#shortcalls
$SWN 1/20/2017 11 calls @ .60 (Covered call)
#SPX Campaign
$SPX 1/11/2017 2200/2225 BUPS @ 3.00
$SPX 1/20/2017 2365/2340 BECS @ 1.60
Closed Early for .05
$SVXY 1/20/2017 45 put
Monthly Archives: December 2016
Options Expiration 12/21/16
#OptionsExpiration #SPXcampaign
Expired: $SPX Dec 21st 2230/2205 put spreads. Sold for 3.25 on Dec 9th.
#OptionsExpiration A rare mid-week expiration…
A rare mid-week expiration for me.
$VIX $19 calls
SVXY…for the team!
#ShortPuts This should get volatilty back into the market… Lol
Sold SVXY Dec 30 2016 100 Put @ 4.10
$VIX
the VIX index dipped under 11 today. I’m not expecting it to stay this low for long.
#shortputs Twilight Zone Trade UVXY…
#shortputs
Twilight Zone Trade UVXY rolled an ITM Dec. 23 8.5 put to Jan. 20, 8 put for a .39 credit.
#earningstrade NKE Closed earnings trade…
#earningstrade
NKE Closed earnings trade which was a TT follow, made $72.
SPX ITM rolling
#SPXcampaign$SPX It is one week to expiration of my ITM Dec 28th 2260/2285 call spreads, so time to roll it.
Bought to close for 11.45
Selling the Jan 4th 2270/2295. Order in for 10.00 which should fill if we can rally back up to flat-on-day. Will then add an additional spread for around 1.45.
SVXY
#ShortPuts – Bought to Close SVXY DEC 23 2016 85.0 Put @ .05 (sold for 2.27)
SPX ATM put spread sold
#SPXcampaign #ReverseRoll Sold to Open $SPX Dec 28th 2270/2245 put spreads for 7.00. This is more #Rolling to make up for stopped call spreads, and also offsets three ATM/ITM call spreads I have now. I believe the push to Dow 20,000 will keep us moving up into January, and then we’ll see some pullback.
SPX puts sold
#SPXcampaign Sold to Open $SPX Jan 19th 2175/2150 put spreads for 1.45, with SPX at 2270.
VIX Indicator and SPX Chart have been updated
For the SPX chart, this time I uploaded an excel file. It will download to your computer, and you can open it as Read-only.
https://optionsbistro.com/wp-content/uploads/2016/12/spx_position_chart_12_20_16.xlsx
SPX Trade
Dec 12 Sell 1 Jan 13 2150 put $6.60 $659.00
Dec 20 Buy 1 Jan 13 2150 put -$2.50 -$250.00 gain @ 61%
Dec 20 sell 1 jan 13 2200 put $5.70 $570.00
something to do while the mkt plays in the sandbox…
#earningstrade #tastytradefollow NKE bought 51.50…
#earningstrade #tastytradefollow
NKE bought 51.50 call spread, sold 51.50/45 put spread for a credit of .19 earnings tonight, Dec. 23 expiration.
#shortputs SVXY closed Jan. 20…
#shortputs
SVXY closed Jan. 20 short puts 25,40,55
Short puts CDK
STO February 55 puts @1.10 on a stock making a new high.
DUST roll
#ContangoETFs #ShortCalls #Rolling.
BTC DUST Dec 23rd 70 calls for 4.80 and 3.00. Sold for 1.60.
STO DUST Feb 17th 107 call for 5.40.
STO DUST Jan 27th 107 call for 3.00
TLT
#ShortCalls – Still selling short calls on the drop. Gotta find a bottom somewhere…maybe
Sold DEC 30 2016 118.5 Calls @ .52
#IronCondor I have one in…
#IronCondor I have one in TLT 115/117/125/127 exp 12/30, sold at .56 end of Nov. It has a small risk but the short put at 117 has been under pressure. Just buying back doesn’t get a fill, so I was thinking to close the short put which i can buy back for a loss of some 20 cents and let expire the rest. I should end up making some money, am i correct and have you done this before with some success?
