SVXY
120 put,125 put,127 put,130 put,135 put,80 put,90 put, 91 put,92 put, 93 put, 94 put, 95 put, and 85 puts.
Monthly Archives: June 2017
$SVXY #ShortCalls – a couple…
$SVXY #ShortCalls – a couple of speculative trades for next week with the $VIX index below 10.
Sold SVXY Jun 30 2017 167.0 Calls @ 2.27
Sold SVXY Jun 30 2017 170.0 Calls @ 1.06
Above the alltime high and easy to roll next Friday if I am wrong
/ES hedge
#Futures – A little more basis improvement on the short /ES hedge…so far keeping up with the rise. Should pay off someday when we get an Aug 2015 repeat.
SOLD /ES AUG 17 (Wk3) 2325 PUT @ 11.00
AZO
How low can you go?
SPX trades
#SPXcampaign Sold to Open $SPX July 20th 2490/2515 call spreads for 1.40.
Closed on GTC orders:
SPX June 30th 2345/2320 put spreads for .20. Sold for 1.50 on June 2nd.
SPX June 26th 2400/2375 put spreads for .20. Sold for 2.00 on June 14th.
REGN
#IRA #ShortPuts – Sold REGN JAN 19 2018 350.0 Put @ 5.90
$DUST #ShortCalls – Bought to…
$DUST #ShortCalls – Bought to close DUST Jul 21 2017 50.0 Calls @ 0.05. It won’t trade any lower.
Originally sold on 04/26/2017 at 2.50.
REGN
#ShortPuts – Back in but staying away from call sales…
Sold REGN JUL 28 2017 425.0 Put @ 2.00
Rainy day vacation trades. First…
Rainy day vacation trades. First full on rain day all week, we had a few tstorms but they were short lived.
Not a bad week of profits for being on vacation.
Hope everyone has a good expiration.
#ladders
Rolled Jul 7 WDC 84 puts to 8/4 for 1.47 credit. Sold for 0.97 3 weeks ago.
STO Jul 28 SWKS 95 puts at 1.2. Could add another week because of VW diesel money just hit the account, thanks to VW and Bosch for screwing up the software I get to add another week to the ladder.
Rolled 6/23 WDC 87 puts to 6/30 90 puts for 0.85 and 0.65 credit. Originally sold for 1.53. Things up 3 points today so lost .20 in the time it took me to change platforms.
Next week should be busier, have multiple SVXY, WDC, SWKS and other ladders expiring.
Have a great weekend, sun just poked out here!
NUGT adding
Sold $NUGT Aug 18 45 calls @ 1.25. Adding to position at the highest strike.
NBR puts sold
STO $NBR Jan 19 2018 7.00 puts @ 1.07
SPX calls closed
#SPXcampaign Closed on GTC order: $SPX June 30th 2475/2500 call spreads for .20. Sold for 1.40 on June 1st.
Looking for a rally today to sell my final July 20th call spread.
SPX chart and VIX Indicator…
SPX chart and VIX Indicator have been updated
SPX Campaign Expiration and Trades
Yesterday’s Expiration
#spxcampaign
$SPX 6/21 2360/2385 BUPS
#spxcampaign
Closed Early
$SPX BTC 6/23 2475/2450 BECS @ .50 73% profit
#spxcampaign
$SPX STO 6/30 2390/2415 BUPS @ 3.20 Thank you @jeffcp66
$EXAS
#ShortPuts Popping in to catch the close. Been out mowing most of the day wanting to get it done before the current trpoical storm gets here. Had this on my list. Sold to open July 32 Puts @ 0.90.
COST calls
Sold $COST 7/21 165 calls @ 1.57, to bring in premium against the 160 puts I sold last week.
UVXY
In anticipation of the next split I’m selling the rest of this position. Order has been in for awhile but wasn’t getting filled so came down a nickel…throw ’em in the drawer and check in six months. Got 2.92 for the first batch…taking a little less here.
