$RRC – covered the short stock position that I took when the March 32.5 Calls were assigned Friday –
Bought to cover RRC at 32.50. Small profits from the trade, even after commissions.
Daily Archives: Monday, March 21, 2016
$SVXY #CoveredCalls – replacing positions…
$SVXY #CoveredCalls – replacing positions that expired Friday in an IRA account. Covered now for the next two weeks.
Sold SVXY Apr 01 2016 51.5 Calls @ 0.30
Sold SVXY Apr 08 2016 50.0 Call @ 1.10
$SVXY #Coveredcalls
With the slow grind higher in the market and the $VIX futures curve in a pretty good contango now, I decided to dip my toe in $SVXY today. Even when the market was down this morning, $SVXY stayed positive. I’m still leary about the market and expect it to pull back so took a very short term trade.
Bought stock @$47 and sold March 25 $47 calls @ $1.00
If this doesn’t cause the market to pull back, I don’t know what will. Even if the market does pull back a bit now, $SVXY likely won’t drop much given where $VXX is at and the look of the curve.
A TRADE: Didn’t get done…
A TRADE: Didn’t get done till the last few minutes.
$ETE BTO STOCK 7.54
$ETE STO 4/8/16 CALLS @.32
Some more KOLD
Most of my KOLD short call exposure has rolled off in the last couple of months. I still have some high maintenance in the money positions that I’ll have to deal with for May but I decided to throw one out there in April at the highest strike, with today’s big spike up.
Sold $KOLD Apr 15 300 call @ 3.50.
SPX, SPY — how high is the sky?
Keep thinking we’re gonna get a pull back, but things keep going up. Today 2050 and 205 seem like a little resistance. Would like to see a pullback so I can unwind a position for Apr 1.
Sort of reminds me of an old Sly and the Family Stone song (showing my age here): “I want to take you higher” https://www.youtube.com/watch?v=cDjnB_61k58
RTN Spec. Trade
I did a low risk / high reward trade in RTN…BTO Apr 15 125/130 BuCS for $1.13; which is my max loss. The trade can make $5 – $1.13 = $3.87 pp So my POP is only 1.13 / 5 = 23% but I don’t mind because it on a squeeze and if it fires long I’ll make my profit, and if it doesn’t, well it is small loss.
#VXXGame Third day straight of…
#VXXGame Third day straight of new all-time UVXY low.
Inertia Creeps; we’re Moving Up Slowly
From one of my favorite albums; it has nothing to do with the stock market, but it’s what I think of when I hear someone say “moving up slowly.”
AAPL Bearish Trade
BTO Apr 8 AAPL 107 Puts at $2.59…I got stopped out this morning when AAPL went up like a rocket, but I still think that it will come down. Big move up was totally rejected.
A TRADE: Speculative Buy/Write
$VRX BTO STOCK @29.25
$VRX STO 3/24/16 29.50 CALL @1.66
Closing AAPL Bought to close…
Closing AAPL Bought to close $AAPL Jul 15 75 puts @ .26. Sold for 1.40 on 1/6. Taking 80% max profit off the table almost 4 months early. I’ll continue to look for opportunities to take short AAPL puts off into the continued strength.
BIB vs IBB
Figured today was a good day to do this after Friday expiration. I sold all my BIB in the #401k and bought an equal dollar amount of IBB. I like the idea of having the weekly options available in IBB.
Then:
Sold IBB Mar 24 2016 560.0 Calls @ 1.70
$SVXY
Sold April 15th 51 Covered Call @ 1.10
$BOIL ?? Anyone selling calls on $BOIL?
I’m still learning about these contango plays and primarily watching and learning, but $BOIL seems to be steadily declining so wondering about selling calls or call spreads here. Thoughts from those who do this?
Morning all. I’m back from…
Morning all. I’m back from that cross country jaunt moving my daughter to her next research station. I had a few options I left on and these expired last Friday as well as being assigned on CALM. Now its time to wrap my head around the market again.
HTS 20 Put
MAIN 29.73 Put
IVR 11 Put
CALM 50 Covered Call Assigned.
#optionsExpiration
AAPL, GILD, FB, SPY Trades
Closed the AAPL BeCS for a Loss. Sold on 3/7 for $0.68 Bought for $1.30
Closed some of the GILD Calls for a win. Bought on 3/18 for $2.00 Sold today for $3.22.
Closed the FB Dia for a win. Bought on 3/8 for $5.75; Sold today for $7.50.
Rolled the SPY short leg for a $1.12 Credit.
KOLD & UVXY
#ContangoETFs BTC KOLD May 85 puts for .40. Sold for 2.10 on 1/29.
#VXXGame STO UVXY June 80 calls for 1.30 (#Rolling from 28 puts closed Friday)
Options Bistro 