#SPXcampaign After the bell, bought to close $SPX Nov 11th 2225/2250 call spreads for .10. Sold as part of a #CondorRoll on Friday for 2.10. The 1925/1900 put half is still going.
Daily Archives: Tuesday, November 1, 2016
$UVXY $VXX
Still trading very small, today might have been a bottom, but might not. Made these trades shortly before the close after $VXX and $UVXY had already pulled back. Still staying small and near term.
STO $VXX Dec 9 $60 calls @ $0.42
STO $UVXY Nov 18 $28 calls @ $0.86
STO $UVXY Nov 18 $32 calls @ $0.60
STO $UVXY Nov 11 $27 calls @ $0.70
Market made a good come…
Market made a good come back. I don’t know about you, but it just didn’t feel like any panic or capitulation. Market just slid down. $VIX didn’t really spike, just a slow grind higher until the market turned around. Way to orderly.
EA earnings
What the heck…this one worked last time…
75/78/81 @ 2.50
CMG roll
SVXY calls closed
#VXXGame Earlier, BTC SVXY Nov 18th 85 calls for .40. Sold for 2.10 on Sept 21st.
BTC SVXY Dec 16th 95 calls for .50. Sold for 3.45 on Aug 9th.
SPX next-day spread closed
#SPXcampaign Bought to close $SPX Nov 2nd 2075/2050 put spreads for .25. Sold for 1.50 two hours ago.
VRX?
What the heck was that?
BABA GILD HLF earnings
I’ve had a pretty good earnings season (thanks GOOGL!) so taking a few low probability but low risk trades. Not interested in any of these for longer term stuff so going with iron flies inside the expected move on all 3.
BABA 97/100/103 @ 2.52. Risking 48 to make 252 per fly (expected move 4.15)
GILD 71.5/73.5/75.5 @ 1.64. Risking 36 to make 164 per fly (expected move 3.05)
HLF 56/59/62 @ 2.47. Risking 53 to make 247 per fly (expected move 4.63)
Closing ILMN
Taking this position off for about 55% max profit before earnings after the close today.
Bought to close $ILMN Dec 16 110 puts @ .55. Sold for 1.25 on 10/12.
SPX stop and reverse roll
#SPXcampaign With significant weakness in the market I am getting some put spreads out of the way before they have a chance to get ugly.
Bought to close $SPX Nov 11th 2000/1975 put spreads for 2.75, sold for 1.30 on Oct 11th.
#ReverseRoll: Sold to Open Nov 17th 2185/2210 call spreads for 2.10, with 1.5x position size.
CMG rolling
Fourth VIX signal
#VIXIndicator We just hit a 25% increase over the 2-day closing low, which is a fourth signal in this correction.
SPX Put spread
Spx nov wk1 2045/2020 STO for $1.30 when spx at 2101.
3 days trade. hope it holds.
Econ calendar for week of 10/31/16
SPX next-day puts sold
#SPXcampaign Sold to open $SPX Nov 2nd 2075/2050 put spreads for 1.50, with SPX at 2104. Expires tomorrow (hopefully).
SVXY puts
Sold SVXY MAR 17 2017 40.0 Put @ 2.80
Sold SVXY MAR 17 2017 45.0 Put @ 4.00
GLD roll
Rolled this week’s 120.5 calls to next week’s 121’s @ .25 credit. These are sold against Nov monthly 122 puts…
XLE roll
Rolled almost worthless Nov 74 calls out to Dec 72 calls @ .75 credit. Might as well put ’em to work instead of waiting 3 weeks for a nickel…
Still holding Nov 66 puts…
SVXY
STO January 2018, 45 puts @9.10, my first position that far out.
New VIX high
Today the VIX topped its Oct 13th high of 17.95. A third signal fired Friday but no new signal today (yet), indicating a fairly orderly, 6-day move up.
