Jeff 12:53 pm on Friday, September 1, 2017
Tags: LongPutDiagonals ( 56 ), VXXGame ( 769 )

VXX long game

Bought to open $VXX Jan 2019 20 puts for 1.80
Sold to Open VXX Jan 2019 50/60 call spreads for 2.23

Net credit: .43.
I traded 10, so profit near expiration should be about $10K.
Max risk just under 10K if VXX soars above 60 and doesn’t come back down. An extremely unlikely scenario.

I’m on portfolio margin, and due to other VXX, SVXY and UVXY position, I was actually credited margin back for this trade. How much this may strain my buying power during a big correction is up to my broker.

I don’t think I will be buying a safety call as @fuzzballl does, but I will consider it. Also will consider selling weekly puts to increase profits.

Jeff 12:03 pm on Friday, September 1, 2017
Tags: LongPutDiagonals ( 56 ), LongPuts ( 144 ), VXXGame ( 769 )

VXX long game

#VXXGame #LongPuts

Looking at setting up #LongPutDiagonals on $VXX, following @fuzzballl‘s lead.

Effective price of VXX 16 months ago: 255.00.
Price today: 46.23
Projected price in 16 months (Jan 2019): 8.38

Buying Jan 2019 20 puts now for 1.83, they’ll be worth 12.62 at expiration.

This is the perfect opportunity, and I darned near missed it because I was watching UVXY too much. I did a study a couple years back on buying long put LEAPs right after reverse splits. It almost always works, unless a huge correction happens near expiration, which is why you would likely close a couple months early.

And if I sell some call spreads to pay for it… it’s a golden trade.

Am I missing anything?

Jeff 7:17 am on Friday, September 1, 2017
Tags: ReverseRoll ( 144 ), SPXcampaign ( 2,265 )

SPX trades

#SPXcampaign Bought to close $SPX Sep 1st 2470/2445 put spreads for .75. Sold yesterday for 5.80.

STOPPED: Sep 8th 2475/2500 call spreads for 8.40. Sold for 3.10 on Aug 24th.
#ReverseRoll Sold Sep 8th 2480/2455 put spreads for 6.80.

Jeff 6:15 am on Friday, September 1, 2017
Tags: Market ( 69 )

August JOBS report

#Market A slight miss this month. Market don’t care.

+156,000 non-farm jobs in August. June/July revised down a total of -41,000
Unemployment rate up one tick to 4.4%, after ticking down to 4.3% in July.
U6 unchanged at 8.6%, unchanged
Avg hourly earnings up +0.1%, worse than July +0.3% and June +0.2%
Labor Force Participation 62.9%, unchanged.

Jeff 2:39 pm on Thursday, August 31, 2017
Tags: VIXIndicator ( 294 )

Downside Warning officially over

#VIXIndicator closed below the Fib 78.6% line, so the warning is over. Likely more upside in the coming days. Two more consecutive days below 10.65 will mean an Upside Warning.

Jeff 11:21 am on Thursday, August 31, 2017
Tags: ContangoETFs ( 446 )

NUGT call

#ContangoETFs Adding another rung to the ladder: Sold $NUGT Dec 15th 58 call for 2.28.

Jeff 9:45 am on Thursday, August 31, 2017
Tags: ShortStrangles ( 716 )

REGN soaring

@fuzzballl You trade this more than I. Do you have a level at which you will roll your 530 call?
#ShortStrangles

Jeff 9:36 am on Thursday, August 31, 2017
Tags: CoveredCalls ( 2,209 ), LongStock ( 80 )

Covered Calls

#CoveredCalls #LongStock
Sold to Open $FB Sep 29th 175 call for 1.85
Sold to Open $PLCE Oct 20th 115 call for 2.00, adding to my position.

Jeff 8:15 am on Thursday, August 31, 2017
Tags: CondorRoll ( 191 ), LongCallSpread ( 18 ), RiskReversal ( 86 ), SPXcampaign ( 2,265 )

yet more SPX

#SPXcampaign The triage continues as I flip my account from short to long.

Bought to close $SPX Sep 29th 2505/2530 call spreads for 4.00
Sold to Open Oct 6th 2340/2365/2535/2560 #CondorRoll for 3.15, 1.33x position size.

