SVXY #ShortPuts #OptionLadder – sold…

SVXY #ShortPuts #OptionLadder – sold all these today at life of contract highs with SVXY @ 122
SVXY May 12 2017 75.0 Puts @ 1.17
SVXY May 12 2017 80.0 Puts @ 1.59
SVXY May 12 2017 85.0 Puts @ 1.92
SVXY May 12 2017 90.0 Puts @ 2.61

$UVXY #CoveredCalls #Rollup #IRA –…

$UVXY #CoveredCalls #Rollup #IRA – Bought back my Apr13 21.0 Calls and Sold Apr 21 22.5.0 Calls @ 0.85 Credit.
Not waiting for these to expire(if they even do) and then trying to sell the new ones on Monday.

$DUST #ShortPuts – Bought to…

$DUST #ShortPuts – Bought to close DUST Apr 13 2017 24.0 Puts @ 0.05 to avoid possible assignment.
At 1:00 the stock was at 23.66.

$UVXY #CoveredCalls #Rollup #IRA -…

$UVXY #CoveredCalls #Rollup #IRA – Bought back my Apr13 21.5 Calls at a gain and Sold Apr 21 23.0 Calls @ 0.85 Credit.
Not waiting for these to expire and trying to sell the new one’s on Monday.

$NUGT #ShortCalls – Sold a…

$NUGT #ShortCalls – Sold a few more this morning
Sold NUGT May 5 2017 14.0 Calls @ 0.39
Sold NUGT May 12 2017 14.0 Calls @ 0.57

$TSCO #ShortPuts #FallingKnife – Sold…

$TSCO #ShortPuts #FallingKnife – Sold TSCO OCT 20 2017 55.0 Puts @ 1.25

#Nikkei 225 Chart shows a…

#Nikkei 225 Chart shows a clear break of support. It could only be the first of the big indexes to break down
http://www.finviz.com/futures_charts.ashx?t=NKD&p=d1

$NUGT #ShortCalls – Sold NUGT…

$NUGT #ShortCalls – Sold NUGT Sep 15 2017 18.0 Calls @ 1.29. Highest strike.

$DUST #ShortPuts #Rollout – going…

$DUST #ShortPuts #Rollout – going out a few weeks and down a couple 0f strike prices.
Bought to close DUST APR 13 2017 29.0 Puts/Sold DUST MAY 5 2017 27.0 Puts for 0.20 Credit
Last week at this time it looked liked this week’s puts had a chance of expiring.

$TSLA – Dan Fitzpatrick on…

$TSLA – Dan Fitzpatrick on OMM finally posts a trade I agree with
Sell TSLA May 2017 $320/$330 Bear Call Spread for $2.80 or better when TSLA was trading at 303.88. Stop: 318 Stock Above (Stop at 318 )

$SVXY #ShortPuts – Sold SVXY…

$SVXY #ShortPuts – Sold SVXY May 5 2017 90.0 Puts @ 1.54 with the stock at 123.
Assignment would be below the 2017 low on the stock.

$NUGT #CoveredCalls #OptionLadder – partially…

$NUGT #CoveredCalls #OptionLadder – partially covered with long stock, with a few short puts thrown in. All with the stock at 11.
Sold NUGT MAY 5 2017 13.5 Calls @ 0.37
Sold NUGT MAY 12 2017 14.0 Calls @ 0.43
Sold NUGT MAY 19 2017 15.0 Calls @ 0.40
Sold NUGT MAY 26 2017 15.5 Calls @ 0.43
Sold NUGT JUN 16 2017 16.0 Calls @ 0.64
Sold NUGT SEP 15 2017 18.0 Calls @ 1.25

$SVXY #ShortPuts – Sold SVXY…

$SVXY #ShortPuts – Sold SVXY May 12 2017 65.0 Puts @ 0.53 with the stock at 122.70. This is a gift!

$VXX #ShortCalls – Sold VXX…

$VXX #ShortCalls – Sold VXX May 12 2017 30.0 Calls @ 0.24. VXX is half as volatile as UVXY.
Highest strike.

$UVXY #ShortCalls #VXXGame – Sold…

$UVXY #ShortCalls #VXXGame – Sold UVXY May 5 2017 40.0 Calls @ 0.75. New Highest strike.
Strike 40’s are now available for all weekly expirations.

