$SVXY #CoveredCalls #VXXGame – more calls sales today –
SVXY JUN 24 2016 61.0 Calls @ 0.65 – these expire in 4 more days
SVXY JUL 22 2016 65.0 Calls @ 2.00
SVXY JUL 29 2016 66.0 Calls @ 2.00
Category Archives: VXXGame
$SVXY #CoveredCalls #VXXGame – since…
$SVXY #CoveredCalls #VXXGame – since 100% of my short SVXY calls for last week expired worthless, I’m replacing those positions with the following #OptionLadder.
All of the strike prices are above the YTD high on the stock, so they are likely to expire as well.
SVXY JUL 1 2016 67.0 Calls @ 0.45
SVXY JUL 8 2016 67.0 Calls @ 0.76
SVXY JUL 15 2016 67.0 Calls @ 1.15
SVXY JUL 22 2016 67.0 Calls @ 1.10
SVXY JUL 29 2016 67.0 Calls @ 1.45
$SVXY
STO July 65 Calls @ 1.55 against long stock. Replacing some of the calls that expired Friday. Rest to be covered after Brexit unless there is a breakout on the polls or rumor or talking head predictions.
SVXY
STO December 30 put@2.25
January 2017, 25 put@1.55
SVXY
In an IRA sold covered call. August 19, 65 call @3.30
SVXY
STO December
31 put @2.40
32 put @2.60
$NUGT $SVXY
Since I had a couple of weeks of travel planned over the past 3 weeks, I purposely didn’t add new positions and let my existing ones burn off. Today, I’m beginning to add a few positions. Not optimal time/premium (that happened last week while I was gone) but I want to get a little more exposure on the books.
$SVXY STO July 15 $40 puts @ $0.90
$NUGT STO June 24 $140 calls @ $0.90
$NUGT STO July 1 $60 puts @ $0.75
$NUGT STO July 1 $175 calls @ $0.95
Have the following orders in:
$NUGT July 15 $60/$175 strangles
$NUGT July 22 $55/$175 strangles
UVXY and NUGT
#VXXGame STO UVXY July 8th 11 put for 1.51
STO UVXY July 22nd 10 put for 1.40
#ContangoETFs STO NUGT July 22nd 55 put for 2.50
#Options Expiration Full Profit $SPX…
#Options Expiration
Full Profit
$SPX 2155/2130 BECS
$SPX 2025/2000 BECS
$BA 135/130 BECS
$GOOGL 670/680 BUPS
$ABX 17 Put
$RLYP 14 Put
$CSAL 25 Put
$ETP 36 Put
$MGM 24.50 Put
$NUGT 45 Put
$NUGT 62 Put
$NUGT 50 Put
$SVXY 30 Put
$DRII 25 Call (covered) Will write again
$BOIL 15 Call (covered) Assigned Out of stock after 18 months of writing calls. Still lost
$FCX 12 Call (covered) Will write again
$OAS 11 Call (covered) Will write again
$ALNY 60 Call (covered) Will write again
$FE 33 Call (covered) Will write again
$CNX 16 Call (covered) Will write again
Assigned
$ETE 13.5 Put
$SQ 13 Put
$RLYP 16 Call
Total Losses
$CTRP 47.5/50 BUCS
$XLE 70 Call
$EDU 43 Call
Lesson not learned YET:
Learn not to be a pig and do not buy calls!
