$NFLX #ShortPuts – Bought to close NFLX Jan 20 2017 88.57 Puts @ 11.0.
Originally sold last August at these prices: 11.30/12.40/13.75/16.0
I’ve written at least 10 sets of calls against this position for additional profits.
Daily Archives: Tuesday, March 22, 2016
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY May 20 2016 60.0 Calls @ 0.70. New expiration month now trading.
$NUGT
Sold April 08th 45/50 BuPS @ 0.80. Filled at the close. Following along in my humble way. Thanks all.
NUGT Short Put
STO Apr 22 NUGT 50 Put at $2.96
Thank Jeff…
UVXY roll
NFLX iron condor
STO Apr 15 115/110/90/85 for 1.05.
Expires before earnings. Will take profits at 50% if able.
Breaking up with ZSL…for now
Closing my last position in ZSL and now I am ZSL free. It was good for a while but the relationship lost its excitement so I gotta move on. NUGT has been where the action is. Maybe you’ll be back one day, ZSL, and we can talk about spending some more time together, even with your high carrying cost and all.
So….NUGT…will you accept this rose?
Bought to close $ZSL May 20 80 call @ .10. Sold for 3.00 on 12/30/15.
UVXY: Reducing some exposure
I have an oversize position in January that I built up during the volatility from Sep-Feb. Peeling a few positions off at 80+% of max profit, to reduce exposure into market strength.
Bought to close $UVXY Jan 20 2017 170 calls @ 3.35. Sold for 18.00 on 2/8 and 17.00 on 1/19.
$NUGT
Taking a smallish position here.
$NUGT Sold to open April 15th 90/100 BeCS for 0.90.
NUGT puts
#ContangoETFs
STO Apr 1st 53 put for 1.30
STO Apr 15th 45 put for 1.45
$UVXY Puts
Closed out my April 1 and April 15 $20 puts today. Reverse rolled them into a bunch of calls.
STO April 22 $40 calls @ $.77
STO April 15 $40 calls @ $.45
STO April 8 $37 calls @ $.41
With Volatility continuing to get crushed I decided to stop rolling into short strangles and just plain go with short calls.
With these trades and my being long some $SVXY stock, the market is now cleared for a 10% correction starting tomorrow.
SPX puts closed
#SPXcampaign Bought to close $SPX April 1st 1925/1900 put spreads for .20. Double-sized position sold for 1.60 last Wednesday.
/VX VIX futures
Watching here…maybe long if we get closer to 16ish. Could be a nice time for cheap insurance. SPY puts possibly? Anyone else looking at protection of any sort?
DUST covered calls
Just scooping a little premium wherever I can. Decent size position so .20 adds up. Stock basis now down to 3.30
Sold DUST APR 15 2016 4.0 Calls @ .20
NUGT put roll (up)
Currently holding April 30/105 unbalanced (1/2) strangles. Since I’m also long DUST and short other calls and call spreads on NUGT I feel it’s worth the risk to tighten up my put side.
Rolled NUGT April 30 put up to 50 for 2.20 credit. Total premium on the strangle is now 5.20 so put side breakeven is just below where the 50ma will be at expiration…not that that will matter if this thing starts tanking!
$NUGT
Now negative on the day.
Was up to $70 earlier, but the option premiums for the $100/$105 calls even out a month really didn’t jump much so didn’t offer a great opportunity to sell hard.
IBB…so far so good
Gotta buy when everyone else hates it. Money coming back into biotech? Maybe everyone is realizing how much the drug companies have donated to Hillary. LOL! 260 covered calls I’ll look at rolling later this week if it blasts thru the 50ma.
TRADES:
$VRX BTO STOCK @30.45
$VRX STO 3/24/16 31.0 CALLS @ 1.25 Similar to trade I just closed, except for prices and strikes. 2.5 days to go. Nickel and diming Mr. Mkt.
NFLX Squeeze…
STO Apr 15 NFLX 103/107 BeCS for $1.18; This is the week before earnings….
TRADES:
$VRX STC STOCK @30.65 BTO @29.25 BTO Yesterday
$VRX BTC 3/24/16 29.50 CALLS @2.03 Nothing more to b made by waiting to expiration.
$NUGT
STO Apr 8 $100 call @ $1.10
SPX puts sold
#SPXcampaign Sold to Open $SPX April 22nd 1910/1885 put spreads for 1.40.
NUGT calls
#ContangoETFS STO NUGT March 24th 75 call for 1.25
STO NUGT April 8th 90 call for 2.25
$UA #ShortPuts – Bought to…
$UA #ShortPuts – Bought to close UA Apr 15 2016 65.0 Puts @ 0.05. They can’t trade any lower.
Originally sold at 1.40 last October.
Options Bistro 