$SWKS #ShortPuts – Bought to close 1 SWKS NOV 17 2017 70.0 Put @ 0.05.
Sold on 06/29/2017 at 1.15
Author Archives: Option Iceman
$VFC #ShortPuts – Bought to…
$VFC #ShortPuts – Bought to close 1 VFC NOV 17 2017 47.5 Put @ 0.05.
Sold on 05/17/17 at 1.16
$AYI #ShortPuts – Bought to…
$AYI #ShortPuts – Bought to close 1 AYI NOV 17 2017 105.0 Put @ 0.05. It won’t trade any lower and this is a high priced stock with over 6 weeks left until expiration.
Originally sold on 05/26/2017 @ 1.10 as a #Fallingknife trade.
=========================
Are you coming this weekend?
=========================
I’ll be in New York this weekend for our annual picnic in Central Park. We missed last year, but are back on track for Saturday. I’m looking forward to hanging out with anyone who wants to stop by. I’ve known several of our members for more than 10 years, so it will be nice to get together with some old friends.
Meanwhile, I’ll see you in the forum.
–Dan
$MYL #CoveredCalls – Sold MYL…
$MYL #CoveredCalls – Sold MYL APR 20 2018 42.5 Calls @ 1.79 after the big gap opening.
$X #ShortPuts – Bought to…
$X #ShortPuts – Bought to close 1 X Oct 20 2017 17.0 Put @ 0.01. It won’t trade any lower.
Originally sold on 05/17/2017 at 1.47
$KHC #ShortPuts #FallingKnife – Sold…
$KHC #ShortPuts #FallingKnife – Sold 1 KHC Apr 20 2018 70 Put @ 1.65.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close UVXY3(5 shares) Jan 19 2018 60.0 Calls @ 0.01.
Cleaning up old positions in several accounts.
Originally sold on 10/13/16 @ 6.75 and again on 11/03/16 @ 7.30
$MYL #CoveredCalls – Sold MYL…
$MYL #CoveredCalls – Sold MYL NOV 3 2017 35.0 Calls @ 0.38 with the stock at 32.43
$TSCO #ShortPuts – Bought to…
$TSCO #ShortPuts – Bought to close TSCO Oct 20 2017 55.0 Puts @ 0.05.
They won’t trade any lower.
Originally sold on 04/13/2017 at 1.25.
$MRO #ShortPuts – Bought to…
$MRO #ShortPuts – Bought to close MRO Oct 20 2017 11.0 Puts @ 0.01.
They won’t trade any lower.
Originally sold on 04/19/2017 at 0.37 and added more on 05/05/2017 at 0.46.
$TSN #ShortPut – Bought to…
$TSN #ShortPuts – Bought to close 1 TSN Jan 19 2018 47.0 Put @ 0.05.
It won’t trade any lower and it won’t expire until next year.
Originally sold on 05/17/17 at 1.20 as a #FallingKnife trade
$RRC #CoveredCalls – Sold RRC…
$RRC #CoveredCalls – Sold RRC DEC 15 2017 27.0 Calls @ 0.25
$ZGNX #ShortCalls – I had…
$ZGNX #ShortCalls – I had a few extra short puts so I’m adding new calls to create more strangles.
Sold 1 ZGNX Oct 20 2017 50.0 Call @ 1.15
Sold ZGNX Oct 20 2017 55.0 Calls @ 0.55 – highest available strike price.
$MNK #ShortPuts – Bought to…
$MNK #ShortPuts – Bought to close MNK Oct 20 2017 30.0 Puts @ 0.05.
Originally sold on 03/27/17 at 1.65 as one of many #FallingKnife trades on this stock.
$TGT #ShortPuts – Bought to…
$TGT #ShortPuts – Bought to close 1 TGT OCT 20 2017 45.0 Put @ 0.01. It won’t trade any lower.
Originally sold on 03/27/17 at 1.30 as a #FallingKnife trade.
