Sold the new highest strike–$UVXY Apr 20 45 call @ 8.00.

I was short a Feb 47 straddle which was doing fine until a few days ago LOL. With the stock down below 45 and bouncing a bit, I am rolling the 47 calls down to 45 for .70 credit to go inverted 47/45. Total premium taken in so far is 2.91 so I’m still at a good profit if XRT finishes between the strikes next week. If it keeps moving down I’ll roll the whole position out to March and try to un-invert it.

According to Yahoo Finance, is 11.61.
https://finance.yahoo.com/quote/%5ESVXY-IV?p=SVXY-IV

Trading in the low 40s.
VIX futures in strong backwardation:

Replacing some current and upcoming expirations in $AAPL. Sold:
Jun 15 130 put @ 1.60
Jul 20 125 put @ 1.40
Sep 21 120 put @ 1.65

This blew through the strike so I’m rolling today’s $SVXY 114 put out 1 week and down 4 points to Feb 9 110 put for 1.10 credit.

Sold $PYPL Jul 20 62.50 puts @ 1.30 with the stock at 78.22.

Sold $UVXY Mar 9 26 calls @ .74. Highest strike.

We’re awfully close flipping to backwardation. http://vixcentral.com/ At last read, months 1 and 2 were only .05 apart.
If that happens in any meaningful way we should really see an acceleration of SVXY to the downside (and UVXY to the upside).

At the highest strikes available. Sold:
$DUST Sep 21 32 call @ 2.70
$DUST Jan 17 2020 40 call @ 4.50

Sold these this morning (so far):
$SVXY Feb 16 85 put @ 1.45
$SVXY Feb 16 83 put @ 1.40
$SVXY Mar 2 75 put @ 1.30
$SVXY Mar 16 60 puts @ 1.04
$SVXY Apr 20 50 put @ 1.25
$SVXY Jun 15 40 put @ 1.28

$UVXY Mar 2 20 calls @ 1.10
$UVXY Mar 16 30 calls @ 1.03

Sold $UVXY Mar 2 20 calls @ .66 with UVXY at 11.04. Highest strike.

Rolled $NFLX Mar 9 275 calls out to Mar 16 260/290 strangle for .70 credit. Watching closely. I may pull the rip cord if this goes much higher.

$AMZN Jan 26 1255 puts
$BA Jan 26 350 calls
$BA Jan 26 355 calls
$BA Jan 26 330 puts
$BA Jan 26 310 puts
$FB Jan 26 172.50 puts
$SVXY Jan 26 110 puts

No assignments.

At some point this WTF market has to pull back. Maybe when it gets to Jeff’s 2900 level. 🙂

Have a great weekend everyone.

Taking this mostly profitable position off before next week’s earnings report.
Bought to close $FB Feb 16 160 puts @ .34. Sold for 1.25 on 1/12.

Sold $WDC Jul 20 65 put @ 1.20

Going out to August to get some premium at a relatively low delta (these are at 21).
Sold $AAL Aug 17 puts @ 1.17 with the stock at 52.95. IV is still elevated (IVR 57).

Still going really slowly on this.
Sold $SVXY Mar 16 70 put @ 1.20.
Will add at lower strikes and/or higher premium.

Rolled $NFLX Feb 2 265 calls up and out to Mar 9 275 calls for 1.42 credit with the stock at 269.71.

With the strike getting breached at 261.25, I rolled $NFLX Jan 26 260 calls up and out 1 week to Feb 2 265 calls for .35 credit. Let’s see if this thing can’t slow down.

Borrowing an idea from TastyTrade (Liz & Jenny).
Sold $LUV Feb 16 58/67 strangle @ 1.15 with the stock at 62.33. Earnings tomorrow morning.

On the 10% move down, sold $UAL Sep 21 50 puts @ 1.10

Sold at the highest strikes:
$NUGT Jun 15 54 call @ 2.60
$NUGT Sep 21 49 call @ 5.00
$NUGT Jan 18 2019 65 call @ 5.00

Rolled puts from my Feb 16 strangle up to 94 to go inverted (with 91 calls) for 1.02 credit.
Total premium taken in so far: 3.88, keeping me at a profit if XBI finishes between the strikes.

Sold $NFLX Jan 26 260 calls @ 1.72

Rolled $AMZN Feb 16 1290 call up and out to Apr 20 1320 call for 9.00 credit. Total credit taken in with rolls so far: 23.65.

Bought to close $RRC Jan 19 16 puts @ .15. Sold for 1.40 on 8/30.

Bought to close for near minimum value:
$EFX Apr 20 60 puts @ .04. Sold for 1.45 and 2.00 on 9/13.
$EFX Apr 20 55 put @ .02. Sold for 2.30 on 9/15.

Sold $NUGT Jun 15 54 call @ 2.30

Sold $EXAS Feb 16 45 puts @ 1.85

Taking this position off before expiration next week. The stock was below the strike as recently as yesterday so I decided to close it for 65% of the max profit.
Bought to close $HSIC Jan 19 72.50 puts @ .35. Sold for 1.00 on 8/9.

Using some volatility to sell puts, pre-earnings and post-earnings with the stock at 179.54. IV rank is 87.
Sold $FB Jan 26 172.50 puts @ 1.25
Sold $FB Feb 16 160.00 puts @ 1.25

Still stubbornly in the money and now with little to no time value left, this option was demanding to be rolled so I obliged. Rolled the short Jan 19 115 put out to Mar 16 115 put for 1.47 credit.

