Doesn’t seem a lot different than Jeff’s…nice article
http://realmoney.thestreet.com/articles/04/22/2016/trading-income-make-money-non-directional-trading
Category Archives: SPX Campaign
SPX puts sold
#SPXcampaign Sold to Open $SPX May 27th 1940//1915 put spreads for 1.30, with SPX at 2083.
$SPX May 13 2165/2155/1930/1920 IC closed for profit.
Originally STO for 1.40 on 4/4.
BTC for 0.65 for 53% max profit.
$SPX Apr 29 2140/2130/2010/2000 IC — closed
Originally STO for 1.35 on 4/15.
BTC at 0.55 for 59% of max profit.
Options Expiration Full Profit
$NUGT $72P/$96C
$NUGT $70P
$SPXW $1900/$1925 BUPS
$SVXY $40P
$ETE $9P
Bought Back Early for $.20
$NUGT 4/22 $80P (sold for $1.25)
Total Loss
$NFLX $98/$104 BUCS
#OptionsExpiration for 4/22 $NUGT 04/22/2016…
#OptionsExpiration for 4/22
$NUGT 04/22/2016 95 calls
$NUGT 04/22/2016 105 calls
$NUGT 04/22/2016 65 puts
$UA 04/22/2016 40 puts
$WYNN 04/22/2016 86.50 puts (covered by short stock)
$TSLA 04/22/2016 275 calls
$SPX 04/22/2016 2125/2150 BeCS
No assignments this week.
Have a great weekend everyone.
Options Expiration 4/22/16
— Expiring w/max profit —
$FB 109 covered put
$FB 110 covered put (closed for .04 before close)
$NUGT 70 & 81 puts
$NUGT 82 calls
–Expiring w/losses —
$SPX 2090/2100/2110 iron butterfly (see post below)
$GOOGL 820/840/860 call butterfly
$JNJ 108/110/112 iron butterfly
Have a great weekend!
SPY & SPX iron butterflies
BTC $SPY 210 puts for 1.00, filled right at the bell, to avoid assignment. Sold at 209/210/211 iron butterfly on Wednesday for .79, so .21 loss.
For $SPX 2090/2100/2110 IB, allowing to be exercised. Based on close price of about 2091.60, loss would be 1.40, so less than max loss of 2.00. Sold on Wednesday for 8.00.
SPX puts sold
#SPXcampaign Sold to Open $SPX May 19th 1960/1935 put spreads for 1.35, with SPX at 2083.
SPX calls stopped
#SPXcampaign Six minutes after close, bought to close $SPX May 19th 2125/2150 call spreads for 6.00. Sold for 3.50 on March 16th as a roll. This is one of three spreads I have at 2125. Stopping since we breached my 20-pt stop at 2105. Will wait the others out… I believe the upside momentum will slow a lot now that we are near the November high of 2116.
SPX Call Spread Story
Yesterday:
When market peakeded my original 10 delta call went to 45 Delta and risk was high
SPX AprWk4 2110/2130 Call spread originally sold for $1.00 bought back @ $3.50 with the loss $2.50
To compensate the loss, increased the contract size and sold in bit safer spots
Adjustment 1: Sold 20 delta call spread SPX AprWk4 2120/2140 for $1.75 AND
Adjustment 2: Sold 10 delta call spread SPX AprWk4 2125/2145 for $1.00
Today:
When market was down 2090 Bought back both total of 25 cents.
At the end, No Loss/No Gain… (broker is happy with the transactions)
SPX Put Spread Sold
SPX May16 1960 / 1940 Put @2091 for $1.00
Converted into IronCondor.
SPX Quick Tech Analysis
SPX Range
10 Day EMA 2080 (EMA – Exponential Moving Average)
20 Day EMA 2065
50 Day EMA 2027
200 Days SMA 2011 (SMA – Simple Moving Average)
100 Days SMA 1999
Yesterday touched Bollinger Top Band when SPX @2109 and slowly reversing
Stock, RSI and MACD – all showing very overbought.
SPX puts sold
#SPXcampaign Sold to Open $SPX May 13th 2050/2025 put spreads for 3.50. Aggressive trade as a roll from stopped call spreads.
$SPX: What do we do…
$SPX: What do we do in a market like this?
