$ALXN 117Put/136 Call (Straddle)
$NUGT 175 Call
$UVXY2 12 Call
$NUGT 120 Put
$NUGT 105 Put
$AMGN 162.5 Put (earnings play)
$GOOG 700/710 BUPS (Part of B/E Iron Condor)
$AMZN 640/650 BUPS
Closed 7/29 Early At Loss
$SPX 2180/2155 BECS
$SPX 2195/2170 BECS
$SPX 2175/2150 BECS
$GOOG 775/765 BECS (part of iron condor)
Assigned
$NUGT 160 Calls
$SVXY 60 Calls
Thanks for everyone’s help. Losing less on $SPX but
I will do better.
#OptionsExpiration #Weeklys #Jul29 – two runaway freight trains, $SVXY and $NUGT, made this week hard to manage. I had to roll some more SVXY calls and even though I made a ton of money in NUGT puts, the run in the stock caused me margin issues.
I let a bit of AAPL and SVXY (IRA acct) get called away and let my last UVXY put position get assigned. Can Volatility stay this low forever? (Of course it can)
— Expirations —
CHK (Weekly) Jul 29 2016 5.5 Calls (Covered)
DUST (Weekly) Jul 29 2016 8 Calls (Covered)
DUST (Weekly) Jul 29 2016 8.5 Calls (Covered)
NUGT (Weekly) Jul 29 2016 92 Puts
NUGT (Weekly) Jul 29 2016 95 Puts
NUGT (Weekly) Jul 29 2016 108 Puts
NUGT (Weekly) Jul 29 2016 108.5 Puts
NUGT (Weekly) Jul 29 2016 109 Puts
NUGT (Weekly) Jul 29 2016 109.5 Puts
NUGT (Weekly) Jul 29 2016 110 Puts
NUGT (Weekly) Jul 29 2016 110.5 Puts
NUGT (Weekly) Jul 29 2016 111 Puts
NUGT (Weekly) Jul 29 2016 111.5 Puts
NUGT (Weekly) Jul 29 2016 112 Puts
NUGT (Weekly) Jul 29 2016 112.5 Puts
NUGT (Weekly) Jul 29 2016 113 Puts
NUGT (Weekly) Jul 29 2016 113.5 Puts
NUGT (Weekly) Jul 29 2016 114 Puts
NUGT (Weekly) Jul 29 2016 114.5 Puts
NUGT (Weekly) Jul 29 2016 115 Puts
NUGT (Weekly) Jul 29 2016 180 Calls
NUGT (Weekly) Jul 29 2016 185 Calls
SVXY (Weekly) Jul 29 2016 40 Puts
SVXY (Weekly) Jul 29 2016 43 Puts
SVXY (Weekly) Jul 29 2016 67 Calls
UVXY (Weekly) Jul 29 2016 (ns) 10 Calls (Covered)
UVXY (Weekly) Jul 29 2016 (ns) 11 Calls (Covered)
UVXY (Weekly) Jul 29 2016 (ns) 12 Calls (Covered)
UVXY (Weekly) Jul 29 2016 (ns) 14 Calls (Covered)
UVXY (Weekly) Jul 29 2016 (ns) 15 Calls (Covered)
UVXY (Weekly) Jul 29 2016 (ns) 30 Calls
— Assignments —
AAPL (Weekly) Jul 29 2016 103 Calls (Covered)
SVXY (Weekly) Jul 29 2016 61 Calls (Covered)
UVXY (Weekly) Jul 29 2016 (ns) 7 Puts
First week in a long time, but I closed or rolled everything for this week so nothing is expiring or being assigned.
Have a great weekend!
Expired
SVXY July 29th 45 Put
Assigned
SVXY July 29th 60 Call
SVXY July 29th 53 Call
$NUGT $70 puts
$NUGT $95 puts
$NUGT $100 put
$NUGT $230 calls
$NUGT $250 calls
$SVXY $35 puts
$SVXY $40 puts
$SVXY $47 puts
$UVXY2 $30 calls
This was one of those easy weeks where I never had any position that ever got challenged. Love weeks like that.
Have a great weekend. #optionsexpiration
AMZN 752.50/750.0
AAPL lost a bit
FB made 130.00
WFM made 65.00
TWTR made 100.00
DG made 100.00
decent week
#optionsexpiration
— Expiring —
FB 105,110, 112, 113, 114, 117 covered puts
NUGT 105 put
— Assignments —
UVXY2 9 put (should put me long 20 shares for 45.00 each)
BMY 76.5 puts – kept a third of my earnings trade for stock assignment
Thanks for a fun earnings week, everyone! More to come.
