STO March 31, 95 puts @.38, thanks to Iceman for the idea.
Monthly Archives: March 2017
#spxcampaign Followed an SPX IC…
#spxcampaign
Followed an SPX IC from the Tradewise guys, 2250/2260/2410/2415 for 2.15
Followed Iceman UVXY March 31, 30.5s, April 28, 35
#earningstrade Closed FDX April 21 IC, made about 1.50 on the BuCS and IC together.
$SVXY #ShortPuts – adding on…
$SVXY #ShortPuts – adding on to a couple of positions with the stock at 135 –
Sold SVXY Mar 31 2017 90.0 Puts @ 0.27
Sold SVXY Mar 31 2017 95.0 Puts @ 0.39
Sold SVXY Mar 31 2017 99.0 Puts @ 0.50
Sold SVXY Mar 31 2017 100.0 Puts @ 0.55
All these expire next Friday
$UVXY #ShortCalls – adding on…
$UVXY #ShortCalls – adding on to a couple of positions with the stock at 18.20 –
Sold UVXY Mar 31 2017 30.5 Calls @ 0.26 – these expire next Friday
Sold UVXY Apr 13 2017 35.0 Calls @ 0.38
Sold 1 UVXY May 19 2017 30.0 Call @ 1.79 – Highest strike
Sold 1 UVXY Sep 15 2017 60.0 Call @ 2.56 – Highest strike
#spxcampaign $SPX STO 4/3 2290/2315…
#spxcampaign
$SPX STO 4/3 2290/2315 BUPS @ 3.00 Thanks for idea @jeffcp66
SPX calls closed
#SPXcampaign The good news: Bought to close $SPX March 24th 2370/2395 call spreads for 1.00. Sold for 13.65 on March 3rd. This is the kind of closure I’ve been waiting for with these ITM and ATM spreads.
And now for the bad news, bought to close March 24th 2340/2315 put spreads for 7.35. Sold as part of a #CondorRoll for 5.35 on March 1st. Got stopped at the bottom of the day (so far). Now I gotta roll this one too! (among others)
Closing DUST
Following Iceman’s lead and put in closing orders for a bunch of March and April calls at .05. This one just filled:
Bought to close $DUST Apr 13 55 calls @ .05. Sold for 1.70 on 3/6.
$UVXY #ShortCalls #VXXGame – selling…
$UVXY #ShortCalls #VXXGame – selling additional calls this morning with the stock at 18 –
Sold UVXY Apr 28 2017 35.0 Calls @ 0.80 – Highest strike
Sold 1 UVXY May 19 2017 30.0 Call @ 1.79 – Highest strike
XIV stock
#IRA – Buy orders in for a few shares every 5 dollar drop all the way to 20. At that point I’ll be in a half position looking to load the boat. Not allowed to trade SVXY in this particular account…
Bought XIV @ 69.95
$SVXY #ShortPuts – selling some…
$SVXY #ShortPuts – selling some for next week with the stock at 134.50
Sold SVXY Mar 31 2017 100.0 Puts @ 0.50
Sold SVXY Mar 31 2017 95.0 Puts @ 0.35
NVDA May
Sold $NVDA May 19 90 puts @ 1.40 with the stock at 106.60. Delta is 14.
#VXXGame trades Sold the following:…
#VXXGame trades
Sold the following:
$UVXY Apr 28 35 calls @ .75 (highest strike)
$SVXY Mar 31 115 puts @ 1.30
$SVXY Apr 28 90 puts @ 1.35
$UVXY
#ShortCalls Morning all. Muffed this trade in more ways than I care to think about. Closed all of the April 07th 23 Calls this morning at 0.82.
$SVXY #VXXGame STO Apr 28…
$SVXY #VXXGame
STO Apr 28 $85 put @ $1.00
STO May 19 $80 put @ $1.49
Not planning to make any additional trades until after the health care vote on Thursday.
VXX Game
UVXY. small trades.
STO April 7, 30 call @.36
STO April 13, 30 call @.55
$DUST #ShortCalls – Bought to…
$DUST #ShortCalls – Bought to close DUST Mar 31 2017 41.0 Calls @ 0.05. They won’t trade any lower.
Sold less than a month ago @ 0.90
Market and SNAP
#Market – more weakness today and could get worse into Friday if the earth Care bill continues to struggle on the Hill.
Meantime, $SNAP doesn’t seem to care. May be time to go long.
