Anyone feel the rumble? That would leave a nice divot in North Korea too.
http://www.independent.co.uk/news/world/americas/gbu-43b-mother-of-all-bombs-massive-ordnance-air-blast-afghanistan-isis-a7682996.html
Author Archives: fuzzballl
UVXY
#IRA – Adding to an existing position…
Sold UVXY SEP 15 2017 30.0/40.0 Bear call spread @ 1.25
WYNN adjustment
#ShortStrangles – As long as the stock is grinding around in between the strikes I’ll keep rolling for good cash.
Rolled Apr 13th 120/105 inverted strangles to Apr 28th @ 1.80 credit.
This is another roll into the week before earnings…
REGN adjustment
#ShortStrangles – Pretty aggressive but with earnings the following week a roll should be easy…
Rolled Apr 28th 410.0 call down to 380.0 @ 3.62 credit (filled well above the mid)
Current position is now Apr 28th 380 straddle @ 16.32
TLT adjustment
#PerpetualRollingStrangles – Collecting some more nice weekly dividends…
Rolled Apr 13th 119.5 calls to May 5th 120.0 @ .09 credit
Rolled Apr 13th 121.5 puts to Apr 21st 122.0 @ .76 credit
Rolled Apr 13th 122.0 puts to Apr 21st 123.0 @ .92 credit
And to add a few more long deltas I’m pulling the May monthly puts in and up a little:
Bought to Close TLT MAY 19 2017 116.0 Puts @ .32 (sold for .69)
Sold TLT APR 21 2017 123.5 Puts @ 1.53
SVXY
#IRA #ShortPuts – Re-loading but plenty of dry powder for lower strikes.
Sold SVXY MAY 19 2017 90.0 Put @ 2.75
Sold SVXY JUN 16 2017 80.0 Put @ 2.75
Sold SVXY SEP 15 2017 70.0 Put @ 3.25
Sold SVXY JAN 19 2018 60.0 Put @ 4.00
SVXY
#ShortStrangles – Adding another one. This is my widest one so far in this expiration.
Sold SVXY JAN 19 2018 55.0/255.0 Strangle @ 5.75
SVXY
#ShortPuts – Margin freebie against short calls…
Sold SVXY JAN 19 2018 55.0 Put @ 2.50
GOOGL adjustment
#LongCallDiagonals – Taking a little risk off the table with this big up move finally stalling and earnings coming up. Not up as much as the AMZN trade but still up considerably from Nov 15th when the trade started.
Rolled Jan 2019 650 call up to 750 @ 74.08 credit.
NVDA
#IRA #ShortPuts – Caught a downgrade last week by some “expert”. Looks like it’s heading to the 200ma so taking some risk off. I’ll look to sell again during or after earnings.
Bought to Close NVDA APR 21 2017 95.0 Puts @ .87 (sold for 1.75)
Bought to Close NVDA APR 21 2017 100.0 Puts @ 2.95 (sold for 3.10)
Arab Spring and debt ceiling….any similarities to now? Hmmmm…
https://en.m.wikipedia.org/wiki/Arab_Spring
https://en.m.wikipedia.org/wiki/Black_Monday_(2011)
SVXY
#ShortPuts – Playing it safe near term. Will be looking out in time and much lower strikes…possibly adding to Jan 2018 strangles.
Bought to Close SVXY MAY 19 2017 80.0 Put @ 1.08 (sold for 1.35)
Bought to Close SVXY JUN 16 2017 70.0 Put Limit @ 1.13 (sold for 3.25)
And in an #IRA :
Bought to Close SVXY APR 21 2017 105.0 Put @ .80 (sold for 2.50)
Bought to Close SVXY APR 28 2017 100.0 Put @ 1.41 (sold for 2.20)
Bought to Close SVXY MAY 5 2017 100.0 Put @ 1.73 (sold for 2.75)
Bought to Close SVXY MAY 12 2017 95.0 Put @ 1.97 (sold for 2.25)
Since this is a smaller IRA that is usually fully invested in SVXY I’m booking these and looking for lower strike opportunities vs getting tied up for months in possibly underwater positions if something crazy happens.
