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

NTAP earnings

#Earnings – Took stock after earnings and wrote covered calls. I can let the stock get called away today @ 40.50 and take a 23 cent loss or roll a week and hope to get out at even….hmm

Only a 4 contract position so about 100 bucks after fees….might just ship it on down the road.

$SVXY #ShortPuts #VXXGame – Sold…

$SVXY #ShortPuts #VXXGame – Sold all these just after the opening with the stock at 120.
SVXY Apr 21 2017 75.0 Puts @ 1.50
SVXY Jun 16 2017 67.0 Puts @ 2.85
SVXY Sep 15 2017 35.0 Puts @ 0.72
SVXY Sep 15 2017 45.0 Puts @ 1.45
SVXY Sep 15 2017 50.0 Puts @ 2.10

Sell your remnants to the low bidders

#Earnings #IronButterfly #Leftovers
Yesterday I closed my $W iron butterfly with a nice profit. I only closed the short 40 calls and puts, as the long 35 puts and long 45 calls had no activity.

BUT, I did put in GTC orders to sell the longs at .05. This morning, with the stock hitting a low of 37.45, the put side filled. So I got an extra $15.00 on the trade… this one happened to execute with only 4 cents of commission, but many brokers charge no commission for 5-cent closings, and even if I was charged $4 (which would be my broker’s max commission on a 3-lot) it is still worth extra the $11 in profit.

RH closing

#Earnings
BTC RH Mar 24 24 put @ .30, sold on Feb 9 @ 1.55…taking 80% profit with this 24% earnings gap up.

#VXXGame $UVXY Bought to close…

#VXXGame $UVXY Bought to close my Feb 24th 26 Calls @ .04. Taking risk off just in case something weird happens and the market rolls over. I’m too old for that level of a #Funday. Ha!. Now for that pesky $SVXY 121 Put.

$UVXY $SVXY

#vxxgame

Made a few trades and now just watching.
STO $SVXY Apr 21 $65 puts @ $0.90
STO $UVXY Mar 17 $46 calls @ $0.40
STO $UVXY Mar 24 $45 calls @ $0.55

Some #VXXGame trades Sold $UVXY…

Some #VXXGame trades
Sold $UVXY 9/15 60 calls @ 5.00. Highest strike.
Sold $SVXY 4/7 86.50 puts @ 2.05. Lowest strike.

TLT

#PerpetualRollingStrangles – Booking a winner with TLT reversing. Looking to re-center and re-sell at some point.

Bought to Close TLT MAR 10 2017 116.0/122.0 Strangles @ .90 (sold for 1.31)

VXX GAME

STO June 60 call @ 3.10

BIDU earnings

#Earnings – Trading well outside the fly so:

Bought to Close BIDU 180/185/190 iron fly 4.35 (sold for 4.15)

$UVXY #ShortCalls $SVXY #shortputs Today…

$UVXY #ShortCalls
$SVXY #Shortputs
Today is going to be a #Funday

Good morning

Finally a down day to start the day.