GM
Monthly Archives: September 2016
AAPL AAPL is releasing a…
AAPL
AAPL is releasing a new i-phone tomorrow, premiums are increasing. I don’t have any ideas or positions other than 14.773 shares of stock.
Options Expiration 9/2/16
— Expired —
$NUGT 17 puts
$PANW 122/127/155/160 iron condors
$SPX 2125/2100 put spreads
— Assigned —
$AVGO 177.5 puts, assigned stock
Expirations
$UVXY 25 call
$STX 32 put
$TWLO 53 put
$UVXY 25 call
$NUGT 17 call
$SPX 2100/2125 BUPS (Thank you Jeff)
$SPX 2105/2130 BUPS (Thank you Jeff)
Assigned
$NUGT 19 call (Basis 26.5) Gold is starting to tarnish for me. I am an anti-alchemist!
Earnings
$AVGO 172.5/177.5 (1.07 loss per contract)
Options Expiration
Light week this week. My open positions keep burning down and cash position keeps growing. Looks like the next catalyst might be the FED meeting.
$NUGT $27 calls
$NUGT $52 calls
$SVXY $58 puts
$UVXY $27 calls
$UVXY $40 calls
$UVXY $58 calls
Have a great weekend everyone.
#OptionsExpiration for Sep 2 A…
#OptionsExpiration for Sep 2
A light week.
Expiring:
$NUGT 09/02/2016 17 puts
$SVXY 09/02/2016 59 puts
$UVXY 09/02/2016 58 calls
No assignments.
Have a great, restful long weekend everyone.
#OptionsExpiration #Weeklys #Sep02 – A…
#OptionsExpiration #Weeklys #Sep02 – A profitable week with Gold and Volatility strangles front and center again. An earnings trade on $LULU worked.
Raised even more cash in some IRA accounts.
— Expirations —
CF (Weekly) Sep 2 2016 20 Puts
LULU (Weekly) Sep 2 2016 65.5 Puts
LULU (Weekly) Sep 2 2016 67.5 Puts
MRO (Weekly) Sep 2 2016 16 Calls
NUGT (Weekly) Sep 2 2016 16 Puts
NUGT (Weekly) Sep 2 2016 17 Puts
NUGT (Weekly) Sep 2 2016 18 Puts
NUGT (Weekly) Sep 2 2016 26.7 Calls
SVXY (Weekly) Sep 2 2016 40 Puts
SVXY (Weekly) Sep 2 2016 55 Puts
SVXY (Weekly) Sep 2 2016 55.5 Puts
SVXY (Weekly) Sep 2 2016 56 Puts
SVXY (Weekly) Sep 2 2016 56.5 Puts
SVXY (Weekly) Sep 2 2016 57 Puts
SVXY (Weekly) Sep 2 2016 57.5 Puts
SVXY (Weekly) Sep 2 2016 58 Puts
SVXY (Weekly) Sep 2 2016 58.5 Puts
SVXY (Weekly) Sep 2 2016 59 Puts
SVXY (Weekly) Sep 2 2016 60 Puts
TWLO (Weekly) Sep 2 2016 53 Puts
UVXY (Weekly) Sep 2 2016 30 Calls
UVXY (Weekly) Sep 2 2016 30.5 Calls
UVXY (Weekly) Sep 2 2016 30.5 Calls
UVXY (Weekly) Sep 2 2016 31 Calls
UVXY (Weekly) Sep 2 2016 31.5 Calls
UVXY (Weekly) Sep 2 2016 31.5 Calls
UVXY (Weekly) Sep 2 2016 32 Calls
UVXY (Weekly) Sep 2 2016 32.5 Calls
UVXY (Weekly) Sep 2 2016 33 Calls
UVXY (Weekly) Sep 2 2016 44 Calls
UVXY (Weekly) Sep 2 2016 58 Calls
UVXY(ns) (Weekly) Sep 2 2016 12 Calls
XOM (Weekly) Sep 2 2016 85 Puts
— Assignments —
DUST(ns) (Weekly) Sep 2 2016 6.5 Calls (Covered) – profitable
MYL (Weekly) Sep 2 2016 44 Puts – going long some stock/IRA
SVXY (Weekly) Sep 2 2016 62 Calls (Covered/IRA) – profitable
SVXY (Weekly) Sep 2 2016 65 Calls (Covered/IRA) – profitable
$SVXY
Rolled my Sept 02 73 Covered call out and up to Sept 23 76.50 (fat finger strike) for .40 credit. I have no expirations. My daughter who moved to Tallahassee three weeks ago for Grad School had an interesting introduction to Hurricane mania. All is well, just dark and soggy. Have a great three day weekend. And for those on the East coast, try to stay dry.
