Great reading — https://www.zerohedge.com/markets/aftermath-surveying-wreckage-last-weeks-market-nado
Some highlights:
Author Archives: Option Iceman
Markets
SVXY
https://www.bgandg.com/svxy-complaint
Markets
#market
$SVXY #ShortPuts #IRA – extending…
$SVXY #ShortPuts #IRA – extending an existing #OptionLadder
Sold 1 SVXY MAR 16 2018 60.0 Put @ 1.50
Sold 1 SVXY MAR 23 2018 60.0 Put @ 2.05
$UVXY #ShortCalls #VXXGame – a…
$UVXY #ShortCalls #VXXGame – a couple of more
Sold UVXY FEB 9 2018 20.0 Calls @ 0.87 – Expires Friday
Sold UVXY FEB 16 2018 35.0 Calls @ 0.43
$KR #ShortPuts – Sold KR…
$KR #ShortPuts – Sold KR APR 20 2018 25.0 Puts @ 0.43
$SVXY #ShortPuts -Sold 1 SVXY…
$SVXY #ShortPuts -Sold 1 SVXY Mar 9 2018 70.0 Put @ 1.75 with the stock at 105.60 on the close.
#OptionsExpiration #Weeklys #Feb2 – an…
#OptionsExpiration #Weeklys #Feb2 – an exciting expiration day with the largest DowJones drop in years and a BIG spike in the VIX.
Took assignment of one of my earning plays $PYPL and took in some $SVXY long stock.
In this case I am re-hedging a porition of some very long term SVXY Short Calls, locking in an eventual gain. Also sold some $DUST long stock purchased last week at a gain.
— Expirations —
AMZN (Weekly) Feb 2 2018 1255 Puts
AMZN (Weekly) Feb 2 2018 1257.5 Puts
AMZN (Weekly) Feb 2 2018 1710 Calls
AMZN (Weekly) Feb 2 2018 1715 Calls
BABA (Weekly) Feb 2 2018 182.5 Puts
BABA (Weekly) Feb 2 2018 185 Puts
FB (Weekly) Feb 2 2018 167.5 Puts
FB (Weekly) Feb 2 2018 175 Puts
DUST (Weekly) Feb 2 2018 19 Puts
GWW (Weekly) Feb 2 2018 200 Puts
NFLX (Weekly) Feb 2 2018 260 Puts (Covered)
SVXY (Weekly) Feb 2 2018 90 Puts
SVXY (Weekly) Feb 2 2018 95 Puts
SVXY (Weekly) Feb 2 2018 100 Puts
SVXY (Weekly) Feb 2 2018 102 Puts
SVXY (Weekly) Feb 2 2018 103 Puts
SVXY (Weekly) Feb 2 2018 104 Puts
SVXY (Weekly) Feb 2 2018 105 Puts
SVXY (Weekly) Feb 2 2018 131 Calls
SVXY (Weekly) Feb 2 2018 132 Calls
UAA (Weekly) Feb 2 2018 16 Calls (Covered)
UVXY (Weekly) Feb 2 2018 14 Calls
— Assignments —
DUST (Weekly) Feb 2 2018 21 Calls (Covered)
PYPL (Weekly) Feb 2 2018 77 Puts – going long
SVXY (Weekly) Feb 2 2018 108 Puts – going long against existing short Calls
SVXY (Weekly) Feb 2 2018 110 Puts – going long against existing short Calls
SVXY (Weekly) Feb 2 2018 111 Puts – going long against existing short Calls
SVXY (Weekly) Feb 2 2018 112 Puts – going long against existing short Calls
SVXY (Weekly) Feb 2 2018 113 Puts – going long against existing short Calls
SVXY (Weekly) Feb 2 2018 114 Puts – going long against existing short Calls
$SVXY #ShortPuts – as SVXY…
$SVXY #ShortPuts – as SVXY breaks 104 for a few minutes
Sold SVXY Feb 9 2018 92.0 Puts @ 2.02
Sold SVXY Feb 16 2018 70.0 Puts @ 0.75
Sold SVXY Mar 16 2018 65.0 Puts @ 1.65
Sold SVXY Jun 15 2018 70.0 Puts @ 6.90
$UVXY #ShortCalls – as UVXY…
$UVXY #ShortCalls – as UVXY bounces above 14 for a few minutes
Sold UVXY Feb 16 2018 30.0 Calls @ 0.45
Sold UVXY Mar 9 2018 26.0 Calls @ 1.36 – highest strike
Sold UVXY Jun 15 2018 60.0 Calls @ 1.95 – highest strike
$VIX – t0pped out so…
$VIX – t0pped out so far at 17.86, up over 4 points and over 30% higher.
