Pretty light week.
$UVXY $22 Calls
$UVXY $25 Calls
$UVXY $27 Calls
$UVXY $45 Calls
$VXX $50 Calls
Have a great weekend everyone.
#VxxGame
Author Archives: Kelly
$UVXY
STO Nov 4 $23 calls @ $0.20
$SVXY $UVXY
Added a couple more positions on the spike
STO $SVXY Nov 4 $62.50 puts @ $0.35
STO $UVXY Nov 11 $30 calls @ $0.31
#Market Wow, someone turned on…
Wow, someone turned on a sell program @ 1pm.
$DUST
STO Nov 18 $70 calls @ $0.55
$UVXY
STO DEC 2 $35 calls @ $0.41
$SVXY
After the bell got a fill. Again, only small position.
STO $SVXY Nov 11 $60 puts @ $0.55
$UVXY
Looks like the spike is subsiding already, added a couple more small trades.
STO $UVXY Nov 11 $22 calls @ $0.30
STO $UVXY Nov 18 $22 calls @ $o.50
$VXX $UVXY
STO Nov 18 $VXX $43 calls @ $0.35
STO Nov 18 $UVXY $25 calls @ $0.35
Made a couple of small trades on the small spike this morning, just in case it is very short lived, as has been the trend lately. Will add positions if this turns out to be a bigger spike.
$GDX $GLD
Gold miners are pretty weak today given that gold is flat to up a smidge.
$DUST
Added 1 more
STO Nov 18 $65 calls @ $0.60
$DUST
Hey @fuzzballl, did TD Ameritrade make a change to margin requirements on these instruments? Last week when I was looking at some trades, the margin requirement was huge. This week I’ve put on a couple of trades because the margin requirement is only a fraction of what it was a week ago. I’d guess that it is about 1/3 of what it was. Reference our conversation last week on the topic.
Just curious if you have seen this as well. At least in my account, something definitely changed.
$DUST
STO Nov 11 $60 calls @ $0.70
$DUST
STO Nov 4 $50 calls @ $0.75
$UVXY
Looks like new all time lows again today for $UVXY
Options Expiration
#VXXGame
#ContangoETFs
I have to leave for a meeting so need to post these a few minutes early.
$KRA $30 Puts
$SVXY $40 Puts
$SVXY $55 Puts
$SVXY $57 Puts
$SVXY $60 Puts
$UVXY $22 Calls
$UVXY $24 Calls
$UVXY $26 Calls
$UVXY $30 Calls
$UVXY $35 Calls
$UVXY $50 Calls
$VXX $46 Calls
A bunch of open contracts rolling off today.
Have a great weekend everyone.
Market
I’m really surprised at how low the $VIX and $VXX instruments are given how weak the market has been acting and how bad the charts of the indexes look. Still a pretty healthy contango in the $VIX futures curve driving $UVXY lower and $SVXY grinding higher. $SPX is below yesterday’s low, yet $UVXY is well below yesterday’s high.
$UVXY
STO Nov 11 $27 calls @ $0.50. Will add if premium improves.
Options Expiration
$SVXY $45 puts
$SVXY $75 calls
$UVXY $22 calls
$UVXY $26 calls
$UVXY $30 calls
$UVXY $40 calls
$VXX $45 calls
Have a great weekend everyone.
$SVXY
When $SVXY broke back below $72, I sold my stock. Not liking the way things are trading. My covered call trade was still profitable by about $300 all in.
#MARKET Making new highs on…
#MARKET
Making new highs on the day. Thus far $UVXY has been hanging tough about $17. Come on Vol Suck, daddy needs to sell a $SVXY $75 call for next week. 🙂
#Market Looks like it wants…
#Market
Looks like it wants to get into the Green by the end of the day. Getting some mojo.
$VXX $UVXY
Nibbling
STO $VXX Nov 4 $50 calls @ $0.50
STO $VXX Nov 11 $55 calls @ $0.52
STO $UVXY Nov 4 $30 calls @ $0.70
$UVXY
STO Oct 28 $27 calls @ $0.40
$UVXY
Nibbled,
STO Oct 28 $25 calls @ $0.50
STO Oct 21 $22 calls @ $0.45
$SVXY
It’s good to be back home. Spent a week in New Mexico, took in some of the balloon fiesta and visited relatives. Unfortunately, I had very little market access all week. Fortunately, there wasn’t a lot to do. Since I knew I would not get home until after the market closed today, I entered an order over the weekend to replace my covered calls that expired on friday. Got a fill today right at the open. Guess I had my limit set too low.
