Rolled TSO Jun 23 81 put to Jul 21 85 put for 1.2 credit. Sold for 1.04 originally
Recent Updates Page 419
BTC EWZ 6/16/17 37.0 CALLS…
BTC EWZ 6/16/17 37.0 CALLS @.06
STO EWZ 6/16/17 35.5 CALLS @.39 .33 CREDIT, A week and a day to expiration, 1.5 points lower strike. We’ll see.
NVDA
#ShortStrangles Sometimes to stop the insanity you have to do something insane. Time will tell if this was it…LOL
Rolled Jun monthly 160 puts up to 170 @ 7.50 credit.
Current position now 170/150 inverted @ 25.24
That’s still over a 5 dollar winner if NVDA finishes in between the strikes next week. Even if it does I may do some rolling to try and keep more of the premium. Can we classify this in the #TakeOneForTheTeam category?
UVXY
BTC 1 contract, January 2019 60 calls @ 2.55, sold at 7.25
I will resell this ETF on a correction in the market if we ever get one.
Long Calls SPX Campaign and Short Sales and Phooey
#longcalls
$MTN BTO 7/21/190 calls @ 16.50
$MSFT 7/21 70 calls @ 3.15
#spxcampaign
$SPX STO 6/14 2475/2459 BECS @ 3.50 Thank you @jeffcp66 May the averages take a mid spring break
#shortputs
$MOMO STO 7/21 30/35 BUPS @ 1.00
$WRKS STO 7/21 55 puts @ 1.45 Thanks @jsd501 via DeBeers
#shortcalls Closed out after one roll Probably capitulation at the wrong time
$NVDA BTC 6/9 120 call @ 35.50 $22 loss per contract
EWZ
#LongCallDiagonals – Bunch of calls sold in various positions…closing one batch and re-selling.
Bought to Close EWZ JUN 16 2017 37.5 Calls @ .03 (sold for .56)
Sold EWZ JUL 21 2017 36.5 Calls @ .56
NVDA freight train
#Earnings #Rolling
Made these trades on today’s obvious bullish action:
BTC NVDA June 30th 150 call for 7.75. Sold for 3.00 on May 24th
STO NVDA June 16th 152.5 put for 2.65 (ATM)
STO NVDA July 21st 160 put for 10.50 (ITM)
STO NVDA Aug 18th 180 call for 4.40
Also still short the July 21st 150 call, which I hope to roll on a pullback but may get stuck further ITM.
ZION
STO October 40 puts @1.99
SJM earnings closed
#Earnings Bought to close $SJM June 16th 130 straddle for 3.00. Sold yesterday as the 120/130/140 #IronButterfly for 5.25. This leaves long lottery tickets at 120 and 140, but otherwise risk is off with 2.25 profit.
NVDA adjustment
#ShortStrangles – Still looks to be headed to 155 or higher so still rolling puts up. Overall position nicely profitable so waiting for a little more theta to get out. Don’t want the short calls to get away so staying aggressive into next week. Keeping long deltas until the stock tells me otherwise.
Rolled Jun monthly 155 puts up to 160 @ 3.62 credit.
Current position now 160/150 inverted @ 17.74
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY JUN 16 2017 100.0 Puts @ 0.30 with the stock at 155.79. Gift!
SPX puts closed
#SPXcampaign Bought to close $SPX June 9th 2390/2365 put spreads for .20. Sold for 2.25 on May 30th.
THO earnings closed
#Earnings Bought to close $THO June 16th 110 calls for .20. May close the 80 puts for .05 or allow to expire. Strangle sold for .97 on Monday.
NVDA got past 150
That didn’t take long. Now I got to roll a couple calls.
$JWN – Nordstrom no longer…
$JWN – Nordstrom no longer a #FallingKnife after today’s news.
