I closed the MCD 116 Calls for $8.30 which I had bought for $5.27…
Also closed the MCD 117/123 Diag for $6.03 for a $1.15 win…..
Happy days are here again!
Monthly Archives: March 2016
Earnings plays this week?
Earnings plays this week? Any thoughts on NKE, FDX, ADBE?
UVXY puts
Offsetting short calls with some puts in Apr 1.
Sold $UVXY Apr 1 (weekly) 22 puts @ .60.
NUGT…getting out of the way for now
Playing it safe….I DO NOT want to own this thing up here. Only other puts on the book are April 30/105 strangles.
Bought to Close NUGT MAR 18 2016 50.0 Puts @ 2.08 (sold for 3.25)
On a side note…couldn’t be happier with the risky decision I made a few weeks ago to take off the long side 10 baggers of some bear call spreads!
$NUGT
Hey guy’s, I’m back. Strange story. Went to see the Dr last Tuesday afternoon for a follow up appt. since I wasn’t feeling any better from prior week. Decided that I needed to get a chest X-Ray and some blood work. Well, as it turned out, I had a collapsed lung so the X-Ray folks walked me straight to the ER and was stuck in the hospital with a chest tube until about lunch time today. Had a massive amount of $NUGT puts and calls expire last week that I didn’t get a chance to post.
Great to be home.
I’ve been trying to make some $NUGT trades this afternoon but haven’t had much luck since the bids on the call side are just non-existent. /GC is just collapsing so maybe this is the turn lower.
STO Mar 25 $42 puts @ $1.05
STO APR 22 $105 calls @ $1.65, made this trade just to add more short exposure in case $NUGT continues to roll over. Highest strike so even if I’m wrong and $NUGT turns around and heads higher, it won’t really hurt me and I’ll add to position at better prices.
A TRADE: Taking a shot. Kind of speculative.
$NUGT STO 3/18/16 68.0 CALL @.85
Collecting NUGTs
NUGT 03/24/2016 40.00 P @.70
NUGT 03/18/2016 45.00 P @.60
NUGT 03/18/2016 48.00 P @.95
$HAL rolled a March 18…
$HAL rolled a March 18 35 covered call to April 36 for a credit of 36.
$DUST sold April 15 5 covered call for .37
More NUGT
#ContangoETFs STO NUGT March 18th 48 put for 1.25
STO March 24th 40 put for .80
STO June 17th 20 put for 1.00
SOME TRADES:
$NUGT 3/18/16 48.0 PUTS @1.05 & 1.15 Followed Jeff. Thank you.
$EXPE Closed an $EXPE BuPS 105/98 at .65. Followed Pvt Trader the other day. Thank you.
$DUST STC STOCK @3.90 Wanted to free up some buying power. BTO @3.60
$TSLA #ShortPuts – Bought to…
$TSLA #ShortPuts – Bought to close 1 TSLA Mar 18 2016 115.0 Put @ 0.01
Originally sold @ 1.20 in February right around earnings
$SVXY #ShortPuts – switched a…
$SVXY #ShortPuts – switched a short put position from in-the-money to out-of-the-money
Bought to Close SVXY Mar 18 2016 45.0 Puts @ 2.40 (originally sold at 3.60 last August)
Sold to Open SVXY Mar 18 2016 40.0 Puts @ 0.40 (twice the number of contracts)
This position now allows for the overdue market pullback.
BIB stock and covered calls
Bought stock around 41 last week so going for a quick cover and an extra buck. This is in an #IRA that I just got options approval on today. 🙂
Sold BIB Mar 18 2016 42.0 Calls @ 1.04
UVXY stock and covered calls
Had stock put to me on Friday at a basis of 33.88. Originally had 50/75 Bear call spreads also that I have continually rolled down to keep the stock tightly covered since I don’t trust it for a second. Rolled down from 50 to 40 to 31 and now 27 for additional credit of 4.05 bringing my cost basisi down on the stock to 29.83. The last roll is a little under my basis but I’m happy sitting on it this week for the added protection and then making an adjusting roll or another sale late this week. For now trying to reduce basis as quickly as possible…
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT Mar 18 2016 40.0 Puts @ 0.20. Paired with existing short calls for this week that I would like to see expire
$SVXY #CoveredCalls- SVXY has rallied…
$SVXY #CoveredCalls- SVXY has rallied back to even on the day, but I’ve sold some calls at prices higher than I was able to get last week.
