$IBM #ShortPuts #Earnings – Sold IBM Jul 21 2017 141.0 Puts @ 0.41 with the stock at 152.50
Monthly Archives: July 2017
$UAA #ShortPuts #FallingKnife – Sold…
$UAA #ShortPuts #FallingKnife – Sold 1 UAA Jan 19 2018 17.5 Put @ 1.33
$CMG #ShortPuts – Sold CMG…
$CMG #ShortPuts – Sold CMG Jul 28 2017 300.0 Puts @ 0.60 with the stock at 367.26.
This stock is getting crushed. Earnings on the 25th.
Lowest available strike.
$NFLX #ShortCalls – Sold 1…
$NFLX #ShortCalls – Sold 1 NFLX Jul 21 2017 185.0 Call @ 1.02 with the stock at 180.63
I was going to ride my sale from yesterday to expiration anyway, so adding on a bit.
This trade is not for the timid.
edit:
I was a bit early on the last trade.
Sold 1 NFLX Jul 21 2017 185.0 Call @ 2.04 with the stock at 182.45
VXX Game
UVXY, STO September 15, 65 call @2.20 on 1 contract
SVXY STO August 25, 52.5 puts @.55
$UVXY
STO Aug 18 $32/$27 Call spreads @ $2.30
STO Sept 15 $30/$25 Call spreads @ $2.30
Would like to have gotten $2.50. Defined risk way of playing for the continued drop in $UVXY. Using this to supplement naked positions.
$GWW #ShortPuts #Earnings – Sold…
$GWW #ShortPuts #Earnings – Sold GWW Jul 21 2017 155.0 Puts @ 0.75 with the stock at 171.74.
This stock has gotten crushed since the last earnings report but the 3 year low was recently set at 167.44.
With it’s decent dividend I’d be inclined to take the stock at the strike price and start selling covered Calls.
SVXY
STO July 28, 80 puts @ 1.07 against my naked call positions in January
MDSO earnings closed
#Earnings Closed $MDSO July 21st puts for .05. Sold yesterday for 1.65.
So far today, looking at an ATM call spread on IBM (bearish) and a call butterfly at 80 for UAL.
$UVXY #ShortCalls – Sold 1…
$UVXY #ShortCalls #VXXGame – Sold 1 UVXY Sep 15 2017 65.0 Call @ 2.37 to start a new position.
This was the only one I could get done before UVXY gave up it’s early morning gain.
$NFLX #Earning – Bought to…
$NFLX #ShortPuts #Earning – vs. my sales from yesterday
Bought to close NFLX Jul 21 2017 137.0 Puts @ 0.01
Bought to close NFLX Jul 21 2017 138.0 Puts @ 0.01
Bought to close NFLX Jul 21 2017 139.0 Puts @ 0.01
$UVXY #VXXGame – New options…
$UVXY #VXXGame – New options start trading today. Highest strike across the board is 65.0 on the MONTHLY expirations = 16.25 strike on the old options.
A move to that strike would represent a stock move of about 100%, and imply a 25% drop in $SVXY.
Tread cautiously.
