$DUST #ShortCalls – Sold DUST…

$DUST #ShortCalls – Sold DUST Jan 19 2018 90.0 Calls @ 4.80. Paired with a bunch of ITM Apr and Jun short Puts.
Highest available strike price.

$UVXY #ShortCalls – Sold UVXY…

$UVXY #ShortCalls – Sold UVXY Feb 24 2017 23.5 Calls @ 0.42. Three days until expiration and 1.5 points above last week’s high

$UVXY #ShortCalls – so I…

$UVXY #ShortCalls – so I had 2 UVXY Feb 17 2017 20.5 calls written against 100 shares of stock.
Since the stock closed at 20.25 at 4:00 I saw no need to cover them, even at a penny. But the stock went to 20.51 or 20.52 in the after hours and I now(Saturday) find that I am short 100 shares in one account at TD Ameritrade.
I have no idea if they have stock to borrow or not, but I’ve put in a covering order at 19.50. If the market opens strong I may be out by 9:31. If not, I’ll play it by ear.

$UVXY #CoveredCall – Sold 1…

$UVXY #CoveredCall – Sold 1 UVXY Feb 24 2017 23.0 Call @ 0.47 at the closing bell, replacing this week’s 20.5 Call that just expired.

#OptionsExpiration #Monthlys #Feb17 – A…

#OptionsExpiration #Monthlys #Feb17 – A pretty good week as almost everthing worked. $SVXY pulled back allowing more puts to be sold, $UVXY rallied so a new set of Weekly Calls could be sold, and $DUST came off the floor allowing some Puts to expire.

A couple of big covered call positions were assigned and closed out profitably, raising more cash for the coming months.

— Expirations —
CF Feb 17 2017 38 Calls
DUST Feb 17 2017 25 Puts
HES Feb 17 2017 35 Puts
MYL Feb 17 2017 45 Calls (Covered)
NOV Feb 17 2017 24 Puts
NUGT Feb 17 2017 7 Puts
SVXY Feb 17 2017 50 Puts
SVXY Feb 17 2017 55 Puts
SVXY Feb 17 2017 75 Puts
SVXY Feb 17 2017 85 Puts
SVXY Feb 17 2017 88 Puts
SVXY Feb 17 2017 106 Puts
SVXY Feb 17 2017 107 Puts
SVXY Feb 17 2017 118 Puts
SVXY Feb 17 2017 119 Puts
SVXY Feb 17 2017 120 Puts
SVXY Feb 17 2017 121 Puts
TRIP Feb 17 2017 40 Puts
UAA Feb 17 2017 35 Calls (Covered)
UVXY Feb 17 2017 20.5 Calls (Covered)
UVXY Feb 17 2017 21 Calls (Covered)
UVXY Feb 17 2017 21.5 Calls (Covered)
UVXY Feb 17 2017 22 Calls (Covered)
UVXY Feb 17 2017 22.5 Calls (Covered)
UVXY Feb 17 2017 40 Calls
UVXY Feb 17 2017 40.5 Calls
UVXY Feb 17 2017 50 Calls
UVXY Feb 17 2017 60 Calls
UVXY 20/Feb 17 2017 18 Calls
VTR Feb 17 2017 60 Puts

— Assignments —
CF Feb 17 2017 34 Calls (Covered)
CVS Feb 17 2017 79 Calls (Covered)
MCO Feb 17 2017 105 Calls (Covered)

$TRIP $ MDLZ – a…

$TRIP $MDLZ – a couple of #FallingKnife candidates to look at

$SVXY #ShortPuts – sold all…

$SVXY #ShortPuts – sold all these early this morning
Sold 1 SVXY SEP 15 2017 55.0 Put @ 2.56
Sold SVXY MAR 24 2017 65.0 Puts @ 0.37
Sold SVXY MAR 10 2017 80.0 Puts @ 0.36

$UVXY #CoveredCalls – Sold UVXY…

$UVXY #CoveredCalls – Sold UVXY FEB 24 2017 26.0 Calls @ 0.42. Short trading week next week.

