Took an idea from Dough/TastyTrade for this.
STO Aug 19 185/195/200 put butterfly for 1.60 credit.
Max possible loss 3.40 if closes below 188.40. Max possible profit 6.60.
Roughly risking 1 to make 2.
Monthly Archives: June 2016
FDX earnings adjust
#Earnings Bought to close $FDX June 24th 165 calls for .20. Sold as part of condor yesterday for 3.50. This leaves me with only the put spread, meaning a rally above 162.5 by Friday gets me out of the condor for free. Max profit now 3.30, unless I’m able to sell the 170 call on a strong rally, then I get more.
Morning events: Yellen speaks to…
Morning events: Yellen speaks to House at 10ET. Crude oil inventories at 10:30.
SPX weekly call spread
STO Jun 24 2130/2140 call spread for 1.05.
$NUGT #ShortStrangles – missed one…
$NUGT #ShortStrangles – missed one from yesterday.
Sold 1 NUGT Jul 1 2016 175.0 Call / Sold 1 NUGT Jul 1 2016 70.0 Put @ 3.10 total Credit
SVXY
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
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.
$SWN $CNX #EnergyStocks #CoveredCalls -…
$SWN $CNX #EnergyStocks #CoveredCalls – replacing calls that expired for June –
SWN JUL 15 2016 14.0 Calls @ 0.85
CNX JUL 15 2016 15.0 Calls @ 0.94
$SVXY #CoveredCalls #VXXGame – more…
$SVXY #CoveredCalls #VXXGame – more calls sales today –
SVXY JUN 24 2016 61.0 Calls @ 0.65 – these expire in 4 more days
SVXY JUL 22 2016 65.0 Calls @ 2.00
SVXY JUL 29 2016 66.0 Calls @ 2.00
$NUGT #ShortPuts – Sold these…
$NUGT #ShortPuts – Sold these paired with existing short calls
NUGT JUN 24 2016 69.0 Puts @ 0.60
NUGT JUN 24 2016 70.0 Puts @ 0.80
NUGT JUN 24 2016 71.0 Puts @ 0.90
NUGT JUN 24 2016 75.0 Puts @ 1.50
$SVXY #CoveredCalls #VXXGame – since…
$SVXY #CoveredCalls #VXXGame – since 100% of my short SVXY calls for last week expired worthless, I’m replacing those positions with the following #OptionLadder.
All of the strike prices are above the YTD high on the stock, so they are likely to expire as well.
SVXY JUL 1 2016 67.0 Calls @ 0.45
SVXY JUL 8 2016 67.0 Calls @ 0.76
SVXY JUL 15 2016 67.0 Calls @ 1.15
SVXY JUL 22 2016 67.0 Calls @ 1.10
SVXY JUL 29 2016 67.0 Calls @ 1.45
$CSX
Sold to open July 28 Calls @ 0.45 against my long stock. Will take assignment.
$SVXY
STO July 65 Calls @ 1.55 against long stock. Replacing some of the calls that expired Friday. Rest to be covered after Brexit unless there is a breakout on the polls or rumor or talking head predictions.
SVXY
STO December 30 put@2.25
January 2017, 25 put@1.55
BTO GOOGL BF 720/705/690 Puts…
BTO GOOGL BF 720/705/690 Puts $3.80 for this Friday
TRADES:
$TCK STC STOCK @12.49
$UVXY STO 7/1/16 16.5 CALLS @.73
$SWN STO 7/15/16 14.0 CALL @.85 Not a great day to sell these…but it’s done. A profit is a profit.
SVXY
In an IRA sold covered call. August 19, 65 call @3.30
SVXY
STO December
31 put @2.40
32 put @2.60
$NUGT $SVXY
Since I had a couple of weeks of travel planned over the past 3 weeks, I purposely didn’t add new positions and let my existing ones burn off. Today, I’m beginning to add a few positions. Not optimal time/premium (that happened last week while I was gone) but I want to get a little more exposure on the books.
