#OptionsExpiration for Feb 19 Expiring:…

#OptionsExpiration for Feb 19
Expiring:
$AMZN 02/19/2016 485.00 puts
$AMZN 02/19/2016 600.00 calls
$CMG 02/19/2016 400.00 puts
$DUST 02/19/2016 36.00 calls
$FB 02/19/2016 118.00 calls
$GOOGL 02/19/2016 687.50 puts
$KMI 02/19/2016 15.00 puts
$KOLD 02/19/2016 215.00 calls
$KOLD 02/19/2016 115.00 puts
$KOLD 02/19/2016 123.00 puts
$LNKD 02/19/2016 125.00 calls
$LNKD 02/19/2016 95.00 puts
$LNKD 02/19/2016 100.00 puts
$LULU 02/19/2016 58.50 puts
$MAT 02/19/2016 23.00 puts
$NFLX 02/19/2016 109.00 calls
$NFLX 02/19/2016 110.00 calls
$NUGT 02/19/2016 58.00 calls
$NUGT 02/19/2016 60.00 calls
$NUGT 02/19/2016 15.00 puts
$NUGT 02/19/2016 33.00 puts
$RRC 02/19/2016 20.00 puts
$SVXY 02/19/2016 35.00 puts
$SVXY 02/19/2016 63.00 calls (covered)
$SVXY 02/19/2016 65.00 calls (covered)
$SWHC 02/19/2016 20.00 puts
$TWTR 02/19/2016 15.00 puts
$TZA 02/19/2016 80.00 calls
$UVXY 02/19/2016 66.00 calls
$UVXY 02/19/2016 85.00 calls
$WFM 02/19/2016 31.00 puts
$WHR 02/19/2016 110.00 puts
$WMT 02/19/2016 65.00 calls (covered)
$XOP 02/19/2016 34.00 calls
$ZSL 02/19/2016 75.00 calls
$ZSL 02/19/2016 97.50 calls

Assignments:
$RIG 02/19/2016 18.00 puts (going long stock)
$WFM 02/19/2016 31.00 calls (stock getting called away)

Have a great weekend everyone.

Riding out KOLD

I’m short 215 calls for today’s expiration. With KOLD at the 210-211 level, I’m watching closely. If this shoots up this afternoon I may employ the Iceman strategy of buying the stock and allowing it to get called away instead of trying to get out early and getting jammed on the market maker’s wide bid/ask spread. White knuckling it for now.

Closing BA

Taking more than 70% max profit on an April position I put on last week. With this market I’m keeping a tight leash on things.
Bought to close $BA Apr 15 90 put @ .53. Sold for 1.95 on 2/11.

$NUGT adding in 3/11

I don’t have any positions on in 3/11 so I’m adding one, at the highest strike.
Sold $NUGT 3/11 75 call @ 2.20.

Closing $BA rollout

On 2/11 I rolled out my Feb 110 puts to March for a nice credit. This allowed me to use today’s up move to exit the trade early for an overall profit.

Bought to close $BA Mar 18 110 puts @ 2.05. Sold for 7.05, as a rollout on 2/11.
Loss on original roll was 3.18, so with this 5.00 profit, overall profit on the position is 1.82.

$NFLX Covered Calls

I was assigned early overnight on some deep in the money puts (March 145). I was aware of the risk but was looking for more upside in the stock which would have reduced that risk. But I got clipped so I’m just going to sell calls against this position until called away.

Sold $NFLX Mar 4 100 calls @ 1.21.
Delta 24.

#OptionsExpiration for 2/12 $NFLX 02/12/2016…

#OptionsExpiration for 2/12
$NFLX 02/12/2016 101.00 calls
$TSLA 02/12/2016 110.00 puts
$TWTR 02/12/2016 19.00 calls
$UVXY 02/12/2016 66.00 calls
$UVXY 02/12/2016 70.00 calls
$UVXY 02/12/2016 85.00 calls
$UVXY 02/12/2016 95.00 calls
$SPX 02/12/2016 1795/1770 put spreads

No assignments this week.

