#earnings on Dec. 8, RH sold a 32/45 strangle for 90, was assigned, sold the shares this morning for 31.85
Monthly Archives: December 2016
$DUST #ShortCalls – Sold DUST…
$DUST #ShortCalls – Sold DUST Dec 16 2016 70.0 Calls @ 0.65. I hit the overnight bid price. I’m amazed it is trading this high with 5 days to go.
$OPHT – from $40 to…
$OPHT – from $40 to $6 – why I’m not a fan of biotech stocks
$ESV #CoveredCalls – Sold ESV…
$ESV #CoveredCalls – Sold ESV Jan 20 2017 14.0 Calls @ 0.20 with the stock at 11.99.
Oil Drillers in general are on fire this morning
Econ Calendar for week of Dec 12
It’s another FOMC Wednesday this week!
SPX heavy #SPXcampaign Jeff, reference…
SPX heavy
#SPXcampaign Jeff, reference your Friday posting, would appreciate if time allows you would post your SPX rolls. Very rough week and also very short with call spreads, trying to hang on for the inevitable pullback.
#earnings@Jeff $AVGO 162.50 puts expired…
#earnings@Jeff
$AVGO 162.50 puts expired
#spxcampaign
Closed a few hours early
$SPX 12/9 2260/2235 @ 60% of total loss. A little late and a lot luck
Repeat: Pay attention to dates. Optimism is not a strategy.
Have a great weekend.
$UPRO
BTC my Dec 16 75/81 BeCS for $3.55 net loss/share. Why wait another week to see if it expands from $5.50 to close to the full $6 value.
$SVXY
Rolled Dec 16 $70 calls to Dec 09 $70 calls, accidently selected debit, not credit for 0.25. Unloaded shares today and closed profitable, due to call premium of $11.45, position.
Options Expiration for Dec 9
None this week, but closed some spreads earlier in the week as posted.
$RH – placed an RH Jan 20 27.50 at .75 order which expired no fill. Noticed after close underlying dipped to 30.53 now trading at 31.30…see what next week brings. Keeping cash on hand for FOMC next week.
Have a great weekend.
(33 degrees, ice melting somewhat)
#OptionsExpiration #Weeklys #Dec9 Fairly light…
#OptionsExpiration #Weeklys #Dec9
Fairly light expiration this week. First time in month’s that I didn’t have any $UVXY calls expiring.
$CME $110 put
$SVXY $50 puts
$SVXY $65 puts
$SVXY $67.5 puts
$SVXY $70 puts
$VXX $60 calls
Have a great weekend everyone.
#OptionsExpiration for Dec 9 Expiring:…
#OptionsExpiration for Dec 9
Expiring:
$DUST 12/09/2016 60.00 calls
$NUGT 12/09/2016 24.00 calls
$UVXY 12/09/2016 30.50 calls
No assignments this week.
#OptionsExpiration #Weeklys #Dec9 – a…
#OptionsExpiration #Weeklys #Dec9 – a decent expiration with lots of covered calls expiring and several being assigned with nice stock profits.
The Monthly expiration for next week is the big one on the horizon.
— Expirations —
AVGO (Weekly) Dec 9 2016 155 Puts – earnings play
BMY (Weekly) Dec 9 2016 57.5 Calls
CVS (Weekly) Dec 9 2016 70 Puts – earnings play
DUST (Weekly) Dec 9 2016 60 Calls
ILMN (Weekly) Dec 9 2016 118 Puts – earnings play
MYL (Weekly) Dec 9 2016 42.5 Calls (Covered)
NUGT (Weekly) Dec 9 2016 7.5 Puts
NUGT (Weekly) Dec 9 2016 11 Calls (Covered)
RH (Weekly) Dec 9 2016 30 Puts – earnings play
SVXY (Weekly) Dec 9 2016 40 Puts
SVXY (Weekly) Dec 9 2016 60 Puts
SVXY (Weekly) Dec 9 2016 62 Puts
SVXY (Weekly) Dec 9 2016 68 Puts
UVXY (Weekly) Dec 9 2016 19 Calls (Covered)
UVXY (Weekly) Dec 9 2016 19.5 Calls (Covered)
UVXY (Weekly) Dec 9 2016 25.5 Calls (Covered)
UVXY (Weekly) Dec 9 2016 30.5 Calls (Covered)
— Assignments —
SVXY (Weekly) Dec 9 2016 85 Calls (Covered)
SVXY (Weekly) Dec 9 2016 90 Calls (Covered)
TWTR (Weekly) Dec 9 2016 18.5 Calls (Covered)
$CVS #ShortCalls -Bought to close…
$CVS #ShortCalls -Bought to close CVS Dec 9 2016 80.0 Calls @ 0.18 to avoid assignment.
