XIV stock

#LongStock – Missed posting this scalp earlier Friday:

Sold XIV stock @ 84.60 (bought for 82.57)

Weekend volatility reading…

Kind of interesting reading if you’re bored…have to enter an email and a name to download.

https://vixcontango.com/Site/DownloadWhitePaper

This caught my eye:

Liquidation (Unexpected Overnight Volatility Spike) If the VIX futures jump more than 80% in a day, the prospectus of the Short Volatility ETN (XIV) stipulates that Credit Suisse may terminate the instrument. While this has not happened yet while XIV has been around, it is a feasible scenario. If the XIV had been around for the October 19th, 1987 Black Monday market crash that saw the S&P 500 lose in excess of -20% in one day, the XIV would almost certainly have been bankrupt on that day. But even without bankruptcy, the XIV can experience dramatic one day losses. An example of that was during the British European Exit Referendum in June of 2016 (Brexit) when the S&P 500 dropped -5% overnight due to the unexpected result. The VIX spike was very big that day because market participants weren’t positioned correctly. As investors rushed to buy systemic market hedges (SPX put options), the VIX jumped 49.3% resulting in the biggest daily drop for the XIV ever of -26.8%. Historically, the VIX has had 4 days with spikes over 50% with the maximum spike of 64% ever recorded happening on February 27th, 2007 when there was massive selloff on the Shanghai exchange which spilled over into the US markets. Unimaginable events such as a sudden nuclear explosion in a major market center could cause an even bigger VIX spike thus putting an unmanaged short volatility strategy and the XIV at a significant liquidation risk.

$SVXY #ShortPuts – After hours…

$SVXY #ShortPuts – After hours trades as SVXY dipped after 4:00. At least gives me some exposure for the short week next week.
Sold SVXY JUL 7 2017 105.0 Puts @ 0.20
Sold SVXY JUL 7 2017 110.0 Puts @ 0.25
Sold SVXY JUL 7 2017 113.0 Puts @ 0.35
Sold SVXY JUL 7 2017 120.0 Puts @ 0.50

SPX Chart and VIX Indicator have been updated

#VIXIndicator Thursday’s Warning still looks like a possible head fake, but the VIX stayed above the cancellation level today which leaves the possibility of volatility next week.

#OptionExpiration

Popping in after the close to post a few.
Expiring:
$SVXY June 30th 130 Put
Closed $SPX July 7th 2330/2350 BuPS @ 0.20 off a GTC order
Bought to closed $AAOI June 30th 60 Put @ 0.25 this morning. That was a ride.
#ShortPuts
Sold to open July 28th 120 Put @ 2.51.
Have a great fourth all.  Thanks for the support.  I’ll be back on Wednesday.

#OptionsExpiration for 6/30 $NVDA 06/30/2017…

#OptionsExpiration for 6/30
$NVDA 06/30/2017 141 puts
$SVXY 06/30/2017 102 puts
$SVXY 06/30/2017 145 puts
$SVXY 06/30/2017 148 puts

Have a great weekend everyone.

Options Expiration 6/30/17

Happy Half Year everyone! See you on a short trading day Monday.

Only 1 expiration: $MU 27.5/35 strangles, sold yesterday for .87

#OptionsExpiration #Earnings #ShortStrangles

Expiration

$SVXY 95 puts
$SVXY 152 puts
$SPX 2320/2345 BUPS

Have a great weekend.
Enjoy Canadian Independence Day.
Those choosing a loooong July 4th holiday take it easy
Thanks to all the Bistroers and the Major Dome @jeffcp66

#OptionsExpiration #Weeklys #Jun30 – Wow,…

#OptionsExpiration #Weeklys #Jun30 – Wow, what a week. It was supposed to be a light one until a 50% move in the VIX index from 10 to 15 on Thursday created some opprtunities in $SVXY and $UVXY.
With only 3.5 trading days available next week, I don’t expect many fireworks (except on the 4th of course).
No Assignments this week.