Add more short delta!
Sold to open $SPX Jun 3 2195/2220 call spreads @ 1.30. Short strike is just inside 1 standard deviation (=2199).
SPX puts closed
#SPXcampaign Bought to close $SPX May 13th 1890/1865 put spreads for .20. Sold for 1.40 on April 11th.
SPX puts sold
#SPXcampaign Sold to Open May 19th 1975/1950 put spreads for 1.25.
SPX puts sold
#SPXcampaign Sold to Open $SPX Apr 29th 2025/2000 put spreads for 1.30.
question for Jeff or anyone…
question for Jeff or anyone – I have a May5 2125/2150 call. It is being tested. With that much time left on option, do you get out now or wait for down day? Thanks, Jeff
SPX puts closed
#SPXcampaign In pre-market, Bought to close May 6th 1915/1890 put spreads for .20. Sold for 1.30 on April 7th. And bought to close May 6th 1925/1900 put spreads for .20. Sold for 1.25 on April 4th.
SPX calls sold
#SPXcampaign Sold to Open $SPX May 19th 2160/2185 call spreads for 1.75.
SPX IC
STO Apr 29 2140/2130/2010/2000 for 1.35
SPX puts closed, calls sold
#SPXcampaign – missed my fill on new put spreads on the drop. Now I’m playing the other side.
Bought to close $SPX Apr 22nd 2000/1975 put spreads for .20. Sold for 1.60 last Tuesday.
Sold to Open $SPX May 6th 2140/2165 call spreads for 1.25.
SPX calls closed
#SPXcampaign In Pre-market, bought to close April 20th (Wednesday) 2110/2135 call spreads for .20. Sold on Apr 6th for 1.30.
Options Expiration 4/15/16
#optionsexpiration
Expiring:
SPX 2000/1975 put spreads
NOW 65 covered call
NUGT 45 put
Assignments:
NOW 55 covered call, stock called away
DAL 47 (long) call, assigned stock
Have a great weekend, all!
SPX IC closed
BTC Apr 22 2130/2120/1960/1950 IC for 0.50. Originally sold for 1.10.
Staying with my discipline of closing these at around 50% max profit.
SPX at Resistance.
SPX is hitting strong resistance at 2080ish. Yesterday’s high of 2087.84 happens to be the 100% extension of two previous up moves….Next Resistance is at 2098-2101 level.
Main Support is at 2000 and at 1980-82
SPX call stop-out
#SPXcampaign On the spike down this morning, Bought to close $SPX Apr 22 2100/2125 call spreads for 3.00. Sold for 2.50 on March 24th. Only a small loss, but since my 2080 stop level has been hit, need to clear the way for the freight train going north. A slow train can kill you as much as a fast one if you’re just lying on the tracks… might even be worse; a slow painful crushing rather than a quick death.
SPX puts sold
#SPXcampaign Sold to Open $SPX May 6th 2025/2000 put spreads for 3.10. A #ReverseRoll to partially replaced call spread stopped this morning.
Sold to Open $SPX May 13th 1960/1935 put spreads for 1.35, with SPX at 2080.
SPX trades
#SPXcampaign Yesterday, Sold to Open June 16th 1900/1875 put spreads for 2.00. I realized I sold a call spread weeks ago (2175/2200) in this expiry so a put spread would be margin free.
In today’s pre-market, Bought to close $SPX May 6th 2100/2125 call spread for 8.00. Sold for 5.00 on April 3rd (as a roll). Will look at add more rolls soon.
SPX puts closed
#SPXcampaign In pre-market, bought to close $SPX Apr 29th 1910/1885 put spreads for .20. Sold for 1.40 on March 22.
$SPX iron condor
STO May 20 2170/2160/1920/1910 for 1.25.
SPX calls sold
#SPXcampaign Sold to open $SPX May 13th 2125/2150 for 1.25, with SPX at 2078. Is there no limit to this rally? New 2016 highs reached today.
SPX puts closed
#SPXcampaign Bought to close $SPX Apr 20th (Wednesday) 1980/1955 put spreads for .20. Sold for 1.90 on April 5th.
SPX puts closed
#SPXcampaign In pre-market, Bought to Close $SPX Apr 29th 1880/1855 put spreads for .20. Sold for 1.35 on Mar 29th.
