UVXY STC Sept 16 $18 put for 0.02, sold 8/12 for 1.70
Monthly Archives: September 2016
$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.
$SPX call spread
STO Sep 30 SPX 2220/2230 BeCS for 0.90, to complete an iron condor for that date.
$ULTA #ShortPuts #FallingKnife – Sold…
$ULTA #ShortPuts #FallingKnife – Sold ULTA Dec 16 2016 150 Puts @ 0.45 with the stock at 235.36
TWLO PMCC
BTC TWLO 16sep16 65 call @0.10 (STO for 0.84 last week), STO TWLO 23sep16 62.5 call @0.90. Sold this against my TWLO 20jan17 55 call.
SPY BeCS
Bought to Close SPY NOV 18 2016 226.0/230.0 Bear call spreads @ .38 (sold for .60)
Just missed getting filled on the put side on Friday. Since that didn’t happen I’m taking off the call side for a decent profit.
Closing Sept VIX calls
Since these long calls expire next week, I’m dumping now with small profit rather than watch them drain to nothing. I’ve started an October VIX position at the same strike, so I will add to that as price drops.
STC $VIX Sept 20th 14 calls for 2.00. Bought for 1.75 (avg price) over the last month.
SVXY
STO January 40 puts @2.60 I my IRA account.
NVAX diagonal spread (PMCC)
BTO NVAX Jan20’17 7 call @3.00, STO NVAX Oct21’16 9 call @1.69. Earnings on Nov 8.
SPX roll sold
#SPXcampaign Sold to Open $SPX Oct 5th 2215/2240 call spreads for 1.70. This is a #ReverseRoll from the Sept 23rd 2050/2025 put spreads stopped on Friday for 2.55. I used extra contracts to give me a credit on the roll.
If this morning was the bottom, I still believe it will be unlikely to get up above 2200 by early October.
BTC SVXY JAN 19 2018…
BTC SVXY JAN 19 2018 140 call at 4.4 sold for 6.50 on 9/2/2016
Market just spiked, Vol dropped….
Market just spiked, Vol dropped. Must have liked what ever Brainard said.
TGO update
These daily videos are free…
TDA trouble?
Anyone else having trouble with TDA today? Able to log in but it won’t show my balances. Dough platform loads, and actually able to trade, but can’t see my portfolio and balances and get error messages. Went on TDA itself and the same thing happening. Could see my transactions, but not my balances and positions. What’s up?
SPX puts and calls sold for IC
Sold separately, $SPX Oct 21 1990/1980 BuPS for 0.90 and $SPX Oct 21 2230/2240 BeCS for 0.90 to complete iron condor for 1.80.
SPX calls sold
#SPXcampaign Sold to Open $SPX Oct 14th 2225/2250 call spreads for 1.30, with SPX at 2135.
$UVXY $SVXY
Adding a couple more as volatility continues to come in.
STO $UVXY Sep 23 $25 call @ $1.80
STO $SVXY Oct 7 $45 puts @ $0.75
$SVXY #ShortPuts – Sold 1…
$SVXY #ShortPuts – Sold 1 SVXY Dec 16 2016 42.0 Put @ 2.55 with the stock at 65.30
STO Sept16 115 QQQ put…
STO Sept16 115 QQQ put 1.26
SVXY
STO SVXY Oct21’16 55 PUT @ 2.90
#VXXGame Got these fills at…
#VXXGame
Got these fills at or shortly after the open
$UVXY Sep 16 $32 calls @ $0.32
$UVXY Sep 16 $30 calls @ $0.45
$UVXY Sep 23 $40 calls @ $0.60
$UVXY Sep 23 $45 calls @ $0.50
$UVXY Oct 7 $30 calls @ $2.60
$UVXY Oct 7 $35 calls @ $1.84 and $1.80
$UVXY Oct 7 $40 calls @ $1.47
$UVXY Oct 14 $40 calls @ $1.80
$UVXY Oct 21 $55 calls @ $1.59
$UVXY Nov 18 $45 calls @ $3.20
$SVXY Sep 30 $50 puts @ $1.05
$SVXY Oct 7 $50 puts @ $1.25
$SVXY Oct 14 $45 puts @ $1.10
$SVXY Oct 21 $40 puts @ $0.85
Putting some cash to work, mostly short term. Will look for some longer term opportunities now.
