Offsetting short calls with some puts in Apr 1.
Sold $UVXY Apr 1 (weekly) 22 puts @ .60.
Author Archives: Ramie
#OptionsExpiration for 3/11 Expiring: $NFLX…
#OptionsExpiration for 3/11
Expiring:
$NFLX 03/11/2016 102 calls
$NUGT 03/11/2016 75 calls
$NUGT 03/11/2016 76 calls
$NUGT 03/11/2016 80 calls
$NUGT 03/11/2016 89 calls
$UVXY 03/11/2016 80 calls
$UVXY 03/11/2016 90 calls
$UVXY 03/11/2016 105 calls
No assignments this week.
UVXY: Reducing more short volatility positions
Taking these off at high max profit levels, continuing to reduce exposure into market strength.
Bought to close UVXY Mar 18 60 call @ .03 (sold for 8.36 on 8/20/15)
Bought to close UVXY Apr 15 90 call @ .20 (sold for 2.20 on 2/23/16)
Bought to close UVXY Jun 17 80 call @ 2.15 (sold for 10.40 on 1/7/16)
Bought to close UVXY Jun 17 85 call @ 1.95 (sold for 15.00 on 1/19/16)
SVXY covered call
Sold $SVXY Sep 16 60 call @ 2.20
Closing FB puts
Bought to close $FB Apr 15 87.50 puts @ .20. Sold for 1.26 on 2/5.
I’m taking around 85% max profit now instead of waiting over a month for the last .20.
Aug BIB
Adding to my May 30 puts and creating a ladder
Sold $BIB Aug19 25 puts @ 1.60
BIB hasn’t seen 25 since July 2013. I’m willing to take the chance that it doesn’t have another 35% down move between now and August. Delta of the puts is 13.
Closing some UVXY positions/Reducing short volatility exposure
Taking some #VXXGame trades off at over 95% max profit.
BTC $UVXY 3/18 110 call @ .02 Sold for 2.60 on 2/3
BTC $UVXY 3/24 80 call @ .14 Sold for 5.15 on 2/5
BTC $UVXY 3/24 95 call @ .08 Sold for 5.30 on 2/9
BTC $UVXY 3/24 105 call @ .06 Sold for 5.00 on 2/11
Rolling trade on NOW
I am short the March 60 puts as a rollout from an earnings trade gone bad. I sold the March 55 and 60 calls to bring in premium. Both of those are in the money now, but the 55 call had very little time premium so I rolled it to April for 1.30 credit.
Still a lot of time value left in the remaining March positions (basically an at the money straddle right now) so I will wait to see which way the stock breaks to determine my next roll.
SHAK up
Or more accurately, down after earnings.
Sold $SHAK Apr 15 32.50 puts @ 1.00.
Covered call on APA
Sold $APA Apr 15 57.50 calls @ 1.20
#OptionsExpiration for March 4 Expiring:…
#OptionsExpiration for March 4
Expiring:
$NUGT 03/04/2016 75.00 calls
$TZA 03/04/2016 85.00 calls
$UVXY 03/04/2016 95.00 calls
No assignments this week.
Have a great weekend everyone.
NUGT insane
Rolled today’s 70 calls up and out to next week (Mar 11) 76 calls for 1.98 credit
SVXY covered call
Adding slowly. I have a big long position that I will cover incrementally if we continue up.
Sold $SVXY Jun 17 65 call @ 1.40.
NUGT rolls
Executed the following:
Rolled $NUGT Mar 18 45 calls out to Apr 15 45 calls for 2.00 credit
Rolled $NUGT Mar 18 48 calls out to Apr 15 48 calls for 3.20 credit
Rolled $NUGT Mar 18 52 call out to Apr 15 52 call for 3.10 credit
Rolled $NUGT Mar 18 60 call up and out to Apr 8 (weekly) 63 call for 2.13 credit
AMZN Covered Call
Sold $AMZN Apr 15 650 call @ 2.55
Covered Calls on SVXY
It’s about time we can sell some calls on this.
Sold $SVXY Jun 17 53.00 call @ 1.30
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.
