#shortcalls
NUGT Jan 2019 $64 call closed $2.10, sold $4.10. redeploying cash
Author Archives: ncroadrunr
Sell BeCS as IWM approaches…
Sell BeCS as IWM approaches 20 and 50 daily ma Feb 23 $153.5/157 for $1.05 credit. I noticed ATM puts are much more expensive than calls, so sell call spread risking 2.45 to make 1.05.
#coveredcalls Rolled NUGT Feb 16…
Rolled NUGT Feb 16 $27 call to Mar 16 $30 call for $1.10. I entered trade about 11 am when NUGT was about $28, looking now I could have held till expiration (worthless.)
#rolledup $UVXY rolled Feb 02…
#rolledup $UVXY
rolled Feb 02 $10 calls to Mar 16 $11 call for $1.05 credit. I expect by March the UVXY will revert to trend and be well below the strike.
rolled second tranche Feb 02 $11 call to Feb 16 $12 for 0.50 credit. I will be out of town next week and half with limited internet availability.
#bearcallspreads $UVXY Sell to open…
#bearcallspreads $UVXY
Sell to open Feb 02 11/16 bear call spread. I like to see what ROI is on these triple ETF/ETN instruments. I have noticed when ROI on ATM buy writes exceed 5% it is very unlikely to be called away. SO This one presently offers a 7.74% ROI. I limit my margin/risk by employing a spread. Let’s see if it doesn’t turn down later today or tomorrow.
$rolled calls
UVXY Jan 26 $10 call sold for 0.31 (last 0.01), rolled to Feb 02 $10 for 0.50
#coveredcalls $SVXY Buy to close…
#coveredcalls $SVXY
Buy to close Jan 26 $134 calls for 0.38, sold Jan 18 for $2.67
#buywrite $UVXY buy UVXY at…
#buywrite $UVXY
buy UVXY at $9.76, sell Jan 26 $10 call for 0.35, if exercised 5.8% ROI so placed stop at $9.54 to keep very small profit. I may sell stock (if gain on pop) and buy 13 call for 0.05 since unlikely to exercise, undecided.
#covercalls $NUGT Sell Feb 02…
#covercalls $NUGT
Sell Feb 02 $35 calls for $0.75. According to my back of envelope calculations if I entered a buy write at that moment it would yield 8% for 2 weeks – too god to be true. My original cost in stock is $38, so continuing to sell options to work down that basis.
#coveredcalls $SVXY BTC Jan 19…
#coveredcalls $SVXY
BTC Jan 19 $120 call for $12.65, got greedy earlier today when price touched $11. Still made 0.50 per contract. I am allowing the second tranche of 120 calls to be exercised on stock bought for $135.4. I sold this tranche for $15.20, so net slight loss on exercised portion. Overall trades were slightly profitable.
IRA also had covered call $134 covered call. I previously rolled out Jan 19 $134 out 1 week for $2 credit. Net cost per share $130.25. Next week may be challenging as we appear headed lower short-term.
#goldminers $NUGT BTC Jan 19…
#goldminers $NUGT
BTC Jan 19 $31.5 for $1.90, sold Jan 2 for $2.90. Not as good as expected but it could have been much worse. I own stock at $38 from Sept 14 near its peak, when will I learn about stops?
#coveredcall $SVXY Well the $134…
#coveredcall $SVXY
Well the $134 Jan 19 covered call bought yesterday for $131.50 went south pretty fast. I rolled the Jan 19 $134 call to Jan 26 for a $2 credit this morning when SVXY near bottom ($129.80.) Funny now it is back over $134.
#coveredcalls $SVXY buy at $133.57,…
$SVXY buy at $133.57, sell Jan 19 $134 call for $2.02, if exercised 1.86% ROI
#Bear call spread $BABA Buy…
#Bear call spread $BABA
Buy to close Jan 19 190/200 calls for $0.15, sold Jan 9 for $2.15,
freeing margin to sell $UVXY calls.
$SVXY #shortcalls Rolled my short…
$SVXY #shortcalls
Rolled my short Dec 15 $116 calls out to Jan 19 $120 for $1cr, and long Dec 22 $129 calls out to Jan 19 $145 for $1cr.
Also rolled covered Dec 15 calls out to Dec 29 $118 for 0.50db, still net gain $1.50 if exercised.
