#OptionsExpiration #SPXcampaign
Expiring: SPX 2290/2315 call spreads, sold as part of a #CondorRoll for 4.65 on 1/10.
Author Archives: Jeff
SPX trades
#SPXcampaign We continue to consolidate so I will continue to sell short term, aggressive condors.
#CondorRoll Sold to Open $SPX Jan 25th 2215/2240/2285/2310 iron condors for 4.00.
Also, selling standard 5-week call spread.. no fills on the day’s highs so I’m just getting something filled: Sold to Open $SPX Feb 16th 2330/2355 for 1.45.
SPX puts closed, calls closed yesterday
#SPXcampaign Just now: Bought to close $SPX Jan 18th 2250/2225 put spreads for .20. Sold in a condor for 4.65 on Jan 10th. This avoids any late-day drop which I don’t expect but could happen. I will let the 2290/2315 call side expire today.
Yesterday: BTC $SPX Jan 27th 2325/2350 call spreads for .20. Sold for 1.50 on Dec 30th.
NFLX earnings
#Earnings NFLX is always a big mover. Here are the details on its THREE-DAY moves after earnings (since options expire Friday).
Over last three days, NFLX move 3 days after earnings: Biggest UP move: 25.4%, Biggest DOWN move: -20.4%, Average move: 14.3%.
Mon 10/17/2016 AC 23.59%
Mon 07/18/2016 AC -12.97%
Mon 04/18/2016 AC -12.38%
Tue 01/19/2016 AC -6.64%
Wed 10/14/2015 AC -10.19%
Wed 07/15/2015 AC 16.95%
Wed 04/15/2015 AC 20.20%
Tue 01/20/2015 AC 25.41%
Wed 10/15/2014 AC -20.39%
Mon 07/21/2014 AC -5.87%
Mon 04/21/2014 AC -1.26%
Wed 01/22/2014 AC 15.68%
SPX calls closed
#SPXcampaign Bought to close $SPX Feb 3rd 2350/2375 call spreads for .20. Sold for 1.30 on Jan 6th.
SPX Puts sold
#SPXcampaign Sold to Open $SPX Feb 16th 2150/2125 put spreads for 1.50, with SPX at 2266.
Also, in pre-market hours, bought to close SPX Jan 27th 2335/2360 call spreads for .20.Sold for 1.30 on Dec 29th.
Econ Calendar, week of 1/16/17
Blue star = Market Moving Indicator; Yellow square = Merits Extra Attention; Pink Circle = Other Key Indicator
https://optionsbistro.files.wordpress.com/2017/01/market-closed-monday.jpg
Options Expiration 1/13/17
#OptionsExpiration #ShortStrangles #ContangoETFs #SPXcampaign
— Expiring w/Max Profit —
DUST 84 call
REGN 350/405 strangle
— Expiring w/Loss —
SPX long call spread, 2300/2325, bought for 1.45. Didn’t get the bull run I was expecting. But the flat market is perfect for the #SPXcampaign
SPX condor roll
#SPXcampaign #CondorRoll To replace the $SPXPM call spread closed this morning:
Sold to Open $SPX July 27th 2280/2305 call spreads for 7.40
Sold to Open $SPX July 27th 2235/2210 put spreads for 1.75
The new phone books are here!
I keep thinking of that scene from Steve Martin’s “The Jerk”… because the new UVXY options are here! I’m following some of you knuckleheads on these short termers:
STO UVXY Feb 3rd 40 calls for 1.45
STO UVXY Jan 20th 37 calls for .39
Okay, now I’m somebody.
REGN strangle
#ShortStrangles #Rolling #Earnings
Selling this to replace one expiring today. This expires just before earnings.
STO $REGN Feb 3rd 340/400 strangle for 5.60
FB covered calls
#CoveredCalls #Rolling #StrangleRoll
I’d like to hold the stock through earnings…
Bought to close $FB Jan 13th 126 covered call for 2.09. Sold for .65 on Tuesday.
