#SPXcampaign Sold to Open April 29th 1880/1855 put spreads for 1.35, with SPX at 2030.
Monthly Archives: March 2016
SPX calls closed
#SPXcampaign In pre-market, bought to close $SPX April 8th 2110/2140 call spreads for .20. Sold for 1.25 on March 17th.
$NUGT #ShortPuts – Sold NUGT(Weekly)…
$NUGT #ShortPuts – Sold NUGT(Weekly) Apr 01 2016 40.0 Puts @ 0.35. These expire Friday.
$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 Expiration
Expired Full Profit
$SPXW 3/24 2075/2050 BECS
$SPXW 3/24 1905/1930 BUPS
$SPXW 3/24 1725/1750 BUPS
#optionsexpiration
$UVXY #ShortPuts – Sold UVXY…
$UVXY #ShortPuts – Sold UVXY APR 22 2016 17.5 Puts @ 0.46, replacing the strike 23 puts that expired today
$SPX
$SPX Sold to open April 15th 2100/2120 BeCS @1.20. Filled just before the close.
#OptionsExpiration #Weeklys #Mar24 – a…
#OptionsExpiration #Weeklys #Mar24 – a very good week, especially with NUGT closing below 63 and UVXY closing above 23.
— Expirations —
DUST (Weekly) Mar 24 2016 3 Puts
FEYE (Weekly) Mar 24 2016 19.5 Calls (covered)
NUGT (Weekly) Mar 24 2016 63 Calls
NUGT (Weekly) Mar 24 2016 75 Calls
NUGT (Weekly) Mar 24 2016 80 Calls
NUGT (Weekly) Mar 24 2016 90 Calls
NUGT (Weekly) Mar 24 2016 105 Calls
SVXY (Weekly) Mar 24 2016 47.5 Calls (covered)
UVXY (Weekly) Mar 24 2016 22 Puts
UVXY (Weekly) Mar 24 2016 23 Puts
UVXY (Weekly) Mar 24 2016 80 Calls
WDC (Weekly) Mar 24 2016 53.5 Calls
XOP (Weekly) Mar 24 2016 31.5 Calls (covered)
— Assignments —
DUST (Weekly) Mar 24 2016 5.5 Puts
#OptionsExpiration $NUGT $28 puts $NUGT…
#OptionsExpiration
$NUGT $28 puts
$NUGT $35 puts
$NUGT $40 puts
$NUGT $42 puts
$NUGT $80 calls
$NUGT $90 calls
$NUGT $95 calls
$NUGT $100 calls
$NUGT $105 calls
$UVXY $80 calls
$UVXY $95 calls
Have a great weekend
Options Expiration 3/24/16
Not much this week. Before the bell, BTC $FB 111 call for 2.00 to avoid assignment. Sold for 1.00, so a loss. My short stock position not looking great, but if we get more pullback I can get out.
— Expiring —
NUGT 37 & 40 puts
Have a great three day weekend, all!
#OptionsExpiration for 3/24 Only 1…
#OptionsExpiration for 3/24
Only 1 expiration today:
$NUGT 03/24/2016 80 calls.
No assignments.
Have a great 3 day/holiday weekend everyone.
SPX iron condor
STO May 6 2135/2125/1850/1840 for 1.65.
SPX calls sold
#SPXcampaign Sold to Open $SPX April 22nd 2100/2125 call spreads for 2.50, with SPX at 2035.
SOME TRADES:
$VRX STC STOCK @32.30 BTO @30.45
$ETE STC STOCK @6.53 BTO @7.54
$UVXY BTC 3/24/16 26.0 PUTS @1.13 ROLLING
$UVXY STO 4/1/16 26.0 PUTS @2.55 1.42 CREDIT
$NUGT BTC 3/24/16 55.0 PUTS @3.00 ROLLING
$NUGT STO 4/1/16 55.0 PUTS @4.65 1.65 CREDIT
$NUGT STO 4/1/16 65.0 CALL @1.08 No margin cost, against puts. Whew!
