$AMGN #ShortPuts #FallingKnife – Bought to close AMGN Nov 18 2016 130.0 Puts @ 0.01. They won’t trade any lower.
Originally sold at the end of October @ 0.73 and 0.82
Monthly Archives: November 2016
FB Followed from TT sold…
FB
Followed from TT sold Jan 16 115/110 put spread for 1.15
$SVXY #CoveredCalls – getting some…
$SVXY #CoveredCalls – getting some fills after hours –
Sold SVXY Nov 18 2016 81.5 Calls @ 0.60 – these expire in 3 days with the strike at the YTD high
Sold SVXY Dec 23 2016 95.0 Calls @ 0.80
$NUGT #CoveredCalls – Even though…
$NUGT #CoveredCalls – Even though the stock is higher than yesterday, I couldn’t get the same premium out of these calls.
Sold NUGT NOV 18 2016 11.0 Calls @ 0.15 against stock acquired on Friday at 11 on a Put assignment
Trade
$SPX STO 12/2 2255/2230 BECS @ 1.40
Closed Early
$SPX 12/2 1920/1955 BUPS @ .1 Sold 11/1 @ 1.45
STO Nov 25 SPX 2210/2235…
STO Nov 25 SPX 2210/2235 BeCS for $1.25
$SVXY #CoveredCalls #OptionLadder – I’ve…
$SVXY #CoveredCalls #OptionLadder – I’ve been selling all day against my stock acquired 6 days ago at 65. I don’t care if it’s called away. Remember the 1st rule of selling options.
Sold SVXY Nov 25 2016 82.0 Calls @ 1.15 with the stock at 78.72
Sold SVXY Dec 02 2016 85.0 Calls @ 1.05 with the stock at 78.86
Sold SVXY Dec 09 2016 85.0 Calls @ 1.85 with the stock at 78.86
Sold SVXY Dec 23 2016 85.0 Calls @ 3.50 with the stock at 79.14
Sold SVXY Dec 23 2016 90.0 Calls @ 1.75 with the stock at 78.94
Sold SVXY Dec 23 2016 85.0 Calls @ 4.00 with the stock at 78.88
Sold SVXY Dec 30 2016 90.0 Calls @ 2.15 with the stock at 78.65
You may be able to get higher prices now.
And…..another all time low in UVXY
Now trading under 12.50
GOOGL 2019 trade
The long term “Whiz” trade on GS worked so nicely, (would’ve been much better with a gradual increase!) I’m adding another one on GOOGL. Placed similar trade on AMZN after the earnings drop… #IRA
Bought to Open GOOGL JAN 18 2019 650.0 Call @ 195.00
Sold GOOGL JAN 18 2019 500.0/400.0 Bull put spread @ 12.00
And every week for the next 113 weeks (unless it’s screaming higher):
Sold GOOGL NOV 18 2016 790.0 Call @ 2.70
$DUST roll DUST Nov 25…
$DUST roll DUST Nov 25 $55 calls to Dec 16 $50 calls for $5.50 credit
$DUST bought to cover stock…
$DUST bought to cover stock called away Friday for $50, 49.75. Small gain on stock as well as options sold. I missed the drop below 50 yesterday and just set price before lunch break.
More puts closed…
#SPXcampaign Bought to close $SPX Dec 9th 1875/1850 put spreads for .10. Sold as part of a #CondorRoll for 2.10 on Nov 3rd.
Breakout?
#VIXIndicator #Market If we close today at current VIX levels the Downside Warning will be canceled and we could be on our way to new highs. We had a spike up like this last Thursday too, but then it failed… two hours left…
SOME TRADES:
JNUG BTO STOCK @8.00
JNUG STO 8.0 CALLS @.61 A Buy/Write
JNUG BTO STOCK @7.85
JNUG STO 8.00 CALLS @.46
JNUG STO 9.00 CALLS @.55 Covered
UVXY BTC UVXY 18.0 CALLS @.05
FSLR STO 11/18/16 31.5 PUTS @.80 Thanks to @optionshane for this idea. I couldn’t really trade my UVXY, as it’s behaving poorly. Again Thank You. HONK HONK
$SXVY BTC Dec 16 50…
$SXVY BTC Dec 16 50 puts @ .55 STO Oct 9 @ 2.87 taking 80%, my target at 31 DTE.