#IRA #VXXGame – Once we get another reverse split and a little more drop after that I’ll cover these. Looking for 50 percent of max…
Sold UVXY JAN 18 2019 5.0/15.0 Bear call spreads @ 1.92
BTC SPX 30 JUN 17…
BTC SPX 30 JUN 17 2480/2505 CALL @.25 sold it JUN 2 2017 for $2.25
COST
In my IRA, STO October 150 puts @ 3.15, cash covered.
VRX
#LongCallDiagonals – Trying to take my lessons learned from AMZN and GOOGL. This thing is coming out of a daily squeeze and maybe just getting started. Rolling front month out and up early…this picks up about 100 deltas on the overall position.
Rolled VRX JUL 21 2017 16.0 Calls out and up to AUG 18 2017 18.0 Calls @ .03 debit
Still long Jan 2019 10 calls and short Jan 2019 7.5/5.0 Bull put spreads…
SPX rolls sold
#SPXcampaign Sold to Open $SPX July 5th 2405/2380 put spreads for 2.10. This makes up for the debit in the #ITMroll made yesterday.
Sold to Open SPX July 14th 2470/2495 call spreads for 3.60. Second half of roll from call spread stopped for 6.40 on Monday.
REGN…now the bad
#ShortStrangles – What a move! I sure didn’t see a two month 200 point move in a 350 dollar stock coming. Had something like 350/450 strangles when this thing took off. Rolled the 450 out to Sep and started rolling the 350 up as she climbed. Wasn’t nearly aggressive enough and kept getting further behind. Finally bailed on the whole thing yesterday when I heard new health care proposal could be pretty friendly to drug companies.
Long story short…gave back all of my REGN profits for the year plus about another 25 points. Being hard headed, I’ll set that aside and look to get it back on next pullback. Grrr…hate getting thumped by one of my all time favorite tickers. I thought we were friends!
GOOGL identical to the AMZN trade
#LongCallDiagonals – Long term diagonal (Whiz style trade) is pretty much dead money now so booking it. With the near vertical rise in this thing the short term call got away from me. So far ITM now that profit is basically capped on the LEAP call. After rolling the LEAP call up a couple times to reduce risk, I’m closing the whole thing except the Jan 2019 500/400 BuPS which I’ll close if I ever need the buying power. Ideally we get a pullback to start all over again.
Bought to Close GOOGL DEC 15 2017 900.0 Call @ 110.65
Sold to Close GOOGL JAN 18 2019 850.0 Call @ 194.70
After roll ups of LEAP call basis was down to 31.00 and front month sales brought in another 13.9 points.
When it’s all said and done a net gain of 66.95. Worked pretty good but having that front month call in the way really hurt. Next time I’ll be more aggressive getting out of the way. Of course, who could’ve seen a 250 point six month run coming…wow!
AMZN
#LongCallDiagonals – Long term diagonal (Whiz style trade) is pretty much dead money now so booking it. With the near vertical rise in this thing the short term call got away from me. So far ITM now that profit is basically capped on the LEAP call. After rolling the LEAP call up a couple times to reduce risk, I’m closing the whole thing except the Jan 2019 500/400 BuPS which I’ll close if I ever need the buying power. Ideally we get a pullback to start all over again.
Bought to Close AMZN DEC 15 2017 865.0 Call @ 167.20
Sold to Close AMZN JAN 18 2019 850.0 Call @ 239.1
After roll ups of LEAP call basis was down to 30.75 and front month sales brought in another 38.7 points.
When it’s all said and done a net gain of 79.85. Worked pretty good but having that front month call in the way really hurt. Next time I’ll be more aggressive getting out of the way. Of course, who could’ve seen a 300 point six month run coming…wow!
SPX puts closed, puts sold
#SPXcampaign Closed on GTC order: $SPX June 23rd 2400/2375 put spreads for .20. Sold for 1.75 on June 9th.
Sold to Open July 20th 2340/2315 put spreads for 1.55
TSLA
#ShortStrangles – Making an adjustment but adding a little downside protection…
Started out as a Jan 2018 175/500 strangle @ 6.10 credit
Rolled 175 to 250 @ 7.40 credit
Today rolled 250 to a 300/200 bull put spread @ 6.27 credit.
Position now 300/200 BuPS against 500 call @ 19.77 credit.
