It looks like we could be “creeping” up on a downside warning. This happens when we have no days that are violently volatile but the VIX slowly rises and hits 50% increase over its most recent low.
Monthly Archives: August 2016
Some Trades
STO $TWLO 9/2 53 put @ 1.50
STO $ETE 9/23 17.5 put @ .5
STO $SPX 9/2 2105/2130 BUPS @ 1.20 Thanks Jeff
BTC $NUGT 9/2 24 put @ 6.20 (Lost 100%) – Rolling not practical to me)
STO $GIMO 9/16 45 put @ 2.00
$SPX call spreads
#SPXcampaign – STO $SPX Sep 2 2195/2200 call spreads @ .25 completes an Iron Condor with Sep 2 SPX 2130/2125 put spreads at .30 opened earlier. Now let the juggling begin, in what some are saying is the slowest trading week of the year?!
CRM #earnings Trying something bought…
CRM #earnings
Trying something bought a Sept 2 73 put for .24. Sold a Sept. 16 75/65 put spread for .85.
svxy
BTC September 9, 55 PUT @ 0.10
$SVXY #ShortCalls #VXXGame – on…
$SVXY #ShortCalls #VXXGame – on my orders on SVXY leaps, I got the 2nd of them off this afternoon.
Sold 1 SVXY Jan 19 2018 110.0 Call @ 11.50 with the stock at 72.75.
Trying for another one a point higher.
#BPE – TOS tells me the buying Power effect is only 731.15 for the next one.
@thomberg #Calendar Strangle Hey thanks…
@thomberg #Calendar Strangle Hey thanks for the laugh, never did one before. HonkHOnk
$SPX — going back to the well
BTC $SPX Sep 16 2220/2230 call spread at 60% max profit.
Stickin’ with discipline that has made me money this year.
Will reload later.
SPX short put spreads
#SPXcampaign Sold to Open $SPX Sep 2 2130/2125 put spreads @ .30. Expires Friday.
NUGT Roll Damnage Control
Earlier today when the boss wasn’t looking: BTC NUGT Sep02’16 24 PUT @ 5.9 then STO NUGT Sep23’16 19 PUT @ 3 (doubled the number of contracts so collected an extra 0.10 in premium). Over at OMM yesterday Dan went long a put in ABX so maybe the bottom is about in on NUGT… No offense to you DANilonians 😂
WYNN iron condor
Here ya go Mort…even though I’m not 100 percent comfortable with it, it would cover another month of fees. LOL Keeping her on a tight leash. 200ma is my line in the sand.
Sold WYNN Sep 30 2016 75/80/103/108 iron condors @ .88
SPX puts sold
#SPXcampaign Sold to Open $SPX Sept 2nd 2140/2115 put spreads for 1.30, w/SPX at 2169. Short-termer expiring Friday.
$NUGT #shortputs STO Sep 2…
$NUGT #shortputs STO Sep 2 2016 17.0 Put @ 0.56. Following Iceman’s trade from yesterday.
SOME TRADES: Haven’t traded $NUGT…
SOME TRADES: Haven’t traded $NUGT in a few months, so wanted to give it whirl again, paying to learn. I fat fingered the Put, should have been for 9/2/16 expiration. ;>)
$NUGT STO 9/2/16 19.0 CALL @.55
$NUGT STO 9/9/16 16.0 PUT @.65
IBB…starting a new position
Jumping back in after being out a few months… #IRA
Sold IBB Dec 16 2016 250 Put @ 5.70
$GUSH
GUSH is gushing nicely. Glad to get it right for a change.
TSLA Closed Sept. 16 240/230…
TSLA
Closed Sept. 16 240/230 call spread, made 75 out of 120, 5 day trade. Thanks prvtrader
SVXY
BTC September 16, 38 puts @0.05 which will help offset my position in NUGT.
DBA On Aug. 19 I…
DBA
On Aug. 19 I bought some DBA, a food commodities ETF, because it was down near 3 year lows, how low could it go after all. Well it can go lower and has. Food and oil at incredible lows, deflationary period I guess. I’ll hang in there, it’s a slow mover, the opposite of NUGT.