Have a great 3 day weekend!

Taking some profits on ZSL

Bought to close $ZSL May 20 90 calls @ .40. Sold for 3.25 (actually 6.50 pre-2:1 split) on 11/12/15. No sense holding these for another 3+ months for the last .40, especially with the high carrying cost.

Closing March CMG

Closing the position I put on 4 days ago and taking a little better than 50% max profit. In this market (and particularly with this stock) I didn’t want to wait more than a month for the other 50%.

Bought to close $CMG Mar 18 375 put @ 2.85. Sold for 6.10 on 2/8.

Selling SPX call spreads

Sold $SPX Mar 4 1975/2000 call spread @ 1.40 credit. Short strike is well above resistance levels, and outside of 1 standard deviation (1963).

#SPXCampaign

The Nasdaq Composite is now…

The Nasdaq Composite is now up for the day

Unreal.

Closing some KOLD positions

Today’s action really strained buying power so I closed these positions for nice profits instead of waiting for expiration. The margin requirements for this ticker are large enough that it freed up a good chunk of buying power.

BTC $KOLD Feb 19 320 call @ .77 (sold for 10.00 on 12/22)
BTC $KOLD Feb 19 270 calls @ .75 (sold for 1.40-2.70 from 1/14-2/2)
BTC $KOLD Feb 19 250 call @ .90 (sold for 4.00 on 12/30)
BTC $KOLD Feb 19 220 call @ 1.50 (sold for 4.20 on 1/6)

BA trades

Rolled Feb 110 put out to Mar for 2.20 credit
Bought to close $BA Feb 19 110 put @ 4.85
Sold to open $BA Mar 18 110 put @ 7.05

Also sold an April put (15 delta)
Sold to open $BA Apr 15 90 put @ 1.95
The stock hasn’t been at 90 since May 2013

Rolling TZA

Rolled Feb calls out to March 4 weekly for 1.35 credit
Bought to close $TZA Feb 19 70 calls @ 4.84
Sold to open $TZA Mar 18 72.50 calls @ 6.19

#Rolling

Rolling TLT

Rolled Feb calls out to March for .69 credit
Bought to close $TLT Feb 19 129 calls @ 4.96
Sold to open $TLT Mar 18 129 calls @ 5.65

#Rolling

UVXY adding at highest strike

Sold $UVXY Mar 24 105 call @ 5.00
#VXXGame

TSLA longer term puts

Sold $TSLA Sep 16 60 puts @ 2.20

TSLA earnings trade

Going out about 3 standard deviations to a strike the stock hasn’t seen in over 2 1/2 years. I’ll go long TSLA at 108.35 if it comes to it.

Sold $TSLA Feb 12 110 put @ 1.65.

Starting small. I may add if the premium gets better into the close.

#Earnings

Maneuvering NOW

Using today’s move up to do some rolling and hedging.

Rolled $NOW Feb 60 puts out to Mar 60 puts for .77 credit
Sold $NOW Mar 60 call @ 1.10

So, with yesterday’s Mar 55 call sale, the complete adjustment to my Feb 60 puts has now become part straddle, part inverted strangle:
Mar 60 puts
Mar 55 calls
Mar 60 calls

SPX call spread

Sold $SPX Feb 26 1980/2005 BeCS @ 1.35. Outside of 1 standard deviation (1965) and over 100 points out of the money.
#SPXCampaign

ARMH post-earnings

Gap down after earnings but bouncing off lows.
Sold $ARMH Mar 18 36 puts @ 1.10.

UVXY crashing

Now down on the day. Big red candle forming on the daily chart.

