#spxcampaign
Closed early
$SPX BTC 2490/2465 BECS @.30 at 82% profit
#shortcalls
Rolled
$NTES STO 7/21 325 call BTC 6/16 310 call @2.71 credit
$AMZN STO 6/23 1030/1020 BECS @1.90 Bridget @OMM
#shortputs
$CLVS STO 7/21 50 put @ 6.50
$COST STO 160/165 BUPS @1.30 Thank you @rknight52
Long day
Rather than click the like button on all your expirations I will just say impressive!
It would be interesting to figure out the total value of all the expiring options for the entire group and the value of all the sold options in a week. Awesome!
Keep selling and we can all keep feeding each other ideas.
Cheers, Chris
Afternoon all. Posting late as I have been out doing “Good Hubby Duties” today.
Expiring
$SVXY
June 16th 100 Puts
June 16th 120 Puts
June 16th 125 Puts.
All the other shorts were closed earlier in the week.
Have a wonderful weekend. Catch you next Monday.
#OptionsExpiration for 6/16
$AAOI 06/16/2017 55 puts
$AMZN 06/16/2017 1020 calls (covered)
$DUST 06/16/2017 65 calls
$NVDA 06/16/2017 170 calls
$NVDA 06/16/2017 162.50 calls
$QQQ 06/16/2017 132 puts
$QQQ 06/16/2017 133 puts
$SVXY 06/16/2017 175 calls
$SVXY 06/16/2017 68 puts
$SVXY 06/16/2017 85 puts
$SVXY 06/16/2017 90 puts
$SVXY 06/16/2017 95 puts
$SVXY 06/16/2017 125 puts
$SVXY 06/16/2017 130 puts
$TSLA 06/16/2017 300 puts
$TWLO 06/16/2017 23 puts
No assignments.
Have a great weekend everyone.
#optionsexpiration
$AZO 720 call (#earnings trade)
$TMUS 67 call (covered)
$SFM 25 call (covered) Holding stock and seeing if $AMZN needs stores on West Coast
$MOMO 41 call
$THO 110 call (#earnings trade)
$AMD 10 put
$TMUS 62.50 put
$SVXY 94 put
$SVXY 95 put
$SVXY 100 put
$SVXY 110 put
$SVXY 120 put
$SVXY 123 put
$MOMO 35 put
$UBNT 35 put
$THO 80 put (#Earnings play)
$PLAY 65 put (#Earnings play)
$BLUE 95 put
$WYNN 110/120 BUPS
$GS 215/220 BUPS
$FB 140/145 BUPS
$FB 148/150 BUPS
$BABA 115/120 BUPS
$SJM 140/130 BECS
Expired with total loss (See @jeffcp66 comments on selling early)
$NVDA 140/135 BECS
$NFLX 155/160 BECS
Assigned
$SJM @130 Basis 127.61
Have a great weekend and a terrific Father’s Day to all celebrating.
#SPXcampaign I had one and a third spreads close right at and after the bell…
SPX June 23rd 2465/2490 call spreads, 1/3 of my position closed for .20. Sold for 1.80 on Tuesday.
SPX July 7th 2490/2515 call spreads, full order closed for .20. Sold for 1.40 on June 9th
Kind of odd that call spreads started closing as the market was still moving UP after the close.
I decided to replace the July 7th spreads, rolling it down, in effect:
Sold SPX July 7th 2455/2480 call spreads for 4.25.
Everyone have a nice weekend and we get to sell more puts and calls next week.
#OptionsExpiration #VXXGame #Earnings
—Expiring—
AZO 720 calls
NVDA 135 put
PANW 135 call
THO 80 puts
SVXY 95,100,105,115,120,135, and 140 puts
—Assignment—
PANW 130 call, half of remaining stock called away, cost basis 126.69.