Sold to Open FB Jan 27th 126 put for 1.03
Sold to Open FB Feb 24th 140 covered call for 1.07
SPX trades this morning
#SPXcampaign Sold my remaining two spreads for the Feb 10th expiry:
Sold to open $SPX Feb 10th 2340/2365 call spreads for 1.30
Sold to Open $SPX Feb 10th 2180/2155 put spreads for 1.45 (couldn’t trade yesterday during the dip, and I missed out on much better opportunities)
Stopping an ITM spread, looking to sell a condor for the Jan 27th expiry as a #CondorRoll
Bought to close $SPXPM Jan 20th 2275/2300 call spreads for 9.10. Sold for 8.60 on Jan 5th.
SPX trades today
#SPXcampaign #Rolling #CondorRoll #OptionsExpiration
Bought to close $SPX Jan 19th 2330/2355 call spreads for .20. Sold for 1.60 on Dec 23rd.
Sold to Open $SPX Jan 23rd 2290/2315 call spreads for 4.35 as a roll.
After the bell: Sold to Open Jan 19th 2215/2240/2300/2325 iron condors for 3.25 as a roll. Slightly less aggressive than the near-term one I sold yesterday.
Expiring today: Jan 11th 2260/2235 put spreads. Sold for 1.55 on Friday.
UVXY reverse split tomorrow!
SPX condor sold
#SPXcampaign Well it looks as if the rally is fizzling, dimming the prospects for a bigger bull push. It is still possible, but it could also be a much slower grind. As long as we’re having these small daily moves, I will sell some near-term condors to continue to fulfill my #Rolling needs.
#CondorRoll Sold to Open $SPX Jan 18th 2225/2250/2290/2315 iron condors for 4.65, with SPX at 2272.
SPX puts closed
#SPXcampaign Bought to close $SPX Jan 23rd 2165/2140 put spreads for .20. Sold for 1.60 on Jan 3rd.
SPX call spread sold
#SPXcampaign Sold to Open $SPX Feb 10th 2350/2375 call spread for 1.30, with SPX at 2277.
SPX calls stopped
#SPXcampaign Bought to close $SPX Jan 17th 2280/2305 call spreads for 4.55. Sold for 7.00 on Dec 28th. Guess I was asleep earlier, I should have closed this when SPX was fdown, since it is one-week to expiration. Looking to roll this (and others) later today or this week).
FB covered calls
#CoveredCalls #Long Stock #Earnings
Sold the following after a pretty extended run on FB. The first two expire before Feb 1st earnings.
STO FB Jan 13th 126 call for .65
STO FB Jan 27th 130 call for .53
STO FB Mar 17th 140 call for 1.00
VIX Indicator and SPX Chart have been updated
#VIXIndicator $VIX 11.73 is the 78.6% Fib retracement drawn from the VIX 12/21 low and the 12/30 high. Monday was the third consecutive close below this level, which could indicate another strong push higher, like the one that began 12/7.
Options Expiration 1/9/17
#OptionsExpiration #spxcampaign
Expired: $SPX Jan 9th 2255/2230 put spread. Sold for 2.85 last Wednesday.
Also, closed right before the bell: Bought to close $SPX Jan 13th 2310/2335 call spreads for .20. Sold for 4.00 on Dec 14th.
SPX calls closed
#SPXcampaign Bought to close $SPX Jan 19th 2340/2365 call spreads for .20. Sold for 1.50 on Dec 16th.
SPX calls stopped
#SPXcampaign Bought to close $SPX Jan 27th 2300/2325 call spreads for 4.30. Sold for 3.00 on Dec 30th.
This is the last call spread I’m trying to close. If there is a rally today and the market goes positive, I believe we will be making a run to 2300 this week.
SPX puts closed, puts sold
#SPXcampaign In pre-market, Bought to close $SPX Jan 13th 2210/2185 put spreads for .20. Sold for 4.25 on Dec 15th.
Just now, sold to open $SPX Feb 10th 2150/2125 put spreads for 1.35, with SPX at 2271.
