$SVXY #ShortPuts #OptionLadder – watching my SVXY Sep 8 2017 76.0 Puts expire. Replacing them.
Sold SVXY Oct 6 2017 65.0 Puts @ 2.11.
Recent Updates Page 395
$SVXY Sold to open Oct…
$SVXY Sold to open Oct 20th 60 Puts @ 2.20 when SVXY was at 76.76 around noon.
#OptionsExpiration I have none for this week as I closed all to take risk off. Have a very grand weekend and to all those in Florida and the south east coast please stay safe. My daughter is hunkering down in Tallahassee with a bunch of other grad students. Hurricane party weekend. Which might be better than trying to make the run to NC. Fuzzball, hope you got parked in a secure spot. Later
#OptionsExpiration #Weeklys #Sep8 – a…
#OptionsExpiration #Weeklys #Sep8 – a pretty calm expiration Friday. Too bad Oil stocks pulled back after rising all week. I would have liked to get rid of some HES stock.
Ending up long some DUST after many rolldowns but short a whole bunch of January Calls left over from the last big move up in the stock so I’m partially hedged already.
— Expirations —
HES (Weekly) Sep 8 2017 41 Calls (Covered)
HES (Weekly) Sep 8 2017 41.5 Calls (Covered)
SVXY (Weekly) Sep 8 2017 40 Puts
SVXY (Weekly) Sep 8 2017 45 Puts
SVXY (Weekly) Sep 8 2017 50 Puts
SVXY (Weekly) Sep 8 2017 55 Puts
SVXY (Weekly) Sep 8 2017 73 Puts
SVXY (Weekly) Sep 8 2017 75 Puts
SVXY (Weekly) Sep 8 2017 76 Puts
SVXY (Weekly) Sep 8 2017 82 Calls (Covered)
SVXY (Weekly) Sep 8 2017 83 Calls (Covered)
SVXY (Weekly) Sep 8 2017 84 Calls (Covered)
UVXY (Weekly) Sep 8 2017 27 Puts
UVXY (Weekly) Sep 8 2017 50 Calls
UVXY (Weekly) Sep 8 2017 60 Calls
UVXY (Weekly) Sep 8 2017 64 Calls
UVXY (Weekly) Sep 8 2017 65 Calls
UVXY (Weekly) Sep 8 2017 70 Calls
UVXY (Weekly) Sep 8 2017 75 Calls
UVXY (Weekly) Sep 8 2017 80 Calls
UVXY (Weekly) Sep 8 2017 85 Calls
UVXY (Weekly) Sep 8 2017 91 Calls
— Assignments —
DUST (Weekly) Sep 8 2017 29 Puts
DUST (Weekly) Sep 8 2017 33 Puts
$DUST #ShortPuts #Rolldown – too…
$DUST #ShortPuts #Rolldown – too bad the stock couldn’t hold above 20. Rolling down to avoid possible assignment.
Bought to close DUST Sep 8 2017 20.0 Puts/Sold DUST Sep 15 2017 18.5 Puts @ 0.05 Credit.
At least I made a bit of money on the puts I covered.
Options Expiration 9/8/17
#OptionsExpiration #Earnings #VXXGame #LongPutDiagonals
— Expiring —
RH 36 puts
UVXY 28 & 29 puts
To Bistro-ites in Florida… stay safe!
VXX Game
#VXXGame #LongPutDiagonals
Sold $VXX Sep 22nd 47 puts for 1.57
Sold $UVXY Sep 22nd 29 put for 1.59
BTC $SVXY Oct 20th 68 put for 3.85. Reducing exposure. Sold for 5.55 on Aug 23rd.
Expirations, Have a nice and safe weekend.
Only a few today. Next week is a larger one.
SVXY 50 puts, 55 puts, and 60 puts.
SPX going bearish
#SPXcampaign Making several moves to bear myself up.
Sold to Open $SPX Sep 13th 2465/2490 call spreads for 7.65. This is a spread I sold Tuesday, covered yesterday, and now I’m selling again. Sounds nuts, but I really look at opportunities on a day to day basis. Each day told me something different in this uncertain market. Other than the commissions, I have no qualms about appearing erratic at times.
#RiskReversal Bought put spreads in two different expiries and sold one call spread to cover cost of both (almost). They are all different widths, based on what I expect to be able to profit, and what premium I want to spend.