Firing up Coinbase right now LOL.

Sold $WHR Jun 15 130 put @ 1.90

Sold $SVXY Mar 16 65 put @ 1.20

Sold $KMB Jul 20 100 put @ 1.25 with the stock at 116.80. Price hasn’t been at the strike since Oct 2014.

With the stock just breaching the strike I’m rolling the Jan 19 1250 covered call out 1 week and up 5 points to Jan 26 1255 call for 3.90 credit. The Jan 26 expiration is still pre-earnings.

Sold $XBI Feb 16 81/91 strangle @ 1.84. Leaning a little bearish, thinking the bounce won’t push XBI above its all time highs.

On the move down in biotech today, sold $BIIB Feb 16 300 put @ 3.60. Chart showing support at the 300 level. If there’s a bounce in the next couple of weeks I’ll get out early but if not I’ll likely hold through earnings on 1/25.

Rolled $AMZN Feb 16 1220 call up and out to Apr 20 1260 call for 1.19 credit. Getting another 40 points of room to the upside.

2 expirations today, no assignments:
$CAT Dec 29 128 puts
$SVXY Dec 29 70 puts

I also got filled after the bell on the move down into the close:
Sold $SVXY Feb 2 75 put @ 1.20

Have a Happy New Year everyone!

Rolled $MNK Jan 19 30 puts out to Feb 30 puts for .10 credit. Getting another month for the stock to recover and booking the loss in 2017.

Sold $NUGT Jan 18 2019 64 call @ 3.65. Highest strike.

Nice move today.
Sold $TWTR Jan 26 24.50 calls @ 1.02 with the stock at 24.02. The IVs don’t increase until after the 1/26 expiration so I’ll assume earnings won’t be until early Feb.
These were sold against stock I was already long.

$CELG Dec 15 90 puts
$DUST Dec 15 35 calls
$FB Dec 15 170 puts
$GE Dec 15 24 calls (covered)
$ILMN Dec 15 160 puts
$IRBT Dec 15 60 puts
$LRCX Dec 15 175 puts
$LRCX Dec 15 210 calls
$NUGT1 Dec 15 16 calls (pre-split strike—sold prior to the last 1:4 reverse split)
$STX Dec 15 28 puts
$SVXY Dec 15 35 puts
$SVXY Dec 15 70 puts
$SVXY Dec 15 82.50 puts
$SVXY Dec 15 95 puts
$UVXY Dec 15 50 calls
$UVXY Dec 15 55 calls
$UVXY1 Dec 15 37 calls (pre-split strike—sold prior to the last 1:4 revers split)
$WHR Dec 15 145 puts

Assignments:
$KMI Dec 15 25 puts (will be going long stock)

Have a great weekend everyone. Volume should be really light for the next 2 weeks.

With today’s move up, I took the opportunity to close this position for around 75% of the max after having been underwater just 2 days ago. Didn’t want to risk a reversal with opex coming up on Friday.
Bought to close $TTD Dec 15 45 puts @ .35. Sold for 1.45 on 11/13.

Been fighting with this ever since I put it on but chipping away at it.
Original trade was a Nov 57/60 strangle. I rolled the puts up to 60 to create a straddle, then rolled the whole position to Dec. I just rolled it again to a Jan 60 straddle for .36 credit. Premium taken in so for is 2.54 with XLK at 63.96. I’m comfortable keeping the short delta in tech for now.

Well one position at least. Been wrestling with this one since March. Sold puts at the 27 strike with the stock around 31 at the time. Rolled it 5 times and was left with the 27 puts expiring this Friday. With today’s move I’m finally able to get out of this for a profit. So I’m taking it and running.
Bought to close $M Dec 15 27 puts @ 1.38. Overall profit on position is .87.
I’m also short the Jan 20 puts which are mostly profitable.

Rolled $AAOI Dec 15 75 puts out to Jan 19 for 1.20 credit with the stock at 39.11. With continued rolls, basis reduction on this so far is 11.09. After having quite a few positions on this stock since May I’m down to only 2–this problem child one and short March 22.50 puts. Stock has been profitable to trade this year. If I can’t stick the landing, I’m looking for at least a graceful dismount from this position soon.

For most of they year, rolling and adjusting a strangle that went wrong. I just rolled it again and was able to widen it by 1 point, this time recapturing a good portion of the loss and hopefully ending this thing by January if it can finish anywhere near the strikes, if not between them.
Rolled $EWW Dec 15 51/53 strangles out to Jan 50/53 strangles for .41 credit.

Sold $TEVA Jan 19 17.50 calls @ .53

Some new strikes have been added. Sold:
$DUST Mar 16 2018 45 calls @ 1.20 (new highest strike)
$DUST Jun 15 2018 45 call @ 2.80 (new highest strike)
$DUST Jan 18 2019 50 call @ 5.20 (adding at highest strike)

Still waiting for higher strikes as we get more upside, but in the meantime throwing very small trades out there when the timing is good.
Sold $DUST Jun 15 2018 40 call @ 2.70. Highest strike.

Forgive the football reference but I think they started running before they actually caught the ball.

Via short puts.
Sold $SQ Jan 19 35 puts @ 1.10.
Delta 25. IVR is high at 78. Earnings not expected until Feb.
Would consider taking assignment at the breakeven, 33.90.

Sold $WDC Jul 20 55 put @ 1.30