Daily Archives: Thursday, August 17, 2017
Was Today The Eclipse? I am in the dark
#spxcampaign
$SPX STO 8/18 2390/2415 BUPS @ 1.95 Thank you @jeffcp66
$SPX STO 9/15 2540/2515 BECS @ 2.40
Closed Early
$SPX BTC 8/18 2490/2465 BECS @ 2.20 STO 8/11 @ 3.35 (Order was placed. I was away) Still 34% profit.
$SPX BTC 8/25 2550/2525 BECS @ 93% profit (GTC order)
$SPX BTC 8/18 2550/2525 BECS @ 93% profit (GTC order)
$SPX BTC 9/1 2545/2520 BECS @ 93% profit (GTC order)
Wish I had closed some of my BUPS also.
Rolled
$AAOI BTC 8/18 STO 8/25 70 put @ additional 1.95 credit
#spxcampaign sto put 9.15.17 2320/2295,…
today…………..
sto put 9.15.17 2320/2295, 1.70
sto put 9.15.17 2350/2325, 1.90
thanks jeff
sto spy 241 put 9.29.17 @ 2.61
btc blk 8.18.17 ,440/450 @ .05 had sold for .80,, on a btc/gtc order
$UVXY #ShortStrangle – as this…
$UVXY #ShortStrangles – as the day went on I sold several small positions
Sold 1 UVXY Sep 8 2017 25/60 Strangle @ 2.04 with the stock at 34.60
Sold 1 UVXY Sep 8 2017 25/65 Strangle @ 2.04 with the stock at 35.15
Sold 1 UVXY Sep 8 2017 25/70 Strangle @ 2.04 with the stock at 35.65
Sold 1 UVXY Sep 8 2017 25/75 Strangle @ 2.04 with the stock at 36.98
The calls were exploding but the put price was pretty static
$UVXY #ShortCalls #TopOfTheChain – with…
$UVXY #ShortCalls #TopOfTheChain – with the stock moving toward 40 I’m starting small
Sold 1 UVXY Dec 15 2017 91.0 Call @ 8.10
Sold 1 UVXY Jan 19 2018 91.0 Call @ 9.20
Sold 1 UVXY Mar 16 2018 91.0 Call @ 12.20
$UVXY #CoveredCalls #Roll – Rolled…
$UVXY #CoveredCalls #Roll – Rolled this week’s 25/100 UVXY 12.0 Calls to next week for a 0.50 Credit.
Made money on the one I closed out.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Jan 19 2018 20.0 Puts @ 0.92
$GDX #ShortPuts – Bough to…
$GDX #ShortPuts – Bought to close GDX Sep 15 2017 18.5 Puts @ 0.01
Originally sold on 03/07/2017 @ 1.09
$BIIB #ShortPuts – Bought to…
$BIIB #ShortPuts – Bought to close BIIB Sep 15 2017 200.0 Puts @ 0.05. They won’t trade any lower and still have a month to run.
Originally sold on 05/08/2017 @ 1.30
SPX puts stopped
#SPXcampaign Bought to close $SPX Sep 1st 2375/2350 put spreads for 2.90. Sold for 1.30 on July 31st. This hit my 3.00 stop before the close, so I closed it on the bounce after the close. I will roll tomorrow.
Ugly close so I wanted at least one put spread out of the way if we gap down in the morning.
Also after the bell, closed on GTC order: Aug 23rd 2480/2505 call spreads for .20. Sold as part of a #CondorRoll for 7.15 last Thursday.
$UVXY #ShortCalls #TopOfTheChain – with…
$UVXY #ShortCalls #TopOfTheChain – with the stock moving toward 40
Sold UVXY Aug 25 2017 91.0 Calls @ 0.28
Sold UVXY Sep 1 2017 91.0 Calls @ 0.56
Sold 1 UVXY Sep 8 2017 91.0 Call @ 1.02
Sold 1 UVXY Sep 15 2017 91.0 Call @ 2.35
Sold 1 UVXY Sep 29 2017 91.0 Call @ 3.06
$UVXY #ShortCalls #Speculation – with…
$UVXY #ShortCalls #Speculation – with the stock at 40.61. These expire tomorrow.
Sold UVXY Aug 18 2017 51.0 Calls @ 0.36
Sold UVXY Aug 18 2017 51.5 Calls @ 0.37
$SVXY #ShortCalls – Bought to…
$SVXY #ShortCalls – Bought to close SVXY Aug 18 2017 81.0 Calls @ 0.01.
Sold for an average of 1.40.
I can now start selling for next week.