I split the number of contracts because I sold half the stock to cover a car purchase. This gives me time to repurchase the shares after exercised Dec 29. Hopefully the stock will correct shortly after.
NUGT #coveredcalls Rolled out Dec…
NUGT #coveredcalls
Rolled out Dec 15 $26 call to Jan 05 $28 Call for 0.05cr. Basis is $25.85 so solidly in the black.
$SVXY #coveredcalls rolled out Dec…
$SVXY #coveredcalls
rolled out Dec 08 $114 calls to Dec 15 $116 calls for 0.10cr, gain $2 for week long wait.
$SVXY #shortputs buy to close…
$SVXY #shortputs
buy to close Dec 08 $100 puts for $2.00, sold 11/22 for $2.90
$UVXY #shortstock buy to cover…
$UVXY #shortstock
buy to cover UVXY at $13.10, sold 11/3 for $14 (call exercised). My indicators show negative divergence on SP-500, we’ll see but taking protective action.
edit: call not put
$UVXY #shortstock buy to close…
$UVXY #shortstock
buy to close half position at $13.10, put to me at $14, sold few weeks of covered puts net additional $1.83, not bad!
$SVXY #shortputs #shortstock Buy to…
$SVXY #shortputs #shortstock
Buy to cover half my SVXY 114.07, shorted 102.10!
Stubborn isn’t working yet again.
Buy to cover Dec 01 $105 put for 0.53, sold for 0.90 keeping equal to short ETF.
$SVXY #shortputs sold Dec 08…
$SVXY #shortputs
sold Dec 08 $110 put for $2.90 on pullback to 113.47.
$SVXY #shortputs Bought to close…
$SVXY #shortputs
Bought to close Nov 24 $103 put for 0.10, sold Friday for $1.56
#optionsexpiration Expiring worthless $SVXY Nov…
#optionsexpiration
Expiring worthless
$SVXY Nov 17 93P
$SVXY Nov 17 94 P
$SVXY Nov 17 100P
$NUGT Nov 17 $30C
$SVXY Nov 17 110/115 Call spread
$SVXY #coveredputs sold SVXY for…
$SVXY #coveredputs
sold SVXY for $102.10, and Nov 17 $100 put for $1.40, yielding 3.38% if exercised
$SVXY #shortcallspreads BTC Nov 17…
$SVXY #shortcallspreads
BTC Nov 17 110/115 bear call spread for 0.05, sold yesterday for 0.45
$SVXY #shortputs BTC Nov 17…
$SVXY #shortputs
BTC Nov 17 $94 puts for 0.65, sold Nov 9 for $1.20.
$SVXY #shortcalls Sold Nov 17…
$SVXY #shortcalls
Sold Nov 17 $110/115 BeCS for 0.45, delta 0.18
UVXY #shortstock #shortputs #shortcalls Last…
UVXY #shortstock #shortputs #shortcalls
Last week was exercised on naked call ($1.25) at $14. Today I elected to cover potential margin call by selling $15 put ($0.73) and buying $19 protective call ($0.13). I think this will mitigate my risks to a low cost worst case $3.15 (19-14-1.25-0.60). However more likely is a small gain if present trends continue $0.85 (14+1.25+0.6-15), and acceptable return. Does anyone see any flaws in plan?
NUGT #shortcalls BTC Sept 15…
NUGT #shortcalls
BTC Sept 15 $35 call for $6.15, sold 8/28 for $3.55 early this morning . . . should have waited as prices fell fast, now $3.80 heck!
UVXY #shortcalls BTC Sept 15…
UVXY #shortcalls
BTC Sept 15 $32 call for 0.30, sold last Friday for $2.06
DUST
buy at $21.25
trying to roll Sept 15 $19 call to Sept 22 $23 put for even money.
UVXY #coveredcalls BTO stock, sold…
UVXY #coveredcalls
BTO stock, sold ATM call expiring tomorrow for $30.50, ROI 3.3% if called.
stock 30.44, 31.5 Sept 08 0.94. stop at 31.
$SVXY #shortputs BTC Sept 15…
$SVXY #shortputs
BTC Sept 15 $70 put for $1.00, sold Aug 22 for $2.10
SVXY #shortcallspreads STO BeCS Sept…
SVXY #shortcallspreads
STO BeCS Sept 08 80/85 for $1.50cr, SVXY at resistance 20 day ma. We’ll know in a week plus 1 day.