GILD iron butterfly
#Earnings Sold to Open $GILD Nov 4th 68.5/73.5/78.5 iron butterfly for 3.05. Max risk $195. Breakevens approx +/-4%. Kept this to a 2-lot so I can’t lose over $400. Over last three years, Biggest UP move: 4.6%, Biggest DOWN move: -9.1%, Average move: 4.4%.
SPX put spread
SPX dec wk 2 1910/1885 put spread sold for $1.50 when Spx at 2111
FB puts sold
#Earnings #ShortStock Continuing my acquisition of short puts for earnings.
STO FB Nov 4th 123 put for 1.07
STO FB Nov 4th 120 put for .55
TAP earnings closed
#Earnings BTC $TAP Nov 4th 100 puts for .15. Sold yesterday for .85.
HLF, BABA earnings trades
#Earnings I put these orders in this morning and they filled while I was out:
STO $HLF Nov 4th 50 puts for .50. Biggest UP move: 20.5%, Biggest DOWN move: -20.8%, Average move: 9.9%. This trade is 15.3% OTM (with stock at 59.00).
STO $BABA Nov 4th 90/93/108/111 iron condor for .55. Biggest UP move: 7.5% , Biggest DOWN move: -8.8% , Average move: 5.3% . These strikes are both 7.5% OTM, with stock at 100.50.
Also trying to sell $EA 71 puts (neutral/bullish) and AGN 210/215 call spread (bearish 1:1 trade).
VIX call spread
Gradually adding to existing position…
Sold VIX DEC 21 2016 20.0/25.0 Bear call spread @ .80
TAP I think we can…
TAP
I think we can now open a Molson in celebration-Cheers Jeff
AAPL roll
Was short Dec 2nd 110/123 strangles. 123 calls almost worthless so taking them out and down a little.
Rolled Dec 2nd 123 calls to Dec 16th 120 calls @ .48 credit. Still holding the shorter term puts and still net long delta overall.
Closing some trades
Closing all my November trades early, fortunately for profits. This market just feels super heavy to me, VIX is up, and with the election things could go crazy (crazier) in a hurry. Still have two $SPX trades in December and will hold these for now unless it really gets nasty.
Also will be going out of country for Thanksgiving week and don’t want to have to watch or worry while gone.
Might still consider some short-term, earnings-type trades, but not holding anything else this month. Call me chicken if you will, but this chicken is gonna keep the eggs I have for now! 🙂
No trades!
Haven’t done a thing this week yet. Can’t find much to complain about. Watching WYNN and REGN earnings closely since I’ve got a couple positions there. Looking closely at VIX and UVXY call spreads into the election…leaving room to add if Trump wins.
Is someone talking this Friday,…
Is someone talking this Friday, SPX is in red and moving down
$UVXY nearing 50 dma, should…
$UVXY nearing 50 dma, should be a good short. In mid-Sept it bumped up against 50 dma, only to fall back. Only caveat is next Tuesday. Any thoughts?
SPX puts sold
#SPXcampaign Sold to Open $SPX Dec 2nd 1945/1920 put spreads for 1.45, with SPX at 2123.
IWM Sold Dec. 16 109/118/118/125…
IWM
Sold Dec. 16 109/118/118/125 iron fly for 5.10, followed Ryan at TT. He seems pretty reliable on these trades.
$BABA looking at an earnings…
$BABA looking at an earnings trade, average low 96 and average high of 107 after report were the results during the last 8 reports. STO strangle 95/110 with expiration 11/4.
NFLX weekly butterfly STO 125…
NFLX weekly butterfly STO 125 C/P BTO 122 P/128 C credit 2.10.
$AMGN #FallingKnife – under Brexit low. Getting Nov and Dec puts sold today
NUGT calls
Sold $NUGT Dec 9 24 calls @ .50
VIX rising
#Market Second day in row with an UP open on SPX with the VIX also opening higher. We’ve had five straight days of a rising VIX, back near its highs from Oct 13th.
Options Bistro 