$TRIP #ShortPuts – Bought to close 1 TRIP JUN 16 2017 38.0 Put @ 0.05. It won’t trade any lower and I’m out a month early.
Sold on 02/23/17 at 1.15 as a #FallingKnife trade.
Author Archives: Option Iceman
$NUGT #CoveredCalls – Sold NUGT…
$NUGT #CoveredCalls – Sold NUGT 25/100 Dec 19.0 Calls @ 0.88.
This strike is equivalent to a strike 76.0 call on the current stock, with the stock at 36.50
#OIL – everything Oil related…
#OIL – everything Oil related is going to gap higher this morning. All those #Fallingknife trades from the last two weeks will be requiring less margin as the premium falls and the distance to the strike widens.
$NUGT – New strikes today…
$NUGT – New strikes today up to 51.0 for all weeklys and monthlys except Dec and Jan
#OptionsExpiration #Weeklys #May12 – Volatility…
#OptionsExpiration #Weeklys #May12 – Volatility is staying stubbornly low so plenty of expiring options this week. It is getting harder and riskier to replace $SVXY and $UVXY options with new positions.
Some more $DUST puts expired that had been sold for big premiums so that is good. Good results with $APA and $TRIP too. No assignments.
— Expirations —
APA (Weekly) May 12 2017 48.5 Puts
DUST (Weekly) May 12 2017 28 Puts
NUGT 25/100 (Weekly) May 12 2017 13.5 Calls (Covered)
NUGT 25/100 (Weekly) May 12 2017 14 Calls (Covered)
SVXY (Weekly) May 12 2017 65 Puts
SVXY (Weekly) May 12 2017 70 Puts
SVXY (Weekly) May 12 2017 75 Puts
SVXY (Weekly) May 12 2017 80 Puts
SVXY (Weekly) May 12 2017 85 Puts
SVXY (Weekly) May 12 2017 90 Puts
TRIP (Weekly) May 12 2017 50.5 Calls
UVXY (Weekly) May 12 2017 13 Calls (Covered)
UVXY (Weekly) May 12 2017 13.5 Calls (Covered)
UVXY (Weekly) May 12 2017 14 Calls (Covered)
UVXY (Weekly) May 12 2017 27.5 Calls
UVXY (Weekly) May 12 2017 30 Calls
UVXY (Weekly) May 12 2017 40 Calls
UVXY (Weekly) May 12 2017 42 Calls
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 2 UVXY May 26 2017 40.0 Calls @ 0.01. Sold on 4/13/17 @ 1.95.
Also Bought to close 2 UVXY May 26 2017 42.0 Calls @ 0.01. Sold on 4/21/17 @ 0.89.
They won’t trade any lower.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 5 UVXY May 19 2017 30.0 Calls @ 0.01. They won’t trade any lower.
Sold on 3/21 thru 3/23/2017 at prices from 1.69 up t0 2.09. Avg price 1.89.
$GE – surprisingly add this…
$GE – surprisingly add this one to the #FallingKnife list
#FallingKnife candidates today $BBBY $ESRX…
#FallingKnife candidates today
$BBBY $ESRX $FOSL $GILD $HP $JEC $M $SIG $VIAB
$NUGT – New strikes up…
$NUGT – New strikes up to 49.0 today on all weekly and monthly expirations except January.
$NUGT #CoveredCalls – when the…
$NUGT #CoveredCalls – when the stock started the week at 29, I didn’t think I would have to roll these.
Bought to close NUGT May 12 2017 34.0 Calls/ Sold NUGT May 19 2017 35.0 Calls @ 0.64 Credit
$AKAM $SIG #ShortPuts #FallingKnife -…
$AKAM $SIG #ShortPuts #FallingKnife – sold these today, among others
Sold AKAM Nov 17 2017 40.0 Puts @ 1.22
Sold SIG Oct 20 2017 45.0 Puts @ 1.25
#SP500 #NewLows #FallingKnife – $M…
#SP500 #NewLows #FallingKnife – $M $SIG $TSCO $BBBY $AN $GWW
In general, all these are in retail/wholesale sales.
