Jeff 2:24 pm on Thursday, September 22, 2016
Tags: VIXIndicator ( 294 )

Downside Warning canceled

#VIXIndicator With today’s close below the 78.6% Fib line on the VIX chart, the downside warning is canceled.

Of the 36 VIX Indicator corrections since 2000, a canceled Downside Warning led to an Upside Warning 26 times, or 72%. An Upside Warning occurs after three consecutive closes below the 78.6 line, which currently is 13.05 on the VIX. The average time between a canceled Downside Warning and an Upside Warning is 5.7 trading days.

(For the 10 times an Upside Warning did not follow, it was an average of 16 trading days until a new Downside signal).

We are still using the VIX Aug 9th low of 11.02. The levels for new Downside signals to fire are 15.03 (25% above 2-day closing low), and 16.53 (50% above Aug 9 low).

Option Iceman 1:17 pm on Thursday, September 22, 2016
Tags: ShortCalls ( 979 )

$SVXY #ShortCalls – sold a…

$SVXY #ShortCalls – sold a bunch of things at the open and then couldn’t get anything else done the rest of the day at the limits I set after the fills.
Sold SVXY Sep 23 2016 77.0 Calls @ 0.20 – these expire tomorrow
Sold SVXY Sep 30 2016 80.0 Calls @ 0.30 – for next week with the strike above the 2016 high
Sold SVXY Oct 14 2016 85.0 Calls @ 0.45
Sold SVXY Nov 16 2016 90.0 Calls @ 1.70
Sold SVXY Dec 16 2016 90.0 Calls @ 3.10
Sold SVXY Dec 16 2016 95.0 Calls @ 2.00

jdietz1954 1:06 pm on Thursday, September 22, 2016

$SVXY

Sold Oct 21st 60 Put @ 1.30 when $SVXY was trading at 74.82.

rknight52 12:41 pm on Thursday, September 22, 2016

$VIX call spread

Bought vertical, can’t believe I did that, but volatility has to come back in.
BTO Oct 19 14/17 for 0.95.
Similar to TT.

jdietz1954 12:37 pm on Thursday, September 22, 2016

$SVXY

Sold both of these covered positions these earlier today:

$SVXY Oct 14th 80 Call @ 1.40 when SVXY was at 73.90

$SVXY Oct 21st 80 Call @ 2.10 when SVXY was at 74.58

thomberg1201 12:19 pm on Thursday, September 22, 2016

AZO closed yesterday’s earnings trade…

AZO closed yesterday’s earnings trade for 1.00, sold for 2.00.

rknight52 11:14 am on Thursday, September 22, 2016

$AMZN call spread

STO Oct 21 815/820 BeCS for 1.90.
Expecting this to pull back a bit.
Recognize this is a little risky with this market.

Jeff 11:11 am on Thursday, September 22, 2016
Tags: SPXcampaign ( 2,265 )

SPX puts sold

#SPXcampaign Sold to Open $SPX Oct 20th 2050/2025 put spreads for 1.30, earlier when SPX was at 2173.

Kelly 10:16 am on Thursday, September 22, 2016

$UVXY

Looks like $UVXY has been at an all time low pretty much all day today.

Sam KS 10:15 am on Thursday, September 22, 2016

SolatCity Put

STO SCTY 10/28 – 16 PUT sold for $1.25

16.20 is 52 weeks low and bounced recently twice at 16 range, tring for the third time. if assigned cost basis 14.75

fuzzballl 10:03 am on Thursday, September 22, 2016

/ES Eminis…just dabbling with a little hedge

Sold /ES @ 2168.75
Sold /ES Sep 30 (EOM) 2170.0 Put @ 12.75

These trade at 50 dollars per point:

Max gain to the downside of 11.50 ($575)
Breakeven to the upside of 2181.50 where I would then roll up the puts or sell them again if it looks toppy.

Kelly 9:59 am on Thursday, September 22, 2016
Tags: ContangoETFs ( 446 )

$SVXY

Initiated Sept 30 $75 covered call this morning @ $72.75

With $VXX nearing a new all time low and with the amount of contango in the $VIX term structure, I think $SVXY will be grinding higher for a while. Would have been better to do this right after the fed announcement. I got too focused on looking for $UVXY trades and missed that opportunity. I still think this a simple way to hit some singles.

#contangoetfs

fuzzballl 9:41 am on Thursday, September 22, 2016

WYNN adjustment

I’ll try to keep it short…LOL

Had 108/103 BuPS this week against next week 103/108 Becs. On the pullback sold to close this week 103 long puts @ 1.83. Also rolled short 108 puts to next week 108 puts @ .46 credit.

This leaves next week:

103/108 Bear call spreads against 108 naked puts. All together credit received of 8.30. Either we rally up through 108 and Becs is max loss and naked puts are worthless for 3.30 net gain OR we tank and BeCS goes out worthless and still have naked puts at about 99.70 basis. At that point I would probably sell bear call spreads again.

