geewhiz112 1:34 pm on Friday, October 21, 2016

October 21

A lot of my positions are now off the board. Being cautious. I am old.
Thanks for this terrific support resource.

Expirations Full Profit

$ADP 90 call (Covered)
$FIT 16 call (covered)
$UVXY 19 call
$ETE 15 put
$FANG 95 put
$NFLX 85 put
$NUGT 12 put
$DUST 35 put
$FB 120/125 BUPS
$GOOGL 780/790 BUPS
$WYNN 90/95 BUPS
$NFLX 85/90 BUPS
$NFLX 113/118 BUPS

Closed Early

$LULU 60/65 BUPS @ 39% of the maximum loss
$SPX 11/4 2240/2215 BECS @ 91% profit

Total Loss

$NFLX 123/118 BECS (part of iron condor with 113/118 BUPS)
$TWLO 55/60 BUPS

Assignments
$OPHT @ 45 Basis 42
$GIMO @ 52.5 Basis 49.90
$ETP Assigned the 37 put even though stock closed at 37.01. Penny rule anyone?

Ramie 1:25 pm on Friday, October 21, 2016
Tags: OptionsExpiration ( 794 )

#OptionsExpiration for 10/21 Expirations: $AMZN…

#OptionsExpiration for 10/21
Expirations:
$AMZN 10/21/2016 860.00 calls (covered)
$APA 10/21/2016 62.50 calls (covered)
$CYBR 10/21/2016 55.00 calls (covered)
$DUST 10/21/2016 60.00 calls
$DUST 10/21/2016 32.0 puts
$DUST 10/21/2016 34.50 puts
$DUST 10/21/2016 35.50 puts
$FIT 10/21/2016 15.00 calls (covered)
$MBLY 10/21/2016 44.00 calls (covered)
$SVXY 10/21/2016 60.00 puts
$SWN 10/21/2016 14.00 calls (covered)
$TWTR 10/21/2016 19.00 calls (covered)
$UVXY 10/21/2016 27.00 calls
$UVXY 10/21/2016 55.00 calls
$WFM 10/21/2016 27.00 calls
$WHR 10/21/2016 150.00 puts
$X 10/21/2016 20.00 calls (covered)

Assignments:
$DVN 10/21/2016 40.00 calls–long stock getting called away
$WYNN 10/21/2016 100 puts–short stock getting called away

Have a great weekend everyone.

Option Iceman 1:24 pm on Friday, October 21, 2016
Tags: AfterTheClose, ShortCalls ( 979 )

$SVXY #ShortCalls #AfterTheClose – Sold…

$SVXY #ShortCalls #AfterTheClose – Sold SVXY Oct 28 2016 80.0 Calls @ 0.85 adding to my position

jdietz1954 1:08 pm on Friday, October 21, 2016

#OptionExpiration

Expiration
$SVXY 80 Call
$SVXY 50 Put
Have a great weekend

Jeff 1:06 pm on Friday, October 21, 2016
Tags: OptionsExpiration ( 794 )

Options Expiration 10/21/16

#OptionsExpiration

— Expiring —
AVGO 175 covered call
DUST 60 call
FB 126 covered put
ISRG 650/600 put spreads
NFLX 85 puts
NFLX 120 puts
NUGT 25 call
RGLD 82.5 and 85 covered calls

— Expiring with full loss —
TLT 140 long calls

1strangealien 1:04 pm on Friday, October 21, 2016

UVXY, NUGT

BTC UVXY Nov04’16 25 CALL @ 0.10, sold for 1.55 on 9/27/16.

Rolled NUGT 21oct16 18 puts to NUGT 28oct16 16 puts (doubled position) for 0.30 credit

jsd501 1:03 pm on Friday, October 21, 2016

Expirations and assignments

I have no expirations. I will be assigned on:

T @38

LULU @65

Kelly 12:53 pm on Friday, October 21, 2016
Tags: ContangoETFs ( 446 ), VXXGame ( 769 )

Options Expiration

#VXXGame
#ContangoETFs
I have to leave for a meeting so need to post these a few minutes early.
$KRA $30 Puts
$SVXY $40 Puts
$SVXY $55 Puts
$SVXY $57 Puts
$SVXY $60 Puts
$UVXY $22 Calls
$UVXY $24 Calls
$UVXY $26 Calls
$UVXY $30 Calls
$UVXY $35 Calls
$UVXY $50 Calls
$VXX $46 Calls

A bunch of open contracts rolling off today.
Have a great weekend everyone.

geewhiz112 12:52 pm on Friday, October 21, 2016

TRADES

STO $FB 11/11 124/129 BUPS @ 1.50
STO $FANG 11/18 95 puts @ 1.60 (replace today’s expiring)
STO $SVXY 1/19/2018 150 call @ 4.50 (Thanks Iceman)
STO $SVXY 1/19/2018 145 call @ 5.40 (Thanks Iceman)

Option Iceman 12:50 pm on Friday, October 21, 2016
Tags: ShortPuts ( 4,763 )

$WFM #ShortPuts – Bought to…

$WFM #ShortPuts – Bought to close WFM Oct 21 2016 28.0 Puts @ 0.01 to avoid possible assignment

Ramie 12:16 pm on Friday, October 21, 2016

LULU rollout

Rolled deep in the money $LULU Oct 21 70 puts out to Dec 16 70 puts for .30 credit. I will sell calls against these (and long stock I’ve been previously assigned) on any significant moves up.

