Sold $NUGT Oct 21 90 puts @ 5.70 as a hedge against short calls.
Category Archives: Contango ETFs
$NUGT #ShortCalls – clearing the…
$NUGT #ShortCalls – clearing the decks a bit before the split
Bought to close NUGT Jan 20 2017 100 Calls @ 60.11.
I can always reestablish bearish calls after the split.
NUGT
BTC September 16, 175 call @6.50 it was sold @30.84
Closing NUGT calls
Bought to close $NUGT Sep 16 250 call @ .65. Sold for 6.00 on 7/27.
$DUST #CoveredCalls – Sold DUST…
$DUST #CoveredCalls – Sold DUST Aug 26 2016 6.0 Calls @ 0.20
$NUGT #ShortPuts – Sold these…
$NUGT #ShortPuts – Sold these early
NUGT Aug 26 2016 109 Puts @ 0.60
NUGT Aug 26 2016 108 Puts @ 0.55
NUGT Aug 26 2016 105 Puts @ 0.40
NUGT Aug 26 2016 100 Puts @ 0.25
NUGT Aug 26 2016 95.0 Puts @ 0.20
Expirations
$UVXY 22.50 Call
$UVXY 25 Call
$NUGT 80 Put
$XME 25 Put
$FL 55 Put
$TWLO 48 Put
$SVXY 45 Put
$ETP 34 Put
$SPX 2085/2110 BUPS
$SPX 2115/2040 BUPS
$SPX 2015/2040 BUPS
CLOSED EARLY
$SPX 2185/2160 BECS @50% loss
ASSIGNED/CALLED AWAY
$HAIN 50 Put
$FEYE 17 Put
$CNX 18 Put
$OPHT 55 Put
$GG 20 Call (covered)
$SWN 15 Call (covered)
$SHAK 40 Call (covered)
$HAIN 55 Call (clobbered oops covered)
$CMCM 13 Call (covered)
$HZNP 20 Call
$MU 14.5 Call
TOTAL LOSS
$CMG 390/400 BUPS (upset stomach)
$CMG 400/405 BUPS (too much to swallow)
Options Expiration
$NUGT $80 Puts
$NUGT $85 Put
$NUGT $110 Put
$NUGT $130 Put
$NUGT $137 Put
$NUGT $175 Call
$NUGT $220 Call
$NUGT $250 Call
$SVXY $40 Puts
$SVXY $45 Puts
$UVXY $30 Calls
$UVXY $34 Calls
$UVXY $60 Calls
Have a great weekend everyone,
Kelly
NUGT
I am finally long some NUGT stock against some naked calls. Have a nice weekend to everyone.
#OptionsExpiration for Aug 19 Expiring:…
#OptionsExpiration for Aug 19
Expiring:
$AMZN 08/19/2016 730.00 puts
$CAT 08/19/2016 72.50 puts
$KMX 08/19/2016 57.50 puts
$NFLX 08/19/2016 100.00 calls
$NFLX 08/19/2016 82.00 puts
$NUGT 08/19/2016 135.00 puts
$NUGT 08/19/2016 130.00 puts
$NUGT 08/19/2016 235.00 calls
$SVXY 08/19/2016 45.00 puts
$SWKS 08/19/2016 57.50 puts
$TLT 08/19/2016 137.00 puts (covered by short stock)
$TLT 08/19/2016 145.00 calls
$WYNN 08/19/2016 95.50 puts (covered by short stock)
Assignments:
$CAT 08/19/2016 70.00 calls (going short more stock)
$SVXY 08/19/2016 60.00 calls (small portion of my large long position being called away)
August 19 expirations
IRA: covered calls on SVXY
60 calls
65 calls
45 puts
Trading account:
NUGT 120 put
NUGT 150 put will be assigned after the battle of Stalingrad
SVXY PUTS: 30,31,32,33,34,35,36,37,38,39,40,45,50,55, which will free up a lot of margin now that Fidelity is at 100% margin on these VIX levered products.
$DUST #ShortCalls #Speculation – Sold…
$DUST #ShortCalls #Speculation – Sold DUST Aug 26 2016 5.5 Calls @ 0.30. Pure speculation and cheaper than shorting NUGT Puts.
