#CoveredCalls – Rolled this week’s 124 covered calls to March 31st 127’s @ even….picking up another 3 points of upside while maintaining a little downside protection.
Monthly Archives: March 2017
REGN adjustment
#ShortStrangles – Had an extra one on for this week. Put looks great and call sitting at breakeven so closing and setting a new one much wider. Still sitting on March 31st 330/420…
Bought to Close REGN MAR 17 2017 365.0/395.0 Strangle @ 2.69 ( sold for 5.62)
Then:
Sold REGN APR 21 2017 350.0/420.0 Strangle @ 7.02
$OXY $MRO $ALXN – #FallingKnife…
$OXY $MRO $ALXN – #FallingKnife candidates
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Mar 17 2017 113.0 Puts @ 0.35 with the stock at 133. These expire Friday
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold UVXY Jun 16 2017 60.0 Calls @ 1.38 with the stock at 19.05
SPX puts sold
#SPXcampaign Sold to Open $SPX April 13th 2260/2235 put spreads for 1.45, with SPX at 2363.
Also yesterday, bought to close SPX March 20th 2335/2360 call spreads for 21.50. Tried but didn’t manage to get filled on the roll, so I will wait for some strength to do it today.
$SVXY $NUGT – a pretty nothing day overall.
Sold a few SVXY Puts and some NUGT covered calls for a few pennies but they all expire this week.
Sold 1 SVXY Mar 17 2017 97.0 Put @ 0.15
Sold SVXY Mar 17 2017 100.0 Puts @ 0.12 and 0.13
Sold SVXY Mar 17 2017 102.0 Puts @ 0.20
and
Sold NUGT Mar 17 2017 10.0 Calls @ 0.06
SPX Spread
Sold 2 apr 13-2017 2200/2300 BUPS for 5.40 credit
#ironcondor REGN Fuzzball influenced repeat…
#ironcondor
REGN Fuzzball influenced repeat trade. I have a March 17 REGN 355/360/400/405 that appears safe. Sold April 21 355/360/420/425 for 185. Earnings May 3. REGN currently at 388.
a Blah Day…
$UVXY $SVXY
$UVXY new all time low.
$SVXY within pennies of new high.
$SPY broken wing butterfly
STO Mar 17 237/238/239.5 for 1.06
Max possible loss 0.44 if closes above 239.06. Profitable anywhere below that.
#DebitSpread BTO Apr 13 AXP…
#DebitSpread
BTO Apr 13 AXP 81.5/78.5 BuCS for $1.30
$UVXY #ShortCalls Bought to close…
$UVXY #ShortCalls Bought to close with a GTC order March 17th 33 calls @ 0.03 plus 0.08 fees. Replaced this with March 28th calls @ 0.39with fees of 5.11.
#contangoetfs SVXY rolled March 17,…
#contangoetfs
SVXY rolled March 17, 135/140 to April 21, 140/145 for a credit of .26
Closing some NUGT positions
Taking these off instead of waiting another month or two for the last few pennies.
Bought to close $NUGT Apr 21 20 calls @ .03 (sold for .76 on 2/2 and .80 on 2/6)
Bought to close $NUGT May 19 26 calls @ .04 (sold for .80 on 2/8)
TVIX
http://www.investopedia.com/news/volatility-etn-face-110-reverse-split-tvix-vxx/
Can the rest of ’em be far behind?
SVXY
Trimming a little…
Bought to Close SVXY MAR 24 2017 90.0 Put @ .20 (sold for 2.50)
SPX strangles
I had April 3, and April 5, 2200/2500 strangles that I bought back this morning for a .05 cent profit. They were using too much margin for the risk and the small profit I could have made.
$URI
BTC Mar 17 $135 calls @ $0.05, sold for $1.30 on 3/3.
MBLY
BTC September 40 puts @0.10 cents. Sold @2.45 and no commission.
Hope no one was short…
Hope no one was short $MBLY calls.
GOOGL
I closed my 2019 diagonal spread by buying the March 17, 840 call and selling the 2019, 650 call. I have kept the short on the 500 put in 2019. I calculate that I made about 17 points of premium on the trade.