This is the highest VIX reading in over 12 months.
The SPX bottomed at 2762.05 and the /ES bottomed at 2761.50 ….. so far
$UPS #ShortPuts #FallingKnife – Sold…
$UPS #ShortPuts #FallingKnife – Sold 1 UPS JUL 20 2018 100.0 Put @ 1.44. Adding on.
$UVXY #CoveredCalls #Rollup – Bought…
$UVXY #CoveredCalls #Rollup – Bought to close UVXY Feb 2 2018 13.0 Calls/Sold UVXY Feb 9 2018 15.0 Calls @ 0.47 Credit in an #IRA account.
Bumped the strike 2 points for only a one week roll
$GWW #ShortPuts – Sold 1…
$GWW #ShortPuts – Sold 1 GWW Jul 20 2018 185 Put @ 2.55 with the stock at 263.50
$UVXY #ShortCalls – as the…
$UVXY #ShortCalls – as the VIX index gets over 15 for the 2nd time today and UVXY hits 12.85:
Sold UVXY Feb 16 2018 30.0 Calls @ 0.25
Sold UVXY Feb 26 2018 26.0 Calls @ 0.48
Sold UVXY Mar 2 2018 26.0 Calls @ 0.69
Sold UVXY Mar 16 2018 28.0 Calls @ 1.04
Sold UVXY Apr 20 2018 26.0 Calls @ 2.03
$SVXY #ShortPuts – Sold 1…
$SVXY #ShortPuts – Sold 1 SVXY Mar 16 2018 75.0 Put @ 2.12 with the stock at 111.18
$UVXY #ShortCalls – a few…
$UVXY #ShortCalls – a few trades so far
Sold UVXY Feb 16 2018 27.0 Calls @ 0.35
Sold UVXY Mar 9 2018 26.0 Calls @ 0.90
Sold UVXY Apr 20 2018 26.0 Calls @ 1.90 and 1.91
Marginwise I’m finding it cheaper to short UVXY Calls than to short SVXY Puts for the same cash inflow at each expiration date
$UVXY #ShortCalls – Sold 1…
$UVXY #ShortCalls – Sold 1 UVXY Mar 23 2018 20.0 Call @ 1.73 With the stock at 12.37.
Highest strike
$UPS #ShortPuts #FallingKnife – Sold…
$UPS #ShortPuts #FallingKnife – Sold UPS Jul 20 2018 100 Puts @ 1.28
$FB #ShortPuts – Sold 1…
$FB #ShortPuts – Sold 1 FB FEB 2 2018 175.0 Put @ 1.12
Immediate fill
$M #ShortPuts – Bought to…
$M #ShortPuts – Bought to close M Jan 19 2018 19.0 Puts @ 0.01.
Originally sold in May at 1.19 as a #FallingKnife trade
$NUGT #CoveredCalls – Sold NUGT…
$NUGT #CoveredCalls – Sold NUGT Mar 16 2018 40.0 Calls @ 1.41.
$HP #ShortPuts – Bought to…
$HP #ShortPuts – Bought to close HP Mar 16 2018 37.5 Puts @ 0.05. They won’t trade any lower and it’s almost 3 months until expiration.
