First look at the market this morning, is that really a lower low and lower high on the chart? Looks like someone inverted my charts…………at least on a 5 and 15 minute.
Monthly Archives: October 2017
RH earnings roll
#Earnings #ShortStrangles. $RH
Sept 5th: Sold Sept 8th 36/64.5 strangles for 1.10
Sept 7th: Rolled 64.5 calls to a Oct 20th 65/75 strangle, .44 credit.
TODAY: Closed strangle for 4.19. Rolled to Oct 27th 72/80 strangle for 4.25.
Now look for them to expire worthless with 1.60 total credit.
EFX
#ShortPuts #IRA – Played the bounce on this thing in a couple different accounts. Pretty happy capturing over half of max in all cases. Going flat now and will be looking for an earnings trade on it.
Bought to Close 1 EFX Apr 20 2018 55.0 Put @ .75 (sold for 2.25)
Bought to Close 1 EFX Apr 20 2018 60.0 Put @ .91 (sold for 2.20)
$SVXY #ShortCalls – did a…
$SVXY #ShortCalls – did a major #Rollup of ITM Calls to avoid assignment.
I am still long some SVXY stock but those shares are covered by next week’s calls.
Bought to close SVXY Oct 6 2017 85.0 Calls/Sold SVXY Jun 15 2018 115.0 Calls @ 0.90 Credit
Bought to close SVXY Oct 6 2017 87.0 Calls/Sold SVXY Mar 15 2018 100.0 Calls @ 4.25 Credit
Bought to close SVXY Oct 6 2017 87.0 Calls/Sold Jan 19 2018 100.0 Calls @ 0.42 Credit
It’s getting KOLD
#Contango ETFs Nat Gas moving up, and KOLD has re-entered sell territory.
Sold to Open $KOLD Feb 50 call for 2.95. I went pretty far above mid-price and got filled immediately, so you can probably get more than I did. This is my only position in KOLD.
COST
STO January 2018, 145 puts @2.05
STO April 2018, 140 puts @3.05
JOBS report for September
U.S. lost 33,000 non-farm payroll jobs in September, vs. +90K expected.
First negative monthly number since 2010.
Unemployment rate DOWN 0.2 to 4.2%.
U6 dropped to 8.3%, its lowest since June 2007.
Avg hourly earnings up +0.5%, a bigger jump than usual.
Labor Force Participation up to 63.1%, its highest all year.
http://money.cnn.com/data/fear-and-greed/
#Markets – this gauge is at new highs
http://money.cnn.com/data/fear-and-greed/
$UVXY #ShortPuts – for lack…
$UVXY #ShortPuts – for lack of anything else to do
Sold UVXY Oct 20 2017 17.0 Puts @ 0.61 with the stock at 18.41
SPX Campaign
#spxcampaign
$SPX STO 10/20 2485/2510 BUPS @ 1.40
$VIX – Another Day, Another…
$VIX – Another Day, Another Record High – S&P up 8 days in a row (longest win streak in 4 years) and 6 record highs in a row (longest streak since 1997) and today was the best day in a month…
VIX traded as low as 9.13 today…
The market is NEVER going down LOL
$CF $JWN $PRGO $TSN $VFC…
$CF $JWN $PRGO $TSN $VFC – harvesting gains on former #FallingKnife trades at minimum prices.
Bought to close CF Nov 17 2017 20.0 Puts @ 0.01
Bought to close JWN Oct 20 2017 32.5 Puts @ 0.01
Bought to close PRGO Nov 17 2017 55.0 Puts @ 0.05
Bought to close TSN Oct 20 2017 52.5 Puts @ 0.01
Bought to close VFC Nov 17 2017 45.0 Puts @ 0.01
Test
I keep getting logged out.
GOOGL BUPS
#shortputs
$GOOGL STO 11/10 850/890 BUPS @ 2.85
Trying To Back Into KEM
#shortputs
$KEM STO 10/20 24 puts @ 1.15 with stock at 23.59
DXCM Puts
#shortputs
$DXCM STO 10/20 45 puts @.55
$COST Covered Call/Closed $UUP
#coveredcalls
$COST STO 10/8 170 call @ 1.00. Earnings tonight. Small hedge if all goes not as planned.
Closed
$UUP STC 10/6 24 call @ .38 BTO 9/14 @ .18
TLT
@fuzzballl What is your current position with rolling strangles on $TLT?
$UVXY #ShortCall – Bought to…
$UVXY #ShortCalls – Bought to close 1 more UVXY Dec 15 2017 65.0 Call @ 0.98.
Sold this one on 08/10/17 @ 9.00.
