VIX Indicator and SPX Chart have been updated
Daily Archives: Thursday, December 15, 2016
$SVXY this morning I received…
$SVXY this morning I received a note from IAB that I have to liquidate my put options in my IRA account by Dec 23. Having to do with restrictions on limited partnerships. Is IAB the only that does that?
DUST roll
#ContangoETFs #Rolling #ShortCalls
BTC DUST Dec 16th 63 call for 5.00. Sold for 5.25 on Nov 11th.
STO DUST Jan 20th 90 call for 5.50
$DUST #coveredcalls sold stock 67.30…
$DUST #coveredcalls
sold stock 67.30 (too early) watching for one tranche 67 call expiring tomorrow. Next naked call $65 Jan 20. Worst case I expect to buy back below $67 before expiry.
Gold looks to be recovering a bit
/GC bouncing off its lows for the last 2 hours or so. Some air coming out of $DUST but watching closely. I’ll likely have to roll my 60 calls for tomorrow’s expiration. But I may dodge a bullet on the 67, 70 and 90 calls. We’ll see.
SPX Trade
STO 2 Jan 20th 2290 short calls, @ 17.25, replacing the short calls I closed at 3pm yesterday…these were sold with ES at 2262 a few mins ago..lets see which way the Descending Tria breaks out ….
AMZN fat finger
#ShortCalls #IRA -Thought I had the closing order in for a nickel….but nooooo! Oh well…sell ’em again.
Bought to Close AMZN DEC 16 2016 780.0 Call @ .42 (sold for 4.10)
Sold AMZN DEC 23 2016 782.5 Call @ 4.00
SPX calls sold
#SPXcampaign Earlier, sold to open $SPX Jan 13th 2350/2375 call spreads for 1.50, when SPX was at 2267.
IBB
#CoveredCalls – Bought to Close IBB DEC 16 2016 280.0 Call @ .05 (sold for 2.30)
Closing this now commission free as safety since I’d already sold next week’s…
#coveredcalls #earnings FB On November…
#coveredcalls #earnings FB
On November 7 I was assigned FB @ 130 from earnings. Through following examples from here I have the cost basis down to 120. Sold a Dec. 23, 120 call for 1.67.
/ES /VX
I’ve got this pairs trade (short /ES against short /VX) established now with single positions as an experiment. I’ve been in the short /ES call awhile and selling puts against it to raise basis. Just before the FED meeting I added the short /VX out in Feb. Didn’t use front month since it tends to react more violently to volatility spikes. Once Feb becomes front month I’ll probably roll it back out to a safer position…we’ll see. This should capture contango until we get a spike. Once this /VX gets slightly more profitable (up nicely already) I should be able to set a stop on it at breakeven.
So…assuming all my short /ES put positions expire and I get assigned the ITM call I’ll be sitting at:
Short /ES @ 2202.35 basis (slight loser but nice hedge)
Short Feb /VX @ 16.90 (assuming no spike this should gradually decay towards spot VIX at a grand per point)
and to further raise short /ES basis:
SOLD /ES JAN 17 (Wk3) 2180 PUT @ 10.25
TLT…same as GLD
Bought to Close TLT DEC 16 2016 120.5 Calls @ .01 (sold for .61)
Already sold next week’s…
GLD
It keeps dropping and I keep selling. Short ITM puts’ basis not quite keeping up with the drop but staying close.
Bought to Close GLD DEC 16 2016 112.0 Calls @ .01 (sold for .88)
Sell to Open GLD DEC 23 2016 108.5 Calls @ .85
#ShortCalls #ContangoETFs #Rolling $SVXY Sold…
#ShortCalls #ContangoETFs #Rolling $SVXY
Sold to open Dec 30th 93 Call @ 3.00 when $SVXY was at 90.50 on some of my remaining long stock. I was looking for $SVXY to move up to 93 before covering but the post FOMC activity led me to cover part incase $SVXY can’t make it up to 93.
