#SPXcampaign Finally firing off some put spreads as we flush into close…
Sold to Open $SPX July 7th 2390/2365 put spreads for 1.75. Expire tomorrow.
More coming…
Daily Archives: Thursday, July 6, 2017
$SVXY #ShortPuts – Sold 1…
$SVXY #ShortPuts – Sold 1 SVXY Aug 4 2017 85.0 Put @ 1.09 with the stock at 150.30.
$SVXY #ShortPuts – Sold 1…
$SVXY #ShortPuts – Sold 1 SVXY Aug 4 2017 90.0 Put @ 1.28 with the stock at 149.80.
$SVXY
Been staying patient and very short term. Feels like there is more downside to come.
STO July 14 $115 puts @ $0.75, below the 4/13 low.
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY Jul 28 2017 20.0 Calls @ 0.59 with the stock at 10.98.
$TSLA #ShortPuts – Sold 1…
$TSLA #ShortPuts – Sold 1 TSLA JUL 28 2017 245.0 Put @ 1.19. Lowest available strike
Adding DRIP in Sep
New highest strike (at least new to me–it was added a week or two ago).
Sold $DRIP Sep 15 40 call @ 1.35.
SJM adding
I took the original Iceman #FallingKnife trade (Jan 105 puts) last week. With the continued move down, I sold a lower strike in January.
Sold $SJM Jan 19 2018 100 put @ 1.50
#rolling TSLA On May 5…
#rolling TSLA On May 5 I sold a couple 340/345 call spreads, really bad timing. I rolled them to July 21, 360/370,closed today, making $80, leaving 70 on the table, a couple of you TSLA bears provided inspiration to hang in-thanks as always
SPX calls sold
#SPXcampaign Forgot to do this on the bounce today… but still sufficiently OTM for little concern…
Sold to Open $SPX Aug 4th 2475/2500 call spreads for 1.75, with SPX at 2414.
SPX trades, part 3
#SPXcampaign Closed $SPX July 17th 2390/2365 put spreads for 3.60. Sold as part of a #CondorRoll for 5.10 on June 30th.
Sold to Open SPX July 14th 2435/2460 call spreads for 5.70… filled on this on the top tick of the afternoon, at 2423.
Closed on GTC order: July 20th 2490/2515 call spreads for .20. Sold for 1.40 on June 23rd.
SVXY
In my IRA
STO July 28, 90 puts @.90 cents.
SVXY puts
In my IRA, STO July 28, 90 puts @.90 cents.
SVXY Sold these near the open
$SVXY Aug 18 85 put @ 1.70
$SVXY Aug 11 85 put @ 1.20
$SVXY Jul 28 100 put @ 1.35
$SVXY Jul 14 120 put @ 1.30
SVXY Puts Sold
STO 2 SVXY Aug 18 80 puts @ 1.30, share price 155.00, have a 114 put expiring tomorrow, like to keep some cash available, by balancing margin trade at equal value with new trade, or a little more.
Rolling, rolling, rolling, keep those options rolling!
Rolled SVXY 7/10 110 puts to 7/28 110 for 0.65 credit
SVXY 7/7 150 puts to 7/28 125 for 1.65 credit
SVXY 7/17 95 puts to 7/28 100 for 1.3 credit
All were sold for 0.85-1.5 a few weeks back.
On vacation week of 7/21 so trying to move strikes a week out so don’t have to trade that week. We will be on Nantucket so can get internet if needed but more fun to kiteboard and hang on the beach with the family.
Reached a long term goal, was trying to get theta decay to over $400 across 7 different accounts, hit it this week with daily theta decay of $484. If I can keep that level long term may make more trading than working and I guess that would be considered professional level?!
$SVXY #ShortPuts – some more…
$SVXY #ShortPuts – some more small #IRA trades –
Sold 1 SVXY Jul 28 1017 95.0 Put @ 1.18
Sold 1 SVXY Aug 11 2017 80.0 Put @ 1.18
SPX more trades
#SPXcampaign Sold $SPX July 7th 2425/2450 call spreads for 3.25. A roll from stopped put spread; aggressively near-the-money, but following my thesis that we are going lower. I will be wrong if we end the day above 2430 and roll. If we get a strong push down later I will try to sell a put spread for about 1.80 to make up for full cost of exiting the earlier spread.
#IBroll Bought to close July 12th 2420/2395 put spreads for 7.20. This was part of the #IBroll sold last week for 18.85. I rolled the call side up yesterday… will #ITMroll this one down when we hit lower levels on the index.
Auto parts
After disappointing news from ORLY yesterday, and its biggest one-day drop in history, AZO also took a big hit… fortunately the day after I threw in the towel on my final short put, exiting with a small profit. Amazon has this whole sector spooked.
ProShares Announces ETF Share Splits
Not sure if this has been posted yet, but mark your calendars for forward and reverse splits effective Monday, July 17th. This action includes SVXY and UVXY, and others for a total of 10 ETF’s to split.
http://www.proshares.com/news/2017-6-27.html
SVXY puts
STO August 11, 85 puts @ 1.40
STO August 11, 80 puts @ 1.10
I am scaling in small positions if I am assigned.
$SVXY #ShortPuts – some #IRA…
$SVXY #ShortPuts – some #IRA cash backed trades –
Sold SVXY Jul 28 2017 90.0 Puts @ 0.98
Sold SVXY Aug 11 2017 85.0 Puts @ 1.40
Sold SVXY Aug 18 2017 85.0 Puts @ 1.70
SPX trades, and market today
#Market I believe the direction today is down and feel we should see better opportunity to sell volatility later today.
#SPXcampaign
Closed on GTC order: July 14th 2470/2495 call spreads for .20. Sold for 3.60 on June 22nd.
STOPPED: July 7th 2415/2390 put spreads for 4.90. Sold for 3.00 on Monday. Looking to roll this, possibly by legging into a #CondorRoll expiring tomorrow.
$TSLA #ShortPuts – Selling offsetting…
$TSLA #ShortPuts – Selling offsetting puts against long term 500/550 Calls.
Sold TSLA JUL 14 2017 260.0 Puts @ 0.57.
Six days to expiration
$UVXY #ShortCalls – a couple…
$UVXY #ShortCalls – a couple for the next two expiration Fridays –
Sold UVXY JUL 14 2017 18.0 Calls @ 0.28
Sold UVXY JUL 21 2017 27.0 Calls @ 0.25
SVXY puts
STO August 4, 85 puts @1.10
STO August 4,105 puts @ 2.15
Economic Data
7:30am EST Challenger Job Cuts y/y
8:15am EST ADP Non-Farm Employment Change184K
8:30am EST Unemployment Claims243K
8:30am EST Trade Balance-46.3B
9:45am EST Final Services PMI53.0
10:00am EST ISM Non-Manufacturing PMI56.5
10:00am EST FOMC Member Powell Speaks
11:00am EST Crude Oil Inventories-2.4M
7:30pm EST FOMC Member Fischer Speaks
Earnings before Open
AZZ INC (AZZ) – consensus 0.61
ROCKY MT CHOC (RMCF) – consensus N/A
Earnings After Markets Close
CHEROKEE INC (CHKE) – consensus 0.13
TECSYS INC (TCS) – consensus 0.14
Options Bistro 