#SPXcampaign Bought to close $SPX Sep 15th 2500 calls for .25. Sold in the 2500/2525 call spreads for 3.45 on Aug 17th.
Sold Oct 13th 2540/2565 call spreads for 1.75.
Monthly Archives: September 2017
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close SVXY Sep 22 2017 45.0 Puts @ 0.01.
Originally sold on 08/10/17 at 1.65.
TSLA
#ShortStrangles – Same as NVDA. Instead of rolling the puts up I’m booking the whole thing at a decent profit and looking to re-sell more centered.
Bought to Close TSLA SEP 29 2017 300.0/400.0 Strangle @ 2.27 (sold for 4.20)
NVDA
#ShortStrangles – An upgrade to $250…wow. Booking the strangles while the call side still has some profit in it.
Bought to Close NVDA OCT 6 2017 150.0/185.0 Strangles @ 1.47 (sold for 2.75)
SQ Short Puts
#shortputs
$SQ STO 10/20 28 put @ 1.05 Thank you @jdietz1954 Been trying to buy stock and always missing my limit price. We will see what happens with these.
$AN #ShortPuts – Bought to…
$AN #ShortPuts – Bought to Close 1 AN OCT 20 2017 35.0 Put @ 0.05. Out a month early at minimum value.
Originally sold as a #FallingKnife trade on 04/03/2017 at 1.30.
EFX’ng Again
Yesterday’s Trade
$EFX BTO 9/15 100 Puts @ 4.20
$EFX STC 9/15 100 Puts @ 7.80
Try again today. Who wants to keep this stock over the weekend? I’ll find out.
$EFX BTO 9/15 95 put @ 2.30
Good luck to all today. So glad our Floridians are back in the fold in good shape.
SPX trades
#SPXcampaign $SPX
TODAY:
Closed Sep 15th 2480/2455 put spreads for .20. Sold in a #CondorRoll for 3.95 on Tuesday.
Closed Sep 29th 2340/2315 put spreads for .20. Sold for 1.55 on Aug 28th.
Sold Oct 13th 2420/2395 put spreads for 1.50.
Good morning
I am back. I got electrical power yesterday.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Oct 6 2017 55.0 Puts @ 0.39
$SVXY #CoveredCalls – I rolled…
$SVXY #CoveredCalls – I rolled part of a couple positions since I overwrote my long stock.
Bought to close SVXY Sep 15 2017 81.0 Calls/Sold SVXY Oct 6 2017 85.0 Calls @ 0.15 Credit.
Bought to close SVXY Sep 15 2017 82.0 Calls/Sold SVXY Oct 6 2017 87.0 Calls @ 0.15 Credit.
$SPX #SPXcampaign Taking another class…
$SPX #SPXcampaign Taking another class with Sheridan. Iron Condor class. Sold to open $SPX Oct 13th 2565/2545/2420/2400 for 2.50 with $SPX @ 2495.03. Filled shortly before the bell after making a small price adjustment down from 2.60. The very short term class was very interesting but I think I’m am not set up for that intensity. The longer term trades of 30-45 days may be a better fit. Time will tell.
$SQ #ShortPuts Sold to open…
$SQ #ShortPuts Sold to open Oct 20th 28 Put @ 0.95 when $SQ was at 28.59. I missed adding to my long stock position on the breakout today.
FXE
Just not much happening in the market so really not doing much right now. Did make one trade this morning.
BTO $FXE Sept 29 $133.50 calls @ $1.64, low risk entry point.
AAOI rollout
I thought these might go out of the money based on the action the last couple of days but today’s pullback makes that unlikely. Luckily, options on this stock roll very easily.
Rolled $AAOI Sep 15 60 puts down and out to Oct 20 55 puts for 2.00 credit.
For now I’m going to leave my 55 puts in place for tomorrow’s expiration but if there’s some more movement down I’ll roll those as well.
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close 1 UVXY Jan 18 2019 65.0 Call @ 9.80.
I still have others to cover but lightening up with UVXY near a new low.
Sold this one on 08/10/17 at 15.70
$TSCO #ShortPuts – Bought to…
$TSCO #ShortPuts – Bought to close TSCO Oct 20 2017 50 Puts @ 0.05.
Originally sold on 05/23/2017 @ 1.15 and again on 5/24 @ 1.75 as a #FallingKnife trade.
I’m out a month early at minimum value.
Rolled WDC this week 85…
Rolled WDC this week 85 calls to out 2 weeks 86 calls for 0.80 credit. Trying to hold on to my shares through dividend of 0.50 on 9/29 and the time value had dropped below the dividend.
