Option Iceman 12:40 pm on Friday, January 22, 2016
Tags: OptionsExpiration ( 796 )

#OptionsExpiration – very good week…

#OptionsExpiration – very good week with the late week recovery. No assignments this week. Posting early today. Spending the weekend in NYC enjoying the snow 🙂

— Expirations —
CMG (Weekly) Jan 22 2016 407.5 Puts
CMG (Weekly) Jan 22 2016 410 Puts
CMG (Weekly) Jan 22 2016 412.5 Puts
CMG (Weekly) Jan 22 2016 415 Puts
CMG (Weekly) Jan 22 2016 417.5 Puts
CMG (Weekly) Jan 22 2016 420 Puts
CMG (Weekly) Jan 22 2016 422.5 Puts (Covered)
CMG (Weekly) Jan 22 2016 425 Puts (Covered)
CMG (Weekly) Jan 22 2016 427.5 Puts (Covered)

NFLX (Weekly) Jan 22 2016 134 Calls
NFLX (Weekly) Jan 22 2016 135 Calls
NFLX (Weekly) Jan 22 2016 136 Calls
NFLX (Weekly) Jan 22 2016 137 Calls
NFLX (Weekly) Jan 22 2016 138 Calls

NUGT (Weekly) Jan 22 2016 45 Calls (Covered)

UVXY (Weekly) Jan 22 2016 20 Puts
UVXY (Weekly) Jan 22 2016 24 Puts
UVXY (Weekly) Jan 22 2016 80 Calls
UVXY (Weekly) Jan 22 2016 85 Calls
UVXY (Weekly) Jan 22 2016 97 Calls

WYNN (Weekly) Jan 22 2016 61 Calls (Covered)
WYNN (Weekly) Jan 22 2016 65 Calls (Covered)

Jeff 11:53 pm on Thursday, January 21, 2016

Webinar Recording – Contango ETFs, Jan 20, 2016

This recording has expired. It was I held on Jan 20th and was posted here for one week. It will return, as we’ll as other webinars. If you have questions or comments, you can reply to this post. Thanks.

Jeff 10:58 am on Thursday, January 21, 2016

ETF Webinar Recording

This video has expired for now. Look for it and other webinars to return soon.

Michta 5:07 pm on Wednesday, January 20, 2016
Tags: VXXGame ( 769 )

#ContangoETFs #vxxgame

Greetings everyone. Hope everyone is making it through this downdraft ok. My accounts have seen better times, but I’m still weathering the storm thus far. New contributor and really enjoy the site and learning about the #vxxgame in particular.

Current vxx positions all small. Some positions have been on a while.

Short Jan5 82 calls @1.05

Short Feb1 25 puts @.80

Short Feb ’16 21 puts @.76

Short Feb ’16 22 puts @.66

Short Jan ’17 170 calls @11.75 (underwater currently)

Closed Short SVXY 35 puts today @4.30 Originally sold @1.10 (Will look to roll these somewhere in the coming days)

Gold Miner positions:

DUST-Short Feb ’16 10 puts @.63

DUST-Short Feb ’16 34 calls @.65

DUST-Short March ’16 40 calls @1.25 (Got this idea from Bistro-thanks!)

NUGT-I was burned on some short 19 puts that I put on when it was pushing above 27. Will look to roll somewhere soon.

I put on ES future options spread last night around 9est. I tend to use these to hedge or in place of SPX Spreads during Vol markets.

Feb ’16 1800/1780 put spread bought @4.75 and sold at 6.75 before lunch. (Lucky to get out before the big reversal)

Also short some WMT Jan ’17 50 puts @2.13 back in early December. (Gave back a lot of profit on this in the last 13 days)

I have some XLE calendars I’ve been playing for months and also tend to day trade SPY options a few times a week.

I use daily and weekly options trade alerts to watch the big dogs to help determine direction and large bets in individual names.

Jeff 10:18 am on Wednesday, January 20, 2016
Tags: ContangoETFs ( 446 ), Rolling ( 450 )

TZA roll

#ContangoETFs #Rolling Rolled short calls into a strangle
BTC TZA Feb 18th 70 calls for 7.95
STO TZA March 18th 80 calls for 7.15
STO TZA March 18th 50 puts for 1.00

Jeff 7:18 am on Wednesday, January 20, 2016
Tags: ContangoETFs ( 446 ), EarlyAssignment ( 19 ), Rolling ( 450 )

TZA rolling

#EarlyAssignment #Rolling #ContangoETFs
Although I have been rolling my $TZA position that started as a Jan 15th 50 calls, I did not roll my Jan 22nd 50 calls. One was assigned last night, so today rolled the whole position:

Assigned (1) TZA Jan 22nd 50 call
STC (100) TZA stock for 69.75
BTC (1) TZA Jan 22nd 50 call for 19.90
STO (2) TZA March 50 calls for 20.60

Jeff 9:22 pm on Tuesday, January 19, 2016
Tags: ContangoETFs ( 446 ), Webinars ( 3 )

Contango ETF webinar – TODAY (Wednesday)

Learn about the ETFs that OptionsBistro traders love, like UVXY, NUGT, and KOLD! The products that, by design, are dragged downward over time, giving traders an edge.

If you have not previously replied, this is your chance… there are limited spaces remaining, so the first people to reply to this post will get the remaining slots. If you miss out, look for a recording that will be posted on this site for a limited time starting Thursday.

Thanks!

