@fibwizard are you still using the ST_Launchpad. I’m getting ready to go buy it if you still think this is a valuable indicator to use.
Daily Archives: Thursday, March 2, 2017
VIX Indicator and SPX Chart have been updated
VIX was up with a huge up day on Wednesday. Then, today was the biggest down day in a month for SPX, and VIX was down too. It is bizarro world.
Invert the SPX chart, and yesterday’s spike down looks like capitulation selling. Could we have seen capitulation buying? Was that all of the shorts finally throwing in the towel, thus marking a top?
$NUGT #ShortPuts – Sold a…
$NUGT #ShortPuts – Sold a couple of put positions late in the day with the stock at 8.25.
Lowest available strikes.
Sold NUGT Mar 24 2017 7.0 Puts @ 0.37
Sold NUGT Mar 31 2017 8.0 Puts @ 0.92
#ShortPuts
#shortputs
$SVXY STO 4/21 95 put @ 2.80
$SVXY STO 4/13 85 Put @ 1.30 Thank you @jsd501
$CBI #Short Put Bought to…
$CBI #Short Put Bought to close March 3rd 32 Puts @ .05. Originally sold at 0.45. Thanks guys for this earnings trade.
SVXY
STO April 13, 85 puts @1.30
Rolled GLD
#PerpetualRollingStrangles – No time value left in these so rolling and collecting additional premium.
Rolled this week’s 120.5/113 inverted strangles out two weeks for .54 credit.
Position is now March 17 monthly 120.5/113.0 inverted @ 6.05 credit.
$UVXY #Short Calls #ContangoETFs Sold…
$UVXY #Short Calls #ContangoETFs Sold to open March 17th 33 Calls at 0.36 when $UVXY was at 21.51. This replaced the March 3rd calls I took off.
SPX trades
#SPXcampaign STOPPED: Bought to close $SPXPM March 17th 2420/2445 call spreads for 4.25. Sold as part of a #CondorRoll for 4.20 on Feb 23rd. Will roll once I see the next strong move up or down.
Sold to Open $SPX March 31st 2285/2260 put spreads for 1.35, with SPX at 2388.
$UVXY #Short Calls. BTC March…
$UVXY #Short Calls. BTC March 03rd 27 Calls @ 0.03. Decided to not wait until OpEx for the pennies.
CAT
Possible #FallingKnife – IRS investigation?
Closed #SPXCampaign Early
#spxcampaign
$SPX BTC 3/24 2455/2430 BECS @ 3.50 STO 2/21 @ 1.75.
Still trying to get a better price to close $SPX 3/10 2390/2365 BECS
DUST calls
Sold $DUST Mar 31 50 calls @ 1.10. Highest strike.
SVXY
STO April 14, 95 put @2.25, thanks to Fuzzball for the alert.
REGN risky adjustment
#Rolling #ShortStrangles #ShortStraddles – With all the good news for biotech coming from the big speech, I’m making a pretty aggressive roll. I’ve already rolled this put up once and doing it again.
Rolled March 17th 360 put up to 380 @ 6.08 credit.
New position is now the March 17th 380.0 straddle @ 20.15. Hoping we just grind around right here for a couple weeks…
GILD…going with Dr. J
#BullPutSpreads – He was talking this one up yesterday so taking a high reward, low risk shot.
Sold GILD APR 21 2017 72.5/70.0 Bull Put Spreads @ 1.54
SVXY
#IRA #ShortPuts – In the “SVXY only” account, adding one at the new weekly available today. As the front week rolls off add a new one at about the 45 day mark. Nice weekly income while waiting.
Sold 1 SVXY APR 13 2017 95.0 Put @ 2.25
$UVXY #ShortCalls – Sold 1…
$UVXY #ShortCalls – Sold 1 UVXY Jan 19 2018 60.0 Call @ 5.60 with the stock at 21.64 this morning. Highest available strike.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Mar 10 2017 100.0 Puts @ 0.31. Adding these for next week with the stock at 124.77.
BBY trade closed
#Earnings BTC $BBY March 3rd 42 puts for .05. Sold Tuesday for .97 and 1.00.
#earnings PANW Have an IC,…
#earnings
PANW Have an IC, puts are 129/135, expires tomorrow, trying to decide to take the $600 loss or the stock with a cost basis of 123(right now anyway), currently at 117, up almost 2 from yesterday’s close
SPX chart updated
#SPXcampaign Too many trades and rolls yesterday to post. Let me know if you have questions on any of my or your positions.
The Webinar on this campaign has been delayed as I refine the strategy based on recent experience with extremely bullish markets. Yesterday was more evidence that work is needed!
Options Bistro 