#SPXcampaign Sold to Open $SPX Apr 29th 2025/2000 put spreads for 1.30.
Author Archives: Jeff
TLT adding
#LongCalls Adding to the two positions I started yesterday
BTO $TLT May 20th 130 call for 2.10
BTO $TLT June 17th 132 call for 1.90
FB puts
#Earnings #ShortStock #coveredputs
STO $FB April 29th 100 put for 1.20. Slowly building a larger put position as an eventual earnings play. If I have to stay short the stock into earnings, I want to sell a lot of puts to offset possible positive reaction in the stock.
NFLX earnings
#Earnings BTC $NFLX Apr 22nd 125 calls for .04. Sold for .95 yesterday. Order in to close the 90 puts for .10. May take a few hours or a couple days.
Another day, another All-Time low…
Another day, another All-Time low in UVXY.
Silver at hew highs, ZSL…
Silver at hew highs, ZSL at new lows, lowest since August 2014. No position as the juice got drained out when they split it last November. I won’t be selling puts either. I think ProShares is now regretting making the split. #ContangoETFs
Earnings trades
#Earnings $NFLX down but bounced off lows and is still nicely centered between 90/125 strangle.
$JNJ up; will watch the rest of the week for a drift back toward 100. May close short puts early if they get cheap enough.
SPX puts closed
#SPXcampaign In pre-market, Bought to close May 6th 1915/1890 put spreads for .20. Sold for 1.30 on April 7th. And bought to close May 6th 1925/1900 put spreads for .20. Sold for 1.25 on April 4th.
NFLX calls
#Earnings To offset puts sold earlier, STO $NFLX Apr 22nd 125 calls for .95
SPX calls sold
#SPXcampaign Sold to Open $SPX May 19th 2160/2185 call spreads for 1.75.
TLT long
#LongCalls Starting a position in this as bullish consolidation continues.
BTO $TLT May 20th 130 call for 2.43
BTO $TLT June 17th 132 call for 2.20
NFLX earnings naked puts
#Earnings Following rknight’s idea…
STO $NFLX Apr 22nd 90 puts for .60
STO $NFLX Apr 29th 90 puts for 1.00
With stock at 106.40 this strike is 15.4% OTM. I will take stock at 90. If we get any significant bounce before close I will consider selling some calls over 120.
NFLX earnings
#Earnings Here are the moves in the 5 days after the last 12 earnings reports for $NFLX:
Tue 01/19/2016 AC -6.64%
Wed 10/14/2015 AC -7.74%
Wed 07/15/2015 AC 12.65%
Wed 04/15/2015 AC 19.33%
Tue 01/20/2015 AC 25.41%
Wed 10/15/2014 AC -19.92%
Mon 07/21/2014 AC -6.65%
Mon 04/21/2014 AC -7.57%
Wed 01/22/2014 AC 14.23%
Mon 10/21/2013 AC -7.59%
Mon 07/22/2013 AC -5.97%
Mon 04/22/2013 AC 23.61%
The AVERAGE move is 13.7%. With the stock at 108.00, just staying inside the average move would equate to a 93/123 strangle, which goes for about 2.00. As I like to stay much further away than the average, I don’t think I will be selling options or condors. May look at butterfly options, but since the moves can be big and erratic, those will be pretty speculative. Any other ideas?
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UVXY slammed through its all…
#VXXGame
UVXY slammed through its all time-low of 17.41, dropping all the way below 17 on this surge in the market.
BTC $UVXY May 20th 38 call for .42. Sold for 2.14 on 3/23.
SPX puts closed, calls sold
#SPXcampaign – missed my fill on new put spreads on the drop. Now I’m playing the other side.
Bought to close $SPX Apr 22nd 2000/1975 put spreads for .20. Sold for 1.60 last Tuesday.
Sold to Open $SPX May 6th 2140/2165 call spreads for 1.25.
