$NUGT #coveredcalls
Playing it safe BTO NUGT $33.05, STO May 12 $32.5 Call $1.05 for ROI 1.56% in day and half.
Author Archives: ncroadrunr
$DUST #shortcalls BTC Dust Jun…
$DUST #shortcalls
BTC Dust Jun 16 $36C for 2.80, 2.75; sold 4/27 for $4.10
$DUST
sold partial position at $34.78, bought 4/26 for $32.88. I expect a pullback after nearly 8% jump today. Gold is near 50 day MA, so I think a bounce is in order which will drive DUST lower. Keep tuned.
$DUST #shortcalls It looks like…
$DUST #shortcalls
It looks like one batch of Apr 28 $30 calls will be called away.
Another batch of Apr 28 $33 calls will expire. Whew, they had a 0.13 delta looking safe when sold, but DUST was trading over $34 yesterday and today, causing worry and shifting securities between accounts. I am ready for yard work this weekend to relax.
$DUST #goldminers STO Apr 28…
$DUST #goldminers
STO Apr 28 $33 calls for 0.30, delta 0.13 should be low risk.
#SVXY #volatility Roll Apr 21…
#SVXY #volatility
Roll Apr 21 $110 put to Apr 28 $110 put for $1.80 when stock at $126.72
$SVXY #shortputs STO Apr 21…
$SVXY #shortputs
STO Apr 21 $110 put for $1.35. Stock fell 10% this week, another 10% down – how likely- is $110 so should be safe.
$SVXY #shortputs BTC my Apr…
$SVXY #shortputs
BTC my Apr 13 $120 put for $0.10 cr. Originally sold yesterday for $0.80
I had a roll to next weeks $110 ready, if needed.
$SVXY STO Apr13 $120 put…
$SVXY STO Apr13 $120 put for $0.80, expires tomorrow with stock at $123.50
$DUST #shortcalls Yesterday I sold…
$DUST #shortcalls
Yesterday I sold an April 21 $28 call for $1, today I bought to close for $0.35
#buywrite #goldminers DUST enter buy…
#buywrite #goldminers
DUST enter buy write for $27.70, $28 call expiring Apr 07, ROI 8.3% if exercised
#coveredcalls #goldminers DUST called today…
#coveredcalls #goldminers
DUST called today at $31, sold call for $1.45, bought stock $30.95. A decent trade.
Slowly unwinding a full position in DUST that caught me a couple of weeks ago when DUST fell from $40 to $30.
#Shortputs #volatility SVXY BTC Mar31…
#Shortputs #volatility
SVXY BTC Mar31 $120 puts for 0.50, sold for 2.24 last Thursday.
#goldminers DUST Expired worthless Mar24…
#goldminers DUST
Expired worthless Mar24 $31 C sold today 0.25
Mar24 $30 C rolled to next week $31 C for 0.60 cr
done for week
#shortcalls #Volatility BTC Jan 2018…
#shortcalls #Volatility
BTC Jan 2018 $100 Calls for $57 (margin sale I didn’t see coming), sold $19.25 4 months ago. Once again held on too long expecting pullback that never came. Painful lesson. It has taken so many small trades to get wiped out in one extremely bad trade is disheartening.
#long put SVXY buy $110…
#long put
SVXY buy $110 Apr 07 put $2. I expect correction after all the “good” news is reported, anti-climatic.
#Bear Call Spread SVXY Apr…
#Bear Call Spread
SVXY Apr 07 120/130 calls sold for $7.05 – 2 weeks out
$DUST #shortcalls BTC Mar 10…
$DUST #shortcalls
BTC Mar 10 $41 calls for 0.05 an hour ago as price began rising
expiring Mar 10 $42 call
BTC Mar 17 40/45 call spread $1.55, sold for $1.14 (too early)
#shortcalls SVXY STC Mar 17…
#shortcalls
SVXY
STC Mar 17 $130C for $4.70, even. I bought this to cover a short Jan ’18 $100 C to reduce margin requirements. Now happy to break even.
