#SPXcampaign Bought to close $SPX May 27th 2105/2130 call spreads for .10. Sold for 1.10 on May 13th.
Monthly Archives: May 2016
NUGT calls
#ContangoETFs I am heavier on puts so selling calls reduces my margin. Plus, being short on the call side is better in the long run anyway.
STO NUGT June 3rd 120 calls for 1.50
STO NUGT June 10th 120 call for 2.90
SPX calls sold
#SPXcampaign Sold to Open $SPX June 24th 2145/2170 call spreads for 1.35, with SPX at 2050. Sold early as premium tends to be higher on Monday mornings than at anytime during the week (assuming, of course, the index doesn’t move much). Now trying for the 1890/1865 put spread.
$SVXY $DUST #CoveredCalls #IRA -…
$SVXY $DUST #CoveredCalls #IRA – a couple of opening trades
Sold SVXY(Weekly) MAY 27 2016 59.0 Calls @ 0.40 – these expire Friday
Sold DUST(Weekly) JUN 10 2016 22.0 Calls @ 0.55 – these expire in 18 days – highest available strike
Options Expiration 5/20
Full Profit
$SPXW 1980/2005 BUPS
$GOOGL 690/700 BUPS
$NUGT 65 Puts
$NUGT 85 Puts
$NUGT 60 Puts
$NUGT 86 Puts
$NUGT 170 Call
$SWHC 22 Put
$SVXY 36 Put
$BOIL 14 Call (covered)
$RLYP 23 Call (covered)
$CNX 45 Call (covered)
$CHK 6 Call (covered)
$VSI 25 Put
$SVXY 39 Put
$UVXY 18 Call
$XME 24 Call (covered)
$EPD 27 Call
Assigned
$XOP 34 Call Basis 32,93
$AAPL 96 Call Basis 109
$BXLT 42.5 Call Basis 41.4
Total Loss
$TSLA 200 Put
$GOOGL 775 Call
Closed Early
$NFLX 85/90 BUPS 84% Profit
$AAPL 90/95 BUPS 67% profit
$NUGT 130 call 75% profit
#OptionsExpiration for 5/20 I was…
#OptionsExpiration for 5/20
I was away from my desk for the end of the trading day today, moving my daughter out of her dorm (that year went quickly!). Just got home and catching up on the expirations.
$AMZN 05/20/2016 640 puts
$AMZN 05/20/2016 750 calls (covered)
$CELG 05/20/2016 100 puts
$CLDX 05/20/2016 18 calls
$KOLD 05/20/2016 280 calls
$NFLX 05/20/2016 93 calls
$NUGT 05/20/2016 145 calls
$NUGT 05/20/2016 65 puts
$WYNN 05/20/2016 85 puts (covered)
Assignments
$AMZN 05/20/2016 650 calls (shares being called away)
Legged out of Jeff’s AMZN Iron Butterfly trade (from the road) paying a total of 3.13, having sold yesterday for 3.90. I probably could have done better had I been in front of my screen, and looking back I should have thought more about it and passed on the trade since I wasn’t going to be able to watch it at the end of the day. Glad to be out for a profit though.
Have a great weekend everyone.
#OptionsExpiration Hey guy’s, just getting…
#OptionsExpiration
Hey guy’s, just getting home. Here are my expirations:
$NUGT $60 puts
$NUGT $65 puts
$NUGT $70 puts
$NUGT $120 calls
$NUGT $150 calls
$NUGT $160 calls
$NUGT $170 calls
Ended up with some good premium this week. I messed up my $NUGT $80 puts yesterday and closed them early and rolled them. With out being able to monitor the market, I just wasn’t comfortable with the position. Sold them too early on Wed. Thought $NUGT was stablizing at $93 – $94, only to have it take another $10 drop after I sold them.
#OptionExpiration
#OptionsExpiration
Expired with 100% Profit
MAIN May 20th 30 Put
CNX May 20th 16 Call
XOP May 20th 35 Call
SVXY May 20th 58 Call
SVXY May 20th 60 Call
SVXY May 20th 45 Put
Taking assignment
CSX May 20th 27 Put
Have a great weekend all.
