A massive rally in oil led to a big rally in oil stocks, and conversely a big sell-off in sectors that might get hurt from higher inflation. Bonds also got walloped as any whiff of inflation hits that futures product hard. With Bonds near their October 2015 lows, while the SPX is near an all-time high some real portfolio adjustment is just about to hit the market. The HUGE standout today were the FNMA stocks. – From Another Site…
Monthly Archives: November 2016
#spxcampaign Expired at Full Profit…
#spxcampaign
Expired at Full Profit
$SPX 2145/2170 BUPS Sold @ 2.40 Thank you Jeff
$SPY
I’m willing to get long the S&P @ 2150 so, STO $SPY Dec 16 $215/$205 BuPS @ $.62
#spxcampaign Going With Jeff $SPXY…
#spxcampaign
Going With Jeff
$SPXY 12/7/2016 2265/2240 BECS @ 1.75
$SPXY 12/7/2016 2150/2175 BUPS @ 2.85
Half Of @thomberg1201 tasty trade
$SPX 1/20/2017 2080/2100 BUPS @ 2.30
$MCO #CoveredCalls – Sold MCO…
$MCO #CoveredCalls – Sold MCO Dec 16 105.0 Calls @ 0.33. Getting what I can with time running out on this contract.
#shortstrangle EWW Closed Jan. 20…
EWW Closed Jan. 20 38/48 for 36, sold for 103 on Nov. 18
$FNMA
Hope no one was short calls on this thing. 🙂
$MRO #CoveredCalls – Sold MRO…
$MRO #CoveredCalls – Sold MRO DEC 2 2016 18.5 Calls @ 0.20. These expire Friday
$SVXY #ShortCalls – a couple…
$SVXY #ShortCalls – a couple of trades today to raise my breakeven levels
Bought to close SVXY Dec 2 2016 90.0 Calls @ 0.05
Sold SVXY Dec 23 2016 95.0 Calls @ 1.15
Sold SVXY Dec 30 2016 95.0 Calls @ 1.60
#spxcampaign #ironcondor #tastytradefollow SPX Jan….
#spxcampaign #ironcondor #tastytradefollow
SPX Jan. 20 2080/2100/2200/2220 for 13.80
$MNK #ShortPuts #FallingKnife – Sold…
$MNK #ShortPuts #FallingKnife – Sold MNK Jan 20 2017 40.0 Puts @ 0.90
SPX extra puts sold
#SPXcampaign Since I sold Dec 7th calls this morning, just sold some puts to offset them:
Sold to Open $SPX Dec 7th 2175/2150 puts for 2.70, with SPX at 2205.
I’m now trading in a pretty tight range, 2190 to 2230, through Friday the 9th. I’m hoping strong moves in either direction wait until after that! But, #Jobs report is this Friday…
/ES Eminis
#FibwizardStyle SOLD /ES DEC 30 2016 (EOM) 2110/2010 Bull put spreads @ 4.80
Selling against a short call…
GS
#ShortPuts – Aggressive here so will be watching closely…
Rolled Dec 16th 200 puts out and up to Dec 23rd 210 puts @ 1.33 credit.
Total credit now up to 2.58…
$DUST #SHORT CALLS STO BeCS…
$DUST #shortcalls
STO BeCS Dec 2 55/65 spread for $2.40 credit. My plan is to buy the underlying if price rises to $56 between now and expiration. It appears to be making lower highs/lows since 11:30 today.
TLT
#ShortCalls – Still selling weeklies against ITM puts.
Sold TLT DEC 9 2016 120.5 Calls @ .96
GLD
#ShortCalls – Still selling weeklies against ITM puts.
Sold GLD DEC 9 2016 112.5 Calls @ 1.22
#shortputs USO Closed Dec. 16…
USO Closed Dec. 16 and Jan. 16 9.5 puts bought yesterday and Nov. 3, made 60%. I won’t bet that some of the worst people in the world keep their word of honor to each other.
