I am trying to find a low risk method of trading the FOMC-induced volatility next week. A short or long straddle may be the best choice. If long this may be the best time to buy. Perhaps waiting until Tuesday to sell premium is the best timing and UVXY and NUGT are volatile instruments.
Has anyone else given this thought?
Author Archives: ncroadrunr
NUGT
sold stock for small loss 19.51 – 19.25, BeCS still in place and should more than cover the loss.
NUGT
buy stock 19.51, sell BeCS Sept 16 19/24 for 0.90. I put a trailing stop on stock in case of reversal. Otherwise I’ll treat like a buy write. ROI 2% for a couple of days risk.
NUGT STC Sept 16 BeCS…
NUGT STC Sept 16 BeCS 18/24 for $1.05 after selling this morning for $2. I am concerned we may get a bounce tomorrow after the big drop today.
NUGT STO BeCS Sept 16…
NUGT STO BeCS Sept 16 $18/24 calls for net $2 early this morning, wish I sold more.
DUST STO Sept 16 $39…
DUST STO Sept 16 $39 call for $1 (covered), earlier this morning – should have waited :+)
UVXY STC Sept 16 $18…
UVXY STC Sept 16 $18 put for 0.02, sold 8/12 for 1.70
NUGT
closing Sept 09 $17 call for much better price than earlier this week. I rolled to Sept 16 $17 call for 0.25, closing SVXY $Sept 16 $60 calls for $9.40 after selling for $11.10 weeks ago. Didn’t think I’d break even/ smallish profit on this one.
Sell NUGT assigned from $17 call for $19.33. I sold option for $2.40 so another break-even relief.
$NUGT
I held on too long, rolling Sept 02 17/36 BeCS to Oct 21 19/36 BeCS for 0.10 db and Sept 02 18/36 BeCS to Sept 16 19/34 BeCS for 0.25 db. Prices sure looked better Wed and Thurs morning.
NUGT
close many Sept 02 calls: 20C @ 0.35, sold for 2.00 this morning; 21C @ 0.40, sold for 1.75 yesterday; Sept 09 20C @ $1.00, sold for 4.41. After couple strong days down I expect a small rally and will sell again.
$NUGT STO Sept 02 $22…
$NUGT STO Sept 02 $22 for $1.30 and $22.6 for $1.10. If price continues much higher I will want to buy offsetting shares, with a trailing stop in case of reversal.
$NUGT STO Sept 02 $21…
$NUGT STO Sept 02 $21 call for $1.75 earlier this morning. Trying to add $22 and $22.6 for additional premium. I have a long $36 call that I can sell a number of closer priced calls against. I plan to sell a small percentage today, then add various strikes each day until EOD Thursday when I expect to have a full (covered) position.
$NUGT
I traded out of my short Aug 26 $28 puts to Sep 09 $20/28 call spread 0.60 db and 1.5:1 size reduction (in IRA), and Sep 16 $20/33 call spread 1:1 size for 0.45 db. I expect NUGT to continue decline eliminating/reducing my giant losses. to be continued…..
$NUGT all options were closed…
$NUGT all options were closed last night. My short puts were assigned, calls closed for value.
$NUGT STO Aug29 $165C for…
$NUGT STO Aug29 $165C for $8 covered by stock bought at $163
Also STO Sep09 $175C for $10.90 covered by $175 stock. Stock price is mid-range so maybe goes up and wish I waited to sell or maybe down and BTC for profit.
$NUGT legged in to BeCS…
$NUGT legged in to BeCS Aug 19 170/180 today for $2,20, 2.40 credits. What a mover, may be able to close today for partial profit.
$UVXY added to my position…
$UVXY added to my position at $20.99 earlier this morning. Slowly bringing down my basis after I was put at $9 pre-split ($45 now).
$UVXY roll Aug 19 $20…
$UVXY roll Aug 19 $20 put to Sept 16 $20 put for $2.10cr, Aug put netted 0.64 as well.
$NUGT BTC Aug 12 $175…
$NUGT BTC Aug 12 $175 call for 0.10 before noon, sold early morn today for $4.50
$NUGT BTC Aug 12 $175…
$NUGT BTC Aug 12 $175 call for $2.50, sold earlier today $4.50, I know coulda, woulda, shoulda waited for better price. I made a decent profit, eh.
