$DVN #ShortPuts #FallingKnife – Sold 1 DVN JAN 19 2018 26.0 Put @ 1.12 with the stock at 30.20.
The 1-year low is 28.79
Daily Archives: Tuesday, August 22, 2017
$GWW #CoveredCalls – Sold GWW…
$GWW #CoveredCalls – Sold GWW SEP 15 2017 175.0 Calls @ 0.45 with the stock at 163.94
$SVXY #CoveredCalls – after hours…
$SVXY #CoveredCalls – after hours fills as the stock rises above the 79.18 HOD.
I’m done selling covered Calls for now.
— for this week —
Sold SVXY Aug 25 2017 81.5 Calls @ 0.38
Sold SVXY Aug 25 2017 82.0 Calls @ 0.52
— for next week —
Sold 1 SVXY Sep 1 2017 83.0 Call @ 1.17
Sold 1 SVXY Sep 1 2017 83.5 Call @ 1.02
Sold SVXY Sep 1 2017 84.0 Calls @ 0.80
Sold SVXY Sep 1 2017 84.5 Calls @ 0.70
#spxcampaign did not want to…
did not want to roll this either had 10 days to go..
rolled call 2450/2475 from sept 1 to sept 29 2.95 credit total collected so far 6.55.
$SVXY #ShortPuts #IRA – I’m…
$SVXY #ShortPuts #IRA – I’m rolling more puts with big gains in them.
Bought to close SVXY Aug 25 2017 80.0 Puts/Sold SVXY Sep 8 2017 75.0 Puts @ 0.50 Credit
Originally sold at 11.42 on a rollout on Aug 11.
$SVXY #ShortPuts #IRA – echoing…
$SVXY #ShortPuts #IRA – echoing Jeff’s concerns about this being a head fake rally I’m rolling more of my ITM and near ITM puts with big gains in them.
Bought to close SVXY Aug 25 2017 79.0 Puts/Sold SVXY Sep 15 2017 69.0 Puts @ 0.20 Credit – a 10 point improvement.
Originally sold at 10.32 on another rolldown
UVXY 😎 😎 😎
SPX closures
#SPXcampaign Closed on GTC orders:
$SPX Aug 25th 2380/2355 put spreads for .20. Sold for 1.40 on July 27th.
$SPX Aug 28th 2385/2360 put spreads for .20. Sold yesterday as part of a #CondorRoll for 4.40 (the call side has gone above 7.50, however).
SPX roll
#SPXcampaign Is this a head-fake rally? Quite possibly. But that has not been the case in the last several volatility spikes. When the market starts going up strongly, it keeps going. So I’m forced to roll this second #ITMroll.
Closed $SPX Aug 25th 2450/2475 call spreads for 8.25. Sold for 16.25 on Aug 14th.
Rolled to Sep 1st 2460/2485 call spreads for 7.85.
Rolled up 10 points for only a minor debit. Will be looking for the direction tomorrow.
Volatility release
#VXXGame Closing some profitable short vol positions:
BTC $SVXY Sep 15th put for .41. Sold for 1.90 on Aug 10th
BTC $UVXY Sep 15th 68 call for .45. Sold for 4.70 on Aug 10th.
BTC $UVXY Sep 15th 91 call for .18. Sold for 1.85 on Aug 17th.
BTC $UVXY Sep 1st 68 call for .15. Sold for 1.50 on Aug 17th.
$M #CoveredCalls – Sold M…
$M #CoveredCalls – Sold M AUG 25 2017 21.0 Calls @ 0.11. Not much premium but these expire in 3 days and I can do it again.
Or … I’ll accept assignment
UVXY
#LongPutDiagonals – Impressive volatility collapse. Making an adjustment here.
Rolled UVXY SEP 1 2017 31.0 Puts to SEP 22 2017 29.0 Puts @ .96 credit
NVDA
#ShortStrangles – Current position nicely profitable so adding one a couple weeks further out.
Sold NVDA SEP 29 2017 150.0/180.0 Strangle @ 4.65
$SVXY #ShortPuts #Rolldown – after…
$SVXY #ShortPuts #Rolldown – after a double dip below 70 last week I’m rolling down my highest strike puts for this week.
