AZO

#ShortPuts #IRA -Looks like she might be rolling over after a nice run. Held this all the way through the dip so finally booking it and freeing up a ton of margin…

Bought to Close AZO DEC 15 2017 500.0 Put @ 4.40 (sold for 10.00)

#ironcondor COST From Tastytrade Nov….

#ironcondor COST
From Tastytrade

Nov. 17 145/150/160/165 for 2.10 stock price at 154.60

SPX puts

#SPXcampaign. Sold to Open $SPX Oct 13th 2530/2505 put spreads for 2.35. Expires this Friday, or will be rolled if there’s no bounce from here. Are we finally getting some volatility?

Closed PLCE position

#Earnings #LongStocks #CoveredCalls This one dropped big since its highs so I’m exiting since the position is nicely in profit but could lose it if the stock drops more. Originally sold 110 puts on Aug 11th for 2.00, then took assignment of the stock and sold covered calls. Final profit is about 2.27.

Sold PLCE stock for 110.05.
BTC Oct 20th 115 covered calls for .95. Sold for 1.73 (avg price).

SPX trades

#SPXcampaign. Here are my trades today:
Closed on GTC orders:
Oct 9th 2540/2515 put spread for .20. Sold for 3.70 on Thursday.
Oct 9th 2555/2580 call spreads for .20. Sold for 1.45 on Thursday.
Oct 19th 2420/2395 put spreads for .20. Sold for 1.45 on Sept 19th.
Oct 13th 2490/2465 put spreads for .25.
Oct 11th 2515/2490 put spreads for .20. Sold for 1.80 last Wednesday.

STOPPED: Nov 3rd 2585/2610 call spreads for 3.00. Sold for 1.90 on Thursday. Not sure why I had an order in for 3.00 on this one, but it was a mistake. Now a roll would be difficult since market dropped so much from this morning.

Closed Oct 16th 2475/2500 call spreads for 24.50. Sold for 22.50 last Monday.
#ITMroll. Sold Oct 23rd 2485/2510 call spreads for 23.05.

Sold Nov 10th 2600/2625 call spreads for 1.70
Sold Nov 10th 2460/2435 put spreads for 1.45

Closed a Jan NUGT position

A total bonehead move. I was putting bids in to close a bunch of positions that were mostly profitable and I mistakenly closed this one that, had I waited 2 more weeks, would have become a long term capital gain. I was toying with the idea of leaving January positions on to defer taxes to 2018 but I changed my mind, and for some reason I wasn’t paying attention to this one. Of course none of my others got filled so I guess I deserved it 🙂
Bought to close $NUGT1 (pre 1:4 reverse split) Jan 19 2018 52 calls @ .04. Sold for 2.50 on 10/19/16.

I’ll still look to take positions off that are less than double the current price (i.e., with NUGT at 35, I will look to close Jan 58 calls, Jan 66 calls and Mar 60 calls). I’d like to clear those out to make room for potential sales if gold were to spike over the next couple of months. Quite a few potential stimuli out there for a gold rally.

Shotgun trades, new #optionladder Setting…

Shotgun trades, new #optionladder

Setting up some new ladders in names with good premium. Some have earnings in a few weeks.

STO EOG 11/3 93 put at 1
GILD 11/3 79 put at 1.04
MU 11/3 39 put at 0.93

Will add new trades each week until 3-4 rolling weeks on the ladders.

BTC 11/3 XBI 79 put at 0.23. Sold 0.94. Premiums dried up on this since it went booster phase. Should improve with next big pull back. Only 1 week left on the ladder on this then will be out until the premiums improve again.