Is it finally getting off its ass?
Monthly Archives: December 2017
$FOSL #ShortPuts – Bought to…
$FOSL #ShortPuts – Bought to close FOSL Dec 15 2017 7.0 Puts @ 0.30 with the stock at 6.71 to avoid assignment tonight.
Sold on 08/22/2017 @ 1.10
Also Bought to close FOSL Dec 15 2017 8.0 Puts @ 1.25 with the stock at 6.76. Sold @ 1.65
Closing Early
$SPX 12/22 BTC 2635/2660 BUPS @ 3.00 STO @ 8.70 on 12/11 Thank you @jeffcp66
$NVDA 12/15 BTC 170/185 BUPS @ .40 82% of max profit
$VEEV 12/15 BTC 55/60 BUPS @ 4.20 STO @ 1.26
$ADBE 12/22 BTC 182.50/177.50 BECS @ 41% max profit Thankk you @fuzzballl for the FFET
$SVXY #shortcalls Rolled my short…
$SVXY #shortcalls
Rolled my short Dec 15 $116 calls out to Jan 19 $120 for $1cr, and long Dec 22 $129 calls out to Jan 19 $145 for $1cr.
Also rolled covered Dec 15 calls out to Dec 29 $118 for 0.50db, still net gain $1.50 if exercised.
I split the number of contracts because I sold half the stock to cover a car purchase. This gives me time to repurchase the shares after exercised Dec 29. Hopefully the stock will correct shortly after.
SPX calls stopped
#SPXcampaign As per usual, whenever I’m forced to hedge against a big drop I end up getting slammed on the call side.
Stopped $SPX Sept 26th 2695/2720 call spreads for 4.45. Sold yesterday in the 2620/2645/2695/2720 #CondorRoll for 6.65. Fortunately the put side has made more than the calls lost today (put deltas were much higher than the calls when I sold it).
Haven’t decided how I’m rolling yet. Also have a call spread I sold yesterday, Dec 22nd 2670/2695 for 5.55, now at 10.65. Looking to close this one as well.
MYL TWTR
#SyntheticStock Roll MYL Dec15’17 39 calls to Dec29’17 39.5 calls for 0.06 credit
#Fuzzy BTC TWTR Dec15’17 22.5 calls @ 0.10, sold for 0.16 earlier in the week made the family some zaxby’s money. STO TWTR Dec22’17 23 calls for 0.27.
CELG
STO January 19, 115 calls @ 1.26, I will be assigned today on the 115 puts and my cost basis will be 112.73
ALK #FallingKnife #shortputs BTC 1…
ALK #FallingKnife #shortputs
BTC 1 $ALK April 18 2018 55 put @.65, STO Nov 11 55 put @ 2.02 taking 68% 126 DTE
Thanks @OptionIceman (I’m sure this will get richer but can’t hold as long…take tt better than 50%.)
12/15 Trades
MNST: STC tight debit spread, cutting it early. BTO @ .50 STC @ .65 for $150
MSFT: I’m always trying to build a stock portfolio w/ MSFT by selling #ShortPuts but I never get assignment. I saw a chance yesterday to sell 1DTE puts for .49, closed this morning for .02 for $470
AFL: Closed a January directional butterfly. When I opened the fly I thought “this is dumb, you’ll never get more than $100” Closed today for $170 profit
COT: Remember this spec trade? Based on upcoming 13f filings, it will go out at full loss -378.00. No more spec trades for me…time to remember my powerhouse trades and renew discipline for what works.
SPX Campaign: I happen to have an account with zero positions this morning, so starting a test of the #SPXCampaign process, I followed Jeff’s trade, but with a onesie. Jan 12 2730/2755 1.50 cr
#Bitties: Had 3 SPX bitties close for 30 contracts, total $1200 profit. One of them (already accounted for in the #FuzzyBear post) was only on for a day, I used the AS-BB indicator for timing placement. I’m currently out of index bitties, would like to see a new oscillator low before placing new ones.