Not many this week but pretty good size trades in the trading account. #OptionsExpiration
35 puts @1.03
40 puts @.49
45 puts @.49
50 puts @ .60
35 puts in my IRA @1.09
this weeks #earnings trades-so far
FB-loser double long calendar
AMZN-winner, iron condor for next week, can’t get a fill yet
MBLY-winner strangle
GPRO-winner so far, naked put
XOM-winner long straddle,
BA-iron fly for August 12, break even right now
BMY-winner, double calendar
TWTR-loser, undefined, some was hedge for covered calls
ALXN-winner iron condor
Everything was around $110 or less.
AAPL-no position
Many thanks for everyone’s input on a fun week
#Earnings 2 and 2 this week… ALXN and AMZN worked out. Scaling out now of BMY (small loss) & BA (small profit). Both dropped too much to hit the center of my condor and butterfly. But both are rallying now, so I’m squeezing…
BTC BMY July 29th 76.5 puts for 1.50 or better. Part of condor sold for 1.06
BTC BA July 29th 135 puts for 1.50 or better. Part of condor sold for 1.65
STO August 12, 60 put @1.50 on 2 contracts.
Rolled August 26, 65 covered calls out to September 68 strike even.
BTC Aug 05 $100 put for 0.25, sold 1.74 July 22
roll Jul 29 $150/170 BeCS out to Aug 19 for $3.15 cr, hoping the swing pattern continues
$MUR sold Aug 19 25/30 strangle for .88 with Murphy Oil at 27.50
#SPXcampaign Bought to close $SPX Aug 3rd 2125/2100 put spreads for .20. Sold for 2.24 on July 21st.
#SPXcampaign Sold the following rolls to the spreads stopped immediately below this post:
Sold to Open $SPX Aug 5th 2120/2145/2200/2225 iron condors for 3.60 (1.5x position size).
Sold to Open $SPX Aug 12th 2125/2150/2195/2220 iron condors for 8.15 (1.5x position size).
I only moved one additional week out on each. Feel fairly safe about next Friday’s condor, but the following one is more aggressive (needed more premium) so may have to roll one side (hopefully not both sides!)
#SPXcampaign Exited these on the last dip:
Bought to close $SPX July 29th 2170 calls for 5.00. Part of 2170/2195 spreads sold for 2.10 on July 1st.
Bought to close $SPX Aug 5th 2165/2190 call spreads for 11.80. Sold for 1.45 on July 6th.
I will be rolling these.
#Earnings BTC $AMZN July 29th 755/745 put spread for .18. Sold yesterday for 5.00
Quick flipper:
Sold NUGT AUG 5 2016 130.0 Puts @ 3.00
Bought NUGT AUG 5 2016 130.0 Puts @ 1.70
Roll: (this is getting old)
Rolled this week’s 145 call (sold for 6.10 net so trying to keep that) into next week’s 155/165 strangle for even.
Back to work now…have a great weekend everyone!
NUGT sold Sept 19 240/250 call spread for 1.24, put in for 1.15, go figure
Taking lumps today on some SPX call spreads that I was ignoring, just thinking that I knew better than Mr. Market. Didn’t stick with discipline and now paying for it as this market continues to defy gravity.
Lesson: without sticking to discipline, you WILL have to pay the piper. Still up for the year, but hurting a bit today as I close some spreads that I should have managed earlier.
#SPXcampaign Sold to Open $SPX Aug 26th 2230/2255 call spreads for 1.45, with SPX at 2174.
BTC FB 122 Short Put .01 just to be safe
$AMZN BTC 8/19/16 652.50 PUT
$AMZN STC 8/19/16 640.00 PUT @.20
Looking a little weak here at the top of it’s range for last 6 months so booking these.
Bought to close IBB Aug 19 2016 260 Put @ .86 (sold for 4.00)
Bought to close IBB Sep 16 2016 250 Put @ 1.80 (sold for 4.10)
Sold $NUGT Jan 20 2017 250 call @ 30.00
Sold the following:
$AMZN Sep 16 825 call @ 5.00
$AMZN Sep 16 850 call @ 2.15
#SPXcampaign Forgot to cancel this order! Bought to close $SPX July 29th 2140/2115 put spreads for .15. Sold for 2.05 on July 20th.
Bought to close weekly 700/750/750/800 iron fly @ 15.00 (sold for 40.25)
Can’t believe it worked this well. Weakness at the open allowed for a nice exit. In the trade for 16 minutes of “market open” time…LMAO . What’s that annualized? After scratching iron flies in FB and NFLX this earnings cycle, finally got something inside the expected move.
http://ir.cboe.com/press-releases/2016/07-11-2016-193925310.aspx
GM,
SPX Monday-Expiring Weeklys Options to Launch on August 15
WOW!!
