Tomorrow, and Friday with the Jobs Report, should tell us whether we’re headed up or down into September.
Recent Updates Page 397
$SVXY #ShortPuts Sold to open…
$SVXY #ShortPuts Sold to open Oct 20th 55Puts @ 1.85 with $SVXY at 77.52 during that dip around 3:45.
SPX trades
#SPXcampaign I had to close two call spreads that went ATM today. The VIX dipped but ended off its lows. I will do more rolling tomorrow.
Bought to close $SPX Sep 14th 2460/2485 call spreads for 10.60. Sold yesterday for 6.00. Not yet rolled.
Bought to close Sep 6th 2460/2485 call spreads for 7.70. Sold as part of a #CondorRoll for 6.65 on Aug 25th. Rolled…
#ATMroll Sold Sep 13th 2470/2495 call spreads for 5.45. Ten points higher and I can roll again if we hit 2470. Will add a put spread tomorrow to make up for the debut.
Also, sold to open Sep 29th 2510/2535 call spreads for 1.40, standard campaign position.
#Market
I have been busy closing out a lot of positions for small profit and gains as well as some nice profits. I am now in 60% cash and waiting for more expirations in September to bring me up to 70% cash. My feeling is that we need a correction and if the number on Friday is a big one we could get a taper tantrum in the bond market. We are also faced with the north Korea problem and don’t see a solution that one either. Timing is everything and I may be wrong but I am willing to wait until November to see how this plays out.
Closing UVXY
Had an order in to close some of these at .01. This one got filled.
Bought to close $UVXY Sep 8 82 call @ .01. Sold for 3.65 on 8/11.
Closing Oct MNK
Bought to close $MNK Oct 20 30 puts @ .25. Sold for 1.20 on 5/17. Taking it off 1 1/2 months early. I still have a nice size position in Jan (short 30 puts) that I’ll keep on.
Closing Nov ESRX
Bought to close $ESRX Nov 17 52.50 puts @ .44. Sold for 1.36 on 5/11.
Taking almost 70% max profit out about 2 1/2 months early.
Closing Sep AZO
Getting out of this for around 65% of max profit when it was deep underwater as recently as last week. The options were trading as high as 15 in early July when the stock made its excursion below 500 into the 490s. I thought this one was going to have to get rolled out based on how it was acting but the modest recovery sucked the premium out of the options. Taking the profit a couple of weeks early and not looking back.
Bought to close $AZO Sep 15 480 puts @ .85. Sold for 2.50 on 5/23.
$SVXY #ShortPuts Sold to open…
$SVXY #ShortPuts Sold to open Sept 29th 65 Put @ 2.05 with SVXY @ 78.04, just off VWAP. Only 1 contract in case it breaks lower.
lunch trades, only time i…
lunch trades, only time i get to trade most of the week
rolled xbi 9/15 75 put to 10/6 77 put for 0.9 credit. sold for 1.06 off a ladder roll about a month ago. keeping 3-4 weeks of a rolling ladder going.
btc swks this week 101 put for 0.35. sold for 1.06 as part of recovery rolls over a month ago. nice to finally be done with this one. i set up a ladder when it was up around 112. then dropped as low as 94-95 so have been rolling for about 6-8 weeks and finally have the original profit back. this is still a good one for ladders but i am going to leave it alone for a few weeks.
these freed up some cash/margin for the next drop or vol. increase!
svxy synthetic is looking great for this week. will update tomorrow or friday and roll to new positions.
#spxcampaign sto call oct 2/2515/2540…
sto call oct 2/2515/2540 @ 1.70
may not be top ..but close!
#spxcampaign closing out puts to…
closing out puts to release capitol and wait for next down leg/
btc put sept 15/2320/2295 @ .40 had sold for 1.70
btc put sept 15/2350/2325 @ .65 had sold for 1.90
btc put sept 22 / 2330/2305 @ .85 had sold for 1.50
VIX dropping
#SPXcampaign #VIXINdicator With the VIX breaking below its intraday consolidation and SPX shooting higher, I’m beginning the process of reversing my SPX campaign positions from short to long. The Downside signal will not officially be over until a close below 10.65, but today it’s certainly looking to be headed there.
