$BMY $FOSL #ShortPuts #FallingKnife – sold both these
Sold BMY Dec 16 2016 52.5 Puts @ 1.88
Sold FOSL Dec 16 2016 21.0 Puts @ 0.80
Author Archives: Option Iceman
$SWN #CoveredCalls – Sold SWN…
$SWN #CoveredCalls – Sold SWN Oct 21 2016 16.0 Calls @ 0.52. I sold these early anticipating that my Sep 15.0 Calls will be expiring Friday
Great chart of the 1987…
Great chart of the 1987 crash for educational purposes only. A good one to keep on file. $SPY $SPX
$SVXY #ShortPuts #IRA – betting…
$SVXY #ShortPuts #IRA – betting AGAINST a 33% drop in the stock from 60 to 40
Sold SVXY Oct 7 2016 40.0 Puts @ 0.70
Sold SVXY Oct 21 2016 40.0 Puts @ 1.10
$SVXY #ShortPuts – SVXY briefly…
$SVXY #ShortPuts – SVXY briefly broke 60. Wow!!
Sold 2 SVXY Sep 16 2016 54.0 Puts @ 0.60 – expires Friday
Sold 1 SVXY Dec 16 38.0 Put @ 2.20. Breakeven = 35.80
$UVXY #ShortCalls – these are…
$UVXY #ShortCalls – these are all partially hedged with long stock. I’m staying small and at the TOP of the Chain –
Sold 1 UVXY OCT 7 2016 40.0 Call @ 2.29
Sold 1 UVXY OCT 14 2016 40.0 Call @ 2.82
Sold 1 UVXY OCT 21 2016 55.0 Call @ 2.01
Sold 1 UVXY OCT 28 2016 40.0 Call @ 3.80
Sold 1 UVXY NOV 18 2016 45.0 Call @ 3.85
Sold 1 UVXY Dec 16 2016 55.0 Call @ 4.47
Sold 1 UVXY Jan 20 2017 60.0 Call @ 5.00
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT Sep 30 2016 14.0 Puts @ 0.60 with the stock at 18.56
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Sep 16 2016 55.0 Puts @ 0.55 with the stock at 60.66
UVXY #ShortCalls – added on…
UVXY #ShortCalls – added on to positions for this week
Sold UVXY Sep 16 2016 29.0 Calls @ 0.88 with the stock at 25.24
Sold UVXY Sep 16 2016 30.0 Calls @ 0.66 with the stock at 25.07
$ULTA #ShortPuts #FallingKnife – Sold…
$ULTA #ShortPuts #FallingKnife – Sold ULTA Dec 16 2016 150 Puts @ 0.45 with the stock at 235.36
$SVXY #ShortPuts – Sold 1…
$SVXY #ShortPuts – Sold 1 SVXY Dec 16 2016 42.0 Put @ 2.55 with the stock at 65.30
$NUGT #ShortPuts #Weeklys – sold…
$NUGT #ShortPuts #Weeklys – sold these on the opening this morning with the stock at 18.33
Sold NUGT Sep 16 2016 17.0 Puts @ 0.60
Sold NUGT Sep 23 2016 15.0 Puts @ 0.60
Sold NUGT Sep 30 2016 14.0 Puts @ 0.60
Sold NUGT Oct 07 2016 13.0 Puts @ 0.60
Staying small and using an #OptionLadder approach
$SVXY #ShortPuts #Weeklys – sold…
$SVXY #ShortPuts #Weeklys – sold these on the opening this morning with the stock at 65.41
Sold SVXY Sep 16 2016 50.0 Puts @ 0.20
Sold SVXY Sep 23 2016 45.0 Puts @ 0.40
$UVXY #ShortCalls #Weeklys – sold…
$UVXY #ShortCalls #Weeklys – sold these on the opening this morning with the stock at 23.08
Sold UVXY Sep 16 2016 29.0 Calls @ 0.66
Sold UVXY Sep 16 2016 29.5 Calls @ 0.66
$UVXY #ShortCalls – still getting…
$UVXY #ShortCalls – still getting fills after the close – All these are the highest available strike prices (for now).
