$UVXY #ShortCalls – Bought to close UVXY1(25 shares) SEP 15 2017 60.0 Calls @ 0.01.
Originally sold @ 6.75, and months later at 2.81
Daily Archives: Friday, August 25, 2017
$SVXY #CoveredCalls – Sold these…
$SVXY #CoveredCalls – Sold these after the market closed with the stock right around 78.
Sold SVXY SEP 1 2017 81.75 Calls @ 0.68
Sold SVXY SEP 1 2017 82.25 Calls @ 0.54
Sold SVXY SEP 1 2017 82.5 Calls @ 0.45.
These replace some similar calls from this week
$SVXY #ShortPuts #IRA #RollDown -split…
$SVXY #ShortPuts #IRA #RollDown -split my remaining ITM short puts into two pieces to spread the risk on the opening this morning.
Bought to close SVXY AUG 25 2017 79.0 Puts @ 2.03 – took a nice gain on these
Sold SVXY Sep 1 2017 76.0 Puts @ 2.13
Sold SVXY Sep 8 2017 73.0 Puts @ 2.13
$FSLR #ShortPuts – Bought to…
$FSLR #ShortPuts – Bought to close FSLR SEP 15 2017 22.5 Puts @ 0.01. They won’t trade any lower
#OptionsExpiration #Weeklys #Aug25 – A…
#OptionsExpiration #Weeklys #Aug25 – A few positions other than volatility trades this week –
$ANF $AZO $CMG $HP $M $TRIP with a couple of profitable assignments.
Of course volatility trades dominated the action as almost all Puts and Calls expired worthless in $SVXY and all the calls in $UVXY expired.
— Expired —
AZO (Weekly) Aug 25 2017 610 Calls
DUST (Weekly) Aug 25 2017 25 Puts
CMG (Weekly) Aug 25 2017 290 Puts
CMG (Weekly) Aug 25 2017 292.5 Puts
CMG (Weekly) Aug 25 2017 295 Puts
HES (Weekly) Aug 25 2017 36.5 Puts
NUGT (Weekly) Aug 25 2017 36 Calls (Covered)
SVXY (Weekly) Aug 25 2017 45 Puts
SVXY (Weekly) Aug 25 2017 47.5 Puts
SVXY (Weekly) Aug 25 2017 50 Puts
SVXY (Weekly) Aug 25 2017 55 Puts
SVXY (Weekly) Aug 25 2017 61 Puts
SVXY (Weekly) Aug 25 2017 62 Puts
SVXY (Weekly) Aug 25 2017 65 Puts
SVXY (Weekly) Aug 25 2017 67.5 Puts
SVXY (Weekly) Aug 25 2017 68 Puts
SVXY (Weekly) Aug 25 2017 71 Puts
SVXY (Weekly) Aug 25 2017 81 Calls (Covered)
SVXY (Weekly) Aug 25 2017 81.5 Calls (Covered)
SVXY (Weekly) Aug 25 2017 82 Calls (Covered)
SVXY (Weekly) Aug 25 2017 82.5 Calls
SVXY (Weekly) Aug 25 2017 85 Calls
SVXY (Weekly) Aug 25 2017 85.5 Calls
SVXY (Weekly) Aug 25 2017 86 Calls
SVXY (Weekly) Aug 25 2017 87 Calls
SVXY (Weekly) Aug 25 2017 88 Calls
UAA (Weekly) Aug 25 2017 24 Calls (Covered)
UAA (Weekly) Aug 25 2017 25 Calls (Covered)
UVXY (Weekly) Aug 25 2017 46 Calls
UVXY (Weekly) Aug 25 2017 46.5 Calls
UVXY (Weekly) Aug 25 2017 47 Calls
UVXY (Weekly) Aug 25 2017 60 Calls
UVXY (Weekly) Aug 25 2017 68 Calls
UVXY (Weekly) Aug 25 2017 69 Calls
UVXY (Weekly) Aug 25 2017 70 Calls
UVXY (Weekly) Aug 25 2017 71 Calls
UVXY (Weekly) Aug 25 2017 72 Calls
UVXY (Weekly) Aug 25 2017 73 Calls
UVXY (Weekly) Aug 25 2017 74 Calls
UVXY (Weekly) Aug 25 2017 75 Calls
UVXY (Weekly) Aug 25 2017 76 Calls
UVXY (Weekly) Aug 25 2017 77 Calls
UVXY (Weekly) Aug 25 2017 91 Calls
UVXY 25/100 (Weekly) Aug 25 2017 12 Calls (Covered)