NVDA
Selling against ITM puts…staying one week short of earnings.
Sold NVDA MAY 5 2017 105.0 Calls @ 1.35
SVXY (for the team)
My work is done here…best 12 bucks I ever spent!
🙂
Bought to Close SVXY APR 7 2017 143.0 Put @ 3.60 (sold for 3.50)
IBB
#ShortStrangles – Replacing this week’s…
Sold IBB MAY 19 2017 300.0 Call @ 3.00
AMZN adjustment
#LongCallDiagonals – Taking a little risk off the table with this big up move finally stalling…
Rolled Jan 2019 600 call up to 750 @ 112.0 credit.
GLD adjustment
Still meandering around in between the strikes so I’m still selling and collecting…another “dividend” payment.
🙂 🙂
Rolled GLD 120.5/113 inverted out from Apr 7th to May 5th @ 1.05 credit.
EWW adjustment
#ShortStrangles – Rolled Apr 49 calls to May 12 weekly 50’s @ .48 debit
And to pay for it:
Rolled Apr 51 puts up to Apr 52.5 @ .58 credit
NVDA
#IRA #ShortPuts – Playing it safe….
Bought to Close NVDA APR 21 2017 105.0 Put @ 5.10 (sold for 5.10)
Still holding 100’s and 95’s…
MGM
#IRA #BullPutSpreads – Nearing recent highs so unloading this one…
Bought to Close Apr 21 2017 28/25 Bull Put Spreads @ .60 (sold for 1.60)
AMZN adjustment
#LongCallDiagonals – Making some bigger adjustments in these trades…letting the leash out a little with it on a big run…
Rolled May 19th 810.0 call to Oct 20th 850.0 call @ 3.06 debit. Rolling up along the 50ma…
Don’t mind spending 3 bucks to pick up 40 points considering the front month calls have brought in 42 points since the beginning of the trade…
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working very nicely.
NVDA
#AnalystsAreIdiots – I got a little directional on my NVDA position figuring she bounces at the 50ma. Sold my calls a little looser against the ITM puts. Got what I deserved…LOL That’s why I’m no longer a directional player. Too many unknowns with some off the wall analyst talking the thing down probably looking to buy.
Rolled Apr monthly 116, 117, and 118 calls down to 108 @ .55 credit. Will roll the puts to the week before earnings then adjust from there.
TSLA adjustment
Posted this last week:
#ShortStrangles -Not a big fan of this thing so getting out of the way. I’ll revisit it over earnings. Closing short call and letting short put sit for now. May still eventually roll this short call into a new strangle.
Current position: Apr monthly 255/275 strangle @ 11.53
Bought to Close TSLA APR 21 2017 275.0 Call @ 12.20
So if the put expires it’s a .67 loser. (1 contract…LOL) Might still roll this into something pretty wide to scratch out a small winner…
=======================================================================================
Glad I got out of the way. Now trying to get back to a slight winner:
Rolled TSLA Apr 21 255 put to Apr 28 257.5 put @ .70 credit. Hopefully this is before earnings…
SVXY (for the team)
It warms my heart to see all the volatility selling today. My 143 put is finally doing it’s job…and could still recover by Friday!
🙂 🙂 🙂
SVXY
#ShortPuts #IRA #VXXGame – Sold SVXY MAY 12 2017 95.0 Put @ 2.25
JPM
#LongCallDiagonals – Selling next week’s calls against Jan 2019 long position. In an #IRA so have to roll…
Bought to Close JPM APR 7 2017 90.0 Calls @ .03 (sold for .23)
Sold JPM APR 13 2017 89.0 Calls @ .39
TLT
#PerpetualRollingStrangles – This week’s 119.5 puts looking safe so selling more and rolling calls.
Rolled this week’s 119.5 calls to May 5th 120.5’s @ even
And:
Sold TLT APR 13 2017 121.5 Puts @ .82
Sold TLT APR 13 2017 122.0 Puts @ 1.08
SVXY (taking another one for the team)
#ShortPuts #TakeOneForTheTeam I just can’t help myself. 🙂 The last three times I’ve taken one for the team have worked out ok. Got us some volatility but eventually ended up nicely profitable. Let’s try it again…
Sold SVXY APR 7 2017 143.0 Put @ 3.50
EDIT…this is also a revenge trade since I bottom ticked the closing of that last one….