STO Oct 14 $75 call @ $1.95
With the move that $SVXY made today, obviously that wasn’t a great fill. But this has been a nice little trade so I’ll take it. Who knows what will happen by friday.
Options Expiration
$SVXY $45 Puts
$SVXY $50 Puts
$SVXY $75 Call – covered call need to replace on Monday
$UVXY $24 Calls
$UVXY $30 Calls
$UVXY $35 Calls
$UVXY $40 Calls
$UVXY
Nibbled STO $UVXY Oct 14 $22 calls @ $0.45
$UVXY
Hey guy’s, was driving all day yesterday so didn’t get to check on the market at all but I saw that I got 1 order filled.
STO $UVXY Oct 21 $26 calls @ $0.60
OptionsExpiration
$SVXY $45 puts
$SVXY $50 puts
$UVXY $24 calls
$UVXY $25 calls
$UVXY $27 calls
$UVXY $30.5 calls
Not a big expiration but nice steady profits. Have a great weekend everyone.
#OptionsExpiration
$UVXY
STO Oct 21 $30 calls @ $0.54
STO Oct 14 $26 calls @ $0.40
$VXX $SVXY $UVXY
Had to chase some of these a bit, premium was dropping faster than I could keep up with getting orders placed.
STO $VXX Oct 21 $46 calls @ $0.50
STO $VXX Oct 28 $50 calls @ $0.50
STO $UVXY Oct 28 $45 calls @ $0.40
STO $UVXY Nov 4 $35 calls @ $0.90
STO $UVXY Oct 21 $35 calls @ $0.42
STO $SVXY Oct 21 $55 puts @ $0.85
STO $SVXY Oct 21 $57 puts @ $1.00
STO $SVXY Oct 21 $60 put @ $1.49
$UVXY
Nibble
STO Oct 14 $30 calls @ $0.50
$UVXY
New all time low today.
$SVXY CoveredCall Rollout
BTC Sept 30 $75 call @ $1.00 (sold for $2.25)
STO Oct 7 $75 call @ $2.51
Hey guy’s, I’ve been sequestered…
Hey guy’s, I’ve been sequestered in a project room at work all week so haven’t been around or even able to do much. I’ve only made 1 trade all week. On monday STO $VXX Oct 14 $45 calls @ $0.50
Hope you guy’s have been having a great trading week. Looks like there has been some activity, wish I could have participated.
Kelly
Options Expiration
Only #VXXgame expirations this week.
$SVXY $55 puts
$SVXY $60 puts
$UVXY $23 calls
$UVXY $30 calls
$UVXY $32.5 calls
$UVXY $35 calls
$UVXY $40 calls
$UVXY $45 calls
Have a great weekend everyone.
#optionsexpiration
$UVXY
Looks like $UVXY has been at an all time low pretty much all day today.
$SVXY
Initiated Sept 30 $75 covered call this morning @ $72.75
With $VXX nearing a new all time low and with the amount of contango in the $VIX term structure, I think $SVXY will be grinding higher for a while. Would have been better to do this right after the fed announcement. I got too focused on looking for $UVXY trades and missed that opportunity. I still think this a simple way to hit some singles.
$UVXY
STO $UVXY Sep 23 $23 calls @ $0.33
STO $UVXY Sep 30 $24 calls @ $0.63
STO $UVXY Sep 30 $25 calls @ $0.57
STO $UVXY Sep 30 $27 calls @ $0.40
STO $UVXY Oct 7 $30 calls @ $0.51
OptionsExpiration
$NUGT $28 calls (last of my $NUGT positions)
$SVXY $35 puts (sold during Brexit spike @ $2.30, should have sold lots more)
$UVXY $25 calls
$UVXY $27 calls
$UVXY $30 calls
$UVXY $32 calls
$UVXY $55 calls
Nicely profitable week, a bunch of $UVXY contracts rolling off so in very good shape going into next week. A lot of dry powder, likely get a chance early next week to put money to work.
Have a great weekend everyone. #optionsexpiration
$UVXY
Only made 1 trade today, so far anyway.
STO $UVXY Sep 30 $30.5 call (1) @ $1.75
For some reason, this is the highest strike for that weekly. Likely going to see higher strike prices coming and maybe even higher prices, so only sold qty 1
Market
Somebody started buying at 10:38. Market made a pretty good move higher and $UVXY took a dive. We’ll see if it lasts.