Rolled a Dec 16th 80 Call out and up to Dec 30th 87 Call for even sans fees. Originally sold for 4.00 so the 4.00 debit was a wash but gained 7 points of upside.
Have a great day all. And thanks for enlightening me to the editing secret.
$DUST #ShortCalls – Adding at…
$DUST #ShortCalls – Adding at the highest strike with the stock is at 70. Staying very small.
Sold 1 DUST Jan 6 2017 85.0 Calls @ 5.70
$SVXY #ShortCalls – Bought to…
$SVXY #ShortCalls – Bought to close SVXY Dec 16 2016 Calls @ 0.05 to release a significant amount of margin.
Originally sold for an average of 1.76
$DUST #ShortCalls – Adding at…
$DUST #ShortCalls – Adding at the highest strike with the stock is at 69.70.
Sold DUST Dec 23 2016 85.0 Calls @ 2.45
$UVXY #ShortPuts – soooooo ……..
$UVXY #ShortPuts – soooooo ….. that didn’t work but I’m getting a good roll so I’m sticking with this small speculation for a bit longer
Bought to close UVXY Dec 16 2016 10.0 Puts / Sold UVXY Dec 30 2016 9.5 Puts for a 0.14 Credit
DUST and BOIL
Learning my lesson on these low liquidity tickers and trading spreads. Had a chance yesterday morning to close DUST 55/65 spreads at a small profit but got called to work so missed it. Now I’m seeing that they are nearly impossible to roll anywhere when DITM without a dramatic increase in risk. If we don’t get a pullback today or tomorrow allowing a roll I’ll probably just eat the max loss of 8.75. About the only option is to widen it by 5 points and roll it out and down a year to about 20/35 and hope for a big gold rally.
To avoid a similar situation:
Bought to Close BOIL MAR 17 2017 20.0/25.0 Bear call spreads @ 1.14 (sold for 1.40)
With the increase in margin from TDA for naked selling, it looks like I may be done with these tickers unless it’s maybe buying some put spreads when they start imploding…
$DUST
sold buy write DUST 68.29, Dec 16 $67C for 3.59. I entered slightly lower call for $3.59 price protection. The expected ROI is 3.55%, not excessive but neither certain. My rule is 5% or more is very unlikely to exercise, if ATM weekly.
$DUST call spread Can’t sell…
$DUST call spread
Can’t sell naked calls in my account, but sold Jan 20 85/90 BeCS for 1.05.
$DUST #ShortCalls – couldn’t resist…
$DUST #ShortCalls – couldn’t resist any longer. The stock is at 67.50 and all are the highest strike.
Sold DUST Dec 23 2016 85.0 Calls @ 2.20
Sold 1 DUST Dec 30 2016 85.0 Call @ 3.20
Sold 1 DUST Jan 6 2016 85.0 Call @ 4.20
Sold 1 DUST Jan 20 2017 90.0 Call @ 5.60
SPX trades
#SPXcampaign From yesterday…
Bought to close $SPX Dec 15th 2125 short calls for .15. Closed early for margin.
Sold to Open $SPX Jan 13th 2175/2150 put spreads (standard campaign trade)
Sold to Open $SPX Jan 13th 2310/2335 call spreads for 4.00. Partial roll from 8.00 stopped spread.
Today:
Sold to Open $SPX Jan 13th 2210/2185 put spreads for 4.25. Second half of roll from 8.00 stopped spread.
Posting updated chart in a moment. Good luck following all the arrows!
Adding to Jan DUST
Sold $DUST Jan 20 90 call @ 5.00. New highest strike.
$SVXY #VXXGame I got a…
$SVXY
#VXXGame
I got a fill on this yesterday afternoon. I was a bit early as premiums got better into the close.
STO $SVXY Dec 16 $82 puts @ $0.35
$DUST
Dust is shooting up again the pre-market, after a gain >15% yesterday. It may run a while longer, so I’ll be rolling out my $55, $56 covered calls another week. I’ll roll some today and the remainder tomorrow in case there is a pullback. $64 presently.
Options Bistro 