YM Trade Today

#DowFutures

9:00am Enter YM Short at 21000, as indexes move lower..fading the up open
10:00am Exit my short trade at 20950, as price retest the S1 Pivot 2nd time and makes a new low..This proves to be the LOD, as well as establishes support at the S1 Pivot..market relatively flat rest of day along Fib levels.

Gain @ 50 pts

ym-friday

#OptionsExpiration For March 3 Only…

#OptionsExpiration
For March 3

Only 2 today:
$CAT 03/03/2017 87 puts (covered)
$SVXY 03/03/2017 80.00 puts

No assignments.

Options Expiration 3/3/17

#OptionsExpiration #VXXGame #shortcalls

only one this week:
UVXY 26 calls

SPX trades today

#SPXcampaign
#ITMrolls
Bought to close SPX March 10th 2360/2385 call spreads for 15.00
Sold to Open SPX March 24th 2370/2395 call spreads for 13.65

Bought to close SPX March 10th 2330/2355 call spreads for 23.00
Sold to Open SPXPM March 17th 2340/2365 call spreads for 20.00

I will add some additional smaller spreads on Monday to make up for the debits.

Also closed: SPX March 8th 2395/2420 call spreads for 1.50. Sold for 8.60 on Wednesday. This one is quite profitable in two days, but is exactly the type of spread that will go right back to even if we rally next week. 1.50 is much easier to roll than 8.50.

Finally,
BTC SPX March 16th 2255/2230 put spreads for .20. Sold for 1.45 on Feb 17th.
BTC SPX March 10th 2320/2295 put spreads for .20. Sold as part of #CondorRoll for 3.90 on Feb 22nd.

#OptionsExpiration #Weeklys #Mar03 – it…

#OptionsExpiration #Weeklys #Mar03 – it was almost all volatility plays for this week, as $SVXY and $UVXY did what was needed to allow every position to expire worthless.

$GDX and $NUGT showed extraordinary weakness despite only a modest pullback in #GOLD. I’m reestablishing a long position on some put assignments and will begin selling covered calls on Monday at strike prices above my cost.

— Expirations —
CVS (Weekly) Mar 3 2017 83 Calls

SVXY (Weekly) Mar 3 2017 80 Puts
SVXY (Weekly) Mar 3 2017 85 Puts(Weekly) Mar 3 2017
SVXY (Weekly) Mar 3 2017 94.5 Puts
SVXY (Weekly) Mar 3 2017 95 Puts
SVXY (Weekly) Mar 3 2017 96 Puts
SVXY (Weekly) Mar 3 2017 96.5 Puts
SVXY (Weekly) Mar 3 2017 97 Puts
SVXY (Weekly) Mar 3 2017 97.5 Puts
SVXY (Weekly) Mar 3 2017 98 Puts
SVXY (Weekly) Mar 3 2017 98.5 Puts
SVXY (Weekly) Mar 3 2017 99 Puts
SVXY (Weekly) Mar 3 2017 104 Puts
SVXY (Weekly) Mar 3 2017 108 Puts

UVXY (Weekly) Mar 3 2017 23 Calls (Covered)
UVXY (Weekly) Mar 3 2017 23.5 Calls (Covered)
UVXY (Weekly) Mar 3 2017 24 Calls (Covered)
UVXY (Weekly) Mar 3 2017 24.5 Calls (Covered)
UVXY (Weekly) Mar 3 2017 25 Calls
UVXY (Weekly) Mar 3 2017 27 Calls
UVXY (Weekly) Mar 3 2017 27.5 Calls
UVXY (Weekly) Mar 3 2017 31 Calls
UVXY (Weekly) Mar 3 2017 50 Calls
UVXY (Weekly) Mar 3 2017 60 Calls

— Assignments —
NUGT (Weekly) Mar 3 2017 10 Puts
NUGT (Weekly) Mar 3 2017 9.5 Puts

OptionsExpiration

$SVXY $70 puts
$SVXY $105 puts
$UVXY $23 calls
$UVXY $26 calls
$UVXY $28 calls
$UVXY $30 calls
$UVXY $35 calls
$UVXY $55 calls
$UVXY $60 calls

Was a pretty good week. Have a great weekend everyone.

