#spxcampaign Closed Early $SPX 1/13…

#spxcampaign
Closed Early
$SPX 1/13 2375/2340 BECS @86% profit
$SPX 1/13 2365/2340 BECS @ 88% profit
$AMZN 12/30 720/740 BUPS @ 55% profit (Squeezed out at end of day by $AMZN swoon. How will their warehouses stay in the air if the stock cannot? ;-})

#shortputs
$SVXY 1/13 75 put @ .70 Thanks again VXXKelly

All’s well that ends. I hope everyone’s time this year at Jeff’s Bistro has been rewarding, enjoyable and informative. May 2017 rock us all forward in our trading goals.
Much thanks to all and especially grateful to the Potentate of Portland for his dexterity and sharing.
Jeff – Magnificently done
Members – A wow to all your generosity in thoughts, ideas, knowledge and goodwill.

Happy New Year
Peace Prosperity and Good Health to all

OptionsExpiration

#OptionsExpiration

$SVXY $55 puts
$SVXY $60 puts
$SVXY $65 puts
$UVXY $22 calls
$UVXY $25 calls
$UVXY $26 calls
$VXX $30 calls
$VXX $36 calls
$VXX $47 calls

With this expiration, I have a very small number of remaining open positions/contracts.

Been a great week, basically took the entire week of from the market. Hope everyone has a safe new years and we’ll see you here on Tuesday.

#OptionsExpiration for Dec 30 All…

#OptionsExpiration for Dec 30
All of the following expired:
$DUST 12/30/2016 85.00 calls
$DUST 12/30/2016 60.00 calls
$UNH 12/30/2016 145.00 puts
$UVXY 12/30/2016 26.00 calls
$UVXY 12/30/2016 20.50 calls
$RUT 12/30/2016 1400.00 calls

No assignments this week.

Have a Happy New Year!

#OptionsExpiration #Weeklys #Dec30 – Getting…

#OptionsExpiration #Weeklys #Dec30 – Getting closer to cash on this last expiration cycle of 2016. With this expiration I’m selling ALL of my long SVXY position and replacing it with short SVXY Puts. I’ve been in this stock position from the mid-50s and the gain is long term.
We haven’t seen a correction since the election and I’m fairly confident we will see one pretty soon. But I’ve been wrong before.

Happy new year to everyone in the forums.

— Expirations —
ALXN (Weekly) Dec 20 2016 95 Puts
CF (Weekly) Dec 20 2016 35 Calls (Covered)
CVS (Weekly) Dec 20 2016 75 Puts
DUST (Weekly) Dec 20 2016 31.5 Puts
DUST (Weekly) Dec 20 2016 38 Puts
DUST (Weekly) Dec 20 2016 45 Puts
DUST (Weekly) Dec 20 2016 85 Calls
ILMN (Weekly) Dec 20 2016 105 Puts
MNK (Weekly) Dec 20 2016 45 Puts
MRVL (Weekly) Dec 20 2016 15 Calls (Covered)
MYL (Weekly) Dec 20 2016 40 Calls (Covered)
SDRL (Weekly) Dec 20 2016 4 Calls (Covered)
SVXY (Weekly) Dec 20 2016 59.5 Puts
SVXY (Weekly) Dec 20 2016 62 Puts
SVXY (Weekly) Dec 20 2016 78 Puts
SVXY (Weekly) Dec 20 2016 95 Calls (Covered)
SVXY (Weekly) Dec 20 2016 100 Calls
UVXY (Weekly) Dec 20 2016 19 Calls (Covered)
UVXY (Weekly) Dec 20 2016 19.5 Calls (Covered)
UVXY (Weekly) Dec 20 2016 20.5 Calls (Covered)
UVXY (Weekly) Dec 20 2016 26 Calls (Covered)
UVXY (Weekly) Dec 20 2016 26.5 Calls (Covered)

— Assignments —
CF (Weekly) Dec 20 2016 30 Calls (Covered)
SVXY (Weekly) Dec 20 2016 90 Calls (Covered)

Options Expiration 12/30/16

#OptionsExpiration #SPXcampaign
Only two spreads expiring:
$SPX Dec 30th 2295/2320 call spreads, and 2160/2135 put spreads. These were sold as a condor for 3.85 on Dec 8th, as a roll from a stopped call spread.

THANK YOU all for participating in the first “beta” year of Options Bistro! I am excited for the new year and growing this site. HAPPY NEW YEAR

#OptionExpiration

Just popped in from my long and much needed break.
May all of you have a wonderful and safe News Years.
I shall be here Tuesday ready to begin again.

$SVXY
Expiring
75 Put
80 Put
93 Call  The pull back really surprised me.
95 Call
Assigned early on 12/28
87 Call

Happy new year to all

I am hoping for a nice correction in the new year to load up on SVXY puts. I have small positions that expire on January 20th and will be mostly in cash after that. Good trading in the new year.

Jeff, thanks for your web site. Much better than OMM.