UVXY
Missed one yesterday in an #IRA –
Bought to Close UVXY1 JAN 19 2018 30.0/40.0 Bear call spreads @ .15 (sold for 1.75)
Economic Data
8:30am EST Import Prices m/m – street sees -0.2%
10:00am EST NAHB Housing Market Index – street sees 67
4:00pm EST TIC Long-Term Purchases – street sees 20.3B
Earnings before Open
BANK OF AMER CP (BAC) – consensus 0.44
ERICSSON LM ADR (ERIC) – consensus 0.05
GOLDMAN SACHS (GS) – consensus 3.71
HARLEY-DAVIDSON (HOG) – consensus 1.38
JOHNSON & JOHNS (JNJ) – consensus 1.79
LOCKHEED MARTIN (LMT) – consensus 3.10
NEOGEN CORP (NEOG) – consensus 0.32
NOVARTIS AG-ADR (NVS) – consensus 1.16
TD AMERITRADE (AMTD) – consensus 0.41
UNITEDHEALTH GP (UNH) – consensus 2.38
Earnings After Markets Close
ADTRAN INC (ADTN) – consensus 0.22
CSX CORP (CSX) – consensus 0.58
FULTON FINL (FULT) – consensus 0.26
INTERACTIVE BRK (IBKR) – consensus 0.33
INTL BUS MACH (IBM) – consensus 2.73
NAVIENT CORP (NAVI) – consensus 0.43
UNITED CONT HLD (UAL) – consensus 2.23
WINTRUST FINL (WTFC) – consensus 0.98
$NFLX – don’t fight the…
$NFLX – don’t fight the tape but …. some thoughts from a NFLX bear
https://seekingalpha.com/article/4088280-things-grew-faster-subscribers-netflix-last-quarter
Expirations and Trades
#spxcampaign
$SPX 2365/2390 BUPS STO @ 2.00
$SPX 2485/2460 BECS STO @ 1.70
Thank You @jeffcp66f for your guidance
Trades
Earnings
$JNJ STO 7/21 130/132/135/133 Iron Condor @ 1.39 Thank you @jeffcp66
$NFLX STO 7/21 152.50/157.50 BUPS @ 1.87 @jeffcp66 earnings trade
$MDSO sTO 7/21 75 put @ 1.65 @jeffcp66 earnings trade
#shortputs
Closed early half of position
$AMZN BTC 7/21 950/960 BUPS @ 88% profit
$BABA STO 8/18 130/140 BUPS @ 1.30
#longcalls
Closed early partial position
$AMZN 7/21 995/1040 BUCS @ 12% profit Was BIG loss a week ago. Not sure why I didn’t get out of entire position (Think GREED)
#spxcampaign
$SPX STO 8/18 2350/2375 BUPS @ 1.45
Rolled Long Calls
$MTN Rolled 7/21 190 call to 10/20 (colder weather) 190 call for additional 3.40 cost.
$SVXY
Sold to open Aug 4th 80 Put @ 1.65 on the little dip with SVXY @ 86.88. Taking one for the team in is new post split world.
GS
#Earnings – Another low probability, low risk, high reward, iron fly. Need slightly lower and inside the expected move.
Sold GS JUL 21 2017 225.0/227.5/230.0 Iron flies @ 2.16
Risk 34 to make 216…not likely but still worth a shot.
#spxcampaign sto SPX Aug 17th…
sto SPX Aug 17th 2510/2535 call spreads for 1.90.
thanks jeff
SPX puts closed, puts sold
#SPXcampaign Closed on GTC order: $SPX July 28th 2335/2310 put spreads for .20. Sold for 1.50 on June 29th.
Sold to Open SPX Aug 17th 2375/2350 put spreads for 1.40, with SPX at 2459.
$NFLX #ShortStrangles – Added some…
$NFLX #ShortStrangles – Added some NFLX Jul 21 185 Calls @ 0.37, creating a strangle with some of my earlier Puts
MDSO earnings
#Earnings Sold to Open $MDSO July 21st 75 puts for 1.65, with stock at 81.68. Bullish chart, bullish bias on earnings results. Biggest UP move: 20.7%, Biggest DOWN move: -10.3%, Average move: 9.4%. This trade is -8.2% OTM.
Looking at some possible butterflys in GS, LMT, UNH, but I will assess later.
JNJ earnings
#Earnings Sold to Open $JNJ July 21st 130/132/133/135 iron condors for 1.39. Max risk .61.
Biggest UP move: 5.0%, Biggest DOWN move: -3.1%, Average move: 2.0%.
With stock at 132.50, the breakevens are +/- 1.0% OTM.
$NFLX #ShortPuts #Earnings – Sold…
$NFLX #ShortPuts #Earnings – A few more
Sold NFLX Jul 21 2017 138 Puts @ 0.42.
Sold NFLX Jul 21 2017 137 Puts @ 0.37
$NFLX #ShortPuts #Earnings – Sold…
$NFLX #ShortPuts #Earnings – Sold NFLX Jul 21 2017 139 Puts @ 0.47.