$UVXY #ShortCalls #ClassicVXXGame – Sold…

$UVXY #ShortCalls #ClassicVXXGame – Sold 1 UVXY JAN 18 2019 60.0 Call @ 7.30

$SVXY #ShortPuts – filled these…

$SVXY #ShortPuts – filled these on the drop to 123 in SVXY
Sold 1 SVXY Apr 28 2017 87.0 Put @ 1.16
Sold 1 SVXY May 5 2017 83.0 Put @ 1.22
Sold 1 SVXY May 19 2017 76.0 Put @ 1.52
Sold 1 SVXY May 19 2017 77.0 Put @ 1.61

$SVXY #ShortPuts #IRA – covered…

$SVXY #ShortPuts #IRA – covered some of this weeks Puts to get buying power.
Bought to close SVXY APR 13 2017 85.0 Puts @ 0.01. They won’t trade any lower.
Replaced them with:
SVXY MAY 5 2017 82.0 Puts @ 1.05
SVXY MAY 12 2017 75.0 Puts @ 0.95
SVXY MAY 12 2017 70.0 Puts @ 0.75

$UVXY #ShortCalls #VXXGame – staying…

$UVXY #ShortCalls #VXXGame – staying small at the top of the chain with the stock at 20.44
Sold 1 UVXY MAY 12 2017 30.0 Call @ 2.14
Sold 1 UVXY MAY 19 2017 39.0 Call @ 1.59
Sold 1 UVXY MAY 26 2017 30.0 Call @ 2.63

$SVXY #ShortPuts #IRA – No…

$SVXY #ShortPuts #IRA – No need to go out any farther than the weeklys with the stock at 125.
Sold SVXY May 5 2017 83.0 Puts @ 1.05
Sold SVXY May 12 2017 80.0 Puts @ 1.05
Sold SVXY May 19 2017 67.0 Puts @ 0.67
Sold SVXY May 26 2017 65.0 Puts @ 0.65

$NUGT #CoveredCalls #IRA – Sold…

$NUGT #CoveredCalls #IRA – Sold NUGT Apr 13 2017 10.5 Calls @ 0.28. These gapped up this morning.

$UVXY #ShortCalls – new weeklys,…

$UVXY #ShortCalls – new weeklys, new strikes – with the stock at 18.50.
Sold UVXY May 12 2017 30.0 Calls @ 1.37
Sold UVXY May 26 2017 30.0 Calls @ 1.76

$SVXY #ShortPuts – new weeklys,…

$SVXY #ShortPuts – new weeklys, new strikes – with the stock at 131.
Sold SVXY May 26 2017 70.0 Puts @ 0.80

$SVXY #ShortPuts – new weeklys,…

$SVXY #ShortPuts – new weeklys, new strikes – with the stock at 135.
Sold 1 SVXY May 26 2017 85.0 Put @ 1.60
Sold 1 SVXY May 26 2017 80.0 Put @ 1.20

$ALXN #ShortPuts #FallingKnife – Sold…

$ALXN #ShortPuts #FallingKnife – Sold 1 ALXN Aug 18 2017 90.0 Put @ 2.45

#OptionsExpiration #Weeklys #Apr7 – first…

#OptionsExpiration #Weeklys #Apr7 – first expiration in quarter 2.
Everything expired. No Assignments

— Expirations —
DUST (Weekly) Apr 7 2017 22.5 Puts
DUST (Weekly) Apr 7 2017 38 Calls

NUGT (Weekly) Apr 7 2017 7.5 Puts
NUGT (Weekly) Apr 7 2017 8 Puts
NUGT (Weekly) Apr 7 2017 10 Calls (Covered)
NUGT (Weekly) Apr 7 2017 11 Calls (Covered)

SVXY (Weekly) Apr 7 2017 85 Puts
SVXY (Weekly) Apr 7 2017 86.5 Puts
SVXY (Weekly) Apr 7 2017 110 Puts
SVXY (Weekly) Apr 7 2017 117 Puts
SVXY (Weekly) Apr 7 2017 146 Calls

UVXY (Weekly) Apr 7 2017 17.5 Calls (Covered)
UVXY (Weekly) Apr 7 2017 18 Calls (Covered)
UVXY (Weekly) Apr 7 2017 18.5 Calls (Covered)
UVXY (Weekly) Apr 7 2017 19 Calls
UVXY (Weekly) Apr 7 2017 19.5 Calls
UVXY (Weekly) Apr 7 2017 20 Calls
UVXY (Weekly) Apr 7 2017 31 Calls
UVXY (Weekly) Apr 7 2017 35 Calls
UVXY (Weekly) Apr 7 2017 40 Calls