If DUST stays in the current trading range, these should expire next Friday or will be cheap to cover
Market
These summer Fridays are boring. My only option assignment that may happen is my short put on NUGT at the 150 strike. The open interest is only 30 contracts but there is a mighty battle going on into the close at 150.
$NUGT
With as weak as $NUGT has been this week, decided to add some short calls for next week.
STO Aug 26 $190 calls @ $0.75
NUGT…amazing
Oct monthly 70/260 strangle going for 8.20…wow. That’s the high and low strikes.
NUGT roll
Rolled Aug 26 170 call down to 160 for 3.00 credit (now 160/160 straddle @ 18.15) One of these will go away then we roll and adjust
Rolled Sep 2 175 call down to 160 for 4.50 credit (now 160/170 inverted @ 36.70) Should be a lot of maneuvering room with this one…
$NUGT STO Aug29 $165C for…
$NUGT STO Aug29 $165C for $8 covered by stock bought at $163
Also STO Sep09 $175C for $10.90 covered by $175 stock. Stock price is mid-range so maybe goes up and wish I waited to sell or maybe down and BTC for profit.
$NUGT
I spent most of my day with no market access but did get to make a few trades. My timing wasn’t great on these so premium not as good as it could have been, just had to make trades when I could.
STO Aug 19 $130/$175 strangle @ $1.60
STO Aug 19 $137 put @ $1.00
STO Aug 26 $110 put @ $1.05
WMT several WalMart earnings trades…
WMT several WalMart earnings trades over at TT, trying to get filled on an Aug. 26 70/75 strangle
NUGT inversion roll
Position was 180/155 inverted @ 28.70 for this Friday. Using the wild swing today and rolling out 2 weeks and actually getting un-inverted…(is that a word? LOL!)
Closed call side earlier on the selloff and re-sold out in Sep 2nd expiration on the bounce.
Sold NUGT SEP 2 2016 175.0 Call @ 7.00
Rolled 180 put to Sep 2 2016 170 put @ even.
All factored in the new position is now a normal 170/175 strangle for a nice 32.20 premium captured so far. I’ll wait and look to adjust later on. A single strangle next week also that I’ll look to roll out 2 weeks when (if) the time comes. Seems to be working nicely on the staggered 2 week roll schedule.
NUGT…back in on the call side
Not counting the scalp on the calls this morning…I’ll book those.
Sold NUGT AUG 26 2016 170.0 Call @ 5.00
Paired with 160 put for 15.15 total premium on the strangle…
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT Aug19 2016 175 Calls @ 1.05
My short Puts from 137 down to 130 are looking better now.
$NUGT
Check last few bars on one minute chart!
$NUGT
BTO August 19 145 calls @7.5
NUGT getting perky?
First multiple time frame buy signal of the day…
NUGT put
#ContangoETFs STO $NUGT Sept 9th 120 put for 5.90
$GLD $NUGT
Amazing, $GLD damn near flat on the day doing nothing, yet the miners are getting crushed. In the past when we’ve seen this, $NUGT corrects back to match what is happening with gold. Maybe this time Gold catches up (or down in this case) to the miners. Was in meetings most of morning so just now getting to open some trades. Have order in for Aug 19 $130/$175 strangles.
NUGT calls
KInda risky but taking advantage of the drop to close some calls sides of strangles. I’ll re-sell ’em at some point but this is too nice a selloff not to do something…
Bought to Close NUGT AUG 19 2016 155.0 Call @ 3.50 (I’ll re-sell it out in Sep when I roll inverted put side)
Bought to Close NUGT AUG 26 2016 180.0 Call @ 2.75 (sold yesterday for 6.40)
$NUGT #ShortPuts #Rollup – Bought…
$NUGT #ShortPuts #Rollup – Bought to close 1 NUGT Aug 19 2016 70.0 Call @ 0.01 /Sold 1 NUGT Aug 19 2016 130.0 Put @ 1.11 For a 1.10 credit.
Also sold 2 NUGT Aug 19 2016 175 Calls @ 0.80.
All these should expire Friday
NUGT….gotta love this thing!
