$NUGT #CoveredCalls #IRA – Repeating last weeks move.
Normally I would let this week’s worthless option roll off and attempt to sell next week’s on Monday. But with NUGT running a bit this morning I’ve decided to roll instead.
I’m spending a little to buy back worthless calls but who knows what Monday will bring.
Bought to close NUGT JAN 27 2017 11.5 Calls @ 0.01 (Sold last Fri @ 0.33)
Sold NUGT Feb 03 2017 11.5 Calls @ 0.23
#Earnings #CoveredCalls #StockTrade #ShortStrangles #StrangleRoll
BTC $FB Jan 27th 130 call for 1.98. Sold for .53 on Jan 10th.
STO $FB Feb 3rd 126/138 strangle for 2.58.
Going into next week’s earnings with a long bias; I am long stock. I will be selling additional options the day of earnings.
Earnings moved to Feb 9th. Feb 10th strangles getting hit this morning. Can’t these companies get their announcements right? Kinda funny….guy calling into TT asking the same thing. Guess my earnings trade is set already.
Jan 27 08:34 Shorted the ES(sp emini ) just before the TTM_Squeeze fired to the down side..at 2293.5..TTM_Wave verified by starting to move negative…
Jan 27 08:56 Exit my trade as ES hits the session low, at the S1 Pivot line..TTM_Wave verifies the move is over with a polarity change..and above zero move ..
Gain of 5 points @ 250/point
#Earnings I covered the short 815 puts for .10 earlier… I put in an order to sell the long 805’s for .05, and it filled a few minutes ago as the stock was going back UP. Someone had to close their shorts I guess!
#CoveredCalls -I’ve been rolling around this short strangle position for months. Finally took the stock at 107 but with an 88 basis for covered calls. Was short 91 strike calls this week planning on rolling the calls up into earnings week. Then…all of a sudden WYNN moved their earnings to yesterday and IV in the short calls jumped. Thanks WYNN…grrr.
Stock jumped on earnings so I sold it at 102.80 while keeping the short calls. Looking now to roll the calls to a new strangle…I think this might be a revenge trade but doing it anyway…LOL
BTC UVXY 3 FEB 17 45 CALL @.03 sold it on 1/20/2017 for 0.34
BTC UVXY 3 FEB 17 40 CALL @.05 sold on 1/23/2017 for 0.42
BTC UVXY 3 FEB 17 40.5 CALL @.05 sold it on 1/13/2017 for $1.45
Indices down, but VIX just hit a new 2.5 year low
#LongCallDiagonals – Still easing it up a little at a time…
Rolled this week’s 815.0 call to Feb 10 817.5 @ 1.00 credit.
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
sold 34.60 stock bought Wed for 32.95, small gain
#Earnings Bought to close $GOOGL Jan 27th 815 puts for .10. Sold the 815/805 put spreads yesterday for 1.40. No reason to risk it if I can close this cheaply.
$DUST #ShortPuts #Rollout – Bought to close DUST JAN 27 2017 40.0 Puts to avoid assignment and
Sold DUST Feb 17 2017 37.0 Puts at a 0.21 Credit.
#Earnings #IronButterfly #StockTrades Took a bullish shot on this one with the 58/60/62 IB for 1.47. I am planning to sell the long 58 puts at the open for around 2.00, leaving me short the naked 60 puts. This will total 3.47 in premium received, meaning my cost basis on the stock, when assigned tonight, will be 56.53. I am comfortable with that for hopefully a quick turnaround to sell the stock on a pop next week. If it drops further I can hold it through its dip until recovery. This company isn’t going anywhere.