Options Expirations 5/20/16
#OptionsExpiration
— Expiring —
$CRM 72.5/67.5 put spreads (#Earnings)
$FB 100 put
$NUGT 89 puts
$NUGT 130 and 160 calls
$UVXY 23 call
–Assignment–
$NUGT 89 calls, purchased stock at 89.oo after-hours so short stock assignment will zero out the position
$SVXY #CoveredCalls – sold all…
$SVXY #CoveredCalls – sold all of these at various times during the day to replace large positions expiring today
SVXY JUN 24 2016 62.0 Calls @ 1.75
SVXY JUN 24 2016 63.0 Calls @ 1.55
SVXY JUL 1 2016 61.0 Calls @ 2.55
SVXY JUL 1 2016 63.0 Calls @ 1.90
#OptionsExpiration #Monthlys #May20 – A…
#OptionsExpiration #Monthlys #May20 – A big one today.
NUGT and SVXY did just what they had to make this a very profitable week.
Plenty of covered calls rolled off this week too. Writing new ones next week should bring in a bit of cash.
— EXPIRATIONS —
BOIL May 20 2016 13 Calls (Covered)
BOIL May 20 2016 14 Calls (Covered)
BOIL May 20 2016 15 Calls (Covered)
CNX May 20 2016 14 Calls (Covered)
ESV May 20 2016 13 Calls (Covered)
FTI May 20 2016 32 Calls (Covered)
GTLS May 20 2016 30 Calls (Covered)
MRVL May 20 2016 9 Puts
NUGT May 20 2016 67 Puts
NUGT May 20 2016 68 Puts
NUGT May 20 2016 69 Puts
NUGT May 20 2016 70 Puts
NUGT May 20 2016 72 Puts
NUGT May 20 2016 73 Puts
NUGT May 20 2016 74 Puts
NUGT May 20 2016 75 Puts
NUGT May 20 2016 84 Puts
NUGT May 20 2016 85 Puts
NUGT May 20 2016 86 Puts
NUGT May 20 2016 95 Calls
NUGT May 20 2016 98 Calls
NUGT May 20 2016 100 Calls
NUGT May 20 2016 101 Calls
NUGT May 20 2016 102 Calls
NUGT May 20 2016 105 Calls
NUGT May 20 2016 120 Calls
NUGT May 20 2016 135 Calls
NUGT May 20 2016 160 Calls
QRVO May 20 2016 30 Puts
SVXY May 20 2016 35 Puts
SVXY May 20 2016 36 Puts
SVXY May 20 2016 37 Puts
SVXY May 20 2016 38 Puts
SVXY May 20 2016 39 Puts
SVXY May 20 2016 40 Puts
SVXY May 20 2016 57 Calls
SVXY May 20 2016 58 Calls
SVXY May 20 2016 60 Calls
SVXY May 20 2016 61 Calls
SWN May 20 2016 12 Calls (Covered)
SWN May 20 2016 13 Calls (Covered)
SWN May 20 2016 14 Calls
SWN May 20 2016 15 Calls
THC May 20 2016 22.5 Puts
UVXY May 20 2016 12 Puts
UVXY May 20 2016 18 Calls (Covered)
UVXY May 20 2016 20 Calls (Covered)
UVXY May 20 2016 21 Calls (Covered)
UVXY May 20 2016 22 Calls (Covered)
UVXY May 20 2016 30 Calls
UVXY May 20 2016 50 Calls
XLE May 20 2016 67.5 Calls (Covered)
— Assignments —
CF May 20 2016 35 Puts – getting long some stock
JWN May 20 2016 40 Puts – getting long some stock
KORS May 20 2016 42.5 Puts – getting long some stock
M May 20 2016 34 Puts – getting long some stock
AMZN IB closed
#IronButterfly BTC $AMZN May 20th 700 call for 2.90. Total profit on trade: 1.01 plus commissions.
Last minute straddle
#ContangoETFs STO NUGT May 20th 89 straddle for .85… Living on the edge.
TLT loser
#LongCalls STC $TLT May 20th 130 calls for .25. Bought for 1.78 average. I waited and waited but TLT hasn’t popped yet. Still holding June 132 calls.
$NUGT #ShortPuts – Sold NUGT(Weekly)…
$NUGT #ShortPuts – Sold NUGT(Weekly) May 27 2016 69.0 Puts @ 1.10
$UVXY taking a cue from…
$UVXY taking a cue from some of you guys, sold a September 16, 11 put for 2.60
Broker call????
Just had a call from my broker asking me to buy back a spread that was partly in the money. I had today’s $AMZN 702.5/707.5 call spread. The broker said I would have to close it before the bell because the short leg was in the money. Is that right on a spread? I don’t remember ever having to close a spread because one leg was in the money. I thought that was what the other leg was for, to cover that. Any ideas there why? Was it because of the large dollar value of AMZN? Any explanations would be helpful here. I went ahead and closed it, but didn’t really understand why I had to do so.