Bought to open Sep 15th 2420/2405 put spreads for 1.25 (15 puts)
Bought to open Sep 29th 2400/2380 put spreads for 1.90 (20 puts)
Sold to Open Sep 29th 2500/2525 call spreads for 2.75 (25 puts)
Correction ahead?
Wall Street strategist Tom Lee sees the S&P 500 falling 5% in the next 30 days
#Market I rarely post CNBC talking heads, but this guy is always sensible and rarely wrong.
https://www.cnbc.com/2017/09/08/fundstrat-strategist-tom-lee-sees-the-sp-500-falling-5-percent-in-the-next-30-days.html
$GE #ShortPuts #FallingKnife – Sold…
$GE #ShortPuts #FallingKnife – Sold GE Mar 16 2018 23 Puts @ 1.24
$T #ShortPuts #FallingKnife – Sold…
$T #ShortPuts #FallingKnife – Sold T Apr 20 2018 32 Puts @ 1.15
$DISCA #ShortPuts #FallingKnife – Sold…
$DISCA #ShortPuts #FallingKnife – Sold DISCA Jan 19 2018 20 Puts @ 1.25
SVXY synthetic week 3
Rolled the 75 calls this week up to 76 next week for 0.68 credit. Because I had rolled the 79 down to 75 earlier this week, not much profit this week, but still lowers the cos basis to 13.22 on the first batch and 18.30 on the second batch.
So basically reduce the cost basis by $2-3 each week by rolling the short options. That should create a risk free position in another 6-8 weeks, then any sales is pure profit and any long term appreciation will be icing on the cake all the way to Jan. 2019.
I cannot load the graph from my work computer but max profit next week would be $980 on 4 contracts if we close at 76. Seems like SVXY will be stuck between 70-80 for a while but will roll the short calls up any chance I get.
EWW
#ShortStrangles – Over sold these and it’s looking weak so booking a few…
Bought to Close EWW SEP 15 2017 55.0 Puts @ .24 (sold for .61)
NUGT
#LongPutDiagonals #SyntheticShortStock – Adding a position on NUGT similar to the UVXY and VXX positions.
—————
Synthetic short stock with disaster long calls (16.50 debit)
Sold NUGT JAN 18 2019 42.0 Calls
Bought NUGT JAN 18 2019 42.0 Puts
Long call for possible disasters capping potential losses:
Bought NUGT JAN 18 2019 47.0 Calls
Buying the disaster calls pretty close to help with margin requirements if she spikes with not much effect on long term gains.
—————
Weekly put sale against synthetic short stock to really boost the profits on this trade:
Sold NUGT SEP 15 2017 40.5 Puts @ .84
—————
$DUST #ShortPuts #Rolldown – A…
$DUST #ShortPuts #Rolldown – A bit of a bounce in DUST this morning so I rolled one of my positions.
Bought to close DUST Sep 8 2017 21.0 Puts/Sold DUST Sep 22 2017 20.0 Puts @ 0.12 Credit.
EFX puts
Sold $EFX Oct 20 90 puts @ 1.40 with the stock at 122.87. IV rank is 100.
#good morning all
#good morning all
SPX trades
#SPXcampaign Closed $SPX Sep 8th 2450/2425 put spreads for .75. Sold last week for .75, as part of a Risk/Reversal. Closed the long 2480/2495 spread for .20.
Sold to Open Oct 4th 2515/2540 call spreads for 1.45. Used the Wednesday series since Oct 6th is crammed with too many spreads already.
$T–borrowing an idea
From TastyTrade (Tony MX).
Sold $T Oct 20 35 puts @ .75 with the stock at 35.64.
$DIS #FallingKnife ?
$DIS #FallingKnife ?
VXX puts sold
#LongPutDiagonals Same deal as below with $VXX…
Sold VXX Sep 22nd 45.5 puts for 1.19. This is against my Jan 2019 position (long 20 puts, short 50/60 call spreads). I only sold three so I leave myself open to selling more, since my position is a 10-lot.
$SVXY #ShortPuts Bought to close…
$SVXY #ShortPuts Bought to close Sept 8th 75 Puts @ 0.35. Taking risk off.
SPX roll
#SPXcampaign Closing a reverse roll I sold on Tuesday’s drop. Don’t have any idea which way we’re headed but I’m leaning on the downside.
