#OptionsExpiration for Oct 20 Not…

#OptionsExpiration for Oct 20
Not many expirations this month–I’ve been much more aggressive taking positions off earlier with the market at these levels. I’ve been particularly focused on #VXXGame positions so I’m running out of them and itching to sell more. I won’t sing the same old song but What The World Needs Now Is Vol Sweet Vol….

Expiring:
$AMZN Oct 20 1020 calls
$CAT Oct 20 125 puts
$CMG Oct 20 275 puts
$IWM Oct 20 144 puts
$SNAP Oct 20 15 puts
$SVXY Oct 20 50 puts
$UVXY Oct 20 50 calls
$TEVA Oct 20 17.50 calls

Assignments:
$TEVA Oct 18.50 puts from an inverted strangle. I will reinitiate calls on this on Monday (provided the stock doesn’t tank in the am).

Have a great weekend.

TRTN

#OptionsExpiration
TRTN Oct 20 30 puts

#Assignment ?
“To be assigned, or not to be assigned” on TRTN Oct 20 40 put when stock closed at 39.95, cost basis 37.27? Probably find out tomorrow when settled, maybe…film at 11:00 😉

Have great weekends…

EDIT: Saturday, Oct 21, assigned 100 TRTN shares @ 39.95 on a 40 put…go figure?! Reached all time high of 40.50 Friday. Could be a run up to earnings on Nov 9 amc, TOS.

#OptionsExpiration #Monthlys #Oct20 – A…

#OptionsExpiration #Monthlys #Oct20 – A fairly big expiration as a whole bunch of Puts are expiring. The biggest are $GWW $MYL that have been weak for a long time but are acting better now. Some covered Calls expiring too.

Adding to some existing long stock positions at lower prices but I may be waiting for a while for them to recover. Will continue to sell covered calls on any rallies.

— Expirations —
APA Oct 20 2017 40 Puts
DUST Oct 20 2017 26 Calls (Covered)
GWW Oct 20 2017 145 Puts
GWW Oct 20 2017 150 Puts
GWW Oct 20 2017 155 Puts
GWW Oct 20 2017 160 Puts
JEC Oct 20 2017 47.5 Puts
K Oct 20 2017 60 Puts
KR Oct 20 2017 28 Calls (Covered)
MAT Oct 20 2017 17 Calls (Covered)
MRO Oct 20 2017 20 Calls (Covered)
MUR Oct 20 2017 22.5 Puts
MYL Oct 20 2017 32.5 Puts
MYL Oct 20 2017 35 Puts
NUGT Oct 20 2017 26 Puts
PCG Oct 20 2017 45 Puts
QCOM Oct 20 2017 45 Puts
TAP Oct 20 2017 78 Puts
UAA Oct 20 2017 25 Calls (Covered)
URI Oct 20 2017 75 Puts
UVXY Oct 20 2017 20.5 Calls (Covered)
UVXY Oct 20 2017 20 Calls (Covered)
X Oct 20 2017 18 Puts
XOM Oct 20 2017 70 Puts
ZGNX Oct 20 2017 2 Puts
ZGNX Oct 20 2017 3 Puts
ZGNX Oct 20 2017 49 Calls
ZGNX Oct 20 2017 50 Calls
ZGNX Oct 20 2017 55 Calls

— Assignments —
GWW Oct 20 2017 175 Calls (Covered) Nice gain on the stock
GWW Oct 20 2017 180 Calls (Covered) Nice gain on the stock
KR Oct 20 2017 27 Puts
MAT Oct 20 2017 20 Puts
MAT Oct 20 2017 21 Puts
MAT Oct 20 2017 22 Puts
UVXY Oct 20 2017 17 Puts

Off Topic….some weekend reading

40 years ago…

http://www.rollingstone.com/music/features/remembering-lynyrd-skynyrds-plane-crash-ronnie-van-zant-w509500

OptionsExpiration

$SVXY $50 puts
That’s it, very few open positions.

SVXY roll

#VXXGame Rolled these two from the ITM call I closed:
STO $SVXY Dec 15th 95 put for 5.25
STO $SVXY Jan 2019 205 call for 8.05 (highest strike)

NFLX earnings

#Earnings #IronButterfly BTC $NFLX Oct 20th 200 put for 5.80. Sold in the 190/200/210 Iron Butterfly for 8.18 on Monday. Plus I had a call butterfly that was a bust, so profit all together was a whopping 1.18!

