#SPXcampaign #OptionsExpiration
–Expiring–
SPX Nov 9th 1990/1965 put spreads. Sold for 1.90 on Friday.
SPX Nov 9th 2025/2000 put spreads. Sold for 1.30 on Monday.
SPX Nov 9th 2100/2075 put spreads. Sold for 4.50 on Monday.
Daily Archives: Wednesday, November 9, 2016
Expired
$SPX 11/9 2200/2175 BECS STO 11/7 for 1.20 Jeff rocks
Closed DITM Spread
I was following Jeff with an intentional DITM SPX BuPS to learn how to manage fear. After the last 3 days it’s no longer as DITM, I saw some decent green, and I’m thinking MAYBE the market might pull back and I can get back in later to continue following his trade, so… BTC SPX 25nov16 2175/2150 BuPS @ 10.00, originally sold for 13.00 three weeks ago when SPX was a lot lower. Coulda got more, but hey I’m happy! Thanks Jeff.
Spx trade
I’m selling the nov 11 2170 put for 10.60 with the idea spx will continue to go up tomorrow. I have my stop set for 6.60 to close with 4.00 profit. I will close his trade tomorrow in all cases.
Closed Early
$SPX 11/11 1965/1990 BUPS @ 91% profit
After noticing the incredible drop in futures starting at 8 PM last night I never expected to get out for a profit on my $SPX BUPS. I know nothing. The market knows all.
Similarly, I though last night my BECS $SPX spreads were safe. Not so much. Palpitations anyone?
SPX call spreads stopped
#SPXcampaign Couldn’t get a break again, fourth day own a row I’ve been hit with ATM stops. This is all due to my aggressive selling of short-term, near-the-money spreads… these are NOT the usual SPX campaign trades.
Bought to close $SPX Nov 9th 2165 calls for 3.90. Sold as the 2165/2180 call spreads on Monday for 1.75.
Bought to close $SPX Nov 11th 2165/2190 call spreads for 9.35. Sold for 1.70 on Nov 4th.
Working on rolls for both. Plan to sell aggressive call spreads.
PRGO Earnings
#Earnings Sold to Open Nov 11th $PRGO 75/93 strangles for 1.40. Biggest UP move: 7.3%, Biggest DOWN move: -10.2%, Average move: 5.6%. These strikes are +10.2% and -11.1% OTM
#Iron Condor Completed by STO…
#Iron Condor
Completed by STO
$SPX 12/9 2260/2235 BECS @ 1.50
Earlier STO $SPX 12/9 1950/1975 BUPS @ 1.40
Adjusting TLT calls
Rolled $TLT Dec 16 136 calls down and out to Dec 23 130 calls for .75. These are sold against my in the money Dec 136 puts which have gotten hammered today.
Trades
$UVXY STO 11/11/18 call @ .4
$SPX 12/9/20161950/1975 BUPS @ 1.40
$UVXY BTC 12/16 55 calls @ .30 STO for 4.40 on 9/13
$SPX BTC 11/23/2016 1955/1980 BUPS @ .60 STO for 1.25 on 10/28
SPX spread trades
#SPXcampaign Earlier trades:
STO Dec 9 1975/1950 puts @ 1.40 with SPX @ 2131
STO Dec 9 2235/2260 calls @ 1.35 with SPX @ 2155
Whether you are red or blue, let it be known that the left coast is all “green,” yes, California approved recreational pot yesterday! So, one can safely travel the length of the coast enjoying every moment!
$CVS #CoveredCalls #OptionLadder – Sold…
$CVS #CoveredCalls #OptionLadder – Sold CVS Dec 23 2016 80.0 Calls @ 0.84 with the stock at 75.70.
Adding on to my position.
REGN adjustment
Aggressive adjustment on an in and up roll. If this run up holds I’ll book the big profit on this put much sooner.
Rolled Dec 9th 365 put in and up to Nov 18th 395 @ even. This is against an ITM call in same expiration. Hopefully, the put will expire and I can book it (sold for 17.90) and then roll the ITM call out to a new strangle. It’s hard to defend an 85 point move in 4 days but this might work if it holds above 400.
SVXY adjustment
Rolled this week’s 70 strike #CoveredCalls to next week’s 72’s @ .15 debit. A little late on this…probably could’ve gotten a credit earlier.
