Another one in rally mode…another big up day tomorrow and the call side will begin having issues so buh bye! Looking out to next week for a nice earnings strangle…
Bought to Close CMG JAN 27 2017 390.0/430.0 Strangle @ .68 (sold for 4.60)
Monthly Archives: January 2017
PCTY
Earlier today STO Feb. 17, 30 puts @0.85
SVXY
STO January, 2018 220 call @5.15 on 1 contract. Thanks to Ramie for pointing out the new strike price.
SPX calls stopped
#SPXcampaign On the small pullback I bought to close $SPX Jan 30th 2285/2310 call spreads for 5.65. Sold as part of a #CondorRoll yesterday for 4.35.
New all-time high on SPX…
New all-time high on SPX today.
Closing STZ
Bought to close $STZ Feb 17 135 puts @ .25. Sold for 1.30 on 1/5 (thanks again @vxxkelly).
Taking my 80% of available profit off the table.
SPX trades, part 2
#SPXcampaign #Rolling #LongSpread #RiskReversal
Sold to Open $SPX Feb 6th 2290/2315 call spreads for 6.70, as a roll from Jan 27th spread stopped earlier. This was a fat-fingered fill. Was trying to enter the order for 7.00 but it didn’t take. I can let this get ATM or even ITM and roll next Monday at the latest.
And for the possibility of a strong push into Friday, I did this Risk Reversal:
BOUGHT to Open $SPX Jan 27th 2300/2325 call spreads for 1.10
Sold to Open $SPX Jan 27th 2260/2235 put spreads for 1.10
If we don’t get the strong push, then I’ll be flat, UNLESS we go down below 2260 instead.
Gold trades
#ContangoETFs #ShortCalls #CoveredCalls #GOLD
Earlier today…
STO RGLD Feb 17th 80 covered call for .50
BTC DUST Feb 17th 107 call for .05. Sold for 5.45 on Dec 20th.
BTC Dust Feb 17th 75 call for .15. Sold for 9.00 on Nov 23rd.
This leaves me flat in DUST/NUGT. Going to leave them alone until one of them goes on a bullish surge. I did well overall on this DUST bull run (started selling calls on Oct 4th), although it would have been better if I wasn’t forced to close a few on the highs due to margin (Nov 11 & 14). I will be careful to not sell too many too fast next time.
SPX call spread stopped
#SPXcampaign Looks like the boredom could be over. Having to stop a call spread for the first time in awhile…
Bought to close $SPX Jan 27th 2280/2305 call spread for 6.65. Sold for 7.40 on Jan 13th.
Since an Upside Warning is still in effect, this could easily turn into a run up above 2300. I will be rolling the above spread to a higher, farther out call spread. Also keeping a watch on the Jan 30th 2280/2305 spread I sold yesterday. Will cut it loose if we don’t stop at 2280.
The Jan 25th 2285/2310 call spread that closed on my GTC order this morning for .20? Now trading for 2.30. This is why I don’t allow close call spreads to expire, even if there’s only one day left.
SVXY call
Sold Jan 19 2018 220 call @ 5.00. 220 is now the highest strike.
Futures Trades
2 trades for 30 points each today..best I can do on a slow day…
60 points @ 25.00/point
Entered at or just before the TTM_Squeeze signal fired …verified with the TTM_wave signal..
Exited my trades as the squeeze and wave signals turned down…also 90% of the 2nd trade was between the R1 and R2 pivots…as it approached the R2 Line, it was time to exit..
SPX trades
#SPXcampaign Sold to Open $SPX Feb 24th 2330/2355 call spreads for 1.40, earlier when SPX was at 2271.
Bought to close SPX Jan 25th 2215/2240 put spread for .20, and Jan 25th 2285/2310 call spread for .20, earlier when SPX was wavering between 2268 & 2270. Sold as an iron condor for 4.00 last Wednesday.
EWW
Reload for March…
Sold EWW MAR 17 2017 43.0/48.0Strangles @ 1.40
EWW playing it safe
This thing is starting to move so booking the strangles at decent profit. Looking out to March for new strangles.
