#SPXcampaign — it’s been awhile since I was able to catch up, but the chart is now up to date. Ask questions anytime.
Daily Archives: Friday, August 18, 2017
Options Expiration
DKL probably get assigned on this one, didn’t follow the rules, STO DKL Aug 18 40 put @ 5.50 (ITM) Jul 31, share price at 35.54, knowing that earnings was coming on Aug 2, did I think it would hold…duh…it closed today at 30.00. I did want the stock for its .705 qtr div, however I should have looked more closely at volume/OI and ability to roll, I do have it at 34.50 cost basis but recovery on div alone will take 49.28571 quarters…not going there in years…just considering this a “legacy trade” for the grandkids.
TRTN might be assigned at cost basis of 33.18 closed at 33.65? Another one of my div keepers at .45 qtr.
Enjoy your weekend…
Jeff, thanks for the cool screensaver…
Options Expiration
SVXY $37.5 puts
UVXY $46.5 call
UVXY $50 call
UVXY $65 calls
UVXY $82 calls
Closed out UVXY $35/$39 call spreads for a loss. Decided to wait until Monday to see what happens with the market before adding any more new positions.
Interesting week.
Have a great weekend
Options Expiration 8/18/17
#OptionsExpiration #ContangoETFs #VXXGame #Earnings
— Expired w/Max Profit —
DRIP 35 call
UVXY 68 call
— #Assignment —
PLCE 110 puts, taking stock with 108.00 cost basis.
I will check in Monday from our Eclipse campsite in Dallas, Oregon!
APRN
#Earnings – Lottery ticket going away today. Taking the .25 loss and moving on. No desire to take the stock of a company that might not be around on Monday!
$SVXY #ShortPuts #Rolldown – with…
$SVXY #ShortPuts #Rolldown – with only 5 minutes of trading left it’s time to move more positions.
Bought to close SVXY Aug 18 2017 71.5 Puts/Sold SVXY Aug 25 2017 62.0 Puts @ 0.19 Credit
Bought to close SVXY Aug 18 2017 71.0 Puts/Sold SVXY Aug 25 2017 61.0 Puts @ 0.55 Credit
WMT earnings closed
#Earnings BTC $WMT Aug 18th 81.5 puts for 2.09. Sold in the #BrokenWingButterfly for 2.00 on Wednesday. Small loss; could have been a medium winner had I closed on this morning’s peak, but didn’t anticipate such a pullback.
IRA and trading account, Have a nice weekend
I will have the following expirations in my IRA today:
SVXY: 42.5 puts,45 puts, and 47.5 puts
I will be assigned on INGN 95 puts but the cost basis will be 90.32 and will write covered calls next week.
I have the following SVXY expirations today:
37.5 puts,40 puts,42.5 puts,45 puts,47.5 puts,55 puts,56 puts,57 puts,58 puts, and 59 puts.
$SVXY #ShortPuts #Rolldown – with…
$SVXY #ShortPuts #Rolldown – with only 30 minutes of trading left it’s time to move some positions.
Bought to close SVXY Aug 18 2017 72.0 Puts/Sold SVXY Aug 25 2017 65.0 Puts @ 0.06 Credit
Bought to close SVXY Aug 18 2017 73.0 Puts/Sold SVXY Aug 25 2017 68.0 Puts @ 0.19 Credit
Bought to close SVXY Aug 18 2017 74.0 Puts/Sold SVXY Aug 25 2017 71.0 Puts @ 0.15 Credit.
Only needed to move out 1 week because these were not in the money very much.
I didn’t take the stock because I have plenty already.
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY SEP 1 2017 91.0 Calls @ 0.91 with the stock at 40.20.
SVXY
STC Aug18 $81P rolled out to Sep29 $55 and Dec15 $60P for slight credit. Monday we should have more clarity of direction of markets, and hence volatility.
$UVXY Short Calls
#vxxgame
$UVXY STO 9/15 91 call at 2.05
$UVXY STO 9/08 91 call at 1.20 Thank you UVXY genie @optioniceman
SVXY
STO December 30 puts @1.55
$SVXY #ShortPuts #Rolldown – it’s…
$SVXY #ShortPuts #Rolldown – it’s too bad SVXY imploded yesterday or this one would have expired.
Bought to close SVXY Aug 18 2017 79.0 Puts/Sold SVXY Sep 15 2017 75.0 Puts @ 0.05 Credit.
Lowering the strike price 4 points and giving this one plenty of time to work.
$UVXY
Additional trades this morning.
BTC Aug 25 $37/$38 calls spreads for flat just in case we get another move lower.
STO Sep 15 $91 calls @ $2.00
STO Sep 1 $91 calls @ $0.70
STO Sep 1 $70 Call @ $1.35
STO Aug 25 $58 Call @ $1.10
$UVXY #ShortCalls #Speculation – I’ve…
$UVXY #ShortCalls #Speculation – I’ve got this week’s 46.0 through 51.5 Calls expiring in two hours (I hope).
Replacing Them with Calls for Next week 20+ points higher.
Sold UVXY Aug 25 2017 75.0 Calls @ 0.51.
Sold UVXY Aug 25 2017 76.0 Calls @ 0.53.
Sold UVXY Aug 25 2017 77.0 Calls @ 0.55.