UVXY: Adding a small position to 3/24 weekly

Looks like new highest strikes in March are 95. My previous sale in 3/24 was at the 80 strike. Adding at the the highest:
Sold $UVXY Mar 24 95 call @ 5.30

 

#VXXGame

NOW hedge

Sold a call hedge against my underwater 60 Feb put which I will be rolling out to March shortly.
STO 1 NOW Mar 18 55 call @ 1.30.

Adding to long term UVXY calls

#VXXGame trade:
Sold $UVXY Jan 20 2017 170 call @ 18.00. Adding to position at the highest strike in January.

$CMG puts

Sold Mar 18 375 put @ 6.10. Delta 15, about 1 standard deviation down from current price (438.68).

$AAPL and $NFLX

Both holding out pretty nice today in the face of market ugliness, hovering around no change. Perhaps the bottom is in for these two. You’d have to believe they would be overindexing to the upside if the markets were up today.

$LNKD hedge

Sold $LNKD Feb 19 125 call (delta 21) for 1.75, as a hedge against my underwater short 160 puts which I rolled out to May on Friday.

Closing a position in KOLD

Bought to close $KOLD May 20 320 call @ 3.50. Sold for 19.00 on 12/22.

UVXY: Adding to highest strike in June

Sold $UVXY Jun 17 110 call @ 10.20

#VXXGame

A little more NUGT

Sold $NUGT Mar 18 75 call @ 2.75. Highest strike.

#OptionsExpiration for 2/5/16 Expired: $EOG…

#OptionsExpiration for 2/5/16
Expired:
$EOG 02/05/2016 65.00 puts
$LNKD 02/05/2016 230.00 calls (the good side of the nightmare strangle)
$UVXY 02/05/2016 66.00 calls
$UVXY 02/05/2016 85.00 calls
$UVXY 02/05/2016 95.00 calls

No assignments

Have a great Super Bowl weekend everyone!

Rolling NUGTs

Didn’t have a chance to post in the end of day craziness but I rolled 3 in the money positions:

Rolled $NUGT Feb 26 37.00 calls up and out to Mar 18 38.00 calls for 1.26 credit
Rolled $NUGT Mar 4 37.50 calls up and out to Mar 24 38.00 calls for 1.32 credit
Rolled $NUGT Mar 11 37.50 calls out to Mar 24 37.50 calls for .90 credit

I’ll keep rolling calls until this trend breaks.

Rolling LNKD

Extending duration on this trade. With options so deep in the money now, there wasn’t any real premium to be had until after the next earnings cycle so I went out to May.

Rolled $LNKD 2/5 160 put to May for 2.23 credit
Will let today’s 235 call expire and selling a May 180 call for 1.50 to offset the put

PANW: Throwing one out there

Sold $PANW Jun 17 80 put @ 1.85 with the stock at 128.71

SPX put spread in 3/11

Going out almost 2 standard deviations, and 225 points down.
Sold $SPX Mar 11 1665/1640 BuPS @ 1.30

#SPXCampaign

FB puts

Sold $FB Apr 15 87.50 puts @ 1.26

LNKD puts

Sold $LNKD Feb 19 95 put @ 1.35

Closing GOOGL call

Taking 85% max profit off the table from the post-earnings trade I put on Tuesday morning.
Bought to close $GOOGL Feb 19 850 call @ .40 (sold for 2.50 on 2/2).

NFLX reversing?

Big swing intraday, now up on the day printing a hammer.

Rolling in-the-money KOLD positions

These trades got executed right before the close.