#SPXcampaign STO $SPX Dec 16 2245/2270 put spreads @ 1.50 Edit: SPX @ 2170
$UVXY headed for new all…
$UVXY headed for new all time low.
SPX puts closed
#SPXcampaign Bought to close $SPX Dec 2nd 1925/1900 put spreads for .10. Sold as part of a #CondorRoll for 2.10 on Oct 28th.
Trades
Sold
$NUGT 11/18 9.50 call @ .40 (covered)
$TWLO 11/18 33 put @ .95
$NFLX 12/16 95/105 BUPS @ 1.00
$GOOG 12/16 Iron Condor 695/705/825/815 @ 1.60
Buy
$JD 11/25 $27 Straddle @ 1.25 (Earnings play)
FSLR Puts #IRA
STO FSLR Nov 18 2016 32.5 put @ 1.05. I’m willing to have the stock assigned to me and start selling covered calls.
$UPRO STO BeCS Dec 16…
$UPRO STO BeCS Dec 16 75/81 calls for $1.93 credit. Market is looking toppy.
IBB puts
Following Ramie from yesterday. Looks like it’s rolling over at resistance with plenty of time to sell some of these again.
Bought to Close IBB Nov 18 2016 270 put @ .20 (sold for 6.50)
Bought to Close IBB Dec 16 2016 260 put @ 2.00 (sold for 6.40)
Bought to Close IBB Jan 20 2017 250 put @ 3.10 (sold for 6.60)
TLT I was sold 100…
TLT
I was sold 100 shares of TLT against my will at 138 from an iron fly. After selling the long put and accounting for everything else, my cost basis is 127.90. TLT is at 122.
$SWN #CoveredCalls – Sold SWN…
$SWN #CoveredCalls – Sold SWN JAN 20 2017 14.0 Calls @ 0.37
$AAPL #ShortPuts – these filled…
$AAPL #ShortPuts – these filled late yesterday so I missed posting them
Sold AAPL Nov 18 2016 102.0 Puts @ 0.58
Sold AAPL Nov 25 2016 100.0 Puts @ 0.68
CVS puts
Sold CVS JAN 20 2017 70.0 Puts @ 1.45
REGN put
#Earnings #ShortStrangles STO $REGN Nov 25th 420 put for 5.00. Selling against my woefully ITM short call.
LOW trade
#Earnings STO $LOW Nov 18th 65/72 strangle for 1.03. Biggest UP move: 6.4%, Biggest DOWN move: -6.2%, Average move: 3.1%. These strikes are each 5.1% OTM.
SPX puts closed
#SPXcampaign Bought to close $SPX Nov 25th 2025/2000 put spreads for .20. Sold for 2.05 on Election Day.
Time for tech to bounce?
Time for tech to bounce?
Trades
$SPX STO 12/16 2275/2250 BECS @ 1.70
$MS STO 12/16 39 put @ 1.20
Closed Early
$SPX 11/18 2250/2225 BECS @ 88% profit.
EWW puts
Sold EWW JAN 20 2017 38.0 Puts @ 0.80
$SVXY
I have been selling puts against SVXY ala Iceman for a few years now learning from the Master while making all the stupid mistakes I can come up with. In keeping with that trend, I’ve come up with a new one. Those low strike Put entries have been great for obtaining long stock to be covered by calls. My general parameters for short Puts has been a three week holding period with premium being around 2% of the strike while taking the rare assignment. Over time it appears to me that covered calls have greater potential returns due to premiums coupled with gains when the assigned stock is sold. With the market at near record highs the low Put strikes with sufficient premium are more of a long term memory as I wait for the next split or a whooshing pull back.
I am managing a small account that has level 1 trading, covered calls only. Without the permission to sell Puts I’m challenged with doing income trades via covered calls against equities. So I want to explore the possibility of using SVXY for income trades in this account. In my personal account I have elected to put on a covered call that expires this Friday, Nov 18th to work through the entry and stop management mechanics before deploying this into the other account.
This morning :
Bought stock @ 75.41 and sold a Nov 18th 75.5 call for 2.30 when the stock pushed back above VWAP the second time. This yielded a basis of 73.25 and a potential gain of +/-2.8% for the week if assigned @ 75.50. I set a position stop at mark 70.00 with a limit to close at 70.10. If the position is closed it would result in a loss of around $340 or approximately 4.5% of the net debit to enter the trade. My entry was not well timed, being a few minutes early of the morning drop. Had I waited I might not have put the trade on but definitely would have picked a lower strike if I had. Will this prove to be a better method for an account that that cannot sell puts and does not involve the issues associated with individual equities earnings, and analysts opinions?
