#SPXcampaign Sold to Open $SPX June 23rd 2325/2300 put spreads for 1.35.
Monthly Archives: May 2017
SPX chart is updated
#SPXcampaign So much excitement it took two links to fit it all in. Be sure to click “Home/REFRESH” above to update right-column features.
$TRIP #ShortPuts #FallingKnife – Sold…
$TRIP #ShortPuts #FallingKnife – Sold 1 TRIP Jan 16 2018 30.0 Put @ 1.25 with the stock at 39.84
GOOGL and AMZN
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
#vxxgame
$SVXY STO 6/30 95 puts @ .90 Thank you @jsd501
#spxcampaign
Long Call Spread Experiment
Closed partial position covering initial cost
$SPX STC 5/26 2410/2430 @ 7.20 BTO @2.95 Nicely done @jeffcp66
#spxcampaign
$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
SVXY
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.
Yesterday:
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.
SVXY
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…
#xle
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.
$UVXY
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.
EWZ
BTO January 2019, 20 calls at 15.50. I will sell weekly calls against the position.
Roll or close?
Hey guys, quick poll. I have a TSO position that was assigned at 87.5. After 11-12 weeks of rolling (lost count) have the cost basis down to 77 and change. Currently short the 83 calls and stock at 83.09 so should be assigned at end of week.
I can A. roll the calls for more cash, right now generating about 1 dollar a week per contract
B. Get assigned and the cash will free up a ton of margin for other trades
I am profitable either way but right now I am not seeing a lot of premium in other names, especially on the weeklies. I am leaning towards B but have not really been able to find a weekly with the same premium.
Thoughts or anyone else seeing good premium in weeklies that I have overlooked?
One Closed For A Nickel
#spxcampaign
Closed Early
$SPX 5/26 2465/2440 BECS 99% profit
Upside Warning, SPX all-time closing high
#VIXIndicator As if we needed more confirmation that this market is bullish.
$NUGT $DUST combo platter for Friday.
I’m short some NUGT 36.0 Calls(Covered) and some DUST 29.0 Puts for Friday.
I will have to ride both positions into Friday’s close to see which positions expire and which I need to cover or roll. Should be interesting.
$TSCO #ShortPuts #FallingKnife – Sold…
$TSCO #ShortPuts #FallingKnife – Sold 1 TSCO Jan 19 2018 45.0 Put @ 1.40 with the stock at 52.95
$SVXY – it’s looking like…
$SVXY – it’s looking like the SVXY Puts at 148 that I rolled down last Friday to 145 for this week will expire. Of course I could have taken the stock and done OK too.
$VIX now at 9.93.
NUGT DUST combo platter
#PairsTrade #ShortCalls – The July meal is starting to digest so back to the buffet for December…they both can’t lose!
Selling the highest available strikes:
Sold DUST DEC 15 2017 50.0 Call @ 3.90
Sold NUGT DEC 15 2017 58.0 Call @ 4.30
$DUST #ShortCalls – DUST reversed…
$DUST #ShortCalls – DUST reversed lower this afternoon after a morning rally.
Bought to close DUST Jun 16 2017 51.0 Calls @ 0.05. Sold on 04/25/17 at 1.15
Bought to close DUST Jun 16 2017 49.0 Calls @ 0.05. Sold on 04/26/17 at 1.25
Closed out 3 1/2 weeks early. I still have Jun 2 49.0 Calls and Jun 16 65.0 Calls that I’m letting expire.
Fed Minutes just released
Fed Minutes just released
Volatility plunging
#VIXindicator After the shortest Downside Warning ever, today we should have an Upside Warning fire. These warnings are less powerful when we are already so close to recent highs, and in this case all-time highs. Although SPX is wavering, VIX is dropping and SVXY soaring. Dow and Nasdaq a bit stronger than SPX. RUT is down.
EWZ
#LongCallDiagonals – Really trying to keep the front month calls out of the way on this thing. It’s at resistance so may pull back but playing it safe. I’ll look for something higher to sell.
Bought to Close EWZ MAY 26 2017 35.5 Calls @ .37 (sold for .61)
EWZ
#PerpetualRollingStrangles – I’ve got a couple of directional positions on already. This one is a little more neutral. Low margin and nice return. One of the highest IV rank stocks on the Tastyworks list.
Sold EWZ JUN 30 2017 32.0/38.0 Strangles @ 1.12
STO Jun 16 TSO 80 puts at 1.03.
small account only 3 contracts.
EWW
#PerpetualRollingStrangles – Slow and steady…
Bought to Close EWW MAY 26 2017 51.5 Puts @ .04 (sold for .75)
Sold EWW JUN 16 2017 52.0 Puts @ .74
These types of positions are working so well in GLD and TLT I’ll probably be adding EWZ and XLE at some point…
$DUST #ShortPuts #IRA – Bought…
$DUST #ShortPuts #IRA – Bought to close DUST Jun 16 2017 18.0 Puts @ 0.05. They won’t trade any lower and it releases cash 3 1/2 weeks early in the IRA.
Originally sold at 1.15 and again at 1.45 on 3/15/17.
$RL #ShortPuts #FallingKnife – Sold…
$RL #ShortPuts #FallingKnife – Sold 1 RL Oct 20 1017 55.0 Put @ 1.20 with the stock at 66.79
$TRIP #ShortPuts #FallingKnife – Sold…
$TRIP #ShortPuts #FallingKnife – Sold 1 TRIP Dec 15 2017 32.0 Put @ 1.35 with the stock at 40.26
$TSCO #ShortPuts #FallingKnife – Sold…
$TSCO #ShortPuts #FallingKnife – Sold 1 TSCO Oct 50.0 Put @ 1.75. You could do better now.
