Sold $CMG Jan 19 350 call @ 3.00

Bought to close $AAOI Dec 15 30 puts @ .05. Sold for 1.60 on 9/25.

Sold $DUST Jan 18 2019 50 call @ 4.10 (highest strike)

Would have an affect for more than 30 minutes. But the honey badger market just keeps pushing on.

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.

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.

Another roll on the helium ETF.
$SVXY Jan 19 112.50 calls out to Mar 16 123 calls for 1.11 credit.

Rolled $SVXY Jan 110 calls up and out to Mar 118 for 1.76 credit

$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.

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.

Sold $SVXY Dec 15 70 put @ 1.30

Sold $UVXY Nov 17 21.50 calls @ .25

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.

Just one today, with no assignments.
Expired: UVXY Nov 10 25 calls

Is there really less than 2 weeks until Thanksgiving?

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.

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. 🙂

Rolled $AMZN Nov 17 1120 covered call up and out to Dec 22 1160 call @ 3.46 credit.

$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.

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.

EPS $2.07 beats by $0.20.
Revenue $52.6B beats by $1.81B.
Stock is popping.

Sold $CYBR Dec 15 45 calls @ 1.60.
Continuing to work basis down since taking assignment on this a little more than a year ago. With this sale, basis would be 44.80 if called away at 45.

Closed the last of my positions in this ticker at .05. Was a nice run starting in July, and now completely out of it. Not sure if we’ll get another shot at this one anytime soon.
Bought to close $DRIP Dec 15 35 calls @ .05. Sold for 3.58, 4.00 and 5.00 from 6/7-6/21.

Going outside the expected move and selling puts (in the Nov monthly series) at a level where I wouldn’t mind owning the stock. Basis would be 168.35.
Sold $FB Nov 17 170 puts @ 1.65.

Would you stay down into the close this time please?

That is all.

I have GTC orders for .05 on my remaining positions. This one got filled today.
Bought to close $DRIP Dec 15 40 call @ .05. Sold for 2.80 on 7/5.

To thin the herd a bit before upcoming earnings.
Bought to close $AAOI Nov 30 puts @ .66. Sold for 1.20 on 9/20.

Sold $ALXN May 18 2018 90 put @ 1.90
I’m also short Jan 85 and 60 puts.

Helluva intraday reversal. After opening down over 12 points, at 190, it’s now around 209, with a bullish candle that is engulfing the last 3 trading days. I’m still short 220 puts in Nov from a rollout which are underwater but looking quite a bit better than a couple of hours ago.

Sold $GWW Nov 17 185 puts @ 2.00, against the short Nov 17 200 calls I’m holding that have gone back in the money with the stock looking strong again today.

Sold:
$CELG Dec 15 90 puts @ 2.00
$CELG Apr 20 75 puts @ 1.55

Been deep in the money for a while but I’m able to continue rolling this at the same strike, collecting a credit.
Rolled $M Nov 17 27 puts out to Dec 15 27 puts for .35 credit. Total premium taken in so far is 2.25 so my cost basis is down to 24.75.

Going really slowly here.
Sold $SVXY Dec 1 60 put @ 1.30.

Sold $BA Nov 17 245/265 strangle @ 3.42 with the stock at 255.25. IVR is 57.

Sold $WHR Dec 15 145 puts @ 1.15

I love selling puts on big downdrafts in this stock.
Sold $WHR Apr 20 2018 120 puts @ 1.50 with the stock at 163.55.

Bought to close:
$UVXY Jan 19 2018 82 call @ .72. Sold for 12.10 on 8/11.
$UVXY Jan 19 2018 91 call @ .64. Sold for 8.95 on 8/17.
$UVXY Mar 16 2018 82 call @ 1.39. Sold for 14.00 on 8/11.
$UVXY Mar 16 2018 91 call @ 1.24. Sold for 7.00 on 9/5.
$SVXY Dec 15 2017 25 puts @ .19. Sold for .70 on 6/29.
$SVXY Dec 15 2017 40 put @ .54. Sold for 2.10 on 8/10.
$SVXY Dec 15 2017 50 put @ .83. Sold for 3.30 on 8/9.
$SVXY Jan 19 2018 30 puts @ .61. Sold for 3.20 on 1/26.

After testing 100 this morning.
Un-be-****lievable.

Taking advantage of the still high IV (IV rank is 63) to sell some Dec puts into this huge down move.
Sold $UAL Dec 15 55 puts @ 1.25.

Been battling this trade since I put it on. Originally a 175/195 strangle for tomorrow’s expiration. I rolled the put side up twice, ending up with a 195 straddle. With today’s down move I decided to take it off for an overall small profit (.27 per contract) and move on. Who knows what today will bring.
Bought to close $NVDA Oct 20 195 straddle @ 3.90.