GOOGL
#CoveredCalls #IRA Setting up next week…
Buy to Close GOOGL DEC 2 2016 792.5 Call @ .96 (sold for 2.63)
Sold GOOGL DEC 9 2016 790.0 Call @ 4.77
$NUGT #SHORT CALLS #GOLD entered…
$DUST #coveredcalls #GOLD
entered a buy write net $53.40 for a Dec 02 $56 call. If exercised 4.87% ROI, so I have protective stop at $54.50
AMZN
#CoveredCalls#IRA Setting up next week…
Bought to Close AMZN DEC 2 2016 790.0 Call @ .21 (sold for 4.68)
Sold AMZN DEC 9 2016 775.0 Call @ 3.67
New Trade
Sold to open, 2ea Dec 30 2010/2110 BUPS for a credit of 4.45 per spread, 890.00 Total
BTO 2 Dec 30 2010 puts at 2.45, debit at 490.00, purchased at Delta 5
STO 2 Dec 30 2110 puts at 6.90, credit at 1380.00, purchased at Delta 13
SPX was at 2206 at the time..or thereabouts
Closed SPX Trade
BTC 2 Dec 07 2140 Short puts at $1.30, prev sold on 21-Nov,at $4.20, for a 60% win.
Since this was a Roll or second short put sold against my original long side, this week is closed out, as the price of the next Delta-12 Put is too close to current mkt price of 2210.
XOP here goes $XOP as…
XOP here goes $XOP as OPEC agrees to cut production. XOP up 10.5%
DUST calls
Sold $DUST Dec 23 85 calls @ 1.50. Highest strike.
#spxcampaign Closed early $SPX 12/9…
#spxcampaign
Closed early
$SPX 12/9 1985/2010 BUPS @ 92% profit
#BUPS
$GOOGL STO 12/23 750/760 BUPS @ 1.00
BERY, SHORT puts
STO January 47.5 puts @0.70
TIF closed
#Earnings BTC $TIF Dec 2nd 73 puts for .01. Sold with 73/85 strangle for 1.14 on Monday. Total trade closed for .11
$CVS #CoveredCalls – Sold CVS…
$CVS #CoveredCalls – Sold CVS Feb 17 2017 85.0 Calls @ 0.54 with the stock at 76.78. Strike is above the gap caused by the last earnings report and is paired against long stock acquired at 80.
As WalgreensBoots hits new highs, it’s dragging CVS up with it.
SPX calls sold
#SPXcampaign Sold to Open $SPX Dec 7th 2240/2265 call spreads for 1.75. These should expire next Wednesday. Completion of my rolls from stopped call spread yesterday.
New all time highs on SPX this morning.
SVXY
#CoveredCalls Rolled this week’s 73.5’s out two weeks to monthly 74.5’s at even. Scratching another dollar upside out of it…
EDIT…actually had it in for even but filled at .22 credit. 🙂 🙂
Market levels
Market Momentum – The S&P is 2.8% above its 125 day average. This the furthest its been above this level in 2 years.
Put/Call – Put volume has lagged Calls in the last week of trading by 35%…again a 2 year low
Stock vs Bonds – Stocks have outperformed Bonds by 7.61% the last 3 weeks, indicating a rotation from safety to Risk.
Just a few passing observations going into the holiday rally period..
SPX rolling out calls
#SPXcampaign I was hoping for another day of weakness to get out of an ATM call spread, but the push back to 2210 signals tomorrow could go either way. So I’ve closed it and am now selling several short-term spreads as rolls. All spreads are same position size, so I want the new ones to add up to at least the 7.55 I spent for the stop.
Bought to close $SPX Nov 3oth 2200/2225 for 7.55. Sold for 1.30 on Nov 3rd.
Sold to Open $SPX Dec 2nd 2190/2165 put spreads for 2.55
Sold to Open $SPX Dec 5th 2230/2250 call spreads for 1.55
Sold to Open $SPX Dec 5th 2175/2150 call spreads for 2.15
Need one more spread for 1.30 or more.
$CVS #CoveredCalls – Sold CVS…
$CVS #CoveredCalls – Sold CVS DEC 23 2016 78.0 Calls @ 0.62 early this morning. I could get more for them now.
SVXY/UVXY
52 week high in SVXY, 52 week/all-time low in UVXY.
#VXXGame
MNK puts
Post-earnings move down this morning. Sold $MNK Jan 20 45 puts @ 1.70. Delta is 22. If assigned in January it would be at a 4 year low for the stock.
SPX puts closed, calls sold
#SPXcampaign Bought to close $SPX Nov 30th 2170/2145 put spreads for .20. Sold for 2.50 on Nov 21st.
Sold to Open $SPX Dec 30th 2280/2305 call spreads for 1.30, when SPX was at 2206.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Dec 16 2016 60.0 Puts @ 0.20
#shortputs USO sold Jan. 20,…
#shortputs
USO sold Jan. 20, 9.50 put for .47
TIF calls closed
#Earnings Bought to close $TIF Dec 2nd 85 calls for .10. Sold yesterday as part of the 73/85 strangles for 1.14. Order in to close the puts for .01.
