#spxcampaign
$SPX STO 9/13 2430/2455 BUPS @ 3.65
$SPX STO 9/15 2505/2480 BECS @ 5.10
Monthly Archives: August 2017
Downside Warning officially over
#VIXIndicator closed below the Fib 78.6% line, so the warning is over. Likely more upside in the coming days. Two more consecutive days below 10.65 will mean an Upside Warning.
#spxcampaign sto sept 29 call…
#spxcampaign
sto sept 29 call 2525/2550 @ 1.50
@ about 13:30
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT Nov 17 2017 60.0 Call @ 1.45. Highest available strike price.
Taking off some UVXY
Taking a cue from Iceman, I took off some positions with strikes in the 60s since I am also short at higher strikes. Seems like prudent risk management.
Bought to close:
$UVXY Dec 15 65 calls @ 4.20. Sold for 7.00-11.00 on 8/9 and 8/10.
$UVXY Jan 19 2018 65 calls @ 5.40. Sold for 8.10 and 11.50 on 8/9 and 8/10.
$UVXY Mar 16 2018 60 call @ 7.45. Sold for 9.00 on 8/9.
Also, bought to close $UVXY Sep 15 82 call @ .04. Sold for 4.50 on 8/11.
$NUGT Sold pre-split strike
In January
Sold $NUGT1 Jan 19 2018 19 calls @ .35 (equivalent to 76 strike)
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close the 2nd of my UVXY March 2018 60.0 short calls, with several more to go. With the VIX down, it’s a good time to lighten up on long term calls with lower strike prices.
Bought to close 1 UVXY Mar 16 2018 60.0 Call @ 7.40.
I sold strike 82 and strike 91 calls for the March expiration for much more than this.
Originally sold this one on 08/10/2017 at 11.20.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Adding to my positions.
Sold SVXY Sept 8 2017 82.0 Calls @ 1.11
Sold SVXY Sept 8 2017 83.0 Calls @ 0.72
Sold SVXY Sept 8 2017 84.0 Calls @ 0.41
$SVXY #CoveredCalls – Selling Calls…
$SVXY #CoveredCalls – Selling Calls for next week as I’m guessing the ones I have for this week are going to expire.
Sold SVXY Sept 8 2017 82.0 Calls @ 0.87
Sold SVXY Sept 8 2017 83.0 Calls @ 0.62
Sold SVXY Sept 8 2017 84.0 Calls @ 0.32
$NUGT-sold highest strikes
Nov 17 60 calls @ 1.30
Dec 15 60 calls @ 2.10
$SVXY #ShortCalls – Bought to…
$SVXY #ShortCalls – Bought to close SVXY Sep 15 2017 102.5 Calls @ 0.01. They won’t trade any lower.
Sold these before the 2-1 split.
Sold 1 SVXY Sep 15 2017 205.0 Call @ 2.07/2.27/2.47 on 6/29
Sold 1 SVXY Sep 15 2017 205.0 Call @ 2.67 on 6/30
NUGT call
#ContangoETFs Adding another rung to the ladder: Sold $NUGT Dec 15th 58 call for 2.28.
@spy btc 9.29.17, put @1.08…
btc 9.29.17, put @1.08 had sold for 2.61.
figured 60% return for 10 days on and 29 dte left /no brainer
do it again on next sell-off
SVXY #shortcallspreads STO BeCS Sept…
SVXY #shortcallspreads
STO BeCS Sept 08 80/85 for $1.50cr, SVXY at resistance 20 day ma. We’ll know in a week plus 1 day.
REGN soaring
@fuzzballl You trade this more than I. Do you have a level at which you will roll your 530 call?
#ShortStrangles
Covered Calls
#CoveredCalls #LongStock
Sold to Open $FB Sep 29th 175 call for 1.85
Sold to Open $PLCE Oct 20th 115 call for 2.00, adding to my position.
$AAOI rollout
I have a few September short put positions near the money but this one is too deep in the money to imagine the stock will get there in 2 weeks so I’m rolling Sep 75 puts out to Oct for 2.65 credit, with the stock at 60.73.
I previously rolled this and have been collecting premium against it (7.26 so far). So if I take assignment at Oct expiration my basis will be 67.74. Of course a lot can happen between now and then.
AMZN
#LongCallDiagonals – Sold against the drop all the way down now tucking my tail and running…rolling up to the 50ma. If she gets thru that then something more aggressive will be required.
