$CELG #ShortPuts – Bought to close 1 CELG OCT 20 2017 95.0 Put @ 0.01. It won’t trade any lower.
$ZGNX #ShortStrangles – Sold ZGNX OCT 20 2017 3.0 Puts/31.0 Calls @ 1.65 Credit with the stock at 13.35.
It’s been a long time since I played one of these small biotech binary events.
#T and TLT
sto T , Oct 6, 38.50@.50 put ,if assigned get divi then cc…if not,no problem
sto TLT sept 29 126.50 and 126 put @.52 , if assigned then cc…if not,no problem
$SVXY #ShortPuts Finished off the chain in my Roth. Sold to open Oct 27th 65 Puts @ 1.15 with $SVXY at 89.97. Not a great entry. I blame it on chores.
Bought to close $DRIP Nov 17 40 calls @ .05. Sold for 2.00 on 8/29.
I only have 2 positions left in this. Dec 35 and 40 calls. It’s been a great run for a few months but if the bear market in oil is really over then we may be done with this one for a while.
This was traded at TT, looked it up, a 1 drug(childhood epilepsy) bio with huge premium. A $13 stock price, an Oct. straddle goes for about 12. The company reports phase 3 results any day now. The TT trade is a 4/9/26/31 IC for 3.90.
Intercontinental Exchange (NYSE:ICE) announces the launch of the NYSE Fang+TM Index (NYFANG) with futures contracts available November 8.