$DUST #ShortPuts – Finally taking…

$DUST #ShortPuts – Finally taking some gains. Rolled some Puts I rolled down to last week.
Bought to close DUST Feb 17 2017 27.0 Puts / Sold DUST Mar 3 2017 24.0 Puts @ 0.10 Credit
Bought to close DUST Feb 17 2017 27.0 Puts / Sold DUST Mar 17 2017 22.0 Puts @ 0.30 Credit

I also have a batch of DUST Feb 17 2017 25.0 Puts about to expire.

$UVXY #ShortPuts – Bought to…

$UVXY #ShortPuts – Bought to close UVXY FEB 17 2017 20.0 Puts @ 0.40 for a slight gain. After the stock got to 18.13 in the pre-market Wednesday I decided to bail on the move back to the strike price

$ABMD #ShortPuts – Bought to…

$ABMD #ShortPuts – Bought to close ABMD MAR 17 2017 75.0 Puts @ 0.05. They won’t trade any lower and still have a month to run. Sold for over 2 points

$UAA #CoveredCalls – Sold UAA…

$UAA #CoveredCalls – Sold UAA JAN 19 2018 35.0 Calls @ 0.45

$UVXY #ShortCalls – hitting every…

$UVXY #ShortCalls – hitting every available expiration date but keeping trades small.
1 UVXY MAR 3 2017 25.0 Call @ 1.07
1 UVXY MAR 10 2017 29.0 Call @ 1.07
UVXY MAR 10 2017 34.0 Calls @ 0.47
UVXY MAR 10 2017 40.0 Calls @ 0.42
UVXY MAR 17 2017 45.0 Calls @ 0.48
1 UVXY MAR 24 2017 34.0 Call @ 1.07
UVXY MAR 24 2017 45.0 Calls @ 0.64
1 UVXY MAR 31 2017 33.5 Call @ 1.44
1 UVXY JUN 16 2017 60.0 Call @ 2.43
1 UVXY SEP 15 2017 60.0 Call @ 4.05

$SVXY #ShortPuts – Sold all…

$SVXY #ShortPuts – Sold all these at various points during the day
SVXY FEB 17 2017 106.0 Puts @ 0.20 – these expire tomorrow
SVXY FEB 17 2017 107.0 Puts @ 0.20 – these expire tomorrow
SVXY MAR 3 2017 85.0 Puts @ 0.45
SVXY MAR 17 2017 75.0 Puts @ 0.60
SVXY JUN 16 2017 60.0 Puts @ 1.70

$UVXY #CoveredCalls – Adding some…

$UVXY #CoveredCalls – Adding some speculative short/partially covered calls on the late bump in volatility.
Sold UVXY FEB 17 2017 21.5 Calls @ 0.24 – expires in 2 days
Sold UVXY FEB 17 2017 22.5 Calls @ 0.15 – expires in 2 days
Sold 1 UVXY Mar 3 2017 22.5 Call @ 1.07
Sold UVXY Mar 10 2017 34.0 Calls @ 0.42

$NUGT #RatioWrite – Bought to…

$NUGT #RatioWrite – Bought to close some of my NUGT MAR 17 2017 16.0 Calls @ 0.44 with the stock at 12.
Originally sold @ 0.66 on 2/2.
I reduced the ratio of short calls to stock from 7/1 to 5/1 while taking a small profit

$UVXY $ShortCalls – Bought to…

$UVXY $ShortCalls – Bought to close all my outstanding UVXY3(pre-split) Mar 17 2017 60.0 Calls @ 0.01. They won’t trade any lower.
Originally sold around 3.00 in mid October.

