BTC Dec 31 $64 calls @ $0.05
Category Archives: VXXGame
$UVXY
STO Dec 31 $56 calls @ $1.00
Well… that escalated quickly. Didn’t…
Well… that escalated quickly. Didn’t see this one coming. A move to $42 in UVXY the next 7 days would really hurt me.
$SVXY #ShortPuts – probably didn’t…
$SVXY #ShortPuts – probably didn’t need to spend the money but it was a big position
Bought to close 10 SVXY Dec 18 2015 45.0 Puts @ 0.05.
Sold these on 04/22/15 @ 2.95
Sold UVXY $55 calls expiring…
Sold UVXY $55 calls expiring next week. If that won’t trigger a market crash, nothing will.
$SVXY #CoveredCalls – sold these…
$SVXY #CoveredCalls – sold these on the opening
SVXY MAR 18 2016 70.0 Calls @ 1.80
SVXY MAR 18 2016 71.0 Calls @ 1.60
SVXY MAR 18 2016 72.0 Calls @ 1.40
$UVXY #ShortPuts – all these…
$UVXY #ShortPuts – all these strike prices are below the all time low
Sold UVXY Dec 18 2015 23.0 Puts @ 0.33 – These expire in two days
Sold UVXY Dec 24 2015 21.5 Puts @ 0.41 – These expire next Thursday
Sold UVXY Dec 24 2015 21.0 Puts @ 0.33 – Short trading week
$SVXY #CoveredCalls #VXXGame – Sold…
$SVXY #CoveredCalls #VXXGame – Sold SVXY Mar 18 2016 75.0 Calls @ 1.15
$SVXY
Sold $SVXY Dec 31st 48 Put @1.40. Will take assignment or roll if needed.
UVXY call closed
#VXXGame Reducing exposure, although my overall VXX position is light anyway:
BTC $UVXY Jan 2017 85 call for 9.60. Sold for 23.00 (avg price) over the summer.
$SVXY
Hopefully it can sustain some momentum for the next week or 2. I think many of us would benefit greatly from this thing getting at least back to $65.
$SVXY #Coveredcall
STO Jan 15 $63 calls @ $0.90
SVXY covered calls
Sold $SVXY Jan 15 2016 61.00 call @ 1.25
$SVXY
#CoveredCalls STO Dec 24 $56 calls @ $1.10
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Mar 18 2016 75.0 Calls @ 1.10. I couldn’t let the stock rally all the way back from 43 without doing SOMETHING 🙂
This week’s lesson for me…
This week’s lesson for me is, forget about shorting UVXY directly and just buy puts. Not only is it sometimes impossible to borrow shares, during a Fed week the plunge is so severe that no price is too high to pay for puts. If they indicate that today is the end of the tightening cycle, the UVXY $30 puts will end up being a 50 bagger from Monday. Impressive.
#PrepforFed
Because of the potential for significant moves following the Fed decision affecting the market, volatility and the dollar. This morning I’m going to be closing down roughly 1/2 of my $NUGT positions. They have very nice profits but are fairly illiquid so want lock in some gains and not feel the need to mess with them when things are moving fast.
Looks like the market is going to be strong this morning, so will likely reduce some $UVXY and $SVXY profitable positions. If we get a nasty reaction like last time, I’ll have the opportunity to re-enter positions at better prices.
#PrepforFed
Today I’m taking advantage of a good up day in the market to take some profits and reduce short term exposure since I have no clue what the market reaction is going to be to the Fed Rate decision.
BTC $SVXY Dec 18 $55 puts
BTC $SVXY Dec 18 $40 puts
BTC $UVXY June $70 call (sold yesterday)
BTC $UVXY Dec 18 $45 calls
I have no $SVXY puts left for this week
$SVXY #CoveredCalls #IRA – so…
$SVXY #CoveredCalls #IRA – so between 3 and 3:30 Friday I bought SVXY in my “SVXY-Only” IRA at 44.30 and sold the Dec 11 45.0 Calls at 0.20. Since the stock closed above 45, I expected to be assigned, but I was not.