Green open positions: ABBV, ADS, CELG, FLIR, IWM, JPM, LMT, MSFT, NTNX, SPY, TWTR, TXN
Red open positions: AOBC, DHI, DWDP, LKQ, MU, NUE, QQQ, SHAK, ULTA
I have very high cash balances right now, only small % is at work.
I’m probably done trading today, got to do the dreaded post office run. Our post office here is like a 3rd world country. 200 people in line and one person working. I hope everyone has a restful safe weekend. Me? I love a good whiskey in front of the fire on Friday afternoons.
SPY
What do we want to calls these? Mini SPX campaign or just SPY campaign. Can create a hashtag.
So I saw the reversal before I went to bed but was too busy in the office to open early. So just sold 5 contracts of the 21 DTE 261/257 put spread for 0.22. Now will wait on reversal at the top to add the call side.
To keep everything true, starting balance exactly $7140 on 12-15-2017. Each week add new trade until there is a 3-4 week running ladder of credit spreads and IC but will take a slightly directional bias using the alphashark tools and will use /es signals instead of spy because of night time trading. Credit of 105 – 4.95 for commissions so just say $100. Goal is $140 or so per week for a double. Every $2000 increase will add another contract for compounding.
Goal is at least a double on this account for 1 year.
Also rolled WDC 35 DTE 90 out to 42 DTE for 0.43 credit.
Back to work for me, getting in the way of trading!
#coveredcalls ORCL Following Tradewise, bought…
#coveredcalls ORCL
Following Tradewise, bought 100 shares and sold a Jan. 18, 2019 50 call, stock is at 48, down a little over 2 after earnings. Their method seems to be to get in after a drop and just prior to dividends, and roll many times.
VRX
Got back into VRX, maybe it settled down a little. Bought VRX Apr’18 +20calls -20puts +17puts for 1.29. Sold VRX Dec22’17 21.5 calls for 0.28.
SPX hedge in March
#RocketManHedge – Moving from Monday out and up to next Friday. New sale is aggressive at the same strike as my synthetic short…
Bought to Close SPX DEC 18 2017 2650.0 Put @ .85 (sold for 5.40)
Sold SPX DEC 22 2017 2670.0 Put @ 9.20
SPX trades
#SPXcampaign Closed my long call spread that expires today.
First, I closed the short 2685 calls for .10. These can cause problems closing a spread that’s expiring on the same day. If they are too far OTM they won’t carry a bid in the afternoon, so I cleared them away so I could deal only with long 2665 calls.
Closed $SPX Dec 15th 2665 calls for 3.50 and 3.70. Bought the spread for 3.00.
Then, the SPX took off, so I closed the rest at 7.70. What a difference 10 minutes makes!
Also:
Sold $SPX Jan 12th 2730/2755 call spreads for 1.50. Had not sold any calls this week, anticipating the Upside Warning. But since it hasn’t come I’m dipping my toe back into call credit spreads.
Closed on GTC order:
Dec 29th 2540/2515 put spreads for .20. Sold for 1.45 in last week of Nov
ADBE fat finger
#Earnings – This would’ve been almost a perfect position…..IF I would’ve sold the correct week. Oops…sold next week instead. A mistake but a small winner! Get ’em next time.
Bought to Close ADBE DEC 22 2017 172.5/177.5/182.5 Iron Fly @ 3.50 (sold for 4.10)
Fuzzy Rolls
LMT #Fuzzy from just 8 days ago was up over $2,000 net today. Rather than roll, I decided to close it all and look for a new opp to reset.
CELG I rolled yesterday locking in $750 for the week and selling another 1.00 for next week, my “Stage One” net debit is now only $0.63.
JPM I rolled on Wed before FOMC locking in $550 for the week and selling .95 for next week. My “Stage One” net debit is now only $1.04
NUE got hit with some bad news this week on guidance, took the stock down yesterday but just beyond the synthetic level. Premium is slow to come out of the short calls today, in latter half of the day I will place new position for next week and just let this week expire. That will bring in $560 for the week.