NUGT
Buy stock at $37.32, sell calls (partial coverage) Sept 15 $35 for $3.60. Maybe later this week will get more premium for remainder of calls to cover.
SVXY #shortputs BTC Sept 28…
SVXY #shortputs
BTC Sept 28 $55 put for $1.10, sold for $3.18 10 days ago.
UVXY
Roll Sept 08 $32.5 put to Dec 15 $50 call for $2.20 cr. I want to close my short UVXY on my timing and not wait to be put offsetting shares in 2 weeks. I believe the Dec call is safe from margin calls in forseeable future.
DUST
STO Aug 25 $26 calls for 0.20, 1 day to expiration should be easy money. Stock at $25.55 at time of sale.
UVXY #shortcalls STO Aug 25…
UVXY #shortcalls
STO Aug 25 $44 calls for 0.16 and 0.07 what looks like easy money 1 day to expiration.
UVXY
STC part of strangle Aug 25 $32 put closed for $1.10, bought for $1.30, missed my chance earlier today to sell for over $2, too bad.
NUGT #shortcalls BTC Sept 15…
NUGT #shortcalls
BTC Sept 15 $35 call for $1.70, sold week ago for $1.95, risk off play.
UVXY #shortcalls STC Aug 25…
UVXY #shortcalls
STC Aug 25 $32 call for $1.50, sold Tuesday for $1.98, closing ATM options if profitable. I fear a continuation of the downtrend in the market.
SVXY #shortcalls STC Sept 15…
SVXY #shortcalls
STC Sept 15 $90 call for 0.30, bought Aug 21 for 0.18, small but steady in the right direction.
UVXY #shortcalls BTC Sept 15…
UVXY #shortcalls
BTC Sept 15 $35 calls for $2.65, sold Aug 10 for $10.65
UVXY #shortcalls #longput Took a…
UVXY #shortcalls #longput
Took a flyer selling $32 call and buying $32 put for 0.60 credit, expires Friday so if no downward movement let’s just stay about $32.
edit credit value.
SVXY
STC Aug18 $81P rolled out to Sep29 $55 and Dec15 $60P for slight credit. Monday we should have more clarity of direction of markets, and hence volatility.
SVXY #shortcalls Decision time approaching…
SVXY #shortcalls
Decision time approaching today – take assignment at 81 or realize loss of $11+. I think it will reverse slowly, once it settles at a bottom. The bubble has burst and a snap-back recovery, without tax reform, seems unlikely. Too many variables – I hope I’m not missing any?
NUGT #shortcallspreads Add to position…
NUGT #shortcallspreads
Add to position selling Sep 15 35/40 call for 1.15, same rational going back 2 months since NUGT at 35. As gold goes so goes the miners. Let’s hope an incident doesn’t occur in next month which would likely spike gold, even momentarily.
NUGT #shortcallspreads Sell BeCS Sep…
NUGT #shortcallspreads
Sell BeCS Sep 15 36/41 for 0.95, price is nearing upper Bollinger Band – 32.90 now and if upper band is resistance tops out at 34.20 well below short call.
VIX
I notice VIX-X moved 5% today while UVXY and SVXY have moved less than 1%. Are we likely to see a stronger move when these ETFs do move? Or are they signaling a likely reversal of VIX-X? Anyone else analyzing these securities?
NUGT #shortcalls BTC Aug 18…
NUGT #shortcalls
BTC Aug 18 $35 call for 0.19, sold Thursday for 0.50. Time to lighten short gold as calm resumes, for now. I’m now ready (high cash) for the next move.
SVXY #shortcalls BTC Dec 15…
SVXY #shortcalls
BTC Dec 15 $70 calls for $17.00, sold for $17.20, did better Friday selling half position for $15.75. This partial buy/sell approach reducing potential profit but averages out these ugly bumps.
UVXY #shortputs BTC $30 Aug…
UVXY #shortputs
BTC $30 Aug 25 put for 1.65, sold last Wed for $2.15. Missed low on Friday
NUGT
selling stock as prices fall $31.99 pre-market and $32.11 at open, bought for 31.50 and 36.60 (lesson learned about gold triple ETF.)
UVXY #shortstock short at 32.59,…
UVXY #shortstock
short at 32.59, so far so good.
