$NUGT #ShortPuts #IRA – bought these two positions back at minimum value with no commission. This frees up cash in an IRA for other puts sales.
Bought to close 1 NUGT SEP 16 2016 29.0 Put @ 0.05 – originally sold for 2.50 on 05/19/2016
Bought to close 1 NUGT SEP 16 2016 28.0 Put @ 0.05 – also sold for 2.50 on 05/19/2016
So almost a $500 gain on a $5200 cash basis (taking into account the premiums up front) in 2.5 months. Not bad 🙂
I wish they were all this easy.
Quite a few segments on these. Think I’ll review a few tonight.
https://www.tastytrade.com/tt/learn/iron-fly
#SPXcampaign Bought to close $SPX Aug 12th 2050/2025 put spreads for .40. Sold for 2.75 on July 8th. This was an over-sized position that I didn’t want to leave out there now that the market has shown some volatility. A successful roll in my build-back of call spread losses.
$UVXY STO 8/5/16 28.50 CALLS, Put the order in, went to the Vet with my cat, came home, saw I was done, and $UVXY up 2.5 points. ;>( Sold it against a 28.00 rolled out PUT.
$UVXY STO 8/5/16 31.50 CALLS @,42
$UVXY STO 8/19/16 41.0 CALLS @1.08
Trying for the weekly 11/13/13/15 iron fly @ 1.30. Risking 70 to make 130 per fly. Expected move of 1.55 so selling just outside that. Possibility of a huge IV collapse on this one.
Trying for the weekly 74/77/77/80 iron fly @ 2.45. Risking 55 to make 245 per fly. Expected move of 3.90 but selling 3 wide so need a small move.
Similar to what we were talking about the other day…is this trade too late?
NEM Oct 2016 $45/$49 Diagonal Call Spread for $2.60 or better when NEM was trading at 45.44
Stop: 37.8 Stock Below (Stop at 37.8 )
Legs:
Buy 1 Oct 21 45 NEM Call
Sell 1 Sep 16 49 NEM Call
#SPXcampaign Bought to close $SPX Aug 3rd 2190 calls for .05. Sold as the 2190/2215 spread for 3.10 on July 22nd. Closed for margin management only.
#SPXcampaign Sold to Open $SPX Sept 2nd 2225/2250 call spreads for 1.40, with SPX at 2156.
As thomberg pointed out this morning…premium is through the roof on this thing. I’ve gotta give it a shot but defining my risk (remember CLSN or was it CLDX?)
Sold SRPT SEP 16 2016 12/10 Bull put spreads @ .80
$UVXY #ShortCalls – climbing the ladder for this week’s expiration
Sold UVXY AUG 5 2016 38.0 Calls @ 0.21
Promised myself I wouldn’t go naked on these anymore. Got squeezed pretty hard in Aug 2015 and a little last January. Didn’t like the feeling and it caused me to miss some really good opportunities in other places (like shorting VIX futures). Keeping these in an IRA and spreading a little closer to the money but no margin issues even if this thing goes to 100 again. Rolling strategy is to leave enough room to roll and widen slightly to allow a credit roll. This worked great during the Aug 2015 spike. Held a Dec 50/60 through that entire thing with no worries at all. Only regret was not selling more while they were in the money.
Sold to Open UVXY OCT 21 2016 40/50 Bear call spreads @ 1.00
I’ll sell more at the same strikes as UVXY rises…margin required is still the same so might as well be more aggressive on the sales.
Got another fill, STO Oct 21 $55 call @ $4.30
#VXXGame starting in with some highest strikes:
STO UVXY Aug 26th 58 call for 1.15
STO UVXY Sep 2nd 58 call for 1.80
STO UVXY Sep 9th 58 call for 1.80
STO UVXY Oct 21st 55 call for 4.25
Only a wee-bit covered since I have only 60 shares of stock.
