Expiration/Closed Early/Trades

#optionsexpiration
Full Profit
$BIDU 210/220 BUPS
$FSLR 40/46 BUPS
$AMZN 990/1000 BUPS Part of Earnings IC The Call part more than offset this gain
$AMZN 927.50/937.50 BUPS
$EXAS 49.50 put
$NSC 130 put Earnings trade Thank you @jeffcp66 aka “Jeff of all trades”

Full Loss
$CMG 290/300 BUPS Earnings Indigestion
$AMZN 1010/1000 BECS Offset above mentioned IC partner IC Loss of 75 per contract

Losses Closed Early If three minutes until close is early
$PCLN 1885/1905 BUPS STO @ 2.80 BTC @ 14.92 Tried to close yesterday when I noticed $EXPE had earnings yesterday. Instead of market order I tried to be cute. I am not cute. Lesson learned. Hopefully lesson will be remembered.
$PCLN 1890/1895 BUPS STO @ 2.07 BTC @ 3.50 Impetuous day trade AKA Dumb Move

#spxcampaign
Closed early
$SPX 11/8 2555/2580 BUPS @ 28% profit Gun Shy No Patience Thank you @jeffcp66

Trades
#longcalls
$WYNN BTO 1/19/2018 140/155 BUCS @ 5.82
#shortputs
$WYNN STO 11/17 135/145 BUPS @ 3.05
#shortcalls
$KEM STO 11/17 26 call @.95 Covered
$NFLX STO 11/03 200 call @ 1.98 Covered
#spxcampaign
$SPX STO 11/10 2590/2565 BECS @ 12.55 Thank you @jeffcp66

Have a great weekend. I am resting. OPEX is exhausting sometimes.
Thanks to everyone for being so helpful.

OptionsExpiration

$UVXY $17 calls
$UVXY $25 calls

Had a fun week.

#OptionsExpiration #Weeklys #Oct27 – a…

#OptionsExpiration #Weeklys #Oct27 – a busier week than expected because of the mid-week spike in Volatility.
Most positions were rolled or expired except for a couple of #Gold related assignments.

— Expirations —
NSC (Weekly) Oct 27 2017 125 Puts – earnings play
NUGT (Weekly) Oct 27 2017 25 Puts
SVXY (Weekly) Oct 27 2017 90 Puts
UVXY (Weekly) Oct 27 2017 20.0 Calls (Covered)
UVXY (Weekly) Oct 27 2017 20.5 Calls
UVXY (Weekly) Oct 27 2017 21.0 Calls
UVXY (Weekly) Oct 27 2017 21.5 Calls
UVXY (Weekly) Oct 27 2017 22.0 Calls
UVXY (Weekly) Oct 27 2017 22.5 Calls

–Assignments —
DUST (Weekly) Oct 27 2017 26.5 Calls (Covered) – out of this lot at a gain
NUGT (Weekly) Oct 27 2017 30 Puts – Adding some long stock and will sell covered calls

#vxxgame Closed down the SVXY…

#vxxgame

Closed down the SVXY experiment. The 78 call was so far ITM that I could not roll it effectively without going way out in time. I was hoping for a bigger pull back to roll it up but we just had the one down day.

Anyway, it is successful to go synthetic long with disaster protection but in the future I will not cap the gains by selling a short term call against it.

Even so, profit of $8836 on 4 contracts since since the last big vol. spike on 8/17/17. So 100% return in what 11 or 12 weeks. Initial cost was $8352 averaged, there were 2 lots of trades.

So I think we are on to something here!! Go synthetic long on a big volatility spike. Buy a Leap put for disaster protection then let it ride. If I had not sold the short term calls profit was almost $15k.

$UVXY #CoveredCalls #Rollup – all…

$UVXY #CoveredCalls #Rollup – all the premium is gone from this weeks calls –
Bought to close UVXY Oct 27 2017 18.0 Calls/Sold UVXY Nov 3 2017 19.0 Calls @ 0.34 Credit

AAOI using some strength

To thin the herd a bit before upcoming earnings.
Bought to close $AAOI Nov 30 puts @ .66. Sold for 1.20 on 9/20.

$CELG #ShortPuts #FallingKnife – Sold…

$CELG #ShortPuts #FallingKnife – Sold 1 CELG Jun 15 2018 65.0 Put @ 1.30 with the stock at 95.90

#spxcampaign Sold to open Nov…

#spxcampaign Sold to open Nov 17th 2500/2475 BuPS for 1.25 with SPX @ 2581.29 Late on getting this one in. Maybe should have waited until Monday.
I have nothing for expiration. Catch you Monday Have a great weekend.

$UVXY #ShortPuts #Rolldown – rolled…

$UVXY #ShortPuts #Rolldown – rolled a smallish put sale down a couple of points while taking a small gain on the original position.
Bought to close UVXY Oct 27 2017 16.0 Puts/Sold UVXY Nov 10 2017 14.0 Puts @ 0.06 Credit

$NOV #ShortPuts – Bought to…

$NOV #ShortPuts – Bought to close NOV Nov 17 2017 28.0 Puts @ 0.01. They won’t trade any lower.
Sold in May 2017 at 1.21 as a #FallingKnife trade.

FB covered call

#CoveredCallCampaign BTC $FB Oct 27th 177.5 covered call for .15 to avoid possible assignment. Sold for 1.35 on Oct 6th. Now into earnings. Carrying stock and selling calls against it. This one was so low for so many days that I almost forgot about it.

rolls, expirations, etc.

Expiring WDC 85 puts and 82 puts across several accounts. The 85 had been rolled for a few weeks so will free up a lot of margin.