Sold SVXY Apr 01 2016 47.0 Calls @ 0.75
Sold SVXY Apr 15 2016 50.0 Calls @ 0.65
Sold SVXY Apr 29 2016 50.0 Calls @ 1.20
Sold SVXY Sep 16 2016 60.0 Calls @ 2.30
$BIDU Moving Up
BTO $BIDU 4/15 185/195 BUCS @ 4.44
LNKD on the move…
STO Apr 1 LNKD 115/110 BuPS for $1.50 crd.
$AMBA sold April 15, 45…
$AMBA sold April 15, 45 calls @ 1.00, AMBA is just under 40. I’ll keep chippin away
SPX calls stopped
#SPXcampaign Bought to close $SPX March 17th 2025/2050 call spreads for 6.50. Sold for 1.50 on Feb 16th. This blew through my STOP on Friday, so needed this pullback for a less painful exit. I’m keeping track of the costs of stops and will work in “rolls” in coming weeks to chip away at the losses premium.
SPX puts sold
#SPXcampaign Sold to Open $SPX March 24th 1950/1925 put spreads for 2.05. Fairly aggressive hedge to my call spreads… if this one gets in trouble I will be happy for the relief.
STO Apr 1st FB 105/101…
STO Apr 1st FB 105/101 BuPS at $0.58 crd.
morning NUGT
#ContangoETFs STO NUGT March 18th 48 puts for .65
$ULTA
Gapped up on earnings.
STO 180/185 March 18 BUPS for .6
Expect gap to hold for the week.
March 11
Caught in Friday S&P Updraft
March 11 2045/2020 BECS (lost $2.19 per contract)
Assigned UVXY @$30 Since this keeps going down, I suspect I should sell on Monday?
Expired with full profit
NUGT $75 calls
NUGT $80 Calls
NUGT $35 Puts
$SPX 2050/2025 BECS
When it is Best to Sell an Option and to take Profits.
A nice segment from the guys at Tasty Trade covering time decay and the why they do what they do when selling options.
https://www.tastytrade.com/tt/daily_recaps/2016-03-11/episodes/tips-for-new-traders-the-role-of-time-decay-03-11-2016
It explains why they get out with 50% profit on all short options.
Why they prefer selling higher IV options.
And why they go out 45 days when selling OTM options.
Very interesting.
$SVXY #CoveredCalls – a couple…
$SVXY #CoveredCalls – a couple of late reports on SVXY as it closed at the high of the day
Sold SVXY Mar 18 2016 46.0 Calls @ 0.30
Sold SVXY(Weekly) Mar 24 2016 47.5 Calls @ 0.30
$SVXY #CoveredCalls – rolled this…
$SVXY #CoveredCalls – rolled this position again this week.
Did better that last week.