#SPXcampaign Bought to close $SPX Aug 18th 2235/2260 call spreads for .60. Sold for 1.25 on July 18th.
Bought to close $SPX Aug 12th 2035/1985 put spreads for .60. These were told as two spreads, 2035/2010 for 1.30 on July 13th, and 2010/1985 for 1.25 on July 11th. Closing at once and a bit early to ease margin pressure should we continue dropping.
STO $NUGT Aug 19 $110 put @ $1.05
STO $SVXY Aug 12 $52 puts @ $0.50
STO $UVXY Aug 5 $34 calls @ $0.30 (was early on these)
STO $UVXY Aug 26 $58 call @ $1.05
STO $UVXY Sep 2 $58 call @ $1.50
STO $UVXY Sep 9 $58 call @ $1.80
$SVXY #ShortPuts – Sold SVXY Aug 5 2016 56.0 Puts @ 0.35. These expire Friday. Or I will take assignment.
I just sold stock yesterday @ 66.80
$UVXY #CoveredCalls #IRA – forgot one – Sold UVXY AUG 5 2016 32.0 Calls @ 0.56.
Will roll if required, but no margin issues
$UVXY #ShortCalls #VXXGame – these are all at the highest available strikes with the risk spread out to different expiration periods and all small trades. But I can’t pass up on the chance to sell.
Sold UVXY AUG 19 2016 60.0 Calls @ 0.63
Sold 1 UVXY AUG 26 2016 58.0 Call @ 1.10
Sold 1 UVXY SEP 2 2016 58.0 Call @ 1.50
Sold 1 UVXY SEP 16 2016 56.0 Call @ 2.36
Sold 1 UVXY OCT 21 2016 55.0 Call @ 4.05
Sold 1 UVXY MAR 17 2017 60.0 Call @ 7.70
$UVXY #CoveredCalls #IRA – since these can easily be rolled, and are covered, I sold all these today with the stock between 27 and 27.50.
UVXY AUG 5 2016 31.5 Calls @ 0.54
UVXY AUG 5 2016 34.0 Calls @ 0.29
UVXY AUG 5 2016 37.0 Calls @ 0.17
UVXY AUG 5 2016 37.5 Calls @ 0.19
These will probably expire in 3 days
STO December 32 puts @1.90
Following trade from @optioniceman from yesterday.
Sold $UVXY Aug 12 58 calls @ .24. Highest strike.
Maybe this volatility coming in will help with earnings trades premium tomorrow. Today looks better than yesterday now. PCLN iron fly selling for 55 bucks on a 70 wide. Risking 15 to make 55 on a slightly less than expected move. MMM now showing 78. Maybe super wide iron condor the safer play? Still looking at TSLA….hopefully Jeff will take a look at these before the close tomorrow.
SRPT saw a trade at TT on this ticker. Premium seems to be really high, scary high, temptingly high…
Did this as an anger trade…LOL (not really…just irritated). Was starting to look like this thing was gonna go right back to single digits without a chance to do anything. Right after the split I sold Sep 35/45 bear call spreads for 1.55 on a rare uptick.
Bought ’em back today for 1.05 since they are a little too close for comfort and volatility looks to be perking up a little. Made some beer money and looking to re-load higher…
STO December 40 puts @3.20
STO 2, August 12, 155 puts @6.30
I am short enough calls so would like to get long some stock to have a covered call position instead of naked calls.
Finally starting to see some selling in the market now. Will be looking for entries to sell some $UVXY calls.
Next week expiration:
Bought 1 180 call and sold 2 155 puts for 1.52 credit. Overall NUGT position still short but playing this breakout with shorter term puts. Still strangles for Aug and Sep with calls that are in the money now. I’ll see how these puts play out before any aggressive rolls on the put side of those strangles…
CMI #earnings closed August 5 iron condor for .84 sold yesterday for 1.51.
Great review of the tastytrade inverted strangle strategy this morning. May try it on one of my NUGT positions…
Options Bistro 