Jeff 8:40 am on Wednesday, January 25, 2017
Tags: BullPutSpreads ( 150 ), Earnings ( 3,114 )

LUV earnings

#Earnings #BullPutSpreads Taking a bullish trade on LUV with an 11:9 risk reward. All airlines have been going strong. LUV’s last two reports were down, but all airlines were struggling last year, with their bullish trends starting around October.

Sold to Open $LUV Jan 27th 50/49 put spreads for .45.

Here are last 12 reports:
Oct. 26, 2016 BO -8.46%
July 21, 2016 BO -11.20%
April 21, 2016 BO 1.44%
Jan. 21, 2016 BO 0.50%
Oct. 22, 2015 BO 7.40%
July 23, 2015 BO 3.87%
April 23, 2015 BO 0.95%
Jan. 22, 2015 BO 8.41%
Oct. 23, 2014 BO -2.77%
July 24, 2014 AC 1.95%
April 24, 2014 AC -1.31%
Jan. 23, 2014 BO -2.43%

Jeff 7:54 am on Wednesday, January 25, 2017
Tags: Earnings ( 3,114 ), ShortStrangles ( 716 )

FFIV earnings

#Earnings #ShortStrangles
Sold to Open $FFIV Jan 27th 130/157.5 strangles for .90. (filled quickly so more may be possible)
Biggest UP move: 9.6%, Biggest DOWN move: -10.0%, Average move: 4.8%. These strikes are about 9.5% OTM.

Jeff 7:49 am on Wednesday, January 25, 2017
Tags: AfterHours ( 10 ), Earnings ( 3,114 ), StockTrades ( 19 )

PANW stock sold

#AfterHours #StockTrades #Earnings
Sold to Close $PANW stock for 146.52. Bought for 140.85 after their earnings announcement, after hours on Nov 21st. This was supposed to be a 1-hour to 1-day trade. But it decided to dip down below 124.00 before recovering.

Jeff 7:18 am on Wednesday, January 25, 2017

New VIX low hit, lowest…

New VIX low hit, lowest since July 2014

Jeff 6:48 am on Wednesday, January 25, 2017
Tags: SPXcampaign ( 2,265 )

SPX puts closed, puts sold

#SPXcampaign In pre-market, Bought to close $SPX Jan 27th 2235/2210 put spreads for .20. Sold for 1.75 last Friday.

Looking for higher prices later today so not selling calls yet. But sold my other weekly put spread:
Sold to Open $SPX Feb 24th 2200/2175 put spreads for 1.55, with SPX at 2290.

Jeff 6:34 am on Wednesday, January 25, 2017

Dow 20,000, and all-time SPX and NDX highs as well

Jeff 1:17 pm on Tuesday, January 24, 2017
Tags: SPXcampaign ( 2,265 )

Extra put spread sold

#SPXcampaign In after market, Sold to Open $SPX Feb 3rd 2260/2235 put spreads for 3.35.

Jeff 12:32 pm on Tuesday, January 24, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

SPX calls stopped

#SPXcampaign On the small pullback I bought to close $SPX Jan 30th 2285/2310 call spreads for 5.65. Sold as part of a #CondorRoll yesterday for 4.35.

Jeff 12:17 pm on Tuesday, January 24, 2017

New all-time high on SPX…

New all-time high on SPX today.

Jeff 11:53 am on Tuesday, January 24, 2017
Tags: LongSpread, RiskReversal ( 86 ), Rolling ( 465 ), SPXcampaign ( 2,265 )

SPX trades, part 2

#SPXcampaign #Rolling #LongSpread #RiskReversal
Sold to Open $SPX Feb 6th 2290/2315 call spreads for 6.70, as a roll from Jan 27th spread stopped earlier. This was a fat-fingered fill. Was trying to enter the order for 7.00 but it didn’t take. I can let this get ATM or even ITM and roll next Monday at the latest.

And for the possibility of a strong push into Friday, I did this Risk Reversal:
BOUGHT to Open $SPX Jan 27th 2300/2325 call spreads for 1.10
Sold to Open $SPX Jan 27th 2260/2235 put spreads for 1.10

If we don’t get the strong push, then I’ll be flat, UNLESS we go down below 2260 instead.