Sold 1 UVXY Oct 7 2016 40.0 Call @ 1.45
Sold 1 UVXY Oct 14 2016 40.0 Call @ 1.85
Sold 1 UVXY Nov 18 2016 45.0 Call @ 3.10
#OptionsExpiration #Weeklys #Sep09 – No…
#OptionsExpiration #Weeklys #Sep09 – No assignment this week as I rolled any at risk options into later weeks.
Big Monthly expiration next week.
— Expirations —
NUGT (Weekly) Sep 9 2016 15 Puts
NUGT (Weekly) Sep 9 2016 17 Puts
UA (Weekly) Sep 9 2016 34 Puts
UVXY (Weekly) Sep 9 2016 35 Calls
UVXY (Weekly) Sep 9 2016 35.5 Calls
UVXY (Weekly) Sep 9 2016 40 Calls
UVXY (Weekly) Sep 9 2016 50 Calls
UVXY (Weekly) Sep 9 2016 45 Calls
UVXY (Weekly) Sep 9 2016 58 Calls
$SVXY #ShortPuts – Added some…
$SVXY #ShortPuts – Added some for next week
Sold SVXY SEP 16 2016 60.0 Puts @ 0.60
Sold SVXY SEP 16 2016 55.0 Puts @ 0.39
Turning short calls into #Strangles
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY SEP 16 2016 60.0 Puts @ 0.45
I still have a few of the strike 60 covered calls hanging out there for next week too.
$UVXY #CoveredCalls – more trades…
$UVXY #CoveredCalls – more trades
Sold UVXY Sep 16 2016 32.0 Calls @ 0.22 with the stock at 19.67
Sold UVXY Sep 16 2016 41.0 Calls @ 0.11 with the stock at 19.69
Sold UVXY Oct 7 2016 40.0 Calls @ 0.69 with the stock at 19.14
Sold UVXY Oct 14 2016 40.0 Calls @ 0.92 with the stock at 19.32
$UVXY #CoveredCalls – yeah! some…
$UVXY #CoveredCalls – yeah! some volatility –
Sold UVXY Sep 9 2016 20.0 Calls @ 0.16 with the stock at 19.05
Sold UVXY Sep 16 2016 29.0 Calls @ 0.22 with the stock at 19.27
Sold UVXY Sep 16 2016 40.0 Calls @ 0.11 with the stock at 19.15
Sold UVXY Sep 23 2016 45.0 Calls @ 0.17 with the stock at 19.29
$MYL #CoveredCalls – Sold MYL…
$MYL #CoveredCalls – Sold MYL Oct 14 2016 45.0 Calls @ 0.53 against stock that was put to me last week.
$WFM #ShortPuts #FallingKnife – Sold WFM Oct 21 2016 28.0 Puts @ 0.38
$MRO #CoveredCalls – Sold MRO OCT 21 2016 19.0 Calls @ 0.21
$SVXY #ShortCalls – margin pressure…
$SVXY #ShortCalls – margin pressure forced me into the following roll on 2/3 of my position.
Bought to close SVXY Sep 16 2016 70.0 Calls / Sold SVXY Jan 19 2018 115.0 Calls @ 2.45 credit.
$SVXY #ShortCalls #Rollup – Another…
$SVXY #ShortCalls #Rollup – Another rollup in a managed account –
Bought to close SVXY Sep 9 2016 70.5 Calls / Sold SVXY Oct 14 2016 74.0 Calls @ 0.40 credit.
$SVXY #ShortCalls #Rollup – Small…
$SVXY #ShortCalls #Rollup – Small trade in a managed account –
Bought to close SVXY Sep 16 2016 60.0 Calls / Sold SVXY Dec 16 2016 65.0 Calls @ 0.45 credit.
$SVXY #ShortCalls – margin pressure…
$SVXY #ShortCalls – margin pressure forced me into the following roll –
Bought to close SVXY Sep 16 2016 60.0 Calls / Sold SVXY Jan 19 2018 90.0 Calls @ 0.40 credit.
$SVXY #CoveredCalls – a lesson…
$SVXY #CoveredCalls – a lesson on why not to trade on your phone.