Econ Calendar week of 1/9/17
The blue stars are for “Market moving Indicators”.
Options Expiration 1/6/17
#OptionsExpiration #SPXcampaign
Expiring: $SPX 2225/2200 put spreads, sold for 2.40 on Dec 23rd
SPX calls rolled
#SPXcampaign Bought to close $SPX Jan 23rd 2300/2325 call spreads for 4.75. Sold for 2.65 on Tuesday.
#CondorRoll Sold to Open $SPX Jan 31st 2200/2225/2330/2335 iron condors for 4.80.
SPX calls sold, puts closed
#SPXcampaign Bought to close $SPX Jan 19th 2160/2135 put spreads for .20. Sold for 1.30 on Dec 22nd.
Sold to Open $SPX Feb 3rd 2350/2375 call spreads for 1.30, with SPX at 2281.
SPX reverse roll
#SPXcampaign The push higher is underway. Rolling positions with 2300 as a short, since we’ve hit my stop level of 2280. This first one expires Wednesday, #ReverseRoll for the same date, same position size.
Bought to close $SPX Jan 11th 2300/2325 call spreads for 1.25. Sold as part of a condor for 7.25 on Dec 20th.
Sold to Open $SPX Jan 11th 2260/2235 put spreads for 1.55.
New all-time high on the SPX
We are still above a new low on the VIX, but this should be the second day of VIX close below 11.73…. Bullish #VIXIndicator
SPX puts closed
#SPXcampaign Bought to close $SPX Jan 11th 2225/2200 put spreads for .20. Sold as part of a condor for 7.25 on Dec 20th.
December JOBS report
+156,000 jobs in December
4.7% unemployment, up .1%
Avg hourly earnings jumped 10 cents
2.9% annual gain for wages in 2016
Labor force participation unchanged (and still low) at 62.7%
November revised upward from 178,000 to 204,000
October revised downward from 142,000 to 135,000
2016 total non-farm: 2.2 million
About 500K fewer than 2015
The VIX Indicator and SPX…
The VIX Indicator and SPX Charts have been updated
Non-Farm Payroll (Jobs report) will be released at 8:30am ET
SPX ITM call-roll
#SPXcampaign Sold to Open $SPXPM Jan 20th 2275/2300 call spreads for 8.60, completing the #CondorRoll from earlier today.
SPX trades closing
#SPXcampaign STOPPED, BTC $SPX Jan 13th 2280/2305 call spreads for 4.40. Sold for 4.70 on Dec 30th. Will look to roll tomorrow.
BTC SPX Jan 13th 2175/2150 put spreads for .20. Sold for 2.00 on Dec 14th.
DUST calls closing
#ContangoETFs #ShortCalls
BTC DUST Jan 20th 80 call for .05. Sold for 5.00 on Nov 17th
BTC DUST Jan 27th 107 call for .05. Sold for 3.00 on Dec 20th
SPX ITM roll, half done
#SPXcampaign Bought to close $SPX Jan 13th 2260/2285 call spreads for 11.15
#CondorRoll Sold to Open $SPXPM Jan 20th 2225/2200 put spreads for 2.65
Going to sell either the 2270 or 2275 call spread later today or tomorrow, when SPX is higher.
SPX puts sold
#SPXcampaign Filled on additional two spreads as the mild weakness turned into an actual drop. We’re still above Tuesday’s close, and provided we stay above 2260 I won’t change my outlook.
Sold to Open $SPX Jan 23rd 2200/2175 put spreads for 1.45
Sold to Open $SPX Feb 3rd 2160/2135 put spreads for 1.45
SPX bullish trades
#SPXcampaign As I posted yesterday, the #VIXIndicator is close to signaling another push higher in the next 10 days or so. Using this morning’s weakness to get positioned.
Sold to Open $SPX Jan 27th 2180/2155 put spreads for 1.40.
BOUGHT to open $SPX Jan 13th 2300/2325 call spreads for 1.45.
