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Monthly Archives: May 2017
Expiration
#optionsexpiration
$SPX 2425/2445 BUCS Total Loss
$SPX 2395/2420 BUPS Small Loss
PANW patience
#Earnings #Rolling #CoveredCalls #StockTrades
Relieved to see a big spike UP in this one, reverse of last quarter’s spike down. This should pay off holding the underwater position for three months. (sorry, @fuzzballl)
SPX ITM roll
#SPXcampaign #ITMroll Rolling the call spread from the #IBroll I made on May 22nd.
Bought to close $SPX June 7th 2390/2415 call spreads for 17.90. This half sold for 12.15 on May 22.
Sold to Open $SPX June 14th 2395/2420 call spreads for 15.80.
To make up for the debit on the roll, I added another call spread, since I am too heavy in put spreads at the moment and it seems as if upside momentum is waning.
Sold to Open SPX June 16th (Friday PM) 2445/2470 call spreads for 2.35.
$SPX #spxcampaign $SVXY #shortputs Afternoon….
$SPX #spxcampaign $SVXY #shortputs Afternoon. Popping in to see what the damage is near the close. Sold to open June 30th 115 Put @ 2.12 when SVXY was at 152.92. Turned my SPX BuPS trade from yesterday into an iron condor: Sold the June 30th 2480/2500 Call spread @ 0.60 when SPX was at 2411. Have a great rest of the day where ever you are.
PANW
#Earnings – Taking a seat at the blackjack table. Strictly gambling here…
113/118/123 iron fly @ 4.30. Only risking 70 but needing about half of expected move. Low probability but low risk.
Setting up IWM in July
Sold $IWM Jul 21 130/140 strangle @ 1.43. Bearish bias with IWM at 136.41.
SVXY
#ShortPuts #IRA – Sold SVXY SEP 15 2017 85.0 Put @ 2.30
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY JUN 16 2017 89.0 Puts @ 0.40
$SVXY #ShortPuts – Sold 1…
$SVXY #ShortPuts – Sold 1 SVXY AUG 18 2017 75.0 Put @ 1.20. My first position in this expiration cycle.
SVXY
STO June 23, 85 puts @.50
STO June 30, 85 puts @ .65
$SVXY #ShortPuts – With the…
$SVXY #ShortPuts – With the stock around 151 I’m selling the following:
Sold SVXY Jun 16 2017 90.0 Puts @ 0.41
Sold SVXY Jun 23 2017 85.0 Puts @ 0.50
Sold SVXY Jun 23 2017 80.0 Puts @ 0.39
Sold SVXY Jun 23 2017 75.0 Puts @ 0.30.
I will be adding aggressively if I get the chance
SVXY
Sold 1 August 18, 90 put @2.25
SVXY
STO August 85 puts @ 1.80
GS
LongCallDiagonals – Cleaning up the bull put spreads from a bigger position closed long ago. Can now officially put the 40 points in the win column. If she sells off back to the 180ish area I’ll look to get in again.
Bought to Close GS JAN 19 2018 130.0/100.0 Bull put spreads @ .50
JPM
#LongCallDiagonals – Killing time lowering basis. Getting more aggressive with front month after breaking support…
Bought to Close JPM JUN 2 2017 86.0 Calls @ .01 (sold for .60)
Sold JPM JUN 16 2017 83.5 Calls @ .75
SVXY Sale
#vxxgame
$SVXY STO 6/16/120 put @ 1.45 Thank you @jdietz1954
SPX calls sold
#SPXcampaign Spent the morning until now trying to coax a good fill for the 2465/2490 spread, but managed to miss every chance. Finally threw in the towel to get a position on.
Sold to Open $SPX June 30th 2460/2485 for 1.75, with SPX at 2407.
SVXY
STO August 21, 80 puts @1.40, staying small but have a lot of exposure running off this month.
PANW covered calls
#Earnings #CoveredCalls I am long stock from a busted earnings trade last quarter. I also have:
June 16th 110 put
June 16th 130 put (ITM)
June 23rd 110 put
I previously sold the June 16th 130 call for 1.80, and added these today:
June 2nd 130 call for 1.20
June 16th 135 call for 1.00
July 21st 135 call for 1.50
$DUST #ShortPuts – Bought to…
$DUST #ShortPuts – Bought to close DUST JUN 16 2017 19.0 Puts @ 0.05. They won’t trade any lower.
