#spxcampaign
Following the @jeffcp66
$SPX STO 10/16 2500/2475 BECS @ 22.80
$SPX STO 11/3 2600/2575 BECS
#shortputs
$WYNN STO 10/20 135/145 BUPS @ 2.45
Daily Archives: Monday, October 2, 2017
RIP Tom Petty
#OffTopic – Aw man….saw him a few times. That sucks.
https://chicago.suntimes.com/news/tom-petty-on-life-support-after-being-found-unconscious-tmz/
Another close, another record. At…
Another close, another record. At some point this is not going to end well for a lot of people but until then I plan to keep a lot of cash handy.
Can make more money in a bear market quicker!
Trade smart and keep some powder dry…………..
Reducing some more of my short volatility position
Into market strength. I still have other positions in these months.
Bought to close:
$UVXY Nov 17 80 calls @ .29. Sold for 3.20 and 3.70 on 9/5.
$UVXY Dec 15 82 call @ .85. Sold for 11.00 on 8/11.
Closing some more NUGT
Took some December positions off for most most the profit. Frees up some buying power.
Bought to close:
$NUGT Dec 15 58 calls @ .38. Sold for 4.30 on 5/24, 5.00 on 6/6, 2.00 on 8/28.
$NUGT Dec 15 60 calls @ .34. Sold for 2.10 on 8/31.
$NUGT Dec 15 63 call @ .27. Sold for 2.80 on 9/7.
$TSN #ShortPut – Bought to…
$TSN #ShortPuts – Bought to close 1 TSN Jan 19 2018 47.0 Put @ 0.05.
It won’t trade any lower and it won’t expire until next year.
Originally sold on 05/17/17 at 1.20 as a #FallingKnife trade
Closing Oct FLR
Position is now profitable after spending months in the red. With the stock now just above the strike and still almost 3 weeks to go until expiration I decided to take it off for near 60% of the profit before it changes its mind.
Bought to close $FLR Oct 20 42.50 puts @ .59. Sold for 1.40 on 5/5.
$RRC #CoveredCalls – Sold RRC…
$RRC #CoveredCalls – Sold RRC DEC 15 2017 27.0 Calls @ 0.25
$SVXY Sold to open Nov…
$SVXY Sold to open Nov 3rd 85 Put for 3.10 when $SVXY was at 95.67. Reentered after the assignment last Friday.
#SPX #SPXcampaign Closed my spreads…
#SPX #SPXcampaign Closed my spreads this morning, Oct 13 2565/2545/2420/2400 for a 0.46 profit after commissions. I decided to close my Oct 20th 2570/2550 call side and am waiting for the 2380/2360 to close which will close this one out for a loss of around 0.50. I closed my Oct 27th 2585/2565/2320/2300 for a loss 0.55 loss
SVXY
STO December 2017, 40 puts @.84
VXX
#LongPutDiagonals #SyntheticShortStock – Rolling the whole position for now. On this one looking at maybe later on rolling half to 2019 ITM call spreads @ even (possibly around a 20/30 BeCS) and just regular rolling the other half.
Rolled VXX OCT 20 2017 42.0 Puts to JAN 19 2018 38.0 Puts @ .80 credit
UVXY
The #LongPutDiagonals may be slightly disappointing with their performance but these sure aren’t!
Bought to Close UVXY OCT 20 2017 50.0/65.0 Bear Call Spreads @ .08 (sold for 1.20)
WDC rolled this week 87…
WDC rolled this week 87 put down to 86.5 DTE 18 for 0.33 credit. Quicker on this one to take assignment and convert to CC but I have some margin that releases next week and will make taking the shares easier on the account.
UVXY
#LongPutDiagonals #SyntheticShortStock – Taking my medicine on this one…tired of looking at it. Spending some of the front month premium received to roll way out and down.
Rolled UVXY JAN 19 2018 20.0 Puts to JAN 18 2019 10.0 Puts @ 1.47 debit.
Weekly puts had brought in 2.87 so leaving 1.40 in credit on these which caps my gains to the downside at 8.60.
So…synthetic short at 30.00 with max gain capped at 21.40 points with UVXY below 8.60 on the downside.
21.40 max gain minus the cost of the trade of 16.30 leaving a gain of 5.10 per spread. Ok but not great. It was done in a big enough size to definitely make it worthwhile. I think @vxxkelly has the right idea on this one…set it and look at it again in a year without messing with any front month positions.
Hey…what can I say?…LOL It was an experiment that hopefully everyone that tried it makes a little with almost zero stress in the trade!
🙂 🙂
EWW
#PerpetualRollingStrangles – Just another roll for a small credit. Sold against Dec 51 calls…
Rolled EWW OCT 6 2017 56.0 Puts to NOV 17 2017 55.0 Puts @ .15 credit
SPX calls sold
#SPXcampaign. Sold to Open $SPX Nov 3rd 2575/2600 call spreads for 1.75.
Oct CMG
I already have some positions on in CMG but this one seemed tempting with IV as high as it is (IVR is 88)
Sold $CMG Oct 20 275 puts @ 2.05
Delta is 15
SPX rolls sold
#SPXcampaign
Sold $SPX Oct 16th 2515/2490 put spreads for 4.50, as #ReverseRoll from Oct 13th calls stopped this morning.
Sold Oct 16th 2475/2500 call spreads for 22.35 as #ITMroll from Oct 9th calls stopped this morning.
HCA covered call
#Earnings #LongStock #CoveredCalls
Sold $HCA Oct 20th 82.5 covered call for .75, adding to the position.
Looks like earnings are last week of October. Hopefully stock can recover up to 82 area so I can exit before then, but may play through earnings if necessary.
#FlyingKnife (inverse of falling knife)…
#FlyingKnife (inverse of falling knife)
Check $TRN, might opportunity to sell calls, but they are very thin.
SPX trades
#SPXcampaign. Sold to Open $SPX Nov 3rd 2435/2410 put spreads for 1.50.
STOPPED: SPX Oct 13th 2535/2560 call spreads for 4.40. Sold for 1.50 on Sept 11th. Working on a reverse roll for Oct 16th.
STOPPED: SPX Oct 9th 2470/2495 call spreads for 23.85. Sold last Monday for 17.60. Working on #ITMroll for Oct 16th.
Closed on GTC orders:
Oct 11th 2410/2385 put spreads for .20. Sold in a #CondorRoll for 3.75 on Sept 12th.
Oct 13th 2400/2375 put spreads for .20. Sold for 1.50 on Sept 12th.
$ZGNX #ShortCalls – I had…
$ZGNX #ShortCalls – I had a few extra short puts so I’m adding new calls to create more strangles.
Sold 1 ZGNX Oct 20 2017 50.0 Call @ 1.15
Sold ZGNX Oct 20 2017 55.0 Calls @ 0.55 – highest available strike price.
$MNK #ShortPuts – Bought to…
$MNK #ShortPuts – Bought to close MNK Oct 20 2017 30.0 Puts @ 0.05.
Originally sold on 03/27/17 at 1.65 as one of many #FallingKnife trades on this stock.
$TGT #ShortPuts – Bought to…
$TGT #ShortPuts – Bought to close 1 TGT OCT 20 2017 45.0 Put @ 0.01. It won’t trade any lower.
Originally sold on 03/27/17 at 1.30 as a #FallingKnife trade.
Econ Calendar for week of 10/2/17
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#spxexpectedmove
Good morning
I have no large positions until December. What am I going to do to keep busy and make money?
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