Heard they were announcing a reverse split even before the forward split happens…LOL! Looks like massive panic selling setting in. Crazy!
Monthly Archives: August 2016
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.
#earnings INTU #iron condor plagiarized…
#earnings INTU #ironcondor plagiarized a trade from TT Sept. 16, 100/110/110/120 for 2.18
STX sold Sept. 2, 32…
STX sold Sept. 2, 32 put for .58, looking to take ownership and pick up the .64 dividend on the 19th, sell a call or 2 after that.
NUGT
BTC September 16 250 call @0.40 cents. Sold @5.05
Well, things will get exciting…
Well, things will get exciting some day. Will you be ready?
GDXJ thanks to vxxkelly for…
GDXJ thanks to vxxkelly for reminding me today, Sold Sept 15 50/55 call spread for 1.05
$NUGT $GLD
Another day where Gold is really doing nothing, yet miners are getting crushed. Suddenly no one wants to own the miners.
NUGT
BTC September 16 185 calls @3.50, sold @7.19
STO September 16, 140 covered calls @14.40 which will offset my assignment over the weekend.
TSLA rallying
TSLA rallying
$NUGT #ShortCalls – Bought to…
$NUGT #ShortCalls – Bought to close NUGT Dec 16 2016 185.0 Calls @ 22.00
Getting out of the way of the split tomorrow. Actually made a few bucks profit on this trade.
$SWN #CoveredCalls – Sold SWN…
$SWN #CoveredCalls – Sold SWN Sep 16 2016 15.0 Calls @ 0.38. Replaces the August calls that just expired Friday.
$UVXY #ShortCalls – covered all…
$UVXY #ShortCalls – covered all these within a few seconds of each other after having GTC orders in for a month
Bought to close UVXY(ns) Sep 16 2016 45/50/55/60/65/70/90/95 Calls @ 0.01
48 total calls
TRADES:
$UVXY STO 9/2/16 25.0 CALLS @.35 Another rung for my ladder.
$UVXY STO 8/26/16 20.0 CALLS @.55 Hedge for my 8/26 19.0 short puts. Lowers my C.B. Who knows, maybe it will close between 19.0 & 20.0 ;>)
SPX call spread
STO Sep 2 2220/2230 for 0.95
BBY…thanks to the “Earnings Slayer”
Thanks Tony V over at tastytrade and thanks rknight52 for getting it on my radar yeterday!
Closed my 31/33.5/35 super bull for 1.44. Got nearly the whole thing already. NIce surprise this morning since I had a few more than one!…LOL
🙂 🙂
SPX call roll sold
#SPXcampaign Sold to open #SPX Sept 9th 2200/2225 call spreads for 8.00. Last part of the condor roll from Friday’s stopped spread. Waiting a couple of days paid off as I was able to get much better position.
Good morning
I wish it was Friday.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Aug26 2016 57.5 Puts @ 0.15.
Only got a partial fill because all today’s volume is me 🙂
$GDX #ShortPuts – who needs…
$GDX #ShortPuts – who needs NUGT. Sold GDX Aug 26 2016 28.0 Puts @ 0.13.
NUGT roll
#ContangoETFs Bought to close NUGT Aug 26th 100 put for .15. Sold for 7.18 on July 20th.
Sold to Open NUGT Sept 16th 115 put for 5.50.
Much like @fuzzballl, I am trying to sell one call and one put each week in NUGT.
BeCS on TSLA
STO OCT 21 TSLA 240/250 BeCS for $1.65; my stop is at $240….
there are several squeezes forming in different time frames and the indication is that they should fire bearish…
Bistro
FYI, the number that pops up on the orange tab at bottom represented new posts, but sometimes it will show a large number as “new” when they are not. This occurs when I am categorizing past posts… when I update old posts it sometimes shows them as “new” on the counter.
SOME TRADES:
$UVXY 8/26/16 STO 19.0 PUTS @.33 Don’t usually sell puts, but no margin costs, so I did. Gives me a CB of 18.67, expires in 4+ days, and the lowest its been since the reverse split is 19.60.
$UVXY 8/26/16 STO 23.0 CALLS @.33
$UVXY 9/2/16 STO 26.0 CALLS @.47
$UVXY 9/9/16 STO 29.0 CALLS @.60
BBY earnings. Any ideas?
Looking at an iron butterfly such as 30/32.50/32.50/35 for $1.65 credit at this time, but BBY could swing by 10%, so could lose 0.85 on this. Thoughts?
SPX calls sold
#SPXcampaign Sold to Open $SPX Sept 23rd 2245/2270 call spreads for 1.35, with SPX at 2182.
NUGT roll
Rolled Sep monthly 185 calls down to 170 for 2.50 credit.
New position is now 140/170 strangle @ 11.10
SPX puts closed
#SPXcampaign Bought to close $SPX Aug 24th 2140/2115 put spreads for .20. This is the other half of the call spread closed an hour ago, sold for 1.60 on Aug 12th.
$NUGT Oct puts
Sold $NUGT Oct 21 90 puts @ 5.70 as a hedge against short calls.
