SPX puts sold

#SPXcampaign Looks like early March all over again… a multi-day rally cut short by the volatility of 2018.

Sold $SPX May 17th 2535/2510 put spreads for 1.60.

Looking to already close the short-term put spread I sold at yesterday’s close. I thought the bounce yesterday looked decent and would lead to a stronger morning. Not the case. AAPL is not helping the overall market.

SPX roll

#SPXcampaign #Rolling Sold $SPX Apr 25th 2680/2655 put spreads for 5.65 after the bell, as a roll from the spread stopped earlier.

BABA roll

#CoveredCallCampaign #ShortPuts

Closed $BABA Apr 20th 190 put for 7.95, to avoid early assignment tonight. Sold for 3.85 on March 15th.
#Rolling Sold BABA May 4th 187.5 put for 9.55. Moved down a strike and after earnings.

FDX trades

#Earnings #Rolling
Closed $FDX Apr 20th 255 call for .74. Sold for 1.15 on March 23rd.
Sold FDX May 25th 237.5 puts for 2.33.

After closing ITM puts under margin pressure, I have now rolled them all back into profit range. I still think this is a decent bullish candidate on pullbacks. The call was over 3.00 yesterday so slipping out today in case it rallies back tomorrow.

CP earnings closed

#Earnings BTC $CP Apr 20th 175 puts for .45. Sold yesterday for 1.10.

SPX puts stopped

#SPXcampaign I love these short-term reverse rolls when a rally starts, but of course they only work with a sustained rally… since January, sustained rallies haven’t been happening. Thus, got whipsawed on this one, albeit without much damage. Stopped out when we started dropping for the third time, and of course, that led to the strongest bounce. Will likely roll into a condor later, depending on how the day shakes out.

Closed $SPX April 20th 2690/2665 put spreads for 5.35. Sold for 4.35 as a #ReverseRoll on Tuesday.

CP earnings

#Earnings The only thing I’m doing today is selling $CP Apr 20th 175 puts for 1.15. Fairly close to the money, but CP has only moved down more than 3% one time on earnings in the last 8 years.

Not filled yet, but stock is pulling back now. I’ll drop to 1.10 if necessary.

Biggest UP move: 5.9%, Biggest DOWN move: -5.2%, Average move: 2.9%. This trade is -2.8% OTM.

SPX calls stopped

#SPXcampaign Closed $SPX May 4th 2760/2785 call spreads for 4.25. Sold for 1.70 on Apr 3rd.

#reverseroll

SPX trades

#SPXcampaign
In pre-market, closed on GTC order: $SPX May 4th 2400/2375 put spread for .20. Sold for 1.60 on Apr 6th.
After open, sold SPX May 17th 2540/2515 put spreads for 1.60

Keeping up with the DROP

#VXXGame VXX products plummeting. Only a few positions in trouble, more than outweighed by my short calls that are deteriorating.

BTC $UVXY Apr 27 19 put for 3.95. Sold for 1.56 on Apr 3rd.
BTC $VXX Apr 27 44.5 put for 3.60. Sold for 1.25 on Apr 3rd.

BTC UVXY Jan 2019 70 call for 1.20. Sold for 6.50 (avg price) in February. Still have several remaining.

Sold UVXY Sept 25 call for 2.27
Sold VXX Sept 50 call for 5.65

Bought VXX June 15th 30 puts for .18, adding to my position.

NFLX closed

#Earnings Closed $NFLX Apr 20th 275 puts for .10. Sold yesterday for 3.433 (avg price).

Effective Upside warning possible

#VIXIndicator As I discussed last month, we are in a “double-header” downside warning which is rare. Rarer still is when the second warning does not print a higher VIX high or a lower SPX low. This makes it less clear when we get an Upside Warning. If we measure from the first warning’s spike, we will get the Upside with a close below 17.76 today (which is likely). If we go with the second warning, we have to wait for three closes below 12.61.

I suspect by the time we drop to 12.61, a sustained rally will already be underway. Because of last month’s head-fake, with three closes below 17.76 leading us right into more volatility, I remain cautiously optimistic for new market highs.