The others that have been getting hit for a long time are $MAC $SPG $KIM – all REITS.
I’m staying away
$UVXY #ShortCalls – Sold Jun…
$UVXY #ShortCalls – Sold Jun 23 2017 24.50 Calls @ 0.70 with the stock at 13.32. Highest available Strike.
#FallingKnife candidates today $ALXN $AMGN…
#FallingKnife candidates today
$ALXN $AKAM $AMGN $BIIB $CHRW $ESRX $SIG $TSCO $UPS
$DUST #ShortCalls – Bought to…
$DUST #ShortCalls – Bought to Close DUST May 19 2017 45 Calls Limit @ 0.05.
High margin requirements.
Sold on 4/27/17 at 0.75.
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close 5 SVXY May 19 2017 55 Puts @ 0.01. They won’t trade any lower. Originally sold 03/24/17 @ 0.55
#FallingKnife candidates today – $AKAM…
#FallingKnife candidates today – $AKAM $VIAB $MNK $SEE $FOSL $CHRW
$TRIP #ShortCalls #Earning – Bought…
$TRIP #ShortCalls #Earning – Bought to close TRIP May 19 2017 52.5 Calls @ 0.05. They won’t trade any lower.
$NUGT #ShortPuts #PreSplit – Rolled…
$NUGT #ShortPuts #PreSplit – Rolled some strike 8 Puts for this week out a bit
Bought to close NUGT May 12 2017 8.0 Puts/ Sold NUGT May 19 2017 8.0 Puts @ 0.12 Credit
and
Bought to close NUGT May 12 2017 8.0 Puts/ Sold NUGT Jun 2 2017 7.5 Puts @ 0.05 Credit
$UVXY #CoveredCall – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY May 12 2017 14.0 Calls @ 0.12.
At this point I just want out.
$UAA #CoveredCalls – Sold UAA…
$UAA #CoveredCalls – Sold UAA JAN 19 2018 27.5 Calls @ 0.64
$SVXY #ShortPuts #ShortCalls – lightening…
$SVXY #ShortPuts #ShortCalls – lightening up on old SVXY positions. Covering ITM calls at a loss. Only partially offset by covering short puts at a gain.
2 SVXY May 26 2017 85.0 Puts @ 0.05 – Sold at 1.53
1 SVXY Jun 2 2017 70.0 Put @ 0.05 – Sold at 1.21
5 SVXY JUN 16 2017 43.0 Puts @ 0.03 – Sold at 1.11
5 SVXY JUN 16 2017 50.0 Puts @ 0.11 – Sold at 0.60
2 SVXY JUN 16 2017 57.0 Puts @ 0.09 – Sold at 1.57
2 SVXY SEP 15 2017 35.0 Puts @ 0.18 – Sold at 0.72
10 SVXY SEP 15 2017 40.0 Puts @ 0.18 – Sold at 0.80
2 SVXY SEP 15 2017 45.0 Puts @ 0.31 – Sold at 1.45
2 SVXY JAN 19 2018 70.0 Puts @ 2.92 – Sold at 7.18
1 SVXY JUN 16 2017 120.0 Call @ 36.65 – Sold at 9.29
2 SVXY JAN 19 2018 140.0 Calls @ 37.00 – Sold at 6.40
2 SVXY JAN 19 2018 150.0 Calls @ 31.55 – Sold at 4.80
2 SVXY JAN 19 2018 155.0 Calls @ 29.25 – Sold at 4.70
$UVXY #CoveredCall – Sold 1…
$UVXY #CoveredCalls – Sold 1 UVXY May 12 2017 13.0 Call @ 0.23.
At this point I just want out.
$SVXY #ShortCalls #Rollup – Giving…
$SVXY #ShortCalls #Rollup – Giving this trade a bit more time to work.
Bought to close 1 SVXY May 19 2017 115 Call/Sold 1 SVXY Sep 15 2017 123 Call @ 0.05 Credit
$SLV #ShortPuts #IRA #FallingKnife –…
$SLV #ShortPuts #IRA #FallingKnife – Sold SLV Oct 20 2017 13.5 Puts @ 0.23 with the stock at 15.25.