$NUGT #ShortPuts #Weeklys – sold…
$NUGT #ShortPuts #Weeklys – sold these on the opening this morning with the stock at 18.33
Sold NUGT Sep 16 2016 17.0 Puts @ 0.60
Sold NUGT Sep 23 2016 15.0 Puts @ 0.60
Sold NUGT Sep 30 2016 14.0 Puts @ 0.60
Sold NUGT Oct 07 2016 13.0 Puts @ 0.60
Staying small and using an #OptionLadder approach
SPX calls closed
#SPXcampaign In pre-market, bought to close $SPX Sept 30th 2245/2270 calls for .20. Sold for 1.35 on Aug 29th.
Looking to sell calls this morning, and wait to sell puts at lower levels.
$SVXY #ShortPuts #Weeklys – sold…
$SVXY #ShortPuts #Weeklys – sold these on the opening this morning with the stock at 65.41
Sold SVXY Sep 16 2016 50.0 Puts @ 0.20
Sold SVXY Sep 23 2016 45.0 Puts @ 0.40
$UVXY #ShortCalls #Weeklys – sold…
$UVXY #ShortCalls #Weeklys – sold these on the opening this morning with the stock at 23.08
Sold UVXY Sep 16 2016 29.0 Calls @ 0.66
Sold UVXY Sep 16 2016 29.5 Calls @ 0.66
DUST calls
Sold $DUST Nov 18 60 calls @ 3.02. Highest strike.
#Market Looks like future are…
Looks like future are steadily improving and not going to see a gap lower at the open. $UVXY looking like it is now flat to Friday’s close even though $VIX is higher (19 at this moment, but dropping from 20.5) . Will be looking to open a number of #VXXGame trades at the open since I didn’t put on any trades late in the day on Friday sort of expecting more downside follow through today. I put in a bunch of orders, we’ll see how many actually get filled.
VIX Indicator
A DOWNSIDE WARNING is in effect.
It was established Friday, when VIX exceeded 14.93 (25% above the 2-day low), and 16.53 (50% above August 9 low).
Since 1/1/2000, there have been 36 downside warnings. The subsequent high in the VIX is reached on an average of 12 trading days after the Warning, which in this case would be Sept 27th. The range has been from zero days (happened 3 times) to a max of 50 days (in 2007).
After the Warning, there is usually at least some upside retracement in the SPX before the VIX high is reached, but it is usually minimal and early. The average SPX rally high is only 1.9% above the Warning-day low, and happens on an average of 4 days after the warning. This would mean a high of 2168.24 reached this coming Thursday, before we collapse to new lows. Again, this is based on averages.
Additional signals that occur now will indicate worsening conditions, but also could signal a correction bottom. Monday’s next signals are 21.88 (25% above Friday’s close), and 22.04 (100% above Aug 9th low). After a warning there is a 86% chance at least one more signal will fire, and only an 8.3% chance that the Warning day is also the VIX high.
VIX low was 11.02 on Aug 9th; VIX high Friday was is 17.54. To cancel the Downside Warning, we must have one close below the 78.6% Fib retracement, which is 12.42. This level will change anytime the VIX hits a new intraday high.
Let me know if there are any questions! #VIXIndicator
VIXcontango.com highlights
First, let’s quantify the day yesterday. Yesterday’s nearly 40% jump in the VIX was the 11th biggest VIX daily spike in history. There are 6726 trading days in the VIX so the chance that any given day will be in the Top 11 is 11/6726 or 0.16%. As you can see from the table below 5 of the top 20 biggest daily spikes have happened in 2015 and 2016. There is no other 2 year period with 5 such days in the top 20 – not 2010-11, not 2007-08 and certainly not many before 2007. In fact 14 of the top 20 (70%) are since 2005 when Regulation NMS was passed by the SEC thus giving rise to the High Frequency Traders.
In addition, even though there have been spikes in volatility when the SPX is near an All-Time High, the SPX usually has not lost 50 points in a day this close to an All-Time High. The biggest such day prior to yesterday was -36 points on April 15th in 2013. The other days the SPX lost around -15 points.
Not only was the 50 point loss the biggest this close to an all-time high, but also the drop below the MA50 which is normally a big support level was also rather astounding. There are only 10 instances when the SPX opened above the MA50, dropped below the MA50 and proceeded to lose more than 30 points after that. The average drop through the MA50 is about 7 points with a standard deviation of 10 points. So dropping 36 points below the MA50 is a 3 standard deviation event (3 sigma event or 0.3% occurrence). As you can see most of these have happened during Bear Markets or during some large international crises like in 1997 or in June 2016 (Brexit). For this to happen out of the blue yesterday on no real news is rather astounding.
In fact, the only other day that bears resemblance to this VIX spike is 2/27/2007 which was triggered by a selloff caused by the government of China intervening in the Shanghai market to stop a 10% selloff there.
A Unicorn Day
Yesterday was a day that couldn’t be predicted with any of the usual methods of analysis – fundamental, technical or volatility analysis.