Comments appreciated especially if I have missed something.
FB sold Dec 16 110/100…
FB
sold Dec 16 110/100 put spread for 1.40
Closing IBB
Bought to close $IBB Dec 16 250 put @ 1.00. Sold for 4.64 on 10/11. Taking my 80% max profit off the table before anything crazy happens. I am now completely out of IBB. Will look for a new entry when it presents itself.
SPX puts closed
#SPXcampaign Bought to close $SPX Dec 2nd 1945/1920 put spreads for .20. Sold for 1.45 on Nov 1st.
DUST puts
#ContangoETFs Followed @optioniceman‘s idea…
STO DUST Nov 18th 35 puts for .25
STO DUST Nov 25th 35 puts for .60
FB puts
Sold $FB Dec 30 (weekly) 105 puts @ 1.60. Delta 21.
$NUGT #CoveredCalls – Sold NUGT…
$NUGT #CoveredCalls – Sold NUGT NOV 18 2016 11.0 Calls @ 0.20 against stock acquired on Friday at 10.50 on a Put assignment
$SVXY
STO Dec 9 $50 puts @ $0.40
$VXX $SVXY
Replacing a few of the positions that expired on friday
STO $SVXY Nov 25 $60 puts @ $0.40
STO $VXX Nov 25 $40 calls @ $0.25
STO $VXX Dec 2 $44 calls @ $0.25
#FANG – getting crushed -…
#FANG – getting crushed – all down over 2%
$FB
$AMZN
$NFLX
$GOOGL
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Nov 18 2016 65.0 Puts @ 0.45. This account is still short some SVXY Calls for this week at 79 but no longer is long any stock. It was called away Friday at 75 plus a big fat premium.
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts – Sold DUST Nov 18 2016 37.0 Puts @ 0.25. I did quite a few of these and they expire Friday
DAL stock sold
#Earnings Sold to Close $DAL stock for 47.00. Originally assigned at 47.00 back in April. The remnant of a larger earnings trade that sat like a lump in my account as DAL dipped as low as 32.60. In the end, the trade wound up with a $64 profit. Too long for too little!
DUST out of my control
#ContangoETFs Got too heavy in short calls on DUST, and now with the relentless plunge of Gold I cannot continue to roll at this time. I am closing a few ITM or ATM calls with losses this morning. I will have to work to build back the losses at a later date when my margin issues relax.
I’m getting hit simultaneously with positins in FB and NFLX being overdone to the downside, while my SPX spreads are being pressured to the upside. All manageable now, but until more time passes and/or tech starts its rebound, I’ll have to take my lumps on these naked DUST calls until I have the powder to re-enter.
NFLX roll
#Earnings #StrangleRoll After getting stretched to the upside, it is now the put side of tech trades in trouble. Clearly overdone move, in my view; and overreaction to Trump’s past comments about AMZN, FB, AAPL, etc.
BTC NFLX Dec 15th 115 put for 6.60 (sold for 2.10 avg, still have another)
STO NFLX March 90/135 strangle for 6.86
SPX calls sold
#SPXcampaign Sold to Open $SPX Dec 15th 2250/2275 call spreads for 2160, with SPX at 2168.
SVXY
BTC November 18, 50 puts @0.05,
Good Morning – what to…
Good Morning – what to do about DUST Dec 2 sold 70 call? Any advice is welcomed! Thanks!
Expiration
$CMG 360 put
$SVXY 59 put
$PRGO 75/93 Straddle Thanks Jeff for inspiration
$UVXY calls Iceman special
Assigned
$NUGT 11 puts (If gold does not go up with anarchy in streets, it never will)
Total Loss
$FB 124/129 BUPS
What a place to hang out. Exhausted but better educated and even some smiles.
PS To all of us Veterans – Thanks so very much. And Jeff, love the flag.
#options expiration Usually close things…
#OptionsExpiration $SVXY Nov 11 50,…
$SVXY Nov 11 50, 59 puts
$SPX Nov 11 1990/1965 put spreads
Have a great weekend everyone!
