#VIXIndicator The VIX is trending up and having its biggest swings since the Upside Warning on 9/22.
Daily Archives: Monday, October 23, 2017
$PRGO #ShortPuts – Bought to…
$PRGO #ShortPuts – Bought to close 1 PRGO Jan 19 2018 50.0 Put @ 0.05. It won’t trade any lower and doesn’t expire until next year.
Sold at 1.30 on 05/30/2017.
$SVXY #ShortCalls – covered some…
$SVXY #ShortCalls – covered some deep ITM Calls to release some much needed margin.
Bought to close SVXY Jan 18 2019 77.5 Calls @ 46.90
$UVXY #CoveredCalls – sold some…
$UVXY #CoveredCalls – sold some small positions that expire Friday.
Sold UVXY Oct 27 2017 18.0 Calls @ 0.26
Sold UVXY Oct 27 2017 18.5 Calls @ 0.22
VXX call
#LongPutDiagonals Sold a couple $VXX calls as rolls from the puts that have been painful.
STO VXX Nov 17th 38 call for 1.35
STO VXX Dec 15th 30 call for 5.50 (sold ITM)
SVXY
#ShortPuts #IRA – These have barely moved today so booking them and hopefully getting to re-load a little nearer term.
Bought to Close SVXY NOV 17 2017 65.0 Put @ .75 (sold for 2.63)
Bought to Close SVXY DEC 15 2017 35.0 Puts @ .38 (sold for 1.15)
Bought to Close SVXY JAN 19 2018 35.0 Put @ .85 (sold for 2.45)
Bought to Close SVXY MAR 16 2018 35.0 Put @ 1.30 (sold for 3.25)
SPX trades
#SPXcampaign I’m continuing to roll out threatened call spreads as if we will be continuing up. Today, the down move was larger than expected so some trades were made too early.
Stopped Call spreads:
Oct 23rd (today) 2565/2590 for 11.40. Had I waited, looks like it would have expired.
Oct 30th 2570/2595 for 11.00.
Oct 30th 2500/2525 for 24.50.
Rolls sold:
Oct 25th 2575/2550 put spreads for 3.85
Nov 6th 2520/2545 call spreads for 22.10
Nov 8th 2580/2555 put spreads, sold ITM for 9.35
Standard spreads sold:
Nov 16th (monthly) 2500/2475 put spreads for 1.40 (didn’t fill on Friday, so sold today)
Nov 24th 2485/2460 put spreads for 1.45
EWZ
#ShortStrangles and possibly #PerpetualRollingStrangles – Haven’t been in this one in awhile. Finally showing some two sided action…
Sold EWZ DEC 15 2017 40.0/44.0 Strangles @ 1.55
KMB
#FallingKnife #IRA #Dividends – Maybe a decent place to buy it if she keeps falling…
Sold KMB APR 20 2018 105.0 Put @ 3.00
VXX Gaming
#VXXGame STO $SVXY Nov 17th 90 put for 1.87.
#LongPutDiagonals BTC $VXX Nov 3rd 43 put for 9.35. Sold for 6.70 on a roll.
First SPX down day in several, but VIX and VXX products not showing much interest.
TRADES:
NVDA
#Earnings – Trying something a little different. Instead of waiting until the day of the announcement I’m selling a starter position in case this thing breaks higher. I’ll add if it drops and then decide later if I’m gonna sell the call side.
Selling the 50 ma the week of earnings…
Sold NVDA NOV 10 2017 180.0 Put @ 2.30
$GWW #ShortPuts – Bought to…
$GWW #ShortPuts – Bought to close 1 GWW Dec 15 2017 135.0 Put @ 0.05. It won’t trade any lower.
Sold for 1.40 on 5/15/17
NVDA
#ShortStrangles – Taking a little off and looking out to #Earnings week for a new position…
Bought to Close NVDA NOV 3 2017 180.0/215.0 Strangles @ .63 (sold for 5.11)
Does it mean you are…
Does it mean you are officially a professional trader if you make more trading than you do at work? If so I can say I am finally there. I used to do it occasionally, a week or month here or there but then would give a lot back but now can say I have done it 6 months non-stop. I suppose an entire year would be more accurate but this includes some losing trades so close enough? I thought it would be obvious but kind of happened quietly as compounding works it’s magic.
