$SVXY #ShortPuts – Sold SVXY Sep 16 2016 30.0 Puts @ 2.25. Three months to expiration with a breakeven below the 52week low.
edited to include the strike price
$SVXY #ShortPuts – Sold SVXY Sep 16 2016 30.0 Puts @ 2.25. Three months to expiration with a breakeven below the 52week low.
edited to include the strike price
$UVXY #CoveredCalls #VXXGame – Sold UVXY Jun 24 2016 26.0 Calls @ 1.27.
This expires a week from Friday and is the highest available strike price
$UVXY #CoveredCalls #VXXGame – Sold UVXY Jun 17 2016 20.0 Calls @ 0.85. These expire Friday
$UVXY #ShortCalls #VXXGame – sold the following this morning
UVXY Sep 16 2016 115.0 Calls @ 1.00
UVXY Jan 20 2017 170.0 Calls @ 0.98
UVXY Jan 19 2018 115.0 Calls @ 4.25
$UVXY $VXX $SVXY – extreme moves today. After hours the moves have continued in the same direction.
I feel that we may be in for 5 to 10 more days of extreme volatility. But short calls on UVXY and VXX will ultimately work for those with patience and a lot of buying power. UVXY could double from here on a violent move but that would only take it to about 30.
Top of the chain UVXY Options which are available that I think would be good sales with acceptable premiums and low margin requirements:
July 15 32 calls
Sept 115 calls
Jan 170 calls
JMHO
$UVXY #ShortCalls #OptionLadder – why average up a trade when you can keep raising the strike price.
Sold UVXY SEP 16 2016 90.0 Calls @ 0.84 at 15:03:31
Sold UVXY SEP 16 2016 95.0 Calls @ 0.84 at 15:22:33
Sold UVXY SEP 16 2016 100.0 Calls @ 0.84 at 15:23:09
Sold UVXY SEP 16 2016 105.0 Calls @ 0.84 at 15:23:46
Sold UVXY SEP 16 2016 110.0 Calls @ 0.84 at 15:27:49
I would have kept going but I had to run someone to the airport
$NUGT #ShortPuts – Sold these paired with existing short Calls. These all expire Friday.
Sold NUGT Jun 17 2016 85.0 Puts @ 1.05
Sold NUGT Jun 17 2016 84.0 Puts @ 1.05
Sold NUGT Jun 17 2016 83.0 Puts @ 0.85
Sold NUGT Jun 17 2016 82.0 Puts @ 0.74
Sold NUGT Jun 17 2016 80.0 Puts @ 0.55
$UVXY #ShortCalls #VXXGame – Sold UVXY SEP 16 2016 50.0 Calls @ 1.44
Sold UVXY SEP 16 2016 55.0 Calls @ 1.25
$UVXY @ShortCalls #ClassicVXXGame – Sold some small risk calls at the top of the chain with the stock at 13.50
Sold UVXY Jan 20 2017 170 Calls @ 0.50
Sold UVXY Jan 19 2018 115.0 Calls @ 3.40
$SVXY #ShortPuts #VXXGame – some sales this morning. Maybe a bit early but they are all near term.
SVXY JUN 17 2016 42.0 Puts @ 0.20
SVXY JUN 17 2016 44.5 Puts @ 0.35
SVXY JUN 24 2016 44.5 Puts @ 1.05
SVXY JUL 1 2016 44.5 Puts @ 1.45
SVXY JUL 8 2016 44.5 Puts @ 1.80
$UVXY #ShortCalls #VXXGame – Sold UVXY JUL 15 2016 32.0 Calls @ 0.72. Adding on to my position
$UVXY #CoveredCalls #VXXGame – when the stock opened at 13 this morning I sold the following –
UVXY JUN 17 2016 19.0 Calls @ 0.19 – these expire Friday
UVXY JUN 24 2016 22.0 Calls @ 0.54
UVXY JUL 1 2016 25.0 Calls @ 0.70 – highest available strike price
UVXY JUL 15 2016 32.0 Calls @ 0.55 – highest available strike price
UVXY JUL 22 2016 22.0 Calls @ 1.42 – highest available strike price
#OptionsExpiration #Jun10 #Weeklys – wild ride this week. No assignments. Next week’s monthly expiration is a big one.
