I’ve been sticking to the #SPXcampaign roll rules, and as you can see by the number of arrows, things can get quite messy. As long as you can track it, the system can withstand a whipsaw market like we’re experiencing.
As for the VIX, today was the second consecutive day below the 78.6% retracement. It will depend on the market’s reaction to the job numbers Friday as to whether we’ll get an Upside warning or get some more pullback.
$SVXY # CoveredCalls #AfterHours – Some late reports
Sold SVXY AUG 19 2016 65.0 Calls @ 0.50
Sold SVXY SEP 16 2016 60.0 Calls @ 2.80
#SPXcampaign Sold to Open $SPX July 27th 2000/2025/2150/2175 iron condors for 4.40, 1.5x position size. This is a roll from the call spread stopped earlier. I used a Wednesday expiration since I already have too many spreads crowded on the July 29th expiry.
Filled right on the close. STO December 75 puts @1.55
STO September 50 puts @1.15
$UVXY #CoveredCalls – Sold UVXY JUL 15 2016 12.5 Calls @ 0.21
#VXXGame BTC UVXY Sept 30 call for .60. Sold for 3.20 on 4/28.
#SPXcampaign Bought to Close $SPX 2110/2135 call spreads for 7.50. Sold as part of an iron-condor roll for 2.70 on June 27th. Working on a roll to a new iron condor now. This was one I tried to slip by without Stopping, but this market continues to threaten higher so using this pullback to close ahead of jobs number tomorrow.
$UVXY #CoveredCalls – Sold UVXY July 8 2016 10.0 Calls @ 0.15 with the stock at 9. These expire or get assigned tomorrow.
$UVXY #LongStock – Sold a large block of UVXY at 9.05 vs. a Put assignment last Friday at 9.00.
I may get put the stock again tomorrow below 9 so I’m lightening up a bit.
Had to close the AET Diagonal because insurance companies dropped big time due to the government squashing two proposed mergers between insurance companies….my kind of luck.
$SVXY #CoveredCalls – Sold SVXY DEC 16 2016 80.0 Calls @ 0.90
$SVXY #CoveredCalls – Sold SVXY SEP 16 2016 70.0 Calls @ 0.55
$SVXY #CoveredCalls – Sold all the following today
SVXY JUL 8 2016 53.5 Calls @ 0.25 – these expire tomorrow
SVXY JUL 8 2016 54.0 Calls @ 0.25 – these expire tomorrow
SVXY JUL 15 2016 55.0 Calls @ 0.55
SVXY AUG 5 2016 60.0 Calls @ 0.85
SVXY AUG 12 2016 60.0 Calls @ 1.10
SVXY AUG 19 2016 60.0 Calls @ 1.50
SVXY SEP 16 2016 60.0 Calls @ 2.70 – adding to my position
$NUGT #ShortCalls – Bought to Close 1 NUGT JUL 8 2016 160.0 Call @ 3.40. Small gain.
The gold pull back doesn’t seem to be lasting very long so starting to look for some short term put sales.
STO July 15 $120 put @ $1.60
SPY sold August 19 197/216 strangle for 1.92
STO July 22 $250 call @ $1.25
$MYL STO Aug 19 45/47.50 BeCS for .85
#ContangoETFs I remain wary of a pullback in NUGT, so I’m tempering my aggressiveness on the first down day in almost two weeks.
STO NUGT July 29th 105 put for 3.20
STO NUGT Aug 5th 120 put for 9.00
also:
BTC NUGT July 15th 60 put for .05. Sold for 2.85 on June 3rd.
$AMBA In September and October of 2015 I became the proud owner of 400 shares of AMBA after 4 put spreads went way in the money. I was assigned 200 @ $100.00 and 200 @ $85. I had received around $9000 from selling the good puts. I have been selling calls and have my cost basis down to 61.42. Today I rolled some 52.50 calls out to November 62.50. Pretty volatile stock. 52 week range is 33-125.
I rolled my August 155 call out to September 175 call for a credit od .80 cents. Where is Gartman when I need him?
Options Bistro 