fuzzballl 10:49 am on Thursday, December 10, 2015
Tags: 401k ( 16 )

BIB…again

3rd time this week…mostly out of boredom but starting to add up. Trading the bounce off the 50 and rejection off the 21ema as it consolidates.

Bought double size positions yesterday at 66.60 and 65.60. Sold it all at 67.60 today. Adds up nicely in the #401k.

Main position in regular account is short Dec 75 puts that I’ve been rolling out but not down for a couple months. Doubling down bullish by rolling short Feb 50 puts up to Feb 70 for 6.40 credit. (yesterday). Breakeven on Dec position is 69.15 and 61.50 on the Feb position. Leaving Jan open for probable roll of the 75’s again. Gradually adding nice premium each month while the politicians bad mouth those evil drug companies…LOL

fuzzballl 9:55 am on Wednesday, December 9, 2015

SVXY naked calls

Bought to Close SVXY DEC 18 2015 60.0 Calls @ .60 (sold for 1.75)

fuzzballl 9:32 am on Wednesday, December 9, 2015

SVXY naked calls

Bought to close SVXY DEC 11 2015 58.0 Calls @ .20 (sold for 1.25)

fuzzballl 11:01 am on Tuesday, December 8, 2015
Tags: 401k ( 16 )

BIB quickie #401k

#401k – Sold all the BIB I bought yesterday on the run up to the 21ema. Out at 68.25….just missed a reload at 67.25 but orders in all the way back down to the 50ma. Two decent scalps in last 4 trading days…LOL Buy Thur sell Fri buy Mon sell Tue. Loving those alternating red and green big bars!

fuzzballl 7:03 am on Tuesday, December 8, 2015
Tags: IRA ( 431 )

SVXY put #IRA

#IRA – Just one for now…

Sold 1 SVXY JAN 15 2016 55.0 Put @ 4.80

fuzzballl 1:15 pm on Monday, December 7, 2015

/ES #Eminis

Continuing to rally after hours…volatility tanking 🙂

fuzzballl 12:38 pm on Monday, December 7, 2015

UVXY BeCS

Sold UVXY MAR 18 2016 55/75 Bear call spreads @ 1.25

fuzzballl 11:03 am on Monday, December 7, 2015
Tags: 401k ( 16 )

BIB #401k

#401k – Bought this Thursday and sold it Friday last week similar to the XIV trade. Starting a new position here at the 50MA. Starting small leaving room to add if the 50ma doesn’t hold…that could possibly bring the August lows back into play…

fuzzballl 10:13 am on Monday, December 7, 2015
Tags: ContangoETFs ( 446 ), ShortCalls ( 979 )

DUST calls

#ShortCalls – Bought to close DUST DEC 18 2015 22.0 Calls @ .25 (sold for 1.65)

Still short 22 puts so looking to lay the calls out there again on any follow through. This was part of a short rolled straddle worth 5.45 total.

#contangoetfs

fuzzballl 8:00 am on Monday, December 7, 2015

/ES #Eminis

Missed the last 2 dips…Looking to cover a couple shorts once it regains the 20MA on 2 min chart. Trying to bounce a little here.

fuzzballl 7:57 am on Monday, December 7, 2015
Tags: 401k ( 16 )

XIV #401k

Doing the same thing as last Thurs/Fri. Laddering in as it sells off…buying a few shares in #401k every 50 cent drop. Sold them on Friday so starting over here…

fuzzballl 10:12 am on Friday, December 4, 2015
Tags: 401k ( 16 )

BIB #401k

Same strateegery as XIV. Bought it all the way down yesterday to the 50MA. Sold it today at breakeven price of my first purchase. Another overnight scalp for the #401k. Gotta love the volatility!

fuzzballl 9:57 am on Friday, December 4, 2015
Tags: IRA ( 431 )

