STO
$TWLO 10/21 55 put @ 1.03
$ETP 10/21 37 put 1.02
$FB 10/14 126 put @ 1.02
$ULTA 235/240 BUPS @1.00
$SPX 10/19 2235/2210 @ 2.10
Monthly Archives: September 2016
Closed Early
Getting cowardly
$NUGT 10/21 24 put @5.20 Sold for 7.31 9/1
$SPX 2265/2240 BECS @ 89% profit
$SPX 2025/2050 BUPS @ 91% profit
$SPX 2240/2215 BECS @ 89% profit
$IBM 10/21 165 call @ 75% loss
$GOOGL 10/21 810 call @ 35% loss
Have a restful weekend
Options Expiration 9/30/16
-Expired-
$SPX 9/28 2110/2085 put spread
$SPX 9/26 2135/2110 put spread
Options Expiration 9/30/15
–Expiring —
$SPX 2185/2205 call spreads
$SPX 2210/2235 call spreads
$NUGT 16 puts
–Full Loss–
$NKE 53/55/57 iron butterfly
$UVXY #ShortCalls – since my…
$UVXY #ShortCalls – since my #Option ladder for this week was expiring I sold all these for next week with the stock trading at about 16.50.
Sold UVXY Oct 7 2016 26.5 Calls @ 0.13
Sold UVXY Oct 7 2016 27.0 Calls @ 0.12
Sold UVXY Oct 7 2016 27.5 Calls @ 0.11
Sold UVXY Oct 7 2016 28.0 Calls @ 0.11
Sold UVXY Oct 7 2016 28.5 Calls @ 0.11
No expirations or assignments this week
Have a great weekend everyone.
#OptionExpiration #Weeklys #Sep30 – If…
#OptionsExpiration #Weeklys #Sep30 – If the market had stayed weak for one more day it would have been more profitable, but the $DB news panic only lasted 24 hours. The VIX collapsed on Friday (again).
No assignments this week as I rolled the few #ITM positions up and out.
— Expirations —
ALXN Weekly Sep 30 2016 110 Puts
CF Weekly Sep 30 2016 30 Calls (Covered)
DUST Weekly Sep 30 2016 35 Calls
FCX Weekly Sep 30 2016 9.5 Puts
NKE Weekly Sep 30 2016 51 Puts (Earnings Play)
NKE Weekly Sep 30 2016 51.5 Puts (Earnings Play)
NKE Weekly Sep 30 2016 59 Calls (Earnings Play)
NUGT Weekly Sep 30 2016 14 Puts
SVXY Weekly Sep 30 2016 40 Puts
SVXY Weekly Sep 30 2016 80 Calls (Covered)
UVXY Weekly Sep 30 2016 21 Calls (Covered)
UVXY Weekly Sep 30 2016 22 Calls (Covered)
UVXY Weekly Sep 30 2016 22.5 Calls (Covered)
UVXY Weekly Sep 30 2016 23 Calls (Covered)
UVXY Weekly Sep 30 2016 23.5 Calls (Covered)
UVXY Weekly Sep 30 2016 24 Calls
UVXY Weekly Sep 30 2016 24.5 Calls
UVXY Weekly Sep 30 2016 25 Calls
UVXY Weekly Sep 30 2016 25.5 Calls
UVXY Weekly Sep 30 2016 26 Calls
UVXY Weekly Sep 30 2016 27 Calls
UVXY Weekly Sep 30 2016 30.5 Calls
WYNN Weekly Sep 30 2016 75 Puts
OptionsExpiration
$SVXY $45 puts
$SVXY $50 puts
$UVXY $24 calls
$UVXY $25 calls
$UVXY $27 calls
$UVXY $30.5 calls
Not a big expiration but nice steady profits. Have a great weekend everyone.
#OptionsExpiration
GS
My only expiration is the 167.5 covered call. Have a nice weekend to everyone. I am off to the gym.
Closing CMG
Taking these positions off at a profit, reducing some downside risk.
Bought to close $CMG Oct 14 385 put @ .50. Sold for 3.00 on 9/15.
Bought to close $CMG Nov 18 350 put @ 2.29 Sold for 5.30 on 9/20.
$SVXY #ShortCalls #Rollup – Extended…
$SVXY #ShortCalls #Rollup – Extended my holding period on the stock a week to get two more points on the assignment.
Bought to Close SVXY Sep 30 2016 72.0 Calls / Sold SVXY Oct 7 2016 74.0 Calls @ 0.25 Credit
Originally sold the Sep 30 72 Calls @ 6.69 and covered them at 2.00
/ES Eminis keeping the hedge on
Replacing the one expiring today…selling against short Dec futures.
