At least on TC2000 charting, the opening TICK reading was the highest since Sept 2013.
Author Archives: Jeff
SPX calls closed
#SPXcampaign Bought to close $SPX Apr 14th 2110/2135 call spreads for .20. Sold for 1.25 on March 16th.
SPX puts sold
#SPXcampaign Sold to Open $SPX May 6th 1915/1890 put spreads for 1.30, with SPX at 2053. Second put spread for this expiry, completing the normal campaign allotment.
NUGT calls
#ContangoETFs STO NUGT Apr 29th 95 call for 2.00
STO NUGT June 17th 105 call for 5.05
SPX puts closed
#SPXcampaign Bought to close $SPX Apr 8th 2015/1980 put spreads for .20. Sold for 1.75 last Thursday. Under threat yesterday, these drained out of premium today and closed.
SPX calls sold
#SPXcampaign Sold to Open $SPX Apr 20th 2110/2135 call spreads for 1.30. These offset the put spread I sold for this Wednesday expiration.
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SPX call roll
#SPXcampaign Sold to open $SPX May 6th 2100/2125 call spreads for 5.00. This is a more aggressive position as a roll from previous stopped call spreads. Stop will be if SPX hits 2080.
SPX calls sold
#SPXcampaign Sold to Open $SPX May 6th 2130/2155 call spreads for 1.55, with SPX at 2048.
creamy NUGT filling
#ContangoETFs Got these fills during the day from orders entered this morning:
STO NUGT Apr 15th 75 call for 1.05
STO NUGT Apr 29th 95 call for 1.00
STO NUGT Apr 8th 67 call for 1.00
SPX put-roll sold
#SPXcampaign Sold to Open $SPX April 20th 1980/1955 put spreads for 1.90. These are extra juice to make up for stopped calls. These are Wednesday Weeklys so less liquid than usual.
NUGT call
#ContangoETFs STO NUGT May 6th 95 call for 1.50. Opened strong but is fading… have more orders in but no fills.
SPX calls stopped
#SPXcampaign Bought to close $SPX April 14th 2090/2115 call spreads for 4.00. Sold for 2.05 on 3/29. The freight train up has continued so having to stop out of this one since we have broken above the 20-point OTM mark (2070).
SPX puts sold
#SPXcampaign Filled at the low of the day (about 11:15 et), sold to open $SPX May 6th 1925/1900 put spreads for 1.25.
#VXXGame Another day, another all-time…
#VXXGame Another day, another all-time low in UVXY!
KOLD call closed
#ContangoETFs BTC KOLD April 15th 300 call for .30. Sold for 3.30 on March 23rd. Still short some May & August calls above 260, and puts below 85.
FB puts
#CoveredPuts #Earnings #shortstock
I have been neglecting my FB position and not selling puts on down days. Earnings date not set, but based on IV I’m guessing after April 22. Cost basis around 105/106, so selling a 110 before earnings and a 105 after earnings:
STO FB April 22nd 110 covered put for 1.50
STO FB April 29th 105 covered put for 1.35
FB calls
#Earnings #ShortStock BTC FB Apr 1st 112 calls for 3.95. Sold for 1.50 on 2/19. Short Stock position not looking pretty lately. Need to decide how to handle before earnings.
SPX puts closed
#SPXcampaign Bought to close $SPX Apr 22nd 1875/1850 put spreads for .20. Sold for 1.30 on 3/24.
#VXXGame… and another all-time low…
#VXXGame… and another all-time low on UVXY.
SPX calls sold
#SPXcampaign Sold to Open $SPX Apr 29th 2135/2160 call spreads for 1.35, with SPX at 2068.
SPX puts closed
#SPXcampaign Bought to close $SPX April 14th 1925/1900 put spreads for .20. Sold for 1.30 on March 18th.
UVXY roll of the day
#VXXGame… not that it’s the best roll of the day, just that I have to make a roll every day.