NVDA
#ShortStrangles – Rolling and selling. Replacing yesterday’s closed calls…
Rolled 113 puts to next week @ .52 credit.
Against those added these:
Sold NVDA APR 21 2017 116.0 Call @ 1.00
Sold NVDA APR 21 2017 117.0 Call @ .84
Sold NVDA APR 21 2017 118.0 Call @ .71
SVXY
#ShortPuts #VXXGame – Late fill…
Bought to Close SVXY APR 13 2017 95.0 Put @ .10 (sold for 2.25)
CMG adjustment
#ShortStrangles – Current position is Apr 13 425 straddle @ 10.72. To get this into a little better rolling into earnings position I’m closing the put. Not booking the profit yet though…I’ll carry it into the new position for some cushion. Also, splitting the ITM call into a new slightly higher straddle another week out. One side will expire and then I can roll the other side into high IV of earnings week.
Bought to Close CMG APR 13 2017 425.0 Put @ 2.10
Rolled APR 13 425.0 Call to APR 21 430.0 Straddle @ 2.80 credit
New position: Apr 21st 430.0 Straddle @ 11.42
NVDA
#ShortStrangles – I had gone inverted on this and had been rolling collecting decent premium. Taking my chance here to get “un-inverted”. Stock looks like it wants to go higher so will wait to resell the call side.
Bought to Close NVDA MAR 31 2017 108.0 Calls @ 1.17 (sold for 1.90)
Still holding 113 puts for tomorrow…
REGN again
#ShortStrangles – Adjusting my other REGN strangle. Going aggressive since this expires before earnings. Anything in trouble can be rolled into high IV of earnings week.
Rolled Apr 28th 350 put up to 380 @ 4.50 credit.
Position is now Apr 28th 380/410 Strangle @ 12.70 so breakeven of 367.30 up to 422.70
JPM
#IRA #LongCallDiagonals – GS worked nicely so getting back in with a long term modified Whiz trade on JPM. Buying a 2019 call and selling a lower 2019 bull put spread against it to help finance the call purchase. Then…selling front month calls against it. Front month calls only need to bring in 20 cents a week to pay for the opening debit. Risk is stock dropping below 2019 bull put spread but with losses limited I’d get the stock at a reasonable price.
Bought JPM Jan 2019 70 calls and sold Jan 2019 60/50 bull put spreads @ 20.05 debit.
Then:
Sold JPM APR 7 2017 90.0 Calls @ .23
XIV stock
Accumulated a few shares on the dip. Never really expected to make much on these. Taking the profit as a nice gift after a 10 point move in 24 hours. Wow…
Sold XIV @ 73.95 (bought for 69.30)
IBB close roll and open
Bought to Close IBB MAR 31 2017 300.0 Call @ .10 (sold for 1.75)
Rolled this week’s 297.5 Put out to Apr monthly 295.0 @ .90 credit
Against that:
Sold IBB APR 7 2017 295.0 Call @ 2.04
SVXY (taking another one for the team)
#ShortPuts #TakeOneForTheTeam -The last two times I’ve taken one for the team have worked out ok. Got us some volatility but eventually ended up nicely profitable. Let’s try it again…
Sold 1 SVXY MAR 31 2017 143.0 Put @ 3.00
And adding one out in Jan 2018 as a short call offset…I know…should’ve sold it yesterday but who knew? Incredible reversal in 24 hours.
Sold SVXY JAN 19 2018 60.0 Put @ 3.74
SVXY
#ShortStrangles -This thing is a beast…I’m getting out of the way of the nearer term short calls and letting the way out of the money short puts ride. All the strangles should still be nicely profitable with no more upside risk. Still holding the Jan 2018 short calls which is plenty of short exposure for now.
