#spxcampaign
One that made it all the way
$SPX 12/20 2190/2215 BUPS
Monthly Archives: December 2016
#spxcampaign Closed Early $SPX 1/13…
#spxcampaign
Closed Early
$SPX 1/13 2375/2340 BECS @86% profit
$SPX 1/13 2365/2340 BECS @ 88% profit
$AMZN 12/30 720/740 BUPS @ 55% profit (Squeezed out at end of day by $AMZN swoon. How will their warehouses stay in the air if the stock cannot? ;-})
#shortputs
$SVXY 1/13 75 put @ .70 Thanks again VXXKelly
All’s well that ends. I hope everyone’s time this year at Jeff’s Bistro has been rewarding, enjoyable and informative. May 2017 rock us all forward in our trading goals.
Much thanks to all and especially grateful to the Potentate of Portland for his dexterity and sharing.
Jeff – Magnificently done
Members – A wow to all your generosity in thoughts, ideas, knowledge and goodwill.
Happy New Year
Peace Prosperity and Good Health to all
OptionsExpiration
$SVXY $55 puts
$SVXY $60 puts
$SVXY $65 puts
$UVXY $22 calls
$UVXY $25 calls
$UVXY $26 calls
$VXX $30 calls
$VXX $36 calls
$VXX $47 calls
With this expiration, I have a very small number of remaining open positions/contracts.
Been a great week, basically took the entire week of from the market. Hope everyone has a safe new years and we’ll see you here on Tuesday.
#OptionsExpiration for Dec 30 All…
#OptionsExpiration for Dec 30
All of the following expired:
$DUST 12/30/2016 85.00 calls
$DUST 12/30/2016 60.00 calls
$UNH 12/30/2016 145.00 puts
$UVXY 12/30/2016 26.00 calls
$UVXY 12/30/2016 20.50 calls
$RUT 12/30/2016 1400.00 calls
No assignments this week.
Have a Happy New Year!
#OptionsExpiration #Weeklys #Dec30 – Getting…
#OptionsExpiration #Weeklys #Dec30 – Getting closer to cash on this last expiration cycle of 2016. With this expiration I’m selling ALL of my long SVXY position and replacing it with short SVXY Puts. I’ve been in this stock position from the mid-50s and the gain is long term.
We haven’t seen a correction since the election and I’m fairly confident we will see one pretty soon. But I’ve been wrong before.
Happy new year to everyone in the forums.
— Expirations —
ALXN (Weekly) Dec 20 2016 95 Puts
CF (Weekly) Dec 20 2016 35 Calls (Covered)
CVS (Weekly) Dec 20 2016 75 Puts
DUST (Weekly) Dec 20 2016 31.5 Puts
DUST (Weekly) Dec 20 2016 38 Puts
DUST (Weekly) Dec 20 2016 45 Puts
DUST (Weekly) Dec 20 2016 85 Calls
ILMN (Weekly) Dec 20 2016 105 Puts
MNK (Weekly) Dec 20 2016 45 Puts
MRVL (Weekly) Dec 20 2016 15 Calls (Covered)
MYL (Weekly) Dec 20 2016 40 Calls (Covered)
SDRL (Weekly) Dec 20 2016 4 Calls (Covered)
SVXY (Weekly) Dec 20 2016 59.5 Puts
SVXY (Weekly) Dec 20 2016 62 Puts
SVXY (Weekly) Dec 20 2016 78 Puts
SVXY (Weekly) Dec 20 2016 95 Calls (Covered)
SVXY (Weekly) Dec 20 2016 100 Calls
UVXY (Weekly) Dec 20 2016 19 Calls (Covered)
UVXY (Weekly) Dec 20 2016 19.5 Calls (Covered)
UVXY (Weekly) Dec 20 2016 20.5 Calls (Covered)
UVXY (Weekly) Dec 20 2016 26 Calls (Covered)
UVXY (Weekly) Dec 20 2016 26.5 Calls (Covered)
— Assignments —
CF (Weekly) Dec 20 2016 30 Calls (Covered)
SVXY (Weekly) Dec 20 2016 90 Calls (Covered)
Options Expiration 12/30/16
#OptionsExpiration #SPXcampaign
Only two spreads expiring:
$SPX Dec 30th 2295/2320 call spreads, and 2160/2135 put spreads. These were sold as a condor for 3.85 on Dec 8th, as a roll from a stopped call spread.