#Options expiration- a big one today
— Expirations —
AAPL Jun 17 2016 100 Calls
CNX Jun 17 2016 15 Calls
CF Jun 17 2016 25 Puts
DUST Jun 17 2016 13 Calls
DUST Jun 17 2016 20 Calls
DUST Jun 17 2016 22 Calls
ESV Jun 17 2016 10 Puts
JWN Jun 17 2016 35 Puts
JWN Jun 17 2016 40 Calls
M Jun 17 2016 28 Puts
MOS Jun 17 2016 22.5 Puts
NRG Jun 17 2016 9 Puts
NUGT Jun 17 2016 40 Puts
NUGT Jun 17 2016 46 Puts
NUGT Jun 17 2016 52 Puts
NUGT Jun 17 2016 53 Puts
NUGT Jun 17 2016 54 Puts
NUGT Jun 17 2016 55 Puts
NUGT Jun 17 2016 74 Puts
NUGT Jun 17 2016 75 Puts
NUGT Jun 17 2016 76 Puts
NUGT Jun 17 2016 78 Puts
NUGT Jun 17 2016 79 Puts
NUGT Jun 17 2016 80 Puts
NUGT Jun 17 2016 81 Puts
NUGT Jun 17 2016 82 Puts
NUGT Jun 17 2016 83 Puts
NUGT Jun 17 2016 84 Puts
NUGT Jun 17 2016 85 Puts
NUGT Jun 17 2016 120 Calls
NUGT Jun 17 2016 125 Calls
NUGT Jun 17 2016 130 Calls
NUGT Jun 17 2016 155 Calls
SVXY Jun 17 2016 20 Puts
SVXY Jun 17 2016 23 Puts
SVXY Jun 17 2016 35 Puts
SVXY Jun 17 2016 42 Puts
SVXY Jun 17 2016 43 Puts
SVXY Jun 17 2016 44 Puts
SVXY Jun 17 2016 44.5 Puts
SVXY Jun 17 2016 45 Puts
SVXY Jun 17 2016 46 Puts
SVXY Jun 17 2016 49 Puts
SVXY Jun 17 2016 60 Calls
SVXY Jun 17 2016 61 Calls
SVXY Jun 17 2016 62 Calls
SVXY Jun 17 2016 63 Calls
SVXY Jun 17 2016 65 Calls
SWN Jun 17 2016 14 Calls
SWN Jun 17 2016 7 Puts
SWN Jun 17 2016 9 Puts
UVXY Jun 17 2016 18 Calls
UVXY Jun 17 2016 19 Calls
UVXY Jun 17 2016 20 Calls
UVXY Jun 17 2016 80 Calls
UVXY Jun 17 2016 85 Calls
UVXY Jun 17 2016 110 Calls
VIAB Jun 17 2016 30 Puts
— Assignments —
DUST JUN 17 2016 13.0 Puts
FEYE JUN 17 2016 15.0 Calls – covered
SVXY JUN 17 2016 53.0 Puts
SWN JUN 17 2016 13.0 Calls – covered
UVXY Jun 17 2016 20 Puts
#OptionExpiration for June 17th
Expiring
SVXY 62 Call
SVXY 65 Call
CSAL 25 Put
MAIN 29.73 Put
XME 24 Call
Assigned
SVXY 51 Call
XOP 35 Call
Have a great weekend all.
$SVXY
Rolled June 17th 51 Call out and up to July 15th 60 Call for 1.10 credit
Expirations
NUGT 40 puts
SVXY 40 puts
SVXY 40.5 puts
SVXY42 puts
SVXY 50 puts
Options Expiration June 17, 2016
#OptionsExpiration — I am bearish moving into the remainder of the month, but especially early next week as fears about Brexit gain more steam… Yesterday’s murder in the UK actually calmed the markets, as morbid as that sounds, but as the vote draws closer I believe volatility will remain, but then possibly calm after the Thursday vote finally happens. But in any case, I will be selling both sides of SPX.
— Expiring —
FB 110 covered put
NUGT 65, 70, and 72 puts
UVXY 19 and 30 calls
SPX 1940/1915 put spreads (expired at the open)
SPXPM 2000/2020/2100/2120 iron condors (expired at the close)
#OptionsExpiration for June 17 Expiring:…
#OptionsExpiration for June 17
Expiring:
$AAPL 06/17/2016 80.00 puts
$AAPL 06/17/2016 87.50 puts
$ABBV 06/17/2016 61.50 calls (covered)
$APA 06/17/2016 60.00 calls (covered)
$CELG 06/17/2016 90.00 puts
$JWN 06/17/2016 35.00 puts
$RIG 06/17/2016 8.00 puts
$NFLX 06/17/2016 110.00 calls
$NUGT 06/17/2016 157.00 calls
$SVXY 06/17/2016 60.00 calls
$SVXY 06/17/2016 65.00 calls
$SVXY 06/17/2016 35.00 puts
$SVXY 06/17/2016 44.50 puts
$TSLA 06/17/2016 85.00 puts
$X 06/17/2016 13.00 puts
Assignments:
$LNKD 06/17/2016 140.00 calls—stock being called away
Have a great weekend everyone.
UVXY puts gone
#VXXGame BTC UVXY June 17th 18 put for 4.18. Sold for 1.95 on March 3.
BTC UVXY June 17th 15 put for 1.22. Sold for 1.30 on march 18th.
BTC UVXY June 17th 14 put for .22. Sold for 1.26 on April 6th
I will look to replace these next week, with calls if market is down, puts if market is up.
SVXY
STO September 35 put @2.50
I did not think I was going to have any trades today.
$UVXY rolled June 17 12…
$UVXY rolled June 17 12 covered call to June 24 12 for a credit of .90, cost basis is now 9.82 for the shares
UVXY puts
#VXXGame BTC $UVXY June 17th 17 put for 3.01. Sold for 4.55 on 5/20. Got some more to unload but I doubt we’ll be seeing higher prices today.
