Economic Data

ta
8:30am EST Prelim Nonfarm Productivity q/q – street sees 0.7%
8:30am EST Prelim Unit Labor Costs q/q – street sees 1.1%
10:00am EST Final Wholesale Inventories m/m – street sees 0.6%
10:30am EST Crude Oil Inventories – street sees -2.6M
1:01pm EST 10-y Bond Auction

Earnings before Open
ABRAXAS PETE/NV (AXAS) – consensus 0.02
ARRAY BIOPHARMA (ARRY) – consensus -0.21
CHILDRENS PLACE (PLCE) – consensus 0.75
EAGLE PHARMACT (EGRX) – consensus 0.53
FIFTH STREET FI (FSC) – consensus 0.13
JOUNCE THERAPTC (JNCE) – consensus -0.15
MYLAN NV (MYL) – consensus 1.19
NOVO-NORDISK AS (NVO) – consensus 0.56
OFFICE DEPOT (ODP) – consensus 0.09
SINA CORP (SINA) – consensus 0.43
STRATASYS LTD (SSYS) – consensus 0.01
WENDYS CO/THE (WEN) – consensus 0.13
WOLVERINE WORLD (WWW) – consensus 0.29

Earnings After Markets Close
AGRIUM INC (AGU) – consensus 4.04
CAPSTONE TURBIN (CPST) – consensus -0.12
FIFTH ST SNR FR (FSFR) – consensus 0.18
GERON CORP (GERN) – consensus -0.05
IAMGOLD CORP (IAG) – consensus 0.01
JACK IN THE BOX (JACK) – consensus 1.05
KEYERA CORP (KEY) – consensus 0.37
NETEASE INC (NTES) – consensus 4.07
PLANET FITNESS (PLNT) – consensus 0.19
POINTS INTL LTD (PCOM) – consensus 0.05
SUN LIFE FINL (SLF) – consensus 0.74
TWENTY-FST CF-A (FOXA) – consensus 0.34

$UVXY $SVXY

Hey guy’s, got tagged with Jury duty this week, so in preparation did very little last week to put on new positions. I did have a couple of GTC orders sitting out there that got hit during the spike this afternoon.

STO Aug 25 SVXY $65 puts @ $.52, looks like I had my price set a little low
STO Aug 18 UVXY $35/$39 call spreads @ $0.50

EWY

Maybe one to watch if missles start flying…

SPX campaign, Earnings, Sell Short Puts

#spxcampaign
SPX STO 9/8 2350/2375 BUPS @ 1.50 Thank you @jeffcp66
#earnings
$PLCE STO 8/18 110 puts @ 2.20 Thank you @jeffcp66
$GDDY STO 8/18 40 put @ .55
$TRIP STO 8/11 44 calls @ .70 Thank you @optioniceman

#shortputs
$SVXY STO 9/8 75 puts @ 1.75 Thank you @jdietz1954
$BIDU STO 210/220 BUPS @ 2.20

SPX puts sold

#SPXcampaign Sold to Open $SPX Sept 8th 2375/2350 put spreads for 1.50, with SPX at 2473.

SVXY UVXY

Busy most of the week but popping in for a second…

#IRA #ShortPuts – Freeing up a ton of margin just in case…booking these that still have nice profits. Hopefully we’ll get MUCH better entries soon!

Bought to Close SVXY SEP 15 2017 42.5 Puts @ .50 (sold for 1.15)
Bought to Close SVXY SEP 15 2017 45.0 Puts @ .57 (sold for 1.27)

Bought to Close SVXY JAN 19 2018 30.0 Puts @ 1.40 (sold for 2.00)

Bought to Close 10 UVXY1 JAN 18 2019 5.0/15 .0 Bear Call Spreads @ 1.70 (sold for 2.92)

$NFLX – Disney to pull…

$NFLX – Disney to pull their films from Netflix. $NFLX getting hit hard

#fallingknife

$TRIP #ShortPuts #Earnings – Turned…

$TRIP #ShortPuts #Earnings – Turned my earlier sale of 44.0 Calls into a #Strangle by selling the TRIP Aug 11 2017 33.0 Puts @ 0.25 right at the closing bell.