SVXY
#IRA – Moving out to March…
Sold SVXY MAR 16 2018 35.0 Put @ 3.25
UVXY
#IRA – First ones in this expiration…
Sold UVXY SEP 29 2017 50.0/61.0 Bear Call Spreads @ 1.42
SVXY calls closed
#VXXGame Closed $SVXY Sept 15th 90 call for .40. This is the last call I had from the 100/180 strangles I sold for 18.95 back in March. I have one SVXY put remaining. That was sold as a roll, and I got out of most of it at decent prices. But I also rolled some into Sep 15th 77.5 puts, now underwater. #Rolling never ends!
Earnings Update
#Earnings #LongStock Sold to close some of my $HCA stock for 78.50 and 78.26. I had these on Trail stop orders… I was assigned with cost basis of 82.30. I will ride on with the balance of shares… prefer this smaller position if I have to hold through a correction.
Bought to close $WMT 81.5 calls for .05. Sold the 78.5/81.5/84 #BrokenWingButterfly for 2.00 yesterday. Despite plunging market, WMT has been climbing today. Recovery any higher will turn me a profit.
$PLCE — will be assigned stock via 110 puts expiring tomorrow. I’m okay with that, as I feel it will recover. Stock held steady today, indicating 100 may be a support level.
More SPX
#SPXcampaign #Rolling Sold to Open $SPX Aug 30th 2425/2400 put spreads for 6.00. This is a delayed roll from the Aug 2435/2410 put spreads stopped a few days ago. I’ll watch this one closely, or may ride it ITM.
Earlier, closed on GTC order: Sep 8th 2525/2550 call spreads for .20. Sold for 1.55 on Aug 7th.
UVXY
#IRA – Adding to an existing position at higher premium…
Sold UVXY MAR 16 2018 40.0/50.0 Bear Call Spread @ 1.70
SPX next-day
#SPXcampaign Looking to sell a put spread expiring tomorrow. Currently eyeing the 2420/2395. However, there’s still 47 minutes left in the day and no bounce seems to be coming. So I’ve also got the 2415/2390 up and watching for best entry before the close.
New multi-week low just hit.
UVXY
STO September 15, 91 call @ 1.99
VXX synthetic
Filled on one contract so we can see which one works better.
SVXY STO Jan 19 60/70 put credit spread at 5.20.
BTO the Leaps CC 70 2019 and sold the next week 75 at 21.26 debit.
Race is on between this and UVXY, update weekly and see which one is better!
Good luck!
VXXGame
#VXXGame #ShortCalls
Sold to Open $UVXY Sep 15th 91 call for 1.85, and Dec 91 call for 8.00
DUST NUGT 2019
DUST has options out to 2019 but NUGT only to next March. What’s up with that?
SVXY
STO March 2018, 40 puts @4.10
STO January 2019, 40 puts @7.95
#ironcondor BABA While trying to…
#ironcondor BABA
While trying to wrap my head around the UVXY synthetic LEAP trades…
sold Sept 15 145/155/180/190 for 2.00 modified from my fav TT trader Fauzia
VXXGame synthetic
#VXXGame #LongPutDiagonals #SyntheticShortStock
Bought one of @fuzzballl‘s $UVXY trades for 17.20
Bought Jan 2019 30 put for 19.16
Sold Jan 2019 30 call for 23.91
Bought Jan 2019 40 call for 21.95
I did a study a few years back on buying UVXY LEAP puts to profit on the eventual drop. It’s hard to make much because downside can’t go past zero. So assuming a few reverse splits, the max the long puts can earn is 29.99 (with UVXY trading for .01 in today’s prices). Fuzzy’s trade knocks a couple bucks off entry price than buying the put outright.
SPX trades
#SPXcampaign Sold to Open $SPX Sept 14th 2320/2295 put spreads for 1.60
Closed on GTC order: Sep 1st 2520/2545 call spreads for .20. Sold for 1.55 on Aug 4th.
UVXY
#IRA – Adding a new position. Staying small since the only way to roll these for a credit if they end ITM is to widen or add contracts.
Sold UVXY DEC 15 2017 50.0/60.0 Bear Call Spreads @ 1.18
#Market Looks like only support…
#Market
Looks like only support level today will be time based, the closing bell in 3 hours.
SVXY
#ShortPuts #IRA – Adding a couple…
Sold SVXY DEC 15 2017 50.0 Put @ 4.40 (top of my ladder)
Sold SVXY JAN 19 2018 35.0 Put @ 2.45
$AAOI rollout
Looks like this will finish in the money tomorrow so I’m rolling the 8/18 70 puts out to 9/29 and down 5 points to 65 puts for 1.37 credit. Stock currently at 65.55.
UVXY
#LongPutDiagonals #SyntheticShortStock -Adding here. Could’ve moved up to 35’s but to keep things simple I’m staying with the same strikes for now. Waiting to sell any additional puts.