PANW roll

#Earnings #ShortPuts #Rolling
BTC $PANW March 3rd for 19.70
STO $PANW April 21st 135 put for 20.00

A non-dynamic roll. Will sell some calls against this when it rallies.

$VIX – the VIX index…

$VIX – the VIX index dipped under 11 again today. Typically it doesn’t stay this low for very long.
The coming rate hike could be the catalyst for more volatility.

#OptionsExpiration I have one for…

#OptionsExpiration
I have one for this Friday.
$SVXY March 03rd 100 Put to expire.

Have a great weekend all.

Afternoon. Late getting started.

#ShortPuts
$SVXY Sold to open March 31st 110 P @ 2.35.
$SVXY Sold to open April 21st 95 Put @2.17

Expirations

I have no expirations and will have to wait until March 17 so I am going to the gym. Bon weekend to everyone.

$NUGT #ShortPuts #CheapTrades in an…

$NUGT #ShortPuts #CheapTrades in an IRA with a decent return on #Cash with the stock at 8.10
Sold 1 NUGT Jan 19 2018 4.6 Put @ 1.22
Sold 1 NUGT Jan 19 2018 4.4 Put @ 1.11

$KR #FallingKnife – typically this…

$KR #FallingKnife – typically this is a low volatility stock

AAPL

BTC March 17, 130 puts @.09 cents. Sold @2.20

TLT roll

#PerpetualRollingStrangles – Hoping for a bigger bounce in this thing but not really following through. Take what I can get…

Rolled 119.5 puts to next week’s 119.5 puts @ .48 credit. Just for fun here’s my current positions in this experiment:

(4) March 10th 119.5 puts
(4) March 10th 120 calls
(3) March 17th 120 calls
(3) March 17th 121 calls
(6) June 16th 132 puts

This results in a long delta position of 527 but if you remove the DITM June puts it’s a -34 delta. While waiting for TLT to recover I’m able to roll the DITM June puts out 3 months and down one strike for about even. Can continue doing that forever while trading aggressively underneath it. Overall working pretty good in spite of starting this just prior to the implosion.

Total premium received since the beginning (October 2016) : 81.53 points

Decent return on 6300 margin and what was a one third size position for the first 3 months of the experiment.

$URI

Karen Finerman doubled down on her short $URI. My way of following along.
STO $URI Mar 17 $135 calls @ $1.30

EWW

#ShortStrangles – Kinda screwed this one up…forgot I had this order in and it filled on the spike at the open.

Sold EWW APR 21 2017 43.0/48.0 Strangles @ 1.15

Because of that I’m closing the current one a little sooner than I intended strictly for position size and risk management. Still a nice profit so I’m not gonna complain (too much). 🙂

Bought to Close EWW MAR 17 2017 43.0/48.0 Strangles @ .67 (sold for 1.40)

SVXY

#IRA #ShortPuts – Bought to Close SVXY MAR 17 2017 80.0 Put @ .10 (sold for 2.20)

SPX puts closed

#SPXcampaign Bought to close $SPX March 8th 2320/2295 put spreads for .15. Sold for 2.30 on Feb 22nd.

VIX plunges again this morning, even with market showing some weakness.

$DUST #ShortCalls – Added to…

$DUST #ShortCalls – Added to positions. Couldn’t resist. Of course the last time I said that with NUGT a year ago I got crushed. So I’m staying as small as possible.
All are the highest available strike prices with the stock at 37.27, unchanged from the close.
Sold 1 DUST Apr 21 2017 53.0 Call @ 2.35
Sold 1 DUST Jun 16 2017 65.0 Call @ 4.40
Sold 1 DUST Jan 19 2018 90.0 Call @ 7.20

Edit: It seems I was a bit early ….