S0… on the opening this morning I sold the Dec 18 53.0 Calls at 0.55 against my long stock.
Sometimes you catch a break 🙂
$UVXY #VXXGame – Liquidated even…
$UVXY #VXXGame – Liquidated even more long stock at 42 and 43(more than half my remaining long) and then sold many more Puts for this week
Sold UVXY Dec 18 2015 25.5 Puts @ 0.35
Sold UVXY Dec 18 2015 26.0 Puts @ 0.40
$SVXY
$SVXY Sold Dec 31st 52 Call @ 1.50 against stock assigned Friday at 50. Iceman you ar4 so right about these blasted abbreviations. I keep screwing them up.
$UVXY
Made 3 small trades this morning. Really don’t want to do much until after the Fed on Wed.
STO Dec 18 $25 puts @ $0.20
STO Jun’16 $70 call @$15.00
STO Mar’16 $165 calls @ $4.50
I am day trading SVXY…
I am day trading SVXY stock in this madness. May use UVXY too. In and out in minutes with these swings.
$UVXY #VXXGame – Liquidated more…
$UVXY #VXXGame – Liquidated more long stock at 40.41 and then sold more Puts for this week
Sold UVXY Dec 18 2015 26.5 Puts @ 0.35
Sold UVXY Dec 18 2015 27.0 Puts @ 0.43 (edit to correct the price)
$UVXY #ShortPuts – Sold UVXY…
$UVXY #ShortPuts – Sold UVXY Dec 18 2015 25.5 Puts @ 0.40
$UVXY #VXXGame #Weeklys- Sold these…
$SVXY
BTC Dec 24 $64 Calls @ $0.05
$SVXY $UVXY
I was away from the market for most of Friday. I went into the day with 3 positions ready to expire. $UVXY $40 calls, $SVXY $45 and $50 puts. The only thing that would affect these was a big sell off, which is obviously what happened. Early in the day it sure looked to me like there was little chance of the market bouncing, so with $SVXY about $49.50, I closed my $50 puts for $1 (sold for $0.50 so lost $150). I closed my $45 puts to cover the loss and still book a profit just in case. I held onto my $UVXY $40 calls as I did not think it would get there. I checked on the market with about 1.5 hrs left until the close, $UVXY was about $37.5. I was going to be in meetings the rest of the day so I closed out the position for $.15 (sold for $0.45).
So at the end of the day I had nothing left to expire.
UVXY – new calls available…
UVXY – new calls available up to the 65 strike for all the January Weeklys
$UVXY – Sold 200 UVXY…
$UVXY – Sold 200 UVXY at 41.00 in the pre-market. Left over from an old put assignment at 40 from several months ago. Its going to be that type of day.
#OptionsExpiration – volatile week. GMCR…
#OptionsExpiration – volatile week. GMCR ruined what would have been a good month to date.
