Replacing covered call position from last week with a new starter strangle…
Sold IBB FEB 17 2017 260.0/300.0 Strangle @ 5.25
Monthly Archives: January 2017
#ETE Flushed out of my…
SPX calls stopped
#SPXcampaign Bought to close $SPX Jan 27th 2300/2325 call spreads for 4.30. Sold for 3.00 on Dec 30th.
This is the last call spread I’m trying to close. If there is a rally today and the market goes positive, I believe we will be making a run to 2300 this week.
SPX puts closed, puts sold
#SPXcampaign In pre-market, Bought to close $SPX Jan 13th 2210/2185 put spreads for .20. Sold for 4.25 on Dec 15th.
Just now, sold to open $SPX Feb 10th 2150/2125 put spreads for 1.35, with SPX at 2271.
Econ Calendar week of 1/9/17
The blue stars are for “Market moving Indicators”.
FB expired 116/117&116/118 BuCS 100%….
FB expired 116/117&116/118 BuCS 100%. Still holding next week calander spread 125/125 Jan 20& Jan 14 120/122 BuCS.
Expiration
$CMG 330 put
$CLF 9.50 call (Covered)
#shortputs
Assigned $DUST 70 put Basis 58 (*^&$#&*%$)
#rolledup
$NUGT 1/6 9 call rolled to 1/20 10.40 call @ .19 debit
Options Expiration 1/6/17
#optionsexpiration #vxxgame
As I’ve stated before, I’m running quite low on open positions so this is a pretty short list.
$SVXY $65 puts
$SVXY $80 puts
$VXX $29 calls
Have a great weekend everyone.
#OptionsExpiration for Jan 6 $CMG…
#OptionsExpiration for Jan 6
$CMG 01/06/2017 370 puts
$DUST 01/06/2017 85 calls
$UVXY 01/06/2017 20 calls
No assignments.
Have a great weekend.
Options Expiration 1/6/17
#OptionsExpiration #SPXcampaign
Expiring: $SPX 2225/2200 put spreads, sold for 2.40 on Dec 23rd
#OptionsExpiration #Weeklys #Jan6 – A…
#OptionsExpiration #Weeklys #Jan6 – A somewhat light week for options expirations. $SVXY and $NUGT had big upside moves, and $UVXY and $DUST both declined sharply before bouncing on Friday.
Luckily I had previously covered my UVXY 7 puts at a penny before this week’s pullback. I rolled in the money DUST puts down a few strike prices, but I did it on the opening and would have done better if I had waited out the day.
–Expirations–
CF (Weekly) Jan 6 2017 35 Calls (Covered)
DUST (Weekly) Jan 6 2017 35 Puts
DUST (Weekly) Jan 6 2017 85 Calls
MYL (Weekly) Jan 6 2017 40 Calls (Covered)
NUGT (Weekly) Jan 6 2017 7 Puts
NUGT (Weekly) Jan 6 2017 10.5 Calls (Covered)
NUGT (Weekly) Jan 6 2017 11 Calls (Covered)
NUGT (Weekly) Jan 6 2017 12 Calls (Covered)
SVXY (Weekly) Jan 6 2017 75 Puts
UVXY (Weekly) Jan 6 2017 10.5 Calls (Covered)
UVXY (Weekly) Jan 6 2017 11 Calls (Covered)
UVXY (Weekly) Jan 6 2017 11.5 Calls (Covered)
UVXY (Weekly) Jan 6 2017 20 Calls
–Assignments —
DUST (Weekly) Jan 6 2017 40 Puts (Covered) – assignment takes me out of a short stock position at a nice gain.
Have nice weekend everyone
Let us have more volatility next week.
#options expiration, 1/6/17 AMD 12.0…
#options expiration, 1/6/17
AMD 12.0 CALLS EXPIRED
JNUG 6.0 CALLS ASSIGNED Covered
JNUG 6.5 CALLS ASSIGNED Covered
JNUG 7.0 CALLS ASSIGNED At the last minute ;>) Covered
JNUG 6.5 PUTS EXPIRED
$SPX Puts Closed Early $SPX Calls Sold
#spxcampaign
$SPX 1/20 2135/2160 BUPS @ .20 82% profit STO on 12/22
STO
$SPX 2/3 2350/2375 BECS @ 1.35
Oh crap….FLL shooting
Airline stocks not reacting much yet.
http://www.nbcnews.com/news/us-news/gunman-opens-fire-fort-lauderdale-airport-killing-1-n704001
SPX calls rolled
#SPXcampaign Bought to close $SPX Jan 23rd 2300/2325 call spreads for 4.75. Sold for 2.65 on Tuesday.
