$VIX briefly drops to 8.84 on whatever the Fed news was. Possibly an all time low going back to 1993.
Author Archives: Option Iceman
$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.
$NUGT #CoveredCalls – rolled this…
$NUGT #CoveredCalls – rolled this out a week and up a point.
Bought to close NUGT JUL 14 2017 31.5 Calls @ 0.01
Sold NUGT JUL 21 2017 32.5 Calls @ 0.27
$MYL #CoveredCalls – Sold MYL…
$MYL #CoveredCalls – Sold MYL (Weekly) Sep 1 2017 42.5 Calls @ 0.57
$SVXY #ShortCalls – a couple…
$SVXY #ShortCalls – a couple of long term positions I will use to sell puts against –
Sold 1 SVXY Jan 18 2019 330.0 Call @ 9.10
Sold 1 SVXY Jan 18 2019 215.0 Call @ 31.85
$DUST #ShortPuts #Rolldown – taking…
$DUST #ShortPuts #Rolldown – taking some big gains on old positions and lowering the strike prices.
Bought to close DUST Jul 14 2017 35.0 Puts/Sold DUST Aug 4 2017 33.0 Puts @ 0.15 Credit
Bought to close DUST Jul 14 2017 34.0 Puts/Sold DUST Aug 4 2017 32.0 Puts @ 0.45 Credit
$FOSL #ShortPuts #FallingKnife – Sold…
$FOSL #ShortPuts #FallingKnife – Sold 1 FOSL Nov 17 2017 9.0 Put @ 1.40 with the stock at 9.56.
$GWW #ShortPuts #FallingKnife – Sold…
$GWW #ShortPuts #FallingKnife – Sold 1 GWW Dec 15 2017 120.0 Put @ 1.15 with the stock at 170.50.
The stock is already below it’s previous 5 year low.
$TSCO #ShortPuts #FallingKnife – Sold…
$TSCO #ShortPuts #FallingKnife – Sold TSCO Jan 19 2018 45.0 Puts @ 2.25 with the stock at 50.18.
The stock is already below it’s previous 3 year low
$VZ #ShortPuts #FallingKnife – Sold…
$VZ #ShortPuts #FallingKnife – Sold 1 VZ Dec 15 2017 41.0 Put @ 1.16
$GPC #ShortPuts #FallingKnife #OptionLadder -…
$GPC #ShortPuts #FallingKnife #OptionLadder – a new one today with the stock at 83.21.
Sold 1 GPC NOV 17 2017 75.0 Put @ 1.50
Sold 1 GPC FEB 16 2018 70.0 Put @ 1.45
The 3 year low on the stock is 76.50.
$ALXN #ShortPuts #FallingKnife – Bought…
$ALXN #ShortPuts #FallingKnife – Bought to close 1 ALXN AUG 18 2017 80.0 Put @ 0.05. It won’t trade any lower and I’m out 5 weeks early.
Originally sold on 05/25/2017 at 1.75.
$MNK #ShortPuts #FallingKnife – Bought…
$MNK #ShortPuts #FallingKnife – Bought to close 1 MNK JUL 21 2017 35.0 Put @ 0.05.
Originally sold on 11/30/2016 at 2.30
$ANF $MYL $VTR – missed…
$ANF $MYL $VTR – missed posting these trades earlier, closing out short positions at minimum value.
A couple of these are gone more than a month early!
Bought to Close 2 ANF AUG 18 2017 15.0 Calls @ 0.01
Originally sold at 1.00 on 12/22/16
Bought to Close 2 MYL JUL 21 2017 35.0 Puts @ 0.01
Originally sold at 0.57 on 03/01/17
Buy to Close 1 VTR AUG 18 2017 55.0 Put @ 0.05
Originally sold at 0.55 on 04/24/17
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Aug 25 95.0 Puts @ 1.15 with the stock at 165.55.