$SVXY STO July 15 $40 puts @ $0.90
$NUGT STO June 24 $140 calls @ $0.90
$NUGT STO July 1 $60 puts @ $0.75
$NUGT STO July 1 $175 calls @ $0.95
Have the following orders in:
$NUGT July 15 $60/$175 strangles
$NUGT July 22 $55/$175 strangles
RLYP covered calls
Half position called away last week. Aggressively covering the other half now.
Sold RLYP Jun 24 2016 17.50 Calls @ .70
SPX Call Sold
SPX July 2170/2190 for $1.10 when SPX @ 2096
BIB covered calls
Replacing the 40’s that expired Friday…lowering cost basis to 35.40
Sold BIB Jul 15 2016 40.0 Calls @ 2.35
Closing AMZN covered call
Taking this off for around 80% max profit. Bought to close $AMZN Jul 15 775 call @ 1.23. Sold for 5.80 on 5/31.
UVXY and NUGT
#VXXGame STO UVXY July 8th 11 put for 1.51
STO UVXY July 22nd 10 put for 1.40
#ContangoETFs STO NUGT July 22nd 55 put for 2.50
SPX calls
STO Jun 30 2140/2150 call spread for 1.85 with SPX at 2095.
SPX calls sold
#SPXcampaign Sold to Open July 22nd 2180/2205 call spreads for 1.35, with SPX at 2097.
Good morning
I was hoping for a chance to sell volatility but it will not be today.
#Options Expiration Full Profit $SPX…
#Options Expiration
Full Profit
$SPX 2155/2130 BECS
$SPX 2025/2000 BECS
$BA 135/130 BECS
$GOOGL 670/680 BUPS
$ABX 17 Put
$RLYP 14 Put
$CSAL 25 Put
$ETP 36 Put
$MGM 24.50 Put
$NUGT 45 Put
$NUGT 62 Put
$NUGT 50 Put
$SVXY 30 Put
$DRII 25 Call (covered) Will write again
$BOIL 15 Call (covered) Assigned Out of stock after 18 months of writing calls. Still lost
$FCX 12 Call (covered) Will write again
$OAS 11 Call (covered) Will write again
$ALNY 60 Call (covered) Will write again
$FE 33 Call (covered) Will write again
$CNX 16 Call (covered) Will write again
Assigned
$ETE 13.5 Put
$SQ 13 Put
$RLYP 16 Call
Total Losses
$CTRP 47.5/50 BUCS
$XLE 70 Call
$EDU 43 Call
Lesson not learned YET:
Learn not to be a pig and do not buy calls!
#Options expiration- a big one today
— Expirations —
AAPL Jun 17 2016 100 Calls
CNX Jun 17 2016 15 Calls
CF Jun 17 2016 25 Puts
DUST Jun 17 2016 13 Calls
DUST Jun 17 2016 20 Calls
DUST Jun 17 2016 22 Calls
ESV Jun 17 2016 10 Puts
JWN Jun 17 2016 35 Puts
JWN Jun 17 2016 40 Calls
M Jun 17 2016 28 Puts
MOS Jun 17 2016 22.5 Puts
NRG Jun 17 2016 9 Puts
NUGT Jun 17 2016 40 Puts
NUGT Jun 17 2016 46 Puts
NUGT Jun 17 2016 52 Puts
NUGT Jun 17 2016 53 Puts
NUGT Jun 17 2016 54 Puts
NUGT Jun 17 2016 55 Puts
NUGT Jun 17 2016 74 Puts
NUGT Jun 17 2016 75 Puts
NUGT Jun 17 2016 76 Puts
NUGT Jun 17 2016 78 Puts
NUGT Jun 17 2016 79 Puts
NUGT Jun 17 2016 80 Puts
NUGT Jun 17 2016 81 Puts
NUGT Jun 17 2016 82 Puts
NUGT Jun 17 2016 83 Puts
NUGT Jun 17 2016 84 Puts
NUGT Jun 17 2016 85 Puts
NUGT Jun 17 2016 120 Calls
NUGT Jun 17 2016 125 Calls
NUGT Jun 17 2016 130 Calls
NUGT Jun 17 2016 155 Calls
SVXY Jun 17 2016 20 Puts
SVXY Jun 17 2016 23 Puts
