#bups
$AMZN STO 12/30 740/750 BUPS @ 1.90
Daily Archives: Monday, December 19, 2016
AAPL roll
Currently short this week’s 116/108 inverted strangles. I’ve been rolling the puts up for awhile now for additional credit on what started out as a regular strangle. The puts are less of a concern than the calls so doing a fairly aggressive roll on the calls only.
Rolling just the 108 calls out to Jan monthly 121/114 inverted strangles at .05 credit. I’ll keep an eye on the original 116 puts for this week. Keeping them on a tight leash since they’re nicely green.
#bups $NFLX STO 1/20/2017 110/120…
#bups
$NFLX STO 1/20/2017 110/120 BUPS @ 3.00
$SVXY #ShortCalls #Rollup – not…
$SVXY #ShortCalls #Rollup – not waiting for the stock to run any higher. Rolling this short position up to release margin after earning most of the time premium.
Bought to close SVXY Dec 23 2016 90.0 Calls @ 4.93
Sold SVXY Jan 19 2018 175.0 Calls @ 5.33 – Highest available strike
Someday I’ll be able to pair short puts with these short calls.
SVXY roll
#CoveredCalls #IRA – Doing a conservative roll until we see how the transition of power goes. If all is well I’ll then look out to May or June for a big roll up. Until then, leaving plenty of downside room without hurting profits at all.
Rolled SVXY Dec 30th 74.5 calls out to Jan 20th 75.0 @ .90 credit.
Picking up another 1.40 of upside for about an extra 3 weeks of holding.
UVXY again
#IRA – Another starter position that I never got a chance to add to…
Bought to Close UVXY JAN 20 2017 25.0/35.0 Bear call spreads @ .06 (sold for 1.00)
/VX quickie…
Bought to Close /VX FEB 17 @ 14.60 (sold for 15.00)
Picked up a quick .40. Works for me since these trade at a grand per point so not worth holding very long.
Getting out now…more crazy stuff going on in the world today. Makes this market complacency even more amazing. China steals our drone and now this:
#SPXcampaign STO SPX 31 JAN…
#SPXcampaign STO SPX 31 JAN 17 2165/2065 BuPS @5.80 when SPX at 2263
#Jeff: The Webinar you did…
#Jeff:
The Webinar you did earlier in 2016 relating to the SPX trade, is that available to review anywhere ??
$SVXY #SVXY
#ContangoETFs #ShortOptions Sold Dec 30th 80 Puts when $SVXY was at93.11. I will roll if these get into trouble. I messed up last year taking assignment at these lofty levels and it was a nightmare. Stupid me.
Sold Dec 30th 95 Calls against the remainder of my long stock now that $SVXY has pushed above my target of 93. Order was filled when $SVXY was at 93.47. If I end up being assigned on all the calls, 93s and 95s, most likely the puts expire and I will have a cash position to sell lower strike puts against when the market pulls back in January. If I end up still holding stock a lot will depend on where it closes.
I’m working on my learning objectives for 2017. Controlling my fear of SPX spreads is at the top of the list.
Have a great day. Stay warm and safe and may you all have joyous holidays. My daughter arrives tonight. There be distractions, eating, drinking and story telling henceforth.
Fuzzball Trade GOOGL
STO December 23, 815 calls @4.10 to replace the 815 calls that expired on Friday. These are sold against my long position of the 650 call in January 2019.
UVXY
#IRA – Starter position that I never got a chance to add to…
Bought to Close UVXY JAN 20 2017 30.0/40.0 Bear call spreads @ .04 (sold for 1.00)
/VX
#Futures – For a little scalp as the front month rolls off on Wednesday…
SOLD /VX FEB 17 @ 15.00 (filled near the open Sunday evening)
/ES
#Eminis – Thanks Fibwizard!
Bought to Close /ES DEC 16 (EOM) 2150/2010 Bull put spreads @ .75 (sold for 7.05)
And to help continue raising the basis on my short /ES hedge:
SOLD /ES FEB 17 (Wk3) 2100 PUT @ 10.50
#spxcampaign $SPX 1/13 2185/2210 BUPS…
SPX calls sold
#SPXcampaign Sold to Open $SPX Jan 19th 2340/2365 call spreads for 1.50, with SPX at 2262.
Econ Calendar for week of 12/19
Options Bistro 