Already short this #OptionLadder –
JWN JUL 21 2017 32.5 Puts
JWN OCT 20 2017 32.5 Puts
JWN JAN 19 2018 30.0 Puts
$VIX – the chart speaks for itself
Economic Data
8:30am EST Unemployment Claims – street sees 241K
10:30am EST Natural Gas Storage – street sees 99B
Earnings before Open
CANTEL MED CORP (CMD) – consensus EPS 0.51
FUELCELL ENERGY (FCEL) – consensus EPS -0.27
SMUCKER JM (SJM) – consensus EPS 1.73
VAIL RESORTS (MTN) – consensus EPS 4.99
Earnings After Markets Close
ARI NETWORK SVC (ARIS) – consensus EPS 0.03
ENZO BIOCHEM (ENZ) – consensus EPS -0.03
ORION ENERGY SY (OESX) – consensus EPS -0.16
PURE BIOSCIENCE (PURE) – consensus EPS -0.02
VERIFONE SYSTMS (PAY) – consensus EPS 0.23
XACTLY CORP (XTLY) – consensus EPS -0.16
OK Jeff, that worked.
Posting after the bell.
UVXY STO 6/23/17 15.0 CALLS @.48
EWZ STO 6/23/17 33.0 PUTS @.47
EWZ STO 6/23/17 37.0 CALLS @.41 EWZ IS Fuzzball’s idea, and has been working for me.
SPX calls sold
#SPXcampaign Taking a chance and selling short-term near-the-money call spreads… feels like we’re hitting against resistance and may get some pull back. If I’m wrong, it’s just another one I will be rolling. My account is heavier in put spreads so this helps margin-wise.
Sold to Open $SPX June 14th 2450/2475 call spreads for 3.50.
$DUST #ShortPuts – on Monday…
$DUST #ShortPuts – on Monday this week’s Put looked pretty good. Now … not so much.
So I rolled it.
Bought to close DUST Jun 9 2017 30.0 Puts/ Sold DUST Jul 7 2017 28.0 Puts @ 0.10 Credit.
Dropped the breakeven 2 points with the new strike at yesterday’s high.
Dust/Nugt question
So sell puts on DUST and calls in NUGT?
Have the SVXY/UVXY sorted out, thanks again those trades work well.
WRK
STO July 55 puts @1.35, This is a trade from SMM from DeBeers who I have a lot of respect for.
#SPXcampaign BTC SPX 14 JUN…
#SPXcampaign BTC SPX 14 JUN 17 2290/2190 BuPS @0.25 sold it at 5.25 on 4 MAY 2017. Gained $5.00. On this I would existed while ago, but the market was going up, therefore, I left it for theta to do its work. I also would leave it till expiration since it is 143 out the currant price, but I need the margin to other trades.
SPX trades
#SPXcampaign #ITMroll
Bought to close $SPX June 14th 2395/2420 call spreads for 19.20. Sold for 15.80 on May 31st.
Sold to Open SPX June 21st 2400/2424 call spreads for 19.30.
Was able to close the first one at the lows of the day, then wait for the bounce to get filled on the new one, 5 points higher and for .10 more.
Also, closed June 23rd 2290/2265 put spreads for .35. Sold for 1.35 on May 23rd.
SJM earnings
#Earnings Sold to Open $SJM June 16th 120/130/140 #IronButterfly for 5.25. Biggest UP move: 7.9%, Biggest DOWN move: -8.1%, Average move: 3.7%. Breakevens at expiration are +/- 4.0% OTM.
Oil, slippery when volatile
Made a slight adjustment to the /CL strangles. So I finally had a break from seeing patients at lunch and did not realize oil was down 2.4 and my profitable trade 2 days ago now shows a paper loss. I am still well OTM but only have 7k margin left to play with so made adjustment.
Rolled the Aug 17 /CL 55 call down to 53.5 booking a $440 profit plus the $320 from 2 weeks ago previous roll and brought in another $170. If am doing the math right that is $930 profit against the $880 paper loss on the Aug put contracts. As long as it stays above 41.5 for another 2 weeks should be 30-50% profitable. Just need a little more decay and to stop moving downhill.
The Sep 17 57/39 strangle is being left alone, it is only down $320 on paper because of less gamma risk. That should decay 50% in 3-4 more weeks as well.
