#spxcampaign $SPX 2/24 2125/2150 BUPS…

#spxcampaign
$SPX 2/24 2125/2150 BUPS @ 1.00

#shortputs
$BMY 2/17 46 @ .85

Rolled Down in Time Up in Price For 1.00
$CMG 3/17 275 put to $CMG 2/17 370 put

#coveredcalls
$NUGT 2/10 12.50 calls @ .25

#longput
$SBUX 3/17 55 put @ 1.34

SPX long

#SPXcampaign Bought to open $SPX Feb 13th 2330/2355 call spreads for .35 earlier. Another cheap long shot, but the kind of trade that can explode if a rally pushes through. I have the same spread expiring this coming Monday, Feb 6th, that is now unlikely to do much. I am trying for another week since both yesterday and today failed to get ugly and ended with a rally.

$UVXY

STO Feb 10 $39 calls @ $0.35

#VXXGame

New 5-day low on the…

New 5-day low on the Dow, but not SPX

Spx put spread

#spxcampaign

SPX STO put spread  Mar wk1 2150/2125 sold for $1.30 when spx @ 2270

AAPL iron butterfly

#Earnings Can’t choose whether to be bullish or bearish, and not liking OTM premium anyway, so going with a neutral ATM #IronButterfly that will have 3 days to find its center. Max risk .56

Sold to Open #$AAPL Feb 3rd 118/121/124 iron butterfly for 2.44.

$UVXY

Mar 10 now has strike prices up to $50.

Opening ES trade

#ES #futures
Jan 31 8:38 On the open, shorted ES on the gap down..at 2271 as TTM_Wave dropped below zero..
Jan 31 9:04 Exited my trade as the ES stalled at the S1 pivot line, and as the squeeze indicator started its move up..
Gain of 8 points at 250/point

es-tues

$XOM – getting to #FallingKnife…

$XOM – getting to #FallingKnife territory.
Also check out $COG and $SIG

$UVXY #ShortCalls – Sold UVXY…

$UVXY #ShortCalls – Sold UVXY Feb 10 2017 37 Calls @ 0.54 with the stock at 26.31.

#ironcondor NFLX followed a TradeWise…

#ironcondor
NFLX followed a TradeWise recommendation(TD Ameritrade)
Feb. 17 132/143/148/150 for .75

$SVXY $UVXY

STO Feb 3 SVXY $124 calls @ $0.30 Similar to @optioniceman $122 calls sold yesterday, just picked a higher strike.

STO Mar 3 UVXY $55 calls @ $0.75

STO SPX Feb 8 2210/2205…

STO SPX Feb 8 2210/2205 .25

$NUGT #ShortStrangle – Sold NUGT…

$NUGT #ShortStrangles – Sold NUGT Mar 17 2017 6/16 Strangles @ 0.75 with the stock at 11.03.
Breakeven levels are at 5.25 and 16.75 on the stock at expiration.

$MRO #ShortCalls – Bought to…

$MRO #ShortCalls – Bought to close MRO Apr 21 2017 25.0 Calls @ 0.01. They wont trade any lower.
Originally sold @ 0.43 on 12/1.

STO SPX Feb 3 2225/2220…

STO SPX Feb 3 2225/2220 .25

ANTM earnings condor

#Earnings #IronCondor This is a 1:1 iron condor, tight wingspan, almost an iron butterfly. Breakevens are 158.75 and 148.75.

Sold to Open $ANTM 145/152.5/155/162.5 for 3.75. Max loss 3.75. Biggest UP move: 5.5%, Biggest DOWN move: -4.7%, Average move: 2.5%.

Breakevens are about 2.9%-3.5% OTM.

GM

STO SPX Feb 6 2215/2210 .20
Yesterday

UA and UAA tank… wow

UA and UAA tank… wow

Busy Day – Note to Self – Time to Rest

#spxcampaign
Second Tranche
$SPX 3/3 2140/2165 BUPS @ 1.60

#earnings
$AMZN 2/3 775/790 BUPS @ 2.70
$AMZN 2/17 755/765 BUPS @ 1.20

#vxxgame
$SVXY 2/10 85 put @ .35 Thank you @vxxkelly
$SVXY 1/19/2018 60 put @6.40

Charting..