Originally sold on 02/23/2017 at 2.55
CIEN earnings
#Earnings #LongStraddle
Bought $CIEN June 2nd 23.5 calls for 1.05. Order in to buy June 2nd 23.5 puts for .90. Biggest UP move: 18.4%, Biggest DOWN move: -18.0%, Average move: 9.8%. This trade will need an 8-9% move to break even.
rolled Aug 17 /CL 57…
rolled Aug 17 /CL 57 calls down to 55 to take some profits and bring in more cash on the down move in oil.
NVDA mgt & earnings today
#Earnings BTC $NVDA June 16th 125 puts for .24. Sold for 2.50 on May 17th.
Looking at some covered calls for PANW going into earnings tonight.
Also a long straddle in CIEN, since it averages a 10% move on earnings.
STO Jun 30 TSO 81 put at 1.02.
There is a reason I do not trade directionally. As I was getting ready for work, /CL hit bottom and I would have shorted at the lows if I had not been busy.
Non directional or only slightly directional trading is where I need to stay. Does anyone have a monkey or dog we can train to bite my arm when I start thinking about directional trades?!
BTC Sep 15 SVXY 100…
BTC Sep 15 SVXY 100 call at 3.75. Sold for 6.4 but this was off a roll so after commissions made about $20 round trip. Mostly doing this to free up some margin for trades tomorrow.
/CL strangles
There is a long term elliott wave support level at 48.6. If it looks like it is punching through there with some momemtum I will short 4 /CL futures to gain an extra pop on the way down. Next support levels are 47.41 and 46.8 as lesser levels then another strong level at 45.73.
The strangle is at 41.5 and 57 so there is plenty of room on ether side but sometimes taking a directional trade can improve ROI.
Won’t do that unless 48.4 does nit hold, support from the over night session.
SPX Chart and VIX Indicator…
SPX Chart and VIX Indicator are updated
$SVXY #ShortPuts Filled (or at…
$SVXY #ShortPuts
Filled (or at least notified) after the close June 16th 120 Put @ 1.30.
SPX trades
#SPXcampaign Sold some extra spreads. These each offset existing spreads in the same expiration to create iron condors:
Sold $SPX June 9th 2390/2365 put spreads for 2.25
Sold $SPX June 14th 2440/2465 call spreads for 2.90
#OptionsExpiration
Expiring today is the May 30th 2420/2395 put spread. With a close at 2414, the 2420 put will exercise for 6.00, which will debit from my account overnight. This spread was sold for 9.25 last Thursday, so approximately 3.25 profit.
$SWN #ShortPuts #FallingKnife – Sold…
$SWN #ShortPuts #FallingKnife – Sold SWN SEP 15 2017 6.0 Puts @ 0.53 with the stock at 6.40
#SPXcampaign Sold to Open $SPX…
#SPXcampaign
Sold to Open $SPX June 30th 2310/2285 put spreads for 1.35, with SPX at 2412.
Sold to Open $SPX June 30th 2470/2495 call spreads for 1.40, with SPX at 2415.
#Rollup
BTC $SPX June 14th 2430/2455 call spreads for 4.85 Sold for 3.75 May 24th. Rolled to June 21st 2435/2460 for 5.35
$ESV #ShortPuts #FallingKnife – Sold…
$ESV #ShortPuts #FallingKnife – Sold ESV Dec 15 2017 6.0 Puts @ 0.85
$MRO #ShortPuts #FallingKnife – Sold…
$MRO #ShortPuts #FallingKnife – Sold MRO OCT 20 2017 11.0 Puts @ 0.48
$NFLX #ShortPuts – Bought to…
$NFLX #ShortPuts – Bought to close 1 NFLX JUN 16 2017 130.0 Put @ 0.01. It won’t trade any lower.
Originally sold on 01/25/17 @ 6.95
#butterfly SVXY Followed from TT…
#butterfly SVXY
Followed from TT sold July 21 call butterfly 150/155/155/165 for 1.85, profitable below 162, risk 332 to make 693
SVXY
STO August 18, 95 put, 1@ 2.38 in my IRA.
/CL strangle
#Futures #ShortStrangles – Following hcgdavis into the oil fields…
SOLD /CL AUG 17 45/55 STRANGLE @ .83
Lunch time trades.
