Both stocks pushed for 1000 today but fell short. Probably an expect more push tomorrow which should keep the market buoyed. FB, NFLX, and AAPL also strong.
$SVXY #ShortPuts – Sold SVXY Jun 2 2017 120.0 Puts @ 0.42. Expires a week from tomorrow with the strike below last week’s trough low.
edit: Also Sold SVXY Jun 2 2017 119.50 Puts @ 0.42.
And the strike prices are below both the April low and the May low
Making a nice comeback, close to getting some people out of trouble and it’s still May
BTC Jun 9 WDC 83.5 put at 0.38. Sold on Monday for 0.70. Market gave a gift and I will take it to free up some more margin.
I had a trade today.
STO July 21, 90 put @ 1.27 on 1 contract.
#SPXcampaign $SPX Long list:
Closed for 80-90% of max profit:
June 9th 2255/2235 put spreads for .20
June 2nd 2320/2295 put spreads for .25
May 31st 2360/2335 put spreads for .20
May 30th 2370/2345 put spreads for .20 (on this one I closed some shorts-only for .65 and left the long puts; since my account is heavier on short put spreads, long puts are favorable to margin)
Stopped: June 2nd 2410/2435 call spreads for 8.60. Sold in a #CondorRoll for 4.90 last Thursday.
#ReverseRoll: Sold May 30th 2420/2395 put spreads for 9.25. First time I’ve tried this: ITM put spread above all-time highs, when SPX was at 2411.
#ReverseRoll for previously stopped spreads: Sold May 26th 2415/2390 put spreads; expire tomorrow (hopefully).
Stopped: June 23rd 2450/2475 call spreads for 4.35. Sold for 1.70 on Monday. (not yet rolled)
Stopped: June 23rd 2445/2470 call spreads for 4.65. Sold for 2.70 on Tuesday.
#CondorRoll: Sold June 30th 2315/2340/2470/2495 condors for 4.55
And for a standard weekly spread: Sold June 23rd 2465/2490 call spreads for 1.85
#SPXcampaign $SPX My apologies for posting trades late. It has been a hectic week after being head-faked on the 17th. Since the Upside Warning I have been aggressively getting long for the short-term.
Closed June 2nd 2290/2265 put spreads for .20. Sold for 1.40 on May 2nd.
Stopped: June 7th 2400/2425 call spreads for 9.00. Sold for 4.10 on May 17th.
Stopped: June 9th 2415/2435 call spreads for 5.30. Sold as part of a #CondorRoll for 3.10 on May 17th.
#LongCallSpread: Bought May 31st 2425/2445 call spreads for .80. Designed to take advantage of the possible strong move up after the Upside Warning fires. So far, so good today.
I’ll post today’s trades in a bit.
#shortstrangles borderline falling knife trade with oil down 4+% today.
STO /CL 41.5/57 Aug 17 (53 DTE) strangles at 0.41. Can only do this in margin account.
I have been doing these but have not been posting because the risk is up there but everyone here knows what they are doing so I will start sharing some of them. I only trade as many contracts as I have cash to cover a sustained move by either going long or short the future same # of contracts as options I sold. Currently $3000-4000 margin for each contract. You can also roll options but because of contract changes cannot always roll directly.
I start managing about 2-3 weeks after putting them on. There was a study a few years back that showed delta 8 options in oil decay almost 50-80% in 30 days from 60 days out. Can usually close around 30-50% profit in 3 weeks. As we all know, oil can move so these are positions you have to watch. I will first roll untested side and if that does not cover the move then add the future for some hard deltas. When you have a big move you can profit from both the option decay and the future movement and get a nice pop in your equity curve.
#ContangoETFs Closed up a few with decent profit to clear the slate for new sales. Focussed mostly on short calls on both; puts riskier in these downward racing dogs.
BTC DUST June 9th 47 calls for .05. Sold for 1.25 on Apr 27th
BTC DUST June 16th 24/47 strangles for .65. Sold for 2.85 on Apr 26th
BTC NUGT June 16th 51 call for .16. Sold for 1.05 on May 17th
BTC $SVXY Sep 15 55 puts @ .45, STO Feb 21 @ 2.30 with 113 DTE and using an 80% profit target, closing trade to look for more Volatility!? Like the rest of us, this ticker was a major $$maker for me last year, but now it sucks up major cash security for lower yield in IRA account. Still have a couple of juicy New Year positions left though.
Here is a little tidbit of an article on “Decision Fatigue” you’ll finish it before any Volatility
comes back… http://www.safalniveshak.com/latticework-mental-models-decision-fatigue/
We need some Volatility, this is boring and having trouble finding good trades to sell premium! Even /ES right now delta 8 call 36 DTE is paying only 0.95 and at the low levels of vol do not want to sell puts on /ES or anything vol. related at the moment.
BTC 5/26 TSO 81 and 80.5 puts for 0.03 and 0.05, sold at 0.58 and 0.60
STO 6/2 WDC 87.5 and 87 puts for .60 and 0.59
Hopefully the TSO positions will all be assigned tomorrow and free up a boat load of cash for other trades on Monday.
Looking at efficiency your SVXY trades may be the most capital efficient especially after a vol. spike. Any of the contango ETFs should be good, thanks for introducing me to those trades!
btc xle May 26 call $69.oo @ .05 had sold for .38 and .40 ( on open of cash session)
cost basis 72.23
waiting for next up tick to sell again.
BTC Jun 2 $27.5 call @ $0.02, sold for $0.37
Have more orders in to close next weeks options for pennies, we’ll see how many get filled.
SKEW at 123 confirming Jeff’s Upside Warning in effect
STO June 2 36 call @.54 against my 2019 20 calls.
The #VIXindicator has been updated. Accordingly, we’re looking to open at new all-time highs on SPX. I have been rolling call spreads back into put spreads.
Click “Home/REFRESH” above to keep right-column features updated.
BTO January 2019, 20 calls at 15.50. I will sell weekly calls against the position.