$SVXY #ShortPuts – Sold SVXY Jan 13 2017 60.0 Puts @ 0.75 with the stock at 88.20.
This is an initial position for this weekly contract. I will add aggressively if the price rises.
Author Archives: Option Iceman
$GILD #CoveredCalls – Sold GILD…
$GILD #CoveredCalls – Sold GILD JAN 20 2017 85.0 Calls @ 0.26
$RH #ShortCalls #FallingKnife – Sold…
$RH #ShortPuts #FallingKnife – Sold RH JAN 20 2017 27.5 Puts @ 0.85 with the stock at 30.89
$DUST #ShortCalls – Sold DUST…
$DUST #ShortCalls – Sold DUST Dec 16 2016 70.0 Calls @ 0.65. I hit the overnight bid price. I’m amazed it is trading this high with 5 days to go.
$OPHT – from $40 to…
$OPHT – from $40 to $6 – why I’m not a fan of biotech stocks
$ESV #CoveredCalls – Sold ESV…
$ESV #CoveredCalls – Sold ESV Jan 20 2017 14.0 Calls @ 0.20 with the stock at 11.99.
Oil Drillers in general are on fire this morning
#OptionsExpiration #Weeklys #Dec9 – a…
#OptionsExpiration #Weeklys #Dec9 – a decent expiration with lots of covered calls expiring and several being assigned with nice stock profits.
The Monthly expiration for next week is the big one on the horizon.
— Expirations —
AVGO (Weekly) Dec 9 2016 155 Puts – earnings play
BMY (Weekly) Dec 9 2016 57.5 Calls
CVS (Weekly) Dec 9 2016 70 Puts – earnings play
DUST (Weekly) Dec 9 2016 60 Calls
ILMN (Weekly) Dec 9 2016 118 Puts – earnings play
MYL (Weekly) Dec 9 2016 42.5 Calls (Covered)
NUGT (Weekly) Dec 9 2016 7.5 Puts
NUGT (Weekly) Dec 9 2016 11 Calls (Covered)
RH (Weekly) Dec 9 2016 30 Puts – earnings play
SVXY (Weekly) Dec 9 2016 40 Puts
SVXY (Weekly) Dec 9 2016 60 Puts
SVXY (Weekly) Dec 9 2016 62 Puts
SVXY (Weekly) Dec 9 2016 68 Puts
UVXY (Weekly) Dec 9 2016 19 Calls (Covered)
UVXY (Weekly) Dec 9 2016 19.5 Calls (Covered)
UVXY (Weekly) Dec 9 2016 25.5 Calls (Covered)
UVXY (Weekly) Dec 9 2016 30.5 Calls (Covered)
— Assignments —
SVXY (Weekly) Dec 9 2016 85 Calls (Covered)
SVXY (Weekly) Dec 9 2016 90 Calls (Covered)
TWTR (Weekly) Dec 9 2016 18.5 Calls (Covered)
$CVS #ShortCalls -Bought to close…
$CVS #ShortCalls -Bought to close CVS Dec 9 2016 80.0 Calls @ 0.18 to avoid assignment.
After yesterday’s bloodbath in the stock I didn’t think I would need to buy this one back.
Still made money on the trade.
$SVXY #ShortCalls – Bought to…
$SVXY #ShortCalls – Bought to close SVXY Dec 9 2016 90.0 Calls @ 0.35 to avoid assignment.
I was forced into a market order at the close and got screwed by the market maker. I made money despite their best efforts
$UVXY #ShortPuts #Rollout – Bought…
$UVXY #ShortPuts #Rollout – Bought to close UVXY Dec 9 2016 10.5 Puts/Sold SVXY Dec 23 2016 10 Puts @ 0.10 Credit.
$SVXY #ShortCalls #Rollup – Bought…
$SVXY #ShortCalls #Rollup – Bought to close SVXY Dec 9 2016 87 Calls/Sold SVXY Dec 16 2016 90 Calls @ 0.05 Credit.
Added 3 Points to the strike price and added only 1 week to the holding period.
Earned every bit of the time premium in the 87 calls
$MCO #CoveredCalls – Sold MCO…
$MCO #CoveredCalls – Sold MCO Jan 20 2017 105 Calls @ 0.71. I could get a bit more for these now.
I’m already short the Dec 105 calls but with the stock at 98.91, I expect them to expire in 5 days.
$CF #CoveredCalls #Rollup – Bought…
$CF #CoveredCalls #Rollup – Bought to close CF DEC 9 2016 30 Calls/Sold CF DEC 23 2016 31 Calls @ 0.27 Credit.
