$SVXY #CoveredCalls – despite finishing 4 cents out of the money I got a partial assignment on my SVXY 81.5 Calls.
It’s all good. I acquired the stock at 65 just two weeks ago when some strike 65 puts ended just a few cents below 65 on a similar expiration day.
Monthly Archives: November 2016
rut trade
stc nov 16 1310 call for 5.64 made 1.34 profit, really lucked out
nov 16 1310 put expired worthless kept the 3.10
my spx trade was a bomb, I knew putting on the long call was a stretch and regretted doing it almost immediately. between the two trades I walked away with .14
Weekend
Have a great weekend all…
#optionsexpiration AAPL 125/130 BuCS This…
AAPL 125/130 BuCS This was part of an earnings hedge
CHK 8 covered calls
DDD 16 covered call
DUST 37 puts (thanks Iceman)
ENDP 13.5 put
NUGT 16 and 17 calls-sorry I forget who to thank, didn’t come up with those on my own but thanks
REGN 295/300 put spread (don’t ask about the call spread of the earnings iron condor)
SQ 13 covered call
TLT 138 call-remnant of an iron fly, early assigned on the long put
TWTR 18 put and 20 covered calls
#OptionsExpiration for Nov 18 Expiring:…
#OptionsExpiration for Nov 18
Expiring:
$AAPL 11/18/2016 120.00 calls (covered)
$AMZN 11/18/2016 700.00 puts
$CAT 11/18/2016 77.50 puts (covered)
$CMG 11/18/2016 350.00 puts
$DUST 11/18/2016 55.00 calls
$DUST 11/18/2016 60.00 calls
$DUST 11/18/2016 70.00 calls
$FIT 11/18/2016 15.00 calls (covered)
$HAIN 11/18/2016 60.00 calls (covered)
$NFLX 11/18/2016 130.00 calls
$NFLX 11/18/2016 135.00 calls
$NUGT 11/18/2016 30.00 calls
$SPY 11/18/2016 226.00 calls
$SVXY 11/18/2016 50.00 puts
$SVXY 11/18/2016 65.00 puts
$TWTR 11/18/2016 19.00 calls (covered)
$TWTR 11/18/2016 26.00 calls (covered)
$UVXY 11/18/2016 41.00 calls
Assignments—going long stock
$CEMP 11/18/2016 15.00 puts
$DPLO 11/18/2016 22.50 puts
Assignments—stock being called away
$APA 11/18/2016 61.00 calls
$WLL 11/18/2016 9.00 calls
Options Expiration 11/18/16
#OptionsExpiration #Earnings #ContangoETFs #ShortStrangles #ShortPuts #ShortCalls #CoveredCalls #VXXGame
— Expiring —
BBY 38 and 38.5 puts
DUST 55 call
DUST 35 puts
LOW 65/72 strangles
RGLD 82.5 covered call
UVXY 45 call
— Assignment —
DUST 50 call, taking short stock (only because I forgot to roll)
#OptionsExpiration #Monthly #Nov18 – Monthly…
#OptionsExpiration #Monthlys #Nov18 – Monthly expirations are always big. #FallingKnife positions put on months ago are expiring. Volatility trades were big this week with $SVXY setting a marginal new YTD high today.
Several Covered Calls also expired.
