#SPXcampaign #VIXIndicator It is a rare occurrence for a new downside signal to fire so soon after a previous Warning was canceled, but it just happened today. If VIX reaches 13.26, we’ll have a full-fledged Downside Warning.
Recent Updates Page 396
UVXY
BTC all my short call positions to reduce risk and free up more cash. They were only six positions and only 1 contract per expiration. I made a small amount of money on these. Nothing to write home about.
$DO #ShortPuts – Bought to…
$DO #ShortPuts – Bought to Close DO SEP 15 2017 12.5 Puts @ 0.43.
Since this stock was at 10.31 just two weeks ago, this seems like a prudent time to take a nice gain.
Originally sold on 05/03/2017 @ 1.04 and then added on 08/21/2017 @ 2.24.
The timing of the 2nd sale made this a really nice gain.
NUGT call
#ContangoETFs Sold $NUGT Mar 16 2018 60 call for 5.50. Highest strike.
#t btc on gtc t,…
#t
btc on gtc t, jan 19 35 call @ 3.5 had sold for 4.35
at open had tried at close Friday and forgot to take off.
UVXY risk reduction
#ShortCalls – Booking these with quick profits and taking some risk off…
Bought to Close UVXY DEC 15 2017 91.0 Call @ 3.27 (sold for 6.00)
Bought to Close UVXY JAN 19 2018 91.0 Call @ 4.35 (sold for 7.20)
GLD
#PerpetualRollingStrangles – This week’s 124.5s are looking good so adding a new position a couple weeks out…
Sold GLD SEP 22 2017 125.5 Puts @ .85
$DO #ShortPuts – Bought to…
$DO #ShortPuts – Bought to close DO Sep 15 2017 10.0 Puts @ 0.01. They won’t trade any lower.
Originally sold on 05/30/2017 @ 0.47
VXX long game
#VXXgame #LongPuts
Added some more to Friday’s $VXX position and also threw out a few different strikes. These are just straight purchases, not paid for by selling call spreads.
Bought VXX Jan 2019 20 puts for 1.75, adding to my position.
Bought VXX Jan 2019 15 puts for .60
Bought VXX June 2018 25 put for 1.32
Will add more. Barring a 2008-style multi-month correction, these will profit easily.
SRPT position closed
#Earnings BTC $SRPT Sep 15th 35 put for .20. Sold for 1.20 on July 27th. Overall a losing trade from the original iron condor, since I took a loss on half at expiration. The second half fared better by covering the short stock at lower prices, but not enough to make up for the first half.
PLCE stock sold
#Earnings #Assignment #LongStock
Sold to close one-fourth of my $PLCE stock position at 108.50. Assigned on Aug 11th with 108.00 cost basis. Holding the rest with #CoveredCalls already established.
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close SVXY Sep 8 2017 45.0 Puts @ 0.01. Removing some tail risk from this account.
Originally sold on 08/10/2017 @ 1.09
$UVXY #ShortPuts – Bought to…
$UVXY #ShortPuts – Bought to close UVXY Sep 8 2017 25.0 Puts @ 0.01. They won’t trade any lower.
I don’t often sell UVXY Puts but sold these on 8/16/17 @ 0.93
SPX puts sold
#SPXcampaign Sold to Open $SPX Oct 6th 2355/2330 put spreads for 1.55.
$NOV #LongStock – Unwinding a…
$NOV #LongStock – Unwinding a put assignment from the August expiration.
Sold NOV @ 31.19. Was assigned at 31.0 less a 0.45 puts premium
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT 25/100 Jan 19 2018 17.0 Calls @ 0.62. Equivalent strike price is 68.0
#spxexpectedmove ending this Friday spx…
ending this Friday spx expected range.
