#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.
Monthly Archives: July 2016
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
AAPL beats
On earnings.
Stock up over 4% as of now.
STO TWTR Jul29 18/21 BeCS…
STO TWTR Jul29 18/21 BeCS .98 Cr
$NUGT
STO Aug 12 $210 call @ $1.05
Got back from a meeting and saw that I got this fill. Looks like Ramie and I had similar ideas.
BA trade
#Earnings Sold to Open $BA July 29th 133/135/137 iron butterfly for 1.65. Max gain 1.65, max risk .35. Betting for a small move or some back and forth into Friday. Over last 3 years, Biggest UP move: 9.7%, Biggest DOWN move: -8.6%, Average move: 4.5%.
NUGT calls
Replacing the call side of the strangle I just closed, 2 weeks further out and 25 points higher.
Sold $NUGT Aug 12 200 calls @ 1.50
#earnings $AKAM STO 7/29 51…
#earnings
$AKAM STO 7/29 51 puts @.50.
Looking at
$AMGN STO 7/29 160 puts @.65. Wednesday after hours
$CELG STO 7/29 puts @.55. Thursday before close
Anyone trading AAPL?
#Earnings Was going to skip it but now thinking of selling outs as it drops into the close.
NUGT strangle–closing
Closing this week’s strangle for close to 75% max profit. Don’t want to wait for the last 25% with the FOMC coming up tomorrow.
Bought to close $NUGT Jul 29 105/175 strangles for .85. Sold for 3.10–legged into on 7/20 and 7/21.
SPX puts sold
#SPXcampaign Sold to Open $SPX Aug 5th 2125/2100 put spreads for 2.75, when SPX was at 2162. Since my standard spreads for this expiry were already closed, sold this extra spread to offset call spreads that are still open.
TWTR #earnings bought a July…
TWTR #earnings bought a July 29 butterfly call spread 16/18.50/18.50/21 for .83, profitable between 16.83 and 20.17.
FB put sold
#Earnings #ShortStock Sold to Open $FB Jan 29th 113 put for 1.00. I still have short stock on this so I will be selling several short puts going into this week’s earnings.
TSLA closed Aug. 19 185/195/195/200…
TSLA closed Aug. 19 185/195/195/200 put butterfly for .30 sold June 22 for 1.58
AAPL earnings amy today
AAPL earnings are today
Earnings MBLY
#Earnings I have been lucky this quarter since I have not gotten filled on some trades where my call was wrong… bullish spread on MBLY was not filled and it’s looking to open down over 15%.
$SVXY
STO $SVXY Aug 5 $50 puts @ $.75
SPX calls sold
#SPXcampaign Sold to Open $SPX Aug 26th 2235/2260 call spreads for 1.40, with SPX at 2167.
Merger…ho, hum…
Now for some real news…
“Dear Valued Customer,
I wanted to share the exciting news announced earlier today that E*TRADE Financial is acquiring OptionsHouse…This is an exciting time for OptionsHouse and our customers. E*TRADE is a fantastic company, and in the coming months we look forward to offering you an even better brokerage experience.
Best,
Michael Curcio, CEO”
…hope I didn’t wake anyone up?
GLD #iron condor sold an…
GLD #ironcondor sold an Aug. 19 124/115/130/131/ for 1.53 with GLD at 125.65. Followed a jade lizard at TT but added the long put to reduce the margin requirement. Profitable above 122.70 at expiration.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close UVXY2 SEP 16 2016 40.0 Calls @ 0.01 (no commission).
These are the pre-split options that still have 53 days to go before expiration.
These were sold just 20 days ago @ 0.44.
AAPL dumping
AAPL dumping
Earnings MBLY sold a Jan…
Earnings MBLY sold a Jan 29 44/52.50 strangle for .75, with Mobileye at 48.72. In the last 3 years, from CBOE, biggest gain was 2.7%, biggest drop was 5.69%, the average was 2.44%. The strikes are about 9% out of the money. Sure hope I’ve interpreted the data properly, may pick up a hedge to the upside, they are into auto driving systems.
UVXY pre-split call
#VXXGame (Earlier) Sold to Open $UVXY2 (pre-split) Jan’18 85 call for .90. This is, in effect, the 425 strike based on the new pricing. Usually I cannot open new positions on the pre-split options, but IB allowed me earlier today. Perhaps it is because there are no post-split options yet. But alas, I cannot sell anymore so maybe it was a mistake earlier today.
Earnings today
#Earnings IV is pretty low on CAT, MCD and LVS
GILD is usually a minor mover, but last quarter it dropped 10%. That throws a wrench in the works. Maybe an iron butterfly to capture a small move but limit risk if there’s another big one.
MBLY trying for a 1:1 put spread, 49/48, bullish trading with the trend.
First Ever Earnings Trade….
BTO Double Cal Aug 5 – Sep 2 on MBLY 45P and 53C for $1.70….Will close tomorrow.
