$ALXN #ShortCalls – Sold 1 ALXN NOV 17 2017 165.0 Call @ 2.85 with the stock at 138.20.
Paired with existing short Puts for November that are already profitable.
Author Archives: Option Iceman
$SBUX #ShortPuts #FallingKnife – Sold…
$SBUX #ShortPuts #FallingKnife – Sold 1 SBUX Jan 19 2018 50.0 Put @ 1.36 with the stock at 54.74
$UAA #ShortPuts – Sold UAA…
$UAA #ShortPuts – Sold UAA SEP 15 2017 17.5 Puts @ 0.66.
49 DTE
$NUGT #CoveredCalls – Rolled some…
$NUGT #CoveredCalls – Rolled some calls about to expire today up 2 points and out 1 week
Bought to close NUGT JUL 28 2017 34.0 Calls/ Sold NUGT AUG 4 2017 36.0 Calls @ 0.27 Credit.
I would welcome an assignment at 36.
$AMZN #ShortPuts #Earnings – Sold…
$AMZN #ShortStrangles #Earnings – Sold AMZN Jul 28 2017 940.0 Puts/1190.0 Calls @ 1.00 with the stock at 1044
$M #CoveredCalls – Sold M…
$M #CoveredCalls – Sold M Sep 15 2017 28.0 Calls @ 0.36 with the stock at 24.29
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY 25/100 (Weeklys) Jul 28 2017 10.0 Calls @.08 against some odd lot long stock positions left over from the last split.
Best trade of the day. Equal to 40 on the current stock.
$UVXY #ShortCalls #VXXGame – small…
$UVXY #ShortCalls #VXXGame – small positions for farther out in time. Highest available strike.
Sold 1 UVXY Sep 15 2017 65.0 Call @ 2.59
Sold 1 UVXY Dec 15 2017 65.0 Call @ 6.70
$ULTA #ShortPuts #FallingKnife – Sold…
$ULTA #ShortPuts #FallingKnife – Sold ULTA Jan 19 2018 150.0 Puts @ 1.65 with the stock at 246.94
$UVXY #ShortCalls #VXXGame #OptionLadder -…
$UVXY #ShortCalls #VXXGame #OptionLadder – Finally a spike !!!
Sold UVXY Aug 4 2017 60.0 Calls @ 0.32
Sold UVXY Aug 11 2017 60.0 Calls @ 0.51
Sold UVXY Aug 18 2017 60.0 Calls @ 1.23
Sold UVXY Aug 25 2017 60.0 Calls @ 1.25
Sold UVXY Sep 1 2017 60.0 Calls @ 1.93
$NFLX #ShortStock – Covered the…
$NFLX #ShortStock – Covered the short position I have not hedged with puts @ 184.89, for a gain on the trade.
$NFLX #CoveredPuts – Sold 1…
$NFLX #CoveredPuts – Sold 1 more NFLX Jul 28 2017 185.0 Put @ 1.17 with the stock at 185.18. This expires tomorrow against part of my short stock position.
$NFLX #CoveredPuts – Sold NFLX…
$NFLX #CoveredPuts – Sold NFLX Jul 28 2017 185.0 Puts @ 0.67 with the stock at 186.25.
These expire tomorrow against only some of my short stock position
$NUGT $DUST – big reversals…
$NUGT $DUST – big reversals from the moves yesterday.
$UHS #ShortPuts #FallingKnife – Sold…
$UHS #ShortPuts #FallingKnife – Sold UHS Jan 19 2018 90.0 Puts @ 1.50 with the stock at 111.01
$ALXN #ShortCalls #Strangle – some…
$ALXN #ShortCalls #Strangle – sold some calls, turning some of my long term put positions into strangles.
Sold 1 ALXN Aug 18 2017 145.0 Call @ 2.10 – 22 days until expiration
Sold 1 ALXN Nov 17 2017 165.0 Call @ 2.35
$KR #CoveredCalls – Sold KR…
$KR #CoveredCalls – Sold KR Jan 19 2018 29.0 Calls @ 0.45 with the stock at 23.75.