#OptionsExpiration
$SVXY Expiring
Nov 11th 77 Calls
Nov 11th 80 Calls
Nov 11th 55 Puts
New SVXY position
Sold to open Dec 16th 80 Call @ 4.00 with the stock at 75.10.
Have a great weekend all.
Options Expiration 11/11/16
–Expiring–
JAZZ 95/115 strangles
NFLX 135 call
PRGO 93 calls
REGN 310 and 410 puts
SPX 1925/1900 put spreads
SVXY 55/85 strangles
–Assigned–
NFLX 122 put, taking some stock
DIS earning closed with small loss
#Earnings BTC $DIS Nov 11th 95 calls for 2.75. Sold yesterday in the 92/95/98 IB for 2.02.
#OptionsExpiration #Weeklys #Nov11 – probably…
#OptionsExpiration #Weeklys #Nov11 – probably the biggest weekly expiration I have ever had.
Since I picked up additional $SVXY at 65 last week, I was very aggressive selling SVXY calls from 76 to 81. They all expired.
$NFLX covered puts got assigned taking me out of the stock I shorted at 123 after earnings. #FallingKnife trades in $AGN AMGN $BMY (all health care related) and $UA worked as well.
$NUGT caught up with my short put speculations but the stock is volatile and covered calls will be easy to sell.
— Expirations —
AGN (Weekly) Nov 11 2016 185 Puts
AMGN (Weekly) Nov 11 2016 135 Puts
BMY (Weekly) Nov 11 2016 45 Puts
NUGT (Weekly) Nov 11 2016 16 Calls (Covered)
SVXY (Weekly) Nov 11 2016 47 Puts
SVXY (Weekly) Nov 11 2016 48 Puts
SVXY (Weekly) Nov 11 2016 49 Puts
SVXY (Weekly) Nov 11 2016 50 Puts
SVXY (Weekly) Nov 11 2016 51 Puts
SVXY (Weekly) Nov 11 2016 52 Puts
SVXY (Weekly) Nov 11 2016 55 Puts
SVXY (Weekly) Nov 11 2016 59 Puts
SVXY (Weekly) Nov 11 2016 76 Calls (Covered)
SVXY (Weekly) Nov 11 2016 77 Calls (Covered)
SVXY (Weekly) Nov 11 2016 78 Calls (Covered)
SVXY (Weekly) Nov 11 2016 79 Calls (Covered)
SVXY (Weekly) Nov 11 2016 80 Calls
SVXY (Weekly) Nov 11 2016 81 Calls
SVXY (Weekly) Nov 11 2016 85 Calls
SVXY (Weekly) Nov 11 2016 90 Calls
UA (Weekly) Nov 11 2016 30 Puts
UVXY (Weekly) Nov 11 2016 25.5 Calls (Covered)
UVXY (Weekly) Nov 11 2016 26 Calls (Covered)
UVXY (Weekly) Nov 11 2016 27 Calls (Covered)
UVXY (Weekly) Nov 11 2016 28 Calls (Covered)
UVXY (Weekly) Nov 11 2016 29 Calls (Covered)
UVXY (Weekly) Nov 11 2016 30 Calls
UVXY (Weekly) Nov 11 2016 31 Calls
UVXY (Weekly) Nov 11 2016 32 Calls
UVXY (Weekly) Nov 11 2016 33 Calls
UVXY (Weekly) Nov 11 2016 35 Calls
UVXY (Weekly) Nov 11 2016 37 Calls
UVXY (Weekly) Nov 11 2016 38 Calls
UVXY (Weekly) Nov 11 2016 39 Calls
UVXY (Weekly) Nov 11 2016 40 Calls
— Assignments —
NFLX (Weekly) Nov 11 2016 119 Puts (Covered) – covering my short stock
NUGT (Weekly) Nov 11 2016 10.5 Puts
NUGT (Weekly) Nov 11 2016 11 Puts
NUGT (Weekly) Nov 11 2016 13.5 Puts
SVXY (Weekly) Nov 11 2016 73 Calls (Covered) – stock bought 5 days ago at 65
SVXY (Weekly) Nov 11 2016 74 Calls (Covered) – profit for a long term stock holding
SVXY (Weekly) Nov 11 2016 75 Calls (Covered) – profit for a long term stock holding
#OptionsExpiration for Nov 11 $NUGT…
#OptionsExpiration for Nov 11
$NUGT 11/11/2016 16.00 calls
$SVXY 11/11/2016 85.00 calls
$SVXY 11/11/2016 48.00 puts
$SVXY 11/11/2016 49.00 puts
$SVXY 11/11/2016 50.00 puts
$SVXY 11/11/2016 59.00 puts
$UVXY 11/11/2016 35.00 calls
What a week it was. At one point Tuesday night with Dow futures down 800, I thought we’d be selling premium Wednesday until our hands bled. But it wasn’t to be. Who can predict the markets? Who can predict anything?
