#VIXIndicator We just passed 12.00 and could hit the 12.54 level, which would be a first signal and end the Upside Warning.
Author Archives: Jeff
STZ earnings
#SPXcampaign Sold to open $STZ July 21st 170 puts for 1.15, with stock at 184.20. Over last 12 quarters, the stock’s 21-DAY moves: Biggest UP move: 7.0%, Biggest DOWN move: -2.5%, Average move: 3.0%. This trade is -7.7% OTM.
Highest TICK reading on the open since November
I doubt it means much, but interesting nonetheless.
VVXGame
#VXXGame Thanks for the ideas on strikes. Was only filled on a couple…
STO SVXY June 30th 148 puts for .75
STO SVXY July 7th 140 put for 1.25
SPX puts sold
#SPXcampaign This filled while on the road back to Portland:
Sold to Open $SPX July 28th 2335/2310 put spreads for 1.40, when SPX was at 2433.
DRI earnings
#Earnings Was filled on this yesterday but was unable to post as I’m at Long Beach, WA, for a couple days.
Sold to open $DRI July 21st 82.5 puts for 1.15. Trade looks good with the positive open.
SPX ITM roll
#SPXcampaign Bought to close $SPX July 3rd 2425/2450 call spreads for 15.20. Sold last Monday for 19.30.
#ITMroll Sold to Open SPX July 10th 2430/2455 call spreads for 15.00.
Was able to exit at 8:33 PT and then sell the roll on the bounce at 9:00 PT so I had a roughly even roll, no additional spread necessary.
SPX puts closed
#SPXcampaign Closed on GTC order: $SPX July 7th 2330/2305 put spreads for .20. Sold for 1.35 on June 6th.
SPX calls sold
#SPXcampaign Sold to Open $SPX July 28th 2500/2525 call spreads for 1.75.
Econ Calendar for week of 6/26/17
SPX chart and VIX Indicator have been updated
Click “Home/REFRESH” (above) to update.
#SPXcampaign Closing on GTC orders in last hour of the day:
$SPX July 3rd 2485/2510 call spreads for .20. Sold as part of a #CondorRoll for 4.90 on Monday.
$SPX June 30th 2470/2495 call spreads for .20. Sold as part of a #CondorRoll for 4.55 on May 25th.
Options Expiration 6/23/17
Only one: NVDA 135 put.
Ready for a pullback!
AZO
How low can you go?
SPX trades
#SPXcampaign Sold to Open $SPX July 20th 2490/2515 call spreads for 1.40.
Closed on GTC orders:
SPX June 30th 2345/2320 put spreads for .20. Sold for 1.50 on June 2nd.
SPX June 26th 2400/2375 put spreads for .20. Sold for 2.00 on June 14th.
SPX calls closed
#SPXcampaign Closed on GTC order: $SPX June 30th 2475/2500 call spreads for .20. Sold for 1.40 on June 1st.
Looking for a rally today to sell my final July 20th call spread.
SPX chart and VIX Indicator…
SPX chart and VIX Indicator have been updated
SPX rolls sold
#SPXcampaign Sold to Open $SPX July 5th 2405/2380 put spreads for 2.10. This makes up for the debit in the #ITMroll made yesterday.
Sold to Open SPX July 14th 2470/2495 call spreads for 3.60. Second half of roll from call spread stopped for 6.40 on Monday.
SPX puts closed, puts sold
#SPXcampaign Closed on GTC order: $SPX June 23rd 2400/2375 put spreads for .20. Sold for 1.75 on June 9th.
Sold to Open July 20th 2340/2315 put spreads for 1.55
SPX ITM roll
#SPXcampaign Yesterday, Closed $SPX June 28th 2405/2430 call spreads for 20.25. Sold last week for 20.15.
#ITMroll Sold July 5th 2410/2435 call spreads for 18.25. Will choose an additional spread to day to make up for the 2.00 roll-debit.
Also yesterday, closed on GTC order: balance of June 23rd 2465/2490 call spreads for .20. Sold for 1.80 on June 16th.
ACN earnings
#Earnings Order has been in all day; just lowered it to 1.35; not sure if I’ll go lower…
Trying for: $ACN June 23rd 122/134 strangles for 1.35. Over last 12 quarters, Biggest UP move: 6.8%, Biggest DOWN move: -6.6%, Average move: 3.6%. These strikes are +5.7% and -3.8% OTM. Bullish bias since that’s the way things have been rolling lately.
New lows in AZO
Today it’s exceeding its post-earnings lows from last month. New puts, anyone?
ADBE puts closed
#SPXcampaign BTC $ADBE June 23rd 134 puts for .02. Will try to close 152.5 calls for cheap today as well, to release margin. Sold strangles yesterday for 1.50.
SPX puts sold yesterday
#SPXcampaign Sold to Open $SPX June 30th 2425/2400 put spreads for 3.20. This is half of a roll from the call spread stopped Monday for 6.40. I plan to sell a call spread for the other half if we get some movement upward today.
ADBE earnings
#Earnings Thanks to @matt0311 for pointing this one out… I had missed it on my scan…
Sold to Open $ADBE June 23rd 134/152.5 strangles for 1.50, with ADBE at 141.25. Over last 12 quarters, its 1-day moves: Biggest UP move: 9.0%, Biggest DOWN move: -5.7%, Average move: 4.5%. My strikes are +8.0% and -5.1% OTM. Trade has a bullish bias based on historical move bias of +1.5% as well as trend in tech last few days, bouncing off mini-correction.