— Expirations —
DUST (Weekly) Jun 10 2016 22 Calls (Covered)
NUGT (Weekly) Jun 10 2016 50 Puts
NUGT (Weekly) Jun 10 2016 55 Puts
NUGT (Weekly) Jun 10 2016 60 Puts
NUGT (Weekly) Jun 10 2016 72.5 Puts
NUGT (Weekly) Jun 10 2016 73 Puts
NUGT (Weekly) Jun 10 2016 74 Puts
NUGT (Weekly) Jun 10 2016 75 Puts
NUGT (Weekly) Jun 10 2016 135 Calls
SVXY (Weekly) Jun 10 2016 45 Puts
SVXY (Weekly) Jun 10 2016 65 Calls (Covered)
UVXY (Weekly) Jun 10 2016 30 Calls (Covered)
$UVXY #ShortCalls #VXXGame – Sold UVXY Sep 16 2016 55.0 Calls @ 0.70 with the stock at 12.20.
$UVXY #ShortCalls #VXXGame – Sold UVXY Jul 15 2016 32.0 Calls @ 0.51 with the stock at 12.07.
Highest available strike.
$UVXY #ShortCalls #VXXGame – I continue to add these as volatility rises.
UVXY topped out at 11.70 today (so far)
Sold UVXY JUL 1 2016 25.0 Calls @ 0.40 – highest available strike
Sold UVXY JUL 8 2016 22.0 Calls @ 0.58 – highest available strike
Sold UVXY JUL 15 2016 24.0 Calls @ 0.63
Sold UVXY JUL 22 2016 22.0 Calls @ 0.95 – highest available strike
and finally … Sold UVXY Sep 16 2016 55.0 Calls @ 0.60
$NUGT #ShortStrangles – Sold 1 NUGT Jun 24 2016 70/150 Strangle @ 3.60.
Also covered this week’s 117 calls @ 0.05, just in case.
$NUGT #ShortPuts – Sold NUGT JUN 17 2016 82.0 Puts @ 1.05 replacing similar positions expiring today.
One week until expiration
$NUGT #ShortCalls – Bought to close NUGT JUN 10 2016 110.0 Calls @ 1.10 to make a small profit.
A bit of patience today paid off.
$UVXY #ShortCalls #VXXGame #OptionLadder – sold a whole bunch of calls against existing long stock
UVXY JUN 24 2016 22.0 Calls @ 0.28
UVXY JUL 8 2016 22.0 Calls @ 0.39
UVXY JUL 15 2016 24.0 Calls @ 0.49
UVXY JUL 22 2016 22.0 CallS @ 0.66
UVXY SEP 16 2016 45.0 Calls @ 0.69
UVXY SEP 16 2016 50.0 Calls @ 0.61
$SVXY #ShortPuts #VXXGame – selling puts at strike prices up to 25% below the current price
Sold 1 SVXY Sep 16 2016 39.0 Put @ 2.05
Sold 1 SVXY Sep 16 2016 40.0 Put @ 2.20
Initial positions at these strikes.
$SVXY #ShortPuts #VXXGame #OptionLadder – adding to my positions
No margin cost because of a excess of short calls on this stock.
SVXY JUL 1 2016 45.0 Puts @ 0.60
SVXY JUL 15 2016 46.0 Puts @ 1.10
$SVXY #ShortPuts #VXXGame #OptionLadder – another account with an #OptionLadder in SVXY.
No margin cost because of a excess of short calls on this stock.
SVXY JUN 17 2016 53.0 Puts @ 0.40
SVXY JUN 24 2016 48.0 Puts @ 0.50
SVXY JUL 1 2016 45.0 Puts @ 0.50
SVXY JUL 15 2016 46.0 Puts @ 1.05
$UVXY #CoveredCalls #ShortCalls #VXXGame #OptionLadder – setting up some short calls for the next 5 weeks with strike prices over 100% out of the money.
As the near week options expire, the later week options become covered. Very inexpensive short positions to carry on margin.
