After close ES/YM Trades

#futures
Feb 01 5:05pm shorted ES as the TTM_Squeeze fired off to the downside..at 2275
Feb 02 00:10 am Exited my trade at 2265 as the TTM_Wave bars approached the zero line..another 1 PP move..
gain of 10 points..
250/pt

Feb 01 5:05pm Shorted YM as the TTM_squeeze and TTM_Wave Fired in tandem to the downside at 19820
Feb 01 10:40pm Exit my trade at 19750, as the TTM_Wave bars cross the zero line, and the squeeze moves upward
gain of 70 points
25/pt

#Earnings #SPXCampaign

#earnings
$AMZN STO 2/17 910/900 BECS @ 1.18
$AMZN STO 2/17 790/800 BUPS @ 2.96
$BMY STO 2/3 48 put @ .45
$FB STO 2/3 123 put @ .70
$FB STO 2/3 125 put @ 1.00

#spxcampaign
$SPX STO 2/6 2325/2300 BECS @ 1.20
$SPX BTO 2/13 2330 2355 BUCS @ .40 (Lottery ticket – but a good idea – thanks @jeffcp66)

#longcalls #earnings
$ULTA BTO 3/17 260 call @18 Earnings March 9th

VIX Indicator and SPX Chart…

VIX Indicator and SPX Chart have been updated

SVXY adjustment

OK…here’s what I did…gulp. Since it’s in an #IRA I can’t leave the short call naked so wanted to do something to get it out of the way of the long call profit.

Bought to Close SVXY JUN 16 2017 115.0 Call @ 22.20
Sell to Open SVXY SEP 15 2017 200.0/170.0 Bull put spread @ 24.70

So….a 2.50 credit for the roll and 3.00 for the original call sale for a total of 5.50 on the 30 wide spread. Now let’s say when Sept. rolls around SVXY is trading at 30. I would own 100 shares at a basis of 54.50. Not bad when you factor in all the other shares that would be in the position at much much lower prices from put exercises and outright stock buys…( I actually hope this happens!)

If we don’t get an implosion (not likely) this position would still have a shot at expiring worthless.

Now…the rest of the story:

Still holding Jan. 2019 70 strike long call currently at 65.75 (bought for 43.00) so nicely green. Also still holding Jan 2019 50/30 bull put spreads that are working. I can now manage these as necessary without the short call issue. Seems worth the hassle to hang onto the big gains…

For everyone else that’s looking to re-load on SVXY, this adjustment almost guarantees that the opportunity will be here soon! 🙂 🙂

$UPS #FallingKnife – another good…

$UPS #FallingKnife – another good candidate

$FB Up after hours to 137.26 now.

Looking good for #earnings

ANTM puts

BTC Feb. 17 135 puts @0.05, sold @1.35