$UVXY #ShortCalls #VXXGame – Bought to close 1 UVXY Dec 15 2017 65.0 Call @ 0.49.
Originally Sold on 8/10/17 at 11.60.
Only 1 more of these left to cover.
Author Archives: Option Iceman
$GE #ShortPuts #FallingKnife – Sold…
$GE #ShortPuts #FallingKnife – Sold GE JUN 15 2018 22.0 Puts @ 1.30 this morning on the earnings news.
You won’t get rich selling options on a stock that mostly moves like a big glacier. But I wouldn’t mind owning it at 20.70.
$UAA #ShortPuts – Bought to…
$UAA #ShortPuts – Bought to close UAA Oct 20 2017 17.5 Puts @ 0.41 with the stock at 17.11 to avoid possible assignment tonight.
Originally sold in March at 1.51
$TSN #ShortPuts – Bought to…
$TSN #ShortPuts – Bought to close TSN Jan 19 2018 47.0 Puts @ 0.05. They won’t trade any lower and don’t expire for 3 more months.
Originally sold in May at 1.20.
$LB #ShortPuts – Bought to…
$LB #ShortPuts – Bought to close LB Nov 17 2017 32.5 Puts @ 0.05. They won’t trade any lower so there is no point in waiting another month to make the last nickel.
Originally sold in April at 1.20.
$CELG #ShortPuts #FallingKnife #OptionLadder -…
$CELG #ShortPuts #FallingKnife #OptionLadder – Sold CELG APR 20 2018 90.0 Puts @ 1.26
$CELG #ShortPuts #FallingKnife – Sold…
$CELG #ShortPuts #FallingKnife – Sold 1 CELG MAR 16 2018 95.0 Put @ 1.37
$APA #ShortPuts #OptionLadder – Bought…
$APA #ShortPuts #OptionLadder – Bought to close APA Oct 20 2017 42.5 Puts @ 0.50 to avoid possible assignment of this ITM position.
Sold these in April at 1.37 and again at 1.57, so still a nice gain.
Still short today’s 40 Puts, plus Jan 37.5 and 35 Puts, and April 32.5 Puts for a nice #OptionLadder
$FLR #ShortPuts – Bought to…
$FLR #ShortPuts – Bought to close 1 FLR OCT 20 2017 42.5 Put @ 0.05 to avoid possible assignment tomorrow. The stock opened down at 42.27 this morning before recovering or I would have let this one run out.
Originally sold on 05/17/2017 at 1.65 as a #FallingKnife trade.
Still short the Jan 35 and 40 Puts that are nicely profitable.
$TSCO #ShortPuts – Bought to…
$TSCO #ShortPuts – Bought to close 1 TSCO OCT 20 2017 60.0 Put @ 1.35 to avoid possible assignment tomorrow. The stock has been below 59 all day today.
Originally sold at 1.80, and along with my buy back of the Oct 55 Puts at 0.05 on 10/03, this stock was still a decent money maker.
Still short the Jan 45 and 50 puts trading at nice gains.
$AAOI #ShortPuts #FallingKnife – Sold…
$AAOI #ShortPuts #FallingKnife – Sold 1 AAOI MAR 16 2018 22.5 Put @ 1.60 with the stock at 42.05
$OXY #ShortPuts – Bought to…
$OXY #ShortPuts – Bought to close OXY NOV 17 2017 50.0 Puts @ 0.01. Still a month to go before expiration.
Originally sold on 05/04/2017 at 1.17. Still have the Nov 52.5 Puts to cover.
$GWW #ShortPuts – Sold 1…
$GWW #ShortPuts – Sold 1 GWW APR 20 2018 150.0 Put @ 2.90 with the stock at 204.65.
The strike price is 5 points below the yearly low
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY Oct 20 2017 20.5 Calls @ 0.15. These expire tomorrow
$MYL #ShortPuts – Sold MYL…
$MYL #ShortPuts – Sold MYL Jan 19 2018 32.5 Puts @ 0.56 with the stock at 37.77.
These will replace similar Oct puts that expire tomorrow.
$AGN #ShortPuts #OptionLadder – sold…
$AGN #ShortPuts #OptionLadder – sold these on the opening with the stock at 184.31
AGN MAY 18 2018 125.0 Puts @ 1.52
AGN MAR 16 2018 135.0 Puts @ 1.28
AGN FEB 16 2018 140.0 Puts @ 1.21
AGN JAN 19 2018 150.0 Puts @ 1.36
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY Jan 19 2018 65.0 Call @ 1.28.
This is my last short strike 65 call for this month. Still short 82.0 and 91.0 Calls
Originally sold this one on 08/10/17 at 14.80.
$GWW #ShortPuts – Bought to…
$GWW #ShortPuts – Bought to close GWW Dec 15 2017 120.0 Puts @ 0.05. Out 2 months early at minimum value.
