STO $NUGT Aug 26 $250 calls @ $1.50
STO $NUGT Aug 26 $120 put @ $1.25
STO $NUGT Sep 2 $110 put @ $1.50
STO $NUGT Sep 2 $120 put @ $2.50
I will see how high $NUGT wants to go on this run before I look to sell Sep 2 Calls to pair off the puts.
Author Archives: Kelly
$NUGT
STO Aug 19 $220 call @ $1.20
$UVXY
STO $UVXY Aug 12 $25 calls @ $0.20
STO $UVXY Aug 19 $34 calls @ $0.20
STO $UVXY Aug 26 $34 calls @ $0.51
$UVXY
$UVXY STO Aug 19 $30 calls @ $0.40
Options Expiration
$NUGT $90 puts
$NUGT $100 put
$NUGT $110 put
$NUGT $200 calls
$NUGT $205 calls
$SVXY $42 puts
$SVXY $45 puts
$SVXY $50 puts
$UVXY $31.5 calls
$UVXY $34 calls
My overall $NUGT exposure keeps dropping every week. Not the right time to be selling many puts or calls so just keep having more positions expire than new positions being opened. Premium in way OOTM options isn’t that great right now and the margin requirements are huge on this thing. Would much rather trade $UVXY and $SVXY when the opportunities arise. #OptionsExpiration
$NUGT
STO Aug 26 $100 put @ $1.65
Only trade I’ve made today.
$NUGT
Seems to want to stabilize around $155, but Gold is still steadily dropping, I suspect at some point here $NUGT will take another leg down.
$UVXY
STO Aug 5 $31.5 calls @ $0.35
$UVXY
Got another fill, STO Oct 21 $55 call @ $4.30
$UVXY $SVXY $NUGT
STO $NUGT Aug 19 $110 put @ $1.05
STO $SVXY Aug 12 $52 puts @ $0.50
STO $UVXY Aug 5 $34 calls @ $0.30 (was early on these)
STO $UVXY Aug 26 $58 call @ $1.05
STO $UVXY Sep 2 $58 call @ $1.50
STO $UVXY Sep 9 $58 call @ $1.80
Market
Finally starting to see some selling in the market now. Will be looking for entries to sell some $UVXY calls.
Gold doing nothing, $NUGT’s got…
Gold doing nothing, $NUGT’s got mojo, go figure.
$NUGT
STO Aug 12 120/230 strangle @ $2.45
Options Expiration
$NUGT $70 puts
$NUGT $95 puts
$NUGT $100 put
$NUGT $230 calls
$NUGT $250 calls
$SVXY $35 puts
$SVXY $40 puts
$SVXY $47 puts
$UVXY2 $30 calls
This was one of those easy weeks where I never had any position that ever got challenged. Love weeks like that.
Have a great weekend. #optionsexpiration
$NUGT
BTC Aug 5 $100 put @ $.67 (sold for $2.06)
STO Aug 5 $110 put @ $1.40
$NUGT
STO Aug 12 $220 call @ $1.11
Staying small until we see how far gold/$NUGT decides to run.
$NUGT
BTC Jul 29 $180 call @ $0.12 (sold for $0.90)
Also looking to close out $175 call for $.20 or less if I can. Looking for Gold and $NUGT to go higher so wanting to take these off a little early and redeploy at higher prices.
$NUGT
STO Aug 12 $210 call @ $1.05
Got back from a meeting and saw that I got this fill. Looks like Ramie and I had similar ideas.
$SVXY
STO $SVXY Aug 5 $50 puts @ $.75
Options Expiration
Back home from my trip. Here were my expirations on friday 7/22.
$NUGT $75 puts
$NUGT $95 puts
$NUGT $105 put
$NUGT $122.50 put
$NUGT $200 call
$NUGT $225 calls
$NUGT $250 calls
$SVXY $40 puts
$SVXY $43.50 puts
$SVXY $47 puts
$UVXY $30 calls
Hey guy’s, I’m going to…
Hey guy’s, I’m going to be travelling tomorrow so won’t have any access to the market. I’ll try to post my expiring options at some point over the weekend.
Have a great weekend everyone.
Kelly
$NUGT
STO Jul 22 $122.50 put @ $1.00
STO Jul 29 $100 put @ $1.20
Also sold a very small number of calls, not the best time to be doing that, but I’m a little heavy on puts so needed to add a few calls just in case. I was early with these.
STO Jul 29 $180 call @ 0.90
STO Aug 5 $200 call @ $1.20
$NEM
Looks like it is trading up nicely after market so earnings must have been good.
