Option Iceman 1:19 pm on Friday, August 26, 2016
Tags: Aug26, OptionsExpiration ( 794 ), Weeklys ( 104 )

#OptionsExpiration #Weeklys #Aug26 – an…

#OptionsExpiration #Weeklys #Aug26 – an interesting week and a volatile expiration day.

Despite the midweek drop in $NUGT my puts stayed just far enough out of the money to expire. $SVXY set a slightly higher YTD high on Friday, only to get crushed in the afternoon. I let more stock go in IRA accounts to raise even more cash.

— Expired —
CF (Weekly) Aug 26 2016 20.5 Puts

NUGT (Weekly) Aug 26 2016 16 Puts
NUGT (Weekly) Aug 26 2016 17 Puts
NUGT (Weekly) Aug 26 2016 18 Puts
NUGT (Weekly) Aug 26 2016 19 Puts
NUGT (Weekly) Aug 26 2016 20 Puts
NUGT (Weekly) Aug 26 2016 21 Puts
NUGT (Weekly) Aug 26 2016 21.6 Puts
NUGT (Weekly) Aug 26 2016 43 Calls

SRPT (Weekly) Aug 26 2016 10 Puts
SRPT (Weekly) Aug 26 2016 41 Calls
TIF (Weekly) Aug 26 2016 54 Puts
TIF (Weekly) Aug 26 2016 55 Puts

SVXY (Weekly) Aug 26 2016 57.5 Puts
SVXY (Weekly) Aug 26 2016 68 Puts
SVXY (Weekly) Aug 26 2016 71 Puts

UVXY (Weekly) Aug 26 2016 25 Calls
UVXY (Weekly) Aug 26 2016 25.5 Calls
UVXY (Weekly) Aug 26 2016 26 Calls
UVXY (Weekly) Aug 26 2016 27 Calls
UVXY (Weekly) Aug 26 2016 28.5 Calls
UVXY (Weekly) Aug 26 2016 38 Calls
UVXY (Weekly) Aug 26 2016 39 Calls
UVXY (Weekly) Aug 26 2016 40 Calls
UVXY (Weekly) Aug 26 2016 45 Calls
UVXY (Weekly) Aug 26 2016 55 Calls
UVXY (Weekly) Aug 26 2016 58 Calls
UVXY 20/(Weekly) Aug 26 2016 19 Calls

XOM (Weekly) Aug 26 2016 80 Puts

— Assignments —
DUST 20/(Weekly) Aug 26 2016 6 Calls (Covered)
SVXY (Weekly) Aug 26 2016 59 Calls (Covered)
SVXY (Weekly) Aug 26 2016 60 Calls (Covered)
SVXY (Weekly) Aug 26 2016 63 Calls (Covered)
SVXY (Weekly) Aug 26 2016 66 Calls (Covered)

Jeff 1:16 pm on Friday, August 26, 2016
Tags: OptionsExpiration ( 794 )

Options Expiration 8/26/16

#OptionsExpiration

— Expiring —
NUGT 36 & 40 calls
SPX 2150/2125 put spreads

— Assignment —
NUGT 22 put – one I forgot to close, so taking some stock

— Full Loss —
DG 93.5/95.5/97.5 call butterfly. Did I say bullish? I meant bearish. .30 loss.

Escrow closes in two weeks. Until then we are staying in a friend’s basement. See you Monday everyone!

Jeff 1:10 pm on Friday, August 26, 2016
Tags: SPXcampaign ( 2,265 )

SPX calls sold

#SPXcampaign Sold to Open Sept 9th 2210/2235 call spreads for 1.70.

Jeff 1:09 pm on Friday, August 26, 2016
Tags: Rolling ( 447 ), SPXcampaign ( 2,265 )

SPX continuing ITM roll experiment

#SPXcampaign Bought to close $SPX Sept 2nd 2140/2165 call spreads for 19.10. Sold last Friday for 20.45. Sold to Open $SPX Sept 9th 2145/2170 calls for 17.50.

