Rolled Dec monthly 32.5 puts out to Jan monthly @ .75 credit.
Total premium received now 2.00 and also short Apr 27.5’s
Monthly Archives: December 2016
VIX Indicator and SPX Chart…
VIX Indicator and SPX Chart have been updated
$SVXY this morning I received…
$SVXY this morning I received a note from IAB that I have to liquidate my put options in my IRA account by Dec 23. Having to do with restrictions on limited partnerships. Is IAB the only that does that?
DUST roll
#ContangoETFs #Rolling #ShortCalls
BTC DUST Dec 16th 63 call for 5.00. Sold for 5.25 on Nov 11th.
STO DUST Jan 20th 90 call for 5.50
$DUST #coveredcalls sold stock 67.30…
$DUST #coveredcalls
sold stock 67.30 (too early) watching for one tranche 67 call expiring tomorrow. Next naked call $65 Jan 20. Worst case I expect to buy back below $67 before expiry.
Gold looks to be recovering a bit
/GC bouncing off its lows for the last 2 hours or so. Some air coming out of $DUST but watching closely. I’ll likely have to roll my 60 calls for tomorrow’s expiration. But I may dodge a bullet on the 67, 70 and 90 calls. We’ll see.
SPX Trade
STO 2 Jan 20th 2290 short calls, @ 17.25, replacing the short calls I closed at 3pm yesterday…these were sold with ES at 2262 a few mins ago..lets see which way the Descending Tria breaks out ….
AMZN fat finger
#ShortCalls #IRA -Thought I had the closing order in for a nickel….but nooooo! Oh well…sell ’em again.
Bought to Close AMZN DEC 16 2016 780.0 Call @ .42 (sold for 4.10)
Sold AMZN DEC 23 2016 782.5 Call @ 4.00
SPX calls sold
#SPXcampaign Earlier, sold to open $SPX Jan 13th 2350/2375 call spreads for 1.50, when SPX was at 2267.
IBB
#CoveredCalls – Bought to Close IBB DEC 16 2016 280.0 Call @ .05 (sold for 2.30)
Closing this now commission free as safety since I’d already sold next week’s…
#coveredcalls #earnings FB On November…
#coveredcalls #earnings FB
On November 7 I was assigned FB @ 130 from earnings. Through following examples from here I have the cost basis down to 120. Sold a Dec. 23, 120 call for 1.67.
/ES /VX
I’ve got this pairs trade (short /ES against short /VX) established now with single positions as an experiment. I’ve been in the short /ES call awhile and selling puts against it to raise basis. Just before the FED meeting I added the short /VX out in Feb. Didn’t use front month since it tends to react more violently to volatility spikes. Once Feb becomes front month I’ll probably roll it back out to a safer position…we’ll see. This should capture contango until we get a spike. Once this /VX gets slightly more profitable (up nicely already) I should be able to set a stop on it at breakeven.
So…assuming all my short /ES put positions expire and I get assigned the ITM call I’ll be sitting at:
Short /ES @ 2202.35 basis (slight loser but nice hedge)
Short Feb /VX @ 16.90 (assuming no spike this should gradually decay towards spot VIX at a grand per point)
and to further raise short /ES basis:
SOLD /ES JAN 17 (Wk3) 2180 PUT @ 10.25
TLT…same as GLD
Bought to Close TLT DEC 16 2016 120.5 Calls @ .01 (sold for .61)
Already sold next week’s…
GLD
It keeps dropping and I keep selling. Short ITM puts’ basis not quite keeping up with the drop but staying close.
Bought to Close GLD DEC 16 2016 112.0 Calls @ .01 (sold for .88)
Sell to Open GLD DEC 23 2016 108.5 Calls @ .85
#ShortCalls #ContangoETFs #Rolling $SVXY Sold…
#ShortCalls #ContangoETFs #Rolling $SVXY
Sold to open Dec 30th 93 Call @ 3.00 when $SVXY was at 90.50 on some of my remaining long stock. I was looking for $SVXY to move up to 93 before covering but the post FOMC activity led me to cover part incase $SVXY can’t make it up to 93.