$BMY
STO $BMY Dec 16 55 put @ 2.19, finding support at 52 week low. Will take shares of this hoglet, 2.66%, $1.52ann div, at discounted price in Trad IRA.
Thanks, geewhiz112
IS Skype working
IS Skype working
$NUGT
For all intents and purposes, $NUGT has now been cut in half in the past 3 weeks. 36 to 18.
Thoughts on this trade CMG…
Thoughts on this trade CMG Sept 16 450/460//380/370 for .85 cr
CRM earnings
#Earnings CRM on deck after the close… fairly bullish moves over last three years. Share your trade ideas!
Average move: 6.4%
May 18, 2016 AC 4.13%
Feb. 24, 2016 AC 11.03%
Nov. 18, 2015 AC 4.25%
Aug. 20, 2015 AC 1.96%
May 20, 2015 AC 3.91%
Feb. 25, 2015 AC 11.72%
Nov. 19, 2014 AC -4.45%
Aug. 21, 2014 AC 7.34%
May 20, 2014 AC -5.10%
Feb. 27, 2014 AC -5.81%
Nov. 18, 2013 AC -4.99%
Aug. 29, 2013 AC 12.55%
$GUSH There has been a…
$GUSH
There has been a lot of talk of about crude “glut” and that the move up will be short lived.
Assuming that is so, am considering a BECS on GUSH. No more selling Calls for me as my recent
NUGT experiences have not been pretty. Looking at BECS – Sep 16 Buy 90 and Sell 85 @2.25.
Any thoughts on this approach.
VIX Indicator and SPX position…
VIX Indicator and SPX position chart have been updated
Some Trades
STO $LN 9/16 40 put @ .85
STO $NUGT 9/2 17 call @ .55
STO $NUGT 9/2 19 call @1 (covered)
STO $BMY 12/16 55 put @ 1.67
STO $UVXY 9/9 23 call @.65
STO $SVXY 9/23 put @ 1.25
BTO $FB 10/21 125 call @ 4.5
STO $FB 10/21 120/125 BUPS @1.6
STO $CMG 9/16 405/410 BUPS @1.4
STO $SPX 9/30 2025/2050 BUPS @1.5
Thanks to everyone for their assistance.
$NUGT
If $GDX falls more, the next strong tech support I see is a high volume node at about $24 – about 7% lower, which I guess would be 21% lower for $NUGT. Gold futures might find trendline support about 1.3% lower, if they break fib symmetry at about $1308.
I’m finding a cluster of fib symmetry on GDX just under today’s close, to about $25.11
I’ll look to sell NUGT calls if GDX can claw its way back up to $26.30 26.60.
Thanks to all who share your ideas on this!
NUGT
close many Sept 02 calls: 20C @ 0.35, sold for 2.00 this morning; 21C @ 0.40, sold for 1.75 yesterday; Sept 09 20C @ $1.00, sold for 4.41. After couple strong days down I expect a small rally and will sell again.
$SPX
Closed early
$SPX 9/2 2250/2225 BECS @.12 Sold for 1.35 on 8/2
$SPX 9/16 2270/2245 BECS @.1 Sold for 1.60 on 8/15
$SPX 9/9 2265/2240 BECS @.1 Sold for 1.30 on 8/10
NUGT reverse rolls
Executed the following rolls (puts to calls) to get out of the way of this downward spiral.
Rolled NUGT Sep 16 22 puts out to Jan 20 21 calls for .19 credit
Rolled NUGT Sep 16 21 puts out to Dec 16 21 calls for .30 credit
$ETE
Sold Sept 23rd 17.5 Puts @ 0.45 when $ETE was trading at 18.03. I will take assignment as I currently have no position in this hoglet.
GDX…wow
Just for fun bought an oversize amount of this week’s 25 puts for .10 this morning. Up 150 percent so far…not sure how far to push this one. Maybe through the jobs report?
$NUGT #ShortPuts – Back in…
$NUGT #ShortPuts – Back in it. Sold NUGT Sept 2 2016 17.0 Puts @ 0.35. These should expire Friday
IBB SPX Sold a 270/260…
IBB SPX
Sold a 270/260 Sept. 16 put spread for 1.13, gives me an IC joining a 300/310 call spread.