JNJ earnings
#Earnings Sold to Open $JNJ Apr 22nd 108/110/112 iron butterfly for 1.47. Max gain, 1.45(ish), max loss, .53. This is based on the fact that JNJ moves very little on earnings, and 110 is with the current uptrend and a nice round number. Open interest not really a factor; it’s slightly bigger at 110 call but not on the puts. Goal is for JNJ to finish the week as close to 110 as possible. On any large swings I may take off parts of it during the week to increase chance of profit, but also increase risk slightly.
SPX calls closed
#SPXcampaign In Pre-market, bought to close April 20th (Wednesday) 2110/2135 call spreads for .20. Sold on Apr 6th for 1.30.
Options Expiration 4/15/16
#optionsexpiration
Expiring:
SPX 2000/1975 put spreads
NOW 65 covered call
NUGT 45 put
Assignments:
NOW 55 covered call, stock called away
DAL 47 (long) call, assigned stock
Have a great weekend, all!
DAL earnings
#Earnings Well, a bummer of an ending for this one… sold half of my position with decent profits, but the last half will be about breakeven since we collapsed today rather than the hoped for pin at 49.00. About a 70% gain on the overall trade.
Sold to close remaining 47 calls for .55. Bought as apart of the butterfly for .70.
NUGT rolls
#ContangoETFs #StrangleRoll
BTC NUGT Apr 15th 75 calls for 2.975 and 75 call for 6.00
STO NUGT May 13th 55 puts for 2.50, 45 put for .95, and 120 calls for 2.05 (enough quantity to gain a small credit for the rolls)
NUGT closed
#ContangoETFs Bought to close NUGT Apr 15th 72 put for .25 to avoid possible assignment. Sold for 1.25 earlier this week. Now, about those 72 (and 75) calls…
SPX call stop-out
#SPXcampaign On the spike down this morning, Bought to close $SPX Apr 22 2100/2125 call spreads for 3.00. Sold for 2.50 on March 24th. Only a small loss, but since my 2080 stop level has been hit, need to clear the way for the freight train going north. A slow train can kill you as much as a fast one if you’re just lying on the tracks… might even be worse; a slow painful crushing rather than a quick death.
SPX puts sold
#SPXcampaign Sold to Open $SPX May 6th 2025/2000 put spreads for 3.10. A #ReverseRoll to partially replaced call spread stopped this morning.
Sold to Open $SPX May 13th 1960/1935 put spreads for 1.35, with SPX at 2080.
DAL earnings
#Earnings At the open, sold to close $DAL April 15th 47/49/50 broken-wing butterfly for 1.40 and 1.50. Two more spreads closed… waiting until after noon to close the remainder. I should be able to close these for 1.90 if we end the day near 49.00. Bought for .70 on Wednesday.
SPX trades
#SPXcampaign Yesterday, Sold to Open June 16th 1900/1875 put spreads for 2.00. I realized I sold a call spread weeks ago (2175/2200) in this expiry so a put spread would be margin free.
In today’s pre-market, Bought to close $SPX May 6th 2100/2125 call spread for 8.00. Sold for 5.00 on April 3rd (as a roll). Will look at add more rolls soon.
NUGT puts
#ContangoETFs Nice pullback… although now some puts going ITM!!!
STO May 6th 50 put for 1.50
STO April 29th 50 put for 1.00
SPX puts closed
#SPXcampaign In pre-market, bought to close $SPX Apr 29th 1910/1885 put spreads for .20. Sold for 1.40 on March 22.
DAL earnings report
#Earnings Delta Airlines’ earnings are in, and the stock is up as expected. I will be looking for this to settle in at 49.00 at Friday’s close. I will be putting some close orders in after the open today to take profits if they become available before Friday. I’ll list those orders as a comment below this post.
The earlier news on $FB…
The earlier news on $FB was an error…. great buying opportunity!
SPX calls sold
#SPXcampaign Sold to open $SPX May 13th 2125/2150 for 1.25, with SPX at 2078. Is there no limit to this rally? New 2016 highs reached today.