Closing out CMG
#Earnings #ShortPuts #ShortStrangles. These positions are rolls from a busted put sale in October. My profit from all the rolls has doubled my intended profit from the original trade, so I’m closing it all now to release margin.
BTC CMG Jan 6th 420 call for 1.20. Sold for 2.00
BTC CMG Dec 23rd 380 put for 1.60. Sold for 5.00.
BTC CMG Mar 17th 275 put for 1.43. Sold for 4.50.
SPX trades
#SPXcampaign Bought to close $SPX Dec 23rd 2210/2185 put spreads for .15. Sold for 2.25 on Dec 9th.
#CondorRoll. Sold to Open Jan 11th 2200/2225/2300/2325 iron condors for 7.25. A fairly aggressive trade on the belief we will rise more into the new year and then begin to consolidate/drop after the 1st. This is making up for stopped call spreads over the last couple weeks.
DUST call in Feb
Sold $DUST highest strike 107 call @ 6.00
VIX drop
#Markets With the small pop up in VIX from Dec 12-14, and now it’s three-day drop, it signals a good chance for another bull run. Probably Dow 20,000 today; maybe SPX 2300 by New Year’s.
#bups $AMZN STO 12/30 740/750…
#bups
$AMZN STO 12/30 740/750 BUPS @ 1.90
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
FYI: Put $FNMA and $FMCC on your watchlist?
Huffington Post http://tinyurl.com/jtsmz4f
Seeking Alpha http://tinyurl.com/gwx4spu
VIX call spreads vs XIV vs SVXY
Of course, they don’t take into account the covered call selling in SVXY but still interesting…
https://www.tastytrade.com/tt/shows/market-measures/episodes/vix-credit-spreads-vs-inverse-etfs-12-16-2016
#optionsexpiration #Selling premium $UVXY 55…
#optionsexpiration
#Selling premium
$UVXY 55 call
$SVXY 70 put
$REGN 380 call (Covered – will sell again)
$ETE 16 put
$CLF call (Covered – will sell again)
$SVXY 60 put (Double portion)
$SVXY 45 put
$SVXY 65 put
$SVXY 38 put
$SVXY 40 put
$SVXY 80 put
$SWN 11 call (Covered – will sell again)
$FB 115 Put
$BMY 55 Put
$IWM 123 Straddle Put Expired: Call was bought back for loss (Net trade – not so good)
$AMZN 710/720 BUPS
$AMZN 860/850 BECS
$GOOGL 740/750 BUPS
$GOOG 825/815 BECS
$GOOG 695/705 BUPS
$NFLX 105/115 BUPS
#Closed Early
#spxcampaign
$SPX 12/23 2300/2017 BECS @ 2.65 loss
$AMZN 12/16 720/770 BUPS @6% profit (Three days earlier profit was over 70%) :-{ 50% rule good.
#Selling Premium – Assigned
$AAPL 112 Covered call
$DVN 45 Covered call
$MUR 32.50 Covered call
$NUGT 14 Put / Basis 11 / Stock @ 5.94 (To sell calls or to get out?????)
$NUGT 18 Put / Basis 15.47 / Stock @ 5.94 (To sell calls or to get out?????)
#Selling Premium
$ETP 1/20/2017 36 calls @ .85 (Covered)
Snowed on Long Island New York.
Thanks to all who make this possible.
