SPX Chart and VIX Indicator have been updated

Long overdue update to the SPX Chart… congrats if you can decipher all of the roll-arrows.

The VIX hit highest high since 1/31 and highest low since 1/19.

Expiration

#spxcampaign (knock off version)
$RUT 2/28 1310/1335 BUPS @100 % profit

#shortputs
SVXY Mar 17 2017 85.0 Puts @ 0..48 Thank you @optioniceman

$SVXY #ShortPuts – Some of…

$SVXY #ShortPuts – Some of these are covered by short stock
Sold SVXY Mar 3 2017 104.0 Puts @ 0.20
Sold SVXY Mar 3 2017 108.0 Puts @ 0.44.
These expire in 3 days

SVXY Late trade

STO March 17, 80 put @0.30 cents

Nice Day on The YM

#futures

Lunch time Moves
11am Shorted YM at the 810 level as ES, Ticks and indexes converged …
11:30 Exit at 770, as ticks hit -1200,
gain 40 points

11:35 Long YM at 780, after Ticks hit -1200, and a bounce of the Mid PP..
12:00 Exit trade at the 810, for 30 points, as price comes back to the 34ma and 61% fib retrace
gain 30 points

ym-tuesday

SVXY

STO March 17, 95 put @0.95

STO March 24, 95 put @1.40

STO March 31, 95 put @1.40

KMX puts

Not a #FallingKnife trade but it has that feeling.
Sold $KMX Jul 21 52.50 puts @ 1.26 with the stock at 64.39.
I like this stock long term so I would likely take assignment in July in the event it drops another 20% by then.

SPX calls closed

#SPXcampaign Bought to close $SPX Feb 28th 2365 short calls for .55, with SPX at 2361 and 96 minutes left to trade. Since the market has been rallying at day’s end quite often, using this dip to get out cheaply. Sold as the 2365/2390 spread on Feb 14th for 2.05.

$DUST #Sh0rtCalls – First the…

$DUST #Sh0rtCalls – First the stock dipped to 31 than rallied back to 34
Sold DUST Apr 21 2017 53.0 Calls @ 1.40
Sold DUST Jun 16 2017 65.0 Calls @ 2.70.
Both are the highest available strike prices.

$SVXY #ShortPuts – sold these…

$SVXY #ShortPuts – sold these on the spike down to 122. Less than 3 weeks to expiration.
Sold SVXY Mar 17 2017 85.0 Puts @ 0.52
Sold SVXY Mar 17 2017 80.0 Puts @ 0.34

$UVXY #ShortCalls – Sold UVXY…

$UVXY #ShortCalls – These also expire Friday
Sold UVXY Mar 3 2017 27.5 Calls @ 0.20 with the stock at 22.05.
Sold UVXY Mar 3 2017 27.0 Calls @ 0.29 with the stock at 22.05.

$UVXY #ShortCalls – Sold UVXY…

$UVXY #ShortCalls – Sold UVXY Mar 3 2017 26.5 Calls @ 0.33 with the stock at 22.50. These expire Friday

DUST calls

Sold $DUST Apr 7 (weekly) 50 calls @ 1.12 and 1.13. This is the new highest strike in 4/7.

EWW–booking profit and re-establishing

Bought to close $EWW Mar 17 42/48 strangles @ .38. Sold for 1.13 on 1/24.
Initiating a position in April:
Sold to open $EWW Apr 21 43/49 strangles @ 1.13

Lowest NYSE $TICK since Jan…

Lowest NYSE $TICK since Jan 19th.

DLTR earnings

#Earnings Sold to Open $DLTR March 3rd 69.5/87 strangles for .95.
THREE-DAY moves: Biggest UP move: 13.5%, Biggest DOWN move: -12.1%, Average move: 6.3%. Bias: +1.8%. These strikes are -9.6% and +13.1%. Slightly bullish.