STO 6/23 TSO 81 puts at 1.04. Setting up 3-4 week ladder. This stock keeps its premiums about 1-4 weeks out when vol is low in overall market.
STO 7/7 WDC 84 puts at 0.97 adding a week to the ladder, this thing is in booster phase so following it up.
STO IRA 6/17 SXVY 130 puts at 1.22 following below with a slight tweak.
My /CL trade from late last week decayed $400 over the weekend. Will keep open another week or so then start managing. When the next series gets to 60 DTE will add another strangle.
$SVXY
Sold to open June 23rd 115 Put @ 1.50 when $SVXY was at 152.52
AMZN reaches 1,000
Thought I’d look up and post the prices of the big ones if they had NEVER split:
AMZN, 3 splits, unadjusted price today: 12,000
GOOGL, 1 split, unadjusted price today: 1,990
AAPL, 4 splits, unadjusted price today: 8,568
NFLX, 2 splits, unadjusted price today: 2,296
XOM, 5 splits, unadjusted price today: 2,592
MSFT: 9 splits, unadjusted price today: 20,160
PCLN, TSLA, FB, no splits
SPX puts sold
#SPXcampaign Sold to Open $SPX June 30th 2310/2285 put spreads for 1.35, with SPX at 2412.
#FallingKnife candidates today – $HP…
#FallingKnife candidates today – $HP $ESV $PRGO $DO $ALXN
Econ Calendar for week of 5/29/17
JOBS report is on Friday
Notable Earnings After the Close,…
Notable Earnings After the Close, Monday or Before the Open on Tuesday:
BNS, CLDX, PRGO
Notable Earnings After the Close, Tuesday or Before the Open on Wednesday:
ADI, CAE, JILL, KORS, VRA
Notable Earnings After the Close, Wednesday or Before the Open on Thursday:
BOX, HPE, OLLI, PANW, SMTC
Notable Earnings After the Close, Thursday or Before the Open on Friday:
AVGO, COO, FIVE, GOOS, GWRE, HOV, LULU, RH, VMW, WDAY, ZUMZ
Earnings before Open
FRONTLINE LTD (FRO) – consensus EPS 0.12
NYX GAMING GRP (NYX) – consensus EPS -0.01
Earnings After Markets Close
DANAOS CORP (DAC) – consensus EPS 0.18
QUANEX BLDG PRD (NX) – consensus EPS 0.06
ETH (Ethereum)
When it’s a long weekend with nothing else to trade…LOL
#Cryptocurrency – BitCoin is getting a little pricey so taking the next best thing…starter position:
Bought 1 ETH (Ethereum coin) @ 160.0
Just something fun to watch. This could be at 5000 or 5 in a day…currently trading for 195. Rumor is AMZN may start accepting these and it appears MSFT JPM INTC and some others are on board.
🙂 🙂
Memorial Day..
A small Tribute to those who served…and those who gave and Sacrificed..if you did, I thank you for your Service…
With the way most of…
With the way most of you trade svxy and uvxy, it made me think about some of the other 2-3 x ETFs so I took a look. Some of the bid-ask spreads are wide so you would have to work orders but it looks like TQQQ, TNA, FAS, ERX, UPRO, and SSO have decent premium. 1 month out all have 1.00 or more premium for delta 30 options and some have decent weekly premium.
As with SVXY they would probably be better to trade after a down move and the first 3 have better volume.
Hope everyone is having a good long weekend!
Expirations Closed Earlies and One Trade
#optionsexpiration #spxcampaign
$SPX 2390/410 BUPS
$SPX 2275/2300 BUPS
#vxxgame
$SVXY 85 put
$SVXY 110 put
$SVXY 115 put
Closed Early
#spxcampaign
$SPX BTC 2410/2430 BUCS @17% Max Profit Thank you @jeffcp66 for risk reversal thoughts
#vxxgame
$SVXY BTC 5/26 146 put @ .20 STO @ 5.06
#spxcampaign
$SPX BTO 2424/2445 BUCS @ 1.20 Risk reversal trade
Everyone have a great Memorial Day weekend. For all the veterans out there – Thank you so much.
And to all the bistroites – you are the best.
