#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.

#optionsexpiration

$UVXY #ShortCalls – Sold UVXY…

$UVXY #ShortCalls – Sold UVXY Aug 26 2016 28.5 Calls @ 0.16 for next week’s expiration.

SVXY

We are still in the trading range of 70 to 74 that we have been in for the last 2 weeks. I don’t have anything to do today so may go to the gym early. The VIX is still in contango.

$SVXY #CoveredCalls #OptionLadder – a…

$SVXY #CoveredCalls #OptionLadder – a couple of large rollups on the opening tick. I split a large short position expiring today into two new positions with different expiration dates.
Bought to close SVXY Aug 19 2016 70.0 Calls @ 3.30 / Sold Sep 16 2016 75.0 Calls @ 3.40
Bought to close SVXY Aug 19 2016 70.0 Calls @ 3.32 / Sold Sep 23 2016 75.0 Calls @ 4.38
Both trades are cash flow positive, adding to my cash balance, and this moves the strike price up 5 points, above the YTD high of 74.16.
I might have been able to do better by waiting but at least it’s a big position I don’t have to watch today.

SVXY roll

My last one. BTC August 19 55 call and STO December 60 call for a credit of 0.80 cents

SVXY roll

BTC August 19, 56 call and STO December 62 call for a credit of 0.40 cents.

$SVXY #CoveredCalls #Rollup – one…

$SVXY #CoveredCalls #Rollup – one of many rollups I’m doing in various accounts for SVXY.
Bought to close SVXY Aug 19 2016 64.0 Calls @ 8.84
Sold SVXY Sep 30 2016 68.0 Calls @ 9.14 for a 0.30 Credit plus 4 points on the strike price.

The new strike price is still in the money with the stock at currently 72.70 and the breakeven for the new short call is at 77.14, well above the YTD high on the stock.

As I said last week, in this account I’m using a 3:1 overwrite strategy with an #OptionLadder approach. So if SVXY collapses again I’m not likely to get hurt to the downside unless the stock stays down for more than 6 weeks. In most cases for each individual week, I only have calls outstanding on 50% of my long stock. I roll that position each week out to a week that I have no exposure in, at successively higher strike prices.

At some point I will start letting some of my stock go and switch to selling puts. But for now this is working.

SOME TRADES:

$UVXY BTC 8/19/16 27.5 CALLS @.01
$UVXY STO 8/26/16 24.0 CALLS @.42
$UVXY STO 8/26/16 25.0 CALLS @.40
$UVXY STO 8/26/16 28.0 CALLS @.44
$UVXY STO 9/2/16 23.0 CALLS @.46
$UVXY STO 9/2/16 29.0 CALLS @.42

$UVXY

Looks like I missed a trade yesterday. After the Fed minutes came out:

STO Aug 26 $27 calls @ $0.40

SVXY

On the weekly chart I see a head and shoulders bottom that measures up to 95/100. Just my humble opinion and I have been wrong before.

SVXY

BTC August 26, 50 puts @0.05 with no commission. It was sold @2.33  and that is the last of my exposure on that date.

XIV SVXY VIX…

Volatility dropping…did they leak the “no hike” decision? LOL…they wouldn’t do that!

$SVXY

Rolled Aug 19th 65 Call out and up to Sept 16th 70 Call for even less fees.

#VXXGame trade in Jan Sold…

#VXXGame trade in Jan
Sold $UVXY Jan 20 2017 60 call @ 4.10. Highest strike.

SVXY Roll

BTC August 19, 57 call and STO December 57 call even @ 13.44

SVXY covered calls

I sold the balance of my December 85 calls this morning from 5.20 to 5.30 and this completes my covered call position. If the FED does not raise rates I may get called away and if it does nothing I get to keep the premium. Either way, I will be happy.

SVXY Roll

BTC August 26, 60 calls, STO December 70 calls for a credit of 0.50 cents.

SVXY Roll

BTC August 18 58 calls and STO December 68 calls even, just commissions.

$UVXY added to my position…

$UVXY added to my position at $20.99 earlier this morning. Slowly bringing down my basis after I was put at $9 pre-split ($45 now).

