#CoveredCalls #CoveredCallCampaign
Closed $FB Jan 26th 180 put for .12. Sold on last week’s dip for 3.55. After getting crushed on my last covered call, I made up most of the loss by selling this put on the news-driven drop. Now I will wait until earnings on the 31st and sell strangles.
#Earnings #ShortStrangles
Closed one of my $NFLX Jan 26th 250 calls for 5.05. Letting the other one ride. Sold strangles yesterday for about 3.00.
Closed $SPX Jan 26th 2790/2765 put spreads for 1.20. Sold for 8.20 last Tuesday.
Closed on GTC order: Feb 2nd 2660/2635 put spreads for .20. Sold for 1.55 on Jan 5th.
Stopped Feb 15th 2890/2915 put spreads for 3.05, sold for 1.50 last Wednesday. Will look to roll tomorrow
#Earnings Added a Jan 26th 205 put for 1.19 before the bell. Was waiting for a bit more pullback but it went the wrong way. So I have two strangles…
200/250
205/250
#SPXcampaign Well, it already looks like the possibility for consolidation is a bust. It seems the higher we go with little rest and no correction means the eventual reckoning will be all the more devastating. But until it happens, we ride the rocket ship to the sky.
Closed $SPX Feb 9th 2875/2900 call spreads for 2.75. Sold on Friday for 1.55.
#ReverseRoll Selling the Feb 7th 2790/2765 put spreads. Asking 3.90, which I will get with any slight pullback. If not, I’ll sell it for less.
Unfortunately I have no long call spreads going. Since the Upside Warning is not in effect, it’s tougher to have firm conviction of follow through, so I don’t want to buy at fresh highs.
#SPXcampaign Closed $SPX Jan 26th 2820/2845 call spreads for 9.20. Sold last Wednesday for 4.25. My plan was to get out around 8.00, but this morning’s price action blew right past that. I feel it’s more likely I’m closing at a short term top, but can’t risk it. With recent action, we could end today at 2830 easily. Good news is I sold the 2790/2765 put spreads for 8.20 and they’re currently trading at 2.00.
#Earnings Sold $NFLX Jan 26th 250 calls for 1.35 and 1.50. Coupled with a 200 put sold on Friday for 1.78. I’ll add another put sometime today for a total of 2 #ShortStrangles.
NFLX 5-day moves over last 12 quarters: Biggest UP move: 27.8%, Biggest DOWN move: -13.1%, Average move: 12.6%. My strikes are 11.1% OTM.
#SPXcampaign Sold $SPX Feb 23rd 2900/2925 call spreads for 1.60. Parabolic move might be continuing, which means I’ll be having to stop-out of these calls and start getting ridiculously long again. Anyone else think we’ll hit 2900 before March? Hard to believe but can’t rule it out.
#Earnings #ShortStrangles
Sold $KMB 111/120 strangles for 1.05. Biggest UP move: 5.4%, Biggest DOWN move: -6.2%, Average move: 2.7%. These strikes are 3.9% OTM
The Daily Shot: How did the previous government shutdowns impact the stock market? https://t.co/G78Isc67PO pic.twitter.com/tfMY0oqOPt
— WSJ Markets (@WSJmarkets) January 22, 2018
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#SPXcampaign
Sold $SPX Feb 16th 2710/2685 put spreads for 1.55.
#Earnings
Closed $AA Jan 19th 53.5 puts for .45, sold in strangle for 1.00 on Wednesday.
Closed $STZ Jan 19th 220 put for 1.60, sold for 2.35 on 1/4.
#OptionsExpiration #ContangoETFs
$DUST 30 call, sold for 1.50 on Nov 30th
$AA 59 calls, sold in strangle for 1.00 on Wednesday.
#SPXcampaign Closed $SPX Jan 22nd 2780/2755 put spreads for .60. Sold for 2.10 as a roll on Wednesday.
#Earnings
BTC $STZ Jan 19th 220 call for 1.65. Sold for 2.35 on Jan 4th. Still got another one to buy back before the close
BTC $AA Jan 19th 53.5 puts for .60. Sold as 53.5/59 strangles for 1.00 on Wednesday. Still holding more to cover before the close.
