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
Author Archives: Ramie
Rolling XBI
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.
NFLX calls
Sold $NFLX Jan 26 260 calls @ 1.72
AMZN rolling covered call
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.
Options Expiration for Jan monthly
A much larger than usual expiration, mostly because I let these gains run into the new tax year and by then, most of them were so far out of the money they weren’t worth closing. Of course the insane bull market was a big help as well. In any event, looking for the return of volatility so I replace a lot of these positions. My theta numbers have gotten way too low. All of the following expired.
$AAPL Jan 19 140 puts
$AGN Jan 19 160 puts
$AKAM Jan 19 40 puts
$AKAM Jan 19 37.50 puts
$ALXN Jan 19 85 puts
$ALXN Jan 19 60 puts
$APA Jan 19 35 puts
$BA Jan 19 270 puts
$CAH Jan 19 60 puts
$CAT Jan 19 140 puts
$CAT Jan 19 60 puts
$CELG Jan 19 85 puts
$CHRW Jan 19 60 puts
$CHRW Jan 19 55 puts
$CMG Jan 19 275 puts
$COST Jan 19 183 puts
$CSX Jan 19 50 puts
$CVS Jan 19 65 puts
$DUST Jan 19 80 calls
$DUST Jan 19 90 calls
$DUST2 Jan 19 30 calls*
$EFX Jan 19 50 puts
$ESRX Jan 19 47.50 puts
$ESV Jan 19 5 puts
$FLR Jan 19 40 puts
$FOSL Jan 19 8 puts
$GILD Jan 19 47.50 puts
$GWW Jan 19 210 puts
$GWW Jan 19 130 puts
$HES Jan 19 42.50 puts
$HP Jan 19 40 puts
$IBB Jan 19 66.67 puts
$ILMN Jan 19 115 puts
$ISRG Jan 19 410 puts
$LRCX Jan 19 165 puts
$M Jan 19 20 puts
$MOS Jan 19 19 puts
$MYL Jan 19 30 puts
$MYL Jan 19 27 puts
$NUGT Jan 19 58 calls
$NUGT Jan 19 66 calls
$NUGT1 Jan 19 17 calls*
$NUGT1 Jan 19 18 calls*
$NUGT1 Jan 19 19 calls*
$NUGT1 Jan 19 20 calls*
$NUGT1 Jan 19 25 calls*
$NUGT1 Jan 19 30 calls*
$NVDA Jan 19 120 puts
$PG Jan 19 80 puts
$QQQ Jan 19 148 puts
$QQQ Jan 19 147 puts
$SBUX Jan 19 50 puts
$SIG Jan 19 40 puts
$SJM Jan 19 105 puts
$SJG Jan 19 100 puts
$SQ Jan 19 35 puts
$SVXY Jan 19 65 puts
$TAP Jan 19 75 puts
$TAP Jan 19 70 puts
$TRIP Jan 19 30 puts
$TSCO Jan 19 50 puts
$UHS Jan 19 90 puts
$UVXY Jan 19 60 calls
$UVXY1 Jan 19 55 calls*
$UVXY1 Jan 19 60 calls*
$UVXY3 Jan 19 60 calls*
$WDC Jan 19 70 puts
$WDC Jan 19 60 puts
$XOM Jan 19 67.50 puts
*pre-split strikes
No assignments.
Have a great weekend everyone. If anyone is going to the SMM/OMM dinner in NY with Iceman on Monday, have a great time and please have a drink for me. Or at least some mu shu.
Closing STZ
This was an earnings trade from @jeffcp66.
I didn’t like the way it was acting a few minutes ago so I closed it for a small profit. I may have been too early since it’s starting to recover.
BTC STZ 1/19 220 puts @ 1.86. Sold for 2.20 on 1/4.
Closing RRC to avoid assignment
Bought to close $RRC Jan 19 16 puts @ .15. Sold for 1.40 on 8/30.
Closing $EFX about 3 months early
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.
NUGT new highest strike in June
Sold $NUGT Jun 15 54 call @ 2.30
Feb EXAS
Sold $EXAS Feb 16 45 puts @ 1.85
Closing Jan HSIC
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.
FB puts
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
Another AMZN covered call roll
Rolled $AMZN Jan 26 1255 call up and out to Feb 16 1290 call for 5.75 credit with the stock at 1283.46.
Rolling CELG
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.
Trying GUSH out
First position in this 3x oil & gas ETF.
Sold $GUSH Mar 16 44 calls @ 2.05. Highest strike in March.
SIG #FallingKnife Didn’t see this…
SIG #FallingKnife
Didn’t see this was filled earlier.
Sold $SIG 7/20 35 put @ 1.35.