$UVXY #ShortCalls – Sold the…

$UVXY #ShortCalls – Sold the following for to add to my previous trades for Friday’s expiration. Easy to roll if they get in the money.
UVXY AUG 19 2016 26.5 Calls @ 0.12
UVXY AUG 19 2016 27.0 Calls @ 0.11
I wonder where SVXY will be if these get in the money … 🙂

SVXY

STO September 23, 50 puts @1.15, I expect to be called out of some of my positions this week so replacing some near the 200 day MA.

$UVXY #CoveredCalls #IRA – Sold…

$UVXY #CoveredCalls #IRA – Sold the following for this week in various IRA accounts. No margin pressure, and easy to roll if they get in the money.
UVXY AUG 19 2016 24.5 Calls @ 0.21
UVXY AUG 19 2016 25.0 Calls @ 0.20
UVXY AUG 19 2016 25.5 Calls @ 0.18
UVXY AUG 19 2016 26.0 Calls @ 0.15

$SVXY #ShortCalls #Rollup – since…

$SVXY #ShortCalls #Rollup – since my account seems to come under margin pressure every time SVXY approaches 74, I put in this diagonal rollup spread last week. It finally filled.
Bought to close SVXY Sep 16 2016 60.0 Calls @ 13.99
Sold SVXY Jan 19 2018 95.0 Calls at 14.22.
Cash flow positive at a 0.23 Credit and bumped the strike price 35 points. Gives me some room to maneuver for margin purposes.

A TRADE:

$UVXY STO 8/19/16 23.0 CALLS @.31 Hasn’t closed above 23.0 since August 5, a short while ago I know, but this is a short term trade, so I’m hoping, ;>) , that will be so by Friday.
PS Post below was written Friday, but I forgot to post it.

LADDER: Done earlier, but couldn’t…

LADDER: Done earlier, but couldn’t get into site. Working now. Thanks Jeff for your help.

$UVXY STO 8/19/16 25.50 CALLS @.45
$UVXY STO 8/19/16 26.50 CALLS @.35
$UVXY STO 8/19/16 27.50 CALLS @.33

$UVXY #ShortCalls – Sold UVXY…

$UVXY #ShortCalls – Sold UVXY AUG 19 2016 32.0 Calls @ 0.11. I think I caught the other side of someone’s market order to buy.

SVXY ROLL

August 19

BTC 61 call, STO 71 December call for a 0.50 cent credit.

SVXY

STO covered calls, December 85 calls @6.50

#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

IRA expiration

SVXY 40 puts sold @1.70

I think it is safe to say I am not going to be assigned on this one.

SVXY

STO December 85 calls @6.00 adding to my covered call positions

$UVXY roll Aug 19 $20…

$UVXY roll Aug 19 $20 put to Sept 16 $20 put for $2.10cr, Aug put netted 0.64 as well.

$SVXY #CoveredCalls #Rollup – Deep…

$SVXY #CoveredCalls #Rollup – Deep in the money rollups are tough to get off.
Bought to close SVXY Aug 12 2016 60.0 Calls @ 11.70
Sold SVXY Sep 23 2016 63.0 Calls @ 12.10 for a 0.40 Credit plus 3 additional points on the strike price.

SVXY

STO December 85 calls @6.00

$SVXY #CoveredCalls.

Back from moving my daughter to Florida during that apparent tropical depression.  I was beginning to think an Ark was needed instead of an apartment.  Anyway, I was early assigned Aug 12th 57 Covered Calls one day early.  Second time in as many months.  Alas, didn’t get it rolled.

SVXY Roll

BTC August 19, 59 calls, STO December 69 calls for a credit of 0.15 cents.

$SVXY #CoveredCalls #Rollup – one…

$SVXY #CoveredCalls #Rollup – one of many rollups I’m doing in various accounts for SVXY.
Bought to close SVXY Aug 12 2016 65.0 Calls @ 5.70
Sold SVXY Sep 23 2016 71.5 Calls @ 5.90 for a 0.20 Credit plus 6 1/2 points on the strike price.

The new strike price is slightly out of the money with the stock at currently 71.30 and the breakeven for the new short call is at 77.40, well above the YTD high on the stock.

As I said last week, in this account I’m using a 3:1 overwrite strategy with an #OptionLadder approach. So if SVXY collapses again I’m not likely to get hurt to the downside unless the stock stays down for more than 6 weeks. In most cases for each individual week, I only have calls outstanding on 50% of my long stock. I roll that position each week out to a week that I have no exposure in, at successively higher strike prices.