$NUGT $UVXY $SVXY
As I was expecting based on what was happening last friday, looks like I missed out on very good opportunities to sell options this week while I was gone. Will look for a few opportunities today to make some small trades.
SVXY
With the DOW and SPX down you would expect the SVXY to be down more than it is. The largest open interest is at the 50 put and then the 52 put. I think they are trying to pin it above 50 and perhaps 52.
$UVXY #ShortPuts
Sold UVXY Jun 24 2016 9.5 Puts @ 0.13. The strike is below the recent all time low.
I’ve been selling calls for days so this is a small offset. Also if UVXY falls that far, my large SVXY stock position will be soaring.
$SVXY #Covered Calls – Sold SVXY Jul 8 2016 67.0 Calls @ 0.40
Sold SVXY Jul 15 2016 67.0 Calls @ 0.70
Strike prices are above the YTD high on the stock
SVXY Covered Calls
I used today’s bounce to sell $SVXY Jul 15 60 calls at 2.00 and 2.10. Replaces covered call positions I closed out yesterday.
SVXY
STO SEPT 16, 35 put @2.50, adding small to my position. I was trying to sell 31,32,33,34, puts but only got one fill on the 34 puts.
SVXY
STO July 1, 35 put @0.80
$UVXY #Longstock – Sold a batch of long stock at 17.06 today. A smallish gain on the trade.
Trying to buy back this week’s strike 18 calls at a penny since I don’t need them anymore.
SPX,SVXY
Trying to keep things in perspective. From the recent high the SPX is down 3.2% and the SVXY is down 27.5%. There sure is a lot of volatility out there.
SVXY
STO September 34 put@3.10
UVXY puts coming in
#VXXGame I have been rolling underwater UVXY puts for weeks… in the end I would up really heavy on June 17th expiration, being short 18,17,15,14,13, and 12 puts expiring tomorrow. Imagine my luck that this is the week of the volatility pop!
BTC $UVXY June 17th 15 put for .40. Sold for 1.30 in March. Will scale out of more today and tomorrow, rolling anything that remains underwater.
$SVXY sold a July 15…
$SVXY sold a July 15 37 put for 1.15 thanks to SVXY traders
SVXY
STO July 8, 40 put @1.35
SVXY
STO July 1, 40 put @0.95
$SVXY
Sold July 08th 40 Put @ 1.35 with $SVXY @ 51.99 I will take assignment here.
Closing some SVXY covered calls
I’m taking these close to the money positions off at a profit before the FOMC statement, in the event a big swoon in volatility spikes SVXY and takes me out on Friday. I’m still short the 60 and 65 covered calls which I will let go if it gets that high. I’m also short 35 and 44.50 puts for this week’s expiration.
Bought to close $SVXY Jun 17 53 calls (covered) for .76-.80 (sold for 1.30)
Bought to close $SVXY Jun 17 54 calls (covered) for .50 (sold for 1.40)
$VIX — http://www.zerohedge.com/news/2016-06-15/unprecedented-jump-vix
$VIX — http://www.zerohedge.com/news/2016-06-15/unprecedented-jump-vix
$SVXY
Rolled my June 17th 50 Put out to July 15th 45 Put for 1.60 credit. A break even on the July short Put position is around 2.40.
$UVXY $SVXY – so as…
$UVXY $SVXY – so as is normally it’s pattern, the VIX looks to have topped out and MAY be starting it’s elevator ride back down. UVXY topped out at 17 early yesterday morning. If it can’t exceed that by the end of the week, the advance is probably over. I’m glad I was as aggressive as I was selling calls. Unfortunately I didn’t liquidate any of my long stock.
At least SVXY is rising again. If it reaches 53 by Friday all my short puts for this week will expire. There was never any doubt that all the short calls I rolled into this week with strike prices in the 60’s would expire.
This was more of a…
This was more of a delta play vs a theta type trade. Taking it off now to cover margaritas for the week…LOL
Bought to Close SVXY DEC 16 2016 75.0 Call @ 3.00 (sold for 6.00)
No volatility here this week! 🙂 🙂 🙂
SVXY
One last one before I go run errands.
STO July 15, 30 put @0.80
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Sep 16 2016 30.0 Puts @ 2.25. Three months to expiration with a breakeven below the 52week low.
edited to include the strike price
SVXY
STO June 17, 40 put@.35
STO June 24 35 put@.70
That is it for me for today and probably the rest of the week.
$UVXY #CoveredCalls #VXXGame – Sold…
$UVXY #CoveredCalls #VXXGame – Sold UVXY Jun 24 2016 26.0 Calls @ 1.27.