I also closed many of my short positions in SVXY to raise cash. I may be very wrong but I feel that this market is due for some correction and I want to have cash in order to take advantage of the decline if it happens.
Options Expiration
$SVXY $70 puts
$SVXY $85 puts
$UVXY $28 calls
$UVXY $30 calls
$UVXY $31.5 calls
$UVXY $33 calls
$UVXY $34.5 calls
Have a great weekend everyone.
Options Expiration 3/10/17
#OptionsExpiration #Earnings #CoveredCalls #BullPutSpreads
Would have been a much happier Friday if I hadn’t gotten shaken out of an expiring put spread at the lows of the day.
— Expiring —
FB 140 covered call
ULTA 255/245 put spreads
UVXY 28 calls
I will be posting SPX trades and updated chart later
#OptionsExpiration #Weeklys #Mar10 – it…
#OptionsExpiration #Weeklys #Mar10 – it was almost all volatility plays again this week, as $SVXY and $UVXY did what was needed to allow every position to expire worthless.
$GDX and $NUGT bounced at the end of the day Friday but I’m allowing some put assignments again and will continue selling covered calls at strike prices above my cost.
Some nice big gains on some $DUST Puts helped soften the blow.
A major monthly expiration is on tap for next week.
— Expirations —
DUST (Weekly) Mar 10 2017 26.5 Puts
DUST (Weekly) Mar 10 2017 33 Puts
FB (Weekly) Mar 10 2017 124 Puts
SVXY (Weekly) Mar 10 2017 70 Puts
SVXY (Weekly) Mar 10 2017 80 Puts
SVXY (Weekly) Mar 10 2017 100 Puts
SVXY (Weekly) Mar 10 2017 115 Puts
UVXY (Weekly) Mar 10 2017 24.5 Calls
UVXY (Weekly) Mar 10 2017 25 Calls
UVXY (Weekly) Mar 10 2017 25.5 Calls
UVXY (Weekly) Mar 10 2017 29 Calls
UVXY (Weekly) Mar 10 2017 33 Calls
UVXY (Weekly) Mar 10 2017 34 Calls
UVXY (Weekly) Mar 10 2017 34.5 Calls
UVXY (Weekly) Mar 10 2017 35 Calls
UVXY (Weekly) Mar 10 2017 40 Calls
— Assignments —
NUGT (Weekly) Mar 10 2017 9 Puts
NUGT (Weekly) Mar 10 2017 10 Puts
Expirations Closed Early One More Trade
#optionsexpiration
$SPX 2165/2190 BUPS
$SPX 2200/2225 BUPS
$ULTA 245/255 BUPS (Earnings Trade) Thank you @jeffcp66
$UVXY 30 calls
$UVXY 20 calls We made it @honkhonk81 Thank you
Closed Early
$GOOGL BTC 3/17 790/800 BUPS @ .05 97% profit
$MRVL STC 3/17 16 call @ .35 33% loss (Should have waited)
$ULTA STC 3/17 260 call @ 24.67 33% profit
One More Trade
$FIZZ BTO 3/17 call @ 1.38 (Speculative)
Thanks to everyone’
Have a terrific weekend and another profitable week next week.
#DebitSpread #BePS BTO Apr 13…
#DebitSpread #BePS
BTO Apr 13 ALXN 129/124 BePS for $2.40
$DUST #shortcalls BTC Mar 10…
$DUST #shortcalls
BTC Mar 10 $41 calls for 0.05 an hour ago as price began rising
expiring Mar 10 $42 call
BTC Mar 17 40/45 call spread $1.55, sold for $1.14 (too early)
$NUGT #ShortPuts – I don’t…
$NUGT #ShortPuts – I don’t know if this is smarter than taking the stock and selling covered calls on it, but I decided to roll this position from ITM to OTM.
Bought to close NUGT Mar 10 2017 8.5 Puts/ Sold NUGT Apr 7 2017 7.5 Puts @ 0.10 Credit with the stock at 7.91.
