$NUGT #ShortCalls #Rollup – I had been holding out hope that these positions would work out but this morning’s move put a stake in the heart of that idea. So I rolled up and out.
Bought to close NUGT Jun 17 2016 72.0 Calls / Sold NUGT Jan 20 2017 120.0 Calls @ a 0.15 Credit
Bought to close NUGT Jun 17 2016 94.0 Calls / Sold NUGT Sep 16 2016 145.0 Calls @ a 0.15 Credit
I added significantly to the strike prices without spending any cash. It’s just going to cost me time (I hope)
http://seekingalpha.com/article/3980632-best-buy-market-right-now-august-vix-futures-contract-video?app=1&auth_param=bf3bv:1blfkoo:53c73d9b1d8b5363747e28713c6eefb2&uprof=37&utoken=5b32faa14fc320dfd5f3f44880808118
First post of the day? Wow, this is a boring market. I’m pretty short the market with a bunch of call spreads. Nothing much to do but wait for some pullback or roll things higher and farther.
Sold $CMG Jul 15 390 put @ 4.50. Adding to July position at a lower strike.
Two days to expire
$WYNN 90/100 BUPS @ .54
STC Jun 24th LVS 45 Call at $2.85 bought last Wed for $2.05.
It fired yesterday but today is not working as it should so I took the profit.
GM
$LULU-they were right!
$LULU They are loading up on LULU earnings trades over at TT, primarily bullish. From a cursory look at the last year, it looks like a risky venture either way.
$SVXY #CoveredCalls #VXXGame #Rollup – More rolls for this week’s and next week’s #ITM positions.
Bought to close SVXY June 10 2016 59.0 Calls / Sold to Open SVXY Dec 16 2016 75.0 Calls at a 0.65 Credit
Bought to close SVXY June 17 2016 60.0 Calls / Sold to Open SVXY Jan 20 2017 80.0 Calls at a 1.10 Credit
I’ve really pushed my strike prices up to the point where I feel comfortable letting some stock go in the next few weeks if some short calls get me out above today’s high of around 66.50 including the premium received.
#SPXcampaign Sold to Open $SPX July 8th 1980/1955 put spreads for 1.30, with SPX at 2112.
$SVXY #CoveredCalls #VXXGame – rolled these early in the week so I don’t have so many to roll Thursday or Friday.
Bought to close SVXY June 10 2016 60.0 Calls / Sold to Open SVXY Jul 15 2016 64.0 Calls at a 0.10 Credit
Bought to close SVXY June 10 2016 60.0 Calls / Sold to Open SVXY Dec 16 2016 75.0 Calls at a 2.00 Credit
Sold June 24th 71 Call @ 1.20. Covering the last of my long stock in my smaller account. I will take assignment. I just keep waiting and hoping for that pull back that never seems to want to happen. Just waiting….
Sold $CMG Jul 15 400 put @ 4.20
#ContangoETFs BTC NUGT June 17th 100 put for 10.00. Sold for 15.50 on May 2nd
#SPXcampaign #Rolling
BTC $SPX June 16th 2130/2155 call spreads for 5.50 (sold for 1.40 on May 20th)
STO $SPX June 30th (monthly) 2160/2185 spreads for 3.90 (1.5x position size)
GS is on a squeeze on the daily and weekly chart.
BTO Jul 16 GS 150/160 BePS for $4.15
I believe that if the Feds don’t rise interest GS may retest the Jan 20 lows.
$MGM STO 6/17/16 24.50 PUTS @.48
$UVXY STO 6/17/16 10.0 CALLS @.52 I find it easier to roll the calls than the puts in this name.
Adding another one…
Sold IBB Jul 15 2015 260 Put @ 3.20
STO June 17, 25 put @1.02
Followed Iceman. STO 1 contract January 2017, 210 put @10.50
July WK2 2185/2205 for $1.15 when SPX @2116
$BIIB #ShortPuts #Fallingknife – Sell the Jan 2017 210.0 Put @ 10.50. A 5% return on cash in 7 months with a $200 breakeven
New 2016 highs today for $SPX and $RUT.
Fourth day straight of all-time lows for $VXX and $UVXY.
$NUGT #Market
He guy’s, back from trip. Fishing was good. It was great to just relax and not think about the market (or the day job) for a whole week. Looks like I didn’t miss anything until Friday morning. Today I was jammed so just now getting a chance to look for opportunities to enter a few new trades in $NUGT. Wanting to stay small until after the fed meeting.
They say they’ll address it more fully when they know more, but here they respond to a caller’s question about Karen (starts about 17:45 in)
https://www.tastytrade.com/tt/shows/talkin-with-tom-and-tony
A little more risky, but STO Jun 8 2130/2125/2090/2085 iron condor for 1.00.
STO July 15, 57.5 put @.60
STO, June 135 puts @1.75
#SPXcampaign Sold to Open $SPX July 8th 2175/2200 call spreads for 1.65, with SPX at 2108.