In my IRA
SVXY 55 puts
SVXY 60 puts
SVXY65 puts
SVXY70 puts
In the trading account
HRL 35 puts will be assigned
UBNT 55 covered calls expired
UBNT 45 puts expired
JCOM 80 puts expired
MU 28 puts expired
HOS 4 covered calls
SVXY 50 puts, 55 puts, 60 puts, 64 puts, 65 puts, 75 puts, 80 puts, 90 puts, 94 puts, 95 puts, 105 puts, 124 puts,125 puts,127 puts, 130 puts,143 puts, 145 puts. All expired at zero.
#T
sto jan 19 37 call @ 3.25
cost basis is 42.5 of T
plan to buy back at $1.08 for a approximate 5% return. plus dividends along the way which are presently 5.03%.
in the mean time extra cash to fund other things.
#Earnings BTC $NVDA June 16th 152.5 put for 1.08 to avoid assignment. Sold for 2.65 on June 8th.
#OptionsExpiration #Monthlys #Jun16 – A big expiration this month. I’ve been carrying some of these positions since early in the year.
Wide strangles in $DUST, covered calls in $NUGT, and lots and lots of #Volatility shorts are rolling off.
Only 1 assignment this week, and a light week next week.
— Expirations —
CVS Jun 16 2017 85 Calls
DUST Jun 16 2017 19 Puts
DUST Jun 16 2017 65 Calls
GILD Jun 16 2017 62.5 Puts
HES Jun 16 2017 42.5 Puts
NUGT 25/Jun 16 2017 5 Puts
NUGT 25/Jun 16 2017 6 Puts
NUGT 25/Jun 16 2017 7 Puts
NUGT Jun 16 2017 36 Calls (Covered)
NUGT Jun 16 2017 46 Calls
NUGT 25/100 Jun 16 2017 16 Calls (Covered)
SVXY Jun 16 2017 40 Puts
SVXY Jun 16 2017 49 Puts
SVXY Jun 16 2017 51 Puts
SVXY Jun 16 2017 52 Puts
SVXY Jun 16 2017 53 Puts
SVXY Jun 16 2017 54 Puts
SVXY Jun 16 2017 56 Puts
SVXY Jun 16 2017 58 Puts
SVXY Jun 16 2017 60 Puts
SVXY Jun 16 2017 62 Puts
SVXY Jun 16 2017 63 Puts
SVXY Jun 16 2017 64 Puts
SVXY Jun 16 2017 67 Puts
SVXY Jun 16 2017 68 Puts
SVXY Jun 16 2017 85 Puts
SVXY Jun 16 2017 89 Puts
SVXY Jun 16 2017 90 Puts
SVXY Jun 16 2017 97 Puts
SVXY Jun 16 2017 98 Puts
SVXY Jun 16 2017 99 Puts
SVXY Jun 16 2017 100 Puts
SVXY Jun 16 2017 109 Puts
SVXY Jun 16 2017 112 Puts
SVXY Jun 16 2017 113 Puts
SVXY Jun 16 2017 114 Puts
SVXY Jun 16 2017 115 Puts
SVXY Jun 16 2017 116 Puts
SVXY Jun 16 2017 117 Puts
SVXY Jun 16 2017 118 Puts
SVXY Jun 16 2017 120 Puts
SVXY Jun 16 2017 122.5 Puts
SVXY Jun 16 2017 125 Puts
SVXY Jun 16 2017 160 Calls
UVXY Jun 16 2017 18 Calls (Covered)
UVXY Jun 16 2017 18.5 Calls (Covered)
UVXY Jun 16 2017 19 Calls
UVXY Jun 16 2017 19.5 Calls
UVXY Jun 16 2017 20 Calls
UVXY Jun 16 2017 35 Calls
UVXY Jun 16 2017 36 Calls
UVXY Jun 16 2017 37 Calls
UVXY Jun 16 2017 40 Calls
UVXY Jun 16 2017 44 Calls
UVXY Jun 16 2017 45 Calls
UVXY Jun 16 2017 60 Calls
UVXY 20/100 Jun 16 2017 35 Calls
— Assignments —
TRIP Jun 16 2017 40 Puts
#VXXGame Closed $SVXY June 16th 155 call for 3.85. Sold for 5.25 on 4/25. Held through a lot on that one. But premiums are pretty rich for July expiration 10 bucks above all-time highs:
Sold to Open SVXY July 21st 170 call for 4.80
Sold to Open SVXY July 21st 175 call for 3.00
BTC June 16, 34 calls @ .13, sold @.43 against my long call in 2019. I will sell the weekly calls next week.
