#ShortCalls – January positions look pretty safe so let’s take a small shot in Dec and give it something to shoot for. Gonna take a lot of work and repair to get back to all time highs and to exceed the trend line that’s stood the test of time as a guide to my call selling. Still some nice premium in these but going with a starter for now…
Sold 1 SVXY DEC 15 2017 100.0 Call @ 2.60
#SPXcampaign Sold to Open $SPX Sept 22nd 2330/2305 put spreads for 1.50, with SPX at 2445.
Anyone know a good ETF with weeklies and decent volume? XTN no options and IYT no weeklies. Anything else?
Taking Iceman’s trade from yesterday. Risky, since the stock is a lot closer to the strike today but any kind of move up in the next 2 days will deflate the premium quickly. If I’m wrong, I’ll roll out.
Sold $CMG Aug 25 295 puts @ 1.20.
On vacation but at home and market is giving some opportunities.
Rolled WDC this week cc at 84 and 85 to 9/8 for 0.25 credit rolling up to 85 and the others were rolled to 84 at 0.90-0.97. Cost basis now under strike, will probably let assignment happen in 2 weeks if we are still above and then restart put ladder.
Will update the VXX synthetic on Friday, so far so good……….
#ShortStrangles – Back into an old favorite…filled at the open but could do better now.
Sold REGN SEP 29 2017 430.0/530.0 Strangle @ 7.00
#Earnings Bought to close $CRM Aug 25th 90 puts for .10. Sold yesterday in the 90/85 put spread for 1.00. I will keep the longs as lottery tickets.
$UVXY #ShortCalls – mid week sales for this week’s expiration with the stock at 33.08.
Sold UVXY AUG 25 2017 46.5 Calls @ 0.25
Sold UVXY AUG 25 2017 47.0 Calls @ 0.24
Strikes are above the stock peak on 8/11 of 45.73
This could be an interesting day.
$DVN #ShortPuts #FallingKnife – Sold 1 DVN JAN 19 2018 26.0 Put @ 1.12 with the stock at 30.20.
The 1-year low is 28.79
$GWW #CoveredCalls – Sold GWW SEP 15 2017 175.0 Calls @ 0.45 with the stock at 163.94
$SVXY #CoveredCalls – after hours fills as the stock rises above the 79.18 HOD.
I’m done selling covered Calls for now.
— for this week —
Sold SVXY Aug 25 2017 81.5 Calls @ 0.38
Sold SVXY Aug 25 2017 82.0 Calls @ 0.52
— for next week —
Sold 1 SVXY Sep 1 2017 83.0 Call @ 1.17
Sold 1 SVXY Sep 1 2017 83.5 Call @ 1.02
Sold SVXY Sep 1 2017 84.0 Calls @ 0.80
Sold SVXY Sep 1 2017 84.5 Calls @ 0.70
did not want to roll this either had 10 days to go..
rolled call 2450/2475 from sept 1 to sept 29 2.95 credit total collected so far 6.55.
$SVXY #ShortPuts #IRA – I’m rolling more puts with big gains in them.
Bought to close SVXY Aug 25 2017 80.0 Puts/Sold SVXY Sep 8 2017 75.0 Puts @ 0.50 Credit
Originally sold at 11.42 on a rollout on Aug 11.
$SVXY #ShortPuts #IRA – echoing Jeff’s concerns about this being a head fake rally I’m rolling more of my ITM and near ITM puts with big gains in them.
Bought to close SVXY Aug 25 2017 79.0 Puts/Sold SVXY Sep 15 2017 69.0 Puts @ 0.20 Credit – a 10 point improvement.
Originally sold at 10.32 on another rolldown
#SPXcampaign Closed on GTC orders:
$SPX Aug 25th 2380/2355 put spreads for .20. Sold for 1.40 on July 27th.
$SPX Aug 28th 2385/2360 put spreads for .20. Sold yesterday as part of a #CondorRoll for 4.40 (the call side has gone above 7.50, however).
#SPXcampaign Is this a head-fake rally? Quite possibly. But that has not been the case in the last several volatility spikes. When the market starts going up strongly, it keeps going. So I’m forced to roll this second #ITMroll.
