#OptionsExpiration #SPXcampaign
Expiring today $SPX Oct 19th 2055/2080/2150/2175 iron condors, sold as a roll last Thursday for 5.25.
Daily Archives: Wednesday, October 19, 2016
Daily Theta %
Do you guys ever look at daily theta as a percentage of net liq? TT recommends anything up to close to 1 percent on the high end with maybe one-fourth to one half of one percent as more normal. Checked mine and I’m at .46 of 1 percent…so just under one half of one percent. Seems reasonable I guess…feels like I could go higher but like having a nice cushion. These percentages according to TT should be attainable with only about a third of your account in the market at any time. I’ve never paid much attention to it but starting to watch it a little now.
EBAY
Sort of following Tony V. Bought 33/34 call spreads and financed by selling 30.5 puts for .07 credit
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY NOV 4 2016 81.5 Calls @ 0.90. Adding to my position.
Rolling TLT
Executed the following roll for .56 credit, reducing delta and bringing in more premium against short Nov 136 puts. This creates a Nov 136 straddle.
Bought to close $TLT Oct 28 136 calls @ .12 (sold for 1.00 on 10/5)
Sold to open $TLT Nov 18 136 calls @ .68
$DUST #ShortCalls – Sold DUST…
$DUST #ShortCalls – Sold DUST Oct 21 2016 45.0 Calls @ 0.15.
Sold these before the bid disappeared. These expire Friday
NFLX #earnings I rolled my…
NFLX #earnings
I rolled my Oct. 21 115 call to Dec. 16-120 call and bought a 140 call to help with margin, debit of .23. I will sell a put or two along the way.
$DUST
IC from yesterday 51/48/39/36 for 0.90, well price opened 38.40 falling fast. I closed the put side for a $1 loss. If the call side expires I’ll only loose 0.10. I needed a backup plan when I couldn’t simply short the DUST – none available.
$SVXY
Rolled my Oct 21st 75 Calls originally sold for 3.30 up and out to Nov 4th 80 strike for a 0.39 debit. This set the sell premium for the 80 call at 1.26. I’ll take assignment there. There was only 0.60 of time premium left on the 75 calls so I figured this was reasonable risk reduction rather than waiting until Friday . I may be early. I’ll know in 2 days.
$NUGT
sold covered call Oct 21 $15 call, net 14.25, yielding 5.26%, if it works out. I have begun to notice any of these weekly covered calls yielding over 3% seldom (never) work out – and the price falls more than the premium. I am trying another strategy: enter the trade and set a stop on security just below likely support, 0.10 to 0.20 below current price. I’ll let you know how it plays out.
$MAT #ShortPuts #Earnings – Sold…
$MAT #ShortPuts #Earnings – Sold MAT Oct 21 2016 28.0 Puts @ 0.20 with the stock at 30.59.
Hoping for a repeat of the $HAS move on earnings
NFLX, more calls sold
#Earnings Working around my short Oct 21st 115 calls… I did not sell puts, as I should have yesterday and today. On today’s surge I am adding calls: STO $NFLX Oct 28th 129 calls for .52.
Will get on the ball and add puts when I can.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY NOV 4 2016 81.5 Calls @ 0.80
The strike is well above the YTD high of 79.69 and only 12 more trading days until expiration
SPX call spread
Nov Wk4 STO SPX 2230/2255 sold for $1.30 when SPX at 2146
$SPX iron condor closed
BTC SPX Nov 18 2250/2240/1980/1970 for 0.80
Sold on 10/3 for 2.05.
Closed in keeping with discipline at 60%
NFLX rolled 85/90 BuPS to…
NFLX rolled 85/90 BuPS to 115/120 Oct 21@.90 credit. Thinking that this will hold the 120 level for 2 days. One caveat is the debate tonight which could move the market tomorrow.
NFLX #ShortCalls Sold $NFLX Nov…
NFLX #ShortCalls
Sold $NFLX Nov 18 135 calls @ .80 and .81. Offsets Nov 130 short puts so no margin requirement.
SPY Closed a SPY Nov….
SPY
Closed a SPY Nov. 18, 206/223 strangle for 1.31, sold for 2.40 a couple weeks ago, following in and out from TT
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts – Sold DUST Oct 21 2016 32.0 Puts @ 0.20 with the stock at 37.0.
These expire Friday
Closing more NFLX
Taking another position off into the strength. Bought to close $NFLX Oct 21 130 puts @ 8.00. Sold for 32.20 as a rollout on 9/12.
CMG calls
Tried getting sneaky yesterday and sold next week’s call a little early. Of course, Raymond James downgrades the stock with about a 275 price target and it immediately rallies 11 dollars. TT is right…those analysts are clueless and have no idea. I’m guessing Raymond James wanted to buy it so they tried downgrading it…LOL
I don’t want 2 of these so I : Bought to Close CMG OCT 21 2016 405.0 Call @ 3.20
I’ll take that out of the 8.50 received yesterday for the early sale and call it a 5.30 credit roll…LOL
FB I am tempted o…
FB I am tempted o sell the 130 calls expiring Friday against my longer dated Nov and Jan calls . Bid/ Ask is .97/1.00. Anyone else considering this?
$NFLX #ShortCalls – Sold NFLX…
$NFLX #ShortCalls – Sold NFLX Oct 28 2016 131.0 Calls @ 0.43 with the stock at 122.15.
I’ll pair these with some short Puts if I can find a reasonable premium
NFLX adjustment
According to John Carter, when a stock gaps up big on earnings like NFLX did, it tends to keep going for awhile (not sure if that’s true but seems reasonable).
After seeing his free video on this yesterday afternoon, I rolled my 115 puts up to 120 for Friday @ another 1.65 credit. This morning I rolled the 115 calls leftover from earnings out to Dec 4th 120’s for .05 debit. I’ll continue selling weekly puts against those…
$DUST #ShortPuts #OptionLadder – DUST…
$DUST #ShortPuts #OptionLadder – DUST falls, NUGT rises. My NUGT stock position is now above the strike 14 covered calls I sold last Friday and my NUGT 12, 12.5 and 13.5 short Puts for this week are out of the money.
I like where it’s sitting now so I sold the following for Friday’s expiration.
Sold DUST Oct 21 2016 35.0 Puts @ 0.40 adding to my position
Sold DUST Oct 21 2016 34.0 Puts @ 0.25
Sold DUST Oct 21 2016 33.5 Puts @ 0.20
Sold DUST Oct 21 2016 33.0 Puts @ 0.20
Earnings today
Not finding anything exciting, but interested in what anyone else is looking at.
2018 NUGT calls
$NUGT #ShortCalls Sold $NUGT Jan 19 2018 52 calls @ 2.50. Highest strike.
SPX extra calls sold
#SPXcampaign My call spreads for Nov 4th were already closed for profits, but since I still have some put spreads open, I sold an extra call spread to offset:
Sold to open $SPX Nov 4th 2185/2210 call spreads for 2.25, with SPX at 2141.
good morning. thanks to all…
good morning. thanks to all who gave me advice on NFLX.
Good morning
Another up day just grinding higher this morning. I sure would like a nice 200 point decline in the S&P so that we could get some volatility.
Options Bistro 