Good morning

Only 2 expirations and no more volatility trades until December.

SVXY40 puts

SVXY 45 puts

Afternoon all. Only one this week.

#OptionsExpiration $SVXY 85 Call Assigned. Letting my stock go. Back to sans stock.
Have a great weekend all.

#OptionsExpiration #Weeklys #Sep29 – It’s…

#OptionsExpiration #Weeklys #Sep29 – It’s the end of the third quarter and nothing is going on. I did let a couple of lots of $SVXY go very near the all time high.
Record $VIX lows for September means I’m not putting on new trades.
I guess I’ll wait for earnings season.

— Expirations —
AZO (Weekly) Sep 29 2017 660 Calls
NUGT (Weekly) Sep 29 2017 30 Puts
UVXY (Weekly) Sep 29 2017 91 Calls

— Assigned —
SVXY (Weekly) Sep 29 2017 89 Calls (Covered)
SVXY (Weekly) Sep 29 2017 91.5 Calls (Covered)

$SVXY #CoveredCalls- At various times…

$SVXY #CoveredCalls- At various times during the day I rolled most of my calls
Bought to close SVXY SEP 29 2017 86.5 Calls/Sold SVXY OCT 13 2017 89.0 Calls @ 0.12 Credit
Bought to close SVXY SEP 29 2017 87.5 Calls/Sold SVXY OCT 13 2017 90.0 Calls @ 0.21 Credit
Bought to close SVXY SEP 29 2017 88.5 Calls/Sold SVXY OCT 13 2017 91.0 Calls @ 0.15 Credit


FYI: CNBC “The Fed: POTUS says he will make Fed chair decision in the next 2 to 3 weeks.” …a developing story.

No expiry for me, have good weekends, all.

#optionladder BTC XBI 10/20 78…


BTC XBI 10/20 78 put for 0.16. Sold for 0.94. No point in leaving the risk for $16 in theta over 21 days.

Sometime the market gods giveth, sometimes they taketh away. No point in tempting the market gods!


Apparently the SPX and SVXY only go up forever although the charts are starting to look like 2000 and 2008 so there may be a lot of irrational exuberance. So my SVXY 78 call (14 DTE) which I just rolled last week is still DITM and the time value was down to 0.12 so rolled to 28 DTE 78 for 1.15 credit. Brings cost basis down to 10.97 and 16.05 depending on lot.

Now profit is $5312 in 7 weeks on 4 contracts and I am not complaining but if I had not sold the short calls and just did the synthetic long with the protective put would be up 7k+.

I will try to roll it up if we ever get a pullback but right now so far ITM hard to roll it up for a credit unless I go way out in time.

Maybe better just to sell puts on this one and take assignment to go long or start a synthetic long on a volatility spike. Will keep the experiment going, there are still 68 weeks left for it to play out but the first 7 weeks are promising!

I am done paying for option services but Fishback just made their high accuracy options DVD available for $99. Usually sells for $2000. I doubt there is anything earth shattering in it, but they had 300% returns confirmed last year so for $99 I think it is worth taking a look. I will get it and if I discover anything new pass it along. Tripling an account in 1 year would certainly help anyone’s bottom line and I believe that included about 5 losses, not sure if it went full loss or they closed it early or were able to roll it and that is what I am interested in. I think they stick with SPY and QQQ.

If any

Closing BBY

Continuing to lighten up on mostly profitable positions.
Taking $BBY Oct positions off for most of the max profit.
Bought to close:
$BBY Oct 20 52.50 puts @ .23 (sold for 1.46 on 8/29)
$BBY Oct 20 50.00 puts @ .08 (sold for 1.00 on 8/29)