Click “Home/REFRESH” above to update.
Author Archives: Jeff
SPX trade in progress
#SPXcampaign Took advantage of the post-Fed volatility to close an ITM call spread and sell an extra put spread. Looking to sell a new ITM call spread on the rally into the close.
Bought to close $SPX June 21st 2400/2425 call spreads for 20.50. Sold for 19.30 last Wednesday as an #ITMroll
Sold to Open SPX June 26th 2400/2375 put spreads for 2.00.
Order in to sell SPX June 28th 2405/2430 call spreads for the most I can get before 4:15p ET
SPX puts sold
#SPXcampaign Sold to Open $SPX July 14th 2350/2325 put spread for 1.45. I was trying to get filled on much lower spreads on Monday, but didn’t happen. I need to get more aggressive on the down days because they seem to be few and far between.
Develop a Trading plan – free webcast
http://www.cboe.com/education/webcasts
http://www.cboe.com/education/webcasts
SPX Chart and VIX Indicator are updated
Click “Home/REFRESH” above to update
SPX ITM roll
#SPXcampaign Bought to close $SPX June 19th 2415/2440 call spreads for 18.75
Sold to Open SPX June 26th 2420/2445 call spreads for 17.25, also added:
Sold to Open SPX June 23rd 2465/2490 call spreads for 1.80
SPX calls closed
#SPXcampaign Bought to close $SPX June 26th 2490/2520 call spreads for .20. Sold as part of #CondorRoll for 3.60 on June 2nd.
VXX Game
#VXXGame Sold these near the open:
STO SVXY June 16th 120 put for 1.00
STO SVXY June 16th 115 put for .85
STO SVXY June 16th 105 put for .40
SPX calls spreads sold
Sold to Open $SPX July 14th 2485/2510 call spreads for 1.90. #SPXcampaign
Econ Calendar for week of 6/12/17
SPX chart and VIX Indicator…
SPX chart and VIX Indicator have been updated
Click “Home/REFRESH” above to update
SPX calls sold (no expirations)
#SPXcampaign Right before the bell, Sold to Open $SPX June 23rd 2450/2475 call spreads for 4.50.
SPX puts stopped
#SPXcampaign Unfortunately my order to close for .20 did not fill this morning, so ended up having to stop this spread that became ATM and too risky to hold through the weekend.
Bought to close $SPX June 12th 2425/2400 put spreads for 4.10. Sold for 3.30 on June 2nd.
FB covered call mgt
#Earnings #CoveredCalls
BTC $FB June 16th 150 call for 1.35. Sold for 3.75 on May 24th. Will look to reload at a higher strike.
Reversal-mania!
#Market Entertaining to watch…
After hitting a 24-year low, VIX now up +18%
After hitting an all time high, Nasdaq now down over 3%
After hitting all time hign, SPX down over half a percent… interesting but not the +3% of NDX
After hitting all-time high, RUT only now went negative.
SPX trades
#SPXcampaign Bought to close $SPX June 23rd 2455/2480 call spread for 5.35. Sold for 4.80 on Tuesday. Will roll.
Sold to Open SPX July 7th 2360/2335 put spreads for 1.30 (standard campaign trade)
Sold to Open SPX June 23rd 2400/2375 put spreads for 1.75 (partial roll, looking to add a higher call spread if we rally into close)
Bought to close SPX June 14th 2390/2365 put spreads for .20. Sold for 5.00 on May 24th (the day the Upside Warning fired)
PANW mgt
#Earnings #CoveredCalls Sat through its jaunt to the low teens and now managing ITM covered calls, plus one naked call, at 130 and 135.
On Wednesday: BTC PANW June 16 & 23rd 110 puts for .05. Sold for 3.30 and 2.65 in May.
Today: BTC PANW June 16th 130 put for .35. Sold for 15.30 on May 19th, a roll of a roll from busted earnings trade.
STO July 21st 130 put for 2.20
NVDA roll
#Rolling Nice gap fill today… waited for it to go negative then stole @fuzzballl‘s idea on a #ReverseSpreadRoll (a new hashtag!)
Bought to close $NVDA July 21st 150 call for 13.05. Sold for 4.50 on May 19th.
Sold to Open NVDA July 21st 175/145 put spread for 17.00
SPX calls stopped
#SPXcampaign Upside Warning doesn’t want to quit. Stopping with a small loss in this extra spread I sold on Wednesday. Will consider rolls later today.