Only one assignment this week in $CVS
— Expirations —
AAL Nov 18 2016 22 Puts
AAPL Nov 18 2016 102 Puts
ABC Nov 18 2016 60 Puts
AGN Nov 18 2016 180 Puts
AGN Nov 18 2016 185 Puts
ABMD Nov 18 2016 90 Puts
AMGN Nov 18 2016 130 Puts
AMGN Nov 18 2016 135 Puts
CF Nov 18 2016 20 Puts
CF Nov 18 2016 22.5 Puts
CF Nov 18 2016 30 Calls (Covered)
CF Nov 18 2016 35 Calls (Covered)
CLDX Nov 18 2016 4 Puts
CLX Nov 18 2016 110 Puts
DG Nov 18 2016 60 Puts
DUST Nov 18 2016 37 Puts
DUST Nov 18 2016 70 Calls
DVA Nov 18 2016 50 Puts
GILD Nov 18 2016 65 Puts
KORS Nov 18 2016 30 Puts
MCO Nov 18 2016 105 Calls (Covered)
MYL Nov 18 2016 40 Calls (Covered)
MYL Nov 18 2016 42.5 Calls (Covered)
NUGT Nov 18 2016 11 Calls (Covered)
NUGT Nov 18 2016 7.5 Puts
SRCL Nov 18 2016 60 Puts
SRCL Nov 18 2016 65 Puts
SVXY Nov 18 2016 40 Puts
SVXY Nov 18 2016 45 Puts
SVXY Nov 18 2016 50 Puts
SVXY Nov 18 2016 65 Puts
SVXY Nov 18 2016 81.5 Calls (Covered) – this one is close …
SVXY Nov 18 2016 82 Calls (Covered)
SVXY Nov 18 2016 82.5 Calls (Covered)
SVXY Nov 18 2016 83 Calls (Covered)
SVXY Nov 18 2016 83.5 Calls (Covered)
SVXY Nov 18 2016 84 Calls
SVXY Nov 18 2016 84.5 Calls
SVXY Nov 18 2016 85 Calls
SVXY Nov 18 2016 90 Calls
TWTR Nov 18 2016 16.5 Puts
TWTR Nov 18 2016 19 Calls (Covered)
UA Nov 18 2016 30 Puts
UVXY Nov 18 2016 23 Calls (Covered)
UVXY Nov 18 2016 23.5 Calls (Covered)
UVXY Nov 18 2016 24 Calls (Covered)
UVXY Nov 18 2016 25 Calls (Covered)
UVXY Nov 18 2016 26 Calls (Covered)
UVXY Nov 18 2016 27 Calls
UVXY Nov 18 2016 28 Calls
UVXY Nov 18 2016 30 Calls
UVXY Nov 18 2016 31 Calls
UVXY Nov 18 2016 32 Calls
UVXY Nov 18 2016 33 Calls
UVXY Nov 18 2016 35 Calls
UVXY Nov 18 2016 37 Calls
UVXY Nov 18 2016 38 Calls
UVXY Nov 18 2016 39 Calls
UVXY Nov 18 2016 40 Calls
UVXY Nov 18 2016 41 Calls
UVXY Nov 18 2016 42 Calls
UVXY Nov 18 2016 45 Calls
WFM Nov 18 2016 28 Puts
— Assignments —
CVS Nov 18 2016 78 Puts
REGN roll
#Earnings #ShortStrangles
BTC $REGN Nov 18th 400 put for 2.50
STO $REGN Nov 25th 390 put for 3.80
OptionsExpiration 11/18/16
$SVXY $50 puts
$SVXY $61.50 puts
$SVXY $85 calls
$UVXY $22 calls
$UVXY $25 calls
$UVXY $28 calls
$UVXY $30 calls
$UVXY $32 calls
$UVXY $45 calls
$VXX $40 calls
$VXX $43 calls
Pretty good expiration. Unfortunately it’s going to be hard to replace these until we get some volatility. In a couple more weeks, I’ll be almost out of open positions again.
Have a great weekend everyone.
Expiration
I let a few go all the way to the finish line this week…
EBAY 29 Calls (sold for .35)
EWW 44 Calls (sold for 1.57)
GLD 116 Calls (sold for 3.35)
TLT 122 Calls (sold for 1.35)
SPX puts closed
#SPXcampaign Bought to close $SPX Nov 23rd 2215/2240 call spreads for .20. Sold for 1.30 on Oct 26th.
I’ll Take the Other side…SPX
STO Dec 16 2210/2260 Call Credit Spread
$SVXY
Sold to open Dec 16th 85 Call against long stock.
A Long Position on the SPX…
BTO Dec 9th SPX 2225 Calls for $4.10.
I believe that the market is quite bullish and still has enough left in the tank to move above the ATH. I don’t think that it will reach 2225 but who knows.