$NUGT #ShortPuts – who thought…

$NUGT #ShortPuts – who thought with the stock above 9 this morning I would have to roll these
Bought to close NUGT Dec 30 2016 8 Puts / Sold NUGT Jan 20 2017 6.5 Puts @ 0.05 Credit.
Made a nice gain on the strike 8 puts I covered.

SVXY

#ShortPuts – Last ones of the year…

Sold SVXY FEB 17 2017 70.0 Put @ 2.50
Sold SVXY MAR 17 2017 60.0 Put @ 2.30

$SVXY – So my goal…

$SVXY – So my goal of getting out of my stock position will only be partly met. When the stock dipped under 91 I cancelled all my sell orders on the stock and tried to take advantage of the big spreads on the expiring strike 90 calls.
I covered up 7000 of my 9000 share at about 1.30. The stock is now 90.30 so they will hopefully get assigned.
In the meantime, I’ve sold many more SVXY Puts for all available expirations, mostly in the 55 to 65 strike price range (too many to list here LOL).
Everyone have a great holiday weekend.
THE Iceman

SPX puts stopped

#SPXcampaign This one hit my 3.00 stop, so I closed it on the bounce. Looking to #ReverseRoll it but got no fill before we started dropping again.

Bought to close $SPX Jan 19th 2175/2150 put spreads for 2.70. Sold for 1.45 on Dec 21st.

Best Wishes For The New Year

No expirations, just perspiration… Off to warmer climes, trading up 20 degrees, but don’t get too excited, it’s all relative, leaving Portland 30/40’s for Palm Springs 50/60’s, we’ll call it a “burr call spread”, ok it is warmer but really…PS should be ITM, for New Year’s Party and week of hot tubbing.

Bless you all…stay safe

Hey guys, have a Happy…

Hey guys, have a Happy & Healthy New Year

SVXY

Just for fun I’m adding a long term position similar to my positions on AMZN and GOOGL. Buying a 2019 call and selling 2 bull put spreads underneath it to reduce the initial cost. Then, selling weekly calls against the position. This type of trade is allowed in the #IRA. Based on my initial cost I’ll only need to sell an average of 27 dollars per week in premium to get that back. If we get a big pullback I’ll add “big league”…LOL

Bought to Open SVXY JAN 18 2019 (1) 70.0 Call and sold (2) 50.0/30.0 Bull Put Spreads @ 28.50 net

Then:

Sold SVXY JAN 13 2017 95.0 Call @ 2.25

The Last Hour of the year

As we enter the last hour of the trade year….and the Tax Selling Pro hour starts, Everyone have a safe and Happy New Year weekend…Hope the new Year gives you profitable trading and a good life…

The Wiz..

SPX puts stopped

#SPXcampaign Bought to close $SPX Jan 6th 2230/2205 put spreads for 6.30. Sold for 3.90 on Wednesday. Looking to #ReverseRoll into calls. Even if we rebound higher next week, I believe the upside momentum will remain stalled and call spreads are the safer bet.

RGLD covered calls

#CoveredCalls #Earnings
BTC RGLD Jan 20th 75 covered call for .20. Sold for 1.25 on Dec 13th
BTC RGLD Jan 20th 77.5 covered calls for .10. Sold for 1.83 (avg price)

Looking for a rebound in gold next month

Options Trading Education/Training Advice

As someone who is fairly new to options trading I would like some advice to further improve my basic knowledge of trading options and become a more successful trader. What books, training courses, etc would you recommend for a beginner/novice trader? Thank you.
#newbies #optionstraining #optionseducation

VXX starter

Starting small in an #IRA with #BeCS :

Sold VXX MAR 17 2017 30.0/40.0 Bear call spreads @ 1.20

SPX calls closed

#SPXcampaign Bought to close $SPX Jan 6th 2300/2325 call spreads for .20. Sold for 3.65 on Dec 9th.

Futures Day Trade

#futures
Sold 5 /ym ( dow e-mini’s ) at the 19750 level ( 61% fib retracement), closed the trade at the 19730, near the established low of the morning..for a nice 20 point gain..

THC

Had a small position in UHC that did pretty good. Looking for some cheaper heath care now. Old high school buddy is a big shot with these guys up in Chicago** (I’m in the wrong business!) so I’ll give it a shot.

Sold THC FEB 17 2017 16.0/13.0 Bull put spreads @ 1.35

Worse case scenario I get the stock at 1.65 above wherever it happens to be trading at expiration.

** I have no insider info at all.

SPX Trade

#spx

STO 2 Feb 03 2300/2380 Call Credit Spread (BECS) @ 7.63

SVXY

STO June 55 puts @3.80, followed Iceman.

SVXY…go team!

Looks like taking one for the team is working so far….gonna roll ‘er and give it some more time.

Rolled this week’s 100 put out to Jan monthly 100 put @ 2.00 credit. Total credit now 6.10 so slightly underwater so far.

