$UVXY #CoveredCalls #Rollup – all the premium is gone from this weeks calls –
Bought to close UVXY Oct 27 2017 18.0 Calls/Sold UVXY Nov 3 2017 19.0 Calls @ 0.34 Credit
Recent Updates Page 384
AAOI using some strength
To thin the herd a bit before upcoming earnings.
Bought to close $AAOI Nov 30 puts @ .66. Sold for 1.20 on 9/20.
$CELG #ShortPuts #FallingKnife – Sold…
$CELG #ShortPuts #FallingKnife – Sold 1 CELG Jun 15 2018 65.0 Put @ 1.30 with the stock at 95.90
#spxcampaign Sold to open Nov…
#spxcampaign Sold to open Nov 17th 2500/2475 BuPS for 1.25 with SPX @ 2581.29 Late on getting this one in. Maybe should have waited until Monday.
I have nothing for expiration. Catch you Monday Have a great weekend.
$UVXY #ShortPuts #Rolldown – rolled…
$UVXY #ShortPuts #Rolldown – rolled a smallish put sale down a couple of points while taking a small gain on the original position.
Bought to close UVXY Oct 27 2017 16.0 Puts/Sold UVXY Nov 10 2017 14.0 Puts @ 0.06 Credit
$NOV #ShortPuts – Bought to…
$NOV #ShortPuts – Bought to close NOV Nov 17 2017 28.0 Puts @ 0.01. They won’t trade any lower.
Sold in May 2017 at 1.21 as a #FallingKnife trade.
FB covered call
#CoveredCallCampaign BTC $FB Oct 27th 177.5 covered call for .15 to avoid possible assignment. Sold for 1.35 on Oct 6th. Now into earnings. Carrying stock and selling calls against it. This one was so low for so many days that I almost forgot about it.
rolls, expirations, etc.
Expiring WDC 85 puts and 82 puts across several accounts. The 85 had been rolled for a few weeks so will free up a lot of margin.
EOG btc 11/3 and 11/10 puts for 0.57 and 0.60. Sold for 1.05 and 1.01. This was to open more margin. Will be taking delivery of GILD if it does not rebound next week and wanted a little extra cushion.
SWKS btc 11/17 98 puts at 1.15, sold for 1.3. Mostly to open more margin. By the end of the day it was down to 0.6, should have waited.
WDC rolled 85 and 86 calls to next week for 1, 1.09, 0.95 and 0.92 over various accounts. Was going to let them get called out but with the pullback can keep the atm spitting out free $. WDC is now my best ticker for the year. Surpassed TSO and XBI a few weeks ago.
Rolled WDC 82 puts to next week 84.5 for 0.88 credit.
SVXY a bunch expiring this week, all were 80 or lower strikes.
That leaves me short GILD puts at 77.5, 78 and 79. It is rebounding now but the math says I can break even quicker by taking the stock and converting to CC than trying to roll the puts. Current prices show a call side skew, very slight but I can be closer to the money and bring in more premium instead of rolling the puts for 0.25 or lower. 3-4 weeks out ATM about $2.
Great trading week, new record for most income in a month trading over the last 4 weeks. Hopefully we keep some volatility the rest of the year.
Have a good weekend!
Guess I would need 20 more positions to equal an @optioniceman expiration…….
$AKAM #ShortPuts – Bought to…
$AKAM #ShortPuts – Bought to close AKAM Nov 17 2017 40.0 Puts @ 0.01. They won’t trade any lower.
Sold in May 2017 at 1.22 as a #FallingKnife trade.
SVXY roll
#VXXGame #StrangleRoll
BTC $SVXY March 104 call for 18.40.
STO $SVXY March 85/122 strangle for 19.35
Also, earlier, sold $VXX Nov 17th 38 put for 4.00.
SPX another reverse roll
#spxcampaign
Closed $SPX Nov 8th 2585/2610 call spreads for 7.45. Sold for 3.50 on Wednesday.
Sold Nov 8th 2580/2560 put spreads for 6.15.
Also:
Sold Nov 24th 2625/2650 call spreads for 1.75.
Have a nice weekend
I have no expirations so I am signing off for the rest of the day. Good luck to everyone and I will be back on Monday.
CVS
STO May 50 puts @.65 with the stock at 69.17
VIX Indicator
#VIXIndicator… the Upside Warning never got canceled during this week’s volatility, and it’s coming through again now. A VIX close below 9.98 would be a new confirmation of the Up warning (as if we can’t just look at another all-time high to know that already).