New highs in DRIP as…
New highs in DRIP as oil continues its plunge
SPX trades
#SPXcampaign Sold to Open $SPX July 20th (monthlys) 2360/2335 put spreads for 1.55.
#ITMroll This is to make up for the 1.80 debit in yesterday’s roll:
Sold to Open July 3rd 2410/2385 put spreads for 1.85
SPX ITM roll
#SPXcampaign #ITMroll
Closed $SPX June 26th 2420/2445 call spreads for 21.15
Sold to Open SPX July 3rd 2425/2450 call spreads for 19.30.
I will determine how to make up for the 1.85 debit tomorrow.
SPX trades
#SPXcampaign STOPPED: Closed $SPX June 23rd 2450/2475 call spreads for 6.40. Sold for 4.50 on June 9th.
Closed on GTC orders:
June 26th 2390/2360 put spreads for .25. Sold a smart of a #CondorRoll for 3.60 on June 14th.
June 30th 2340/2315 put spreads for .20. Sold as part of a #CondorRoll for 4.55 on May 25th.
SPX stop and roll
#SPXcampaign Stopped: $SPX July 14th 2475/2500 call spreads for 4.55. Sold on Friday for 1.85.
#CondorRoll Sold July 3rd 2405/2430/2475/2500 call spreads for 4.90.
The call side of the condor has the same strikes as the stopped spread but its expiry is 11 days earlier. May need further management but puts me in less danger at the moment.
Looking at stops on a couple other call spreads as well.
The bull never stops
Even in the historically worst month of the year… charging up.
New all-time highs: SPX, DJX, SVXY, AMZN. New all-time low in UVXY.
It’s KOLD again
#ContangoETFs At the bell, sold on GTC order: $KOLD Sept 15th 45 call for 2.00.
Also:
Sold $FB July 21st 155 covered call for 2.60 #CoveredCalls
SPX calls sold, puts closed
#SPXcampaign Sold to Open $SPX July 20th 2500/2525 call spreads for 1.35, with SPX at 2443.
In pre-market, closed on GTC order: June 21st 2385/2360 put spreads for .20. Sold for 2.55 on June 1st.
At the bell, closed on GTC order: June 30th 2310/2285 put spreads for .20. Sold for 1.35 on May 30th.
Econ Calendar for week of 6/19/17
Blue stars indicate “Market Moving Indicators.”
SPX trades
#SPXcampaign I had one and a third spreads close right at and after the bell…
SPX June 23rd 2465/2490 call spreads, 1/3 of my position closed for .20. Sold for 1.80 on Tuesday.
SPX July 7th 2490/2515 call spreads, full order closed for .20. Sold for 1.40 on June 9th
Kind of odd that call spreads started closing as the market was still moving UP after the close.
I decided to replace the July 7th spreads, rolling it down, in effect:
Sold SPX July 7th 2455/2480 call spreads for 4.25.
Options Expiration 6/16/17
#OptionsExpiration #VXXGame #Earnings
—Expiring—
AZO 720 calls
NVDA 135 put
PANW 135 call
THO 80 puts
SVXY 95,100,105,115,120,135, and 140 puts
—Assignment—
PANW 130 call, half of remaining stock called away, cost basis 126.69.
NVDA put closed
#Earnings BTC $NVDA June 16th 152.5 put for 1.08 to avoid assignment. Sold for 2.65 on June 8th.
SVXY roll
#VXXGame Closed $SVXY June 16th 155 call for 3.85. Sold for 5.25 on 4/25. Held through a lot on that one. But premiums are pretty rich for July expiration 10 bucks above all-time highs:
Sold to Open SVXY July 21st 170 call for 4.80
Sold to Open SVXY July 21st 175 call for 3.00
SPX calls sold
#SPXcampaign Sold to Open $SPX July 14th 2475/2500 call spreads for 1.85, with SPX at 2430.
SPX spreads closed
#SPXcampaign Closed on GTC orders:
$SPX June 21st 2460/2485 call spreads for .20; sold for 2.45 on June 1st.
$SPX June 19th 2400/2375 put spreads for .30; sold for 2.05 on June 5th.
Working on selling my second July 14th call spread today.
AZO down
#Earnings #ExitEarly As a testament to not always waiting for expiration, check out AZO today after some of us exited or rolled AZO puts a day before expiration yesterday.
This may be a good day to sell some new puts.
Breaking News
Amazon buying Whole Foods at $42 per share. Amazon will own us all in 10 years.
And housing starts missed big, which may be why futures have dropped in the last hour.
SPX Chart and VIX Indicator have been updated
Click “Home/REFRESH” above to update.
SPX puts sold
#SPXcampaign Sold to open $SPX July 14th 2340/2315 put spreads for 1.40.
SPX calls closed
#SPXcampaign In pre-market, closed on GTC order: $SPX June 15th 2460/2485 call spreads for .20. Sold for 1.50 on May 15th.
SPX Chart and VIX Indicator have been updated
Click “Home/REFRESH” above to update.
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
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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.