BTC Mar 17 $110P for 0.65, sold for $3.00 2/16
$UVXY #shortcalls STO Jun 19…
$UVXY #shortcalls
STO Jun 19 $60 C for $4.45
Thanks Ramie
$SVXY
BTC March 31 $100P for 3.85, sold Jan 13 for 8.30
$DUST
sold 34.60 stock bought Wed for 32.95, small gain
$DUST
Is moving back up as gold pulls back. I plan to sell OTM covered calls near end of day.
VIX is quite low, also watching for reversal of indexes – like everyone else. Have we been lulled into complacency yet?
#optionsexpiration $UVXY Jan 20 $40…
#optionsexpiration
$UVXY Jan 20 $40 calls sold for 0.30, way outside the money
$NUGT #shortputs BTC Jan 20…
$NUGT #shortputs
BTC Jan 20 35 puts for $1.10, sold 1.50
BTC Jan 20 40 puts for $5.70, sold 4.00
It looks like gold has not found its top yet so I’ll hold off on DUST and perhaps trade NUGT instead.
#short calls DUST STO Jan…
#short puts
DUST
STO Jan 20 $35P for $1.50
STO Jan 20 40/35 BuPS $2.80
I am long (underwater) DUST from mid 50’s. I need to set stops to contain losses. My New Years resolution.
$DUST #coveredcalls sold stock 67.30…
$DUST #coveredcalls
sold stock 67.30 (too early) watching for one tranche 67 call expiring tomorrow. Next naked call $65 Jan 20. Worst case I expect to buy back below $67 before expiry.
$DUST
sold buy write DUST 68.29, Dec 16 $67C for 3.59. I entered slightly lower call for $3.59 price protection. The expected ROI is 3.55%, not excessive but neither certain. My rule is 5% or more is very unlikely to exercise, if ATM weekly.
$DUST
Dust is shooting up again the pre-market, after a gain >15% yesterday. It may run a while longer, so I’ll be rolling out my $55, $56 covered calls another week. I’ll roll some today and the remainder tomorrow in case there is a pullback. $64 presently.
$UPRO
BTC my Dec 16 75/81 BeCS for $3.55 net loss/share. Why wait another week to see if it expands from $5.50 to close to the full $6 value.
$SVXY
Rolled Dec 16 $70 calls to Dec 09 $70 calls, accidently selected debit, not credit for 0.25. Unloaded shares today and closed profitable, due to call premium of $11.45, position.
$DUST #coveredcalls Well the price…
$DUST #coveredcalls
Well the price is moving strongly upward, crossing the R3 line with small pullback to same.
Rolled Dec09 53 calls to Dec 16 $56 calls for $2, $2.20 credit, this is above cost basis.
$DUST #shortcalls #gold Roll short…
$DUST #shortcalls #gold
Roll short Dec 09 $52 calls to Dec 16 $55 calls for $1.65 credit,
Add short Dec 09 $53 Calls for $0.50 credit,
which is about R3 if that matters with this volatile security
$SVXY
Followed modified Iceman and Ramie trade: STO Jan 19 $70 puts for $3.20, I also have a short $100 call opened yesterday.
$SVXY #shortcalls #volatility rolled my…
$SVXY #shortcalls #volatility
rolled my Dec 16 70/105 call spread to naked Jan 19 $100 for $1 credit. $12 loss to make up. Other half of spread covered so will let it call away my shares.
$DUST #shortcalls STO Dec 09…
$DUST #shortcalls
STO Dec 09 $50 calls for $2.76 on rebound the 20 ema on 2 minute chart. I see an M pattern sell. We’ll see.
$DUST #coveredcalls BTC the Dec…
$DUST #coveredcalls
BTC the Dec 09 $55 calls $2 sold earlier for $3. I’ll look for another opportunity to sell more calls tomorrow, I hope.
$DUST #coveredcalls STO Dec 09…
$DUST #coveredcalls
STO Dec 09 $55 calls for $3 against stock acquired last week at 54.66, more to come.
