$UVXY #ShortCalls – just couldn’t resist selling these for next week
Sold UVXY Dec 11 2015 70.0 Calls @ 0.30
Sold UVXY Dec 11 2015 60.0 Calls @ 0.47
Sold UVXY Dec 11 2015 55.0 Calls @ 0.60
Category Archives: VXXGame
UVXY calls opened
#VXXGame STO $UVXY March 80 call for 4.40
STO UVXY Jan 2017 170 call for 8.75
These more than replace the ones I just closed and puts the danger comfortably farther in time and strike.
UVXY calls closed
#VXXGame BTC $UVXY Dec 11th 32 calls for 3.00. Sold for .75, .85, 1.00 yesterday. Will sell longer dated much higher calls to replace these.
$UVXY #ShortCalls #VXXGame – sold…
$UVXY #ShortCalls #VXXGame – sold both these with slightly different risk profiles.
Sold UVXY Dec 11 2015 70.0 Calls @ 0.15 – ultra short-term play where the stock would have to almost triple in a week
Sold 1 UVXY Jan 08 2016 50.0 Call @ 2.24 – top of the chain, about a month out and a fat premium.
edit: Added
Sold UVXY Dec 11 2015 70.0 Calls @ 0.19
Sold 1 UVXY Jan 08 2016 50.0 Call @ 2.43
$SVXY #ShortPuts – these are…
$SVXY #ShortPuts – these are the first Puts I’ve sold in a while in this name because being long the stock is challenge enough. But these look tempting for the next two weeks.
Sold SVXY Dec 11 2015 48.0 Puts @ 0.55
Sold SVXY Dec 18 2015 42.0 Puts @ 0.55
edit: also added
Sold SVXY Dec 11 2015 47.0 Puts @ 0.55
Sold SVXY Dec 18 2015 41.0 Puts @ 0.55
SVXY Naked calls
#ShortCalls – Bought to Close DEC 4 2015 59.0 Calls @ .30 (sold for 1.70)
$UVXY $SVXY #VXXGame
The S&P seems to have bottomed and is now making a higher high, $UVXY pulling back so made the following trades.
STO $UVXY Dec 11 $40 calls @ $.45
STO $SVXY Dec 11 $50 puts @ $.50
Made no attempt to catch the bottom so didn’t get the highest possible fills. Waited for the market to tell me it was time to enter.
XIV #401k
Took over trading of my #401k Sept 1st once the rules changed at American. Now allowed to self manage 95 percent of it with no limit on number of trades. I’ve been using stock only with no options strictly with XIV and BIB playing the swings. Working so far with total account up 14 percent while never using more than one third at any given time.
Yesterday top ticked XIV when I dumped a tranche at 31.50 (smiley face).
Re-building the position now with orders in to buy a small amount every 50 cent drop all the way to the August low of 20. Love scaling in like this since at some point it will turn more than likely before it gets to 20. This will in total be a one third position. If we keep dropping from there I’ll start the second third and trade it. If we eventually get down to the 2011 low of 4 bucks I’ll have a nice cost basis…
$SVXY
$SVXY STO Dec 24th 50 Put @ 1.50 earlier this morning. May have been a bit quick on the send button.
SVXY Jan weeklies
Starting to fill in the first Jan weekly.
Sold $SVXY Jan 8 (weekly) 45 put @ 1.26.
#SVXY #ShortPuts #ScalpTrade – Sold…
SVXY #ShortPuts #ScalpTrade – Sold SVXY DEC 4 2015 55.0 Puts @ 0.55. Expires is 2 days
SVXY and UVXY in the #IRA
Couple small trades in the IRA…
Sold UVXY JAN 15 2016 45/60 Bear call spreads @ .78 (half position for now)
Sold SVXY DEC 11 2015 55.0 Puts @ 1.35
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold 1 UVXY Jan 08 2016 50.0 Call @ 1.67 . Highest strike
$UVXY #ShortCalls #ScalpTrade – Sold…
$UVXY #ShortCalls #ScalpTrade – Sold UVXY Dec 11 2015 70.0 Calls @ 0.12. Paired with short puts
UVXY calls
#VXXGame STO $UVXY Dec 11th 32 calls for .75, to offset 23 puts on same expiry. May add more if premium goes up. Won’t hold these if UVXY gets up toward 30; in that case I would roll into longer dated, much higher calls.