Multiple lows from early Feb thru mid April in this area create a nice floor.
edit: Added on at 0.52
NFLX earnings
Sold these earlier, will probably add a couple more contracts to each. Taking the bullish route as the up moves in NFLX can be face-ripping, while the down moves are manageable.
STO NFLX July 21st 160/155 put spread for 2.00.
STO NFLX July 21st 157.5/152.5 put spread for 1.70
From last 12 quarters, NFLX 5-day moves: Biggest UP move: 27.8%, Biggest DOWN move: -19.9%, Average move: 13.1%.
$AAOI
Morning all #ShortPuts, #EarningsPlay (sort of). Joining in again with the crowd. Sold Aug 11th 65 Puts @ 2.55 when $AAOI was at 82.27.
#fallingknife X bought Oct 18…
#fallingknife X bought Oct 18 put for .54, sold for 1.09 on April 27.
UVXY
#ContangoETFs – Jeez…hope this thing doesn’t get to zero before we get a chance to sell the new options. Think it closed around 8.80 on Friday. That’s 35.20 split adjusted. Currently at 32.65. C’mon stay up!
AAOI
#BullPutSpreads – Just for fun…can’t get hurt too bad with a small position. Sold the week before #Earnings .
Sold AAOI JUL 28 2017 90.0/80.0 Bull put spreads @ 6.25
SPX puts closed, calls sold
#SPXcampaign Bought to close $SPX July 17th 2450 puts for .40. Sold as the 2450/2425 put spread on Friday for 3.10. Taking off risk.
Sold to open SPX Aug 17th 2510/2535 call spreads for 1.75.
$AAOI puts
STO Aug 11 65 P @ 2.40
I’ll take assignment there if it drops that much after earnings.
Econ Calendar for week of 7/17/17
from Don Kaufman
Economic Data
8:30am EST Empire State Manufacturing Index – street sees 15.2
Earnings before Open
BLACKROCK INC (BLK) – consensus 5.33
Earnings After Markets Close
BROWN & BROWN (BRO) – consensus 0.47
DESTINY MDA-TS (DSY) – consensus 0.00
EQUITY LIFESTYL (ELS) – consensus 0.81
FIRST DEFIANCE (FDEF) – consensus 0.84
NETFLIX INC (NFLX) – consensus 0.16
SELECT COMFORT (SCSS) – consensus 0.05
SERVISFIRST BCS (SFBS) – consensus 0.44
#spx expected range ending 7.21.17
#spx expected range ending 7.21.17
AAOI (Dan’s take on it)
Dan was right about NVDA…let’s see if he’s right about this one too. I may look to sell some ITM put spreads for earnings. Great return with limited risk in case it’s “sell the news”…
http://stockmarketmentor.com/2017/07/high-momentum-fast-growth-hot-sector-whats-not-to-like-about-applied-optoelectronics-aaoi-july-14-2017/
Notable Earnings After the Close…
Notable Earnings After the Close Friday (Previous Week) or Before the Open on Monday:
BLK
Notable Earnings After the Close, Monday or Before the Open on Tuesday:
AMTD, ANGO, BAC, BRO, CMA, ELS, ERIC, GS, HOG, JNJ, LMT, MDSO, NFLX, NVS, PGR, PLD, SCSS, SNV, TTS, UNH
Notable Earnings After the Close, Tuesday or Before the Open on Wednesday:
ADTN, AGR, ASML, CSX, DBD, FULT, GWW, HBHC, IBKR, IBM, LTXB, MS, MTB, NAVI, NTRS, PNFP, SBNY, TXT, UAL, USB, WTFC
Notable Earnings After the Close, Wednesday or Before the Open on Thursday:
AA, ABB, ABT, ADS, AXP, BBT, BHE, BK, BKFS, BRKL, BX, BXS, CATY, CCI, CCK, CHKP, CHRW, CP, CVBF, DHR, DOV, EWBC, FNB, FNF, GATX, GPC, HAWK, HOMB, KEY, KMI, LHO, MNRO, MTG, NUE, OMC, PII, PM, POOL, PPG, PTC, QCOM, RCI, SAP, SHW, SLG, SLM, SNA, SON, SRPT, STLD, SYNT, TCBI, TMUS, TRV, UMPQ, UNP, URI, WABC, WBC
Notable Earnings After the Close, Thursday or Before the Open on Friday:
ALV, ASB, ATHN, BDN, BNCL, CFG, CL, COF, CTAS, DFRG, DGI, EBAY, ECA, ETFC, FITB, GE, GNTX, HBAN, HON, IBKC, ISRG, KSU, MANH, MBFI, MCO, MINI, MSFT, MXIM, NCR, PBCT, RF, SKX, SLB, STI, SWKS, SYF, V, WAL, WBS
#VXXGame reading…
From vixcontango.com :
The Tipping Point Has Arrived
Over the past few months the mainstream financial media – Wall Street Journal, Bloomberg, CNBC – has started a breathless coverage of the short volatility trade. XIV has been the best performing ETF by far over the past 12 months (200%) and year to date (88%) and since it is at the top of the rankings, our reporter friends have tried to outdo each other at figuring out what is going on, how this trade came about, etc.