I have a few deep in the money positions for Feb that I decided to roll today. There’s no real time value left and I didn’t want to get assigned short on a hard to borrow underlying and have to deal with a forced buy-in. So I rolled 3 Feb positions out to May:

Rolled Feb 118 call out to May for 4.07 credit
– BTC Feb 118 call @ 57.19. Sold for 99.65 (part of a previous rollout) on 12/16.
– STO May 118 call @ 61.26
Reduced my loss in this position: booked profit of 42.46; had 86.14 loss to recover, 43.68 remaining

Rolled Feb 115 call out to May for 3.46 credit
– BTC Feb 115 call @ 60.03. Sold for 102.13 (part of a previous rollout) on 12/16
– STO May 115 call @ 63.49
Reduced my loss in this position: booked profit of 42.10; had 95.60 loss to recover, 53.50 remaining

Rolled Feb 110 call out to May for 2.51 credit
– BTC Feb 110 call @ 65.45. Sold for 18.20 on 10/22
– STO May 110 call @ 67.96
Booked a loss on this roll of 47.25

If natural gas does not recover sufficiently (bringing KOLD back down) then I’ll continue to roll and generate credits until I have wiped out all the accumulated losses. Even without a whole lot of long term movement in the underlying commodity, KOLD will always suffer from tracking error headwinds, being a reverse-leveraged ETF, so it will always have that downward bias. So I got that going for me. Which is nice.

NUGT calls

Sold calls on the move up in gold.

Sold $NUGT Feb 26 37 call @ 1.32 (highest strike)
Sold $NUGT Mar 18 48 calls @ 1.00

CMG puts

Sold $CMG Feb 19 400 put @ 1.80

TZA call

Borrowing the strategy from Jeff.
Sold $TZA Mar 4 85 call @ 1.20.

March UVXY calls

Filling in some empty weeklies, at the highest strikes.
Sold $UVXY Mar 4 95 calls @ 1.05
Sold $UVXy Mar 11 80 call @ 2.15

#VXXGame

$GOOGL pop

Sold $GOOGL Feb 19 850 call @ 2.50. Premium is better now.

$GOOGL earnings beat

Beats on top and bottom line, showing an impressive amount of Googliness. https://www.youtube.com/watch?v=eGKNdqvnxPQ

Be that as it may, I’ll be looking to short/sell calls against a big gap up tomorrow morning, providing the opportunity presents itself.

Hot Wheels and Barbie

An earnings trade. Selling puts below the recent Jan 20 low in the stock. Cost basis of 22.60 if assigned. Strike is 14% out of the money.

Sold $MAT Feb 19 23 puts @ .40

#Earnings

Stone KOLD Crazy

Up over 20 today. Throwing one out there for Feb, strike 55 points out of the money.
Sold $KOLD Feb 19 215 call @ 1.80.

NUGT Mar calls

On the move up in the miners, sold $NUGT Mar 18 45 calls @ 1.00

#contangoetfs

#OptionsExpiration for Jan 29 All…

#OptionsExpiration for Jan 29
All of the following expired. No assignments this week.

$AMZN 01/29/2016 505 puts
$AMZN 01/29/2016 710 calls (covered)
$AMZN 01/29/2016 725 calls (covered)
$CMG 01/29/2016 400 puts
$DUST 01/29/2016 20 calls (covered)
$NUGT 01/29/2016 40 calls
$SPX 01/29/2016 1955/1980 call spreads
$TZA 01/29/2016 75 calls

Have a great weekend everyone.

Closing SVXY put to avoid assignment

Bought to close Jan 29 $SVXY 40 put @ 1.50 to avoid assignment today with the stock at 38.60. Sold for 5.70 on 1/15. This was a rollout from the 1/15 40 put I executed 2 weeks ago. Combined profit of 1.20 on both positions.

AMZN put

Sold $AMZN Feb 19 485 put @ 1.50

Selling puts on BA on…

Selling puts on BA on the post-earnings move down
Sold $BA Feb 19 110 put @ 1.67

Selling puts on AAPL

Seems like everyone thinks Apple will never go up again. Sounds like a good time to sell more puts.
Sold $AAPL Mar 18 85 puts @ 1.12.

UA puts

Taking advantage of the high pre-earnings IV to sell some puts in July. Strike is below the 2 year low for the stock.