Originally sold as a #FallingKnife trade in July at 1.15 and 1.25.
$APA #ShortPuts – Bought to…
$APA #ShortPuts – Bought to close APA Oct 20 2017 40.0 Puts @ 0.01.
Also short the 42.5 Puts for Friday and the Jan 35 Puts
$GWW #ShortPuts – The earnings…
$GWW #ShortPuts – The earnings report moved the stock a bit, but the conference call lit a fire under it for now. It’s no longer a #FallingKnife but there is still a big earnings gap in the chart from last spring.
Sold GWW APR 20 2018 155.0 Puts @ 3.10. The strike price is at the yearly low.
$PCG #ShortPuts – Bought to…
$PCG #ShortPuts – Bought to close PCG Oct 20 2017 50.0 Puts @ 0.05 to close out a 1 day trade.
Sold these yesterday at an average price of 0.85.
Letting my strike 45 puts run to expiration this Friday.
$PCG #ShortPuts #FallingKnife – Sold…
$PCG #ShortPuts #FallingKnife – Sold PCG Oct 20 2017 45.0 Puts @ 0.80 with the stock in freefall.
It finally hit the butcher block at 50.
#OptionsExpiration #Weeklys #Oct 13 -…
#OptionsExpiration #Weeklys #Oct 13 – almost nothing this week.
–Expirations —
$SVXY (Weekly) Oct 13 2017 79 Puts
$TAP (Weekly) Oct 13 2017 78 Puts
–Assignments —
$UVXY (Weekly) Oct 13 2017 17.5 Puts
$ULTA $DISH $ESRX $WBA #ShortPuts…
$ULTA $DISH $ESRX $WBA #ShortPuts #FallingKnife – all S&P stocks at or near their 52Week Low –
Sold ULTA DEC 15 2017 145.0 Put @ 1.45
Sold DISH MAR 16 2018 42.5 Put @ 1.70
Sold ESRX MAY 18 2018 47.5 Put @ 1.37
Sold WBA JUN 15 2018 55.0 Put 1.32
$DUST #ShortCalls – Bought to…
$DUST #ShortCalls – Bought to close DUST Jan 19 2018 90.0 Calls @ 0.05. They won’t trade any lower and carry extra high margin requirements as a 3x product.
They also run for another 3 months.
Originally sold most of these during the DUST run to the high 30’s in Feb at prices from 4.20 to 4.80.
Also sold in early March at 6.80 and 8.00
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY Dec 15 2017 65.0 Call @ 0.76.
Originally sold on 08/10/17 at 10.10.
I still have a couple of these left, sold at higher prices.
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close 1 Jan 18 2019 65.0 Call @ 5.65 with the stock at 16.60.
Originally sold on 08/10/17 @ 22.0.
This is the last of this particular contract. I’ve been averaging down my buybacks just like I averaged up my original sales.
It’s now been over 2 months since the last decent volatility event. I’m wondering if we get to year end without another one.
$UVXY #ShortPuts – another dumb…
$UVXY #ShortPuts – another dumb trade with UVXY at 16.64 and the VIX at 9.55
Sold UVXY Nov 3 2017 15.0 Puts @ 0.74
$AAOI now trading $44 -…
$AAOI now trading $44 – $47 after hours, No positions
$DISH #ShortPuts #FallingKnife – Sold…
$DISH #ShortPuts #FallingKnife – Sold 1 DISH MAR 16 2018 42.5 Put @ 1.50 with the stock at 49.5.
$VIAB #ShortPuts #FallingKnife – Sold…
$VIAB #ShortPuts #FallingKnife – Sold 1 VIAB Mar 16 2018 22.5 Put @ 1.25
$TDG #ShortPuts – Bought to…
$TDG #ShortPuts – Bought to close TDG Nov 17 2017 98.0 Puts @ 0.05.
The stock & options were adjusted by a corporate event since they were sold.
On 03/22/2017 Sold TDG Nov 17 2017 120.0 Puts @ 3.00 and on 3/24/17 I added to the position @ 4.20.
It was a real #FallingKnife back then.
$GPC #ShortPuts – Bought to…
$GPC #ShortPuts – Bought to close GPC Nov 17 2017 75.0 Puts @ 0.05. They won’t trade any lower and still have over a month to run.
Originally sold as a #FallingKnife trade on 07/13/2017 @ 1.50
$UVXY #ShortPuts – probably a…
$UVXY #ShortPuts – probably a stunningly stupid trade –
Sold UVXY Oct 27 2017 16.0 Puts @ 0.61 with UVXY at 17.62 and VIX at 9.75
$DUST #CoveredCalls #Rollup – Another…
$DUST #CoveredCalls #Rollout – Another roll as the stock drops back toward the low of the day.