#spxcampaign
$SPX 2/24 2100/2200 BUPS @ 3.00
$SPX 2/24 2390/2365 BECS @ 1.35
Closed Early
$SPX 2/3 2365/2340 BECS @ .60 57% profit (Getting gun shy)
$SPX 1/30 2310/2285 BECS @ 683% loss (Why I am getting gun shy)
$SPX 2/3 2100/2125 BUPS @ .05 94% profit
#longcalls
Closed Early
$BABA 2/17 95/100 BUCS @ 78% profit
$VIX – The VIX is now on a 10 handle which is a fairly rare occurrence. Out of 6,813 trading days since 1990, only 110 have been below 11 in VIX (1.6%).
$DUST #ShortPuts #Rollout – I split an existing position into two pieces and rolled it out.
Bought to close DUST JAN 27 2017 45.0 Puts to avoid assignment and
Sold DUST MAR 17 2017 41.0 Puts and DUST APR 21 2017 39.0 Puts, both at a 0.45 Credit.
This gives me plenty of time to manage these positions further.
Plus the lower strike prices and extra cash helps too.
VIX Indicator and SPX Position Chart have been Updated
#SPXcampaign Bought to Open $SPX Feb 6th 2330/2335 call spreads for 1.35, about 6 minutes after the bell. Looking to close when the spread reaches 5.00-10.00.
#SPXcampaign Stopping out and reversing my most endangered call spread.
Bought to close $SPX Feb 24th 2230/2255 call spreads for 3.90. Sold on Tuesday for 1.40
#ReverseRoll: Sold to Open SPX Feb 10th 2275/2250 put spreads for 3.95, with SPX at 2296.
Outlook remains bullish. Today the VIX is having its 3rd close beneath the most recent 78.6 Fib line (drawn from 12/21 low and 1/19 high). This is another confirmation of the ongoing Upside Warning.
#Earnings BTC FFIV Jan 27th 130 puts for .10. Sold yesterday as the 130/157.5 strangle for .90. Letting the calls expire. This is to avoid any possible downdraft tomorrow.
Allowing the LUV and EBAY trades to expire
JNJ and COF will have to move tomorrow to become winners, but they are IB’s so loss is minimal.
QCOM, STO June 50 put @2.25
BMY, STO September 40 put @1.51
SPX trades for the next few weeks….
Jan 26 Sold 2 Mar 03-17 2110/2210 Put Credit Spreads (BUPS ) @ 4.50
current price just under 2300
Expected Market makers move = 63 points
My safety factor = 40 points or so..
Jan 26 Sold 2 Mar 10-17 2100/2200 Put Credit spreads (BUPS ) @ 5.00
current price just under 2300
Expected Market makers move = 71 points
My safety factor = 30 points or so..
#SPXcampaign
1/5/2017 2065 buy 10 FEB 2017 Puts -$2.65
1/5/2017 2165 Sell 10 FEB 2017 Puts $8.35
1/26/2017 2065 Sell 10 FEB 2017 Puts $0.42
1/26/2017 2165 buy 10 FEB 2017 Puts -$1.17
opened it on 1/5/2017 at $5.70 close at 0.75 gained 87%
Bought to close $DUST Feb 17 107 call @ .03. Sold for 6.00 on 12/20. I’m sure this would expire in a few weeks but it seems crazy to keep it open for .05 or less. I’m still short some 75 calls in Feb as well, which are almost worthless–those may be next.
$DUST #ShortPuts – this one is finally cooperating. Closing early because of margin pressures.
Bought to close DUST Jan 27 2017 30.0 Puts @ 0.05. They wont trade any lower.
Originally sold at 0.85 on 12/29 and added another at 1.25 on 12/30.
Letting 3 similar positions in IRA accounts run to expiration.
#PerpetualRollingStrangles – Selling another week..
Bought to Close TLT FEB 3 2017 123.0 Calls @ .08 (sold for .74)
Sold TLT FEB 10 2017 120.5 Calls @ .60
TOS has been showing Feb 2nd for a few weeks. Noticed yesterday my WYNN position was down even though WYNN was up. Earnings were changed to today….
#ShortCalls – Replacing the one I closed yesterday….still holding the Feb 260 put so legging into a March strangle.