$SVXY #CoveredCalls #Rollup – rolling…
$SVXY #CoveredCalls #Rollup – rolling up another strike for a credit in an IRA account –
Bought to close SVXY Mar 24 2016 46.0 Calls @ 0.05 (Sold last Friday at 1.63 on another rollup)
Sold to open SVXY Apr 01 2016 48.5 Calls @ 0.35.
$SVXY #CoveredCalls #VXXGame – Sold…
$SVXY #CoveredCalls #VXXGame – Sold SVXY(Weekly) Apr 08 2016 51.0 Calls @ 0.20
$SVXY #ShortPuts – Sold SVXY(Weekly)…
$SVXY #ShortPuts – Sold SVXY(Weekly) APR 1 2016 38.0 Puts @ 0.20. These expire next Friday.
$JOY $KATE #ShortStock – covered…
$JOY $KATE #ShortStock – covered a couple of short stock positions this morning at small gains. The stocks were short because of short calls that I didn’t want to take a loss on and were assigned.
Bought to cover $JOY @ 14.98. Stock originally shorted at 15 and 15.5 plus call premiums
Bought to cover $KATE @ 23.99. Stock originally shorted at 24 plus call premiums
$SVXY #ShortPuts – Sold SVXY(Weekly)…
$SVXY #ShortPuts – Sold SVXY(Weekly) APR 1 2016 39.0 Puts @ 0.33. These expire next Friday.
$SVXY
$SVXY I was out this morning so I put a closing order on before I left on my June 43 and 40 Puts. I had rolled these back in February as part of capital preservation when I thought I would be away through mid March.
Bought to close June 40 Put @ 4.00, originally sold for 9.28
Bought to close June 43 Put @ 5.10, originally sold for 12.25.
After all the number crunching I ended up with 0.93 credit and capital preserved.
Sold to open April 40 Put @ 1.20 as part of the order set.
$SVXY #CoveredCalls #Rollup – rolling…
$SVXY #CoveredCalls #Rollup – rolling up my strike price again for a credit in an IRA account –
Bought to close SVXY Mar 24 2016 45.5 Calls @ 0.05 (Sold last Friday at 1.76 on another rollup)
Sold to open SVXY Apr 01 2016 48.5 Calls @ 0.26.
The new strike price is right about at this week’s high trade price so I’m fairly sure it will expire.
AMZN looks Bullish!
Normally I would buy calls when a stock or ETF is on a squeeze, but AMZN is too close to earnings for that.
So, I’m STO Apr 15 555/540 BuPS for $3.05
Thanks rknight52 for posting AMZN move….
AMZN
STO Apr 15 620/615/525/520 IC at 1.15.
Expires before earnings. Will close at 50% max profit.
May have been early on this as AMZN looks like it wants to possibly squeeze to the upside. We will see.
SPY bear put spread closed
STC Mar 31 200/198 bear put spread for 0.36.
Originally bought as a spec trade last week for 0.25.
I’m closing some stuff today in light of the 3 day weekend. Really didn’t think this would be profitable but since it is today, I’ll take it.
$CMG #CoveredPuts – Sold CMG(Weekly)…
$CMG #CoveredPuts – Sold CMG(Weekly) Apr 01 2016 415.0 Puts @ 0.65
TLT calls
Sold $TLT May 20 135 calls @ 1.14
UVXY & NUGT
#VXXGame BTC April 29th 20 put for 1.84 yesterday. Sold for 1.82 on 3/17.
Today: STO UVXY May 6th 32.5 call for 2.85 (highest strike)
STO UVXY May 20th 50 call for 1.98
#ContangoETFs BTC NUGT April 15th 105 calls for .25. Sold for 1.425 on 3/16
SPX puts sold
#SPXcampaign Sold to Open $SPX April 22nd 1875/1850 put spreads for 1.30, with SPX at 2023.
SPX iron condor closed
SPX Apr 15 2120/2110/1860/1850 originally sold for 1.70.
BTC at 0.75. 55% max profit. This market is strange so glad to close this at this level of profit.
$NUGT
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.
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.
$NFLX #ShortPuts – Bought to…
$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.
$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
Options Bistro 