Posting after the bell.
UVXY STO 6/23/17 15.0 CALLS @.48
EWZ STO 6/23/17 33.0 PUTS @.47
EWZ STO 6/23/17 37.0 CALLS @.41 EWZ IS Fuzzball’s idea, and has been working for me.
Daily Archives: Wednesday, June 7, 2017
SPX calls sold
#SPXcampaign Taking a chance and selling short-term near-the-money call spreads… feels like we’re hitting against resistance and may get some pull back. If I’m wrong, it’s just another one I will be rolling. My account is heavier in put spreads so this helps margin-wise.
Sold to Open $SPX June 14th 2450/2475 call spreads for 3.50.
$DUST #ShortPuts – on Monday…
$DUST #ShortPuts – on Monday this week’s Put looked pretty good. Now … not so much.
So I rolled it.
Bought to close DUST Jun 9 2017 30.0 Puts/ Sold DUST Jul 7 2017 28.0 Puts @ 0.10 Credit.
Dropped the breakeven 2 points with the new strike at yesterday’s high.
Dust/Nugt question
So sell puts on DUST and calls in NUGT?
Have the SVXY/UVXY sorted out, thanks again those trades work well.
WRK
STO July 55 puts @1.35, This is a trade from SMM from DeBeers who I have a lot of respect for.
#SPXcampaign BTC SPX 14 JUN…
#SPXcampaign BTC SPX 14 JUN 17 2290/2190 BuPS @0.25 sold it at 5.25 on 4 MAY 2017. Gained $5.00. On this I would existed while ago, but the market was going up, therefore, I left it for theta to do its work. I also would leave it till expiration since it is 143 out the currant price, but I need the margin to other trades.
SPX trades
#SPXcampaign #ITMroll
Bought to close $SPX June 14th 2395/2420 call spreads for 19.20. Sold for 15.80 on May 31st.
Sold to Open SPX June 21st 2400/2424 call spreads for 19.30.
Was able to close the first one at the lows of the day, then wait for the bounce to get filled on the new one, 5 points higher and for .10 more.
Also, closed June 23rd 2290/2265 put spreads for .35. Sold for 1.35 on May 23rd.
SJM earnings
#Earnings Sold to Open $SJM June 16th 120/130/140 #IronButterfly for 5.25. Biggest UP move: 7.9%, Biggest DOWN move: -8.1%, Average move: 3.7%. Breakevens at expiration are +/- 4.0% OTM.
Oil, slippery when volatile
Made a slight adjustment to the /CL strangles. So I finally had a break from seeing patients at lunch and did not realize oil was down 2.4 and my profitable trade 2 days ago now shows a paper loss. I am still well OTM but only have 7k margin left to play with so made adjustment.
Rolled the Aug 17 /CL 55 call down to 53.5 booking a $440 profit plus the $320 from 2 weeks ago previous roll and brought in another $170. If am doing the math right that is $930 profit against the $880 paper loss on the Aug put contracts. As long as it stays above 41.5 for another 2 weeks should be 30-50% profitable. Just need a little more decay and to stop moving downhill.
The Sep 17 57/39 strangle is being left alone, it is only down $320 on paper because of less gamma risk. That should decay 50% in 3-4 more weeks as well.
Will keep you posted although probably easier and more profitable just to set up SVXY ladders like the rest of the group.
However, I get tax benefit by trading the futures options.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Jun 9 2017 119.5 Puts @ 0.26 with the stock at 150.75. These expire in two days
$UVXY #ShortCalls – for next…
$UVXY #ShortCalls – for next week with the stock at 11.41
Sold UVXY Jun 16 2017 18.0 Calls @ 0.23
Sold UVXY Jun 16 2017 18.5 Calls @ 0.22
Sold UVXY Jun 16 2017 19.0 Calls @ 0.19
Sold UVXY Jun 16 2017 19.5 Calls @ 0.19
Sold UVXY Jun 16 2017 20.0 Calls @ 0.19
$UVXY #ShortCalls – Sold 1…
$UVXY #ShortCalls – Sold 1 UVXY Aug 18 2017 23.0 Call @ 1.16 with the stock at 11.33. Highest strike.
SVXY
In my IRA, STO August 18, 85 puts @ 2.02
SVXY
Someone is getting bearish on the SVXY.
STO 114 put @ 2.10 on 1 contract for July 7
STO 114.5 put @ 2.15 on 1 contract for July 7
SVXY
STO July 7, 114 put @ 2.10 on 1 contract.
More DRIP
Sold at the highest strikes:
Jul 21 30 calls @ 1.35
Dec 15 35 call @ 3.58
$XLE #ShortPuts #FallingKnife – Sold…
$XLE #ShortPuts #FallingKnife – Sold 1 XLE(Quarterly) Dec 29 2017 56.0 Put @ 1.27
AMZN
STO AMZN Jun 16 1042.5/1037.5/977.5/972.5 BuPS @ 1.15
XLE
#IRA #FallingKnife #ShortPuts – Starter position. Will look to add lower…
Sold XLE JAN 19 2018 60.0 Puts @ 2.22
Regarding my trade yesterday (SPX…
Regarding my trade yesterday (SPX Campaign SOLD SPX 12 JUL 17 2340/2240 BuPS @4.50), it is Larry’s method. The price is 100 away from current price and 100 points between them. This trade will start eroding and usually would close it when I get 65-75% gain
PLAY play played
#Earnings Bought to close $PLAY June 16th 65 puts for .15. Sold yesterday for 1.50.
Economic Data
10:30am EST Crude Oil Inventories – street sees -3.1M
3:00pm EST Consumer Credit m/m – street sees 15.2B
Earnings before Open
AT HOME GRP INC (HOME) – consensus EPS 0.19
DOLLARAMA INC (DOL) – consensus EPS 0.80
NAVISTAR INTL (NAV) – consensus EPS -0.08
Earnings After Markets Close
ABM INDUSTRIES (ABM) – consensus EPS 0.43
DAVIDSTEA INC (DTEA) – consensus EPS -0.06
OKTA INC (OKTA) – consensus EPS -0.61
TAILORED BRANDS (TLRD) – consensus EPS 0.20
VERINT SYSTEMS (VRNT) – consensus EPS 0.09
Options Bistro 