Just a quick note, I…

Just a quick note, I had some expirations but managed to roll all of them for more cash so they are all next week now. The last move like this in Aug. 2015 crushed (and I mean wiped out) a major trading account. Today my main trading account only down about $500, the hedges worked well.

See you can teach old dogs new tricks and thanks to everyone here for showing me some additional tactics that help on days like today.

Everyone have a good weekend, looking forward to Sunday night opening. Either way have some trades lined up and kept some cash on the side lines so I can take advantage of the blood in the street 🙂

Technically what only a 2-3% drop? Technically 2.31% on SPX/ES.

Cue the chicken, I am glad I closed the /ES strangle this morning. Not ITM but the margin would have used up my cash cushion for next week.

#earnings, #fuzzy, #pietrades, #syntheticstock

#optionsexpiration Assignment $SVXY Feb 02…

#optionsexpiration
Assignment $SVXY Feb 02 120 Put. I’ve been working the set gig and couldn’t trade today so missed the opportunity to roll. Selling a call next week against the assigned stock.
Have a great weekend all.

SPX spread

#SPXcampaign After the bell, sold $SPX Feb 23rd 2825/2800 put spreads for 16.90.

Yes, that means I believe the correction will be over by then. But I’ll give it until a week before, Feb 16th. If we’re not above 2825 by then, I will roll it.

#Fuzzy #fallingknife After closing my…

#Fuzzy #fallingknife
After closing my SPY Fuzzy Bears I dipped my toe into the #FallingKnife trades on long SPY Fuzzies, 3-lots in 3 accounts, 277(c)/277(-p)/275(+p) @ 4.53 (double the price they were a couple days ago!) hedged with 281’s around .60.

Get your computer in front of the TV Sunday for futures open.

Whiskey time.
Sue

VIX Indicator and market

#VIXIndicator We got another warning signal today, as VIX closed over 25% above yesterday’s close. The indices ended the day at lows… Monday could be either a big gap down, which may signal the end of the correction, or a bounce, which probably means it should be faded. Either way, I am net short in SPX spreads.

$SVXY #ShortPuts -Sold 1 SVXY…

$SVXY #ShortPuts -Sold 1 SVXY Mar 9 2018 70.0 Put @ 1.75 with the stock at 105.60 on the close.

#OptionsExpiration #Weeklys #Feb2 – an…

#OptionsExpiration #Weeklys #Feb2 – an exciting expiration day with the largest DowJones drop in years and a BIG spike in the VIX.

Took assignment of one of my earning plays $PYPL and took in some $SVXY long stock.
In this case I am re-hedging a porition of some very long term SVXY Short Calls, locking in an eventual gain. Also sold some $DUST long stock purchased last week at a gain.

— Expirations —
AMZN (Weekly) Feb 2 2018 1255 Puts
AMZN (Weekly) Feb 2 2018 1257.5 Puts
AMZN (Weekly) Feb 2 2018 1710 Calls
AMZN (Weekly) Feb 2 2018 1715 Calls
BABA (Weekly) Feb 2 2018 182.5 Puts
BABA (Weekly) Feb 2 2018 185 Puts
FB (Weekly) Feb 2 2018 167.5 Puts
FB (Weekly) Feb 2 2018 175 Puts
DUST (Weekly) Feb 2 2018 19 Puts
GWW (Weekly) Feb 2 2018 200 Puts
NFLX (Weekly) Feb 2 2018 260 Puts (Covered)

SVXY (Weekly) Feb 2 2018 90 Puts
SVXY (Weekly) Feb 2 2018 95 Puts
SVXY (Weekly) Feb 2 2018 100 Puts
SVXY (Weekly) Feb 2 2018 102 Puts
SVXY (Weekly) Feb 2 2018 103 Puts
SVXY (Weekly) Feb 2 2018 104 Puts
SVXY (Weekly) Feb 2 2018 105 Puts
SVXY (Weekly) Feb 2 2018 131 Calls
SVXY (Weekly) Feb 2 2018 132 Calls

UAA (Weekly) Feb 2 2018 16 Calls (Covered)
UVXY (Weekly) Feb 2 2018 14 Calls

— Assignments —
DUST (Weekly) Feb 2 2018 21 Calls (Covered)
PYPL (Weekly) Feb 2 2018 77 Puts – going long
SVXY (Weekly) Feb 2 2018 108 Puts – going long against existing short Calls
SVXY (Weekly) Feb 2 2018 110 Puts – going long against existing short Calls
SVXY (Weekly) Feb 2 2018 111 Puts – going long against existing short Calls
SVXY (Weekly) Feb 2 2018 112 Puts – going long against existing short Calls
SVXY (Weekly) Feb 2 2018 113 Puts – going long against existing short Calls
SVXY (Weekly) Feb 2 2018 114 Puts – going long against existing short Calls