Sold $SVXY Jan 15 2016 61.00 call @ 1.25
Author Archives: Ramie
SCTY strangle
Borrowing this idea from TastyTrade. A 30 point wide short strangle in January for 1.45 credit. No earnings expected before opex.
Sold $SCTY Jan 15 2016 35 puts @ .73
Sold $SCTY Jan 15 2016 65 calls @ .72
$KOLD roll
I just eliminated my last December call position by rolling it up and out to January for 8.64 credit.
Bought $KOLD Dec 18 200 call @ 18.10
Sold $KOLD Jan 15 2016 210 call @ 26.74
Options Expiration for Dec 11
Expiring:
$NUGT 12/11/2015 36.50 calls
$UVXY 12/11/2015 41.00 calls
$UVXY 12/11/2015 55.00 calls
No assignments today.
Closing SVXY to avoid assignment
Bought to close $SVXY Dec 11 45 put @ .35 as it dipped below the strike price minutes before the close. Sold for 1.50 on 11/12 so I’ll take my 75% of max profit off to avoid the risk. Already plenty long SVXY…
Another #VXXGame trade Proceeding cautiously…
Another #VXXGame trade
Proceeding cautiously here, being really picky about which opportunities to jump on.
Sold $UVXY Dec 24 70 call (highest strike) @ 1.85. Adding to position at a higher premium.
UVXY January
I tried to take this trade last week when Iceman posted it but I missed it. Caught it today though, and now the premium is even better than my sale. I may sell more if it continues to rise.
Sold $UVXY Jan 15 2016 170 calls @ .70.
Thanks Iceman.
SPX put spread
I was pretty light on the put side so I decided to put this one on at close to 2 standard deviations away, and below the August low.
Sold $SPX Dec 31 1865/1840 BuPS @ 1.25
KMI bottom?
Not my usual kind of trade because I’m selling puts on a big up day but I think with the dividend cut out of the way the stock looks to have possibly found a bottom. I’m willing to take the chance that 15 is in the rear view mirror so I put on a speculative put sale in January.
Sold $KMI Jan 15 2016 15 puts @ .67 (average). The IV is 67 which around its 90th percentile, so premium is still rich this morning.
CMG: I told you I wasn’t ready
To eat there yet. Looks like I probably shouldn’t have been ready to sell puts on it yet either.
More illness/possible E.coli, this time in Boston. Shares got shmeissed again after hours.
http://www.reuters.com/article/us-chipotle-mexican-ecoli-idUSKBN0TQ2T520151207#Dg2XvF1YGjLt3S9m.97
Rolling XOP
With the Dec strike getting breached, I rolled my 32 puts out to Jan 32 puts for .80 credit.
Bought to close $XOP Dec 18 32 puts @ 1.36 (sold for .47 on 11/17)
Sold to open $XOP Jan 15 2016 32 puts @ 2.16
$CMG: Not ready to eat…
$CMG: Not ready to eat there yet but I’ll take a chance on the stock right here
Playing today’s bounce as a possible shorter term low in the stock.
Sold Dec 18 475 put @ 1.60. Strike price is 2 standard deviations away and right around the 2 year low in the stock from May 2014. IV rank is high at 69.
$UVXY calls in March
A #VXXGame trade. Sold $UVYX Mar 18 2016 165 calls @ 1.05. Highest strike.
$KOLD rolls
Rolled my ITM Dec positions out to January for credits and in the process made some tax moves, keeping the losses in 2015. Utilizing the TastyTrade strategy and rolling to the same strike, pulling in more credit than rolling up.
Rolled $KOLD Dec 18 115 call out to Jan 115 call for 2.08 credit
Rolled $KOLD Dec 18 118 call out to Jan 118 call for 2.41 credit
Rolled $KOLD Dec 18 136 call out to Jan 136 call for 5.12 credit
#OptionsExpiration
For 12/4
Expiring:
$SVXY 12/04/2015 50.00 puts
$UVXY 12/04/2015 50.00 calls
$UVXY 12/04/2015 22.50 puts
No assignments. Have a great weekend everyone.
NUGT: Adding to June position
Adding at the highest strike in June. Premium 1.00 higher than on Tuesday.
Sold $NUGT Jun 17 2016 72 call at 4.00.
NUGT: Short calls in March
NUGT: Short calls in March
SVXY Jan weeklies
Starting to fill in the first Jan weekly.
Sold $SVXY Jan 8 (weekly) 45 put @ 1.26.
New Years Eve #VXXGame Sold…
New Years Eve #VXXGame
Sold $UVXY Dec 31 56 calls @ .70. Highest strike.
Will it ever get KOLD again?
Sold Dec 18 200 (highest strike) for 2.00, with $KOLD at 162.
NUGT calls
Sold $NUGT Jun 17 2016 72 calls @ 3.00. Highest strike.