#RiskReversal #LongCallSpread
Bought to OPEN SPX Sep 8th 2480/2495 long call spreads for 2.90
Sold to Open SPX Sep 8th 2450/2425 short put spreads for 3.15
The spread I purchased is only 15-wide, which made it cheaper. Closing this one for $15 would exceed my expectations, so buying a smaller size than I sell works for me.

Also, closed on GTC order:
Sep 15th 2310/2285 put spreads for .20. Sold as a roll on Aug 10th for 2.05

Jeff 7:27 am on Thursday, August 31, 2017
Tags: ReverseRoll ( 144 ), SPXcampaign ( 2,265 )

more SPX trades

#spxcampaign

Bought to close $SPX Sep 15th 2480/2505 call spreads for 6.20. Sold for 2.98 yesterday.
#ReverseRoll Sold Sep 13th 2455/2430 put spreads for 4.70. Will make up 1.50 debit.

Bought to close Sep 13th 2470/2495 call spreads for 10.05. Sold for 5.45 yesterday. Roll coming.

Bought to close Sep 25th 2500/2525 call spreads for 4.20. Sold for 1.60 on Aug 21st.
#ReverseRoll Sold Sep 25th 2445/2420 put spreads for 4.50.

Jeff 6:42 am on Thursday, August 31, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

SPX trades

#SPXcampaign VIX plummeting. Moving toward the end of Downside warning today. Sold to Open the following $SPX put spreads:

Sep 1st 2470/24456 for 5.80. Expires tomorrow. May close today if we get high enough.
Sep 25th 2425/2400 for 3.05.
Sep 29th 2375/2350 for 1.60.

#condorroll

Jeff 2:59 pm on Wednesday, August 30, 2017

SPX Chart and VIX Indicator have been updated

Tomorrow, and Friday with the Jobs Report, should tell us whether we’re headed up or down into September.

Jeff 1:13 pm on Wednesday, August 30, 2017
Tags: ATMroll ( 8 ), CondorRoll ( 191 ), SPXcampaign ( 2,265 )

SPX trades

#SPXcampaign I had to close two call spreads that went ATM today. The VIX dipped but ended off its lows. I will do more rolling tomorrow.

Bought to close $SPX Sep 14th 2460/2485 call spreads for 10.60. Sold yesterday for 6.00. Not yet rolled.
Bought to close Sep 6th 2460/2485 call spreads for 7.70. Sold as part of a #CondorRoll for 6.65 on Aug 25th. Rolled…
#ATMroll Sold Sep 13th 2470/2495 call spreads for 5.45. Ten points higher and I can roll again if we hit 2470. Will add a put spread tomorrow to make up for the debut.

Also, sold to open Sep 29th 2510/2535 call spreads for 1.40, standard campaign position.

Jeff 10:14 am on Wednesday, August 30, 2017
Tags: SPXcampaign ( 2,265 ), VIXIndicator ( 294 )

VIX dropping

#SPXcampaign #VIXINdicator With the VIX breaking below its intraday consolidation and SPX shooting higher, I’m beginning the process of reversing my SPX campaign positions from short to long. The Downside signal will not officially be over until a close below 10.65, but today it’s certainly looking to be headed there.

Jeff 9:05 am on Wednesday, August 30, 2017
Tags: SPXcampaign ( 2,265 )

SPX trades

#SPXcampaign Sold to Open $SPX Sep 15th 2480/2505 call spreads for 3.00. Extra spread offsetting existing put spreads; looking to sell a put spread in a different expiry.

Closed on GTC order: Sep 8th 2340/2315 put spreads for .20. Sold for 1.50 on Aug 10th.

Jeff 12:23 pm on Tuesday, August 29, 2017
Tags: ATMroll ( 8 ), SPXcampaign ( 2,265 )

SPX reversal?

#SPXcampaign The huge reversal in SPX and big drop in VIX (looking to end down on the day) could signal a sort-term bottom is in. I am looking to close some call spreads with profits; if there is a follow-through rally tomorrow, I will be facing a serious drawdown if I don’t close some today.

#atmroll

Jeff 7:41 am on Tuesday, August 29, 2017
Tags: SPXcampaign ( 2,265 )

SPX calls sold

#SPXcampaign Another downside signal fired in premarket with VIX high of 14.34. I’ve profited greatly from call spreads in August, and I’m banking there’s more time left before the next rally to new highs.

Sold to Open $SPX Sep 14th 2460/2485 call spreads for 6.00.
Sold to Open $SPX Sep 22nd 2475/2500 call spreads for 4.50.