AMZN IB
#IronButterfly BTC $AMZN May 20th 700 put for .14. Sold as part of iron butterfly for 4.05. Now need Amazon below 703.91 for breakeven, or below 700 for max profit of 3.91
UVXY roll
#VXXGame Just made the following roll. Decided not to get tricky with some reverse double half-Nelson type roll. I don’t mind being underwater puts when the UVXY is this low.
BTC NUGT May 20th 18 put for 4.40. Sold for 2.31 on 3/22
STO NUGT June 17th 17 put for 4.55.
$NUGT #ShortPuts #Rolldown – did…
$NUGT #ShortPuts #Rolldown – did the following roll
Bought to close NUGT May 20 2016 88 Puts @ 0.57 – originally sold @ 0.75
Sold NUGT May 27 2016 70.0 Puts @ 1.07 – dropped the strike price 18 points plus a 0.50 credit.
$SVXY #CoveredCalls #IRA #Rollup -…
$SVXY #CoveredCalls #IRA #Rollup – did the following roll after SVXY put on it’s typical Friday run higher
Bought to close SVXY May 20 2016 55 Calls @ 0.59 – originally sold @ 2.19 on an earlier rollup
Sold SVXY (Weekly) Jun 10 2016 60 Calls @ 1.24 – bumped the strike price up 5 points plus a 0.65 credit
$SPX July 8 BeCS 2155/2170…
$SPX July 8 BeCS 2155/2170 for 1.50
$SVXY STO May 20 SVXY…
$SVXY STO May 20 SVXY $56 call for 0.20, hoping for a scalp, one-day trade.
$AAPL $AMZN closed a BuPS…
$AAPL $AMZN closed a BuPS on Aapl and a BeCS on AMZN, had gotten roughly 70% on both of them, expire in June
RLYP covered calls
In the #IRA :
Bought to Close RLYP MAY 20 2016 15.0 Calls @ .05 (sold for 1.30)
Sold RLYP JUN 17 2016 15.0 Calls @ 1.90
Cost basis now down to 11.15.
SPX Call Spread sold
SPX Jun16 2135/2155 when SPX @2054 for $1.00
FB short put
$FB #shortputs Thursday sold June 24 FB 113 put @ 2.15
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT(Weekly) JUN 3 2016 130.0 Call @ 2.00
$NUGT #ShortPuts – setting up…
$NUGT #ShortPuts – setting up for next week while removing risk for today
Bought to close NUGT MAY 20 2016 75.0 Puts @ 0.05
Sold NUGT(Weekly) MAY 27 2016 70.0 Puts @ 1.40
SPX calls sold
#SPXcampaign Sold to Open June 16th 2130/2155 call spreads for 1.40, with SPX at 2051.
GM all
GM all
SPX puts closed
#SPXcampaign In pre-market, bought to close $SPX May 27th 1940/1915 put spreads for .30. Sold for 1.30 on April 25th.
SPX put profits, one day
#SPXcampaign Bought to close $SPX May 25th 1975/1950 put spreads for .70. Sold this morning for 1.50. Took it off the table in case we have another rollercoaster tomorrow (in which case I will try to sell this same spread again).
$NUGT #ShortStrangle #ScalpTrade – Sold…
$NUGT #ShortStrangle #ScalpTrade – Sold 1 NUGT May 95 Call / 75 Put at a 2.30 Credit. This expires tomorrow
$SVXY #CoveredCalls – in anticipation…
$SVXY #CoveredCalls – in anticipation of a large number of covered Calls expiring tomorrow I’ve sold the following to replace a portion of them. I will add if the premium rises.
Sold SVXY(weekly) Jun 24 2016 62.0 Calls @ 1.55
$SVXY May 27 $56C BTC…
$SVXY May 27 $56C BTC 0.75, sold 5/16 for 2.80 All in all a good day.
AMZN iron butterfly
#IronButterfly #Pinning
STO $AMZN May 20th 700/705 call spread for 1.50. Paired with 700/695 put spread sold yesterday for 2.55. Total risk on trade: .95. Max gain: about 3.90
CNX July
Sold $CNX Jul 15 10 puts @ .42. Delta 16, with the strike near the March 24 low.
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT Jun 03 2016 130.0 Call @ 1.85. Paired with an existing strike 70 Put for that week.
I can’t get my picture…
I can’t get my picture in here???
