#ShortPuts Sold $CMG Nov 18 350 put @ 5.30. Strike price is well below the 2016 lows.
Author Archives: Ramie
#OptionsExpiration for September 16 A…
#OptionsExpiration for September 16
A lighter than normal monthly expiration for me. I either closed a lot of positions early or rolled them over the last few weeks.
Expiring:
$AMZN 09/16/2016 825 calls (covered)
$AMZN 09/16/2016 850 calls (covered)
$AMZN 09/16/2016 740 puts
$NFLX 09/16/2016 100 calls
$NUGT 09/16/2016 25 calls
$NUGT 09/16/2016 42 calls
$SVXY 09/16/2016 60 puts
$SVXY 09/16/2016 40 puts
$UVXY 09/16/2016 29 calls
$UVXY 09/16/2016 40 calls
$UVXY 09/16/2016 56 calls
$WYNN 09/16/2016 95 puts (covered)
Assignments
$SVXY 09/16/2016 60 calls–some of my stock being called away. I will write more puts on the next move down.
Have a great weekend everyone.
Closing next week’s NUGT calls
Bought to close $NUGT Sep 23 25 calls @ .20. Sold for 1.32 on 9/2.
No sense sticking around for the last .20 with the Fed coming up next week–who knows what will. And if I were in the betting mood I’d be leaning more toward gold and NUGT going up after the Fed (thinking they won’t raise) but I’m not even going there. Can’t make any promises next week though.
Adding DUST call in Jan
Sold $DUST Jan 20 2017 60 call @ 6.20. Highest strike in January.
I am now short the highest strike (60) in Oct, Nov, Dec and Jan with small positions. Hoping we get higher strikes next week.
Closing NUGT puts
To avoid assignment, bought to close $NUGT Sep 16 19 puts @ .95. Sold for 1.18 on 8/25.
Closing SWKS
Bought to close $SWKS Nov 18 50 puts @ .17. Sold for 1.40 on 7/22.
CMG put
Sold $CMG Oct 14 (weekly) 385 put @ 3.00.
Using the expiration before the estimated earnings date. Strike is right at the low from June.
MCK puts
Sold $MCK Jan 20 2017 110 puts @ 1.50–CORRECTED–THIS WAS AN INCORRECT MONTH AND STRIKE
Correct trade: Sold $MCK Nov 18 145 puts @ 1.50
#FallingKnife
MNST puts
MNST puts
Sold $MNST Jan 20 2017 110 puts @ 1.30
Some #FallingKnife flavored trades Sold…
Some #FallingKnife flavored trades
Sold $VRTX Oct 21 75 puts @ 1.30. Stock at 89.39, delta 14.
Sold $WHR Jan 20 2017 120 puts @ 1.35. Stock at 165.30, delta 7.
AAPL Covered Calls
Sold $AAPL Nov 18 120 calls @ 2.07
UVXY Dec
Sold $UVXY Dec 18 55 call @ 4.30. Highest strike.
#VXXGame
Closing covered calls in SVXY
Not much left here so I’m taking this one off and I’ll re-enter when the market moves back up.
Bought to close $SVXY Sep 16 70 calls @.14. Sold for 1.50.
DUSTing off Dec
Sold $DUST Dec 16 60 call @ 4.00. Highest strike.
Nov UVXY calls
#VXXGame Sold $UVXY Nov 18 45 calls @ 2.00. Highest strike.
DUST calls
Sold $DUST Nov 18 60 calls @ 3.02. Highest strike.
$DUST calls
Going the other way on gold, starting small.
Sold $DUST Oct 21 60 calls @ 1.20. Highest strike in Oct.
$TLT adjustment
Bonds are getting creamed so I’m closing my $TLT Oct 21 short 145 calls that I put on 2 days ago for over 70% max profit, rolling the calls down to 140 and adding 130 puts, creating an October 130/140 strangle with TLT now at 135.51.