$UVXY #ShortCalls – Bought to…

$UVXY #ShortCalls – Bought to close UVXY APR 7 2017 17.5 Calls @ 0.05 to avoid possible assignment with the stock at 17.50 at the close

$VIX – the 1st and…

$VIX – the 1st and 2nd month futures are in backwardation. Further VIX rallies are likely.
http://vixcentral.com/

$NUGT #CoveredCalls #Rollout – repeating…

$NUGT #CoveredCalls #Rollout – repeating my weekly roll in an IRA account. The best one so far.
Bought to close NUGT Apr 7 2017 10.0 Calls @ 0.02
Sold NUGT Apr 13 2017 10.0 Calls @ 0.35 – only 4 trading days next week as the options expire on Thursday.

$ALXN #ShortPuts #FallingKnife – Sold…

$ALXN #ShortPuts #FallingKnife – Sold ALXN Aug 18 2017 85.0 Puts @ 1.65 with the stock at 114

$SVXY #ShortPuts – Bought to…

$SVXY #ShortPuts – Bought to close SVXY APR 21 2017 65.0 Puts @ 0.01. They won’t trade any lower and I’m out two weeks early. Sold 02/24/17 @ 0.87
Creating a little dry powder in case world events cause the VIX to spike again.

$UVXY #ShortCalls #NewOptions – Sold…

$UVXY #ShortCalls #NewOptions – Sold 1 UVXY MAY 26 2017 27.0 Call @ 1.35.
Highest current strike

$UVXY #ShortCalls #Speculation – After…

$UVXY #ShortCalls #Speculation – After the close with the stock at 17.22
Sold UVXY Apr 7 2017 19.5 Calls @ 0.29
Sold UVXY Apr 7 2017 20.0 Calls @ 0.29

$UVXY #ShortCalls #Speculation – Sold…

$UVXY #ShortCalls #Speculation – Sold UVXY Apr 7 2017 19.0 Calls @ 0.29 with the stock at 16.89.
Two days until expiration and the Weekly high on UVXY was 17.50 on Monday.
They can always be rolled.

$UVXY #ShortCalls – Fidelity apparently…

$UVXY #ShortCalls – Fidelity apparently just bumped the margin requirements again for UVXY positions. This forced me to cover part of my weekly #OptionChain.
Bought to close UVXY Apr 13 2017 35.0 Calls @ $0.01. At least they won’t trade any lower.

$TDG #ShortPuts #FallingKnife – Bought…

$TDG #ShortPuts #FallingKnife – Bought to close TDG APR 21 2017 145.0 Put @ 0.05. It won’t trade any lower.
TransDigm Group dropped from 277 to 200 in the 1st qtr before bouncing.
Sold 1 TDG Apr 21 2017 145.0 Put @ 1.05 on 3/22 and
Sold 1 TDG May 19 2017 125.0 Put @ 1.55 on 3/24 that I will eventually cover at a nickel as well..

$SVXY #ShortPuts – Bought to…

$SVXY #ShortPuts – Bought to close 1 SVXY Apr 7 2017 86.5 Put @ 0.01. It won’t trade any lower.
Originally sold on 02/24/2017 @ 2.05.
Also covered a couple of SVXY Apr 7 2017 79.0 Puts yesterday at 0.01.
If my remaining short puts for this week are not covered at a penny today, I’m cancelling my orders and riding them to expiration.

$SVXY #ShortPuts – Sold 1…

$SVXY #ShortPuts – Sold 1 SVXY MAY 19 2017 85.0 Put @ 1.70

$UVXY #ShortCalls – a bit…

$UVXY #ShortCalls – a bit of fun today playing at the top of the chain
Sold UVXY Apr 28 2017 39.0 Calls @ 0.41
Sold UVXY May 5 2017 39.0 Calls @ 0.59
Sold UVXY May 19 2017 39.0 Calls @ 1.03

$UVXY #ShortCalls #VXXGame – Sold…

$UVXY #ShortCalls #VXXGame – Sold UVXY MAY 19 2017 39.0 Calls @ 0.73. The new highest strike price.

