$UVXY #ShortCalls – a minor blip in volatility as UVXY gets to 19.44
Sold UVXY Mar 17 2017 27.5 Calls @ 0.22
Sold UVXY Mar 31 2017 30.5 Calls @ 0.52
Monthly Archives: March 2017
SPX
STO April 5, 2200/2500 strangle @2.50
SVXY puts
BTC March 17, 95 puts @0.10
85 puts @0.05
80 puts @0.05
Bonds $TBT
Been tied up in projects here at work so haven’t made any trades this week until now.
STO Mar 31 $TBT $39.5/$43.5 strangles @ $0.61
#shortputs TRIP-I think a few…
#shortputs TRIP-I think a few of sold falling knife TRIP puts, finally it appears to have reversed course. Yay
SPX strangle
Yesterday I sold the April 3, 2200/2500 strangle for 2.05 and these trades eat up a lot of margin.
PLCE earnings closed
#Earnings Bought to close $PLCE March 17th 95 puts for .05. Sold yesterday as the 95/90 put spreads for 1.10. Kept its recent trend of positive earnings results…. easy peasy.
CAT-to be charged with tax…
CAT-to be charged with tax and accounting fraud
VIX Indicator and SPX Charts have been updated
A weaker day and uglier close for the SPX, but still an anemic VIX with a lower higher and only a slightly higher close than yesterday.
$UVXY
#ShorCalls Just before the close sold to open March 24th 27 Calls @ 0.42
SPX call spreads closed
#SPXcampaign Bought to close $SPX March 31st 2470/2495 call spreads for .20. Sold for 1.40 last Wednesday.
Bought to close SPX March 24th 2450/2475 call spreads for .20 (only half of position closed). Sold as part of a #CondorRoll for 5.35 last Wednesday.
PLCE earnings
#Earnings Sold to Open $PLCE March 17th 95/90 put spreads for 1.10. Over last 12 earnings, PLCE has been negative only ONCE eight days after the report. 8-day moves: Biggest UP move: 20.0%, Biggest DOWN move: -6.1%, Average move: 7.4%. This trade is 4.7% OTM.
Going with a spread since I’m not feeling like being naked after the PANW burn last week.
/ES experiment
#Futures – Adding a new position using fibwizard’s call strike from his SPX trade earlier. Going a roundabout way to make it a no risk to the downside trade…while setting up a nice short entry if we rally big.
SOLD /ESM7 (June) @ 2366.50
and:
SOLD /ESM7 APR 17 (Wk3) 2425 PUT @ 66.25
So:
1. Position makes 7.75 on anything below 2425
2. I’ll go short /ES at a basis of 2432.75 on anything above 2425
3. Anything in the gray area between 2432.75 and 2425 is profitable with closer to 2425 being better
This is an experiment….looking at it now with all the numbers in front of me a better play would’ve maybe been to sell a slightly lower put to capture more possible gains while getting a short basis closer to 2425.
UVXY
#ShortCallSpreads – Bought to Close UVXY MAR 17 2017 30.0/35.0 Bear call spreads @ .06 (sold for 1.22)
Closing TMUS
Bought to close TMUS Mar 17 60 straddle @ 3.20. Sold for 4.30 on 2/15.
My goal was to take this off at 25% of the profit so I’m sticking to the plan.
YM Trade
Open Gap Fade
9:00am Bought YM Long at 20920, fading the open downside gap
9:45am Exit YM Trade at 20960, as the price hit the Mid-PP, and formed new HOD..
Gain of 40 points
2:40 $ticks exceeds -1000, Enter a long YM trade at 20900
3:00 Exit my trade as the Fade of extreme ticks works, at 20920, at a 61% Fib level
Gain of 20 points
80 points for the day( includes 2 small 10 point scalps)
SPX Strangle
STO 2 Apr 05 2280/2425 Strangle @ 9.13
SPX trades
#SPXcampaign Here are the trades I made earlier…
Sold to Open March 20th 2320/2295 put spreads for 1.60, to make up for the debit from #ATMroll made on Friday.
