Post earnings trades, closed Nov. 18 put spreads, 720/730 for 45 credit, 734/745 63 credit, Dec. 700/710 for a 30 credit.
Monthly Archives: October 2016
$AMGN under Brexit low, eyeballing…
$AMGN #FallingKnife – under Brexit low, eyeballing Feb low.
DUST call closed
#ContangoETFs BTC DUST Nov 18th 70 call for .30. Sold for 3.50 on Oct 11th.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Jan 20 2017 40.0 Puts @ 1.25 with the stock at 71.40
$NUGT #CoveredCalls – Sold NUGT…
$NUGT #CoveredCalls – Sold NUGT Nov 11 2016 16.0 Calls @ 0.60 replacing a similar call that expired Friday
$SVXY
Sold a single Nov 11th 55 Put @ 0.55 when SVXY was at 72.55. Preparing for Yieldhog earnings week with a bunch reporting. Should keep me busy and off the streets. Have a great Halloween and if you must be out driving watch out for all those hard to see ghouls, goblins, politicians.
$UVXY #ShortCalls – Sold these…
$UVXY #ShortCalls – Sold these with the stock at 16.50
Sold UVXY NOV 11 2016 31.0 Calls @ 0.33
Sold UVXY NOV 18 2016 41.0 Calls @ 0.26
$TLT rollout
With previous rolls and adjustments I ended up with a Nov 136 straddle. I am rolling that full position out to December and bringing in additional premium (1.08 credit).
Bought to close $TLT Nov 18 136 straddle @ 5.86
Sold to open $TLT Dec 18 136 straddle @ 6.94
$TAP #ShortPuts #Earnings – Sold…
$TAP #ShortPuts #Earnings – Sold TAP NOV 4 2016 94.5 Puts @ 0.21. These expire Friday
TAP earnings
#Earnings Classic earnings trade: STO $TAP Nov 5th 100 puts for .80.
Over last 3 years, Biggest 5-day UP move: 6.8%, Biggest 5-day DOWN move: -4.6%, Average move: 2.8%. This trade is -4.5% OTM.
To find a bigger than 5% move at any point within 5 days after earnings, you have to go back to May 2011. THIS IS A NAKED TRADE. Use a spread if you’re not comfortable with the risk.
Is the SPX heading down?
What do you guys think?
Up or Down on Nov 9th?
$TIF #ShortPuts – Bought to…
$TIF #ShortPuts – Bought to close 1 TIF Nov 18 2016 52.5 Put @ 0.01. Nothing more to make here.
Sold on 8/3 @ 1.25
$RIG #ShortPuts – Bought to…
$RIG #ShortPuts – Bought to close RIG NOV 18 2016 7.0 Puts @ 0.01. Nothing more to make here.
Sold 8/1 @ 0.29
$NFLX #ShortPuts – Sold NFLX…
$NFLX #ShortPuts – Sold NFLX NOV 4 2016 119.0 Puts @ 0.22.
Paired with short stock AND short Nov 4 2016 133.0 calls
NFLX puts
#Earnings Selling to offset short calls:
STO NFLX Nov 11th 122 put for 1.50
STO NFLX Dec 16th 115 put for 2.10
$SVXY
Got a partial fill. STO $SVXY Nov 25 $50 puts @ $0.61
$NKE $TSCO $MAC – new…
$NKE $TSCO $MAC – new lows for SP500 stocks today. Possible #FallingKnife trades
$SVXY #ShortPuts #ClassicVXXGame – Sold…
$SVXY #ShortPuts #ClassicVXXGame – Sold 1 SVXY JAN 19 2018 24.0 Put @ 2.40. Paired with 145 Calls for the same date.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY JAN 20 2017 40.0 Puts @ 1.15. I will add at higher prices if I can
FB Is anybody taking a…
FB Is anybody taking a position prior to earnings tomorrow? I am holding Jan 120 calls and Nov 130 but considering hedging withahigher strike. Any suggestions?
$SPX iron condor
STO Dec 9 2230/2220/1950/1940 @ 1.70
SPX calls closed, calls sold
#SPXcampaign Bought to close $SPX Nov 11th 2220/2245 call spreads for .20. Sold for 2.00 on Oct 14th.
Sold to Open $SPX Dec 2nd 2220/2245 call spreads for 1.40, with SPX at 2130.
