$SVXY #ContangoETFs #Shortputs Sold 1 Feb 24th 110 Put @ 1.02 when SVXY was @ 125.55. This will be closed or rolled to avoid assignment.
Author Archives: jdietz1954
$UVXY #ShortCalls, #ContangoEtfs Bought to…
$UVXY #ShortCalls, #ContangoEtfs Bought to close my Feb 17th UVXY calls @ .05.
#Short Puts Bought to close…
#Short Puts Bought to close $ETE Feb 17th 18 Puts @ .05. This was off a Good Till Cancelled order. Originally rolled from Jan 20th 18.50 Puts
#Contango ETFs Sold $UVXY Feb…
#Contango ETFs Sold $UVXY Feb 17th 24 Call at 0.24 when UVXY was at 21.02. I will roll out and up if needed. Alert set at 24. That’s all the red cape waving I can do for this bull.
#contango ETFs, #short puts Spec…
#spxcampaign Closed my Feb 28th…
#spxcampaign Closed my Feb 28th 2130/2150 BuPS @ 0.15 off a GTC order. $SPX was at 2310.47. Originally open 1/30 @ 0.90 So far beginners luck.
#spxcampaign Bought to close my…
#spxcampaign Bought to close my Feb 24th 2340/2360 BeCS @ 0.80. I originally sold this 2/3 for 0.95 off an accidental flip to a GTC order. I decided to take the small profit as the S$P has continued to bang on the 2300 ceiling. I will track this on and see if holding closer to expiration was the proper method as I continue to learn and adjust.
#SPX Campaign BTC Feb 24th…
#SPX Campaign BTC Feb 24th 2100/2120 Put spread @ 0.15. Originally sold for 0.85 on 1/23
$SVXY #Contango ETFs Filled right…
$SVXY #Contango ETFs Filled right at the close. Sold March 03rd 100 Put @ 1.50 when SVXY was at 120.46.
#spxcampaign Closed my Feb 17th…
#spxcampaign Closed my Feb 17th 2120/2140 BuPS for 0.20.
#SPX campaign
Sold Feb 24th 2340/2360 BeCS about the open @ 0.95. I had set this order up yesterday as a conditional if SPX went above 2286. I was going to be away but wanted to the BuPS into an IC. I didn’t realize I made it a GTC order. Probably not a good opening method.
$SVXY
Sold Feb 24th 95 Put @ 1.25.
#SPX Campaign Sold to open…
#SPX Campaign Sold to open Feb 28th, 2150/2130 BuPS @ 0.90 when $SPX was at 2272.86.
#SPX Campaign Back from the…
#SPX Campaign Back from the dog walk. After much reflection I closed my Feb 17th 2340/2360 BeCS at $2.00. I will look to open a new and further out BeCS with 1.5x the original contracts when it appears the break out has settled down.
#SPX Campaign Jeff et. al….
#SPX Campaign Jeff et. al. With the market seeming to be finally breaking out here would you advocate closing a Feb 17th 2340/2360 Call spread here or wait and roll later.
$SVXY
BTC Feb 03rd 80 Puts at .05 on a GTC order. BTC Feb 10th 80 Puts to free up the cash so I could add some $NEWT to the portfolio on the price drop with the secondary.
#SPX Campaign
Sold to open Feb 24th 2100/2120 BuPS @ 0.85 when $SPX was around 2261.
$SVXY
Morning Hope everyone had a great weekend. #VXXGame, #ContangoETFs
Last Friday I was assigned my short Jan 20th 95 and 100 Calls leaving me with zero SVXY stock in quit a while. This morning I sold Feb 17th 90 Put @ 1.60 and Feb 10th Put @ 1.05 when $SVXY was around $110.0. I will roll to avoid assignment.
$ETE
#Short Options Rolled my Jan 20th 18.50 short puts out and down a bit to Feb 17th 18 for a 0.33 credit. Rolled to avoid assignment.
$SPX
#SPXcampaign Sold the Feb 17th 2340/2360 Call spread for 0.85 to make the Iron Condor. So far so good.
$SPX #SPXcampaign Joined in to…
$SPX #SPXcampaign Joined in to begin my plan to master myself with these trades. Sold the Feb 17th 2140/2120 BuPS @ 0.95. Also trying again to tease the market into a pull back. I figure it would be a win win all around if we can get out of this consolidation.
$SVXY Last Thursday tried to…
$SVXY Last Thursday tried to tease the market into a pullback. Sold Feb 03 80 Puts for 0.75.
#ETE Flushed out of my…
$SVXY
Covered up the remaining portion of my long stock by selling the Jan 20 100 Call @ 3.00 when $SVXY was at 95.90.
$SVXY
Morning all. Here’s hoping all have a profitable opening that carries us into the next. Sold to open Jen 22nd 95 Calls @ 5.00 when $SVXY was at 94.80 against some long stock that didn’t get called away last week.