Of course, it was quickly discovered that the whole thing was started by the Marc Cuban/Goldman Sachs cartel and they have been secretly minting money out of this trade since the mid-80s. I am sure somewhere along the way there was a bailout by Warren Buffet who got a 15% warrant that pays in perpetuity, but they haven’t gotten to that part of the story yet. This trade obviously is quite a bit above the comprehension level of 25 year old reporters who are a couple of years out of college since it involves multiple, very complicated market structures, highly sophisticated financial instruments and a lot of incomprehensible math. If you would believe it, a Wall Street Journal reporter who got assigned to cover this area of finance roughly a year ago, asked me to explain what a “leveraged ETF” is. So a person who is just learning what a leveraged ETFs is doing reporting on the SPX options and futures markets, the VIX options and futures market and the related ETFs. Sure! No wonder, the whole thing was started by Mark Cuban! It is almost an insult that one of the most sophisticated areas of finance is covered by some of the most unsophisticated reporters. After all real reporting is probably way too much work and is not really guaranteed to generate eyeballs. See a story with the key words “Mark Cuban” and “Goldman Sachs” is a guaranteed eyeball generator…
So the untrained and financially illiterate reporters has been breathlessly talking about how the short volatility trade is “overcrowded” simply because it tops the performance rankings. All throughout March and April, I had to read this nonsense and I spent a lot of time debating these erroneous notions on Twitter. In the reporter’s limited understanding, if the XIV is going up, it must be because money is chasing it. After all, that is what happens to real estate, Amazon or any other regular stock. It’s a crazy mania and everybody is doing it! Anybody who understands the short volatility trade, however, understands that the profitability of this trade has nothing to do with the amount of money in the market and everything to do with the magnitude of perceived risks to the market. If market participants are scared a lot about something, there is a lot of money in the trade. If they are not scared, less. The spread in the VIX futures market is what matters. If the spread is wider, the trade will make more money over time and if the spread is thinner, the trade will make less money. If the spread inverts, the trade will lose money. The specific spread in the short volatility trade that matters the most, of course, is the contango of the front two VIX futures since that is what the ETFs track and ETFs provide majority of the exposure in the trade. In this respect, short volatility is not very different from many bond yield spread trades or currency futures spread trades, or oil futures spread trades and their related ETFs but somehow the reporters haven’t quite figured that out yet. So the misinformation campaign continues.
However, here is where the story is starting to get interesting. Even though at the start of the year, there was no noticeable pickup in the AUM of short volatility ETPs, due to the constant pounding on the airwaves, investors have now started looking at the short volatility trade more seriously. Obviously, we have a new short volatility fund and we are constantly talking to various investors big and small and we are doing our part in raising awareness as well, but the media’s constant coverage of this new asset class is undeniably what is starting to move money. So much so that as the VIX hit 3rd lowest reading of all time on Friday at 9.51, we had a tectonic change in volatility positioning.
Net aggregate VIX futures exposure via ETFs finally became negative yesterday!