Closed $SPX Sept 13th 2465/2490 call spreads for 9.25. Sold for 6.75 on Tuesday
#Rolling
Sold Sep 18th 2445/2420 put spreads for 3.00
Sold Sep 25th 2480/2505 call spreads for 6.30
UVXY put
#LongPutDiagonals Sold $UVXY Sep 22nd 29 put for 1.85. This is against my Jan 2019 position (long 30 puts, short 30/40 call spreads). It is replacing the Sep 8th 29 puts expiring tomorrow. I only sold one so I leave myself open to selling another, since my position is a 2-lot.
REGN
#ShortStrangles – As @Jeff pointed out earlier…she’s tanking. Looks like some new competition on the horizon for some of their drugs so making an adjustment…
Rolled REGN SEP 29 2017 550.0 Call to SEP 29 2017 510.0 Call @ 4.47 credit
Position is now 470/510 Strangle @ 12.52 credit
NUGT
Glad you guys reminded me of this one. I’ve been looking to set up a #SyntheticShort or a #LongPutDiagonal on this dog on the next big bounce. Unfortunately there were no 2019’s available…until now. TOS isn’t showing any good quotes on them yet though…maybe tomorrow?
$DG #ShortPuts – Bought to…
$DG #ShortPuts – Bought to close 1 DG NOV 17 2017 55.0 Put @ 0.05. It won’t trade any lower and November is a long way off.
Originally sold as a #FallingKnife trade on 04/03/2017 @ 1.35
Adding to Dec NUGT
At the new highest strike.
Sold $NUGT Dec 15 63 call @ 2.80.
$DUST #ShortPuts #IRA – Sold…
$DUST #ShortPuts #IRA – Sold DUST Oct 20 2017 14.0 Puts @ 0.40 with the stock at 19.03. Lowest available strike.
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close SVXY Sep 15 2017 27.5 Puts @ 0.01 to free up some margin.
They won’t trade any lower.
Originally sold as SVXY Sep 15 2017 55.0 Puts before the split.
Sold on 02/24/2017 @ 2.73 and 06/29/2017 @ 1.15.
NUGT and DUST
Sold $NUGT Nov 17th 60 call for 2.10
Closed $DUST Dec 50 call for .20. Sold for 4.75 on July 7th.
$DUST #ShortPuts – Sold 1…
$DUST #ShortPuts – Sold 1 DUST Dec 15 2017 14.0 Put @ 1.10 with the stock at 19.23. Lowest available strike.
Like a friend who stays longer than you expected…
#Earnings #StrangleRoll Looks like I am committing to a longer term relationship with $RH. Not happy about my sloppy exit, but what’s done is done.
BTC RH Sep 8th 64.5 calls for 7.05
STO RH Oct 20th 65/75 strangles for 6.70. Sold an extra 65 put for 3.90, to give me a roll credit of .43 on the whole trade. I will manage this similarly to #PerpetualRollingStrangles
WDC CC rolls
Don’t think anyone else is in this trade right now so will be brief.
Assigned on a bunch of WDC 90 puts on earnings gone bad, they beat but the stock sold off from 96 down as low as 81 or so. Took assignment on half and rolling the puts on half to see which works better in real time on deep ITM puts. Converting to covered calls wins. I was break even last week, this week up average of .54 on the calls if I let assignment go next week. Still have some work to do on the puts. Moral of the story, if you can’t take in more than 0.5 by rolling the puts weekly go ahead and take assignment and convert to covered calls or collar it if still dropping.
Rolled this weeks 84 and 85 WDC calls to 15 DTE for varying credits of 0.67-82 depending on accounts. Now will be profitable on all the converted covered calls and will either: let assignment happen in next 1-2 weeks or if stays where it is and I can bring in more than 0.5 each week by rolling will keep rolling.
Cost basis now under 84 with the stock at 88.55 currently.
UVXY #coveredcalls BTO stock, sold…
UVXY #coveredcalls
BTO stock, sold ATM call expiring tomorrow for $30.50, ROI 3.3% if called.
stock 30.44, 31.5 Sept 08 0.94. stop at 31.
EWW
Not really a #PerpetualRollingStrangles trade but it’s turning into one. Got a stop on next week’s 55’s at 50 percent of max profit so selling the next batch.
Sold EWW OCT 6 2017 56.0 Puts @ .85
$RH-Fading the move
Sold $RH Sep 15 75 calls @ 1.50 with the stock at 71.59 slowing its upward momentum. Expiration a week from tomorrow.
GLD
#PerpetualRollingStrangles – I had already double sold the next batch for a couple weeks out. Forgot I had this order in to close this week’s.
