SVXY UVXY….what if?

With our recent increase in SVXY and UVXY trading I thought it might be a good time to pull this out of the archives…

http://seekingalpha.com/article/2250783-how-uvxy-and-svxy-would-have-reacted-in-2008-and-2011?page=7

UVXY to 222 and SVXY to 3? Run that through the TOS analyze tab with current positions and see how it looks. Not a pretty site. Chances are slim but anything is possible with the chance of things going bump in the night over in North Korea or the South China Sea. Let’s be careful out there!

Late 2008

#vxxgame

Options Expiration

#optionsexpiration
$TMUS 57/60 BUPS Thank you @prvtrader
$TECK 20.5 put Thank you @jsd501
$T 41.5 call (Covered – stock called away)

Have a wonderful spring weekend. First of many.
Thanks to all. Nice place to spend a few mornings each week.

#OptionsExpiration for March 24 $NUGT…

#OptionsExpiration for March 24
$NUGT 03/24/2017 17.50 calls
$SVXY 03/24/2017 95.00 puts
$SVXY 03/24/2017 115.00 puts
$UVXY 03/24/2017 45.00 calls

No assignments.

Have a great weekend everyone.

OptionsExpiration 3/24/17

#OptionsExpiration #Earnings #Assignment
Only losers to post this week! Yay!

FDX 190/195/200 iron butterfly… max loss.. and it looked so pretty on Wednesday…
PANW April 21st 135 puts, assign stock on 3 puts; still holding 1 put.

OptionsExpiration

Not a huge number of positions, but pretty nice profits.

$SVXY $95 puts
$SVXY $100 puts
$SVXY $115 puts
$UVXY $20 calls
$UVXY $23 calls
$UVXY $25 calls
$UVXY $32 calls
$UVXY $45 calls

Have a great weekend everyone. Had a hell of a week at work so headed to go work out then drink beer.

#OptionsExpiration #Weeklys #Mar24 – everything…

#OptionsExpiration #Weeklys #Mar24 – everything expired or was rolled for a profit this week. Looking forward to next week.

— Expired —
DUST Weekly Mar 24 2017 23 Puts
DUST Weekly Mar 24 2017 24.5 Puts
DUST Weekly Mar 24 2017 28 Puts
DUST Weekly Mar 24 2017 28.5 Puts

NUGT Weekly Mar 24 2017 7 Puts
NUGT Weekly Mar 24 2017 7.5 Puts
NUGT Weekly Mar 24 2017 8.5 Puts
NUGT Weekly Mar 24 2017 9 Puts
NUGT Weekly Mar 24 2017 10 Calls – Covered
NUGT Weekly Mar 24 2017 10.5 Calls – Covered

SVXY Weekly Mar 24 2017 65 Puts
SVXY Weekly Mar 24 2017 80 Puts
SVXY Weekly Mar 24 2017 85 Puts
SVXY Weekly Mar 24 2017 106 Puts
SVXY Weekly Mar 24 2017 107 Puts
SVXY Weekly Mar 24 2017 108 Puts
SVXY Weekly Mar 24 2017 119 Puts
SVXY Weekly Mar 24 2017 120 Puts

UVXY Weekly Mar 24 2017 22 Calls – Covered
UVXY Weekly Mar 24 2017 22.5 Calls – Covered
UVXY Weekly Mar 24 2017 27 Calls
UVXY Weekly Mar 24 2017 27.5 Calls
UVXY Weekly Mar 24 2017 32 Calls
UVXY Weekly Mar 24 2017 32.5 Calls
UVXY Weekly Mar 24 2017 34.5 Calls
UVXY Weekly Mar 24 2017 36 Calls
UVXY Weekly Mar 24 2017 38 Calls
UVXY Weekly Mar 24 2017 45 Calls

$UVXY #ShortCalls – UVXY could…

$UVXY #ShortCalls – UVXY could not quite get to 20 before falling all the way back to 18
Sold UVXY Mar 31 2017 33.0 Calls @ 0.26 – these expire next Friday
Sold UVXY Apr 13 2017 40.0 Calls @ 0.52
Sold 1 UVXY Apr 28 2017 35.0 Call @ 1.36
Sold 1 UVXY May 5 2017 32.0 Call @ 1.92