#FallingKnife candidates – $TSN $CHRW
#FallingKnife candidates – $TSN $CHRW
$CELG #ShortPuts #FallingKnife – Sold…
$CELG #ShortPuts #FallingKnife – Sold a some more Puts in this name
Sold 1 CELG Oct 20 2017 95.0 Put @ 1.39
Sold 1 CELG Jan 19 2018 85.0 Put @ 1.39
$SVXY #ShortPuts – SVXY is…
$SVXY #ShortPuts – SVXY is too high and I’m going to have to cover more calls. I will also need to cover some worthless puts to get a full margin release.
Bought to close 6 May 12 2017 70.0 Puts @ 0.01. Sold on the last VIX spike at 0.64, 0.75 and 0.90
$TRIP #Earnings – Sold $TRIP…
$TRIP #Earnings – Sold $TRIP May 19 2017 52.5 Calls @ 0.60 with the stock at 47.09.
Earnings after the bell on Tuesday.
Already short long term Puts from the drop after the last earnings report.
$SLV #ShortPuts #IRA – Sold…
$SLV #ShortPuts #IRA – Sold SLV Dec 29 2017 13.0 Puts @ 0.24 with the stock at 15.40.
$SLV just posted its longest losing streak ever. #FallingKnife
Carter Worth is looking for a bounce in this volatile commodity
#FallingKnife candidates – $BIIB
#FallingKnife candidates – $CELG $BIIB $AKAM
#OptionsExpiration – a decent week…
#OptionsExpiration – a decent week as more #Volatility trades roll off.
$TSLA #EarningCompression trade worked too. No assignments this week.
— Expirations —
NUGT (Weekly) May 5 2017 9 Calls (Covered)
NUGT (Weekly) May 5 2017 13.5 Calls (Covered)
NUGT (Weekly) May 5 2017 14 Calls (Covered)
SVXY (Weekly) May 5 2017 70 Puts
SVXY (Weekly) May 5 2017 80 Puts
SVXY (Weekly) May 5 2017 81 Puts
SVXY (Weekly) May 5 2017 82 Puts
SVXY (Weekly) May 5 2017 83 Puts
SVXY (Weekly) May 5 2017 84 Puts
SVXY (Weekly) May 5 2017 85 Puts
SVXY (Weekly) May 5 2017 90 Puts
SVXY (Weekly) May 5 2017 97 Puts
TSLA (Weekly) May 5 2017 280 Puts
UVXY (Weekly) May 5 2017 32 Calls (Covered)
UVXY (Weekly) May 5 2017 39 Calls
UVXY (Weekly) May 5 2017 40 Calls
UVXY (Weekly) May 5 2017 42 Calls
$TROW #ShortPuts – Bought to…
$TROW #ShortPuts – Bought to close TROW Jul 21 2017 55.0 Puts @ 0.05. They won’t trade any lower and still have 77 days left until expiration.
A former #FallingKnife Trade. Sold on 01/27/17 @ 0.80
$SVXY #ShortPuts – Sold 1…
$SVXY #ShortPuts – Sold 1 SVXY May 19 2017 125.0 Put @ 1.16.
Waiting for many short Puts to expire today against existing short Calls.
$IBM #ShortPuts #FallingKnife – Sold…
$IBM #ShortPuts #FallingKnife – Sold 1 IBM JAN 19 2018 115.0 Put @ 1.21.
