Closed early SPX Campaign / Short Puts

$SPX BTC 12/20 2635/2660 BUPS @ .80 STO 12/8 @ 10.70 Thank you @jeffcp66
$HES BTC 1/19 35 put @ .05

$AKAM #ShortPuts – Bought to…

$AKAM #ShortPuts – Bought to close AKAM Jan 19 2018 37.5 Puts @0.01. Out a month early
Sold in May at 1.14 and again at 1.43 as a #FallingKnife trade.

12/18 Day Done

11. Added an RCL #Fuzzy Mar 125/125/115 for 3.59 and Dec 29 128 short calls for 1.00
12. Added CSX #Fuzzy May 52.5/52.5/46 for 2.24 and Dec 29 54 short calls for .60
13. Scratched the SPX #bitty in the #FuzzyBear account because this market is nuts and wanted to re-establish as much negative delta as I can
14. LMT #Fuzzy Closed it out! These are not meant to be day-traded, but I put it on at the low and quickly got $773 net profit (20%), so closed it to take off risk. A lot of slippage when these are day-traded.
15. 2 short /NQ for overnight

SPX trades

Closed $SPX Jan 12th 2730/2755 call spreads for 3.50. Foolishly sold on Friday for 1.50.

#ReverseRoll Sold to Open Dec 20th 2690/2665 put spreads for 3.90

EDIT: was not filled on Jan 18th (monthly) 2600/2575 put spreads for 1.45

#ironcondor #jadelizard GILD Kind of…

#ironcondor #jadelizard GILD

Kind of following a jade lizard at TastyTrade, sold Jan. 19 73/78/79 jade lizard, added a 66 put, all for 1.03

VXXgame pre-spreading

#VXXGame Starting a new experiment today. With $UVXY at all-time lows again, I bought some far OTM calls for cheap. This should lessen the margin requirement to sell lower strike calls on the next vol spike. Since I have portfolio margin these positions should help me overall with carrying short volatility trades. I will add some more positions in the coming days/weeks if we continue to barrel higher.

Bought (10) March 91 calls for .15 each.
Bought (1) Jan 2019 75 call for 1.70.

Highest available strikes on each.


#ShortPuts – Last of the cheapies gone…

Bought to Close SVXY JAN 19 2018 42.5 Put @ .25 (sold for 2.10)


Not going to be around much this week but CSX setting up for possible #Fuzzy

BTC SWKS 18 DTE 104…

BTC SWKS 18 DTE 104 call at 0.5, sold for 0.95. Mostly to free up margin.

Now positions are all covered with LEAPs/stock so have time to sell weekly options without tapping into too much margin now, not intentional but will make lemonade from yellow snow.

So the SPY weekly trades will be called #spycraft
May add call side to leg into IC if we have a reversal. Momentum slowing but do not have an official signal yet. As soon as we do I will post. Looking at the 18 DTE 273/277 call spread although quotes at that level are not showing at the moment. The 273/275 currently 0.16.

Currently only have the 18 DTE put spread at 261/257 sold for 0.21. Currently trading for 0.12 so an option is to close at 50% profit. Personally, I am going to wait until reversal signal to add the call spread then close/roll the entire thing close to expiration.

12/18 trades

1. DHI (neutral/short skewed IC) needed a little defense, so rolled the short calls from 50 to 52. New upside break even is 53.10.
2. SPX stopped out of the qty 1 BECS 2755/2730, closed for 3.85
3. SPX #FuzzyBear BTC 2625 put hedge for .55 (sold at 3.00) for $2450 profit. STO Dec 27 2625 for .75. New net number: Total profit $5898, Debit basis: 33.50. Also added a Dec 26 #Bitty (in 2 accounts) 2680/2675 for .85 (not included in net numbers).
4. LMT new #Fuzzy on down bar today: Mar 320/320/310 for 6.13, sold Dec 22 322.5c for 1.14, already up nicely.
5. TXN #BUPS hit over 50% target for $470 profit
6. FLIR #ShortPuts hit over 50% target for $700 profit
7. RCL STO #BUPS Jan 123/120 for .73 cr
8. DWDP This is a fun one, I opened a #Fuzzy on this last week but delayed buying protection for a 1% up move, I had an order queued for the move and it hit today, so my protection is cheap cheap at .40 (mar 62.5p)
9. TWTR Rather than roll a DITM Fuzzy I closed the whole thing for $440 profit
10. FAS New #Fuzzy in 2 accounts, I really like the setup. Apr 70/70/60 for 2.08, Dec 22 71c for -.48

Rolling some #vxxgame hedges out…

Rolling some #vxxgame hedges out
Unbelievable that we’re here but here we are 🙂
With SVXY hovering around 130, I’m moving these short calls back out of the money for credits.

  • Rolled $SVXY Mar 16 123 calls up and out to Jun 15 135 calls for 1.78 credit
  • Rolled $SVXY Jun 15 122 calls up and out to Jan 18 2019 150 calls for 1.64 credit

NUGT call

#ContangoETFs Sold $NUGT Jan 2019 50 call for 4.10. This offsets the $DUST 50 call I sold for the same price a couple weeks ago. I’m building a NUGT ladder to match the one I have in DUST… short calls only on both.


Sold to open, January 2019, 55 puts @7.55

#spxexpectedmove sto condor 2715/2735 call-2620/2600…


sto condor 2715/2735 call-2620/2600 put DEC 22 @1.50

experiment for expected move between today and this Friday.


Covered calls on TWTR

Nice move today.
Sold $TWTR Jan 26 24.50 calls @ 1.02 with the stock at 24.02. The IVs don’t increase until after the 1/26 expiration so I’ll assume earnings won’t be until early Feb.
These were sold against stock I was already long.

STMP stock sold

#Earnings #LongStock Sold half of my remaining shares of $STMP for 180.85. Cost basis is 182.35. I’ll hold my remaining 100 for a higher exit, so I can at least breakeven on this one.

$NUGT #CoveredCalls – Sold NUGT…

$NUGT #CoveredCalls – Sold NUGT Jan 19 2018 30.0 Calls @ 1.06 with the stock at 27.70

$UAA #CoveredCalls – Sold UAA…

$UAA #CoveredCalls – Sold UAA Dec 22 2017 15.5 Calls @ 0.40 with the stock at 15.64. These expire this Friday.

$UAA #ShortPuts – Bought to…

$UAA #ShortPuts – Bought to close UAA Jan 19 2018 15.0 Puts @ 0.60. The stock has had a nice run so I’m exiting early on this position.
Sold on 08/29/2017  @ 1.11

SPX puts closed, freight train barrels on

#SPXcampaign Closed on GTC order:
$SPX Jan 5th 2525/2500 put spreads for .20. Sold for 1.45.

Looks like I’ll be stopping my only short call spread: the Jan 12th 2730/2755 sold last week. Not sure when I can sell those safely again. We already hit my target for the 29th: 2690. That’s where I have an #IronButterfly centered. Reached the target only one day after selling it.


Good Morning all

Good Morning all

Econ Calendar for week of 12/18/17

Be sure to periodically click “Home/REFRESH” to keep Bistro features updated.

Screen Shot 2017-12-18 at 5.35.53 AM