$KR #CoveredCalls – Sold KR…
$KR #CoveredCalls – Sold KR Oct 20 2017 28 Calls @ 0.30 with the stock at 23.75
$SVXY #ShortCalls – Sold 1…
$SVXY #ShortCalls – Sold 1 SVXY Jan 18 2019 165.0 Call @ 5.80 with the stock at 92.65
$BBBY #ShortPuts #FallingKnife – Sold…
$BBBY #ShortPuts #FallingKnife – Sold BBBY NOV 17 2017 27.5 Puts @ 1.73
$ALXN #ShortPuts – Bought to…
$ALXN #ShortPuts – Bought to close ALXN Aug 18 2017 90.0 Puts @ 0.05.
Covered some former #FallingKnife trades almost a month early at minimum value.
Sold on 03/14/2017 at 2.05
Sold on 04/07/17 at 2.45
Also on 05/26/2017 I sold 1 ALXN Aug 18 2017 90.0 Put @ 4.80. I’m letting that one run to expiration.
NUGT #CoveredCalls – Sold NUGT…
NUGT #CoveredCalls – Sold NUGT 25/100 Jan 19 2018 15.0 Calls @ 0.67
Equivalent to Selling a strike 60.0 Call @ 2.68
$NUGT #CoveredCall – Sold 1…
$NUGT #CoveredCalls – Sold 1 NUGT Jan 10 2018 58.0 Call @ 2.70 with the stock at 32.48.
Highest available strike price.
$VIX briefly drops to 8.84…
$VIX briefly drops to 8.84 on whatever the Fed news was. Possibly an all time low going back to 1993.
$SVXY #ShortCalls – SOLD 1…
$SVXY #ShortCalls – SOLD 1 SVXY JAN 18 2019 165.0 CALL @ 5.70 with the stock at 92.47
$GWW #CoveredCalls – Sold GWW…
$GWW #CoveredCalls – Sold GWW Oct 20 2017 190 Call @ 1.70 with the stock at 169.98.
Over-writing the long stock position a bit while creating an #OptionLadder in the calls to go along with a big October #OptionLadder in the Puts
$CMG is rallying this morning….
$CMG is rallying this morning. Nice to see it putting a bit more distance between the stock and my 300 strike price.
Earnings tonight.
$GWW #CoveredCalls – Sold GWW…
$GWW #CoveredCalls – Sold GWW SEP 15 2017 180.0 Calls @ 1.55 with the stock at 169.16.
The stock is rallying after a bad reaction to a good earnings report last week.
Plus there is going to be a 1.28 dividend with an approximate ex-date around Aug 4th.
$VIX #OMFG – Pre market…
$VIX #OMFG – Pre market VIX low at 9.04 – will we see an 8 handle???
$GWW #CoveredCalls – Sold GWW…
$GWW #CoveredCalls – Sold GWW AUG 18 2017 175.0 Calls @ 1.10
$CMG #Earnings – Sold 1…
$CMG #Earnings – Sold 1 CMG JUL 28 2017 300.0 Put @ 1.10 with the stock at 342.76.
$VIX – at 9.30 -…
$VIX – at 9.30 – geesh 😦
$NBR #ShortPuts – Bought to…
$NBR #ShortPuts – Bought to close NBR Jul 21 2017 Puts @ 0.33 to avoid assignment tonight.
Originally sold at 0.57.
$GWW #SHortPuts – Bought to…
$GWW #ShortPuts #FallingKnife – Bought to close 1 GWW Jul 21 2017 165.0 Put @ 0.35 to avoid assignment tonight.
Originally sold on 04/19/2017 at 1.40 so I still cleared a point profit.
$NFLX #ShortCalls – Bought to…
$NFLX #ShortCalls – Bought to close 2 NFLX Jul 21 2017 190.0 Calls @ 0.01 versus a sale at 0.53 a couple of days ago.
I’m letting the one I sold @ 1.06 expire as planned.
$VIX – The overnight VIX…
$VIX – The overnight VIX got to within 2 cents of the low for the year.
