$SPX 2415/2440 BUPS STO on 7/31 for 1.70 Thank you @jeffcp66
Daily Archives: Wednesday, August 9, 2017
NVDA clear the sky
#Earnings Bought to close $NVDA Aug 18th 180 call for 5.30. Sold on June 8th for 4.40. I’ll do an earnings trade tomorrow by selling puts, not calls.
SPX roll
#SPXcampaign Closed $SPX Aug 16th 2440/2465 call spreads for 19.65. Sold last week for 19.90.
#ITMroll Sold SPX Aug 23rd 2445/2470 call spreads for 19.50, right before bell.
Was able to take advantage of the rally into close for a good roll, but missed fills on new put spreads earlier.
#/ym
Hey fibwizard and fuzzball
was yesterday or today better pattern and money maker on /ym?
#Markets –
#Markets –
All that and we’re gonna close flat?
Looks like it was #BTFD again.
$SVXY #ShortPuts – Sold 1…
$SVXY #ShortPuts – Sold 1 SVXY Aug 18 2017 74.0 Put @ 1.45 with the stock at 84.46.
$SVXY #ShortPuts – Sold 1…
$SVXY #ShortPuts – Sold 1 SVXY Aug 11 2017 80.0 Put @ 0.97 to add to my existing position.
This expires in 2 more days.
$MYL #ShortCalls – Bought to…
$MYL #ShortCalls – Bought to close MYL Oct 20 2017 47.5 Calls @ 0.01.
Originally sold @ 0.40 in May.
$UAA #ShortCalls – Bought to…
$UAA #ShortCalls – Bought to close UAA Jan 19 2018 35.0 Calls @ 0.01. They won’t trade any lower and there are still 163 days until expiration.
Originally sold @ 0.45 in February.
$UVXY #ShortCalls – a second…
$UVXY #ShortCalls – a second spike today to 34 – Selling at the highest strikes
Sold UVXY Aug 18 2017 65.0 Calls @ 0.67
Sold UVXY Aug 25 2017 60.0 Calls @ 1.33
Sold UVXY Sep 1 2017 60.0 Calls @ 1.80
Sold UVXY Sep 8 2017 60.0 Calls @ 2.23
Sold UVXY Sep 15 2017 65.0 Calls @ 2.61
SVXY
STO December 50 puts @3.30
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Sep 15 2017 55.0 Puts @ 1.25 with the stock at 86.10
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY AUG 18 2017 52.0 Puts @ 0.23 with the stock at 86.07
Recovery experiment
So WDC dropped 16-17 points after earnings. I had small positions on several accounts. Options Income Blueprint suggests that with a big drop like that quicker to break even by taking delivery of the stock and selling covered calls than to keep rolling the put.
So I have taken the stock on half the accounts and am rolling the puts on the other half. 3 weeks in looks like the covered calls are winning. Rolling the puts I am only able to get about 0.20 of time value each week but selling the covered calls a few strikes OTM can take in 0.50-0.70. So the cost basis is already lower on the CC than the rolled puts and with even a slight rebound can get out at even.
If you are willing to sell ATM and roll the calls can get $1-2 per week which would make break even quicker but would probably have more adjusting. Will take me about 3-6 more weeks to fix them all the way but both work.
I think the CC is quicker to recover, just ties up more capital. The bottom line is a long as you know your cost basis and eventually close out the trade above your cost basis you will come out ahead and much easier with names that have weekly options.
$TRIP #CoveredCalls – Sold TRIP…
$TRIP #CoveredCalls – Sold TRIP SEP 15 2017 40.0 Calls @ 1.25
Update on $BA Trade
This trade was based on previously posted article:
Intelligent Short Put Spread
Monthly Options
Back-test length: three-years
Open 2-days After Earnings
Close 29-days Later
Holding Period: 28-Days per Earnings
Results of Back Test
Winning Trades:
10
Losing Trades:
2
Post-Earnings Short Put Spread Return:
103.8%
Annualized Return:
113%
Closed Early
$BA BTC 8/18 255/245 BECS @ .30 STO 7/31 for 2.80
Held for 7 days rather than 29. But trade did work for me.
$AAOI rollout
I’m rolling this week’s in-the-money 75 puts out to the September monthly (9/15) expiration for 3.41 credit.
Bought to close $AAOI Aug 11 75 puts @ 6.89
Sold to open $AAOI Sep 15 75 puts @ 10.30
This further reduces my basis in the trade. With the 3.41 credit plus the 1.20 premium I took in for the Aug 11 75 puts my cost basis for the stock, if assigned, will be 70.39. It is currently trading at 68.33.
$IWM strangle
Taking advantage of the increase in volatility to sell premium. Leaning slightly bearish.
Sold $IWM Sep 15 134/142 strangles @ 2.30.
