#OptionsExpiration for Jul 7
$SVXY Jul 7 113 puts
$SVXY Jul 7 114 puts
$SVXY Jul 7 114.5 puts
$UVXY Jul 7 13 calls
No assignments. If the rally continues into next week I’m going to look to take off some short SVXY puts at good profit %’s to reduce a bit of exposure. I have a feeling the volatility will be back soon.
— Expiring —
SVXY 135 & 140 puts
#SPXcampaign Almost forgot I hadn’t sold my second put spread for the week. Regretting not being aggressive at the close yesterday; now I have to sell about 40 points higher than I could have.
Sold to Open $SPX Aug 4th 2330/2305 put spreads for 1.35.
Also, closed on GTC order: July 14th 2350/2325 put spreads for .20. Sold for 1.40 on June 14th.
#OptionsExpiration #Weeklys #July7 – Not much going on this week. A small correction ended up being wiped out by the close today. #BTFD
Nice to see another round of $DUST Puts expire.
No assignments this week, and a light week next week.
–Expirations —
DUST (Weekly) Jul 7 2017 28 Puts
DUST (Weekly) Jul 7 2017 34 Puts
TRIP (Weekly) Jul 7 2017 40 Calls (Covered)
SVXY (Weekly) Jul 7 2017 85 Puts
SVXY (Weekly) Jul 7 2017 90 Puts
SVXY (Weekly) Jul 7 2017 95 Puts
SVXY (Weekly) Jul 7 2017 105 Puts
SVXY (Weekly) Jul 7 2017 110 Puts
SVXY (Weekly) Jul 7 2017 113 Puts
SVXY (Weekly) Jul 7 2017 120 Puts
UVXY (Weekly) Jul 7 2017 11 Calls (Covered)
UVXY (Weekly) Jul 7 2017 11.5 Calls (Covered)
UVXY (Weekly) Jul 7 2017 12 Calls
UVXY (Weekly) Jul 7 2017 12.5 Calls
UVXY (Weekly) Jul 7 2017 13 Calls
UVXY (Weekly) Jul 7 2017 13.5 Calls
UVXY (Weekly) Jul 7 2017 14 Calls
UVXY (Weekly) Jul 7 2017 15 Calls
UVXY (Weekly) Jul 7 2017 16 Calls
UVXY (Weekly) Jul 7 2017 17 Calls
UVXY (Weekly) Jul 7 2017 18 Calls
UVXY (Weekly) Jul 7 2017 19 Calls
SVXY $90 puts
SVXY $120 puts
SVXY $130 puts
SVXY $140 puts
UVXY $17.50 calls
Have a great weekend everyone.
$UVXY #CoveredCalls – I rolled this week’s strike 11.0 calls up to 11.5 for a 0.33 Credit and I rolled this week’s strike 11.5 calls up to 12.0 for a 0.27 Credit.
I’m guessing next week’s UVXY calls open down on Monday so I’m selling them now.
It sure would be nice to see a volatility move last more than 8 hours.
$SVXY #ShortPuts – with a lot of positions rolling off today I’m trying to add some for next week without getting too aggressive. More contracts but lower strike prices makes me more comfortable.
Sold SVXY Jul 14 2017 115.0 Puts @ 0.26
Sold SVXY Jul 14 2017 114.0 Puts @ 0.25 & 0.30.
All this with the stock above 156.
#SPXcampaign
Closed on GTC orders:
$SPX July 12th 2360/2335 put spreads for .20. Sold as part of a #CondorRoll for 5.75 on June 29th.
$SPX July 14th 2340/2315 put spreads for .20. Sold for 1.40 on June 14th.
Extra call spread sold: July 20th (monthlys) 2450/2475 call spreads for 3.75.
#ReverseRoll Stopped: July 7th 2425 short calls closed for 1.35. Sold as 2425/2450 call spreads yesterday for 3.25. Had to bail a few minutes ago.
A second consecutive week with a Thursday/Friday whipsaw. Managed much better this time.
#PerpetualRollingStrangles – Increasing size just a little…
Sold TLT OCT 20 2017 115.0/130.0 Strangles @ 1.17
SVXY July 7 114 puts
Enjoy your weekend…
I am posting early because I want to go to the gym and nothing is going to happen.
