I had no expirations but I hope everyone has a nice weekend.
Monthly Archives: February 2017
Earnings/Expiration/Trades/Assigned
#optionsexpiration
$SPX 2125/2150 BUPS
$SPX 2225/2250 BUPS
$YELP 43 calls (will cover again) (Kept position over earnings – my bad)
$SVXY 85 put
$NVDA 107 put (Earnings)
#assignment
$AKAM @65 (Earnings Trade Basis 64.25)
#shortputs
$UBNT STO 6/16 45 put @ 1.60 Thank you @jsd501
#OptionsExpiration for 2/10 Only 2…
#OptionsExpiration for 2/10
Only 2 expirations this week (both earnings trades–thanks @jeffcp66)
$ATVI 02/10/2017 36.00 puts
$NVDA 02/10/2017 108.00 puts
No assignments.
Have a great weekend everyone.
#OptionsExpiration #Weeklys #Feb10 – Just…
#OptionsExpiration #Weeklys #Feb10 – Just an OK expiration as $SVXY just won’t quit ramping and $DUST spends too much time in the mid 20’s.
Sold most of a long stock position in $NUGT in an IRA at a nice gain after sitting on it for 3 months and writing covered calls every week.
A big monthly expiration next week.
— Expirations —
CF (Weekly) Feb 10 2017 37 Calls (Covered)
CVS (Weekly) Feb 10 2017 81.5 Calls (Covered)
NUGT (Weekly) Feb 10 2017 7.5 Puts
SVXY (Weekly) Feb 10 2017 80 Puts
SVXY (Weekly) Feb 10 2017 85 Puts
SVXY (Weekly) Feb 10 2017 88 Puts
SVXY (Weekly) Feb 10 2017 127 Calls
UVXY (Weekly) Feb 10 2017 27 Calls (Covered)
UVXY (Weekly) Feb 10 2017 27.5 Calls (Covered)
UVXY (Weekly) Feb 10 2017 28 Calls (Covered)
UVXY (Weekly) Feb 10 2017 29 Calls (Covered)
UVXY (Weekly) Feb 10 2017 32 Calls
UVXY (Weekly) Feb 10 2017 35 Calls
UVXY (Weekly) Feb 10 2017 37 Calls
UVXY (Weekly) Feb 10 2017 40.5 Calls
UVXY (Weekly) Feb 10 2017 60 Calls
— Assignments —
NUGT (Weekly) Feb 10 2017 12.5 Calls (Covered)
Options Expiration 2/10/17
#OptionsExpiration #SPXcampaign #Earnings #VXXGame
— Expiring w/100% of max profit —
ATVI 36 and 36.5 puts
EXPE 117 puts
NVDA 108 puts
UVXY 39 calls
SPX 2275/2250 put spreads
Post close put spread sold
#SPXcampaign 14 minutes after the close, Sold to Open $SPX Feb 22nd 2300/2275 put spreads for 3.50. This gives me an #IronButterfly at the 2300 strike for this expiry. One or both will likely be rolled.
SVXY strangles
#ShortStrangles – Been watching you guys selling these for awhile now. Think I finally have to jump in…thanks!
Sold SVXY SEP 15 2017 65.0/235.0 Strangle @ 5.75
Sold SVXY JAN 19 2018 60.0/240.0 Strangle @ 10.10
SWIR
BTC March 17, 17.5 puts @0.05, sold @1.20
SVXY
STO January 2018, 75 puts @9.30 to offset my 230 and 235 naked calls.
Jumping on the REGN train (Hopefully seats still available)
#shortputs
$REGN STO 5/16 300 puts @ 3.40 Thanks you @fuzzballl
REGN Covered Again
#shortcalls
$REGN STO 02/17/2017 360.00 C @8.10
Jumping on the REGN train
#ShortStrangles Sold to Open $REGN March 17th 330/400 strangle for 6.10
REGN
STO May, 300 puts @5.38 thanks to Fuzzball for the idea.
REGN roll
Tightening up the March strangle a little bit now that earnings are over.