CBI puts
Not my typical strategy but IV rank is still high from its big August move down (IVR 63). Stock is moving up strongly today so selling puts with IV still high. Strike price is near the lows from mid-August.
Sold $CBI Oct 20 10 puts @ .38.
SPX trades
#SPXcampaign Sold to Open $SPX Sep 15th 2480/2505 call spreads for 3.00. Extra spread offsetting existing put spreads; looking to sell a put spread in a different expiry.
Closed on GTC order: Sep 8th 2340/2315 put spreads for .20. Sold for 1.50 on Aug 10th.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close 1 UVXY1(25 shares) Sep 15 2017 60.0 Call @ 0.01. It won’t trade any lower.
Originally sold on 03/23/2017 @ 2.75
From the SMM/Omm forum this…
From the SMM/OMM forum this morning – psst … Don’t worry if you are no longer a member.
#OT #NYCPicnic – 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.
$SVXY #ShortPuts – yesterday, knowing…
$SVXY #ShortPuts – yesterday, knowing that the VIX was up 2 points, I put in a rolling order for Puts for this week. The quick morning rally is SVXY allowed the order to fill before 11am and then the stock just kept moving up. I’ll still take the profit on this week’s puts as I continue to lower the strike prices on my puts.
Bought to close SVXY Sep 1 2018 77.5 Puts/Sold SVXY Sep 22 2018 72.0 Puts @ 1.10 Credit
$APA $RRC $UAA #ShortPuts -…
$APA $RRC $UAA #ShortPuts – all falling knives for now
Sold 1 APA Apr 20 2018 32.5 Call @ 1.67 with the stock at 38.50
Sold 1 UAA Jan 19 2018 15.0 Call @ 1.11 with the stock at 16.50
Sold 1 RRC Jan 10 2018 16.0 Put @ 1.40 with the stock at 17.50
$NUGT #CoveredCalls – Sold NUGT…
$NUGT #CoveredCalls – Sold NUGT (25 shares) Jan 19 2018 16 Calls @ 0.58.
Equal to a 64.0 Strike price on 100 shares.
$DUST #ShortPuts #Speculation – in…
$DUST #ShortPuts #Speculation – in case the run in gold runs out of gas –
Sold DUST Sep 1 2017 21.0 Puts @ 0.40 – these expire Friday
Sold DUST Sep 8 2017 20.0 Puts @ 0.40.
Strike prices a point lower than yesterday’s trades.
$TRIP #ShortPuts – Bought to…
$TRIP #ShortPuts – Bought to close TRIP Sep 15 2017 35.0 Puts @ 0.05.
It won’t trade any lower.
Originally sold 2/23/17 at 1.40
SPX Campaign Short Puts
Following @jeffcp66
#spxcampaign
$SPX STO 9/15 2485/2460 BECS @ 7.15
$SPX STO 9/22 2500/2475 BECS @ 5.20
Following @ramie77#shortputs
$BBY STO 10/20 52.50 puts @ 1.62
$AAOI STO 10/20 50 puts @ 2.00 Thank you @ramie77
BBY adding
Adding just a bit here. Sold a small position of the $BBY Oct 20 52.50 puts earlier today. With the further down move I just sold Oct 20 50.00 puts for 1.00.
SPX reversal?
#SPXcampaign The huge reversal in SPX and big drop in VIX (looking to end down on the day) could signal a sort-term bottom is in. I am looking to close some call spreads with profits; if there is a follow-through rally tomorrow, I will be facing a serious drawdown if I don’t close some today.
