Historical largest VIX spikes…

vix spikes

AMAT DG DUST OLED PYPL SMH TLT UVXY

#LongCalls #LongPuts #LEAPS #VXXGame – In and out all day but manged to squeeze in a few trades….

AMAT: Added last of the long LEAPS reducing basis.

Bought to Close AMAT OCT 26 2018 41.0 Calls @ .02 (sold for .43)
Bought AMAT JAN 17 2020 50.0 Calls @ 1.15

DG:

Bought to Close DG OCT 19 2018 112.0 Calls @ .05 (sold for .65)
Sold DG NOV 2 2018 108.0 Calls @ .85

DUST: Nice drop today. Luckily ratio’d at 2×7. Rolling the short puts down and out. Long puts working nicely.

Rolled DUST OCT 12 2018 37.0 Put to DUST NOV 16 2018 35.0 Put @ even

OLED:

Sold OLED OCT 26 2018 120.0 Call @ 1.20

PYPL:

Sold PYPL OCT 26 2018 82.0 Calls @ .94

SMH:

Bought to Close SMH OCT 26 2018 108.0 Calls @ .06 (sold for .95)

TLT: Getting out of the way a little with my triple size position. One winner one loser with a net winner.

#PerpetualRollingStrangles

Bought to Close TLT NOV 2 2018 118.0 Calls @ .15 (sold for .44) .29 gain
Bought to Close TLT NOV 9 2018 116.5 Calls @ .64(sold for .47) .17 loss

UVXY: Haven’t sold these naked very often since Aug 2015 🙂 Sometimes it’s too good to pass up.

Sold UVXY DEC 21 2018 95.0 Call @ 8.25

Long a strangle

I ended up legging into a long SPY strangle, playing for opening gap or big move in either direction tomorrow.

Previously, BTO $SPY Oct 12th 270 puts for 1.55
Just now, BTO 276 calls for 1.04

#earnings #ironbutterly JPM sold Oct….

#earnings #ironbutterly JPM
sold Oct. 19 100/108/108/115 for 4.16

Lightening up on DUST

Had a lot of short call exposure so with a 20%+ down day I thought it would be a good idea to take advantage and lighten things up a bit.
Bought to close:
$DUST Nov 16 49 calls @ .35. Sold for 1.60 and 2.00 on 8/15.
$DUST Dec 21 60 calls @ .39. Sold for 2.30 on 8/16.

#longcalldiagonals First step Bought SPXL…

#longcalldiagonals First step Bought SPXL Jan 2021 46 Call @ 12.00. 1 comtract (Only contract today). I will cover as thing recover. Also Trying for TQQQ but no bites.

Taking off FXB finally

Bought to close $FXB Oct 19 129 puts @ 1.15. Sold for 4.02 as a rollout on 9/5.
This was rolled twice. Recovered losses from July and September–total profit .45. Tough trade but glad to be out for a profit. It was also quite the margin hog so it frees up a nice amount of buying power. So I got that going for me. Which is nice.

SPX put spread closed

STC $SPX Oct 12th 2725/2700 bear put spread for 4.35. Bought this morning for 1.90. Missed the lows, waited for the bounce to fade, then it didn’t fade, so I bailed. Still have some SPY puts down at 270 which will work if we can get another flush.

Day trade shot

Bought $SPY Oct 12th 270 puts for 1.55. Will sell it if we get another flush down, or hold overnight if we don’t.

#UVXY Jeff, wow, this is…

#UVXY
Jeff, wow, this is the time of UVXY today went nearly +10 then back a bit

#shortputspread AMZN Tradewise recommendation, sold…

#shortputspread AMZN
Tradewise recommendation, sold October 19, 1637.50/1640 put spreads for .63.

T2108 update

Now at 13.34. Not yet single digits @jsd501 but an impressive pullback (near 8% at the lows) nonetheless.

For those unfamiliar with TC2000, this indicator is the % of stocks above their 40 day moving average.

A few trades

#ContangoETFs
BTC $GUSH Dec 57 call for .75. Sold in May and July for 5.35 (avg price)
BTC $DUST Nov 16th 60 call for .15. Sold for 1.95 on Sep 5th.

#VXXGame
STO $UVXY March 95 call for 10.15

#CoveredCalls
BTC $PVTL Oct 19th 20 covered calls for .05. Sold for .45 last week.

Went for bike ride, everything…

Went for bike ride, everything had turned green. Came home thought there may be a double/triple bottom forming then it looks UGLY now!

Really wish I had kept the hedge insurance on, but way too expensive now.

ERX STO ERX Oct26’18 29…

ERX
STO ERX Oct26’18 29 PUT $0.55
STO ERX Jan18’19 25 PUT $1.25
STO ERX Nov16’18 27 PUT $0.80
STO ERX Dec21’18 26 PUT $1.15
You can do better now.

