hcgdavis 2:42 pm on Friday, February 2, 2018
Tags: Earnings ( 3,111 ), Fuzzy ( 415 ), pietrades ( 240 ), SyntheticStock ( 356 )

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

jdietz1954 1:50 pm on Friday, February 2, 2018
Tags: OptionsExpiration ( 796 )

#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.

Jeff 1:39 pm on Friday, February 2, 2018
Tags: SPXcampaign ( 2,265 )

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.

smasty 1:21 pm on Friday, February 2, 2018
Tags: FallingKnife ( 978 ), Fuzzy ( 415 )

#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

Jeff 1:19 pm on Friday, February 2, 2018
Tags: VIXIndicator ( 294 )

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.

Option Iceman 1:19 pm on Friday, February 2, 2018
Tags: ShortPuts ( 4,764 )

$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.

Option Iceman 1:12 pm on Friday, February 2, 2018
Tags: Feb2, OptionsExpiration ( 796 ), Weeklys ( 104 )

#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

Jeff 1:12 pm on Friday, February 2, 2018
Tags: Assignment ( 174 ), CallButterfly ( 17 ), Earnings ( 3,111 ), IronButterly ( 6 ), OptionsExpiration ( 796 ), ShortStrangles ( 716 ), SPXcampaign ( 2,265 )

Options Expiration 2/2/18

#OptionsExpiration #Earnings #IronButterly #ShortStrangles #SPXcampaign #CallButterfly

— Expired w/max profit —
$AAPL 177.5 call
$AMZN 1325/1660 strangle
$AMZN 1300/1675 strangle
$EA 110 puts
$FB 175 put

— Expired w/full loss —
$SPX long 2865/2885 call spreads (sad; this closed over 9.00 last Friday… but zero today)
$MCD 177.5/180/182.5 call butterflys
$AMD 12.5/13/13.5 iron butterfly (I lost $10)

— #Assignment —
$AAPL 175 puts, taking stock
$BABA 200 puts, taking stock
$VRTX 167.5 put, taking stock (I closed one put for .60, but forgot to close the other before the bell)

jsd501 1:02 pm on Friday, February 2, 2018

Have a good weekend to everyone

I have no expirations today.

fuzzballl 1:00 pm on Friday, February 2, 2018
Tags: ShortPuts ( 4,764 ), ShortStrangles ( 716 )

WYNN ISRG

#ShortPuts #ShortStrangles – Closed a couple naked positions today even though they were holding up ok. Out of both at even just for risk management…

mortlightman 12:51 pm on Friday, February 2, 2018

Have a great WE Guy’s…

Have a great WE Guy’s & Gal’s

1strangealien 12:51 pm on Friday, February 2, 2018

Chicken

You can post the chicken picture, I don’t care, I’m out til the dust clears. Closed the UNP, LNG, and WYNN Fuzzies I had, all at losses. I’ve done well the last 3 months and I’m not giving anymore back.

thomberg1201 12:45 pm on Friday, February 2, 2018
Tags: IronCondor ( 244 )

#ironcondor AMZN Following a TT…

#ironcondor AMZN

Following a TT trade Sold March 16 1290/1300/1590/1600 for 3.05

Option Iceman 12:38 pm on Friday, February 2, 2018
Tags: ShortPuts ( 4,764 )

$SVXY #ShortPuts – as SVXY…

$SVXY #ShortPuts – as SVXY breaks 104 for a few minutes
Sold SVXY Feb 9 2018 92.0 Puts @ 2.02
Sold SVXY Feb 16 2018 70.0 Puts @ 0.75
Sold SVXY Mar 16 2018 65.0 Puts @ 1.65
Sold SVXY Jun 15 2018 70.0 Puts @ 6.90

Option Iceman 12:31 pm on Friday, February 2, 2018
Tags: ShortCalls ( 979 )

$UVXY #ShortCalls – as UVXY…

$UVXY #ShortCalls – as UVXY bounces above 14 for a few minutes
Sold UVXY Feb 16 2018 30.0 Calls @ 0.45
Sold UVXY Mar 9 2018 26.0 Calls @ 1.36 – highest strike
Sold UVXY Jun 15 2018 60.0 Calls @ 1.95 – highest strike

