STO Jul 20 SPX 2090/2115 BeCS for 3.25
STO Jul 20 SPX 1930/1905 BuPS for $3.10
BTO Jul 20 SPX 2040/2045 BuCS for $2.45
Monthly Archives: June 2016
SPX calls sold
#SPXcampaign Sold to Open $SPX July 22nd 2115/2140 call spreads for 1.45, with SPX at 2023.
SPX puts closed
#SPXcampaign Bought to close $SPX July 6th 1850/1825 puts spreads for .20. Sold as part of a condor-roll on 6/14 for 2.30.
Put out with profits!!!
SPX that is…puts out at the open today.
Yesterday STO Jul 1 1910/1900 put spread for 0.70, BTC at the open today for 0.15.
Yesterday STO Jul 1 1930/1920 put spread for 0.80, BTC at the open today for 0.30.
Total of 70% of max profit in less than a day. I love it!
Good Morning
We are getting a nice bounce this morning.
/VX VIX futures
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!
#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.
Barron’s tidbit
I read this in Barron’s over the weekend. It gave me a chuckle but honestly it’s a bit scary how emotions get people to do things, even significant things, without a whole lot of thought.
From Google Trends, the top 3 searches in the UK that were recorded AFTER the results of the Brexit vote were officially announced:
1. What does it mean to leave the EU?
2. What is the EU?
3. How many countries are in the EU?
Looking forward to seeing how all this plays out.
#OptionsExpiration #Weeklys #Jun24 – I…
#OptionsExpiration #Weeklys #Jun24 – I was positioned pretty well for Brexit. I re-acquired some SVXY stock, but just a few weeks ago I sold out of a couple of large blocks above 60. So I’m not too upset. I’ve already sold August Calls against all the new stock.
A pretty good week for NUGT strangles too.
— Expirations —
BBY Weekly Jun 24 2016 29 Puts
CF Weekly Jun 24 2016 35 Calls
CMG Weekly Jun 24 2016 380 Puts
DUST Weekly Jun 24 2016 22 Calls
NUGT Weekly Jun 24 2016 50 Puts
NUGT Weekly Jun 24 2016 60 Puts
NUGT Weekly Jun 24 2016 65 Puts
NUGT Weekly Jun 24 2016 69 Puts
NUGT Weekly Jun 24 2016 70 Puts
NUGT Weekly Jun 24 2016 71 Puts
NUGT Weekly Jun 24 2016 72 Puts
NUGT Weekly Jun 24 2016 75 Puts
NUGT Weekly Jun 24 2016 125 Calls
NUGT Weekly Jun 24 2016 135 Calls
NUGT Weekly Jun 24 2016 140 Calls
NUGT Weekly Jun 24 2016 155 Calls
NUGT Weekly Jun 24 2016 160 Calls
SVXY Weekly Jun 24 2016 38 Puts
SVXY Weekly Jun 24 2016 40 Puts
SVXY Weekly Jun 24 2016 58 Calls
SVXY Weekly Jun 24 2016 61 Calls
SVXY Weekly Jun 24 2016 62 Calls
SVXY Weekly Jun 24 2016 63 Calls
SVXY Weekly Jun 24 2016 64 Calls
SVXY Weekly Jun 24 2016 65 Calls
TWTR Weekly Jun 24 2016 18 Calls
UVXY Weekly Jun 24 2016 20 Calls
UVXY Weekly Jun 24 2016 21 Calls
UVXY Weekly Jun 24 2016 22 Calls
UVXY Weekly Jun 24 2016 25 Calls
UVXY Weekly Jun 24 2016 26 Calls
UVXY Weekly Jun 24 2016 8 Puts
UVXY Weekly Jun 24 2016 9 Puts
UVXY Weekly Jun 24 2016 9.5 Puts
UVXY Weekly Jun 24 2016 10 Puts
— Assignments —
SVXY Weekly Jun 24 2016 44.5 Puts
SVXY Weekly Jun 24 2016 45 Puts
SVXY Weekly Jun 24 2016 46 Puts
SVXY Weekly Jun 24 2016 47 Puts
SVXY Weekly Jun 24 2016 48 Puts
SVXY Weekly Jun 24 2016 52 Puts
Options Expiration
Expired
$UVXY 9.5 Put
$UVXY 22 Call (covered)
$UVXY 20 Call (Covered)
$NUGT 130 Call
$NUGT 140 Call
$RDSA 52.5 Call (Covered)
$SVXY 39 Put
$SPX 2160/2135 BECS
$SPX 2175/2150 BECS
$SPX 2140/2130 BECS
$SPX 1950/1975 BUPS
Total Loss
$SPX 2115/2100/2100/2085 Straddle Worth doing, Loss contained by hedge
Assigned
$NUGT @ 98 Will cover on Monday
$MGM @24.5 I am willing to hold stock
Called Away
$ETE @13 Basis 12.35 Was a covered call
Fasten seat belts for next week as Europe “melts” away?
$UVXY #ShortCalls #VXXGame #OptionLadder -…
$UVXY #ShortCalls #VXXGame #OptionLadder – only with this stock could the stock run against you 44% in a day and still not affect the ability to short Calls due to margin.