Covered calls

#CoveredCallCampaign #CoveredCalls.
On Friday, closed $SQ Apr 27th 50 call for 1.77. Strike was breached, so I closed, and then stock dropped a lot more. Today, I sold Apr 27th 46 put for 1.20. Getting this roll in before earnings on May 2nd.

Today, closed $FB Apr 27th 175 call for 1.55. Sold for 1.60 on 3/29… I believe I sold this when earnings were expected to be around May 1. Now they are confirmed for Apr 25th, and I don’t want to be in its way.

VXX dump

#VXXGame Hard to keep ahead of short puts once the drop commences…

BTC $UVXY Apr 27 19 put for 3.45. Sold for 1.56 on Apr 3rd.
BTC $VXX Apr 27 44 put for 2.48. Sold for 1.15 on Apr 3rd.

Closed partial positions. Will close the remainder later, probably roll into short calls, which is the side that always works.

Also, earlier, closed UVXY March 18th 25 call for .54. Sold for 3.175 in March.

SPX calls sold

#SPXcampaign Sold $SPX May 17th 2810/2835 call spreads for 1.50.

NFLX puts sold

#Earnings. Sold to open $NFLX April 20th 275 puts for 3.65. May add more, and possibly calls if I can find some premium high up.

NFLX kicks it off

#Earnings season begins! Here are the 5-day moves on NFLX. Strong bullish bias. Pulling back now gives good entry opportunity.

Mon 01/22/2018 AC 20.66%
Mon 10/16/2017 AC -4.20%
Mon 07/17/2017 AC 16.59%
Mon 04/17/2017 AC -2.97%
Wed 01/18/2017 AC 3.09%
Mon 10/17/2016 AC 27.75%
Mon 07/18/2016 AC -13.07%
Mon 04/18/2016 AC -11.53%
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%

SPX calls closed

Good morning!

#SPXcampaign. Closed on GTC order: $SPX Apr 27th 2800/2825 call spreads for .20. Sold for 1.50 on March 28th.

Volatility drop continues. I’m cautiously shifting to a bullish stance, but still need to break through SPX resistance.

Econ Calendar for week of 4/16/18

Be sure to periodically click “Home/REFRESH” to keep Bistro features updated.
Screen Shot 2018-04-16 at 7.13.27 AM

No SPX for you

Flying at 30,000 feet and I can’t load SPX options into the IB platform. Need to sell a call spread, dammit. Guess I could do 60 SPY spreads instead.

SPX condor sold

#SPXcampaign What do you do when you’re bored? A 3-week, 20-delta condor will work. Last one of these I did worked great, so we’ll try again. VIX finally got down to my 17.76 level, but SPX does not yet look like it wants to rally.

Sold $SPX May 4th 2550/2575/2750/2775 #CondorRoll for 7.15.

Also, just filled,
Sold May 11th 2500/2475 put spreads for 1.85.

SPX calls closed

#SPXcampaign Closed $SPX Apr 20th 2700/2725 call spreads for 7.05. Sold on Tuesday for 7.50.

For the first time in awhile the VIX is showing actual weakness in the last hour. Need to see what tomorrow brings.

UVXY trades

#VXXGame Took some $UVXY profits and also added some more hedges.

BTC Apr 20th 25 call for .20. Sold for 1.47 on Apr 2nd.
BTC May 18th 25 call for 1.04. Sold for 3.175 (avg price) in March. Leaving one open.
BTC June 15th 40 call for .66. Sold for 2.75 on Feb 2nd.

BTO May 18th 44 calls for .20. Highest strike. My April 59 long calls rolling off next Friday so shifting to May and June.

Testing… testing…

Screen Shot 2018-04-12 at 6.57.54 AM

Turn around?

I’m being cautious with short positions… yesterday was pretty weak in SPX but VIX didn’t budge much and in fact had a lower high, low, and close. And today we are opening strong with VIX further down. Earnings season is starting, and the general bullishness about 1st quarter results may be what breaks us free of this volatility.

