#Earnings #ShortPuts #ShortStrangles
Closed $CHTR May 5th 325/370 strangles for .50. Sold on Monday for 2.30.
Closed $DPZ May 19th 165 puts for .10. Sold last week for 1.10.
Author Archives: Jeff
FB friending earnings
#Earnings #ShortPuts I have orders in to leg into short puts, $FB May 5th 148 and 147, on the morning weakness. If we rally into the afternoon I will consider (much further out) calls.
I am bullish on the report but also willing to take assignment.
Over last 12 reports: Biggest UP move: 15.5%, Biggest DOWN move: -6.1%, Average move: 4.6%.
GRPN earnings
#Earnings Trying the rare #LongStraddle trade for a stock that tends to move big on earnings:
Bought $GRPN March 5th 4.00 straddles for .60. Biggest UP move: 29.0%, Biggest DOWN move: -26.3%, Average move: 16.7%. Breakevens are +/-15% OTM.
earnings on TAP
#Earnings Sold to Open $TAP May 5th 92/95/98 #IronButterfly for 2.00. Max loss 1.00. Biggest UP move: 5.8%, Biggest DOWN move: -4.1%, Average move: 2.5%. Breakevens are +/-2.1% OTM at Friday expiration..
SPX puts sold
#SPXcampaign Sold to Open $SPX June 2nd 2290/2265 put spreads for 1.40, with SPX at 2386.
SPX and SVXY trades yesterday
#SPXcampaign
Bought to close $SPX May 18th 2210/2185 put spreads for .20. Sold for 1.35 on Apr 21st.
Expired: SPX May 1st 2380/2355 put spreads. Sold for 4.65 last Tuesday.
#VXXGame
BTC SVXY May 19th 85 put for .15. Sold for 1.28 on Apr 21st.
BTC SVXY June 16th 75 put for .30. Sold for 3.40 on Feb 23rd.
CMI earnings
#Earnings Sold $CMI May 5th 140/160 strangles for 1.00. Biggest UP move: 7.6%, Biggest DOWN move: -8.7%, Average move: 4.1%. These strikes are +5.3% and -7.9% OTM.
SPX calls sold
#SPXcampaign Sold to Open $SPX June 2nd 2450/2475 call spreads for 1.40. Going for higher now (or you can go for the 2455 short).
CHTR earnings
#Earnings Sold $CHTR May 5th 325/370 strangles for 2.30 (each side sold separately for 1.15). Biggest UP move: 9.2%, Biggest DOWN move: -7.9%, Average move: 3.6%. My strikes are +7.2% and -5.8% OTM.
Econ calendar for week of 5/1/17
Be sure to click “HOME/Refresh” to keep features in the right-hand column updated.
JOBS report is this Friday, 5/5.
Options Expiration 4/28/17
#OptionsExpiration #Earnings #ShortStrangles #CoveredCalls #IronButterfly
— Expired —
EXPE 126/146 strangles
PANW 117 covered call
SRPT 31.5 puts
— Assignment —
PEP 115 puts
SPX calls sold
#SPXcampaign Sold to Open $SPX May 26th 2435/2460 call spreads for 1.65.
FB roll
#Earnings #CoveredCalls #Rolling
This will extend my 15-month earnings trade even longer. I’m left with only 100 shares from the trade that started in Jan 2016 and finally became profitable in December.
BTC $FB Apr 28th 145 covered call for 4.95
STO $FB May 12th 147 covered call for 5.25
I gained .30 on the roll, and an extra $200 if I am called away after earnings. I may keep this position as an exercise in rolling covered calls. I plan to initiate new earnings trades next week when it reports on Wednesday.
Lucky fill
#Earnings BTC $ANTM 170/175 call spreads for 4.89. These were set to expire, costing me 5.00, but I put in an order for 4.90 just in case I got a fill… saved 11 cents! Unless, of course, it closes below 174.89, in which case I’m not so lucky.
