$SPX following rknight with a twist STO #ironcondor June 24 1900/1890/2160/2170 for 1.70. I have a SPY condor on June 20 so went out a week.
Edited for proper strikes
Daily Archives: Monday, May 9, 2016
NUGT reverse roll
#ContangoETFs Closing my final naked call that is badly ITM…
BTC $NUGT June 17th 45 call for 44.00. Sold for 5.60 on Nov 13th.
STO $NUGT May 27th 80 put for 8.50.
I am now just slightly ITM on just a couple calls and a couple puts; OTM on several others. I still owe myself a few more rolls to make up for losses, like the one above.
Taking a June SVXY position off
At an average of around 90% max profit almost 6 weeks early.
Bought to close $SVXY Jun 17 30 puts at .25. Sold for 2.05-3.10 in Dec and Jan.
Closing a rolled NUGT position
I have a lot of exposure this week in short calls so I’m taking one position off that was a rollout and has recovered the original loss and then some creating a profit in the position. Trimming the positions where I can.
Bought to close $NUGT May 13 105 calls @ 1.75. Sold for 4.80 on 5/5 as a rollout from May 6 95 calls.
IBB covered calls
One little adjustment today:
Rolled May 20 250.0 covered calls out to Jun 3 252.50 for .50 credit.
$AMZN iron condor
STO May 13 710/705/645/640 IC for 0.55
SVXY
This morning sold May 20th 60 Calls @ 0.45 against long stock. I am exploring the best point to cover up long stock for an income trade or to take assignment and revert to cash for secured put selling. This strike is 8 points above my initial basis of 52 so being assigned is fine. A strike is rather fickle more being selected based on income capture rather than insured assignment. At some point assignment is the end game but where or how to determine that is the topic of interest to me.
$SPX iron condor
STO Jun 17 2160/2150/1900/1890 for 1.30.
$SPX calls closed
BTC Jun 3 2210/2200 call spread for 0.05. Originally sold on 4/27 for 0.95.
$UVXY #ShortPuts – Sold UVXY…
$UVXY #ShortPuts – Sold UVXY May 13 2016 13.0 Puts @ 0.21
$NUGT #ShortPuts – making up…
$NUGT #ShortPuts – making up for the fact that I did not get great fills on the open this morning
Sold NUGT May 13 2016 68.0 Puts @ 0.80
Sold NUGT May 13 2016 70.0 Puts @ 1.00
Sold NUGT May 13 2016 73.0 Puts @ 1.50.
$SPX closed June 3 2150/2175…
$SPX closed June 3 2150/2175 call spread for .73, sold May 2 for 1.57, that 50% thing
$NUGT I think it’s my first NUGT trade, STO May 13 75/69 BuPS for .80 Thanks to all of you who trade NUGT
$SVXY #CoveredCalls #IRA – sold…
$SVXY #CoveredCalls #IRA – sold these this morning after similar calls expired on Friday
Sold SVXY May 13 2016 56.0 Calls @ 0.65
Sold SVXY May 20 2016 58.0 Calls @ 0.70
Sold SVXY Jun 10 2016 59.0 Calls @ 1.70
$NUGT #ShortPuts – NUGT gives…
$NUGT #ShortPuts – NUGT gives up ALL of Friday’s spike — and a bit more. These filled on the opening
Sold NUGT May 13 2016 60.0 Puts @ 0.3
Sold NUGT May 13 2016 65.0 Puts @ 0.5
Sold NUGT May 13 2016 70.0 Puts @ 0.75
Sold NUGT May 13 2016 71.0 Puts @ 0.90
Sold NUGT May 13 2016 73.0 Put @ 1.25
Sold NUGT May 13 2016 74.0 Put @ 1.50
Sold NUGT May 13 2016 75.0 Put @ 1.25
Sold NUGT May 13 2016 77.0 Put @ 1.90
Sold NUGT May 13 2016 79.0 Put @ 2.15
Sold NUGT May 13 2016 80.0 Put @ 2.10
Sold NUGT May 13 2016 81.0 Put @ 2.70
Sold NUGT May 13 2016 82.0 Put @ 3.00
NUGT morning
#ContangoETFs STO $NUGT May 13th 75 puts for 1.50 (expire this Friday)
GM
GM
Options Bistro 