EOG btc 11/3 and 11/10 puts for 0.57 and 0.60. Sold for 1.05 and 1.01. This was to open more margin. Will be taking delivery of GILD if it does not rebound next week and wanted a little extra cushion.

SWKS btc 11/17 98 puts at 1.15, sold for 1.3. Mostly to open more margin. By the end of the day it was down to 0.6, should have waited.

WDC rolled 85 and 86 calls to next week for 1, 1.09, 0.95 and 0.92 over various accounts. Was going to let them get called out but with the pullback can keep the atm spitting out free $. WDC is now my best ticker for the year. Surpassed TSO and XBI a few weeks ago.

Rolled WDC 82 puts to next week 84.5 for 0.88 credit.

SVXY a bunch expiring this week, all were 80 or lower strikes.

That leaves me short GILD puts at 77.5, 78 and 79. It is rebounding now but the math says I can break even quicker by taking the stock and converting to CC than trying to roll the puts. Current prices show a call side skew, very slight but I can be closer to the money and bring in more premium instead of rolling the puts for 0.25 or lower. 3-4 weeks out ATM about $2.

Great trading week, new record for most income in a month trading over the last 4 weeks. Hopefully we keep some volatility the rest of the year.

Have a good weekend!

Guess I would need 20 more positions to equal an @optioniceman expiration…….

$AKAM #ShortPuts – Bought to…

$AKAM #ShortPuts – Bought to close AKAM Nov 17 2017 40.0 Puts @ 0.01. They won’t trade any lower.
Sold in May 2017 at 1.22 as a #FallingKnife trade.

SVXY roll

#VXXGame #StrangleRoll
BTC $SVXY March 104 call for 18.40.
STO $SVXY March 85/122 strangle for 19.35

Also, earlier, sold $VXX Nov 17th 38 put for 4.00.

SPX another reverse roll

#spxcampaign
Closed $SPX Nov 8th 2585/2610 call spreads for 7.45. Sold for 3.50 on Wednesday.
Sold Nov 8th 2580/2560 put spreads for 6.15.

Also:
Sold Nov 24th 2625/2650 call spreads for 1.75.

Have a nice weekend

I have no expirations so I am signing off for the rest of the day. Good luck to everyone and I will be back on Monday.

CVS

STO May 50 puts @.65 with the stock at 69.17

VIX Indicator

#VIXIndicator… the Upside Warning never got canceled during this week’s volatility, and it’s coming through again now. A VIX close below 9.98 would be a new confirmation of the Up warning (as if we can’t just look at another all-time high to know that already).

REGN

#CoveredCalls – Booking this one since the next one was already sold…

Bought to Close REGN NOV 3 2017 437.5 Call @ .30 (sold for 4.50)

AMZN

#Earnings – Closed iron flies to avoid exercise fees and taking .78 loss…

Bought to Close AMZN OCT 27 2017 990.0/1000.0/1010.0 Iron Flies @ 10.03 (sold for 9.25)

GILD

STO February 65 put @1.55

$VIX dropping as expected, but…

$VIX dropping as expected, but /VX holding a bid so $UVXY and $SVXY not moving as much as you might expect.

WYNN

#ShortStrangles – Just for simplicity and to keep the theta up a little rolling ITM short puts out to where the 130 short calls are sitting.

Rolled WYNN NOV 3 2017 152.5 Puts to NOV 17 2017 152.5 Puts @ .97 credit.

Position is now 152.5/130 inverted strangles @ 19.95. Leaning towards taking the stock at a basis of 132.55 and rolling the 130 calls up and out. Turning it into a covered call play…

REGN

#CoveredCalls -Trailing stop on next week’s so going ahead and selling earnings now since stock looks weak…

Sold REGN NOV 10 2017 425.0 Call @ 6.50

AMZN

#LongCallDiagonals – Rolling the front month…unfortunately. Talk about capping your gains… 😦

Rolled AMZN OCT 27 2017 990.0 Call to DEC 15 2017 1000.0 Call @ 1.29 credit.

Picking up another 11.29 of upside. I guess the short call can be treated as a trailing stop now. Probably able to roll it up 10 points a month for close to even. If AMZN levels off hopefully I can catch up to it eventually.

SPX reverse roll

#SPXcampaign Soon after the open, closed $SPX Oct 31st 2575/2600 call spreads for 3.50. Sold for 3.05 on Wednesday.
Sold to open Oct 31st 2565/2540 put spreads for 3.70.

Also, in pre-market, closed on GTC order: Nov 3rd 2480/2455 put spreads for .40. Sold for 1.55 on Oct 6th.

$GILD #ShortPuts #FallingKnife – Sold…

$GILD #ShortPuts #FallingKnife – Sold 1 GILD FEB 16 2018 65.0 Put @ 1.57

$NUGT #ShortPuts – adding a…

$NUGT #ShortPuts – adding a few speculative positions with the stock at 28.52.
Sold NUGT Nov 17 2017 25.5 Puts @ 0.61
Sold NUGT Dec 1 2017 24.0 Puts @ 0.64

HIMX

#LongCallDiagonals – Rolling the front month…

Rolled HIMX OCT 27 2017 10.0 Calls to NOV 10 2017 10.5 Calls @ .10 credit

Picking up another 60 cents of upside…

SPCX #spxcampaign Sold to open…

SPCX #spxcampaign Sold to open Nov 10th 2500/2475 BuPS for 1.30. with SPX at 2568.88

WHR

STO June 125 put @ 2.80

AMZN call

#CoveredCalls On the big move, sold $AMZN Dec 15 1150.00 call @ 5.50