It’s about time we can sell some calls on this.
Sold $SVXY Jun 17 53.00 call @ 1.30
Author Archives: Ramie
Call spread in SPX for…
Call spread in SPX for the April monthly series
Sold $SPX 4/15 2095/2120 call spreads for 1.40 with SPX at 1973. Short strike is around 1 standard deviation (=2090). Another 120 points in the S&P would bring us right back up to the early Dec highs.
NUGT puts
Selling puts to offset all the short call exposure.
Sold $NUGT Mar 18 35 puts @ 1.00.
Getting back into EOG
I’ve been out of this name for a couple of months. Today’s move down is an opportunity to sell more puts. The strike price is below the recent low on 1/20.
Sold $EOG Apr 15 55.00 puts @ 1.30 with the stock near 65.
More NUGT calls
Sold $NUGT 3/24 80 call @ 3.40. Highest strike in a week where I had no NUGT positions.
New strikes for KOLD
Up to 300 for March and April.
Sold $KOLD Mar 18 300 call @ 7.00
#OptionsExpiration for 2/26 Expiring: $NUGT…
#OptionsExpiration for 2/26
Expiring:
$NUGT 02/26/2016 70.00 calls
$NUGT 02/26/2016 76.00 calls
$NUGT 02/26/2016 30.50 puts
$UVXY 02/26/2016 85.00 calls
$UVXY 02/26/2016 110.00 calls
No assignments this week.
Have a great weekend everyone.
Closing ARMH
Bought to close $ARMH Mar 18 36 puts @ .20. Sold for 1.10 on 2/10. Taking my 80% max profit 3 weeks early. Who knows what this market will bring.
TSLA getting tired? Selling a call
Sold $TSLA Apr 15 240 call @ 2.25. Pairing this with the 120 put I sold yesterday to create a wide (120 point) strangle.
$SPX call spread in 4/1
Sold $SPX Apr 1 2065/2090 BeCS @ 1.35.
Short strike is right in the middle of all that resistance from December.
Delta is 07, 1 standard deviation is 2058.
I’ll be pretty happy if I have to close this for a loss or roll it.
$NUGT new highest strike in June
Sold $NUGT Jun 17 94 call @ 10.00. Newest highest strike.
Closing put spread in SPX
Bought to close $SPX Mar 11 1665/1640 put spread for .10. Sold for 1.30 on 2/5.
TSLA short put
Sold $TSLA Apr 15 120 put @ 1.30
#VXXGame trades at the close…
#VXXGame trades at the close
I put on the following trades at the highest strikes in expirations where I didn’t yet have any positions.
Sold $UVXY Apr 15 90 call @ 2.20
Sold $UVXY Apr 1 (weekly) 115 calls @ .70
The golden volatility cross
We’re here again. SVXY is back higher than UVXY.
And the futures are in contango for the first time in quite a while: vixcentral.com
Covered calls on WMT
Sold Mar 18 66.50 calls @ .70
#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).
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 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
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.
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
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
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
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
$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
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
#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.
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.
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…
Options Bistro 