$INTC $GE $VZ- Some of the bluest of the blue chips are starting to crack. Worth noting because the #FAANG stocks can’t hold this market up all by themselves.
Recent Updates Page 412
$UAA #ShortPuts – Bought to…
$UAA #ShortPuts – Bought to close UAA JUL 21 2017 17.5 Puts @ 0.01 in an IRA account.
Out two weeks early and there is no more to make here.
Sold 02/02/2017 @ 0.80.
XBI
#ShortPuts – Filled at the bell. Thanks @hcgdavis !
Sold XBI AUG 18 2017 71.0 Put @ .85
Sold XBI AUG 18 2017 72.0 Put @ 1.03
Sold XBI AUG 18 2017 73.0 Put @ 1.27
#spxcampaign roll spx 2430/2455 july…
roll spx 2430/2455 july 14.2017, to aug 14,2017,2450/2475
for 1.35 credit had collected on 2 previous rolls, 4.45. total so far 5.80.
Just need a good down day to close this one out! at least not itm now.
$NUGT #ShortPuts – Bought to…
$NUGT #ShortPuts – Bought to close 1 NUGT Jul 14 2017 28.0 Put @ 0.86 to close out a position at a profit that was over 2 points in the money in the pre-market this morning.
We have had a very small bump in $GLD (.2%) but a much bigger move in $NUGT (6%).
I still have more Puts a lower strikes.
SPX call spread closed
#SPXcampaign Bought to close $SPX June 10th 2430 calls for .95. Sold in the 2430/2455 call spreads for 15.00 on June 26th. Finally out of this #ITMroll.
Also, expiring today: June 10th 2445/2470 call spreads. Sold as part of a #CondorRoll for 5.60 on June 29th.
LH
STO November 145 puts @3.90
PEP earnings
#Earnings #CoveredCalls Sold to Open $PEP July 14th 110/113/117/120 iron condors for .85. Biggest UP move: 2.5%, Biggest DOWN move: -1.6%, Average move: 1.0%. The strikes are about 1.7% OTM with stock at 115.00
TSLA
#ShortStrangles – Trading short term against a longer term bull put spread…
Bought to Close TSLA JUL 14 2017 357.5 Call @ .06 (sold for 2.10)
Sold TSLA JUL 21 2017 335.0 Call @ 2.55
#spxcampaign modified Jeff’s earlier trade,…
#spxcampaign modified Jeff’s earlier trade, sold Aug. 11 2485/2490 @.55 each
NVDA
#ShortPuts #ShortStrangles – Looks like the selling is done for now. Getting what I can out of the long put side of some put spreads. Selling calls against the remaining short puts as well.
Sold to Close NVDA JUL 21 2017 150.0 Put @ 4.55
Sold to Close NVDA JUL 21 2017 150.0 Put @ 4.75
Sold to Close NVDA JUL 21 2017 150.0 Put @ 5.00
#rolling UVXY Rolled July 14,…
#rolling UVXY
Rolled July 14, 12.50 put to Aug. 18, 12 put for plus .50
SPX calls sold
#SPXcampaign Sold to Open $SPX Aug 11th 2485/2510 call spreads for 1.55.
STO 8/18 XBI 72 puts…
STO 8/18 XBI 72 puts at 1.07. Ladder complete. now just need time decay to work it’s magic.
Econ Calendar for week of 7/10/17
Economic Data
10:00am EST Labor Market Conditions Index m/m
3:00pm EST Consumer Credit m/m – street sees 12.1B
Earnings before Open
HELEN OF TROY (HELE) – consensus 1.13
Earnings After Markets Close
BARRACUDA NTWRK (CUDA) – consensus 0.08
GRUPO TELEVISA (TV) – consensus 0.14
SIMULATION PLUS (SLP) – consensus 0.11
#spx expected move for next…
#spx expected move for next week ending friday
#xle assigned 65 put had…
#xle
assigned 65 put had sold for .60
will sto cc next week
Expirations
$SVXY 113.5
$SVXY 140
Have a great weekend
#OptionsExpiration for Jul 7 $SVXY…
#OptionsExpiration for Jul 7
$SVXY Jul 7 113 puts
$SVXY Jul 7 114 puts
$SVXY Jul 7 114.5 puts
$UVXY Jul 7 13 calls
No assignments. If the rally continues into next week I’m going to look to take off some short SVXY puts at good profit %’s to reduce a bit of exposure. I have a feeling the volatility will be back soon.
