$UVXY #CoveredCalls – Sold UVXY Jan 13 2017 10.0 Calls @ 0.31.
If UVXY does make a 27% run to 10, SVXY will have dropped under 85. That will help me more than any UVXY move would hurt me.
Monthly Archives: December 2016
#shortputs $YELP STO 12/30/ 39.00…
#shortputs
$YELP STO 12/30/ 39.00 P @ .50 with $YELP @ 39.32
$UVXY #ShortCalls #VXXGame – there…
$UVXY #ShortCalls #VXXGame – there was really no need to cover these because they would have expired. But I actually need more gains in this tax year and it was a large position.
Bought to close 70 UVXY JAN 20 2017 60.0 Calls @ 0.01 (no commission).
Originally Sold between Sept and Nov 2016 at an average of 1.25.
#shortputs $TSLA 1/20 190/200 BUPS…
$TSLA 1/20 190/200 BUPS @ 1.10 when $TSLA trading @ 218.17
#Long calls
$YELP 01/20/2017 40.00 C @ 1.60 when $YELP @ 39.91
$AMZN 1/20/2017 775 calls @ 18.00 when $AMZN @ 776.10
$SPY iron butterfly consideration… Looking…
$SPY iron butterfly consideration…
Looking at $SPY iron butterfly for Friday expiration. Looks rather rangebound around this 225 or 226 area.
Looking at 223/225/227 for 1.30 credit…risking 0.70
Also, considering 224/226/228 for 1.23 credit…risking 0.77
Any thoughts or concerns here. $SPY currently at 225.54.
SPX puts sold
#SPXcampaign Sold to Open $SPX Jan 27th 2150/2125 put spreads for 1.45, with SPX at 2262.
#shortputs $AMD STO 1/20/2017 11.50…
#shortputs
$AMD STO 1/20/2017 11.50 put @ .60 with $AMD @ 12.02
$YELP STO 01/20/2017 38.00 P @ .80 with $YELP @ 40.15
#shortputs $AET STO 1/20 115/120…
#shortputs
$AET STO 1/20 115/120 BUPS @ .95 with $AET @ 126
#Covered calls
$REGN 12/30/2016 390.00 C @ 4.20
TLT
#ShortCalls – This week’s looking fairly safe (in spite of that little spike about 60 seconds after I was filled…grrr) so selling next week’s against short puts.
Sold TLT JAN 6 2017 118.0 Calls @ .69
Sold TLT JAN 6 2017 118.5 Calls @ .52
$NUGT ideas anyone? Currently holding…
$NUGT ideas anyone?
Currently holding calls, yes calls that I bought last month (not sure what possessed me to buy those calls, but I’ve got them). Have the Feb 17 8.00 calls with a cost basis of 1.57.
Still have some time to wait on this, but any ideas of selling some puts to cover this or bring in some cash while I wait?
GLD
#ShortPuts -Turning this into a full position now. Still continuing to sell the weeklies against at about a 1.5 ratio. These puts will really reduce my basis in the DITM Feb short puts.
Sold GLD FEB 17 2017 105.0 Puts @ 1.20
GOOGL
#ShortCalls – Just a little roll up while she goes sideways along the 50ma. Sold against a LEAP long call / put spread position.
Rolled GOOGL DEC 30 2016 800.0 Call to JAN 6 2017 802.5 Call @ .90 credit
SPX ITM calls closed
#SPXcampaign #ITMrolling Earlier, Bought to close $SPX Jan 3rd 2265/2290 calls spreads for 11.00. Sold for 7.95 on Dec 16th. Under a bit of margin pressure now, so will look to roll later.
/ES
#Eminis – I’ll be short an Emini after Friday. Already been selling puts against it to raise the basis. Since I don’t really have a lot to hedge it’s becoming more of a stand alone position. Rolling up a short put for nice credit while still leaving some downside protection.
Rolled /ES FEB 17 (Wk3) 2100 PUT up to 2200 @ 11.50 credit.
Basis in the Emini will now be 2230.
#dogfood I’m told the price…
I’m told the price of dogfood will be going up because of some kind of mold that grows on corn that isn’t acceptable in the dog food world, but is acceptable in the human food world-apparently because of the way the two categories are processed. I cannot confirm or deny this story, came from a grain farmer–and it sounds good.
I’ll see if I can sell some puts on ticker ALPO
#coveredcalls TWTR sold Jan. 20…
#coveredcalls
TWTR sold Jan. 20 18 calls for .30
Hedging NFLX
Sold $NFLX Feb 17 160 calls @ 1.15. Selling these against some short puts I have in Feb.
RH
#CoveredCalls – Getting a jump on next week for lack of anything better to do…
Sold RH JAN 6 2017 32.0 Calls @ .50
$DUST closed Had Jan 20…
$DUST closed
Had Jan 20 85/90 call spread for 1.05 credit.
BTC for 0.50. So, about 50% profit after commissions.
