#spxcampaign
Closed Early
$SPX 3/31 2295/2320 BUPS @ .60 78% profit
Daily Archives: Wednesday, March 29, 2017
$UVXY #ShortPuts #Speculation – Sold…
$UVXY #ShortPuts #Speculation – Sold some Mar 31 2017 14.5 Puts at 0.10. A bit risky except that the VIX index was already down to 11.03 this morning. That is pretty much the floor on the VIX
$UAA #EarlyAssignment – My Apr…
$UAA #EarlyAssignment – My Apr 27.5 Puts were assigned overnight. Both were small positions. I like the company long term so I will hold it at least until yearend.
I am already short the Jan 35.0 Calls too from higher levels
#earnings #shortstraddle LULU Followed from…
#earnings #shortstraddle LULU
Followed from TT March 31 66 straddle for 5.10, profitable between 60 and a little over 71. LULU has been quiet the last 3 earnings releases, double digits the previous 4 according to busystock.com. LULU is at 65.65 give or take a few.
REGN again
#ShortStrangles – Adjusting my other REGN strangle. Going aggressive since this expires before earnings. Anything in trouble can be rolled into high IV of earnings week.
Rolled Apr 28th 350 put up to 380 @ 4.50 credit.
Position is now Apr 28th 380/410 Strangle @ 12.70 so breakeven of 367.30 up to 422.70
JPM
#IRA #LongCallDiagonals – GS worked nicely so getting back in with a long term modified Whiz trade on JPM. Buying a 2019 call and selling a lower 2019 bull put spread against it to help finance the call purchase. Then…selling front month calls against it. Front month calls only need to bring in 20 cents a week to pay for the opening debit. Risk is stock dropping below 2019 bull put spread but with losses limited I’d get the stock at a reasonable price.
Bought JPM Jan 2019 70 calls and sold Jan 2019 60/50 bull put spreads @ 20.05 debit.
Then:
Sold JPM APR 7 2017 90.0 Calls @ .23
SVXY
STO May 5, 90 puts @.85 cents.
$UVXY
Afternoon Missed getting this posted yesterday. Bought to close April 07th 28 Calls at 0.03.
Today Sold to open April 21st 24 Calls @ 0.39 with $UVXY at 15.63.
Reducing UVXY position in Sep
I added to this position on the volatility spike in late February, doubling my size, so I’m taking the second half off today at a nice profit, to reduce my exposure a bit. Leaving the original position on for now.
Bought to close $UVXY Sep 15 60 calls @ 1.37. Sold for 5.00 on 2/24.
#VXXGame
$SVXY
BTC APR 13 $80 puts @ $.02, sold for .35
BTC APR 21 $65 puts @ $0.05 sold for .90, couldn’t get a fill @ $.02
$UVXY
BTC April 7 $40 calls @ $0.01 (sold for .38)
Have several more orders in to close positions for .01 or .02
SVXY
BTC March 31, 95 puts @.01 cents. I don’t mind taking the risk off the table for a penny.
$MRO #CoveredCalls – Sold MRO…
$MRO #CoveredCalls – Sold MRO JUL 21 2017 18.0 Calls @ 0.62 with the stock at 15.94
Closing REGN strangle
Bought to close $REGN Apr 21 350/420 strangle @ 3.25. Sold for 7.12 on 3/14, following @fuzzballl.
Taking the >50% profit off the table and looking to re-establish something in this name.
Closing Sep CMG
Bought to close $CMG Sep 15 put @ 5.39. Sold for 15.00 on 2/6. Taking the position off for around 65% of the premium received, 5 1/2 months early.
Adjusting CMG strangle
With the stock decisively breaching the short strike of the Apr 13 375/425 strangle, I rolled the put up to 425 for a 4.00 credit, creating a straddle.
#coveredcalls FEYE Rolled March 31…
#coveredcalls FEYE
Rolled March 31 12.50 calls to April 21 13 calls, .11 credit. It would be great if I had to roll these up regularly for the next year-right Fuzzball?
Taking IWM off
Closed position for 57% of max profit.
Bought to close $IWM Apr 21 132/142 strangles @ 1.07. Sold for 2.51 on 3/6.
SPX puts sold
#SPXcampaign Sold to open $SPX Apr 26th 2255/2230 put spreads for 1.35, with SPX at 2354.
Options Bistro 