$DUST #ShortCalls – Bought to close DUST Jun 16 2017 53.0 Calls @ 0.05. It won’t trade any lower
Closed out a month early. Originally sold on 05/04/17 at 1.20
Author Archives: Option Iceman
$VIX – looks to be…
$VIX – looks to be headed back to 10
#OptionsExpiration #Monthlys #May19 – an…
#OptionsExpiration #Monthlys #May19 – an interesting week with rumor/politics causing a big drop that was almost erased by Friday. Volatility was all over the board, with the VIX rising almost 50% before settling back.
Maybe more fireworks next week, but this week’s swoon set me up with new positions in the weeklys options ($SVXY and $UVXY) through the end of June.
Only 1 small assignment for this week.
–Expirations —
DUST May 19 2017 45 Calls
HES May 19 2017 45 Puts
NUGT 25/100 May 19 2017 7 Puts
NUGT 25/100 May 19 2017 8 Puts
NUGT 25/100 May 19 2017 10 Calls (Covered)
NUGT 25/100 May 19 2017 14 Calls (Covered)
NUGT 25/100 May 19 2017 15 Calls (Covered)
SVXY May 19 2017 60 Puts
SVXY May 19 2017 65 Puts
SVXY May 19 2017 67 Puts
SVXY May 19 2017 68 Puts
SVXY May 19 2017 69 Puts
SVXY May 19 2017 70 Puts
SVXY May 19 2017 74 Puts
SVXY May 19 2017 75 Puts
SVXY May 19 2017 76 Puts
SVXY May 19 2017 77 Puts
SVXY May 19 2017 78 Puts
SVXY May 19 2017 79 Puts
SVXY May 19 2017 80 Puts
SVXY May 19 2017 81 Puts
SVXY May 19 2017 85 Puts
SVXY May 19 2017 111 Puts
SVXY May 19 2017 116 Puts
SVXY May 19 2017 117 Puts
SVXY May 19 2017 119 Puts
SVXY May 19 2017 120 Puts
SVXY May 19 2017 125 Puts
SVXY May 19 2017 129.5 Puts
SVXY May 19 2017 131 Puts
SVXY May 19 2017 132 Puts
SVXY May 19 2017 133 Puts
SVXY May 19 2017 134 Puts
SVXY May 19 2017 135 Puts
SVXY May 19 2017 136 Puts
SVXY May 19 2017 137 Puts
SVXY May 19 2017 138 Puts
TRIP May 19 2017 52.5 Calls
UVXY May 19 2017 13.5 Calls (Covered)
UVXY May 19 2017 14 Calls (Covered)
UVXY May 19 2017 15 Calls (Covered)
UVXY May 19 2017 15.5 Calls (Covered)
UVXY May 19 2017 16 Calls (Covered)
UVXY May 19 2017 20 Calls
UVXY May 19 2017 20.5 Calls
UVXY May 19 2017 21 Calls
UVXY May 19 2017 39 Calls
UVXY May 19 2017 40 Calls
UVXY May 19 2017 42 Calls
— Assignments —
M May 19 2017 25 Puts
$UVXY #CoveredCalls – Feeling pretty…
$UVXY #CoveredCalls – Feeling pretty certain that today’s 15 and 15.5 calls would expire with the stock below 13 with 2 hours to go, I pre-sold new calls for next week.
Sold UVXY May 26 2017 16.5 Calls @ 0.28
Sold UVXY May 26 2017 17.0 Calls @ 0.28
$TSO #ShortPuts – Bought to…
$TSO #ShortPuts – Bought to close 1 TSO JUN 2 2017 68.5 Put @ 0.01.
Originally sold on 04/19/2017 at 1.09 as a #FallingKnife trade.
$SVXY #ShortPuts – #Rolled my…
$SVXY #ShortPuts – #Rolled my SVXY May 19 2017 148.0 Puts down and out. I split the position into 2 parts.