The three year low on the stock is 116.90
$MRO #ShortPuts #FallingKnife – Sold…
$MRO #ShortPuts #FallingKnife – Sold MRO Oct 20 2017 11.0 Puts @ 0.46 with the stock at 13.89
$APA #ShortPuts #FallingKnife – sold…
$APA #ShortPuts #FallingKnife – sold a few of these
Sold 1 APA Jul 21 2017 45.0 Put @ 1.58
Sold 1 APA Oct 20 2017 40.0 Put @ 1.41
$PXD #ShortPuts #FallingKnife – Sold…
$PXD #ShortPuts #FallingKnife – Sold 1 PXD Dec 15 2017 105.0 Put @ 1.40 with the stock at 165.46
$OXY #ShortPuts #FallingKnife – Sold…
$OXY #ShortPuts #FallingKnife – Sold 1 OXY NOV 17 2017 50.0 Put @ 1.33 with the stock at 57.73
$MYL #CoveredCalls – Sold MYL…
$MYL #CoveredCalls – Sold MYL Oct 20 2017 47.5 Calls @ 0.41 with the stock at 37.98
$SWN #ShortPuts #FallingKnife – Sold…
$SWN #ShortPuts #FallingKnife – Sold SWN Sep 15 2017 6.0 Puts @ 0.49 with the stock at 6.87
$SWN $RRC $EQT $DO $APA…
$SWN $RRC $EQT $DO $APA $OXY $GWW $BBBY #FallingKnife candidates today. Most are in the Oil/Energy space.
$UVXY #ShortCalls #VXXGame – Bought…
$UVXY #ShortCalls #VXXGame – Bought to close UVXY3 JUN 16 2017 31.0 Calls @ 0.01 in 4 separate accounts this morning. Still 43 days left until expiration and they won’t trade any lower.
These are the old pre-split contracts. At the time they were sold they were the highest available strike.
Sold on 10/27/16 @ 4.00
Sold on 10/28/16 @ 4.40, 4.50
Sold on 11/01/16 @ 5.25, 5.45, 5.50, 5.60
$DO #ShortPuts #FallingKnife – Sold…
$DO #ShortPuts #FallingKnife – Sold 1 DO Sep 15 2017 12.5 Put @ 1.04
#FallingKnife – some former #FallingKnife…
#FallingKnife – some former #FallingKnife stocks with nice days today
$CVX 106.72 +1.36
$QCOM 54.49 +1.20
$FSLR 33.91 +3.59
$PANW 113.14 +3.23
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT Jul 21 2017 45.0 Call @ 2.18.
Paired up with short $DUST Calls at 65 for June and 90 for January
$TSLA #ShortPuts – Sold TSLA…
$TSLA #ShortPuts – Sold TSLA MAY 5 2017 280.0 Puts @ 0.62. Paired with a couple of long term short 500.0 Calls.
My bid at a penny is already in to cover these.
$SVXY #ShortPuts – margin made…
$SVXY #ShortPuts – margin made me do it – with all I’ve closed I’m good below 148.50
Bought to close 1 SVXY May 05 2017 82.0 Put @ 0.01 – Sold at 1.14
Bought to close 1 SVXY May 05 2017 83.0 Put @ 0.01 – Sold at 1.23
$AKAM $APC $NBL #FallingKnife candidates
$AKAM $APC $DO $NBL $OXY #FallingKnife candidates
$AAPL – one of the…
$AAPL – one of the few stocks in the DOW, the SP500 and the NASDAQ100.
A lower market open tomorrow?
$SVXY #ShortPuts #AfterHours – Bought…
$SVXY #ShortPuts #AfterHours – Bought to close 1 SVXY May 05 2017 80.0 Put @ 0.01.
Sold on 03/24/17 @ 1.25
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close 2 SVXY May 05 2017 81.0 Puts @ 0.01.
Sold in late March and early April at an average of 1.14
$RIG $NOV #FallingKnife candidates
$RIG $NOV $OXY #FallingKnife candidates
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 2 UVXY May 12 2017 27.5 Calls @ 0.01. They won’t trade any lower.
Sold at 1.33 and 1.57 on 4/3/17
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close 10 SVXY Jun 16 2017 39.0 Puts @ 0.05 (no commission).
Sold in late December for an average of 1.27.
#SVXY #ShortPuts #ShortCalls – Margin…
#SVXY #ShortPuts #ShortCalls – Margin issues are still pressuring me.
