#spxcampaign IMHO we are approaching…

#spxcampaign

2017-05-17-TOS_CHARTS

IMHO we are approaching this weeks expected down move for the spx, and it should be vigorously defended by “them”
sooooo no worries!!!!

Record Day in YM

#futures
@fuzzballl

From 5pm Last night thru 3pm today, I had a record day..
365 Points gained in the 23 hour trade session…

Have to love IV…

ym

$SVXY $UVXY – last trades…

$SVXY $UVXY – last trades of the day – some filled after the close
Sold UVXY Jun 16.2017 37.0 Calls @ 0.70
Sold 1 UVXY Jan 19 2018 60.0 Call @ 2.26
Sold 1 UVXY Jan 18 2019 60.0 Call @ 4.00

Sold 1 SVXY May 26 2017 102.0 Put @ 1.18
Sold 1 SVXY May 26 2017 103.0 Put @ 1.24
Sold 1 SVXY May 26 2017 104.0 Put @ 1.21
Sold 1 SVXY May 26 2017 105.0 Put @ 1.38

#IRATrades
Sold SVXY May 26 2017 88.0 Puts @ 0.50
Sold SVXY May 26 2017 89.0 Puts @ 0.50
Sold SVXY May 26 2017 90.0 Puts @ 0.50

A Few More Good Puts, Hopefully

#shortputs
$SVXY STO 5/26 115 put @ 1.75
$SVXY STO 5/26 110 put @ 1.30
$SVXY STO 6/2 98 put @ 1.20

SVXY Sold after the close

$SVXY May 26 105 puts @ 1.10
$SVXY Jun 23 80 puts @ 1.20
$SVXY Jun 9 90 puts @ 1.20

SPX – I’m a rolling m*th**f***er

#SPXcampaign Whew! What a day. Playing the SPX campaign means you’ll have rough days like this. My only disappointment today was the May 17th 2380/2355 spread I should have closed yesterday. That’s the only stopped spread that i have not yet rolled. Will add on some rolls in the coming days. All other trades pretty much as the [lan goes on such a sharp down day; despite the drawdown in the accounts today, positioning to gain it all back and then some in coming weeks.

I have been prepping a revised webinar on the strategy and have seen that when a Downside Warning or Upside Warning first hits, selling reverse rolls around and above recent extremes is a safer bet than rolling further out in the same direction. So today, I rolled most back into call spreads, since the odds are we will not be returning to 2400 area for at least a couple weeks.

Here are my trades since 2p ET, when things started to really crater:
BTC SPX May 17th 23870/2355 for 14.00. Sold for 2.35 on May 9th (not yet rolled).
Stopped SPX May 19th (Friday PM) 2350/2335 puts for 3.85. #ReverseRoll to May 31st 2390/2415 calls for 4.80 (extra premium will be applied to another roll).
BTC June 9th 2450/2475 calls for .20; sold for 1.50 on May 10th.
Stopped June 9th 2310/2285 puts for 3.35; #ReverseRoll to June 7th 2400/2425 calls for 4.10.
Stopped May 26th 2365/2340 puts (risk/reversal) for 7.85. #ReverseRoll to May26th 2380/2405 calls for 8.00.
STC May 26th 2410/2430 long call spreads (risk/reversal) for .80.
Stopped May 22nd 2375/2350 puts (risk/reversal) for 9.40. #ITMroll to May 30th 2370/2445 put spreads for 7.60, with May 30th 2405/2430 call spreads for 2.10 added to make up for debit.
STC May 22nd 2410/2435 long call spreads (risk/reversal) for .20. First half sold Monday for 3.30.
Stopped June 2nd 2310/2285 puts for 2.75. #CondorRoll to June 9th 2235/2255/2415/2435 for 3.10.

Good night

I am off to the gym but will be ready for tomorrow.

SVXY, Getting ugly

STO June 2:

96 put @1.10

97 put@ 1.10

98 put @ 1.15

99 put @1.20

SPX Campaign Short Puts and Early Closing (Sky Is Falling!) ;-)

#spxcampaign
$SPX STO 6/2 2285/2310 BUPS @ 2.25
$SPX STO 6/2 2265/2290 BUPS @ 1.50
$SPX STO 6/9 2265/2290 BUPS @ 1.60

#shortputs
$SVXY STO 5/19 148 puts @ 2.25
$SVXY STO 5/19 122 puts @ 1.07
$SVXY STO 6/23 112 puts @ 1.50
$SVXY STO 6/30 95 puts @ 1.80
Thanks to all the fellow short putters (Olympic Event?)