#tech

RTM and snapback to the 2280, closing above the support line of last weeks open gap-up..no close below that line yet, means the upside gap is still active..2055 is a 38% fib retrace/previous box support…MA’s are gathered at 2265-2270 area..basically provided support today before the bounce back…lets see which gap closes first, last weeks or todays…

$SVXY $UVXY – so a…

$SVXY $UVXY – so a big reversal from the best levels of the day. Since I was aggressive selling SVXY Puts and UVXY Calls into this morning’s move I threw out a couple of speculative positions to balance out the exposure (just a bit)
Sold UVXY Feb 17 2017 20.0 Puts @ 0.47 (my order is already in to cover at a penny)
Sold SVXY Feb 3 2017 122.0 Calls @ 1.00 (my order is already in to cover at a penny) – the strike is slightly above the alltime high set last Friday

SOME TRADES:

UVXY STO 2/10/17 31.0 CALLS @1.26
UVXY STO 2/10/17 32.0 CALLS @1.22
UVXY STO 2/10/17 33.0 CALLS @.81
UVXY STO 2/17/17 34.0 CALLS @1.44 These 4 trades were done at different times this morning and afternoon.
JNUG STO 2/10/17 9.0 CALLS @.80 Covered
JNUG STO 2/10//17 9.5 CALLS @.60 Covered

#SPX Campaign Sold to open…

#SPX Campaign Sold to open Feb 28th, 2150/2130 BuPS @ 0.90 when $SPX was at 2272.86.

$SVXY

STO Feb 10 $85 puts @ $.36

#VXXGame #ContangoETFs

$DUST #ShortPuts – Sold DUST…

$DUST #ShortPuts – Sold DUST Mar 10 2017 26.5 Puts @ 2.40, adding on to my position.

$NUGT #CoveredCalls – Sold NUGT…

$NUGT #CoveredCalls – Sold NUGT Feb 3 2017 12.0 Calls @ 0.12, replacing a similar position that expired Friday.

#FallingKnife candidates today – $QCOM…

#FallingKnife candidates today – $QCOM $WHR

SPX campaign

STO March 17, 2020/2070 put spread @1.60

#shortcallspread BOIL Closed the short…

#shortcallspread
BOIL Closed the short side of a March 17 20/25 call spread. Pretty sure I followed #fuzzball, sold it for 1.35 on Dec. 9. Bought the call back for .35. I’ve done almost nothing the last couple weeks, getting back by booking a profit. I have enjoyed keeping up with all of you.

$UVXY

STO $UVXY Feb 24 $50 calls @ $.68
STO $UVXY Feb 24 $55 calls @ $.56
STO $UVXY Feb 24 $60 calls @ $.44

#VXXGame #ContangoETFs

GOOGL roll

I rolled my Feb. 3, 825 calls out to Feb. 17 830 call for a credit of 3.15 against my 2019 650 calls.

$SVXY

STO Feb 24 $75 puts @ $.69
STO Mar 3 $70 puts @ $.55
STO Mar 10 $70 puts @ $.90

#VXXGame #ContangoETFs

$RAD puts

Had sold Feb 17 6.00 puts on 1/20 for 0.45 in the midst of all the struggles with Walgreens.
Now with the further issues and the crush in $RAD today, decided to get rid of this one as I really don’t think I want the stock put to me. Was able to buy back for only 0.33, so made some lunch money anyway.

$SVXY #ShortPuts – I was…

$SVXY #ShortPuts – I was definitely early on some of these but I’m short some stock and a huge number of LONG term calls, so these puts are either partially covered or create strangles.

The stock bottomed at 112.11 so far today but has now bounced.