THANK YOU all for participating in the first “beta” year of Options Bistro! I am excited for the new year and growing this site. HAPPY NEW YEAR
#OptionExpiration
Just popped in from my long and much needed break.
May all of you have a wonderful and safe News Years.
I shall be here Tuesday ready to begin again.
$SVXY
Expiring
75 Put
80 Put
93 Call The pull back really surprised me.
95 Call
Assigned early on 12/28
87 Call
Happy new year to all
I am hoping for a nice correction in the new year to load up on SVXY puts. I have small positions that expire on January 20th and will be mostly in cash after that. Good trading in the new year.
Jeff, thanks for your web site. Much better than OMM.
$NUGT #ShortPuts – who thought…
$NUGT #ShortPuts – who thought with the stock above 9 this morning I would have to roll these
Bought to close NUGT Dec 30 2016 8 Puts / Sold NUGT Jan 20 2017 6.5 Puts @ 0.05 Credit.
Made a nice gain on the strike 8 puts I covered.
SVXY
#ShortPuts – Last ones of the year…
Sold SVXY FEB 17 2017 70.0 Put @ 2.50
Sold SVXY MAR 17 2017 60.0 Put @ 2.30
$SVXY – So my goal…
$SVXY – So my goal of getting out of my stock position will only be partly met. When the stock dipped under 91 I cancelled all my sell orders on the stock and tried to take advantage of the big spreads on the expiring strike 90 calls.
I covered up 7000 of my 9000 share at about 1.30. The stock is now 90.30 so they will hopefully get assigned.
In the meantime, I’ve sold many more SVXY Puts for all available expirations, mostly in the 55 to 65 strike price range (too many to list here LOL).
Everyone have a great holiday weekend.
THE Iceman
SPX puts stopped
#SPXcampaign This one hit my 3.00 stop, so I closed it on the bounce. Looking to #ReverseRoll it but got no fill before we started dropping again.
Bought to close $SPX Jan 19th 2175/2150 put spreads for 2.70. Sold for 1.45 on Dec 21st.
Best Wishes For The New Year
No expirations, just perspiration… Off to warmer climes, trading up 20 degrees, but don’t get too excited, it’s all relative, leaving Portland 30/40’s for Palm Springs 50/60’s, we’ll call it a “burr call spread”, ok it is warmer but really…PS should be ITM, for New Year’s Party and week of hot tubbing.
Bless you all…stay safe
Hey guys, have a Happy…
Hey guys, have a Happy & Healthy New Year
SVXY
Just for fun I’m adding a long term position similar to my positions on AMZN and GOOGL. Buying a 2019 call and selling 2 bull put spreads underneath it to reduce the initial cost. Then, selling weekly calls against the position. This type of trade is allowed in the #IRA. Based on my initial cost I’ll only need to sell an average of 27 dollars per week in premium to get that back. If we get a big pullback I’ll add “big league”…LOL
Bought to Open SVXY JAN 18 2019 (1) 70.0 Call and sold (2) 50.0/30.0 Bull Put Spreads @ 28.50 net
Then:
Sold SVXY JAN 13 2017 95.0 Call @ 2.25
The Last Hour of the year
As we enter the last hour of the trade year….and the Tax Selling Pro hour starts, Everyone have a safe and Happy New Year weekend…Hope the new Year gives you profitable trading and a good life…
The Wiz..
SPX puts stopped
#SPXcampaign Bought to close $SPX Jan 6th 2230/2205 put spreads for 6.30. Sold for 3.90 on Wednesday. Looking to #ReverseRoll into calls. Even if we rebound higher next week, I believe the upside momentum will remain stalled and call spreads are the safer bet.