Upside Warning relative performance
#VIXIndicator #Markets
I’ve created a chart to compare the performance of Upside Warnings with the correction that precedes it. The bigger the correction, the bigger the subsequent rally in the SPX. This is no surprise, but I wanted to see how it charted from all Upside Warnings since 1999. The mini-correction we just had was exactly 3.00%, which is tied for smallest with one in 2013. So the move up we should expect now is relatively minor. The first bar on the chart is that 2013 example… SPX increased 3.44% from the close of the Upside Warning day to the next SPX high. A 3.44% move this time would be a high of 2469.58.
Let me know if you have questions!
(note the only time there was a negative performance were the days leading up to 9/11/2001)
SPX risk/reversal
#SPXcampaign I remain bullish based on VIX Indicator Upside signal. Since it is taking its time going higher, I am placing another #RiskReversal which overlaps with my current one expiring May 5th.
Bought to Open $SPX May 12th 2410/2430 call spreads for 3.00
Sold to Open $SPX May 12th 2355/2330 put spreads for 2.90
My other May 5th R/R may expire worthless which will be a small gain since I sold the put spread for more than I paid for the call spread. If we get a surge next week, both R/R’s will profit.
Earnings updates
#Earnings
BTC $AMZN 920/950 call spreads for 22.00. Sold yesterday for 24.15 (as #IronButterfly)
BTC $SRPT 38.5 calls for .80. Sold yesterday for 1.75 (as 31.5/38.5 strangles).
$FFIV, order in to close 126 puts for .10 (sold as 126/146 strangles for 1.00)
$EXPE 126/146 strangles sold for 1.05… allowing to expire
$PEP 112/115/118 iron butterflys sold for 1.85; early-assigned some stock at 115; going to take assignment on the rest and own stock with 113.15 cost basis.
$ANTM 165/170/175 IB sold for 3.50; the loser for the week. Will allow execution for 5.00, so 1.50 loss.
$DPZ May 19th 165 puts. Order in to close for .05.
All this plus the CMG win… only one loss and one assignment so a very good week!
SPX puts sold
#SPXcampaign Sold to Open $SPX May 26th 2300/2275 put spreads for 1.40.
AMZN iron butterfly
#Earnings My order is in to sell $AMZN Apr 28th 890/920/950 IB for 25.00. Will consider lowering my ask if no fill by 3:30 ET.
CMG earnings (and others)
#Earnings BTC $CMG 520 calls for .05. Sold strangles for 2.50, all closed now for .10 total.
$FFIV hovering around my short 126 puts. Will hold until tomorrow
$DPZ up as needed; order in to close for .05, with May 19th expiry
$PEP still needs a lift toward 115 to be profitable. Yesterday closed the 115 short calls for .05.
$ANTM needs to drop below 173.50… not too likely
EXPE earnings
#Earnings Sold to Open $EXPE Apr 28th 126/146 strangles for 1.05. Over last 12 earnings, Biggest UP move: 12.9%, Biggest DOWN move: -11.5%, Average move: 6.6%. These strikes are -7.7% and +7.0% OTM. I’m playing inside its max moves, but its more recent reports have been milder.
SRPT earnings
#Earnings Sold to Open $SRPT Apr 28th 31.5/38.5 strangles for 1.75. Over last 12 earnings, Biggest UP move: 7.2%, Biggest DOWN move: -9.3%, Average move: 5.6%. These strikes are -10.5% and +9.4% OTM.
Biotech stocks can be wily, so trade carefully. This one, however, does not typically have huge earnings moves.
AMZN earnings
#Earnings Tough call here… it has run so hard and strong hard to believe it will =go too much higher on the report, even though I think it will break 1,000 later this year. At same time, will it really take a dip on earnings, like last quarter?
I’m considering another wide butterfly, like @fuzzballl‘s idea last quarter. It took stock assignment and an extra week but worked in the end.
