26.0 PUTS @.94 A speculative trade. If it closes in the middle, great! If not, I will roll out the
$UVXY STO 3/18/16 28.0 CALLS @.87 losing side. Meanwhile I’ve got the 1.81 premium leeway. Only 2.5 days to go.
BTC Jan’18 $80 call @ $12.50, sold for $25
Taking profits at 50% since it is so far out in time. Will resell on next volatility spike.
SPX expirations? Can never remember this, but does the monthly expiration occur on Friday morning and the weeklys on Friday afternoon at the close?
BTC EXPE 105/98 BuPS at $0.65 Sold for $1.35 last week.
I’m using the TT method of getting out with 50% profit or closing the position at a small loss if the price reaches the short strike. So far it is working fine.
$CMG gapped down this morning and appears to be holding. STO Mar 18 470/465 BuPS for 1.00. Expires this week.
#SPXcampaign Bought to close $SPX April 1st 2040/2065 call spreads for 7.50. Sold for 8.00 on March 4th as a roll. Small profit on this one, but since my stop level of 20-points OTM (2020) was hit last week, needed to close this and wait for higher prices to replace the roll.
$NUGT BTC 3/18/16 80.0 CALLS @.10 Wanted to free up some buying power.
#VIXIndicator UPSIDE WARNING fired. We have just hit 3 consecutive VIX closes below the Fib 78.6% retracement. This historically has meant that volatility has subsided in the near term, and we should be seeing further strength to the rally in the SPX.
This also sets a new VIX low of 16.05 from Friday, 3/4.
Tuesday’s levels that would negate this and switch us to a downside warning are 21.05 and 23.58.
This is the first time a VIX upside warning has fired since I developed the indicator, so it will be interesting to see if SPX pushes higher before any big drops. SPX has risen in the days or weeks following this signal over the majority of times it has fired since 2000.
Options Bistro 