Rolled a Dec 16th 80 Call out and up to Dec 30th 87 Call for even sans fees. Originally sold for 4.00 so the 4.00 debit was a wash but gained 7 points of upside.
Have a great day all. And thanks for enlightening me to the editing secret.
$DUST #ShortCalls – Adding at…
$DUST #ShortCalls – Adding at the highest strike with the stock is at 70. Staying very small.
Sold 1 DUST Jan 6 2017 85.0 Calls @ 5.70
$SVXY #ShortCalls – Bought to…
$SVXY #ShortCalls – Bought to close SVXY Dec 16 2016 Calls @ 0.05 to release a significant amount of margin.
Originally sold for an average of 1.76
$DUST #ShortCalls – Adding at…
$DUST #ShortCalls – Adding at the highest strike with the stock is at 69.70.
Sold DUST Dec 23 2016 85.0 Calls @ 2.45
$UVXY #ShortPuts – soooooo ……..
$UVXY #ShortPuts – soooooo ….. that didn’t work but I’m getting a good roll so I’m sticking with this small speculation for a bit longer
Bought to close UVXY Dec 16 2016 10.0 Puts / Sold UVXY Dec 30 2016 9.5 Puts for a 0.14 Credit
DUST and BOIL
Learning my lesson on these low liquidity tickers and trading spreads. Had a chance yesterday morning to close DUST 55/65 spreads at a small profit but got called to work so missed it. Now I’m seeing that they are nearly impossible to roll anywhere when DITM without a dramatic increase in risk. If we don’t get a pullback today or tomorrow allowing a roll I’ll probably just eat the max loss of 8.75. About the only option is to widen it by 5 points and roll it out and down a year to about 20/35 and hope for a big gold rally.
To avoid a similar situation:
Bought to Close BOIL MAR 17 2017 20.0/25.0 Bear call spreads @ 1.14 (sold for 1.40)
With the increase in margin from TDA for naked selling, it looks like I may be done with these tickers unless it’s maybe buying some put spreads when they start imploding…
$DUST
sold buy write DUST 68.29, Dec 16 $67C for 3.59. I entered slightly lower call for $3.59 price protection. The expected ROI is 3.55%, not excessive but neither certain. My rule is 5% or more is very unlikely to exercise, if ATM weekly.
$DUST call spread Can’t sell…
$DUST call spread
Can’t sell naked calls in my account, but sold Jan 20 85/90 BeCS for 1.05.
$DUST #ShortCalls – couldn’t resist…
$DUST #ShortCalls – couldn’t resist any longer. The stock is at 67.50 and all are the highest strike.
Sold DUST Dec 23 2016 85.0 Calls @ 2.20
Sold 1 DUST Dec 30 2016 85.0 Call @ 3.20
Sold 1 DUST Jan 6 2016 85.0 Call @ 4.20
Sold 1 DUST Jan 20 2017 90.0 Call @ 5.60
SPX trades
#SPXcampaign From yesterday…
Bought to close $SPX Dec 15th 2125 short calls for .15. Closed early for margin.
Sold to Open $SPX Jan 13th 2175/2150 put spreads (standard campaign trade)
Sold to Open $SPX Jan 13th 2310/2335 call spreads for 4.00. Partial roll from 8.00 stopped spread.
Today:
Sold to Open $SPX Jan 13th 2210/2185 put spreads for 4.25. Second half of roll from 8.00 stopped spread.
Posting updated chart in a moment. Good luck following all the arrows!
Adding to Jan DUST
Sold $DUST Jan 20 90 call @ 5.00. New highest strike.
$SVXY #VXXGame I got a…
$SVXY
#VXXGame
I got a fill on this yesterday afternoon. I was a bit early as premiums got better into the close.
STO $SVXY Dec 16 $82 puts @ $0.35
$DUST
Dust is shooting up again the pre-market, after a gain >15% yesterday. It may run a while longer, so I’ll be rolling out my $55, $56 covered calls another week. I’ll roll some today and the remainder tomorrow in case there is a pullback. $64 presently.