Rolled Mar 310.0 put up to 330.0 @ 2.20 credit.
New position is now 330/395 strangle @ 6.65
AMZN stock sold
#Earnings #StockTrades Sold the $AMZN 810/840/870 #IronButterfly last Thursday for 26.10. Took assignment of the shares on Friday at 840.00. Put a 1.00 trailing stop on the stock today around 11am ET; just stopped out for 826.36. Profit on trade: $1,035
Thanks, @fuzzballl for the original trade idea!
VIX futures
Bought to Close March /VX @ 13.45 (sold for 13.95)
I’ll take the half point now…don’t like holding these short over the weekend.
SPX long call spread, small win
#SPXcampaign Keep missing the correct time windows for these long call spreads. But at least I got a double on this small one…
Sold to close $SPX Feb 13th 2330/2355 call spreads for .80. Bought for .35 on Jan 31st
SPX campaign
BTC March 17, 2020/2070 bull put spread @0.50, sold for 1.60
I guess I should have waited on this one.
Hey guys,
Sitting in the Charlotte airport on layover. Won’t be around at the end of the day so just posting what I have expiring today.
$UVXY $32, 35, 38, 39, 40.5, 43, 45, 48 calls
$VXX $29.5 calls
$SVXY $70, 85 puts
Trade safe.
SPX campaign
Joining the crowd.STO March 10, 2200/2225 bull put spread @1.40
NVDA
STO April 90 puts @0.82 cents
TLT rolls
#PerpetualRollingStrangles – Doesn’t look like much but adds up over time…
Rolled this week’s 119.5 calls to next week’s 120.0 @ .07 credit
Rolled this week’s 120.5 calls to next week’s 121.0 @ .38 credit
NVDA back in
#ShortStrangles – Sold NVDA MAR 17 2017 105.0/130.0 Strangles @ 3.16
UBNT
STO June 45 puts @1.63
Wailing Over Yelp
#shortcalls
All my short calls on my full $YELP stock position will expire worthless.
Of course, my full $YELP shares are worth less.
Will watch tape today and see if covering again or unloading makes sense.
SPX Puts Sold
#spxcampaign
$SPX STO 3/10 2200/2225 BUPS @ 1.50
$SPX STO 2/17 2275/2300 BUPS @ 3.50
$NUGT #ShortPuts – Sold these…
$NUGT #ShortPuts – Sold these as a partial offset to DUST short Puts. They both can’t be wrong. If NUGT is down, then DUST is up.
Sold NUGT Mar 3 2017 10.0 Puts @ 0.40
Sold NUGT Mar 10 2017 10.0 Puts @ 0.56
FB covered call
#Earnings #StockTrades #CoveredCalls
This is an earnings trade that started in January 2016. I was assigned short stock at that time, held that most of the year (painfully), selling puts against it, then switched it to a long stock position in October. It is finally in profit territory above 133.00. I still like the stock long so I’m going to keep it as long as it holds up.
STO FB March 10th 140 call for .80
NVDA earnings
This could be the biggie depending on how far I wanna push it…
Original position is 120/115 inverted strangles @ 9.85 (that’s a long story posted elsewhere)
Could close now for a 3 dollar winner but I’d like to see it back inside the strangle this afternoon for 5 dollar winner. If it tanks this afternoon I’ll take my chances rolling and collecting more premium. This one is always on the TT high IV list so either way, I’ll still carry a position on it. Looking out to March monthly for a new strangle if this one closes.
$SVXY #ShortCalls – Sold 1…
$SVXY #ShortCalls – Sold 1 SVXY Jan 19 2018 240.0 Call @ 4.80 with the stock at 125.03
SPX puts sold
#SPXcampaign Sold to Open $SPX March 10th 2225/2200 put spreads for 1.50, with SPX at 2311.