VXX gamin’

#VXXGame
BTC $UVXY April 20th 26 calls for .25. Sold for 1.45 on April 2nd.
BTO $UVXY May 18th 40 call for .30. Adding to my position, which is cheap long calls to hedge the sale of higher-premium, lower-strike calls.

Trades this week

#ContangoETFs #CoveredCalls #CoveredCallCampaign #VXXGame #Earnings

Here are a few trades other than SPX:
Today: BTC $DUST Jun 15th 40 call for .25. Sold for 3.05 on Dec 4th.

Yesterday: BTC $FB Apr 20th 160 put for 3.00. Sold for 1.37 on March 19th. Backed out to early, not anticipating the rally the Zuck’s testimony would create.

Friday: BTC $FDX Apr 20th 235 puts for 6.77. Sold for 6.75 on 3/23 as when #Rolling from an earnings trade. I had margin pressure on Friday. Scaling back in since then:
Sold May 4th 235 put for 6.05;
Sold May 4th 237.5 put for 5.55.
This one seems like a buy… it’s just waiting for market to relax.

Friday: Closed $BABA Apr 27th 200 call for .18. Sold for 1.90 on 3/29.
Today: Sold BABA May 11th 195 call for 1.40

Tuesday: Sold $SQ Apr 27th 50 covered call for 1.01

Friday: Sold $UVXY Jan 2020 59 call for 4.80.

SPX calls sold

#SPXcampaign Sold $SPX May 11th 2825/2850 call spreads for 1.75.

SPX long spreads rotated

#SPXcampaign Sold to close half of $SPX May 18th 2770/2790 call spreads for 4.25. Bought on Friday for 1.75. Holding the other half for possible end to this correction.

Bought to Open SPX Apr 27th 2450/2425 put spreads for 1.10.

SPX calls sold

#SPXcampaign Sold $SPX Apr 20th 2700/2725 call spreads for 7.50.

SPX creeping up again… VIX going nowhere.

SPX puts closed

#SPXcampaign Closed $SPX Apr 20th 2625/2600 put spreads for 6.50. Sold for 10.25 on Friday.

SPX puts closed

#SPXcampaign Closed $SPX April 13th 2500/2475 put spreads for .45. Sold last Monday for 3.10.

After being whipsawed about six too many times, I’ve made two significant adjustments to survive this volatile period. I plan to stick with this until VIX is below 17.76.

Last week as we cruised higher, I got stopped on 3 call spreads and did nothing. If I’d sat on them, they would have all been winners. If I’d rolled them higher, they also would have been winners. So…

1. If I get stopped out, I need to roll FORWARD, and not reverse roll and don’t sit on my hands.

2. But before stopping out, consider just sitting on the troubled spreads. This is what I did Friday, as I sold a few put spreads early in the day, only to see them get under heavy pressure into the close. I felt certain, since we bounced off 2585 again, and because market keeps whipsawing, that we’d be up today. Wasn’t the most relaxing weekend, but I got the bounce.

So while I’ve closed one put spread today, I’m not selling calls. I’ll look for higher levels tomorrow and then start selling some calls, then wait for the next deep dive before selling puts.

SPX puts sold

#SPXcampaign Sold $SPX May 11th 2400/2375 put spreads for 1.75. I’m expecting an up day… hopefully a decent rally but it may be muted. If VIX or put/call ratio start acting up, my theory may change.

Econ Calendar for week of 4/9/18

Be sure to periodically click Home/REFRESH to keep Bistro features updated.

Blue asterisk refers to “market moving indicator.”
Screen Shot 2018-04-09 at 5.29.53 AM

SPX calls closed

#SPXcampaign Closed $SPX Apr 20th 2750/2775 call spreads for .45. Sold in a #CondorRoll for 7.05 yesterday (call side sold for 3.23). The put side is taking heat.

SPX trades

#SPXcampaign
Sold $SPX Apr 27th 2750/2775 call spreads for 2.35
Sold May 4th 2400/2375 put spreads for 1.60
Sold Apr 20th 2600/2625 put spreads for 10.25. This last one is betting on a bounce for Monday. But if that doesn’t happen I have two weeks to expiration so the flexibility to roll it ITM.

