2016 high for SPX
2016 low for VIX & VXX
All-time low for UVXY
2016 high for NUGT
Not quite the 2016 high for SVXY, the laggard as usual.
And a further drop for KOLD, biggest daily point drop of 2016.
Daily Archives: Thursday, March 17, 2016
$NUGT #ShortCalls – at least…
$NUGT #ShortCalls – at least one account was able to take advantage of this morning’s run –
Sold NUGT MAR 24 2016 105.0 Calls @ 0.45 – These expire NEXT Friday
Sold 1 NUGT APR 1 2016 105.0 Call @ 1.15 – This expires the following week.
Rolling CMG
Rolled this week’s 475 put down and out to Apr 8 465 put for 4.60 credit:
Bought to close $CMG Mar 18 475 put @ 6.89 (sold for 6.10 on 2/8)
Sold to open $CMG Apr 8 465 put @ 11.49
$NUGT – what a thrill…
$NUGT – what a thrill ride. Thought I was going to have to roll my strike 75 calls (actually, I still might have to)
Bought to close NUGT Apr 01 2016 28.0 Puts @ 0.05.
Sold them on 3/9 for 0.40.
$ADBE earnings play
Taking a chance here…Mar 18 100/95/85/80 IC for 1.10
Earnings after the close today.
$NUGT
Went negative on the day. Yeah!
STO GOOGL Apr5 700/680 2.85…
STO GOOGL Apr5 700/680 2.85 cr.
SPX calls closed
#SPXcampaign Bought to close $SPX March 17th 2060 calls for .45. Sold in the 2060/2085 spread for 1.19 on March 7th. Can’t risk leaving this open with morning settlement gap risk.
TLT thoughts.
Any ideas on the TLT after the fed yesterday? Overall chart looks down since 2/12, but now running on the 50 day ma. Thinking of an iron condor. Thoughts anyone?
SPX puts closed, calls sold
#SPXcampaign
Bought to close $SPX March 24th 1950/1925 put spreads for .20. Sold on Monday for 2.05.
Sold to Open $SPX April 8th 2110/2140 call spreads for 1.25. (going 30 its wide since no 2135 strike available)
NFLX out
My little NFLX Mar 18 IC that I put on yesterday for 1.15, I closed early today for 0.55. 52% max profit in a day. I’ll take these any day, everyday. Lovin’ the green St. Patrick’s theme and lovin’ collecting some green on these.
Happy St. Patrick’s Day everyone!
(refresh this page)
Snickers Bar
#ContangoETFs #Rolling
BTC NUGT March 19th 63 call for 11.00. Sold for 1.12 on Monday. Harrumph.
STO NUGT April 15th 72 call for 12.20.
BTC NUGT March 19th 70 call for 5.00. Sold yesterday for 1.00
STO NUGT April 15th 90 call for 6.10
UVXY rolls
#VXXGame $UVXY puts obviously under pressure… continuing to roll into strangles once they go ITM. This is my first roll of several I’ll need…
BTC UVXY April 15th 24 puts for 3.40.
STO UVXY April 29th 20/33.5 strangles for 3.72
I don’t think both of those April 29th strikes will survive, but I will roll the one that gets ATM.
WSM closed
#Earnings BTC $WSM March 19th 55 puts for .30, sold as a 55/50 condor yesterday for .70. Order in to sell the 50 puts for .05, but doubt it will fill unless we get a spike down.
VIX indicator comes through
At least in the short-term, the VIX Indicator’s Upside Warning is working… albeit pretty late from when the rally started. Many prognosticators saying rally should have been over and we are due for a drop. Could be true, but when the VIX passes below 78.6% Fib line, almost always mean more upside ahead, sometimes violently. I don’t trust this rally, but I respect it for now and can see us getting up to the 2070 or 2080 resistance that Robert posted easily. Above 2100 would be a surprise for me, however. Currently moving any call spreads I can to above 2110. #SPXcampaign
SVXY covered calls
Sold $SVXY Sep 16 60 call @ 2.95.
NUGT calls
Playing it really safe here. Who knows what happens in the next 24 hours. Cleaning up what was a 50/80 strangle position. Got a little over 50 percent and freeing up considerable margin.
Bought to Close NUGT MAR 18 2016 80.0 Calls @ .70 (sold for 1.55)
Could’ve closed it for a dime before FOMC yesterday…remind me not to go for that last nickel again!
UVXY all time low
Just dipped down to 23.76, below the the 23.83 low on 12/2/15
$XME $NUGT
$XME busting a move, looks like that is what is pulling the gold miners higher right now.
BIB…re-post
Just wanted to repeat what Jeff posted the other night in case anyone missed it. I was mistaken…BIB is hurt slightly by an overall downward bias over the long term even though it’s historical performance is pretty nice. Being careful here and will probably get our of my covered stock position while it’s only down a little. This could be a good place to use the old Fitzpatrick 1 percent rule. Get out and wait…if the stock recovers to 1 percent above where you sold it start scaling back in with a tight stop.
Thanks Jeff!
Check out $BIS… inverse of BIB. They are both “Ultra”, 2x levered, so they would be subject to downward pull due to compounding. But Biotech has been generally bullish until recently (see NBI monthly chart) – so the BIB chart had been mostly up.
NUGT Chart
Look at the daily chart for NUGT. It shows a Squeeze forming that could trigger to the upside. 
$ADBE earnings today after the…
$ADBE earnings today after the close. @jeff, any numbers for us?
NUGT
Dipping my toes in the water with a call spread. Can’t sell naked calls here.
Apr 15 95/105. Mid-point was listed as .95 and I put in limit of 1.00 and got filled at 1.25. Interesting.
NUGT
STO Apr 22 NUGT 105 Call at $3.20
NUGT Resistance
71.46-72.60; 76.81-77.50 and 83.61-85.45
This levels may hold NUGT but not necessarily reverse it.
SPX Resistance
2028-2030; 2056-60; 2068-70; 2081-85 and 2100
There are others above that, but I don’t think we’ll get that high today….
$NUGT
Treading lightly
STO Apr 1 $105 call @ $1.10, adding to position
#Gold $UUP $DXY
Interesting divergence. The dollar is very weak again today, but gold is barely moving. Would have expected a bigger move with that big a move in the dollar. Dollar is much lower than it was just last week, but Gold has (so far) failed to make a higher high. Over the last 10 days gold has seemed hang out in this $1266 +/- area.
NUGT adding
Sold $NUGT Sep 16 105 call @ 17.30. Adding to position at the highest strike.
SPX puts closed
#SPXcampaign In pre-market (3:09a ET), bought to close $SPX April 1st 1850/1825 for .20. Sold for 2.00 on March 3rd.
$SPX resistance?
Thoughts on resistance levels now that we’ve touched 2030?
Options Bistro 