SPX calls sold
#SPXcampaign Sold to Open $SPX Aug 30th 2465/2490 call spreads for 3.25, as a #ReverseRoll from puts stopped earlier today.
SVXY
STO December 25 puts @.97
TOS question
When looking at the options chain and selecting Vertical or Iron Condor, etc, how do I change the width of the spread or wings? Thanks.
UVXY #ShortStrangle – Sold 1…
UVXY #ShortStrangles – Sold 1 UVXY Sep 8 2017 25/85 Strangle @ 2.04 with the stock at 40.97.
The put side of the strangle traded higher than yesterday even though the stock is several points higher.
$HES #ShortPuts – Bought to…
$HES #ShortPuts – Bought to close HES Aug 18 2017 40.0 Puts @ 0.95 to avoid assignment tonight.
The Puts are still in the money by a point.
Originally sold on 03/08/2017 @ 1.30.
Another case of wrong on the stock but right on the option.
Closed Early Yesterday’s $SPX Trade
#spxcampaign
$SPX BTC 8/18 2390/2415 BUPS @ .30 STO yesterday for 1.95 Thank you @jeffcp66
Earnings Trade ULTA
#earnings
$ULTA STO 8/25 230/235 BUPS @ 1.55 Waiting on BUCS fill as well Earnings 8/24 After Close
SPX Campaign
#spxcampaign
$SPX STO 9/1 250/2475 BECS @ 2.10 Thanks for the inspiration @jeffcp66
Closed Early $FB $CAT $SPX and Covered Call $MOMO
#closed
$FB BTC 8/18 160/170 BUPS @ 1.50 STO @ 1.40 To Avoid Assignment
$CAT STC 8/18 $CAT BUCS @ 9.20 BTO @ 3.87 To Avoid Assignment
$SPX BTC 8/25 2500/2475 BECS @ .40 STO 8/14 @ 7.60 Thank you @jeffcp66
#shortcalls
$MOMO STO 8/25 50 calls @ .50 Covered
Binary
Don’t know about the rest of you but it seems like everyone is treating the market like a binary option, either all in or all out and the switch changes daily!
Selling options should work well.
SPX puts stopped
Bought to close $SPX Sep 14th 2350/2325 put spreads for 2.75. Sold for 1.50 on Monday. Will roll later, likely #ReverseRoll into calls.
$DUST #ShortPuts – Bought to…
$DUST #ShortPuts – Bought to close DUST AUG 18 2017 25.5 Puts @ 0.05 to avoid possible assignment.
They won’t trade any lower and were ITM just a few hours ago.
UVXY
#LongPutDiagonals – Keeping the theta rolling in…
Bought to Close UVXY AUG 25 2017 29.0 Puts @ .25 (sold for 1.25)
Sold UVXY SEP 1 2017 31.0 Puts @ 1.30
UVXY puts
#VXXGame Sold $UVXY Sep 8th 28 puts for 1.10. Very possibly will be breached, but easy to roll.
Plus, cleared a few positions with profits to keep my short volatility volume controllable should things get uglier:
Closed $SVXY Sep 15th 50 put for 1.50. Sold as part of the 100/180 strangles for 18.95 in March.
Closed $SVXY Sep 15th 52 put for 1.65. Sold for 1.90 on 8/10
SPX puts stopped and call-roll sold
#SPXcampaign STOPPED, closed $SPX Aug 23rd 2410/2385 put spreads for 4.35. Sold as part of a #CondorRoll for 7.15 on Aug 10th. Will roll later.
#ReverseRoll Sold Sep 1st 2465/2490 call spreads for 3.30. This is a roll from put spread stopped yesterday after the closing bell.
$VIX $SVXY $UVXY – areas…
$VIX $SVXY $UVXY – areas to watch for a reversal to hold
$VIX – needs to get below 14.70
$UVXY – needs to get below 36.30
SSVXY needs to get above 73
SPX next-day closed
#SPXcampaign Closed $SPX Aug 11th 2420/2395 put spreads for 3.40. Sold yesterday for 2.20. A morning low less than 3 points OTM too close for comfort. Managing three stops, so I got out earlier than I wanted on this current bounce.
UVXY
STO September 8, 91 call @ 1.32
STO September 22, 91 call @2.80
STO September 29, 91 call @3.55 on 1 contract of each.
Hat tip to Iceman for the idea
UVXY #ShortStrangle – Sold 1…
UVXY #ShortStrangles – Sold 1 UVXY Sep 8 2017 25/80 Strangle @ 2.04 with the stock at 38.91.
The put side of the strangle traded higher than yesterday even though the stock is several points higher.
Crazy market 🙂
TICKS holding lower trend channel UP so far
This is something I look at when $SPX is wavering… until TICK trend channel is broken, SPX will likely trickle up.
Now that I finish typing this, to looks like TICK channel is breaking.
SVXY #shortcalls Decision time approaching…
SVXY #shortcalls
Decision time approaching today – take assignment at 81 or realize loss of $11+. I think it will reverse slowly, once it settles at a bottom. The bubble has burst and a snap-back recovery, without tax reform, seems unlikely. Too many variables – I hope I’m not missing any?
$UVXY #ShortCall – Sold 1…
$UVXY #ShortCalls – Sold 1 UVXY SEP 8 2017 91.0 Call @ 1.32,
Highest strike
Options Bistro 