#short puts
DUST
STO Jan 20 $35P for $1.50
STO Jan 20 40/35 BuPS $2.80
I am long (underwater) DUST from mid 50’s. I need to set stops to contain losses. My New Years resolution.
Monthly Archives: January 2017
SPX Spread sold
Jan 13 Sold 2 Feb 13 2090/2190 BUPS @ 4.50
Executed Sale with ES at The afternoon low bounce..( ES 2267 )
SVXY
STO January 2018, 60 put @8.25 to offset my short position in the 200 call.
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY JAN 20 2017 40.0 Calls @ 0.27.
If UVXY goes up 33% in a week, where will SVXY be trading??
edit: Plus the market is closed on Monday so another short trading week.
$SVXY #ShortCalls – Bought to…
$SVXY #ShortCalls – Don’t trust it, don’t trust it, don’t trust it !!
Bought to close 3 SVXY Jan 13 2017 110.0 Calls @ 0.01
Sold 1/11 @ 0.39
Bought to close 2 SVXY Jan 13 2017 109.0 Calls @ 0.01
Sold 1/11 @ 0.57
$UVXY #ShortCalls #TopOfTheChain (at least…
$UVXY #ShortCalls #TopOfTheChain (at least for now)
Sold UVXY JAN 27 2017 40.5 Calls @ 0.85
Sold 1 UVXY FEB 3 2017 40.5 Call @ 1.45
$UVXY
STO $UVXY Jan 20 $37 calls @ $0.34
SPX Roll
Jan 04 Sold 2 Feb 03 2180 short puts @ 6.59
Jan 13 Buy 2 Feb 03 2180 short puts @ -2.75
Gain @ 60%
Jan 13 Sell 2 Feb 03 2220 short puts @ 5.30
Executed my trades as ES topped at the R1 pivot ..before the downside move..
SPX Exit
Closed Jan 31 SPX Short Puts
Jan 4 Sell 2 Jan 31 2180 puts $5.50 $1,098.00
Jan 13 Buy 2 Jan 31 2180 puts -$1.60 -$320.00
Gain 70%
PVH puts
Sold $PVH Mar 17 80 puts @ 1.30. If it goes down another 11% I’ll take the stock at 78.70.
#FallingKnife
WYNN roll
#CoveredCalls – Gradually working these up hoping they will eventually expire before earnings so I can then sell some nice juicy ones. 2 more rolls after this one for Feb 9th earnings…
Rolled this week’s 89.5 calls to next week’s 90’s @ .34 credit
SMM TGO decisions
Took the SMM one month free trial and now in my second month. When did it become such a day trading forum? Not getting much out of it so probably bailing out after this month…
Top Gun Options is kinda pricey and I think I’ve seen all of Whiz’s types of trades. Sort of the same stuff over and over. He makes good money but I think by watching his freebie update each day I can pick up on what he’s doing. I’ll bail on it also or possibly cut back to just a partial subscription with just one of his portfolios.
REGN trimming some risk
#ShortPuts #IRA – I’m feeling a little heavy in this ticker so taking one off that wasn’t looking too good just a couple days ago.
Bought to close REGN Jan 20th 350.0 Put @ 1.35 (sold for 5.70)
UVXY new options
All tiny starter positions in the #IRA. Hoping for a chance to add on some spikes…
Sold UVXY MAR 17 2017 30.0/35.0 Bear call spreads @ 1.22
Sold UVXY JUN 16 2017 30.0/40.0 Bear call spreads @ 1.92
Sold UVXY JAN 19 2018 30.0/40.0 Bear call spreads @ 1.75
Sold UVXY JAN 19 2018 25.0/40.0 Bear call spreads @ 2.70
FB covered calls
#CoveredCalls #Rolling #StrangleRoll
I’d like to hold the stock through earnings…
Bought to close $FB Jan 13th 126 covered call for 2.09. Sold for .65 on Tuesday.
