#optionsexpiration
$SPX 2350/2375 BUPS
$SVXY 60 put
#assignment
$SPX 9/1 2500/2475 @ 25% profit
#shortputs
$MOMO STO 9/8 37 put @ .55
$EXAS STO 9/15 40 put @ .65
Rolled
$AAOI 9/15 65 put to 10/20 65 put for additional 3.50 credit Thank you @ramie77
Sold Early
$NVDA BTC 9/15 145 put @ .10. Sold 8/11 for 3.55
$SPX BTC 9/8 2550/2525 BECS @ .10 STO 8/7 for 1.60
Need the three days rest. Have a relaxing Labor Day and say a prayer for the people of Houston.
$SVXY #CoveredCalls – starting my ladder for 2 weeks out. Already have next week covered.
Sold SVXY Sep 15 2017 84.0 Calls @ 1.12.
#OptionsExpiration #Earnings #Assignment
Only one this week:
Assigned stock on $BBY 57.5 puts
#OptionsExpiration
I sold a lot of positions a week ago @ $.05 or less so this is all I have left.
$VXX $45.5 put
SVXY $60 puts
UVXY $39 calls
UVXY $46 calls
UVXY $50 calls
#OptionsExpiration #Weeklys #Sep1 – the first of 5 September expirations. Plenty of volatility winners this week with little need to cover or roll positions.
A lot of covered calls, and one assignment getting me out of a long NUGT position at a profit. I have been writing calls against this position for many months.
— Expirations —
DUST (Weekly) Sep 1 2017 21 Puts
MYL (Weekly) Sep 1 2017 42.5 Calls (Covered)
SVXY (Weekly) Sep 1 2017 42.5 Puts
SVXY (Weekly) Sep 1 2017 50 Puts
SVXY (Weekly) Sep 1 2017 55 Puts
SVXY (Weekly) Sep 1 2017 76 Puts
SVXY (Weekly) Sep 1 2017 81 Calls (Covered)
SVXY (Weekly) Sep 1 2017 81.25 Calls (Covered)
SVXY (Weekly) Sep 1 2017 81.75 Calls (Covered)
SVXY (Weekly) Sep 1 2017 82 Calls (Covered)
SVXY (Weekly) Sep 1 2017 82.25 Calls (Covered)
SVXY (Weekly) Sep 1 2017 82.5 Calls (Covered)
SVXY (Weekly) Sep 1 2017 82.75 Calls (Covered)
SVXY (Weekly) Sep 1 2017 83 Calls
SVXY (Weekly) Sep 1 2017 83.5 Calls
SVXY (Weekly) Sep 1 2017 84 Calls
SVXY (Weekly) Sep 1 2017 84.5 Calls
SVXY (Weekly) Sep 1 2017 90 Calls
UAA (Weekly) Sep 1 2017 25 Calls (Covered)
UVXY (Weekly) Sep 1 2017 60 Calls
UVXY (Weekly) Sep 1 2017 64 Calls
UVXY (Weekly) Sep 1 2017 91 Calls
UVXY 25/100 (Weekly) Sep 1 2017 14.5 Calls
— Assignments —
NUGT (Weekly) Sep 1 2017 36 Calls (Covered)
$SVXY Sep 1 55.00 puts
$SVXY Sep 1 62.50 puts
$UVXY Sep 1 60.00 calls
$UVXY Sep 1 64.00 calls
Have a great long weekend everyone.
$NUGT #ShortCalls – Bought to close NUGT Sep 1 2017 40.0 Calls @ 0.20. Sold ’em for 0.44
$SVXY #ShortPuts Well those orders were filled so I had to drop in. Sold to open Oct 6th 60 Puts @ 1.40 when $SVXY was 80.16 and Oct 13th 60 Puts @ 1.68 when SVXY was 80.45. Happened during that dip some time after 2PM. And with that I am truely done until next Tesday. Again have a great and enjoyable long weekend.
