Closed and/or rolled most of my positions for 5/6. Only 2 remaining that expired:
$NUGT 05/06/2016 77.50 puts
$NUGT 05/06/2016 71.00 puts
Daily Archives: Friday, May 6, 2016
SPX puts closed
#SPXcampaign Right before the bell, bought to close $SPX May 13th 1960/1935 put spreads for .20. Sold for 1.35 on April 15th.
UVXY after the bell…
#VXXGame Filled on an open order, STO UVXY May 13th 13.5 puts for .283.
DATA earnings double diagonal
#Earnings, so much for my double diagonal experiment… I forgot to close it! So the short 51 call expires, will be assigned the stock from the short 51 put, and will still be holding May 13th long 52 call and long 49 put. Downside risk capped at 49.00. Upside gain uncapped.
$UVXY #ShortPuts – Sold UVXY…
$UVXY #ShortPuts – Sold UVXY May 13 2016 13.5 Puts @ 0.25 replacing a similar position expiring today.
This expires next Friday.
Options Expiration 5/6/16
— Expiring —
$DATA 51 call (see separate post)
$NUGT 90 put
$SPX 2010/1980 put spreads
$SPX 2130/2155 call spreads
$UVXY 13.5 puts
— Assignment —
$UVXY 16 put, taking stock… not worried that we’ll be above 16 at some point next week
$DATA 51 put – (see separate post)
— #Earnings Loss —
$BABA 71/73/77 broken-wing put fly
OPTIONS EXPIRATION, 5/6/16
—PUTS—
$UVXY 14.5 PUTS
—CALLS—
$WLL 12.50 CALLS
$FCX 12.50 CALLS
$UVXY 19.0 CALLS
$UVXY 18.0 CALLS
ETE 13.0 CALLS COVERED Did this, this morning. Buy/Write
Have a great weekend everyone.
#OptionsExpiration #Weeklys #May06 – another…
#OptionsExpiration #Weeklys #May06 – another rough week getting whipsawed by NUGT and being forced to roll more SVXY covered calls than I wanted to.
The good news is almost everything I didn’t roll expired. Only one very small assignment this week.
— Expirations —
CMG (Weekly) May 6 2016 450 Calls
FEYE (Weekly) May 6 2016 18.5 Calls (Covered)
MRO (Weekly) May 6 2016 15 Calls (Covered)
NUGT (Weekly) May 6 2016 60 Puts
NUGT (Weekly) May 6 2016 76 Puts
NUGT (Weekly) May 6 2016 77.5 Puts
NUGT (Weekly) May 6 2016 79.5 Puts
NUGT (Weekly) May 6 2016 80 Puts
NUGT (Weekly) May 6 2016 81 Puts
NUGT (Weekly) May 6 2016 82 Puts
NUGT (Weekly) May 6 2016 83 Puts
NUGT (Weekly) May 6 2016 84 Puts
NUGT (Weekly) May 6 2016 85 Puts
NUGT (Weekly) May 6 2016 86 Puts
NUGT (Weekly) May 6 2016 89 Puts
NUGT (Weekly) May 6 2016 120 Calls
NUGT (Weekly) May 6 2016 128 Calls
NUGT (Weekly) May 6 2016 140 Calls
SVXY (Weekly) May 6 2016 35 Puts
SVXY (Weekly) May 6 2016 37 Puts
SVXY (Weekly) May 6 2016 38 Puts
SVXY (Weekly) May 6 2016 39 Puts
SVXY (Weekly) May 6 2016 40 Puts
SVXY (Weekly) May 6 2016 54.5 Calls
SVXY (Weekly) May 6 2016 55 Calls
SVXY (Weekly) May 6 2016 56 Calls
SVXY (Weekly) May 6 2016 57.5 Calls
TSLA (Weekly) May 6 2016 197.5 Puts
TSLA (Weekly) May 6 2016 242.5 Calls
TSLA (Weekly) May 6 2016 245 Calls
TSLA (Weekly) May 6 2016 252.5 Calls
TSLA (Weekly) May 6 2016 255 Calls
UVXY (Weekly) May 6 2016 13.5 Puts
UVXY (Weekly) May 6 2016 18 Calls (Covered)
UVXY (Weekly) May 6 2016 20 Calls (Covered)
UVXY (Weekly) May 6 2016 21 Calls (Covered)
UVXY (Weekly) May 6 2016 22 Calls (Covered)
UVXY (Weekly) May 6 2016 23 Calls
UVXY (Weekly) May 6 2016 25 Calls
UVXY (Weekly) May 6 2016 26 Calls
— Assignments —
DUST (Weekly) May 6 2016 2 Puts
A TRADE: A roll out,…
A TRADE: A roll out, for a .61 credit.
