$SVXY #ShortPuts This morning rolled my Covered Sept 15th 85 Calls out to Sept 29th 85 Calls for 1.35 credit.
Monthly Archives: September 2017
$SPX #SpxCampaign Afternoon all. This…
$SPX #SpxCampaign Afternoon all. This morning I opened an Oct 06th 2525/2545/2370/2350 Iron Condor for 2.10 credit when SPX was at 2480.81. I closed the 2340/2360 remaining Put side of the Sept 29th IC for 0.45.
VXX puts
#VXXGame #LongPutDiagonals
Sold $VXX Sept 22nd 44 puts for .73. Also short 47 and 45.5 puts. If rally continues tomorrow I will be looking to roll.
EFX
NUGT #shortcalls BTC Sept 15…
NUGT #shortcalls
BTC Sept 15 $35 call for $6.15, sold 8/28 for $3.55 early this morning . . . should have waited as prices fell fast, now $3.80 heck!
UVXY #shortcalls BTC Sept 15…
UVXY #shortcalls
BTC Sept 15 $32 call for 0.30, sold last Friday for $2.06
DUST
buy at $21.25
trying to roll Sept 15 $19 call to Sept 22 $23 put for even money.
$UVXY #ShortCall – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY Sep 15 2017 68.0 Call @ 0.01.
Originally sold on 08/10/2017 at 4.37.
Only in this trade 30 days.
$URBN #ShortPuts – Bought to…
$URBN #ShortPuts – Bought to close 1 URBN Sep 15 2017 20.0 Put @ 0.05.
It won’t trade any lower.
Originally sold on 03/08/2017 at 1.20.
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close 1 UVXY Jan 19 2018 65.0 Call @ 4.90. This is the first of many of these that I am covering. My average sell price is around 11.00.
I’m also carrying short 82 call and short 91 calls as well.
Making this trade with the VIX at 10.51, so the timing is probably OK.
$WDC
I’ve been doing one of Fuzzball’s “whiz” trades on $WDC… several weeks ago bought the Jan’19 67.5 call + sold the Jan’19 67.5 put + bought the Jan’19 62.5 put, the combo cost 22.50 at the time. Today I sold the WDC Sep22 90 call for 1.00. I am also short the 90 call for this week, sold last week for 0.91. I’m only trading 2 contracts (one per week), trying to get the hang of it all. So far it has been really easy to roll, the weekly premium seems decent. The stock has however seen some volatility recently as WDC is attempting to buy Toahiba’s chip unit. Just putting this out there as an idea, working well for me so far… y’all let me know what you think!
$SVXY #CoveredCalls – Adding to…
$SVXY #CoveredCalls – Adding to my positions
Sold SVXY SEP 15 2017 81.0 Calls @ 1.33
Sold SVXY SEP 15 2017 82.0 Calls @ 0.83
Sold SVXY SEP 15 2017 82.5 Calls @ 0.59
XBI ladder
rolled18 dte 76 put to 39 dte 78 put for 0.74 credit. Sold for 0.99 and it was down to 0.19.
@fuzzballl and @jsd501 you guys make it through the storm ok?
Closing $RH
Taking this off for 80+% of the potential profit.
Bought to close $RH Sep 15 75 calls @ .25. Sold for 1.50 on 9.7.
REGN adjustment
Rolled the 530 call (from the 9/29 460/530 strangle) down to 475 (22 delta) for 3.43 credit. Original trade was the 430/530 call. With rollups/rolldowns the remaining position is 9/29 460/475 strangle with the stock at 449.19. Breakeven on the downside is now 445.36.
#spxcampaign sto oct 11 2530/2550…
sto oct 11 2530/2550 call 1.70
sto oct 13 2535/2560 call 1.75
sto oct 11 2530/2550 call 1.60
20 spread giving 25 spread price and also some strikes not available.
VXX
#LongPutDiagonals – Trying not to let the weeklies get in too much trouble. Closing a batch at breakeven and selling more a little lower. Staying in this week…
Bought to Close VXX SEP 15 2017 47.5 Puts @ 1.95 (sold for 1.95)
Sold VXX SEP 15 2017 45.0 Puts @ .36
$UAA #ShortPuts – Bought to…
$UAA #ShortPuts – Bought to close UAA SEP 15 2017 17.5 Puts @ 0.31. Originally sold @ 0.66.
