Light week this week. My open positions keep burning down and cash position keeps growing. Looks like the next catalyst might be the FED meeting.
$NUGT $27 calls
$NUGT $52 calls
$SVXY $58 puts
$UVXY $27 calls
$UVXY $40 calls
$UVXY $58 calls
Have a great weekend everyone.
#OptionsExpiration for Sep 2
A light week.
Expiring:
$NUGT 09/02/2016 17 puts
$SVXY 09/02/2016 59 puts
$UVXY 09/02/2016 58 calls
No assignments.
Have a great, restful long weekend everyone.
#OptionsExpiration #Weeklys #Sep02 – A profitable week with Gold and Volatility strangles front and center again. An earnings trade on $LULU worked.
Raised even more cash in some IRA accounts.
— Expirations —
CF (Weekly) Sep 2 2016 20 Puts
LULU (Weekly) Sep 2 2016 65.5 Puts
LULU (Weekly) Sep 2 2016 67.5 Puts
MRO (Weekly) Sep 2 2016 16 Calls
NUGT (Weekly) Sep 2 2016 16 Puts
NUGT (Weekly) Sep 2 2016 17 Puts
NUGT (Weekly) Sep 2 2016 18 Puts
NUGT (Weekly) Sep 2 2016 26.7 Calls
SVXY (Weekly) Sep 2 2016 40 Puts
SVXY (Weekly) Sep 2 2016 55 Puts
SVXY (Weekly) Sep 2 2016 55.5 Puts
SVXY (Weekly) Sep 2 2016 56 Puts
SVXY (Weekly) Sep 2 2016 56.5 Puts
SVXY (Weekly) Sep 2 2016 57 Puts
SVXY (Weekly) Sep 2 2016 57.5 Puts
SVXY (Weekly) Sep 2 2016 58 Puts
SVXY (Weekly) Sep 2 2016 58.5 Puts
SVXY (Weekly) Sep 2 2016 59 Puts
SVXY (Weekly) Sep 2 2016 60 Puts
TWLO (Weekly) Sep 2 2016 53 Puts
UVXY (Weekly) Sep 2 2016 30 Calls
UVXY (Weekly) Sep 2 2016 30.5 Calls
UVXY (Weekly) Sep 2 2016 30.5 Calls
UVXY (Weekly) Sep 2 2016 31 Calls
UVXY (Weekly) Sep 2 2016 31.5 Calls
UVXY (Weekly) Sep 2 2016 31.5 Calls
UVXY (Weekly) Sep 2 2016 32 Calls
UVXY (Weekly) Sep 2 2016 32.5 Calls
UVXY (Weekly) Sep 2 2016 33 Calls
UVXY (Weekly) Sep 2 2016 44 Calls
UVXY (Weekly) Sep 2 2016 58 Calls
UVXY(ns) (Weekly) Sep 2 2016 12 Calls
XOM (Weekly) Sep 2 2016 85 Puts
— Assignments —
DUST(ns) (Weekly) Sep 2 2016 6.5 Calls (Covered) – profitable
MYL (Weekly) Sep 2 2016 44 Puts – going long some stock/IRA
SVXY (Weekly) Sep 2 2016 62 Calls (Covered/IRA) – profitable
SVXY (Weekly) Sep 2 2016 65 Calls (Covered/IRA) – profitable
Rolled my Sept 02 73 Covered call out and up to Sept 23 76.50 (fat finger strike) for .40 credit. I have no expirations. My daughter who moved to Tallahassee three weeks ago for Grad School had an interesting introduction to Hurricane mania. All is well, just dark and soggy. Have a great three day weekend. And for those on the East coast, try to stay dry.
I have no expirations as I have been covering my short put positions in anticipation that we are going to get a rate increase from the FED someday.
$GDX #ShortCalls – Bought to close GDX Sep 2 2016 27.5 Puts @ 0.11 to avoid assignment.
I rolled into these last week and the roll was profitable
SPX 2130/2125 put spreads @ .30 opened Aug 31
SPX 2195/2200 call spreads @ .25 opened Aug 31
Have a great holiday everyone!
#Earnings Closed half of my $AVGO Sept 2nd 177.5 puts for 4.50 before the close, so a 2.20 loss (from 177.5/172.5 put spread sold yesterday for 2.30). Then I saw something shiny and didn’t close the other half on time, so I will be assigned some shares.
Sold $SVXY Jan 20 2017 100 call @ 4.00
Rolled today’s 71 puts out to Sep 16 71 puts for .55 credit.
In my IRA STO December 60 puts @1.75
I held on too long, rolling Sept 02 17/36 BeCS to Oct 21 19/36 BeCS for 0.10 db and Sept 02 18/36 BeCS to Sept 16 19/34 BeCS for 0.25 db. Prices sure looked better Wed and Thurs morning.
Must have an event coming up since IV’s are through the roof. Sept 12/10 BuPS looking good so thinking about reloading something. Unfortunately Oct only goes down to 13 strike. Still…a 13/43 strangle is going for over 4 bucks. I’ve seen Iceman selling some strangles in it. Anybody else trading it?
BTO Sep 30 BP 34/35 BePS for $0.45. Max Loss is $45 pp Max Win is $55 pp. BP needs to go down to $34 to get max profit at expiration. If BP goes over today’s high, I may bail….
This is a Debit Spread…Theta is slightly negative at this level, if price goes down, then it will become positive.
NUGT sold Sept 16 22 put for 215
#ContangoETFs BTC NUGT Sept 2nd 21 puts for .10, to avoid possible assignment.
