Messing around here…can anyone open this file?
https://www.dropbox.com/s/i25ehuqnkjy695r/Whiz.3gp?dl=0
EDIT…seems like he should be aware of the max risk in a trade without depending on the software. Especially since he claims they are so unreliable! Not a huge deal…trade will still probably work but something to keep an eye on before a trader loads up on a portfolio of positions that could be open to much more risk than he thinks…
#spxcampaign
$SPX STO 11/17 2585/2560 BECS @ 12.70 and then BTC during the day @ 10.00. I keep closing profitable trades early and let losing trades lose more. Not sure there is a connection. Mmmmm Thank you for the idea @jeffcp66
$SPX BTC 11/24 2585/2560 BECS @ 13.40. STO 11/10 @ 18.50 Thank you @jeffcp66
#earnings
$WMT STO 11/17 95/90 BECS @ 1.25
#vxxgame
$SVXY STO 12/15 75 put @ 1.85 Thank you @optioniceman @vxxkelly @jdietz1954 You are all over these.
$SIG #ShortPuts – Bought to close SIG Jan 19 2018 35.0 Puts @ 0.05. It doesn’t expire until next year.
Originally sold in May at 1.15, 1.30 and 1.35 as a #FallingKnife trade.
Also short the Jan 40 Puts which are bid at a nickel. Just waiting for the fill on my order at 0.05.
Been adjusting this position since I put it on in late September. Originally a Nov 62/71 strangle but with the move up I rolled the puts a couple of times and ended up going inverted into a 72 put/71 call strangle. I just rolled this position out a month to Dec and widened the strikes back to a normal strangle for a credit.
Rolled $EWY Nov 17 71/72 inverted strangle out to $EWY Dec 15 70/71 strangle @ .78 credit.
With EWY just under 75 there’s some room here if the South Korean markets get spooked.
#RocketManHedge – Extra volatility allowing two sales per week for now. Selling against Jan monthly synthetic short. Looks like I’ll more than cover max loss with any selloff being really nice profit.
Bought to Close SPX NOV 15 2017 2565.0 Put @ .30 (sold for 5.70 last Friday)
Sold SPX (Monday) NOV 20 2017 2565.0 Put @ 8.00 (will roll down if we implode)
$SVXY #ShortPuts – Sold a couple more today
Sold 1 SVXY DEC 22 2017 75.0 Put @ 2.50
Sold 1 SVXY DEC 29 2017 75.0 Put @ 2.90
#earningstrade WMT
Followed from Tastytrade Dec. 15 80/90/90/100 #ironbutterfly for 4.38
#SyntheticStock – Using the pullback to get a little better fill on a roll up of the front month position.
Rolled AMZN DEC 15 2017 1000.0 Call to JAN 19 2018 1010.0 Call @ 1.70 debit
Picking up another 8.30 of upside with plenty of downside cushion…poor man’s trailing stop. Reduces front month premium received to 47.45. Trade runs all the way to June 2019 so 19 more roll ups to go. It’s gotta level off at some point (doesn’t it?)…
Finally have time to look at the market, I see we bounced from the lows this morning. That did not last long but at least the VIX is high enough to sell some /ES again.
STO only 2 contracts 44 DTE /ES 2360 put at 6 and 2660 call at 2.25. Market makers sticking with natural price today, could not get the mid point.
Only have enough cash for 1-2 of these each week. Plan is to add another one each W-F starting as close to 45 DTE as possible and harvest profits in 3-4 weeks as an #optionladder.
An extended move in either direction will use the future to hedge which currently requires 6k for each contract.
These are delta 8 options and usually decay to delta for in 3-4 weeks.
#ShortCalls -Just to offset a little of my long risk in January:
Sold 1 SVXY JAN 19 2018 120.0 Call @ 3.20
Sweet spot in Jan is 105-120…
#SPXcampaign Closed a few more, without rolling yet:
Closed $SPX Nov 22nd 2590/2565 put spreads for 11.80. Sold for 8.60.
Closed Nov 22nd 2595/2620 call spreads for 1.90. Sold for 6.55
Closed Dec 1st 2630/2655 for .45. Sold for 1.60
Closed Nov 20th 2575/2600 call spreads for 5.85. Sold for 14.60 on Nov 6th.
#ReverseRoll Sold Nov 27th 2560/2535 put spreads for 5.40
Sold Nov 27th 2585/2560 put spreads for 10.15, as a partial roll of Nov 16th spread stopped this morning
Stopped Nov 17th 2560/2585 call spreads for 11.90. This was sold this morning for 9.40.