Well…Gartman is bearish on cryptocurrencies
Firing up Coinbase right now LOL.
WHR June
Sold $WHR Jun 15 130 put @ 1.90
SVXY March
Sold $SVXY Mar 16 65 put @ 1.20
KMB Falling Knife-ish
Sold $KMB Jul 20 100 put @ 1.25 with the stock at 116.80. Price hasn’t been at the strike since Oct 2014.
Rolling AMZN covered call
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.
Selling some premium in XBI
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.
BIIB Feb
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.
$EXAS for this week
Sold $EXAS Jan 12 49 puts @ .80 with the stock at 50.99. Thanks for the idea @thomberg1201.
AMZN covered call roll
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.
Options Expiration for 12/29
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!
MNK–Rolling a loser
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.
NUGT
Sold $NUGT Jan 18 2019 64 call @ 3.65. Highest strike.
Rolling some #vxxgame hedges out…
Rolling some #vxxgame hedges out
Unbelievable that we’re here but here we are 🙂
With SVXY hovering around 130, I’m moving these short calls back out of the money for credits.
- Rolled $SVXY Mar 16 123 calls up and out to Jun 15 135 calls for 1.78 credit
- Rolled $SVXY Jun 15 122 calls up and out to Jan 18 2019 150 calls for 1.64 credit
Covered calls on TWTR
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.
Expiration for Dec 15
$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.
$HES Falling Knife
Got filled on this earlier but didn’t see until now.
Sold $HES May 18 2018 35 puts @ 1.10 with the stock at 42.41.
$COO Falling Knife-ish
With the stock at 225.32, a better representation of the Iceman #FallingKnife strategy might be selling the 170 puts, midprice around 1.30 right now. The 170 would take you back to Dec 2016 as the last time the stock was at that level. In this case I’m going higher for more premium–190 puts, a strike last seen in Feb of this year. Delta is 14.
Sold $COO May 18 190 put @ 3.00.
Taking TTD off
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.
Rolling XLK
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.
Getting out of the ring with $M
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.
AAOI deep in the money roll
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.
Been messing around with EWW
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.
TEVA Covered Calls
Sold $TEVA Jan 19 17.50 calls @ .53
More DUST calls
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)
SWKS #FallingKnife adding Moving down…
SWKS #FallingKnife adding
Moving down a strike.
Sold $SWKS May 18 70 put @ 1.25
DUST call in June
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.
/ES is about to go negative
Forgive the football reference but I think they started running before they actually caught the ball.
Some trades from earlier
Similar to @vxxkelly I was away from my desk during the crucial hour when the market was at its lows of the day. Of course that’s the only period of time I missed all day. Still was able to get a few trades off.
Sold:
$SVXY Mar 16 45 put @ 1.15
$SVXY Jan 19 65 put @ 1.19
$UVXY Jun 15 60 call @ 2.10 (highest strike)
$UVXY Mar 16 70 calls @ 1.00
So I’ll either be able to sell some more if the market fades again, or the market keeps moving up we’ll be seeing Iceman’s billboard. 🙂
SWKS #FallingKnife Sold $SWKS May…
SWKS #FallingKnife
Sold $SWKS May 18 75 puts @ 1.50
Taking a long position in $SQ
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.
Extending ladder on WDC
Sold $WDC Jul 20 55 put @ 1.30
CMG Covered Call
Sold $CMG Jan 19 350 call @ 3.00
WDC #FallingKnife Sold $WDC Apr…
WDC #FallingKnife
Sold $WDC Apr 20 65 put @ 1.75. Adding to my put ladder.
AAOI closing a Dec position
Bought to close $AAOI Dec 15 30 puts @ .05. Sold for 1.60 on 9/25.
Slowly starting to sell DUST calls
Sold $DUST Jan 18 2019 50 call @ 4.10 (highest strike)
You’d think Rocket Man
Would have an affect for more than 30 minutes. But the honey badger market just keeps pushing on.
No expirations today
But I did execute a few rollouts:
Rolled $AAOI Nov 24 75 puts out to Dec 15 75 puts @ 1.13 credit
Rolled $AMZN Dec 22 1160 call (covered) up and out to Jan 19 1180 call @ 3.03 credit
Rolled $AMZN Jan 5 1165 call (covered) up and out to Feb 1220 call @ 5.34 credit
I had a meaningful Thanksgiving. I hope you all did as well. Have a great rest of your weekend.
AMZN covered call roll
Rolled $AMZN Dec 15 1150 call up and out to Jan 5 (weekly) 1165 call for 2.99 credit. Continuing to roll for credits but now if I get called away the gain gets pushed into next year.