Rolled AMZN SEP 1 2017 955.0 Call to SEP 29 2017 975.0 Call @ .27 credit
yet more SPX
#SPXcampaign The triage continues as I flip my account from short to long.
Bought to close $SPX Sep 29th 2505/2530 call spreads for 4.00
Sold to Open Oct 6th 2340/2365/2535/2560 #CondorRoll for 3.15, 1.33x position size.
#RiskReversal #LongCallSpread
Bought to OPEN SPX Sep 8th 2480/2495 long call spreads for 2.90
Sold to Open SPX Sep 8th 2450/2425 short put spreads for 3.15
The spread I purchased is only 15-wide, which made it cheaper. Closing this one for $15 would exceed my expectations, so buying a smaller size than I sell works for me.
Also, closed on GTC order:
Sep 15th 2310/2285 put spreads for .20. Sold as a roll on Aug 10th for 2.05
NVDA
#ShortStrangles – Popping out of a daily squeeze and looking strong. Booking some nice winners before the call sides get in trouble.
Bought to Close NVDA SEP 15 2017 155.0/175.0 Strangles @ 2.35 (sold for 7.28)
Bought to Close NVDA SEP 29 2017 150.0/180.0 Strangle @ 2.91 (sold for 4.65)
Flat in NVDA for the first time in a long time. Will be looking for something to re-enter…
more SPX trades
Bought to close $SPX Sep 15th 2480/2505 call spreads for 6.20. Sold for 2.98 yesterday.
#ReverseRoll Sold Sep 13th 2455/2430 put spreads for 4.70. Will make up 1.50 debit.
Bought to close Sep 13th 2470/2495 call spreads for 10.05. Sold for 5.45 yesterday. Roll coming.
Bought to close Sep 25th 2500/2525 call spreads for 4.20. Sold for 1.60 on Aug 21st.
#ReverseRoll Sold Sep 25th 2445/2420 put spreads for 4.50.
SVXY rolled this week 75…
SVXY rolled this week 75 call to next week for 0.85 credit. There was only about 0.15 of time decay left when I rolled it.
Part of the SVXY synthetic. Will do full update tomorrow but cost basis on the first group down to 13.90 now or about 13.95 with commissions after 2 weeks.
SPX trades
#SPXcampaign VIX plummeting. Moving toward the end of Downside warning today. Sold to Open the following $SPX put spreads:
Sep 1st 2470/24456 for 5.80. Expires tomorrow. May close today if we get high enough.
Sep 25th 2425/2400 for 3.05.
Sep 29th 2375/2350 for 1.60.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close more UVXY1(25 shares) Sep 15 2017 60.0 Calls @ 0.01.
They won’t trade any lower.
Originally sold on :
01/30/2017 @ 6.50
02/10/2017 @ 4.30
02/24/2017 @ 4.60
03/22/2017 @ 2.35 & 2.56
05/18/2017 @ 1.19
$BIIB #ShortPuts -Bought to close…
$BIIB #ShortPuts -Bought to close 1 BIIB OCT 20 2017 185.0 Put @ 0.05. It won’t trade any lower and still has 6 weeks until expiration.
Originally sold on 05/08/2017 @ 1.15
$SJM #ShortPuts #FallingKnife – Sold…
$SJM #ShortPuts #FallingKnife – Sold 1 SJM APR 20 2018 90.0 Put @ 1.70 with the stock at 103.50
SPX Chart and VIX Indicator have been updated
Tomorrow, and Friday with the Jobs Report, should tell us whether we’re headed up or down into September.
$SVXY #ShortPuts Sold to open…
$SVXY #ShortPuts Sold to open Oct 20th 55Puts @ 1.85 with $SVXY at 77.52 during that dip around 3:45.
SPX trades
#SPXcampaign I had to close two call spreads that went ATM today. The VIX dipped but ended off its lows. I will do more rolling tomorrow.
Bought to close $SPX Sep 14th 2460/2485 call spreads for 10.60. Sold yesterday for 6.00. Not yet rolled.
Bought to close Sep 6th 2460/2485 call spreads for 7.70. Sold as part of a #CondorRoll for 6.65 on Aug 25th. Rolled…
#ATMroll Sold Sep 13th 2470/2495 call spreads for 5.45. Ten points higher and I can roll again if we hit 2470. Will add a put spread tomorrow to make up for the debut.
Also, sold to open Sep 29th 2510/2535 call spreads for 1.40, standard campaign position.
