$UVXY #ShortCalls – Bought to…

$UVXY #ShortCalls – Bought to close 1 UVXY JUN 2 2017 40.0 Call @ 0.01. It won’t trade any lower.
Originally sold on 04/17/17 at 1.64.


$SPX 2315/2340 BUPS (2X normal size)
$SPX 2440/2415 BECS Thank you @jeffcp66

Closed Early

$TRIP BTC 6/16 38 put @ .05 STO @ 1.40 Thank you @ramie77
$NFLX STC 5/19 150 call @ 11.50 BTO @ 5.50 (Closed half of position with stop on the rest)
$GOOGL STC 5/19 870 call @ 88.95 BTO @ 20.10 A little profit left over after covering
$CMG BTC the assigned stock from the 445 call sale. And I thought salmonella was bad. ;-}

$SVXY #ShortCalls – Sold 1…

$SVXY #ShortCalls – Sold 1 SVXY JAN 18 2019 300.0 Call @ 18.10 with the stock at 155.75

$GWW #ShortPuts #OptionLadder – sold…

$GWW #ShortPuts #OptionLadder – sold all these today
Sold 1 GWW OCT 20 2017 145.0 Put @ 1.50
Sold 1 GWW DEC 15 2017 135.0 Put @ 1.40
Sold 1 GWW JAN 19 2018 130.0 Put @ 1.25


STO January 2018, Hat tip to Fuzzball. I have a lot of expirations this week so need to add some exposure.

70 puts @2.65

75 puts @ 3.20

80 puts @ 3.90

BABA & CRM have earnings…

BABA & CRM have earnings this week.

CRM covered call idea

Looking at CRM for ITM covered call for May 26. Earnings on May 18.
Buy-write the May 26 85 covered call for 83.97 debit.
If it tanks on earnings, I’ve got the stock at the 50 day ma. If called away next week, I’ve got about 1.00 profit. Not high dollar return, but would get me some lunch money or the stock at a decent price.

$SVXY #ShortPuts Trying to induce…

$SVXY #ShortPuts Trying to induce a bit of a pullback. Sold May 19th 150 Puts @ 0.85 when $SVXY recently pulled back to 157.30. Will roll as needed.

PANW trade

#Earnings Sold $PANW June 23rd 120 put for 2.50, giving me a straddle. Will adjust or roll one side or both sides as necessary.

Has anyone here traded the…

Has anyone here traded the NDX?
I have been paper trading it. I’m wondering what you think of this trade June 16 IC 5850/5875//5400/5375 for 5.30ish credit?

SVXY again

#VXXGame – Sort of a #TakeOneForTheTeam but pretty conservative. I’m losing a lot of long deltas from Sep and Jan put sales down in the 50, 55, 60, and 65 area so adding a few higher with a close eye on the previous ones. I’ll book those if things get dicey and leave these new ones. My position size is bigger temporarily but it won’t be if we get weak. These are margin free against short calls…

Sold SVXY JAN 19 2018 70.0 Put @ 2.56
Sold SVXY JAN 19 2018 75.0 Put @ 3.21
Sold SVXY JAN 19 2018 80.0 Put @ 3.90

REGN adjustment

#ShortStrangles – Still trying to talk her down off the ledge…

Rolled REGN MAY 19 2017 435.0 Puts to MAY 19 2017 445.0 Puts @ 3.20 credit.

Total premium received for 2 weeks of put sales now up to 16.50. At some point might use a little of this to roll up Sep 420 calls…


#shortcallspreads NVDA Managing the dumb…

#shortcallspreads NVDA
Managing the dumb trade of the year rolled May 19 125/130 to June 16 135/150 for a debit of .48

SVXY question.

New to the vol. game. Will they split svxy when it reaches a certain level like they do with VXX and UVXY?

Because of contago seems to me like even if volatility remained flat over the long term SVXY should go higher.

$SVXY #ShortPuts – Bought to…

$SVXY #ShortPuts – Bought to close 5 SVXY MAY 19 2017 78.0 Puts @ 0.01 to release some margin.
They won’t trade any lower.
Sold in April at an average of 1.37

BTC WDC Jun 2 83…

BTC WDC Jun 2 83 puts at 0.43, sold for 1.33 a few weeks ago. Mostly doing this to free up some margin for other trades that may develop this week.