Bought to Close SVXY MAY 5 2017 160.0 Call @ 2.84 (80/160 sold for 3.00)
Bought to Close SVXY MAY 19 2017 170.0 Call @ 2.10 (80/170 sold for 3.45)
Bought to Close SVXY JUN 16 2017 200.0 Call @ .60 (70/200 sold for 3.85)
Bought to Close SVXY SEP 15 2017 235.0 Call @ 2.17 (65/235 sold for 5.75)
Bought to Close SVXY SEP 15 2017 240.0 Call @ 1.98 (60/240 sold for 5.15)
TSLA
#ShortStrangles -Not a big fan of this thing so getting out of the way. I’ll revisit it over earnings. Closing short call and letting short put sit for now. May still eventually roll this short call into a new strangle.
Current position: Apr monthly 255/275 strangle @ 11.53
Bought to Close TSLA APR 21 2017 275.0 Call @ 12.20
So if the put expires it’s a .67 loser. (1 contract…LOL) Might still roll this into something pretty wide to scratch out a small winner…
Strangle defense?
#ShortStrangles – TT recommends rolling the un-threatened side for additional credit and even going inverted if needed. It works great but can sometimes catch you in a whipsaw. Been trying to come up with something that would defend these positions without the inversion. Whaddya think of this? Whipsaw still a concern but not as likely compared to TT strategy.
1. As one side begins getting threatened (maybe a strike or two before going itm) roll unthreatened side up to delta 30ish
2. If stock continues in same direction then roll to straddle.
3. Could even skip step two and go straight to step four
4. At or slightly prior to threatened side going itm:
a. Book big gains on non threatened rolls
b. Roll threatened side into a NEW strangle in same expiration for as close to a credit as you’re comfortable with.
5. New strangle wouldn’t be worth much since you’re splitting original premium in that position between two new positions or could just split all premium including rolls but not book it until position is closed.
6. Manage new strangle same way.
TSLA adjustment
Delta adjustment rolling put up to the 50ma support…
Rolled Apr monthly 240 put up to 255 @ 2.95 credit.
Position is now 255/275 strangle @ 11.51
WYNN again
#ShortStrangles – My only real problem child at this point. Had 105/100 inverted strangles and then rolled 105 puts up to 113 for this week. That’s gonna be a nice winner but calls not so much so rolling 100 calls out 2 weeks (avoiding earnings week for now) into new strangles. Will roll again once earnings week is announced. I like rolling into the high IV of earnings. Gives a great opportunity to adjust the strikes even more than usual.
Rolled this week’s 100 calls to Apr 13th 105/120 inverted strangles @ 1.10 credit
SVXY stock
#CoveredCalls #VXXGame – Was holding stock at a 120.75 basis covered by 127 calls for this week. Sold stock in pre-market @ 128.30.
And:
Rolled 127 calls to Jan 2018 225, 230, and 235 strikes for a total credit of .95
/ES hedge adjustment
#Futures – Short /ES against short Apr 2350 put. Rolling the put down and out to June to increase downside protection a little.
Rolled /ES Apr 2350 Put to Jun 2300 @ 3.25 credit
SVXY UVXY….what if?
With our recent increase in SVXY and UVXY trading I thought it might be a good time to pull this out of the archives…
http://seekingalpha.com/article/2250783-how-uvxy-and-svxy-would-have-reacted-in-2008-and-2011?page=7
UVXY to 222 and SVXY to 3? Run that through the TOS analyze tab with current positions and see how it looks. Not a pretty site. Chances are slim but anything is possible with the chance of things going bump in the night over in North Korea or the South China Sea. Let’s be careful out there!
Earnings….already?
Starting to see a few earnings dates trickle in at TOS. Second week of April starts cranking up again.
🙂 🙂
More SVXY
Might be pushing it a little on the upside here but it’s the highest available strike for now. Went back to a fairly conservative upper trend line I’d forgot about on freestockcharts.com that I used to use for call selling. This should be safe but not a lot of breathing room…
#ShortStrangles – Sold SVXY MAY 5 2017 80.0/160.0 Strangle @ 3.00
SVXY
#ShortStrangles – Sold SVXY MAY 19 2017 80.0/170.0 Strangle @ 3.45
TLT
#PerpetualRollingStrangles – Liking these so much I’m increasing the position size a little…
Sold TLT MAY 19 2017 116.0/124.0 Strangles @ 1.65
Weekend reading….
