Sold June 17th 50 Put @ 1.05. Will roll or close as needed as needed.
Monthly Archives: May 2016
SPX calls sold
#SPXcampaign Sold to Open $SPX July 1st 2170/2195 call spreads for 1.50. Got both sides of a condor today.
AMZN Covered Calls
Sold $AMZN Jul 15 775 call @ 5.80
$UVXY #CoveredCalls #VXXGame – Sold…
$UVXY #CoveredCalls #VXXGame – Sold UVXY Jul 15 2016 32.0 Calls @ 0.32.
This is the highest available strike price and I will add if the premium rises above today’s high.
NUGT call
#ContangoETFs Sold another NUGT June 24th 98 call for 4.70, adding to the one I sold for 3.10 this morning.
SPX puts sold
#SPXcampaign Sold to Open $SPX June 24th 1975/1950 put spreads for 1.50. I was supposed to sell the June 24th expiry last week, but with virtually no down days I only sold calls. So making up for it now.
Taking some NUGT off
I’m loaded up in June with OTM short calls as well as several ITM that were rolled so I’m taking these off at good profit levels to lower exposure in June (and free up more buying power).
Bought to close $NUGT Jun 17 94 call @ 3.80. Sold for 10.00 on 2/25.
Bought to close $NUGT Jun 17 105 call @ 2.10. Sold for 7.30 on 4/8.
$UVXY #CoveredCalls #VXXGame – Sold…
$UVXY #CoveredCalls #VXXGame – Sold UVXY(Weekly) Jun 24 2016 20.0 Calls @ 0.40 with the stock at 11.40
SOME TRADES:
$SWN BTO STOCK 13.79
$SWN STO 6/17/16 14.0 CALL @.85
$UVXY BTC 6/3/16 16.0 CALLS @.03
$UVXY STO 6/17/16 12.0 PUTS @1.76 A rollout from 12.50 5/27/16 Puts, BTC 1.54, Credit .22
$UVXY STO 6/3/16 10.5 PUTS @.27
$UVXY STO 6/3/16 11.0 CALLS @.32
Closing some more #VXXGame trades…
Closing some more #VXXGame trades
Bought to close $UVXY Jan 20 2017 170 call @ .16. Sold for 22.00 on 9/24/15.
Bought to close $VXX JAN 20 2017 55 call @ .20. Sold for 6.50 on 12/10/14.
$VIX – for most time…
$VIX – for most time periods, the VIX index just crossed above the 50 period moving average. I don’t know if it will hold. Just something to note ….
$CSAL
Sold June 17th 25 Put @ 0.60. I also have a GTC @ order to add some more of this to my Hogs. Ex Div is some time after 6/17 so I will take assignment.
$CF #ShortPuts #FallingKnife – Sold…
$CF #ShortPuts #FallingKnife – Sold CF November 18 2016 22.5 Puts @ 1.53.
NUGT strangles
Slow day…
Sold NUGT JUN 10 2016 55/95 Strangles @ 2.75
SHW, sold the June 280 puts @4.40
SHW, sold the June 280 puts @4.40
HRL, sold the June 30 puts @.75
HRL, sold the June 30 puts @.75
SPX puts sold
#SPXcampaign Sold to Open $SPX July 1st 1950/1925 put spreads for 1.25.
First put spread I have sold in over a week. Missed a fill on a new call spread at the top today.
Another SPX IC
Jul 8 2190/2180/1950/1940 for 1.35
Have all call spreads in June, so if we pull back more will start adding put spreads.
SPX iron condor
STO Jul 15 2190/2180/1930/1920 for 1.55
KORS double Calendar for tonight earnings.
Jun 3/ Jun 17 – 39.5 Puts and 44 Calls for $0.50 pp.
Sold to open June 17, 55 puts @1.05
Sold to open SVXY June 17, 55 puts @1.05
$KORS #CoveredCalls – Sold KORS…
$KORS #CoveredCalls – Sold KORS Jun 03 2016 43.0 Calls @ 1.70. These replace last week’s strike 42.5 calls that expired Friday.