RGLD covered call
#CoveredCalls #Earnings #Gold
STO $RGLD Feb 17th 75 covered call for 1.25
Looking for a bullish run in gold miners… DUST dropping today, lowest since the election.
VIX-Indicator very bullish
#VIXindicator Today we are hitting a place on the Indicator that is similar to Dec 5th, which you can see was right before another huge bullish pop. Provided no bad news smacks the market, we could see a very big run up on Friday, perhaps sparked by the Jobs Report.
SPX trades today
#SPXcampaign
Bought to close $SPX Jan 9th 2190/2165 call spreads for .20
Stopped: Bought to close Jan 9th 2275/2300 call spreads for 4.50.
Both of the above were sold as an iron condor last Thursday for 4.25. Will look to roll again this week.
#ReverseRoll from yesterday’s stopped call spread:
Sold to open $SPX Jan 9th 2255/2230 put spreads for 2.85. I have not had luck with ATM put spreads yet, but I’ll keep trying.
SPX puts closed
#SPXcampaign In pre-market, Bought to close $SPX Jan 13th 2130/2105 put spreads for .20. Sold for 1.30 on Dec 12th.
SPX calls closed
#SPXcampaign Bought to close $SPX Jan 6th 2260/2285 call spreads for 3.35. Sold for 9.85 on Dec 23rd. Since this got close to 9.00 on this morning’s pop up, I was glad to get out cheaply by being patient. This will be easy to roll so I will do it tomorrow.
SPX roll
#SPXcampaign #CondorRoll #Rolling
We hit 2260 this morning so had to stop out of call spreads expiring tomorrow. I waited for the pullback off the highs:
Bought to close $SPX Jan 4th 2260/2285 call spreads for 4.00. Sold for 1.45 on Friday.
Sold to open $SPX Jan 23rd 2300/2325 call spreads for 2.55
Sold to Open $SPX Jan 23rd 2165/2140 put spreads for 1.60
SPX calls sold
#SPXcampaign Sold to Open $SPX Feb 3rd 2340/2365 call spreads for 1.50, with SPX at 2263.
SPX puts sold
#SPXcampaign Sold to Open $SPX Feb 3rd 2125/2100 put spreads for 1.45, with SPX at 2255. I know it’s an up day, but premium on the first day of the week is usually good on both sides. Working on a call spread, too.
Econ Calendar for week of 1/2/17
Options Expiration 12/30/16
#OptionsExpiration #SPXcampaign
Only two spreads expiring:
$SPX Dec 30th 2295/2320 call spreads, and 2160/2135 put spreads. These were sold as a condor for 3.85 on Dec 8th, as a roll from a stopped call spread.
THANK YOU all for participating in the first “beta” year of Options Bistro! I am excited for the new year and growing this site. HAPPY NEW YEAR
SPX puts stopped
#SPXcampaign This one hit my 3.00 stop, so I closed it on the bounce. Looking to #ReverseRoll it but got no fill before we started dropping again.
Bought to close $SPX Jan 19th 2175/2150 put spreads for 2.70. Sold for 1.45 on Dec 21st.
SPX puts stopped
#SPXcampaign Bought to close $SPX Jan 6th 2230/2205 put spreads for 6.30. Sold for 3.90 on Wednesday. Looking to #ReverseRoll into calls. Even if we rebound higher next week, I believe the upside momentum will remain stalled and call spreads are the safer bet.
RGLD covered calls
#CoveredCalls #Earnings
BTC RGLD Jan 20th 75 covered call for .20. Sold for 1.25 on Dec 13th
BTC RGLD Jan 20th 77.5 covered calls for .10. Sold for 1.83 (avg price)
Looking for a rebound in gold next month
SPX calls closed
#SPXcampaign Bought to close $SPX Jan 6th 2300/2325 call spreads for .20. Sold for 3.65 on Dec 9th.
SPX calls closed
#SPXcampaign Bought to close $SPX Jan 13th 2340/2365 call spreads for .20. Sold for 1.55 on Dec 12th.
SPX calls sold
#SPXcampaign Sold to Open $SPX Jan 27th 2325/2350 call spreads for 1.50, with SPX at 2243.