Econ Calendar week of 9/4/17
Good morning
Expiration/Assignment/ Short Puts/Rolled Short Put/Closed Early
#optionsexpiration
$SPX 2350/2375 BUPS
$SVXY 60 put
#assignment
$SPX 9/1 2500/2475 @ 25% profit
#shortputs
$MOMO STO 9/8 37 put @ .55
$EXAS STO 9/15 40 put @ .65
Rolled
$AAOI 9/15 65 put to 10/20 65 put for additional 3.50 credit Thank you @ramie77
Sold Early
$NVDA BTC 9/15 145 put @ .10. Sold 8/11 for 3.55
$SPX BTC 9/8 2550/2525 BECS @ .10 STO 8/7 for 1.60
Need the three days rest. Have a relaxing Labor Day and say a prayer for the people of Houston.
$SVXY #CoveredCalls – starting my…
$SVXY #CoveredCalls – starting my ladder for 2 weeks out. Already have next week covered.
Sold SVXY Sep 15 2017 84.0 Calls @ 1.12.
Options Expiration 9/1/17
#OptionsExpiration #Earnings #Assignment
Only one this week:
Assigned stock on $BBY 57.5 puts
#OptionsExpiration I sold a lot…
#OptionsExpiration
I sold a lot of positions a week ago @ $.05 or less so this is all I have left.
$VXX $45.5 put
SVXY $60 puts
UVXY $39 calls
UVXY $46 calls
UVXY $50 calls
#OptionsExpiration #Weeklys #Sep1 – the…
#OptionsExpiration #Weeklys #Sep1 – the first of 5 September expirations. Plenty of volatility winners this week with little need to cover or roll positions.
A lot of covered calls, and one assignment getting me out of a long NUGT position at a profit. I have been writing calls against this position for many months.
— Expirations —
DUST (Weekly) Sep 1 2017 21 Puts
MYL (Weekly) Sep 1 2017 42.5 Calls (Covered)
SVXY (Weekly) Sep 1 2017 42.5 Puts
SVXY (Weekly) Sep 1 2017 50 Puts
SVXY (Weekly) Sep 1 2017 55 Puts
SVXY (Weekly) Sep 1 2017 76 Puts
SVXY (Weekly) Sep 1 2017 81 Calls (Covered)
SVXY (Weekly) Sep 1 2017 81.25 Calls (Covered)
SVXY (Weekly) Sep 1 2017 81.75 Calls (Covered)
SVXY (Weekly) Sep 1 2017 82 Calls (Covered)
SVXY (Weekly) Sep 1 2017 82.25 Calls (Covered)
SVXY (Weekly) Sep 1 2017 82.5 Calls (Covered)
SVXY (Weekly) Sep 1 2017 82.75 Calls (Covered)
SVXY (Weekly) Sep 1 2017 83 Calls
SVXY (Weekly) Sep 1 2017 83.5 Calls
SVXY (Weekly) Sep 1 2017 84 Calls
SVXY (Weekly) Sep 1 2017 84.5 Calls
SVXY (Weekly) Sep 1 2017 90 Calls
UAA (Weekly) Sep 1 2017 25 Calls (Covered)
UVXY (Weekly) Sep 1 2017 60 Calls
UVXY (Weekly) Sep 1 2017 64 Calls
UVXY (Weekly) Sep 1 2017 91 Calls
UVXY 25/100 (Weekly) Sep 1 2017 14.5 Calls
— Assignments —
NUGT (Weekly) Sep 1 2017 36 Calls (Covered)
Expiration for 9/1
$SVXY Sep 1 55.00 puts
$SVXY Sep 1 62.50 puts
$UVXY Sep 1 60.00 calls
$UVXY Sep 1 64.00 calls
Have a great long weekend everyone.
$NUGT #ShortCalls – Bought to…
$NUGT #ShortCalls – Bought to close NUGT Sep 1 2017 40.0 Calls @ 0.20. Sold ’em for 0.44
$SVXY #ShortPuts Well those orders…
$SVXY #ShortPuts Well those orders were filled so I had to drop in. Sold to open Oct 6th 60 Puts @ 1.40 when $SVXY was 80.16 and Oct 13th 60 Puts @ 1.68 when SVXY was 80.45. Happened during that dip some time after 2PM. And with that I am truely done until next Tesday. Again have a great and enjoyable long weekend.
