Looked like NUGT was thinking of making a run at this one earlier, but that would have probably been too much to ask for, and it would have caused all sorts of problems on the put side, so I guess I’ll take what I can get out of it. Rolled this week’s ITM 52 call out to July and up a few points for a 2.60 credit.
Bought to close $NUGT May 27 52 call @ 23.67 (sold for 32.75 as a rollout of a rollout on 4/13)
Sold to open $NUGT Jul 15 55 call @ 26.27
Sold to open June 17th 50 Put @ 1.10
#SPXcampaign Bought to close $SPX June 10th 2110/2135 call spreads for 6.55. Sold for 1.20 last Thursday as a roll. Rolled to…
Sold to Open $SPX July 1st (Wednesday weekly) 2150/2175 call spreads for 3.95 (1.5x position size).
As I posted earlier, put rolls have worked beautifully, EXCEPT the ones I rolled to condors. Now the call sides are getting destroyed. No worries, though, I can roll those, too.
Petroleum status report in about 5 min.
#SPXcampaign Sold to Open $SPX June 24th 2160/2185 call spreads for 1.55, with SPX at 2090.
STO Jun 10 2130/2140 BeCS for 1.10.
I just started watching this guy, he’s a chartist, interesting, it doesn’t cost $170/month, he’s humble and can operate the technology.
https://www.tastytrade.com/tt/shows/trading-the-close-with-tim-knight
$NUGT #ShortPuts #IRA – Sold 1 NUGT SEP 16 2016 28.0 Put @ 2.50
$OIH, oil services ETF, over 20,000 June 3, $28.50 calls traded today
$DUST #CoveredCalls – added the following positions this morning – my long stock is now hedged
Sold DUST JUN 3 2016 22.0 Calls @ 0.50
Sold DUST JUN 24 2016 22.0 Calls @ 1.70
Sold 1 DUST JUL 1 2016 25.0 Call @ 1.45
Sold DUST JUL 15 2016 33.0 Calls @ 0.95 – adding to my position
Rolled down and out for 1.30 credit
Bought to close NUGT May 27 70 puts @ 4.08 (sold for .77 on 5/16)
Sold to open NUGT Jun 17 59 puts @ 5.38
#SPXcampaign All the rolling I had to do during the last couple weeks’ pullbacks worked like a charm…
In pre-market…
Bought to close $SPX June 1st 1980/1955 put spreads for .15. Sold for 2.55 as a roll on May 13th.
Bought to close $SPX June 16th 1900/1875 put spreads for .30. Sold for 2.00 as a roll on April 14th.
$CF #ShortPuts #FallingKnife – Sold CF Nov 22.5 Puts @ 1.52. The strike is 10% below the 52 week low.
Sold June 24th 65 Calls @ 1.50. Covered by long stock
Covered up my long stock with June 15 calls @ 0.55 when CNX hit 14.03.
$NUGT #ShortPuts – Sold NUGT(Weekly) Jun 10 2016 50.0 Puts @ 1.25. Adding on to my position.
#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 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. $SPX STO July 29 2170/2180 for 1.70
$CNX #CoveredCalls – Sold CNX Jun 17 2016 15.0 Calls @ 0.55
$DUST #CoveredCalls – Sold 1 DUST Jul 01 2016 22.0 Call @ 1.70
$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
#Earnings BTC $AZO June 17th 670 put for .35. Sold yesterday for 2.50.
#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 Jul 15 2016 33.0 Calls @ 0.80. Highest available strike price.
$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
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
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
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…
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 17 720/710/800/810 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 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 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 out here for folks. I believe the June FOMC Statement is scheduled for 2pm on June 15.
#SPXcampaign Sold to open Jun 24 2150/2175 call spreads for 1.30. SPX at 2067, .08 delta.
STO Jun 24 2145/2155 BeCS for 0.90.
UVXY – new all-time low, breaking below 12.80 that was set on May 11th
#SPXcampaign Bought to close $SPX June 10th 1890/1865 put spreads for .20. Sold for 1.25 on Thursday.
$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 this morning
Sold SVXY Jun 17 2016 60.0 Calls @ 2.15
Sold SVXY Jul 01 2016 62.0 Calls @ 2.55
#SPXcampaign BTC Jun 3 1940/1915 put spreads for 0.20. Sold for 1.30 on 5/12.
GM
$NUGT #ShortPuts #IRA – Sold NUGT(Weekly) Jun 10 2016 50.0 Puts @ 0.90
#CoveredPuts #shortstock
STO $FB June17th 110 put for .80
#Earnings Usually a good one to trade, but this quarter it’s announcing one day after monthly expiration, and has no weekly options. So an order is in to sell one 670 put (June 17th) for 2.50 if it fills. The most it has moved down over a 34 day period is 5.3%, which would take us to 690.