SOLD /ES OCT 16 (Wk1) 2165 PUT @ 12.00
$TWLO
Sold Oct21st 55 Put @ 1.30. Set a day prder and went off to get things done. Filled when TWLO was at 65.51 this is just a single contract spec trade. Assignment would give me a basis near the 50dma.
$SVXY #ShortCalls #Rollup – tough…
$SVXY #ShortCalls #Rollup – tough to catch a break on a Friday with SVXY. It always seems to rally.
At least the calls I bought back were at nice gains. And more cash was added to the account.
Bought to Close SVXY Sep 30 2016 69.0 Calls / Sold SVXY Nov 4 2016 75.0 Calls @ 0.20 Credit
Bought to Close SVXY Sep 30 2016 68.0 Calls / Sold SVXY Nov 11 2016 75.0 Calls @ 0.28 Credit
More calls sold
#SPXcampaign Sold to Open $SPX Oct 7th 2190/2215 call spreads for 3.50. Expire next Friday (or will be rolled if rally continues).
GS roll
Had this week’s 162.5 calls that were an aggressive roll down for a total of 1.85 credit for the week. Rolling them out and up to next week’s 165’s @ .50 credit. Short term sales against a long term 2018 position…
Should’ve closed those 162.5’s for 4 cents earlier this morning…grrr. Got greedy and cost myself at least 30 cents trying to make 4 cents.
COST
should have listened, bought a 2 point put spread, small loss
NUGT…again
Rolled 18.5 short calls out another week for .75 credit. Still inverted against monthly 26 puts and still selling at a 3 call per 2 put ratio. I hope NUGT stays right here forever!
$UVXY
STO Oct 21 $30 calls @ $0.54
STO Oct 14 $26 calls @ $0.40
SPX overnighter closed
Buy to Close $SPX Sep 30 2130/2125 put spread @ .10. STO @ .25 yesterday. Short strike now above 8 ema as support but pressure from Deutsche bank, US banks plus pharma no guarantee of worthless expiration …taking risk off when I can, not when I have to! Did cover commission plus an hour at a parking meter.
GS
STO October 7, 165 call @0.32, these are off set by my long position of the 2018 130 calls.
SPX call spread sold
#SPXcampaign Sold to Open $SPX Oct 19th 2210/2235 call spreads for 2.10. Doing the #ReverseRoll of put spreads stopped yesterday. Unless and until yesterday’s VIX Indicator signal is canceled I am fading the rallies.
$SVXY #ShortCalls – my first…
$SVXY #ShortCalls – my first roll today. After yesterday’s plunge I was hoping for a better fill. Still it does increase the strike price 2 points and put a little more cash in the account.
Bought to close SVXY Sep 30 2016 68.0 Calls @ 4.91
Sold SVXY Oct 14 2016 70.0 Calls @ 5.20
NUGT calls
Sold $NUGT Nov 11 (weekly) 29.50 calls @ 1.00
$UVXY #ShortCalls #VXXGame #TopOfTheChain- the…
$UVXY #ShortCalls #VXXGame #TopOfTheChain- the news about $DB crushed the financials and spiked the VIX.
Sold UVXY Oct 21 2016 45.0 Calls @ 0.35 with the stock at 18.83
Sold UVXY Oct 28 2016 45.0 Calls @ 0.51
Sold UVXY Nov 4 2016 35.0 Calls @ 1.14
Sold UVXY Nov 18 2016 45.0 Calls @ 1.33
$SVXY #ShortPuts #VXXGame – Sold…
$SVXY #ShortPuts #VXXGame – Sold SVXY Oct 21 2016 40.0 Puts @ 0.20 with the stock at 67.83
SPX put roll closed
#SPXcampaign Bought to close $SPX Oct 14th 2100/2075 put spreads for 3.35. Sold for 2.10 last Thursday. This one hit my 4.00 stop on Monday and again today, and you don’t have to tell me twice… okay, maybe you do, but you don’t have to tell me three times to get out when stops are hit.
Closing some NUGT calls
Took profit on these at almost minimum value, reducing some short call exposure.
Bought to close $NUGT Oct 14 (weekly) 35 calls @ .05. Sold for 1.20 on 9/6.
IBB…whew!
Happy I closed those Dec short puts a few days ago. Triple top sure held…looking to reload if we can beat this thing down to the 200ma.