Friday I was attempting to roll some strike 70 calls that were about to expire out 3 weeks to some Sep 30 2016 72.0 calls for a credit. I got a spread order off, Buying strike 70s at 5.81 and selling strike 72s at 6.69. All good, right? Well … not so much.
I realized a few hours later that I had fat-fingered the spread order and bought the Sep 9 2016 70 calls that I did not formerly have a position in, putting me long 10 contracts. And I was still short the Sep 2 2016 calls that I had intended to cover.
I spent the rest of the day trying to cover the Sep 2 contracts while liquidating the long Sep 9 contracts. The bid ask spreads just kept getting wider and wider until near the close I just put in a covering order at 6 for the Sep 2 contract figuring if it didn’t fill at least I could deliver some long stock I was holding. The stock was trading above 76 at the close but just after the close the stock dipped and the option order filled.
So this morning, thanks to strong opening I sold some stock at 76.30 in the premarket and then sold the long calls at 6.80 when the market opened.
So I made almost $1000 on the long options I didn’t really want. Most of the time it doesn’t work out so well. I’m cooling my jets for the rest of the week.
#OptionsExpiration #Weeklys #Sep02 – A…
#OptionsExpiration #Weeklys #Sep02 – A profitable week with Gold and Volatility strangles front and center again. An earnings trade on $LULU worked.
Raised even more cash in some IRA accounts.
— Expirations —
CF (Weekly) Sep 2 2016 20 Puts
LULU (Weekly) Sep 2 2016 65.5 Puts
LULU (Weekly) Sep 2 2016 67.5 Puts
MRO (Weekly) Sep 2 2016 16 Calls
NUGT (Weekly) Sep 2 2016 16 Puts
NUGT (Weekly) Sep 2 2016 17 Puts
NUGT (Weekly) Sep 2 2016 18 Puts
NUGT (Weekly) Sep 2 2016 26.7 Calls
SVXY (Weekly) Sep 2 2016 40 Puts
SVXY (Weekly) Sep 2 2016 55 Puts
SVXY (Weekly) Sep 2 2016 55.5 Puts
SVXY (Weekly) Sep 2 2016 56 Puts
SVXY (Weekly) Sep 2 2016 56.5 Puts
SVXY (Weekly) Sep 2 2016 57 Puts
SVXY (Weekly) Sep 2 2016 57.5 Puts
SVXY (Weekly) Sep 2 2016 58 Puts
SVXY (Weekly) Sep 2 2016 58.5 Puts
SVXY (Weekly) Sep 2 2016 59 Puts
SVXY (Weekly) Sep 2 2016 60 Puts
TWLO (Weekly) Sep 2 2016 53 Puts
UVXY (Weekly) Sep 2 2016 30 Calls
UVXY (Weekly) Sep 2 2016 30.5 Calls
UVXY (Weekly) Sep 2 2016 30.5 Calls
UVXY (Weekly) Sep 2 2016 31 Calls
UVXY (Weekly) Sep 2 2016 31.5 Calls
UVXY (Weekly) Sep 2 2016 31.5 Calls
UVXY (Weekly) Sep 2 2016 32 Calls
UVXY (Weekly) Sep 2 2016 32.5 Calls
UVXY (Weekly) Sep 2 2016 33 Calls
UVXY (Weekly) Sep 2 2016 44 Calls
UVXY (Weekly) Sep 2 2016 58 Calls
UVXY(ns) (Weekly) Sep 2 2016 12 Calls
XOM (Weekly) Sep 2 2016 85 Puts
— Assignments —
DUST(ns) (Weekly) Sep 2 2016 6.5 Calls (Covered) – profitable
MYL (Weekly) Sep 2 2016 44 Puts – going long some stock/IRA
SVXY (Weekly) Sep 2 2016 62 Calls (Covered/IRA) – profitable
SVXY (Weekly) Sep 2 2016 65 Calls (Covered/IRA) – profitable
$GDX #ShortCalls – Bought to…
$GDX #ShortCalls – Bought to close GDX Sep 2 2016 27.5 Puts @ 0.11 to avoid assignment.