Have a great weekend.
DUST calls closed
#ContangoETFs Started the day OTM but never looked back. I closed these rather than take the stock short. Will sell rolls next week.
BTC DUST Nov 11th 50 call for 6.40
BTC DUST Nov 11th 48 calls for 8.40
Options Expiration
Pretty big expiration week for me this week. Lots of contracts rolling off.
$DUST $60 calls
$SVXY $55 puts
$SVXY $60 puts
$SVXY $64 puts
$UVXY $22 calls
$UVXY $23 calls
$UVXY $24 calls
$UVXY $24.5o calls
$UVXY $25 calls
$UVXY $27 calls
$UVXY $30 calls
$UVXY $32 calls
$VXX $55 calls
Have a great weekend everyone.
SPX Weekly Chart…
$DUST #ShortCalls – Sold 1…
$DUST #ShortCalls – Sold 1 DUST Nov 18 2016 70.0 Call @ 1.85 with the stock at 56.58. This expires in 5 days.
AMZN
In the #IRA selling against a long term 2019 position…
Bought to Close AMZN NOV 11 2016 785.0 Call @ .01 (sold for 6.40)
Sold AMZN NOV 18 2016 765.0 Call @ 2.50
$DUST #ShortCalls – Sold 1…
$DUST #ShortCalls – Sold 1 DUST Dec 16 2016 70.0 Call @ 6.10 with the stock at 55.95
$SVXY #ShortPuts #ClassicVXXGame #IRA -…
$SVXY #ShortPuts #ClassicVXXGame #IRA – Bought to close 2 SVXY Jan 20 2017 20.0 Puts @ 0.05.
These can’t trade any lower and still have 70 days to run.
Sold both these on 1/15/16. One at 2.80 and a second at 3.40 later that day.
$DUST #ShortCall #Rollup – This…
$DUST #ShortCalls #Rollup – This was out of the money just two days ago but now I have to roll it –
Bought to close DUST Nov 11 2016 37 Calls / Sold DUST Dec 16 2016 40 Calls @ 0.05 Net credit.
Spx trade
Btc my 2175 calls for .50 sold yesterday for 6.10 nice gap down this am help push me past my stop.
$CF #CoveredCalls #Rollup – this…
$CF #CoveredCalls #Rollup – this one seems to have more in the tank.
Bought to close CF NOV 11 2016 27.0 Call / Sold CF NOV 25 2016 28.0 Call @ 0.29 Net Credit
$UVXY #ShortPuts – Bought to…
$UVXY #ShortPuts – Bought to close UVXY Nov 11 2016 13.0 Puts @ 0.01. I don’t trust this stock to stay up.
Sold at an average price of 0.57 earlier this week.
NVDA up 26+% hope someone…
NVDA up 26+% hope someone is cashing in!
More DUST rolls
#ContangoETFs #Rolling
BTC DUST Nov 18th 55 call for 4.40
STO DUST Dec 16th 70 call for 5.00
Also followed @Ramie77 STO DUST Nov 25th 70 call for 1.40
Jeff, I need to speak…
Jeff, I need to speak with you privately.
Please, join me in Skype;
prvtrader19
$SVXY
STO Nov 18 $61.5 puts @ $0.45
$SPX 12/9 1985/2010 BUPS @…
$SPX 12/9 1985/2010 BUPS @ 1.30
Closing NUGT
Starting to take off December positions.
Bought to close $NUGT Dec 16 21 calls @ .15. Sold for 3.95 on 8/30.
NUGT, DUST, Etc.
I think this is a reaction to the Stanley Drunkenmiller news that he sold all his gold positions on election night. Tim Knight covered his short positions on gold today. FWIW
Options Bistro 