Bought to close 2 SVXY Jan 19 2018 130.0 Calls @ 38.80 – Originally sold at 7.90
Bought to close 2 SVXY Jan 19 2018 135.0 Calls @ 35.70 – Originally sold at 7.10
Bought to close 6 SVXY Sep 15 2017 165.0 Calls @ 13.40 – Originally sold at 13.43 (breakeven)
Bought to close 22 SVXY Jun 16 2017 55.0 Puts @ 0.11 – Originally sold at 3.55
A net overall loss but not as bad as yesterday.
If the stock keeps hanging around 150 I’ll be forced out of more positions in the next day or two.
$DUST ShortPuts – Bought to…
$DUST ShortPuts – Bought to close DUST MAY 5 2017 27.0 Puts @ 0.05. They won’t trade any lower.
Sold on 4/12 at 3.70 as a #Rolldown trade. After a number of rolls, made a decent return overall.
$VIX – What does a…
$VIX – What does a single digit VIX mean?
http://tinyurl.com/lw7mya2
$CVS #ShortPuts – Bought to…
$CVS #ShortPuts – Bought to close CVS May 19 2017 70.0 Puts @ 0.01. They won’t trade any lower.
A former #FallingKnife trade. Sold in late January at an average of 1.23
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close 1 SVXY May 19 2017 71.0 Put @ 0.01- Originally sold at 1.17 on 4/13.
The funny thing is, until I closed the position it had not traded at all since I sold it. It had an open interest of 1 contract.
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close 1 SVXY May 5 2017 75.0 Put @ 0.01- Originally sold at 1.15
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close 4 SVXY MAY 12 2017 65.0 Puts @ 0.02. Originally sold at 0.56
$VXX #ShortCalls – Bought to…
$VXX #ShortCalls – Bought to close 3 VXX May 26 2017 30.0 Calls @ 0.02. Originally sold @ 0.38
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close 5 SVXY JUN 16 2017 30.0 Puts @ 0.04. Originally sold at 2.30
#SVXY #ShortPuts #ShortCalls – Margin…
#SVXY #ShortPuts #ShortCalls – Margin issues raising their ugly head again.
Bought to close 2 SVXY Jan 19 2018 125 Calls @ 41.90 – Originally sold at 9.00
Bought to close 10 SVXY Jan 18 2019 20.0 Puts @ 0.36 – Originally sold at 2.00
A net overall loss.
If the stock stays at 150 I’ll be forced out of more positions in the next day or two.
$VIX – Back down to…
$VIX – Down to 9.90 at the low …. so far. Bounce territory for sure.
VIX Crashes To 9-Handle For First Time In Over 10 Years
As Nasdaq melts up faster than Bitcoin, perceived equity market risk has utterly collapsed. VIX just traded with a 9-handle for the first time since Feb 2007…
$LB ShortPuts #FallingKnife – today…
$LB ShortPuts #FallingKnife – today I covered a short May 50.0 Put at a point that I originally sold for 1.20.
Despite the fact that it is out of the money 2 points with 3 weeks to go, in early April the stock collapsed to 43.04 before gaining it all back recently.
I decided I don’t need added the risk on this name because I am still short Aug 45 and 42.5 Puts and Nov 32.5 Puts that are nicely profitable.
One of my unwritten rules is if a Put that I sold for 1.20 gets up to 7 or 8 dollars and then gives me a chance to get out ahead, I take it, and don’t look back.
I would have taken the stock if it had stayed down. The current move shows why that would have worked too.
#OptionsExpiration #Weeklys #Apr28 – A…
#OptionsExpiration #Weeklys #Apr28 – A pretty nice week with a bunch of #Volatility trades ($SVXY $UVXY) rolling off.
Another set of $DUST Puts expired as I continue to reduce my exposure in those.
Only one assignment this week.