Any chance it closes flat on the day? Dan at OMM says ain’t no way, not even a possibility rates get raised. Gonna be fun to watch!
NUGT
STO December 90 put @12.10
$NUGT #ShortPuts – Adding on…
$NUGT #ShortPuts – Adding on to my earlier play
Sold 1 NUGT AUG 19 2016 135.0 Put @ 1.10 with the stock at 151.27
Sold 1 NUGT AUG 19 2016 134.0 Put @ 1.10 with the stock at 149.72
Sold 1 NUGT AUG 19 2016 133.0 Put @ 1.10 with the stock at 148.19
Done for now. I still have some 130 calls that need to be dealt with this week.
Closing some NUGT puts
Took this week’s 140 put hedge off for about 50% max profit with NUGT in freefall.
Bought to close $NUGT 8/19 140 puts @ 1.60. Sold for 3.36 on 8/9.
$NUGT #ShortPuts – Had some…
$NUGT #ShortPuts – Had some cash to play with in an IRA
Sold 1 NUGT AUG 19 2016 136.0 Put @ 1.10 with the stock at 151.69
Sold 1 NUGT AUG 19 2016 137.0 Put @ 1.30 with the stock at 151.77
I expect these to expire Friday
$NUGT legged in to BeCS…
$NUGT legged in to BeCS Aug 19 170/180 today for $2,20, 2.40 credits. What a mover, may be able to close today for partial profit.
NUGT inversion for this week
180/155 inverted strangle for Friday…There’s only about 4 dollars of premium left in it. Wondering how far to push my luck before (or if) rolling. Since both sides are in the money I may do something a little sooner. These would be perfect for someone to hit me with an early exercise. On the bright side the entire position is sitting at breakeven.
Looking back this thing started out around 80/120. Rolled both sides up for awhile staying fairly even each roll. Finally got to the point where premium couldn’t keep up with roll cost and had to invert. So far so good. I’m gonna be stubborn and keep the trade going and try to “un-invert” it eventually…LOL
EDIT…the advantages of staying small allows this in an account my size. Thanks to TT for beating that into my head over and over!
NUGT…next week again
Little bounce there and needing some short deltas…gets all the strangles balanced again.
Sold NUGT AUG 26 2016 180.0 Call @ 6.40
$NUGT – all over the…
$NUGT – all over the map today. Up 12 in the premarket and now down 2
NUGT…next week
Sold NUGT AUG 26 2016 190.0 Call @ 6.00
Paired with 160 put…position is now 160/190 strangle @ 12.50.
A little narrower than I would like but the put side was a reverse roll from last week. Debating whether to leave it by itself but decided what the neck…pair it up and see what happens.
Closing NUGT strangle
Bought to close $NUGT Aug 19 142/210 strangles @ 1.50. Sold for 4.00 on 8/11. Executing my plan of taking the trade off at 50% of max profit or better.
Expired
$NUGT 85 puts
$NUGT 200 Calls
Closed 8/19 Spreads Early
$BABA 80/85 BUCS @ 97% profit
$BABA 80/85 BUPS @ 99% profit
$SPX 2015/2040 BUPS @ 91% profit
Thanks to all for your sharing.
Restful weekend.
#optionsexpiration
#OptionsExpiration #Weeklys #Aug12 – another…
#OptionsExpiration #Weeklys #Aug12 – another week another new high for the market, $SVXY and $NUGT.
I finally decided to let go of part of an overly large position in SVXY in some retirement accounts. These had been rolled up several times but the additional premium just wasn’t there today. But, cash is good!!!