Only 4 days until expiration
$NUGT #ShortPuts #IRA – Sold…
$NUGT #ShortPuts #IRA – Sold NUGT Jun 03 2016 55.0 Puts @ 0.40 in an IRA account. These replace last week’s strike 65 puts that expired Friday.
Only 4 days until expiration
NUGT roll
#ContangoETFs #ReverseRoll Kind of a roll even though I’m closing the put for breakeven, but I’m pressured more on the put side so this roll releases substantial margin…
BTC NUGT June 17th 70 put for 8.75. Sold in April for 8.83 (avg price)
STO NUGT June 24th 98 call for 3.10
SPX Today….
This is my take on the SPX for today…
Full profit
#OptionsExpiration
$SPX 1955/1980 BUPS
$NUGT 65 put
$NUGT 70 put
$NUGT 68 call
$NUGT 150 call
$NUGT 142 call
$SPX 1915/1940 BUPS
$SVXY $40 put
$UVXY 16 call (covered) will resell
Sold early
$SPX JUNE 3 1885/1910 BUPS sold for .05. Bought for 1.4
No assignments. Keeping fingers crossed.
Thanks for everyone’s support.
Have a restful weekend.
Hug a veteran.
#OptionsExpiration for 5/27 $NUGT 05/27/2016…
#OptionsExpiration for 5/27
$NUGT 05/27/2016 175 calls
$NUGT 05/27/2016 150 calls
$NUGT 05/27/2016 60 puts
$SVXY 05/27/2016 39 puts
$UVXY 05/27/2016 23 calls
No assignments this week.
Have a great long weekend everyone.
VIX calls
Bought a few calls at the close for fun. Never seems to stay at or below 13 for very long…
#OptionsExpiration #Weeklys #May27 – another…
#OptionsExpiration #Weeklys #May27 – another good week this week. I rolled out some SVXY calls and NUGT puts (I posted on those earlier) so I avoided any assignments this week.
— Expirations —
DUST (Weekly) May 27 2016 22 Calls (Covered)
KORS (Weekly) May 27 2016 42.5 Calls (Covered)
MRO (Weekly) May 27 2016 14 Calls (Covered)
NUGT (Weekly) May 27 2016 55 Puts
NUGT (Weekly) May 27 2016 65 Puts
NUGT (Weekly) May 27 2016 66 Puts
NUGT (Weekly) May 27 2016 67 Puts
NUGT (Weekly) May 27 2016 68 Puts
NUGT (Weekly) May 27 2016 69 Puts
NUGT (Weekly) May 27 2016 70 Puts
NUGT (Weekly) May 27 2016 96 Calls
NUGT (Weekly) May 27 2016 105 Calls
NUGT (Weekly) May 27 2016 115 Calls
NUGT (Weekly) May 27 2016 142 Calls
SVXY (Weekly) May 27 2016 35 Puts
SVXY (Weekly) May 27 2016 39 Puts
SVXY (Weekly) May 27 2016 40 Puts
SVXY (Weekly) May 27 2016 46 Puts
SVXY (Weekly) May 27 2016 47 Puts
UVXY (Weekly) May 27 2016 20 Calls (Covered)
UVXY (Weekly) May 27 2016 22 Calls (Covered)
UVXY (Weekly) May 27 2016 23 Calls (Covered)
UVXY (Weekly) May 27 2016 24 Calls (Covered)
UVXY (Weekly) May 27 2016 25 Calls
UVXY (Weekly) May 27 2016 27 Calls
Options Expiration 5/27/16
— Expiring —
NUGT 130 & 170 calls
PANW 155/160 call spreads
SPX 1980/1955 put spreads
UVXY 28 call
–Assignment–
PANW 140 and 135 puts, taking the stock.