$SVXY puts

Sold $SVXY Sep 22 70 puts @ 2.86

$UVXY #ShortCalls #ScalpTrade – Sold…

$UVXY #ShortCalls #ScalpTrade – Sold UVXY AUG 11 2017 46.0 Calls @ 0.23 with the stock at 30.83.
These expire Friday.

STO Aug 11 SPX 2435/2430…

STO Aug 11 SPX 2435/2430 .15

SPX puts sold

#SPXcampaign Sold to Open $SPX Sept 8th 2375/2350 put spreads for 1.50, with SPX at 2473.

SVXY

STO September 8, 55 puts @.60

$SVXY #ShortPuts #ScalpTrade – I…

$SVXY #ShortPuts #ScalpTrade – I was early on my earlier trades and I might be early on these.
Sold SVXY Aug 11 2017 81.0 Puts @ 0.42 with the stock at 90.65.
Sold SVXY Aug 11 2017 80.75 Puts @ 0.37 with the stock at 90.65.
Sold SVXY Aug 11 2017 80.5 Puts @ 0.41 with the stock at 90.65.

SVXY

STO September 22, 60 puts @ 1.30

STO September 8, 60 puts @ .70
STO September 8, 70 puts @ 1.38

CBI #earnings Followed from TT-Went…

CBI #earnings
Followed from TT-Went out to Aug 18 for an iron fly 14.50/16.50/16.50/18.50 for 1.46, profitable between 15 and 18, stock at 16.50

$SVXY #ShortPuts #ScalpTrade – Sold…

$SVXY #ShortPuts #ScalpTrade – Sold SVXY Aug 11 2017 80.0 Puts @ 0.23 with the stock at 91.65.
These expire 3 days and are 10 points OTM

$TRIP #ShortCalls #Earnings – Sold…

$TRIP #ShortCalls #Earnings – Sold TRIP Aug 11 2017 44.0 Calls @ 0.70 with the stock at 39.63

#ShortPuts

$SVXY  Sold to open Sept 8th 75 Puts @ 1.70

EXPD and SVXY

STO EXPD February 2018, 50 put @ 1.00

SVXY, STO December 15, 42.5 puts @1.71

SVXY

STO September 22, 55 puts @.91

STO December 50 puts @2.35

ALB

STO December 15, 105 put @3.20 with the stock at 115.59

$FOSL #CoveredCalls – Sold FOSL…

$FOSL #CoveredCalls – Sold FOSL DEC 15 2017 21.0 Calls @ 0.35 with the stock at 12.50

$MAT #ShortPuts #FallingKnife – Sold…

$MAT #ShortPuts #FallingKnife – Sold MAT JAN 19 2018 18.0 Puts @ 1.25

Economic Data

6:00am EST NFIB Small Business Index – street sees 103.6
10:00am EST JOLTS Job Openings – street sees 5.74M
10:00am EST IBD/TIPP Economic Optimism – street sees 50.6

Earnings before Open
AGIOS PHARMACT (AGIO) – consensus -1.51
ARAMARK HOLDING (ARMK) – consensus 0.35
CHENIERE ENERGY (LNG) – consensus -0.01
CVS HEALTH CORP (CVS) – consensus 1.31
DEAN FOODS CO (DF) – consensus 0.31
DISCOVERY COM-A (DISCA) – consensus 0.71
KITE PHARMA INC (KITE) – consensus -1.97
MICHAEL KORS (KORS) – consensus 0.62
PLUG POWER INC (PLUG) – consensus -0.07
TESCO CORP (TESO) – consensus -0.24
VALEANT PHARMA (VRX) – consensus 0.97
VERTEX ENERGY (VTNR) – consensus -0.04
WAYFAIR INC (W) – consensus -0.69
ZOETIS INC (ZTS) – consensus 0.53

