#ContangoETFs
BTC DUST June 25 call for .40. Sold for 2.15 on Jan 11th
BTC NUGT Feb 26th 37 call for 9.00. Sold for 1.35. I have been scaling down my underwater positions without rolling yet. If we get another surge higher I will look to sell longer dated, higher positions.
Category Archives: Contango ETFs
$NUGT #ShortCalls – rolled some…
$NUGT #ShortCalls – rolled some of this week’s short call positions out and way, way up. The pressure is off for this week.
Bought to close NUGT FEB 19 2016 40.0 Calls @ 9.64
Sold to open NUGT JUN 17 2016 80.0 Calls @ 9.36 (Highest available strike price).
Bought to close NUGT FEB 19 2016 36.0 Calls @ 12.07
Sold to open NUGT SEP 16 2016 80.0 Calls @ 12.32 (Highest available strike price)
$ETE STO 3/4/16 7.50 CALLS…
$ETE STO 3/4/16 7.50 CALLS @.45 With this trade I made a short strangle w/the 3/4/16 4.50 PUTS.
$NUGT STO 3/11/16 30.0 PUTS @1.45 Fuzzball’s idea, my strike.
#Gold $NUGT
Are pulling back but are well off the low’s and bouncing strongly. Gold is $20+ off it’s low and $NUGT is $5 off it’s low, still down $6, but well off the low’s.
$NUGT
I made some trades on Friday but was very busy and didn’t have time to talk about the what and why.
Given the strength in $NUGT, I sold some additional puts to give me more protection if $NUGT just keeps running, and gives be a bigger window for making money if we do get some pull backs short term. I’m thinking that the strength in $NUGT/$GDX on friday was short covering before the weekend and any further pullback in Gold will show itself in a pull back in $GDX/$NUGT. Longer term puts were sold such that if I do get put stock, that will happen in the $20’s or lower. Likely be able to close for a profit long before expiration. Gold will eventually either stabilize or pull back, both will reduce volatility/reduce options premiums (vol suck).
STO Feb 19 $50 puts @ $4.00 to pair up with my short $50 calls. I now have a profitable window from $55.20 down to $44.80 so with a short week and any sort of pull back, I’m likely to end up in that window. Below $46 and I roll the put down and out. Above $54 and I roll the call up and out.
STO Mar 11 $40 puts @ $3.30 against $70 calls, now profitable between $75 and $35
STO June $40 puts @ $9.90 against $70/$72 calls, stock put to me @ effectively $26
STO Jan’17 $53 puts @ $26 against $75 calls, stock put to me effectively below $20
If we get a pull back this week (improving put premium), I will be looking to sell Feb 26 puts against my $60 calls. I still have a few other call positions not covered with short puts while I monitor how this plays out.
Time will tell if this was a smart move or not.
Hope you all have a great weekend.
Options Expiration 2/12/16
#OptionsExpiration Quite a tough week, with a bullish feeling at the end… rally into next week or more downside ahead?
— Expiring with 100% of max profit:
NUGT 30 and 30.5 puts
UVXY 70 calls
UVXY 29 puts
SPX 1770/1745 put spreads
SPX 1790/1765 put spreads
SPX 1925/1950 call spreads
SPX 1990/2015 call spreads
— Assignment —
VLO 66 put, short stock position closed
#OptionsExpiration – a tough week…
#OptionsExpiration – a tough week with rallies in both Gold and the VIX. The big one is next week
— Expirations —
CMG (Weekly) Feb 12 2016 400 Puts (Covered)
CMG (Weekly) Feb 12 2016 402.5 Puts (Covered)
CMG (Weekly) Feb 12 2016 405 Puts (Covered)
CMG (Weekly) Feb 12 2016 407.5 Puts (Covered)
CMG (Weekly) Feb 12 2016 410 Puts (Covered)
DUST (Weekly) Feb 12 2016 8 Calls (Covered)
DUST (Weekly) Feb 12 2016 8.5 Calls (Covered)
FCX (Weekly) Feb 12 2016 6.5 Calls (Covered)
NFLX (Weekly) Feb 12 2016 102 Calls
NUGT (Weekly) Feb 12 2016 31 Puts (Covered)
NUGT (Weekly) Feb 12 2016 30.5 Puts
NUGT (Weekly) Feb 12 2016 30 Puts
NUGT (Weekly) Feb 12 2016 29 Puts
NUGT (Weekly) Feb 12 2016 28.5 Puts
TSLA (Weekly) Feb 12 2016 82 Puts
TWTR (Weekly) Feb 12 2016 20 Calls (Covered)
UVXY (Weekly) Feb 12 2016 85 Calls
UVXY (Weekly) Feb 12 2016 95 Calls
— Assignments —
DUST (Weekly) Feb 12 2016 9 Puts
DUST (Weekly) Feb 12 2016 9.5 Puts
NUGT (Weekly) Feb 12 2016 40 Calls (Covered)
#OptionsExpiration
$NUGT $30 puts
$NUGT $45 puts
$NUGT $50 puts
$UVXY $66 Calls
$UVXY $75 Calls
$UVXY 85 Calls
#Gold $NUGT
Gold down today, yet $NUGT up 8%
NUGT #ShortCalls #RollOut – I…
NUGT #ShortCalls #RollOut – I can’t believe gold is still moving up while the market rallies and the VIX is dropping
Bought to close NUGT FEB 12 2016 35.0 Calls @ 20.40
Sold to Open NUGT SEP 16 2016 56.0 Calls @ 22.03
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.