Will keep you posted although probably easier and more profitable just to set up SVXY ladders like the rest of the group.
However, I get tax benefit by trading the futures options.
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY Jun 9 2017 119.5 Puts @ 0.26 with the stock at 150.75. These expire in two days
$UVXY #ShortCalls – for next…
$UVXY #ShortCalls – for next week with the stock at 11.41
Sold UVXY Jun 16 2017 18.0 Calls @ 0.23
Sold UVXY Jun 16 2017 18.5 Calls @ 0.22
Sold UVXY Jun 16 2017 19.0 Calls @ 0.19
Sold UVXY Jun 16 2017 19.5 Calls @ 0.19
Sold UVXY Jun 16 2017 20.0 Calls @ 0.19
$UVXY #ShortCalls – Sold 1…
$UVXY #ShortCalls – Sold 1 UVXY Aug 18 2017 23.0 Call @ 1.16 with the stock at 11.33. Highest strike.
SVXY
In my IRA, STO August 18, 85 puts @ 2.02
SVXY
Someone is getting bearish on the SVXY.
STO 114 put @ 2.10 on 1 contract for July 7
STO 114.5 put @ 2.15 on 1 contract for July 7
SVXY
STO July 7, 114 put @ 2.10 on 1 contract.
More DRIP
Sold at the highest strikes:
Jul 21 30 calls @ 1.35
Dec 15 35 call @ 3.58
$XLE #ShortPuts #FallingKnife – Sold…
$XLE #ShortPuts #FallingKnife – Sold 1 XLE(Quarterly) Dec 29 2017 56.0 Put @ 1.27
AMZN
STO AMZN Jun 16 1042.5/1037.5/977.5/972.5 BuPS @ 1.15
XLE
#IRA #FallingKnife #ShortPuts – Starter position. Will look to add lower…
Sold XLE JAN 19 2018 60.0 Puts @ 2.22
Regarding my trade yesterday (SPX…
Regarding my trade yesterday (SPX Campaign SOLD SPX 12 JUL 17 2340/2240 BuPS @4.50), it is Larry’s method. The price is 100 away from current price and 100 points between them. This trade will start eroding and usually would close it when I get 65-75% gain
PLAY play played
#Earnings Bought to close $PLAY June 16th 65 puts for .15. Sold yesterday for 1.50.
Economic Data
10:30am EST Crude Oil Inventories – street sees -3.1M
3:00pm EST Consumer Credit m/m – street sees 15.2B
Earnings before Open
AT HOME GRP INC (HOME) – consensus EPS 0.19
DOLLARAMA INC (DOL) – consensus EPS 0.80
NAVISTAR INTL (NAV) – consensus EPS -0.08
Earnings After Markets Close
ABM INDUSTRIES (ABM) – consensus EPS 0.43
DAVIDSTEA INC (DTEA) – consensus EPS -0.06
OKTA INC (OKTA) – consensus EPS -0.61
TAILORED BRANDS (TLRD) – consensus EPS 0.20
VERINT SYSTEMS (VRNT) – consensus EPS 0.09
$URI #ShortPuts #FallingKnife – Sold…
$URI #ShortPuts #FallingKnife – Sold 1 URI Oct 20 2017 75 Put @ 1.25 with the stock at 105.0
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY JUL 21 2017 85.0 Puts @ 1.13
$NUGT #CoveredCalls -I still have…
$NUGT #CoveredCalls -I still have some odd lots from before the split. Writing covered calls on those.
Adjusted assignment value is $40 on the new stock.
Sold NUGT 25/100 Jun 9 2017 10.0 Calls @ 0.22.
NUGT adding
Adding to Jan position at the highest strike.
Sold $NUGT 1/19/18 58 call @ 6.50.
SPX Campaign and Put Sold
#spxcampaign
$SPX STO 6/30 2320/2345 BUPS @ 1.30
$SPX STO 7/14 2255/2305 BUPS @ 2.20
#shortputs
$BLUE STO 6/16 95 put @ 2.00 (Timing not so good)
$GWW #ShortPuts #FallingKnife – Sold…
$GWW #ShortPuts #FallingKnife – Sold 1 GWW JUL 21 2017 160.0 Put @ 2.55. Adding to a 1 option position at a better premium.