#Rolling myself out one week at a time, one strike higher each time. Making up the loss in the roll (in this case 1.60) by adding an extra put spread.

tabortrader 1:04 pm on Friday, August 26, 2016
Tags: OptionsExpiration ( 794 )

$SPX Aug 26 2145/2140 put…

$SPX Aug 26 2145/2140 put spreads opened yesterday @ .25 expired worthless.

Have a great weekend everyone. #optionsexpiration

Kelly 1:04 pm on Friday, August 26, 2016
Tags: OptionsExpiration ( 794 )

Options Expiration

Here are my expirations for this week. If it hadn’t been for the $NUGT meltdown, would have been a pretty good week.

$NUGT $16 puts
$NUGT $38 calls
$NUGT $50 calls
$SVXY $40 puts
$SVXY $45 puts
$UVXY $27 calls
$UVXY $34 calls
$UVXY $58 calls

#optionsexpiration

Option Iceman 1:00 pm on Friday, August 26, 2016
Tags: ShortPuts ( 4,763 )

$NUGT #ShortPuts – Bought to…

$NUGT #ShortPuts – Bought to close NUGT Aug 26 2016 21.8 Puts (the old 109 Puts) @ 0.05 to avoid possible assignment

jsd501 1:00 pm on Friday, August 26, 2016

Weekend

I have no expirations this week so everyone have a nice weekend.

Option Iceman 12:20 pm on Friday, August 26, 2016
Tags: ShortCalls ( 979 ), VXXGame ( 769 )

$UVXY #ShortCalls #VXXGame – sold…

$UVXY #ShortCalls #VXXGame – sold these on the move to 22 in UVXY
Sold UVXY Sep 2 2016 32/32.5/33 Calls – all at 0.22
Sold UVXY Sep 16 2016 45/46 Calls @ 0.37

jdietz1954 12:15 pm on Friday, August 26, 2016

$NUGT

Sold this morning Sept 16th 18 Puts for 0.60 on a smarty pants idea. Well I closed them out at 1.05 to insure a peaceful weekend.

jdietz1954 12:14 pm on Friday, August 26, 2016

$SVXY

Yowser! I went to run errands after the morning’s non-event and came back to the pullback. I elected to buy back my Aug 26 67 calls for 2.40. Originally sold for 6.10 on a roll out and up from Aug 5th 65 Calls. I’m still not premium even on these yet but I will cover these up again next week if appropriate. The puppy is profitable with 2 new squeaky balls so all is good in the hood.

Option Iceman 11:45 am on Friday, August 26, 2016
Tags: CoveredCalls ( 2,200 ), OptionLadder ( 132 )

SVXY #CoveredCalls – in my…

SVXY #CoveredCalls – in my account with the 3:1 short call to stock ratio, I rolled this week’s calls out to a new week to keep my #OptionLadder going.
Bought to close SVXY Aug 26 2016 65.0 Calls @ 5.56
Sold SVXY Oct 07 2016 73.5 Calls @ 5.66.
Covered commissions on the switch and moved the strike price up 8.5 points.
One of these days I’ll let one of these weekly calls get assigned — or — one will actually expire.

thomberg1201 11:38 am on Friday, August 26, 2016

TSLA Call Spread

Taking advantage of PRVtrader’s colorful chart, sold Sept 16 230/240 for 1.23 with TSLA at 220.

Jeff 11:37 am on Friday, August 26, 2016
Tags: ContangoEYFs

NUGT escape attempt

#ContangoEYFs was hoping to get out of these at expiration but having to pay a bit for it. Originally sold for 1.20, effective price (pre-split).

BTC NUGT Aug 26th 22 puts for .25, .70, and possibly more for the rest off it keeps dropping.

Meantime, STO NUGT Sept 23rd 18 puts for 1.50.