#Market
I have been busy closing out a lot of positions for small profit and gains as well as some nice profits. I am now in 60% cash and waiting for more expirations in September to bring me up to 70% cash. My feeling is that we need a correction and if the number on Friday is a big one we could get a taper tantrum in the bond market. We are also faced with the north Korea problem and don’t see a solution that one either. Timing is everything and I may be wrong but I am willing to wait until November to see how this plays out.
Closing UVXY
Had an order in to close some of these at .01. This one got filled.
Bought to close $UVXY Sep 8 82 call @ .01. Sold for 3.65 on 8/11.
Closing Oct MNK
Bought to close $MNK Oct 20 30 puts @ .25. Sold for 1.20 on 5/17. Taking it off 1 1/2 months early. I still have a nice size position in Jan (short 30 puts) that I’ll keep on.
Closing Nov ESRX
Bought to close $ESRX Nov 17 52.50 puts @ .44. Sold for 1.36 on 5/11.
Taking almost 70% max profit out about 2 1/2 months early.
Closing Sep AZO
Getting out of this for around 65% of max profit when it was deep underwater as recently as last week. The options were trading as high as 15 in early July when the stock made its excursion below 500 into the 490s. I thought this one was going to have to get rolled out based on how it was acting but the modest recovery sucked the premium out of the options. Taking the profit a couple of weeks early and not looking back.
Bought to close $AZO Sep 15 480 puts @ .85. Sold for 2.50 on 5/23.
$SVXY #ShortPuts Sold to open…
$SVXY #ShortPuts Sold to open Sept 29th 65 Put @ 2.05 with SVXY @ 78.04, just off VWAP. Only 1 contract in case it breaks lower.
lunch trades, only time i…
lunch trades, only time i get to trade most of the week
rolled xbi 9/15 75 put to 10/6 77 put for 0.9 credit. sold for 1.06 off a ladder roll about a month ago. keeping 3-4 weeks of a rolling ladder going.
btc swks this week 101 put for 0.35. sold for 1.06 as part of recovery rolls over a month ago. nice to finally be done with this one. i set up a ladder when it was up around 112. then dropped as low as 94-95 so have been rolling for about 6-8 weeks and finally have the original profit back. this is still a good one for ladders but i am going to leave it alone for a few weeks.
these freed up some cash/margin for the next drop or vol. increase!
svxy synthetic is looking great for this week. will update tomorrow or friday and roll to new positions.
#spxcampaign sto call oct 2/2515/2540…
sto call oct 2/2515/2540 @ 1.70
may not be top ..but close!
#spxcampaign closing out puts to…
closing out puts to release capitol and wait for next down leg/
btc put sept 15/2320/2295 @ .40 had sold for 1.70
btc put sept 15/2350/2325 @ .65 had sold for 1.90
btc put sept 22 / 2330/2305 @ .85 had sold for 1.50
VIX dropping
#SPXcampaign #VIXINdicator With the VIX breaking below its intraday consolidation and SPX shooting higher, I’m beginning the process of reversing my SPX campaign positions from short to long. The Downside signal will not officially be over until a close below 10.65, but today it’s certainly looking to be headed there.
CBI puts
Not my typical strategy but IV rank is still high from its big August move down (IVR 63). Stock is moving up strongly today so selling puts with IV still high. Strike price is near the lows from mid-August.
Sold $CBI Oct 20 10 puts @ .38.
SPX trades
#SPXcampaign Sold to Open $SPX Sep 15th 2480/2505 call spreads for 3.00. Extra spread offsetting existing put spreads; looking to sell a put spread in a different expiry.
Closed on GTC order: Sep 8th 2340/2315 put spreads for .20. Sold for 1.50 on Aug 10th.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY1(25 shares) Sep 15 2017 60.0 Call @ 0.01. It won’t trade any lower.
Originally sold on 03/23/2017 @ 2.75
From the SMM/Omm forum this…
From the SMM/OMM forum this morning – psst … Don’t worry if you are no longer a member.
#OT #NYCPicnic – Oct 7th I think either at 12 or 1:00 in Strawberry fields Central Park – more direct info to follow – We usually meet up on 72nd street and Central Park West and walk in together. Please email me of your interest in going so we have a general idea of a head count if the weather is not good to move it indoors some where and so I have an email list for contacting you regarding the gathering. We have been very successful with these in the past and I think you will all enjoy meeting Dan and Gary and conversing with fellow traders and put a face to the names here. Please email me at aragorn555_2010@yahoo dot com.
