VIX Indicator and SPX Position Chart are updated.
Daily Archives: Wednesday, September 28, 2016
Hey guy’s, I’ve been sequestered…
Hey guy’s, I’ve been sequestered in a project room at work all week so haven’t been around or even able to do much. I’ve only made 1 trade all week. On monday STO $VXX Oct 14 $45 calls @ $0.50
Hope you guy’s have been having a great trading week. Looks like there has been some activity, wish I could have participated.
Kelly
SPX calls sold
#SPXcampaign Sold to Open $SPX Oct 28th 2235/2260 call spreads for 1.25, with SPX at 2171.
SPX call rolling
#SPXcampaign This is a partial roll of the ITM roll that’s going into its third month. At least now I am selling OTM spreads, albeit pretty close.
Sold to Open $SPX Oct 14th 2185/2210 call spreads for 7.60.
I closed a spread last week for 13.75. Sold a 2.00 put spread and now this, so 9.60 total and 4.25 more to go.
Oregon Ducks
For those of you discussing NKE and the Oregon Ducks, my stepson is the second guy from the right.
NUGT popping again
Sold $NUGT Nov 4 (weekly) 29 calls for .85. Initial position at the highest strike in the 11/4 weekly series.
SPX iron condor
STO $SPX Nov 11 2255/2245/1990/1980 for 1.80.
43 DTE, will look to close at 50-60% max profit. This continues to be successful. Following the TT model (they close at 50%). Their iron condors have higher delta as they work at 1 SD, where these are closer to Jeff’s model of delta.
SPX call spread
STO $SPX oct 16 2220/2245 sold for $1.10
TLT followed from TT sold…
TLT
followed from TT sold Nov. 18 129/138/138/148 for 4.64 these trades take patience
AMZN covered call
Sold $AMZN Oct 21 860 call for 5.15. I was early. Premium is over a dollar higher now.
SPX calls closed
#SPXcampaign Bought to close $SPX Oct 7th 2215/2240 call spreads for .20. Sold for 1.50 on Sept 9th.
NKE earnings trade
#Earnings BTC NKE Sept 30th 55 calls for .10. Now need a rally back to 55 to close the puts.
WYNN adjustment
This has turned out to be a really fun trade….especially after DR closed the original idea for losses.
Bought to close WYNN Sep 30th 103/108 Bear calls spreads @ .30. I’m booking these…after the rolls accumulated premium was 4.05.
This left 108 naked puts for this Friday so:
Rolled 108 puts out to next Friday @ .44 credit (4.40 credit received so far) and:
Sold WYNN OCT 7 2016 105.0 Calls @ 1.02
Now position is 108/105 inverted strangle that has an accumulated value of 5.42. So instead of closing for a loss this WYNN position has brought in almost 9.50 in premium in just a few weeks while only using about 1300 margin per strangle.
Fuzzy happy! 🙂
$NKE #Earnings – Bought to…
$NKE #Earnings – Bought to close NKE SEP 30 2016 60.0 Calls @ 0.01. They can’t go any lower.
Still working on the puts
NUGT
BTC NUGT Oct07’16 25 CALL @ 0.10, sold for 1.20 on 9/22
SPX Interesting SPX trade at…
SPX
Interesting SPX trade at TT. Sell a Nov. 18 2160 straddle and buy an Oct. 21 2100/2200 strangle for 66.30 credit.-comments are it is a short term trade.
NKE earnings spreads – closed call side
closed the call side of the spread for 0.20. About 80% of max profit of that side.
Working on the put side now.
Closing NKE earnings strangle
Bought to close $NKE Sep 30 51/59 strangles for .06. Sold for .43 yesterday.
SPX puts closed
#SPXcampaign Bought to close $SPX Oct 14th 1980/1955 put spreads for .20. Sold for 1.50 on Sept 16th.
NKE earnings
#Earnings For the earnings 53/55/57 iron butterfly, the best outcome would be to get the down flush today, followed by buying into Friday. You may consider closing the short 55 call today, currently going for .25. This will increase your risk by .25 but allow an easier exit should we rally into Friday.
I will look for a deeper flush and consider closing the 55 call if I can get closer to .10.
Options Bistro 