Can this thing see 500 by Jan 2018? TOS says 85 percent chance it won’t get there and a 70 percent chance 300 won’t get hit so still slightly higher downside risk.
INGN
STO August 95 puts @4.70, this is a trade from DeBeers over on SMM
WYNN
#ShortStrangles – Replacing this week’s expiration…still selling against ITM calls.
Sold WYNN JUN 30 2017 135.0 Puts @ 1.35
#xle yesterday morning sto xle…
#xle
yesterday morning
sto xle 64.5 put @ .51 for 6.23.17
SPX ITM roll
#SPXcampaign Yesterday, Closed $SPX June 28th 2405/2430 call spreads for 20.25. Sold last week for 20.15.
#ITMroll Sold July 5th 2410/2435 call spreads for 18.25. Will choose an additional spread to day to make up for the 2.00 roll-debit.
Also yesterday, closed on GTC order: balance of June 23rd 2465/2490 call spreads for .20. Sold for 1.80 on June 16th.
GM –
Economic Data
8:30am EST Unemployment Claims – street sees 241K
9:00am EST HPI m/m – street sees 0.4%
10:00am EST FOMC Member Powell Speaks
10:00am EST CB Leading Index m/m – street sees 0.4%
10:30am EST Natural Gas Storage – street sees 55B
Earnings before Open
ACCENTURE PLC (CAN) – consensus 1.50
BARNES & NOBLE (BKS) – consensus -0.17
CARNIVAL CORP (CCL) – consensus 0.47
COMMERCIAL METL (CMC) – consensus 0.24
HAIN CELESTIAL (HAIN) – consensus 0.52
Earnings After Markets Close
BED BATH&BEYOND (BBBY) – consensus 0.66
SMART GLBL HLDG (SGH) – consensus 0.62
SONIC CORP (SONC) – consensus 0.41
SYNNEX CORP (SNX) – consensus 1.80
Todays Efforts Did Not Get In ACN Strangle
#spxcampaign
$SPX STO 7/21 2335/2360 BUPS @ 1.85 Go @jeffcp66
#shortputs
$SVXY STO 7/14 115 puts @ 1.45 Thank You @hcgdavis
$SVXY STO 7/21 124 puts @ 2.40 Thank you @jdietz1954
$SVXY STO 1/19/2018 85 puts @ 4.50 Thank you @fuzzballl
TSLA strangle
Borrowed an idea from one of the TastyTraders.
Sold $TSLA Jul 21 325/430 strangle @ 5.40
SPX 21 JUN 17 2300/2200…
SPX 21 JUN 17 2300/2200 BuPS expired worthless sold on 5/28/2017 for $5.00
SPX 21 JUN 17 2470/2495 BeCS expired worthless sold on 5/22/2017 @1.95
$ULTA BUPS
$ULTA STO 7/21 285/290 BUPS @ 1.90
ACN earnings
#Earnings Order has been in all day; just lowered it to 1.35; not sure if I’ll go lower…
Trying for: $ACN June 23rd 122/134 strangles for 1.35. Over last 12 quarters, Biggest UP move: 6.8%, Biggest DOWN move: -6.6%, Average move: 3.6%. These strikes are +5.7% and -3.8% OTM. Bullish bias since that’s the way things have been rolling lately.
$AAOI
#ShortPuts Sold to open June 30th 60 Puts @ 1.26.
GM –
Economic Data
10:00am EST Existing Home Sales – street sees 5.54M
10:30am EST Crude Oil Inventories – street sees -1.2M
Earnings before Open
ACTUANT CORP (ATU) – consensus EPS 0.31
CARMAX GP (CC) (KMX) – consensus EPS 0.98
WINNEBAGO (WGO) – consensus EPS 0.66
Earnings After Markets Close
ORACLE CORP (ORCL) – consensus EPS 0.73
STEELCASE INC (SCS) – consensus EPS 0.19
XBI 6/23 76.5 put for…
XBI 6/23 76.5 put for 0.4-0.47 is a today recommendation by options income blueprint. I would do it but have limited margin until Friday. Maybe do it for next week.
Also on vacation but saw this when I took a break at lunch.
Hope everyone is having a good week.