#CondorRoll Sold to Open $SPX Jan 31st 2200/2225/2330/2335 iron condors for 4.80.
SPX Roll
#spxcampaign
December 19 Sold 2ea Jan 27 2170 short puts @ 8.90
January 6 buy 2 ea jan 27 2170 short puts @ 2.00
Gain 77%
Trade exited as ES bounced at the High of the session..
Fib Extension ( 100%) is at 2285, SPX hit 2281 and pulled back…thats good enuff for me..
january 6 Sell 2ea Jan 27 2220 short puts @ 4.90
SPX calls sold, puts closed
#SPXcampaign Bought to close $SPX Jan 19th 2160/2135 put spreads for .20. Sold for 1.30 on Dec 22nd.
Sold to Open $SPX Feb 3rd 2350/2375 call spreads for 1.30, with SPX at 2281.
SPX reverse roll
#SPXcampaign The push higher is underway. Rolling positions with 2300 as a short, since we’ve hit my stop level of 2280. This first one expires Wednesday, #ReverseRoll for the same date, same position size.
Bought to close $SPX Jan 11th 2300/2325 call spreads for 1.25. Sold as part of a condor for 7.25 on Dec 20th.
Sold to Open $SPX Jan 11th 2260/2235 put spreads for 1.55.
SFTBY took a small position…
SFTBY took a small position in this for long term hold.
Will $BABA Follow $AMZN Mania
#longcalls
$BABA BTO 2/17 95/100 BUCS @ 1.85
SPX puts closed
#spxcampaign
Bought to close $SPX 1/11 2200/2225 BUPS for .30. 90% profit
Bought to close $SPX 1/20 2080/2100 BUPS for .10. 96% profit
Bought to close $SPX 1/13 2105/2130 BUPS for .05 96% profit
Getting back to more normal number of $SPS trades
Thanks @jeffcp66 for letting me apprentice with you
#shortputs $APC STO 1/20 71.50…
#shortputs
$APC STO 1/20 71.50 puts @ 1.60
SVXY
STO January 2018, 50 puts @5.50 to offset my 2018 calls.
GDXJ
Yesterday, I followed Bobbie with a 37 strangle @2.65 for January 13 expiration. We need more volatility in gold next week.
New all-time high on the SPX
We are still above a new low on the VIX, but this should be the second day of VIX close below 11.73…. Bullish #VIXIndicator
SPX puts closed
#SPXcampaign Bought to close $SPX Jan 11th 2225/2200 put spreads for .20. Sold as part of a condor for 7.25 on Dec 20th.
$ILMN put spread
STO Jan 20 130/125 BuPS for 1.03
$ILMN has broken upward above the 50 day moving average. Certainly could pull back to it, but suspect 130 is safe in 2 weeks. Will manage at 50-60% profit if I’m correct.
REGN…oops
Earlier this week sold a Feb 3rd 335/412.5 strangle thinking that was the week before earnings. Looking a little closer, they seem to always announce late in the week during the first week of the month. Since that might be earnings I’m closing it for a .15 loss and replacing it with the week prior.
Sold REGN JAN 27 2017 322.5/395 Strangle @ 5.40 (5.25 with the loss on the “roll”)
AMGN
STO January 27, 150 puts @1.45
I meant to sell January 20 put had a fat finger.
$FB calander spread Jan 13…
$FB calander spread Jan 13 125 c/Jan 20 125@.11
AMZN ROLL
BTC January 6, 770 call @19.02
STO January 20, 775 call @21.37
So far, I have earned 12.50 in premium from selling weekly options since December 23, when I put the trade on. I also shorted the 500 puts in 2019 for a credit of 27.50 points but I am not counting that as a profit until it expires.
IBB
Stock covered by 270 calls this week…still debating. Maybe roll or let it go and hope for a pullback? Basis at 262.62…
WYNN
#PerpetualRollingStrangles #CoveredCalls – Rolled 88.5 calls out out to next week’s 89.5 @ even.
TLT
#PerpetualRollingStrangles – Rolling back over now so selling the rest of the short call position.
Sold TLT JAN 20 2017 123.0 Calls @ .60
AMZN…same as GOOGL
#ShortCalls #LEAPS – Rolling out but not up…sliding these short calls out along the 20ma. Planning on collecting max premium next 2 weeks then rolling way up into earnings if still ITM. Sold against a long Leap call.
