Adding slowly. I have a big long position that I will cover incrementally if we continue up.
Sold $SVXY Jun 17 65 call @ 1.40.
Category Archives: VXXGame
$VXX
BTC Apr 15 $51 calls @ $0.05, sold for $1.40
$VXX
BTC Mar 18 $40 calls @ $.04, sold for $1.40
UVXY call spreads
Crazy week here away from the market but enjoying the volatility collapse!
Bought to Close UVXY MAR 4 2016 50/60 Bear call spreads @ .05 (sold for 1.20)
This was in an #IRA so frees up quite a bit of margin. Thinking about possibly using the extra margin to close the long side of some 35/32 bull put spreads. This would accomplish a couple things. The 35’s would then be much easier to roll out and down if needed and allow me to book a nice profit on the longs (a 3 bagger). Downside is UVXY could continue tanking but since I was gonna roll the spread anyway think I’ll book the long side.
$UVXY
STO Apr 1 $23 puts @ $0.50
Covered Calls on SVXY
It’s about time we can sell some calls on this.
Sold $SVXY Jun 17 53.00 call @ 1.30
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
UVXY mgt
#VXXGame #Rolling First time I’m having to roll ATM short puts in about a year.
BTC UVXY March 4th 35 puts for 1.70.
BTC UVXY March 11th 35 puts for 2.84
Replaced all of the above with enough contracts of the following to net a credit…
STO UVXY April 15th 24/75 strangles for 2.52
Also:
BTC UVXY March 11th 75 calls for .07. Sold for .55 on Feb 23rd
BTC UVXY March 18th 80 call for .22. Sold for 4.40 on Dec 3rd
UVXY scalp
#VXXGame STO $UVXY March 4th 50 calls for .47
NOTE: UVXY and SVXY options are tradeable until 4:15et each day, so you can still sell these.
SOME TRADES:
$UVXY STC 3/11/16 75.0 CALLS @.17
$ETE STO 3/11/16 7.50 CALLS @.30 Offsets some short puts.
$ETE STO 3/18/16 8.0 CALLS @.40
$ETE STO 3/18/16 6.0 PUTS @.35
#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.
#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
$UVXY Closed a March 18…
$UVXY Closed a March 18 65/75 BeCS sold Jan. 21 for 1.20, closed for .30, made .90
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
UVXY nibbles
#VXXGame STO $UVXY Feb 26th 60 call for .30
STO UVXY Feb 26th 58 calls for .35
STO UVXY March 4th 70 calls for .63
#VXXGame trades at the close…
#VXXGame trades at the close
I put on the following trades at the highest strikes in expirations where I didn’t yet have any positions.
Sold $UVXY Apr 15 90 call @ 2.20
Sold $UVXY Apr 1 (weekly) 115 calls @ .70
$UVXY Yesterday I sold a…
$UVXY Yesterday I sold a feb. 26, 36/30 BuPS for .94, with today’s run up I bought back the 36 for .38 for a 1 day gain of .56
$SPY #ironcondor STO April 15 178/174/203/207 for 1.04
An open question on the UVXY trades.
The UVXY is the Pro-Shares Ultra VIX Short Term Futures ETF…so when the IV goes up it goes up.
So now that the market is going down, and VIX is goin up then the UVXY is moving higher.
But I see you guys selling BeCS on the UVXY.
Could some one tell me please why?
What is the reason for selling BeCS now when by waiting you may get a better price?
I’ve never traded this and would like to understand the reason for your trades.
Thanks,
TRADES:
KMI BTC 3/4/16 18.0 CALLS @.51 STO @.54
UVXY 3/11/16 55/75 BeCS @.98 Don’t usually do these, but wanted the experience. Pay to learn. Followed @fuzzballl? ;>) Thanks kid.
UVXY call spreads
Selling these against a chunk of 35 puts in same expiration…
Sold UVXY MAR 11 2016 55/75 Bear call spreads @ 1.10
and…turning this into a full position:
Sold UVXY JUN 17 2016 80/100 Bear call spreads @ 1.50 (sold as high as 3.00 a few days ago)
UVXY mgt
#VXXGame Closed down some winners so I could start new positions:
BTC UVXY March 18th 110 calls for .47. Sold for 2.90 in early Feb
BTC UVXY March 18th 120 call for .38. Sold for 2.60 on Jan 25th
BTC UVXY March 11th 90 call for .28. Sold for 2.50 on Feb 5th
and starting…
STO UVXY March 11th 75 calls for .55
$UVXY following vxxkelly in my…
$UVXY following vxxkelly in my spread way STO April 15 BuPS 24/18 for .92
Sold to openSVXY, April 15, 30 put @1.50, I am replacing covered calls that I was assigned on.
$UVXY
STO Apr 15 $23 puts @ $1.10
STO UVXY MAR4 16 (3/26/2016)…
STO UVXY MAR4 16 (3/26/2016) CALL @.60
STO UVXY MAR4 16 (3/26/2016)…
STO UVXY MAR4 16 (3/26/2016) 105 CALL @.57
SVXY
Busy all day today…did manage to sell some covered calls in the #IRA ….