Have a nice long weekend everyone
I have no expirations as I have been covering my short put positions in anticipation that we are going to get a rate increase from the FED someday.
$GDX #ShortCalls – Bought to…
$GDX #ShortCalls – Bought to close GDX Sep 2 2016 27.5 Puts @ 0.11 to avoid assignment.
I rolled into these last week and the roll was profitable
$SPX Sep 2 Expirations at full value:
SPX 2130/2125 put spreads @ .30 opened Aug 31
SPX 2195/2200 call spreads @ .25 opened Aug 31
Have a great holiday everyone!
AVGO earnings
#Earnings Closed half of my $AVGO Sept 2nd 177.5 puts for 4.50 before the close, so a 2.20 loss (from 177.5/172.5 put spread sold yesterday for 2.30). Then I saw something shiny and didn’t close the other half on time, so I will be assigned some shares.
Short calls on SVXY
Sold $SVXY Jan 20 2017 100 call @ 4.00
Rolling LULU
Rolled today’s 71 puts out to Sep 16 71 puts for .55 credit.
LULU
In my IRA STO December 60 puts @1.75
$NUGT
I held on too long, rolling Sept 02 17/36 BeCS to Oct 21 19/36 BeCS for 0.10 db and Sept 02 18/36 BeCS to Sept 16 19/34 BeCS for 0.25 db. Prices sure looked better Wed and Thurs morning.
SRPT idea?
Must have an event coming up since IV’s are through the roof. Sept 12/10 BuPS looking good so thinking about reloading something. Unfortunately Oct only goes down to 13 strike. Still…a 13/43 strangle is going for over 4 bucks. I’ve seen Iceman selling some strangles in it. Anybody else trading it?
Betting on Crude to Continue going Down.
BTO Sep 30 BP 34/35 BePS for $0.45. Max Loss is $45 pp Max Win is $55 pp. BP needs to go down to $34 to get max profit at expiration. If BP goes over today’s high, I may bail….
This is a Debit Spread…Theta is slightly negative at this level, if price goes down, then it will become positive.
NUGT sold Sept 16 22…
NUGT sold Sept 16 22 put for 215
NUGT closing
#ContangoETFs BTC NUGT Sept 2nd 21 puts for .10, to avoid possible assignment.
SPY BeCS
Another new one for me…since my positions are small I think I’m ok with slightly higher commissions vs greater liquidity in SPY. This trade was suggested yesterday at .51 so I guess .60 is ok. Plan is to leg into iron condor at some point.
Sold SPY NOV 18 2016 226/230 Bear call spreads @ .60
SPX calls closed
#SPXcampaign Everyone was waiting for these job numbers; volatility is being drained out of positions and GTC orders are filling…
Bought to close $SPX Sept 9th 2210/2235 call spreads for .20. Sold for 1.70 on Aug 26th.
$SPX #SPXcampaign SPX Put Spread…
$SPX #SPXcampaign SPX Put Spread – Posting this before I get a fill, or if I don’t, not chasing it.
Order in to STO SPX Sep 6 2150/2145 puts @ .25. Tuesday expiration.
NUGT covered calls
Completely forgot that I wanted to sell some calls earlier. Oh well, everyone can’t be Iceman. Maybe one day…STO 5 NUGT Sep23’16 25 CALLS @ 1.20 These are covered.
SPX IC weekly
STO SPX Sep 9 2220/2210/2125/2115 for 0.50.
GS…not normally my style
Trying to expand my trading horizons with pretty low risk.
Sold GS OCT 7 2016 175.0 Calls @ 1.35
Selling these against Jan 2018 long straddles. At a minimum should be able to sell enough short term calls to cover max loss on the straddles. With delta 80 long calls I can take advantage of any up move.
NUGT experiment
Rolled 18 strike inverted calls out to Sep monthly 18.5 for .15 credit. These are inverted against Oct monthly 26 puts at a 3 to 2 ratio (more calls than puts). Gives overall position right now of a slightly short delta. Small margin required and pretty stable on any big moves.
Goal is to get un-inverted at some point. Still preserving a few K of gains that initially were huge losses with ITM short calls back during the NUGT run from about 50 to 170.
CCL
STO January 41 puts @1.20
$NUGT
Looks like I should have been a bit more aggressive this morning. Rolling over again now and premiums have cratered.
SPX iron fly
Out of 2165/2170/2170/2175 iron fly with .20 loss…half of max loss of .40. All clear for afternoon selloff now! Probably would’ve been worth the .20 risk just to stay in. We’ll see..