#spxcampaign Sold Early $SPX 12/16…
#spxcampaign
Bought Back Early
$SPX 12/16 2275/2250 BECS @48% of total loss. If I were prescient and waited the loss would have been reduced by 25%.
$SPX 12/30 2050/2075 BUPS @ 88% profit
STO $SPX 1/13/2017 2105/2130 BUPS @ 1.35
$AAPL
STO 12/16 112 call (covered)
STO 12/23 113 put @ .60
SPX Call from Earlier
BTC 2 Jan 20 Short 2310 puts at close @ 9.50, sold this morning in a call spread @ 12.00, for a quick 25% gain…
while I got the sell down after the fed conf I wanted, and a close below the 2260 gap-up yesterday, and a reversal signal in my indicators, I will wait for a continuation of the reversal to sell the 2290 short calls…if it moves up a lil before it falls, thats fine also..The bottom of the 2nd Gap-up window is 2245, the 38% retracement of this runup since 12/4 is 2242…if we close the window and break below the 38%, we have a potential 40 point fall zone…if not the 2285 Expansion level looms overhead…stay tuned..
DUST call
#ContangoETFs #ShortCalls STO DUST Dec 30th 70 call for 2.00.
SPX Call Spreads Sold
#spxcampaign
STO Jan 13 2345/2370 call spreads @ 1.35…come on sell side!!!
Thanks for the great conversations today, out of here, to get supplies, before another snow/ice storm hits.
DUST calls
I have no positions on in this weekly so I sold these at the highest strike available.
Sold $DUST Jan 13 75 calls @ 3.00.
#MARKET It took a little…
It took a little while, but looks like we are seeing some sell the news starting to hit the market.
SPX calls spreads stopped
#SPXcampaign Stopped the following spreads on the Fed volatility.. both a bit too early and not at the lows. I have several rolls I need to sell, and will start doing so soon at the highs and lows of the swings.
Bought to close $SPX Dec 23rd 2275/2300 call spreads for 8.75. Sold for 1.40 on Nov 25th.
Bought to close $SPX Dec 30th 2280/2305 call spreads for 8.00. Sold for 1.30 on Nov 29th.
FOMC raised 1/4 pt, sees…
FOMC raised 1/4 pt, sees 3 more in 2017…
STO VIAB DEC 34 put…
STO VIAB DEC 34 put for .55 cr
SPX Trade
STO 2 Jan 17 2310/2390 Call Spread @ 10.00 credit
EWW scraps
Taking a little more risk off. Don’t want a good trade to get away with 2 days to go.
Bought to Close EWW DEC 16 2016 45.0 Puts @ .09 (sold for 1.03)
Also collected another 2.04 in premium over the life of the strangle/naked put position. Completely out now so looking for an entry to do it again…
EBAY old earnings trade
Cleaning this up by closing it to save on exercise commissions.
Sold to close EBAY covered stock @ 27.96.
Stock was covered by 28 strike calls. Cheaper to close myself than wait for exercise even after giving up the 4 cents. Salvaged a wash on an old earnings trade after writing covered calls.
AMZN Fuzzball trade
I rolled my 780 call out to the December 23 790 call for a credit of 1.10
SPX ITM roll
#SPXcampaign Bought to close $SPX Dec 21st 2250/2275 call spreads for 14.50. Sold as part of a #CondorRoll for 11.90 on Dec 9th. Rolling to the following condor, moving call short up 10 points:
Sold to Open $SPX Dec 28th 2200/2225/2260/2285 iron condors for 15.15.
This is the #ITMroll strategy for call spreads: roll with minimum of one week left to expiration… slide your short 5 or 10 points up make up the difference by adding a put spread. I will do this again next week if the call side is still threatened.
Observations after the close
Stocks have outperformed bonds by 6.75 percentage points during the last 20 trading days.
The S&P 500 is 5.33% above its 125-day average.
During the last five trading days, volume in put options has lagged volume in call options by 44.33% as investors make bullish bets in their portfolios.
The Fear/Greed Indicator is at 88, indicating Extreme Greed and High Risk…
SPX is up nearly 70 points since the reversal on 12/5….