$/GC $GLD $NUGT
Gold itself has been acting better than the miners today, could be a sign of some distribution. Rotating out of the miners and into Tech or something else.
$NUGT
Seems to be stabilizing, at least for now.
STO Aug 19 $80 puts @ $1.70
STO Jul 29 $95 puts @ $0.65
Want to add some short calls if we get more of a bounce. Will be short term and likely $175 or higher.
$NFLX
Really wanted to sell some short term, naked OTM calls on this but just not seeing enough premium at strikes I like to make it worth while.
$NUGT
Putting a small amount of money to work after last weeks expiration.
STO July 22 $200 call @ $.85
STO July 29 $230 call @ $1.10
OptionsExpiration
$NUGT $60 puts
$NUGT $75 puts
$NUGT $105 put
$NUGT $120 put
$NUGT $131 put
$NUGT $220 calls
$SVXY $40 puts
$SVXY $49 puts
$SVXY $51 puts
$UVXY $32 calls
Nicely profitable expiration this week. Have a great weekend everyone.
Kelly
$NUGT
With the market being strong, I’m just not digging how gold is trading. I took off my covered call this morning after $NUGT rebounded.
STC $NUGT @ $152 (bought for $152)
BTC $NUGT July 29 $155 calls @ $15.16 (sold yesterday for $20)
All in, made a little over $900 in about 10 day’s. I’ll take it.
$NUGT
#CoveredCalls Roll. BTC July 15 $152 calls @ $10.50 (sold for $15), STO July 29 $155 call @ $20.
$SVXY $NUGT
STO $SVXY July 22 $47 puts @ 0.55
STO $NUGT July 29 $110 put @ $2.50
STO $NUGT Aug 12 $85 put @ $1.30
STO $NUGT Aug 26 $80 put @ $2.00
Didn’t get to post this yesterday
$NUGT
STO July 22 $250 call @ $1.50, adding to position
Putting a little back to work after last weeks expiration.
#OptionsExpiration for July 8 $NUGT…
#OptionsExpiration for July 8
$NUGT $65 puts
$NUGT $75 puts
$NUGT $135 put
$NUGT $190 calls
$NUGT $195 calls
$NUGT $200 calls
$SVXY $35 puts
$SVXY $40 puts
$SVXY $45 puts
$NUGT
Looking to replace some puts that will expire today.
STO $NUGT Jul 22 $105 put @ $1.71 (1)
$SVXY #ShortCalls #ReverseRoll I might…
$SVXY #ShortCalls #ReverseRoll
I might not be around near the end of the day so went ahead and made this roll out a bit early.
Market is very strong today, coupled with the movement in the $VIX and Jeff’s note about an upside warning, I opted to Reverse Roll some calls expiring today into puts vs. rolling them up and out.
BTC $SVXY July 8 $52.5 calls @ $1.75 (2)
STO $SVXY July 22 $43.5 puts @ $0.50 (2)
STO $SVXY July 29 $40 puts @ $o.50 (2)
STO $SVXY Aug 5 $42 puts @ $0.75 (2)
I could have rolled into fewer higher priced puts, but chose to use the strikes near the Brexit low’s of basically $40 and it was only there for a few minutes.
$NUGT
The gold pull back doesn’t seem to be lasting very long so starting to look for some short term put sales.
STO July 15 $120 put @ $1.60
$NUGT
STO July 22 $250 call @ $1.25
$NUGT
Made some additional trades. When $NUGT just kept climbing even as Gold was dropping, I capitulated and closed my July 8 $170 call and rolled it into a July 15 $220/$131 Strangle.
I rolled my July 8 $175 calls up to July 8 $190, $195 and $200 calls once $NUGT started to show some weakness.
The reason I sold the covered call yesterday was so that if $NUGT continued to run higher, the profit from that trade would substantially cover any potential losses from the $170 and $175 calls.
$/GC $NUGT
Except for a spike at 11am, Gold has been drifting lower all session. But $NUGT is really hanging tough. At some point this afternoon, if Gold keeps drifting lower, eventually it would seem likely that the miners should start drifting lower as well playing some catch-up.
$NUGT
STO July 8 $135 put @ $1.20 expires friday.
Trying to lend some support to @fuzzballl.