Also trying to sell put spreads since the open. I’ve been waiting for a stronger spike down, but it’s not coming. Always a possibility that this morning’s open was the low.

Jeff 6:42 am on Tuesday, August 29, 2017
Tags: ContangoETFs ( 446 )

NUGT call

#ContangoETFs Sold $NUGT Dec 15th 51 call for 3.80, adding to my position.

Jeff 12:55 pm on Monday, August 28, 2017
Tags: Earnings ( 3,114 )

BBY earnings

#Earnings Sold to Open $BBY 57.5 puts for 1.06. Biggest UP move: 21.5%, Biggest DOWN move: -7.4%, Average move: 8.6%. This trade is 7.5% OTM.

Jeff 11:20 am on Monday, August 28, 2017
Tags: ContangoETF ( 8 )

NUGT new highs

#ContangoETF’s $NUGT hitting multi-week highs.
BTC NUGT Sep 15th 51 call for .15. Sold for 4.60 on May 17th.
STO NUGT Oct 45 call for 2.00.

Jeff 7:11 am on Monday, August 28, 2017
Tags: SPXcampaign ( 2,265 )

SPX calls sold

#SPXcampaign Sold to Open $SPX Sep 29th 2505/2530 call spreads for 1.65, with SPX at 2444.

Jeff 7:10 am on Monday, August 28, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

SPX calls closed

#SPXcampaign Bought to close $SPX Aug 28th 2455 calls for .25. Sold in a #CondorRoll for 4.40 on Aug 21st.

Jeff 5:44 am on Monday, August 28, 2017

Econ Calendar for week of 8/28/17

JOBS report on Friday. Markets CLOSED next Monday.

Jeff 9:23 am on Saturday, August 26, 2017

SPX Chart and VIX Indicator…

SPX Chart and VIX Indicator have been updated

Jeff 1:00 pm on Friday, August 25, 2017
Tags: Earnings ( 3,114 ), OptionsExpiration ( 796 )

Options Expiration 8/25/17

#OptionsExpiration #Earnings

— Expiring w/Max profit —
ADSK 103 puts. Sold yesterday for 1.07
AVGO 245/240 put spreads. Sold yesterday for 1.20

See y’all Monday!

Jeff 12:55 pm on Friday, August 25, 2017
Tags: IronCondor ( 244 ), SPXcampaign ( 2,265 )

SPX extra spread

#SPXcampaign Sold to Open $SPX Sept 6th 2375/2400/2460/2485 #IronCondor for 6.65.

Jeff 12:49 pm on Friday, August 25, 2017
Tags: CoveredPuts ( 44 ), LongPutDiagonals ( 56 ), Rolling ( 462 ), StrangleRoll ( 49 ), VXXGame ( 769 )

VXX rollers

#VXXgame
#LongPutDiagonals #CoveredPuts #Rolling
BTC $UVXY Sept 1st 30 puts for 1.44. Sold for 1.10 on Aug 18th.
Sold to Open Sept 8th 29 puts for 1.77.

#StrangleRoll
BTC $SVXY Sep 15th 77.5 put for 4.20. Sold for 3.70 on July 27th.
STO $SVXY Oct 20th 55/90 strangle for 4.64 (legged in)

Jeff 12:38 pm on Friday, August 25, 2017
Tags: SPXcampaign ( 2,265 )

SPX puts sold

#SPXcampaign Sold to Open $SPX Sep 22nd 2345/2320 put spreads for 1.40. I was waiting for a flush but got impatient. Of course, my trade signaled that the flush could begin.

Also, closed on GTC order: Sep 14th 2520/2545 call spreads for .20. Sold for 1.45 on Aug 14th.

Jeff 9:27 am on Friday, August 25, 2017

Long Call Diagonals

I have added this to the “Hashtag Strategies” selection in the Menu at the top of the Bistro site.

Jeff 8:08 am on Friday, August 25, 2017
Tags: Earnings ( 3,114 ), IronCondor ( 244 )

ULTA earnings closed

#Earnings Closed $ULTA Aug 25th 217.5/212.5 put spreads for 4.40. Sold in the #IronCondor yesterday for 2.20. Reduced loss by .60 per lot by closing early and avoiding exercise.

