#earnings TGT sold Sept. 16 70/75/75/80 iron fly for 3.23 had to go out in time not sure I’ll be able to actively manage this Friday
Daily Archives: Tuesday, August 16, 2016
HTZ closed a 40/57.50 earnings…
HTZ closed a 40/57.50 earnings trade strangle for 70, sold Aug 8 for 138
PCLN rallying
PCLN rallying
JNJ Followed a TT iron…
JNJ
Followed a TT iron fly/iron condor 115/120/120/125 for Sept. 16 for 3.04
SPX calls closed
#SPXcampaign Bought to close $SPX Aug 26 2230/2255 call spreads @ .20. Sold on Aug 5 @ 1.50.
SPX calls closed
#SPXcampaign Bought to close $SPX Aug 26th 2230/2255 call spreads for .20. Sold for 1.45 on July 29th.
SPX puts sold
#SPXcampaign Sold to Open Aug 26th 2150/2125 put spreads for 2.70, with SPX at 2179. An extra short-termer offsetting calls I previously sold at this expiration.
SVXY Roll
BTC August 26, 60 calls, STO December 70 calls for a credit of 0.50 cents.
SVXY Roll
BTC August 18 58 calls and STO December 68 calls even, just commissions.
$NUGT legged in to BeCS…
$NUGT legged in to BeCS Aug 19 170/180 today for $2,20, 2.40 credits. What a mover, may be able to close today for partial profit.
$UVXY added to my position…
$UVXY added to my position at $20.99 earlier this morning. Slowly bringing down my basis after I was put at $9 pre-split ($45 now).
NUGT inversion for this week
180/155 inverted strangle for Friday…There’s only about 4 dollars of premium left in it. Wondering how far to push my luck before (or if) rolling. Since both sides are in the money I may do something a little sooner. These would be perfect for someone to hit me with an early exercise. On the bright side the entire position is sitting at breakeven.
Looking back this thing started out around 80/120. Rolled both sides up for awhile staying fairly even each roll. Finally got to the point where premium couldn’t keep up with roll cost and had to invert. So far so good. I’m gonna be stubborn and keep the trade going and try to “un-invert” it eventually…LOL
EDIT…the advantages of staying small allows this in an account my size. Thanks to TT for beating that into my head over and over!
LOW earnings
#Earnings Sold to Open $LOW Aug 19th 79.5/81.5/83.5 iron butterfly for 1.48. Max risk .52. Over last 3 years, Biggest UP move: 6.4%, Biggest DOWN move: -6.2%, Average move: 3.0%. Price needs to be at less than a 2% move in either direction by Friday’s close to profit.
NUGT…next week again
Little bounce there and needing some short deltas…gets all the strangles balanced again.
Sold NUGT AUG 26 2016 180.0 Call @ 6.40
$NUGT – all over the…
$NUGT – all over the map today. Up 12 in the premarket and now down 2
$UVXY #ShortCalls – Sold the…
$UVXY #ShortCalls – Sold the following for to add to my previous trades for Friday’s expiration. Easy to roll if they get in the money.
UVXY AUG 19 2016 26.5 Calls @ 0.12
UVXY AUG 19 2016 27.0 Calls @ 0.11
I wonder where SVXY will be if these get in the money … 🙂
HAIN in pain
#FallingKnife trade, anyone? Or more like falling anvil?
SVXY
STO September 23, 50 puts @1.15, I expect to be called out of some of my positions this week so replacing some near the 200 day MA.
$UVXY #CoveredCalls #IRA – Sold…
$UVXY #CoveredCalls #IRA – Sold the following for this week in various IRA accounts. No margin pressure, and easy to roll if they get in the money.
UVXY AUG 19 2016 24.5 Calls @ 0.21
UVXY AUG 19 2016 25.0 Calls @ 0.20
UVXY AUG 19 2016 25.5 Calls @ 0.18
UVXY AUG 19 2016 26.0 Calls @ 0.15
SPX puts sold
#SPXcampaign Sold to Open Sept 15th 2075/2050 put spreads for 1.60, with SPX at 2180.
$SVXY #ShortCalls #Rollup – since…
$SVXY #ShortCalls #Rollup – since my account seems to come under margin pressure every time SVXY approaches 74, I put in this diagonal rollup spread last week. It finally filled.
Bought to close SVXY Sep 16 2016 60.0 Calls @ 13.99
Sold SVXY Jan 19 2018 95.0 Calls at 14.22.
Cash flow positive at a 0.23 Credit and bumped the strike price 35 points. Gives me some room to maneuver for margin purposes.
Good Morning
Is today the beginning of the correction???
Options Bistro 