#OptionsExpiration for 5/26 $SVXY 05/26/2017…
#OptionsExpiration for 5/26
$SVXY 05/26/2017 70 puts
$SVXY 05/26/2017 75 puts
$SVXY 05/26/2017 80 puts
$SVXY 05/26/2017 85 puts
$SVXY 05/26/2017 105 puts
$UVXY 05/26/2017 30 calls
No assignments.
Have a great weekend everyone.
#optionsexpiration no expiration’s today.
no expiration’s today.
OptionsExpiration
$SVXY $80 puts
$SVXY $85 puts
$SVXY $110 puts
$SVXY $113 puts
$SVXY $120 puts
$SVXY $125 puts
$SVXY $130 puts
$UVXY $15.5 calls
$UVXY $17.5 calls
$UVXY $19 calls
$UVXY $21.5 calls
$UVXY $30 calls
Very nice weekly expiration. Didn’t add any volatility trades this week, just letting things run off. Comey is supposed to testify next week, so I figure that will possibly provide the next opportunity for a volatility spike that we can sell into.
Have a great long weekend, I’m off to chase Walleye’s.
After close trade:
#SPXcampaign Sold half of this position with small profit; holding the other half for the possible rally Tue/Wed
Sold to close $SPX May 31st 2425/2445 call spreads for 1.30. Bought for .80 on Wednesday.
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY Jun 2 2017 14.0 Calls @ 0.15 for next week with the stock at 10.96
$SVXY
#OptionExpiration May 26th
$SVXY
120 Put
125 Put
130 Put
150 Put
Have a great weekend all.
Options Expiration and final trade
#SPXcampaign I was going to let this expire but forgot I had put an order in this morning to close it.
BTC $SPX March 26th 2415/2390 put spreads for .50. Sold for 5.20 yesterday.
#OptionsExpiration #VXXGame only one…
Expired with full profit: SVXY 85 puts, sold May 17th for .40
Have a great holiday weekend everyone!
$SVXY #coveredcalls I will be…
$SVXY #coveredcalls
I will be raising cash with SVXY called away at 152 and 153, small but positive gain.
Weekly expirations, everyone have a nice long weekend.
In my IRA:
SVXY 70 puts
SVXY 75 puts
In the trading account:
SVXY 70 puts
SVXY 75 puts
SVXY 80 puts
SVXY 85 puts
SVXY 90 puts
expiration
10 minutes to go and looks like my TSO positions will all be assigned at 83. Cost basis was down to 77 and change so good return after 12 weeks of rolling after being assigned at 87.5.
Will leave a lot of margin and cash for trades early next week. Now if we can just get some volatility.
Hope everyone has a great long weekend!
PANW rolling
#OptionsExpiration #Weeklys #May26 – a…
#OptionsExpiration #Weeklys #May26 – a good expiration as many of the positions taken on the last $VIX spike of two weeks ago are expiring. $NUGT positions are expiring and $DUST Puts were rolled down.
A holiday shortened week next week with significantly less exposure to a VIX spike going forward. No assignments this week.
— Expirations —
NUGT 25/100 (Weekly) May 26 2017 7 Puts
NUGT 25/100 (Weekly) May 26 2017 7.5 Puts
NUGT 25/100 (Weekly) May 26 2017 8 Puts
NUGT 25/100 (Weekly) May 26 2017 15.5 Calls (Covered)
SVXY (Weekly) May 26 2017 70 Puts
SVXY (Weekly) May 26 2017 75 Puts
SVXY (Weekly) May 26 2017 80 Puts
SVXY (Weekly) May 26 2017 85 Puts
SVXY (Weekly) May 26 2017 88 Puts
SVXY (Weekly) May 26 2017 89 Puts
SVXY (Weekly) May 26 2017 90 Puts
SVXY (Weekly) May 26 2017 100 Puts
SVXY (Weekly) May 26 2017 103 Puts
SVXY (Weekly) May 26 2017 104 Puts
SVXY (Weekly) May 26 2017 105 Puts
SVXY (Weekly) May 26 2017 106 Puts