BTC UVXY Apr 8th 22 put for 2.57 (sold for .60 on March 10th)
STO UVXY May 6th 30.5 call for 1.34
STO UVXY May 6th 16 put for 1.24
SPX day trade closed
#SPXcampaign Bought to close $SPX Apr 1st 2040 put for .20. Sold this morning as part of 2040/2020 put spread for 2.20.
SPX day trade
#SPXcampaign Sold to Open $SPX Apr 1st 2040/2020 put spreads for 2.20. TICKs looking stronger, so taking a shot that we are not collapsing today. We’ve been down .7% and I doubt we’ll exceed that. Breakeven at close would be 2037.80.
SPX puts sold
#SPXcampaign Sold to Open $SPX Apr 29th 1910/1885 put spreads for 1.30, with SPX at 2044.
SPX calls closed
#SPXcampaign Bought to close $SPX Apr 8th 2090/2115 call spreads for 1.75. Sold for 1.25 on March 9th. Sticking to my rules this time and closing this since we came within 20 points of the short strike.
today in NUGT
#contangoetfs Played both sides today…
STO NUGT Apr 1st 67 call for 1.25, 2 minutes after open. Then…
BTC that same call for .20 at 2:05 ET
STO NUGT Apr 8th 50 put for 1.40
BTC NUGT Apr 8th 90 call for .20. Sold for 2.25
BTC NUGT Apr 1st 53 put for .20. Sold for 1.30
BTC NUGT Apr 8th 105 call for .05. Sold for 2.00
SPX puts sold
#SPXcampaign Sold to Open $SPX Apr 8th 2015/1990 put spreads for 1.75. Somewhat aggressive but continuing with bullish sentiment on this minor pullback.
SPX calls closed
#SPXcampaign Bought to close $SPX April 1st 2075 calls for 2.25. Sold as part of 2075/2100 call spreads for 1.25 on Tuesday. Can’t risk a blast higher on tomorrow’s jobs report. Will try to sell the long 2100’s for a dime or more if we get strength.
SPX puts sold
#SPXcampaign Sold to open $SPX April 14th (monthly) 2000/1975 put spreads for 1.55. Adding more to this spread, originally sold some for 5.00 last week.
UVXY rolling
#VXXGame I’ve been letting a few too many UVXY puts get a little too far ITM.
BTC UVXY Apr 15th 24 put for 5.60
STO UVXY May 20th 17 put for 2.35
STO UVXY May 20th 32 calls for 1.45
That put I closed was already a roll-out from previously closed puts. Sold for 1.25 on 3/1. I keep rolling into strangles, then have to roll the puts again as the calls go to a nickel. Gotta keep #rolling …
SPX calls stopped
#SPXcampaign Bought to close $SPX April 1st 2070/2095 call spreads for 4.75. Sold for 1.35 on March 1st. Failed to follow my own rules and close this for cheap when I could have. But at least I avoided the panic today when it got above 7.50. Adding to a long list of rolls I’m chipping away at.
SPX puts closed
#SPXcampaign In pre-market, bought to close $SPX April 8th 1950/1925 put spreads for .20. Sold for 1.30 on 3/23.
Rally resuming
After a couple weeks of consolidation the rally higher may be resuming. Expect a new 2016 low in the VIX this morning, and new all-time low in UVXY. With a VIX Upside Warning, it’s possible for strength to continue until we regain the pre-correction high, which in this case was the November 3rd high of 2116. If we make it that far without a serious pullback, upward strength should at least slow.
Non-farm payrolls on Friday could be another catalyst.
SPX more calls, living on the edge
#SPXcampaign Sold to Open $SPX April 1st 2075/2100 call spreads for 1.25. Still holding a 2070/2095 spread as well but gambling that we won’t be going much higher this week. I could be wrong with an upside warning in effect… crazy markets with S&P, gold, and bonds all UP.