#Webinars #ContangoETFs

Option Iceman 2:18 pm on Tuesday, January 19, 2016
Tags: ShortCalls ( 979 )

$DUST #ShortCalls – Sold DUST…

$DUST #ShortCalls – Sold DUST Jan 20 2017 55.0 Calls @ 3.90. Highest available strike price.
Now Short the Highest calls in both DUST and NUGT. I think they both expire.

Jeff 9:18 am on Tuesday, January 19, 2016
Tags: ContangoETFs ( 446 )

ETF circus

STO $KOLD August 265 call for 14.00
STO $DUST March 40 calls for 1.25
BTC $BOIL March 50 call for .05. Sold for 1.05 on Nov 5th

March strikes were added for KOLD, but highest strike is only 165, which is currently 5 points ITM.

#ContangoETFs

Ramie 9:10 am on Tuesday, January 19, 2016
Tags: ContangoETFs ( 446 )

DUST calls

Sold $DUST Mar 18 40 call @ 1.25

#contangoetfs

Kelly 7:24 am on Tuesday, January 19, 2016
Tags: ContangoETFs ( 446 )

$GDX

No love for the Gold Miners right now. Market goes down, they go down. Market goes up, they go down.

#contangoetfs

Option Iceman 7:38 pm on Friday, January 15, 2016
Tags: Jan15, Monthlys ( 13 ), OptionsExpiration ( 796 )

#OptionsExpiration #Jan15 #Monthlys – Substantial…

#OptionsExpiration #Jan15 #Monthlys – Substantial numbers of short Options expired, especially in BOIL, KOLD, DUST, NUGT, SVXY, and most especially in UVXY.

Of course, with Oil and the general market at yearly lows, a lot of short puts on individual stocks were assigned. A lot of covered calls are going to be sold on the next big rally.

— Expirations —
AVGO Jan 15 2016 100 Puts
BOIL Jan 15 2015 20 Calls (Covered)
BOIL Jan 15 201521/22/23/24/25 Calls
CMG Jan 15 2016 375/395/397.5/400 Puts
COH Jan 15 2016 27 Puts
CVX Jan 15 2016 75 Puts
DATA Jan 15 2016 65 Puts
DO Jan 15 2016 16.75 Puts
DUST Jan 15 2015 10 Puts
DUST Jan 15 2016 20 Calls (Covered)
DUST Jan 15 2016 75 Calls
EOG Jan 15 2016 60 Puts
FLR Jan 15 2016 40 Puts
KOLD Jan 15 2016 105/110/114/115/116 Puts
KOLD Jan 15 2016 117/118/119/120/120/121 Puts
KOLD Jan 15 2016 122/123/124/125/126/127 Puts
KOLD Jan 15 2016 200/215/225/310 Calls
KORS Jan 15 2016 35 Puts
LL Jan 15 2016 26 Calls
MYL Jan 15 2016 45 Puts
NFLX Jan 15 2016 90 Puts
NFLX Jan 15 2016 122.86 Calls
NFLX Jan 15 2016 125.71 Calls
NSC Jan 15 2016 70 Puts
NUGT Jan 15 2016 40 Calls (Covered)
NUGT Jan 15 2016 50/60/75 Calls
SVXY Jan 15 2016 30/32.5/35 Puts
SVXY Jan 15 2016 50 Calls (Covered)
SVXY Jan 15 2016 85/86/87/88/89/90 Calls (Covered)
URI Jan 15 2016 45 Puts
UVXY Jan 15 2016 20 Puts
UVXY Jan 15 2016 80/85/95/100 Calls
UVXY Jan 15 2016 105/110/115/140 Calls
UVXY Jan 15 2016 150/155/170 Calls
UVXY1 Jan 15 2016 120/155/185/199/195/200 Calls
WDAY Jan 15 2016 60 Puts
WYNN Jan 15 2015 65 Calls (Covered)
XOM Jan 15 2016 70 Puts

— Assignments —
APA Jan 15 2016 37.5/40 Puts
CHK Jan 15 2016 8 Puts
CMG Jan 15 2016 430/432.5/435/445/450 Calls – going short the stock
CNX Jan 15 2016 11/12/15/16 Puts
FCX Jan 15 2016 14 Puts
FTI Jan 15 2016 40 Puts
HP Jan 15 2016 55 Puts
JOY Jan 15 2016 21/26 Puts
KOLD Jan 15 2016 162 Calls – I’ll either go short or cover next week
MU Jan 15 2016 16 Puts
SUNE Jan 15 2016 8/11/12/17 Puts
SVXY Jan 15 2016 40 Puts – adding to a substantial long position in an IRA
SWN Jan 15 2016 18/19 Puts
TIF Jan 15 2016 70 Puts
TWTR Jan 15 2016 27 Puts
URI Jan 15 2016 57.5 Puts
VXX Jan 15 2016 26 Calls – Going short the stock
WDC Jan 15 2016 60 Puts
WMB Jan 15 2016 20 Puts
WYNN Jan 15 2016 65 Puts

Ramie 1:38 pm on Friday, January 15, 2016
Tags: OptionsExpiration ( 796 )

