Expirations, Closed Early and Assignment Oh My

#optionsexpiration
Expired Full Profit
$AMZN 890/920 BUCS
$GOOGL 850/860 BUCS
$SPX 2165/2190 BUPS
$FDX 175/180 BUPS
$BABA 110/115 BUPS
$GOOGL 800/810 BUPS
$AMZM 900/910 BUPS
$AMZN 980/970 BECS
$SPX 2445/2420 BECS
$ULTA 270/275 BUPS
$BIDU 165/170/205/200 IC (Earnings)
$NVDA 110/115 BUPS
$JAZZ 162.5/165 BECS (Earnings IC This almost offset total loss on put part – can I say put part in polite company)
$IBB 305 calls
$FXI 40 calls
$LABU 48 calls (covered)
$SVXY 70 put
$SVXY 133 put
$SVXY 122 put
$NVDA 90 put

Expired for Loss
$KATE 18/20 BUPS (64% of max loss)
$JAZZ 155/157.50 BUPS Max Loss
$BAC 27 calls Total Loss
$SWN 10 calls Total Loss

Closed Early
$BIDU BTC 177.5/185 BUPS @1.50 STO @ 2.70
$AAOI BTC 60/65 BUPS @.90 51% profit

Rolled
$OCLR 10 put to 6/19 10 put for additional .05
$SVXY 148 put to 5/26 146 put @ 1.00 added credit

Assigned
$AGN 225 put Basis 219.5

Thanks to everyone. Have a great weekend. Winter returning to NYC after heat wave since Bloody Wednesday.

CHRW adding at a lower strike

I missed this fill a little earlier.
Sold $CHRW Jan 19 55 puts @ 1.25

Options Expiration

SVXY $70 puts
SVXY $75 puts
SVXY $76 puts
SVXY $77 puts
SVXY $80 puts
SVXY $85 puts
SVXY $117 puts
SVXY $130 puts
UVXY $14 calls
UVXY $17 calls

Pretty good expiration

#OptionsExpiration #Monthlys #May19 – an…

#OptionsExpiration #Monthlys #May19 – an interesting week with rumor/politics causing a big drop that was almost erased by Friday. Volatility was all over the board, with the VIX rising almost 50% before settling back.

Maybe more fireworks next week, but this week’s swoon set me up with new positions in the weeklys options ($SVXY and $UVXY) through the end of June.

Only 1 small assignment for this week.

–Expirations —
DUST May 19 2017 45 Calls

HES May 19 2017 45 Puts

NUGT 25/100 May 19 2017 7 Puts
NUGT 25/100 May 19 2017 8 Puts
NUGT 25/100 May 19 2017 10 Calls (Covered)
NUGT 25/100 May 19 2017 14 Calls (Covered)
NUGT 25/100 May 19 2017 15 Calls (Covered)

SVXY May 19 2017 60 Puts
SVXY May 19 2017 65 Puts
SVXY May 19 2017 67 Puts
SVXY May 19 2017 68 Puts
SVXY May 19 2017 69 Puts
SVXY May 19 2017 70 Puts
SVXY May 19 2017 74 Puts
SVXY May 19 2017 75 Puts
SVXY May 19 2017 76 Puts
SVXY May 19 2017 77 Puts
SVXY May 19 2017 78 Puts
SVXY May 19 2017 79 Puts
SVXY May 19 2017 80 Puts
SVXY May 19 2017 81 Puts
SVXY May 19 2017 85 Puts
SVXY May 19 2017 111 Puts
SVXY May 19 2017 116 Puts
SVXY May 19 2017 117 Puts
SVXY May 19 2017 119 Puts
SVXY May 19 2017 120 Puts
SVXY May 19 2017 125 Puts
SVXY May 19 2017 129.5 Puts
SVXY May 19 2017 131 Puts
SVXY May 19 2017 132 Puts
SVXY May 19 2017 133 Puts
SVXY May 19 2017 134 Puts
SVXY May 19 2017 135 Puts
SVXY May 19 2017 136 Puts
SVXY May 19 2017 137 Puts
SVXY May 19 2017 138 Puts

TRIP May 19 2017 52.5 Calls

UVXY May 19 2017 13.5 Calls (Covered)
UVXY May 19 2017 14 Calls (Covered)
UVXY May 19 2017 15 Calls (Covered)
UVXY May 19 2017 15.5 Calls (Covered)
UVXY May 19 2017 16 Calls (Covered)
UVXY May 19 2017 20 Calls
UVXY May 19 2017 20.5 Calls
UVXY May 19 2017 21 Calls
UVXY May 19 2017 39 Calls
UVXY May 19 2017 40 Calls
UVXY May 19 2017 42 Calls

— Assignments —
M May 19 2017 25 Puts

#optionsexpiration I have none having…

#optionsexpiration I have none having closed them all earlier. All, have a safe and wonderful weekend.

