BTO Covered call 9/16 @89.20.
Daily Archives: Tuesday, September 6, 2016
Some trades…
Expired SPX 2150/2145 put spreads sold Sept 1 @ .25
BTC SPX Sept 16 2065/2040 put spreads @ .20 sold Aug 16. Thanks Jeff
BTC STX Sept 16 32 puts @ .12 sold Aug 23 @ .96
NUGT stock sold
#ContangoETFs Sold to close NUGT stock for 25.00. Assigned via 22 puts on 8/26.
SVXY trade closed after 21 months
#VXXGame BTC $SVXY Jan 2017 40 puts for 1.80. Sold for 9.20, avg price, in Nov/Dec 2014.
SVXY
Bought to Close SVXY SEP 16 2016 50.0 Puts @ .10 (sold for 1.20)
SRPT taking risk off
With IV this high seems like news could be coming any day…booking this one.
Bought to Close SRPT SEP 16 2016 12.0/10.0 Bull put spreads @ .12 (sold for .80)
SPX calls sold, puts closed
#SPXcampaign Sold to Open $SPX Oct 7th 2240/2265 call spreads for 1.55.
Bought to close SPX Sept 15th 2065/2040 put spreads for .20. Sold for 1.30 on Aug 24th.
SPX iron condor
STO Oct 14 2265/2255/2010/2000 for 1.00
Weekly strategy and trying to stay pretty far OTM. Will close at 60% max profit.
Tasty Trade does 50% max profit, but I have been successful at 60% and will continue in this fashion.
NFLX call rollout
Rolled $NFLX Sep 95 calls up and out to Oct 100 calls for .40 credit. Never thought I’d be happy to be rolling short calls again LOL.
GE, CMI
STO December 29 puts @.53 on GE
STO December 15 puts @2.55 on CMI
TWLO PMCC (poor man’s covered call)
I’ve been wanting to try something new so here goes. BTO TWLO Jan 20’17 55 call @ 8.84 and STO TWLO Sep16’16 65 call @ 0.84. TWLO was trading at 59.12 at the time. Follow at your own risk, I don’t knoweth what I am doing.
NUGT calls
Sold the following at the highest strikes:
$NUGT Oct 14 (weekly) 35.00 calls @ 1.20
$NUGT Nov 18 46.00 calls @ 1.25
NUGT calls added
#ContangoETFs Quite a different week shaping up for NUGT.
STO NUGT Oct 7th 30 calls for 1.50
TLT add
#LongCalls Earlier on the small morning dip, added to my TLT long calls:
BTO TLT Sept 23rd 138 call for 1.85
BTO TLT Oct 21st 140 call for 1.70
SPX ITM rolling
#SPXCampaign My weekly ITM roll-out continues, so far so good. My short has moved from 2130 to now 2150. If a correction doesn’t close the whole thing, I will eventually be able to roll out by moving up 5 points per week.
Bought to close $SPX Sept 9th 2145/2170 call spreads for 22.00. Sold for 17.50 on Aug 26th.
Sold to open $SPX Sept 15th 2150/2175 call spreads for 19.50, and to make up for the roll debit:
Sold to Open $SPX Sept 21st 2210/2235 calls for 3.25.
SPX put spreads sold
STO SPX 2165/2160 Sep 7 BuPS @ .25
STO SPX 2160/2135 SEP7 2016…
STO SPX 2160/2135 SEP7 2016 BuPS at 0.6
$SVXY #CoveredCalls – a lesson…
$SVXY #CoveredCalls – a lesson on why not to trade on your phone.
Friday I was attempting to roll some strike 70 calls that were about to expire out 3 weeks to some Sep 30 2016 72.0 calls for a credit. I got a spread order off, Buying strike 70s at 5.81 and selling strike 72s at 6.69. All good, right? Well … not so much.
I realized a few hours later that I had fat-fingered the spread order and bought the Sep 9 2016 70 calls that I did not formerly have a position in, putting me long 10 contracts. And I was still short the Sep 2 2016 calls that I had intended to cover.
I spent the rest of the day trying to cover the Sep 2 contracts while liquidating the long Sep 9 contracts. The bid ask spreads just kept getting wider and wider until near the close I just put in a covering order at 6 for the Sep 2 contract figuring if it didn’t fill at least I could deliver some long stock I was holding. The stock was trading above 76 at the close but just after the close the stock dipped and the option order filled.
So this morning, thanks to strong opening I sold some stock at 76.30 in the premarket and then sold the long calls at 6.80 when the market opened.
So I made almost $1000 on the long options I didn’t really want. Most of the time it doesn’t work out so well. I’m cooling my jets for the rest of the week.
SVXY
BTC September 16, 45 puts @0.05 and that is the last of my monthly puts in September.
AVGO #earningstrade Closed Sept 16…
AVGO #earningstrade
Closed Sept 16 165/160 put spread for .50, sold for .93 on Sept 1.
GM
GM
AAPL AAPL is releasing a…
AAPL
AAPL is releasing a new i-phone tomorrow, premiums are increasing. I don’t have any ideas or positions other than 14.773 shares of stock.
Options Bistro 