$AZO patience paying off

For those of us who held longer term short put positions through the painful month of July things could be turning around. Chart has a nice rounded bottom since the gap down on 7/5, with the stock threatening to trade into that gap, now above 540.
I am short:
Aug 520 puts
Sep 480 puts
Dec 500 puts

Replacing $AAOI

I’ve been selling puts on this all the way up the last couple of months, with the intention of taking the stock if assigned. They’ve all either expired or were taken off early for near full profit. Today I closed one more with earnings coming up:
Bought to close $AAOI Aug 11 65 puts @ .70. Sold for 2.40 on 7/17.
Resetting for September to get good premium:
Sold to open $AAOI Sep 15 65 puts @ 3.50.
I guess another way to look at it is rolling out to Sep for 2.80 credit but I’m treating it like a separate trade in September.
The only other position I have on in this name is short Aug 18 55 puts which I’ll keep on over earnings.

$MAT straddle

Borrowing this trade from one of the TastyTraders. He did an iron fly but I went with just the short straddle for more premium and much easier roll ability. Will look to take off at 25% profit.
Sold $MAT Sep 15 20 straddles @ 1.72.

Closing $SNI

Bought to close $SNI Dec 15 55 puts @ .05. Sold for 1.22-1.25 on 6/1.

#OptionsExpiration for 7/28 Expirations: $SVXY…

#OptionsExpiration for 7/28
Expirations:
$SVXY Jul 28 40 puts
$SVXY Jul 28 47.50 puts
$SVXY Jul 28 50 puts
$TSLA Jul 28 245 puts
$TWLO Jul 28 30 calls (covered)
$UVXY1 Jul 28 20 calls (pre-split strike)

Assignments:
$HES Jul 28 49 puts
$HES Jul 28 43.50 calls
This was an inverted strangle that had been rolled/adjusted to bring in premium. The goal was for the stock to finish between the strikes and have both sides assigned and zero each other out.

Have a great weekend everyone.

SVXY puts

Selling some puts to offset all the short calls in January
Sold $SVXY Aug 18 70 puts @ 1.50

$SPX $SPY Bearish engulfing

Be careful.

IWM calls

Looking for a little more air to come out of this.
Sold $IWM Aug 18 144 calls @ 1.00.
Strike price is above the all-time intraday high from Thursday.

#OptionsExpiration for 7/21 Expirations: $AMZN…

#OptionsExpiration for 7/21
Expirations:
$AMZN Jul 21 960 puts
$AMZN Jul 21 915 puts
$DRIP Jul 21 28 calls
$DRIP Jul 21 30 calls
$NFLX Jul 21 190 calls
$NFLX Jul 21 195 calls
$NVDA Jul 21 170 calls
$NVDA Jul 21 140 puts
$QQQ Jul 21 134.50 puts
$QQQ Jul 21 135.00 puts
$SVXY Jul 21 45 puts
$SVXY Jul 21 72.50 puts
$TSLA Jul 21 290 puts
$UAA Jul 21 25 calls (covered)
$ULTA Jul 21 260 calls
$UNH Jul 21 177.50 puts (covered)
$UVXY1 Jul 21 32 calls (pre-split)

Assignments:
$HD Jul 21 155 puts (covered)—will eliminate short stock position

Have a great weekend everyone.

Closing $SWIR

To avoid assignment today if the stock closes below 30.
Bought to close $SWIR Jul 21 30 puts @ .45. Sold for 1.60 on 6/19.

$CMG #FallingKnife Sold $CMG Jan…

$CMG #FallingKnife
Sold $CMG Jan 19 2018 275 put @ 5.70.
Adding to a put ladder which is now Aug 355, Dec 350, Jan 275

Closing Aug DRIP

Because of the lack of liquidity in these options, I usually expect that they’ll go all the way to expiration, but there’s a relatively tighter bid/ask spread in this contract (I use the term loosely for this underlying) so I was able to get out for around 85% of the the max profit. Still have positions in July, Sep and Dec.
Bought to close $DRIP Aug 18 35 calls @ .22. Sold for 1.61-1.64 on 6/21.

$GWW #FallingKnife Adding to December…

$GWW #FallingKnife
Adding to December at a lower strike.
Sold $GWW Dec 15 130 put @ 2.10.

$AMZN #CoveredCalls Sold $AMZN Aug…

$AMZN #CoveredCalls
Sold $AMZN Aug 18 1130 call @ 5.20

Reducing SVXY exposure

I’m only doing this to trim back position size which had gotten too big during the volatility a few weeks ago. Taking these off at a good profit % and making room to sell more on the next volatility spike.
Bought to close:
$SVXY Aug 4 42.50 puts @ .09 Sold for .53 on 7/6
$SVXY Aug 4 45.00 puts @ .05 Sold for .70 on 7/6
$SVXY Aug 4 47.50 puts @ .12 Sold for .73 on 7/5
$SVXY Aug 4 50.00 puts @ .12 Sold for .75 on 6/27
$SVXY Aug 11 42.50 puts @ .10 Sold for .60 on 7/6
$SVXY Aug 18 35.00 puts @ .08 Sold for .53 on 6/29
$SVXY Aug 18 37.50 puts @ .15 Sold for .62 on 5/31
$SVXY Aug 18 40.00 puts @ .17 Sold for .70 on 5/31
$SVXY Aug 18 42.50 puts @ .21 Sold for .90 on 5/31
$SVXY Aug 18 45.00 puts @ .27 Sold for 1.25 on 6/15
$SVXY Sep 15 27.50 puts @ .18 Sold for .80 on 3/23
#VXXGame

#OptionsExpiration for 7/14 $SVXY Jul…

#OptionsExpiration for 7/14
$SVXY Jul 14 85 puts
$SVXY Jul 14 90 puts
$SVXY Jul 14 120 puts
$UVXY Jul 14 20 calls

No assignments.

