#SPXcampaign
#RiskReversal — this is meant to take advantage of the up move overnight and/or Monday-Tuesday.
Bought to open $SPX July 21st 2465/2485 call spreads for 2.65.
Sold to Open $SPX July 21st 2435/2410 put spreads for 2.95.
Also, stopped out on $SPX July 14th 2440/2465 call spreads for 9.35. Sold for 5.30 on June 29th. Will work on a roll for this tomorrow.
BTC January 60 calls @ .53 and will reload next week after the split.
#earnings JPM
Followed from TT July 21 90/91/91/92.50 put butterfly for a debit of .31, profitable below 92.18
BTC July 21, 55 puts @.05 six trading days early. Sold @ 1.35
$MYL #CoveredCalls – Sold MYL (Weekly) Sep 1 2017 42.5 Calls @ 0.57
$SVXY #ShortCalls – a couple of long term positions I will use to sell puts against –
Sold 1 SVXY Jan 18 2019 330.0 Call @ 9.10
Sold 1 SVXY Jan 18 2019 215.0 Call @ 31.85
$DUST #ShortPuts #Rolldown – taking some big gains on old positions and lowering the strike prices.
Bought to close DUST Jul 14 2017 35.0 Puts/Sold DUST Aug 4 2017 33.0 Puts @ 0.15 Credit
Bought to close DUST Jul 14 2017 34.0 Puts/Sold DUST Aug 4 2017 32.0 Puts @ 0.45 Credit
$FOSL #ShortPuts #FallingKnife – Sold 1 FOSL Nov 17 2017 9.0 Put @ 1.40 with the stock at 9.56.
$GWW #ShortPuts #FallingKnife – Sold 1 GWW Dec 15 2017 120.0 Put @ 1.15 with the stock at 170.50.
The stock is already below it’s previous 5 year low.
$TSCO #ShortPuts #FallingKnife – Sold TSCO Jan 19 2018 45.0 Puts @ 2.25 with the stock at 50.18.
The stock is already below it’s previous 3 year low
$VZ #ShortPuts #FallingKnife – Sold 1 VZ Dec 15 2017 41.0 Put @ 1.16
$GPC #ShortPuts #FallingKnife #OptionLadder – a new one today with the stock at 83.21.
Sold 1 GPC NOV 17 2017 75.0 Put @ 1.50
Sold 1 GPC FEB 16 2018 70.0 Put @ 1.45
The 3 year low on the stock is 76.50.
$ALXN #ShortPuts #FallingKnife – Bought to close 1 ALXN AUG 18 2017 80.0 Put @ 0.05. It won’t trade any lower and I’m out 5 weeks early.
Originally sold on 05/25/2017 at 1.75.
#SPXcampaign #VIXIndicator The bears tried this morning but couldn’t turn the tide… provided nothing drives us lower overnight I expect and Upside Warning tomorrow, testing all-time highs tomorrow and ending the week at or above 2450. Starting to take aggressive actions…
Sold to Open $SPX July 20th 2450/2425 put spreads for 6.80. This creates an iron butterfly at 2450, since I have the 2450/2475 call spread. Perhaps we can get a pin at 2450 for the monthly series?
Sold to Open Aug 11th 2375/2350 puts spreads for 1.65.
Sold to Open Aug 11th 2495/2520 call spreads for 1.60.
Looking at options for a couple other threatened call spreads.
JPM earnings tomorrow.
Thurs trades. My day off so usually trade then.
Rolls
SVXY 7/14 115 puts to 8/11 puts for 1.2 credit. Initially sold for 1.25
SVXY 7/14 115 puts to 8/4 for 0.79 credit. Sold for 1.25
SVXY 7/14 125 to 8/4 for 1.29 credit. Sold for 0.99
Trying to roll SVXY 7/28 110 put but tradestation seems to be having some connectivity issues at the moment. Will try after bike ride.
I now have nothing expiring next week for vacation but still have a ton of theta decay so will make money while kiting, boating, and generally hanging out on a beach, nice! Selling options is a good skill to have.
Hope everyone has a good week, Chris
Morning all. #ShortPuts Rolled my July 21st 55 Puts up and out to July 28th 65 Puts for 1.40 credit. Earnings are expected to exceed guidance. The up move in $AAOI has lifted the 50dma to just shy of 65. I will take assignment here. I’m estimating earnings will be out early August.