— Expirations —
NUGT (Weekly) Jun 30 2017 36 Calls (Covered)

SVXY (Weekly) Jun 30 2017 85 Puts
SVXY (Weekly) Jun 30 2017 90 Puts
SVXY (Weekly) Jun 30 2017 99 Puts
SVXY (Weekly) Jun 30 2017 102 Puts
SVXY (Weekly) Jun 30 2017 137 Puts
SVXY (Weekly) Jun 30 2017 138 Puts
SVXY (Weekly) Jun 30 2017 143 Puts
SVXY (Weekly) Jun 30 2017 144 Puts
SVXY (Weekly) Jun 30 2017 144.5 Puts
SVXY (Weekly) Jun 30 2017 145 Puts
SVXY (Weekly) Jun 30 2017 145.5 Puts
SVXY (Weekly) Jun 30 2017 146 Puts
SVXY (Weekly) Jun 30 2017 146.5 Puts
SVXY (Weekly) Jun 30 2017 147 Puts
SVXY (Weekly) Jun 30 2017 147.5 Puts
SVXY (Weekly) Jun 30 2017 148 Puts
SVXY (Weekly) Jun 30 2017 148.5 Puts
SVXY (Weekly) Jun 30 2017 167 Calls
SVXY (Weekly) Jun 30 2017 170 Calls

TRIP (Weekly) Jun 30 2017 40 Calls (Covered)

UVXY (Weekly) Jun 30 2017 10.5 Calls (Covered)
UVXY (Weekly) Jun 30 2017 11 Calls (Covered)
UVXY (Weekly) Jun 30 2017 11.5 Calls (Covered)
UVXY (Weekly) Jun 30 2017 12 Calls
UVXY (Weekly) Jun 30 2017 12.5 Calls
UVXY (Weekly) Jun 30 2017 13 Calls
UVXY (Weekly) Jun 30 2017 22 Calls

SPX trades

#SPXcampaign Sold to Open $SPX July 17th 2365/2390/2460/2485 condors for 5.10, as a #CondorRoll from the put spread which I got flushed out on this morning.

#ITMroll Closed July 3rd 2415/2440 call spreads for 15.15. Sold for 7.40 yesterday on whipsaw action.
Rolled to July 21st 2425/2450 call spreads for 14.10. Also added July 21st 2335/2310 put spreads for 1.20.

$SVXY #ShortPuts – Sold SVXY…

$SVXY #ShortPuts – Sold SVXY Jul 7 2017 113.0 Puts @ 0.30. Margin free since the puts are farther out of the money than my short calls. Three and a half days until expiration in a short trading week.

OptionsExpiration

Been gone I think 3 out of the last 4 Friday’s.
SVXY $95 puts
SVXY $102 puts
SVXY $145 puts
SVXY $148.5 puts
UVXY $ $22 calls

Have a great holiday everybody.

Kelly

Expirations and assignments

SVXY 167 put, will be assigned 100 shares against my short call positions. I took one for the team and it worked. I look forward to Monday even though it will be a half day.

EWZ 34.5 calls against my  2019, 20 call position

SVXY 145 puts, 95 puts, 94 puts,93 puts,90 puts, 85 puts

#shortstrangles X sold an August…

#shortstrangles X sold an August 18 18/27 strangle for 1.43

#earnings LULU On March 29…

#earnings LULU On March 29 I sold a 66 strangle but bought some protection in the form of a 60 put ( a call spread as well). LULU tanked but after selling calls and a couple puts I say bye bye LULU at 54 with a cost basis of 52 ( 7 points below LULU today). I declare victory.