Bought to close $SPX June 14th 2450/2475 call spreads for 4.95. Sold for 3.50 on Wednesday.
…and… a new 24-year low…
…and… a new 24-year low on the VIX
SPX calls sold
#SPXcampaign Sold to Open $SPX July 7th 2490/2515 call spreads for 1.40.
New multi-year VIX low
Today’s low (so far) of 9.43 isn’t much above the 2007 low of 9.39, and all-time low of 9.31 from 1993.
SPX Chart and VIX Indicator have been updated
Be sure to periodically click “Home/REFRESH” (above) to keep right-column features updated.
NVDA freight train
#Earnings #Rolling
Made these trades on today’s obvious bullish action:
BTC NVDA June 30th 150 call for 7.75. Sold for 3.00 on May 24th
STO NVDA June 16th 152.5 put for 2.65 (ATM)
STO NVDA July 21st 160 put for 10.50 (ITM)
STO NVDA Aug 18th 180 call for 4.40
Also still short the July 21st 150 call, which I hope to roll on a pullback but may get stuck further ITM.
SJM earnings closed
#Earnings Bought to close $SJM June 16th 130 straddle for 3.00. Sold yesterday as the 120/130/140 #IronButterfly for 5.25. This leaves long lottery tickets at 120 and 140, but otherwise risk is off with 2.25 profit.
SPX puts closed
#SPXcampaign Bought to close $SPX June 9th 2390/2365 put spreads for .20. Sold for 2.25 on May 30th.
THO earnings closed
#Earnings Bought to close $THO June 16th 110 calls for .20. May close the 80 puts for .05 or allow to expire. Strangle sold for .97 on Monday.
NVDA got past 150
That didn’t take long. Now I got to roll a couple calls.
SPX calls sold
#SPXcampaign Taking a chance and selling short-term near-the-money call spreads… feels like we’re hitting against resistance and may get some pull back. If I’m wrong, it’s just another one I will be rolling. My account is heavier in put spreads so this helps margin-wise.
Sold to Open $SPX June 14th 2450/2475 call spreads for 3.50.
SPX trades
#SPXcampaign #ITMroll
Bought to close $SPX June 14th 2395/2420 call spreads for 19.20. Sold for 15.80 on May 31st.
Sold to Open SPX June 21st 2400/2424 call spreads for 19.30.
Was able to close the first one at the lows of the day, then wait for the bounce to get filled on the new one, 5 points higher and for .10 more.
Also, closed June 23rd 2290/2265 put spreads for .35. Sold for 1.35 on May 23rd.
SJM earnings
#Earnings Sold to Open $SJM June 16th 120/130/140 #IronButterfly for 5.25. Biggest UP move: 7.9%, Biggest DOWN move: -8.1%, Average move: 3.7%. Breakevens at expiration are +/- 4.0% OTM.
PLAY play played
#Earnings Bought to close $PLAY June 16th 65 puts for .15. Sold yesterday for 1.50.
SNAP stock
#LongStock #AfterHours
Sold to close $SNAP long stock for 20.14. Bought for 17.45 (avg price) after hours on earnings day, May 10th. Struggling a bit at this level so I’m dumping it. Don’t often trade shares this way but it seemed like a good buy, and it was!
SPX trades
#SPXcampaign Sold to Open $SPX July 7th 2485/2510 call spreads for 1.55. Working on selling a put spread, too.
STOPPED: Bought to close $SPX June 16th (Friday PM) 2445/2470 call spreads for 4.75. Sold for 2.35 on May 31st. This one filled at 4am during the SPX overnight lows. That gave me the opportunity to roll to higher call spread with no increase in size:
#Rolling: Sold SPX June 23rd 2455/2480 call spreads for 4.80.
PLAY earnings
#Earnings Playing PLAY with BULLISH sentiment, trading with the trend.
Sold $PLAY June 16th 65 puts for 1.50.
13-DAY moves: Biggest UP move: 24.0%, Biggest DOWN move: -13.2%, Average move: 11.0%. This trade is -6.4% OTM.
SPX trades today
#SPXcampaign The morning did not fill me on July 7th spreads I was trying for and then the afternoon was too flat. Will try tomorrow. I made an #ITMroll today:
Bought to close $SPX June 12th 2410/2435 call spreads for 19.65. Sold as part of a #CondorRoll for 7.55 on May 19th.
