Option Iceman 8:09 pm on Monday, June 13, 2016

$UVXY $VXX $SVXY – extreme…

$UVXY $VXX $SVXY – extreme moves today. After hours the moves have continued in the same direction.

I feel that we may be in for 5 to 10 more days of extreme volatility. But short calls on UVXY and VXX will ultimately work for those with patience and a lot of buying power. UVXY could double from here on a violent move but that would only take it to about 30.

Top of the chain UVXY Options which are available that I think would be good sales with acceptable premiums and low margin requirements:
July 15 32 calls
Sept 115 calls
Jan 170 calls

JMHO

Option Iceman 1:30 pm on Monday, June 13, 2016
Tags: OptionLadder ( 132 ), ShortCalls ( 979 )

$UVXY #ShortCalls #OptionLadder – why…

$UVXY #ShortCalls #OptionLadder – why average up a trade when you can keep raising the strike price.
Sold UVXY SEP 16 2016 90.0 Calls @ 0.84 at 15:03:31
Sold UVXY SEP 16 2016 95.0 Calls @ 0.84 at 15:22:33
Sold UVXY SEP 16 2016 100.0 Calls @ 0.84 at 15:23:09
Sold UVXY SEP 16 2016 105.0 Calls @ 0.84 at 15:23:46
Sold UVXY SEP 16 2016 110.0 Calls @ 0.84 at 15:27:49
I would have kept going but I had to run someone to the airport

Jeff 12:56 pm on Monday, June 13, 2016
Tags: ReverseRoll ( 144 ), SPXcampaign ( 2,265 )

SPX puts spreads stopped

I am stopping out on three put spreads, details to follow. Not sure about rolls yet.

#reverseroll, #spxcampaign

jsd501 12:50 pm on Monday, June 13, 2016

SVXY

STO June 24, 37 put @.95

STO June 24, 36 put @.85

Jeff 12:33 pm on Monday, June 13, 2016
Tags: LongCalls ( 495 )

TLT long calls

#LongCalls Sold to close $TLT June 17th 132 calls for 3.30. Bought for 1.48 (avg price) in April and May. Closed half my position; will leave half in case we get more upside this week, but won’t let us drop much.

prvtrader 12:26 pm on Monday, June 13, 2016

Out of FB BWBF…

STC Jun 17 FB 113/115/119 BW BF for $2.36 crd; Bought on FR for 1.16

jsd501 12:23 pm on Monday, June 13, 2016

SVXY

STO July 29, 30 put @1.05

jsd501 12:21 pm on Monday, June 13, 2016

SVXY

STO July 29, 35 put @1.75

Sam KS 12:02 pm on Monday, June 13, 2016

CMG put sold

CMG July 16 355/345 put sold for $1.05 when CMG at 399. seems currently over sold and bottom of Bollinger band. 10% ROI and delta around 15.

Addy 11:37 am on Monday, June 13, 2016

UVXY is working independently from…

UVXY is working independently from SPX and the market.

Jeff 11:12 am on Monday, June 13, 2016

Stock market or Brexit controlling the VIX?

It could be that the VIX and market volatility in the coming days will not be controlled as much by the market moves as it will be by the polling on the Brexit vote. It has been running neck and neck and may continue to do so into June 23rd’s vote.

It is widely believed that the UK’s exit from the EU would cause economic pain and market volatility. The “Leave It” campaign has been gaining in the polls which is possibly the reason for what we’ve seen Friday and today.

This would help explain the explosion we’ve seen in the VIX price which is not matched in its extreme by the indices. SPX is down less than .5%, while VIX has been up over 16% two days in a row. The last time the VIX was up over 16% was on Jan 7th, when SPX dropped 2.37%.

Jeff 10:59 am on Monday, June 13, 2016
Tags: CoveredPuts ( 44 ), ShortStock ( 77 )

FB covered put

#ShortStock #CoveredPuts STO $FB July 8th 108 put for 1.20

Ramie 10:52 am on Monday, June 13, 2016

FB puts

Selling some puts in the Jul 22 weekly (likely before earnings). Strike is below the recent April low, and below the 200 day moving average, where the stock hasn’t been since January.
Sold $FB Jul 22 104 puts @ 1.07.

thomberg1201 10:51 am on Monday, June 13, 2016

Interesting research on buying cheap…

Interesting research on buying cheap OTM calls to reduce margin requirements when selling a strangle.
https://www.tastytrade.com/tt/daily_recaps/2016-06-08/episodes/strangle-replacements-are-cheap-wings-worth-it-06-08-2016

Option Iceman 10:45 am on Monday, June 13, 2016
Tags: ShortPuts ( 4,763 )

$NUGT #ShortPuts – Sold these…

$NUGT #ShortPuts – Sold these paired with existing short Calls. These all expire Friday.
Sold NUGT Jun 17 2016 85.0 Puts @ 1.05
Sold NUGT Jun 17 2016 84.0 Puts @ 1.05
Sold NUGT Jun 17 2016 83.0 Puts @ 0.85
Sold NUGT Jun 17 2016 82.0 Puts @ 0.74
Sold NUGT Jun 17 2016 80.0 Puts @ 0.55

Option Iceman 10:21 am on Monday, June 13, 2016
Tags: ShortCalls ( 979 ), VXXGame ( 769 )

$UVXY #ShortCalls #VXXGame – Sold…

$UVXY #ShortCalls #VXXGame – Sold UVXY SEP 16 2016 50.0 Calls @ 1.44
Sold UVXY SEP 16 2016 55.0 Calls @ 1.25

Ramie 10:17 am on Monday, June 13, 2016

Selling some puts on NUGT now

On the reversal. Sold $NUGT Jul 15 60 puts @ 1.80. Offsets short calls.