$NUGT
STO Feb 12 $50 puts @ $0.80
Sold this morning when it looked like $NUGT was going to continue higher
NUGT and KOLD
I’ve come under some margin pressure for over-sized call positions in both these names. I have been scaling back, closing my only remaining ITM KOLD call and a few NUGT ITM calls. I am refraining from new positions now. As I don’t want to limit my margin power in the future, I will hold off on selling multiple calls on these ETF’s until they are in a very strong uptrend. The spikes seem to happen often enough, but during the boring parts in between I sell too many that then go underwater. I am not rolling now as that wouldn’t help the margin issue, so I will look to profit from these #ContangoETFs in the coming weeks. I still have multiple OTM calls that should be safe in both KOLD and NUGT.
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)
$NUGT
STO Feb 12 $45 puts @ $0.85 expire tomorrow
$NUGT #ShortPuts #Weeklys – Sold…
$NUGT #ShortPuts #Weeklys – Sold NUGT Feb 12 2016 28.5 Puts @ 0.25. These expire Friday
Chicken NUGT
#ContangoETFs Got caught in some ITM $NUGT calls so I’ve been rolling a bit out at a time. Today, BTC $NUGT Feb 19th 35 call for 5.50. Will sell a rolled call on the next pop up. Leaving others for now.
Also, followed @Iceman on some of these:
STO NUGT Feb 12th 30 puts for .30
STO NUGT Feb 12th 30.5 puts for .40
STO NUGT Feb 19th 26 put for .90
$NUGT #ShortPuts #Weeklys – Sold…
$NUGT #ShortPuts #Weeklys – Sold NUGT Feb 12 2016 29.0 Puts @ 0.30. These expire Friday
$DUST #CoveredCalls – Sold DUST…
$DUST #CoveredCalls – Sold DUST Feb 12 2016 8.5 Calls @ 0.25.
Stock was acquired at 8.0 via Put assignment last Friday.
These expire Friday
$NUGT #ShortPuts #Weeklys – sold…
$NUGT #ShortPuts #Weeklys – sold these on the opening this morning. These expire Friday
Sold NUGT Feb 12 2016 30.5 Puts @ 0.40
Sold NUGT Feb 12 2016 30.0 Puts @ 0.40
$DUST #CoveredCalls – Sold DUST…
$DUST #CoveredCalls – Sold DUST Feb 12 2016 8.0 Calls @ 0.30. Stock was acquired at 8.0 via Put assignment last Friday
#Gold $GDX
Interesting divergence where Gold is actually hanging in pretty tough around the $1190 area but the miners have really started to pull back. We’ll see what today brings.
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT Jan 20 2017 75.0 Call @ $14.00. Couldn’t resist.
$NUGT #CoveredPuts – Sold NUGT(Weekly)…
$NUGT #CoveredPuts – Sold NUGT(Weekly) Feb 12 2016 31 Puts @ 0.30
Trades while driving….
STO $UVXY March 18th 28 puts for 1.19
STO $DUST March 18th 5 puts for .65
BTC $ZSL Feb 19th 82.5 calls for .05. Sold pre-split for 1.275 effective price.