Sold to Open SPX June 19th 2415/2440 call spreads for 16.40, and June 19th 2400/2375 put spreads for 2.05. Fell a buck short on a breakeven roll since the market took a dive into the close.
THO earnings
#Earnings Not one I’ve traded before but premium decent enough within historical range.
Sold $THO June 16th 80/110 strangles for .97. Over last 12 earnings reports, its 13-DAY moves: Biggest UP move: 16.3%, Biggest DOWN move: -14.9%, Average move: 6.1%. These strikes are +17.8% and -14.3% OTM.
Econ Calendar for week of 6/5/17
Click “Home/REFRESH” periodically to keep Bistro features updated.
Options Expiration 6/2/17
#OptionsExpiration #Earnings #CoveredCalls
— Expiring —
AVGO 230/225 put spreads
— Assignment —
PANW 130 call, releasing some of my stock, cost basis 128.36
VMW update
#Earnings Sold to close $VMW June 2nd 92.5 call for 3.30. Seems to have petered out so sold one, leaving the other for another hour. Also was filled by selling one of the 100 calls for .05. This was bought as a butterfly yesterday for 1.90, so 1.45 profit on this half.
SPX trades
#SPXcampaign Sold to Open $SPX June 12th 2425/2400 put spreads for 3.30, as a roll for previously stopped spreads. This is not very far OTM, but short term so theta decay should be quick as long as their is no dive in the market on Monday/Tuesday.
Stopped: Closed June 23rd 2465/2490 call spreads for 3.50. Sold for 1.85 on May 25th,
#CondorRoll: Sold June 26th 2360/2390/2490/2420 condors for 3.60. Went 30-wide since there is no 2515 strike for this expiry.
Drippity drop up
#ContangoETFs Filled yesterday on $DRIP Sept 35 call for 1.35
Just added now: Sold DRIP July 21st 30 call for 1.35
Earnings flurry: CIEN, VMW, AZO
#Earnings #LongStraddle Sold to close $CIEN June 2nd 23.5 call for 4.10. Bought long straddle for 1.95 on Wednesday, sold one call yesterday for 3.90, the other today for 4.10. A double!
VMW 92.5/97.5/100 call butterfly bought yesterday for 1.90. Long 92.5 calls going for 3.00 now. On watch for hopefully higher into the close.
Bought to close AZO June 16th 560 put for .35. Sold for 2.35 on May 22. Still short the 610 puts but looking good to get out before expiration.
SPX stopped
#SPXcampaign Bought to close $SPX June 9th 2440/2465 call spreads for 4.60. Sold for 1.40 on May 12th. Not rolled yet.
Also, bought to close SPX June 12th 2340/2315 put spreads for .20. Sold as part of a #CondorRoll for 7.55 on May 19th. The call half is ITM and will be an #ITMroll until the next pull back.
CIEN on a rally, VMW hovering
#Earnings I’m riding my last CIEN 23.5 long call, trying to top pick.
VMW settling nicely in profit zone… the closer to 97.5 the better.
AVGO an easy winner.
SPX trades yesterday and this morning
#SPXcampaign We got another push higher so some stops were hit.
STOPPED: Closed $SPX June 14th 2440/2465 call spreads for 4.90. Sold for 2.35 on May 30th.
#CondorRoll (legs sold separately):
Sold SPX June 21st 2360/2385 put spreads for 2.45
Sold SPX June 21st 2460/2485 call spreads for 2.55
STOPPED: Closed June 30th 2460/2485 call spreads for 4.85. Sold for 1.75 on Tuesday.
#Rolling: Sold SPX Aug 18th 2500/2525 for 4.50 (usually don’t go out this far, but I’m mixing things up)
Sold to Open SPX June 30th 2345/2320 put spreads for 1.50, with SPX at 2430.
All of the following closed on GTC orders:
June 15th 2265/2240 put spreads for .20. Sold for 1.40 on May 17.
June 7th 2390/2365 put spreads for .50. Sold as part of an #IBroll, 5.95 for the put side on May 22.
June 15th 2275/2250 put spreads for .20. Sold for 1.35 on May 19.
VMW earnings
#Earnings #BrokenWingButterfly
This recently fired long from a daily squeeze, the chart looks bullish, and there is high open interest on the 97.5 calls. So I bought this broken-wing butterfly, which profits on any move up, no matter how high (although max profit is at 97.50). Downside max risk is purchase price of 1.90.