This expires a week from Friday and is the highest available strike price
$UVXY #CoveredCalls #VXXGame – Sold…
$UVXY #CoveredCalls #VXXGame – Sold UVXY Jun 17 2016 20.0 Calls @ 0.85. These expire Friday
$UVXY #VXXGame Taking Iceman’s lead…
$UVXY #VXXGame
Taking Iceman’s lead on good strikes to sell, I sold $UVXY Jul 15 32 calls @ 1.72. Highest strike in July.
$UVXY #ShortCalls #VXXGame – sold…
$UVXY #ShortCalls #VXXGame – sold the following this morning
UVXY Sep 16 2016 115.0 Calls @ 1.00
UVXY Jan 20 2017 170.0 Calls @ 0.98
UVXY Jan 19 2018 115.0 Calls @ 4.25
$UVXY $VXX $SVXY – extreme…
$UVXY $VXX $SVXY – extreme moves today. After hours the moves have continued in the same direction.
I feel that we may be in for 5 to 10 more days of extreme volatility. But short calls on UVXY and VXX will ultimately work for those with patience and a lot of buying power. UVXY could double from here on a violent move but that would only take it to about 30.
Top of the chain UVXY Options which are available that I think would be good sales with acceptable premiums and low margin requirements:
July 15 32 calls
Sept 115 calls
Jan 170 calls
JMHO
$UVXY #ShortCalls #OptionLadder – why…
$UVXY #ShortCalls #OptionLadder – why average up a trade when you can keep raising the strike price.
Sold UVXY SEP 16 2016 90.0 Calls @ 0.84 at 15:03:31
Sold UVXY SEP 16 2016 95.0 Calls @ 0.84 at 15:22:33
Sold UVXY SEP 16 2016 100.0 Calls @ 0.84 at 15:23:09
Sold UVXY SEP 16 2016 105.0 Calls @ 0.84 at 15:23:46
Sold UVXY SEP 16 2016 110.0 Calls @ 0.84 at 15:27:49
I would have kept going but I had to run someone to the airport
SVXY
STO June 24, 37 put @.95
STO June 24, 36 put @.85
SVXY
STO July 29, 30 put @1.05
SVXY
STO July 29, 35 put @1.75
Stock market or Brexit controlling the VIX?
It could be that the VIX and market volatility in the coming days will not be controlled as much by the market moves as it will be by the polling on the Brexit vote. It has been running neck and neck and may continue to do so into June 23rd’s vote.
It is widely believed that the UK’s exit from the EU would cause economic pain and market volatility. The “Leave It” campaign has been gaining in the polls which is possibly the reason for what we’ve seen Friday and today.
This would help explain the explosion we’ve seen in the VIX price which is not matched in its extreme by the indices. SPX is down less than .5%, while VIX has been up over 16% two days in a row. The last time the VIX was up over 16% was on Jan 7th, when SPX dropped 2.37%.
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold UVXY SEP 16 2016 50.0 Calls @ 1.44
Sold UVXY SEP 16 2016 55.0 Calls @ 1.25
$UVXY @ShortCalls #ClassicVXXGame – Sold…
$UVXY @ShortCalls #ClassicVXXGame – Sold some small risk calls at the top of the chain with the stock at 13.50
Sold UVXY Jan 20 2017 170 Calls @ 0.50
Sold UVXY Jan 19 2018 115.0 Calls @ 3.40
UVXY still going up
Even with the bounce we’ve gotten on the SPX, VIX and UVXY barely retraced down at all.
Followed @Iceman on these just as the Warning was firing earlier.
STO UVXY June 17th 19 calls for .19
STO UVXY June 24th 22 call for .56
SVXY
STO June 24, 43 put @1.10
SVXY
STO June 17, 42 put @0.20
STO July 1, 44.5 put@1.85
STO July 8, 40 put @1.35
$SVXY #ShortPuts #VXXGame – some…
$SVXY #ShortPuts #VXXGame – some sales this morning. Maybe a bit early but they are all near term.
