$NUGT #ShortStrangles – Sold the May 13 2016 70.0 Put / 150.0 Call for a 2.30 Credit
Daily Archives: Wednesday, May 4, 2016
$NUGT
BTC May 6 $98 put for 10.50, sold Monday for $4, at end of day BTC $NUGT for $87.75, shorted at $98. Best I could think of to maximize gain, not wait for either a $4 gain or possible loss.
NUGT puts
Just got filled at the close.
Sold $NUGT May 6 71 puts @ .40.
$TSLA
Bought May 13 $200 Put
$TSLA #shortcalls – selling calls…
$TSLA #ShortCalls #EarningsScalp – selling calls from 242.5 up to 260 for this week.
A bearish bet
Sold 2 TSLA MAY 6 2016 260.0 Calls @ 0.69
Sold 1 TSLA MAY 6 2016 255.0 Call @ 1.10
Sold 1 TSLA MAY 6 2016 252.5 Call @ 1.36
Sold 1 TSLA May 06 2016 245.0 Call @ 2.41
Sold 1 TSLA May 06 2016 242.5 Call @ 2.61
SPX going down, VIX going…
SPX going down, VIX going up; but no panic yet. We got close on Friday but have not yet fired any Downside signals on the Bistro VIX Indicator. This is why I have sold two near-term put spreads today on the spikes down; I’m cautious, but expecting more to see a drift downward than a big flush. I’m hoping for a rally tomorrow which I will sell into.
More SPX puts
#SPXcampaign — White knuckling it through some more short-term spreads:
Sold to Open $SPX May 11th (Wednesday) 1980/1955 put spreads for 1.30.
‘nother NUGT
#ContangoETFs STO $NUGT June 10th 50 put for 2.10
$ETE @jeffcp66 Thinking of doing…
$ETE @jeffcp66 Thinking of doing an earnings trade? Earnings today after the bell.
$NUGT BTC May 06 $90…
$NUGT BTC May 06 $90 put for $1.40, sold yesterday for $1.90, closed before 10 AM.
Still have short $NUGT at 98 and short May 6$98 put I want to close (with profit) before this reverses again. Any ideas?
$QQQ followed from TT June…
$QQQ followed from TT June 17 #ironcondor 96/86/109/116 for 1.28 It’s essentially a strangle with some margin saving long options.
BABA earnings trade
#Earnings Bought to Open $BABA 71/73/77 put on butterfly for 1.50. This is a BEARISH trade. Sees max profit at 73.00, no downside loss possible; max loss of 1.50 above 77.00. Here are BABA’s one-day moves in its short history (average is 5.6%)
Jan. 28, 2016 BO -3.76%
Oct. 27, 2015 BO 4.04%
Aug. 12, 2015 BO -5.12%
May 7, 2015 BO 7.50%
Jan. 29, 2015 BO -8.77%
Nov. 4, 2014 BO 4.19%
$/GC $NUGT
Pretty interesting that over the last hour or so, Gold has been pretty stable at $1284 +/- a dollar or two, but the miners continued on the downward slide.
Closing a NUGT rolled position
With the move down I was able to take a rolled position off for an overall profit.
Bought to close $NUGT May 13 116 call @ 2.90. Sold for 10.99 on 4/29, as a rollout which lost 6.65. Closing this now booked an overall profit of 8.09-6.65 = 1.54.
NUGT put
#ContangoETFs STO $NUGT June 17th 65 put for 5.70
TSLA earnings
#Earnings Below are the 1-day moves after the last 12 earnings reports for $TLSA. It has a fairly high average move of 9.5%, with unpredictable direction. Expected move is around $19-$20 (8.4%). Given this, the premium is disappointingly low for OTM strikes. Please share any idea you have for trading the today!
Feb. 10, 2016 AC 4.73%
Nov. 3, 2015 AC 11.17%
Aug. 5, 2015 AC -8.88%
May 6, 2015 AC 2.76%
Feb. 11, 2015 AC -4.66%
Nov. 5, 2014 AC 4.43%
July 31, 2014 AC 4.46%
May 7, 2014 AC -11.30%
Feb. 19, 2014 AC 8.43%
Nov. 5, 2013 AC -14.50%
Aug. 7, 2013 AC 14.34%
May 8, 2013 AC 24.39%
SPX same-week puts
#SPXcampaign Sold to Open $SPX May 6th 2010/1985 put spreads for 1.40, with SPX at 2051.
Options Bistro 