At least I sucked out all the time premium from the old position.
edit:
Also rolled some of my Mar 10 2017 9.0 Puts down to Apr 21 2017 8.0 Puts for a 0.10 Credit with the stock at 7.98
another edit:
Also rolled some of my Mar 10 2017 9.0 Puts down to Apr 13 2017 8.0 Puts for a 0.09 Credit with the stock at 8.16
SPX Campaign
$SPX STO 4/7 2455/2430 BECS @ 1.65 Following @jeffcp66 Thank you
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Apr 28 2017 70.0 Puts @ 0.57. My first SVXY trade in this expiration cycle.
SPX Trade Closed Early and Short Puts
#spxcampaign Closed Early
$SPX 3/31 2495/2470 BECS @ .10 93% profit
#shortputs
$AMZN STO 3/17 835/840 BUPS @ .60 Thank you @alsumde
$TMUS STO 3/24 57/60 BUPS @ .60 Thank you @prvtrader
SPX trades
#SPXcampaign Bought to close $SPX March 24th 2435/2460 call spreads for .20. Sold for 1.30 on Feb 23rd.
Bought to close SPX March 10th 2365 calls for 2.00. Sold as the 2365/2340 put spread for 2.90 on March 1st… this one sucked, as it could have been closed cheaply this morning. Damn me and my predilection for expiring options!
Sold to Open SPX March 31st 2400/2425 call spreads for 4.40. Partial roll of the put spread I closed yesterday for 98.75
Sold to Open SPX April 7th 2430/2455 call spreads for 1.55.
$SIG #ShortCalls – Sold SIG…
$SIG #ShortCalls – Sold SIG JUL 21 2017 100.0 Calls @ 0.40 to be paired off with existing short Puts with the stock topping out at 73.90 today
PANW calls
#Earnings #ShortCalls #Underwater
Sold to open $PANW March 31st 125 call for 1.00
Sold to open $PANW April 21st 130 call for .80
I put in these prices based on the early pop to 116, and that clearly was too soon, as the stock made it above 119. These are against my April 135 puts which were rolled after the earnings miss.
SOLD -UVXY 17 MAR 17…
SOLD -UVXY 17 MAR 17 28 CALL @.15
SOLD – AMZN 17 MAR…
SOLD – AMZN 17 MAR 17 837.5/832.5 PUT @.43
SOLD -AMZN 17 MAR 17…
SOLD -AMZN 17 MAR 17 840/835 PUT @.53
#bups STO Mar 24th TMUS…
#DebitSpread #BePS
BTO Mar 24th TMUS 60/57 Bought the 60 Put and Sold the 57 Put for $0.62
Sorry I posted this as a credit when it should have been a debit.
IBB adjustment
#ShortStrangles – Adjusting next week’s 280/290 strangle…booking one side and rolling threatened side out a couple weeks into a new strangle.
Bought to Close IBB MAR 17 2017 280.0 Put @ .20 (sold for 5.28)
Then:
Rolled 290 call out to March 31st 297.5/300.0 Strangle @ .21 credit (also carrying forward the 3.30 received from 290.0 original call sale).
#postearnings ULTA modified a trade…
#postearnings
ULTA modified a trade from TT, a little safer
April 21 245/255/300/310 for 1.55. ULTA is currently at 283, up almost 3% from earnings
AAPL….completely out now
#ShortStrangles #BullPutSpreads – This was an aggressive adjustment from some rolling strangles I’d been carrying. Goal was to get rid of this one at even allowing an official booking of the 14.30 received from the rolls. Is AAPL a 1000 dollar stock? Heck if I know but it’s at a split adjusted 980 from the last 7 for 1. That’s a lot of iPhones!
Bought to Close AAPL MAR 17 2017 140.0/130.0 Bull Put Spreads @ 1.45 (sold for 1.45)
ULTA earnings
Strong stock….getting out with a profit in case it runs away.