ZGNX – the drug is not even in phase III trials yet so the stock is a bit ahead of itself.
https://www.bizjournals.com/sanfrancisco/news/2017/09/29/zogenix-zgnx-epilepsy-dravet-cns-seizures.html
#OptionsExpiration #Weeklys #Sep29 – It’s…
#OptionsExpiration #Weeklys #Sep29 – It’s the end of the third quarter and nothing is going on. I did let a couple of lots of $SVXY go very near the all time high.
Record $VIX lows for September means I’m not putting on new trades.
I guess I’ll wait for earnings season.
— Expirations —
AZO (Weekly) Sep 29 2017 660 Calls
NUGT (Weekly) Sep 29 2017 30 Puts
UVXY (Weekly) Sep 29 2017 91 Calls
— Assigned —
SVXY (Weekly) Sep 29 2017 89 Calls (Covered)
SVXY (Weekly) Sep 29 2017 91.5 Calls (Covered)
$SVXY #CoveredCalls- At various times…
$SVXY #CoveredCalls- At various times during the day I rolled most of my calls
Bought to close SVXY SEP 29 2017 86.5 Calls/Sold SVXY OCT 13 2017 89.0 Calls @ 0.12 Credit
Bought to close SVXY SEP 29 2017 87.5 Calls/Sold SVXY OCT 13 2017 90.0 Calls @ 0.21 Credit
Bought to close SVXY SEP 29 2017 88.5 Calls/Sold SVXY OCT 13 2017 91.0 Calls @ 0.15 Credit
$UVXY #ShortCalls – #ClassicVXXGame -…
$UVXY #ShortCalls – #ClassicVXXGame – Bought to close 1 UVXY Jan 18 2019 65.0 Call @ 7.50
Originally sold on 08/10/17 @ 20.00
I only have 1 more of these left, plus some strike 75’s as well.
$TAP #ShortPuts #FallingKnife – A…
$TAP #ShortPuts #FallingKnife – A couple of small speculative trades in an IRA that is almost 100% in cash.
Sold 1 TAP Oct 13 2017 78.0 Put @ 0.35
Sold 1 TAP Oct 20 2017 78.0 Put @ 0.50.
The stock is above 81 and earnings are not until Nov 1.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY Jan 19 2018 65.0 Call @ 2.23.
I still have a couple more to cover plus I’m short 82 and 91 calls as well.
Originally sold on 08/10/17 @ 11.20
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY Dec 15 2017 65.0 Call @ 1.49.
I still have more to cover but I see no need to rush.
Originally sold on 8/9/17 @ 7.00
$GWW #ShortCalls – Sold 1…
$GWW #ShortCalls – Sold 1 GWW Apr 20 2018 230.0 Call @ 1.95.
Paired with short puts sold on the last major dip.
$FOSL #CoveredCalls – Sold FOSL…
$FOSL #CoveredCalls – Sold FOSL Mar 16 2018 15.0 Calls @ 0.50 with the stock at 9.72
$TAP #ShortPuts #FallingKnife – I’m…
$TAP #ShortPuts #FallingKnife – I’m guessing beer sales are off with fewer fans watching the NFL. NOT!!
Sold TAP Nov 17 2017 77.5 Puts @ 1.30
Sold TAP Apr 20 2018 70.0 Puts @ 1.65
$ZGNX #ShortPuts – Sold ZGNX…
$ZGNX #ShortPuts – Sold ZGNX OCT 20 2017 2.0 Puts @ 0.40 on the opening this morning.
$ZGNX #ShortPuts – Sold ZGNX…
$ZGNX #ShortPuts – Sold ZGNX OCT 20 2017 2.0 Puts @ 0.25 with the stock above 13.
