I have some expiring today so I am replacing some of them.
SVXY STO August 25, 60 puts @ .60
SVXY STO august 11, 72.5 puts @ .75
SVXY STO August 11, 73.5 puts @.85
SVXY STO August 11, 75 puts @.95
Monthly Archives: July 2017
FIZZ a wild one
#Earnings After it peaked above 110 yesterday and I dumped my 103.5 shorts for .15 and taking a nice profit on this earnings trade, it just opened with a spike down to 101.00. Was able to sell one of my long 100 puts for .40. Pretty volatile stock, intraday. Might be worth watching for options trades.
$UVXY
New higher strikes available on the weeklies this morning.
Economic Data
No economic data out today
Earnings before Open
AUTOLIV INC (ALV) – consensus 1.48
CITIZENS FIN GP (CFG) – consensus 0.59
COLGATE PALMOLI (CL) – consensus 0.72
ENCANA CORP (ECA) – consensus 0.04
FIFTH THIRD BK (FITB) – consensus 0.42
GENL ELECTRIC (GE) – consensus 0.25
HONEYWELL INTL (HON) – consensus 1.78
KANSAS CITY SOU (KSU) – consensus 1.26
MOBILE MINI INC (MINI) – consensus 0.26
MOODYS CORP (MCO) – consensus 1.33
NVR INC (NVR) – consensus 28.63
REGIONS FINL CP (RF) – consensus 0.24
SCHLUMBERGER LT (SLB) – consensus 0.30
SUNTRUST BKS (STI) – consensus 0.98
WEBSTER FINL CP (WBS) – consensus 0.60
Earnings After Markets Close
No after-market earnings today
Trades Today
#shortputs
$SWIR STO 8/18/30 puts @ 2.15
#shortcalls
$NFLX STO 8/4/2017200/190 BECS @ 1.90
SPX chart and VIX Indicator…
SPX chart and VIX Indicator have been updated
NVDA ITM put
#Earnings #Rolling #ReverseRoll
After flipping to being mostly long from my busted short calls last quarter, I just closed the
$NVDA July 21st 175 put for 7.68 to avoid possible early assignment overnight. This was sold for 21.75 on June 9th (inside the 175/145 put spread for 17.00).
I would like to continue playing this one long so I will look for the next pullback to replace it.
Also, BTC NVDA July 21st 160 put for .06, just to be safe. Sold for 10.50 on June 8th.
$TRIP #ShortPuts #FallingKnife – Bought…
$TRIP #ShortPuts #FallingKnife – Bought to close 1 TRIP Jul 21 2017 38.0 Put @ 0.05 to avoid possible assignment tomorrow. The stock is falling hard today.
Originally sold on 05/26/2017 at 1.35.
$CMG #FallingKnife Sold $CMG Jan…
$CMG #FallingKnife
Sold $CMG Jan 19 2018 275 put @ 5.70.
Adding to a put ladder which is now Aug 355, Dec 350, Jan 275
SPX trades
#SPXcampaign Bought to close $SPX July 20th 2450/2425 put spreads for .15. Sold for 6.80 last week. Can’t leave it to expire due to Friday morning settlement on monthly options.
STOPPED: Bought to close $SPX July 24th 2465/2490 call spreads for 10.00. Sold last week as part of a #CondorRoll for 5.50.
Partial Roll: Sold July 28th 2465/2440 put spreads for 3.70.
Visa broken-wing
#Earnings #BrokenWingButterfly
Bought to open $V July 21st 96/100/102 BWBF for 1.68. This buy 1×96 call, sell 2×100 calls, and buy 1×102. The trade has bullish bias… top profit of 2.32 if it ends Friday at 100. Minimum profit of .32 no matter how high it goes. Max loss 1.68 below 96.00.
Visa has a bullish chart with high open interest at 100.
Biggest UP move: 10.2%, Biggest DOWN move: -3.6%, Average move: 3.4%. Top profit is at +1.6%.
