Expiration Closed Early and Some Trades

#spxcampaign
$SPX 2225/2250 BUPS 100% profit
$SPX 2260/2285 BUPS 100% profit
$SPX 2445/2420 BECS 100% profit
$SPX 2375/2350 BECS 174% loss

#shortputs$SVXY 95
$SXXY 86.5
$SVXY 100
$SVXY 115
$SVXY 99

Trades
#spxcampaign
$SPX STO 4/28 2175/2275 BUPS @ 3.80 Thank you @fibwizard
$SPX STO 5/5 2225/2250 BUPS @ 3.00 Thank you @jeffcp66
$SPX STO 4/28 2230/2255 BUPS @ 1.30 Thank you @jeffcp66
#shortputs
#SVXY STO 1/19/2018 75 put @6.03 Thank you @jsd501
$AMZN STO 865/875 BUPS @ 2.90

Sold Early

#spxcampaign
$SPX BTC 4/3 2290.2315 BUPS @ .10 STO 3/22 for 3.05

#longcalls
$BABA STC 5/19 105 call 8% profit

Thanks to everyone. Keep our chins up and our brains working.
Have a great weekend

SPX Chart

#TA

Looks like my SPX bounce at the 38% fib last week was pretty much dead on…todays stop was at the prev R/S, at 2362.. a rest before the journey restarts…Lower hi’s, lower lo’s…need to break that pattern to continue the move up…

spx-fri

$UVXY #ShortCalls #VXXGame – Sold…

$UVXY #ShortCalls #VXXGame – Sold UVXY MAY 19 2017 39.0 Calls @ 0.73. The new highest strike price.

YM Box Trading…

#ymfutures

Boxed most of the day..till way after 1pm..Made a series of small box trades between the lines…
was an okay day…
Friday = 85 points the hard way..
Weekly Total = 600 or so..

YM-Fri

#OptionsExpiration #Weeklys #Mar31 – An…

#OptionsExpiration #Weeklys #Mar31 – An OK week. Reaping the rewards from the last volatility spike.
We need more of that.

— Expirations —
DUST (Weekly) Mar 31 2017 22 Puts
DUST (Weekly) Mar 31 2017 24 Puts

NUGT (Weekly) Mar 31 2017 8 Puts

SVXY (Weekly) Mar 31 2017 86.5 Puts
SVXY (Weekly) Mar 31 2017 90 Puts
SVXY (Weekly) Mar 31 2017 95 Puts
SVXY (Weekly) Mar 31 2017 99 Puts
SVXY (Weekly) Mar 31 2017 100 Puts
SVXY (Weekly) Mar 31 2017 146 Calls
SVXY (Weekly) Mar 31 2017 147 Calls

UVXY (Weekly) Mar 31 2017 21 Calls
UVXY (Weekly) Mar 31 2017 21.5 Calls
UVXY (Weekly) Mar 31 2017 22 Calls
UVXY (Weekly) Mar 31 2017 30.5 Calls
UVXY (Weekly) Mar 31 2017 31 Calls
UVXY (Weekly) Mar 31 2017 31.5 Calls
UVXY (Weekly) Mar 31 2017 32 Calls
UVXY (Weekly) Mar 31 2017 32.5 Calls
UVXY (Weekly) Mar 31 2017 33 Calls
UVXY (Weekly) Mar 31 2017 33.5 Calls
UVXY (Weekly) Mar 31 2017 14.5 Puts

No Assignments.

#coveredcalls #goldminers DUST called today…

#coveredcalls #goldminers
DUST called today at $31, sold call for $1.45, bought stock $30.95. A decent trade.
Slowly unwinding a full position in DUST that caught me a couple of weeks ago when DUST fell from $40 to $30.

#OptionsExpiration for 3/31 Expiring: $DUST…

#OptionsExpiration for 3/31
Expiring:
$DUST 03/31/2017 41.00 calls
$SVXY 03/31/2017 115.00 puts
$UVXY 03/31/2017 28.00 calls
$UVXY 03/31/2017 33.50 calls

No assignments this week.

Options Expiration 3/24/17

#OptionsExpiration #VXXGame

–Expiring–
SVXY 110 put
UVXY 28 calls

SPX roll

#SPXcampaign Still dealing with a few #ITMroll call spreads, since our drop was not far enough or long enough. At least now they have become #ATMrolls

Bought to close $SPX Apr 7th 2365/2390 call spreads for 9.15. Sold for 8.35 last Friday.
Sold to Open SPX Apr 13th 2370/2395 call spreads for 9.30.