ATVI earnings
#Earnings – Having to work on this one a little bit after the two and half times the expected move…
Originally Sold 37/39.5/39.5/42 iron flies @ 1.95
then:
Bought to Close 37/39.5/39.5/42 iron flies @ 2.40 (saved 15 cents over max loss)
also:
Sold ATVI FEB 10 2017 45.0 Puts @ .35 (sold one extra vs #of flies)
Long story short…if the 45 puts expire the entire trade will cover my gambling on the golf course this weekend. 🙂
RGLD covered call
#Earnings #StockTrades #CoveredCalls
STO RGLD April 77.5 covered call for 1.85. Replacing calls that will expire next week.
$DUST #ShortCalls #Strangles – I’ve…
$DUST #ShortCalls #Strangles – I’ve decided to add to positions from yesterday
Sold DUST APR 21 2017 53.0 Calls @ 0.95
Sold 1 DUST JAN 19 2018 90.0 Call @ 4.50
These trades cost nothing in the way of margin but they do bring in a cushion of cash. All are the highest available strike prices. The stock is opening near 27, up a bit today
EXPE earnings
#Earnings – Small winner…could’ve been a big winner now. 😦
Bought to Close EXPE 118/123/123/128 iron fly @ 2.63 (sold for 4.00)
YELP trade closed
#Earnings #LongStraddle Sold to close $YELP Feb 10th 41.5 put for 4.75. Bought yesterday as part of the 41.5 straddle for 4.45. Order filled on the low tick 6 minutes after open. Small profit is good enough for me.
Earnings
#Earnings Looks like I picked the correct week to drop the Iron Butterflys. 5 for 5 on earnings trades this week, winners for ALK, EXPE, NVDA, and ATVI. All bullish trades. Guess it’s easy when the market keeps going up. YELP will be a small win or break-even, my first ATM long straddle in a couple years.
Late Trades Busy Shoveling
$CYNO STO 2/17 55 call @.80 (Covered) (OMM)
$YELP STO 2/10 43 call @ 1.50 (Covered)
$GPOR STO 2/17 20 call @ .82 (Covered)
$GOOGL STO 3/17 790/800 BUPS @ 1.80 (OMM)
SPX put spread hedge
#SPXcampaign Sold to Open $SPX Feb 16th (monthlys) 2300/2275 put spreads for 4.50.
YELP and EXPE
#Earnings Had to pay up for YELP by waiting until now… was 4.00 early, but I was filled for 4.45
Bought to open $YELP 41.5 straddle for 4.45.
EXPE, premium dropped to much on the 123/120, so I went naked:
Sold to Open $EXPE Feb 10th 117 puts for 1.25. 4.9% OTM.
#spxcampaign Closed my Feb 28th…
#spxcampaign Closed my Feb 28th 2130/2150 BuPS @ 0.15 off a GTC order. $SPX was at 2310.47. Originally open 1/30 @ 0.90 So far beginners luck.
SVXY
STO January 230 call @5.60 and 235 call @5.10
EXPE earnings
#Earnings Been waiting for a fill on the $EXPE Feb 10th 123/120 put spread for 1.40. Hasn’t happened yet, but that and YELP long straddle are the two I’m looking to fill by day’s end.
EXPE is a bullish ATM trade. Chart is bullish and they usually react positively:
Oct. 27, 2016 AC 4.12%
July 28, 2016 AC -2.19%
April 28, 2016 AC 8.20%
Feb. 10, 2016 AC 9.56%
Oct. 29, 2015 AC 7.27%
July 30, 2015 AC 12.85%
April 30, 2015 AC 7.91%
Feb. 5, 2015 AC -11.51%
Oct. 30, 2014 AC 5.25%
July 31, 2014 AC 6.34%
May 1, 2014 AC -3.68%
Feb. 6, 2014 AC 14.29%
Adding to Jan SVXY call position
Sold $SVXY Jan 19 2018 240 call @ 4.50. This is now the highest strike in Jan.