With the stock finally starting to show some weakness, I closed the hedge (short Oct 200 puts) I originally sold against Oct 200 calls which I rolled to Nov earlier. Small profit.
Bought to close $GWW Oct 20 200 puts @ .45. Sold for .70 on 10/17.

With the continued move up, I rolled the Oct 200 calls out to Nov for 2.72 credit. I’m leaving the Oct 200 put hedge to potentially expire on Friday.

Sold $GWW Oct 20 200 calls @ 1.40. Expires Friday.

Continuing to adjust the position. Rolled $NVDA Oct 20 185 puts up to 195 for 1.28 credit, with the stock now at 197.86. This is paired with 195 calls from the original trade (175/195 strangle) which expires on Friday. With rollups, I’ve taken in 4.17 in premium so breakevens are 190.83 and 199.17.

With most of the time value gone, I rolled my deep in the money $AAOI Oct 20 75 puts out to Nov 24 75 puts (weekly series) for 1.50.

This one is gonna be on the books for a while.

Bought to close $NUGT1 (pre-split strike) Dec 15 19.00 calls @ .04. Sold for .85 on 5/17.

A total bonehead move. I was putting bids in to close a bunch of positions that were mostly profitable and I mistakenly closed this one that, had I waited 2 more weeks, would have become a long term capital gain. I was toying with the idea of leaving January positions on to defer taxes to 2018 but I changed my mind, and for some reason I wasn’t paying attention to this one. Of course none of my others got filled so I guess I deserved it 🙂
Bought to close $NUGT1 (pre 1:4 reverse split) Jan 19 2018 52 calls @ .04. Sold for 2.50 on 10/19/16.

I’ll still look to take positions off that are less than double the current price (i.e., with NUGT at 35, I will look to close Jan 58 calls, Jan 66 calls and Mar 60 calls). I’d like to clear those out to make room for potential sales if gold were to spike over the next couple of months. Quite a few potential stimuli out there for a gold rally.

Putting on a position at the highest strike in Feb.
Sold $KOLD Feb 16 2018 55 call @ 2.40

Borrowing an idea from TastyTrade
Sold $NVDA Oct 20 175/195 strangle @ 2.13 with the stock at 186.24

Still elevated IV (IVR 72) so selling some premium in Nov.
Sold $COST Nov 17 150 puts @ 1.70. Delta is 25.

Bought to close $MYL Oct 20 32.50 puts @ .04. Sold for 1.10 on 4/3.

Into market strength. I still have other positions in these months.
Bought to close:
$UVXY Nov 17 80 calls @ .29. Sold for 3.20 and 3.70 on 9/5.
$UVXY Dec 15 82 call @ .85. Sold for 11.00 on 8/11.

Took some December positions off for most most the profit. Frees up some buying power.
Bought to close:
$NUGT Dec 15 58 calls @ .38. Sold for 4.30 on 5/24, 5.00 on 6/6, 2.00 on 8/28.
$NUGT Dec 15 60 calls @ .34. Sold for 2.10 on 8/31.
$NUGT Dec 15 63 call @ .27. Sold for 2.80 on 9/7.

Position is now profitable after spending months in the red. With the stock now just above the strike and still almost 3 weeks to go until expiration I decided to take it off for near 60% of the profit before it changes its mind.
Bought to close $FLR Oct 20 42.50 puts @ .59. Sold for 1.40 on 5/5.

I already have some positions on in CMG but this one seemed tempting with IV as high as it is (IVR is 88)
Sold $CMG Oct 20 275 puts @ 2.05
Delta is 15

Continuing to lighten up on mostly profitable positions.
Taking $BBY Oct positions off for most of the max profit.
Bought to close:
$BBY Oct 20 52.50 puts @ .23 (sold for 1.46 on 8/29)
$BBY Oct 20 50.00 puts @ .08 (sold for 1.00 on 8/29)

Taking positions off for most of the profit to trim back size in this ticker.
Bought to close:
$NUGT Oct 20 50 calls @ .07. Sold for 1.30 on 8/28
$NUGT Nov 17 60 calls @ .15. Sold for 1.30, 1.45 and 1.75 from 8/31 – 9/5
$NUGT Nov 17 63 calls @ .12. Sold for 1.55 on 9/7

I was reading a discussion below about rich premiums in $AAOI and what that could mean in terms of someone gunning for the company or some other piece of news that the options market may be pricing in. While I believe in the company’s long term prospects (as of now at least), short term it would be unwise of me if I didn’t lighten up some more in this. So I took off two positions today:
Bought to close $AAOI Sep 29 65 puts @ 1.50. This was a rollout, sold 5.79 on 8/17. Overall profit of 1.12 per contract.
Bought to close $AAOI Oct 20 50 puts @ 1.15. Sold for 2.40 on 8/28.

I’m still short Oct 65 and 75 puts from previous rollouts–I may take the 65s off before the end of the day.

I’m also short Nov and Dec 30 puts which are at much safer levels.