STO small trades: August opening trades
40 put @2.35
39 put @2.15
38 put @1.90
37 put @1.80
35 put @1.40
34 put @1.30
32 put @1.05
30 put @0.80
Daily Archives: Tuesday, June 21, 2016
SVXY covered call
Sold $SVXY Aug 19 70 call @ 2.00. Slowly selling calls against my long position.
A FEW:
$UVXY STO 6/24/16 16.5 CALLS @.63
$UVXY STO 6/24/16 17.0 CALLS @.55
$UVXY STO 7/1/16 18.0 CALLS @1.00
$VIX is creeping back up….
$VIX is creeping back up. If it gets back above $20, I’ll be looking at selling some $UVXY calls.
$SVXY
STO July 15 $68 calls @ $0.80
$GDX $NUGT
Gold miners performance is pretty impressive today. Gold down $20 and $NUGT only down $5. In the past we’ve seen $20 moves in gold exhibit very big moves in $NUGT, not today, or at least not yet today.
$SVXY
STO July 8 $67 calls @ $0.65
These cover some short puts. Will be looking to sell a few more calls to cover additional short puts.
FDX earnings decision
#Earnings I looked at wide iron condors, but preferred the risk/reward on an iron butterfly, or in this case a very tight iron condor. Risking $150 to make $350, shooting for the week to end with a less than 3% move:
Sold to Open FDX June 24th 157.5/162.5/165/170 iron condors for 3.50. May add more contracts as day progresses, depending on intraday action.
Yellen – “cautious approach still…
Yellen – “cautious approach still appropriate.”
SPX sideways + VXX moving…
SPX sideways + VXX moving up = market should move down today
$NUGT BTC Jun24 $110 call…
$NUGT BTC Jun24 $110 call for $3.30, sold last Friday for $8.40, now I need a rebound to unload my stock. $104 would be nice.
FDX earnings
#Earnings Fed X is normally a small mover on earnings, averaging 3.3% moves. So I would like to try a neutral trade, but last quarter it moved UP 11%, its biggest single-day earnings move since 2002. That gives me pause…
Good morning
We live in interesting times.
Options Bistro 