SPX calls sold
#SPXcampaign Sold to Open $SPX Jan 13th 2280/2305 call spreads for 4.70. An aggressive roll completing the replacement of the ITM position from Jan 3rd.
VIX Indicator and the SPX…
VIX Indicator and the SPX Chart have been updated
SPX condor-roll sold
#SPXcampaign #CondorRoll
Sold to Open $SPX Jan 9th 2165/2190/2275/2300 iron condors for 4.25. Fairly tight condor with only six trading days to expiry. 1.5x position size; partial roll from Jan 3rd call spread I exited on Tuesday.
SPX puts closed
#SPXcampaign Bought to close $SPX Dec 30th 2215/2190 put spreads for .35. Sold for 5.10 on Dec 8th. I do’t think this one is in danger, but I am closing to free up margin.
SPX calls closed
#SPXcampaign Bought to close $SPX Jan 13th 2350/2375 call spreads for .20. Sold for 1.50 on Dec 13th.
SPX calls sold
#SPXcampaign Sold to Open $SPX Jan 27th 2335/2360 call spreads for 1.30.
Two-day road trip on Tue/Wed took its toll on my trading… I missed far better opportunities to sell upside positions due to my limited access to the computer.
Options Expiration 12/28/16
#OptionsExpiration #SPXcampaign
— Expired —
$SPX 2225/2200 put spreads
$SPX 2280/2305 call spreads
SPX puts sold
#SPXcampaign I just sold this as additional premium, rolled from previously stopped call spreads. It’s an aggressive strike that I will have to stop if downside pressure continues much after today.
Sold to Open $SPX Jan 6th 2230/2205 put spreads for 3.90, with SPX at 2250.
SPX ITM roll
#SPXcampaign #ITMrolling
Earlier, Bought to close $SPX Jan 4th 2265/2290 call spreads for 6.80. Sold for 7.45 last Thursday.
Rolled: Sold to Open $SPX Jan 17th 2280/2305 call spreads for 7.00
SPX puts sold
#SPXcampaign Sold to Open $SPX Jan 27th 2150/2125 put spreads for 1.45, with SPX at 2262.
SPX ITM calls closed
#SPXcampaign #ITMrolling Earlier, Bought to close $SPX Jan 3rd 2265/2290 calls spreads for 11.00. Sold for 7.95 on Dec 16th. Under a bit of margin pressure now, so will look to roll later.
SPX puts closed this morning
#SPXcampaign Bought to close $SPX Jan 3rd 2190/2165 for .20. Sold for 1.40 on Dec 16th.
Bought to close $SPX Jan 6th 2160/2135 put spreads for .20. Sold for 1.40 on Dec 12th.
VIX Indicator and SPX Chart have been updated
Hope everyone is having a marvelous holiday!
https://optionsbistro.com/wp-content/uploads/2016/12/spx_position_chart_12_23_16.xlsx
Options Expiration 12/23/16
#OptionsExpiration #SPXcampaign #ShortStrangles #ShortCalls #Earnings #ContangoETFs
— Expiring —
DUST 80 call
REGN 347.5/400 strangle
SPX 2225/2200 put spreads
Have a wonderful Christmas everyone!
REGN roll
#ShortStrangles #Rolling #Earnings
STO REGN Jan 13th 350/405 strangle for 6.40. Replacing strangle that expires today.
DUST roll
#ContangoETFs #ShortCalls #rolling
BTC DUST Dec 30th 70 call for 1.80. Sold for 2.00 on 12/14
STO DUST Jan 13th 84 call for 2.00
SPX extra put spread sold
#SPXcampaign. Sold to Open $SPX Jan 6th 2225/2200 put spreads for 2.40.
Put spread foiled
#SPXcampaign Bought to close $SPX Dec 28th 2270/2245 put spread for 10.00. Sold for 7.00 on Tuesday. Couldn’t hang with this one… I am still bullish for next week, but the market has shown too much weakness to risk a max loss on this one.