Option Iceman 12:05 pm on Friday, October 21, 2016
Tags: LEAPS ( 418 ), ShortCalls ( 979 )

$SVXY #ShortCalls #Leaps – so…

$SVXY #ShortCalls #Leaps – so … the market is never going down again and Volatility will stay low forever, right??
Sold 1 SVXY Jan 19 2018 145.0 Call @ 5.20
Sold 1 SVXY Jan 19 2018 150.0 Call @ 4.50
Sold 1 SVXY Jan 19 2018 155.0 Call @ 4.20 – Highest available strike price
About 50 % return on margin with the stock at it’s current price of 78.

fuzzballl 11:53 am on Friday, October 21, 2016

DUST….book ’em!

Plenty of time to sell these again so not even messing with it. I’ll look to get back in if this bounce follows through.

Bought to Close DUST DEC 16 2016 60.0/70.0 Bear call spreads @ .97 (sold for 2.05)

Option Iceman 11:50 am on Friday, October 21, 2016
Tags: ShortCalls ( 979 ), Weeklys ( 104 )

$SVXY #ShortCalls #Weeklys – Sold…

$SVXY #ShortCalls #Weeklys – Sold SVXY Nov 4 2016 81.5 Calls @ 1.10 adding to my position

Option Iceman 11:42 am on Friday, October 21, 2016
Tags: Rollup ( 121 ), ShortCalls ( 979 )

$DUST #ShortCalls #Rollup – doing…

$DUST #ShortCalls #Rollup – doing a second or third rollup on this stock
Bought to close DUST Oct 21 2016 34.0 Calls @ 4.63 – originally sold at 6.10
Sold DUST Nov 11 2016 37.0 Calls @ 5.40

Option Iceman 11:29 am on Friday, October 21, 2016
Tags: ShortCalls ( 979 ), Weeklys ( 104 )

$SVXY #ShortCalls #Weeklys – Sold…

$SVXY #ShortCalls #Weeklys – Sold SVXY Oct 28 2016 80.0 Calls @ 0.75 adding to my small position

jsd501 11:15 am on Friday, October 21, 2016

MDLZ

BTC October 21, 40 puts @0.08 cents to prevent possible assignment. These were sold @0.86 cents.

ncroadrunr 10:20 am on Friday, October 21, 2016

$SVXY

sold last of my holdings at $77.85, set just below upper BB.

Jeff 9:53 am on Friday, October 21, 2016
Tags: Earnings ( 3,108 ), Rolling ( 447 )

NFLX calls sold

#Earnings #Rolling Sold all of the following as my rolls. Will look to sell puts on any weakness:
Oct 28th 130 call for 1.10
Oct 28th 129 call for 1.35
Dec 16th 130 calls for 5.05
Jan 20th 130 call for 8.30
Mar 17th 150 calls for 4.50
June 16th 175 call for 3.00

I have no ITM positions and I will look to keep it that way.

Jeff 9:24 am on Friday, October 21, 2016
Tags: Earnings ( 3,108 )

NFLX rolling

#Earnings Although it would ave been best to close the Oct 21st 115 calls under $4 on Tues or Wed, at least I closed most of them this morning under $8. Closed all but one then was away from the computer when it shot to the moon. Closed the last one for 10.50. Avg price on closing all: 8.35.

Now working on the rolls.

ncroadrunr 9:19 am on Friday, October 21, 2016
Tags: Election

$SVXY

I am wondering what could go wrong with this idea:
sell a BeCS Nov 18 80/95 for $3.75. My thesis is the market is going to react strongly up and down after the election. This is like a gigantic earnings trade. I expect to buy back at considerably less. I would enter now with a small starter position expecting the premium to run-up until a day or two before election. Am I going to be playing red/black, or does it sound like a winner?

#election

optionshane 9:06 am on Friday, October 21, 2016
Tags: Earnings ( 3,108 )

MSFT #earnings BTC Nov 18…

MSFT #earnings
BTC Nov 18 55/50 put spread @ 0.14. Sold yesterday @ .81. 83% profit in one day.

jsd501 8:51 am on Friday, October 21, 2016

SVXY

BTC October 28. 55 puts @0.05

fuzzballl 8:40 am on Friday, October 21, 2016

TLT roll

Rolled 133 calls to next week’s 133’s @ .53 credit. These are sold against longer term short puts.

fuzzballl 8:38 am on Friday, October 21, 2016

WYNN calls

Replacing this week’s expiration with same strike next week. Selling against short puts.