— Expired —
CHK (Weekly) Aug 12 2016 6 Calls (Covered)
KORS (Weekly) Aug 12 2016 43 Puts
NUGT (Weekly) Aug 12 2016 205 Calls
NUGT (Weekly) Aug 12 2016 80 Puts
SVXY (Weekly) Aug 12 2016 50 Puts
SVXY (Weekly) Aug 12 2016 70 Puts
UVXY (Weekly) Aug 12 2016 24 Calls (Covered)
UVXY (Weekly) Aug 12 2016 25.5 Calls (Covered)
UVXY (Weekly) Aug 12 2016 26 Calls (Covered)
UVXY (Weekly) Aug 12 2016 26.5 Calls (Covered)
UVXY (Weekly) Aug 12 2016 27 Calls (Covered)
UVXY (Weekly) Aug 12 2016 28 Calls
UVXY (Weekly) Aug 12 2016 58 Calls
UVXY 20/(Weekly) Aug 12 2016 12 Calls
UVXY 20/(Weekly) Aug 12 2016 18 Calls
— Assignments —
SVXY (Weekly) Aug 12 2016 58.5 Calls (Covered/IRA Account)
SVXY (Weekly) Aug 12 2016 60 Calls (Covered/IRA Account)
SVXY (Weekly) Aug 12 2016 64 Calls (Covered/IRA Account)
SVXY (Weekly) Aug 12 2016 65 Calls (Covered/IRA Account)
SVXY (Weekly) Aug 12 2016 66 Calls (Covered/IRA Account)
Options Expirations
$NUGT $85 puts
$NUGT $120 put
$NUGT $210 call
$NUGT $220 call
$NUGT $230 call
$SVXY $52 puts
$UVXY $25 calls
Nicely profitable week where no positions ever got challenged. Love it when that happens.
#optionsexpiration
Expirations for August 12
NUGT 155 put
SVXY
40 puts
45 puts
50 puts
55 puts
60 puts
#optionsexpiration
$NUGT BTC Aug 12 $175…
$NUGT BTC Aug 12 $175 call for 0.10 before noon, sold early morn today for $4.50
NUGT
STO August 19, 150 put @3.40
$NUGT #ShortPuts – with a…
$NUGT #ShortPuts – with a week to go I rolled up some short puts for a little more premium.
Bought to Close NUGT Aug 19 2016 85.0 Puts @ 0.04
Sold NUGT Aug 19 2016 135.0 Puts @ 1.19.
$NUGT – was assigned early…
$NUGT – was assigned early on an Aug 12th ITM call. Just closed the short stock at 165.
I was a bit worried when the pre-market high of 182.37 showed up on my chart.
NUGT put rollup
Rolled $NUGT Aug 19 135 puts up and out to Aug 26 140 puts for 2.91 credit. I’m continuing to bring in premium against my Aug 19 in the money short 130 calls.
NUGT
BTC September 16, 50 put @0.10, sold @1.15
$NUGT
STO $NUGT Sep 2 $260 Call @ $2.50
$NUGT BTC Aug 12 $175…
$NUGT BTC Aug 12 $175 call for $2.50, sold earlier today $4.50, I know coulda, woulda, shoulda waited for better price. I made a decent profit, eh.
NUGT inversion experiment update
What started out as a strangle with the short call getting killed this thing still has a chance. Went further inverted today. Position was next week’s 165/155 inverted strangle @ 21.70 credit. Rolled the 165 put up to 180 put for another 7.00 credit.
Position is now 180/155 inverted @ 28.70. As long as the credit received is more than the inverted width it will make money. Goal is to still have the stock price be inside the strangle at expiration. Pay the width of the strangle for the position to go away and keep the difference. If nothing else it has a lot better chance than if I would’ve let the original 100 put (or whatever it was…don’t remeber) just sit there.
$NUGT
STO $NUGT Aug 26 $250 calls @ $1.50
STO $NUGT Aug 26 $120 put @ $1.25
STO $NUGT Sep 2 $110 put @ $1.50
STO $NUGT Sep 2 $120 put @ $2.50
I will see how high $NUGT wants to go on this run before I look to sell Sep 2 Calls to pair off the puts.
NUGT…this week’s strangle
Was sitting on a 155/170 strangle for this week. 155 put almost worthless so reverse rolling the 170 call out 2 weeks to the put side.
Bought NUGT AUG 12 2016 170.0 Call @ 9.75
Sold NUGT AUG 26 2016 160.0 Put @ 9.15
Paid .60 debit but that’s ok…I’ll look to sell the call side at some point…or maybe not at all and just reduce my size a little.
NUGT strangle
Sold $NUGT Aug 19 142/210 strangles @ 4.00
$NUGT BTC Aug 12 $180P…
$NUGT BTC Aug 12 $180P for $6.10, sold last Thursday for $18.20
$NUGT
STO Aug 19 $220 call @ $1.20
NUGT
STO September 16, 175 puts @25.98
NUGT
BTC August 26, 80 put @0.10, sold for 2.05 on 1 contract. no brokerage.