SVXY 159 put will be assigned and cost basis will be 154.70
These will all expire at zero.
SVXY, 85 puts, 90 puts, 112.5 puts, 113 puts, 113.5 puts, 114 puts, 114.5 puts, 115 puts
Have a nice weekend.
#ShortStrangles – Taking care of this early to get the theta back up to a decent level…
Rolled EWW JUL 21 2017 50.0 Calls to AUG 18 2017 50.0 Calls @ .27 credit
Sold EWW AUG 18 2017 53.0 Puts @ .91
Will continue watching next week’s 52.5 puts to squeeze a few more pennies out of them…
#TakeOneForTheTeam from a couple weeks ago…
Originally sold the slightly ITM 166/161 BuPS @ 3.25
Then:
Sold to Close SVXY JUL 7 2017 161.0 Put @ 5.40
This will give me the stock at a basis of 157.35. Going out two weeks to cover it using slightly ITM for some downside protection…still a possible profit of almost 5 points (4.65) while reducing basis to close to 150 (150.35)
Sold SVXY JUL 21 2017 155.0 Call @ 7.00
#Market Another bounce off the threat of a correction. This market simply does not want to go down. VIX is down but not plummeting so probably a good place to sell the market.
$SJM #ShortPuts #FallingKnife – Sold 1 SJM Jan 19 2018 100.0 Put @ 1.60.
This is not normally a very volatile stock.
#SPXcampaign Closed on GTC order: $SPX July 28th 2500/2525 call spreads for .20. Sold last week for 1.75.
#ContangoETFs #ShortCalls Followed @optioniceman on a couple and one of my own:
STO $DUST July 21st 42 calls for .50
STO $DUST July 28th 45 calls for .50
STO $DUST Dec 50 call for 4.75
$DUST #ShortCalls – Added some short calls to partially hedge some 33/34/35 short Puts coming due in the next few weeks.
Sold DUST Jul 21 2017 42.0 Calls @ 0.50
Sold DUST Jul 28 2017 45.0 Calls @ 0.50
#ShortStrangles – Sold against some further out ITM calls. Would like to be out of these by earnings to really take advantage of the high IV that week.
Rolled WYNN JUL 7 2017 135.0 Puts to JUL 14 2017 134.0 Puts @ .30 credit
#shortputs
$BABA STO 7/21 139/145 BUPS @ 2.88 Forexpro idea at OMM
At the highest strike
Sold $DRIP Sep 40 call @ 2.00
#ShortStrangles – Sold SVXY AUG 18 2017 80.0/180.0 Strangle @ 3.55
#spxcampaign
$SPX BTC 7/21 2515/2490 @.30 STO 6/26 @ 2.10
$DUST #ShortPuts – Bought to close DUST Jul 7 2017 32.0 Puts @ 0.05.
If it hadn’t closed at the opening I would have cancelled the order and let it expire.
Originally sold 06/08/2017 @ 5.85 on a rolldown of a higher strike option.
#Earnings #CoveredCalls
Yesterday, bought to close $FB July 21st 155 call for .60. Sold for 2.60 on June 19th. Using my last 100 shares as a #CoveredCallCampaign, selling and rolling calls as stock moves higher.
#SPXcampaign Bought to close $SPX June 7th 2390/2365 put spreads for .20. Sold 15 minutes before the close yesterday for 1.75. I love the smell of fear in the afternoon and profits in the morning.
+222,000 jobs in June. Highest since February (May revised to +152,000)
Unemployment rate up to 4.4% (from 4.3%)
U6 up to 8.6% (from 8.4% in May)
Avg hourly earnings up 0.2%
Labor Force Participation 62.8% (up 0.1 from May)
#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…
$SVXY #ShortPuts – Sold 1 SVXY Aug 4 2017 85.0 Put @ 1.09 with the stock at 150.30.
$SVXY #ShortPuts – Sold 1 SVXY Aug 4 2017 90.0 Put @ 1.28 with the stock at 149.80.
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 Jul 28 2017 20.0 Calls @ 0.59 with the stock at 10.98.
$TSLA #ShortPuts – Sold 1 TSLA JUL 28 2017 245.0 Put @ 1.19. Lowest available strike
New highest strike (at least new to me–it was added a week or two ago).
