Sold $COST 7/21 165 calls @ 1.57, to bring in premium against the 160 puts I sold last week.
Author Archives: Ramie
TSLA strangle
Borrowed an idea from one of the TastyTraders.
Sold $TSLA Jul 21 325/430 strangle @ 5.40
Adding some Aug DRIP
Sold $DRIP Aug 18 35 calls @ 1.61 and 1.64. Highest strike.
NUGT Aug
Sold $NUGT Aug 18 45 calls @ .90. Highest strike.
CMG adding
Sold $CMG Aug 18 355 puts @ 2.50. Lowest strike.
IWM put rollup
$IWM Rolled July 134 puts up to 137 puts for .44 credit. This is the put side of a strangle with 140 calls. Original position was 130/140, then rolled to 134/140, and now it’s 137/140.
#OptionsExpiration for 6/16 $AAOI 06/16/2017…
#OptionsExpiration for 6/16
$AAOI 06/16/2017 55 puts
$AMZN 06/16/2017 1020 calls (covered)
$DUST 06/16/2017 65 calls
$NVDA 06/16/2017 170 calls
$NVDA 06/16/2017 162.50 calls
$QQQ 06/16/2017 132 puts
$QQQ 06/16/2017 133 puts
$SVXY 06/16/2017 175 calls
$SVXY 06/16/2017 68 puts
$SVXY 06/16/2017 85 puts
$SVXY 06/16/2017 90 puts
$SVXY 06/16/2017 95 puts
$SVXY 06/16/2017 125 puts
$SVXY 06/16/2017 130 puts
$TSLA 06/16/2017 300 puts
$TWLO 06/16/2017 23 puts
No assignments.
Have a great weekend everyone.
COST July
Sold $COST Jul 21 160 puts @ 1.32
Getting out of the zone
Well at least some of it.
Bought to close $AZO 7/21 550 put @ 1.30. Sold for 4.50 on 5/23.
Taking my 70%+ profit and freeing up some margin. Still short Sep 480 and Dec 500.
More DRIPping
Adding to highest strike at a higher premium
Sold $DRIP 9/15 35 call @ 2.25
Sold $DRIP 12/15 35 call @ 4.00
UVXY calls
Sold at the highest strike
$UVXY Jul 14 20 calls @ .60
$UVXY Jul 28 20 calls @ .80
$SNAP Short leash trade
Sold $SNAP Jul 21 17 puts @ .70.
Strike is below the all-time low from a couple of days ago.
SVXY puts
Sold:
$SVXY Jun 30 102 puts @ 1.10
$SVXY Jul 7 95 puts @ 1.20
NVDA puts
Sold in 2 IRA accounts:
$NVDA Jul 21 130 puts @ 2.40. If this continues down and I get assigned I will hold it long term with a cost basis of 127.60.
$SVXY Jul 14
Sold $SVXY Jul 14 85 puts @ 1.05
TAP #FallingKnife I just noticed…
TAP #FallingKnife
I just noticed that I got a fill on this trade.
Sold $TAP Jan 19 70 puts @ 1.30.
More DRIP
Sold at the highest strikes:
Jul 21 30 calls @ 1.35
Dec 15 35 call @ 3.58
NUGT adding
Adding to Jan position at the highest strike.
Sold $NUGT 1/19/18 58 call @ 6.50.
NUGT calls
Sold $NUGT Jan 19 58 calls @ 5.50. Highest strike.
SVXY puts
Sold $SVXY Jul 21 90 puts @ 1.30
ORLY puts
Sold $ORLY Jul 21 220 puts @ 2.00
#OptionsExpiration for 6/2 $SVXY 06/02/17…
#OptionsExpiration for 6/2
$SVXY 06/02/17 75 puts
$SVXY 06/02/17 143 puts
No assignments.
Rolling up untested side of IWM strangle
Just sold a $IWM July 130/140 strangle on Wednesday and already the call side has been breached at 140.13. Rolled the 130 puts up to 134 for .51 credit.
Selling puts on SNI
Might qualify as a #FallingKnife type trade. Getting some more exposure in the media space.