Bought to Close EWW FEB 17 2017 39.0/45.0 Strangles @ .93 (sold for 1.26)
Closed SPX Trade
Jan 6 Sell 2 Jan 27 2220 puts $4.90 $980.00
Jan 24 Buy 2 Jan 27 2220 puts -$0.75 -$150.00
Gain 83%
Jeff – what do u…
Jeff – what do u think of selling 92/82 Jan 27 strangle for .48cr?
COF earnings
#Earnings #IronButterfly Trying the same approach on this one. Has not moved much on earnings, except for 2 outlier moves in 2015. So it’s a decent candidate for an IB. Also, banks have not been moving much this quarter on earnings, after their bullish runs since the election.
Sold to Open $COF Jan 27th 85/87/89 iron butterfly for 1.60. Max loss .40.
Here are its one-day moves:
Oct. 25, 2016 AC 0.05%
July 21, 2016 AC -1.41%
April 26, 2016 AC -2.17%
Jan. 26, 2016 AC 4.83%
Oct. 22, 2015 AC 8.24%
July 23, 2015 AC -13.12%
April 23, 2015 AC -1.73%
Jan. 22, 2015 AC 1.83%
Oct. 16, 2014 AC -2.67%
July 17, 2014 AC -0.24%
April 16, 2014 AC -0.35%
Jan. 16, 2014 AC -5.29%
Average move: +/- 3.5%
Avg move if you remove the 2 outliers: +/- 1.7%
JNJ earnings update
#Earnings #IronButterfly In this bullish market, a gap down is the best for an IB when we have 3 days left to expiry. Yesterday sold the Jan 27th 113/115/117 iron butterfly for 1.35.
Just now, bought to close the 115 calls for .05. Now I have until Friday for JNJ to recover toward the 115 area, allowing me to close the puts for cheap. It may not happen, which means loss will be .70 on the trade.
VIX Indicator and SPX Chart…
VIX Indicator and SPX Chart have been updated
NUGT calls
Borrowing an idea from @optioniceman from Friday.
Sold $NUGT Jan 27 12.00 calls @ .23 for this week’s expiration.
#ShortCalls
JNJ earnings iron butterfly
#Earnings #IronButterfly Sold to Open $JNJ Jan 27th 113/115/117 iron butterfly for 1.35. Slightly bullish position, and we have until Friday for it to settle in.
UBNT
STO February 17, 55 put @1.25
#SPX Campaign
Sold to open Feb 24th 2100/2120 BuPS @ 0.85 when $SPX was around 2261.
$UVXY
STO Feb 3 $39 calls @ $0.53
$SVXY
Morning Hope everyone had a great weekend. #VXXGame, #ContangoETFs
Last Friday I was assigned my short Jan 20th 95 and 100 Calls leaving me with zero SVXY stock in quit a while. This morning I sold Feb 17th 90 Put @ 1.60 and Feb 10th Put @ 1.05 when $SVXY was around $110.0. I will roll to avoid assignment.
$RAD puts
STO Feb 17 6.00 P @ 0.45 with stock at 7.21.
If assigned would have cost basis 5.55 for stock. Hasn’t been below there in over a year. Yes, it is in a hassle-fest with Walgreens and the government right now, but taking a chance here that this will stay above the 6 level by Feb 17. Good return on capital if it does.
SPX puts sold
#SPXcampaign Sold to Open $SPX Feb 24th 2150/2125 put spreads for 1.35, earlier when SPX was at 2266.
QCOM puts
STO March 50 puts @1.45
Opening Futures Trade
Jan 23 08:40am Short 5 YM contracts as the YM crosses down over at 19760..TTM_Wave-A moves from above zero to negative red bars..Stop placed at 19780.
Jan 23 09:21 Exit my trade at the 19710 as YM bounces at the 19710, as TTM_Wave-A turns Green and moves to zero…
Gain @ 50 points @ 25.00/point…
$UVXY
STO Jan 27 $34 calls @ $0.25, these expire friday.