I rolled into these last week and the roll was profitable
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT March 17 2017 52.0 Call @ 2.10. Highest available strike
$SVXY #ShortCalls #VXXGame – sold…
$SVXY #ShortCalls #VXXGame – sold all these long term Calls on the opening creating an #OptionLadder –
Sold 1 SVXY Jan 19 2018 100 Call @ 14.80
Sold 1 SVXY Jan 19 2018 105 Call @ 13.20
Sold 1 SVXY Jan 19 2018 110 Call @ 12.50
Sold SVXY Jan 19 2018 120 Calls @ 9.80
Sold SVXY Jan 19 2018 125 Calls @ 9.00
Sold SVXY Jan 19 2018 130 Calls @ 7.90
Sold SVXY Jan 19 2018 135 Calls @ 7.10
Sold SVXY Jan 19 2018 140 Calls @ 6.40
$DUST #ShortCalls #Rollup – made…
$DUST #ShortCalls #Rollup – made some money on the short calls and I’m rolling the position up 5 points and out of the money
Bought to close DUST Sep 2 2016 33.0 Calls @ 1.37 (Originally sold @ 2.30)
Sold DUST Sep 23 2016 38.0 Calls @ 1.92
$SVXY #CoveredCalls #Rollup – the…
$SVXY #CoveredCalls #Rollup – the first of several rolls as SVXY sets a new YTD high above 75 –
Bought to close SVXY Sep 2 2016 71.0 Calls @ 4.33
Sold SVXY Sep 30 2016 74.0 Calls @ 5.43
Added 3 points to the strike price plus 1.10 credit to my cash balance. The new breakeven on the covered call is now well above the YTD high on SVXY.
$TWLO #ShortPuts – SMM issued…
$TWLO #ShortPuts – SMM issued a stock alert today on this one so I’m making a very short term trade –
Sold TWLO SEP 2 2016 53.0 Put @ 0.40 with the stock at 54.19
$NUGT #ShortPuts – sold all…
$NUGT #ShortPuts – sold all these just after NUGT turned higher
NUGT Sep 2 2016 18.0 Puts @ 0.95
NUGT Sep 9 2016 17.0 Puts @ 0.95
NUGT Sep 16 2016 16.0 Puts @ 0.95
$DUST #ShortCalls – Sold 1…
$DUST #ShortCalls – Sold 1 DUST 20/100 MAR 17 2017 12.0 Call @ 2.10 adding to my position. This is the old pre split contract
$SVXY #ShortCalls #VXXGame – on…
$SVXY #ShortCalls #VXXGame – on my orders on SVXY leaps, I got the 2nd of them off this afternoon.
Sold 1 SVXY Jan 19 2018 110.0 Call @ 11.50 with the stock at 72.75.
Trying for another one a point higher.
#BPE – TOS tells me the buying Power effect is only 731.15 for the next one.
$NUGT #ShortPuts – Back in…
$NUGT #ShortPuts – Back in it. Sold NUGT Sept 2 2016 17.0 Puts @ 0.35. These should expire Friday
$DUST #ShortCalls – Sold 1…
$DUST #ShortCalls – Sold 1 DUST 20/100 Mar 17 2017 12.0 Call @ 1.40 with the stock at 36.74.
This is the old pre-split contract and the effective strike price is 60 on the new stock.
Adding to an existing position since the option only covers 20 shares.
#BPE (new hashtag for Buying power effect) is only 196.11
$CF #CoveredCalls – Sold CF…
$CF #CoveredCalls – Sold CF Oct 07 2016 30.0 Calls @ 0.38 on a jump in CF this morning.
$POT & $AGU were halted following chatter about merger talks according to someone over on OMM
$SVXY #ShortCalls #VXXGame – with…
$SVXY #ShortCalls #VXXGame – with little else going on, I put some orders in last night on some leaps on SVXY. I got the first of them off this morning.
Sold 1 SVXY Jan 19 2018 100.0 Call @ 13.80 with the stock at 73.27.
Trying for another one a point higher. TOS tells me the buying Power effect is only 731.45 for the next one.