$NUGT
OK, did something today that I wanted to do on a pull back, but it just isn’t pulling back. It will now though since I made this trade today. Bought the July 15 $152 Covered call for $137. It was not the optimal entry point, but after the pull back and quick rebound today, I went ahead and put the trade on. I know $NUGT could be at $120 by friday, but there are a lot of reasons for Gold/Miners to continue to go up and very few (other than some profit taking) for them to go down right now. I basically had to ask myself the question, “if this thing pulls back to $120, do I think it will go back above $137 or $152 in the reasonably near future?” I think that is almost a certainty. If it did pull back, I’d also get a shot to sell another call against it.
So if Fuzzy’s put sale doesn’t cause this stock to tank, this trade certainly will.
Tomorrow someone will announce a product that turns the Florida toxic algae into Gold for $100/oz
$NUGT
STO July 15 $220/$105 Strangle @ $2.65 (qty 1)
I’m continuing to get smaller on this name as weekly expiration’s occur. Adding a little back here. It would be great if $NUGT stayed below $170 this week but there is just no relenting in this stock. Keep expecting some profit taking in Gold and a pull back in $NUGT, but pull backs right now only seem to last for 30 mins and the buying comes back strong.
$DBC
BIG red candle.
$NUGT
About to go Negative on the day. Down $10 in the past 1 hr.
#OptionsExpiration Closed my $SVXY puts…
Closed my $SVXY puts yesterday, so here’s what I have expiring.
$UVXY $16 calls
$NUGT $60 puts
$NUGT $65 puts
$NUGT $90 put
$NUGT $150 call
$NUGT $160 calls
$NUGT $175 calls
$SVXY
With the big move the past few day’s, I’m expecting some profit taking tomorrow possibly some pull back in $SVXY.
BTC Jul 1 $51 put @ $2.60, sold for $1.05. I don’t think this will get out of the money and likely could a bit more in the money tomorrow, so taking it off today. Plan to roll tomorrow if we see some weakness.
BTC Jul 1 $45 puts @ $0.20, sold for $0.80 (not expecting a drop that far tomorrow, but was waaay under water a few days ago so don’t want to see it turn negative while trying to get the very last bit.
$SVXY
BTC $SVXY Jul 8 $67 calls @ $0.05
$UVXY $SVXY
To tag onto Iceman’s chart yesterday. Today $UVXY already dropped below where it was at the close last Thursday. $SVXY on the other hand is still more than $10 below where it was at.
$SVXY
STO July 8 $52.5 calls @ $0.65
Next week is a short week, likely very light volume and I think the market and $SVXY are going to run into some resistance. Easy to roll if needed. Would rather be rolling $SVXY calls than puts right now.
$SVXY
BTC July 1 $40 puts for a small profit. Not trusting the market right now. Today’s bounce has anemic volume and seems to be drifting lower.
#Market #Volume Looking at volume…
$NUGT
STO Jul 8 $75/$170 strangle @ $2.95
STO Jul 1 $150 call @ $1.75
$SVXY $UVXY
STO $UVXY Jul 22 $30 call @ $1.24
STO $SVXY Jul 15 $55 calls @ $0.55
OptionsExpiration
Ugly day, but here are my expiring positions
$NUGT $70 puts
$NUGT $75 puts
$NUGT $160 calls
Closed out my (2) $SVXY $52 puts @ $7.00 to avoid assignment. Since market didn’t bounce today, looks like probably more to come on Monday so chose to wait and roll them on monday. #OptionsExpiration
$NUGT $UVXY $SVXY
Had a meeting with my Boss right as the market opened so didn’t always get great fills. I’m planning to be done for the day unless there is some ugliness at the close that provides some opportunities. Sold all of these this morning. Premiums really didn’t jump as high as I was expecting and dropped off pretty quick.
$NUGT Jul 1 $160 call @$1.00 adding to position
$NUGT Jul 8 $175 call @ $1.55 adding to position
$NUGT Jul 15 $175 call @ $4.00
$NUGT Jul 22 $175 call @ $4.68
$NUGT Jul 29 $175 call @ $7.00
$UVXY Jul 22 $30 calls @ $0.60
$UVXY Jul 29 $30 calls @ $0.75
$UVXY Aug 19 $34 calls @ $0.85
$SVXY Jul 8 $35 puts @ $0.45
$SVXY Jul 22 $40 put @ $1.85
$SVXY Jul 29 $35 put @ $$1.11
$SVXY Aug 19 $40 put @ $2.78
$SVXY Sep 16 $35 puts @ $2.30
$VIX on the move
Now above $20
$VIX is creeping back up….
$VIX is creeping back up. If it gets back above $20, I’ll be looking at selling some $UVXY calls.