$UVXY #CoveredCalls – with two…

$UVXY #CoveredCalls – with two and a half days until expiration, selling mostly covered calls for accounts that still have a bit of this stock. I welcome the chance to roll these if necessary.
Sold UVXY FEB 17 2017 20.5 Calls @ 0.33
Sold UVXY FEB 17 2017 21.0 Calls @ 0.25
Sold UVXY FEB 17 2017 21.5 Calls @ 0.21

$NUGT #ShortPuts – adding to…

$NUGT #ShortPuts – adding to my #OptionLadder with the stock at 12.
NUGT MAR 10 2017 9.0 Puts @ 0.26
NUGT MAR 24 2017 9.0 Puts @ 0.50
NUGT MAY 19 2017 8.0 Puts @ 0.93

$SVXY #ShortCalls – Sold 1…

$SVXY #ShortCalls – Sold 1 SVXY JAN 19 2018 250.0 Call @ 5.80 with the stock at 133.65. Highest available strike price.

$MYL #CoveredCalls – Sold MYL…

$MYL #CoveredCalls – Sold MYL APR 21 2017 45.0 Calls @ 0.76

$DUST #ShortCalls – Sold DUST…

$DUST #ShortCalls – Sold DUST JUN 16 2017 65.0 Calls @ 1.70. Offsetting some short put positions at the highest available strike price

$NUGT #ShortPuts #OptionLadder – a…

$NUGT #ShortPuts #OptionLadder – a while back I was selling DUST puts so that NUGT would go up. And it did.
Now I’m selling NUGT Puts so the DUST will go back up.
Sold NUGT MAR 10 2017 9.0 Puts @ 0.26
Sold NUGT MAR 17 2017 9.0 Puts @ 0.37
Sold NUGT MAR 24 2017 9.0 Puts @ 0.49
Sold NUGT APR 21 2017 7.0 Puts @ 0.37

$NUGT #ShortPuts – after dumping…

$NUGT #ShortPuts – after dumping some long stock in an IRA at 12.50 on an option assignment Friday I’m back to lightly selling Puts.
Sold NUGT Mar 17 2017 9.0 Puts @ 0.33
Sold NUGT Mar 24 2017 9.0 Puts @ 0.46
Sold NUGT Apr 17 2017 8.0 Puts @ 0.53

$DUST #ShortPuts – a preemptive…

$DUST #ShortPuts – a preemptive roll for this week’s worst put position to get some breathing room.
Bought to close DUST Feb 17 2017 40 Puts / Sold DUST Jun 16 2017 35 Puts @ 0.10 credit

$CF #CoveredCalls – Sold CF…

$CF #CoveredCalls – Sold CF MAR 3 2017 38.0 Calls @ 0.69 replacing similar calls that expired Friday.

#OptionsExpiration #Weeklys #Feb10 – Just…

#OptionsExpiration #Weeklys #Feb10 – Just an OK expiration as $SVXY just won’t quit ramping and $DUST spends too much time in the mid 20’s.

Sold most of a long stock position in $NUGT in an IRA at a nice gain after sitting on it for 3 months and writing covered calls every week.

A big monthly expiration next week.

— Expirations —
CF (Weekly) Feb 10 2017 37 Calls (Covered)
CVS (Weekly) Feb 10 2017 81.5 Calls (Covered)
NUGT (Weekly) Feb 10 2017 7.5 Puts
SVXY (Weekly) Feb 10 2017 80 Puts
SVXY (Weekly) Feb 10 2017 85 Puts
SVXY (Weekly) Feb 10 2017 88 Puts
SVXY (Weekly) Feb 10 2017 127 Calls
UVXY (Weekly) Feb 10 2017 27 Calls (Covered)
UVXY (Weekly) Feb 10 2017 27.5 Calls (Covered)
UVXY (Weekly) Feb 10 2017 28 Calls (Covered)
UVXY (Weekly) Feb 10 2017 29 Calls (Covered)
UVXY (Weekly) Feb 10 2017 32 Calls
UVXY (Weekly) Feb 10 2017 35 Calls
UVXY (Weekly) Feb 10 2017 37 Calls
UVXY (Weekly) Feb 10 2017 40.5 Calls
UVXY (Weekly) Feb 10 2017 60 Calls

— Assignments —
NUGT (Weekly) Feb 10 2017 12.5 Calls (Covered)

$NUGT #ShortPuts – Sold these…

$NUGT #ShortPuts – Sold these as a partial offset to DUST short Puts. They both can’t be wrong. If NUGT is down, then DUST is up.
Sold NUGT Mar 3 2017 10.0 Puts @ 0.40
Sold NUGT Mar 10 2017 10.0 Puts @ 0.56

