As NUGT looked to be holding the low from this morning I set up an April 15th 45/35 BuPS with what I considered an unlikely fill.. I sent the trade in and took the dog out for a walk so . Oops! I was filled at 3:16 for 2.10. And then the market rolled over. Need to wait for the last 30 minutes of the day for direction before putting these in.
Daily Archives: Wednesday, March 23, 2016
More NUGT short puts
Adding another position against short calls. Sold $NUGT Apr 29 35 put @ 1.80.
KOLD call
#ContangoETFs Sold to Open $KOLD April 15th 300 call for 3.30
SPX reverse roll attempt
#SPXcampaign I’m not buying this as a breakdown in the market. Volume is low, VIX barely spiking. Still, this trade may not work; won’t let it live if we get much below 2020. This is a #ReverseRoll from stopped call spreads.
Sold to Open $SPX April 14th 2000/1975 put spreads for 5.00, with SPX at 2036.
FSLR short puts
Sold $FSLR Apr 29 (weekly) 60 put @ 1.74
NUGT #ShortCalls #RollUp- rolled my…
NUGT #ShortCalls #RollUp- rolled my only ITM NUGT position for tomorrow’s expiration for a 0.47 credit and boosted the strike price 5 points.
Bought to close NUGT MAR 24 2016 40.0 Calls @ 15.93
Sold to open NUGT MAY 20 2016 45.0 Calls at 16.40
Waiting on big positions at strike 63 that I’m try to exit for a nickel today
/VX VIX futures
Took a shot…went long last night at 16.80 with a sell order at 17.45 while I was at work this morning. Got filled for a 65 tick winner. Usually play this thing from the short side but seemed like some little pullback had to happen at some point. I’ll take it!
RIG puts
Sold $RIG May 20 7.00 puts @ .35. It’s been a steep pullback but I’m willing to take assignment if the stock is below 7 at May expiration. The strike is below the Feb 24 low of 7.67, and another 25% down from current levels. Earnings are not expected until after May options expiration.
SPX open and shut
#SPXcampaign STO $SPX April 8th 1950/1925 put spreads for 1.30, with SPX at 2039.
BTC SPX April 8th 2050/2075 call spreads for 9.50, with SPX at 2040. Sold for 8.10 on March 11th when SPX was at 2016. Hopefully the last call spread I need to close. Next highest is 2070 short expiring 4/1.
A TRADE:
$VRX STO 4/1/16 36.0 CALLS @1.21 Covered
$SVXY Closed my $47 Coveredcall…
$SVXY Closed my $47 Coveredcall trade I entered on monday for a small gain. $SVXY looking pretty weak today and didn’t want to see this turn into a loss. Sold stock and BTC March 25 $47 calls
SBUX Diagonal
SBUX is having earnings in 29 days; in order to try to take advantage of the IV into earnings I bought a Diagonal Put spread as follows: Bought the Apr 22, 61 Put and Sold the Apr 15, 57.5 Put for a net debit of $2.10
My stop is at $60, otherwise I’ll hold the position until the 57.5 expires or I make 60% of max profit.
GILD puts
Sold $GILD May 20 82.50 puts @ 1.36
Closed $NUGT IC for a…
Closed $NUGT IC for a $6.00 net loss….Well bad timing on my part. I knew it was on a squeeze and sold some puts yesterday, which eroded my Calls profits. Can’t trade against squeezes. They will fire violently
NUGT
BTC Apr 15 95/105 call spread. Originally collected 1.25, BTC for 0.27
STO Apr 1 45/40 BuPS for 0.73.
$NUGT
$NUGT Closed my April 8th 45/50 BuPS @ 1.80 when my stop was hit.
Selling NUGT puts
Sold $NUGT Apr 15 38 puts @ 1.20. Offsetting short calls.
NUGT down trades
#ContangoETFs BTC NUGT March 24th 75 call for .05. Sold for 1.25 yesterday.
STO April 1st 50 put for 1.90
STO April 8th 45 put for 1.80
SPX puts sold
#SPXcampaign Sold to Open $SPX April 1st 1985/1960 put spreads for 1.45.
#Gold $NUGT Getting creamed this…
#Gold $NUGT
Getting creamed this morning.
Options Bistro 