Option Iceman 12:15 pm on Friday, February 2, 2018

$VIX – t0pped out so…

$VIX – t0pped out so far at 17.86, up over 4 points and over 30% higher.
This is the highest VIX reading in over 12 months.
The SPX bottomed at 2762.05 and the /ES bottomed at 2761.50 ….. so far

Option Iceman 12:12 pm on Friday, February 2, 2018
Tags: FallingKnife ( 978 ), ShortPuts ( 4,764 )

$UPS #ShortPuts #FallingKnife – Sold…

$UPS #ShortPuts #FallingKnife – Sold 1 UPS JUL 20 2018 100.0 Put @ 1.44. Adding on.

Jeff 12:07 pm on Friday, February 2, 2018
Tags: VXXGame ( 769 )

VXX game trades

#VXXGame
Sold $SVXY Sept 75 put for 12.15
Sold $UVXY June 40 call for 2.75

Jeff 12:05 pm on Friday, February 2, 2018
Tags: ReverseRoll ( 144 ), SPXcampaign ( 2,265 )

SPX reverse roll

#SPXcampaign #ReverseRoll
Closed $SPX Feb 16th 2710/2685 put spreads for 3.65. Sold for 1.55 on Jan 19th.
Sold Feb 7th 2800/2825 call spreads for 4.10.

I will be net short going into the weekend. Most put spreads have been closed.

jsd501 11:55 am on Friday, February 2, 2018

@jeff

Congratulations, your downside warning work really well this week.

jsd501 11:46 am on Friday, February 2, 2018

T2108

Does anyone know where it is trading today?

Kelly 11:41 am on Friday, February 2, 2018

$SVXY

STO SVXY Jun $40 put @ $1.50

Jeff 11:35 am on Friday, February 2, 2018
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

SPX trades

#SPXcampaign $SPX In chronological order:

Closed $SPX Feb 16th 2800/2775 put spreads for 10.10. Sold for 5.05 on Jan 24th.
Sold March 9th 2630/2605 put spreads for 2.00, 1.5x position size, as a roll.
Closed on GTC order: Feb 15th 2890/2915 call spreads for .40. Sold for 4.50 on Tuesday.
Closed on GTC order: Feb 23rd 2920/2945 call spreads for .20. Sold in a #CondorRoll on Tuesday.

jsd501 11:27 am on Friday, February 2, 2018

SVXY- ugly out there

STO March 23, 80 put @ 4.05 on 1 contract.

fuzzballl 11:04 am on Friday, February 2, 2018
Tags: IRA ( 431 )

UVXY

#IRA – Sold UVXY JUN 15 2018 25.0/35.0 Bear Call Spreads @ .80

jsd501 10:38 am on Friday, February 2, 2018

SVXY- we are in backwardation

STO March 23, 75 put @ 2.50 on 1 contract
STO March 23, 70 put @ 2.05 on 1 contract
STO February 23, 75 puts @ .95
STO February 23, 80 put @ 1.40 on 1 contract
STO March 2, 70 put @ 1.05
Let the margin calls go out!

Ramie 10:07 am on Friday, February 2, 2018

Rolling SVXY

This blew through the strike so I’m rolling today’s $SVXY 114 put out 1 week and down 4 points to Feb 9 110 put for 1.10 credit.

smasty 9:54 am on Friday, February 2, 2018
Tags: Fuzzy ( 415 )

Dancing with ( #Fuzzy )…

Dancing with ( #Fuzzy ) Bears
Hello everyone! Not gonna lie, my net long deltas are feeling pain today, but I have so much silver lining here! Fuzzy bears are dancing and singing, holding hands with hedges and protective puts. None of you guys (men) could get away with saying a sentence like that 🙂
1. Gorillas are getting stopped out, gone are: BAH, TSEM, IDTI
2. Lots of hedges are rolled. The best way to balance long fuzzies is to rework the hedges and bring in fresh short delta. Rolled SPY, MSFT, CMCSA, IWM, KR, CAT, MU, collecting about $2800.00 on the covers.
3. Added a new Fuzzy bear on QQQ Mar 167/167/19 @ 2.73 hedged w/ 164 @.65