UVXY–threw one out there

Sold $UVXY May 12 27.50 calls @ 1.13. Highest strike.
#VXXGame

OptionsExpiration

Very high number of open contracts expiring today. Next week also have a high number expiring, then I start getting thinned out again. Trading $UVXY with a pretty short term focus, generally 3 to 4 weeks or less with only occasional opportunistic longer term sales. “Government shutdown” fears might be the next volatility catalyst.

SVXY $86.5 puts
SVXY $100 puts
SVXY $106 puts
UVXY $23.5 calls
UVXY $24.5 calls
UVXY $26 calls
UVXY $28 calls
UVXY $30.5 calls
UVXY $33 calls

Have a great weekend everyone.

OT

I have no expirations so have a nice weekend to everyone.

#shortcalls UVXY sold may 5…

#shortcalls UVXY sold may 5 30 call for .68

SVXY

I miss the good old days like August 2014, October 2014, August 2015, February 2016, and July 2016

UVXY

BTC April 13, 30 calls @.05, sold @.55, taking more risk off the table.

#earnings LULU I sold a…

#earnings LULU
I sold a 66 straddle for earnings and the bottom fell out of the pants. Right before closing the day before earnings I bought a 60 put and a 68/75 BuCS for some protection. I received 5.10 for the straddle and after selling the put and accounting for the protection, I’ll be assigned with a cost basis just under 54. There may be life in LULU!

SVXY (taking another one for the team)

#ShortPuts #TakeOneForTheTeam I just can’t help myself. 🙂 The last three times I’ve taken one for the team have worked out ok. Got us some volatility but eventually ended up nicely profitable. Let’s try it again…

Sold SVXY APR 7 2017 143.0 Put @ 3.50

EDIT…this is also a revenge trade since I bottom ticked the closing of that last one….

$NUGT #CoveredCalls – repeating last…

$NUGT #CoveredCalls – repeating last week’s roll in an IRA acct even thought this week’s call would have expired.
Bought to close NUGT Mar 31 2017 10.0 Calls @ 0.01
Sold NUGT Apr 7 2017 10.0 Calls @ 0.21.
Waiting for Monday might not have yielded the same net result.

SVXY

BTC the 143 put that will expire today @1.32 to avoid assignment. These were sold @3.25 after Fuzzball took one for the team.

NVDA

#ShortStrangles – Rolling and selling. Replacing yesterday’s closed calls…

Rolled 113 puts to next week @ .52 credit.

Against those added these:

Sold NVDA APR 21 2017 116.0 Call @ 1.00
Sold NVDA APR 21 2017 117.0 Call @ .84
Sold NVDA APR 21 2017 118.0 Call @ .71

UVXY closing positions

BTC April 7, 30 call @.01, sold @.36

BTC April 21, 41 call @.03, sold @155

I just want to take some risk off the table.

#NotTradingMuch Just wanted to let…

#NotTradingMuch
Just wanted to let you all know that I’m not doing much trading at this time. I’m here in the background watching and listening, but have dialed back my trading. I came to realize I was trading too much and too big and too narrow (focus) for my account size. Putting on way too much risk.
So, I guess this is true confessions. Lost some and that makes you take a closer look at things. I’m not out of the game, just dialing it back and being more careful and trading smaller. Also sleeping better and not worrying as much! Been here with @jeffcp66 since the beginning and appreciate everything so much. Have learned much and this may just be the best lesson I’ve learned.
Not sure if this helps anyone else, but hope it does. So, trade safe! I’m watchin’ and learnin’. Thanks.

Closing SVXY, UVXY

Taking off some short volatility positions at near max profit.
Bought to close $SVXY Apr 13 85 puts @ .05 (sold for .40 on 3/21)
Bought to close $UVXY Apr 21 41 calls @ .04 (sold for 1.57 on 2/23)
#VXXGame

AMZN #CoveredCalls Sold $AMZN Apr…

AMZN #CoveredCalls
Sold $AMZN Apr 21 910 call @ 6.00 with the stock on a tear at 888.63. Delta 28.

“50 Cent Vixation”

A mysterious trader known as ’50 Cent’ is betting millions on a volatility spike — but why?

A pattern of huge trades on the VIX is turning heads. And even after losing some $75 million, the mystery buyer shows no signs of slowing down.