Rolled 770.0 call out to next week 770.0 @ 3.26 credit.
$DUST #ShortPuts #RollOut – I’ve…
$DUST #ShortPuts #RollOut – I’ve rolled all my short Puts expiring today with strike prices in the mid 40’s out a month and down to strike prices in the high 30’s for small credits.
Boy was I early on those trades 😦
GOOGL
#ShortCalls #LEAPS – Rolling out but not up. Planning on collecting max premium next 2 weeks then rolling way up into earnings if still ITM. Sold against a long Leap call.
Rolled 802.50 call out to next week 802.50 @ 2.25 credit.
SVXY
STO January 2018, 195 call @6.05
STO January 2018, 200 call @4.45
$FB BTO Jan 20 125…
$FB BTO Jan 20 125 Call @.71 will hedge next week if move continues
RH…buh bye
#Earnings – Not liking the way this is acting. Dan made a comment that he was in a RH store the other night and it was dead and the employees looked bored…LOL Since this is from an old earnings trade and not a long term position I’m interested in, I’m unloading the stock and letting the remaining short calls expire. Net loss of 90 cents per share on a small position. If this 30 level doesn’t hold, the mid 20’s could be in play.
$FB roll Jan 6 120…
$FB roll Jan 6 120 c to Jan 13 122 .30 debit BuCS@1.12
Exp today 116/117 BuCS and 116/118 BuCS
GOOGL ROLL
BTC January 6, 810 call, and
STO January 20 820 call for a credit of 1.25
REGN dumping
REGN dumping
December JOBS report
+156,000 jobs in December
4.7% unemployment, up .1%
Avg hourly earnings jumped 10 cents
2.9% annual gain for wages in 2016
Labor force participation unchanged (and still low) at 62.7%
November revised upward from 178,000 to 204,000
October revised downward from 142,000 to 135,000
2016 total non-farm: 2.2 million
About 500K fewer than 2015
Dec unemployment is at 4.7%
Dec unemployment is at 4.7%
#FUZZBALL – Your GLD update…
@ Fuzzball –
Your GLD update was detailed and very interesting, really enjoyed it and would ask that you do more of it. Really very helpful as were the comments that followed. Helps me see how you approach a Setup and what results to expect. Please keep it up with the Updates…..they are not boring or too long. :))
The VIX Indicator and SPX…
The VIX Indicator and SPX Charts have been updated
Non-Farm Payroll (Jobs report) will be released at 8:30am ET
Trades
#spxcampaign
$SPX 1/13 2325/2300 BECS @ 1.20
$SPX 2/3 2135/2160 BUPS @ 1.45
Closed Early
$AMZN 720/770 BUPS @ 55% profit (partial position) Sold in October. Was way down at one point.
#bullputspread FB closed Jan. 20…
#bullputspread
FB closed Jan. 20 115/105 spread for .30, sold for 1.33 on Dec. 23.
SPX ITM call-roll
#SPXcampaign Sold to Open $SPXPM Jan 20th 2275/2300 call spreads for 8.60, completing the #CondorRoll from earlier today.
SPX trades closing
#SPXcampaign STOPPED, BTC $SPX Jan 13th 2280/2305 call spreads for 4.40. Sold for 4.70 on Dec 30th. Will look to roll tomorrow.
BTC SPX Jan 13th 2175/2150 put spreads for .20. Sold for 2.00 on Dec 14th.
CMG
$ShortPuts #IRA – Nice bounce so thinning out some more. Decks are cleared for earnings on Feb 2nd.
Bought to Close CMG MAR 17 2017 275.0 Put @ .83 (sold for 4.10)
DUST calls closing
#ContangoETFs #ShortCalls
BTC DUST Jan 20th 80 call for .05. Sold for 5.00 on Nov 17th
BTC DUST Jan 27th 107 call for .05. Sold for 3.00 on Dec 20th
#spxcampaign STO 17 FEB 17…
#spxcampaign STO 17 FEB 17 2135/2035 BuPS @4.50
#spxcampaign STO 3 FEB 17…
#spxcampaign STO 3 FEB 17 2170/2070 BuPS @4.00
#spxcampaign STO SPX 10 FEB…
#spxcampaign STO SPX 10 FEB 17 2165/2065 PUT @5.70
SHOP
This is am IPO that is making a new high.
STO February 17, 45 put @2.60
RH
#CoveredCalls – Just keep selling these at breakeven strikes. Would love to be done with it soon so I can get ready for earnings season. Was assigned from an earnings play at 35.05. Basis now reduced to 31.50.