Below is What Gary wrote previously
#NYC Picnic – SATURDAY, OCTOBER 7, 2017. Hey Team. We are all set for some fun in Central Park on Oct. 7, 2017. I’ll work with @Aragorn on specifics and let you know but we usually meet early afternoon and all bring lunch, lounge chairs, etc. So, SAVE THE DATE!!
Can’t wait to see all of you.
$SVXY #ShortPuts – yesterday, knowing…
$SVXY #ShortPuts – yesterday, knowing that the VIX was up 2 points, I put in a rolling order for Puts for this week. The quick morning rally is SVXY allowed the order to fill before 11am and then the stock just kept moving up. I’ll still take the profit on this week’s puts as I continue to lower the strike prices on my puts.
Bought to close SVXY Sep 1 2018 77.5 Puts/Sold SVXY Sep 22 2018 72.0 Puts @ 1.10 Credit
$APA $RRC $UAA #ShortPuts -…
$APA $RRC $UAA #ShortPuts – all falling knives for now
Sold 1 APA Apr 20 2018 32.5 Call @ 1.67 with the stock at 38.50
Sold 1 UAA Jan 19 2018 15.0 Call @ 1.11 with the stock at 16.50
Sold 1 RRC Jan 10 2018 16.0 Put @ 1.40 with the stock at 17.50
$NUGT #CoveredCalls – Sold NUGT…
$NUGT #CoveredCalls – Sold NUGT (25 shares) Jan 19 2018 16 Calls @ 0.58.
Equal to a 64.0 Strike price on 100 shares.
$DUST #ShortPuts #Speculation – in…
$DUST #ShortPuts #Speculation – in case the run in gold runs out of gas –
Sold DUST Sep 1 2017 21.0 Puts @ 0.40 – these expire Friday
Sold DUST Sep 8 2017 20.0 Puts @ 0.40.
Strike prices a point lower than yesterday’s trades.
$TRIP #ShortPuts – Bought to…
$TRIP #ShortPuts – Bought to close TRIP Sep 15 2017 35.0 Puts @ 0.05.
It won’t trade any lower.
Originally sold 2/23/17 at 1.40
SPX Campaign Short Puts
Following @jeffcp66
#spxcampaign
$SPX STO 9/15 2485/2460 BECS @ 7.15
$SPX STO 9/22 2500/2475 BECS @ 5.20
Following @ramie77#shortputs
$BBY STO 10/20 52.50 puts @ 1.62
$AAOI STO 10/20 50 puts @ 2.00 Thank you @ramie77
BBY adding
Adding just a bit here. Sold a small position of the $BBY Oct 20 52.50 puts earlier today. With the further down move I just sold Oct 20 50.00 puts for 1.00.
SPX reversal?
#SPXcampaign The huge reversal in SPX and big drop in VIX (looking to end down on the day) could signal a sort-term bottom is in. I am looking to close some call spreads with profits; if there is a follow-through rally tomorrow, I will be facing a serious drawdown if I don’t close some today.
LMAO…all three AMZN stories in the same Street.com email update
https://www.thestreet.com/story/14285119/1/amazon-will-leave-carnage-as-it-steamrolls-through-grocery-industry.html?puc=_htmlttt_pla6&cm_ven=EMAIL_htmlttt&tstmem=65338268&utm_source=newsletter&utm_medium=email&utm_campaign=TTEN&utm_term=Amazon+Will+Leave+Carnage+as+It+Steamrolls+Through+Grocery+Industry
https://www.thestreet.com/story/14285932/1/here-are-the-benefits-amazon-prime-members-will-get-at-whole-foods.html?puc=_htmlttt_pla7&cm_ven=EMAIL_htmlttt&tstmem=65338268&utm_source=newsletter&utm_medium=email&utm_campaign=TTEN&utm_term=Here+Are+the+Benefits+Amazon+Prime+Members+Will+Get+at+Whole+Foods
https://www.thestreet.com/story/14287148/1/amazon-on-the-verge-of-a-colossal-breakdown-after-whole-foods-m-amp-a-chart.html?puc=_htmlttt_pla8&cm_ven=EMAIL_htmlttt&tstmem=65338268&utm_source=newsletter&utm_medium=email&utm_campaign=TTEN&utm_term=Amazon+Is+on+the+Verge+of+a+Colossal+Breakdown+After+Whole+Foods+Deal
#fallingknife BBY Does anyone see…
#fallingknife BBY
Does anyone see BBY as a falling knife? It’s down 7.60, 12% after earnings.