#OptionsExpiration #Weeklys #Mar31 – An…

#OptionsExpiration #Weeklys #Mar31 – An OK week. Reaping the rewards from the last volatility spike.
We need more of that.

— Expirations —
DUST (Weekly) Mar 31 2017 22 Puts
DUST (Weekly) Mar 31 2017 24 Puts

NUGT (Weekly) Mar 31 2017 8 Puts

SVXY (Weekly) Mar 31 2017 86.5 Puts
SVXY (Weekly) Mar 31 2017 90 Puts
SVXY (Weekly) Mar 31 2017 95 Puts
SVXY (Weekly) Mar 31 2017 99 Puts
SVXY (Weekly) Mar 31 2017 100 Puts
SVXY (Weekly) Mar 31 2017 146 Calls
SVXY (Weekly) Mar 31 2017 147 Calls

UVXY (Weekly) Mar 31 2017 21 Calls
UVXY (Weekly) Mar 31 2017 21.5 Calls
UVXY (Weekly) Mar 31 2017 22 Calls
UVXY (Weekly) Mar 31 2017 30.5 Calls
UVXY (Weekly) Mar 31 2017 31 Calls
UVXY (Weekly) Mar 31 2017 31.5 Calls
UVXY (Weekly) Mar 31 2017 32 Calls
UVXY (Weekly) Mar 31 2017 32.5 Calls
UVXY (Weekly) Mar 31 2017 33 Calls
UVXY (Weekly) Mar 31 2017 33.5 Calls
UVXY (Weekly) Mar 31 2017 14.5 Puts

No Assignments.

$NUGT #CoveredCalls – repeating last…

$NUGT #CoveredCalls – repeating last week’s roll in an IRA acct even thought this week’s call would have expired.
Bought to close NUGT Mar 31 2017 10.0 Calls @ 0.01
Sold NUGT Apr 7 2017 10.0 Calls @ 0.21.
Waiting for Monday might not have yielded the same net result.

$UVXY #ShortPuts #Speculation – Sold…

$UVXY #ShortPuts #Speculation – Sold some Mar 31 2017 14.5 Puts at 0.10. A bit risky except that the VIX index was already down to 11.03 this morning. That is pretty much the floor on the VIX

$UAA #EarlyAssignment – My Apr…

$UAA #EarlyAssignment – My Apr 27.5 Puts were assigned overnight. Both were small positions. I like the company long term so I will hold it at least until yearend.
I am already short the Jan 35.0 Calls too from higher levels

$MRO #CoveredCalls – Sold MRO…

$MRO #CoveredCalls – Sold MRO JUL 21 2017 18.0 Calls @ 0.62 with the stock at 15.94

$NUGT #ShortPuts – using recent…

$NUGT #ShortPuts – using recent trading ranges as a guide I’m selling a few more Puts to replace positions that expired on Friday and to “encourage” DUST to go a bit higher.
Sold NUGT Apr 7 2017 8.0 Puts @ 0.26
Sold NUGT Apr 21 2017 7.5 Puts @ 0.30
Sold NUGT Apr 28 2017 7.5 Puts @ 0.42
Sold NUGT Apr 28 2017 7.0 Puts @ 0.30

$VIX – Yesterday -Volatility Index…

$VIX – Yesterday -Volatility Index gaps up 14% and finishes down 3.6%, one of the largest intraday reversals in history.
C784e0oVAAAtYbs

$SVXY #ShortCalls – Sold SVXY…

$SVXY #ShortCalls – Sold SVXY Jan 19 2018 275.0 Calls @ 3.60 with the stock at 141.44.
Not only is it the highest current strike price but it now has a bit less than 9 months to run.

$SVXY #ShortCalls #Speculation – Sold…

$SVXY #ShortCalls #Speculation – Sold SVXY MAR 31 2017 147.0 Calls @ 0.60 with the stock at 141.50.
In an account overloaded with short Puts I’m selling a couple of calls with the strike just above the all-time high in the stock.

$NUGT @CoveredCalls – Sold NUGT…

$NUGT @CoveredCalls – Sold NUGT Apr 7 2017 11.0 Calls @ 0.28 on the open this morning.