Bought to close $TLT Oct 21 145 calls @ .19 (sold for .70 on 9/7)
Sold to open $TLT Oct 21 130/140 strangles @ 1.50
$APA #CoveredCalls Sold $APA Oct…
$APA #CoveredCalls
Sold $APA Oct 21 62.50 calls @ 1.44
TLT calls
Reinitiating a short call position I like to put on whenever bonds move up. Sold $TLT Oct 21 145 calls @ .70.
NFLX call rollout
Rolled $NFLX Sep 95 calls up and out to Oct 100 calls for .40 credit. Never thought I’d be happy to be rolling short calls again LOL.
NUGT calls
Sold the following at the highest strikes:
$NUGT Oct 14 (weekly) 35.00 calls @ 1.20
$NUGT Nov 18 46.00 calls @ 1.25
#OptionsExpiration for Sep 2 A…
#OptionsExpiration for Sep 2
A light week.
Expiring:
$NUGT 09/02/2016 17 puts
$SVXY 09/02/2016 59 puts
$UVXY 09/02/2016 58 calls
No assignments.
Have a great, restful long weekend everyone.
Short calls on SVXY
Sold $SVXY Jan 20 2017 100 call @ 4.00
Rolling LULU
Rolled today’s 71 puts out to Sep 16 71 puts for .55 credit.
$LULU put
Sold $LULU Oct 21 65 puts @ 1.20. Creates a ladder with the Sep 70 puts I sold yesterday before earnings. I am also short today’s 71 puts which will I will look to exit for a profit, or let expire if the stock continues its bounce.
$LULU #Earnings trades Broke it…
$LULU #Earnings trades
Broke it up into 2 expirations:
Sold $LULU Sep 2 71 puts @ 1.12
Sold $LULU Sep 16 70 puts @ 1.20
I will likely go long the stock if assigned at a cost basis below 70.
NUGT calls
Sold $NUGT Nov 18 35 calls @ 1.25. Because of all the volatility, if GDX gets back to its high, 3x of this would bring NUGT to around 32 (and that’s if it went straight up which of course it wouldn’t). So selling some calls near the all time high on the thesis that even with a big move back up in gold and the miners to their recent highs, the headwinds on triple-leveraged NUGT will keep it from getting there as well.
NUGT reverse rolls
Executed the following rolls (puts to calls) to get out of the way of this downward spiral.
Rolled NUGT Sep 16 22 puts out to Jan 20 21 calls for .19 credit
Rolled NUGT Sep 16 21 puts out to Dec 16 21 calls for .30 credit
Taking some more NUGT off the table
Bought to close Dec 16 220 call @ 9.00. Sold for 36.00 on 7/5.
$NUGT Rollout
Rolled $NUGT Aug 26 135 puts down and out to Sep 16 125 puts for 2.35 credit.
$NUGT Oct puts
Sold $NUGT Oct 21 90 puts @ 5.70 as a hedge against short calls.
Closing NUGT calls
Bought to close $NUGT Sep 16 250 call @ .65. Sold for 6.00 on 7/27.
#OptionsExpiration for Aug 19 Expiring:…
#OptionsExpiration for Aug 19
Expiring:
$AMZN 08/19/2016 730.00 puts
$CAT 08/19/2016 72.50 puts
$KMX 08/19/2016 57.50 puts
$NFLX 08/19/2016 100.00 calls
$NFLX 08/19/2016 82.00 puts
$NUGT 08/19/2016 135.00 puts
$NUGT 08/19/2016 130.00 puts
$NUGT 08/19/2016 235.00 calls
$SVXY 08/19/2016 45.00 puts
$SWKS 08/19/2016 57.50 puts
$TLT 08/19/2016 137.00 puts (covered by short stock)
$TLT 08/19/2016 145.00 calls
$WYNN 08/19/2016 95.50 puts (covered by short stock)
Assignments:
$CAT 08/19/2016 70.00 calls (going short more stock)
$SVXY 08/19/2016 60.00 calls (small portion of my large long position being called away)
NFLX rollout
Rolled $NFLX short calls up and out for .48 credit.
