USD/JPY Moves taking out more stops as The Yen Free Falls…
Daily Archives: Thursday, November 17, 2016
spx trade
same type of trade as rut
bto nov16 2185 call for 4.20
sto nov16 2185 put for 2.70
will close when target of 4.00 is hit
Rut Trade
sto nov16 1310 put for 3.10
bto nov 1310 call for 4.30 when this combo hits 4.00 profit tomorrow ill close it……..i hope
$SVXY #ShortCalls – late fills,…
$SVXY #ShortCalls – late fills, well after the market close –
Sold SVXY Dec 23 2016 90.0 Calls @ 1.90
Sold SVXY Dec 30 2016 90.0 Calls @ 2.50
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Nov 25 2016 83.5 Calls @ 0.75 – at the bell …
DUST call closed
#ContangoETFs BTC DUST Nov 18th 60 call for .25. Sold for 3.50 on Oct 4th. Not risking another big jump tomorrow.
$SVXY #CoveredCalls – getting several…
$SVXY #CoveredCalls – getting several orders off now with the stock running a bit
Sold SVXY Nov 25 2016 82.0 Calls @ 1.30
Sold SVXY Nov 25 2016 83.5 Calls @ 0.65
Sold SVXY Nov 25 2016 85.0 Calls @ 0.30
Only 3.5 trading days next week.
…. from the NYSE “Each market will close early at 1:00 p.m. (1:15 p.m. for eligible options) on Friday, November 25, 2016”
GDXJ
STO bear call spread, December 16, 35/39 calls for a credit of 1.05
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Dec 9 2016 85.0 Calls @ 1.90 with the stock at 80.63
DUST calls
#ContangoETFs Replacing some DUST calls I had to stop out of on Monday. Highest strikes:
STO DUST Dec 16th 90 calls for 1.30 (thanks @Ramie77)
STO DUST Jan 20th 80 call for 5.00
NFLX calls closed
DUST
rolled Dec. 16 55 call to Jan. 20 60 call for 1.50 credit-you DUST dealers have nerves of steel.
$Dust #ShortCalls – Sold DUST…
$DUST #ShortCalls – Sold DUST DEC 16 2016 90.0 Calls @ 1.30 with the stock at 53.97.
I have orders in for higher prices.
More DUST Dec calls
Sold $DUST Dec 16 90 calls @ 1.30. Highest strike.
FB
Rolled Nov. 18 125 covered call to Dec. 16 125 for a .67 credit. I was assigned 100 shares after earnings at 130, cost basis is about 123, have a couple Bups going as well.
GOOGL call
Getting out of the way here….looking a little too close for comfort. Afraid of capping the upside on my long call diagonal. Cost myself a fortune by not getting out of the way on the similar GS position. We’ll see where she is tomorrow before selling next week.
Bought to Close GOOGL NOV 18 2016 790.0 Call @ 1.95 (sold for 2.70)
Bought to close $SPX Dec…
Bought to close $SPX Dec 16th 2040 Short puts for 4.00 Sold for 9.09 on Nov. 10
Sold to open $SPX Dec 16th 2080 Short put for 6.20
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Nov 25 2016 83.5 Calls @ 0.55. It’s a holiday shortened trading week so theta decay should be quick and the strike is 2 points above the YTD high on the stock.
Newly Joined Jeff’s Terrific Site..My…
New Member – FibWizard
Newly Joined Jeff’s Terrific Site..My User ID signifies my trade and charting style..some of you may remember me from OMM, a few years ago..Like a few others on this Site, I sell SPX index options..and live off the decay, and trade via my TOS charting with a SPX daily/ES 5 minute chart. Cheers …
SPX calls sold
#SPXcampaign Sold to Open $SPX Dec 15th 2255/2280 call spreads for 1.30, with SPX at 2182.
The fear trade…. time to roll?
Back on October 13th I suggested an in-the-money put spread that some of you followed (original post here: https://optionsbistro.wordpress.com/2016/10/13/overcoming-fear/).
The trade was the Nov 25th 2175/2150 put spread for 14.00, when SPX was at 2123. Since that day, SPX got to a low of 2083 and a high of 2184 (today). So it is not ITM at the moment. This makes the decision on whether to roll a bit tough. With the current bullish trend, it is likely to expire worthless. But if we breakdown and go below 2175 again, the value of the spread will shoot up quickly against you.
So today you have three options:
1. Close the trade and take a nice profit.
2. Roll the trade into the following week for even or slight credit. You will be able to move your strikes 10 points lower, to the Dec 2nd 2165/2140 spread. This is basically what we’d be doing if we were still ITM (although not as easily). You can also choose to roll it to a further week at lower strikes.
3. Stick with the trade for more upside and a cheaper exit next week, or expire worthless.
I will probably be taking option 3, but watching closely through tomorrow. If this breakout fails, I will probably be rolling it before the weekend.
Questions welcome, and let us know what you do with the trade! #SPXcampaign #FearTrade #ITMrolling
BBY Thanks again Jeff for this earnings play.
Also, I’m getting messages from WordPress, that xyz liked my posts, but I don’t know how to access their comments. How do I do this? ;>) Thank you
SPX puts closed
#SPXcampaign
Bought to close $SPX Nov 23rd 2085/2060 put spreads for .10. Sold for 3.55 on Election Day.
Bought to close $SPX Dec 9th 1975/1950 put spreads for .20. Sold for 1.40 on Nov 9th.
SPX put spreads closed
#SPXcampaign BTC $SPX Dec 9 1975/1950 put spreads @ .20. STO Nov 9 @ 1.40
BBY
Jeff-you asked how I received .91 yesterday-just noticed it was a Dec. 2 expiration-sorry about that
BBY earnings
Out of super bulls with 1.19 credit (bought for .03)
Yikes! REGN drop $13. I…
Yikes! REGN drop $13. I have a put 365/360 Dec 16 bull put.
Options Bistro 