GOOGL and AMZN both pop up 1 minute after close
#Earnings Selling GOOGL July 29th 765/755 put spread, hopefully for 5.00, but will take a bit less. 1:1 risk/reward for a bullish trade.
and
Sold to Open AMZN July 29th 755/745 put spread for 5.00. Same theory. Bullish on both.
Here goes…putting all my CMG earnings profits on the line. (by the way…thank you Ramie for that awesome CMG trade!)
Sold AMZN 700/750/750/800 iron fly @ 40.25. Risking 9.75 to make 40.25. Anything inside the 45 dollar expected move would be nice. Otherwise it’s back to breakeven for earnings season!
One of the founders of CMG is a tastytrader…ripoff!
http://www.streetinsider.com/Corporate+News/Chipotle+Mexican+Grill+(CMG)+Confirms+Burger+Restaurant+Tasty+Made/11874563.html
NUGT sold this AM at $151.20, bought July 1 and added 27th at 138.70, 139.70. Originally buy writes with $140 calls, I rolled out and up over the next 4 weeks. I added long 170, 180 calls when price lower so have attractive BeCS. I wish I recalled previous pullbacks only to be followed shortly afterward with rally. Because I’m still in BeCS, wishing I closed out at noon ET near low of day. Maybe I’ll get another chance tomorrow. The pay is usually good, but the heart burn takes its toll.
AMZN #ironcondor Sold an August 5 660/650/840/850 for 1.11. I went with next week in case of trouble and regular job gets in the way tomorrow.
Is that a quadruple top on the daily? Short some puts so watching it….may not try to squeeze it all out of these. Aug 260 and Sep 250 both up almost 75 percent of available premium.
Waiting until 2:30 central time to see what Tony V. (the earnings slayer…LOL) at tastytrade is doing. He now has a 2 minute segment at 2:30 each day on an earnings play. He went with the double diagonal super bull on FB yesterday. Guessing he’ll talk about one of the biggies today.
Sold FEYE Aug 19 2016 17.0 Puts @ .90
Not even messing with this…unless I get a chance to sell it again!
Bought to Close NUGT JUL 29 2016 125.0 Put @ .20 (sold for 2.30)
STC BMY 7/29 – 8/29 74.5 Put for $0.32 Bought yesterday for $0.45 pp Loss of $0.13 pp.
STC BMY 7/29 – 8/29 78.5 Call for $1.15 Bought yesterday for $0.62 pp Win of $0.53 pp.
So the position made $0.40 pp. overnight.
#Earnings Selling an iron condor just outside the stock’s average move over last 3 years. Biggest UP move: 14.1%, Biggest DOWN move: -11.0%, Average move: 9.3%. Short Strikes are about 9.75% OTM. The last time the stock moved over 10% was April 2015 when stock was half its current price. It seems the moves have relaxed as the price has doubled.
Selling AMZN July 29th 660/670/815/825 condors… asking 1.85, not yet filled.
#ContangoETFs As discovered by @john4419, NUGT will be forward splitting 5 for 1 on August 24th. That would put today’s price at 28.40. I guess they don’t like it being so expensive… probably cuts down on the volume too much. As @Ramie77 points out, it will likely reverse split again not too long after this forward split.
This will be its first ever forward split. It has reverse split 3 times, April 2013, Aug 2013, and just recently in October 2015.
NUGT was started in late 2010, opening at a split adjusted price of $19,580. Yes, you read that right. That’s why we always bet bearish long-term on ContangoETFs.
#SPXcampaign Sold to Open $SPX Aug 5th 2200/2225 call spreads for 1.30, with SPX at 2163. Expire in 6 trading days.
Was doing this quickly yesterday afternoon on my phone. Wasn’t sure of the exact expected move either. I would’ve liked to have waited until closer to the close to center it better but didn’t have time.
Sold the weekly 117/122/122/127 iron fly for 4.40. Risking 60 to make 440. Obviously a bigger move than this but with the massive volatility crush was able to exit the entire thing at 4.30 today. Made a dime so calling it a scratch and moving on. Doesn’t anything ever move inside the expected move any more?…LOL
Just closed the FB Calls for $0.56 bought yesterday for $0.50 No Profit just broke even because of commissions.
I’m going to hold the Puts for now; I’m going to let expire the short Put tomorrow and will sell another one against the long next Monday. That way I may reduce the loss.
Bought To Close Aug 5th 100 Put @ 0.65. Originally sold 7/21 @ 2.28.
Sold To Open Aug 19th 110 Put @ 4.50.
