#Markets #Volatility #Gold – levels…

#Markets #Volatility #Gold – levels to watch – previous turning points from late Feb ….
$SVXY / $UVXY – the last SVXY bottom was 118.39 while UVXY topped at 23.85.
$NUGT /$DUST when gold futures touched 1260 (now at 1245), NUGT peaked at 12.28 while DUST bottomed at 26.30

My opinions fwiw:
UVXY is unlikely to reach the prior peak until after SVXY violates its prior low – selling UVXY “Weekly” calls in the 30’s seems like a winning move vs. SVXY Puts. They can always be rolled.

DUST is much closer to it’s previous low than NUGT is from its high. A 28% move in NUGT would just about do it, but DUST would drop 28% to 21, over 5 points below its last bottom. I’m hanging on to my short DUST calls for June (65) and Jan 2018 (90) until that happens. I will continue to roll down DUST puts as needed.

FDX!!!

#Earnings… holy crap what a ride after hours… our bullish trades looked dead, now they’re alive and kicking hard!

DUST

#ShortCalls – This was a short term delta play that I promised myself I’d unload at 50 percent of max or better the first chance I got. Late fill yesterday…

Bought to Close DUST JUN 16 2017 65.0 Call @ 1.10 (sold for 4.00)

REGN

#ShortStrangles – I’m hoping this is a week or two before earnings…

Sold REGN APR 28 2017 350.0/410.0 Strangle @ 8.20

$UVXY #ShortCalls – Sold UVXY…

$UVXY #ShortCalls – Sold UVXY Apr 28 2017 35 Calls @ 0.70 with the stock at 17. Highest available strike price.

SVXY

#ShortPuts #IRA – Did manage to squeeze a couple in today…also booking one longer term hoping for a nearer term sale.

Bought to Close SVXY MAR 31 2017 95.0 Put @ .05 (sold for 2.50)
Bought to Close SVXY JUN 16 2017 70.0 Put @ 1.45 (sold for 4.60)

Sold SVXY APR 28 2017 100.0 Put @ 2.20

Grrrrr…..

#Frustrations

1. Leave DFW hotel room as opening bell sounds
2. Tow bar issues on pushback
3. Return to gate for 45 minute maintenance inspection
4. Finally ready to leave
5. Wait in long taxi line
6. Airborne for beautiful trip across the gulf to MIA (still love that part of the job)
7. Touchdown for 25 minute gate wait
8. Cram myself into last square inch of space on employee bus
9. Sit in traffic standstill for 45 minutes while 2 by 4’s are cleaned up off of the turnpike
10. Pull into RV park and turn on computer and hear the closing bell

LMAO! That, my friends, is the typical day of a guy that can’t wait to retire!

Looks like I missed a great day…hoping for a second chance tomorrow. Nice trading everyone!

$UVXY Adding some weeks in…

$UVXY Adding some weeks in April I didn’t have exposure in
Sold $UVXY Apr 7 30 calls @ .32
Sold $UVXY Apr 13 30 calls @ .42
#VXXGame

FB trades, continued

#Earnings #StockTrades #CoveredCalls
As per my previous post, more stock sold at 138.80, and BTC March 31st 140 call for .90 (sold for 1.40 on 2/22).

Market

No panic yet. S&P down 30 and $UVXY is only up $1 (6%)

Check the $UVXY volume today.

#earnings FDX complete theft from…

#earnings
FDX complete theft from Fauzia at TT, March 24 BuCS (bull call spread if I remember right) 195/200 for 169 financed with April 21 IC 170/180/205/215 for 2.29.
Last 10 earnings have been -3,+6,-4,+11,+2,-2,-2,-1,-3,+3 according to busystock.com

SVXY

In an IRA STO May 19, 85 puts @1.65

DIA Covered Puts

Sold these against my short position.
STO $DIA May 19 195 puts @ 1.19

more SPX trades

#SPXcampaign Rolled a put spread and a few call spreads closed…

STOPPED, bought to close $SPX March 27th 2355/2330 puts spreads for 7.60. Sold yesterday in a #CondorRoll for 5.20. Rolled into another condor…
Sold to Open SPX April 3rd 2300/2325/2380/2405 condors for 7.80

Closed March 24th 2385/2410 call spreads for .50. Sold yesterday for 3.75
Closed April 13th 2455/2480 call spreads for .20. Sold last week for 1.30
Closed March 31st 2420/2445 call spreads for .20. Sold for 2.65 on March 7th

UVXY May

Sold May 19 30 calls @ 1.70. Highest strike.

News

03/21/2017 (MT Newswires) — The dollar’s losses have accelerated in sympathy with a broad sell-off across Wall Street as traders adopt a risk-off bias ahead of Thursday’s House vote of the American Healthcare Act. If the bill is voted down, investors fear that the loss of President Trump’s political capital will undermine his efforts to reform business regulations and increase infrastructure spending.

Tesla-down big today

Tesla-down big today

$SVXY $UVXY

#VXXGame A few more trades

STO $UVXY Mar 31 $24.5 calls @ $0.31
STO $UVXY Mar 31 $26 calls @ $0.25
STO $UVXY Apr 7 $29.5 calls @ $0.32
STO $SVXY Mar 24 $115 puts @ $0.30
STO $SVXY Apr 7 $90 puts @ $0.35
STO $SVXY Apr 13 $90 puts @ $0.40

SVXY roll

#VXXGame #StrangleRoll
#Rolling out some ATM calls to an OTM #ShortStrangles which requires much less margin to carry.

