$NUGT doing its best to follow
Author Archives: Ramie
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
AMZN Covered Calls
Sold $AMZN Jul 15 775 call @ 5.80
Taking some NUGT off
I’m loaded up in June with OTM short calls as well as several ITM that were rolled so I’m taking these off at good profit levels to lower exposure in June (and free up more buying power).
Bought to close $NUGT Jun 17 94 call @ 3.80. Sold for 10.00 on 2/25.
Bought to close $NUGT Jun 17 105 call @ 2.10. Sold for 7.30 on 4/8.
Closing some more #VXXGame trades…
Closing some more #VXXGame trades
Bought to close $UVXY Jan 20 2017 170 call @ .16. Sold for 22.00 on 9/24/15.
Bought to close $VXX JAN 20 2017 55 call @ .20. Sold for 6.50 on 12/10/14.
#OptionsExpiration for 5/27 $NUGT 05/27/2016…
#OptionsExpiration for 5/27
$NUGT 05/27/2016 175 calls
$NUGT 05/27/2016 150 calls
$NUGT 05/27/2016 60 puts
$SVXY 05/27/2016 39 puts
$UVXY 05/27/2016 23 calls
No assignments this week.
Have a great long weekend everyone.
Closing SWKS
Bought to close $SWKS Jun 17 60 puts @ .30. Sold for 1.45 on 4/29. Taking my 80% max profit off the table with this market running into resistance.
I’m still short Jun 24 60 puts and Aug 19 50 puts from my original ladder so this is just a reduction in my exposure to this stock and the $AAPL universe.
PANW trade management
I did the following to extend duration, lower the strike and bring in additional premium
Rolled today’s 135 puts down and out for 1.38 credit:
Bought to close $PANW May 27 135 puts @ 4.41 (sold for 1.30 yesterday as an earnings trade)
Sold to open $PANW Jun 17 133 puts @ 5.79
Added Jun 17 short calls to lower basis further:
Sold to open $PANW Jun 17 140 calls @ 1.31
I am now short the Jun 17 133/140 strangle.
Closing APPL
#ShortPuts Bought to close $AAPL Jul 15 70 puts @ .04. Sold for 1.36 on 1/19.
Rolling a NUGT call
Looked like NUGT was thinking of making a run at this one earlier, but that would have probably been too much to ask for, and it would have caused all sorts of problems on the put side, so I guess I’ll take what I can get out of it. Rolled this week’s ITM 52 call out to July and up a few points for a 2.60 credit.
Bought to close $NUGT May 27 52 call @ 23.67 (sold for 32.75 as a rollout of a rollout on 4/13)
Sold to open $NUGT Jul 15 55 call @ 26.27
Another NUGT roll
Rolled down and out for 1.30 credit
Bought to close NUGT May 27 70 puts @ 4.08 (sold for .77 on 5/16)
Sold to open NUGT Jun 17 59 puts @ 5.38
Rolling NUGT
Strike price was breached and with downward momentum I thought I’d roll to a strangle instead of a straight put roll.
Bought to close $NUGT Jun 3 78 puts @ 7.74
Sold to open $NUGT Jun 17 57 puts @ 2.76
Sold to open $NUGT Jun 17 92 calls @ 6.99
Credit taken in: 2.01
#OptionsExpiration for 5/20 I was…
#OptionsExpiration for 5/20
I was away from my desk for the end of the trading day today, moving my daughter out of her dorm (that year went quickly!). Just got home and catching up on the expirations.
$AMZN 05/20/2016 640 puts
$AMZN 05/20/2016 750 calls (covered)
$CELG 05/20/2016 100 puts
$CLDX 05/20/2016 18 calls
$KOLD 05/20/2016 280 calls
$NFLX 05/20/2016 93 calls
$NUGT 05/20/2016 145 calls
$NUGT 05/20/2016 65 puts
$WYNN 05/20/2016 85 puts (covered)
Assignments
$AMZN 05/20/2016 650 calls (shares being called away)
Legged out of Jeff’s AMZN Iron Butterfly trade (from the road) paying a total of 3.13, having sold yesterday for 3.90. I probably could have done better had I been in front of my screen, and looking back I should have thought more about it and passed on the trade since I wasn’t going to be able to watch it at the end of the day. Glad to be out for a profit though.
Have a great weekend everyone.
CNX July
Sold $CNX Jul 15 10 puts @ .42. Delta 16, with the strike near the March 24 low.
Closing some NUGT puts
Bought to close $NUGT May 20 75 puts @ .40. Sold for 1.50 on 5/12. Taking profits and getting these out of the way in the event we get another big move down. I’m also short the 70 and 60 puts for tomorrow.
SVXY September
Sold $SVXY Sep 16 30 put @ 1.50. Adding to position.
NFLX thoughts
$NFLX Showing relative strength all day long. Outperformed most of the Nasdaq (and all of its peers like AMZN, FB, GOOGL and even AAPL on a strong day for the forbidden fruit). Pretty decent volume. Rhetorical question but could this finally be the reversal? It still has quite a bit of work to do and will run into resistance on the way back up, and will have to traverse the 3 major moving averages. But it’s something to watch, as if I don’t have enough to watch.
Taking some more NUGT off
Taking these off at a profit for Friday’s expiration. Reducing exposure as much as I can now as NUGT plunges.
Bought to close $NUGT May 20 95 calls @ 1.80. Sold for 3.70, 2.60 and 4.00 from 3/27-4/7.
Closing a NUGT rolled position
Bought to close $NUGT 5/27 110 call (rolled out from 5/13 95 call on 5/13).
Paid to close: 2.27
Sold for 7.59 (rollout)
Overall profit from full position: 2.38
Closing covered call in AMZN
Taking advantage of the stock’s foray below the strike price to cover this one at a profit and avoid assignment. I also have the 650 covered call (which should be assigned) and the 750 covered call (which should expire) on Friday.
Bought to close $AMZN May 20 700 call @ 2.97. Sold for 4.50 on 4/29.
$SVXY Sep puts
Sold $SVXY Sep 16 30 puts @ 1.40
#OptionsExpiration for May 13 Expiring:…
#OptionsExpiration for May 13
Expiring:
$NUGT May 13 130 calls
$NUGT May 13 73 puts
No assignments this week.
Have a great weekend everyone.
Closing SPY trade
Bought to close $SPY May 13 204.50 puts @ .03. Sold about an hour ago for .22.
Closing out AMZN trade from this morning
Bought to close $AMZN May 13 710 put @ .50. Sold for 2.10 earlier.
Pending NUGT roll
I know I’m probably getting a little too cute here but I still have a 95 call for today’s expiration that I was planning to roll. But I’m watching NUGT and the gold futures to see if there’s a shot this thing gets under my break even (around 97) before the end of the day. It’s been falling like a rock. I guess I’m not too concerned since this rolls so easily and I can probably get a nice credit for a 1 week roll with an additional 10-15 points on the strike. Watching…
Trying a 1 hour SPY decay trade
Sold $SPY May 13 204.50 puts @ .22
UVXY calls
Sold $UVXY Sep 16 60 calls @ 1.16
Shopping at Nordstrom
On the move down after earnings, I’m willing to either buy the stock at 34.48 at June expiration, or keep the premium.
Sold $JWN Jun 17 35 puts @ .52.
RIG puts
Sold $RIG Jun 17 8.00 puts @ .34
Adding to SWKS position
Opened a further dated rung to what has become a naked put ladder.
Sold $SWKS Aug 19 50 puts @ 1.40.
Adding to Jun 17 60 puts and Jun 24 60 puts.
Options Bistro 