NUGT roll
#ContangoETFs BTC NUGT May 27th 80 put for 10.00
STO NUGT June 24th 50 puts (x2) for 2.60
Didn’t sell calls at this low level. Will add some next week.
#OptionsExpiration $NUGT $55 puts $NUGT…
$NUGT $55 puts
$NUGT $60 puts
$NUGT $63 puts
$NUGT $65 puts
$NUGT $170 calls
$NUGT $175 calls
They gang, have a great weekend. I’m on a trip all next week with no market access during trading hours. Normally, that’s not a big deal, but with Gold pretty weak, I took profits and closed my June 3 and June 10 $50 and $60 short put positions on the rebound mid day. I’m still short some calls, but they are from $155 to $185 so I’m going to let them ride. Will look to become a bit more active trading after the FOMC meeting, being that it is only a few day’s after I get back. This way, I don’t have to spend a moment thinking about the market next week. Just relax, fish and maybe enjoy an alcoholic beverage to 2.
SPX put spreads
Bought to Close SPX JUN 30 2016 1825/1800 Bull put spreads @ .25 (sold for 1.40)
UVXY roll
#VXXGame BTC UVXY May 27th 13.5 put for 2.20
STO UVXY June 24 12 put for 2.25
Closing SWKS
Bought to close $SWKS Jun 17 60 puts @ .30. Sold for 1.45 on 4/29. Taking my 80% max profit off the table with this market running into resistance.
I’m still short Jun 24 60 puts and Aug 19 50 puts from my original ladder so this is just a reduction in my exposure to this stock and the $AAPL universe.
SPX call spreads
One quickie today. With June practically worthless moving out to Sep.
Sold SPX SEP 16 2016 2250/2275 Bear call spreads @ 1.60
PANW trade management
I did the following to extend duration, lower the strike and bring in additional premium
Rolled today’s 135 puts down and out for 1.38 credit:
Bought to close $PANW May 27 135 puts @ 4.41 (sold for 1.30 yesterday as an earnings trade)
Sold to open $PANW Jun 17 133 puts @ 5.79
Added Jun 17 short calls to lower basis further:
Sold to open $PANW Jun 17 140 calls @ 1.31
I am now short the Jun 17 133/140 strangle.
PANW — out!
Out of my PANW put spread. I maybe impatient and early but don’t want to have to watch it into the close. It looks like it may just sit around 130 or get pinned there at the close. Anyway, closed it, 135/130 for 4.05. Loss of 2.65 on the whole IC.
$NUGT #ShortPuts – after the…
$NUGT #ShortPuts – after the drop this morning, I used the current bounce in the stock to roll my only in-the-money position.
Bought to close NUGT 05/27/2016 75.0 Puts @ 1.52 – originally sold for 2.40 early this week
Sold NUGT 06/10/2016 60.0 Puts @ 2.27 – lowered the strike price 15 points plus a 0.75 credit
$SVXY #CoveredCalls – I did…
$SVXY #CoveredCalls – I did the following rolls so far today. Still more to go …
Bought to close SVXY 05/27/2016 58.0 Calls @ 2.92
Sold SVXY 06/17/2016 61.00 Calls @ 3.19
Bought to close SVXY 05/27/2016 58.0 Calls @ 3.23
Sold SVXY 06/24/2016 61.00 Calls @ 4.14
Bought to close SVXY 05/27/2016 59.0 Calls @ 1.96
Sold SVXY 06/10/2016 61.00 Calls @ 2.46
I’m pushing my strike price up near the new the YTD high set today. Since most of my stock is now above my cost basis, I’d be inclined to let these new calls be assigned.
$UVXY #ShortCalls #VXXGame – Bought…
$UVXY #ShortCalls #VXXGame – Bought to close 1 UVXY Jan 20 2017 170.0 Call @ 0.15.
There are still 238 days until expiration.