Sold to Open March 31st 2420/2445 call spreads for 2.65, to make up for the debit from #ITMroll made yesterday.
Sold to Open April 7th 2450/2475 call spreads for 1.40, when SPX hit 2375. Standard weekly trade.
SVXY ladder
Adding one….
Sold 1 SVXY JAN 19 2018 245.0 Call @ 3.75
AVGO puts
BTC April 21, 170 puts @0.10 cents with no brokerage over 6 weeks early. Sold @3.60
#fallingknife DKS, Dick’s Sporting Goods-maybe…
#fallingknife
DKS, Dick’s Sporting Goods-maybe a candidate-negative earnings report, down 9% so far, $44 stock
#shortputs NUGT Rolled March 24…
#shortputs
NUGT Rolled March 24 9 put to April 21, 9 put for a credit of .43
Today’s Trades
#shortcalls
$UVXY STO 3/10 20 calls @ .52 Thank you @honkhonk81
$UVXY STO 3/17 25 calls @ .41 Thanks again @honkhonk81
#shortputs
$JCOM STO 4/21 80 put @ 2.00 Thank you @jsd501
SPX Chart and VIX Indicator have been updated
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SPX trades
#SPXcampaign Sold to Open $SPXPM March 17th 2410/2435 call spreads for 1.60. This is a roll for the call spread exited for 1.50 on Friday.
#ITMroll Bought to close $SPX March 13th 2325/2350 call spreads for 22.75. Sold for 2o.55 last Monday.
Sold to Open $SPX March 20th 2335/2360 call spreads for 20.25. Will roll the remaining 2.50 debit in coming days.
$MYL #ShortCalls #Rollout – Bought…
$MYL #ShortCalls #Rollout – Bought to close MYL Mar 17 2017 42.5 Calls/ Sold MYL Jul 21 2017 45.0 Calls @ 1.05 Credit.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Mar 10 115.0 Puts @ 0.27 with the stock at 131. These expire Friday.
JCOM
STO April 80 puts @2.00
#shortcalls SVXY STC Mar 17…
#shortcalls
SVXY
STC Mar 17 $130C for $4.70, even. I bought this to cover a short Jan ’18 $100 C to reduce margin requirements. Now happy to break even.
BTC Mar 17 $110P for 0.65, sold for $3.00 2/16
#ironcondor DECK-Followed Fauzia(my fav) over…
#ironcondor
DECK-Followed Fauzia(my fav) over at TT. April 21, 40/50/57.50/67.50 for 2.20.
IWM strangle
Sold $IWM Apr 21 132/142 strangles @ 2.51 with IWM at 137.57. Delta of the puts is 25; delta of the calls is 27.
REGN adjustment
Risk reduction while still bringing in more than the original strangle…
Bought to Close REGN MAR 17 2017 380.0 Straddle @ 16.45 (sold for 20.12)
then:
Sold REGN MAR 17 2017 365.0/395.0 Strangle @ 5.62
$DUST #ShortCalls – Sold 1…
$DUST #ShortCalls – Sold 1 DUST JAN 19 2018 90.0 Call @ 8.00 with the stock at 38.92
$UVXY #ShortCalls Bought to close…
$UVXY #ShortCalls Bought to close my March 10th 30 calls @ .03 from a GTC order. Originally entered @ 0.35.
/ES
#Futures – Re-establishing a slight short position for some protection. This won’t make much but it’s a safe starting point.
SOLD /ES @ 2374.50
and:
SOLD /ES MAR 17 2400 PUT @ 29.00
This gives a short basis of 2403.50 so if /ES finishes below 2400 position makes 3.50. If it finishes above 2400 It’ll be a great point to sell more puts. I’ll look out to the June contract after this one…
NXPI
BTC April 21, 95 puts @0.10 cents, sold for 1.00 they are being bought by QCOM.
Plucked a Trade From Goose
#shortcalls
$UVXY STO 3/17 25 calls @ .41 (goose trade @ OMM)
CBOE Volatility Free Webinar
Register at this link: http://www.cboe.com/education/webcasts
DUST calls
Sold $DUST Apr 13 55 calls @ 1.70. Highest strike in the 4/13 weekly series.