I’ve overwritten this stock position and it is currently profitable
$CVS – rebounding in a…
$CVS – rebounding in a big way from yesterday’s plunge and back above 80
$SVXY #ShortCalls #Rollup – Bought…
$SVXY #ShortCalls #Rollup – Bought to close SVXY Dec 9 2016 82 Calls/Sold SVXY Jan 13 2017 88 Calls @ 0.24 Credit.
Added 6 Points to the strike price and moved the breakeven price on the sale to 95.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY DEC 30 2016 59.5 Puts @ 0.40 with the stock at 88.39
$AVGO #ShortPuts #Earnings – Sold…
$AVGO #ShortPuts #Earnings – Sold AVGO DEC 9 2016 155.0 Puts @ 0.35 with the stock at 170.79.
These expire tomorrow.
$RH #ShortPuts #Earnings – Sold…
$RH #ShortPuts #Earnings – Sold RH Dec 9 2016 30.0 Puts @ 0.25 with the stock at 38.90.
These expire tomorrow.
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY Dec 23 2016 18.5 Calls @ 0.12 with the stock at 9.80
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Dec 23 2016 63.0 Puts @ 0.35 with the stock at 86.52. Seems to be a fairly safe two week bet.
$CF #CoveredCalls – Sold CF…
$CF #CoveredCalls – Sold CF JAN 13 2017 35.0 Calls @ 0.33. Overwriting stock with a cost of 32.50
$CVS #ShortPuts – Sold CVS…
$CVS #ShortPuts – Sold CVS Dec 30 2016 75.0 Puts @ 0.35 with the stock at 80.08. Paired with short Calls.
The stock has collapsed since the trade so they could be sold much higher now.
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY Dec 16 2016 15.5 Calls @ 0.12 with the stock at 9.87.
Up 50% in a week?? I don’t think so!!
$ILMN #ShortPuts #FallingKnife – Sold…
$ILMN #ShortPuts #FallingKnife – Sold 1 ILMN Jan 20 2017 100.0 Put @ 1.05
$SPX $SVXY – so somebody…
$SPX $SVXY – so somebody explain this to me. During the first few hours of trading the Dow and SP500 indexes were hardly moving and SVXY rallied hard to another new high. Then as the market took off like a rocketship in the afternoon, SVXY flatlined, and then gave up all of its gains and closed down on the day.
What’s up with that?
$ILMN #ShortPuts #FallingKnife #OptionLadder -…
$ILMN #ShortPuts #FallingKnife #OptionLadder – sold these early today
Sold ILMN Dec 9 2016 118.0 Puts @ 0.60 – these expire in two days
Sold ILMN Dec 16 2016 115.0 Puts @ 0.75
Sold ILMN Dec 23 2016 110.0 Puts @ 0.70
Sold ILMN Dec 30 2016 105.0 Puts @ 0.65
$AGN #ShortPuts #FallingKnife – Sold…
$AGN #ShortPuts #FallingKnife – Sold AGN Dec 16 2016 175.0 Puts @ 0.75.
$SVXY #CoveredCalls – another new…
$SVXY #CoveredCalls – another new high on SVXY and another rollup
Bought to close SVXY DEC 16 2016 70.0 Calls / Sold SVXY Jan 19 2018 100.0 Calls @ 0.50 Credit
I’ve got covered calls at 85 and 90 for this week so it’s likely I will be selling some of my stock.
$UVXY #ShortPuts #OptionLadder – yes…
$UVXY #ShortPuts #OptionLadder – yes you read that right 🙂
Sold UVXY DEC 23 2016 8.0 Puts @ 0.28
Sold UVXY DEC 30 2016 7.5 Puts @ 0.26
Sold UVXY JAN 6 2017 7.0 Puts @ 0.22
If they don’t expire or get covered for a penny I suspect they will be easy to roll.
$SVXY #ShortCalls – I’ve changed…
$SVXY #ShortCalls – I’ve changed my mind about holding most of my Dec calls to expiration as SVXY tops 90 dollars.
The remaining time premium to be earned in the December contract is very small and waiting to roll at a potentially higher stock price next week would make the trade even harder to do.
Bought to close SVXY Dec 16 2016 80 Calls / Sold SVXY Jun 16 2017 100.0 Calls @ 1.58 Credit.
This is partly for margin reasons since I’m typically at least 2 for 1 overwritten on my long stock. I’m rolling anything with a strike price below 85 out to next year with a big jump in strike price.