Earnings After Markets Close
ACADIA PHARMA (ACAD) – consensus -0.71
ACHILLION PHARM (ACHN) – consensus -0.16
BLUE BUFFALO (BUFF) – consensus 0.21
CCL INDS B (CCL) – consensus 0.67
CIMAREX ENERGY (XEC) – consensus 0.95
CYBER-ARK SFTWR (CYBR) – consensus 0.08
DISNEY WALT (DIS) – consensus 1.53
ENDOCYTE INC (ECYT) – consensus -0.25
FOSSIL GRP INC (FOSL) – consensus -0.28
GODADDY INC-A (GDDY) – consensus 0.03
HALOZYME THERA (HALO) – consensus -0.25
HERTZ GLBL HLDG (HTZ) – consensus -0.10
ICAD INC (ICAD) – consensus -0.19
INOVIO PHARMAC (INO) – consensus -0.18
JAZZ PHARMACEUT (JAZZ) – consensus 1.85
MONSTER BEVERAG (MNST) – consensus 0.40
NUANCE COMM INC (NUAN) – consensus 0.17
PHH CORP (PHH) – consensus -1.31
PRICELINE.COM (PCLN) – consensus 14.27
TESARO INC (TSRO) – consensus -2.52
TRIPADVISOR INC (TRIP) – consensus 0.19
TRUECAR INC (TRUE) – consensus -0.08
VIVINT SOLAR (VSLR) – consensus -0.46
ZILLOW GROUP (ZG) – consensus -0.15

$HP #ShortPuts #FallingKnife – Sold…

$HP #ShortPuts #FallingKnife – Sold HP MAR 16 2018 37.5 Puts @ 2.05 with the stock at 46.93

$SVXY #ShortCall – Sold 1…

$SVXY #ShortCalls – Sold 1 SVXY Jan 18 2019 165.0 Call @ 6.90 with the stock at 93.08 and the VIX index at 9.52.

$CMG $HES $HP $NOV $RRC…

$CMG $HES $HP $NOV $RRC – some very short term speculative trades –
Sold CMG Aug 11 2017 315.0 Puts @ 0.65
Sold HES Aug 18 2017 41.5 Puts @ 0.58
Sold HP Aug 18 2017 45.0 Puts @ 0.65
Sold NOV Aug 18 2017 31.0 Puts @ 0.45
Sold HES Aug 18 2017 17.0 Puts @ 0.45

SRPT closed

#Earnings #ShortStock Looks like this one may be done going down. Exited my last bit of short stock for 39.90. Cost basis 41.40. However, on half of the original position I took max loss rather than assignment, so overall the trade was a loser.

SWKS ladder

Rolled the 8/11 103 put to 9/1 101 for credit of 0.83. Sold for 7.97 originally off an adjusted roll when the stock dropped 16 points in 2 weeks.

After 3-4 weeks of rolling nice to finally be out of that one with a good profit.

UVXY

BTC August 11, 60 call @.01  I could have let it just expire but for 1 penny I take the risk off the table.

#spxcampaign rolled calls,11 aug, 2485/2510…

#spxcampaign

rolled calls,11 aug, 2485/2510 to 21 aug, 2490/2515 credit, 1.45 plus 1.85 rec already = 3.30

  • 2 accounts

PLCE earnings

#Earnings #ShortPuts A consistently bullish earnings trade.

Sold to Open $PLCE Aug 18th 110 puts for 2.00. Over 13 days after earnings in last 12 quarters, Biggest UP move: 19.3%, Biggest DOWN move: -4.5%, Average move: 8.2%. A +6.6% positive bias. This trade is -6.4% OTM.

#spxcampaign rolled call 2450/2475, 14…

#spxcampaign

rolled call 2450/2475, 14 aug to sept 1st. for 2.20 debit,have collected so far 5.80( this is 3rd roll).
now credit of 3.60 waiting for drop of market to rid of this problem child.
thanks jeff

$SPX

Morning all.  Sold to close my short term butterfly class trade on the open @ 14.60.  Originally opened for 13.40  on 8/06.  This is the second to last position to be cleared before I take a long awaited hiatus.  Still holding Aug 11th SVXY 80 and 85 puts.

