The Downside Warning was canceled…

The Downside Warning was canceled on Monday

$QCOM #ShortPuts – Bought to…

$QCOM #ShortPuts – Bought to close QCOM JUN 16 2017 45.0 Puts @ 0.01. They won’t trade any lower and still have a month to run.
Originally sold on 01/30/17 at 0.92

$XOM #ShortPuts – Bought to…

$XOM #ShortPuts – Bought to close XOM JUN 16 2017 70.0 Puts @ 0.01. They won’t trade any lower and still have a month to run

#spx expected move this week…

#spx expected move this week
this week in red.last week green.


#spxcampaign All puts btc today…

All puts
btc today 2245/2200 @.75
btc 2290/2265 @ .50
btc 2240/2215 @ .75
btc 2250/2230 @ .55
had sold all for 1.50
reason had btc set at .20 but friday wanted out as we are going on vaca later in week and had forgot to reset over weekend back to .20/
still brought in money…just cuddda bee more…

Closing more UVXY calls

Bought to close $UVXY Sep 15 60 calls @ .30. Sold for 4.00 on 2/16.


The VIX is trying to close below 10.00, I hate it when that happens.

Econ Calendar for week of 5/22/17

Sorry I forgot to post this morning. Don’t forget to periodically click “Home/REFRESH” above to keep features on Bistro updated.
Screen Shot 2017-05-22 at 12.23.41 PM

SPX trades today

#SPXcampaign Sold $SPX June 23rd 2450/2475 call spreads for 1.70.
Closed SPX May 26th 2300/2275 put spreads for .20. Sold for 1.40 on Apr 28th.

Got stuck having to #ReverseRoll a double-sized position into calls last Wednesday, and had to stop out of them today. So I sold an #IronButterfly, or an #IBroll. This allows me to cut my position size in half, and spreads the risk more moderately in both directions rather than heavily in one direction. I will look to close each side when they get cheap, and if I’m stuck with either side significantly ITM a week before expiry, I will do an #ITMroll.

Stopped: closed SPX May 31st 2390/2415 call spreads for 9.35. Sold for 4.80 last Wednesday.
#IBroll: Sold June 7th 2365/2390/2415 iron butterflys for 18.10.

AAOI selling puts on a rocket ship

Not my typical strategy, but I thought I’d try to get long the stock a couple of weeks ago so I sold some (at the time) near the money 55 puts in June. Those look like they will expire. I may or may not take them off but I’m adding July 55 puts for 2.00. My plan is to take this stock if assigned, not to roll out. I’ll keep trying until I get assigned. In the meantime…

AZO earnings

#Earnings The old reliable $AZO…
Sold to Open AZO June 16th 610/720 strangles for 4.75. Over last 12 reports, the 21-DAY MOVES of AZO: Biggest UP move: 7.5%, Biggest DOWN move: -3.3%, Average move: 2.4%. My strikes are 8.3% OTM.


Closing some June UVXY

Taking some risk off for almost full profit into the volatility contraction.
Bought to close:
$UVXY Jun 2 40 calls @ .04. Sold for 1.50 on 4/18
$UVXY Jun 16 50 calls @ .04. Sold for 1.80 on 4/13
$UVXY Jun 16 60 calls @ .04. Sold for 4.00 on 1/30


NUGT calls

Highest strike in September.
Sold $NUGT Sep 15 58 calls @ 2.60.

WFM straddle

Sold $WFM Jun 16 36 straddle @ 1.80 with the stock at 36.36. Breakevens at 34.20/37.80.

#coveredcalls LULU Good morning. Sold…

#coveredcalls LULU
Good morning. Sold June 9, 54 call for 1.00

STO June 16 WDC 82.5 puts at 1.07

STO June 9 WDC 83.5 puts at 0.90
Reestablishing put ladder. I actually did not think they would go through, gapped up this morning but on pullback the orders auto filled.

$DUST #ShortCalls – Bought to…

$DUST #ShortCalls – Bought to close DUST Jun 16 2017 53.0 Calls @ 0.05. It won’t trade any lower
Closed out a month early. Originally sold on 05/04/17 at 1.20

ISRG beast mode

#ShortStrangles – Nearly a 20 percent move in a month. Pretty impressive. Making a small adjustment…

Rolled this week’s 865 put up to 880 @ 4.00 credit
Rolled Jun 30th 862.5 call up to 867.5 @ 3.70 debit

Preserves my original premium in this week’s put sale while easing the ITM call up a little…

$SVXY #ShortPuts Rolled my May…

$SVXY #ShortPuts Rolled my May 26th 107 P up to May 26th 130 Put for 0.61 credit. Only 1 contract in a small Roth so trying to scalp a bit more. There was only .12 left on the 107 so it seemed like a reasonable thing to do.


#SPXcampaign   Bought to close my May 26th 228/2300 BuPS @ 0.15 off a GTC order.  Originally sold for 0.80 on 5/5.  I need to put on new positions with this method but am reluctant to come out of my fox hole.

$VIX – looks to be…

$VIX – looks to be headed back to 10


Volatility getting crushed this morning.
STO SVXY May 26 $130 puts @ $0.80, at last weeks low