$NUGT Ended the session with an inside day. I’ll watch tomorrow, to see what direction to take and trade accordingly.
Daily Archives: Monday, April 4, 2016
Spx directional
Sto Spx April wk 2. 2060 put for 8.90
Bto Spx April wk2. 2060 call for 11.90 I’m planning to close these tomorrow with at least 5.00 profit, have my stops in place just in case.
$SVXY #ShortPuts #OptionLadder – so…
$SVXY #ShortPuts #OptionLadder – so with a lump in my throat I did the following today:
Sold a block of SVXY stock at 52.13 (at a gain from last September).
Then sold the following Puts to more than replace the stock position –
Sold SVXY Apr 22 2016 40.0 Puts @ 0.40
Sold SVXY Apr 29 2016 40.0 Puts @ 0.65
Sold SVXY May 13 2016 40.0 Put @ 1.10
Sold SVXY May 20 2016 40.0 Puts @ 1.35
$NUGT
Sold April 22nd 40 P @ 1.05. I will roll on touch if need be.
SPX calls stopped
#SPXcampaign Bought to close $SPX April 14th 2090/2115 call spreads for 4.00. Sold for 2.05 on 3/29. The freight train up has continued so having to stop out of this one since we have broken above the 20-point OTM mark (2070).
NUGT strangle complete
Sold NUGT MAY 20 2016 35.0 Put @ 1.85
Paired up with May 95 calls sold last week…5.45 credit per strangle now.
$NUGT
With Gold continuing to look weak, lower high’s and every spike higher gets sold into with no follow thru. Made a couple more trades.
STO Apr 15 $80 calls @ $0.70
STO Apr 22 $95 calls @ $0.50
STO Apr 29 $100 calls @ $0.75
SPX puts sold
#SPXcampaign Filled at the low of the day (about 11:15 et), sold to open $SPX May 6th 1925/1900 put spreads for 1.25.
BIB is breaking out. I bought the May 40 calls @6.50 and am short the May 40 puts @ 5.60 and the Sept. 30 puts @2.05. I like biotech and Airlines. Airlines are printing money as well as consolidating so less competition.
BIB is breaking out. I bought the May 40 calls @6.50 and am short the May 40 puts @ 5.60 and the Sept. 30 puts @2.05. I like biotech and Airlines. Airlines are printing money as well as consolidating so less competition.
EA BeCS
STO EA 160429 67.5/69.5 BeCS for $0.52 crd.
EA is on a squeeze and has tried to penetrate the 67.5 level 3 times and failed. There is a higher probability of EA going down as it has done on the previous two similar up moves.
My expected target is the 61.8% retracement of this up move, which is the 58.12 level.
Earnings in 31 days on Thu May 5 AMC. This position will expire in 25 days, so no IV increase due to earnings.
Will get out if EA closes above 67.33
AMZN broken wing butterfly
Another AMZN broken wing butterfly for this week. STO 595/597.5/605 call spread for 1.20.
Max possible profit 3.70. Max loss 3.80.
TLT iron condor closed
BTC Apr 15 135/133/125/123 for 0.25. Originally sold for 0.70. Could probably have kept this for full profit, but keeping with my disciplines and original plan to close at this price. 64% max profit.
SPX iron condor
STO May 13 2165/2155/1930/1920 for 1.40
TSLA call spread
STO May 20 270/275 BeCS for 1.25
Is TSLA going to the moon with this newer lower priced vehicle? My take is I doubt it. The news and the preorders are now baked into the price and I think this spread should work.
#VXXGame Another day, another all-time…
#VXXGame Another day, another all-time low in UVXY!
KOLD call closed
#ContangoETFs BTC KOLD April 15th 300 call for .30. Sold for 3.30 on March 23rd. Still short some May & August calls above 260, and puts below 85.
FB puts
#CoveredPuts #Earnings #shortstock
I have been neglecting my FB position and not selling puts on down days. Earnings date not set, but based on IV I’m guessing after April 22. Cost basis around 105/106, so selling a 110 before earnings and a 105 after earnings:
STO FB April 22nd 110 covered put for 1.50
STO FB April 29th 105 covered put for 1.35
$NUGT
Adding a few $NUGT positions to replace those that rolled off last week and to help offset short calls for those expirations.
STO Apr 15 $40 puts @ $.45
STO Apr 22 $35 puts @ $.45
Options Bistro 