BTC July 14, 34.5 call @ 1.89 for a loss of 1.19 and sold 2019, 20 calls @ 16.74 for a gain of 1.23 but I did collect over $5,000 in weekly premiums. It worked out to be a 17.7% gain on the capital used.
8:30am EST PPI m/m – street sees 0.0%
8:30am EST Unemployment Claims – street sees 245K
8:30am EST Core PPI m/m – street sees 0.2%
10:00am EST Fed Chair Yellen Testifies
10:30am EST Natural Gas Storage – street sees 59B
11:30am EST FOMC Member Evans Speaks
1:00pm EST FOMC Member Brainard Speaks
1:01pm EST 30-y Bond Auction
2:00pm EST Federal Budget Balance – street sees -36.2B
Earnings before Open
COMMERCE BANCSH (CBSH) – consensus 0.70
DELTA AIR LINES (DAL) – consensus 1.64
PEAK RESORTS (SKIS) – consensus 0.57
TAIWAN SEMI-ADR (TSM) – consensus 0.50
Earnings After Markets Close
COGECO COMMUNIC (CCA) – consensus 1.44
#spxcampaign
$SPX 2240/2340 BUPS STO @ 4.60 on 6/6
Attaboy @alsumde
$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 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
#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.
#SPXcampaign Sold to Open $SPX July 26th 2430/2455 call spreads for 15.20, as an #ITMroll of July 19th spreads stopped this morning.
BTC August 18, 35 puts @.05, sold @ .65
$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 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 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
#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.
#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 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.
#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.
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 Aug 11 2017 41.0 Call @ 1.10 with the stock at 36.92.
30 days until expiration.
$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
Rolled January 2019, 320 call to 330 call for a debit of 1.15
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.
BTC July 21, 12 puts @.05, sold at 1.35 taking off 8 trading days early
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
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
We remain in a Downside Warning until we get a VIX close below 10.61. The market is unable to push much higher so I’m continuing to sell aggressive call spreads until that changes.
#SPXcampaign Sold to Open $SPX July 26th 2450/2475 call spreads for 4.40. As long as VIX closes above 10.61, I will keep shorting this market. My call spreads have kept the dough rolling into my account for the past couple weeks.
#ShortCalls – Keeping my size in check…booking a gain and re-selling safer. Thanks guys for the new higher strikes!
Bought to Close SVXY JAN 18 2019 320.0 Call @ 9.75 (sold for 11.75)
Sold SVXY JAN 18 2019 330.0 Call @ 8.30
$NUGT #CoveredCalls – Sold NUGT Jul 14 2017 31.5 Calls @ 0.11 with the stock at 28.31.
3 days until expiration.
I hope I’m forced to roll this one out.
$NUGT #ShortPuts – Sold 1 NUGT Aug 11 2017 23.5 Put @ 1.09.
This replaces the near term strike 28.0 Put I covered yesterday at 0.86
BTC July 21, 30 puts @.05, sold @ .80
Following Iceman.
Sold $SVXY Jan 18 2019 330 call @ 8.50.
#Fallingknife candidate
#SPXcampaign Sold to Open $SPX Aug 11th 2325/2300 put spreads for 1.60
Closed on GTC orders:
July 12th 2450/2475 call spreads for .20. Sold for 2.25 on July 5th.
July 12th 2445/2470 call spreads for .20. Sold as part of a #CondorRoll for 5.75 on June 29th.
July 17th 2460/2485 call spreads for .20. Sold as part of a #CondorRoll for 5.10 on June 30th.
For some reason I am getting free alerts. If anyone is interested they just posted a put protected Goldman sachs long call diagonal whiz style.
BTO jan 19 170 call
STO July 17 230 call
BTO Jan 19 180 put at 72.60 debit
I have not looked at the trade, just FYI.
STO Jul 21 $120 puts @ $.75
STO Jul 28 $105 puts @ $.80
$SVXY #ShortCalls – Sold 1 SVXY Jan 18 2019 330.0 Call @ 8.50 with the stock at 161.46
Adding to my position.
I will add if the price spikes.
XRT, XLE popped up on tasty trade IV rank radar today.
My weekly screen with some of the tools I have showed good premiums in EXPE (don’t know when earnings) and /ES just triggered a 4 hour sell signal this morning. The 4 hour signal is usually good for the next week and about 80% accurate.