$SVXY calls

Sold $SVXY Jan 18 2019 330 call for 9.40. Following Iceman.

SVXY call

Following Iceman.
Sold $SVXY Jan 18 2019 330 call @ 8.50.

#OptionsExpiration for Jul 7 $SVXY…

#OptionsExpiration for Jul 7
$SVXY Jul 7 113 puts
$SVXY Jul 7 114 puts
$SVXY Jul 7 114.5 puts
$UVXY Jul 7 13 calls

No assignments. If the rally continues into next week I’m going to look to take off some short SVXY puts at good profit %’s to reduce a bit of exposure. I have a feeling the volatility will be back soon.

DRIP adding in Sep

At the highest strike
Sold $DRIP Sep 40 call @ 2.00

Adding DRIP in Sep

New highest strike (at least new to me–it was added a week or two ago).
Sold $DRIP Sep 15 40 call @ 1.35.

SJM adding

I took the original Iceman #FallingKnife trade (Jan 105 puts) last week. With the continued move down, I sold a lower strike in January.
Sold $SJM Jan 19 2018 100 put @ 1.50

SVXY Sold these near the open

$SVXY Aug 18 85 put @ 1.70
$SVXY Aug 11 85 put @ 1.20
$SVXY Jul 28 100 put @ 1.35
$SVXY Jul 14 120 put @ 1.30

Adding DRIP in December

New highest strike so I’m throwing one out there to get it on the books.
Sold $DRIP Dec 15 40 call @ 2.80.

#contangoetfs, #shortcalls

Closing some NUGT

$NUGT Bought to close Sep 15 58 calls @ .44. Sold for 2.60 on 5/22.

#OptionsExpiration for 6/30 $NVDA 06/30/2017…

#OptionsExpiration for 6/30
$NVDA 06/30/2017 141 puts
$SVXY 06/30/2017 102 puts
$SVXY 06/30/2017 145 puts
$SVXY 06/30/2017 148 puts

Have a great weekend everyone.

ILMN puts

Not much of a #FallingKnife, more like a stumbling knife, but I like to have short premium in this stock whenever the opportunities arise. So…

Sold $ILMN Jan 19 115 puts @ 2.00 with the stock at 173.89

Strike price is below the 3 1/2 year low in the stock (119.37 in December ’16)

Lightening up on ALXN

I got pretty heavy in short puts during the big swoon in May. Taking a couple of positions off for a good profit, just to reduce a bit of exposure.
Bought to close:
$ALXN Aug 18 95 put @ .45. Sold for 2.60 on 3/9.
$ALXN Nov 17 80 put @ .90. Sold for 3.40 on 5/24.
My remaining positions:
Nov 70 puts
Jan 85 puts
Jan 60 puts

$DIA #CoveredPuts Sold these against…

$DIA #CoveredPuts
Sold these against more short position in this ticker:
$DIA Aug 18 205 puts @ 1.56.

SVXY puts

Sold:
$SVXY Sep 15 65 puts @ 1.30
$SVXY Dec 15 50 puts @ 1.40

$SPLS going private

Stock up almost 9%

TWLO #CoveredCalls Sold $TWLO Jul…

TWLO #CoveredCalls
Sold $TWLO Jul 28 30 calls @ 1.30

Closing #VXXGame trades I’m gonna…

Closing #VXXGame trades
I’m gonna start peeling these off if they get down to .05 or less to close and more than a week to go until expiration.
Bought to close $SVXY Jul 7 95 puts @ .04. Sold for 1.20 on 6/12.

Adding some VXX

Sold $VXX Dec 15 33 calls @ .46. Highest strike in Dec.

A couple of volatility trades

Sold $UVXY Dec 15 37 calls@ 1.20. Highest strike.
Sold $SVXY Aug 4 100 puts @ 1.50.

SWKS puts

$SWKS Sold Jul 21 93 puts @ 1.55 with the stock at 98.59

#OptionsExpiration for 6/23 $SVXY 06/23/2017…

#OptionsExpiration for 6/23
$SVXY 06/23/2017 80 puts
$SVXY 06/23/2017 85 puts
$SVXY 06/23/2017 115 puts

Have a great weekend.

Closing July DUST

Getting out of these for .05 or less a month early
Bought to close:
$DUST Jul 21 50 calls @ .05. Sold for 2.50 on 4/27.
$DUST Jul 21 52 calls @ .02. Sold for 2.85 on 5/4.

NUGT adding

Sold $NUGT Aug 18 45 calls @ 1.25. Adding to position at the highest strike.

COST calls

Sold $COST 7/21 165 calls @ 1.57, to bring in premium against the 160 puts I sold last week.

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.

#earnings, #shortstrangles

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.

#contangoetfs

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

#VXXGame

NUGT calls

Highest strike in September.
Sold $NUGT Sep 15 58 calls @ 2.60.