$SVXY #ShortCalls – Sold 1…

$SVXY #ShortCalls – Sold 1 SVXY Jan 19 2018 240.0 Call @ 4.80 with the stock at 125.03

$DUST #ShortCalls #Strangles – I’ve…

$DUST #ShortCalls #Strangles – I’ve decided to add to positions from yesterday
Sold DUST APR 21 2017 53.0 Calls @ 0.95
Sold 1 DUST JAN 19 2018 90.0 Call @ 4.50
These trades cost nothing in the way of margin but they do bring in a cushion of cash. All are the highest available strike prices. The stock is opening near 27, up a bit today

$DUST #ShortCalls #Strangles – I’ve…

$DUST #ShortCalls #Strangles – I’ve decided to add to positions from yesterday to partially hedge any unexpected put assignments that might happen over the next month or so.
Sold DUST APR 21 2017 53.0 Calls @ 0.90
Sold 1 DUST JUN 16 2017 65.0 Call @ 1.70
Sold 1 DUST JAN 19 2018 90.0 Call @ 4.40
These trades cost nothing in the way of margin but they do bring in a cushion of cash. All are the highest available strike prices. The stock is hovering near 26, up a bit today

$DUST #ShortCalls #Strangles – with…

$DUST #ShortCalls #Strangles – with DUST below 25.0 and pushing even my lowest strike price Puts into the money, I’ve decided to partially hedge any unexpected assignments that might happen over the next month or so.
Sold DUST APR 21 2017 53.0 Calls @ 0.85
Sold 1 DUST JUN 16 2017 65.0 Call @ 1.55
Sold 1 DUST JAN 19 2018 90.0 Call @ 4.10
These trades cost nothing in the way of margin but they do bring in a cushion of cash. All are the highest available strike prices and as long as I am carrying short puts I should be able to safely add to these at higher prices.

$GILD #ShortPuts #FallingKnife – Sold…

$GILD #ShortPuts #FallingKnife – Sold 1 GILD AUG 18 2017 55.0 Put @ 1.40.
Staying small and watching this one cautiously to see what the premium does if we get another leg down.

$UAA – From Tasty Trade this morning

February 8, 2017
Talk about a cool brand falling from grace.  It seems like nobody loves Under Armour anymore.  First, it’s the anti-hunters hating UAA for sponsoring hunters.  Then hunters hate UAA because they caved to anti-hunters and dropped sponsorship of someone who speared a bear.  Now it’s the market hating on UAA because their numbers didn’t match the “rah rah!” forecasts of its CEO.  The stock dropped 30% last week on disappointing earnings.  Me?  I buy their t-shirts when they’re on sale.  T-shirts don’t last long on the Preston ranch, and I don’t mind being unpopular.  And to be unpopular with the market would be to take a bullish stance on UAA.  If you think UAA isn’t down for the count quite yet, and that the stock might not drop much more, the short 19.5 put in the March weeklies with 30 DTE is a bullish strategy that has a 75% prob of expiring worthless, creates just over $1.00 in daily theta, and has a .30% theta return on capital. 

$DUST #ShortCalls – Bought to…

$DUST #ShortCalls – Bought to close DUST (ns) Mar 17 2017 12 Calls @ 0.05. This was an old pre-split position and won’t trade any lower.
Sold these last year over many months between July and early October at an average of 1.50
 

$ABMD #ShortPuts – Bought to…

$ABMD #ShortPuts – Bought to close 1 ABMD Mar 17 2017 70.0 Put @ 0.05. It won’t trade any lower and still has 6 weeks to run.
Originally sold 10/27/16 at 1.70

$GILD #FallingKnife – another decent…

$GILD #FallingKnife – another decent candidate

$UVXY #CoveredCalls #Weeklys – sold…

$UVXY #CoveredCalls #Weeklys – sold this morning
Sold UVXY Feb 10 2017 27.0 Calls @ 0.37
Sold UVXY Feb 10 2017 27.5 Calls @ 0.32
Sold UVXY Feb 10 2017 28.0 Calls @ 0.24