Light trading week for me, vacation next week so most of my trades will be to re-position so I don’t have anything expiring next week.
$SVXY #ShortCalls – Yesterday I Sold 1 SVXY Jan 18 2019 330.0 Call @ 8.20. I will add if the price spikes.
6:00am EST NFIB Small Business Index – street sees 104.4
10:00am EST JOLTS Job Openings – street sees 5.98M
10:00am EST Final Wholesale Inventories m/m – street sees 0.3%
12:30pm EST FOMC Member Brainard Speaks
Earnings before Open
JEAN COUTU GRP (PJC) – consensus 0.24
PEPSICO INC (PEP) – consensus 1.40
Earnings After Markets Close
AAR CORP (AIR) – consensus 0.43
$INTC $GE $VZ- Some of the bluest of the blue chips are starting to crack. Worth noting because the #FAANG stocks can’t hold this market up all by themselves.
$UAA #ShortPuts – Bought to close UAA JUL 21 2017 17.5 Puts @ 0.01 in an IRA account.
Out two weeks early and there is no more to make here.
Sold 02/02/2017 @ 0.80.
#ShortPuts – Filled at the bell. Thanks @hcgdavis !
Sold XBI AUG 18 2017 71.0 Put @ .85
Sold XBI AUG 18 2017 72.0 Put @ 1.03
Sold XBI AUG 18 2017 73.0 Put @ 1.27
roll spx 2430/2455 july 14.2017, to aug 14,2017,2450/2475
for 1.35 credit had collected on 2 previous rolls, 4.45. total so far 5.80.
Just need a good down day to close this one out! at least not itm now.
$NUGT #ShortPuts – Bought to close 1 NUGT Jul 14 2017 28.0 Put @ 0.86 to close out a position at a profit that was over 2 points in the money in the pre-market this morning.
We have had a very small bump in $GLD (.2%) but a much bigger move in $NUGT (6%).
I still have more Puts a lower strikes.
#SPXcampaign Bought to close $SPX June 10th 2430 calls for .95. Sold in the 2430/2455 call spreads for 15.00 on June 26th. Finally out of this #ITMroll.
Also, expiring today: June 10th 2445/2470 call spreads. Sold as part of a #CondorRoll for 5.60 on June 29th.
STO November 145 puts @3.90
#Earnings #CoveredCalls Sold to Open $PEP July 14th 110/113/117/120 iron condors for .85. Biggest UP move: 2.5%, Biggest DOWN move: -1.6%, Average move: 1.0%. The strikes are about 1.7% OTM with stock at 115.00
#ShortStrangles – Trading short term against a longer term bull put spread…
Bought to Close TSLA JUL 14 2017 357.5 Call @ .06 (sold for 2.10)
Sold TSLA JUL 21 2017 335.0 Call @ 2.55
#spxcampaign modified Jeff’s earlier trade, sold Aug. 11 2485/2490 @.55 each
#ShortPuts #ShortStrangles – Looks like the selling is done for now. Getting what I can out of the long put side of some put spreads. Selling calls against the remaining short puts as well.
Sold to Close NVDA JUL 21 2017 150.0 Put @ 4.55
Sold to Close NVDA JUL 21 2017 150.0 Put @ 4.75
Sold to Close NVDA JUL 21 2017 150.0 Put @ 5.00
#rolling UVXY
Rolled July 14, 12.50 put to Aug. 18, 12 put for plus .50
#SPXcampaign Sold to Open $SPX Aug 11th 2485/2510 call spreads for 1.55.
STO 8/18 XBI 72 puts at 1.07. Ladder complete. now just need time decay to work it’s magic.
10:00am EST Labor Market Conditions Index m/m
3:00pm EST Consumer Credit m/m – street sees 12.1B
Earnings before Open
HELEN OF TROY (HELE) – consensus 1.13
Earnings After Markets Close
BARRACUDA NTWRK (CUDA) – consensus 0.08
GRUPO TELEVISA (TV) – consensus 0.14
SIMULATION PLUS (SLP) – consensus 0.11
#spx expected move for next week ending friday
#xle
assigned 65 put had sold for .60
will sto cc next week
$SVXY 113.5
$SVXY 140
Have a great weekend
Options Bistro 