All are highest available strikes
Sold UVXY JUL 8 2016 30.0 Calls @ 0.88
Sold UVXY JUL 15 2016 32.0 Calls @ 1.00
Sold UVXY JUL 22 2016 30.0 Calls @ 1.27
Sold UVXY JUL 29 2016 30.0 Calls @ 1.92
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close the following this afternoon to avoid assignment –
SVXY Jun 24 2016 43.0 Puts @ 0.05
SVXY Jun 24 2016 44.5 Puts @ 0.40
Heckuva day- I appreciate everyone’s…
Heckuva day- I appreciate everyone’s input
T2108
Does anyone know how low this got today and where it closed?
$SVXY
Filled on a July 15th 30 Put, sold to open @ .90 after market.
Options Expiration 6/24/16
#OptionsExpiration Nail-biter of a close with short 2040’s, will sell a roll next week. With more VIX Indicator signals firing today, further drops in the market are very likely.
— Expiring —
NUGT 50 puts
SPX 2135/2160 call spreads
SPX 2025/2000 put spreads
SPX 2020/1995 put spreads
UVXY 22 call
UVXY 12 put
— Cash Settlement —
SPX 2040/2015 put spreads: looks like about 2.70 debit when 2040 puts are exercised
— Max Loss —
FDX (#Earnings) 157.50/162.50/165/170 iron condor, 1.70 loss.
#Expiration
Expired
$SVXY June 24th 71 Call
$SVXY June 24th 65 Call
Assigned
$SVXY June 24th 50 Put Muffed this one from the get go.
Have a great weekend all. #OptionsExpiration
SPX still moving down, put spread order filled
#SPXcampaign Sold to Open $SPX July 29th 1775/1750 put spreads for 1.30. I put this order in this morning… didn’t come close to a fill all day but just filled now at 4:14 ET as S&P ticked down further after hours.
NUGT roll
#ContangoETFs BTC NUGT June 24th 99 call for 17.00. Sold for 3.50 on May 25th
STO NUGT July 22nd 130 call for 12.70.
Tried to sell a put too but no fill, so I will add it Monday.
Expiration SPX IC 2105/2110 2025/2020…
Expiration SPX IC 2105/2110 2025/2020 IC
Expiration
Out at full profit:
SPX 2140/2130 call spread
SPX 2030/2020 put spread
SPX 2020/2005 put spread
SPX 1985/1975 put spread
Took a hit:
SPX 2040/2025 put spread
SPX 2040/2030 put spread
Pretty exciting week! Glad it’s over. Crazy day today. If I didn’t already have gray hair, this one would have added a few. #OptionsExpiration
Expirations
NUGT 70 put
SVXY
35 put
36 put
37 put
43 put ?? assigned??
45 put assigned
50 put assigned
52 put assigned
Breath-holding spell…
Wow…didn’t know I could hold my breath for an hour! Probably shouldn’t have and should have rolled those SPX 2040’s.
Looks like 2040 was breached and will have to take my lumps. Anyway, won’t have to worry about next week since I didn’t roll them. Will be able to sleep no matter what is in store next week.
Expiration
100% profitable:
SPX 1975/1950 put spreads
SPX 1985/1960 put spreads
SPX 2135/2160 call spreads
Thanks, Jeff
Have a great weekend everybody.
OptionsExpiration
Ugly day, but here are my expiring positions
$NUGT $70 puts
$NUGT $75 puts
$NUGT $160 calls
Closed out my (2) $SVXY $52 puts @ $7.00 to avoid assignment. Since market didn’t bounce today, looks like probably more to come on Monday so chose to wait and roll them on monday. #OptionsExpiration
Closing SVXY
To avoid assignment. Bought to close $SVXY Jun 24 44.50 puts @ .56. Sold for 1.35 on 6/13.
Escaped with my 2040’s in…
Escaped with my 2040’s in tact. Now trying to sell a call spread.
OIL…
Bought a few shares of OIL at $6.15.
The stop at $5.83
Rolling WYNN
Rolled Jun 24 96 puts (part of which is paired with short stock) down and out to Jul 29 91 puts for 1.40 credit.
UVXY following you guys sold…
UVXY following you guys sold July 8, 30 call for 1.20
Looking ugly, folks. Any bounce…
Looking ugly, folks. Any bounce is the chance to get out.
SPX Rolled 2040/2025 to next…
SPX Rolled 2040/2025 to next week for a credit of 90.
SVXY
STO July 60 calls @1.05
STO September 60 calls @2.64
I will be assigned on stock at a cost of 51 tomorrow.
#SPX-We all need something today-I…
#SPX-We all need something today-I need 2040 to hold.
$SVXY
I missed rolling my June 24th 50 Put this morning. Looks like I will be assigned the stock so I sold the July 17th 50 Call @ 2.75.
Bistro VIX indicator Archive
Bistro VIX Indicator for Monday 6/27
$AAPL Adding a rung to my put ladder
Sold $AAPL Sep 16 85 puts @ 1.70
I’m also short Jul 92.50 puts and Aug 87.50 puts
Adding UVXY calls
Sold $UVXY Jul 22 30 calls @ 1.00. Highest strike.
ADDED:
Sold $UVXY Jul 8 30 calls @ 1.10. Highest strike.
UVXY and NUGT fills
#VXXGame STO UVXY July 8th 25 call for 1.00
#ContangoETFs STO NUGT July 29th 175 call for 5.90 (new highest strike)
SPX same day puts
#SPXcampaign Sold to Open $SPX June 24th 2020/1995 put spreads for 1.25, with SPX at 2047. 27 points OTM with three hours left… can it hold? Having to watch my 2040/2015 spreads more closely.
Options Bistro 