BTC $SPX Feb 26th 2015/2040 call spreads for .20. Sold for 1.20.
BTC $NOW Feb 19th 60 put for 13.80. Backing out 1 at a time, also will keep some and sell calls.
BTC $KOLD Feb 19th 135 call for 25.90. Sold for 18.10 on Nov 19th. Backing out of Feb positions; will be selling new premium at a later time, but keeping margin in reserve for now.
$NUGT #GOLD – Closed near…
$NUGT #GOLD – Closed near the low of the day (but didn’t close the morning gap). Hopefully the bull run is over for a while.
Closing a position in KOLD
Bought to close $KOLD May 20 320 call @ 3.50. Sold for 19.00 on 12/22.
NUGT roll
#ContangoETFs #Rolling Got stuck with a few NUGT calls in the 30’s expiring in Feb. All my other calls are 50 and above. Starting with some rolls,
BTC NUGT Feb 26th 35.5 call for 15.00
STO NUGT March 18th 37 call for 15.30
If we get some pullback I will roll some more, and may add some puts below 25, but that’s usually dangerous.
$NUGT #DelayedRoll
Opened much higher again today, pulled back for a few minutes then resumed going higher. Over the weekend, I made the decision that if it continued to rise on Monday, that I would close positions and step out of the way and look for the right time to re-enter. In keeping with that plan, I closed out my ITM short $NUGT calls and will just wait for the fever to break. Prepare for today to be the top since I closed my positions. Just crazy momentum in that trade right now.
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!
Added NUGT
#ContangoETFs Sold to Open $NUGT March 18th 50 call for 5.25
#OptionsExpiration #Weeklys #Feb05 – A…
#OptionsExpiration #Weeklys #Feb05 – A pretty good week, with a nice earnings compression trade on $CMG the most fun. A new short position in $NUGT to deal with next week.
— Expirations —
AGNC (Weekly) Feb 5 2016 18 Calls (Covered)
CMG (Weekly) Feb 5 2016 397.5 Puts
CMG (Weekly) Feb 5 2016 400 Puts
CMG (Weekly) Feb 5 2016 402.5 Puts
CMG (Weekly) Feb 5 2016 405 Puts
CMG (Weekly) Feb 5 2016 407.5 Puts
CMG (Weekly) Feb 5 2016 410 Puts
CMG (Weekly) Feb 5 2016 412.5 Puts
CMG (Weekly) Feb 5 2016 415 Puts
CMG (Weekly) Feb 5 2016 422.5 Puts (Covered)
CMG (Weekly) Feb 5 2016 425 Puts (Covered)
CMG (Weekly) Feb 5 2016 427.5 Puts (Covered)
CMG (Weekly) Feb 5 2016 575 Calls
CMG (Weekly) Feb 5 2016 580 Calls
FCX (Weekly) Feb 5 2016 6.5 Calls (Covered)
NUGT (Weekly) Feb 5 2016 30 Puts
UVXY (Weekly) Feb 5 2016 20 Puts
UVXY (Weekly) Feb 5 2016 35 Puts
UVXY (Weekly) Feb 5 2016 35.5 Puts
UVXY (Weekly) Feb 5 2016 36 Puts
UVXY (Weekly) Feb 5 2016 66 Calls
UVXY (Weekly) Feb 5 2016 85 Calls
UVXY (Weekly) Feb 5 2016 95 Calls
WYNN (Weekly) Feb 5 2016 64 Calls
WYNN (Weekly) Feb 5 2016 73.5 Calls
WYNN (Weekly) Feb 5 2016 74 Calls
— Assignments —
DUST (Weekly) Feb 5 2016 10 Puts
DUST (Weekly) Feb 5 2016 9.5 Puts
DUST (Weekly) Feb 5 2016 8 Puts
KSU (Weekly) Feb 5 2016 75 Calls (Covered) – Profitable exit and getting a lot of cash back
NUGT (Weekly) Feb 5 2016 32 Calls (Covered)
NUGT (Weekly) Feb 5 2016 32.5 Calls – Going short the stock
NUGT (Weekly) Feb 5 2016 40 Calls (Covered) – Profitable exit after a long holding period
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.
NUGT
Seems the shiny stuff has a big reversion to the mean to the upside. RSI OB on daily, but not sure it matters right now.