IWM: Opened yesterday, no roll today
TWTR: Up nicely, but no roll for this week
SPX: #FuzzyBear Rolled earlier this week. I have realized income of $7100 on this in just 8 days. Stage One has gone from $40 to $30. Much more to go! Like @fuzzballl said earlier this week…just keep chipping away at it.
I’m looking at #Fuzzy debit recovery in two stages, Stage One is the trade debit recovery, then Stage Two is the spread risk recovery.
EWZ
STO EWZ Dec22’17 39.5 calls @ 0.18
2017 tax, what is the…
2017 tax, what is the best strategy in handling losses. For example if someone lost $20,000.00 on UVXY, should he/she sell UVXY calls for 2018 before the end of 2017 compensating the losses?
25 Stocks Moving In Friday's…
SPY @jeffcp66 style for small…
SPY @jeffcp66 style for small accounts.
Finally cleared out the trades from the small account and can start the SPY experiment. Credit spreads and iron condors with the goal of doubling the account in a year. Only $7100 so works out to needing to bring in about $140 and change per week and control losses.
Here’s the plan. Sell weekly SPY credit spreads or iron condors. Probably leg into them using my charting tools. Short call/put at 16 delta 21-28 DTE, long call/put 3-5 points higher/lower. Only 3-5 contracts given the size of the account. Each week add a new spread. As the expiring ones lose value close or roll them or if really looks like it will finish OTM then let expire.
Anything gets in trouble will try to roll like @jeffcp66, back ratio if there is enough time left, or convert to short term diagonal/calendar if needed by buying an option 1-2 months out. Other option is just set a stop loss, short goes ITM close at twice what took in and close/scratch it.
Looking at 21 DTE in am at 259/255 put spread and 270/274 call spread for 0.25-0.26 each side. 5 contracts brings in $255 with max risk of $2000. Will see where we open, if we bounce just open put side, if down overnight call side. Then add other side at next reversal.
By 12/29 should be close to max profit and ready to roll. See below.
$HES Falling Knife
Got filled on this earlier but didn’t see until now.
Sold $HES May 18 2018 35 puts @ 1.10 with the stock at 42.41.
#Market $SPX down 10.82 and…
#Market
$SPX down 10.82 and $UVXY just doesn’t care
Getting Back on The SPX Campaign Horse
#spxcampaign
$SPX STO 12/22 2685/2660 BECS @ 7.80 Thank you @jeffcp66
EXAS Put Roll
$EXAS BTC 12/15 55 put @ 3.30 STO 12/29 55.50 put @ 4.06
ADBE
#Earnings – Risk 90 to make 410. Going slightly bullish due to lack of dollar wide strikes. 5 wide with a 6.70 expected move.
Sold ADBE DEC 22 2017 172.5/177.5/182.5 Iron Fly @ 4.10
$RCL
#Coveredcalls STO Dec 29 $125 calls @ $0.80, BTC Dec 15 $128 calls @ $0.02
SPX roll
#SPXcampaign So my mental stop on this spread was 2655. When we hit that I put in a low bid to close and was set to watch for a bounce. Then if we start moving higher, I keep lowering the bid to hopefully exit on a bounce. So we spent about 25 minutes near the lows, and my bid was 7.20. I stepped into the kitchen and it filled on the first minor pop. Now it’s trading for 6.50 on what may be the bounce. It’s the peril of riding ATM spreads so close to expiration.
Closed $SPX Dec 15th 2660/2635 put spreads for 7.20. Sold for 3.70.
#CondorRoll Sold Dec 26th 2620/2645/2695/2720 condors for 6.65
Another Example of Imperfect Timing
Closed Early
$SPX BTC 12/15 2665/2640 BECS @ 17.00 STO @ 1.90 Current bid 14.50
$SPX BTC 12/222680/2655 BECS @ 8.50 STO @ 1.60 Current bid 8.60
Marco Rubio dip?
#Markets Marco Rubio is a reported “no” on the current plan. Mike Lee is undecided. If that’s what’s driving us down today, I say BTFD.