Bought to close DUST Oct 13 2017 27.5 Calls/Sold DUST Oct 27 2017 27.5 Calls @ 0.25 Credit.
$DUST #CoveredCalls #Rollup – not…
$DUST #CoveredCalls #Rollup – not much premium for next week so I went out 2 weeks.
Bought to close DUST Oct 13 2017 27.0 Calls/Sold DUST Oct 27 2017 27.5 Calls @ 0.30 Credit/
Gained 1/2 point on the strike price along with the extra cash.
$SLV #ShortPuts #IRA – Bought…
$SLV #ShortPuts #IRA – Bought to close SLV Dec 29 2017 13.0 Puts @ 0.01. They won’t trade any lower and they don’t expire until year-end.
Sold on 05/08/2017 @ 0.24
$WBA #ShortPuts #FallingKnife – Sold…
$WBA #ShortPuts #FallingKnife – Sold 1 WBA Apr 20 2018 60.0 Put @ 1.47 with the stock at 70.36.
$WBA #ShortPuts #FallingKnife – Sold…
$WBA #ShortPuts #FallingKnife – Sold 1 WBA Jun 15 2018 60.0 Put @ 1.76
$K #ShortPuts #FallingKnife – Sold…
$K #ShortPuts #FallingKnife – Sold 1 K Mar 16 2018 57.5 Put @ 1.60
$COST #ShortPuts #FallingKnife – Sold…
$COST #ShortPuts #FallingKnife – Sold 1 COST Jun 15 2018 118.0 Put @ 1.33
$XEC #ShortPuts – Bought to…
$XEC #ShortPuts – Bought to close XEC Dec 15 2017 75.0 Puts @ 0.05. They wont trade any lower and still have over 2 months until expiration.
Sold in June as a #FallingKnife trade at 1.30, 1.60 and 2.10 (the stock was obviously falling at the time)
$CVS #ShortPuts #FallingKnife – Sold…
$CVS #ShortPuts #FallingKnife – Sold 1 CVS Feb 16 2018 65.0 Put @ 1.40.
$GILD #Shortputs – Bought to…
$GILD #Shortputs – Bought to close GILD Nov 17 2017 55.0 Puts @ 0.01. They won’t trade any lower.
Originally sold on 5/18/17 @ 1.34
$DUST #ShortCalls – Bought to…
$DUST #ShortCalls – Bought to close DUST Nov 17 2017 35.0 Calls @ 0.20 to release some margin.
Sold on 9/20 @ 0.60
#OptionsExpiration #Weeklys #Oct06 – A…
#OptionsExpiration #Weeklys #Oct06 – A very light week and next week will be too.
Almost the last $SVXY Puts for the current year expired.
I need some more volatility.
— Expirations —
NUGT (Weekly) Oct 6 2017 28.5 Puts
SVXY (Weekly) Oct 6 2017 55 Puts
SVXY (Weekly) Oct 6 2017 65 Puts
$UVXY #ShortPuts – Forced into…
$UVXY #ShortPuts – Forced into a roll with a drop in $UVXY in the last 5 minutes of the trading day.
Bought to Close UVXY Oct 6 2017 18.5 Puts @ 0.08 to avoid assignment – Sold these @ 0.27
Sold UVXY Oct 13 2017 17.5 Puts @ 0.30 to replace them.
$UVXY #ShortPuts #Speculation – Yesterday…
$UVXY #ShortPuts #Speculation – Yesterday I sold UVXY Oct 6 2017 18.5 Puts @ 0.27.
I’m hoping they expire in a few hours.
Not my usual trade 🙂
$UVXY #ShortPuts – Bought to…
$UVXY #ShortPuts – Bought to close UVXY Oct 6 2017 19.0 Puts @ 0.23 to avoid assignment.
Sold them on 10/02 @ 0.25, so I cleared commissions.
$CVX #ShortPuts #FallingKnife – Bought…
$CVX #ShortPuts #FallingKnife – Bought to close 1 CVX Dec 15 2017 80.0 Put @ 0.01.
It won’t trade any lower and has over 2 months until expiration.
Sold at 1.14 on 04/19/2017.
$AYI #ShortPuts #FallingKnife – Bought…
$AYI #ShortPuts #FallingKnife – Bought to close 1 AYI Nov 17 2017 125.0 Put @ 0.05.
It won’t trade any lower.
Sold at 2.60 on 04/05/2017.
