$UVXY #ShortCalls – Bought to…

$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

$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.


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.