UVXY Call spreads

Closing a sizable position in my #IRA just in case a better opportunity comes along in next couple weeks. I held this thing all through the August turmoil even when it went completely ITM. After watching this and seeing how stress free it was I think all my UVXY call trades from now on will be spreads. I think I can put them on a little less often for shorter duration and get out of them quicker and with less risk than being exposed to naked positions for months at a time. I’ll still go naked once in awhile but pick my positions carefully (like a 200 strike a year out for 50 bucks…LOL)

This has been a great strategy in my IRA with no losers and no stress. I think I’ll carry this over to my regular account also…

Bought to Close UVXY DEC 18 2015 70/90 Bear call spreads @ .06 (sold for 1.10)

fuzzballl 8:03 am on Friday, December 4, 2015
Tags: ShortCalls ( 979 )

NUGT

#ShortCalls – Added one today so far…

Sold NUGT MAR 18 2016 65.0 Call @ 2.10

fuzzballl 7:57 am on Friday, December 4, 2015
Tags: 401k ( 16 )

XIV #401K

Bought it all the way down yesterday as low as 27.10 and sold it all today at the breakeven point of my first purchase yesterday (29.50). Nice little quick overnight scalp for the #401k. Still holding a core position to hopefully sell up around 32.

fuzzballl 12:52 pm on Thursday, December 3, 2015
Tags: IRA ( 431 )

UVXY call spreads

#IRA – Sold UVXY DEC 18 2015 45/60 Bear call spreads @ .84

fuzzballl 10:11 am on Thursday, December 3, 2015
Tags: ShortCalls ( 979 )

SVXY Naked calls

#ShortCalls – Bought to Close DEC 4 2015 59.0 Calls @ .30 (sold for 1.70)

fuzzballl 10:00 am on Thursday, December 3, 2015
Tags: Eminis ( 10 )

/ES #Eminis

#Eminis – Nice day to have a couple of these short to stabilize the account. I keep ’em double covered with short puts for cost basis improvement. Currently covered puts at 2050, 2000, and 1975 with double coverage at the 1750-1850 area further out. I’d probably go long there anyway…

fuzzballl 7:40 am on Thursday, December 3, 2015
Tags: 401k ( 16 )

XIV #401k

Took over trading of my #401k Sept 1st once the rules changed at American. Now allowed to self manage 95 percent of it with no limit on number of trades. I’ve been using stock only with no options strictly with XIV and BIB playing the swings. Working so far with total account up 14 percent while never using more than one third at any given time.

Yesterday top ticked XIV when I dumped a tranche at 31.50 (smiley face).

Re-building the position now with orders in to buy a small amount every 50 cent drop all the way to the August low of 20. Love scaling in like this since at some point it will turn more than likely before it gets to 20. This will in total be a one third position. If we keep dropping from there I’ll start the second third and trade it. If we eventually get down to the 2011 low of 4 bucks I’ll have a nice cost basis…

fuzzballl 12:32 pm on Wednesday, December 2, 2015
Tags: ContangoETFs ( 446 )

TZA call spread

#ContangoETFs – Adding to some winners…was almost completely out of this ticker.

Sold TZA JAN 15 2016 45/55 Bear call spreads @ .92

fuzzballl 12:18 pm on Wednesday, December 2, 2015

SVXY and UVXY in the #IRA

Couple small trades in the IRA…

Sold UVXY JAN 15 2016 45/60 Bear call spreads @ .78 (half position for now)
Sold SVXY DEC 11 2015 55.0 Puts @ 1.35

fuzzballl 11:55 am on Tuesday, December 1, 2015

SVXY…closing one of my hedges

Bought to Close SVXY DEC 18 2015 65.0 Calls @ 1.10 (sold for 1.55)

Scaling back a little just in case we keep running…

fuzzballl 10:43 am on Monday, November 30, 2015
Tags: EarningsScalp ( 8 )

ULTA AMBA Earnings

#EarningsScalp – Haven’t decided yet but both have earnings later this week. I’ll be watching for now and see what’s available later this week.