$TAP #ShortPuts #FallingKnife – Sold…
$TAP #ShortPuts #FallingKnife – Sold 1 TAP Apr 20 2018 70.0 Put @ 1.65
$RRC #CoveredCalls – Sold RRC…
$RRC #CoveredCalls – Sold RRC Nov 17 2017 23.0 Calls @ 0.50 with the stock at 20.33
$CLX #ShortPuts #FallingKnife – Sold…
$CLX #ShortPuts #FallingKnife – Sold 1 CLX APR 20 2018 110.0 Put @ 1.30
$VRX #ShortPuts – Bough to…
$VRX #ShortPuts – Bought to close VRX OCT 20 2017 7.5 Puts @ 0.01. They won’t trade any lower.
Originally sold at 1.05 on 04/05/2017 and again at 1.35 on 04/21/2017 as #FallingKnife trades.
$TAP #ShortPuts #FallingKnife – Sold…
$TAP #ShortPuts #FallingKnife – Sold 1 TAP Jan 19 2018 75.0 Put @ 1.60
$SVXY #ShortCalls #Rollup – rolled…
$SVXY #ShortCalls #Rollup – rolled up this week’s farthest in the money call position.
Bought to close SVXY Sep 29 2017 85.5 Calls/Sold SVXY Oct 13 2017 88.0 Calls for a 0.25 Credit.
$SVXY #ShortCalls – Sold 1…
$SVXY #ShortCalls – Sold 1 SVXY Sep 29 2017 91.5 Call @ 1.10 with the stock at 91.17. This expires Friday
$EFX #ShortPuts – Bought to…
$EFX #ShortPuts – Bought to close EFX Oct 20 2017 65.0 Puts @ 0.05. It won’t trade any lower.
Sold these on 09/14/2017 at 1.20 and 1.35.
$GWW #ShortStrangle – an unbalanced…
$GWW #ShortStrangles – an unbalanced strangle, at least based on time to expiration.
Sold 1 GWW Oct 20 2017 160.0 Put/GWW Apr 20 2018 230.0 Call @ 3.00 Credit.
Also short other GWW Puts.
$ZGNX #ShortStrangles – Sold ZGNX…
$ZGNX #ShortStrangles – Sold ZGNX OCT 20 2017 3.0 Puts/31.0 Calls @ 1.75 Credit with the stock at 13.70.
Adding to my position.
$EFX #ShortPuts – Bought to…
$EFX #ShortPuts – Bought to close 1 EFX Oct 20 2017 70.0 Put @ 0.05. It won’t trade any lower.
Originally sold on 09/14/2017 at 1.20.
Out much sooner than I expected.
$CELG #ShortPuts – Bought to…
$CELG #ShortPuts – Bought to close 1 CELG OCT 20 2017 95.0 Put @ 0.01. It won’t trade any lower.
$ZGNX #ShortStrangles – Sold ZGNX…
$ZGNX #ShortStrangles – Sold ZGNX OCT 20 2017 3.0 Puts/31.0 Calls @ 1.65 Credit with the stock at 13.35.
It’s been a long time since I played one of these small biotech binary events.
$GWW #ShortCalls – Sold 1…
$GWW #ShortCalls – Sold 1 GWW Jan 19 2018 210.0 Call @ 1.40 with the stock at 179.39.
Paired with a number of short GWW puts which are now nicely profitable.
$LB – no longer a…
$LB – no longer a #FallingKnife – back above the 50dayMA
$ALXN #ShortStrangles – Covered some…
$ALXN #ShortStrangles – Covered some November strangles to release some margin.
Bought to close ALXN Nov 17 2017 80/165 Strangles @ 1.35.
Originally Sold the Puts on 05/23/2017 @ 2.10 as a #FallingKnife trade.
Then as the stock recovered sold the Calls on 07/27/2017 @ 2.35 and again on 07/28/2017 @ 2.85.
The Strangle may have expired, but it’s a long time until November, and the puts were so low, they weren’t really protecting the calls anymore.
$RL #ShortPuts – Bought to…
$RL #ShortPuts – Bought to close 1 RL Oct 20 2017 55.0 Put @ 0.05.