Bought to Close SVXY May 19 2017 148.0 Puts @ 4.81/Sold SVXY Jun 2 2017 142.0 Puts @ 5.31 for a .50 Credit and a 6 point drop in the strike price
Bought to Close SVXY May 19 2017 148.0 Puts @ 4.11/Sold SVXY May 26 2017 145.0 Puts @ 4.61 for a .50 Credit and a 3 point drop in the strike price. Only one more week until expiration on this one.
$GILD #ShortPuts – Bought to…
$GILD #ShortPuts – To avoid assignment, bought to close GILD May 19 2017 65.0 Puts @ 0.41 that I had sold for 1.40 in Feb.
#Rolled down to next month’s GILD Jun 16 2017 62.5 Puts @ 0.67 (for a 0.26 credit on the roll).
Dropped the strike price 2.5 points and avoided assignment on this #FallingKnife trade.
$NUGT #CoveredCalls – Bought to…
$NUGT #CoveredCalls – Bought to close NUGT May 19 2017 35.0 Calls @ 0.70 that I sold last Friday for 1.43.
#Rolled up to next week’s NUGT May 26 2017 36.0 Calls @ 1.42 (for a 0.72 credit on the roll).
Raised the strike price a point.
$SVXY – today’s early post…
$SVXY – today’s early post market moves in SVXY mean that you can’t rely on SVXY puts to expire based on the 4 pm closing price tomorrow.
Today, after closing at 133.50, it rallied to 134.33, then plunged to 130.28 before recovering a bit.
If we see this tomorrow, some unexpected assignments could take place.
I will be covering every profitable position I can during the day at low prices, but I will be rolling any ITM positions that I can’t cover out at least a week.
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold all these earlier with UVXY near 15.80.
Sold 1 UVXY Sep 15 2017 60.0 Call @ 1.19
Sold 1 UVXY Jan 19 2018 60.0 Call @ 2.30
Sold 1 UVXY Jan 18 2019 60.0 Call @ 4.19.
All these are the highest available strike prices
$TRIP #ShortPuts – Bought to…
$TRIP #ShortPuts – Bought to close 1 TRIP Jun 16 2017 36.0 Put @ 0.05. It won’t trade any lower.
A former #FallingKnife trade sold on 02/27/17 @ 1.15. Closed out a month early.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Jun 9 2017 75.0 Puts @ 0.60 with the stock at 132.15
$UVXY #ShortCall – Sold 1 UVXY Jun 30 2017 22.0 Call @ 2.02 with the stock at 15.80.
The strike price is pretty low but it is the highest available for this weekly contract.
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY Jun 16 2017 45.0 Calls @ 0.45 with the stock at 15.50
$SVXY #ShortPuts – Sold 1…
$SVXY #ShortPuts – Sold 1 SVXY Jun 16 2017 85.0 Put @ 1.54. Adding on at a higher premium with the stock at 132
#FallingKnife trades today – $GE…
#FallingKnife trades today – $GE $GILD $CVS $AKAM $URBN
$NUGT $DUST – 8% moves…
$NUGT $DUST – 8% moves in the first 10 minutes
$SVXY $UVXY – last trades…
$SVXY $UVXY – last trades of the day – some filled after the close
Sold UVXY Jun 16.2017 37.0 Calls @ 0.70
Sold 1 UVXY Jan 19 2018 60.0 Call @ 2.26
Sold 1 UVXY Jan 18 2019 60.0 Call @ 4.00
Sold 1 SVXY May 26 2017 102.0 Put @ 1.18
Sold 1 SVXY May 26 2017 103.0 Put @ 1.24
Sold 1 SVXY May 26 2017 104.0 Put @ 1.21
Sold 1 SVXY May 26 2017 105.0 Put @ 1.38
#IRATrades
Sold SVXY May 26 2017 88.0 Puts @ 0.50
Sold SVXY May 26 2017 89.0 Puts @ 0.50
Sold SVXY May 26 2017 90.0 Puts @ 0.50
$SVXY #ShortPuts – I may…
$SVXY #ShortPuts – I may be really busy Friday afternoon, rolling Puts, or I’ll be a very happy camper.