Originally sold in August at 1.70, 1.90, 2.05 and 2.20 as #FallingKnife trades.
$SVXY #ShortPuts #IRA – Got…
$SVXY #ShortPuts #IRA – Got a few off before SVXY bounced again
Sold SVXY Jan 19 2018 60.0 Puts @ 0.55
Sold SVXY Jan 26 2018 60.0 Puts @ 0.68
#OptionExpiration #Weeklys #Dec22 – very…
#OptionsExpiration #Weeklys #Dec22 – very little this week.
— Expirations —
NUGT (Weekly) Dec 22 2017 22.5 Puts
NUGT (Weekly) Dec 22 2017 23 Puts
SVXY (Weekly) Dec 22 2017 65 Puts
SVXY (Weekly) Dec 22 2017 70 Puts
SVXY (Weekly) Dec 22 2017 75 Puts
UVXY (Weekly) Dec 22 2017 10.5 Calls (Covered)
UVXY (Weekly) Dec 22 2017 11 Calls (Covered)
$UAA #CoveredCalls #Rollout – Bought…
$UAA #CoveredCalls #Rollout – Bought to close UAA Dec 22 2017 15.5 Calls/Sold UAA Jan 5 2018 15.5 Calls @ 0.38 Credit with the stock at 15.52 to avoid assignment this year.
$SVXY #ShortCalls #Rollout – Rolling…
$SVXY #ShortCalls #Rollout – Rolling some January ITM positions to June –
Bought to close SVXY Jan 19 2018 120.0 Calls/Sold SVXY Jun 15 2018 155.0 Calls for a 0.10 Credit with the stock at 128.23.
Got a bit of margin relief on the roll.
$SVXY #ShortPut – Sold Feb…
$SVXY #ShortPuts – Sold Feb 16 2018 60.0 Puts @ 1.24 with the stock at 129.30
$NKE #ShortPuts – Bought to…
$NKE #ShortPuts – Bought to close NKE Jan 19 2018 45.0 Puts @ 0.01
Originally sold in May at 1.12 as a #FallingKnife trade.
$ESV #CoveredCalls – Sold ESV…
$ESV #CoveredCalls – Sold ESV Jun 15 2018 7.0 Calls @ 0.40 with the stock at 5.41
$DO #ShortPuts – Bought to…
$DO #ShortPuts – Bought to close DO Jan 19 2018 10.0 Puts @ 0.01.
Sold in May at 0.70 as a #FallingKnife trade.
$DUST #CoveredCalls #Rollup – My…
$DUST #CoveredCalls #Rollup – My last roll for this year on this stock.
Bought to close DUST Dec 22 2017 29.5 Calls/Sold DUST Jan 12 2018 30.0 Calls @ 0.25 Credit.
Added a half a point to my strike price while going out 3 weeks.
$GE #ShortPuts #Speculation – Sold…
$GE #ShortPuts #Speculation – Sold GE Jan 26 2018 17.5 Puts @ 0.63 as the stock was hitting a new low for the year at 17.45 this morning.
Tax loss selling may be pressuring the stock and that will ease after the new year.
$SJM #ShortPuts – Bought to…
$SJM #ShortPuts – Bought to close 1 SJM Jan 19 2018 95.0 Put @ 0.05. It won’t trade any lower and it doesn’t expire for another month.
Originally sold on 8/28/17 at 1.65 as a #FallingKnife trade.
I still have Jan 100’s and Apr 90’s to cover.
$HP #ShortPuts – Bought to…
$HP #ShortPuts – Bought to close 1 HP Jan 19 2018 42.5 Put @ 0.03. It actually filled below the 0.05 minimum price and doesn’t expire for another month.
Originally sold in May at 1.35 as a #FallingKnife trade.
$FLS #ShortPuts – Bought to…
$FLS #ShortPuts – Bought to close FLS Jan 19 2018 35.0 Puts @ 0.05. It won’t trade any lower.