Sold $NFLX Jan 26th 200 put for 1.78. They announce Monday after the close so I’m starting my position now in case it rallies higher before the report.
#SPXcampaign Sold $SPX Feb 9th 2875/2900 call spreads for 1.55. Missed the fill at highs and got caught in the plunge. I sold no call spreads in this expiry last week because we were in an Upside Warning.
…just a theta decay day for me. If we get government shutdown, will it be a BTFD or something bigger? If they avert it, will another blistering rally commence?
#SPXcampaign Bought to close $SPX Jan 24th 2775/2750 put spreads for 3.10. Sold yesterday for 6.70.
I had three put spreads close to ATM so I took off this one with a decent profit. If we get a pullback I want to be selling new spreads, not scrambling to manage threatened ones.
#SPXcampaign #Rolling #CondorRoll Already rolling the call spread I sold this morning.
Closed $SPX Feb 15th 2870/2895 call spreads for 3.25. Sold this morning for 1.80.
Sold Feb 15th 2890/2915 call spreads for 1.50.
Sold Jan 22nd 2780/2755 put spreads for 2.10.
#SPXcampaign Sold to Close $SPX Jan 19th 2765/2785 call spreads for 18.10. Bought for 3.20 on Jan 10th.
Ripping up again. The 2 call spreads I sold earlier have each gone against me by 50% already. I’ll hold overnight but will have to consider rolling if the rally continues tomorrow.
#VXXGame #LongPutDiagonals #SyntheticShortStock
Sold $VXX Feb 16th 25 put for 1.15. Just trying this out ahead of some possible consolidation. I will NOT let this go ITM, but I would like to chip away at some of the loss I took in selling puts months ago. I forgot to sell some short term calls yesterday, which I had been planning on a spike.
#Earnings #shortstrangles
Sold $AA Jan 19th 53.5/59 strangles for 1.00. Biggest UP move: 9.5%, Biggest DOWN move: -11.4%, Average move: 4.8%. Expected move is 2.98. So this strangle is a bit aggressive, being inside its expected and historical moves. But I also noted that many of the post-earnings moves could be faded on the first day, and that the moves have been smaller in recent quarters. In any case, totally manageable at the stock price of 56.20.
#SPXcampaign Sold $SPX Jan 26th 2820/2845 call spreads for 4.25. Provided we’re not on another rocket ship higher, this should be closable within a couple days.
What’s the best TOS ticker to follow?
#SPXcampaign Back in the call game after the Upside Warning was canceled.
Sold $SPX Feb 15th (monthlys) 2870/2895 call spreads for 1.80.
#SPXcampaign Sold $SPX Jan 24th 2775/2750 puts for 6.70. If this one looks to be in trouble tomorrow (one week from expiration), I will roll it.
Cancelation of the upside warning does not necessarily mean that the bull run is finished. But it may mean a slowing of the momentum. I will look to try some call spread sales on the next up day.
#VIXIndicator The VIX just exceeded 25% above the 2-day closing low, so that cancels the Upside Warning. Under my revised rules, we do not get a downside warning unless we close above 12.35.
In recent months these spikes intraday have been bought. I have no reason to feel this would be different, provided we get the normal afternoon bounce. It was a beautiful morning as I had 3 put spreads close for pennies. If we find a low and bounce, I will be looking for more positions to get long the market.
#VXXGame Followed @optioniceman and sold $UVXY March 16th 15 calls for 1.15.
I was looking to follow @fuzzballl‘s $SVXY 110 Feb puts, but broker wanted 11K in margin to sell a 3-dollar put. That’s the problem with being long so many $VXX puts on portfolio margin…. broker doesn’t want me to get short more volatility. But UVXY was more reasonable, only charging 1.5K for each 1.15 option.
#SPXcampaign I sold a normal 5-week spread and an aggressive 10-dayer.
Sold $SPX Feb 15th 2675/2650 put spreads for 1.50.
Sold $SPX Jan 26th 2790/2765 put spreads for 8.20.
#SPXcampaign
Closed on GTC orders:
$SPX Feb 2nd 2620/2595 put spreads for .20. Sold for 1.50 on Jan 3rd.