Just not seeing a catalyst this week that would cause $UVXY to jump over 20%. Easy to roll if need be.
#shortcalls STO $NUGT 2/3 11…
#shortcalls
STO
$NUGT 2/3 11 calls @ .77 (covered)
$NUGT 1/27 12 calls @ .22 (covered)
Closed Out
$GOOGL shares assigned Friday for additional 6 points. Placed a stop at 833.60. Stock then closed @ 844.50, with low .20 below my stop. Feels sort of good not being a piggy. ;-}
SPX puts closed
#SPXcampaign Bought to close $SPX Feb 3rd 2125/2100 put spreads for .20. Sold for 1.45 on Jan 3rd.
SPX Condor sold
#SPXcampaign #CondorRoll The consolidation continues with the small gap down immediately recovering. Continuing to sell 1-week out 4-dollar(ish) condors:
Sold to Open $SPX Jan 30th 2220/2245/2285/2310 iron condors for 4.35, with SPX at 2270.
#spxcampaign Closed Early $spx 1/27…
Econ Calendar for week of 1/23/17
Blue star = Market Moving Indicator; Yellow square = Merits Extra Attention; Pink Circle = Other Key Indicator
Earnings Monday and Tuesday
A chart with past earnings result for some companies reporting Monday or Tuesday.
% Earnings Above/(Miss) From Estimate Earnings Date Before/After Market
4Q 2015 1Q 2016 2Q 2016 3Q2016
SIMO (1.2) 3.5 12.7 14.1 23-Jan After
MMM 2.1 6.6 <1 <1 24-Jan Before
CNI 5.9 8.0 4.3 2.6 24-Jan After
GLW 8.4 0.0 14.4 9.4 24-Jan After
DHI 3.9 11.9 <1 (1.4) 24-Jan Before
DFS (12.5) 4.5 3.8 6.3 24-Jan After
JNJ 1.4 2.0 3.6 1.4 24-Jan Before
STX 16.1 (40.1) 14.4 9.8 24-Jan Before
TRV 8.5 (8.8) 5.7 <1 24-Jan Before
VZ 1.1 <1 2.1 2.6 24-Jan Before
Trades
#shortputs
$GS 2/17 230/235 BUPS @ 2.45
#coveredcalls
$VRX 1/27 15.50 call @ .40
#longcalls
$NFLX 3/17 145 call @ 4.50
The Good, The Bad, The Ugly
Expired (The Good)
$CLVS 30/40 BUPS
$KSU 1/20 81 put (Earnings trade)
$MDLZ 38 put
$MS 40 put (Earnings trade)
$FB 110/115 BUPS
$SVXY 45 put
$TSLA 190/200 BUPS (2x position)
$AET 115/120 BUPS (2x position)
$NVDA 110/115 BECS (2x position)
$AMZN 720/770 BUPS
$ETP 36 call (covered)
$CVI 25 call (covered)
$PYPL 39.50 put
$YELP 38 put
$CMG 330 put
$MNK 45 put
$CVI 22.50 put
$ALXN 90 put
$SVXY 40 put
$SWN 11 calls (covered)
$NUGT 10.4 calls (covered)
$CLVS 45 put
$NFLX 110/130 BUPS
$MSFT 60 put
$SVXY 60 put
$MPC 50 call (covered)
Closed Early (More Good)
$AMZN 1/20 775 call STC @ 40.20 BTO @ 18 on 12/28
Covered Calls Called Away (Still Good)
$WLL called away @ $12 7.8% return one month
$AG called away @ $9 7.2% return one month
$PYPL called away @ 40 2.5% return one month
$MRO called away @ 16 9.6 % return one month
Puts Assigned to Me (Time Will Tell – Neutral Right Now)
$MS @ 45 and 43.5
$CELG @ 115
$APC @ 71.50
$AMD @ 11.50
$T @ 42.5
Calls Exercised by Me (Time Will Tell – Neutral Right Now)
$GOOGL @ 785
$YELP @ 40
Expired With Loss (The Bad)
$SWKS 76/79/82/79 IB (Earnings Play)
$PG 82.5/84.5/86.5/84.5 (Earnings Play)
$TAP 95/90 BECS
Nothing Ugly Possible On This Site
Thanks for everyone’s support.