NVDA
#ShortStrangles – Closing the call side of the strangle and still holding 105 puts. Planning on applying this gain to the stock basis if I take the stock vs. rolling the puts. Wait and see how next week looks if she rallies any.
Bought to Close NVDA MAR 17 2017 110.0 Calls @ .12 (sold for 2.17)
SPX trades
#SPXcampaign Before the open, bought to close $SPXPM March 17th 2450/2475 call spreads for .20. Sold as part of #CondorRoll for 4.80 last Wednesday.
Sold to Open $SPX April 7th 2265/2240 put spreads for 1.40, with SPX at 2369.
Out At The Open
#spxcampaign
$SPX BTC 3/10 2390/2365 BECS @ 10.45 @ open. STO 2/9 @ 1.45 Was 18 to close on March 1st.
Econ Calendar for week of 3/6/17
Jobs Report on Friday
#earnings PANW Had a March…
#earnings
PANW Had a March 3, 129/135/170/180 earnings IC, PANW down around 115 after earnings, I decided to take the loss, turned out to be $550. I’m not opposed to nursing losing trades, sometimes they turn out better than the original trade. I decided, right or wrong of course, I’d rather sell other spreads and maybe surpass the $550 in the time I could have made up the loss. For those of you who took the shares, I’m hoping for a big bounce for you!
Expiration Plus One Trade
#spxcampaign #shortcalls #shortputs
$SPX 3/3 2140/2165 BUPS
$SPX 3/3 2180/2205 BUPS
$UVXY 3/3 23 Calls
$SVXY 3/3 120 puts
$CBI 3/3 32 puts (Earnings trade)
One Trade
$CRM STO 3/17 81.50/82.50 BUPS
Thank you to all contributors. Have a nice weekend. Cold in NYC area and Global Winding
YM Trade Today
9:00am Enter YM Short at 21000, as indexes move lower..fading the up open
10:00am Exit my short trade at 20950, as price retest the S1 Pivot 2nd time and makes a new low..This proves to be the LOD, as well as establishes support at the S1 Pivot..market relatively flat rest of day along Fib levels.
Gain @ 50 pts
#OptionsExpiration For March 3 Only…
#OptionsExpiration
For March 3
Only 2 today:
$CAT 03/03/2017 87 puts (covered)
$SVXY 03/03/2017 80.00 puts
No assignments.
Options Expiration 3/3/17
#OptionsExpiration #VXXGame #shortcalls
only one this week:
UVXY 26 calls
SPX trades today
#SPXcampaign
#ITMrolls
Bought to close SPX March 10th 2360/2385 call spreads for 15.00
Sold to Open SPX March 24th 2370/2395 call spreads for 13.65
Bought to close SPX March 10th 2330/2355 call spreads for 23.00
Sold to Open SPXPM March 17th 2340/2365 call spreads for 20.00
I will add some additional smaller spreads on Monday to make up for the debits.
Also closed: SPX March 8th 2395/2420 call spreads for 1.50. Sold for 8.60 on Wednesday. This one is quite profitable in two days, but is exactly the type of spread that will go right back to even if we rally next week. 1.50 is much easier to roll than 8.50.
Finally,
BTC SPX March 16th 2255/2230 put spreads for .20. Sold for 1.45 on Feb 17th.
BTC SPX March 10th 2320/2295 put spreads for .20. Sold as part of #CondorRoll for 3.90 on Feb 22nd.
#OptionsExpiration #Weeklys #Mar03 – it…
#OptionsExpiration #Weeklys #Mar03 – it was almost all volatility plays for this week, as $SVXY and $UVXY did what was needed to allow every position to expire worthless.
$GDX and $NUGT showed extraordinary weakness despite only a modest pullback in #GOLD. I’m reestablishing a long position on some put assignments and will begin selling covered calls on Monday at strike prices above my cost.
