Daily Archives: Friday, July 1, 2016
$UVXY
Let portion of stock get called away for $10 today. Option sold for $0.55 last week.
$NUGT
rolled this week’s $140 calls to next week for $8 credit. Also rolled $142 calls out 2 weeks for $11.50 credit. I expect to buy back in next day or two, maybe sell stock as well. I’m not sure how this gold security will play out but a pullback seems likely.
#OptionsExpiration for July 1 Expiring:…
#OptionsExpiration for July 1
Expiring:
$DUST 07/01/2016 22 calls
$NUGT 07/01/2016 155 calls
$NUGT 07/01/2016 160 calls
$UVXY 07/01/2016 25 calls
$SPX 07/01/2016 1975/1950 put spreads
Happy 4th of July everyone! I can’t believe the year is half over.
Have a good & healthy…
Have a good & healthy 4th to all
#OptionsExpiration #Weeklys #Jul01 – this…
#OptionsExpiration #Weeklys #Jul01 – this week could have been a lot better with no assignments, but because of the SVXY short calls that rolled off, it was very good.
Short trading week next week.
— Expirations —
AAL (Weekly) Jul 1 2016 25.5 Puts
AAPL (Weekly) Jul 1 2016 102 Calls – Covered
CF (Weekly) Jul 1 2016 23.5 Puts
DUST (Weekly) Jul 1 2016 22 Calls – Covered
DUST (Weekly) Jul 1 2016 25 Calls – Covered
FCX (Weekly) Jul 1 2016 9.5 Puts
IBB (Weekly) Jul 1 2016 235 Puts
NTAP (Weekly) Jul 1 2016 25 Calls – Covered
NUGT (Weekly) Jul 1 2016 40 Puts
NUGT (Weekly) Jul 1 2016 60 Puts
NUGT (Weekly) Jul 1 2016 70 Puts
NUGT (Weekly) Jul 1 2016 85 Puts
NUGT (Weekly) Jul 1 2016 150 Calls
NUGT (Weekly) Jul 1 2016 155 Calls
NUGT (Weekly) Jul 1 2016 160 Calls
NUGT (Weekly) Jul 1 2016 175 Calls
SVXY (Weekly) Jul 1 2016 35 Puts
SVXY (Weekly) Jul 1 2016 44.5 Puts
SVXY (Weekly) Jul 1 2016 45 Puts
SVXY (Weekly) Jul 1 2016 47 Puts
SVXY (Weekly) Jul 1 2016 52 Calls – Covered
SVXY (Weekly) Jul 1 2016 52.5 Calls – Covered
SVXY (Weekly) Jul 1 2016 57 Calls – Covered
SVXY (Weekly) Jul 1 2016 61 Calls – Covered
SVXY (Weekly) Jul 1 2016 62 Calls – Covered
SVXY (Weekly) Jul 1 2016 63 Calls – Covered
SVXY (Weekly) Jul 1 2016 64 Calls – Covered
SVXY (Weekly) Jul 1 2016 66 Calls – Covered
SVXY (Weekly) Jul 1 2016 67 Calls – Covered
UAL (Weekly) Jul 1 2016 39 Puts
UVXY (Weekly) Jul 1 2016 8 Puts
UVXY (Weekly) Jul 1 2016 8.5 Puts
UVXY (Weekly) Jul 1 2016 21 Calls – Covered
UVXY (Weekly) Jul 1 2016 22 Calls – Covered
UVXY (Weekly) Jul 1 2016 25 Calls – Covered
WDC (Weekly) Jul 1 2016 47 Calls – Covered
WDC (Weekly) Jul 1 2016 48 Calls
— Assignments —
DUST (Weekly) Jul 1 2016 9 Puts – adding a small long position
TWTR (Weekly) Jul 1 2016 17 Calls – Covered but out at a loss
UVXY (Weekly) Jul 1 2016 9 Puts – going long
UVXY (Weekly) Jul 1 2016 9.5 Puts – going long
UVXY (Weekly) Jul 1 2016 10 Puts – going long
UVXY (Weekly) Jul 1 2016 10.5 Puts
#OptionsExpiration Closed my $SVXY puts…
Closed my $SVXY puts yesterday, so here’s what I have expiring.
$UVXY $16 calls
$NUGT $60 puts
$NUGT $65 puts
$NUGT $90 put
$NUGT $150 call
$NUGT $160 calls
$NUGT $175 calls
Brexit or not, my long…
Brexit or not, my long term portfolio recovered from UK dip and went ahead on this rally. Picked up more dividend shares, EVA + CINR, too.
No expirations this week.
Have a safe and sane 4th everyone!
Options Expiration 7/1/16
Weekly expirations
SVXY
35 put
40 puts
44.5 puts
45 puts
47.5 puts
50 puts
51 puts, will be assigned
$UVXY #ShortPuts #Rolling – Rolled…
$UVXY #ShortPuts #Rolling – Rolled this week’s strike 9 puts to next week’s strike 8 puts for a 0.04 Credit. Made a small profit on the strike 9 put that I covered.
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT Jul 08 175.0 Call @ 2.30 with the stock at 146.37.
Highest available strike and 4 trading days until expiration.
$UVXY sold July 8, 9.50…
$UVXY sold July 8, 9.50 put for .93, 4 trading days plus an hour.
$UVXY
Sell at $8.80 this morning, bought at $14 and change a couple of weeks/months ago. How much longer will this bull run before exhaustion gives us a the normal 10% correction.
$UVXY rolled July 1 10.5…
$UVXY rolled July 1 10.5 put to July 8 for a credit of 21
$NUGT #ShortCalls #Rollup – I’m…
$NUGT #ShortCalls #Rollup – I’m forced to roll this option up to avoid assignment. Never imagined that it would go in the money.
