#PostEarnings #ShortPuts
Bought to close $AAOI Sep 15th 55 puts for .20. Sold for 1.25 on Aug 4th. Had I remembered this GTC order was in, I would have taken it off and let it expire worthless.
Recent Updates Page 394
SPX trades
#SPXcampaign
Bought to close $SPX Sep 13th 2490/2465 put spreads for .20. Sold yesterday for 2.45
Sold to Open $SPX Sep 22nd 2475/2450 put spreads for 2.15.
Closing CBI
Taking this trade off for 75% of the premium over a month early.
Bought to close $CBI Oct 20 10 puts @ .10. Sold for .38 on 8/30.
UVXY
Final #LongPutDiagonals #SyntheticShort roll…
Rolled UVXY SEP 22 2017 29.0 Puts to OCT 20 2017 26.0 Puts @ .07 credit
$EFX #FallingKnife Sold $EFX Apr…
$EFX #FallingKnife
Sold $EFX Apr 20 2018 60 put @ 1.45. Lowest strike. I’ll add 1 contract at a time as the premium rises or lower strikes are added.
#xle btc @ 66.15 all…
#xle
btc @ 66.15 all out,giving up divi this Friday.
prob the reason 3 days on up swing.
out for small profit.
back to cash to start weekly straddles and csp selling.
bird in the hand etc…..
Continuing trade management on $REGN
Position had been adjusted to Sep 29 460/475 strangle. I just rolled the 460 puts out to Oct 20 for 4.20 credit. Leaving the Sep 29 475 calls for now.
$DUST #CoveredCalls – Sold DUST…
$DUST #CoveredCalls – Sold DUST Sep 22 2017 25.0 Calls @ 0.25 with the stock at 22.18.
Less that 8 trading days until expiration.
Rolling ITM
#VXXGame #LongPutDiagonals Most of us have long known the folly of selling puts on $VXX and $UVXY. It can work during volatile periods but as soon as market drifts higher, these go ITM very quickly. I’m rolling my diagonal weeklys to further dated but still ITM positions. The long term positions are fine, but as @fuzzballl says, these short-term puts won’t always be easy.
Rolled VXX Sep 22nd 45.5 puts to Oct 6th 44 puts for .02 credit
Rolled UVXY Sep 22nd 29 puts to Oct 6th 27.5 puts for .15 credit.
$AZO #ShortCalls – Sold 1…
$AZO #ShortCalls – Sold 1 AZO Sep 22 2017 660.0 Call @ 1.15.
Highest available strike price and the breakeven is above the top of the earning gap on 5/23.
$GWW #CoveredCalls – Sold 1…
$GWW #CoveredCalls – Sold 1 GWW OCT 20 2017 180.0 Call @ 1.80 with the stock at 166.80
$GWW #CoveredCalls – Sold 1…
$GWW #CoveredCalls – Sold 1 GWW OCT 20 2017 175.0 Call @ 3.10 with the stock at 166.65
$AZO #ShortCalls #OptionLadder – sold…
$AZO #ShortCalls #OptionLadder – sold these on this morning’s gap at 562.0 Paired with long term short Puts.
Sold AZO SEP 15 2017 580.0 Calls @ 0.40 – these expire Friday
Sold AZO SEP 22 2017 660.0 Calls @ 0.60
Sold AZO SEP 29 2017 660.0 Calls @ 0.90
VXX
Another #LongPutDiagonals #SyntheticShort roll of the front month sale. 2019 positions looking great…
Rolled VXX SEP 15 2017 45.0 Puts to VXX SEP 29 2017 43.5 Puts @ .25 credit
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close 1 UVXY Jan 18 2019 65.0 Call @ 10.90. Still have others to cover but lightening up with UVXY at a new low.
Sold this one on 08/10/17 at 14.50.
Pretty soon it will make more sense to add small lots of UVXY stock instead of covering these calls.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY Jan 19 2018 65.0 Call @ 3.90. Still have others to cover.
Sold this one on 08/09/17 at 8.00
NUGT
#LongPutDiagonals #IRA – Gonna go ahead and roll this now. 2019 #SyntheticShort looking good.
Rolled NUGT SEP 15 2017 40.5 Puts to SEP 29 2017 38.5 Puts @ even
#longcalldiagonals SVXY experiment week 4….
