SPX Campaign/Short Puts

#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

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.