#OptionsExpiration for Dec monthly Expiring:…
#OptionsExpiration for Dec monthly
Expiring:
$AMZN 12/16/2016 700.00 puts
$AMZN 12/16/2016 730.00 puts
$DIA 12/16/2016 167.00 puts
$DUST 12/16/2016 70.00 calls
$DUST 12/16/2016 90.00 calls
$NKE 12/16/2016 47.50 puts
$NUGT 12/16/2016 10.00 calls
$NUGT 12/16/2016 10.20 calls
$NUGT 12/16/2016 10.40 calls
$NUGT 12/16/2016 11.00 calls
$SVXY 12/16/2016 45.00 puts
$SVXY 12/16/2016 61.00 puts
$SVXY 12/16/2016 68.00 puts
$TWLO 12/16/2016 34.00 calls (covered)
$TWTR 12/16/2016 19.00 calls (covered)
$UVXY 12/16/2016 35.00 calls
$UVXY 12/16/2016 55.00 calls
$WHR 12/16/2016 140.00 puts
$WYNN 12/16/2016 80.00 puts
Assignments (stock being called away):
$SVXY 12/16/2016 65.00 calls
$SVXY 12/16/2016 70.00 calls
$SVXY 12/16/2016 71.00 calls
$SVXY 12/16/2016 75.00 calls
$SVXY 12/16/2016 80.00 calls
Hope you all have a relaxing weekend.
#OptionsExpiration As $UVXY call premium…
#OptionsExpiration
As $UVXY call premium was drying up, I was switching over to selling $SVXY puts, so quite a few of those expiring today.
$SPY $215/$205 BuPS’s
$SVXY $40 puts
$SVXY $42 puts
$SVXY $45 puts
$SVXY $60 puts
$SVXY $62 puts
$SVXY $64 puts
$SVXY $65 puts
$SVXY $68 puts
$SVXY $70 puts
$SVXY $82 puts
$UVXY $19 calls
$UVXY $55 calls
$VXX $28 calls
$VXX $32 calls
$VXX $70 calls
Have a great weekend everyone
#VXXGame
#OptionExpiration
#OptionExpiration
Expired
SVXY Dec 16th 70 Put
SVXY Dec 16th 60 Put
Assigned
SVXY Dec 16th 85 Call
Have a great weekend and stay warm.
#OptionsExpiration #Monthlys #Dec16 – monthly…
#OptionsExpiration #Monthlys #Dec16 – monthly expirations are always big ones.
Plenty of #FallingKnife Put sales expired. $NUGT and $DUST mostly cooperated.
A Huge number pf Volatility trades rolled off ($SVXY Puts and $UVXY Calls).
Only one small put assignment in a decent stock and a large sale of SVXY generated a lot of cash and a big year end profit.
Only 2 more weekly cycles in this tax year.
— Expirations —
AGN Dec 16 2016 175 Puts
AMGN Dec 16 2016 120 Puts
AMGN Dec 16 2016 125 Puts
BMY Dec 16 2016 50 Puts
BMY Dec 16 2016 52.5 Puts
BMY Dec 16 2016 55 Puts
CF Dec 16 2016 30 Calls
CVS Dec 16 2016 69 Puts
CVS Dec 16 2016 75 Puts
CVS Dec 16 2016 80 Calls
DUST Dec 16 2016 35 Puts
DUST Dec 16 2016 70 Calls
DUST Dec 16 2016 90 Calls
ESV Dec 16 2016 6 Puts
FOSL Dec 16 2016 21 Puts
FOSL Dec 16 2016 22 Puts
FSLR Dec 16 2016 30 Puts
ILMN Dec 16 2016 115 Puts
INTC Dec 16 2016 32 Puts
MCO Dec 16 2016 105 Calls (Covered)
RCL Dec 16 2016 55 Puts
SDRL Dec 16 2016 4 Calls (Covered)
SNI Dec 16 2016 50 Puts
SPLS Dec 16 2016 7 Puts
SVXY Dec 16 2016 38 Puts
SVXY Dec 16 2016 39 Puts
SVXY Dec 16 2016 40 Puts
SVXY Dec 16 2016 40 Puts
SVXY Dec 16 2016 41 Puts
SVXY Dec 16 2016 42 Puts
SVXY Dec 16 2016 43 Puts
SVXY Dec 16 2016 44 Puts
SVXY Dec 16 2016 59 Puts
SVXY Dec 16 2016 61 Puts
SVXY Dec 16 2016 61.5 Puts