LMAO…all three AMZN stories in the same Street.com email update
https://www.thestreet.com/story/14285119/1/amazon-will-leave-carnage-as-it-steamrolls-through-grocery-industry.html?puc=_htmlttt_pla6&cm_ven=EMAIL_htmlttt&tstmem=65338268&utm_source=newsletter&utm_medium=email&utm_campaign=TTEN&utm_term=Amazon+Will+Leave+Carnage+as+It+Steamrolls+Through+Grocery+Industry
https://www.thestreet.com/story/14285932/1/here-are-the-benefits-amazon-prime-members-will-get-at-whole-foods.html?puc=_htmlttt_pla7&cm_ven=EMAIL_htmlttt&tstmem=65338268&utm_source=newsletter&utm_medium=email&utm_campaign=TTEN&utm_term=Here+Are+the+Benefits+Amazon+Prime+Members+Will+Get+at+Whole+Foods
https://www.thestreet.com/story/14287148/1/amazon-on-the-verge-of-a-colossal-breakdown-after-whole-foods-m-amp-a-chart.html?puc=_htmlttt_pla8&cm_ven=EMAIL_htmlttt&tstmem=65338268&utm_source=newsletter&utm_medium=email&utm_campaign=TTEN&utm_term=Amazon+Is+on+the+Verge+of+a+Colossal+Breakdown+After+Whole+Foods+Deal
#fallingknife BBY Does anyone see…
#fallingknife BBY
Does anyone see BBY as a falling knife? It’s down 7.60, 12% after earnings.
$SVXY #SportPuts Sold Sept 22nd…
$SVXY #SportPuts Sold Sept 22nd 60 Puts @ 1.25 when $SVXY was at 76.45. I was adjusting down my price from this morning which wasn’t filled and got too close to the mid. Should have walked down instead of leaping.
#shortcallspreads CMG Sold Sept.15 330/335…
#shortcallspreads CMG
Sold Sept.15 330/335 at .70 each
SPX calls sold
#SPXcampaign Another downside signal fired in premarket with VIX high of 14.34. I’ve profited greatly from call spreads in August, and I’m banking there’s more time left before the next rally to new highs.
Sold to Open $SPX Sep 14th 2460/2485 call spreads for 6.00.
Sold to Open $SPX Sep 22nd 2475/2500 call spreads for 4.50.
Also trying to sell put spreads since the open. I’ve been waiting for a stronger spike down, but it’s not coming. Always a possibility that this morning’s open was the low.
A little DRIP
Sold $DRIP Nov 17 40 calls @ 2.00. Highest strike in Nov.
GLD
#PerpetualRollingStrangles – Bought to Close GLD SEP 1 2017 122.0 Puts @ .05 (sold for 1.00)
$UVXY #CoveredCalls – Sold UVXY1…
$UVXY #CoveredCalls – Sold UVXY1 (25 shares) SEP 15 2017 12.0 Calls @ 0.42 against an odd lot of stock.
Equivalent to a 48.0 strike price.
TLT
#PerpetualRollingStrangles – Set a stop on next week’s 126.5s at 50 percent of max profit. Selling a new batch for slight delta adjustment.
Sold TLT SEP 22 2017 126.5 Puts @ .70
$UVXY #CoveredCalls – Sold UVXY1…
$UVXY #CoveredCalls – Sold UVXY1 (25 shares) SEP 15 2017 11.0 Calls @ 0.59 against an odd lot of stock.
Equivalent to a 44.0 strike price.
BBY Oct
$BBY On the post-earnings move down, sold Oct 20 52.50 puts (27 delta) for 1.46. Strike price is below the July lows.
$NUGT #CoveredCalls – Sold NUGT1…
$NUGT #CoveredCalls – Sold NUGT1 (25 shares) SEP 15 2017 11.0 Calls @ 0.30 against an odd lot of stock.
Equivalent to a 44.0 strike price.
$UVXY $SVXY
STO $UVXY Sep 1 $39 call @ $1.00
STO $UVXY Sep 1 $46 calls @ $.50
STO $UVXY Mar’18 $91 call @ $8.15
STO $SVXY Sep 15 $49 puts @ $.50
NUGT call
#ContangoETFs Sold $NUGT Dec 15th 51 call for 3.80, adding to my position.
UVXY Oct
Sold $UVXY Oct 20 80 calls @ 3.00. Highest strike.
Good morning
A bit ugly this morning.
Closed Early
#spxcampaign
$SPX BTC 9/15 2545/2520 BECS @ 89% profit
$SPX BTC 9/15 2540/2515 BECS @ 91% profit
$DUST #ShortPuts #Speculation – in…
$DUST #ShortPuts #Speculation – in case the run in gold runs out of gas –
Sold DUST Sep 1 2017 22.0 Puts @ 0.40 – these expire Friday
Sold DUST Sep 8 2017 21.0 Puts @ 0.40.