March Jobs Report

#Jobs Reverse of last month: Added jobs LOWER than expected, but wage growth was stronger. Reversion to the mean?

+103,000 non-farm payroll jobs, vs 178K expected
Unemployment holds steady at 4.1%
U6 unemployment at 8.0%, down by .2
Wages up 0.3%, reflecting 2.7% annualized
Labor force participation 62.9%, down 0.1

Jan revised down from 239k to 176k
Feb revised up from 313k to 326k

Sold long SPX calls

#SPXcampaign I didn’t get filled at the highs so I’m selling half this order since we could be going lower. More likely to happen is a bounce, as my timing on these intraday swings has been horrendous for the last few weeks.

Sold to close $SPX May 18th 2770/2790 call spreads for 3.75. Bought for 1.50 on Monday. Keeping the other half into expiration, but now the cost of the full position has been covered.. Thanks @mortlightman for the trade idea.

Also, sold to open May 4th 2810/2835 call spreads for 1.45.

NUGT call closed

#ContangoETFs $NUGT and $DUST have been kind of dull in recent weeks, so I’m just watching theta do its work on short calls in both.

Closed on GTC order: NUGT June 15th 47 call for .20. Sold for 2.46 on Dec 26th.

SPX trades

#SPXcampaign Still getting pressed on some call spreads so rolling. I’m not selling put spreads at these levels… I expect another dip, perhaps not as low as Monday; but I’m waiting for a pullback or VIX below 18.00 before I’ll start getting bullish. Jobs report is tomorrow and no matter what the results, it may be an excuse to sell. I also will be selling half of my double-sized LONG call spread today at or near a triple.

Stopped: $SPX Apr 13th 2670/2695 call spreads for 11.50. Sold for 3.75 on Tuesday. No roll yet.

#CondorRoll: from calls stopped yesterday. (these are the only puts I’m adding)
Sold Apr 20th 2540/2565/2750/2775 condors of 7.05.

Closed Apr 13th 2720/2745 call spreads for 4.80. Sold for 3.65 on 3/28. No roll yet.

Again, JOBS report tomorrow could be a trigger for panic selling, or panic buying.

SPX calls stopped

#SPXcampaign I do not see clear skies ahead, but I still gotta keep call spreads from becoming ITM. I legged out of this one, something I rarely do. But when this market moves up or down so clearly into the last hour, there’s little chance of a reversal.

Closed $SPX Apr 6th 2650/2675 call spreads for 6.60. Sold for 3.65 on Monday.

Will look to roll on the next extreme, whether it be a high or low extreme.

#spycraft

VXX this morning

#VXXGame
Closed my last $UVXY May 18th 20 call for 3.80. Sold for 2.50 on March 19th.

Partially #Rolling Sold $UVXY Apr 27th 19 puts for 1.56

Sold $VXX Apr 27th 44.5 put for 1.25 and 44 puts for 1.15.

Could more pain help?

I thought this was an interesting view on the current #Market

SPX trades

#SPXcampaign Spent the morning doing mostly the reverse of yesterday… putting on call spreads and taking off put spreads.

Closed $SPX Apr 6th 2475/2450 put spreads for 1.30. Sold yesterday for 2.20.
Sold Apr 6th 2650/2675 call spreads for 3.65
Bought to Open Apr 13th 2450/2425 LONG put spreads for 2.30.
Sold May 4th 2760/2785 call spreads for 1.70.
Stopped Apr 27th 2460/2435 put spreads for 3.80. Sold Thursday for 1.75.
#ReverseRoll Sold Apr 13th 2670/2695 call spreads for 3.75.

VXX part 2

#VXXGame

Sold $UVXY Apr 20th 26 calls for 1.45
Closed UVXY May 18th 20 call for 4.00. Sold for 2.50 on March 19th. This is my only position ITM. Closed one today and will close the other, and roll them to Sept higher strike.