Sold WYNN OCT 28 2016 97.0 Calls @ 1.79

geewhiz112 7:44 am on Friday, October 21, 2016

$TWLO STO 10/28 40 put @ 1.20

Orders in for
$T STO 10/28 38.50 put @ .60 Order filled
$FB STO 10/28 129 put @ 1.05

fuzzballl 7:43 am on Friday, October 21, 2016

Rolled Gold

Rolled 120 calls to next week 120 a .45 credit. Selling against longer term puts.

ncroadrunr 7:38 am on Friday, October 21, 2016

$NUGT follow-up on buy write…

$NUGT follow-up on buy write when calculated >3% ROI on weekly position of nearest OTM call. I have observed it is unlikely to work out as planned – call expires and stock has declined more than premium gained.

Wed I sold $NUGT Oct 21 $15 Call and bought stock net $14.25, gain$ 0.75 for ROI 5.25%. Thurs stock rolled over, I had stop at 14.48 just below pivot point, sold. Thurs I watched as price bounced around approaching 15 but not crossing. The 20 sma was declining below 15 yesterday and today the option price dropped from .48 (sold) to .20 start of today, and dropping until I closed for $0.05. No worries if prices move erratically this afternoon.

I think in the future I will calculate ROI and if >5% I will sell BeCS to minimize capital involved and maximize premium by allowing closer to ITM call sales.

Option Iceman 7:15 am on Friday, October 21, 2016
Tags: FallingKnife ( 963 ), ShortPuts ( 4,763 )

$MYL #ShortPuts #FallingKnife – Bought…

$MYL #ShortPuts #FallingKnife – Bought to close MYL Oct 21 2016 37.5 Puts @ 0.12 to avoid possible assignment. Originally sold @ 0.40.

fuzzballl 7:14 am on Friday, October 21, 2016

REGN calls

Replacing a 370 expiring today. Selling against next week’s 377.5 put.

Sold REGN OCT 28 2016 372.5 Call @ 4.00

Option Iceman 7:10 am on Friday, October 21, 2016
Tags: CoveredCalls ( 2,200 ), OptionLadder ( 132 ), Rollup ( 121 )

SVXY #CoveredCalls #Rollup #OptionLadder -…

$SVXY #CoveredCalls #Rollup #OptionLadder – I split my position for today at 75 into two new positions so I can cover both weeks where I have no exposure.

Bought to close SVXY Oct 21 2016 75.0 Calls @ 1.57
Sold SVXY Nov 25 2016 80.0 Calls @ 2.77 for a 1.20 credit
and
Bought to close SVXY Oct 21 2016 75.0 Calls @ 1.42
Sold SVXY Dec 2 2016 80.5 Calls @ 4.41 for a 2.99 credit

Today’s strike 75 calls were originally sold at 4.44 on another rollup

Kelly 7:07 am on Friday, October 21, 2016
Tags: ContangoETFs ( 446 )

Market

I’m really surprised at how low the $VIX and $VXX instruments are given how weak the market has been acting and how bad the charts of the indexes look. Still a pretty healthy contango in the $VIX futures curve driving $UVXY lower and $SVXY grinding higher. $SPX is below yesterday’s low, yet $UVXY is well below yesterday’s high.

#contangoetfs

Option Iceman 7:03 am on Friday, October 21, 2016
Tags: ShortPuts ( 4,763 )

$NUGT #ShortPuts – Bought to…

$NUGT #ShortPuts – Bought to close NUGT Oct 21 2016 13.5 Puts @ 0.05 to avoid possible assignment if NUGT takes an afternoon swan dive. They can’t trade any lower and all my other short puts at 10/10.5/11/12/12.5 are likely to expire

Jeff 7:00 am on Friday, October 21, 2016
Tags: Earnings ( 3,108 )

NFLX put

#Earnings STO NFLX Oct 28th 120 put for 1.20. Working on rolling 115 calls today. Considering Dec 120/125 strangle for starters

fuzzballl 6:52 am on Friday, October 21, 2016

NFLX puts

Replacing expiring position with next week. Selling against longer term short calls…

Sold NFLX OCT 28 2016 122.0 Puts @ 2.00

jsd501 6:44 am on Friday, October 21, 2016

DUST

STO 60/70 December 16, bear call spread @0.90 cents

Jeff 6:31 am on Friday, October 21, 2016
Tags: Earnings ( 3,108 )

GS earnings trade closed

#Earnings I closed the call spread for 2.30, but it is currently closable for breakeven. Get out now unless you think we could drop closer to 170 by the close.