A Tale of Two Hedge Flys
I wanted to put on a QQQ #ButterflyHedge. So I looked at two setups in January. First I checked the lower expected move for Jan expiration and it’s around 149. So I set up a 153/149/142 broken fly, only .25 cents. Positive theta, a nice amount of negative delta, but NEGATIVE VEGA, and downside risk if the fly is blown. When you are already looking for a down move, the negative vega on a hedge fly will fight you all the way. Time is your only friend at that point, and in a crash, your friend moves slowly.
2nd setup: 153/146/142. 3x the cost of the first one, but I have 158 negative delta, theta is -5, but vega is now positive 55. In a down move with volatility expanding this will come in much more quickly I think than the first setup.
Hedges–usually wasted money. But I just really want a little something extra on going into the new year. Best to do it while vol is low. So I’m in 153/146/142 for .75 debit. I can sell some shorter-dated put spreads against this if I want.
Looking forward to comments!
Sue
MGM
BTC MGM Dec15’17 33 calls for 0.24, these were a roll I sold for 1.02 several weeks back. STO Dec22’17 33.5 calls for 0.23.
SVXY
STO January 19, 75 put @1.04
STO January 12, 75 put @.75
Short Puts MU
$MU STO 12/22 42 put @ 1.70 Earnings next week
MTN
STO July 190 put @ 4.92 on 1 contract.
NUGT #coveredcalls Rolled out Dec…
NUGT #coveredcalls
Rolled out Dec 15 $26 call to Jan 05 $28 Call for 0.05cr. Basis is $25.85 so solidly in the black.
SPX reverse roll
#SPXcampaign I’m still believing we get a combination Santa-Claus/Tax-reform rally, as Republicans look closer than ever to meeting their Christmas deadline. However, the failure on the upside warning firing has definitely come through, as the rally was immediately halted and now we are wavering. As I cleared all call spreads and am short only put spreads, my risk is too lopsided, so I had to #ReverseRoll at least one of them.
Closed $SPX Dec 18th 2660/2635 put spreads for 5.50. Sold yesterday for 3.65.
Sold $SPX Dec 22nd 2670/2695 call spreads for 5.55.
My bet is on a bounce into tomorrow’s quadruple witching expiration and then higher next week. But this hedges me some if we go lower instead.
They gone and done it
https://www.cnbc.com/2017/12/14/fcc-reverses-open-internet-order-governing-net-neutrality.html
SVXY
#ShortPuts #IRA – Cue up the chicken! I may look crazy closing some of these but there’s a couple reasons I do it. It all goes back to a golf tournament a couple years ago. Had sketchy cell phone service and late for Thursday tee time. Glanced at my phone and managed to see a short REGN call worth a dime prior to the open. Blew it off and an hour later up on a hill got service back and the thing was worth over 10 dollars after massive opening rally. No more for Fuzzy…
And trying to stay within my self imposed strict margin limits…
Bought to Close SVXY DEC 15 2017 90.0 Put @ .04 (sold for 2.46)
Thurs. trades. My usual day…
Thurs. trades. My usual day off so usually my biggest trading day.
Lots of recovery with GILD, WDC and SWKS so the losses finally exceeded the theta this week ($3321 for the week so not as bad as it could have been and mostly contained to 1 account).
GILD Rolled 1 DTE 77.5 put to Jan 19 for 1.03 credit. Sold for 5.4 off previous rolls
GILD Rolled 8DTE 78 put to 43 DTE 78 put for 0.72 credit, sold for 7.88 off previous rolls.
SWKS BTO 6 Jan 2020 100 puts for 21.70 to cover the short 102 and 104 puts. Did not really want to do this, but margin call was getting close and this allows me to stay in some other trades that are/will be profitable. Now have 108 weeks to sell against it #fuzzybear style.
BTC SVXY 100 put tomorrow for 0.09, sold for 1.47. Tried to roll it but tradestation seems to be having a few order issues today. Then it would not let me sell next cycle, they do not update real time like TOS. Try again tomorrow.
SVXY rolls
105 put tomorrow out to 22 DTE for 1.58 credit. Sold for 4.45
STO Jan 26 70 put for 0.92
Next week 80 put rolled to Jan for 1.00 and sold for 1.35
105 tomorrow rolled 15 DTE for 0.9 credit. Sold for 4.45
SWKS trying to put in a double bottom at major support level.