From a fundamental perspective stocks are fully valued, but GAAP earnings are on the way up. Also the US and overall global GDP is on an upswing in Q3. Moderately rising yields in Japan, Europe and the US normally trigger a rotation from expensive defensives to cheaper cyclical sectors. All of these are factors that dampen volatility and make the presence of high volatility days less likely.
From a technical perspective, there was no topping or reversal pattern. Big days like this are preceded by big hesitation, high volume days, some kind of a multi-day topping pattern as well. There are no such patterns to be seen. From support/resistance perspective, we had 3 pretty big support levels at 2160, 2150 and 2135 that should have held but didn’t.
From “trend following” perspective, indeed the Bollinger Bands are tightening and the near-term averages are bunched up, but the slope of these is positive so it is very unlikely for a big down day like this to transpire.
From a “mean reversion” perspective, you really can’t say that yesterday was a “mean reversion” move because the 50MA is the mean. The SPX had mean reverted by going nowhere for 2 months.
From a volatility perspective, volatility has been very calm, I would say too calm, but still this is a 3 sigma event based on the recent volatility profile and 2.5 sigma (2% occurrence) event on a more normal volatility profile. Again something that normally would not happen even if the VIX was in the 15-16 range the day before.
So what was the cause for the selloff yesterday?
I find it hard to believe that a speech by a FED president many people ignore triggered such a massive move. So all of a sudden the market doesn’t listen to Stanley Fischer and Janet Yellen, but it does listen to Eric Rosengren. Really?!? I also don’t really buy the argument that a 0.10% jump in the 10-Year Treasury yield triggered this selloff either. Yields are still at 1.67%, levels the market has traded below in only 143 out 13649 trading days in its history. That would be 99.9895% of the time people bought treasuries at higher yields. The story that you have a bond selloff on the horizon because Japan and Europe think that negative rates are not beneficial is not credible. Central banks may not like negative but they still very much like zero. So rates will go up 25-50% basis points. I am not sure why that would somehow trigger a larger escalation. So forgive me if I don’t think 1.67% 10-Year Treasury yield is a reason for a bond driven stock market selloff. I also don’t buy that North Korea nuclear test is the reason. North Korea has had other such tests, they didn’t trigger large market moves.
The most plausible explanation I have is that the market has traded in that 2160-2190 range for so long that any technical break of these levels will trigger stops, short covering and the algorithmic closing of trades tends to extend the move. What I have a hard time reconciling is that the move would be so extended. Essentially, we got a 1 week worth of selloff in 1 day. The only way I explain the 2.5% drop yesterday and the 5% drop after Brexit is high-frequency traders (HFT) algorithms. Once certain thresholds are broken, they hit kill switches and the liquidity evaporates from the market. For example, the market should’ve rallied at 2160 and 2150 yesterday but after 2150 broke, it was free fall from there.
This is a very disconcerting phenomenon, in my opinion, because it means that high frequency trading hasn’t made the markets more stable. They are more stable until they aren’t. There is a lot of liquidity up to a point and after that liquidity vanishes into thin air. I don’t really know what the fix for that it. So far it seems the SEC and the FED are really behind the ball in regulating the HFTs and making them responsible market participants. Until the FED and the SEC come up with a proper policy for the HFTs, these intraday flash-crashes are something that unfortunately market participants will have to continue to expect. We have had at least 3 of those crashes (Aug 2015, Brexit and yesterday) in a 1 year span – which is kind of amazing. I thought January’s controlled selloff proved that we have put the “flash crashes” behind us but apparently we have not.
Key Market Levels
This September was following the seasonal chart until Friday. Friday was supposed to be a down day and I expected that but it wasn’t supposed to be THAT big of a down day.
I don’t think the selloff that started last Friday will last very long or be very deep. I expect at most a 5-7% drawdown before the election which puts the SPX bottom in the 2035 to 2080 area. This is a typical pre-election drop and given the direction of earnings, with 2017 in mind I think this is an excellent opportunity to buy the dip. If rates are really rising, financials are a good buy here and if rates aren’t rising, what is different than before? Over the next couple of weeks and months, I will be looking to allocate the remaining 50% in the family 401(k) to stocks. If we get to the 2050-2100 area in the SPX, I think this is a really solid area to put money to work for the rest of 2016 and 2017.
SPX will meet serious support at the current 2130 level where the prior ATH was and after that at the 2100 level. The 2100 level where the higher low trendline of February and June is should be tough to overcome. And after that we have the 200MA at 2050 which is a big line in the sand.
Resistance areas on the topside is the 2165 where the 50MA is and 2175 level where the 10-40MAs are.
