$TRIP #ShortPuts #FallingKnife – Sold…

$TRIP #ShortPuts #FallingKnife – Sold 1 TRIP Jan 16 2018 30.0 Put @ 1.25 with the stock at 39.84


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…

$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

#earnings AZO Making a nice…

#earnings AZO
Making a nice comeback, close to getting some people out of trouble and it’s still May

BTC Jun 9 WDC 83.5…

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.

SPX Campaign and VXX Game

$SVXY STO 6/30 95 puts @ .90 Thank you @jsd501

Long Call Spread Experiment
Closed partial position covering initial cost
$SPX STC 5/26 2410/2430 @ 7.20 BTO @2.95 Nicely done @jeffcp66

$SPX STO 5/26 2390/2410 BUPS @ 1.30 Thank you @jeffcp66
$SPX STO 5/31 2395/2420 BUPS @ 7.05 (Smaller position than normal) Thanks @jeffcp66


I had a trade today.

STO July 21, 90 put @ 1.27 on 1 contract.

SPX trades today:

#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


SPX trades yesterday

#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.

#ReverseRoll: Sold June 14th 2390/2365 put spreads for 5.00.
#ReverseRoll: Sold June 16h 2390/2365 put spreads for 5.40.

#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…

#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.

Cheer, Chris

NUGT and DUST closures (+ one for FB)

#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

#Earnings #CoveredCalls #StockTrades
STO FB June 16th 150 call for 3.75. #Rolling for 100 shares I plan to keep longer term, as practice in managing covered calls on an up trending stock.


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/

Trade safely.

$HP – New #FallingKnife candidate

$HP $DVN $DO $SWN – New #FallingKnife candidates
#OIL must be crashing the way that Oil and Gas producers and drillers are acting.

Can the SP500 still rally if the energy stocks are falling? Can AMZN FB AAPL NFLX GOOG keep it going all by themselves

We need some Volatility, this…

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…

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!

#xle btc xle May 26…

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…

SKEW at 123 confirming Jeff’s Upside Warning in effect

EWZ covered call

STO June 2 36 call @.54 against my 2019 20 calls.

Upside Warning in effect

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.