Now going to burn off the burrito lunch on a mt bike. Have a good rest of the week!
BIDU
#SyntheticStock – Another week…I’ll keep the position even though Dan over at OMM is shorting anything in site tech related that’s broken down. He could be right if these dead cat bounces roll over.
Bought to Close BIDU DEC 15 2017 240.0 Calls @ .05 (sold for 4.85)
Sold BIDU DEC 29 2017 237.5 Calls @ 1.55
EDIT…of course he’s buying TSLA calls today after the stock fired out of a daily squeeze four days ago and is up 15 percent in a week. It could very well work too but not my cup ‘a tea…
EWZ
#SyntheticStock – Another week…
Bought to Close EWZ DEC 15 2017 39.5 Calls @ .06 (sold for .72)
Sold EWZ DEC 29 2017 39.5 Calls @ .33
Rolled HES Put
#shortputs Rolled
$HES BTC 12/15 45 put @ 2.52 STO 12/22 45.5 put @ 3.04
SPX
#RocketManHedge #FuzzyBear – This is my first one that expires in Jan. Gradually scaling back to slightly more conservative selling. Moving this from next Monday to Friday…
Bought to Close SPX DEC 18 2017 2625.0 Put @ .50 (sold for 5.40)
Sold SPX DEC 22 2017 2640.0 Put @ 3.70
Original position sitting at max loss of 50 points. Total premium received is now 57.70 with another month to run…
WDC
#ShortStrangles #BullPutSpreads – Taking some risk off on the bounce to resistance. Watching to re-enter possibly as #SyntheticStock …
Bought to Close WDC JAN 19 2018 85.0/80.0 Bull Put Spreads @ 2.19 (sold for 3.75)
Bought to Close WDC DEC 29 2017 82.5 Puts @ 1.33 (sold for 1.55)
Closing Early / Covered Call
$NTNX BTC 12/15 35 put @ .20 STO 11/29 @ 2.60 Thank you @smasty160
$NVDA BTC 12/15 190/200 BUPS @ 9.00 STO @ 1.80 Overstayed my trade AGAIN
$SPX BTC 1/5/2018 2730/2705 BECS @ 3.20 STO @ 1.55
#coveredcalls
$NFLX STO 12/15 195 call @ .45 1DTE
ADSK
#ShortStrangles – Former earnings trade slightly underwater but not by much…replacing this week’s.
Bought to Close ADSK DEC 15 2017 109.0 Calls @ .05 (sold for 1.21)
Sold ADSK DEC 29 2017 109.0 Calls @ 1.14
NVDA
#ShortStrangles – Had a strangle that became a 200.0 straddle @ 7.75 credit received. Couldn’t quite work it’s way back to even so rolling put out and down and selling weeklies against it.
Rolled NVDA DEC 15 2017 200.0 Put to JAN 12 2018 197.5 Put @ .37 credit
Bought to Close NVDA DEC 15 2017 200.0 Call @ .04 (part of the straddle sold for 4.57)
Sold NVDA DEC 22 2017 192.5 Call @ 2.05
AAOI
#ShortStrangles – Slow and steady working my way back…
Bought to Close AAOI DEC 15 2017 42.5 Calls @ .05 (sold for 1.15)
Sold AAOI DEC 29 2017 41.0 Calls @ .85
COST has earnings today amc
Notable Earnings AMC Thurs/BMO Fri:
ADBE, COST, JBL, ORCL
SPX long call spread closed…
SPX long call spread closed
#SPXcampaign
Sold to close SPX Dec 15th 2665/2685 LONG call spreads for 5.50, bought Dec 8th for 3.00. Will be away tomorrow and did not want to chance a pull back. Thanks Jeff
$C
#bitties
STO Jan 5 $72 puts @ $0.34
SPX puts closed
#SPXcampaign Closed on GTC order:
$SPX Dec 18th 2630/2605 put spreads for .40. Sold for 8.00 last week.