Sold SVXY MAR 18 2016 40.0 Calls @ 1.50
$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.
UVXY roll
#VXXGame I have a put spread in a smaller account, so before it gets ATM I wanted to roll, since spreads are harder to roll than naked:
BTC $UVXY March 18th 35/33 put spread for 1.05. Sold for .52 on Feb 12th
STO UVXY April 1st 30/28 put spread for .77.
Plan to make it an iron condor once we get some upside.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Apr 15 2016 50.0 Calls @ 0.45. Newest monthly cycle started today.
$UVXY #ShortPuts – Sold UVXY…
$UVXY #ShortPuts – Sold UVXY MAR 24 2016 23.0 Puts @ 0.27.
The golden volatility cross
We’re here again. SVXY is back higher than UVXY.
And the futures are in contango for the first time in quite a while: vixcentral.com
$SVXY #CoveredCalls #VXXGame -adding to…
$SVXY #CoveredCalls #VXXGame -adding to my positions
Sold SVXY Jun 17 2016 60.0 Calls @ 0.50
Sold SVXY Sep 16 2016 60.0 Calls @ 1.75
$UVXY #ShortPuts – Sold UVXY…
$UVXY #ShortPuts – Sold UVXY MAR 18 2016 24.0 Puts @ 0.23.
#CoveredCalls – Using Market strength…
#CoveredCalls – Using Market strength to scalp some premium in stocks that I own or have short Puts in or both –
— Weeklys —
Sold BBY FEB 26 2016 33.5 Calls @ 0.22
Sold CVX FEB 26 2016 92.0 Calls @ 0.18
Sold JOY Feb 26 2016 14.0 Calls @ 0.12
Sold FB FEB 26 2016 111.0 Calls @ 0.23
— Monthlys —
Sold COG MAR 18 2016 25.0 Calls @ 0.40
Sold HP MAR 18 2016 60.0 Calls @ .85
Sold KATE Mar 18 2016 20.0 Calls @ 0.40
$SVXY #CoveredCalls #VXXGame – Finally…
$SVXY #CoveredCalls #VXXGame – Finally some decent premiums –
Sold SVXY Mar 18 2016 45.0 Calls @ 0.35
Sold SVXY(Weekly) Mar 24 2016 45.0 Calls @ 0.45
Sold SVXY Jun 17 2016 60.0 Calls @ 0.45
Sold SVXY Sep 16 2016 60.0 Calls @ 1.60
Jeff I am a astonished…
Jeff I am a astonished to see not many trading UVXY, any comment(s)
$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
UVXY BIB
Just checking in…not much going today. UVXY 45/55 call spread in #IRA I’ll be watching closely this afternoon. Picked up a little BIB stock at 40.25 for a flip on the next nice up day also. Was in and out of a /VX VIX future this morning for a scratch at 23.15.
Good luck everyone…looks like it’s shaping up to be a quiet day. (famous last words…LOL!)
UVXY STO call MAR2 2016…
UVXY STO call MAR2 2016 (3/11/2016) 95 at 0.62
#VXXGame STO UVXY March 4th…
#VXXGame STO UVXY March 4th 35 put for .87 (adding)
BTC UVXY March 4th 95 calls for .15. Sold for 1.05 on Feb 2nd
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
$UVXY closed Feb. 19 50/55…
$UVXY closed Feb. 19 50/55 call spreads for about half of what they were sold for, too close to expiration, and 50 for comfort still a winner.
$VXX BTC 3/4/16 37.0 CALLS…
$VXX BTC 3/4/16 37.0 CALLS @.11 STO @.74 in early Feb.
UVXY Puts
Delta beginning to trump IV collapse on these so booking a nice winner. UVXY is actually well below where it was when I sold these on the way up but puts have lost nearly half their value.
Bought to Close UVXY MAR 18 2016 30.0 Puts @ .90 (sold for 1.62 average)
$UVXY BTC 3/11/16 90.0 CALLS…
$UVXY BTC 3/11/16 90.0 CALLS @.77
$UVXY STO 3/18/16 75.0 CALLS @2.27 Hasn’t seen 75.0 since Sept. 2015.
#VXXGame BTC $UVXY March 18th…
#VXXGame BTC $UVXY March 18th 165 calls for .26. Sold for 2.70 avg price in January.
$UVXY my UVXY Feb 19…
$UVXY my UVXY Feb 19 50/55 call spreads finally turned positive this morning.
#VXXGame BTC $UVXY Feb 26th…
#VXXGame BTC $UVXY Feb 26th 35 puts for .18. Sold for 1.15 on Feb 1
/VX VIX futures
Sold 24.00 and bought back at 23.75 for a nice little 25 tick overnighter. Back to bed!
