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!

🙂 🙂