fuzzballl 8:00 am on Monday, November 30, 2015
Tags: ContangoETFs ( 446 )

$BOIL – Taking one for the (long nat gas) team

#ContangoETFs – Nothing would make me happier than a nat gas rally so here’s something for Mr. Market to shoot at…

Sold BOIL DEC 18 2015 20/25 Bear call spreads @ .80

fuzzballl 7:57 am on Monday, November 30, 2015
Tags: ContangoETFs ( 446 )

NUGT – It just keeps working (going down)

Trying to keep a fairly full position on any little bounce. Replacing a few higher strikes that should be closing soon. Another of our #ContangoETFs These are filling above the mid so I probably could’ve done better.

Sold NUGT MAR 18 2016 45.0 Call @ 2.70
Sold NUGT JUN 17 2016 60.0 Call @ 3.30
Sold NUGT JUN 17 2016 65.0 Call @ 2.40

fuzzballl 7:51 am on Monday, November 30, 2015
Tags: ContangoETFs ( 446 )

AGQ ZSL – C’mon silver…you can do it!!

Adding to a hedge against my short ZSL position. Short ZSL is a long silver position so hedging with a short silver position. Great thing is they are both #ContangoETFs

Sold AGQ DEC 18 2015 30.0 Calls @ .75

fuzzballl 7:41 am on Monday, November 30, 2015
Tags: ShortPuts ( 4,769 )

NFLX puts

#ShortPuts – Adding to a hedge against some short calls…

Sold NFLX DEC 4 2015 123.0 Puts @ 1.65

fuzzballl 7:38 am on Monday, November 30, 2015
Tags: ContangoETFs ( 446 )

TZA short call spreads

#ContangoETFs – Bought to Close TZA DEC 11 2015 45/50 Bear call spreads @ .06 (sold for .90)

Just a little scalp from a couple weeks ago. Still short Jan 50/60…

fuzzballl 9:57 am on Friday, November 27, 2015

NUGT :)

If I ever have another dog I will name it Nugget! LOL…

fuzzballl 9:55 am on Friday, November 27, 2015

Oops…one more (AGQ short calls)

Still hedging my short ZSL with short AGQ…rolled Dec 33 calls down to 30 and added more. Daring silver to rally here.

fuzzballl 9:51 am on Friday, November 27, 2015

$SVXY…boring but a moneymaker

Still continuing aggressive shorting of puts and calls near the money on a weekly basis. Rolled 60 puts to next week’s 58 for .10 credit. 59 calls expiring today so sold next week 59’s for 1.70. As long as it grinds sideways these weeklies are pretty rich. Still overall net long SVXY so would love to see calls get in trouble. In the IRA I think I’ll let stock get called today at 57 with a 53 basis.

Great weekend everyone!

fuzzballl 9:45 am on Friday, November 27, 2015

BOIL Bear call spreads (KOLD)

Closed Dec 30/40 for a dime. Eases the KOLD pain a little.

On the KOLD subject I also rolled my short puts from 140 to 155 against 105 calls. Strangle is now inverted 50 points while bringing in 48.58 so right now if KOLD closes Dec between 105 and 155 I’ll be at a 1.42 loss (if I let it expire). On the bright side with the huge amount of premium brought in I’ll have plenty of firepower to adjust on the next roll. Right now goal is to get out anywhere near even since it’s such a margin hog at TDA. Staying small is the key to being able to stay in these types of (experimental) trades.

fuzzballl 9:38 am on Friday, November 27, 2015

TZA Bear call spreads

Closed a few of these for pennies. Still short Dec 11 weeklies and Jan monthlies.

fuzzballl 9:36 am on Friday, November 27, 2015

NFLX puts

Been out working last few days but did mange a few odds and ends…

NFLX 120 puts expired last week so replaced them with 117 puts earlier this week. Now rolled those up to 123 puts for an additional 1.45 credit. Total credit now up to 2.75 expiring next week. Still aggressively selling the puts against ITM calls I’m short. Also short Jan 2017 put Leaps.

fuzzballl 12:33 pm on Tuesday, November 24, 2015

KBIO…crazy

New CEO seems pretty shady. Wonder how much he made on this deal. Incredible…

fuzzballl 12:07 pm on Tuesday, November 24, 2015
Tags: Eminis ( 10 )

/ES Emini adjustment

#eminis Sold the call side of my Jan strangle a little too soon. Currently holding Jan monthly 1900/2100 strangle for a total premium of 33.25. Rolled the 1900 put up to 2000 for an additional 12.50 credit.