SVXY FEB 3 2017 95.0 Puts @ 0.32 – these expire Friday
SVXY FEB 3 2017 88.0 Puts @ 0.20 – these expire Friday
SVXY FEB 10 2017 88.0 Puts @ 0.37
SVXY FEB 10 2017 80.0 Puts @ 0.30
SVXY FEB 17 2017 88.0 Puts @ 0.60
SVXY FEB 17 2017 85.0 Puts @ 1.00
SVXY FEB 17 2017 80.0 Puts @ 0.68
SVXY FEB 24 2017 85.0 Puts @ 0.80
SVXY FEB 24 2017 80.0 Puts @ 0.80
SVXY MAR 3 2017 75.0 Puts @ 1.00
SVXY JUN 16 2017 43.0 Puts @ 1.11
SVXY Jan 19 2018 50.0 Puts @ 4.60
SVXY Jan 19 2018 49.0 Puts @ 4.30

$UVXY

STO Feb 10 $43 calls @ $0.47
STO Feb 10 $45 calls @ $0.37
STO Feb 10 $48 calls @ $0.30

all expire next week

#VXXGame #ContangoETFs

SVXY

#IRA that is all cash so starting a little nibbling with some #ShortPuts …..

Sold SVXY MAR 17 2017 80.0 Put @ 2.20
Sold SVXY JUN 16 2017 70.0 Put @ 4.60

REGN strangle

BTC Feb. 3, 325/400 strangle @1.65, Sold @4.85

$UVXY #ShortCalls #VXXGame – maybe…

$UVXY #ShortCalls #VXXGame – maybe I was a bit early on some of these but volatility spikes are no longer measured in days but in hours. Many of these are at the highest available strike prices.
UVXY Feb 3 2017 30.0 Calls @ 0.34 – these expire Friday
UVXY FEB 17 2017 60.0 Calls @ 0.28
UVXY FEB 24 2017 55.0 Calls @ 0.55
UVXY FEB 24 2017 56.0 Calls @ 0.50
UVXY FEB 24 2017 56.0 Calls @ 0.45
UVXY FEB 24 2017 60.0 Calls @ 0.37
UVXY MAR 3 2017 60.0 Calls @ 0.55
1 UVXY MAR 10 2017 34.5 Calls @ 1.77
UVXY MAR 17 2017 60.0 Calls @ 1.00

1 UVXY JUN 16 2017 60.0 Call @ 4.60
1 UVXY SEP 15 2017 60.0 Call @ 6.75

GS and SVXY

#BullPutSpreads – Not much free time today or tomorrow so taking off a little risk…

Bought to Close GS FEB 17 2017 235.0/230.0 Bull put spreads @ 2.43 (sold for 2.45)….breakeven

And the “take one for the team trade” is still a winner…LOL

Bought to Close SVXY FEB 17 2017 110.0/105.0 Bull put spreads @ 1.57 (sold for 2.25)

UVXY Jun Calls STO UVXY…

UVXY Jun Calls

STO UVXY -2 16Jun17 60 Calls @ 4.92

SVXY puts

Sold $SVXY Mar 3 80 puts @ 1.25

AMZN roll

I rolled my Feb. 3, 780 call out to Feb. 17, 785 call for a credit of 0.15 cents. Rolling early against my long 2019, 600 call position.

#spxcampaign On the @jeffcp66 carousel…

#spxcampaign
On the @jeffcp66 carousel

$SPX 3/3 2140/2165 BUPS @1.55
$SPX 2/24 2125/2150 BUPS @1.65

$FB straddle BTO 32 @ 6.80

Market vs Bonds

Given the weakness in the market, just not seeing much of a reaction in the bonds (10,5,2 yr). They are all a little higher but not really moving as much as one might expect from a 22 point drop in the S&P.

$UVXY #shortcalls STO Jun 19…

$UVXY #shortcalls

STO Jun 19 $60 C for $4.45
Thanks Ramie

SPX campaign

Followed Jeff and STO 2140/2165 March 3, bull put spread @1.55

I am taking another one for the team so we can get another leg down and more volatility.

$SPX put spread

STO Mar 17 2160/2150 @ 0.95

ES and YM at Open

#futures

Jan 30 8:41 Shorted YM @ 19940, as YM continued thev breakdown..
Jan 30 8:48 Exited my trade as YM bounced at the 19870, after a break and fake at the S3 pivot…
Gain of 60 points @ 25/pt

Jan 30 8:31 Shorted ES at 2280, as it fell out of the TTM_Squeeze to the downside
Jan 30 8:45 Exited my trade as the ES bounced at the S3 pivot line..at 2272..
Gain of 8 points at 250/pt

es-open

Double down, risk-reversal

#SPXcampaign Considering this pullback as an opportunity. I doubled down on a #LongCallSpread… Bought to Open $SPX Feb 6th 2330/2355 call spreads for .25. Bought the first batch for 1.35 last week. Cost basis now .85.