Sold to Open FB Jan 27th 126 put for 1.03
Sold to Open FB Feb 24th 140 covered call for 1.07
SPX trades this morning
#SPXcampaign Sold my remaining two spreads for the Feb 10th expiry:
Sold to open $SPX Feb 10th 2340/2365 call spreads for 1.30
Sold to Open $SPX Feb 10th 2180/2155 put spreads for 1.45 (couldn’t trade yesterday during the dip, and I missed out on much better opportunities)
Stopping an ITM spread, looking to sell a condor for the Jan 27th expiry as a #CondorRoll
Bought to close $SPXPM Jan 20th 2275/2300 call spreads for 9.10. Sold for 8.60 on Jan 5th.
$UVXY
STO $UVXY Jan 27 $40 calls @ $0.73
$JPM
@fuzzballl looks like your trade is working nicely.
#spxcampaign #shortputs SPX 1/18 2215/2240…
#spxcampaign #shortputs
SPX 1/18 2215/2240 BUPS @ 1.00 Not sure why I did this.
$JPM 83/88 BUPS @ 2.00 Borrowed theme from @fuzzballl
$SVXY $VXX
#vxxgame
Was tied up at work all day today, managed to get off a few more trades from time to time from my iPad after it was obvious that the market bounce wasn’t going to reverse and roll back over.
STO $VXX Feb 10 $29.5 calls @ $0.34
STO $SVXY Jan 20 $90 puts @ $0.52
STO $SVXY Jan 27 $80 puts @ $0.52
STO $SVXY Feb 3 $75 puts @ $0.66
STO $SVXY Feb 10 $70 puts @ $0.54
Sad news at SMM…
Thought I would pass this along to former members….
============================================================================
Hello Team –
We are not going to be able to do any videos today. It is with great sadness that I inform you that Dan’s and my brother, Mike, passed away today. He was killed in a automobile accident. We need to be together and get up to be with his children.
We apologize for the inconvenience but know that you certainly understand.
Gary and Dan
SVXY
STO January 2018, 200 call @6.60
#spxcampaign $SPX 2/17 2115/2140 BUPS…
#spxcampaign
$SPX 2/17 2115/2140 BUPS @ 1.40 Thanks @SAM KS
Closed Early
$SPX 1/20 2365/2340 BECS @ .10 92% profit
Rolled
$REGN 1/13 382.50 call to 1/20 382.50 call for 2.00 credit (covered)
$SVXY #ShortCalls #TopOfTheChain – with…
$SVXY #ShortCalls #TopOfTheChain – with the stock at 107
Sold 1 SVXY JAN 19 2018 200.0 Call @ 6.60
Sold 1 SVXY JAN 18 2019 200.0 Call @ 19.0
FSLR SVXY
$FSLR rolled Jan 20 32.50 covered call to Feb 20 32.50 covered call for a .73 credit, both call strikes ITM, new cost basis 30.82. Plan to roll call to ATM strikes while collecting credit.
$SVXY BTC Jan 20 72 puts @.12 sold Dec 8 @ 2.77 collected 93.4% at an ROI of 3.65%
$SVXY STO Feb 17 75 puts @ 1.30 Thanks @Ramie for the wake up call
60 to sub 32 that’s the temp difference traded returning from Palms Springs to Portland on Tuesday…we landed during a break in the weather about 2 hours later the snow started by the next morning we woke up snow bound with 8 inches of the white fluffy stuff. This doesn’t happen very often but gives me more empathy for folks who have to deal with it all the time…Go Spring!
No open spread trades, holding cash until after inauguration when new admin defines strategic plans…
REGN
#ShortStrangles – Earnings now not until Feb 9th so trying to sneak in one more before then…
Sold REGN FEB 3 2017 325.0/400.0 Strangle @ 4.85
SPX put spread
SPX Feb 2140/2115 put spread sold for $1.70 when spx at 2259
UAA
#ShortPuts – Rolling these out to earnings week to take advantage of higher IV that week.
Rolled next week’s 32.50 puts to Feb 3rd @ .65 credit
$VXX
#vxxgame
STO $VXX Feb 3 $28.5 calls @ $0.33
Nibbled. Will add more volatility positions if premiums improve further.
JPM
#BullPutSpreads – I’ll take a shot…been wanting to get long another bank as a possible long term covered call position so going aggressive. Whiz is still bullish on the banks out over the next year or two so I guess I’ll take a small position.