Closed $SPX Aug 25th 2450/2475 call spreads for 8.25. Sold for 16.25 on Aug 14th.
Rolled to Sep 1st 2460/2485 call spreads for 7.85.
Rolled up 10 points for only a minor debit. Will be looking for the direction tomorrow.
#VXXGame Closing some profitable short vol positions:
BTC $SVXY Sep 15th put for .41. Sold for 1.90 on Aug 10th
BTC $UVXY Sep 15th 68 call for .45. Sold for 4.70 on Aug 10th.
BTC $UVXY Sep 15th 91 call for .18. Sold for 1.85 on Aug 17th.
BTC $UVXY Sep 1st 68 call for .15. Sold for 1.50 on Aug 17th.
$M #CoveredCalls – Sold M AUG 25 2017 21.0 Calls @ 0.11. Not much premium but these expire in 3 days and I can do it again.
Or … I’ll accept assignment
#LongPutDiagonals – Impressive volatility collapse. Making an adjustment here.
Rolled UVXY SEP 1 2017 31.0 Puts to SEP 22 2017 29.0 Puts @ .96 credit
#ShortStrangles – Current position nicely profitable so adding one a couple weeks further out.
Sold NVDA SEP 29 2017 150.0/180.0 Strangle @ 4.65
$SVXY #ShortPuts #Rolldown – after a double dip below 70 last week I’m rolling down my highest strike puts for this week.
Bought to close SVXY Aug 25 2017 79.0 Puts/Sold SVXY Sep 15 2017 74.0 Puts @ 1.10 Credit.
With the extra income from the roll I’ve lowered my breakeven 6 points.
These 79’s were rolled down from Aug 11 81’s on 8/11 for a credit and were sold at 7.37.
So far, rolling SVXY puts is working because of the big forward premium.
Following Iceman’s lead and thinning out short calls at some of the lowest strikes I have in some of these expiration cycles. All nicely profitable.
Bought to close:
$UVXY Sep 22 64 calls @ 1.10. Sold for 4.95 and 6.00 on 8/10.
$UVXY Sep 22 55 calls @ 1.38. Sold for 3.13 on 8/9.
$UVXY Sep 15 68 calls @ .46. Sold for 2.85 and 4.10 on 8/10.
$UVXY Sep 15 65 calls @ .54. Sold for 2.27 on 8/9.
#earningstrade LOW
Sept. 15 IC 65/70/75/80 for 1.04
$SVXY #CoveredCalls – Adding to my trades from this morning with the stock nearing 79
Sold SVXY Sep 1 2017 83.5 Calls @ 0.90
Sold SVXY Sep 1 2017 84.0 Calls @ 0.70
Sold SVXY Sep 1 2017 84.5 Calls @ 0.60
$UVXY #ShortCalls #ClassicVXXGame – on 08/09/2017 I sold the first of several UVXY Mar 16 2018 60.0 Calls @ 10.10.
I’ve covered the first of those at 8.50, since I was also able to sell Mar 82 Calls and Mar 91 Calls for more than 8.50.
I’ll try to cover another one a point lower.
$SVXY #CoveredCalls – Adding to my trades from this morning with the stock nearing 78
Sold SVXY Sep 1 2017 83.5 Calls @ 0.70
Sold SVXY Sep 1 2017 84.0 Calls @ 0.60
$SVXY #CoveredCalls – Adding to my trades from this morning with the stock peeking above 77
Sold SVXY Aug 25 2017 81.0 Calls @ 0.37
Sold SVXY Aug 25 2017 82 Calls @ 0.21
Sold SVXY Sep 1 2017 83.0 Calls @ 0.80
UVXY #shortcalls #longput
Took a flyer selling $32 call and buying $32 put for 0.60 credit, expires Friday so if no downward movement let’s just stay about $32.
edit credit value.
#Earnings Sold to open $CRM Aug 25th 90/85 put spreads for 1.00. Bullish trade due to historical perfomance and current trend.