Sold Early
$SPX 9/26 2270/2245 BECS @95% profit
$SPX 9/23 2270/2245 BECS @92% profit
$SPX 9/16 2240/2215 BECS @92% profit
$SRPT 9/16 10/12 BUPS @ 78% profit
Expirations
$AAPL 109 call
$SPX 2055/2080 BUPS
$CMG 425 put
$UVXY 23 call
Thanks to all on the site and good luck to everyone.
Some Trades (not so hot…
Some Trades (not so hot timing – check orders awaiting fill before start of day)
STO $T 9/16 39 put @ .18
STO $T 9/16 39.5 put @ .30
STO $UVXY 9/16/25 calls @ 1.19 (covered)
STO $SVXY 12/16 45 put @ 2.75
STO $SVXY 9/16 60 put @ .80
STO $SVXY 1/20/17 40 put @ 2.65
STO $TEVA 9/16 51 call @ .48 (covered)
STO $FANG 10/21 95 put @ 2.70
STO $CMG 9/9 425 put @ .60
STO $TWLO 9/16 57 put @ 2.25
STO $STX 9/23 35 put @ .72
STO $SIMO 10/21 55 put @ 2.60
NUGT
closing Sept 09 $17 call for much better price than earlier this week. I rolled to Sept 16 $17 call for 0.25, closing SVXY $Sept 16 $60 calls for $9.40 after selling for $11.10 weeks ago. Didn’t think I’d break even/ smallish profit on this one.
Sell NUGT assigned from $17 call for $19.33. I sold option for $2.40 so another break-even relief.
Options Expiration
$NUGT $26 calls
$SVXY $58 puts
$UVXY $34 calls
$UVXY $58 calls
I was getting very low on open positions, thus this weeks expiration is very light. Next week looks to be getting sporty for the #VxxGame.
Have a great weekend everyone.
#optionsexpiration
$UVXY #ShortCalls – still getting…
$UVXY #ShortCalls – still getting fills after the close – All these are the highest available strike prices (for now).
Sold 1 UVXY Oct 7 2016 40.0 Call @ 1.45
Sold 1 UVXY Oct 14 2016 40.0 Call @ 1.85
Sold 1 UVXY Nov 18 2016 45.0 Call @ 3.10
SVXY
After the close, STO December 37 puts @1.60
Options Expiration 9/9/16
–Expiring —
$SPX Sept 9th 2120/2095 puts, sold for 1.90 on Aug 19th
$SPX Sept 9th 2200/2225 calls, sold for 8.00 on Aug 22nd
Should (finally) be an exciting market next week! I’ll be posting more data on the VIX Indicator and the current correction over the weekend.
UVXY call spreads
Filled after the close…
Sold UVXY DEC 16 2016 35.0/45.0 Bear call spreads @ 1.00
These are in an #IRA so I’ll continue adding to this even if it’s in the money. Each spread takes the same margin so might as well get as much as I can for them.
SPX puts stopped
#SPXcampaign With such an ugly close I see a very high chance that any short put spreads will open Monday at least a dollar further in the hole. So,
Bought to close $SPX Sept 23rd 2050/2025 put spreads for 2.55. Sold for 1.25 on Aug 24th. I will look to roll next week. This leaves me with only 4 put spreads going into next week, as opposed to 8 call spreads.
#OptionsExpiration #Weeklys #Sep09 – No…
#OptionsExpiration #Weeklys #Sep09 – No assignment this week as I rolled any at risk options into later weeks.
Big Monthly expiration next week.
— Expirations —
NUGT (Weekly) Sep 9 2016 15 Puts
NUGT (Weekly) Sep 9 2016 17 Puts
UA (Weekly) Sep 9 2016 34 Puts
UVXY (Weekly) Sep 9 2016 35 Calls
UVXY (Weekly) Sep 9 2016 35.5 Calls
UVXY (Weekly) Sep 9 2016 40 Calls
UVXY (Weekly) Sep 9 2016 50 Calls
UVXY (Weekly) Sep 9 2016 45 Calls
UVXY (Weekly) Sep 9 2016 58 Calls
UVXY
STO UVXY Oct21’16 35 CALL @ 2.41. This call is covered. I have a feeling I could get more on Monday but sometimes that feeling I get is just indigestion 😜
SPX Calls sold
#SPXcampaign i have been trying to sell the 2220/2245 calls all day, but price kept slipping lower. So I threw in the towel and moved a strike lower.
Sold to Open $SPX Oct 7th 2215/2240 call spreads for 1.50.
