$NUGT #ShortPuts – Sold NUGT(Weekly) Apr 01 2016 40.0 Puts @ 0.35. These expire Friday.
Daily Archives: Monday, March 28, 2016
$SVXY #CoveredCalls #OptionLadder – sold…
$SVXY #CoveredCalls #OptionLadder – sold the following today
Sold SVXY(Weekly) Apr 01 2016 49.0 Calls @ 0.30
Sold SVXY(Weekly) Apr 29 2016 55.0 Calls @ 0.70
Sold SVXY May 20 2016 60.0 Calls @ 0.50
/VX VIX futures
Long at 17.10 for a small hedge….still prefer XIV to go to 40…LOL Go baby go!
SPX calls sold
#SPXcampaign When $SPX popped up to 2041, sold to open $SPX April 29th 2125/2150 call spreads for 1.35
$SVXY
$SVXY Sold April 15th 51 Covered call @ 0.85. I’m slowly whittling down my long stock position in my regular accounts through assignment and basis reduction. The K1 that arrived Saturday was a surprise to say the least. First time I had held $SVXY over the year end. H&R Tax software can’t handle the K1 because the ETF is a Publicly Traded Partnership. Too many special rules.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Jan 19 2018 90.0 Calls @ 4.10. The highest available strike this far out. I may hold for a day or a year. Or I may cover for a nickel 6 month from now if SVXY implodes. Whatever, it brings in cash now.
SVXY and IBB covered calls
Selling a few weeklies to replace last week’s expiration…
Sold SVXY APR 1 2016 48.0 Calls @ .70
Sold IBB APR 1 2016 257.50 Calls @ 2.50
$UVXY #ShortPuts – Sold UVXY…
$UVXY #ShortPuts – Sold UVXY Apr 15 2016 18.0 Puts @ 0.47. The strike is over 3 points below the all time low on the stock and expires in 18 days.
$HOT
As the bidding war continues for $HOT, the Jan’18 puts I sold are working nicely. I still don’t know when the deal will close, but I believe the worst case right now is that Marriot buy’s them for $79/share.
#GOLD $DXY $UUP $NUGT Looks…
#GOLD $DXY $UUP $NUGT
Looks like even though the dollar is pretty weak today, Gold is hanging in there, but really not catching a bid. Maybe the gold buyers have exhausted themselves.
The past month or so, I’ve had a lot of $NUGT positions on, as positions expired, I entered new one’s. At this point, I’m really not inclined to add any more positions, I plan to work off the existing positions that I have unless $NUGT shows some strength. Just not enough premium in the upside calls right now to make the risk/reward worth it. Since we’ve all seen $NUGT move $15 in a day multiple times I don’t want to sell any calls below $70, and they just aren’t worth anything. If the #Gold/$XME move is over, then selling additional puts right now doesn’t really appeal to me either since this thing could drop like a stone.
#Gold $NUGT Interesting today that…
#Gold $NUGT
Interesting today that Gold is actually hanging in pretty well but the miners are quite weak
$NFLX #ShortPuts – Bought to…
$NFLX #ShortPuts – Bought to close NFLX Jan 20 2017 85.71 Puts @ 9.75 .
These don’t expire for 298 more days but I’m reducing my downside exposure across the board on ultra long term puts in volatile stocks. I think we have a big downdraft sometime this spring.
Originally sold last August at 11.30 and 12.50. At the time I was short a bunch of NFLX calls which are all gone.
SBUX Squeeze Firing this morning.
I closed my Bearish Diagonal on SBUX for a $0.10 loss since FBUX fired long.
I Bought some Apr 8 SBUX 57.5 Calls for $1.68 to catch the move….
I have never traded NUGT…
I have never traded NUGT but I thought I would do 1 put APR1 43/41 bu put 1 contract for .35 cr in paper money. Please tell me your thoughts on this trade.
Closing a rolled NUGT position
Taking this one off for an overall profit.
Bought to close $NUGT Apr 8 63 call @ 2.35.
Sold for 10.20 on 3/3, as a rollout from Mar 18 60 call.
Overall profit 1.58.
NUGT put
#ContangoETFs STO NUGT April 8th 45 put for 2.25. Getting some pressure on some puts, may have to #ReverseRoll if there’s no rebound this week.
$GOOGL iron condor closed
Apr 15 815/805/700/690 closed for 0.90. Originally sold for 1.90. Have been using 50-60% max profit as target for these and even though could squeeze more out of it possibly, I’m trying the TastyTrade method and their research supports this approach. Working thus far for me.
SPX puts closed
#SPXcampaign In Pre-market, Bought to Close $SPX April 8th 1880/1855 put spreads for .20. Sold for 1.25 on March 16th.
Options Bistro 