REGN
#CoveredCalls – Booking this one since the next one was already sold…
Bought to Close REGN NOV 3 2017 437.5 Call @ .30 (sold for 4.50)
AMZN
#Earnings – Closed iron flies to avoid exercise fees and taking .78 loss…
Bought to Close AMZN OCT 27 2017 990.0/1000.0/1010.0 Iron Flies @ 10.03 (sold for 9.25)
GILD
STO February 65 put @1.55
$VIX dropping as expected, but…
$VIX dropping as expected, but /VX holding a bid so $UVXY and $SVXY not moving as much as you might expect.
WYNN
#ShortStrangles – Just for simplicity and to keep the theta up a little rolling ITM short puts out to where the 130 short calls are sitting.
Rolled WYNN NOV 3 2017 152.5 Puts to NOV 17 2017 152.5 Puts @ .97 credit.
Position is now 152.5/130 inverted strangles @ 19.95. Leaning towards taking the stock at a basis of 132.55 and rolling the 130 calls up and out. Turning it into a covered call play…
REGN
#CoveredCalls -Trailing stop on next week’s so going ahead and selling earnings now since stock looks weak…
Sold REGN NOV 10 2017 425.0 Call @ 6.50
AMZN
#LongCallDiagonals – Rolling the front month…unfortunately. Talk about capping your gains… 😦
Rolled AMZN OCT 27 2017 990.0 Call to DEC 15 2017 1000.0 Call @ 1.29 credit.
Picking up another 11.29 of upside. I guess the short call can be treated as a trailing stop now. Probably able to roll it up 10 points a month for close to even. If AMZN levels off hopefully I can catch up to it eventually.
SPX reverse roll
#SPXcampaign Soon after the open, closed $SPX Oct 31st 2575/2600 call spreads for 3.50. Sold for 3.05 on Wednesday.
Sold to open Oct 31st 2565/2540 put spreads for 3.70.
Also, in pre-market, closed on GTC order: Nov 3rd 2480/2455 put spreads for .40. Sold for 1.55 on Oct 6th.
$GILD #ShortPuts #FallingKnife – Sold…
$GILD #ShortPuts #FallingKnife – Sold 1 GILD FEB 16 2018 65.0 Put @ 1.57
$NUGT #ShortPuts – adding a…
$NUGT #ShortPuts – adding a few speculative positions with the stock at 28.52.
Sold NUGT Nov 17 2017 25.5 Puts @ 0.61
Sold NUGT Dec 1 2017 24.0 Puts @ 0.64
HIMX
#LongCallDiagonals – Rolling the front month…
Rolled HIMX OCT 27 2017 10.0 Calls to NOV 10 2017 10.5 Calls @ .10 credit
Picking up another 60 cents of upside…
SPCX #spxcampaign Sold to open…
SPCX #spxcampaign Sold to open Nov 10th 2500/2475 BuPS for 1.30. with SPX at 2568.88
WHR
STO June 125 put @ 2.80
AMZN call
#CoveredCalls On the big move, sold $AMZN Dec 15 1150.00 call @ 5.50
Short Puts $WDC Early Assignment $T SPX Campaign Closed Early $BA
#shortputs
$WDC STO 11/17 85 puts @ 1.60 Thank you @fuzzballl
#earlyassignment
$T 10/27 35 put Basis 34.45
#spxcampaign
$SPX STO 11/8 2555/2580 BUPS @ 10.50 Thank you @jeffcp66
#shortcalls
Closed Early
$BA BTC 11/17 280/270 BECS @ 55% profit
$DUST #CoveredCalls – using more…
$DUST #CoveredCalls – using more strength in DUST to roll my covered calls up for a credit.
Bought to close DUST Oct 27 2017 27.5 Calls/Sold DUST Nov 3 2017 28.5 Calls @ 0.20 Credit.
I made a bit on this weeks’s calls and bumped my exit price by 1.20.
$NUGT #ShortCalls – Bought to…
$NUGT #ShortCalls – Bought to close 1 NUGT Nov 17 2017 60.0 Call @ 0.01.
Originally sold on 08/31/2017 at 1.45.
$COP #ShortPuts – Bought to…
$COP #ShortPuts – Bought to close 1 COP NOV 17 2017 40.0 Put @ 0.01.
Originally sold on 04/21/2017 @ 1.21
VIX Indicator has been updated
Click “Home/REFRESH” to update right-column features. The VIX managed to eke out a gain on the day, keeping the uptrend in tact.
$HES #ShortPuts #FallingKnife – Sold…
$HES #ShortPuts #FallingKnife – Sold 1 HES MAY 18 2018 32.5 Put @ 1.15
UVXY
Based on the good after hours earnings, I’m taking a shot.
STO UVXY Oct 27 $17 calls @ $0.52 expire tomorrow.