VIX Indicator and SPX Postion…
VIX Indicator and SPX Postion Chart have been updated
Options Expiration 1/20/17
#OptionsExpiration #SPXcampaign #ShortCalls #ShortPuts #Earnings #ContangoETFs #VXXGame
— Expired w/Max Profit —
DUST 60 call
FB 110 put
NFLX 105.71, 120, and 125 puts
NUGT 30 call
UVXY 37 calls
SPX 2300/2325 calls
— Expiring w/loss —
PG 82.5/84.5/86.5 iron butterfly
#OptionsExpiration for Jan 20 A…
#OptionsExpiration for Jan 20
A big one for me this month
Expiring:
$AET 01/20/2017 145 calls
$AET 01/20/2017 115 puts
$AMGN 01/20/2017 120 puts
$CMG 01/20/2017 330 puts
$DUST 01/20/2017 60 calls
$DUST 01/20/2017 70 calls
$DUST 01/20/2017 85 calls
$DUST 01/20/2017 90 calls
$DUST 01/20/2017 107 calls
$ESRX 01/20/2017 60 puts
$MRK 01/20/2017 140 puts
$MDLZ 01/20/2017 38 puts
$MNK 01/20/2017 45 puts
$MNST 01/20/2017 36.67 puts
$MYL 01/20/2017 35 puts
$NUGT 01/20/2017 15 calls
$NUGT 01/20/2017 21 calls
$NUGT 01/20/2017 24 calls
$NUGT 01/20/2017 30 calls
$NUGT 01/20/2017 37 calls
$NUGT 01/20/2017 50 calls
$PANW 01/20/2017 125 puts
$REGN 01/20/2017 320 puts
$REGN 01/20/2017 350 puts
$REGN 01/20/2017 360 puts
$SVXY 01/20/2017 30 puts
$SVXY 01/20/2017 35 puts
$SVXY 01/20/2017 40 puts
$SVXY 01/20/2017 45 puts
$SVXY 01/20/2017 60 puts
$SVXY 01/20/2017 75 puts
$UVXY3 01/20/2017 56 calls
$UVXY3 01/20/2017 60 calls
$WHR 01/20/2017 120 puts
$AAPL 01/20/2017 120 calls (covered)–stock pinned at the strike. This may either expire or get called away.
$MBLY 01/20/2017 44 calls (covered)
$NOV 01/20/2017 40 calls (covered)
$SWN 01/20/2017 14 calls (covered)
$TWLO 01/20/2017 32 calls (covered)
Assignments
Stock being called away:
$LLY 01/20/2017 72.50 calls (covered)
$SVXY 01/20/2017 90 calls (covered)
Will be going long stock:
$UAA 01/20/2017 30 puts
Have a great weekend everyone.
Off Topic
Have a nice weekend to everyone.
SVXY rolls
#VXXGame #ShortCalls #Rolling
BTC SVXY Jan 20th 95 call for 16.05. Rolled to: June 135 calls for 8.05 (x2)
BTC SVXY Jan 20th 105 calls for 6.10. Rolled to: June 140 calls for 6.60
#OptionsExpirations #Monthlys #Jan20 – Could…
#OptionsExpirations #Monthlys #Jan20 – Could have been better, but not bad for a major expiration.