Thoughts out there?
Upside Warning Fired today
#VIXIndicator An Upside Warning fired today with the third consecutive day below the 78.6% Fib retracement. This means higher index prices are very likely in the coming days or weeks. Below is the VIX chart for the mini-correction we just completed, and today’s warning. Below that is data from last summer on the Upside Warning. I will be updating this soon.
ARROWS: Yellow=1st downside signal; Green=reset 50% warning level; Red=Downside Warning; Pink=Cancel Downside Warning; Cyan=Upside Warning
Upside Warning Data as of last summer:
1. 33 corrections since Nov 1999, as determined by the VIX Indicator’s downside signals. These corrections average 12.5% each. Smallest was 3% and largest was 53.7% (2008-9).
2. Of those corrections, an Upside Warning fired 28 of the 33 times.
3. In 27 out of 28 times, the SPX continued higher after the Warning.
4. The average SPX bottom to top recovery was 16.4%. The average rise AFTER the Warning was 6.40%. This means that the Upside Warning captured an average of 38.9% of each recovery.
5. The average amount of time between an Upside Warning and the next SPX high is 2.5 months.
In summary, when an Upside Warning fires it is almost guaranteed that more upside will come, and it could last several weeks.
DUST rolls
#ContangoETFs #StrangleRoll In the DUST game again after a long absence!
Bought to close $DUST May 19th 35 calls for 2.80. Sold for 1.40 on Apr 19th.
Rolled into a strangle: Sold June 16th 24/47 strangles for 2.85.
Now that DUST in plummeting, I clearly rolled this too early.
Also, sold to open DUST Jan 19th 2018 85 call for 4.00.
SPX reverse roll
#SPXcampaign Stop hit on a call spread so I reversed it, shorter term.
Bought to close $SPX May 12th 2420/2445 call spread for 4.00. Sold for 1.65 last Friday.
Sold to Open $SPX May 10th 2375/2350 put spreads for 4.15.
I had many trades yesterday I didn’t have time to post due to travels. I hope to have the chart revised today or tomorrow but let me know if there are questions on any positions.
Earnings for today
#Earnings Sold a strangle on FFIV and puts on DPZ (both posted below). I’m trying for three others that probably won’t fill… no plans to adjust so if they don’t fill, no trade:
$PYPL Apr 28th 44.5/43.5 put spread for .50
$ALXN Apr 28th 112/133 strangle for 1.00
$EQIX May 19th 380 puts for 2.75
Anyone trying for other symbols?
DPZ earnings
#Earnings #ShortPuts Sold to Open $DPZ May 19th 165 puts for 1.10. A strong performer on earnings and overall. Willing to go with 23 days until expiration. May try to sell 210 calls if it rallies into the close.
On last 12 reports, its move after 21 days: Biggest UP move: 15.8%, Biggest DOWN move: -8.5%, Average move: 6.7%. This trade is -8.7% OTM.
Earnings updates
#Earnings from yesterday
Bought to close $CMG Apr 28th 430 calls for .05. Order in to close 520 calls for same. Strangle sold yesterday for 2.50.
$PEP, needs to rise closer to 115 by weeks end. Has a good shot. Sold 112/115/118 IB for 1.85.
$ANTM, needs to fall toward 170 by week’s end. Less likely to work than PEP; should have leaned bullish on this one, and as you can see from yesterday’s post, I realized it right after my trade executed! Sold 165/170/175 IB for 3.50.
FFIV earnings
#Earnings #ShortStrangles
Sold to Open $FFIV 126/150 strangles for 1.00. Over last 12 earnings, Biggest UP move: 9.6%, Biggest DOWN move: -10.0%, Average move: 5.1%. These strikes are each 8.7% OTM.