TLT long calls
#LongCalls Started a $TLT position. This pullback is within the uptrend channel.
BTO TLT Sept 23rd 138 calls for 1.95
BTO TLT Oct 21st 140 calls for 1.82
$DXY is now up on…
$DXY is now up on the day, we’ll see what happens to gold now.
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT March 17 2017 52.0 Call @ 2.10. Highest available strike
$SVXY #ShortCalls #VXXGame – sold…
$SVXY #ShortCalls #VXXGame – sold all these long term Calls on the opening creating an #OptionLadder –
Sold 1 SVXY Jan 19 2018 100 Call @ 14.80
Sold 1 SVXY Jan 19 2018 105 Call @ 13.20
Sold 1 SVXY Jan 19 2018 110 Call @ 12.50
Sold SVXY Jan 19 2018 120 Calls @ 9.80
Sold SVXY Jan 19 2018 125 Calls @ 9.00
Sold SVXY Jan 19 2018 130 Calls @ 7.90
Sold SVXY Jan 19 2018 135 Calls @ 7.10
Sold SVXY Jan 19 2018 140 Calls @ 6.40
SPX spread trades
$SPX #SPXcampaign
BTC SPX Sep 9 2095/2070 put spreads @ .20 sold for 1.20 on Aug 8.
STO SPX Sep 23 2230/2255 call spreads @ 1.40 when SPX was at 2184
LULU
STO October 65 puts @1.60, thanks for the idea.
$NUGT
Nibbled a little, waiting to see if the move higher holds before anymore trades
STO Sept 9 $26 Calls @ $0.30
STO Sept 16 $28 Calls @ $0.45
$DUST #ShortCalls #Rollup – made…
$DUST #ShortCalls #Rollup – made some money on the short calls and I’m rolling the position up 5 points and out of the money
Bought to close DUST Sep 2 2016 33.0 Calls @ 1.37 (Originally sold @ 2.30)
Sold DUST Sep 23 2016 38.0 Calls @ 1.92
$SVXY #CoveredCalls #Rollup – the…
$SVXY #CoveredCalls #Rollup – the first of several rolls as SVXY sets a new YTD high above 75 –
Bought to close SVXY Sep 2 2016 71.0 Calls @ 4.33
Sold SVXY Sep 30 2016 74.0 Calls @ 5.43
Added 3 points to the strike price plus 1.10 credit to my cash balance. The new breakeven on the covered call is now well above the YTD high on SVXY.
SPX calls sold
#SPXcampaign Sold to Open SPX Sept 23rd 2210/2235 call spreads for 4.75
Sold to Open SPX Sept 30th 2235/2260 call spreads for 1.60
$LULU put
Sold $LULU Oct 21 65 puts @ 1.20. Creates a ladder with the Sep 70 puts I sold yesterday before earnings. I am also short today’s 71 puts which will I will look to exit for a profit, or let expire if the stock continues its bounce.
SPX closed trades in pre-market
#SPXcampaign A couple filled in middle of night, and more after the jobs number was released:
3:10am ET Bought to close SPX Sept 2nd 2175/2200 calls for 3.50. Sold for 14.40 on Aug 9th (as a roll).
3:24am ET Bought to close SPX Sept 15th 2235/2260 calls for .20. Sold for 1.45 on Aug 18th.
8:30am ET Bought to close SPX Sept 9th 2060/2035 puts for .20. Sold for 1.25 on Aug 10th.
8:33am ET Bought to close SPX Sept 2nd 2140/2115 puts for .20. Sold for 1.30 on Tuesday.
9:01am ET Bought to close SPX Sept 9th 2080/2055 puts for .20. Sold for 1.30 on Aug 12th.
I still think down on…
I still think down on SPX today, but likely up on Gold/NUGT
The Street, Real Money “Trader’s…
The Street, Real Money “Trader’s Daily Notebook: Ahead of Jobs Numbers, Stick With the Plan”
http://tinyurl.com/zb42v8y
VIX Indicator and SPX Chart are updated
#Market Tomorrow, my guess we’ll get a decent job number, and it will give us an initial pop in the pre-market…. but I believe it will fade and we will end the day down. I don’t have a ton of conviction in it, however; will be ready to play either direction. But I believe near-term risk is more to downside.
$TWLO #ShortPuts – SMM issued…
$TWLO #ShortPuts – SMM issued a stock alert today on this one so I’m making a very short term trade –
Sold TWLO SEP 2 2016 53.0 Put @ 0.40 with the stock at 54.19
SPX earnings trade…LOL
Treating the jobs report as an earnings report. Sold tomorrow’s 2165/2170/2170/2175 iron fly @ 4.60. Risk 40 to make 460…13 point expected move. Low probability….
