Jeff 9:31 am on Wednesday, September 13, 2017
Tags: LongPutDiagonals ( 56 ), VXXGame ( 769 )

Rolling ITM

#VXXGame #LongPutDiagonals Most of us have long known the folly of selling puts on $VXX and $UVXY. It can work during volatile periods but as soon as market drifts higher, these go ITM very quickly. I’m rolling my diagonal weeklys to further dated but still ITM positions. The long term positions are fine, but as @fuzzballl says, these short-term puts won’t always be easy.

Rolled VXX Sep 22nd 45.5 puts to Oct 6th 44 puts for .02 credit
Rolled UVXY Sep 22nd 29 puts to Oct 6th 27.5 puts for .15 credit.

Jeff 12:10 pm on Tuesday, September 12, 2017
Tags: CondorRoll ( 191 ), Rolling ( 465 ), SPXcampaign ( 2,265 )

SPX rolls

#SPXcampaign
Closed: Sep 18th 2495/2520 call spreads for 5.30. Sold in a #CondorRoll for 6.75 on Sep 1st.
#Rolling: Sold Sep 25th 2510/2535 call spreads for 3.50.
Selling Sep 22nd 2470/2445 put spreads for 2.50 (no fill yet)

Closed: Oct 6th 2520/2545 call spreads for 3.70. Sold for 1.70 on Sep 5th.
#CondorRoll: Sold Sep 15th 2455/2480/2505/2530 condors for 3.95. Trying to thread the needle for expiry on Friday.

Jeff 7:14 am on Tuesday, September 12, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

SPX close and roll

#SPXcampaign I closed this yesterday afternoon and sold the roll this morning:

STOPPED: $SPX Oct 4th 2515/2540 call spreads for 3.60. Sold for 1.45 last Thursday.
#CondorRoll: Sold Oct 11th 2385/2410/2535/2560 condors for 3.75.

Also: In pre-market, sold Sept 13 2490/2465 put spreads for 2.45. Expires tomorrow.

Jeff 7:10 am on Tuesday, September 12, 2017
Tags: ShortStrangles ( 716 )

REGN closed call

#ShortStrangles BTC $REGN 530 call for .20. Sold in the 430/530 strangle for 7.40 on Aug 23rd. My mistake was not closing the put during the rally above 500. I’m not going to roll the call down with the stock so low. If it rallies in the next week or so, I may sell a new call.

Jeff 7:07 am on Tuesday, September 12, 2017
Tags: Assignment ( 174 ), Earnings ( 3,114 ), LongStock ( 80 )

BBY stock for sale

#Earnings #Assignment #LongStock
Sold shares of $BBY for 56.50, and 56.75. Cost basis 56.44 from 57.5 put assignment on 9/1.

Covered Call premium not attractive enough to play with this one. I don’t trust the business either with Amazon devouring all retail in sight. Will sell out of remaining shares as it moves up or down from here.

Jeff 6:39 am on Tuesday, September 12, 2017
Tags: SPXcampaign ( 2,265 )

SPX update

#SPXcampaign Rough day yesterday, not just because the market went against me but also because TOS has decided to crap out on my PC, freezing my trading at various points yesterday. Now I’ve got it up on my Mac and it’s running smoothly.

Too many stops and rolls to count yesterday. I’m weathering this drawdown as the last one… getting pretty short the market and holding it until we get a pullback. New all-time highs this morning and VIX plunging… I will be truing some short term put spreads as well as the rolls.

Any questions please forward them. I should post an updated chart tonight, but too many trades to type in here.

Jeff 12:51 pm on Monday, September 11, 2017
Tags: LongPutDiagonals ( 56 ), VXXGame ( 769 )

VXX puts

#VXXGame #LongPutDiagonals
Sold $VXX Sept 22nd 44 puts for .73. Also short 47 and 45.5 puts. If rally continues tomorrow I will be looking to roll.

Jeff 6:53 am on Monday, September 11, 2017
Tags: SPXcampaign ( 2,265 )

SPX calls sold

#SPXcampaign Sold to Open $SPX Oct 13th 2535/2560 call spreads for 1.50.

Two weekends in a row I got caught on the wrong side. Leaned bearish going into the weekend. It was NOT an Irma bet… I feel the market is still weak. But it seems weekend news (Korea then Irma) is highly influencing Monday action.

Jeff 5:45 am on Monday, September 11, 2017

Econ Calendar for week of 9/11/17

Jeff 10:09 pm on Sunday, September 10, 2017

SPX Chart and VIX Indicator…

SPX Chart and VIX Indicator have been updated

Jeff 1:02 pm on Friday, September 8, 2017
Tags: Earnings ( 3,114 ), LongPutDiagonals ( 56 ), OptionsExpiration ( 796 ), VXXGame ( 769 )

Options Expiration 9/8/17

#OptionsExpiration #Earnings #VXXGame #LongPutDiagonals

— Expiring —
RH 36 puts
UVXY 28 & 29 puts

To Bistro-ites in Florida… stay safe!