Closed Early Short Puts / SVXY Strangle / Rolled Short Puts
Closed Early
#shortputs
$CREE BTC 12/15 35 put @ .05 STO @ 1.50
$OSTK BTC 12/15 30/40 BUPS @ .05 STO @ 1.82
$BABA BTC 12/15 170/180 BUPS @ 3.00 STO @ 1.15
#shortstrangles
$SVXY STO 6/15/2018 85/160 @ 17.85
Rolled
#shortputs
$MZOR BTC 12/15 60 put STO 1/19/2018 put at additional 1.50 credit
SPX puts
#SPXcampaign I sold one more put spread, but now not liking how we closed. Hoping for another push UP this week and a chance to start adding call spreads and even myself out. We may be topping out, but if they do manage to pass tax bill we could see another push up.
Sold $SPX Dec 18th 2660/2635 put spreads for 3.65.
Day Done
Here’s the rest of my trades today:
1. I used the AS-BB indicator to scalp /ES, /NQ, /YM multiple times today, for a net of $625 and no losses. I trade futures really teensy, but love this indicator for keeping me in when I would normally bail.
2 ETFC closed the contrarian short for the green-side-of-scratch
3. DLTR same as ETFC
4. SPX #FuzzyBear I’m kind of running in place with this trade on. I’m making nice money on other positions which are financing the move against me with this position. I’m using the AS-BB indicator to leg in/out on the short put hedge, which got me an extra $300 today in debit reduction. As mentioned before I took off 1 of 10 of my short calls in the synthetic to give me some allowance to the upside. I’m at about -120 deltas. Trying really hard to not over-correct on this.
5. AAPL closed my defended put spread that didn’t need defending. 1/2 of max loss, -$225.00
Profitable open positions: ABBV, ADSK, AFL, CELG, DHI, FLIR, JPM (really smart that I rolled this fuzzy yesterday), LMT, MNST, MSFT, NTNX (picked up 400 shares yesterday), NUE, QQQ, RCII, SPX (bitty, not fuzzy), SPY, TXN
Losing open positions: AOBC, COT, DWDP, LKQ, MU, SHAK, ULTA, SPX Fuzzy
Trying to slow it down now for the rest of the year, only take new positions if really compelling.
SVXY
STO March 60 puts @ 1.80
TSLA
#ShortStrangles – I don’t think it’s going to zero so balancing out my 500 and 510 short calls…
Sold TSLA JUN 15 2018 180.0 Put @ 1.95
ISRG
#ShortStrangles – Short term but aggressive. Counting on the 100ma and the all time highs to contain this. This is also a couple weeks before next earnings…
Sold ISRG JAN 12 2018 350.0/400.0 Strangle @ 6.00
#shortcalls X Followed Mike at…
Followed Mike at TastyTrade, sold a Jan. 34 call for 1.13
$COO Falling Knife-ish
With the stock at 225.32, a better representation of the Iceman #FallingKnife strategy might be selling the 170 puts, midprice around 1.30 right now. The 170 would take you back to Dec 2016 as the last time the stock was at that level. In this case I’m going higher for more premium–190 puts, a strike last seen in Feb of this year. Delta is 14.
Sold $COO May 18 190 put @ 3.00.
REGN
#CoveredCalls – Pounded this thing all the way down. It’s now back above the 20ma and looking like it could continue. Getting out of the way but keeping it just short of next earnings. Saving the high IV for another roll if needed.
Rolled REGN DEC 29 2017 385.0 Call to REGN JAN 19 2018 400.0 Call @ .53 debit
NVDA
#SyntheticStock #IRA – Trying to be careful here but it’s very possible this thing could be at 300 in a week after my sale. 🙂 Dan over at OMM just put on a Jan monthly 200/220 BeCS so I’m using his short strike but bringing it in a couple weeks. This particular trade only needs 42 cents a week to insure breakeven.
Bought to Close NVDA DEC 15 2017 197.5 Calls @ .14 (sold for 1.50)
Sold NVDA JAN 5 2018 200.0 Calls @ 1.57
First day all week I…
First day all week I actually get a lunch break so a few trades mostly to adjust margin and take off risk.