Bought to close 1 NUGT Jul 1 2016 135.0 Call / Sold 1 NUGT Jul 29 2016 180.0 Call for a 2.45 Credit
$ETE #ShortPuts #IRA – Sold…
$ETE #ShortPuts #IRA – Sold ETE Jul 15 2016 13.0 Puts @ 0.40
What does the red color…
What does the red color on the SPX 5-min chart mean? Looks unfamiliar to me.
$UVXY #CoveredCalls – anticipating the…
$UVXY #CoveredCalls – anticipating the assignment of some short strike 9.5 Puts today, I sold the following for next week.
They will be covered by my new long stock position
Sold UVXY(Weekly) Jul 08 2016 12.0 Calls @ 0.23
SVXY #ShortCalls – Bought to…
SVXY #ShortCalls – Bought to close SVXY Jul 08 2016 67.0 Calls @ 0.04 to release margin.
Originally sold 6/23 at 0.90.
ETE…Lou over at OMM likes it
He suggested RLYP and it worked out nicely so I’ll follow again.
Sold ETE JUL 15 2016 14.0 Puts @ .65
NUGT call
Sold $NUGT Aug 19 180 call @ 14.50. Highest strike in August.
NUGT adjustments
All of my nuggets were in this week and tiny positions…(stay small!)
Bought to Close NUGT JUL 1 2016 117.0 Puts @ .05 (sold for 8.40 after multiple roll ups)
This left me with short 105 and 115 calls for today.
Rolled the 115’s to August 160/90 strangles for .50 debit
Rolled the 105’s to Sept 160/90 strangles for .06 debit
Paid for the debit rolls with a quick scalp of this week’s 138 puts right at the open. A quick in and out for 30 cents on a few contracts…
Now will be looking to sell some weekly shorter term puts on any weakness to stay fairly delta neutral. Current position short 71 deltas and would become long at 104 so there is some room for some sales on the put side for now…
The market is 4 days…
The market is 4 days in green, a red color would make it beautiful, the only issue is when?
SVXY puts
Not even messing with this stuff anymore after having a nickel nugget a few weeks ago turn into nearly 3 bucks on expiration day.
Bought SVXY JUL 1 2016 45.0 Puts @ .05 (sold for 1.50)
$SVXY #CoveredCalls – sold these…
$SVXY #CoveredCalls – sold these once the stock broke above 50 –
Sold SVXY(Weekly) Jul 29 2016 60.0 Calls @ 0.55
Sold SVXY Sep 16 2016 60.0 Calls @ 2.55
RLYP called early
Lost the last of my stock. Called away last night at 17 with a 16.25 basis. I’ll take it since it was originally a basis of 25 but reduced using weekly covered calls.
SPX condor sold
#SPXcampaign Sold to Open July 29th 1975/1950 put spreads for 1.30, and 2170/2195 call spreads for 2.10… full iron condor for 3.40.
And we continue to rip higher. Whenever this market decides to pullback it will be a good day for me. Meantime, I’ll manage the pain.
SKEW index remains high; bonds and gold high. New lows in UVXY.
No one sold TSLA puts?…
No one sold TSLA puts? I guess market doesn’t care about self-driving cars killing us. Soon they will rule the world and find man insignificant.
SPX roll sold
#SPXcampaign Sold to Open $SPX Aug 5th 1950/1975/2150/2175 iron condors for 7.40. This is a roll from July 14th spread that was stopped yesterday.
SVXY covered calls
STO August 19, 60 call@1.35
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close SVXY Jul 1 2016 51.0 Puts @ 0.95 to avoid possible assignment tonight.
Originally sold for 1.05.
$SPY failed scalp attempt-I sold…
$SPY failed scalp attempt-I sold 2-July 1 210 calls yesterday paired with some mostly worthless long calls, bailed right away this morning, no loss.
WMT didn’t pan out.
STC WMT 72 Calls for $0.98 Bought them for $1.05 yesterday….It looks bearish now, so I got out with a slight loss.
SPX Support and Resistance Levels.
SPX Retracement Support Values: 2074-72; 2055-58; 2045-47; 2030-2033.
SPX Resistance Values: 2100-2104; 2010-2112; 2115-2116; 2130-2134; 2144-2146.
Today…a new month and quarter…
… from John Carter’s Simpler Trading, Special Report, a free service:Stocks futures are pointing to small losses early (have been paring losses), on what is expected to be a light volume day ahead of the 3-day holiday weekend in the U.S. (closed for Independence Day Monday). Stocks are modestly paring gains after surging Thursday to end June with its best 3-day gain in 4 months (3 consecutive days of 200+ point gains for the Dow Industrials), and nearly erasing all of the post Brexit related losses. Defensive assets are surging again this morning, with gold up over 1% (silver up over 2.5% and near best levels in 2-years), while bonds extend recent gains, pushing the 10-year yield down to fresh 4-year lows of 1.40%.
Trade safely, or turn off your computer, buy fireworks and enjoy the weekend, which is what I’m doing at the beach!
GM
GM
SPX calls closed
#SPXcampaign In pre-market, Bought to close $SPX July 1st 2150 short calls for .05. Sold as the 2150/2175 call spread for 3.95 on May 25th. This was an oversized position sold as a roll (14 contracts). By closing the shorts and leaving the longs in place, this released $86K in margin for today! Portfolio margin can be your friend, but it can also throw your account out of whack if you are too heavy on one side of the market. This reflects my oversized short-market position with call spreads.
New gap highs for NUGT…
New gap highs for NUGT and GLD this morning. Also for TLT. With bonds AND gold spiking to new highs, how is it the stock market still headed up?
good morning all
good morning all
Good morning
I hope we have a quiet day today.
Options Bistro 