$UVXY #ShortPuts – Bought to close UVXY (Weekly) May 13 2016 13.5 Puts @ 0.14 to avoid possible assignment tonight
Monthly Archives: May 2016
NUGT strangle
Easing in again…staying short term and small. Thinking (hoping 🙂 ) that next week’s 75/145 will start decaying pretty rapidly after the weekend.
Sold 1 NUGT MAY 27 2016 70/150 Strangle @ 3.40
SPX calls closed
#SPXcampaign Bought to close $SPX May 27th 2135/2160 call spreads for .30. Sold for 2.25 on April 29th as a roll.
Transports and Oil holding the…
Transports and Oil holding the bulls down…maybe another day of nothing…which is great for Theta decay….
$DXY $GLD
Dollar making a pretty good move higher but Gold really barely moving. Gold has been surging more on weak dollar than it has been giving back on a strong dollar. Continues to be an underlying bid.
SPX puts sold
#SPXcampaign Sold to open $SPX June 3rd 1965/1940 put spreads for 1.45, with SPX at 2065.
$KATE #ShortStock – covered a…
$KATE #ShortStock – covered a short stock position @ 21.90 that I’ve had for several months. Made a small profit.
Still short the July 14 Puts
$AAPL in January I bought…
$AAPL in January I bought a July 100 call and have been selling calls against it successfully. Today I had to change strategy and turned it into a BeCS strategy, selling a May 27, 95 call against the July 100. It’s been interesting to watch. Recently when AAPL went on a run I had to roll out to a July 105 and received about what I paid for the 100, figuring the fun was over, which I rolled to the above mentioned 95 for a credit. If AAPL can find a bottom, I may try this again with a deep in the money January call.
#SPXcampaign Sold to Open $SPX…
#SPXcampaign Sold to Open $SPX JUN 30 2016 1835/1805 BuPS @1.40
$XME sold a June 17…
$XME sold a June 17 20/23 strangle for 1.43 following from TT
#SPXcampaign Sold to Open $SPX…
#SPXcampaign Sold to Open $SPX JUL 15 2016 1835/1805 BuPS @2.05
More NUGT put hedges
Sold $NUGT May 20 75 puts @ 1.50
SPX condor
STO Jun 24 2185/2175/1920/1910 @1.50.
$NUGT
2 days in a row, spike higher for 30 min’s then crater.
$AAPL question? All responses welcome.
Currently am short AAPL May 20 100 put. At the time I sold it, AAPL was at 110. Today AAPL at new, almost 2 year low. Looks like I’ll have AAPL stock at 100 (minus the 1.30 received, for cost basis 98.30).
My original thesis was I’d be happy to take AAPL at 100, now it could put me way down. Long term? I still think AAPL will recover and be profitable long term. I have no idea how long that will be.
Thoughts here? I guess I could start selling covered calls when I’m assigned the stock, or I could just get out now for a loss, or something else. I’m sort of tossed on this one as to hold for the long term or recover my capital and deploy elsewhere. Got about a week to figure it out unless assigned early.
Thoughts please?
SPX calls sold
#SPXcampaign Sold to Open $SPX May 27th 2125/2150 call spreads for 1.30. Sadly, this was a previously stopped spread as SPX rallied above 2110. Now it goes back on, hopefully to die silently rather than violently.
$RL wrong on Ralph
$RL wrong on Ralph
$RL Ralph lauren I know…
$RL Ralph lauren I know it’s low probability but Bought a 75/70 May 20 put spread for .71, earnings tonight, retail isn’t looking very good, RL isn’t looking very good, what the h
$SVXY
Sold May 27th 50 Put @ 1.30. Will roll as needed.
$QQQ followed a calendar put…
$QQQ followed a put calendar from TT. sold a June 15 104 put and bought a July 17 104 put for an .87 debit.
+1% followed by 1% Market…
+1% followed by -1%
Market volatility strikes again
NUGT calls in 5/27
Sold $NUGT May 27 (weekly) 175 calls @ 1.50. Highest strike for that week.