Sold IBB MAR 17 2017 290.0 Call @ 3.30
STO Feb 10 $35 calls @ $0.35
SOLD UVXY 10 FEB 17 40.5 CALL @.19
#SPXcampaign BTC SPX 8 FEB 17 2170/2145 BuPS @.25 sold on 1/12/2017 @1.40
#futures
After the opening slide and subsequent bounce at the 20000 line, I went long :
Jan 26 8:44 Long 5 YM contracts as teh TTM_Wave went green on teh bounce at 20000 level..
Jan 26 9:11 Exited my trade as the YM stalled at the 20,050 level and consolidated..TTM_Wave verified the chop..
Gain of 50 points @ 25/point
STO Feb 3 $30 calls @ $0.33
#Earnings #BullPutSpreads GOOGL looking bullish but I’d prefer to stay OTM in case its one day performance pulls back a bit. Going with a spread rather than naked since I don’t want to take assignment of such an expensive stock, and the margin requirement provides far better return percentage.
Sold to Open $GOOGL Jan 27th 815/805 put spreads for 1.40. Biggest UP move: 16.3%, Biggest DOWN move: -5.4%, Average move: 4.5%. This trade is 4.6% OTM.
#Earnings SBUX has not been a big mover on recent earnings, so placing a slightly bullish 1:3 #IronButterfly, looking for a close around 60.00 tomorrow.
Sold to Open $SBUX Jan 27th 58/60/62 iron butterfly for 1.47. Biggest UP move: 6.6%, Biggest DOWN move: -4.9%, Average move: 2.3%. Center strike is +2.0% OTM.
#SPXcampaign Sold to Open $SPX Feb 24th 2365/2390 call spreads for 1.35, with SPX at 2298.
Bought to close SPX Feb 10th 2150/2125 put spreads for .20. Sold for 1.35 on Jan 9th.
STO January 2018, 60 puts @ 6.35 to offset the 225 calls I sold yesterday @5.05
#SPXcampaign Handling this one as an ITM position, but taking this morning’s weakness as opportunity to close, so I can replace it (hopefully) at higher strikes on the next rally.
Bought to close $SPX Feb 6th 2290/2315 call spreads for 11.00. Sold for 6.70 on Tuesday as a roll.
Is moving back up as gold pulls back. I plan to sell OTM covered calls near end of day.
VIX is quite low, also watching for reversal of indexes – like everyone else. Have we been lulled into complacency yet?
#spxcampaign
Closed %&$(^&$#@)(*&&
$SPX 1/25 2310/2285 BECS @ 400% loss (Had profit yesterday but chose not to close)
#longcalls
$VALE 2/17 12 calls @ .18 – lottery ticket (Dr Science idea @ OMM)
#earnings (@jeffcp66)
$EBAY 1/27 28.50 puts @ .36
$LUV 1/27 49/50 BUPS @ .50
#shortcalls
$AKS 3/17 12/8 BECS @ .80 (Dr Science idea @ OMM)
Now if LUV does well in the morning, I’ll be 3-for-3 overnight.
Just got filled after hours. STO January 2018, 225 call @5.10 on 1 contract.
#SPX Campaign Back from the dog walk. After much reflection I closed my Feb 17th 2340/2360 BeCS at $2.00. I will look to open a new and further out BeCS with 1.5x the original contracts when it appears the break out has settled down.
#SPXcampaign Sold to Close $SPX Jan 27th 2300/2325 call spreads for 4.00. Bought for 1.10 yesterday. That was on my Reg-T marin accounts. For my Portfolio margin account, I closed only the long calls and left the 2325 shorts to expire Friday: Sold to Close $SPX Jan 27th 2300 calls for 4.70.
Will look to close the remainder of the spreads after they reach 8.00. If they don’t will exit before the theta drains out.
#Earnings #ShortPuts Sold to Open $EBAY Jan 27th 28.5 puts for .30. Biggest UP move: 13.9%, Biggest DOWN move: -12.5%, Average move: 6.4%. This trade is -5.9% OTM.