Sold $SNI Dec 15 55 puts @ 1.22-1.25
DRIP experiment
Have never traded the triple-leveraged oil ETFs ($GUSH and $DRIP). I figured I would test the NUGT/DUST strategy with a small position, playing for the volatility drag that would be similar to the gold miner ETFs. Highest strike in September is 35 with the stock at 22.03.
Sold $DRIP Sep 15 35 calls @ 1.30.
Setting up IWM in July
Sold $IWM Jul 21 130/140 strangle @ 1.43. Bearish bias with IWM at 136.41.
#OptionsExpiration for 5/26 $SVXY 05/26/2017…
#OptionsExpiration for 5/26
$SVXY 05/26/2017 70 puts
$SVXY 05/26/2017 75 puts
$SVXY 05/26/2017 80 puts
$SVXY 05/26/2017 85 puts
$SVXY 05/26/2017 105 puts
$UVXY 05/26/2017 30 calls
No assignments.
Have a great weekend everyone.
Closing some DUST
Bought to close $DUST Jun 9 47 calls @ .05. Sold for 1.20 on 4/27.
Closing TLT
Taking this position off for near 60% of max profit.
Bought to close $TLT Jun 16 119/125 strangle @ .65. Sold for 1.55 on 5/3.
Will look to re-establish something in July. I may leg into it starting with calls.
ALXN #FallingKnife Sold $ALXN Jan…
ALXN #FallingKnife
Sold $ALXN Jan 19 60 puts @ 1.20. Lowest strike.
TRIP #FallingKnife Sold $TRIP Jan…
TRIP #FallingKnife
Sold $TRIP Jan 18 30 puts @ 1.10 with the stock at 40.76
ALXN #FallingKnife Sold $ALXN Nov…
ALXN #FallingKnife
Sold $ALXN Nov 17 70 puts @ 1.30 with the stock at 105.06
Closing more UVXY calls
Bought to close $UVXY Sep 15 60 calls @ .30. Sold for 4.00 on 2/16.
AAOI selling puts on a rocket ship
Not my typical strategy, but I thought I’d try to get long the stock a couple of weeks ago so I sold some (at the time) near the money 55 puts in June. Those look like they will expire. I may or may not take them off but I’m adding July 55 puts for 2.00. My plan is to take this stock if assigned, not to roll out. I’ll keep trying until I get assigned. In the meantime…
Closing some June UVXY
Taking some risk off for almost full profit into the volatility contraction.
Bought to close:
$UVXY Jun 2 40 calls @ .04. Sold for 1.50 on 4/18
$UVXY Jun 16 50 calls @ .04. Sold for 1.80 on 4/13
$UVXY Jun 16 60 calls @ .04. Sold for 4.00 on 1/30
NUGT calls
Highest strike in September.
Sold $NUGT Sep 15 58 calls @ 2.60.
WFM straddle
Sold $WFM Jun 16 36 straddle @ 1.80 with the stock at 36.36. Breakevens at 34.20/37.80.
CHRW adding at a lower strike
I missed this fill a little earlier.
Sold $CHRW Jan 19 55 puts @ 1.25
#OptionsExpiration for 5/19 $AMZN 05/19/2017…
#OptionsExpiration for 5/19
$AMZN 05/19/2017 970 calls (covered)
$CYBR 05/19/2017 50 calls (covered)
$DIA 05/19/2017 195 puts
$DUST 05/19/2017 45 calls
$NVDA 05/19/2017 90 puts
$PII 05/19/2017 70 puts
$SVXY 05/19/2017 65 puts
$SVXY 05/19/2017 75 puts
$SVXY 05/19/2017 80 puts
$SVXY 05/19/2017 119 puts
$SVXY 05/19/2017 129.50 puts
$SVXY 05/19/2017 135 puts
$SVXY 05/19/2017 136 puts
$SVXY 05/19/2017 137 puts
$SVXY 05/19/2017 138 puts
$TGT 05/19/2017 55 puts
$TWLO 05/19/2017 32 calls (covered)
$UVXY 05/19/2017 30 calls
$XOP 05/19/2017 34 puts
No assignments.