After dividend I will let them be called away and restart put ladders
SVXY put rolls
BTC next week 50 put for 0.23 sold for 1.0
STO Dec 50 put for 1.87. Would not go through as a spread at a decent price. Anyone trading SVXY today the market makers are being extremely greedy and keeping the spreads wide so work them and may be better to do as separate orders than as a roll.
Rolled this week 70 put to 10/6 in a few different accounts for 1.12 and 1.23 credit.
STO Dec 55 put for 2.5 in IRA.
On a separate trade, here is the graph for 3 weeks SVXY #longcalldiagonals since moving the short strike up to 78.
$EQT #ShortPuts – Bought to…
$EQT #ShortPuts – Bought to close 1 EQT DEC 15 2017 40.0 Put @ 0.05
Originally sold on 06/21/2017 @ 1.15 as a #FallingKnife trade.
I’m out 3 months early at minimum value.
$EFX #News – While not…
$EFX #News – While not entirely surprising given the demands from politicians, The Hill reports that The Federal Trade Commission on Thursday announced that it had launched an investigation into the Equifax breach that left sensitive information for 143 million Americans exposed to hackers.
“The FTC typically does not comment on ongoing investigations,” FTC spokesman Peter Kaplan said in an email.
“However, in light of the intense public interest and the potential impact of this matter, I can confirm that FTC staff is investigating the Equifax data breach.”
It is extremely rare for the agency to publicly confirm an investigation.
As The Hill notes, Congress has also been scrutinizing the credit reporting agency. Multiple committees have announced hearings on the breach and on Wednesday the House Commerce Committee invited Equifax CEO Richard Smith to testify before on the company’s handling of the crisis.
Remember what happened when JPMorgan had to go before congress because of the London Whale losses. It was a golden opportunity to sell puts to motivated buyers. We should see a lot of negative news flow on $EFX this fall, but I smell opportunity if you stay far enough out of the money and trade small.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Sep 22 2017 60.0 Puts @ 0.20 with the stock at 84.70.
These expire in 6 days.
$EFX #ShortPuts #FallingKnife – Sold…
$EFX #ShortPuts #FallingKnife – Sold 1 EFX Oct 20 2017 65.0 Put @ 1.30 with the stock at 91.77
EFX
#ShortStrangles – Sold a naked put in the #IRA yesterday. Selling this in the regular account. Strikes slightly modified from TT this morning.
Sold 1 EFX OCT 20 2017 75.0/105.0 Strangle @ 5.40
$DUST #ShortPuts – Rolled some…
$DUST #ShortPuts – Rolled some deep in the money short puts out a few months.
Bought to close DUST Sep 15 2017 30.0 Puts/Sold DUST Nov 17 2017 29.0 Puts @ 0.30 Credit.
$DUST #CoveredCalls – Sold DUST…
$DUST #CoveredCalls – Sold DUST Sep 22 2017 25.0 Calls @ 0.30 with the stock at 22.68.
These expire in 6 days.
Bad Expiration/Short Puts/Early Closes
#optionsexpiration
$SPX 2490/2465 BECS Lost nearly three times premium received by failing to pull trigger.
#shortputs
$ALB STO 10/20 110/120 BUPS @ 1.50
$AAOI STO 9/29/55 puts @ 1.70 Thank you @jdietz1954 via @jeffcp66
#spxcampaign
$SPX STO 9/22 2450/2475 BUPS @ 2.15 Thank you @jeffcp66
Closed Early
$NFLX BTC 9/15 150/160 BUPS @ 96% profit
$AMZN BTC 9/15 950/960 BUPS @ .40 STO 8/4 for 3.05 and rode it down and up. Up better.
SVXY
Sosnoff buying 86/83 put spreads….wow. Need some luck for that to work.
$EFX #ShortPuts – Sold 1…
$EFX #ShortPuts #FallingKnife – with the stock at 100.50 –
Sold 1 EFX OCT 20 2017 75.0 Put @ 1.20
Sold 1 EFX Jan 19 2018 60.0 Put @ 1.20
Sold 1 EFX Apr 20 2018 60.0 Put @ 2.00
BBY stock sold
#Earnings #Assignment #LongStock
Sold more shares today at 57.50 and 58.50, assigned at 56.44 basis. Now that the full position is nicely profitable I put my remaining shares on trail stops of .50 and 1.00.
$AZO #ShortPuts – Bought to…
$AZO #ShortPuts – Bought to close AZO SEP 15 2017 480.0 Puts @ 0.05.
Originally sold at 2.30 & again at 3.50 after the #Earnings drop in May
$EFX #ShortPuts #Speculation – Sold…
$EFX #ShortPuts #Speculation – Sold EFX SEP 15 2017 90.0 Puts @ 0.70 with the stock at 102.60. These expire in 2 days.