Not a time to be aggressively selling SVXY Puts IMHO.
Of course, our government is humming along like a well oiled machine, the Fed has our back and has the economy soaring, and the world is at peace.
What could possibly go wrong 🙂
$CMG #ShortPuts – Sold 1…
$CMG #ShortPuts – Sold 1 CMG Aug 4 2017 300.0 Put @ 1.70 with the stock at 348.64.
This expires in 2 weeks, after earnings.
All of the current bad news flow happened after the end of the quarter so I don’t expect a 50 point drop on next week’s earnings.
And it could always be rolled out if necessary.
$ALXN #ShortPuts – Bought to…
$ALXN #ShortPuts – Bought to close 1 ALXN Aug 18 2017 85.0 Put @ 0.05. It won’t trade any lower and I’m out a month early.
Originally sold on 03/14/2017 at 1.40
$TRIP #ShortPuts #FallingKnife – Bought…
$TRIP #ShortPuts #FallingKnife – Bought to close 1 TRIP Jul 21 2017 38.0 Put @ 0.05 to avoid possible assignment tomorrow. The stock is falling hard today.
Originally sold on 05/26/2017 at 1.35.
$NUGT #CoveredCalls – NUGT is…
$NUGT #CoveredCalls – NUGT is running so I rolled up my covered calls at a profit
Bought to close NUGT Jul 21 2017 32.5 Calls/ Sold NUGT Jul 28 2017 34.0 Calls @ 0.25 Credit
$DVN #ShortPuts #FallingKnife – Sold…
$DVN #ShortPuts #FallingKnife – Sold DVN Jan 19 2018 27.5 Put @ 1.33 with the stock at 32.62
$CHRW #ShortPuts #FallingKnife – Sold…
$CHRW #ShortPuts #FallingKnife – Sold CHRW Jan 19 2018 55.0 Put @ 1.55 with the stock at 64.76
$DUST #ShortPuts #Rolldown –the last…
$DUST #ShortPuts #Rolldown –the last rolls on profitable DUST put positions for this week.
Bought to Close DUST JUL 21 2017 36.0 Puts /Sold DUST AUG 18 2017 35.0 Puts @ 0.19 Credit
$URI #ShortPuts #Earnings – Sold…
$URI #ShortPuts #Earnings – Sold URI Jul 21 2017 108.0 Puts at 0.36 with the stock at 118.75.
These expire in 2 days
$CMG #ShortPuts #FallingKnife – Bought…
$CMG #ShortPuts #FallingKnife – Bought to close CMG Jul 21 2017 337.5 Puts @ 0.05.
Sold these yesterday at @ 0.55 and @ 1.10
$ALXN #ShortPuts #FallingKnife – Bought…
$ALXN #ShortPuts #FallingKnife – Bought to close ALXN AUG 18 2017 85.0 Puts @ 0.05. Nothing more to make here. They won’t trade any lower.
Originally sold on 04/07/2017 at 1.65.
—
$DUST #ShortPuts #Rolldown – more…
$DUST #ShortPuts #Rolldown – more rolls on profitable DUST put positions this week.
Bought to Close DUST JUL 21 2017 35.0 Puts /Sold DUST AUG 11 2017 34.0 Puts @ 0.15 Credit
$NFLX #ShortCalls – Sold NGLX…
$NFLX #ShortCalls – Sold NFLX Jul 21 2017 195.0 Calls @ 0.37 with the stock at 185.55. I don’t think the stock has another 10 points in it in the next 2 1/2 days.
Of course I’ve been wrong before 🙂
$DUST #ShortPuts #Rolldown – more…
$DUST #ShortPuts #Rolldown – more rolls on profitable DUST put positions this week.
Bought to Close DUST JUL 21 2017 35.0 Puts /Sold DUST AUG 25 2017 33.0 Puts @ 0.20 Credit
$AAPL #ShortPuts – Bought to…
$AAPL #ShortPuts – Bought to close AAPL JUL 21 2017 139.0 Puts @ 0.01.