Still 3 more to go, sold at higher prices.
Thurs trades
Rolled this week WDC to 15 DTE 86 call to 85 call for 1.00 credit
Rolled this week SVXY 70 put to 11/3 70 for .96 credit
Maybe we are finally hitting the euphoric phase of the bull market and will get a reversal soon. There is more risk than ever and people keep piling money into it. Also 401 k hit all time high which usually only happens at the tops since I can only trade underperfoming mutual funds in it.
$REGN Trading Halted
$REGN Trading Halted
Good morning from Williams, AZ
Click “Home/REFRESH” to update the site.
Good morning
I continue to hope for volatility.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close the next to last of my UVXY JAN 19 2018 65.0 Calls @ 1.74.
This one was sold on 08/10/17 @ 12.80.
A nice gain for an option trade.
$LB #CoveredCalls – Sold LB…
$LB #CoveredCalls – Sold LB JAN 19 2018 50.0 Calls @ 1.25 early in the day.
$KHC #ShortPuts – Sold 1…
$KHC #ShortPuts – Sold 1 KHC JAN 19 2018 72.5 Put @ 1.40. A #FallingKnife trade.
Closed Early/Expired With Loss
#spxcampaign
$SPX 10/6 2460/2485 BUPS @ 98% profit
Expired With Loss
$SPX 2540/2515 BECS I must be quicker to get out. I’d write it a thousand times but I would be better served by doing it once.
$VRX #ShortPuts – Bought to…
$VRX #ShortPuts – Bought to close VRX Oct 20 2017 7.5. Puts @ 0.01. It won’t trade any lower.
#FallingKnife trade.
Sold on 04/05/2017 at 1.05, and again on 04/21/2017 at 1.35.
Excellent ROI on this low cost stock.
$EFX #ShortPuts – Bought to…
$EFX #ShortPuts – Bought to close 1 EFX Oct 20 2017 75.0 Put @ 0.05. It won’t trade any lower.
Sold this not that long ago. #FallingKnife trade.
Sold on 09/13/2017 @ 1.20
$AYI #ShortPuts – Bought to…
$AYI #ShortPuts – Bought to close 1 AYI NOV 17 2017 120.0 Put @ 0.05. It won’t trade any lower and this is a high priced stock with over 6 weeks left until expiration.
Sold on 05/12/2017 at 1.80
#spxcampaign btc short side for…
btc short side for .15
of 2 day on and off ,10/04/2017.. 2540/2550 had sold spx for .55
Market
I can’t take this anymore. It is too boring so I am going to the gym early. See you tomorrow.
SPY hedge
#RocketManHedge – Been thinking about this for awhile. Having a great year with account at all time highs. Don’t really want anything crazy to mess up a good year so I’ve been looking at some hedges out towards end of year. Looked at SPX, /ES, VIX, and SPY.
Finally decided on SPY with a synthetic short with defined risk to the upside and protection all the way to zero. It was then just a matter of how much insurance to get. I’m already hedged on a lot of my stuff but there is still some risk there if Rocket Man pulls anything crazy.
Here’s the details:
Sell to Open 2 SPY DEC 15 2017 253.0 Calls @ 4.28
Buy to Open 2 SPY DEC 15 2017 253.0 Puts @ 4.24
Then to cap upside risk:
Buy to Open SPY DEC 15 2017 254.0 Calls @ 3.65
Cost of trade $722 with max loss of $922
Max gain of $49,878 (protection to zero)
Breakeven of SPY 249.39
Questions, comments, criticisms always welcome!
Closing Oct MYL
Bought to close $MYL Oct 20 32.50 puts @ .04. Sold for 1.10 on 4/3.
AVGO
#ShortStrangles – Haven’t been in this one in awhile…selling well before earnings.
Sold AVGO NOV 10 2017 225.0/260.0 Strangle @ 4.45
TSLA
#ShortStrangles – Some “expert” gave it a $500 price target this morning so it’s breaking above the 50ma. Rolling my entire strangle up to slightly in the money.
Rolled Oct 20th 345/355 Short Strangle to Oct 20th 360/365 Strangle @ 1.50 credit.
Total premium received is now 15.90 so new breakeven is 344.1 – 380.9
$DVN #ShortPuts – Bought to…
$DVN #ShortPuts – Bought to close DVN OCT 20 2017 29.0 Puts @ 0.01
$ESRX #ShortPuts – Bought to…
$ESRX #ShortPuts – Bought to close ESRX OCT 20 2017 52.5 Put @ 0.01.