Originally sold in August at 1.40 as a #FallingKnife Trade
$VIX – 8.90 on the…
$VIX – 8.90 on the $VIX WOW!
$DVN #ShortPuts – Bought to…
$DVN #ShortPuts – Bought to close DVN Jan 19 2018 29.0 Put @ 0.01.
Originally sold at 1.32 and again at 1.43 as #FallingKnife trades
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Feb 16 2018 60.0 Puts @ 1.14 with the stock at 128.74
$AMGN #ShortPuts – Bought to…
$AMGN #ShortPuts – Bought to close 1 AMGN Jan 19 2018 115.0 Put @ 0.01. Out a month early.
Sold in May at 1.36 as a #FallingKnife trade.
$FCX #ShortPuts – Bought to…
$FCX #ShortPuts – Bought to close FCX Jan 19 2018 9.0 Puts @ 0.01. Out of these a month early too.
Sold in May at 0.57 as a #FallingKnife trade.
$AKAM #ShortPuts – Bought to…
$AKAM #ShortPuts – Bought to close AKAM Jan 19 2018 40.0 Puts @ 0.01. Out of these a month early too.
Sold in May at 1.22, 1.42, and 1.62 as #FallingKnife trades before dropping down to the 37.50 strike to continue selling.
$HAL #ShortPuts – Bought to…
$HAL #ShortPuts – Bought to close 1 HAL Jan 19 2018 37.0 Put @ 0.01. Out of this a month early.
Sold 07/24/2017 @ 1.15 as a #FallingKnife trade
$SVXY #Margin – Margin pressure…
$SVXY #Margin – Margin pressure is forcing me out of some positions today.
Bought to close SVXY Jan 100.0 Calls @ 30.10/29.80/29.50
Bought to close 1 SVXY Mar 100.0 Call @ 34.25
Bought to close SVXY Jan 10.5 Puts @ 0.01
$NBL #CoveredCalls – Sold NBL…
$NBL #CoveredCalls – Sold NBL May 18 2018 30.0 Calls @ 0.85 with the stock at 26.52
$AKAM #ShortPuts – Bought to…
$AKAM #ShortPuts – Bought to close AKAM Jan 19 2018 37.5 Puts @0.01. Out a month early
Sold in May at 1.14 and again at 1.43 as a #FallingKnife trade.
$NUGT #CoveredCalls – Sold NUGT…
$NUGT #CoveredCalls – Sold NUGT Jan 19 2018 30.0 Calls @ 1.06 with the stock at 27.70
$UAA #CoveredCalls – Sold UAA…
$UAA #CoveredCalls – Sold UAA Dec 22 2017 15.5 Calls @ 0.40 with the stock at 15.64. These expire this Friday.
$UAA #ShortPuts – Bought to…
$UAA #ShortPuts – Bought to close UAA Jan 19 2018 15.0 Puts @ 0.60. The stock has had a nice run so I’m exiting early on this position.
Sold on 08/29/2017 @ 1.11
$VIAB #ShortPuts – Bought to…
$VIAB #ShortPuts – Bought to close VIAB Dec 15 2017 30.0 Puts @ 0.05 to avoid assignment tonight.
Sold in May @ 1.35
$FOSL #ShortPuts – Bought to…
$FOSL #ShortPuts – Bought to close FOSL Dec 15 2017 7.0 Puts @ 0.30 with the stock at 6.71 to avoid assignment tonight.
Sold on 08/22/2017 @ 1.10
Also Bought to close FOSL Dec 15 2017 8.0 Puts @ 1.25 with the stock at 6.76. Sold @ 1.65
$NUGT #ShortCalls – Bought to…
$NUGT #ShortCalls – Bought to close NUGT 25/100 Jan 19 2018 17.0 Calls @ 0.01.
Sold on 09/05/2017 at 0.62 and again at 0.74
$BIIB #ShortPuts – Bought to…
$BIIB #ShortPuts – Bought to close 1 BIIB Jan 19 2018 165.0 Put @ 0.05.