SPX closed August 12, 2000…
SPX closed August 12, 2000 2025 put spread, got 60%, I know it’s a down day, preparing for a little correction.
$UVXY #CoveredCalls – Sold UVXY2…
$UVXY #CoveredCalls – Sold UVXY2 AUG 12 2016 12.0 Calls @ 0.20 . These are the pre-split options.
The Post-split options won’t start trading until tomorrow.
Why am I getting emails…
Why am I getting emails from elitethink.wordpress.com??
$NUGT #ShortPuts – Sold 1…
$NUGT #ShortPuts – Sold 1 NUGT AUG 5 2016 85.0 Put @ 1.15
GM
GM
SPX puts sold
#SPXcampaign Sold to Open $SPX Aug 26th 2040/2015 put spreads for 1.40, with SPX at 2167.
SVXY
STO August 12, 50 puts @1.05
SVXY
STO August 12, 50 puts @1.05
$AAPL #CoveredCalls – Sold AAPL…
$AAPL #CoveredCalls – Sold AAPL Jul 29 2016 103.0 Calls @ 0.45. Earnings this week.
$DUST #CoveredCalls – Sold DUST…
$DUST #CoveredCalls – Sold DUST Jul 29 2016 8.0 Calls @ 0.20
$SVXY #CoveredCalls #Weeklys #Options Ladder…
$SVXY #CoveredCalls #Weeklys #OptionsLadder – on the open this morning, replacing calls that expired Friday –
Sold SVXY Aug 12 2016 66.5 Calls @ 0.80
Sold SVXY Aug 19 2016 67.0 Calls @ 1.15
Sold SVXY Aug 26 2016 69.0 Calls @ 1.10
Sold SVXY Sep 02 2016 70.0 Calls @ 1.20
#Earning – 197 S&P 500…
#Earnings – 197 S&P 500 companies are due to report (or 38% of the index market cap) with the notable names including Apple (Tuesday), Verizon (Tuesday), Facebook (Wednesday), Coca-Cola (Wednesday), Alphabet (Thursday), Exxon Mobil (Friday) and Chevron (Friday).
SWKS stock sold
#Earnings In pre-market, sold $SWKS stock for 65.10. Shares were assigned on Friday when 65 short puts were exercised (sold for .58 on Thursday).
UVXY has split… time for volatility?
Options Expiration 7/22/16
#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.
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 Expiration 7/22
Expired
$NUGT 250 Call
$NUGT 195 Call
$AAPL 100 Call (Covered)
$BIIB 240 Put (Earnings Play)
$MSFT 52 Put (Earnings Play)
$UVXY 30 Call
$SPX 1945/1970 BUPS
Closed on 7/22 Early
$SPX 7/29 1950/1975 BUPS @95%
Assigned
$UVXY @7
$SVXY @59.5
Lost All
$SPX 2135/2110 BECS
$SPX 2140/2115 BECS
Relax this weekend. NYC area nice and hot!
#OptionsExpiration for July 22 $UVXY…
#OptionsExpiration for July 22
$UVXY 07/22/2016 25 calls
$UVXY 07/22/2016 30 calls
$CMG 07/22/2016 385 puts
Have a great weekend everyone.
#OptionsExpiration #Weeklys #Jul22 – only…
#OptionsExpiration #Weeklys #Jul22 – only the continuing rally in SVXY and the decline in UVXY kept this from being a week when every short position expired.
— Expired —
AAPL (Weekly) Jul 22 2016 101 Calls (Covered)
CMG (Weekly) Jul 22 2016 300 Puts
CMG (Weekly) Jul 22 2016 305 Puts
DUST (Weekly) Jul 22 2016 7.5 Calls (Covered)
DUST (Weekly) Jul 22 2016 8 Calls (Covered)
HUM (Weekly) Jul 22 2016 140 Puts
NFLX (Weekly) Jul 22 2016 79 Puts
NUGT (Weekly) Jul 22 2016 109 Puts
NUGT (Weekly) Jul 22 2016 117 Puts
NUGT (Weekly) Jul 22 2016 117.5 Puts
NUGT (Weekly) Jul 22 2016 118 Puts
NUGT (Weekly) Jul 22 2016 210 Calls
SVXY (Weekly) Jul 22 2016 40 Puts
SVXY (Weekly) Jul 22 2016 45 Puts
SVXY (Weekly) Jul 22 2016 63.5 Calls (Covered)
SVXY (Weekly) Jul 22 2016 64 Calls (Covered)
SVXY (Weekly) Jul 22 2016 65 Calls (Covered)
SVXY (Weekly) Jul 22 2016 67 Calls (Covered)
UVXY (Weekly) Jul 22 2016 11 Calls (Covered)
UVXY (Weekly) Jul 22 2016 12 Calls (Covered)
UVXY (Weekly) Jul 22 2016 15 Calls (Covered)
UVXY (Weekly) Jul 22 2016 16 Calls (Covered)
UVXY (Weekly) Jul 22 2016 21 Calls
UVXY (Weekly) Jul 22 2016 22 Calls
UVXY (Weekly) Jul 22 2016 30 Calls
WDC (Weekly) Jul 22 2016 52.5 Calls
— Assignments —
UVXY (Weekly) Jul 22 2016 6.5 Puts – I used these to round up existing positions to multiples of 500 shares prior to the coming reverse split.