$SVXY #ShortPuts #VXXGame – Sold…
$SVXY #ShortPuts #VXXGame – Sold SVXY MAY 27 2016 46.0 Puts @ 0.70. These expire next week.
The stock hasn’t been that low in over a month
Closing some NUGT puts
Bought to close $NUGT May 20 75 puts @ .40. Sold for 1.50 on 5/12. Taking profits and getting these out of the way in the event we get another big move down. I’m also short the 70 and 60 puts for tomorrow.
$AMZN -@Jeff – thoughts now…
$AMZN -@Jeff – thoughts now about tomorrows expiration and your possible butterfly or iron condor? I’m interested, but not sure it’s gonna pin at 700 now. Any further thoughts? No position for me at this time, but looking at even 690 or 695 as the pin.
SPX strangle roll
#SPXcampaign #strangleroll
Bought to close $SPX June 3rd 1965/1940 put spreads for 3.20. Sold for 1.45 on May 13th.
Sold to open $SPX June 10th 2110/2135 call spreads for 1.20, and June 10th 1890/1865 puts spreads for 1.25. (1.5x position size)
A TRADE: Not for everybody. Speculative.
$UVXY STO 5/20/16 15.5 CALLS @.63 Expires tomorrow.
$SPY July 15 #ironcondor 190/180/215/225…
$SPY July 15 #ironcondor 190/180/215/225 for 1.42
NUGT Support/Resistance levels
#ContangoETFs NUGT’s free-fall yesterday, presumably on FOMC minutes, got me thinking if there were s/r levels to hang on before bailing on my short put positions, and remembering that gold has a mind of its own, where is support? The 52 week daily levels are the low on Jan 19 at 17.40, and the high on May 2 at 123.96 a 50% fib retracement between those points is $70.46 NUGT closed at $84.52 about 10 pts above the lower BB and 3 pts above the 50 day ema.
So, I have more questions than answers about NUGT s/r levels but interested in others comments…for sure those with short calls made some bucks today!
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$UVXY BTC Jun 3 $13P…
$UVXY BTC Jun 3 $13P for 0.75, sold week ago for 1.27
$SVXY STC Calls
STC $SVXY Jun 3 $56C for $1.40, 1.50 sold for 2.42, 2.51 yesterday
$SVXY #ShortPuts #VXXGame – Sold…
$SVXY #ShortPuts #VXXGame – Sold SVXY Jun 17 2016 35.0 Puts @ 0.50
NUGT put closed
#ContangoETFs I’m heavier on puts so closed this mainly for margin purposes:
BTC NUGT May 27th 62.5 put for 1.00. Sold for 6.70 on 4/13.
$NUGT
On a bit of strength this morning
BTC 2 May 20 $80 puts
STO 2 Jun 10 $55/$150 strangles
STO 1 Jun 17 $180 call
STO 1 Jun 17 $185 call
Not the best time to be selling calls, but didn’t want to just roll the puts down and out just in case there is further pull back. Gold seems to be firming up now so we’ll see what happens.
I will have limited access to the market today, and virtually none tomorrow and just didn’t want to have to try to baby sit that position.
SPX puts closed
#SPXcampaign Sold to Open $SPX May 25th 1975/1950 put spreads for 1.50, with SPX at 2032.
I don’t like selling the monthlys with their AM settlement for short-term fear-trade, so I jumped to next Wednesday’s. I may try to close end of today if we rally back enough.
Meanwhile, two spreads touched my 3.00 stops at the bottom today. I am not closing yet… will wait to see how day settles and decide from there. If we start another sharp drop I will close at least one of them and roll.
VIX has popped today but is still pretty far from its lowest signal level (18.75).
UVXY put closed
#VXXGame BTC UVXY March 20th 17 put for 1.80. Sold for 2.35 on March 30th.
Also have an 18 put I will need to roll out.
SPX call spreads
Bought to Close SPX JUN 30 2016 2200/2225 Bear call spreads @ .25 (sold for 1.75)
Bought to Close SPX JUL 29 2016 2225/2250 Bear call spreads @ .25 (sold for 2.05)
NUGT strangle roll
#ContangoETFs Closing out one of my last calls that got too much ITM…
BTC NUGT Sept 80 call for 25.00. Sold for 11.20 on 2/17.
STO NUGT Sep 40/180 strangles for 13.30 (x2).
Netted 1.60 on the roll, added to the 11.60 I got for the original sale. If either of these wings goes ITM, I will roll again.