Originally sold on 12/11/15 @ 11.10
$SVXY
Bought to close my May 27th 60 Calls today @ 1.20. Originally sold for 1.10. I suspect I will be able to sell higher strike calls later for a better return than taking assignment here. In hindsight I should have closed the position Monday @ 0.15. But the 3 day rule of thumb pullback in the market just hasn’t happened. Woulda, coulda, shoulda. Have a wonderful three day weekend all.
QCOM, early this morning STO Aug. 50 puts @0.79
QCOM, early this morning STO Aug. 50 puts @0.79
Bought to close July 1,2150/2175 bear call spread @3.60, sold at 4.00, just nervous about this market.
Bought to close July 1,2150/2175 bear call spread @3.60, sold at 4.00, just nervous about this market.
$PANW Playing with fire STO…
$PANW Playing with fire STO June 3 125/120 BuPS for .80
STC TIF unbalanced BF sold…
STC TIF unbalanced BF sold for .55 bought back -.33 66/64/62 small profit
$SPX trading in a $6…
$SPX trading in a $6 range, will Ms Yellin move the markets when she delivers an address at 1:15 ET?
$SPX put spreads closed
All of my put spreads have closed out this week (profitably) with the upward bias right now.
Now, to watch my call spreads carefully. We seem to be hammering up against resistance here close to 2100. Would like to see it pull back now and can add some put spreads to the mix.
$PANW – What is up with the Group ?
What I do not understand is why this entire group is being hit
so hard over the last months. In a world of critical Cyber Attack
problems you would think the Security Industry would be popping.
NUGT strangle roll
#ContangoETFs BTC $NUGT May 27th 83 put for 7.00. Sold for 4.10 on 5/13.
STO NUGT June 17th 62/97 strangle for 7.80.
Also still short the May 27th 80 put. Will wait until later to see what happens.
$PANW ??? what to do ???
To roll or not to roll, that is the question (or at least one question)!!!
My 135/130 put spread for today is now underwater. Close now or wait until early afternoon? Try to roll out? I do think that ultimately PANW will recover and go higher as it is the leader in the space, but it has been on a downward hike since April.
Any thoughts from those who are also underwater (or those not)?
$NUGT
Pretty interesting the strength in gold miners. Last time gold was at these levels, GDX was just above $19 (now nearly $23) and $NUGT was below $55 (now above $76)
A good morning to you,…
A good morning to you, and new All-time lows for both UVXY and VXX! #VXXGame
Good morning
Good morning
CMG, sold January 250 puts @2.40
CMG, sold January 250 puts @2.40
NUGT trades
#ContangoETFs I have traded too many of these to post in last couple days. Had to escape a couple of ITM May 27th puts with losses yesterday morning. Today I closed numerous puts and calls with nice profits. Closed my last ill-fated ITM call, Jan 2017 75 call for 31.00 (sold for 7.70 on Feb 4th). That leaves me with a couple ITM puts but nothing too drastic.
After things calm down and the margin police quit eyeing me, I will start selling more OTM strangles.
SPX closed puts
#SPXcampaign Bought to close June 16th 1895/1870 put spreads for .20. Sold for 1.30 on May 17th.
PANW earnings
#Earnings Sold to Open $PANW May 27th 130/135/155/165 condor for 1.95. Recent moves after earnings: Biggest UP move: 10.6%, Biggest DOWN move: -10.8%, Average move: 5.9%. These short strikes are 6.9% OTM. Risking 3.05 to make 1.95, inside the stock’s average move.
Closing APPL
#ShortPuts Bought to close $AAPL Jul 15 70 puts @ .04. Sold for 1.36 on 1/19.
CCL, sold the 35 January puts @.85
CCL, sold the 35 January puts @.85
Following Iceman: sold to open:NUGT:Sep. 185 call@5.80,35 put @3.40Jan 185 call @12.00, Dec 185 call @11.30, June 10, 120 call@1.10,Also sold RCL, Jan 55 put @5.40, OLED July 55 put @ and June 60 put @.75.75
Following Iceman: sold to open:
NUGT:Sep. 185 call@5.80, 35 put @3.40, Jan 185 call @12.00, Dec 185 call @11.30, June 10 120 call@1.10
Also sold RCL Jan 55 put @5.40
OLED July 55 put @ and June 60 put @.75
$NUGT #ShortPuts – holiday shortened…
$NUGT #ShortPuts – holiday shortened trading week next week. Only 4 trading days.