I see a squeeze forming on the weekly and monthly charts on the SPX and that could mean a quick and fast move up, similarly to what happened in the RUT and the DJI last week.
I’ll keep the position until the Theta decay eats away 50% of the original price. Besides I’ve got several BuPS and BeCS which are paying for this position.
AMZN call
Since this is in an #IRA I can’t sell the new one until closing the old one. So, to take advantage of the weekend:
Bought AMZN NOV 18 2016 765.0 Call @ .16 (sold for 2.50)
Sold AMZN NOV 25 2016 777.5 Call @ 3.43
SVXY put
Bought to Close SVXY DEC 16 2016 40.0 Put @ .10 (sold for 2.25)
Bought to Close SVXY DEC 16 2016 45.0 Put @ .15 (sold for 2.50)
Freeing up some room in the #IRA for next selloff….
$CVS #ShortPuts #Rollout – Bought…
$CVS #ShortPuts #Rollout – Bought to close CVS Nov 18 2016 75 Puts/Sold CVS Dec 2 2019 74 Puts @ 0.30 Credit to avoid assignment today.
$SVXY
Replacing a few of my puts expiring today.
STO Dec 2 $70 puts @ $0.60
SVXY
I am getting filled a month early.
BTC December 16, 33 puts @ 0.05, sold @3.10
SVXY
BTC December 16, 32 puts @ 0.05, these were sold on the Brexit plunge @2.10
GOOGL
Sold GOOGL NOV 25 2016 795.0 Call @ 2.25
Selling against a Jan 2019 position…
Rolling UA
Rolled $UA Nov 18 35 puts out to Jan 20 35 puts for .75 credit.
EWW
Sold to Open $EWW Jan 2017 41.0 put @ 1.26 followed TT Ben with one eye on fuzzballl’s portfolio…tnx.
EBAY
#CoveredCalls Replacing this week’s expiration…
Sold EBAY DEC 16 2016 29.0 Calls @ .52
EWW
Replacing this week’s expiration…
Sold EWW NOV 25 2016 44.0 Calls @ .40
DUST
Starting a Jan position…
Sold DUST JAN 20 2017 75.0/85.0 Bear call spread @ 1.60
GLD
Replacing today’s expiration…
Sold GLD NOV 25 2016 115.5 Calls @ .76
$SVXY #ShortCalls #RollUp – I’m…
$SVXY #ShortCalls #RollUp – I’m splitting up a currently profitable short position into two new positions.
Bought to close SVXY Nov 18 2016 79 Calls/Sold SVXY Dec 9 2019 82 Calls @ 1.00 Credit
Bought to close SVXY Nov 18 2016 79 Calls/Sold SVXY Dec 16 2019 83 Calls @ 1.55 Credit
The Strike 79 Calls I covered were sold at 4.52, so a nice profit on those.
$DUST #ShortCalls – Sold DUST…
$DUST #ShortCalls – Sold DUST DEC 16 2016 90.0 Calls @ 1.55. Highest available strike price.
I have strike 70’s expiring today
$CF #CoveredCalls #RollOut – Bought…
$CF #CoveredCalls #RollOut – Bought to close CF Nov 18 2016 27 Calls/Sold CF Dec 2 2016 28 Calls for a 0.10 Credit
#VXXGame Wow, there is just…
#VXXGame
Wow, there is just no premium out there. $SVXY Puts aren’t worth much until you get pretty close to ATM and OTM calls provide very little premium. $UVXY calls are trading for pennies. I’m guessing that is not likely to change until we get to the Dec FOMC meeting and we see how the market reacts. I don’t think a rate increase will have much affect, since it is expected, the interesting thing will be the dot plot on the future increases. That’s what freaked everyone last year.
$SVXY #ShortCalls – Sold SVXY…
$SVXY #ShortCalls – Sold SVXY DEC 30 2016 90.0 Calls @ 2.60.
MCK rollout
Rolled $MCK Nov 18 145 puts down and out to Jan 20 140 puts for 1.40 credit with the stock at 140.33. Getting some more time and more room.