SPX condor corrupted
#SPXcampaign Bought to close Sept 30th 2050/2030 put spreads for 4.30. Sold a couple hours ago with a call spread for 1.50. Quick loss, but that’s the risk of these short-term trades. Will look to roll.
VIX call spreads
Just for something a little different…
Sold VIX NOV 16 2016 20.0/25.0 Bear call spreads @ .70
$COST earnings today after the…
$COST earnings today after the close. Any ideas?
$VXX $SVXY $UVXY
Had to chase some of these a bit, premium was dropping faster than I could keep up with getting orders placed.
STO $VXX Oct 21 $46 calls @ $0.50
STO $VXX Oct 28 $50 calls @ $0.50
STO $UVXY Oct 28 $45 calls @ $0.40
STO $UVXY Nov 4 $35 calls @ $0.90
STO $UVXY Oct 21 $35 calls @ $0.42
STO $SVXY Oct 21 $55 puts @ $0.85
STO $SVXY Oct 21 $57 puts @ $1.00
STO $SVXY Oct 21 $60 put @ $1.49
NKE Closed the NKE earnings…
NKE
Closed the NKE earnings trade many of us took, lost 43.27, could have been out for a profit yesterday morning but the G-word got the best of me. Have had much worse earnings trade-see LULU, looks like I’ll own that for a while.
SPX recovery mode
After the sure thing iron condor for expiration tomorrow, that is no longer a sure thing. Bought back the put spread at a loss, but thinking this could get worse. Sold another call spread for expiration tomorrow. Sold 2175/2180 for 0.50. Also sold next Friday, Oct 7 2195/2205 for 0.90.
Thought about another put spread, but a bit nervous with the downside now.
$UVXY
Nibble
STO Oct 14 $30 calls @ $0.50
Downside Signal Fired
#Market #VIXIndicator Things suddenly look dark… DB and all banks continue dropping. After last Thursday’s Downside Warning cancelation, we have a new signal this Thursday. It takes two signals for a Warning. Next level today is 16.53.
I’m looking to exit the put side of the condor I entered earlier… immediate loss on that one!
SVXY
Sold to open, November 18, 50 puts @1.50
Market
Deutsche Bank (DB) is down over 6%, putting pressure on all banks (XLF) and the market. Bonds (TLT) and VIX (UVXY) soaring.
AVGO covered call
#Earnings #LongStock #CoveredCalls
STO $AVGO Oct 28th 177.5 call for 2.00.
AMZN Stop the presses—AMZN is…
AMZN
Stop the presses—AMZN is currently down 1.30!
SPX puts sold
#SPXcampaign Sold to Open $SPX Oct 28th 2020/1995 put spreads for 1.30, with SPX at 2158.
And a minute later it’s at 2153. Whoa.
SPX overnighter
#SPXcampaign Sold to Open $SPX Sep 30 2130/2125 put spread @ .25 SPX @ 2160
SPX next day condor
#SPXcampaign Sold to Open $SPX Sept 30th 2130/2150/2185/2205 iron condors for 1.50. Expire tomorrow. Thanks @rknight52 for the inspiration.
CMG adjustment
Made money all the way down on the inverted roll now stepping it back up a little at a time for even…
Rolled CMG Sep 30th 415.0 call out and up to Oct 14th 422.5 call @ even.
Still inverted against a monthly 435.0 put. Inverted by 12.50 but premium received so far of 23.85. I’ll get one more chance to roll it into the same week as the put then earnings are the week after that. Plenty of time and opportunity for very profitable rolling on a low margin low risk position.
SPY Closed Oct 21 206/221…
SPY
Closed Oct 21 206/221 SPY strangle for .76. Sold for 2.26 on Sept. 9. It came down to about $3200 in margin for 3 weeks for the last .76.
SVXY
STO December 50 puts @2.30 but staying small.
$UVXY
New all time low today.
$SVXY CoveredCall Rollout
BTC Sept 30 $75 call @ $1.00 (sold for $2.25)
STO Oct 7 $75 call @ $2.51
UVXY
After the excursion below 16, to 15.67, I shorted the rebound at 16, tight lease.
SPX taking a chance
STO Sep 30 2200/2190/2150/2140 IC for 1.00 with SPX at 2170.
Expires tomorrow.
FB covered put
#Earnings #CoveredPuts #ShortStock
And my short stock position continues. Someday my cost basis will equal the stock price…. some day.
STO $FB Oct 21st 126 covered put for 1.25.
VIX Indicator and SPX Position…
VIX Indicator and SPX Position Chart are updated.
