Sorry for the long delay in updating the chart, but I fell behind. And excuse any mistakes that are in there… questions are welcome!
Daily Archives: Thursday, November 3, 2016
VXX followed from TT Dec….
VXX
followed from TT Dec. 16 20/30/46/56 with VXX around 38, for 2.29 credit
$SVXY
Sold to open Nov 25th 50 Put @ 1.05. Put this on and went to try and vote. Huge lines here in NC. Wife had to get to work so we shall try again tomorrow. Filled while we were out. SPX down to the 200dma. I just might wait until after the election to do anything else.
SPX rolls
#SPXcampaign Well, that was adventurous. Managed it 75% well, 25% terribly. Stopped out on the ATM spread with a horrible price, but did well with the rest.
Bought to close $SPX Nov 4th 2090/2065 put spreads for 8.10. Sold for 1.90 on Oct 25th.
Partially rolled to Nov 4th 2065/2040 put spreads, double-sized, for 1.475 (avg price)
Bought to close $SPX Nov 25th 1980/1955 put spreads for 3.25
Rolled to Dec 9th 1850/1875/2225/2250 iron condors for 2.15, 1.5x position size
$SVXY #ShortPuts #OptionLadder – Sold…
$SVXY #ShortPuts #OptionLadder – Sold SVXY Nov 11 2016 48.0 and 47.0 Puts both @ 0.55.
These expire in 6 trading days
Closed Nov 4th 2090/2065 for 8.10
Rolling some into Nov 4th 2065/2040, double position
FB short stock
#Earnings #ShortStock Covered another batch for 119.50. One batch left which I’m leaving for tomorrow.
SBUX I signed up for…
SBUX
I signed up for a couple months of free trades through TD from TradeWise, formerly Red Options or something. This is the first I’ve tried sold Nov. 4 52 put/52 call bought Nov. 18 52 put/52 call for a 66 debit. earnings tonight for Starbucks. Probably anyone with TD has been offered this 2 month trial.
CMG
All this market pain and CMG is flying high… only got one of two rolls in before this pop!
New VIX signal
#VIXIndicator just surpassed 100% above the Aug 9th low, which is the 5th signal in this correction.
SPX puts sold
#SPXcampaign Sold to Open $SPX Dec 2nd 1895/1870 put spreads for 1.40, with SPX at 2090. I am looking to stop and roll two spreads by the end of today. I believe chances for a bounce are good with the Job numbers tomorrow, but can’t risk it with borderline spreads.
$SVXY #ShortPuts #IRA – Sold…
$SVXY #ShortPuts #IRA – Sold SVXY Nov 25 2016 40.0 Puts @ 0.35 with the stock at 65.24
SVXY
STO November 25, 45 puts @0.55
STO December 2, 45 puts @0.80
STO December 9, 45 puts @1.05
$UVXY #ShortCalls #ClassicVXXGame – Sold…
$UVXY #ShortCalls #ClassicVXXGame – Sold 1 UVXY Jan 19 2018 60.0 Call @ 7.50 with the stock at 19.95
UVXY calls
#VXXGame STO UVXY Dec 16th 40 call for 1.56
STO UVXY March 17th 60 call for 2.75
I don’t play the Game as much as I used to, but certainly like to dabble when things get frothy.
$SVXY #ShortPuts #IRA – Sold…
$SVXY #ShortPuts #IRA – Sold SVXY Dec 2 2016 40.0 Puts @ 0.45 with the stock at 65.64.
Trying to build an #OptionLadder at the 40 Strike for all avail weeklys
$SVXY #ShortPuts #IRA – Sold…
$SVXY #ShortPuts #IRA – Sold 1 SVXY Mar 17 2017 37.0 Put @ 2.40 with the stock at 65.61
$SVXY #ShortPuts #IRA – Sold…
$SVXY #ShortPuts #IRA – Sold SVXY Dec 16 2016 40.0 Puts @ 0.80 with the stock at 65.98
Cash backed so no margin issues.
$UVXY #CoveredCalls #VXXGame – new…
$UVXY #CoveredCalls #VXXGame – new highest strikes trading today. Adding to my positions with the stock at 19.85
Sold 1 UVXY Dec 9 2016 30.5 Call @ 2.14
Sold 1 UVXY Dec 23 2015 30.5 Call @ 2.72
REGN earnings
#Earnings Slightly different approach here. REGN’s 1-day moves on earnings: Biggest UP move: 7.4%, Biggest DOWN move: -6.3%, Average move: 3.8%. But tomorrow’s expiring options only go down to 327.5. Looking at its 8-day moves: Biggest UP move: 9.5%, Biggest DOWN move: -4.5%, Average move: 2.8%.