Bought $VXX May 18th 30 puts for .05. I already had a couple of these; looking like a loss but why not add a handful more to make it a lottery ticket?

SPX calls closed

#SPXcampaign Closed $SPX April 13th 2745/2770 call spreads for .50. Sold in a #CondorRoll for 6.30 on 3/26… the call side was sold for 2.95.

On the bright side…

https://platform.twitter.com/widgets.js

Another Downside Warning possible?

#VIXIndicator We exceeded 25% above Thursday’s close which is an additional signal. Secondary signals/warnings like this can sometimes signal a bottom, but it’s impossible to be sure. For those keeping track on this double-header correction:

1/16: First signal of trouble ahead/cancel Upside Warning
1/26: SPX high
1/29: Downside WARNING
1/30: 2nd warning
2/2: 3rd warning
2/5: six warnings in one day (a record)
2/9: SPX low
2/23: downside warning canceled
2/28: New downside WARNING
3/22: 2nd and 3rd warnings
Today: SPX lowest since 2/9

VXX gamin’

#VXXGame Sold $UVXY Apr 20th 25 call for 1.47.

BTC $UVXY Apr 20th 14 puts for .11. Sold for 1.05 on Mar 20th.

BTC $VXX Apr 13th 38.5 puts for .04. Sold for 1.10 on Mar 20th.

SPX puts sold

#SPXcampaign Sold $SPX Apr 6th 2475/2450 put spreads for 2.20. This is the spread I took profits on this morning, closing for .55. Now I’m using same strikes again for a new trade.

SPX calls closed

#SPXcampaign
BTC $SPX Apr 19th 2820/2845 call spreads for .25. Sold for 1.95 on Mar 21st.
BTC $SPX Apr 19th 2825/2850 call spreads for .20. Sold for 1.65 on Mar 19th.

Whipsaw carries on

#SPXcampaign $SPX It was nerve-wracking selling calls on Thursday, but this approach is what’s needed with a VIX that can’t get far away from 20.00 in either direction. I closed out my Apr 6th spreads (the calls much too early), and now looking to pick the intraday low to add another put spread.

BTC Apr 6th 2725/2750 call spreads for 1.35. Sold for 3.25 on Thursday.
BTC Apr 6th 2475/2450 put spreads for .55. Sold for 2.80 on March 23rd.

STO May 4th 2400/2375 put spreads for 1.70.

Econ Calendar for week of 4/2/18

Be sure to periodically click Home/REFRESH to keep Bistro features updated.
Jobs Report is Friday at 8:30am ET.

Screen Shot 2018-04-02 at 5.34.36 AM

This week in covered calls

Wednesday: BTC $BABA Apr 20 2.10 call for .35. Sold for 2.90 on Mar 15th.

Today:
BTC BABA Apr 13th 205 call for .20. Sold for 2.05 on Mar 6th.
STO BABA Apr 27th 200 call for 1.90
STO $FB Apr 27th 175 call for 1.60
STO $AAPL Apr 27th 180 call for 1.55

#CoveredCalls

RH roll

#Earnings #StrangleRoll
BTC $RH Mar 29th 91.5 calls for 4.30. Sold in 65/91.5 earnings strangle for 2.53 on Tuesday.
STO $RH Apr 20th 87.5/100 strangles for 4.535.

SPX puts sold

#SPXcampaign Sold $SPX Apr 27th 2460/2435 puts for 1.75.

This does not fit into my approach of selling at extremes, but it is the last hour of the week and I had not sold my standard second put spread. Since VIX has not dropped too much I am not assuming the big down days are over. I will sell some additional calls if we close higher. Or puts if we sell off into the close.

Realized equity volatility highest in 2 years

From Seeking Alpha:

The S&P 500 has moved more than 1% in 20 sessions over the last two months vs. a total of 10 such moves in the prior 12 months before that (via Michael Batnick).

With rising volatility, exotic ETFs are seeing increased volumes, most notably inverse leveraged technology products. Volumes for funds like the 3x short Nasdaq 100 is touching multi-year highs, with investors betting on both sides of the trade.

