Sold $ORLY Jul 21 220 puts @ 2.00
Recent Updates Page 420
VXX Game
#vxxgame
$SVXY STO 6/9 140 put @ .80
$SVXY STO 7/9 113.50 put @ 2.05 Thank you @jdietz1954
$TSO put
STO Jun 16 82.50 P @ 0.56
#xle sto 64.5 call June…
#xle
sto 64.5 call June 9th cc @ $ 1.00.
if assigned, next Monday will sto weekly atm put, and if assigned repeat process.
generating cash in low vix and reducing cost basis
THO earnings
#Earnings Not one I’ve traded before but premium decent enough within historical range.
Sold $THO June 16th 80/110 strangles for .97. Over last 12 earnings reports, its 13-DAY moves: Biggest UP move: 16.3%, Biggest DOWN move: -14.9%, Average move: 6.1%. These strikes are +17.8% and -14.3% OTM.
$SVXY Sold SVXY June 9th…
$SVXY Sold SVXY June 9th 145 Put @ 1.32 Only one.
$SVXY #ShortPuts – didn’t take…
$SVXY #ShortPuts – didn’t take much of a dip to get these done this morning, replacing last week’s options.
Sold SVXY Jun 9 2017 120.0 Puts @ 0.47
Sold SVXY Jun 9 2017 115.0 Puts @ 0.35
Sold SVXY Jun 9 2017 114.0 Puts @ 0.35
Sold SVXY Jun 9 2017 113.0 Puts @ 0.35
Econ Calendar for week of 6/5/17
Click “Home/REFRESH” periodically to keep Bistro features updated.
Notable Earnings After the Close,…
Notable Earnings After the Close, Tuesday or Before the Open on Wednesday:
AMBA, ASNA, BF.B, BV, CVNA, HQY, KEYS, NAV, NCS, PLAY, UNFI
Notable Earnings After the Close, Wednesday or Before the Open on Thursday:
ABM, FCEL, MTN, OKTA, ONVO, SJM, TLRD, VNCE, VRNT
Notable Earnings After the Close, Thursday or Before the Open on Friday:
FGP, PAY, XTLY
Earnings After Markets Close
ASCENA RETAIL (ASNA) – consensus EPS 0.05
CASEYS GEN STRS (CASY) – consensus EPS 0.87
COUPA SOFTWARE (COUP) – consensus EPS -0.25
THOR INDS INC (THO) – consensus EPS 1.87
Options Expiration
SVXY $100 puts
SVXY $133.5 puts
UVXY $20 calls
My other UVXY calls were closed out early in the week or late the week before for $.02
Was on vacation last week with no market access so purposely had very few expiring positions. Hope you all had a profitable week trading or just watching Delta and Theta do the heavy lifting for you while you sat back and watched.
Expired
SPX Jun 2 2365/2360
Jun 2 2375/2370
AMZN Jun 2 977.5/975
PCLN Jun 2 1817.5/1815
#OptionsExpiration for 6/2 $SVXY 06/02/17…
#OptionsExpiration for 6/2
$SVXY 06/02/17 75 puts
$SVXY 06/02/17 143 puts
No assignments.
Options Expiration 6/2/17
#OptionsExpiration #Earnings #CoveredCalls
— Expiring —
AVGO 230/225 put spreads
— Assignment —
PANW 130 call, releasing some of my stock, cost basis 128.36
$AVGO #ShortPut Spread Expired June…
$AVGO #ShortPutSpread
Expired June 02 225/220 Puts Thanks Jeff.
#OptionExpiration #Weeklys #Jun2 – a…
#OptionsExpiration #Weeklys #Jun2 – a decent week while waiting for volatility to wake up.
$SVXY and $UVXY positions rolling off have left few risk positions to deal with until the #Monthly expiration in 2 weeks.
$NUGT and $DUST positions expiring in #IRA accounts leave a lot of dry powder to be reinvested on the next big move in gold, whatever direction that might be.
No assignments this week.
— Expirations —
DUST (Weekly) Jun 2 2017 28 Puts
DUST (Weekly) Jun 2 2017 49 Calls
NUGT 25/100 (Weekly) Jun 2 2017 6.5 Puts
NUGT 25/100 (Weekly) Jun 2 2017 7 Puts
NUGT 25/100 (Weekly) Jun 2 2017 7.5 Puts
SVXY (Weekly) Jun 2 2017 85 Puts
SVXY (Weekly) Jun 2 2017 90 Puts
SVXY (Weekly) Jun 2 2017 115 Puts
SVXY (Weekly) Jun 2 2017 119 Puts
SVXY (Weekly) Jun 2 2017 119.5 Puts
SVXY (Weekly) Jun 2 2017 120 Puts
SVXY (Weekly) Jun 2 2017 125 Puts
SVXY (Weekly) Jun 2 2017 135 Puts
SVXY (Weekly) Jun 2 2017 142 Puts
UVXY (Weekly) Jun 2 2017 13.5 Calls (Covered)
UVXY (Weekly) Jun 2 2017 14 Calls (Covered)
UVXY (Weekly) Jun 2 2017 16 Calls (Covered)
UVXY (Weekly) Jun 2 2017 27 Calls
UVXY (Weekly) Jun 2 2017 28 Calls
UVXY (Weekly) Jun 2 2017 30 Calls
UVXY (Weekly) Jun 2 2017 40 Calls
Closed Early Expiration and Trades
Closed Early
#spxcampaign
$SPX BTC 6/9 2475/2450 BECS @ 3.00 STO @ 1.60
#earnings
$CIEN STC 6/2 23.5 call @ 4.00 BTO @ 1.08 as part of straddle with BTO 23.5 put Net profit 1.88 per contract
#optionsexpiration
$SPX 2285/2310 BUPS
$SPX 2265/2290 BUPS
$AVGO 225/230 BUPS #earnings Thank you @jeffcp66
$SVXY 70 put Thank you @optioniceman
Trades
#shortputs
$SVXY STO 8/18 90 pit @ 2.05 Thank you @jdietz1954
#spxcampaign
$SPX STO 6/12 2400/2425 BUPS @ 3.00 Thank you @jeffcp66
#ironcondor
$AET STO 7/21 135/145 BUPS @ 1.94
$AET BTO 7/21 150/155 BUCS @ 1.49 (Courtesy of Dr Science at OMM)
Have a great weekend.
