$UVXY #ShortCalls – Bought to close more UVXY1(25 shares) Sep 15 2017 60.0 Calls @ 0.01.
They won’t trade any lower.
Originally sold on :
01/30/2017 @ 6.50
02/10/2017 @ 4.30
02/24/2017 @ 4.60
03/22/2017 @ 2.35 & 2.56
05/18/2017 @ 1.19
Daily Archives: Wednesday, August 30, 2017
$BIIB #ShortPuts -Bought to close…
$BIIB #ShortPuts -Bought to close 1 BIIB OCT 20 2017 185.0 Put @ 0.05. It won’t trade any lower and still has 6 weeks until expiration.
Originally sold on 05/08/2017 @ 1.15
$SJM #ShortPuts #FallingKnife – Sold…
$SJM #ShortPuts #FallingKnife – Sold 1 SJM APR 20 2018 90.0 Put @ 1.70 with the stock at 103.50
SPX Chart and VIX Indicator have been updated
Tomorrow, and Friday with the Jobs Report, should tell us whether we’re headed up or down into September.
$SVXY #ShortPuts Sold to open…
$SVXY #ShortPuts Sold to open Oct 20th 55Puts @ 1.85 with $SVXY at 77.52 during that dip around 3:45.
SPX trades
#SPXcampaign I had to close two call spreads that went ATM today. The VIX dipped but ended off its lows. I will do more rolling tomorrow.
Bought to close $SPX Sep 14th 2460/2485 call spreads for 10.60. Sold yesterday for 6.00. Not yet rolled.
Bought to close Sep 6th 2460/2485 call spreads for 7.70. Sold as part of a #CondorRoll for 6.65 on Aug 25th. Rolled…
#ATMroll Sold Sep 13th 2470/2495 call spreads for 5.45. Ten points higher and I can roll again if we hit 2470. Will add a put spread tomorrow to make up for the debut.
Also, sold to open Sep 29th 2510/2535 call spreads for 1.40, standard campaign position.
#Market
I have been busy closing out a lot of positions for small profit and gains as well as some nice profits. I am now in 60% cash and waiting for more expirations in September to bring me up to 70% cash. My feeling is that we need a correction and if the number on Friday is a big one we could get a taper tantrum in the bond market. We are also faced with the north Korea problem and don’t see a solution that one either. Timing is everything and I may be wrong but I am willing to wait until November to see how this plays out.
Closing UVXY
Had an order in to close some of these at .01. This one got filled.
Bought to close $UVXY Sep 8 82 call @ .01. Sold for 3.65 on 8/11.
Closing Oct MNK
Bought to close $MNK Oct 20 30 puts @ .25. Sold for 1.20 on 5/17. Taking it off 1 1/2 months early. I still have a nice size position in Jan (short 30 puts) that I’ll keep on.
Closing Nov ESRX
Bought to close $ESRX Nov 17 52.50 puts @ .44. Sold for 1.36 on 5/11.
Taking almost 70% max profit out about 2 1/2 months early.
Closing Sep AZO
Getting out of this for around 65% of max profit when it was deep underwater as recently as last week. The options were trading as high as 15 in early July when the stock made its excursion below 500 into the 490s. I thought this one was going to have to get rolled out based on how it was acting but the modest recovery sucked the premium out of the options. Taking the profit a couple of weeks early and not looking back.
Bought to close $AZO Sep 15 480 puts @ .85. Sold for 2.50 on 5/23.
$SVXY #ShortPuts Sold to open…
$SVXY #ShortPuts Sold to open Sept 29th 65 Put @ 2.05 with SVXY @ 78.04, just off VWAP. Only 1 contract in case it breaks lower.
lunch trades, only time i…
lunch trades, only time i get to trade most of the week
rolled xbi 9/15 75 put to 10/6 77 put for 0.9 credit. sold for 1.06 off a ladder roll about a month ago. keeping 3-4 weeks of a rolling ladder going.
btc swks this week 101 put for 0.35. sold for 1.06 as part of recovery rolls over a month ago. nice to finally be done with this one. i set up a ladder when it was up around 112. then dropped as low as 94-95 so have been rolling for about 6-8 weeks and finally have the original profit back. this is still a good one for ladders but i am going to leave it alone for a few weeks.
these freed up some cash/margin for the next drop or vol. increase!
svxy synthetic is looking great for this week. will update tomorrow or friday and roll to new positions.
#spxcampaign sto call oct 2/2515/2540…
sto call oct 2/2515/2540 @ 1.70
may not be top ..but close!
#spxcampaign closing out puts to…
closing out puts to release capitol and wait for next down leg/
btc put sept 15/2320/2295 @ .40 had sold for 1.70
btc put sept 15/2350/2325 @ .65 had sold for 1.90
btc put sept 22 / 2330/2305 @ .85 had sold for 1.50
VIX dropping
#SPXcampaign #VIXINdicator With the VIX breaking below its intraday consolidation and SPX shooting higher, I’m beginning the process of reversing my SPX campaign positions from short to long. The Downside signal will not officially be over until a close below 10.65, but today it’s certainly looking to be headed there.
CBI puts
Not my typical strategy but IV rank is still high from its big August move down (IVR 63). Stock is moving up strongly today so selling puts with IV still high. Strike price is near the lows from mid-August.
Sold $CBI Oct 20 10 puts @ .38.
SPX trades
#SPXcampaign Sold to Open $SPX Sep 15th 2480/2505 call spreads for 3.00. Extra spread offsetting existing put spreads; looking to sell a put spread in a different expiry.
Closed on GTC order: Sep 8th 2340/2315 put spreads for .20. Sold for 1.50 on Aug 10th.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY1(25 shares) Sep 15 2017 60.0 Call @ 0.01. It won’t trade any lower.
Originally sold on 03/23/2017 @ 2.75
From the SMM/Omm forum this…
From the SMM/OMM forum this morning – psst … Don’t worry if you are no longer a member.
#OT #NYCPicnic – Oct 7th I think either at 12 or 1:00 in Strawberry fields Central Park – more direct info to follow – We usually meet up on 72nd street and Central Park West and walk in together. Please email me of your interest in going so we have a general idea of a head count if the weather is not good to move it indoors some where and so I have an email list for contacting you regarding the gathering. We have been very successful with these in the past and I think you will all enjoy meeting Dan and Gary and conversing with fellow traders and put a face to the names here. Please email me at aragorn555_2010@yahoo dot com.
Below is What Gary wrote previously
#NYC Picnic – SATURDAY, OCTOBER 7, 2017. Hey Team. We are all set for some fun in Central Park on Oct. 7, 2017. I’ll work with @Aragorn on specifics and let you know but we usually meet early afternoon and all bring lunch, lounge chairs, etc. So, SAVE THE DATE!!
Can’t wait to see all of you.
$SVXY #ShortPuts – yesterday, knowing…
$SVXY #ShortPuts – yesterday, knowing that the VIX was up 2 points, I put in a rolling order for Puts for this week. The quick morning rally is SVXY allowed the order to fill before 11am and then the stock just kept moving up. I’ll still take the profit on this week’s puts as I continue to lower the strike prices on my puts.
Bought to close SVXY Sep 1 2018 77.5 Puts/Sold SVXY Sep 22 2018 72.0 Puts @ 1.10 Credit
Options Bistro 