UVXY JUN 17 2016 20.0 Calls @ 0.07
UVXY JUN 24 2016 21.0 Calls @ 0.16
UVXY JUL 1 2016 21.0 Calls @ 0.29
UVXY JUL 8 2016 22.0 Calls @ 0.32
UVXY JUL 15 2016 23.0 Calls @ 0.42
$SVXY #ShortPuts #OptionLadder – I sold the following this morning
SVXY JUN 24 2016 52.0 Puts @ 0.75
SVXY JUL 1 2016 51.0 Puts @ 1.05
SVXY JUL 8 2016 50.0 Puts @ 1.10
$CF #CoveredCalls – Sold CF Jun 24 2016 35.0 Calls @ 0.26. I’m long some stock plus short some long term puts.
$DUST #ShortCalls – covered a couple of positions early at minimum value –
Bought to close DUST Jun 24 2016 22.0 Calls @ 0.05
Bought to close DUST Jul 15 2016 33.0 Calls @ 0.05
No commission on either trade.
$SVXY #ShortPuts #VXXGame – Sold SVXY Jul 15 2016 49.0 Puts @ 1.15
$SVXY #CoveredCalls #VXXGame #Rollup – More rolls for this week’s #ITM positions.
Bought to close SVXY June 10 2016 60.0 Calls / Sold to Open SVXY Jul 15 2016 64.0 Calls at a 0.70 Credit
Bought to close SVXY June 10 2016 62.0 Calls / Sold to Open SVXY Jul 01 2016 66.0 Calls at a 0.40 Credit
I only have this week’s strike 65 calls left to cover but I may take assignment if the stock ends up above 65 on Friday.
$NUGT #ShortCalls #Rollup – I had been holding out hope that these positions would work out but this morning’s move put a stake in the heart of that idea. So I rolled up and out.
Bought to close NUGT Jun 17 2016 72.0 Calls / Sold NUGT Jan 20 2017 120.0 Calls @ a 0.15 Credit
Bought to close NUGT Jun 17 2016 94.0 Calls / Sold NUGT Sep 16 2016 145.0 Calls @ a 0.15 Credit
I added significantly to the strike prices without spending any cash. It’s just going to cost me time (I hope)
$SVXY #CoveredCalls #VXXGame #Rollup – More rolls for this week’s and next week’s #ITM positions.
Bought to close SVXY June 10 2016 59.0 Calls / Sold to Open SVXY Dec 16 2016 75.0 Calls at a 0.65 Credit
Bought to close SVXY June 17 2016 60.0 Calls / Sold to Open SVXY Jan 20 2017 80.0 Calls at a 1.10 Credit
I’ve really pushed my strike prices up to the point where I feel comfortable letting some stock go in the next few weeks if some short calls get me out above today’s high of around 66.50 including the premium received.
$SVXY #CoveredCalls #VXXGame – rolled these early in the week so I don’t have so many to roll Thursday or Friday.
Bought to close SVXY June 10 2016 60.0 Calls / Sold to Open SVXY Jul 15 2016 64.0 Calls at a 0.10 Credit
Bought to close SVXY June 10 2016 60.0 Calls / Sold to Open SVXY Dec 16 2016 75.0 Calls at a 2.00 Credit
$BIIB #ShortPuts #Fallingknife – Sell the Jan 2017 210.0 Put @ 10.50. A 5% return on cash in 7 months with a $200 breakeven
#OptionsExpiration #Weeklys #Jun03 – a pretty quiet week this week. Got my cash back and a nice profit from some retail stocks I picked up during earnings season.