Options Expiration 10/28/16
–Expiring–
AMZN 930 call
AVGO 177.5 covered calls
DUST 50 calls
FB 127 covered put
NFLX 130 calls
NFLX 120 and 123 puts
Sold Early
$SPX 11/4 2210/2185 BECS @ 89% profit
$SPX 11/4 1985/2010 BUPS @ 90% profit
Options Expiration
$SPX 1935/1960 BUPS
$SPX 2115/2125 BUPS (Thank you Thornberg)
$AAPL 123 call (covered)
$AAPL 113 put
$BMY 48.5 put (earnings play)
$AMZN 770/775 BUPS
$FB 130 put
Iron Butterfly Fluttering
$AMZN 790/825/825/860 Sold @ 29.06 BTC @ 35
$BIDU 165/175/185/175 sold @ 7.15 BTC 4.87
Iron Condor Nosedive
$AMZN 787.50/797.50/877.50/887.50 Sold @ 5.20 BTC @ 10
Assignments
$T Assigned @ 38.50 Basis 37.90
$UVXY 14 call Stock called away (good riddance!)
$NUGT Assigned @ 19 Basis 11.62
Lot of excitement, a little profit, a lot of education and collegiality. Thank you all
Everyone have a great weekend and look forward to our treats on Halloween.
#OptionsExpiration #Weeklys #Oct28 – A…
#OptionsExpiration #Weeklys #Oct28 – A very good week. Post earnings plays in $CMG and $NFLX, plus a pre-earnings play in $BMY were all profitable, as well as all the Volatility shorts and even the 3x Gold miner options.
I will be in a far west time zone next week and will not be able to monitor the markets for part of the week so I have opened only volatility trades for next week.
— Expirations —
ALXN (Weekly) Oct 28 2016 105 Puts
BMY (Weekly) Oct 28 2016 47.5 Puts
BMY (Weekly) Oct 28 2016 48 Puts
CMG (Weekly) Oct 28 2016 345 Puts
CMG (Weekly) Oct 28 2016 350 Puts
CMG (Weekly) Oct 28 2016 352.5 Puts
CMG (Weekly) Oct 28 2016 355 Puts
DUST (Weekly) Oct 28 2016 32 Puts
DUST (Weekly) Oct 28 2016 32.5 Puts
DUST (Weekly) Oct 28 2016 33 Puts
NFLX (Weekly) Oct 28 2016 129 Calls
NFLX (Weekly) Oct 28 2016 130 Calls
NFLX (Weekly) Oct 28 2016 131 Calls
NUGT (Weekly) Oct 28 2016 10 Puts
NUGT (Weekly) Oct 28 2016 11.5 Puts
NUGT (Weekly) Oct 28 2016 16 Calls
SVXY (Weekly) Oct 28 2016 50 Puts
SVXY (Weekly) Oct 28 2016 79 Calls
SVXY (Weekly) Oct 28 2016 80 Calls
UVXY (Weekly) Oct 28 2016 16 Calls
UVXY (Weekly) Oct 28 2016 17 Calls
UVXY (Weekly) Oct 28 2016 30 Calls
UVXY (Weekly) Oct 28 2016 40 Calls
UVXY (Weekly) Oct 28 2016 45 Calls
— Assignments —
SVXY (Weekly) Oct 28 2016 64 Calls (Covered) – exchanging stock for cash
UA (Weekly) Oct 28 2016 35 Puts – (Going long some stock in IRA accts)
#OptionsExpiration for Oct 28 Expiring:…
#OptionsExpiration for Oct 28
Expiring:
$CMG 10/28/2016 352.50 puts
$DUST 10/28/2016 50.00 calls
No assignments this week.
Have a great weekend everyone.
Expiration
Had a couple this week that I let go all the way to the end…
BMY Oct 48.5 Puts (sold for .55)
REGN Oct 372.5 Call (sold for 4.00)
OptionsExpiration
Pretty light week.
$UVXY $22 Calls
$UVXY $25 Calls
$UVXY $27 Calls
$UVXY $45 Calls
$VXX $50 Calls
Have a great weekend everyone.
#VxxGame
Have a nice weekend everyone…
Have a nice weekend everyone after this exciting week.
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY Nov 18 2016 39.0 Calls @ 0.26
$UVXY
STO Nov 4 $23 calls @ $0.20
AAPL & BIDU final closures
#Earnings BTC $BIDU Oct 28th 175 call for 5.30.
BTC $AAPL Oct 28th 118 put for 4.40.
Good week for IB’s. Big win on $V, and small wins on the two above.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Nov 4 2016 59.0 Puts @ 0.20 in two IRA accounts with the stock at 73.70.
These expire in a week
GOOGL BTC 820/845 call spread…
GOOGL BTC 820/845 call spread @ 5.26. Leaving the 520/495 put spread open. Did not want be short shares over the weekend. Made a profit unless Google drops below 820.
SPX roll sold
#SPXcampaign #CondorRoll Sold to Open Dec 2nd 1900/1925/2225/2250 iron condors for 2.10. Rolled from Nov 25th spread stopped earlier, using 1.5x position size.