XIV flipper
In at 28.05 yesterday and out at 29.05 today. Wouldn’t mind seeing it trade down to the 27.50 area for a possible re-entry.
NUGT call roll
Rolled next week’s 185 calls down to 145 for 1.20 credit. Trying to squeeze a little more out of this one but hopefully still safe… 🙂 Paired with 75 puts…
AMZN Call Spread Jun 16…
AMZN Call Spread Jun 16 – 785/795 Sold for $1.07 when AMZN @ 717
10% ROI – 37 days DTE, 10 delta
Will look to make IronCondor when there is a pullback
AMZN Covered Call
Sold $AMZN May 20 750 call @ 2.00
SPX put spread sold
#SPXcampaign Sold to Open $SPX May 19th 2015/1990 put spreads for 1.30, with SPX at 2076. This will complete my rolls for the May 19th expiry, since I stopped a put spread on April 29th.
$NUGT $GLD
WOW! didn’t expect to see $NUGT sell off like it is with Gold up on the day. Didn’t even get a chance to fire off any Call sales.
SPX completing iron condor.
STO Jun 3 2150/2140 call spread for 0.75.
This completes IC. Previously sold 1950/1940 put spread for 0.70.
Complete IC for 1.45 credit.
SPX spreads sold
#SPXcampaign STO June 3 2140/2165 call spreads @ 1.40 makes this an iron condor with puts spreads at 1900/1875 @ 1.25.
Yesterday, bought to close, gtc order, SPX May 20 1935/1910 put spreads @ .15.
SPX spreads sold
#SPXcampaign Sold to Open $SPX May 25th (Wednesday) 2010/1985 put spreads for 1.70 and 2125/2150 call spreads for 1.50; a condor roll from stopped call spread this morning.
Sold to Open $SPX June 10th 1950/1925 put spreads for 1.40.
NUGT calls
#ContangoETFs STO $NUGT May 13th 120 call for 1.70
STO NUGT June 3rd 150 call for 4.50
STO NUGT June 17th 185 call for 4.00
SPX calls closed
#SPXcampaign Bought to close May 13th 2090/2115 call spreads for 2.90. Sold on Friday for 1.50. Will look to roll today.
$UVXY
AM I the only one expecting a rebound from $13 up to 14.50 or 15? This market is overbought short-term. BTC UVXY 13.10 shorted 18.50, 15.85
Risk certainly back On
#SPXcampaign I’m stuck with this week’s 2090/2115 call spread. I have been trying to get out for past hour, but rally won’t stop. Looking to roll up to March 24th Wednesday weekly 2120/2145 with 1.5x contracts. I would then add a put spread as well to balance out margin and premium.
$LL I saw a headline…
$LL I saw a headline about old nemesis Lumber Liquidators, still going down, anybody here remember that fiasco? Yikes!
$SPY followed mortlightman with his…
$SPY followed mortlightman with his SPY butterfly but went to May 27 and increased the higher strike to 208. Buy a 203, sell 2 205s, buy a 208 for a credit 0f .41. This makes money on a pullback below 207 and change. I’m new at these butterflies, learning as I go, small risk.
edited for proper strike-again
SOME TRADES: Trade repair, rolling…
SOME TRADES: Trade repair, rolling out and down. Going on a trip and may not be able to do this by Friday.
$FCX BTC 5/13/16 12.0 PUTS @1.30
$FCX STO 5/20/16 11.50 PUTS @1.20 Lost .10
$UVXY BTC 5/13/16 15.0 PUTS @1.79
$UVXY STO 5/27/16 14.0 PUTS @1.82 Made .03 ;>)
$UVXY BTC 5/13/16 17.0 PUTS @3.55
$UVXY STO 6/3/16 16.0 PUTS @3.50 Lost .05
$UVXY STO 5/20/16 18.0 CALLS @.34
$UVXY STO 5/27/16 20.0 CALLS @.41
$WLL STO 6/3/16 11.50 CALL @.55 Covered
$SVXY sold calls (covered) May…
$SVXY sold calls (covered) May 13 $58 for 0.80
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY MAY 13 2016 17.0 Calls @ 0.14
When SPY was 207.65
When SPY was 207.65
BTO SPY May 16 207/205/203…
BTO SPY May 16 207/205/203 BF .30
SPX calls sold
#SPXcampaign Sold to open $SPX June 10th 2145/2170 call spreads for 1.40, with SPX at 2071.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY JAN 20 2017 170.0 Call @ 0.37. Still has 255 days until expiration.