Bumped the strike price up a point PLUS got a credit of 0.65 per contract
Bought to close SVXY Mar 11 2016 42.5 Calls @ 0.42 (sold last week @ 0.87)
Sold to open SVXY Mar 18 2016 43.5 Calls @ 1.07
#OptionsExpiration #Mar11 #Weeklys – a…
#OptionsExpiration #Mar11 #Weeklys – a good week with SVXY up, UVXY down and NUGT not running away
— Expirations —
APC (Weekly) Mar 11 2016 53 Calls
CF (Weekly) Mar 11 2016 40 Calls
CHK (Weekly) Mar 11 2016 6.5 Calls
CMG (Weekly) Mar 11 2016 440 Puts (Covered)
COP (Weekly) Mar 11 2016 42.5 Calls (Covered)
JOY (Weekly) Mar 11 2016 19 Calls (Covered)
MOS (Weekly) Mar 11 2016 33 Calls
NTAP (Weekly) Mar 11 2016 28 Calls (Covered)
NUGT (Weekly) Mar 11 2016 40.5 Puts
NUGT (Weekly) Mar 11 2016 41 Puts
NUGT (Weekly) Mar 11 2016 41.5 Puts
NUGT (Weekly) Mar 11 2016 42 Puts
NUGT (Weekly) Mar 11 2016 42.5 Puts
NUGT (Weekly) Mar 11 2016 75 Calls
NUGT (Weekly) Mar 11 2016 80 Calls
NUGT (Weekly) Mar 11 2016 84 Calls
NUGT (Weekly) Mar 11 2016 89 Calls
SVXY (Weekly) Mar 11 2016 43 Calls (Covered)
SVXY (Weekly) Mar 11 2016 43.5 Calls (Covered)
SVXY (Weekly) Mar 11 2016 44 Calls (Covered)
SVXY (Weekly) Mar 11 2016 44.5 Calls (Covered)
TWTR (Weekly) Mar 11 2016 21.5 Calls (Covered)
UVXY (Weekly) Mar 11 2016 80 Calls
UVXY (Weekly) Mar 11 2016 90 Calls
VALE (Weekly) Mar 11 2016 5 Calls (Covered)
WDC (Weekly) Mar 11 2016 55 Calls
X (Weekly) Mar 11 2016 16 Calls
XOP (Weekly) Mar 11 2016 30 Calls (Covered)
— Assignments —
DUST (Weekly) Mar 11 2016 7 Puts
#OptionsExpiration for 3/11 Expiring: $NFLX…
#OptionsExpiration for 3/11
Expiring:
$NFLX 03/11/2016 102 calls
$NUGT 03/11/2016 75 calls
$NUGT 03/11/2016 76 calls
$NUGT 03/11/2016 80 calls
$NUGT 03/11/2016 89 calls
$UVXY 03/11/2016 80 calls
$UVXY 03/11/2016 90 calls
$UVXY 03/11/2016 105 calls
No assignments this week.
Options Expiration 3/11/15
#OptionsExpiration What started out okay turned out to be a crappy end.
— Expiring with max profit —
NUGT 40, 48, and 50 puts
NUGT 70 calls
— Expiring with losses —
SPX 2015/2040 call spreads
SPX 2020/2045 call spreads
SPX 1650/1625 LONG put spreads… small position bought awhile ago…. hmmm, not quite.
SPX call spreads hammered
#SPXcampaign Two spreads I had thought would expire hammered me at day’s end. Allowing the 2015 and 2020 calls expire ITM and taking the loss based on settlement. It should be a more favorable price than trying to work the bid/ask spread (especially since IB does not charge for execution).
Will add to my list of rolls for next week.
RTN Trade; Amazing!
That was an amazing trade; bought the options at the high and sold them right at the lows of the day…A quick $200 loss. Now If I could learn to do it in reverse, everything will be fine….:-P
UVXY roll
SPX puts closed
#SPXcampaign Bought to close $SPX March 24th 1825/1800 put spreads for .15. Double position sold for 1.30 on March 1st.
UVXY: Reducing more short volatility positions
Taking these off at high max profit levels, continuing to reduce exposure into market strength.
Bought to close UVXY Mar 18 60 call @ .03 (sold for 8.36 on 8/20/15)
Bought to close UVXY Apr 15 90 call @ .20 (sold for 2.20 on 2/23/16)
Bought to close UVXY Jun 17 80 call @ 2.15 (sold for 10.40 on 1/7/16)
Bought to close UVXY Jun 17 85 call @ 1.95 (sold for 15.00 on 1/19/16)
RTN squeezing
BTO Apr 15 RTN 125 Calls at $2.19
SVXY covered call
Sold $SVXY Sep 16 60 call @ 2.20
SPX roll calls
#SPXcampaign Sold to Open $SPX April 8th 2050/2075 call spreads for 8.10. Yes, I am still fighting the cup trend… this is a roll from previously stopped call spreads. Stop will be 2030. Will try to exit when price of spread drops below 4.00.
MCD Open Interest
MCD OI on the Apr 22nd 116 Call is 24,898 the next higher OI is 82…go figure.