The average is actually LOWER over time, as any big moves after earnings are usually corrected in the following week. The UP move is bigger, but that 9.5 move in Feb 2014 is an outlier… its next biggest 8-day move up is 3.9%.
So I went out a week for a strangle:
STO $REGN Nov 11th 310/372.5 strangle for 6.40. Strikes are -9.5% and 8.8% OTM respectively.
SVXY
STO November 18, 45 puts @0.45 cents
STO December 2, 45 puts @ 0.80 cents
$SVXY #ShortPuts #OptionLadder – Sold…
$SVXY #ShortPuts #OptionLadder – Sold SVXY Nov 11 2016 49.0 Puts @ 0.55 with the stock at 65.70.
These expire in 6 trading days
GNC put sold
GNC trading at multiyear low, good volume stock.
GNC dec 16 put 12.5 sold for 86 cents when GNC at 13.50
sold in IRA if assigned dividend about 6%
UUP Trying something new, playing…
UUP
Trying something new, playing a strengthening dollar, bought 10 Dec. 16, 26 calls at .07, sold a Dec 26 put for .89, UUP is at 25.15.
IBB roll
Rolled Nov monthly 265 put to Dec 9th 262.5 put @ even. Continuing to sell weekly calls against…
WYNN puts
Sold $WYNN Dec 16 80 puts @ 1.90
UNH strangles
New position for me. Stock ran up on earnings and now has fallen back into congestion…
Sold UNH DEC 9 2016 130.0/145.0 Strangles @ 2.33
$UVXY #CoveredCalls #VXXGame – new…
$UVXY #CoveredCalls #VXXGame – new highest strikes trading today
Sold 1 UVXY Dec 9 2016 30.5 Call @ 1.84
Sold 1 UVXY Dec 23 2015 30.5 Call @ 2.40 – new weekly cycle
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Nov 11 2016 50.0 Puts @ 0.55 with the stock at 66.92.
These expire in 6 trading days
SPX Yesterday followed from TT,…
SPX
Yesterday followed from TT, bought a Nov. 9 1950/1900 long put spread for .80, a little Armageddon insurance.
FB Sold my Nov 123…
FB
Sold my Nov 123 long put hedge, the call hedge is worthless, made .50 between the two, need some more FB recovery.
SPX calls sold
#SPXcampaign Sold to Open $SPX Nov 30th 2200/2225 call spreads for 1.30. This is the second call spread for my Dec 2nd lot. I used Wednesday options because the Friday expiration was already crowded with three spreads due to a roll last week.
REGN adjustment
Rolling down a little to take advantage of earnings (tomorrow) premium. Gives a little more downside protection against a 370 put.
Rolled REGN 370 call down (but not out) to 355 call @ 3.30 credit.
NFLX adjustment
Rolled this week’s 125 puts to next week’s 124’s @ .74 credit.
Lowering strike price and bringing in decent premium. Sold against some slightly ITM calls.
IBM strangles
This thing is just grinding sideways right in between my inverted strangle. Not making any adjustments here…just rolling the thing straight out another week for nice premium.
Rolled IBM 155/150 inverted strangles to next week’s 155/150 @ 2.42 credit.
EBAY
Bought to Close EBAY NOV 4 2016 29.0 Calls @ .04 (sold for .91)
Sold EBAY NOV 18 2016 29.0 Calls @ .35
BABA earnings closed
#Earnings BTC BABA Nov 4th 93 puts for .04. Sold as part of the 90/93/108/111 condor for .55 on Tuesday. Might as well get out cheap with BABA acting this poorly.
WYNN
Bought to Close WYNN NOV 4 2016 95.0 Calls @ .26 (sold for 2.80)
Sold WYNN NOV 11 2016 92.0 Calls @ 2.35
Still selling against ITM puts…nice weekly sales to reduce basis.
AMZN
Bought to Close AMZN NOV 4 2016 795.0 Call @ .28 (sold for 5.30)
Sold AMZN NOV 11 2016 785.0 Call @ 6.40
Selling against a Jan 2019 long position…(BuPS and long call)
SVXY
STO November 11, 50 put @.45 cents.
FB earnings
Out of my iron flies at even…nice recovery this morning. Fuzzy happy!
FB partial stock closed
#Earnings #ShortStock BTC $FB short stock for 121.40. Wish I’d watched overnight since it got as low as 116. I have short puts from 120-126, but willing to take long stock if my short position is covered.
Options Bistro 