IBD Investor’s Business Daily IBD…

IBD Investor’s Business Daily IBD Weekly – 2018 Best Online Brokers survey. Week of Jan 29
Top Overall Customer Experience – 1. Fidelity (F), 2. Charles Schwab (CS), 3. TradeStation (TS), 4. TD Ameritrade (TDA), 5. Interactive Brokers (IBD).
Low Commission & Fees – 1. IBD, 2. F, 3. CS; 4. TS, 5. Merril Edge (ME).
Trade Reliabilty – 1. F, 2. IBD, 3. CS, 4. TS, 5. TDA.
Site Performance – 1. F, 2. TS, 3. CS, 4. TDA, 5. IBD.
Customer Service – 1. F, 2. CS, 3. Scotttrade (ST), 4. TDA, 5. ME.
Research Tools – 1. F, 2. CS, 3. TS, 4. TDA, 5. ME.
Options Trading Platform – 1. TDA, 2. TS, 3. IBD, 4. F, 5. CS.
Mobile Trading Platforms – 1. TS, 2. IBD, 3. F, 4. TDA, 5. CS.
Other categories not recorded: Equity Trading Tools, Investment Research, Low-Cost/Free ETF Trading, Portfolio Analysis & Reports, Educational Resources, Trade Ideas, Inv./Ret. Planning Tools

Surprised that Fidelity was so consistently high, oh well, TOS one down…good night, y’all.

Closed Early SPX and FCX / Short Puts SVXY SPX

#SPX Campaign
$SPX STO 2/23 2725/2750 BUPS at 2.10
Closed Early (Under duress)
$SPX BTC 2/9 2900/2875 BECS at 9.00 STO at 1.65
$FCX STC 2/2 19 call at .85 BTO 1/23 as earnings trade at .88

#shortputs
$SVXY STO 2/23 90 put at 1.15

Downside Warning triggered

#VIXIndicator Looks like the official $VIX close is 13.84 (also high of the day), which is over 50% higher than the Dec 20th low of 8.90. This activates a Downside Warning, leading to a likelihood of lower prices in the coming days or weeks. Downside Warnings can sometimes be false flags, but most often the are followed by subsequent dips or corrections, either immediately or in the coming days. It also means any bounce this week is more likely to be followed by a drop next week.

Since I recently revised this trigger to be based on closing VIX prices rather than intraday, I am still compiling data for the last 18 years. I may be able to post some more details today, but feel free to ask any questions if you have them.

$UVXY #ShortCalls – Sold some…

$UVXY #ShortCalls – Sold some weeklys at the top of the chain
Sold UVXY Feb 23 2018 20.0 Calls @ 0.56
Sold UVXY Mar 2 2018 20.0 Calls @ 0.79

$UVXY #ShortCalls #VXXGame – sold…

$UVXY #ShortCalls #VXXGame – sold these between 3:45 and 4:15 with the stock around 11.40
Sold UVXY Feb 16 2018 20.0 Calls @ 0.46
Sold 1 UVXY Mar 2 2018 14.0 Call @ 1.36
Sold 1 UVXY Mar 16 2018 20.0 Call @ 1.20
Sold 1 UVXY Mar 16 2018 21.0 Call @ 1.21
Sold 1 UVXY Apr 20 2018 20.0 Call @ 2.03
Sold 1 UVXY Jun 15 2018 55.0 Call @ 1.20
Sold 1 UVXY Jan 18 20198 65.0 Call @ 2.06

$SVXY

Had a couple more orders fill while I was away this afternoon
STO $SVXY Feb 9 $100 puts @ $1.00
STO $SVXY Mar 16 $55 puts @ $0.60
STO $SVXY Mar 16 $60 puts @ $0.80
STO $SVXY Mar 16 $70 puts @ $1.30

SPX puts closed

#SPXcampaign Closed $SPX Feb 2nd 2830/2805 put spreads for 4.60. Sold for 6.75 on 1/23.

The day is not over yet, and even a small bounce will avert a downside warning. But clearing most immediate and highest-striked spread.