$UVXY #ShortCalls #VXXGame – Sold UVXY Oct 21 2016 55.0 Calls @ 2.05. This is the highest available strike price and represents almost 10% of the underlying equity, currently at 21.30
Daily Archives: Wednesday, August 10, 2016
RGLD earnings
#Earnings Sold to Open $RGLD Aug 19th 87.5/85 put spreads for 1.25. A partially ITM bullish spread, playing the trend and gold bullishness. Also, if it drops on earnings, it will have 10 days to recover. 1:1 risk/reward.
NUGT
STO October 21, 120 put @13.10
Still trying to get long against my short call positions.
$UVXY #ShortCalls – getting some…
$UVXY #ShortCalls – getting some more done on the move to 22 in UVXY
Sold UVXY AUG 19 2016 34.0 Calls @ 0.24 – these expire next week
Sold UVXY AUG 26 2016 40.0 Calls @ 0.43
SPX call spread closed
#SPXcampaign Bought to close $SPX Aug 18th 2225/2250 call spreads for .20. Sold for 1.55 on July 22nd.
NUGT hedge
Sold $NUGT Sep 2 120 puts (delta 10) @ 3.10. This is additional hedging against my large short call position in September.
SHAK earnings
Haven’t decided yet if I’ll do it. Iron fly 2.5 wide for 1.90. Risk 60 to make 190. MMM of 2.75. Could also widen to 3 for not much more risk…
$UVXY
STO $UVXY Aug 12 $25 calls @ $0.20
STO $UVXY Aug 19 $34 calls @ $0.20
STO $UVXY Aug 26 $34 calls @ $0.51
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold UVXY Sep 16 2016 56.0 Calls @ 0.78. Highest available strike price
$NUGT BTC Aug 19 $170…
$NUGT BTC Aug 19 $170 $12.50, sold 30 minutes earlier for $14.50
UVXY closed
#VXXGame, earlier at the opening low, BTC UVXY Sept 9th 58 call for .34. Sold for 1.80 on Aug 2.
SPX puts sold
#SPXcampaign One standard campaign spread and one partial roll
Sold to Open $SPX Sept 9th 2060/2035 puts for 1.25, with SPX at 2176.
Sold to Open $SPX Sept 2nd 2125/2100 puts for 2.75, with SPX at 2178.
/ES eminis hedge
Yesterday:
SOLD 2 Sep futures @ 2176.75
SOLD 2 Aug 17 2170 puts @ 9.75
Bought 4 Aug 17 2195 calls @ 4.45
After looking a lot closer at this last night I decided the max loss wasn’t worth the potential gain so closed it all this morning for a scratch. Watching TT last night a couple guys on there had what I felt was a much better hedge. Lower cost and higher reward than what I was trying. They were going out to Sep and just buying VIX 15/20 call spreads. Only paying about 85 cents so much better R/R than my futures trade.
I haven’t bought those yet but might if we get a pullback in VIX closer to 11…
DIS KORS YELP earnings
DIS 93.5/96/96/98.5 iron flies @ 1.93 (closed for 1.20)
KORS 46.5/50/50/53.5 iron fly @ 2.70 (closed for 1.55)
YELP 29.5/32.5/32.5/35.5 iron flies @ 2.39
YELP outside the move so waiting a little on it. Could get out at .50 loss right now. Since max loss is only .61 I’ll watch it awhile. Like to get out at a scratch but even if taking max loss the 3 trades combined are profitable. Could possibly roll the calls or take short position in the stock while waiting for reality to set in for YELP…LOL
Another NUGT put rollup
Rolled $NUGT Aug 26 110 puts up to 135 puts for 2.51 credit.
SKEW is up
For the first time since June, the SKEW went above 135.00 yesterday. SKEW is often a predictor of corrections (readings above 135) or rallies (below 120). On this chart, SKEW is in red, SPY in yellow. You can see a pop to 140 preceded the late June pullback from Brexit.
Options Bistro 