Bought to Close GLD SEP 8 2017 124.5 Puts @ .03 (sold for 1.24)
REGN dropped
#ShortStrangles I guess not adjusting is working out for my Sep 29th 430/530 strangle.
RH earnings blowout
#Earnings Sold 64.5 calls, 28% OTM… and got slammed. Up 43%! The previous day-after earnings max intraday move was only 27%. Considering options to roll.
IRMA…not the ticker!
Just checking in here at 130 am eastern time. No market for me…spent the day evacuating the motorhome/crash pad out of the Ft. Lauderdale area. Crazy day that started at about 8am. Many gas stations completely dry and cars everywhere. Finally made it to the Tallahassee area which so far has a fighting chance for survival. I’ve got a decent 4g signal here so should be in and out next couple days.
Good luck everyone and if you’re anywhere near this thing stay safe!
MOMO Short Puts
#shortputs
$MOMO STO 10/20 35 put @ 1.35
XBI ladders
Rolled 16 DTE 77 put to 37 DTE 79 put for 0.82 credit. Sold for 1.1 about 4 weeks ago.
RH earnings
#Earnings #ShortStrangles
Sold each side separately: $RH Sep 8th 36 puts for .50, and 64.5 calls for .60. Over last 12 earnings, the 3-day moves: Biggest UP move: 21.7%, Biggest DOWN move: -26.4%, Average move: 11.4%. My strikes are each about 28.4% OTM.
SPX roll
#SPXcampaign I rolled this one earlier as the downside risk is too great this close to expiration.
Bought to close $SPX Sep 8th 2480/2455 put spreads for 13.50. Sold last week for 6.80.
#CondorRoll Sold to Open Sep 20th 2435/2460/2485/2510 condors for 10.50, 1.33x position size.
EDIT: I closed PUT spreads, not call spreads.
SVXY/UVXY reducing position size
Taking some more off at most of max profit just to reduce my size a bit.
Bought to close:
$SVXY Sep 15 65.00 puts @ .55 Sold for 5.25 on 5/8
$SVXY Sep 15 42.50 puts @ .10 Sold for 1.30 on 6/15
$SVXY Sep 15 37.50 puts @ .04 Sold for .78 on 5/17
$UVXY Sep 22 82.00 call @ .12 Sold for 6.00 on 8/11
$UVXY Sep 29 82.00 call @ .40 Sold for 6.80 on 8/11
$HES #CoveredCalls -Sold HES Sep…
$HES #CoveredCalls -Sold HES Sep 8 2017 41.5 Calls @ 0.19 with the stock at 40.73.
These expire on Friday
$HP #ShortPuts – Bought to…
$HP #ShortPuts – Bought to close HP Sep 15 2017 45.0 Puts @ 0.95.
Originally sold these @ 1.20, but the stock opened close to 42 on Friday so I’m taking some risk off at a small profit.
Plenty of other Oil-space Put exposure left plus still short HP puts in Dec at 42.50 and 40, in Jan at 40 and in Mar at 37.50.
Edit: Covered more @ 0.85
$SWN #ShortPuts – Bought to…
$SWN #ShortPuts – Bought to close SWN SEP 15 2017 6.0 Puts @ 0.38 with the stock at 5.62.
Absolutely no time premium left in this position.
Originally sold at 0.49 when the stock was much higher, so a modest gain on the trade.
$HES #CoveredCalls -Sold HES Sep…
$HES #CoveredCalls -Sold HES Sep 8 2017 41.0 Calls @ 0.23 with the stock at 40.33.
These expire on Friday
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY SEP 15 2017 85.0 Calls @ 0.23 with the stock at 77.79
$HP #CoveredCalls – Sold HP…
$HP #CoveredCalls – Sold HP SEP 15 2017 45.0 Calls @ 0.55 with the stock at 44.12.
Sold against stock that was recently put to me at 45.
$URBN #ShortPuts – Bought to…
$URBN #ShortPuts – Bought to close URBN Sep 15 2017 19.0 Puts @ 0.05. They won’t trade any lower.
Originally sold as a #FallingKnife trade on 3/22/17 @ 1.20
$UVXY #ShortStrangle #TastyWorks – I…
$UVXY #ShortStrangles #TastyWorks – I placed my first trade in a TastyWorks account yesterday.
Just checking out the platform, which I do not find very intuitive.
Sold 1 UVXY Sep 8 2017 27/50 Strangle @ 0.30
Cleared 27.71 after commissions and fees, so at least the commissions are low.