BBY earnings

#Earnings Sold to Open $BBY March 3rd 42 puts for .97. THREE-DAY moves: Biggest UP move: 22.3%, Biggest DOWN move: -3.2%, Average move: 7.0%. This strike is -5.7%. Bullish position. BBY has solidly positive bias on earnings reports.

GOOGL roll

Rolled March 3, 835 calls to March 17 840 calls for 1.30. One day these will go down and I will be able to let them expire.

SVXY

STO January 55 puts @4.45

PANW earnings

#Earnings Sold to Open $PANW March 3rd 135/170 strangles for 1.35. Biggest UP move: 10.6%, Biggest DOWN move: -13.2%, Average move: 7.0%. These strikes are +11.2% and -11.7% OTM.

CBI earnings

#Earnings Sold $CBI March 3rd 32 puts for .40. Biggest UP move: 15.6%, Biggest DOWN move: -9.2%, Average move: 6.3%. This trade is -5.5% OTM. Not a big mover, and with an upside bias at earnings.

PCLN WOW –

PCLN WOW –

Free Webinars

The CBOE is where I first learned a lot of my initial options education. They have many archived webinars and also frequent free live ones, like this one tomorrow. Follow this link to register: http://www.cboe.com/education/webcasts

screen-shot-2017-02-28-at-6-11-24-am

good morning

Earnings before Open
American Eagle Outfitters (AEO) – consensus EPS $0.38
Best Buy (BBY) – consensus EPS $1.67
Dollar Tree (DLTR) – consensus EPS $1.32
Lowe’s Cos. (LOW) – consensus EPS $0.79
Office Depot (ODP) – consensus EPS $0.10

Earnings After Markets Close
Box (BOX) – consensus EPS -$0.14
General Communication (GNCMA) – consensus EPS -$0.08
Juno Therapeutics (JUNO) – consensus EPS -$0.61
Shake Shack (SHAK) – consensus EPS $0.09
Vector Group (VGR) – consensus EPS $0.17
Veracyte (VCYT) – consensus EPS -$0.26
PANW also has earnings.

Expiration Closed Early and Some Trades

#optionsexpiration
$SPX 2/27 2400/2375 BECS

Closed Early
#shortputs
$SVXY 3/17 BTC 45 put @ .05 99% profit
$SVXY 3/17 BTC 40 put @ .05 98% profit

#spxcampaign
$SPX STO 3/31 2225/2250 BUPS @ 1.25 Thank you @jeffcp66

#$RUT $SPX Knock off Campaign
$RUT 3/17 1315/1335 BUPS @ 1.20 (SUZ @OMM trade)

#shortcalls
$UVXY STO 3/10 30 calls @ .30 Thank you @jdietz1954

SPX ITM roll

#SPXcampaign #ITMroll
Bought to close $SPX March 6th 2315/2340 call spreads for 23.40. Sold for 21.40 last Tuesday.
Sold to Open $SPX March 3rd 2325/2350 put spreads for 2.50 about 40 minutes before bell.
Sold to Open $SPX March 13th 2325/2350 call spreads for 20.55 about 10 minutes after the bell.

Was able to move up 10 points again, but wasn’t able to time the swings, so I have a .20 debit on this roll. That’s fine, since I have had credits on all previous rolls on this trade. Also I sold the put spread for this Friday so it won’t be in the way if we start a multi-week decline.

$DUST calls

Sold the following on the spike:
$DUST Apr 21 53 calls @ 1.38
$DUST Mar 31 41 calls @ 2.24
$DUST Mar 17 41 calls @ 1.20

SVXY

STO September 50 puts @1.75

SVXY

STO January 50 puts @ 3.40 in the IRA.

$GDX – what’s up with…

$GDX – what’s up with the GOLD Miners. The metal is within a few ticks of a 3 month high?

SVXY

In an account that I manage.

STO January 60/250 strangle @9.90

SVXY

STO January 55 puts @4.31 in same IRA. I am still waiting for the big correction.