#longcalldiagonals SVXY experiment week 4.
The runaway train has my 76 call way ITM with only a few cents of time value left so rolled this week out to Oct 6 78 call for 0.50 credit. Probably need to roll it up to 90 but want to keep taking in credits and that was as close in time I could go and still take a decent credit.
Cost basis now 12.72 and 17.80 plus a few cents for commissions.
The profit graph is starting to look interesting now. No upside loss and my break even is now mid 60s. Will post later.
Open P/L $2063 in 4 weeks on 4.5 contracts so looks like this will work really well long term. Still have 60+ weeks for the trade to play out. Max risk is now none to upside and $1000 per contract to downside. Bring in another 2000 in premium and risk will be 0.
NYC Picnic I have been…
#SMMPicnic – The post below is from Jay over on SMM. No need to still be an SMM member.
NYC Picnic I have been posting about this for a few weeks. If you are interested in coming please get back to me so I can get an idea of how many of us there will be. Thanks below is my previous post
OT NYC Picnic – Oct 7th I think either at 12 or 1:00 in Strawberry fields Central Park – more direct info to follow – We usually meet up on 72nd street and Central Park West and walk in together. Please email me of your interest in going so we have a general idea of a head count if the weather is not good to move it indoors some where and so I have an email list for contacting you regarding the gathering. We have been very successful with these in the past and I think you will all enjoy meeting Dan and Gary and conversing with fellow traders and put a face to the names here. Please email me at aragorn555_2010@yahoo dot com.
Below is What Gary wrote previously
#NYC Picnic – SATURDAY, OCTOBER 7, 2017. Hey Team. We are all set for some fun in Central Park on Oct. 7, 2017. I’ll work with @Aragorn on specifics and let you know but we usually meet early afternoon and all bring lunch, lounge chairs, etc. So, SAVE THE DATE!!
Can’t wait to see all of you.
Off Topic
#IRMA – Offline all day as I slowly make my way south. Took a little time for some sightseeing today. I’m not necessarily a big college football fan but got a thrill today. Stopped in to snap a photo and ran into an Alabama fan. In spite of everything being closed we still found a way! LOL what a strange feeling in an empty stadium that must seat over 100k!
$MYL #CoveredCalls – Bought to…
$MYL #CoveredCalls – Bought to close MYL Oct 20 2017 45.0 Calls @ 0.01.
Originally sold on 04/26/17 at 0.65
Closing SIG
Bought to close $SIG Oct 20 45 puts @ .10. Sold for 1.25 on 5/12.
Closed Early/Long Puts/SPX Campaign
#closed
$SVXY BTC 9/15 75 put @ .20 STO 8/23 @ 3.60 Thank you volatility hunters
$FXI STC 1/19 35 call @ 9.50 BTO 3/6 @ 4.36
$AAPL BTC 9/15 140/150 BUPS @ 93% profit
$BABA BTC 9/15 140/155 BUPS @ 95% profit
$SPX BTC 9/13 2430/2455 BUPS @ .20 STO 8/31 @ 3.65 Thank you @jeffcp66 (hopefully downside warning will grab $SPX soon)
#longput
$EFX BTO 1/19/2018 120 puts @ 13.50 (OMM Trade) Seems sensible
#spxcampaign
$SPX STO 10/13 2560/2535 BECS @ 3.45 Thank you @jeffcp66
$UVXY #ShortCalls – Bough to…
$UVXY #ShortCalls – Bought to close 1 UVXY Dec 15 2017 65.0 Call @ 3.00 with UVXY at a new low.
Originally sold on 07/27/17 at 6.05, but I sold others all the way up to 13.60.
$UVXY
Following @optioniceman lead and taking some profits. Will reload on these on the next vol spike.
BTC Mar’18 $91 call @ $4.34, sold for $8.15
$AZO – it seems the…
$AZO – it seems the hurricanes have changed the prospects for the auto part stocks
SPX rolls
#SPXcampaign
Closed: Sep 18th 2495/2520 call spreads for 5.30. Sold in a #CondorRoll for 6.75 on Sep 1st.
#Rolling: Sold Sep 25th 2510/2535 call spreads for 3.50.