RUT On Oct 21 I…
RUT
On Oct 21 I followed a TT calendar sold a Nov. 18 1200 put and bought a Dec. 16 1200 put for an 11.23 debit and it immediately went under water, until today. I closed it and made $146. I have a lot to learn about the calendars. I closed mine before the TT people closed theirs, and I did better-luck is a good thing.
$CF #CoveredCalls – Sold CF…
$CF #CoveredCalls – Sold CF Nov 18 2016 27.0 Calls @ 0.12 with the stock at 24.99
EWW adjustment
Closing and re-selling the call side of 46/54 strangles. Still holding the Nov monthly 46 puts…
Bought to Close EWW NOV 18 2016 54.0 Calls @ .02
Sold EWW NOV 25 2016 50.0 Calls @ .65
TLT
Bought to Close TLT NOV 11 2016 131.0 Calls @ .06 (sold for .71)
Sold TLT NOV 18 2016 128.0 Calls @ .75
Selling every week against DITM puts…(similar to a covered call at this point)
WYNN
Bought to Close WYNN NOV 11 2016 92.0 Calls @ .07 (sold for 2.35)
Sold WYNN NOV 18 2016 89.0 Calls @ .90
Selling every week against DITM puts…(similar to a covered call at this point)
$UVXY
Premium drying up fast. Made 2 more small trades.
STO Nov 25 $27 calls @ $0.45
STO Nov 25 $28 calls @ $0.40
Unless premiums improve, I’m probably done with #VxxGame trades for today.
SPX put spread sold
#SPXcampaign Sold to Open $SPX Dec 9th 1975/1950 put spreads for 1.40,m with SPX at 2130. Back to my normal spread selling, as several extra spreads will be expiring today.
GLD adjustment
Rolled 121 calls out a week @ .30 credit selling against 122 puts.
AAPL
Bought to Close AAPL NOV 11 2016 112.0 Calls @ .11 (sold for 1.15)
Sold AAPL NOV 18 2016 109.0 Calls @ 1.32
Selling against Dec 2nd 110 puts…
$BMY #ShortPuts – Bought to…
$BMY #ShortPuts – Bought to close BMY NOV 11 2016 45.0 Puts @ 0.01. They can’t go any lower
$SOXL $LABU
Reduced position in $LABU stopped out at 38.75
$SOXL Opened new position @ 43.70
RGLD covered call
#CoveredCalls #Earnings #LongStock Glad to see this stock position recovering, after being assigned shares then watching it dip to mid 60’s.
STO $RGLD Nov 18th 82.5 covered call for .75
SPX puts closed
#SPXcampaign I went to bed thinking I’d be rolling under water put spreads…. instead my close orders are filling.
Bought to close $SPX Nov 11th 1980/1955 put spreads for .20. Sold for 1.30 on Oct 14th.
Bought to close $SPX Nov 17th 1960/1935 put spreads for .20. Sold for 1.50 on Oct 17th
$CVS #CoveredCalls #OptionLadder – Sold…
$CVS #CoveredCalls #OptionLadder – Sold CVS Dec 23 2016 80.0 Calls @ 0.67 with the stock at 74.47
Really Strange
That’s a weird open following Armageddon futures!
$UVXY #ShortCall #VXXGAme – sold…
$UVXY #ShortCalls #VXXGAme – sold only these this morning. A disappointing start. I wanted the VIX much higher.
Sold UVXY Dec 16 2016 55.0 Calls @ 0.60 with the stock at 15.46
Sold UVXY Dec 23 2016 35.0 Calls @ 1.20 with the stock at 15.87
$MYL @CoveredCalls – Sold MYL…
$MYL @CoveredCalls – Sold MYL Jan 20 2017 45.0 Calls @ 0.96 with the stock at 40.01
/VX VIX futures…book ’em!
Bought to Close Dec /VX @ 16.85 (sold for 17.32 average)
$UVXY
STO Nov 11 $24.5 calls @ $0.40
STO Nov 25 $35 calls @ $0.41
Looking for more opportunities
IBB REGN
Biotech pretty happy with a Trump win…LOL
Tactics?
I am thinking of closing all my $SPX BECS at opening.
Any thoughts?
/ES short call
Bought to Close /ES DEC 16 2140 CALL @ 18.50 (sold for 21.50)
#Futures /GC started post-market at…
#Futures
/GC started post-market at 1268.1 – topped out 1338.3 – now falling
/VX started post-market at 15.1 – topped out at 23.45 – now falling
/ES started post-market at 2152.50 – bottomed out at 2028.50 –
now recovering
Options Bistro 