Same as the other..Possible Drops if it happens..
Daily Archives: Friday, September 8, 2017
Expired/Short Puts/SPX Campaign
#optionsexpiration
$SVXY 75 puts Thank you @hcgdavis
$MOMO 37 Puts
$SPX 2350/2375 BUPS Thank you @jeffcp66
#shortputs
$T STO 10/20 35 puts @ .75 Tasty Trade via @ramie77
#spxcampaign
$SPX STO 10/4 2540/2515 BECS @1.50
$SPX STO 9/18 2420/2445 BUPS @3.30 Thank you @jeffcp66
Pray for out Texans and Floridians especially dear Fuzzy.
SPX Chart…
Options Expiration for 9/8
$SVXY Sep 8 50 puts
$SVXY Sep 8 60 puts
$UVXY Sep 8 60 calls
$UVXY Sep 8 64 calls
If you’re anywhere near that monster Irma please stay safe. Hoping for some change in direction. There’s also that jerk Jose right on her heels.
$SVXY #ShortPuts #OptionLadder – watching…
$SVXY #ShortPuts #OptionLadder – watching my SVXY Sep 8 2017 76.0 Puts expire. Replacing them.
Sold SVXY Oct 6 2017 65.0 Puts @ 2.11.
$SVXY Sold to open Oct…
$SVXY Sold to open Oct 20th 60 Puts @ 2.20 when SVXY was at 76.76 around noon.
#OptionsExpiration I have none for this week as I closed all to take risk off. Have a very grand weekend and to all those in Florida and the south east coast please stay safe. My daughter is hunkering down in Tallahassee with a bunch of other grad students. Hurricane party weekend. Which might be better than trying to make the run to NC. Fuzzball, hope you got parked in a secure spot. Later
#OptionsExpiration #Weeklys #Sep8 – a…
#OptionsExpiration #Weeklys #Sep8 – a pretty calm expiration Friday. Too bad Oil stocks pulled back after rising all week. I would have liked to get rid of some HES stock.
Ending up long some DUST after many rolldowns but short a whole bunch of January Calls left over from the last big move up in the stock so I’m partially hedged already.
— Expirations —
HES (Weekly) Sep 8 2017 41 Calls (Covered)
HES (Weekly) Sep 8 2017 41.5 Calls (Covered)
SVXY (Weekly) Sep 8 2017 40 Puts
SVXY (Weekly) Sep 8 2017 45 Puts
SVXY (Weekly) Sep 8 2017 50 Puts
SVXY (Weekly) Sep 8 2017 55 Puts
SVXY (Weekly) Sep 8 2017 73 Puts
SVXY (Weekly) Sep 8 2017 75 Puts
SVXY (Weekly) Sep 8 2017 76 Puts
SVXY (Weekly) Sep 8 2017 82 Calls (Covered)
SVXY (Weekly) Sep 8 2017 83 Calls (Covered)
SVXY (Weekly) Sep 8 2017 84 Calls (Covered)
UVXY (Weekly) Sep 8 2017 27 Puts
UVXY (Weekly) Sep 8 2017 50 Calls
UVXY (Weekly) Sep 8 2017 60 Calls
UVXY (Weekly) Sep 8 2017 64 Calls
UVXY (Weekly) Sep 8 2017 65 Calls
UVXY (Weekly) Sep 8 2017 70 Calls
UVXY (Weekly) Sep 8 2017 75 Calls
UVXY (Weekly) Sep 8 2017 80 Calls
UVXY (Weekly) Sep 8 2017 85 Calls
UVXY (Weekly) Sep 8 2017 91 Calls
— Assignments —
DUST (Weekly) Sep 8 2017 29 Puts
DUST (Weekly) Sep 8 2017 33 Puts
$DUST #ShortPuts #Rolldown – too…
$DUST #ShortPuts #Rolldown – too bad the stock couldn’t hold above 20. Rolling down to avoid possible assignment.
Bought to close DUST Sep 8 2017 20.0 Puts/Sold DUST Sep 15 2017 18.5 Puts @ 0.05 Credit.
At least I made a bit of money on the puts I covered.
Options Expiration 9/8/17
#OptionsExpiration #Earnings #VXXGame #LongPutDiagonals
— Expiring —
RH 36 puts
UVXY 28 & 29 puts
To Bistro-ites in Florida… stay safe!