KOLD closes
#ContangoETFs Performed some margin management this morning by closing some calls. I will replace the 97 with new ITM calls in the future, but the rest were closed with profit.
BTC KOLD Feb 97 call for 79.00. Sold for 16.10 on Sept 29th
BTC KOLD Feb 250/275 call spreads for .65. Sold for 1.00 on 12/29
BTC KOLD Feb 270 calls for .50. Sold for 16.50 on 12/22
BTC KOLD Feb 240 calls for 1.50. Sold for 14.00 on 12/24
and these BOIL calls closed on GTC orders: (interesting that they finally close on an UP day for BOIL)
BTC BOIL March 35 call for .05. Sold for 2.30 on Nov 6th
BTC BOIL March 30 call for .05. Sold for 3.50 on Nov 5th
$GDX
What a beast this week. Dollar is up nicely today. Gold is flat to down a little. $XME is basically flat (given the overall market a definite out performer). Yet $GDX is strong as death.
NUGT
Trying to work back all the money Inlost in DUST/NUGT
STO June 72 call 4.65
$NUGT #ShortPuts #ScalpTrade – Sold…
$NUGT #ShortPuts #ScalpTrade – Sold NUGT(Weekly) Feb 05 2016 30.0 Puts @ 0.11. You take premium where you can. This expires tomorrow.
NUGT again
#ContangoETFs STO $NUGT Jan 2017 75 call for 7.70. GTC order in to sell the next one for 8.70.
NUGT call
#ContangoETFs STO NUGT June 72 call for 3.70. Highest strike. GTC order placed to sell the next one for 4.70.
NUGT BeCS
Adding to a starter position from a few weeks ago…I’ll add again if GDX gets to 17 or so.
Sold NUGT JUN 17 2016 50/60 Bear call spread @ 2.66
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.
DUST
The last week has put my feb 10 puts from decent profit to underwater in a week. $10.32 close means it may be roll time tomorrow.
The part about premium selling that sucks is the whipsaw. The shiny stuff putting the heat on right now.
Time to freak?
NO-Time to follow the plan and adjust/roll when atm hits. #psychology
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT Jan 20 2017 75.0 Calls @ 5.50. Highest available strike price.
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT Mar 18 2016 45.0 Call @ 2.10
$DUST #ShortPuts #Speculation – Sold…
$DUST #ShortPuts #Speculation – Sold DUST(Weekly) Feb 05 2016 10.0 Puts @ 0.25. This is simply a bet that DUST closes above 9.75 on Friday. Tread carefully.
$DUST #ShortPuts – Sold DUST(Weekly)…
$DUST #ShortPuts – Adding on to my #OptionLadder
Sold DUST(Weekly) Feb 26 2016 8.0 Puts @ 0.35
Sold DUST(Weekly) Mar 04 2016 8.0 Puts @ 0.45
a few trades…
$DUST #ShortPuts – it’s now…
$DUST #ShortPuts – it’s now cheaper to play DUST puts than NUGT Calls –
Sold DUST(Weekly) Feb 12 2016 9.5 Put @ 0.30
Sold DUST Feb 19 2016 9.0 Puts @ 0.35
$UVXY $NUGT
Added additional $UVXY Mar 11 $80 call @ $3.50
Followed Ramie STO Feb 26 $NUGT $37 calls @ $1.30
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
TZA call
Borrowing the strategy from Jeff.
Sold $TZA Mar 4 85 call @ 1.20.
Late day reports from yesterday…
Late day reports from yesterday that I missed:
$NUGT #ShortCalls – Sold NUGT Mar 18 2016 45.0 Calls @ 1.10
$KSU #CoveredCalls – Sold KSU Feb 5 2016 75.0 Calls @ 0.35
$QRVO #ShortCalls – Sold QRVO Feb 19 2016 50.0 Calls @ 0.35
$WFM #ShortCalls – Sold WFM Feb 12 2016 34.5 Calls @ 0.20
ETF circus
#ContangoETFs
STO $DUST June 123 calls for 1.75
STO $TZA July 85 call for 5.90
STO $KOLD Feb 19th 270 calls for 1.40
STO KOLD May 310 call for 7.20
BTC KOLD Feb 120 puts for .40. Sold for 1.30 on 1/7
KOLD calls
#ContangoETFs STO KOLD Feb 19th 215 call for 1.80 (thanks @Ramie)
STO KOLD May 20th 300 call for 4.40
Stone KOLD Crazy
Up over 20 today. Throwing one out there for Feb, strike 55 points out of the money.