#Books – Stumbled onto an interesting book. Looks like a great plan for longer term non-option trading accounts. If nothing else it’s fun reading…especially the first chapter. I couldn’t agree more with it.
Rolled GLD
#PerpetualRollingStrangles – Yesterday…didn’t have time to post. More weekly dividends in a long term position. Almost 6 months into the GLD TLT “perpetual” experiment. I’ll try to get an update together. So far though, very low margin to carry these positions and estimating at least a 2-300 percent return on margin required. Now that’s a dividend!
Rolled GLD 120.5/113 inverted out to Apr 7th @ .47 credit.
WYNN adjustment
#ShortStrangles PerpetualRollingStrangles – Originally booked a big gain on covered stock and rolled the ITM calls to 105/100 inverted strangles. When WYNN broke higher I aggressively rolled the 105 puts up to 113. Now leaving the strikes the same and rolling a week for more juicy premium. At some point one side will expire and I’ll roll the remaining side into a new strangle. Earnings should be late April so just doing a week at a time until then…
Rolled WYNN 113/100 inverted strangles out to next week @ 1.35 credit.
New position is 113/100 inverted @ 4.88 credit.
SVXY
#ShortPuts #IRA – Sold SVXY MAY 5 2017 100.0 Put @ 2.75
XIV stock
#IRA – Buy orders in for a few shares every 5 dollar drop all the way to 20. At that point I’ll be in a half position looking to load the boat. Not allowed to trade SVXY in this particular account…
Bought XIV @ 69.95
DUST
#ShortCalls – This was a short term delta play that I promised myself I’d unload at 50 percent of max or better the first chance I got. Late fill yesterday…
Bought to Close DUST JUN 16 2017 65.0 Call @ 1.10 (sold for 4.00)
REGN
#ShortStrangles – I’m hoping this is a week or two before earnings…
Sold REGN APR 28 2017 350.0/410.0 Strangle @ 8.20
SVXY
#ShortPuts #IRA – Did manage to squeeze a couple in today…also booking one longer term hoping for a nearer term sale.
Bought to Close SVXY MAR 31 2017 95.0 Put @ .05 (sold for 2.50)
Bought to Close SVXY JUN 16 2017 70.0 Put @ 1.45 (sold for 4.60)
Sold SVXY APR 28 2017 100.0 Put @ 2.20
Grrrrr…..
1. Leave DFW hotel room as opening bell sounds
2. Tow bar issues on pushback
3. Return to gate for 45 minute maintenance inspection
4. Finally ready to leave
5. Wait in long taxi line
6. Airborne for beautiful trip across the gulf to MIA (still love that part of the job)
7. Touchdown for 25 minute gate wait
8. Cram myself into last square inch of space on employee bus
9. Sit in traffic standstill for 45 minutes while 2 by 4’s are cleaned up off of the turnpike
10. Pull into RV park and turn on computer and hear the closing bell
LMAO! That, my friends, is the typical day of a guy that can’t wait to retire!
Looks like I missed a great day…hoping for a second chance tomorrow. Nice trading everyone!
REGN
#ShortStrangles – Book it…looking for a new one.
Bought to Close REGN MAR 31 2017 330.0/420.0 Strangle @ .52 (sold for 5.70)
NVDA adjustment
#ShortStrangles – Been on a nice run so making a minor adjustment. Booking short puts and rolling short calls out to new inverted strangles. Keeping everything near term until we know earnings week. Should be able to roll there for big credit once we know when it is.
Bought to Close NVDA MAR 24 2017 105.0 Puts @ .39 (sold for 2.80)
and:
Rolled Mar 24th 102 Calls to Mar 31st 113/108 inverted strangles @ 1.10 credit.
Definitely don’t mind fighting this a little to the upside with April 95, 100, and 105 short puts in an #IRA …
CMG earnings?
I’m concerned about getting caught in the rising IV of an earnings date announcement so booking a winner and re-selling earlier to make sure it’s not in an earnings week. Kinda hit and miss when they announce.