Getting out of $DUST as who knows what can happen after the New Year. Will wait and see if another bounce.
#spxcampaign Following Jeff Closing early…
#spxcampaign
Following Jeff Closing early
$SPX 1/6 2135/2160 BUPS @ 89% profit
Thanks Jeff for idea
#rolling UVXY rolled Dec. 30…
#rolling
UVXY
rolled Dec. 30 10 puts to Jan. 20 for a credit of .41.
#coveredcalls FB-sold a Jan. 20…
#coveredcalls
FB-sold a Jan. 20 120 call for 1.42( a little early), bringing my cost basis of this #earnings trade that went bad down below 117, cost basis after earnings was 120.
SPX puts closed this morning…
SPX puts closed this morning
#SPXcampaign BUPS – Bought to close $SPX 28 Dec 2270/2245 for 3.30 Sold for 7.25 on Dec 21th.
Only 1 day left and did not want to get trapped. So got out with 54% + First go at #SPX nice start
will continue …..thanks Jeff :-))
$SPX roll. Had Dec 30…
$SPX roll.
Had Dec 30 2280/2290 originally looked untouchable. Decided to go ahead and roll it.
Rolled to Jan 6 and widened the spread to 2290/2305 for additional 0.40 credit.
Expecting pullback after Jan 1, but still watching. May have to roll again.
Not exactly like @jeff, but can’t take any more big hits like I have this month.
Merry Christmas and Happy Hanukkah &…
Merry Christmas and Happy Hanukkah & Good Health to all
SPX puts closed this morning
#SPXcampaign Bought to close $SPX Jan 3rd 2190/2165 for .20. Sold for 1.40 on Dec 16th.
Bought to close $SPX Jan 6th 2160/2135 put spreads for .20. Sold for 1.40 on Dec 12th.
VIX Indicator and SPX Chart have been updated
Hope everyone is having a marvelous holiday!
https://optionsbistro.com/wp-content/uploads/2016/12/spx_position_chart_12_23_16.xlsx
Merry Christmas and Happy Hanukkah
Merry Christmas and Happy Hanukkah to all.
May all your wishes and desires be fulfilled in the coming year.
And may God grant you and your families a healthy and prosperous New Year.
Expiration
#spxcampaign
$SPX 2070/2090 BUPS
#shortputs
$AAPL 113 put
$LVS 55 put
#Sell Premium
$CLVS 30/40 BUPS @ 1.60
#OptionsExpiration for Dec 23 Expiring:…
#OptionsExpiration for Dec 23
Expiring:
$CYBR 12/23/2016 55 calls (covered)
$DUST 12/23/2016 80 calls
$DUST 12/23/2016 85 calls
$UVXY 12/23/2016 30.50 calls
Assignments:
$DVN 12/23/2016 42 calls (stock being called away)
Happy holidays everyone!
OptionsExpiration
#optionsexpiration
$SVXY $60 puts
$SVXY $65 puts
$SVXY $68 puts
$SVXY $70 puts
$UVXY $22 calls
$VXX $34 calls
$VXX $39 calls
Unless something unexpected happens, I’ll be about 95% cash after next weeks expiration.
Have a great holiday everyone.
Options Expiration 12/23/16
#OptionsExpiration #SPXcampaign #ShortStrangles #ShortCalls #Earnings #ContangoETFs
— Expiring —
DUST 80 call
REGN 347.5/400 strangle
SPX 2225/2200 put spreads
Have a wonderful Christmas everyone!
#OptionsExpiration #Weeklys #Dec23 – Another…
#OptionsExpiration #Weeklys #Dec23 – Another decent week as volatility remained low, Gold miners behaved, and many positions expired. A couple of assignments at nice gains to raise even more cash.
One final weekly expiration remains in this tax year.
Merry Christmas and happy holidays to all forum members.
— Expirations —
CF (Weekly) Dec 23 2016 31 Calls (Covered)
CF (Weekly) Dec 23 2016 35 Calls (Covered)
CVS (Weekly) Dec 23 2016 80 Calls (Covered)
DUST (Weekly) Dec 23 2016 30 Puts
DUST (Weekly) Dec 23 2016 85 Calls
ILMN (Weekly) Dec 23 2016 110 Puts
SDRL (Weekly) Dec 23 2016 4 Calls (Covered)
SVXY (Weekly) Dec 23 2016 62 Puts
SVXY (Weekly) Dec 23 2016 63 Puts
UAA (Weekly) Dec 23 2016 35 Calls
UVXY (Weekly) Dec 23 2016 18.5 Calls (Covered)
UVXY (Weekly) Dec 23 2016 19 Calls (Covered)
UVXY (Weekly) Dec 23 2016 19.5 Calls (Covered)
UVXY (Weekly) Dec 23 2016 20 Calls (Covered)
UVXY (Weekly) Dec 23 2016 20.5 Calls (Covered)
UVXY (Weekly) Dec 23 2016 25 Calls
UVXY (Weekly) Dec 23 2016 30 Calls
UVXY (Weekly) Dec 23 2016 30.5 Calls
UVXY (Weekly) Dec 23 2016 35 Calls
— Assignments —
CVS (Weekly) Dec 23 2016 78 Calls (Covered)
SVXY (Weekly) Dec 23 2016 95 Calls (Covered)
Happy holidays
Unless there is a black swan event in the next 27 minutes, it is over for the day. Have nice weekend and see you on Tuesday.