Short Puts and SPX Campaign

$SVXY STO 7/7 140 put @ 1.25 and @1.50
$SVXY STO 7/14 150 put @ 2.70
$SVXY STO 7/14 145 put @ 2.30
$SVXY STO 7/21 130 put @ 2.05

#spxcampaign
Closed Early
$SPX BTC 7/14 2495/2470 BECS @ .70 STO @ 2.80 on 6/23
$SPX BTC 6/30 2390/2415 BUPS @ 93% profit

ILMN puts

Not much of a #FallingKnife, more like a stumbling knife, but I like to have short premium in this stock whenever the opportunities arise. So…

Sold $ILMN Jan 19 115 puts @ 2.00 with the stock at 173.89

Strike price is below the 3 1/2 year low in the stock (119.37 in December ’16)

Lightening up on ALXN

I got pretty heavy in short puts during the big swoon in May. Taking a couple of positions off for a good profit, just to reduce a bit of exposure.
Bought to close:
$ALXN Aug 18 95 put @ .45. Sold for 2.60 on 3/9.
$ALXN Nov 17 80 put @ .90. Sold for 3.40 on 5/24.
My remaining positions:
Nov 70 puts
Jan 85 puts
Jan 60 puts

SVXY

STO July 7, 159 put @4.30 to offset my January 210 call @11.05

SVXY

STO January 2018, 210 call @11.05

$UPS #ShortPuts #FallingKnife – Bought…

$UPS #ShortPuts #FallingKnife – Bought to close UPS Jul 21 2017 85.0 Puts @ 0.01. They won’t trade any lower and the options don’t expire for 3 weeks.
Sold the first batch at 0.66 on 2/1/17 and sold the 2nd batch at 0.82 the same day.
The stock must have been collapsing that day but the 52 week low was 102.12 in mid-May so these were never threatened.

WYNN

#ShortStrangles – Still selling weeklies against some slightly ITM short calls…

Rolled WYNN JUN 30 2017 135.0 Puts to JUL 7 2017 135.0 Puts @ 1.50 credit

SVXY

STO Jul 7 $140 put @ $1.70, below yesterday’s low

$UVXY #ShortCalls #Weeklys – in…

$UVXY #ShortCalls #Weeklys – in a new account, initiating new UVXY positions, very small, while looking for options trading above 1
Sold 1 UVXY Jul 28 2017 12.o Call @ 1.09
Sold 1 UVXY Aug 4 2017 14.o Call @ 1.06

SPX puts closed

#SPXcampaign Bought to close $SPX June 30th 2425/2400 put spreads for 5.00. Had to bail as the trickle down will not stop trickling. Sold for 3.20 on June 20th.

$NUGT #ShortPuts #OptionLadder – in…

$NUGT #ShortPuts #OptionLadder – in an account with a large $DUST short Put position I sold the following
Sold 1 NUGT Jul 14 2017 28.0 Put @ $1.07
Sold 1 NUGT Jul 21 2017 27.0 Put @ $1.14
Sold 1 NUGT Jul 28 2017 26.0 Put @ $1.22

$SVXY #ShortCalls – Sold 1…

$SVXY #ShortCalls – Sold 1 SVXY Sep 15 2017 205.0 Call @ 2.67 with the stock at 162.60

SVXY puts closed

#VXXgame BTC $SVXY June 30th 148 puts for .10. Sold on Tuesday for .75. Just staying clear of any intraday collapse.

STZ earnings closed

#Earnings Bought to close $STZ July 21st 170 puts for .10. Sold Wednesday for 1.15.

A Tiring Futures Day

#futures

i hit it hard today, on Both the YM and ES..a tiring day…from 7am – 1pm..

Combined trades netted 1325 points..

My best ever trade day…Taking tomorrow off..

Cheers..

$SVXY #ShortCalls – late fill…

$SVXY #ShortCalls – late fill after the close with the stock at 161:
Sold 1 SVXY Jan 18 2019 210.0 Call @ 32.65

$SVXY #ShortPuts #OptionLadder – not…

$SVXY #ShortPuts #OptionLadder – not going too far past the split date. I’ll let these expire.
Sold SVXY JUL 21 2017 80.0 Puts @ 0.43
Sold SVXY JUL 28 2017 80.0 Puts @ 0.83
Sold SVXY AUG 4 2017 80.0 Puts @ 1.15
SVXY AUG 18 2017 70.0 Puts @ 1.40

$SVXY

#ShortPuts Bought to close June 30th 115 Put @ 0.05.  Free up the capital in this Roth for a potential retracement tomorrow.