#OptionsExpiration #Weeklys #Feb3 – Another…

#OptionsExpiration #Weeklys #Feb3 – Another stressful expiration as I needed to cover or roll positions in $SVXY and $DUST. But also, a number of profitable trades, including taking a nice gain in $NUGT after holding the stock for several months

— Expirations —
CF (Weekly) Feb 3 2017 36 Calls (Covered)
CVS (Weekly) Feb 3 2017 79 Calls (Covered)
MYL (Weekly) Feb 3 2017 37.5 Puts
NUGT (Weekly) Feb 3 2017 8 Puts
SVXY (Weekly) Feb 3 2017 55 Puts
SVXY (Weekly) Feb 3 2017 70 Puts
SVXY (Weekly) Feb 3 2017 80 Puts
SVXY (Weekly) Feb 3 2017 83 Puts
SVXY (Weekly) Feb 3 2017 95 Puts
SVXY (Weekly) Feb 3 2017 101 Puts
SVXY (Weekly) Feb 3 2017 122 Calls
UVXY (Weekly) Feb 3 2017 28 Calls (Covered)
UVXY (Weekly) Feb 3 2017 30 Calls (Covered)
UVXY (Weekly) Feb 3 2017 32.5 Calls (Covered)
UVXY (Weekly) Feb 3 2017 40.5 Calls (Covered)
UVXY 20/(Weekly) Feb 3 2017 15.5 Calls (Covered)

— Assignments —
NUGT (Weekly) Feb 3 2017 11.5 Calls (Covered)

$CVS #CoveredCalls – Sold CVS…

$CVS #CoveredCalls – Sold CVS (Weekly) Feb 10 2017 79.0 Calls @ 0.35, replacing calls expiring today.

$SVXY #ShortCalls – Bought to…

$SVXY #ShortCalls – Bought to close 1 SVXY Feb 3 120 Call @ 2 to avoid assignment. Originally sold @ 2.75.
This friggin’ stock rallies late in the day almost every Friday. Feels a bit like manipulation to me.

$NUGT #CoveredCalls #IRA – Repeating…

$NUGT #CoveredCalls #IRA – Repeating last weeks move while pushing up the strike price.
Normally I would let this week’s worthless option roll off and attempt to sell next week’s on Monday.
I’m spending a little to buy back worthless calls but who knows what Monday will bring.
Bought to close NUGT Feb 3 2017 12.0 Calls @ 0.02 (Sold @ 0.14)
Sold NUGT Feb 10 2017 12.5 Calls @ 0.32

$DUST #ShortPuts #Rollout – Taking…

$DUST #ShortPuts #Rollout – Taking a small Gain and rolling down some expiring positions
Bought to close DUST Feb 3 2017 30.0 Puts / Sold DUST Feb 17 2017 27.0 Puts @ 0.10 Credit
Bought to close DUST Feb 3 2017 30.0 Puts / Sold DUST Feb 24 2017 26.5 Puts @ 0.40 Credit

$DECK – today’s #FallingKnife -…

$DECK – today’s #FallingKnife – 3 Year low at 40.74

$UAA #ShortPuts #FallingKnife – Sold…

$UAA #ShortPuts #FallingKnife – Sold UAA Jul 21 2017 17.5 Puts @ 0.90 with the stock at 20.81

$NUGT #ShortStrangles – Sold NUGT…

$NUGT #ShortStrangles – Sold NUGT Mar 17 2017 6.0 Puts/16.0 Calls @ 0.80 with the stock at 11.76

$DUST #ShortPuts – made these…

$DUST #ShortPuts – made these trades yesterday
Sold DUST Mar 3 2017 20.0 Puts @ 0.65
Sold 1 DUST Mar 10 2017 26.5 Put @ 3.00
Sold 1 DUST Apr 21 2017 20.0 Put @ 2.20