Sold $UA Jul 15 45 puts @ 1.20

UVXY 110 strikes

As Iceman pointed out last week, the new highest strike for Feb expirations is 110. I dipped my toe in.
Sold $UVXY Feb 26 110 call @ 1.15.

#VXXGame

Options Expiration for 1/22

Expiring:
$AMZN 01/22/2016 740.00 calls (covered)
$AMZN 01/22/2016 540.00 puts
$NFLX 01/22/2016 115.00 calls
$NFLX 01/22/2016 120.00 calls
$NUGT 01/22/2016 45.00 calls
$SPX 01/22/2016 1745/1720 put spreads
$UA 01/22/2016 70.00 puts
$UVXY 01/22/2016 80.00 calls
$UVXY 01/22/2016 97.00 calls

No assignments this week.

Have a great weekend everyone. I hope you avoid the brunt of the storms on the east coast.

#optionsexpiration

SPY now printing a hammer…

SPY now printing a hammer on the daily chart
Higher than average volume intraday reversal. Now we’re “only” down about 1.4%. Remaining cautious…

UVXY 1/29

Strange strike (95.50) at the top of the chain with everything else at 95.00.

Sold $UVXY Jan 29 95.50 call @ 1.35

#VXXGame

SPX put spread

Hard to pass this one up. Sold $SPX Feb 19 1600/1575 BuPS @ 1.30. Strike is 2 standard deviations away.

#SPXCampaign

 

Added another 2 standard deviation put spread for this week:

Sold $SPX Jan 22 1745/1720 BuPS @ 1.30.

$AAPL puts in July

Another Iceman-style “falling knife” type trade:

Sold $AAPL July 15 70 put @ 1.36. I’ll gladly add to my long position at 2013 prices.

UVXY calls

On the pop in volatility, I added to the highest strike calls in 2/26.

Sold $UVXY Feb 26 85 call @ 5.50

#VXXGame

 

Edit–added:

Sold $UVXY Jun 17 85 call @ 15.00 adding to position at highest strike in June

 

Added:

Sold $UVXY Jan 20 2017 170 call @ 17.00 adding to position at highest strike

NFLX popping into earnings

Will watch for any good OTM short call entries

DUST calls

Sold $DUST Mar 18 40 call @ 1.25

#contangoetfs

#OptionsExpiration for January monthly Expired:…

#OptionsExpiration for January monthly

Expired:
$AAPL 01/15/2016 80.00 puts
$AAPL 01/15/2016 90.00 puts
$AMZN 01/15/2016 630.00 calls (covered)
$AMZN 01/15/2016 715.00 calls (covered)
$AMZN 01/15/2016 560.00 puts
$CMG 01/15/2016 375.00 puts
$CYBR 01/15/2016 35.00 puts
$DATA 01/15/2016 70.00 puts
$DE 01/15/2016 70.00 puts
$DUST 01/15/2016 45.00 calls
$DUST 01/15/2016 50.00 calls
$DUST 01/15/2016 75.00 calls
$FB 01/15/2016 100.00 calls
$FTI 01/15/2016 41.00 calls (covered)
$GMCR 01/15/2016 60.00 puts
$GMCR 01/15/2016 75.00 puts
$KOLD 01/15/2016 200.00 calls
$KOLD 01/15/2016 210.00 calls
$KOLD 01/15/2016 215.00 calls
$KOLD 01/15/2016 310.00 calls
$KOLD 01/15/2016 110.00 puts
$KOLD 01/15/2016 114.00 puts
$NFLX 01/15/2016 121.43 calls
$NFLX 01/15/2016 124.29 calls
$NFLX 01/15/2016 140.00 calls
$NFLX 01/15/2016 97.00 puts
$NUGT 01/15/2016 50.00 calls
$NUGT 01/15/2016 75.00 calls
$SVXY 01/15/2016 55.00 calls (covered)
$SVXY 01/15/2016 61.00 calls (covered)
$SVXY 01/15/2016 70.00 calls (covered)
$SWKS 01/15/2016 60.00 puts
$UVXY 01/15/2016 60.00 calls
$UVXY 01/15/2016 80.00 calls
$UVXY 01/15/2016 85.00 calls
$UVXY 01/15/2016 95.00 calls
$UVXY 01/15/2016 100.00 calls
$UVXY 01/15/2016 110.00 calls
$UVXY 01/15/2016 125.00 calls
$UVXY 01/15/2016 170.00 calls
$WHR 01/15/2016 120.00 puts
$XOM 01/15/2016 70.00 puts
$XOP 01/15/2016 37.00 calls
$ZSL 01/15/2016 92.50 calls