Synthetic short stock with disaster long calls (17.25 debit)
Sold UVXY JAN 18 2019 30.0 Calls
Bought UVXY JAN 18 2019 30.0 Puts
Long call for possible disasters capping potential losses:
Bought UVXY JAN 18 2019 40.0 Calls
Synthetic SVXY
Having trouble getting my TOS to copy or share at the moment but if you did a synthetic long with LEAPs CC on SVXY you could currently buy the 75 call and sell the 75 put Jan 19 Leaps for 2.55-2.6 debit. Each contract would require margin of $7500. You can then sell next weeks 78.75 call for 2.01. Then each week roll the call. In 2 weeks your cost basis is zero so any additional sales would be profit as long as svxy stays about where it is now. Any upside you make $ on both the call and the put.
In case of a big drop you probably would not get assigned until the majority of the time value is out of the short put or is way ITM.
If I can get my graph to share will post it. I am not doing this now, just an idea but will probably put on a few positions in 2 weeks when some other options expire.
Thurs trades
STO SVXY 8/25 70 puts at 1.02-1.32. Managed to catch the spike.
Rolled WDC 8/18 85 CC to 9/1 for 1.44 credit. Brings cost basis to below 86, one more roll and will be profitable.
Rolled 8/18 WDC 84 CC to next week for 0.85 credit. Cost basis now 86.15, one more roll to profit.
That’s it for another week. Have bunch expiring in 1-2 weeks then will have some $ to start the SVXY/UVXY/XIV/VXX experiment with @fuzzballl with the synthetics and LEAPs trades.
UVXY
#ShortCalls #VXXGame – Sticking to strict position size limits on my naked sales of these things. Booking pretty decent quick profits from the other day and re-selling higher strikes for safety.
Bought to Close UVXY SEP 15 2017 82.0 Call @ 1.07 (sold for 3.40)
Bought to Close UVXY DEC 15 2017 82.0 Call @ 6.15 (sold for 9.60)
Sold UVXY DEC 15 2017 91.0 Call @ 6.00
Sold UVXY JAN 19 2018 91.0 Call @ 7.20
$UVXY
STO Aug 25 $44 calls @ $ 1.00
SPX calls sold
#SPXcampaign This is a roll from spread closed this morning:
Sold $SPX Sept 15h 2500/2525 call spreads for 3.45.
#shortputs HTZ Sold Sept. 15…
#shortputs HTZ
Sold Sept. 15 17.50 put for .85, stock is at 19
$UVXY #ShortCalls – with the…
$UVXY #ShortCalls – with the stock at 35.41
These expire tomorrow with the strikes above last week’s peak on the stock.
Sold UVXY Aug 18 2017 47.0 Calls @ 0.26
Sold UVXY Aug 18 2017 47.5 Calls @ 0.27
UVXY #ShortCalls #TopOfTheChain – Sold…
$UVXY #ShortCalls #TopOfTheChain – Sold my first 91 Calls this morning with the stock at 35.15
Sold UVXY Sep 8 2017 91.0 Calls @ 0.72
Sold 1 UVXY Sep 15 2017 91.0 Call @ 1.11
Sold 1 UVXY Sep 29 2017 91.0 Call @ 2.21
SVXY
STO September 29, 45 puts @1.05
NUGT #shortcallspreads Add to position…
NUGT #shortcallspreads
Add to position selling Sep 15 35/40 call for 1.15, same rational going back 2 months since NUGT at 35. As gold goes so goes the miners. Let’s hope an incident doesn’t occur in next month which would likely spike gold, even momentarily.
SPX calls closed
#SPXcampaign Bought to close $SPX Aug 17th (monthly) 2465 calls for 3.30. Sold as 2465/2490 call spread for 3.85 last Friday.
I was tracking this one for optimal exit. On the spike down I went to adjust my ask lower, but it filled at 3.30 before I could. Happy to be out with small profit since this was trading above 12.00 yesterday.
UVXY
STO March 2018, 91 call @ 7.40 on 1 contract.
NUGT #shortcallspreads Sell BeCS Sep…
NUGT #shortcallspreads
Sell BeCS Sep 15 36/41 for 0.95, price is nearing upper Bollinger Band – 32.90 now and if upper band is resistance tops out at 34.20 well below short call.
UVXY
STO January 91 call @ 5.85 on 1 contract
$UVXY
I’ve been short a $27/$32 call spread expiring tomorrow. Ended up getting assigned on the short calls last night. At the spike higher at the open, closed out my $32 calls for a nice price. Now just watching the chart to pick a good time to exit the short stock. Market is strengthening and $UVXY starting up drop. Would really like to see it get below $31 this morning.
Options Bistro 