Have a great weekend everyone.
Closing EWZ
Bought to close $EWZ Jun 30 puts @ .28. Sold yesterday for 1.00.
MNK adding Oct
I’m already short 30 puts in January. I might add 25 puts, but for now I’m adding 30 puts in October.
Sold $MNK Oct 20 30 puts @ 1.20.
LULU roll
A missed opportunity to take this off a week ago for less than .20 and a nice profit. Now, it’s a loser that has to be managed.
Rolled $LULU May 52.50 puts out to Jun for 1.20 credit.
Rolling HD
Working basis down on this.
Rolled $HD May 148/150 strangle out to Jun 145/150 strangle for 1.16 credit.
SVXY Sold after the close
$SVXY May 26 105 puts @ 1.10
$SVXY Jun 23 80 puts @ 1.20
$SVXY Jun 9 90 puts @ 1.20
MNK, AKAM adding
Sold $MNK Jan 19 30 puts @ 1.85. Adding to position at a higher premium.
Sold $AKAM Jan 19 37.50 puts @ 1.38. Adding at a lower strike.
SVXY
Sold $SVXY Jun 16 95 puts @ 1.24
UVXY
Sold $UVXY Jul 21 32 calls @ .65. Highest strike.
Sold $UVXY Sep 15 55 calls @ .60
Maybe our volatility is finally here
/ES down 15
/VX around 12.55
Gold up, bonds up
Let’s hope this holds and we can get some #VXXGame trades on and maybe some NUGT trades.
#OptionsExpiration for May 12 $SVXY…
#OptionsExpiration for May 12
$SVXY 05/12/2017 75 puts
$SVXY 05/12/2017 80 puts
$SVXY 05/12/2017 90 puts
No assignments.
Have a great weekend.
$M #FallingKnife Sold $M Jan…
$M #FallingKnife
Sold $M Jan 18 20 puts @ 1.22
$TSCO #FallingKnife Adding a ladder…
$TSCO #FallingKnife
Adding a ladder rung to my short Oct 55 puts.
Sold $TSCO Jan 19 50 puts @ 50 puts @ 1.15.
$M–Didn’t get out of the way
Stupid mistake. I was profitable on short May 19 27 puts, and I didn’t take them off before earnings. I just got pulled away to other things and didn’t get back to it before the market closed. So I’m rolling them to June (same strike) for .63 credit. Brings cost basis down to 25.67.
$TSN #FallingKnife Sold $TSN Jan…
$TSN #FallingKnife
Sold $TSN Jan 19 2018 47 puts @ 1.15
$MNK #FallingKnife Well, this falling…
$MNK #FallingKnife
Well, this falling knife may have found some recent support but still…
Sold $MNK Jan 19 2018 30 puts @ 1.40. It’s never traded anywhere close to this level in the 4 years since its IPO.
SVXY strangle
Sold in June with a bit of a bearish bias:
$SVXY Jun 16 125/175 strangle @ 4.40 with the stock at 155.15
Taking some #VXXGame trades off…
Taking some #VXXGame trades off into the strength
Lightening the load in expirations that I had a heavier presence–bought to close:
$UVXY May 26 40 calls @ .04. Sold for 1.80 on 4/13
$UVXY May 26 42 calls @ .04. Sold for .80 on 4/21
$SVXY Jun 16 60 puts @ .20 Sold for 1.41 on 2/15.
$SVXY Jun 16 64 puts @ .12. Sold for 1.33 on 3/24.
#OptionsExpiration for 5/5 $NVDA 05/05/2017…
#OptionsExpiration for 5/5
$NVDA 05/05/2017 97 puts
$SVXY 05/05/2017 75 puts
$SVXY 05/05/2017 90 puts
$UVXY 05/05/2017 32 calls
$UVXY 05/05/2017 39 calls
$UVXY 05/05/2017 40 calls
No assignments.
Have a great weekend everyone.