Bought to open $VMW June 2nd 92.5/97.5/100 call butterflys for 1.90.
Here is the trade and risk profile:
SPX trades
#SPXcampaign
Bought to close $SPX June 5th 2375/2350 put spreads for .20. Sold for 2.85 on May 23rd.
Sold to Open SPX June 30th 2475/2500 call spreads for 1.40, with SPX at 2422.
Upside Warning comes through again
#VIXIndicator Here we go with the second surge of this Upside Warning, and a day after my long call spread expired, of course. Once again I did not put enough conviction in it, since I failed to put a new long call spread on during yesterday’s lows. I will get the timing and expiration date right someday!
AVGO earnings
CIEN earnings
#Earnings Looks like the #LongStraddle will return at least a small profit. Going to sell half near the open and hold the other half and watch.
SPX Chart and VIX Indicator are updated
Click “Home/REFRESH” above to update right-column features
PANW patience
#Earnings #Rolling #CoveredCalls #StockTrades
Relieved to see a big spike UP in this one, reverse of last quarter’s spike down. This should pay off holding the underwater position for three months. (sorry, @fuzzballl)
SPX ITM roll
#SPXcampaign #ITMroll Rolling the call spread from the #IBroll I made on May 22nd.
Bought to close $SPX June 7th 2390/2415 call spreads for 17.90. This half sold for 12.15 on May 22.
Sold to Open $SPX June 14th 2395/2420 call spreads for 15.80.
To make up for the debit on the roll, I added another call spread, since I am too heavy in put spreads at the moment and it seems as if upside momentum is waning.
Sold to Open SPX June 16th (Friday PM) 2445/2470 call spreads for 2.35.
SPX calls sold
#SPXcampaign Spent the morning until now trying to coax a good fill for the 2465/2490 spread, but managed to miss every chance. Finally threw in the towel to get a position on.
Sold to Open $SPX June 30th 2460/2485 for 1.75, with SPX at 2407.
PANW covered calls
#Earnings #CoveredCalls I am long stock from a busted earnings trade last quarter. I also have:
June 16th 110 put
June 16th 130 put (ITM)
June 23rd 110 put
I previously sold the June 16th 130 call for 1.80, and added these today:
June 2nd 130 call for 1.20
June 16th 135 call for 1.00
July 21st 135 call for 1.50
CIEN earnings
#Earnings #LongStraddle
Bought $CIEN June 2nd 23.5 calls for 1.05. Order in to buy June 2nd 23.5 puts for .90. Biggest UP move: 18.4%, Biggest DOWN move: -18.0%, Average move: 9.8%. This trade will need an 8-9% move to break even.
NVDA mgt & earnings today
#Earnings BTC $NVDA June 16th 125 puts for .24. Sold for 2.50 on May 17th.
Looking at some covered calls for PANW going into earnings tonight.
Also a long straddle in CIEN, since it averages a 10% move on earnings.
SPX Chart and VIX Indicator…
SPX Chart and VIX Indicator are updated
SPX trades
#SPXcampaign Sold some extra spreads. These each offset existing spreads in the same expiration to create iron condors:
Sold $SPX June 9th 2390/2365 put spreads for 2.25
Sold $SPX June 14th 2440/2465 call spreads for 2.90
#OptionsExpiration
Expiring today is the May 30th 2420/2395 put spread. With a close at 2414, the 2420 put will exercise for 6.00, which will debit from my account overnight. This spread was sold for 9.25 last Thursday, so approximately 3.25 profit.
AMZN reaches 1,000
Thought I’d look up and post the prices of the big ones if they had NEVER split:
AMZN, 3 splits, unadjusted price today: 12,000
GOOGL, 1 split, unadjusted price today: 1,990
AAPL, 4 splits, unadjusted price today: 8,568
NFLX, 2 splits, unadjusted price today: 2,296
XOM, 5 splits, unadjusted price today: 2,592
MSFT: 9 splits, unadjusted price today: 20,160
PCLN, TSLA, FB, no splits
SPX puts sold
#SPXcampaign Sold to Open $SPX June 30th 2310/2285 put spreads for 1.35, with SPX at 2412.
