#OptionsExpiration for 11/4
Only 2 expirations this week and no assignments:
$DUST 11/04/2016 50.00 calls
$UVXY 11/04/2016 29.00 calls
Next week should be a wild one. Looking forward to witnessing how the market reacts to either outcome on Tuesday.
Have a great weekend everyone.
$SVXY #ShortPuts – Bought to close SVXY Weekly Nov 4 2016 64.5 Puts @ 0.05 to avoid possible assignment.
#OptionsExpiration #Weeklys #Nov4 – a big week in volatility options, as I sold SVXY Puts and UVXY Calls forward on the big move in the VIX.
A nice earnings trade in TAP also, plus more NUGT puts expired.
— Expirations —
AGN Weekly Nov 4 2016 195 Puts
NFLX Weekly Nov 4 2016 119 Puts (Covered)
NFLX Weekly Nov 4 2016 133 Calls
NUGT Weekly Nov 4 2016 10 Puts
NUGT Weekly Nov 4 2016 12.5 Puts
SVXY Weekly Nov 4 2016 57 Puts
SVXY Weekly Nov 4 2016 58 Puts
SVXY Weekly Nov 4 2016 59 Puts
SVXY Weekly Nov 4 2016 60 Puts
SVXY Weekly Nov 4 2016 61 Puts
SVXY Weekly Nov 4 2016 61.5 Puts
SVXY Weekly Nov 4 2016 62 Puts
SVXY Weekly Nov 4 2016 62.5 Puts
SVXY Weekly Nov 4 2016 63 Puts
SVXY Weekly Nov 4 2016 63.5 Puts
SVXY Weekly Nov 4 2016 64 Puts
SVXY Weekly Nov 4 2016 65 Calls (Covered)
SVXY Weekly Nov 4 2016 75 Calls (Covered)
SVXY Weekly Nov 4 2016 81.5 Calls (Covered)
TAP Weekly Nov 4 2016 94.5 Puts
UVXY Weekly Nov 4 2016 21 Calls (Covered)
UVXY Weekly Nov 4 2016 21.5 Calls (Covered)
UVXY Weekly Nov 4 2016 22 Calls (Covered)
UVXY Weekly Nov 4 2016 22.5 Calls (Covered)
UVXY Weekly Nov 4 2016 23 Calls (Covered)
UVXY Weekly Nov 4 2016 23.5 Calls
UVXY Weekly Nov 4 2016 24 Calls
UVXY Weekly Nov 4 2016 29 Calls
UVXY Weekly Nov 4 2016 35 Calls
— Assignments —
SVXY Weekly Nov 4 2016 65 Puts
Light week again this week, next week is setting up to be a big one. The next 2 weeks will be much bigger expirations.
$SVXY $62.50 puts
$TAP $94.50 puts
$UVXY $23 calls
$UVXY $30 calls
$UVXY $35 calls
$VXX $50 calls
$DUST $50 calls
$UVXY #CoveredCalls #Rollup #IRA –
Bought to close UVXY Nov 4 2016 21.0 Calls @ 0.03.
SOLD UVXY Nov 11 2016 25.5 Calls @ 1.70
I did this so I could sell these new options today, before the weekend strips the premium away.
#OptionsExpiration What a week!
–Expiring w/max profit–
$DUST 50 calls
$HLF 50 puts
$SPX 2065/2040 put spreads
–Expiring w/max loss–
$APA 57.5/60/62.5 iron butterfly
–Assignment–
$FB 122,123,124,125,126 puts – 100 short shares covered, 500 long shares assigned
So much for my prediction of a close around 2095 today. Closed the put side of today’s iron condor for a loss, but not the max loss. Sold another put spread for Monday 2060/2050 to recover some of the loss and will look to recover more Monday or Wednesday.
Whew, what a crazy market. Setting records for down days in a row is not to my liking, except there has to eventually be an up day, right? Right? Maybe? :0
Very close to breaking the 36-year record on SPX (9 straight days DOWN), and 27-year record on the VIX (9 straight days UP)… first time EVER on the VIX.
#Earnings BTC $FB Nov 4th 130 calls for 9.00. This is the #IronButterfly sold for 6.20 on Wednesday. Taking a loss.
BTC FB Nov 4th 121 puts for .10, to avoid assignment. Sold for .80.
I will still be assigned stock from puts at 122 through 126, as well as having my final bit of short stock covered.
$SVXY #ShortPuts – Sold SVXY Nov 11 2016 48.0 Puts @ 0.60 with the stock at 64.20. This expires next Friday.
$SVXY #ShortPuts – Sold SVXY Nov 11 2016 49.0 Puts @ 0.70 with the stock at 64.43. This is the NEW contract high and it expires next Friday
#SPXcampaign Sold to Open $SPX Nov 9th 2150/2175 call spreads for 2.15, with SPX at 2090. Creates a condor with the put spread I sold a few minutes ago. Three days to go and 160 points between shorts.
