More reading…

for all of you learning short option trading, I’ve found a simply written book solely on selling single, spread and covered call options. It’s written in plain language, sans algos, with “click-by-click” directions on entering a trade, wow! The focus is on not owning shares, unless assigned, selling Delta 12, 6 weeks out, monthly/weekly, stock or ETF short puts, call/put credit spreads or covered calls for .30 to .50 cents. The is a Kindle book for 9.99…get the app free, buy the Kindle edition. Look for: Earn 5 to 10% Monthly Selling Options: Specific Step-By-Step Wealth Building System. Duvall, Boyce. Blocker Publishing. Kindle Edition.

For those more seasoned here are sone tidbits: their top stocks traded are: PCLN AAPL GOOGL CMG AMZN AFSI BOFI FB BAC ISRG Other stocks traded are:
VIPS SUNE REGN AZO ICE BLK NKE COST SBUX NFLX AGO HIG

Best ETFs traded: SPY—S&P 500 Index QQQ—Nasdaq 100 Trust Series RUT—Russell 2000 Index IWH—Russell 2000 Index Trust FAS—Direxion Financial Bull TNA—Direxion Small Cap Bull UWM—ProShares Ultra Russell 2000 DIA—Dow Jones Industrial Index—ERX—D Energy Bull SSO—ProShares Ultra S&P 500 Other ETFs we trade: XLE—Energy Select Index EEM—MSCI Emerging Market Index QLD—Pro Shares Ultra QQQ XLF—Financial Select Sector SPDR Fund USO—US Oil Fund EWZ—iShares Brazil Index EWA—iShares Australia OIH—Holders Oil Service FXI—China Index UNG—United States Natural Gas Fund GLD—SPDR Gold Shares SLV—iShares Silver Trust QLD—ProShares Ultra NASDAQ UPRO—ProShares S&P 500 TZA—Direxion Russell 2000 FAZ—Direxion Financials Bear BBH—Biotech

Trade safely…

$SVXY #LongStock – You can’t…

$SVXY #LongStock – You can’t let a big stock position run 10 points without taking some of it off.
In the after hours, sold a bunch of SVXY @ 81.00.
This was the lot of stock that got put to me at 80.75 Friday.
Let’s see what tomorrow brings.

$SVXY #CoveredCalls – Missed the…

$SVXY #CoveredCalls – Missed the last 45 minutes of the market, but I did have orders already in.
Adding to earlier positions at better premiums.
— This week —
Sold 1 SVXY Aug 18 2017 81.0 Call @ 1.85
Sold 1 SVXY Aug 18 2017 81.5 Call @ 1.65
Sold 1 SVXY Aug 18 2017 81.5 Call @ 1.97
Sold 1 SVXY Aug 18 2017 82.0 Call @ 1.35
Sold 1 SVXY Aug 18 2017 82.5 Call @ 1.16
Sold SVXY Aug 18 2017 83.0 Calls @ 0.96
Sold 1 SVXY Aug 18 2017 83.0 Call @ 1.16
Sold SVXY Aug 18 2017 83.5 Calls @ 0.92
Sold SVXY Aug 18 2017 84.0 Calls @ 0.76
Sold SVXY Aug 18 2017 84.5 Calls @ 0.64

— Next Week —
Sold 1 SVXY Aug 25 2017 85.0 Call @ 1.44
Sold 1 SVXY Aug 25 2017 85.5 Call @ 1.20
Sold 1 SVXY Aug 25 2017 86.0 Call @ 1.03

$UVXY–Took a few off

Got pretty heavy in this the end of last week and I promised myself I would thin a bit on a retreat in volatility. Peeling a few off just for position size management.
Bought to close:
$UVXY 8/25 82 call @ .15 Sold for 2.20 on 8/11
$UVXY 8/25 60 call @ .39 Sold for 1.80 on 8/10
$UVXY 9/1 82 call @ .37 Sold for 3.10 on 8/11
Will look for more opportunities if things remain calm.

SPX CAmpaign Short Calls and Closed Early

#spxcampaign
$SPX STO 8/25 2500/2475 @ 7.60
$SPX STO 9/15 2545/2520 @ 1.60
#shortcalls
$SVXY STO 8/18 82.50 call @ 1.26 (Covered) Thank you @optioniceman

Closed Early Half of Position
$COST BTC 8/18 150/155 @ 81% profit (Patience worked this time)

$SVXY #CoveredCalls – Adding to…

$SVXY #CoveredCalls – Adding to my positions in both these.
Sold SVXY Aug 18 2017 82.5 Calls @ 1.05 with the stock at 79.85.
Sold SVXY Aug 18 2017 83.0 Calls @ 0.83 with the stock at 79.75.

NUGT #shortcalls BTC Aug 18…

NUGT #shortcalls

BTC Aug 18 $35 call for 0.19, sold Thursday for 0.50. Time to lighten short gold as calm resumes, for now. I’m now ready (high cash) for the next move.

UVXY

STO Sep 8 $91 calls @ $.51, small position just to get something on the books for this expiration, didn’t have anything.

BTFD strikes again. Or in…

BTFD strikes again. Or in our case SOTFD (sell options on the FD). Wish I had not been so busy this morning. Would have sold SVXY puts and some SPY/ES puts this morning at the open but was too busy.

Oh well, will close out positions in next 1-3 weeks then reload. Hopefully people keep buying SPX puts to keep the VIX up.