SPX Campaign and Closed Earlies
#spxcampaign
$SPX STO 10/6 2330/2355 BUPS @ 1.55 Thank you @jeffcp66
$SPX STO 9/13 2490/2465 @ 6.80 Thank you @jeffcp66
Closed Early (Losses were much higher on Friday – I need the sleep)
$BIDU 9/15 240/230 BECS @ 5% profit
$NVDA 9/15 175/165 BECS @ 68% loss of original credit
$SPX 9/15 2505/2480 BECS @ 31% Profit
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT 25/100 DEC 15 2017 16.0 Calls @ 0.62
$ALXN #ShortPuts – Bought to…
$ALXN #ShortPuts – Bought to close ALXN Nov 17 2017 70.0 Puts @ 0.05.
They won’t trade any lower and I’m out 73 days early.
This former #FallingKnife trade was sold on 05/24/2017 @ 1.60.
$UVXY #ShortStrangles – Sold UVXY…
$UVXY #ShortStrangles – Sold UVXY Sep 15 2017 25/50 Strangles @ 1.04
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT 25/100 Jan 19 2018 18.0 Calls @ 0.62. Equivalent strike price is 72.0
$SPX Sold this morning Iron…
$SPX Sold this morning Iron Condor Sept 29th 2570/2550/2360/2340 for $1.25 with $SPX @ 2468. Trying to get back into this.
SVXY
STO January 2019 30 puts @4.40, starting to scale some positions in at levels I want to own these.
SPX calls sold
#SPXcampaign Sold to Open $SPX Oct 6th 2520/2545 call spreads for 1.70.
SVXY
STO January 30 puts @1.25, starting to replace some puts.
NVDA…jumping back in
#ShortStrangles – Nice volatility pop today so feel like I have to sell a new position. Diving back into one of my favorites. Selling well before next earnings…
Sold NVDA OCT 6 2017 150.0/185.0 Strangles @ 2.75
SPX reverse roll
#SPXcampaign Bought to close $SPX Sep 18th 2455/2430 put spreads for 7.65. Sold in a #CondorRoll for 6.75 on Friday.
#ReverseRoll Sold Sep 18th 2465/2490 call spreads for 8.00.
VXX
#LongPutDiagonals – I like @hcgdavis ‘s rolling idea. Going pretty aggressive here since North Korea probably not going away any time soon. Took awhile but finally filled on all of them.
Rolled VXX SEP 15 2017 45.0 Puts to SEP 15 2017 47.5 Puts @ .80 credit (total credit now 1.95 on these)
SVXY rollout & down
#shortputs #rollout
Rolled out 45 days and down 15 points: BTC $SVXY Sep 15 65 put @ 1.55, STO Aug 9 @ 2.04; STO $SVXY Oct 50 put @ 1.64.
SVXY synthetic
Rolled the 79 call this week down to 75 for 1.05 credit. Brings the cost basis of the second batch down to 18.98 from 20.03.
With the VIX hovering 12-15 now and looking like it will stay there for a while keeping SVXY between 70-80 may have some good weekly premium to collect.
If we break down below 65 on SVXY will back ratio the 70/60 put spread to get some directional deltas.
SVXY
#ShortCalls #VXXGame – Top of the ladder starting to get taken out…
Bought to Close SVXY JAN 19 2018 127.5 Calls @ .20 (sold for 1.27 split adjusted)
Bought to Close SVXY JAN 19 2018 130.0 Calls @ .20 (sold for 1.60 split adjusted)
CMG rollout
Was looking for a good opportunity to roll this in the money short put in Sep to Oct but but with the big move down in the stock today there’s no premium there. I decided to go out to Nov.
Rolled $CMG Sep 15 355 puts out to Nov 17 355 puts for 2.80 credit. A little more to continue to reducing basis on this trade.
UVXY Mar
Sold $UVXY Mar 16 2018 91 call @ 7.00. Highest strike. Premium is higher now.
#VXXGame
SPX reverse roll
#SPXcampaign Bought to close $SPX Sep 13th 2455/2430 put spreads for 6.60. Sold for 4.70 last Thursday as a roll.
#ReverseRoll: Sold $SPX Sep 13th 2465/2490 call spreads for 6.75. Was able to move up 10 points and still get a credit on the roll.
UVXY Nov
I didn’t have anything on in November so I’m starting an initial position at the highest strike.
Sold $UVXY Nov 17 80 call @ 3.20.
#VXXGame
Downside Warning!
#VIXIndicator — Downside warning is in effect.
That was quick.