Expirations

Only 2 today. Have a nice weekend everyone. I will be eating stone crabs tonight as they are now in season. I continue to see the rise in the SVXY and it is unbelievable.

QCOM 57.5 covered calls

COST 150 puts

 

$UVXY

STO Nov 3 $15/$17 calls spreads @ $.49, defined risk way of playing for further decrease over the next couple of weeks.

MU BTC 14 DTE 39…

MU BTC 14 DTE 39 put for 0.35. Had sold for 1.05. Freeing u margin for next week.

That really is my last trade for the week, going for bike ride.

$ZGNX #ShortCalls – Giving up!…

$ZGNX #ShortCalls – Giving up!
Bought to close ZGNX Oct 20 2017 31.0 Call @ 8.80. They can’t be easily rolled, and I considered going short the stock because they are a long way from a marketable drug but I’m taking my lumps and walking away.

$UAA #CoveredCalls – Sold UAA…

$UAA #CoveredCalls – Sold UAA NOV 3 2017 20.5 Calls @ 0.22 with the stock at 17.48

Taking off some more tail risk

Bought to close:
$UVXY Jan 19 2018 82 call @ .72. Sold for 12.10 on 8/11.
$UVXY Jan 19 2018 91 call @ .64. Sold for 8.95 on 8/17.
$UVXY Mar 16 2018 82 call @ 1.39. Sold for 14.00 on 8/11.
$UVXY Mar 16 2018 91 call @ 1.24. Sold for 7.00 on 9/5.
$SVXY Dec 15 2017 25 puts @ .19. Sold for .70 on 6/29.
$SVXY Dec 15 2017 40 put @ .54. Sold for 2.10 on 8/10.
$SVXY Dec 15 2017 50 put @ .83. Sold for 3.30 on 8/9.
$SVXY Jan 19 2018 30 puts @ .61. Sold for 3.20 on 1/26.

VXX Game folly

#VXXgame BTC $SVXY Oct 20th 90 call for 18.00. Sold for 2.65 on Aug 25th. This one slipped past me, should have rolled much earlier.

BTC $VXX Oct 20th 44 put for 10.00. Sold in a #StrangleRoll for 5.86 on 9/22. Part of the #LongPutDiagonals. Not rolling these anymore… waiting for some volatility to sell any more options against the long positions.

SVXY

#ShortCalls – Here’s how I’m handling my short calls that get in trouble. Well before they get in the money (usually as they reach about 3 times more than they sold for) I roll them out to put spreads.

Rolled SVXY JAN 19 2018 117.5 Calls to JUN 15 2018 120.0/105.0 Bull Put Spreads @ .10 credit

So now what?

1. We continue up and life is good (except for the next batch I have to roll)
2. We tank and I own SVXY. By using spreads it really doesn’t matter how low it goes. In fact, the lower the better. Wherever it ends up I’ll be getting the stock at a basis 12.25 above wherever it’s trading at the time. (sold the original call for 2.75 and the spread is 15 wide)

$UVXY #ShortCalls – Bought to…

$UVXY #ShortCalls #VXXGame – Bought to close 1 UVXY Dec 15 2017 65.0 Call @ 0.49.
Originally Sold on 8/10/17 at 11.60.
Only 1 more of these left to cover.

ATHN earnings

#Earnings #ShortStrangles – Finally out of the entire position. Great earnings day in this and ISRG…decks are clear for next week now.

Bought to Close ATHN OCT 20 2017 106.0/129.0 Strangles @ .25 (sold for 2.35)

$GE #ShortPuts #FallingKnife – Sold…

$GE #ShortPuts #FallingKnife – Sold GE JUN 15 2018 22.0 Puts @ 1.30 this morning on the earnings news.
You won’t get rich selling options on a stock that mostly moves like a big glacier. But I wouldn’t mind owning it at 20.70.

GILD STO 11/17 77.5 put at 1.00

Last trade for the week, have a good weekend everybody!