$SPX Jan 22nd 2740/2715 put spreads for .40. Sold for 7.50 last Wednesday.
Waiting for at least a morning minor pullback to add more… will we ever go down again?
#SPXcampaign Closed on GTC order in pre-market: $SPX 2740/2715 put spreads for .40. Sold for 6.85.
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#SyntheticShortStock #LongPutDiagonals
Took the cue from @fuzzballl and closed one of these (I originally had 2). Can’t make a whole lot more on this since we’re getting closer to zero on the stock.
Closed $UVXY Jan 2019 positions:
Long 30 put, Short 30 call, Long 40 call for 23.91.
Bought for 17.10 on Aug 17th.
That’s a $6.81 profit, BUT I also lost $818 total in the attempt to sell short-term puts. Since I had 2 positions, that’s a $409 loss for each, so profit on this one is $272.
As for the other one, I previously closed the call spread for 1.60 (on Dec 20th), and I put in an order to close the remaining long put for 24.50, which price is already near. That would mean a $171 profit on that half.
I am keeping my $VXX version of this open, since the stock is still at 25.75 so my long 20 puts still have a lot to gain. I have closed a third of my short call spreads, and I added more long puts “naked” anyway, so I’m long 18 puts, currently at 4.68, average purchase 1.77. I lost a bigger bundle on the sale of short-term puts on VXX, but my ending profit on the long puts will make up for it and them some.
I will look to do this again when they launch $VXXB with the 2020 LEAPs. But that time, I will skip the #Fuzzy hedging and just go with the synthetic short.
#SPXcampaign Closed $SPX Jan 26th 2800/2825 call spreads for 5.80. Sold for 3.60 yesterday. These got close to 7.00 at the highs. It is still a folly to attempt to short this market.
#SPXcampaign Closed the $SPX Jan 16th 2750/2770 call spreads for 18.40.
This expires Monday and the max gain is 20.00. I figured if I could get 18.40 of that today, it was worth closing early. I didn’t really think it would fill when the morning started, but it did.
Bought for 2.80 on Jan 5th, the day after the Upside Warning fired.
#CoveredCalls #CoveredCallCampaign #earnings
Got whipsawed on this one… first time in the year since I started this, so not bad.
Sold $FB Jan 26th 182.5 call for 1.30 on Jan 2nd.
Closed it for 5.50 on Wednesday.
Today, we get the dip I wish I’d waited for. But now looking at a run up into earnings, so I sold Jan 26th 180 put for 3.55.
Earnings are Jan 31st. I will look into strangles on the day before.
#SPXcampaign Closed on GTC order in pre-market:
$SPX Jan 17th 2730/2705 put spreads for .40. Sold for 6.50.
#SPXcampaign Sold $SPX Jan 26th 2800/2825 call spreads for 3.60.
I decided to dip my toe in since we had such a strong surge at the end of the day. If we get any pullback or consolidation over next couple of days, I can close this for under a dollar. If not, I’ll stop it at 5.00 or 6.00.
Other than one option sold in $GUSH, just riding the wave today as the Upside Warning brings us higher. I’m going to sell my long $SPX Jan 12th 2750/2775 call spreads today for 13.75 or best I can get before the close. It may go higher tomorrow, but for that I have the same spread with Tuesday’s expiration.
I gotta believe we’re due for a consolidation period soon, but it’s hard to pick a top. Rather than my typical 5-weeks-out, I will probably try selling some shorter term call spreads, as they will lose their value very fast once we consolidate.
#SPXcampaign Sold to Open $SPX Feb 9th 2660/2635 put spreads for 1.55.
#SPXcampaign Sold to Open $SPX Jan 22nd 2740/2715 put spreads for 7.50 (wish I’d waited 10 minutes).
#VXXGame Sold to Open $SVXY March 16th 130/110 put spread for 8.05. That cost me 2K in margin as opposed to a naked March 120 put, for which they wanted 12K. I guess that means I’m long the market.
#SPXcampaign Bought to open $SPX Jan 19th (Friday PM) 2765/2785 call spreads for 3.20. Also orders in to sell some put spreads.
#VXXGame Bought to CLOSE $SVXY Jan 19th 125 call for 11.15. Sold for 3.75 on Oct 26th. Looking for roll options.