$WYNN STO 6/16 110/120 BUPS @ 2.23

Closed Early (Stops Hit)
$FDX BTC 5/19 200/195 BECS @ .38 30 % profit
$AMZN BTC 5/19 980/970 BECS @ 66% profit
$NFLX STC 5/19 150 call @ 7.56 BTO @ 5.55

$Trin

only at 1.25 close to the close. There may be more down side tomorrow, who knows?

Rolled another WDC Jun 16 85 put to Jun 30 83.5 put for credit of 0.15.

Trying to avoid tapping into margin calls. I have others I can easily cover if needed.

UVXY experiment

#IRA #VXXGame – Once we get another reverse split and a little more drop after that I’ll cover these. Looking for 50 percent of max…

Sold UVXY JAN 18 2019 5.0/15.0 Bear call spreads @ 2.92

#correction Sincere Apologies to those…

#correction
Sincere Apologies to those hurt today, but I needed this.

MNK, AKAM adding

Sold $MNK Jan 19 30 puts @ 1.85. Adding to position at a higher premium.
Sold $AKAM Jan 19 37.50 puts @ 1.38. Adding at a lower strike.

$UVXY

STO May 19 $17 calls @ $0.33

Market starting to make higher lows and higher highs on the 1 min chart

$SVXY #ShortPuts – I may…

$SVXY #ShortPuts – I may be really busy Friday afternoon, rolling Puts, or I’ll be a very happy camper.
Sold SVXY May 19 2017 119.0 Puts @ 0.75
Sold SVXY May 19 2017 117.0 Puts @ 0.66
Sold SVXY May 19 2017 116.0 Puts @ 0.65

$UVXY #ShortCalls – a couple…

$UVXY #ShortCalls – a couple of really short term trades with the stock at 15
Sold UVXY May 19 2017 20.5 Calls @ 0.21
Sold UVXY May 19 2017 21.0 Calls @ 0.21

WDC

Rolled jun 9 84.5 puts to june 23 83 puts for credit of 0.12. Had to do it early, my margin decreased by 8 k today so did this so I can stay in the svxy trades. They will probably be juicy later this week!

$SVXY #ShortPuts – Sold SVXY…

$SVXY #ShortPuts – Sold SVXY JUN 16 2017 85.0 Puts @ 1.20 with the stock at 137.60.
Only a month out.

VP succession…tongue in cheek (or not)

I’m no political science guy but I think when the Vice-President becomes president he nominates a new VP and then Congress approves.

Who and what are the odds…feel free to add!

🙂 🙂

Marco Rubio: even money
Jeb Bush 500:1

NVDA roll

#ShortStrangles – Taking my medicine for actually taking a directional play on something…the only one in my main portfolio…LOL

Rolled NVDA JUN 16 2017 140.0 Puts to DEC 15 2017 125.0 Puts @ .22 credit.

There’s over 8 dollars of premium in these puts already. I’ll continue selling a few conservative weekly calls against them between now and then.

Downside Warning has fired

Downward we go

#reverserolling, #spxcampaign

SVXY

STO June 2, 98 put @1.15

WYNN roll

#ShortStrangles – Just to make sure there’s no monkey business with early assignment…

Rolled WYNN MAY 19 2017 130.0/110.0 inverted to JUN 2 2017 130.0/110.0 @ .90 credit

$CVS #ShortPuts – Sold 1…

$CVS #ShortPuts – Sold 1 CVS Jan 19 2018 65.0 Put @ 1.58 with the stock at 76.27.
A non-volatility play.

SVXY

STO June 9:

99 put @1.35

98 put @ 1.30

97 put @ 1.25
96 put @ 1.20

$SVXY #ShortPuts – Sold SVXY…

$SVXY #ShortPuts – Sold SVXY May 19 2017 120 Puts @ 0.56 with the stock at 140.41.
These expire Friday

SVXY

STO September 75 puts @2.05

$NUGT #ShortPuts – Bought to…

$NUGT #ShortPuts – Bought to close NUGT(25/100) MAY 26 2017 6.5 Puts @ 0.01. They wont trade any lower

$UVXY #ShortCalls – Sold UVXY…

$UVXY #ShortCalls – Sold UVXY Jan 19 2017 60.0 Calls @ 1.72 with the stock at 14.45. Adding on. Highest strike

$UVXY #SHortCalls – Sold UVXY…

$UVXY #ShortCalls – Sold UVXY Jul 21 2017 32.0 Calls @ 1.03 with the stock at 14.45. Adding on. Highest strike

Lows of the day?

Wow just hit a new low with a spike down to 2367.69. It may have been a capitulation low, at least for a few minutes, or for the day. But in any case, the day has gotten uglier, not prettier.