— Expirations —
CVS (Weekly) Mar 3 2017 83 Calls
SVXY (Weekly) Mar 3 2017 80 Puts
SVXY (Weekly) Mar 3 2017 85 Puts(Weekly) Mar 3 2017
SVXY (Weekly) Mar 3 2017 94.5 Puts
SVXY (Weekly) Mar 3 2017 95 Puts
SVXY (Weekly) Mar 3 2017 96 Puts
SVXY (Weekly) Mar 3 2017 96.5 Puts
SVXY (Weekly) Mar 3 2017 97 Puts
SVXY (Weekly) Mar 3 2017 97.5 Puts
SVXY (Weekly) Mar 3 2017 98 Puts
SVXY (Weekly) Mar 3 2017 98.5 Puts
SVXY (Weekly) Mar 3 2017 99 Puts
SVXY (Weekly) Mar 3 2017 104 Puts
SVXY (Weekly) Mar 3 2017 108 Puts
UVXY (Weekly) Mar 3 2017 23 Calls (Covered)
UVXY (Weekly) Mar 3 2017 23.5 Calls (Covered)
UVXY (Weekly) Mar 3 2017 24 Calls (Covered)
UVXY (Weekly) Mar 3 2017 24.5 Calls (Covered)
UVXY (Weekly) Mar 3 2017 25 Calls
UVXY (Weekly) Mar 3 2017 27 Calls
UVXY (Weekly) Mar 3 2017 27.5 Calls
UVXY (Weekly) Mar 3 2017 31 Calls
UVXY (Weekly) Mar 3 2017 50 Calls
UVXY (Weekly) Mar 3 2017 60 Calls
— Assignments —
NUGT (Weekly) Mar 3 2017 10 Puts
NUGT (Weekly) Mar 3 2017 9.5 Puts
OptionsExpiration
$SVXY $70 puts
$SVXY $105 puts
$UVXY $23 calls
$UVXY $26 calls
$UVXY $28 calls
$UVXY $30 calls
$UVXY $35 calls
$UVXY $55 calls
$UVXY $60 calls
Was a pretty good week. Have a great weekend everyone.
PANW roll
#Earnings #ShortPuts #Rolling
BTC $PANW March 3rd for 19.70
STO $PANW April 21st 135 put for 20.00
A non-dynamic roll. Will sell some calls against this when it rallies.
$VIX – the VIX index…
$VIX – the VIX index dipped under 11 again today. Typically it doesn’t stay this low for very long.
The coming rate hike could be the catalyst for more volatility.
#OptionsExpiration I have one for…
#OptionsExpiration
I have one for this Friday.
$SVXY March 03rd 100 Put to expire.
Have a great weekend all.
Afternoon. Late getting started.
#ShortPuts
$SVXY Sold to open March 31st 110 P @ 2.35.
$SVXY Sold to open April 21st 95 Put @2.17
Expirations
I have no expirations and will have to wait until March 17 so I am going to the gym. Bon weekend to everyone.
$NUGT #ShortPuts #CheapTrades in an…
$NUGT #ShortPuts #CheapTrades in an IRA with a decent return on #Cash with the stock at 8.10
Sold 1 NUGT Jan 19 2018 4.6 Put @ 1.22
Sold 1 NUGT Jan 19 2018 4.4 Put @ 1.11
$KR #FallingKnife – typically this…
$KR #FallingKnife – typically this is a low volatility stock
AAPL
BTC March 17, 130 puts @.09 cents. Sold @2.20
TLT roll
#PerpetualRollingStrangles – Hoping for a bigger bounce in this thing but not really following through. Take what I can get…
Rolled 119.5 puts to next week’s 119.5 puts @ .48 credit. Just for fun here’s my current positions in this experiment:
(4) March 10th 119.5 puts
(4) March 10th 120 calls
(3) March 17th 120 calls
(3) March 17th 121 calls
(6) June 16th 132 puts
This results in a long delta position of 527 but if you remove the DITM June puts it’s a -34 delta. While waiting for TLT to recover I’m able to roll the DITM June puts out 3 months and down one strike for about even. Can continue doing that forever while trading aggressively underneath it. Overall working pretty good in spite of starting this just prior to the implosion.