Then, sold to open SPX Feb 3rd 2245/2220 put spreads for 1.35. This turns the long spreads into a #RiskReversal, reducing my cost to only .30 for a double-sized long spread. If we start to rally into Friday’s job report, the long spread could get back to 2.00 or 3.00. If not, my loss is minimal. Of course, if this is beginning a correction, then it’s not so pretty.

$UVXY

added a couple of positions for this week
STO Feb 3 $32 calls @ $0.34
STO Feb 3 $31 calls @ $0.42

$VIX seems to have peaked for now.

#VXXGame #ContangoETFs

UVXY calls

I was a bit early on these it looks like.
Sold $UVXY Mar 17 60 calls @ 1.00
Sold $UVXY Jun 16 60 calls @ 4.00
Highest strike.
#VXXGame

#contangoetfs

SPX puts sold

#SPXcampaign Sold to Open $SPX March 3rd 2165/2140 put spreads for 1.35, with SPX at 2277.

MA has earnings Tuesday

MA has earnings Tuesday

Econ Calendar for week of 1/30/17

Blue star = Market Moving Indicator; Yellow square = Merits Extra Attention; Pink Circle = Other Key Indicator

screen-shot-2017-01-30-at-5-24-48-am

Good morning

May your day be green.

VIX Indicator and SPX Position…

VIX Indicator and SPX Position Chart are updated

No option expirations this week,…

No option expirations this week, as I’ve been cutting back on trading just don’t want to manage trades for the next three weeks while on vacation on Kaua’i and Mau’i islands. Need another winter break.

Also, checkout www.doubledividendstocks.com this weekend for cash secured puts and covered calls.

Trade safely…Mahalo

#OptionsExpiration for 1/27 $NUGT 01/27/2017…

#OptionsExpiration for 1/27

$NUGT 01/27/2017 12.00 calls
$UVXY 01/27/2017 40.50 calls

No assignments.

Have a great weekend everyone.

Earnings Trades and Expiration

#earningstrade

$JNJ 113/115/117/115 Iron Butterfly Lost $54 per contract
$COF 85/87/89/87 Iron Butterfly Lost $40 per contract
$LUV 49/50 BUPS 100% profit
$EBAY 28.5 put 100% profit

#spxcampaign #coveredcalls #shortputs #shortcalls #assignment
Expired Full Profit

$SPX 2120/2145 BUPS
$SPX 2155/2180 BUPS
$SPX 2235/2260 BUPS

$LULU 70.50/69.50 BECS
$NUGT 12 call (covered)
$CELG 115 call (Covered)
$LULU 60 put

Called Away
$MPC 1/27 49 calls

Thanks to everyone for sharing. Enjoy the fruits of your labor this weekend.

Option expiration

Only one today. AMGN 150 PUT. Have a nice weekend and hope for more volatility next week.

$SVXY

BTC March 31 $100P for 3.85, sold Jan 13 for 8.30

#OptionsExpiration #Weeklys #Jan27 – a…

#OptionsExpiration #Weeklys #Jan27 – a fairly quiet expiration except for some unfortunate early exercises on ITM $SVXY Calls. While Fido and Schwab have stock to lend, apparently TDAm does not.

$NUGT and $DUST stayed in a predicable range for the 2nd week in a row and I re-acquired some CVS at 79 after getting called out of my previous long stock at 82.5 on an early call assignment a little over a week ago.