#SPXcampaign Sold a third of my LONG $SPX Jan 12th 2750/2775 call spreads for 10.45. These were bought for only .45 back on Dec 11th. I’m keeping the rest until Friday’s expiration.
#SPXcampaign Closed on GTC orders:
$SPX Jan 26th 2605/2580 put spreads for .20. Sold for 1.45.
$SPX Jan 16th 2700/2675 put spreads for .30. Sold for 4.75.
#SPXcampaign These closed this morning on GTC orders:
$SPX Jan 12th 2690/2665 put spreads for .25. Sold for 3.20 one Jan 3rd.
$SPX Jan 18th 2620/2595 put spreads for .20. Sold for 1.60 on Dec 22nd.
Upside Warning working… this morning’s minor drop another entry opportunity.
#SPXcampaign Earlier sold my standard, 5-week-out, campaign trade (Feb 9th expiry). Here I’m selling an aggressive, ATM, shorter timeframe as it looks like the morning weakness is ending. This one will be on a shorter leash, and if we haven’t moved higher by this Friday I will likely roll it.
Sold $SPX Jan 19th (Friday PM expiration) 2740/2715 put spreads for 6.95.
I’m changing the name of my site to Options Blockchain Bistro-Coin. I’m selling only 100 shares, opening ask is $1.6 million each.
#SPXcampaign Sold $SPX Feb 9th 2650/2625 put spreads for 1.60.
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#VXXGame Doing a @fuzzballl style #ReverseRoll on this one. My naked call was bound for #EarlyAssignment any day now so I finally closed it. Getting some of that premium back with an ITM put spread. If we have a significant drop before June, I can sell the long put and take assignment of the stock at a decent cost basis.
Closed $SVXY Jan 16th 97.5 call for 38.35. Sold as the 195 call for 6.25 on 1/6/17, exactly a year ago…. cost basis 3.125, so not a great trade!
Sold SVXY June 150/110 put spread for 18.40. So for instance if SVXY dips to 80 at June expiration, I would get the stock at 101.60 cost basis. I’ll be looking for another roll on the next pullback.
#Earnings https://www.bespokepremium.com/think-big-blog/bespokes-list-of-the-most-volatile-stocks-on-earnings-2/
#SPXcampaign Here are the $SPX trades I made on the Great Market Dip of 2018 (the 3-point drop between 9:30 and 9:55 PT)
Sold Feb 2nd 2660/2635 put spreads for 1.55
Sold Jan 17th 2730/2705 put spreads for 6.50
BOUGHT Jan 16th 2750/2770 call spreads for 2.80
#ShortStrangles Sold another $AVGO Feb 16th 290 call for 3.75. Why do I get the feeling I will have to roll it?
#SPXcampaign I was futzing around with taking some risk off yesterday, but was not filled. Then I forgot to take the order off, so this closed overnight, regretfully now that it’s trading at .60.
Closed $SPX Jan 8th 2710/2685 put spreads for 1.40. Sold for 6.20 on Wednesday.
+148,000 non-farm payroll jobs, vs 180K expected
Unemployment holds steady at 4.1%
U6 unemployment up one tenth to 8.1%
Wages up 0.3%, totaling +2.5% for the year
Labor force participation holds at 62.7%
#VIXIndicator #Market An Upside Warning went into effect, meaning the risk is to upside: higher prices on the indices. I was hoping for some relaxation or minor pullback to start us off, but we are over 8 points higher again on $SPX. No use fighting it.
Jobs report in 20 minutes.
#Earnings Bullish trend, stellar earnings performance.
Sold $STZ Jan 19th 220 put for 2.20. Will add another.
One day moves: Biggest UP move: 6.4%, Biggest DOWN move: -7.1%, Average move: 3.8%. +2.6% upside bias. This trade is -3.9% OTM.
Over last 12 reports, -7.1% was its only move down the day after, and that improved to only -2.7% thirteen days later (which is roughly expiration).
#SPXcampaign Closed $SPX Jan 18th (monthlys) 2750/2775 call spreads for 2.15. Sold for 1.60.
That puts me 100% long SPX.
#ShortStrangles Sold $AVGO Feb 16th 290 call for 3.25.