Jeff 11:49 am on Tuesday, January 24, 2017
Tags: ContangoETFs ( 446 ), CoveredCalls ( 2,209 ), Gold ( 26 ), ShortCalls ( 979 )

Gold trades

#ContangoETFs #ShortCalls #CoveredCalls #GOLD
Earlier today…
STO RGLD Feb 17th 80 covered call for .50

BTC DUST Feb 17th 107 call for .05. Sold for 5.45 on Dec 20th.
BTC Dust Feb 17th 75 call for .15. Sold for 9.00 on Nov 23rd.

This leaves me flat in DUST/NUGT. Going to leave them alone until one of them goes on a bullish surge. I did well overall on this DUST bull run (started selling calls on Oct 4th), although it would have been better if I wasn’t forced to close a few on the highs due to margin (Nov 11 & 14). I will be careful to not sell too many too fast next time.

Jeff 10:41 am on Tuesday, January 24, 2017
Tags: SPXcampaign ( 2,265 )

SPX call spread stopped

#SPXcampaign Looks like the boredom could be over. Having to stop a call spread for the first time in awhile…

Bought to close $SPX Jan 27th 2280/2305 call spread for 6.65. Sold for 7.40 on Jan 13th.

Since an Upside Warning is still in effect, this could easily turn into a run up above 2300. I will be rolling the above spread to a higher, farther out call spread. Also keeping a watch on the Jan 30th 2280/2305 spread I sold yesterday. Will cut it loose if we don’t stop at 2280.

The Jan 25th 2285/2310 call spread that closed on my GTC order this morning for .20? Now trading for 2.30. This is why I don’t allow close call spreads to expire, even if there’s only one day left.

Jeff 9:21 am on Tuesday, January 24, 2017
Tags: SPXcampaign ( 2,265 )

SPX trades

#SPXcampaign Sold to Open $SPX Feb 24th 2330/2355 call spreads for 1.40, earlier when SPX was at 2271.

Bought to close SPX Jan 25th 2215/2240 put spread for .20, and Jan 25th 2285/2310 call spread for .20, earlier when SPX was wavering between 2268 & 2270. Sold as an iron condor for 4.00 last Wednesday.

Jeff 6:42 am on Tuesday, January 24, 2017
Tags: Earnings ( 3,114 ), IronButterfly ( 141 )

COF earnings

#Earnings #IronButterfly Trying the same approach on this one. Has not moved much on earnings, except for 2 outlier moves in 2015. So it’s a decent candidate for an IB. Also, banks have not been moving much this quarter on earnings, after their bullish runs since the election.

Sold to Open $COF Jan 27th 85/87/89 iron butterfly for 1.60. Max loss .40.

Here are its one-day moves:
Oct. 25, 2016 AC 0.05%
July 21, 2016 AC -1.41%
April 26, 2016 AC -2.17%
Jan. 26, 2016 AC 4.83%
Oct. 22, 2015 AC 8.24%
July 23, 2015 AC -13.12%
April 23, 2015 AC -1.73%
Jan. 22, 2015 AC 1.83%
Oct. 16, 2014 AC -2.67%
July 17, 2014 AC -0.24%
April 16, 2014 AC -0.35%
Jan. 16, 2014 AC -5.29%

Average move: +/- 3.5%
Avg move if you remove the 2 outliers: +/- 1.7%

Jeff 6:39 am on Tuesday, January 24, 2017
Tags: Earnings ( 3,114 ), IronButterfly ( 141 )

JNJ earnings update

#Earnings #IronButterfly In this bullish market, a gap down is the best for an IB when we have 3 days left to expiry. Yesterday sold the Jan 27th 113/115/117 iron butterfly for 1.35.

Just now, bought to close the 115 calls for .05. Now I have until Friday for JNJ to recover toward the 115 area, allowing me to close the puts for cheap. It may not happen, which means loss will be .70 on the trade.

Jeff 2:52 pm on Monday, January 23, 2017
Tags: SPXcampaign ( 2,265 )

VIX Indicator and SPX Chart…

VIX Indicator and SPX Chart have been updated

#spxcampaign

Jeff 12:09 pm on Monday, January 23, 2017
Tags: Earnings ( 3,114 ), IronButterfly ( 141 )

JNJ earnings iron butterfly

#Earnings #IronButterfly Sold to Open $JNJ Jan 27th 113/115/117 iron butterfly for 1.35. Slightly bullish position, and we have until Friday for it to settle in.

