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.
Monthly Archives: October 2016
$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.
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)
$SVXY #ShortCalls #Weeklys – Sold…
$SVXY #ShortCalls #Weeklys – Sold SVXY Nov 4 2016 81.5 Calls @ 1.10 adding to my position
$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
$SVXY #ShortCalls #Weeklys – Sold…
$SVXY #ShortCalls #Weeklys – Sold SVXY Oct 28 2016 80.0 Calls @ 0.75 adding to my small position
MDLZ
BTC October 21, 40 puts @0.08 cents to prevent possible assignment. These were sold @0.86 cents.
$SVXY
sold last of my holdings at $77.85, set just below upper BB.
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.
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.
$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?
MSFT #earnings BTC Nov 18…
MSFT #earnings
BTC Nov 18 55/50 put spread @ 0.14. Sold yesterday @ .81. 83% profit in one day.
SVXY
BTC October 28. 55 puts @0.05
TLT roll
Rolled 133 calls to next week’s 133’s @ .53 credit. These are sold against longer term short puts.
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
$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
Rolled Gold
Rolled 120 calls to next week 120 a .45 credit. Selling against longer term puts.
$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.
$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.
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
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
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.
$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
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
NFLX puts
Replacing expiring position with next week. Selling against longer term short calls…
Sold NFLX OCT 28 2016 122.0 Puts @ 2.00
DUST
STO 60/70 December 16, bear call spread @0.90 cents
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.
Closed Early
$SPX 10/28 1975/2000 BUPS @ 90% profit
$SPX 10/28 2225/2000 BECS @ 94% profit
Assigned early on OPHT 10/21 45 put Shares at 42.10 basis
Trades
Sold
$SPX 11/18 2250/2225 BECS @ 1.10
$SPX 11/4 2210/2185 BECS @ 2.05
$SPX 11/18 1935/1960 BUPS @ 1.50
$NFLX 11/18 135/130 BECS @ .90
BTO $BAC 1/20/2017 16 call @ 1.12
STO $DUST 10/21 puts @ .45
STO $NFLX IC 113/118/123/118 @2.65
Thanks to all for input
VIX Indicator and SPX Charts…
VIX Indicator and SPX Charts have been updated
$SVXY #ShortCalls – Sold SVXY…
$SVXY #ShortCalls – Sold SVXY Nov 4 2016 81.5 Calls @ 1.00 – after hours fill at 4:15 as the stock spikes to 77.19
$MCO #ShortPuts #Earnings – Sold…
$MCO #ShortPuts #Earnings – Sold MCO Oct 21 2016 105.0 Puts @ 0.60. The 3 month low on the stock was set in early September near 105.50.
$MCD #ShortPuts #Earnings – Sold…
$MCD #ShortPuts #Earnings – Sold MCD Oct 21 2016 106.0 Puts @ 0.15. The 3 month low on the stock was set today at 110.33.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Nov 11 2016 85.0 Calls @ 1.20.
Also Sold SVXY Oct 28 2016 80.0 Calls @ 0.55
#Earnings #Tonight $SLB $MSFT $ETFC…
NFLX calls sold
#Earnings STO NFLX Oct 28th 130 calls for .50
AMZN Iron Condor
AMZN OctWk4 740/750 Put 870/880 Call sold for $3.36
8 DTE
Anything good for earnings tonight?…
Anything good for earnings tonight? Haven’t gotten to it yet.
EBAY Followed a trade at…
EBAY
Followed a trade at TT Nov. 18 26/28/28/31 for 1.56. This is from Ryan.
$SVXY #ShortCalls #Rollup – trying…
$SVXY #ShortCalls #Rollup – trying to get ahead of the typical Friday Rally in SVXY by rolling today.
Bought to close SVXY Oct 21 2016 72.0 Calls @ 4.08 with the stock at 76.01
Sold SVXY Nov 11 2016 76.0 Calls @ 4.55.
Pushed the strike price up 4 points plus received a 0.47 Credit. The time premium was gone from the existing position.
GS Anyone else looking at…
GS Anyone else looking at the GS trade for possible rolls? Looking at buying the 170 back at 4.85 and selling the 175 for .75 turning the trade into a BuCS which if GS pinned at 175.00 would credit the 2.50 resulting in about a break even. Any thoughts on this strategy?
DUST
STO November 25, 55/65 bear call spread @0.90 cents.
SPX puts sold
#SPXcampaign On the lowest tick of the day, this order filled: Sold to Open $SPX Nov 17th 1990/1965 put spreads for 1.45, with SPX at 2133.
EBAY
BTC Nov 18 33/37 Call spread @ .05. Sold on 9/27 @ .82. I didn’t intend for this to be an earnings play, but it worked out ok.
VZ
STO January 45 puts @0.63 cents.
$UVXY
STO Nov 11 $27 calls @ $0.50. Will add if premium improves.
$UAL #ShortPuts #FallingKnife – Bought…
$UAL #ShortPuts #FallingKnife – Bought to close UAL Dec 16 2016 31.0 Puts @ 0.01. These can’t trade any lower and still have 57 days until expiration.
Originally sold @ 1.37 during the Brexit scare on 06/27/2016
$NUGT
covered call sold yesterday – stopped out of stock at 14.48, 0.25 loss on stock but potential 0.48 profit on option. I’ll put in offer for day buy to close at 0.05, still profitable. I thought the >3% profit on weekly was too rich.
GS roll
BTC October 21, 167.5 call and STO November 4, 167.5 call for a credit of 0.70 cents.
SPX calls closed
#SPXcampaign Before selling the spread below, this one closed 9 minutes after the open: Bought to close $SPX Nov 4th 2215/2240 call spreads for .20. Sold for 1.65 on Oct 7th.
SPX calls sold
#SPXcampaign Sold to Open $SPX Nov 17th 2215/2240 call spreads for 1.50, with SPX at 2146.
IBM puts
Replacing some that are expiring this week.
Sold IBM OCT 28 2016 152.5 Puts @ 1.50
Looking to roll some 149 calls out and up also…
EBAY earnings
Tony V brought me down…LOL Instead of messing around rolling the puts I’m taking the stock so:
Sold EBAY NOV 4 2016 29.0 Calls @ 0.91
Guess he’s making up for the huge BBY winner last time around…goal is to get out of EBAY as quickly as possible. Stayed small just for this reason…in case I had to buy the stock.
$SPX IC closed at 60%
Another IC closed this morning at 60% max profit.
BTC SPX Nov 4 2220/2210/2000/1990 for 0.40.
Sold this originally for 1.05.
I know it may seem like these are little amounts. Yes, only 0.65 minus commissions. These add up. I’m actually having one of my best months ever.
Thanks to @Jeff for getting me interested in $SPX spreads last year with the #SPXcampaign, and thanks to TT for helping me see that getting out at the 50% level is profitable for the long run.
Expired $SPX 10/19 2325/2210 BECS
Bought 9/30 @2.10
Options Expiration 10/19/16
#OptionsExpiration #SPXcampaign
Expiring today $SPX Oct 19th 2055/2080/2150/2175 iron condors, sold as a roll last Thursday for 5.25.
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.
Options Bistro 