SPX risk/reversal
#SPXcampaign An Upside Warning is going to fire today, barring any intraday market shock, so I’m going long call spreads on SPX. My favorite way to do this is to sell an equal-priced put spread so the cost of the purchased call spread is zero… unless, of course, I’m completely wrong and the market tanks. But that’s quite unlikely in the near term. If the long call spread fails, the put spread will likely expire worthless and net cost is zero in the end.
Bought to Open $SPX May 5th 2415/2435 call spreads for 2.20.
Sold to Open $SPX May 5th 2365/2340 put spreads for 2.40.
If we don’t get a strong up move by the end of this week, I will be doing this again with further dated expiration.
PEP earnings
#Earnings Slightly bullish #IronButterfly, since it worked for me last quarter. Usually only minor moves on earnings.
Sold to Open $PEP Apr 28th 112/115/118 IB for 1.85.
ANTM earnings
#Earnings Not a big mover on reports, and decent R/R.
Sold to Open $ANTM Apr 28th 165/170/175 #IronButterfly for 3.50. Max risk 1.50. Over last 12 earnings reports, Biggest UP move: 5.5%, Biggest DOWN move: -4.7%, Average move: 2.8%.
This trade is not taking into account the bullish trend. A better positioning might be around the 172.5or 175 strike, or broken-wing with bullish bias.
CMG earnings
#Earnings Sold to Open $CMG Apr 28th 430/520 strangles for 2.505 (avg price). Over last 12 earnings reports, Biggest UP move: 11.8%, Biggest DOWN move: -9.3%, Average move: 6.8%. These strikes are -8.5% and +10.6% OTM respectively. Leaning bullish because that’s what the option prices are doing; despite being further from current price, the 520 call is going for twice the price of the 430 put.
The certainty of more upside
#VIXIndicator #Market
This is my last day of traveling so I do not have time to post statistics… you can see past posts by clicking on this: #VIXIndicator
The signal we are now building, VIX closes below the Fib 78.3% retracement, is a very reliable sign that the SPX will continue higher in the coming days. There have been over two dozen occurrences of this since 1999, and in all but one there was no significant pullback for multiple days or weeks.
I am stopping my self out of many call spreads and selling put spreads, some of the them ATM or NTM. I’ll post more stats on this later this week.
SVXY roll
#VXXgame #StrangleRoll Getting out of ATM and ITM SVXY call positions, one at a time…
Bought to close $SVXY Jun 16th 140 call for 12.75. Sold for 6.60 on Jan 20th
Sold to Open SVXY Jun 16th 135/155 strangle for 13.15
Also, BTC UVXY May 5th 40 call for .01. Sold for .75 on Apr 13th
Downside Warning was canceled Monday
#VIXIndicator is updated (click “Home/REFRESH” to keep right-hand column updated)
Volatility was crushed on Monday, dropping over 25% and closing below the VIX 78.6% Fib line to cancel the Downside Warning.
Tuesday’s first warning level 13.55 (25% above 2-day closing low), and 14.96 would establish a new Downside Warning. Alternatively, three consecutive closes below 11.32 will constitute an Upside Warning.
SVXY trades closed
#VXXGame After selling multiple options on volatility spikes, I usually prefer to close them for 80-95% of max profit rather than wait for expiration. So I put close orders on all short volatility positions today. These filled:
BTC SVXY May 19th 75 put for .12. Sold for 1.30 on Apr. 11
BTC SVXY May 12th 65 puts for .05. Sold for .60 on Apr 13th
SPX calls stopped
#SPXcampaign Bought to close $SPX Apr 26th 2375/2400 call spreads for 7.00. Sold for 2.90 on Thursday. Was working on getting out as it pulled back in the last hour, but missed my fill and ended having to chase as it burst to a new high. Why does it so often work that way?
Will wait to roll this tomorrow. As of right now, it looks like the massive VIX drop will be ending the downside warning today.
SPX chart updated
Long overdue because of travels, but just updated my positions. The minor market pullback got me out of all ITM call spreads. I’m now pressured on a couple expiring this week but will be rolling if we break 2375.