VxxGamePlan
Since this volatility event looks to be going to hang around for a bit (not just a 1 or 2 day thing), I’m not to worried about missing opportunities. Put money to work on Friday and Monday. I didn’t do anything yesterday, and don’t plan to do anything today. I’m planning to wait until Friday morning. I have a lot of contracts set to expire this week, and on Friday morning I’ll have a pretty good idea of where I will be at, will I need to roll anything, etc… Then I will look to open more new positions. Still have a lot of dry powder, just not in a hurry to put it to all to work. Seems likely that we’ll get more chances. I sort of like that the market is choppy vs just going straight down, feels more like a pull back than a deep correction as there is buying coming into the market.
Market just spiked, Vol dropped….
Market just spiked, Vol dropped. Must have liked what ever Brainard said.
$UVXY $SVXY
Adding a couple more as volatility continues to come in.
STO $UVXY Sep 23 $25 call @ $1.80
STO $SVXY Oct 7 $45 puts @ $0.75
#VXXGame Got these fills at…
#VXXGame
Got these fills at or shortly after the open
$UVXY Sep 16 $32 calls @ $0.32
$UVXY Sep 16 $30 calls @ $0.45
$UVXY Sep 23 $40 calls @ $0.60
$UVXY Sep 23 $45 calls @ $0.50
$UVXY Oct 7 $30 calls @ $2.60
$UVXY Oct 7 $35 calls @ $1.84 and $1.80
$UVXY Oct 7 $40 calls @ $1.47
$UVXY Oct 14 $40 calls @ $1.80
$UVXY Oct 21 $55 calls @ $1.59
$UVXY Nov 18 $45 calls @ $3.20
$SVXY Sep 30 $50 puts @ $1.05
$SVXY Oct 7 $50 puts @ $1.25
$SVXY Oct 14 $45 puts @ $1.10
$SVXY Oct 21 $40 puts @ $0.85
Putting some cash to work, mostly short term. Will look for some longer term opportunities now.
#Market Looks like future are…
Looks like future are steadily improving and not going to see a gap lower at the open. $UVXY looking like it is now flat to Friday’s close even though $VIX is higher (19 at this moment, but dropping from 20.5) . Will be looking to open a number of #VXXGame trades at the open since I didn’t put on any trades late in the day on Friday sort of expecting more downside follow through today. I put in a bunch of orders, we’ll see how many actually get filled.
Options Expiration
$NUGT $26 calls
$SVXY $58 puts
$UVXY $34 calls
$UVXY $58 calls
I was getting very low on open positions, thus this weeks expiration is very light. Next week looks to be getting sporty for the #VxxGame.
Have a great weekend everyone.
#optionsexpiration
#Market Art Cashin often says…
#Market
Art Cashin often says that markets don’t bottom on Friday’s. So unless we get a big woosh down into the close, I’m planning to hold off until monday before making more trades. Luckily for me, my trading account was sitting very close to being all cash, had very few open positions left going into today. So I’ve got a lot of dry powder to put to work. Just did some nibbling today, early next week might provide chances to really do some selling.
I did some charting of the $SPX this morning looking at some fib levels and some other random levels.
Fib retracements from the Brexit bottom to the high.
23.6% 2146 (right where we are as I right this)
38.2% 2116
50% 2093
61.8% 2069
Fib retracements from Feb low
23.6% 2103
38.2% 2047
50% 2002
61.8% 1956
Other levels
3% pull back 2127
5% pull back 2083
Flat on year 2045
$UVXY
$UVXY looks to be pulling back now so:
STO Oct 7 $40 calls @ $0.64
STO Sep 16 $25 calls @ $0.32
$SVXY
Nibbled STO 2 Sep 23 $60 puts @ $0.65
$NUGT
Option premiums have really dried up since the split. Given how much this thing can move in 3 or 4 days, I’m just not likely to be entering new options positions. Will probably only look to enter positions when it gets to an extreme.
Options Expiration
Light week this week. My open positions keep burning down and cash position keeps growing. Looks like the next catalyst might be the FED meeting.
$NUGT $27 calls
$NUGT $52 calls
$SVXY $58 puts
$UVXY $27 calls
$UVXY $40 calls
$UVXY $58 calls
Have a great weekend everyone.
$NUGT
Looks like I should have been a bit more aggressive this morning. Rolling over again now and premiums have cratered.
$DXY is now up on…
$DXY is now up on the day, we’ll see what happens to gold now.
$NUGT
Nibbled a little, waiting to see if the move higher holds before anymore trades
STO Sept 9 $26 Calls @ $0.30
STO Sept 16 $28 Calls @ $0.45
$NUGT
For all intents and purposes, $NUGT has now been cut in half in the past 3 weeks. 36 to 18.