SVXY
STO December 38 puts @1.70
BTC BUTTERFLY NFLX 100 16…
STC BUTTERFLY NFLX 100 16 SEP 16 98/100/102 CALL @.30 BTO on 9/7/2016 @ 0.42
$DUST calls
Going the other way on gold, starting small.
Sold $DUST Oct 21 60 calls @ 1.20. Highest strike in Oct.
$SVXY #ShortPuts – Added some…
$SVXY #ShortPuts – Added some for next week
Sold SVXY SEP 16 2016 60.0 Puts @ 0.60
Sold SVXY SEP 16 2016 55.0 Puts @ 0.39
Turning short calls into #Strangles
SVXY
STO January 40 puts @2.60, Scaling into these with lower strikes if we keep going down. These are in My IRA.
SPX puts stopped
#SPXcampaign This one did not quite hit my 3.00 stop, but because the Downside Warning fired, I closed it early.
Bought to close $SPX Sept 30th 2050/2025 put spreads for 2.60. Sold for 1.50 on Aug 30th.
I will wait to roll this on Monday, unless we rally into close today in which case I will reverse-roll into calls.
Downside Warning Fired
#VIXIndicator And there we have it… a full warning to the downside. Two signals hit today.
More downside expected in the coming days and weeks. It is very rare for the day of a warning firing to be the low.
$TLT adjustment
Bonds are getting creamed so I’m closing my $TLT Oct 21 short 145 calls that I put on 2 days ago for over 70% max profit, rolling the calls down to 140 and adding 130 puts, creating an October 130/140 strangle with TLT now at 135.51.
Bought to close $TLT Oct 21 145 calls @ .19 (sold for .70 on 9/7)
Sold to open $TLT Oct 21 130/140 strangles @ 1.50
We may hit a Warning…
We may hit a Warning today after all… 16.53 level in sight
SVXY puts
Added another one 50 cents higher…
Sold 1 SVXY DEC 16 2016 45.0 Put @ 2.55
#Market Art Cashin often says…
#Market
Art Cashin often says that markets don’t bottom on Friday’s. So unless we get a big woosh down into the close, I’m planning to hold off until monday before making more trades. Luckily for me, my trading account was sitting very close to being all cash, had very few open positions left going into today. So I’ve got a lot of dry powder to put to work. Just did some nibbling today, early next week might provide chances to really do some selling.
I did some charting of the $SPX this morning looking at some fib levels and some other random levels.
Fib retracements from the Brexit bottom to the high.
23.6% 2146 (right where we are as I right this)
38.2% 2116
50% 2093
61.8% 2069
Fib retracements from Feb low
23.6% 2103
38.2% 2047
50% 2002
61.8% 1956
Other levels
3% pull back 2127
5% pull back 2083
Flat on year 2045
SPX reverse roll
#SPXcampaign #reverseroll
Bought to close $SPX Sept 21st 2125/2100 put spreads for 4.20. Sold for 1.90 on Wednesday.
Sold to Open $SPX Sept 28th 2190/2215 call spreads for 4.50.
This shifts the risk to the upside at around the all-time high, with no position size increase and a .30 credit.
SPX puts sold
#SPXcampaign – Sold another standard spread and a roll
Sold to Open $SPX Oct 7th 2000/1975 put spreads for 1.40.
Sold to Open $SPX Oct 14th 2025/2000 put spreads for 2.10, rolled from Oct 7th spread stopped earlier, 1.5x position size.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY SEP 16 2016 60.0 Puts @ 0.45
I still have a few of the strike 60 covered calls hanging out there for next week too.
Downside signal fired
#VIXIndicator The VIX has hit 14.93, which is 25% above the 2-day VIX closing low (11.94 close from Wednesday). This meets the criteria to fire a downside signal on the Bistro Vix Indicator. A second signal will mean we get a downside warning, which puts us on the defensive for lower SPX prices.
This signal also cancels the Upside Warning that has been in effect since July 8th.
Based on data since the beginning of 2000, there is a 72% chance we will go further down in the markets and hit a Downside Warning.
$UVXY #CoveredCalls – more trades…
$UVXY #CoveredCalls – more trades
Sold UVXY Sep 16 2016 32.0 Calls @ 0.22 with the stock at 19.67
Sold UVXY Sep 16 2016 41.0 Calls @ 0.11 with the stock at 19.69
Sold UVXY Oct 7 2016 40.0 Calls @ 0.69 with the stock at 19.14
Sold UVXY Oct 14 2016 40.0 Calls @ 0.92 with the stock at 19.32
SVXY
STO January 2017, 40 puts @2.25
SVXY
Closed my Sept 23rd 76.50 Covered Call for a 2.75 profit offsetting the loss on the SPX spread.