CNBC: “Fed hikes interest rates by a quarter-point.”
Monthly Archives: June 2017
$SVXY #coveredcalls I am looking…
$SVXY #coveredcalls
I am looking for advice – what could go wrong?
I own stock at $131 (paid*) with a short Dec 16 $100 call presently worth $65.50 (sold for $36.50 before I purchased stock to cover*).
I am considering rolling up to $140 call for $30db. My calculations show, if called away in Dec, I will get an additional $10 per share. Am I wrong? What am I missing?
Thank you.
*edit to clarify costs profitable
DLNG Short Puts
STO DLNG July 21 15 puts @ 1.00, share price @ 14.58. This is an ITM trade with cost basis 14.00, will take shares with .4225 qrtly dividend in my IRA account.
Possible #FallingKnife trades today -…
Possible #FallingKnife trades today – $BIIB $XEC
$MYL #ShortCalls – Bought to…
$MYL #ShortCalls – Bought to close MYL Jul 21 2017 47.5 Calls @ 0.01. They won’t trade any lower and I’m out a month early.
Originally sold on 02/01/17 at 0.70
$TSLA #ShortCalls – Sold 1…
$TSLA #ShortCalls – Sold 1 TSLA Dec 15 2017 600.0 Call @ 3.25 with the stock at 381.08
http://www.zerohedge.com/news/2017-06-13/heres-real-reason-tesla-makes-no-money
$ALXN – no longer a…
$ALXN – no longer a #FallingKnife
SPX puts sold
#SPXcampaign Sold to Open $SPX July 14th 2350/2325 put spread for 1.45. I was trying to get filled on much lower spreads on Monday, but didn’t happen. I need to get more aggressive on the down days because they seem to be few and far between.
Develop a Trading plan – free webcast
http://www.cboe.com/education/webcasts
http://www.cboe.com/education/webcasts
I listen to Henry Gambell’s…
I listen to Henry Gambell’s short video on better b’fly. He had 2 trades that expire this friday,
FB 150/145/150/155 for 2.20 credit. Nvda 150/145/150/155for 3.51 credit. Anyone have any thoughts that you care share. I’m a bit more conservative than most when it comes to these types of trades.
GM all
Economic Data
8:30am EST CPI m/m – street sees 0.2%
8:30am EST Core CPI m/m – street sees 0.2%
8:30am EST Core Retail Sales m/m – street sees 0.2%
8:30am EST Retail Sales m/m – street sees 0.1%
10:00am EST Business Inventories m/m – street sees -0.1%
10:30am EST Crude Oil Inventories – street sees -2.3M
2:00pm EST FOMC Economic Projections
2:00pm EST FOMC Statement
2:00pm EST Federal Funds Rate – street sees <1.25%
2:30pm EST FOMC Press Conference
Earnings before Open
CSW INDUSTRIALS (CSWI) – consensus EPS 0.40
DORIAN LPG LTD (LPG) – consensus EPS -0.12
LEJU HOLDINGS (LEJU) – consensus EPS -0.30
LIBERTY TAX INC (TAX) – consensus EPS 2.46
MOTORCAR PARTS (MPAA) – consensus EPS 0.57
Earnings After Markets Close
DIGITAL TURBINE (APPS) – consensus EPS -0.08
JABIL CIRCUIT (JBL) – consensus EPS 0.22
LAKELAND INDS (LAKE) – consensus EPS 0.14
SPX Chart and VIX Indicator are updated
Click “Home/REFRESH” above to update
SPX ITM roll
#SPXcampaign Bought to close $SPX June 19th 2415/2440 call spreads for 18.75
Sold to Open SPX June 26th 2420/2445 call spreads for 17.25, also added:
Sold to Open SPX June 23rd 2465/2490 call spreads for 1.80
$SNAP Short leash trade
Sold $SNAP Jul 21 17 puts @ .70.
Strike is below the all-time low from a couple of days ago.
/ES hedge
#Futures – Love having some protection up here while gradually raising the basis.
I’ll take assignment Friday of a short /ES position @ 2396 basis. Sold a Jul 2400 put against it @ 27.00. That’s nicely profitable now so setting a stop on it at breakeven. Since it’s basically safe I’m adding an Aug put also.
SOLD /ES AUG 17 (Wk3) 2350 PUT @ 16.50
If we tank from here I’ll get stopped out at even on the Jul put and can then ride the short /ES down to 2350 and then decide where to roll the Aug put. Still decent downside protection but also the ability to raise the short basis all the way to 2440 if we don’t implode.
EDIT…actually it looks like Jun contracts expire Friday. I’ll need to roll that call out a week and then take assignment of the Sep contract.
