I was tied up in an event at work today so just now getting to post. Only made 1 trade today.
STO May 27 $175 call @ $1.00
Author Archives: Kelly
#OptionsExpiration $NUGT $50 puts $NUGT…
$NUGT $50 puts
$NUGT $55 puts
$NUGT $65 puts
$NUGT $70 puts
$NUGT $73 put
$NUGT $75 put
$NUGT $77 put
$NUGT $150 calls
$NUGT $170 call
$DXY $GLD
Dollar making a pretty good move higher but Gold really barely moving. Gold has been surging more on weak dollar than it has been giving back on a strong dollar. Continues to be an underlying bid.
$NUGT
2 days in a row, spike higher for 30 min’s then crater.
$NUGT $GLD
WOW! didn’t expect to see $NUGT sell off like it is with Gold up on the day. Didn’t even get a chance to fire off any Call sales.
#Markets Not seeing much to…
Not seeing much to do today. Dollar really isn’t doing much but gold strong and miners strong. $NUGT not at a good level for selling puts or calls at the moment. Won’t sell any calls until it shows some signs of peaking. We’ll see what happens if it gets near $120. It is now kind of too high to get any premium for puts, so risk/reward not there. So, I’m going to take the rest of the day off and go fishing.
I believe the S&P is back to being negative on the year. Don’t have access to CNBC right now, but if it is negative, I’m sure they are making a big deal about it.
I only have 1 remaining position expiring today. $NUGT $60 puts. I’m pretty sure that one is going to be safe
Have a great weekend everyone.
$NUGT
Since I don’t have an edge on what the employment number is going to do tomorrow and ultimately what that will do to the Dollar and to Gold/Gold Miners. I took advantage of this mornings strength to make the following trades to give myself more room to the downside just in case the dollar spikes higher.
BTC May 6 $90 puts
BTC May 6 $85 puts
BTC May 13 $80 put
STO 2 May 20 $60/$160 strangles
STO 2 May 27 $55/$170 strangles
All in, took in a $0.50 credit
$/GC $NUGT
Pretty interesting that over the last hour or so, Gold has been pretty stable at $1284 +/- a dollar or two, but the miners continued on the downward slide.
$NUGT
Rolled May 20 $130 call into 2 May 20 $170/$65 straddles for a $.50 credit
$NUGT
STO May 20 $60 puts @ $0.95
$NUGT
STO May 13 $125 call @ $3.00
STO May 13 $130 call @ $2.00
STO May 20 $130 call @ $4.00
$NUGT really moving now
$NUGT really moving now
$NUGT
STO Apr 29 $99 calls @ $0.60
$DXY $/GC $GLD
$DXY $/GC $GLD
Dollar very weak today but Gold barely reacting.
$NUGT
Been a long time since $NUGT moved this little in a day. Calm before the FMOC storm later this week possibly.
$NUGT
Following friday’s expiration, I put a tiny amount of money back to work this morning. Don’t intend to make anymore trades until $NUGT moves further either higher or lower.
STO May 13 $50 puts @ $0.95
$DXY $NUGT
Interesting that with as weak as the dollar is and gold showing strength that the miners are really doing pretty much nothing this morning.
#OptionsExpiration $SVXY $40 Puts $UVXY…
#OptionsExpiration
$SVXY $40 Puts
$UVXY $40 Calls
$NUGT $35 Puts
$NUGT $45 Puts
$NUGT $50 Puts
$NUGT $55 Puts
$NUGT $60 Puts
$NUGT $95 Calls
$NUGT $100 Calls
$NUGT $105 Calls
$NUGT $110 Calls
$NUGT $120 Calls
A lot of buying power being released with this expiration.
Have a great weekend everyone
$SBUX
Bought a small amount of stock this morning @ $57.23
$NUGT
BTC Apr 22 $80 puts @0.19, sold yesterday @ $1.00.
Glad I took these off the table this morning when $NUGT started to roll over. The way Gold and NUGT are moving, could be below $80 by the close.
$NUGT
Rolled short (1) Apr 29 $95 call into (2) short May 6 $130/$60 strangles.
$NUGT #gold Looks like for…
$NUGT #gold
Looks like for the first time in a while, both Gold and the miners look pretty flat/stable this morning. Hopefully that holds true for the rest of the day.
#GOLD getting crushed, $20 off…
#GOLD
getting crushed, $20 off the high’s premarket.
$NUGT
STO Apr 22 $80 puts @ $1.00, expires tomorrow.