$DUST #ShortPuts #Rolldown – a…
$DUST #ShortPuts #Rolldown – a small rolldown on a position that on a better day I could have closed out for a gain.
Bought to close DUST SEP 1 2017 22.0 Puts/Sold DUST SEP 15 2017 21.0 Puts @ 0.06 Credit.
VXX long game
Bought to open $VXX Jan 2019 20 puts for 1.80
Sold to Open VXX Jan 2019 50/60 call spreads for 2.23
Net credit: .43.
I traded 10, so profit near expiration should be about $10K.
Max risk just under 10K if VXX soars above 60 and doesn’t come back down. An extremely unlikely scenario.
I’m on portfolio margin, and due to other VXX, SVXY and UVXY position, I was actually credited margin back for this trade. How much this may strain my buying power during a big correction is up to my broker.
I don’t think I will be buying a safety call as @fuzzballl does, but I will consider it. Also will consider selling weekly puts to increase profits.
Closing XOP
Taking this position off for 75% of the max. Bought to close $XOP Sep 15 29 puts @ .16. Sold for .64 on 8/11.
VXX long game
Looking at setting up #LongPutDiagonals on $VXX, following @fuzzballl‘s lead.
Effective price of VXX 16 months ago: 255.00.
Price today: 46.23
Projected price in 16 months (Jan 2019): 8.38
Buying Jan 2019 20 puts now for 1.83, they’ll be worth 12.62 at expiration.
This is the perfect opportunity, and I darned near missed it because I was watching UVXY too much. I did a study a couple years back on buying long put LEAPs right after reverse splits. It almost always works, unless a huge correction happens near expiration, which is why you would likely close a couple months early.
And if I sell some call spreads to pay for it… it’s a golden trade.
Am I missing anything?
UVXY
$NUGT #ShortPuts – Bought to…
$NUGT #ShortPuts – Bought to close NUGT Sep 15 2017 20.0 Puts @ 0.01. They won’t trade any lower.
VXX
#LongPutDiagonals – Going out 2 weeks on this one. I’ve got a stop set on this week’s that would lock in 90 percent of max profit. Wanted to get the next one on the books in case they start sucking weekend premium out of these this afternoon.
Sold VXX SEP 15 2017 45.0 Puts @ 1.15
In the split history of VXX the quickest it has ever split was a year (2 out of 4 times) so figuring a drop from 50 to 10 I’m planning on about .75 to 1.00 per week max drop.
CMG
Interesting to watch. Making a run at a close above the 20 ma today. 21 ema turning up but the 50 ma is still looming overhead. Could be 300-350 range bound for awhile. 352.96 looks like pretty strong resistance on DJ’s chart…that’s about where the 50 ma will be if she can claw her way back up that high.
More AAOI rollouts
Rolling short Sep 65 puts out to Oct 65 puts for 3.75 credit with the stock now trading at 58.57. I’m extending duration on this trade and bringing my cost basis down, if assigned, to 57.75 (65.00 strike price less 7.25–3.50 for the original Sep put sale plus 3.75 for the rollout). When I originally sold puts on this, the idea was to take assignment of a stock I wouldn’t mind owning long term. But with the rich premiums, rolling out has been the way to go. So far, at least.
SVXY synthetic
Rolled the 75 call yesterday for 0.85 credit and today the 79 calls for 1.17 credit. Both rolled to next week.
Total profit for 2 weeks on 4 contracts long and 5 short is $1198. That works out to an 11.9% return on capital but if you base it on risk is a 56% return in 2 weeks. As long as SVXY stays in a range, this may out perform all my other techniques. I am not on a computer with TOS so cannot share the graph at the moment but next weeks max profit potential is now around $1700 around the 80 strike.
Cost basis on first batch down to 13.95 from 16.06 and on the second batch 19.97 down from 21.14.
I plan to keep rolling the strikes but if we keep pushing up may go out a few weeks and up a few $ to improve capital gains. I figure as long as I can take in 0.50 or higher credit with each roll will stay at the same strikes.
Also rolled some SVXY 70 puts this week to next for 0.86 credit and WDC 84 and 85 calls to 1-2 weeks for 0.53 credit.