Revised Short Fuzzy Profit (on CLOSED Fuzz’s) after taking some losses today: $47,997
Net hedge collection on open positions: $25,180

Kelly 9:48 am on Friday, February 2, 2018
Tags: CoveredCalls ( 2,202 )

$RCL #CoveredCalls Rolled Feb 2…

$RCL #CoveredCalls
Rolled Feb 2 $125 call to Feb 23 $126 call for even

fuzzballl 9:42 am on Friday, February 2, 2018
Tags: SyntheticStock ( 356 )

SVXY

#SyntheticStock – Only selling the minimum required to cover max loss if the trade runs the duration…

Bought to Close SVXY FEB 2 2018 120.0 Calls @ .10 (sold for 1.22)
Bought to Close SVXY FEB 2 2018 128.5 Calls @ .10 (sold for .93)

Sold SVXY FEB 9 2018 124.0 Calls @ .80

Option Iceman 9:37 am on Friday, February 2, 2018
Tags: CoveredCalls ( 2,202 ), IRA ( 431 ), Rollup ( 121 )

$UVXY #CoveredCalls #Rollup – Bought…

$UVXY #CoveredCalls #Rollup – Bought to close UVXY Feb 2 2018 13.0 Calls/Sold UVXY Feb 9 2018 15.0 Calls @ 0.47 Credit in an #IRA account.
Bumped the strike 2 points for only a one week roll

fuzzballl 9:37 am on Friday, February 2, 2018
Tags: RocketManHedge ( 45 )

SPX

#RocketManHedge – Easing the weekly down for now picking up another 6.40 of downside…

Rolled SPX FEB 2 2018 2820.0 Put to FEB 7 2018 2815.0 Put @ 1.40 credit

fuzzballl 9:32 am on Friday, February 2, 2018
Tags: Earnings ( 3,111 )

AAPL Earnings

#Earnings – Giving these a little time to recover before converting to synthetic…

Rolled AAPL FEB 2 2018 170.0 Put to MAR 9 2018 167.5 Put @ .35 credit
Rolled AAPL FEB 2 2018 167.5 Put to MAR 9 2018 165.0 Put @ 1.22 credit

Kelly 9:28 am on Friday, February 2, 2018

$SVXY $UVXY

STO $UVXY Mar 2 $26 calls @ $0.70
STO $SVXY Mar 9 $65 puts @ $0.85

Option Iceman 9:27 am on Friday, February 2, 2018
Tags: ShortPuts ( 4,764 )

$GWW #ShortPuts – Sold 1…

$GWW #ShortPuts – Sold 1 GWW Jul 20 2018 185 Put @ 2.55 with the stock at 263.50

Option Iceman 9:24 am on Friday, February 2, 2018
Tags: ShortCalls ( 979 )

$UVXY #ShortCalls – as the…

$UVXY #ShortCalls – as the VIX index gets over 15 for the 2nd time today and UVXY hits 12.85:
Sold UVXY Feb 16 2018 30.0 Calls @ 0.25
Sold UVXY Feb 26 2018 26.0 Calls @ 0.48
Sold UVXY Mar 2 2018 26.0 Calls @ 0.69
Sold UVXY Mar 16 2018 28.0 Calls @ 1.04
Sold UVXY Apr 20 2018 26.0 Calls @ 2.03

Option Iceman 9:15 am on Friday, February 2, 2018
Tags: ShortPuts ( 4,764 )

$SVXY #ShortPuts – Sold 1…

$SVXY #ShortPuts – Sold 1 SVXY Mar 16 2018 75.0 Put @ 2.12 with the stock at 111.18

Jeff 9:11 am on Friday, February 2, 2018
Tags: VXXGame ( 769 )

VXX Gamin’

#VXXGame Followed @vxxkelly, sold $UVXY April 20th 26 call for 2.00.

fuzzballl 9:11 am on Friday, February 2, 2018
Tags: SyntheticStock ( 356 )

LUV

#SyntheticStock – Replacing this week’s expiration…

Sold LUV FEB 16 2018 60.0 Calls @ 1.00

Jeff 9:00 am on Friday, February 2, 2018

Results are in… Groundhog sees trouble ahead…

gmb109 8:40 am on Friday, February 2, 2018

When do we get to…

When do we get to see the “Chicken.”

hcgdavis 8:35 am on Friday, February 2, 2018
Tags: pietrades ( 240 )

#pietrades rolls AAPL CC at…

#pietrades rolls

AAPL CC at 165 rolled out to next week for 1.46 credit. CB now 162. That was quite a swing, 10 points up and down in 12 hours. Probably roll another week or so to capture the dividend.