#VXXGame-New all-time low in UVXY…
#VXXGame-New all-time low in UVXY notched today, exceeding the low of 21.25 from last Tuesday.
SPX puts closed
#SPXcampaign Bought to close $SPX April 1st 1985/1960 put spreads for .20. Sold for 1.45 last Wednesday.
SPX on Yellen Spike
#SPXcampaign STO $SPX Apr 14th 2090/2115 call spreads for 2.05 (a bit early)
STO $SPX May 27th 2125/2150 call spreads for 4.50, as a roll from previously stopped call spreads.
NUGT on Yellen spike
#ContangoETFs STO NUGT Apr 1st 65 call for 1.35
STO NUGT Apr 8th 72 call for 1.20
STO NUGT Apr 15th 75 call for 1.85
SPX puts sold
#SPXcampaign Sold to Open April 29th 1880/1855 put spreads for 1.35, with SPX at 2030.
SPX calls closed
#SPXcampaign In pre-market, bought to close $SPX April 8th 2110/2140 call spreads for .20. Sold for 1.25 on March 17th.
SPX calls sold
#SPXcampaign When $SPX popped up to 2041, sold to open $SPX April 29th 2125/2150 call spreads for 1.35
NUGT put
#ContangoETFs STO NUGT April 8th 45 put for 2.25. Getting some pressure on some puts, may have to #ReverseRoll if there’s no rebound this week.
SPX puts closed
#SPXcampaign In Pre-market, Bought to Close $SPX April 8th 1880/1855 put spreads for .20. Sold for 1.25 on March 16th.
Options Expiration 3/24/16
Not much this week. Before the bell, BTC $FB 111 call for 2.00 to avoid assignment. Sold for 1.00, so a loss. My short stock position not looking great, but if we get more pullback I can get out.
— Expiring —
NUGT 37 & 40 puts
Have a great three day weekend, all!
SPX calls sold
#SPXcampaign Sold to Open $SPX April 22nd 2100/2125 call spreads for 2.50, with SPX at 2035.
UVXY & NUGT
#VXXGame BTC April 29th 20 put for 1.84 yesterday. Sold for 1.82 on 3/17.
Today: STO UVXY May 6th 32.5 call for 2.85 (highest strike)
STO UVXY May 20th 50 call for 1.98
#ContangoETFs BTC NUGT April 15th 105 calls for .25. Sold for 1.425 on 3/16
SPX puts sold
#SPXcampaign Sold to Open $SPX April 22nd 1875/1850 put spreads for 1.30, with SPX at 2023.
KOLD call
#ContangoETFs Sold to Open $KOLD April 15th 300 call for 3.30
SPX reverse roll attempt
#SPXcampaign I’m not buying this as a breakdown in the market. Volume is low, VIX barely spiking. Still, this trade may not work; won’t let it live if we get much below 2020. This is a #ReverseRoll from stopped call spreads.
Sold to Open $SPX April 14th 2000/1975 put spreads for 5.00, with SPX at 2036.
SPX open and shut
#SPXcampaign STO $SPX April 8th 1950/1925 put spreads for 1.30, with SPX at 2039.
BTC SPX April 8th 2050/2075 call spreads for 9.50, with SPX at 2040. Sold for 8.10 on March 11th when SPX was at 2016. Hopefully the last call spread I need to close. Next highest is 2070 short expiring 4/1.
NUGT down trades
#ContangoETFs BTC NUGT March 24th 75 call for .05. Sold for 1.25 yesterday.
STO April 1st 50 put for 1.90
STO April 8th 45 put for 1.80
SPX puts sold
#SPXcampaign Sold to Open $SPX April 1st 1985/1960 put spreads for 1.45.
UVXY roll
NUGT puts
#ContangoETFs
STO Apr 1st 53 put for 1.30
STO Apr 15th 45 put for 1.45
SPX puts closed
#SPXcampaign Bought to close $SPX April 1st 1925/1900 put spreads for .20. Double-sized position sold for 1.60 last Wednesday.