— Expirations —
DUST (Weekly) Jun 3 2016 20 Calls (Covered)
MRO (Weekly) Jun 3 2016 14 Calls (Covered)
NUGT (Weekly) Jun 3 2016 50 Puts
NUGT (Weekly) Jun 3 2016 54 Puts
NUGT (Weekly) Jun 3 2016 55 Puts
NUGT (Weekly) Jun 3 2016 59 Puts
NUGT (Weekly) Jun 3 2016 60 Puts
NUGT (Weekly) Jun 3 2016 61 Puts
NUGT (Weekly) Jun 3 2016 64 Puts
NUGT (Weekly) Jun 3 2016 65 Puts
NUGT (Weekly) Jun 3 2016 70 Puts
NUGT (Weekly) Jun 3 2016 115 Calls
NUGT (Weekly) Jun 3 2016 120 Calls
NUGT (Weekly) Jun 3 2016 130 Calls
SVXY (Weekly) Jun 3 2016 35 Puts
SVXY (Weekly) Jun 3 2016 40 Puts
UVXY (Weekly) Jun 3 2016 25 Calls (Covered)
UVXY (Weekly) Jun 3 2016 26 Calls (Covered)
UVXY (Weekly) Jun 3 2016 30 Calls (Covered)
— Assignments —
KORS (Weekly) Jun 3 2016 43 Calls (Covered)
M (Weekly) Jun 3 2016 34 Calls (Covered)
$SVXY #CoveredCalls #Rollup – rolled up my in the money calls in SVXY this morning –
Rolled Jun 03 55.0 Calls to Dec 70.0 Calls for a 0.15 Credit – an unusual roll but I need to give the stock more room to run
Rolled Jun 03 57.0 Calls to Dec 71.0 Calls for a 1.92 Credit – got a much more generous credit on this roll
Rolled Jun 03 60.0 Calls to Jul 22 2016 64.0 Calls for a 1.79 Credit – a more traditional roll
Rolled Jun 03 61.0 Calls to Jul 22 2016 65.0 Calls for a 1.85 Credit – a more traditional roll
$UVXY #ShortPuts #CoveredCalls – after the VIX collapse in the last two days I used the small rally this morning to adjust my positions.
Bought to close UVXY Jun 10 2016 10.0 Puts @ 0.30 – originally sold a week ago at 0.37
Sold UVXY Jul 15 2016 23.0 Calls @ 0.46
$BOIL #CoveredCalls – Sold BOIL Jun 17 2016 15.0 Calls @ 0.25
$UVXY #CoveredCalls #VXXGame – Sold UVXY Jul 15 2016 32.0 Calls @ 0.32.
This is the highest available strike price and I will add if the premium rises above today’s high.
$UVXY #CoveredCalls #VXXGame – Sold UVXY(Weekly) Jun 24 2016 20.0 Calls @ 0.40 with the stock at 11.40
$VIX – for most time periods, the VIX index just crossed above the 50 period moving average. I don’t know if it will hold. Just something to note ….
$CF #ShortPuts #FallingKnife – Sold CF November 18 2016 22.5 Puts @ 1.53.
$KORS #CoveredCalls – Sold KORS Jun 03 2016 43.0 Calls @ 1.70. These replace last week’s strike 42.5 calls that expired Friday.
Only 4 days until expiration
$NUGT #ShortPuts #IRA – Sold NUGT Jun 03 2016 55.0 Puts @ 0.40 in an IRA account. These replace last week’s strike 65 puts that expired Friday.
Only 4 days until expiration
#OptionsExpiration #Weeklys #May27 – another good week this week. I rolled out some SVXY calls and NUGT puts (I posted on those earlier) so I avoided any assignments this week.
— Expirations —
DUST (Weekly) May 27 2016 22 Calls (Covered)
KORS (Weekly) May 27 2016 42.5 Calls (Covered)
MRO (Weekly) May 27 2016 14 Calls (Covered)
NUGT (Weekly) May 27 2016 55 Puts
NUGT (Weekly) May 27 2016 65 Puts
NUGT (Weekly) May 27 2016 66 Puts
NUGT (Weekly) May 27 2016 67 Puts
NUGT (Weekly) May 27 2016 68 Puts
NUGT (Weekly) May 27 2016 69 Puts
NUGT (Weekly) May 27 2016 70 Puts
NUGT (Weekly) May 27 2016 96 Calls
NUGT (Weekly) May 27 2016 105 Calls
NUGT (Weekly) May 27 2016 115 Calls
NUGT (Weekly) May 27 2016 142 Calls
SVXY (Weekly) May 27 2016 35 Puts
SVXY (Weekly) May 27 2016 39 Puts
SVXY (Weekly) May 27 2016 40 Puts
SVXY (Weekly) May 27 2016 46 Puts
SVXY (Weekly) May 27 2016 47 Puts
UVXY (Weekly) May 27 2016 20 Calls (Covered)
UVXY (Weekly) May 27 2016 22 Calls (Covered)
UVXY (Weekly) May 27 2016 23 Calls (Covered)
UVXY (Weekly) May 27 2016 24 Calls (Covered)
UVXY (Weekly) May 27 2016 25 Calls
UVXY (Weekly) May 27 2016 27 Calls
$NUGT #ShortPuts – after the drop this morning, I used the current bounce in the stock to roll my only in-the-money position.