GM rolled 42.5 put out to next week for 0.54 credit. CB now 41.4

I am stalking VXX/SVXY fuzzies as soon as I see a reversal that looks like it will hold. Not going to cap them. Play SVXY synthetic long, VXX synthetic short with disaster protection 5-10 points out.

Kelly 8:35 am on Friday, February 2, 2018
Tags: CoveredCalls ( 2,202 ), Rolling ( 450 )

#CoveredCalls #Rolling $DWDP BTC Feb…

#CoveredCalls #Rolling
$DWDP BTC Feb 2 $71.5 call @ $.45 (Sold for $4.20), STO Feb 16 $72 call @ $.95
$ATVI Rolled Feb 2 $66 call to Feb 16 $66.50 call for $0.15 credit
Still working on rolling $RCL

Jeff 8:25 am on Friday, February 2, 2018

What does the Groundhog see?

fuzzballl 8:20 am on Friday, February 2, 2018
Tags: SyntheticShortStock ( 108 )

NUGT

#SyntheticShortStock – Rolling weekly out and down a little picking up another 2.05 of downside on what is only about a 75 percent hedge of overall short.

Rolled NUGT FEB 16 2018 32.0 Puts to NUGT MAR 16 2018 30.0 Puts @ .05 credit

Option Iceman 8:20 am on Friday, February 2, 2018
Tags: ShortCalls ( 979 )

$UVXY #ShortCalls – a few…

$UVXY #ShortCalls – a few trades so far
Sold UVXY Feb 16 2018 27.0 Calls @ 0.35
Sold UVXY Mar 9 2018 26.0 Calls @ 0.90
Sold UVXY Apr 20 2018 26.0 Calls @ 1.90 and 1.91

Marginwise I’m finding it cheaper to short UVXY Calls than to short SVXY Puts for the same cash inflow at each expiration date

Jeff 8:19 am on Friday, February 2, 2018
Tags: Market ( 69 )

SPX wavering

#Market Intraday we just made a lower high and a lower low. The groundhog sees more volatility ahead.

Jeff 8:18 am on Friday, February 2, 2018
Tags: Earnings ( 3,111 ), IronBitterfly

AMZN IB closed

#Earnings Closed $AMZN 1410/1450/1490 #IronBitterfly for 22.25. Sold yesterday for 37.05.

fuzzballl 8:17 am on Friday, February 2, 2018
Tags: SyntheticShortStock ( 108 )

TLT

#SyntheticShortStock – Rolling weekly out and down a little picking up another .85 of downside…

Rolled TLT MAR 2 2018 122.0 Puts to TLT MAR 23 2018 121.0 Puts @ .15 debit

fuzzballl 8:14 am on Friday, February 2, 2018
Tags: Earnings ( 3,111 )

AAPL Earnings

#Earnings – Peeling one off for a small winner. Still 2 more out there. I’ll roll ’em or close ’em and go synthetic. A little AAPL rally wouldn’t break my heart.

Bought to Close AAPL FEB 2 2018 165.0 Put @ 1.55 (sold for 2.00)

Option Iceman 8:12 am on Friday, February 2, 2018
Tags: ShortCalls ( 979 )

$UVXY #ShortCalls – Sold 1…

$UVXY #ShortCalls – Sold 1 UVXY Mar 23 2018 20.0 Call @ 1.73 With the stock at 12.37.
Highest strike

geewhiz112 8:05 am on Friday, February 2, 2018
Tags: Earnings ( 3,111 ), IRA ( 431 )

JEFFS Amazing Multi Legged AMZN Earnings Trades

A Bright Light In My Otherwise Gloomy Day

#earnings
$AMZN BTC 2/2 1410/1450/1490/1450 IC @ 22.20 STO @ 36.07 Thank you @jeffcp66

