Small position outside 2 standard deviations. Taking a risk that much of the bad news is priced in and the stock doesn’t have another 10 or so percent down in it. Strike is below the big January low.
Sold $CMG Apr 29 392.50 put @ 1.60
Monthly Archives: April 2016
NFLX Put Sold
NFLX Jun16 85 Put for $2.44 when NetFlix at 92.31
Reasons:
1. All indicators shows Oversold
2. Bottom of BollingerBand 2SD (my chart URL)
https://www.tradingview.com/x/Hi0sEl35/
3. If assigned, will to buy at $85 (or) exit at 50% profit.
Anyone trading AAPL?
Considering a butterfly around 105, or maybe some puts. Anyone else?
$FB
BTC April 29th Bull Put Spread @ 0.55. Originally sold at 0.83 on 4/13 and had planned to close it tomorrow before earnings. I had a GTC order for 0.30 but with the sell off this afternoon I decided to close it early.
SPX calls stopped
#SPXcampaign Bought to close $SPX May 27th 2125/2150 call spreads for 6.00. Sold for 4.50 on March 29th. Not a bad loss, but the call side continues to be toxic. I am reserving any and all calls for above 2150. I will look for roll options to replace this loss.
TRADES:
$ETE STO 5/6/16 11.0 PUTS @.50
$ETE STO 5/6/16 12.50 CALLS @.29 No margin charge for this trade. Have a similar trade expiring this Friday.
$NUGT
STO Apr 29 $99 calls @ $0.60
$DXY $/GC $GLD
$DXY $/GC $GLD
Dollar very weak today but Gold barely reacting.
$CMG #ShortPuts – Sold CMG…
$CMG #ShortPuts – Sold CMG (Weekly) Apr 29 2016 375 Puts @ 1.10. These expire Friday.
$CMG #CoveredPuts – Sold CMG…
$CMG #CoveredPuts – Sold CMG Apr 29 2016 420.0 Puts @ 7
SPX puts closed
#SPXcampaign In pre-market, bought to close $SPX Apr 29th 2025/2000 put spreads for .25. Sold for 1.30 last Tuesday.
$DUST = announced a 1…
$DUST = announced a 1 for 10 reverse split effective May 17th.
Short puts on TLT
Sold May 20 125 puts @ .70.
$NUGT
Been a long time since $NUGT moved this little in a day. Calm before the FMOC storm later this week possibly.
$GOOGL put spread closed.
STO GOOGL 710/700 BuPS on Thursday after the earnings sale. STO for 1.29.
Just closed for 0.60, for 53% max profit.
SPX Suz style
Doesn’t seem a lot different than Jeff’s…nice article
http://realmoney.thestreet.com/articles/04/22/2016/trading-income-make-money-non-directional-trading
A TRADE:
$ETE STO 5/29/16 12.0 CALLS @.14 To go with my 11.50 Puts. Will be great if it closes between the two on Friday. ;>)
Covered puts on WYNN
Sold $WYNN May 20 85 puts @ 2.60. Brings in premium against and covers short stock that I wouldn’t mind covering at that strike.
$UVXY #CoveredCalls – some more…
$UVXY #CoveredCalls – some more UVXY trades against recently acquired stock via put assignment
Sold UVXY Apr 29 2016 17.5 Calls @ 0.55
Sold UVXY Apr 29 2016 18.0 Calls @ 0.50
Sold UVXY May 6 2016 23.0 Calls @ 0.42
$UVXY #ShortCalls #ShortPuts – made…
$UVXY #ShortCalls #ShortPuts – made the following adustments in my UVXY option position after last weeks drop to 14.70 –
Bought to close UVXY Apr 29 2016 15.0 Puts @ 0.35 – originally sold for 0.44 on 4/8/16
Sold UVXY Apr 29 2016 20.0 Calls @ 0.24
Sold UVXY Apr 29 2016 20.5 Calls @ 0.21
Sold UVXY May 06 2016 25.0 Calls @ 0.29
Sold UVXY May 06 2016 26.0 Calls @ 0.24
All the calls were sold against long stock or short puts still in the account
$NUGT
Following friday’s expiration, I put a tiny amount of money back to work this morning. Don’t intend to make anymore trades until $NUGT moves further either higher or lower.
STO May 13 $50 puts @ $0.95
$GOOGL I was looking for…
$GOOGL I was looking for a bounce today to help out last weeks earnings trade, wanted a little more than today’s 47 cents, more like $47!
NUGT adjustment
Didn’t do much last week but did do a little higher risk adjustment on some NUGT positions:
Had short June 50/70 bear call spreads sold too early for 1.10
Obviously the long 70’s were massively profitable so sold them for 27 bucks each. Then rolled the short 50’s out to Jan 2018 90’s for .40 credit. Also bought a few shares to help control margin if we continue higher. If the stock drops I’m willing to take a loss on it since I’m making the 27 baggers on the closed 70’s. Stop loss on the stock is a close below the 20ma…little higher risk with this adjustment but since the spread was completely in the money a debit roll would’ve been required anyway.
$SVXY
Bought to close April 29th 40 Put @ 0.05 off a GTC order. No commissions except SEC. Originally sold 4/11 for 0.85
$DXY $NUGT
Interesting that with as weak as the dollar is and gold showing strength that the miners are really doing pretty much nothing this morning.
closed NOW
#Earnings STC $NOW stock for 74.01. Assigned at 60.00 in February
BTC $NOW May 20th 60 call for 14.00. Sold for 2.05 in February.
Last remnant of earnings trade, no reason to hold longer. Overall all a loser since I sold several shares while under water.
