Almost a buy signal on VXX at end of day. Maybe we have some vol. in the coming days, maybe not but will post the reversal when it happens.
Daily Archives: Tuesday, December 12, 2017
Missed it by THAT much
#VIXIndicator Despite hitting a new all-time high today, the VIX spiked at day’s end, ending on the highs. This means no Upside Warning yet. We’ll need three more consecutive days below 9.85. Unless we see a market drop tomorrow, signs are still bullish for year end.
$SVXY Afternoon all. Popping in…
$SVXY Afternoon all. Popping in here to show I am still alive. BTC all of my Dec 15 short 75, 85, 90, and 100 puts for various numbers of pennies. I will try to sell some Puts for December 29th probably tomorrow if not Thursday targeting 100 or 90 strikes.
RIOT not quiet
Any idea what this thing is. Awesome IV! Must be something crypto related…
SPX all (short) call spreads closed
#SPXcampaign Closed my last two remaining call credit spreads:
Closed $SPX Dec 20th 2590/2615 call spreads for 24.35. Sold ITM for 20.45. Waiting to replace when upside move tires out.
Closed SPX Dec 29th 2710/2735 call spreads for 2.25. Sold for 1.40 on Dec 1st.
Waiting to roll both tomorrow. Depending on how CBOE calls the close on VIX, we may or may not have an Upside Warning.
#TakeOneForTheTeam – Let’s see if this works…
Sold SVXY DEC 29 2017 130.0/125.0 Bull Put Spread @ 2.98
#ShortStrangles Added to the short side of my $RH strangle, sold Dec 29th 90 puts for 1.20 and 1.30.
SVXY #ShortPuts BTC Dec22 70…
BTC Dec22 70 puts @ .15 83%
BTC Dec29 75 puts @ .40 80%
Unpacking these before year end, no remaining 2017 positions to deal with over holidays and “Gubment” wrangling, already seeing some defections re: tax bill debt sizing.
STO Mar 16 70 puts @ 2.60 adding to ladder. Thanks @jsd501
Yesterday and Today
$ROKU BTC 12/15 30/35 BUPS @ 93% profit
#spxcampaign Thank you @jeffcp66
$SPX STO 12/15 2635/2660 BUPS @ 3.00
$SPX STO 12/22 2635/2660 BUPS @ 8.70
$WUBA STO 1/19/2018 75 puts @ 5.50
#VXXGame Yesterday, Bought to close Dec 15th VXX 30 call for .55. Sold for 6.50 avg price in October.
Today, Bought to close $SVXY March 122 call for 16.20. Sold in a strangle for 19.35 on 10/27
Sold SVXY June 85 put for 8.95
Sold SVXY June 160 call for 8.90
APA, STO July 32.5 puts @1.45, hat tip to iceman for the idea
SVXY, STO February16, 75 puts @2.15
SPX reverse roll
#SPXcampaign Stopped: $SPX Dec 15th 2680/2705 for 3.55. Sold in a #CondorRoll last week.
#ReverseRoll Sold Dec 15th 2660/2635 put spreads for 3.80.
Also, closed on GTC order:
Dec 15th 2610/2585 put spreads for .20. Sold for 3.40.
Closed down my VRX trade, that booger took off like DIS did! BTC VRX Dec29’17 16.5 calls for 5.15 sold these last week for 1.31. Sold my VRX Jan17’20 synthetic stock (+15call -15put +12put) for 8.90, I bought it on 11/07 for 2.72. Net gain of 1.53 on 10 contracts. Thanks Fuzzy!
Replaced with a #Fuzzy that Sue came up with, looks interesting. BTO TWTR Mar’18 +22call -22put +18put for 0.71, STO TWTR Dec15’17 22.5 calls for 0.17. Thanks Sue!
New all-time high in SPX
We’re off and running… Upside Warning going into effect at the close, provided VIX closes below 9.85
SPX Put spread
BTC 2410/2510 December 18, bull put spread @ .15 cents, sold @ 1.65
#SPXcampaign Sold to Open $SPX Jan 12th 2580/2555 put spreads for 1.50.
Closed on GTC order: Dec 29th 2500/2475 put spreads for .20.
STO March 70 put @ 2.70 on 1 contract
STO March 75 put @ 3.25 on 1 contract
SPX hedge through March
With my current #RocketManHedge looking like it has a good chance of turning a decent profit ( in spite of moving against me from almost the first day) I’m adding another out about 90 days. This one is slightly more expensive since I’m setting up a little above the market but giving it a couple extra weeks to make up the difference.
#SyntheticShort -A little hedge out through March expiration…
Synthetic short stock with a protective call. 49.00 debit with max loss of 54.00:
Sold SPX MAR 16 2018 2670.0 Call @ 46.23
Bought SPX MAR 16 2018 2670.0 Put @ 51.97
Bought SPX MAR 16 2018 2675.0 Call @ 43.26
Need to collect 4.15 per week to cover the max loss so:
Sold SPX DEC 18 2017 2650.0 Put @ 5.40
Selling Monday and then looking to double up on the following Friday…
STO March 65 put @ 2.20 on 1 contract.
#ShortStrangles – I tried doing one of these in ISRG yesterday but couldn’t get a decent fill. I definitely agree with @smasty ‘s view on the market makers in ISRG. They’ll squeeze you for every penny. So..I’m stealing one of her tickers that looks interesting with decent premium. My first time in this one as far as I can remember.
Going out a few weeks but definitely before next earnings…
Sold NTES JAN 5 2018 315.0/425.0 Strangle @ 5.50