We get some VW money back this week for the diesel recall so will give me some more trading $ for next week.
XBI
STO September 75 puts @2.80
New lows in AZO
Today it’s exceeding its post-earnings lows from last month. New puts, anyone?
Adding some Aug DRIP
Sold $DRIP Aug 18 35 calls @ 1.61 and 1.64. Highest strike.
T
STO January 36 puts @1.30
NUGT Aug
Sold $NUGT Aug 18 45 calls @ .90. Highest strike.
CMG adding
Sold $CMG Aug 18 355 puts @ 2.50. Lowest strike.
ADBE puts closed
#SPXcampaign BTC $ADBE June 23rd 134 puts for .02. Will try to close 152.5 calls for cheap today as well, to release margin. Sold strangles yesterday for 1.50.
SPX puts sold yesterday
#SPXcampaign Sold to Open $SPX June 30th 2425/2400 put spreads for 3.20. This is half of a roll from the call spread stopped Monday for 6.40. I plan to sell a call spread for the other half if we get some movement upward today.
SPX Campaign
#spxcampaign
Closed Early
$SPX BTC 7/14 2510/2385 BECS @ 1.50 STO 6/13 @ 1.80
REGN
STO 1 contract, September 15, 425 put @ 7.70
AAOI puts
STO Jul 21 50 P at 1.00
ADBE earnings
#Earnings Thanks to @matt0311 for pointing this one out… I had missed it on my scan…
Sold to Open $ADBE June 23rd 134/152.5 strangles for 1.50, with ADBE at 141.25. Over last 12 quarters, its 1-day moves: Biggest UP move: 9.0%, Biggest DOWN move: -5.7%, Average move: 4.5%. My strikes are +8.0% and -5.1% OTM. Trade has a bullish bias based on historical move bias of +1.5% as well as trend in tech last few days, bouncing off mini-correction.
#earningstrade $ADBE releasing after close….
#earningstrade $ADBE releasing after close. average down moves have bee just about 3.5% with a max down of 9%. Up Moves were similar. looking to sto a strangle 132/150 exp 6/23
EWZ
#RiskReduction #ShortStrangles – It’s been a pretty good ticker this year so not gonna press my luck with the weakness today. Keeping my long term position in the #IRA but closing the nearer term strangles for small profit.
Bought to Close EWZ JUL 21 2017 31.0/37.0 Strangles @ .67 (sold for .82)
CMG
Nice #FallingKnife candidate today….I’m already in a position so not adding here.
#vxx game Rolled this week…
#vxx game
Rolled this week SVXY 125 puts to next week for credit of 0.56. Sold for 1.09 on the little vix spike last week.
#optionladder Rolled this week SVXY…
#optionladder
Rolled this week SVXY 115 puts to Jul 14 for 1.18 credit. Originally sold 2 weeks ago for 1.24.
$RRC #ShortPuts #OptionLadder – Sold…
$RRC #ShortPuts #OptionLadder – Sold 1 RRC DEC 15 2017 19.0 Put @ 1.40 with the stock at 21.91.
This replaces the RRC Jun 16 2017 24.0 Put I covered at 0.50 on Friday to avoid assignment.
$MYL #ShortCalls – Bought to…
$MYL #ShortCalls – Bought to close MYL JUL 21 2017 45.0 Calls @ 0.01. They won’t trade any lower and still have 31 days until expiration.
Originally sold on 3/9/2017 @ 2.89.
Still short a partial #OptionLadder with Oct 47.50 and Jan 50 Calls.
SVXY
#ShortPuts – Adding to the top of the ladder…margin free against short calls that start at 225.
Sold 1 SVXY JAN 19 2018 85.0 Put @ 4.60
#optionladder STO Jul 28 WDC…
STO Jul 28 WDC 80 puts at 1.5
New highs in DRIP as…
New highs in DRIP as oil continues its plunge
SPX trades
#SPXcampaign Sold to Open $SPX July 20th (monthlys) 2360/2335 put spreads for 1.55.