$SVXY #ShortCalls – Given my…

$SVXY #ShortCalls – Given my exposure for tomorrow in the SVXY puts, on the bounce back in SVXY I sold the following:
Sold 1 SVXY Sep 15 2017 205.0 Call @ 2.47
Sold 1 SVXY Dec 15 2017 205.0 Call @ 9.95
Sold 1 SVXY Jan 18 2019 210.0 Call @ 31.55

SPX bonanza

#SPXcampaign $SPX I’m concerned we may have had another head-fake Downside Warning today… that would be two in a row and time to reassess the mechanics of the signal. I made many trades, some reverse-rolls and some standard rolls. I also clung onto to June 30th 2425/2400 put spread, which may be able to expire tomorrow. Here are my trades in order of execution:

Closed yesterday (but roll not filled): July 5th 2410/2435 call spreads for 20.85. (had planned to sell roll on any move up today, but didn’t get one)

Today:
Closed on GTC order: July 14th 2485/2510 call spreads for .20, with SPX at 2421.

#ITMroll: Sold July 12th 2395/2420/2445 #IronButterfly for an #IBroll of ITM spread above. Since I missed my chance to roll to new calls, chose to take this route and will roll the losing side. This got me 10 points higher on the call side.

Sold July 28th 2315/2290 put spreads for 1.50, with SPX at 2420. Standard weekly spread.

STOPPED: July 5th 2405/2380 put spreads for 5.40, with SPX at 2412.
#CondorRoll: Sold July 12th 2335/2360/2445/2470 condors for 5.75, w/SPX at 2412.

STOPPED: July 3rd 2430/2405 put spreads for 12.45, with SPX at 2409.
#ReverseRoll: Sold July 3rd 2415/2440 call spreads for 7.40, and July 14th 2440/2465 call spreads for 5.30.

Sold July 28th 2480/2505 call spreads for 1.40, with SPX at 2413. Standard weekly spread.

Closed on GTC order: July 20th 2500/2525 call spreads for .20, with SPX at 2414.

STOPPED: July 20th 2360/2335 put spreads for 2.90.
#Rolling: Sold July 26th 2340/2315 put spreads for 2.05, 1.5x position size, w/SPX at 2418.

STOPPED: July 3rd 2410/2385 put spreads for 5.60, w/SPX at 2412
#CondorRoll: Sold July 10th 2350/2375/2445/2470 condors for 5.60, w/SPX at 2419

$SVXY #ShortPuts #IRA #OptionLadder -…

$SVXY #ShortPuts #IRA #OptionLadder – in some IRA accounts that still had a little unused cash –
Sold SVXY JUN 30 2017 137.0 Puts @ 0.35 – Expires tomorrow
Sold SVXY JUL 21 2017 111.0 Puts @ 1.60
Sold SVXY JUL 21 2017 107.0 Puts @ 1.30
Sold SVXY JUL 28 2017 90.0 Puts @ 1.09

$SVXY

Afternoon all  Hope your day is going well.  #ShortPuts  I was able to pop in between distractions and sold to open July 21st 110 Puts @ 2.35 with $SVXY @ 147.13.  This was a few minutes after the low of the day.  I feel very lucky.  Hope it lasts.

#earnings MU Sold a July…

#earnings MU
Sold a July 21 26/37 strangle for 1.06, earnings are tonight

SVXY

STO January 2018, 235 call @ 6.20 on 1 contract. Adding to the position.

MU earnings

#Earnings Sold to Open $MU June 30th 27.5/35 strangles for .87, when MU was at 31.58. Biggest UP move: 12.7%, Biggest DOWN move: -18.2%, Average move: 6.0%. These strikes are -12.9% and +10.8% OTM

$UVXY #ShortCalls #VXXGame #OptionLadder -…

$UVXY #ShortCalls #VXXGame #OptionLadder – added on to all these positions today –
Sold UVXY Jun 30 2017 12.5 Calls @ 0.36 – expires tomorrow
Sold UVXY Jul 7 2017 18.0 Calls @ 0.27
Sold UVXY Aug 18 2017 23.0 Calls @ 1.11
Sold UVXY Sep 15 2017 60.0 Calls @ 0.67
Sold UVXY Dec 15 2017 37.0 Calls @ 1.93
Sold UVXY Jan 19 2018 60.0 Calls @ 1.38
Sold UVXY Jan 18 2019 60.0 Calls @ 2.10

$SVXY $UVXY – too many…

$SVXY $UVXY – too many trades to post. I’ll post “the best of” later.