Rolling SVXY
Another roll on the helium ETF.
$SVXY Jan 19 112.50 calls out to Mar 16 123 calls for 1.11 credit.
Rolling SVXY
Rolled $SVXY Jan 110 calls up and out to Mar 118 for 1.76 credit
Options Expiration for Nov 17
$ADBE Nov 17 175 puts
$CELG Nov 17 90 puts
$EXPE Nov 17 120 puts
$SVXY Nov 17 65 puts
$UVXY Nov 17 21.50 calls
$UVXY Nov 17 50 calls
$UVXY Nov 17 60 calls
$UVXY Nov 17 70 calls
Market is looking tired. Let’s see what happens over the next couple of weeks after it becomes apparent that there won’t be any tax reform this year.
Have a great weekend everyone.
$CMI #FallingKnife Sold $CMI Jun…
$CMI #FallingKnife
Sold $CMI Jun 15 2018 120 put @ 1.60 with the stock at 159.86 and right at the 200 day moving average.
EDIT: Added a Mar 16 2018 135 put @ 1.65
$NWL Adding
Sold $NWL Jun 15 2018 23 put @ 1.35.
Put ladder is now:
Mar 26
Jun 25
Jun 23
$EWY rollout
Been adjusting this position since I put it on in late September. Originally a Nov 62/71 strangle but with the move up I rolled the puts a couple of times and ended up going inverted into a 72 put/71 call strangle. I just rolled this position out a month to Dec and widened the strikes back to a normal strangle for a credit.
Rolled $EWY Nov 17 71/72 inverted strangle out to $EWY Dec 15 70/71 strangle @ .78 credit.
With EWY just under 75 there’s some room here if the South Korean markets get spooked.
$CAT #CoveredPuts Sold against my…
$CAT #CoveredPuts
Sold against my short stock position:
STO $CAT Dec 29 128 puts @ 1.41.
Strike price is below the 50 day moving average.
$SVXY adding slowly
Sold $SVXY Dec 29 70 put @ 2.10
$UVXY 2020
Dipping a toe into 2020 here to get something on the books at the highest strike. Will wait for more strikes to be added before selling more.
Sold $UVXY Jan 17 2020 33 call @ 10.00.
#VXXGame
SVXY Dec
Sold $SVXY Dec 15 70 put @ 1.30
UVXY for this week
Sold $UVXY Nov 17 21.50 calls @ .25
Starting a position in TTD
Never traded this one before. Stock has imploded but momentum seems to be slowing.
Sold $TTD Dec 15 45 puts @ 1.45 with the stock at 47.79.
Nov 10 Expiration
Just one today, with no assignments.
Expired: UVXY Nov 10 25 calls
Is there really less than 2 weeks until Thanksgiving?
#VXXGame trades Sold: $UVXY Dec…
#VXXGame trades
Sold:
$UVXY Dec 22 30 call @ 1.10 (highest strike)
$SVXY Dec 22 65 put @ 1.20
Markets–a change in character?
Still 30 minutes to go, but is this finally a day where stocks aren’t being bought into the close? Hasn’t happened much recently.
Ready to GUSH?
Down a bit today, but as expected the recent run-up has opened up some new strikes (up to 45 in Nov, Dec and Jan, and 44 in Mar and Jun).
Looks like you could sell calls at the highest strike in June (44) for at least today’s high or more. I’m not jumping in yet–that is still more than 7 months away and if there’s a prolonged move up in oil that strike could be taken out quickly on a 3x ETF. If this move in oil turns out to be a big head fake then I will have missed the opportunity. I think I’d feel more comfortable waiting for something like Dec 45s to sell for more than 1.00.
As always, I reserve the right to change my mind. 🙂
$TRIPped Up
Sold $TRIP Mar 16 27 put @ 1.45.
#FallingKnife
Rolling AMZN
Rolled $AMZN Nov 17 1120 covered call up and out to Dec 22 1160 call @ 3.46 credit.
Options Expiration for 11/3
$AMZN Nov 3 1125 calls (covered)
$CMG Nov 3 260 puts
$STMP Nov 3 170 puts
$SVXY Nov 3 74 puts
$TSLA Nov 3 270 puts
$UVXY Nov 3 18 calls
No assignments this week.
Thanks to Iceman for the great trade ideas on CMG, STMP and TSLA.
Have a great weekend everyone.
Closing FB
Taking this earnings trade off for better than 70% of the profit instead of waiting another two weeks for expiration.
Bought to close $FB Nov 17 170 puts @ .47. Sold for 1.65 on 11/1.
AAPL beats
EPS $2.07 beats by $0.20.
Revenue $52.6B beats by $1.81B.
Stock is popping.