$SVXY #SportPuts Sold Sept 22nd…
$SVXY #SportPuts Sold Sept 22nd 60 Puts @ 1.25 when $SVXY was at 76.45. I was adjusting down my price from this morning which wasn’t filled and got too close to the mid. Should have walked down instead of leaping.
#shortcallspreads CMG Sold Sept.15 330/335…
#shortcallspreads CMG
Sold Sept.15 330/335 at .70 each
SPX calls sold
#SPXcampaign Another downside signal fired in premarket with VIX high of 14.34. I’ve profited greatly from call spreads in August, and I’m banking there’s more time left before the next rally to new highs.
Sold to Open $SPX Sep 14th 2460/2485 call spreads for 6.00.
Sold to Open $SPX Sep 22nd 2475/2500 call spreads for 4.50.
Also trying to sell put spreads since the open. I’ve been waiting for a stronger spike down, but it’s not coming. Always a possibility that this morning’s open was the low.
A little DRIP
Sold $DRIP Nov 17 40 calls @ 2.00. Highest strike in Nov.
GLD
#PerpetualRollingStrangles – Bought to Close GLD SEP 1 2017 122.0 Puts @ .05 (sold for 1.00)
$UVXY #CoveredCalls – Sold UVXY1…
$UVXY #CoveredCalls – Sold UVXY1 (25 shares) SEP 15 2017 12.0 Calls @ 0.42 against an odd lot of stock.
Equivalent to a 48.0 strike price.
TLT
#PerpetualRollingStrangles – Set a stop on next week’s 126.5s at 50 percent of max profit. Selling a new batch for slight delta adjustment.
Sold TLT SEP 22 2017 126.5 Puts @ .70
$UVXY #CoveredCalls – Sold UVXY1…
$UVXY #CoveredCalls – Sold UVXY1 (25 shares) SEP 15 2017 11.0 Calls @ 0.59 against an odd lot of stock.
Equivalent to a 44.0 strike price.
BBY Oct
$BBY On the post-earnings move down, sold Oct 20 52.50 puts (27 delta) for 1.46. Strike price is below the July lows.
$NUGT #CoveredCalls – Sold NUGT1…
$NUGT #CoveredCalls – Sold NUGT1 (25 shares) SEP 15 2017 11.0 Calls @ 0.30 against an odd lot of stock.
Equivalent to a 44.0 strike price.
$UVXY $SVXY
STO $UVXY Sep 1 $39 call @ $1.00
STO $UVXY Sep 1 $46 calls @ $.50
STO $UVXY Mar’18 $91 call @ $8.15
STO $SVXY Sep 15 $49 puts @ $.50
NUGT call
#ContangoETFs Sold $NUGT Dec 15th 51 call for 3.80, adding to my position.
UVXY Oct
Sold $UVXY Oct 20 80 calls @ 3.00. Highest strike.
Good morning
A bit ugly this morning.
Closed Early
#spxcampaign
$SPX BTC 9/15 2545/2520 BECS @ 89% profit
$SPX BTC 9/15 2540/2515 BECS @ 91% profit
$DUST #ShortPuts #Speculation – in…
$DUST #ShortPuts #Speculation – in case the run in gold runs out of gas –
Sold DUST Sep 1 2017 22.0 Puts @ 0.40 – these expire Friday
Sold DUST Sep 8 2017 21.0 Puts @ 0.40.
Both trades when the stock was about 22.70.
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT Sep 1 2017 40.0 Calls @ 0.44 with the stock at 37.58. These expire Friday.
$SLV #ShortPuts – Bought to…
$SLV #ShortPuts – Bought to close SLV Oct 20 2017 13.5 Puts @ 0.01.
They won’t trade any lower and still have two months to run.
$SJM #ShortPuts #FallingKnife – Sold…
$SJM #ShortPuts #FallingKnife – Sold 1 SJM Jan 19 2018 95.0 Put @ 1.65 with the stock at 104.28
$NUGT #CoveredCalls – Sold 3…
$NUGT #CoveredCalls – Sold 3 NUGT 25/100 Sep 15 2017 10.0 Calls @ 0.30 against a 75 share position.
The effective strike price is 40.0
BBY earnings
#Earnings Sold to Open $BBY 57.5 puts for 1.06. Biggest UP move: 21.5%, Biggest DOWN move: -7.4%, Average move: 8.6%. This trade is 7.5% OTM.
NUGT calls
Sold at the highest strikes:
$NUGT Oct 20 50 calls @ 1.30
$NUGT Dec 15 58 calls @ 2.00
Options Bistro 