$UPS #FallingKnife – another good…

$UPS #FallingKnife – another good candidate

$SVXY #ShortCalls – Sold 1…

$SVXY #ShortCalls – Sold 1 SVXY Jan 19 2018 225.0 Call @ 5.30 with the stock at 121.08

$MYL #CoveredCalls – a nice…

$MYL #CoveredCalls – a nice pop this morning pushes the premiums up a bit.
Sold MYL APR 21 2017 42.5 Calls @ 0.81
Sold MYL JUL 21 2017 47.5 Calls @ 0.73

$XOM – getting to #FallingKnife…

$XOM – getting to #FallingKnife territory.
Also check out $COG and $SIG

$UVXY #ShortCalls – Sold UVXY…

$UVXY #ShortCalls – Sold UVXY Feb 10 2017 37 Calls @ 0.54 with the stock at 26.31.

$NUGT #ShortStrangle – Sold NUGT…

$NUGT #ShortStrangles – Sold NUGT Mar 17 2017 6/16 Strangles @ 0.75 with the stock at 11.03.
Breakeven levels are at 5.25 and 16.75 on the stock at expiration.

$MRO #ShortCalls – Bought to…

$MRO #ShortCalls – Bought to close MRO Apr 21 2017 25.0 Calls @ 0.01. They wont trade any lower.
Originally sold @ 0.43 on 12/1.

$SVXY $UVXY – so a…

$SVXY $UVXY – so a big reversal from the best levels of the day. Since I was aggressive selling SVXY Puts and UVXY Calls into this morning’s move I threw out a couple of speculative positions to balance out the exposure (just a bit)
Sold UVXY Feb 17 2017 20.0 Puts @ 0.47 (my order is already in to cover at a penny)
Sold SVXY Feb 3 2017 122.0 Calls @ 1.00 (my order is already in to cover at a penny) – the strike is slightly above the alltime high set last Friday

$DUST #ShortPuts – Sold DUST…

$DUST #ShortPuts – Sold DUST Mar 10 2017 26.5 Puts @ 2.40, adding on to my position.

$NUGT #CoveredCalls – Sold NUGT…

$NUGT #CoveredCalls – Sold NUGT Feb 3 2017 12.0 Calls @ 0.12, replacing a similar position that expired Friday.

#FallingKnife candidates today – $QCOM…

#FallingKnife candidates today – $QCOM $WHR

$SVXY #ShortPuts – I was…

$SVXY #ShortPuts – I was definitely early on some of these but I’m short some stock and a huge number of LONG term calls, so these puts are either partially covered or create strangles.

The stock bottomed at 112.11 so far today but has now bounced.

SVXY FEB 3 2017 95.0 Puts @ 0.32 – these expire Friday
SVXY FEB 3 2017 88.0 Puts @ 0.20 – these expire Friday
SVXY FEB 10 2017 88.0 Puts @ 0.37
SVXY FEB 10 2017 80.0 Puts @ 0.30
SVXY FEB 17 2017 88.0 Puts @ 0.60
SVXY FEB 17 2017 85.0 Puts @ 1.00
SVXY FEB 17 2017 80.0 Puts @ 0.68
SVXY FEB 24 2017 85.0 Puts @ 0.80
SVXY FEB 24 2017 80.0 Puts @ 0.80
SVXY MAR 3 2017 75.0 Puts @ 1.00
SVXY JUN 16 2017 43.0 Puts @ 1.11
SVXY Jan 19 2018 50.0 Puts @ 4.60
SVXY Jan 19 2018 49.0 Puts @ 4.30

$UVXY #ShortCalls #VXXGame – maybe…

$UVXY #ShortCalls #VXXGame – maybe I was a bit early on some of these but volatility spikes are no longer measured in days but in hours. Many of these are at the highest available strike prices.
UVXY Feb 3 2017 30.0 Calls @ 0.34 – these expire Friday
UVXY FEB 17 2017 60.0 Calls @ 0.28
UVXY FEB 24 2017 55.0 Calls @ 0.55
UVXY FEB 24 2017 56.0 Calls @ 0.50
UVXY FEB 24 2017 56.0 Calls @ 0.45
UVXY FEB 24 2017 60.0 Calls @ 0.37
UVXY MAR 3 2017 60.0 Calls @ 0.55
1 UVXY MAR 10 2017 34.5 Calls @ 1.77
UVXY MAR 17 2017 60.0 Calls @ 1.00