SVXY Jun 17 2016 35 Puts
SVXY Jun 17 2016 42 Puts
SVXY Jun 17 2016 43 Puts
SVXY Jun 17 2016 44 Puts
SVXY Jun 17 2016 44.5 Puts
SVXY Jun 17 2016 45 Puts
SVXY Jun 17 2016 46 Puts
SVXY Jun 17 2016 49 Puts
SVXY Jun 17 2016 60 Calls
SVXY Jun 17 2016 61 Calls
SVXY Jun 17 2016 62 Calls
SVXY Jun 17 2016 63 Calls
SVXY Jun 17 2016 65 Calls
SWN Jun 17 2016 14 Calls
SWN Jun 17 2016 7 Puts
SWN Jun 17 2016 9 Puts
UVXY Jun 17 2016 18 Calls
UVXY Jun 17 2016 19 Calls
UVXY Jun 17 2016 20 Calls
UVXY Jun 17 2016 80 Calls
UVXY Jun 17 2016 85 Calls
UVXY Jun 17 2016 110 Calls
VIAB Jun 17 2016 30 Puts
— Assignments —
DUST JUN 17 2016 13.0 Puts
FEYE JUN 17 2016 15.0 Calls – covered
SVXY JUN 17 2016 53.0 Puts
SWN JUN 17 2016 13.0 Calls – covered
UVXY Jun 17 2016 20 Puts
#OptionExpiration for June 17th
Expiring
SVXY 62 Call
SVXY 65 Call
CSAL 25 Put
MAIN 29.73 Put
XME 24 Call
Assigned
SVXY 51 Call
XOP 35 Call
Have a great weekend all.
$SVXY
Rolled June 17th 51 Call out and up to July 15th 60 Call for 1.10 credit
Expirations
NUGT 40 puts
SVXY 40 puts
SVXY 40.5 puts
SVXY42 puts
SVXY 50 puts
Options Expiration June 17, 2016
#OptionsExpiration — I am bearish moving into the remainder of the month, but especially early next week as fears about Brexit gain more steam… Yesterday’s murder in the UK actually calmed the markets, as morbid as that sounds, but as the vote draws closer I believe volatility will remain, but then possibly calm after the Thursday vote finally happens. But in any case, I will be selling both sides of SPX.
— Expiring —
FB 110 covered put
NUGT 65, 70, and 72 puts
UVXY 19 and 30 calls
SPX 1940/1915 put spreads (expired at the open)
SPXPM 2000/2020/2100/2120 iron condors (expired at the close)
#OptionsExpiration for June 17 Expiring:…
#OptionsExpiration for June 17
Expiring:
$AAPL 06/17/2016 80.00 puts
$AAPL 06/17/2016 87.50 puts
$ABBV 06/17/2016 61.50 calls (covered)
$APA 06/17/2016 60.00 calls (covered)
$CELG 06/17/2016 90.00 puts
$JWN 06/17/2016 35.00 puts
$RIG 06/17/2016 8.00 puts
$NFLX 06/17/2016 110.00 calls
$NUGT 06/17/2016 157.00 calls
$SVXY 06/17/2016 60.00 calls
$SVXY 06/17/2016 65.00 calls
$SVXY 06/17/2016 35.00 puts
$SVXY 06/17/2016 44.50 puts
$TSLA 06/17/2016 85.00 puts
$X 06/17/2016 13.00 puts
Assignments:
$LNKD 06/17/2016 140.00 calls—stock being called away
Have a great weekend everyone.
UVXY puts gone
#VXXGame BTC UVXY June 17th 18 put for 4.18. Sold for 1.95 on March 3.
BTC UVXY June 17th 15 put for 1.22. Sold for 1.30 on march 18th.
BTC UVXY June 17th 14 put for .22. Sold for 1.26 on April 6th
I will look to replace these next week, with calls if market is down, puts if market is up.
Selling an AMZN put
My long stock was called away at 650 in May. With the pullback, selling some July at that strike.
Sold $AMZN Jul 15 650 put @ 5.00. Delta is 16.
