$AMGN #ShortPuts – Bought to…

$AMGN #ShortPuts – Bought to close 1 AMGN Oct 20 2017 130.0 Put @ 0.01. It won’t trade any lower.
Originally sold on 05/11/2017 @ 1.35.
Also still short the Jan 115 Puts

#longcalldiagonals SVXY rolled 10/6 78…


SVXY rolled 10/6 78 put to extra week for 0.60 credit. I figure as long as I can roll each week for 0.50 or so will wait for roll up until we get a pull back, maybe someday.

Cost basis now 12.12 and 17.2 depending on lot.

The diagonals work on the high vol. products. Does not work as well for spy/qqq as it used to. Infact the leaps are priced with higher vol so hard to make up the theta decay by selling weeklies. Up 4k+ on 8k initial investment so 50% return in 6 weeks but this ticker I think it makes more sense just to go synthetic long on a vol. spike.

However this is an ongoing experiment so will continue it until the end but I may set up another batch on the next vol spike and see how the synthetic long without selling weeklies works.

Adding a little NUGT in Jan

Sold $NUGT 1/19/18 66 calls @ 1.15. Highest strike.

SPX trades

#SPXcampaign $SPX Took several stops today on put spreads but only rolled one of them. I am lightening up on positions since I will be traveling. Was caught in the head fake high and then the plunge, resulting in crappy trades for the Oct 27th standard spreads and the #ITMroll.

In chronological order from this morning:

Closed on GTC order: Oct 2nd 2425/2400 put spreads for .25. Sold for 1.70 on Sept 1st.
Sold Oct 27th 2415/2390 put spreads for 1.50.
Closed Oct 2nd 2475/2500 call spreads for 19.85. Sold for 19.00 last Monday.
Rolled to: Oct 9th 2470/2495 for 17.75 (dropped DOWN a strike and lost 2.10 – horrible timing)
Stopped Sept 27th 2490/2465 put spreads for 5.25. Sold Friday for 2.00.
Sold Oct 27th 2545/2570 call spreads for 1.70.
Stopped Oct 9th 2480/2455 put spreads for 4.25; rolled to:
#CondorRoll Sold Oct 16th 2380/2405/2530/2555 condors for 2.90 (1.5x position size)
Stopped Oct 6th 2475/2450 put spreads for 4.35. Sold for 2.60 on Friday.
Stopped Oct 4th 2475/2450 put spreads for 3.30. Sold in a #CondorRoll for 9.25 on Sep 15th.

UVXY proceeding slowly

Sold $UVXY Nov 17 70 calls @ 1.00


#401k #IRA – Going thru some long term positions that were more delta plays as opposed to theta. Clearing the decks just a little to make room for some #Earnings possibilities or the occasional #FallingKnife opportunity.

Bought to Close NVDA JAN 19 2018 110.0 Put @ .81 (sold for 2.50)
Bought to Close NVDA JAN 19 2018 120.0 Put @ 1.39 (sold for 4.25)

Bought to Close URI JAN 19 2018 75.0 Put @ .35 (sold for 2.30)
Bought to Close URI JAN 19 2018 80.0 Put @ .48 (sold for 3.10)
Bought to Close URI JAN 19 2018 85.0 Put @ .64 (sold for 4.20)

Bought to Close WDC JAN 19 2018 70.0 Put @ 1.43 (sold for 2.70)
Bought to Close WDC JAN 19 2018 75.0 Put @ 2.43 (sold for 3.95)

Bought to Close WYNN JAN 19 2018 100.0 Puts @ .62 (sold for 2.70)


#ShortPuts – Closed a lot of these last week. Coming back in with one but a little higher…

Sold 1 SVXY NOV 17 2017 65.0 Put @ 2.63