SPX puts sold
#SPXcampaign Sold to Open $SPX Apr 22nd 2000/1975 put spreads for 1.60. This is an extra spread since my first two spreads for this expiry were previously closed with profits.
SPX Call Sold
SPX May16 2150 / 2170 Call for $1.00 when SPX @ 2059
VIX Indicator… Jeff would appreciate…
VIX Indicator… Jeff would appreciate if you would explain how the Tuesday levels are 19.20 and 19.50 as I thought it was 25% above previous days close.
SPX puts closed
#SPXcampaign – missed this fill from the first hour of trading: Bought to close $SPX Apr 22nd 1910/1885 put spreads for .20. Sold for 1.40 on Mar 22nd.
SPX puts sold
#SPXcampaign Sold to Open $SPX May 13th 1890/1865 put spreads for 1.40. Sold calls at the open and puts at the close.
SPX Call Sold
SPX puts closed, calls sold
#SPXcampaign Bought to close $SPX Apr 14th 2000/1975 puts for .75. Sold for 5.00 on March 23 (as a roll) Closed the roll portion, but still have some of these that were sold for 1.55. Will probably allow to expire or close for .20.
Sold to Open May 13th 2135/2160 call spreads for 1.30.
Options Expiration (Back in the…
Options Expiration (Back in the fray at reduced risk and hopefully some lessons learned)
$UVXY $22 C (covered)
$NFLX $105/110 BUPS
$SPX $2115/2010 BECS
$SPX $1925/1950 BUPS
$NUGT $66 P
Closed Early
$KOLD 5/20 $320 C Bought back @ $2 (Sold for $8.8)
$RLYP 4/15 $16 P Bought back @ $.1 (Sold for $$2)
Assigned
$NUGT $65 C
SPX calls closed
#SPXcampaign Bought to close $SPX Apr 14th 2110/2135 call spreads for .20. Sold for 1.25 on March 16th.
SPX Call Spread Closed
BTC SPX Apr16 2100/2120 Call Bought for $0.50 when SPX @ 2045 originally sold for $1.05 on 3/28 @ 50% profit
SPX puts sold
#SPXcampaign Sold to Open $SPX May 6th 1915/1890 put spreads for 1.30, with SPX at 2053. Second put spread for this expiry, completing the normal campaign allotment.
$SPX
$SPX
I picked up an Indy film shoot this morning that will cover mid to the end of April. So I decided to close out the $SPX spreads to take the risk off. I may close other positions as warranted later.
Closed the April 15th 2100/2120 BeCS @ 1.50, a 0.40 loss.
Closed the April 22nd 2120/2140 BeCS @ 0.90, a 0.05 gain
SPX puts closed
#SPXcampaign Bought to close $SPX Apr 8th 2015/1980 put spreads for .20. Sold for 1.75 last Thursday. Under threat yesterday, these drained out of premium today and closed.
SPX Call Spread
SPX calls sold
#SPXcampaign Sold to Open $SPX Apr 20th 2110/2135 call spreads for 1.30. These offset the put spread I sold for this Wednesday expiration.
SPX call roll
#SPXcampaign Sold to open $SPX May 6th 2100/2125 call spreads for 5.00. This is a more aggressive position as a roll from previous stopped call spreads. Stop will be if SPX hits 2080.
SPX iron condor
Didn’t have anything for Apr 22, so STO SPX Apr 22 2130/2120/1960/1950 for 1.10.
SPX calls sold
#SPXcampaign Sold to Open $SPX May 6th 2130/2155 call spreads for 1.55, with SPX at 2048.
SPX put-roll sold
#SPXcampaign Sold to Open $SPX April 20th 1980/1955 put spreads for 1.90. These are extra juice to make up for stopped calls. These are Wednesday Weeklys so less liquid than usual.
SPX calls stopped
#SPXcampaign Bought to close $SPX April 14th 2090/2115 call spreads for 4.00. Sold for 2.05 on 3/29. The freight train up has continued so having to stop out of this one since we have broken above the 20-point OTM mark (2070).
SPX puts sold
#SPXcampaign Filled at the low of the day (about 11:15 et), sold to open $SPX May 6th 1925/1900 put spreads for 1.25.