FIZZ earnings closed
#Earnings Bought to close $FIZZ July 21st 103.5 puts for .15. Sold in the 103.5/100 put spreads for 1.25 on July 12th. Rode through a dip below 95 before recovering. Good thing I had 7 days in the trade!
GWW
STO December 140 put @ 2.90 with the stock at 1.65.50
Hey Y’all – yes, I’m…
Hey Y’all – yes, I’m a southerner & speak fluent southern. Check out AAOI.
Sorry that I have not…
Sorry that I have not posted news & earnings today but my email on my MAC got messed up by me and it is hanging up all other apps.
$NUGT #CoveredCalls – NUGT is…
$NUGT #CoveredCalls – NUGT is running so I rolled up my covered calls at a profit
Bought to close NUGT Jul 21 2017 32.5 Calls/ Sold NUGT Jul 28 2017 34.0 Calls @ 0.25 Credit
SPX reverse roll
#SPXcampaign #ReverseRoll Switched an ITM call spread for an ITM put spread:
Bought to close $SPX July 31st 2475/2500 call spreads for 9.50. Sold for 5.70 last Friday.
Sold to Open SPX July 31st 2485/2460 put spreads for 9.60.
Also, closed on GTC order: Aug 4th 2330/2305 put spreads for .20. Sold for 1.35 on July 7th.
SPX needed pullback
#Market #SPXcampaign Don’t let today’s pullback fool you… I believe we are still going higher in next couple weeks at least. If you agree, be sure to use this pullback to release pressure from call spreads and sell some aggressive put spreads. Don’t go overboard, but don’t miss the opportunity to shift weight from short-the-market to long.
$DVN #ShortPuts #FallingKnife – Sold…
$DVN #ShortPuts #FallingKnife – Sold DVN Jan 19 2018 27.5 Put @ 1.33 with the stock at 32.62
ISRG earnings
#Earnings Sold to Open $ISRG July 21st 900/875 put spreads for 1.15. Not a great risk/reward, but high probability given its mostly minor moves down on earnings, highly bullish chart and sector.
Over last 12 earnings, Biggest UP move: 17.7%, Biggest DOWN move: -5.6%, Average move: 5.7%. This trade is -6.7% OTM.
EDIT: you might be able to get more for this… bid/ask spreads very wide but I was filled immediately on mid price. Try for more premium and back your way down until filled.
$CHRW #ShortPuts #FallingKnife – Sold…
$CHRW #ShortPuts #FallingKnife – Sold CHRW Jan 19 2018 55.0 Put @ 1.55 with the stock at 64.76
$UVXY
Bought stock at $30.50 to close out short. Started climbing higher so just closed out. Actually made a little money on the whole thing.
$UVXY
STO Jan’19 $5 call @ $25.44, replacing the call that got exercised.
$DUST #ShortPuts #Rolldown –the last…
$DUST #ShortPuts #Rolldown –the last rolls on profitable DUST put positions for this week.
Bought to Close DUST JUL 21 2017 36.0 Puts /Sold DUST AUG 18 2017 35.0 Puts @ 0.19 Credit
Earnings update
#Earnings $PII looking good but $SRPT setting up for its biggest UP ever on earnings… currently outside my condor. Someone tame this thing.
$UVXY
I missed that I had this position close on Tuesday.
BTC UVXY Sept 15 25/100 $60 calls @ $.05, sold for $4.00
Also, I had one of my Jan ’19 $5 short calls get executed last night, sold yesterday. So today I will try to sell another one to match up with the long $10 call or will need to close down a $10 call. I’m now short 100 shares of something that is very hard to borrow. How do I find out what the carrying cost is of being short these things?
SPX Chart and VIX Indicator have been updated
Upside Warning came through in spades again.
$URI #ShortPuts #Earnings – Sold…
$URI #ShortPuts #Earnings – Sold URI Jul 21 2017 108.0 Puts at 0.36 with the stock at 118.75.