Position is now Jan monthly 2000/2100 strangle @ 45.75 so breakeven of 2145.75 and 1954.25. Also holding a couple short eminis as overall portfolio protection so if we implode the put will be covered for additional profit. Also short a strangle in Dec and short puts further out and well below the August lows Waiting a little to add calls to those. I’d be happy to go long down in the 1650-1800 range if we get there.

fuzzballl 9:15 am on Tuesday, November 24, 2015
Tags: ContangoETFs ( 446 )

NUGT calls

Adding a few at the higher levels…will add more on any strength. Also short at much higher strikes and better premium.

Sold NUGT JAN 15 2016 35.0 Call @ 2.50
Sold NUGT MAR 18 2016 50.0 Call @ 2.80
Sold NUGT MAR 18 2016 55.0 Call @ 2.40
Sold NUGT JUN 17 2016 70.0 Call @ 3.30

#contangoetfs

fuzzballl 9:32 am on Friday, November 20, 2015

$NFLX -closed puts

Playing it safe here since I’ll be out. Booking these now…they were a triple roll up from 105 to 115 then 120 chasing the stock up this week. Really nice gain but…still short calls against Leap puts. I’ll take these kind of trades every week until Jan 2017!

Bought to Close NFLX NOV 20 2015 120.0 Puts @ .10 (sold for 5.89 total)

fuzzballl 8:16 am on Friday, November 20, 2015

AMBA – No position yet…

AMBA – 12 day squeeze firing long today. I guess GPRO isn’t that big of a customer after all! I’ve been watching this one for awhile. Love those little red TOS dots.

fuzzballl 8:10 am on Friday, November 20, 2015

SVXY housekeeping

I”m not going to be around for the close so unfortunately have to close some stuff prematurely. Using this little dip to take care of those.

Bought to Close SVXY NOV 20 2015 55.0 Puts @ .15 (sold for 1.85)
Bought to Close SVXY NOV 20 2015 57.0 Calls @ .45 (sold for 1.05)

Still have a few 57 calls that are covered. Probably just let the market gods decide how those will go. Either way works for me…LOL

fuzzballl 11:51 am on Thursday, November 19, 2015
Tags: ContangoETFs ( 446 )

$KOLD…second thoughts

Sure looks like nat gas is breaking down again…futures falling below the 20ma today. My KOLD position is extremely high margin so I’m trying a trick that the tastytrade boys use sometimes involving inverted strangles. Hoping to get out of this position sooner but still with a nice profit.

Current position was Dec 105 calls/100 puts strangles worth 26.75 total premium.

I rolled the 100 puts up to 130 for another 10.25 credit. I’ve now got 105 calls/130 puts inverted strangles that have brought in 38 dollars in total premium. The goal is to have the price between the strikes at expiration just like a normal strangle. Both sides will still offset each other but since my total premium brought in is greater than the width of the strangle I’ll still book that 13 dollar difference per strangle. If it continues on up I’ll have plenty of premium to use for further adjustments…

#contangoetfs

fuzzballl 8:28 am on Thursday, November 19, 2015

$KOLD – I’m still wearing shorts in St. Louis!

