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Daily Archives: Friday, June 9, 2017
Weekend reading…especially for beginning options…
Weekend reading…especially for beginning options traders. This blog is strictly dedicated to selling covered calls. Not a member, but be sure to view demo on his cc stock screener, a very interesting approach.
https://www.borntosell.com/covered-call-blog/deep-in-the-money-calls
Have a great weekend all.
Thanks Jeff for your work!!!
Have a nice weekend
It was an interesting day so enjoy the weekend.
#OptionsExpiration #Weeklys #Jun09 – some…
#OptionsExpiration #Weeklys #Jun09 – somewhat of a slow week until some late day fireworks today.
A light week for me, but next week’s #Monthly expiration is BIG
No Assignments this week.
— Expirations —
APA (Weekly) Jun 9 2017 46 Puts
DUST (Weekly) Jun 9 2017 23.5 Puts
DUST (Weekly) Jun 9 2017 24 Puts
NUGT 25/100 (Weekly) Jun 9 2017 10 Calls (Covered)
SVXY (Weekly) Jun 9 2017 75 Puts
SVXY (Weekly) Jun 9 2017 85 Puts
SVXY (Weekly) Jun 9 2017 113 Puts
SVXY (Weekly) Jun 9 2017 114 Puts
SVXY (Weekly) Jun 9 2017 115 Puts
SVXY (Weekly) Jun 9 2017 120 Puts
UVXY (Weekly) Jun 9 2017 12.5 Calls (Covered)
UVXY (Weekly) Jun 9 2017 13 Calls (Covered)
UVXY (Weekly) Jun 9 2017 13.5 Calls (Covered)
UVXY (Weekly) Jun 9 2017 14 Calls (Covered)
UVXY (Weekly) Jun 9 2017 26 Calls
EXPIRATIONS
EWZ 35 calls
SVXY 96 puts
SVXY 97 puts
SVXY 98 puts
SVXY 99 puts
SVXY 100 puts
SVXY 130 puts
SVXY140 puts
SPX calls sold (no expirations)
#SPXcampaign Right before the bell, Sold to Open $SPX June 23rd 2450/2475 call spreads for 4.50.
NVDA puts
Sold in 2 IRA accounts:
$NVDA Jul 21 130 puts @ 2.40. If this continues down and I get assigned I will hold it long term with a cost basis of 127.60.
Afternoon All Popping in.
$SVXY #ShortPuts Bought to close June 9th 145 Put @ .03. Originally sold for 1.32. I had considered rolling out and down but I will wait for this pull back to settle out.
$SPX Campaign I closed the long 2500 leg of my ill managed June 30th 2480/2500 Call spread earlier at 1.25. Lessons learned.
Bought to Close half of my $AAOI June 60 Put @ 0.55. Originally sold for 1.65 on May 23rd.
I firmly believe my $SVXY June 09th 135 Puts shall expire.
Have a great weekend all.
SVXY
Sold the following:
SVXY July 21, 82 puts@ 1.05
SVXY July 21, 83 puts@ 1.16
SVXY July 21, 84 puts @1.15
SVXY July 21, 80 puts @1.00
SVXY July 21, 85 puts @1.25
SVXY August 18, 80 puts @ 1.35
SVXY June 30, 90 puts @.60
SPX puts stopped
#SPXcampaign Unfortunately my order to close for .20 did not fill this morning, so ended up having to stop this spread that became ATM and too risky to hold through the weekend.
Bought to close $SPX June 12th 2425/2400 put spreads for 4.10. Sold for 3.30 on June 2nd.
UAA
#CoveredCalls #IRA – Sold UAA Jan 19 2018 30 Calls @ .42
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY JUL 21 2017 85.0 Puts @ 1.17.
