#VIXIndicator CBOE is showing closing VIX price of 9.90. Upside Warning denied third time in a row!
Thanks Jeff for hosting us here,great place to share ideas!!
$SVXY $70 puts
$SVXY $75 puts
$SVXY $80 puts
$UVXY $ 22.50 calls (last $UVXY position other than Jan’19 Leaps)
$RCL $124 #coveredcalls
$DWDP $71 calls, allowing 1/3 of position to be called away
Other trades today
Rolled $V $112 #Coveredcalls from 12/22 to 12/29 for $0.50 credit
STO $RCL Jan 5 $124 calls @ $1.20 to replace those expiring today.
I’m getting really bored
— Expirations —
NUGT (Weekly) Dec 22 2017 22.5 Puts
NUGT (Weekly) Dec 22 2017 23 Puts
SVXY (Weekly) Dec 22 2017 65 Puts
SVXY (Weekly) Dec 22 2017 70 Puts
SVXY (Weekly) Dec 22 2017 75 Puts
UVXY (Weekly) Dec 22 2017 10.5 Calls (Covered)
UVXY (Weekly) Dec 22 2017 11 Calls (Covered)
$SVXY #ShortPuts – Sold Feb 16 2018 60.0 Puts @ 1.24 with the stock at 129.30
AMZN 990/1040 bull put spread
SVXY 60 puts
SVXY 65 puts
SVXY 70 puts
SVXY 75 put
I closed out my trade in MYL, the stock ran up through my short calls so I’m TTMAR. STC MYL JAN17’20 +40C-40P+35P and BTC MYL Dec29’17 39.5 calls. Net profit of 0.56.
Merry Christmas and Happy New year, to each of you, enjoy this season warmly with friends and family.
Thanks Jeff for Options Bistro.
STO Jan 12 261/257 and 271.5/275 IC for 0.19 and 0.29. Week 2 of the ladder. For others following, last week is showing a $130 profit, about what I had targeted weekly. You can either take it off or leave it for the long weekend decay. I am leaving on and will probably roll it next week.
Also rolled GILD Jan 5 76 put to feb 2 for 0.92 credit. Sold at 2.85 as previous roll/
Rolled SWKS Jan 5 102 put to Jan 19 for 1.0 credit. Sold for 4.75 off previous roll.
Rolled SVXY expiring tomorrow out to Feb 16 for 4.52-4.54credit. Sold for 2.58.
Rolled TQQQ 120 today to Jan. 26 for 1.2 credit. Sold for 2.23
Assigned early on EEM Jan 19 40 CC, weird I did not get an email confirmation, was just checking accounts and noticed they were gone. Small IRA so sold a Jan 19 SVXY 50 put at 6.55.
Merry Christmas and Happy New year (or Hanakuh) to all my trading friends at the bistro and thanks for all the ideas! Best trading year ever and I suspect next year will be even better as we all figure out the best ways to trade together.
Merry Christmas and a Happy, Healthy New Year to all
Once again Jeff, thank you for creating “Option Bistro” and all you do maintaining the site
Happy & Healthy Holiday season to all.
Fellows, Merry Christmas all & a Happy New Year !
To each and every one of the wonderful traders at Jeff’s Bistro. Thank you for a year of fellowship and profit and sharing. A wonderful place to be. Best to you and your families in 2018 and beyond.
Closed Early (but not early enough ;-)) In this case the parenthesis need not match. One is a smile!
$SPX BTC 12/22 2685/2660 BECS @ 20.40 STO @ 7.80
$TRN BTO 1/19/2018 37 call @ 1.15
$AAPL STO 1/12/2018 165/175 BUPS @ 2.00
STO January 19, 1030/1080 pull put spread @1.45
#SPXcampaign Replacing the Dec 26th spread I closed this morning:
Sold $SPX Jan 3rd 2670/2645 put spreads for 3.40.
Merry Christmas all & a Happy New Year!
I’m done for the day and heading to the other job shortly. Duty calls…plane load wanting to go JFK out to Vail Colorado today. Wish I could stay and ski but it’ll be a short night and back at it tomorrow.
Have a great weekend and a great Christmas!!
#ShortStrangles – Been selling these against Jan 197.5 puts. Killing time until earnings gets here.
Rolled NVDA DEC 22 2017 192.5 Call to DEC 29 2017 195.0 Call @ 1.02 credit.
Rolled WYNN DEC 22 2017 170.0 Puts to JAN 5 2018 170.0 Puts @ 1.75 credit
Total credit on these now up to 8.60 and total credit sold against the calls now up to 26.80. The goal will be to get a nice roll up of the calls into earnings with another nice put sale to go along with it. Could close the whole thing for a scratch but trying to keep most of it as the calls get rolled up.
$UVXY Jan 2019 long 30 puts, bought for 19.10, now 24.02
$UVXY Jan 2019 30/40 call credit spreads, sold for 1.96, now .70
$VXX Jan 2019 long 20 puts, bought for 1.77 (avg price), now 4.20
$VXX Jan 2019 50/60 call credit spreads, sold for 2.21, now 1.00
(yesterday, closed one call spread for .90)
The “diagonal” portion of these trades is currently dormant, as selling puts in these was a folly in recent months. I have not calculated total losses from the attempt, but it did take a bite out of the above profits. I anticipate scaling out of these trades starting sometime in the summer.
I also bought these cold on Sept 5th… wish I had more:
VXX June 2018 25 put, bought for 1.33, now 4.17
VXX Jan 2019 25 put, bought for 3.46, now 7.18
VXX Jan 2019 15 puts, bought for .61, now 1.83.
Look for the next volatility spike and reverse splits to get long 2020 LEAP puts.
#SyntheticStock – Looks like it’s sell Bitcoin and buy gold now…LOL. Rolling up and out a little with the break above the 200ma.
Rolled GLD DEC 22 2017 120.0 Calls to FEB 2 2018 122.0 Calls @ .25 credit
#SPXcampaign Sold to Open $SPX Jan 18th (monthly) 2620/2595 put spreads for 1.60.
In anticipation of an Upside Warning:
Bought to open $SPX Dec 29th 2700/2725 LONG call spreads for 2.50.
#RocketManHedge – Final sale on the Jan hedge. Going out to where the short 2570 position is and selling just under it locking in the gains. Could be more though with a pullback below 2575.
Sold to Open SPX JAN 19 2018 2565.0 Put @ 3.60
Max loss was 50 points with total premium received of 56.30…
#SPXcampaign Closed $SPX Dec 26th 2680/2655 put spreads for 2.50. Sold for 5.65 on Wednesday. Since this expires on the next trading day, I’m taking off risk since it’s close to ATM. Don’t want to get slammed with this if we open with a pullback on Tuesday.