Fed’s today…Yellin speaks in Philly at 12:30ET
#optionsexpiration
Only 2 expiring today:
NUGT 90 put (was going for 20.00 on Tuesday)
AVGO 150/145 put spreads
Tastytrade has taken down the video of Karen’s last interview and put up this notice.
Like many, we are concerned about the SEC investigation into the accounting and reporting practices of Karen Bruton and her firm Hope Advisors. Ms. Bruton is not an employee of tastytrade and last appeared and was interviewed on the network 2 years ago, as a guest. In light of the investigation, we have removed all past videos airing Ms. Bruton for the time being. We at tastytrade believe in full and transparent disclosure by money managers and will continue to advocate on behalf of the retail trading community.
Jack Follick
#OptionsExpiration for Jun 3
Only 2 expirations today:
$NUGT 06/03/16 60 puts
$NUGT 06/03/16 61 puts
No assignments.
Can’t believe it’s Friday already. Have a great weekend everyone.
#OptionsExpiration #Weeklys #Jun03 – a pretty quiet week this week. Got my cash back and a nice profit from some retail stocks I picked up during earnings season.
— Expirations —
DUST (Weekly) Jun 3 2016 20 Calls (Covered)
MRO (Weekly) Jun 3 2016 14 Calls (Covered)
NUGT (Weekly) Jun 3 2016 50 Puts
NUGT (Weekly) Jun 3 2016 54 Puts
NUGT (Weekly) Jun 3 2016 55 Puts
NUGT (Weekly) Jun 3 2016 59 Puts
NUGT (Weekly) Jun 3 2016 60 Puts
NUGT (Weekly) Jun 3 2016 61 Puts
NUGT (Weekly) Jun 3 2016 64 Puts
NUGT (Weekly) Jun 3 2016 65 Puts
NUGT (Weekly) Jun 3 2016 70 Puts
NUGT (Weekly) Jun 3 2016 115 Calls
NUGT (Weekly) Jun 3 2016 120 Calls
NUGT (Weekly) Jun 3 2016 130 Calls
SVXY (Weekly) Jun 3 2016 35 Puts
SVXY (Weekly) Jun 3 2016 40 Puts
UVXY (Weekly) Jun 3 2016 25 Calls (Covered)
UVXY (Weekly) Jun 3 2016 26 Calls (Covered)
UVXY (Weekly) Jun 3 2016 30 Calls (Covered)
— Assignments —
KORS (Weekly) Jun 3 2016 43 Calls (Covered)
M (Weekly) Jun 3 2016 34 Calls (Covered)
Jeff thank you for analyzing $AVGO yesterday, all are expiring worthless. Thank you again
I have been taking positions off early so have only 2 expirations for today. Tasty trade recommends that you take off positions when they have 50% profit and I did that last month. I have found that I left a lot of profit on the table so have stopped doing that strategy even though it frees up a lot of capital. #optionsexpiration
SVXY 35 put
NUGT 50 put
#SPXcampaign BTC SPX 10 JUN 16 2135/2160 BrCS @.35 sold it for 1.55 on 5/25/2016
#SPXcampaign 6/1 STO 2070/2065 put spreads @ .35, 6/2 STO 2115/2120 call spreads @ .35, and Iron Condor expiring today, BTC both put and call spread short strikes @ .05 each taking risk off, longs will expire worthless. I’ve been bitten before by SPX late day snap backs, happy with 86% profit and free to leave early for the beach.
Have a great weekend fellow Options Bistro traders and Jeff “thanks a latte!”
PS: Anyone hear anything on TastyTrade about Karen-the-Super-Trader?
Sold Sept. 35 puts @ $1.85 against my Sept 185 calls.
Followed Ramie, sold 1 contract of the Sept. 185 call @ 8.70
Thanks for the idea.
Sold $NUGT Sep 16 185 call @ 8.60. Adding to position at the highest strike in Sep.
#SPXcampaign Sold to Open $SPX July 1st 2165-2190 call spreads for 1.50, with SPX at 2101.
#ContangoETFs Trying to stay ahead of positions becoming ITM:
BTC NUGT June 17th 97 call for 10.60. Sold for 3.80 last Friday.
STO NUGT Sept 180 call for 9.20
STO NUGT Sept 35 put for 1.80
Every day this week, flush down and rally back. Job numbers don’t matter, it’s just the consolidation we’re stuck in. Perfect for #SPXcampaign.
zzzzzzzzzzzzzzz
SVXY, July 8, 45 puts @0.80 and 0.85
PRU, Sept. 16, 65 puts @1.22
I had more orders in but no fills yet.
$DUST @jeffcp66 Thanks for your information. I appreciate it. HH
BTC Jun 30 SPX 2135/2160 for $4.65 Sold for $6.15 on 5/11
BTC Jun 30 SPX 1970/1995 BuPS for $1.65 Sold for $8.30 on 5/5.
