#OptionsExpiration $SVXY 85 Call Assigned. Letting my stock go. Back to sans stock.
Have a great weekend all.
Daily Archives: Friday, September 29, 2017
#OptionsExpiration #Weeklys #Sep29 – It’s…
#OptionsExpiration #Weeklys #Sep29 – It’s the end of the third quarter and nothing is going on. I did let a couple of lots of $SVXY go very near the all time high.
Record $VIX lows for September means I’m not putting on new trades.
I guess I’ll wait for earnings season.
— Expirations —
AZO (Weekly) Sep 29 2017 660 Calls
NUGT (Weekly) Sep 29 2017 30 Puts
UVXY (Weekly) Sep 29 2017 91 Calls
— Assigned —
SVXY (Weekly) Sep 29 2017 89 Calls (Covered)
SVXY (Weekly) Sep 29 2017 91.5 Calls (Covered)
$SVXY #CoveredCalls- At various times…
$SVXY #CoveredCalls- At various times during the day I rolled most of my calls
Bought to close SVXY SEP 29 2017 86.5 Calls/Sold SVXY OCT 13 2017 89.0 Calls @ 0.12 Credit
Bought to close SVXY SEP 29 2017 87.5 Calls/Sold SVXY OCT 13 2017 90.0 Calls @ 0.21 Credit
Bought to close SVXY SEP 29 2017 88.5 Calls/Sold SVXY OCT 13 2017 91.0 Calls @ 0.15 Credit
FYI: CNBC “The Fed: POTUS…
FYI: CNBC “The Fed: POTUS says he will make Fed chair decision in the next 2 to 3 weeks.” …a developing story.
No expiry for me, have good weekends, all.
#optionladder BTC XBI 10/20 78…
BTC XBI 10/20 78 put for 0.16. Sold for 0.94. No point in leaving the risk for $16 in theta over 21 days.
Sometime the market gods giveth, sometimes they taketh away. No point in tempting the market gods!
Apparently the SPX and SVXY only go up forever although the charts are starting to look like 2000 and 2008 so there may be a lot of irrational exuberance. So my SVXY 78 call (14 DTE) which I just rolled last week is still DITM and the time value was down to 0.12 so rolled to 28 DTE 78 for 1.15 credit. Brings cost basis down to 10.97 and 16.05 depending on lot.
Now profit is $5312 in 7 weeks on 4 contracts and I am not complaining but if I had not sold the short calls and just did the synthetic long with the protective put would be up 7k+.
I will try to roll it up if we ever get a pullback but right now so far ITM hard to roll it up for a credit unless I go way out in time.
Maybe better just to sell puts on this one and take assignment to go long or start a synthetic long on a volatility spike. Will keep the experiment going, there are still 68 weeks left for it to play out but the first 7 weeks are promising!
I am done paying for option services but Fishback just made their high accuracy options DVD available for $99. Usually sells for $2000. I doubt there is anything earth shattering in it, but they had 300% returns confirmed last year so for $99 I think it is worth taking a look. I will get it and if I discover anything new pass it along. Tripling an account in 1 year would certainly help anyone’s bottom line and I believe that included about 5 losses, not sure if it went full loss or they closed it early or were able to roll it and that is what I am interested in. I think they stick with SPY and QQQ.
If any
Closing BBY
Continuing to lighten up on mostly profitable positions.
Taking $BBY Oct positions off for most of the max profit.
Bought to close:
$BBY Oct 20 52.50 puts @ .23 (sold for 1.46 on 8/29)
$BBY Oct 20 50.00 puts @ .08 (sold for 1.00 on 8/29)
Closing TSN
Bought to close $TSN Jan 19 2018 47 puts @ .05. Sold for 1.15 on 5/10.
UAA
#CoveredCalls -What a dog…just gotta keep chipping away at it.
Sold UAA APR 20 2018 22.5 Calls @ .40
REGN
#ShortPuts – Nice bounce today. Instead of rolling my 470 put I’ll be taking stock at a basis of 447 covered with an Oct 460 call sold early a couple weeks ago. Wild swings in this thing! Earnings estimated to be Nov 3rd…
ISRG
https://www.fool.com/investing/2017/08/20/intuitive-surgical-stock-split-everything-you-need.aspx
SVXY
#CoveredCalls – Keeping a little stock for at least a couple more weeks…
Rolled SVXY SEP 29 2017 91.5 Calls to OCT 13 2017 93.0 Calls @ 1.73
AAPL
#LongCallDiagonals #SyntheticStock -Yesterday…been waiting for some sort of a pullback to get in this long term Whiz style. With the 2020 Leaps now available and the stock dropping a little I put on a starter position at one third size. Hoping to get some chances to add…possibly closer to the 200ma.
Bought to Open AAPL JAN 17 2020 155.0 strike #SyntheticStock (buy the calls and sell the puts)
Bought to Open AAPL JAN 17 2020 145.0 Put for disasters (I would take put profits and add to the long position)
Net debit of 19.20 for the Jan 2020 position.
Sold AAPL OCT 6 2017 155.0 Calls @ .95
With 120 weeks to run only need to sell .16 per week to cover the cost. Any more than that goes to the bottom line even if AAPL goes nowhere. Worse case scenario would be they discover iPhones cause cancer and the stock goes to zero. Max loss at that point would be 29.20. To offset that scenario a weekly sale of .24 will be needed.
Edited for clarity of synthetic stock…
VXX
#LongPutDiagonals – Yesterday…
Rolled VXX SEP 29 2017 43.5 Puts to OCT 20 2017 42.0 Puts @ .22 credit
$UVXY #ShortCalls – #ClassicVXXGame -…
$UVXY #ShortCalls – #ClassicVXXGame – Bought to close 1 UVXY Jan 18 2019 65.0 Call @ 7.50
Originally sold on 08/10/17 @ 20.00
I only have 1 more of these left, plus some strike 75’s as well.
WYNN
#ShortStrangles – Still rolling around collecting premium for eventually taking some stock. Rolled short calls up and out and selling aggressive weekly puts…
Bought to Close WYNN SEP 29 2017 145.0 Puts @ .01 (sold for 2.15)
Sold WYNN OCT 6 2017 152.5 Puts @ 4.65
Spending a little of the weekly premium to roll the ITM calls…
Rolled WYNN SEP 29 2017 127.0 Calls to NOV 17 2017 130.0 Calls @ 1.68 debit
TAP
#ShortPuts #IRA – Thanks @Iceman !
Sold TAP Jan 19 2018 77.5 Put @ 2.05
Sold TAP Jan 19 2018 75.0 Put @ 1.42
Sold TAP Apr 20 2018 75.0 Put @ 2.64
Sold TAP Apr 20 2018 70.0 Put @ 1.53
Volatility
According to the WSJ, this September is the least volatile for the S&P 500 since 1951 or about 66 years.
SPX trades
#SPXcampaign. $SPX.
Yesterday,
Closed on GTC order: SPX Sep 29th 2475/2450 put spreads for .20. Sold for 1.65 on Sep 21st.
Sold half of long position: STC Sep 29th 2515/2530 call spreads for 1.50. Bought for 2.00 last Friday.
Lottery ticket crash trade: Bought Oct 6th 2400/2375 put spreads for .20.
Today:
Closed Oct 6th 2485/2510 call spreads for 19.30. Sold last Friday for 16.50.
#ITMroll. Selling Oct 13th 2490/2515 call spreads, not filled yet.
Sold Oct 27th 2560/2585 call spreads for 1.50
New VIX low and all-time…
New VIX low and all-time SPX highs
Options Bistro 