Sold UVXY Jun 24 2016 9.5 Puts @ 0.13. The strike is below the recent all time low.
I’ve been selling calls for days so this is a small offset. Also if UVXY falls that far, my large SVXY stock position will be soaring.
Daily Archives: Thursday, June 16, 2016
$SVXY #Covered Calls – Sold SVXY Jul 8 2016 67.0 Calls @ 0.40
Sold SVXY Jul 15 2016 67.0 Calls @ 0.70
Strike prices are above the YTD high on the stock
SVXY Covered Calls
I used today’s bounce to sell $SVXY Jul 15 60 calls at 2.00 and 2.10. Replaces covered call positions I closed out yesterday.
SPX calls sold
#SPXcampaign Sold to Open $SPX July 8th 2160/2185 call spreads for 1.30, with SPX at 2077.
SVXY
STO SEPT 16, 35 put @2.50, adding small to my position. I was trying to sell 31,32,33,34, puts but only got one fill on the 34 puts.
$NUGT
I BTC Jun 17 $110 call for $2. sold $7.95 last week I still have the shares. I am thinking of selling next weeks $110 call for $8 – $9. My basis is $106.
To the $NUGT traders: Do you think this is a good idea or should I keep the stock unencumbered, to sell at optimum, or close, time.
SVXY
STO July 1, 35 put @0.80
$UVXY #Longstock – Sold a batch of long stock at 17.06 today. A smallish gain on the trade.
Trying to buy back this week’s strike 18 calls at a penny since I don’t need them anymore.
NUGT misc
Taking care of these now since tomorrow will be a fairly busy day. These weeklies keep paying quite nicely. Selling pretty aggressive strangles then rolling whichever side I have to and then selling the other side. Staying small!
Bought to Close NUGT JUN 17 2016 95.0 Put @ .20 (sold for 2.40)
Bought to Close NUGT JUN 17 2016 100.0 Put @ .49 (sold for 3.10)
Bought to Close NUGT JUN 17 2016 105.0 Put @ 1.00 (sold for 4.70)
Sold NUGT JUN 24 2016 95.0 Put @ 4.20
Sold NUGT JUN 24 2016 100.0 Put @ 5.40
Still slightly short delta overall down to around 98…
New indicator from John Carter…
Got this recently…seems kinda cool. The red/green dots at the bottom signal bearish or bullish on each of the next 4 higher time frames based on the time frame of the current chart. Haven’t quite figured out exactly how to trade it since I missed most of the webinar Saturday. Hoping to catch up over the weekend…seems like it could be a powerful tool combined with the squeeze indicator.
SPX puts stopped
#SPXcampaign Had another stop hit, but looks like I unfortunately exited at the bottom, without getting a fill on the roll. Now I will have to wait to sell a roll, perhaps in the calls if we go much higher before we go lower.
BTC $SPX June 24th 1985/1960 puts spreads for 3.00. Sold for 1.30 on June 2nd.
also, to balance margin:
BTC $SPX June 24th 2160/2185 call spreads for .20. Sold for 1.55 on May 25th.
From VIXCONTANGO.com
Of course they are just guessing like any body else…LOL
The SPX broke 2064 overnight which was the latest mini-support level of the alst 2 days. We’re in a vacuum here down to the 2040 level where the Nov-Dec lower highs support line sits. Underneath that is the 2020 level where the 100MA and 200MA sit.
The goal here is to go long volatility as the VIX will go to 25 or 30 or more as the SPX goes from 2060 to 2040 and ideally to the 2020 level.
Somewhere after the open, I will enter in a “Long VXX” trade at 50% of allocation. This trade should be executed in a margin account only because I may close the trade intraday at any time if the trade action goes against the trade or the VIX is seeming to peak (or the VX1 future stops responding to the VIX spiking). If you are using a 401(k), I recommend sitting this one out.
We are just entering negative contango here for a second time in a week (not a good sign for SPX bulls). VDelta is very negative. VCO and VTRO are also negative. VCO in particular is now negative for 4th straight day, a very ominous development for the SPX with a 100% volatility spike track record.
This is a good spot to go Long VXX even though the SmartVXX algo is not yet ready to pounce. The SmartVXX algo needs Contango and Roll Yield to get significantly negative (ie the Volatility Curve is heavily inverted). As such there is still risk of reversal (ie volatility reversing and starting to go down) here and for that I will have a pretty tight stop here at 5%. The worst loss should be 5% of 50% or about 2.5% of the portfolio. The target gain on this trade is anywhere from 10% to 25% over the next week. For those that are more adventurous, you can go with UVXY here to capture even more of the VIX pop. We could end up with a spike to VIX of 40 here. The Brexit will be the excuse, but the FED’s fumble yesterday will most likely be the real reason.
SKEW high
The SKEW reading is reaching its highest levels since early January… a bearish signal.
SPX call spreads closed
Several SPX call spreads closed this morning at predetermined profit levels, all for about 60-70% max profit. Trying to stay with discipline even though could probably have waited and gotten more of the max profit later. This discipline with the SPX spreads has resulted in my best, most profitable 4-5 months of trading ever. I suggest to all of you that you use a disciplined approach to trading, whatever discipline works for you. It’s when I put the discipline aside that I start losing money and having to scramble to make things happen. @Jeff, thanks for showing discipline in your approach to trading these SPX spreads. It is different from what I’m doing, but the encouragement to be disciplined has resulted in $$$ in my account instead of losses. Thanks!
FB covered put rolls
#Rolling #ShortStock #CoveredPuts I’m looking to get out of my short stock with FB below 110 in the coming days. I am therefore rolling 2 puts I have at 113 to give myself exit points below 110.
BTC FB June 24th 113 put for 1.98 / STO FB July 22nd 108 put for 2.02
BTC FB July 1st 113 put for 2.50 / STO FB Dec 90 put for 2.68
#Earnings are projected to be last week of July. I’d like to be out of this position by then, although I’m okay with keeping the Dec 90 put longer.
SPX Puts sold
STO Jul 29 1840/1825 BuPS for 1.10 with SPX at 2051.
Another NUGT call
Sold $NUGT Jul 15 164 call @ 8.00. Highest strike in July.
SPX,SVXY
Trying to keep things in perspective. From the recent high the SPX is down 3.2% and the SVXY is down 27.5%. There sure is a lot of volatility out there.
SPX puts sold
#SPXcampaign Sold to Open $SPX July 14th 1860/1835 put spreads for 1.50, with SPX at 2053.
SVXY
STO September 34 put@3.10
SPX condor roll
#SPXcampaign Sold to Open $SPX July 14th 1825/1850/2160/2185 iron condors for 2.40. This is a roll from put spread stopped at last night’s close.
Selling puts on ILMN
This is a stock I wouldn’t mind owning a cost basis of under 120.
Sold $ILMN Jul 15 120 puts @ 1.10.
NUGT
Rolled my June 24, 110 call out to August 19, 155 call for a 0.25 cent credit.
TLT longs
#LongCalls Sold to close my final $TLT June 17th 32 calls for 4.05 (yesterday) and 5.05 (today). Bought for 1.48 in april and May.
UVXY puts coming in
#VXXGame I have been rolling underwater UVXY puts for weeks… in the end I would up really heavy on June 17th expiration, being short 18,17,15,14,13, and 12 puts expiring tomorrow. Imagine my luck that this is the week of the volatility pop!
BTC $UVXY June 17th 15 put for .40. Sold for 1.30 in March. Will scale out of more today and tomorrow, rolling anything that remains underwater.
Options Bistro 