#VXXGame I’m building a much smaller ladder at a slower pace than the master ( @optioniceman )
Sold $UVXY March 16th 22 call for 3.20.
Monthly Archives: February 2018
SPX trades
#SPXcampaign
Stopped: Feb 23rd 2665/2640 call spreads for 4.00. Sold in a #CondorRoll for 3.00 last Tuesday.
#CondorRoll: Sold Feb 9th 2600/2625/2785/2810 condors for 4.25. Expire this Friday.
Closed on GTC orders:
Feb 7th 2800/2825 call spreads for .30. Sold for 4.10 on Friday.
Mar 2nd 2895/2920 call spreads for .20. Sold for 1.85 on Friday.
While we are in correction, call spreads become very lucrative. You can see I sold the two above only one trading day ago.
T2108
Anyone know where the T2108 is right now?
Are we having fun yet?
Enjoy trading this volatility? Just heard this great song… click “Home/REFRESH” and then a music player will appear in the right-hand column… spice up your trading day with a toe-tapping tune. —->
$SPX
Now past 5% pull back, 6% is at $2700.
Sitting within a couple points of the 50sma right now, we’ll see if that comes into play or not.
SPX
STO Feb 7 2645/2640 .15 #bitty
SPY
SPX puts stopped
#SPXcampaign Stopped $SPX Mar 2nd 2680/2655 put spreads for 3.85. Sold as a 1.5x-roll for 2.05 last Tuesday. Considering roll options later in the day.
AAPL
BTO Mar 23 162.50/162.5/160 4.50 #fuzzy
Finally revealed…
… what that kid was doing on his phone.
$SPX #spxcampaign Closed my BePS…
$SPX #spxcampaign Closed my BePS 1.00 Too much going on with the set build to have these types of trades for me. But “I’ll be back.” Over all loss 539 per contract for 2 contracts. Ouchie.
$SVXY
Was away from the market for the first hour this morning so the first batch of trades were GTC orders that got hit. Didn’t get a chance to enter new trades until now. Added a couple more following some of @optioniceman trades.
STO Feb 16 $73 puts @ $0.56
STO Mar 2 $75 put @ $1.65
STO Apr 20 $70 put @ $3.95
We’ll see if the market stabilizes here or if this is just a rest area on the way to lower prices.
GWW
#ShortPuts – Thanks @Option Iceman
Sold 1 GWW JUL 20 2018 200.0 Put @ 4.30
$SVXY #ShortPuts #IRA – extending…
$SVXY #ShortPuts #IRA – extending an existing #OptionLadder
Sold 1 SVXY MAR 16 2018 60.0 Put @ 1.50
Sold 1 SVXY MAR 23 2018 60.0 Put @ 2.05
$SVXY $UVXY
Sold at the open
$UVXY Feb 16 $35 calls @ $0.33
$UVXY Mar 9 $26 calls @ $1.56
$UVXY Mar 16 $35 calls @ $1.34
$UVXY Apr 20 $26 call @$3.22
$UVXY Jun 15 $60 call @ $2.20
$SVXY Sep $60 put @ $7.85
$UVXY #ShortCalls #VXXGame – a…
$UVXY #ShortCalls #VXXGame – a couple of more
Sold UVXY FEB 9 2018 20.0 Calls @ 0.87 – Expires Friday
Sold UVXY FEB 16 2018 35.0 Calls @ 0.43
$KR #ShortPuts – Sold KR…
$KR #ShortPuts – Sold KR APR 20 2018 25.0 Puts @ 0.43
SPX calls closed
#SPXcampaign Closed $SPX Feb 9th 2825/2850 call spreads for 1.05. Sold for 10.40 last Wednesday.
SPX
STO Feb 9 2645/2640 .20 #Bitty
IP
STO #Hedge Feb 9 64 .15
SPX trades
Stopped $SPX Feb 15th 2675/2650 put spreads for 3.25. Sold for 1.50 on Jan 16th.
#ReverseRoll Sold Feb 12th 2790/2815 call spreads for 3.55
Sold Mar 9th 2865/2890 call spreads for 1.75
Closed on GTC order: Mar 2nd 2925/2950 call spreads for .20. Sold for 1.55 last Wednesday.
$SPX #spccampaign Rolled my 2730…
$SPX #spccampaign Rolled my 2730 short put down to 2705 to create a 2710/2705 BePS for 7.40 debit. This just might turn the market back up.
WFC
STO September 50 puts @ 1.50
SPX put spread bought
#SPXcampaign I am already long a put spread from last week and I added another just after the SPX peaked a small rally in pre-market:
Bought to Open $SPX Feb 7th 2700/2675 put spreads for 2.65.