UVXY 25/100 (Weekly) Aug 25 2017 20 Calls
— Assignments —
ANF (Weekly) Aug 25 2017 11 Calls (Covered) – got this stock last week on assignment
DUST (Weekly) Aug 25 2017 33 Puts – going long with a cost basis below 29
M (Weekly) Aug 25 2017 21 Calls (Covered) – got this stock last week on assignment
TRIP (Weekly) Aug 25 2017 40 Calls (Covered) – finally out of part of a long
OptionsExpiration
SVXY $65 puts
UVXY $44 calls
UVXY $55 call
UVXY $58 call
UVXY $60 call
UVXY $82 call
JPM $91/$89 put spreads
#OptionExpiration for 8/25 $SVXY 75…
#OptionsExpiration for 8/25
$SVXY 75 Puts
#OptionsExpiration for 8/25 $SVXY Aug…
#OptionsExpiration for 8/25
$SVXY Aug 25 60 puts
$SVXY Aug 25 67.60 puts
$UVXY Aug 25 60 calls
$CMG Aug 25 295 puts
$CMG Aug 25 292.50 puts
Thanks to Iceman for the CMG ideas–some great 2-3 day decay trades.
No assignments this week.
Have a great weekend everyone.
Options Expiration 8/25/17
— Expiring w/Max profit —
ADSK 103 puts. Sold yesterday for 1.07
AVGO 245/240 put spreads. Sold yesterday for 1.20
See y’all Monday!
Expirations
SVXY, 50 puts,52.5 puts,55 puts,60 puts,62.5 puts, 65 puts
That is all for today. With everything that I covered, I am now in 44% cash. Everyone have a nice weekend
SVXY close
Bought to close $SVXY 8/25 78 puts @ .20. Sold for 7.67 as a rollout on 8/11. A hairy ride, but profit achieved on the rollout from 8/18 80 puts.
SPX extra spread
#SPXcampaign Sold to Open $SPX Sept 6th 2375/2400/2460/2485 #IronCondor for 6.65.
VXX rollers
#VXXgame
#LongPutDiagonals #CoveredPuts #Rolling
BTC $UVXY Sept 1st 30 puts for 1.44. Sold for 1.10 on Aug 18th.
Sold to Open Sept 8th 29 puts for 1.77.
#StrangleRoll
BTC $SVXY Sep 15th 77.5 put for 4.20. Sold for 3.70 on July 27th.
STO $SVXY Oct 20th 55/90 strangle for 4.64 (legged in)
#ironcondor AMZN Sold Oct. 20…
#ironcondor AMZN
Sold Oct. 20 895/900/995/1000 for 2.39 TT follow
$UVXY
BTC $UVXY Sep 1 $60 call @ $.05, sold for $1.68
SPX puts sold
#SPXcampaign Sold to Open $SPX Sep 22nd 2345/2320 put spreads for 1.40. I was waiting for a flush but got impatient. Of course, my trade signaled that the flush could begin.
Also, closed on GTC order: Sep 14th 2520/2545 call spreads for .20. Sold for 1.45 on Aug 14th.
SVXY
A few more positions being closed early
BTC Sep 15 $35 puts @ $.05, sold for $.70
BTC Sep 15 $30 puts @ $.05, sold for $.50
BTC Sep 15 $27.5 puts @ $.04, sold for $.80
$UVXY
Cleaning out some positions early at minimum prices.
BTC Sep 1 $91 calls @ $.02, sold for $.70
BTC Sep 1 $70 calls @ $.04, sold for $1.35
BTC Sep 8 $91 calls @ $.o2, sold for $.75
$SVXY Missed the morning pop…
$SVXY Missed the morning pop as I was out. Bought to close Aug 25th 80 Puts @ 3.00 with SVXY at 77.04. This was from a roll before I left on vacation setting a breakeven at 3.10+/-. Also Rolled Aug 25th 80 Put out and down to Sept 01st 77 strike for a 1.47 credit.