Profit range on the SVXY synthetic is now 68 to about 90 or so.
Have a good long weekend. Maybe we have some volatility next week when the big traders are back from summer vacation!
$AN #ShortPuts – Bought to…
$AN #ShortPuts – Bought to close AN OCT 20 2017 34.0 Puts @ 0.05. It won’t trade any lower and still has 7 weeks until expiration.
Originally sold as a #Fallingknife trade on 04/03/17 @ 1.10
#spxcampaign sto sept 29 ,2530/2555…
#spxcampaign
sto sept 29, call ,2530/2555 @ 1.60
spx at 2479
$SVXY #ShortPuts Bought to close…
$SVXY #ShortPuts Bought to close Sept 75 Puts @ .02. Nothing left for #OptionEpiration for the week. So if I’m not back this afternoon have a great three day weekend everyone.
SVXY
#CoveredCalls – I’ve got a little bit of stock left from an earlier put spread with a basis of 88. Adding to the bottom of an ever expanding December short call ladder now that Jan is looking pretty safe.
Sold 1 SVXY DEC 15 2017 95.0 Call @ 4.75
Sold 1 SVXY DEC 15 2017 97.5 Call @ 3.90
TLT…book, roll, adjust
#PerpetualRollingStrangles – A couple more and now done with this for awhile.
Taking a little more than 50 percent of max on an extra sale on the put side during the rise. This gets me back to a regular size position.
Bought to Close TLT SEP 8 2017 126.5 Puts @ .50 (sold for 1.10)
And:
Rolled TLT SEP 15 2017 131.0 Puts to NOV 17 2017 130.0 Puts @ .38 credit
TLT
#PerpetualRollingStrangles – Interesting morning in this thing. I had been hit with early exercises numerous times on DITM short calls as early as 18 days out. Because of this I had been rolling these at about the 21 day mark back out to 45 or 50 days. Well…today set a record. Every single short call I had was exercised….
Sep 22 122 strike (21 days early)
Sep 22 123 strike (21 days early)
Oct 20 121 strike (an incredible 49 days early!)
Luckily the stock is down big today so was able to cover it at a pretty good price. Then re-loaded all the short calls way out in November.
Sold TLT NOV 17 2017 121.0 Calls @ 6.50
Sold TLT NOV 17 2017 123.0 Calls @ 4.85
So…here’s what happened:
https://tickertape.tdameritrade.com/trading/2017/05/analyzing-dividend-risk-61479
My fault…was vaguely aware this was an issue but wasn’t sure of all the risks involved. Luckily with the short stock carrying more negative deltas than the short calls the whole thing should be net positive in spite of the dividend. Lesson learned but still a big fan of the ticker…
$SVXY #shortputs BTC Sept 15…
$SVXY #shortputs
BTC Sept 15 $70 put for $1.00, sold Aug 22 for $2.10
SPX trades
#SPXcampaign Bought to close $SPX Sep 1st 2470/2445 put spreads for .75. Sold yesterday for 5.80.
STOPPED: Sep 8th 2475/2500 call spreads for 8.40. Sold for 3.10 on Aug 24th.
#ReverseRoll Sold Sep 8th 2480/2455 put spreads for 6.80.
$AMBA
Potential #fallingknife getting started
$AAOI #ShortPuts BTC Sept 01st…
$AAOI #ShortPuts BTC Sept 01st 60 Puts @ 0.50 when $AAOI was at 60.12. Originally sold for 1.60 on Aug 24th. I am unsure about opening another position. The stock seems to be broken after last earnings though premiums are rich.
$UVXY #ShortCalls #ClassicVXXGame – Bought…
s$UVXY #ShortCalls #ClassicVXXGame – Bought to close 1 UVXY Jan 18 2019 65.0 Call @ 12.0.
Originally sold on 8/9/17 at 13.30.
Still short several others sold at higher prices and some strike 75’s as well
August JOBS report
#Market A slight miss this month. Market don’t care.
+156,000 non-farm jobs in August. June/July revised down a total of -41,000
Unemployment rate up one tick to 4.4%, after ticking down to 4.3% in July.