#earnings FDX closes March 24…
#earnings
FDX closes March 24 195/200 Bucs for a plus .34, have an April 21 IC that I’ll let ride a little.
SPX puts sold at open
#SPXcampaign Sold to Open $SPX April 20th 2225/2200 put spreads for 1.30, with SPX at 2340. Even though mid-price showed .97, I was filled almost immediately at 1.30. Perhaps not a good sign!
UVXY
STO June 60 calls @1.05
#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…..
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
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.
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)
A news item
#news item
The so-called Skew has touched a record. Should stock-market investors be anxious?
A popular options-market gauge of so-called black swan, or difficult to predict, events is drawing the attention of some bears on Wall Street as it trades at record levels.
The CBOE Skew Index , or simply Skew, which measures the relative cost of purchasing out-of-the money put options on the S&P 500 index , finished at a record of 153.34 on March 17 , and maintained that level on Monday. Put options confer the right, but not necessarily an obligation, to sell an asset at a specific price and time, while calls give the owner the right to buy an underlying asset (see chart below of the S&P 500 compared with Skew levels):
Skew essentially offers a way to gauge relative demand from investors interested in purchasing insurance–or hedging their equity exposures–against a possible downturn in the broader stock market. Put another way, Skew tracks bearish options bets on the S&P compared with bullish wagers of similar duration, and by some interpretations, investors are now aggressively betting that risks are growing.
Night Trading
YM evening session
17:10 Entered long YM at 860, just after session opened, at the main PP
20:55 Exit trade at 900, at the R1 PP
gain +40 points
Expired
#spxcampaign
$SPX 2295/2320 BUPS
SPX Campaign Earnings ($NKE)
Away from the machines all day. These were triggered.
#spxcampaign
$SPX STO 3/27 2320/2345 BUPS @ 1.65
#shortputs #earnings
$NKE STO 4/21 55put @ .59
Happy Spring! Where is the floral wallpaper? ;-}
$UVXY Sold April 07th 23…
$UVXY Sold April 07th 23 Calls @ 0.36 and then 0.38. Replacing the March 24th 27 Calls. I think I accidently double sold the position adding the option to my watch list. Had two fills back to back. Still haven’t figured that one out. Will close the double order tomorrow.
SPX Chart and VIX Indicator…
SPX Chart and VIX Indicator have been updated
SPX call spreads sold
#SPXcampaign
Sold to Open $SPX April 3rd 2350/2375 call spreads for 17.10, as an #ITM roll from speed closed earlier
Sold to Open SPX March 24th 2385/2410 call spreads for 3.50, to make up the debit in the roll.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Mar 24 2017 108.0 Puts @ 0.22. These expire at the end of the week
$FB #ShortStrangle – Covered both…
$FB #ShortStrangles – Covered both sides. Sold the strangle @ 1.42. early last month.
Bought to close 1 FB Mar 24 2017 126.0 Put @ 0.01
Bought to close 1 FB Mar 24 2017 146.0 Call @ 0.01
$SVXY Sold April 07th 130…
$SVXY Sold April 07th 130 Put @ 2.35. I will roll if need be
#ironcondor NVDA Sold April 21…
#ironcondor
NVDA Sold April 21 95/100/120/125 for .93
$SVXY, $UVXY #OptionExpiration #Short Calls…
$SVXY, $UVXY #OptionExpiration #Short Calls
Getting a late start to things. Life’s pleasures have been a blessed diversion.
Late entry for my $SVXY puts that expired Friday
100 Puts
110 Puts
Today
$UVXY Bought to close March 24th 27 Calls @ .03. Looking for a new position.
REGN
#ShortStrangles – Book it…looking for a new one.
Bought to Close REGN MAR 31 2017 330.0/420.0 Strangle @ .52 (sold for 5.70)
SPX calls closed
#SPXcampaign Bought to close $SPX March 22nd 2395/2420 call spreads. Sold for 2.20 on Thursday.
NVDA adjustment
#ShortStrangles – Been on a nice run so making a minor adjustment. Booking short puts and rolling short calls out to new inverted strangles. Keeping everything near term until we know earnings week. Should be able to roll there for big credit once we know when it is.
Bought to Close NVDA MAR 24 2017 105.0 Puts @ .39 (sold for 2.80)
and:
Rolled Mar 24th 102 Calls to Mar 31st 113/108 inverted strangles @ 1.10 credit.
Definitely don’t mind fighting this a little to the upside with April 95, 100, and 105 short puts in an #IRA …
Options Bistro 