Sold (2) 250 puts for 5.85 last week… now making this a strangle. Will add another 290 at a higher price to balance the quantity.
The VIX is trading under 9.00 for the sixth time ever.
#SPXcampaign Changed my mind… got enough pullback:
Sold $SPX Jan 16th 2700/2675 put spreads for 4.75.
#SPXcampaign Closed my last short call spread:
$SPX Feb 2nd 2750/2775 call spreads for 3.60. Sold for 1.50 yesterday.
Waiting to roll. Whether we are up or down tomorrow I will sell new put spreads, but I’m going to wait in case we have a pullback. A mild pullback tomorrow will still likely result in an Upside Warning and would be a better place to start long positions than at all-time highs. Then again, we could just continue higher and get long anyway.
#SPXcampaign I’m jumping on this train. It hasn’t failed lately and I don’t see any reason it’s going to fail now. Holding off on BUYING any longs… would like to see another day and maybe some slight pullback.
Stopped $SPX Jan 26th 2740/2765 call spreads for 4.10. Sold for 1.80 last week.
#ReverseRoll Jan 8th 2710/2685 put spreads for 6.20. Slightly ITM.
If you didn't panic buy the 1st open you can always panic buy the 2nd open. pic.twitter.com/5tsqENQ2J2
— Sven Henrich (@NorthmanTrader) January 3, 2018
#SPXcampaign
Closed Jan 26th 2740/2765 call spreads for 2.95. Sold last week for 1.70.
Closed Jan 5th 2795/2720 call spreads for 11.80. Sold in a condor Friday for 7.35. Letting the 2675/2650 put spreads expire.
#SPXcampaign Sold $SPX Feb 2nd 2620/2595 put spreads for 1.50.
#SPXcampaign Spent the weekend wondering if I’d be challenged on the put side. Wrong again!
Closed $SPX Jan 3rd 2690 calls for 11.60. Sold in a condor for 6.50 on Thursday. I will be rolling into something, not sure what yet. A new Upside warning may be firing tomorrow.
#ContangoETFs Sold $NUGT March 44 call for 1.50. I now have a NUGT ladder that matches my $DUST ladder, all in calls.
$SPX notched a new one… so much for any bearishness in the new year. Another VIX close below 9.85 but will the FOURTH attempt at three in a row be the charm for an Upside Warning? I posted this in the Twitter feed earlier but I’ll now leave it here:
Dow up +25% in ’17 … time to look for a pullback?
Since ’50, up >25% YTD 10 times.
Higher next year 8 times with 6 of those times up double digits.
Avg +12.6% vs avg yearly return of +8.5%.
In other words, don’t turn bearish simply because ’17 was up a lot.
#SPXcampaign A flurry of put spreads closed in the last 20 minutes as $SPX ticked higher. I’m sitting now slightly ITM on a call spread expiring tomorrow (2690/2715). If we don’t open flat or lower, I will have to roll it.
Closed June 3rd 2775/2750 put spreads for .50. Sold in the condor for 6.50 on Thursday.
Closed June 3rd 2670/2645 put spreads for .30. Sold for 3.35
Closed Jan 12th 2580/2555 put spreads for .20. Sold for 1.45
#SPXcampaign Sold $SPX Feb 2nd 2750/2775 call spreads for 1.50
Closed on GTC order:
Jan 12th 2575/2550 put spreads for .20. Sold for 1.45
#CoveredCalls #CoveredCallCampaign
Sold $FB Jan 19th 182.5 call for 1.30.
Expires before earnings
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JOBS report is this Friday, 8:30am ET
#SPXcampaign These were sold on Friday’s plunging close.
Closed $SPX Jan 2nd 2665 puts for .20. Sold on the 2665/2640 put spreads for 1.30.
#SPXcampaign Sold $SPX Jan 2nd 2665/2640 put spreads for 1.30. Could have gotten over 2.00 if I had thought the punch down would be so sharp. Looks like it might have gone ITM in the after market. These expire on Tuesday, OTM, I hope.
#Earnings #LongStock Dumped these shares for 48.85. Tax loss. Sick of watching it do nothing.
Starting fresh for the new year! See y’all then!
Options Bistro 