Selling Sep 22nd 2470/2445 put spreads for 2.50 (no fill yet)
Closed: Oct 6th 2520/2545 call spreads for 3.70. Sold for 1.70 on Sep 5th.
#CondorRoll: Sold Sep 15th 2455/2480/2505/2530 condors for 3.95. Trying to thread the needle for expiry on Friday.
$TGT #ShortPuts – Bought to…
$TGT #ShortPuts – Bought to close 1 TGT Oct 20 2017 45.0 Put @ 0.01.
Sold at 1.25 and I’m out a month early
$HES #ShortPuts – Bought to…
$HES #ShortPuts – Bought to close HES Sep 22 2017 34.0 Puts @ 0.01. They won’t trade any lower.
Originally sold at 0.53 on 8/21/17
$SVXY #CoveredCalls – Adding to…
$SVXY #CoveredCalls – Adding to my positions
Sold SVXY SEP 15 2017 82.0 Calls @ 1.02
Sold SVXY SEP 15 2017 82.5 Calls @ 0.85
Sold SVXY SEP 15 2017 83.0 Calls @ 0.62
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close 1 UVXY Mar 16 2018 60.0 Call @ 6.30.
My original sell price on this one was 12.30. One more of these left to go (sold at 14.00)
I’m also carrying short 82 call and short 91 calls as well.
Making this trade with the VIX at 10.29, so the timing is probably OK.
$SWN #ShortPuts – Bought to…
$SWN #ShortPuts – Bought to close SWN Sep 15 2017 6.0 Puts @ 0.24/0.22/0.20.
Originally sold at 0.56/0.53/0.49 in May 2017.
These are still in the money.
Closing NVDA strangle
Bought to close $NVDA Oct 6 150/185 strangle @ 1.22. Sold for 2.75 on 9/5. Thanks for the idea Fuzzy.
tt Research report for this week
http://tinyurl.com/yc5ld85f
$SVXY #ShortPuts #rollout Bought to…
$SVXY #ShortPuts #rollout Bought to close Sept 15th 80 Puts at 0.80 with $SVXY @ 81.86. Originally sold 8/24 for 11.36 off a roll. Taking Risk off.
SPX close and roll
#SPXcampaign I closed this yesterday afternoon and sold the roll this morning:
STOPPED: $SPX Oct 4th 2515/2540 call spreads for 3.60. Sold for 1.45 last Thursday.
#CondorRoll: Sold Oct 11th 2385/2410/2535/2560 condors for 3.75.
Also: In pre-market, sold Sept 13 2490/2465 put spreads for 2.45. Expires tomorrow.
REGN closed call
#ShortStrangles BTC $REGN 530 call for .20. Sold in the 430/530 strangle for 7.40 on Aug 23rd. My mistake was not closing the put during the rally above 500. I’m not going to roll the call down with the stock so low. If it rallies in the next week or so, I may sell a new call.
BBY stock for sale
#Earnings #Assignment #LongStock
Sold shares of $BBY for 56.50, and 56.75. Cost basis 56.44 from 57.5 put assignment on 9/1.
Covered Call premium not attractive enough to play with this one. I don’t trust the business either with Amazon devouring all retail in sight. Will sell out of remaining shares as it moves up or down from here.
SPX update
#SPXcampaign Rough day yesterday, not just because the market went against me but also because TOS has decided to crap out on my PC, freezing my trading at various points yesterday. Now I’ve got it up on my Mac and it’s running smoothly.
Too many stops and rolls to count yesterday. I’m weathering this drawdown as the last one… getting pretty short the market and holding it until we get a pullback. New all-time highs this morning and VIX plunging… I will be truing some short term put spreads as well as the rolls.
Any questions please forward them. I should post an updated chart tonight, but too many trades to type in here.
Anyone trading TQQQ or UPRO?…
Anyone trading TQQQ or UPRO? Triple bulls on the qqq and spy.
Good premiums and obviously they whip around a lot but that is the point.
May start another experiment with some of these if no one else trading. Possible ITM CC candidates or sell puts on weeklies then if assigned roll into CC with hope of getting called out.
My only concern is excessive volatility or a sustained down move. I guess then could set up a synthetic short if you were long the stock and buy a few extra puts or buy the inverse SQQQ or SDS.