LULU rollout
Rolled $LULU Oct 28 66 puts down 1 strike and out to Dec 16 65 puts for .20 credit. Extending duration on this trade.
BIDU earnings, partial close
#Earnings $BIDU took exactly zero heat from the market dip (I guess they don’t care about Hillary’s emails in China), and now is starting to curve up. Closed one of my two trades for 6.25. Sold for 7.40 yesterday, so $115 profit on that one. Will wait to see where it goes for my other one.
$SVXY #ShortPuts – Sold 1…
$SVXY #ShortPuts – Sold 1 SVXY MAR 17 2017 40.0 Put @ 2.15. Initial position.
I will add at higher premiums.
SPX calls sold
#SPXcampaign Sold to Open $SPX Nov 25th 2210/2235 call spreads for 1.50, with SPX at 2126.
SPX puts stopped
#SPXcampaign STOPPED Bought to close $SPX Nov 25th 2025/2000 put spreads for 2.85. Sold for 1.55 on Tuesday. Looking to roll into an iron condor, Dec 2 expiration.
$NUGT #ShortPuts – Bought to…
$NUGT #ShortPuts – Bought to close NUGT (Weekly) Oct 28 2016 13 PUTS @ 0.15 to avoid possible assignment. Originally sold @ 0.75
Who knew that NUGT would rally from 12.40 to 13.40 in only an hour?
AMZN Nov. 11 745/735 put…
AMZN
Nov. 11 745/735 put spread for 1.26, playing the bounce
Adding SVXY puts in 2017
Sold $SVXY Mar 17 2017 35 puts @ 1.60
Sold $SVXY Jun 16 2017 30 puts @ 1.50
$SVXY #ShortPuts – Sold all…
$SVXY #ShortPuts – Sold all these in an IRA that had all their SVXY called away a while ago –
Sold SVXY NOV 4 2016 60.0 Puts @ 0.20
Sold SVXY Nov 11 2016 55.0 Puts @ 0.40
Sold SVXY Nov 18 2016 50.0 Puts @ 0.40
SPX same-day puts closed with loss
#SPXcampaign STOPPED Bought to close $SPX Oct 28th 2120/21000 put spreads for 2.85. Sold a few minutes ago for 1.35. Can’t bat a thousand on ’em all! Ugly looking, and with the spread ATM, this price can move against me super fast. Will consider rolls next week. For now, looking to take a stop on a Nov 25th spread.
GOOGL Looks like it might…
GOOGL Looks like it might just peg at 820 which would make the iron fly a winner. Any adjustments today on the 795/820/845 iron fly?
$SVXY $UVXY
Added a couple more positions on the spike
STO $SVXY Nov 4 $62.50 puts @ $0.35
STO $UVXY Nov 11 $30 calls @ $0.31
UVXY calls
Sold $UVXY Nov 25 35 calls (highest strike) for .49
VIX Indicator signal fired
#VIXIndicator A third signal fired today. After the Warning fired (Oct 13th), additional warnings mean continued volatility but can also signal a market bottom. So it is best to remain on guard after the Warning until it is canceled.
$SVXY #ShortPuts #ClassicVXXGame – Sold…
$SVXY #ShortPuts #ClassicVXXGame – Sold SVXY Jan 18 2018 25.0 Puts @ 2.65.
These are paired with short Calls at 145/150/155 sold last week
$SVXY
Sold to open Nov 18th 60 Puts @ $1.25. I had an order on and was filled which surprised me considering the $SVXY price at fill was 73.44. So I popped in to see what all the noise was about. Interesting to say the least. Well, back to playing with the dog.
$DUST #ShortCalls – Sold 1…
$DUST #ShortCalls – Sold 1 DUST Dec 16 2016 70.0 Call @ 2.40. Adding to my position at the highest available strike.
AAPL iron butterfly
#Earnings Today we have to close the 118 put. Closed one Wednesday for 2.75. Just closed one now for 3.95. Since spread was sold for 4.14, I will put a stop on the last one at 4.50, which will preserve a small profit and avoid a loss.
SPX same-day puts
#SPXcampaign Sold to Open $SPX Oct 28th 2120/2100 put spreads for 1.35. Expiring in 2.5 hours.
SPX calls closed
#SPXcampaign Bought to close $SPX Nov 4th 2185/2210 call spreads for .20. Sold for 2.25 on Oct 19th. I’ve been trying to sell a call spread, but instead one closed.
Market dumps… damn, AAPL trade was coming in!
FBI is probing a new batch of Clinton emails.
#Market Wow, someone turned on…
Wow, someone turned on a sell program @ 1pm.