Lowest available strike.
$AAOI #ShortPuts @Jeff Thanks for…
$AAOI #ShortPuts @Jeff Thanks for the reminder on this ticker. It looks to be basing. I sold to open the Sept 29th 55 Puts @ 1.70 with $AAOI @ 60.50.
AAOI closed
#PostEarnings #ShortPuts
Bought to close $AAOI Sep 15th 55 puts for .20. Sold for 1.25 on Aug 4th. Had I remembered this GTC order was in, I would have taken it off and let it expire worthless.
SPX trades
#SPXcampaign
Bought to close $SPX Sep 13th 2490/2465 put spreads for .20. Sold yesterday for 2.45
Sold to Open $SPX Sep 22nd 2475/2450 put spreads for 2.15.
Closing CBI
Taking this trade off for 75% of the premium over a month early.
Bought to close $CBI Oct 20 10 puts @ .10. Sold for .38 on 8/30.
UVXY
Final #LongPutDiagonals #SyntheticShort roll…
Rolled UVXY SEP 22 2017 29.0 Puts to OCT 20 2017 26.0 Puts @ .07 credit
$EFX #FallingKnife Sold $EFX Apr…
$EFX #FallingKnife
Sold $EFX Apr 20 2018 60 put @ 1.45. Lowest strike. I’ll add 1 contract at a time as the premium rises or lower strikes are added.
#xle btc @ 66.15 all…
#xle
btc @ 66.15 all out,giving up divi this Friday.
prob the reason 3 days on up swing.
out for small profit.
back to cash to start weekly straddles and csp selling.
bird in the hand etc…..
Continuing trade management on $REGN
Position had been adjusted to Sep 29 460/475 strangle. I just rolled the 460 puts out to Oct 20 for 4.20 credit. Leaving the Sep 29 475 calls for now.
$DUST #CoveredCalls – Sold DUST…
$DUST #CoveredCalls – Sold DUST Sep 22 2017 25.0 Calls @ 0.25 with the stock at 22.18.
Less that 8 trading days until expiration.
Rolling ITM
#VXXGame #LongPutDiagonals Most of us have long known the folly of selling puts on $VXX and $UVXY. It can work during volatile periods but as soon as market drifts higher, these go ITM very quickly. I’m rolling my diagonal weeklys to further dated but still ITM positions. The long term positions are fine, but as @fuzzballl says, these short-term puts won’t always be easy.
Rolled VXX Sep 22nd 45.5 puts to Oct 6th 44 puts for .02 credit
Rolled UVXY Sep 22nd 29 puts to Oct 6th 27.5 puts for .15 credit.
$AZO #ShortCalls – Sold 1…
$AZO #ShortCalls – Sold 1 AZO Sep 22 2017 660.0 Call @ 1.15.
Highest available strike price and the breakeven is above the top of the earning gap on 5/23.
$GWW #CoveredCalls – Sold 1…
$GWW #CoveredCalls – Sold 1 GWW OCT 20 2017 180.0 Call @ 1.80 with the stock at 166.80
$GWW #CoveredCalls – Sold 1…
$GWW #CoveredCalls – Sold 1 GWW OCT 20 2017 175.0 Call @ 3.10 with the stock at 166.65
$AZO #ShortCalls #OptionLadder – sold…
$AZO #ShortCalls #OptionLadder – sold these on this morning’s gap at 562.0 Paired with long term short Puts.
Sold AZO SEP 15 2017 580.0 Calls @ 0.40 – these expire Friday
Sold AZO SEP 22 2017 660.0 Calls @ 0.60
Sold AZO SEP 29 2017 660.0 Calls @ 0.90
VXX
Another #LongPutDiagonals #SyntheticShort roll of the front month sale. 2019 positions looking great…
Rolled VXX SEP 15 2017 45.0 Puts to VXX SEP 29 2017 43.5 Puts @ .25 credit
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close 1 UVXY Jan 18 2019 65.0 Call @ 10.90. Still have others to cover but lightening up with UVXY at a new low.
Sold this one on 08/10/17 at 14.50.
Pretty soon it will make more sense to add small lots of UVXY stock instead of covering these calls.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY Jan 19 2018 65.0 Call @ 3.90. Still have others to cover.
Sold this one on 08/09/17 at 8.00
NUGT
#LongPutDiagonals #IRA – Gonna go ahead and roll this now. 2019 #SyntheticShort looking good.
Rolled NUGT SEP 15 2017 40.5 Puts to SEP 29 2017 38.5 Puts @ even
#longcalldiagonals SVXY experiment week 4….