Be sure to click “Home/REFRESH” to keep your screen updated.
#SPXcampaign
SPX puts closed
#SPXcampaign Bought to close $SPX May 5th 2230/2205 put spreads for .20. Sold for 1.40 on Apr 7.
RGLD position closed
#Earnings #Gold This was an earnings trade gone bad… assigned with an 85.00 cost basis back in August, stock dropped to 60 a couple times… finally put a trail stop on it and the final batch closed today. I don’t tend to wait forever for recovery on these assignments. My mistake was not putting stops on the stock at the beginning, since it did recover into profit territory briefly. Dividends and covered calls brought my cost basis down to the high 70’s… average stock sale around 69.00.
SPX call spreads sold
#SPXcampaign Sold to Open $SPX May 26th 2440/2465 call spreads for 1.60, with SPX at 2372.
I’m not going to worry about upside unless we break above the morning’s high, which was hit in the first minute of the day. If we get above that and hold, I will be rolling some near-the-money call spreads.
Econ Calendar for week of 4/24/17
SPX puts closed pre-market
#SPXcampaign Close orders filled, bought to close the following $SPX put spreads:
Apr 26th 2255/2230 for .20. Sold for 1.35 on Mar 29th
Apr 28th 2225/2200 for .20. Sold for 2.75 on Mar 21st
Apr 28th 2260/2235 for .20. Sold for 1.30 on Mar 31st
May 1st 2275/2250 for .20. Sold as part of a #CondorRoll for 3.95 last Monday.
Good morning from Milwaukee WI
Bam! go the markets because of… France. VIX Indicator is updated (click “Home/REFRESH” to be sure you have updated the right column). Downside Warning remains in effect until we get the close below 11.32; but we could be headed there so protect your short call spreads, roll if necessary.
SPX trades
#SPXcampaign Sold to Open $SPX May 18th 2415/2440 call spreads for 1.65.
Sold to Open SPX Apr 26th 2375/2400 call spreads for 2.90
Bought to close $SPXPM Apr 21st 2300/2275 put spreads for .20. Sold as part of a #CondorRoll for 4.10 on Apr 7th.
Other trades on Wednesday
#Earnings #Rolling #ITMroll #ContangoETFs #VXXGame
Bought to close $PANW Apr 21st 135 put for 25.50, to avoid early assignment.
Sold to Open PANW May 17th 135 put for 25.90
Sold to Open $DUST May 21st 35 calls for 1.40
Sold to Open $SVXY May 21st 90 puts for 1.95
SPX puts sold
#SPXcampaign Sold to Open $SPX May 12 2225/2200 put spreads for 1.45. This is my second put spread from last week that I delayed due to downside threat… that threat seems lower now.
BLK earnings profit
#Earnings Bought to close $BLK 370/380/390 #IronButterfly for 4.65. Sold yesterday for 6.50. That should cover losses in $ISRG if it fails to drop below 775.00 by Friday.
Earnings trades BLK and ISRG
#Earnings
Sold to Open $BLK 370/380/390 #IronButterly for 6.50. Max loss 3.50. Profitable between 373.50 and 386.50 on Friday. Biggest UP move: 2.3%, Biggest DOWN move: -4.3%, Average move: 1.3%.
Sold to Open $ISRG 740/760/780 #IronButterfly for 15.40. Max loss 4.60. Profitable between 744.60 and 775.40 on Friday. Biggest UP move: 17.7%, Biggest DOWN move: -11.5%, Average move: 6.2%.
That’s it for the earnings today… gotta hit the road.
Earnings today
#Earnings. Looking at $ISRG, either 20-pt wide #IronButterfly or 37.5 OTM #IronCondor
Also $BLK, 10-pt wide IB
Not sure about $IBM
Anyone else?
Wall Street bound
Heading to NYC today… my wife finished with her second best time, 3:24. It was a tough race for her but she’s feeling fine today.