BTO WDC Jan 20 90 calls at 14.10. Now long the 2020 straddle at 90 and short the 90 straddle at 37 DTE, basically a bi directional calendar. My plan is to sell the weekly ATM straddle once the 37 days is close to the end. The recovery is already profitable ($4410) but if I can keep bringing in weekly premium extra gravy. This is from an earnings gone wrong. Originally sold the 90 puts, it dropped from 107 to as low as 77. After multiple rolls ended up with a 15+ point credit then spread it off to lower the margin. Now have 109 weeks left to sell straddles/strangles semi-covered.
GILD rolled the 9 DTE 72.5 put to 23 DTE at 76 for 1.3. Sold for 1.46. Another problem child. Now have 300 shares, 8 contracts of Jan 19 put leaps at 77.5. Almost break even, few more weeks of sales will take a small profit and move on.
SWKS BTC the 107 call for 0.18. Sold for 0.95. Still have 102 and 104 puts and Jan 107 call as a semi strangle. Break even only 2 points to the upside. Leaving this one naked as it seems to be finding a bottom.
NUGT
#SyntheticShort – This was another one that got run over to the downside. Learning my lesson here…LOL With it starting to bounce a little I’m booking it for a small profit and looking to reset on the next run higher.
Sold to Close NUGT 42 synthetic short and 47 disaster calls
Bought to Close NUGT 20 puts
These were all in the same expiration since I had rolled the short puts out and down after the initial imoplosion (right after setting the trade of course!)
All said and done made 50 cents on a 10 lot but learned a whole lot more! Now I’m a cheerleader….gold to 1500!
DHI
#SkewedIronCondor This is kind of like a #BrokenWingButterfly. I’m working off the assumption that this has topped out for the near future. Jan exp: 49/50/50/55 for 1.73 cr, no downside risk, upside break even is 51.73. Lots of time for defense on this if it heads back up.
DWDP
@vxxkelly did a recent trade on this and it reminded me it’s been on my watch list. There’s a lot of block trades on it today, and some calls being bought. So I did an unprotected #Fuzzy . I did a Mar 70/70 synthetic and sold Dec 22 71.5. I will add protection after an up move, for a better price. In a squeeze right now.
Didn’t capture my trades from yesterday, but a couple highlights:
1. Rolled the JPM Fuzzy hedge into strength to collect more on the next week
2. MAR #JadeLizard closed for 50% target
3. My SPX #FuzzyBear is troublesome. I didn’t set it with correct timing, so now I’m doing battle. I took off one short call on the synthetic turning it into a back ratio like @hcgdavis mentioned yesterday. I’m also using the AS-BB indicator for legging in and out of the hedge puts to get a few extra $$ on it.
#Fuzzies need rolls as Friday approaches: LMT, CELG, NUE. I’ve got substantial net profit on LMT so may close it all rather than roll.
SVXY
#VXXGame #ShortCalls #ReverseRolling – Various adjustments in SVXY today. Mainly getting the short calls to slightly safer areas…
Reverse Rolled SVXY MAR 16 2018 135.0 Call to SVXY JAN 18 2019 25.0/235.0 Strangle @ .20 credit
Rolled SVXY MAR 16 2018 140.0 Call to JUN 15 2018 165.0 Call @ .13 credit
Rolled SVXY MAR 16 2018 145.0 Call to JUN 15 2018 170.0 Call @ .70 credit
GLD
#SyntheticStock – Getting a tiny bounce today…selling next week’s…
Bought to Close GLD DEC 15 2017 122.0 Calls @ .03 (sold for .23)
Sold GLD DEC 22 2017 120.0 Calls @ .27
VXX 2020
#LEAPS – Is anyone showing these available?
#vxxgame Almost a buy signal…
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.
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.
SVXY
#TakeOneForTheTeam – Let’s see if this works…
Sold SVXY DEC 29 2017 130.0/125.0 Bull Put Spread @ 2.98
Options Bistro 