#longcalldiagonals SVXY experiment week 4.
The runaway train has my 76 call way ITM with only a few cents of time value left so rolled this week out to Oct 6 78 call for 0.50 credit. Probably need to roll it up to 90 but want to keep taking in credits and that was as close in time I could go and still take a decent credit.
Cost basis now 12.72 and 17.80 plus a few cents for commissions.
The profit graph is starting to look interesting now. No upside loss and my break even is now mid 60s. Will post later.
Open P/L $2063 in 4 weeks on 4.5 contracts so looks like this will work really well long term. Still have 60+ weeks for the trade to play out. Max risk is now none to upside and $1000 per contract to downside. Bring in another 2000 in premium and risk will be 0.
NYC Picnic I have been…
#SMMPicnic – The post below is from Jay over on SMM. No need to still be an SMM member.
NYC Picnic I have been posting about this for a few weeks. If you are interested in coming please get back to me so I can get an idea of how many of us there will be. Thanks below is my previous post
OT NYC Picnic – Oct 7th I think either at 12 or 1:00 in Strawberry fields Central Park – more direct info to follow – We usually meet up on 72nd street and Central Park West and walk in together. Please email me of your interest in going so we have a general idea of a head count if the weather is not good to move it indoors some where and so I have an email list for contacting you regarding the gathering. We have been very successful with these in the past and I think you will all enjoy meeting Dan and Gary and conversing with fellow traders and put a face to the names here. Please email me at aragorn555_2010@yahoo dot com.
Below is What Gary wrote previously
#NYC Picnic – SATURDAY, OCTOBER 7, 2017. Hey Team. We are all set for some fun in Central Park on Oct. 7, 2017. I’ll work with @Aragorn on specifics and let you know but we usually meet early afternoon and all bring lunch, lounge chairs, etc. So, SAVE THE DATE!!
Can’t wait to see all of you.
Off Topic
#IRMA – Offline all day as I slowly make my way south. Took a little time for some sightseeing today. I’m not necessarily a big college football fan but got a thrill today. Stopped in to snap a photo and ran into an Alabama fan. In spite of everything being closed we still found a way! LOL what a strange feeling in an empty stadium that must seat over 100k!
$MYL #CoveredCalls – Bought to…
$MYL #CoveredCalls – Bought to close MYL Oct 20 2017 45.0 Calls @ 0.01.
Originally sold on 04/26/17 at 0.65
Closing SIG
Bought to close $SIG Oct 20 45 puts @ .10. Sold for 1.25 on 5/12.
Closed Early/Long Puts/SPX Campaign
#closed
$SVXY BTC 9/15 75 put @ .20 STO 8/23 @ 3.60 Thank you volatility hunters
$FXI STC 1/19 35 call @ 9.50 BTO 3/6 @ 4.36
$AAPL BTC 9/15 140/150 BUPS @ 93% profit
$BABA BTC 9/15 140/155 BUPS @ 95% profit
$SPX BTC 9/13 2430/2455 BUPS @ .20 STO 8/31 @ 3.65 Thank you @jeffcp66 (hopefully downside warning will grab $SPX soon)
#longput
$EFX BTO 1/19/2018 120 puts @ 13.50 (OMM Trade) Seems sensible
#spxcampaign
$SPX STO 10/13 2560/2535 BECS @ 3.45 Thank you @jeffcp66
$UVXY #ShortCalls – Bough to…
$UVXY #ShortCalls – Bought to close 1 UVXY Dec 15 2017 65.0 Call @ 3.00 with UVXY at a new low.
Originally sold on 07/27/17 at 6.05, but I sold others all the way up to 13.60.
$UVXY
Following @optioniceman lead and taking some profits. Will reload on these on the next vol spike.
BTC Mar’18 $91 call @ $4.34, sold for $8.15
$AZO – it seems the…
$AZO – it seems the hurricanes have changed the prospects for the auto part stocks
SPX rolls
#SPXcampaign
Closed: Sep 18th 2495/2520 call spreads for 5.30. Sold in a #CondorRoll for 6.75 on Sep 1st.
#Rolling: Sold Sep 25th 2510/2535 call spreads for 3.50.
Selling Sep 22nd 2470/2445 put spreads for 2.50 (no fill yet)
Closed: Oct 6th 2520/2545 call spreads for 3.70. Sold for 1.70 on Sep 5th.
#CondorRoll: Sold Sep 15th 2455/2480/2505/2530 condors for 3.95. Trying to thread the needle for expiry on Friday.
$TGT #ShortPuts – Bought to…
$TGT #ShortPuts – Bought to close 1 TGT Oct 20 2017 45.0 Put @ 0.01.