$HP #ShortPuts – Bought to…
$HP #ShortPuts – Bought to close 1 HP SEP 15 2017 45.0 Put @ 0.45. Originally sold at 1.25.
Still short December 40 puts.
$UVXY #ShortPuts – Bought to…
$UVXY #ShortPuts – Bought to close UVXY SEP 15 2017 25.0 Puts @ 0.01. This is the last of my puts on this stock.
$FLR #ShortPuts – Bought to…
$FLR #ShortPuts – Bought to close FLR SEP 29 2017 35.0 Puts @ 0.05. They won’t trade any lower.
Still 3 weeks until expiration.
Sold on 08/21/2017 at 0.60.
SPX calls sold
#SPXcampaign Sold to Open $SPX Oct 13th 2535/2560 call spreads for 1.50.
Two weekends in a row I got caught on the wrong side. Leaned bearish going into the weekend. It was NOT an Irma bet… I feel the market is still weak. But it seems weekend news (Korea then Irma) is highly influencing Monday action.
$SVXY #CoveredCalls – Re-selling covered…
$SVXY #CoveredCalls – Re-selling covered calls to replace positions that expired Friday with the stock at 79.40.
Sold SVXY SEP 15 2017 81.0 Calls @ 1.10
Sold SVXY SEP 15 2017 82.0 Calls @ 0.60
Sold SVXY SEP 15 2017 82.5 Calls @ 0.48
$HES #CoveredCalls – Sold HES…
$HES #CoveredCalls – Sold HES SEP 15 2017 41.5 Calls @ 0.20 with the stock at 40.31. These expire Friday
Econ Calendar for week of 9/11/17
#spxexpectedmove ending this Friday
ending this Friday
SPX Chart and VIX Indicator…
SPX Chart and VIX Indicator have been updated
OptionsExpiration
Hey gang, I was away from the market most of last week. Here’s what I had expire on Friday.
SVXY $55 puts
SVXY $67 puts
UVXY $38 calls
UVXY $40 calls
UVXY $75 calls
BTC $PETS Sept 15 $25 puts @ $.05, sold for $0.50
@jsd501 ….
Let us know how you’re doing if you see this…
I keep moving west. In a little town called Chipley Florida now. Hopefully that’s far enough. Good luck!!
Same as the other..Possible Drops…
Same as the other..Possible Drops if it happens..
Expired/Short Puts/SPX Campaign
#optionsexpiration
$SVXY 75 puts Thank you @hcgdavis
$MOMO 37 Puts
$SPX 2350/2375 BUPS Thank you @jeffcp66
#shortputs
$T STO 10/20 35 puts @ .75 Tasty Trade via @ramie77
#spxcampaign
$SPX STO 10/4 2540/2515 BECS @1.50
$SPX STO 9/18 2420/2445 BUPS @3.30 Thank you @jeffcp66
Pray for out Texans and Floridians especially dear Fuzzy.
SPX Chart…
Options Expiration for 9/8
$SVXY Sep 8 50 puts
$SVXY Sep 8 60 puts
$UVXY Sep 8 60 calls
$UVXY Sep 8 64 calls
If you’re anywhere near that monster Irma please stay safe. Hoping for some change in direction. There’s also that jerk Jose right on her heels.
$SVXY #ShortPuts #OptionLadder – watching…
$SVXY #ShortPuts #OptionLadder – watching my SVXY Sep 8 2017 76.0 Puts expire. Replacing them.
Sold SVXY Oct 6 2017 65.0 Puts @ 2.11.
$SVXY Sold to open Oct…
$SVXY Sold to open Oct 20th 60 Puts @ 2.20 when SVXY was at 76.76 around noon.
#OptionsExpiration I have none for this week as I closed all to take risk off. Have a very grand weekend and to all those in Florida and the south east coast please stay safe. My daughter is hunkering down in Tallahassee with a bunch of other grad students. Hurricane party weekend. Which might be better than trying to make the run to NC. Fuzzball, hope you got parked in a secure spot. Later
#OptionsExpiration #Weeklys #Sep8 – a…
#OptionsExpiration #Weeklys #Sep8 – a pretty calm expiration Friday. Too bad Oil stocks pulled back after rising all week. I would have liked to get rid of some HES stock.
Ending up long some DUST after many rolldowns but short a whole bunch of January Calls left over from the last big move up in the stock so I’m partially hedged already.