VXX game
#VXXGame My #LongPutDiagonals have my account leaning short volatility. This means it costs me to sell volatility, but credits me to buy it. I cleared a couple short positions to preserve powder for more spikes:
BTC $SVXY Dec 15th 47.5 put for .89. Sold in May as part of a strangle for 12.90, pre-split.
BTC $UVXY Dec 15th 91 call for .39. Sold yesterday for .725
AMZN double beat
Amazon (NASDAQ:AMZN): Q3 EPS of $0.52 beats by $0.49.
Revenue of $43.74B (+33.7% Y/Y) beats by $1.6B.
Stock hitting 1050 in the a/h.
SPX trades
#SPXcampaign Compared to yesterday, quiet day. I rolled a couple of call spreads that I closed yesterday. I am now short term bearish but not hugely so.
Sold Nov 10th 2565/2590 call spreads for 10.80
Sold Nov 10th 2535/2560 call spreads for 18.90
Closed Nov 8th 2560/2535 put spreads for 6.10. Sold yesterday for 7.45.
Adding ALXN
Sold $ALXN May 18 2018 90 put @ 1.90
I’m also short Jan 85 and 60 puts.
AGNC
#FallingKnife – Good divvy down here…no position
WDC earnings
#Earnings – Not really seeing anything for tomorrow that I like so letting out the leash a little. These should have a little bit of volatility collapse anyway. Selling down around the 200 ma.
Sold WDC NOV 17 2017 85.0 Puts @ 1.55
AAOI
#CoveredCalls – Got a breakeven stop set on next week’s so selling earnings week too. Big risk here is a buyout and the stock spikes to 100…
Sold AAOI NOV 10 2017 44.0 Calls @ 1.10
#earnings GOOGL Nov. 17 IC…
#earnings GOOGL
Nov. 17 IC followed from TT 967.50/970/1020/1022.50 for 1.86. His trade was for tomorrow, I’ll be driving all day, try not to trade from my phone at 80 mph heh heh
UVXY interesting trade made today….
UVXY interesting trade made today. Someone bought 1250 Jan’18 $10 puts @ $0.82.
Corn futures?
#Futures – I must be bored but corn ( /ZC ) sure looks like it’s ready to go higher. Pretty tight daily squeeze after a big drop.
EXR
Another storage stock not very well liked today
STO June 65 puts @ 2.15 with the stock at 76.78
STO June 60 puts @ 1.35 also
ORLY up now
Helluva intraday reversal. After opening down over 12 points, at 190, it’s now around 209, with a bullish candle that is engulfing the last 3 trading days. I’m still short 220 puts in Nov from a rollout which are underwater but looking quite a bit better than a couple of hours ago.
GWW put hedge
Sold $GWW Nov 17 185 puts @ 2.00, against the short Nov 17 200 calls I’m holding that have gone back in the money with the stock looking strong again today.
PSA
STO June 150 put @1.75 on 1 contract. Hat tip to Fuzzball for the idea.
PSA
#ShortPuts #IRA – Sold PSA JUN 15 2018 160.0 Put @ 2.50
This would get the stock at 157.50 raising the divvy yield to 5.1%
DIS Whiz style
#SyntheticStock #IRA – 2020 LEAPS out so plenty of time to sell the crap out of this one. Earnings in a couple weeks so some good premium to get started with…
Synthetic stock in Jan 2020 for .58 credit:
Sold DIS JAN 17 2020 100.0 Puts @ 11.65
Bought DIS JAN 17 2020 100.0 Calls @ 11.07
Applying the .58 credit to help buy the disaster puts:
Bought DIS JAN 17 2020 90.0 Puts @ 7.18
In the 2020 position for 6.60 debit. Disaster puts are 10 points under the synthetic so max risk in the entire trade is 16.60. Should easily sell 4 to 5 times that much in front month weeklies if DIS goes nowhere and the trade runs the full 116 weeks. That works out to only needing to sell 14 cents a week to cover max loss.
So:
Sold DIS NOV 3 2017 99.5 Calls @ .36
#Earnings BIDU – puts at…
BIDU – puts at the expected move still 2.40
EXPE – decent premium
WDC – Up on the back of STX rally
Leaning towards WDC strangles of some sort…
No soup for you!
#OffTopic I follow simpleroptions.com and use the name “Optionsbistro-Jeff” in their chat room. When they answer my questions they usually say “Jeff.” Earlier this week John Carter mentioned “Options Bistro” when answering my question. The next day, I could no longer enter the word “bistro” as any part of my name. They’re a bit territorial over there, I guess!
SPX puts closed
#SPXcampaign Bought to closed $SPX Oct 27t 2525/2500 put spreads for .25. Sold for 1.45 on Oct 16th. These got up to 2.50 yesterday. Wanted to sell more but missed fill attempts before the bounce.