Bought to close SVXY Aug 25 2017 79.0 Puts/Sold SVXY Sep 15 2017 74.0 Puts @ 1.10 Credit.
With the extra income from the roll I’ve lowered my breakeven 6 points.
These 79’s were rolled down from Aug 11 81’s on 8/11 for a credit and were sold at 7.37.
So far, rolling SVXY puts is working because of the big forward premium.
Taking off some UVXY
Following Iceman’s lead and thinning out short calls at some of the lowest strikes I have in some of these expiration cycles. All nicely profitable.
Bought to close:
$UVXY Sep 22 64 calls @ 1.10. Sold for 4.95 and 6.00 on 8/10.
$UVXY Sep 22 55 calls @ 1.38. Sold for 3.13 on 8/9.
$UVXY Sep 15 68 calls @ .46. Sold for 2.85 and 4.10 on 8/10.
$UVXY Sep 15 65 calls @ .54. Sold for 2.27 on 8/9.
#earningstrade LOW Sept. 15 IC…
#earningstrade LOW
Sept. 15 IC 65/70/75/80 for 1.04
$SVXY #CoveredCalls – Adding to…
$SVXY #CoveredCalls – Adding to my trades from this morning with the stock nearing 79
Sold SVXY Sep 1 2017 83.5 Calls @ 0.90
Sold SVXY Sep 1 2017 84.0 Calls @ 0.70
Sold SVXY Sep 1 2017 84.5 Calls @ 0.60
$UVXY #ShortCalls #ClassicVXXGame – on…
$UVXY #ShortCalls #ClassicVXXGame – on 08/09/2017 I sold the first of several UVXY Mar 16 2018 60.0 Calls @ 10.10.
I’ve covered the first of those at 8.50, since I was also able to sell Mar 82 Calls and Mar 91 Calls for more than 8.50.
I’ll try to cover another one a point lower.
$SVXY #CoveredCalls – Adding to…
$SVXY #CoveredCalls – Adding to my trades from this morning with the stock nearing 78
Sold SVXY Sep 1 2017 83.5 Calls @ 0.70
Sold SVXY Sep 1 2017 84.0 Calls @ 0.60
$SVXY #CoveredCalls – Adding to…
$SVXY #CoveredCalls – Adding to my trades from this morning with the stock peeking above 77
Sold SVXY Aug 25 2017 81.0 Calls @ 0.37
Sold SVXY Aug 25 2017 82 Calls @ 0.21
Sold SVXY Sep 1 2017 83.0 Calls @ 0.80
UVXY #shortcalls #longput Took a…
UVXY #shortcalls #longput
Took a flyer selling $32 call and buying $32 put for 0.60 credit, expires Friday so if no downward movement let’s just stay about $32.
edit credit value.
CRM earnings
#Earnings Sold to open $CRM Aug 25th 90/85 put spreads for 1.00. Bullish trade due to historical perfomance and current trend.
Biggest UP move: 11.7%, Biggest DOWN move: -4.5%, Average move: 5.0%. This trade is -2.4% OTM.
#spxcampaign sto call, sept 22,…
sto call, sept 22, 2505/2530 @ 1.90
UVXY
I did the same with my December 65 short calls. BTC At 5.95 where I sold them and sold the December 91 calls @4.40,picking up a better strike price.
Gartman
Gartman says he is uneasy being short.
UVXY
BTC January 2018, 65 call @ 6.95 for the same price I sold them at and, STO January 91 calls @5.35 picking up 26 points in the strike price.
$SVXY #CoveredCalls – sold some…
$SVXY #CoveredCalls – sold some to replace the ones that expired last week.
Sold SVXY Aug 25 2017 81.0 Calls @ 0.26
Sold SVXY Aug 25 2017 81.5 Calls @ 0.26
Sold SVXY Sep 1 2017 83.0 Calls @ 0.70
Sold SVXY Sep 1 2017 83.5 Calls @ 0.60
Good morning
After I win the powerball I will take a vacation from trading unless I get bored.
Options Bistro 