$UVXY #VXXGame – I guess all of yesterday’s call sales were timed correctly
Monthly Archives: September 2016
$NKE #ShortStrangle #Earnings – Sold…
$NKE #ShortStrangles #Earnings – Sold NKE Sep 30 2016 51.0/59.0 Strangle for 0.42
edit: Also Sold NKE Sep 30 2016 51.5/60.0 Strangles for 0.40
Short puts on CRI
Taking advantage of today’s downgrade to sell puts on a stock I wouldn’t mind owning at the strike price, about 10 points lower than it is now, and a level the stock hasn’t been since early 2015.
Sold $CRI Dec 16 80 puts @ 1.35
$SVXY #ShortCalls – Sold SVXY…
$SVXY #ShortCalls – Sold SVXY Oct 7 2016 80.0 Calls @ 0.50. very wide b/a spread
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT Oct 7 2016 16.0 Puts @ 65 with the stock at 18.0
SVXY closed Oct. 7 65…
SVXY
closed Oct. 7 65 put for .62, sold yesterday for 1.46
NKE earnings
#Earnings Neutral play on NKE… needs to end the week between 53.50 and 58.50. Max risk, .43, max gain 1.57. Thanks @rknight52 for the idea.
Sold to open $NKE Sept 30th 53/55/57 iron butterfly for 1.57.
Buy 1x 57 call
Sell 1x 55 call
Sell 1x 55 put
Buy 1x 53 put
Recent 1-day moves on NKE earnings:
June 28, 2016 AC 3.84%
March 22, 2016 AC -3.79%
Dec. 22, 2015 AC -2.36%
Sept. 24, 2015 AC 8.89%
June 25, 2015 AC 4.26%
March 19, 2015 AC 3.72%
Dec. 18, 2014 AC -2.30%
Sept. 25, 2014 AC 12.22%
June 26, 2014 AC 1.06%
March 20, 2014 AC -5.12%
Dec. 19, 2013 AC -1.17%
Sept. 26, 2013 AC 4.69%
Average move: 4.5%
NKE earnings anyone?
After close today. Looking at condor or butterfly.
SPX — another iron condor out for profit
BTC Oct 21 2240/2230/2000/1990 IC for 60% max profit.
Will continue to exit at these levels. As soon as I’m in these condors, I set the close order at 60% max profit.
/ES again….let’s see if the 50ma holds
SOLD /ES @ 2151.00
SOLD /ES SEP 16 (EOM) 2150.0 Put @ 10.25
Max gain of 11.25 points and breakeven at 2161.25 (just below the 50)
Otherwise, sell another weekly next week for about 15 points….
SPX call spread sold
#SPXcampaign Sold to Open $SPX Oct 28th 2230/2255 call spreads for 1.30, with SPX at 2159.
SPX call spread
SPX oct wk4 2230/2250 sold for $1.20 when spx at 2158 and short delta 9.
GLD starter
Looking at this as a longer term position to trade around so starting with a fairly wide strangle…pretty liquid with decent premium and weeklies. Staying small!
Sold GLD OCT 21 2016 123.0/129.0 strangles @ 1.33
TLT roll
Rolled Oct monthly 133 puts up to 137 for .95 credit. Position is now 137 straddle for 2.85 credit. One side has to expire then adjust accordingly after that.
GS adjustment
Taking a fairly aggressive shot here betting overhead resistance will be strong. If not, I may have to give this all back on the roll to next week…
Rolled this week’s 167.5 short calls down to 162.5 for .90 credit. Of course I did it right before the consumer confidence number came out.
Bought Back Early
$SPX 10/7 2265/2240 BECS @95% profit
VIX Indicator and SPX Chart updated
#VIXIndicator Today we were denied a third consecutive close below the 78.5 line on the VIX (13.05), so there is no Upside Warning.
The market may react to tonight’s debate; I lean a bit bullish in sentiment as I believe it could be sell the anticipation then relax and resume buying after it’s over. But that’s only a guess and I don’t expect to be very surprised by anything tomorrow… just ready to trade it.
If there is a negative reaction, it will likely fire a signal and put us on a correction watch again.
#Debates I’m treading really lightly…
#Debates
I’m treading really lightly here on bullish trades. Tonight’s debate (projected to be the most watched event in US television history) has the potential to show some direction in the race. Market could have a lot of downside this week depending on what happens. I’ll look to pick off some OTM #VXXGame trades tomorrow morning if there’s a big swoon down.
STO $SPX Oct 14 2035/2010…
STO $SPX Oct 14 2035/2010 put spreads @ 1.35. Reloading put side of IC 1914/19145 BTC Sep 22.
SOLD SPX 100 (Weeklys) 14…
SOLD SPX 100 (Weeklys) 14 OCT 16 2045/2020 PUT @1.35
BOT SPX 100 (Weeklys) 28…
BOT SPX 100 (Weeklys) 28 OCT 16 2270/2295 CALL @.20 CBOE sold on 9/2/2016 at 1.60
BOT SPX 100 (Weeklys) 28…
BOT SPX 100 (Weeklys) 28 OCT 16 2260/2285 CALL @.25 CBOE Sold on 9/2/2016 @2.50
Followed the brain trusts
Sold $UVXY 9/30 18 put @ 1.08
Sold $UVXY 11/18 45 call @ 1.45
Sold $UVXY 12/16 55 call @ 1.79
And
Sold $FB 9/30 18 put @ .71
Sold $TWLO 9/30 63.50 put @ 2.40
SPX calls spreads closed
#SPXcampaign Bought to close $SPX Oct 5th 2215/2240 call spreads for .20. Sold for 1.75 on Sept 12th.