Thoughts, anyone doing this already?
I tend to not follow any of the Gurus other than tastytrade but this is one chuck hughes is always selling covered calls on. a 4 DTE ATM options holds 1.50 of premium.
11 DTE is going for 2.50 mid point.
#OT @Fuzzball I hope you…
#OT @Fuzzball I hope you and all persons in Florida found safe harbor from Irma. My daughter and her beau and pupster bailed on Tallahassee Saturday afternoon getting in here at 2:30 AM Sunday. She showed me pictures of the grad students camped out in their offices at FSU. Things look better. I will hate to see her head back when she goes but it has been a blessing she was able to get here.
Closing Dec LRCX
Bought to close $LRCX Dec 15 125 put @ .90. Sold for 4.30 (thanks again @jsd501). Taking the 80% off more than 3 months early.
$SVXY #ShortPuts This morning rolled…
$SVXY #ShortPuts This morning rolled my Covered Sept 15th 85 Calls out to Sept 29th 85 Calls for 1.35 credit.
$SPX #SpxCampaign Afternoon all. This…
$SPX #SpxCampaign Afternoon all. This morning I opened an Oct 06th 2525/2545/2370/2350 Iron Condor for 2.10 credit when SPX was at 2480.81. I closed the 2340/2360 remaining Put side of the Sept 29th IC for 0.45.
VXX puts
#VXXGame #LongPutDiagonals
Sold $VXX Sept 22nd 44 puts for .73. Also short 47 and 45.5 puts. If rally continues tomorrow I will be looking to roll.
EFX
NUGT #shortcalls BTC Sept 15…
NUGT #shortcalls
BTC Sept 15 $35 call for $6.15, sold 8/28 for $3.55 early this morning . . . should have waited as prices fell fast, now $3.80 heck!
UVXY #shortcalls BTC Sept 15…
UVXY #shortcalls
BTC Sept 15 $32 call for 0.30, sold last Friday for $2.06
DUST
buy at $21.25
trying to roll Sept 15 $19 call to Sept 22 $23 put for even money.
$UVXY #ShortCall – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY Sep 15 2017 68.0 Call @ 0.01.
Originally sold on 08/10/2017 at 4.37.
Only in this trade 30 days.
$URBN #ShortPuts – Bought to…
$URBN #ShortPuts – Bought to close 1 URBN Sep 15 2017 20.0 Put @ 0.05.
It won’t trade any lower.
Originally sold on 03/08/2017 at 1.20.
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close 1 UVXY Jan 19 2018 65.0 Call @ 4.90. This is the first of many of these that I am covering. My average sell price is around 11.00.
I’m also carrying short 82 call and short 91 calls as well.
Making this trade with the VIX at 10.51, so the timing is probably OK.
$WDC
I’ve been doing one of Fuzzball’s “whiz” trades on $WDC… several weeks ago bought the Jan’19 67.5 call + sold the Jan’19 67.5 put + bought the Jan’19 62.5 put, the combo cost 22.50 at the time. Today I sold the WDC Sep22 90 call for 1.00. I am also short the 90 call for this week, sold last week for 0.91. I’m only trading 2 contracts (one per week), trying to get the hang of it all. So far it has been really easy to roll, the weekly premium seems decent. The stock has however seen some volatility recently as WDC is attempting to buy Toahiba’s chip unit. Just putting this out there as an idea, working well for me so far… y’all let me know what you think!
$SVXY #CoveredCalls – Adding to…
$SVXY #CoveredCalls – Adding to my positions
Sold SVXY SEP 15 2017 81.0 Calls @ 1.33
Sold SVXY SEP 15 2017 82.0 Calls @ 0.83
Sold SVXY SEP 15 2017 82.5 Calls @ 0.59
XBI ladder
rolled18 dte 76 put to 39 dte 78 put for 0.74 credit. Sold for 0.99 and it was down to 0.19.
@fuzzballl and @jsd501 you guys make it through the storm ok?
Closing $RH
Taking this off for 80+% of the potential profit.
Bought to close $RH Sep 15 75 calls @ .25. Sold for 1.50 on 9.7.