These expire in 2 days
$CMG #ShortPuts #FallingKnife – Bought…
$CMG #ShortPuts #FallingKnife – Bought to close CMG Jul 21 2017 337.5 Puts @ 0.05.
Sold these yesterday at @ 0.55 and @ 1.10
Earnings $URI
$URI STO 7/21 112 puts @1.15
SVXY
STO August 25, 65 puts @ .80
SPX trades
Closed on GTC order: $SPX July 24th 2415/2390 put spreads for .25. Sold as part of a #CondorRoll for 5.50 on July 12th.
STOPPED: Closed July 20th 2450/2475 call spreads for 19.60. Sold for 3.75 on July 7th. Added 2450/2425 put spreads for 6.80 on July 13th, creating an #IronButterfly and total premium to 10.55.
#IBroll – Sold to Open July 31st 2445/2470/2495 iron butterfly for 15.65. If I can get out of this IB for less than 6.50 I will have some profit in overall trade. More likely, I’ll be rolling something again.
#ITMroll Closed SPX July 26th 2430/2455 call spreads for 22.85. Sold for 15.20 last week.
Selling Aug 2nd 2435/2460 as a roll, hopefully for 21.00 or more. Will add put spread, too.
SPX Campaign Long Calls Short Puts
Closed Early
#spxcampaign
$SPX BTC 7/21 2410/2435 BUPS @ 85% profit
$SPX STC 7/21 2465/2485 BUCS @ 9.00 BTO 7/14 for 2.42 Great trade @jeffcp66
$SPX BTC 7/21 2425/2450 @.50 STO on 7/14 for 6.80 Need I say great again @jeffcp66 (YES I DO!)
#spxcampaign
$SPX STO 8/18 2540/2515 BECS @ 2.00 Thank you @jeffcp66
#longcalls
$JD BTO 8/18 42/44 BUCS @ .95 (Bridget at OMM)
#shortputs
$AAOI STO 8/11 65 put @2.25 Thank you @rknight52
$VEEV STO 8/18 60 puts @ 1.55 Thank you @jdietz1954
$BABA STO 8/18 135/145 BUPS @ 1.65
$AAOI STO 7/28 80/90 BUPS @ 3.32
URI
#Earnings – Two trades in one playing it slightly to the bullish side…something different for fun since I couldn’t decide which one to do. LOL
Sold 1 URI JUL 21 2017 120.0/115.0 Bull Put Spread @ 2.25
And outside that Sold 1 URI JUL 21 2017 114.0/128.0 Strangle @ 2.45
PII earnings
#Earnings Have not traded this before, but decent premium available outside its average range (although not outside its largest moves).
Sold to Open $PII July 21st 80/85/100/105 #IronCondors for .75. Biggest UP move: 9.3%, Biggest DOWN move: -10.2%, Average move: 5.1%. Short strikes are about +7.7% and -8.5% OTM
SRPT earnings
#Earnings Sold to Open $SRPT July 21st 28/31/36.5/39.5 #IronCondor for .70. Low priced stock means risk is lower if assigned… strangle worked nicely last quarter, making it a condor this time due to exceptionally better margin requirement my broker is giving me versus a strangle.
Over last 12 earnings, Biggest UP move: 7.2%, Biggest DOWN move: -8.8%, Average move: 5.2%. My short strikes are about +/- 8.0% OTM.
SVXY
#LongCallDiagonals – Rolling front month short call out and up a little…
Rolled SVXY JUL 21 2017 83.75 Calls to AUG 4 2017 85.0 Calls @ .15 credit
be very careful of what…
be very careful of what will happen today, Trump telling GOP to accept health care before they leave. If they agree the market will be significantly up if not it will tumble.
DLNG closed puts
#ShortPuts BTC DLNG Jul 21 15 puts @ .05, STO @ .96 on Jun 14 closed out early not sure price would hold before Friday’s expiration.