#SPXcampaign Sold to Open $SPX July 14th 2475/2500 call spreads for 1.85, with SPX at 2430.
BTC October 550 put @14.70, sold @ 14.90
It just does not feel good to me so I got out of the trade early.
#ShortPuts – Replacing this week’s expiration…
Sold WYNN JUN 23 2017 133.0 Puts @ 1.35
#CoveredCalls – Hanging on to the stock for a couple more weeks…picking up another 2.22 of potential upside while keeping plenty of downside protection.
Rolled SVXY JUN 16 2017 137.0 Call to JUN 30 2017 138.0 Call @ 1.22 credit
My 28 puts are expiring today so I am replacing them.
STO October 28 puts @1.93
BTC to avoid assignment tonight, 40 puts @2.21, sold @2.40 so pretty much a wash.
#SPXcampaign Closed on GTC orders:
$SPX June 21st 2460/2485 call spreads for .20; sold for 2.45 on June 1st.
$SPX June 19th 2400/2375 put spreads for .30; sold for 2.05 on June 5th.
Working on selling my second July 14th call spread today.
$TRIP #ShortPuts #FallingKnife – Bought to close 1 TRIP Jun 16 2017 39.0 Put @ 1.20 to avoid assignment tonight.
Originally sold at 1.30 so essentially coffee money
#Earnings #ExitEarly As a testament to not always waiting for expiration, check out AZO today after some of us exited or rolled AZO puts a day before expiration yesterday.
This may be a good day to sell some new puts.
$TRIP #ShortPuts #FallingKnife – Bought to close TRIP Jun 16 2017 38.0 Puts @ 0.45 to avoid assignment tonight.
Originally sold at 1.10 so still made over 50% of the premium
STO $COST Jul 21 165/160 BuPS @ 1.31 when at 168.10
Sold $COST Jul 21 160 puts @ 1.32
$RRC #ShortPuts #FallingKnife – Bought to close 1 RRC Jun 16 2017 24.0 Put @ 0.50 to avoid assignment tonight.
Originally sold at 1.15 on 3/9/2017.
Another case of being wrong on the stock but right on the option.
STO January 125 puts @1.15
#ShortCalls – Sold 1 DRIP DEC 15 2017 35.0 Call @ 4.00
$KR #ShortPuts #FallingKnife – Sold 1 KR JAN 19 2018 19.0 Put @ 1.25
STO October 150 puts @2.41
Amazon buying Whole Foods at $42 per share. Amazon will own us all in 10 years.
And housing starts missed big, which may be why futures have dropped in the last hour.
Economic Data
8:30am EST Building Permits – street sees 1.25M
8:30am EST Housing Start – street sees 23M
10:00am EST Prelim UoM Consumer Sentiment – street sees 97.2
10:00am EST Labor Market Conditions Index m/m
10:00am EST Prelim UoM Inflation Expectations
12:45pm EST FOMC Member Kaplan Speaks
Earnings before Open
No earnings release today
Earnings After Markets Close
No earnings release today
Thanks bistro traders for showing me how to roll credit spreads and sell options on contango and leveraged etfs! It has supercharged my trading results lately but more importantly improved consistency.
I will be rolling some WDC puts at 87 and 88 that expire today, or may take assignment, there is 0.50 dividend coming up and can sell calls.
I have 19 patients left to see then vacation next week but will trade at least 1 day! Happy Fathers day to all the dads.
Options Bistro 