Originally sold 12/11/15 @ 10.10
Good morning!
New all-time low in $UVXY was hit right after the open, beating the low from April 28th. Also, lowest for the VIX since that date. Almost a new low in VXX…
$SPX following rknight with a…
$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
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 Expiration May 6
Closed Early
$SPXW 2160/2135 5/13 BECS 90% profit
$SPXW 2160/2145 5/13 BECS 86% profit
$GOOGL 775/770 5/20 BECS 89% profit
Full Profit
$UVXY $18Call (covered)
$NUGT 77.5 Put
$SPXW 2170/2145 BECS
$SPXW 2150/2125 BECS
$SPXW 1810/1915 BUPS
$SPXW 1900/1925 BUPS
$SPXW 1985/2010 BUPS
Roll
$NUGT 5/6 95 Call to $NUGT 5/13 101 Call
Options Expiration for 5/6
Closed and/or rolled most of my positions for 5/6. Only 2 remaining that expired:
$NUGT 05/06/2016 77.50 puts
$NUGT 05/06/2016 71.00 puts
SPX puts closed
#SPXcampaign Right before the bell, bought to close $SPX May 13th 1960/1935 put spreads for .20. Sold for 1.35 on April 15th.
UVXY after the bell…
#VXXGame Filled on an open order, STO UVXY May 13th 13.5 puts for .283.
DATA earnings double diagonal
#Earnings, so much for my double diagonal experiment… I forgot to close it! So the short 51 call expires, will be assigned the stock from the short 51 put, and will still be holding May 13th long 52 call and long 49 put. Downside risk capped at 49.00. Upside gain uncapped.
$UVXY #ShortPuts – Sold UVXY…
$UVXY #ShortPuts – Sold UVXY May 13 2016 13.5 Puts @ 0.25 replacing a similar position expiring today.
This expires next Friday.
Options Expiration 5/6/16
— Expiring —
$DATA 51 call (see separate post)
$NUGT 90 put
$SPX 2010/1980 put spreads
$SPX 2130/2155 call spreads
$UVXY 13.5 puts
— Assignment —
$UVXY 16 put, taking stock… not worried that we’ll be above 16 at some point next week
$DATA 51 put – (see separate post)
— #Earnings Loss —
$BABA 71/73/77 broken-wing put fly
OPTIONS EXPIRATION, 5/6/16
—PUTS—
$UVXY 14.5 PUTS
—CALLS—
$WLL 12.50 CALLS
$FCX 12.50 CALLS
$UVXY 19.0 CALLS
$UVXY 18.0 CALLS
ETE 13.0 CALLS COVERED Did this, this morning. Buy/Write
Have a great weekend everyone.
#OptionsExpiration #Weeklys #May06 – another…
#OptionsExpiration #Weeklys #May06 – another rough week getting whipsawed by NUGT and being forced to roll more SVXY covered calls than I wanted to.
The good news is almost everything I didn’t roll expired. Only one very small assignment this week.