#SPXcampaign Sold to Open $SPX Nov 9th (Wednesday) 1990/1965 put spreads for 1.90.
Even if the worst possible election outcome happens, will the market tank to 1990 on Wednesday?
Did a sell program kick in right at 1:30 pm central time?
Nine days in a row down on SPX hasn’t happened in 36 years. Oversold; needed a bounce. This is why I sold call spreads earlier. Premium is still jacked up so you can get decent spreads for Monday expiration and even higher for Wednesday. Working on put spreads on intraday pullbacks. I believe a lot of money can be made in the next three days by selling volatility. But I’m being careful with expirations beyond Nov 9th.
#SPXcampaign Sold to Open $SPX Nov 7th (Monday) 2065/2040 put spreads for 1.45. Offsetting Nov 7th call spread I sold earlier.
$UVXY #ShortCalls #ClassicVXXGame – Bought to close 1 UVXY2 JAN 20 2017 170.0 Call @ 0.01.
Nothing more to make here and still 77 days until expiration. Sold on 6/14 at 1.00
This is the pre-split option.
$VIX – closed up yesterday for the eighth day in a row. It has never — in 27 years — been up nine days in a row.
Bill Luby
@VIXandMore
$SVXY #ShortPuts – Sold SVXY Nov 11 2016 49.0 Puts @ 0.60 with the stock at 65.70. This is the contract high and it expires next Friday.
#Earnings Looks like GILD may be dropping again, so starting to close the earnings trade.
BTC $GILD Nov 4th 73.5 put for .95. Sold as part of the 68.5/73.5/78.5 iron butterfly for 3.05 on Tuesday. Watching for another bounce to get rid of my other one.
$SVXY #ShortPuts – Sold SVXY Jun 16 2017 30.0 Puts @ 2.30 on the open with the stock at 64.88
#SPXcampaign Bought to close $SPX Nov 17th 2215/2240 call spreads for .20. Sold for 1.50 on Oct 20th.
STO $SPX Nov 4 2120/2110/2090/2080 for 1.05.
Is it safe? Not sure ANTHING is safe in this market, but it looks pretty probable to make money today with SPX hanging around the 2100 area.
#SPXcampaign I am selling some short-term call spreads today in the belief that the market remains weak, and even if we do recover these spreads are far enough OTM for their expiration dates.
Sold to Open $SPX Nov 7th 2120/2140 call spreads for 1.35, with SPX at 2096.
Sold to Open $SPX Nov 11th 2165/2190 call spreads for 1.70, with SPX at 2097.
Getting out of this #Earnings trade for most of max profit, guarding against a possible afternoon swoon that could take this thing back in the money.
Bought to close $FB Nov 4 120 puts @ .11. Sold for .67 on 11/2.
Following the TradeWise guidance on this rolled short Nov. 4, 52 put and call to Nov. 11 for a .48 credit (they said I’d get .80 but I was out running when it came in). They are paired with long Nov. 18, 52 put and call.
Rolled this week’s 130.5 calls to Nov 11th 131 calls @ .69 credit. Selling against longer term short puts.
Gotta leave shortly so playing it safe. REGN screaming higher so getting out of this week’s short call since next week’s has already been sold.
Bought to Close REGN NOV 4 2016 355.0 Call @ .95 (sold for 10.30)
Doesn’t bother me paying the .95 since this was an aggressive double roll down as REGN was falling.
This pullback has allowed me to get out of a poor trade. Originally sold SVXY #CoveredCalls in Dec and Jan WAY to early. I’ve now been able to close them at even and re-sell much closer in time to really crank up the theta.
Sold SVXY NOV 11 2016 70.0 Calls @ 2.50
#Market The Skew hit 141 yesterday, the highest since July 1st. It is typically a bearish sign when SKEW exceeds 135. However, it isn’t a very solid indicator. The July high was the highest since the indicator started, but it occurred AFTER the Brexit dip and before we hit new all-time highs.
The VIX is a better indicator, and it is up for the 9th straight day, even with SPX wavering around flat.
#CoveredCalls Rolled this week’s 12 calls out to Dec 9th 12.50’s @ .25 credit
Rolled this week’s 370 put to Dec 9th 365 put @ even. Still rolling while accumulating 17.90 premium so far. This is against shorter term calls.
Sold REGN NOV 11 2016 355.0 Call @ 2.50
This replaces today’s expiring 355 (sold for 10.30)
Had a fill last night. High IV giving nice premium on the call side too. Adding a little more downside protection at a level I wouldn’t mind shorting again. Selling against a short future/short put position.
SOLD /ES DEC 16 2140 CALL @ 21.50
October added 161,000 jobs.
August & September revised upward
Unemployment rate down to 4.9%
U6 rate down to 9.5%, lowest since 2008.
Wages up 0.4%
Labor force participation 62.8%
Pretty good news… will the Fed raise in December? Will it affect markets today up or down?
Options Bistro 