New Years Eve #VXXGame Sold…
New Years Eve #VXXGame
Sold $UVXY Dec 31 56 calls @ .70. Highest strike.
Long Term VXX longs
#VXXGame Today I STC $VXX Jan 15 2016 20 puts for 3.35. I started buying these in December 2013, and added over the last two years. My average price ended up being 2.75. The best time to have sold them was a few months ago, before the August crash, when VXX hit new lows and these options traded for over 6.00. But I held on and time decay took its toll. I haven’t had a chance to buy 2017 puts because we are overdue for a reverse split, but I will try this again when the price is right for the 20 puts on $VXX or $UVXY, either 2017 or 2018 LEAPs. I am also long the VXX March 2016 25 put, bought for 5.00, now trading for 8.60.
$NUGT $UVXY $KOLD $SVXY
Made several trades this morning.
$NUGT STO Jan’18 $38 call @ $13.40
$UVXY BTC Dec 11 $22 puts for very small loss. Making room next week to roll my Dec 4 $24 puts out and down to next week if I need to.
$KOLD BTC Dec 18 $185 call @ $4.30, very small loss. At the rate it is moving there is plenty of time for my call to get into trouble, so just stepping aside watching my short puts make money. May re-enter 1 week before expiration.
$SVXY BTC Dec 18 $61 put. Had nice profit and pretty close to ATM so just taking it off the table. Nearly all of my remaining puts are $50 and below.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Dec 24 2015 67.5 Calls @ 1.15. Short trading week for this cycle
UVXY puts
#VXXGame Added a couple more at lows today. These are getting a bit frothy; may end up in a roll situation, but it may start getting tougher for it to go lower quickly.
Adding to positions:
STO $UVXY Dec 11th 23 put for 1.20
STO $UVXY Dec 18th 20 put for .75
Also short this week’s 23 puts.
#VXXGame #CoveredCalls – sold both…
#VXXGame #CoveredCalls – sold both of these as I keep adding during the stock’s recovery
Sold SVXY Dec 18 2015 70.0 Calls @ 0.30
Sold SVXY Jan 08 2016 70.0 Calls @ 1.40
#VXXGame #CoveredCalls – Sold SVXY…
#VXXGame #CoveredCalls – Sold SVXY Dec 31 2015 71.0 Calls @ 0.65. Jumped up to a slightly higher strike price
#VXXGame #CoveredCalls- Sold SVXY Dec…
#VXXGame #CoveredCalls- Sold SVXY Dec 31 2015 70.0 Calls @ 0.75. I will continue to add as long as the premium rises.
Edit: Added on at 0.85.
UVXY, new low
For the first time since August 4th, $UVXY just notched a new all-time low by breaking below 24.34. Four months is quite a stretch for this dog to have another day.
$VXX is still over 15% above its August 5th all-time low of 15.48.
$SVXY has once again been the laggard, as recently discussed by @vxxkelly; at 61.00 it is 37% below its June 24th all-time high of 98.13.
#VXXGame – reports coming in…
#VXXGame – reports coming in after the close
Sold UVXY Dec 04 2015 23.0 Puts @ 0.43 – these hopefully expire Friday or can be covered for a penny
Sold UVXY Dec 31 2015 20.0 Puts @ 1.32 – another holiday shortened week.
#VXXGame #CoveredCalls – Sold SVXY…
#VXXGame #CoveredCalls – Sold SVXY Dec 24 2015 66.0 Calls @ 1.35.