$SVXY #ShortPuts – not a…

$SVXY #ShortPuts – not a lot of new positions this morning. I ran a spreadsheet over the weekend and was amazed to find that I am already short almost twice as many puts as calls on SVXY.
Of course my short calls are very far out (2018 and 2019) while the majority of my puts are weeklys and are all out of the money 30 to 50 points (or more).
Sold SVXY Apr 13 2017 80.0 Puts @ 0.50
Sold SVXY Apr 28 2017 80.0 Puts @ 0.96
Sold SVXY May 5 2017 70.0 Puts @ 0.80
Sold SVXY Jun 16 2017 52.0 Puts @ 0.92

#OptionsExpiration #Weeklys #Mar24 – everything…

#OptionsExpiration #Weeklys #Mar24 – everything expired or was rolled for a profit this week. Looking forward to next week.

— Expired —
DUST Weekly Mar 24 2017 23 Puts
DUST Weekly Mar 24 2017 24.5 Puts
DUST Weekly Mar 24 2017 28 Puts
DUST Weekly Mar 24 2017 28.5 Puts

NUGT Weekly Mar 24 2017 7 Puts
NUGT Weekly Mar 24 2017 7.5 Puts
NUGT Weekly Mar 24 2017 8.5 Puts
NUGT Weekly Mar 24 2017 9 Puts
NUGT Weekly Mar 24 2017 10 Calls – Covered
NUGT Weekly Mar 24 2017 10.5 Calls – Covered

SVXY Weekly Mar 24 2017 65 Puts
SVXY Weekly Mar 24 2017 80 Puts
SVXY Weekly Mar 24 2017 85 Puts
SVXY Weekly Mar 24 2017 106 Puts
SVXY Weekly Mar 24 2017 107 Puts
SVXY Weekly Mar 24 2017 108 Puts
SVXY Weekly Mar 24 2017 119 Puts
SVXY Weekly Mar 24 2017 120 Puts

UVXY Weekly Mar 24 2017 22 Calls – Covered
UVXY Weekly Mar 24 2017 22.5 Calls – Covered
UVXY Weekly Mar 24 2017 27 Calls
UVXY Weekly Mar 24 2017 27.5 Calls
UVXY Weekly Mar 24 2017 32 Calls
UVXY Weekly Mar 24 2017 32.5 Calls
UVXY Weekly Mar 24 2017 34.5 Calls
UVXY Weekly Mar 24 2017 36 Calls
UVXY Weekly Mar 24 2017 38 Calls
UVXY Weekly Mar 24 2017 45 Calls

$UVXY #ShortCalls – UVXY could…

$UVXY #ShortCalls – UVXY could not quite get to 20 before falling all the way back to 18
Sold UVXY Mar 31 2017 33.0 Calls @ 0.26 – these expire next Friday
Sold UVXY Apr 13 2017 40.0 Calls @ 0.52
Sold 1 UVXY Apr 28 2017 35.0 Call @ 1.36
Sold 1 UVXY May 5 2017 32.0 Call @ 1.92

$SVXY #ShortPuts – WOW!! -…

$SVXY #ShortPuts – WOW!! – a brief drop to 128 on SVXY then right back up –
Sold SVXY Mar 31 2017 95.0 Puts @ 0.42 – these expire next Friday
Sold SVXY Mar 31 2017 99.0 Puts @ 0.63 – these expire next Friday
Sold SVXY Mar 31 2017 100.0 Puts @ 0.65 – these expire next Friday
Sold SVXY Apr 21 2017 78.0 Puts @ 0.70
Sold 1 SVXY May 5 2017 75.0 Put @ 1.15
Sold SVXY Jun 16 2017 52.0 Puts @ 0.82

$VIX – the VIX index…

$VIX – the VIX index has broken to a new March high, but SVXY, VXX and UVXY are not reflecting that. They are still inside yesterday’s ranges. However $SVXY Put buyers are getting more aggressive.
I’m currently selling May and Jun puts in the 60’s in size while just nibbling at other strike prices.

$UVXY #ShortCalls – UVXY briefly…

$UVXY #ShortCalls – UVXY briefly rallied to 18.60, below yesterday’s high but I got more fills at the highest strike prices.
Sold UVXY Apr 28 2017 35.0 Calls @ 1.08
Sold 1 UVXY May 5 2017 32.0 Call @ 1.49
Sold 1 UVXY Jun 16 2017 60.0 Call @ 1.55

$SVXY #ShortPuts – SVXY briefly…

$SVXY #ShortPuts – SVXY briefly dipped under 133 and I got some more fills
Sold SVXY Jun 16 2017 50.0 Puts @ 0.62
Sold 1 SVXY Jun 16 2017 60.0 Put @ 1.45
Sold SVXY May 19 2017 65.0 Puts @ 0.85
Sold 1 SVXY May 19 2017 80.0 Put @ 1.85
Sold 1 SVXY May 5 2017 81.0 Put @ 1.25
Sold SVXY Mar 31 99.0 Puts @ 0.44 – these expire in 1 week.