UVXY clearing house
#VXXGame Taking a cue from @Ramie today; clearing out most long-term and a few short-term…
BTC Apr 29th 33.5 calls for .30. Sold for 1.90 on 3/17/16
BTC May 6th 32.5 call for .52. Sold for 2.85 on 3/24/16
BTC May 20th 50 call for .35. Sold for 1.98 on 3/24/16
BTC Jan 2017 80 call for 3.40. Sold for 15.45 last August
BTC Jan 2017 170 call for 1.75. Sold for 7.45 on 1/7/16
BTC Jan 2018 85 call for 4.90. Sold for 24.00 on 1/13/16
SPX puts closed
#SPXcampaign Bought to close $SPX Apr 20th (Wednesday) 1980/1955 put spreads for .20. Sold for 1.90 on April 5th.
Is there news on FB?…
Is there news on FB? Dumping.
DAL earnings
#Earnings Considering an earnings trade on DAL. It has moved up on the last 13 report, an average of 4% (one day after report). A bullish ATM credit spread could work, for perhaps a butterfly centered at 49, where there is huge open interest. A 4% move from here would put as at 49.50.
SPX puts closed
#SPXcampaign In pre-market, Bought to Close $SPX Apr 29th 1880/1855 put spreads for .20. Sold for 1.35 on Mar 29th.
SPX puts sold
#SPXcampaign Sold to Open $SPX Apr 22nd 2000/1975 put spreads for 1.60. This is an extra spread since my first two spreads for this expiry were previously closed with profits.
NUGT reverse roll
#ContangoETFs #ReverseRoll Taking a cue from @fuzzballl here…
BTC NUGT May 6th 105 call for 6.00
STO NUGT May 20th 55 puts (x2) for 3.00
too deep in the NUGT
After dumping ZSL completely and scaling back on KOLD, NUGT became my favorite son, but I got a bit too deep in the calls. Plus my broker turned up to 11 the margin pressure on these overnight, so I had to dump four under water calls at losses. #ContangoETFs
Example, BTC Apr 29th 105 call for 3.60 released $7K in margin.
Also BTC Apr 8th 85 call for 5.00
BTC Apr 15th 80 call for 7.50
BTC Apr 29th 100 call for 4.40
Total losses only $1K as these were sold for decent premium. Easy to start building back with puts, which also reduce the margin.
STO May 6th 55 put for 2.00
STO Apr 22nd 70 put for 3.30
SPX puts closed
#SPXcampaign – missed this fill from the first hour of trading: Bought to close $SPX Apr 22nd 1910/1885 put spreads for .20. Sold for 1.40 on Mar 22nd.
SPX puts sold
#SPXcampaign Sold to Open $SPX May 13th 1890/1865 put spreads for 1.40. Sold calls at the open and puts at the close.
NUGT calls
#ContangoETFs I was too early on these, as is too often the case. Need to pace myself!
STO NUGT Apr 15th 85 call for 2.05
STO NUGT Apr 29th 100 call for 2.90
STO NUGT May 6th 105 call for 3.20
STO NUGT May 13th 105 call for 3.50
SPX puts closed, calls sold
#SPXcampaign Bought to close $SPX Apr 14th 2000/1975 puts for .75. Sold for 5.00 on March 23 (as a roll) Closed the roll portion, but still have some of these that were sold for 1.55. Will probably allow to expire or close for .20.
Sold to Open May 13th 2135/2160 call spreads for 1.30.
NUGT higher strikes….
Added to May 6th and 13th… up to 105
Options Expiration 4/8/16
#OptionsExpiration Only NUGT this week. Earnings season starting up next week…
— Expiring —
NUGT 72 calls
NUGT 45 and 50 puts
NUGT roll
#ContangoETFs #Rolling
BTC NUGT Apr 8th 67 call for 3.90 (sold Monday for 1.00)
STO NUGT Apr 29th 85 call for 4.20
NUGT & FB
#ContangoETFs STO NUGT May 13th 95 call for 4.25 (adding)
#Earnings #ShortStock BTC FB Apr 15th 115 call for .34. Sold for 1.80 on 3/1. FB getting shellacked today; finally some relief for short stock.
At least on TC2000 charting,…
At least on TC2000 charting, the opening TICK reading was the highest since Sept 2013.
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