SVXY

STO June 55 puts @1.25 in my IRA> I am sitting on a lot of cash in that account.

STO June 60 puts @1.70 in my IRA.

$SVXY #ShortPuts Sold March 17th…

$SVXY #ShortPuts Sold March 17th 110 Puts @ 1.66. when $SVXY was at 128.06. Where upon TOS promptly crashed. Must have shocked the system. I now see that I was a bit early.

$DUST #ShortPuts #ShortCalls – some…

$DUST #ShortPuts #ShortCalls – some slight adjustments in my DUST exposure with DUST over 30.
Bought to close DUST Mar 3 2017 24.0 Puts @ 0.05. They have reached minimum value.
Sold DUST Mar 24 2017 41.0 Calls @ 0.90
Sold DUST Mar 31 2017 41.0 Calls @ 1.25
Sold 1 DUST Apr 7 2017 38.0 Call @ 2.05
Sold DUST Jun 16 2017 65.0 Calls @ 1.70.
Sold DUST Jan 19 2018 90.0 Calls @ 4.80.
All the new calls are at the highest available strike prices and are paired with plenty if ITM short Puts

#earnings AZO followed Jeff with…

#earnings
AZO followed Jeff with an IC March 17 670/680/780/790 for 1.35

#earnings LNG LNG barely moves,…

#earnings
LNG LNG barely moves, a couple 3% moves, everything else is minimal
Sold March 3 iron fly 47/49/49/50.5 for 1.24, risking 176. Profitable between 47.75 and 50.24.

$CVS #ShortPuts – Bought to…

$CVS #ShortPuts – Bought to close CVS Mar 10 2017 72.0 Puts @ 0.01. They won’t trade any lower.
Since this is an IRA account, this is a big cash release that can be used on other trades.
Originally sold at 0.69 in late January.

SPX trades this morning

#SPXcampaign These trades in the first hour:

Bought to close $SPX Feb 27th 2375/2400 call spreads for .20. Sold as part of a #CondorRoll on Feb 15th for 2.85.

Sold to Open $SPX March 31st 2250/2225 put spreads for 1.35, when SPX was at 2363.

Clinging on to Feb 28th 2365/2390 call spread.. Hoping for expiry worthless or at least cheaply.

Earnings AZO & PCLN

#Earnings The two high fliers on the same day… going for AZO March 17th 680/780 strangle, for around 4.00 (no fill yet).

PCLN not as sure… heavy margin required and this one can move a lot more than AZO. Ideas, anyone?

#earnings WDAY-pretty good premium, pretty…

#earnings
WDAY-pretty good premium, pretty volatile after earnings, down 12% last December, up 18% a year ago, a minus 11, plus 7, all in the last 7 reports. No position-yet

$UVXY #ShortCalls Sold March 10th…

$UVXY #ShortCalls Sold March 10th 30 Calls @ 0.35 when $UVXY was at 21.44 earlier this morning.

GOOGL Fuzzball trade

I rolled my diagonal march 3, call from 850 out to the March 17, 860 call for a pick up of 1.50 plus 10 points in the strike. These are against the long position of the 600 call in 2019.

UBNT covered calls

STO June 55 calls @2.03

$UVXY #ShortCalls – Sold UVXY…

$UVXY #ShortCalls – Sold UVXY Mar 3 2017 27.0 Calls @ 0.22 with the stock at 21.71. These expire on Friday

Earnings before Open

AES Corp (AES) – consensus EPS $0.36
American Tower (AMT) – consensus EPS $0.58
BioCryst Pharma (BCRX) – consensus EPS -$0.23
Horizon Pharma (HZNP) – consensus EPS $0.51
JinkoSolar (JKS) – consensus EPS $0.65
Shutterstock (SSTK) – consensus EPS $0.45
Sotheby’s (BID) – consensus EPS $1.17