Sold $DRIP Sep 15 40 call @ 1.35.
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 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
#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.
#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.
In my IRA
STO July 28, 90 puts @.90 cents.
In my IRA, STO July 28, 90 puts @.90 cents.
$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
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.
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 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
#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.
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.
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
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 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
#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 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 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
STO August 4, 85 puts @1.10
STO August 4,105 puts @ 2.15
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
#spxcampaign
$SPX STO 7/17 2365/2390 BUPS @ 2.00
#SPXcampaign sold these near the bell:
SPX July 12th 2450/2475 call spreads for 2.25
#spxcampaign
btc on gtc order, july 14 call 2475 /2500 @ .20 had sold for 1.85
1 minute after bell!
#earnings MU bought 26/37 strangle for .11, sold for 1.06
#spxcampaign
$SPX STO 8/18 2295/2320 BUPS @ 1.70
$SPX STO 7/28 2320/2345 BUPS @ 1.30
$SPX STO 8/18 2525/2500 BECS @ 1.80
$SPX STO 7/17 2505/2480 BECS @ 1.95
$SPX STO 7/28 2485/2460 BECS @ 1.70
Thank you @jeffcp66 the SPX Muse
#shortputs
$GS STO 7/21 200/215 BUPS @ 1.01
$SVXY STO 7/28 110 puts @ 1.50
#SPXcampaign These closed on GTC orders, on the downs then ups of the day…
$SPX July 7th 2455/2480 call spreads for .25. Sold for 4.25 on June 16th.
$SPX July 10th 2375/2350 put spreads for .25. Sold as part of a #CondorRoll for 5.60 on June 29th.
#ITM roll
Closed July 12th 2420/2445 call spreads for 13.75. Sold as part of an #IBroll for 18.85 on June 29th.
Sold to Open July 19th 2425/2450 call spreads for 14.00.
I’m leaving the put side of the #IronButterfly now, since it is currently OTM. Will keep an eye and roll it should we drop below 2410.
#PerpetualRollingStrangles – Using this pullback to book some gains and possibly get less inverted or maybe even to a straddle. These were sold against 121 strike puts…
Bought to Close GLD JUL 21 2017 113.0 Calls @ 3.65 (sold for 4.40)
#ShortCalls – Don’t trust this thing….booking it.
Bought to Close CMG JUL 7 2017 430.0 Call @ .20 (sold for 6.20)
#xle
sto 3 dte 65.00 put .60
$AAOI #ShortPuts Sold to open July 21st 55 Puts @ 1.60 when stock was at 61.04. Was filled immediately so I obviously was too cheap and early which I guess is better than being cheap and turned down. Will sell calls against the stock if assigned.
New highest strike so I’m throwing one out there to get it on the books.
Sold $DRIP Dec 15 40 call @ 2.80.
#ShortCalls – Taking some risk off. I’ll look to re-load after the split on a spike.
Bought to Close UVXY JAN 18 2019 60.0 Calls @ 1.79 (sold for 3.50 average)
BTC August 18, 55 puts @.05, sold @ 1.32
Taking a page from @fuzzballl
STO Jan18 $10/$5 call spreads @ $2.00. Has a great chance of closing early for near max profit and limited downside if something goes haywire.
#ShortCalls – I’ve been over writing these at about a 2 for 1 rate so taking some risk off since she’s bouncing…
Bought to Close NVDA JUL 28 2017 175.0 Calls @ .30 (sold for 1.10)
STO July 28, 100 puts @1.35
#ShortCalls – Still reducing basis of a DITM put. Replacing this week’s expiration with another one…staying in the week before earnings.
Sold CMG JUL 21 2017 425.0 Call @ 3.30
#ShortPuts Jeff, Joined you, sold July 14th 140 Puts @ 2.90 when $SVXY was at 155.36
STO July 28, 105 puts @1.55
#VXXGame Sold to Open $SVXY July 14th 140 put for 2.75
yesterday was assigned pff @40.00. had been rolling 39.00 put for 2 years and one day 6 -9 months ago rolled to 40.00 by mistake. anyway was about to just buy it at .20 and start over with 17 dte and bam assigned at 40 with stock at 39.11.it pays a monthly dividend.
Options Bistro 