Sold NUGT JUN 3 2016 60.0 Puts @ 1.05
Sold NUGT JUN 3 2016 61.0 Puts @ 1.20
$SPY closed the June 27…
$SPY closed the June 27 290.50/207 BePS lost $4, was looking for lunch money, lost a beer. clears the way for a correction.
$DUST #ShortPuts – Sold 1…
$DUST #ShortPuts – Sold 1 DUST JUN 17 2016 13.0 Put @ 1.10
Off topic….
Checking in from a parking lot in Lehigh Acres, Florida. Haven’t moved the crash pad in a year so got her out for a little week long shakedown. Have a great weekend everyone!
$NUGT #ShortCalls #OptionLadder – balancing…
$NUGT #ShortCalls #OptionLadder – balancing out some of the short puts I’ve been selling
Sold NUGT MAY 27 2016 96.0 Calls @ 0.35 – these expire tomorrow
Sold NUGT JUN 3 2016 120.0 Calls @ 0.40 – these expire next Friday
Sold 1 NUGT JUN 24 2016 125.0 Call @ 2.85
Sold NUGT JUN 24 2016 155.0 Calls @ 1.35
Sold 1 NUGT JUL 1 2016 135.0 Call @ 2.85
Sold 1 NUGT JUL 1 2016 155.0 Call @ 1.90
Sold 1 NUGT JUL 15 2016 130.0 Call @ 4.90
Sold 1 NUGT AUG 19 2016 130.0 Call @ 8.70
Sold 1 NUGT SEP 16 2016 185.0 Call @ 5.80
Sold 1 NUGT DEC 16 2016 185.0 Call @ 11.50
Sold 1 NUGT JAN 20 2017 185.0 Call @ 12.80
SPX roll out
#SPXcampaign #Rolling #CondorRoll
STOPPED, $SPX June 1st 2105/2130 call spreads for 3.20.
Sold to Open $SPX June 16th 1915/1940/2135/2160 iron condors for 3.30.
Sucks to have to roll it but can’t risk more crushing upside.
NUGT, sold the June 17 120 calls for 2.05 which will offset my 40 puts for the same experation.
NUGT, sold the June 17 120 calls for 2.05 which will offset my 40 puts for the same experation.
$SPY bought a May 27,…
$SPY bought a May 27, 209.50/207 BePS for .61 because things have to go down sometime-right?
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT Jun 10 2016 117.0 Call @ 1.25. This is paired with a Jun 10th 50.0 put that I sold yesterday for 1.25. Total strangle credit is 2.50 with 12 trading days to go.
Jeff, I followed you on the July 1, 2150/2175 SPX call spread butI can’t get a handle on this market right now.
Jeff, I followed you on the July 1, 2150/2175 SPX call spread butI can’t get a handle on this market right now.
$COST-anybody considering an earnings trade?
$COST-anybody considering an earnings trade?
Selling some calls
Calls against some stock I have, bringing down cost basis a bit.
STO CNX Jun 17 16C for 0.43.
STO HCA Jun 17 80C for 0.80
GLD
July 16 STO GLD 115 sold for $1.81
seems GLD oversold.
AAPL stock
#AfterHours #LongStock Sold to close $AAPL stock for 99.00, breakeven from my purchase after hours on earnings day. That was second half of my position. For the first half, I sold it at 93.50 and also sold a July 95 call, now naked. I will rock and roll with this position as the stock wavers.
Impressed with its recovery. I have only a small position but I know many people that are long this stock, so happy for them. However, I don’t trust it much above 100 in the near-term. If you are long, I would at least put a trailing stop on it and not be long if it gets below 96 again.
Options Bistro 