#OptionsExpiration for July 8
$NUGT $65 puts
$NUGT $75 puts
$NUGT $135 put
$NUGT $190 calls
$NUGT $195 calls
$NUGT $200 calls
$SVXY $35 puts
$SVXY $40 puts
$SVXY $45 puts
Daily Archives: Friday, July 8, 2016
#OptionsExpiration #Weeklys #Jul08 – A…
#OptionsExpiration #Weeklys #Jul08 – A mostly profitable week. I got out of some extra SVXY stock that I picked up during the Brexit swoon at prices from 44.50 up to 50 at a nice profit.
But I also had to roll some pesky NUGT calls out one more week.
— Expirations —
NUGT (Weekly) Jul 8 2016 60 Puts
NUGT (Weekly) Jul 8 2016 115 Puts
NUGT (Weekly) Jul 8 2016 175 Calls
NUGT (Weekly) Jul 8 2016 210 Calls
SVXY (Weekly) Jul 8 2016 35 Puts
SVXY (Weekly) Jul 8 2016 44.5 Puts
SVXY (Weekly) Jul 8 2016 45 Puts
SVXY (Weekly) Jul 8 2016 60 Calls (Covered)
SVXY (Weekly) Jul 8 2016 62 Calls (Covered)
SVXY (Weekly) Jul 8 2016 64 Calls (Covered)
SVXY (Weekly) Jul 8 2016 65 Calls (Covered)
SVXY (Weekly) Jul 8 2016 67 Calls (Covered)
SVXY (Weekly) Jul 8 2016 69 Calls (Covered)
UVXY (Weekly) Jul 8 2016 10 Calls (Covered)
UVXY (Weekly) Jul 8 2016 10.5 Calls (Covered)
UVXY (Weekly) Jul 8 2016 11 Calls (Covered)
UVXY (Weekly) Jul 8 2016 11.5 Calls (Covered)
UVXY (Weekly) Jul 8 2016 12 Calls (Covered)
UVXY (Weekly) Jul 8 2016 12.5 Calls (Covered)
UVXY (Weekly) Jul 8 2016 22 Calls
UVXY (Weekly) Jul 8 2016 30 Calls
— Assignments —
SVXY (Weekly) Jul 8 2016 53.5 Calls – lightening up on a big long position
SVXY (Weekly) Jul 8 2016 54 Calls – lightening up on a big long position in an IRA
UVXY (Weekly) Jul 8 2016 8 Puts – adding to existing long positions
UVXY (Weekly) Jul 8 2016 8.5 Puts – adding to existing long positions
UVXY (Weekly) Jul 8 2016 9 Puts – adding to existing long positions
Expirations
SVXY
40 puts
45 puts
50 puts
#OptionsExpiration for July 8 Expiring:…
#OptionsExpiration for July 8
Expiring:
$NUGT 07/08/2016 175 calls
$NUGT 07/08/2016 68 puts
$UVXY 07/08/2016 30 calls
No assignments.
Have a great weekend everyone.
No expirations
#VXXGame Asleep at the wheel, forgot about this one until right before close:
BTC UVXY July 8th 11 put for 3.70. Sold for 1.51 on June 20th. I’ll take the loss as I don’t really care to roll UVXY at such a low levels. Bring on the reverse split!
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close UVXY Jan 19 2018 115 Calls @ 0.90. Originally sold @ 3.60 and they have 560 days to run until expiration.
Clearing the decks for the coming split.
NUGT call
#ContangoETFs STO NUGT Aug 12th 250 call for 8.10
$SVXY #CoveredCalls – Sold both…
$SVXY #CoveredCalls – Sold both of these, replacing calls expiring today
SVXY Aug 5 2016 60.0 Calls @ 1.25
SVXY Aug 12 2016 60.0 Calls @ 1.95
SVXY covered call
I rolled my July 22 60 call out to August 65 call for a credit of 0.60
SPX puts sold
#SPXcampaign Sold to Open $SPX July 29th 2075/2050 put spreads for 2.90. This adds to my rolling and also better balances my puts vs. calls ratio.
Rolling $NUGT
Rolled next week’s (7/15) 164 call up and out to 7/29 185 for 1.20 credit.
Then added a put hedge at 15 delta: STO $NUGT 7/29 125 put for 5.30.
So I guess that means I rolled to a 125/185 strangle for 6.50 credit.
$SVXY #CoveredCalls #Rollup – Rolled…
$SVXY #CoveredCalls #Rollup – Rolled these in an IRA
Bought to close SVXY JUL 8 2016 53.5 Calls / Sold SVXY JUL 22 2016 56.0 Calls for a 0.20 Credit
$SVXY #CoveredCalls #Rollup – Rolled…
$SVXY #CoveredCalls #Rollup – Rolled these in an IRA
Bought to close SVXY JUL 8 2016 53.5 Calls / Sold SVXY JUL 29 2016 57.0 Calls for a 0.42 Credit
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY DEC 16 2016 80.0 Calls @ 1.30
$NUGT #ShortCall #Rollup – Rolled…
$NUGT #ShortCalls #Rollup – Rolled this one out a week and up 15 points for an 0.80 Credit.
edit: also Rolled another 160 Call for a 1.10 Credit up to 175
SPX calls stopped
#SPXcampaign Bought to close $SPX Aug 5th 2150/2175 call spreads for 8.50. Sold as part of iron condor for 7.40 on July 1. Since we breached 2130, I will be looking to close 2150/2175 spreads. Just this one for today.