Jeff 6:56 am on Friday, August 25, 2017
Tags: CoveredCalls ( 2,209 ), LongStock ( 80 )

PLCE covered calls

#CoveredCalls #LongStock
Sold to Open $PLCE Sep 15th 110 call for .95
Sold to Open $PLCE Oct 20th 115 call for 1.50

Assigned long stock at 108.00 cost basis.

Jeff 6:53 am on Friday, August 25, 2017
Tags: SPXcampaign ( 2,265 )

SPX calls sold

#SPXcampaign Sold to Open $SPX Sep 22nd 2505/2530 call spreads for 1.60.

Jeff 1:39 pm on Thursday, August 24, 2017
Tags: ContangoETFs ( 446 )

DUST closed

#ContangoETFs Closed on GTC order: $DUST Jan ’18 85 call for .35. Sold for 4.00 on April 26th.

Jeff 10:24 am on Thursday, August 24, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

SPX trades

#SPXcampaign Sold to Open $SPX Sep 8th 2475/2500 call spreads for 3.10. With the indecision I am now looking to sell spreads on either side, offsetting existing spreads to make new condors. Since I had puts but no calls existing for Sep 8th expiry, I sold these calls.

Earlier, closed on GTC order: Sep 6th 2300/2275 put spreads for .20. Sold in a #CondorRoll for 2.85 on Aug 10th.

Jeff 7:49 am on Thursday, August 24, 2017
Tags: Earnings ( 3,114 )

ULTA earnings

#Earnings Selling a condor at its average move and close to a 1:1 risk/reward. Took awhile to get filled. Only selling a 2-lot as I like to limit my max loss to $500-600 on earnings spread trades.

Sold to open $ULTA 212.5/217.5/252.5/257.5 iron condors for 2.20. Biggest UP move: 17.9%, Biggest DOWN move: -6.1%, Average move: 6.9%. This trade is -6.7% and +8.3% OTM.

Jeff 7:02 am on Thursday, August 24, 2017
Tags: Earnings ( 3,114 )

AVGO earnings

#Earnings Sold to Open $AVGO Aug 25th 245/240 put spreads for 1.20. Biggest UP move: 14.7%, Biggest DOWN move: -2.2%, Average move: 6.4%. This trade is -3.7% OTM.

I’m playing these two bullish even though NDX under pressure. Historical performances on ADSK and AVGO are very positive on earnings, and both of my trades are outside their 12-quarter/one-day negative max move.

Jeff 6:42 am on Thursday, August 24, 2017
Tags: Earnings ( 3,114 )

ADSK earnings

#Earnings Sold to Open $ADSK Aug 25th 103 puts for 1.07. Biggest UP move: 14.7%, Biggest DOWN move: -6.4%, Average move: 5.0%. This trade is -7.1% OTM.

Jeff 10:58 am on Wednesday, August 23, 2017
Tags: Rolling ( 462 ), VXXGame ( 769 )

SVXY rolls

#VXXGame $SVXY Taking a cue from @optioniceman‘s move yesterday, rolling some ITM puts:

BTC SVXY Sept 1st 80 put for 5.35. Sold for 2.80 on July 27th.
BTC SVXY Sept 15th 77.5 put for 5.45. Sold for 3.70 on July 27th.

#Rolling both to: Sold to Open SVXY Oct 20th 68 puts for 5.55.

Jeff 8:01 am on Wednesday, August 23, 2017
Tags: SPXcampaign ( 2,265 )

SPX puts sold

#SPXcampaign Sold to Open $SPX Sept 22nd 2330/2305 put spreads for 1.50, with SPX at 2445.

Jeff 6:54 am on Wednesday, August 23, 2017
Tags: Earnings ( 3,114 )

CRM closed

#Earnings Bought to close $CRM Aug 25th 90 puts for .10. Sold yesterday in the 90/85 put spread for 1.00. I will keep the longs as lottery tickets.

Jeff 12:48 pm on Tuesday, August 22, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

SPX closures

#SPXcampaign Closed on GTC orders:
$SPX Aug 25th 2380/2355 put spreads for .20. Sold for 1.40 on July 27th.
$SPX Aug 28th 2385/2360 put spreads for .20. Sold yesterday as part of a #CondorRoll for 4.40 (the call side has gone above 7.50, however).