$BMY #ShortPuts – Sold 1…
$BMY #ShortPuts – Sold 1 BMY Dec 16 2016 55 Put at 1.77.
My only trade today.
#BoringMarket
#OptionsExpiration #Weeklys #Aug26 – an…
#OptionsExpiration #Weeklys #Aug26 – an interesting week and a volatile expiration day.
Despite the midweek drop in $NUGT my puts stayed just far enough out of the money to expire. $SVXY set a slightly higher YTD high on Friday, only to get crushed in the afternoon. I let more stock go in IRA accounts to raise even more cash.
— Expired —
CF (Weekly) Aug 26 2016 20.5 Puts
NUGT (Weekly) Aug 26 2016 16 Puts
NUGT (Weekly) Aug 26 2016 17 Puts
NUGT (Weekly) Aug 26 2016 18 Puts
NUGT (Weekly) Aug 26 2016 19 Puts
NUGT (Weekly) Aug 26 2016 20 Puts
NUGT (Weekly) Aug 26 2016 21 Puts
NUGT (Weekly) Aug 26 2016 21.6 Puts
NUGT (Weekly) Aug 26 2016 43 Calls
SRPT (Weekly) Aug 26 2016 10 Puts
SRPT (Weekly) Aug 26 2016 41 Calls
TIF (Weekly) Aug 26 2016 54 Puts
TIF (Weekly) Aug 26 2016 55 Puts
SVXY (Weekly) Aug 26 2016 57.5 Puts
SVXY (Weekly) Aug 26 2016 68 Puts
SVXY (Weekly) Aug 26 2016 71 Puts
UVXY (Weekly) Aug 26 2016 25 Calls
UVXY (Weekly) Aug 26 2016 25.5 Calls
UVXY (Weekly) Aug 26 2016 26 Calls
UVXY (Weekly) Aug 26 2016 27 Calls
UVXY (Weekly) Aug 26 2016 28.5 Calls
UVXY (Weekly) Aug 26 2016 38 Calls
UVXY (Weekly) Aug 26 2016 39 Calls
UVXY (Weekly) Aug 26 2016 40 Calls
UVXY (Weekly) Aug 26 2016 45 Calls
UVXY (Weekly) Aug 26 2016 55 Calls
UVXY (Weekly) Aug 26 2016 58 Calls
UVXY 20/(Weekly) Aug 26 2016 19 Calls
XOM (Weekly) Aug 26 2016 80 Puts
— Assignments —
DUST 20/(Weekly) Aug 26 2016 6 Calls (Covered)
SVXY (Weekly) Aug 26 2016 59 Calls (Covered)
SVXY (Weekly) Aug 26 2016 60 Calls (Covered)
SVXY (Weekly) Aug 26 2016 63 Calls (Covered)
SVXY (Weekly) Aug 26 2016 66 Calls (Covered)
$NUGT #ShortPuts – Bought to…
$NUGT #ShortPuts – Bought to close NUGT Aug 26 2016 21.8 Puts (the old 109 Puts) @ 0.05 to avoid possible assignment
$UVXY #ShortCalls #VXXGame – sold…
$UVXY #ShortCalls #VXXGame – sold these on the move to 22 in UVXY
Sold UVXY Sep 2 2016 32/32.5/33 Calls – all at 0.22
Sold UVXY Sep 16 2016 45/46 Calls @ 0.37
SVXY #CoveredCalls – in my…
SVXY #CoveredCalls – in my account with the 3:1 short call to stock ratio, I rolled this week’s calls out to a new week to keep my #OptionLadder going.
Bought to close SVXY Aug 26 2016 65.0 Calls @ 5.56
Sold SVXY Oct 07 2016 73.5 Calls @ 5.66.
Covered commissions on the switch and moved the strike price up 8.5 points.
One of these days I’ll let one of these weekly calls get assigned — or — one will actually expire.
$SVXY #ShortPuts – more gifts…
$SVXY #ShortPuts – more gifts 🙂
Sold SVXY Sep 2 2016 57.5 Puts @ 0.20 with the stock at 69.45
Sold SVXY Sep 2 2016 57.0 Puts @ 0.20 with the stock at 69.20
Sold SVXY Sep 2 2016 56.5 Puts @ 0.20 with the stock at 69.17
$SVXY #ShortPuts – more gifts…
$SVXY #ShortPuts – more gifts 🙂
Sold SVXY Sep 2 2016 58.0 Puts @ 0.25 with the stock at 70.64 and a week to go until expiration.
