— Expiring w/max profit —
AVGO 125/115 put spreads
NUGT 70 & 75 calls
NUGT 47 puts
UVXY 50 calls
Have a good weekend all!
Category Archives: Contango ETFs
$NUGT #ShortPuts #Scalp – Sold…
$NUGT #ShortPuts #Scalp – Sold NUGT Mar 04 2016 58.0 Puts @ 0.15. These expire in an hour
$NUGT #ShortCalls #Rolling – this…
$NUGT #ShortCalls #Rolling – this is becoming tiresome –
Bought to close NUGT Mar 04 2016 35.0 Calls / Sold NUGT Jun 17 2016 41.0 Calls for a small credit
Bought to close NUGT Mar 04 2016 42.0 Calls / Sold NUGT Apr 15 2016 46.0 Calls for a small credit
NUGT puts
#ContangoETFs Rolled up some puts…
BTC NUGT March 11th 35 puts for .05. Sold for 1.075 in Feb.
STO NUGT March 11th 48 puts for .70
STO NUGT March 18th 40 puts for .65
BOIL closes
#ContangoETFs Funny how these calls only close on UP days with my GTC orders. I imagine it is because they are the only days when any bids are available.
BTC $BOIL June 27 calls for .05. Sold for 1.50 on Dec 28th.
SOME TRADES:
$DUST BTC 3/11/16 5.0 CALLS @.05
$DUST BTC 3/24/16 6.5 CALLS @.10
$ETE BTO STOCK @8.30 To cover short calls @8.50
$DUST BTO STOCK @ 3.43 Maybe a Buy/Write Jeff made me do it. His post that NUGT highest since July, gave me the idea. ;>)
NUGT insane
Rolled today’s 70 calls up and out to next week (Mar 11) 76 calls for 1.98 credit
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
$NUGT
STO 2 Mar 4 $65 calls @ $0.45 expire tomorrow
This might me pushing my luck a little, but went very small. Looking to sell 2 $50 puts to offset as stock is trading almost right in the middle of that range.
$GDX
Guy and Pete on fast money both recommended Gold miners ($NEM and $ABX) as their final trade, so watch for a higher open just from people reacting to that.
DUST covered stock
Bought covered stock @ 3.62. (covered with March 4 calls) This gets me in below the all time low. Thought about selling puts instead but this will give me the option of rolling the calls out and up if it takes off. Weeklies available so a zero cost basis is the goal if we continue wallowing around down here…
NUGT calls
Adding one to even out the March 35/80 strangles…
Sold NUGT MAR 18 2016 80.0 Call @ 1.25
#Gold $NUGT
Impressive that even on a big up day in the market, $DXY and UUP are higher, yet gold is barely down on the day. There is a pretty impressive bid and continues to make higher low’s.
SOME TRADES: Decided I was…
SOME TRADES: Decided I was too far out in time with some of my trades, so I closed them to release some buying power, although it didn’t release as much as I thought it would, and do some front week trades, and 2nd week trades. All trades were profitable, some more than others.
$UVXY BTC 3/18/16 75.0 CALLS @.27
$UVXY BTC 3/24/16 25.0 PUTS @.42
$NUGT BTC 3/18/18 80.0 CALLS @1.65
$NUGT BTC 3/18/16 30.0 PUTS @.52
$DUST STO 3/11/16 5.0 CALLS @.32
$DUST STO 3/11/16 4.5 PUTS @.40
TZA closed out
#ContangoETFs Since these positions are all doing pretty well, I’m closing down my entire TZA position to clear margin. All of these are at a profit (except for puts), but the expensive ones were sold as rolls, so overall positions are less profitable. I will look to sell calls again on this in subsequent spikes.
BTC TZA March 18th 80 calls for .18. Sold for 7.15
BTC TZA March 18th 50 calls for 4.30. Sold for 20.60
BTC TZA April 15th 85 calls for .60. Sold for 5.05
BTC TZA July 85 calls for 3.20. Sold for 5.90
BTC TZA Jan ’17 80 call for 7.60. Sold for 14.00
BTC TZA March 18th 50 puts for 1.24. Sold for 1.00.
ZSL closed out
#ContangoETFs Closing out my last remaining positions in $ZSL to clear out margin. First time I’ve had no position in this name in years, but since the split it has been pretty boring.