#VXXGame – sold these hoping…
#VXXGame – sold these hoping to SVXY continues to rally. It’s working today (so far)
Sold SVXY Dec 18 2015 70.0 Calls @ 0.25 – adding on to my covered calls
Sold UVXY Dec 24 2015 20.0 Puts @ 0.88 – holiday shortened week.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Dec 31 2015 70.0 Calls @ 0.70
#VXXGame – sold these in…
#VXXGame – sold these in an IRA hoping to convince SVXY to rally 10%
Sold SVXY Jan 08 2016 66.0 Calls @ 2.30
Sold UVXY Dec 11 2015 21.0 Puts @ 0.31
Sold UVXY Dec 18 2015 20.0 Puts @ 0.57
SVXY…closing one of my hedges
Bought to Close SVXY DEC 18 2015 65.0 Calls @ 1.10 (sold for 1.55)
Scaling back a little just in case we keep running…
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Dec 18 2015 70.0 Calls @ 0.20
UVXY puts
$UVXY STO December 4 25/21…
$UVXY STO December 4 25/21 BuPS for 1.04, won’t mind owning down here for a week or 2.
$NUGT $UVXY
STO $NUGT Jan’17 $60 Call @ $7.00
STO $UVXY Dec 18 $20 Puts @ $0.50
SVXY covered calls
Sold the following:
$SVXY Dec 31 65 call @ 1.75
$SVXY Jan 15 70 call @ 1.35
Added:
$SVXY Jan 15 68 call @ 2.00
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold UVXY Dec 11 2015 55.0 Calls @ 0.22
edit:
ZZZZZ….. this market is putting me to sleep
#VXXGame – Volatility-products + prayer…
#VXXGame – Volatility-products + prayer
http://statisticalideas.blogspot.com/2015/06/volatility-products-prayer.html
$SVXY not digging it right now.
$SVXY just isn’t performing well. $VIXY is about 4% above where it was a couple weeks ago but $SVXY is about 10% below where it was. $VIX term structure has a nice contango going on ( >5%) but $SVXY still can’t manage to get out of it’s own way.
I have the fewest open put positions that I’ve had in years. In the past with $SVXY this low, we would have been piling on the short puts in the out month’s bringing in big premium. But with the way it is performing, I really haven’t been too tempted to do that. I know Fuzzball has continued to sell some, but for the most part, I think we have been just continuing to let open positions burn off. I really have all the shares I want right now. If I had none, I’d be more aggressive on the put selling myself. I was selling weekly puts about 8 trading days out and 8 to 10 points OTM but that premium has somewhat dried up so not as good a risk/reward.
$UVXY is only 10% above all time low, $SVXY is 40% below all time high.
Just too much uncertainty for me to be adding $SVXY exposure, sticking to $UVXY when opportunities present themselves. Fed coming up. Don’t know what will happen after year end chase for performance gets behind us. Etc…
UVXY puts
#VXXGame STO $UVXY Dec 11th 23 puts for .65. These will replace the 23 puts I have for this Friday, which should expire. Volatility has been in consolidation with the indices, and I expect that to continue. If it doesn’t, these are easy to roll.
$SVXY #CoveredCalls
STO Dec 24 $64 calls @ $1.40
These are technically now double covered. These will replace this weeks expiring $64 calls since I don’t believe there is much chance of $SVXY getting above $64 this week.
Covered calls in SVXY
Sold $SVXY Dec 24 (weekly) 65 calls @ 1.25
Expirations
$FIT 11/27/2015 38 Calls (covered)
$GPRO 11/27/2015 38 Calls (covered)
$SVXY 11/27/2015 52 Puts
$AMZN 11/27/2015
110 Puts
STC $PCLN 11/27 Calls @ 4.4 (Sold @ 9.3)
#OptionsExpiration #Weeklys #Nov27 – A…
#OptionsExpiration #Weeklys #Nov27 – A short but profitable week. No assignments.