Follwed Robyn at TT on a put calendar, sold Oct 23 2165 put, bought Oct. 28 2165 put, debit of 17.00,her plan is to close within 2 weeks.
NUGT…rolling and getting smaller
Rolled this week’s short calls down from 20 to 19 for 1.00 credit. Used proceeds to buy back 28, 31, 32 puts that were DITM. Still preserving premium on all the original rolls. So far so good…still concerned a good jobs number on Friday will cause a further drop.
$SVXY
STO Sept 23rd 60 Put @ 1.35 when $SVXY was at 72.95 I’ll take assignment or roll as price dictates. Now back out to raking thatch.
Market
I am bored. We need some volatility.
SPX Puts Bought to Close
$SPX #SPXCampaign – BTC Sep 2 2105/2080 put spreads, a GTC order at today’s open, @ .20. Sold to open Aug 16 @ 1.25.
Jeff, you should watch a…
Jeff, you should watch a few of JC’s videos on earnings trades and how to handle them when they go bad. Very interesting.
$DUST #ShortCalls – Sold 1…
$DUST #ShortCalls – Sold 1 DUST 20/100 Mar 17 2017 12.0 Call @ 1.40 with the stock at 36.74.
This is the old pre-split contract and the effective strike price is 60 on the new stock.
Adding to an existing position since the option only covers 20 shares.
#BPE (new hashtag for Buying power effect) is only 196.11
$CF #CoveredCalls – Sold CF…
$CF #CoveredCalls – Sold CF Oct 07 2016 30.0 Calls @ 0.38 on a jump in CF this morning.
$POT & $AGU were halted following chatter about merger talks according to someone over on OMM
TSLA-5th consecutive down day (3…
TSLA-5th consecutive down day (3 day rule anyone?)
SPX…my first Wed expiration
Bought to Close SPX AUG 31 2016 2190/2195 Bear call spreads @ .20 (sold 24 hours ago for 1.05)
NUGT
BTC 5 NUGT Sep02’16 26 CALL @ 0.10, sold for 0.40 on Friday. Think I’m gonna wait to sell calls again until after the jobs number on Friday… Maybe the number will be awful and NUGT will shoot for the stars!
SPX puts sold
#SPXcampaign Sold to Open $SPX Sept 30th 2050/2025 put spreads for 1.50, with SPX at 2174.
PANW earnings trade
#Earnings Thanks to Bobbie for helping find the strikes….
Sold to Open $PANW Sept 2nd 122/127/155/160 iron condor for 1.25. Over last 3 years, Biggest UP move: 10.6%, Biggest DOWN move: -12.4%, Average move: 6.1%. My short strikes are 11% and 8.6% OTM respectively. Definitely more risk to upside, can try the 157.5/162.50 as an alternative.
$SVXY #ShortCalls #VXXGame – with…
$SVXY #ShortCalls #VXXGame – with little else going on, I put some orders in last night on some leaps on SVXY. I got the first of them off this morning.
Sold 1 SVXY Jan 19 2018 100.0 Call @ 13.80 with the stock at 73.27.
Trying for another one a point higher. TOS tells me the buying Power effect is only 731.45 for the next one.
PANW earnings
#Earnings If the indices and gold look boring again, maybe we can find something in $PANW earnings. It’s average move has been about 6%, although last quarter it had an outlier -12% move DOWN. Considering a condor with shorts at 135 and 148, giving me 1.83, risking 3.17. Breakevens about 6% up or down.
Any other thoughts?
#earnings trade dumb luck Accidentally…
#earnings trade dumb luck
Accidentally placed a BePS on ANF yesterday, closed first thing for a profit of $141. I wish I could say I would have placed the trade anyway, but the trading gods might hold it against me.
SPX puts closed
#SPXcampaign Bought to close $SPX Aug 31st 2140/2115 put spreads for .20. Sold for 2.45 on Aug 12th.
SVXY
Finally, BTC September 36 puts @.05, sold @1.60
#earnings Trade ANF Fat finger…
#earnings Trade ANF
Fat finger earnings trade, I was toying with different ideas on Dough and inadvertently hit send on a BePS, Sept 16, 23/20 for 1.11.