I will keep working, have 13 years before I can access most of that but nice to know retirement is covered at age 47.
Thanks for the help in getting there, you guys gave me some ideas and adjustments to my trading that made the difference!!!
Only 1 new trade this week, everything else waiting on earnings.
STO SWKS 11-17 98 put at 1.3. Probably ladder this one again at the end of the week once a clear out a few other positions after some earnings report.
SVXY
STO January 2019, 50 puts @8.10
$EQT #ShortPuts – Bought to…
$EQT #ShortPuts – Bought to close EQT Dec 15 2017 45.0 Puts @ 0.05. They won’t trade any lower and still have 2 months until expiration.
Originally sold on 06/06/2017 @ 1.55 and added a few weeks later at 1.75
TRTN
#Rolling #ShortPuts
Rolled Nov 17 40/35 put for 1.45 credit
STO Nov 17 40 put @ 1.95 Trad IRA acct.
Staying with this ticker, hmm “ticker addict”, 4.5% yield, earnings Nov 9, amc.
Phrasing it this way: “trade your play, play your trade”
#fallingknife STX Closed Dec. 15…
#fallingknife STX
Closed Dec. 15 28 put for .05, sold Aug. 24 for 1.37-we all know where this came from-thanks as always
WYNN
#Earnings ?? – As usual the date changed over the weekend. TOS estimating the 26th now but IV still reflects their original date of Nov 1st. Who knows? Nothing on the WYNN website yet…
AMZN
STO December 15, 850/810 bull put spread @2.30
HRL
Sold to open, March 27.5 puts @.60, stock at 30.43
$TRTN sold to close 100…
$TRTN sold to close 100 shares @ 39.80 assigned from Nov 20 40 put sto Oct 16 @ 2.81.
$SPX #SPCcampaign Morning all. I…
$SPX #SPCcampaign Morning all. I missed Friday and closing the call side of my Oct 31 IC. Closed it this morning for 1.55. Back to hunting for the holy grail in bathroom tile.
$SVXY $ShortPuts – I will…
$SVXY $ShortPuts – I will likely be forced to cover some short calls in this runaway freight train this week so I’m getting rid of the offsetting short Puts
Bought to close SVXY Dec 15 2017 17.5 Puts @ 0.10 – sold at 0.67
Bought to close SVXY Dec 15 2017 27.5 Puts @ 0.21 – sold at 1.09
Bought to close SVXY Jan 19 2018 11.0 Puts @ 0.11 – Sold at 1.23
Bought to close SVXY Jan 19 2018 12.5 Puts @ 0.12 – Sold at 1.30
Bought to close SVXY Jan 19 2018 15.0 Puts @ 0.15 – Sold at 0.36
Bought to close SVXY Jan 19 2018 34.0 Puts @ 0.74 – Sold at 3.40
Bought to close SVXY Jan 19 2018 34.5 Puts @ 0.75 – Sold at 3.45
$DUST #CoveredCalls – Sold DUST…
$DUST #CoveredCalls – Sold DUST Oct 27 2017 26.5 Calls @ 0.15 replacing last week’s strike 26 calls.
Options Expiration 10/20/17
#OptionsExpiration #Earnings #ContangoETFs #VXXGame #LongPutDiagonals
Forgot to post this!
— Expiring w/max profit —
HCA 82.5 #CoveredCalls
NUGT 45 call
SVXY 55 and 68 puts
VXX 50 call
— Expiring w/max loss —
GWW 180/185 #ShortCallSpreads
NFLX 210/220/230 #CallButterfly
Econ Calendar for week of 10/23/17
Be sure to periodically click “Home/REFRESH” above to keep Bistro features updated.
Options Bistro 