#OptionsExpiration for 4/22
$NUGT 04/22/2016 95 calls
$NUGT 04/22/2016 105 calls
$NUGT 04/22/2016 65 puts
$UA 04/22/2016 40 puts
$WYNN 04/22/2016 86.50 puts (covered by short stock)
$TSLA 04/22/2016 275 calls
$SPX 04/22/2016 2125/2150 BeCS
No assignments this week.
Have a great weekend everyone.
I only have the one this week which is one more than last week.
Expired $NUGT April 22nd 40 Put.
Have a great weekend all.
— Expiring w/max profit —
$FB 109 covered put
$FB 110 covered put (closed for .04 before close)
$NUGT 70 & 81 puts
$NUGT 82 calls
–Expiring w/losses —
$SPX 2090/2100/2110 iron butterfly (see post below)
$GOOGL 820/840/860 call butterfly
$JNJ 108/110/112 iron butterfly
Have a great weekend!
#OptionsExpiration
$SVXY $40 Puts
$UVXY $40 Calls
$NUGT $35 Puts
$NUGT $45 Puts
$NUGT $50 Puts
$NUGT $55 Puts
$NUGT $60 Puts
$NUGT $95 Calls
$NUGT $100 Calls
$NUGT $105 Calls
$NUGT $110 Calls
$NUGT $120 Calls
A lot of buying power being released with this expiration.
Have a great weekend everyone
BTC $SPY 210 puts for 1.00, filled right at the bell, to avoid assignment. Sold at 209/210/211 iron butterfly on Wednesday for .79, so .21 loss.
For $SPX 2090/2100/2110 IB, allowing to be exercised. Based on close price of about 2091.60, loss would be 1.40, so less than max loss of 2.00. Sold on Wednesday for 8.00.
#ContangoETFs Last week and today I’ve tried something fun in the last five minutes, making a couple hundred or so each week. Sold NUGT 81 puts and 82 calls for .15 and .20 cents from 3:55p to 4p. A little at a time, working the small swings in the stock. Mainly, taking advantage of people likely closing long options before the close to avoid assignment. A bit on the edge, but if I accidentally get assigned I can always buy or sell the stock after the bell to balance out to zero.
#OptionsExpiration #Apr22 – a fairly heavy week because of all of the $NUGT and $SVXY Puts that expired
— Expirations —
AAPL (Weekly) Apr 22 2016 113 Calls (Covered)
AGNC (Weekly) Apr 22 2016 19 Calls (Covered)
CHK (Weekly) Apr 22 2016 5 Puts
CHK (Weekly) Apr 22 2016 5.5 Puts
NFLX (Weekly) Apr 22 2016 90 Puts
NUGT (Weekly) Apr 22 2016 49.5 Puts
NUGT (Weekly) Apr 22 2016 50 Puts
NUGT (Weekly) Apr 22 2016 51 Puts
NUGT (Weekly) Apr 22 2016 52 Puts
NUGT (Weekly) Apr 22 2016 53.5 Puts
NUGT (Weekly) Apr 22 2016 53 Puts
NUGT (Weekly) Apr 22 2016 54 Puts
NUGT (Weekly) Apr 22 2016 55 Puts
NUGT (Weekly) Apr 22 2016 70 Puts
NUGT (Weekly) Apr 22 2016 72 Puts
NUGT (Weekly) Apr 22 2016 96 Calls
SVXY (Weekly) Apr 22 2016 38 Puts
SVXY (Weekly) Apr 22 2016 39 Puts
SVXY (Weekly) Apr 22 2016 40 Puts
SVXY (Weekly) Apr 22 2016 49 Puts
SVXY (Weekly) Apr 22 2016 55 Calls (Covered)
TWTR (Weekly) Apr 22 2016 19 Calls (Covered)
UVXY (Weekly) Apr 22 2016 19 Calls (Covered)
UVXY (Weekly) Apr 22 2016 20 Calls (Covered)
UVXY (Weekly) Apr 22 2016 24 Calls (Covered)
UVXY (Weekly) Apr 22 2016 31.5 Calls
UVXY (Weekly) Apr 22 2016 35 Calls
— Assignments —
CHK (Weekly) Apr 22 2016 6 Calls – going short a bit of stock
DUST (Weekly) Apr 22 2016 2.5 Puts
DUST (Weekly) Apr 22 2016 3 Puts
SVXY (Weekly) Apr 22 2016 53 Calls (Covered) – out at a gain
UVXY (Weekly) Apr 22 2016 17 Puts
UVXY (Weekly) Apr 22 2016 18 Puts
$SVXY #CoveredCalls #Rollup – rolled this up to avoid possible assignment tonight
Bought to close SVXY Apr 22 2016 54.0 Calls @ 0.21
Sold SVXY May 13 2016 56.0 Calls @ 2.06 – added 2 points to the strike price plus 1.85 credit.
