Closing Dec and will let Nov expire this week. Completely out of this ticker now…I may regret not being in if this thing is 300 in a couple years (see $REGN !) thanks @scottto
Bought to close OPHT DEC 18 2015 40.0 Puts @ .25 (sold for 1.50)
Nov positions will expire this week for a nice gain of 3.00…I’ll definitely be looking to get back in on any weakness.
$SVXY – I’ve got enough short puts that I can hope these get in trouble. Long enough XIV in my 401k that I can really hope these get in trouble!
Sold SVXY DEC 18 2015 65.0 Calls @ 1.55
$ZSL $AGQ – I’m so tired of carrying this ZSL ITM bear call spread I’m once again daring silver to go up. This worked great this month being short decent size positions of 38 and 40 calls. If Janet doesn’t raise these should get in trouble…hopefully!
Sold AGQ DEC 18 2015 33.0 Calls @ .57
#Eminis – Looking to scalp 10 or 12 points or if it moves against me adding it to a core short position…helps to protect the naked puts of my strangles as well.
SOLD ES @2028.50…order in to cover at 2016.50 or at breakeven on a rally.
#Eminis – The experiment continues. The market weakness has finally allowed me to make some adjustments. Covered a couple short contracts earlier for even after riding them all the way up and back down. This left a few uncovered puts that I rolled down and out to Jan Feb Mar and Apr in 1650-1750 range. Now that I’ve got a little room on the short side I’m legging into some strangles when we get a little strength.
Starting with this:
SOLD /ES JAN 16 2100 CALL @ 18.00
Paired with a 1900 put that’s only worth 6.00 making total value of the strangle 24.00 so max gain of $1200 per strangle. Had I been more patient on the put side I believe these strangles could easily bring 30 points total. This position ties up about 8 thousand margin per strangle with the option to take a long or short position if they get ITM as well as rollability.
I’ll be looking to add the call sides further out if we rally into the end of the year…
/ES #Eminis Been out of town last few days so no time to post…covered a couple Eminis tonight at 2010.50. Sold them Friday near the close at 2015.00 as soon as I heard about the Paris tragedy. Short a few more at higher prices as a hedge for a fairly big SVXY short put position. Lots of bang for your buck with these things as protection. Had some covered by Dec 2000 puts that I’ll roll down and out if I decide to uncover all of the shorts.
$NUGT #ContangoETFs – Taking a small shot in a ticker that’s already a big winner the last couple months…
Sold NUGT DEC 11 2015 40.0 Calls @ 1.10
Just thought I’d let everyone know I’ve installed the mobile WordPress app on my Android phone and my iPad. They look and work great!
/ES #Eminis – I’ll go long here or cover shorts if I have any left by then…
SOLD /ES JAN 16 1900 PUT @ 15.25
$OPHT Rally mode…
TOS had it in a 5 day squeeze that finally fired long. John Carter says his TTM squeeze indicator will generally run 8 to 10 bars and today is day 11. Hey @Scottto are you smiling?? Wish I had a bigger position. Short 40 and 45 puts for Nov and Dec. The next REGN? Guess we’ll know soon.
$UVXY #ContangoETFs #VXXGame – These should be safe even if we get another August type selloff…sitting on a few short Eminis as a hedge.
Sold 1 UVXY JAN 15 2016 70.0 Call @ 1.60
Sold 1 UVXY JAN 15 2016 75.0 Call @ 1.40
Sold 1 UVXY JAN 15 2016 80.0 Call @ 1.30
Sold 1 UVXY JAN 15 2016 90.0 Call @ 1.05
Sold 1 UVXY JAN 15 2016 95.0 Call @ .95
$ZSL $AGQ #ContangoETFs – Since TDA jacked up our margin requirements on ZSL I’ve been using short AGQ calls instead of short ZSL puts. Serves the same purpose for much less margin. Finally paying off…
Min value commission free…
Bought to Close AGQ NOV 20 2015 38.0 Calls @ .05 (sold for 1.06)
Options Bistro 