Sold on 05/11/17 at 1.36
$RL #ShortPuts – Bought to…
$RL #ShortPuts – Bought to close RL JAN 19 2018 50.0 Put @ 0.05. Doesn’t expire until next year.
Sold on 05/16/17 at 1.30.
$SWKS #ShortPuts – Bought to…
$SWKS #ShortPuts – Bought to close 1 SWKS NOV 17 2017 70.0 Put @ 0.05.
Sold on 06/29/2017 at 1.15
$VFC #ShortPuts – Bought to…
$VFC #ShortPuts – Bought to close 1 VFC NOV 17 2017 47.5 Put @ 0.05.
Sold on 05/17/17 at 1.16
$AYI #ShortPuts – Bought to…
$AYI #ShortPuts – Bought to close 1 AYI NOV 17 2017 105.0 Put @ 0.05. It won’t trade any lower and this is a high priced stock with over 6 weeks left until expiration.
Originally sold on 05/26/2017 @ 1.10 as a #Fallingknife trade.
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Are you coming this weekend?
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I’ll be in New York this weekend for our annual picnic in Central Park. We missed last year, but are back on track for Saturday. I’m looking forward to hanging out with anyone who wants to stop by. I’ve known several of our members for more than 10 years, so it will be nice to get together with some old friends.
Meanwhile, I’ll see you in the forum.
–Dan
$MYL #CoveredCalls – Sold MYL…
$MYL #CoveredCalls – Sold MYL APR 20 2018 42.5 Calls @ 1.79 after the big gap opening.
#spxcampaign sto nov 3 call…
sto nov 3 call 2585/2610 @ 1.50
Interesting volatility site…
My brother sent me this earlier today…
http://volatilitytradingstrategies.com/
Vix finally starting to tick…
Vix finally starting to tick up with the market at all time highs so someone is starting to at least buy a few spx puts.
I know the market can keep moving longer than I can stay solvent, learned that lesson a long time ago, but the last 2 weeks have been ridiculous!
Everything that is stock related has gone parabolic. Some market guru (oil trader I think) was quoted as saying bull markets die on euphoria. Are we there yet?!
Short Put/Long Call – Not Fair, But Balanced?
#shortputs
$GS STO 10/20 220/230 BUPS @ .67 with $GS @ 242
#longcalls
$PAYX BTO 10/20 62.50 calls @ .50 Expecting take off after good earnings this morning
$X #ShortPuts – Bought to…
$X #ShortPuts – Bought to close 1 X Oct 20 2017 17.0 Put @ 0.01. It won’t trade any lower.
Originally sold on 05/17/2017 at 1.47
$KHC #ShortPuts #FallingKnife – Sold…
$KHC #ShortPuts #FallingKnife – Sold 1 KHC Apr 20 2018 70 Put @ 1.65.
#shortcallspreads TSLA Closed 2 Oct…
#shortcallspreads TSLA
Closed 2 Oct 20 TSLA 385/390 BeCS for .31 sold Sept 26 for 114
#ironcondor AMZN Sold Oct. 20…
#ironcondor AMZN
Sold Oct. 20 915/920/1000/1005 IC at 1.24, stock at 962, earnings Oct. 25
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close UVXY3(5 shares) Jan 19 2018 60.0 Calls @ 0.01.
Cleaning up old positions in several accounts.
Originally sold on 10/13/16 @ 6.75 and again on 11/03/16 @ 7.30
HCA
I have a Nov. 17 82.50 put I’ve rolled from an earnings strangle gone wrong (going to be allright).
Looking at HCA, today there have been exactly 1000 82.50 puts and calls traded , no other options traded at any price so far. hmmm
$MYL #CoveredCalls – Sold MYL…
$MYL #CoveredCalls – Sold MYL NOV 3 2017 35.0 Calls @ 0.38 with the stock at 32.43
$TSCO #ShortPuts – Bought to…
$TSCO #ShortPuts – Bought to close TSCO Oct 20 2017 55.0 Puts @ 0.05.
They won’t trade any lower.
Originally sold on 04/13/2017 at 1.25.
$MRO #ShortPuts – Bought to…
$MRO #ShortPuts – Bought to close MRO Oct 20 2017 11.0 Puts @ 0.01.
They won’t trade any lower.
Originally sold on 04/19/2017 at 0.37 and added more on 05/05/2017 at 0.46.
SPX trades
#SPXcampaign.
Yesterday, Stopped $SPX Oct 9th 2515/2540 call spreads for 13.45. Sold in a #CondorRoll for 9.95 on Sept 18th.