Trade safely
VIX Indicator and SPX Chart have been updated
My SPX trades got hairy last week. I cling on waiting for the pullback.
#shortputs $LVS 12/23 55 put…
#shortputs
$LVS 12/23 55 put @ .60
$SVXY 1/13/2017 60 put @ .75
#BECS
$NFLX 1/20/2017 150/140 BECS @ 1.20
#spxcampaign
$SPX 1/13/2017 2365/2340 BECS @ 1.40
Is the snow blowing in a different direction? (Not a poll question :-})
SPX Exit
BTC Dec 23 $2110/@$2010 BuPS’s @ $0.40, sold for $3.55. Close enough to 90% gain.
Followed @fibwizard on this one except went with Dec 23 instead of Dec 30.
Will look to enter a Dec 30 $SPX trade tomorrow after the FMOC announcement and I see how the market reacts.
$VIX /VX $SVXY $UVXY -…
$VIX /VX $SVXY $UVXY – the vix rally looks to be over for today as we have retraced to mid-morning levels. Couldn’t get any options to trade at my limits 😦
SPX calls stopped
#SPXcampaign Bought to close $SPX Dec 23rd 2290/2315 call spreads for 6.30. Sold as part of an iron condor for 7.70 last Thursday. Provided the 2225/2200 put spread survives, this #CondorRoll will profit. But it was a roll to begin with so the net position is still underwater. Will look to sell a roll at a later date; to difficult at these levels to sell a roll… while we are extremely overbought, the SPX won’t stop going up, and I do not want to sell more call spreads to only have to stop them in a few days. Selling puts is too difficult with the index so high. If we get any pullback this week I will be stopping some more call spreads and selling put spreads.
#Market Wow, S&P up 20….
Wow, S&P up 20. Bulls are flipping the bird to the FED today. We’ll see who is flipping the bird tomorrow. $VIX up with the market, people are buying puts.
Another SPX Exit
December 5th BTO 2 Jan 06 2350 Long Calls @ 0.50
December 13th STC 2 Jan 06 2350 Long Calls @ 2.40
SPX Iron condor
Took my 2300/2310 and 2100/2090 condor off for a loss of 2.05. This market is too strong for me to play the short side right now.
#ironbutterfly LLY On Nov. 4,…
#ironbutterfly LLY
On Nov. 4, sold a Dec. 16 60/72.50/72.50/82.50 fly closed today, made 230. Really need patience with these things, like most premium selling.
SPX calls stopped
#SPXcampaign Bought to close $SPX Jan 6th 2280/2305 call spreads for 10.40. Sold last week for 1.40. I’m waiting to roll this as I do not believe we are finished going higher.
A few trades for margin gains
#ShortPuts #LongStock #CoveredCalls
STC $FB stock for 121.00. Sold partial position from assignment in October
BTC $FB Dec 16th 115 puts for .08. Sold for 1.64 on Nov 2nd
BTC $REGN Dec 16th 362.5 put for .50. Sold for 7.60 on Dec 2nd
STO $RGLD Jan 20th 75 covered call for 1.25
SPX Trade Exit
December 5th Sell 2 Dec 30 2150 puts at $4.70 Credit(940.00)
december 13th buy 2 Dec 30 2150 puts at $2.00 Debit( 400.00)
gain 57%
SPX puts closed
#SPXcampaign Bought to close $SPX Dec 30th 2080/2055 put spreads for .20. Sold for 1.30 on Nov 28th. Also, working on stopping a call spread with a 2280 short.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Jan 20 2017 55.0 Puts @ 0.70 with the stock at 88.36.
This is an initial position for this contract. I will add aggressively if the price rises.
$NUGT synthetic covered calls
STO Jan 20 10.00 calls @ 0.60 to cover Feb 17 8.00 calls that I’m long. Lowering cost basis and if called in Jan then still a decent profit. Have only held the Feb calls for a week. If not called, then I’ll cover again for Feb.
Market Divergence
#Market NDX up 1.5% and moving…. SPX peaked but now dropping… RUT peaked and now negative.
Financials down, Gold down.