Options Expiration 7/7/17
— Expiring —
SVXY 135 & 140 puts
SPX add-ons
#SPXcampaign Almost forgot I hadn’t sold my second put spread for the week. Regretting not being aggressive at the close yesterday; now I have to sell about 40 points higher than I could have.
Sold to Open $SPX Aug 4th 2330/2305 put spreads for 1.35.
Also, closed on GTC order: July 14th 2350/2325 put spreads for .20. Sold for 1.40 on June 14th.
#OptionsExpiration #Weeklys #July7 – Not…
#OptionsExpiration #Weeklys #July7 – Not much going on this week. A small correction ended up being wiped out by the close today. #BTFD
Nice to see another round of $DUST Puts expire.
No assignments this week, and a light week next week.
–Expirations —
DUST (Weekly) Jul 7 2017 28 Puts
DUST (Weekly) Jul 7 2017 34 Puts
TRIP (Weekly) Jul 7 2017 40 Calls (Covered)
SVXY (Weekly) Jul 7 2017 85 Puts
SVXY (Weekly) Jul 7 2017 90 Puts
SVXY (Weekly) Jul 7 2017 95 Puts
SVXY (Weekly) Jul 7 2017 105 Puts
SVXY (Weekly) Jul 7 2017 110 Puts
SVXY (Weekly) Jul 7 2017 113 Puts
SVXY (Weekly) Jul 7 2017 120 Puts
UVXY (Weekly) Jul 7 2017 11 Calls (Covered)
UVXY (Weekly) Jul 7 2017 11.5 Calls (Covered)
UVXY (Weekly) Jul 7 2017 12 Calls
UVXY (Weekly) Jul 7 2017 12.5 Calls
UVXY (Weekly) Jul 7 2017 13 Calls
UVXY (Weekly) Jul 7 2017 13.5 Calls
UVXY (Weekly) Jul 7 2017 14 Calls
UVXY (Weekly) Jul 7 2017 15 Calls
UVXY (Weekly) Jul 7 2017 16 Calls
UVXY (Weekly) Jul 7 2017 17 Calls
UVXY (Weekly) Jul 7 2017 18 Calls
UVXY (Weekly) Jul 7 2017 19 Calls
OptionsExpiration
SVXY $90 puts
SVXY $120 puts
SVXY $130 puts
SVXY $140 puts
UVXY $17.50 calls
Have a great weekend everyone.
$UVXY #CoveredCalls – I rolled…
$UVXY #CoveredCalls – I rolled this week’s strike 11.0 calls up to 11.5 for a 0.33 Credit and I rolled this week’s strike 11.5 calls up to 12.0 for a 0.27 Credit.
I’m guessing next week’s UVXY calls open down on Monday so I’m selling them now.
It sure would be nice to see a volatility move last more than 8 hours.
$SVXY #ShortPuts – with a…
$SVXY #ShortPuts – with a lot of positions rolling off today I’m trying to add some for next week without getting too aggressive. More contracts but lower strike prices makes me more comfortable.
Sold SVXY Jul 14 2017 115.0 Puts @ 0.26
Sold SVXY Jul 14 2017 114.0 Puts @ 0.25 & 0.30.
All this with the stock above 156.
SPX trades today
#SPXcampaign
Closed on GTC orders:
$SPX July 12th 2360/2335 put spreads for .20. Sold as part of a #CondorRoll for 5.75 on June 29th.
$SPX July 14th 2340/2315 put spreads for .20. Sold for 1.40 on June 14th.
Extra call spread sold: July 20th (monthlys) 2450/2475 call spreads for 3.75.