$LULU #Earnings trades Broke it…
$LULU #Earnings trades
Broke it up into 2 expirations:
Sold $LULU Sep 2 71 puts @ 1.12
Sold $LULU Sep 16 70 puts @ 1.20
I will likely go long the stock if assigned at a cost basis below 70.
NUGT Put
#ContangoETFs $NUGT BTC Sept 2 17.0 Put for 0.14. STO for 0.56 on 8/31/16. I’m at a beginner option trading level, and even though there is an 82% probability of this trade expiring worthless tomorrow, I’m choosing to take my profits and move to the next trade.
$NUGT #ShortPuts – sold all…
$NUGT #ShortPuts – sold all these just after NUGT turned higher
NUGT Sep 2 2016 18.0 Puts @ 0.95
NUGT Sep 9 2016 17.0 Puts @ 0.95
NUGT Sep 16 2016 16.0 Puts @ 0.95
$DUST #ShortCalls – Sold 1…
$DUST #ShortCalls – Sold 1 DUST 20/100 MAR 17 2017 12.0 Call @ 2.10 adding to my position. This is the old pre split contract
SPX puts sold
#SPXcampaign Sold to Open $SPX Sept 30th 2010/1985 put spreads for 1.30, when SPX was at 2157. I bottom-picked this one nicely, and I wasn’t even home at the time!
More NUGT rolling
#ContangoETFs BTC NUGT Sept 2nd 21 put for 2.10 and Sept 16th 23 put for 4.60.
STO Sept 30th 25 calls for 1.35. More rolling to come.
NUGT calls
Sold $NUGT Nov 18 35 calls @ 1.25. Because of all the volatility, if GDX gets back to its high, 3x of this would bring NUGT to around 32 (and that’s if it went straight up which of course it wouldn’t). So selling some calls near the all time high on the thesis that even with a big move back up in gold and the miners to their recent highs, the headwinds on triple-leveraged NUGT will keep it from getting there as well.
I’m thinking of doing a…
I’m thinking of doing a NUGT trade Oct 16 $14 put for 1.15 cr? Please tell me your thoughts on this trade. I have just started trading NUGT.
$NUGT
ROLLED $NUGT 9/8 24 put to 10/21 24 put for 1.87 credit.
NUGT adjust
After using weekly call premium to buy in some DITM puts I’ve got room to roll down and add a contract to get a better lowering of the strike. Taking advantage of the little pop today.
Rolled Sep 31 and 32 puts to Oct 26 puts at 2/3 ratio getting 1.50 credit. (bought 2 and sold 3). This increases my max loss if NUGT goes to zero tomorrow but I’m planning on buying those 2 extra ones back in at some point. I’ll slightly over write the calls for the next few weeks…
NUGT rolls
#ContangoETFs BTC Sept 2nd 21 put for 2.60, and Sept 16th 23 put for 5.00. These are ITM and starting to unwind them. I had 5 contracts on each (from the split), doing one at a time. Will look to #ReverseRoll or #StrangleRoll.
TSLA…going down in a ball of flames
http://bigstory.ap.org/article/92dd9cd24d6444c4a93855dd25e6d0c1/explosion-rocks-spacex-launch-site-florida-during-test
VXX strangle Followed Robyn at…
VXX strangle
Followed Robyn at TT on an Oct. 21 30/43 strangle for 2.71. #BPE is 1,036.
NUGT popping up
NUGT popping up
AMZN Bullish Play
STO Sep 23 AMZN 762.5/747.5 BuPS for $4.25
This is a directional play and my stop is at 762, below that level AMZN is not bullish anymore short term.
AVGO and AMBA
#Earnings AVGO: Going for a Sept 2nd 177.5/172.5 put spread for 2.30. Will need some intraday down movement for the fill.
AMBA: Trying the old fashion naked strangle: Sept 2nd 65/79 are outside it’s max historical moves. Asking .95, no fill yet.
SVXY
BTC September 16, 39 puts@0.05, Sold @1.30
BTC September 16, 40 puts @0.05, Sold @1.50
I am almost finished covering my September 16 puts and only have a small exposure of the September 23 puts. I may be wrong but my trading account is 42% in cash.
Earnings today
#Earnings $AMBA and $AVGO on deck… AVGO has been pretty bullish on recent earnings; I’ve had winning put credit spreads last 2 quarters. AMBA less predictable. What are you considering for trades?
Options Bistro 