Downside Warning in effect

#VIXIndicator So after the failure of the Upside, we entered a Downside at today’s close. This signal usually means the market goes lower over the coming days.

NUGT closings

Just catching up on my trades.
I closed both of these positions for around overall breakeven (they were rollouts from losing Sep short calls).
-Bought to close $NUGT 12/20 53 calls @ 1.18. Overall profit .11.
-Bought to close $NUGT 10/18 32 calls @ 1.63. Overall profit .22.

My only remaining NUGT position is short 10/18 27 calls (another one from a Sep rollout).

SPX Monday

#SPX1dte Sold to Open $SPX Oct 7th 2780/2805-2960/2985 condors for 2.80, IV 17.29%, SPX 2889. Using expected move to down side as stop; half expected move to upside.

#oilu and #oild Does anyone…

#oilu and #oild
Does anyone here have experience with the above?
With the 0 fees on TD I am thinking of shorting and going long on these.
or selling call etc.


#BearCallSpreads – Thanks @Ramie !

Sold DRIP DEC 20 2019 130.0/140.0 Bear Call Spreads @ 1.55

#closing UVXY Sept. 10 sold…

#closing UVXY
Sept. 10 sold Oct. 18, 17 lp/27/sp/27lc/34sc for 1.10, #tastytradefollow, sold today for 1.28, making 2.38. This was a long put spread/long call spread spread.


#ShortPuts – Fat fingered this one earlier. Could’ve gotten about 30 cents more.

Sold SOXL NOV 15 2019 100.0 Put @ 2.80

IBB strangle 102/107 for 10/25.

Closed the call side for 0.10. Rolled the 102 put down to 101.5 for 11/8 for 0.09 credit. If keep dropping with convert to #fuzzy now that the 2022 LEAPs are out.

EOG #fuzzy 85/75/75 rolled the 75 puts for this week out to next week for 0.41 credit. Cost basis 23.11 now.

My /ES 2690/2700 hedges only have about 2k profit, trying to sit on my hands for now but if looks like flat rest of day will roll down to take out some cash/profits.

XBI 80/80 #fuzzy rolled next week short puts out to 10/25 for 0.43 credit. Cb now 13.54. May roll the longs out to 2022 soon because they only cost $3-4 more for another year of weekly selling.


#ShortPuts – Selling against the call spreads. Booking these and looking for a new sale on a relief rally of some sort.

Bought to Close UVXY OCT 4 2019 25.0 Puts @ .04 (sold for .52)

SPX support?

I’m not a chart guy. Trade mostly on expected moves but still messing around. Does this look reasonable to you chartists? 61.8 retrace right at the 200ma for some support. Not seeing much until there. Fibwizard out there?


Bottom fishing?

Not saying I am going long here but in last 10 minutes /ES had 60k+ longs vs. on 3000 shorts on 5 minute chart.

My hedges have worked nicely so I may roll down to take out some cash.

With the recent volatility over the last few weeks I converted almost everything to spreads to weather the whipsaws better. Seems to be working. Have an IBB strangle I may need to invert tomorrow. Some weird divergences today. XBI up when the market is down. Biotech is usually a risk on trade.


#BearCallSpreads – Adding again. 50 percent size now.

Sold UVXY DEC 20 2019 40.0/50.0 Bear Call Spreads @ 1.47


BTC $ADBE Oct 18 2019 300/310 #BeCS @0.07. Was STO 9/23 @0.50.


SFIX STO 10/4/19 NTM 17.5 PUTS @.56

TRADES: An old fav that I re-discovered.

SFIX STO 10/4/19 18.5 CALLS @.50
SFIX STO 10/4/19 18.0 CALLS @.70 One of my favs because, it’s a weekly, easy on margin, moves slowly. decent premiums. ;>)


Rolled $AMD Oct 18 2019 33 #CoveredCalls // Nov 15 2019 @.74.


STO December 40 put at 1.75


#BearCallSpreads – Adding here…

Sold UVXY NOV 15 2019 37.0/47.0 Bear Call Spread @ 1.40
Sold UVXY DEC 20 2019 40.0/50.0 Bear Call Spread @ 1.35


STO UVXY 35/45 Nov 15 2019 #BeCS @1.65

SPX 1-dte 2870/2890 put spread stopped @4.05 when spx dropped below 2900. Condors sold yesterday @1.10. Holding Call side.

Rolled AMD Oct 18 2019 34 // Nov 15 2019 #shortputs @0.45

UBER puts stopped

#PerpetualRollingStrangles BTC $UBER Oct 4th 31 puts for 2.35. Calls previously closed for .05. Strangles sold for .90 on 9/11. This strategy has worked well on UBER, but will wait a few days before starting a new one. My naked puts on $CHWY have NOT worked; underwater. The Upside Warning had me overly confident on both of these.


#ShortPuts – Easing back into this one…

Sold SPY NOV 15 2019 275.0 Put @ 3.35

#earnings #closing SFIX Closed Oct….

#earnings #closing SFIX

Closed Oct. 18 straddle for 3.35, sold yesterday for 5.10.
Thanks anachronisti

SPX 1-dte stopped

#SPX1dte Stop level was breached quickly this morning. BTC $SPX Oct 2nd 2890/2870 put spreads for 2.95. Condors sold yesterday for .867.Also having to close the Oct 4th spread. Stop was not breached yesterday but it was on the opening tick this morning.

Upside Warning canceled

#VIXindicator It seemed obvious days ago but it was just officially canceled. This is only the third total failure of the signal since 1999, out of 44 total, where the SPX made no new high after the signal fired, other than a brief intraday spike the very next day.