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..
Daily Archives: Thursday, June 29, 2017
$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.
$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
Options Bistro 