BTC ZSL May 40 puts for 1.00. Sold for 1.30 on Dec 4th
BTC ZSL May 80 call for .60. Sold for 3.00 on Dec 30th
BTC ZSL May 82.5 calls for .55. Sold for 2.30 (effective price) on Nov 4th.
NUGT puts
Selling puts to offset all the short call exposure.
Sold $NUGT Mar 18 35 puts @ 1.00.
$NUGT
STO Mar 4 $70 calls @ $1.00 followed Jeff
STO Mar 25 $28 puts @ $0.45
NUGT puts
#ContangoETFs Scaling into several short-term puts which are all margin free (offsetting calls)
STO NUGT March 4th 47 puts for .75
STO NUGT March 11th 40 puts for .75
More NUGT calls
Sold $NUGT 3/24 80 call @ 3.40. Highest strike in a week where I had no NUGT positions.
$DUST Doesn’t give you an…
$DUST Doesn’t give you an opportunity to roll out, much less down. I guess I’m going to be “Put to”, assigned Friday, and will have to do CC’s until it goes up. My saving grace, is that I have only one option, as it was a “learning while doing” trade. STO 3/4/16 8.0 Put.
My Weekly NUGT trade
#ContangoETFs Been selling 15-25 points higher for same week expirations each week…
STO NUGT March 4th 70 calls for 1.00
New strikes for KOLD
Up to 300 for March and April.
Sold $KOLD Mar 18 300 call @ 7.00
#OptionsExpiration – A pretty good…
#OptionsExpiration – A pretty good week. I was able to scalp some short calls against long term short put postions and some long stock because of the strong market mid-week.
— Expirations —
BBY (Weekly) Feb 26 2016 33.5 Calls
FB (Weekly) Feb 26 2016 111 Calls
CMG (Weekly) Feb 26 2016 475 Puts (Covered)
JOY (Weekly) Feb 26 2016 14 Calls (Covered)
NUGT (Weekly) Feb 26 2016 29.5 Puts
NUGT (Weekly) Feb 26 2016 30 Puts
NUGT (Weekly) Feb 26 2016 30.5 Puts
NUGT (Weekly) Feb 26 2016 31 Puts
NUGT (Weekly) Feb 26 2016 31.5 Puts
NUGT (Weekly) Feb 26 2016 32.5 Puts (Covered)
NUGT (Weekly) Feb 26 2016 75 Calls
NUGT (Weekly) Feb 26 2016 76 Calls
SVXY (Weekly) Feb 26 2016 40 Calls (Covered)
UVXY (Weekly) Feb 26 2016 20 Puts
UVXY (Weekly) Feb 26 2016 31 Puts
UVXY (Weekly) Feb 26 2016 31.5 Puts
UVXY (Weekly) Feb 26 2016 85 Calls
UVXY (Weekly) Feb 26 2016 95 Calls
UVXY (Weekly) Feb 26 2016 110 Calls
VALE (Weekly) Feb 26 2016 3.5 Calls (Covered)
VIAB (Weekly) Feb 26 2016 43 Calls
WDC (Weekly) Feb 26 2016 52 Calls
— Assignments —
DUST (Weekly) Feb 26 2016 8 Puts
#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.
Options Expiration 2/26/16
#OptionsExpiration 2/26/16
— Expiring w/ max profit —
NUGT 30 puts
NUGT 68 and 70 calls
My lightest expiration in many weeks, since I closed or rolled several things early.
Have a great weekend all!
#OptionsExpiration
All of these expired worthless
$NUGT $33 puts
$NUGT $36 puts
$NUGT $45 puts
$NUGT$48 puts
$NUGT $50 puts
$NUGT $75 calls
$UVXY $85 calls
$UVXY $100 calls
$UVXY $110 calls
#Gold $NUGT
Gold and $NUGT really cratering now.
NUGT puts
#ContangoETFs STO NUGT March 11th 40 put for 1.70 (adding)
STO NUGT April 1st 30 put for 1.30
#Gold $/GC
Looks like Gold might finally be showing some signs of weakness. The last 3 days have shown that strength has been sold into. Hasn’t broken down yet, but keeps making lower highs.