#OptionExpiration
Just popped in from my long and much needed break.
May all of you have a wonderful and safe News Years.
I shall be here Tuesday ready to begin again.
$SVXY
Expiring
75 Put
80 Put
93 Call The pull back really surprised me.
95 Call
Assigned early on 12/28
87 Call
$SVXY #SVXY
#ContangoETFs #ShortOptions Sold Dec 30th 80 Puts when $SVXY was at93.11. I will roll if these get into trouble. I messed up last year taking assignment at these lofty levels and it was a nightmare. Stupid me.
Sold Dec 30th 95 Calls against the remainder of my long stock now that $SVXY has pushed above my target of 93. Order was filled when $SVXY was at 93.47. If I end up being assigned on all the calls, 93s and 95s, most likely the puts expire and I will have a cash position to sell lower strike puts against when the market pulls back in January. If I end up still holding stock a lot will depend on where it closes.
I’m working on my learning objectives for 2017. Controlling my fear of SPX spreads is at the top of the list.
Have a great day. Stay warm and safe and may you all have joyous holidays. My daughter arrives tonight. There be distractions, eating, drinking and story telling henceforth.
#OptionExpiration
#OptionExpiration
Expired
SVXY Dec 16th 70 Put
SVXY Dec 16th 60 Put
Assigned
SVXY Dec 16th 85 Call
Have a great weekend and stay warm.
#ShortCalls #ContangoETFs #Rolling $SVXY Sold…
#ShortCalls #ContangoETFs #Rolling $SVXY
Sold to open Dec 30th 93 Call @ 3.00 when $SVXY was at 90.50 on some of my remaining long stock. I was looking for $SVXY to move up to 93 before covering but the post FOMC activity led me to cover part incase $SVXY can’t make it up to 93.
Rolled a Dec 16th 80 Call out and up to Dec 30th 87 Call for even sans fees. Originally sold for 4.00 so the 4.00 debit was a wash but gained 7 points of upside.
Have a great day all. And thanks for enlightening me to the editing secret.
Afternoon all. #contangoetfs #svxy sold…
Afternoon all. #contangoetfs #svxy sold an initial Dec 30th 75 Put @ 1.15 when $SVXY hit 89.00 this morning.
$SVXY
Afternoon all. Hope everyone is doing well and gearing up for the madness of the season. Late yesterday I bought back my Dec 09th 80 Calls for 9.80 when $SVXY was at 89.61. I had originally sold for 3.60 back on Nov 15th. It was trading close to 100 Delta so I figured with the strong up trend in the market I had a good chance to improve the position with a higher strike. I’m looking at Dec 30th 95’s to cover if $SVXY climbs closer to 93 or 94. I don’t have much long stock left in my IRA to sell calls against thus the trade change. However I expect to be completely out or nearly so by year end and will return to put selling as most of my cash is currently committed to #YieldHog orders.
$SVXY
Welcome back all. Hope all of you had a grand holiday and are well rested. I sure needed it. Popped in here at the end of the day. Tied up this morning and afternoon so I put on a few SVXY trades in case the market pulled back some. Just pinged on the fills
Sold Dec 16th 70 Put at 1.15 when $SVXY was at 84.01
Sold Dec 16th 60 Put at 0.45 when $SVXY was at 83.91
$SVXY
Sold Dec 16th 70 Put @ 1.10. I will roll this if needed. Have a great Holiday all and safe travels. I’m out for the remainder.
$SVXY
Sold to open Dec 16th 85 Call against long stock.
$SVXY
I have been selling puts against SVXY ala Iceman for a few years now learning from the Master while making all the stupid mistakes I can come up with. In keeping with that trend, I’ve come up with a new one. Those low strike Put entries have been great for obtaining long stock to be covered by calls. My general parameters for short Puts has been a three week holding period with premium being around 2% of the strike while taking the rare assignment. Over time it appears to me that covered calls have greater potential returns due to premiums coupled with gains when the assigned stock is sold. With the market at near record highs the low Put strikes with sufficient premium are more of a long term memory as I wait for the next split or a whooshing pull back.
I am managing a small account that has level 1 trading, covered calls only. Without the permission to sell Puts I’m challenged with doing income trades via covered calls against equities. So I want to explore the possibility of using SVXY for income trades in this account. In my personal account I have elected to put on a covered call that expires this Friday, Nov 18th to work through the entry and stop management mechanics before deploying this into the other account.