— Expirations —
DUST (Weekly) Jan 27 2017 25 Puts
DUST (Weekly) Jan 27 2017 30 Puts
NUGT (Weekly) Jan 27 2017 8.5 Puts
NUGT (Weekly) Jan 27 2017 12 Calls (Covered)

SVXY (Weekly) Jan 27 2017 60 Puts
SVXY (Weekly) Jan 27 2017 65 Puts
SVXY (Weekly) Jan 27 2017 70 Puts
SVXY (Weekly) Jan 27 2017 88 Puts

TRIP (Weekly) Jan 27 2017 52.5 Calls (Covered)

UVXY (Weekly) Jan 27 2017 27 Calls (Covered)
UVXY (Weekly) Jan 27 2017 32 Calls (Covered)
UVXY (Weekly) Jan 27 2017 33 Calls (Covered)
UVXY (Weekly) Jan 27 2017 40.5 Calls (Covered)

— Assignments —
CVS (Weekly) Jan 27 2017 79 Puts – going long some stock

#earlyassignments

Options Expiration 1/27/17

#OptionsExpiration #Earnings #ShortStrangles #ShortPuts #ShortCalls #IronButterfly #VXXGame #Assignment #BullPutSpreads

–Expiring w/max profit–
EBAY 28.5 puts
FB 126 put
FFIV 157.5 calls
LUV 50/49 put spreads
SPX 2260/2235 put spreads
UVXY 37 calls

–Assignment–
SBUX 60 puts, stock assigned, cost basis 56.73

–Expired w/max loss–
COF 85/87/89 iron butterfly
SPX 2300/2325 LONG call spread, bought for 1.10, closed half for 4.70 so overall profitable trade.

Options Expiration Weekly 1/27/17

#OptionsExpiration

$SVXY $80 puts
$UVXY $34 calls
$UVXY $36 calls
$UVXY $38 calls
$UVXY $40 calls
$UVXY $42 calls

With the VIX low, #VXXGame premiums are also low so I continue to stay very short term. Won’t stay this way forever. I don’t want to be short a bunch of longer term $UVXY calls or $SVXY puts if we get a serious vol spike. Will continue to just make good steady short term money and wait for the opportunity to sell longer term, high premium positions. Even in this environment, it has been a nicely profitable month.

Have a great weekend everyone.

Kelly

COF trade

#Earnings, If you’re in this trade is probably a good idea to close the 87 short calls. If COF ends the day under 89, you will be assigned short stock if you don’t close the short calls.

SPX Campaign Earnings Trade Long Calls

#spxcampaign
$SPX 3/3/2017 2110/2210 BUPS @ 4.80 (Following @fibwizard

Closed Early
$SPX 1/30/2017 2215/2240 BUPS @ .10 94% profit

#earningstrade
$AAPL 2/3/2017 122 call @ 1.93

#longcalls
#CMCSA 3/17/2017 75 call @ 2.30 (OMM Trade)
$SPY 2/17 230 call @ 1.36 (Trying something new)

$DUST #ShortPuts – Sold DUST…

$DUST #ShortPuts – Sold DUST MAR 10 2017 26.5 Puts @ 2.05 with the stock at 33.69.
The stock has not been below this strike price since late August.
This is the lowest available strike(so far) for this weekly series.

JNJ break today

#Earnings #IronButterfly Getting the surge we wanted on JNJ at the last minute. We can get out now for less than max loss… Just put a .15 trailing stop on the option price to close the 115 short puts. At the moment I will be stopped at 1.73, but I hope it goes down from here (meaning stock continues UP).

(Sold the Jan 27th 113/115/117 iron butterfly for 1.35 on Monday)

$STZ

About to go positive on the day after a pretty good drop yesterday and this morning.

Selling WHR puts

$WHR #ShortPuts Looking to start a ladder in this. My first sale is Mar 17 150 puts @ 1.00.

#fallingknife

STO FB Strangle 142/120 for…

STO FB Strangle 142/120 for .77cr earnings trades.

IBB

STO January 2018, 200 put @5.10

TQQQ roll

Rolled my 71.5 call out to Feb. 10, 72 call for a pick up of 0.02 cents. I picked up 1/2 of a point in the strike price against my 2019 35 calls.

FFIV earnings

#Earnings #CoveredCalls – Originally sold 145/142 bull put spreads @ 1.25.

Stock tanked so sold long 142 puts @ 4.95. I’ll be assigned stock at 145 with a basis of 138.80 so:

Sold FFIV FEB 10 2017 138.0 Calls @ 2.05
Sold FFIV FEB 10 2017 139.0 Call @ 1.60