NUGT
STO October 21, 120 put @13.10
Still trying to get long against my short call positions.
NUGT hedge
Sold $NUGT Sep 2 120 puts (delta 10) @ 3.10. This is additional hedging against my large short call position in September.
$NUGT BTC Aug 19 $170…
$NUGT BTC Aug 19 $170 $12.50, sold 30 minutes earlier for $14.50
Another NUGT put rollup
Rolled $NUGT Aug 26 110 puts up to 135 puts for 2.51 credit.
NUGT call closed
#ContangoETFs BTC NUGT Aug 19th 200 call for 1.95 to free up margin. Sold for 16.20 on July 1st.
NUGT rollup
Rolled $NUGT Aug 19 125 puts up to 140 puts for 2.10 credit. Went from 7 delta to 18 delta.
Closing this week’s NUGT
Decided to close these positions at a profit and release the buying power. I have plenty of exposure to this ticker so I don’t need to bleed this week’s theta.
Bought to close $NUGT Aug 12 200 calls @ .35 (sold for 1.50 on 7/26)
Bought to close $NUGT Aug 12 155 puts @ 4.10 (sold for 6.30 on 8/2)
NUGT…back on track
Sold NUGT AUG 12 2016 170.0 Call @ 3.00
Paired with this week’s 155 put. Back in the routine now…selling a fairly aggressive strangle in this week and next week. That allows a 2 week rollout of the current week if needed and still collecting big theta while only requiring small margin.
Options Expiration
Expired
$SPX 2105/2130 BUPS
$NUGT 150 Call
Expired/Assigned
$PCLN 1305/1355/1355/1405 Iron Condor
Assigned
$MGM 23.5 Call (Covered)
Closed Early (Feeling the Heat)
$SPX 8/12 2225/2200 BECS @ 56% Profit (Lower margin pressure)
$SPX 8/19 2260/2235 BECS @ 68% Profit (Lower margin pressure)
$FB 135/130 BECS @ 85% Profit
$BABA 80/85 BUPS @ 28% (Lowering position size)
Options Expiration 8/5/16
#OptionsExpiration
–Expiring–
$NUGT 120 put
$SPX 2145/2120 put spreads
$SPX 2125/2100 put spreads
Also, at the close, STO NUGT Sept 2nd 105 put for 3.10.
Options Expiration
$NUGT $90 puts
$NUGT $100 put
$NUGT $110 put
$NUGT $200 calls
$NUGT $205 calls
$SVXY $42 puts
$SVXY $45 puts
$SVXY $50 puts
$UVXY $31.5 calls
$UVXY $34 calls
My overall $NUGT exposure keeps dropping every week. Not the right time to be selling many puts or calls so just keep having more positions expire than new positions being opened. Premium in way OOTM options isn’t that great right now and the margin requirements are huge on this thing. Would much rather trade $UVXY and $SVXY when the opportunities arise. #OptionsExpiration
$SVXY $FEYE
Well its been an odd week with a few miss steps along the way. On Monday we are moving our daughter to Tallahassee to start Grad school at FSU. So things are shall we say distracting. I did roll out and up my $SVXY Aug 5th 65 Calls to Aug 26th 67 Calls for 0.65 credit. Thanks Option Iceman for the reminder. I didn’t get my Aug 19th 16 Put closed on $FEYE before earnings. My Bad. I will roll it as need be. So I have no expiries to report this Friday. Have a great weekend all.
$NUGT
STO Aug 26 $100 put @ $1.65
Only trade I’ve made today.
$NUGT
Seems to want to stabilize around $155, but Gold is still steadily dropping, I suspect at some point here $NUGT will take another leg down.
$NUGT #ShortCalls – getting out…
$NUGT #ShortCalls – getting out ahead of the spilt
Bought to close 1 NUGT JAN 20 2017 105.0 Call @ 70.00
Bought to close 1 NUGT SEP 16 2016 185.0 Call @ 14.80 – may have made a few pennies profit on this one
Options Bistro 