“One theory for SPY and VXX’s lack of heightened volume might be that the very big fish aren’t worried or are already hedged, and that the sort of mid-sized institutional crowd is playing this,” says Bloomberg’s Eric Balchunas. “It’s the quick buck trading group.”

ETFs: VXX, UVXY, XIV, TVIX, SVXY, VIXY, ZIV, VXZ, VIXM, VMAX, VMIN, VIIX, CVOL, XVZ, TVIZ, XXV, IVOP, VIIZ

SPX calls sold

#SPXcampaign Sold $SPX Apr 27th 2800/s825 call spreads for 1.50. Looks like it filled at the high tick of the day.

RH earnings

#Earnings Closed $RH Mar 29th 65 puts for .05. Is it possible to trade this one for earnings without getting shredded on the call side? Seems not. My 91.5 calls slightly ITM. Will roll or wait for tomorrow.

Sold the strangles yesterday for 2.53.

SPX calls sold

#SPXcampaign I was trying to stick to my rule of only selling at extremes. My suspicion was that the peak above positive for the morning was the extreme high for the day. For once, I was correct (so far).

Sold $SPX Apr 13th 2720/2745 call spreads for 3.15. Part of a #CondorRoll from puts stopped yesterday. Will try to sell put side on or near an “extreme” low.

SPX whipsaw

#SPXcampaign I have never been so whipsawed in my trading career. I have been stopped out at extremes too many times to count. I am forced now to take a new approach:

1. Tone down the aggression.
2. Only sell at extremes. How do I define extremes? That’s not always easy, but I would say yesterday’s close and today’s close would qualify.
3. Try some cheap long spreads, purchase at extremes. The amount I’m getting eaten alive with short spreads makes me always wish I’d been long rather than short. Need to try it.

That will have to do until VIX gets back below 17.76 (at least), and not comfortable going back to aggressive strategies until it’s below 12.61.

Today:
Stopped $SPX Apr 27th 2770/2795 call spreads for 3.75. Sold yesterday for 1.60. This was well over 4.00 at the highs, which is my stop point, so at least I waited for some pullback.
#ReverseRoll – plan was to sell a condor as a roll, I was filled on put side, then never filled on call side. And then, I had to stop out. Great illustration of how difficult this strategy is in this market.
Sold Apr 4th 2560/2535 put spreads for 1.95. Stopped later for 5.35.

Stopped Apr 13th 2550/2525 put spreads for 5.95. Sold yesterday in a #CondorRoll for 6.30, when a CALL spread was stopped.

Stopped Apr 27th 2550/2525 put spreads for 2.50. Sold yesterday for 1.75. At least I got out on this one at a bounce.

UVXY calls

#VXXGame Sold a couple against my far-OTM long hedges:
Sold $UVXY May 18th 25 call for 2.60
Sold $UVXY Jun 15th 30 call for 2.50

This product is much less crazy since they reduced the leverage.

Lowest TICK readings since Feb 8th.

This is most whipsawing I can remember seeing in years.

#fallingknife, #volatility

RH earnings

#Earnings Selling $RH March 29th 65/91.5 strangles for about 2.40. Selling legs separately (1.40/1.35 for puts, 1.20 or lower for calls).

This has long been a big mover, so proceed cautiously. Over last 12 quarters, Biggest UP move: 44.8%, Biggest DOWN move: -25.7%, Average move: 12.6%. My strikes are +19.6% and -15.0% OTM.

SPX roll

#SPXcampaign
Stopped: $SPX Apr 6th 2700/2725 call spreads for 6.00. Sold for 3.10 on Friday.
#CondorRoll: Sold Apr 13th 2525/2550/2745/2770 condors for 6.30.

SPX calls sold

#SPXcampaign Sold $SPX Apr 27th 2770/2795 call spreads for 1.60. Playing things at the standard distance OTM (.10-.15 delta) while the market is wily.