$UVXY #ShortCalls – Sold 1…
$UVXY #ShortCalls – Sold 1 UVXY Aug 17 2017 23.0 Call @ 1.04. Highest available strike price (for now)
$UVXY #CoveredCalls – nickels and…
$UVXY #CoveredCalls – nickels and dimes every week. Waiting for the big one (like the residents of LA)
Sold UVXY Jun 9 2017 13.0 Calls @ 0.19
Sold UVXY Jun 9 2017 13.5 Calls @ 0.16
Sold UVXY Jun 9 2017 14.0 Calls @ 0.14
SNAP stock
#LongStock #AfterHours
Sold to close $SNAP long stock for 20.14. Bought for 17.45 (avg price) after hours on earnings day, May 10th. Struggling a bit at this level so I’m dumping it. Don’t often trade shares this way but it seemed like a good buy, and it was!
SPX trades
#SPXcampaign Sold to Open $SPX July 7th 2485/2510 call spreads for 1.55. Working on selling a put spread, too.
STOPPED: Bought to close $SPX June 16th (Friday PM) 2445/2470 call spreads for 4.75. Sold for 2.35 on May 31st. This one filled at 4am during the SPX overnight lows. That gave me the opportunity to roll to higher call spread with no increase in size:
#Rolling: Sold SPX June 23rd 2455/2480 call spreads for 4.80.
SPX Campaign SOLD SPX 12…
SPX Campaign SOLD SPX 12 JUL 17 2340/2240 BuPS @4.50
SPX Campaign SOLD SPX 19…
SPX Campaign SOLD SPX 19 JUL 17 2335/2235 BuPS @5.80
SPX Campaign SOLD SPX 14…
SPX Campaign SOLD SPX 14 JUL 17 2335/2235 BuPS @4.95
DUST
#ShortCalls – Bought to Close DUST JUL 21 2017 50.0 Call @ .15 (sold for 2.20)
SVXY
#TakeOneForTheTeam – Stock getting called away next week at 137 (maybe)…haven’t decided yet. I’ll try for a little more just in case.
Sold SVXY JUN 16 2017 160.0/155.0 Bull Put Spread @ 2.76
NUGT
#IRA – Playing this the same way I play UVXY a lot of the time. Selling spreads a little closer to the money with position size and strike width small enough to add or widen if they need rolled.
Sold NUGT DEC 15 2017 40.0/45.0 Bear Call Spreads @ 1.38
$WHR #ShortPuts – Bought to…
$WHR #ShortPuts – Bought to close 1 WHR Jun 16 2017 130.0 Put @ 0.01. It won’t trade any lower and doesn’t expire for 2 more weeks. Using the margin elsewhere.
Originally sold as a #FallingKnife trade on 1/30/2017 at 1.51.
NVDA again
#ShortStrangles – Still looks to be headed to 150 or higher so still rolling puts up. Overall position nicely profitable so waiting for a little more theta to get out. Don’t want the short calls to get away so staying aggressive into next week.
Rolled Jun monthly 150 puts up to 155 @ 3.29 credit.
Current position now 155/150 inverted @ 14.12
TSLA adjustment
#ShortStrangles – Short a Jan 2018 175/500 strangle. Making a delta adjustment rolling the put up to the 200ma. See if we can get this thing back to reality…
Rolled TSLA JAN 19 2018 175.0 Put up to JAN 19 2018 250.0 Put @ 7.40 credit
PLAY earnings
#Earnings Playing PLAY with BULLISH sentiment, trading with the trend.
Sold $PLAY June 16th 65 puts for 1.50.
13-DAY moves: Biggest UP move: 24.0%, Biggest DOWN move: -13.2%, Average move: 11.0%. This trade is -6.4% OTM.