FEYE covered calls
Sold FEYE Sep 16 2016 17.0 Calls @ 0.31
SPX calls closed
#SPXcampaign Bought to close $SPX Aug 24th 2200/2225 call spreads for .20. Sold for 2.80 on Aug 3rd.
Trying to get a fill on new spreads but missing the fills before each reversal.
$NUGT #ShortCalls – clearing the…
$NUGT #ShortCalls – clearing the decks a bit before the split
Bought to close NUGT Jan 20 2017 100 Calls @ 60.11.
I can always reestablish bearish calls after the split.
NUGT
BTC September 16, 175 call @6.50 it was sold @30.84
Closing NUGT calls
Bought to close $NUGT Sep 16 250 call @ .65. Sold for 6.00 on 7/27.
$UVXY #CoveredCalls – sold these…
$UVXY #CoveredCalls – sold these early
UVXY Aug 26 2016 25.0 Calls @ 0.17
UVXY Aug 26 2016 26.0 Calls @ 0.13
UVXY Sep 9 2016 35.0 Calls @ 0.39
UVXY Sep 23 2016 45.0 Calls @ 0.64
UVXY sold Sept 2 25…
UVXY sold Sept 2 25 call at .63, it’s covered.
$DUST #CoveredCalls – Sold DUST…
$DUST #CoveredCalls – Sold DUST Aug 26 2016 6.0 Calls @ 0.20
$NUGT #ShortPuts – Sold these…
$NUGT #ShortPuts – Sold these early
NUGT Aug 26 2016 109 Puts @ 0.60
NUGT Aug 26 2016 108 Puts @ 0.55
NUGT Aug 26 2016 105 Puts @ 0.40
NUGT Aug 26 2016 100 Puts @ 0.25
NUGT Aug 26 2016 95.0 Puts @ 0.20
LOW stock
#Earnings #SpreadConversion Sold to close $LOW stock for 78.25. Cleared out half of my position, salvaging failed iron butterfly into a profitable trade. Will look for higher prices to sell the remainder, with a stop at 77.50. I don’t want to hold the stock long-term.
SPX puts closed
#SPXcampaign In pre-market, bought to close $SPX Sept 2nd 2040/2015 put spreads for .20. Sold for 1.35 on Aug 1st.
$OPHT
STO 9/16 strangle 45 put/55 call @$2.90 (awaiting fill)
Expirations
$UVXY 22.50 Call
$UVXY 25 Call
$NUGT 80 Put
$XME 25 Put
$FL 55 Put
$TWLO 48 Put
$SVXY 45 Put
$ETP 34 Put
$SPX 2085/2110 BUPS
$SPX 2115/2040 BUPS
$SPX 2015/2040 BUPS
CLOSED EARLY
$SPX 2185/2160 BECS @50% loss
ASSIGNED/CALLED AWAY
$HAIN 50 Put
$FEYE 17 Put
$CNX 18 Put
$OPHT 55 Put
$GG 20 Call (covered)
$SWN 15 Call (covered)
$SHAK 40 Call (covered)
$HAIN 55 Call (clobbered oops covered)
$CMCM 13 Call (covered)
$HZNP 20 Call
$MU 14.5 Call
TOTAL LOSS
$CMG 390/400 BUPS (upset stomach)
$CMG 400/405 BUPS (too much to swallow)
Options Expiration
I say good bye to some friends, let them go for cash. Is that shallow?
DOW Aug 19 2016 52.5 Call
STX Aug 19 2016 25.0 Call
MRO Aug 19 2016 16.0 Call
SLV Aug 19 2016 17.0 Call
Options Expiration
$NUGT $80 Puts
$NUGT $85 Put
$NUGT $110 Put
$NUGT $130 Put
$NUGT $137 Put
$NUGT $175 Call
$NUGT $220 Call
$NUGT $250 Call
$SVXY $40 Puts
$SVXY $45 Puts
$UVXY $30 Calls
$UVXY $34 Calls
$UVXY $60 Calls
Have a great weekend everyone,
Kelly
NUGT
I am finally long some NUGT stock against some naked calls. Have a nice weekend to everyone.
LOW and RGLD earnings
#Earnings #SpreadConversion That’s a new hashtag I just made up for converting an ITM credit spread into a stock position.
LOW original position: 79.5/81.5/83.5 iron butterfly for 1.48. Exited some more LOW stock at 77.75 (cost basis 77.10). Closed remaining long puts, so will be assigned on more with cost basis of 77.50.
RGLD original position: 87.5/85 put spreads for 1.25. Sold my long 85 puts for 1.82 (avg price). Will be assigned stock via 87.5 puts, cost basis will be 84.43.
Won’t take much to recover with profits from both positions, despite having a max loss if I’d allowed to expire as spreads.