NUGT legging out
Bought to Close NUGT MAY 27 2016 150.0 Calls @ .10 (sold for 1.40 as part of a strangle)
Bought to Close NUGT JUN 3 2016 170.0 Calls @ .20 (sold for 1.75 as part of a strangle)
Other sides of these was 70 and 75 puts that I rolled 1 for 2 into 100 and 105 calls in same expiration staying fairly delta neutral now…
$UVXY #CoveredCalls #VXXGame – Sold…
$UVXY #CoveredCalls #VXXGame – Sold UVXY May 27 2016 24.0 Calls @ 0.24 – These expire next week.
SVXY September
Sold $SVXY Sep 16 30 put @ 1.50. Adding to position.
$UVXY #CoveredCalls #VXXGame – The…
$UVXY #CoveredCalls #VXXGame – The VIX is running
Sold UVXY May 27 2016 22.0 Calls @ 0.29 – These expire next week.
Sold UVXY JUN 10 2016 30.0 Calls @ 0.42
SPX calls closed
#SPXcampaign Bought to close $SPX June 10th 2145/2170 call spreads for .20. Sold for 1.90 on May 10th.
I follow the 5 month against the 30 month and it looks ominous.
I follow the 5 month against the 30 month and it looks ominous.
SPX Squeeze observation.
There is a squeeze in progress in the SPX monthly chart.
In the past, each time that it happened the SPX went to make huge moves.
5/08 down; 9/00 down; 3/95 up; 2/91 up; 1/84 up. It doesn’t happen often, but when it does, the SPX moves big. Missed the 7/2012 squeeze which lasted for 2 months and went up after if fired for 3 years.
SPX puts sold
#SPXcampaign Sold to Open $SPX June 10th 1900/1875 put spreads for 1.30, with SPX at 2032. Meanwhile, approaching stops on a few other put spreads.
$VIX – the VIX index…
$VIX – the VIX index has broken out to the upside .. for now
$NUGT #ShortPuts #OptionLadder #IRA -…
$NUGT #ShortPuts #OptionLadder #IRA – in case this plunge in NUGT is only temporary …
Sold NUGT MAY 27 2016 55.0 Puts @ 0.60 – expires next week
Sold NUGT JUN 3 2016 50.0 Puts @ 0.80
Sold NUGT JUN 17 2016 40.0 Puts @ 0.90
Sold 1 NUGT SEP 16 2016 30.0 Put @ 2.50
Sold 1 NUGT SEP 16 2016 29.0 Put @ 2.50
$CRM-Jeff-another excellent Salesforce rec!
$CRM-Jeff-another excellent Salesforce rec!
TBT, I have not been doing much in the market except taking risk off the table. Today I sold a small amount of TBT 35.5 puts for July 1
TBT, I have not been doing much in the market except taking risk off the table. Today I sold a small amount of TBT 35.5 puts for July 1
NFLX thoughts
$NFLX Showing relative strength all day long. Outperformed most of the Nasdaq (and all of its peers like AMZN, FB, GOOGL and even AAPL on a strong day for the forbidden fruit). Pretty decent volume. Rhetorical question but could this finally be the reversal? It still has quite a bit of work to do and will run into resistance on the way back up, and will have to traverse the 3 major moving averages. But it’s something to watch, as if I don’t have enough to watch.
AMZN expiration play
#IronButterfly Sold to Open $AMZN May 20th 700/695 put spread for 2.55. As it stands now, this is a 1:1 risk/reward trade. My plan is to sell the 700/705 call spread on strength tomorrow and end up with an iron butterfly for Friday, with very low risk.
Taking some more NUGT off
Taking these off at a profit for Friday’s expiration. Reducing exposure as much as I can now as NUGT plunges.
Bought to close $NUGT May 20 95 calls @ 1.80. Sold for 3.70, 2.60 and 4.00 from 3/27-4/7.
$SPX Closed June 10, 2145/2170…
$SPX Closed June 10, 2145/2170 BeCS for .35, sold for 1.42 on May 10.
$XRT Sold September 16 40/35 BuPS for 1.50. This is a retail ETF, really beaten down. Also bought a couple Sept. 46 calls at .23. Hopefully WalMart doesn’t drag it down further.
Closing a NUGT rolled position
Bought to close $NUGT 5/27 110 call (rolled out from 5/13 95 call on 5/13).
Paid to close: 2.27
Sold for 7.59 (rollout)
Overall profit from full position: 2.38
NUGT put
#ContangoETFs STO NUGT May 27th 75 put for 2.25
Options Bistro 