Originally sold on 06/19/2017 at 1.03
$TRIP #CoveredCalls – Sold TRIP…
$TRIP #CoveredCalls – Sold TRIP JUL 28 2017 40.0 Calls @ 0.30
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close 16 UVXY 5/100 60.0 Calls @ 0.01 on a partial fill of a big position.
This is a very old position from 2 splits ago.
My average cost was about 3.77 per option, so a real nice gain.
$NFLX – up 14% today….
$NFLX – up 14% today. Ignore these and enjoy the ride ..
$HOG ShortPuts #FallingKnife – Sold…
$HOG ShortPuts #FallingKnife – Sold 1 HOG Jan 19 2018 40 Put @ 1.26
$CMG ShortPuts – Sold 1…
$CMG #ShortPuts #FallingKnife – Sold 1 CMG Jul 21 17 337.5 Put @ 1.10 with the stock at 364.75. This expires Friday.
Lowest available strike
$NFLX #ShortCalls – Sold 1…
$NFLX #ShortCalls – Sold 1 NFLX Jul 21 2017 190.0 Call @ 1.06 with the stock at 183.49.
I’ll ride this one until expiration on Friday.
$TRIP #CoveredCalls – Sold TRIP…
$TRIP #CoveredCalls – Sold TRIP Jul 28 2017 40.0 Calls @ 0.20. Earnings are in early August
$IBM #ShortPuts #Earnings – Sold…
$IBM #ShortPuts #Earnings – Sold IBM Jul 21 2017 141.0 Puts @ 0.41 with the stock at 152.50
$UAA #ShortPuts #FallingKnife – Sold…
$UAA #ShortPuts #FallingKnife – Sold 1 UAA Jan 19 2018 17.5 Put @ 1.33
$CMG #ShortPuts – Sold CMG…
$CMG #ShortPuts – Sold CMG Jul 28 2017 300.0 Puts @ 0.60 with the stock at 367.26.
This stock is getting crushed. Earnings on the 25th.
Lowest available strike.
$NFLX #ShortCalls – Sold 1…
$NFLX #ShortCalls – Sold 1 NFLX Jul 21 2017 185.0 Call @ 1.02 with the stock at 180.63
I was going to ride my sale from yesterday to expiration anyway, so adding on a bit.
This trade is not for the timid.
edit:
I was a bit early on the last trade.
Sold 1 NFLX Jul 21 2017 185.0 Call @ 2.04 with the stock at 182.45
$GWW #ShortPuts #Earnings – Sold…
$GWW #ShortPuts #Earnings – Sold GWW Jul 21 2017 155.0 Puts @ 0.75 with the stock at 171.74.
This stock has gotten crushed since the last earnings report but the 3 year low was recently set at 167.44.
With it’s decent dividend I’d be inclined to take the stock at the strike price and start selling covered Calls.
$UVXY #ShortCalls – Sold 1…
$UVXY #ShortCalls #VXXGame – Sold 1 UVXY Sep 15 2017 65.0 Call @ 2.37 to start a new position.
This was the only one I could get done before UVXY gave up it’s early morning gain.
$NFLX #Earning – Bought to…
$NFLX #ShortPuts #Earning – vs. my sales from yesterday
Bought to close NFLX Jul 21 2017 137.0 Puts @ 0.01
Bought to close NFLX Jul 21 2017 138.0 Puts @ 0.01
Bought to close NFLX Jul 21 2017 139.0 Puts @ 0.01
$UVXY #VXXGame – New options…
$UVXY #VXXGame – New options start trading today. Highest strike across the board is 65.0 on the MONTHLY expirations = 16.25 strike on the old options.
A move to that strike would represent a stock move of about 100%, and imply a 25% drop in $SVXY.
Tread cautiously.
$NFLX – don’t fight the…
$NFLX – don’t fight the tape but …. some thoughts from a NFLX bear
https://seekingalpha.com/article/4088280-things-grew-faster-subscribers-netflix-last-quarter
$NFLX #ShortStrangles – Added some…
$NFLX #ShortStrangles – Added some NFLX Jul 21 185 Calls @ 0.37, creating a strangle with some of my earlier Puts
$NFLX #ShortPuts #Earnings – Sold…
$NFLX #ShortPuts #Earnings – A few more
Sold NFLX Jul 21 2017 138 Puts @ 0.42.