$DUST #ShortPuts #Rolldown – a small rolldown on a position that on a better day I could have closed out for a gain.
Bought to close DUST SEP 1 2017 22.0 Puts/Sold DUST SEP 15 2017 21.0 Puts @ 0.06 Credit.
Bought to open $VXX Jan 2019 20 puts for 1.80
Sold to Open VXX Jan 2019 50/60 call spreads for 2.23
Net credit: .43.
I traded 10, so profit near expiration should be about $10K.
Max risk just under 10K if VXX soars above 60 and doesn’t come back down. An extremely unlikely scenario.
I’m on portfolio margin, and due to other VXX, SVXY and UVXY position, I was actually credited margin back for this trade. How much this may strain my buying power during a big correction is up to my broker.
I don’t think I will be buying a safety call as @fuzzballl does, but I will consider it. Also will consider selling weekly puts to increase profits.
Taking this position off for 75% of the max. Bought to close $XOP Sep 15 29 puts @ .16. Sold for .64 on 8/11.
Looking at setting up #LongPutDiagonals on $VXX, following @fuzzballl‘s lead.
Effective price of VXX 16 months ago: 255.00.
Price today: 46.23
Projected price in 16 months (Jan 2019): 8.38
Buying Jan 2019 20 puts now for 1.83, they’ll be worth 12.62 at expiration.
This is the perfect opportunity, and I darned near missed it because I was watching UVXY too much. I did a study a couple years back on buying long put LEAPs right after reverse splits. It almost always works, unless a huge correction happens near expiration, which is why you would likely close a couple months early.
And if I sell some call spreads to pay for it… it’s a golden trade.
Am I missing anything?
$NUGT #ShortPuts – Bought to close NUGT Sep 15 2017 20.0 Puts @ 0.01. They won’t trade any lower.
#LongPutDiagonals – Going out 2 weeks on this one. I’ve got a stop set on this week’s that would lock in 90 percent of max profit. Wanted to get the next one on the books in case they start sucking weekend premium out of these this afternoon.
Sold VXX SEP 15 2017 45.0 Puts @ 1.15
In the split history of VXX the quickest it has ever split was a year (2 out of 4 times) so figuring a drop from 50 to 10 I’m planning on about .75 to 1.00 per week max drop.
Interesting to watch. Making a run at a close above the 20 ma today. 21 ema turning up but the 50 ma is still looming overhead. Could be 300-350 range bound for awhile. 352.96 looks like pretty strong resistance on DJ’s chart…that’s about where the 50 ma will be if she can claw her way back up that high.
Rolling short Sep 65 puts out to Oct 65 puts for 3.75 credit with the stock now trading at 58.57. I’m extending duration on this trade and bringing my cost basis down, if assigned, to 57.75 (65.00 strike price less 7.25–3.50 for the original Sep put sale plus 3.75 for the rollout). When I originally sold puts on this, the idea was to take assignment of a stock I wouldn’t mind owning long term. But with the rich premiums, rolling out has been the way to go. So far, at least.
Rolled the 75 call yesterday for 0.85 credit and today the 79 calls for 1.17 credit. Both rolled to next week.
Total profit for 2 weeks on 4 contracts long and 5 short is $1198. That works out to an 11.9% return on capital but if you base it on risk is a 56% return in 2 weeks. As long as SVXY stays in a range, this may out perform all my other techniques. I am not on a computer with TOS so cannot share the graph at the moment but next weeks max profit potential is now around $1700 around the 80 strike.
Cost basis on first batch down to 13.95 from 16.06 and on the second batch 19.97 down from 21.14.
I plan to keep rolling the strikes but if we keep pushing up may go out a few weeks and up a few $ to improve capital gains. I figure as long as I can take in 0.50 or higher credit with each roll will stay at the same strikes.
Also rolled some SVXY 70 puts this week to next for 0.86 credit and WDC 84 and 85 calls to 1-2 weeks for 0.53 credit.
