#optionsexpiration
Expiring:
SPX 2000/1975 put spreads
NOW 65 covered call
NUGT 45 put
Assignments:
NOW 55 covered call, stock called away
DAL 47 (long) call, assigned stock
Have a great weekend, all!
Daily Archives: Friday, April 15, 2016
#OptionsExpiration for 4/15 Expiring: $AAPL…
#OptionsExpiration for 4/15
Expiring:
$AAPL 04/15/2016 90 puts
$APA 04/15/2016 57.50 calls (covered)
$CRI 04/15/2016 95.00 puts
$EOG 04/15/2016 55.00 puts
$KOLD 04/15/2016 300.00 calls
$LNKD 04/15/2016 125.00 calls
$NFLX 04/15/2016 115.00 calls
$NUGT 04/15/2016 90.00 calls
$NUGT 04/15/2016 38.00 puts
$SHAK 04/15/2016 32.50 puts
$TSLA 04/15/2016 227.50 puts
$WYNN 04/15/2016 87.50 puts
$X 04/15/2016 9.00 puts
No assignments this week.
#OptionExpiration #Monthys #Apr15 – a…
#OptionsExpiration #Monthys #Apr15 – a big expiration today
— Expirations —
APC April 15 2016 52.5 Calls
APC Apr 15 2016 53 Calls
BOIL Apr 15 2016 12 Calls (Covered)
CHK Apr 15 2016 6 Puts
CHK Apr 15 2016 7 Calls (Covered)
CMG Apr 15 2016 395 Puts
CNX Apr 15 2016 14 Calls (Covered)
CNX April 15 2016 15 Calls (Covered)
CNX April 15 2016 7 Puts
DUST Apr 15 2016 8 Calls (Covered)
ESV April 15 2016 13 Calls (Covered)
HAL Apr 15 2016 30 Puts
KMX Apr 15 2016 42.5 Puts
NUGT Apr 15 2016 30 Puts
NUGT Apr 15 2016 40 Puts
NUGT Apr 15 2016 85 Calls
NUGT Apr 15 2016 88 Calls
RRC Apr 15 2016 38 Calls
SDRL Apr 15 2016 6 Puts
SVXY Apr 15 2016 38 Puts
SVXY Apr 15 2016 39 Puts
SVXY Apr 15 2016 40 Puts
SVXY Apr 15 2016 53 Calls (Covered)
SVXY Apr 15 2016 54 Calls (Covered)
SVXY Apr 15 2016 55 Calls (Covered)
UA(ns) Apr 15 2016 65 Puts
UVXY Apr 15 2016 21.5 Calls (Covered)
UVXY Apr 15 2016 28 Calls (Covered)
UVXY Apr 15 2016 30 Calls
X Apr 15 2016 8 Puts
XOP Apr 15 2016 33 Calls (Covered)
— Assignments —
DUST Apr 15 2016 3 Puts
UVXY Apr 15 2016 19 Puts
UVXY Apr 15 2016 20 Puts
VALE Apr 15 2016 5 Calls (Covered)
WDC Apr 15 2016 50 Puts
WDC Apr 15 2016 55 Puts
OptionsExpiration
$SVXY $42.5 puts
$UVXY $40 calls
$NUGT $40 puts
$NUGT $62 puts
$NUGT $100 calls
$NUGT $105 calls
Not a big list, but a lot of buying power being freed up this week. Had quite a few $NUGT $100 and $105 calls.
Have a great weekend.
$SVXY #CoveredCalls #Rollup #OptionLadder -…
$SVXY #CoveredCalls #Rollup #OptionLadder – rolled some really large positions up because of the typical Friday rally in SVXY
Rolled Apr 15 2016 48.5 Calls to next weeks 49.0 Calls for a 0.40 Credit
Rolled Apr 15 2016 50 Calls to Apr 29 2016 52.0 Calls for an 0.82 Credit
Rolled Apr 15 2016 50 Calls to May 06 2016 53.0 Calls for an 0.89 Credit
Rolled Apr 15 2016 50 Calls to May 13 2016 54.0 Calls for an 0.95 Credit
DAL earnings
#Earnings Well, a bummer of an ending for this one… sold half of my position with decent profits, but the last half will be about breakeven since we collapsed today rather than the hoped for pin at 49.00. About a 70% gain on the overall trade.
Sold to close remaining 47 calls for .55. Bought as apart of the butterfly for .70.
TRADES:
$RLYP BTO STOCK 18.61
$RLYP STO 5/20/16 20.0 CALLS @2.30
$RLYP STO 5/20/16 15.0 PUTS @1.15
Have a great weekend everyone.
$SVXY CoveredCalls #Rollup – did…
$SVXY CoveredCalls #Rollup – did these to avoid assignment this week –
Bought to close SVXY Apr 15 2016 51.0 Calls @ 0.31 – originally sold for 2.17 on another roll
Sold SVXY May 06 2016 54.0 Calls @ 1.70 for half the position
Sold SVXY May 20 2016 55.0 Calls @ 2.19 for the other half
$SVXY
Rolled my April 15th 51 covered calls out and up to April 29th 53 for a 1.30 credit.
Closing CMG
Bought to close $CMG Apr 22 420 put @ .30, taking 90% of the available profit and not risking another swoon next week. Sold for 3.00 on 4/6.