— Expirations —
DUST (Weekly) Apr 28 2017 23.5 Puts
NUGT (Weekly) Apr 28 2017 7 Puts
NUGT (Weekly) Apr 28 2017 7.5 Puts
NUGT (Weekly) Apr 28 2017 10 Calls (Covered)
NUGT (Weekly) Apr 28 2017 11.5 Calls (Covered)
NUGT (Weekly) Apr 28 2017 13 Calls (Covered)
NUGT (Weekly) Apr 28 2017 14 Calls
SVXY (Weekly) Apr 28 2017 70 Puts
SVXY (Weekly) Apr 28 2017 75 Puts
SVXY (Weekly) Apr 28 2017 80 Puts
SVXY (Weekly) Apr 28 2017 85 Puts
SVXY (Weekly) Apr 28 2017 87 Puts
SVXY (Weekly) Apr 28 2017 88 Puts
SVXY (Weekly) Apr 28 2017 89 Puts
SVXY (Weekly) Apr 28 2017 90 Puts
SVXY (Weekly) Apr 28 2017 91 Puts
SVXY (Weekly) Apr 28 2017 94 Puts
SVXY (Weekly) Apr 28 2017 96 Puts
SVXY (Weekly) Apr 28 2017 98 Puts
SVXY (Weekly) Apr 28 2017 105 Puts
SVXY (Weekly) Apr 28 2017 107 Puts
SVXY (Weekly) Apr 28 2017 150 Calls – Part of a strangle trade
UVXY (Weekly) Apr 28 2017 22.5 Calls (Covered)
UVXY (Weekly) Apr 28 2017 23 Calls (Covered)
UVXY (Weekly) Apr 28 2017 24 Calls (Covered)
UVXY (Weekly) Apr 28 2017 31 Calls
UVXY (Weekly) Apr 28 2017 32 Calls
UVXY (Weekly) Apr 28 2017 33 Calls
UVXY (Weekly) Apr 28 2017 34 Calls
UVXY (Weekly) Apr 28 2017 35 Calls
UVXY (Weekly) Apr 28 2017 39 Calls
— Assignments —
NUGT (Weekly) Apr 28 2017 9 Puts – a new long position
$DUST #ShortPuts #Rolldown #IRA -…
$DUST #ShortPuts #Rolldown #IRA – while I was hoping that these would expire, I instead rolled them out a couple of weeks and moved the strike price down 4 points with the stock at 31.68.
Bought to close DUST Apr 28 2017 32.0 Puts @ 0.44 – Originally sold at 5.22
Sold DUST May 12 2017 28.0 Puts @ 0.84.
A 0.40 credit on the trade, and these come due the same time as my NUGT May 12 2017 8.0 Puts.
One of the trades will certainly work, maybe both.
$SVXY #ShortCalls #Rollup – a…
$SVXY #ShortCalls #Rollup – a 2nd roll on this position.
Bought to close SVXY Apr 28 2017 137.50 Calls/ Sold SVXY Jun 2 2017 146 Calls @ 0.52 Credit.
Originally rolled Mar 17 2017 125.0 Calls up to these 137.50 Calls for a 0.20 credit.
At the time the strike was above the alltime high in SVXY.
The new strike is right at the current alltime high. Maybe this one will work.
On the plus side I have 27 short SVXY puts expiring today. So It’s not all bad.
#VIX – some interesting charts…
#VIX – some interesting charts in this article –
http://www.zerohedge.com/news/2017-04-27/vix-crush-saves-stocks-crude-drops-gdp-flops-us-credit-risk-pops
$VIX #VXXGame – the VIX…
$VIX #VXXGame – the VIX is a 10.37 and is right at near term support. I know it can stay low for extended periods of time but this is the area where it has bounced from in the past.
Looking out a few weeks I would expect another bounce to the 12 area. That is where I start selling volatility again.
For now I’m letting old positions roll off via expiration or covering longer term positions if they continue to decay toward minimum value.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close UVXY3 JUN 16 2017 35.0 Calls @ 0.01. They won’t trade any lower.
These were the pre-split contracts.
Originally sold on 12/30/2016 @ 0.96. Out 50 days before expiration.
$X #ShortPuts #FallingKnife – Sold…
$X #ShortPuts #FallingKnife – Sold 1 X OCT 20 2017 18.0 Put @ 1.26
Options Bistro 