$SVXY #CoveredCalls #Rollup – did…
$SVXY #CoveredCalls #Rollup – did the following rollup with the stock at 71
Bought to close SVXY Aug 26 2016 69.0 Calls @ 1.94
Sold SVXY Sep 02 2016 71.0 Calls @ 2.19
I bumped the strike price up 2 points and added a 0.25 credit to my account while only adding one week to my holding period.
I was going to let this position get assigned but the collapse in the stock from 74.24 to 71 made the roll too attractive. And I made money on the calls that I covered. Win-Win
$SVXY #LongStock – an old…
$SVXY #LongStock – an old GTC order with a limit at the old YTD high of 74.16 filled during the Yellen madness.
Sold SVXY @ 74.16. This sale was 10% of my remaining position.
$DUST #ShortCalls #Rollup – the…
$DUST #ShortCalls #Rollup – the split complicated matters but this roll was still also slightly cash flow positive.
Bought to close 10 DUST(ns) Aug 26 2016 5.5 Calls @ 0.90
Sold 2 DUST Sep 09 2016 30.0 Calls @ 4.60
This one was harder because it was further in the money.
$GDX #ShortPuts – Bought to…
$GDX #ShortPuts – Bought to close GDX Aug 26 2016 28.0 Puts @ 0.18 to avoid assignment.
Originally sold for an average of 0.22, so a slight profit on the trade. Thanks Janet.
$DUST #ShortCalls #Rollup – the…
$DUST #ShortCalls #Rollup – the split complicated matters but the roll was still slightly cash flow positive
Bought to close 10 DUST(ns) Aug 26 2016 6.0 Calls @ 0.40
Sold 2 DUST Sep 02 2016 33.0 Calls @ 2.30
$SVXY #CoveredCalls #Rollup – did…
$SVXY #CoveredCalls #Rollup – did the following rollup with the stock at 73.86
Bought to close SVXY Aug 26 2016 69.0 Calls @ 4.58
Sold SVXY Oct 07 2016 75.0 Calls @ 5.13.
I bumped the strike price up 6 points and added a 0.55 credit to my account.
My first trade in this new weekly contract and the strike price is above the YTD high.
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT Dec 16 2016 52.0 Call @ 1.35. Highest available strike.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Sep 2 2016 59.0 Puts @ 0.20 with the stock at 72.38 and a week to go until expiration. A gift 🙂
$MYL #ShortPuts #FallingKnife – Dan…
$MYL #ShortPuts #FallingKnife – Dan mentioned this morning that he thought Mylan may have bottomed. Maybe, maybe not. However, opportunities still exist to sell puts with strike prices below the YTD low of 37.59
$UVXY #ShortCalls #VXXGame – sold…
$UVXY #ShortCalls #VXXGame – sold all these on the open with the stock at 21.36
Sold UVXY Sep 2 2016 31.5 Calls @ 0.22
Sold UVXY Sep 9 2016 35.0 Calls @ 0.35
Sold UVXY Sep 9 2016 35.5 Calls @ 0.35
Sold UVXY Oct 21 2016 55 Calls @ 1.30
$WYNN #FallingKnife – lots of…
$WYNN #FallingKnife – lots of good opportunities in the October short puts with plenty of room for a further decline
$NUGT #ShortPuts Sold 1 NUGT…
$NUGT #ShortPuts
Sold 1 NUGT AUG 26 2016 90.0 Put @1.38
Sold NUGT AUG 26 2016 85.0 Puts @ 0.75
Sold NUGT AUG 26 2016 80.0 Puts @ 0.36
$SVXY #CoveredCalls – Early assignment…
$SVXY #CoveredCalls – Early assignment last night on 5 SVXY Aug 26 2016 63.0 Calls in an IRA account. I probably wasn’t going to roll them anyway. Originally sold @ 4.55.