Jeff 8:59 am on Monday, January 23, 2017
Tags: SPXcampaign ( 2,265 )

SPX puts sold

#SPXcampaign Sold to Open $SPX Feb 24th 2150/2125 put spreads for 1.35, earlier when SPX was at 2266.

Jeff 6:52 am on Monday, January 23, 2017
Tags: SPXcampaign ( 2,265 )

SPX puts closed

#SPXcampaign Bought to close $SPX Feb 3rd 2125/2100 put spreads for .20. Sold for 1.45 on Jan 3rd.

Jeff 6:49 am on Monday, January 23, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

SPX Condor sold

#SPXcampaign #CondorRoll The consolidation continues with the small gap down immediately recovering. Continuing to sell 1-week out 4-dollar(ish) condors:

Sold to Open $SPX Jan 30th 2220/2245/2285/2310 iron condors for 4.35, with SPX at 2270.

Jeff 6:02 am on Monday, January 23, 2017

Econ Calendar for week of 1/23/17

Blue star = Market Moving Indicator; Yellow square = Merits Extra Attention; Pink Circle = Other Key Indicator

Jeff 1:50 pm on Friday, January 20, 2017

VIX Indicator and SPX Postion…

VIX Indicator and SPX Postion Chart have been updated

Jeff 1:20 pm on Friday, January 20, 2017
Tags: ContangoETFs ( 446 ), Earnings ( 3,114 ), OptionsExpiration ( 796 ), ShortCalls ( 979 ), ShortPuts ( 4,772 ), SPXcampaign ( 2,265 ), VXXGame ( 769 )

Options Expiration 1/20/17

#OptionsExpiration #SPXcampaign #ShortCalls #ShortPuts #Earnings #ContangoETFs #VXXGame

— Expired w/Max Profit —
DUST 60 call
FB 110 put
NFLX 105.71, 120, and 125 puts
NUGT 30 call
UVXY 37 calls
SPX 2300/2325 calls

— Expiring w/loss —
PG 82.5/84.5/86.5 iron butterfly

Jeff 1:09 pm on Friday, January 20, 2017
Tags: Rolling ( 465 ), ShortCalls ( 979 ), VXXGame ( 769 )

SVXY rolls

#VXXGame #ShortCalls #Rolling
BTC SVXY Jan 20th 95 call for 16.05. Rolled to: June 135 calls for 8.05 (x2)
BTC SVXY Jan 20th 105 calls for 6.10. Rolled to: June 140 calls for 6.60

Jeff 12:57 pm on Friday, January 20, 2017
Tags: SPXcampaign ( 2,265 )

SPX trades

#SPXcampaign Final put spread of the week and three closed spreads…

Sold to Open $SPX Feb 16th 2165/2140 put spreads for 1.30

Bought to close Jan 27th 2180/2155 put spreads for .20. Sold for 1.40 on Jan 5th.
Bought to close Jan 23rd 2090/2315 call spreads for .20. Sold for 4.35 on Jan 11th.
Bought to close Feb 10th 2350/2375 call spreads for .20. Sold for 1.30 on Jan 10th.

Jeff 11:48 am on Friday, January 20, 2017
Tags: CoveredCalls ( 2,209 ), Earnings ( 3,114 ), Gold ( 26 )

RGLD Covered Calls

#CoveredCalls #Gold #Earnings
STO $RGLD April 80 call for 2.00

Jeff 10:43 am on Friday, January 20, 2017

SPX spreads on the Tasty platform

Has anyone confirmed the commission cost to sell an SPX spread?

Jeff 6:56 am on Friday, January 20, 2017
Tags: SPXcampaign ( 2,265 )

SPX calls sold

#SPXcampaign Sold to Open $SPX Feb 16th 2335/2360 call spreads for 1.40, with SPX at 2275

Jeff 12:02 pm on Thursday, January 19, 2017
Tags: ShortCalls ( 979 ), VXXGame ( 769 )

UVXY calls

#VXXGame #ShortCalls STO UVXY Jan 27th 37 calls for .75

Jeff 11:30 am on Thursday, January 19, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

SPX puts closed

#SPXcampaign Bought to close $SPX Jan 19th 2240/2215 put spreads for .40. Sold as part of a #CondorRoll for 3.25 on Jan 11th. Letting the 2300/2325 call side expire. Because this settles tomorrow morning, could not risk an overnight gap, especially with the weakness we’re now seeing.