#OptionsExpiration for Aug 19 Expiring:…
#OptionsExpiration for Aug 19
Expiring:
$AMZN 08/19/2016 730.00 puts
$CAT 08/19/2016 72.50 puts
$KMX 08/19/2016 57.50 puts
$NFLX 08/19/2016 100.00 calls
$NFLX 08/19/2016 82.00 puts
$NUGT 08/19/2016 135.00 puts
$NUGT 08/19/2016 130.00 puts
$NUGT 08/19/2016 235.00 calls
$SVXY 08/19/2016 45.00 puts
$SWKS 08/19/2016 57.50 puts
$TLT 08/19/2016 137.00 puts (covered by short stock)
$TLT 08/19/2016 145.00 calls
$WYNN 08/19/2016 95.50 puts (covered by short stock)
Assignments:
$CAT 08/19/2016 70.00 calls (going short more stock)
$SVXY 08/19/2016 60.00 calls (small portion of my large long position being called away)
August 19 expirations
IRA: covered calls on SVXY
60 calls
65 calls
45 puts
Trading account:
NUGT 120 put
NUGT 150 put will be assigned after the battle of Stalingrad
SVXY PUTS: 30,31,32,33,34,35,36,37,38,39,40,45,50,55, which will free up a lot of margin now that Fidelity is at 100% margin on these VIX levered products.
$DUST #ShortCalls #Speculation – Sold…
$DUST #ShortCalls #Speculation – Sold DUST Aug 26 2016 5.5 Calls @ 0.30. Pure speculation and cheaper than shorting NUGT Puts.
If DUST stays in the current trading range, these should expire next Friday or will be cheap to cover
$SRPT #ShortStrangle – I have…
$SRPT #ShortStrangles – I have some strangles expiring today. Adding some for next week.
Sold SRPT Aug 29 2016 10.0 Puts / SRPT Aug 29 2016 41.0 Calls @ 0.55 Credit with the stock at 25.79
Market
These summer Fridays are boring. My only option assignment that may happen is my short put on NUGT at the 150 strike. The open interest is only 30 contracts but there is a mighty battle going on into the close at 150.
DBA I bought 100 shares…
DBA I bought 100 shares at 20.87 of this slow mover.
$NUGT
With as weak as $NUGT has been this week, decided to add some short calls for next week.
STO Aug 26 $190 calls @ $0.75
It’s that time again…Mizzou
Starting the big move today for the sophomore year. I’ll be in and out…have a great weekend everyone!
FLO Sep16 $15 Put (FLOWERS…
FLO Sep16 $15 Put (FLOWERS FOODS INC) for $0.55
Sold Put willing to take stock for long term. FLO is trading in 52 week low range, dividend 4.4% with typical daily volume over 1 million.
NUGT…amazing
Oct monthly 70/260 strangle going for 8.20…wow. That’s the high and low strikes.
JNJ Sold a Sept. 16…
JNJ Sold a Sept. 16 iron fly for 3.04 on the 16th closed it today, made .57. Trying to learn how to manage these
NUGT roll
Rolled Aug 26 170 call down to 160 for 3.00 credit (now 160/160 straddle @ 18.15) One of these will go away then we roll and adjust
Rolled Sep 2 175 call down to 160 for 4.50 credit (now 160/170 inverted @ 36.70) Should be a lot of maneuvering room with this one…
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY Aug 26 2016 28.5 Calls @ 0.16 for next week’s expiration.
SPX rolling
#SPXcampaign Using market timing this morning to execute some rolls. Closed spreads near the lows, now waiting for higher levels to sell the rolls.
Bought to close $SPX Aug 26th 2175/2200 call spreads for 11.00 (in pre-market). Sold for 12.10 on 7/22.
Partial roll: Sold to Open SPX Sept 9th 2140/2115 put spreads for 3.35
2nd half of roll: Will sell SPX Sept 9th 2200/2225 call spreads for 7.75, if it can fill today. If not, will add a contract or come down a strike.
Bought to close $SPX Aug 26th 2135/2160 for 22.25. Sold last Friday for 21.50. This is my continued experiment of rolling out a fully ITM spread, one week and one strike higher at a time. Looking to sell the Sept 2nd 2140/2165 spread for 22.40. Probably can’t get that price, so I will take what I can get and add a put spread to make up the difference.
Crazy LOW trade
#Earnings While selling naked is preferred with a large account, using spreads can give you an effectively naked position… you don’t have to wait for expiration and just take the loss if your spreads end up completely ITM.
Sold partial $LOW stock position for 77.25. Assigned vis 81.5 puts Wednesday night with a 77.10 cost basis.
Also, sold one of my remaining 79.5 puts for 2.25. Will be assigned tonight via my 81.5 puts, cost basis on that batch will be 77.34.
By selling your ITM long puts, you leave yourself to be assigned on your newly naked puts, but at a very low cost basis. I’ve already exited some of the trade with a small profit… will wait for more recovery to take better profits on the rest of the stock.
Expired SPX
#SPXcampaign #OptionsExpiration Expired at this morning’s open: $SPX Aug 18th 2110/2085 put spreads. Sold for 2.50 on Aug 1.
SVXY
We are still in the trading range of 70 to 74 that we have been in for the last 2 weeks. I don’t have anything to do today so may go to the gym early. The VIX is still in contango.
Options Bistro 