#OptionsExpiration for January monthly Expired:…

#OptionsExpiration for January monthly

Expired:
$AAPL 01/15/2016 80.00 puts
$AAPL 01/15/2016 90.00 puts
$AMZN 01/15/2016 630.00 calls (covered)
$AMZN 01/15/2016 715.00 calls (covered)
$AMZN 01/15/2016 560.00 puts
$CMG 01/15/2016 375.00 puts
$CYBR 01/15/2016 35.00 puts
$DATA 01/15/2016 70.00 puts
$DE 01/15/2016 70.00 puts
$DUST 01/15/2016 45.00 calls
$DUST 01/15/2016 50.00 calls
$DUST 01/15/2016 75.00 calls
$FB 01/15/2016 100.00 calls
$FTI 01/15/2016 41.00 calls (covered)
$GMCR 01/15/2016 60.00 puts
$GMCR 01/15/2016 75.00 puts
$KOLD 01/15/2016 200.00 calls
$KOLD 01/15/2016 210.00 calls
$KOLD 01/15/2016 215.00 calls
$KOLD 01/15/2016 310.00 calls
$KOLD 01/15/2016 110.00 puts
$KOLD 01/15/2016 114.00 puts
$NFLX 01/15/2016 121.43 calls
$NFLX 01/15/2016 124.29 calls
$NFLX 01/15/2016 140.00 calls
$NFLX 01/15/2016 97.00 puts
$NUGT 01/15/2016 50.00 calls
$NUGT 01/15/2016 75.00 calls
$SVXY 01/15/2016 55.00 calls (covered)
$SVXY 01/15/2016 61.00 calls (covered)
$SVXY 01/15/2016 70.00 calls (covered)
$SWKS 01/15/2016 60.00 puts
$UVXY 01/15/2016 60.00 calls
$UVXY 01/15/2016 80.00 calls
$UVXY 01/15/2016 85.00 calls
$UVXY 01/15/2016 95.00 calls
$UVXY 01/15/2016 100.00 calls
$UVXY 01/15/2016 110.00 calls
$UVXY 01/15/2016 125.00 calls
$UVXY 01/15/2016 170.00 calls
$WHR 01/15/2016 120.00 puts
$XOM 01/15/2016 70.00 puts
$XOP 01/15/2016 37.00 calls
$ZSL 01/15/2016 92.50 calls

Assignments (going long stock):
$SVXY 01/15/2016 65.00 puts (as if I need any more of this)
$WMT 01/15/2016 67.50 puts

Have a great long weekend everyone. Is it February yet?

jdietz1954 1:29 pm on Friday, January 15, 2016
Tags: OptionsExpiration ( 796 )

#OptionExpiration

Expired with max profit

$SVXY Jan 55 Call

#OptionsExpiration

Kelly 1:18 pm on Friday, January 15, 2016
Tags: OptionsExpiration ( 796 )

#OptionsExpiration

$NUGT $31 calls

$UVXY $70 calls

$UVXY $95 calls

Closed out my higher Strike $UVXY calls and my $UVXY puts earlier in the week.

Have great weekend everyone.

#OptionsExpiration

Jeff 1:17 pm on Friday, January 15, 2016
Tags: Assignment ( 174 ), OptionsExpiration ( 796 )

Options Expiration 1/15/16

#OptionsExpiration
Expiring with max profit…
$DUST 22 and 23 calls
$KOLD 110, 114, 119, 120, and 130 puts
$KOLD 200 call
$NUGT 20 put
$NUGT 34, 45, 50 calls
$SVXY 30 put
$UVXY 20, 22, 23, and 35 puts
$UVXY 35/33 put spread
$UVXY 100, 110, 125 calls
$VLO 74 call
$ZSL 65/67.5 call spreads
$ZSL 70 and 72.5 calls

#Assignment
$KOLD 150, 155, 159, 160 calls, stock I bought today called away. Will sell roll positions in coming days.

Kelly 1:14 pm on Friday, January 15, 2016
Tags: ContangoETFs ( 446 )

$GDX as Gold Proxy

It is often talked about by traders and others on TV that when they think Gold is going to increase, they will tell people to buy $GDX as the way to do it. The idea being that the gold miners have a lot of leverage to increases in gold prices and hence will outperform gold. What we are seeing before our eyes is why that doesn’t work. Regardless of gold increasing in price, the stocks of the gold miners, are just that, STOCKS. When the market is selling off, they are selling off everything. Gold actually had a pretty good day today, up about $15, yet $GDX was down. It gapped up on the open, likely because the gold futures were up nicely, but then $GDX just sold off all day long.

If you overlay the $GDX on top of $GLD (or /GC) you will see a dramatic under performance of the $GDX vs Gold itself. I looked out over the past 9 months, 1 year and 3 years.

Lesson, if you think Gold is going to go up because of what is happening to the currencies, or you want to use it as protection during the high volatility we are in, buy $GLD (or $IAU) and forget about playing it through the miners.

#contangoetfs

Jeff 1:06 pm on Friday, January 15, 2016

Pre-expiration final trades

BTC $AAPL 100 puts for 2.90. Sold Tuesday as part of a strangle for 2.34, so .56 loss.

BTC $VLO 67 (covered) puts for .57. Sold for .87 avg price. Keeping my short stock position as I think I’ll have better chance to unload next week.

BTC $TZA July 65 calls for 14.00. Sold for 10.40 on Wednesday. Been rolling this one whenever it hits ATM… will sell the roll next week as I expect TZA goes higher.

STO $TZA April 85 for 6.05… adding 1 at each dollar increment: 4.05, 5.05, 6.05

STC $TLT Jan 15th 123 call for 2.75. Bought for 1.42 avg price.

