NUGT call spread closed Sept 16 240/250 for 7, sold July 29 for 1.29. Many thanks to you NUGT traders.
INTU closed Intuit earnings iron fly put on yesterday, made $33. INTU went way down after earnings, thought it best to exit.
Daily Archives: Wednesday, August 24, 2016
NUGT
STO December 60 put @6.30
SPX only .5% down… VIX…
SPX only .5% down… VIX up but not dramatically. Nothing like Aug 24th of last year!
SPX puts sold
#SPXcampaign Sold to open $SPX Sept 15th 2065/2040 put spreads for 1.30, with SPX at 2175.
$NUGT #ShortPuts Sold 1 NUGT…
$NUGT #ShortPuts
Sold 1 NUGT AUG 26 2016 90.0 Put @1.38
Sold NUGT AUG 26 2016 85.0 Puts @ 0.75
Sold NUGT AUG 26 2016 80.0 Puts @ 0.36
NUGT
BTC December 185 call @11.10, my cost was 11.24 so I broke even on this one but took the risk off the table.
NUGT
BTC December 250 call @5.80, sold @21.94
SPX short-term puts sold
#SPXcampaign Sold to Open $SPX Aug 29th 2140/2115 put spreads for 1.50, with SPX at 2178. My first Monday-expiring SPX spread!
$SVXY
Since most of my long stock has been called away sold 1 Sept 60 Put @ 1.15. Sort of a signal flare to bring my mind back to this.
NUGT implodes
Wow, total panic selling… 20% down! GDX 6.9% down. GLD only 1.1% down.
SVXY closed Sept 80/85 call spreads made 50%
GDXJ closed Sept. 50/55 call spread for 50%
TWTR Rolled Sept 18 calls to Oct 20 calls for a debit, time to short TWTR now
SQ bought 100 shares of Square, mobile billing company, for 12.26, I’ll sell when it reaches AMZN numbers.
Taking some more NUGT off the table
Bought to close Dec 16 220 call @ 9.00. Sold for 36.00 on 7/5.
NUGT…rumor
Heard they were announcing a reverse split even before the forward split happens…LOL! Looks like massive panic selling setting in. Crazy!
NUGT call closed
#ContangoETFs BTC $NUGT Sept 16th 180 call for 1.50. Sold for 9.20 on 6/3.
Looking to #StrangleRoll my Sept 9th 120 put.
SRPT
I had a successful strangle and the the good angel in one ear says move on, the devil in the other says go back for more. In Nov expiry over 3,000 40 calls and 4,000 40 puts changed hands today, big numbers for this ticker with the exception of 4,000 Aug. 26 30 calls. The stock is at 28. The company is waiting on a ruling on a drug for MD I believe. It’s up 7% today, high volume. An AAPL spread would be easier but not as exciting.
CMG…taking a shot
Talked about doing this last week and trading it similar to NUGT. Wish I would’ve so jumping in now. Weekly options with decent premium. Staying small and slightly closer to the money and adjusting if needed. Skewing this starter slightly to the upside.
Sold 1 CMG SEP 16 2016 385/435 Strangle @ 5.68
SPX puts sold
#SPXcampaign Sold to Open $SPX Sept 23rd 2050/2025 put spreads for 1.25, with SPX at 2183.
DG earnings
#Earnings Low cost BULLISH earnings trade on $DG. Bought to open DG Aug 26th 93.5/95.5/97.5 call butterfly for .30. Current price 91.70, expected move 4.05. This trade is at 4.2% up, which is the expected move and the average move on earnings. Max gain about 1.70.
Over last three years, Biggest UP move: 10.7%, Biggest DOWN move: -3.2%, Average move: 4.1%.
NUGT straddle
Was sitting on a 160/160 straddle for this Friday. Sure looks like the market is pricing in a Sep. rate hike. Who woulda thought that a quarter point could devastate the miners…LOL. I would normally be rolling calls down but with Janet showing up Friday I’m gonna wait. If no Sep. hike will we see a bounce?
Bought to Close NUGT AUG 26 2016 160.0 Call @ .20 (part of 160 straddle @ 18.15)
Bounce or not, I’ll eventually roll the call out a couple weeks and down as far as I can for even…then sell whatever call(s) that will bring in 8-10 dollars. For now it’s looking like the new position will be somewhere around Sep 9th 155/130 inverted @ 27.00
The experiment continues…occasional little drawdowns but cash balance consistently increasing…
$SVXY #CoveredCalls – Early assignment…
$SVXY #CoveredCalls – Early assignment last night on 5 SVXY Aug 26 2016 63.0 Calls in an IRA account. I probably wasn’t going to roll them anyway. Originally sold @ 4.55.
More cash reserves for the pullback that I hope is coming
I’m bored…bought call $LABU
Biotech wants to breakout, I’m bored with this market, so bought, yes bought, call.
BTO Oct 21 50C for 4.70. Delta 0.47.
Will try to keep a tight reign on this if it slips, but have 58 DTE.
Boredom usually gets me in trouble, but this looks pretty good.
$NUGT Rollout
Rolled $NUGT Aug 26 135 puts down and out to Sep 16 125 puts for 2.35 credit.
$TWLO #ShortCalls – saw an…
$TWLO #ShortCalls – saw an interesting segment on Fast Money about this recent IPO.
Sold TWLO Sep 70 Calls @ 0.75 as an initial position. Trying to add more
$NUGT #ShortCalls – Bought to…
$NUGT #ShortCalls – Bought to Close 1 NUGT JAN 20 2017 185.0 Call @ 23.00 for a slight profit.
This is my last long term short call on NUGT
$/GC
Someone sold way more gold than the market could absorb during the thinly traded premarket and tanked it @ 8:40am.
Good morning
Only 2 more days until Yellen.
Options Bistro 