$SVXY #ShortPuts #OptionLadder – added…

$SVXY #ShortPuts #OptionLadder – added more short puts
Sold SVXY Feb 17 2017 55.0 Puts @ 0.80
Sold SVXY Mar 17 2017 55.0 Puts @ 1.65
Sold SVXY Jun 16 2017 55.0 Puts @ 3.80

$SVXY #ShortCalls #Rollup – Bought…

$SVXY #ShortCalls #Rollup – Bought to close SVXY Dec 30 2016 86 Calls / Sold SVXY Jan 27 2017 92.5 Calls @ 0.10 Credit.
Earned all of the strike 86 time premium and pushed the strike up to an at the money strike.

$DUST #ShortPuts – Some small…

$DUST #ShortPuts – Some small trades in an IRA account that is also short NUGT Puts
Sold DUST JAN 20 2017 30.0 Puts @ 0.90
Sold 1 DUST JAN 27 2017 30.0 Put @ 1.25
Sold 1 DUST FEB 17 2017 25.0 Put @ 1.10
Sold 1 DUST JAN 19 2018 25.0 Put @ 8.75 – this was an off the wall trade that could be a big winner

$DUST #ShortPuts – I’m forced…

$DUST #ShortPuts – I’m forced to roll some puts that I was too aggressive with (partially covered with short stock)
Bought to close DUST Dec 30 2016 49.0 Puts / Sold DUST Jan 13 2017 43.0 Puts @ 0.88 Credit.
I feel pretty good about the new position plus I have more cash in my account.

$NUGT #CoveredCalls – got a…

$NUGT #CoveredCalls – got a nice chance to sell next week’s calls when the stock hit 9.
Only 4 trading days next week.
Sold NUGT Jan 6 2017 10.5 Calls @ 0.15
Sold NUGT Jan 6 2017 11.0 Calls @ 0.10
Sold NUGT Jan 6 2017 12.0 Calls @ 0.05

$DUST #ShortPuts – with the…

$DUST #ShortPuts – with the stock hovering just above 40 I sold all these this morning.
Sold DUST JAN 6 2017 35.0 Puts @ 0.50
Sold DUST JAN 13 2017 30.0 Puts @ 0.40
Sold DUST JAN 20 2017 25.0 Puts @ 0.30
Sold DUST JAN 20 2017 30.0 Puts @ 0.90
Sold DUST JAN 27 2017 25.0 Puts @ 0.60
Sold DUST JAN 27 2017 30.0 Puts @ 1.25
Sold DUST FEB 17 2017 25.0 Puts @ 1.40

$SVXY #ShortPuts – I plan…

$SVXY #ShortPuts – I plan on liquidating all my long SVXY today in a year end Tax trade(LT Capital Gain).
Aggressively selling puts to offset the short calls I’m carrying out to 2019.
Sold SVXY Jan 6 2017 75.0 Puts @ 0.21
Sold SVXY Jan 13 2017 60.0 Puts @ 0.15
Sold SVXY Jan 20 2017 55.0 Puts @ 0.20
Sold SVXY Jan 20 2017 60.0 Puts @ 0.40
Sold SVXY Jan 20 2017 65.0 Puts @ 0.60
Sold SVXY Feb 17 2917 50.0 Puts @ 0.50
Sold SVXY Feb 17 2917 55.0 Puts @ 0.77
and the big kahunas ….
Sold SVXY Jun 16 2017 55.0 Puts @ 3.70
Sold SVXY Jan 19 2018 40.0 Puts @ 3.80
Sold SVXY Jan 19 2018 55.0 Puts @ 8.40

GOOGL calls

STO January 6, 810 calls @2.25 to replace the 810 calls that will expire today.

SPX calls closed

#SPXcampaign Bought to close $SPX Jan 13th 2340/2365 call spreads for .20. Sold for 1.55 on Dec 12th.

AMZN calls

STO January 6, 770 calls @3.80

It looks like my 770 calls that expire today will go out @0.00

SPX calls sold

#SPXcampaign Sold to Open $SPX Jan 27th 2325/2350 call spreads for 1.50, with SPX at 2243.

AMZN

#CoveredCalls – Another week gone by…

Bought to Close AMZN DEC 30 2016 775.0 Call @ .08 (sold for 4.10)
Sold AMZN JAN 6 2017 770.0 Call @ 4.53

IBB

#CoveredCalls – Replacing this week’s expiration…

Sold IBB JAN 6 2017 270.0 Call @ 1.80

#spxcampaign $SPX 1/27 2360/2335 BECS…

#spxcampaign
$SPX 1/27 2360/2335 BECS @ 1.25 Thanks Jeff
$SPX 1/9 2165/2190 BUPS @ 1.20 Thanks Jeff
$SPX 1/31 2040/2140 BUPS @ 5.20 Thanks FibWizard

#Short Puts
$SVXY 1/13 75 put @ .70 Thanks Vxxkelly

$SVXY #ShortCalls – Bought to…

$SVXY #ShortCalls – Bought to close SVXY Dec 30 2016 95.0 Calls @ 0.05.
Not willing to risk a late day VIX collapse.
Finally made some good money on some SVXY Call sales.

SPX calls sold

#SPXcampaign Sold to Open $SPX Jan 13th 2280/2305 call spreads for 4.70. An aggressive roll completing the replacement of the ITM position from Jan 3rd.