$SVXY #ShortPuts – a couple…

$SVXY #ShortPuts #OptionLadder – a couple of fills
Sold SVXY Mar 31 2017 99.0 Puts @ 0.38 – these expire in a week
Sold 1 SVXY MAY 19 2017 70.0 Put @ 1.10
Sold 1 SVXY MAY 19 2017 75.0 Put @ 1.30
Sold 1 SVXY MAY 19 2017 80.0 Put @ 1.75
Sold 1 SVXY MAY 19 2017 85.0 Put @ 2.15

$UVXY #CoveredCalls – taking nice…

$UVXY #CoveredCalls – taking nice gains on this week’s calls and rolling them up a half point for next week.
Bought to close UVXY Mar 24 2017 20.5 Calls/Sold UVXY Mar 31 2017 21.0 Calls @ 0.69 Credit
Bought to close UVXY Mar 24 2017 21.0 Calls/Sold UVXY Mar 31 2017 21.5 Calls @ 0.63 Credit
Bought to close UVXY Mar 24 2017 21.5 Calls/Sold UVXY Mar 31 2017 22.0 Calls @ 0.55 Credit

Since these are IRA accounts, normally I would wait for expiration of this week’s calls and write new ones on Monday. But I have found that the premiums for 1 week options collapses over the weekend and the bid prices are much lower Monday morning than they are on the close Friday afternoon. I may leave a few dollars on the table buying back worthless options early, but net-net I think I come out ahead.

$UVXY #ShortCalls #VXXGame – a…

$UVXY #ShortCalls #VXXGame – a little bounce to 19 today
Sold UVXY Mar 31 2017 31.0 Calls @ 0.26 – these expire next week
Sold UVXY Apr 7 2017 35.0 Calls @ 0.36
Sold UVXY Apr 13 2017 35.0 Calls @ 0.49
Sold UVXY Apr 21 2017 41.0 Calls @ 0.41 – Highest strike
Sold UVXY May 5 2017 32.0 Calls @ 1.27 – Highest strike
Sold UVXY May 19 2017 30.0 Calls @ 2.09 – Highest strike
Sold UVXY Jun 16 2017 60.0 Calls @ 1.30 – Highest strike
Sold UVXY Sep 15 2017 60.0 Calls @ 2.75 – Highest strike
Sold UVXY Jan 19 2018 60.0 Call @ 4.35 – Highest strike

$SVXY #ShortPuts – sold some…

$SVXY #ShortPuts #OptionLadder – sold some on the late move down to 131
Sold SVXY Mar 31 2017 95.0 Puts @ 0.40 – these expire next week
Sold SVXY Mar 31 2017 99.0 Puts @ 0.58 – these expire next week
Sold SVXY Mar 31 2017 100.0 Puts @ 0.60 – these expire next week
Sold SVXY Apr 7 2017 86.5 Puts @ 0.45
Sold SVXY Apr 13 2017 85.0 Puts @ 0.65
Sold 1 SVXY May 5 2017 81.0 Put @ 1.10 – lowest strike
Sold 1 SVXY May 19 2017 80.0 Put @ 1.65
Sold 1 SVXY May 19 2017 75.0 Put @ 1.25
Sold SVXY May 19 2017 70.0 Puts @ 0.95

$NUGT $DUST – a couple…

$NUGT $DUST – a couple of speculative trades in a quiet market. Both expire tomorrow
Sold DUST Mar 24 2017 28.5 Puts @ 0.15 with the stock at 31
Sold NUGT Mar 24 2017 8.5 Puts @ 0.11 with the stock at 8.96

$DUST #ShortPuts – rolled down…

$DUST #ShortPuts – rolled down another expiring position for a nice gain in the option being closed.
Bought to close DUST MAR 24 2017 36.0 Puts/ Sold DUST APR 28 2017 34.0 Puts @ 0.58 Credit.
Positions further in the money are tougher to roll, but it is still possible.

