Rolled next week’s (7/15) 164 call up and out to 7/29 185 for 1.20 credit.
Then added a put hedge at 15 delta: STO $NUGT 7/29 125 put for 5.30.
So I guess that means I rolled to a 125/185 strangle for 6.50 credit.
Author Archives: Ramie
$NUGT hedge
Rolled $NUGT Jul 15 120 puts up to 140 puts for 2.26 credit.
Closing Jan UVXY #VXXGame trades…
Closing Jan UVXY #VXXGame trades
I’m starting to close the remaining longer term positions I have at near max profit before the upcoming 1:5 split on 7/25.
Bought to close $UVXY Jan 20 2017 80 calls @ .30. Sold for 16.65 in May 2015, and 12.45 in Aug 2015.
Bought to close $UVXY Jan 20 2017 85 call @ .30. Sold for 20.10 in Jun 2015.
Closing AMZN put
Taking this off for 90% of max profit.
Bought to close $AMZN Jul 15 650 put @ .50. Sold for 5.00 on 6/17.
$SWKS puts
All of my short put positions in this have either been closed out for a profit or expired so I’m reloading.
Sold $SWKS Aug 19 52.50 puts @ 1.50. Strike is below the Feb low of 54.50.
#OptionsExpiration for July 1 Expiring:…
#OptionsExpiration for July 1
Expiring:
$DUST 07/01/2016 22 calls
$NUGT 07/01/2016 155 calls
$NUGT 07/01/2016 160 calls
$UVXY 07/01/2016 25 calls
$SPX 07/01/2016 1975/1950 put spreads
Happy 4th of July everyone! I can’t believe the year is half over.
NUGT call
Sold $NUGT Aug 19 180 call @ 14.50. Highest strike in August.
SVXY Covered Call
Sold $SVXY Dec 16 65 call @ 3.20
SVXY Covered Call
Sold $SVXY Dec 16 70 call @ 2.15
$NUGT pre-split strikes
@Iceman…I’ve seen you do this type of thing before so I was wondering what your thoughts were about something like January 35 calls (pre 1:10 reverse split) if you could get let’s say 1.00 for them. That would be the equivalent of 10.00 for 350 strike in January. Normal chain only goes up to 185.
So $NUGT is around its highs
Matching the levels it reached during the last peak on May 2. I thought I’d take a look at the same time period for $GDX. Since May 2, $GDX is about 6% higher, while $NUGT is 0%. Obviously the momentum is with this name right now but the triple-leveraged drag shows pretty significantly even over a short time period like this because of all the volatility. I’ll be selling puts on the next pullback to offset all my short delta in this but in general, long term out of the money calls (when the premium is there) have an edge. I sold some Jan 185s earlier. Will look for higher premium if NUGT keeps moving up.
NUGT Jan call
Sold $NUGT Jan 20 185 call @ 29.00. Highest strike.
Premium is a bit higher now.
Out KOLD
I just closed my last position in this name and now I’m out of it completely for the first time in about a year.
Bought to close $KOLD Aug 19 115 call @ 10.00. Sold for 55.80 as part of a rollout on 5/10. After 5 rolls (including an early assignment) my overall profit on this position was 5.59.
$TLT short calls
I’m looking for bonds to (at a minimum) slow their explosive move up over the next week or so. Selling 22 delta calls for July expiration.
Sold $TLT Jul 15 144 calls @ .75
$RCL Falling Knife trade
Sold $RCL Dec 16 45 puts @ 1.27
Closing some SVXY calls
Closing these positions for near max profit.
Bought to close $SVXY Aug 19 70 calls @ .15. Sold for 2.00 on 6/21.
Bought to close $SVXY Sep 16 75 calls @ .20. Sold for 2.45 on 5/13.
Falling Knife Trades
Some Iceman-style #FallingKnife trades:
Sold $WHR Dec 16 100 puts @ 1.35
Sold $UAL Dec 16 27 puts @ 1.14
Barron’s tidbit
I read this in Barron’s over the weekend. It gave me a chuckle but honestly it’s a bit scary how emotions get people to do things, even significant things, without a whole lot of thought.