SPX puts sold
#SPXcampaign Sold to Open $SPX Aug 5th 2020/1995 put spreads for 1.40. This is my second standard spread for the Aug 5th expiry. I am holding off on my second call spread for next week.
SPX partial roll
#SPXcampaign Sold to Open a handful of $SPX Aug 12th 2050/2025 put spreads for 2.75, as a partial roll of call spread stopped earlier. I tripled my position size, which is fine since I am heavier calls than puts. This covers a bit more than half of my cost to close the stopped calls; will add more rolls today and next week.
$NUGT hedge
Rolled $NUGT Jul 15 120 puts up to 140 puts for 2.26 credit.
SPX puts closed
#SPXcampaign Bought to close $SPX July 22nd 1970/1945 put spreads for .20. Sold for 1.25 on Tuesday.
SPX calls crushed
#SPXcampaign Got crushed because no pullback would come. I am working on a roll, which will mostly be in puts; with Upside Warning firing today, I anticipate new all time highs next week. On whatever pullbacks we get, I will be aggressive at selling puts and exiting call spreads (but still also selling super high call spreads).
Bought to close $SPX July 29th 2125/2150 call spreads for 13.35. Sold as part of an iron condor for 2.40 on June 27th.
SVXY covered calls
STO January 80 calls@1.90 and 85 calls @1.20
SPX closed July 1970/1945 BuCS…
SPX closed July 22 1970/1945 BuCS for .25, sold for 1.25 on July 5-I love this game!
SPY following Robyn at TT,…
SPY following Robyn at TT, new kind of trade for me. Sold an August 19 207 put, bought a Jan. 224 put for a debit of 14.45, 1.91 credit on the August put. The goal is a 20% ROC this month.
SPX put spread adjustment
Rolled August 31st short 1825 puts up to 1900 for 2.55 credit. Might seem like a big roll but it’s only from delta .03 to delta .08. Still a 90.78 percent chance of expiring according to TOS. Accelerating theta should help protect these on anything other than a major selloff…maybe 🙂
$SVXY
$SVXY Sold To Open July 29th 60 Call @ 0.75. Covered by stock. I will take assignment.
NUGT weekly strangle
Jumping back in for next week….
Sold July 15 2016 125/190 strangle @ 4.60
$NUGT
Looking to replace some puts that will expire today.
STO $NUGT Jul 22 $105 put @ $1.71 (1)
$SVXY #ShortCalls #ReverseRoll I might…
$SVXY #ShortCalls #ReverseRoll
I might not be around near the end of the day so went ahead and made this roll out a bit early.
Market is very strong today, coupled with the movement in the $VIX and Jeff’s note about an upside warning, I opted to Reverse Roll some calls expiring today into puts vs. rolling them up and out.
BTC $SVXY July 8 $52.5 calls @ $1.75 (2)
STO $SVXY July 22 $43.5 puts @ $0.50 (2)
STO $SVXY July 29 $40 puts @ $o.50 (2)
STO $SVXY Aug 5 $42 puts @ $0.75 (2)
I could have rolled into fewer higher priced puts, but chose to use the strikes near the Brexit low’s of basically $40 and it was only there for a few minutes.
NUGT update
Been messing around this week with the rolling up of an original 95 strike put sale to see how it works out. Busy at work, but Wednesday afternoon made a super aggressive roll up from 150 to 162.5. This brought total credit for the week to 13.10. Of course Mr. Market noticed this and NUGT dumped…LOL funny how that happens! In any case, closed it on the bounce this morning at 7.55 for net gain of 5.55. Looking like I might have been a little early but leaving soon and not sure I’ll see the close. Interesting experiment….slightly too aggressive but still good for a week.
Tastytrade suggests rolling to delta 30 on the non threatened side of a strangle. I went a little beyond that but got lucky. The 150 strike would’ve been about right. All’s well that ends well!
Closing Jan UVXY #VXXGame trades…
Closing Jan UVXY #VXXGame trades
I’m starting to close the remaining longer term positions I have at near max profit before the upcoming 1:5 split on 7/25.
Bought to close $UVXY Jan 20 2017 80 calls @ .30. Sold for 16.65 in May 2015, and 12.45 in Aug 2015.
Bought to close $UVXY Jan 20 2017 85 call @ .30. Sold for 20.10 in Jun 2015.
Upside Warning probably coming…
Barring a reversal on day and a close lower, today will be the third consecutive day where the VIX will close below the Fib 78.6% retracement line (from the recent VIX low of April 20 to high of June 27th). This will trigger an Upside Warning. Since we are already close to both the recent SPX high and the all-time high, it’s hard to say how far and how strongly it can run. Of course, it could also be a head-fake. But for now, VIX is telling us the risk is more to the upside.
Out KOLD
#ContangoETFs Dumping my final KOLD options to avoid the forward split and further downside. This leaves me flat KOLD.
BTC KOLD Aug 19th 80 put for 2.00. Sold for 2.55 on 1/26.
BTC KOLD Aug 19th 70 put for .60. Sold for 2.00 on 1/29.
New lows…
…on UVXY, fourth day of a new low in July already, and a new low in VXX, first time since June 7th.
UVXY and NUGT closed
#VXXGame BTC July 22nd 25 and 22 calls for .05
BTC July 15th 25 call for .05
#ContangoETFs BTC NUGT July 22nd 55 put for .05.
SVXY covered calls
STO December 80 calls 1.00
Jobs blowout, gold dumps
Looks like the job market is giving us a bigger whipsaw than the market… 287,000 in June after a (downwardly revised) May number of only 6,000.
Options Bistro 