Jan 5, 2018

Fractured Focus Today
I heard this is the best trading week since sometime in 2006? This is also the week 5 sheriff deputies were shot in my (almost) backyard. Fractured focus today as I left trading behind to try to honor the victim just a little. I’m happy to live in a community of many people who felt the same way.
I’ll post more tomorrow….especially about the power of unhedged Fuzzies. This morning, I found myself with $1.9M in SPY power, with only $63K at risk. Oh @fuzzballl You are like an onion of opportunity!
Sue
(Jan 5

Late Fill Roll SVXY Calls

#rolling
$SVXY BTC 1/19 75 call @ 60.96 STO 3/16 80 call @ 58.20 Might be delaying the inevitable. Duh

OptionsExpiration

Might be my smallest expiration in years
$C $72 puts
$RCL $124 #coveredcalls

No $SVXY, $UVXY or $VXX expirations this week

Running pretty low on short option positions.

#OptionsExpiration #Weeklys #Jan5 – pretty…

#OptionsExpiration #Weeklys #Jan5 – pretty small today and next week too but a massive roll off of risk positions on the 19th.

No Assignments today.

— Expirations —
DUST (Weekly) Jan 5 2018 22 Puts
SVXY (Weekly) Jan 5 2018 60 Puts
SVXY (Weekly) Jan 5 2018 65 Puts
SVXY (Weekly) Jan 5 2018 75 Puts

Expiration

$SPX 2500/2525 BUPS STO 12/5 for 1.45 Thank you @jeffcp66
$NFLX 205 call (Twas covered – what’s five points among friends) Still profit was made on stock as well

Have a great weekend. Those of us needing warmth – layer up.

$UVXY #ShortCallSpread – Looking at…

$UVXY #ShortCallSpread – Looking at this one as a starter. Comments welcome.
Buying Jan 18 2019 75.0 Calls/Selling Mar 16 2018 14 Calls at a small net credit.
Fixed risk so no margin Calls.
If the VIX takes off I would add new positions with the same long side but shorts either with higher strikes or with shorter terms.

Expirations

Only 4 today but I have a big one on the 19th.

SVXY 60 puts

SVXY 65 puts

SVXY 70 puts

SVXY 75 puts