SPX iron condor
STO May 13 2165/2155/1930/1920 for 1.40
SPX puts closed
#SPXcampaign Bought to close $SPX Apr 22nd 1875/1850 put spreads for .20. Sold for 1.30 on 3/24.
SPX calls sold
#SPXcampaign Sold to Open $SPX Apr 29th 2135/2160 call spreads for 1.35, with SPX at 2068.
SPX puts closed
#SPXcampaign Bought to close $SPX April 14th 1925/1900 put spreads for .20. Sold for 1.30 on March 18th.
SPX day trade closed
#SPXcampaign Bought to close $SPX Apr 1st 2040 put for .20. Sold this morning as part of 2040/2020 put spread for 2.20.
SPX day trade
#SPXcampaign Sold to Open $SPX Apr 1st 2040/2020 put spreads for 2.20. TICKs looking stronger, so taking a shot that we are not collapsing today. We’ve been down .7% and I doubt we’ll exceed that. Breakeven at close would be 2037.80.
SPX puts sold
#SPXcampaign Sold to Open $SPX Apr 29th 1910/1885 put spreads for 1.30, with SPX at 2044.
SPX calls closed
#SPXcampaign Bought to close $SPX Apr 8th 2090/2115 call spreads for 1.75. Sold for 1.25 on March 9th. Sticking to my rules this time and closing this since we came within 20 points of the short strike.
SPX puts sold
#SPXcampaign Sold to Open $SPX Apr 8th 2015/1990 put spreads for 1.75. Somewhat aggressive but continuing with bullish sentiment on this minor pullback.
SPX calls closed
#SPXcampaign Bought to close $SPX April 1st 2075 calls for 2.25. Sold as part of 2075/2100 call spreads for 1.25 on Tuesday. Can’t risk a blast higher on tomorrow’s jobs report. Will try to sell the long 2100’s for a dime or more if we get strength.
Thinking of doing this trade…
Thinking of doing this trade for APR2 SPX 1985/1965 for .40cr. Please let me know your thoughts?
SPX puts sold
#SPXcampaign Sold to open $SPX April 14th (monthly) 2000/1975 put spreads for 1.55. Adding more to this spread, originally sold some for 5.00 last week.
SPX call spreads
Added again…
Sold SPX JUN 30 2016 2200/2225 Bear call spreads @ 1.75
If these get in trouble I’m taking 2 weeks off and going to Mexico. I’ll sit on the beach and drink a lot of tequila and get “XIV 50” tattooed on my ass! 🙂 🙂
SPX calls stopped
#SPXcampaign Bought to close $SPX April 1st 2070/2095 call spreads for 4.75. Sold for 1.35 on March 1st. Failed to follow my own rules and close this for cheap when I could have. But at least I avoided the panic today when it got above 7.50. Adding to a long list of rolls I’m chipping away at.
SPX call spreads
Added this morning…
Sold SPX JUL 29 2016 2225/2250 Bear call spreads @ 2.10
$SPX
All thanks for the comments. I sat on my hands and let the initial angst fade away. I shall trade my plan but I lowered my roll alert down to 2080 per Jeff’s comment. Bobbie, what method do you use to calculate an expected move as I have seen a few different approaches. Ramie, I agree 2100 is resistance, at least in the short term and the three day rule may bring us some relief. Thanks again.
SPX call spread in 4/29
Sold $SPX Apr 29 2140/2165 BeCS @ 1.30
#SPXCampaign
$SPX
Morning. Baring my soul. I have the SPX April 15th 2100/2120 BeCS. Sold at 1.20 a day late. Obviously underwater. I probably should have closed it yesterday at the 50% loss mark. I set an alert at 2090 to prod me into a roll which is my plan. I am wondering if closing it or rolling if for 2X as much now is the prudent thing to do? My experience with negative spreads is I get very anxious and make emotional decisions. My big bane which I am working on this year. I know window dressing will continue for another day and there may be dumping come Friday. I know Yellen has sparked a rally but is it enough to push the SPX to 2100 in 2 weeks. Comments welcomed.
SPX puts closed
#SPXcampaign In pre-market, bought to close $SPX April 8th 1950/1925 put spreads for .20. Sold for 1.30 on 3/23.
Options Bistro 