Sold at 22.75 on the last second spike earlier and just covered at 21.75. A full point while packing for work..LOL I’ll take it!
Daily Archives: Monday, June 27, 2016
#SPXcampaign chart and VIX Indicator…
#SPXcampaign chart and VIX Indicator have been updated. Have a good night, y’all!
VIX
I find it odd that the market finished down 1.5% and more on the SPX but the VIX was also down 2.7%. I guess it is telling us that we are going to get a bounce in the morning.
$PCLN Sold a July 15…
$PCLN Sold a July 15 1040/1025 BuPS for 1.26 while I was getting my oil changed. It was around 1182 at the time.
$TLT short calls
I’m looking for bonds to (at a minimum) slow their explosive move up over the next week or so. Selling 22 delta calls for July expiration.
Sold $TLT Jul 15 144 calls @ .75
$RCL Falling Knife trade
Sold $RCL Dec 16 45 puts @ 1.27
NUGT and FB
Earlier, STO NUGT July 22nd 80 put for 3.90.
Also, STO FB July 22nd 106 covered put for 1.70. Definitely too early on that one.
Closing some SVXY calls
Closing these positions for near max profit.
Bought to close $SVXY Aug 19 70 calls @ .15. Sold for 2.00 on 6/21.
Bought to close $SVXY Sep 16 75 calls @ .20. Sold for 2.45 on 5/13.
SPX puts stopped
#SPXcampaign Bought to close $SPX June 30th 1970/1925 put spreads for 4.75. Sold for 2.10 on June 17th. This one was too close for comfort to leave overnight. I am planning on rolling on the next significant move in either direction.
SPX call spread closed in…
SPX call spread closed in one day for nice profit.
STO this morning Jul 1 2075/2085 call spread for 0.85 credit, now closed at my predetermined limit price of 0.20 in just a few hours. I like that profit action, but the next question for SPX is how low can she go!
SVXY
STO 25 put @ 2.80
VIX
Jeff, how does your VIX indicator look? It seems to have a tough time stating above 25?
$SPX sold July 8, 1900/1890…
$SPX sold July 8, 1900/1890 put spread for 1.05
$VXX sold Aug 19 20…
$VXX sold Aug 19 20 call for 1.63. I’m short a 21 put that has been rolled, so I guess I have a 21/22 ratio calendar strangle California condor or something like that
#Market #Volume Looking at volume…
SPX calls closed
#SPXcampaign Bought to close $SPX July 8th 2160/2185 call spreads for .10. Sold for 1.30 on June 16th.
SPX roll sold
#SPXcampaign Sold to Open $SPX July 22nd 1775/1800/2110/2135 for 2.70, 1.5x position size. This is a roll from the July 14th spread stopped earlier.
I now have all stopped spreads rolled, so all premium lost has been replaced with further out spreads.
/VX VIX futures
Sold at 22.50 and covered at 22.30
Little 20 tick winner…sold too early so looking to re-enter closer to 23 on this current drop.
SVXY covered calls
Bought to Close SVXY JUL 15 2016 65.0 Calls @ .05 (sold for .90)
Joining SPX party…
Bought to Close SPX SEP 16 2016 2250/2275 Bear call spreads @ .25 (sold for 1.60)
STO SPX IBF 2040/2050/2050/2060 9.05…
STO SPX IBF 2040/2050/2050/2060 9.05 Cr this Friday
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT Jul 1 2016 85.0 Puts @ 0.65
$PCLN down another 50 today
$PCLN down another 50 today
SPX roll sold
#SPXcampaign Sold to open $SPX July 29th 1675/1700/2125/2150 iron condors for 2.35, 1.5x position size. Rolled from July 22nd put spread stopped earlier.
SPX puts stopped
#SPXcampaign Bought to close $SPX July 14th 1910/1885 put spreads for 4.00. Sold for 1.40 on June 13th.
Turnaround Tuesday may be in…
Turnaround Tuesday may be in order. Market rarely bottoms on a Friday. Be careful getting too short today… may have a better chance tomorrow on a bounce. But I’m girding for any possibility.
SPX puts stopped
#SPXcampaign Bought to close $SPX July 22nd 1875/1850 put spreads for 3.40. Sold on Friday for 1.50.
$SPY $UVXY $SPX I’m taking…
$SPY $UVXY $SPX I’m taking the opportunity to take profits today by closing the long call side of 3 SPY spreads, dated July 8 and July 15, 208,214,215 strikes, closed the call side of a July 8 2155/2170 call spread, and closed a UVXY 11 put sold June 20 for 1.56 and a July 8, 30 call sold Friday for 1.18. I paid 42 for both today coincidentally. I looked at what was left in these trades, duration and margin. This method, closing early, has been working for me in 2016.
Falling Knife Trades
Some Iceman-style #FallingKnife trades:
Sold $WHR Dec 16 100 puts @ 1.35
Sold $UAL Dec 16 27 puts @ 1.14
$NUGT
STO Jul 8 $75/$170 strangle @ $2.95
STO Jul 1 $150 call @ $1.75
SPX roll sold
#SPXcampaign Sold to Open $SPX July 8th 2075/2100 call spreads for 3.00. Roll from puts I just stopped. I am comfortable with this even if we are at a bottom, as the call roll up will not be too difficult.
$SVXY
Bought to close July 15th 65 Calls @ .05 and July 15th 70 Calls @ .02. No commission charge. I will look to resell these calls once the market improves.
Put spread stopped
#SPXcampaign Stair-stepping lower… unable to get out on the bounces so now I’m past my normal stop level on a few spreads. Working on rolls, likely in calls or strangles.
Bought to close $SPX July 1st 1950/1925 put spreads for 4.35. Sold for 1.25 on May 31st.
$SVXY $UVXY
STO $UVXY Jul 22 $30 call @ $1.24
STO $SVXY Jul 15 $55 calls @ $0.55
SPX closed call spread
#SPXcampaign Closed July 17 2175/2200 bear call spread at 0.15 (0.20 rule) sold June 13 for 2.15, 17 DTE. Tried this trade at 15 delta, a little closer than SPXcampaign rules, worked this time on account of BREXIT vote. I’ll try another when index normalizes!?
Jeff – great chart.
Futures well off lows; VIX…
Futures well off lows; VIX barely budging and UVXY opening flat. Gold coming down.
Bistro SPXcampaign position chart
My positions in the #SPXcampaign are now visible in the chart linked in the right hand column; just click on the image to open it full screen.
You can use your browser’s zoom function on the chart since the print is small. I have included a key to all of the info included in each spread. I will add each day’s spreads in text form at right before I’m able to update the chart.
Please feel free to ask any questions; I know it may be confusing! I will be providing updated webinars and more info soon.
Options Bistro 