Sold $KOLD Feb 19 215 call @ 1.80.
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT Mar 18 2016 60.0 Calls @ 0.40
$NUGT #CoveredCalls #OptionLadder – Sold…
$NUGT #CoveredCalls #OptionLadder – Sold all these this morning
Sold NUGT FEB 12 2016 35.0 Calls @ 0.50
Sold NUGT FEB 26 2016 37.0 Calls @ 1.00
Sold NUGT Mar 04 2016 35.0 Calls @ 1.80
Sold NUGT Mar 18 2016 52.0 Calls @ 0.57
NUGT Mar calls
On the move up in the miners, sold $NUGT Mar 18 45 calls @ 1.00
TNA TZA
Anyone play these on a consistent basis? Would shorting calls in each be viable as a way to take advantage of any drag or compounding issues each hold.
I use spy to beta weight my portfolio and would probably short more tna calls vs tza calls for more overall negative deltas as the market moves up on this countertend rally towards major fib lines.
Thoughts? Suggestions? Please let me know your experiences with these ETFs.
Thanks as always!
#OptionsExpiration for Jan 29 All…
#OptionsExpiration for Jan 29
All of the following expired. No assignments this week.
$AMZN 01/29/2016 505 puts
$AMZN 01/29/2016 710 calls (covered)
$AMZN 01/29/2016 725 calls (covered)
$CMG 01/29/2016 400 puts
$DUST 01/29/2016 20 calls (covered)
$NUGT 01/29/2016 40 calls
$SPX 01/29/2016 1955/1980 call spreads
$TZA 01/29/2016 75 calls
Have a great weekend everyone.
#OptionsExpiration #Weeklys #Jan29 – another…
#OptionsExpiration #Weeklys #Jan29 – another successfuly week selling premium. The most fun was the #EarningsCompression trades on $AMZN.
Also got to profitably exit some stock ($APA and $WYNN) recently acquired via Put assignment. I’d rather be long more cash and less stock during this bear market.
— Expirations —
AAPL (Weekly) Jan 29 2016 89 Puts
AMZN (Weekly) Jan 29 2016 500 Puts
AMZN (Weekly) Jan 29 2016 505 Puts
AMZN (Weekly) Jan 29 2016 710 Calls
AMZN (Weekly) Jan 29 2016 720 Calls
AMZN (Weekly) Jan 29 2016 725 Calls
CMG (Weekly) Jan 29 2016 390 Puts
CMG (Weekly) Jan 29 2016 395 Puts (Covered)
CMG (Weekly) Jan 29 2016 400 Puts (Covered)
FB (Weekly) Jan 29 2016 84 Puts
NUGT (Weekly) Jan 29 2016 28.5 Calls (Covered)
NUGT (Weekly) Jan 29 2016 40 Calls (Covered)
URI (Weekly) Jan 29 2016 60 Calls (Covered)
UVXY (Weekly) Jan 29 2016 20 Puts
UVXY (Weekly) Jan 29 2016 23 Puts
UVXY (Weekly) Jan 29 2016 31 Puts
UVXY (Weekly) Jan 29 2016 80 Calls
UVXY (Weekly) Jan 29 2016 85 Calls
UVXY (Weekly) Jan 29 2016 95 Calls
UVXY (Weekly) Jan 29 2016 95.5 Calls
WMB (Weekly) Jan 29 2016 20.5 Calls (Covered)
WYNN (Weekly) Jan 29 2016 70 Calls
WYNN (Weekly) Jan 29 2016 72 Calls
— Assignments —
APA (Weekly) Jan 29 2016 39.5 Calls (Covered) Profitable exit
APA (Weekly) Jan 29 2016 40.5 Calls (Covered) Profitable exit
FCX (Weekly) Jan 29 2016 6.5 Puts – Going long some stock
WYNN (Weekly) Jan 29 2016 65 Calls (Covered) Profitable exit
Options Expiration 1/29/16
Expiring with max profit:
$AMZN 515/710 strangles
$DUST 20 calls
$NUGT 35 calls
$FB 89/84 put spreads
$SPX 1955/1980 call spreads
$UVXY 60 calls
$VLO 64 puts
$VLO 74 call
#Assignments
$FB 102 calls, going short stock, cost basis 105 (did not play that one very well)
$VLO 67 puts, part of short stock position being covered
Have a great weekend everyone… I’ll be trading from Los Angeles next week!
