Expirations Sales Rolls and Assignments

Busy day
#optionsexpiration
$MOMO 46.5 call (covered)
$LABU 66 call (covered)
$TRIP 44 calls Earnings trade Thank you @optioniceman
$UVXY 52 call Nice man @optioniceman
$AAOI 65 puts
$MOMO 42 puts Thank you @jdietz1954
$SPX 2350/2375 BUPS Thank you @jeffcp66
$SPX 2400/2425 BUPS Thank you @jeffcp66
$SPX 2520/2495 BECS
Earnings Trade
$W 75/80/85/80 $80 per contract loss

Sold Early
$SPX 8/18 2540/2515 BECS @94% profit Thank you @jeffcp66
$FB 8/18 190/180 BECS @96% profit

Todays Trades
#shortputs
$ALB 12/15 105 puts @ 3.70
$NVDA 9/15 145 puts @3.55
$NVDA 9/15 puts @1.36 Thank you @ramie7
$JD 8/18 42 puts @ .62 and .57 Earnings trade from @jeffcp66

#spxcampaign
$SPX 8/18 2495/2465 BECS @4.25 Thank you @jeffcp66

Rolled
$NTES 8/18 320 call to 8/25 287.50 @ 3.69 credit (These are against a 9/15 280 call long that I have been selling against and held over earnings – profitable, but should not have held over earnings)

Assigned
$SVXY @85 (83.5 basis) Did not get roll executed

Thanks to all. Rest this weekend. This week was more exciting than recent ones.

#OptionsExpiration for Aug 11 Just…

#OptionsExpiration for Aug 11
Just two today:
$SVXY Aug 11 70 puts
$UVXY Aug 11 50 calls

Have a great weekend.

ISRG

Just announced 3 for 1 split for September. Should be a much better trading vehicle after that. It’s another position I’ve been working awhile to get back to even. Long stock covered with a 900 call and breakeven of 903. One more roll and she’ll be green finally.

https://globenewswire.com/news-release/2017/08/11/1083856/0/en/Intuitive-Surgical-Board-of-Directors-Approves-a-Three-for-One-Stock-Split.html

GLD adjustment

#PerpetualRollingStrangles – Could Gartman be right? LOL…rolling out short calls and double selling puts until she turns around.

Rolled GLD SEP 15 2017 117.0 Calls to NOV 17 2017 118.0 Calls @ .21 credit

And:

Sold GLD SEP 1 2017 122.0 Puts @ 1.00

This was an additional sale of a full position. Still holding a full position of 121’s for next week with a stop on them at 50 percent of max gain.

SVXY

$SVXY rolled into the close Aug 18 75 put to Sep 15 72.50 put for a .50 credit.
No expirations.
Have a restful weekend.

#OptionsExpiration #Weeklys #Aug11 – It…

#OptionsExpiration #Weeklys #Aug11 – It was all about volatility this week.
Finally went long ‘some’ $SVXY against my short Jan 2018 and Jan 2019 Call positions
Dumped a small odd lot of $UVXY at the equivalent of 40 on a call assignment.

$VIX and VIX futures were down today and the S&P was up. If we don’t have war breakout over the weekend, the market should be strong on Monday.

— Expirations —
CMG (Weekly) Aug 11 2017 315 Puts
DUST (Weekly) Aug 11 2017 23.5 Puts
NUGT (Weekly) Aug 11 2017 23.5 Puts
SVXY (Weekly) Aug 11 2017 40 Puts
SVXY (Weekly) Aug 11 2017 42.5 Puts
TRIP (Weekly) Aug 11 2017 33 Puts
TRIP (Weekly) Aug 11 2017 35 Puts
TRIP (Weekly) Aug 11 2017 44 Calls
TRIP (Weekly) Aug 11 2017 44.5 Calls
UVXY (Weekly) Aug 11 2017 60 Calls
UVXY (Weekly) Aug 11 2017 61 Calls
UVXY (Weekly) Aug 11 2017 61 Calls
UVXY 25/(Weekly) Aug 11 2017 20 Calls