SPX puts closed
#SPXcampaign Bought to close $SPX March 17th 1880/1855 put spreads for .15. Sold last week for 1.01.
MCD Diagonal
MCD is on a squeeze and moving higher, so I added a Dia
BTO Apr 22 MCD 117 Call at $5.98 and STO Apr 1 MCD 123 Call at $1.10
As there are 41 to earnings the Apr 22nd has 42 DTE, so it should increase in IV while the Apr 1st won’t.
GOOGL BuPS
STO Apr 15 680/670 BuPS for 1.20.
Will look to complete iron condor if able and will also look to take profits early.
POP is at 84%
$SVXY #CoveredCalls – generating cash…
$SVXY #CoveredCalls – generating cash by adjusting my call positions
Bought to close SVXY Jun 17 2016 80.0 Calls @ 0.04 – Originally sold at 1.60 on 12/21
Sold to open SVXY(Weekly) Apr 29 2016 50.0 Calls @ 1.10
FB call
#Earnings STO $FB March 24th 111 call for 1.10. Still trading around my short stock position, waiting for a deeper pullback.
$SVXY #CoveredCalls – Sold SVXY(Weekly)…
$SVXY #CoveredCalls – Sold SVXY(Weekly) Apr 01 2016 47.0 Calls @ 0.70. Adding to my position.
$KOLD #ShortPuts – Sold KOLD…
$KOLD #ShortPuts – Sold KOLD Mar 18 2016 180.0 Puts @ 1.60. Just a teeny bit better premium than yesterday 🙂
edit: added more @ 1.81. Now are my short calls are paired with short puts, so done for now.
Support & Resistance for Fri Mar 11, 2016
The levels have not changed since yesterday.
Resistance: 2009-2011. 2020-2023. 2030-2032. 2050-2054. 2064-2066. 2080-2082. 2098-2100.
Support: 1978-80; 1962-60; 1956-55; 1933-35; 1909-10; 1886-90;
$SVXY #CoveredCalls – Bought to…
$SVXY #CoveredCalls – Bought to close SVXY Jun 17 2016 80.0 Calls @ 0.04.
Originally sold 12/21/2015 @ 1.55
$KOLD #ShortPuts – Sold KOLD…
$KOLD #ShortPuts – Sold KOLD Mar 18 2016 180.0 Puts @ 0.60. Sold them more out of frustration than anything.
If I was early, and the stock makes it to 180 in a week, all you CALL sellers can thank me later for doing my part to force it down.
Closing FB puts
Bought to close $FB Apr 15 87.50 puts @ .20. Sold for 1.26 on 2/5.
I’m taking around 85% max profit now instead of waiting over a month for the last .20.
SPX calls
#SPXcampaign Sold to Open March 23rd (Wed expiry) 2050/2075 call spreads for 1.50. First try on a Wednesday weekly… that week’s regular weeklys expire on Thursday due to Good Friday holiday, so this is only one day earlier.
SPX BuPS Closed
BTC Apr 1st SPX 1750/1735 BuPS for $0.20 Sold for $1.50
UVXY puts
#VXXGame Sold to Open $UVXY April 8th 22 puts for .60
GOOGL Credit Spread
STO Apr 1st GOOGL 700/682.5 BuPS for $2.54 Crd.
Aug BIB
Adding to my May 30 puts and creating a ladder
Sold $BIB Aug19 25 puts @ 1.60
BIB hasn’t seen 25 since July 2013. I’m willing to take the chance that it doesn’t have another 35% down move between now and August. Delta of the puts is 13.
HON trade Closed
STC Apr 15 HON 105 Calls for $4.85 Bought for $3.75 last week.
USO trade closed
BTC Apr 15 USO 8.5 Puts for 0.15 Sold for 0.55
SPX calls closed
#SPXcampaign Bought to close $SPX March 11th 2025/2050 call spreads for .15. Sold for 1.50 on Feb 16th. Still short two others for March 11th with shorts at 2015 and 2020; will allow to expire.