— Expirations —
ALXN Jan 20 2017 90 Puts
AMGN Jan 20 2017 115 Puts
CF Jan 20 2017 35 Calls
CLDX Jan 20 2017 5 Calls
DUST Jan 20 2017 25 Puts
DUST Jan 20 2017 30 Puts
DUST Jan 20 2017 90 Calls
ESV Jan 20 2017 13 Calls
ESV Jan 20 2017 14 Calls
GILD Jan 20 2017 67.5 Puts
GILD Jan 20 2017 85 Calls
ILMN Jan 20 2017 100 Puts
MCO Jan 20 2017 105 Calls
MRO Jan 20 2017 20 Calls
MYL Jan 20 2017 35 Puts
MYL Jan 20 2017 45 Calls
NKE Jan 20 2017 43.75 Puts
NOV Jan 20 2017 26 Puts
PANW Jan 20 2017 115 Puts
SVXY Jan 20 2017 30 Puts
SVXY Jan 20 2017 35 Puts
SVXY Jan 20 2017 40 Puts
SVXY Jan 20 2017 55 Puts
SVXY Jan 20 2017 60 Puts
SVXY Jan 20 2017 65 Puts
SWN Jan 20 2017 14 Calls
SWN Jan 20 2017 9 Puts
TRIP Jan 20 2017 52.5 Calls
UVXY 20/Jan 20 2017 14 Calls
UVXY 20/Jan 20 2017 60 Calls
UVXY Jan 20 2017 40 Calls
WYN Jan 20 2017 55 Puts
— Assignments —
SVXY Jan 20 2017 88 Calls – going short 100 shares with a 95.71 cost basis.
Option expirations
I am starting the year off with a good expiration but don’t have much left to expire after this month.
SVXY
25 puts
30 puts
35 puts
40 puts
45 puts
50 puts
55 puts
60 puts
CMG 330 puts
AGN 195 puts
DB 19 puts
#OPTION EXPIRATION 1/20/17 JNUG 1/20/17…
#optionsexpiration $UVXY Jan 20 $40…
#optionsexpiration
$UVXY Jan 20 $40 calls sold for 0.30, way outside the money
SPX trades
#SPXcampaign Final put spread of the week and three closed spreads…
Sold to Open $SPX Feb 16th 2165/2140 put spreads for 1.30
Bought to close Jan 27th 2180/2155 put spreads for .20. Sold for 1.40 on Jan 5th.
Bought to close Jan 23rd 2090/2315 call spreads for .20. Sold for 4.35 on Jan 11th.
Bought to close Feb 10th 2350/2375 call spreads for .20. Sold for 1.30 on Jan 10th.
$NUGT #shortputs BTC Jan 20…
$NUGT #shortputs
BTC Jan 20 35 puts for $1.10, sold 1.50
BTC Jan 20 40 puts for $5.70, sold 4.00
It looks like gold has not found its top yet so I’ll hold off on DUST and perhaps trade NUGT instead.
$SVXY #ShortCalls – Bought to…
$SVXY #ShortCalls – Bought to close SVXY Jan 20 110 Calls @ 0.66 to avoid assignment. Originally sold for 1.50.
OptionsExpiration
I’m not going to be around for the rest of the day so I’m posting these just a tad early. Given that this is a monthly expiration, I have a very short list. Just not many opportunities post election to enter positions. I’m focusing on making good entries. Some of you will have a huge list, good job.
$SVXY $40 puts
$SVXY $45 puts
$SVXY $50 puts
$SVXY $55 puts
$SVXY $90 puts
$UVXY $37 calls
$UVXY $40 calls
$UVXY 20/100 $60 calls
Have a great weekend everyone.
Closing NUGT calls
#ShortCalls Closed this position to avoid assignment today. This was a rollout from deep deep deep in the money calls and had to be rolled several times (the last time when NUGT was around 33!) Obviously glad to be out of this one for an ultimate profit and glad to be out of the other out of the money short NUGT calls that will be expiring today.
Bought to close $NUGT Jan 20 9.00 calls @ 1.36. Sold for 24.30 as a rollout on 8/3/16.
RGLD Covered Calls
#CoveredCalls #Gold #Earnings
STO $RGLD April 80 call for 2.00
$NUGT #CoveredCalls #IRA – normally…
$NUGT #CoveredCalls #IRA – normally I would let this week’s worthless option roll off and attempt to sell next week’s on Monday. But with NUGT running hard toward the close 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 20 2017 12.0 Calls @ 0.01
Sold NUGT JAN 27 2017 12.0 Calls @ 0.23
Bought to close NUGT JAN 20 2017 11.5 Calls @ 0.01
Sold NUGT JAN 27 2017 11.5 Calls @ 0.33
tastyworks.com
This link lists commissions and fees, however my accounts are awaiting funding so I can’t give an actual spread total yet. https://tastyworks.com/commissions-and-fees.