From Google Trends, the top 3 searches in the UK that were recorded AFTER the results of the Brexit vote were officially announced:
1. What does it mean to leave the EU?
2. What is the EU?
3. How many countries are in the EU?
Looking forward to seeing how all this plays out.
Closing SVXY
To avoid assignment. Bought to close $SVXY Jun 24 44.50 puts @ .56. Sold for 1.35 on 6/13.
Rolling WYNN
Rolled Jun 24 96 puts (part of which is paired with short stock) down and out to Jul 29 91 puts for 1.40 credit.
$AAPL Adding a rung to my put ladder
Sold $AAPL Sep 16 85 puts @ 1.70
I’m also short Jul 92.50 puts and Aug 87.50 puts
Adding UVXY calls
Sold $UVXY Jul 22 30 calls @ 1.00. Highest strike.
ADDED:
Sold $UVXY Jul 8 30 calls @ 1.10. Highest strike.
NUGT: A little maneuvering in 7/1
Sold to open $NUGT Jul 1 160 calls @ 1.00
Bought to close $NUGT Jul 1 70 puts @ .20 (sold for 2.00 on 6/10)
SPY scalp–going the other way
Sold $SPY Jun 24 204 puts @ .66
SPY scalping
Gonna try to do some decay scalping on the swings for today’s expiration.
Sold $SPY Jun 24 206 calls @ .71.
UVXY calls
Sold $UVXY Jul 22 25 calls @ 1.00
Sold $UVXY Aug 19 34 calls @ 1.10
Closing some SVXY covered calls
I’m closing out some covered calls I put on recently at a nice profit and will put them back on after things settle down .
Bought to close $SVXY Jul 15 60 calls @ .50. Sold for 2.10 on 6/16.
Bought to close $SVXY Jul 22 65 call @ .41. Sold for 2.31 yesterday.
Added:
Bought to close $SVXY Jul 15 65 call @ .50. Sold for 1.95 yesterday.
TD Ameritrade
Seems to be down
Gold futures /GC falling into the close
$NUGT doing its best to follow
Closing ILMN
Bought to close $ILMN Jul 15 120 puts @ .20. Sold for 1.10 on 6/16. I’ve been looking for things to take off profitably before the end of the day. A big move up in the stock today helped me take about 80% of the max profit off the table in a week. I’ll call this lucky but I’ll take good luck any time.
SVXY covered calls
Sold $SVXY Jul 22 (weekly) 65 call @ 2.31. Continuing to slowly sell calls against my long position as SVXY moves up.
Closing SWKS
Bought to close $SWKS Aug 19 50 puts @ .35. Sold for 1.40 on 5/13. Taking 75% of the available profit 2 months early.
#Brexit odds The latest betting…
#Brexit odds
The latest betting line overall, by geography, and various proposition bets for anyone who’s interested: https://sports.ladbrokes.com/en-gb/betting/politics/british/eu-referendum/uk-european-referendum/220800266/
Remain has stayed consistent, holding at 74%.
UVXY calls
Sold $UVXY Jul 29 30 calls @ 1.05. Highest strike.
Pure Brexit trade on FXE
Idea from TastyTrade/Dough.
Sold $FXE Jul 15 110 put/110.50 call strangles @ 2.51 credit.
Breakevens of 107.49 and 113.01 are outside of the range for the last 3 months.
Closing some of this week’s NUGT
Taking off my closer to the money positions for this week at a profit, before the vote tomorrow.
Bought to close $NUGT Jun 24 125 call @ .75. Sold for 3.00 on 5/26.
Bought to close $NUGT Jun 24 130 calls @ .40. Sold for 1.20 on 6/1.
SVXY covered call
Sold $SVXY Aug 19 70 call @ 2.00. Slowly selling calls against my long position.
Closing AMZN covered call
Taking this off for around 80% max profit. Bought to close $AMZN Jul 15 775 call @ 1.23. Sold for 5.80 on 5/31.