Sold NFLX Jul 21 2017 137 Puts @ 0.37
$NFLX #ShortPuts #Earnings – Sold…
$NFLX #ShortPuts #Earnings – Sold NFLX Jul 21 2017 139 Puts @ 0.47.
Multiple lows from early Feb thru mid April in this area create a nice floor.
edit: Added on at 0.52
#OptionsExpiration #Weeklys #Jul14 – a…
#OptionsExpiration #Weeklys #Jul14 – a slow week this week, but a big monthly expiration next week. Made some nice quick profits on $TSLA this week and have positions for the next two weeks too.
$SVXY and $UVXY begin trading on a split basis Monday morning
No assignments this week.
— Expirations —
SVXY (Weekly) Jul 14 2017 75 Puts
SVXY (Weekly) Jul 14 2017 85 Puts
SVXY (Weekly) Jul 14 2017 90 Puts
SVXY (Weekly) Jul 14 2017 114 Puts
SVXY (Weekly) Jul 14 2017 115 Puts
TRIP (Weekly) Jul 14 2017 40 Calls (Covered)
TSLA (Weekly) Jul 14 2017 260 Puts
TSLA (Weekly) Jul 14 2017 270 Puts
TSLA (Weekly) Jul 14 2017 280 Puts
UVXY (Weekly) Jul 14 2017 11 Calls (Covered)
UVXY (Weekly) Jul 14 2017 11.5 Calls (Covered)
UVXY (Weekly) Jul 14 2017 12 Calls (Covered)
UVXY (Weekly) Jul 14 2017 13.5 Calls
UVXY (Weekly) Jul 14 2017 14 Calls
UVXY (Weekly) Jul 14 2017 14.5 Calls
UVXY (Weekly) Jul 14 2017 15 Calls
UVXY (Weekly) Jul 14 2017 15.5 Calls
UVXY (Weekly) Jul 14 2017 16 Calls
UVXY (Weekly) Jul 14 2017 16.5 Calls
UVXY (Weekly) Jul 14 2017 17 Calls
UVXY (Weekly) Jul 14 2017 17.5 Calls
UVXY (Weekly) Jul 14 2017 18 Calls
UVXY (Weekly) Jul 14 2017 20 Calls
The Dow Jones Industrial Average…
The Dow Jones Industrial Average continues to set fresh highs, but not every stock is participating.
Here are the top seven year-to-date losers on the index. From the plunge in oil (Chevron) to concerns on management (General Electric), each laggard has dealt with notable challenges this year unlike most others in the Dow.
Goldman Sachs (GS) : -4.2%
Intel (INTC) : -4.8%
IBM (IBM) : -7%
Exxon Mobil (XOM) : -10.2%
Chevron (CVX) : -11.4%
General Electric (GE) : -15%
Verizon (VZ) : -18.1%
$SVXY #ShortCalls – Sold 1…
$SVXY #ShortCalls – Sold 1 SVXY Dec 15 2016 205 Call @ 10.45 with the stock at 171.15.
Selling this primarily based on the extremely low level of the VIX
$VIX – quickly approaching a…
$VIX – quickly approaching a new VIX low
$SVXY #ShortCalls #VXXGame – Sold…
$SVXY #ShortCalls #VXXGame – Sold 1 SVXY Jan 18 2019 330.0 Call @ 9.40.
Adding to this position on the last day before the 2-1 split.
Highest available strike price.
$DUST #ShortPuts #Rolldown – taking…
$DUST #ShortPuts #Rolldown – taking a big gain on an old position to avoid assignment tonight and lowering the strike price with the stock at 31.30.
Bought to close DUST Jul 14 2017 33.0 Puts @ 1.58 – this is less than the intrinsic value of the put
Sold DUST Aug 4 2017 31.0 Puts @ 2.03 – these are OTM but not by much, so all time value.
Options Bistro 