Option Iceman 10:15 am on Monday, June 13, 2016
Tags: ClassicVXXGame ( 35 )

$UVXY @ShortCalls #ClassicVXXGame – Sold…

$UVXY @ShortCalls #ClassicVXXGame – Sold some small risk calls at the top of the chain with the stock at 13.50

Sold UVXY Jan 20 2017 170 Calls @ 0.50
Sold UVXY Jan 19 2018 115.0 Calls @ 3.40

Jeff 10:14 am on Monday, June 13, 2016

UVXY still going up

Even with the bounce we’ve gotten on the SPX, VIX and UVXY barely retraced down at all.
Followed @Iceman on these just as the Warning was firing earlier.
STO UVXY June 17th 19 calls for .19
STO UVXY June 24th 22 call for .56

jsd501 10:05 am on Monday, June 13, 2016

SVXY

STO June 24, 43 put @1.10

jsd501 10:01 am on Monday, June 13, 2016

SVXY

STO June 17, 42 put @0.20

STO July 1, 44.5 put@1.85

STO July 8, 40 put @1.35

Jeff 8:51 am on Monday, June 13, 2016
Tags: SPXcampaign ( 2,265 )

SPX puts sold

#SPXcampaign Sold to Open $SPX July 14th 1910/1885 put spreads for 1.40, with SPX at 2089. This order was in before the Warning fired.

Jeff 8:42 am on Monday, June 13, 2016
Tags: VIXIndicator ( 294 )

Downside WARNING fired

#VIXIndicator The Bistro VIX indicator has fired a downside warning. This means there is a high probability of a correction in the coming days or weeks. The VIX has increased 25% within 2 days, hitting 18.30, which is 25% above Thursday’s close. That was the first signal. Then we crossed 18.75, which is 50% above the most recent VIX low (12.50 from April 20th). That was the second signal, and two signals equal a WARNING.

Be leery of the downside, careful with any rolls. Historically, a bigger correction usually occurs after two signals fire; it could be this week, or it could occur weeks from now. To negate this warning, we would need new highs on the S&P (above most recent high of 2120.55, set last week), or the VIX closing three consecutive days below the 78.6% Fib retracement, or 14.32 (based on VIX intraday high of 21.01).

Option Iceman 8:41 am on Monday, June 13, 2016
Tags: ShortPuts ( 4,763 ), VXXGame ( 769 )

$SVXY #ShortPuts #VXXGame – some…

$SVXY #ShortPuts #VXXGame – some sales this morning. Maybe a bit early but they are all near term.
SVXY JUN 17 2016 42.0 Puts @ 0.20
SVXY JUN 17 2016 44.5 Puts @ 0.35
SVXY JUN 24 2016 44.5 Puts @ 1.05
SVXY JUL 1 2016 44.5 Puts @ 1.45
SVXY JUL 8 2016 44.5 Puts @ 1.80

Option Iceman 8:34 am on Monday, June 13, 2016
Tags: ShortCalls ( 979 ), VXXGame ( 769 )

$UVXY #ShortCalls #VXXGame – Sold…

$UVXY #ShortCalls #VXXGame – Sold UVXY JUL 15 2016 32.0 Calls @ 0.72. Adding on to my position

Option Iceman 8:19 am on Monday, June 13, 2016
Tags: CoveredCalls ( 2,200 ), VXXGame ( 769 )

$UVXY #CoveredCalls #VXXGame – when…

$UVXY #CoveredCalls #VXXGame – when the stock opened at 13 this morning I sold the following –
UVXY JUN 17 2016 19.0 Calls @ 0.19 – these expire Friday
UVXY JUN 24 2016 22.0 Calls @ 0.54
UVXY JUL 1 2016 25.0 Calls @ 0.70 – highest available strike price
UVXY JUL 15 2016 32.0 Calls @ 0.55 – highest available strike price
UVXY JUL 22 2016 22.0 Calls @ 1.42 – highest available strike price

Ramie 8:03 am on Monday, June 13, 2016
Tags: VXXGame ( 769 )

UVXY calls in 7/1

#VXXGame
Sold $UVXY Jul 1 (weekly) 25 calls @ .60

Sam KS 7:32 am on Monday, June 13, 2016

Microsoft to buy LinkedIn for…

Microsoft to buy LinkedIn for $26.2 billion; LNKD shares jump 48%

http://www.cnbc.com/2016/06/13/microsoft-to-buy-linkedin.html

Anyone sold LNKD calls will be deeeeep ITM.

Ramie 6:48 am on Monday, June 13, 2016

NUGT Sep

Sold $NUGT Sep 16 185 call @ 14.00
Adding to highest strike.

mortlightman 6:40 am on Monday, June 13, 2016

Jeff, You are doing a…

Jeff, You are doing a good job with this site.
GM

Jeff 6:34 am on Monday, June 13, 2016
Tags: SPXcampaign ( 2,265 )

SPX calls sold

#SPXcampaign Sold to Open $SPX July 14th 2175/2200 call spreads for 1.80. Trying something slightly different, selling calls at the bell on a Monday, even with market down. Premium seems to drain quickly from calls as the week progresses, so I think what I get here will be better than what I can get with SPX at 2100 later in the week. We shall see. But in any case, comfortably above all-time highs.