HSIC #FallingKnife Sold $HSIC Jan…
HSIC #FallingKnife
Sold $HSIC Jan 19 2018 145 puts @ 2.00
$FOSL
Post-earnings, sold $FOSL Jan 19 2018 8.00 puts @ 1.20
$SVXY
STO $SVXY Sep 15 60 put @ 1.65
$UVXY #ShortCalls #VXXGame #Scalptrade -…
$UVXY #ShortCalls #VXXGame #Scalptrade – these expire Friday
Sold UVXY Aug 11 2017 52.0 Calls @ 0.28
Sold UVXY Aug 11 2017 63.0 Calls @ 0.11 – highest strike
#VXXGame trades Sold these near…
#VXXGame trades
Sold these near the open:
$SVXY Aug 25 67.50 puts @ 1.10
$SVXY Sep 1 62.50 puts @ 1.10
$SVXY Sep 8 60 puts @ 1.15
$SVXY Sep 15 52.50 puts @ 1.10
$UVXY Aug 25 60 calls @ .94
$UVXY Sep 1 60 call @ 1.40
$UVXY Sep 8 60 call @ 1.70
$UVXY Sep 15 65 call @ 2.27
$UVXY Sep 22 55 call @ 3.13
$UVXY Dec 15 65 call @ 7.00
$UVXY Jan 19 2018 65 call @ 8.10
$UVXY Mar 16 2018 60 call @ 9.00
$UVXY #ShortCalls – staying small…
$UVXY #ShortCalls – staying small but getting higher prices than the last VIX move
Sold 1 UVXY Jan 19 2018 65.0 Call @ 8.00
Sold 1 UVXY Dec 15 2017 65.0 Call @ 7.00
$SVXY #ShortPuts – small positions…
$SVXY #ShortPuts – small positions for next week
Sold SVXY Aug 18 2017 74.0 Puts @ 1.24
Sold SVXY Aug 18 2017 73.0 Puts @ 1.16
Sold SVXY Aug 18 2017 72.0 Puts @ 1.09
$SVXY #ShortPuts #IRA #Scalptrade -…
$SVXY #ShortPuts #IRA #Scalptrade – using up some IRA buying power
Sold SVXY Aug 11 2017 75.0 Puts @ 0.49
Sold SVXY Aug 11 2017 73.5 Puts @ 0.31
Sold SVXY Aug 11 2017 72.0 Puts @ 0.30
These expire Friday
UVXY #shortstock short at 32.59,…
UVXY #shortstock
short at 32.59, so far so good.
Trades yesterday & this morning
#Earnings #LongCalls #LongStock
Remaining $ZNGA long stock closed yesterday on trail stop for 3.70. Breakeven on that half, small loss on the first half. Over all just under $100 loss on a long-call purchase.
#VXXGame BTC $SVXY Sep 50 puts yesterday for .53. Sold in the 100/180 strangle (after split: 50/90) for 18.95 on March 21st.
#SPXcampaign Overnight: Closed on GTC order: $SPX Aug 17th 2515/2540 call spreads for .20. Sold for 1.60 on July 19th.
This morning: Closed on GTC order: SPX Aug 25th 2525/2550 call spreads for .20. Sold for 1.75 on July 25th.
$VIX $UVXY $SVXY
$VIX $UVXY $SVXY – just to get perspective on the magnitude of these potential moves.
7/6/2017 VIX=13 UVXY=45 SVXY=75 (approximately)
7/12/2017 VIX=10.85(on it’s way down to 8.84 on 7/26) UVXY=38.48 SVXY=80.83
Today(premarket) VIX=12.63 UVXY=32.80 SVXY=86.22
Downside signal fired
#VIXIndicator A downside signal has fired in the pre-markets, with VIX passing 12.41. This cancels the Upside Warning, and puts us on notice that more downside is possible. If the VIX hits 13.26, that would be a full-fledged Warning.
For those trading #VXXGame, be careful if you are carrying multiple short volatility positions. Take profits early; don’t always wait for expiration!
Economic Data
ta
8:30am EST Prelim Nonfarm Productivity q/q – street sees 0.7%
8:30am EST Prelim Unit Labor Costs q/q – street sees 1.1%
10:00am EST Final Wholesale Inventories m/m – street sees 0.6%
10:30am EST Crude Oil Inventories – street sees -2.6M
1:01pm EST 10-y Bond Auction
Earnings before Open
ABRAXAS PETE/NV (AXAS) – consensus 0.02
ARRAY BIOPHARMA (ARRY) – consensus -0.21
CHILDRENS PLACE (PLCE) – consensus 0.75
EAGLE PHARMACT (EGRX) – consensus 0.53
FIFTH STREET FI (FSC) – consensus 0.13
JOUNCE THERAPTC (JNCE) – consensus -0.15
MYLAN NV (MYL) – consensus 1.19
NOVO-NORDISK AS (NVO) – consensus 0.56
OFFICE DEPOT (ODP) – consensus 0.09
SINA CORP (SINA) – consensus 0.43
STRATASYS LTD (SSYS) – consensus 0.01
WENDYS CO/THE (WEN) – consensus 0.13
WOLVERINE WORLD (WWW) – consensus 0.29
Earnings After Markets Close
AGRIUM INC (AGU) – consensus 4.04
CAPSTONE TURBIN (CPST) – consensus -0.12
FIFTH ST SNR FR (FSFR) – consensus 0.18
GERON CORP (GERN) – consensus -0.05
IAMGOLD CORP (IAG) – consensus 0.01
JACK IN THE BOX (JACK) – consensus 1.05
KEYERA CORP (KEY) – consensus 0.37
NETEASE INC (NTES) – consensus 4.07
PLANET FITNESS (PLNT) – consensus 0.19
POINTS INTL LTD (PCOM) – consensus 0.05
SUN LIFE FINL (SLF) – consensus 0.74
TWENTY-FST CF-A (FOXA) – consensus 0.34
Options Bistro 