— Expirations-
$CMG (Weekly) Nov 27 2015 500 Puts
$DUST (Weekly) Nov 27 2015 12 Puts
$MU (Weekly) Nov 27 2015 20 Calls (Covered)
$NUGT (Weekly) Nov 27 2015 60 Calls (Covered)
$SVXY (Weekly) Nov 27 2015 65 Calls (Covered)
$SVXY (Weekly) Nov 27 2015 66 Calls (Covered)
$SVXY (Weekly) Nov 27 2015 70 Calls (Covered)
$UVXY (Weekly) Nov 27 2015 23.5 Puts
$UVXY (Weekly) Nov 27 2015 24 Puts
$UVXY (Weekly) Nov 27 2015 38 Calls (Covered)
$UVXY (Weekly) Nov 27 2015 40 Calls (Covered)
$UVXY (Weekly) Nov 27 2015 53 Calls
$UVXY (Weekly) Nov 27 2015 55 Calls
$UVXY (Weekly) Nov 27 2015 60 Calls
$UVXY (Weekly) Nov 27 2015 65 Calls
$UVXY (Weekly) Nov 27 2015 70 Calls
$UVXY (Weekly) Nov 27 2015 80 Calls
$VRX (Weekly) Nov 27 2015 116 Calls
$VRX (Weekly) Nov 27 2015 117 Calls
$WYNN (Weekly) Nov 27 2015 57 Puts (Covered)
$SVXY…boring but a moneymaker
Still continuing aggressive shorting of puts and calls near the money on a weekly basis. Rolled 60 puts to next week’s 58 for .10 credit. 59 calls expiring today so sold next week 59’s for 1.70. As long as it grinds sideways these weeklies are pretty rich. Still overall net long SVXY so would love to see calls get in trouble. In the IRA I think I’ll let stock get called today at 57 with a 53 basis.
Great weekend everyone!
#OptionsExpiration
Hope everyone had a great holiday and today was nice and boring in the market (other than Nat Gas).
A bit of an early ball spike but don’t expect to be around this afternoon.
Expirations:
$SVXY $48 Puts
$UVXY $25 Puts
$UVXY $53 Calls
Have a great weekend everyone.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Dec 31 2015 70.0 Calls @ 0.70. Only a partial fill on my order
$UVXY Buy/Write Nov 27 26.5…
$UVXY Buy/Write Nov 27 26.5 covered call at 25.92. I’m OK owning down here, OK making an easy $50. I have a Nov. 27 32.50 covered call as well.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Dec 31 2015 70.0 Calls @ 0.65. Trying to build up my covered call position before yearend, but very few contracts are trading.
UVXY added puts
#VXXGame STO $UVXY Dec 4th 23 puts for .40, adding to the position I started yesterday.
$UVXY STO 12/4 23P @…
$UVXY STO 12/4 23P @ .38
First post-yesterday bought a Jan…
First post-yesterday bought a Jan 20 #VIX 18/21 BuCS for .71, looking for volatility to increase, market is high.
#FOMC
Reminder that the next fed decision I believe is scheduled for Dec 16, 2 days before Dec monthly expiration. I currently have not opened any #VXX related positions for Dec 24 or Dec 31 expirations. I plan to hold off until we get close to the Fed meeting.
I expect that volatility could get elevated prior to the meeting, then just about a coin toss as to what the market will do in response.
