SVXY: Adding to 5/26 at a lower strike

Sold $SVXY May 26 70 put @ 1.20

More UVXY

Sold $UVXY Apr 28 39 calls @ .60. Highest strike.
#VXXGame

Added at highest strike:
Sold $UVXY May 12 30 call @ 2.10
Sold $UVXY May 5 39 calls @ .85

Added some more:
Sold $UVXY Apr 21 30 calls @ .53

#VXXGame trades Sold $SVXY May…

#VXXGame trades
Sold $SVXY May 26 75 put @ 1.25
Sold $UVXY May 26 30 call @ 2.20 (highest strike)

#OptionsExpiration for 4/7 $SVXY 04/07/2017…

#OptionsExpiration for 4/7
$SVXY 04/07/2017 130 puts
$UVXY 04/07/2017 19 calls
$UVXY 04/07/2017 30 calls

No assignments.

Reducing SVXY

Following Iceman’s lead, I’m closing some positions to reduce exposure, while making some room for opportunities that may arise from further volatility.
Bought to close $SVXY Apr 21 95/155 strangles for .60. Sold for 2.73 on 3/13.

PII Puts

Sold $PII May 19 70 puts @ 1.05. I’ve had pretty good success selling out of the money puts on this when it sells off. Stock at 79.89. Strike price below the September low.

Slowly selling some UVXY calls

$UVXY Jun 16 45 calls @ 1.02
#VXXGame

Sep NUGT calls

Sold $NUGT Sep 15 18 calls @ 1.08. Highest strike in September.

AMZN #CoveredCalls Sold $AMZN May…

AMZN #CoveredCalls
Sold $AMZN May 19 1,000.00 call @ 10.00.

Closing XOP

Bought to close $XOP May 19 34 puts @ .34 (sold for .90 on 3/28). I thought I would have to hold these longer, but over 60% of the profit in 1 week is a gift. Taking it and running like a thief in the night.

NVDA May puts

Adding to my position. Sold $NVDA May 19 90 puts @ 1.75.

#shortputs

Reinitiating a strangle in IWM

I closed the April strangle last week. Putting one on for May with a bit of a bearish bias.
Sold $IWM May 19 130/140 strangle 2.76 with the underlying at 136.30. Just as with April, I will look to take this trade off for at least 50% of max profit.

Closing WHR

Bought to close $WHR Jun 16 130 puts @ .40. Sold for 1.34 on 1/27.

$MYL #FallingKnife Sold $MYL Oct…

$MYL #FallingKnife
Sold $MYL Oct 20 32.50 puts @ 1.10

#OptionsExpiration for 3/31 Expiring: $DUST…

#OptionsExpiration for 3/31
Expiring:
$DUST 03/31/2017 41.00 calls
$SVXY 03/31/2017 115.00 puts
$UVXY 03/31/2017 28.00 calls
$UVXY 03/31/2017 33.50 calls

No assignments this week.

UVXY–threw one out there

Sold $UVXY May 12 27.50 calls @ 1.13. Highest strike.
#VXXGame

Closing SVXY, UVXY

Taking off some short volatility positions at near max profit.
Bought to close $SVXY Apr 13 85 puts @ .05 (sold for .40 on 3/21)
Bought to close $UVXY Apr 21 41 calls @ .04 (sold for 1.57 on 2/23)
#VXXGame

AMZN #CoveredCalls Sold $AMZN Apr…

AMZN #CoveredCalls
Sold $AMZN Apr 21 910 call @ 6.00 with the stock on a tear at 888.63. Delta 28.

More CMG adjustment

Adjusted yesterday to a 4/13 425 straddle. I just rolled the 4/13 425 call out 2 weeks to 4/28 at the same strike for a 6.00 credit. Not expecting earnings until the first week of May. Keeping the 4/13 425 put for now.

Reducing UVXY position in Sep

I added to this position on the volatility spike in late February, doubling my size, so I’m taking the second half off today at a nice profit, to reduce my exposure a bit. Leaving the original position on for now.
Bought to close $UVXY Sep 15 60 calls @ 1.37. Sold for 5.00 on 2/24.
#VXXGame

Closing REGN strangle

Bought to close $REGN Apr 21 350/420 strangle @ 3.25. Sold for 7.12 on 3/14, following @fuzzballl.
Taking the >50% profit off the table and looking to re-establish something in this name.

Closing Sep CMG

Bought to close $CMG Sep 15 put @ 5.39. Sold for 15.00 on 2/6. Taking the position off for around 65% of the premium received, 5 1/2 months early.

Adjusting CMG strangle

With the stock decisively breaching the short strike of the Apr 13 375/425 strangle, I rolled the put up to 425 for a 4.00 credit, creating a straddle.

Taking IWM off

Closed position for 57% of max profit.
Bought to close $IWM Apr 21 132/142 strangles @ 1.07. Sold for 2.51 on 3/6.

XOP puts

Sold $XOP May 19 34 puts @ .90. Looking at yesterday’s low as a potential short term bottom.

#shortstrangles

$SVXY Reducing some short put exposure

Bought to close $SVXY Apr 7 86.50 puts @ .15. Sold for 2.05 on 2/24.