Jeff 11:12 am on Thursday, January 19, 2017
Tags: Earnings ( 3,114 ), IronButterfly ( 141 )

PG earnings

#Earnings #IronButterfly Not a big mover on earnings, so playing for calm.

STO $PG Jan 20th 82.5/84.5/86.5 iron butterfly for 1.28. Risking .72 to make 1.28.

Jeff 7:14 am on Thursday, January 19, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

SPX spreads closed

#SPXcampaign

In pre-market, Bought to close $SPX Jan 31st 2330/2355 call spreads for .20. Sold as part of a #CondorRoll for 4.80 on Jan 6th.
Just after the bell, Bought to close $SPXPM Jan 20th 2225/2200 put spreads for .20. Sold for 2.65 on Jan 5th.

Jeff 7:06 am on Thursday, January 19, 2017
Tags: Earnings ( 3,114 ), ShortCalls ( 979 ), ShortPuts ( 4,772 )

NFLX trades

#Earnings #ShortCalls #ShortPuts
With the success of yesterday’s bullish trades, I am closing NFLX positions that were rolls from failed October earnings trades.
BTC NFLX March 95 put for .15. Sold for 2.55 on 10/24
BTC NFLX March 90 put for .12. Sold for 2.97 on Nov 14th
BTC NFLX March 150 calls for 2.77. Sold for 4.50 on Oct 21st

Jeff 3:49 pm on Wednesday, January 18, 2017
Tags: CondorRoll ( 191 ), OptionsExpiration ( 796 ), SPXcampaign ( 2,265 )

Options Expiration 1/18/17

#OptionsExpiration #SPXcampaign
Expiring: SPX 2290/2315 call spreads, sold as part of a #CondorRoll for 4.65 on 1/10.

Jeff 9:50 am on Wednesday, January 18, 2017
Tags: CondorRoll ( 191 ), SPX ( 105 ), SPXcampaign ( 2,265 )

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

Jeff 6:54 am on Wednesday, January 18, 2017
Tags: SPXcampaign ( 2,265 )

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.

Jeff 6:40 am on Wednesday, January 18, 2017
Tags: Earnings ( 3,114 )

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%

Jeff 9:03 am on Tuesday, January 17, 2017
Tags: SPXcampaign ( 2,265 )

SPX calls closed

#SPXcampaign Bought to close $SPX Feb 3rd 2350/2375 call spreads for .20. Sold for 1.30 on Jan 6th.

Jeff 6:49 am on Tuesday, January 17, 2017
Tags: SPXcampaign ( 2,265 )

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.

Jeff 6:12 am on Tuesday, January 17, 2017

Econ Calendar, week of 1/16/17

Blue star = Market Moving Indicator; Yellow square = Merits Extra Attention; Pink Circle = Other Key Indicator

Jeff 1:15 pm on Friday, January 13, 2017

https://optionsbistro.files.wordpress.com/2017/01/market-closed-monday.jpg

Jeff 1:13 pm on Friday, January 13, 2017
Tags: ContangoETFs ( 446 ), OptionsExpiration ( 796 ), ShortStrangles ( 716 ), SPXcampaign ( 2,265 )

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

Jeff 12:48 pm on Friday, January 13, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

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

Jeff 12:42 pm on Friday, January 13, 2017
Tags: ShortCalls ( 979 ), VXXGame ( 769 )

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.

#VXXGame #ShortCalls

Jeff 12:34 pm on Friday, January 13, 2017
Tags: Earnings ( 3,114 ), Rolling ( 465 ), ShortStrangles ( 716 )

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

Jeff 6:56 am on Friday, January 13, 2017
Tags: CoveredCalls ( 2,209 ), Rolling ( 465 ), StrangleRoll ( 49 )

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

Jeff 6:52 am on Friday, January 13, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

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.