#ReverseRoll Stopped: July 7th 2425 short calls closed for 1.35. Sold as 2425/2450 call spreads yesterday for 3.25. Had to bail a few minutes ago.
A second consecutive week with a Thursday/Friday whipsaw. Managed much better this time.
TLT
#PerpetualRollingStrangles – Increasing size just a little…
Sold TLT OCT 20 2017 115.0/130.0 Strangles @ 1.17
Expiring today…
SVXY July 7 114 puts
Enjoy your weekend…
Expirations
I am posting early because I want to go to the gym and nothing is going to happen.
SVXY 159 put will be assigned and cost basis will be 154.70
These will all expire at zero.
SVXY, 85 puts, 90 puts, 112.5 puts, 113 puts, 113.5 puts, 114 puts, 114.5 puts, 115 puts
Have a nice weekend.
EWW
#ShortStrangles – Taking care of this early to get the theta back up to a decent level…
Rolled EWW JUL 21 2017 50.0 Calls to AUG 18 2017 50.0 Calls @ .27 credit
Sold EWW AUG 18 2017 53.0 Puts @ .91
Will continue watching next week’s 52.5 puts to squeeze a few more pennies out of them…
SVXY
#TakeOneForTheTeam from a couple weeks ago…
Originally sold the slightly ITM 166/161 BuPS @ 3.25
Then:
Sold to Close SVXY JUL 7 2017 161.0 Put @ 5.40
This will give me the stock at a basis of 157.35. Going out two weeks to cover it using slightly ITM for some downside protection…still a possible profit of almost 5 points (4.65) while reducing basis to close to 150 (150.35)
Sold SVXY JUL 21 2017 155.0 Call @ 7.00
Market
#Market Another bounce off the threat of a correction. This market simply does not want to go down. VIX is down but not plummeting so probably a good place to sell the market.
$SJM #ShortPuts #FallingKnife – Sold…
$SJM #ShortPuts #FallingKnife – Sold 1 SJM Jan 19 2018 100.0 Put @ 1.60.
This is not normally a very volatile stock.
SPX calls closed
#SPXcampaign Closed on GTC order: $SPX July 28th 2500/2525 call spreads for .20. Sold last week for 1.75.
DUST calls
#ContangoETFs #ShortCalls Followed @optioniceman on a couple and one of my own:
STO $DUST July 21st 42 calls for .50
STO $DUST July 28th 45 calls for .50
STO $DUST Dec 50 call for 4.75
$DUST #ShortCalls – Added some…
$DUST #ShortCalls – Added some short calls to partially hedge some 33/34/35 short Puts coming due in the next few weeks.
Sold DUST Jul 21 2017 42.0 Calls @ 0.50
Sold DUST Jul 28 2017 45.0 Calls @ 0.50
WYNN
#ShortStrangles – Sold against some further out ITM calls. Would like to be out of these by earnings to really take advantage of the high IV that week.
Rolled WYNN JUL 7 2017 135.0 Puts to JUL 14 2017 134.0 Puts @ .30 credit
BABA BUPS (Not a Rock Group)
#shortputs
$BABA STO 7/21 139/145 BUPS @ 2.88 Forexpro idea at OMM
DRIP adding in Sep
At the highest strike
Sold $DRIP Sep 40 call @ 2.00
SVXY
#ShortStrangles – Sold SVXY AUG 18 2017 80.0/180.0 Strangle @ 3.55
Closed Early SPX Campaign
#spxcampaign
$SPX BTC 7/21 2515/2490 @.30 STO 6/26 @ 2.10
$DUST #ShortPuts – Bought to…
$DUST #ShortPuts – Bought to close DUST Jul 7 2017 32.0 Puts @ 0.05.
If it hadn’t closed at the opening I would have cancelled the order and let it expire.
Originally sold 06/08/2017 @ 5.85 on a rolldown of a higher strike option.
FB covered call
#Earnings #CoveredCalls
Yesterday, bought to close $FB July 21st 155 call for .60. Sold for 2.60 on June 19th. Using my last 100 shares as a #CoveredCallCampaign, selling and rolling calls as stock moves higher.