UVXY puts
#VXXGame Followed Iceman and Kelly, STO $UVXY Dec 4th 23 puts for .40
$UVXY #ShortPuts – Sold UVXY…
$UVXY #ShortPuts – Sold UVXY Dec 04 2015 22.5 Puts @ 0.29
$UVXY #ShortPuts – Sold UVXY…
$UVXY #ShortPuts – Sold UVXY DEC 4 2015 23.0 Puts at prices from 0.39 up to 0.42
$SVXY
Earlier this morning STO Dec 11th 50 Put @ 1.35. I will add lower and or further out strikes as appropriate. Otherwise I’m spending time out in the barn working on a small table. If I don’t pop back in between now and next week Have a Wonderful Safe and Thankful Holiday. Jon
$UVXY
STO Dec 11 $22 puts @ $0.50
$UVXY
STO Dec 4 $24 puts @ $0.52
$SVXY
Finally broke back above $57. Really want to see this thing get back above $65.
Options Expiration
Expiring:
$AAPL 11/20/2015 120 calls (covered)
$AAPL 11/20/2015 105 puts
$AMBA 11/20/2015 45 puts
$AMZN 11/20/2015 635 puts
$AVGO 11/20/2015 95 puts
$BIB 11/20/2015 42.50 puts
$EOG 11/20/2015 75 puts (covered–I’m short the stock)
$FL 11/20/2015 52.50 puts
$JOY 11/20/2015 14 puts
$KOLD 11/20/2015 100 puts
$KORS 11/20/2015 37.50 puts
$LLY 11/20/2015 72.50 puts
$SVXY 11/20/2015 47.50 puts
$SVXY 11/20/2015 52 puts
$SVXY 11/20/2015 67 calls (covered)
$SVXY 11/20/2015 70 calls (covered)
$SWKS 11/20/2015 75 puts
$TDG 11/20/2015 200 puts
$UVXY 11/20/2015 100 calls
$UVXY 11/20/2015 26 puts
$WYNN 11/20/2015 55 puts
$ZSL 11/20/2015 67.60 calls
$ZSL 11/20/2015 85 calls
Asssignments–Going long stock:
$GMCR 11/20/2015 70 puts
$HAIN 11/20/2015 60 puts
Stock being called away:
$KOLD 11/20/2015 140 calls
$UVXY #LongPut – I’m exercising…
$UVXY #LongPut – I’m exercising my long UVXY Nov 75 Put. Delivering 100 shares of long stock to whoever was still short this position.
Originally paid 27.50 for the put, so a really nice gain on the position.
#OptionsExpiration – A Big, big…
#OptionsExpiration – A Big, big expiration – Would have been better if KOLD had stayed under 136. Still made money on the position because I bought the stock to protect the short calls.
AAPL Nov 20 2015 109 Puts
ALXN Nov 20 2015 90 Puts
BBY Nov 20 2015 25 Puts
BIB Nov 20 2015 42.5 Puts
BOIL Nov 20 2015 19 Puts
BOIL Nov 20 2015 33 Calls (Covered)
CC Nov 20 2015 5 Puts
CMG Nov 20 2015 530 Puts
DUST Nov 20 2015 14 Puts
FL Nov 20 2015 52.5 Puts
GMCR Nov 20 2015 60 Calls
KATE Nov 20 2015 23 Calls (Covered)
KOLD Nov 20 2015 97 Puts
KOLD Nov 20 2015 125 Puts
KORS Nov 20 2015 37.5 Puts
MU Nov 20 2015 14 Puts
NBL Nov 20 2015 32.5 Puts
NUGT Nov 20 2015 35 Calls (Covered)
NUGT Nov 20 2015 61 Calls (Covered)
NUGT Nov 20 2015 75 Calls (Covered)
SLG Nov 20 2015 95 Puts
SVXY Nov 20 2015 30 Puts
SVXY Nov 20 2015 65/66/70/71/72/73/74/75/76 Calls (Covered)
UVXY Nov 20 2015 24/25/25.5/26/26.5/27 Puts
UVXY Nov 20 2015 38/40/42 Calls (Covered)
UVXY Nov 20 2015 43/44/45/45/5/46 Calls
UVXY Nov 20 2015 46.5/47/47.5/48/48.5/49 Calls
UVXY Nov 20 2015 50/51/52/53/54/55 Calls
UVXY Nov 20 2015 80/90/91/92/93/95 Calls
UVXY Nov 20 2015 100/108/110/112 Calls
VXX Nov 20 2015 23 Calls
VXX Nov 20 2015 24 Calls
VXX Nov 20 2015 25 Calls
WFM Nov 20 2015 55 Puts
WYNN Nov 20 2015 57 Puts (Covered)
ZOES Nov 20 2015 22.5 Puts
ZSL Nov 20 2015 67.5 Calls
— Assignments —
FB Nov 20 2015 100 Calls – going short the stock
FCX Nov 20 2015 15 Puts
FCX Nov 20 2015 17 Puts
KOLD Nov 20 2015 136 Calls (Covered)
SVXY Nov 20 2015 53 Calls (Covered/IRA)
Expirations!