SPX puts sold
#SPXcampaign Sold to Open $SPX April 22nd 1910/1885 put spreads for 1.40.
NUGT calls
#ContangoETFS STO NUGT March 24th 75 call for 1.25
STO NUGT April 8th 90 call for 2.25
#VXXGame Third day straight of…
#VXXGame Third day straight of new all-time UVXY low.
Inertia Creeps; we’re Moving Up Slowly
From one of my favorite albums; it has nothing to do with the stock market, but it’s what I think of when I hear someone say “moving up slowly.”
KOLD & UVXY
#ContangoETFs BTC KOLD May 85 puts for .40. Sold for 2.10 on 1/29.
#VXXGame STO UVXY June 80 calls for 1.30 (#Rolling from 28 puts closed Friday)
Options Expiration 3/18/16
— Expiring w/max profit —
BOIL 24 call
DATA 45 covered call
KOLD 180 puts
KOLD 300 call
NUGT 35, 40, 45, 47, and 48 puts
PNRA 190 put
TLT 132 calls
— #Assignment —
DUST 5 puts (just a couple so $1K in cash; won’t hold long if there’s no pullback in Gold soon)
Have a great weekend!
SPX further call spread
#SPXcampaign Took a cue from @fuzzballl and sold farther out in time to get beyond all-time highs.
Sold to Open $SPX June 16th 2175/2200 call spreads for 2.75
NOW call
#Earnings #CoveredCalls BTC $NOW March 18th 60 call for .10 to avoid assignment. I’ll hold on to stock longer.
NUGT & UVXY rolls
#ContangoETFs #VXXGame #Rolling
BTC NUGT March 18th 63 call for 5.65. Sold for 112.5 on Tuesday.
STO NUGT April 15th 80 call for 6.10
STO $UVXY June 15 puts for 1.25. This is just part of rolling I’m doing for March 18th 28 puts I closed earlier.
SPX puts sold
#SPXcampaign Sold to Open April 14th 1925/1900 put spreads for 1.30. With volatility having dropped, I’m resuming more traditional put sales. These are sold on an up day only because we’re seeing no down days lately. Maybe this sales will signal a top!
NUGT & UVXY closes
#ContangoETFs BTC $NUGT March 18th 70 call for .20. Sold for 1.00. Avoiding any late day surge. Still have a 63 call to deal with, I will roll that.
#VXXGame BTC $UVXY March 18th 28 put for 4.60. Sold for 1.19 on Feb 8th. Scaling out of these today; may get out of others of less as it is rising; will replace with rolls today or next week.
TLT put closed
BTC March 18th $TLT 129 put for .10 to avoid possible assignment. Sold for .60 last week.
PNRA closed
#Earnings BTC $PNRA March 18th 210 calls for 1.00 to avoid possible assignment. With a 190 put also expiring, today completes the make-up trades for PNRA earnings play. Ended up with only a small profit.
Another All-time low notched in…
Another All-time low notched in UVXY at the open. #VXXGame
Futures up again, $SPY down…
Futures up again, $SPY down because today is ex-dividend.
Quite a day for Bistro’s favorite symbols…
2016 high for SPX
2016 low for VIX & VXX
All-time low for UVXY
2016 high for NUGT
Not quite the 2016 high for SVXY, the laggard as usual.
And a further drop for KOLD, biggest daily point drop of 2016.
SPX calls closed
#SPXcampaign Bought to close $SPX March 17th 2060 calls for .45. Sold in the 2060/2085 spread for 1.19 on March 7th. Can’t risk leaving this open with morning settlement gap risk.
SPX puts closed, calls sold
#SPXcampaign
Bought to close $SPX March 24th 1950/1925 put spreads for .20. Sold on Monday for 2.05.
Sold to Open $SPX April 8th 2110/2140 call spreads for 1.25. (going 30 its wide since no 2135 strike available)
Options Bistro 