Jeff 7:49 am on Friday, January 15, 2016
Tags: ContangoETFs ( 446 ), Rolling ( 450 )

KOLD rolling

#ContangoETFs – I made the error of getting too bearish on this and I sold Jan calls recently that will now be costly to cover. Fool myself once. I will now stick to only further OTM calls and puts. Not posting specific trades because I’m doing them piecemeal, but today closing Jan 150, 155, 159, and 160 calls. I bought some stock at 166.10 to have called away. Also sold Feb 120 puts for 2.20 and May 270 call for 9.00. Will sell more in coming weeks… right now giving my margin a rest. Still short some deep ITM calls in Feb, and numerous Feb and May calls over 220. #Rolling

Ramie 9:46 am on Thursday, January 14, 2016

KOLD snap

Sold Feb 19 270 call @ 2.70. Strike price over 110 points higher than current price and 2 standard deviations away. Not that standard statistical measures and probabilities have as much relevance with reverse leveraged ETFs based on commodity futures but it’s something. The more important factor here is the tracking error headwinds that will keep this ETF down; because of that it likely won’t get back to its December high of 223 even if natural gas gets back down to the corresponding low it reached then.

Jeff 7:04 am on Thursday, January 14, 2016

some trades…

STO $UVXY Jan 15th 55 calls for .60
STO $TZA April 85 call for 5.05, added to the one I sold for 4.05 yesterday
BTC $BOIL Jan 15th 25 calls for .05, for no other reason than I forgot I had a GTC order in. Sold for 1.10 in November

Ramie 6:54 am on Thursday, January 14, 2016

TZA calls

Sold $TZA Jan 29 75 call @ 1.30

Jeff 5:45 am on Thursday, January 14, 2016
Tags: ContangoETFs ( 446 )

Managing options positions through max Payne

I made a presentation last night to a local Options Trading group about #ContangoETFs, and I included the recent $KOLD trade through the swing from 90 to 220, where many of us held ITM naked calls on the whole ride up. I shared @fuzzballl‘s tactics of selling ITM puts, and of selling the long leg of a way-ITM spread while it was riding high. One member said you need to have “ice in your veins” to handle these types of trades without panic.

It is true that the way many of us trade UVXY and other naked options is not for everyone. I stressed last night and I stress again now, you must know the products you’re trading and you MUST control position size so your account can handle worst case scenarios.

For new members or followers to Bistro, be sure to ask any of the traders here any questions about their positions. This is a good group, always willing to offer advice. I learned much of what I do from many of these people, including @optioniceman who first taught me the tricks to selling naked premium.

(And if you want to see some of the KOLD trading, use search box in the right column and enter the term “KOLD”)

Kelly 6:07 pm on Wednesday, January 13, 2016

$GDX #Divergence

Gold actually had a pretty good day today, but GDX went nowhere. The over all selling frenzy that took over the market seems to have affected the gold minors as well even though gold was going up. That sets up for $GDX to possibly make some sort of a catch up move tomorrow.

fuzzballl 11:33 am on Wednesday, January 13, 2016

KOLD follow up

Closed this thing last week. Ended up with an inverted strangle (220put/120call) that had brought in 80 dollars after all the rolls. I could’ve rolled the entire thing out another month for about a 10 dollar credit but decided to close it and take the loss. Luckily one spread but still a loss…bright side is it could’ve been a lot worse due to the extreme margin requirements at TDA and now a ton of buying power released to use elsewhere!

Jeff 11:00 am on Wednesday, January 13, 2016
Tags: ContangoETFs ( 446 ), Rolling ( 450 )

TZA rolling

#ContangoETFs #Rolling one position and opening another one. The April positions started as Jan 50’s, then rolled to April 60’s, now rolled to July 65’s. I can do this all year (at least until I run out of expiries).

BTC $TZA April 60 calls for 9.00 (sold for 5.85 last Thursday)
STO $TZA July 65 calls for 10.40

STO $TZA April 85 call for 4.05 (order in to sell another at 5.05)

Jeff 8:26 am on Wednesday, January 13, 2016
Tags: ContangoETFs ( 446 )

Threading the needle

#ContangoETFs STO $KOLD Jan 15th 130 puts for 1.40.

KOLD between 130 and 150 is my sweet spot for January expiration… and then plummet below 100 for February expiry. Is that too much to ask?

Jeff 7:32 am on Tuesday, January 12, 2016
Tags: ContangoETFs ( 446 )

More ETF action

#ContangoETFs
STO $DUST March 24 call for 1.75
STO $KOLD Jan 15th 159 call for 2.35
STO $KOLD May 280 call for 6.20

Jeff 6:45 am on Tuesday, January 12, 2016
Tags: ContnagoETFs

Gold plunge

#ContnagoETFs BTC $NUGT March 70 call for .35. Sold for 1.85 on Dec 4th
STO $DUST Jan 29th 20 calls for .80

Kelly 5:57 am on Tuesday, January 12, 2016

#Gold $GDX $NUGT $DUST

Gold making another pretty good drop which should translate into $GDX making another big move today. Look for $NUGT and $DUST to really get juiced.

Have some short $DUST $17 calls expiring on friday that could get into trouble. Plan would be to just roll them if needed. I will just have to take solace in the fact that my short $NUGT calls will be killing it. I may take some profits on a few short $DUST calls today and look to re-enter again.