Bought to close $SPX Sept 28th 2190/2215 call spreads for .20. Sold for 4.50 on Sept 9th.
$AMZN – put spread sold for IC
Completed an iron condor that I started last week. Last week sold the call spread for 1.90. Today sold the put spread for 0.55, total of 2.45 for a 5 point spread.
Oct 21 820/815/755/750 for 2.45 total.
SVXY A call from TDA,…
SVXY
A call from TDA, I can’t be short 100 shares of SVXY or any leveraged product, sure glad the market is down today, lesson learned, loss of a few hundred, could have been worse.
/ES hedge
Taking it off at about 80 percent of max profit. This was a short future against a short put sold last Thursday… I’ll be looking to sell it again on any strength.
Bought to close /ES @2142.50 (sold for 2168.75)
Bought to close /ES SEP 16 (EOM) 2170.0 Put @30.25 (sold for 12.75)
Max gain on the trade was 11 points and closed for 8.75 gain.
$SVXY
Sold Oct 21st 75 calls at 3.30 against my long stock. This is the last of my long stock in this account. I will take assignment at this level and begin the process all over again. See if I can do better this next time around.
SVXY sold Oct. 7 65…
SVXY
sold Oct. 7 65 put for 1.46
$UVXY #ShortCalls #VXXGame – Top…
$UVXY #ShortCalls #VXXGame – Top of the chain trades
Sold UVXY Oct 21 2016 55.0 Calls @ 0.36
Sold 1 UVXY Nov 4 2016 29.0 Call @ 1.64
Sold UVXY Dec 16 2016 55.0 Calls @ 1.78
Sold UVXY Jan 20 2017 60.0 Calls @ 2.33
Sold UVXY Mar 17 2017 60.0 Calls @ 3.40
SPX put spreads
#SPXcampaign Sold to Open $SPX Oct 28th 2000/1975 put spreads @ 1.35, with SPX @ 2151. Makes an Iron Condor with Oct 28 2245/2270 call spreads @ 1.50 STO on Sep 22. Thanks Jeff
Bought to Close $SPX Oct 7 2225/2250 cake spreads @ .20, STO on Sep 12 @ 1.60
$UVXY #ShortCalls #VXXGame – this…
$UVXY #ShortCalls #VXXGame – this game works until it doesn’t
Sold UVXY Sep 30 2016 26.0 Calls @ 0.14 with the stock at 18.25
UVXY STO Sept 30 $18P…
UVXY STO Sept 30 $18P for 0.96, expect IV crush after debate insecurity in market.
UVXY calls
Some Iceman recommendations:
Sold $UVXY Nov 18 45 calls @ 1.35
Sold $UVXY Dec 16 55 calls @ 1.75
I was early. Premiums are better now.
SPX weekly iron condor
STO Nov 4 2240/2230/2000/1990 for 1.85
Econ Calendar for Week of Sept 26
This is quickly accessible in the menu bar, above (top/right-of-center).
FB put sold
#CoveredPuts STO $FB Oct 14th 125 put for 1.45
SPX puts sold
#SPXcampaign Sold to Open $SPX Oct 28th 2000/1975 put spreads for 1.35, with SPX at 2151.
Options Expiration 9/23/2016
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
SVXY
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.
Options Expiration 9/23/16
#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…
#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
SVXY 58 puts expired today, opened Aug 8 @ 2.50.
Have a great weekend everyone.
Options Expiration
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
IBB….book ’em
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)
UVXY calls
Sold $UVXY Nov 4 29 calls @ 1.10. Highest strike in the newest weekly series.
#VXXGame
NUGT calls closed
#ContangoETFs BTC NUGT Sept 30th 25 calls for .20. Sold for 1.00 on 9/16.
Thrilling day!
salesforce put
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…
$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…
$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…
$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
GS calls
Sold GS SEP 30 2016 167.5 Calls @ .95
Replacing this week’s expiration…covered by long Leap calls.
SVXY
I forgot to post this.
STO October 28, 55 puts @1.00 again staying small.
SVXY
Sold to open, October 21, 60 puts @1.20 but staying small.
NUGT roll
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.
SVXY puts sold
STO $SVXY Oct 21 60 puts @ 1.30 SVXY trading at 74.13
jdeitz1954 – thanks for the idea from yesterday.
Covered Calls on TWTR
Sold $TWTR Nov 18 26.00 calls @ 1.08
$SVXY #CoveredCalls #Rollup – working…
$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.
SPX ITM rolls
#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.
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).
$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
$SVXY
Sold Oct 21st 60 Put @ 1.30 when $SVXY was trading at 74.82.
$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.
$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
AZO closed yesterday’s earnings trade…
AZO closed yesterday’s earnings trade for 1.00, sold for 2.00.
$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.
SPX puts sold
#SPXcampaign Sold to Open $SPX Oct 20th 2050/2025 put spreads for 1.30, earlier when SPX was at 2173.
$UVXY
Looks like $UVXY has been at an all time low pretty much all day today.
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
/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.
$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.
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!
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.
FEYE sold Oct. 21 16…
FEYE
sold Oct. 21 16 calls for .37, covered, reducing cost basis
$SPX call spreads sold
#SPXcampaign – Sold To Open SPX Oct 28 2245/2270 calls @ 1.50 with SPX at 2176
Options Bistro 