Stocks have outperformed bonds by 6.75 percentage points during the last 20 trading days.
The S&P 500 is 5.33% above its 125-day average.
During the last five trading days, volume in put options has lagged volume in call options by 44.33% as investors make bullish bets in their portfolios.
The Fear/Greed Indicator is at 88, indicating Extreme Greed and High Risk…
SPX is up nearly 70 points since the reversal on 12/5….
Trade safely
My SPX trades got hairy last week. I cling on waiting for the pullback.
#shortputs
$LVS 12/23 55 put @ .60
$SVXY 1/13/2017 60 put @ .75
#BECS
$NFLX 1/20/2017 150/140 BECS @ 1.20
#spxcampaign
$SPX 1/13/2017 2365/2340 BECS @ 1.40
Is the snow blowing in a different direction? (Not a poll question :-})
BTC Dec 23 $2110/@$2010 BuPS’s @ $0.40, sold for $3.55. Close enough to 90% gain.
Followed @fibwizard on this one except went with Dec 23 instead of Dec 30.
Will look to enter a Dec 30 $SPX trade tomorrow after the FMOC announcement and I see how the market reacts.
$VIX /VX $SVXY $UVXY – the vix rally looks to be over for today as we have retraced to mid-morning levels. Couldn’t get any options to trade at my limits 😦
#SPXcampaign Bought to close $SPX Dec 23rd 2290/2315 call spreads for 6.30. Sold as part of an iron condor for 7.70 last Thursday. Provided the 2225/2200 put spread survives, this #CondorRoll will profit. But it was a roll to begin with so the net position is still underwater. Will look to sell a roll at a later date; to difficult at these levels to sell a roll… while we are extremely overbought, the SPX won’t stop going up, and I do not want to sell more call spreads to only have to stop them in a few days. Selling puts is too difficult with the index so high. If we get any pullback this week I will be stopping some more call spreads and selling put spreads.
Wow, S&P up 20. Bulls are flipping the bird to the FED today. We’ll see who is flipping the bird tomorrow. $VIX up with the market, people are buying puts.
December 5th BTO 2 Jan 06 2350 Long Calls @ 0.50
December 13th STC 2 Jan 06 2350 Long Calls @ 2.40
Took my 2300/2310 and 2100/2090 condor off for a loss of 2.05. This market is too strong for me to play the short side right now.
#ironbutterfly LLY
On Nov. 4, sold a Dec. 16 60/72.50/72.50/82.50 fly closed today, made 230. Really need patience with these things, like most premium selling.
#SPXcampaign Bought to close $SPX Jan 6th 2280/2305 call spreads for 10.40. Sold last week for 1.40. I’m waiting to roll this as I do not believe we are finished going higher.
#ShortPuts #LongStock #CoveredCalls
STC $FB stock for 121.00. Sold partial position from assignment in October
BTC $FB Dec 16th 115 puts for .08. Sold for 1.64 on Nov 2nd
BTC $REGN Dec 16th 362.5 put for .50. Sold for 7.60 on Dec 2nd
STO $RGLD Jan 20th 75 covered call for 1.25
December 5th Sell 2 Dec 30 2150 puts at $4.70 Credit(940.00)
december 13th buy 2 Dec 30 2150 puts at $2.00 Debit( 400.00)
gain 57%
#SPXcampaign Bought to close $SPX Dec 30th 2080/2055 put spreads for .20. Sold for 1.30 on Nov 28th. Also, working on stopping a call spread with a 2280 short.
$SVXY #ShortPuts – Sold SVXY Jan 20 2017 55.0 Puts @ 0.70 with the stock at 88.36.
This is an initial position for this contract. I will add aggressively if the price rises.
STO Jan 20 10.00 calls @ 0.60 to cover Feb 17 8.00 calls that I’m long. Lowering cost basis and if called in Jan then still a decent profit. Have only held the Feb calls for a week. If not called, then I’ll cover again for Feb.
#Market NDX up 1.5% and moving…. SPX peaked but now dropping… RUT peaked and now negative.
Financials down, Gold down.
And VIX up slightly.
Is tech coming back?
#VXXGame – I’m hoping today’s peak of 13.14 is not all we get before the Fed meeting announcement.
I need a much higher VIX to get positioned for next year.
$SVXY #ShortPuts – Sold SVXY Jan 13 2017 60.0 Puts @ 0.75 with the stock at 88.20.
This is an initial position for this weekly contract. I will add aggressively if the price rises.
$GILD #CoveredCalls – Sold GILD JAN 20 2017 85.0 Calls @ 0.26
Options Bistro 