Replaces some of my Jun 9 2017 85.0 Puts expiring today
The FANG stocks are down but the FANG stock is up. Go figure
$SVXY #ShortPuts – More trades…
$SVXY #ShortPuts – More trades in an #IRA
Sold SVXY JUN 23 2017 97.0 Puts @ 0.47
Sold SVXY JUN 16 2017 112.0 Puts @ 0.36
LH
BTC August 18, 105 puts @.05, sold @1.20
$UAA #CoveredCalls – added more…
$UAA #CoveredCalls – added more positions
Sold UAA Oct 20 2017 25.0 Calls @ 0.69
Sold UAA Jul 21 2017 22.5 Calls @ 0.56
$UVXY #ShortCalls – Sold 1…
$UVXY #ShortCalls – Sold 1 UVXY Jul 14 2017 16.5 Call @ 1.04. Highest strike
Also Sold UVXY Jul 21 2017 32.0 Calls @ 0.53. Also the highest strike.
SVXY
#IRA #ShortPuts – Sold SVXY AUG 18 2017 90.0 Put @ 2.30
$SVXY Jul 14
Sold $SVXY Jul 14 85 puts @ 1.05
$SVXY #ShortPuts #IRA – I…
$SVXY #ShortPuts #IRA – I had my orders already in
Sold 1 SVXY Jul 21 2017 82.0 Put @ 1.09
Sold 1 SVXY Sep 15 2017 65.0 Put @ 1.09
$NUGT #shortcalls STO June 09…
$NUGT #shortcalls
STO June 09 $35 call for 0.40 this AM for quick scalp.
AMZN and GOOGL
Actually needed a pullback in these things. Short calls in the #LongCallDiagonals trades were super DITM. Another 50 bucks would help even more…
$DUST #shortcalls BTC June 16…
$DUST #shortcalls
BTC June 16 $35 call this AM for 0.10, sold for $1.45 2 weeks ago.
$SVXY #shortputs Roll out $145…
$SVXY #shortputs
Roll out $145 put to next week for $1.95. Gain on this week’s put 0.85
$SVXY #ShortPuts – I had…
$SVXY #ShortPuts – I had my orders already in and then left for several hours. Wow!
Used Up all the cash in a big #IRA selling these:
SVXY JUN 16 2017 97.0 Puts @ 0.30
SVXY JUN 16 2017 98.0 Puts @ 0.30
SVXY JUN 16 2017 99.0 Puts @ 0.30
SVXY JUN 16 2017 109.0 Puts @ 0.43
SVXY JUN 16 2017 118.0 Puts @ 0.50
SVXY JUN 16 2017 120.0 Puts @ 0.80
FB covered call mgt
#Earnings #CoveredCalls
BTC $FB June 16th 150 call for 1.35. Sold for 3.75 on May 24th. Will look to reload at a higher strike.
SVXY
STO Jun 16 $123 puts @ $.93
STO Jun 16 $115 puts @ $.67
That will be it for me today. Gotta board plane
#Markets – I’ve BEEN AWAY…
#Markets – I’ve BEEN AWAY FROM THE MARKET. AMZN and GOOG down almost 40
SVXY pulls back from a new high
What happened?????
AAOI
STO December 55 puts @10.10 when the stock was around 63
Reversal-mania!
#Market Entertaining to watch…
After hitting a 24-year low, VIX now up +18%
After hitting an all time high, Nasdaq now down over 3%
After hitting all time hign, SPX down over half a percent… interesting but not the +3% of NDX
After hitting all-time high, RUT only now went negative.
Options Expiration
A little bit of an early ball spike, but I’m about to board a plane and won’t get home until very late tonight.
SVXY $95 puts
SVXY $99 puts
SVXY $100 puts
UVXY $20 calls
UVXY $24 calls
UVXY $25 calls
UVXY $26 calls
Was on vacation last week and ended up on a short notice business trip this week, so haven’t made a trade in 2 weeks.
Getting some movement in $UVXY right now so STO June 16 $15 calls @ $0.33
Have a great weekend everyone.
AAOI Question
The stock is down over 12% and the premiums in December and January are enormous. Any idea why?
EXAS
STO July 21, 30 puts @ .80
ISRG adjustment
#ShortStrangles – Finally getting a little weakness in this thing.
Rolled this week’s 930 put to next week’s 925 @ .10 credit.
Sold against Jul 14th 885 call…
NVDA
#ShortCalls – Taking a little scalp…
Bought to Close NVDA JUL 7 2017 200.0 Calls @ .30 (sold for 1.20 this morning)
SPX trades
#SPXcampaign Bought to close $SPX June 23rd 2455/2480 call spread for 5.35. Sold for 4.80 on Tuesday. Will roll.
