#OptionsExpiration Just two assignments, that’s all…
$SWKS 65 puts, stock assigned (#Earnings)
$UVXY 10 put, stock assigned
Also, earlier in day, Bought to close $SPX Aug 5th 2020/1995 puts for .20. Sold for 1.40 on July 8th.
Daily Archives: Sunday, July 24, 2016
Options Expiration
Back home from my trip. Here were my expirations on friday 7/22.
$NUGT $75 puts
$NUGT $95 puts
$NUGT $105 put
$NUGT $122.50 put
$NUGT $200 call
$NUGT $225 calls
$NUGT $250 calls
$SVXY $40 puts
$SVXY $43.50 puts
$SVXY $47 puts
$UVXY $30 calls
Market thoughts
I’ve been thinking we are overdue for a pullback. Looking at the chart of the SPX on a weekly basis, it has closed above the upper Bollinger band for the past two weeks. Looking back the past 10 years it has rarely done this even for one week where it closes above the upper BB on the weekly charts. When it does, it pulls back. With two weeks above the upper BB, we are due for a pullback based on technicals and charts. I will be expecting the expected this week in that regard. I’ve got “too many” call spreads on right now, just like I had “too many” put spreads on a couple of weeks ago.
Be careful, but expect the expected.
Sometimes I fall of the…
Sometimes I fall of the wagon and buy an option or two. Here is an interesting study at TT about buying in this type of low volatility environment.
https://tastytrade.com/tt/blog/long-straddles-is-there-ever-an-opportunity?utm_source=newsletter&utm_medium=email&utm_campaign=80
Options Bistro 