Earnings After Markets Close
Apple Hospitality REIT (APLE) – consensus EPS $0.19
Black Stone Minerals (BSM) – consensus EPS $0.15
Everbridge, Inc. (EVBG) – consensus EPS -$0.04
Integer Holdings Corp (ITGR) – consensus EPS $0.85
JBT Corp. (JBT) – consensus EPS $0.67
Perrigo (PRGO) – consensus EPS $1.62
The Priceline Group (PCLN) – consensus EPS $13.09
Workday (WDAY) – consensus EPS -$0.01
ZTO Express (ZTO) – consensus EPS $0.16

Econ Calendar for week of 2/27/17

screen-shot-2017-02-26-at-7-52-28-pm

Friday’s extreme prices. I’m not…

Friday’s extreme prices. I’m not expecting either stock to exceed these levels in the coming week, but would welcome it.
$SVXY – low at 118.44
$UVXY – high at 23.82

Projections: if UVXY rallies 10% above the high to 26.20, SVXY should dip 5% below the low to 112.51

Monday happenings

#news items
Monday February 27th

Durable Goods Orders 8:30 AM ET
Pending Home Sales Index 10:00 AM ET
Dallas Fed Mfg Survey 10:30 AM ET
Robert Kaplan Speaks 11:00 AM ET
4-Week Bill Announcement 11:00 AM ET
3-Month Bill Auction 11:30 AM ET
6-Month Bill Auction 11:30 AM ET

Oscar Nominees…

…are probably really nervous about now! The only similarity between this post and the Oscars is that I was weeding out trading bookmarks, as some actors will be weeded out tonight, so here are some of my winners that might be of interest to you?
tradingview.com
optionslam.com
earningswhispers.com/calendar
optionistics.com/quotes/stock
savingsbonds.gov
stockcharts.com
…add to the list if you want.

Enjoy the show!

Expiration and Closed Early

#optionsexpiration
$SVXY 95 put

Closed Early
#spxcampaign
$SPX 3/3 2250/2275 @ .10 94% profit
$SPX 3/3 2140/2165 BUPS @ .05 95% profit

#shortputs
$TRIP STO 6/16 38 put @ 1.40 Thanks @ramie77
$X STO 3/17 35.50 put @ 1.59

Thanks to everyone. Have a great weekend.

Friday Parting Notes

#markets

Trin opened at 1.01, closed at 1.81…look for a rally Monday
Vix opened at 12.5, coasted downhill as the mkts faded the open gaps
P/C opened at 1.13 for a high, and finished at 0.94..tends to lean bullish for monday…

YM closed the 80 point opening gap the last 30 minutes, to close at 20777, after opening at 20711..a most bullish comeback…

Have a great WE…

#OptionExpiration 2/24/17 Expiring $SVXY 121…

#OptionsExpiration 2/24/17
Expiring
$SVXY 121 Puts
$SVXY 110 Puts
$SVXY 95 Puts

Options Expiration 2/24/17

#OptionsExpiration #Earnings #ShortStrangles

All I got this week is one. Good couple of weeks for earnings trades!
–Expiring–
DISH Feb 24th 60/67 strangles, sold for .90 on Tuesday.

SPX trades today

#SPXcampaign $SPX
These spreads closed today:
SPX March 3rd 2275/2250 puts for .20. Sold in a condor for 3.00 on Feb 13th
SPX March 1st 2395/2420 calls for .20. Sold in a condor for 4.10 on Tuesday.
SPX Feb 28th 2325/2300 puts for .20. Sold for 3.00 last Friday.
SPX March 10th 2225/2200 puts for .20. Sold for 1.50 on March 10th.

This one was rolled; rolled into two call spreads rather than a condor.
#ITMroll Bought to close SPX March 3rd 2350/2375 call spreads for 13.40. Sold for 1.50 on Feb 3rd.
Sold to Open March 10th 2360/2385 call spreads for 11.50
Sold to Open March 1st 2380/2405 call spreads for 2.15

Exprations

I have nothing this week but bon weekend to everyone.