— Assignments —
SVXY (Weekly) Aug 11 2017 75 Puts – going long some stock
SVXY (Weekly) Aug 11 2017 78.5 Puts
SVXY (Weekly) Aug 11 2017 79 Puts
SVXY (Weekly) Aug 11 2017 79.5 Puts
SVXY (Weekly) Aug 11 2017 80 Puts
SVXY (Weekly) Aug 11 2017 80.25 Puts
SVXY (Weekly) Aug 11 2017 80.5 Puts
SVXY (Weekly) Aug 11 2017 80.75 Puts

UVXY 25/(Weekly) Aug 11 2017 10 Calls – selling out of an odd lot of stock

SVXY

STO January 2019, 75 calls @22.40 which will offset some assignments today.t This will be a 20.7% return if I am called in 2019. I will be assigned the following:

72 puts, 72.5 puts,73.5 puts, 74 puts, and 75 puts.

My expirations are 45 puts,42.5 puts, 40 puts, and 70 puts which came close.

Have a great weekend.

Options Expiration

SVXY $65 puts
SVXY $70 puts (these went ITM for a short time this afternoon)
UVXY $45 calls (these went ITM for a short time this afternoon)
UVXY $50 calls
UVXY $60 calls

Have a great weekend everyone.

UVXY

#IRA #VXXGame – Adding a new higher strike position…

Sold UVXY JAN 18 2019 60.0/75.0 Bear Call Spreads @ 1.73

$UVXY

Into the close rolled Aug 11 $39 call to Aug 18 $46.5 call for a $.20 credit

Closing AZO

Bought to close $AZO Aug 18 520 put for 3.20. Sold for 4.70 on 6/21. Considering how in the red this position was (option was trading for over 30.00 just a few weeks ago) I’ll take the 32% max profit instead of having to watch it and potentially roll it next week.

$UVXY #ShortCalls #Rollup – today’s…

$UVXY #ShortCalls #Rollup – today’s option might have expired worthless, but I rolled it up 36 Points for NEXT week.
Bought to close UVXY Aug 11 2017 46.0 Calls/Sold UVXY Aug 18 2017 82.0 Calls for a 0.95 Credit with the stock at 45.32 with 30 minutes until expiration
I took a loss on this week’s trade but I should make it all back and more in 5 days.

$SVXY #ShortPut – Sold 1…

$SVXY #ShortPuts – Sold 1 SVXY Sep 1 2017 50.0 Put @ 1.50.

#MARGIN – TDAmeritrade must have…

#MARGIN – TDAmeritrade must have just changed their margin requirements big time.
All of a sudden I’m on call.
What’s up with that?

$UVXY #ShortCalls – Sold 1…

$UVXY #ShortCalls – Sold 1 UVXY Jan 19 2018 82.0 Call @ 13.10 with the stock at 43.10.
Adding to my position.

$UVXY #ShortCalls #Rollup – today’s…

$UVXY #ShortCalls #Rollup – today’s option would have expired worthless, but I rolled it up 30 … that’s right … 30 Points for NEXT week.
Bought to close UVXY Aug 11 2017 52.0 Calls/Sold UVXY Aug 18 2017 82.0 Calls for a 0.66 Credit.

$SVXY #ShortPuts – rolling a…

$SVXY #ShortPuts – rolling a large SVXY short Put position.
I broke it up, making it an #OptionLadder.
Bought to close SVXY Aug 11 2017 81.0 Puts/Sold SVXY Aug 25 2017 79.0 Puts @ 0.30 Credit
Bought to close SVXY Aug 11 2017 81.0 Puts/Sold SVXY Sep 1 2017 77.5 Puts @ 0.39 Credit
Bought to close SVXY Aug 11 2017 81.0 Puts/Sold SVXY Sep 8 2017 76.0 Puts @ 0.25 Credit
Bought to close SVXY Aug 11 2017 81.0 Puts/Sold SVXY Sep 29 2017 75.0 Puts @ 0.35 Credit

SPX next-day closed

#SPXcampaign Closed $SPX Aug 11th 2425/2400 put spreads for .15 (closed shorts only). Sold yesterday for 2.00. Looks safe to expire but I have to leave my desk for remainder of day.

JD earnings

#Earnings JD.com reports Monday AM. They have a fairly bullish chart and bullish results on earnings.