Sold Oct 6th 2515/2490 put spreads for 2.00.
tt Research Cherry Picks
http://tinyurl.com/ydytn8jz
Good morning
SPX Campaign/Short Puts
#spxcampaign
Following the @jeffcp66
$SPX STO 10/16 2500/2475 BECS @ 22.80
$SPX STO 11/3 2600/2575 BECS
#shortputs
$WYNN STO 10/20 135/145 BUPS @ 2.45
RIP Tom Petty
#OffTopic – Aw man….saw him a few times. That sucks.
https://chicago.suntimes.com/news/tom-petty-on-life-support-after-being-found-unconscious-tmz/
Another close, another record. At…
Another close, another record. At some point this is not going to end well for a lot of people but until then I plan to keep a lot of cash handy.
Can make more money in a bear market quicker!
Trade smart and keep some powder dry…………..
Reducing some more of my short volatility position
Into market strength. I still have other positions in these months.
Bought to close:
$UVXY Nov 17 80 calls @ .29. Sold for 3.20 and 3.70 on 9/5.
$UVXY Dec 15 82 call @ .85. Sold for 11.00 on 8/11.
Closing some more NUGT
Took some December positions off for most most the profit. Frees up some buying power.
Bought to close:
$NUGT Dec 15 58 calls @ .38. Sold for 4.30 on 5/24, 5.00 on 6/6, 2.00 on 8/28.
$NUGT Dec 15 60 calls @ .34. Sold for 2.10 on 8/31.
$NUGT Dec 15 63 call @ .27. Sold for 2.80 on 9/7.
$TSN #ShortPut – Bought to…
$TSN #ShortPuts – Bought to close 1 TSN Jan 19 2018 47.0 Put @ 0.05.
It won’t trade any lower and it won’t expire until next year.
Originally sold on 05/17/17 at 1.20 as a #FallingKnife trade
Closing Oct FLR
Position is now profitable after spending months in the red. With the stock now just above the strike and still almost 3 weeks to go until expiration I decided to take it off for near 60% of the profit before it changes its mind.
Bought to close $FLR Oct 20 42.50 puts @ .59. Sold for 1.40 on 5/5.
$RRC #CoveredCalls – Sold RRC…
$RRC #CoveredCalls – Sold RRC DEC 15 2017 27.0 Calls @ 0.25
$SVXY Sold to open Nov…
$SVXY Sold to open Nov 3rd 85 Put for 3.10 when $SVXY was at 95.67. Reentered after the assignment last Friday.
#SPX #SPXcampaign Closed my spreads…
#SPX #SPXcampaign Closed my spreads this morning, Oct 13 2565/2545/2420/2400 for a 0.46 profit after commissions. I decided to close my Oct 20th 2570/2550 call side and am waiting for the 2380/2360 to close which will close this one out for a loss of around 0.50. I closed my Oct 27th 2585/2565/2320/2300 for a loss 0.55 loss
SVXY
STO December 2017, 40 puts @.84
VXX
#LongPutDiagonals #SyntheticShortStock – Rolling the whole position for now. On this one looking at maybe later on rolling half to 2019 ITM call spreads @ even (possibly around a 20/30 BeCS) and just regular rolling the other half.
Rolled VXX OCT 20 2017 42.0 Puts to JAN 19 2018 38.0 Puts @ .80 credit
UVXY
The #LongPutDiagonals may be slightly disappointing with their performance but these sure aren’t!
Bought to Close UVXY OCT 20 2017 50.0/65.0 Bear Call Spreads @ .08 (sold for 1.20)
WDC rolled this week 87…
WDC rolled this week 87 put down to 86.5 DTE 18 for 0.33 credit. Quicker on this one to take assignment and convert to CC but I have some margin that releases next week and will make taking the shares easier on the account.
UVXY
#LongPutDiagonals #SyntheticShortStock – Taking my medicine on this one…tired of looking at it. Spending some of the front month premium received to roll way out and down.
Rolled UVXY JAN 19 2018 20.0 Puts to JAN 18 2019 10.0 Puts @ 1.47 debit.
Weekly puts had brought in 2.87 so leaving 1.40 in credit on these which caps my gains to the downside at 8.60.
So…synthetic short at 30.00 with max gain capped at 21.40 points with UVXY below 8.60 on the downside.
21.40 max gain minus the cost of the trade of 16.30 leaving a gain of 5.10 per spread. Ok but not great. It was done in a big enough size to definitely make it worthwhile. I think @vxxkelly has the right idea on this one…set it and look at it again in a year without messing with any front month positions.
Hey…what can I say?…LOL It was an experiment that hopefully everyone that tried it makes a little with almost zero stress in the trade!
🙂 🙂
Options Bistro 