#Earnings I have three condor/butterfly trades expiring tomorrow. Only ALXN is currently in profit range, but I’m preparing for reversals if they happen.
ALXN iron condor: BTC ALXN 117 puts for .05. Leaves me with 136/142 call spread, no downside risk. Order in to close 136 short calls for .25
BMY iron condor: BTC BMY 77 calls for .02.No upside risk. Need a rally back above 76.50.
BA iron butterfly: BTC BA 135 calls for .10. No upside risk. Need a rally back above 135.
#SPXcampaign Sold to Open $SPX Aug 26th 2050/2025 puts for 1.60, with SPX at 2160.
#ContangoETFs Closed a call and opened a put, which released a big chunk of margin.
BTC NUGT July 29th 175 call for .50. Sold for 5.90 on June 24th
STO NUGT Aug 26th 110 put for 6.00
STO September 16, 39 puts @1.10
STO September 16, 45 puts @1.85
I have a few expirations tomorrow and the are far out of the money so I want to replace some of that exposure.
#Earnings BTC $FB July 29th 120 call for .08. Sold yesterday for 3.20.
STC July 29th 122 call for 4.50. Bought yesterday for 4.00.
Was hoping we could open around 132.00 and THEN fall here. As it is, not much chance to sell long calls yet. I dumped the near-term one; now holding others that expire in coming weeks.
Yesterday FB STO 122/120 BuPS for this week .85cr and a Double Calendar Jul29-Aug19 132 Call & 112 Put calls .42 Puts .57 will see today how they do.
#OptionsExpiration
$SPX 2185/2210 calls, sold last week for 1.70 (401k accounts only)
$SPX 2130/2105 puts, sold for 2.60 on July 14th
#Earnings BTO ALXN July 29th 112 put for .25 and 143 call for .50. These are protection against 117/136 strangle. Net credit on trade 1.00.
STO December 250 call @22.00 Thanks for the idea.
BTC September 35 put @0.10 , sold at 2.32
BTC Aug 5 $100 put @ $.67 (sold for $2.06)
STO Aug 5 $110 put @ $1.40
#ContangoETFs STO NUGT Aug 26th 200 call for 7.00
BTO Jul 29 / Aug 19 BMY 74.5 Put and 78.5 Call at $1.07
STO Aug 12 $220 call @ $1.11
Staying small until we see how far gold/$NUGT decides to run.
Sold $NUGT Dec 16 250 call @ 18.50. Highest strike in December.
#Earnings Not a big mover on earnings. Slightly bullish (trend) iron condor, with a smidge better than 1:1 risk/reward:
Sold to Open $BMY July 29th 74.5/76.5/77/79 iron condor for 1.06
#Earnings Filled on ALXN trade, 117/136 strangle for 1.75.
UVXY it seems at and in the money options beginning next week are rich in premium
#Earnings #RiskReversal #ShortStock
To protect my short stock position in $FB, I have opened several risk reversals (selling puts, buying calls). Most were opened today, but a few of the puts were sold in the past. I believe the stock is more likely to move up on earnings. If I’m right, I will lose more on the stock position but take in profits from these options. If I am wrong and it moves down, my position will be closed on Friday via put assignments.
STO $FB July 29th 120, 117, 114, 113, 112, 110, and 105 puts. Total premium collected: 10.05
BTO $FB July 29th 122 call, Aug 5th 126 call, Aug 12th 129 call, Aug 19th 132 call. Total premium spent: 8.94
All my puts expire Friday. The calls expire in the next few weeks.
Haven’t tried this before, but it is an interesting experiment.
BTO Jul 29/Aug 19 112 Put and 132 Call for $1.08
Just got back, GM-afternoon
Just checking in….keep an eye on Jumpin’ Janet for me. LOL! Crazy week at work so not much happening. Tiny Nuggets this week for fun. Good luck!
$SVXY #CoveredCalls – Sold SVXY Aug 5 2016 65.0 Calls @ 0.90. I was missing this week from my short call #OptionLadder
#Earnings #ShortStrangles Asking 1.90 for ALXN July 29th 117/136 strangle. Biggest UP move: 21.1%, Biggest DOWN move: -5.5%, Average move: 5.3%. These strikes are over 7% OTM. The 21% up move is an outlier; next highest is 7.3%. If you eliminate the outlier, these strikes are outside its biggest moves.
I may add some long options as protection later.
VIX working on a steady uptrend since last week’s low.
STO $AMGN 7/29 162.50 put @.68. (Awaiting fill). Luckily my AKAM trade did not fill yesterday.
#earnings
STO $GOOG Iron Condor 700/710/775/765 July 29 @ 4.4
Options Bistro 