1 UVXY JUN 16 2017 60.0 Call @ 4.60
1 UVXY SEP 15 2017 60.0 Call @ 6.75

#OptionsExpiration #Weeklys #Jan27 – a…

#OptionsExpiration #Weeklys #Jan27 – a fairly quiet expiration except for some unfortunate early exercises on ITM $SVXY Calls. While Fido and Schwab have stock to lend, apparently TDAm does not.

$NUGT and $DUST stayed in a predicable range for the 2nd week in a row and I re-acquired some CVS at 79 after getting called out of my previous long stock at 82.5 on an early call assignment a little over a week ago.

— Expirations —
DUST (Weekly) Jan 27 2017 25 Puts
DUST (Weekly) Jan 27 2017 30 Puts
NUGT (Weekly) Jan 27 2017 8.5 Puts
NUGT (Weekly) Jan 27 2017 12 Calls (Covered)

SVXY (Weekly) Jan 27 2017 60 Puts
SVXY (Weekly) Jan 27 2017 65 Puts
SVXY (Weekly) Jan 27 2017 70 Puts
SVXY (Weekly) Jan 27 2017 88 Puts

TRIP (Weekly) Jan 27 2017 52.5 Calls (Covered)

UVXY (Weekly) Jan 27 2017 27 Calls (Covered)
UVXY (Weekly) Jan 27 2017 32 Calls (Covered)
UVXY (Weekly) Jan 27 2017 33 Calls (Covered)
UVXY (Weekly) Jan 27 2017 40.5 Calls (Covered)

— Assignments —
CVS (Weekly) Jan 27 2017 79 Puts – going long some stock

#earlyassignments

$DUST #ShortPuts – Sold DUST…

$DUST #ShortPuts – Sold DUST MAR 10 2017 26.5 Puts @ 2.05 with the stock at 33.69.
The stock has not been below this strike price since late August.
This is the lowest available strike(so far) for this weekly series.

$NUGT #CoveredCalls #IRA – Repeating…

$NUGT #CoveredCalls #IRA – Repeating last weeks move.

Normally I would let this week’s worthless option roll off and attempt to sell next week’s on Monday. But with NUGT running a bit this morning I’ve decided to roll instead.
I’m spending a little to buy back worthless calls but who knows what Monday will bring.

Bought to close NUGT JAN 27 2017 11.5 Calls @ 0.01 (Sold last Fri @ 0.33)
Sold NUGT Feb 03 2017 11.5 Calls @ 0.23

$DUST #ShortPuts #Rollout – Bought…

$DUST #ShortPuts #Rollout – Bought to close DUST JAN 27 2017 40.0 Puts to avoid assignment and
Sold DUST Feb 17 2017 37.0 Puts at a 0.21 Credit.

$VIX – The VIX is…

$VIX – The VIX is now on a 10 handle which is a fairly rare occurrence. Out of 6,813 trading days since 1990, only 110 have been below 11 in VIX (1.6%).

$DUST #ShortPuts #Rollout – I…

$DUST #ShortPuts #Rollout – I split an existing position into two pieces and rolled it out.
Bought to close DUST JAN 27 2017 45.0 Puts to avoid assignment and
Sold DUST MAR 17 2017 41.0 Puts and DUST APR 21 2017 39.0 Puts, both at a 0.45 Credit.
This gives me plenty of time to manage these positions further.
Plus the lower strike prices and extra cash helps too.

$DUST #ShortPuts – this one…

$DUST #ShortPuts – this one is finally cooperating. Closing early because of margin pressures.
Bought to close DUST Jan 27 2017 30.0 Puts @ 0.05. They wont trade any lower.
Originally sold at 0.85 on 12/29 and added another at 1.25 on 12/30.

Letting 3 similar positions in IRA accounts run to expiration.