Jeff 12:42 pm on Tuesday, August 22, 2017
Tags: ITMroll ( 83 ), SPXcampaign ( 2,265 )

SPX roll

#SPXcampaign Is this a head-fake rally? Quite possibly. But that has not been the case in the last several volatility spikes. When the market starts going up strongly, it keeps going. So I’m forced to roll this second #ITMroll.

Closed $SPX Aug 25th 2450/2475 call spreads for 8.25. Sold for 16.25 on Aug 14th.
Rolled to Sep 1st 2460/2485 call spreads for 7.85.

Rolled up 10 points for only a minor debit. Will be looking for the direction tomorrow.

Jeff 12:33 pm on Tuesday, August 22, 2017
Tags: VXXGame ( 769 )

Volatility release

#VXXGame Closing some profitable short vol positions:
BTC $SVXY Sep 15th put for .41. Sold for 1.90 on Aug 10th
BTC $UVXY Sep 15th 68 call for .45. Sold for 4.70 on Aug 10th.
BTC $UVXY Sep 15th 91 call for .18. Sold for 1.85 on Aug 17th.
BTC $UVXY Sep 1st 68 call for .15. Sold for 1.50 on Aug 17th.

Jeff 7:38 am on Tuesday, August 22, 2017
Tags: Earnings ( 3,114 )

CRM earnings

#Earnings Sold to open $CRM Aug 25th 90/85 put spreads for 1.00. Bullish trade due to historical perfomance and current trend.
Biggest UP move: 11.7%, Biggest DOWN move: -4.5%, Average move: 5.0%. This trade is -2.4% OTM.

Jeff 7:36 am on Monday, August 21, 2017
Tags: ITMroll ( 83 ), SPXcampaign ( 2,265 )

More SPX

#SPXcampaign. Closed $SPX Aug 23rd 2445/2470 call spreads for 1.15. Sold for 19.50 on Aug 9th as an #ITMroll. Finally out of one… one more to go.

Also, Stopped out of Aug 30th 2425/2400 put spreads for 8.60. Sold for 6.00 last Thursday as a roll. I would normally watch this one longer but I won’t be at my computer most of today. I will look to sell and aggressive roll later this week.

Jeff 7:20 am on Monday, August 21, 2017
Tags: Earnings ( 3,114 ), Rolling ( 462 )

bailing on NVDA

#Earnings #Rolling. BTC $NVDA Sept 15th 160 put for 6.75. Sold last week for 4.00. I will look to replace this when it drops lower or when things calm down. Flat in NVDA.

Jeff 7:17 am on Monday, August 21, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

SPX trades

#SPXcampaign. Closed on GTC order: $SPX Sep 8th 2510/2535 call spreads for .20. Sold for 1.75 on Aug 10th.

#CondorRoll. Sold Aug 28th 2360/2385/2455/2480 iron condors for 4.40, as a roll from a put spread stopped last week. This one will be on a tight leash; one week to expiry.

Sold to Open Sept 25th 2500/2525 call spreads for 1.60, with SPX at 2421.

Jeff 6:23 am on Monday, August 21, 2017

Times the eclipse begins by time zone

In the path, totality will occur approx 1 hour 10 minutes after start of eclipse.

Jeff 6:20 am on Monday, August 21, 2017

Econ Calendar for week of 8/21/17

Jeff 6:09 pm on Friday, August 18, 2017
Tags: SPXcampaign ( 2,265 )

SPX Chart and VIX Indicator have been updated

#SPXcampaign — it’s been awhile since I was able to catch up, but the chart is now up to date. Ask questions anytime.

Jeff 1:00 pm on Friday, August 18, 2017
Tags: Assignment ( 174 ), ContangoETFs ( 446 ), Earnings ( 3,114 ), OptionsExpiration ( 796 ), VXXGame ( 769 )

Options Expiration 8/18/17

#OptionsExpiration #ContangoETFs #VXXGame #Earnings

— Expired w/Max Profit —
DRIP 35 call
UVXY 68 call

— #Assignment —
PLCE 110 puts, taking stock with 108.00 cost basis.

I will check in Monday from our Eclipse campsite in Dallas, Oregon!

Jeff 12:55 pm on Friday, August 18, 2017
Tags: BrokenWingButterfly ( 30 ), Earnings ( 3,114 )

WMT earnings closed

#Earnings BTC $WMT Aug 18th 81.5 puts for 2.09. Sold in the #BrokenWingButterfly for 2.00 on Wednesday. Small loss; could have been a medium winner had I closed on this morning’s peak, but didn’t anticipate such a pullback.