Traded these basically because I’m bored with this market
$TRIP #CoveredCalls – Sold 1…
$TRIP #CoveredCalls – Sold 1 TRIP Aug 11 2017 41.0 Call @ 1.10 with the stock at 36.92.
30 days until expiration.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close UVXY Jul 21 2017 32.0 Calls @ 0.01.
Originally sold 2 @ 0.91 and 2 @ 0.96 on 5/17/17
$NUGT #CoveredCalls – Sold NUGT…
$NUGT #CoveredCalls – Sold NUGT Jul 14 2017 31.5 Calls @ 0.11 with the stock at 28.31.
3 days until expiration.
I hope I’m forced to roll this one out.
$NUGT #ShortPuts – Sold 1…
$NUGT #ShortPuts – Sold 1 NUGT Aug 11 2017 23.5 Put @ 1.09.
This replaces the near term strike 28.0 Put I covered yesterday at 0.86
$SVXY #ShortCalls – Sold 1…
$SVXY #ShortCalls – Sold 1 SVXY Jan 18 2019 330.0 Call @ 8.50 with the stock at 161.46
Adding to my position.
I will add if the price spikes.
$SVXY #ShortCalls – Yesterday I…
$SVXY #ShortCalls – Yesterday I Sold 1 SVXY Jan 18 2019 330.0 Call @ 8.20. I will add if the price spikes.
$INTC $GE $VZ- Some of…
$INTC $GE $VZ- Some of the bluest of the blue chips are starting to crack. Worth noting because the #FAANG stocks can’t hold this market up all by themselves.
$UAA #ShortPuts – Bought to…
$UAA #ShortPuts – Bought to close UAA JUL 21 2017 17.5 Puts @ 0.01 in an IRA account.
Out two weeks early and there is no more to make here.
Sold 02/02/2017 @ 0.80.
$NUGT #ShortPuts – Bought to…
$NUGT #ShortPuts – Bought to close 1 NUGT Jul 14 2017 28.0 Put @ 0.86 to close out a position at a profit that was over 2 points in the money in the pre-market this morning.
We have had a very small bump in $GLD (.2%) but a much bigger move in $NUGT (6%).
I still have more Puts a lower strikes.
#OptionsExpiration #Weeklys #July7 – Not…
#OptionsExpiration #Weeklys #July7 – Not much going on this week. A small correction ended up being wiped out by the close today. #BTFD
Nice to see another round of $DUST Puts expire.
No assignments this week, and a light week next week.
–Expirations —
DUST (Weekly) Jul 7 2017 28 Puts
DUST (Weekly) Jul 7 2017 34 Puts
TRIP (Weekly) Jul 7 2017 40 Calls (Covered)
SVXY (Weekly) Jul 7 2017 85 Puts
SVXY (Weekly) Jul 7 2017 90 Puts
SVXY (Weekly) Jul 7 2017 95 Puts
SVXY (Weekly) Jul 7 2017 105 Puts
SVXY (Weekly) Jul 7 2017 110 Puts
SVXY (Weekly) Jul 7 2017 113 Puts
SVXY (Weekly) Jul 7 2017 120 Puts
UVXY (Weekly) Jul 7 2017 11 Calls (Covered)
UVXY (Weekly) Jul 7 2017 11.5 Calls (Covered)
UVXY (Weekly) Jul 7 2017 12 Calls
UVXY (Weekly) Jul 7 2017 12.5 Calls
UVXY (Weekly) Jul 7 2017 13 Calls
UVXY (Weekly) Jul 7 2017 13.5 Calls
UVXY (Weekly) Jul 7 2017 14 Calls
UVXY (Weekly) Jul 7 2017 15 Calls
UVXY (Weekly) Jul 7 2017 16 Calls
UVXY (Weekly) Jul 7 2017 17 Calls
UVXY (Weekly) Jul 7 2017 18 Calls
UVXY (Weekly) Jul 7 2017 19 Calls
Options Bistro 