#spxcampaign
$SPX 2240/2340 BUPS STO @ 4.60 on 6/6
Attaboy @alsumde
Daily Archives: Wednesday, July 12, 2017
$MNK #ShortPuts #FallingKnife – Bought…
$MNK #ShortPuts #FallingKnife – Bought to close 1 MNK JUL 21 2017 35.0 Put @ 0.05.
Originally sold on 11/30/2016 at 2.30
$ANF $MYL $VTR – missed…
$ANF $MYL $VTR – missed posting these trades earlier, closing out short positions at minimum value.
A couple of these are gone more than a month early!
Bought to Close 2 ANF AUG 18 2017 15.0 Calls @ 0.01
Originally sold at 1.00 on 12/22/16
Bought to Close 2 MYL JUL 21 2017 35.0 Puts @ 0.01
Originally sold at 0.57 on 03/01/17
Buy to Close 1 VTR AUG 18 2017 55.0 Put @ 0.05
Originally sold at 0.55 on 04/24/17
SPX Chart and VIX Indicator have been updated
#VIXIndicator The Downside Warning was canceled today with a VIX close below the 78.6% Fib line. If we get two more consecutive closes below 10.61, it will fire an Upside Warning.
SPX ITM roll
#SPXcampaign Sold to Open $SPX July 26th 2430/2455 call spreads for 15.20, as an #ITMroll of July 19th spreads stopped this morning.
AAL
BTC August 18, 35 puts @.05, sold @ .65
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Aug 25 95.0 Puts @ 1.15 with the stock at 165.55.
Traded these basically because I’m bored with this market
Rolled SWKS Jul 21 95…
Rolled SWKS Jul 21 95 puts to aug 18 92.5 puts for .50 credit. Sold for 1.2 and there is still a lot of time value left but with the market up taking advantage of the roll today. On vacation next week and now nothing expiring next week so if the market does something stupid I have another week before have to adjust anything.
A few more rolls tomorrow then will take a week away from trading but the theta decay will still be working!
#SPXcampaign $SPX June 12th 2240/2340…
#SPXcampaign
$SPX June 12th 2240/2340 BuPS Expiring worthless sold on 6/6 /2017 for $4.50. I should close this a while ago but the BuPS was safe to keep till expiration today
SPX trades
#SPXcampaign Had several near-the-money call spreads getting crushed today. Such is the game when you lean short. Stopped out on a couple:
Bought to close $SPX June 14th 2435/2460 call spreads for 10.40. Sold for 5.70 last Thursday.
Sold to Open $SPX June 24th 2390/2415/2465/2490 #CondorRoll for 5.50, twice the position size.
Bought to close June 19th 2425/2450 call spreads for 16.20. Sold for 14.00 on July 5th. Looking to make an #ITMroll to July 26th 2430/2455.
EWZ
#LongCallDiagonals – Looking at an exit point up around 40 if she gets there. Adjusting the front month calls to keep plenty of long deltas…
Two-thirds of position:
Bought to Close EWZ JUL 21 2017 36.5 Calls @ .20 (sold for .56)
Sold EWZ AUG 18 2017 37.0 Calls @ .60
One-third position:
Rolled EWZ JUL 21 2017 34.5 Calls to SEP 15 2017 36.0 Calls @ .06 debit (original sale of .41)
These will keep long deltas all the way to the 41 area according to the TOS analyze tab. If we get close to that I’ll book it and look for a re-entry point…
STO XBI Aug 25 72.5…
STO XBI Aug 25 72.5 puts at 1.09. Had more margin left over so added another week to the ladder. Now have 5 weeks running and just waiting on theta decay.
FIZZ earnings
#Earnings Never traded this one before but it has some decent premium and a very bullish trend, and bullish historical moves on earnings. It moved up quite a lot in the last week so a pullback may be in order, so this almost-ATM spread is lower probability but decent risk/reward.
Sold to Open $FIZZ July 21st 103.5/100 put spreads for 1.25.
Biggest UP move: 10.7%, Biggest DOWN move: -3.5%, Average move: 3.5%. This trade is -0.7% OTM.
NVDA
BTC September 15, 80 puts @.10 cents. Sold @ 2.61, just taking risk off the table in hope of a minor correction. I am giving up on the big correction for now.
$TRIP #CoveredCalls – Sold 1…
$TRIP #CoveredCalls – Sold 1 TRIP Aug 11 2017 41.0 Call @ 1.10 with the stock at 36.92.
30 days until expiration.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close UVXY Jul 21 2017 32.0 Calls @ 0.01.
Originally sold 2 @ 0.91 and 2 @ 0.96 on 5/17/17
UVXY
SVXY
Rolled January 2019, 320 call to 330 call for a debit of 1.15
Things may have changed
We opened with the Highest $TICK reading since last September. With today’s open and VIX collapse below 10.50, things may have changed and Downside could be over. If this holds for today it is likely we will push to new highs by Friday. That’s what I will look for if VIX remains low today, and I will be rolling call spreads.
AMD puts
BTC July 21, 12 puts @.05, sold at 1.35 taking off 8 trading days early
Dow futures jump 100 points…
Dow futures jump 100 points as Yellen signals gradual rate increases ahead
http://www.cnbc.com/2017/07/12/us-markets-seen-mixed-ahead-of-yellens-congress-address.html
Economic Data
10:00am EST Fed Chair Yellen Testifies
10:30am EST Crude Oil Inventories-3.2M
1:01pm EST 10-y Bond Auction
2:00pm EST Beige Book
Earnings before Open
ALIMENT COU-NEW (ATD) – consensus 0.61
BANK OF OZARKS (OZRK) – consensus 0.73
BARNES NOB EDUC (BNED) – consensus 0.20
FASTENAL (FAST) – consensus 0.50
MSC INDL DIRECT (MSM) – consensus 1.09
Earnings After Markets Close
ARITZIA INC (ATZ) – consensus 0.09
Options Bistro 