#earnings@Jeff
$AVGO 162.50 puts expired
#spxcampaign
Closed a few hours early
$SPX 12/9 2260/2235 @ 60% of total loss. A little late and a lot luck
Repeat: Pay attention to dates. Optimism is not a strategy.
Have a great weekend.
Daily Archives: Friday, December 9, 2016
$UPRO
BTC my Dec 16 75/81 BeCS for $3.55 net loss/share. Why wait another week to see if it expands from $5.50 to close to the full $6 value.
$SVXY
Rolled Dec 16 $70 calls to Dec 09 $70 calls, accidently selected debit, not credit for 0.25. Unloaded shares today and closed profitable, due to call premium of $11.45, position.
Options Expiration for Dec 9
None this week, but closed some spreads earlier in the week as posted.
$RH – placed an RH Jan 20 27.50 at .75 order which expired no fill. Noticed after close underlying dipped to 30.53 now trading at 31.30…see what next week brings. Keeping cash on hand for FOMC next week.
Have a great weekend.
(33 degrees, ice melting somewhat)
#OptionsExpiration #Weeklys #Dec9 Fairly light…
#OptionsExpiration #Weeklys #Dec9
Fairly light expiration this week. First time in month’s that I didn’t have any $UVXY calls expiring.
$CME $110 put
$SVXY $50 puts
$SVXY $65 puts
$SVXY $67.5 puts
$SVXY $70 puts
$VXX $60 calls
Have a great weekend everyone.
#OptionsExpiration for Dec 9 Expiring:…
#OptionsExpiration for Dec 9
Expiring:
$DUST 12/09/2016 60.00 calls
$NUGT 12/09/2016 24.00 calls
$UVXY 12/09/2016 30.50 calls
No assignments this week.
#OptionsExpiration #Weeklys #Dec9 – a…
#OptionsExpiration #Weeklys #Dec9 – a decent expiration with lots of covered calls expiring and several being assigned with nice stock profits.
The Monthly expiration for next week is the big one on the horizon.
— Expirations —
AVGO (Weekly) Dec 9 2016 155 Puts – earnings play
BMY (Weekly) Dec 9 2016 57.5 Calls
CVS (Weekly) Dec 9 2016 70 Puts – earnings play
DUST (Weekly) Dec 9 2016 60 Calls
ILMN (Weekly) Dec 9 2016 118 Puts – earnings play
MYL (Weekly) Dec 9 2016 42.5 Calls (Covered)
NUGT (Weekly) Dec 9 2016 7.5 Puts
NUGT (Weekly) Dec 9 2016 11 Calls (Covered)
RH (Weekly) Dec 9 2016 30 Puts – earnings play
SVXY (Weekly) Dec 9 2016 40 Puts
SVXY (Weekly) Dec 9 2016 60 Puts
SVXY (Weekly) Dec 9 2016 62 Puts
SVXY (Weekly) Dec 9 2016 68 Puts
UVXY (Weekly) Dec 9 2016 19 Calls (Covered)
UVXY (Weekly) Dec 9 2016 19.5 Calls (Covered)
UVXY (Weekly) Dec 9 2016 25.5 Calls (Covered)
UVXY (Weekly) Dec 9 2016 30.5 Calls (Covered)
— Assignments —
SVXY (Weekly) Dec 9 2016 85 Calls (Covered)
SVXY (Weekly) Dec 9 2016 90 Calls (Covered)
TWTR (Weekly) Dec 9 2016 18.5 Calls (Covered)
$CVS #ShortCalls -Bought to close…
$CVS #ShortCalls -Bought to close CVS Dec 9 2016 80.0 Calls @ 0.18 to avoid assignment.
After yesterday’s bloodbath in the stock I didn’t think I would need to buy this one back.
Still made money on the trade.
$SVXY #ShortCalls – Bought to…
$SVXY #ShortCalls – Bought to close SVXY Dec 9 2016 90.0 Calls @ 0.35 to avoid assignment.
I was forced into a market order at the close and got screwed by the market maker. I made money despite their best efforts
DUST calls
#ContangoETFs #ShortCalls Earlier, STO DUST Dec 23rd 70 calls for 1.50 and 1.80
RH earnings trade
#Earnings #ShortStrangles
BTC RH Dec 9th 32 puts for .05 to avoid possible assignment. Will let the 45 calls expire. Strangle sold yesterday for .90.
SPX heavy
#SPXcampaign Busy day, heading out of town in a few. Will post my SPX rolls this weekend. All-in-all, a rough week, and now I’m am very short this market with rolled call spreads. It will all come back to me once we have any kind of pullback.
REGN roll
#ShortPuts #StrangleRoll #ShortStrangles
BTC REGN Dec 9th 380 put for 6.55. Sold for 5.00 on Nov 28th
STO REGN Dec 23rd 347.5/400 strangle for 6.55
SVXY
Freeing up cash in an #IRA ….
