$UVXY 3/18/16 29.0 CALLS STO @.55
Daily Archives: Friday, March 18, 2016
Options Expiration 3/18/16
— Expiring w/max profit —
BOIL 24 call
DATA 45 covered call
KOLD 180 puts
KOLD 300 call
NUGT 35, 40, 45, 47, and 48 puts
PNRA 190 put
TLT 132 calls
— #Assignment —
DUST 5 puts (just a couple so $1K in cash; won’t hold long if there’s no pullback in Gold soon)
Have a great weekend!
#OptionsExpiration
Closed all of my $UVXY calls a couple weeks ago for pennies so here is what I had left:
$XLU $45 puts
$NUGT $28 puts
$NUGT $30 puts
$NUGT $40 puts
$NUGT $42 puts
$NUGT 45 put
$NUGT $95 calls
$NUGT $100 calls
$NUGT $105 calls
Have a great weekend everyone.
SPX further call spread
#SPXcampaign Took a cue from @fuzzballl and sold farther out in time to get beyond all-time highs.
Sold to Open $SPX June 16th 2175/2200 call spreads for 2.75
#OptionsExpiration for March 18 Expiring…
#OptionsExpiration for March 18
Expiring
$AMZN 03/18/2016 600 calls (covered)
$BOIL 03/18/2016 25 calls (covered)
$DUST 03/18/2016 30 calls
$EA 03/18/2016 60 puts
$KOLD 03/18/2016 300 calls
$NFLX 03/18/2016 105 calls
$NFLX 03/18/2016 110 calls
$NFLX 03/18/2016 118 calls
$NUGT 03/18/2016 75 calls
$NUGT 03/18/2016 80 calls
$NUGT 03/18/2016 35 puts
$SVXY 03/18/2016 70 calls (covered)
$SVXY 03/18/2016 35 puts
$TLT 03/18/2016 132 calls
$UNP 03/18/2016 65 puts
$WHR 03/18/2016 110 puts
$WYNN 03/18/2016 80 puts
Assignments–going long stock
$TWTR 03/18/2016 27 puts
Assignments–stock getting called away
$TWX 03/18/2016 67.50 calls
$WFM 03/18/2016 31 calls
$WMT 66.50 calls
Not a huge expiration but a lot of stock getting called away, bringing a nice amount of cash back in. The timing is pretty good with the market nearing resistance.
Have a great weekend everyone.
ADBE earnings trade, no Photoshopping needed.
Took a flier on the earnings with 100/95/85/80 IC yesterday for 1.10.
ADBE gap and crap today and managed sit on my hands and wait. Hands got numb, but glad as I watched it steadily get back down under 95. Expires worthless for max profit.
NOW call
#Earnings #CoveredCalls BTC $NOW March 18th 60 call for .10 to avoid assignment. I’ll hold on to stock longer.
Off on a vacation for…
Off on a vacation for a week, no cell phone, no internet, by design, it’s available,not much risk on the table
NUGT & UVXY rolls
#ContangoETFs #VXXGame #Rolling
BTC NUGT March 18th 63 call for 5.65. Sold for 112.5 on Tuesday.
STO NUGT April 15th 80 call for 6.10
STO $UVXY June 15 puts for 1.25. This is just part of rolling I’m doing for March 18th 28 puts I closed earlier.
A TRADE: Followed Iceman Thank you.
$UVXY STO 4/1/16 22.0 PUTS @1.11
SPX call spread
One spread for a starter…loosely following a guy that only sells way OTM way out in time when market is overbought. Worked great on the put side with an April 1550/1525 earlier.
Sold 1 SPX JUL 29 2016 2225/2250 Bear call spread @ 2.00
$UVXY #ShortPuts – covered a…
$UVXY #ShortPuts – covered a short put that was in the money just a few hours ago, and replaced it with a new position.
Bought to close UVXY MAR 18 2016 24.0 Puts @ 0.18 (originally sold this long ago at 0.23)
Sold to open UVXY APR 1 2016 22.0 Puts @ 1.11 (half as many contracts to mange risk a bit)
Where I am NOW
From all the adjustments after the January earnings trade in $NOW, I went into today with Apr 15 short 55 calls and a Mar 18 60 straddle (expiring today) which I was letting bleed as much time value as I could. I just did the following:
Rolled today’s 60 puts down and out to Apr 22 55 for 1.60 credit
Bought to close Mar 18 60 calls for .64 (sold for 1.10 on 2/10)
Closing the puts books a profit of 10.03 and the calls .46, so 10.49 goes against the losses; I now have a remaining 2.25 in loss to recover.
Positions are now:
Apr 15 55 calls
Apr 22 55 puts
The loss can now be wiped out with the above expirations if things don’t go crazy with this stock between now and then. Earnings are estimated to be Apr 27.
NUGT question
If GC is down today; why is NUGT up?
Closing WHR puts
Bought to close $WHR Jun 17 85 put @ .06. Sold for 1.65 on 1/15.