Econ Calendar for week of 2/5/18
Be Sure to periodically click “Home/REFRESH” to keep Bistro features updated.
Good morning
The SVXY breaks below 100. That is a nice start for the day.
Sunday Open
YM opens down 170..Made 176 points on the open move…
will see how the rest of the evening runs…
@fibwizard…you out there ?
What’s the crystal ball showing for the open? We get a bounce and then sell or she gonna tank from the start?
UO
Spending some time reviewing Chris’s (from ST) Videos on UO
Very Interesting, seems to sink in a bit better this time around
OptionsExpiration
$SVXY $90 puts
$SVXY $95 puts
Made these trades when $SVXY bounced back up to $108 @ about @2:25 central, as I was going to be away from the market for the last 1/2 hour of trading.
BTC $SVXY $105 puts @ $0.40 (sold for $0.60), got out with a profit
Rolled $SVXY $110 puts to Feb 23 $90 puts and Mar 9 $85 puts for credits. Moved them out in time and strike price.
Considered taking assignment, but decided to roll instead as there was potential for more downside early next week.
Interesting
https://www.zerohedge.com/news/2018-02-04/things-are-finally-starting-get-interesting
Good morning
I did some quick calculations of previous drops in the SVXY and this is my summary: Based on this, I think we have a lot more to go. My target is 60 to 70 on the SVXY, but I don’t know when we will get there.
9/14/2014 to 10/17/2014, 27% correction
8/14/2015 to 9/04/2015 , 57% correction
10/23/2015 to 2/12/2016, 53% correction
1/12/20108 to 2/02/2018, 25% correction so far
Expiration – Almost Literally ;-) And Some Close Earlies
#optionsexpiration
Full profit
$SPX 2635/2660 BUPS
$AMZN 1240/1280 BUPS
$AMZN 2/2 1300/1675 Earnings Strangle Thank you @jeffcp66
$EXAS 52 call
Full Loss
$CMG 330/335 BUPS
$SPX 2805/2830 BUPS
$SPX 2775/2800 BUPS
$SPX 2865/2885 BUCS
Closed Early
$BA BTC 2/16 280/290 BUPS @.05
$SPX BTC 2/9 2825/2850 BECS @ 6.00 STO at 12.20 Close winners out. Let losers run. Boy am I confused.
$WYNN BTC 2/2 170/175 BUPS @ 3.70 STO @ 1.40
Hope the rest of everyone’s weekend is terrific. Enjoy whatever you enjoy. Back to work on Monday.
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.
#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
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)
Have a good weekend to everyone
I have no expirations today.
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…
Have a great WE Guy’s…
Have a great WE Guy’s & Gal’s
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.
#ironcondor AMZN Following a TT…
#ironcondor AMZN
Following a TT trade Sold March 16 1290/1300/1590/1600 for 3.05
$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
$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
$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
$UPS #ShortPuts #FallingKnife – Sold…
$UPS #ShortPuts #FallingKnife – Sold 1 UPS JUL 20 2018 100.0 Put @ 1.44. Adding on.
VXX game trades
#VXXGame
Sold $SVXY Sept 75 put for 12.15
Sold $UVXY June 40 call for 2.75
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.
@jeff
Congratulations, your downside warning work really well this week.
T2108
Does anyone know where it is trading today?
$SVXY
STO SVXY Jun $40 put @ $1.50
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.
SVXY- ugly out there
STO March 23, 80 put @ 4.05 on 1 contract.
UVXY
#IRA – Sold UVXY JUN 15 2018 25.0/35.0 Bear Call Spreads @ .80
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!
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.
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
$RCL #CoveredCalls Rolled Feb 2…
$RCL #CoveredCalls
Rolled Feb 2 $125 call to Feb 23 $126 call for even
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
$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
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
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
$SVXY $UVXY
STO $UVXY Mar 2 $26 calls @ $0.70
STO $SVXY Mar 9 $65 puts @ $0.85
$GWW #ShortPuts – Sold 1…
$GWW #ShortPuts – Sold 1 GWW Jul 20 2018 185 Put @ 2.55 with the stock at 263.50
$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
$SVXY #ShortPuts – Sold 1…
$SVXY #ShortPuts – Sold 1 SVXY Mar 16 2018 75.0 Put @ 2.12 with the stock at 111.18
VXX Gamin’
LUV
#SyntheticStock – Replacing this week’s expiration…
Sold LUV FEB 16 2018 60.0 Calls @ 1.00
Results are in… Groundhog sees trouble ahead…
When do we get to…
When do we get to see the “Chicken.”
#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.
Options Bistro 