Bought to Close SVXY JAN 20 2017 45.0 Put @ .30 (sold for 2.60)
$UVXY #ShortPuts #Rollout – Bought…
$UVXY #ShortPuts #Rollout – Bought to close UVXY Dec 9 2016 10.5 Puts/Sold SVXY Dec 23 2016 10 Puts @ 0.10 Credit.
$SVXY #ShortCalls #Rollup – Bought…
$SVXY #ShortCalls #Rollup – Bought to close SVXY Dec 9 2016 87 Calls/Sold SVXY Dec 16 2016 90 Calls @ 0.05 Credit.
Added 3 Points to the strike price and added only 1 week to the holding period.
Earned every bit of the time premium in the 87 calls
RH earnings
Gonna let the stock get assigned from my #Earnings strangle. Getting started on the road to recovery. This would get me out at almost even…(about a .07 loss).
Sold RH DEC 16 2016 33.0 Calls @ .68
AMZN long call diagonal
#IRA – Selling against a long 2019 position…
Bought to Close AMZN DEC 9 2016 775.0 Call @ .05 (sold for 3.67)
Sold AMZN DEC 16 2016 780.0 Call @ 4.10
$DUST #coveredcalls Well the price…
$DUST #coveredcalls
Well the price is moving strongly upward, crossing the R3 line with small pullback to same.
Rolled Dec09 53 calls to Dec 16 $56 calls for $2, $2.20 credit, this is above cost basis.
POLL test
#shortputs RH Sold Jan. 20,…
#shortputs
RH Sold Jan. 20, 27.50 put for .70
$MCO #CoveredCalls – Sold MCO…
$MCO #CoveredCalls – Sold MCO Jan 20 2017 105 Calls @ 0.71. I could get a bit more for these now.
I’m already short the Dec 105 calls but with the stock at 98.91, I expect them to expire in 5 days.
VIX call spreads
#IRA – Taking these off near max gain. Hoping Fed meeting will get me into a Jan position. These have been working every month. How long does VIX get and stay above 20 for an extended time? Especially when these are priced based on the front month future.
Bought to Close VIX DEC 21 2016 20.0/25.0 Bear call spreads @ .07 (sold for .80)
STO SPX 31 JAN 17…
STO SPX 31 JAN 17 2115/2015 BuPS @5.75
$CF #CoveredCalls #Rollup – Bought…
$CF #CoveredCalls #Rollup – Bought to close CF DEC 9 2016 30 Calls/Sold CF DEC 23 2016 31 Calls @ 0.27 Credit.
I’ve overwritten this stock position and it is currently profitable
$CVS – rebounding in a…
$CVS – rebounding in a big way from yesterday’s plunge and back above 80
Test of POLLS
AVGO earnings
#Earnings -Original sale was 167.5/172.5/177.5 iron fly @ 4.11. Skewed it to the upside but not quite enough.
Max loss was .89 so:
Bought to Close AVGO DEC 9 2016 172.5/177.5 Bear call spread @ 4.80 reducing max loss to .69
Then:
Sold AVGO DEC 9 2016 175.0 Put @ .55 reducing max loss to .14
Risk here is AVGO tanking this afternoon so we shall see. Best play would probably be to just take the original loss…LOL
This same strateegery on LULU will work if it stays above 68 today reducing max loss of 120 dollars to a 6 dollar gain.
$SVXY #ShortCalls #Rollup – Bought…
$SVXY #ShortCalls #Rollup – Bought to close SVXY Dec 9 2016 82 Calls/Sold SVXY Jan 13 2017 88 Calls @ 0.24 Credit.
Added 6 Points to the strike price and moved the breakeven price on the sale to 95.
BOIL
#IRA – Sold BOIL MAR 17 2017 20.0/25.0 Bear call spreads @ 1.40
$DUST #shortcalls #gold Roll short…
$DUST #shortcalls #gold
Roll short Dec 09 $52 calls to Dec 16 $55 calls for $1.65 credit,
Add short Dec 09 $53 Calls for $0.50 credit,
which is about R3 if that matters with this volatile security
GOOGL roll
#IRA – Breaking out above the 50 so rolling out and up…
Rolled GOOGL Dec 9th 790 call to Dec 30th 800 call @ .30 credit.
This is sold against a 2019 long position. If it turns out to be a fakeout I’ll roll it back in and down.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY DEC 30 2016 59.5 Puts @ 0.40 with the stock at 88.39
Earnings results
#Earnings #ShortStrangles #ShortPuts AVGO flies high as usual, but RH takes a bigger than normal dump. My 32 puts are on the edge. Will decide later if I have to roll or take assignment.
Ah, nothing more beautiful than…
Ah, nothing more beautiful than waking up to Portland under ice…a nice half inch, or so, of really glossy ice…took all the dents and scratches out of my red ’83 Chev pickup, the color is so brilliant now like to drive it around, show it off…oops, not going anywhere for a while.
Options Bistro 