Kelly 9:48 am on Monday, January 11, 2016
Tags: ContangoETFs ( 446 )

$GDX, $DUST, $NUGT

Wow, relatively minor move in Gold (/GC) today but $GDX is getting hit hard. $DUST and $NUGT really on the move.

#contangoetfs

Jeff 7:53 am on Monday, January 11, 2016
Tags: ContangoETFs ( 446 )

KOLD pop

#ContangoETFs Selling whatever I can for options that expire Friday…
STO $KOLD Jan 15th 155 calls for 1.50

Jeff 7:15 am on Monday, January 11, 2016
Tags: ContangoETFs ( 446 )

kick up DUST

#ContangoETFs STO $DUST June 25 call for 2.15

Option Iceman 2:17 pm on Friday, January 8, 2016
Tags: OptionsExpiration ( 796 )

#OptionsExpiration – some good some…

#OptionsExpiration – some good some bad. Out of $UVXY. Into $CMG and $WYNN

— Expirations —
CMG (Weekly) Jan 8 2016 395 Puts
NFLX (Weekly) Jan 8 2016 90 Puts
NFLX (Weekly) Jan 8 2016 95 Puts
NUGT (Weekly) Jan 8 2016 36 Calls

SVXY (Weekly) Jan 8 2016 48 Calls
SVXY (Weekly) Jan 8 2016 48.5 Calls
SVXY (Weekly) Jan 8 2016 65 Calls
SVXY (Weekly) Jan 8 2016 66 Calls
SVXY (Weekly) Jan 8 2016 70 Calls

UVXY (Weekly) Jan 8 2016 20 Puts
UVXY (Weekly) Jan 8 2016 50 Calls
UVXY (Weekly) Jan 8 2016 55 Calls
UVXY (Weekly) Jan 8 2016 60 Calls
UVXY (Weekly) Jan 8 2016 65 Calls
UVXY (Weekly) Jan 8 2016 70 Calls
UVXY (Weekly) Jan 8 2016 75 Calls
UVXY (Weekly) Jan 8 2016 80 Calls

— Assignments —
CMG (Weekly) Jan 8 2016 420 Puts
UVXY (Weekly) Jan 8 2016 40 Calls (Covered)
UVXY (Weekly) Jan 8 2016 41 Calls (Covered)
UVXY (Weekly) Jan 8 2016 42 Calls (Covered)
UVXY (Weekly) Jan 8 2016 43 Calls (Covered)
UVXY (Weekly) Jan 8 2016 44 Calls (Covered)
WYNN (Weekly) Jan 8 2016 61 Puts (Covered) – covered my short position
WYNN (Weekly) Jan 8 2016 60 Puts – puts me long again

Jeff 10:58 am on Friday, January 8, 2016
Tags: ContangoETFs ( 446 )

more KOLD cut

#ContangoETFs Two-day rally in Nat Gas and $BOIL is likely to see some relaxing on Monday. Hoping $KOLD waits for another week before getting below 120, but it’s definitely headed there.

STO KOLD Jan 15th 114 put for 2.25
STO KOLD Jan 15th 110 puts for 1.30

Option Iceman 11:49 am on Thursday, January 7, 2016
Tags: ShortPuts ( 4,764 )

$DUST #ShortPuts – Sold DUST…

$DUST #ShortPuts – Sold DUST Jan 15 2016 10.0 Puts @ 0.20 – expires in 6 days.

Jeff 11:27 am on Thursday, January 7, 2016
Tags: ContangoETFs ( 446 ), Rolling ( 450 )

Out and Up

#ContangoETFs #Rolling
Man how I love these ETFs; able to roll 10 points higher and still take in a huge credit. $TZA hasn’t been to 60 since the Oct 2014 correction.
BTC TZA Jan 15th 50 calls for 4.65. Sold for 1.40 on Dec 7th.
STO TZA April 15th 60 calls for 5.85.

Option Iceman 10:07 am on Thursday, January 7, 2016

$NUGT $DUST – both are…

$NUGT $DUST – both are on the move. Some near term and long term bets:

Sold NUGT(Weekly) Jan 22 2016 45.0 Calls @ 0.25
Sold DUST Feb 19 2016 10.0 Puts @ 0.75

Sold 1 NUGT Jun 17 2016 72.0 Call @ 2.60

Jeff 8:32 am on Thursday, January 7, 2016
Tags: ContangoETFs ( 446 ), Earnings ( 3,111 )

KOLD closing, VLO opening

#ContangoETFs BTC $KOLD Feb 19th 300 call for .90. Sold for 16.00 on Dec 18th. I don’t think this is at risk of being breached, but closing calls does release margin pressure. I am happy with over 90% of max.

STO $VLO Jan 22nd 74 call for 1.00, after selling a put on this morning’s dip. #Earnings

Jeff 8:06 am on Thursday, January 7, 2016
Tags: ContangoETFs ( 446 )

KOLD low

Nat Gas resuming its rally, and $KOLD hits its lowest point since November 19th.
STO $KOLD Jan 15th 119 put for 1.80
STO $BOIL March 18th 24 call for 1.30
#ContangoETFs

Jeff 6:53 am on Thursday, January 7, 2016
Tags: ContangoETFs ( 446 )

KOLD puts

#ContangoETFs STO $KOLD Jan 15th 120 puts for 1.30. Margin-free against numerous short calls and expiring in 6 trading days.