This is one of those patented @Fuzzball “come and get me” trades.
$NUGT
What a ride today.
$NUGT
$NEM reports after the bell tonight. I think they are the first of the gold miners to report. Could move $NUGT big either direction. With as strong as they have been (much stronger than Gold itself) we’ll see just how much good news is already priced in.
$NUGT
I rolled (1) April 22 $90 call to (2) April 29 $115 calls and (1) April 29 $70 put for even
$NUGT
STO Apr 29 $120 calls @ $1.00
STO May 6 $120 calls @ $2.00
OptionsExpiration
$SVXY $42.5 puts
$UVXY $40 calls
$NUGT $40 puts
$NUGT $62 puts
$NUGT $100 calls
$NUGT $105 calls
Not a big list, but a lot of buying power being freed up this week. Had quite a few $NUGT $100 and $105 calls.
Have a great weekend.
$NUGT
Rolled April 22 $70 short puts to qty 2 May 6 $115/$52 strangles for $.40 credit
$UVXY
Following Ramie.
BTC June $80 calls @ $.41, sold for $13.00
BTC June $85 calls @ $.37, sold for $14.00
BTC June $100 call @ $.27, sold for $11.00
BTC June $105 call @ $.21, sold for $10.00
BTC Jan’17 $170 call @ $1.67, sold for $9.70 (was early on this one so didn’t get great premium)
$NUGT
BTC May 13 $120 call @ $3.80, broke even, sold yesterday. Decided I was too early so took it off.
STO Apr 22 $60 puts @ $1.10, have enough short calls next week, I’ve been able to put on a number of additional put sales with no effect on Buying Power.
$NUGT
Looks like we are finally going to get a pull back today. Yea!
$NUGT
New May strikes up to $120
#OptionsExpiration $UVXY $37 calls $NUGT…
$UVXY $37 calls
$NUGT $30 puts
$NUGT $80 calls
$NUGT $100 calls
$NUGT $105 calls
Have a great weekend everyone.
$NUGT
Looks like part of the strength in the miners today is from an analyst upgrade of $ABX lifting all the miners. Unless the fever of the past couple of day’s subsides, I’m not planning to open any additional trades in $NUGT. Not that I don’t think there are opportunities, but I watch closely the Buying Power being consumed by any given position. With $NUGT having gone from $56 to $71 in the last 3 days, I am now at the upper end of my range. I will wait for this weeks and possibly even next weeks positions to roll off before entering any new trades.
$NUGT
Sure wish they would give us some higher strike prices in May.
$NUGT
Nibbled STO May 20 $95 call @ $3.86, adding to position
Will look for other shorter term positions to add to.
#Gold Looks like Gold has…
$NUGT #Gold
Looks like Gold has once again failed to show any follow through strength. Still can’t get above the 20d SMA.
$NUGT holding up better than gold but if gold continues to roll over, $NUGT will follow.
I actually don’t want it crash lower. The longer is stays up like this, the more money we make selling weekly calls with some premium.
$NUGT
Todays 1 minute chart looks like a double black diamond run. Selling calls quickly at the open looks like the right trade today.
$SVXY
Dipped my toe for the first time in many month’s
STO $SVXY Apr 15 $42.5 puts @ $0.55
STO $SVXY Apr 22 $40 puts @ $0.55
Only sold a small amount and stayed very short term
$NUGT
When $NUGT started to sell off right after the open, I made a few trades. Started selling a few May calls.
STO $NUGT May 6 $95 calls @ $1.45
STO $NUGT May 13 $95 calls @ $1.85
STO $NUGT May 20 $95 calls @ $2.55
I would really like them to open some higher strikes. Would rather trade $100’s and $105’s when selling out more than a few weeks.
$NUGT
With Gold continuing to look weak, lower high’s and every spike higher gets sold into with no follow thru. Made a couple more trades.
STO Apr 15 $80 calls @ $0.70
STO Apr 22 $95 calls @ $0.50
STO Apr 29 $100 calls @ $0.75
$NUGT
Adding a few $NUGT positions to replace those that rolled off last week and to help offset short calls for those expirations.
STO Apr 15 $40 puts @ $.45
STO Apr 22 $35 puts @ $.45
#Gold $NUGT Gold is looking…
#Gold $NUGT
Gold is looking pretty weak. Even though the dollar ($DXY, $UUP) is down again today, gold has no follow thru from yesterday’s move. Gold was at much higher prices a couple weeks ago when the dollar was much higher. Looks like it has started making lower highs. $NUGT’s jump yesterday increased the premium’s enough to make it worth while for me to make a couple trades between yesterday afternoon and this morning. Not getting very aggressive and still staying pretty short term.