Still no regrets on trying to turn the DR loser into a winner!

1strangealien 9:22 am on Thursday, September 22, 2016

NUGT

Earlier today, STO NUGT Oct07’16 25 CALLS @ 1.2 (covered). Wish I’d a sold em at the opening bell… Oh well.

Also just now, STO NUGT Oct21’16 18 PUTS @ 1.00.

thomberg1201 9:17 am on Thursday, September 22, 2016

FEYE sold Oct. 21 16…

FEYE

sold Oct. 21 16 calls for .37, covered, reducing cost basis

tabortrader 8:15 am on Thursday, September 22, 2016
Tags: SPXcampaign ( 2,265 )

$SPX call spreads sold

#SPXcampaign – Sold To Open SPX Oct 28 2245/2270 calls @ 1.50 with SPX at 2176

Option Iceman 7:58 am on Thursday, September 22, 2016
Tags: ShortCalls ( 979 )

$NUGT #ShortCalls – Sold NUGT…

$NUGT #ShortCalls – Sold NUGT OCT 21 2016 36.0 Calls @ 0.55 with the stock at 23.69
and Sold 1 NUGT MAR 17 2017 52.0 Call @ 2.40 (Top of the Chain)

fuzzballl 7:56 am on Thursday, September 22, 2016

CMG adjustment

Rolled this week’s 407.5 call out to next week 415.0 @ .25 credit.

This is inverted against an Oct 435 put. Total credit received so far of 23.85. Still bullish here. Ideal position price would be up near 435 by Oct expiration with calls rolled up to near a strangle.

tabortrader 7:53 am on Thursday, September 22, 2016

SVXY puts closed

BTC $SVXY Oct 21 50 put @ .50 sold on Sept 13 @ 2.22 closing at 74%
BTC $SVXY Dec 16 35 put @ .75 sold on Aug 1 @ 2.02 closing at 60%

fuzzballl 7:49 am on Thursday, September 22, 2016

REGN playing it safe

Bought to Close REGN SEP 23 2016 400/375 Bull put spread @ 1.15 (sold for 5.15 last Friday)

Replacing it with:

Sold REGN OCT 21 2016 380.0/440.0 Strangle @ 7.50

Jeff 7:20 am on Thursday, September 22, 2016
Tags: Earnings ( 3,108 )

AZO earnings

#Earnings The small move is a thing of beauty. With 30 days to expiry, I have orders in to close naked options at .20, and the iron condors at .40. Will close earlier if margin becomes an issue, or if price starts moving dramatically.

Jeff 7:13 am on Thursday, September 22, 2016

TICK highs

On TC2000 charting, the opening TICK this morning was the highest reading since June of 2013. This will differ in other platforms, but indicates very strong buy programs.

rknight52 7:01 am on Thursday, September 22, 2016

SPX another iron condor closed at 60%

BTC Oct 14 2265/2255/2010/2000 IC at 60% max profit.
At these strikes probably could have held for more, but trying to stay disciplined.

tabortrader 6:55 am on Thursday, September 22, 2016
Tags: SPXcampaign ( 2,265 )

SPX put spreads closed

#SPXcampaign Bought To Close Oct 14 1940/1915 put @ .15 sold on Sept 13 @ 1.35

Addy 6:50 am on Thursday, September 22, 2016

BOT UVXY 16 DEC 16…

BOT 16 DEC 2016 50 CALL @1.30 sold on 9/16/2016 at 3.80

Addy 6:49 am on Thursday, September 22, 2016

BOT UVXY 16 DEC 16…

BOT UVXY 16 DEC 16 55 CALL @1.15 sold on 9/16 at 3.20

Jeff 6:48 am on Thursday, September 22, 2016
Tags: SPXcampaign ( 2,265 )

Every time I’m almost out, they pull me back in

#SPXcampaign

Well, looks like the ITM rolling goes on. Was previously able to roll my ITM call spread up to a 2165 short… It went ITM again this morning, and this close to expiration I cannot wait to see how the week will end as the spread price will increase very quickly if SPX continues to rise.

Bought to close $SPX Sept 23rd 2165/2190 call spreads for 13.75. Sold for 6.00 last week.

I will look to roll into a condor later this morning. Another week, another roll!

Jeff 6:41 am on Thursday, September 22, 2016
Tags: SPXcampaign ( 2,265 )

SPX puts closed

#SPXcampaign
Bought to close $SPX Oct 7th 1980/1955 put spreads for .20. Sold for 1.80 on Sept 13th (as a roll).
Bought to close $SPX Oct 7th 2000/1975 put spreads for .20. Sold for 1.33 on Sept 9th.
Bought to close $SPX Oct 14th 1950/1925 put spreads for .20. Sold for 1.33 on Sept 13th.