#spxcampaign yesterday at and after…

#spxcampaign

yesterday at and after close
felt like a tsunami was coming and got out of way,this morning unwarranted now.
spx this morning still dancing in the same place and vix ….ha what vix
btc 18/aug 2515/2540 @.35 had sold for 1.70
btc 11/aug 2495/2520 @ .80 had sold for 1.90
btc 18/aug 2510/2535 @ .60 had sold for 1.80

Expired SPX Aug 7 2440/2435

Expired SPX Aug 7 2440/2435

Good morning

SPX Campaign

#spxcampaign
$SPX STO 8/23 2405/2440 BUPS @ 2.25

SPX puts closed

#SPXcampaign After the bell, closed on GTC order: $SPX Aug 9th 2440/2415 put spreads for .20. Sold for 2.10 on July 28th.

#spxcampaign saw the rush at…

#spxcampaign
saw the rush at market end and exited various positions in spx.
report later.

SPX Campaign

#spxcampaign
$SPX STO 8/23 2405/2440 BUPS @ 2.25

Calling the top

#SPXcampaign Sold to open $SPX Aug 21st 2480/2505 call spreads for 8.90. Since I just closed an #ATMroll I’m selling another at the same strikes. We are still in an Upside Warning but it seems to have run out of steam… Famous last words, perhaps. We just hit a two-week high, so this could finally be the run to 2500.

$TRIP #ShortStrangles #Earnings – sold…

$TRIP #ShortStrangles #Earnings – sold some of these. Trying for better prices.
Sold TRIP Aug 11 2017 35.0 Puts/44.5 Calls @ 1.00.
Earnings after the close tomorrow and these expire Friday.

ZNGA stock

#Earnings #LongStock Trailing stop knocked me out of half my position at 3.58. May hold the rest for another day.

Short Puts $AAOI

Adding to ladder (Hope it is not slippery)
$AAOI STO 9/15 60 put @ 1.90
$AAOI STO 9/22 55 put @ 1.50
Thank you @optioniceman

SPX calls closed

#SPXcampaign Bought to close $SPX Aug 7th 2480 calls for .50. Sold in the 2480/2505 call spreads for 7.50 on July 26th. Nice one to close. Now for those two ITM spreads down around 2440. Ready for the VIX to wake up!

STO WDC 8/18 84 calls…

STO WDC 8/18 84 calls at 0.83 and 85 calls at 0.72 against assigned positions. Will take about 3 weeks of rolling to break even and a few more weeks to make extra cash on it. Already have cost basis into mid 87s, assigned at 90 but currently sitting at 81 and change.

STO XBI 9/15 74 puts at 0.98. Resetting the ladder. Had to close a few early last week to open up some margin so I could take delivery of the wdc puts/stock.

#BLK sto 11 dte call…

#BLK
sto 11 dte call @ .80…. 440/450

$UHS #ShortPuts #FallingKnife – Sold…

$UHS #ShortPuts #FallingKnife – Sold 1 UHS Jan 19 2018 90.0 Put @ 1.70 with the stock 107.49

SPX calls sold

#SPXcampaign Sold to Open $SPX Sept 8th 2525/2550 call spreads for 1.55. Had an order in for 1.60 since dawn; no fill so I lowered it.

$VIX #CNBC – I keep…

$VIX #CNBC – I keep beating this dead horse ….
The S&P 500 is on pace for its 72nd straight trading session without a gain of 1 percent or more — its longest such streak since early 2007.
The implications of this kind of historical market calm that’s been the subject of much debate across Wall Street this year are concerning to some strategists who believe low volatility (while the market grinds to all-time highs) is the so-called calm before the storm.
The last time the S&P posted a gain larger than 1 percent in a single trading session was on April 24, with a gain of 1.08 percent.

edit: SPX hasn’t closed up or down 0.3% for 12 consecutive days. 10 in a row in ’66 and ’61 were the previous records.

