NUGT STC Sept 16 BeCS 18/24 for $1.05 after selling this morning for $2. I am concerned we may get a bounce tomorrow after the big drop today.
Daily Archives: Tuesday, September 13, 2016
Great chart of the 1987…
Great chart of the 1987 crash for educational purposes only. A good one to keep on file. $SPY $SPX
SPY In case there is…
SPY
In case there is a little bounce tomorrow, I bought a Sept 16, 213.5 call for 1.26, I’ll set a stop in 30 minutes at 1.10 or so.
$SVXY #ShortPuts #IRA – betting…
$SVXY #ShortPuts #IRA – betting AGAINST a 33% drop in the stock from 60 to 40
Sold SVXY Oct 7 2016 40.0 Puts @ 0.70
Sold SVXY Oct 21 2016 40.0 Puts @ 1.10
SVXY
STO October 21, 40 puts @1.05
$SVXY #ShortPuts – SVXY briefly…
$SVXY #ShortPuts – SVXY briefly broke 60. Wow!!
Sold 2 SVXY Sep 16 2016 54.0 Puts @ 0.60 – expires Friday
Sold 1 SVXY Dec 16 38.0 Put @ 2.20. Breakeven = 35.80
$UVXY #ShortCalls – these are…
$UVXY #ShortCalls – these are all partially hedged with long stock. I’m staying small and at the TOP of the Chain –
Sold 1 UVXY OCT 7 2016 40.0 Call @ 2.29
Sold 1 UVXY OCT 14 2016 40.0 Call @ 2.82
Sold 1 UVXY OCT 21 2016 55.0 Call @ 2.01
Sold 1 UVXY OCT 28 2016 40.0 Call @ 3.80
Sold 1 UVXY NOV 18 2016 45.0 Call @ 3.85
Sold 1 UVXY Dec 16 2016 55.0 Call @ 4.47
Sold 1 UVXY Jan 20 2017 60.0 Call @ 5.00
Third signal fired on VIX Indicator
#VIXindicator A third signal just fired, after the two on Friday, as VIX is up 25% from yesterday’s close.
Of the 36 corrections since 1/1/2000, a third signal fired 29 times. A fourth signal fired 22 times. So based on that data there is just under a 25% chance that we’ve reached the bottom of the correction.
VXXgame trades
#VXXGame These are my first volatility sales in this correction:
STO $VXX Oct 21st 65 calls for 1.10
STO $UVXY Sept 15th 30 calls for .70
STO $UVXY Dec 55 call for 4.40
STO $UVXY Jan 2017 60 call for 5.10
T2108
Anyone know where the T2108 is trading today?
SPX put roll sold
#SPXcampaign Sold to open $SPX Oct 7th 1980/1955 put spreads for 1.80, with SPX at 2124. This is a roll from Sept 30th put spreads stopped on Friday for 2.60. I used 1.5x position size for a small overall credit on the roll.
NUGT STO BeCS Sept 16…
NUGT STO BeCS Sept 16 $18/24 calls for net $2 early this morning, wish I sold more.
DUST STO Sept 16 $39…
DUST STO Sept 16 $39 call for $1 (covered), earlier this morning – should have waited :+)
UVXY STC Sept 16 $18…
UVXY STC Sept 16 $18 put for 0.02, sold 8/12 for 1.70
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT Sep 30 2016 14.0 Puts @ 0.60 with the stock at 18.56
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Sep 16 2016 55.0 Puts @ 0.55 with the stock at 60.66
UVXY #ShortCalls – added on…
UVXY #ShortCalls – added on to positions for this week
Sold UVXY Sep 16 2016 29.0 Calls @ 0.88 with the stock at 25.24
Sold UVXY Sep 16 2016 30.0 Calls @ 0.66 with the stock at 25.07
$SVXY – STO $SVXY October…
$SVXY – STO $SVXY October 21 50 put @ 2.30 filling in an October ladder.
SPX Put spreads sold
#SPXcampaign Sold to Open $SPX Oct 14th 1940/1915 put spreads @ 1.35, with SPX @ 2126
UVXY Dec
Sold $UVXY Dec 18 55 call @ 4.30. Highest strike.
#VXXGame
Closing covered calls in SVXY
Not much left here so I’m taking this one off and I’ll re-enter when the market moves back up.
Bought to close $SVXY Sep 16 70 calls @.14. Sold for 1.50.
SVXY
STO January 40 puts @3.30
IBB adding
Sold IBB DEC 16 2016 260.0 Put @ 7.70
NUGT
STO October 21, 15 puts @1.40
DUSTing off Dec
Sold $DUST Dec 16 60 call @ 4.00. Highest strike.
SVXY puts
Sold SVXY OCT 21 2016 50.0 Put @ 2.50
Sold SVXY DEC 16 2016 40.0 Put @ 2.25
SPX puts sold
#SPXcampaign Sold to Open $SPX Oct 14th 1950/1925 put spreads for 1.35, with SPX at 2129.
LULU #earnings It looks like…
LULU #earnings
It looks like I’m going to be put 100 shares of LULU on Friday from an earnings trade gone bad. I sold an IC and the 70/65 spread is in the money. I can sell the 65 put and have a cost basis of about 68 with LULU hovering at 65, sell calls to get out of it, or I can take the loss which will be around $400-ouch.
Any suggestions?
SPX ITM roll
#SPXcampaign I’ve been rolling this one for a few weeks, started as the Aug 18th 2130/2165. I waited until one week before expiry and roll 5-points higher, adding an additional call or put spread as necessary to make up for lost premium in each roll.
This week is the first time I’m making the roll while the full spread is OTM. This allowed me to jump 15 points higher. Now I can roll the spread higher when and if the short strike becomes ATM.
Bought to close $SPX Sept 15th 2150/2175 call spreads for 6.00. Sold for 19.50 last Tuesday.
Sold to Open $SPX Sept 23rd 2165/2190 call spreads for 6.00.
UVXY call spreads
Sold UVXY OCT 21 2016 25.0/35.0 Bear call spread @ 1.55 (high risk!)
Sold UVXY NOV 18 2016 30.0/40.0 Bear call spreads @ 1.15
Nov UVXY calls
#VXXGame Sold $UVXY Nov 18 45 calls @ 2.00. Highest strike.
Options Bistro 