GOOGL iron condor closed early
Closed GOOGL Apr 1 810/800/650/640 IC for 60% max profit.
STO on 2/23 for 1.50 and BTC today for 0.60. Could probably have held longer and gotten more out of it as GOOGL continues consolidation, but glad to take the profit and free up capital.
$UVXY #ShortPuts – Sold UVXY…
$UVXY #ShortPuts – Sold UVXY Apr 08 2016 20.0 Puts @ 0.40.
Trying to encourage SVXY to go UP.
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT MAR 18 2016 105.0 Calls @ 0.30. These expire NEXT Friday.
$SVXY #CoveredCalls – nice to…
$SVXY #CoveredCalls – nice to finally get some decent premium. Adding to my cash position
Sold SVXY(Weekly) Mar 24 2016 47.5 Calls @ 0.25
Sold SVXY(Weekly) Apr 01 2016 47.0 Calls @ 0.60
Sold SVXY Apr 15 2016 50.0 Calls @ 0.55
Sold SVXY(Weekly) Apr 29 2016 50.0 Calls @ 1.00
Sold SVXY Sep 16 2016 60.0 Calls @ 2.00
$SVXY #CoveredCalls – the first…
$SVXY #CoveredCalls – the first of many SVXY orders that filled today. Covering a bunch of calls 100 days out so I can sell closer in, lower strike calls for more cash.
Bought to close 12 SVXY Jun 17 2016 85.0 Calls @ 0.03
Bought to close 19 SVXY Jun 17 2016 85.0 Calls @ 0.05
Bought to close 3 SVXY Jun 17 2016 95.0 Calls @ 0.02
On the 85s, originally sold 1 @ 6.70 on 10/23/2015 and the rest @ 1.25 average price on 12/22/2015
On the 95s, originally sold from 10/28 thru 11/02 at 3.50, 4.00, and 4.40
EXPE Credit Spread.
STO Apr 1st EXPE 105/98 BuPS for $1.32
EXPE is on a daily Squeeze, and began moving up this morning with the market.
/VX futures
Sosnoff and the tastytrade boys are convinced they’re gonna suck 3 or 4 days of volatility premium out of the market later today so selling a future against my short UVXY puts. I’ll probably be rolling down the short side of next week’s bear call spreads as well to cover the UVXY stock.
SOLD April /VXJ6 @ 20.05
Going with the April contract here since it will become active in the next few days…
a NUGT morning’ to ya
#contangoetfs
STO NUGT March 11th 70 call for .75
STO NUGT March 18th 80 calls for 1.50
STO NUGT April 8th 105 call for 2.00
Another put spread closed
#SPXcampaign, just noticed this one filled about 52 minutes before the open: Bought to close $SPX April 1st 1735/1710 put spreads for .20. Sold for 1.35 on March 1st.
Futures dropping from their highs…
Futures dropping from their highs and gold spiking again.
Support & Resistance for the SPX on Thu, Mar 10 2016
Resistance: 2009-2011. 2020-2023. 2030-2032. 2050-2054. 2064-2066. 2080-2082. 2098-2100.
Support: 1978-80; 1962-60; 1956-55; 1933-35; 1909-10; 1886-90;
SPX puts closed
#SPXcampaign In pre-market bounce courtesy of ECB…
Bought to close $SPX March 11 1935/1910 put spreads for .20. Sold on Tuesday for 1.50.
Bought to close $SPX March 17 1850/1825 put spreads for .20. Sold on 2/26 for 2.00.
SPX call spread bonus
#SPXcampaign Sold to Open $SPX March 11th 2015/2040 call spreads for 2.20. Squeezing this one in there, hoping no one notices.
VIX action interesting today. Despite…
VIX action interesting today. Despite the market being up all day, VIX has moved very little, and is actually also up on the day. I remain bearish over short-term.
Off topic…The Haines Bottom
Interesting video just played on CNBC of Mark Haines calling the bottom. 7 years ago today…I bought Ford stock at 1.60 to get back in…Time flies…LOL
SPX iron condor
STO Apr 15 2120/2110/1860/1850 for 1.70
Options Bistro 