VXX Game
#VXXGame #LongPutDiagonals
Sold $VXX Sep 22nd 47 puts for 1.57
Sold $UVXY Sep 22nd 29 put for 1.59
BTC $SVXY Oct 20th 68 put for 3.85. Reducing exposure. Sold for 5.55 on Aug 23rd.
Expirations, Have a nice and safe weekend.
Only a few today. Next week is a larger one.
SVXY 50 puts, 55 puts, and 60 puts.
SPX going bearish
#SPXcampaign Making several moves to bear myself up.
Sold to Open $SPX Sep 13th 2465/2490 call spreads for 7.65. This is a spread I sold Tuesday, covered yesterday, and now I’m selling again. Sounds nuts, but I really look at opportunities on a day to day basis. Each day told me something different in this uncertain market. Other than the commissions, I have no qualms about appearing erratic at times.
#RiskReversal Bought put spreads in two different expiries and sold one call spread to cover cost of both (almost). They are all different widths, based on what I expect to be able to profit, and what premium I want to spend.
Bought to open Sep 15th 2420/2405 put spreads for 1.25 (15 puts)
Bought to open Sep 29th 2400/2380 put spreads for 1.90 (20 puts)
Sold to Open Sep 29th 2500/2525 call spreads for 2.75 (25 puts)
Correction ahead?
Wall Street strategist Tom Lee sees the S&P 500 falling 5% in the next 30 days
#Market I rarely post CNBC talking heads, but this guy is always sensible and rarely wrong.
https://www.cnbc.com/2017/09/08/fundstrat-strategist-tom-lee-sees-the-sp-500-falling-5-percent-in-the-next-30-days.html
$GE #ShortPuts #FallingKnife – Sold…
$GE #ShortPuts #FallingKnife – Sold GE Mar 16 2018 23 Puts @ 1.24
$T #ShortPuts #FallingKnife – Sold…
$T #ShortPuts #FallingKnife – Sold T Apr 20 2018 32 Puts @ 1.15
$DISCA #ShortPuts #FallingKnife – Sold…
$DISCA #ShortPuts #FallingKnife – Sold DISCA Jan 19 2018 20 Puts @ 1.25
SVXY synthetic week 3
Rolled the 75 calls this week up to 76 next week for 0.68 credit. Because I had rolled the 79 down to 75 earlier this week, not much profit this week, but still lowers the cos basis to 13.22 on the first batch and 18.30 on the second batch.
So basically reduce the cost basis by $2-3 each week by rolling the short options. That should create a risk free position in another 6-8 weeks, then any sales is pure profit and any long term appreciation will be icing on the cake all the way to Jan. 2019.
I cannot load the graph from my work computer but max profit next week would be $980 on 4 contracts if we close at 76. Seems like SVXY will be stuck between 70-80 for a while but will roll the short calls up any chance I get.
EWW
#ShortStrangles – Over sold these and it’s looking weak so booking a few…
Bought to Close EWW SEP 15 2017 55.0 Puts @ .24 (sold for .61)
NUGT
#LongPutDiagonals #SyntheticShortStock – Adding a position on NUGT similar to the UVXY and VXX positions.
—————
Synthetic short stock with disaster long calls (16.50 debit)
Sold NUGT JAN 18 2019 42.0 Calls
Bought NUGT JAN 18 2019 42.0 Puts
Long call for possible disasters capping potential losses:
Bought NUGT JAN 18 2019 47.0 Calls
Buying the disaster calls pretty close to help with margin requirements if she spikes with not much effect on long term gains.
—————
Weekly put sale against synthetic short stock to really boost the profits on this trade:
Sold NUGT SEP 15 2017 40.5 Puts @ .84
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$DUST #ShortPuts #Rolldown – A…
$DUST #ShortPuts #Rolldown – A bit of a bounce in DUST this morning so I rolled one of my positions.
Bought to close DUST Sep 8 2017 21.0 Puts/Sold DUST Sep 22 2017 20.0 Puts @ 0.12 Credit.
EFX puts
Sold $EFX Oct 20 90 puts @ 1.40 with the stock at 122.87. IV rank is 100.
#good morning all
#good morning all
Options Bistro 