#OptionsExpiration for June 17 Expiring:…
#OptionsExpiration for June 17
Expiring:
$AAPL 06/17/2016 80.00 puts
$AAPL 06/17/2016 87.50 puts
$ABBV 06/17/2016 61.50 calls (covered)
$APA 06/17/2016 60.00 calls (covered)
$CELG 06/17/2016 90.00 puts
$JWN 06/17/2016 35.00 puts
$RIG 06/17/2016 8.00 puts
$NFLX 06/17/2016 110.00 calls
$NUGT 06/17/2016 157.00 calls
$SVXY 06/17/2016 60.00 calls
$SVXY 06/17/2016 65.00 calls
$SVXY 06/17/2016 35.00 puts
$SVXY 06/17/2016 44.50 puts
$TSLA 06/17/2016 85.00 puts
$X 06/17/2016 13.00 puts
Assignments:
$LNKD 06/17/2016 140.00 calls—stock being called away
Have a great weekend everyone.
Selling an AMZN put
My long stock was called away at 650 in May. With the pullback, selling some July at that strike.
Sold $AMZN Jul 15 650 put @ 5.00. Delta is 16.
IBB: Adding
Adding a ladder rung (to July 260 puts).
Sold $IBB Jul 29 (weekly) 230 put @ 2.35.
SPX Iron Butterfly for next week
Idea from one of the Tasty Trade traders on the Dough feed. A total flier but I’m throwing it out there.
Sold $SPX Jun 24 Iron Butterfly–2070/2080/2090 @ 9.20
Risking 80 to make 920 (if SPX pins at 2080 next Friday)
NUGT ITM rollout
Rolled $NUGT Jun 17 92 calls up and out to Jul 22 120 calls for 2.80 credit.
Selling some puts on $APPL
Strike price is below recent lows, well below the 200 day moving average and a level the stock hasn’t seen since May 2014. I will take more shares if assigned. Delta is 21.
Sold $AAPL Aug 19 87.50 puts @ 1.44
Closing some NUGT puts
Bought to close $NUGT Jun 24 70 puts @ .75. Sold for 1.25 on 1.25 on 6/10.
SVXY Covered Calls
I used today’s bounce to sell $SVXY Jul 15 60 calls at 2.00 and 2.10. Replaces covered call positions I closed out yesterday.
Another NUGT call
Sold $NUGT Jul 15 164 call @ 8.00. Highest strike in July.
Selling puts on ILMN
This is a stock I wouldn’t mind owning a cost basis of under 120.
Sold $ILMN Jul 15 120 puts @ 1.10.
Closing some SVXY covered calls
I’m taking these close to the money positions off at a profit before the FOMC statement, in the event a big swoon in volatility spikes SVXY and takes me out on Friday. I’m still short the 60 and 65 covered calls which I will let go if it gets that high. I’m also short 35 and 44.50 puts for this week’s expiration.
Bought to close $SVXY Jun 17 53 calls (covered) for .76-.80 (sold for 1.30)
Bought to close $SVXY Jun 17 54 calls (covered) for .50 (sold for 1.40)
Rolling some NUGT
I rolled my deep in the money calls. I’m still short 92 calls for June which I’m leaving for now, and 130 calls. The rest are now in July and August
Rolled $NUGT Jun 44 calls out to Aug 45 calls for .70 credit
Rolled $NUGT Jun 46 call out to Jul 46 call for .45 credit
Rolled $NUGT Jun 65 calls out to Jul 65 calls for 2.91 credit
$UVXY #VXXGame Taking Iceman’s lead…
$UVXY #VXXGame
Taking Iceman’s lead on good strikes to sell, I sold $UVXY Jul 15 32 calls @ 1.72. Highest strike in July.
FB puts
Selling some puts in the Jul 22 weekly (likely before earnings). Strike is below the recent April low, and below the 200 day moving average, where the stock hasn’t been since January.
Sold $FB Jul 22 104 puts @ 1.07.
Selling some puts on NUGT now
On the reversal. Sold $NUGT Jul 15 60 puts @ 1.80. Offsets short calls.
UVXY calls in 7/1
#VXXGame
Sold $UVXY Jul 1 (weekly) 25 calls @ .60
NUGT Sep
Sold $NUGT Sep 16 185 call @ 14.00
Adding to highest strike.
#OptionsExpiration for Jun 10 Only…
#OptionsExpiration for Jun 10
Only one expiration this week
$NUGT 06/10/2016 115 calls
No assignments.
Have a great weekend!
Taking some NUGT profit
Closing this one for almost full profit.