Kelly 11:33 am on Friday, August 26, 2016

$UVXY

STO Sept 9 $34 calls @ $0.41

Option Iceman 11:32 am on Friday, August 26, 2016
Tags: ShortPuts ( 4,763 )

$SVXY #ShortPuts – more gifts…

$SVXY #ShortPuts – more gifts 🙂
Sold SVXY Sep 2 2016 57.5 Puts @ 0.20 with the stock at 69.45
Sold SVXY Sep 2 2016 57.0 Puts @ 0.20 with the stock at 69.20
Sold SVXY Sep 2 2016 56.5 Puts @ 0.20 with the stock at 69.17

jsd501 11:30 am on Friday, August 26, 2016

SVXY

Finally breaking below the trading level of the past 2 weeks. How low can we go? Let’s get that VIX up and away.

fuzzballl 10:58 am on Friday, August 26, 2016

NUGT….whew!

Can’t believe how lucky I’m getting here. Right at the close yesterday sold a boatload (an NS term…LOL) of 22 strike calls for today @ 1.05. Only in my wildest dreams would I think that 22 would be anywhere close after the “Uncle Janet piehole situation”. Apparently J-hole is a no go but the market is still concerned keeping gold confused. I’m looking to roll staying aggressive with the 22 strike to protect my Sep ITM puts. Building a nice cash cushion here to decide what to do with the puts at Sep expiration.

Kelly 10:54 am on Friday, August 26, 2016

$NUGT

STO Sept 2 $27 calls @ $0.35

Looking for some additional short term entries. I think there is a lot of resistance to chew through between $22 and $27. Will roll up if needed. Not sure yet if I will pair these off with short puts or not. If $NUGT starts to firm up, I might, otherwise I’m sticking with short calls. I don’t know if $NUGT has a further big short term drop coming as it already has had a sizable one. I just don’t know what the catalyst is for a move much higher. Wednesdays sell off was on very high volume. Thursday’s bounce was on barely average volume and today looks to be another big red high volume candle. So people were selling into strength. If gold drops below $1320’ish, then I think we are looking at another leg lower in the miners.

tabortrader 10:38 am on Friday, August 26, 2016
Tags: SPXcampaign ( 2,265 )

$SPX call spreads closed

#SPXcampaign Bought to close $SPX Sep 16 2250/2275 call spreads @ .20, sold @ 1.35 on Aug 15. Calls all gone, remaining three positions are puts!

Kelly 10:02 am on Friday, August 26, 2016

$SVXY

STO Sep 9 $58 puts @ $0.50

Kelly 9:52 am on Friday, August 26, 2016

$NUGT

I missed the whole move while I was in meetings. STC $NUGT $23.5/$25.5 call spreads @ $0.55 (Bought for $0.65 yesterday). This would have been nicely profitable for a while it looks like. But as was my plan, I’m out. Took a shot and only cost me $0.10.

Jeff 9:47 am on Friday, August 26, 2016
Tags: SPXcampaign ( 2,265 )

SPX puts sold

#SPXcampaign Sold to Open $SPX Sept 23rd 2040/2015 put spreads for 1.40. Sold the second half of the weekly campaign today; calls earlier on the pop up and now the puts on the drop down.

Option Iceman 9:45 am on Friday, August 26, 2016
Tags: ShortPuts ( 4,763 )

$SVXY #ShortPuts – more gifts…

$SVXY #ShortPuts – more gifts 🙂
Sold SVXY Sep 2 2016 58.0 Puts @ 0.25 with the stock at 70.64 and a week to go until expiration.