SOME TRADES:
$UVXY BTC 9/2/16 29.0 CALLS @.05
$UVXY BTC 9/2/16 30.0 CALLS @.05
$UVXY BTC 9/2/16 20.0 CALLS @.85 Rolled out last Friday @1.73
$UVXY STO 9/9/16 23.0 CALLS @.86 If this expires, great, if not, I’ll roll it out. Easy.
BMY
STO 2 December 55 puts @1.63 following Iceman, thanks for the idea.Boring market but wait until Friday.
$BMY #ShortPuts – Sold 1…
$BMY #ShortPuts – Sold 1 BMY Dec 16 2016 55 Put at 1.77.
My only trade today.
#BoringMarket
$SVXY
Sold Sept 16th 75 Call @ 2.50 when SVXY was at 72.79. This replaces the Aug 26th 67 call I bought back last Friday .
UVXY
Earlier today:
BTC 1 UVXY Sep16’16 56 CALL @ 0.10 (sold for 0.74 awhile back)
STO 1 UVXY Sep30’16 30.5 CALL @ 1.45
I own the stock so this is covered.
OMM…I’m moving on
With mixed emotions I’ll be letting my OMM subscription expire in October. Been there since the beginning but not really getting much value out of it anymore. Dan’s trades don’t really fit my style and I was real good at only taking the losers…LOL. I’ll be taking my educational dollars elsewhere simply for a fresh look at option selling.
I’ve watched this guy for awhile and have done a couple trials over the years. He was running an awesome special last week so I signed on for a year. He’s a little more aggressive so I’ll be treading lightly until I get a feel but you can’t argue with his performance. Various portfolios up 50-75 percent YTD. If you see me posting an odd looking trade (for me) you can probably guess where it came from…LOL
SVXY
BTC September 34 puts @.05
BTC September 35 puts @.05
NUGT…still reducing size
Using weekly call premium to buy back some DITM puts. By using weekly call sales to buy these back in I’m able to preserve all the premium received over the last few weeks on the put sales and rolls. Would love to see this thing grind around in this area for a month or so.
Bought to Close NUGT SEP 16 2016 28.0 Put @ 7.00
Bought to Close NUGT SEP 16 2016 31.0 Put @ 9.80
$SVXY
Set up a one week Buy Write on $SVXY since lower strike Puts are not enticing. Bought stock at 72.44 and sold the Sept 2nd 73 Call at 1.45. I expect to be assigned, but if not I’ll sell the next week’s Call next Monday. Yield is 2.7% if assigned. This is a five day trade. My stop is about 8% lower on the stock around 66. If SVXY pulls back to this level I’ll close it out. At that point Put selling on a monthly time frame at more favorable strikes will be available. I will rinse and repeat this until the market changes. Comments and critiques welcomed.
SVXY
Taking more risk off the table and freeing up more margin. Fidelity now makes me put up 100% cash on these.
BTC September 16, 33 puts @0.05, sold @1.80
BTC September 2, 58 puts @0.10, sold @2.80
Closing winners at %60 AAPL…
Closing winners at 60%
AAPL Sept 16 110/115 call spread
MLM Sept 16 200/210 call spread
Sold Sept 30 2250/2275 call spread for 1.00
$NUGT STO Sept 02 $22…
$NUGT STO Sept 02 $22 for $1.30 and $22.6 for $1.10. If price continues much higher I will want to buy offsetting shares, with a trailing stop in case of reversal.
#SPXcampaign STO -SPX 7 OCT…
#SPXcampaign STO -SPX 7 OCT 16 2250/2275 CALL @1.55
$NUGT STO Sept 02 $21…
$NUGT STO Sept 02 $21 call for $1.75 earlier this morning. Trying to add $22 and $22.6 for additional premium. I have a long $36 call that I can sell a number of closer priced calls against. I plan to sell a small percentage today, then add various strikes each day until EOD Thursday when I expect to have a full (covered) position.