At the peak of 15.16, the VIX index was up 50% today

$DIA #CoveredPuts Sold these against…

$DIA #CoveredPuts
Sold these against more short position in this ticker:
$DIA Aug 18 205 puts @ 1.56.

$UVXY

STO UVXY Jul 7 $17.5 calls @ $0.32

Staying very small right now because of the downside warning. We’ll see if tomorrow brings a bounce higher into the weekend/short holiday week or not.

Downside Warning fired

#VIXIndicator Look for further weakness in the market in coming days or weeks.

SVXY

#IRA #LongCallDiagonals – Whiz style…was gonna do this after the split but taking advantage of the pullback now. One quarter position size just in case the drop accelerates.

Bought SVXY JAN 18 2019 150.0 Call @ 50.53
Sold SVXY JAN 18 2019 100.0/80.0 Bull Put Spread @ 7.03

And:

Sold SVXY JUL 14 2017 165.0 Call @ 3.00

Total position is a net debit of 40.50 with 81 weeks to run…need to collect .50 per week on the front month calls to breakeven.

SVXY

STO September 65 puts @1.38, adding to my position.

Downside Signal fired

#VIXIndicator VIX has breached 12.54, which is 25% above last night’s close. That fires a downside signal, and cancels upside warning. Next level is 14.06, which would fire a Downside Warning.

Market

Pretty interesting with as weak as the #SPX has been, if you look at $VOLSPD and $VOLQD they just aren’t looking nearly as bearish as you might expect.

SVXY puts

Sold:
$SVXY Sep 15 65 puts @ 1.30
$SVXY Dec 15 50 puts @ 1.40

VIX ticking steadily higher

#VIXIndicator We just passed 12.00 and could hit the 12.54 level, which would be a first signal and end the Upside Warning.

$UVXY #ShortCalls – Sold UVXY…

$UVXY #ShortCalls – Sold UVXY AUG 18 2017 23.0 Calls @ 0.63.
Sold UVXY DEC 15 2017 37.0 Calls @ 1.29.
I was trying to cover some of these but I’m adding a few more for now.
I’ll cover on the next pullback in $UVXY, which could be TODAY… or not

$UVXY #ShortCalls – Sold UVXY…

$UVXY #ShortCalls – Sold UVXY JUL 7 2017 12.5 Calls @ 0.27. Short trading week next week.

#vxxgame

$SVXY #ShortPuts – Sold SVXY…

$SVXY #ShortPuts – Sold SVXY JUN 30 2017 145.0 Puts @ 0.38. These expire tomorrow

#spxcampaign btc 2490/2515 call 7.26.17…

#spxcampaign
btc 2490/2515 call 7.26.17 @ .80 had sold yesterday for 1.90/ 27 days dte no since in waiting, made a dollar and ten.
yeha

#spxcampaign btc 2475/2500 call 7.21.17…

#spxcampaign
btc 2475/2500 call 7.21.17 for .30 had sold for 1.85./ 2 accounts
taking advantage of downdraft today,22 days early.
Can always reload.

CC

STO $CC Aug 18 34 put @ 1.65
This stock has been a good one. If assigned at expiration will start selling calls.

SJM

STO SJM January 2018, 105 puts @1.80 following Iceman.

SVXY

STO 1 contract of the January 2018, 230 call @ 6.40

$XOM #ShortPuts #FallingKnife – Bought…

$XOM #ShortPuts #FallingKnife – Bought to close XOM JUL 21 2017 70.0 Puts @ 0.01.
They won’t trade any lower and don’t expire for 3 more weeks.
Originally sold on 01/31/2017 at 0.80.