$COST #ShortPuts #FallingKnife – Sold…
$COST #ShortPuts #FallingKnife – Sold 1 COST Jan 19 2018 138 Put @ 1.30 with the stock at 156.96
$COST #ShortPuts #FallingKnife – Sold…
$COST #ShortPuts #FallingKnife – Sold 1 COST Apr 20 2018 125 Put @ 1.23 with the stock at 157.07
$DUST #CoveredCalls #IRA – rolled…
$DUST #CoveredCalls #IRA – rolled out to next week’s calls on the opening this morning
Bought to close DUST OCT 6 2017 27.0 Calls/Sold DUST OCT 13 2017 27.0 Calls @ 0.25 Credit
Bought to close DUST OCT 6 2017 27.5 Calls/Sold DUST OCT 13 2017 27.5 Calls @ 0.20 Credit
$SVXY #ShortCalls – did a…
$SVXY #ShortCalls – did a major #Rollup of ITM Calls to avoid assignment.
I am still long some SVXY stock but those shares are covered by next week’s calls.
Bought to close SVXY Oct 6 2017 85.0 Calls/Sold SVXY Jun 15 2018 115.0 Calls @ 0.90 Credit
Bought to close SVXY Oct 6 2017 87.0 Calls/Sold SVXY Mar 15 2018 100.0 Calls @ 4.25 Credit
Bought to close SVXY Oct 6 2017 87.0 Calls/Sold Jan 19 2018 100.0 Calls @ 0.42 Credit
http://money.cnn.com/data/fear-and-greed/
#Markets – this gauge is at new highs
http://money.cnn.com/data/fear-and-greed/
$UVXY #ShortPuts – for lack…
$UVXY #ShortPuts – for lack of anything else to do
Sold UVXY Oct 20 2017 17.0 Puts @ 0.61 with the stock at 18.41
$VIX – Another Day, Another…
$VIX – Another Day, Another Record High – S&P up 8 days in a row (longest win streak in 4 years) and 6 record highs in a row (longest streak since 1997) and today was the best day in a month…
VIX traded as low as 9.13 today…
The market is NEVER going down LOL
$CF $JWN $PRGO $TSN $VFC…
$CF $JWN $PRGO $TSN $VFC – harvesting gains on former #FallingKnife trades at minimum prices.
Bought to close CF Nov 17 2017 20.0 Puts @ 0.01
Bought to close JWN Oct 20 2017 32.5 Puts @ 0.01
Bought to close PRGO Nov 17 2017 55.0 Puts @ 0.05
Bought to close TSN Oct 20 2017 52.5 Puts @ 0.01
Bought to close VFC Nov 17 2017 45.0 Puts @ 0.01
$UVXY #ShortCall – Bought to…
$UVXY #ShortCalls – Bought to close 1 more UVXY Dec 15 2017 65.0 Call @ 0.98.
Sold this one on 08/10/17 @ 9.00.
Still 3 more to go, sold at higher prices.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close the next to last of my UVXY JAN 19 2018 65.0 Calls @ 1.74.
This one was sold on 08/10/17 @ 12.80.
A nice gain for an option trade.
$LB #CoveredCalls – Sold LB…
$LB #CoveredCalls – Sold LB JAN 19 2018 50.0 Calls @ 1.25 early in the day.
$KHC #ShortPuts – Sold 1…
$KHC #ShortPuts – Sold 1 KHC JAN 19 2018 72.5 Put @ 1.40. A #FallingKnife trade.
$VRX #ShortPuts – Bought to…
$VRX #ShortPuts – Bought to close VRX Oct 20 2017 7.5. Puts @ 0.01. It won’t trade any lower.
#FallingKnife trade.
Sold on 04/05/2017 at 1.05, and again on 04/21/2017 at 1.35.
Excellent ROI on this low cost stock.
$EFX #ShortPuts – Bought to…
$EFX #ShortPuts – Bought to close 1 EFX Oct 20 2017 75.0 Put @ 0.05. It won’t trade any lower.
Sold this not that long ago. #FallingKnife trade.
Sold on 09/13/2017 @ 1.20
$AYI #ShortPuts – Bought to…
$AYI #ShortPuts – Bought to close 1 AYI NOV 17 2017 120.0 Put @ 0.05. It won’t trade any lower and this is a high priced stock with over 6 weeks left until expiration.
Sold on 05/12/2017 at 1.80
$DVN #ShortPuts – Bought to…
$DVN #ShortPuts – Bought to close DVN OCT 20 2017 29.0 Puts @ 0.01
$ESRX #ShortPuts – Bought to…
$ESRX #ShortPuts – Bought to close ESRX OCT 20 2017 52.5 Put @ 0.01.
Sold on 05/11/17 at 1.36
$RL #ShortPuts – Bought to…
$RL #ShortPuts – Bought to close RL JAN 19 2018 50.0 Put @ 0.05. Doesn’t expire until next year.
Sold on 05/16/17 at 1.30.
$SWKS #ShortPuts – Bought to…
$SWKS #ShortPuts – Bought to close 1 SWKS NOV 17 2017 70.0 Put @ 0.05.
Sold on 06/29/2017 at 1.15
$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.
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Are you coming this weekend?
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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