$NUGT BTC Aug 12 $180P…
$NUGT BTC Aug 12 $180P for $6.10, sold last Thursday for $18.20
$NUGT BTC Aug 19 $170…
$NUGT BTC Aug 19 $170 $12.50, sold 30 minutes earlier for $14.50
$NUGT
BTC Aug 05 $100 put for 0.25, sold 1.74 July 22
roll Jul 29 $150/170 BeCS out to Aug 19 for $3.15 cr, hoping the swing pattern continues
NUGT sold this AM at…
NUGT sold this AM at $151.20, bought July 1 and added 27th at 138.70, 139.70. Originally buy writes with $140 calls, I rolled out and up over the next 4 weeks. I added long 170, 180 calls when price lower so have attractive BeCS. I wish I recalled previous pullbacks only to be followed shortly afterward with rally. Because I’m still in BeCS, wishing I closed out at noon ET near low of day. Maybe I’ll get another chance tomorrow. The pay is usually good, but the heart burn takes its toll.
$NUGT bought Jul 22 $145…
$NUGT bought Jul 22 $145 call for 0.70, sold 7/14 for 19.52, now to get the price of NUGT back up to 145.
$NUGT taking a hit pre-market,…
$NUGT taking a hit pre-market, I hope it bounces. I had expected to close out my position at the end of this week. Looks like an adjustment is required.
Long stock, short Jul 22 $145 call and $170 call. Closed $140 put yesterday at $2 profit.
$NUGT
Sold both 145 put and 170 call expiring Friday for $10 and $8.60 respectively. Should be easy money, so far.
$UVXY
Let portion of stock get called away for $10 today. Option sold for $0.55 last week.
$NUGT
rolled this week’s $140 calls to next week for $8 credit. Also rolled $142 calls out 2 weeks for $11.50 credit. I expect to buy back in next day or two, maybe sell stock as well. I’m not sure how this gold security will play out but a pullback seems likely.
$UVXY
Sell at $8.80 this morning, bought at $14 and change a couple of weeks/months ago. How much longer will this bull run before exhaustion gives us a the normal 10% correction.
$NUGT
my covered call expiring today looks good: Jun 24 $100 C sold $5 stock basis $108. I didn’t capture most of this outcome but I entered a week ago expecting to be called out last Friday. All in all a profitable outcome.
$BIS
Got call after 5 PM from Fidelity. I have to cover short position before 4 PM. I got short by selling call spread and getting exercised (called shares). With no shares available to borrow I need to buy to cover. I missed the morning low, no watching for further dip.
$NUGT BTC Jun24 $110 call…
$NUGT BTC Jun24 $110 call for $3.30, sold last Friday for $8.40, now I need a rebound to unload my stock. $104 would be nice.
$NUGT
I BTC Jun 17 $110 call for $2. sold $7.95 last week I still have the shares. I am thinking of selling next weeks $110 call for $8 – $9. My basis is $106.
To the $NUGT traders: Do you think this is a good idea or should I keep the stock unencumbered, to sell at optimum, or close, time.
$NUGT need to react to…
$NUGT need to react to falling price ($115 to $105). Roll Jun 10 115 c to Jun 17 $110 for $7cr. Considering selling put to free stock for sale in IRA. Care to share your opinion?
$SVXY covered call
STO May 27 $57 covered call for $55.55, net 2.6% ROI if called
edit net price
$SVXY STO May 20 SVXY…
$SVXY STO May 20 SVXY $56 call for 0.20, hoping for a scalp, one-day trade.
$SVXY May 27 $56C BTC…
$SVXY May 27 $56C BTC 0.75, sold 5/16 for 2.80 All in all a good day.
$UVXY BTC Jun 3 $13P…
$UVXY BTC Jun 3 $13P for 0.75, sold week ago for 1.27
$SVXY STC Calls
STC $SVXY Jun 3 $56C for $1.40, 1.50 sold for 2.42, 2.51 yesterday
$UVXY
AM I the only one expecting a rebound from $13 up to 14.50 or 15? This market is overbought short-term. BTC UVXY 13.10 shorted 18.50, 15.85
$SVXY sold calls (covered) May…
$SVXY sold calls (covered) May 13 $58 for 0.80
$NUGT
BTC May 6 $98 put for 10.50, sold Monday for $4, at end of day BTC $NUGT for $87.75, shorted at $98. Best I could think of to maximize gain, not wait for either a $4 gain or possible loss.
$NUGT BTC May 06 $90…
$NUGT BTC May 06 $90 put for $1.40, sold yesterday for $1.90, closed before 10 AM.
Still have short $NUGT at 98 and short May 6$98 put I want to close (with profit) before this reverses again. Any ideas?
$NUGT
I don’t know how anyone makes money with this. I got creamed with a strangle 10 wide (expiring today) Wed when it was selling for 87. My 98 call is deeply underwater, and I expect rolling it out to March 20 will only compound the loss. I normally cover a short calls for small gain but thought I had enough buffer. What do the experienced $NUGT traders think is a smart strategy?
Options Bistro 