$SVXY #ShortPuts – WOW!! -…

$SVXY #ShortPuts – WOW!! – a brief drop to 128 on SVXY then right back up –
Sold SVXY Mar 31 2017 95.0 Puts @ 0.42 – these expire next Friday
Sold SVXY Mar 31 2017 99.0 Puts @ 0.63 – these expire next Friday
Sold SVXY Mar 31 2017 100.0 Puts @ 0.65 – these expire next Friday
Sold SVXY Apr 21 2017 78.0 Puts @ 0.70
Sold 1 SVXY May 5 2017 75.0 Put @ 1.15
Sold SVXY Jun 16 2017 52.0 Puts @ 0.82

#goldminers DUST Expired worthless Mar24…

#goldminers DUST
Expired worthless Mar24 $31 C sold today 0.25
Mar24 $30 C rolled to next week $31 C for 0.60 cr
done for week

#shortcalls #Volatility BTC Jan 2018…

#shortcalls #Volatility
BTC Jan 2018 $100 Calls for $57 (margin sale I didn’t see coming), sold $19.25 4 months ago. Once again held on too long expecting pullback that never came. Painful lesson. It has taken so many small trades to get wiped out in one extremely bad trade is disheartening.

UVXY calls

Sold May 5 32 calls @ 1.85. Highest strike.

SVXY

STO June 16, 50 puts @.70 cents. I am done for the day.

SPX trades

#SPXcampaign Sorry I haven’t been posting all trades last few days. Been pretty busy both trading and with other duties this week. In general, I have been rolling near-the-money put and call spreads, as well as selling some addition call spreads. This week was quite beneficial for me since I have been leaning short for a couple months. If we can stay in this range or go lower, I will be able to back out of all previously ITM call spreads next week.

Today:
Sold to Open $SPX April 20th 2420/2445 call spreads for 1.50

Bought to close March 31st 2355/2380 call spreads for 11.00. Sold for 16.75 on Tuesday.
#CondorRoll (wings sold separately): April 7th 2365/2390 calls for 8.35 and 2305/2280 puts for 3.10

Bought to close March 27th 2390/2415 calls for .20. Sold in a condor for 5.20 on Monday.

$SVXY

STO May 19 $70 put @ $1.25

Going to stand aside now until the close.

Earnings….already?

Starting to see a few earnings dates trickle in at TOS. Second week of April starts cranking up again.

🙂 🙂

More SVXY

Might be pushing it a little on the upside here but it’s the highest available strike for now. Went back to a fairly conservative upper trend line I’d forgot about on freestockcharts.com that I used to use for call selling. This should be safe but not a lot of breathing room…

#ShortStrangles – Sold SVXY MAY 5 2017 80.0/160.0 Strangle @ 3.00

$UVXY

STO Apr 7 $35 calls @ $0.35
STO Apr 13 $35 calls @ $0.45

$VIX – the VIX index…

$VIX – the VIX index has broken to a new March high, but SVXY, VXX and UVXY are not reflecting that. They are still inside yesterday’s ranges. However $SVXY Put buyers are getting more aggressive.
I’m currently selling May and Jun puts in the 60’s in size while just nibbling at other strike prices.

TECK

BTC March 24, 20.50 puts @.01 to avoid any possibility of assignment. Sold @0.53

SVXY

#ShortStrangles – Sold SVXY MAY 19 2017 80.0/170.0 Strangle @ 3.45

SVXY BUPS and Closing Early

#shortputs
$SVXY STO 5/1 81 put @ 1.25 Thank you @optioniceman
$SVXY STO 5/19 70 put @ 1.10 Thank you @jsd501
$USCR STO 4/21 55/60 BUPS @ 1.60 (“Hoping” CF leaving is innocuous and the “wall” is in)

#closed
$REGN BTC 3/24 370 put @ .70 STO for 3.61

$UVXY #ShortCalls – UVXY briefly…

$UVXY #ShortCalls – UVXY briefly rallied to 18.60, below yesterday’s high but I got more fills at the highest strike prices.
Sold UVXY Apr 28 2017 35.0 Calls @ 1.08
Sold 1 UVXY May 5 2017 32.0 Call @ 1.49
Sold 1 UVXY Jun 16 2017 60.0 Call @ 1.55

TLT

#PerpetualRollingStrangles – Liking these so much I’m increasing the position size a little…

Sold TLT MAY 19 2017 116.0/124.0 Strangles @ 1.65

$SVXY #ShortPuts – SVXY briefly…

$SVXY #ShortPuts – SVXY briefly dipped under 133 and I got some more fills
Sold SVXY Jun 16 2017 50.0 Puts @ 0.62
Sold 1 SVXY Jun 16 2017 60.0 Put @ 1.45
Sold SVXY May 19 2017 65.0 Puts @ 0.85
Sold 1 SVXY May 19 2017 80.0 Put @ 1.85
Sold 1 SVXY May 5 2017 81.0 Put @ 1.25
Sold SVXY Mar 31 99.0 Puts @ 0.44 – these expire in 1 week.