Sold SVXY May 19 2017 119.0 Puts @ 0.75
Sold SVXY May 19 2017 117.0 Puts @ 0.66
Sold SVXY May 19 2017 116.0 Puts @ 0.65
$UVXY #ShortCalls – a couple…
$UVXY #ShortCalls – a couple of really short term trades with the stock at 15
Sold UVXY May 19 2017 20.5 Calls @ 0.21
Sold UVXY May 19 2017 21.0 Calls @ 0.21
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY JUN 16 2017 85.0 Puts @ 1.20 with the stock at 137.60.
Only a month out.
$CVS #ShortPuts – Sold 1…
$CVS #ShortPuts – Sold 1 CVS Jan 19 2018 65.0 Put @ 1.58 with the stock at 76.27.
A non-volatility play.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY May 19 2017 120 Puts @ 0.56 with the stock at 140.41.
These expire Friday
$NUGT #ShortPuts – Bought to…
$NUGT #ShortPuts – Bought to close NUGT(25/100) MAY 26 2017 6.5 Puts @ 0.01. They wont trade any lower
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY Jan 19 2017 60.0 Calls @ 1.72 with the stock at 14.45. Adding on. Highest strike
$UVXY #SHortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY Jul 21 2017 32.0 Calls @ 1.03 with the stock at 14.45. Adding on. Highest strike
$SVXY #ShortPuts – Sold 1…
$SVXY #ShortPuts – Sold 1 SVXY May 19 2017 129.5 Put @ 1.11 with the stock at 143.04.
Expires Friday.
$SVXY #ShortPuts – these are…
$SVXY #ShortPuts – these are for next week
Sold SVXY May 26 2017 108 Puts @ 0.91
Sold SVXY May 26 2017 109 Puts @ 1.00
$UVXY #ShortCalls #VXXGame – adding…
$UVXY #ShortCalls #VXXGame – adding to this position at the highest strike
Sold UVXY Jul 21 2018 32.0 Calls @ 0.96
$UVXY #ShortCalls #ClassicVXXGame – adding…
$UVXY #ShortCalls #ClassicVXXGame – adding to this position at the highest strike
Sold UVXY Jan 19 2018 60.0 Calls @ 1.62
$UVXY #ShortCalls #ClassicVXXGame – adding…
$UVXY #ShortCalls #ClassicVXXGame – adding to this position
Sold 1 UVXY Jan 18 2019 60.0 Call @ 3.60
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close SVXY JUN 16 2017 25.0 Puts @ 0.01. It won’t trade any lower.
Originally Sold on 11/01/16 @ 1.20
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Sep 15 2017 70.0 Puts @ 1.55
$UVXY #ShortCalls #ClassicVXXGame – restarting…
$UVXY #ShortCalls #ClassicVXXGame – restarting this position
Sold 1 UVXY Jan 18 2019 60.0 Call @ 3.20
I will add on if it keeps rising
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY Jul 21 2017 32.0 Calls @ 0.73. Highest available strike
$SVXY #ShortCalls – adding on…
$SVXY #ShortCalls – adding on
Sold SVXY May 19 2017 138.0 Puts @ 1.14
Sold SVXY May 19 2017 136.0 Puts @ 0.90
Sold SVXY May 19 2017 135.0 Puts @ 0.90
$UVXY #CoveredCalls – Sold these…
$UVXY #CoveredCalls – Sold these to get out of some small stock positions
Sold UVXY May 19 2017 14.0 Calls @ 0.23
Sold UVXY May 19 2017 14.5 Calls @ 0.19
Sold UVXY May 19 2017 15.0 Calls @ 0.15
Sold UVXY May 19 2017 15.5 Calls @ 0.13
$SVXY #ShortCalls – got these…
$SVXY #ShortCalls – got these on the open – 10 points OTM
Sold SVXY May 19 2017 138.0 Puts @ 0.74
Sold SVXY May 19 2017 137.0 Puts @ 0.76
Sold SVXY May 19 2017 136.0 Puts @ 0.61
Sold SVXY May 19 2017 135.0 Puts @ 0.62
$CVS #ShortPuts – Sold 1…
$CVS #ShortPuts – Sold 1 CVS Nov 17 2017 70.0 Put @ 1.39 with the stock at 79.04
$TRIP #ShortCalls – Bought to…
$TRIP #ShortCalls – Bought to close TRIP Jun 16 2017 55.0 Calls @ 0.05. They won’t trade any lower and out a month early.