UVXY and NUGT mgt
Earlier today, made some adjustments for margin purposes…
BTC UVXY Feb 26th 60 call for .03. Sold for .30 yesterday
BTC UVXY Feb 26th 58 calls for .04. Sold for .35 yesterday
BTC UVXY Mar 11th 80 call for .34. Sold for 2.17 on Feb 2nd
BTC UVXY June 110 call for 4.50. Sold for 9.50 on Jan 25th
STO UVXY April 1st 29 puts for 1.50
STO NUGT March 11th 40 put for 1.55
STO NUGT March 11th 37 put for 1.05
$NUGT new highest strike in June
Sold $NUGT Jun 17 94 call @ 10.00. Newest highest strike.
$NUGT #ShortCalls #NewStrikes – sold…
$NUGT #ShortCalls #NewStrikes – sold these on the open this morning. The weekly sales are new strikes.
Sold 1 NUGT Mar 04 2016 82.0 Call @ 1.10
Sold 1 NUGT Mar 11 2016 80.0 Call @ 2.45
Sold 1 NUGT Mar 18 2016 80.0 Call @ 3.60
NUGT tornado trades
#ContangoETFs STO NUGT March 11th 37 put for 1.20
STO NUGT March 11th 35 puts for 1.05
STO NUGT March 18th 30 puts for .80
$NUGT
The action in this thing is just crazy. Like trying to predict a tornado.
NUGT call spreads…question
Currently short June 50/70 bear call spreads. Sitting here looking at the long 70’s and seeing a bunch of 10 bagger gains….(of course the 50’s are bigger losers). Running the analyze tab on TOS the account could easily handle NUGT at 100 with all of the short calls naked so with that in mind…
Should I:
1. Do nothing
2. Book half the long 70’s
3. Book all the long 70’s
4. Book the longs and roll the short 50’s out and up
5. Some combo of all of the above
What would you guys (gals) do?
EDIT…could roll the short 50’s to Sep 60 or Jan 80 for even.
#Gold $NUGT
With Gold looking like it is on the next leg of a break out. I’m going to be reducing short calls today and adding more short puts. $GDX and $NUGT very strong right now. Reducing overall delta and just getting out of the way for the time being and will look for opportunities to re-enter trades at a later time.
Gold
On daily chart, coming close to completing a wedge/flag for the last 8 or 9 day’s. Lower high’s, higher lows. Something likely to happen soon.
TRADES: @jeffcp66 KMI BTC 3/18/16…
TRADES: @jeffcp66
KMI BTC 3/18/16 17.5 CALLS @.92 STO @.97
NUGT STO 3/18/16 30.0 PUTS @.85
NUGT STO 3/24/16 30.0 PUTS @1.15 Thanks to Jeff. I had calls, so matched them with puts, for very little margin use.
NUGT puts
#ContangoETFs Threw some out there as it has come down off its highs:
STO NUGT March 11th 35 puts for 1.10
STO NUGT March 18th 30 puts for .85
Each put I sell gives me a margin credit since I’m short so many calls. I will add more if premium rises. Need to be ready for a quick drop in NUGT but these are easy to roll or reverse-roll to calls once the inevitable down move begins.
$GDX
Strong as death again today. Attempting to pull it back down.
STO Mar 4 $18 puts @ $0.33
NUGT near-term
#ContangoETFs While volatility has relaxed, NUGT has replaced UVXY for same-week, far OTM call sales. Added some more:
STO NUGT Feb 26th 70 call for .50 (added)
STO NUGT Feb 26th 68 calls for .65
I’ll add another to each if they go up by a nickel.
$NUGT
STO Mar 11 $30 puts @ $0.50
$YHOO #ironcondor followed from tastytrade…
$YHOO #ironcondor followed from tastytrade STO April 15, 27/24/33/36 for 1.08
$UVXY Feb. 26, 36/30 BuPS for .94. The 30 is a margin saver, I’ll own it down here if it doesn’t work out.
A SHORT STRANGLE:
$DUST STO 3/24/16 4.50 PUTS @.65
$DUST STO 3/24/16 6.50 CALLS @.40
Stock hasn’t been 4.50 since Oct. 2013. Will either buy the stock if call go ITM, or roll it out and up. We’ll see.
Building my Options expiration list for 3/24. ;>)
#Gold $GDX
Definitely diverging today. Gold is down $20 from 4pm on friday yet $GDX is actually up on the day.
TRADES:
NUGT STO 3/11/16 75.0 CALLS @1.80 Followed Jeff, Thank you sir.
NUGT STO 3/24/16 75.0 CALLS @3.10
ETE BTC 2/26/16 8.0 CALLS @.30 STO @.34
ETE BTC 3/4/16 7.50 CALLS @.70 STO @.45
ETE BTC 3/4/16 4.50 PUTS @.12 STO @.55 Earnings after the bell, didn’t want to hold. Don’t need the drama.