RGLD covered calls
#CoveredCalls #Earnings
BTC RGLD Jan 20th 75 covered call for .20. Sold for 1.25 on Dec 13th
BTC RGLD Jan 20th 77.5 covered calls for .10. Sold for 1.83 (avg price)
Looking for a rebound in gold next month
Options Trading Education/Training Advice
As someone who is fairly new to options trading I would like some advice to further improve my basic knowledge of trading options and become a more successful trader. What books, training courses, etc would you recommend for a beginner/novice trader? Thank you.
#newbies #optionstraining #optionseducation
VXX starter
SPX calls closed
#SPXcampaign Bought to close $SPX Jan 6th 2300/2325 call spreads for .20. Sold for 3.65 on Dec 9th.
Futures Day Trade
#futures
Sold 5 /ym ( dow e-mini’s ) at the 19750 level ( 61% fib retracement), closed the trade at the 19730, near the established low of the morning..for a nice 20 point gain..
THC
Had a small position in UHC that did pretty good. Looking for some cheaper heath care now. Old high school buddy is a big shot with these guys up in Chicago** (I’m in the wrong business!) so I’ll give it a shot.
Sold THC FEB 17 2017 16.0/13.0 Bull put spreads @ 1.35
Worse case scenario I get the stock at 1.65 above wherever it happens to be trading at expiration.
** I have no insider info at all.
SPX Trade
STO 2 Feb 03 2300/2380 Call Credit Spread (BECS) @ 7.63
SVXY
STO June 55 puts @3.80, followed Iceman.
SVXY…go team!
Looks like taking one for the team is working so far….gonna roll ‘er and give it some more time.
Rolled this week’s 100 put out to Jan monthly 100 put @ 2.00 credit. Total credit now 6.10 so slightly underwater so far.
$SVXY #ShortPuts #OptionLadder – added…
$SVXY #ShortPuts #OptionLadder – added more short puts
Sold SVXY Feb 17 2017 55.0 Puts @ 0.80
Sold SVXY Mar 17 2017 55.0 Puts @ 1.65
Sold SVXY Jun 16 2017 55.0 Puts @ 3.80
$SVXY #ShortCalls #Rollup – Bought…
$SVXY #ShortCalls #Rollup – Bought to close SVXY Dec 30 2016 86 Calls / Sold SVXY Jan 27 2017 92.5 Calls @ 0.10 Credit.
Earned all of the strike 86 time premium and pushed the strike up to an at the money strike.
$DUST #ShortPuts – Some small…
$DUST #ShortPuts – Some small trades in an IRA account that is also short NUGT Puts
Sold DUST JAN 20 2017 30.0 Puts @ 0.90
Sold 1 DUST JAN 27 2017 30.0 Put @ 1.25
Sold 1 DUST FEB 17 2017 25.0 Put @ 1.10
Sold 1 DUST JAN 19 2018 25.0 Put @ 8.75 – this was an off the wall trade that could be a big winner
$DUST #ShortPuts – I’m forced…
$DUST #ShortPuts – I’m forced to roll some puts that I was too aggressive with (partially covered with short stock)
Bought to close DUST Dec 30 2016 49.0 Puts / Sold DUST Jan 13 2017 43.0 Puts @ 0.88 Credit.
I feel pretty good about the new position plus I have more cash in my account.
$NUGT #CoveredCalls – got a…
$NUGT #CoveredCalls – got a nice chance to sell next week’s calls when the stock hit 9.
Only 4 trading days next week.
Sold NUGT Jan 6 2017 10.5 Calls @ 0.15
Sold NUGT Jan 6 2017 11.0 Calls @ 0.10
Sold NUGT Jan 6 2017 12.0 Calls @ 0.05
$DUST #ShortPuts – with the…
$DUST #ShortPuts – with the stock hovering just above 40 I sold all these this morning.