This should be the last one I need to cover
$GOOGL This rarely works, but I’m in the GOOGL butterfly for next Friday instead of today. I bought back the short 820s for a nice $1550 gain. That will likely be offset next Friday, but if GOOGL bounces the long calls may recover a little, they are at 100% loss now, worth a shot.
$SVXY Learning from Iceman. Rolled my April 22nd 54 calls out and up to May 20th 58 strike for 1.45 credit.
$SVXY #CoveredCalls #IRA #Rollup – I don’t know what it is about Friday’s, but SVXY is always strong
Bought to close SVXY Apr 22 2016 53.5 Calls @ 0.61
Sold SVXY Apr 29 2016 56.0 Calls @ 0.81
We will see if SVXY can make a new recovery high by next week.
TRADES: Neglected to post my trade yesterday, see next.
$ETE STC 5/20/16 9.0 CALLS @2.70 100% PROFIT
$ETE STO 4/29/16 11.50 CALL @.45 Instead of waiting for a pull back to buy stock, I did it this way.
Bad timing on my $NUGT buy back. Should have rolled it or something. ;>(
$NUGT BTC 9/2016 105.0 CALLS @25.20 Took a hit!
$NRF BTO STOCK @13.32
$BTC CNX 5/20/16 13.0 CALLS @1.62 Wanted to uncover the stock. So far, so good.
Microsoft June 3rd 50 Put Sold for $0.75 when MSFT @ 52
$SVXY #CoveredCalls #IRA #Rollup – rolled this up to avoid possible assignment tonight
Bought to close SVXY Apr 22 2016 53.0 Calls @ 0.62 – sold for 0.70 on 4/11/16
Sold SVXY May 13 2016 56.0 Calls @ 1.87 – added 3 points to the strike price plus 1.25 credit.
$SVXY #CoveredCalls #Rollup – I’m guessing the SVXY has already seen its low for today so rolling up the last of my deep in the money calls.
Bought to close SVXY Apr 22 2016 52.0 Calls @ 1.02 – Originally sold at 2.51 on a previous #rollup
Sold SVXY May 06 2016 56.0 Calls @ 1.17 – added 5 points to the strike price plus a 0.15 credit
Bought to close SVXY Apr 22 2016 49.0 Calls @ 4.04 – rolled this large position up 0.50 last week for a 0.40 credit
Sold SVXY Apr 29 2016 49.5 Calls @ 4.27 – added another half point to the strike plus a 0.23 credit
NDX Jun16 3825 Put / 3800 for $1.00 Put Spread when NDX @4450
Bought a small amount of stock this morning @ $57.23
$NUGT #ShortPuts – sold both these that expire Next Friday
Sold NUGT Apr 29 2016 57.5 Puts @ 0.40
Sold NUGT Apr 29 2016 58.0 Puts @ 0.45
BTC Apr 22 $80 puts @0.19, sold yesterday @ $1.00.
Glad I took these off the table this morning when $NUGT started to roll over. The way Gold and NUGT are moving, could be below $80 by the close.
#SPXcampaign Sold to Open $SPX May 19th 1960/1935 put spreads for 1.35, with SPX at 2083.
#Earnings #AfterHours
Last night bought $GOOGL stock for 730. Sold half a few minutes later for 740. Stopped myself out on the rest at 734.00. The profit is double what I lost on the bullish butterfly I bought yesterday, so all’s good.
$NUGT #ShortPuts – sold both these that expire Next Friday
Sold NUGT Apr 29 2016 58.5 Puts @ 0.40
Sold NUGT Apr 29 2016 59.0 Puts @ 0.45
STO May 20 730/725 BuPS for 1.36. Did this shortly after open today and should have waited longer to really see market direction after first 15 minutes, but really thought GOOGL would bounce today.
STO May 6 710/700 BuPS for 1.29. Opened this about 20 minutes ago with GOOGL at about 735.
Rolled short (1) Apr 29 $95 call into (2) short May 6 $130/$60 strangles.
#ContangoETFs Only a strangle left in August after closing these two this morning:
BTC $KOLD May 20th 270 call for .90. Sold for 9.00
BTC $KOLD May 20th 275 call for .70. Sold for 7.00
Although good profits on these two, I ended up losing overall on KOLD, as I got pressured on margin and had to close at unfortunate highs. I will trade this more conservatively in the future when it pops up again.
#Earnings #CoveredPuts #shortstock
Against my short stock position, STO $FB Apr 29th 103 puts for 1.50
$SVXY #CoveredCalls #Rollup – a partial rollup in an IRA to a strike price at the top of the recent trading range.
Bought SVXY Apr 22 2016 51.0 Calls @ 1.82 – Originally sold for 2.53 on a previous rollup
Sold SVXY May 20 2016 56.0 Calls @ 2.17
Sold SVXY May 27 2016 56.0 Calls @ 2.57
$NUGT #gold
Looks like for the first time in a while, both Gold and the miners look pretty flat/stable this morning. Hopefully that holds true for the rest of the day.
Options Bistro 