REGN roll
#ShortStrangles #Rolling #Earnings
STO REGN Jan 13th 350/405 strangle for 6.40. Replacing strangle that expires today.
DUST roll
#ContangoETFs #ShortCalls #rolling
BTC DUST Dec 30th 70 call for 1.80. Sold for 2.00 on 12/14
STO DUST Jan 13th 84 call for 2.00
$SVXY #ShortPuts #VXXGame – as…
$SVXY #ShortPuts #VXXGame – as has been noted here earlier, put premiums are scarce in SVXY.
I’ve rolled some short calls out to June and next two Januarys over the last few days so I’m going to sell some put positions since they cost me nothing in margin terms. I welcome the chance to sell more at higher prices.
Sold SVXY JAN 20 2017 55.0 Puts @ 0.20
Sold SVXY JUN 16 2017 39.0 Puts @ 1.28
Sold SVXY JAN 18 2019 20.0 Puts @ 2.00
SPX extra put spread sold
#SPXcampaign. Sold to Open $SPX Jan 6th 2225/2200 put spreads for 2.40.
$SVXY #ShortCalls #Rollup – another…
$SVXY #ShortCalls #Rollup – another week, another roll. This is getting tiresome.
Bought to close SVXY Dec 23 2016 85.0 Calls/Sold SVXY Jan 27 2016 90.0 Calls @ 0.60 Credit
Happy Holidays to ALL
Happy Holidays to ALL
SVXY
BTC in my IRA, I decided to take these off 4 weeks early to free up capital.
January 20, 40 puts @0.05
January 20, 45 puts @0.05
Happy & Healthy Holidays to…
Happy & Healthy Holidays to all
Merry Christmas from NC! Thank you all for graciously sharing your knowledge this year. Thank you Jeff for sharing your vision and time and all your hard work. May all of your families be blessed! Ben
Merry Christmas
Merry Christmas
Merry Christmas, Happy Holidays to…
Merry Christmas, Happy Holidays to all…thanks Jeff for all your work.
Travel safely…
Merry Christmas & A Happy…
Merry Christmas & A Happy New Year & May you all make a lot of money in 2017! Many thanks, Jeff, for this room.
Merry Christmas Thank you to…
Merry Christmas
Thank you to all members, have a safe and peaceful Holiday.
Special thank you to Jeff for creating “Option Bistro” and the continued hard work you put into the site.
#Markets #Options #Weeklys – two…
Merry Christmas
#Peace on Earth
And to all A Merry Christmas
and
A Healthy Prosperous 2017
Thanks to all who’s company I enjoy
Happy Holidays…
happy Holidays to all of you…its been a decent year of trading for me..I hope everyone had a good year, and hope 2017 is a better one…I passed my Level-1 CMT in October, so things are going well…Be safe and stay warm…
Cheers,
The Wiz
#earlyassignment Yikes IWM I’m now…
Yikes IWM I’m now short 200 shares from Jan. 20 expiry at 118.
Put spread foiled
#SPXcampaign Bought to close $SPX Dec 28th 2270/2245 put spread for 10.00. Sold for 7.00 on Tuesday. Couldn’t hang with this one… I am still bullish for next week, but the market has shown too much weakness to risk a max loss on this one.
GOOGL, Fuzzball trade
It looks like my 815 calls sold at 4.10 will expire at zero today so I rolled down and sold the December 30, 810 calls @4.20 against my 2019 650 call position.
#CreditSpread STO TWTR Jan17 15.5/13…
#CreditSpread STO TWTR Jan17 15.5/13 sold for $0.34 when TWTR @16.40. Current price seems have good support and bounced few times.
SPX ITM roll
#SPXcampaign. Bought to close $SPX Dec 30th 2250/2275 call spread for 12.90. Sold for 12.15 on Dec 16th.
Rolled: Sold to Open $SPX Jan 6th 2260/2285 call spreads for 9.85.
Will add another small spread to make up the 3.05 difference.
SPX calls sold
#SPXcampaign Sold to open $SPX Jan 19th 2330/2355 call spreads for 1.60, with SPX at 2260.
You knew it was coming!
http://seekingalpha.com/news/3232314-proshares-announces-splits-reverse-splits-13-levered-etfs?uprof=44&utoken=490e5ae65ccda0b61ca0c778144f4dd1#email_link
$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 