REGN again…
Pretty good week in this ticker…
#ShortPuts #IRA – Bought to Close REGN FEB 17 2017 325.0 Put @ .30 (sold for 7.50)
BOT VERTICAL SPX 28 FEB…
BOT VERTICAL SPX 28 FEB 17 2170/2070 PUT @.75 sold it on 1/31/2017 at $3.85 gaining 80%
BOT VERTICAL SPX 1 MAR 17 2175/2075 PUT @.95 sold it on 1/31/2017 for $4.25 gaining 78%
BOT VERTICAL SPX 3 MAR 17 2165/2065 PUT @1.10 sold it on 1/31/2017 for $4.50 gaining 76%
BOT VERTICAL SPX 24 FEB 17 2170/2070 PUT @0.65 sold on 1/20/2017 $4.75 gaining 86%
$NVDA Earnings
REGN earnings
#Earnings – After a wild news/earnings driven roller coaster ride I’ll gladly book this one…
Bought to Close REGN FEB 10 2017 335.0/370.0 Strangle @ .80 (sold for 4.70)
GOOGL roll
#LongCallDiagonals – Still easing it up a little at a time…
Rolled this week’s 817.5 call to Feb 17 820.0 @ .10 credit.
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
#shortcallspread AMZN March 17 STO…
#shortcallspread
AMZN March 17 STO 860/870 for 1.12 goes with 740/750 put spread.
ATVI earnings
#Earnings Sold to Open $ATVI Feb 10th 36 puts for .36. Will add more or perhaps some 36.5 puts if premium rises. Biggest UP move: 14.4%, Biggest DOWN move: -7.9%, Average move: 6.1%. This trade is 8.7% OTM.
SPX Close
Jan 24 buy 2 feb 24 2120 puts -$2.43 -$486.00
Jan 24 sell 2 feb 24 2220 puts $7.59 $1,518.00
Feb 9 buy 2 feb 24 2220 puts -$1.80 -$360.00
Feb 9 Sell 2 feb 24 2120 puts $0.55 $110.00
Gain @ 76%
YELP earnings
#Earnings I am considering BUYING a YELP straddle at the end of the day. Right now, it would cost me 4.00, which would require a 9.1% to breakeven. Over last 12 earnings, Yelp’s Biggest UP move: 23.7%, Biggest DOWN move: -25.2%, Average move: 15.1%.
With such a high average move, it is worth a shot. I will see which strike it ends the day at and what the premium is.
FFIV
#CoveredCalls – Received stock from an earnings strangle last week. Massive reversal blowing through my first covered call so rolling out and up to capture another dollar.
Rolled this week’s 135 calls to Feb 24th 136 @ even.
NVDA earnings
#Earnings #ShortPuts Sold to Open $NVDA Feb 10th 108 puts for 1.20. Over last 12 earnings, Biggest UP move: 29.8%, Biggest DOWN move: -7.4%, Average move: 9.7%. This trade is 8.1% OTM.
SPX puts closed
#SPXcampaign Bought to close $SPX Feb 13th 2270/2245 put spreads for .20. Sold for 2.30 on Monday.
IRBT
STO June 46 puts @1.35
SPX calls sold
#SPXcampaign A standard campaign trade, and a more aggressive roll trade…
Sold to Open $SPX March 10th 2365/2390 call spreads for 1.30, with SPX at 2305
Sold to open $SPX Feb 24th 2320/2345 call spreads for 4.75, with SPX at 2306 #Rolling
$/YM Papertrade
Got a chance this morning so decided to enter a paper trade. Market is strong, should have made this one for real.
Entered @ 8:30 central, 20032
$DUST #ShortCalls #Strangles – I’ve…
$DUST #ShortCalls #Strangles – I’ve decided to add to positions from yesterday to partially hedge any unexpected put assignments that might happen over the next month or so.
Sold DUST APR 21 2017 53.0 Calls @ 0.90
Sold 1 DUST JUN 16 2017 65.0 Call @ 1.70
Sold 1 DUST JAN 19 2018 90.0 Call @ 4.40
These trades cost nothing in the way of margin but they do bring in a cushion of cash. All are the highest available strike prices. The stock is hovering near 26, up a bit today
Futures Trade
9:35 Long YM as the 9:30 stall completes, and $tick moves back above zero..trade entered at 20070, stop at 20050..