Jeff 10:50 am on Friday, August 18, 2017
Tags: ReverseRoll ( 144 ), SPXcampaign ( 2,265 )

SPX calls sold

#SPXcampaign Sold to Open $SPX Aug 30th 2465/2490 call spreads for 3.25, as a #ReverseRoll from puts stopped earlier today.

Jeff 10:44 am on Friday, August 18, 2017

TOS question

When looking at the options chain and selecting Vertical or Iron Condor, etc, how do I change the width of the spread or wings? Thanks.

Jeff 8:39 am on Friday, August 18, 2017
Tags: ReverseRoll ( 144 )

SPX puts stopped

Bought to close $SPX Sep 14th 2350/2325 put spreads for 2.75. Sold for 1.50 on Monday. Will roll later, likely #ReverseRoll into calls.

Jeff 7:29 am on Friday, August 18, 2017
Tags: VXXGame ( 769 )

UVXY puts

#VXXGame Sold $UVXY Sep 8th 28 puts for 1.10. Very possibly will be breached, but easy to roll.

Plus, cleared a few positions with profits to keep my short volatility volume controllable should things get uglier:
Closed $SVXY Sep 15th 50 put for 1.50. Sold as part of the 100/180 strangles for 18.95 in March.
Closed $SVXY Sep 15th 52 put for 1.65. Sold for 1.90 on 8/10

Jeff 7:19 am on Friday, August 18, 2017
Tags: CondorRoll ( 191 ), ReverseRoll ( 144 ), SPXcampaign ( 2,265 )

SPX puts stopped and call-roll sold

#SPXcampaign STOPPED, closed $SPX Aug 23rd 2410/2385 put spreads for 4.35. Sold as part of a #CondorRoll for 7.15 on Aug 10th. Will roll later.

#ReverseRoll Sold Sep 1st 2465/2490 call spreads for 3.30. This is a roll from put spread stopped yesterday after the closing bell.

Jeff 7:04 am on Friday, August 18, 2017
Tags: SPXcampaign ( 2,265 )

SPX next-day closed

#SPXcampaign Closed $SPX Aug 11th 2420/2395 put spreads for 3.40. Sold yesterday for 2.20. A morning low less than 3 points OTM too close for comfort. Managing three stops, so I got out earlier than I wanted on this current bounce.

Jeff 6:52 am on Friday, August 18, 2017

TICKS holding lower trend channel UP so far

This is something I look at when $SPX is wavering… until TICK trend channel is broken, SPX will likely trickle up.

Now that I finish typing this, to looks like TICK channel is breaking.

Jeff 9:11 pm on Thursday, August 17, 2017

What percentage will you see on Monday?

Jeff 1:11 pm on Thursday, August 17, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

SPX puts stopped

#SPXcampaign Bought to close $SPX Sep 1st 2375/2350 put spreads for 2.90. Sold for 1.30 on July 31st. This hit my 3.00 stop before the close, so I closed it on the bounce after the close. I will roll tomorrow.

Ugly close so I wanted at least one put spread out of the way if we gap down in the morning.

Also after the bell, closed on GTC order: Aug 23rd 2480/2505 call spreads for .20. Sold as part of a #CondorRoll for 7.15 last Thursday.

Jeff 12:45 pm on Thursday, August 17, 2017
Tags: Rolling ( 462 ), VXXGame ( 769 )

SVXY calls closed

#VXXGame Closed $SVXY Sept 15th 90 call for .40. This is the last call I had from the 100/180 strangles I sold for 18.95 back in March. I have one SVXY put remaining. That was sold as a roll, and I got out of most of it at decent prices. But I also rolled some into Sep 15th 77.5 puts, now underwater. #Rolling never ends!

Jeff 12:40 pm on Thursday, August 17, 2017
Tags: BrokenWingButterfly ( 30 ), Earnings ( 3,114 ), LongStock ( 80 )

Earnings Update

#Earnings #LongStock Sold to close some of my $HCA stock for 78.50 and 78.26. I had these on Trail stop orders… I was assigned with cost basis of 82.30. I will ride on with the balance of shares… prefer this smaller position if I have to hold through a correction.

Bought to close $WMT 81.5 calls for .05. Sold the 78.5/81.5/84 #BrokenWingButterfly for 2.00 yesterday. Despite plunging market, WMT has been climbing today. Recovery any higher will turn me a profit.