SPX puts sold
#SPXcampaign Sold to Open $SPX May 27th 1940//1915 put spreads for 1.30, with SPX at 2083.
$SPX May 13 2165/2155/1930/1920 IC closed for profit.
Originally STO for 1.40 on 4/4.
BTC for 0.65 for 53% max profit.
$SPX Apr 29 2140/2130/2010/2000 IC — closed
Originally STO for 1.35 on 4/15.
BTC at 0.55 for 59% of max profit.
Options Expiration Full Profit
$NUGT $72P/$96C
$NUGT $70P
$SPXW $1900/$1925 BUPS
$SVXY $40P
$ETE $9P
Bought Back Early for $.20
$NUGT 4/22 $80P (sold for $1.25)
Total Loss
$NFLX $98/$104 BUCS
#OptionsExpiration for 4/22 $NUGT 04/22/2016…
#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.
$NUGT
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.
Options Expiration 4/22/16
— 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…
#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
SPY & SPX iron butterflies
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.
Fun at expiration
#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…
#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…
$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…
$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
$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 -…
$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…
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. ;>(
SOME TRADES:
$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…
Microsoft June 3rd 50 Put Sold for $0.75 when MSFT @ 52
$SVXY #CoveredCalls #IRA #Rollup -…
$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…
$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 /…
NDX Jun16 3825 Put / 3800 for $1.00 Put Spread when NDX @4450
$SBUX
Bought a small amount of stock this morning @ $57.23
$NUGT #ShortPuts – sold both…
$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
$NUGT
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.
SPX puts sold
#SPXcampaign Sold to Open $SPX May 19th 1960/1935 put spreads for 1.35, with SPX at 2083.
After hours GOOGL trade
#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…
$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
Some GOOGL trades:
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.
$NUGT
Rolled short (1) Apr 29 $95 call into (2) short May 6 $130/$60 strangles.
out KOLD
#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.
FB Covered Puts
#Earnings #CoveredPuts #shortstock
Against my short stock position, STO $FB Apr 29th 103 puts for 1.50
$SVXY #CoveredCalls #Rollup – a…
$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…
$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.
After hours stock turnaround
#Earnings BTO $GOOGL stock for 730.00. Sold half for 740.00. Holding other half for more gains… will close tonight if it reaches 760, otherwise hold for tomorrow. Stop at 720.00, which would be breakeven.
Another SPX BePS
BTO May 20 SPX 2040/2015 BePS for $4.10
SPX calls stopped
#SPXcampaign Six minutes after close, bought to close $SPX May 19th 2125/2150 call spreads for 6.00. Sold for 3.50 on March 16th as a roll. This is one of three spreads I have at 2125. Stopping since we breached my 20-pt stop at 2105. Will wait the others out… I believe the upside momentum will slow a lot now that we are near the November high of 2116.
SPX Call Spread Story
Yesterday:
When market peakeded my original 10 delta call went to 45 Delta and risk was high
SPX AprWk4 2110/2130 Call spread originally sold for $1.00 bought back @ $3.50 with the loss $2.50
To compensate the loss, increased the contract size and sold in bit safer spots
Adjustment 1: Sold 20 delta call spread SPX AprWk4 2120/2140 for $1.75 AND
Adjustment 2: Sold 10 delta call spread SPX AprWk4 2125/2145 for $1.00
Today:
When market was down 2090 Bought back both total of 25 cents.
At the end, No Loss/No Gain… (broker is happy with the transactions)
GOOGL trade, another bust!
GOOGL trade, another bust!
$CAT followed a BePS on…
$CAT followed a BePS on TT April 22 78/76 long put spread for a debit of 60
SPX Put Spread Sold
SPX May16 1960 / 1940 Put @2091 for $1.00
Converted into IronCondor.
GOOGL earnings
#Earnings I haven’t traded $GOOGL on the last few earnings because premium is often light at far OTM strikes. Looking at its history, it is more bullish than bearish on past earnings. I am trying for the Apr 22nd 800/820/840 call butterfly. This would profit most at 820, a 5.4% up move (40 points), which is the expected move based on IV. Looks to be going for 3.75-4.00. Bidding 3.25 for now and will adjust if not filled.
Anyone else trading this?
SPX Quick Tech Analysis
SPX Range
10 Day EMA 2080 (EMA – Exponential Moving Average)
20 Day EMA 2065
50 Day EMA 2027
200 Days SMA 2011 (SMA – Simple Moving Average)
100 Days SMA 1999
Yesterday touched Bollinger Top Band when SPX @2109 and slowly reversing
Stock, RSI and MACD – all showing very overbought.
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT APR 22 2016 70.0 Puts @ 0.20. These expire tomorrow
SPX puts sold
#SPXcampaign Sold to Open $SPX May 13th 2050/2025 put spreads for 3.50. Aggressive trade as a roll from stopped call spreads.
$MCD #Earnings watching today for…
$MCD #Earnings watching today for tomorrow mornings release. Waiting on a fill for a short strangle 123/135 with April22 exp. for a premium of .59 or better. The strikes are both outside of the max close for the last 9 quarters, probability over 80 %.
$NUGT #ShortStrangle – this expires…
$NUGT #ShortStrangles – this expires tomorrow if the stock stays within its recent range
Sold NUGT Apr 22 2016 96.0 Call/ 72.0 Put @ 1.35
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY APR 29 2016 22.0 Calls @ 0.39
#GOLD getting crushed, $20 off…
#GOLD
getting crushed, $20 off the high’s premarket.
#Earnings NOW and DATA doing…
#Earnings NOW and DATA doing the reverse of what happened in February. NOW earnings last night; DATA not until May 5th. I have covered calls, NOW way down at 60, DATA at 49.
Options Bistro 