SPX 17-hour trade
#SPXcampaign Bought to close $SPX June 7th 2390/2365 put spreads for .20. Sold 15 minutes before the close yesterday for 1.75. I love the smell of fear in the afternoon and profits in the morning.
June Jobs Report
+222,000 jobs in June. Highest since February (May revised to +152,000)
Unemployment rate up to 4.4% (from 4.3%)
U6 up to 8.6% (from 8.4% in May)
Avg hourly earnings up 0.2%
Labor Force Participation 62.8% (up 0.1 from May)
SPX final trades
#SPXcampaign Finally firing off some put spreads as we flush into close…
Sold to Open $SPX July 7th 2390/2365 put spreads for 1.75. Expire tomorrow.
More coming…
$SVXY #ShortPuts – Sold 1…
$SVXY #ShortPuts – Sold 1 SVXY Aug 4 2017 85.0 Put @ 1.09 with the stock at 150.30.
$SVXY #ShortPuts – Sold 1…
$SVXY #ShortPuts – Sold 1 SVXY Aug 4 2017 90.0 Put @ 1.28 with the stock at 149.80.
$SVXY
Been staying patient and very short term. Feels like there is more downside to come.
STO July 14 $115 puts @ $0.75, below the 4/13 low.
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY Jul 28 2017 20.0 Calls @ 0.59 with the stock at 10.98.
$TSLA #ShortPuts – Sold 1…
$TSLA #ShortPuts – Sold 1 TSLA JUL 28 2017 245.0 Put @ 1.19. Lowest available strike
Adding DRIP in Sep
New highest strike (at least new to me–it was added a week or two ago).
Sold $DRIP Sep 15 40 call @ 1.35.
SJM adding
I took the original Iceman #FallingKnife trade (Jan 105 puts) last week. With the continued move down, I sold a lower strike in January.
Sold $SJM Jan 19 2018 100 put @ 1.50
#rolling TSLA On May 5…
#rolling TSLA On May 5 I sold a couple 340/345 call spreads, really bad timing. I rolled them to July 21, 360/370,closed today, making $80, leaving 70 on the table, a couple of you TSLA bears provided inspiration to hang in-thanks as always
SPX calls sold
#SPXcampaign Forgot to do this on the bounce today… but still sufficiently OTM for little concern…
Sold to Open $SPX Aug 4th 2475/2500 call spreads for 1.75, with SPX at 2414.
SPX trades, part 3
#SPXcampaign Closed $SPX July 17th 2390/2365 put spreads for 3.60. Sold as part of a #CondorRoll for 5.10 on June 30th.
Sold to Open SPX July 14th 2435/2460 call spreads for 5.70… filled on this on the top tick of the afternoon, at 2423.
Closed on GTC order: July 20th 2490/2515 call spreads for .20. Sold for 1.40 on June 23rd.
SVXY
In my IRA
STO July 28, 90 puts @.90 cents.
SVXY puts
In my IRA, STO July 28, 90 puts @.90 cents.
SVXY Sold these near the open
$SVXY Aug 18 85 put @ 1.70
$SVXY Aug 11 85 put @ 1.20
$SVXY Jul 28 100 put @ 1.35
$SVXY Jul 14 120 put @ 1.30
SVXY Puts Sold
STO 2 SVXY Aug 18 80 puts @ 1.30, share price 155.00, have a 114 put expiring tomorrow, like to keep some cash available, by balancing margin trade at equal value with new trade, or a little more.
Rolling, rolling, rolling, keep those options rolling!
Rolled SVXY 7/10 110 puts to 7/28 110 for 0.65 credit
SVXY 7/7 150 puts to 7/28 125 for 1.65 credit
SVXY 7/17 95 puts to 7/28 100 for 1.3 credit
All were sold for 0.85-1.5 a few weeks back.
On vacation week of 7/21 so trying to move strikes a week out so don’t have to trade that week. We will be on Nantucket so can get internet if needed but more fun to kiteboard and hang on the beach with the family.