This morning :
Bought stock @ 75.41 and sold a Nov 18th 75.5 call for 2.30 when the stock pushed back above VWAP the second time. This yielded a basis of 73.25 and a potential gain of +/-2.8% for the week if assigned @ 75.50. I set a position stop at mark 70.00 with a limit to close at 70.10. If the position is closed it would result in a loss of around $340 or approximately 4.5% of the net debit to enter the trade. My entry was not well timed, being a few minutes early of the morning drop. Had I waited I might not have put the trade on but definitely would have picked a lower strike if I had. Will this prove to be a better method for an account that that cannot sell puts and does not involve the issues associated with individual equities earnings, and analysts opinions?
Comments appreciated especially if I have missed something.
#OptionsExpiration
$SVXY Expiring
Nov 11th 77 Calls
Nov 11th 80 Calls
Nov 11th 55 Puts
New SVXY position
Sold to open Dec 16th 80 Call @ 4.00 with the stock at 75.10.
Have a great weekend all.
$SVXY
Well, while I was poking around here earlier I set up a sell to cover call, selling the Nov 11th 80 call for 1.05. Caught the earlier pop at 3:15 this afternoon. Now its back to hiding under the bed. Have a great afternoon.
$SVXY
Popped in to see how the relief rally was going and write up a trade. Sold Nov 11th 77 Calls at 1.55 when SVXY was at 70.80. These are covered by long stock that was originally covered by Nov 4th 75 Calls that obviously expired last Friday. Otherwise sitting on my hands out in the gardens.
$SVXY
Sold to open Nov 25th 50 Put @ 1.05. Put this on and went to try and vote. Huge lines here in NC. Wife had to get to work so we shall try again tomorrow. Filled while we were out. SPX down to the 200dma. I just might wait until after the election to do anything else.
$SVXY
Sold a single Nov 11th 55 Put @ 0.55 when SVXY was at 72.55. Preparing for Yieldhog earnings week with a bunch reporting. Should keep me busy and off the streets. Have a great Halloween and if you must be out driving watch out for all those hard to see ghouls, goblins, politicians.
$SVXY
Sold to open Nov 18th 60 Puts @ $1.25. I had an order on and was filled which surprised me considering the $SVXY price at fill was 73.44. So I popped in to see what all the noise was about. Interesting to say the least. Well, back to playing with the dog.
$SVXY
Sold to open Nov 18th 65 Put @ 1.25.
$SVXY
Sold to open Nov 18th 85 Call against my long stock. I will take assignment here. Waiting on a pull back to sell to open a Nov 18th 60 Put.
#OptionExpiration
Expiration
$SVXY 80 Call
$SVXY 50 Put
Have a great weekend
$SVXY
Rolled my Oct 21st 75 Calls originally sold for 3.30 up and out to Nov 4th 80 strike for a 0.39 debit. This set the sell premium for the 80 call at 1.26. I’ll take assignment there. There was only 0.60 of time premium left on the 75 calls so I figured this was reasonable risk reduction rather than waiting until Friday . I may be early. I’ll know in 2 days.
$SVXY
Sold $SVXY Nov 4th 75 Calls @ 2.15. Filled right at the 4:15 cut off. I’m waiting for my text alert to get the SVXY price at fill.
$SVXY
#OptionsExpiration #Weeklys #Oct14 Only one
$SVXY Oct 14th 80 Call covered
Have a great weekend all.
$SVXY
Taking some risk off prior to FOMC release. Bought to close Oct 21st 60 Puts @ .35. Originally sold for 1.30.
$SVXY
Sold 1 Oct 28th 60 Put @ 0.70 when SVXY hit $73.04 while I was out walking the pupster.
$TWLO
Sold Oct21st 55 Put @ 1.30. Set a day prder and went off to get things done. Filled when TWLO was at 65.51 this is just a single contract spec trade. Assignment would give me a basis near the 50dma.
$SVXY
Sold Oct 21st 75 calls at 3.30 against my long stock. This is the last of my long stock in this account. I will take assignment at this level and begin the process all over again. See if I can do better this next time around.
$SVXY
Sold Oct 21st 60 Put @ 1.30 when $SVXY was trading at 74.82.
$SVXY
Sold both of these covered positions these earlier today:
$SVXY Oct 14th 80 Call @ 1.40 when SVXY was at 73.90
$SVXY Oct 21st 80 Call @ 2.10 when SVXY was at 74.58
$SVXY
Sold Oct 21st 80 Call @ 1.70 against my long stock with $SVXY trading about 72.30. I’m glad to have the FOMC decision over. It seemed like such a long wait. Glad to get some feeling back into my fingers.
SVXY
Closed my Sept 23rd 76.50 Covered Call for a 2.75 profit offsetting the loss on the SPX spread.
$SPX
Closed the Sept 28th 2100/2075 BuPS this morning @ 3.45. Was away so missed closing it at my 2.00 stop. Once the fallout settles I may venture back in.
$TWLO
Sold Sept 16th 55 Put @ 1.35. Considered a covered call but elected to go the short side first.
