Love the presidents

Meant to mention earlier, but I love the rotating presidents on The Bistro. Great idea. Thanks @jeffcp66.

Options Expiration for Feb 16

$AAPL Feb 16 135 puts
$AGN Feb 16 150 puts
$AMZN Feb 16 1575 call (covered)
$AMZN Feb 16 1250 put
$BA Feb 16 375 calls
$CAT Feb 16 175 calls
$FCX Feb 16 18 puts
$IYR Feb 16 70 calls
$KOLD Feb 16 50 calls
$KOLD Feb 16 55 calls
$QQQ Feb 16 156 puts
$SVXY Feb 16 130 calls
$TXN Feb 16 114 calls
$UVXY Feb 16 18 calls
$UVXY Feb 16 26 calls
$UVXY Feb 16 35 calls

Inverted strangles that expired (will be assigned both sides):
$SQ Feb 16 40 calls/45 puts–total premium taken in 5.82 less 5.00 strangle width=.82 profit
$XBI Feb 16 91 calls/94 puts–total premium taken in 3.98 less 3.00 strangle width=.98 profit

Assignments

Stock being called away:
$X Feb 16 37 calls (covered)

Stock being assigned:
$SVXY Feb 16 73 put
$SVXY Feb 16 75 put
$SVXY Feb 16 80 put
Just about done with the outstanding short SVXY puts. I am now long…let me think…I believe the official term is “a f***ton”. I haven’t written any calls against the position yet but hopefully can start next week, targeting the ones with the lowest basis.

Have a great long weekend everyone.

#OptionsExpiration

Taking some short UVXY exposure off

Reducing size where I can.
Bought to close $UVXY Feb 23 26 calls @ .26. Sold for .53-1.20 on 2/2-2/5.
Bought to close $UVXY Mar 16 70 calls .32. Sold for 1.00 on 12/1/17.

Taking some March/April positions off

Bought to close $DUST Mar 16 44 calls @ .10. Sold for 1.00-1.20 on 12/5/17-12/6/17.
Bought to close $NUGT Mar 16 60 call @ .04. Sold for 5.70 on 9/5/17.
Bought to close $KR Apr 20 18 puts @ .05. Sold for 1.15 on 9/25/17.

CYBR covered calls

Sold $CYBR Apr 20 50 calls @ 1.65. Been writing calls on this stock for quite some time. With this sale, my basis has been reduced by 14.25 (originally acquired at 57.40 so basis now 43.15). Selling the 50s gives me a little more upside as well, with the stock decisively breaking through resistance and just about filling the gap from July.

Taking off BIIB

I’m using today’s small bounce to get out of this short put for tomorrow’s expiration. It’s now above the strike price slightly so I’m out and taking my modest profit.
Bought to close $BIIB Feb 16 300 put @ 2.25. Sold for 3.60 on 1/8.

Adding a REGN ladder rung

Sold $REGN Aug 17 240 put @ 5.70 (delta 11).
My ladder is now:
Apr 300 put
May 280 put
Aug 240 put