Biggest UP move: 11.7%, Biggest DOWN move: -4.5%, Average move: 5.0%. This trade is -2.4% OTM.
sto call, sept 22, 2505/2530 @ 1.90
I did the same with my December 65 short calls. BTC At 5.95 where I sold them and sold the December 91 calls @4.40,picking up a better strike price.
Gartman says he is uneasy being short.
BTC January 2018, 65 call @ 6.95 for the same price I sold them at and, STO January 91 calls @5.35 picking up 26 points in the strike price.
$SVXY #CoveredCalls – sold some to replace the ones that expired last week.
Sold SVXY Aug 25 2017 81.0 Calls @ 0.26
Sold SVXY Aug 25 2017 81.5 Calls @ 0.26
Sold SVXY Sep 1 2017 83.0 Calls @ 0.70
Sold SVXY Sep 1 2017 83.5 Calls @ 0.60
After I win the powerball I will take a vacation from trading unless I get bored.
#CoveredCalls – This roll puts the position back in the green…
Rolled ISRG SEP 1 2017 900.0 Call to SEP 22 2017 902.5 Call @ .65 credit.
Planning 2 more rolls on it. Next one will be into first or second week of October just prior to earnings. Then the final roll will be into earnings for a nice credit. I’ll keep the strike well in the money for downside protection and gather up some premium and then ship it!
#ModifiedVXXGame – Last week sold some 11/13 VXX call spreads for a buck. Sold them in a size where after the split they’ll be one tenth of a full position. Didn’t quite make it back to profitability so closed the long 13 calls on Friday and accepted the short assignment at a basis of 12.30
Then:
Sold VXX AUG 25 2017 12.0 Puts @ .13
I’ll be shorting the stock or selling aggressive call spreads to establish a short position after the split. Working towards a long term short position with protective calls to match up with a similar trade on UVXY.
Just a few thoughts. Since the high on August 8, we have retreated a bit more than 20% from the high. It seems to me that if we ever got a real correction or panic in this market, we could see this ETF down in the 20 to 25 range. I am not predicting but looking over my shoulder.
#LongCallDiagonals – Lots of overhead resistance. Rolling down this week for additional credit.
Rolled AMZN AUG 25 2017 975.0 Call to AUG 25 2017 957.5 Call @ 3.60 credit.
Total credit on this one now up to 13.50
Taking this off for 55% of the potential profit:
Bought to close $PYPL 9/15 55/62.50 strangles @ .60. Sold for 1.33 on 8/2.
Took advantage of some strength today to exit the last of my UVXY call spreads.
BTC Sep 1 $35/$36 Call Spreads for even
BTC Aug 25 $30/$35 Call Spreads for $400 loss, was only short a couple and loss was manageable.
I “hoped” that we’d see a nice rebound this morning and I’d be able to exit these for even better prices. I just don’t trust the market right now, don’t like that it just can’t rally. I put on the spreads as a defined risk way of playing the decay of $UVXY, and it worked just as expected limiting the impact on the account during a spike. What is different this time was the 2nd spike very close to the first one, and now it would appear that everyone is timid and the market is just not able to rally. Volatility is remaining somewhat elevated for a longer period of time causing these positions to be problematic. When these stay in the money and get near expiration, theta is really working against you and to roll as a vertical for a credit you have to make the spread incredibly wide, so I just cleared out of these.
I am getting nervous about this market so, BTC December 70 puts @2.48, Sold @ 4.60
$FLR #ShortPuts – Sold FLR(Weekly) Sep 29 2017 35.0 Puts @ 0.60 with the stock at 37.14
$HES #ShortPuts – with the stock at 37.94
Sold HES(Weekly) Aug 25 2017 36.5 Puts @ 0.25
Sold HES(Weekly) Sep 22 2017 34.0 Puts @ 0.53
$CMG #ShortPuts – Sold CMG(Weekly) Aug 25 2017 295.0 Puts @ 1.20 with the stock at 308.48
$ANF #CoveredCalls – Sold ANF(Weekly) AUG 25 2017 11.0 Calls @ 0.15 with the stock at 9.31
$PANW #ShortPuts – Bought to close PANW Sep 15 2017 80.0 Puts @ 0.05. They won’t trade any lower and there are still a four weeks until expiration.