Options Expiration
Here are my expirations for this week. If it hadn’t been for the $NUGT meltdown, would have been a pretty good week.
$NUGT $16 puts
$NUGT $38 calls
$NUGT $50 calls
$SVXY $40 puts
$SVXY $45 puts
$UVXY $27 calls
$UVXY $34 calls
$UVXY $58 calls
$UVXY
STO Sept 9 $34 calls @ $0.41
$NUGT
STO Sept 2 $27 calls @ $0.35
Looking for some additional short term entries. I think there is a lot of resistance to chew through between $22 and $27. Will roll up if needed. Not sure yet if I will pair these off with short puts or not. If $NUGT starts to firm up, I might, otherwise I’m sticking with short calls. I don’t know if $NUGT has a further big short term drop coming as it already has had a sizable one. I just don’t know what the catalyst is for a move much higher. Wednesdays sell off was on very high volume. Thursday’s bounce was on barely average volume and today looks to be another big red high volume candle. So people were selling into strength. If gold drops below $1320’ish, then I think we are looking at another leg lower in the miners.
$SVXY
STO Sep 9 $58 puts @ $0.50
$NUGT
I missed the whole move while I was in meetings. STC $NUGT $23.5/$25.5 call spreads @ $0.55 (Bought for $0.65 yesterday). This would have been nicely profitable for a while it looks like. But as was my plan, I’m out. Took a shot and only cost me $0.10.
$NUGT
I’m watching $NUGT very closely today, we’ve gotten a bit of a bounce and that is pulling some premium out of my short puts. I’d like to see a more enthusiastic bounce, but without some help from Gold, that’s not going to happen. I only had a small number of puts left. At this point, I’ve made back more than 1/2 of what I lost yesterday. I can close out all of my remaining short puts for about a $2K loss and just get out of the way until after we see what happens tomorrow. Then will re-enter trades as opportunities arise. A $2K loss sucks but I can make that back, just don’t want it to turn into a $5K loss.
As I type this, it looks like Gold is loosing some momentum so I’m going to close out my puts soon.
$/GC
Someone sold way more gold than the market could absorb during the thinly traded premarket and tanked it @ 8:40am.
$NUGT $GLD
Another day where Gold is really doing nothing, yet miners are getting crushed. Suddenly no one wants to own the miners.
Options Expiration
$NUGT $80 Puts
$NUGT $85 Put
$NUGT $110 Put
$NUGT $130 Put
$NUGT $137 Put
$NUGT $175 Call
$NUGT $220 Call
$NUGT $250 Call
$SVXY $40 Puts
$SVXY $45 Puts
$UVXY $30 Calls
$UVXY $34 Calls
$UVXY $60 Calls
Have a great weekend everyone,
Kelly
$NUGT
With as weak as $NUGT has been this week, decided to add some short calls for next week.
STO Aug 26 $190 calls @ $0.75
$UVXY
Looks like I missed a trade yesterday. After the Fed minutes came out:
STO Aug 26 $27 calls @ $0.40
$NUGT
I spent most of my day with no market access but did get to make a few trades. My timing wasn’t great on these so premium not as good as it could have been, just had to make trades when I could.
STO Aug 19 $130/$175 strangle @ $1.60
STO Aug 19 $137 put @ $1.00
STO Aug 26 $110 put @ $1.05
$GLD $NUGT
Amazing, $GLD damn near flat on the day doing nothing, yet the miners are getting crushed. In the past when we’ve seen this, $NUGT corrects back to match what is happening with gold. Maybe this time Gold catches up (or down in this case) to the miners. Was in meetings most of morning so just now getting to open some trades. Have order in for Aug 19 $130/$175 strangles.
#Market #Anniversary Hey guy’s, last…
Hey guy’s, last summer, the day before August Monthly expiration, was when the market started it’s violent move. We are about to lap that event. Likely to be getting some press this week and possibly make people a bit skittish.
Options Expirations
$NUGT $85 puts
$NUGT $120 put
$NUGT $210 call
$NUGT $220 call
$NUGT $230 call
$SVXY $52 puts
$UVXY $25 calls
Nicely profitable week where no positions ever got challenged. Love it when that happens.
#optionsexpiration
#Gold Someone hit the sell…
Someone hit the sell button a bunch of times and left for lunch @ 12 noon.
$NUGT
STO $NUGT Sep 2 $260 Call @ $2.50
Options Bistro 