NFLX call
AMZN long term
Doing a Whiz type trade on this. He’s been suggesting AMZN for awhile but I’ve been waiting for a pullback. Mine is modified slightly from his. He buys a 2019 put and I sell a bull put spread instead. Similar loss profile but cheaper up front. Selling weeklies to pay the bill. Even if AMZN stays flat forever, with a conservative weekly call sale of about 4 bucks, this trade makes 22 grand. Obviously, the risk is AMZN tanking to below 500 where I would own the stock.
Sold 1 AMZN JAN 18 2019 500.0/400.0 Bull put spread @ 14.85
Bought 1 AMZN JAN 18 2019 600.0 Call @ 258.85
Sold 1 AMZN NOV 4 2016 795.0 Call @ 5.30
I’ve been in a similar trade on GS for about 2 months….it’s working great. Planning on exiting it in December after the rate hike and banks spike.
#FallingKnife trades – $GILD
#FallingKnife trades – $GILD $MCK $ABC $CAH $AMGN $ESRX
ABBV, AMGN
ABBV, STO January 50 put @0.96 cents
AMGN, STO January 130 put @3.10
$DUST #ShortCalls – Sold 1…
$DUST #ShortCalls – Sold 1 DUST Dec 16 2016 70.0 Call @ 2.31. Highest available strike.
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY Dec 2 2016 35.0 Calls @ 0.44. Highest available strike
Some Trades
Expecting good Christmas sales
STO
$AMZN 1/20/2017 720/770 BUPS @ 15.50
$AMZN 12/16/2016 720/770 BUPS @ 13.85
$AMZN 11/18 730/740 BUPS @ 1.40
$AMZN 11/18 760/770 BUPS @ 3.25
$SPX 11/23 1955/1980 BUPS @ 1.25
$UVXY 12/2 35 call @ .39
Rolled
$CMG 10/28 370 put to 11/11 360 put for 2.20 credit
$CVS #ShortPuts #FallingKnife – Sold…
$CVS #ShortPuts #FallingKnife – Sold CVS Nov 18 2016 75.0 Puts @ 0.30
$UVXY @ShortCalls – on the…
$UVXY @ShortCalls – on the opening
Sold UVXY Nov 11 2016 35.0 Calls @ 0.12
Sold UVXY Nov 18 2016 33.0 Calls @ 0.23
Managing earnings on $AAPL, $V, $CMG
On my $AAPL 124/118/118/112 IC expiring today, originally STO for $4.13. BTC the $118 put for 3.45 as this just looks like it could stagnate here or sink lower today. Not a huge profit, but a profit. If we sink quickly, still time to sell the 112 and maybe get a little more profit.
$V 85/83/83/81 IC, originally sold for 1.55. BTC the 83 put on this little rally today, for 0.32 and the 83 call for 0.21. Still got 1.02 profit.
$CMG 450/445/370/365 IC for today. Sold for 1.35. BTC the 370 put for 1.13 on this rally. Probably closed it too early, but this stock could go anywhere now. At least no loss and can buy some lunch with this slight profit…well, no lunch at Chipotle, but something.
NFLX puts
Already sold next week’s and like Jeff says, not risking an afternoon dump. These were sold right after earnings and then rolled up a couple times for additional premium. I’ll take it since I was kinda pressing my luck to begin with.
Bought to Close NFLX OCT 28 2016 125.0 Puts @ .05 (sold for 3.10)
IBB calls
This was more of a scalp than anything…selling against a monthly put. Booking it and re-selling out in the monthly expiration.
Bought to Close IBB NOV 4 2016 280.0 Call @ .15 (sold for 2.40)
Sold IBB NOV 18 2016 275.0 Call @ 3.00 against a 265 put
$DUST
STO Nov 18 $70 calls @ $0.55
$UVXY
STO DEC 2 $35 calls @ $0.41
$SVXY #ShortCalls #Rollup – this…
$SVXY #ShortCalls #Rollup – this is likely the only roll I will have to do in SVXY today
Bought to close SVXY Oct 28 2016 64 Calls @ $12.54 – originally sold @ 13.10
Sold SVXY Dec 16 2016 68 Calls @ $12.66
WYNN calls
Since I’ve already sold next week’s calls…and I absolutely do not want to be double exposed going into earnings week, I’m taking these off with nice profits.
Bought to Close WYNN OCT 28 2016 97.0 Calls @ .10 (sold for 1.79)
AMZN earning trade closed
#Earnings Bought to close $AMZN Oct 28th 750 puts for .08. Sold yesterday for 1.825 (avg price). Letting a 935 call expire. When I can close for only .08, I have no reason to risk an afternoon dump.
Options Bistro 