Max Gain
$SPX 2250/2225 BECS
$SPX 2065/2090 BUPS (Jeff nice call)
$AMZN 747.5/762.5 BUPS (Thanks @privatetrader)
$IBB 275/282.5 BUPS
$REGN 375/390 BUPS (Thanks @fuzzballl)
$STX 35 put
$SVXY 60 put
$SVXY 45 put
$TWLO 54 put
Lost all
$TLT 138 call
Assigned
$ETE @ 17.50 Basis 17
will be short 100 shares of SVXY from a 63 call, cost basis of 68. I’ll sell some puts, as I’ve learned here, and wait for a correction.
#OptionsExpiration It’s been a good month with the small correction backing me out of pressured call positions. But still got stuck paying up to close one yesterday that would have expired worthless today.
— Expiring w/max gain —
NUGT 18 puts
NUGT 25 and 30 calls
SPX 2090/2065 put spreads. Sold for 1.70 on Wednesday
SPX 2110/2235 call spreads. Sold for 4.75 on Sept 2nd
— Expiring w/max loss —
TLT 138 long calls
#OptionsExpiration #Weeklys #Sep23 – A good week for expiring options. I only had to roll a couple of $SVXY short calls up and out and my biggest position (SVXY 75.0 Calls sold @ 4.38 on a rollup) expired today.
I continue to agressively over-write $UVXY calls against some long stock but fear that the stock losses will overtake the weekly options gains eventually.
DUST (Weekly) Sep 23 2016 38 Calls
MRO (Weekly) Sep 23 2016 16.5 Calls (Covered)
MYL (Weekly) Sep 23 2016 41 Puts
NUGT (Weekly) Sep 23 2016 15 Puts
SVXY (Weekly) Sep 23 2016 45 Puts
SVXY (Weekly) Sep 23 2016 50 Puts
SVXY (Weekly) Sep 23 2016 75 Calls (Covered)
SVXY (Weekly) Sep 23 2016 76 Calls (Covered)
SVXY (Weekly) Sep 23 2016 77 Calls (Covered)
UVXY (Weekly) Sep 23 2016 25 Calls (Covered)
UVXY (Weekly) Sep 23 2016 26 Calls (Covered)
UVXY (Weekly) Sep 23 2016 26.5 Calls (Covered)
UVXY (Weekly) Sep 23 2016 27 Calls (Covered)
UVXY (Weekly) Sep 23 2016 30 Calls
UVXY (Weekly) Sep 23 2016 30.5 Calls
UVXY (Weekly) Sep 23 2016 31 Calls
UVXY (Weekly) Sep 23 2016 31.5 Calls
UVXY (Weekly) Sep 23 2016 32 Calls
UVXY (Weekly) Sep 23 2016 32.5 Calls
UVXY (Weekly) Sep 23 2016 33 Calls
UVXY (Weekly) Sep 23 2016 34 Calls
UVXY (Weekly) Sep 23 2016 35 Calls
UVXY (Weekly) Sep 23 2016 40 Calls
UVXY (Weekly) Sep 23 2016 45 Calls
SVXY 58 puts expired today, opened Aug 8 @ 2.50.
Have a great weekend everyone.
Only #VXXgame expirations this week.
$SVXY $55 puts
$SVXY $60 puts
$UVXY $23 calls
$UVXY $30 calls
$UVXY $32.5 calls
$UVXY $35 calls
$UVXY $40 calls
$UVXY $45 calls
Have a great weekend everyone.
#optionsexpiration
Only in these for one week and three weeks. IBB at resistance and more than 50 percent of max gain already achieved so taking them off. Debate Monday night might put drug companies back in the spotlight so could possibly get a chance to sell ’em again with 84 days still left.
Bought to close IBB DEC 16 2016 250.0 Put @ 2.50 (sold for 5.70)
Bought to close IBB DEC 16 2016 260.0 Put @ 3.60 (sold for 7.70)
Sold $UVXY Nov 4 29 calls @ 1.10. Highest strike in the newest weekly series.
#VXXGame
#ContangoETFs BTC NUGT Sept 30th 25 calls for .20. Sold for 1.00 on 9/16.
Thrilling day!
STO – CRM NovWk1 67.5 Put sold for $1.40
Salesforce is trading about 5.5% lower on the news, suggesting investors might disagree with the logic of a Twitter acquisition.
On daily chart (link below) seems trading in the lower end (2 SD) of bollinger bands, 67.5 will typically act as support from last gap up. Stop at about 66 price range.
https://www.tradingview.com/x/9PVtZuE0/
$SVXY #CoveredCalls #Rollup – Another one.
Bought to close SVXY Sep 23 2016 70.0 Calls @ 4.35 (originally sold @ 5.20 so a win-win)
Sold SVXY Oct 21 2016 75.0 Calls @ 4.45 – increased the strike price 5 points plus a 0.10 credit.
Options this deep in the money are a bit harder to roll but got it done.
$UVXY #ShortCalls #VXXGame – selling some for next week as the VIX index hovers around 12.50 and UVXY trades at 16.50 –
Sold UVXY Sep 30 2016 22.0 Calls @ 0.17
Sold UVXY Sep 30 2016 22.5 Calls @ 0.15
Sold UVXY Sep 30 2016 23.0 Calls @ 0.13
Sold UVXY Sep 30 2016 23.5 Calls @ 0.11
$MYL #ShortPuts #FallingKnife – Bought to close MYL Sep 23 2016 41.0 Puts @ 0.01 free up margin and avoid an afternoon swoon in the market and the stock.
Sold @ 0.48 in late August
Sold GS SEP 30 2016 167.5 Calls @ .95
Replacing this week’s expiration…covered by long Leap calls.
I forgot to post this.
STO October 28, 55 puts @1.00 again staying small.
Sold to open, October 21, 60 puts @1.20 but staying small.
Still rolling this inverted position and still collecting nice weekly premium…
Rolled Sep 23 18.5 calls out to Sep 30 18.5 @ .34 credit.
These are against Oct monthly 26 puts at a 3/2 ratio now (3 calls per 2 puts). Considering on my next roll going out to Oct monthly and higher to hopefully get the calls to expire. At that point I could do an aggressive roll down of the ITM puts to strangles. That would be a big step in finally getting out of this. In the meantime…cash coming in every week.
STO $SVXY Oct 21 60 puts @ 1.30 SVXY trading at 74.13
jdeitz1954 – thanks for the idea from yesterday.
Sold $TWTR Nov 18 26.00 calls @ 1.08
$SVXY #CoveredCalls #Rollup – working on a couple of these today.
Bought to close SVXY Sep 23 2016 71.5 Calls @ 3.28 (originally sold @ 5.90 so a win-win)
Sold SVXY Oct 28 2016 79.0 Calls @ 3.58 – increased the strike price 7.5 points plus a 0.30 credit.
#SPXcampaign The Position chart is now updated.
Yesterday I had to stop out of this week’s 2165/2190 for 13.75. I didn’t get filled on attempts to roll to a new call spread. The only partial reverse-roll I got was:
Sold to Open $SPX Oct 14th 2100/2075 put spreads for 2.10.
Was hoping for more strength this morning to get a call spread… will do my best to make up the premium.
Options Bistro 