Both trades when the stock was about 22.70.
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT Sep 1 2017 40.0 Calls @ 0.44 with the stock at 37.58. These expire Friday.
$SLV #ShortPuts – Bought to…
$SLV #ShortPuts – Bought to close SLV Oct 20 2017 13.5 Puts @ 0.01.
They won’t trade any lower and still have two months to run.
$SJM #ShortPuts #FallingKnife – Sold…
$SJM #ShortPuts #FallingKnife – Sold 1 SJM Jan 19 2018 95.0 Put @ 1.65 with the stock at 104.28
$NUGT #CoveredCalls – Sold 3…
$NUGT #CoveredCalls – Sold 3 NUGT 25/100 Sep 15 2017 10.0 Calls @ 0.30 against a 75 share position.
The effective strike price is 40.0
BBY earnings
#Earnings Sold to Open $BBY 57.5 puts for 1.06. Biggest UP move: 21.5%, Biggest DOWN move: -7.4%, Average move: 8.6%. This trade is 7.5% OTM.
NUGT calls
Sold at the highest strikes:
$NUGT Oct 20 50 calls @ 1.30
$NUGT Dec 15 58 calls @ 2.00
NUGT new highs
#ContangoETF’s $NUGT hitting multi-week highs.
BTC NUGT Sep 15th 51 call for .15. Sold for 4.60 on May 17th.
STO NUGT Oct 45 call for 2.00.
NUGT
Buy stock at $37.32, sell calls (partial coverage) Sept 15 $35 for $3.60. Maybe later this week will get more premium for remainder of calls to cover.
$FOSL #ShortPuts – Bought to…
$FOSL #ShortPuts – Bought to close 1 FOSL NOV 17 2017 9.0 Put @ 1.20.
Originally sold at 1.40 right before the stock tanked to 6.80.
Once it got that far ITM, I knew I should cover this put if given a chance.
I got that today when the stock rallied back close to the strike price.
I’ll revisit this one with lower strike puts at some future date.
$CVX #ShortPuts – Bought to…
$CVX #ShortPuts – Bought to close 1 CVX SEP 15 2017 90.0 Put @ 0.01
Originally sold on 04/17/2017 at 1.33
GLD
#PerpetualRollingStrangles – I’ve got a stop on this week’s 122’s at 75 percent of max profit. Selling aggressively for next week. As long as gold holds 1300 these should work…
Sold GLD SEP 8 2017 124.5 Puts @ 1.24
$SVXY #CoveredCalls – sold these…
$SVXY #CoveredCalls – sold these on the opening with the stock at 78.96
Sold SVXY SEP 1 2017 81 Calls @ 0.98
Sold SVXY SEP 1 2017 81.25 Calls @ 0.97
Sold SVXY SEP 1 2017 81.75 Calls @ 0.78
Sold SVXY SEP 1 2017 82.0 Calls @ 0.66
Sold SVXY SEP 1 2017 82.25 Calls @ 0.61
Sold SVXY SEP 1 2017 82.5 Calls @ 0.50
Sold SVXY SEP 1 2017 82.75 Calls @ 0.43
These all expire Friday
AAOI Oct
Sold $AAOI Oct 20 50 puts @ 2.40 with the stock at 60.76. Willing to go long the stock at a basis of 47.60.
#ShortPuts $SVXY Sold to open…
#ShortPuts $SVXY Sold to open October 60 Puts @ 2.70 when the stock was at 77.84. Muffed the price. I’m using this longer period than my usual 3 week time frame much like Iceman and others do to see if a 2 month rolling strategy will work for me.
XBI rolled this week 77…
XBI rolled this week 77 puts to 9/22 for 0.8 credit. Originally sold for 1.06.
Did not take my own advice on friday. Was about to close SWKS 101 puts that had decayed to .033 after several rolls and instead thought no I will let them close this week and avoid the commission. Gapped down 2 points this morning so after 7 weeks of recovering a 16 point drop still have to baby sit this one. Will roll it later in the week once the time value decays out.
SVXY #shortputs BTC Sept 28…
SVXY #shortputs
BTC Sept 28 $55 put for $1.10, sold for $3.18 10 days ago.