At some point I will start letting some of my stock go and switch to selling puts. But for now this is working.

SVXY

BTC August 26, 40 puts @0.05 sold @1.05

$SVXY #ShortCalls – As SVXY…

$SVXY #ShortCalls – As SVXY pulls back a bit, I’m getting a bigger credit for doing this roll. I also have an order in to liquidate more stock at the recent high of 74.16, should it return there anytime soon.
Bought to close SVXY Sep 16 2016 60.0 Calls @ 13.78
Sold SVXY Jan 19 2018 90.0 Calls @ 15.28

SVXY

BTC August 26, 38 puts @0.05 sold @0.85

BTC August 26, 45 puts @0.05 sold @1.80

Not much more to be made so free up some margin.

SVXY

STO December 85 calls @6.00

SVXY

STO December 37 puts @1.90

$UVXY #ShortCalls #VXXGame – Sold…

$UVXY #ShortCalls #VXXGame – Sold UVXY Oct 21 2016 55.0 Calls @ 2.05. This is the highest available strike price and represents almost 10% of the underlying equity, currently at 21.30

$UVXY #ShortCalls – getting some…

$UVXY #ShortCalls – getting some more done on the move to 22 in UVXY
Sold UVXY AUG 19 2016 34.0 Calls @ 0.24 – these expire next week
Sold UVXY AUG 26 2016 40.0 Calls @ 0.43

$UVXY

STO $UVXY Aug 12 $25 calls @ $0.20
STO $UVXY Aug 19 $34 calls @ $0.20
STO $UVXY Aug 26 $34 calls @ $0.51

$UVXY #ShortCalls #VXXGame – Sold…

$UVXY #ShortCalls #VXXGame – Sold UVXY Sep 16 2016 56.0 Calls @ 0.78. Highest available strike price

UVXY closed

#VXXGame, earlier at the opening low, BTC UVXY Sept 9th 58 call for .34. Sold for 1.80 on Aug 2.

$UVXY #ShortCalls – Covered these…

$UVXY #ShortCalls – Covered these positions to free up room to sell shorter term calls expiring this week and next.

Bought to close UVXY2 SEP 16 2016 100.0 Calls @ 0.01
Bought to close UVXY2 SEP 16 2016 105.0 Calls @ 0.01
Bought to close UVXY2 SEP 16 2016 110.0 Calls @ 0.01

All these were sold on 6/13/16 @ 0.84

$SVXY #ShortCalls – while liquidating…

$SVXY #ShortCalls – while liquidating some long stock today, I had to deal with a bunch of Short Calls to relieve Margin pressure. So I did a big rollup.
Bought to close SVXY Sep 16 2016 60.0 Calls @ 14.65
Sold SVXY Jan 19 2018 90.0 Calls @ 15.55

Cash flow positive and much less expensive to carry with the stock in the low 70’s.

My new long term short calls will give me some cover once I return to selling SVXY puts again.
That won’t be for a while, but at least it’s out there.

$UVXY #CoveredCalls #IRA – these…

$UVXY #CoveredCalls #IRA – these are easy to roll if they go in the money (which I hope happens)
Sold UVXY AUG 12 2016 26.0 Calls @ 0.20
Sold UVXY AUG 12 2016 26.5 Calls @ 0.16
Sold UVXY AUG 12 2016 27.0 Calls @ 0.12
Sold UVXY AUG 12 2016 28.0 Calls @ 0.11

Sold UVXY AUG 19 2016 34.0 Calls @ 0.21

UVXY Bought back for .49…

UVXY Bought back for .49 Aug 19 25 call sold yesterday for .93
MUR closed Aug. 19 25/30 strangle for .45 that was sold for .90 on 07/29

Long Volatility

#VXXGame Inspired by @optioniceman‘s last post and the new VIX low, I am selling some SVXY calls for the first time in probably a year and also buying some VIX calls:

BTO $VIX Sept 20th 14 calls for 1.80
STO $SVXY Dec 95 calls for 3.50
STO $SVXY Jan ’17 105 calls for 2.50

Earlier:
BTC $UVXY Aug 19th 60 call for .02. Sold last Tuesday for .60
BTC $UVXY Aug 26th 58 call for .12. Sold Last Tuesday for 1.15

$VIX $SVXY – the VIX…

$VIX $SVXY – the VIX index is at 11.03. The 3 year low, going back to mid 2013 is at 10.28.
Don’t know what to make of this but I’m selling some SVXY stock around 74 and buying back my shortest term ITM covered Calls to get closer to an all cash position. I may be early, but there is little time premium left to be made on these covered call positions. Might as well cash out now.
I can always sell puts later.