After yesterday’s bloodbath in the stock I didn’t think I would need to buy this one back.
Still made money on the trade.
$SVXY #ShortCalls – Bought to…
$SVXY #ShortCalls – Bought to close SVXY Dec 9 2016 90.0 Calls @ 0.35 to avoid assignment.
I was forced into a market order at the close and got screwed by the market maker. I made money despite their best efforts
DUST calls
#ContangoETFs #ShortCalls Earlier, STO DUST Dec 23rd 70 calls for 1.50 and 1.80
RH earnings trade
#Earnings #ShortStrangles
BTC RH Dec 9th 32 puts for .05 to avoid possible assignment. Will let the 45 calls expire. Strangle sold yesterday for .90.
SPX heavy
#SPXcampaign Busy day, heading out of town in a few. Will post my SPX rolls this weekend. All-in-all, a rough week, and now I’m am very short this market with rolled call spreads. It will all come back to me once we have any kind of pullback.
REGN roll
#ShortPuts #StrangleRoll #ShortStrangles
BTC REGN Dec 9th 380 put for 6.55. Sold for 5.00 on Nov 28th
STO REGN Dec 23rd 347.5/400 strangle for 6.55
SVXY
Freeing up cash in an #IRA ….
Bought to Close SVXY JAN 20 2017 45.0 Put @ .30 (sold for 2.60)
$UVXY #ShortPuts #Rollout – Bought…
$UVXY #ShortPuts #Rollout – Bought to close UVXY Dec 9 2016 10.5 Puts/Sold SVXY Dec 23 2016 10 Puts @ 0.10 Credit.
$SVXY #ShortCalls #Rollup – Bought…
$SVXY #ShortCalls #Rollup – Bought to close SVXY Dec 9 2016 87 Calls/Sold SVXY Dec 16 2016 90 Calls @ 0.05 Credit.
Added 3 Points to the strike price and added only 1 week to the holding period.
Earned every bit of the time premium in the 87 calls
RH earnings
Gonna let the stock get assigned from my #Earnings strangle. Getting started on the road to recovery. This would get me out at almost even…(about a .07 loss).
Sold RH DEC 16 2016 33.0 Calls @ .68
AMZN long call diagonal
#IRA – Selling against a long 2019 position…
Bought to Close AMZN DEC 9 2016 775.0 Call @ .05 (sold for 3.67)
Sold AMZN DEC 16 2016 780.0 Call @ 4.10
$DUST #coveredcalls Well the price…
$DUST #coveredcalls
Well the price is moving strongly upward, crossing the R3 line with small pullback to same.
Rolled Dec09 53 calls to Dec 16 $56 calls for $2, $2.20 credit, this is above cost basis.
POLL test
#shortputs RH Sold Jan. 20,…
#shortputs
RH Sold Jan. 20, 27.50 put for .70
$MCO #CoveredCalls – Sold MCO…
$MCO #CoveredCalls – Sold MCO Jan 20 2017 105 Calls @ 0.71. I could get a bit more for these now.
I’m already short the Dec 105 calls but with the stock at 98.91, I expect them to expire in 5 days.
VIX call spreads
#IRA – Taking these off near max gain. Hoping Fed meeting will get me into a Jan position. These have been working every month. How long does VIX get and stay above 20 for an extended time? Especially when these are priced based on the front month future.
Bought to Close VIX DEC 21 2016 20.0/25.0 Bear call spreads @ .07 (sold for .80)
STO SPX 31 JAN 17…
STO SPX 31 JAN 17 2115/2015 BuPS @5.75
$CF #CoveredCalls #Rollup – Bought…
$CF #CoveredCalls #Rollup – Bought to close CF DEC 9 2016 30 Calls/Sold CF DEC 23 2016 31 Calls @ 0.27 Credit.
I’ve overwritten this stock position and it is currently profitable
$CVS – rebounding in a…
$CVS – rebounding in a big way from yesterday’s plunge and back above 80
Test of POLLS
AVGO earnings
#Earnings -Original sale was 167.5/172.5/177.5 iron fly @ 4.11. Skewed it to the upside but not quite enough.
Max loss was .89 so:
Bought to Close AVGO DEC 9 2016 172.5/177.5 Bear call spread @ 4.80 reducing max loss to .69
Then:
Sold AVGO DEC 9 2016 175.0 Put @ .55 reducing max loss to .14
Risk here is AVGO tanking this afternoon so we shall see. Best play would probably be to just take the original loss…LOL
This same strateegery on LULU will work if it stays above 68 today reducing max loss of 120 dollars to a 6 dollar gain.
