Only 2 expirations and no more volatility trades until December.

SVXY40 puts

SVXY 45 puts

According to the WSJ, this September is the least volatile for the S&P 500 since 1951 or about 66 years.

STO January 19, 2018 95 puts @1.10 with the stock at105.91

BTC October 20, 40 puts @.05,sold @ 2.00 and closed 3 weeks early.

STO January 2019, 95 puts @2.80 with stock at 116.53

SVXY: 40 puts, 50 puts, 55 puts.

That is it for today and I am going to the gym. Have a nice weekend.

In my IRA, STO January 2018, 30 puts @.85

STO March, 35 puts @1.40
EFX, STO January 2018, 50 puts @1.15
They will not go out of business IMHO

This is my last big one until December and January. Now I am going out for happy hour. I hope that we all have a nice weekend.

Covered call, HRL 35 call. I will sell them again next week.

SVXY: 30 puts, 32.5 puts, 37.5 puts, 40 puts, 42.5 puts, 44 puts, 45 puts, 45.5 puts, 46 puts, 47 puts, and 50 puts.

I am back. I got electrical power yesterday.

STO January 2019 30 puts @4.40, starting to scale some positions in at levels I want to own these.

STO January 30 puts @1.25, starting to replace some puts.

BTC all my short call positions to reduce risk and free up more cash. They were only six positions and only 1 contract per expiration. I made a small amount of money on these. Nothing to write home about.

I have been busy closing out a lot of positions for small profit and gains as well as some nice profits. I am now in 60% cash and waiting for more expirations in September to bring me up to 70% cash. My feeling is that we need a correction and if the number on Friday is a big one we could get a taper tantrum in the bond market. We are also faced with the north Korea problem and don’t see a solution that one either. Timing is everything and I may be wrong but I am willing to wait until November to see how this plays out.

A bit ugly this morning.

Barron’s had a bearish article about the market and tesla as well.

SVXY, 50 puts,52.5 puts,55 puts,60 puts,62.5 puts, 65 puts

That is all for today. With everything that I covered, I am now in 44% cash. Everyone have a nice weekend

From August 7 to August 18, we dropped almost 28% from the high. Another drop like that will take us down to the 55 level. All we need is a 3% to 5% correction in the market which we have not had for quite a while. I am not predicting that event but September and October can be bad months for the market. That is why I am covering many of my put options and raising cash. If we get a pull back I want to take advantage of it.

I have had a nice year so far and don’t want to give it back if we get a violent correction. After the expiration today I will be 42% in cash and after the September 15 expiration I will be 54% in cash. I will still have put exposure in December and January from 22.5 to 50 on the SVXY but I think I can live with those positions if assigned. In the mean time I will continue to take risk off the table. Sorry if this is wrong or boring.

I closed the following for small profits to free up capital:

ALB, December 105 put @2.90

NVDA, December 100 put @.50

RL January 50 puts @.08

XBI September 15, 75 puts @.67

Good morning. BTC September 15, 22.5 puts @.01, closed 3 week early.

BTC January 62.5 puts and 55 puts for a small net loss. Just continuing to free up more capital and reduce risk. The market does not feel right to me but I have often been wrong.

Taking some more risk off the table.

BTC January 200 puts @.50, sold @5.10

BTC January 2018, 140 puts @ 1.58, sold @ 5.36

BTC January 2018, 30 puts @1.50, sold @2.05

BTC December 32 puts @ .55, sold @ 1.30, just taking more risk off the table. Also BTC January 2018, 30 puts @ .55, sold @ 1.35

BTC October 45 puts @.37 after it surfaced today. I was tired of looking at the loss on this one. I sold it at 1.05 so a small profit at last.

I wonder how many shorts there are in the VIX and how many longs there are in the SVXY.

I want to free up margin in case yesterday was a head fake like Jeff said.

BTC

TRIP Sep.15, 35 puts @.10

MU Oct. 20, 28 puts @1.02

TSCO Oct. 20, 55 puts @1.40

TSCO Oct. 20, 50 puts @.37

ALXN Nov. 17, 70 puts @.09

ADI Sep. 15, 67.5 puts @.10

This could be an interesting day.

I did the same with my December 65 short calls. BTC At 5.95 where I sold them and sold the December 91 calls @4.40,picking up a better strike price.

Gartman says he is uneasy  being short.

BTC January 2018, 65 call @ 6.95 for the same price I sold them at and, STO January 91 calls @5.35 picking up 26 points in the strike price.

After I win the powerball I will take a vacation from trading unless I get bored.

Just a few thoughts. Since the high on August 8, we have retreated a bit more than 20% from the high. It seems to me that if we ever got a real correction or panic in this market, we could see this ETF down in the 20 to 25 range. I am not predicting but looking over my shoulder.

I am getting nervous about this market so, BTC December 70 puts @2.48, Sold @ 4.60

BTC December 55 puts @7.30, sold at 10.10 I am just not comfortable with this stock so closing early.

STO September 15, 95 covered calls @2.05

I will have the following expirations in my IRA today:

SVXY: 42.5 puts,45 puts, and 47.5 puts

I will be assigned on INGN 95 puts but the cost basis will be 90.32 and will write covered calls next week.

I have the following SVXY expirations today:

37.5 puts,40 puts,42.5 puts,45 puts,47.5 puts,55 puts,56 puts,57 puts,58 puts, and 59 puts.

STO December 30 puts @1.55

STO December 25 puts @.97

STO September 8, 91 call @ 1.32

STO September 22, 91 call @2.80

STO September 29, 91 call @3.55 on 1 contract of each.

Hat tip to Iceman for the idea

STO September 15, 91 call @ 1.99

STO March 2018, 40 puts @4.10
STO January 2019, 40 puts @7.95

STO September 29, 45 puts @1.05

STO March 2018, 91 call @ 7.40 on 1 contract.

STO January 91 call @ 5.85 on 1 contract

STO January 2018, 275 put @10.10 on 1 contract.

STO February 2018, 24 puts @.57

STO March 2018, 45 puts @4.10

STO September 29, 40 puts @.75

STO January 2019 80 covered call @24.05 earlier this morning on 1 contract. If I am called it will be over a 20% annualized return.

STO January 2019, 75 calls @22.40 which will offset some assignments today.t This will be a 20.7% return if I am called in 2019. I will be assigned the following:

72 puts, 72.5 puts,73.5 puts, 74 puts, and 75 puts.

My expirations are 45 puts,42.5 puts, 40 puts, and 70 puts which came close.

Have a great weekend.

STO December 100 put @1.03 on 1 contract.

BTC January 120 call @ 1.95, sold @ 2.77

BTC January 125 call @ .95, sold @ 2.75

BTC January 132.5 call @ 1.56, sold @ 2.15

BTC January 130 calls @ 1.05, sold @ 2.05

BTC January 135 calls @.75, sold @2.05

STO UVXY December 82 call @9.55 on 1 contract.

This will be another interesting day. I still have some fire power left but am going to wait until I see the T2108 go below 5% or 10%. That will tell me that the market is oversold.

STO September 8, 50 puts @1.30

Anyone know where the T-2108 is trading today?

STO September 22, 40 puts @1.05

STO December 15, 40 puts @2.55

STO September 22, 50 puts @1.85

In my IRA, STO September 15, 50 puts @1.45

STO September 15, 50 puts @1.50 but staying small.

It is going to be interesting today and tomorrow.