SVXY JUN 17 2016 42.0 Puts @ 0.20
SVXY JUN 17 2016 44.5 Puts @ 0.35
SVXY JUN 24 2016 44.5 Puts @ 1.05
SVXY JUL 1 2016 44.5 Puts @ 1.45
SVXY JUL 8 2016 44.5 Puts @ 1.80
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold UVXY JUL 15 2016 32.0 Calls @ 0.72. Adding on to my position
$UVXY #CoveredCalls #VXXGame – when…
$UVXY #CoveredCalls #VXXGame – when the stock opened at 13 this morning I sold the following –
UVXY JUN 17 2016 19.0 Calls @ 0.19 – these expire Friday
UVXY JUN 24 2016 22.0 Calls @ 0.54
UVXY JUL 1 2016 25.0 Calls @ 0.70 – highest available strike price
UVXY JUL 15 2016 32.0 Calls @ 0.55 – highest available strike price
UVXY JUL 22 2016 22.0 Calls @ 1.42 – highest available strike price
UVXY calls in 7/1
#VXXGame
Sold $UVXY Jul 1 (weekly) 25 calls @ .60
#OptionsExpiration #Jun10 #Weeklys – wild…
#OptionsExpiration #Jun10 #Weeklys – wild ride this week. No assignments. Next week’s monthly expiration is a big one.
— Expirations —
DUST (Weekly) Jun 10 2016 22 Calls (Covered)
NUGT (Weekly) Jun 10 2016 50 Puts
NUGT (Weekly) Jun 10 2016 55 Puts
NUGT (Weekly) Jun 10 2016 60 Puts
NUGT (Weekly) Jun 10 2016 72.5 Puts
NUGT (Weekly) Jun 10 2016 73 Puts
NUGT (Weekly) Jun 10 2016 74 Puts
NUGT (Weekly) Jun 10 2016 75 Puts
NUGT (Weekly) Jun 10 2016 135 Calls
SVXY (Weekly) Jun 10 2016 45 Puts
SVXY (Weekly) Jun 10 2016 65 Calls (Covered)
UVXY (Weekly) Jun 10 2016 30 Calls (Covered)
Expiration
All I have is:
SVXY 55 put
SVXY 53 put
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold UVXY Sep 16 2016 55.0 Calls @ 0.70 with the stock at 12.20.
$UVXY #ShortCalls #VXXGame – Sold…
$UVXY #ShortCalls #VXXGame – Sold UVXY Jul 15 2016 32.0 Calls @ 0.51 with the stock at 12.07.
Highest available strike.
#VXXGame Joining the party Sold…
#VXXGame Joining the party
Sold $UVXY Jul 15 32 calls @ .45. Highest strike in July.
VIX soaring
Pretty big VIX increase on the day, going through 2D Bollinger bands. Looks like biggest 1-day percentage increase of the year; but still short of the 25% needed to fire the Bistro VIX Indicator… 17.60 is that level.
If only I had bought the VIX future two days ago when I posted it!
VXX game day
#VXXGame Finally some action to offset my puts that have been underwater and ITM for weeks…
Following @Iceman…
STO UVXY July 1st 25 calls for .43
STO UVXY July 8th 22 calls for .60
STO UVXY July 22nd 22 calls for 1.00
$UVXY #ShortCalls #VXXGame – I…
$UVXY #ShortCalls #VXXGame – I continue to add these as volatility rises.
UVXY topped out at 11.70 today (so far)
Sold UVXY JUL 1 2016 25.0 Calls @ 0.40 – highest available strike
Sold UVXY JUL 8 2016 22.0 Calls @ 0.58 – highest available strike
Sold UVXY JUL 15 2016 24.0 Calls @ 0.63
Sold UVXY JUL 22 2016 22.0 Calls @ 0.95 – highest available strike
and finally … Sold UVXY Sep 16 2016 55.0 Calls @ 0.60
SVXY
STO September 35 puts @1.45 starting small but will add on a big decline.
$SVXY
Sold 1 June 24th 50 Put @ 1.05 when $SVXY was at 60.21. Wary of this market. Time for lunch and back to sitting on my hands. Helps the diet too. Ha!
$UVXY #ShortCalls #VXXGame #OptionLadder -…
$UVXY #ShortCalls #VXXGame #OptionLadder – sold a whole bunch of calls against existing long stock
UVXY JUN 24 2016 22.0 Calls @ 0.28
UVXY JUL 8 2016 22.0 Calls @ 0.39
UVXY JUL 15 2016 24.0 Calls @ 0.49
UVXY JUL 22 2016 22.0 CallS @ 0.66
UVXY SEP 16 2016 45.0 Calls @ 0.69
UVXY SEP 16 2016 50.0 Calls @ 0.61
$SVXY
STO Jul 1 $45 puts @ $0.80
STO Jul 8 $45 puts @ $1.05
SVXY
STO September 36 put @1.55
$SVXY #ShortPuts #VXXGame – selling…
$SVXY #ShortPuts #VXXGame – selling puts at strike prices up to 25% below the current price
Sold 1 SVXY Sep 16 2016 39.0 Put @ 2.05
Sold 1 SVXY Sep 16 2016 40.0 Put @ 2.20
Initial positions at these strikes.
Options Bistro 