$SVXY
Bought to close my Sept 16th 60 Put @ 0.12 (original sold for 1.20 on 8/24) and sold the Sept 70 Put @ 1.87. Most of my SVXY stock has been called away so I may take assignment or roll as needed.
$SPX
Sold to open Sept 28th 2100/2075 Bull Put spread @ 1.35 this morning. Whereupon SPX pulled back. Alas. Picked the Wednesday expiry by mistake which explains the low OI. TOS doesn’t differentiate or exclude between the Wednesday and Friday weekly expiries. Double Alas.
$SVXY
Rolled my Sept 02 73 Covered call out and up to Sept 23 76.50 (fat finger strike) for .40 credit. I have no expirations. My daughter who moved to Tallahassee three weeks ago for Grad School had an interesting introduction to Hurricane mania. All is well, just dark and soggy. Have a great three day weekend. And for those on the East coast, try to stay dry.
$ETE
Sold Sept 23rd 17.5 Puts @ 0.45 when $ETE was trading at 18.03. I will take assignment as I currently have no position in this hoglet.
$SVXY
STO Sept 23rd 60 Put @ 1.35 when $SVXY was at 72.95 I’ll take assignment or roll as price dictates. Now back out to raking thatch.
$SVXY
Sold Sept 16th 75 Call @ 2.50 when SVXY was at 72.79. This replaces the Aug 26th 67 call I bought back last Friday .
$SVXY
Set up a one week Buy Write on $SVXY since lower strike Puts are not enticing. Bought stock at 72.44 and sold the Sept 2nd 73 Call at 1.45. I expect to be assigned, but if not I’ll sell the next week’s Call next Monday. Yield is 2.7% if assigned. This is a five day trade. My stop is about 8% lower on the stock around 66. If SVXY pulls back to this level I’ll close it out. At that point Put selling on a monthly time frame at more favorable strikes will be available. I will rinse and repeat this until the market changes. Comments and critiques welcomed.
$NUGT
Sold this morning Sept 16th 18 Puts for 0.60 on a smarty pants idea. Well I closed them out at 1.05 to insure a peaceful weekend.
$SVXY
Yowser! I went to run errands after the morning’s non-event and came back to the pullback. I elected to buy back my Aug 26 67 calls for 2.40. Originally sold for 6.10 on a roll out and up from Aug 5th 65 Calls. I’m still not premium even on these yet but I will cover these up again next week if appropriate. The puppy is profitable with 2 new squeaky balls so all is good in the hood.
$SVXY
Since most of my long stock has been called away sold 1 Sept 60 Put @ 1.15. Sort of a signal flare to bring my mind back to this.
#Covered Call Scan
My daughter is trying to develope an understanding of trading and the option world. She has a small account and level 1 option trading, covered calls only. I Have put together a TOS scan that I use for ideas for her. I am looking for other scan criteria and a critique of this scan if anyone cares to chime in.
Currently I am using: And these vary a bit as results dictate.
Stock Last $10-$22
Stock Volume > 400,000
Option Percent of Underlying 2%-5%
Days to OpEx 20-50
Open Interest: >100
Volume: >100
Earnings Does not have in 36 bars.
This piscked up some of the OMM trades which gives me hope. She has some gold and oil so I passed these tickers by. A couple that look interesting are $CY, $TCK,
$FEVE
Rolled my Aug 19th 16 Put out to Sept 16 Put for a 0.31 credit.
$SVXY
Rolled Aug 19th 65 Call out and up to Sept 16th 70 Call for even less fees.
$SVXY #CoveredCalls.
Back from moving my daughter to Florida during that apparent tropical depression. I was beginning to think an Ark was needed instead of an apartment. Anyway, I was early assigned Aug 12th 57 Covered Calls one day early. Second time in as many months. Alas, didn’t get it rolled.
$SVXY $FEYE
Well its been an odd week with a few miss steps along the way. On Monday we are moving our daughter to Tallahassee to start Grad school at FSU. So things are shall we say distracting. I did roll out and up my $SVXY Aug 5th 65 Calls to Aug 26th 67 Calls for 0.65 credit. Thanks Option Iceman for the reminder. I didn’t get my Aug 19th 16 Put closed on $FEYE before earnings. My Bad. I will roll it as need be. So I have no expiries to report this Friday. Have a great weekend all.
#OptionExpiration
Expired
SVXY July 29th 45 Put
Assigned
SVXY July 29th 60 Call
SVXY July 29th 53 Call
$NUGT
Bought To Close Aug 5th 100 Put @ 0.65. Originally sold 7/21 @ 2.28.
Sold To Open Aug 19th 110 Put @ 4.50.
$IOC
Here’s a blast from the past. InterOil to be bought by Exxon Mobile for more than 2.5Bn. N.P. Traded options on this thing for those who remember.
Options Bistro 