OptionsExpiration

$SVXY $70 puts
$SVXY $75 puts
$UVXY $23.5 calls
$UVXY $45 calls
$UVXY $50 calls
$UVXY $55 calls
$UVXY $60 calls

Have a great weekend everyone.

#OptionsExpiration #Weeklys #Feb24 – A…

#OptionsExpiration #Weeklys #Feb24 – A pretty good week as almost everthing worked(again). $SVXY pulled back allowing more puts to be sold, $UVXY rallied so a new set of Weekly and Monthly calls could be sold, and $DUST continued to rally despite the move up in #Gold allowing some more short Puts to expire.

Also, a couple of covered call positions were assigned and closed out profitably, raising more cash for the coming months.

— Expirations —
DUST (Weekly) Feb 24 2017 26.5 Puts

SVXY (Weekly) Feb 24 2017 70 Puts
SVXY (Weekly) Feb 24 2017 80 Puts
SVXY (Weekly) Feb 24 2017 85 Puts
SVXY (Weekly) Feb 24 2017 100 Puts
SVXY (Weekly) Feb 24 2017 101 Puts
SVXY (Weekly) Feb 24 2017 102 Puts
SVXY (Weekly) Feb 24 2017 103 Puts
SVXY (Weekly) Feb 24 2017 104 Puts
SVXY (Weekly) Feb 24 2017 108 Puts
SVXY (Weekly) Feb 24 2017 112 Puts
SVXY (Weekly) Feb 24 2017 133 Calls

UVXY (Weekly) Feb 24 2017 23 Calls (Covered)
UVXY (Weekly) Feb 24 2017 23.5 Calls (Covered)
UVXY (Weekly) Feb 24 2017 24 Calls (Covered)
UVXY (Weekly) Feb 24 2017 25 Calls (Covered)
UVXY (Weekly) Feb 24 2017 26 Calls (Covered)
UVXY (Weekly) Feb 24 2017 40.5 Calls
UVXY (Weekly) Feb 24 2017 43 Calls
UVXY (Weekly) Feb 24 2017 55 Calls
UVXY (Weekly) Feb 24 2017 56 Calls
UVXY (Weekly) Feb 24 2017 57 Calls
UVXY (Weekly) Feb 24 2017 58 Calls
UVXY (Weekly) Feb 24 2017 59 Calls
UVXY (Weekly) Feb 24 2017 60 Calls

— Assignments —
MRVL (Weekly) Feb 24 2017 15.5 Calls (Covered)
MYL (Weekly) Feb 24 2017 41 Calls (Covered)

$UVXY #ShortCalls #VXXGame #TopOfTheChain -…

$UVXY #ShortCalls #VXXGame #TopOfTheChain – sold all these this morning at the highest available strike.
Sold 1 UVXY MAR 31 2017 33.5 Call @ 1.84
Sold 1 UVXY APR 21 2017 41.0 Call @ 1.95
Sold 1 UVXY JUN 16 2017 60.0 Call @ 2.90
Sold 1 UVXY SEP 15 2017 60.0 Call @ 4.60

SVXY for the team

#TakeOneForTheTeam – Looks like I’m getting some stock assigned at 131 from the 131/126 Bull put spreads. Going for max downside protection by selling the covered calls ITM near breakeven. I’ll have to roll a week to turn a profit but wanted absolute maximum protection to the downside.

Here we go:

1. Received 2.18 for original spread sale
2. Sold to Close SVXY FEB 24 2017 126.0 Puts @ 2.50 (not a great fill)
3. Sold SVXY MAR 3 2017 120.0 Calls @ 5.74

So…stock assigned at 131 with 10.42 premium received leaving a basis of 120.58 with covered calls at 120. Actually had this calculated to be breakeven but awful fill on long puts got me in the hole a little.