$SVXY #ShortCalls – Sold 1…
$SVXY #ShortCalls – Sold 1 SVXY Dec 23 2016 95.0 Call @ 1.40 with the stock at 89.07
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Dec 16 2016 68.0 Puts @ 0.30. This is 20 points out of the money.
$SVXY #ShortCalls – with the…
$SVXY #ShortCalls – with the stock at 88.50 and at a new high, and having sucked most of the time premium off of my December Calls, I’m rolling some big positions out and significantly up.
Bought to close SVXY Dec 16 2016 75 Calls / Sold SVXY Jun 16 2017 95.0 Calls @ 0.05 Credit
Bought to close SVXY Dec 16 2016 71 Calls / Sold SVXY Jan 16 2018 105.0 Calls @ 0.15 Credit
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts #Weeklys – Sold DUST Dec 23 2016 30.0 Puts @ 0.40 with the stock at 50.29
$SVXY #ShortPuts #VXXGame #IRA -…
$SVXY #ShortPuts #VXXGame #IRA – Bought to close SVXY JAN 20 2017 25.0 Puts @ 0.05. They won’t trade any lower.
Originally sold at 5.20 on 1/15/2016 as a low risk trade. A greater than 20% return on cash in an IRA
$MRO #CoveredCalls – Sold MRO…
$MRO #CoveredCalls – Sold MRO DEC 9 2016 19.0 Calls @ 0.28 with the stock at 18.43. These expire Friday.
$VIX #VXXGame #Italy – the…
$VIX #VXXGame #Italy – the markets don’t seem to care. I’m glad I was as aggressive as I was selling SVXY Puts and UVXY Calls.
The markets are acting like they will never go down again in a meaningful way. I don’t believe it !!
I’ve got weekly volatility positions in place until Dec 30. By then I should have had almost all my SVXY called away and be 99% in cash going into the new year and presidency.
#OptionsExpiration #Weeklys #Dec02 – Anything…
#OptionsExpiration #Weeklys #Dec02 – Anything not posted as rolled today expired
— Expired —
AMGN (Weekly) Dec 2 2016 130 Puts
CVS (Weekly) Dec 2 2016 74 Puts
CVS (Weekly) Dec 2 2016 80 Calls
DUST (Weekly) Dec 2 2016 60 Calls
MRO (Weekly) Dec 2 2016 18.5 Calls (Covered)
NKE (Weekly) Dec 2 2016 46.5 Puts
NUGT (Weekly) Dec 2 2016 7 Puts
NUGT (Weekly) Dec 2 2016 8 Puts
NUGT (Weekly) Dec 2 2016 11 Calls (Covered)
SVXY (Weekly) Dec 2 2016 40 Puts
SVXY (Weekly) Dec 2 2016 45 Puts
SVXY (Weekly) Dec 2 2016 70 Puts
SVXY (Weekly) Dec 2 2016 72 Puts
SVXY (Weekly) Dec 2 2016 85 Calls (Covered)
UVXY (Weekly) Dec 2 2016 16.5 Calls (Covered)
UVXY (Weekly) Dec 2 2016 35 Calls (Covered)
$SVXY #ShortCalls #Rollup – the…
$SVXY #ShortCalls #Rollup – the only SVXY position I needed to roll today as the stock runs to 83. It always runs Friday afternoon. When will I learn.
Bought to close SVXY Dec 2 2016 80.5 Calls @ 2.49 – originally sold for 4.40
Sold SVXY Dec 30 2016 86.0 Calls @ 4.24
Added 5.5 points to the strike price, added 1.75 Credit to my account per contract, and set the new strike price right about at the YTD high for SVXY.
$NUGT #CoveredCalls – Sold NUGT…
$NUGT #CoveredCalls – Sold NUGT Dec 9 2016 11.0 Calls @ 0.10. Expires next Friday. I would welcome assignment
$SVXY #ShortPuts #VXXGame – Sold…
$SVXY #ShortPuts #VXXGame – Sold SVXY Dec 16 2016 59.0 Puts @ 0.60. More than 20 points below yesterday’s intraday low with 11 trading days to go.
$NUGT #ShortPuts #Rollout – rolled…
$NUGT #ShortPuts #Rollout – rolled out the positions in the money for this week. In each case I dropped the strike price a point (over 10%).
