$SVXY STO Apr13 $120 put for $0.80, expires tomorrow with stock at $123.50
Daily Archives: Wednesday, April 12, 2017
$DUST #shortcalls Yesterday I sold…
$DUST #shortcalls
Yesterday I sold an April 21 $28 call for $1, today I bought to close for $0.35
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT Sep 15 2017 18.0 Calls @ 1.29. Highest strike.
$DUST #ShortPuts #Rollout – going…
$DUST #ShortPuts #Rollout – going out a few weeks and down a couple 0f strike prices.
Bought to close DUST APR 13 2017 29.0 Puts/Sold DUST MAY 5 2017 27.0 Puts for 0.20 Credit
Last week at this time it looked liked this week’s puts had a chance of expiring.
SPX call spreads closed
#SPXcampaign
Bought to close $SPX Apr 28th 2440/2465 call spreads for .20. Sold in a #CondorRoll for 2.75 on March 21st.
Bought to close $SPX Apr 13th 2370/2395 call spreads for .20. Sold for 9.30 on March 31st. Nice one. That was the 14th time I rolled that trade. Finally done.
The VIX is finally high…
The VIX is finally high enough it may be worth looking at some /es strangles. Small size, only one contract for every $6000 so you can cover or hedge it if there is an extended move. Looking at the May 17, 44 days to expiration. 2125 put/2445 call brings in about $420 per one lot. Could probably close in 2-3 weeks at a 50% profit or even sooner if the VIX crushes back down.
First need to free up some cash by closing out some WDC Jade lizards at the 75/90/92.5 strikes but hoping to get a few more days of theta decay before closing. They are only about 25% profitable and if I wait another week I should be able to close at 50%. Today is helping, there was finally a reversal. Some days it is better to be lucky than good, I was starting to have to worry about adjusting the short 90 calls.
#Market Different marker affects today…
#Market
Different market affects today with respect to volatility. Spot $VIX and $VVIX took an additional step higher today, but $VXX, $UVXY, $SVXY really not responding. Saw a similar thing after Brexit, implies to me that there are traders selling volatility today.
according to stocktwits-The VIX is…
according to stocktwits-The VIX is now up 12% year-to-date. That’s the second biggest YTD move since 2008: https://stocktwits.com/schaeffers/message/80027913?utm_medium=community-twitter&utm_source=twitter.com&utm_campaign=outboundteam …
SVXY
STO June 64 put @1.23
STO May 19, 75 put @1.35
$TSLA – Dan Fitzpatrick on…
$TSLA – Dan Fitzpatrick on OMM finally posts a trade I agree with
Sell TSLA May 2017 $320/$330 Bear Call Spread for $2.80 or better when TSLA was trading at 303.88. Stop: 318 Stock Above (Stop at 318 )
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY May 5 2017 90.0 Puts @ 1.54 with the stock at 123.
Assignment would be below the 2017 low on the stock.
TSCO #FallingKnife Sold $TSCO Oct…
TSCO #FallingKnife
Sold $TSCO Oct 20 55 puts @ 1.00 with the stock at 66.22, down 6% this morning on a warning of a Q1 revenue and earnings miss.
$NUGT #CoveredCalls #OptionLadder – partially…
$NUGT #CoveredCalls #OptionLadder – partially covered with long stock, with a few short puts thrown in. All with the stock at 11.
Sold NUGT MAY 5 2017 13.5 Calls @ 0.37
Sold NUGT MAY 12 2017 14.0 Calls @ 0.43
Sold NUGT MAY 19 2017 15.0 Calls @ 0.40
Sold NUGT MAY 26 2017 15.5 Calls @ 0.43
Sold NUGT JUN 16 2017 16.0 Calls @ 0.64
Sold NUGT SEP 15 2017 18.0 Calls @ 1.25
$UVXY
STO May 5 $40 calls @ $0.70
STO May 12 $40 calls @ $1.24
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY May 12 2017 65.0 Puts @ 0.53 with the stock at 122.70. This is a gift!
$VXX #ShortCalls – Sold VXX…
$VXX #ShortCalls – Sold VXX May 12 2017 30.0 Calls @ 0.24. VXX is half as volatile as UVXY.
Highest strike.
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold UVXY May 5 2017 40.0 Calls @ 0.75. New Highest strike.
Strike 40’s are now available for all weekly expirations.
UVXY new highest strike in May 12
Sold $UVXY May 12 40 calls @ 1.35
$UVXY #ShortCalls #ClassicVXXGame – Sold…
$UVXY #ShortCalls #ClassicVXXGame – Sold 1 UVXY JAN 18 2019 60.0 Call @ 7.30