$SVXY #ShortCalls #Rollup – Bought…
$SVXY #ShortCalls #Rollup – Bought to close SVXY Dec 9 2016 82 Calls/Sold SVXY Jan 13 2017 88 Calls @ 0.24 Credit.
Added 6 Points to the strike price and moved the breakeven price on the sale to 95.
BOIL
#IRA – Sold BOIL MAR 17 2017 20.0/25.0 Bear call spreads @ 1.40
$DUST #shortcalls #gold Roll short…
$DUST #shortcalls #gold
Roll short Dec 09 $52 calls to Dec 16 $55 calls for $1.65 credit,
Add short Dec 09 $53 Calls for $0.50 credit,
which is about R3 if that matters with this volatile security
GOOGL roll
#IRA – Breaking out above the 50 so rolling out and up…
Rolled GOOGL Dec 9th 790 call to Dec 30th 800 call @ .30 credit.
This is sold against a 2019 long position. If it turns out to be a fakeout I’ll roll it back in and down.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY DEC 30 2016 59.5 Puts @ 0.40 with the stock at 88.39
Earnings results
#Earnings #ShortStrangles #ShortPuts AVGO flies high as usual, but RH takes a bigger than normal dump. My 32 puts are on the edge. Will decide later if I have to roll or take assignment.
Ah, nothing more beautiful than…
Ah, nothing more beautiful than waking up to Portland under ice…a nice half inch, or so, of really glossy ice…took all the dents and scratches out of my red ’83 Chev pickup, the color is so brilliant now like to drive it around, show it off…oops, not going anywhere for a while.
BOIL….hello old friend
Skimming through some charts and noticed nat gas has been on a tear since the election. BOIL has nearly doubled since the election and is up well over 100 percent from it’s all time low. My theory is that this can’t last…as soon as “The Donald” starts relaxing some regulations on the coal industry while encouraging more fracking in areas that were previously off limits, I can’t see nat gas running back into the 6 or 7 range again. If it does…sell more BOIL…LOL
TDA has really jacked up the margin requirements on this for naked call selling so I’ll be looking out to the spring and selling pretty close to the money call spreads. Great bang for the buck with no margin worries. Also, leaving plenty of room to roll and add or roll and widen if needed.
https://www.bloomberg.com/news/articles/2016-12-07/arctic-chill-blasting-the-u-s-puts-4-natural-gas-within-reach?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social
SPX Iron condor
Adding to my position in a late fill.
STO 2300/2310 calls
STO 2100/2090 puts for a credit of 3.00
#longput followed from TT for…
#longput followed from TT for $5 IWM Dec 9 135/133 put spread.
$AVGO #ShortPuts #Earnings – Sold…
$AVGO #ShortPuts #Earnings – Sold AVGO DEC 9 2016 155.0 Puts @ 0.35 with the stock at 170.79.
These expire tomorrow.
$RH #ShortPuts #Earnings – Sold…
$RH #ShortPuts #Earnings – Sold RH Dec 9 2016 30.0 Puts @ 0.25 with the stock at 38.90.
These expire tomorrow.
My backyard — the Portland blizzard has begun…
Maybe I’m crazy…
#LongPut #LongPutSpread I believe that tomorrow is a good day for a slight correction, especially since the price action on the daily and weekly charts is outside the BB; so, to put my money where my mouth is: I BTO Dec 12 2225/2210 BePS for $1.15 each.
I’ll risk the cost, but if I’m right, I’ll make some money tomorrow.
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY Dec 23 2016 18.5 Calls @ 0.12 with the stock at 9.80
RH earnings
#Earnings #ShortStrangles Sold to Open $RH Dec 9th 32/45 strangles for .90. Biggest UP move: 12.7%, Biggest DOWN move: -21.2%, Average move: 7.0%. These strikes are each 16.9% OTM. RH usually moves up on earnings; it’s drop of -21,2% last June was an outlier; it’s 2nd biggest drop was only -4.3%.
SPX reverse roll
#SPXcampaign #ReverseRoll Flipped this one without changing the expiration date.
Bought to close $SPX Dec 30th 2265/2290 call spreads for 7.50. Sold for 1.55 last Friday.
Sold to Open $SPX Dec 30th 2215/2190 put spreads for 5.10, using 1.5x position size.
WYNN
#FallingKnife – ? I already have a long term position managing strangles so not adding here.
EWW puts
No sense waiting 5 weeks for a dime in an #IRA …
Bought to Close EWW JAN 20 2017 38.0 Puts @ .10 (sold for .80)
AVGO earnings
#Earnings STO Dec 9th 162.5 puts for 1.35. Biggest UP move: 14.7%, Biggest DOWN move: -2.2%, Average move: 6.2%. This trade is -5.0% OTM. Trade is bullish since it almost always goes up on earning, and if not it only goes a little bit down.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Dec 23 2016 63.0 Puts @ 0.35 with the stock at 86.52. Seems to be a fairly safe two week bet.