More SPX calls sold
#SPXcampaign Sold to Open $SPX Sept 15th 2215/2240 call spreads for 2.40, with SPX at 2178. This is the second part of my ITM roll from Friday; I needed an extra 1.60 to make up for the debit that the roll required to move up a strike. I usually fill that gap with puts, but since we are up today and call spreads have been working brilliantly, I replaced the call spread that closed early this morning with this roll.
SPX calls sold
#SPXcampaign Sold to Open $SPX Sept 30th 2245/2270 call spreads for 1.35, with SPX at 2177.
Perfect time to be selling call spreads. I had the same spread close this morning for .20 with 18 days to expiration, then able to sell one two weeks further out a couple hours later with only a small move in the underlying.
$SPX iron condor
STO SPX Oct 7 2260/2250/2010/2000 IC for 1.40.
Deltas of 1 on both legs. Trying to get back to disciplined trades.
Buying options uniformly lose me money, so selling is the way to go, even in low volatility.
If anyone here sees me buying a spread or other options, call me out and make me answer why. Thanks!
SVXY
BTC September 16, 31 puts @.05, sold @1.50
SVXY
BTC September 16, 30 puts @.05 sold @1.30 not much more to make on these and does free up capital.
Good morning
This market will probably be boring until the employment numbers on Friday.I will watch the first 30 minutes and then go to the gym.
SPX calls closed
#SPXcampaign In pre-market, Bought to close $SPX Sept 15th 2245/2270 call spreads for .20. Sold for 1.65 on Aug 15th.
#OptionsExpiration #Weeklys #Aug26 – an…
#OptionsExpiration #Weeklys #Aug26 – an interesting week and a volatile expiration day.
Despite the midweek drop in $NUGT my puts stayed just far enough out of the money to expire. $SVXY set a slightly higher YTD high on Friday, only to get crushed in the afternoon. I let more stock go in IRA accounts to raise even more cash.
— Expired —
CF (Weekly) Aug 26 2016 20.5 Puts
NUGT (Weekly) Aug 26 2016 16 Puts
NUGT (Weekly) Aug 26 2016 17 Puts
NUGT (Weekly) Aug 26 2016 18 Puts
NUGT (Weekly) Aug 26 2016 19 Puts
NUGT (Weekly) Aug 26 2016 20 Puts
NUGT (Weekly) Aug 26 2016 21 Puts
NUGT (Weekly) Aug 26 2016 21.6 Puts
NUGT (Weekly) Aug 26 2016 43 Calls
SRPT (Weekly) Aug 26 2016 10 Puts
SRPT (Weekly) Aug 26 2016 41 Calls
TIF (Weekly) Aug 26 2016 54 Puts
TIF (Weekly) Aug 26 2016 55 Puts
SVXY (Weekly) Aug 26 2016 57.5 Puts
SVXY (Weekly) Aug 26 2016 68 Puts
SVXY (Weekly) Aug 26 2016 71 Puts
UVXY (Weekly) Aug 26 2016 25 Calls
UVXY (Weekly) Aug 26 2016 25.5 Calls
UVXY (Weekly) Aug 26 2016 26 Calls
UVXY (Weekly) Aug 26 2016 27 Calls
UVXY (Weekly) Aug 26 2016 28.5 Calls
UVXY (Weekly) Aug 26 2016 38 Calls
UVXY (Weekly) Aug 26 2016 39 Calls
UVXY (Weekly) Aug 26 2016 40 Calls
UVXY (Weekly) Aug 26 2016 45 Calls
UVXY (Weekly) Aug 26 2016 55 Calls
UVXY (Weekly) Aug 26 2016 58 Calls
UVXY 20/(Weekly) Aug 26 2016 19 Calls
XOM (Weekly) Aug 26 2016 80 Puts
— Assignments —
DUST 20/(Weekly) Aug 26 2016 6 Calls (Covered)
SVXY (Weekly) Aug 26 2016 59 Calls (Covered)
SVXY (Weekly) Aug 26 2016 60 Calls (Covered)
SVXY (Weekly) Aug 26 2016 63 Calls (Covered)
SVXY (Weekly) Aug 26 2016 66 Calls (Covered)
Options Bistro 