Sold Nov 29th 2565/2590 call spreads for 13.55, as an #ITMroll from Nov 22nd call stopped tis morning.
#SPXcampaign #VIXIndicator It’s becoming clear that Downside Warning needs to be scrapped. I’m taking it off the site and will determine a new strategy. The trigger will remain only as a set up for the eventual Upside Warning, which has been working like a charm.
$CAT #CoveredPuts
Sold against my short stock position:
STO $CAT Dec 29 128 puts @ 1.41.
Strike price is below the 50 day moving average.
STO Nov 24 $80 puts @ $0.50
STO Dec 29 $70 puts @ $2.00
STO December 29, 65 put @1.60
Closed Nov 17th 2500/2475 BuPS for 0.20 off a GTC order. Yay!
#SPXcampaign Got stopped near the lows on some put spreads that were expiring today and tomorrow. Worst time to close them.
Stopped Nov 15th 2565/2540 put spreads for 8.10
#ReverseRoll Sold Nov 17th 2560/2585 call spreads for 9.40 (I will have to stop this by end of day if we don’t drop)
Stopped Nov 16th 2585/2560 put spreads for 16.90. No roll yet.
Stopped Nov 22nd 2555/2580 call spreads for 14.30. Rolling to a Nov 29th call spread as we move higher.
Well, if this does not turn into more of a correction, I will replace the Downside Warning with Iceman’s BTFD billboard. April was the last time we actually had some follow through on a downside warning, and it was only minor. Otherwise they have only meant buy the dip.
I can also say that the ITM call-spread rolling that worked beautifully before is NOT working for me this time. I experienced the usual drawdown, but have been stuck now with too many spreads close to the money and getting whipsawed on days like today. I am having to cease with selling rolls on some spreads I am closing, mainly because I need to get back to the standard strategy of 10-12 delta OTM spreads.
For now, I’m watching to see how the day ends. My main goal is to get call spreads closed while we’re down, as the inevitable move will be higher. However, we can’t shut the door on a correction before year’s end. I don’t know how much the delay of tax cuts will effect the market, but it is my opinion that nothing will be passed before Christmas. That could mean a deeper correction, but more likely a BTFD.
#IRA – Sold 1 SVXY FEB 16 2018 60.0 Put @ 2.88
Sold $SVXY Dec 29 70 put @ 2.10
Dipping a toe into 2020 here to get something on the books at the highest strike. Will wait for more strikes to be added before selling more.
Sold $UVXY Jan 17 2020 33 call @ 10.00.
#VXXGame
$SVXY #ShortPuts – a couple of orders filled this morning with the stock just below 100.
Sold SVXY Dec 8 2017 65.0 Puts @ 0.67
Sold SVXY Dec 15 2017 65.0 Puts @ 1.22
Sold SVXY Dec 22 2017 65.0 Puts @ 1.25
Sold SVXY Dec 29 2017 65.0 Puts @ 1.59
and
Sold SVXY Dec 29 2017 60.0 Puts @ 1.25
$UVXY #ShortPuts – Bought to close 2 UVXY Nov 17 2017 14.0 Puts @ 0.01.
We all know that the VIX could collapse at any time.
Sold these on 11/03/2017 at 0.60.
@fuzzballl RE: your post yesterday, interesting stuff…more info 4 u.
Interactive Brokers warns on bitcoin futures
http://www.seekingalpha.com/news/3312462
#VIXIndicator The Upside warning that started on Sept 22nd was finally canceled at the open today, as the VIX is now over 50% higher than its low on Nov 3rd. This constitutes a signal for the downside. A full downside warning will happen if we reach 14.38 today.
These red flags are lurking below a market at record highs
“Fast Money” traders discusses which stocks are safe to buy as they dip lower.
Watch: http://video.cnbc.com/gallery/?video=3000671223
#SPXcampaign Forgot to post this yesterday. A put spread hit my stoop on the morning lows so I closed it, as well as its offsetting call spread (at a profit). I did not roll it yet.
Stopped $SPX Dec 8th 2510/2485 put spreads for 2.88.
Closed SPX Dec 8th 2650/2675 call spreads for .42.
Both spreads sold as an #IronCondor last week for 3.05.
Is today with vix at 12.93 and rising a good day to sell puts in this product?
According to zero hedge, Denis Gartman thinks the bear market is upon us. If true to form, we should buy the dip.
Options Bistro 