Sold DUST JAN 6 2017 35.0 Puts @ 0.50
Sold DUST JAN 13 2017 30.0 Puts @ 0.40
Sold DUST JAN 20 2017 25.0 Puts @ 0.30
Sold DUST JAN 20 2017 30.0 Puts @ 0.90
Sold DUST JAN 27 2017 25.0 Puts @ 0.60
Sold DUST JAN 27 2017 30.0 Puts @ 1.25
Sold DUST FEB 17 2017 25.0 Puts @ 1.40
$SVXY #ShortPuts – I plan…
$SVXY #ShortPuts – I plan on liquidating all my long SVXY today in a year end Tax trade(LT Capital Gain).
Aggressively selling puts to offset the short calls I’m carrying out to 2019.
Sold SVXY Jan 6 2017 75.0 Puts @ 0.21
Sold SVXY Jan 13 2017 60.0 Puts @ 0.15
Sold SVXY Jan 20 2017 55.0 Puts @ 0.20
Sold SVXY Jan 20 2017 60.0 Puts @ 0.40
Sold SVXY Jan 20 2017 65.0 Puts @ 0.60
Sold SVXY Feb 17 2917 50.0 Puts @ 0.50
Sold SVXY Feb 17 2917 55.0 Puts @ 0.77
and the big kahunas ….
Sold SVXY Jun 16 2017 55.0 Puts @ 3.70
Sold SVXY Jan 19 2018 40.0 Puts @ 3.80
Sold SVXY Jan 19 2018 55.0 Puts @ 8.40
GOOGL calls
STO January 6, 810 calls @2.25 to replace the 810 calls that will expire today.
SPX calls closed
#SPXcampaign Bought to close $SPX Jan 13th 2340/2365 call spreads for .20. Sold for 1.55 on Dec 12th.
AMZN calls
STO January 6, 770 calls @3.80
It looks like my 770 calls that expire today will go out @0.00
SPX calls sold
#SPXcampaign Sold to Open $SPX Jan 27th 2325/2350 call spreads for 1.50, with SPX at 2243.
AMZN
#CoveredCalls – Another week gone by…
Bought to Close AMZN DEC 30 2016 775.0 Call @ .08 (sold for 4.10)
Sold AMZN JAN 6 2017 770.0 Call @ 4.53
IBB
#CoveredCalls – Replacing this week’s expiration…
Sold IBB JAN 6 2017 270.0 Call @ 1.80
#spxcampaign $SPX 1/27 2360/2335 BECS…
#spxcampaign
$SPX 1/27 2360/2335 BECS @ 1.25 Thanks Jeff
$SPX 1/9 2165/2190 BUPS @ 1.20 Thanks Jeff
$SPX 1/31 2040/2140 BUPS @ 5.20 Thanks FibWizard
#Short Puts
$SVXY 1/13 75 put @ .70 Thanks Vxxkelly
$SVXY #ShortCalls – Bought to…
$SVXY #ShortCalls – Bought to close SVXY Dec 30 2016 95.0 Calls @ 0.05.
Not willing to risk a late day VIX collapse.
Finally made some good money on some SVXY Call sales.
SPX calls sold
#SPXcampaign Sold to Open $SPX Jan 13th 2280/2305 call spreads for 4.70. An aggressive roll completing the replacement of the ITM position from Jan 3rd.
$SVXY
A couple of more starter positions
STO Jan 13 $75 puts @ $0.65
STO Jan 13 $70 puts @ $0.40
These were a couple GTC orders. I was away from the market almost all day. Premiums got a little better after I got these fills.
Last Trade Day
Tomorrow is the Last trade day of 2016…quite possibly some Big Guys doing some Tax Selling..Just an FYI…
VIX Indicator and the SPX…
VIX Indicator and the SPX Chart have been updated
#shortcalls $NUGT 1/6/20179 call @.45…
#shortcalls
$NUGT 1/6/20179 call @.45 (Covered)
$DUST #ShortPuts – I already…
$DUST #ShortPuts – I already have positions in these, and since I WILL BE HOLDING until late on the expiration day before rolling or closing them out, I added 1 more contract to each position.