Edit2: Looking at SVXY, the range for the last 6 trading days is only 3 points 89.81 – 92.85

$AMZN Iron Condor and Residue of 8/4 Expiration

#shortputs #shortcalls
$AMZN STO 8/18 940/950/1040/1050 @ 1.39

Residue
$AAOI STC Shares put to me at 65 (basis 62.90) @ 69.48
$WYNN STC Shares put to me at 133 (basis 129.60) @ 129.71
$ZNGA STC Shares tendered to me @3.50 (Basis 3.70) @ 3.60

#fallingknife #shortputs VIAB Followed Iceman…

#fallingknife #shortputs VIAB
Followed Iceman from Friday, sold Dec 27.50 put for 1.30

FLR

STO January 2018, 35 puts @1.30

#football joke For you Bears…

#football joke For you Bears and Dolphins fans out there, time to buy puts on the Dolphins season

$FLR #ShortPuts #FallingKnife – Sold…

$FLR #ShortPuts #FallingKnife – Sold 1 FLR JAN 19 2018 35.0 Put @ 1.25 with the stock at 39.38

$FLR #FallingKnife Sold $FLF Jan…

$FLR #FallingKnife
Sold $FLR Jan 19 2018 35 puts @ 1.30

W earnings

#Earnings This is a trade I did in 1st quarter that worked nicely. Wayfair has made some big moves on earnings before, which is probably why premiums are so high.

Sold to Open $W Aug 11th 75/80/85 #IronButterfly for 4.25. Max risk .75. Biggest UP move: 28.2%, Biggest DOWN move: -19.6%, Average move: 13.3%. Profits between 75.75 (-3.6%) and 84.25 (+7.2%). Slightly bullish with the trend and high call interest at 80.

$MYL #ShortPuts #Fallingknife – Sold…

$MYL #ShortPuts #Fallingknife – Sold 1 MYL Jan 19 2018 27.5 Put @ 1.15 with the stock at 31.55

$MOS #ShortPuts #Fallingknife – Sold…

$MOS #ShortPuts #Fallingknife – Sold 1 MOS Jan 19 2018 20.0 Put @ 1.09 with the stock at 21.88

$AAOI #ShortPuts – a couple…

$AAOI #ShortPuts – a couple of random shorter term trades on this name.
Sold 1 Sep 15 2017 55.0 Put @ 2.20 with the stock at 63.63
Sold 1 (Weekly) Sep 22 2017 50.0 Put @ 1.40 with the stock at 63.35

SPX puts closed

#SPXcampaign In overnight session, closed on GTC order: $SPX Aug 7th 2470/2445 put spreads for .50. Sold for 4.20 on July 26th. Still holding the 2480/2505 call spreads expiring today.

ZNGA stock

#Earnings #Assignment #LongStock
Forgot to close my long 3.50 calls on Friday so I was assigned 1,000 shares. I put .05 trailing stop on to enjoy any gain on the day, or close it out before it goes below 3.50. Cost basis is 3.70.

Economic Data

10:00am EST Labor Market Conditions Index m/m
1:25pm EST FOMC Member Kashkari Speaks
3:00pm EST Consumer Credit m/m – street sees 15.6B

Earnings before Open
AMICUS THERAPT (FOLD) – consensus -0.37
BIOCRYST PHARMA (BCRX) – consensus -0.19
CHIMERIX INC (CMRX) – consensus -0.41
DCP MIDSTREAM (DCP) – consensus 0.14
FIRST DATA CORP (FDC) – consensus 0.34
HORIZON PHARMA (HZNP) – consensus 0.12
LUMOS NETWORKS (LMOS) – consensus 0.01
ON DECK CAPITAL (ONDK) – consensus -0.07
ON SEMICON CORP (ON) – consensus 0.32
TYSON FOODS A (TSN) – consensus 1.27
UNIQUE FABRICTG (UFAB) – consensus 0.23
WILLIAM LYON HM (WLH) – consensus 0.49
YATRA ONLINE (YTRA) – consensus -0.26