When the media was breathlessly obsessing over short volatility in March and April, short exposure was about 1 billion dollars – less than Oct and November of 2016. Contrary to the reporting, there was a general lack of interest in the trade. I am on the front lines and I can tell you that people have been avoiding short volatility all year as they have been waiting for a volatility spike to transpire. What was actually happening earlier this year, however, was that money was leaving the long volatility trade. Trump clearly didn’t justify the fears and the World Apocalypse didn’t arrive – instead companies are making money hand over fist in earnings. Investors can stick to their shitty political beliefs only for so long before their pocket starts to hurt so… hedging stopped and the long volatility trade was abandoned. But that is still not the same as a spike in interest in short volatility.
However, since the breathless coverage in March and April was initiated, now we are definitely seeing an increase in short volatility flows. The short volatility ETPs increased AUMs from 1 billion to 1.3 to 1.5 to 1.7 and finally just this last Friday, it crossed the 2 billion mark. Long volatility ETPs have been losing AUM steadily and went from 4 billion at the election to 1.5B on Friday. This puts us in a state of net volatility exposure to the short side for the first time since Aug 2015 – Feb 2016 period (the Dealers Exposure chart below shows delayed data so the latest ETF AUM changes aren’t reflected. Dealers Exposure is very similar to the net ETP exposure since ETP positions are reflected as Dealer Open Interest). And we all know what happened in Aug 2015. Basically, what is happening here is people are staring at this 88% YTD return of XIV and want a piece of the action. And of course, the cavalry is arriving at the scene just as the VIX is hitting all-time lows. Just like in 2014 and 2015, great timing! [eyeroll]
SVXY has gotten an additional $600M in AUM over the last 2 weeks to jump from about $600M to $1.2B. I did mention on Twitter that it has a favorable 60/40 tax status and I immediately had to answer dozens of people on Twitter and in email. Then I did put out a big white paper (Enhancing Portfolios With Short Volatility) a couple of weeks ago as well which has so far gotten roughly 250 downloads. I think that might something to do with the sudden rise of SVXY. Very interestingly now, SVXY is the most popular volatility product as of Friday! VXX is now in second place below 1 billion dollars and XIV in third place with about $700 million. UVXY had a monster dip in AUM on Friday. It appears that a bunch of money moved from UVXY into SVXY on Friday and a bunch of money left VXX. The total AUM is down to 3.7 billion. I guess some folks have decided that it is time to make all the long volatility losses back by shifting to short volatility. [another eyeroll]
You have been warned!
#OptionsExpiration SVXY $75 puts SVXY…
#OptionsExpiration
SVXY $75 puts
SVXY $115 puts
SVXY $120 puts
UVXY $14 calls
Very small expiration. Just not getting many “good” opportunities to put on new positions combined with work travel schedule has definitely caused me to have fewer open positions.
#OptionsExpiration for 7/14 $SVXY Jul…
#OptionsExpiration for 7/14
$SVXY Jul 14 85 puts
$SVXY Jul 14 90 puts
$SVXY Jul 14 120 puts
$UVXY Jul 14 20 calls
No assignments.
#OptionsExpiration #Weeklys #Jul14 – a…
#OptionsExpiration #Weeklys #Jul14 – a slow week this week, but a big monthly expiration next week. Made some nice quick profits on $TSLA this week and have positions for the next two weeks too.
$SVXY and $UVXY begin trading on a split basis Monday morning
No assignments this week.
