#VIXIndicator Look for higher prices over the next couple of weeks.
Daily Archives: Thursday, September 19, 2019
Thinning some more NUGT
Bought to close 9/20 35 calls @ .12. Sold for 1.40 on 6/20.
My only remaining September position is short 31 calls which I’m leaving on into tomorrow’s expiration to see if a move down will allow me to take them off for a profit. If not, I’ll roll them to October.
The rest of my positions (that weren’t closed for a profit) have been rolled out. In addition to the above I am now short 10/18 27 calls, 10/18 32 calls and 12/20 53 calls.
GDXJ strangle
Still high IV in gold. Sold $GDXJ (junior miners ETF) 10/18 35/42 strangle @ .79 credit. Probability of profit 68%.
#closing ROKU 1 down, 1…
#closing ROKU
1 down, 1 to go. August 7, sold a 60/140 strangle with ROKU around 100, it peaked around 173. Three adjustments resulted in a 140 straddle. I was able to exit with a $12.00 gain.
I still have another ROKU position that started as a 50/80 earnings strangle from May which isn’t looking very good lately.
Upside Warning / Risk Reversal
#SPX1dte #VIXIndicator As an Upside Warning is preparing to fire today (VIX close below 14.50), I’m doing this Risk Reversal for next Friday. I will add more to the long if we get a pullback tomorrow or Monday.
Bought to Open $SPX Sept 27th 3045/3060 bull call spreads for 2.40.
Sold to Open $SPX Sept 27th 3000/2975 put spreads for 5.80.
SPX 1-dte
#SPX1dte Sold to Open $SPX Sept 20th 2940/2960-3045/3065 condors for .75, IV 12.64%, SPX 3011.
STNE
I am finally able to log in. Yesterday I STO the October 18, 36 puts for 1.85 and today I bought the November 50 calls on DHI for 2.75, the stock is at 51.05
UVXY
#BearCallSpreads #ContangoETFs – C’mon Mr. Market give us a chance to re-load. Never got a chance to add much to these.
Bought to Close UVXY OCT 18 2019 50.0/60.0 Bear Call Spreads @ .10 (sold for 1.25)
TRADES:
STNE STO 9/20/19 39.0 PUTS @.79 Want to own the stock a little cheaper.
OSTK BTC 9/20/19 21.0 CALLS @.05
STNE BTO STOCK @38.27
Closing UVXY call spreads
Bought to close $UVXY 10/18 45/55 bear call spread @ .14. Sold for 1.27 on 8/28.
Options Bistro 