#optionsexpiration #earnings
$EXPE 126/146 Strangle for earnings Thank you @jeffcp66
$PEP 112/115/118/115 IB Earnings Loss of $20 per contract
$SVXY 70 put
$SVXY 115 put
$UVXY 24.50 call
$UVXY 23 call
#spxcampaign
Closed Early
$SPX BTC 4/28 2405/2380 BECS @ 3.50 STO @ 3.60
Have a great weekend everyone. Weather warming up on the East Coast. Golf!
$LB ShortPuts #FallingKnife – today I covered a short May 50.0 Put at a point that I originally sold for 1.20.
Despite the fact that it is out of the money 2 points with 3 weeks to go, in early April the stock collapsed to 43.04 before gaining it all back recently.
I decided I don’t need added the risk on this name because I am still short Aug 45 and 42.5 Puts and Nov 32.5 Puts that are nicely profitable.
One of my unwritten rules is if a Put that I sold for 1.20 gets up to 7 or 8 dollars and then gives me a chance to get out ahead, I take it, and don’t look back.
I would have taken the stock if it had stayed down. The current move shows why that would have worked too.
#OptionsExpiration for 4/28
A light week.
$SVXY 04/28/2017 90 puts
$UVXY 04/28/2017 35 calls
$UVXY 04/28/2017 39 calls
No assignments.
Have a great weekend everyone.
I have two Expiring
$SVXY
April 28th 115 Put
April 28th 102 Put
Have a great weekend all. See you back here Monday.
Lots of positions rolling off.
SVXY $80 puts
SVXY $85 puts
SVXY $87 puts
SVXY $90 puts
UVXY $28 calls
UVXY $31 calls
UVXY $33.5 calls
UVXY $35 calls
UVXY $37 calls
UVXY $39 calls
Great week to sit back and watch delta and theta work. Early this week I closed all of my next week UVXY calls for pennies. So just waiting and watching to put money to work.
#OptionsExpiration #Weeklys #Apr28 – A pretty nice week with a bunch of #Volatility trades ($SVXY $UVXY) rolling off.
Another set of $DUST Puts expired as I continue to reduce my exposure in those.
Only one assignment this week.
— Expirations —
DUST (Weekly) Apr 28 2017 23.5 Puts
NUGT (Weekly) Apr 28 2017 7 Puts
NUGT (Weekly) Apr 28 2017 7.5 Puts
NUGT (Weekly) Apr 28 2017 10 Calls (Covered)
NUGT (Weekly) Apr 28 2017 11.5 Calls (Covered)
NUGT (Weekly) Apr 28 2017 13 Calls (Covered)
NUGT (Weekly) Apr 28 2017 14 Calls
SVXY (Weekly) Apr 28 2017 70 Puts
SVXY (Weekly) Apr 28 2017 75 Puts
SVXY (Weekly) Apr 28 2017 80 Puts
SVXY (Weekly) Apr 28 2017 85 Puts
SVXY (Weekly) Apr 28 2017 87 Puts
SVXY (Weekly) Apr 28 2017 88 Puts
SVXY (Weekly) Apr 28 2017 89 Puts
SVXY (Weekly) Apr 28 2017 90 Puts
SVXY (Weekly) Apr 28 2017 91 Puts
SVXY (Weekly) Apr 28 2017 94 Puts
SVXY (Weekly) Apr 28 2017 96 Puts
SVXY (Weekly) Apr 28 2017 98 Puts
SVXY (Weekly) Apr 28 2017 105 Puts
SVXY (Weekly) Apr 28 2017 107 Puts
SVXY (Weekly) Apr 28 2017 150 Calls – Part of a strangle trade
UVXY (Weekly) Apr 28 2017 22.5 Calls (Covered)
UVXY (Weekly) Apr 28 2017 23 Calls (Covered)
UVXY (Weekly) Apr 28 2017 24 Calls (Covered)
UVXY (Weekly) Apr 28 2017 31 Calls
UVXY (Weekly) Apr 28 2017 32 Calls
UVXY (Weekly) Apr 28 2017 33 Calls
UVXY (Weekly) Apr 28 2017 34 Calls
UVXY (Weekly) Apr 28 2017 35 Calls
UVXY (Weekly) Apr 28 2017 39 Calls
— Assignments —
NUGT (Weekly) Apr 28 2017 9 Puts – a new long position
#OptionsExpiration #Earnings #ShortStrangles #CoveredCalls #IronButterfly
— Expired —
EXPE 126/146 strangles
PANW 117 covered call
SRPT 31.5 puts
— Assignment —
PEP 115 puts
SVXY
75 puts
80 puts
85puts
105 puts
#SPXcampaign Sold to Open $SPX May 26th 2435/2460 call spreads for 1.65.