#OptionsExpiration for 5/19 $AMZN 05/19/2017…

#OptionsExpiration for 5/19
$AMZN 05/19/2017 970 calls (covered)
$CYBR 05/19/2017 50 calls (covered)
$DIA 05/19/2017 195 puts
$DUST 05/19/2017 45 calls
$NVDA 05/19/2017 90 puts
$PII 05/19/2017 70 puts
$SVXY 05/19/2017 65 puts
$SVXY 05/19/2017 75 puts
$SVXY 05/19/2017 80 puts
$SVXY 05/19/2017 119 puts
$SVXY 05/19/2017 129.50 puts
$SVXY 05/19/2017 135 puts
$SVXY 05/19/2017 136 puts
$SVXY 05/19/2017 137 puts
$SVXY 05/19/2017 138 puts
$TGT 05/19/2017 55 puts
$TWLO 05/19/2017 32 calls (covered)
$UVXY 05/19/2017 30 calls
$XOP 05/19/2017 34 puts

No assignments.

Have a great weekend everyone.

No expirations, final trades…

#Earnings Closed $HD May 19th 157.5 puts for 1.05. Sold in the 155/157.5/160 broken-wing #IronButterfly for 2.82 on Monday.
#Rolling Closed $PANW May 19th 135 put for 18.60. Sold for 25.90 on Apr 19th (as a roll). Sold June 16th 110p for 3.30, and June 16th 130 put for 15.30. Brought my ITM put down 5 points.

#SPXcampaign Sold to Open $SPX June 15th 2275/2250 put spreads for 1.35.
Sold to Open May 31st 2360/2335 put spreads for 2.70… offsets threatened 2390/2415 call spreads for the same expiry.

JPM

#LongCallDiagonals – Adjusting front month sales…

Bought to Close JPM MAY 26 2017 88.5 Calls @ .03 (sold for .45)
Sold JPM JUN 2 2017 86.0 Calls @ .50

Expirations, Everyone have a nice weekend. I am going to the gym.

This is a large one for me. It will free up a good amount of margin.

In the IRA:

SVXY:
70 puts
75 puts
80 puts
85 puts

In the trading account:

REGN 420 puts
SVXY: 100puts,110 puts,120 puts, 125 puts,130 puts, 132 puts, 65 puts, 67 puts, 69 puts, 70 puts, 75 puts, 80 puts, 85 puts, and 90 puts

 

EWZ Whiz style

#LongCallDiagonals #IRA – Adding one of his with modified strike prices…he uses long delta 80 Leaps and just buys protective puts 20 percent below the current price. I generally buy about delta 70 Leaps and sell bull put spreads to reduce the entry fee. Either way though, sell front month to reduce basis.

Bought Jan 2019 30 calls and sold Jan 2019 25/20 Bull put spreads (and sold May 26 35.5 calls against these). Net debit of 6.35.

With 87 weeks to go front month calls don’t need to bring in much at all for this to be a zero cost trade…

$UVXY

I did make a couple of trades earlier today.
STO UVXY May 26 $15.5 calls @ $0.33 (highest close this week was $15.85)
STO UVXY Jun 9 $20 calls @ $0.38
STO UVXY Jun 9 $24 calls @ $0.39

Closing EWZ

Bought to close $EWZ Jun 30 puts @ .28. Sold yesterday for 1.00.

$UVXY #CoveredCalls – Feeling pretty…

$UVXY #CoveredCalls – Feeling pretty certain that today’s 15 and 15.5 calls would expire with the stock below 13 with 2 hours to go, I pre-sold new calls for next week.
Sold UVXY May 26 2017 16.5 Calls @ 0.28
Sold UVXY May 26 2017 17.0 Calls @ 0.28

TRTN

$TRTN #ShortPuts STO Oct 20, 2017 25 puts @ 2.60 IRA account will take stock w/ .45 qtrly dividend if need be

$TSO #ShortPuts – Bought to…

$TSO #ShortPuts – Bought to close 1 TSO JUN 2 2017 68.5 Put @ 0.01.
Originally sold on 04/19/2017  at 1.09 as a #FallingKnife trade.

SPX roll

#SPXcampaign So far this Downside Warning is shaping up to be a big failure. I’m going to have to review the set up as the signal is not as reliable in the last couple years as it was prior to 2015. However, until we close below 11.00 (which could be today), we could still weakness next week. The rally today could be an OpEx thing.

But regardless, I was too aggressive on reverse rolls on Wednesday; placed too many below the Tuesday high of 2405, which should have been my line in the sand.

Bought to close $SPX May 26th 2380/2405 call spreads for 10.50. Sold for 8.00 on Wed as a #ReverseRoll
Sold to Open SPX June 12th 2315/2340/2410/2435 #CondorRoll for 7.55, 1.5x position size. One side of that will likely require further attention, but the idea is to get the current ATM spread out of play.