Option Iceman 6:46 am on Thursday, January 7, 2016
Tags: CoveredCalls ( 2,202 )

$NUGT #CoveredCalls – Sold NUGT…

$NUGT #CoveredCalls – Sold NUGT Jan 15 2016 40.0 Calls @ 0.15. These expire in 6 days and the stock is not even to 30 yet

Jeff 9:56 am on Wednesday, January 6, 2016
Tags: ContangoETFs ( 446 )

ETF calls

#ContangoETFs
STO $NUGT Jan 29th 35 calls for 1.15
STO $KOLD Feb 320 calls for 1.15
STO $KOLD Feb 220 call for 4.60

Thanks @optioniceman for the ideas.

Option Iceman 8:49 am on Wednesday, January 6, 2016
Tags: ShortCalls ( 979 )

$KOLD #ShortCalls – Sold KOLD…

$KOLD #ShortCalls – Sold KOLD Feb 19 2016 220.0 Calls @ 4.20

Option Iceman 7:05 am on Wednesday, January 6, 2016
Tags: ShortCalls ( 979 ), Weeklys ( 104 )

$NUGT #ShortCalls #Weeklys – Sold…

$NUGT #ShortCalls #Weeklys – Sold NUGT Jan 29 2016 40.0 Calls @ 0.55

fuzzballl 10:50 am on Tuesday, January 5, 2016

NUGT calls

Missed these earlier…held off the last couple days to see if it was really gonna bounce with a gold rally. Doesn’t look like it today.

Sold NUGT JUN 17 2016 50.0 Call @ 3.30
Sold NUGT JUN 17 2016 55.0 Call @ 2.80

fuzzballl 10:06 am on Tuesday, January 5, 2016

$DUST straddle

Continuing to book one side and roll the other for a credit until this thing recovers. Not much left in these so rolling at the 45 day mark for Feb.

Rolled DUST Jan 22 puts to Feb 22 @ .80 credit (accumulated premium now up to 5.35)

Still sitting on the Jan 22 calls that were sold for 1.30. Once I’m out of those will be looking to sell 21 or 22 calls for Feb to reset the straddle.

Ramie 9:24 am on Monday, January 4, 2016

$KOLD: Closing an ATM call for January

This was from a rollout. Closing the position and booking a nice profit on the fully rolled position.

Bought to close $KOLD Jan 15 136 call @ 12.00. Sold for 41.32 as a rollout on 12/7. Booked an 18.10 loss on 12/7 and recovered 29.32 today leaving a net profit of 11.22. The rest of my January calls are at 200 and above (200, 210, 215, 310).

Ramie 1:20 pm on Thursday, December 31, 2015

Options Expiration 12/31

I was away from my desk for the last couple of hours of trading. While I was out, I had to close a position I thought was probably safe earlier in the day; it proved not to be the case so I wanted to avoid assignment. Bought to close $NFLX Dec 31 115 puts @ .49. Was able to still take out over 70% of max profit.

Expirations:

$NUGT 12/31/2015 34.00 calls

$UVXY 12/31/2015 56.00 calls

No assignments this week.

Have a fantastic (and safe) New Years everyone. To a happy, healthy and prosperous 2016!

Option Iceman 1:11 pm on Thursday, December 31, 2015
Tags: Dec31, EndOfYear, OptionsExpiration ( 796 ), Weeklys ( 104 )

#OptionsExpiration #Weeklys #Dec31 #EndOfYear -…

#OptionsExpiration #Weeklys #Dec31 #EndOfYear – One last week with 100% of the short Options sold expiring with 100% of the max Profit.

I love selling premium, and I love weekly expirations.

CMG (Weekly) Dec 31 2015 400 Puts
KSU (Weekly) Dec 31 2015 75 Calls (Covered)
NUGT (Weekly) Dec 31 2015 35 Calls (Covered)

SVXY (Weekly) Dec 31 2015 53 Calls (Covered)
SVXY (Weekly) Dec 31 2015 54 Calls (Covered)
SVXY (Weekly) Dec 31 2015 65 Calls (Covered)
SVXY (Weekly) Dec 31 2015 70 Calls (Covered)
SVXY (Weekly) Dec 31 2015 71 Calls (Covered)

UVXY (Weekly) Dec 31 2015 20 Puts
UVXY (Weekly) Dec 31 2015 56 Calls (Covered)

WYNN (Weekly) Dec 31 2015 64.5 Puts (Covered)

XOP (Weekly) Dec 31 2015 31.5 Calls (Covered)

Happy New Year everyone

Jeff 1:04 pm on Thursday, December 31, 2015

Options Expiration 12/31/15

Expiring with 100% of max profit:
$DUST 20 calls
$NUGT 34 call
$SPX 2005/1980 put spreads
$SPX 2100/2125 call spreads
$VLO 66 puts (covered)

Have a great New Year’s weekend every one! See you on the other side.