Playing this one bullish; 28.5 is just below 200 ema. 28.5 stock price is easy to manage if assigned.
#optionseducation @optionshane
I know you probably get a gazillion emails hyping the “perfect guide or webinar” that will make you a millionaire in 30 days with only $5.00…right!? Alt>Delete faster than a speeding bullet!
In spite of the many offers I get and trash, the link below actually sent an easy-to-read overview of trading options, without advertising or weird videos! If you are just starting out it’s a must read.
ES trade
On the bounce at the 61% Fib retrace, went long 5 contacts at 2288..( 10:51am), exited my trade as ES paused at the 2292 for a 4 point ES gain..
4 points x 250 per point…
STO March, 17.5 puts @1.20
#Earnings #BullPutSpreads Taking a bullish trade on LUV with an 11:9 risk reward. All airlines have been going strong. LUV’s last two reports were down, but all airlines were struggling last year, with their bullish trends starting around October.
Sold to Open $LUV Jan 27th 50/49 put spreads for .45.
Here are last 12 reports:
Oct. 26, 2016 BO -8.46%
July 21, 2016 BO -11.20%
April 21, 2016 BO 1.44%
Jan. 21, 2016 BO 0.50%
Oct. 22, 2015 BO 7.40%
July 23, 2015 BO 3.87%
April 23, 2015 BO 0.95%
Jan. 22, 2015 BO 8.41%
Oct. 23, 2014 BO -2.77%
July 24, 2014 AC 1.95%
April 24, 2014 AC -1.31%
Jan. 23, 2014 BO -2.43%
If you look at the chart for $SVXY. From about March until the election it pretty much ground higher (draw a regression line through the price action or just squint) at a steady pace. Yes there peaks and pull backs, but that’s what should happen. From the election until monday, it continued to move higher but at a much steeper angle. Add in the last 2 days, and the chart is starting to go asymptotic.
No argument that the price action is strong in the market. But if you look at the volume on the $SPY, it is anemic. Volume is dropping as $SPY grinds higher today. Just no sellers, so any buyers have to keep raising bids to get a fill.
#SPX Campaign Jeff et. al. With the market seeming to be finally breaking out here would you advocate closing a Feb 17th 2340/2360 Call spread here or wait and roll later.
BTC Feb 03rd 80 Puts at .05 on a GTC order. BTC Feb 10th 80 Puts to free up the cash so I could add some $NEWT to the portfolio on the price drop with the secondary.
#ShortStrangles – Been rolling for awhile and gradually narrowing some 121/114 inverted strangles waiting to see which side goes away first. With the stock moving up I’m rolling the short calls into new unbalanced, more bullish, less inverted, strangles.
Bought to Close AAPL JAN 27 2017 121.0 Puts @ .39 (sold for 1.10)
Rolled 114 calls to next week’s 125/120 inverted strangles @ .45 credit (2 puts for 1 call)
#Earnings #ShortStrangles
Sold to Open $FFIV Jan 27th 130/157.5 strangles for .90. (filled quickly so more may be possible)
Biggest UP move: 9.6%, Biggest DOWN move: -10.0%, Average move: 4.8%. These strikes are about 9.5% OTM.
STO Feb. 17, 57.5 puts @1.15 and staying small . Earnings on Feb. 8
#ShortStrangles – Taking off the call side but still holding the 260 put for now.
Bought to Close IBB FEB 17 2017 300.0 Call @ .25 (sold for 2.85)
#AfterHours #StockTrades #Earnings
Sold to Close $PANW stock for 146.52. Bought for 140.85 after their earnings announcement, after hours on Nov 21st. This was supposed to be a 1-hour to 1-day trade. But it decided to dip down below 124.00 before recovering.
New VIX low hit, lowest since July 2014
#LongCallDiagonals – Still easing it up a little at a time…
Rolled Feb 100 to Jun 115 @ .45 credit.
