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Daily Archives: Thursday, December 22, 2016
$UVXY
$UVXY #ShortPuts #Rollout – taking a small gain in this week’s put option position and replacing it with a much lower strike price.
Bought to close UVXY Dec 23 2016 8.0 Puts/Sold UVXY Jan 13 2017 6.5 Puts @ 0.02 Credit.
AMZN
Looks like every little bounce gets sold so with the 50 and 100 moving averages lurking overhead I’ve decided on an aggressive sale for the 4 day trading week next week.
Sold AMZN DEC 30 2016 775.0 Call @ 4.10
$SVXY #ShortPuts #Rollup – Bought…
$SVXY #ShortPuts #Rollup – Bought to close 1 SVXY Dec 30 2016 90.0 Call / Sold 1 SVXY JUN 16 2017 120.0 Call @ 1.05 Credit
$SVXY #ShortPuts #Rollup – volatility…
$SVXY #ShortPuts #Rollup – volatility will go up eventually … but I can’t wait as the move from 72 to 98 since the election is pressuring too many short calls.
Bought to close SVXY Dec 30 2016 85.0 Calls / Sold SVXY JUN 16 2017 105.0 Calls @ 1.52 Credit
#ironbutterfly AAPL closed Dec. 23…
#ironbutterfly
AAPL closed Dec. 23 110/115/115/120 put on last Friday, made $72.
TLT
Dr. J mentioned some unusual call buying today so I’m adding some long deltas. Sitting at one third position so this will be another third until we see what happens next. If nothing else it will dramatically lower my cost basis on the DITM puts…
Sold TLT JAN 20 2017 116.5 Puts @ 1.11
SPX rolls sold
#SPXcampaign. These two spreads sold today:
Sold to Open $SPX Dec 28th 2280/2305 call spreads for 1.45
Sold to Open $SPX Jan 4th 2225/2200 put spreads for 2.20
GLD
Going out 2 weeks for a little more room and premium…
Sold GLD JAN 6 2017 109.0 Calls @ .60
TLT
#ShortCalls – Reducing risk on an over sell against DITM puts…
Bought to Close TLT DEC 23 2016 119.0 Calls @ .02 (sold for .70)
SPX roll sold
#SPXcampaign. Got stuck in an unexpected 2-day pullback. Closed an ITM call spread yesterday and was waiting for strength to sell the roll. Instead, we are going down. So I’ve rolled to a less desirable spread, and need to sell more to make up for the hefty exit price.
Yesterday, Bought to close Dec 28th 2260/2285 call spreads for 11.45
Today, Sold to Open Jan 4th 2265/2290 call spreads for 7.45
AMZN
Can’t double up on these in an #IRA so closing on weakness and hoping for a bounce to sell next week. Gotta be careful here…starting to squeeze and Christmas delivery news could come at any time. Considering going out 2 weeks next time for more upside room.
Bought to Close AMZN DEC 23 2016 782.5 Call @ .13 (sold for 4.00)
SVXY
#ShortPuts #IRA -Taking some more risk off betting on a chance to re-sell these at some point…
Bought to Close SVXY MAR 17 2017 40.0 Put @ .50 (sold for 2.80)
Bought to Close SVXY MAR 17 2017 45.0 Put @ .75 (sold for 4.00)
WYNN
#CoveredCalls – Was assigned early on some short puts so my long time WYNN rolling strangles are now covered calls. An example of how weekly premium really accumulates….I was assigned at 107 but with all the premium I’ve collected the actual basis of the stock is 84.50
Rolling the call side up and out now and trading as a regular covered call position…
Bought to Close WYNN DEC 23 2016 86.0 Calls @ 2.82
Sold to Open WYNN JAN 6 2017 88.5 Calls @ 2.95
Picking up another 2.5 points of upside while collecting .13 credit.
IBB
Getting a jump on next week replacing this week’s expiration:
#CoveredCalls – Sold IBB DEC 30 2016 270.0 Call @ 1.80
AAPL
I’ll be out all day tomorrow so to avoid assignment risk:
#ShortPuts – Bought to Close AAPL DEC 23 2016 116.0 Puts @ .38 (sold for 2.60)
$SVXY #ShortPuts #Rollup – volatility…
$SVXY #ShortPuts #Rollup – volatility will go up eventually … geesh
Bought to close SVXY Dec 23 2016 85.0 Calls / Sold SVXY Jun 16 2017 110.0 Calls @ 0.10 Credit
$LULU puts STO Jan 20…
$LULU puts
STO Jan 20 60.00 put for 0.77 in my IRA, with stock at 65.98
SPX puts sold
#SPXcampaign. Sold to Open $SPX Jan 19th 2160/2135 put spreads for 1.30, with SPX at 2260.
Options Bistro 