Jeff 1:00 pm on Friday, September 8, 2017
Tags: LongPutDiagonals ( 56 ), VXXGame ( 769 )

VXX Game

#VXXGame #LongPutDiagonals
Sold $VXX Sep 22nd 47 puts for 1.57
Sold $UVXY Sep 22nd 29 put for 1.59
BTC $SVXY Oct 20th 68 put for 3.85. Reducing exposure. Sold for 5.55 on Aug 23rd.

Jeff 12:28 pm on Friday, September 8, 2017
Tags: RiskReversal ( 86 ), SPXcampaign ( 2,265 )

SPX going bearish

#SPXcampaign Making several moves to bear myself up.

Sold to Open $SPX Sep 13th 2465/2490 call spreads for 7.65. This is a spread I sold Tuesday, covered yesterday, and now I’m selling again. Sounds nuts, but I really look at opportunities on a day to day basis. Each day told me something different in this uncertain market. Other than the commissions, I have no qualms about appearing erratic at times.

#RiskReversal Bought put spreads in two different expiries and sold one call spread to cover cost of both (almost). They are all different widths, based on what I expect to be able to profit, and what premium I want to spend.
Bought to open Sep 15th 2420/2405 put spreads for 1.25 (15 puts)
Bought to open Sep 29th 2400/2380 put spreads for 1.90 (20 puts)
Sold to Open Sep 29th 2500/2525 call spreads for 2.75 (25 puts)

Jeff 11:42 am on Friday, September 8, 2017
Tags: Market ( 69 )

Correction ahead?

Wall Street strategist Tom Lee sees the S&P 500 falling 5% in the next 30 days

#Market I rarely post CNBC talking heads, but this guy is always sensible and rarely wrong.

https://www.cnbc.com/2017/09/08/fundstrat-strategist-tom-lee-sees-the-sp-500-falling-5-percent-in-the-next-30-days.html

Jeff 1:00 pm on Thursday, September 7, 2017
Tags: SPXcampaign ( 2,265 )

SPX trades

#SPXcampaign Closed $SPX Sep 8th 2450/2425 put spreads for .75. Sold last week for .75, as part of a Risk/Reversal. Closed the long 2480/2495 spread for .20.

Sold to Open Oct 4th 2515/2540 call spreads for 1.45. Used the Wednesday series since Oct 6th is crammed with too many spreads already.

Jeff 10:20 am on Thursday, September 7, 2017
Tags: LongPutDiagonals ( 56 )

VXX puts sold

#LongPutDiagonals Same deal as below with $VXX…

Sold VXX Sep 22nd 45.5 puts for 1.19. This is against my Jan 2019 position (long 20 puts, short 50/60 call spreads). I only sold three so I leave myself open to selling more, since my position is a 10-lot.

Jeff 10:00 am on Thursday, September 7, 2017
Tags: Rolling ( 465 ), SPXcampaign ( 2,265 )

SPX roll

#SPXcampaign Closing a reverse roll I sold on Tuesday’s drop. Don’t have any idea which way we’re headed but I’m leaning on the downside.

Closed $SPX Sept 13th 2465/2490 call spreads for 9.25. Sold for 6.75 on Tuesday
#Rolling
Sold Sep 18th 2445/2420 put spreads for 3.00
Sold Sep 25th 2480/2505 call spreads for 6.30

Jeff 9:57 am on Thursday, September 7, 2017
Tags: LongPutDiagonals ( 56 )

UVXY put

#LongPutDiagonals Sold $UVXY Sep 22nd 29 put for 1.85. This is against my Jan 2019 position (long 30 puts, short 30/40 call spreads). It is replacing the Sep 8th 29 puts expiring tomorrow. I only sold one so I leave myself open to selling another, since my position is a 2-lot.

Jeff 8:25 am on Thursday, September 7, 2017
Tags: ContangoETFs ( 446 )

NUGT and DUST

#ContangoETFs

Sold $NUGT Nov 17th 60 call for 2.10
Closed $DUST Dec 50 call for .20. Sold for 4.75 on July 7th.

Jeff 7:39 am on Thursday, September 7, 2017
Tags: Earnings ( 3,114 ), PerpetualRollingStrangles ( 116 ), StrangleRoll ( 49 )

Like a friend who stays longer than you expected…

#Earnings #StrangleRoll Looks like I am committing to a longer term relationship with $RH. Not happy about my sloppy exit, but what’s done is done.

BTC RH Sep 8th 64.5 calls for 7.05
STO RH Oct 20th 65/75 strangles for 6.70. Sold an extra 65 put for 3.90, to give me a roll credit of .43 on the whole trade. I will manage this similarly to #PerpetualRollingStrangles

Jeff 6:42 am on Thursday, September 7, 2017
Tags: ShortStrangles ( 716 )

REGN dropped

#ShortStrangles I guess not adjusting is working out for my Sep 29th 430/530 strangle.

Jeff 6:40 am on Thursday, September 7, 2017
Tags: Earnings ( 3,114 )

RH earnings blowout

#Earnings Sold 64.5 calls, 28% OTM… and got slammed. Up 43%! The previous day-after earnings max intraday move was only 27%. Considering options to roll.