Closing some DUST positions

Taking these off the table instead of waiting until April for the last .05 or .10. Bought to close:
$DUST Apr 21 53 calls @ .10. Sold for 1.20 on 2/27.
$DUST Apr 21 55 calls @ .05. Sold for 2.03 on 3/3.
$DUST Apr 28 60 calls @ .10. Sold for 1.00 on 3/14.

#VXXGame trades Sold: $UVXY Jan…

#VXXGame trades
Sold:
$UVXY Jan 19 2018 60 call @ 4.70 (highest strike)
$UVXY Jan 18 2019 60 call @ 6.15 (highest strike)
$SVXY May 19 65 puts @ 1.10

#OptionsExpiration for March 24 $NUGT…

#OptionsExpiration for March 24
$NUGT 03/24/2017 17.50 calls
$SVXY 03/24/2017 95.00 puts
$SVXY 03/24/2017 115.00 puts
$UVXY 03/24/2017 45.00 calls

No assignments.

Have a great weekend everyone.

UVXY calls

Sold May 5 32 calls @ 1.85. Highest strike.

SVXY Sep

Sold $SVXY Sep 15 55 puts @ 1.60

Closing DUST

Following Iceman’s lead and put in closing orders for a bunch of March and April calls at .05. This one just filled:
Bought to close $DUST Apr 13 55 calls @ .05. Sold for 1.70 on 3/6.

NVDA May

Sold $NVDA May 19 90 puts @ 1.40 with the stock at 106.60. Delta is 14.

#VXXGame trades Sold the following:…

#VXXGame trades
Sold the following:
$UVXY Apr 28 35 calls @ .75 (highest strike)
$SVXY Mar 31 115 puts @ 1.30
$SVXY Apr 28 90 puts @ 1.35

$UVXY Adding some weeks in…

$UVXY Adding some weeks in April I didn’t have exposure in
Sold $UVXY Apr 7 30 calls @ .32
Sold $UVXY Apr 13 30 calls @ .42
#VXXGame

DIA Covered Puts

Sold these against my short position.
STO $DIA May 19 195 puts @ 1.19

UVXY May

Sold May 19 30 calls @ 1.70. Highest strike.

SVXY May

Sold $SVXY May 19 85 puts @ 1.65
#VXXGame

EWW adjustment

Rolled in the money April $EWW short 49 calls out to May for .56 credit. I have short puts against this that have been rolled as EWW has risen. Now short April 47 puts against the May 49 calls. Will either roll the puts up again in April or out to May.

#OptionsExpiration for 3/17 Expiring: $DIA…

#OptionsExpiration for 3/17
Expiring:
$DIA 03/17/2017 200.00 puts
$DUST 03/17/2017 41.00 calls
$DUST2 03/17/2017 12.00 calls (pre-split strike)
$NFLX 03/17/2017 135.00 puts
$NUGT 03/17/2017 15.00 calls
$NUGT 03/17/2017 16.00 calls
$NUGT 03/17/2017 52.00 calls
$NVDA 03/17/2017 100.00 puts
$NVDA 03/17/2017 110.00 calls
$SVXY 03/17/2017 35.00 puts
$SVXY 03/17/2017 50.00 puts
$SVXY 03/17/2017 100.00 puts
$UVXY 03/17/2017 60.00 calls
$CLF 03/17/2017 13.00 calls (covered)
$TWLO 03/17/2017 32.00 calls (covered)

Assignments (stock being called away)
$TWLO 03/17/2017 30.50 calls

Have a great weekend everyone.

Rolling in the money TWTR short puts

Rolled today’s 16 puts out to April 16 puts for .23 credit
#Rolling

Rolling up put side on $EWW strangle

With the call side of my April 43/49 strangle getting breached, I rolled up the put side to around 20 delta for .33 credit. Quite a move in the peso the last 2 days.

NUGT calls

Sold some calls in January on the move up in gold.
Sold $NUGT Jan 19 2018 30 calls @ 1.00.

#FallingKnife trade on TGT Sold…

#FallingKnife trade on TGT
Sold $TGT Oct 45 puts @ 1.11 with the stock at 54.71.
Strike price at a level last seen by the stock in late 2009.

DUST calls

Sold $DUST Apr 28 60 calls @ 1.00. Highest strike.

USO puts

Borrowed an idea from TastyTrade.
Sold $USO Apr 21 9.50 puts @ .21

Closing some NUGT positions

Taking these off instead of waiting another month or two for the last few pennies.
Bought to close $NUGT Apr 21 20 calls @ .03 (sold for .76 on 2/2 and .80 on 2/6)
Bought to close $NUGT May 19 26 calls @ .04 (sold for .80 on 2/8)

GILD #FallingKnife Sold $GILD Jan…

GILD #FallingKnife
Sold $GILD Jan 19 2018 47.50 puts @ 1.14
Creates a put ladder with Oct 55 puts

Closing TMUS

Bought to close TMUS Mar 17 60 straddle @ 3.20. Sold for 4.30 on 2/15.
My goal was to take this off at 25% of the profit so I’m sticking to the plan.