More cash reserves for the pullback that I hope is coming
$TWLO #ShortCalls – saw an…
$TWLO #ShortCalls – saw an interesting segment on Fast Money about this recent IPO.
Sold TWLO Sep 70 Calls @ 0.75 as an initial position. Trying to add more
$NUGT #ShortCalls – Bought to…
$NUGT #ShortCalls – Bought to Close 1 NUGT JAN 20 2017 185.0 Call @ 23.00 for a slight profit.
This is my last long term short call on NUGT
$NUGT #ShortCalls – Bought to…
$NUGT #ShortCalls – Bought to close NUGT Dec 16 2016 185.0 Calls @ 22.00
Getting out of the way of the split tomorrow. Actually made a few bucks profit on this trade.
$SWN #CoveredCalls – Sold SWN…
$SWN #CoveredCalls – Sold SWN Sep 16 2016 15.0 Calls @ 0.38. Replaces the August calls that just expired Friday.
$UVXY #ShortCalls – covered all…
$UVXY #ShortCalls – covered all these within a few seconds of each other after having GTC orders in for a month
Bought to close UVXY(ns) Sep 16 2016 45/50/55/60/65/70/90/95 Calls @ 0.01
48 total calls
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Aug26 2016 57.5 Puts @ 0.15.
Only got a partial fill because all today’s volume is me 🙂
$GDX #ShortPuts – who needs…
$GDX #ShortPuts – who needs NUGT. Sold GDX Aug 26 2016 28.0 Puts @ 0.13.
$NUGT #ShortCalls – clearing the…
$NUGT #ShortCalls – clearing the decks a bit before the split
Bought to close NUGT Jan 20 2017 100 Calls @ 60.11.
I can always reestablish bearish calls after the split.
$UVXY #CoveredCalls – sold these…
$UVXY #CoveredCalls – sold these early
UVXY Aug 26 2016 25.0 Calls @ 0.17
UVXY Aug 26 2016 26.0 Calls @ 0.13
UVXY Sep 9 2016 35.0 Calls @ 0.39
UVXY Sep 23 2016 45.0 Calls @ 0.64
$DUST #CoveredCalls – Sold DUST…
$DUST #CoveredCalls – Sold DUST Aug 26 2016 6.0 Calls @ 0.20
$NUGT #ShortPuts – Sold these…
$NUGT #ShortPuts – Sold these early
NUGT Aug 26 2016 109 Puts @ 0.60
NUGT Aug 26 2016 108 Puts @ 0.55
NUGT Aug 26 2016 105 Puts @ 0.40
NUGT Aug 26 2016 100 Puts @ 0.25
NUGT Aug 26 2016 95.0 Puts @ 0.20
$DUST #ShortCalls #Speculation – Sold…
$DUST #ShortCalls #Speculation – Sold DUST Aug 26 2016 5.5 Calls @ 0.30. Pure speculation and cheaper than shorting NUGT Puts.
If DUST stays in the current trading range, these should expire next Friday or will be cheap to cover
$SRPT #ShortStrangle – I have…
$SRPT #ShortStrangles – I have some strangles expiring today. Adding some for next week.
Sold SRPT Aug 29 2016 10.0 Puts / SRPT Aug 29 2016 41.0 Calls @ 0.55 Credit with the stock at 25.79
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY Aug 26 2016 28.5 Calls @ 0.16 for next week’s expiration.
$SVXY #CoveredCalls #OptionLadder – a…
$SVXY #CoveredCalls #OptionLadder – a couple of large rollups on the opening tick. I split a large short position expiring today into two new positions with different expiration dates.
Bought to close SVXY Aug 19 2016 70.0 Calls @ 3.30 / Sold Sep 16 2016 75.0 Calls @ 3.40
Bought to close SVXY Aug 19 2016 70.0 Calls @ 3.32 / Sold Sep 23 2016 75.0 Calls @ 4.38
Both trades are cash flow positive, adding to my cash balance, and this moves the strike price up 5 points, above the YTD high of 74.16.
I might have been able to do better by waiting but at least it’s a big position I don’t have to watch today.
Options Bistro 