#OptionsExpiration for 4/1
Only 2 expirations this week
$NUGT 04/01/2016 90 calls
$UVXY 04/01/2016 115 calls
No assignments.
Have a great weekend everyone.
Daily Archives: Friday, April 1, 2016
#OptionsExpiration #Weeklys #Apr01 – with…
#OptionsExpiration #Weeklys #Apr01 – with the Fed juicing the market and crushing volatility I had to scramble to roll ITM $SVXY positions up and out.
— Expirations —
CMG (Weekly) Apr 1 2016 415 Puts (covered)
DUST (Weekly) Apr 1 2016 3 Puts
NUGT (Weekly) Apr 1 2016 40 Puts
NUGT (Weekly) Apr 1 2016 90 Calls
NUGT (Weekly) Apr 1 2016 105 Calls
SVXY (Weekly) Apr 1 2016 38 Puts
SVXY (Weekly) Apr 1 2016 39 Puts
XOP (Weekly) Apr 1 2016 32 Calls (covered)
— Assignments —
UVXY (Weekly) Apr 1 2016 22 Puts
FB calls
#Earnings #ShortStock BTC FB Apr 1st 112 calls for 3.95. Sold for 1.50 on 2/19. Short Stock position not looking pretty lately. Need to decide how to handle before earnings.
$AAPL #CoveredCalls #Rollup – too…
$AAPL #CoveredCalls #Rollup – too close to mess with so I rolled out a week and up a point
Bought to close AAPL Apr 01 2016 110.0 Calls @ 0.01
Sold AAPL Apr 08 2016 111.0 Calls @ 0.59
SVXY covered call
Sold $SVXY Jun 17 65 call @ 1.25
$SVXY #CoveredCalls #Rollup – I…
$SVXY #CoveredCalls #Rollup – I came into today thinking at least this one would expire. No such luck.
Bought to close SVXY Apr 01 2016 51.5 Calls @ 0.47
Sold SVXY Apr 08 2016 53.0 Calls @ 0.93 – added 1.5 points to my strike price for a nice premium
SPX puts closed
#SPXcampaign Bought to close $SPX Apr 22nd 1875/1850 put spreads for .20. Sold for 1.30 on 3/24.
#VXXGame… and another all-time low…
#VXXGame… and another all-time low on UVXY.
SPX calls sold
#SPXcampaign Sold to Open $SPX Apr 29th 2135/2160 call spreads for 1.35, with SPX at 2068.
DIS Trade.
BTO May 6 96C and STO Apr 22 101 Call for $3.58; this is a Diagonal.
To pay for that. STO Apr 22 97/93 BuPS for $0.52 crd pp.
Position makes money if Dis finishes above 97 on 4/22….and the 96C for May 6 will still be there for free.
Almost forget: DIS is on a Squeeze on the daily chart.
$SVXY
Sold April 22nd 54 Call @ 1.40. C0vered by long stock .
SPX puts closed
#SPXcampaign Bought to close $SPX April 14th 1925/1900 put spreads for .20. Sold for 1.30 on March 18th.
UVXY roll of the day
#VXXGame… not that it’s the best roll of the day, just that I have to make a roll every day.
BTC UVXY Apr 8th 22 put for 2.57 (sold for .60 on March 10th)
STO UVXY May 6th 30.5 call for 1.34
STO UVXY May 6th 16 put for 1.24
SPX day trade closed
#SPXcampaign Bought to close $SPX Apr 1st 2040 put for .20. Sold this morning as part of 2040/2020 put spread for 2.20.
A TRADE: Got a gift this morning.
$UVXY BTC 4/1/16 26.0 PUT @5.75 STO @2.52, after a couple of roll outs. Happy. Thanks to all that offered advice.
$UVXY #ShortPuts #VXXGame – Bought…
$UVXY #ShortPuts #VXXGame – Bought to close UVXY Apr 01 2016 20.0 Puts @ 0.20 to avoid possible assignment tonight.
A tiny gain after commissions but at least I avoided going long in this account, for this week at least.
$NUGT #ShortCalls #Rollup – Trade…
$NUGT #ShortCalls #Rollup – Trade at the open to avoid possible assignment tonight. Surprisingly, this is the only NUGT position I needed to roll this week.
Bought to close NUGT Apr 01 2016 52.5 Calls @ 3.09 – Sold on a previous roll for 17.70
Sold NUGT May 06 2016 64.0 Calls @ 5.64 – I pushed the strike out 5 weeks and up 11.5 points for a 2.55 credit.
IBB roll
#CoveredCalls – Rolled this week’s 250’s to next week’s 250’s @ 2.00 credit. Keeping a little cushion under the stock for another week.
SVXY roll
$SVXY #CoveredCalls #IRA #Rollup – Following Iceman…rolled this week’s 48 covered calls out and up to next week’s 49 calls @ .45 credit. Picking up a little cash and another possible point upside in the stock.
SPX day trade
#SPXcampaign Sold to Open $SPX Apr 1st 2040/2020 put spreads for 2.20. TICKs looking stronger, so taking a shot that we are not collapsing today. We’ve been down .7% and I doubt we’ll exceed that. Breakeven at close would be 2037.80.
$SVXY #CoveredCalls #IRA #Rollup –…
$SVXY #CoveredCalls #IRA #Rollup – Trade at the open to avoid possible assignment tonight –
Bought to close SVXY Apr 01 2016 47.5.0 Calls @ 1.60
Sold SVXY Apr 15 2016 50.0 Calls @ 1.90 – I pushed the strike out 2 weeks and up 2.5 points for a 0.30 credit.
Positions I rolled yesterday were obviously done too early, but I will reap the rewards of those rolls throughout the month of April.
$NUGT
Bought to close Apr 90/100 BeCS @ 0.15 on the open. Had a GTC order on it.
SPX puts sold
#SPXcampaign Sold to Open $SPX Apr 29th 1910/1885 put spreads for 1.30, with SPX at 2044.
Options Bistro 