$SVXY $45 Puts
$SVXY $50 Puts
$SVXY $75 Call – covered call need to replace on Monday
$UVXY $24 Calls
$UVXY $30 Calls
$UVXY $35 Calls
$UVXY $40 Calls
Daily Archives: Friday, October 7, 2016
Option Expiration
$SVXY Oct 10 65 put…light week
Options Expiration 10/7/16
–Expiring–
$FB 125 covered put
$NUGT 23 and 30 calls
$SPX 2190/2215 call spreads, sold last Friday for 3.50
#OptionsExpiration for Oct 7 Only…
#OptionsExpiration for Oct 7
Only 2 expirations today:
$DUST 10/07/2016 60.00 calls
$UVXY 10/07/2016 40.00 calls
No assignments.
#OptionsExpiration #Weeklys #Oct07 – another…
#OptionsExpiration #Weeklys #Oct07 – another profitable week except for some $NUGT puts I had to roll at the last minute.
I’m choosing to let some of my $SVXY stock go partly because it’s still my biggest long position and partly because of the high premium received when selling the calls. The premium now becomes part of my long term capital gain on the stock.
— Expirations —
CF (Weekly) Oct 7 2016 30 Calls (Covered)
FCX (Weekly) Oct 7 2016 9.5 Puts
NUGT (Weekly) Oct 7 2016 11 Puts
SVXY (Weekly) Oct 7 2016 40 Puts
SVXY (Weekly) Oct 7 2016 75 Calls (Covered)
SVXY (Weekly) Oct 7 2016 80 Calls (Covered)
UVXY (Weekly) Oct 7 2016 23 Calls
UVXY (Weekly) Oct 7 2016 23.5 Calls
UVXY (Weekly) Oct 7 2016 26.5 Calls
UVXY (Weekly) Oct 7 2016 27 Calls
UVXY (Weekly) Oct 7 2016 27.5 Calls
UVXY (Weekly) Oct 7 2016 28 Calls
UVXY (Weekly) Oct 7 2016 28.5 Calls
UVXY (Weekly) Oct 7 2016 30 Calls
UVXY (Weekly) Oct 7 2016 40 Calls
— Assignments —
NUGT (Weekly) Oct 7 2016 13 Puts
NUGT (Weekly) Oct 7 2016 16 Puts
SVXY (Weekly) Oct 7 2016 64 Calls (Covered)
AZO…anybody still in?
2 weeks to go….still need ‘er a little lower.
SPX calls closed
#SPXcampaign Bought to close $SPX Oct 19th 2210/2235 call spreads for .20. Sold last Friday for 2.10.
$NUGT #CoveredCalls = Sold NUGT…
$NUGT #CoveredCalls = Sold NUGT Oct 14 2016 14.0 Calls @ 0.25 against stock I’m choosing to acquire via some strike 13 Puts this afternoon.
$GLD and $GDX are now both up slightly on the day.
DIA
followed from TT Nov. 18 iron fly 170/182/182/195 for 5.76
REGN roll down
Oct monthly 380/440 strangle originally sold for 7.50. Rolling down the un-threatened side to resistance.
Rolled 440 calls down to 410 for 2.37 credit. New position is now 380/410 strangle @ 9.87
WYNN
Still adjusting and still bringing in premium. I may never close some of these positions…LOL
Rolled 108 short puts out 2 weeks @ .20 credit.
Against those:
Sold WYNN OCT 14 2016 100.0 Calls @ 1.02
Replacing 98’s expiring today. The 98’s were a roll down from a little higher to capture even more premium. (2.21 to be exact) By rolling the ITM puts out I can now sell 2 sets of weeklies against them. Earnings on the 27th so premium should start increasing in that expiration.
SPX call spread sold
#SPXcampaign Sold to Open $SPX Nov 4th 2215/2240 call spreads for 1.65. Tried selling the 2220 short spread this morning for 2.00 on the pop up, but missed the fill and watched my dreams dissolve away.
Next week I’ll be selling Nov 11th spreads, starting with calls first thing Monday.
GS short calls
Rolling 165 out 2 weeks and up to 167.5 @ .05 debit. Continuing to sell against a long term bullish position. Gradually reducing basis…
$SVXY #coveredcallCalls #Rollup – Bought…
$SVXY #coveredcallCalls #Rollup –
Bought to close SVXY Oct 7 2016 74.0 Calls @ .93 – sold on a rollup last Friday @ 2.25
Sold SVXY Oct 14 2016 76.0 Calls @ 1.21
Gained 2 points on the strike price plus another 0.25 in cash while extending my holding period only one more week.
$SVXY #ShortCalls #Rollup – I’m…
$SVXY #ShortCalls #Rollup – I’m short Calls each week in this account against my remaining long position. This week’s Option is at a nice gain so I’m rolling it into a week that I have no position in.
