#OptionsExpiration
$SPX 2185/2210 calls, sold last week for 1.70 (401k accounts only)
$SPX 2130/2105 puts, sold for 2.60 on July 14th
Daily Archives: Wednesday, July 27, 2016
ALXN protection
#Earnings BTO ALXN July 29th 112 put for .25 and 143 call for .50. These are protection against 117/136 strangle. Net credit on trade 1.00.
NUGT
STO December 250 call @22.00 Thanks for the idea.
NUGT
BTC September 35 put @0.10 , sold at 2.32
$NUGT
BTC Aug 5 $100 put @ $.67 (sold for $2.06)
STO Aug 5 $110 put @ $1.40
NUGT call
#ContangoETFs STO NUGT Aug 26th 200 call for 7.00
BMY Double Calendar
BTO Jul 29 / Aug 19 BMY 74.5 Put and 78.5 Call at $1.07
$NUGT
STO Aug 12 $220 call @ $1.11
Staying small until we see how far gold/$NUGT decides to run.
NUGT Dec
Sold $NUGT Dec 16 250 call @ 18.50. Highest strike in December.
BMY earnings
#Earnings Not a big mover on earnings. Slightly bullish (trend) iron condor, with a smidge better than 1:1 risk/reward:
Sold to Open $BMY July 29th 74.5/76.5/77/79 iron condor for 1.06
ALXN earnings
#Earnings Filled on ALXN trade, 117/136 strangle for 1.75.
UVXY it seems at and…
UVXY it seems at and in the money options beginning next week are rich in premium
Risk Reversals into FB earnings
#Earnings #RiskReversal #ShortStock
To protect my short stock position in $FB, I have opened several risk reversals (selling puts, buying calls). Most were opened today, but a few of the puts were sold in the past. I believe the stock is more likely to move up on earnings. If I’m right, I will lose more on the stock position but take in profits from these options. If I am wrong and it moves down, my position will be closed on Friday via put assignments.
STO $FB July 29th 120, 117, 114, 113, 112, 110, and 105 puts. Total premium collected: 10.05
BTO $FB July 29th 122 call, Aug 5th 126 call, Aug 12th 129 call, Aug 19th 132 call. Total premium spent: 8.94
All my puts expire Friday. The calls expire in the next few weeks.
Haven’t tried this before, but it is an interesting experiment.
FB double Calendar for tonight earnings.
BTO Jul 29/Aug 19 112 Put and 132 Call for $1.08
Just got back, GM-afternoon
Just got back, GM-afternoon
Busy week…
Just checking in….keep an eye on Jumpin’ Janet for me. LOL! Crazy week at work so not much happening. Tiny Nuggets this week for fun. Good luck!
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Aug 5 2016 65.0 Calls @ 0.90. I was missing this week from my short call #OptionLadder
ALXN earnings
#Earnings #ShortStrangles Asking 1.90 for ALXN July 29th 117/136 strangle. Biggest UP move: 21.1%, Biggest DOWN move: -5.5%, Average move: 5.3%. These strikes are over 7% OTM. The 21% up move is an outlier; next highest is 7.3%. If you eliminate the outlier, these strikes are outside its biggest moves.
I may add some long options as protection later.
VIX working on a steady…
VIX working on a steady uptrend since last week’s low.
#earnings STO $AMGN 7/29 162.50…
STO $AMGN 7/29 162.50 put @.68. (Awaiting fill). Luckily my AKAM trade did not fill yesterday.
#earnings STO $GOOG Iron Condor…
#earnings
STO $GOOG Iron Condor 700/710/775/765 July 29 @ 4.4
NUGT put closed
#ContangoETFs BTC $NUGT Aug 12th 135 put for 13.10. Sold for 12.60 on 7/11. Small loss on this one but I’m closing it now as it is too close to the money going into Fed. I will replace this premium with a new strangle sale eventually.
Earnings candidates with sufficient volume & weeklys
#Earnings GOOGL, GOOG, AMGN, BMY, CELG, COP, GPRO, MA, NXPI, SCTY, WFM
NUGT
BTC September 30 put @0.10, sold for 2.47
$NUGT
BTC Jul 29 $180 call @ $0.12 (sold for $0.90)
Also looking to close out $175 call for $.20 or less if I can. Looking for Gold and $NUGT to go higher so wanting to take these off a little early and redeploy at higher prices.
AAPL-I hope someone here was…
AAPL-I hope someone here was bullish on AAPL
Options Bistro 