#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

Closed Early/VXX Game/Short Puts $PCLN $T/SPX Campaign

Closed Early
$AAPL BTC 10/20 165/157.50 BECS @ 55% profit
$ADBE BTC 145/150 BUPS @ .15 STO 10/17 @ 1.60 (89% profit) Lucky
$LRCX BTC 10/20 185/195 BUPS @ 68% profit. Earnings trade. Got out when today went south for a while

#vxxgame
$SVXY STO 12/15 90 puts @ 6.30 Thank you @jeffcp66

#shortputs
$PCLN STO 10/27 1885/1905 BUPS @ 2.80 SUZ @ OMM
$T STO 11/17 36 put @ 1.00 Thank you @tabortrader

#spxcampaign
$SPX STO 11/1 2540/2515 BECS @ 22 Thank you @jeffcp66
$SPX STO 11/17 2440/2465 @2.60
$SPX STO 11/1 2515/2540 @4.00

SVXY closed at an all time high

After testing 100 this morning.
Un-be-****lievable.

ATHN earnings

#Earnings #ShortStrangles – First time ever in this ticker. Expected move of 9.75 but seems to exceed the move a lot of the time. Staying small…

Sold ATHN OCT 20 2017 106.0/129.0 Strangles @ 2.35

ISRG earnings

#Earnings #ShortStrangles – Got out of this a couple weeks ago. Had so much fun I’m heading back in…

Sold ISRG OCT 20 2017 340.0/375.0 Strangles @ 3.55 (expected move of 14.05)

$FLR #ShortPuts – Bought to…

$FLR #ShortPuts – Bought to close 1 FLR OCT 20 2017 42.5 Put @ 0.05 to avoid possible assignment tomorrow. The stock opened down at 42.27 this morning before recovering or I would have let this one run out.
Originally sold on 05/17/2017 at 1.65 as a #FallingKnife trade.
Still short the Jan 35 and 40 Puts that are nicely profitable.

$TSCO #ShortPuts – Bought to…

$TSCO #ShortPuts – Bought to close 1 TSCO OCT 20 2017 60.0 Put @ 1.35 to avoid possible assignment tomorrow. The stock has been below 59 all day today.
Originally sold at 1.80, and along with my buy back of the Oct 55 Puts at 0.05 on 10/03, this stock was still a decent money maker.
Still short the Jan 45 and 50 puts trading at nice gains.

Trades and rolls

Rolled WDC 86.5 puts this week to next week 85 for 0.65 credit.
Rolled WDC this week 85 CCs to next week for 1.89
Rolled WDC this week 84 ccs to 85 for 1.31 and 1.32 credits
STO SVXY Jan 2019 50 put at 1.92

Nothing else expiring until next week. Finally at least not an up day but we still have 3 hours to the close so I am sure we will have another record after the pull back this morning.

$AAOI #ShortPuts #FallingKnife – Sold…

$AAOI #ShortPuts #FallingKnife – Sold 1 AAOI MAR 16 2018 22.5 Put @ 1.60 with the stock at 42.05

$OXY #ShortPuts – Bought to…

$OXY #ShortPuts – Bought to close OXY NOV 17 2017 50.0 Puts @ 0.01. Still a month to go before expiration.
Originally sold on 05/04/2017 at 1.17. Still have the Nov 52.5 Puts to cover.

UAL Dec

Taking advantage of the still high IV (IV rank is 63) to sell some Dec puts into this huge down move.
Sold $UAL Dec 15 55 puts @ 1.25.

Earnings…

ATHN – Big IV
ISRG – Probably selling some puts…it’s a lot more reasonable after the 3 for 1 split.
PYPL – Watching but not sure…very extended like many others
SKX – Cheap with bigIV so maybe worth a shot…love the shoes. Golf shoes, regular tennis shoes, and work shoes all SKX. 🙂 🙂
VZ – Yuck…no premium

WYNN

#ShortStrangles – WYNN does this nearly every quarter with the earnings date. I’ve got puts I need to roll and TOS estimates earnings on Nov 1st. Last quarter I rolled based on that and then they moved it up a week and I was instantly losing on the roll as the IV popped. Looks to me based on the last few dates it will be next week and TOS will be wrong again. Would be nice if it changes before I’m forced to roll…

TEVA

#CoveredCalls – Sold TEVA NOV 3 2017 15.5 Calls @ .32

REGN

#CoveredCalls – Still keeping these in the expirations prior to earnings…

Bought to Close REGN OCT 20 2017 460.0 Call @ .10 (sold for 10.65)

Then:

Sold REGN OCT 27 2017 450.0 Call @ 3.50

TSLA

#ShortStrangles – Yesterday took advantage of the bounce to book an inverted strangle at a decent profit…

Bought to Close TSLA OCT 20 2017 360.0/350.0 Inverted Strangle @ 14.00 (sold for 17.50)

AAOI

#ShortStrangles – At various times this week…

Bought to Close AAOI OCT 20 2017 48.0 Calls @ .01 (sold for 1.20)
Sold AAOI NOV 3 2017 44.0 Calls @ 1.00

Rolled AAOI OCT 20 2017 80.0 Puts to NOV 17 2017 80.0 Puts @ 1.25 credit (basis in these down to 61.08)

GWW

#ShortPuts #IRA – Following @Iceman …. just a couple strikes higher.

Sold 1 GWW APR 20 2018 160.0 Put @ 3.80

$UVXY

Nibbled
STO Oct 27 $25 calls @ $0.33

Morning all Sold to open…

Morning all Sold to open $SVXY Nov 10th 80 Put at 1.65 with $SVXY at 101.45.