— Expirations —
HES (Weekly) Sep 8 2017 41 Calls (Covered)
HES (Weekly) Sep 8 2017 41.5 Calls (Covered)
SVXY (Weekly) Sep 8 2017 40 Puts
SVXY (Weekly) Sep 8 2017 45 Puts
SVXY (Weekly) Sep 8 2017 50 Puts
SVXY (Weekly) Sep 8 2017 55 Puts
SVXY (Weekly) Sep 8 2017 73 Puts
SVXY (Weekly) Sep 8 2017 75 Puts
SVXY (Weekly) Sep 8 2017 76 Puts
SVXY (Weekly) Sep 8 2017 82 Calls (Covered)
SVXY (Weekly) Sep 8 2017 83 Calls (Covered)
SVXY (Weekly) Sep 8 2017 84 Calls (Covered)
UVXY (Weekly) Sep 8 2017 27 Puts
UVXY (Weekly) Sep 8 2017 50 Calls
UVXY (Weekly) Sep 8 2017 60 Calls
UVXY (Weekly) Sep 8 2017 64 Calls
UVXY (Weekly) Sep 8 2017 65 Calls
UVXY (Weekly) Sep 8 2017 70 Calls
UVXY (Weekly) Sep 8 2017 75 Calls
UVXY (Weekly) Sep 8 2017 80 Calls
UVXY (Weekly) Sep 8 2017 85 Calls
UVXY (Weekly) Sep 8 2017 91 Calls
— Assignments —
DUST (Weekly) Sep 8 2017 29 Puts
DUST (Weekly) Sep 8 2017 33 Puts
$DUST #ShortPuts #Rolldown – too…
$DUST #ShortPuts #Rolldown – too bad the stock couldn’t hold above 20. Rolling down to avoid possible assignment.
Bought to close DUST Sep 8 2017 20.0 Puts/Sold DUST Sep 15 2017 18.5 Puts @ 0.05 Credit.
At least I made a bit of money on the puts I covered.
Options Expiration 9/8/17
#OptionsExpiration #Earnings #VXXGame #LongPutDiagonals
— Expiring —
RH 36 puts
UVXY 28 & 29 puts
To Bistro-ites in Florida… stay safe!
VXX Game
#VXXGame #LongPutDiagonals
Sold $VXX Sep 22nd 47 puts for 1.57
Sold $UVXY Sep 22nd 29 put for 1.59
BTC $SVXY Oct 20th 68 put for 3.85. Reducing exposure. Sold for 5.55 on Aug 23rd.
Expirations, Have a nice and safe weekend.
Only a few today. Next week is a larger one.
SVXY 50 puts, 55 puts, and 60 puts.
SPX going bearish
#SPXcampaign Making several moves to bear myself up.
Sold to Open $SPX Sep 13th 2465/2490 call spreads for 7.65. This is a spread I sold Tuesday, covered yesterday, and now I’m selling again. Sounds nuts, but I really look at opportunities on a day to day basis. Each day told me something different in this uncertain market. Other than the commissions, I have no qualms about appearing erratic at times.
#RiskReversal Bought put spreads in two different expiries and sold one call spread to cover cost of both (almost). They are all different widths, based on what I expect to be able to profit, and what premium I want to spend.
Bought to open Sep 15th 2420/2405 put spreads for 1.25 (15 puts)
Bought to open Sep 29th 2400/2380 put spreads for 1.90 (20 puts)
Sold to Open Sep 29th 2500/2525 call spreads for 2.75 (25 puts)
Correction ahead?
Wall Street strategist Tom Lee sees the S&P 500 falling 5% in the next 30 days
#Market I rarely post CNBC talking heads, but this guy is always sensible and rarely wrong.
https://www.cnbc.com/2017/09/08/fundstrat-strategist-tom-lee-sees-the-sp-500-falling-5-percent-in-the-next-30-days.html
$GE #ShortPuts #FallingKnife – Sold…
$GE #ShortPuts #FallingKnife – Sold GE Mar 16 2018 23 Puts @ 1.24
$T #ShortPuts #FallingKnife – Sold…
$T #ShortPuts #FallingKnife – Sold T Apr 20 2018 32 Puts @ 1.15
$DISCA #ShortPuts #FallingKnife – Sold…
$DISCA #ShortPuts #FallingKnife – Sold DISCA Jan 19 2018 20 Puts @ 1.25
SVXY synthetic week 3
Rolled the 75 calls this week up to 76 next week for 0.68 credit. Because I had rolled the 79 down to 75 earlier this week, not much profit this week, but still lowers the cos basis to 13.22 on the first batch and 18.30 on the second batch.
