$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 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 1 SJM APR 20 2018 90.0 Put @ 1.70 with the stock at 103.50
Tomorrow, and Friday with the Jobs Report, should tell us whether we’re headed up or down into September.
$SVXY #ShortPuts Sold to open Oct 20th 55Puts @ 1.85 with $SVXY at 77.52 during that dip around 3:45.
#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.