$GWW #ShortPuts – Sold 1…

$GWW #ShortPuts – Sold 1 GWW APR 20 2018 150.0 Put @ 2.90 with the stock at 204.65.
The strike price is 5 points below the yearly low

SPX puts sold

#SPXcampaign
Sold to Open $SPX Nov 16th 2465/2440 put spreads for 1.50

VXX game trades

#VXXgame
BTC $SVXY Dec 105 call for 8.20. Sold in the 90/210 strangle (pre-split) for 6.45 (effective price) in May.
Sold SVXY Dec 90 put for 6.25
Sold SVXY Dec 75 put for 1.65

#LongPutDiagonal BTC $VXX Nov 3rd 42 put for 6.90. Sold for 6.75 as a previous roll.

$UVXY #CoveredCalls – Sold UVXY…

$UVXY #CoveredCalls – Sold UVXY Oct 20 2017 20.5 Calls @ 0.15. These expire tomorrow

Closing NVDA

Been battling this trade since I put it on. Originally a 175/195 strangle for tomorrow’s expiration. I rolled the put side up twice, ending up with a 195 straddle. With today’s down move I decided to take it off for an overall small profit (.27 per contract) and move on. Who knows what today will bring.
Bought to close $NVDA Oct 20 195 straddle @ 3.90.

$MYL #ShortPuts – Sold MYL…

$MYL #ShortPuts – Sold MYL Jan 19 2018 32.5 Puts @ 0.56 with the stock at 37.77.
These will replace similar Oct puts that expire tomorrow.

$AGN #ShortPuts #OptionLadder – sold…

$AGN #ShortPuts #OptionLadder – sold these on the opening with the stock at 184.31
AGN MAY 18 2018 125.0 Puts @ 1.52
AGN MAR 16 2018 135.0 Puts @ 1.28
AGN FEB 16 2018 140.0 Puts @ 1.21
AGN JAN 19 2018 150.0 Puts @ 1.36

Good morning

We have a down opening but I can’t find a reason or any news. It must be the 1987 crash anniversary

SPX puts closed

#SPXcampaign Closed on GTC order: $SPX Oct 27th 2465/2440 put spreads for .20. Sold for 1.45 at end of Sept.

T

#ShortPuts “Having more T”. Taking advantage of 52 week low to reduce cost basis on this 5.49% yielder. STO Nov 17 36 put (ITM) @ .98 when shares at 35.79

Taking off GWW puts

With the stock finally starting to show some weakness, I closed the hedge (short Oct 200 puts) I originally sold against Oct 200 calls which I rolled to Nov earlier. Small profit.
Bought to close $GWW Oct 20 200 puts @ .45. Sold for .70 on 10/17.

AGN #FallingKnife Sold: $AGN Feb…

AGN #FallingKnife
Sold:
$AGN Feb 16 2018 150 put @ 1.50
$AGN Mar 16 2018 145 put @ 1.50

SPX puts closed

#SPXcampaign BTC $SPX Oct 19th 2550/2525 put spreads for .85. These were monthly contracts, sold last week for 3.25.

SKEW is 150 wow. this…

SKEW is 150 wow. this is the first time I see it reaching this level. This means the market will go down

$UVXY #ShortCalls – Bought to…

$UVXY #ShortCalls – Bought to close 1 UVXY Jan 19 2018 65.0 Call @ 1.28.
This is my last short strike 65 call for this month. Still short 82.0 and 91.0 Calls
Originally sold this one on 08/10/17 at 14.80.

SPX trades

#SPXcampaign Yesterday, closed on GTC order: $SPX Oct 18th 2545/2520 put spread for .45. Sold for 5.40 last week.

Today:
STOPPED: Oct 27th 2560/2585 call spreads for 10.55. Sold for 1.50 on Sept 29th.
#CondorRoll Sold Oct 30th 2535/2560/2570/2595 for 11.10. (very tight condor… I will allow either side to get 10-15 points ITM before I consider rolling)
STOPPED: Oct 19th 2555/2580 call spreads for 8.55. Sold for 1.70 on Sept 18th. Not yet rolled

Closed Oct 25th 2500/2525 call spreads for 24.20. Sold for 22.25 last Wednesday.
#ITMroll Sold Nov 1st 2515/2540 call spreads for 22.20. Added Nov 1st 2540/2515 put spreads for 2.70.

$GWW #ShortPuts – Bought to…

$GWW #ShortPuts – Bought to close GWW Dec 15 2017 120.0 Puts @ 0.05. Out 2 months early at minimum value.
Originally sold as a #FallingKnife trade in July at 1.15 and 1.25.

Long Put Diagonal futility

#VXXGame #LongPutDiagonals I’m starting to close down my ITM short puts against the Long-Put-Diagonals, without rolling them. I’ve kept up with rolling but it has become a futile exercise. I will consider new positions in either short calls or puts once we get some new volatility. But for now, I am shouldering the losses rather than building on them further.

The long term long puts are in great shape and should be ripe for closing about a year from now. That’s plenty of time to make up this month’s losses in additional short sales.

BTC $VXX Oct 20th 43 put for 8.44. Sold for 4.01 on 9/22 on a previous roll (with a 46.5 call for 1.44 that just closed for .03). That’s the basic deal; won’t be posting all trades to exit, but happy to answer any questions.

Rolling GWW

With the continued move up, I rolled the Oct 200 calls out to Nov for 2.72 credit. I’m leaving the Oct 200 put hedge to potentially expire on Friday.