Sold $DUST Nov 4 70 calls @ 2.00
Monthly Archives: October 2016
SPX put spreads sold
STO Nov 11 1990/1965 puts @ 1.40 when SPX @ 2148
FB covered puts
#ShortStock #CoveredPuts #Earnings #Rolling some $FB positions…
BTC FB Oct 14th 125 put for .07. Sold for 1.10 on Sept 16th.
BTC FB Dec 90 put for .11. Sold for 2.68 on June 15th.
STO FB Oct 28th 127 put for 1.11
$DUST STO Oct 14 $50…
$DUST STO Oct 14 $50 call for $2.60 half an hour ago, covered.
$DUST #ShortCalls – Sold DUST…
$DUST #ShortCalls – Sold DUST Oct 14 2016 61.0 Calls @ 0.40. These expire in 4 days
SPX calls closed
#SPXcampaign Bought to close $SPX Oct 28th 2230/2255 call spreads for .20. Sold for 1.30 on Sept 27th.
DUST call
#ContangoETFs Sold to Open $DUST Oct 14th 55 call for 1.25. Expires this Friday.
DUST calls
Sold $DUST Nov 18 70 calls @ 3.20. Highest strike in Nov.
$BMY #ShortPuts #FallingKnife – Sold…
$BMY #ShortPuts #FallingKnife – Sold BMY Nov 11 2016 45.0 Puts @ 0.39.
SPX puts sold
#SPXcampaign Sold to Open $SPX Nov 11th 2000/1975 put spreads for 1.30, with SPX at 2156.
SPX calls closed
#SPXcampaign In Pre-Market, bought to close $SPX Oct 14th 2185/2210 call spreads for .80. Sold for 7.60 on Sept 28th. I’m nearing the end of my ITM rolling, recouping all losses from a few spreads that went completely ITM over the summer.
$SVXY
It’s good to be back home. Spent a week in New Mexico, took in some of the balloon fiesta and visited relatives. Unfortunately, I had very little market access all week. Fortunately, there wasn’t a lot to do. Since I knew I would not get home until after the market closed today, I entered an order over the weekend to replace my covered calls that expired on friday. Got a fill today right at the open. Guess I had my limit set too low.
STO Oct 14 $75 call @ $1.95
With the move that $SVXY made today, obviously that wasn’t a great fill. But this has been a nice little trade so I’ll take it. Who knows what will happen by friday.
Boring day…
…but interesting that VIX has been flat all day despite the indices all up significantly. I still don’t feel that new highs are in the cards without first having a deeper dip than we got in September.
IBB strangle
Adding a new one to my stable of strangles…
Sold IBB NOV 18 2016 265.0/310.0 Strangle @ 5.15
TWLO PMCC
I closed my $TWLO poor man’s covered call. I had bought a TWLO 20jan17 55 call and was selling weekly calls against it. The party ended with the company announcing it was doing a secondary offering of the stock and the shares tanked after hours on Friday and continued to spiral down today. I lost 3.98 on the trade, but since I was experimenting with it I only had one contract so not a devastating loss. Good experience and I may try some of these again when the market is in a healthier place.
BMY
STO January 45 puts @1.14
Simpler Trading founder John Carter…
Simpler Trading founder John Carter provides an historically informative and operationally instructive free seminar in the link below “Trade the Election 2016” it’s apolitical and a welcome relief from current events…whew!
http://tinyurl.com/jhqtty2
This Chart shows which is…
This Chart shows which is the best strategy when the IV is rising, steady or dropping.
AMZN
On Sept 22 I sold an 850/860 October 21 call spread for about 1.00 AMZN was at 794, top of the BBs, should be OK. Today it is at 843, within the BBs, a PE of 209! I closed it, losing $260, not going to watch it go up every other day, thinking it won’t go to 850 in the next 2 weeks and lose $1,000.
UVXY call spreads
Bought to Close UVXY OCT 21 2016 40.0/50.0 Bear call spreads @ .02 (sold for 1.00)
Only a starter position that I never got a chance to add to…
SPX calls sold
#SPXcampaign Sold to Open $SPX Nov 11th 2240/2265 call spreads for 1.55, with SPX at 2169.