$PLCE — will be assigned stock via 110 puts expiring tomorrow. I’m okay with that, as I feel it will recover. Stock held steady today, indicating 100 may be a support level.

Jeff 12:32 pm on Thursday, August 17, 2017
Tags: Rolling ( 462 ), SPXcampaign ( 2,265 )

More SPX

#SPXcampaign #Rolling Sold to Open $SPX Aug 30th 2425/2400 put spreads for 6.00. This is a delayed roll from the Aug 2435/2410 put spreads stopped a few days ago. I’ll watch this one closely, or may ride it ITM.

Earlier, closed on GTC order: Sep 8th 2525/2550 call spreads for .20. Sold for 1.55 on Aug 7th.

Jeff 12:14 pm on Thursday, August 17, 2017
Tags: SPXcampaign ( 2,265 )

SPX next-day

#SPXcampaign Looking to sell a put spread expiring tomorrow. Currently eyeing the 2420/2395. However, there’s still 47 minutes left in the day and no bounce seems to be coming. So I’ve also got the 2415/2390 up and watching for best entry before the close.

New multi-week low just hit.

Jeff 11:34 am on Thursday, August 17, 2017
Tags: ShortCalls ( 979 ), VXXGame ( 769 )

VXXGame

#VXXGame #ShortCalls
Sold to Open $UVXY Sep 15th 91 call for 1.85, and Dec 91 call for 8.00

Jeff 10:33 am on Thursday, August 17, 2017
Tags: Experimental, LongPutDiagonals ( 56 ), SyntheticShortStock ( 108 ), VXXGame ( 769 )

VXXGame synthetic

#VXXGame #LongPutDiagonals #SyntheticShortStock
Bought one of @fuzzballl‘s $UVXY trades for 17.20
Bought Jan 2019 30 put for 19.16
Sold Jan 2019 30 call for 23.91
Bought Jan 2019 40 call for 21.95

I did a study a few years back on buying UVXY LEAP puts to profit on the eventual drop. It’s hard to make much because downside can’t go past zero. So assuming a few reverse splits, the max the long puts can earn is 29.99 (with UVXY trading for .01 in today’s prices). Fuzzy’s trade knocks a couple bucks off entry price than buying the put outright.

#experimental

Jeff 10:08 am on Thursday, August 17, 2017
Tags: SPXcampaign ( 2,265 )

SPX trades

#SPXcampaign Sold to Open $SPX Sept 14th 2320/2295 put spreads for 1.60

Closed on GTC order: Sep 1st 2520/2545 call spreads for .20. Sold for 1.55 on Aug 4th.

Jeff 9:56 am on Thursday, August 17, 2017
Tags: VIXIndicator ( 294 )

#vixindicator

Jeff 8:01 am on Thursday, August 17, 2017
Tags: SPXcampaign ( 2,265 )

SPX calls sold

#SPXcampaign This is a roll from spread closed this morning:
Sold $SPX Sept 15h 2500/2525 call spreads for 3.45.

Jeff 7:02 am on Thursday, August 17, 2017
Tags: SPXcampaign ( 2,265 )

SPX calls closed

#SPXcampaign Bought to close $SPX Aug 17th (monthly) 2465 calls for 3.30. Sold as 2465/2490 call spread for 3.85 last Friday.

I was tracking this one for optimal exit. On the spike down I went to adjust my ask lower, but it filled at 3.30 before I could. Happy to be out with small profit since this was trading above 12.00 yesterday.

Jeff 1:30 pm on Wednesday, August 16, 2017
Tags: ContangoETFs ( 446 )

NUGT call

#ContangoETFs Sold $NUGT Dec 51 call for 2.20.

Jeff 11:57 am on Wednesday, August 16, 2017
Tags: BrokenWingButterfly ( 30 ), Earnings ( 3,114 )

WMT earnings

#Earnings #BrokenWingButterfly
Slightly different… Sold $WMT Aug 18th 78.5/81.5/84 broken-wing butterfly for 2.00. Max loss downside is 1.00, max loss upside is .50. With stock at 81.00, can sustain a -1.9% move down and a +3.5% move up and remain profitable. Leans bullish with decent retail reports today from TGT and URBN.
Biggest UP move: 9.6%, Biggest DOWN move: -4.4%, Average move: 3.6%.