Econ Calendar for week of 5/29/17
JOBS report is on Friday
After close trade:
#SPXcampaign Sold half of this position with small profit; holding the other half for the possible rally Tue/Wed
Sold to close $SPX May 31st 2425/2445 call spreads for 1.30. Bought for .80 on Wednesday.
Options Expiration and final trade
#SPXcampaign I was going to let this expire but forgot I had put an order in this morning to close it.
BTC $SPX March 26th 2415/2390 put spreads for .50. Sold for 5.20 yesterday.
#OptionsExpiration #VXXGame only one…
Expired with full profit: SVXY 85 puts, sold May 17th for .40
Have a great holiday weekend everyone!
PANW rolling
SPX puts sold
#SPXcampaign Sold to Open $SPX June 23rd 2325/2300 put spreads for 1.35.
SPX chart is updated
#SPXcampaign So much excitement it took two links to fit it all in. Be sure to click “Home/REFRESH” above to update right-column features.
GOOGL and AMZN
Both stocks pushed for 1000 today but fell short. Probably an expect more push tomorrow which should keep the market buoyed. FB, NFLX, and AAPL also strong.
SPX trades today:
#SPXcampaign $SPX Long list:
Closed for 80-90% of max profit:
June 9th 2255/2235 put spreads for .20
June 2nd 2320/2295 put spreads for .25
May 31st 2360/2335 put spreads for .20
May 30th 2370/2345 put spreads for .20 (on this one I closed some shorts-only for .65 and left the long puts; since my account is heavier on short put spreads, long puts are favorable to margin)
Stopped: June 2nd 2410/2435 call spreads for 8.60. Sold in a #CondorRoll for 4.90 last Thursday.
#ReverseRoll: Sold May 30th 2420/2395 put spreads for 9.25. First time I’ve tried this: ITM put spread above all-time highs, when SPX was at 2411.
#ReverseRoll for previously stopped spreads: Sold May 26th 2415/2390 put spreads; expire tomorrow (hopefully).
Stopped: June 23rd 2450/2475 call spreads for 4.35. Sold for 1.70 on Monday. (not yet rolled)
Stopped: June 23rd 2445/2470 call spreads for 4.65. Sold for 2.70 on Tuesday.
#CondorRoll: Sold June 30th 2315/2340/2470/2495 condors for 4.55
And for a standard weekly spread: Sold June 23rd 2465/2490 call spreads for 1.85
SPX trades yesterday
#SPXcampaign $SPX My apologies for posting trades late. It has been a hectic week after being head-faked on the 17th. Since the Upside Warning I have been aggressively getting long for the short-term.
Yesterday:
Closed June 2nd 2290/2265 put spreads for .20. Sold for 1.40 on May 2nd.
Stopped: June 7th 2400/2425 call spreads for 9.00. Sold for 4.10 on May 17th.
Stopped: June 9th 2415/2435 call spreads for 5.30. Sold as part of a #CondorRoll for 3.10 on May 17th.
#ReverseRoll: Sold June 14th 2390/2365 put spreads for 5.00.
#ReverseRoll: Sold June 16h 2390/2365 put spreads for 5.40.
#LongCallSpread: Bought May 31st 2425/2445 call spreads for .80. Designed to take advantage of the possible strong move up after the Upside Warning fires. So far, so good today.
I’ll post today’s trades in a bit.
NUGT and DUST closures (+ one for FB)
#ContangoETFs Closed up a few with decent profit to clear the slate for new sales. Focussed mostly on short calls on both; puts riskier in these downward racing dogs.
BTC DUST June 9th 47 calls for .05. Sold for 1.25 on Apr 27th
BTC DUST June 16th 24/47 strangles for .65. Sold for 2.85 on Apr 26th
BTC NUGT June 16th 51 call for .16. Sold for 1.05 on May 17th
#Earnings #CoveredCalls #StockTrades
STO FB June 16th 150 call for 3.75. #Rolling for 100 shares I plan to keep longer term, as practice in managing covered calls on an up trending stock.
Upside Warning in effect
The #VIXindicator has been updated. Accordingly, we’re looking to open at new all-time highs on SPX. I have been rolling call spreads back into put spreads.
Click “Home/REFRESH” above to keep right-column features updated.
Upside Warning, SPX all-time closing high
#VIXIndicator As if we needed more confirmation that this market is bullish.
Fed Minutes just released
Fed Minutes just released
Options Bistro 