Closed Early
#spxcampaign
$SPX BTC 9/29 2315/2340 BUPS @ .10 STO 8/29 @ 1.65
$SPX BTC 9/22 2500/2475 BECS @ 21.00 STO 8/29 @ 5.20 Getting a little faster
#longcalls
$WYNN BTO 10/20 143/148 BUCS @ 2.95 Experimenting on buying a BUCS in the money on a stock I expect to go up AND the BUPS returns not too exciting.
#shortputs
$AMZN STO 10/20 900/920 BUPS @ 2.50
#VIXIndicator Well with a close finally below the 78.6% line, the Downside warning that started on Sept 5th is finally canceled. In the “correctionless” last 20 months, the Indicator has become more lagging than ever, so not sure what to make of it.
Sold Nov 17 30 puts (lowest strike) @ 1.20 with the stock at 63.72. Kind of surprised at the premium down here but I’ll gladly take the stock at 28.80 in November if it gets cut by more than half by then.
$VIX – below the morning low at 9.67. Nothing to do here that I can see.
I did not catch the top of the vol spike
BTO Oct 6 $FXE $113.5 calls @ $1.58
STO Sep 29 $VXX $45 calls @ $.52
STO Sep 29 $VXX $47.5 calls @ $.32
BTO Sep 22 $VXX $42.5 puts @ $1.62, just for something new
BTO Sep 29 $VXX $44 puts @ $3.43
STO Sep 22 $UVXY $25 calls @ $.37
STO Sep 29 $UVXY $31.5 calls @ $.40
Put a little money to work, all of these are small positions
Bought to close $DRIP Oct 20 35 calls @ .05. Sold for 1.60 on 8/3.
Remaining positions: Short Nov 40 calls, Dec 35 and 40 calls.
$NUGT #ShortPuts – Sold NUGT Oct 27 2017 25.0 Puts @ 0.57.
Having difficulties getting any DUST Calls sold, so going a different way. And these options trade in 1 penny increments.
#ContangoETFs Sold $DUST Dec 35 call for 1.25. My first new position in DUST since early July.
#SPXcampaign
Closed on GTC order: $SPX Sep 22nd 2475/2450 put spreads for .40. Sold for 2.15 on Sep 13th.
#ITMroll Closed Sep 27th 2470/2495 call spreads for 21.70. Sold for 16.50 on Sep 11th.
Order in to sell Oct 4th 2745/2500 for 21.85… or whatever I can get before the close.
Sold to Open Sep 22nd 2505/2480 put spreads for 4.90. This is sold against the 2505/2530 call spreads, creating an #IronButterfly for Friday expiration. I will close whichever side I need to on Friday (unless we have a major move in either direction)
#Earnings #LongStock #CoveredCalls
This stinker cannot get back above 80. Was assigned stock back in July.
Sold $HCA Nov 17th 82.5 call for 1.05.
/NQ/qqq finally rolling over on shorter time frames. Will it drag the rest of the market? Will we get some volatility 🙂 hope so but will know in 20 minutes. I have a feeling that if there is no change from the fed likely going higher again, but I am too chicken at the moment to trade it. Will wait on the news……….
#ShortStrangles – Busy week away from the market but one fill today. Had this just for a trade going for 50 percent of max.
Bought to Close EFX OCT 20 2017 75.0/105.0 Strangle @ 2.70 (sold for 5.40)
$GWW – Finally breaking out of it’s 2 month trading box. No longer a #FallingKnife
$VIX Futures – Why traders think selling Volatility works:
Only 6,000 September VX calls didn’t go bust.
Over 4.8 million worth ZERO.
#NoFedFear – the VIX hit a new monthly low of 9.83 this morning.
Options Bistro 