Closing Aug DRIP
Because of the lack of liquidity in these options, I usually expect that they’ll go all the way to expiration, but there’s a relatively tighter bid/ask spread in this contract (I use the term loosely for this underlying) so I was able to get out for around 85% of the the max profit. Still have positions in July, Sep and Dec.
Bought to close $DRIP Aug 18 35 calls @ .22. Sold for 1.61-1.64 on 6/21.
$VEEV
#ShortPuts Sold Aug 60 Puts @ 1.45 with $VEEV @ 64.11. Taking a small position that will be gone before earnings or vacation which ever comes first. They haven’t announced yet but a quick check shows Q2 earnings at the end of August the past two years.
SPX long calls sold
#SPXcampaign Sold the second half of my long call spread, July 21st 2465/2485 spreads for 7.50. Bought for 2.65 last Thursday, with #RiskReversal so cost basis was zero. To take off all risk, closing the put-spread half of the risk-reversal, too:
Bought to close July 21st 2435/2410 put spreads for .30. Sold last Thursday for 2.95.
$UVXY
STO Jan’19 $10/$5 call spreads @ $3.39
$GWW #FallingKnife Adding to December…
$GWW #FallingKnife
Adding to December at a lower strike.
Sold $GWW Dec 15 130 put @ 2.10.
$AMZN #CoveredCalls Sold $AMZN Aug…
$AMZN #CoveredCalls
Sold $AMZN Aug 18 1130 call @ 5.20
URI
SVXY
#VXXGame – Think I’ll let the last of my stock get called away this week. I’ll try selling the covered position if I can get a similar price to save the exercise fees too. Would like to replace it so going this route to limit downside if we implode but still get a great return if it continues up.
Sold SVXY JUL 28 2017 95.0/90.0 Bull put spreads @ 3.26
$ALXN #ShortPuts #FallingKnife – Bought…
$ALXN #ShortPuts #FallingKnife – Bought to close ALXN AUG 18 2017 85.0 Puts @ 0.05. Nothing more to make here. They won’t trade any lower.
Originally sold on 04/07/2017 at 1.65.
—
$DUST #ShortPuts #Rolldown – more…
$DUST #ShortPuts #Rolldown – more rolls on profitable DUST put positions this week.
Bought to Close DUST JUL 21 2017 35.0 Puts /Sold DUST AUG 11 2017 34.0 Puts @ 0.15 Credit
$NFLX #ShortCalls – Sold NGLX…
$NFLX #ShortCalls – Sold NFLX Jul 21 2017 195.0 Calls @ 0.37 with the stock at 185.55. I don’t think the stock has another 10 points in it in the next 2 1/2 days.
Of course I’ve been wrong before 🙂
$DUST #ShortPuts #Rolldown – more…
$DUST #ShortPuts #Rolldown – more rolls on profitable DUST put positions this week.
Bought to Close DUST JUL 21 2017 35.0 Puts /Sold DUST AUG 25 2017 33.0 Puts @ 0.20 Credit
$AAPL #ShortPuts – Bought to…
$AAPL #ShortPuts – Bought to close AAPL JUL 21 2017 139.0 Puts @ 0.01.
Originally sold on 06/19/2017 at 1.03
UVXY
#TakeOneForTheTeam #VXXGame – Let’s see how this goes….staying small enough to widen or add if a roll is needed. Also to partly hedge the short SVXY calls out in Jan.
Sold UVXY SEP 15 2017 35.0/40.0 Bear call spreads @ .81
$TRIP #CoveredCalls – Sold TRIP…
$TRIP #CoveredCalls – Sold TRIP JUL 28 2017 40.0 Calls @ 0.30
UVXY and TDA interesting situation today…
Yesterday sold this:
Sold UVXY Jan 18 2019 5.0/15.0 Bear call spreads @ 5.04
Email this morning saying I was assigned on 2 of the short 5 strike calls but…no short shares in the account and short calls are missing. Said he had a long list of accounts with the same issue. I’ll take the short position if they can make it work. Can cover the stock and re-sell the calls for a better gain than if nothing happened (as long as UVXY stays lower today). Waiting to hear the verdict from the guys researching the issue.