NSC earnings
#Earnings #ShortPuts BTC $NSC Oct 27th 130 puts for .35, near the open. Sold for 1.10 on Monday. After a day on the hole I’m clearing this one off early, mainly to release margin.
AMZN earnings
#Earnings The 30-point ATM #IronButterfly is going for about 25.00 right now (940/970/1000). That would allow a 2.6% move for breakeven. Here are its one day moves last 12 quarters. Quieter lately as stock price has gotten much higher.
July 27, 2017 AC -2.48%
April 27, 2017 AC 0.71%
Feb. 2, 2017 AC -3.54%
Oct. 27, 2016 AC -5.13%
July 28, 2016 AC 0.82%
April 28, 2016 AC 9.56%
Jan. 28, 2016 AC -7.60%
Oct. 22, 2015 AC 6.22%
July 23, 2015 AC 9.79%
April 23, 2015 AC 14.13%
Jan. 29, 2015 AC 13.71%
Oct. 23, 2014 AC -8.34%
WHR
STO April 125 put @1.95
Hat tip to Iceman
What do y’all think of…
What do y’all think of a GOOGL Iron Fly- 1000/980/1000/1020 Nov 3rd – 18.00 credit
PSA
#FallingKnife with nice divvy…
FFIV earnings
#Earnings #ShortStrangles – Decent earnings season so far…sold 11 minutes before the close and closed 3 minutes after the open. My kind of trade!
Bought to Close FFIV OCT 27 2017 115.0/130.0 Strangles @ .10 (sold for 2.40)
🙂 🙂
CELG-On the big move down this morning
Sold:
$CELG Dec 15 90 puts @ 2.00
$CELG Apr 20 75 puts @ 1.55
Good Morning
It looks like CELG is getting crushed again.
Closed Early SPX Campaign VXX Game
#spxcampaign
Closed Early
$SPX BTC 10/27 2575/2550 BECS @ 9.25 STO 10/16 @ 12.50 Thank you @jeffcp66
Trade
$SPX STO 11/22 2445/2470 BUPS @ 1.90
$SPX STO 11/24 2425/2450 BUPS @ 1.50
$SPX STO 11/22 2550/2525 BECS @ 20.30 Thank you @jeffcp66
#vxxgame
$SVXY STO 11/17 70 put @ 1.20 Thank you @jdietz1954
ES Moves at last…
A Nice move in ES Today finally…
SVXY #Shortputs Bought to close…
SVXY #Shortputs Bought to close Oct 27th 75 Put @ .04. Filled after the close.
$VIX /VX – the VIX…
$VIX /VX – the VIX index and the VIX futures gave it ALL back by day’s end. VIX up 0.07 and futures up only 0.10
Expect SVXY to rise tomorrow and UVXY to revisit it’s old low soon.
$WHR #ShortPuts #FallingKnife – adding…
$WHR #ShortPuts #FallingKnife – adding on
Sold 1 WHR APR 20 2018 125.0 Put @ 2.05
Sold 1 WHR JUN 15 2018 125.0 Put @ 2.84
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Nov 03 2017 79.0 Puts @ 1.17
$SVXY #CoveredCall – Sold 1…
$SVXY #CoveredCalls – Sold 1 SVXY Nov 10 2017 111.0 Call @ 1.09.
It seemed like a good idea after all the SVXY Puts and UVXY Calls I sold today.
Good night
It has been great today and let us hope for more volatility this week. I am off to the gym and tread mill.
FFIV earnings
#Earnings #ShortStrangles – Out of AVGO earlier so now there’s room to take a shot at this one…
Sold FFIV OCT 27 2017 115.0/130.0 Strangles @ 2.40
Skewed slighly bullish with an expected move of 7.01 with stock at 118.90
Rolling $M
Been deep in the money for a while but I’m able to continue rolling this at the same strike, collecting a credit.
Rolled $M Nov 17 27 puts out to Dec 15 27 puts for .35 credit. Total premium taken in so far is 2.25 so my cost basis is down to 24.75.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY NOV 3 2017 74.0 Puts @ 0.85
$DUST #CoveredCalls – using a…
$DUST #CoveredCalls – using a little bit of strength in DUST to roll my covered calls up for a credit.
Bought to close DUST Oct 27 2017 27.5 Calls/Sold DUST Nov 3 2017 28.0 Calls @ 0.25 Credit.
I made a little on this weeks’s calls and bumped my exit price by 0.75.
$SVXY #ShortPuts #IRA – Keeping…
$SVXY #ShortPuts #IRA – Keeping my timeframe short
Sold SVXY Nov 3 2017 69.0 Puts @ 0.41
Sold SVXY Nov 3 2017 68.0 Puts @ 0.41
Sold SVXY Nov 10 2017 60.0 Puts @ 0.51