Originally sold on 05/24/2017 @ 1.20
$AMGN #ShortPuts – Bought to…
$AMGN #ShortPuts – Bought to close 1 AMGN Oct 20 2017 130.0 Put @ 0.01. It won’t trade any lower.
Originally sold on 05/11/2017 @ 1.35.
Also still short the Jan 115 Puts
$SIG #ShortPuts – Bought to…
$SIG #ShortPuts – Bought to close SIG OCT 20 2017 45.0 Puts @.05. with the stock at 65.33.
A former #FallingKnife trade that isn’t going to trade any lower.
Sold on 03/03/2017 @ 1.60 and on 05/25/2017 @ 2.40
$KR #ShortPuts #FallingKnife – Sold…
$KR #ShortPuts #FallingKnife – Sold 1 KR APR 20 2018 18.0 Put @ 1.15
$DUST #CoveredCalls – Sold DUST…
$DUST #CoveredCalls – Sold DUST Sep 29 2017 26.5 Calls @ 0.25 with the stock at 24.82.
These replace last week’s strike 25.0 Calls that expired on Friday.
$VIX Futures – food for thought
$AZO #ShortPuts – Bought to…
$AZO #ShortPuts – Bought to close 1 AZO OCT 20 2017 350.0 Put @ 0.05. It won’t trade any lower, has a high margin requirement, and still has 4 weeks to expiration.
Originally sold on 07/06/2017 at 2.60.
#OptionsExpiration #Weeklys #Sep22 – a…
#OptionsExpiration #Weeklys #Sep22 – a light week this week, and a light week next week as well.
Added a bit to my long $DUST stock position and exited the last of my $TRIP stock.
— Expirations —
AZO (Weekly) Sep 22 2017 660 Calls
DUST (Weekly) Sep 22 2017 20 Puts
DUST (Weekly) Sep 22 2017 25 Calls (Covered)
SVXY (Weekly) Sep 22 2017 30 Puts
SVXY (Weekly) Sep 22 2017 35 Puts
SVXY (Weekly) Sep 22 2017 40 Puts
SVXY (Weekly) Sep 22 2017 55 Puts
SVXY (Weekly) Sep 22 2017 60 Puts
SVXY (Weekly) Sep 22 2017 72 Puts
SVXY (Weekly) Sep 22 2017 90 Calls (Covered)
UVXY (Weekly) Sep 22 2017 55 Calls
UVXY (Weekly) Sep 22 2017 64 Calls
— Assignments —
DUST (Weekly) Sep 22 2017 31 Puts
DUST (Weekly) Sep 22 2017 34 Puts
TRIP (Weekly) Sep 22 2017 40 Calls (Covered)
$SVXY #ShortCalls – 10 minutes…
$SVXY #ShortCalls – 10 minutes after the close, covered a couple of calls for gains.
Bought to close SVXY Sep 22 2017 88.0 Calls @ 0.97 – Sold at 1.05 this week
Bought to close SVXY Sep 22 2017 89.0 Calls @ 0.20 – Sold at 1.06 this week.
$MYL #ShortCalls – Bought to…
$MYL #ShortCalls – Bought to close MYL Jan 19 2018 50.0 Calls @ 0.01. They won’t trade any lower and it’s still 4 months to expiration.
Originally sold on 05/23/2017 @ 0.64
$SVXY #ShortCalls – Bought to…
$SVXY #ShortCalls – Bought to close 1 SVXY Sep 22 2017 91.0 Call @ 0.01.
Sold earlier this week for 1.08
$KR #ShortPuts #FallingKnife – Sold…
$KR #ShortPuts #FallingKnife – Sold 1 KR Apr 20 2018 19.0 Put @ 1.50
$SVXY #ShortCalls #Rollup – Got…
$SVXY #ShortCalls #Rollup – Got a nice dip on the opening so I rolled the ones most likely to be assigned out a week.