SVXY Dec 16 2016 62 Puts
SVXY Dec 16 2016 68 Puts
SVXY Dec 16 2016 95 Calls
SWN Dec 16 2016 10 Puts
SWN Dec 16 2016 13 Calls
UAA Dec 16 2016 27.5 Puts
UAA Dec 16 2016 30 Puts
ULTA Dec 16 2016 150 Puts
UVXY Dec 16 2016 15 Calls
UVXY Dec 16 2016 15.5 Calls
UVXY Dec 16 2016 19 Calls
UVXY Dec 16 2016 19.5 Calls
UVXY Dec 16 2016 20 Calls
UVXY Dec 16 2016 20.5 Calls
UVXY Dec 16 2016 21 Calls
UVXY Dec 16 2016 22 Calls
UVXY Dec 16 2016 25 Calls
UVXY Dec 16 2016 26 Calls
UVXY Dec 16 2016 27 Calls
UVXY Dec 16 2016 28 Calls
UVXY Dec 16 2016 40 Calls
UVXY Dec 16 2016 41 Calls
UVXY Dec 16 2016 55 Calls
VRSN Dec 16 2016 65 Puts
— Assignments —
SVXY Dec 16 2016 85 Calls (Covered)
TRIP Dec 16 2016 50 Puts
DUST loss
Taking Iceman’s advice and putting it in the rearview mirror. Premium received and the selling of the mirror image put spread reduced loss to 7.45. Manageable but irritating. Spreads on these illiquid underlyings just don’t cut. There’s a lot better opportunities out there so concentrating on those. Still a great year in this particular account so…onward and upward!
$SVXY #CoveredCalls #Rollup – Last…
$SVXY #CoveredCalls #Rollup – Last roll of the day
Bought to close SVXY Dec 16 2016 90 Calls/Sold SVXY Mar 17 2017 125.0 Calls @ 0.05 Credit.
Moved the strike up 35 Points and made money on the 90’s so it’s a win-win
Options Expiration 12/16/16
#OptionsExpiration #CoveredCalls #ShortCalls #ShortPuts #Earnings #ContangoETFs
–Expiring–
CMG 420 call
DUST 90 calls
NFLX 110 and 115 puts
RGLD 75 covered call
REGN
#ShortStraddle – Split the sides up and filled with a 380.0 pin. Sweet!
After various rolls:
Bought to Close REGN DEC 16 2016 380.0 Put @ .50 (sold for 2.95)
Bought to Close REGN DEC 16 2016 380.0 Call @ .45 (sold for 3.00)
#ShortStrangles – A new one for January…
Sold REGN JAN 20 2017 325.0 Put @ 2.27
Sold REGN JAN 20 2017 425.0 Call @ 3.02
Closing DUST
Bought to close $DUST Dec 16 67 calls for .70 to avoid assignment. Sold for 2.36 on 11/10.
CMG call
#Earnings #ShortStrangles #ShortCalls #Rolling
STO $CMG Jan 6th 420 call for 2.00. Replaces the 420 call expiring today, and offsets a couple short puts that are doing nicely.
Closing PANW
Taking this position off for a small profit, with the stock at 129.12 to avoid assignment.
Bought to close $PANW 12/16 130 puts @ 1.00. Sold for 1.50 on 11/22.
SPX ITM rolling
#SPXcampaign #ITMrolling #Rolling $SPX
Bought to close Dec 23rd 2245/2270 call spreads for 13.00. Sold for 9.10 on Dec 7th.
Bought to close Dec 23rd 2260/2285 call spreads for 7.90. Sold for 8.40 on Dec 9th.
Rolled total debit of 17.50 to total credit of 21.50:
Sold to Open Dec 30th 2250/2275 call spreads for 12.15
Sold to Open Jan 3rd 2265/2290 call spreads for 7.95
Sold to Open Jan 3rd 2190/2165 put spreads for 1.40
DUST roll
Rolled $DUST Dec 16 60 calls up and out to Jan 70 calls for 2.36 credit.
