The earlier news on $FB was an error…. great buying opportunity!
Daily Archives: Wednesday, April 13, 2016
$SPX iron condor
STO May 20 2170/2160/1920/1910 for 1.25.
$NUGT #ShortPuts – Sold all…
$NUGT #ShortPuts – Sold all the following for next week.. If I have to cover them or roll them, that would be a good problem to have.
Sold NUGT Apr 22 2016 55.0 Puts @ 0.42
Sold NUGT Apr 22 2016 54.0 Puts @ 0.35
Sold NUGT Apr 22 2016 53.0 Puts @ 0.35
$UVXY
Following Ramie.
BTC June $80 calls @ $.41, sold for $13.00
BTC June $85 calls @ $.37, sold for $14.00
BTC June $100 call @ $.27, sold for $11.00
BTC June $105 call @ $.21, sold for $10.00
BTC Jan’17 $170 call @ $1.67, sold for $9.70 (was early on this one so didn’t get great premium)
Outta here…
Duty calls….back to the old salt mine. Have a great day everyone. JFK-MIA…hopefully they leave me alone tomorrow!
$NUGT New low of day,…
$NUGT New low of day, 79.10.
Missing Jeff…BTW NS/GG banned for life I think
From Bridget at OMM:
@mirony $FB one of our old members JeffCP was great at those OTM selling option before earnings trades. I learned a lot from him, sad he’s no longer with OMM.
$RRC #ShortPuts – Bought to…
$RRC #ShortPuts – Bought to close RRC Jun 17 2016 17.50 Puts @ 0.03.
Originally sold at 1.20 when oil was crashing.
SPX calls sold
#SPXcampaign Sold to open $SPX May 13th 2125/2150 for 1.25, with SPX at 2078. Is there no limit to this rally? New 2016 highs reached today.
UVXY clearing house
#VXXGame Taking a cue from @Ramie today; clearing out most long-term and a few short-term…
BTC Apr 29th 33.5 calls for .30. Sold for 1.90 on 3/17/16
BTC May 6th 32.5 call for .52. Sold for 2.85 on 3/24/16
BTC May 20th 50 call for .35. Sold for 1.98 on 3/24/16
BTC Jan 2017 80 call for 3.40. Sold for 15.45 last August
BTC Jan 2017 170 call for 1.75. Sold for 7.45 on 1/7/16
BTC Jan 2018 85 call for 4.90. Sold for 24.00 on 1/13/16
A Little FB Trade
STO May 13 FB 105/101 BuPS for $1.18
We’ll bail if FB reaches 105
$AAPL STO April 29 115/120…
$AAPL STO April 29 115/120 BeCS for 1.21. AAPL has been rallying, I’m planning on it backing off just like in early April. Earnings are before expiration, I intend to be out before earnings. It’s kind of a risky trade.
/VX VIX futures
Just a little quickie when the VIX dropped below 14…
Bought May futures at 17.55 and sold at 17.75. Sweet little 20 tick winner.
SPX puts closed
#SPXcampaign Bought to close $SPX Apr 20th (Wednesday) 1980/1955 put spreads for .20. Sold for 1.90 on April 5th.
$FB
One report of CLSA commenting on Facebook ad spending dropping .
Is there news on FB?…
Is there news on FB? Dumping.
I’ve been very quiet because…
I’ve been very quiet because we are getting in the earnings period and squeezes don’t work very well. So from now until the end of the earnings period, I’ll be just looking at ETFs.
If I would have been paying attention, I would have been able to catch the NUGT move up…it was on a squeeze for a while. Well next time.
UVXY, VXX: Taking off some longer term positions
Taking off a few positions to reduce exposure. I still have relatively large positions in out of the money calls in January, which I will continue to pare back into market strength.
Bought to close:
$UVXY Jan 20 2017 170 call @ 1.74. Sold for 15.25 on 1/15/16.
$UVXY Jan 20 2017 115 call @ 2.55. Sold for 33.00 on 8/27/15.
$VXX Jan 20 2017 66 call @ .54. Sold for 7.00 on 12/31/14.
DAL earnings
#Earnings Considering an earnings trade on DAL. It has moved up on the last 13 report, an average of 4% (one day after report). A bullish ATM credit spread could work, for perhaps a butterfly centered at 49, where there is huge open interest. A 4% move from here would put as at 49.50.
$NUGT
BTC May 13 $120 call @ $3.80, broke even, sold yesterday. Decided I was too early so took it off.
STO Apr 22 $60 puts @ $1.10, have enough short calls next week, I’ve been able to put on a number of additional put sales with no effect on Buying Power.
SPX puts closed
#SPXcampaign In pre-market, Bought to Close $SPX Apr 29th 1880/1855 put spreads for .20. Sold for 1.35 on Mar 29th.
Rolling AMZN
Rolled April 600 covered call up and out to May 650 for 5.00 credit.
#Rolling
Selling NUGT puts
Sold $NUGT Apr 22 65 put @ 1.70
$NUGT
Looks like we are finally going to get a pull back today. Yea!
Options Bistro 