DUST (Weekly) Dec 11 2015 15 Puts
DUST (Weekly) Dec 11 2015 19 Calls
KMI (Weekly) Dec 11 2015 15.5 Puts
NFLX (Weekly) Dec 11 2015 115 Puts
NUGT (Weekly) Dec 11 2015 36.5 Calls
SVXY (Weekly) Dec 11 2015 65 Calls
SVXY (Weekly) Dec 11 2015 70 Calls
UVXY (Weekly) Dec 11 2015 20 Puts
UVXY (Weekly) Dec 11 2015 21 Puts
UVXY (Weekly) Dec 11 2015 21.5 Puts
UVXY (Weekly) Dec 11 2015 41 Calls
UVXY (Weekly) Dec 11 2015 42 Calls
UVXY (Weekly) Dec 11 2015 43 Calls
UVXY (Weekly) Dec 11 2015 44 Calls
UVXY (Weekly) Dec 11 2015 55 Calls
UVXY (Weekly) Dec 11 2015 60 Calls
UVXY (Weekly) Dec 11 2015 65 Calls
UVXY (Weekly) Dec 11 2015 70 Calls
WYNN (Weekly) Dec 11 2015 61.5 Puts
WYNN (Weekly) Dec 11 2015 57 Puts
— Assignments —
GMCR (Weekly) Dec 11 2015 60 Calls – had to buy in the stock to cover the calls
GMCR (Weekly) Dec 11 2015 61 Calls – ”
SVXY (Weekly) Dec 11 2015 47 Puts
SVXY (Weekly) Dec 11 2015 48 Puts
SVXY (Weekly) Dec 11 2015 49 Puts
UVXY (Weekly) Dec 11 2015 38 Calls (Covered)
Options Expiration for Dec 11
Expiring:
$NUGT 12/11/2015 36.50 calls
$UVXY 12/11/2015 41.00 calls
$UVXY 12/11/2015 55.00 calls
No assignments today.
Closing SVXY to avoid assignment
Bought to close $SVXY Dec 11 45 put @ .35 as it dipped below the strike price minutes before the close. Sold for 1.50 on 11/12 so I’ll take my 75% of max profit off to avoid the risk. Already plenty long SVXY…
Options Expiration 12/11/15
These expired worthless, full credit:
$DUST 30 call
$UVXY 23 puts
$VLO 74 call
$SPX 2085/2110 call spreads
$SPX 2130/2155 call spreads
Assignment:
$VLO 69 put, partial short stock position covered
Have a great weekend everyone! I’ll be checking in on the blog all weekend.
SPX same week puts
Waiting till the end rarely works… had to pay up, 14.00, to exit my Dec 11th 2025/2000 spread. Will make it up some day when the market finishes its correction and heads to new highs. Could be awhile.
$UVXY #ShortCalls #VXXGame #TopOfTheChain Sold…
$UVXY #ShortCalls #VXXGame #TopOfTheChain
Sold 1 UVXY Mar 18 2016 165.0 Call @ 3.30
Sold 1 UVXY Jan 20 2017 170.0 Call @ 12.10
Another #VXXGame trade Proceeding cautiously…
Another #VXXGame trade
Proceeding cautiously here, being really picky about which opportunities to jump on.
Sold $UVXY Dec 24 70 call (highest strike) @ 1.85. Adding to position at a higher premium.
$SVXY
$SVXY BTC Today’s 45 Put @ .30 to avoid potential assignment risk this afternoon as I will be away the last part of the day. STO @ 2.00 on 11/13.
$UVXY Roll rolled $UVXY dec….
$UVXY Roll rolled $UVXY dec. 11 32 covered calls to Dec 18 35 calls for a credit
SVXY call scalp
Bought to Close SVXY DEC 11 2015 54.0 Calls @ .05
Sold these for a dollar yesterday with house money after closing short 57’s and 60’s.
$UVXY #ShortCalls #VXXGame #topofthechain Sold…
$UVXY #ShortCalls #VXXGame #topofthechain
Sold 2 UVXY Jan 15 2016 170.0 Calls @ 0.72
Sold 1 UVXY Mar 18 2016 165.0 Call @ 2.57
UVXY January
I tried to take this trade last week when Iceman posted it but I missed it. Caught it today though, and now the premium is even better than my sale. I may sell more if it continues to rise.
Sold $UVXY Jan 15 2016 170 calls @ .70.
Thanks Iceman.
$UVXY $SVXY – things may…
$UVXY $SVXY – things may settle down by the open, but I just saw UVXY above 34 (up 11%) and SVXY below 50.
Should be a fun day
$UVXY #ShortCalls #VXXGame – sold…
$UVXY #ShortCalls #VXXGame – sold all these for next week. Partially covered with short Puts and long stock.