Closing CRI
Bought to close $CRI Dec 16 80 puts @ .20. Sold for 1.35 on 9/27.
SPX puts sold
#SPXcampaign Sold to open $SPX Dec 15th 2065/2040 put spreads for 1.40, with SPX at 2186.
$NUGT #ShortPuts #RollOut – rolled…
$NUGT #ShortPuts #RollOut – rolled a couple of positions out and down to avoid assignment today
Bought to close NUGT Nov 18 2016 9.5 Puts/Sold NUGT Dec 2 2016 9.0 Puts for a 0.16 Credit
Bought to close NUGT Nov 18 2016 9.0 Puts/Sold NUGT Dec 2 2016 8.5 Puts for a 0.30 Credit
Futures/Forex
USD/JPY Moves taking out more stops as The Yen Free Falls…
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.
Closed Early
$SPX 11/16 2210/2185 BECS @ .2 Sold on 11/2 for 1.25 (Close Call)
$FOSL 12/16/21 put @ .05 Sold on 9/15 for .80
Trade
$REGN STO 11/25 415 put @ 6.00
SVXY
BTC, After the close I was filled on my December 16, 31 puts @0.05, originally sold @2.40
These were sold on the Brexit decline
A TRADE:
$BBY BTO STOCK @40.50
$BBY STO 11/18/16 40.50 CALL @1.75
$BBY STO 11/18/16 38.0 PUT @.76 THANKS TO JEFF FOR EARNINGS PLAY.
EWZ puts
Sold EWZ JAN 20 2017 30.0 Puts @ 0.98
BBY earnings
#Earnings Sold to Open $BBY Nov 18th 38 puts for .84. Bullish trade. BBY was up 20% on last earnings; chart looks bullish. Last three years’ moves:
Aug. 23, 2016 BO 19.60%
May 24, 2016 BO -7.42%
Feb. 25, 2016 BO 2.44%
Nov. 19, 2015 BO -2.10%
Aug. 25, 2015 BO 12.57%
May 21, 2015 BO 3.93%
March 3, 2015 BO 1.42%
Nov. 20, 2014 BO 6.97%
Aug. 26, 2014 BO -6.84%
May 22, 2014 BO 3.43%
Feb. 27, 2014 BO -0.96%
Nov. 19, 2013 BO -10.97%
SVXY
BTC December 16, 30 puts @0.05, theses were sold @1.70
REGN put
Closed a bunch of IBB yesterday so looking for some biotech exposure in the #IRA . Here’s a starter..hoping for a deeper pullback to add.
Sold REGN JAN 20 2017 350.0 Put @ 5.70
SVXY calls
#IRA #CoveredCalls Adding a point and a half and a dime credit…rolling out 2 weeks.
Buy to Close SVXY NOV 18 2016 72.0 Calls @ 6.60
Sell to Open SVXY DEC 2 2016 73.5 Calls @ 6.70
VIX call spreads
#IRA Nov 20/25 bear call spreads expired today (sold for .90 average)…first time I’ve used these but selling spreads on any small pop seems like a good bet.
$NUGT STC Nov 18 $70…
$NUGT STC Nov 18 $70 call for 0.10, sold Nov 11 for $1.70. I think DUST will continue falling from its 62 peak, anyone else watching this one? I have a few more tranches Nov 25, Dec 9 and Dec 16 all at 50 strike, so it is high maintenance.
SPX roll
#SPXcampaign #ReverseRoll
Sold to Open $SPX Dec 2nd 2100/2075 put spreads for 1.45. This is another roll for the Nov 17th call spreads I had to close yesterday.
SPX trades
#SPXcampaign Sold to Open $SPX Dec 15th 2035/2010 put spreads for 1.30, with SPX at 2175.
Bought to close $SPX Nov 25th 2180/2205 call spreads for 7.80. Sold for 9.50 on Nov 9th as a roll. Profit in this one, but because it was a roll I will need to roll it again. I will look to do so later today.
Options Bistro 