#OptionsExpiration 11/20/15
These expired with max profit:
$BOIL 40 calls
$FL 55 puts
$KOLD 100, 105, 110 puts
$NXPI 75 put
$NXPI 85 covered calls
$UVXY 25 puts
$VLO 67 covered puts
$WSM 57.5/75 strangles
$ZOES 22.5 and 25 puts
$ZSL 63 call
Assignment:
$KOLD 109, 135, 136 calls, stock called away
And this #Earnings one didn’t work…
Long $WMT 55 puts, expiring worthless. Bought for .34 on Monday.
Have a great weekend, all!
$UVXY
Placed a GTC order for $UVXY Dec 4 $22 puts @ $0.50
If volatility drops for another couple of days, might just get a fill
Kelly
SVXY housekeeping
I”m not going to be around for the close so unfortunately have to close some stuff prematurely. Using this little dip to take care of those.
Bought to Close SVXY NOV 20 2015 55.0 Puts @ .15 (sold for 1.85)
Bought to Close SVXY NOV 20 2015 57.0 Calls @ .45 (sold for 1.05)
Still have a few 57 calls that are covered. Probably just let the market gods decide how those will go. Either way works for me…LOL
$SVXY #CoveredCalls #IRA
BTC Nov 20 $59.5o calls @ $0.05, STO Dec 4 $59.50 calls @ $1.78
Since it’s in an IRA couldn’t sell naked and let today’s call expire. Figured I’d spend the nickle so that I could lock in some pretty good premium on a good up day in the market. Who knows what Monday will bring.
Cost basis on these shares will now be a little over $56
$SVXY
Morning all. Rolled my Nov 20th 53 Covered Call out and up to Dec 18th 57 Covered call for 0.70 credit. Will most likely allow this to be called away there if it is ITM.
$UVXY #VXXGame – Sold 1…
$UVXY #VXXGame – Sold 1 UVXY Dec 24 2015 70.0 Call @ 1.23. #TopOfTheChain Adding on.
BTC Dec 4th 70 Calls @ 0.05 this morning. Two weeks early and no commissions.
$UVXY #VXXGame – Sold 1…
$UVXY #VXXGame – Sold 1 UVXY Dec 24 2015 70.0 Call @ 1.13. Initial position. #TopOfTheChain
$SVXY #CoveredCalls #TopOfTheChain = Sold…
$SVXY #CoveredCalls #TopOfTheChain – Sold SVXY Dec 31 2015 71.0 Calls @ 0.80
$UVXY #VXXGame #Weeklys – Sold…
$UVXY #VXXGame – Sold UVXY…
$UVXY #VXXGame – Sold UVXY Nov 20 2015 25.0 Puts @ 0.15 with UVXY down 10%
$UVXY
STO Nov 20 $25 puts @ $0.21
SVXY…I’ll keep shorting you until I’m wrong
$SVXY – I’ve got enough short puts that I can hope these get in trouble. Long enough XIV in my 401k that I can really hope these get in trouble!
Sold SVXY DEC 18 2015 65.0 Calls @ 1.55
Options Bistro 