#Earnings To offset puts sold earlier, STO $NFLX Apr 22nd 125 calls for .95
Daily Archives: Monday, April 18, 2016
SPX calls sold
#SPXcampaign Sold to Open $SPX May 19th 2160/2185 call spreads for 1.75.
$NFLX bouncing off the mat
Back into the middle of today’s range. Earnings a little more than an hour away.
$UVXY Taking off some more…
$UVXY Taking off some more #VXXGame trades
Using market strength to close these at more than 90% max profit, continuing to reduce risk and short volatility exposure with the S&P at resistance.
Bought to close:
$UVXY Sep 16 2016 110 call @ .89 (Sold for 11.10 on 2/2/16)
$UVXY Sep 16 2016 90 call @ .95 (Sold for 20.10 on 1/20/16)
$UVXY Jan 20 2017 170 call @ 1.00 (Sold for 13.20 on 1/13/16)
$UVXY Jan 20 2017 115 call @ 1.55 (Sold for 28.23 on 8/27/15)
TLT long
#LongCalls Starting a position in this as bullish consolidation continues.
BTO $TLT May 20th 130 call for 2.43
BTO $TLT June 17th 132 call for 2.20
SOME TRADES:
$STC RLYP STOCK @17.56 A loss.
$BTC RLYP 5/20/16 PUTS @1.30 Small loss
$BTC RLYP 5/20/16 CALLS @1.70 Small gain I was wrong, first loss is the best loss. Was giving me agida.
$CNX BTO STOCK 12.65
$CNX STO 5/20/16 13.0 CALLS @1.04 Had a similar trade assigned away Friday.
$NUGT STO 5/13/16 55.0 PUT @2.30
$NUGT STO 5/13/16 120.0 CAll @2.15
$BOX BTO STOCK @12.82
$CHK BTO STOCK @5.98
$CHK STO 5/20/16 6.0 CALLS @.65
NFLX earnings naked puts
#Earnings Following rknight’s idea…
STO $NFLX Apr 22nd 90 puts for .60
STO $NFLX Apr 29th 90 puts for 1.00
With stock at 106.40 this strike is 15.4% OTM. I will take stock at 90. If we get any significant bounce before close I will consider selling some calls over 120.
NFLX earnings
#Earnings Here are the moves in the 5 days after the last 12 earnings reports for $NFLX:
Tue 01/19/2016 AC -6.64%
Wed 10/14/2015 AC -7.74%
Wed 07/15/2015 AC 12.65%
Wed 04/15/2015 AC 19.33%
Tue 01/20/2015 AC 25.41%
Wed 10/15/2014 AC -19.92%
Mon 07/21/2014 AC -6.65%
Mon 04/21/2014 AC -7.57%
Wed 01/22/2014 AC 14.23%
Mon 10/21/2013 AC -7.59%
Mon 07/22/2013 AC -5.97%
Mon 04/22/2013 AC 23.61%
The AVERAGE move is 13.7%. With the stock at 108.00, just staying inside the average move would equate to a 93/123 strangle, which goes for about 2.00. As I like to stay much further away than the average, I don’t think I will be selling options or condors. May look at butterfly options, but since the moves can be big and erratic, those will be pretty speculative. Any other ideas?
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SPX IC
STO Apr 29 2140/2130/2010/2000 for 1.35
UVXY slammed through its all…
#VXXGame
UVXY slammed through its all time-low of 17.41, dropping all the way below 17 on this surge in the market.
BTC $UVXY May 20th 38 call for .42. Sold for 2.14 on 3/23.
SPX puts closed, calls sold
#SPXcampaign – missed my fill on new put spreads on the drop. Now I’m playing the other side.
Bought to close $SPX Apr 22nd 2000/1975 put spreads for .20. Sold for 1.60 last Tuesday.
Sold to Open $SPX May 6th 2140/2165 call spreads for 1.25.
JNJ earnings
#Earnings Sold to Open $JNJ Apr 22nd 108/110/112 iron butterfly for 1.47. Max gain, 1.45(ish), max loss, .53. This is based on the fact that JNJ moves very little on earnings, and 110 is with the current uptrend and a nice round number. Open interest not really a factor; it’s slightly bigger at 110 call but not on the puts. Goal is for JNJ to finish the week as close to 110 as possible. On any large swings I may take off parts of it during the week to increase chance of profit, but also increase risk slightly.
$NUGT #ShortCalls – since a…
$NUGT #ShortCalls – since a few short calls rolled off Friday, I’m adding some small positions at the top of the chain –
Sold 2 NUGT Apr 29 2016 120.0 Calls @ 0.75
Sold 1 NUGT May 06 2016 120.0 Call @ 1.60
Sold 1 NUGT May 20 2016 120.0 Call @ 3.55
#Earnings – This week 104…
#Earnings – This week 104 S&P 500 companies report. The highlights are the tech names and we’ll get reports from IBM and Netflix today, Yahoo and Intel tomorrow followed by Alphabet, Microsoft and Verizon on Thursday. Away from the tech names we’ll also hear from Pepsico (today), Morgan Stanley (today), Goldman Sachs (Tuesday), Johnson & Johnson (Tuesday), Coca-Cola (Wednesday), General Motors (Thursday), Schlumberger (Thursday), Caterpillar (Friday), General Electric (Friday) and McDonalds (Friday).
SPX calls closed
#SPXcampaign In Pre-market, bought to close April 20th (Wednesday) 2110/2135 call spreads for .20. Sold on Apr 6th for 1.30.
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