Just came onboard. Hoping to learn from everyone. Here is a trade I did earlier today.
Sold SVXY June 03 2016 59.50 Calls @ 0.90
I’ve been holding SVXY for a long time and I am finally almost at break even. Looking to unload them and maybe get back in the game when I learn more about these kinds of ETFs.
STO May 27 $57 covered call for $55.55, net 2.6% ROI if called
edit net price
$SWN #CoveredCalls – Sold SWN Jun 17 2016 13.0 Calls @ 0.63
$NUGT #ShortStrangles – started out the day selling Puts
Sold NUGT Jun 03 2016 55.0 Puts @ 0.70
Sold NUGT Jun 03 2016 60.0 Puts @ 1.15
Sold NUGT Jun 03 2016 65.0 Puts @ 1.90
Now I’m selling calls
Sold NUGT May 27 2016 115.0 Calls @ 0.65
AAPL assigned on Friday for 96.5 original covered put sold for $3.00 so cost basis at 93.50
today sold covered call sold June 99 for $1.12 when AAPL at 96.75
$NFLX closed a June 17 85/75 BuPS for .53, sold for 1.55 on April 19 after the earnings dump. This wasn’t looking very good just a few days ago so I cashed out.
$UVXY sold a June 17, 14.50 covered call for 1.36. Cost basis is 12.11.
I also don’t see where to play Contango??
STO Jul 1 2160/2150/1860/1850 IC for 1.25
$SVXY #CoveredCalls #IRA – Sold SVXY May 27 2016 58.0 Calls @ 0.75. These expire Friday
Sold June 29.73 Put @ 0.25. I have standing GTC orders for the stock and am using this to capture the monthly dividend plus while I wait. Risk is I give up capital gains if the stock takes off or it implodes. These are long term holds for me.
Sold to open June 35 calls @ 1.05 to cover long stock.
#SPXcampaign BTC Jun 3 1900/1875 put spread for 0.15. Sold for 1.25 on 5/3.
$NFLX #ShortPuts – Bought to Close NFLX JUN 17 2016 55.0 Puts @ 0.01. Nothing more to make here.
Originally sold in January at 1.35 and 1.49
Like last year, the market staying at a shallow trading range; Jeff’s system is great for this market condition. Last year we made a bunch of money, until Aug, when the bottom fell off.
$NUGT #ShortPuts – Sold 1 NUGT JUN 17 2016 54.0 Put @ 2.50
BTO BF SLB May 27 76/73/71 1.39
Someone asked earlier, so reposting here: Contributor/Authors can access the ContangoETF webinar by going to your WordPress Dashboard (options.bistro.com/wp-admin), then select Media in the left column; then the ContagoETF webinar video is on the fourth or fifth row down.
Anyone who wants to be a Contributor/Author, just let me know.
$SVXY #CoveredCalls #IRA – Sold SVXY JUN 24 2016 61.0 Calls @ 2.10
BTC Jun 3 1950/1940 put spread for 0.25. Originally sold for 0.70.
BTC Jun 10 1915/1905 put spread for 0.30. Originally sold for 0.80.
$M Macy’s June 17 32/29 BuPS for 1.12, with Macy’s at 31.70.
$SWN #CoveredCalls – Sold SWN JUN 17 2016 14.0 Calls @ 0.32
Sold June 62 Calls @ 1.35 Covered by stock
$NUGT #ShortPuts – Sold NUGT(Weekly) MAY 27 2016 68.0 Puts @ 1.10
STO NFLX May 27 BF 94/91/87 Puts .49
$FEYE $DUST #CoveredCalls – sold these on the open
FEYE JUN 17 2016 15.0 Calls @ 0.46
DUST JUN 17 2016 20.0 Calls @ 1.25
$NUGT #ShortPuts #IRA – Sold NUGT MAY 27 2016 65.0 Puts @ 0.65.
1% return on cash in 5 days
$UVXY BTC 5/27/16 20.0 CALLS @.06. Going to sell some lower strikes against my short puts. Also conserving margin.
$NUGT #ShortPuts – Sold NUGT May 27 2016 75 Puts @ 2.40
$SVXY #CoveredCalls – replacing calls that recently expired on the opening
Sold SVXY Jun 03 2016 60 Calls @ 0.70
Sold SVXY Jun 10 2016 60 Calls @ 1.20
$SVXY just checking on weekly’s and realized that July 1 is the last open at this time. Was wondering when are new weekly options usually opened? What would be the range they cover, as in weekly options for two months or three? I am selling puts in a two and a 7 week cycle. Thanks
Options Bistro 