U6 unchanged at 8.6%, unchanged
Avg hourly earnings up +0.1%, worse than July +0.3% and June +0.2%
Labor Force Participation 62.9%, unchanged.
SPX Campaign
#spxcampaign
$SPX STO 9/13 2430/2455 BUPS @ 3.65
$SPX STO 9/15 2505/2480 BECS @ 5.10
Downside Warning officially over
#VIXIndicator closed below the Fib 78.6% line, so the warning is over. Likely more upside in the coming days. Two more consecutive days below 10.65 will mean an Upside Warning.
#spxcampaign sto sept 29 call…
#spxcampaign
sto sept 29 call 2525/2550 @ 1.50
@ about 13:30
$NUGT #ShortCalls – Sold 1…
$NUGT #ShortCalls – Sold 1 NUGT Nov 17 2017 60.0 Call @ 1.45. Highest available strike price.
Taking off some UVXY
Taking a cue from Iceman, I took off some positions with strikes in the 60s since I am also short at higher strikes. Seems like prudent risk management.
Bought to close:
$UVXY Dec 15 65 calls @ 4.20. Sold for 7.00-11.00 on 8/9 and 8/10.
$UVXY Jan 19 2018 65 calls @ 5.40. Sold for 8.10 and 11.50 on 8/9 and 8/10.
$UVXY Mar 16 2018 60 call @ 7.45. Sold for 9.00 on 8/9.
Also, bought to close $UVXY Sep 15 82 call @ .04. Sold for 4.50 on 8/11.
$NUGT Sold pre-split strike
In January
Sold $NUGT1 Jan 19 2018 19 calls @ .35 (equivalent to 76 strike)
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close the 2nd of my UVXY March 2018 60.0 short calls, with several more to go. With the VIX down, it’s a good time to lighten up on long term calls with lower strike prices.
Bought to close 1 UVXY Mar 16 2018 60.0 Call @ 7.40.
I sold strike 82 and strike 91 calls for the March expiration for much more than this.
Originally sold this one on 08/10/2017 at 11.20.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Adding to my positions.
Sold SVXY Sept 8 2017 82.0 Calls @ 1.11
Sold SVXY Sept 8 2017 83.0 Calls @ 0.72
Sold SVXY Sept 8 2017 84.0 Calls @ 0.41
$SVXY #CoveredCalls – Selling Calls…
$SVXY #CoveredCalls – Selling Calls for next week as I’m guessing the ones I have for this week are going to expire.
Sold SVXY Sept 8 2017 82.0 Calls @ 0.87
Sold SVXY Sept 8 2017 83.0 Calls @ 0.62
Sold SVXY Sept 8 2017 84.0 Calls @ 0.32
$NUGT-sold highest strikes
Nov 17 60 calls @ 1.30
Dec 15 60 calls @ 2.10
$SVXY #ShortCalls – Bought to…
$SVXY #ShortCalls – Bought to close SVXY Sep 15 2017 102.5 Calls @ 0.01. They won’t trade any lower.
Sold these before the 2-1 split.
Sold 1 SVXY Sep 15 2017 205.0 Call @ 2.07/2.27/2.47 on 6/29
Sold 1 SVXY Sep 15 2017 205.0 Call @ 2.67 on 6/30
NUGT call
#ContangoETFs Adding another rung to the ladder: Sold $NUGT Dec 15th 58 call for 2.28.
@spy btc 9.29.17, put @1.08…
btc 9.29.17, put @1.08 had sold for 2.61.
figured 60% return for 10 days on and 29 dte left /no brainer
do it again on next sell-off
SVXY #shortcallspreads STO BeCS Sept…
SVXY #shortcallspreads
STO BeCS Sept 08 80/85 for $1.50cr, SVXY at resistance 20 day ma. We’ll know in a week plus 1 day.
REGN soaring
@fuzzballl You trade this more than I. Do you have a level at which you will roll your 530 call?