Originally sold in May at 1.45 as a #FallingKnife trade
$HP #ShortPuts – Bought to…
$HP #ShortPuts – Bought to close HP Jan 19 2018 40.0 Puts @ 0.05.
Originally sold in May at 1.20, in July at 1.35 and in August at 1.60 as #FallingKnife trades.
$WDC #ShortPuts #FallingKnife – Sold…
$WDC #ShortPuts #FallingKnife – Sold 1 WDC Jul 20 2018 55.0 Put @ 1.40 with the stock at 79.50
$WDC #ShortPuts #FallingKnife – Sold…
$WDC #ShortPuts #FallingKnife – Sold 1 WDC Apr 20 2018 65.0 Put @ 1.75 with the stock at 80.09
$VIX – WELL THAT DIDN’T…
$VIX – WELL THAT DIDN’T LAST VERY LONG
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY Dec 8 2017 18.0 Calls @ 0.27 with the stock at 13.71
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT Dec 15 2017 26.0 Puts @ 0.56.
This was the same account that liquidated all it’s long NUGT stock above 30 just a few days ago.
If assigned I will start selling covered calls (of course)
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY Dec 8 2017 17.5 Calls @ 0.27 with the stock at 13.61
$DUST #Covered Calls #Rollup #IRA…
$VIX $UVXY $SVXY – the…
$VIX $UVXY $SVXY – the VIX index is up a quiet 5% but the Volatility ETFs are virtually flat, not reacting to the move.
Hopefully this will change soon
$FTI #ShortPuts – Bought to…
$FTI #ShortPuts – Bought to close FTI Jan 19 2018 24.0 Puts @ 0.05.
Originally sold in August at 1.30 and 1.40 as a #FallingKnife trade.
$DUST #ShortPuts – Bought to…
$DUST #ShortPuts – Bought to close DUST Jan 19 2018 15.0 Puts @ 0.05. Closed out 2 months early.
Originally sold in Mar at 3.10 and added to at 3.60.
A pretty nice gain in an #IRA.
$KR #ShortPuts – Bought to…
$KR #ShortPuts – Bought to close 1 KR Jan 19 2018 22.5 Put @ 0.05 with 2 months to go until expiration.
Sold on 06/16/2017 @ 2.45 after a nasty earnings report.
$NBL #CoveredCalls – Sold NBL…
$NBL #CoveredCalls – Sold NBL Dec 15 2017 27.5 Calls @ 0.35 with the stock at 26.50
$VIAB #CoveredCalls – Sold VIAB…
$VIAB #CoveredCalls – Sold VIAB Dec 29 2017 31.5 Calls @ 0.35 with the stock at 28.50
$KR #CoveredCalls – Sold KR…
$KR #CoveredCalls – Sold KR Jul 20 2018 30 Calls @ 1.35 with the stock at 27.25.
$DUST #Covered Calls #Rollout -…
$VIA #CoveredCalls – Sold VIAB…
$VIAB #CoveredCalls – Sold VIAB Jun 15 2018 35.0 Calls @ 1.05 with the stock at 28.64
$KR #CoveredCalls – Sold KR…
$KR #CoveredCalls – Sold KR Apr 20 2017 29.0 Calls @ 1.10 with the stock at 27.25.
At the same time Bought to close KR Jan 19 2018 19.0 Puts 0.05.
Originally sold on June at 1.25 and again in Sept at 1.10.
Still short the Apr 19.0 put at 1.50
$TAP #ShortPuts #FallingKnife – Sold…
$TAP #ShortPuts #FallingKnife – Sold 1 TAP Jul 20 2018 65.0 Put @ 1.55 with the stock at 77.0.
ADSK #ShortPuts #FallingKnife – Sold…
$ADSK #ShortPuts #FallingKnife – Sold 1 ADSK Jul 20 2018 70.0 Put @ 1.58 with the stock at 106.50.
Breakeven right near the 1-year low. And the lowest available strike.
Options Bistro 