SVXY

STO May 19, 70 puts @1.10

svxy

STO May 19, 75 puts @1.75

STO March 31, 99 puts @0.38
STO May 5, 75 puts @ 0.90

Hat tip to Taylor

$SVXY $UVXY

STO $UVXY Mar 31 $23.5 calls @ $0.50
STO $UVXY Apr 7 $31 calls @ $0.33
STO $SVXY May 5 $75 puts @ $0.75

$SVXY #ShortPuts – a couple…

$SVXY #ShortPuts #OptionLadder – a couple of fills
Sold SVXY Mar 31 2017 99.0 Puts @ 0.38 – these expire in a week
Sold 1 SVXY MAY 19 2017 70.0 Put @ 1.10
Sold 1 SVXY MAY 19 2017 75.0 Put @ 1.30
Sold 1 SVXY MAY 19 2017 80.0 Put @ 1.75
Sold 1 SVXY MAY 19 2017 85.0 Put @ 2.15

$SVXY

STO Apr 7 $86.5 puts @ $0.40, adding to position
STO Mar 31 $100 puts @ $0.40

Looking for $UVXY opportunies.

When you absolutely, positively have…

When you absolutely, positively have to lose your profits overnight

#Earnings FedX trade turned sour… the peril of choosing to hold onto an #IronButterfly that is perfectly centered on Wednesday, for hopes of more decay and bigger profits on Friday…. BUSTED!

Closed the short calls for .60 yesterday, which was meant to protect me from upside but instead increased my loss. Total loss on trade will now be 1.50 rather than .90. Oh well. Not interested in taking assignment with the market uncertainty.

$UVXY #CoveredCalls – taking nice…

$UVXY #CoveredCalls – taking nice gains on this week’s calls and rolling them up a half point for next week.
Bought to close UVXY Mar 24 2017 20.5 Calls/Sold UVXY Mar 31 2017 21.0 Calls @ 0.69 Credit
Bought to close UVXY Mar 24 2017 21.0 Calls/Sold UVXY Mar 31 2017 21.5 Calls @ 0.63 Credit
Bought to close UVXY Mar 24 2017 21.5 Calls/Sold UVXY Mar 31 2017 22.0 Calls @ 0.55 Credit

Since these are IRA accounts, normally I would wait for expiration of this week’s calls and write new ones on Monday. But I have found that the premiums for 1 week options collapses over the weekend and the bid prices are much lower Monday morning than they are on the close Friday afternoon. I may leave a few dollars on the table buying back worthless options early, but net-net I think I come out ahead.

#longcalls FXE bought Cramer-influenced April…

#longcalls
FXE bought Cramer-influenced April 21 104 call for 1.31, lightly hedged by a 102 put for .12, FXE is at 104.78. There is a somewhat bearish trade at TT on FXE.

Weekend reading….

#Books – Stumbled onto an interesting book. Looks like a great plan for longer term non-option trading accounts. If nothing else it’s fun reading…especially the first chapter. I couldn’t agree more with it.

Rolled GLD

#PerpetualRollingStrangles – Yesterday…didn’t have time to post. More weekly dividends in a long term position. Almost 6 months into the GLD TLT “perpetual” experiment. I’ll try to get an update together. So far though, very low margin to carry these positions and estimating at least a 2-300 percent return on margin required. Now that’s a dividend!

Rolled GLD 120.5/113 inverted out to Apr 7th @ .47 credit.

WYNN adjustment

#ShortStrangles PerpetualRollingStrangles – Originally booked a big gain on covered stock and rolled the ITM calls to 105/100 inverted strangles. When WYNN broke higher I aggressively rolled the 105 puts up to 113. Now leaving the strikes the same and rolling a week for more juicy premium. At some point one side will expire and I’ll roll the remaining side into a new strangle. Earnings should be late April so just doing a week at a time until then…

Rolled WYNN 113/100 inverted strangles out to next week @ 1.35 credit.

New position is 113/100 inverted @ 4.88 credit.

$SVXY

I was in meetings so missed the opportunity at the close yesterday.

At the open STO Apr 13 $80 puts @ $0.35