SPX calls sold
#SPXcampaign Sold to Open $SPX Sep 29th 2505/2530 call spreads for 1.65, with SPX at 2444.
SPX calls closed
#SPXcampaign Bought to close $SPX Aug 28th 2455 calls for .25. Sold in a #CondorRoll for 4.40 on Aug 21st.
UVXY
Roll Sept 08 $32.5 put to Dec 15 $50 call for $2.20 cr. I want to close my short UVXY on my timing and not wait to be put offsetting shares in 2 weeks. I believe the Dec call is safe from margin calls in forseeable future.
CMG
#LongCallDiagonals – After my email exchange with @DJ this weekend I’m bailing on this position for now. He lays out a very good case for more possible downside in this thing. With a small bounce at the open and some weakness now was able to leg out of the Leaps and the short calls for a 1.04 winner.
I’ll keep it on the watchlist and see when she firms up and then re-evaluate….
Thanks DJ for all the effort!
$UVXY
BTC Sep 15 $91 calls @ $.05, sold for $1.525 composite
BTC Sep 1 $55 calls @ $.05, sold 8/24 for .31
Continuing to lighten up into strength. Doing everything I can to guarantee the the market will scream higher vs. roll over and go lower like 99% of people think it is going to do. 🙂 🙂
Econ Calendar for week of 8/28/17
JOBS report on Friday. Markets CLOSED next Monday.
Good morning
Barron’s had a bearish article about the market and tesla as well.
Economic Data
8:30am EST Goods Trade Balance – street sees -64.5B
8:30am EST Prelim Wholesale Inventories m/m – street sees 0.3%
Earnings before Open
STANDEX INTL CO (SXI) – consensus 1.29
Earnings After Markets Close
AMER SOFTWARE A (AMSWA) – consensus 0.04
CATALENT INC (CTLT) – consensus 0.56
EXA CORP (EXA) – consensus -0.20
PAREXEL INTL CP (PRXL) – consensus 0.94
PERCEPTRON INC (PRCP) – consensus 0.05
PROSPECT CAP CP (PSEC) – consensus 0.20
Notable Earnings After the Close,…
Notable Earnings After the Close, Monday or Before the Open on Tuesday:
BBY, BMO, BNS, CTLT, HAIN, JILL, PRXL, PSEC, SFUN
Notable Earnings After the Close, Tuesday or Before the Open on Wednesday:
ADI, AVAV, BF.B, BNED, BOBE, CAL, CHS, DY, HRB, NCS, OLLI, VRA
Notable Earnings After the Close, Wednesday or Before the Open on Thursday:
BOX, CIEN, CPB, CTRP, DG, FIVE, GCO, KEYS, LE, SMTC, TD, WDAY
Notable Earnings After the Close, Thursday or Before the Open on Friday:
AMBA, COO, LULU, NTNX, PANW, TECD
Expirations
Full Profit
$NTES 287.50 call (covered)
$AAOI 60 put
$MOMO 50 call (covered – unfortunately) Held over earnings
Full Loss
$ULTA 245/250 BUCS
Assigned
$AAOI 70 put (Basis 65.55)
#spxcampaign Friday at close btc…
#expectedweeklymove spx
SPX Chart and VIX Indicator…
SPX Chart and VIX Indicator have been updated
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close UVXY1(25 shares) SEP 15 2017 60.0 Calls @ 0.01.
Originally sold @ 6.75, and months later at 2.81
$SVXY #CoveredCalls – Sold these…
$SVXY #CoveredCalls – Sold these after the market closed with the stock right around 78.
Sold SVXY SEP 1 2017 81.75 Calls @ 0.68
Sold SVXY SEP 1 2017 82.25 Calls @ 0.54
Sold SVXY SEP 1 2017 82.5 Calls @ 0.45.
These replace some similar calls from this week
$SVXY #ShortPuts #IRA #RollDown -split…
$SVXY #ShortPuts #IRA #RollDown -split my remaining ITM short puts into two pieces to spread the risk on the opening this morning.
Bought to close SVXY AUG 25 2017 79.0 Puts @ 2.03 – took a nice gain on these
Sold SVXY Sep 1 2017 76.0 Puts @ 2.13
Sold SVXY Sep 8 2017 73.0 Puts @ 2.13
