SPX chart and VIX Indicator have been updated. Have a good night, all!
Daily Archives: Tuesday, July 5, 2016
$NUGT
OK, did something today that I wanted to do on a pull back, but it just isn’t pulling back. It will now though since I made this trade today. Bought the July 15 $152 Covered call for $137. It was not the optimal entry point, but after the pull back and quick rebound today, I went ahead and put the trade on. I know $NUGT could be at $120 by friday, but there are a lot of reasons for Gold/Miners to continue to go up and very few (other than some profit taking) for them to go down right now. I basically had to ask myself the question, “if this thing pulls back to $120, do I think it will go back above $137 or $152 in the reasonably near future?” I think that is almost a certainty. If it did pull back, I’d also get a shot to sell another call against it.
So if Fuzzy’s put sale doesn’t cause this stock to tank, this trade certainly will.
Tomorrow someone will announce a product that turns the Florida toxic algae into Gold for $100/oz
$UVXY #LongStock – sold a…
$UVXY #LongStock – sold a bit more of UVXY at 9.67 before it fell back to earth.
Also sold strike 10 thru strike 12.50 calls for this week to partially hedge the risk.
SVXY
Is there some news or is it just short covering
$PCLN #ironcondor STO Aug 5…
$PCLN #ironcondor STO Aug 5 1050/1040/1450/1460 for 1.49 with PCLN at 1262. Earnings are a couple days before expiration. Adapted a TT strangle
NUGT strangle roll
#ContangoETFs #strangleroll
STO $NUGT Aug 19th 105/200 strangle for 24.60. Rolled from Aug 5th 150 call for a 1.60 credit.
SVXY Staying small
STO August 32 put @0.80
STO August 36 put @1.30
SPX puts sold
#SPXcampaign Sold to Open $SPX July 22nd 1970/1945 put spreads for 1.25, with SPX at 2082.
$UVXY #LongStock – In one…
$UVXY #LongStock – In one account today, I sold @ 9.60 the block of stock I picked up on assignment Friday at 9.50
$NUGT
STO July 15 $220/$105 Strangle @ $2.65 (qty 1)
I’m continuing to get smaller on this name as weekly expiration’s occur. Adding a little back here. It would be great if $NUGT stayed below $170 this week but there is just no relenting in this stock. Keep expecting some profit taking in Gold and a pull back in $NUGT, but pull backs right now only seem to last for 30 mins and the buying comes back strong.
Closing AMZN put
Taking this off for 90% of max profit.
Bought to close $AMZN Jul 15 650 put @ .50. Sold for 5.00 on 6/17.
SPX calls closed
#SPXcampaign Bought to close $SPX July 14th 2165/2190 call spreads for .20. Sold as part of an iron condor roll for 2.45 on June 16th.
$FB adapted an #ironcondor over…
$FB adapted an #ironcondor over at TT sold an August 19 110/105/120/125 for 2.01 with FB at 113
NUGT – taking one for the team
If this doesn’t make NUGT roll over and die nothing will…hedging my Aug 105/175 and Sep 105/180 short strangle positions.
Originally sold this week’s 125 put last week. Rolled it up Friday to 135 for nice credit. Very aggressive roll this morning to 150…LOL! 4.50 credit on today’s roll bringing the total to 11.05. Breakeven down to 138.95. Even after this I’m slightly short overall. If NUGT continues up I’ll use some of the premium from this put to roll up the call side of the existing strangles.
Good luck!
SPX call spreads
Closed the put side of these already…finally getting a chance to sell the call side since it looks like we might be near a top. Starter positions small…
Sold SPX SEP 30 2016 2225/2250 Bear call spreads @ 2.25
Sold SPX OCT 31 2016 2250/2275 Bear call spread @ 2.50
SPX chart is now updated…
SPX chart is now updated from Friday’s close
$DBC
BIG red candle.
$SWKS puts
All of my short put positions in this have either been closed out for a profit or expired so I’m reloading.
Sold $SWKS Aug 19 52.50 puts @ 1.50. Strike is below the Feb low of 54.50.
$NUGT
About to go Negative on the day. Down $10 in the past 1 hr.
SPX BuPS Closed
BTC Jul 20 SPX 1930/1905 for $0.40 Sold for $3.10
Once in a while even a blind squirrel finds an acorn.
NUGT call closed
#ContangoETFs BTC NUGT Aug 5th 150 call for 23.00. Sold for 11.90 last Wednesday. Will roll at a later time or date. Would prefer to see some stability before adding anymore to this monster.
SVXY
STO July 29, 40 put @1.30
SPX puts sold, calls closed
#SPXcampaign
Sold to Open $SPX Aug 5th 1940/1910 put spreads for 1.40, with SPX at 2089.
Bought to close $SPX July 14th 2170/2195 call spreads for .20. Sold for 2.20 as a roll on June 13th.
$SPX call spread closed
With this drop today, closed $SPX Jul 8 2130/2140 for 0.30.
Sold last week for 1.00
good morning all
good morning all
NUGT, can you take me higher?
#ContangoETFs New strikes added…
Up to 210 on the weeklys, 220 on the monthlys.
Options Bistro 