SPX puts sold

#SPXcampaign Based on the way this market has been acting, lows that create a bounce this big result in a multi-day rally. While I’m not saying the coast is clear for new all-time highs, we should remain buoyant to bullish at least for a few days. So I’m selling puts rather than calls on an up day (however, the weakness since the initial pop is making this less certain). If we reach back toward 2700 I’ll be playing it more neutrally until the Downside Warning gets canceled, which is not until VIX closed below 12.61.

Sold to Open Apr 27th 2425/2400 put spreads for 1.75. Already up above 2.00 since we’ve sold off from the highs. If you wish to follow, I suggest going with the 2400/2375.

Econ Calendar for week of 3/26/18

Be sure to periodically click “HOME/Refresh” to keep Bistro features updated.

Screen Shot 2018-03-26 at 5.19.31 AM

Options Expiration and Final Trades 3/23/18

#SPXcampaign. Cleared out most put spreads for expected lower levels Monday. I only rolled one as I’d like to sell based on Monday’s open.

Stopped $SPX Apr 19th 2540/2515 put spreads for 5.40. Sold for yesterday for 2.85.
#CondorRoll: Sold Apr 6th 2700/2725 call spreads for 3.10, and Apr 6th 2475/2450 put spreads for 2.80.

Stopped Apr 19th 2475/2450 put spreads for 3.10. Sold yesterday for 1.80.

Closed Mar 26th 2680/2705 for .30. Sold this morning for 3.10.

Stopped March 26th 2575/2550 put spreads for 6.05. Sold yesterday for 1.75.

Bought to Open March 29th 2475/2450 LONG put spreads for 2.15. Will take profits with any big gap or move down Monday.

Bought to close March 23rd 2585 puts for .35. Sold in a #Condor Roll on Monday. Thought I didn’t need to worry about this one.

#VXXGame: Sold $UVXY Jan 2019 65 call for 3.75… thanks @optioniceman and @ramie77 for the idea

#Earnings BTC $FDX Mar 23rd 240 puts for 6.50. Sold in a strangle for 1.75 on Tuesday. Missed my chance to close for cheap on Wednesday. #Rolling: Sold Apr 20th 235 puts for 6.75. Also sold a Apr 20th 255 call for 1.15. Will add more calls on strength.

#OptionsExpiration
$SPX 2790/2815 call spreads
$VRTX (formerly covered) 177.5 call

New lows in…

$FB since July
$AAPL since mid Feb

and probably just about every other stock.

Not good

#VIXIndicator Just a heads up that closes like this on a Friday don’t make for great Mondays. This will make 2 uglies in a row after yesterday… similar to that fateful weekend in August 2015.

SPX day trade

#SPXcampaign Closed $SPX Mar 23rd 2550/2575 call spreads for 1.75. Sold for 9.00 earlier today.

Dropbox is trading

under symbol $DBX for about 7 minutes now. Already up 44%!

Livin’ on the Edge

#SPXcampaign Although these have not worked out for me this week, need to get my fix. Since I feel we will likely go lower, I…

sold $SPX March 23rd 2650/2675 call spreads for 9.00 when SPX was at 2652. If these expire worthless it will make up for the 2 call spreads that beat me this week.

SPX trades

#SPXcampaign The whipsaw I suffered in the morning yesterday was a buzzkill, because I’ve been correct about direction just horrible at my intraday timing. Here are remaining trades from yesterday and some this morning..

Sold $SPX April 19th 2540/2515 put spreads for 2.85, #Rolling with 1.5x position size.
Sold $SPX March 26th 2575/2550 put spreads for 1.75, expires Monday
Stopped Apr 6th 2550/2525 put spreads for 2.90. Sold for 1.95 on Mar 7th.
#ReverseRoll Sold March 26th 2680/2705 call spreads for 3.10.

Closed on GTC orders:
March 29th 2760/2785 call spreads for .30. Sold for 3.45 on Monday.
April 13th 2850/2875 call spreads for .20. Sold for 1.70 last Friday.

#ITMroll
Sold April 13th 2775/2750 put spreads for 22.25. This is an #ITM roll from the March 29th 2790/2765 spreads I’m currently trying to close. Probably be paying close to 24.00.