— Expirations —
SVXY (Weekly) Jul 14 2017 75 Puts
SVXY (Weekly) Jul 14 2017 85 Puts
SVXY (Weekly) Jul 14 2017 90 Puts
SVXY (Weekly) Jul 14 2017 114 Puts
SVXY (Weekly) Jul 14 2017 115 Puts
TRIP (Weekly) Jul 14 2017 40 Calls (Covered)
TSLA (Weekly) Jul 14 2017 260 Puts
TSLA (Weekly) Jul 14 2017 270 Puts
TSLA (Weekly) Jul 14 2017 280 Puts
UVXY (Weekly) Jul 14 2017 11 Calls (Covered)
UVXY (Weekly) Jul 14 2017 11.5 Calls (Covered)
UVXY (Weekly) Jul 14 2017 12 Calls (Covered)
UVXY (Weekly) Jul 14 2017 13.5 Calls
UVXY (Weekly) Jul 14 2017 14 Calls
UVXY (Weekly) Jul 14 2017 14.5 Calls
UVXY (Weekly) Jul 14 2017 15 Calls
UVXY (Weekly) Jul 14 2017 15.5 Calls
UVXY (Weekly) Jul 14 2017 16 Calls
UVXY (Weekly) Jul 14 2017 16.5 Calls
UVXY (Weekly) Jul 14 2017 17 Calls
UVXY (Weekly) Jul 14 2017 17.5 Calls
UVXY (Weekly) Jul 14 2017 18 Calls
UVXY (Weekly) Jul 14 2017 20 Calls
#OptionExpiration
Only one.
$SVXY 140 Puts Expired.
I’m taking a 4 week class on short period, 2 weeks and less short spread trades on the $SPX and $RUT. I’m trying to get my smarts up to all of your level. So far so good. Haven’t blown a gasket yet. Ha! Have a great weekend all. Stay cool. See you next week.
Options Expiration 7/14/17
#OptionsExpiration #Earnings #VXXGame
— Expiring —
PEP 110/113/117/120 iron condors. Sold for .85 on Tuesday
SVXY 140 put. Sold for 2.75 on July 5th.
Also, closed on GTC order after the bell: UVXY July 28th 20 calls for .03. Sold for .60 on July 6th.
Expirations
$SVXY 115
$SVXY 140
$SVXY 145
$SVXY 150
$SPX 2255/2305 BUPS
$SPX 2325/2350 BUPS
$PEP 110/113/120/170 IC Earnings Thank you @jeffcp66
Have a great weekend
#t btc 2019, 37 call…
#t
btc jan 2019, 37 call @ 2.05 sold for 3.25 will reload if t goes up or vix does which ever first.
expirations
Only 4 today. Have a nice weekend.
SVXY 85 puts
SVXY 140 puts
SVXY 145 puts
SVXY 150 puts
SPX spitting into the wind
#SPXcampaign Trying one call spread sale at this precipitous height at which we find ourselves:
Sold $SPX July 31st 2475/2500 call spreads for 5.70. Will not let this run if next week keeps barreling upward.
As whenever this happens, sizable drawdown this week, and now I lean very short the market. Tuesday was an account high for me on SPX strategy, and then it all fell apart! But I am now used to going into the hole before surging back during the next pullback.
$SVXY calls
Sold $SVXY Jan 18 2019 330 call for 9.40. Following Iceman.
The Dow Jones Industrial Average…
The Dow Jones Industrial Average continues to set fresh highs, but not every stock is participating.
Here are the top seven year-to-date losers on the index. From the plunge in oil (Chevron) to concerns on management (General Electric), each laggard has dealt with notable challenges this year unlike most others in the Dow.
Goldman Sachs (GS) : -4.2%
Intel (INTC) : -4.8%
IBM (IBM) : -7%
Exxon Mobil (XOM) : -10.2%
Chevron (CVX) : -11.4%
General Electric (GE) : -15%
Verizon (VZ) : -18.1%
SPX R3 was at 2461….
SPX R3 was at 2461. R3 resistance 99.9% would push SPX down but SPX passed it. Will soon see if it continues up or push SPX down.
AAOI Sold Put Spreads
Taking a little different look at this one:
STO SSOI 5 Aug 18 60/55 put spreads @ .55
Thanks @bobbie @fuzzballl
$SVXY #ShortCalls – Sold 1…
$SVXY #ShortCalls – Sold 1 SVXY Dec 15 2016 205 Call @ 10.45 with the stock at 171.15.
Selling this primarily based on the extremely low level of the VIX
$VIX – quickly approaching a…
$VIX – quickly approaching a new VIX low
APRN #ShortPuts My daughter, a…
APRN #ShortPuts
My daughter, a working mom of three, four if you include son-in-law husband, is an avid consumer of Blue Apron. She wanted to buy APRN IOP on opening, classic emotional stock buy reaction to a liked product, to which, I said there are too many unknown variables now, wait for earnings. As an update for her today, I suggested the Jan 18, short 5 put, @ .80 with OI of over 8k, IV 105%…she doesn’t know options…no trading today for her! P.S. son-in-law is a pretty good guy!!!