Originally sold in March at 1.35 and April at 1.55.
#earnings #shortcallspreads TSLA
I had an Aug. 18 285/290/360/365 IC for earnings which were Aug. 2, rolled the calls to Sept. 15 375/385, closed them today for a plus .48 on the calls after all was said and done.
On Aug. 3, day after earnings, sold a Sept 15 390/405 call spread for 1.69, closed today for .52.
TSLA is down 10 so far today to 336.
Highest strike in October.
Sold $DRIP Oct 20 41 calls @ 1.50.
Adjusting my Sep 134/142 strangle. With $IWM testing the 134 put, I rolled the 142 calls down to 138 (26 delta) for .64 credit. Position is now 134/138 strangle.
BTC December 55 puts @7.30, sold at 10.10 I am just not comfortable with this stock so closing early.
#SPXcampaign. Closed $SPX Aug 23rd 2445/2470 call spreads for 1.15. Sold for 19.50 on Aug 9th as an #ITMroll. Finally out of one… one more to go.
Also, Stopped out of Aug 30th 2425/2400 put spreads for 8.60. Sold for 6.00 last Thursday as a roll. I would normally watch this one longer but I won’t be at my computer most of today. I will look to sell and aggressive roll later this week.
#SPXcampaign. Closed on GTC order: $SPX Sep 8th 2510/2535 call spreads for .20. Sold for 1.75 on Aug 10th.
#CondorRoll. Sold Aug 28th 2360/2385/2455/2480 iron condors for 4.40, as a roll from a put spread stopped last week. This one will be on a tight leash; one week to expiry.
Sold to Open Sept 25th 2500/2525 call spreads for 1.60, with SPX at 2421.
STO September 15, 95 covered calls @2.05
Looks like I missed some more fireworks last week. Hope you all were able to take advantage of the volatility. I was forcing myself to keep the trading to a minimum. It was tough on Thursday 🙂
In the path, totality will occur approx 1 hour 10 minutes after start of eclipse.
Notable Earnings After the Close, Monday or Before the Open on Tuesday:
BZUN, CMCM, COTY, DSW, FN, JASO, MDT, MOMO, NDSN, NM, PINC, TOL, ZAYO
Notable Earnings After the Close, Tuesday or Before the Open on Wednesday:
AEO, ARAY, CREE, CRM, EV, EXPR, INTU, LOW, LZB, RY, VNET, ZTO
Notable Earnings After the Close, Wednesday or Before the Open on Thursday:
ANF, BURL, CM, CO, DLTR, DXLG, GES, HPQ, HRL, LCI, MIK, NOMD, PDCO, PRXL, PVH, SAFM, SDRL, SHLD, SIG, SJM, SPLS, TIF, TREE, TTC, TUES, WSM, XL
Notable Earnings After the Close, Thursday or Before the Open on Friday:
ADSK, AVGO, BIG, BRCD, GME, MRVL, PSTG, SPLK, ULTA, VEEV, VMW
#spxexpected move
Expired Full Profit
$LABU 62 call (covered)
$SPX 2295/2320 BUPS
$SPX 2385/2410 BUPS
$SPX 2350/2375 BUPS
$SVXY 81 calls Thank you @optioniceman
$GOOGL 1010/990 BECS
$GDDY 40 put Earnings trade
$PYPL 61 call
$PYPL 59 put
$NVDA 145/150 BUPS
$AMZN 940/950 BUPS
$AMZN 1050/1045 BECS
$WYNN 125/130 BUPS
$VEEV 60 put
$COST 150/155 BUPS
$COST 160 call (Covered)
$SVXY 45 put
$SVXY 82 call (covered idea from @optioniceman)
$BABA 130/140 BUPS
$BABA 135/145 BUPS
$NVDA 135/145 BUPS
MS 45 put
Expired Full Loss
$AMZN 1010/1045 BUCS (really bad loss)
$VEEV 65/70 BUCS
$UVXY 32/27 BECS
$PYPL 62 call (long)
$VRX 17/20 BUCS
$SWIR 30 calls
$GOOGL 940/960 BUPS
$JD 42/44 BUCS full loss
Believe it or not I did have a positive month end OPEX. I have to learn
that just because I am bullish does not mean the stock agrees with me.