$ALXN #ShortPuts #FallingKnife – sold…
$ALXN #ShortPuts #FallingKnife – sold these this morning with the stock at 101.0
Sold 1 ALXN Nov 17 2017 80.0 Put @ 3.40
Sold 1 ALXN Nov 17 2017 70.0 Put @ 1.60
TRTN
#ShortPuts #BuyWrite $TRTN Buy-Write July 21 30 call shares @ 29.65 , BE 27.97, profit 203, ex-div .45 on May 30, record date June 1, pay June 22. Also have working TRTN STO Oct 20 25 put 30% profit opened May 19.
STZ
STO October 150 put @ 2.35
STO WDC Jun 16 95 C for 0.95.
This covers my stock again. Have been selling-buying these with the steady upward momentum of WDC since first getting into this stock in Febuary. Cost basis of my stock now down to 74.32.
Love this stock, but also love lowering the cost basis this way.
NVDA call
SPX trades yesterday
#SPXcampaign One reverse-roll, one forward-roll, and one standard spread:
Stopped: bought to close SPX May 30th 2405/2430 call spreads for 4.10. Sold for 2.10 on May 17th.
#ReverseRoll: Sold SPX June 5th 2375/2350 put spreads for 2.85, 1.5x position size
Stopped: bought to close SPX June 15th 2430/2455 call spreads for 3.80.
#Rolling: sold SPX June 23rd 2445/2470 call spreads for 2.70, 1.5x position size
Sold to Open SPX June 23rd 2290/2265 put spreads for 1.35
ALXN #FallingKnife Sold $ALXN Jan…
ALXN #FallingKnife
Sold $ALXN Jan 19 60 puts @ 1.20. Lowest strike.
Expecting MOMO Momentum to Return
#shortputs
$MOMO STO 6/16 40 put @2.00
AZO put
#Earnings Sold $AZO Sept 480 put for 3.70. Lowest strike.
Today’s Recap (I am not in the ZONE!!! Because I am Short AZO Puts:-})
#spxcampaign
$SPX BTC 5/26 2270/2320 BUPS @ .15 94% profit
$spx BTC 5/26 2270/2320 BUPS @1.40 55% profit
#spxcampaign
$SPX STO 6/23 2475/2450 BECS @1.95 Thank you Jeff
#shortcalls
$LABU STO 6/16 48 call @3.20 (Covered)
$TRIP #ShortPuts #FallingKnife – Sold…
$TRIP #ShortPuts #FallingKnife – Sold 1 TRIP JAN 19 2018 30.0 Put @ 1.15
$AZO #Shortputs #FallingKnife – another…
$AZO #Shortputs #FallingKnife – another leg down to 580 and these filled
Sold 1 AZO DEC 15 2017 430.0 Put @ 4.30
Sold 1 AZO SEP 15 2017 480.0 Put @ 3.50.
Both are the lowest available strike prices
$ALXN #ShortPuts #FallingKnife – Sold…
$ALXN #ShortPuts #FallingKnife – Sold 1 ALXN Nov 17 2017 75.0 Put @ 2.10 with the stock at 104.75
#ironbutterfly SPX Followed from TT…
#ironbutterfly SPX
Followed from TT Aug. 18 2310/2390/2390/2475 for 60.00, 2475 margin.
SVXY
STO June 30, 95 put @ 1.05
STO July 21, 90 put @ 1.35
STO July 21, 85 put @ 1.10
RL
STO January 50 put @1.09, hat tip to Iceman for the idea.
AZO put
#Earnings Sold $AZO june 16th 560 put for 2.35. Selling around my threatened 610 puts, in case I need to roll.
$MYL #CoveredCalls – Sold MYL…
$MYL #CoveredCalls – Sold MYL Jan 19 2018 50.0 Calls @ 0.64 With the stock at 39.50
$AZO #ShortPuts #FallingKnife – Sold…
$AZO #ShortPuts #FallingKnife – Sold 1 AZO SEP 15 2017 480.0 Put @ 2.30. Lowest available strike price.
$RL #ShortPuts #FallingKnife – Sold…
$RL #ShortPuts #FallingKnife – Sold 1 RL JAN 19 2018 50.0 Put @ 1.25 with the stock at 67.71
TRIP #FallingKnife Sold $TRIP Jan…
TRIP #FallingKnife
Sold $TRIP Jan 18 30 puts @ 1.10 with the stock at 40.76
Yesterday STO JUN 17 2017…
Yesterday STO JUN 17 2017 600/610/720/730 Iron Condor @ $1.53.
Today closed 720/730 arm @ 0.05 leaving 600/610 arm then.
STO JUN 16 2017 550/560/640/650 IC @2.01
$ALXN #ShortPuts #FallingKnife – Sold…
$ALXN #ShortPuts #FallingKnife – Sold 1 ALXN Nov 17 2017 70.0 Put @ 1.50 with the stock at 103.26
ALXN #FallingKnife Sold $ALXN Nov…
ALXN #FallingKnife
Sold $ALXN Nov 17 70 puts @ 1.30 with the stock at 105.06
$DUST #coveredcalls STO Dec 15…
$DUST #coveredcalls
STO Dec 15 $40 calls for $4.80. I’m hoping this will be assigned for a 35% ROI, stock at 28.13, my basis higher about $34.25
AZO
STO 1 October 20, 550 put @ 15.00
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…
#spxcampaign
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.
VIX
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.
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