$DUST #shortcalls
It looks like one batch of Apr 28 $30 calls will be called away.
Another batch of Apr 28 $33 calls will expire. Whew, they had a 0.13 delta looking safe when sold, but DUST was trading over $34 yesterday and today, causing worry and shifting securities between accounts. I am ready for yard work this weekend to relax.
#ironcondor AMZN
Sold June 16 850/860/990/1000 for 2.35
STO June 16, 30 puts @1.70, this is a speculation for me on this company. I got the idea over on SMM.
#earnings This week I had trades on BIDU,EXPE,SRPT, SBUX and CMG, all expiring May 19, I’m successfully out of 4, SBUX gamble has not worked, small loss. Other than SRPT which was a strangle, the others were #ironcondors. We know there is usually more premium going out further but often don’t get the volatility crush, but have more time for adjustment if it’s needed. I essentially followed Jeff’s trades, tweaking them for my margin needs. Tried for a strangle on X, fortunately wasn’t filled, and an IC on FFIV that wasn’t filled, would be a maybe.
$DUST #ShortPuts #Rolldown #IRA – while I was hoping that these would expire, I instead rolled them out a couple of weeks and moved the strike price down 4 points with the stock at 31.68.
Bought to close DUST Apr 28 2017 32.0 Puts @ 0.44 – Originally sold at 5.22
Sold DUST May 12 2017 28.0 Puts @ 0.84.
A 0.40 credit on the trade, and these come due the same time as my NUGT May 12 2017 8.0 Puts.
One of the trades will certainly work, maybe both.
#SPXcampaign Jeff when you trade a #RiskReversal do you still use the same number of contracts as when placing normal spreads? Is the reason for using a 20×25 spread to achieve the correct cover? Hope I have not confused you.
I tried to comment straight on to your post but it came back as needing approval?
#short puts
STO 3 may 19 76 puts at 0.97. I am long TSO and have cc on it at 83 in 2 weeks but am trying to increase returns.
#Earnings #CoveredCalls #Rolling
This will extend my 15-month earnings trade even longer. I’m left with only 100 shares from the trade that started in Jan 2016 and finally became profitable in December.
BTC $FB Apr 28th 145 covered call for 4.95
STO $FB May 12th 147 covered call for 5.25
I gained .30 on the roll, and an extra $200 if I am called away after earnings. I may keep this position as an exercise in rolling covered calls. I plan to initiate new earnings trades next week when it reports on Wednesday.
#Earnings BTC $ANTM 170/175 call spreads for 4.89. These were set to expire, costing me 5.00, but I put in an order for 4.90 just in case I got a fill… saved 11 cents! Unless, of course, it closes below 174.89, in which case I’m not so lucky.
#shortcalls
$CMG BTC 4/28 425 call @ 53.06
$CMG STO 5/5 445 call @ 33.80
IF $CMG continues down next week I will try to close the 5/5 call. Stuff not liquid. I was going to close the 4/28 for the whole enchilada loss but there was no volume. I put this roll order in and was filled almost immediately. Makes me feel I did something bad. ;-{
Have a rare moment at lunch and looking at potential trades. Seems like the vol dried up after the earnings yesterday. Best thing I can find to do at the moment is set up put selling or jade lizard ladders on individual names. Starting 21 or 28 DTE add a new position each week. 3 I am looking at are TSO, WDC, GILD and possibly EXPE. Seem to have the best bang for the buck over the next few weeks as the premiums are still high, about $1 for delta 30 options. VIX is too low for /ES strangles.
#VIXIndicator #Markets
I’ve created a chart to compare the performance of Upside Warnings with the correction that precedes it. The bigger the correction, the bigger the subsequent rally in the SPX. This is no surprise, but I wanted to see how it charted from all Upside Warnings since 1999. The mini-correction we just had was exactly 3.00%, which is tied for smallest with one in 2013. So the move up we should expect now is relatively minor. The first bar on the chart is that 2013 example… SPX increased 3.44% from the close of the Upside Warning day to the next SPX high. A 3.44% move this time would be a high of 2469.58.
Let me know if you have questions!
(note the only time there was a negative performance were the days leading up to 9/11/2001)
#SPXcampaign I remain bullish based on VIX Indicator Upside signal. Since it is taking its time going higher, I am placing another #RiskReversal which overlaps with my current one expiring May 5th.