We’ll see how it goes….but it looks like I did TOFTT!

🙂 🙂

SPX Trade

#spxcampaign

23-Feb Sold 2 Mar 24 2165/2265 BUPS @ 4.00

/ES

#Futures #ShortPuts – Forgot about this order…filled early this morning.

Bought to Close /ES APR 17 (Wk3) 2200 PUT @ 10.75 (sold for 22.00)

MELI trade closed, FB stock sold

#Earnings Bought to close $MELI March 17th 180 puts for .50. Sold for 2.00 yesterday.

Also,
Sold to close $FB stock for 135.21. This is one-fourth of my position of my 13-month earnings trade. Cost basis 132.88 on this lot.

#ShortPuts #StockTrades

CMG strangle

#ShortStrangles – Previously closed the March put on the rally. Closing the call side on the bounce at the 200ma and re-selling a nice big wide one for April that can hopefully be closed early as well.

Bought to Close CMG MAR 17 2017 450.0 Call @ .90 (sold for 3.00 with nice 4.70 gain for entire strangle)

Then:

Sold CMG APR 21 2017 370.0/460.0 Strangle @ 5.03

#ironcondor

Closed SPX Trade

#spxcampaign

Closed Mar 10’s

13-feb Sold 2 Mar 10 2260 short puts @ 5.70 Credit of 1140
24-Feb Bought 2 Mar 10 2260 short puts @ -1.60 Debit of -320

gain @ 68%

#bullputspreads TSLA Sold March 10…

#bullputspreads
TSLA Sold March 10 240/230 for 1.02. TSLA dropped to 252 before recovering to 257 now today, still some premium left over from earnings.

$UVXY now negative on the…

$UVXY now negative on the day, $SVXY Positive

SVXY

STO April 7, 86.5 puts @1.90

STO April 21, 85 puts @2.60

$SVXY $UVXY

Added a few more
STO $SVXY Mar 17 $85 puts @ $0.72
STO $SVXY Apr 7 $86.5 puts @ $1.95 (followed @ramie)
STO $UVXY $60 call @$3.00

#ShortPuts Sold $SVXY March 17th…

#ShortPuts Sold $SVXY March 17th 100 Put @ 1.70 when $SVXY was at 122.52

Friday Futures Gap Trade

#futures

Friday, YM(Dow-30), gaps down at open 80 points, pre-mkt volume normal, Gap fade trade started

8:30 enter YM long at 20720 at open, dow-30 opens 50-50..
10am exit half my trade as YM hit the 20760, at the PP Midlevel..
gain of 40 points

remaining half of my trade left to run….

12:00p Exit the other half of the trade at 20760, as YM cant seem to break the 760 level..
Gain of 40 points on that half also..

If the gap doesnt fill later, we will go into next week with a black hole..which will draw it the YM back to the
gap fill area level..I will mark my chart and be aware of it…

Cheers..

VXX GAME

STO September 45 puts @1.45 and 50 puts @2.05

Roll $SVXY

#shortputs

$SVXY BTC 2/24 121 put

$SVXY STO 3/3 120 put @ additional 1.40 credit

SVXY

#IRA #ShortPuts – Closing my highest in the #IRA strike for nice profit and selling a lower one further out.

Bought to Close SVXY MAR 10 2017 100.0 Put @ 1.08 (sold for 2.55)

Sold SVXY APR 7 2017 86.5 Put @ 1.98 (lowest available strike)

$SVXY #ShortPuts – Sold these…

$SVXY #ShortPuts – Sold these for Today and for Next Week
Sold SVXY Feb 24 2017 112.0 Puts @ 0.24
Sold SVXY Mar 3 2017 96.0 Puts @ 0.39
Sold SVXY Mar 3 2017 95.0 Puts @ 0.25
Sold SVXY Mar 3 2017 94.5 Puts @ 0.25