I’m now out of this stock for the first time in a while. It’s been fun (and a bit a nerve-rattling) selling premium throughout all the volatility. The worst of it may be behind Chipotle but we’ll see what earnings brings in a couple of weeks.
NUGT rolls
#ContangoETFs #StrangleRoll
BTC NUGT Apr 15th 75 calls for 2.975 and 75 call for 6.00
STO NUGT May 13th 55 puts for 2.50, 45 put for .95, and 120 calls for 2.05 (enough quantity to gain a small credit for the rolls)
$AAPL #CoveredCalls #Rollup – Bought…
$AAPL #CoveredCalls #Rollup – Bought to close Apr 15 2016 112 Calls @ 0.01
Replaced them with AAPL Apr 22 2016 113 Calls @ 0.37.
These expire in a week with the strike price above the recent peak in the stock.
$MRO #ShortCalls #Rollup – Bought…
$MRO #ShortCalls #Rollup – Bought to close MRO Apr 15 2016 13 Calls @ 0.05 (no commission)
Replaced them with MRO Apr 22 2016 14 Calls @ 0.18. These expire in a week with the strike price above the recent peak in the stock.
Closing position in NOW
I’ve decided to close my rolled/adjusted position in $NOW instead of doing another roll. My adjustments brought me to a pairing of Apr 15 55 calls and Apr 22 55 puts. When I did the roll the estimated earnings date was 4/27. Since then, it has gotten confirmed as 4/20. My plan to let the premium bleed into expiration won’t happen that way so instead of trying to get cute and do another roll I’ve decided to just take the loss that’s left (around 2.00/contract) and move on. The risk isn’t worth it (I’ll consider a separate earnings trade next week if the premiums are enticing enough).
The original trade was an earnings trade from January when I booked an 8.28 loss. So I’m happy to recover more than 75% of it.
SPX IC closed
BTC Apr 22 2130/2120/1960/1950 IC for 0.50. Originally sold for 1.10.
Staying with my discipline of closing these at around 50% max profit.
SVXY covered calls
The last few weeks I’ve rolled these out and up. With the market up at resistance I’m going out but not up this week.
Rolled SVXY 50 strike covered calls out to next week for 1.30 credit. Wouldn’t mind this thing sitting at 50 forever. This roll is about 145 percent annualized. (basis now 46.70)
🙂
SPX at Resistance.
SPX is hitting strong resistance at 2080ish. Yesterday’s high of 2087.84 happens to be the 100% extension of two previous up moves….Next Resistance is at 2098-2101 level.
Main Support is at 2000 and at 1980-82
$IBM A story from MarketWatch…
$IBM A story from MarketWatch about IBM reporting on Monday. Says the stock has decreased the day after on 9 of the last 10 earnings reports.
http://www.marketwatch.com/story/what-to-expect-from-ibm-earnings-2016-04-14
edited
NUGT call for next week
Sold $NUGT Apr 22 90 call @ 1.60. Premium is better now. May add at a higher strike if this thing keeps running.
NUGT closed
#ContangoETFs Bought to close NUGT Apr 15th 72 put for .25 to avoid possible assignment. Sold for 1.25 earlier this week. Now, about those 72 (and 75) calls…
SPX call stop-out
#SPXcampaign On the spike down this morning, Bought to close $SPX Apr 22 2100/2125 call spreads for 3.00. Sold for 2.50 on March 24th. Only a small loss, but since my 2080 stop level has been hit, need to clear the way for the freight train going north. A slow train can kill you as much as a fast one if you’re just lying on the tracks… might even be worse; a slow painful crushing rather than a quick death.
A TRADE: @Ramie Thanks for…
A TRADE: @Ramie Thanks for the idea.
$NUGT STO 4/29/16 55.0 PUTS @1.70 Against my 9/20/16 105.0 short Calls
MCD iron condor for earnings.
MCD earnings on 4/22.
STO 132/130/125/123 IC for 1.10, when MCD at 127.70. Expect to close this before earnings. Max loss .90, but I expect MCD to stay in this range up to earnings.
GM
GM
SPX puts sold
#SPXcampaign Sold to Open $SPX May 6th 2025/2000 put spreads for 3.10. A #ReverseRoll to partially replaced call spread stopped this morning.
Sold to Open $SPX May 13th 1960/1935 put spreads for 1.35, with SPX at 2080.
$XOP #ShortCalls – Bought to…
$XOP #ShortCalls – Bought to cover XOP Apr 15 2016 32.5 Calls @ 0.25 to avoid possible assignment tonight. Made a little as it was sold for 0.35.
DAL earnings
#Earnings At the open, sold to close $DAL April 15th 47/49/50 broken-wing butterfly for 1.40 and 1.50. Two more spreads closed… waiting until after noon to close the remainder. I should be able to close these for 1.90 if we end the day near 49.00. Bought for .70 on Wednesday.
SPX trades
#SPXcampaign Yesterday, Sold to Open June 16th 1900/1875 put spreads for 2.00. I realized I sold a call spread weeks ago (2175/2200) in this expiry so a put spread would be margin free.
In today’s pre-market, Bought to close $SPX May 6th 2100/2125 call spread for 8.00. Sold for 5.00 on April 3rd (as a roll). Will look at add more rolls soon.
Options Bistro 