SPX calls sold
#SPXcampaign. Sold to Open $SPX Aug 17th 2515/2540 call spreads for 1.60, with SPX at new all-time highs.
Also, closed on GTC order: Aug 4th 2320/2295 put spreads for .20. Sold for 1.30 on July 3rd.
$AAOI – BTC Jul 28…
$AAOI – BTC Jul 28 65P for .05. Originally sold for 1.45 on 7/13.
IBM closed / Earnings updates
#Earnings Bought to close $IBM July 21st 152.5/155 call spreads for .15. Sold yesterday for 1.25 and 1.30. Revenue down for 21st straight quarter. Ouch.
UAL trade a bust, but a low cost entry. Need a news story to push it back to 80 by Friday.
FIZZ trade from last week had fizzled but may recover to a smaller loss by Friday.
JNJ tight condor, closed the short 132 puts for .05, need it to settle below 134 for profit zone.
NFLX, MDSO, winners of the week so far.
NFLX UVXY yesterday
Was out all day yesterday but filled on a couple standing orders I had…
Bought to Close NFLX JUL 21 2017 160.0/155.0 Bull put spreads @ .10 (sold for 2.05) Thanks @Jeff !
Sold UVXY Jan 19 2018 30.0/40.0 Bear call spreads @ 2.20
Sold UVXY Jan 18 2019 10.0/25.0 Bear call spreads @ 5.08
Sold UVXY Jan 18 2019 5.0/15.0 Bear call spreads @ 5.04
CF
BTC August 18, 22.5 puts @ .05, sold @ 1.15
Question on Collars???
Anyone here use collars on a stock you still want? Buying a protective put and selling a covered call? Pros and cons? Put it on for even or skew it slightly? What say you?
Expiration before or after earnings and how far?
$UVXY
Looks like we still don’t have post reverse split weeklies.
Economic Data
8:30am EST Building Permits – street sees 1.20M
8:30am EST Housing Starts – street sees 1.16M
10:30am EST Crude Oil Inventories – street sees -3.6M
Earnings before Open
AVANGRID INC (AGR) – consensus 0.37
COMMUN TRUST BC (CTBI) – consensus 0.67
DIEBOLD INC (DBD) – consensus 0.10
M&T BANK CORP (MTB) – consensus 2.28
MORGAN STANLEY (MS) – consensus 0.76
NORTHERN TRUST (NTRS) – consensus 1.24
SIGNATURE BANK (SBNY) – consensus 2.22
TEXTRON INC (TXT) – consensus 0.55
US BANCORP (USB) – consensus 0.84
Earnings After Markets Close
ALCOA CORP (AA) – consensus 0.59
AMER EXPRESS CO (AXP) – consensus 1.46
BERKSHIRE HILLS (BHLB) – consensus 0.57
BLACKHAWK NETWK (HAWK) – consensus -0.25
CDN PAC RLWY (CP) – consensus 2.05
CH ROBINSON WWD (CHRW) – consensus 0.90
CHOICE PPT REIT (CHP) – consensus 0.26
CROWN CASTLE (CCI) – consensus 1.15
CROWN HLDGS INC (CCK) – consensus 1.10
CVB FINL (CVBF) – consensus 0.26
FIRST CT BANCRP (FBNK) – consensus 0.33
KINDER MORGAN (KMI) – consensus 0.14
NVE CORP (NVEC) – consensus 0.66
PLEXUS CORP (PLXS) – consensus 0.72
QUALCOMM INC (QCOM) – consensus 0.67
RLI CORP (RLI) – consensus 0.54
SAREPTA THERAP (SRPT) – consensus -0.92
STEEL DYNAMICS (STLD) – consensus 0.63
T-MOBILE US INC (TMUS) – consensus 0.36
TRIUMPH BANCORP (TBK) – consensus 0.33
UTD RENTALS INC (URI) – consensus 2.31
VALMONT INDS (VMI) – consensus 1.93
WESBANCO INC (WSBC) – consensus 0.62
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close 16 UVXY 5/100 60.0 Calls @ 0.01 on a partial fill of a big position.