Bought to Close ULTA 262.5/275.0/287.5 Iron Fly @ 7.85 (sold for 10.20)
February Jobs Report
+235,000 non-farm jobs added in February, down 3,000 from January revised number
4.7% unemployment, down .1%
9.2% U6 unemployment, down .1%
63.0% labor force participation, up .1%
0.2% wage growth; January’s growth was 0.1%
$SNAP – Now The Fun…
$SNAP – Now The Fun Begins – SNAP Options Start Trading Today
Weeklys out to Apr 28th then Jul, Oct, Jan2018, Jan2019
VIX Indicator and SPX charts updated
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.
Fun Market Day
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…
$GILD #ShortPuts #FallingKnife- Sold GILD Aug 18 2017 57.5 Puts @ 1.24.
#FallingKnife Candidate $THO
#FallingKnife Candidate
$THO
#shortputs
#shortputs
$TEVA STO 5/18 32.50 put @1.65
$SVXY STO 3/31 86.50 put @ .41 Thank you @vxxkelly
Oil Stocks
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.
$SVXY
#VXXGame
STO Mar 31 $86.5 puts @ $0.41
GILD #FallingKnife Sold $GILD Jan…
GILD #FallingKnife
Sold $GILD Jan 19 2018 47.50 puts @ 1.14
Creates a put ladder with Oct 55 puts
$UVXY
#VXXGame
STO Apr 7 $40 calls @ $.38
STO Apr 13 $40 calls @ $.50
$SVXY #ShortCalls #Rollup – not…
$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…
$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
SPX downward channel
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,…
VIX finally moving a bit, hitting highest level since March 2nd, but still not very impressive.
ALXN
STO August 95 puts @2.50, following Iceman, thanks for the idea.
SPX trades
#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 #ShortPuts #FallingKnife – Sold UAA OCT 20 2017 17.5 Puts @ 1.51
$TRIP #ShortCalls – Sold TRIP…
$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…
$ALXN #ShortPuts #FallingKnife – Sold 1 ALXN Aug 18 2017 95.0 Put @ 2.60 with the stock at 124.80
$SIG – nice bounce this…
$SIG – nice bounce this morning. I’m short a pretty extensive #OptionLadder
TLT
#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
TSLA
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
ULTA earnings
#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…
$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
SPX trades
#SPXcampaign
Bought to close $SPX March 31st 2465/2490 call spreads for .20. Sold as part of a #CondorRoll for 4.60 on March 1st.
#ITMroll Bought to close SPX March 15th 2325/2350 call spreads for 21.50. Sold on March 1st for 22.00.
Sold to Open SPX March 22nd 2345/2370 for 15.50, with 1.5x position size. I’m margin-weighted toward the short put side, so selling extra calls helps. So I increased size on this one which allowed me to move up 20 points. I also added:
Sold to Open $SPX March 16th (monthly) 2390/2415 call spreads for 2.50.
My positions have come closer in to the point that my portfolio resembles one giant iron butterfly on the market. If we can consolidate here for two weeks, it would be brilliant. More likelyI will have to adjust one way or the other.
$UVXY
#VXXGame
STO $UVXY Mar 17 $26 calls @ $0.33
STO $UVXY Mar 24 $32 calls @ $0.25
Lowest TICK reading since October
On NYSE Tick, think or swim
TLT adjustment
#PerpetualRollingStrangles – Working all morning but got a couple fills…
Replacing this week’s expiration:
Sold TLT MAR 24 2017 119.0 Calls @ .63
And:
Rolled this week’s 119.5 puts out to March 24th 119.0 @ .02 credit
#FallingKnife candidates today – $URBN…
#FallingKnife candidates today –
$URBN Urban Outfitters
$OXY Occidental Petroleum
$UAA Under Armour
$AZO AutoZone
$HES Hess Oil
$DUST #ShortCalls – these are…
$DUST #ShortCalls – these are pre-split options and highly illiquid (so caution and patience is advised), but the effective strike price works out to 150.0 with the stock at 39.88.
Sold DUST (20/100) Jan 19 2018 30.0 Calls @ 1.05
Options Bistro 