$PG sold to open a…

$PG sold to open a 80 put 3/16/18 as almost falling knife

$UAA #ShortPuts – Bought to…

$UAA #ShortPuts – Bought to close UAA Oct 20 2017 17.5 Puts @ 0.41 with the stock at 17.11 to avoid possible assignment tonight.
Originally sold in March at 1.51

Closed Early $SPX $WYNN/Rolled $AAOI

Closed Early
#spxcampaign
$SPX BTC 10/27 2390/2415 BUPS @ 93% profit
$SPX BTC 10/23 2530/2555 BUPS @ 1.00 STO 10/16 @ 4.70 78% profit

$WYNN 10/20 143/148 BUCS @ 26% profit

Rolled
$AAOI BTC 10/20 55 put STO 11/17 55 put @ 2.70 credit. Third roll. Basis now 45.30.
$AAOI BTC 10/20 50 put STO 11/17 50 put @ 2.20 credit. First roll. Basis now 45.80.

$SPX #SPXcampaign Sold to open…

$SPX #SPXcampaign Sold to open Nov 3rd 2500/2475 BuPS @ 0.75 with SPX @ 2568.75.

$TSN #ShortPuts – Bought to…

$TSN #ShortPuts – Bought to close TSN Jan 19 2018 47.0 Puts @ 0.05. They won’t trade any lower and don’t expire for 3 more months.
Originally sold in May at 1.20.

$LB #ShortPuts – Bought to…

$LB #ShortPuts – Bought to close LB Nov 17 2017 32.5 Puts @ 0.05. They won’t trade any lower so there is no point in waiting another month to make the last nickel.
Originally sold in April at 1.20.

#coveredcalls CAG Following Tradewise covered…

#coveredcalls CAG
Following Tradewise covered calls, buy/write Nov. 17 35, will pick up a small dividend as well. Looks like a still possible #fallingknife maybe.

$CELG #ShortPuts #FallingKnife #OptionLadder -…

$CELG #ShortPuts #FallingKnife #OptionLadder – Sold CELG APR 20 2018 90.0 Puts @ 1.26

WYNN

#ShortStrangles – Rolling these again. Sold against Nov monthly 130 calls…

Rolled WYNN OCT 20 2017 152.5 Puts to NOV 3 2017 152.5 Puts @ 1.46 credit

ATHN earnings

#Earnings #ShortStrangles – Pushing the limits on the call side so still watching. I’ll switch to puts and roll it out if it stays strong. Closing the puts while waiting…

Bought to Close ATHN OCT 20 2017 106.0 Puts @ .05

QCOM

Covered calls, STO January 60 calls @ .40 cents. My 57.5 covered calls will expire today so just replacing the call side.

CELG

#ShortPuts #IRA – Thanks @jsd501 !

Sold CELG APR 20 2018 100.0 Put @ 2.30
Sold CELG APR 20 2018 95.0 Put @ 1.60

CELG

STO March 90 puts @.90 cents

ISRG earnings

#Earnings #ShortStrangles – Closing this while I’ve got a chance. Last time I did an earnings trade on this one I pushed my luck on the call side and had to fight it for 6 months…

Bought to Close ISRG OCT 20 2017 340.0/375.0 Strangles @ .85 (sold for 3.55)

$CELG #ShortPuts #FallingKnife – Sold…

$CELG #ShortPuts #FallingKnife – Sold 1 CELG MAR 16 2018 95.0 Put @ 1.37

#T btc on gtc jan…

#T
btc on gtc jan 19 ,30 strike call @ 6.00 had sold for 6.68.

EXAS

STO January 45 puts @2.90

$APA #ShortPuts #OptionLadder – Bought…

$APA #ShortPuts #OptionLadder – Bought to close APA Oct 20 2017 42.5 Puts @ 0.50 to avoid possible assignment of this ITM position.
Sold these in April at 1.37 and again at 1.57, so still a nice gain.
Still short today’s 40 Puts, plus Jan 37.5 and 35 Puts, and April 32.5 Puts for a nice #OptionLadder

#spxcampaign Jeff if you have…

#spxcampaign

Jeff if you have time any suggestions.

I have 1 spx call nov 8th 2535/2560 have rolled twice and collected $4.00 total.
present price to close is 20.35
suggestions to close and break even.

what if I btc existing and there is a nov 8 2570/2695 for 10.30, could sell 2 contracts.

thanks in advance.

CELG

STO December 115 puts @ 2.70
STO January 100 puts @1.05