Sold at 1.25 and I’m out a month early
$HES #ShortPuts – Bought to…
$HES #ShortPuts – Bought to close HES Sep 22 2017 34.0 Puts @ 0.01. They won’t trade any lower.
Originally sold at 0.53 on 8/21/17
$SVXY #CoveredCalls – Adding to…
$SVXY #CoveredCalls – Adding to my positions
Sold SVXY SEP 15 2017 82.0 Calls @ 1.02
Sold SVXY SEP 15 2017 82.5 Calls @ 0.85
Sold SVXY SEP 15 2017 83.0 Calls @ 0.62
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close 1 UVXY Mar 16 2018 60.0 Call @ 6.30.
My original sell price on this one was 12.30. One more of these left to go (sold at 14.00)
I’m also carrying short 82 call and short 91 calls as well.
Making this trade with the VIX at 10.29, so the timing is probably OK.
$SWN #ShortPuts – Bought to…
$SWN #ShortPuts – Bought to close SWN Sep 15 2017 6.0 Puts @ 0.24/0.22/0.20.
Originally sold at 0.56/0.53/0.49 in May 2017.
These are still in the money.
Closing NVDA strangle
Bought to close $NVDA Oct 6 150/185 strangle @ 1.22. Sold for 2.75 on 9/5. Thanks for the idea Fuzzy.
tt Research report for this week
http://tinyurl.com/yc5ld85f
$SVXY #ShortPuts #rollout Bought to…
$SVXY #ShortPuts #rollout Bought to close Sept 15th 80 Puts at 0.80 with $SVXY @ 81.86. Originally sold 8/24 for 11.36 off a roll. Taking Risk off.
SPX close and roll
#SPXcampaign I closed this yesterday afternoon and sold the roll this morning:
STOPPED: $SPX Oct 4th 2515/2540 call spreads for 3.60. Sold for 1.45 last Thursday.
#CondorRoll: Sold Oct 11th 2385/2410/2535/2560 condors for 3.75.
Also: In pre-market, sold Sept 13 2490/2465 put spreads for 2.45. Expires tomorrow.
REGN closed call
#ShortStrangles BTC $REGN 530 call for .20. Sold in the 430/530 strangle for 7.40 on Aug 23rd. My mistake was not closing the put during the rally above 500. I’m not going to roll the call down with the stock so low. If it rallies in the next week or so, I may sell a new call.
BBY stock for sale
#Earnings #Assignment #LongStock
Sold shares of $BBY for 56.50, and 56.75. Cost basis 56.44 from 57.5 put assignment on 9/1.
Covered Call premium not attractive enough to play with this one. I don’t trust the business either with Amazon devouring all retail in sight. Will sell out of remaining shares as it moves up or down from here.
SPX update
#SPXcampaign Rough day yesterday, not just because the market went against me but also because TOS has decided to crap out on my PC, freezing my trading at various points yesterday. Now I’ve got it up on my Mac and it’s running smoothly.
Too many stops and rolls to count yesterday. I’m weathering this drawdown as the last one… getting pretty short the market and holding it until we get a pullback. New all-time highs this morning and VIX plunging… I will be truing some short term put spreads as well as the rolls.
Any questions please forward them. I should post an updated chart tonight, but too many trades to type in here.
Anyone trading TQQQ or UPRO?…
Anyone trading TQQQ or UPRO? Triple bulls on the qqq and spy.
Good premiums and obviously they whip around a lot but that is the point.
May start another experiment with some of these if no one else trading. Possible ITM CC candidates or sell puts on weeklies then if assigned roll into CC with hope of getting called out.
My only concern is excessive volatility or a sustained down move. I guess then could set up a synthetic short if you were long the stock and buy a few extra puts or buy the inverse SQQQ or SDS.
Thoughts, anyone doing this already?
I tend to not follow any of the Gurus other than tastytrade but this is one chuck hughes is always selling covered calls on. a 4 DTE ATM options holds 1.50 of premium.
11 DTE is going for 2.50 mid point.
#OT @Fuzzball I hope you…
#OT @Fuzzball I hope you and all persons in Florida found safe harbor from Irma. My daughter and her beau and pupster bailed on Tallahassee Saturday afternoon getting in here at 2:30 AM Sunday. She showed me pictures of the grad students camped out in their offices at FSU. Things look better. I will hate to see her head back when she goes but it has been a blessing she was able to get here.
Closing Dec LRCX
Bought to close $LRCX Dec 15 125 put @ .90. Sold for 4.30 (thanks again @jsd501). Taking the 80% off more than 3 months early.
Options Bistro 