NUGT #shortcallspreads BTC Sep 15…
NUGT #shortcallspreads
BTC Sep 15 34/50 call spread for $1.43, sold for $3 in leg-in earlier this week and last week.
NUGT #shortcalls BTC Dec 15…
NUGT #shortcalls
BTC Dec 15 $34 call for $4.60, sold last week for $6.60
UVXY #shortcalls STO Aug 04…
UVXY #shortcalls
STO Aug 04 $30 call for 0.75, expires Friday
NFLX #shortstrangles BTC Aug 18…
NFLX #shortstrangles
BTC Aug 18 175P/195C for $2.90, sold for $5.60 7/21
UVXY #shortcalls Expiring Jun 28…
UVXY #shortcalls
Expiring Jun 28 31/40 BeCS sold yesterday for 0.85
NUGT #shortcalls BTC NUGT 33.5…
NUGT #shortcalls
BTC NUGT 33.5 Aug 11 for $1.20, sold earlier today for $2.10
UVXY
STO BeCS Jun 28 31/40 for 0.85, expires tomorrow price falling fast.
GOOG
I sold todays assigned stock at $946.65, held 970 put until it hit $40 (missing last $10.) I expect to net out all trades in GOOG for week (began with 1010/990/970 IC for 19.75) at -$2.75 considering being put yesterday and today at 990 and selling, hoping to get greater gain from 970 put – true today +$16, not yesterday -$6 .
A rollercoaster ride that I hope to learn from – don’t trade in first 15 minutes until last nights trades clear, then watch for a trend. If it has run for three pullback touches of 5 ema expect next touch to break thru on strong reversal.
GOOG
Assigned another lot at $990. Yesterday I sold the 970 call early and held the stock till near end of day – expecting margin call that never came. Today do I expect the same price action, or the opposite???? Decisions
GOOGL
I was put some of my shorts at $990, now I need to close offsetting 970 puts and then hope for a rally. Or maybe roll out a week at a time until I work down the premium. What are you doing Jeff? I see fuzzy got cleared, at breakeven, already.
$DUST #coveredcalls Roll June 23…
$DUST #coveredcalls
Roll June 23 $35 to July 07 $30 for 0.85cr still further to fall I think
BTC Aug18 $38 for $1.25, sold for $2.15 same strategy
$NUGT #coveredcalls, #shortputs Roll June…
$NUGT #coveredcalls, #shortputs
Roll June 30 $34 to July 07 $34.5 for 0.30 credit
BTC yesterday July 21 $37 for 0.85, sold for $1.20 will resell if price rises
BTC yesterday June 30 $34 for 0.36, sold for 0.65, same plan as price heads up
expiration Put June 23 $23.5 sold yesterday for 0.25
edit for put price
$ NUGT #coveredcalls BTC Jun…
$ NUGT #coveredcalls
BTC Jun 16 $34 call for 0.30, sold last week for $3.81
BTC Jun 16 $32 call for 0.80, sold last week $3
The DUST is looking much better. I ride the see saw owning both sides of the gold trade.
$SVXY #coveredcalls I am looking…
$SVXY #coveredcalls
I am looking for advice – what could go wrong?
I own stock at $131 (paid*) with a short Dec 16 $100 call presently worth $65.50 (sold for $36.50 before I purchased stock to cover*).
I am considering rolling up to $140 call for $30db. My calculations show, if called away in Dec, I will get an additional $10 per share. Am I wrong? What am I missing?
Thank you.
*edit to clarify costs profitable
$NUGT #shortcalls STO June 09…
$NUGT #shortcalls
STO June 09 $35 call for 0.40 this AM for quick scalp.
$DUST #shortcalls BTC June 16…
$DUST #shortcalls
BTC June 16 $35 call this AM for 0.10, sold for $1.45 2 weeks ago.
$SVXY #shortputs Roll out $145…
$SVXY #shortputs
Roll out $145 put to next week for $1.95. Gain on this week’s put 0.85
$SVXY #coveredcalls I will be…
$SVXY #coveredcalls
I will be raising cash with SVXY called away at 152 and 153, small but positive gain.
$DUST #coveredcalls STO Dec 15…
$DUST #coveredcalls
STO Dec 15 $40 calls for $4.80. I’m hoping this will be assigned for a 35% ROI, stock at 28.13, my basis higher about $34.25
Options Bistro 