DUST did break below 45 at the close.
Sold 1 DUST Dec 30 2016 45.0 Put @ 1.60 – risky !!
Sold 1 DUST Jan 6 2017 40.0 Put @ 1.65
Sold 1 DUST Jan 13 2017 35.0 Put @ 1.15.
I’m enjoying the rally in NUGT while all this goes on….
$UVXY #ShortCalls #ClassicVXXGame – with…
$UVXY #ShortCalls #ClassicVXXGame – with still OVER A YEAR to go until expiration, this shows the power of the #VXXGame dynamic. These were pre-split contracts and were never in any danger of trading any higher after they were sold.
Bought to close UVXY2 Jan 19 2018 115.0 Calls @ 0.01. They won’t trade any lower.
Originally sold in mid June 2016 at 4.25. I sure wish I had sold more than 4 of them 🙂
$UVXY #ShortCalls #VXXGame – getting…
$UVXY #ShortCalls #VXXGame – getting ready for the pending reverse split. These will be much less liquid after that.
All are at the highest available strike prices.
Sold UVXY FEB 17 2017 18.0 Calls @ 0.43
Sold UVXY JUN 16 2017 35.0 Calls @ 0.95
Sold UVXY JAN 19 2018 60.0 Calls @ 1.20
Sold UVXY JAN 18 2019 24.0 Calls @ 3.90 -#ClassicVXXGame
$UVXY $ShortCalls – Bought to…
$UVXY $ShortCalls – Bought to close UVXY JAN 20 2017 60.0 Calls @ 0.01. They won’t trade any lower.
Originally sold in August and September at an average of 4.15
SPX Trade
#spx
STO 2 Jan 31 2040/2140 BUPS @ 4.90 cr.
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls –
Sold UVXY JAN 13 2017 11.5 Calls @ 0.31
Sold UVXY JAN 13 2017 12.5 Calls @ 0.22
SPX condor-roll sold
#SPXcampaign #CondorRoll
Sold to Open $SPX Jan 9th 2165/2190/2275/2300 iron condors for 4.25. Fairly tight condor with only six trading days to expiry. 1.5x position size; partial roll from Jan 3rd call spread I exited on Tuesday.
SPX puts closed
#SPXcampaign Bought to close $SPX Dec 30th 2215/2190 put spreads for .35. Sold for 5.10 on Dec 8th. I do’t think this one is in danger, but I am closing to free up margin.
$UVXY #ShortPuts – Bought to…
$UVXY #ShortPuts – Bought to close UVXY DEC 30 2016 7.5 Puts @ 0.01
VIX spikes can run out of gas really fast, so I’m taking the nice gain and switching back to Calls
SPX calls closed
#SPXcampaign Bought to close $SPX Jan 13th 2350/2375 call spreads for .20. Sold for 1.50 on Dec 13th.
MNK
Whew…busy week at work and still going. On the bright side it’s all downhill from here! Vail to Miami today…that’s downhill…LOL
Did manage to unload a marginal position that I’m not really interested in. Starting to look weak and I’ve got plenty of biotech exposure elsewhere…
Bought to Close MNK Jan 20 2017 45.0 Puts @ 1.25 (sold for 1.70)
$NUGT #ShortPuts – Bought to…
$NUGT #ShortPuts – Bought to Close NUGT JAN 6 2017 5.5 Puts @ 0.03 (on a 0.05 Limit).
