Too Much Too Soon? Only Time Will Tell

Inspired by @jeffcp66

#spxcampaign
$SPX 2/17 2295/2310 BUPS @ 1.15
$SPX 2/24 2275/2300 BUPS @ 2.10
$SPX STO 3/17 2200/2235 BUPS @ 2.10

AMZN

I took my profit on the 600 call in 2019 and the 500 put in 2019 and also covered the 785 call for this Friday. Altogether, it was over a 20% gain on that trade. I got the idea from Fuzzball so a hat tip to him.

BTO Mar17 SPX 2300/2295 1.30…

BTO Mar17 SPX 2300/2295 1.30 Debit

More stops, more rolls

#SPXcampaign Bought to close $SPX Feb 16th 2335/2360 call spreads for 4.25. Sold for 1.40 on Jan 20th.
#ReverseRoll Sold to Open $SPXPM Feb 17th 2320/2295 put spreads for 3.45, 1.5x position size. I keep daring the market to have kind of pullback… it’ll work one of these times.

Bought to close SPX March 10th 2360/2385 call spreads for 3.90. Sold for 1.45 last Tuesday.
#CondorRoll Sold to Open SPX March 16th 2200/2225/2400/2425 condors for 2.80, 1.5x position size

Couple of Late Trades

#shortputs #shortcalls
$JNUG STO 2/17 11 put @ .45
$T STO 3/24 41.5 call @ .40 (covered)

Closed Early
$SPY STC 2/17 230 call @ 3.15 BTO 1/27 @ 1.36

$WDC covered call

$WDC Feb 17 80.00 covered call in #IRA.
Cost 78.14 when stock at 78.55.
Wanted the stock, but if called away on Friday it is a nice bit of cash.

/VXJ7 quickie…

Sold last night and covering today. Thought we might get a little more drop but I’ll gladly take the .20 gain…

Bought to Close /VXJ7 @ 14.85 (sold for 15.05)

Anyone up for selling a…

Anyone up for selling a strangle on MLM?

REGN aggressive roll

Rolling put side of March strangle up to the 50ma…

Rolled Mar 330 put up to Mar 360 @ 5.17 credit.

New position is now 360/395 strangle @ 11.82

SPX

STO March 3, 2270 puts @4.20

I am taking one for the team so we can get some volatility.

#shortputs USO April 21, 11…

#shortputs USO April 21, 11 put at .37
#coveredcalls FEYE March 17, 13 calls at .18

AMZN Whiz trade…

Fun little Whiz trade from last week. I did it very small…

Bought to Close AMZN FEB 17 2017 800.0/797.5 Bull put spreads @ .04 (sold for .60)

Whole Lot of Shaking Going On

#spxcampaign #longcalls

Closed Early
$SPX BTC 2/17 2115/2140 BUPS @ .05 96% profit
$SPX BTC 2/24 2100/2200 BUPS @ .40 85% profit
$SPX BTC 3/2 2375/2350 BECS @ 3.80 STO 2/3 @ 1.40

Trades
$SPX STO 3/3 2250/2275 BUPS @ 1.90
$MS BTO 4/21 45 calls @ 2.25 (OMM)

SVXY long call

With this move today I feel like I need to trim a little of my higher risk long exposure…

Sold to Close SVXY JAN 18 2019 70.0 Call @ 73.16 (bought for 40.20)

/ES roll

Joining fibwizard with some rolls…

Bought to Close /ES MAR 17 2150 PUT @ 2.45 (sold for 15.00)
Sold /ES MAR 17 2270 PUT @ 10.25

I’ll re-short /ES with a close below 2300 to cover these. Until then, I’ll keep selling.

SPX Roll

#spxcampaign

Rolled Mar 10 SPX
Jan 26th Sold 2ea Mar 10th 2200 short puts @ 8.40
Feb 13th Closed 2ea Mar 10th 2200 short puts @ -2.55
gain @ 70%

Feb 13th Sold 2ea Mar 10th 2260 short puts @ 5.70

SPX Roll

#spxcampaign

Rolled Mar 3rd SPX
Jan 26th Sold 2ea Mar03 2210 short puts @ 7.00
Feb 13th Bought 2ea Mar03 2210 Short puts @ -1.75
Gain @ 74%

Feb 13th Sold 2ea Mar03 2270 short puts @ 4.40

#Contango ETFs Sold $UVXY Feb…

#Contango ETFs Sold $UVXY Feb 17th 24 Call at 0.24 when UVXY was at 21.02. I will roll out and up if needed. Alert set at 24. That’s all the red cape waving I can do for this bull.

$NUGT #ShortPuts – after dumping…

$NUGT #ShortPuts – after dumping some long stock in an IRA at 12.50 on an option assignment Friday I’m back to lightly selling Puts.
Sold NUGT Mar 17 2017 9.0 Puts @ 0.33
Sold NUGT Mar 24 2017 9.0 Puts @ 0.46
Sold NUGT Apr 17 2017 8.0 Puts @ 0.53

SVXY

STO January 2018, 240 call @5.60

I am waiting for you guys to take one more for the team because I am sitting on a lot of cash.

SVXY for the team :)

Still trying to take one for the team…

Sold SVXY FEB 24 2017 131.0/126.0 Bull put spreads @ 2.13

#contango ETFs, #short puts Spec…

#contango ETFs, #short puts Spec position. This replaced the Feb 10 90 puts that expired. Sold to open $SVXY Feb 17th 120 Put for 0.75 when $SVXY was at 127.65. 5 days to expiration. Will roll to avoid assignment. Targeting 50%-60% profit unless the rally continues.

CLF #CoveredCalls Sold $CLF Mar…

CLF #CoveredCalls
Sold $CLF Mar 17 13.00 calls @ .52-.54

SPX busy morning

#SPXcampaign As we sail up higher I am stopping out on some standard call spreads. Using a 4.00 stop, and #Rolling into puts or condors

Bought to close $SPX Feb 16th 2330/2355 call spreads for 4.05. Sold for 1.45 on Jan 18th.
#ReverseRoll Sold to Open $SPX Feb 24th 2300/2275 put spreads for 2.85, 1.5x position size.

Bought to close $SPX March 3rd 2345/2370 call spreads for 4.30. Sold for 1.40 on Feb 1st.
#CondorRoll Sold to open SPX March 3rd 2250/2275/2380/2405 iron condors for 3.00, 1.5x position size.

Also, bought to close SPX Feb 21st 2250/2225 put spreads for .20. Sold for 3.60 on Feb 1st.

$DUST #ShortPuts – a preemptive…

$DUST #ShortPuts – a preemptive roll for this week’s worst put position to get some breathing room.
Bought to close DUST Feb 17 2017 40 Puts / Sold DUST Jun 16 2017 35 Puts @ 0.10 credit

$CF #CoveredCalls – Sold CF…

$CF #CoveredCalls – Sold CF MAR 3 2017 38.0 Calls @ 0.69 replacing similar calls that expired Friday.

AGN

STO May 19, 225 put @5.75

SPX trades

#SPXcampaign In overnight session, bought to close $SPX Feb 24th 2200/2175 put spreads for .20. Sold for 1.55 on Jan 25th.

Right after the bell, Sold to Open $SPX March 16th 2390/2415 call spread for 1.55, with SPX at 2322.

And another SPX all-time high……

And another SPX all-time high… good morning all!

Econ Calendar for week of 2/13/17

This always is available all week on the menu at the top of the Bistro page (upper right)

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