Not waiting for the last .06. Taking my 96% max profit off the table 3 months early.
SPX puts sold
#SPXcampaign Sold to Open April 14th 1925/1900 put spreads for 1.30. With volatility having dropped, I’m resuming more traditional put sales. These are sold on an up day only because we’re seeing no down days lately. Maybe this sales will signal a top!
NUGT & UVXY closes
#ContangoETFs BTC $NUGT March 18th 70 call for .20. Sold for 1.00. Avoiding any late day surge. Still have a 63 call to deal with, I will roll that.
#VXXGame BTC $UVXY March 18th 28 put for 4.60. Sold for 1.19 on Feb 8th. Scaling out of these today; may get out of others of less as it is rising; will replace with rolls today or next week.
#SVXY #CoveredCalls – another rollup….
SVXY #CoveredCalls – another rollup.
This one was not as attractive because it was further in the money –
Bought to close SVXY Mar 18 2016 43.5 Calls @ 3.19
Sold SVXY Mar 24 2016 44.0 Calls @ 3.24
$SVXY #CoveredCalls – not willing…
$SVXY #CoveredCalls – not willing to part with my some of long stock just yet so I’m rolling up the strike price for a small credit –
Bought to close SVXY Mar 18 2016 46.0 Calls @ 0.86
Sold to open SVXY Mar 24 2016 47.5 Calls @ 0.91
I’ll hang in there for another week. The new strike is above today’s high print.
$SPY spec trade
Very speculative, but cheap. BTO Mar 31 200/198 bear put spread for 0.25.
SVXY covered calls
Sold $SVXY Sep 16 60 calls @ 3.20 and 3.21
A FEW: Rolled ’em out!
$UVXY BTC 3/18/16 25.0 PUT @2.22 STO @.46
$UVXY STO 3/24/15 25.0 PUT @2.71 .49 Credit
$UVXY BTC 3/18/16 26.0 PUT @3.04 STO @.94
$UVXY STO 3/24/16 26.0 PUT @3.50 .46 Credit
Off to the gym. See yez later.
$NUGT # ShortPuts – Bought…
$NUGT # ShortPuts – Bought to close NUGT Apr 1 2016 30.0 Puts @ 0.05
Originally sold 03/09/2016 @ 0.80
$NUGT #ShortCalls #RollingUP – a…
$NUGT #ShortCalls #RollUP – a couple of rolls in NUGT Calls to avoid assignment today.
Bought to Close NUGT MAR 18 2016 60.0 Calls @ 6.35 / Sold NUGT MAR 24 2016 63.0 Calls @ 6.60
Bought to Close NUGT MAR 18 2016 55.0 Calls @ 11.80 / Sold NUGT Apr 8 2016 60.0 Calls @ 12.58
Net credits on both trades and a big bump in strike price.
GILD Squeeze
BTO Apr1 89.5 Calls for $2.00
Any thoughts on this trade…
Any thoughts on this trade for next week’s expiration – SPX 2085/2105 .50cr?
A TRADE:
$NUGT STO 3/24/16 55.0 CALLS @.95 Coupled with my earlier trade, = a short strangle, & easy on margin buying power. Expires next Thursday. Edit: guess nobody read this. Should read Puts, not Calls. ;>)
TLT put closed
BTC March 18th $TLT 129 put for .10 to avoid possible assignment. Sold for .60 last week.
Rolling down AMZN covered calls
Rolled down Apr 15 650 call to 600 for 2.30 additional credit:
Bought to close Apr 15 650 call for .30 (sold for 2.55 on 3/1)
Sold to open Apr 15 600 call for 2.60
$HOT
STO Jan’18 $65 puts @ $1.48
$NUGT
$NUGT STO 3/24/16 75.0 CALLS @2.30 Speculative. Living on the edge. ;>)
Next week there is only 4 days trading, Good Friday.
PNRA closed
#Earnings BTC $PNRA March 18th 210 calls for 1.00 to avoid possible assignment. With a 190 put also expiring, today completes the make-up trades for PNRA earnings play. Ended up with only a small profit.
Another All-time low notched in…
Another All-time low notched in UVXY at the open. #VXXGame
SPX Support & Resistance for Fri, Mar 18, 2016
Resistance: 2040-43; 2052-55; 2060-65; 2077-82;2091-95
Support: 2031-30; 2020-16; (1991-89; 1987-86);(1969-67; 1960-56);1950-48; 1930-28; 1901-1898
There are several clusters on the Support side since the price action has been very lively this past week.
From 1991 to 1986 there are several Fib Supports there.
Also from 1969-1956 there are several Fib Retracement and Extensions that are within these numbers.
Futures up again, $SPY down…
Futures up again, $SPY down because today is ex-dividend.
#Gold
Gold futures down nicely pre-market so that should put further downward pressure on $NUGT. Will be nice to have today’s expiration to free up a bunch of cash.
Options Bistro 