Jeff 1:05 pm on Wednesday, January 11, 2017
Tags: CondorRoll ( 191 ), OptionsExpiration ( 796 ), Rolling ( 465 ), SPXcampaign ( 2,265 )

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.

Jeff 12:41 pm on Wednesday, January 11, 2017
Tags: VXXGame ( 769 )

UVXY reverse split tomorrow!

#VXXGame

Jeff 1:31 pm on Tuesday, January 10, 2017
Tags: CondorRoll ( 191 ), Rolling ( 465 ), SPXcampaign ( 2,265 )

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.

Jeff 11:54 am on Tuesday, January 10, 2017
Tags: SPXcampaign ( 2,265 )

SPX puts closed

#SPXcampaign Bought to close $SPX Jan 23rd 2165/2140 put spreads for .20. Sold for 1.60 on Jan 3rd.

Jeff 8:52 am on Tuesday, January 10, 2017
Tags: SPXcampaign ( 2,265 )

SPX call spread sold

#SPXcampaign Sold to Open $SPX Feb 10th 2350/2375 call spread for 1.30, with SPX at 2277.

Jeff 8:02 am on Tuesday, January 10, 2017
Tags: SPXcampaign ( 2,265 )

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).

Jeff 7:08 am on Tuesday, January 10, 2017
Tags: CoveredCalls ( 2,209 ), Earnings ( 3,114 ), Long ( 10 )

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

Jeff 4:47 pm on Monday, January 9, 2017
Tags: VIXIndicator ( 294 )

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.

Jeff 4:13 pm on Monday, January 9, 2017
Tags: OptionsExpiration ( 796 ), SPXcampaign ( 2,265 )

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.

Jeff 12:44 pm on Monday, January 9, 2017
Tags: SPXcampaign ( 2,265 )

SPX calls closed

#SPXcampaign Bought to close $SPX Jan 19th 2340/2365 call spreads for .20. Sold for 1.50 on Dec 16th.

Jeff 7:09 am on Monday, January 9, 2017
Tags: SPXcampaign ( 2,265 )

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.

Jeff 6:44 am on Monday, January 9, 2017
Tags: SPXcampaign ( 2,265 )

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.

Jeff 6:32 am on Monday, January 9, 2017

Econ Calendar week of 1/9/17

The blue stars are for “Market moving Indicators”.

Jeff 1:10 pm on Friday, January 6, 2017
Tags: OptionsExpiration ( 796 ), SPXcampaign ( 2,265 )

Options Expiration 1/6/17

#OptionsExpiration #SPXcampaign
Expiring: $SPX 2225/2200 put spreads, sold for 2.40 on Dec 23rd

Jeff 10:35 am on Friday, January 6, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

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.

Jeff 10:06 am on Friday, January 6, 2017
Tags: SPXcampaign ( 2,265 )

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.

Jeff 9:58 am on Friday, January 6, 2017
Tags: ReverseRoll ( 144 ), SPXcampaign ( 2,265 )

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.

Jeff 8:56 am on Friday, January 6, 2017
Tags: VIXIndicator ( 294 )

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

Jeff 8:43 am on Friday, January 6, 2017
Tags: SPXcampaign ( 2,265 )

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.

Jeff 5:51 am on Friday, January 6, 2017
Tags: Jobs ( 142 ), Market ( 69 )

December JOBS report

#Jobs #market

+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

Jeff 2:35 pm on Thursday, January 5, 2017

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

Jeff 1:00 pm on Thursday, January 5, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

SPX ITM call-roll

#SPXcampaign Sold to Open $SPXPM Jan 20th 2275/2300 call spreads for 8.60, completing the #CondorRoll from earlier today.

Jeff 12:41 pm on Thursday, January 5, 2017
Tags: SPXcampaign ( 2,265 )

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.

Jeff 12:38 pm on Thursday, January 5, 2017
Tags: ContangoETFs ( 446 ), ShortCalls ( 979 )

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

Jeff 11:04 am on Thursday, January 5, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

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.

Jeff 9:13 am on Thursday, January 5, 2017
Tags: SPXcampaign ( 2,265 )

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

Jeff 7:28 am on Thursday, January 5, 2017
Tags: SPXcampaign ( 2,265 ), VIXIndicator ( 294 )

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.