Will nat gas ever recover? Not sure but I’ll keep selling it and enjoying my heating bills. 100 puts expiring this week so selling again in Dec. These are against 105 calls that have accumulated 21.00 in premium. Would really like these puts to get in trouble…

Sold KOLD DEC 18 2015 100.0 Puts @ 3.52

fuzzballl 8:21 am on Thursday, November 19, 2015

$DUST roll and re-load

I’ve got decent premium built up in the put side of this so staying a little more aggressive here with 20 and 23 short calls expiring this week.

Rolled Nov 23 strike puts to Dec 22’s @ .50 credit (3.86 total now)

Sold DUST DEC 18 2015 22.0 Calls @ 1.65

Position is now short 22 straddles in Dec worth 5.51. Strange trade but turning out pretty nice after getting caught in that big down move in early October.

fuzzballl 7:50 am on Thursday, November 19, 2015
Tags: ContangoETFs ( 446 )

$NUGT – Trash yesterday, Treasure today

Closed a bunch yesterday and one more today…and re-loading. It really is the gift that keeps on giving. LOL

Bought to Close NUGT JAN 15 2016 60.0 Calls @ .85 (sold for 7.45)

Sold NUGT JAN 15 2016 45.0 Calls @ 1.85
Sold NUGT JAN 15 2016 50.0 Calls @ 1.35

#contangoetfs

fuzzballl 12:54 pm on Wednesday, November 18, 2015

$NUGT junk in my trunk…

Closing some scraps hoping this bounce follows through a little to sell ’em again! The gift that keeps on giving…still short a bunch out through Jan 2017…

Bought to Close NUGT DEC 11 2015 40.0 Calls @ .45 (sold for 1.10)
Bought to Close NUGT DEC 18 2015 45.0 Call @ .50 (sold for 3.73)
Bought to Close NUGT DEC 18 2015 50.0 Call @ .30 (sold for 2.60)
Bought to Close NUGT DEC 18 2015 55.0 Call @ .20 (sold for 2.50)

fuzzballl 10:38 am on Wednesday, November 18, 2015
Tags: Rolling ( 462 )

$NFLX rolling

Rolled Nov 107, 110, 112, short calls out to Dec 110, 114.29, 117.14, for even. Also, rolled this week’s 115 puts up to 120 for another 1.47 credit giving these weekly puts a nice total credit of 7.04. Don’t mind dealing with these short term issues since it’s still an overall bullish position. Jan 2017 94.29 short puts are looking great!

#Rolling

fuzzballl 10:20 am on Wednesday, November 18, 2015

$OPHT short puts

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.

fuzzballl 7:10 am on Tuesday, November 17, 2015
Tags: VXXGame ( 769 )

SVXY…I’ll keep shorting you until I’m wrong

$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

#vxxgame

fuzzballl 11:19 am on Monday, November 16, 2015

C’mon silver…I dare ya!

$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

fuzzballl 8:01 am on Monday, November 16, 2015
Tags: Eminis ( 10 )

#Eminis – Looking to scalp…

#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.

fuzzballl 7:54 am on Monday, November 16, 2015
Tags: Eminis ( 10 )

#Eminis – The experiment continues….

#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…

fuzzballl 6:12 pm on Sunday, November 15, 2015
Tags: Eminis ( 10 )

/ES #Eminis Been out of…

/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.

fuzzballl 12:35 pm on Monday, November 9, 2015
Tags: ContangoETFs ( 446 )

$NUGT Calls

$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

fuzzballl 10:56 am on Monday, November 9, 2015

WordPress Mobile Apps

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!

fuzzballl 10:11 am on Monday, November 9, 2015
Tags: Eminis ( 10 )

S&P Eminis

/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

fuzzballl 10:09 am on Monday, November 9, 2015

$OPHT TOS TTM Squeeze

$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.

fuzzballl 10:03 am on Monday, November 9, 2015
Tags: ContangoETFs ( 446 ), VXXGame ( 769 )

$UVXY #VXXGame

$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

fuzzballl 10:00 am on Monday, November 9, 2015
Tags: ContangoETFs ( 446 )

$ZSL $AGQ and TDA margin

$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)