SPX trades yesterday
#SPXcampaign. Bought to close $SPX Apr 19th 2355/2380 for 2.65. Sold for 7.60 last Tuesday. This was a reverse roll that worked. Due to being away from my computer yesterday, I thought I had gotten out for 1.30 in the morning, but discovered later I’m not very good at reading my broker’s mobile app.
Sold to Open May 18th 2190/2165 put spreads for 1.35
Sold to Open May 1st 2250/2275/2390/2415 iron condors for 3.95
NFLX earnings
#Earnings #ShortPuts. Selling puts on this today… its moves to the upside have been much larger so I’m more comfortable with bullish short puts, even taking assignment of stock if it drops.
STO NFLX Apr 21st 135 put for 1.90
STO NFLX Apr 21st 130 puts for .85
Will add more later, hopefully when options prices increase.
Over last 12 reports, NFLX 5-DAY moves: Biggest UP move: 27.8%, Biggest DOWN move: -19.9%, Average move: 13.4%. These stakes are -6.9% and -10.3% OTM.
SPX calls closed and calls sold
#SPXcampaign $SPX Bought to close the following:
Apr 20th 2375/2400 call spreads for .40. Sold for 7.50 on Apr 7th.
Apr 21st (SPXPM) 2390/2415 call spreads for .20. Sold as a #CondorRoll for 4.10 on Apr 7th.
May 5th 2430/2455 call spreads for .20. Sold as a #CondorRoll for 4.15 on March 28th.
Sold to Open May 18th 2420/2445 call spreads for 1.30, with SPX at 2336.
Econ Calendar for week of 4/17/17
Don’t forget to periodically click “Home/REFRESH” (on menu above) to keep items in the right-hand column updated.
Happy Monday from Boston Mass
It’s a holiday in this state, but the markets are open. I will be trading in the morning but then out to watch my wife run the marathon.
The VIX indicator has been updated. I’m behind on the SPX Chart but can answer any questions you have. I started selling call spreads aggressively when the #VIXIndicator fired last Tuesday, and expect more downside this week.
After the bell closings
#SPXcampaign. No expirations today, but these two closed a couple minutes after the bell.
Closed SPX Apr 28th 2420/2445 call spreads for .20. Sold as part of a #CondorRoll for 2.10 on Mar 27th (the put side closed earlier today)
Closed SPX May 5th 2435/2460 call spreads for .20. Sold for 1.40 on Apr 5th.
Looking for more fun next week!
SPX sales, stops, and rolls
#SPXcampaign Several trades… stopped out of a couple put spreads to lighten the load in case we have a blackish Monday.
STOPPED: Bought to close $SPX Apr 20th 2325/2300 put spreads for 5.20. Sold for 3.00 on Apr 5th.
STOPPED: Bought to close SPX May 5th 2245/2220 put spreads for 2.10. Sold for 1.45 on Apr 3rd
#ReverseRoll Sold to Open SPX May 5th 2395/2420 call spreads for 2.25… same expiry as above spread it is replacing
Also:
Closed May 5th 2440/2465 call spreads for .25. Sold for 1.45 on Apr 3rd
Closed Apr 28th 2150/2125 put spreads for .20. Sold as part of a #CondorRoll for 2.10 on March 27th
VXXGame dabble
#VXXGame. Sold a few positions… followed trades from Bistro members…
Sold SVXY May 19th 75 put for 1.30 (Tuesday)
Sold SVXY May 12th 65 puts for .60 (today)
Sold UVXY May 5th 40 call for .75 (today)
SKEW high
The $SKEW indicator has been above 130.00 since Feb 9th, the longest period above that level since its inception six years ago. Readings above 130.00 are typically a bearish sign, but it is not always a reliable indictor. (Readings below 120.00 are considered bullish)
SPX calls sold
#SPXcampaign Sold to Open $SPX Apr 28th 2380/2405 call spreads for 4.75, with SPX at 2346.