GLD
#PerpetualRollingStrangles – After a bunch of rolls with a decent size position finally getting out…(for a few minutes)…LOL
Bought to Close GLD JUN 16 2017 120.0 Puts @ .18 (sold for 4.50 accumulated premium)
Sold GLD JUN 30 2017 121.0 Puts @ .70
And:
Rolled Jun 113 calls to Jul 113 @ .18 credit
$RRC #ShortPuts #FallingKnife – Sold…
$RRC #ShortPuts #FallingKnife – Sold 1 RRC Dec 15 2017 19.0 Put @ 1.30
$SPX iron condor
STO Jul 21 2520/2510/2285/2275 @1.25
NUGT calls
Sold $NUGT Jan 19 58 calls @ 5.50. Highest strike.
TQQQ
STO January 2019, 70 puts @10.20
SVXY puts
Sold $SVXY Jul 21 90 puts @ 1.30
Economic Data
10:00am EST JOLTS Job Openings – street sees 5.65M
10:00am EST IBD/TIPP Economic Optimism – street sees 51.6
Earnings before Open
CANADIAN SOLAR (CSIQ) – consensus EPS -0.01
FREDS INC (FRED) – consensus EPS -0.06
G-III APPAREL (GIII) – consensus EPS -0.37
HD SUPPLY HLDGS (HDS) – consensus EPS 0.65
MEDIAGRIF INTER (MDF) – consensus EPS 0.28
Earnings After Markets Close
AMBARELLA INC (AMBA) – consensus EPS 0.03
DAVE&BUSTRS ENT (PLAY) – consensus EPS 0.80
OXFORD INDS INC (OXM) – consensus EPS 1.04
SIGMA DESIGNS (SIGM) – consensus EPS -0.27
Back to the oil field
STO /CL Sep 17 39/57 strangles at 0.50. Plan is to close in 3-4 weeks. Still have my previous 41.5/55 strangles and pocketed some profit on the call side when I rolled down from the 57. 1-2 more weeks on that should produce some $, theta is over $200 a day so at some point the decay will catch up with the vol.
Next cycle opens in 10 days and will roll the oldest into new ones.
SPX trades today
#SPXcampaign The morning did not fill me on July 7th spreads I was trying for and then the afternoon was too flat. Will try tomorrow. I made an #ITMroll today:
Bought to close $SPX June 12th 2410/2435 call spreads for 19.65. Sold as part of a #CondorRoll for 7.55 on May 19th.
Sold to Open SPX June 19th 2415/2440 call spreads for 16.40, and June 19th 2400/2375 put spreads for 2.05. Fell a buck short on a breakeven roll since the market took a dive into the close.
$SPX #spxcampaign Sold a 2340/2360…
$SPX #spxcampaign Sold a 2340/2360 Bull Put spread @ 0.85 This was filled near the close in that end of day sag.
#FallingKnife candidates today $SNI $NFX…
#FallingKnife candidates today $SNI $NFX $XEC
URI
#ShortPuts #IRA – Trying to bounce here at the 200 but I’d buy it lower if that doesn’t hold…
Sold URI JAN 19 2018 85.0 Put @ 4.20
Sold URI JAN 19 2018 80.0 Put @ 3.10
Sold URI JAN 19 2018 75.0 Put @ 2.30
#VXX game IRA sold Jun…
#VXX game
IRA sold Jun 16 SVXY 130 put @ 1.10
rolled TSO Jun 16 80 put to Jul 14 81 put at 0.88. Originally sold for 1.03 about 3 weeks ago.
That’s all I can do until Friday expiration when next batch of ladders expire or if something moves a lot between now and then.
EXAS
BTC June 16, 30 puts @.05, sold at 1.70
NVDA adjustment
#ShortStrangles – Still looks to be headed to 150 so still rolling puts up. Overall position nicely profitable so waiting for a little more theta to get out.
Rolled Jun monthly 147 puts up to 150 @ 1.70 credit.
Current position now 150 straddles @ 10.83
SPX Campaign and Earnings Trade $THO
#spxcampaign
$SPX STO 6/21 2360/2385 BUPS @ 1.50
#earnings
$THO STO @jeffcp66 80/110 straddle @ .95 Let’s hammer out some profits.
