SPX Monday-Expiring Weeklys Options to Launch on August 15
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Daily Archives: Thursday, July 28, 2016
GOOGL and AMZN both pop…
GOOGL and AMZN both pop up 1 minute after close
GOOGL and/or AMZN spreads
#Earnings Selling GOOGL July 29th 765/755 put spread, hopefully for 5.00, but will take a bit less. 1:1 risk/reward for a bullish trade.
and
Sold to Open AMZN July 29th 755/745 put spread for 5.00. Same theory. Bullish on both.
AMZN earnings….gulp
Here goes…putting all my CMG earnings profits on the line. (by the way…thank you Ramie for that awesome CMG trade!)
Sold AMZN 700/750/750/800 iron fly @ 40.25. Risking 9.75 to make 40.25. Anything inside the 45 dollar expected move would be nice. Otherwise it’s back to breakeven for earnings season!
CMG…??
One of the founders of CMG is a tastytrader…ripoff!
http://www.streetinsider.com/Corporate+News/Chipotle+Mexican+Grill+(CMG)+Confirms+Burger+Restaurant+Tasty+Made/11874563.html
NUGT sold this AM at…
NUGT sold this AM at $151.20, bought July 1 and added 27th at 138.70, 139.70. Originally buy writes with $140 calls, I rolled out and up over the next 4 weeks. I added long 170, 180 calls when price lower so have attractive BeCS. I wish I recalled previous pullbacks only to be followed shortly afterward with rally. Because I’m still in BeCS, wishing I closed out at noon ET near low of day. Maybe I’ll get another chance tomorrow. The pay is usually good, but the heart burn takes its toll.
AMZN #ironcondor Sold an August…
AMZN #ironcondor Sold an August 5 660/650/840/850 for 1.11. I went with next week in case of trouble and regular job gets in the way tomorrow.
IBB…watching closely
Is that a quadruple top on the daily? Short some puts so watching it….may not try to squeeze it all out of these. Aug 260 and Sep 250 both up almost 75 percent of available premium.
AMZN or GOOGL earnings?
Waiting until 2:30 central time to see what Tony V. (the earnings slayer…LOL) at tastytrade is doing. He now has a 2 minute segment at 2:30 each day on an earnings play. He went with the double diagonal super bull on FB yesterday. Guessing he’ll talk about one of the biggies today.
FEYE…following DAN at OMM
Sold FEYE Aug 19 2016 17.0 Puts @ .90
NUGT put
Not even messing with this…unless I get a chance to sell it again!
Bought to Close NUGT JUL 29 2016 125.0 Put @ .20 (sold for 2.30)
BMY Double Cal closed
STC BMY 7/29 – 8/29 74.5 Put for $0.32 Bought yesterday for $0.45 pp Loss of $0.13 pp.
STC BMY 7/29 – 8/29 78.5 Call for $1.15 Bought yesterday for $0.62 pp Win of $0.53 pp.
So the position made $0.40 pp. overnight.
AMZN earnings
#Earnings Selling an iron condor just outside the stock’s average move over last 3 years. Biggest UP move: 14.1%, Biggest DOWN move: -11.0%, Average move: 9.3%. Short Strikes are about 9.75% OTM. The last time the stock moved over 10% was April 2015 when stock was half its current price. It seems the moves have relaxed as the price has doubled.
Selling AMZN July 29th 660/670/815/825 condors… asking 1.85, not yet filled.
NUGT split
#ContangoETFs As discovered by @john4419, NUGT will be forward splitting 5 for 1 on August 24th. That would put today’s price at 28.40. I guess they don’t like it being so expensive… probably cuts down on the volume too much. As @Ramie77 points out, it will likely reverse split again not too long after this forward split.
This will be its first ever forward split. It has reverse split 3 times, April 2013, Aug 2013, and just recently in October 2015.
NUGT was started in late 2010, opening at a split adjusted price of $19,580. Yes, you read that right. That’s why we always bet bearish long-term on ContangoETFs.
SPX calls sold
#SPXcampaign Sold to Open $SPX Aug 5th 2200/2225 call spreads for 1.30, with SPX at 2163. Expire in 6 trading days.
FB…my earnings attempt
Was doing this quickly yesterday afternoon on my phone. Wasn’t sure of the exact expected move either. I would’ve liked to have waited until closer to the close to center it better but didn’t have time.
Sold the weekly 117/122/122/127 iron fly for 4.40. Risking 60 to make 440. Obviously a bigger move than this but with the massive volatility crush was able to exit the entire thing at 4.30 today. Made a dime so calling it a scratch and moving on. Doesn’t anything ever move inside the expected move any more?…LOL
Closing FB double Cal.
Just closed the FB Calls for $0.56 bought yesterday for $0.50 No Profit just broke even because of commissions.
I’m going to hold the Puts for now; I’m going to let expire the short Put tomorrow and will sell another one against the long next Monday. That way I may reduce the loss.
$NUGT
Bought To Close Aug 5th 100 Put @ 0.65. Originally sold 7/21 @ 2.28.
Sold To Open Aug 19th 110 Put @ 4.50.
Earnings mgt
#Earnings I have three condor/butterfly trades expiring tomorrow. Only ALXN is currently in profit range, but I’m preparing for reversals if they happen.
ALXN iron condor: BTC ALXN 117 puts for .05. Leaves me with 136/142 call spread, no downside risk. Order in to close 136 short calls for .25
BMY iron condor: BTC BMY 77 calls for .02.No upside risk. Need a rally back above 76.50.
BA iron butterfly: BTC BA 135 calls for .10. No upside risk. Need a rally back above 135.
SPX puts sold
#SPXcampaign Sold to Open $SPX Aug 26th 2050/2025 puts for 1.60, with SPX at 2160.
NUGT roll
#ContangoETFs Closed a call and opened a put, which released a big chunk of margin.
BTC NUGT July 29th 175 call for .50. Sold for 5.90 on June 24th
STO NUGT Aug 26th 110 put for 6.00
SVXY
STO September 16, 39 puts @1.10
STO September 16, 45 puts @1.85
I have a few expirations tomorrow and the are far out of the money so I want to replace some of that exposure.
FB mgt
#Earnings BTC $FB July 29th 120 call for .08. Sold yesterday for 3.20.
STC July 29th 122 call for 4.50. Bought yesterday for 4.00.
Was hoping we could open around 132.00 and THEN fall here. As it is, not much chance to sell long calls yet. I dumped the near-term one; now holding others that expire in coming weeks.
Yesterday FB STO 122/120 BuPS…
Yesterday FB STO 122/120 BuPS for this week .85cr and a Double Calendar Jul29-Aug19 132 Call & 112 Put calls .42 Puts .57 will see today how they do.
Options Bistro 