VXX

Gonna classify this under a new hashtag. The infamous #LongPutDiagonals although it will probably more than likely end up being a long term short stock position after the upcoming split. For now just messing around this week to get started…about a one-tenth position size.

Sold VXX AUG 18 2017 11.0/13.o Bear Call Spreads @ 1.00

Makes money below 12 and gets me some short stock if she spikes…I’ll add the rest after the split.

SVXY

STO September 29, 40 puts @.75

$SVXY

Made couple of sales this morning to replace puts that expired last week. Waited a while before putting these on, so lower prices than if I had done it first thing this morning.

STO Sep 1 $60 puts @ $.88
STO Sep 8 $55 puts @ $.76

#earnings #shortputs JD Bought Aug….

#earnings #shortputs JD
Bought Aug. 18 JD puts for .12, sold for .61 on Friday-thanks Jeff

$MYL #ShortPuts #FallingKnife – Sold…

$MYL #ShortPuts #FallingKnife – Sold 1 MYL JAN 19 2018 27.5 Put @ 1.42

SVXY

STO January 2019 80 covered call @24.05 earlier this morning on 1 contract. If I am called it will be over a 20% annualized return.

$SVXY #CoveredCalls – Sold SVXY…

$SVXY #CoveredCalls – Sold SVXY Aug 18 2017 82.5 Calls @ 0.95 with the stock at 79.24.
Adding to my position.

SPX roll sold

#SPXcampaign Sold to Open $SPX Aug 25th 2450/2425 call spreads for 16.25. #ITMroll from the calls stopped this morning.

Also, closed on GTC order: Aug 17th 2375/2350 put spreads for .20. Sold for 1.40 on July 17th.

Also, expired on Friday, Aug 11th 2495/2520 call spreads. Sold for 1.60 on July 13th.

GLD

#PerpetualRollingStrangles – For safety since I’m pretty heavy on the put side…

Bought to Close GLD AUG 18 2017 121.0 Puts @ .25 (sold for 1.15)

NVDA

#ShortStrangles – Sold the puts pretty conservatively the other day waiting for a bounce. Looks like we’re getting it so moving up to just under the 50ma…

Rolled NVDA SEP 15 2017 135.0 Puts to NVDA SEP 15 2017 155.0 Puts @ 3.55 credit.

Position is now 155/175 Strangles @ 7.30

SVXY put closed

#VXXGame BTC $SVXY Sept 15th 50 put for .70. Sold in the 100/180 strangle for 18.95 on March 21st.

SVXY #shortcalls BTC Dec 15…

SVXY #shortcalls
BTC Dec 15 $70 calls for $17.00, sold for $17.20, did better Friday selling half position for $15.75. This partial buy/sell approach reducing potential profit but averages out these ugly bumps.

UVXY #shortputs BTC $30 Aug…

UVXY #shortputs
BTC $30 Aug 25 put for 1.65, sold last Wed for $2.15. Missed low on Friday

NUGT

selling stock as prices fall $31.99 pre-market and $32.11 at open, bought for 31.50 and 36.60 (lesson learned about gold triple ETF.)

TOS update

Crashed all my watchlists. Guess I know how I’m spending my day. They can’t fix it either…

#Tastyworks

$SVXY #CoveredCalls – partially covered…

$SVXY #CoveredCalls – partially covered some of the stock I acquired via put assignment Friday.
Sold SVXY Aug 18 2017 81.0 Calls @ 1.65
Sold SVXY Aug 18 2017 81.5 Calls @ 1.45
Sold SVXY Aug 18 2017 82.0 Calls @ 1.20
Sold SVXY Aug 18 2017 82.5 Calls @ 0.85
Sold SVXY Aug 18 2017 83.0 Calls @ 0.64
Sold SVXY Aug 18 2017 83.5 Calls @ 0.65
Sold SVXY Aug 18 2017 84.0 Calls @ 0.64

SPX calls sold

#SPXcampaign Sold to Open $SPX Sept 14th 2520/2545 call spreads for1.45.

Also closed the Aug 18th 2445/2470 call spreads for 16.65. Sold for 19.90 on Aug 4th. Will be rolling to Aug 25th 2450/2475

$UVXY

STO Aug 18 $50 call @ $0.90

Only sold 1 because I took a chance and placed a market order (which I never do) just before the open but wanted to see what kind of fill I might get. Didn’t want to get stuck with a bunch of them in case I got a real crappy fill.

Econ Calendar for week of 8/14/17

Screen Shot 2017-08-14 at 6.13.54 AM

Good morning

Notable Earnings After the Close…

Notable Earnings After the Close Friday (Previous Week) or Before the Open on Monday:

CSIQ, JD, SYY

Notable Earnings After the Close, Monday or Before the Open on Tuesday:

AAP, BITA, COH, DKS, EXTR, FSM, GALE, HD, HOLI, PLAB, QIWI, TEAR, TJX, WPRT

Notable Earnings After the Close, Tuesday or Before the Open on Wednesday:

A, JKHY, MSGN, PFGC, TGT, URBN, VIAV

Notable Earnings After the Close, Wednesday or Before the Open on Thursday:

BABA, BGG, BKE, CATO, CSCO, HTHT, LANC, LB, MSG, NTAP, SMRT, SNPS, SPTN, SSI, TOUR, VIPS, WMT

Notable Earnings After the Close, Thursday or Before the Open on Friday:

AMAT, ATGE, DE, EL, FL, GLOB, GPS, HIBB, ROST, SPWH, ZOES