Assignments (going long stock):
$SVXY 01/15/2016 65.00 puts (as if I need any more of this)
$WMT 01/15/2016 67.50 puts

Have a great long weekend everyone. Is it February yet?

More pre-expiration maneuvering

Bought to close $CMI Jan 15 85 put @ .55 to avoid assignment. Sold for 1.30 on 9/24/15.

Rolled $AAPL Jan 15 100 put down and out to Feb 19 97.50 for 2.07 credit
Bought to close $AAPL Jan 15 100 put @ 3.00. Sold for 1.50 on 6/29/15
Sold to open $AAPL Feb 19 97.50 put @ 5.07

Rolled $NFLX Jan 113 puts down and out to Feb 19 110 for 3.60 credit
Bought to close $NFLX Jan 15 113 puts @ 9.58. Sold for 3.81 (as a rollout) on 1/8
Sold to open $NFLX Feb 19 110 puts @ 13.18

Rolled $NFLX Jan 120 puts down and out to Feb 12 118 for 1.75 credit
Bought to close $NFLX Jan 15 120 puts @ 16.41. Sold for 8.15 (as a rollout) on 1/8
Sold to open $NFLX Feb 12 118 puts @ 18.16

UA roll

Rolling today’s 70 put 1 week to avoid assignment with the stock at 68.67. Got 1.10 credit for the roll.

Bought to close $UA Jan 15 70 put @ 1.47. Sold for 1.20 on 11/17/15.
Sold to open $UA Jan 22 70 put @ 2.57.

SVXY roll

Rolling today’s 40 put to avoid assignment with $SVXY at 35.46. Roll executed for 1.20 credit.

Bought to close $SVXY Jan 15 40 put @ 4.50 (sold for 1.50 on 11/12/15)
Sold to open $SVXY Jan 29 40 put @ 5.70

#VXXGame

#vxxxgame

WHR puts

Selling some puts to replace an expiring position today.

Sold $WHR Feb 19 110 put @ 1.65
Sold $WHR Jun 17 85 put @ 1.50

#VXXGame trades Sold $SVXY Jan…

#VXXGame trades
Sold $SVXY Jan 20 2017 20 put @ 3.00. Lowest strike.
Sold $UVXY Jan 20 2017 170 call @ 15.25. Highest strike.

KOLD snap

Sold Feb 19 270 call @ 2.70. Strike price over 110 points higher than current price and 2 standard deviations away. Not that standard statistical measures and probabilities have as much relevance with reverse leveraged ETFs based on commodity futures but it’s something. The more important factor here is the tracking error headwinds that will keep this ETF down; because of that it likely won’t get back to its December high of 223 even if natural gas gets back down to the corresponding low it reached then.

TZA calls

Sold $TZA Jan 29 75 call @ 1.30

UVXY June

Sold $UVXY June 17 85 call @ 11.65. 85 is now the highest strike in June as well.

NFLX puts

I have 100 calls for January that I thought for sure I would have to roll. Not so sure about that now. We’ll see. But in the meantime, I’m selling some puts below that level for Friday’s expiration. If these get in trouble I’ll have likely more than offset it by the profit on the calls.

Sold $NFLX Jan 15 97 puts @ .25. Expires Friday.