$SVXY $VXX
#VXXGame
Nibbled a little this morning, will add rungs to the ladders if we get more volatility.
STO $SVXY Dec 23 $60 puts @ $.54
STO $SVXY Dec 23 $65 puts @ $.95
STO $VXX Dec 23 $39 calls @ $.30
STO $SVXY Dec 30 $60 puts @ $.70
Back in…
Been out of country for the past 8 days, but now back. Hope you were bullish while I was out. I was not this bullish and now have to manage some stuff before this Friday. May have to ask for some advice as I get readjusted to time zones and this market.
TIF earnings
#Earnings Closed 75 puts @ .05 and still holding 83 calls.
Original trade of 75/83 strangles @ 1.45
A chart of interest…
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts – Sold DUST Dec 16 2016 35.0 Puts @ 0.80 with the stock at 50.52
$SVXY
Welcome back all. Hope all of you had a grand holiday and are well rested. I sure needed it. Popped in here at the end of the day. Tied up this morning and afternoon so I put on a few SVXY trades in case the market pulled back some. Just pinged on the fills
Sold Dec 16th 70 Put at 1.15 when $SVXY was at 84.01
Sold Dec 16th 60 Put at 0.45 when $SVXY was at 83.91
VXX GAme
SVXY
STO January 60 puts @1.65
Another Possible Trade…
2016.11.28 Fluor FLR Enter at 54.32 – 55.00 Exit at or near 67.00
I am not taking it, but I thought I’d pass it on to anyone who may be interested…
$SVXY
STO Dec 16 $65 puts @ $0.75
SPX puts sold
#SPXcampaign Sold to Open $SPX Dec 30th 2080/2055 put spreads for 1.30, with SPX at 2206.
#SPXcampaign STO SPX 6 JAN…
#SPXcampaign STO SPX 6 JAN 17 2100/2000 BuPS @5.40
Jeff do you have new…
Jeff do you have new presentation of NUGT and DUST?
A possible Bottom in Gold..
Bought Shares in GDXJ and NUGT, based on moves I see happening in the Forex and a possible near term bottom in the Gold chart…
CMG
#ShortPuts #IRA Thanks for the idea Jeff…
Sold CMG Jan 6 2017 370.0 Put @ 4.80
$SVXY #ShortPuts – with the…
$SVXY #ShortPuts – with the call assignment I had last Friday, I have a bit of spare cash that I can use to sell more puts against.
Sold SVXY Dec 2 2016 72.0 Puts @ 0.25
Sold SVXY Dec 2 2016 70.0 Puts @ 0.20
These are more than 10 points out of the money and expire at the end of the week.
RGLD covered calls
#Earnings #StockTrades #CoveredCalls
STO $RGLD Dec 16th 75 call for .90
STO $RGLD Jan 20th 77.5 call for 1.65
TIF earnings
#Earnings #ShortStrangles Sold to Open $TIF Dec 2nd 73/85 strangles for 1.14. Over last 3 years, 5-days after earnings: Biggest UP move: 10.1%, Biggest DOWN move: -5.1%, Average move: 4.8%. The put is -6.4% OTM, and the call is 9.0% OTM.
TLT #shortstrangle Followed from TT…
TLT
#shortstrangles Followed from TT Jan 20 121 put/122 call for 5.00
CMG roll
#Earnings #ShortStrangles #Rolling
Rolling up CMG short put. Also short the Dec 16th 420 call
BTC CMG Dec 16th 350 put for .80. Sold for 10.80 on Nov 1st.
STO CMG Dec 23rd 380 put for 5.00.
$DUST #SHORTCALLS #GOLD STO Dec…
$DUST #SHORTCALLS #GOLD
STO Dec 9 $50 Call for $9 when $54.50, as price is falling now $52 range trying to buy back $2-3. I also bought stock at $55.20, not sure if I’ll hold or cut losses. I think gold will continue to fall sending $DUST higher. I would appreciate other thoughts.
#coveredcalls TLT UVXY Sold TLT…
#coveredcalls
TLT UVXY CHK
Sold TLT Dec. 9 124 call for .42
Sold UVXY Jan. 20 20 call for .78
Sold CHK Jan. 20 8 calls for .24
#SPXcampaign STO Dec 30 SPX…
#SPXcampaign STO Dec 30 SPX 2125/2100 for $2.60 when SPX was at 2207.25
SPX puts sold
#SPXcampaign This is from last week’s campaign but I couldn’t get it filled on Friday:
Sold to Open $SPX Dec 23rd 2095/2070 put spreads for 1.30, with SPX at 2207.