UVXY (Weekly) Jul 22 2016 7 Puts
UVXY (Weekly) Jul 22 2016 7.5 Puts
Have a good weekend
I am going to the gym. Enjoy the weekend.
Expired SPX 2180/2185 calls
Expired SPX 2180/2185 calls
Expirations
Only 3 expirations this week.
SVXY 45 put in an IRA
SVXY 40 put
SVXY 45 put
SVXY
If we can get a close above 65, I see the possibility of 85 to 90 as long as the FED is stable until the end of the year. FD, I have been wrong before.
$SVXY #CoveredCalls #Rollup #IRA -…
$SVXY #CoveredCalls #Rollup #IRA – this would have been easier if SVXY had stayed near the opening price all day
Bought to close SVXY Jul 22 2016 56.0 Calls/Sold SVXY Aug 12 2016 58.5 Calls for a 0.25 Credit.
Bought to close SVXY Jul 22 2016 59.5 Calls/Sold SVXY Jul 29 2016 61.0 Calls for a 0.57 Credit.
SVXY
STO December 80 calls @2.85
SPY rolled a 209.5/213 call…
SPY rolled a 209.5/213 call spread to Aug. 5 for a debit of .34, someday the market will go down a few days in a row, someday
NUGT strangle
Sold $NUGT Aug 5 100/170 strangles @ 5.86. 70 points wide with NUGT at 135.60.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Sep 2 2016 65.0 Calls @ 3.00. My first trade in this new weekly contract.
The effective assignment price would be above the high for the year on the stock.
SPX call roll
#SPXcampaign #Rolling Was hoping to slip out of this spread next week, but the continued rally makes it too dangerous.
Bought to close $SPX July 29th 2165/2190 call spreads for 12.00. Sold as part of a condor-roll for 6.05 on June 30th.
Sold to Open $SPX Aug 26th 2175/2200 call spreads for 12.10.
AMZN closed July 29 650/640…
AMZN closed July 29 650/640 put spread for 60%, look forward to wild wild earnings
MSFT earnings trade
#Earnings Sold to close $MSFT July 22nd 56 call for .41. This was final long call. Overall, the 51/56 long strangle (bought for .62 on Tuesday) was a small loss. I sold back the calls at varying prices, averaging .50. As usual, it is better to sell into earnings than buy!
SWKS puts
Initiated a small put ladder on today’s move down:
Sold $SWKS Aug 19 57.50 puts @ .70
Sold $SWKS Nov 18 50.00 puts @ 1.40
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY AUG 19 2016 18.0 Calls @ 0.19 with the stock at 6.41
GM
GM
..and more calls sold
#SPXcampaign Sold these before the other two, but forgot to post:
Sold to Open $SPX Aug 3rd 2190/2215 call spreads for 3.10.
SPX spreads sold in 401K
#SPXcampaign Since the 401K accounts I manage are Reg T margin, any put spread in a given expiry can be offset by a call spread margin free. Since I have the July 27th 2130/2105 put spreads, I sold the following:
Sold to Open $SPX July 27th 2185/2210 call spreads for 1.70, with SPX at 2166.
I feel we’re hitting at resistance and any move higher will be slower. I also did NOT sell these in my main Portfolio Margin account, as margin is not calculated in the same way.
SPX calls sold
#SPXcampaign Sold to Open $SPX Aug 18th 2225/2250 call spreads for 1.55, with SPX at 2166.
$SVXY #CoveredCalls #Rollup #IRA =…
$SVXY #CoveredCalls #Rollup #IRA = starting my rolls for ITM Calls
Bought to close SVXY Jul 22 2016 56.5 Calls/Sold SVXY Aug 5 2016 59.0 Calls for a 0.50 Credit.
I added two weeks to my holding period but bumped the strike price up 2 1/2 points.
Good morning
Happy expiration.
SPX puts sold earlier
#SPXcampaign Sold to Open $SPX Aug 19th 2040/2015 puts @ 1.30, with SPX @ 2162.50.
Thanks, Jeff
Hey guy’s, I’m going to…
Hey guy’s, I’m going to be travelling tomorrow so won’t have any access to the market. I’ll try to post my expiring options at some point over the weekend.
Have a great weekend everyone.
Kelly
svxy/uvxy
Funny how the UVXY keeps making all time lows and the SVXY has not had an expiration above 65 this year.
$CF #CoveredCalls – Sold CF…
$CF #CoveredCalls – Sold CF NOV 18 2016 35.0 Calls @ 0.47
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY Sep 02 2016 12.0 Calls @ 0.59. Highest available strike price for this weekly.
Options Bistro 