Bought to close NUGT DEC 2 2016 9.0 Puts / Sold NUGT DEC 30 2016 8.0 Puts @ 0.06 Credit
Bought to close NUGT DEC 2 2016 8.5 Puts / Sold NUGT DEC 16 2016 7.5 Puts @ 0.08 Credit
Bought to close NUGT DEC 2 2016 8.0 Puts / Sold NUGT DEC 9 20167.5 Puts @ 0.10 Credit
$SPX $VIX – while not…
$SPX $VIX – while not agreeing with the epic stock market crash scenario, this could explain some of the recent VIX spike.
http://www.internationalman.com/articles/how-december-4-could-trigger-the-most-violent-economic-shock-in-history
$SVXY #ShortPuts #VXXGame – Sold…
$SVXY #ShortPuts #VXXGame – Sold SVXY Dec 9 2016 62.0 Calls @ 0.35 with the stock at 80.95 – these expire in 6 days
$UVXY #CoverCalls #VXXGame – a…
$UVXY #CoveredCalls #VXXGame – a couple more late trades
Sold UVXY Dec 9 2016 19.5 Calls @ 0.15 with the stock at 11.61 – these expire in 6 days
Sold UVXY Dec 16 2016 28.0 Calls @ 0.15 with the stock at 11.65
$UVXY $SVXY #ShortCalls #ShortPuts #VXXGame…
$UVXY $SVXY #ShortCalls #ShortPuts #VXXGame – hard to keep up with all the fills.
Here are the latest of them.
Sold UVXY Dec 16 2016 27.0 Calls @ 0.15
Sold UVXY Dec 23 2016 30.0 Calls @ 0.14
Sold UVXY Dec 30 2016 20.5 Calls @ 0.53
Sold UVXY Dec 30 2016 26.0 Calls @ 0.27
Sold UVXY Jan 6 2017 20.0 Calls @ 0.68
Sold SVXY Dec 16 2016 62.0 Puts @ 0.80
Sold SVXY Dec 16 2016 61.0 Puts @ 0.70
$CF #CoveredCalls – Sold CF…
$CF #CoveredCalls – Sold CF JAN 6 2017 35.0 Calls @ 0.23
$MRO #CoveredCalls – adding some…
$MRO #CoveredCalls – adding some on the big bounce. Over-writing my stock
Sold MRO APR 21 2017 25.0 Calls @ 0.43
Sold MRO JUL 21 2017 25.0 Calls @ 0.87
$UVXY #CoveredCalls #VXXGame – on…
$UVXY #CoveredCalls #VXXGame – on the UVXY bounce to 11
Sold UVXY Dec 16 2016 19.0 Calls @ 0.26
Sold UVXY Dec 16 2016 19.5 Calls @ 0.23
$ESV #CoveredCalls – Sold ESV…
$ESV #CoveredCalls – Sold ESV Mar 17 2017 15.0 Calls @ 0.25
$MCO #CoveredCalls – Sold MCO…
$MCO #CoveredCalls – Sold MCO Dec 16 105.0 Calls @ 0.33. Getting what I can with time running out on this contract.
$MRO #CoveredCalls – Sold MRO…
$MRO #CoveredCalls – Sold MRO DEC 2 2016 18.5 Calls @ 0.20. These expire Friday
$SVXY #ShortCalls – a couple…
$SVXY #ShortCalls – a couple of trades today to raise my breakeven levels
Bought to close SVXY Dec 2 2016 90.0 Calls @ 0.05
Sold SVXY Dec 23 2016 95.0 Calls @ 1.15
Sold SVXY Dec 30 2016 95.0 Calls @ 1.60
$MNK #ShortPuts #FallingKnife – Sold…
$MNK #ShortPuts #FallingKnife – Sold MNK Jan 20 2017 40.0 Puts @ 0.90
$CVS #CoveredCalls – Sold CVS…
$CVS #CoveredCalls – Sold CVS Feb 17 2017 85.0 Calls @ 0.54 with the stock at 76.78. Strike is above the gap caused by the last earnings report and is paired against long stock acquired at 80.
As WalgreensBoots hits new highs, it’s dragging CVS up with it.
$CVS #CoveredCalls – Sold CVS…
$CVS #CoveredCalls – Sold CVS DEC 23 2016 78.0 Calls @ 0.62 early this morning. I could get more for them now.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Dec 16 2016 60.0 Puts @ 0.20
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts – Sold DUST Dec 16 2016 35.0 Puts @ 0.80 with the stock at 50.52
$SVXY #ShortPuts – with the…
$SVXY #ShortPuts – with the call assignment I had last Friday, I have a bit of spare cash that I can use to sell more puts against.
Sold SVXY Dec 2 2016 72.0 Puts @ 0.25
Sold SVXY Dec 2 2016 70.0 Puts @ 0.20
These are more than 10 points out of the money and expire at the end of the week.
