$CF #ShortPuts #FallingKnife – Sold CF Nov 22.5 Puts @ 1.52. The strike is 10% below the 52 week low.
Daily Archives: Tuesday, May 24, 2016
$SVXY
Sold June 24th 65 Calls @ 1.50. Covered by long stock
$CNX
Covered up my long stock with June 15 calls @ 0.55 when CNX hit 14.03.
$NUGT #ShortPuts – Sold NUGT(Weekly)…
$NUGT #ShortPuts – Sold NUGT(Weekly) Jun 10 2016 50.0 Puts @ 1.25. Adding on to my position.
NUGT strangle roll
#ContangoETFs BTC NUGT June 3rd 80 put for 8.80. Sold for 5.20 on 5/2
STO NUGT June 17th 61 put for 4.45
STO NUGT June 17th 99 call for 4.10
Also: STO NUGT June 10th 117 calls for 1.10
$SVXY #CoveredCalls #OptionLadder – with…
$SVXY #CoveredCalls #OptionLadder – with the trades listed below, I’m done selling SVXY calls for the week …. I think. I’ve now replaced all the short calls that expired last week at substantially higher strike prices for the next few weekly cycles. Even a sharp pullback in SVXY should not hurt me at this point.
I’ll be looking to scalp short puts at 51 or below for this week if the opportunity presents itself.
Sold SVXY Jun 10 2016 62.0 Calls @ 1.20
Sold SVXY Jun 24 2016 65 Calls @ 1.55
#spxcampaign kind of following Jeff….
#spxcampaign kind of following Jeff. $SPX STO July 29 2170/2180 for 1.70
$CNX #CoveredCalls – Sold CNX…
$CNX #CoveredCalls – Sold CNX Jun 17 2016 15.0 Calls @ 0.55
$DUST #CoveredCall – Sold 1…
$DUST #CoveredCalls – Sold 1 DUST Jul 01 2016 22.0 Call @ 1.70
$NUGT #ShortPuts – Sold NUGT(Weekly)…
$NUGT #ShortPuts – Sold NUGT(Weekly) Jun 10 2016 50.0 Puts @ 1.10. Adding on to my position.
I still have 3 different Jun short call positions that are in the money (I never rolled them up) so I’m not worried about this particular Put position
AZO earning
#Earnings BTC $AZO June 17th 670 put for .35. Sold yesterday for 2.50.
SPX calls sold
#SPXcampaign Sold to Open $SPX July 29th 2150/2175 call spreads for 5.75. This is a roll from previously stopped calls spreads from March & April. Going farther out in time with plenty of flexibility to roll further out should we have a sustained summer rally.
$DUST #CoveredCalls – Sold DUST…
$DUST #CoveredCalls – Sold DUST Jul 15 2016 33.0 Calls @ 0.80. Highest available strike price.
$SVXY #CoveredCalls – just sold…
$SVXY #CoveredCalls – just sold these as SVXY notches a new YTD high of 58.26
Sold SVXY Jun 03 2016 61.0 Calls @ 0.75
Sold SVXY Jun 24 2016 64.0 Calls @ 1.55
Rolling NUGT
Strike price was breached and with downward momentum I thought I’d roll to a strangle instead of a straight put roll.
Bought to close $NUGT Jun 3 78 puts @ 7.74
Sold to open $NUGT Jun 17 57 puts @ 2.76
Sold to open $NUGT Jun 17 92 calls @ 6.99
Credit taken in: 2.01
BIB covered calls
I’m a little heavy in biotech (long IBB also) so covering these with an aggressive ITM position for more protection. This strike still makes a nice profit even if the stock gets called away here.
Sold BIB Jun 17 2016 40 Calls @ 4.40
RLYP….another batch
Sold RLYP JUN 17 2016 20.0 Calls @ 1.15 (basis now 17.55)
Covered my lower basis (11.20) batch last week (too early!) @ 15 strike…
NUGT reverse roll
Just to keep deltas fairly neutral…
Rolled 1 June 3rd 75 put into 2 June 3rd 95 calls for .25 credit.
And to reduce the risk of getting whipsawed:
Bought to Close NUGT MAY 27 2016 100.0 Calls @ .40 (sold for 1.30)
$AZO STO #ironcondor June 17…
$AZO STO #ironcondor June 17 720/710/800/810 for 1.80. AZO is at 755 and has had a nice run up since earnings this morning. I expect it to settle down in the next couple of days.
$SVXY #CoveredCalls – just sold…
$SVXY #CoveredCalls – just sold these
Sold SVXY May 27 2016 60.0 Calls @ 0.50 – these expire Friday
Sold SVXY Jun 17 2016 63.0 Calls @ 1.20
$NUGT #ShortPuts – just sold…
$NUGT #ShortPuts – just sold these
Sold NUGT Jun 03 2016 60.0 Puts @ 1.20
Sold NUGT Jun 10 2016 55.0 Puts @ 1.50
#FOMC Just to throw it…
#FOMC
Just to throw it out here for folks. I believe the June FOMC Statement is scheduled for 2pm on June 15.
SPX call spreads sold
#SPXcampaign Sold to open Jun 24 2150/2175 call spreads for 1.30. SPX at 2067, .08 delta.
SPX call spread
STO Jun 24 2145/2155 BeCS for 0.90.
UVXY – new all-time low,…
UVXY – new all-time low, breaking below 12.80 that was set on May 11th
SPX puts closed
#SPXcampaign Bought to close $SPX June 10th 1890/1865 put spreads for .20. Sold for 1.25 on Thursday.
$DUST #CoveredCalls – sold these…
$DUST #CoveredCalls – sold these this morning
Sold DUST JUN 10 2016 22.0 Calls @ 0.55
Sold DUST JUN 17 2016 22.5 Calls @ 0.80
Sold 1 DUST JUN 24 2016 22.0 Call @ 1.15
Sold 1 DUST AUG 19 2016 25.0 Call @ 2.16
$SVXY #CoveredCalls – sold these…
$SVXY #CoveredCalls – sold these this morning
Sold SVXY Jun 17 2016 60.0 Calls @ 2.15
Sold SVXY Jul 01 2016 62.0 Calls @ 2.55
SPX spreads closed
#SPXcampaign BTC Jun 3 1940/1915 put spreads for 0.20. Sold for 1.30 on 5/12.
GM
GM
$NUGT #ShortPuts #IRA – Sold…
$NUGT #ShortPuts #IRA – Sold NUGT(Weekly) Jun 10 2016 50.0 Puts @ 0.90
Options Bistro 