Earnings After Markets Close
APPLE HOSP REIT (APLE) – consensus 0.52
ARENA PHARMA (ARNA) – consensus -0.68
AVIS BUDGET GRP (CAR) – consensus 0.42
BANKRATE INC (RATE) – consensus 0.11
CBS CORP (CBS) – consensus 0.97
DEPOMED INC (DEPO) – consensus -0.41
DIPLOMAT PHARMA (DPLO) – consensus 0.15
FRESHPET INC (FRPT) – consensus -0.07
LUMINEX CORP (LMNX) – consensus 0.11
MANNKIND CORP (MNKD) – consensus -0.25
MARRIOTT INTL-A (MAR) – consensus 1.02
MAXWELL TECH (MXWL) – consensus -0.23
SERVICESOURCE (SREV) – consensus -0.01
TENET HEALTH (THC) – consensus -0.17
TWILIO INC-A (TWLO) – consensus -0.20

Econ Calendar for week of 8/7/17

Screen Shot 2017-08-07 at 4.30.54 AM

Email from SMM/OMM

Is it just me or does this sound slightly condescending? Seems like it could’ve been worded better. Maybe my reading comprehension sucks too…LOL

—————————————-

Scott,

It’s been 6 months since we last heard from you, and I wanted to know if you’re still interested in learning to trade profitably. If not, just shoot me back a note and I’ll close down your record.

If you are interested, let me know and I’ll send you back a free month trial to Stock Market and Option Market Mentor.

Please reply today, so I can remove you or help you.

Thanks!
Gary

—————————————-

My reply:

You can close me out…thanks Gary. By the way…the email is a little funny sounding. Makes it sound like the person you’re sending it to is not interested in trading profitably unless they come back. Sounds condescending although I’m sure it wasn’t meant to be. 🙂

Scott

—————————————-

$SVXY – previous bounce point…

$SVXY – previous bounce points are pretty clearly defined on the chart
http://www.finviz.com/quote.ashx?t=SVXY&ty=c&ta=0&p=d
75, then 65, then 60.
Target zones for short term, medium term and longer term puts once a decline begins

$VIX – Anticipating “VIX Shock”,…

$VIX – Anticipating “VIX Shock”, Interactive Brokers Raises Vol Product Margins
“policy will be to consider market outcome scenarios under which VIX might rise to …18”

Expirations

Full Profit
$STMP 125/137 BUPS #earnings Thank you @jeffcp66
$REGN 430/440/500/510 #earnings IC Thank you @jeffcp66
Losses
$AAPL 145/150/155/150 Iron Condor #earnings $76 per contract loss
$AMZN 990/1000 BUPS Full Loss
Assigned
$AAOI 65 puts (62.9 basis) Most likely sell on Monday
$WYNN 130 puts (Basis 128.1) Will sell on Monday
$ZNGA 3.50 calls (Basis 3.70) Will sell Monday

Screen Shot 2017-08-05 at 6.55.56 PM

#earnings

#spxexpected move ending 8.11.17 looks…

#spxexpected move ending 8.11.17
looks like more grind higher.

2017-08-05-TOS_CHARTS

#OptionsExpiration for 8/4 Only 2…

#OptionsExpiration for 8/4
Only 2 today
$ATVI Aug 4 60 puts
$CMG Aug 4 300 puts

I’ve been taking a bunch of stuff early. Things feel really risky right now.

Thanks for all the great ideas everyone.

#xle assignment 66.65.5 and 67…

#xle
assignment
66.65.5 and 67
will sell straddle next week or cc

$VIAB #ShortPut #FallingKnife – Sold…

$VIAB #ShortPuts #FallingKnife – Sold 1 VIAB JAN 19 2018 27.5 Put @ 1.50 with the stock at 30.33.
The stock is very near the 3-year low at 30.11.