#ITMroll This is to make up for the 1.80 debit in yesterday’s roll:
Sold to Open July 3rd 2410/2385 put spreads for 1.85
GM – Economic Data
8:30am EST Current Account – street sees -124B
3:00pm EST FOMC Member Kaplan Speaks
Earnings before Open
FANG HOLDINGS (SFUN) – consensus EPS -0.02
LENNAR CORP –A (LEN) – consensus EPS 0.78
Earnings After Markets Close
ADOBE SYSTEMS (ADBE) – consensus EPS 0.77
FEDEX CORP (FDX) – consensus EPS 3.89
LA-Z-BOY INC (LZB) – consensus EPS 0.46
RED HAT INC (RHT) – consensus EPS 0.34
VERITONE INC (VERI) – consensus EPS -4.16
SPX ITM roll
#SPXcampaign #ITMroll
Closed $SPX June 26th 2420/2445 call spreads for 21.15
Sold to Open SPX July 3rd 2425/2450 call spreads for 19.30.
I will determine how to make up for the 1.85 debit tomorrow.
$JWN #ShortPuts – Bought to…
$JWN #ShortPuts – Bought to close 1 JWN JUL 21 2017 32.5 Put @ 0.01. It won’t trade any lower.
Still 32 days until expiration.
Originally sold on 1/18/2017 at 1.20.
I still have some of the #OptionLadder left with short Oct and Jan Puts.
$SVXY
Rolled up my July 21st 100 Puts to July 21st 130 for 1.75 credit. Originally sold the 100 Puts for 2.21 on June 12th.
$SVXY
Sold July 21st 124 Put @ 2.16 when $SVXY was at 164.38.
SPX trades
#SPXcampaign STOPPED: Closed $SPX June 23rd 2450/2475 call spreads for 6.40. Sold for 4.50 on June 9th.
Closed on GTC orders:
June 26th 2390/2360 put spreads for .25. Sold a smart of a #CondorRoll for 3.60 on June 14th.
June 30th 2340/2315 put spreads for .20. Sold as part of a #CondorRoll for 4.55 on May 25th.
COST
I actually bought some options on COST.
BTO July 21, 157.5 calls @7.50 on 5 contracts. There is a lot of selling going on today from one institution to another. I think the AMZN news is over done and the decline in COST is over done as well. The customer base for WFD and COST is different and this merger makes no sense to me at this time. I may be wrong but I can wait a month to find out.
NVDA
#ShortCalls – June 30th 175s looking safe so going for the double dip…selling against 180/150 Bull put spreads.
Sold NVDA JUL 21 2017 180.0 Calls @ 1.25
DGX
STO November 100 puts @2.00
$SPX $AAOI
#SPXCampaign
Morning all. Lovely hot day here in the Peidmont of NC.
Bought to close July 23rd 2340/2360 BuPS @ 0.10. Originally sold for 0.85
Bought to close July 30th 2290/2310 BuPS @ 0.15 Originally sold for 1.10
$AAOI
#ShortPuts
Sold to Open June 23rd 60 Puts @ 0.87. Will roll as need be. I may take assignment.
Short call assignment question:
This is a first for me, I think. I was holding an 88/93 BeCS on TSO that expired Friday. TSO closed at 92.43. I had received 2.48 credit for the spread about 2 weeks ago. Today I open my account to see that I’m short a position in TSO at 88. I got TSO called away from me, and the long call I had at 93 was not exercised automatically by TDA. It also showed I was in a maintenance call. Was able to go ahead and buy back the short position, but the rep at TDA couldn’t really explain to me very well why it wasn’t automatically taken care of. Any ideas? Thoughts? Recommendations? Is this normal?
The only good thing out of this was they threw in a few free trades for the hassle.
SPX stop and roll
#SPXcampaign Stopped: $SPX July 14th 2475/2500 call spreads for 4.55. Sold on Friday for 1.85.
#CondorRoll Sold July 3rd 2405/2430/2475/2500 call spreads for 4.90.
The call side of the condor has the same strikes as the stopped spread but its expiry is 11 days earlier. May need further management but puts me in less danger at the moment.
Looking at stops on a couple other call spreads as well.
#spxcampaign Sold to Open SPX…
#spxcampaign
Sold to Open SPX July 20th 2500/2525 call spreads @1.85
thanks jeff/
Options Bistro 