Read more: http://www.cnbc.com/id/104376763

Sent from the CNBC app.

SPX puts sold

#SPXcampaign Sold to Open $SPX Apr 28th 2260/2235 put spreads for 1.30, with SPX at 2365.

SVXY

STO January 2018, 75 puts @5.95

#shortputs

SVXY

#ShortPuts #VXXGame – Late fill…

Bought to Close SVXY APR 13 2017 95.0 Put @ .10 (sold for 2.25)

CMG adjustment

#ShortStrangles – Current position is Apr 13 425 straddle @ 10.72. To get this into a little better rolling into earnings position I’m closing the put. Not booking the profit yet though…I’ll carry it into the new position for some cushion. Also, splitting the ITM call into a new slightly higher straddle another week out. One side will expire and then I can roll the other side into high IV of earnings week.

Bought to Close CMG APR 13 2017 425.0 Put @ 2.10
Rolled APR 13 425.0 Call to APR 21 430.0 Straddle @ 2.80 credit

New position: Apr 21st 430.0 Straddle @ 11.42

SPX more trades

#SPXcampaign
Bought to close $SPX Apr 7th 2265/2240 put spreads for .20. Sold for 1.40 on Mar 6th
Sold to Open SPX Apr 28th 2435/2460 call spreads for 1.35
Bought to Close SPX Apr 7th 2275/2250 put spreads for .20. Sold for 4.10 on Mar 23rd

#ironcondor REGN Closed the call…

#ironcondor REGN
Closed the put side of an REGN IC, following the perpetual strangle guys, successfully so far. Will reestablsih after May earnings. Thanks

SVXY

BTC March 31, 99 puts @.01 cents, no commission.

NVDA

#ShortStrangles – I had gone inverted on this and had been rolling collecting decent premium. Taking my chance here to get “un-inverted”. Stock looks like it wants to go higher so will wait to resell the call side.

Bought to Close NVDA MAR 31 2017 108.0 Calls @ 1.17 (sold for 1.90)

Still holding 113 puts for tomorrow…

#Shortputs $SVXY Sold April 21st…

#Shortputs $SVXY Sold April 21st 125 Puts @ 2.36 when $SVXY was at 143.34.

SPX trades

#SPXcampaign Yesterday:
Sold to Open $SPX April 10th 2320/2295 put spreads for 1.75
Bought to close Apr 7th 2255/2230 put spreads for .20. Sold for 1.35 on March 9th
Bought to close Apr 5th 2360/2335 put spreads for 6.45. Sold as #ITMroll for 9.20 on March 23rd
#ATMroll: Sold to Open Apr 12th 2350/2325 put spread for 5.50 (10 points lower)

Today:
Sold to Open SPX Apr 5th 2350/2325 put spreads for 4.50. Expires Monday.

More CMG adjustment

Adjusted yesterday to a 4/13 425 straddle. I just rolled the 4/13 425 call out 2 weeks to 4/28 at the same strike for a 6.00 credit. Not expecting earnings until the first week of May. Keeping the 4/13 425 put for now.

LULU-NONO

LULU-NONO

SPX Campaign Closed Early

#spxcampaign
Closed Early
$SPX 3/31 2295/2320 BUPS @ .60 78% profit

$UVXY #ShortPuts #Speculation – Sold…

$UVXY #ShortPuts #Speculation – Sold some Mar 31 2017 14.5 Puts at 0.10. A bit risky except that the VIX index was already down to 11.03 this morning. That is pretty much the floor on the VIX

$UAA #EarlyAssignment – My Apr…

$UAA #EarlyAssignment – My Apr 27.5 Puts were assigned overnight. Both were small positions. I like the company long term so I will hold it at least until yearend.
I am already short the Jan 35.0 Calls too from higher levels

#earnings #shortstraddle LULU Followed from…

#earnings #shortstraddle LULU
Followed from TT March 31 66 straddle for 5.10, profitable between 60 and a little over 71. LULU has been quiet the last 3 earnings releases, double digits the previous 4 according to busystock.com. LULU is at 65.65 give or take a few.

REGN again

#ShortStrangles – Adjusting my other REGN strangle. Going aggressive since this expires before earnings. Anything in trouble can be rolled into high IV of earnings week.

Rolled Apr 28th 350 put up to 380 @ 4.50 credit.