Bought to close $NUGT Jun 17 57 puts @ .07. Sold for 2.76 on 5/24.
Closing SPY scalp
Closing SPY scalp
Maybe a little piggish but it started to run toward the end of the day and with the decay in hyperdrive I hung on for some more.
Bought to close $SPY Jun 10 209.50 puts @ .02. Sold for .26 earlier.
SPY scalp
Trying a quick premium scalp trade on the SPY. Sold $SPY 6/10 209.50 puts @ .26. Seeing if can get .10 out of it.
#VXXGame Joining the party Sold…
#VXXGame Joining the party
Sold $UVXY Jul 15 32 calls @ .45. Highest strike in July.
Finally able to sell some NUGT puts
Sold $NUGT Jul 1 70 puts @ 2.00. Offsets many short call positions so no margin requirement.
Closing PANW
I’m closing the Jun 133/140 strangle I rolled to from the May 27 135 puts (earnings trade) gone bad.
Bought to close Jun 17 133/140 strangles @ 2.70. Sold for 7.10 on 5/27.
Overall profit (including rollout): 1.29
Our old friend KOLD
Has gotten hammered in the rebound in nat gas, now at 125. I still have some in the money call positions that have been rolled several times (now in August) at 120, 115 and 110. Considering the carrying cost and the time left, if I can close any of them at an overall profit I’ll be doing that. Have some bids in but it’s a crapshoot with the wide spreads.
NUGT ITM rolls
I was assigned early on these so I’m buying them in and sold calls to replace the assigned contracts. I sold the options first, before buying the stock back (when NUGT was 109), and then got a bit of a lucky break as NUGT started to weaken. I waited as the stock went down and got out at 106.78. But I’ll take whatever good news I can get when rolling ITM losses like this.
Assigned on June 45 and 48 calls.
Bought the stock to cover at 106.78.
To recapture from assignment of 45 call: 61.78 (106.78-45.00)
Sold $NUGT Aug 19 45 call @ 65.00
Credit: 3.22
To recapture from assignment of 48 calls: 58.75 (106.78-48.00)
Sold $NUGT Sep 16 48 calls @ 63.70
Credit: 4.95
Adding CMG put
Sold $CMG Jul 15 390 put @ 4.50. Adding to July position at a lower strike.
CMG put
Sold $CMG Jul 15 400 put @ 4.20
#OptionsExpiration for Jun 3 Only…
#OptionsExpiration for Jun 3
Only 2 expirations today:
$NUGT 06/03/16 60 puts
$NUGT 06/03/16 61 puts
No assignments.
Can’t believe it’s Friday already. Have a great weekend everyone.
Another NUGT call sale
Sold $NUGT Sep 16 185 call @ 8.60. Adding to position at the highest strike in Sep.
Closing NUGT put rollout
Bought to close $NUGT Jun 17 59 puts @ .50. Sold for 5.38 as a rollout on 5/25. Offsetting the loss from the roll of 3.31, leaves an overall profit of 1.57.
$SPX put spread
Sold $SPX Jul 15 1920/1895 BuPS @ 1.30. Close to 2 standard deviations (=1913).
NUGT calls
Here we go again.
Sold $NUGT Jun 10 115 call @ 1.25
Sold $NUGT Jul 1 155 call @ 1.50
Sold $NUGT Jan 20 185 call @ 15.50
Closing UVXY Sep
Bought to close $UVXY Sep 16 60 calls @ .30. Sold for 1.16 on 5/13. Taking this off now instead of waiting another 3 1/2 months for remaining 25%.
Rolling WYNN covered puts
Rolling my June put up and out to July getting an additional 2.04 in premium.
Bought to close $WYNN Jun 17 85 put @ .26. Sold for 2.35 on 5/11.
Sold to open $WYNN Jul 15 90 put @ 2.35.
Extending TLT
On the move up, I’m closing down June at 67% max profit, and extending the short bond trade out to July.
Bought to close $TLT Jun 17 135 calls @ .27. Sold for .82 on 5/5.
Sold to open $TLT Jul 15 135 calls @ .80.
NUGT calls
Sold $NUGT Jun 24 130 calls @ 1.20
Options Bistro 