Option Iceman 9:41 am on Friday, August 26, 2016
Tags: CoveredCalls ( 2,200 ), Rollup ( 121 )

$SVXY #CoveredCalls #Rollup – did…

$SVXY #CoveredCalls #Rollup – did the following rollup with the stock at 71
Bought to close SVXY Aug 26 2016 69.0 Calls @ 1.94
Sold SVXY Sep 02 2016 71.0 Calls @ 2.19
I bumped the strike price up 2 points and added a 0.25 credit to my account while only adding one week to my holding period.
I was going to let this position get assigned but the collapse in the stock from 74.24 to 71 made the roll too attractive. And I made money on the calls that I covered. Win-Win

Jeff 9:26 am on Friday, August 26, 2016
Tags: SPXcampaign ( 2,265 )

SPX more calls closed

#SPXcampaign Bought to close $SPX Sept 9th 2240/2265 call spreads for .20. Sold for 1.35 on Aug 9.
Bought to close $SPX Aug 31st 2210/2235 call spreads for .20. Sold for 3.60 on Aug 11.

thomberg1201 9:24 am on Friday, August 26, 2016

IBB Call Spread

Sold Sept 16 300/310 for 1.03. IBB has touched 300 recently but hasn’t been above since January, currently at 284.

ncroadrunr 9:17 am on Friday, August 26, 2016

$NUGT

I traded out of my short Aug 26 $28 puts to Sep 09 $20/28 call spread 0.60 db and 1.5:1 size reduction (in IRA), and Sep 16 $20/33 call spread 1:1 size for 0.45 db. I expect NUGT to continue decline eliminating/reducing my giant losses. to be continued…..

Option Iceman 9:00 am on Friday, August 26, 2016
Tags: LongStock ( 80 )

$SVXY #LongStock – an old…

$SVXY #LongStock – an old GTC order with a limit at the old YTD high of 74.16 filled during the Yellen madness.
Sold SVXY @ 74.16. This sale was 10% of my remaining position.

tabortrader 8:49 am on Friday, August 26, 2016
Tags: SPXcampaign ( 2,265 )

SPX Call Spreads Closed

#SPXCampaign
Bought to Close SPX Sep 9 2240/2265 call spreads @ .20 sold on Aug 9 @ 1.35.

Option Iceman 8:08 am on Friday, August 26, 2016
Tags: Rollup ( 121 ), ShortCalls ( 979 )

$DUST #ShortCalls #Rollup – the…

$DUST #ShortCalls #Rollup – the split complicated matters but this roll was still also slightly cash flow positive.
Bought to close 10 DUST(ns) Aug 26 2016 5.5 Calls @ 0.90
Sold 2 DUST Sep 09 2016 30.0 Calls @ 4.60
This one was harder because it was further in the money.

Option Iceman 7:52 am on Friday, August 26, 2016
Tags: ShortPuts ( 4,763 )

$GDX #ShortPuts – Bought to…

$GDX #ShortPuts – Bought to close GDX Aug 26 2016 28.0 Puts @ 0.18 to avoid assignment.
Originally sold for an average of 0.22, so a slight profit on the trade. Thanks Janet.

Option Iceman 7:47 am on Friday, August 26, 2016
Tags: Rollup ( 121 ), ShortCalls ( 979 )

$DUST #ShortCalls #Rollup – the…

$DUST #ShortCalls #Rollup – the split complicated matters but the roll was still slightly cash flow positive
Bought to close 10 DUST(ns) Aug 26 2016 6.0 Calls @ 0.40
Sold 2 DUST Sep 02 2016 33.0 Calls @ 2.30

Option Iceman 7:43 am on Friday, August 26, 2016
Tags: CoveredCalls ( 2,200 ), Rollup ( 121 )

$SVXY #CoveredCalls #Rollup – did…

$SVXY #CoveredCalls #Rollup – did the following rollup with the stock at 73.86
Bought to close SVXY Aug 26 2016 69.0 Calls @ 4.58
Sold SVXY Oct 07 2016 75.0 Calls @ 5.13.
I bumped the strike price up 6 points and added a 0.55 credit to my account.
My first trade in this new weekly contract and the strike price is above the YTD high.

thomberg1201 7:43 am on Friday, August 26, 2016
Tags: Earnings ( 3,108 )