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
#LongCallDiagonals – Still easing it up a little at a time…
Rolled this week’s 772.5 to next week’s 777.5 @ .61 credit.
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
10-jan Sell 2 Feb 13 2190 Puts @ 6.70
25-Jan Buy 2 Feb 13 2190 Puts @ -2.20
Gain @ 60%
25-Jan Sell 2 Feb 13 2230 puts @ 4.40
13-Jan Sell 2 Feb 3 2220 puts $5.30 $1,058.00
25-Jan Buy 2 Feb 3 2220 puts -$1.50 -$300.00
Gain @ 70%
#SPXcampaign In pre-market, Bought to close $SPX Jan 27th 2235/2210 put spreads for .20. Sold for 1.75 last Friday.
Looking for higher prices later today so not selling calls yet. But sold my other weekly put spread:
Sold to Open $SPX Feb 24th 2200/2175 put spreads for 1.55, with SPX at 2290.
In an IRA, BTC March 40 puts @.10 and no commissions. We need a correction soon or I will have nothing to close and earn premium.
OFF TOPIC – Jeff’s Portland Gathering !! If we can get the Timing right it is a great idea. Would like to see Portland and the Bistro Group. Then see the San Juans – again, it has been many years since being in the area. :-))
Not bad…
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Hi Scott,
I apologize I am just getting back to you. I was out in LA for a business trip and just got back. You are correct TastyTrade has come out with a very compelling offer. Based on what your trading plans are and the amounts you are looking to deposit, I would be able to offer you $0.40 per contract each way, no ticket. Exchange fees are only roughly $0.04 per contract. This would be for the life of the account not just a promotion.
Our stock trades are $4.95 flat to open and close, and futures trading is $4 round trip. I would unfortunately not be able to discount these trades. Also, we have a dime buy back program, where if you close out a short option that is priced at $0.10 or less, it is a commission free trade.
We would also be able to convert your account to a portfolio margin account. Please let me know what you think, and we can talk further from there. Thanks Scott, and have a great evening!
Best regards,
Mike Mandich
Sales Consultant
OptionsHouse
10 S. Riverside Plaza | Suite 500
Chicago, IL 60606
Direct: 312-488-4368
Since all this work by Jeff has been totally successful..and we are members of the best site for home traders,
I think Jeff should host a Bistro Party this year…I’d definetely attend..and help however I can…
#spxcampaign
$SPX 1/27 2235/2260 BUPS @ 1.00
Close Early
$SPX 1/25 2215/2240 BUPS@.10 91% profit
$SPX 1/31 2040/2140 BUPS @ .20 95% profit
Thanks @jeffcp66 for helping save capital and grow It too!
#earningstrade
$COF 1/27 85/87/89/87 @ 1.60
#coveredcalls
$APC 2/3 70 @ 1.52
$CELG 1/27 115 @.85
$CRR 2/17 11 @.60
$CVI 2/17 25 @.75
$CLF 2/3 9 @ .37
$YELP 2/10 43 @1.70
$MPC 1/27 49 @ .80
#longcalls
$QCOM 2/17 55 Call @ 2.30 (OMM Trade)
“According to a Fengshui Master in Hong Kong:
This February won’t come in our lifetime again. Because this February has 4 Sundays, 4 Mondays, 4 Tuesdays, 4 Wednesdays, 4 Thursdays, 4 Fridays and 4 Saturdays. This only happens once every 823 years. This is called ‘money bags.’ So share to at least 5 people or 5 groups and money will arrive within 4 days. Based on Chinese Feng Shui. Share within 11 minutes of reading.”
Go figure…
#spxcampaign
just before the 3:15 close, STO 2 SPX Feb 24 2200/2100 BUPS @ 4.60
Entered my trade as the ES crossed below the R2 Pivot line..after a mild pullback before close..
#SPXcampaign In after market, Sold to Open $SPX Feb 3rd 2260/2235 put spreads for 3.35.
Options Bistro 