#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 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.
Bought a few calls at the close for fun. Never seems to stay at or below 13 for very long…
#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
— 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.
#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.
$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.
Bought to Close SPX JUN 30 2016 1825/1800 Bull put spreads @ .25 (sold for 1.40)
#VXXGame BTC UVXY May 27th 13.5 put for 2.20
STO UVXY June 24 12 put for 2.25
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.
One quickie today. With June practically worthless moving out to Sep.
Sold SPX SEP 16 2016 2250/2275 Bear call spreads @ 1.60
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.
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 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 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 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
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
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 June 3 125/120 BuPS for .80
STC TIF unbalanced BF sold for .55 bought back -.33 66/64/62 small profit
$SPX trading in a $6 range, will Ms Yellin move the markets when she delivers an address at 1:15 ET?
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.
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.
#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.
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)?
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, and new All-time lows for both UVXY and VXX! #VXXGame
Good morning
Options Bistro 