Some of these stocks were downright disagreeable. I have to learn how
to place stops and be pleased that I am preserving some capital when a
trade goes against my premise. Sort of rant over. I feel better. Perhaps
that’s because I played golf this morning.
Thanks to everyone for all your assistance.
Have a great weekend and a magnificent eclipse.
#SPXcampaign — it’s been awhile since I was able to catch up, but the chart is now up to date. Ask questions anytime.
DKL probably get assigned on this one, didn’t follow the rules, STO DKL Aug 18 40 put @ 5.50 (ITM) Jul 31, share price at 35.54, knowing that earnings was coming on Aug 2, did I think it would hold…duh…it closed today at 30.00. I did want the stock for its .705 qtr div, however I should have looked more closely at volume/OI and ability to roll, I do have it at 34.50 cost basis but recovery on div alone will take 49.28571 quarters…not going there in years…just considering this a “legacy trade” for the grandkids.
TRTN might be assigned at cost basis of 33.18 closed at 33.65? Another one of my div keepers at .45 qtr.
Enjoy your weekend…
Jeff, thanks for the cool screensaver…
SVXY $37.5 puts
UVXY $46.5 call
UVXY $50 call
UVXY $65 calls
UVXY $82 calls
Closed out UVXY $35/$39 call spreads for a loss. Decided to wait until Monday to see what happens with the market before adding any more new positions.
Interesting week.
Have a great weekend
#OptionsExpiration #ContangoETFs #VXXGame #Earnings
— Expired w/Max Profit —
DRIP 35 call
UVXY 68 call
— #Assignment —
PLCE 110 puts, taking stock with 108.00 cost basis.
I will check in Monday from our Eclipse campsite in Dallas, Oregon!
#Earnings – Lottery ticket going away today. Taking the .25 loss and moving on. No desire to take the stock of a company that might not be around on Monday!
$SVXY #ShortPuts #Rolldown – with only 5 minutes of trading left it’s time to move more positions.
Bought to close SVXY Aug 18 2017 71.5 Puts/Sold SVXY Aug 25 2017 62.0 Puts @ 0.19 Credit
Bought to close SVXY Aug 18 2017 71.0 Puts/Sold SVXY Aug 25 2017 61.0 Puts @ 0.55 Credit
#Earnings BTC $WMT Aug 18th 81.5 puts for 2.09. Sold in the #BrokenWingButterfly for 2.00 on Wednesday. Small loss; could have been a medium winner had I closed on this morning’s peak, but didn’t anticipate such a pullback.
I will have the following expirations in my IRA today:
SVXY: 42.5 puts,45 puts, and 47.5 puts
I will be assigned on INGN 95 puts but the cost basis will be 90.32 and will write covered calls next week.
I have the following SVXY expirations today:
37.5 puts,40 puts,42.5 puts,45 puts,47.5 puts,55 puts,56 puts,57 puts,58 puts, and 59 puts.
$SVXY #ShortPuts #Rolldown – with only 30 minutes of trading left it’s time to move some positions.
Bought to close SVXY Aug 18 2017 72.0 Puts/Sold SVXY Aug 25 2017 65.0 Puts @ 0.06 Credit
Bought to close SVXY Aug 18 2017 73.0 Puts/Sold SVXY Aug 25 2017 68.0 Puts @ 0.19 Credit
Bought to close SVXY Aug 18 2017 74.0 Puts/Sold SVXY Aug 25 2017 71.0 Puts @ 0.15 Credit.
Only needed to move out 1 week because these were not in the money very much.
I didn’t take the stock because I have plenty already.
$UVXY #ShortCalls – Sold UVXY SEP 1 2017 91.0 Calls @ 0.91 with the stock at 40.20.