$SVXY
STO July 15 $68 calls @ $0.80
$GDX $NUGT
Gold miners performance is pretty impressive today. Gold down $20 and $NUGT only down $5. In the past we’ve seen $20 moves in gold exhibit very big moves in $NUGT, not today, or at least not yet today.
$SVXY
STO July 8 $67 calls @ $0.65
These cover some short puts. Will be looking to sell a few more calls to cover additional short puts.
$NUGT $SVXY
Since I had a couple of weeks of travel planned over the past 3 weeks, I purposely didn’t add new positions and let my existing ones burn off. Today, I’m beginning to add a few positions. Not optimal time/premium (that happened last week while I was gone) but I want to get a little more exposure on the books.
$SVXY STO July 15 $40 puts @ $0.90
$NUGT STO June 24 $140 calls @ $0.90
$NUGT STO July 1 $60 puts @ $0.75
$NUGT STO July 1 $175 calls @ $0.95
Have the following orders in:
$NUGT July 15 $60/$175 strangles
$NUGT July 22 $55/$175 strangles
$NUGT $UVXY $SVXY
As I was expecting based on what was happening last friday, looks like I missed out on very good opportunities to sell options this week while I was gone. Will look for a few opportunities today to make some small trades.
#OptionsExpiration All I have this…
#OptionsExpiration
All I have this week
$NUGT $155 calls
$NUGT
STO Jul 1 $65/$160 Strangle @ $4.70
$NUGT
Wish there were higher strikes in the $NUGT calls in the coming weeks.
$SVXY
STO Jul 1 $45 puts @ $0.80
STO Jul 8 $45 puts @ $1.05
$NUGT
Drag. Yesterday, $GDX went above the 5/2 high. $NUGT topped out $10 below it’s 5/2 high.
$NUGT
I was at an all day offsite yesterday so away from the market. Had a GTC order get filled.
STO $NUGT Jun 24 $160 call @ $2.10
$NUGT #Market He guy’s, back…
$NUGT #Market
He guy’s, back from trip. Fishing was good. It was great to just relax and not think about the market (or the day job) for a whole week. Looks like I didn’t miss anything until Friday morning. Today I was jammed so just now getting a chance to look for opportunities to enter a few new trades in $NUGT. Wanting to stay small until after the fed meeting.
#OptionsExpiration $NUGT $55 puts $NUGT…
$NUGT $55 puts
$NUGT $60 puts
$NUGT $63 puts
$NUGT $65 puts
$NUGT $170 calls
$NUGT $175 calls
They gang, have a great weekend. I’m on a trip all next week with no market access during trading hours. Normally, that’s not a big deal, but with Gold pretty weak, I took profits and closed my June 3 and June 10 $50 and $60 short put positions on the rebound mid day. I’m still short some calls, but they are from $155 to $185 so I’m going to let them ride. Will look to become a bit more active trading after the FOMC meeting, being that it is only a few day’s after I get back. This way, I don’t have to spend a moment thinking about the market next week. Just relax, fish and maybe enjoy an alcoholic beverage to 2.
$NUGT
Pretty interesting the strength in gold miners. Last time gold was at these levels, GDX was just above $19 (now nearly $23) and $NUGT was below $55 (now above $76)
#FOMC Just to throw it…
#FOMC
Just to throw it out here for folks. I believe the June FOMC Statement is scheduled for 2pm on June 15.
#OptionsExpiration Hey guy’s, just getting…
#OptionsExpiration
Hey guy’s, just getting home. Here are my expirations:
$NUGT $60 puts
$NUGT $65 puts
$NUGT $70 puts
$NUGT $120 calls
$NUGT $150 calls
$NUGT $160 calls
$NUGT $170 calls
Ended up with some good premium this week. I messed up my $NUGT $80 puts yesterday and closed them early and rolled them. With out being able to monitor the market, I just wasn’t comfortable with the position. Sold them too early on Wed. Thought $NUGT was stablizing at $93 – $94, only to have it take another $10 drop after I sold them.
$NUGT
On a bit of strength this morning
BTC 2 May 20 $80 puts
STO 2 Jun 10 $55/$150 strangles
STO 1 Jun 17 $180 call
STO 1 Jun 17 $185 call
Not the best time to be selling calls, but didn’t want to just roll the puts down and out just in case there is further pull back. Gold seems to be firming up now so we’ll see what happens.
I will have limited access to the market today, and virtually none tomorrow and just didn’t want to have to try to baby sit that position.
$NUGT
After the fed minutes, STO May 20 $120 calls @ $0.50
Options Bistro 