SWK pre-earnings

#Pre-Earnings Bought $SWK Oct 26th 140 calls for 2.00. Earnings are Oct 25th. This looks like the top performer on Mama’s chart. Starter position, will add more.

Updates rolls and adjustments, just…

Updates rolls and adjustments, just trying to pull some cash out of the market until it stabilizes. Paper losses are high but everything hedged so as we approach expiration the paper losses will improve.

#shortstrangles
/CL added 34 DTE 60/84.5 strangles for 0.22 credit. On oil I have finally figured out the best way to trade it is take profits early, re-enter later if you want back in. Adjust early if it is going against you. The theta decay is wicked fast. 5 contract strangles is roughly $100 a day in decay so as long as it stays in your range you can take some profits early. Closed previous strangles last night for $900 profits in 9 days even with oil moving. Just reset the strangle this morning.

#fuzzy
WDC 60/58 LEAP cost basis 15.41. Sitting on this until closer to expiration.
MU 55/50 LEAP cost basis 8.67 so not expensive but MU has SUCKED. I will adjust it once the short options are under 0.2, soon I suspect.
EOG 115/120 put leap at 14.88. May adjust back 115 depending on where it is at expiration.
EXPE 125/125/126 LEAP cost basis 14.88. Just waiting for theta decay to kick in.
LNG 50/66.5 LEAP cost basis 17.24
XBI 95/97 LEAP adjusted to 95/95 for 0.25 credit. CB 3.37 and 99 days left to manage but this is red on paper.
87/95 LEAP cost basis 4.33 and same as above
95/95 LEAP cost basis 0.85

#pietrades
TQQQ lot 1 65 cc rolled down to 63 CC and out to 22 DTE for 1.4 credit. CB 60.65
TQQQ lot 2 65 CC rolled down to 63 same as above. CB 61
LNG lot 1 66 CC rolled out 8 DTE for 0.53 credit. CB 63.07
LNG lot 2 66 CC rolled out 8 DTE for 0.63 credit. CB 63.63.

Biggest paper losses are the 401k as it is half bonds and half stocks but I can’t trade my way around the dip in those. My 6 trading accounts are not doing too badly 🙂

Just a few observations, my accounts that are much more concentrated are doing better. Not saying put all your eggs in 1 basket, but 1 basket is certainly easier to watch and adjust.

Aggressively collecting income and rolling options helps keep cost basis down and brings in cash even when the market dumps. Also helps offset bad timing.

Picking the right horse makes a difference. I am going to pay a lot more attention to sector rotation. My oil and gas trades are saving my bacon at the moment.

Hope everyone is doing ok with this and has some cash for when a floor is put in 🙂

SPX call spread closed

Bought to close $SPX Oct 12th 2800/2825 call spreads for 5.40. Sold this morning for 9.00. Holding on to the long puts for another drop.

Did a hedge fund or…

Did a hedge fund or something blow up? The last few days are obviously not retail selling. I did not see any news about a fund crashing but that’s what these candles look like.

TOS question

For small accounts, where can I see my day-trade counter?

T2108

Does anyone know where the T2108 is trading this morning?

New UVXY strikes, hedging

#VXXGame UVXY added strikes up to 95 in all expiries. $VXX up to 58 or 60.

Bought $VXX Nov 2nd 58 calls for .62
Bought $UVXY Nov 2nd 95 calls for 2.09

These are a minor hedges against UVXY short calls. I don’t have many yet but will add more if it gets higher.

#longputs MCD STC Oct 19…

#longputs
MCD STC Oct 19 167.50 for 3.20 bot yesterday for 1.00 maybe too early but concerned with theta decay and no further movement.

#longputspread STC DIA Oct 19…

#longputspread
STC DIA Oct 19 $1.80 bot yesterday 1.70 price stalling out so took small profit.

#longcallspread STC SPY Oct 19…

#longcallspread
STC SPY Oct 12 280/285 for 0.70, bot yesterday 1.70, bounce didn’t materialize so cut loss.

SPY long

#LongCalls Bought to open $SPY Nov 16th 285 calls for 2.71. This is grounded in the belief we’ll be reaching for new highs by the end of October. Pretty cheap play that will be a double if we get back to 2900 on SPX.

#shortstock #closing BOX Oct. 8…

#shortstock #closing BOX
Oct. 8 sold short 100 shares of BOX at 19.93, covered this morning at 19.04.

SPX short

#SPXcampaign Sold $SPX Oct 12th 2800/2825 bear call spreads for 9.00. Short-leash idea that we’ll go lower today.