Bought to close SVXY Oct 7 2016 73.5 Calls @ 1.63 – sold on a previous rollup at 5.66
Sold SVXY Nov 18 2016 79.0 Calls @ 4.53
Gained 5.5 points on the strike price plus another 2.90 in cash per contract.
Next week’s contract is a strike 74 call sold at 8.70 on another rollup. I can always allow an assignment against my long term stock holding when I think the market is done rising.
/ES covered put
Rolled this week’s 2165 covered put out to the monthly 2155 for 5.75 credit. Raising basis and making a little more room for some downside.
Whew….
Survived the hurricane now back and set up for the last hour. Only time for some rolls today…
$DUST #ShortCalls #LEAPS- Sold DUST2…
$DUST #ShortCalls #LEAPS- Sold DUST2 (20 sh contract) Jan 19 2018 30.0 Calls @ 2.00.
Thanks Ramie for the idea.
$UVXY #ShortCalls – since my…
$UVXY #ShortCalls – since my #OptionLadder for this week is expiring I sold all these for next week with the stock trading at about 16.40.
Sold UVXY Oct 14 2016 25.0 Calls @ 0.13
Sold UVXY Oct 14 2016 26.0 Calls @ 0.13
Sold UVXY Oct 14 2016 26.5 Calls @ 0.13
$NUGT #ShortPuts #RollOut #IRA -…
$NUGT #ShortPuts #RollOut #IRA – Another roll
Bought to close NUGT Oct 7 2016 12.0 Puts @ 0.05 – covered since they went in the money today
Sold NUGT Oct 14 2016 10.5 Puts @ 0.25
$NUGT #ShortPuts #RollOut #IRA -…
$NUGT #ShortPuts #RollOut #IRA – started the process of rolling out my NUGT puts expiring today
Bought to close NUGT Oct 7 2016 13.0 Puts/Sold NUGT Oct 14 2016 12.0 Puts for a 0.10 Credit.
Added a week to my holding period but gained a point on the strike price plus a little cash.
$DUST STC Oct 7 $50…
$DUST STC Oct 7 $50 call for 0.15, sold yesterday $2.95, look for next weeks calls to sell, unless stock rallies over $50 again.
Quick SPX Analysis
https://www.tradingview.com/x/GUcBOfqA/
Forming triangle pattern in the short term, Supports
(1)First downside support at 100 days MA @2138 if breaks
(2) then next support at 2089 (which is 50% Fib retracement from BREXIT low 1998 to high 2191) if breaks
(3) 200 days MA at 2065
Just my 2 cents view…
SPX call spread closed and iron condor closed
BTC Oct 21 2200/2210 for 0.60. Sold this 2 days ago for 1.45. That’s 58% max profit, close to my 60% ideal.
BTC Nov 4 2240/2230/2000/1990 for 0.75. Sold this for 1.85 on 9/26. That’s 59% max profit. Again, close to my 60% ideal.
Too many times I’ve tried to hang in there to collect it all, only for things to go sour and have to roll or chase or just plain lose money. Will continue to close these spreads in this way as long as it’s making me good money.
SPX Put sold
#SPXcampaign STO $SPX Nov 4th 2020/1995 put spreads for $1.50 when SPX at 2145
$NUGT STC todays 13 put…
$NUGT STC todays 13 put for $1.70, bought for 0.05 as part of losing 17/13 BuPS, so some recovery from max loss.
DUST closed and sold calls
#ContangoETFs
BTC $DUST Oct 7th 50 call for .50. Sold for 1.475 (avg price) on Tuesday.
STO $DUST Oct 21st 60 call for 2.00.
Still have another 50 call that’s expiring today. Will look to close or roll as day progresses.
SVXY
In my IRA, STO January 45 puts @ 2.20
SPX calls closed
#SPXcampaign Bought to close $SPX Oct 28th 2235/2260 call spreads for .20. Sold for 1.25 on Sept 28th.
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT OCT 14 2016 11.0 Puts @ 0.45, replacing the puts I just covered for this week.
$NUGT #ShortPuts – Bought to…
$NUGT #ShortPuts – Bought to close all my NUGT Oct 7 2016 12.0 Puts @ 0.05. They can’t trade any lower and I don’t trust the stock to stay up all day.
SPX puts sold, calls closed
#SPXcampaign Sold to Open $SPX Nov 4th 2050/2025 put spreads for 1.85
Bought to close $SPX Oct 20th 2225/2250 call spreads for .20. Sold for 1.55 on Sept 19th.
The market is tanking
The market is tanking
GS
Rolled my 165 calls that expire today out to October 21, 167.5 calls for a credit of 1.20
Jobs Results
156,000 non-farm added in September.
Unemployment rate up to 5.0%, as numbers added to both employed and unemployed (job participation went up slightly).
Options Bistro 