Bought to Open $SPX May 12th 2410/2430 call spreads for 3.00
Sold to Open $SPX May 12th 2355/2330 put spreads for 2.90
My other May 5th R/R may expire worthless which will be a small gain since I sold the put spread for more than I paid for the call spread. If we get a surge next week, both R/R’s will profit.
Closed Early
#spxcampaign
$SPX 5/5 BTC 2455/2430 @.30 79% profit
#longcalls #earningstrade
$SRPT STC 4/28 35 Calls @ 3.00 BTO 4/26 @ 2.30
#shortputs
$AMZN STO 5/5 930 Put @ 7.10
$ULTA STO 5/19 270/275 BUPS @ 1.00 #earnings
#spxcampaign
$SPX STO 5/26 2275/2300 BUPS @ 1.45 Thank you @jeffcp66
#longcalls
$NFLX BTO 6/16 150 call 6.40 Expect stock to appreciate as result of $BIDU deal
#SPXcampaign Jeff Followed you in my humble way. Sold May 19th 2300/2280 Put spread at 0.85.
STO May 5 $960/$965 call spreads @ $0.79
#Earnings
BTC $AMZN 920/950 call spreads for 22.00. Sold yesterday for 24.15 (as #IronButterfly)
BTC $SRPT 38.5 calls for .80. Sold yesterday for 1.75 (as 31.5/38.5 strangles).
$FFIV, order in to close 126 puts for .10 (sold as 126/146 strangles for 1.00)
$EXPE 126/146 strangles sold for 1.05… allowing to expire
$PEP 112/115/118 iron butterflys sold for 1.85; early-assigned some stock at 115; going to take assignment on the rest and own stock with 113.15 cost basis.
$ANTM 165/170/175 IB sold for 3.50; the loser for the week. Will allow execution for 5.00, so 1.50 loss.
$DPZ May 19th 165 puts. Order in to close for .05.
All this plus the CMG win… only one loss and one assignment so a very good week!
#vol crush
Thanks to volatility crush on WDC get to close out next 3 weeks of WDC puts at the 75 and 77.5 level for 0.06 and 0.13 and 0.14 3 weeks early. Originally sold for 1.10-1.25.
Too many patients to trade at the moment but maybe at lunch will be able to find a trade to re-deploy capital.
Anyone have good put selling ideas today? Or a jade lizard?
$SVXY #ShortCalls #Rollup – a 2nd roll on this position.
Bought to close SVXY Apr 28 2017 137.50 Calls/ Sold SVXY Jun 2 2017 146 Calls @ 0.52 Credit.
Originally rolled Mar 17 2017 125.0 Calls up to these 137.50 Calls for a 0.20 credit.
At the time the strike was above the alltime high in SVXY.
The new strike is right at the current alltime high. Maybe this one will work.
On the plus side I have 27 short SVXY puts expiring today. So It’s not all bad.
#SPXcampaign Sold to Open $SPX May 26th 2300/2275 put spreads for 1.40.
$AMZN #CoveredCall
Sold $AMZN Jun 16 1020 call @ 5.50
#SPXcampaign
Jeff, Noticed you still have $SPX May 1st 2390/2415 open! Is the plan to hold or close out today and roll? I was just curious as I closed yesterday for 4.70.
8:30am EST Advance GDP q/q1.3%
8:30am EST Advance GDP Price Index q/q2.0%
8:30am EST Employment Cost Index q/q0.6%
9:45am EST Chicago PMI56.9
10:00am EST Revised UoM Consumer Sentiment98.1
10:00am EST Revised UoM Inflation Expectations
1:15pm EST FOMC Member Brainard Speaks
2:30pm EST FOMC Member Harker Speaks
Earnings before Open
AGCO Corp. (AGCO) – consensus EPS -$0.17
Ardent Mines Limited (ADNT) – consensus EPS $2.39
Autoliv (ALV) – consensus EPS $1.55
Chevron (CVX) – consensus EPS $0.92
Colgate-Palmolive (CL) – consensus EPS $0.66
ExxonMobil (XOM) – consensus EPS $0.87
General Motors (GM) – consensus EPS $1.46
Goodyear Tire (GT) – consensus EPS $0.63
Host Hotels & Resorts (HST) – consensus EPS $0.15
Phillips 66 (PSX) – consensus EPS $0.13
Royal Caribbean Cruises (RCL) – consensus EPS $0.92
Sanofi (SNY) – consensus EPS N/A
Spirit Airlines (SAVE) – consensus EPS $0.49
V.F. Corp. (VFC) – consensus EPS $0.55
Earnings After Markets Close
Itaú CorpBanca (ITCB) – consensus EPS $0.13
Options Bistro 