STO $NUGT Apr 8 $80 calls @ $1.00
STO $NUGT Apr 22 $100 calls @ $0.90
STO $NUGT Apr 29 $105 calls @ $1.15
$VXX
BTC May 20 $45 calls @ $.05, sold for $2.32.
Out 51 days early
These were the last of the $VXX calls that I was short.
$UVXY
My timing wasn’t great last week when I reverse rolled my short puts into short calls. Would have done much better a couple of days later, but I’m very glad that I did it.
$HOT
As the bidding war continues for $HOT, the Jan’18 puts I sold are working nicely. I still don’t know when the deal will close, but I believe the worst case right now is that Marriot buy’s them for $79/share.
#GOLD $DXY $UUP $NUGT Looks…
#GOLD $DXY $UUP $NUGT
Looks like even though the dollar is pretty weak today, Gold is hanging in there, but really not catching a bid. Maybe the gold buyers have exhausted themselves.
The past month or so, I’ve had a lot of $NUGT positions on, as positions expired, I entered new one’s. At this point, I’m really not inclined to add any more positions, I plan to work off the existing positions that I have unless $NUGT shows some strength. Just not enough premium in the upside calls right now to make the risk/reward worth it. Since we’ve all seen $NUGT move $15 in a day multiple times I don’t want to sell any calls below $70, and they just aren’t worth anything. If the #Gold/$XME move is over, then selling additional puts right now doesn’t really appeal to me either since this thing could drop like a stone.
#Gold $NUGT Interesting today that…
#Gold $NUGT
Interesting today that Gold is actually hanging in pretty well but the miners are quite weak
#OptionsExpiration $NUGT $28 puts $NUGT…
#OptionsExpiration
$NUGT $28 puts
$NUGT $35 puts
$NUGT $40 puts
$NUGT $42 puts
$NUGT $80 calls
$NUGT $90 calls
$NUGT $95 calls
$NUGT $100 calls
$NUGT $105 calls
$UVXY $80 calls
$UVXY $95 calls
Have a great weekend
$SVXY Closed my $47 Coveredcall…
$SVXY Closed my $47 Coveredcall trade I entered on monday for a small gain. $SVXY looking pretty weak today and didn’t want to see this turn into a loss. Sold stock and BTC March 25 $47 calls
#Gold $NUGT Getting creamed this…
#Gold $NUGT
Getting creamed this morning.
$UVXY Puts
Closed out my April 1 and April 15 $20 puts today. Reverse rolled them into a bunch of calls.
STO April 22 $40 calls @ $.77
STO April 15 $40 calls @ $.45
STO April 8 $37 calls @ $.41
With Volatility continuing to get crushed I decided to stop rolling into short strangles and just plain go with short calls.
With these trades and my being long some $SVXY stock, the market is now cleared for a 10% correction starting tomorrow.
$NUGT
Now negative on the day.
Was up to $70 earlier, but the option premiums for the $100/$105 calls even out a month really didn’t jump much so didn’t offer a great opportunity to sell hard.
$NUGT
STO Apr 8 $100 call @ $1.10
$SVXY #Coveredcalls
With the slow grind higher in the market and the $VIX futures curve in a pretty good contango now, I decided to dip my toe in $SVXY today. Even when the market was down this morning, $SVXY stayed positive. I’m still leary about the market and expect it to pull back so took a very short term trade.
Bought stock @$47 and sold March 25 $47 calls @ $1.00
If this doesn’t cause the market to pull back, I don’t know what will. Even if the market does pull back a bit now, $SVXY likely won’t drop much given where $VXX is at and the look of the curve.
#OptionsExpiration
Closed all of my $UVXY calls a couple weeks ago for pennies so here is what I had left:
$XLU $45 puts
$NUGT $28 puts
$NUGT $30 puts
$NUGT $40 puts
$NUGT $42 puts
$NUGT 45 put
$NUGT $95 calls
$NUGT $100 calls
$NUGT $105 calls
Have a great weekend everyone.
$HOT
STO Jan’18 $65 puts @ $1.48
#Gold
Gold futures down nicely pre-market so that should put further downward pressure on $NUGT. Will be nice to have today’s expiration to free up a bunch of cash.