EWW
#PerpetualRollingStrangles – Order in to close this week’s 52 puts which are almost worthless so getting a jump on July…
Rolled EWW JUN 16 2017 50.0 Calls to JUL 21 2017 50.0 Calls @ .07 credit
And:
Sold EWW JUL 14 2017 52.5 Puts @ .76
#spxcampaign BTC SPX 19 JUN…
#spxcampaign
BTC SPX 19 JUN 17 2300/2275 BuPS @.10 sold it @ $1.50 on 22 MAY 2017
BTC SPX 19 JUN 17 2295/2270 BuPS @.10 sold it @ $1.45 on 22 MAY 2017
SPX Campaign and Short Puts and Calls
#spxcampaign
$SPX STO 7/14 2510/2485 BECS @1.80
#shortcalls
$AMZN STO 7/21 1020/1010 BECS @2.60
#shortputs
$FB STO 6/1 48/150 BUPS @.50
$SVXY
#ShortPuts Morning all. Sold June 30th 120 Puts @ 1.35.
NVDA
#ShortCalls – Another little scalp this morning…
Sold NVDA JUN 30 2017 175.0 Calls @ 1.10
NVDA
#ShortPuts #IRA – Out all day yesterday but had a couple fills…
Sold NVDA Jan 19 2018 100.0 Put @ 3.50
Sold NVDA Jan 19 2018 110.0 Put @ 5.50
#GE sto 29 put, 6.16.17…
#GE
sto 29 put, 6.16.17 @ .45
Ladder trade
STO July 21 SWKS 95 puts at 1.20
That’s it? That’s all we…
That’s it? That’s all we get in the sell off and volatility spike? Seems like the majority of investors are either hibernating, comatose, or just don’t care. Good to be a tasty/bistro trader and managing/growing our own money instead of some MBA pulling profits out in the form of fees.
Now if we could just get a volatility spike every 1-2 weeks would be perfect.
GM ALL –
Economic Data
6:00am EST NFIB Small Business Index – street sees 105.2
8:30am EST PPI m/m – street sees 0.0%
8:30am EST Core PPI m/m – street sees 0.2%
1:01pm EST 30-y Bond Auction
Earnings before Open
WILEY (JOHN) A (JW.A) – consensus EPS 0.66
Earnings After Markets Close
BIOPHARMX CORP (BPMX) – consensus EPS -0.07
CAPSTONE TURBIN (CPST) – consensus EPS -0.12
CORTEX BUS SOL (CBX) – consensus EPS 0.00
Expiration
#SPX Campaign
$SPX 6/12 2400/2425 BUPS Thank you @jeffcp66
Trade
#shortputs #shortcalls
$WYNN STO 7/21 125 put @3.50
$AMZN STO 890/900 BUPS @ 1.60
$BABA STO 125/130 BUPS @.95
$TSLA STO 310/320/400/390 IC @4.45
$SVXY #ShortPuts – Sold these…
$SVXY #ShortPuts #OptionLadder – I sold these with SVXY at 150.
The stock would need to drop by more than half to make me wrong.
Sold SVXY JUL 14 2017 75.0 Puts @ 0.65
Sold SVXY JUL 21 2017 75.0 Puts @ 0.90
Sold SVXY Aug 18 2017 75.0 Puts @ 1.40
SPX calls closed
#SPXcampaign Bought to close $SPX June 26th 2490/2520 call spreads for .20. Sold as part of #CondorRoll for 3.60 on June 2nd.
UVXY
STO January 2018, 60 calls @1.35
I love options! You can…
I love options! You can be wrong direction and still make money if you do it right.
Some trades based on that thought.
BTC TSo puts for 2-3 weeks expiration at 0.6 and 0.9 that were sold at 1.04 and 1.2. They were way OTM but did it to free up margin for the trades below.
Followed a lot you on SVXY: STO 6/23 115 puts at 1.49
STO SVXY 6/16 125 puts at 1.04 and 0.90 (slippage in the time it took me to change platforms)
Will be rolling some WDC puts that are now ITM on Thurs or Fri. No point is losing the time value, will let them decay until right before expiration so I only have to cover intrinsic and will be doing the same with SWKS over the next 2-3 weeks. Or if the call premiums look good then may take assignment and start rolling CC.
Thanks for the ideas! Down days are profitable days when you sell options…………
$WDC
STO Jun 16 92 C @ 0.20 with stock at 85.45
This is covering stock and would put it back up near the recent highs. Don’t think it will get back there by Friday. This lowers my cost basis a bit more to 74.20.
0.20 is not much, but anything helps in an uncertain market now for tech.