SPX trades
Good morning from Providence, Rhode Island
It is weird when the market doesn’t even open until 9:30.
#SPXcampaign
Bought to close SPX Apr 17th 2370/2395 call spreads for .40. Sold for 7.15 on Apr 3rd.
Bought to close SPX Apr 28th 2435/2460 call spreads for .20. Sold for 1.35 on March 30th.
Sold to open SPX May 12th 2420/2445 call spreads for 1.65, with SPX at 2340.
BOUGHT to Open SPX Apr 19th 2290/2265 bear put spreads for .75. This is in case we end the day lower and are poised for a dip into Monday. I will consider closing for a small loss today if that does not materialize.
SPX call spreads closed
#SPXcampaign
Bought to close $SPX Apr 28th 2440/2465 call spreads for .20. Sold in a #CondorRoll for 2.75 on March 21st.
Bought to close $SPX Apr 13th 2370/2395 call spreads for .20. Sold for 9.30 on March 31st. Nice one. That was the 14th time I rolled that trade. Finally done.
VIX Indicator is updated
#VIXIndicator Today the VIX surpassed 14.96, which is 50% above the VIX low of February 1. Since this is the second time it happened (the first was on March 27th), with a significant pullback between the two signals, this constitutes a Downside Warning on the Indicator I developed to warn us of the possibility of drastic moves down in the SPX.
Many Warnings only result in a small amount of volatility. But the larger market corrections have all been proceeded by these signals. So be cautious with bullish positions. I will keep the site updated as the days progress, and until the Warning is canceled. See the VIXIndicator panel in the right column. ————->
SPX call roll sold
#SPXcampaign Sold to Open $SPX April 19th 2355/2380 call spreads for 7.60, as a roll from stopped put spread earlier.
Got an extra 1.10 on this roll, but it’s possible this will blow up in my face if we saw a bottom today. For now, I’m trusting my signal that there will be more weakness in the coming days.
SPX puts stopped
#SPXcampaign After the Warning fired this morning, I closed SPX April 12th 2350/2325 put spreads for 6.50. Tried to sell a call spread for a roll but didn’t get filled… should have been more aggressive.
2-week trip pending
#Market We leave tomorrow for a 2-week trip to Boston, New York City, and Milwaukee. I plan to meet up with Bistro follower Ralph in NYC… let me know if anyone would like to connect in any of those cities.
And as most trading website moderators claim, when I travel the market seems to be volatile… sure enough, we got a Downside Warning the day before I leave. So I guess if nothing else worries you, consider my travel plans the market indicator!
Downside Warning fired
#VIXIndicator We just got a second signal this morning so we are now under a Downside Warning for the #Market. Expect more volatility and a downward bias. Be careful selling put spreads, or avoid them. Consider call spreads on rallies and even long put positions.
I will post more details on the warning later today.
SPX puts sold
#SPXcampaign Sold to Open $SPX May 12th 2210/2185 put spreads for 1.40, with SPX at 2354.
SPX calls closed, calls sold
#SPXcampaign
In pre-market, bought to close $SPX Apr 20th 2420/2440 call spreads for .20. Sold for 1.50 on March 24th.
Just now, sold to open SPX May 12th 2440/2465 call spreads for 1.40, with SPX at 2363.
Econ Calendar for week of 4/10/17
Short Week for US markets, Friday is a holiday.
VIX Indicator and SPX Chart have been updated
Be sure to periodically click “Home/REFRESH” (upper left) to keep features on the right hand column updated.
Options Expiration 4/7/17
#OptionsExpiration #VXXGame #CoveredCalls #SPXcampaign
–Expiring–
PANW 125 covered call
UVXY 31 calls
Also, closed earlier today: SPX Apr 10th 2320/2295 put spreads for .20. Sold for 1.75 on March 29th.
Options Bistro 