$SJM #ShortPuts #FallingKnife – Sold…

$SJM #ShortPuts #FallingKnife – Sold 1 SJM JAN 19 2018 105.0 Put @ 1.80 with the stock at 119.30

MU and NKE earnings today…

MU and NKE earnings today after close. Any trades?

Bunch of trades and efficiency of capital

Rolled SWKS 7/14 105 put to 8/11 103 put for 0.20 credit. Sold for 1.2 but now 7.55 ITM so moving strikes down each week until it bottoms.

STO SVXY 7/7 150 puts at 1.15

Rolled SVXY 6/30 to 7/14 125 put for 0.59 credit.

STO SVXY 7/21 110 put at 1.01

Added week to ladder XBI 8/11 73 puts at 1.09, now have 3 weeks. Add one more week next Thurs. then hopefully start harvesting profits.

I think on IRA accounts the SVXY/UVXY trades may be the most efficient use of capital. On margin accounts probably /CL or /ES but agree with @fuzzball having weeklies makes it much easier to manage trades. With weeklies I have recovered trades that moved 10+% against me. Hard to do that with only monthly expirations.

Hope everyone has a good expiration, I am done trading this week and going to meet friends at the beach for kiteboarding after picking up daughter from camp!

Chris

#SVXY

Morning all  Question on the pending split of $SVXY on July 17th.  How will this effect the options in force after the split.  Will the strike remain the same and the number of shares be reduced to 50, or will the strike be cut in half with the number of shares remaining at 100.  Thanks for your time and I apologize if this is a lame question.

SVXY

STO July 14, 150 put @ 2.79
STO July 28, 115 put @ 1.65

SVXY

STO July 21, 135 put @ 2.41

STO July 21, 130 put @ 1.99

SVXY

STO July 14, 145 put @ 2.19

STO July 14, 140 put @ 1.80

Economic Data

8:30am EST Final GDP q/q – street sees 1.2%
8:30am EST Unemployment Claims – street sees 241K
8:30am EST Final GDP Price Index q/q – street sees 2.2%
10:30am EST Natural Gas Storage – street sees 50B

Earnings before Open
ACUITY BRANDS (AYI) – consensus 1.92
CONSTELLATN BRD (STZ) – consensus 1.98
LINDSAY CORP (LNN) – consensus 0.92
MCCORMICK & CO (MKC) – consensus 0.77
RITE AID CORP (RAD) – consensus -0.02
WALGREENS BAI (WBA) – consensus 1.31

Earnings After Markets Close
AM OUTDOOR BRND (AOBC) – consensus 0.38
EXFO INC (EXFO) – consensus 0.03
MICRON TECH (MU) – consensus 1.37
NIKE INC-B (NKE) – consensus 0.49

Today’s Trades

#spxcampaign
Closed Early
$SPX BTC 6/30 2500/2475 BECS @ 95% profit
#shortputs
$SVXY STO 6/30 152 put @ .50

#xle sto 64.5 call, 3…

#xle

sto 64.5 call, 3 DTE @ .48 and .49,@ 11:46, two accounts.

#spxcampaign sto 2490/2515@ 2:30 pm,…

#spxcampaign

sto 2490/2515@ 2:30 pm, call,28 dte ,July 26 at 1.90. had this setup for 2 accounts but only one filled. weird?

$SPLS going private

Stock up almost 9%

UVXY SVXY…here we go!

#VXXGame – http://www.proshares.com/news/2017-6-27.html

July 17th…

SVXY 2:1
UVXY 1:4

TWLO #CoveredCalls Sold $TWLO Jul…

TWLO #CoveredCalls
Sold $TWLO Jul 28 30 calls @ 1.30

Closing #VXXGame trades I’m gonna…

Closing #VXXGame trades
I’m gonna start peeling these off if they get down to .05 or less to close and more than a week to go until expiration.
Bought to close $SVXY Jul 7 95 puts @ .04. Sold for 1.20 on 6/12.