Another new one for me…since my positions are small I think I’m ok with slightly higher commissions vs greater liquidity in SPY. This trade was suggested yesterday at .51 so I guess .60 is ok. Plan is to leg into iron condor at some point.
Sold SPY NOV 18 2016 226/230 Bear call spreads @ .60
#SPXcampaign Everyone was waiting for these job numbers; volatility is being drained out of positions and GTC orders are filling…
Bought to close $SPX Sept 9th 2210/2235 call spreads for .20. Sold for 1.70 on Aug 26th.
$SPX #SPXcampaign SPX Put Spread – Posting this before I get a fill, or if I don’t, not chasing it.
Order in to STO SPX Sep 6 2150/2145 puts @ .25. Tuesday expiration.
Completely forgot that I wanted to sell some calls earlier. Oh well, everyone can’t be Iceman. Maybe one day…STO 5 NUGT Sep23’16 25 CALLS @ 1.20 These are covered.
STO SPX Sep 9 2220/2210/2125/2115 for 0.50.
Trying to expand my trading horizons with pretty low risk.
Sold GS OCT 7 2016 175.0 Calls @ 1.35
Selling these against Jan 2018 long straddles. At a minimum should be able to sell enough short term calls to cover max loss on the straddles. With delta 80 long calls I can take advantage of any up move.
Rolled 18 strike inverted calls out to Sep monthly 18.5 for .15 credit. These are inverted against Oct monthly 26 puts at a 3 to 2 ratio (more calls than puts). Gives overall position right now of a slightly short delta. Small margin required and pretty stable on any big moves.
Goal is to get un-inverted at some point. Still preserving a few K of gains that initially were huge losses with ITM short calls back during the NUGT run from about 50 to 170.
STO January 41 puts @1.20
Looks like I should have been a bit more aggressive this morning. Rolling over again now and premiums have cratered.
Out of 2165/2170/2170/2175 iron fly with .20 loss…half of max loss of .40. All clear for afternoon selloff now! Probably would’ve been worth the .20 risk just to stay in. We’ll see..
#LongCalls Started a $TLT position. This pullback is within the uptrend channel.
BTO TLT Sept 23rd 138 calls for 1.95
BTO TLT Oct 21st 140 calls for 1.82
$DXY is now up on the day, we’ll see what happens to gold now.
$NUGT #ShortCalls – Sold 1 NUGT March 17 2017 52.0 Call @ 2.10. Highest available strike
$SVXY #ShortCalls #VXXGame – sold all these long term Calls on the opening creating an #OptionLadder –
Sold 1 SVXY Jan 19 2018 100 Call @ 14.80
Sold 1 SVXY Jan 19 2018 105 Call @ 13.20
Sold 1 SVXY Jan 19 2018 110 Call @ 12.50
Sold SVXY Jan 19 2018 120 Calls @ 9.80
Sold SVXY Jan 19 2018 125 Calls @ 9.00
Sold SVXY Jan 19 2018 130 Calls @ 7.90
Sold SVXY Jan 19 2018 135 Calls @ 7.10
Sold SVXY Jan 19 2018 140 Calls @ 6.40
$SPX #SPXcampaign
BTC SPX Sep 9 2095/2070 put spreads @ .20 sold for 1.20 on Aug 8.
STO SPX Sep 23 2230/2255 call spreads @ 1.40 when SPX was at 2184
STO October 65 puts @1.60, thanks for the idea.
Nibbled a little, waiting to see if the move higher holds before anymore trades
STO Sept 9 $26 Calls @ $0.30
STO Sept 16 $28 Calls @ $0.45
$DUST #ShortCalls #Rollup – made some money on the short calls and I’m rolling the position up 5 points and out of the money
Bought to close DUST Sep 2 2016 33.0 Calls @ 1.37 (Originally sold @ 2.30)
Sold DUST Sep 23 2016 38.0 Calls @ 1.92
$SVXY #CoveredCalls #Rollup – the first of several rolls as SVXY sets a new YTD high above 75 –
Bought to close SVXY Sep 2 2016 71.0 Calls @ 4.33
Sold SVXY Sep 30 2016 74.0 Calls @ 5.43
Added 3 points to the strike price plus 1.10 credit to my cash balance. The new breakeven on the covered call is now well above the YTD high on SVXY.
#SPXcampaign Sold to Open SPX Sept 23rd 2210/2235 call spreads for 4.75
Sold to Open SPX Sept 30th 2235/2260 call spreads for 1.60
Sold $LULU Oct 21 65 puts @ 1.20. Creates a ladder with the Sep 70 puts I sold yesterday before earnings. I am also short today’s 71 puts which will I will look to exit for a profit, or let expire if the stock continues its bounce.
#SPXcampaign A couple filled in middle of night, and more after the jobs number was released:
3:10am ET Bought to close SPX Sept 2nd 2175/2200 calls for 3.50. Sold for 14.40 on Aug 9th (as a roll).
3:24am ET Bought to close SPX Sept 15th 2235/2260 calls for .20. Sold for 1.45 on Aug 18th.
8:30am ET Bought to close SPX Sept 9th 2060/2035 puts for .20. Sold for 1.25 on Aug 10th.
8:33am ET Bought to close SPX Sept 2nd 2140/2115 puts for .20. Sold for 1.30 on Tuesday.
9:01am ET Bought to close SPX Sept 9th 2080/2055 puts for .20. Sold for 1.30 on Aug 12th.
I still think down on SPX today, but likely up on Gold/NUGT
The Street, Real Money “Trader’s Daily Notebook: Ahead of Jobs Numbers, Stick With the Plan”
http://tinyurl.com/zb42v8y
Options Bistro 