Hope this link works???
SPX spreads on the Tasty platform
Has anyone confirmed the commission cost to sell an SPX spread?
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Jan 27 2017 88.00 Puts @ 0.24. These only have a week to go and are over 22 points out of the money
GS adding
#BullPutSpreads – Adding one more to yesterday’s starter…
Sold GS FEB 17 2017 235.0/230.0 Bull put spread @ 2.30
$MYL #ShortPuts – Bought to…
$MYL #ShortPuts – Bought to close MYL Jan 20 2017 35.0 Puts @ 0.01. I actually forgot that this order was in and they would have expired, but it was still a nice gain.
$DUST #ShortPuts #Rollout – rolled…
$DUST #ShortPuts #Rollout – rolled these out two weeks and down 5 points.
Bought to close DUST Jan 20 2017 35 Puts / Sold Feb 3 2017 30 Puts for a 0.60 credit.
After these closed out of the money yesterday, I was hoping they would expire.
$SVXY
REGN strangle
Bought to Close REGN JAN 27 2017 322.5/395.0 Strangle @ .70 (sold for 5.25)
Now if he’ll mention drug prices in his speech I’ll sell another one…LOL
$UVXY
#VXXGame
a couple of more short term positions
STO Jan 27 $36 calls @ $0.50
STO Feb 3 $42 calls @ $0.61
Thoughts anyone on this strangle…
Thoughts anyone on this strangle MCD Jan 27 116/129 for .34 cr??? MCD has earnings on 1/23.
SWKS earnings
Sold SWKS JAN 20 2017 87.0 Puts @ .37
This is an attempt to offset the .55 loss on the iron flies. Sold 1 for 1 so still at least a .18 loss. Darn platform locked up and had to jump over to the regular website to reset all the standing orders and missed slightly higher premium. Still, I’ll take this earnings week every week!
SPX calls sold
#SPXcampaign Sold to Open $SPX Feb 16th 2335/2360 call spreads for 1.40, with SPX at 2275
STC strangle AXP for .02….
STC strangle AXP for .02. Placed yesterday for .32 cr
$UVXY #ShortCalls #VXXGame – sold…
$UVXY #ShortCalls #VXXGame – sold these yesterday afternoon but couldn’t report them since I was travelling.
Sold 1 UVXY Mar 17 2017 60.0 Call @ 2.60
Sold 1 UVXY Jun 16 2017 60.0 Call @ 6.60.
These are extraordinary premiums given that the stock would have to double to put them in the money.
$CVS #CoveredCalls – early assignment…
$CVS #CoveredCalls – early assignment last night on CVS JAN 20 2017 82.5 Calls.
Acquired the stock on a put assignment at 80 last year.
I had intended on rolling the call up a bit, but this is fine. Closer to cash.
UVXY calls
#VXXGame #ShortCalls STO UVXY Jan 27th 37 calls for .75
$UVXY
#VXXGame
Nibbled a little
STO Feb 17 $60 calls @ $1.00
SPX puts closed
#SPXcampaign Bought to close $SPX Jan 19th 2240/2215 put spreads for .40. Sold as part of a #CondorRoll for 3.25 on Jan 11th. Letting the 2300/2325 call side expire. Because this settles tomorrow morning, could not risk an overnight gap, especially with the weakness we’re now seeing.
/ES pivot points
Hey fibwizard…did you catch this move? Big bounce off lower pivot…
SVXY…taking another one for the team :)
This should do it:
Sold SVXY FEB 17 2017 110.0/105.0 Bull put spreads @ 2.25
Closing MYL
Bought to close $MYL Jan 20 38 puts for 1.20. Taking the opportunity for a small profit (sold for 1.35 in August) with the stock still in the money at 36.84 a day before expiration.
Options Bistro 