$SVXY #ShortPuts – #Rolled my…

$SVXY #ShortPuts#Rolled my SVXY May 19 2017 148.0 Puts down and out. I split the position into 2 parts.
Bought to Close SVXY May 19 2017 148.0 Puts @ 4.81/Sold SVXY Jun 2 2017 142.0 Puts @ 5.31 for a .50 Credit and a 6 point drop in the strike price
Bought to Close SVXY May 19 2017 148.0 Puts @ 4.11/Sold SVXY May 26 2017 145.0 Puts @ 4.61 for a .50 Credit and a 3 point drop in the strike price. Only one more week until expiration on this one.

SVXY

I expect to be assigned on my 150 puts so I STO the January 150 call @ 23.95 which will give me an annual return of 23.7% on the 1 contract.

$SVXY

#ShortPuts  Rolled my May 19th 150 Puts out to May 26th 150 Puts for 1.29 credit when $SVXY was at 144.16.

Thanks to all for showing…

Thanks to all for showing me the VXX trades. With the vol. spike I was able to see what happens, looks like 7:1 leverage on SVXY and now I see why the premiums are so high but awesome!

Rolled TSO May 19 80.5 put to May 26 81 put for 0.52 credit.

May try weekly SPY IC based on the spx campaign. Will establish 1-5 point wide wings and roll challenged options. See if it is any more efficient than SPX although may not get the tax benefit of SPX. Will let you know how it goes after a few weeks but this may be a better option for small accounts than SPX. Won’t start until next week when I have some expiring positions that will free up capital and margin.

Cheers and everyone have a good weekend! I am done trading for the week.

XIV stock

#HolyCrap – Can’t believe it…a stock trade at “The Bistro” !!

#IRA – Just for fun was scaling into some XIV this week at 77.85, 75.70, 73.35, and the biggest chunk at 68.02. Average share price of 72.59. Wasn’t looking too good initially so with this move today I feel like “ya gotta book it”. Could see another 9 handle in the VIX but no greed here.

Sold XIV stock @ 74.60 (bought for 72.59)

ISRG adjustment

#ShortStrangles – Spending a little of the weekly premium accumulated to make a small roll up. Trying to keep all of these in the expirations prior to the next earnings announcement. Then, if I still have the position, it can be rolled up or down quite a bit for a credit rolling it into the high IV of an earnings week.

Rolled ISRG JUN 16 2017 855.0 Call to JUN 30 2017 862.5 Call @ 1.16 debit

Sold against next week’s 865.0 put…total premium for the entire position is now down to 27.20. Would still love to be out by earnings. Amazing move on this thing…120 points from the low the day before earnings. 16 percent in 3 weeks. Are stocks like this actually worth that much?

TSO

BTC June 2, 68.5 put @.01, sold @1.10 on a falling knife trade.

/ES hedge adjust

#Futures – After a couple rolls down earlier this week I managed a small profit so re-setting for June.

BOUGHT /ES MAY 17 (Wk3) 2350 CALL @ 19.75 (sold for 28.50)
SOLD /ES JUN 17 2370 CALL @ 26.00

SVXY roll

#VXXGame Yesterday, bought to close $SVXY June 16th 130 call for 12.45. Sold for 6.40 on Dec 21st.
Today, #StrangleRoll, Sold Dec 95/210 strangle for 12.90

SVXY TOFTT update

#TakeOneForTheTeam – Was short a 160/155 put spread from a couple weeks ago. Of course was exercised early on the short 160 today. Immediately closed the 155 long put for 17.25. Originally received 2.80 for the spread so a grand total of 20.05 in premium to offset the 160 purchase price.

Stock basis of 139.95 is where she settled out…

I don’t feel like I really need this protection for the Jan 2018 short calls anymore so will aggressively try to unload this by selling a covered call slightly in the money.

Sold SVXY MAY 26 2017 137.0 Call @ 4.85

Still make a couple bucks with breakeven of 135.10

$GILD #ShortPuts – Bought to…

$GILD #ShortPuts – To avoid assignment, bought to close GILD May 19 2017 65.0 Puts @ 0.41 that I had sold for 1.40 in Feb.
#Rolled down to next month’s GILD Jun 16 2017 62.5 Puts @ 0.67 (for a 0.26 credit on the roll).
Dropped the strike price 2.5 points and avoided assignment on this #FallingKnife trade.

$NUGT #CoveredCalls – Bought to…

$NUGT #CoveredCalls – Bought to close NUGT May 19 2017 35.0 Calls @ 0.70 that I sold last Friday for 1.43.
#Rolled up to next week’s NUGT May 26 2017 36.0 Calls @ 1.42 (for a 0.72 credit on the roll).
Raised the strike price a point.

$SVXY

I will have limited market access today, so rolled my SVXY May 19 $148 puts mostly into June 2 $133.5 puts, also some Jun 9 $95’s and Jun 16 $90’s to get a credit.

Made this trade late yesterday, didn’t have a chance to post.

SVXY roll

BTC May 19, 150 put and sold June 16 145 put for a credit of 1.08

I think the rest of my short puts will expire at zero today but, we will see.

NVDA looks poised for another…

NVDA looks poised for another run at all-time highs
I’m glad I wasn’t filled at on my order for a neutral iron butterfly on ADSK. Too the moon!