REGN adjustment
Rolled the 530 call (from the 9/29 460/530 strangle) down to 475 (22 delta) for 3.43 credit. Original trade was the 430/530 call. With rollups/rolldowns the remaining position is 9/29 460/475 strangle with the stock at 449.19. Breakeven on the downside is now 445.36.
#spxcampaign sto oct 11 2530/2550…
sto oct 11 2530/2550 call 1.70
sto oct 13 2535/2560 call 1.75
sto oct 11 2530/2550 call 1.60
20 spread giving 25 spread price and also some strikes not available.
VXX
#LongPutDiagonals – Trying not to let the weeklies get in too much trouble. Closing a batch at breakeven and selling more a little lower. Staying in this week…
Bought to Close VXX SEP 15 2017 47.5 Puts @ 1.95 (sold for 1.95)
Sold VXX SEP 15 2017 45.0 Puts @ .36
$UAA #ShortPuts – Bought to…
$UAA #ShortPuts – Bought to close UAA SEP 15 2017 17.5 Puts @ 0.31. Originally sold @ 0.66.
$HP #ShortPuts – Bought to…
$HP #ShortPuts – Bought to close 1 HP SEP 15 2017 45.0 Put @ 0.45. Originally sold at 1.25.
Still short December 40 puts.
$UVXY #ShortPuts – Bought to…
$UVXY #ShortPuts – Bought to close UVXY SEP 15 2017 25.0 Puts @ 0.01. This is the last of my puts on this stock.
$FLR #ShortPuts – Bought to…
$FLR #ShortPuts – Bought to close FLR SEP 29 2017 35.0 Puts @ 0.05. They won’t trade any lower.
Still 3 weeks until expiration.
Sold on 08/21/2017 at 0.60.
SPX calls sold
#SPXcampaign Sold to Open $SPX Oct 13th 2535/2560 call spreads for 1.50.
Two weekends in a row I got caught on the wrong side. Leaned bearish going into the weekend. It was NOT an Irma bet… I feel the market is still weak. But it seems weekend news (Korea then Irma) is highly influencing Monday action.
$SVXY #CoveredCalls – Re-selling covered…
$SVXY #CoveredCalls – Re-selling covered calls to replace positions that expired Friday with the stock at 79.40.
Sold SVXY SEP 15 2017 81.0 Calls @ 1.10
Sold SVXY SEP 15 2017 82.0 Calls @ 0.60
Sold SVXY SEP 15 2017 82.5 Calls @ 0.48
$HES #CoveredCalls – Sold HES…
$HES #CoveredCalls – Sold HES SEP 15 2017 41.5 Calls @ 0.20 with the stock at 40.31. These expire Friday
Econ Calendar for week of 9/11/17
#spxexpectedmove ending this Friday
ending this Friday
SPX Chart and VIX Indicator…
SPX Chart and VIX Indicator have been updated
OptionsExpiration
Hey gang, I was away from the market most of last week. Here’s what I had expire on Friday.
SVXY $55 puts
SVXY $67 puts
UVXY $38 calls
UVXY $40 calls
UVXY $75 calls
BTC $PETS Sept 15 $25 puts @ $.05, sold for $0.50
@jsd501 ….
Let us know how you’re doing if you see this…
I keep moving west. In a little town called Chipley Florida now. Hopefully that’s far enough. Good luck!!
Same as the other..Possible Drops…
Same as the other..Possible Drops if it happens..
Expired/Short Puts/SPX Campaign
#optionsexpiration
$SVXY 75 puts Thank you @hcgdavis
$MOMO 37 Puts
$SPX 2350/2375 BUPS Thank you @jeffcp66
#shortputs
$T STO 10/20 35 puts @ .75 Tasty Trade via @ramie77
#spxcampaign
$SPX STO 10/4 2540/2515 BECS @1.50
$SPX STO 9/18 2420/2445 BUPS @3.30 Thank you @jeffcp66
Pray for out Texans and Floridians especially dear Fuzzy.
SPX Chart…
Options Expiration for 9/8
$SVXY Sep 8 50 puts
$SVXY Sep 8 60 puts
$UVXY Sep 8 60 calls
$UVXY Sep 8 64 calls
If you’re anywhere near that monster Irma please stay safe. Hoping for some change in direction. There’s also that jerk Jose right on her heels.