$SVXY #ShortCalls #Rollup – still…
$SVXY #ShortCalls #Rollup – still in the money so had to move it –
Bought to close SVXY Dec 16 2016 90 Calls/Sold SVXY Dec 30 2016 95.0 Calls @ 0.65 Credit.
Made money on the 90’s so a win-win
$NUGT #ShortPuts – Bought to…
$NUGT #ShortPuts – Bought to close NUGT Dec 16 2016 6.0 Puts @ 0.04 on a 0.05 limit to avoid possible assignment
REGN
Last position I’ve gotta watch today. After a couple rolls ended up with a 380 straddle today. LOL…maybe a pin?
$DUST #ShortCalls – Bought to…
$DUST #ShortCalls – Bought to close some of my DUST Dec 16 2016 70.0 Calls @ 0.05 for safety and margin reasons.
The rest will likely expire.
Sold these between 2.15 and 2.30.
CVS
#ShortPuts #FallingKnife – These are out to January so freeing up margin in an #IRA instead of waiting another month.
Bought to Close CVS JAN 20 2017 70.0 Puts @ .19 (sold for 1.45)
#ironbutterfly AAPL Dec. 23 110/115/115/120…
#ironbutterfly AAPL
Dec. 23 110/115/115/120 for 2.07
GS
#ShortPuts – After a couple pretty aggressive roll-ups I’m booking them. May re-sell if we get a little rollover
Bought to Close GS DEC 23 2016 225.0 Puts @ .25 (sold for 4.05)
Still short 2018 130/100 bull put spreads. Plan on holding them for quite awhile unless things get really ugly.
/ES Eminis
#Eminis – Taking a little risk off…
Bought to close /ES DEC 16 (EOM) 2170 PUT @ 2.45 (sold for 9.25)
RH
#CoveredCalls – Acquired this stock from an earnings trade. Selling next round replacing today’s expiration.
Sold RH DEC 30 2016 33.0 Calls @ .75
#Fibonacci
@fibwizard Can you email me the Joe DiNapoli Fib level trading doc? shane.mcginnis@comcast.net Thank you
Off Topic
With only 2 hours to go I hope trump does not tweet anything about China.
SPX puts closed
#SPXcampaign Bought to close $SPX Dec 23rd 2175/2150 put spreads for .20. Sold for 1.55 on Dec 7th.
#shortputs NUGT Sold Jan. 29…
#shortputs NUGT Sold Jan. 29 5 put for .45
SVXY Roll
Rolled today’s 85 covered calls out to Jan 20 90 calls for 1.50 credit.
$SVXY
#VXXGame #ShortCalls
Took the plunge. STO $SVXY Dec 23 $97 calls @ $0.40
$SVXY #VXXGame – I just…
$SVXY #VXXGame – I just noticed that they started strikes on SVXY all the way up to 175 for every expiration. That’s Crazy 🙂
$SVXY #ShortCalls #Rollup – SVXY…
$SVXY #ShortCalls #Rollup – SVXY keeps on running on Fridays.
Bought to close SVXY Dec 16 2016 83.0 Calls/ Sold SVXY Jan 20 2017 88.0 Calls @ 0.15 Credit.
Made all of the time premium on the Dec option and added 5 points to the strike price.
One of these days SVXY will pull back.
$NUGT #ShortPuts #Rollout – Rolled…
$NUGT #ShortPuts #Rollout – Rolled this small position this morning
Bought to close NUGT DEC 16 2016 7.5 Puts/ Sold NUGT JAN 13 2017 7.0 Puts @ 0.05 Net Credit.
Still waiting to see if my last position for today (strike 6’s) will need to be rolled
SPX puts closed
#SPXcampaign Bought to close $SPX Dec 23rd 2090/2065 put spreads for .30. Sold for 1.40 on Dec 6th. Forced this to close early for margin.
Options Bistro 