Bought to close SVXY Sep 22 2017 85.0 Calls/Sold SVXY Sep 29 2017 86.5 Calls @ 0.12 Credit
Bought to close SVXY Sep 22 2017 86.0 Calls/Sold SVXY Sep 29 2017 87.5 Calls @ 0.12 Credit
Bought to close SVXY Sep 22 2017 87.0 Calls/Sold SVXY Sep 29 2017 89.0 Calls @ 0.12 Credit
$DUST #ShortCalls – a couple…
$DUST #ShortCalls – a couple of orders this morning.
Sold DUST Nov 17 2017 35.0 Calls @ 0.75 – highest strike
Sold 1 DUST Dec 15 2017 35.0 Call @ 1.30
$VIX – dropped below the…
$VIX – has dropped below the pre-market low and is now at 9.54
$NUGT #ShortPuts – sold all…
$NUGT #ShortPuts – sold all these on the opening this morning. Paired these off with calls I sold on the last rally.
NUGT SEP 29 2017 30.0 Puts @ 0.58
NUGT OCT 6 2017 28.5 Puts @ 0.58
NUGT OCT 20 2017 26.0 Puts @ 0.56
NUGT OCT 27 2017 25.0 Puts @ 0.60
$VIX – below the morning…
$VIX – below the morning low at 9.67. Nothing to do here that I can see.
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT Oct 27 2017 25.0 Puts @ 0.57.
Having difficulties getting any DUST Calls sold, so going a different way. And these options trade in 1 penny increments.
$GWW – Finally breaking out…
$GWW – Finally breaking out of it’s 2 month trading box. No longer a #FallingKnife
$VIX Futures – Why traders…
$VIX Futures – Why traders think selling Volatility works:
Only 6,000 September VX calls didn’t go bust.
Over 4.8 million worth ZERO.
#NoFedFear – the VIX hit…
#NoFedFear – the VIX hit a new monthly low of 9.83 this morning.
$ALXN #ShortPuts – Bought to…
$ALXN #ShortPuts – Bought to close 1 ALXN Nov 17 2017 80.0 Put @ 0.05. Out at minimum value 2 months early.
Originally sold on 05/23/2017 @ 2.00
$RL #ShortPuts – Bought to…
$RL #ShortPuts – Bought to close RL Oct 20 2017 60.0 Puts @ 0.05. Out at minimum value a month early.
Originally sold as a #FallingKnife trade on 5/16 and 5/17/2017 at 1.25 and 1.55
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY Dec 15 2017 65.0 Call @ 1.49. Covered two in one day.
Sold this one on 08/10/17 @ 10.00.
$FOSL #ShortPuts – Bought to…
$FOSL #ShortPuts – Bought to close 1 FOSL Nov 17 2017 9.0 Put @ 1.10.
This stock has been dropping almost from the day I sold the put at 1.30 and the stock got down to 6.80 before rebounding modestly.
It is still ITM so I’m taking it while it is profitable.
$VIX – hit 9.88 this morning. And UVXY has fallen 10%.
$DUST #ShortPuts – Bought to…
$DUST #ShortPuts – Bought to close DUST Oct 20 2017 14.0 Puts @ 0.05. Out at minimum value 5 weeks early.
Originally sold only 11 days ago on 09/07/17 @ 0.40.
I’ve also got strike 20 puts expiring this Friday.
$AAOI #ShortPuts – Bought to…
$AAOI #ShortPuts – Bought to close 1 AAOI Sep 22 2017 50.0 Put @ 0.05. It won’t trade any lower.
Originally sold as a #FallingKnife trade on 08/07/17 @ 1.40.
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close 1 UVXY Jan 18 2019 65.0 Call @ 8.70.
Sold this one on 08/10/17 at 18.00.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY Jan 19 2018 65.0 Call @ 2.80.
Sold this one on 08/10/17 at 9.00.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY Dec 15 2017 65.0 Call @ 1.73.
Sold this one on 07/27/17 at 6.70.
Options Bistro 