$DUST #ShortCalls – Bought to…
$DUST #ShortCalls – Bought to close 1 DUST Mar 18 2016 55.0 Call @ 0.05. Originally sold 11/18/2015 at 2.20.
$KOLD #ShortPuts – Sold 1…
$KOLD #ShortPuts – Sold 1 KOLD Feb 19 2016 115 Put @ 2.15. Paired with an existing short 215 Call for February, completing the strangle. Both expire in 3 weeks.
KOLD trades
#ContangoETFs BTC $KOLD Feb 270 calls for .50. Sold for 16.50 on Dec 22nd
STO KOLD May 85 puts for 2.20
STO KOLD aug 70 put for 2.00
Gold Miners
Following plan to close at 80% profit
BTC DUST Feb. 19 34 call @.10
BTC DUST Mar. 40 Call @ .24
both around 80% profit
Miners on a tear lately.
TZAmanian devil.
STO $TZA Feb 19 70/75 call spread for 0.90.
$NUGT
Made 1 more trade on the gold spike after the Fed release.
STO Feb 19 $35 calls @ $0.75
$NUGT
Added a couple of $NUGT positions this morning.
STO Feb 12 $35 calls @ .45
STO Mar 4 $35 calls @ $1.35
KOLD strangles
#ContangoETFs On the swings today, STO $KOLD August 80 put for 2.55 and Feb 220 call for 4.00.
NUGT calls
#ContangoETFs STO $NUGT Jun 65 calls for 1.50
Friday trades and Psychology
Couldn’t post these due to my other real job.
STO Feb2 UVXY 27 put strike @.40
STO Feb ’16 SVXY 45 call @.60
STO Mar 1 UVXY 23 put @.65
STO Feb2 UVXY 29 put @.65
BTC Jan5 UVXY 82 call @.18-Probably would expire worthless, but nice two day gain and in this market I choose to error on the side of caution and take it when I have the nice gain.
BTC Feb1 25 put @.06
STO DUST Feb4 12 put @.55 I now have equal calls and puts on both sides for February.
I just wanted to comment on what I feel is the most important part of trading and that is psychology. Hopefully this spurs a continued theme here whereby we can notice certain traits with each other and help with self-coaching in this area as it can make you or break you as a long term and profitable trader.
My 3 main areas I am focusing on as strengths and weaknesses right now:
- Position sizing-Strength – I have made some erroneous trades this last year and what has saved me is my position sizing based on my rules per my account size
Goal-Continue with proper position sizing going forward
2. Discipline-Big Weakness- This is an area whereby I need to really focus my self-coaching. I make impulsive direction trades sometimes that are based on “gut” and not a plan or a setup.
Goal: I’ve started to create a set of daily trading plans using Evernote on my phone (Since most of my trades are via phone due to work) The plan includes If/Than statements same as an Algo would have setup in a trading strategy.
3. Stop/loss– Moderate weakness- Sometimes I have good stops and sometimes I let it go too far taking a larger loss than I should before an adjustment.
Goal-Write a plan for each month in my #vxxgame #miners and #/esfutsoptions of what my stops are targets are for each position.
Jeff and everyone,
I hope I did not clutter the site too much with this post and want to keep a continued #tag going on various #psychology self-coaching cues and strategies that could benefit everyone.
Enjoy your weekend!
Options Expiration for 1/22
Expiring:
$AMZN 01/22/2016 740.00 calls (covered)
$AMZN 01/22/2016 540.00 puts
$NFLX 01/22/2016 115.00 calls
$NFLX 01/22/2016 120.00 calls
$NUGT 01/22/2016 45.00 calls
$SPX 01/22/2016 1745/1720 put spreads
$UA 01/22/2016 70.00 puts
$UVXY 01/22/2016 80.00 calls
$UVXY 01/22/2016 97.00 calls
No assignments this week.
Have a great weekend everyone. I hope you avoid the brunt of the storms on the east coast.
Options Bistro 