Sold JPM JAN 13 2017 90.0/85.0 Bull put spreads @ 3.20
Worse case scenario is I end up with stock about 1.80 below where it’s trading. If we open up down 20 tomorrow I’ll book the long put profit and take the stock with the short put. Big blowout to the upside and it’s a quick winner.
From vixcontango.com (FWIW)
This is exactly the dip in SPX and mini-spike in the VIX I was looking for this week. It took a while to come but it is finally here and it may not last a long time. The reason for the VIX spikey is that the only volatility event this week is JP Morgan’s earnings which kick off the earnings season. JPM will report before the market opens tomorrow. As is customary before volatility events, the VIX tends to rise for a couple of days along with the VVIX as traders hedge for the unforeseen and then as soon as uncertainty is removed from the market (we know what JPM’s earnings are and the market reacts rationally) then the VIX drops as traders remove the hedges once the unforeseen does not happen.
For the SPX, after we get the JPM earnings tomorrow, that event is finally going to give Financials a green light to go higher and that is going to carry the market over 2280 and the DOW to over 20,000 finally. Obviously, I don’t know what JPM earnings are going to be, but all I know it is a solid company, they are the best in class enterprise these days, so it is going to show a solid beat, a rising net interest margin and the CEO Jamie Dimon who has been very upbeat on the economy, will again be upbeat on the economy. He may even say nice things about the Trump administration. This has been the script over the past few quarters, so I don’t foresee anything deviating from that script tomorrow. Once all of this information comes in, Financials are going to start another leg higher as they have been grinding in place for over a month now. Obviously, upgraded earnings prospects for 2018 at JPM, BOFA, WF will have a lot to do with the upward repricing of the financial stocks. Just the availability of earnings information for 2018 will propel prices higher as the forward estimates are likely to be higher. And then the market will follow. We could even have a bounce in the 10-Year yield higher as the market discovers a healthy economy and a higher demand for loans at higher interest rates from the financial statements of the banks. The 10-Year yield is testing the 50MA so this is a natural place and time for a bounce higher. And a bounce higher in the 10-Year yield will trigger some of the correlation algos to buy the financials and propel them higher as well. With about 15-20% of the earnings reported after this week, there is going to be more certainty about the SPX earnings estimates and if they come in as good as I think they will, the market has only one place to go: bounce off that trend line it is sitting on now and then head higher.
On the upside resistance is at 2280 for the SPX and on the downside the 30MA at 2250 is the next support level today.
SVXY puts
Finally, get to sell some $SVXY puts. Starting small.
Sold $SVXY Feb 17 75 puts @ 1.45.
#VXXGame
VXX
#VXXGame – Clearing out some trash in anticipation of the new UVXY options becoming available tomorrow or early next week.
Bought to Close VXX MAR 17 2017 30.0/40.0 Bear call spreads @ .56 (sold for 1.20)
Sold The Open
Sold ES at 8:20, just before the open, at 2265…based on weakness overnight…
Sold to open 5 contracts, at 2265
Exited at 2251 on the bounce
14 point gain @ $50.00 per point x 5 contracts
If the slide closes today under 2260, I’ll short the SPX mkt with a Delta 65 put..
My next level for the reversal is 2245, a 38% fib and 25dma…if it continues past the 2250 previous box bottom..
ALB
STO February 90 puts @2.37
CMG strangle
#ShortStrangles – Selling the week before earnings…
Sold CMG JAN 27 2017 390.0/430.0 Strangle @ 4.60
#spxcampaign Expired $SPX 1/11 2235/2260…
#spxcampaign
Expired
$SPX 1/11 2235/2260 BUPS Sold for 1.45 on 1/6
Closed Early
$SPX 1/13 2325/2300 BECS @ .20 for 81% profit
SPX trades today
#SPXcampaign #Rolling #CondorRoll #OptionsExpiration
Bought to close $SPX Jan 19th 2330/2355 call spreads for .20. Sold for 1.60 on Dec 23rd.
Sold to Open $SPX Jan 23rd 2290/2315 call spreads for 4.35 as a roll.
After the bell: Sold to Open Jan 19th 2215/2240/2300/2325 iron condors for 3.25 as a roll. Slightly less aggressive than the near-term one I sold yesterday.
Expiring today: Jan 11th 2260/2235 put spreads. Sold for 1.55 on Friday.