Total premium received since the beginning (October 2016) : 81.53 points
Decent return on 6300 margin and what was a one third size position for the first 3 months of the experiment.
$URI
Karen Finerman doubled down on her short $URI. My way of following along.
STO $URI Mar 17 $135 calls @ $1.30
EWW
#ShortStrangles – Kinda screwed this one up…forgot I had this order in and it filled on the spike at the open.
Sold EWW APR 21 2017 43.0/48.0 Strangles @ 1.15
Because of that I’m closing the current one a little sooner than I intended strictly for position size and risk management. Still a nice profit so I’m not gonna complain (too much). 🙂
Bought to Close EWW MAR 17 2017 43.0/48.0 Strangles @ .67 (sold for 1.40)
SVXY
#IRA #ShortPuts – Bought to Close SVXY MAR 17 2017 80.0 Put @ .10 (sold for 2.20)
SPX puts closed
#SPXcampaign Bought to close $SPX March 8th 2320/2295 put spreads for .15. Sold for 2.30 on Feb 22nd.
VIX plunges again this morning, even with market showing some weakness.
$DUST #ShortCalls – Added to…
$DUST #ShortCalls – Added to positions. Couldn’t resist. Of course the last time I said that with NUGT a year ago I got crushed. So I’m staying as small as possible.
All are the highest available strike prices with the stock at 37.27, unchanged from the close.
Sold 1 DUST Apr 21 2017 53.0 Call @ 2.35
Sold 1 DUST Jun 16 2017 65.0 Call @ 4.40
Sold 1 DUST Jan 19 2018 90.0 Call @ 7.20
Edit: It seems I was a bit early ….
Futures
@fibwizard are you still using the ST_Launchpad. I’m getting ready to go buy it if you still think this is a valuable indicator to use.
VIX Indicator and SPX Chart have been updated
VIX was up with a huge up day on Wednesday. Then, today was the biggest down day in a month for SPX, and VIX was down too. It is bizarro world.
Invert the SPX chart, and yesterday’s spike down looks like capitulation selling. Could we have seen capitulation buying? Was that all of the shorts finally throwing in the towel, thus marking a top?
$NUGT #ShortPuts – Sold a…
$NUGT #ShortPuts – Sold a couple of put positions late in the day with the stock at 8.25.
Lowest available strikes.
Sold NUGT Mar 24 2017 7.0 Puts @ 0.37
Sold NUGT Mar 31 2017 8.0 Puts @ 0.92
#ShortPuts
#shortputs
$SVXY STO 4/21 95 put @ 2.80
$SVXY STO 4/13 85 Put @ 1.30 Thank you @jsd501
$CBI #Short Put Bought to…
$CBI #Short Put Bought to close March 3rd 32 Puts @ .05. Originally sold at 0.45. Thanks guys for this earnings trade.
SVXY
STO April 13, 85 puts @1.30
Rolled GLD
#PerpetualRollingStrangles – No time value left in these so rolling and collecting additional premium.
Rolled this week’s 120.5/113 inverted strangles out two weeks for .54 credit.
Position is now March 17 monthly 120.5/113.0 inverted @ 6.05 credit.
$UVXY #Short Calls #ContangoETFs Sold…
$UVXY #Short Calls #ContangoETFs Sold to open March 17th 33 Calls at 0.36 when $UVXY was at 21.51. This replaced the March 3rd calls I took off.
SPX trades
#SPXcampaign STOPPED: Bought to close $SPXPM March 17th 2420/2445 call spreads for 4.25. Sold as part of a #CondorRoll for 4.20 on Feb 23rd. Will roll once I see the next strong move up or down.
Sold to Open $SPX March 31st 2285/2260 put spreads for 1.35, with SPX at 2388.
$UVXY #Short Calls. BTC March…
$UVXY #Short Calls. BTC March 03rd 27 Calls @ 0.03. Decided to not wait until OpEx for the pennies.
Options Bistro 