#spxcampaign today at 2.52 pm…


today at 2.52 pm ,sto spx ,july 26,2335/2310 put @1.80, thanks jeff
today at 2.52 pm btc on gtc order , spx 2460/2485 6.30.17 call @ .20 had sold for 1.80.(was like watching paint dry )

$SIG ShortPuts #FallingKnife – today…

$SIG ShortPuts #FallingKnife – today I covered some short July 60.0 Puts at a 1.10 that I originally sold for 1.90 and 2.00 in January.

Despite the fact that it is out of the money 3 points with 4 weeks to go, in late May the stock collapsed to 46.09 before gaining most of it back recently.

I decided I don’t need the added risk in this name because I am still short July 50/55 Puts, October 45 Puts and Jan 45/40/35 Puts that are nicely profitable.

One of my unwritten rules is that if Puts that I sold for 2 bucks rises to 13 or 14 dollars and then give me a chance to get out ahead, I take it, and don’t look back.

I would have taken the stock if it had stayed down. The current move in this SP500 name shows why that would have worked too.


#VXXGame Thanks for the ideas on strikes. Was only filled on a couple…
STO SVXY June 30th 148 puts for .75
STO SVXY July 7th 140 put for 1.25

Adding some VXX

Sold $VXX Dec 15 33 calls @ .46. Highest strike in Dec.

$SVXY #ShortPuts – Sold SVXY…

$SVXY #ShortPuts – Sold SVXY Jun 30 2017 147.5 Puts @ 0.76 with the stock at 162.44

$SVXY #ShortPuts – Sold SVXY…

$SVXY #ShortPuts – Sold SVXY JUN 30 2017 145.0 Puts @ 0.55 with the stock at 162.85.
Expires Friday

A couple of volatility trades

Sold $UVXY Dec 15 37 calls@ 1.20. Highest strike.
Sold $SVXY Aug 4 100 puts @ 1.50.