No commission
Originally sold on 12/15/16 at 0.60
$DUST $ShortPuts #OptionLadder – Now…
$DUST $ShortPuts #OptionLadder – Now I’ve sold these as DUST hits 47
Sold DUST Jan 6 2017 40.0 Puts @ 0.80
Sold DUST Jan 13 2017 35.0 Puts @ 0.70
Sold DUST Jan 27 2017 30.0 Puts @ 0.90
Sold DUST Jan 27 2017 25.0 Puts @ 0.30
$DUST $ShortPuts #OptionLadder – sold…
$DUST $ShortPuts #OptionLadder – sold these on the spike in the gold miners
Sold DUST Dec 30 2016 45.0 Puts @ 0.40 – these expire tomorrow
Sold DUST Jan 6 2017 41.0 Puts @ 0.65
Sold DUST Jan 20 2017 35.0 Puts @ 0.90
Sold DUST Jan 27 2017 30.0 Puts @ 0.65
SPX calls sold
#SPXcampaign Sold to Open $SPX Jan 27th 2335/2360 call spreads for 1.30.
Two-day road trip on Tue/Wed took its toll on my trading… I missed far better opportunities to sell upside positions due to my limited access to the computer.
$DUST #ShortCalls – Bought to…
$DUST #ShortCalls – Bought to close 1 DUST Jan 6 85.0 Call @ 0.05. It won’t trade any lower.
Sold on 12/15/16 at 5.70
$VXX
Nibbled a little
STO Jan 13 $29 calls @ $0.33
Options Expiration 12/28/16
#OptionsExpiration #SPXcampaign
— Expired —
$SPX 2225/2200 put spreads
$SPX 2280/2305 call spreads
#spxcampaign Expired $SPX 2305/2280 BECS
#spxcampaign
Expired
$SPX 2305/2280 BECS
$SVXY #ShortCalls #TaxPlanning – covered…
$UVXY #ShortCalls #TaxPlanning – covered another big position to move the gain into this tax year.
Bought to close 18 UVXY Jan 20 2017 (Pre split) 170 Calls @ 0.01 (no commission)
Here are my entry prices when I sold:
1/7/2016 @ 12
1/8/2016 @ 13
1/11/2016 @ 14.50
1/19/2016 @ 16
1/19/2016 @ 17
1/20/2016 @ 20.10
This was perhaps my best #VXXGame trade EVER !!
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts – Sold DUST Jan 20 2017 35.0 Puts @ 0.50 with the stock at 55.35.
This account is long NUGT stock so we are hoping that NUGT goes up if DUST drops by 20 points.
SPX puts sold
#SPXcampaign I just sold this as additional premium, rolled from previously stopped call spreads. It’s an aggressive strike that I will have to stop if downside pressure continues much after today.
Sold to Open $SPX Jan 6th 2230/2205 put spreads for 3.90, with SPX at 2250.
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY Jan 6 2017 10.5 Calls @ 0.12.
SPX ITM roll
#SPXcampaign #ITMrolling
Earlier, Bought to close $SPX Jan 4th 2265/2290 call spreads for 6.80. Sold for 7.45 last Thursday.
Rolled: Sold to Open $SPX Jan 17th 2280/2305 call spreads for 7.00
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY Jan 13 2017 10.5 Calls @ 0.31.
Strike price a half point higher than my last sale
FXI
BTO February 17, 36 puts. I would like to sell puts but there is not much premium on the puts. I think that Trump wants to raise tariffs on goods from China to level the playing field and that will not be good for the FXI. It is a small position so I may add to it if I am correct.
Futures Trade
Sold 5 contracts of /YM at 10:30 on the retracement to the 38% Fib, sold at 19880
set the stop at 19890…
Move my stop at at every 10 point profit on the way down for the morning sell off…
Stopped out at the 127% fib expansion at 19810 for a 70 point gain, just before noon CST
50.00 per each 10 point move per each contract…X 5 contracts, made a nice morning…
$CF #CoveredCalls – Sold CF…
$CF #CoveredCalls – Sold CF JAN 20 2017 35.0 Calls @ 0.49.
Over-writing at the 35 strike price for the next several weeks.
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts – Sold DUST Jan 6 2017 45.0 Puts @ 0.45 with the stock at 57.09.
Paired with an #OptionLadder in the calls, all sold at the $85 strike price in mid December.
Options Bistro 