Something to keep in mind…..
Something to keep in mind..
Double Top at the current high’s
reversal triggered by indicators
40 point neck – top
40 point neckline to bottom calc..
will it happen, I have no idea…but its just an FYI…
SVXY
#ShortPuts #IRA #tastyworks – Clearing out for the tastyworks move…
Bought to Close SVXY JAN 20 2017 100.0 Put @ 1.21 (sold for 6.10)
Bought to Close SVXY JAN 20 2017 80.0 Put @ .15 (sold for 2.30)
Bought to Close SVXY FEB 17 2017 70.0 Put @ .86 (sold for 2.50)
Bought to Close SVXY MAR 17 2017 60.0 Put @ 1.15 (sold for 2.30)
UVXY reverse split tomorrow!
UVXY closing positions before the split
Reverse split 1:5 happening tomorrow so I’m taking off some March positions near full profit just in case liquidity dries up in the pre-split options.
Bought to close $UVXY Mar 17 60 calls @ .08 (sold for 8.25 in Aug, 3.40 in Sep, 2.40 in Nov)
Bought to close $UVXY Mar 17 35 calls @ .20 (sold for 1.10 in Dec)
#VXXGame
tastyworks!
Got the invitation yesterday and first account set up and ready to fund. I’ll be clearing out my smallest #IRA (all SVXY short puts) and moving it over to try them out. …unless TDA matches. Waiting for a response…
THC
#BullPutSpreads – Just in case “The Donald” does something unexpected as far as health care goes I’m taking this one off. Fairly decent size position that’s worked quickly, I’ll book it for nearly 70 percent of max profit.
Bought to Close THC FEB 17 2017 16.0/13.0 Bull put spreads @ .45 (sold ITM for 1.36)
AMZN roll
Rolled this week’s 770 call to next week’s 772.5 @ even. Like GOOGL, earnings the following week.
IBB
Following Fuzzball.
STO March 250 put @ 3.80
STO June 225 put @4.00
We are now starting to…
We are now starting to measure volatility spikes in minutes. That market sell off didn’t last long.
GOOGL roll
Missed the little dip this morning….but still rolling another week. Should be able to roll this position up 20-25 points the following week into earnings.
Rolled this week’s 802.5 call to next week 802.5 @ 1.36 credit. Still selling against 2019 long call/bull put spreads.
IBB
#ShortPuts #IRA – Throwing a couple out there…
Sold IBB MAR 17 2017 250.0 Put @ 3.75
Sold IBB JUN 16 2017 225.0 Put @ 4.00
REGN strangle
Surprised on the fill but the spreads are wide with no liquidity. Mid was .65 and I started at .20 and walked it up a nickel at a time. I’ll take .35! Still holding the following week’s bonus spread, then looking forward to earnings after that…
Bought to Close REGN JAN 20 2017 325.0/425.0 Strangle @ .35 (sold for 5.29)
Closing CMG
Bought to close $CMG Mar 17 275 put @ .30. Sold for 4.25 on 12/6.
Trades and Early Close
#spxcampaign
STO $SPX 2/10 2125/2150 BUPS @ 1.30
Closed Early
$SPX 1/18 2150/2175 BUPS @ 90% profit
#shortputs
$CLVS 1/20 45 put @ 1.00
$DVN 2/17 44 put @ 1.30
SPX condor sold
#SPXcampaign Well it looks as if the rally is fizzling, dimming the prospects for a bigger bull push. It is still possible, but it could also be a much slower grind. As long as we’re having these small daily moves, I will sell some near-term condors to continue to fulfill my #Rolling needs.
#CondorRoll Sold to Open $SPX Jan 18th 2225/2250/2290/2315 iron condors for 4.65, with SPX at 2272.
QCOM
STO March 17, 60 puts @1.02
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts – Sold DUST FEB 17 2017 25.0 Puts @ 1.40 with the stock at 36.81
$NUGT #ShortPuts – Bought to…
$NUGT #ShortPuts – Bought to close NUGT JAN 13 2017 7.0 Puts @ 0.01. It won’t trade any lower in these IRA accounts. Covering since movements in NUGT tend to be sharp and unpredictable.
It’s convenient that these are now trading in penny increments.
