SPX trades

#SPXcampaign Another day, another call spread stopped. Or two.

Bought to close $SPX March 16th 2390/2415 call spreads for 4.20. Sold Monday for 1.55.
#CondorRoll: Sold to Open SPX March 16th (same date) 2260/2285/2415/2440 iron condor for 4.45.

#ITMRoll: Bought to close SPX Feb 22nd 2300/2325 call spreads for 23.75. Sold for 7.50 on Feb 9th.
#CondorRoll (although each side sold separately):
Sold to open SPX March 1st 2305/2330 call spreads for 21.00
Sold to Open SPX March 1st 2320/2295 put spreads for 3.00

$UVXY #CoveredCalls – Adding some…

$UVXY #CoveredCalls – Adding some speculative short/partially covered calls on the late bump in volatility.
Sold UVXY FEB 17 2017 21.5 Calls @ 0.24 – expires in 2 days
Sold UVXY FEB 17 2017 22.5 Calls @ 0.15 – expires in 2 days
Sold 1 UVXY Mar 3 2017 22.5 Call @ 1.07
Sold UVXY Mar 10 2017 34.0 Calls @ 0.42

VIX moved up into the close

Sold $SVXY Jun 16 60 puts @ 1.41
#VXXGame

SPX Roll

#spxcampaign

Profit/Roll

Feb 03 sell 2 mar 17 2190 puts $8.00 $1,600.00
Feb 15 buy 2 mar 10 2200 puts -$3.00 -$600.00

Gain @ 65%

Feb 15 Sell 2 Mar 17 2260 puts $5.70 $1,138.00

REGN put side roll up

#Earnings #ShortStrangles Taking a cue from @fuzzballl and rolling up the good side,
BTC REGN March 17th 330 put for 1.50. Sold in the 330/400 strangle for 6.10 last Friday.
STO REGN March 17th 350 put for 3.80, so 2.30 credit on the roll.

Looking like the 400 call may have to be rolled UP. All biotech surging.

TMUS straddle

Borrowing an idea from a Tasty Trader. IV rank is still high at 59 (earnings were yesterday).
Sold $TMUS Mar 17 60 straddle @ 4.30 credit with the stock at 61.06. Looking to take 25% out of this trade. Breakevens are 56.76 and 65.36.

$UVXY #ShortCalls, #ContangoEtfs Bought to…

$UVXY #ShortCalls, #ContangoEtfs Bought to close my Feb 17th UVXY calls @ .05.

SBUX, some stock sold

#Earnings #StockTrades Sold $SBUX stock for 56.80. This is slightly above breakeven for this lot. Putting various limits, trail stops, etc, on the rest. No too interested in holding long term, and covered call premium is too weak.

Was assigned the stock via earnings #IronButterfly… sold the long puts to reduce cost basis to 56.76.

TECK

STO March 24, 20.5 puts @0.53 cents

TLT

#PerpetualRollingStrangles – Replacing this week’s expirations…

Sold TLT FEB 24 2017 119.5 Calls @ .59
Sold TLT FEB 24 2017 120.0 Calls @ .41

PEP partial closure

#Earnings Put a trail-stop on half my PEP Feb 17th puts… just filled for .66. Will wait the rest out for a lower price or expiration.

Also putting orders in to sell the long options, one for .05 and one for .10. If any fill I’ll try for higher prices.

SVXY

STO January 75 puts @ 8.90 to offset my January calls.

SVXY

STO January 245 call@6.20

$NUGT #RatioWrite – Bought to…

$NUGT #RatioWrite – Bought to close some of my NUGT MAR 17 2017 16.0 Calls @ 0.44 with the stock at 12.
Originally sold @ 0.66 on 2/2.
I reduced the ratio of short calls to stock from 7/1 to 5/1 while taking a small profit

NTAP earnings

#Earnings – Sold 37/39/41 iron flies @ 1.50. Risk .50 to make 1.50 selling two wide on a 2.35 expected move.

Rolled Gold (GLD)

#PerpetualRollingStrangles – Stuck right in between the inverted strikes. I’ll roll and collect more premium while leaving the strikes alone. At some point one side will expire.