STC Jun 6/Jun 10 AMBA Double Calendar for $4.08 Bought yesterday for $0.80
STC Jun 6/Jun 10 AVGO Double Calendar for $0.92 Bought yesterday for $1.40
STC Jun 6/Jun 17 KORS Double Calendar for $2.06 Bought on 5/31 for $0.55
$SVXY #CoveredCalls #Rollup – rolled up my in the money calls in SVXY this morning –
Rolled Jun 03 55.0 Calls to Dec 70.0 Calls for a 0.15 Credit – an unusual roll but I need to give the stock more room to run
Rolled Jun 03 57.0 Calls to Dec 71.0 Calls for a 1.92 Credit – got a much more generous credit on this roll
Rolled Jun 03 60.0 Calls to Jul 22 2016 64.0 Calls for a 1.79 Credit – a more traditional roll
Rolled Jun 03 61.0 Calls to Jul 22 2016 65.0 Calls for a 1.85 Credit – a more traditional roll
$GDXJ followed from TT sold a Junior gold miners July 17 strangle 44/31 for 1.00
$JWN closed a post earnings 40/35 BuPS I sold for 1.29, somehow eked out a plus .28
$NUGT – After the huge spike this morning it (NUGT) seems to be starting to wiggle back
down. Premium is still high, is it correct to assume that if NUGT continues to retrace down that now is an excellent time to position (sell) ….way OTM ??
Bought to Close NUGT JUN 10 2016 55.0 Put @ .05 (part of 55/95 strangle)
Bought to Close NUGT JUN 17 2016 55.0 Put @ .35 (part of 55/105 strangle)
Looking to double dip on a pullback…
$UVXY #ShortPuts #CoveredCalls – after the VIX collapse in the last two days I used the small rally this morning to adjust my positions.
Bought to close UVXY Jun 10 2016 10.0 Puts @ 0.30 – originally sold a week ago at 0.37
Sold UVXY Jul 15 2016 23.0 Calls @ 0.46
Attempting to replace stock getting called away today…
Sold IBB Jul 15 260 Puts @ 3.20
Looking like I’ll be out of BIB and RLYP in a couple weeks so trying to maintain a little biotech exposure…
Bought to close July 03 62 Calls @ 0.50. Originally sold @ 1.05. I will cover up later just going to wait until the dust settles.
Bought to close $NUGT Jun 17 59 puts @ .50. Sold for 5.38 as a rollout on 5/25. Offsetting the loss from the roll of 3.31, leaves an overall profit of 1.57.
Sold $SPX Jul 15 1920/1895 BuPS @ 1.30. Close to 2 standard deviations (=1913).
Had 95 calls expiring today that were worth .025 yesterday and I didn’t close them knowing a big number today was coming that could possibly move gold a lot. Now sitting at 2.40 so probably stuck with them a little longer on the roll out. Woulda coulda shoulda….
STC Jun 10 2140/2130 call spread for 0.45. Originally sold for 1.10 on 5/25.
Trying to maintain my disciplines of closing early for >50% profits. It’s working!
#SPXcampaign Sold to Open $SPX June 24th 1985/1960 put spreads for 1.30, with SPX at 2092
Here we go again.
Sold $NUGT Jun 10 115 call @ 1.25
Sold $NUGT Jul 1 155 call @ 1.50
Sold $NUGT Jan 20 185 call @ 15.50
#ContangoETFs STO NUGT July 1st 120 call for 5.25. Dipping a toe, my first sale for this expiry.
NUGT finally moves off its butt! No jobs? Buy gold!
Bought to close $UVXY Sep 16 60 calls @ .30. Sold for 1.16 on 5/13. Taking this off now instead of waiting another 3 1/2 months for remaining 25%.
$PANW #earnings I was lucky with this earnings trade. I was unable to get a fill on a trade that some people here had on and sold a June 17 iron condor 125/115/170/175 for 105. I bought back the short call for .05 on the 27th after the earnings dump, closed the put side today for .31.
$DUST @iceman In your opinion, is $DUST like lead, like $UVXY, designed to go to zero? Thanks Mr. T.
BTO Jun3/Jun10 146P and 162.5C for $1.40
#SPXcampaign BTC SPX 8 JUL 16 1825/1800 @.35 sold on 5/13/2016 @ 1.45
#SPXcampaign BTC SPX 22 JUL 16 1775/1750 PUT @.35 CBOE sold on 5/19/2016 for 1.45
this is what I like, far away and can be closed 7 weeks before expiration
#ContangoETFs Peeling off positions with profit as they relieve margin…
BTC NUGT June 10th 120 call for .15. Sold for 2.90 on 5/23
BTC NUGT June 10th 117 calls for .15. Sold for 1.10 on 5/24
(Tuesday) BTC June 17th 145 call for .30. Sold for 6.20 on 5/4
BTO Jun 24 LVS 45 Calls at $2.15 at the open…
#Earnings Sold to Open $AVGO June 3rd 150/145 put spreads for 1.65. THIS IS A BULLISH TRADE. AVGO always moves up on earnings; moved down significantly only once in its 7-year history.
In its last 12 reports, Biggest UP move: 14.7% , Biggest DOWN move: -0.2% , Average move: 6.9% . This trade is 2.5% OTM.
Sols to open June 24, 82 puts @1.15
Options Bistro 