SVXY
STO September 35 put @2.50
I did not think I was going to have any trades today.
IBB: Adding
Adding a ladder rung (to July 260 puts).
Sold $IBB Jul 29 (weekly) 230 put @ 2.35.
SPX Iron Butterfly for next week
Idea from one of the Tasty Trade traders on the Dough feed. A total flier but I’m throwing it out there.
Sold $SPX Jun 24 Iron Butterfly–2070/2080/2090 @ 9.20
Risking 80 to make 920 (if SPX pins at 2080 next Friday)
Bistro VIX Indicator – Jeff…
Bistro VIX Indicator – Jeff your information on the Vix Indicator – is that a specific Indicator you have or is it your commentary on the action of the VIX ??
NUGT ITM rollout
Rolled $NUGT Jun 17 92 calls up and out to Jul 22 120 calls for 2.80 credit.
$UVXY rolled June 17 12…
$UVXY rolled June 17 12 covered call to June 24 12 for a credit of .90, cost basis is now 9.82 for the shares
SPX call spread — couldn’t help myself!!!
Hands got numb so had to push some buttons. LOL.
Call spreads work, as @Jeff stated below.
STO Jul 29 2150/2160 call spread for 2.10.
This completes an iron condor that I started yesterday with the 1840/1825 put spread for 1.10.
Yes, it is unbalanced, but I like the total risk/reward at these strikes.
UVXY puts
#VXXGame BTC $UVXY June 17th 17 put for 3.01. Sold for 4.55 on 5/20. Got some more to unload but I doubt we’ll be seeing higher prices today.
Selling some puts on $APPL
Strike price is below recent lows, well below the 200 day moving average and a level the stock hasn’t seen since May 2014. I will take more shares if assigned. Delta is 21.
Sold $AAPL Aug 19 87.50 puts @ 1.44
SPX call spread heaven
#SPXcampaign — This is the time and environment that you can mint money in SPX call spreads. When we bounced off the February lows, many faces were ripped off (still hurts) as we flew higher… but once we got back to 2100, they have been easy to sell above 2130 and easy to take profits or allow to expire. Whenever the market decides to make new highs, we will have plenty of room to roll higher. It is rare for a market to scream higher when it is notching new highs… the pace is much more controlled.
Bought to close $SPX June 24th 2145/2170 call spreads for .20. Sold for 1.35 on May 23rd. This was sold when SPX was down around 2050. It took some heat when we hit the highs of 2016 (2120)… that heat can be tough, and your account will draw down, but stick to your rules and roll higher and longer when you need to. My stop for this was 2125, which was never hit. This week has been my most profitable in months because of the many call spreads that plummeted in value.
Closing some NUGT puts
Bought to close $NUGT Jun 24 70 puts @ .75. Sold for 1.25 on 1.25 on 6/10.
$NUGT $UVXY $SVXY
As I was expecting based on what was happening last friday, looks like I missed out on very good opportunities to sell options this week while I was gone. Will look for a few opportunities today to make some small trades.
SPX – BTC call spreads
#SPXcampaign – buy to close June 24 2150/2175 call spreads @ .15 sold on May 24 @ 1.30 and 1.40 in regular and IRA accounts.
$DOW I rolled a DOW…
$DOW I rolled a DOW the stock, June 17 50 covered call to September, only way to get a credit of .75. Ex-div is June 28, I expect my shares to be called away so I picked up some more premium. My cost basis is 47. DOW is at 52.60
SVXY
With the DOW and SPX down you would expect the SVXY to be down more than it is. The largest open interest is at the 50 put and then the 52 put. I think they are trying to pin it above 50 and perhaps 52.
SPX put roll
#SPXcampaign Sold to open $SPX June 30th (end-of-month) 1970/1945 put spreads for 2.10. Sold 1.5x number of contracts as a roll from put spread stopped at the bottom yesterday. Hopefully I sold this at the bottom today, which would keep the universe in balance. I chose this expiration (expires on a Thursday night) because I already have a call spread for that date.
Good morning
I am expecting a quiet day so do not anticipate much action.
$UVXY #ShortPuts
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.
$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.
Options Bistro 