Rolled this week’s 119/113 inverted strangles to Mar 3rd @ .60 credit

PEP #postearnings Sold March 17…

PEP
#postearnings
Sold March 17 105/100 put spread for .74, PEP just above 107

$UVXY $ShortCalls – Bought to…

$UVXY $ShortCalls – Bought to close all my outstanding UVXY3(pre-split) Mar 17 2017 60.0 Calls @ 0.01. They won’t trade any lower.
Originally sold around 3.00 in mid October.

$UVXY #CoveredCalls – with two…

$UVXY #CoveredCalls – with two and a half days until expiration, selling mostly covered calls for accounts that still have a bit of this stock. I welcome the chance to roll these if necessary.
Sold UVXY FEB 17 2017 20.5 Calls @ 0.33
Sold UVXY FEB 17 2017 21.0 Calls @ 0.25
Sold UVXY FEB 17 2017 21.5 Calls @ 0.21

TRIP earnings

#Earnings #ShortStrangles – Playing it slightly bullish. Selling at the expected move on the downside and above the expected move on the upside. Hasn’t traded below 45 in 4 years…

Sold TRIP FEB 17 2017 49.0/59.0 Strangles @ 1.20

SVXY

STO January 250 call @5.54, trying to keep up with all of you.

FFIV earnings

#Earnings – Took a couple weeks but out at even…

Sold to close FFIV stock/covered calls @ 135.65

SVXY strangle

#ShortStrangles – Sold SVXY JUN 16 2017 70.0/200.0 Strangle @ 3.85

Interesting divergence

Between the market and the VIX.

$NUGT #ShortPuts – adding to…

$NUGT #ShortPuts – adding to my #OptionLadder with the stock at 12.
NUGT MAR 10 2017 9.0 Puts @ 0.26
NUGT MAR 24 2017 9.0 Puts @ 0.50
NUGT MAY 19 2017 8.0 Puts @ 0.93

IBB delta adjustment

#ShortStrangles – Rolled put side of March strangle up a little to capture some more premium. Still net short but not AS short.

Rolled March 260 put up to 280 @ 2.53 credit.

Position is now 280/290 strangle @ 8.58 credit

Good Morning

Good Morning

PEP earnings trade

#Earnings Yesterday sold the $PEP Feb 17th 105/107/109 #IronButterfly for 1.33.

Just now, closed the 107 calls for .05. Now looking for a rise back toward 107 into Friday. Currently this trade is closable for breakeven, but I’m in it to win it.

SPX trades

#SPXcampaign Yesterday, STOPPED, bought to close $SPX March 10th 2365/2390 call spreads for 3.80. Sold for 1.30 last Thursday. (4.00 stop was hit at the highs yesterday)

#CondorRoll this morning… bringing in to a closer expiration date with 1.5x position size.
Sold to Open SPX Feb 27th 2275/2300/2375/2400 iron condors for 2.85, with SPX at 2335.

Also yesterday:
Bought to close SPX Feb 16th 2300/2275 put spreads for .20. Sold for 4.50 last Thursday.

Closing Early Assignment and Trade

#spxcampaign #longcalls #bullputspreads
Closed Early
$SPX BTC 2/17 2275/2300 BUPS @ .45 87% profit (Thanks @jeffcp66)
$SPX BTC 2/17 2355/2330 BECS @ 3.50 STO 1/19 @ 1.50 (Fortuitous fill- not my nickname)

$FB STC 2/17 120 call @13.60 BTO on 11/19 @7.30

$NVDA STO 3/17 100/105 BUPS @ 1.40

Assignment (lost dividend)
$MSFT 2/17 64 call

Happy Valentine’s Day to all. Back to green tomorrow.

$SVXY #ShortCalls – Sold 1…

$SVXY #ShortCalls – Sold 1 SVXY JAN 19 2018 250.0 Call @ 5.80 with the stock at 133.65. Highest available strike price.

$MYL #CoveredCalls – Sold MYL…

$MYL #CoveredCalls – Sold MYL APR 21 2017 45.0 Calls @ 0.76

SPX trades

#SPXcampaign Sold to Open $SPX March 16th (monthlys) 2405/2430 call spreads for 1.40, w/SPX at 2335. (standard weekly position)

#ITMrolling Dealing with three of these now, so I am rolling each one week before expiration.
Bought to close $SPX Feb 21st 2300/2325 call spreads for 18.50. Sold for 5.40 on Feb 1st.
Rolled one week further, 5 points higher: Sold to Open Feb 28th 2305/2330 call spreads for 16.50, w/SPX at 2327.