Bought to close $NFLX Aug 19 95 calls @ 1.57
Sold to open $NFLX Sep 23 100 calls @ 2.05
Closing some NUGT puts
Took this week’s 140 put hedge off for about 50% max profit with NUGT in freefall.
Bought to close $NUGT 8/19 140 puts @ 1.60. Sold for 3.36 on 8/9.
#VXXGame trade in Jan Sold…
#VXXGame trade in Jan
Sold $UVXY Jan 20 2017 60 call @ 4.10. Highest strike.
Closing NUGT strangle
Bought to close $NUGT Aug 19 142/210 strangles @ 1.50. Sold for 4.00 on 8/11. Executing my plan of taking the trade off at 50% of max profit or better.
NUGT put rollup
Rolled $NUGT Aug 19 135 puts up and out to Aug 26 140 puts for 2.91 credit. I’m continuing to bring in premium against my Aug 19 in the money short 130 calls.
NUGT strangle
Sold $NUGT Aug 19 142/210 strangles @ 4.00
NUGT hedge
Sold $NUGT Sep 2 120 puts (delta 10) @ 3.10. This is additional hedging against my large short call position in September.
Another NUGT put rollup
Rolled $NUGT Aug 26 110 puts up to 135 puts for 2.51 credit.
NUGT rollup
Rolled $NUGT Aug 19 125 puts up to 140 puts for 2.10 credit. Went from 7 delta to 18 delta.
Closing this week’s NUGT
Decided to close these positions at a profit and release the buying power. I have plenty of exposure to this ticker so I don’t need to bleed this week’s theta.
Bought to close $NUGT Aug 12 200 calls @ .35 (sold for 1.50 on 7/26)
Bought to close $NUGT Aug 12 155 puts @ 4.10 (sold for 6.30 on 8/2)
Closing NUGT strangle
Taking this week’s strangle off for a small profit. Just taking some risk off since I’m overweight this ticker.
Bought to close $NUGT Aug 5 100/170 strangles @ 5.43. Sold for 5.86 on 7/22.
UVXY calls
Following trade from @optioniceman from yesterday.
Sold $UVXY Aug 12 58 calls @ .24. Highest strike.
Rolling up NUGT put hedge
Rolled Aug 19 110 puts up to Aug 19 125 puts for 2.20 credit.
No expirations this week
First week in a long time, but I closed or rolled everything for this week so nothing is expiring or being assigned.
Have a great weekend!
Jan NUGT call
Sold $NUGT Jan 20 2017 250 call @ 30.00
AMZN covered calls
Sold the following:
$AMZN Sep 16 825 call @ 5.00
$AMZN Sep 16 850 call @ 2.15
NUGT Dec
Sold $NUGT Dec 16 250 call @ 18.50. Highest strike in December.
AAPL beats
On earnings.
Stock up over 4% as of now.
NUGT calls
Replacing the call side of the strangle I just closed, 2 weeks further out and 25 points higher.
Sold $NUGT Aug 12 200 calls @ 1.50
NUGT strangle–closing
Closing this week’s strangle for close to 75% max profit. Don’t want to wait for the last 25% with the FOMC coming up tomorrow.
Bought to close $NUGT Jul 29 105/175 strangles for .85. Sold for 3.10–legged into on 7/20 and 7/21.
#OptionsExpiration for July 22 $UVXY…
#OptionsExpiration for July 22
$UVXY 07/22/2016 25 calls
$UVXY 07/22/2016 30 calls
$CMG 07/22/2016 385 puts
Have a great weekend everyone.
NUGT strangle
Sold $NUGT Aug 5 100/170 strangles @ 5.86. 70 points wide with NUGT at 135.60.
SWKS puts
Initiated a small put ladder on today’s move down:
Sold $SWKS Aug 19 57.50 puts @ .70
Sold $SWKS Nov 18 50.00 puts @ 1.40
CMG #Earnings Sold $CMG Jul…
CMG #Earnings
Sold $CMG Jul 22 385 put @ 4.20.
