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.