BTC $SVXY June 135 calls for 18.35. Sold for 8.05 on Jan 20th.
STO $SVXY Sept 100/180 strangles for 18.95.

Nice day so far on the Indexes

#ym #es

8:30 Entered short YM at 900, for the open gap..
9:05 Exited my trade at the 860, for the gap close
gain 40 points

also 3 other downside moves for 60 points during the sell down this morning..

8:30 – 11:30 100 points …

we will see how the moves at 1pm-3pm go…

FB trades

#Earnings #CoveredCalls #StockTrades
With FB hitting all-time highs this morning, I first sold the April 28th 145 covered call for 2.00. I then put Trailing Stops on my stock position, at three levels: 2.00, 3.50, and 5.00 trails.

The 2.00 trail was hit, so sold one-third of the stock for 140.30. Cost basis 131.20.

SPX trades

#SPXcampaign Sold my first standard weekly put spread early when the drop got started:
Sold to Open $SPX April 20th 2265/2240 put spreads for 1.40, when SPX was at 2363

Stopped out of an #ITMroll a day early to take advantage of low price. I plan to sell a roll on a bounce above 2365. Bought to close SPX Karch 29th 2355/2380 call spreads for 12.05. Sold for 18.50 last Thursday.

Stopped and rolled a put spread since my 3.00 stop was breached. Waited for the bounce to make the trade. Was able to roll into a nicely OTM condor without increasing position size.
STOPPED: Bought to close SPX April 13th 2300/2275 put spreads for 2.60.
#CondorRoll: Sold to Open SPX April 28th 2200/2225/2440/2465 iron condors for 2.75.

$UVXY #ShortCalls #VXXGame – Sold…

$UVXY #ShortCalls #VXXGame – Sold 1 UVXY May 19 2017 30.0 Call @ 1.69. Highest available strike price and my first trade in this series.

$UVXY #ShortCalls – Some speculative…

$UVXY #ShortCalls – Some speculative call sales that expire Friday
Sold Mar 24 2017 22.0 Puts @ 0.22
Sold Mar 24 2017 22.5 Puts @ 0.22

$SVXY #ShortPuts – Some speculative…

$SVXY #ShortPuts – Some speculative put sales that expire Friday
Sold Mar 24 2017 120.0 Puts @ 0.40
Sold Mar 24 2017 119.0 Puts @ 0.40
Sold Mar 24 2017 108.0 Puts @ 0.20
Sold Mar 24 2017 107.0 Puts @ 0.20
Sold Mar 24 2017 106.0 Puts @ 0.20

$SVXY #ShortPuts – starting my…

$SVXY #ShortPuts – starting my May #OptionLadder with the stock breaking below 136.
Sold 1 May 19 2017 75.0 Put @ 1.05
Sold 1 May 19 2017 80.0 Put @ 1.40
Sold 1 May 19 2017 85.0 Put @ 1.75

#shortputs UVXY sold April 21…

#vxxgame
UVXY sold April 21 31 call for .61

$SVXY

STO Apr 13 $85 puts @ $0.40

SVXY May

Sold $SVXY May 19 85 puts @ 1.65
#VXXGame

AMZN

STO January 2019 600 puts @26.70

FDX earnings

#SPXcampaign Going for a 1:4 r/r bullish #IronButterfly on $FDX

Sold to Open FDX March 24th 190/195/200 iron butterflys for 4.10. Max risk .90. Max profit near 4.00 if Friday pins near 195 on Friday. Call volume at 195 is ten times higher than surrounding strikes.
Over past 12 earnings, the 3-day results: Biggest UP move: 13.5%, Biggest DOWN move: -8.2%, Average move: 4.5%.

SVXY naked calls

STO January 2018, 255 call@4.50

STO January2018, 260 call @4.05

SPX Campaign

#spxcampaign
$SPX STO 4/13 2200/2250 BUPS @ 2.20

Divergence

All time highs today in FB, NFLX, AAPL, AMZN… and yet S&P down 15 from morning highs. Even with all of those tech highs, Nasdaq has gone negative.

#craziness

SPX CampaignClosed Early

#spxcampaign
$SPX BTC 3/22 2420/2395 BECS @ .15 STO 3/17 for 1.50 90% profit

SVXY

STO April 21, 105 put @1.15

STO April 28, 105 put @1.78
STO May 19, 100 put @2.45

SPX trades

#SPXcampaign Since March 1st SPX high, this has been a pattern… failed rallies. At the same time, there have been buyers when we hit lows.

Bought to close $SPX March 22nd 2350/2325 put spreads for .20. Sold for 3.55 on March 10th.
Sold to Open SPX April 20th 2445/2470 call spreads for 1.35, with SPX at 2374.
Sold to Open SPX March 31st 2355/2380 call spreads for 16.75. #ITMroll for spread that was stopped on Friday.

AMZN BUPS

#shortputs
$AMZN STO 4/21 830/840 BUPS @ 2.00 Thought $AMZN was breaking out. We’ll see.

$NUGT #CoveredCalls – Sold NUGT…

$NUGT #CoveredCalls – Sold NUGT Mar 24 2017 10.0 Calls @ 0.13 with the stock at 9.40.
Assignment would take me out of the stock at a profit, plus my 9.0 Puts would expire (unless I cover them for a penny before Friday).

Joining the Burrito Brigade

#shortstrangles
$CMG STO 4/13 375/420 Strangle for 3.00 (Yikes, is $CMG up 12 points today)