NUGT rolls
#ContangoETFs Slowly adding safer positions to make up for the 30-handle calls that ripped my face off.
STO $NUGT March 11th 75 calls for 1.80
$GDX
Rebounding even though Gold is weak, I suspect that the strength in $XME is flowing over to $GDX
$NUGT $UVXY
STO $NUGT Feb 26 $33 puts @ $0.30
STO $UVXY Mar 11 $30 puts @ $0.45
Expiring
$ULTA 190/180 BECS
$UVXY 70/60 BECS
$KMI 15 Put
$LULU 52.5 Put
$UVXY 29 Put
$SVXY 30 Put
$NUGT 58 Call (covered)
$BOIL 22 Call (covered)
$RLYP 25 Call (covered)
$MBLY 33 Call (covered)
$KMI 15 Call (Buy/Write)
$GPS 26 Call (Buy/Write)
Assignments
$THC 25 Puts (going long)
$RLYP 25 Puts (going long)
$RLYP 22.5 Puts (going long)
Compromised Spreads (ouch)
$NFLX 2/19 95/100 BUPS Total Loss
$GOOGL 2/19 710/720 BUPS STO 2.05: BTC .2
$AMZN 2/19 530/535 BUPS STO .6: BTC 3.78
$AMZN 2/19 530/540 BUPS STO 1.55: BTC 7.4
#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.
#Options Expiration
$NUGT $33 puts
$NUGT $35 puts
$NUGT $40 puts
$NUGT $55 calls
$NUGT $65 calls
$UVXY $66 calls
$UVXY $75 calls
$UVXY $80 calls
$UVXY $85 call
$UVXY $90 calls
$UVXY $95 calls
$UVXY $100 calls
OptionsExpiration 2/19/16
— Expiring w/max profit —
BOIL 22 calls
DUST 21 calls
EQIX 240/260/320/340 iron condors
KOLD 215 call
KOLD 110, 115, 123 puts
NUGT 58 calls
NUGT 28, 33, 34 puts
ZSL 70 & 75 calls
ZSL 45.5 puts
— Assignment —
NOW 60 puts, assigned long stock
— Expiring w/max loss —
HYG 81 long calls, followed a big spec trade on this for .16
FOSL 28/32/36 earnings put fly; I went bearish, stock went bullish
Have a great weekend everyone!
$DUST #ShortPuts – Bought to…
$DUST #ShortPuts – Bought to close DUST Feb 19 2016 5.0 Puts @ 0.05 to avoid possible assignment tonight.
Sold these a few days ago for 0.15.
$NUGT #ShortCalls #Rollup – As…
$NUGT #ShortCalls #Rollup – As VXXKelly and Ramie have been pointing out, NUGT is bound to pull back at some point, or maybe just fall because of the normal drag on these kinds of stocks.
The trick is sticking around long enough to take advantage of the pullback. When rolling an ITM short call position there are two objectives:
1. Bring in more cash on the new position than you spend getting rid of the old position
2. Increase your likelihood of an expiration down the road by selling at a higher strike price
There is no way to predict with accuracy where this stock will go tomorrow much less a month from now, but using the chart you can get a feel for the likely trading range.
I made the following roll today and I think it has a better than even chance of being successful. The new position will not take too much monitoring on my part because it will run for two weeks, and I likely will be able to sell two sets of weekly puts against these calls, bringing in even more premium dollars.
Bought to close NUGT Feb 19 2016 40.0 Calls @ 10.92
Sold to open NUGT Mar 04 2016 42.0 Calls @ 11.55
I have bumped my profit point about 2 1/2 points higher between the higher strike price and the extra premium dollars.
Hope laying out my thinking helps others in a similar circumstance,
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.
$NUGT
Ramie posted some info this morning on the performance drag between $NUGT and $GDX during 2015. Here’s a recent example.
2/12 GDX closed at $18.84 $NUGT closed at $56.87
2/18 GDX closed at $18.90 $NUGT closed at $54.72
So in just a few days, GDX returned to basically the exact same level but NUGT was more than $2 lower.
$NUGT #ShortCalls – Missed posting…
$NUGT #ShortCalls – Missed posting one yesterday – Sold NUGT(Weekly) Feb 26 2016 76.0 Calls @ 0.55. These expire next Friday and are the highest available strike price.