Kelly 12:45 pm on Thursday, December 31, 2015

$NUGT

STO Jan 22 $32 calls @ $0.65

Kelly 8:09 am on Thursday, December 31, 2015

$NUGT

STO Jan 8 $29 calls @ $0.30

geewhiz112 4:19 pm on Wednesday, December 30, 2015

Trades

STO $KOLD 5/20 $310C @ 8.8 Thanks Iceman
STO $KOLD 5/20 $275C @ 7.3 Thanks Iceman
STO $KOLD 5/20 $114P @ 1.3 Thanks Iceman
BTO Cov Call $CLVS 1/15 35C @ 32.5 net
BTO Cov Call $GPS 2/19 26C @ 24.55 net Thanks Forexpro
STO $AMZN 1/15 640/650 BUPS @1.15
STO $NFLX 1/15 110/115 BUPS @ 1.15
STO $SPXW 1/8 1975/2000 BUPS @1.25 Thanks Jeff
STO $UVXY 1/15 22P and 2oP @ 1 and .45 Thanks Iceman
STO $THC 2/19 25P @.7 Thanks Ramie

Option Iceman 1:18 pm on Wednesday, December 30, 2015

$KOLD – I’m now the…

$KOLD – I’m now the bid “at a nickel” on several of the short puts I sold in this name yesterday. I’ll keep these as GTC orders until Jan 8th. If they have not filled by then, I’ll cancel the orders and gut out the last week until expiration.

Tomorrow is the last trading day of 2015. Made money overall and I hope you all (or y’all) did too.

Jeff 7:11 am on Wednesday, December 30, 2015
Tags: ContangoETFs ( 446 ), ReverseRoll ( 144 )

KOLD pop

Of course, my morning post yesterday probably signaled a low in $KOLD. Nothing like shouting that it will be below 100 in two weeks to get it to shoot higher immediately. Still, taking some put side risk off and adding some calls.
BTC $KOLD Jan 114 puts for 1.50. Sold for 3.45 on 12/3
BTC $KOLD Feb 90 put for 2.00. Sold for 4.00 on 11/23
STO KOLD Feb 240 call for 5.00
STO KOLD Feb 250/275 call spreads for 1.00 — the margin to sell 4 of these was less than selling one 250 call for 4.00

#ContangoETFs #ReverseRoll

Option Iceman 7:09 am on Wednesday, December 30, 2015

$KOLD – the high bids…

$KOLD – the high bids have vanished for the KOLD Jan Puts I sold yesterday, except for (surprisingly) the 114 Puts (1 Bid by 2 ask). Whoever hits the bid first wins!!

Jeff 6:43 am on Wednesday, December 30, 2015
Tags: ContangoETFs ( 446 )

Heavy metals

#ContangoETFs
STO $DUST Feb 25 calls for 1.05
STO $ZSL May 80 call for 3.00

Option Iceman 10:19 am on Tuesday, December 29, 2015
Tags: NatGas ( 3 ), ShortPuts ( 4,764 )

$KOLD #ShortPuts #NatGas – some…

$KOLD #ShortPuts #NatGas – some of these may be assigned in about 2 1/2 weeks, but since I am short some Feb and May 136/140 calls, it’s all good.
Sold 1 KOLD Jan 15 2016 114.0 Put @ 2.40
Sold 1 KOLD Jan 15 2016 115.0 Put @ 2.30
Sold 1 KOLD Jan 15 2016 116.0 Put @ 3.20
Sold 1 KOLD Jan 15 2016 117.0 Put @ 2.70
Sold 1 KOLD Jan 15 2016 118.0 Put @ 3.90
Sold 1 KOLD Jan 15 2016 119.0 Put @ 4.10
Sold 1 KOLD Jan 15 2016 120.0 Put @ 4.30
Sold 1 KOLD Jan 15 2016 121.0 Put @ 4.70
Sold 1 KOLD Jan 15 2016 122.0 Put @ 4.90
Sold 1 KOLD Jan 15 2016 123.0 Put @ 5.20
Sold 1 KOLD Jan 15 2016 124.0 Put @ 5.50
Sold 1 KOLD Jan 15 2016 125.0 Put @ 5.80
Sold 1 KOLD Jan 15 2016 126.0 Put @ 6.20
Sold 1 KOLD Jan 15 2016 127.0 Put @ 6.60
These are horribly illiquid so sales need to execute on the opening on a big down day, like these did.

Jeff 6:59 am on Tuesday, December 29, 2015
Tags: ContangoETFs ( 446 ), ReverseRoll ( 144 )

KOLD roll

#ContangoETFs #ReverseRoll
BTC $KOLD Jan 150 put for 21.00. Sold for 4.10 on 12/14
BTC KOLD Jan 140 put for 14.00. Sold for 3.10
STO KOLD Feb 110 call for 35.60 (ITM)
STO KOLD May 275 call for 7.00

Ramie 6:38 am on Tuesday, December 29, 2015

BOIL popping

Sold $BOIL Mar 18 2016 25 covered call @ 1.50

Jeff 6:29 am on Tuesday, December 29, 2015
Tags: ContangoETFs ( 446 ), ReverseRoll ( 144 )

Good morning….

Nat Gas futures up again… seems clear we are in a sustained bounce/rally, even as other energy still wavers. Not sure if the bottom is in, but if the upticks continue, and with the magnified effect on 2x ETF’s, $KOLD is set to collapse back below 100 with in a couple weeks. I am #ReverseRoll my way out of short puts, able to still sell calls above 200 and even 300 before they die a slow death. I was trying to get out of my 150 put yesterday but thought maybe we’d get a small pullback in Gas today. No such luck, and now KOLD is opening 12 points lower. No more waiting… closing 150 and 140 puts today. Fortunately, ITM calls, including the 150 CALL I sold for 64.00, are coming in nicely.

#ContangoETFs

Ramie 11:17 am on Monday, December 28, 2015

DUST covered calls

Sold $DUST Jan 29 (weekly) 20 calls @ 1.25

fuzzballl 11:14 am on Monday, December 28, 2015

NUGT puts anyone?