Keeping this one on the watchlist. http://tinyurl.com/ycc3xha9
No ex today, going out to attack the morning glory weeds before they consume the ole dog!
Have a great weekend…
SPX long calls sold
#SPXcampaign Closed half of long calls bought yesterday in #RiskReversal
Sold to Close $SPX July 21st 2465/2485 call spreads for 4.75. Bought yesterday for 2.65, when I also sold the July 21st 2435/2410 put spreads for 2.95. I’m letting the put spread devalue more before closing. I will hold the second half of the longs for possible continued move higher on Monday.
#LongCallDiagonals – Rolled front month…
#LongCallDiagonals – Rolled front month EWZ Jul 14 35 call to EWZ Aug 11 35.5 call for $0.01 debit. New call is still ITM but gained $0.50 in proceeds per contract if I am assigned. Didn’t know what else to do other than close the position. Maybe it will pull back some day.
#SPX Campaign Trades and Closed Early Spreads
#longcalls
$AAPL BTO 8/18 145 calls at 5.35 Earnings and new IPhone run?
#spxcampaign
Following @jeffcp66
$SPX BTO 7/21 2465/2485 BUCS @ 2.00
$SPX STO 7/21 2410/2435 BUPS @ 2.90
$SPX STO 8/11 2530/2375 BUPS @ 1.65
$SPX STO 7/21 2425/2450 BUPS @ 6.80
$SPX STO 7/26 2475/2450 BECS @ 6.25 (Sold 7/12 Forgot to post)
#shortputs
$WYNN STO 8/18 125/135 BUPS @ 1.75
$COST STO 8/18 150/155 @ 2.25
Closed Early
$AET BTC 7/21 135/145 BUPS @ 94% profit
$TSLA BTC 7/21 390/400 BECS @ 98% profit
SPX ITM roll sold
#SPXcampaign Sold $SPX July 28th 2430/2455 call spreads for 19.00, an #ITMroll at even money from the calls stopped for 19.00 earlier.
SPX condor roll sold
#SPXcampaign Sold to Open $SPX Aug 9th 2375/2400/2500/2525 #CondorRoll for 3.35.
#xle will most likely be…
will most likely be assigned today.
xle 65 call had sold for .40 and .41, 2 accounts on Wednesday.
#spxcampaign btc on gtc orders…
#spxcampaign
btc on gtc orders
spx july 26 2335/2310 put @ .20 had sold for 1.80
SPX trades
#SPXcampaign With the open clearly indicating follow-through, I stopped out of threatened call spreads and added some aggressive put spreads. I have to roll a lot, but waiting now for the upside move to stabilize.
Stopped call spreads:
Aug 4th 2475/2500 for 4.00. Sold for 1.75 on July 6th
July 26th 2450/2475 for 10.10. Sold for 4.40 on July 11th
July 21st 2425/2450 for 19.00. Sold for 14.10 on June 30th (this continues to be #ITMroll)
Put spreads sold:
July 17th 2450/2425 for 3.10
July 26th 2425/2400 for 2.30
Put spreads closed on GTC orders:
July 28th 2315/2290 for .20. Sold for 1.50 on June 29th
July 26th 2340/2315 for .20. Sold as a #Rolldown for 2.05 on June 29th
New SPX all-time high
As expected, freight train keep a-chuggin’
AAOI earnings
#Earnings #ShortPuts – This thing caught an upgrade today and looks like a possible short squeeze. IV through the roof for earnings also. Gonna go ahead and take an earnings shot at the 50ma. Selling now in case she continues up but can still add on a pullback. Thanks @Bobbie and everyone else that’s been watching this one…
Sold AAOI AUG 4 2017 65.0 Puts @ 2.25
STO AAOI AUG 18 55…
STO AAOI AUG 18 55 put for 1.55 cr
SVXY another adjustment
#LongCallDiagonals – Rolling front month up and out a week…
Rolled SVXY JUL 14 2017 165.0 Call to JUL 21 2017 167.5 Call @ .05 debit
SVXY adjustment
#ReverseRoll #ShortStrangles – I may let some stock go next week via the covered call route. Adjusting my August strangle to possibly get long again but also limiting risk.