Position is now Apr 28th 380/410 Strangle @ 12.70 so breakeven of 367.30 up to 422.70

JPM

#IRA #LongCallDiagonals – GS worked nicely so getting back in with a long term modified Whiz trade on JPM. Buying a 2019 call and selling a lower 2019 bull put spread against it to help finance the call purchase. Then…selling front month calls against it. Front month calls only need to bring in 20 cents a week to pay for the opening debit. Risk is stock dropping below 2019 bull put spread but with losses limited I’d get the stock at a reasonable price.

Bought JPM Jan 2019 70 calls and sold Jan 2019 60/50 bull put spreads @ 20.05 debit.

Then:

Sold JPM APR 7 2017 90.0 Calls @ .23

SVXY

STO May 5, 90 puts @.85 cents.

$UVXY

Afternoon  Missed getting this posted yesterday.  Bought to close April 07th 28 Calls at 0.03.

Today Sold to open April 21st 24 Calls @ 0.39 with $UVXY at 15.63.

Reducing UVXY position in Sep

I added to this position on the volatility spike in late February, doubling my size, so I’m taking the second half off today at a nice profit, to reduce my exposure a bit. Leaving the original position on for now.
Bought to close $UVXY Sep 15 60 calls @ 1.37. Sold for 5.00 on 2/24.
#VXXGame

$SVXY

BTC APR 13 $80 puts @ $.02, sold for .35
BTC APR 21 $65 puts @ $0.05 sold for .90, couldn’t get a fill @ $.02

$UVXY

BTC April 7 $40 calls @ $0.01 (sold for .38)

Have several more orders in to close positions for .01 or .02

SVXY

BTC March 31, 95 puts @.01 cents. I don’t mind taking the risk off the table for a penny.

$MRO #CoveredCalls – Sold MRO…

$MRO #CoveredCalls – Sold MRO JUL 21 2017 18.0 Calls @ 0.62 with the stock at 15.94

Closing REGN strangle

Bought to close $REGN Apr 21 350/420 strangle @ 3.25. Sold for 7.12 on 3/14, following @fuzzballl.
Taking the >50% profit off the table and looking to re-establish something in this name.

Closing Sep CMG

Bought to close $CMG Sep 15 put @ 5.39. Sold for 15.00 on 2/6. Taking the position off for around 65% of the premium received, 5 1/2 months early.

Adjusting CMG strangle

With the stock decisively breaching the short strike of the Apr 13 375/425 strangle, I rolled the put up to 425 for a 4.00 credit, creating a straddle.

#coveredcalls FEYE Rolled March 31…

#coveredcalls FEYE
Rolled March 31 12.50 calls to April 21 13 calls, .11 credit. It would be great if I had to roll these up regularly for the next year-right Fuzzball?

Taking IWM off

Closed position for 57% of max profit.
Bought to close $IWM Apr 21 132/142 strangles @ 1.07. Sold for 2.51 on 3/6.

SPX puts sold

#SPXcampaign Sold to open $SPX Apr 26th 2255/2230 put spreads for 1.35, with SPX at 2354.

Late SPX Trade

#spx

STO 2 April 28th 2175/2275 BUPS @ 4.85

also exited my lower half of a strangle..
BTC 1 april 5th 2280 short put @ 1.07, previously sold in a strangle @ 5.05
gain @ 77%

Trades Today in The YM world

#ymfutures
@fuzzballl

A good day Fuzzbop..chart included..

ym-today

$UVXY came within $0.10 of…

$UVXY came within $0.10 of setting new all time low. Two huge days of gains in the VXXGame.

$NUGT #ShortPuts – using recent…

$NUGT #ShortPuts – using recent trading ranges as a guide I’m selling a few more Puts to replace positions that expired on Friday and to “encourage” DUST to go a bit higher.
Sold NUGT Apr 7 2017 8.0 Puts @ 0.26
Sold NUGT Apr 21 2017 7.5 Puts @ 0.30
Sold NUGT Apr 28 2017 7.5 Puts @ 0.42
Sold NUGT Apr 28 2017 7.0 Puts @ 0.30

SPX stop and roll

#SPXcampaign Bought to close $SPX Apr 28th 2410/2435 call spreads for 4.00.
#CondorRoll Sold to Open May 5th 2225/2250/2430/2455 iron condors for 4.15

XIV stock

Accumulated a few shares on the dip. Never really expected to make much on these. Taking the profit as a nice gift after a 10 point move in 24 hours. Wow…

Sold XIV @ 73.95 (bought for 69.30)

IBB close roll and open

Bought to Close IBB MAR 31 2017 300.0 Call @ .10 (sold for 1.75)

Rolled this week’s 297.5 Put out to Apr monthly 295.0 @ .90 credit

Against that:

Sold IBB APR 7 2017 295.0 Call @ 2.04

SPX calls stopped

#SPXcampaign Bought to close $SPX March 31st 2340/2365 call spreads for 14.00. Sold yesterday for 6.00. Considering roll strategy.