Sold RH JAN 13 2017 31.5 Calls @ .54
SPX ITM roll, half done
#SPXcampaign Bought to close $SPX Jan 13th 2260/2285 call spreads for 11.15
#CondorRoll Sold to Open $SPXPM Jan 20th 2225/2200 put spreads for 2.65
Going to sell either the 2270 or 2275 call spread later today or tomorrow, when SPX is higher.
AMZN #CoveredCalls Sold $AMZN Feb…
AMZN #CoveredCalls
Sold $AMZN Feb 17 870 call @ 5.00
STZ
STO July 120 put @3.20
GDXJ BTO Jan 13 $35.50…
GDXJ BTO Jan 13 $35.50 Straddle
TLT
This was a stand alone trade playing the bounce. Not part of the long term position…
Bought to Close TLT JAN 20 2017 116.5 Puts @ .13 (sold for 1.11)
SPX puts sold
#SPXcampaign Filled on additional two spreads as the mild weakness turned into an actual drop. We’re still above Tuesday’s close, and provided we stay above 2260 I won’t change my outlook.
Sold to Open $SPX Jan 23rd 2200/2175 put spreads for 1.45
Sold to Open $SPX Feb 3rd 2160/2135 put spreads for 1.45
GLD adjustment and update (skip if it’s boring) :) :)
Update on one of my many TT style managed strangle positions. Basically, starts out as a wide strangle and is managed with credit rolls as the stock moves and held forever or until a perfect exit presents itself. I look at it like a dividend position that pays weekly. This has been a great test of this strategy in a worse case scenario of a massive sell off just after the position was started.
Long story short, right after selling the original strangle gold began imploding so I continued selling weekly calls all the way down after rolling the puts out about 3 months and leaving them at the same strike (nice credit). The entire time position size was about half until I could get more comfortable with the style.
Now, with GLD rebounding my short calls are finally ITM so here’s the adjustment. I’m getting a little bullish at least up to the 50ma resistance.
Rolled part of this week’s 109 calls to Feb monthly 119 puts @ 3.20 credit adding to original puts to get a full position.
Then, paired off with that, rolled remaining 109 calls to Feb monthly 113 calls at 1 for 5 ratio for 6.60 net credit.
So now, in a Feb monthly 119/113 inverted strangle full (but still small) position. If GLD starts rolling over again I’ll continue rolling down short calls slightly for a credit and roll the puts out again a few months. The cool thing about this is so far the trade has only been using about 3500 in margin (slightly more now with a full position) and has brought in a grand total of 37 points in premium in just a few months. That’s a decent dividend! The key to these types of positions for me is to forget about the P/L on the original position and accept the fact that it’s a long, long term play and try to collect as much premium as you can all the time. If it’s a ticker that’s not going to zero and uses little margin then sell, baby, sell!
Just an update for anyone interested…I think someone had told me to keep them updated so there it is.
Following The Leader
#spxcampaign
$SPX Jan 27th 2155/2180 BUPS for 1.30.
OT
Over on SMM, someone said that Gartman turned bullish. Not a good sign.
Closing BOIL
Bought to close $BOIL Mar 17 30 calls @ .20. Sold for 1.25 on 12/9. Shutting this down about 2 1/2 months early, about 85% max profit.
SPX bullish trades
#SPXcampaign As I posted yesterday, the #VIXIndicator is close to signaling another push higher in the next 10 days or so. Using this morning’s weakness to get positioned.
Sold to Open $SPX Jan 27th 2180/2155 put spreads for 1.40.
BOUGHT to open $SPX Jan 13th 2300/2325 call spreads for 1.45.
$SPX iron condor
STO Feb 17 2370/2360/2120/2110 @ 1.20
IRDM
STO February 10 puts @.45 cents.
RGLD covered call
#CoveredCalls #Earnings #Gold
STO $RGLD Feb 17th 75 covered call for 1.25
Looking for a bullish run in gold miners… DUST dropping today, lowest since the election.
$STZ
STO Feb 17 $135 puts @ $1.30
Basically hasn’t been below that level since Nov ’15
#spxcampaign $SPX 1/9 2230/2255 BUPS…
#spxcampaign
$SPX 1/9 2230/2255 BUPS @ 2.30 Following @jeffcp66
Closed Early
$SPX 1/9 2165/2190 BUPS @ 90% profit
#shortputs
$T Rolled 1/20 35 put to 1/20 42.50 put for added .60. Willing to add this decent yielding stock to my current full position of $T. Hopefully my $T will not runneth over.
Options Bistro 