Sold to Open $JD Aug 18th 42 puts for .60 and .67. May add a couple more if premium increases.
Biggest UP move: 11.4%, Biggest DOWN move: -7.4%, Average move: 4.8%. This trade is 8.5% OTM.

TTD earnings closed

#Earnings Bought to close $TTD Aug 18th 45/40 put spreads for .20. Sold yesterday for .80.

NVDA

#ShortPuts – Small in the #IRA replacing the ones closed earlier this week. These are right around the 200ma…

Sold NVDA JAN 19 2018 110.0 Put @ 2.50
Sold NVDA JAN 19 2018 120.0 Put @ 4.25

NUGT DUST combo platter

Closed these earlier this week hoping for some gold volatility to re-sell…

Bought to Close NUGT DEC 15 2017 58.0 Call @ 1.29 (sold for 4.30)
Bought to Close DUST DEC 15 2017 50.0 Call @ 1.50 (sold for 3.90)

NVDA put closed, and other earnings

#Earnings BTC $NVDA Aug 11th 155 put for 2.37. Sold yesterday for 2.27. Small loss, but nice profits on the multiple 150 puts, so all’s good. Don’t feel like taking assignment in this market, even of only 100 shares.

PLCE is another story. Got until next Friday for recovery to 110. Will keep an eye but no plans to close today.

HCA may have bottomed out this week. Up over 1% today in a weak market. I was assigned shares, recovery above 81 for breakeven.

NVDA

STO December 100 put @1.03 on 1 contract.

SPX puts closed

#SPXcampaign I have a couple ATM call spreads and and one ATM put spread expiring next week. I’ve been watching to see which I should roll (maybe both). At the moment I feel we have topped out for the day and will close lower, so I closed:

$SPX Aug 18th 2435/2410 put spreads for 5.85. Sold as part of a #CondorRoll for 6.70 on July 19th.

I will look to roll to another put spread when put premium increases.

SVXY, reducing my naked call exposure

BTC January 120 call @ 1.95, sold @ 2.77

BTC January 125 call @ .95, sold @ 2.75

BTC January 132.5 call @ 1.56, sold @ 2.15

BTC January 130 calls @ 1.05, sold @ 2.05

BTC January 135 calls @.75, sold @2.05

STO UVXY December 82 call @9.55 on 1 contract.

WYNN

#ShortStrangles – This is actually a good thing. As the puts get gradually rolled down we’re getting closer to the short 120 calls. Keep going!

Rolled WYNN AUG 11 2017 129.0 Puts to AUG 18 2017 128.0 Puts @ even

#spxcampaign btc 2490/2515 call @…

#spxcampaign

btc 2490/2515 call @ .70 ,had sold then rolled to collect total 3.30.
clearing deck for next , what ever.

NVDA Sep puts

Sold $NVDA Sep 15 135 puts @ 1.37. IV is still extremely high (at 100 IV rank) and not coming in yet. This strike is almost 20 points out of the money with an 85% probability of profit. Delta is 13.

NVDA

#IRA #ShortPuts – Another one I missed earlier this week. They were pretty profitable so didn’t want to hold through earnings.

Bought to Close NVDA JAN 19 2018 100.0 Put @ 1.08 (sold for 3.50)
Bought to Close NVDA JAN 19 2018 110.0 Put @ 1.80 (sold for 5.50)

SVXY

#ShortPuts #VXXGame – Earlier this week:

Bought to Close SVXY SEP 15 2017 42.5 Puts @ .50 (sold for 1.15)
Bought to Close SVXY SEP 15 2017 45.0 Puts @ .57 (sold for 1.27)

Replacing with these and smaller:

Sold 1 SVXY DEC 15 2017 40.0 Put @ 2.77
Sold 1 SVXY DEC 15 2017 45.0 Put @ 3.63

Selling XOP puts

Taking a shot on a bullish trade at the bottom of the range. Strike price is below recent lows 29.90 on 6/21 and 29.92 on 7/7. IV rank is 51.
Sold $XOP Sep 15 29 puts @ .64.
Delta 31.