VXX Game
#VXXGame Sold these near the open:
STO SVXY June 16th 120 put for 1.00
STO SVXY June 16th 115 put for .85
STO SVXY June 16th 105 put for .40
Notable Earnings After the Close,…
Notable Earnings After the Close, Monday or Before the Open on Tuesday:
DDC, JWA, SAIC
Notable Earnings After the Close, Tuesday or Before the Open on Wednesday:
CPST, HRB, LPG, MPAA
Notable Earnings After the Close, Wednesday or Before the Open on Thursday:
APPS, BOBE, JBL, YGE
Notable Earnings After the Close, Thursday or Before the Open on Friday:
LEN, SFUN
SPX spread
STO July 17, 2300/2200 put spread @ 3.70
EWZ
STO June 16, 34 calls @.43 against my long call position of the 20 calls in 2019.
$MOMO Bought to close June…
$MOMO Bought to close June 35 Puts @ o.15. Originally sold for 0.70.
$SVXY #ShortPuts Sold to open…
$SVXY #ShortPuts Sold to open July 21st 100 Puts @ 2.20 and 2.21.
$MU Bought to close June 16th 28 Puts @ .19. Originally sold for 0.74. Missed getting out at .02 last Friday.
$SVXY #ShortPuts – Sold various…
$SVXY #ShortPuts – Sold various weekly Puts on the drop to 150
Sold 1 SVXY Jun 16 2017 120.0 Put @ 1.04 – Expires Friday
Sold 1 SVXY Jul 7 2017 90.0 Put @ 1.02
Sold 1 SVXY Jul 21 2017 78.0 Put @ 1.04
Sold 1 SVXY Jul 21 2017 79.0 Put @ 1.14
Sold SVXY Aug 18 2017 75.0 Puts @ 1.40
$SVXY $UVXY
#VXXGame
STO SVXY Jun 16 $110 puts @ $0.60
STO SVXY Jun 23 $97 puts @ $0.54
STO SVXY Jun 23 $90 puts @ $0.64
STO SVXY Jun 30 $95 puts @ $0.70
STO SVXY Jun 30 $102 puts @ $1.28
STO SVXY Jul 7 $90 puts @ $0.91
STO SVXY Jul 14 $75 puts @ $0.65
STO SVXY Jul 21 $82 puts @ $1.05
STO SVXY Jul 21 $85 puts @ $1.25
STO UVXY Jun 30 $22 calls @ $0.35
Some of these I was clearly “early” and could have gotten better prices had I waited.
$UVXY #ShortCalls – Sold 1…
$UVXY #ShortCalls – Sold 1 UVXY Dec 15 2017 37.0 Call @ 1.75 with the stock at 11.
Highest strike and my first trade at this expiration.
SVXY puts
Sold:
$SVXY Jun 30 102 puts @ 1.10
$SVXY Jul 7 95 puts @ 1.20
AMZN
STO January 2019, 600 put @15.00
$SVXY #ShortPuts #IRA – Put…
$SVXY #ShortPuts #IRA – Put sales for THIS week with the stock at 153
Sold SVXY Jun 16 2016 112.0 Puts @ 0.55
Sold SVXY Jun 16 2016 113.0 Puts @ 0.60
Sold SVXY Jun 16 2016 114.0 Puts @ 0.65
SPX calls spreads sold
Sold to Open $SPX July 14th 2485/2510 call spreads for 1.90. #SPXcampaign
Econ Calendar for week of 6/12/17
Economic Data
1:01pm EST 10-y Bond Auction
2:00pm EST Federal Budget Balance – street sees -87.3B
Earnings before Open
CANNIMED THERAP (CME) – consensus EPS 0.02
HAMILTON LANE (HLNE) – consensus EPS 0.23
Earnings After Markets Close
SCIENCE APP INT (SAIC) – consensus EPS 1.00
STREAMLINE HLTH (STRM) – consensus EPS -0.10
Expired, Trades, and Closed Early
#optionsexpiration
$SPX 2285/2310 BUPS
$SPX 2265/2290 BUPS
$SVXY 140 put
Trades
#shortputs
$SVXY STO 6/16 123 put @ .90 Thank you @vxxkelly
$MS STO 8/18 45 put @ 2.37
#Closed Early
$SPX 6/30 BTC 2485/2460 BECS @ 3.00 Sold for 1.80 Premature ejection from GTC order
$SPX 6/14 BTC 2475/2450 BECS @ 1.95 STO on 6/8 @ 3.50 Thank you @jeffcp66
A little late posting. Friday a great golf day. Everyone have a pleasant summertime weekend even though it is spring.
SPX chart and VIX Indicator…
SPX chart and VIX Indicator have been updated
Click “Home/REFRESH” above to update
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?????
Options Bistro 