$SVXY #shortputs STO Dec 02…
$SVXY #shortputs
STO Dec 02 $80 put for 0.10 all available actual price 0.14. Should be safe as price today didn’t serious threaten 81 since 10 AM.
$DUST #shortputs STO Dec 02…
$DUST #shortputs
STO Dec 02 $50 put for 0.85 earlier this afternoon, looking good.
$NUGT #shortcalls #gold BTC Dec…
$DUST #shortcalls #gold
BTC Dec 09 $50 call for $4, sold last week for $9
BTC Dec 16 $50 call for $5.30, sold 2 weeks ago for $8.36 roll from Nov 25$55 call for $5.50 credit. Finally clearing our short calls for a profit.
I expect gold to resume its drop next week so holding DUST to resell calls on rebound.
$DUST #SHORT CALLS STO BeCS…
$DUST #shortcalls
STO BeCS Dec 2 55/65 spread for $2.40 credit. My plan is to buy the underlying if price rises to $56 between now and expiration. It appears to be making lower highs/lows since 11:30 today.
$NUGT #SHORT CALLS #GOLD entered…
$DUST #coveredcalls #GOLD
entered a buy write net $53.40 for a Dec 02 $56 call. If exercised 4.87% ROI, so I have protective stop at $54.50
$DUST #SHORTCALLS #GOLD STO Dec…
$DUST #SHORTCALLS #GOLD
STO Dec 9 $50 Call for $9 when $54.50, as price is falling now $52 range trying to buy back $2-3. I also bought stock at $55.20, not sure if I’ll hold or cut losses. I think gold will continue to fall sending $DUST higher. I would appreciate other thoughts.
$DUST #SHORT CALLS #GOLD roll…
$NUGT STC Nov 18 $70…
$NUGT STC Nov 18 $70 call for 0.10, sold Nov 11 for $1.70. I think DUST will continue falling from its 62 peak, anyone else watching this one? I have a few more tranches Nov 25, Dec 9 and Dec 16 all at 50 strike, so it is high maintenance.
$DUST roll DUST Nov 25…
$DUST roll DUST Nov 25 $55 calls to Dec 16 $50 calls for $5.50 credit
$DUST bought to cover stock…
$DUST bought to cover stock called away Friday for $50, 49.75. Small gain on stock as well as options sold. I missed the drop below 50 yesterday and just set price before lunch break.
$UPRO STO BeCS Dec 16…
$UPRO STO BeCS Dec 16 75/81 calls for $1.93 credit. Market is looking toppy.
$DUST sell a buy write…
$DUST sell a buy write 49.50, today’s 50 call for 1.10 for ROI of 3.3%
$SVXY buy stock at $73.73…
$SVXY buy stock at $73.73 to cover $75 calls expiring tomorrow.
$UVXY nearing 50 dma, should…
$UVXY nearing 50 dma, should be a good short. In mid-Sept it bumped up against 50 dma, only to fall back. Only caveat is next Tuesday. Any thoughts?
$SVXY
sold last of my holdings at $77.85, set just below upper BB.
$SVXY
I am wondering what could go wrong with this idea:
sell a BeCS Nov 18 80/95 for $3.75. My thesis is the market is going to react strongly up and down after the election. This is like a gigantic earnings trade. I expect to buy back at considerably less. I would enter now with a small starter position expecting the premium to run-up until a day or two before election. Am I going to be playing red/black, or does it sound like a winner?
$NUGT follow-up on buy write…
$NUGT follow-up on buy write when calculated >3% ROI on weekly position of nearest OTM call. I have observed it is unlikely to work out as planned – call expires and stock has declined more than premium gained.
Wed I sold $NUGT Oct 21 $15 Call and bought stock net $14.25, gain$ 0.75 for ROI 5.25%. Thurs stock rolled over, I had stop at 14.48 just below pivot point, sold. Thurs I watched as price bounced around approaching 15 but not crossing. The 20 sma was declining below 15 yesterday and today the option price dropped from .48 (sold) to .20 start of today, and dropping until I closed for $0.05. No worries if prices move erratically this afternoon.