Profit range on the SVXY synthetic is now 68 to about 90 or so.
Have a good long weekend. Maybe we have some volatility next week when the big traders are back from summer vacation!
$AN #ShortPuts – Bought to close AN OCT 20 2017 34.0 Puts @ 0.05. It won’t trade any lower and still has 7 weeks until expiration.
Originally sold as a #Fallingknife trade on 04/03/17 @ 1.10
#spxcampaign
sto sept 29, call ,2530/2555 @ 1.60
spx at 2479
$SVXY #ShortPuts Bought to close Sept 75 Puts @ .02. Nothing left for #OptionEpiration for the week. So if I’m not back this afternoon have a great three day weekend everyone.
#CoveredCalls – I’ve got a little bit of stock left from an earlier put spread with a basis of 88. Adding to the bottom of an ever expanding December short call ladder now that Jan is looking pretty safe.
Sold 1 SVXY DEC 15 2017 95.0 Call @ 4.75
Sold 1 SVXY DEC 15 2017 97.5 Call @ 3.90
#PerpetualRollingStrangles – A couple more and now done with this for awhile.
Taking a little more than 50 percent of max on an extra sale on the put side during the rise. This gets me back to a regular size position.
Bought to Close TLT SEP 8 2017 126.5 Puts @ .50 (sold for 1.10)
And:
Rolled TLT SEP 15 2017 131.0 Puts to NOV 17 2017 130.0 Puts @ .38 credit
#PerpetualRollingStrangles – Interesting morning in this thing. I had been hit with early exercises numerous times on DITM short calls as early as 18 days out. Because of this I had been rolling these at about the 21 day mark back out to 45 or 50 days. Well…today set a record. Every single short call I had was exercised….
Sep 22 122 strike (21 days early)
Sep 22 123 strike (21 days early)
Oct 20 121 strike (an incredible 49 days early!)
Luckily the stock is down big today so was able to cover it at a pretty good price. Then re-loaded all the short calls way out in November.
Sold TLT NOV 17 2017 121.0 Calls @ 6.50
Sold TLT NOV 17 2017 123.0 Calls @ 4.85
So…here’s what happened:
https://tickertape.tdameritrade.com/trading/2017/05/analyzing-dividend-risk-61479
My fault…was vaguely aware this was an issue but wasn’t sure of all the risks involved. Luckily with the short stock carrying more negative deltas than the short calls the whole thing should be net positive in spite of the dividend. Lesson learned but still a big fan of the ticker…
$SVXY #shortputs
BTC Sept 15 $70 put for $1.00, sold Aug 22 for $2.10
#SPXcampaign Bought to close $SPX Sep 1st 2470/2445 put spreads for .75. Sold yesterday for 5.80.
STOPPED: Sep 8th 2475/2500 call spreads for 8.40. Sold for 3.10 on Aug 24th.
#ReverseRoll Sold Sep 8th 2480/2455 put spreads for 6.80.
Potential #fallingknife getting started
$AAOI #ShortPuts BTC Sept 01st 60 Puts @ 0.50 when $AAOI was at 60.12. Originally sold for 1.60 on Aug 24th. I am unsure about opening another position. The stock seems to be broken after last earnings though premiums are rich.
s$UVXY #ShortCalls #ClassicVXXGame – Bought to close 1 UVXY Jan 18 2019 65.0 Call @ 12.0.
Originally sold on 8/9/17 at 13.30.
Still short several others sold at higher prices and some strike 75’s as well
#Market A slight miss this month. Market don’t care.
+156,000 non-farm jobs in August. June/July revised down a total of -41,000
Unemployment rate up one tick to 4.4%, after ticking down to 4.3% in July.
U6 unchanged at 8.6%, unchanged
Avg hourly earnings up +0.1%, worse than July +0.3% and June +0.2%
Labor Force Participation 62.9%, unchanged.
Options Bistro 