$UVXY BTC 5/6/16 17.0 PUT @1.60 STO @1.18 A winner this morning, but Mr. Market said, “not so fast.” ;>)
$UVXY STO 5/13/16 17.0 PUT @2.21
$SVXY #CoveredCalls #Rollup #OptionLadder –…
$SVXY #CoveredCalls #Rollup #OptionLadder – As I said earlier today SVXY is back to it’s old ways, rallying on expiration day.
Once again, I split up a major short call position, due this week, into three parts to spread the risk across multiple expiration dates. This creates a future #OptionLadder and allows the stock to run in the future. Nice Credits on all the rolls and I had sold the strike 53 Calls I am covering @ 2.16 on a previous roll.
Bought to close SVXY May 06 2016 53.0 Calls @ 0.65 – 1/3 of this position
Sold SVXY May 20 2016 57.0 Calls @ 1.06
Bought to close SVXY May 06 2016 53.0 Calls @ 0.70 – 1/3 of this position
SVXY May 27 2016 58.0 Call @ 1.30
Bought to close SVXY May 06 2016 53.0 Calls @ 0.50– 1/3 of this position
Sold SVXY Sep 16 2016 75.0 Calls @ 1.30
I had not planned on having to cover this position. It would have been more profitable to have it expire, but I’ll make back what I spent over the next few weeks.
SPX puts closed
#SPXcampaign Bought to close $SPX May 11th 1980/1955 put spreads for .20. Sold for 1.30 on Wednesday.
$SVXY #CoveredCalls #Rollup – unless…
$SVXY #CoveredCalls #Rollup – unless SVXY gets above 53 in the next 2 hours this is my last roll for today.
Bought to close SVXY May 06 2016 50.5 Calls @ 1.60 – originally sold at 4.65 on a previous rollup.
Sold SVXY (Weekly) Jun 24 2016 58.0 Calls @ 2.47 – a 7 1/2 point bump in the strike plus a 0.87 credit.
$NUGT #ShortStrangle – Sold 1…
$NUGT #ShortStrangles – Sold 1 NUGT May 20 2016 60.0 / NUGT May 20 2016 160.0 Strangle position @ 3.25. Staying small and short term on this beast. It’s very easy to get whipsawed.
$SVXY #CoveredCalls #Rollup #OptionLadder -…
$SVXY #CoveredCalls #Rollup #OptionLadder – SVXY is back to it’s old ways, rallying on expiration day.
I split up a major short call position, due this week, into three parts to spread the risk across multiple expiration dates. This creates a future #OptionLadder and allows the stock to run in the future.
Bought to close SVXY May 06 2016 51.0 Calls @ 1.39 – 1/3 of this position
Sold SVXY (Weekly) Jun 03 2016 58.0 Calls @ 1.50
Bought to close SVXY May 06 2016 51.0 Calls @ 1.22 – 1/3 of this position
Sold SVXY (Weekly) Jun 10 2016 59.0 Calls @ 1.42
Bought to close SVXY May 06 2016 51.0 Calls @ 1.38 – 1/3 of this position
Sold SVXY Jun 17 2016 60.0 Calls @ 1.68
Pushed the strike prices up above this year’s resistance on the stock and still received a credit on each roll.
NUGT calls
Gradually easing back in after taking all my call positions off due to a busy couple weeks away from the market…finally catching up here.
Sold NUGT MAY 20 2016 185.0 Calls @ 1.25
These are against 75 strike puts…you would think a 110 point wide strangle would be safe with 2 weeks to go but….
A TRADE:
$ETE STO 5/6/16 13.0 CALLS @.15 Trolling for nickels and dimes. ;>)
#Markets Not seeing much to…
Not seeing much to do today. Dollar really isn’t doing much but gold strong and miners strong. $NUGT not at a good level for selling puts or calls at the moment. Won’t sell any calls until it shows some signs of peaking. We’ll see what happens if it gets near $120. It is now kind of too high to get any premium for puts, so risk/reward not there. So, I’m going to take the rest of the day off and go fishing.
I believe the S&P is back to being negative on the year. Don’t have access to CNBC right now, but if it is negative, I’m sure they are making a big deal about it.
I only have 1 remaining position expiring today. $NUGT $60 puts. I’m pretty sure that one is going to be safe
Have a great weekend everyone.
A TRADE:
$ETE BTO STOCK @12.99
Market is down, but the…
Market is down, but the VIX is sleeping.
Short-term call spread sold
#SPXcampaign With SPX at 2048, sold to open $SPX May 13th 2090/2115 call spreads for 1.50.
SPX calls closed
#SPXcampaign In pre-market right after jobs report, bought to close $SPX May 19th 2140/2165 call spreads for .20. Sold for 1.25 on Monday.
Options Bistro 