So basically reduce the cost basis by $2-3 each week by rolling the short options. That should create a risk free position in another 6-8 weeks, then any sales is pure profit and any long term appreciation will be icing on the cake all the way to Jan. 2019.
I cannot load the graph from my work computer but max profit next week would be $980 on 4 contracts if we close at 76. Seems like SVXY will be stuck between 70-80 for a while but will roll the short calls up any chance I get.
EWW
#ShortStrangles – Over sold these and it’s looking weak so booking a few…
Bought to Close EWW SEP 15 2017 55.0 Puts @ .24 (sold for .61)
NUGT
#LongPutDiagonals #SyntheticShortStock – Adding a position on NUGT similar to the UVXY and VXX positions.
—————
Synthetic short stock with disaster long calls (16.50 debit)
Sold NUGT JAN 18 2019 42.0 Calls
Bought NUGT JAN 18 2019 42.0 Puts
Long call for possible disasters capping potential losses:
Bought NUGT JAN 18 2019 47.0 Calls
Buying the disaster calls pretty close to help with margin requirements if she spikes with not much effect on long term gains.
—————
Weekly put sale against synthetic short stock to really boost the profits on this trade:
Sold NUGT SEP 15 2017 40.5 Puts @ .84
—————
$DUST #ShortPuts #Rolldown – A…
$DUST #ShortPuts #Rolldown – A bit of a bounce in DUST this morning so I rolled one of my positions.
Bought to close DUST Sep 8 2017 21.0 Puts/Sold DUST Sep 22 2017 20.0 Puts @ 0.12 Credit.
EFX puts
Sold $EFX Oct 20 90 puts @ 1.40 with the stock at 122.87. IV rank is 100.
#good morning all
#good morning all
SPX trades
#SPXcampaign Closed $SPX Sep 8th 2450/2425 put spreads for .75. Sold last week for .75, as part of a Risk/Reversal. Closed the long 2480/2495 spread for .20.
Sold to Open Oct 4th 2515/2540 call spreads for 1.45. Used the Wednesday series since Oct 6th is crammed with too many spreads already.
$T–borrowing an idea
From TastyTrade (Tony MX).
Sold $T Oct 20 35 puts @ .75 with the stock at 35.64.
$DIS #FallingKnife ?
$DIS #FallingKnife ?
VXX puts sold
#LongPutDiagonals Same deal as below with $VXX…
Sold VXX Sep 22nd 45.5 puts for 1.19. This is against my Jan 2019 position (long 20 puts, short 50/60 call spreads). I only sold three so I leave myself open to selling more, since my position is a 10-lot.
$SVXY #ShortPuts Bought to close…
$SVXY #ShortPuts Bought to close Sept 8th 75 Puts @ 0.35. Taking risk off.
SPX roll
#SPXcampaign Closing a reverse roll I sold on Tuesday’s drop. Don’t have any idea which way we’re headed but I’m leaning on the downside.
Closed $SPX Sept 13th 2465/2490 call spreads for 9.25. Sold for 6.75 on Tuesday
#Rolling
Sold Sep 18th 2445/2420 put spreads for 3.00
Sold Sep 25th 2480/2505 call spreads for 6.30
UVXY put
#LongPutDiagonals Sold $UVXY Sep 22nd 29 put for 1.85. This is against my Jan 2019 position (long 30 puts, short 30/40 call spreads). It is replacing the Sep 8th 29 puts expiring tomorrow. I only sold one so I leave myself open to selling another, since my position is a 2-lot.
REGN
#ShortStrangles – As @Jeff pointed out earlier…she’s tanking. Looks like some new competition on the horizon for some of their drugs so making an adjustment…
Rolled REGN SEP 29 2017 550.0 Call to SEP 29 2017 510.0 Call @ 4.47 credit
Position is now 470/510 Strangle @ 12.52 credit
NUGT
Glad you guys reminded me of this one. I’ve been looking to set up a #SyntheticShort or a #LongPutDiagonal on this dog on the next big bounce. Unfortunately there were no 2019’s available…until now. TOS isn’t showing any good quotes on them yet though…maybe tomorrow?
