#spxcampaign
$SPX BTC 9/15 2545/2520 BECS @ 89% profit
$SPX BTC 9/15 2540/2515 BECS @ 91% profit
Daily Archives: Monday, August 28, 2017
$DUST #ShortPuts #Speculation – in…
$DUST #ShortPuts #Speculation – in case the run in gold runs out of gas –
Sold DUST Sep 1 2017 22.0 Puts @ 0.40 – these expire Friday
Sold DUST Sep 8 2017 21.0 Puts @ 0.40.
Both trades when the stock was about 22.70.
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT Sep 1 2017 40.0 Calls @ 0.44 with the stock at 37.58. These expire Friday.
$SLV #ShortPuts – Bought to…
$SLV #ShortPuts – Bought to close SLV Oct 20 2017 13.5 Puts @ 0.01.
They won’t trade any lower and still have two months to run.
$SJM #ShortPuts #FallingKnife – Sold…
$SJM #ShortPuts #FallingKnife – Sold 1 SJM Jan 19 2018 95.0 Put @ 1.65 with the stock at 104.28
$NUGT #CoveredCalls – Sold 3…
$NUGT #CoveredCalls – Sold 3 NUGT 25/100 Sep 15 2017 10.0 Calls @ 0.30 against a 75 share position.
The effective strike price is 40.0
BBY earnings
#Earnings Sold to Open $BBY 57.5 puts for 1.06. Biggest UP move: 21.5%, Biggest DOWN move: -7.4%, Average move: 8.6%. This trade is 7.5% OTM.
NUGT calls
Sold at the highest strikes:
$NUGT Oct 20 50 calls @ 1.30
$NUGT Dec 15 58 calls @ 2.00
NUGT new highs
#ContangoETF’s $NUGT hitting multi-week highs.
BTC NUGT Sep 15th 51 call for .15. Sold for 4.60 on May 17th.
STO NUGT Oct 45 call for 2.00.
NUGT
Buy stock at $37.32, sell calls (partial coverage) Sept 15 $35 for $3.60. Maybe later this week will get more premium for remainder of calls to cover.
$FOSL #ShortPuts – Bought to…
$FOSL #ShortPuts – Bought to close 1 FOSL NOV 17 2017 9.0 Put @ 1.20.
Originally sold at 1.40 right before the stock tanked to 6.80.
Once it got that far ITM, I knew I should cover this put if given a chance.
I got that today when the stock rallied back close to the strike price.
I’ll revisit this one with lower strike puts at some future date.
$CVX #ShortPuts – Bought to…
$CVX #ShortPuts – Bought to close 1 CVX SEP 15 2017 90.0 Put @ 0.01
Originally sold on 04/17/2017 at 1.33
GLD
#PerpetualRollingStrangles – I’ve got a stop on this week’s 122’s at 75 percent of max profit. Selling aggressively for next week. As long as gold holds 1300 these should work…
Sold GLD SEP 8 2017 124.5 Puts @ 1.24
$SVXY #CoveredCalls – sold these…
$SVXY #CoveredCalls – sold these on the opening with the stock at 78.96
Sold SVXY SEP 1 2017 81 Calls @ 0.98
Sold SVXY SEP 1 2017 81.25 Calls @ 0.97
Sold SVXY SEP 1 2017 81.75 Calls @ 0.78
Sold SVXY SEP 1 2017 82.0 Calls @ 0.66
Sold SVXY SEP 1 2017 82.25 Calls @ 0.61
Sold SVXY SEP 1 2017 82.5 Calls @ 0.50
Sold SVXY SEP 1 2017 82.75 Calls @ 0.43
These all expire Friday
AAOI Oct
Sold $AAOI Oct 20 50 puts @ 2.40 with the stock at 60.76. Willing to go long the stock at a basis of 47.60.
#ShortPuts $SVXY Sold to open…
#ShortPuts $SVXY Sold to open October 60 Puts @ 2.70 when the stock was at 77.84. Muffed the price. I’m using this longer period than my usual 3 week time frame much like Iceman and others do to see if a 2 month rolling strategy will work for me.
XBI rolled this week 77…
XBI rolled this week 77 puts to 9/22 for 0.8 credit. Originally sold for 1.06.
Did not take my own advice on friday. Was about to close SWKS 101 puts that had decayed to .033 after several rolls and instead thought no I will let them close this week and avoid the commission. Gapped down 2 points this morning so after 7 weeks of recovering a 16 point drop still have to baby sit this one. Will roll it later in the week once the time value decays out.
SVXY #shortputs BTC Sept 28…
SVXY #shortputs
BTC Sept 28 $55 put for $1.10, sold for $3.18 10 days ago.
SPX calls sold
#SPXcampaign Sold to Open $SPX Sep 29th 2505/2530 call spreads for 1.65, with SPX at 2444.
SPX calls closed
#SPXcampaign Bought to close $SPX Aug 28th 2455 calls for .25. Sold in a #CondorRoll for 4.40 on Aug 21st.
UVXY
Roll Sept 08 $32.5 put to Dec 15 $50 call for $2.20 cr. I want to close my short UVXY on my timing and not wait to be put offsetting shares in 2 weeks. I believe the Dec call is safe from margin calls in forseeable future.
CMG
#LongCallDiagonals – After my email exchange with @DJ this weekend I’m bailing on this position for now. He lays out a very good case for more possible downside in this thing. With a small bounce at the open and some weakness now was able to leg out of the Leaps and the short calls for a 1.04 winner.
I’ll keep it on the watchlist and see when she firms up and then re-evaluate….
Thanks DJ for all the effort!
$UVXY
BTC Sep 15 $91 calls @ $.05, sold for $1.525 composite
BTC Sep 1 $55 calls @ $.05, sold 8/24 for .31
Continuing to lighten up into strength. Doing everything I can to guarantee the the market will scream higher vs. roll over and go lower like 99% of people think it is going to do. 🙂 🙂
Econ Calendar for week of 8/28/17
JOBS report on Friday. Markets CLOSED next Monday.
Good morning
Barron’s had a bearish article about the market and tesla as well.
Economic Data
8:30am EST Goods Trade Balance – street sees -64.5B
8:30am EST Prelim Wholesale Inventories m/m – street sees 0.3%
Earnings before Open
STANDEX INTL CO (SXI) – consensus 1.29
Earnings After Markets Close
AMER SOFTWARE A (AMSWA) – consensus 0.04
CATALENT INC (CTLT) – consensus 0.56
EXA CORP (EXA) – consensus -0.20
PAREXEL INTL CP (PRXL) – consensus 0.94
PERCEPTRON INC (PRCP) – consensus 0.05
PROSPECT CAP CP (PSEC) – consensus 0.20
Notable Earnings After the Close,…
Notable Earnings After the Close, Monday or Before the Open on Tuesday:
BBY, BMO, BNS, CTLT, HAIN, JILL, PRXL, PSEC, SFUN
Notable Earnings After the Close, Tuesday or Before the Open on Wednesday:
ADI, AVAV, BF.B, BNED, BOBE, CAL, CHS, DY, HRB, NCS, OLLI, VRA
Notable Earnings After the Close, Wednesday or Before the Open on Thursday:
BOX, CIEN, CPB, CTRP, DG, FIVE, GCO, KEYS, LE, SMTC, TD, WDAY
Notable Earnings After the Close, Thursday or Before the Open on Friday:
AMBA, COO, LULU, NTNX, PANW, TECD
Options Bistro 