Originally sold 80/180 strangle for 3.55 but starting to wonder about the 180 call so pulling the @Jeff reverse roll.
Rolled SVXY AUG 18 2017 180.0 Call to AUG 18 2017 185.0/175.0 Bull Put spread @ 2.20 credit.
Total premium received is now 5.75 on the 10 wide spread. Keeps going up it’s all good. If she tanks no matter how low it goes I’ll be in the stock at a basis 4.25 above where it’s trading at the time…lower the better if an implosion happens! Now…do I resell the call side? 🙂
$SVXY #ShortCalls #VXXGame – Sold…
$SVXY #ShortCalls #VXXGame – Sold 1 SVXY Jan 18 2019 330.0 Call @ 9.40.
Adding to this position on the last day before the 2-1 split.
Highest available strike price.
REGN
#ShortPuts – Surprised this filled with the mark at 45 cents…
Bought to Close REGN JUL 28 2017 425.0 Put @ .10 (sold for 2.00)
Earnings the following week on 8/3. Might wait until then to sell another one or possibly get aggressive the week prior then roll into earnings if needed.
WYNN
#ShortStrangles – Can’t catch a break on Fridays on this thing. Rolling again….these are sold against DITM short calls so the drop is a good thing long term. Was trying to whack it pretty hard in the short term too though. Grrr…
BTW…just a coupe days ago Dr. J said he’s long and strong on this. Probably won’t get mentioned today since he seems to never be on the wrong side of a trade…LMAO!
Rolled WYNN JUL 14 2017 134.0 Puts to JUL 21 2017 133.0 Puts @ .20 credit
$DUST #ShortPuts #Rolldown – taking…
$DUST #ShortPuts #Rolldown – taking a big gain on an old position to avoid assignment tonight and lowering the strike price with the stock at 31.30.
Bought to close DUST Jul 14 2017 33.0 Puts @ 1.58 – this is less than the intrinsic value of the put
Sold DUST Aug 4 2017 31.0 Puts @ 2.03 – these are OTM but not by much, so all time value.
$NUGT #CoveredCalls – rolled this…
$NUGT #CoveredCalls – rolled this out a week and up a point.
Bought to close NUGT JUL 14 2017 31.5 Calls @ 0.01
Sold NUGT JUL 21 2017 32.5 Calls @ 0.27
The direction is UP
#VIXindicator… firing an Upside Warning today, means higher SPX prices or at least no downside for the next several days at least.
#SPXcampaign Sold $SPX July 17th 2450/2425 put spreads for 3.10. Expires Monday
Economic Data
8:30am EST CPI m/m – street sees 0.1%
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%
9:15am EST Capacity Utilization Rate – street sees 76.7%
9:15am EST Industrial Production m/m – street sees 0.3%
9:30am EST FOMC Member Kaplan Speaks
10:00am EST Prelim UoM Consumer Sentiment – street sees 95.1
10:00am EST Business Inventories m/m – street sees 0.3%
10:00am EST Prelim UoM Inflation Expectations
Earnings before Open
CITIGROUP INC © – consensus 1.22
FIRST HRZN NATL (FHN) – consensus 0.26
FIRST REP BK SF (FRC) – consensus 1.09
INFOSYS LTD (INFY) – consensus 0.23
JPMORGAN CHASE (JPM) – consensus 1.59
PNC FINL SVC CP (PNC) – consensus 2.01
WELLS FARGO (WFC) – consensus 1.02
Earnings After Markets Close
PEREGRINE PHARM (PPHM) – consensus -0.07
DRIP dropped
#ContangoETFs BTC $DRIP July 21st 30 call for .10. Sold for 1.35 on June 2nd. Took some risk out, but I plan to let my riskier 28 calls expire next week.