$SVXY ShortCalls – Bought to…
$SVXY ShortCalls – Bought to close SVXY Nov 25 2016 85.0 Calls at 0.10 and 0.15 after the market closed.
I was not happy about having to cover, but I did make money on both trades.
#OptionsExpiration #Weeklys #Nov25 – Liquidated…
#OptionsExpiration #Weeklys #Nov25 – Liquidated some more SVXY that barely escaped assignment a week ago at 81.50. So I’ve raised more cash. Everything else expired or was rolled earlier today.
— Expirations —
AAPL (Weekly) Nov 25 2016 100 Puts
DUST (Weekly) Nov 25 2016 70 Calls
MYL (Weekly) Nov 25 2016 42.5 Calls (Covered)
NKE (Weekly) Nov 25 2016 47.5 Puts
SVXY (Weekly) Nov 25 2016 40 Puts
SVXY (Weekly) Nov 25 2016 45 Puts
SVXY (Weekly) Nov 25 2016 50 Puts
SVXY (Weekly) Nov 25 2016 66.5 Puts
UA (Weekly) Nov 25 2016 30 Puts
UVXY (Weekly) Nov 25 2016 35 Calls
— Assignments —
SVXY (Weekly) Nov 25 2016 82 Calls (Covered)
SVXY (Weekly) Nov 25 2016 83.5 Calls (Covered)
$SVXY #ShortCalls #Rollup – Bought…
$SVXY #ShortCalls #Rollup – Bought to close SVXY Nov 25 2016 83.5 Calls / Sold SVXY Dec 9 2016 87.0 Calls for a 0.68 Credit. Bumped the strike price up 3.5 points
$NUGT #ShortPuts #RollOut – Bought…
$NUGT #ShortPuts #RollOut – Bought to close NUGT NOV 25 2016 8.5 Puts / Sold NUGT DEC 16 2016 7.5 Puts @ 0.21 Credit
$AMGN #ShortPuts #FallingKnife – Bought…
$AMGN #ShortPuts #FallingKnife – Bought to close AMGN DEC 2 2016 125.0 Puts @ 0.01. They won’t trade any lower.
$NUGT #ShortPuts #RollOut – Bought…
$NUGT #ShortPuts #RollOut – Bought to close NUGT NOV 25 2016 9.0 Puts / Sold NUGT DEC 23 2016 8.0 Puts @ 0.15 Credit
$SVXY #ShortCalls #Rollup – Bought…
$SVXY #ShortCalls #Rollup – Bought to close SVXY Nov 25 2016 80.0 Calls / Sold SVXY Dec 23 2016 85.0 Calls for a 0.20 Credit. Bumped the strike price up 5 points to an out of the money strike.
$CF #CoveredCalls #Rollup – Bought…
$CF #CoveredCalls #Rollup – Bought to close CF Nov 25 2016 28.0 Calls @ 0.45 / Sold CF Dec 16 2016 30.0 Calls @ 0.58 with the stock at 28.44.
Earned all the time premium on today’s call and made money on the trade while jumping the strike price on a strong stock by 2 points plus a 0.13 Credit.
$DUST #ShortCalls – Sold 1…
$DUST #ShortCalls – Sold 1 Dust Dec 16 2016 90.0 Call @ 1.65, adding to my position.
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY Dec 2 2016 16.5 Calls @ 0.10
$ALXN #ShortPuts #FallingKnife – Sold…
$ALXN #ShortPuts #FallingKnife – Sold 1 ALXN JAN 20 2017 90.0 Put @ 1.35
$WYNN #ShortPuts – Bought to…
$WYNN #ShortPuts – Bought to close WYNN DEC 16 2016 60.0 Puts @ 0.01. They won’t trade any lower.
Out of the position 4 weeks early.
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts – Sold DUST Dec 30 2016 31.5 Puts @ 1.40
$SVXY #ShortCalls – sold these…
$SVXY #ShortCalls – sold these this morning with the stock just over 85.
Sold SVXY Dec 16 2016 95.0 Calls @ 0.85
Sold SVXY Dec 30 2016 95.0 Calls @ 1.80
Sold SVXY Dec 30 2016 100.0 Calls @ 0.75
$DUST #ShortPuts – Sold 1…
$DUST #ShortPuts – Sold 1 DUST Dec 30 2016 38.0 Put @ 3.30
$SVXY #ShortCalls – sold these…
$SVXY #ShortCalls – sold these two this afternoon with the stock just under 85.
Sold SVXY Dec 23 2016 95.0 Calls @ 1.10
Sold SVXY Dec 30 2016 95.0 Calls @ 1.45
Options Bistro 