I’m stuck exiting the May 17th 2380/2355 on this bounce, which sucks because it was going for .20 yesterday. I’m also pressured on the two risk/reversals I have running, which will likely need to be rolled. #SPXcampaign

SVXY

STO June 9, 100 put @1.35

In my IRA,

STO January 2018, 80 puts @ 5.55

$SVXY #shortputs Sold May 26th…

$SVXY #shortputs Sold May 26th 120 Puts @ 1.50 with $SVXY at 141.46.

Vol. is up enough maybe…

Vol. is up enough maybe time to look at some /ES strangles. Delta 8 44 DTE puts are going for 5.25-5.50 and call 2.3. That equates to 2165 to 2455 on /ES.

Unfortunately I am almost at margin limit so have to wait until some trades close this week.

$SVXY #ShortPuts – Sold 1…

$SVXY #ShortPuts – Sold 1 SVXY May 19 2017 129.5 Put @ 1.11 with the stock at 143.04.
Expires Friday.

Highest TICK of the day

Highest TICK of the day

$SVXY #ShortPuts – these are…

$SVXY #ShortPuts – these are for next week
Sold SVXY May 26 2017 108 Puts @ 0.91
Sold SVXY May 26 2017 109 Puts @ 1.00

SVXY

#ShortPuts #VXXGame – After selling those additional puts earlier this week I promised myself I’d thin the herd if things got dicey. Since I’m probably going to be long 100 shares this week from my 160/155 BuPS I’m playing it really safe. Still nice winners and reduces a lot of risk…and I absolutely hate seeing winners turn into losers.

Bought to Close SVXY JAN 19 2018 55.0 Puts @ 1.75 (sold for 2.85)
Bought to Close SVXY JAN 19 2018 60.0 Puts @ 2.35 (sold for 4.55)

$UVXY #ShortCalls #VXXGame – adding…

$UVXY #ShortCalls #VXXGame – adding to this position at the highest strike
Sold UVXY Jul 21 2018 32.0 Calls @ 0.96

$UVXY #ShortCalls #ClassicVXXGame – adding…

$UVXY #ShortCalls #ClassicVXXGame – adding to this position at the highest strike
Sold UVXY Jan 19 2018 60.0 Calls @ 1.62

$UVXY #ShortCalls #ClassicVXXGame – adding…

$UVXY #ShortCalls #ClassicVXXGame – adding to this position
Sold 1 UVXY Jan 18 2019 60.0 Call @ 3.60

$SVXY #ShortPuts – Bought to…

$SVXY #ShortPuts – Bought to close SVXY JUN 16 2017 25.0 Puts @ 0.01. It won’t trade any lower.
Originally Sold on 11/01/16 @ 1.20

#spxcampaign sto 2240/2215 put @…

#spxcampaign
sto June 16 ,2240/2215 put @ 1.50
sto June 16,2245/2220 put @1.50

PANW covered calls

#Earnings #CoveredCalls BTC $PANW May 26th 120 call for 1.00. Sold at Monday’s open for 3.30.

$SVXY #ShortPuts – Sold SVXY…

$SVXY #ShortPuts – Sold SVXY Sep 15 2017 70.0 Puts @ 1.55

Goodbye PEP

#Earnings #StockTrades
Sold to close all PEP stock for 113.75. I don’t need this weighing me down if we’re going to have market volatility. Cost basis 113.20 from earnings #IronButterfly last month.

Hello NUGT

#ContangoETFs These are my first trades in NUGT since November. Waited for it to reach closer to its April highs before selling calls, and of course the reverse split was necessary to make premium attractive again.

STO NUGT June 16th 51 calls for 1.05
STO NUGT Sept 15th 51 call for 4.60
(highest strike available)

NVDA roll

#Earnings #Rolling
BTC NVDA June 23rd 125 calls for 10.25. Sold Monday for 10.50. Backing out of this roll with a small profit, given the bullish nature of this stock. I sold more puts and will look to try some more calls if we reach new highs.
STO NVDA June 16th 125 puts for 2.50

SVXY

Sold $SVXY Jun 16 95 puts @ 1.24

Downside signal, Upside Warning is canceled

#VIXIndicator, #SPXcampaign
The VIX crossed 13.03, which is 25% above the 2-day closing low. This cancels the upside warning and sets us up for the possibility of a downside warning. We now need to be cautious of further weakness, but also the possibility that, without a full downside warning in effect, that we may bounce from this week’s lows. We’d have to reach 14.34 today for a Warning to go into effect.

I will be looking to manage some pressured put spreads today.