Sold UVXY Dec 18 2015 75.0 Calls @ 0.25
Sold UVXY Dec 18 2015 80.0 Calls @ 0.21
Sold UVXY Dec 18 2015 85.0 Calls @ 0.18
Sold UVXY Dec 18 2015 90.0 Calls @ 0.15
Sold UVXY Dec 18 2015 95.0 Calls @ 0.15
$UVXY #ShortCalls #ScalpTrade #VXXGame -…
$UVXY #ShortCalls #ScalpTrade #VXXGame – sold these as UVXY made a potential near term double top just above 31
Sold UVXY Dec 24 2015 70.0 Calls @ 0.60
Sold UVXY Dec 18 2015 70.0 Calls @ 0.33
Sold UVXY Dec 11 2015 44.0 Calls @ 0.19 – these expire Friday
SVXY naked calls
Bought to Close SVXY DEC 18 2015 60.0 Calls @ .60 (sold for 1.75)
SVXY naked calls
Bought to close SVXY DEC 11 2015 58.0 Calls @ .20 (sold for 1.25)
Trades
STO $NFLX 1/15/2016 110/120 BUPS $2.5
STO $KMI 1/15/2016 15Put @.5. Thank you Ramie
STO $UVXY 12/18 45 call @ .6 Thank you vxxkelly
STO SPXW 12/11/2015 2130.00/2105.00 call @ 1.00. Thanks Jeff
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold UVXY DEC 24 2015 70.0 Calls @ 0.39. Top of the chain.
$SVXY
$SVXY STO an initial position Dec 31st 45 Put @ 0.95.
$UVXY
STO Dec 18 $45 calls @ $0.62
STO Jan 15 $65 calls @ $1.10
$UVXY #ShortCalls #Weeklys – Sold…
$UVXY #ShortCalls #Weeklys – Sold UVXY Dec 11 2015 42.0 Calls @ 0.18 for a scalp trade. Strike is a point higher than my last sale for the same premium
$SVXY
STO Jan’16 $35 puts @ $0.55
SVXY put #IRA
#IRA – Just one for now…
Sold 1 SVXY JAN 15 2016 55.0 Put @ 4.80
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY Dec 11 2015 41.0 Calls @ 0.18 for a scalp trade. This month’s high was 10 points below the strike
$SVXY
Just getting back to the desk. While I was away today the short Dec 18th 65 and 66 calls were bought to close at 0.25.
UVXY BeCS
Sold UVXY MAR 18 2016 55/75 Bear call spreads @ 1.25
$UVXY calls in March
A #VXXGame trade. Sold $UVYX Mar 18 2016 165 calls @ 1.05. Highest strike.
$SVXY
$SVXY BTC Dec 18th 67 Calls @ 0.20 this morning. Will reload after the FOMC meeting. Still waiting on stink fills for 65 and 66 calls.
VIX, VXX – http://vixandmore.blogspot.com/2015/12/the-current-vix-etp-landscape.html
VIX, VXX – http://vixandmore.blogspot.com/2015/12/the-current-vix-etp-landscape.html
Expiring Full Profit
$SVXY 55 Put
$SVXY 45 Put
$NFLX 122 Put
$UVXY 23 Put
$SVXY 24 Put
$UVXY 55 Call
$UVXY 65 Call
Spreads Expiring Full Profit
$SPXW 2030/2035 BUPS
$AMBA 48/52 BUPS
Covered Calls
$AAPL 118 call Stock called away Still have a position in AAPL
$WMT 60.5 call expired. Will sell premium Monday
$FIT 29.5 call. Stock called away. $2 share loss
Straight Calls
$XOM 1/15/2016
80 call. Stopped out 41% loss
Thank you to everyone here
#Option Expiration
$SVXY #OptionsExpiration
Only one expiry for me
$SVXY 45 Put.
Have a great weekend all.
#OptionsExpiration
For 12/4
Expiring:
$SVXY 12/04/2015 50.00 puts
$UVXY 12/04/2015 50.00 calls
$UVXY 12/04/2015 22.50 puts
No assignments. Have a great weekend everyone.