#OptionsExpirations #Monthlys #Jan20 – Could…

#OptionsExpirations #Monthlys #Jan20 – Could have been better, but not bad for a major expiration.

— Expirations —
ALXN Jan 20 2017 90 Puts
AMGN Jan 20 2017 115 Puts
CF Jan 20 2017 35 Calls
CLDX Jan 20 2017 5 Calls
DUST Jan 20 2017 25 Puts
DUST Jan 20 2017 30 Puts
DUST Jan 20 2017 90 Calls
ESV Jan 20 2017 13 Calls
ESV Jan 20 2017 14 Calls
GILD Jan 20 2017 67.5 Puts
GILD Jan 20 2017 85 Calls
ILMN Jan 20 2017 100 Puts
MCO Jan 20 2017 105 Calls
MRO Jan 20 2017 20 Calls
MYL Jan 20 2017 35 Puts
MYL Jan 20 2017 45 Calls
NKE Jan 20 2017 43.75 Puts
NOV Jan 20 2017 26 Puts
PANW Jan 20 2017 115 Puts
SVXY Jan 20 2017 30 Puts
SVXY Jan 20 2017 35 Puts
SVXY Jan 20 2017 40 Puts
SVXY Jan 20 2017 55 Puts
SVXY Jan 20 2017 60 Puts
SVXY Jan 20 2017 65 Puts
SWN Jan 20 2017 14 Calls
SWN Jan 20 2017 9 Puts
TRIP Jan 20 2017 52.5 Calls
UVXY 20/Jan 20 2017 14 Calls
UVXY 20/Jan 20 2017 60 Calls
UVXY Jan 20 2017 40 Calls
WYN Jan 20 2017 55 Puts

— Assignments —
SVXY Jan 20 2017 88 Calls – going short 100 shares with a 95.71 cost basis.

$SVXY #ShortCalls – Bought to…

$SVXY #ShortCalls – Bought to close SVXY Jan 20 110 Calls @ 0.66 to avoid assignment. Originally sold for 1.50.

$NUGT #CoveredCalls #IRA – normally…

$NUGT #CoveredCalls #IRA – normally I would let this week’s worthless option roll off and attempt to sell next week’s on Monday. But with NUGT running hard toward the close I’ve decided to roll instead.
I’m spending a little to buy back worthless calls but who knows what Monday will bring.

Bought to close NUGT JAN 20 2017 12.0 Calls @ 0.01
Sold NUGT JAN 27 2017 12.0 Calls @ 0.23

Bought to close NUGT JAN 20 2017 11.5 Calls @ 0.01
Sold NUGT JAN 27 2017 11.5 Calls @ 0.33

$SVXY #ShortPuts – Sold SVXY…

$SVXY #ShortPuts – Sold SVXY Jan 27 2017 88.00 Puts @ 0.24. These only have a week to go and are over 22 points out of the money

$MYL #ShortPuts – Bought to…

$MYL #ShortPuts – Bought to close MYL Jan 20 2017 35.0 Puts @ 0.01. I actually forgot that this order was in and they would have expired, but it was still a nice gain.

$DUST #ShortPuts #Rollout – rolled…

$DUST #ShortPuts #Rollout – rolled these out two weeks and down 5 points.
Bought to close DUST Jan 20 2017 35 Puts / Sold Feb 3 2017 30 Puts for a 0.60 credit.
After these closed out of the money yesterday, I was hoping they would expire.

$UVXY #ShortCalls #VXXGame – sold…

$UVXY #ShortCalls #VXXGame – sold these yesterday afternoon but couldn’t report them since I was travelling.
Sold 1 UVXY Mar 17 2017 60.0 Call @ 2.60
Sold 1 UVXY Jun 16 2017 60.0 Call @ 6.60.

These are extraordinary premiums given that the stock would have to double to put them in the money.

$CVS #CoveredCalls – early assignment…

$CVS #CoveredCalls – early assignment last night on CVS JAN 20 2017 82.5 Calls.
Acquired the stock on a put assignment at 80 last year.
I had intended on rolling the call up a bit, but this is fine. Closer to cash.