$UVXY Closed March 18 30/25…
$UVXY Closed March 18 30/25 BuPS for .49, sold for 1.03 on Feb. 10. Thanks Fuzzball
$UVXY BTC 2/19/16 70.0 PUTS…
$UVXY BTC 2/19/16 70.0 PUTS @.15 Hey, good idea Jeff, opened up some margin power.
VXX and UVXY closed
Closed some profits early to clear space.
BTC VXX Feb 19 32/35 call spreads for .07. Previously sold for .25
BTC UVXY Feb 19 68/70 call spreads for .08. Previously sold for .20
UVXY trimming
#VXXGame Booked several near-term positions, all at 90% max profit or higher:
BTC UVXY Feb 19th 29 puts for .03
BTC UVXY Feb 26th 28 puts for .03
BTC UVXY Feb 19th 85 calls for .05
BTC UVXY Feb 26th 85 calls for .43
BTC UVXY Feb 26th 95 calls for .23
BTC UVXY Feb 26th 110 calls for .09
UVXY moving up steadily despite…
UVXY moving up steadily despite decent strength in SPX
Expiration 2/12/16
Starting slowly. Still listing! (-:
100% Max Profits
SVXY 30 puts
UVXY 29 Puts
SPXW 1775/1800 BUPS
SPXW 2040/2015 BECS
Closed Early
MCD Strangle 125/122 BECS // 110/115 BUPS Sold for $1.55, bought back for $.55
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
#OptionsExpiration for 2/12 $NFLX 02/12/2016…
#OptionsExpiration for 2/12
$NFLX 02/12/2016 101.00 calls
$TSLA 02/12/2016 110.00 puts
$TWTR 02/12/2016 19.00 calls
$UVXY 02/12/2016 66.00 calls
$UVXY 02/12/2016 70.00 calls
$UVXY 02/12/2016 85.00 calls
$UVXY 02/12/2016 95.00 calls
$SPX 02/12/2016 1795/1770 put spreads
No assignments this week.
Have a great 3 day weekend!
BTC $UVXY 2/12/16 70.0 CALL…
BTC $UVXY 2/12/16 70.0 CALL @.03 Thanks to Jeff for this idea.
BTC $ETE 2/26/16 3.50 PUTS @.15
STO $UVXY 2/19/16 70.0CALLS @1.04 To replace the above, and yah, I know $UVXY’s down, but no premium in puts unless you go out in time, and I just wanted to get more familiar with Jeff’s idea.
UVXY puts
Phone trading again from gate D42 MIA. Lol…
Closed Feb 38 puts @ 06. Sold for 2.26 after multiple roll ups.
Sold Mar week 2 35 puts @ 1.15. A little late to the party but following Jeff.
Like the spread idea also. Trying for monthly 35/32 @ .75 in #IRA.
UVXY
BTC $UVXY Feb 19th 70 calls for 1.20. Sold for 2.75. Good enough profit to close this; it was my lowest strike and don’t want to risk what could be a volatile week. Replaced them with…
STO UVXY March 11th 35 puts for 1.35
Smaller account: STO UVXY March 18th 35/33 put spreads for .52
$VIX earlier today closed a…
$VIX earlier today closed a 21/26 BuCS, made about 2.50.
$SWHC #coveredcalls followed somebody from yesterday, can’t find his post, Feb. 19, 23 covered call for 21.19
This is Smith and Wesson
$UVXY $VIX
$VIX above $30, $UVXY above $60. A lot of fear in the air.
$UVXY
STO Feb 19 $100 calls @ $0.50 Expire next friday
$UVXY
$UVXY Sold Mar 4th 95/105 bear call spread in my IRA @ 0.80 when UVXY was at 59.24 @11:05 AM. I’m staying short term because I will be traveling early March and small to control risk. Mostly cash in the trading account.
UVXY call spreads
Adding one to an existing position…
Sold UVXY JUN 17 2016 80/100 Bear call spread @ 3.00
$UVXY #Roll
Rolled Feb 12 $60 Calls to Feb 26 $85 calls for $.35 credit
UVXY short-term
#VXXGame This is a trade that has been working for 5 weeks straight. On Thursday or Friday, use any spikes in $UVXY to sell calls expiring the following Friday (7 to 8 days DTE) about 25-30 points above current price. Then continue to add more on Monday or Tuesday if there are more spikes. I have this week’s 70 calls that should expire tomorrow, sold between .50 and 1.10. I usually end up with 7-10 contracts around .70-.80 avg price, so a nice $500-$800 gain each week. There will likely be a week where we get a much bigger volatility spike, and this trade will have to be rolled or closed with a loss. But as long as VIX remains orderly, this is working. This morning…
Sold to Open UVXY Feb 19th 85 calls for 1.07. I missed the highs but will sell more if we go higher, or move to a lower strike if UVXY drops.
$UVXY $VXX
STO $UVXY Mar 4 $105 Calls @ $2.37
STO $UVXY Mar 11 $105 Calls @ $3.81
STO $UVXY Mar 28 $95 Call @ $6.60
STO $VXX Apr 15 $45 calls @ $1.50
Options Bistro 