I sold that roll after we started recovering from this morning’s whipsaw. I intended to sell some puts to make up the 2.00 debit, but we kept going higher. Since I’m fairly heavy on aggressive put spreads, I felt better adding calls, believe it or not. So I added an extra call spread on the same expiry. I intend this one to expire while the one above will likely roll again:

Sold to Open $SPX Feb 28th 2365/2390 call spreads for 2.05, w/SPX at 2335.

$DUST #ShortCalls – Sold DUST…

$DUST #ShortCalls – Sold DUST JUN 16 2017 65.0 Calls @ 1.70. Offsetting some short put positions at the highest available strike price

$NUGT #ShortPuts #OptionLadder – a…

$NUGT #ShortPuts #OptionLadder – a while back I was selling DUST puts so that NUGT would go up. And it did.
Now I’m selling NUGT Puts so the DUST will go back up.
Sold NUGT MAR 10 2017 9.0 Puts @ 0.26
Sold NUGT MAR 17 2017 9.0 Puts @ 0.37
Sold NUGT MAR 24 2017 9.0 Puts @ 0.49
Sold NUGT APR 21 2017 7.0 Puts @ 0.37

GOOGL

Another long term diagonal spread. Rolled my 830 calls that expire Friday out to March 3, 835 calls for a credit of 0.90 cents. Some day I expect to get ahead of the stock and have the weekly options expire at zero.

GOOGL

In the long diagonal call spread, I rolled the 840, Feb. 17 call out to the March 3, 850 call for a credit of .70 cents.

#Short Puts Bought to close…

#Short Puts Bought to close $ETE Feb 17th 18 Puts @ .05. This was off a Good Till Cancelled order. Originally rolled from Jan 20th 18.50 Puts

AMZN roll

#LongCallDiagonals – Still easing it up a little at a time…

Rolled this week’s 782.5 call to Mar 10 785.0 @ .15 debit

Taking advantage of the pullback and paying a small debit to pick up 2.5 points in the strike price.

This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.

GOOGL roll

#LongCallDiagonals – Still easing it up a little at a time…

Rolled this week’s 820.0 call to Mar 3rd 825.0 @ even

This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.

PEP earnings

#SPXcampaign Taking another shot at an #IronButterfly. PEP rarely moves much on earnings. With stock at 106.30 this is slightly bullish placement… the chart is in a small uptrend; plus if it does drop or stay flat after the report it will have until Friday to rise back into range. Risking .67 to make 1.33.

Sold to Open $PEP Feb 17th 105/107/109 iron butterfly for 1.33.
Over last 12 reports, FIVE day moves: Biggest UP move: 3.8%, Biggest DOWN move: -4.2%, Average move: 2.0%. Breakevens on Friday are 105.67 and 108.33. -0.6% and +1.9% OTM.

NVDA

#ShortPuts #IRA – Looking for a bounce eventually…

Sold NVDA APR 21 2017 105.0 Put @ 5.10
Sold NVDA APR 21 2017 100.0 Puts @ 3.10
Sold NVDA APR 21 2017 95.0 Puts @ 1.75

SPX puts sold

#SPXcampaign Sold to open $SPX March 16th (monthlys) 2220/2195 put spreads for 1.30, with SPX at 2325.

Happy Valentines Day to all!

Happy Valentines Day to all!

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)

screen-shot-2017-02-13-at-6-07-03-am

sunday Open Trade YM

#futures

5pm Mkt opened reasonably flat…along the Vwap average line..
7:45 YM enters a squeeze, Wave moves above zero. Enter long YM at 20240, stop at 20220
8:00 YM squeeze trigger to the upside, Launch power strong above 50, ym starts to move up
8:30 YM moves above 20260, stop moved to BE
8:55 YM hits the 20280 level and stalls, wave and squeeze are declining, Trade closed, for 40 points
gain @ 40 points

Gives me a head start for the week coming..
also if the YM holds at 20260 or higher, we will open with a 30 or 40 point gap-up at 8:30 open..might be an opportunity for a open gap fade trade..

cheers, FW
ym