GME #earnings sold Sept 16…

GME #earnings
sold Sept 16 GME 32 put for 2.75, bought yesterday for 1.89, need GME to come back some, have a 32/36 BuPS for Sept, not looking good.

jsd501 7:35 am on Friday, August 26, 2016

SVXY

BTC September 2, 57 puts @0.10

Jeff 7:33 am on Friday, August 26, 2016
Tags: SPXcampaign ( 2,265 )

SPX calls closed

#SPXcampaign Bought to close $SPX Sept 2nd 2225/2250 call spreads for .20. Sold for 1.50 on Aug 2nd.

prvtrader 7:32 am on Friday, August 26, 2016

Flat into Monday.

I closed my JPM BuCS for a huge profit of 7 cts pp….So now I’m totally flat.
We’ll trade again on Monday.

Jeff 7:20 am on Friday, August 26, 2016
Tags: ContangoETFs ( 446 )

NUGT calls

#ContangoETFs Starting to replace the puts I closed earlier: STO NUGT Sept 23rd 30 calls for 1.70.

Jeff 7:19 am on Friday, August 26, 2016
Tags: SPXcampaign ( 2,265 )

SPX calls sold, puts closed

#SPXcampaign Sold to Open $SPX Sept 23rd 2240/2265 calls for 1.65

Bought to close $SPX Aug 29th 2140/2115 put spreads for .20. Sold on Wednesday for 1.50.

Jeff 7:15 am on Friday, August 26, 2016

Reaction…

After taking some initial hits, Gold, S&P, Bonds, and Financials are all up now.

jsd501 7:14 am on Friday, August 26, 2016

NUGT

Following Iceman, STO December 52 calls @1.30

jsd501 7:12 am on Friday, August 26, 2016

Yellen

This is much ado about nothing.

tabortrader 7:09 am on Friday, August 26, 2016

Yellen: “Case for raising rates…

Yellen: “Case for raising rates has strengthened in recent months but no signal of September move…” USA Today

Jeff 6:59 am on Friday, August 26, 2016
Tags: ContangoETFs ( 446 )

Closing Losing Trade before Yellen’s speech.

Thanks, Robert, for helping me with my post’s title…

#ContangoETFs BTC NUGT Sept 9th 24 puts for 2.70. Sold for 1.18, effective price. I have a few short puts near the money, so just closing this strike before she speaks. NUGT has been known to go nuts after Fed.

prvtrader 6:55 am on Friday, August 26, 2016

Closing Winning Trades before Yellen’s speech.

BTC Sep 23 GOOGL 830/840 BeCS for $0.90 Sold for $2.65
STC Sep 9th TSLA 230/220 BePS for $6.00 Bought for $5.00
Now I only have a JPM Debit spread left…

Option Iceman 6:52 am on Friday, August 26, 2016
Tags: ShortCalls ( 979 )

$NUGT #ShortCalls – Sold 1…

$NUGT #ShortCalls – Sold 1 NUGT Dec 16 2016 52.0 Call @ 1.35. Highest available strike.

Option Iceman 6:44 am on Friday, August 26, 2016
Tags: ShortPuts ( 4,763 )

$SVXY #ShortPuts – Sold SVXY…

$SVXY #ShortPuts – Sold SVXY Sep 2 2016 59.0 Puts @ 0.20 with the stock at 72.38 and a week to go until expiration. A gift 🙂

Jeff 6:44 am on Friday, August 26, 2016

Added to VIX

Bought another $VIX Sept 20th 14 call for 1.50, adding to my position.

prvtrader 6:19 am on Friday, August 26, 2016

Janet will speak at 10:00AM…

Janet will speak at 10:00AM ET in Jackson Hole Economic Symposium. There is a 50/50 chance for a Dec interest rate hike by the Fed. The odds for a Sep hike are just 30%….This looks like Vegas, not like a stock market. Her speech is titled “The Federal Reserve’s Monetary Policy Toolkit” It sounds like some product from a software company….:-)