This is a very old position from 2 splits ago.
My average cost was about 3.77 per option, so a real nice gain.
$NFLX – up 14% today….
$NFLX – up 14% today. Ignore these and enjoy the ride ..
$HOG ShortPuts #FallingKnife – Sold…
$HOG ShortPuts #FallingKnife – Sold 1 HOG Jan 19 2018 40 Put @ 1.26
Reducing SVXY exposure
I’m only doing this to trim back position size which had gotten too big during the volatility a few weeks ago. Taking these off at a good profit % and making room to sell more on the next volatility spike.
Bought to close:
$SVXY Aug 4 42.50 puts @ .09 Sold for .53 on 7/6
$SVXY Aug 4 45.00 puts @ .05 Sold for .70 on 7/6
$SVXY Aug 4 47.50 puts @ .12 Sold for .73 on 7/5
$SVXY Aug 4 50.00 puts @ .12 Sold for .75 on 6/27
$SVXY Aug 11 42.50 puts @ .10 Sold for .60 on 7/6
$SVXY Aug 18 35.00 puts @ .08 Sold for .53 on 6/29
$SVXY Aug 18 37.50 puts @ .15 Sold for .62 on 5/31
$SVXY Aug 18 40.00 puts @ .17 Sold for .70 on 5/31
$SVXY Aug 18 42.50 puts @ .21 Sold for .90 on 5/31
$SVXY Aug 18 45.00 puts @ .27 Sold for 1.25 on 6/15
$SVXY Sep 15 27.50 puts @ .18 Sold for .80 on 3/23
#VXXGame
$CMG ShortPuts – Sold 1…
$CMG #ShortPuts #FallingKnife – Sold 1 CMG Jul 21 17 337.5 Put @ 1.10 with the stock at 364.75. This expires Friday.
Lowest available strike
TSO
BTC August 18, 65 put @ .01, sold @ 1.65
I think this was a trade from Iceman.
Hey Y’all – Look at…
Hey Y’all – Look at AAOI.
UAL earnings
#Earnings #CallButterfly $UAL is not a big mover on earnings. There is high Open Interest at the 80 put and call strike. Chart mildly bullish. So this butterfly profits best if we end the week at 80. Max loss is only the cost of the spread, .40. Max gain 1.60.
Bought to Open $UAL July 21st 78/80/82 call butterflys for .40. Biggest UP move: 4.5%, Biggest DOWN move: -4.3%, Average move: 1.6%. Breakevens at 78.40 and 81.60.
TRTN Closing Down Covered Call
#CoveredCalls
$TRTN I’m bullish on this 5.44% div yielder, shares up 12%, Oct 35 covered call strike almost breached yesterday, so I’m BTC CC @ 2.40, STO @ 2.20 on May 24, a roll out and up would have been a debit. Will play to cover this trade when appropriate, also have Oct 30 35 put STO @ 2.90 up 34%.
IBM earnings
#Earnings In such a bullish market I rarely sell ATM call spreads, but this one seems a pretty good candidate. Only one time in last 12 quarters has the stock gone up on earnings, and the chart looks bearish. Risk/reward ratio 1:1.
Sold $IBM July 21st 152.5/155 call spreads for 1.25. Max risk 1.25. Biggest UP move: 2.2%, Biggest DOWN move: -7.1%, Average move: 3.6%.
$NFLX #ShortCalls – Sold 1…
$NFLX #ShortCalls – Sold 1 NFLX Jul 21 2017 190.0 Call @ 1.06 with the stock at 183.49.
I’ll ride this one until expiration on Friday.
$TRIP #CoveredCalls – Sold TRIP…
$TRIP #CoveredCalls – Sold TRIP Jul 28 2017 40.0 Calls @ 0.20. Earnings are in early August
Options Bistro 