$LULU put closed
BTC $LULU Jan 20 60.00 put for 0.05.
Had sold for 0.77 in #IRA. Freeing up some cap.
SPX puts closed
#SPXcampaign Bought to close $SPX Jan 23rd 2165/2140 put spreads for .20. Sold for 1.60 on Jan 3rd.
$SVXY #ShortCalls #TopOfTheChain – Sold…
$SVXY #ShortCalls #TopOfTheChain – Sold 1 SVXY JAN 19 2018 200.0 Call @ 6.10. Added to my position.
#spxcampaign #rolling SPX call spread…
#spxcampaign #rolling SPX call spread rolled
rolled Jan. 13 2060/2070 to Feb. 24 2070/2080 for a debit of 2.00. I’m going to be out of commission for a couple weeks, getting everything off after Jan. 20 for those weeks.
SPX call spread sold
#SPXcampaign Sold to Open $SPX Feb 10th 2350/2375 call spread for 1.30, with SPX at 2277.
#becs FB Sold Jan. 20…
#becs FB
Sold Jan. 20 127/132 for .63
SPX calls stopped
#SPXcampaign Bought to close $SPX Jan 17th 2280/2305 call spreads for 4.55. Sold for 7.00 on Dec 28th. Guess I was asleep earlier, I should have closed this when SPX was fdown, since it is one-week to expiration. Looking to roll this (and others) later today or this week).
$IWM Feb Iron Condor from TT
STO $IWM Feb 17 143/140/130/127 @1.05
FB covered calls
#CoveredCalls #Long Stock #Earnings
Sold the following after a pretty extended run on FB. The first two expire before Feb 1st earnings.
STO FB Jan 13th 126 call for .65
STO FB Jan 27th 130 call for .53
STO FB Mar 17th 140 call for 1.00
$ILMN off the charts!
Wow, $ILMN up 15+% this morning.
Closed my ILMN Jan 20 130/125 BuPS for 0.08. Sold it 1/6 for 1.02. 🙂
$NUGT #CoveredCalls – sold all…
$NUGT #CoveredCalls – sold all these Monday morning, replacing similar calls that expired last Friday.
All These expire at the end of the week.
Sold NUGT Jan 13 2017 11 CALLS @ 0.24
Sold NUGT Jan 13 2017 11.5 CALLS @ 0.15
Sold NUGT Jan 13 2017 12 CALLS @ 0.10
Expired and Closed Early
Expired Full Profit
$SPX 2230/2255 BUPS Sold for 2.30
Closed Early
$SPX 1/13 2185/2210 BUPS @95% profit
VIX Indicator and SPX Chart have been updated
#VIXIndicator $VIX 11.73 is the 78.6% Fib retracement drawn from the VIX 12/21 low and the 12/30 high. Monday was the third consecutive close below this level, which could indicate another strong push higher, like the one that began 12/7.
Options Expiration 1/9/17
#OptionsExpiration #spxcampaign
Expired: $SPX Jan 9th 2255/2230 put spread. Sold for 2.85 last Wednesday.
Also, closed right before the bell: Bought to close $SPX Jan 13th 2310/2335 call spreads for .20. Sold for 4.00 on Dec 14th.
$SVXY #ShortCalls #TopOfTheChain – Sold…
$SVXY #ShortCalls #TopOfTheChain –
Sold 1 SVXY JAN 19 2018 200.0 Call @ 5.90
Sold 1 SVXY JAN 18 2019 200.0 Call @ 18.0
$SVXY #ShortCalls #OptionLadder – given…
$SVXY #ShortCalls #OptionLadder – given what this stock has done recently, this is a bit of a speculation.
Sold 1 SVXY JAN 13 2017 107.0 Call @ 1.50
Sold 1 SVXY JAN 20 2017 110.0 Call @ 1.50
Sold 1 SVXY JAN 27 2017 113.0 Call @ 1.50
SPX calls closed
#SPXcampaign Bought to close $SPX Jan 19th 2340/2365 call spreads for .20. Sold for 1.50 on Dec 16th.
Looking at BLK for selling…
Looking at BLK for selling a strangle. Earnings on Friday before open 360/400 4.00 cr expiring on Jan 20.
MBLY
STO February 37 puts @1.15
Options Bistro 