SVXY

STO June 23,
90 puts @.98
91 puts @1.01
92 puts @ 1.05
93 puts @ 1.10
94 puts @1.25
95 puts @1.25

$UVXY #ShortCalls #ClassicVXXGame – restarting…

$UVXY #ShortCalls #ClassicVXXGame – restarting this position
Sold 1 UVXY Jan 18 2019 60.0 Call @ 3.20
I will add on if it keeps rising

GLD getting there

#PerpetualRollingStrangles – Been rolling 120.5/113 inverted forever waiting for one side to expire. Got a chance on the put side this week. Go baby go! Then roll the calls out to a new strangle. Probably still inverted but finally get to book premium on the 120.5’s….maybe. Big move in gold back above the 200ma for now.

SVXY

STO may 19, 135 put @ .95

$SPX #spxcampaign Bought to close…

$SPX #spxcampaign Bought to close that June 02 2310/2330 BuPS spread I put on yesterday @ 0.80 for 2.35. I waited to see if the market would bounce after the pull back in place of a panic trade. I still have much to learn for these types of trades.

UVXY

Sold $UVXY Jul 21 32 calls @ .65. Highest strike.
Sold $UVXY Sep 15 55 calls @ .60

$UVXY #ShortCalls – Sold UVXY…

$UVXY #ShortCalls – Sold UVXY Jul 21 2017 32.0 Calls @ 0.73. Highest available strike

SVXY

STO May 19,
136 put @ .84, fat finger on this one
137 put @ 1.05
138 put @ 1.10
139 put @ 1.20

More SPX call spreads closed

#SPXcampaign Closed on GTC orders:
$SPX May 19th (Friday PM) 2415/2440 call spreads for .20. Sold for 2.00 last Thursday.
$SPX June 2nd 2445/2470 call spreads for .20. Sold for 1.72 (avg price) on or before May 4th. (this is mistakenly entered as the 2420/2445 spread on my chart).

I left the May 17th 2380/2355 put spread to expire today. Big mistake. However, I’m going to let the day play out provided we stay below 13.03 on the VIX, which is today’s warning signal level.

SVXY

#IRA #ShortCalls #VXXGame – I know this sounds backasswards but these were practically unchanged on the little bounce right after the open. Thinning out some risk and looking to sell lower eventually…

Bought to Close SVXY SEP 15 2017 60.0 Put @ .81 (sold for 3.15)
Bought to Close SVXY SEP 15 2017 65.0 Put @ .96 (sold for 3.97)
Bought to Close SVXY SEP 15 2017 70.0 Put @ 1.20 (sold for 3.25)

And one small sale:

Sold SVXY DEC 15 2017 70.0 Put @ 2.30

VXXgame dabble

#VXXgame
Sold SVXY june 16th 100 put for 1.20
Sold SVXY June 16th 140 put for 6.50 (hedge against underwater calls)

$SVXY #ShortCalls – adding on…

$SVXY #ShortCalls – adding on
Sold SVXY May 19 2017 138.0 Puts @ 1.14
Sold SVXY May 19 2017 136.0 Puts @ 0.90
Sold SVXY May 19 2017 135.0 Puts @ 0.90

SVXY

STO June 30, 95 put @ 1.38

$UVXY #CoveredCalls – Sold these…

$UVXY #CoveredCalls – Sold these to get out of some small stock positions
Sold UVXY May 19 2017 14.0 Calls @ 0.23
Sold UVXY May 19 2017 14.5 Calls @ 0.19
Sold UVXY May 19 2017 15.0 Calls @ 0.15
Sold UVXY May 19 2017 15.5 Calls @ 0.13

SPX trades

#SPXcampaign
Sold to Open $SPX June 15th 2265/2240 put spreads for 1.40, with SPX at 2382.

These all closed on GTC orders since the opening bell:
SPX May 18th 2415/2440 call spreads for .20. Sold for 1.30 as a #ReverseRoll on May 11th
SPX May 26th 2440/2465 call spreads for .20. Sold for 1.60 on Apr 24th
SPX May 26th 2435/2460 call spreads for .20. Sold for 1.65 on Apr 28th
SPX June 2nd 2450/2475 call spreads for .20. Sold for 1.40 on May 1st

$SVXY #ShortCalls – got these…

$SVXY #ShortCalls – got these on the open – 10 points OTM
Sold SVXY May 19 2017 138.0 Puts @ 0.74
Sold SVXY May 19 2017 137.0 Puts @ 0.76
Sold SVXY May 19 2017 136.0 Puts @ 0.61
Sold SVXY May 19 2017 135.0 Puts @ 0.62

$SVXY

STO May 19 $130 puts @ $0.40
STO May 19 $135 puts @ $0.58
STO May 19 $138 puts @ $0.62
STO May 26 $125 puts @ $.95