9:45 YM moves up to 20110, stop moved to 20090
10:05 exit my trade at 20110, as the marjket starts to stall and rest at the 10am hour..
Gain of 40 points, 25/point
#spxcampaign Bought to close my…
#spxcampaign Bought to close my Feb 24th 2340/2360 BeCS @ 0.80. I originally sold this 2/3 for 0.95 off an accidental flip to a GTC order. I decided to take the small profit as the S$P has continued to bang on the 2300 ceiling. I will track this on and see if holding closer to expiration was the proper method as I continue to learn and adjust.
NFLX strangle
#ShortStrangles My only remaining $NFLX position was the short June 175 call. So to hedge it…
Sold to Open NFLX June 120 put for 3.15.
SPX trades
#SPXcampaign Yesterday before the closing bell, I rolled a one-week out call spread:
Bought to close $SPX Feb 15th 2295/2320 call spreads for 6.75. Sold for 9.00 on Feb 3rd.
#Rolling: Sold to Open $SPX Feb 22nd 2300/2325 call spreads for 7.50.
This will be managed as an ITM spread… I will decide whether to roll based on the SPX price one week before expiration.
SPX, new all-time high
SPX, new all-time high
/ES Hedge
Filled overnight:
Bought to Close /ES FEB 17 (Wk3) 2230 PUT @ 1.80 (Sold for 29.00)
Sold /ES APR 17 (Wk3) 2200 PUT @ 22.00
Continuing to sell against a short /ES hedge to gradually raise basis…
REGN earnings strangle…
335/370 @ 4.70
Out all day…sending from phone.
Market
I’ve been in an all day meeting today (currently on a break) so just now getting to seeing the market. Looks like I didn’t miss much. I’m leaving on vacation friday and will be out all next week so haven’t put on any new positions since last week. Will start doing some /YM paper trading when I get back. Someday we’ll be selling the hell out of $UVXY calls again.
#SPX Campaign BTC Feb 24th…
#SPX Campaign BTC Feb 24th 2100/2120 Put spread @ 0.15. Originally sold for 0.85 on 1/23
Going short bonds via
Out of the money short calls in March.
Sold $TLT Mar 17 126 calls @ .61 with TLT at 122.05.
Adding some NUGT calls
Sold $NUGT May 19 26 calls @ .80. Highest strike (with NUGT currently at 13.34).
$DUST #ShortCalls #Strangles – with…
$DUST #ShortCalls #Strangles – with DUST below 25.0 and pushing even my lowest strike price Puts into the money, I’ve decided to partially hedge any unexpected assignments that might happen over the next month or so.
Sold DUST APR 21 2017 53.0 Calls @ 0.85
Sold 1 DUST JUN 16 2017 65.0 Call @ 1.55
Sold 1 DUST JAN 19 2018 90.0 Call @ 4.10
These trades cost nothing in the way of margin but they do bring in a cushion of cash. All are the highest available strike prices and as long as I am carrying short puts I should be able to safely add to these at higher prices.
$GILD #ShortPuts #FallingKnife – Sold…
$GILD #ShortPuts #FallingKnife – Sold 1 GILD AUG 18 2017 55.0 Put @ 1.40.
Staying small and watching this one cautiously to see what the premium does if we get another leg down.
Open Trade ES
9:30 9:30 reversal moves down and bounces at 2283…
9:35 Long ES 2283, as wave stays above zero and bars stay blue….stop at 2281
9:40 ES moves to 2288, stop moved to 2286
10:00 ES moves to Center PP, at just under 2289..stop moved to 2287
10:00 ES moves to 2290, stop moved to 2288
10:05 exit trade at 2290, as the ES stalls and wave turns red…
gain 7 points
250/point
#postearnings #tastytradefollow AGN FEB 17…
#postearnings #tastytradefollow
AGN FEB 17 IC 217.50/227.50/245/255 for 1.94
Options Bistro 