$DG #ShortPuts – Bought to…
$DG #ShortPuts – Bought to close 1 DG NOV 17 2017 55.0 Put @ 0.05. It won’t trade any lower and November is a long way off.
Originally sold as a #FallingKnife trade on 04/03/2017 @ 1.35
Adding to Dec NUGT
At the new highest strike.
Sold $NUGT Dec 15 63 call @ 2.80.
$DUST #ShortPuts #IRA – Sold…
$DUST #ShortPuts #IRA – Sold DUST Oct 20 2017 14.0 Puts @ 0.40 with the stock at 19.03. Lowest available strike.
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close SVXY Sep 15 2017 27.5 Puts @ 0.01 to free up some margin.
They won’t trade any lower.
Originally sold as SVXY Sep 15 2017 55.0 Puts before the split.
Sold on 02/24/2017 @ 2.73 and 06/29/2017 @ 1.15.
NUGT and DUST
Sold $NUGT Nov 17th 60 call for 2.10
Closed $DUST Dec 50 call for .20. Sold for 4.75 on July 7th.
$DUST #ShortPuts – Sold 1…
$DUST #ShortPuts – Sold 1 DUST Dec 15 2017 14.0 Put @ 1.10 with the stock at 19.23. Lowest available strike.
Like a friend who stays longer than you expected…
#Earnings #StrangleRoll Looks like I am committing to a longer term relationship with $RH. Not happy about my sloppy exit, but what’s done is done.
BTC RH Sep 8th 64.5 calls for 7.05
STO RH Oct 20th 65/75 strangles for 6.70. Sold an extra 65 put for 3.90, to give me a roll credit of .43 on the whole trade. I will manage this similarly to #PerpetualRollingStrangles
WDC CC rolls
Don’t think anyone else is in this trade right now so will be brief.
Assigned on a bunch of WDC 90 puts on earnings gone bad, they beat but the stock sold off from 96 down as low as 81 or so. Took assignment on half and rolling the puts on half to see which works better in real time on deep ITM puts. Converting to covered calls wins. I was break even last week, this week up average of .54 on the calls if I let assignment go next week. Still have some work to do on the puts. Moral of the story, if you can’t take in more than 0.5 by rolling the puts weekly go ahead and take assignment and convert to covered calls or collar it if still dropping.
Rolled this weeks 84 and 85 WDC calls to 15 DTE for varying credits of 0.67-82 depending on accounts. Now will be profitable on all the converted covered calls and will either: let assignment happen in next 1-2 weeks or if stays where it is and I can bring in more than 0.5 each week by rolling will keep rolling.
Cost basis now under 84 with the stock at 88.55 currently.
UVXY #coveredcalls BTO stock, sold…
UVXY #coveredcalls
BTO stock, sold ATM call expiring tomorrow for $30.50, ROI 3.3% if called.
stock 30.44, 31.5 Sept 08 0.94. stop at 31.
EWW
Not really a #PerpetualRollingStrangles trade but it’s turning into one. Got a stop on next week’s 55’s at 50 percent of max profit so selling the next batch.
Sold EWW OCT 6 2017 56.0 Puts @ .85
$RH-Fading the move
Sold $RH Sep 15 75 calls @ 1.50 with the stock at 71.59 slowing its upward momentum. Expiration a week from tomorrow.
GLD
#PerpetualRollingStrangles – I had already double sold the next batch for a couple weeks out. Forgot I had this order in to close this week’s.
Bought to Close GLD SEP 8 2017 124.5 Puts @ .03 (sold for 1.24)
REGN dropped
#ShortStrangles I guess not adjusting is working out for my Sep 29th 430/530 strangle.
RH earnings blowout
#Earnings Sold 64.5 calls, 28% OTM… and got slammed. Up 43%! The previous day-after earnings max intraday move was only 27%. Considering options to roll.
IRMA…not the ticker!
Just checking in here at 130 am eastern time. No market for me…spent the day evacuating the motorhome/crash pad out of the Ft. Lauderdale area. Crazy day that started at about 8am. Many gas stations completely dry and cars everywhere. Finally made it to the Tallahassee area which so far has a fighting chance for survival. I’ve got a decent 4g signal here so should be in and out next couple days.
Good luck everyone and if you’re anywhere near this thing stay safe!
Options Bistro 