#ShortStrangles
Covered Calls
#CoveredCalls #LongStock
Sold to Open $FB Sep 29th 175 call for 1.85
Sold to Open $PLCE Oct 20th 115 call for 2.00, adding to my position.
$AAOI rollout
I have a few September short put positions near the money but this one is too deep in the money to imagine the stock will get there in 2 weeks so I’m rolling Sep 75 puts out to Oct for 2.65 credit, with the stock at 60.73.
I previously rolled this and have been collecting premium against it (7.26 so far). So if I take assignment at Oct expiration my basis will be 67.74. Of course a lot can happen between now and then.
AMZN
#LongCallDiagonals – Sold against the drop all the way down now tucking my tail and running…rolling up to the 50ma. If she gets thru that then something more aggressive will be required.
Rolled AMZN SEP 1 2017 955.0 Call to SEP 29 2017 975.0 Call @ .27 credit
yet more SPX
#SPXcampaign The triage continues as I flip my account from short to long.
Bought to close $SPX Sep 29th 2505/2530 call spreads for 4.00
Sold to Open Oct 6th 2340/2365/2535/2560 #CondorRoll for 3.15, 1.33x position size.
#RiskReversal #LongCallSpread
Bought to OPEN SPX Sep 8th 2480/2495 long call spreads for 2.90
Sold to Open SPX Sep 8th 2450/2425 short put spreads for 3.15
The spread I purchased is only 15-wide, which made it cheaper. Closing this one for $15 would exceed my expectations, so buying a smaller size than I sell works for me.
Also, closed on GTC order:
Sep 15th 2310/2285 put spreads for .20. Sold as a roll on Aug 10th for 2.05
NVDA
#ShortStrangles – Popping out of a daily squeeze and looking strong. Booking some nice winners before the call sides get in trouble.
Bought to Close NVDA SEP 15 2017 155.0/175.0 Strangles @ 2.35 (sold for 7.28)
Bought to Close NVDA SEP 29 2017 150.0/180.0 Strangle @ 2.91 (sold for 4.65)
Flat in NVDA for the first time in a long time. Will be looking for something to re-enter…
more SPX trades
Bought to close $SPX Sep 15th 2480/2505 call spreads for 6.20. Sold for 2.98 yesterday.
#ReverseRoll Sold Sep 13th 2455/2430 put spreads for 4.70. Will make up 1.50 debit.
Bought to close Sep 13th 2470/2495 call spreads for 10.05. Sold for 5.45 yesterday. Roll coming.
Bought to close Sep 25th 2500/2525 call spreads for 4.20. Sold for 1.60 on Aug 21st.
#ReverseRoll Sold Sep 25th 2445/2420 put spreads for 4.50.
SVXY rolled this week 75…
SVXY rolled this week 75 call to next week for 0.85 credit. There was only about 0.15 of time decay left when I rolled it.
Part of the SVXY synthetic. Will do full update tomorrow but cost basis on the first group down to 13.90 now or about 13.95 with commissions after 2 weeks.
SPX trades
#SPXcampaign VIX plummeting. Moving toward the end of Downside warning today. Sold to Open the following $SPX put spreads:
Sep 1st 2470/24456 for 5.80. Expires tomorrow. May close today if we get high enough.
Sep 25th 2425/2400 for 3.05.
Sep 29th 2375/2350 for 1.60.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close more UVXY1(25 shares) Sep 15 2017 60.0 Calls @ 0.01.
They won’t trade any lower.
Originally sold on :
01/30/2017 @ 6.50
02/10/2017 @ 4.30
02/24/2017 @ 4.60
03/22/2017 @ 2.35 & 2.56
05/18/2017 @ 1.19
$BIIB #ShortPuts -Bought to close…
$BIIB #ShortPuts -Bought to close 1 BIIB OCT 20 2017 185.0 Put @ 0.05. It won’t trade any lower and still has 6 weeks until expiration.
Originally sold on 05/08/2017 @ 1.15
$SJM #ShortPuts #FallingKnife – Sold…
$SJM #ShortPuts #FallingKnife – Sold 1 SJM APR 20 2018 90.0 Put @ 1.70 with the stock at 103.50
