#spxcampaign
$SPX STO 10/6 2330/2355 BUPS @ 1.55 Thank you @jeffcp66
$SPX STO 9/13 2490/2465 @ 6.80 Thank you @jeffcp66
Closed Early (Losses were much higher on Friday – I need the sleep)
$BIDU 9/15 240/230 BECS @ 5% profit
$NVDA 9/15 175/165 BECS @ 68% loss of original credit
$SPX 9/15 2505/2480 BECS @ 31% Profit
$NUGT #ShortCalls – Sold NUGT 25/100 DEC 15 2017 16.0 Calls @ 0.62
$ALXN #ShortPuts – Bought to close ALXN Nov 17 2017 70.0 Puts @ 0.05.
They won’t trade any lower and I’m out 73 days early.
This former #FallingKnife trade was sold on 05/24/2017 @ 1.60.
$UVXY #ShortStrangles – Sold UVXY Sep 15 2017 25/50 Strangles @ 1.04
$NUGT #ShortCalls – Sold NUGT 25/100 Jan 19 2018 18.0 Calls @ 0.62. Equivalent strike price is 72.0
$SPX Sold this morning Iron Condor Sept 29th 2570/2550/2360/2340 for $1.25 with $SPX @ 2468. Trying to get back into this.
STO January 2019 30 puts @4.40, starting to scale some positions in at levels I want to own these.
#SPXcampaign Sold to Open $SPX Oct 6th 2520/2545 call spreads for 1.70.
STO January 30 puts @1.25, starting to replace some puts.
#ShortStrangles – Nice volatility pop today so feel like I have to sell a new position. Diving back into one of my favorites. Selling well before next earnings…
Sold NVDA OCT 6 2017 150.0/185.0 Strangles @ 2.75
#SPXcampaign Bought to close $SPX Sep 18th 2455/2430 put spreads for 7.65. Sold in a #CondorRoll for 6.75 on Friday.
#ReverseRoll Sold Sep 18th 2465/2490 call spreads for 8.00.
#LongPutDiagonals – I like @hcgdavis ‘s rolling idea. Going pretty aggressive here since North Korea probably not going away any time soon. Took awhile but finally filled on all of them.
Rolled VXX SEP 15 2017 45.0 Puts to SEP 15 2017 47.5 Puts @ .80 credit (total credit now 1.95 on these)
#shortputs #rollout
Rolled out 45 days and down 15 points: BTC $SVXY Sep 15 65 put @ 1.55, STO Aug 9 @ 2.04; STO $SVXY Oct 50 put @ 1.64.
Rolled the 79 call this week down to 75 for 1.05 credit. Brings the cost basis of the second batch down to 18.98 from 20.03.
With the VIX hovering 12-15 now and looking like it will stay there for a while keeping SVXY between 70-80 may have some good weekly premium to collect.
If we break down below 65 on SVXY will back ratio the 70/60 put spread to get some directional deltas.
#ShortCalls #VXXGame – Top of the ladder starting to get taken out…
Bought to Close SVXY JAN 19 2018 127.5 Calls @ .20 (sold for 1.27 split adjusted)
Bought to Close SVXY JAN 19 2018 130.0 Calls @ .20 (sold for 1.60 split adjusted)
Was looking for a good opportunity to roll this in the money short put in Sep to Oct but but with the big move down in the stock today there’s no premium there. I decided to go out to Nov.
Rolled $CMG Sep 15 355 puts out to Nov 17 355 puts for 2.80 credit. A little more to continue to reducing basis on this trade.
Sold $UVXY Mar 16 2018 91 call @ 7.00. Highest strike. Premium is higher now.
#VXXGame
#SPXcampaign Bought to close $SPX Sep 13th 2455/2430 put spreads for 6.60. Sold for 4.70 last Thursday as a roll.
#ReverseRoll: Sold $SPX Sep 13th 2465/2490 call spreads for 6.75. Was able to move up 10 points and still get a credit on the roll.
I didn’t have anything on in November so I’m starting an initial position at the highest strike.
Sold $UVXY Nov 17 80 call @ 3.20.
#VXXGame
#VIXIndicator — Downside warning is in effect.
That was quick.
#SPXcampaign #VIXIndicator It is a rare occurrence for a new downside signal to fire so soon after a previous Warning was canceled, but it just happened today. If VIX reaches 13.26, we’ll have a full-fledged Downside Warning.
BTC all my short call positions to reduce risk and free up more cash. They were only six positions and only 1 contract per expiration. I made a small amount of money on these. Nothing to write home about.
$DO #ShortPuts – Bought to Close DO SEP 15 2017 12.5 Puts @ 0.43.
Since this stock was at 10.31 just two weeks ago, this seems like a prudent time to take a nice gain.
Originally sold on 05/03/2017 @ 1.04 and then added on 08/21/2017 @ 2.24.
The timing of the 2nd sale made this a really nice gain.
#ContangoETFs Sold $NUGT Mar 16 2018 60 call for 5.50. Highest strike.
#t
btc on gtc t, jan 19 35 call @ 3.5 had sold for 4.35
at open had tried at close Friday and forgot to take off.
#ShortCalls – Booking these with quick profits and taking some risk off…
Bought to Close UVXY DEC 15 2017 91.0 Call @ 3.27 (sold for 6.00)
Bought to Close UVXY JAN 19 2018 91.0 Call @ 4.35 (sold for 7.20)
#PerpetualRollingStrangles – This week’s 124.5s are looking good so adding a new position a couple weeks out…
Sold GLD SEP 22 2017 125.5 Puts @ .85
$DO #ShortPuts – Bought to close DO Sep 15 2017 10.0 Puts @ 0.01. They won’t trade any lower.
Originally sold on 05/30/2017 @ 0.47
#VXXgame #LongPuts
Added some more to Friday’s $VXX position and also threw out a few different strikes. These are just straight purchases, not paid for by selling call spreads.
Bought VXX Jan 2019 20 puts for 1.75, adding to my position.
Bought VXX Jan 2019 15 puts for .60
Bought VXX June 2018 25 put for 1.32
Will add more. Barring a 2008-style multi-month correction, these will profit easily.
#Earnings BTC $SRPT Sep 15th 35 put for .20. Sold for 1.20 on July 27th. Overall a losing trade from the original iron condor, since I took a loss on half at expiration. The second half fared better by covering the short stock at lower prices, but not enough to make up for the first half.
#Earnings #Assignment #LongStock
Sold to close one-fourth of my $PLCE stock position at 108.50. Assigned on Aug 11th with 108.00 cost basis. Holding the rest with #CoveredCalls already established.
$SVXY #ShortPuts – Bought to close SVXY Sep 8 2017 45.0 Puts @ 0.01. Removing some tail risk from this account.
Originally sold on 08/10/2017 @ 1.09
$UVXY #ShortPuts – Bought to close UVXY Sep 8 2017 25.0 Puts @ 0.01. They won’t trade any lower.
I don’t often sell UVXY Puts but sold these on 8/16/17 @ 0.93
#SPXcampaign Sold to Open $SPX Oct 6th 2355/2330 put spreads for 1.55.
$NOV #LongStock – Unwinding a put assignment from the August expiration.
Sold NOV @ 31.19. Was assigned at 31.0 less a 0.45 puts premium
$NUGT #ShortCalls – Sold NUGT 25/100 Jan 19 2018 17.0 Calls @ 0.62. Equivalent strike price is 68.0
ending this Friday spx expected range.
Options Bistro 