Lost 33 dollars playing with NUGT in the TOS Active Trader tab. Seems like some interesting possibilities once you get the hang of it…
Daily Archives: Monday, August 1, 2016
STX #earnings bought an Aug….
STX #earnings
bought an Aug. 19 33 call and 26 put, playing a big move, 1.03 for the call, .19 for the put, have an in the money covered call position for August as well
TRADES:
$CY STC STOCK @11.63 Was making me nervous. ;>)
$CY BTC 8/19/16 12.0 CALLS @.35 Made 55% of the premium.
$SVXY STO 8/ 5/16 68.5 CALL @1.10 Will make this a buy/write if stock moves up by Friday.
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY Aug 12 2016 58.0 Calls @ 0.24. Only 9 more trading days until expiration with the stock at 25.
Highest available strike
$XOM $RIG #ShortPuts #FallingKnife -…
$XOM $RIG #ShortPuts #FallingKnife – sold these on the oil weakness
Sold XOM Aug 26 2016 80 Puts @ 0.37 – these have only a few weeks until expiration
Sold $RIG Nov 18 2016 7 Puts @ 0.29 – longer term with the strike below the YTD low
DIA followed a TT trade,…
DIA followed a TT trade, Sept 16 long put spread 185/181, it will go down sometime before the middle of September-right?
CMI #iron condor Sold an…
CMI #ironcondor
Sold an Aug 5 115/105/124/126 condor for 1.51. I set it up as a jade lizard and added the long put for margin, profitable between 113.50 and 125.50, a little risky.
Gold doing nothing, $NUGT’s got…
Gold doing nothing, $NUGT’s got mojo, go figure.
SVXY
STO September 2, 57 put @2.60 and 58 put @2.80
STO December 35 put @2.10
SPX puts sold
#SPXcampaign Sold to Open $SPX Aug 18th 2110/2085 put spreads for 2.50. This order filled at the low tick of the day, 2166.
$SVXY #CoveredCalls #ShortCalls – responding…
$SVXY #CoveredCalls #ShortCalls – responding to margin pressure in my account I made the following moves:
Sold SVXY @ 66.80
Rolled SVXY AUG 12 2016 61.0 Calls @ 7.12 to SVXY JAN 19 2018 95.0 Call @ 10.00 for a 2.88 Credit.
That will leave the long term calls short but with a strike price near the all-time high on the stock.
$NUGT
STO Aug 12 120/230 strangle @ $2.45
NUGT roll
Was short this week’s 155/165 strangle from a roll last week. Don’t want to let the call get in the money so rolled to next week’s 180 call for even. Leaving this week’s 155 put where it is for now. Position is about delta neutral. Watching for now…
Rolling up NUGT put hedge
Rolled Aug 19 110 puts up to Aug 19 125 puts for 2.20 credit.
$VIX $SPX – http://www.bloomberg.com/news/articles/2016-08-01/insuring-against-a-market-selloff-just-keeps-getting-cheaper
$VIX $SPX – http://www.bloomberg.com/news/articles/2016-08-01/insuring-against-a-market-selloff-just-keeps-getting-cheaper
BMY earnings closed
#Earnings STC $BMY stock for 75.98. Sold a condor on earnings for 1.06… closed most at a small loss on Friday but kept some stock, sold now at 75.98 (cost basis about 75.60). Trade now break-even overall.
CMI earnings
#Earnings The $CMI Aug 5th 112/132 strangle is an option… Over last 3 years, CMI’s 5-day moves after ernings: Biggest UP move: 8.6% , Biggest DOWN move: -7.7% , Average move: 5.2% . Ten points OTM is about 8.2%, so some risk but a decent shot if you’re comfortable with naked options. Or you cold try a condor, maybe one strike closer, but that’s pretty low premium.
SPX trades
#SPXcampaign Sold to Open $SPX Sept 2nd 2040/2115 put spreads for 1.35.
Bought to close $SPX Aug 12th 2235/2260 call spreads for .30
Happy August & good morning from San Francisco!
My wife ran the SF marathon on Sunday… new personal record: 3:22:59… 1st place among women 45-49. So proud of her! Next up: Boston marathon next April.
Options Bistro 