Jeff 10:20 am on Wednesday, September 6, 2017
Tags: Earnings ( 3,114 ), ShortStrangles ( 716 )

RH earnings

#Earnings #ShortStrangles
Sold each side separately: $RH Sep 8th 36 puts for .50, and 64.5 calls for .60. Over last 12 earnings, the 3-day moves: Biggest UP move: 21.7%, Biggest DOWN move: -26.4%, Average move: 11.4%. My strikes are each about 28.4% OTM.

Jeff 10:16 am on Wednesday, September 6, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

SPX roll

#SPXcampaign I rolled this one earlier as the downside risk is too great this close to expiration.
Bought to close $SPX Sep 8th 2480/2455 put spreads for 13.50. Sold last week for 6.80.
#CondorRoll Sold to Open Sep 20th 2435/2460/2485/2510 condors for 10.50, 1.33x position size.

EDIT: I closed PUT spreads, not call spreads.

Jeff 12:14 pm on Tuesday, September 5, 2017
Tags: SPXcampaign ( 2,265 )

SPX calls sold

#SPXcampaign Sold to Open $SPX Oct 6th 2520/2545 call spreads for 1.70.

Jeff 11:07 am on Tuesday, September 5, 2017
Tags: CondorRoll ( 191 ), ReverseRoll ( 144 ), SPXcampaign ( 2,265 )

SPX reverse roll

#SPXcampaign Bought to close $SPX Sep 18th 2455/2430 put spreads for 7.65. Sold in a #CondorRoll for 6.75 on Friday.
#ReverseRoll Sold Sep 18th 2465/2490 call spreads for 8.00.

Jeff 9:26 am on Tuesday, September 5, 2017
Tags: ReverseRoll ( 144 ), SPXcampaign ( 2,265 )

SPX reverse roll

#SPXcampaign Bought to close $SPX Sep 13th 2455/2430 put spreads for 6.60. Sold for 4.70 last Thursday as a roll.
#ReverseRoll: Sold $SPX Sep 13th 2465/2490 call spreads for 6.75. Was able to move up 10 points and still get a credit on the roll.

Jeff 9:16 am on Tuesday, September 5, 2017
Tags: VIXIndicator ( 294 )

Downside Warning!

#VIXIndicator — Downside warning is in effect.
That was quick.

Jeff 9:07 am on Tuesday, September 5, 2017
Tags: SPXcampaign ( 2,265 ), VIXIndicator ( 294 )

Downside Signal fired

#SPXcampaign #VIXIndicator It is a rare occurrence for a new downside signal to fire so soon after a previous Warning was canceled, but it just happened today. If VIX reaches 13.26, we’ll have a full-fledged Downside Warning.

Jeff 7:43 am on Tuesday, September 5, 2017
Tags: ContangoETFs ( 446 )

NUGT call

#ContangoETFs Sold $NUGT Mar 16 2018 60 call for 5.50. Highest strike.

Jeff 7:09 am on Tuesday, September 5, 2017
Tags: LongPuts ( 144 ), VXXGame ( 769 )

VXX long game

#VXXgame #LongPuts
Added some more to Friday’s $VXX position and also threw out a few different strikes. These are just straight purchases, not paid for by selling call spreads.

Bought VXX Jan 2019 20 puts for 1.75, adding to my position.
Bought VXX Jan 2019 15 puts for .60
Bought VXX June 2018 25 put for 1.32

Will add more. Barring a 2008-style multi-month correction, these will profit easily.

Jeff 7:05 am on Tuesday, September 5, 2017
Tags: Earnings ( 3,114 )

SRPT position closed

#Earnings BTC $SRPT Sep 15th 35 put for .20. Sold for 1.20 on July 27th. Overall a losing trade from the original iron condor, since I took a loss on half at expiration. The second half fared better by covering the short stock at lower prices, but not enough to make up for the first half.

Jeff 6:59 am on Tuesday, September 5, 2017
Tags: Assignment ( 174 ), CoveredCalls ( 2,209 ), Earnings ( 3,114 ), LongStock ( 80 )

PLCE stock sold

#Earnings #Assignment #LongStock
Sold to close one-fourth of my $PLCE stock position at 108.50. Assigned on Aug 11th with 108.00 cost basis. Holding the rest with #CoveredCalls already established.

Jeff 6:40 am on Tuesday, September 5, 2017
Tags: SPXcampaign ( 2,265 )

SPX puts sold

#SPXcampaign Sold to Open $SPX Oct 6th 2355/2330 put spreads for 1.55.

Jeff 5:59 am on Tuesday, September 5, 2017

Econ Calendar week of 9/4/17

Jeff 1:09 pm on Friday, September 1, 2017
Tags: Assignment ( 174 ), Earnings ( 3,114 ), OptionsExpiration ( 796 )

Options Expiration 9/1/17

#OptionsExpiration #Earnings #Assignment

Only one this week:
Assigned stock on $BBY 57.5 puts

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

VXX long game

#VXXGame #LongPutDiagonals

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 ( 465 ), 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.