$CUDA
Earnings this week. Stock beat earnings last two quarters.
Order in to
STO 10/21 22.50 puts @ 1.05
SPX puts sold
#SPXcampaign STO Nov 4 2220/2245 call @ 1.60, SPX @ 2168, coupled with SPX Nov 4 2000/1975 put @ 1.40 sold on Oct 4 now an iron condor.
SVXY
BTC Nov 21 55 puts @ .20, sold on Sep 9 @ 2.50 with 88% profit.
SVXY
A partial fill on my bid. BTC October 21, 45 puts @0.05 with ten days to go before expiration. I still think we have a chance to get up to 90.
The market going up today
The market going up today
$SPX iron condor — an extra
Took an extra SPX iron condor for a Wednesday expiration. Don’t usually do those but looked good.
STO SPX Nov 9 2250/2240/2010/2000 @ 1.20.
Expired 10/7
$SVXY 45 put
Closed Early 10/7
BTC $NFLX 110 call @ 3.98 Sold @ 1.66 as part of strangle with 85 put
BTC $NUGT 1/20/2017 37 call @ 4.00. Sold @ 23.50 6/29
Assigned $ULTA @ 240 from 235.240 BUPS expiring while I was not WATCHING
Trades 10/7
STO $SVXY 1/20/2017 45 put @ 2.20
STO $SPX 10/28 2225/2200 BECS @ 3.80
STO $SPX 11/4 2240/2215 BECS @ 1.60
Options Expiration
$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
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).
VIX Indicator and SPX Chart have been updated
Have a great jobs Friday everyone!
Some Trades
STO
$SPX 11/4 2260/2235 BECS @ 1.20
$SPX 11/4 1985/2010 BUPS @ 1.20
$DUST 12/16 60 call
$NUGT 10/21 12 put
$OPHT 10/21 45 put
BTC
$NUGT 11/4 29 call @.10 Sold 9/29 @ .80
$NUGT 1/20/2017 50 call @ .50 Sold 7/29 @ 31.50
$SPX 10/14 2245/2220 BECS @ 83% profit
$SVXY 1/20/2017 30 put @ .60 Sold 1/11 @ 6.60
SVXY
STO January 45 puts @2.05
Taking off some more NUGT calls
Continuing to take positions off near max profit to reduce exposure.
Bought to close $NUGT Nov 18 21 calls @ .40. Sold for 3.95 on 8/30.
Bought to close $NUGT Dec 13.60 calls @ 2.00. Sold for 20.60 as a rollout on 8/3.
$DUST calls–1 day trade
Sold $DUST Oct 7 60 calls @ .50 with the stock at 50.07. Expires tomorrow.
UVXY and NUGT
Had some GTC orders fill:
Today BTC UVXY Oct21’16 35 CALL @ 0.10, sold for 2.40 on 9/9/16.
Yesterday BTC NUGT Oct28’16 21 CALLS @ 0.20, sold for 1.20 on Monday.
UVXY call closed
#VXXGame Bought to close $UVXY Dec 55 call for .86. Sold for 4.40 on Sept 13th.
SPX puts sold
#SPXcampaign Sold to Open $SPX Oct 19th 2100/2075 put spreads for 2.75. This is an extra spread to offset my call spread with the same expiry. I will stop and roll if we break the Sept 12th low of 2119.
SPX calls closed
#SPXcampaign Bought to close $SPX Oct 20th 2225/2250 call spreads for .20. Sold for 1.55 on Sept 19th.
Karen SuperTrader saga
Here’s a link to the SEC’s response to request for dismissal. Interesting to read at least the intro in the continuing saga of a revered trader who was allegedly perpetrating fraud.
https://www.yumpu.com/en/document/view/56010098/mtd-opposition-10032016
TWTR
TWTR 11/18/2016 17.00 Put sold for $0.64
Open Action
TWTR sinking on rumors; Gold, NUGT sinking further, Bonds sinking further.
What will the jobs data do to this market tomorrow?
Options Bistro 