Reached a long term goal, was trying to get theta decay to over $400 across 7 different accounts, hit it this week with daily theta decay of $484. If I can keep that level long term may make more trading than working and I guess that would be considered professional level?!
$SVXY #ShortPuts – some more…
$SVXY #ShortPuts – some more small #IRA trades –
Sold 1 SVXY Jul 28 1017 95.0 Put @ 1.18
Sold 1 SVXY Aug 11 2017 80.0 Put @ 1.18
SPX more trades
#SPXcampaign Sold $SPX July 7th 2425/2450 call spreads for 3.25. A roll from stopped put spread; aggressively near-the-money, but following my thesis that we are going lower. I will be wrong if we end the day above 2430 and roll. If we get a strong push down later I will try to sell a put spread for about 1.80 to make up for full cost of exiting the earlier spread.
#IBroll Bought to close July 12th 2420/2395 put spreads for 7.20. This was part of the #IBroll sold last week for 18.85. I rolled the call side up yesterday… will #ITMroll this one down when we hit lower levels on the index.
Auto parts
After disappointing news from ORLY yesterday, and its biggest one-day drop in history, AZO also took a big hit… fortunately the day after I threw in the towel on my final short put, exiting with a small profit. Amazon has this whole sector spooked.
ProShares Announces ETF Share Splits
Not sure if this has been posted yet, but mark your calendars for forward and reverse splits effective Monday, July 17th. This action includes SVXY and UVXY, and others for a total of 10 ETF’s to split.
http://www.proshares.com/news/2017-6-27.html
SVXY puts
STO August 11, 85 puts @ 1.40
STO August 11, 80 puts @ 1.10
I am scaling in small positions if I am assigned.
$SVXY #ShortPuts – some #IRA…
$SVXY #ShortPuts – some #IRA cash backed trades –
Sold SVXY Jul 28 2017 90.0 Puts @ 0.98
Sold SVXY Aug 11 2017 85.0 Puts @ 1.40
Sold SVXY Aug 18 2017 85.0 Puts @ 1.70
SPX trades, and market today
#Market I believe the direction today is down and feel we should see better opportunity to sell volatility later today.
#SPXcampaign
Closed on GTC order: July 14th 2470/2495 call spreads for .20. Sold for 3.60 on June 22nd.
STOPPED: July 7th 2415/2390 put spreads for 4.90. Sold for 3.00 on Monday. Looking to roll this, possibly by legging into a #CondorRoll expiring tomorrow.
$TSLA #ShortPuts – Selling offsetting…
$TSLA #ShortPuts – Selling offsetting puts against long term 500/550 Calls.
Sold TSLA JUL 14 2017 260.0 Puts @ 0.57.
Six days to expiration
$UVXY #ShortCalls – a couple…
$UVXY #ShortCalls – a couple for the next two expiration Fridays –
Sold UVXY JUL 14 2017 18.0 Calls @ 0.28
Sold UVXY JUL 21 2017 27.0 Calls @ 0.25
SVXY puts
STO August 4, 85 puts @1.10
STO August 4,105 puts @ 2.15
Economic Data
7:30am EST Challenger Job Cuts y/y
8:15am EST ADP Non-Farm Employment Change184K
8:30am EST Unemployment Claims243K
8:30am EST Trade Balance-46.3B
9:45am EST Final Services PMI53.0
10:00am EST ISM Non-Manufacturing PMI56.5
10:00am EST FOMC Member Powell Speaks
11:00am EST Crude Oil Inventories-2.4M
7:30pm EST FOMC Member Fischer Speaks
Earnings before Open
AZZ INC (AZZ) – consensus 0.61
ROCKY MT CHOC (RMCF) – consensus N/A
Earnings After Markets Close
CHEROKEE INC (CHKE) – consensus 0.13
TECSYS INC (TCS) – consensus 0.14
After The Bell
#spxcampaign
$SPX STO 7/17 2365/2390 BUPS @ 2.00
SPX extra calls
#SPXcampaign sold these near the bell:
SPX July 12th 2450/2475 call spreads for 2.25