$NUGT
Unless there is a pullback into the $40’s today, I’m going to need to roll a couple of positions. With the big up and down moves this thing has been making, I’m not liking that there aren’t near term higher strike prices available. So my plan is to split the roll, I’ll roll 1/2 of the calls up and out, and reverse roll the other half of the calls into puts. They can’t both be losers and over the next month or so, should help me slowly reduce total exposure.
$/GC $NUGT
Gold futures are down about $10 since the markets closed @ 4pm. If that holds up, should see some pull back in $NUGT in the morning. A lot can change between now and then, but would like to see it pull back $4 or $5 bucks for tomorrow’s Opex.
$NUGT #ShortCalls – hoping to…
$NUGT #ShortCalls – hoping to make back my NUGT losses slowly with small #OptionLadder trades –
Sold 1 NUGT Mar 04 2016 75.0 Call @ 2.05
Sold 1 NUGT Mar 11 2016 75.0 Call @ 2.80
Sold 1 NUGT Mar 24 2016 75.0 Call @ 4.30
All are weekly expirations and all are at the highest available strike price. Pretty decent premiums with the stock twenty points below the strike.
By staying small and spreading out the risk across multiple expirations, only one of these gets in trouble at a time, and this stock is volatile in BOTH directions. The stock was just over 17 a little over a month ago.
$NUGT #ShortCalls #ScalpTrade – Sold…
$NUGT #ShortCalls #ScalpTrade – Sold NUGT Feb 19 2016 60 Calls @ 0.65 with the stock at 54.
These expire tomorrow
$NUGT #ShortCalls #ScalpTrade – Sold…
$NUGT #ShortCalls #ScalpTrade – Sold NUGT Feb 19 2016 58.0 Calls @ 0.55. This strike is above last Friday’s YTD High of 56.89 and the option expires tomorrow.
$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.
DUST and UVXY mgt
BTC $DUST June 23 calls for .30. Sold for 1.75 on Feb 2nd
BTC $UVXY March 18th 105 call for .80. Sold for 4.05 on Feb 9th
#Gold $NUGT
Watching market today to see how these react on a potentially down day. Gold stabilized above $1200 and I want to see if people rush back to gold again if the market shows weakness.
Followed Fuzzball:
$NUGT STO 3/18/16 80.0 CALLS @1.70 Thank you sir. ;>) It’s paired with my 3/11/16 30.0 short Puts.
NUGT calls
Paired up with 25 strike puts sold yesterday…
Sold NUGT MAR 18 2016 80.0 Calls @ 1.70 (highest available strike)
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT Mar 04 2016 75.0 Calls @ 1.00. Highest available strike price.
edit: Also sold the NUGT Feb 19 2016 35.0 Puts @ 0.15. These expire Friday
$NUGT #ShortPuts -Sold NUGT Feb…
$NUGT #ShortPuts -Sold NUGT Feb 19 2016 34.0 Puts @ 0.17 on a market order. These expire tomorrow.
NUGT opener
NUGT opener
#ContangoETFs STO NUGT Sep 80 call for 11.20 (highest strike). First of several rolls I owe myself from closed underwater positions.
$NUGT
OK, this is a Fuzzball type of trade. My account will do best right now if $NUGT stay’s above $40 until at least friday, so to help encourage that:
STO Feb 19 $47 call @ $1.65
I’m on a business trip and very busy during the day so missed the opportunity this morning to sell additional calls at better prices. Did sell some but not great entry’s. Apparently $GS put out a note today telling people to sell #Gold, so just in case that continues to ripple through to the miners, I chased a bit and sold more calls than I normally would have with the stock down 20%. Might get some bounce with better prices, or might just keep going down.
STO Sept $80 call @ $11.40
STO June $75 call @ $7.50
STO Mar 4 $75 calls @ $0.85
STO Mar 11 $75 calls @ $1.45
STO Jun $80 call @ $7.00
$NUGT #ShortPuts #Weeklys – Sold…
$NUGT #ShortPuts #Weeklys – Sold NUGT(Weekly) FEB 26 2016 30.5 Puts @ 0.75.
These expire a week from Friday
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT Feb 19 2016 33.0 Puts @ 0.30
Also got a partial fill on some NUGT Feb 19 2016 30.0 Puts @ 0.15
Both expire Friday
Options Bistro 