Hey guy’s, I’ve been sequestered…
Hey guy’s, I’ve been sequestered in a project room at work all week so haven’t been around or even able to do much. I’ve only made 1 trade all week. On monday STO $VXX Oct 14 $45 calls @ $0.50
Hope you guy’s have been having a great trading week. Looks like there has been some activity, wish I could have participated.
Kelly
SPX calls sold
#SPXcampaign Sold to Open $SPX Oct 28th 2235/2260 call spreads for 1.25, with SPX at 2171.
SPX call rolling
#SPXcampaign This is a partial roll of the ITM roll that’s going into its third month. At least now I am selling OTM spreads, albeit pretty close.
Sold to Open $SPX Oct 14th 2185/2210 call spreads for 7.60.
I closed a spread last week for 13.75. Sold a 2.00 put spread and now this, so 9.60 total and 4.25 more to go.
Oregon Ducks
For those of you discussing NKE and the Oregon Ducks, my stepson is the second guy from the right.
NUGT popping again
Sold $NUGT Nov 4 (weekly) 29 calls for .85. Initial position at the highest strike in the 11/4 weekly series.
SPX iron condor
STO $SPX Nov 11 2255/2245/1990/1980 for 1.80.
43 DTE, will look to close at 50-60% max profit. This continues to be successful. Following the TT model (they close at 50%). Their iron condors have higher delta as they work at 1 SD, where these are closer to Jeff’s model of delta.
SPX call spread
STO $SPX oct 16 2220/2245 sold for $1.10
TLT followed from TT sold…
TLT
followed from TT sold Nov. 18 129/138/138/148 for 4.64 these trades take patience
AMZN covered call
Sold $AMZN Oct 21 860 call for 5.15. I was early. Premium is over a dollar higher now.
SPX calls closed
#SPXcampaign Bought to close $SPX Oct 7th 2215/2240 call spreads for .20. Sold for 1.50 on Sept 9th.
NKE earnings trade
#Earnings BTC NKE Sept 30th 55 calls for .10. Now need a rally back to 55 to close the puts.
WYNN adjustment
This has turned out to be a really fun trade….especially after DR closed the original idea for losses.
Bought to close WYNN Sep 30th 103/108 Bear calls spreads @ .30. I’m booking these…after the rolls accumulated premium was 4.05.
This left 108 naked puts for this Friday so:
Rolled 108 puts out to next Friday @ .44 credit (4.40 credit received so far) and:
Sold WYNN OCT 7 2016 105.0 Calls @ 1.02
Now position is 108/105 inverted strangle that has an accumulated value of 5.42. So instead of closing for a loss this WYNN position has brought in almost 9.50 in premium in just a few weeks while only using about 1300 margin per strangle.
Fuzzy happy! 🙂
$NKE #Earnings – Bought to…
$NKE #Earnings – Bought to close NKE SEP 30 2016 60.0 Calls @ 0.01. They can’t go any lower.
Still working on the puts
NUGT
BTC NUGT Oct07’16 25 CALL @ 0.10, sold for 1.20 on 9/22
SPX Interesting SPX trade at…
SPX
Interesting SPX trade at TT. Sell a Nov. 18 2160 straddle and buy an Oct. 21 2100/2200 strangle for 66.30 credit.-comments are it is a short term trade.
NKE earnings spreads – closed call side
closed the call side of the spread for 0.20. About 80% of max profit of that side.
Working on the put side now.
Closing NKE earnings strangle
Bought to close $NKE Sep 30 51/59 strangles for .06. Sold for .43 yesterday.
SPX puts closed
#SPXcampaign Bought to close $SPX Oct 14th 1980/1955 put spreads for .20. Sold for 1.50 on Sept 16th.
NKE earnings
#Earnings For the earnings 53/55/57 iron butterfly, the best outcome would be to get the down flush today, followed by buying into Friday. You may consider closing the short 55 call today, currently going for .25. This will increase your risk by .25 but allow an easier exit should we rally into Friday.
I will look for a deeper flush and consider closing the 55 call if I can get closer to .10.
Closed Early
BTC $NUGT 12/16 50 call @ .40 Sold in July for 21.90.
BTC $TWTR $21 10/21 covered call 10.9% return for less than month
BTC $SPX 9/30 2025/2050 BUPS @ 91% profit
NKE movement
#Earnings volatility but looking decent for our neutral trades.
VIX Indicator and SPX chart…
VIX Indicator and SPX chart updated
Options Bistro 