I think in the future I will calculate ROI and if >5% I will sell BeCS to minimize capital involved and maximize premium by allowing closer to ITM call sales.
$NUGT
covered call sold yesterday – stopped out of stock at 14.48, 0.25 loss on stock but potential 0.48 profit on option. I’ll put in offer for day buy to close at 0.05, still profitable. I thought the >3% profit on weekly was too rich.
$DUST
IC from yesterday 51/48/39/36 for 0.90, well price opened 38.40 falling fast. I closed the put side for a $1 loss. If the call side expires I’ll only loose 0.10. I needed a backup plan when I couldn’t simply short the DUST – none available.
$NUGT
sold covered call Oct 21 $15 call, net 14.25, yielding 5.26%, if it works out. I have begun to notice any of these weekly covered calls yielding over 3% seldom (never) work out – and the price falls more than the premium. I am trying another strategy: enter the trade and set a stop on security just below likely support, 0.10 to 0.20 below current price. I’ll let you know how it plays out.
$DUST
Trying and iron condor expiring this Friday 51/48/39/36 for 0.90, I may short to cover if price continues toward 39.
$SVXY STC Oct 17 $75C…
$SVXY BTC Oct 17 $75C for 0.90, sold 10/6 for 1.90
edit BTC, not STC
$UVXY STC Oct 14 $18.5P…
$UVXY BTC Oct 14 $18.5P for 2.10, sold 9/29 for 3.06
also BTC Oct 14 $15.5P for 0.40, sold yesterday 0.95
edit STC, thanks Jeff.
$DUST STO Oct 14 $50…
$DUST STO Oct 14 $50 call for $2.60 half an hour ago, covered.
$DUST STC Oct 7 $50…
$DUST STC Oct 7 $50 call for 0.15, sold yesterday $2.95, look for next weeks calls to sell, unless stock rallies over $50 again.
$NUGT STC todays 13 put…
$NUGT STC todays 13 put for $1.70, bought for 0.05 as part of losing 17/13 BuPS, so some recovery from max loss.
$NUGT closing my BuPS Oct…
$NUGT closing my BuPS Oct 07 17/13 for complete loss.
$UVXY
STC Oct 07 $15 put for 0.13, sold for 0.65 Sept 23. I plan to sell 16 put when stock slides back down near 16.00 in another hour or so.
$UVXY
I have an oversized short position, mostly covered with 16, 15 and 18.5 puts over the next 3 weeks. I am debating whether I should sell the last covered puts at 15 or 16 for this week. Maybe wait until tomorrow to see if the downtrend continues. The last few months have shown sharp reversals the following day after a strong move one day. Will history repeat?
$DUST
STO Oct 07 $43.5 call for $2 on pop up last hour.
UVXY
After the excursion below 16, to 15.67, I shorted the rebound at 16, tight lease.
UVXY STO Sept 30 $18P…
UVXY STO Sept 30 $18P for 0.96, expect IV crush after debate insecurity in market.
UVXY STC Sept 23 $18…
UVXY STC Sept 23 $18 P for 0.44, bought for 0.21 last week. Still have more at 0.31 with sell order at 0.61. Should be profitable pricing leading up to announcement.
NUGT bought to cover half…
NUGT bought to cover half my short position, from short weekly $17 call at $18.30. Net gain with premium collected $1/share.
NUGT I got called away…
NUGT I got called away on a naked $17 call last Friday in an IRA. So I have a day or so to buy to cover. Anything below $19.40 is profitable. Keeping my eye on the pullbacks today.
SVXY early this morning bought…
SVXY early this morning bought at 67.62 protection for a Sept 23 BeCS 65/85. We’ll see the reaction to the Fed. I expect a rally taking my stock.
If not I sold a Dec 70/105 BeCS for $3.60 that I can use the stock to cover.
NUGT BTC Sept 16 19…
NUGT BTC Sept 16 19 call for 0.05, sold yesterday for 0.95, watching my 17 and 18 calls for cheap exit
Options Bistro 