Sold to Open SPX July 7th 2360/2335 put spreads for 1.30 (standard campaign trade)
Sold to Open SPX June 23rd 2400/2375 put spreads for 1.75 (partial roll, looking to add a higher call spread if we rally into close)
Bought to close SPX June 14th 2390/2365 put spreads for .20. Sold for 5.00 on May 24th (the day the Upside Warning fired)
1 more
BTC TSO 6/30 put at 0.23, sold as part of a ladder at 1.03.
I may have been a little premature on SWKS, did not have time to look at the chart, down 2% today off all time highs. Oh well, will take assignment or roll it…….for those that like the falling knife trades the premium is spiking on it.
PANW mgt
#Earnings #CoveredCalls Sat through its jaunt to the low teens and now managing ITM covered calls, plus one naked call, at 130 and 135.
On Wednesday: BTC PANW June 16 & 23rd 110 puts for .05. Sold for 3.30 and 2.65 in May.
Today: BTC PANW June 16th 130 put for .35. Sold for 15.30 on May 19th, a roll of a roll from busted earnings trade.
STO July 21st 130 put for 2.20
Trades and expiration
Only had a few minutes at lunch but managed to snap off a few trades
Establishing new ladders in SWKS. STO jul 7 puts at 0.95 and Jul 14 105 puts at 1.00.
STO WDC Jul 21 82.5 puts at 1.3.
BTC 6/23 83 puts at 0.30, sold at 2.04. Was not quite a roll, did not see the 83 puts hanging out until I had sold the next week.
SVXY in the money covered calls will expire today at full profit. Both IRAs, 1 made $850 the other $700. Not bad for 1 week work.
I am going to hold off further SVXY trades until we get a bump in volatility.
Rolled WDC 85 puts this week to next week for 0.68 credit. Small IRA account.
I am going back to individual names for a few weeks until the VIX pops up again or ETFS with good vol.
However with the cash that is freed up on the covered calls may set up Jade lizards or just puts on XBI on Monday.
Even with a loss on the oil trade, an excellent week and help everybody else has a good expiration and good weekend!
TSO
Taking a chance that we’ve reached the short-term top here at about 90.50.
STO Jun 16 93/88 BeCS for 2.48.
When this thing pulls back, it usually does so in large jumps. Would look to book profits at 50% on a quick pullback or wait until expiration if needed.
Of course now that I’ve declared the top, you should probably just buy some calls or sell puts. Ha!
EWZ @fuzzballl OK, gonna try…
EWZ @fuzzballl
OK, gonna try your long call diagonal with the BuPS.
BTO Jan 2019 30 call, STO Jan 2019 25/20 BuPS, and STO Jul 21 2017 37 call for 6.22 debit. Will look to sell the monthly calls and see where this takes me for the next year and a half. Will also check the weekly calls after July expiration. Thanks for the tip, @fuzzballl and @jsd501.
NVDA roll
#Rolling Nice gap fill today… waited for it to go negative then stole @fuzzballl‘s idea on a #ReverseSpreadRoll (a new hashtag!)
Bought to close $NVDA July 21st 150 call for 13.05. Sold for 4.50 on May 19th.
Sold to Open NVDA July 21st 175/145 put spread for 17.00
XBI first timer
#ShortStrangles – Thanks to @hcgdavis for reminding me of this one. More premium and lower margin than my IBB strangles…
Sold 5 XBI JUL 21 2017 68.0/78.0 Strangles @ 1.20
For comparison selling the same deltas in IBB in July would be:
IBB 285/315 @ 3.65
One IBB strangle vs five in XBI is same margin (2800) with XBI bringing in nearly 70 percent more premium…
#xle btc 65.5 put 6.9.17…
#xle
btc 65.5 put 6.9.17 @ .07/had sold for .69
TSO puts
BTC Jun 16 82.50 put early. Sold Monday for 0.56 in #IRA, bought back today for 0.04 to free up funds to do it again on any pullback.
IBB
#ShortStrangles – Finally out of this after quite a bit of rolling (for credit). Moving this margin allotment over to XBI. Think it’s a little more bang for the buck.