$DUST #ShortPuts – rolled down…

$DUST #ShortPuts – rolled down some expiring positions for a nice gain in the option being closed.
Bought to close DUST MAR 24 2017 32.0 Puts/ Sold DUST APR 13 2017 29.0 Puts @ 0.10 Credit.
Bought to close DUST MAR 24 2017 33.0 Puts/ Sold DUST APR 13 2017 30.0 Puts @ 0.10 Credit.
Only added a few weeks to the expiration date and moved the strike price down 10%.

$SVXY #ShortPuts – Sold 1…

$SVXY #ShortPuts – Sold 1 SVXY May 19 2017 75.0 Put @ 1.25.

$SVXY #ShortPuts – adding on…

$SVXY #ShortPuts – adding on to a couple of positions with the stock at 135 –
Sold SVXY Mar 31 2017 90.0 Puts @ 0.27
Sold SVXY Mar 31 2017 95.0 Puts @ 0.39
Sold SVXY Mar 31 2017 99.0 Puts @ 0.50
Sold SVXY Mar 31 2017 100.0 Puts @ 0.55
All these expire next Friday

$UVXY #ShortCalls – adding on…

$UVXY #ShortCalls – adding on to a couple of positions with the stock at 18.20 –
Sold UVXY Mar 31 2017 30.5 Calls @ 0.26 – these expire next Friday
Sold UVXY Apr 13 2017 35.0 Calls @ 0.38
Sold 1 UVXY May 19 2017 30.0 Call @ 1.79 – Highest strike
Sold 1 UVXY Sep 15 2017 60.0 Call @ 2.56 – Highest strike

$UVXY #ShortCalls #VXXGame – selling…

$UVXY #ShortCalls #VXXGame – selling additional calls this morning with the stock at 18 –
Sold UVXY Apr 28 2017 35.0 Calls @ 0.80 – Highest strike
Sold 1 UVXY May 19 2017 30.0 Call @ 1.79 – Highest strike

$SVXY #ShortPuts – selling some…

$SVXY #ShortPuts – selling some for next week with the stock at 134.50
Sold SVXY Mar 31 2017 100.0 Puts @ 0.50
Sold SVXY Mar 31 2017 95.0 Puts @ 0.35

$DUST #ShortCalls – Bought to…

$DUST #ShortCalls – Bought to close DUST Mar 31 2017 41.0 Calls @ 0.05. They won’t trade any lower.
Sold less than a month ago @ 0.90

#Markets #Volatility #Gold – levels…

#Markets #Volatility #Gold – levels to watch – previous turning points from late Feb ….
$SVXY / $UVXY – the last SVXY bottom was 118.39 while UVXY topped at 23.85.
$NUGT /$DUST when gold futures touched 1260 (now at 1245), NUGT peaked at 12.28 while DUST bottomed at 26.30

My opinions fwiw:
UVXY is unlikely to reach the prior peak until after SVXY violates its prior low – selling UVXY “Weekly” calls in the 30’s seems like a winning move vs. SVXY Puts. They can always be rolled.

DUST is much closer to it’s previous low than NUGT is from its high. A 28% move in NUGT would just about do it, but DUST would drop 28% to 21, over 5 points below its last bottom. I’m hanging on to my short DUST calls for June (65) and Jan 2018 (90) until that happens. I will continue to roll down DUST puts as needed.

$UVXY #ShortCalls – Sold UVXY…

$UVXY #ShortCalls – Sold UVXY Apr 28 2017 35 Calls @ 0.70 with the stock at 17. Highest available strike price.

$UVXY #ShortCalls #VXXGame – Sold…

$UVXY #ShortCalls #VXXGame – Sold 1 UVXY May 19 2017 30.0 Call @ 1.69. Highest available strike price and my first trade in this series.

$UVXY #ShortCalls – Some speculative…

$UVXY #ShortCalls – Some speculative call sales that expire Friday
Sold Mar 24 2017 22.0 Puts @ 0.22
Sold Mar 24 2017 22.5 Puts @ 0.22

$SVXY #ShortPuts – Some speculative…

$SVXY #ShortPuts – Some speculative put sales that expire Friday
Sold Mar 24 2017 120.0 Puts @ 0.40
Sold Mar 24 2017 119.0 Puts @ 0.40
Sold Mar 24 2017 108.0 Puts @ 0.20
Sold Mar 24 2017 107.0 Puts @ 0.20
Sold Mar 24 2017 106.0 Puts @ 0.20