$UVXY #ShortCalls #VXXGame – taking…

$UVXY #ShortCalls #VXXGame – taking advantage of the new strikes.
Sold 1 UVXY JAN 19 2018 82.0 Call @ 12.10
Sold 1 UVXY MAR 16 2018 82.0 Call @ 14.00
Sold 1 UVXY JAN 18 2019 75.0 Call @ 21.00

I could have taken the money from these sales and bought 100 shares of stock and still would have been cash flow positive.

UVXY

#NewStrikes #VXXGame – I’ve been sticking mainly to spreads in this thing way out in time for peace of mind and to keep from getting too big. With the NVDA position out of the way I feel more comfortable dipping a toe in on the naked side. Thanks @Iceman for pointing these out. New highest strikes…

These are 200 percent above the all time lows…sometimes that’s not enough so staying small.

Sold 1 UVXY SEP 15 2017 82.0 Call @ 3.40
Sold 1 UVXY DEC 15 2017 82.0 Call @ 9.60

#shortputspread NVDA Sold Sept. 15…

#shortputspread NVDA
Sold Sept. 15 140/145 for 1.10

AMZN

#LongCallDiagonals – Keeping up with a lot of the drop. I’ll be selling these aggressively and then hopefully getting out of the way on the way back up (if there is one 🙂 ).

Bought to Close AMZN AUG 11 2017 970.0 Call @ .68 (sold for 17.00)

Rolled this call down from 1000 to 990 to 980 to 970 collecting additional premium all the way down…

Then:

Sold AMZN AUG 18 2017 970.0 Call @ 8.93

Sure can feel the difference in a slightly higher VIX in all options. I’m good with 15 for awhile!

#Markets – Gartman Stakes His…

#Markets – Gartman Stakes His Reputation That “The Bull Market Has Come To An End”

btfd

$UVXY #CoveredCalls #Rollup – even…

$UVXY #CoveredCalls #Rollup – even though this week’s option is not threatened, I’m doing a roll to next week and moving up a strike price.
Bought to close UVXY 25/100 Aug 11 2017 12.0 Calls/ Sold UVXY 25/100 Aug 18 2017 13.0 Calls @ 0.52 Credit.

NVDA

#ShortStrangles – Back in….selling at the 100ma and all time high (and much smaller than last time)

Sold NVDA SEP 15 2017 135.0/175.0 Strangles @ 3.75

NVDA

#Earnings #ShortStrangles – Well, after quite a few weeks (months 🙂 ) of rolling and adjusting and collecting premium I’m out with a decent profit on a too big position.

Bought to Close NVDA AUG 11 2017 177.5/160.0 Inverted Strangles @ 20.50 (sold for 27.75)

Was hoping to keep more of it but happy to be out with a winner. Now, looking to get back in on this dip…

$TRIP #ShortCalls #Earnings – Bought…

$TRIP #ShortCalls #Earnings – Bought to close TRIP AUG 11 2017 41.0 Calls @ 0.05 to avoid possible assignment tonight. The stock was over 41 just yesterday.
Originally sold before earnings at 1.10.

SPX calls sold

#SPXcampaign Replacing calls that closed yesterday:
Sold $SPX Aug 17th 2465/2490 call spreads for 3.85. These are monthlys that expire next Friday morning. If they get threatened they will be easy to roll.

NVDA earnings

#Earnings A pretty good earnings report, but going with the market… 1-min cart so far matches the SPX 1-min chart. I will be closing early with profits.

SPX closures at open

#SPXcampaign Closed on GTC orders:
$SPX Aug 18th 2500/2525 call spreads for .20. Sold for 4.50 on June 1st.
$SPX Sept 1st 2525/2550 call spreads for .20. Sold for 1.50 on July 31st.

VIX dropping

#VIXIndicator #Market The VIX topped at 17.28 a few hours ago but is now dropping on lower than expected inflation numbers. Looks like indices will open flat or positive.

To me it looks like an opportunity to short, but this market has been killing the dreams of bears for years.

$UVXY #NewStrikes – Strike 82…

$UVXY #NewStrikes – Strike 82.0 Calls are now available for every expiration through March 2018.
I’m switching all new orders up to that strike.
Also, long term VXXGame Jan 2019 strikes now up to 75.

Good morning

This will be another interesting day. I still have some fire power left but am going to wait until I see the T2108 go below 5% or 10%. That will tell me that the market is oversold.