SVXY covered calls
Sold the following:
$SVXY Dec 31 65 call @ 1.75
$SVXY Jan 15 70 call @ 1.35
Added:
$SVXY Jan 15 68 call @ 2.00
Covered calls in SVXY
Sold $SVXY Dec 24 (weekly) 65 calls @ 1.25
New strikes for KOLD
Strikes now up to 200. Sold Jan 200 call @ 6.00.
Options Expiration
Expiring:
$AAPL 11/20/2015 120 calls (covered)
$AAPL 11/20/2015 105 puts
$AMBA 11/20/2015 45 puts
$AMZN 11/20/2015 635 puts
$AVGO 11/20/2015 95 puts
$BIB 11/20/2015 42.50 puts
$EOG 11/20/2015 75 puts (covered–I’m short the stock)
$FL 11/20/2015 52.50 puts
$JOY 11/20/2015 14 puts
$KOLD 11/20/2015 100 puts
$KORS 11/20/2015 37.50 puts
$LLY 11/20/2015 72.50 puts
$SVXY 11/20/2015 47.50 puts
$SVXY 11/20/2015 52 puts
$SVXY 11/20/2015 67 calls (covered)
$SVXY 11/20/2015 70 calls (covered)
$SWKS 11/20/2015 75 puts
$TDG 11/20/2015 200 puts
$UVXY 11/20/2015 100 calls
$UVXY 11/20/2015 26 puts
$WYNN 11/20/2015 55 puts
$ZSL 11/20/2015 67.60 calls
$ZSL 11/20/2015 85 calls
Asssignments–Going long stock:
$GMCR 11/20/2015 70 puts
$HAIN 11/20/2015 60 puts
Stock being called away:
$KOLD 11/20/2015 140 calls
NUGT calls
Sold $NUGT Jan 15 50 calls @ 1.15
NFLX: Closing some short puts
Bought to close $NFLX Nov 20 108 puts for .18. Sold on 11/16 for 1.27
Closing another:
Bought to close $NFLX Dec 4 100 puts for .41. Sold on 11/16 for 1.55
Building a ladder in $UA
Adding a January position to what has now become a short put ladder.
Sold $UA Jan 15 2016 70 put @ 1.20
I am now short the following puts:
Dec 80
Jan 70
Apr 65
XOP short puts
A small position to take advantage of the high IV rank (66). Strike is at the late Sep lows.
Sold $XOP Dec 18 32 puts @ .47
NFLX Short Puts
$NFLX Selling some additional premium to offset short call exposure.
Sold $NFLX Dec 11 (weekly) 100 puts @ 1.27
$SPX call spread
#SPXCampaign Sold Dec 11 2140/2165 BeCS @ 1.20. Short strike has a delta of 07 and is outside 1 standard deviation (2135), and above the all-time high.
$NFLX rollout
Rolling this week’s puts up to 30 delta strike for more premium.
Bought to close $NFLX Nov 20 100 puts @ .25 (sold for 1.20 on 10/30/15)
Sold to open $NFLX Nov 20 108 puts @ 1.27
Credit: 1.02
$NFLX Short Puts
Selling some additional premium to offset short call exposure.
Sold $NFLX Dec 4 (weekly) 100 puts @ 1.55
Options Expiration 11/13/15
A light week this week:
Expiring
$SPX 11/13/2015 2120/2145 call spreads
$SPX 11/13/2015 2140/2165 call spreads
$SVXY 11/13/2015 65 calls (covered)
Have a great weekend everyone.
NFLX
$NFLX breaking below 105, rapidly heading toward the 50 day moving average. Will be interested to see what happens into the close today.
$VIX Futures
Front 2 months of the futures are in backwardation again. Not sure how much longer it will last but something to note for volatility sellers.
www.vixcentral.com
$UA Short Puts
On the huge move down this morning, I’m throwing this one out there, taking a chance that the stock won’t be below the 8/24 market panic low at December expiration.
Sold $UA Dec 18 80 puts @ 1.55.
Delta is 23.
IV rank for $UA is currently in the 70th percentile.
Options have pretty good liquidity.
$NFLX short puts
Selling some premium to offset short call exposure. Sold $NFLX Nov 27 (weekly) 100 puts @ 1.25.
ZSL May call
#ContangoETFs Sold $ZSL May 20 2016 180 call @ 6.50. Highest strike in May.
$UVXY calls
Sold Dec 18 70 calls @ 1.08. Taking advantage of the move down in the market to get some positions in December.
ZSL Dec calls
Sold the highest strike in December. $ZSL 155 calls @ 1.40.
$SVXY puts
#VXXGame Using today’s pullback to add positions in a weekly where I didn’t have any.
Sold $SVXY Dec 4 (weekly) 50 put @ 1.55.
Options Bistro 