Ended up positive on SPX despite notching a 3-week intraday low. VIX showed some life, but still nothing scary. Goldman Sachs has said that people are tired of buying protection after so many years of the market going up, so put prices are not going up.
#SPXcampaign Stopped: Closed $SPX March 16th 2370/2345 put spreads for 8.75. Since I have 3 put spreads slightly ITM, I needed to close one to ease the risk going into tomorrow’s Job’s report. Will look to roll based on the market’s reaction.
After a decent up move at open, the YM broke slowly into a down trend, lower hi’s, Lower lows, and finally broke down..filling the gap from the Trump speech day…after filling the 810 gap, it moved back to teh 61% fib at yesterdays close…
12:15 Short YM at 865..at the point of break down, at the top of the channel..
12:30 Exit trade as YM stalls into a box..
gain 30 points on the move down
$GILD #ShortPuts #FallingKnife- Sold GILD Aug 18 2017 57.5 Puts @ 1.24.
#FallingKnife Candidate
$THO
#shortputs
$TEVA STO 5/18 32.50 put @1.65
$SVXY STO 3/31 86.50 put @ .41 Thank you @vxxkelly
Even with oil lower today, the oil stocks climbing. The charts I looked at all show the same thing, serious buying started about 2pm central time.
#VXXGame
STO Mar 31 $86.5 puts @ $0.41
GILD #FallingKnife
Sold $GILD Jan 19 2018 47.50 puts @ 1.14
Creates a put ladder with Oct 55 puts
#VXXGame
STO Apr 7 $40 calls @ $.38
STO Apr 13 $40 calls @ $.50
$SVXY #ShortCalls #Rollup – not being a trusting soul and thinking that this volatility move might be short-lived, I’m rolling a portion of my ITM short calls for next week up to a strike price above the YTD high.
Bought to close SVXY MAR 17 2017 125.0 Calls / Sold SVXY APR 28 2017 137.5 Calls at a 0.20 Credit
$UVXY #ShortCalls – Sold some on this spike with the stock at 19.93 – 20.13
Sold UVXY Mar 24 2017 27.5 Calls @ 0.52
Sold UVXY Mar 24 2017 32.5 Calls @ 0.29
Sold UVXY Mar 31 2017 31.5 Calls @ 0.52
Sold UVXY Apr 7 2017 40.0 Calls @ 0.37
Sold UVXY Apr 21 2017 41.0 Calls @ 0.67
This is an hourly chart… John Carter was showing this earlier. It looked like we might break above it this morning, but it failed.
VIX finally moving a bit, hitting highest level since March 2nd, but still not very impressive.
STO August 95 puts @2.50, following Iceman, thanks for the idea.
#SPXcampaign Sold to Open $SPX April 7th 2255/2230 put spreads for 1.35, with SPX at 2360.
Bought to close SPX March 20th 2430/2455 call spreads for .20. Sold at part of a condor for 9.55 on March 1st. The put side has the short at 2370, so I will treat this as an ITM spread for rolling (first time I’ve done that with puts). Currently trying to exit the March 16th put spread with the same short so I won’t have to deal with two ITM.
$UAA #ShortPuts #FallingKnife – Sold UAA OCT 20 2017 17.5 Puts @ 1.51
$TRIP #ShortCalls – Sold TRIP Mar 17 2017 46.0 Calls @ 0.25. Only a week to go until expiration.
Paired with some longer term short Puts.
$ALXN #ShortPuts #FallingKnife – Sold 1 ALXN Aug 18 2017 95.0 Put @ 2.60 with the stock at 124.80
$SIG – nice bounce this morning. I’m short a pretty extensive #OptionLadder
#PerpetualRollingStrangles – Next week’s 120 and 121’s looking pretty safe so adding a couple weeks out.
Sold TLT MAR 31 2017 118.5 Calls @ .84
Sold TLT MAR 31 2017 119.0 Calls @ .67
Sold TLT MAR 31 2017 119.5 Calls @ .54
She’s hanging on to the 50ma by a thread. Closing call side of next week’s strangle and looking to sell another one. Still sitting on the 240 put for now.
Bought to Close TSLA MAR 17 2017 280.0 Call @ .05 (sold for 2.65)
BTW…thought this was pretty interesting…
http://www.businessinsider.com/tesla-unveils-kauai-hawaii-solar-project-2017-3
#Earnings Sold to Open $ULTA March 10th 255/245 put spreads for 1.15. Over last 12 earnings, Biggest UP move: 17.9%, Biggest DOWN move: -6.1%, Average move: 7.9%. This trade is -7.3% OTM.
$UVXY #ShortCalls – late reports from yesterday with the stock at 19.70 – 19.80
Sold UVXY Mar 17 2017 28.0 Calls @ 0.23
Sold UVXY Mar 24 2017 32.0 Calls @ 0.27
Sold UVXY Mar 31 2017 31.0 Calls @ 0.52
Options Bistro 