Bought to Close CMG APR 21 2017 370.0/460.0 Strangle @ 2.73 (sold for 5.03)
and:
Sold CMG APR 13 2017 375.0/425.0 Strangle @ 3.07
FEYE
#CoveredCalls – Sold FEYE Apr 21 2017 12.5 Calls @ 0.38 replacing last week’s expiration.
GLD NVDA WYNN rolls
#ShortStrangles – Hate doing this already but busy rest of the week during market hours. It’s too bad since some of these might’ve expired. Just going out a week to stall a little….see where they are next Friday.
Rolled GLD 120.5/113 inverted strangles to next week @ .23 credit
Rolled NVDA 105/100 inverted strangles to next week’s 105/102 @ .46 credit
Rolled WYNN 100/105 inverted strangles to next week @ 1.34 credit
SVXY
#IRA #ShortPuts – Sold SVXY APR 21 2017 105.0 Put @ 2.50
Replacing the one I closed yesterday…
TSLA
#ShortStrangles – Adding the put side to the April call…just announced a small SUV coming.
Sold TSLA APR 21 2017 220.0 Put @ 2.10
Position is now 220/275 @ 4.43
SVXY roll
#CoveredCalls – Rolled this week’s 124 covered calls to March 31st 127’s @ even….picking up another 3 points of upside while maintaining a little downside protection.
REGN adjustment
#ShortStrangles – Had an extra one on for this week. Put looks great and call sitting at breakeven so closing and setting a new one much wider. Still sitting on March 31st 330/420…
Bought to Close REGN MAR 17 2017 365.0/395.0 Strangle @ 2.69 ( sold for 5.62)
Then:
Sold REGN APR 21 2017 350.0/420.0 Strangle @ 7.02
TVIX
http://www.investopedia.com/news/volatility-etn-face-110-reverse-split-tvix-vxx/
Can the rest of ’em be far behind?
SVXY
Trimming a little…
Bought to Close SVXY MAR 24 2017 90.0 Put @ .20 (sold for 2.50)
IBB adjustment
#ShortStrangles – Adjusting next week’s 280/290 strangle…booking one side and rolling threatened side out a couple weeks into a new strangle.
Bought to Close IBB MAR 17 2017 280.0 Put @ .20 (sold for 5.28)
Then:
Rolled 290 call out to March 31st 297.5/300.0 Strangle @ .21 credit (also carrying forward the 3.30 received from 290.0 original call sale).
AAPL….completely out now
#ShortStrangles #BullPutSpreads – This was an aggressive adjustment from some rolling strangles I’d been carrying. Goal was to get rid of this one at even allowing an official booking of the 14.30 received from the rolls. Is AAPL a 1000 dollar stock? Heck if I know but it’s at a split adjusted 980 from the last 7 for 1. That’s a lot of iPhones!
Bought to Close AAPL MAR 17 2017 140.0/130.0 Bull Put Spreads @ 1.45 (sold for 1.45)
ULTA earnings
Strong stock….getting out with a profit in case it runs away.
Bought to Close ULTA 262.5/275.0/287.5 Iron Fly @ 7.85 (sold for 10.20)
TLT
#PerpetualRollingStrangles – Next week’s 120 and 121’s looking pretty safe so adding a couple weeks out.
Sold TLT MAR 31 2017 118.5 Calls @ .84
Sold TLT MAR 31 2017 119.0 Calls @ .67
Sold TLT MAR 31 2017 119.5 Calls @ .54
TSLA
She’s hanging on to the 50ma by a thread. Closing call side of next week’s strangle and looking to sell another one. Still sitting on the 240 put for now.
Bought to Close TSLA MAR 17 2017 280.0 Call @ .05 (sold for 2.65)
BTW…thought this was pretty interesting…
http://www.businessinsider.com/tesla-unveils-kauai-hawaii-solar-project-2017-3
TLT adjustment
#PerpetualRollingStrangles – Working all morning but got a couple fills…
Replacing this week’s expiration:
Sold TLT MAR 24 2017 119.0 Calls @ .63
And:
Rolled this week’s 119.5 puts out to March 24th 119.0 @ .02 credit
Options Bistro 