Bought to close NUGT 05/27/2016 75.0 Puts @ 1.52 – originally sold for 2.40 early this week
Sold NUGT 06/10/2016 60.0 Puts @ 2.27 – lowered the strike price 15 points plus a 0.75 credit
$SVXY #CoveredCalls – I did the following rolls so far today. Still more to go …
Bought to close SVXY 05/27/2016 58.0 Calls @ 2.92
Sold SVXY 06/17/2016 61.00 Calls @ 3.19
Bought to close SVXY 05/27/2016 58.0 Calls @ 3.23
Sold SVXY 06/24/2016 61.00 Calls @ 4.14
Bought to close SVXY 05/27/2016 59.0 Calls @ 1.96
Sold SVXY 06/10/2016 61.00 Calls @ 2.46
I’m pushing my strike price up near the new the YTD high set today. Since most of my stock is now above my cost basis, I’d be inclined to let these new calls be assigned.
$UVXY #ShortCalls #VXXGame – Bought to close 1 UVXY Jan 20 2017 170.0 Call @ 0.15.
There are still 238 days until expiration.
Originally sold on 12/11/15 @ 11.10
$NUGT #ShortPuts – holiday shortened trading week next week. Only 4 trading days.
Sold NUGT JUN 3 2016 60.0 Puts @ 1.05
Sold NUGT JUN 3 2016 61.0 Puts @ 1.20
$DUST #ShortPuts – Sold 1 DUST JUN 17 2016 13.0 Put @ 1.10
$NUGT #ShortCalls #OptionLadder – balancing out some of the short puts I’ve been selling
Sold NUGT MAY 27 2016 96.0 Calls @ 0.35 – these expire tomorrow
Sold NUGT JUN 3 2016 120.0 Calls @ 0.40 – these expire next Friday
Sold 1 NUGT JUN 24 2016 125.0 Call @ 2.85
Sold NUGT JUN 24 2016 155.0 Calls @ 1.35
Sold 1 NUGT JUL 1 2016 135.0 Call @ 2.85
Sold 1 NUGT JUL 1 2016 155.0 Call @ 1.90
Sold 1 NUGT JUL 15 2016 130.0 Call @ 4.90
Sold 1 NUGT AUG 19 2016 130.0 Call @ 8.70
Sold 1 NUGT SEP 16 2016 185.0 Call @ 5.80
Sold 1 NUGT DEC 16 2016 185.0 Call @ 11.50
Sold 1 NUGT JAN 20 2017 185.0 Call @ 12.80
$NUGT #ShortCalls – Sold 1 NUGT Jun 10 2016 117.0 Call @ 1.25. This is paired with a Jun 10th 50.0 put that I sold yesterday for 1.25. Total strangle credit is 2.50 with 12 trading days to go.
$NUGT #ShortPuts #IRA – Sold 1 NUGT SEP 16 2016 28.0 Put @ 2.50
$DUST #CoveredCalls – added the following positions this morning – my long stock is now hedged
Sold DUST JUN 3 2016 22.0 Calls @ 0.50
Sold DUST JUN 24 2016 22.0 Calls @ 1.70
Sold 1 DUST JUL 1 2016 25.0 Call @ 1.45
Sold DUST JUL 15 2016 33.0 Calls @ 0.95 – adding to my position
$CF #ShortPuts #FallingKnife – Sold CF Nov 22.5 Puts @ 1.52. The strike is 10% below the 52 week low.