Sold 05/08/2017 at 0.60 just prior to #Earnings
$NUGT #ShortPuts – Partially covered…
$NUGT #ShortPuts – Partially covered some NUGT (25/100) May 19 2017 8.0 Puts @ 0.01.
$DUST #ShortCalls – Bought to…
$DUST #ShortCalls – Bought to close DUST Jun 16 2017 65.0 Calls @ 0.05. They won’t trade any lower and out a month early.
Sold 02/09/2017 at 1.70
#FallingKnife candidates $JWN $RL #NKE
#FallingKnife candidates $JWN $RL $NKE $URBN $BBBY
All retail will be thru $AMZN in the future…… right?
From ZeroHedge a month ago – Fitch’s Loans of Concern list, which is a compilation of issuers with a significant risk of default within the next 12 months. And, just to make the tracking of future defaults easier, Fitch also provided the list of eight other retailers with term loan debt totaling nearly $6 billion, which are also on its concern list, and are most likely to be in default in the not too distant future. They are as follows:
Sears Holdings Corp (roughly $2.5 billion);
99 Cents Only Stores LLC;
Charming Charlie LLC;
Gymboree Corp.;
Nine West Holdings Inc.;
NYDJ Apparel LLC;
rue21, Inc.; and
True Religion Apparel Inc.
Meanwhile, Jeff Bezos is this close to being the world’s richest man.
$FLR #ShortPuts #FallingKnife – Sold…
$FLR #ShortPuts #FallingKnife – Sold FLR Jan 19 2018 40.0 Puts @ 1.60 with the stock at 46.35
$M #ShortPuts #FallingKnife – Sold…
$M #ShortPuts #FallingKnife – Sold M Jan 19 2018 19.0 Puts @ 1.22 with the stock at 23.05
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY JUN 2 2017 40.0 Call @ 0.01. It won’t trade any lower.
Originally sold on 04/17/17 at 1.64.
$SVXY #ShortCalls – Sold 1…
$SVXY #ShortCalls – Sold 1 SVXY JAN 18 2019 300.0 Call @ 18.10 with the stock at 155.75
$GWW #ShortPuts #OptionLadder – sold…
$GWW #ShortPuts #OptionLadder – sold all these today
Sold 1 GWW OCT 20 2017 145.0 Put @ 1.50
Sold 1 GWW DEC 15 2017 135.0 Put @ 1.40
Sold 1 GWW JAN 19 2018 130.0 Put @ 1.25
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close 5 SVXY MAY 19 2017 78.0 Puts @ 0.01 to release some margin.
They won’t trade any lower.
Sold in April at an average of 1.37
$NUGT #CoveredCalls – Sold NUGT(25/100)…
$NUGT #CoveredCalls – Sold NUGT(25/100) MAY 19 2017 10.0 Calls @ 0.10
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close 6 SVXY MAY 19 2017 85.0 Puts @ 0.02 to release some margin.
No commission.
Sold in March and April at an average of 2.15
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close UVXY JAN 18 2019 60.0 Calls 2.55 as UVXY hits a new low.
Sold in Feb and April of this year at an average of 7.55.
Still 613 day left until expiration.
#FallingKnife trades today – $M…
#FallingKnife trades today – $GWW $M $VIAB $VZ $URBN
$TRIP #ShortPuts – Bought to…
$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.
$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
Options Bistro 