Bought to close $SPX April 3rd 2350/2375 call spreads for 10.15. Sold last week for 17.10.
#ITMroll Sold to Open $SPX April 10th 2360/2385 cal spreads for 8.60. Will add another spread to make up to the roll debit.

SVXY

STO 1 January 270 call @ 4.15

SVXY (taking another one for the team)

#ShortPuts #TakeOneForTheTeam -The last two times I’ve taken one for the team have worked out ok. Got us some volatility but eventually ended up nicely profitable. Let’s try it again…

Sold 1 SVXY MAR 31 2017 143.0 Put @ 3.00

And adding one out in Jan 2018 as a short call offset…I know…should’ve sold it yesterday but who knew? Incredible reversal in 24 hours.

Sold SVXY JAN 19 2018 60.0 Put @ 3.74

SVXY

#ShortStrangles -This thing is a beast…I’m getting out of the way of the nearer term short calls and letting the way out of the money short puts ride. All the strangles should still be nicely profitable with no more upside risk. Still holding the Jan 2018 short calls which is plenty of short exposure for now.

Bought to Close SVXY MAY 5 2017 160.0 Call @ 2.84 (80/160 sold for 3.00)
Bought to Close SVXY MAY 19 2017 170.0 Call @ 2.10 (80/170 sold for 3.45)
Bought to Close SVXY JUN 16 2017 200.0 Call @ .60 (70/200 sold for 3.85)
Bought to Close SVXY SEP 15 2017 235.0 Call @ 2.17 (65/235 sold for 5.75)
Bought to Close SVXY SEP 15 2017 240.0 Call @ 1.98 (60/240 sold for 5.15)

$VIX – Yesterday -Volatility Index…

$VIX – Yesterday -Volatility Index gaps up 14% and finishes down 3.6%, one of the largest intraday reversals in history.
C784e0oVAAAtYbs

TSLA

#ShortStrangles -Not a big fan of this thing so getting out of the way. I’ll revisit it over earnings. Closing short call and letting short put sit for now. May still eventually roll this short call into a new strangle.

Current position: Apr monthly 255/275 strangle @ 11.53

Bought to Close TSLA APR 21 2017 275.0 Call @ 12.20

So if the put expires it’s a .67 loser. (1 contract…LOL) Might still roll this into something pretty wide to scratch out a small winner…

$SVXY #ShortCalls – Sold SVXY…

$SVXY #ShortCalls – Sold SVXY Jan 19 2018 275.0 Calls @ 3.60 with the stock at 141.44.
Not only is it the highest current strike price but it now has a bit less than 9 months to run.

SVXY

STO January 2018, 265 call @4.35

SPX closed spreads

#SPXcampaign No fills while trying to sell new put spreads near the open, but these spreads closed today:

Bought to close $SPX April 20th 2445/2470 call spreads for .20. Sold for 1.35 last week.
Bought to close $SPX March 31st 2285/2260 put spreads for .20. Sold for 1.35 on March 2nd.

Always buyers

#SPXcampaign Seems there are always buyers in this market. No doubt getting whipsawed in last couple weeks… still manage to profit overall from the expiring OTM spreads, but the closer-in aggressive spreads have been thrashed in both directions. Now I have to roll yesterday’s supremely ill-timed call spread, 2340/2365 call spread expiring this Friday. Will look for next intraday pull back to exit and determine roll strategy later.

XOP puts

Sold $XOP May 19 34 puts @ .90. Looking at yesterday’s low as a potential short term bottom.

#shortstrangles

$SVXY #ShortCalls #Speculation – Sold…

$SVXY #ShortCalls #Speculation – Sold SVXY MAR 31 2017 147.0 Calls @ 0.60 with the stock at 141.50.
In an account overloaded with short Puts I’m selling a couple of calls with the strike just above the all-time high in the stock.