#OptionsExpiration 12/4/15
$NXPI 75 puts
$SPX 2125/2145 call spreads
$SPX 2130/2155 call spreads
$UVXY 23 puts
$VLO 65 & 68.5 puts
$VLO 73 calls
Assignment:
$NXPI 85 calls, stock called away, leaving me flat in the name
Have a great weekend everyone! Thanks for everything.
#OptionsExpiration #Weeklys #Dec04 – Pretty…
#OptionsExpiration #Weeklys #Dec04 – Pretty good week for selling premium. The pain in DUST is more than offset by my gain in NUGT. I don’t expect DUST will stay down too long.
I have a full plate of positions for next Friday already, thanks to the volatility yesterday.
— Expirations —
GMCR (Weekly) Dec 4 2015 58 Calls
NUGT (Weekly) Dec 4 2015 35 Calls (Covered)
SVXY (Weekly) Dec 4 2015 55 Puts
SVXY (Weekly) Dec 4 2015 65 Calls (Covered)
SVXY (Weekly) Dec 4 2015 70 Calls (Covered)
UVXY (Weekly) Dec 4 2015 22.5 Puts
UVXY (Weekly) Dec 4 2015 23 Puts
UVXY (Weekly) Dec 4 2015 38 Calls (Covered)
UVXY (Weekly) Dec 4 2015 41 Calls (Covered)
UVXY (Weekly) Dec 4 2015 60 Calls
WYNN (Weekly) Dec 4 2015 55 Puts (Covered)
— Assignments —
DUST (Weekly) Dec 4 2015 15.5 Puts
DUST (Weekly) Dec 4 2015 16 Puts
$UVXY #ShortPuts – I sold…
$UVXY #ShortPuts – I sold so many calls for next week yesterday that I’m putting some puts in place as a balance.
Sold UVXY Dec 11 2015 21.5 Puts @ 0.22
Sold UVXY Dec 11 2015 21.0 Puts @ 0.15
SVXY, I rolled my December 4, 60 calls out to December 11, 60 calls for 1.05 pickup in premium.
UVXY Call spreads
Closing a sizable position in my #IRA just in case a better opportunity comes along in next couple weeks. I held this thing all through the August turmoil even when it went completely ITM. After watching this and seeing how stress free it was I think all my UVXY call trades from now on will be spreads. I think I can put them on a little less often for shorter duration and get out of them quicker and with less risk than being exposed to naked positions for months at a time. I’ll still go naked once in awhile but pick my positions carefully (like a 200 strike a year out for 50 bucks…LOL)
This has been a great strategy in my IRA with no losers and no stress. I think I’ll carry this over to my regular account also…
Bought to Close UVXY DEC 18 2015 70/90 Bear call spreads @ .06 (sold for 1.10)
$UVXY #ShortStrangle – didn’t notice…
$UVXY #ShortStrangle – didn’t notice this fill from yesterday
Sold 2 UVXY Dec 18 2015 20.0 Put @ 0.27 \Sold 2 UVXY Dec 18 2015 60.0 Call @ 0.83
Total Credit = 1.10
$SVXY #Coveredcall
BTC Dec 11 $65 calls @ $0.05
UVXY close puts
#VXXGame BTC $UVXY Dec 18th 20 puts for .15. Sold for .65 avg price. If this is the extent of the correction I want to be able to sell these again.
UVXY call spreads
#IRA – Sold UVXY DEC 18 2015 45/60 Bear call spreads @ .84
$UVXY #ShortCalls – Sold 1…
$UVXY #ShortCalls – Sold 1 UVXY Jan 20 2017 170.0 Call @ 9.10
UVXY
Sold the Jan. 2017, 170 calls for 9.00
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY JAN 15 2016 170.0 Calls @ 0.70. A ridiculous strike price.
Options Bistro 