Sold $SVXY Nov 4th 75 Calls @ 2.15. Filled right at the 4:15 cut off. I’m waiting for my text alert to get the SVXY price at fill.
Daily Archives: Monday, October 17, 2016
Boom!
#Earnings After a four straight quarters of down moves, NFLX resumes its huge moves UP on earnings. At least it is easier to manage ITM 115 calls than it was ITM 700 calls.
STO IBM IBF 152.5/155/157.5 for…
STO IBM IBF 152.5/155/157.5 for 2.19 Oct 21
SPX calls closed
#SPXcampaign Bought to close $SPX Oct 28th 2200/2225 call spreads for .20. Sold for 4.50 on Oct 5th.
SVXY
This morning I BTC October 21, 60 puts @.25, they were sold @1.20
Since we are only about 10 points away from the strike price I decided to cover them and wait for this market to break out of the trading range we have been in since July. It seems like the bears have the upper hand today.
$IBM – Sold IBM 142/165…
$IBM – Sold IBM 142/165 Strangles that expire Friday for 0.48 with the stock at 154.78
Valeant Pharma VRX reports today….
Valeant Pharma
VRX reports today. The 52 week range is 18.55-171.50. No ideas, it’s interesting.
$NFLX #ShortStrangle #Earnings – I’d…
$NFLX #ShortStrangles #Earnings – I’d rather do more of a safer strangle
Sold NFLX 82/123 Strangles that expire Friday for 0.47
IBM Followed from TT 137/150/150/152.50…
IBM
Followed from TT 137/150/150/152.50 Put butterfly for .47 credit, profitable above 147. Oct. 21 expiration.
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts – Sold DUST Oct 21 2016 36.0 Puts @ 0.20 with the stock at 45.32
SPX call spreads closed
#SPXCampaign BTC Nov 4 $SPX 2220/2245 call spreads closed @ 0.20, STO @ 1.60 on Oct 10.
IBM?
Earnings today also. 6.25 expected move. 5 wide iron fly about 3.95 right now…no position yet although considering it for a strangle and then manage if needed.
NFLX price not moving but…
NFLX price not moving but options premiums going up.
GS earnings
#Earnings Not a big mover on earnings: Biggest UP move: 3.0%, Biggest DOWN move: -2.6%, Average move: 1.6%.
Going for neutral iron butterfly: STO $GS Oct 21st 167.5/170/172.5 IB for 2.05. Max risk = .45.
NFLX earnings
#Earnings Over last three years, over five days after earnings, Biggest UP move: 25.4%, Biggest DOWN move: -19.9%, Average move: 12.7%. Seems to be an upside bias to earnings premiums. Looking to sell the 85 put for .53, 14 points OTM, and the 115 call for .75, 16 points OTM. The farther out call is selling for more than the closer put.
These strikes are 14.1% and 16.2% OTM respectively.
STO $NFLX Oct 21st 85/115 strangles for 1.27.
SPX puts sold
#SPXcampaign Sold to Open $SPX Nov 17th 1960/1935 put spreads for 1.50, with SPX at 2127.
I am still selling put spreads, even with a Downside Warning in effect. Everything has remained fairly orderly in the SPX so I’m not spooked yet. I will take profits early or stop out if anything violent starts happening.
$DUST #ShortPuts – Sold these…
$DUST #ShortPuts – Sold these this morning. Since I am also short NUGT Puts, these are protecting each other.
Sold DUST Oct 21 2016 38.0 Puts @ 0.40
Sold DUST Oct 21 2016 36.5 Puts @ 0.20
Econ Calendar week of 10/17/16
Options Bistro 