$NUGT #ShortPuts – Sold NUGT(Weekly) Jun 10 2016 50.0 Puts @ 1.25. Adding on to my position.
$SVXY #CoveredCalls #OptionLadder – with the trades listed below, I’m done selling SVXY calls for the week …. I think. I’ve now replaced all the short calls that expired last week at substantially higher strike prices for the next few weekly cycles. Even a sharp pullback in SVXY should not hurt me at this point.
I’ll be looking to scalp short puts at 51 or below for this week if the opportunity presents itself.
Sold SVXY Jun 10 2016 62.0 Calls @ 1.20
Sold SVXY Jun 24 2016 65 Calls @ 1.55
$CNX #CoveredCalls – Sold CNX Jun 17 2016 15.0 Calls @ 0.55
$DUST #CoveredCalls – Sold 1 DUST Jul 01 2016 22.0 Call @ 1.70
$NUGT #ShortPuts – Sold NUGT(Weekly) Jun 10 2016 50.0 Puts @ 1.10. Adding on to my position.
I still have 3 different Jun short call positions that are in the money (I never rolled them up) so I’m not worried about this particular Put position
$DUST #CoveredCalls – Sold DUST Jul 15 2016 33.0 Calls @ 0.80. Highest available strike price.
$SVXY #CoveredCalls – just sold these as SVXY notches a new YTD high of 58.26
Sold SVXY Jun 03 2016 61.0 Calls @ 0.75
Sold SVXY Jun 24 2016 64.0 Calls @ 1.55
$SVXY #CoveredCalls – just sold these
Sold SVXY May 27 2016 60.0 Calls @ 0.50 – these expire Friday
Sold SVXY Jun 17 2016 63.0 Calls @ 1.20
$NUGT #ShortPuts – just sold these
Sold NUGT Jun 03 2016 60.0 Puts @ 1.20
Sold NUGT Jun 10 2016 55.0 Puts @ 1.50
$DUST #CoveredCalls – sold these this morning
Sold DUST JUN 10 2016 22.0 Calls @ 0.55
Sold DUST JUN 17 2016 22.5 Calls @ 0.80
Sold 1 DUST JUN 24 2016 22.0 Call @ 1.15
Sold 1 DUST AUG 19 2016 25.0 Call @ 2.16
$SVXY #CoveredCalls – sold these this morning
Sold SVXY Jun 17 2016 60.0 Calls @ 2.15
Sold SVXY Jul 01 2016 62.0 Calls @ 2.55
$NUGT #ShortPuts #IRA – Sold NUGT(Weekly) Jun 10 2016 50.0 Puts @ 0.90
$SWN #CoveredCalls – Sold SWN Jun 17 2016 13.0 Calls @ 0.63
$NUGT #ShortStrangles – started out the day selling Puts
Sold NUGT Jun 03 2016 55.0 Puts @ 0.70
Sold NUGT Jun 03 2016 60.0 Puts @ 1.15
Sold NUGT Jun 03 2016 65.0 Puts @ 1.90
Now I’m selling calls
Sold NUGT May 27 2016 115.0 Calls @ 0.65
$SVXY #CoveredCalls #IRA – Sold SVXY May 27 2016 58.0 Calls @ 0.75. These expire Friday
$NFLX #ShortPuts – Bought to Close NFLX JUN 17 2016 55.0 Puts @ 0.01. Nothing more to make here.
Originally sold in January at 1.35 and 1.49
$NUGT #ShortPuts – Sold 1 NUGT JUN 17 2016 54.0 Put @ 2.50
$SVXY #CoveredCalls #IRA – Sold SVXY JUN 24 2016 61.0 Calls @ 2.10
$SWN #CoveredCalls – Sold SWN JUN 17 2016 14.0 Calls @ 0.32
$NUGT #ShortPuts – Sold NUGT(Weekly) MAY 27 2016 68.0 Puts @ 1.10
$FEYE $DUST #CoveredCalls – sold these on the open
FEYE JUN 17 2016 15.0 Calls @ 0.46
DUST JUN 17 2016 20.0 Calls @ 1.25