SVXY

Sold to open December 85 calls @6.50

$UVXY

$UVXY STO Aug 19 $30 calls @ $0.40

SVXY

STO  September 9, 55 put @1.40 on 2 contracts.

UVXY sold Aug 19 25…

UVXY sold Aug 19 25 call for .93, was assigned from a 24 put that was profitable earlier last week. My cost basis is now 22.30. I have been under the impression that markets occasionally go down but I’m not so sure about that anymore.

SVXY roll

BTC August 19, 60 calls and STO December 70 calls for a credit of 0.25 cents.

SVXY

STO September 23, 58 put @2.70 to replace some of the puts that expired on Friday. I think this could get to 90 or 95 if the FED does nothing before the end of the year.

VXX reverse split

Posted this last week. Maybe effective after the close today? Not seeing it yet.

Next VXX Reverse Split (No. 8) —July 24th, 2024 2023

OPTION EXPIRATION, 8/5/16

$UVXY 30.0 CALLS
$UVXY 28.50 CALLS
$UVXY 31.5 CALLS
$UVXY 30.5 CALLS
$UVXY 25.5 CALLS
$UVXY 25.0 CALLS
$WLL 9.0 CALLS
Have a great weekend everyone.

#OptionsExpiration

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

Expirations, I know I am early but it is boring and I am going to the gym.

SVXY

35 puts

40 puts

45 puts

50 puts

55 puts

#OptionsExpiration

VXX…destiny

http://sixfigureinvesting.com/2013/08/next-vxx-reverse-split/

SVXY Call spreads Sept 16,…

SVXY Call spreads Sept 16, 80/85 at 1.10

SVXY

STO December 85 calls @5.30

$SVXY #CoveredCalls #Rollup – another…

$SVXY #CoveredCalls #Rollup – another rollup I didn’t think I would have to make.
Bought to close SVXY Aug 5 2016 68.0 Calls @ 1.98 with the stock at 69.92
Sold SVXY Sep 9 2016 70.5 Calls @ 4.84.
At least this new strike price is above the YTD high of 70.15 reached this morning.

$SVXY #CoveredCalls #Rollup – another…

$SVXY #CoveredCalls #Rollup – another rollup I didn’t think I would have to make.
Bought to close SVXY Aug 5 2016 67.0 Calls @ 2.98 with the stock at 69.93
Sold SVXY Aug 26 2016 69 Calls @ 4.22.
Earned all the time premium on the 67.0 calls, Raised the strike price 2 Points, and brought in 1.24 credit to pad my cash balance.
It’s all good as long as the stock keeps rising.

$SVXY #CoveredCalls #Rollup – one…

$SVXY #CoveredCalls #Rollup – one of many rollups I’m doing in various accounts for SVXY.
Bought to close SVXY Aug 5 2016 64.0 Calls @ 3.67
Sold SVXY Sep 23 2016 70.0 Calls @ 5.20 for a 1.53 Credit plus 6 points on the strike price.

This trade puts the new strike price above the YTD high on SVXY.

In this account I’m using a 3:1 overwrite strategy with an #OptionLadder approach. So if SVXY collapses again I’m not likely to get hurt to the downside unless the stock stays down for more than 6 weeks. For each individual week I only have calls outstanding on 50% of my long stock. I roll that position each week out to a week that I have no exposure in, at successively higher strike prices.

At some point I will start letting some of my stock go and switch to selling puts.

SVXY

STO December calls:

85 calls @3.60

90 calls @2.60

 

$UVXY #ShortCalls #VXXGame – Sold…

$UVXY #ShortCalls #VXXGame – Sold UVXY Aug 5 2016 33.0 Calls @ 0.24.
These expire Friday and are partially hedged by long stock

$UVXY

STO Aug 5 $31.5 calls @ $0.35

#vxxgame