Taking partial profit

#SPXcampaign #RiskReversal

Sold half of my long $SPX call spreads for 5/22. Leaving the other half plus the full position for 5/26 for potentially higher SPX this week.

Sold (half) SPX May 22nd 2410/2435 call spreads for 3.30. Bought for 4.75 on 5/5, but net cost was zero given I sold the put spread for 4.80.

$NUGT #CoveredCalls – Sold NUGT(25/100)…

$NUGT #CoveredCalls – Sold NUGT(25/100) MAY 19 2017 10.0 Calls @ 0.10


Taking one for the team.

STO January 2018, 180 put @ 42.75

$SVXY #ShortPuts – Bought to…

$SVXY #ShortPuts – Bought to close 6 SVXY MAY 19 2017 85.0 Puts @ 0.02 to release some margin.
No commission.
Sold in March and April at an average of 2.15


STO January 2018, 60 calls @1.15, Small position.

$UVXY #ShortCalls #ClassicVXXGame – Bought…

$UVXY #ShortCalls #ClassicVXXGame – Bought to close UVXY JAN 18 2019 60.0 Calls 2.55 as UVXY hits a new low.
Sold in Feb and April of this year at an average of 7.55.
Still 613 day left until expiration.

/ES hedge

#Futures – Looks like I’ll be taking a short position this Friday with a basis of 2387. Pre-selling a put against it to raise the basis even further while still giving a little room for some profit on a pullback.

SOLD /ES JUN 17 2400 PUT @ 23.50

New all-time SPX high

New all-time SPX high

#FallingKnife trades today – $M…

#FallingKnife trades today – $GWW $M $VIAB $VZ $URBN

$TRIP #ShortPuts – Bought to…

$TRIP #ShortPuts – Bought to close 1 TRIP JUN 16 2017 38.0 Put @ 0.05. It won’t trade any lower and I’m out a month early.
Sold on 02/23/17 at 1.15 as a #FallingKnife trade.

Covered calls, naked calls

#Earnings #CoveredCalls
Sold to Open $PANW May 26th 120 call for 3.30. This was a GTC sell order, probably for 1.25 limit. I failed to see the morning gap before the open so it filled at 3.30.

Sold to Open $NVDA June 23rd 125 calls for 10.50. This is a roll from the May 12th 115 calls.

HD earnings

#Earnings Sold to Open $HD 152.5/157.5/160 broken-wing #IronButterfly for 2.82. Downside max risk: 2.18. No upside risk. Max profit 2.80 if pin at 157.5. Minimal profit to upside: .32.

Over last 12 reports, HD five-day moves: Biggest UP move: 8.9%, Biggest DOWN move: -3.0%, Average move: 3.0%.


BTC June 70 puts @.05, sold at 1.20

VIX up and S&P rallying……

VIX up and S&P rallying… repeat of earlier this year when SPX made some strong bullish runs.

SPX calls sold

#SPXcampaign Sold to Open $SPX June 15th 2460/2485 call spreads for 1.50.

$NUGT #CoveredCalls – Sold NUGT…

$NUGT #CoveredCalls – Sold NUGT 25/100 Dec 19.0 Calls @ 0.88.
This strike is equivalent to a strike 76.0 call on the current stock, with the stock at 36.50

Econ Calendar for week of 5/15/17

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Screen Shot 2017-05-15 at 6.12.35 AM

#OIL – everything Oil related…

#OIL – everything Oil related is going to gap higher this morning. All those #Fallingknife trades from the last two weeks will be requiring less margin as the premium falls and the distance to the strike widens.

$NUGT – New strikes today…

$NUGT – New strikes today up to 51.0 for all weeklys and monthlys except Dec and Jan

Economic Data

8:30am EST Empire State Manufacturing Index – street sees 7.2
10:00am EST NAHB Housing Market Index – street sees 68
4:00pm EST TIC Long-Term Purchases – street sees 68.3B

Earnings before Open
DIGITAL ALLY IN (DGLY) – consensus EPS -0.29
VASCULAR BIOGNC (VBLT) – consensus EPS -0.17

Earnings After Markets Close
AVIGILON CORP (AVO) – consensus EPS 0.05
MARATHON PATENT (MARA) – consensus EPS -0.15
VIPSHOP HOLDNGS (VIPS) – consensus EPS 0.16
VOXX INTL CP (VOXX) – consensus EPS 0.06