2 standard deviations away for Friday’s expiration. Strike is right at the June low, about 8% below the current price.
Trimming NUGT
Bought to close $NUGT Aug 12 210 call for 2.00 (sold for 10.00 on 7/5)
Bought to close $NUGT Aug 19 250 call for 1.15 (sold for 7.00 on 7/13)
NUGT short calls
Selling calls to create a strangle with the 105 puts I sold yesterday. Sold $NUGT Jul 29 175 calls @ 1.30.
NFLX covered calls
Continuing to sell calls against my short puts on the move up.
Sold $NFLX Aug 19 100 calls @ .40
NUGT roll
Rolled $NUGT Aug 130 puts down and out to Sep 123 puts for 2.50 credit.
SVXY covered call
Sold $SVXY Jan 20 2017 80 call @ 3.20, against the last lot of my long stock. I am now covered on calls from Aug through Jan with strikes from 60 to 80.
NUGT puts
Selling some more puts into the down move. Proceeding cautiously.
Sold $NUGT Jul 29 105 puts @ 1.80.
Closing WHR
Taking this off at 70% max profit 5 months early.
Bought to close $WHR Dec 12 100 puts @ .40 (sold for 1.35 on 6/27)
NFLX hedge
Not the best day to be selling calls but I’m getting some on the board to begin hedging my short puts. Sold $NFLX Aug 19 95 calls @ .70.
Closing $AAPL
Closing down the remaining short puts in my ladder with most of the profit earned, market near highs and earnings coming up.
Bought to close $AAPL Aug 19 87.50 puts @ .19 (sold for 1.44 on 6/17)
Bought to close $AAPL Sep 16 85 puts @ .31 (sold for 1.70 on 6/24)
#OptionsExpiration for July 15 $AAPL…
#OptionsExpiration for July 15
$AAPL 07/15/2016 92.50 puts
$CELG 07/15/2016 85.00 puts
$CMG 07/15/2016 365.00 puts
$CNX 07/15/2016 15.00 puts
$DUST 07/15/2016 33.00 calls
$ETE 07/15/2016 13.00 puts
$IBB 07/15/2016 240.00 puts
$NUGT 07/15/2016 140.00 puts
$NUGT 07/15/2016 170.00 calls
$PANW 07/15/2016 115.00 puts
$SVXY 07/15/2016 49.00 puts
$TLT 07/15/2016 140.00 calls
$TLT 07/15/2016 144.00 calls
$UVXY 07/15/2016 32.00 calls
$WYNN 07/15/2016 90.00 puts (covered by short stock)
Closing SWKS
Bought to close $SWKS Aug 19 52.50 puts @ .35. Sold for 1.50 on 7/5.
Clearing CMG
Closing last position in CMG. I didn’t want to risk another move down before Friday.
Bought to close $CMG Jul 400 put @ .90. Sold for 4.20 on 6/7.
Closing UVXY
#VXXGame Closed my last positions that expire after the upcoming 1:5 reverse split on 7/25.
Bought to close $UVXY Jan 20 95 calls @ .18. Sold for 17.00 and 19.00 on 7/8/15 so this will be considered a long term gain for tax purposes.
Closing FXE
On a bit of a recovery in $FXE, I closed the Brexit trade for a decent profit.
Bought to close $FXE Jul 15 110.00/110.50 strangles for 1.95 (sold for 2.51 on 6/22).
Closing FB
Bought to close $FB Jul 22 104 puts @ .03. Sold for 1.07 on 6/13.
Closing CMG put
Bought to close $CMG Jul 15 390 put @ 1.25. Sold for 4.50 on 6/8.
Reduces my exposure. Still short the 400 for this week.
#OptionsExpiration for July 8 Expiring:…
#OptionsExpiration for July 8
Expiring:
$NUGT 07/08/2016 175 calls
$NUGT 07/08/2016 68 puts
$UVXY 07/08/2016 30 calls
No assignments.
Have a great weekend everyone.
Options Bistro 