Jeff’s 1300/1675 $AMZN Strangle Should expire and allow me to take a deep breath

#ira

fuzzballl 8:04 am on Friday, February 2, 2018
Tags: IRA ( 431 )

SVXY

#IRA – Rolling out and down to the next available rung in the ladder…

Rolled SVXY FEB 2 2018 120.0 Put to SVXY MAR 9 2018 115.0 Put @ 5.25 credit (7.55 total premium now)

Kelly 8:03 am on Friday, February 2, 2018

$UVXY

STO Apr 20 $26 call @ $1.90

Option Iceman 8:01 am on Friday, February 2, 2018
Tags: FallingKnife ( 978 ), ShortPuts ( 4,764 )

$UPS #ShortPuts #FallingKnife – Sold…

$UPS #ShortPuts #FallingKnife – Sold UPS Jul 20 2018 100 Puts @ 1.28

fuzzballl 7:54 am on Friday, February 2, 2018
Tags: SyntheticStock ( 356 )

MAT

#SyntheticStock – Just a quickie taking advantage of the bounce. Not sure why it’s bouncing since it missed earnings and was down all night but I’ll take it.

Sold to Close Jul 2018 16/16/14 synthetic stock / disaster put
Bought to Close Feb 2nd 16 call

Net gain of .88 per contract….

Jeff 7:41 am on Friday, February 2, 2018
Tags: Earnings ( 3,111 ), IronButterfly ( 141 )

Earnings Updates

#Earnings #IronButterfly
Closed $VRTX Feb 2nd 167.5 calls for .55. Looks like we may be basing for the day, so closed the calls and will wait and close the short puts on a bounce.

Closed $AAPL Feb 2nd 162.5 short put for .70. Sold yesterday for 1.65. Looks like I’ll be assigned some stock today.

$AMZN – My strangles will be fine but having to decide when to close the iron butterfly. Right now it has about a $1200 profit but that will slip away if we keep going higher. Watching closely.

Jeff 7:35 am on Friday, February 2, 2018
Tags: SPXcampaign ( 2,265 ), VIXIndictor ( 2 )

SPX trades

#SPXcampaign $SPX Lots of action this morning… I wish I’d taken more action to get short when the Downside Warning hit on Monday. Now I’m getting spanked at new lows… could this be a bottom today? That’s the hard question to answer. But unfortunately, I got shook out.

Closed Feb 2nd 2800/2875 put spreads for 6.80. Sold for 2.25 on Wednesday.
Closed Feb 9th 2790/2765 put spreads for 9.10. Sold for 3.90 on Jan 22nd
Closed Mar 2nd 2690/2665 put spreads for 2.80. Sold for 1.65 yesterday.

Sold Feb 16th 2810/2835 call spreads for 10.00.
Sold Mar 2nd 2895/2920 call spreads for 1.85.

Bought Feb 9th 2760/2740 put spreads for 3.80.

It’s almost like a new experience handling a correction since it has been so long since we’ve had one and the #SPXcampaign has changed so much. I’m experiencing the same issue I had with the Upside Warning… I don’t trust my own signals enough!

Depending on how the day ends I have to be pretty careful about how I’m positioned for Monday.

#vixindictor

jsd501 7:01 am on Friday, February 2, 2018

VIX

We have slipped into backwardation and it will get interesting I think. I have been wrong before though.

Jeff 6:34 am on Friday, February 2, 2018

Gap

The opening TICK reading is the lowest we’ve seen since late September of 2016.

mortlightman 6:33 am on Friday, February 2, 2018

NFLX

Rolled 265/262.5 BuPS to next week .18 total Cr .44

Jeff 6:15 am on Friday, February 2, 2018
Tags: Jobs ( 135 )

January Jobs Report

#jobs With the mega-earnings day and volatility, I totally forgot this was being released this morning.

+200,000 non-farm payroll jobs, vs 180K expected
Unemployment holds steady at 4.1%
U6 unemployment up one tenth to 8.2%
Wages up 0.3%, reflecting 2.9% annualized
Labor force participation holds at 62.7%