REGN puts sold
#Earnings #InverseStrangle #ShortPuts
Currently short the Dec 2nd 375 call and Dec 9th 415 put (inverse strangle). Selling some puts on the spike down this morning:
STO REGN Dec 2nd 380 put for 2.40
STO REGN Dec 9th 380 put for 5.00
Econ Calendar for week of 11/28/16
#OptionsExpiration #Weeklys #VxxGame #Holiday Hope…
#OptionsExpiration #Weeklys #VxxGame #Holiday
Hope everyone had a great holiday. I got to spend last week with my family, most of whom I only get to see once a year, so I stayed away from the market all week and just spent time with them. It was great.
Here is what I had expire
$SVXY $50 puts
$SVXY $60 puts
$UVXY $25 calls
$UVXY $27 calls
$UVXY $28 calls
$UVXY $30 calls
$UVXY $35 calls
$VXX $40 calls
$VXX $45 calls
Also during the week I had a GTC order get filled. STO $SVXY Dec 9 $67.50 puts @ $0.65
Starting to run low on open positions again, need a pull back so I can reload. Maybe in the lead up to the Fed meeting we’ll see a pullback as people lock in gains just in case the Fed say’s something or they do something with the dot plot that isn’t expected.
#Expire $FB 115 put #spxcampaign…
#Expire
$FB 115 put
#spxcampaign
$SPX STO 12/12 2120/2145 BUPS @ 1.65
#Closed Early
$SPX 12/9 1950/1075 BUPS @ 93% profit
#Complete Loss
DE 90/92.5/95 iron butterfly
#Trade Sell Put
$FB 12/15 115 @.80 (replace one that just expired)
#OptionsExpiration for 11/25 Only 2…
#OptionsExpiration for 11/25
Only 2 today:
$DUST 11/25/2016 70 calls
$UVXY 11/25/2016 35 calls
No assignments.
Have a great rest of your long weekend everyone.
$SVXY ShortCalls – Bought to…
$SVXY ShortCalls – Bought to close SVXY Nov 25 2016 85.0 Calls at 0.10 and 0.15 after the market closed.
I was not happy about having to cover, but I did make money on both trades.
#OptionsExpiration #Weeklys #Nov25 – Liquidated…
#OptionsExpiration #Weeklys #Nov25 – Liquidated some more SVXY that barely escaped assignment a week ago at 81.50. So I’ve raised more cash. Everything else expired or was rolled earlier today.
— Expirations —
AAPL (Weekly) Nov 25 2016 100 Puts
DUST (Weekly) Nov 25 2016 70 Calls
MYL (Weekly) Nov 25 2016 42.5 Calls (Covered)
NKE (Weekly) Nov 25 2016 47.5 Puts
SVXY (Weekly) Nov 25 2016 40 Puts
SVXY (Weekly) Nov 25 2016 45 Puts
SVXY (Weekly) Nov 25 2016 50 Puts
SVXY (Weekly) Nov 25 2016 66.5 Puts
UA (Weekly) Nov 25 2016 30 Puts
UVXY (Weekly) Nov 25 2016 35 Calls
— Assignments —
SVXY (Weekly) Nov 25 2016 82 Calls (Covered)
SVXY (Weekly) Nov 25 2016 83.5 Calls (Covered)
$DUST #SHORT CALLS #GOLD roll…
Options Expiration 11/25/16
#OptionsExpiration #SPXcampaign #Earnings #ShortPuts #IronButterfly #ContangoETFs
— Expired —
DUST 35 puts
REGN 390 put
SPX 2150/2125 put spreads (sold for 2.70 on Nov 15th)
SPX 2175/2150 put spread (sold for 14.00 on Oct 13th)
— Expired with max loss —
DE 90/92.5/95 iron butterfly
SPX close @ 1:15 today?
SPX close @ 1:15 today?
$SVXY #ShortCalls #Rollup – Bought…
$SVXY #ShortCalls #Rollup – Bought to close SVXY Nov 25 2016 83.5 Calls / Sold SVXY Dec 9 2016 87.0 Calls for a 0.68 Credit. Bumped the strike price up 3.5 points
Option Expiration
Only one expiration today.
SVXY, 45 puts, sold @0.55
Have a nice weekend.
Options Bistro 