IWM strangle

Sold $IWM Apr 21 132/142 strangles @ 2.51 with IWM at 137.57. Delta of the puts is 25; delta of the calls is 27.

DUST calls

Sold $DUST Apr 13 55 calls @ 1.70. Highest strike in the 4/13 weekly series.

#OptionsExpiration For March 3 Only…

#OptionsExpiration
For March 3

Only 2 today:
$CAT 03/03/2017 87 puts (covered)
$SVXY 03/03/2017 80.00 puts

No assignments.

DUST calls

Sold $DUST Mar 31 50 calls @ 1.10. Highest strike.

PANW puts

Making a small bet that this morning is the worst of it. Sold $PANW Apr 21 105 puts @ 1.60.

KMX puts

Not a #FallingKnife trade but it has that feeling.
Sold $KMX Jul 21 52.50 puts @ 1.26 with the stock at 64.39.
I like this stock long term so I would likely take assignment in July in the event it drops another 20% by then.

DUST calls

Sold $DUST Apr 7 (weekly) 50 calls @ 1.12 and 1.13. This is the new highest strike in 4/7.

EWW–booking profit and re-establishing

Bought to close $EWW Mar 17 42/48 strangles @ .38. Sold for 1.13 on 1/24.
Initiating a position in April:
Sold to open $EWW Apr 21 43/49 strangles @ 1.13

$DUST calls

Sold the following on the spike:
$DUST Apr 21 53 calls @ 1.38
$DUST Mar 31 41 calls @ 2.24
$DUST Mar 17 41 calls @ 1.20

Some #VXXGame trades Sold $UVXY…

Some #VXXGame trades
Sold $UVXY 9/15 60 calls @ 5.00. Highest strike.
Sold $SVXY 4/7 86.50 puts @ 2.05. Lowest strike.

TRIP #FallingKnife Sold $TRIP Jun…

TRIP #FallingKnife
Sold $TRIP Jun 16 40 puts @ 1.35

CRI puts

$CRI #ShortPuts Sold Jun 16 70 puts. Delta of 14. Stock hasn’t been at the strike price since July 2014.

#OptionsExpiration for Feb 17 Expiring:…

#OptionsExpiration for Feb 17
Expiring:
$DUST 02/17/2017 75 calls
$IWM 02/17/2017 130 puts
$IWM 02/17/2017 140 calls
$SVXY 02/17/2017 55 puts
$SVXY 02/17/2017 75 puts
$TLT 02/17/2017 117 puts
$TLT 02/17/2017 122 calls
$UNH 02/17/2017 150 puts
$UPS 02/17/2017 103 puts
$CYBR 02/17/2017 55 calls (covered)

Assignments:
Going long stock
$TWTR 02/17/2017 23 puts
Stock being called away
$MBLY 02/17/2017 44 calls

Have a great long weekend everyone. Should be a beautiful weekend in Los Angeles. I’ll be heading the store soon if I can find my kayak 🙂

Some #VXXGame trades Sold $UVXY…

Some #VXXGame trades
Sold $UVXY Mar 24 45 calls @ .60
Sold $UVXY Sep 15 60 calls @ 4.00

VIX moved up into the close

Sold $SVXY Jun 16 60 puts @ 1.41
#VXXGame

TMUS straddle

Borrowing an idea from a Tasty Trader. IV rank is still high at 59 (earnings were yesterday).
Sold $TMUS Mar 17 60 straddle @ 4.30 credit with the stock at 61.06. Looking to take 25% out of this trade. Breakevens are 56.76 and 65.36.

Interesting divergence

Between the market and the VIX.

CLF #CoveredCalls Sold $CLF Mar…

CLF #CoveredCalls
Sold $CLF Mar 17 13.00 calls @ .52-.54

#OptionsExpiration for 2/10 Only 2…

#OptionsExpiration for 2/10
Only 2 expirations this week (both earnings trades–thanks @jeffcp66)
$ATVI 02/10/2017 36.00 puts
$NVDA 02/10/2017 108.00 puts

No assignments.

Have a great weekend everyone.

Adding to Jan SVXY call position

Sold $SVXY Jan 19 2018 240 call @ 4.50. This is now the highest strike in Jan.

Going short bonds via

Out of the money short calls in March.
Sold $TLT Mar 17 126 calls @ .61 with TLT at 122.05.

Adding some NUGT calls

Sold $NUGT May 19 26 calls @ .80. Highest strike (with NUGT currently at 13.34).

GILD #FallingKnife Sold $GILD Aug…

GILD #FallingKnife
Sold $GILD Aug 18 55 puts @ 1.32

SIG #FallingKnife Adding a ladder…

SIG #FallingKnife
Adding a ladder rung to my July 55 puts:
Sold $SIG Apr 21 60 puts @ 1.20.

Getting back on the NUGT call train

Sold $NUGT Jun 16 24 calls @ 1.20. Highest strike.

CMG put

Sold $CMG Sep 15 350 put @ 15.00. Strike price is below the November low, and at a price the stock has not been since June, 2013. I’ll buy the stock at a cost basis of 335.00 if it ends up going down that far. But more likely, I’ll look to close the position many months early for more than 50% of the premium.