Taking off TSLA trade from yesterday
If it’s making 50% of its potential profit in 1 day, it’s coming off.
Bought to close $TSLA Jun 16 250 puts @ .88. Sold for 2.00 on 5/4.
$AKAM #FallingKnife Sold $AKAM Jan…
$AKAM #FallingKnife
Sold $AKAM Jan 19 2018 40 puts @ 1.10 with the stock at 51.87.
Thanks to Iceman for the heads up on this ticker earlier in the week.
$FLR #FallingKnife Sold these on…
$FLR #FallingKnife
Sold these on the post-earnings move down:
$FLR Oct 20 42.50 puts @ 1.40
$FLR Jan 19 40.00 puts @ 1.40
TSLA puts
#ShortPuts Sold $TSLA Jun 16 250 puts @ 2.00. Delta 10.
$DUST #ShortCalls Sold at the…
$DUST #ShortCalls
Sold at the highest strike:
$DUST Jul 21 52 calls @ 2.85
$DUST Dec 15 50 call @ 7.60
Looks like I may have been a bit early.
IWM June strangle
Sold $IWM Jun 16 133/143 strangle @ 2.07
TLT June strangle
Borrowing an idea from a Tasty Trader but tweaking it a bit.
Sold $TLT Jun 16 119/125 strangle @ 1.55 with TLT at 122.22
Selling puts on TWLO
Sold $TWLO Jun 16 23 puts @ 1.00
Anyone playing $AAPL?
Tempted to sell a strangle but always careful that any earnings announcement could have some news that would blast the thing off. Valuation isn’t as good as it was a year ago, but still a reasonable PE (17) for a company projected to grow by 16% over the next 5 years. Sitting on my hands for now.
#Earnings
Closing GILD
$GILD #ShortPuts With earnings tonight the strike very possibly could be safe (55 with the stock at 68.79), but this is a biotech and anything can happen so I’m taking this off for about 75% of the premium received.
Bought to close $GILD Aug 18 55 puts @ .34. Sold for 1.32-1.45 on Feb 8-9.
Closing some UVXY
Reducing short vol exposure.
Bought to close the following:
$UVXY May 12 27.50 calls @ .03. Sold for 1.13 on 3/31.
$UVXY May 12 30 calls @ .03. Sold for 2.10 on 4/11.
$UVXY May 12 40 calls @ .03. Sold for 1.35 on 4/12.
$UVXY May 19 39 calls @ .03. Sold for 1.70 on 3/21.
$UVXY May 19 40 calls @ .04. Sold for 1.00-1.50 on 4/3-4/11.
Have a lot more to go. With the market at these levels I have a quick hook on positions that are getting under .05 to cover.
#VXXGame
DUST Dec calls
Starting small in December, and will wait for higher strikes for further sales.
Sold $DUST Dec 15 50 call @ 6.50
#OptionsExpiration for 4/28 A light…
#OptionsExpiration for 4/28
A light week.
$SVXY 04/28/2017 90 puts
$UVXY 04/28/2017 35 calls
$UVXY 04/28/2017 39 calls
No assignments.
Have a great weekend everyone.
$AMZN #CoveredCall Sold $AMZN Jun…
$AMZN #CoveredCall
Sold $AMZN Jun 16 1020 call @ 5.50
DUST new weeklies
Sold $DUST Jun 9 47 calls @ 1.20. Highest strike.
DUST calls
Sold $DUST May 19 45 calls @ .65. Idea from @optioniceman from yesterday.
$TLT Closing some #ShortCalls Bought…
$TLT Closing some #ShortCalls
Bought to close $TLT May 19 123 calls @ .82. Sold for 2.47 as a rollout (from April 122.50 calls) on 4/18. Net profit per contract of 1.23 for overall position including rollout.
I am also still short a May 120/124 strangle (120 puts had been rolled up from 116) that I will leave on for now but with a few more days of time decay (and TLT calming down) I will look to take that position off as well.
$NUGT Closing position a couple months early
For near minimum value.
Bought to close $NUGT Jun 16 24 calls @ .03. Sold for 1.20 on 2/6.