#coveredcalls UVXY buy/write Dec. 16…
#coveredcalls UVXY buy/write Dec. 16 10 covered call, .81 for the call
$SVXY
Followed modified Iceman and Ramie trade: STO Jan 19 $70 puts for $3.20, I also have a short $100 call opened yesterday.
$EWW
@fuzzballl trade continues to work.
SVXY puts
Following Iceman from Tuesday. Sold $SVXY Dec 16 68 puts @ .30.
$SVXY
#VXXGame
Nibbled a little this morning with $SVXY pulling back.
STO Dec 30 $65 puts @ $0.70
STO Jan 6 $65 puts @ $1.05
STO Jan 13 $65 put @ $1.35
Pretty short term and small. Will add if premiums improve.
SPX/VIX Divergance
Since 1990, the Vix and SPX have moved together upward for a 2 day run, 82 times..The resulting Mkt moves are about 50-50 for direction…
ESRX
#FallingKnife – ?
SVXY covered calls
#CoveredCalls – Rolling out but not up. Surprised me when this filled since I left this morning it was trading for about 40 cents.
Rolled Dec 16th 74.5 calls to Dec 30th 74.5 @ 1.00 credit.
Gradually picking up a few more dollars while keeping plenty of downside protection.
$CF #CoveredCalls – Sold CF…
$CF #CoveredCalls – Sold CF JAN 13 2017 35.0 Calls @ 0.33. Overwriting stock with a cost of 32.50
$CVS #ShortPuts – Sold CVS…
$CVS #ShortPuts – Sold CVS Dec 30 2016 75.0 Puts @ 0.35 with the stock at 80.08. Paired with short Calls.
The stock has collapsed since the trade so they could be sold much higher now.
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY Dec 16 2016 15.5 Calls @ 0.12 with the stock at 9.87.
Up 50% in a week?? I don’t think so!!
$ILMN #ShortPuts #FallingKnife – Sold…
$ILMN #ShortPuts #FallingKnife – Sold 1 ILMN Jan 20 2017 100.0 Put @ 1.05
SPX calls rolled
#SPXcampaign Bought to close $SPX Dec 15th 2245/2270 call spreads for 10.10. Sold as part of a #CondorRoll for 5.15 on Nov 23rd.
Rolled: Sold to Open $SPX Dec 23rd 2200/2225/2290/2315 iron condors for 7.70, with 1.25x position size.
$VIX $VXX $SVXY $UVXY
Tagging on to what Iceman mentioned yesterday. $SPX is up actually quite nicely again today but $SVXY down $2. Given the significant contango in the VIX futures which should be driving $SVXY higher it certainly marks a divergence. If you look at a intraday chart of the $UVXY and $SPX, they are in lock step. The higher $SPX goes, the higher $UVXY goes. It seems like with the market just seemingly going straight up every day people are starting to get fearful so they are paying up for protection. That’s all I can think of.
VIX continuing to rise as SPX rises
Could it be people are so happy about profits, but also scared that it could all get destroyed quickly? Too they’re buying puts en masse?
Jeff – u r right…wrong…
Jeff – u r right…wrong strikes on the call side. SPX Jan6 2350/2375/2140/2115 for 2.10 cr. Thanks for the help.
SPX call spreads closed
#SPXcampaign
BTC Dec 23 2265/2290 call spreads @ 4.35 sold Nov 23 @ 1.40. Will wait for bullish momo to subside, or not, before rolling…
$SVXY #shortcalls #volatility rolled my…
$SVXY #shortcalls #volatility
rolled my Dec 16 70/105 call spread to naked Jan 19 $100 for $1 credit. $12 loss to make up. Other half of spread covered so will let it call away my shares.
TLT calls
#ShortCalls – Getting a jump on next week. This week’s 102.5’s appear pretty safe. Still selling against DITM puts. This could go on for years. I’ll continue lowering the basis in the puts until we see a reversal.
Sold TLT DEC 16 2016 120.5 Calls @ .61
LULU earnings
#Earnings – Yesterday sold 56/59/62 iron flies @ 2.60 risking 40 to make 260. Obviously not gonna work so:
Bought to Close LULU DEC 9 2016 59/62 Bear call spreads @ 2.95
Saved a nickel so max loss is now .35
Then:
Sold LULU DEC 9 2016 68.0 Puts @ .46
If these expire should be a scratch or slight winner after commissions.
Options Bistro 