And VIX up slightly.
Is tech coming back?
#VXXGame – I’m hoping today’s…
#VXXGame – I’m hoping today’s peak of 13.14 is not all we get before the Fed meeting announcement.
I need a much higher VIX to get positioned for next year.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Jan 13 2017 60.0 Puts @ 0.75 with the stock at 88.20.
This is an initial position for this weekly contract. I will add aggressively if the price rises.
$GILD #CoveredCalls – Sold GILD…
$GILD #CoveredCalls – Sold GILD JAN 20 2017 85.0 Calls @ 0.26
#spxcampaign $SPX 1/6/2017 2135/2160 BUPS…
#spxcampaign
$SPX 1/6/2017 2135/2160 BUPS @1.60 Thanks Jeff
#VXX Game
$SVXY 12/16 80 puts @ .50
#Closed Early
$AMZN 12/16 690/700 BUPS @ 96% Profit
SVXY….book ’em
Just in case something crazy happens…
Bought to Close SVXY DEC 16 2016 65.0 Put @ .05 (sold for 1.05)
Bought to Close SVXY DEC 16 2016 80.0 Put @ .50 (sold for 3.20)
Afternoon all. #contangoetfs #svxy sold…
Afternoon all. #contangoetfs #svxy sold an initial Dec 30th 75 Put @ 1.15 when $SVXY hit 89.00 this morning.
SPX puts sold
#SPXcampaign Sold to Open $SPX Jan 13th 2130/2105 put spreads for 1.30, with SPX at 2254.
SPX mid week spread
#SPXcampaign STO Dec 14 2220/2215 bull put spreads @ .25 SPX at 2254
SPX spread
STO January 20, 2350/2375 bear call spread for 1.30
GOOGL A fuzzball trade
BTO 2019 650 calls @219
STO 2019 500 puts @17.00
STO December 16, 815 calls @4.10
EWW puts closed
BTC $EWW Jan 20 41 puts @.20 sold on Nov 18 @ 1.18. Closing for 83% profit with 39 DTE remaining.
SPX puts sold
#SPXcampaign Sold to open $SPX Jan 6th 2160/2135 put spreads for 1.40, with SPX at 2257. This trade is for last week’s campaign. This week I’m selling Jan 13th spreads.
$RH #ShortCalls #FallingKnife – Sold…
$RH #ShortPuts #FallingKnife – Sold RH JAN 20 2017 27.5 Puts @ 0.85 with the stock at 30.89
Good Morning
Good Morning
SPX calls sold
#SPXcampaign Sold to Open $SPX Jan 13th 2340/2365 call spreads for 1.55, with SPX at 2262.
SPX Friday trades
#SPXcampaign #Rolling #CondorRoll $SPX
Bought to close Dec 15th 2250/2275 call spreads for 10.30.
Rolled to: Dec 23rd 2185/2210/2260/2285 iron condors for 10.65
Bought to close $SPXPM Dec 16th 2240/2265 call spreads for 15.10
Rolled to: $SPX Dec 21st 2205/2230/2250/2275 iron condors for 15.15
The above spreads are already ITM today… I will roll them at a minimum of one week before expiration. This next roll was caused by mistakenly closing a spread on Thursday, which turned out to work in my favor as I was able to replace it with a higher spread:
Bought to close Jan 6th 2290/2315 call spreads for 3.60 (Thursday)
Sold to open Jan 6th 2300/2325 call spreads for 3.65 (Friday)
Also Friday:
Bought to close Dec 23rd 2095/2070 put spreads for .20
Bought to close Dec 30th 2060/2035 put spreads for .20
Worst of all, expiring with MAX loss was Dec 9th 2225/2250 call spreads; something you never want to have happen, but a face-ripping rally combined with too much time needed away from my desk led to this. I will look to be selling aggressive rolls when the upside momentum shows clear signs of slowing (or reversing).
Let me know however I can help with your trades or rolls.
$VXX #VXXGame
$VXX #VXXGame
STO $VXX Dec 16 $28 calls @ $0.31 Expire in this week, easy to roll if need be.
Options Bistro 