$NUGT
Went negative on the day. Yeah!
$XME $NUGT
$XME busting a move, looks like that is what is pulling the gold miners higher right now.
$NUGT
Treading lightly
STO Apr 1 $105 call @ $1.10, adding to position
#Gold $UUP $DXY
Interesting divergence. The dollar is very weak again today, but gold is barely moving. Would have expected a bigger move with that big a move in the dollar. Dollar is much lower than it was just last week, but Gold has (so far) failed to make a higher high. Over the last 10 days gold has seemed hang out in this $1266 +/- area.
$NUGT
Made a few trades this afternoon, like most people, I was a bit early. I’m continuing to stay short term with my trades.
STO Mar 25 $95 calls @ $0.55
STO Apr 1 $95 calls @ $1.00
STO Apr 8 $95 calls @ $1.50
STO Apr 8 $105 calls @ $1.30 (will add as premium increases)
STO Apr 15 $105 call @ $2.50 (will add as premium increases)
$UVXY
BTC Jan’18 $80 call @ $12.50, sold for $25
Taking profits at 50% since it is so far out in time. Will resell on next volatility spike.
$NUGT
STO Mar 25 $40 puts @ $0.85
$NUGT
Hey guy’s, I’m back. Strange story. Went to see the Dr last Tuesday afternoon for a follow up appt. since I wasn’t feeling any better from prior week. Decided that I needed to get a chest X-Ray and some blood work. Well, as it turned out, I had a collapsed lung so the X-Ray folks walked me straight to the ER and was stuck in the hospital with a chest tube until about lunch time today. Had a massive amount of $NUGT puts and calls expire last week that I didn’t get a chance to post.
Great to be home.
I’ve been trying to make some $NUGT trades this afternoon but haven’t had much luck since the bids on the call side are just non-existent. /GC is just collapsing so maybe this is the turn lower.
STO Mar 25 $42 puts @ $1.05
STO APR 22 $105 calls @ $1.65, made this trade just to add more short exposure in case $NUGT continues to roll over. Highest strike so even if I’m wrong and $NUGT turns around and heads higher, it won’t really hurt me and I’ll add to position at better prices.
$XME, $GDX, #Gold
Even though gold is at the same price as yesterday $1266 +/-, the gold miners seem to be getting caught up in the $XME sell off today, so definitely diverging from gold today
$NUGT
Looks like $NUGT discovered gravity this morning.
#OOps
Looks like I accidentally deleted a thread on $NUGT
/GC
Just took a huge drop on big volume.
$NUGT
STO Mar 25 $95 call @ $2.10
STO Mar 25 $100 call @ $1.50
STO Mar 25 $105 call @ $1.50
Added Mar 11 $94 calls @ $.50
$UVXY $NUGT Trades
$UVXY below:
BTC Mar 15 $165 calls @ $.02 numerous sales, average price $3.65
BTC Mar 15 $110 calls @ $.02 sold for $2.50
BTC Mar 11 $80 calls @ $.04 sold for $3.25
BTC Mar 11 $90 calls @ $.03 sold for $3.36
BTC Mar 11 $105 calls @ $.04 sold for $3.81
closed down some puts for very small losses just in case volatility keeps dropping
Mar 18, $25 puts
Mar 25 $24 puts
$NUGT below:
STO Apr 15 $80 calls @ $10.00
STO Mar 11 $89 calls @ $.90 (was late to the party here, job got in the way today)
STO Mar 11 $45 puts @ $.50
STO Mar 11 $48 puts @ $.80
Would not have sold the puts as early as I did if I had any clue $NUGT was going to crater the way it did. $NUGT has proven to be difficult for me. I think many of us have gotten very good at trading $UVXY, it makes sense. $NUGT some day’s just leaves me feeling bewildered.
#OptionsExpiration
All of these expired worthless
$GDX $18 puts
$NUGT $30 puts
$NUGT $31.50 puts
$NUGT $35 puts
$NUGT $38 puts
$NUGT $40 puts
$NUGT $42 put
$NUGT $45 put
$NUGT $47 put
$NUGT $53 puts
$NUGT $80 calls
$NUGT $82 calls
$UVXY $95 calls
$UVXY $105 calls
Got shook out of $NUGT $70 and $75 calls today, closed for profits while I could.
Closed my $NUGT $65 for my only loss this week, that sucked, bad trade, I know better
#optionsexpiration
Options Bistro 