Bought to Close IBB JUN 16 2017 295.0/305.0 Strangle @ 2.23 ( sold for 10.56)
SPX calls stopped
#SPXcampaign Upside Warning doesn’t want to quit. Stopping with a small loss in this extra spread I sold on Wednesday. Will consider rolls later today.
Bought to close $SPX June 14th 2450/2475 call spreads for 4.95. Sold for 3.50 on Wednesday.
EWZ
#BullPutSpreads #ShortStrangles – Skimming through my positions…way too much going on in EWZ. Played the bounce so thinning things out.
Bought to Close EWZ JUN 30 2017 32.0/38.0 Strangles @ .46 (sold for 1.12)
Bought to Close EWZ JUL 21 2017 35.0/30.0 Bull put spreads @ 1.51 (sold for 2.40)
…and… a new 24-year low…
…and… a new 24-year low on the VIX
EWZ
#ShortCalls – Bought to Close EWZ JUN 16 2017 37.0 Calls @ .03 (sold for .65)
These were sold against July Bull Put Spreads. I’ll be looking to sell ’em again somewhere…
$NUGT #CoveredCalls #WeeklyRoll – this…
$NUGT #CoveredCalls #WeeklyRoll – this has been a cash machine for 5 weeks straight.
Repeating for next week.
Bought to close NUGT JUN 9 2017 36.0 Calls @ 0.19 (Sold for 0.91 last Friday)
Sold NUGT JUN 16 2017 36.0 Calls @ 1.51
It’s all about the net Credit. Rolling seems to work better than waiting for the worthless option to expire, at least with this stock.
I’m still waiting for assignment one of these weeks.
NVDA adjustment
#ShortStrangles #ReverseRolling – Current position was 170/150 inverted @ 25.24
Bought to Close NVDA JUN 16 2017 150.0 Calls @ 15.00
Sold NVDA JUL 21 2017 180.0/150.0 Bull Put Spreads @ 15.16
That keeps the new position in expirations prior to earnings. If we don’t get an earnings run I should be able to make a nice roll into the high IV of earnings. You know IV will be through the roof this time!
Not getting greedy so don’t want a double size bullish position so:
Bought to Close NVDA JUN 16 2017 170.0 Puts @ 7.70
That’s considerably less than I received for multiple roll ups this week…still preserving 17.70 premium and now completely out of the PITA call side and reducing margin required by about two thirds. Downside is I’m highly directional now…gulp!
SPX calls sold
#SPXcampaign Sold to Open $SPX July 7th 2490/2515 call spreads for 1.40.
$VIX – just set a…
$VIX – just set a new decade low at 9.37.
I hate to say it but it’s time to sell some SVXY Calls.
Looking at the 320 LEAPS for 2019
New multi-year VIX low
Today’s low (so far) of 9.43 isn’t much above the 2007 low of 9.39, and all-time low of 9.31 from 1993.
$UAA #CoveredCalls – Sold UAA…
$UAA #CoveredCalls – Sold UAA Jul 21 2017 22.5 Calls @ 0.42.
It seems I was a bit early on this trade and could get more now.
This was a former #FallingKnife stock that has put in an extended base between 18.50 and 22.00 since the end of January.
$DUST #ShortPuts – rolled a…
$DUST #ShortPuts – rolled a couple of difficult to trade ITM puts for next week down a bit while splitting the position into 2 parts.
Bought to close DUST Jun 16 2017 36.0 Puts/Sold DUST Jul 14 2017 35.0 Puts @ 0.05 Credit
Bought to close DUST Jun 16 2017 36.0 Puts/Sold DUST Jul 21 2017 35.0 Puts @ 0.35 Credit.
Actually took a nice gain on the Puts being covered.
Economic Data
10:00am EST Final Wholesale Inventories m/m – street sees -0.1%
Earnings before Open
IMVESCOR RSTRNT (IRG) – consensus EPS 0.06
KMG CHEMICALS (KMG) – consensus EPS 0.47
STRAIGHT PATH (STRP) – consensus EPS -0.21
VOLT INFO SCI (VISI) – consensus EPS -0.11
Earnings After Markets Close
No after-market earnings today
Options Bistro 