Thoughts on SVXY
From August 7 to August 18, we dropped almost 28% from the high. Another drop like that will take us down to the 55 level. All we need is a 3% to 5% correction in the market which we have not had for quite a while. I am not predicting that event but September and October can be bad months for the market. That is why I am covering many of my put options and raising cash. If we get a pull back I want to take advantage of it.
I have had a nice year so far and don’t want to give it back if we get a violent correction. After the expiration today I will be 42% in cash and after the September 15 expiration I will be 54% in cash. I will still have put exposure in December and January from 22.5 to 50 on the SVXY but I think I can live with those positions if assigned. In the mean time I will continue to take risk off the table. Sorry if this is wrong or boring.
Long Call Diagonals
I have added this to the “Hashtag Strategies” selection in the Menu at the top of the Bistro site.
AMZN
#LongCallDiagonals #IRA – Setting up another week…
Bought to Close AMZN AUG 25 2017 957.5 Call @ .16 (sold for 13.50)
Sold AMZN SEP 1 2017 955.0 Call @ 7.36
test
ULTA earnings closed
#Earnings Closed $ULTA Aug 25th 217.5/212.5 put spreads for 4.40. Sold in the #IronCondor yesterday for 2.20. Reduced loss by .60 per lot by closing early and avoiding exercise.
SVXY synthetic week 1 results….
SVXY synthetic week 1 results. I suspect @fuzzballl UVXY trades are a mirror image. Won’t know which one wins until Jan 2019.
Made $323 on 1 contract for return of 20.1%. Forgot to add some zeros on yesterdays comments. Unlikely that would work out as well every week but potential to double money every 4-6 weeks if it can stay in that range. Most it can blow up now is $1000 on the down side or $1475 any other way.
Rolled the SVXY this week 75 call to next week for 1.31 credit.
Cost basis now 14.75 down from initial position of 16.06. Commission makes that officially 14.79 cost basis.
This is what the graph looks like for next week with the roll.
Next week have bunch of options expiring and will scale this up a few contracts but will start synthetic at 75 instead of 70 or wherever ATM is.
If it starts to tank to the downside can always butterfly the puts or if I have a few more puts can back ratio it for a directional kick.
If we stay above 77 will roll next week up 1-2 points but trying to stay close to the money to maximize weekly credit and weekly decay although it does not give much room to run.
Closing put positions
I closed the following for small profits to free up capital:
ALB, December 105 put @2.90
NVDA, December 100 put @.50
RL January 50 puts @.08
XBI September 15, 75 puts @.67
CMG…again
#LongCallDiagonals #Revenge – Was in a strangle where the put side was DITM. Closed it back on Aug 10th as the stock continued tanking. The plan was to wait for something resembling a bottom along with a few good headlines coming out. Not sure if this is anywhere near the bottom but the news flow is beginning to sound more hopeful.
Starting a long term (lower risk) position to work my way back on this thing. It is a revenge trade so maybe not the smartest thing but gotta take a shot. Need about 1.50 to 2.00 bucks a week to get what I need assuming no increase in the stock…
Here we go:
Long term position @ 44.50 debit
Bought CMG JAN 18 2019 300.0 Call
Sold CMG JAN 18 2019 250.0/200.0 Bull Put Spread
———————————-
Front month sale (first of 73 …LOL)
Sold CMG SEP 1 2017 317.5 Call @ 2.30
DUST
STO Aug 25 $26 calls for 0.20, 1 day to expiration should be easy money. Stock at $25.55 at time of sale.
SVXY
Good morning. BTC September 15, 22.5 puts @.01, closed 3 week early.
PLCE covered calls
#CoveredCalls #LongStock
Sold to Open $PLCE Sep 15th 110 call for .95
Sold to Open $PLCE Oct 20th 115 call for 1.50
Assigned long stock at 108.00 cost basis.
SPX calls sold
#SPXcampaign Sold to Open $SPX Sep 22nd 2505/2530 call spreads for 1.60.
ULTA
#Earnings – Sold ULTA AUG 25 2017 217.5 Call @ 2.00
Pairing this up with the 220/235/250 iron fly @ 11.90
Reducing max loss down to a buck with breakeven on the new call sale up at 231.40. Still need a rally but very little damage if she doesn’t come back…
Options Bistro 