SVXY (Weekly) May 26 2017 107 Puts
SVXY (Weekly) May 26 2017 108 Puts
SVXY (Weekly) May 26 2017 109 Puts
SVXY (Weekly) May 26 2017 111 Puts
SVXY (Weekly) May 26 2017 112 Puts
SVXY (Weekly) May 26 2017 112.5 Puts
SVXY (Weekly) May 26 2017 145 Puts
UVXY (Weekly) May 26 2017 16 Calls (Covered)
UVXY (Weekly) May 26 2017 16.5 Calls (Covered)
UVXY (Weekly) May 26 2017 17 Calls (Covered)
UVXY (Weekly) May 26 2017 17.5 Calls (Covered)
UVXY (Weekly) May 26 2017 18 Calls (Covered)
UVXY (Weekly) May 26 2017 22.5 Calls
UVXY (Weekly) May 26 2017 23 Calls
UVXY (Weekly) May 26 2017 23.5 Calls
UVXY (Weekly) May 26 2017 24 Calls
UVXY (Weekly) May 26 2017 24.5 Calls
UVXY (Weekly) May 26 2017 25 Calls
UVXY (Weekly) May 26 2017 25.5 Calls
UVXY (Weekly) May 26 2017 26 Calls
UVXY (Weekly) May 26 2017 26.5 Calls
UVXY (Weekly) May 26 2017 27 Calls
UVXY (Weekly) May 26 2017 30 Calls
UVXY (Weekly) May 26 2017 40 Calls
UVXY (Weekly) May 26 2017 42 Calls
$NUGT #CoveredCalls – Rolled this…
$NUGT #CoveredCalls – Rolled this week’s NUGT MAY 26 2017 36.0 Calls to next week’s 36.0 Call for a 0.92 Credit.
$ALXN #ShortPut #FallingKnife – Sold…
$ALXN #ShortPuts #FallingKnife – Sold 1 ALXN Nov 17 2017 75 Put @ 3.20 with the stock at 96.75
$SVXY #ShortPuts – got a…
$SVXY #ShortPuts – got a few orders off early. Only 4 trading days next week.
Sold SVXY JUN 2 2017 115.0 Puts @ 0.32
Sold SVXY JUN 2 2017 119.0 Puts @ 0.42
$DUST #ShortPuts #Rolldown – rolled…
$DUST #ShortPuts #Rolldown – rolled down these Puts 1 more time for a huge gain on the one being covered.
Bought to close DUST MAY 26 2017 29.0 Puts @ 0.65 – right at intrinsic value
Sold DUST Jun 2 2017 28.0 Puts @ 0.98 – these are still OTM and expire in 4 trading days.
This week’s Puts were sold on 04/17/2017 at 6.63 on another #rolldown.
ISRG
#ShortStrangles -This one should finally expire today after multiple roll-ups since earnings…
ISRG MAY 26 2017 905.0 Put (sold for 34.20)
Replacing with this:
Sold ISRG JUN 2 2017 910.0 Put @ 7.00
IBB
#ShortStrangles – Sold against a June monthly 305 call…
Rolled IBB MAY 26 2017 295.0 Put to JUN 16 2017 295.0 Put @ 2.01 credit
SVXY
#CoveredCalls – Gonna hang onto the stock a little longer. Keeping the covered call DITM for max downside protection…
Rolled SVXY MAY 26 2017 137.0 Call to JUN 16 2017 137.0 Call @ 2.55 credit
REGN
#ShortStrangles – Still selling weeklies collecting premium against longer term ITM calls…
Rolled REGN MAY 26 2017 465.0 Puts to JUN 2 2017 462.5 Puts @ 3.00 credit
EWZ
#LongCallDiagonals – Replacing the ones closed earlier this week…
Sold EWZ JUN 16 2017 37.5 Calls @ .56
Closing some DUST
Bought to close $DUST Jun 9 47 calls @ .05. Sold for 1.20 on 4/27.
Closing TLT
Taking this position off for near 60% of max profit.
Bought to close $TLT Jun 16 119/125 strangle @ .65. Sold for 1.55 on 5/3.
Will look to re-establish something in July. I may leg into it starting with calls.
#rolling #coveredcalls Rolled June 2…
#rolling #coveredcalls EWZ
Rolled June 2 35.5 to June 16, 36.5 for a credit of .22.
This is the fuzzball inspired trade, covered with a Jan. 2019, 30 call. EWZ broke 35.5 this morning.
SVXY
STO July 7, lowest available strikes
112.5 put @ 2.25
113 put @ 2.30
QCOM
BTC June 16, 50 puts @.04, sold at 2.24
STO January 45 puts @ .93
Options Bistro 