I’m a little scared to go to the put side but the Feb 15’s are bringing about 75 cents. Awful tempting since they’d be margin free.

Whaddya think?

Option Iceman 7:53 am on Monday, December 28, 2015
Tags: ContangoETFs ( 446 ), ShortCalls ( 979 )

$BOIL #ShortCalls – sold all…

$BOIL #ShortCalls – sold all the following
BOIL Feb 19 2016 22.0 Calls @ 0.90
BOIL Mar 18 2016 24.0 Calls @ 1.00
BOIL Jun 17 2016 26.0 Calls @ 1.40

Paired with Short June Puts already on the books

#contangoetfs

Jeff 7:09 am on Monday, December 28, 2015
Tags: ContangoETFs ( 446 ), ReverseRoll ( 144 )

Stopped KOLD

#ContangoETFs #ReverseRoll
BTC $KOLD Jan 170 put for 22.60. Sold for 6.80 on 12/15
STO $KOLD May 320 calls (x3) for 9.40, highest available strike

Jeff 7:06 am on Monday, December 28, 2015
Tags: ContangoETFs ( 446 )

ZSL calls

#ContangoETFs First ZSL calls I’ve added in awhile, I haven’t been playing as much since the reverse split since so much attention has been on KOLD

STO $ZSL Jan 15th 65 calls for 1.60, adding to 70 and 72.5 calls

Option Iceman 10:00 am on Thursday, December 24, 2015
Tags: Dec24, OptionsExpiration ( 796 )

#OptionsExpiration #Dec24 Weeklys – Nice…

#OptionsExpiration #Dec24 Weeklys – Nice Christmas present for a short trading week. No assignments.

— Expired —
CMG (Weekly) Dec 24 2015 420 Puts

NUGT (Weekly) Dec 24 2015 35 Calls (Covered)
NUGT (Weekly) Dec 24 2015 36 Calls (Covered)

SVXY (Weekly) Dec 24 2015 41 Puts
SVXY (Weekly) Dec 24 2015 53 Calls (Covered)
SVXY (Weekly) Dec 24 2015 54 Calls
SVXY (Weekly) Dec 24 2015 65 Calls (Covered)
SVXY (Weekly) Dec 24 2015 66 Calls (Covered)
SVXY (Weekly) Dec 24 2015 70 Calls (Covered)
SVXY (Weekly) Dec 24 2015 71 Calls (Covered)

UVXY (Weekly) Dec 24 2015 20 Puts
UVXY (Weekly) Dec 24 2015 20.5 Puts
UVXY (Weekly) Dec 24 2015 21 Puts
UVXY (Weekly) Dec 24 2015 21.5 Puts
UVXY (Weekly) Dec 24 2015 22 Puts
UVXY (Weekly) Dec 24 2015 22.5 Puts
UVXY (Weekly) Dec 24 2015 23.5 Puts
UVXY (Weekly) Dec 24 2015 24.5 Puts
UVXY (Weekly) Dec 24 2015 43 Calls (Covered)
UVXY (Weekly) Dec 24 2015 43.5 Calls (Covered)
UVXY (Weekly) Dec 24 2015 44 Calls (Covered)
UVXY (Weekly) Dec 24 2015 44.5 Calls (Covered)
UVXY (Weekly) Dec 24 2015 45 Calls (Covered)
UVXY (Weekly) Dec 24 2015 46 Calls (Covered)
UVXY (Weekly) Dec 24 2015 55 Calls
UVXY (Weekly) Dec 24 2015 70 Calls

WYNN (Weekly) Dec 24 2015 57 Puts (Covered)

Jeff 9:46 am on Thursday, December 24, 2015
Tags: ContangoETFs ( 446 ), ReverseRoll ( 144 )

Stone KOLD rolling

#ContangoETFs #ReverseRoll
Yesterday BTC $KOLD Jan 170 put for 13.60
Today STO $KOLD Feb 240 call for 14.00

Jeff 9:23 am on Wednesday, December 23, 2015
Tags: ContangoETFs ( 446 ), ReverseRoll ( 144 )

KOLD snap?

#ContangoETFs STO $KOLD Jan 140 put for 3.10. Have several puts, but will #ReverseRoll them into calls if any of them become ATM.

Ramie 7:43 am on Wednesday, December 23, 2015

NUGT calls

Sold $NUGT Feb 19 36 call @ 2.20. Highest strike and my first position in Feb.

Jeff 6:38 am on Tuesday, December 22, 2015
Tags: ContangoETFs ( 446 ), ReverseRoll ( 144 )

Revenge is a dish best served KOLD

#ContangoETFs Nat Gas chart finally looking constructive with possible bottom in place. Dumping my only ITM put with a #ReverseRoll to higher calls. As long as we get some stabilization in gas prices, KOLD will dump.

BTC $KOLD Jan 210 put for 30.00. Sold for 21.90 on 12/15.
STO $KOLD Feb 270 calls (2) for 16.50

Kelly 12:03 pm on Monday, December 21, 2015

$DUST

STO Mar $35 calls @ $1.25

Option Iceman 11:12 am on Monday, December 21, 2015

$KOLD – this is one…

$KOLD – this is one of those instances where I should have just let them exercise the short 200 calls I had. About now I’d be getting a call from the margin department telling me that there is no stock to borrow and I would have to cover the short. Sigh!!