— Expirations —
CMG (Weekly) May 6 2016 450 Calls
FEYE (Weekly) May 6 2016 18.5 Calls (Covered)
MRO (Weekly) May 6 2016 15 Calls (Covered)
NUGT (Weekly) May 6 2016 60 Puts
NUGT (Weekly) May 6 2016 76 Puts
NUGT (Weekly) May 6 2016 77.5 Puts
NUGT (Weekly) May 6 2016 79.5 Puts
NUGT (Weekly) May 6 2016 80 Puts
NUGT (Weekly) May 6 2016 81 Puts
NUGT (Weekly) May 6 2016 82 Puts
NUGT (Weekly) May 6 2016 83 Puts
NUGT (Weekly) May 6 2016 84 Puts
NUGT (Weekly) May 6 2016 85 Puts
NUGT (Weekly) May 6 2016 86 Puts
NUGT (Weekly) May 6 2016 89 Puts
NUGT (Weekly) May 6 2016 120 Calls
NUGT (Weekly) May 6 2016 128 Calls
NUGT (Weekly) May 6 2016 140 Calls
SVXY (Weekly) May 6 2016 35 Puts
SVXY (Weekly) May 6 2016 37 Puts
SVXY (Weekly) May 6 2016 38 Puts
SVXY (Weekly) May 6 2016 39 Puts
SVXY (Weekly) May 6 2016 40 Puts
SVXY (Weekly) May 6 2016 54.5 Calls
SVXY (Weekly) May 6 2016 55 Calls
SVXY (Weekly) May 6 2016 56 Calls
SVXY (Weekly) May 6 2016 57.5 Calls
TSLA (Weekly) May 6 2016 197.5 Puts
TSLA (Weekly) May 6 2016 242.5 Calls
TSLA (Weekly) May 6 2016 245 Calls
TSLA (Weekly) May 6 2016 252.5 Calls
TSLA (Weekly) May 6 2016 255 Calls
UVXY (Weekly) May 6 2016 13.5 Puts
UVXY (Weekly) May 6 2016 18 Calls (Covered)
UVXY (Weekly) May 6 2016 20 Calls (Covered)
UVXY (Weekly) May 6 2016 21 Calls (Covered)
UVXY (Weekly) May 6 2016 22 Calls (Covered)
UVXY (Weekly) May 6 2016 23 Calls
UVXY (Weekly) May 6 2016 25 Calls
UVXY (Weekly) May 6 2016 26 Calls
— Assignments —
DUST (Weekly) May 6 2016 2 Puts
A TRADE: A roll out,…
A TRADE: A roll out, for a .61 credit.
$UVXY BTC 5/6/16 17.0 PUT @1.60 STO @1.18 A winner this morning, but Mr. Market said, “not so fast.” ;>)
$UVXY STO 5/13/16 17.0 PUT @2.21
$SVXY #CoveredCalls #Rollup #OptionLadder –…
$SVXY #CoveredCalls #Rollup #OptionLadder – As I said earlier today SVXY is back to it’s old ways, rallying on expiration day.
Once again, I split up a major short call position, due this week, into three parts to spread the risk across multiple expiration dates. This creates a future #OptionLadder and allows the stock to run in the future. Nice Credits on all the rolls and I had sold the strike 53 Calls I am covering @ 2.16 on a previous roll.
Bought to close SVXY May 06 2016 53.0 Calls @ 0.65 – 1/3 of this position
Sold SVXY May 20 2016 57.0 Calls @ 1.06
Bought to close SVXY May 06 2016 53.0 Calls @ 0.70 – 1/3 of this position
SVXY May 27 2016 58.0 Call @ 1.30
Bought to close SVXY May 06 2016 53.0 Calls @ 0.50– 1/3 of this position
Sold SVXY Sep 16 2016 75.0 Calls @ 1.30
I had not planned on having to cover this position. It would have been more profitable to have it expire, but I’ll make back what I spent over the next few weeks.
SPX puts closed
#SPXcampaign Bought to close $SPX May 11th 1980/1955 put spreads for .20. Sold for 1.30 on Wednesday.
$SVXY #CoveredCalls #Rollup – unless…
$SVXY #CoveredCalls #Rollup – unless SVXY gets above 53 in the next 2 hours this is my last roll for today.
Bought to close SVXY May 06 2016 50.5 Calls @ 1.60 – originally sold at 4.65 on a previous rollup.
Sold SVXY (Weekly) Jun 24 2016 58.0 Calls @ 2.47 – a 7 1/2 point bump in the strike plus a 0.87 credit.
$NUGT #ShortStrangle – Sold 1…
$NUGT #ShortStrangles – Sold 1 NUGT May 20 2016 60.0 / NUGT May 20 2016 160.0 Strangle position @ 3.25. Staying small and short term on this beast. It’s very easy to get whipsawed.
Options Bistro 