Expirations, have a nice weekend.
EWZ 36 call
SVXY
70 put
75 put
96 put
97 put
98 put
99 put
In the IRA, SVXY 75 put
I am off to the gym.
VMW update
#Earnings Sold to close $VMW June 2nd 92.5 call for 3.30. Seems to have petered out so sold one, leaving the other for another hour. Also was filled by selling one of the 100 calls for .05. This was bought as a butterfly yesterday for 1.90, so 1.45 profit on this half.
SPX trades
#SPXcampaign Sold to Open $SPX June 12th 2425/2400 put spreads for 3.30, as a roll for previously stopped spreads. This is not very far OTM, but short term so theta decay should be quick as long as their is no dive in the market on Monday/Tuesday.
Stopped: Closed June 23rd 2465/2490 call spreads for 3.50. Sold for 1.85 on May 25th,
#CondorRoll: Sold June 26th 2360/2390/2490/2420 condors for 3.60. Went 30-wide since there is no 2515 strike for this expiry.
EWZ, Fuzzball trade
It looks like my short 36 calls will expire at zero today so, I sold June 9, 35 calls @.59 against my long 2019, 20 calls.
$SVXY #ShortCalls #Rollup – Bought…
$SVXY #ShortCalls #Rollup – Bought to close SVXY JUN 2 2017 146.0 Calls/ Sold SVXY JUN 23 2017 150.0 Calls @ 0.87 Credit.
After several rollups, I’m hoping this one expires.
$SPX #spxcampaign All right, I…
$SPX #spxcampaign All right, I have probably done something incredibly stupid but call me chicken. It seems to me that the S&P is just moving up and being short a call spread was not really where I needed to be. So I bought to close the short leg of my June 30th 2480/2500 BeCS @ 4.40, a 2.95 loss. This leaves the long side free to run. I originally bought the long leg at 0.85 so any further up side will help and if it all goes to pot the additional loss will be small.
Expiration
As long as nothing drastic changes in the next 2 hours I have:
TSO 80 and 80.5 puts expiring. Originally sold for 1.05.
There are some WDC 82 and 83.5 puts expiring sold for 1.1 to 2.4 but that was off a roll as a recovery but get to pocket the original credit now.
I also have some SVXY puts expiring from 100 and 125, sold for 1.25 and 2.5.
Don’t have specifics other than that, currently trading 6 accounts and I only have one open at the moment.
Should free up some cash for trades next week.
Everyone have a good weekend!
$HBI #ShortPuts – Bought to…
$HBI #ShortPuts – Bought to close HBI Jul 21 2017 18.0 Puts @ 0.05. They won’t trade any lower.
Originally sold as a #FallingKnife trade on 02/03/2017 at 1.10.
Out of the trade 49 days early and looking for more candidates.
TLT
#PerpetualRollingStrangles – Decent size position here so booking and then splitting up into different expirations…
Bought to Close TLT JUN 9 2017 123.0 Puts @ .09 (sold for 1.15)
Sold TLT JUN 16 2017 125.0 Puts @ .82
Sold TLT JUN 23 2017 124.5 Puts @ .80
$RRC $NFX $XOM #FallingKnife candidates
$RRC $NFX $XOM #FallingKnife candidates
Rolling up untested side of IWM strangle
Just sold a $IWM July 130/140 strangle on Wednesday and already the call side has been breached at 140.13. Rolled the 130 puts up to 134 for .51 credit.
Drippity drop up
#ContangoETFs Filled yesterday on $DRIP Sept 35 call for 1.35
Just added now: Sold DRIP July 21st 30 call for 1.35
Earnings flurry: CIEN, VMW, AZO
#Earnings #LongStraddle Sold to close $CIEN June 2nd 23.5 call for 4.10. Bought long straddle for 1.95 on Wednesday, sold one call yesterday for 3.90, the other today for 4.10. A double!
VMW 92.5/97.5/100 call butterfly bought yesterday for 1.90. Long 92.5 calls going for 3.00 now. On watch for hopefully higher into the close.
Bought to close AZO June 16th 560 put for .35. Sold for 2.35 on May 22. Still short the 610 puts but looking good to get out before expiration.
SVXY
STO 1 July 7, 113.5 put @2.05
SPX stopped
#SPXcampaign Bought to close $SPX June 9th 2440/2465 call spreads for 4.60. Sold for 1.40 on May 12th. Not rolled yet.
Also, bought to close SPX June 12th 2340/2315 put spreads for .20. Sold as part of a #CondorRoll for 7.55 on May 19th. The call half is ITM and will be an #ITMroll until the next pull back.
SVXY
STO August 18, 90 puts @ 2.04
REGN
#ShortStrangles – Same as ISRG. This one’s up over 30 percent in five weeks.
Bought to Close REGN JUN 2 2017 462.5 Puts @ .25 (sold for 15.85) Now collected over 32 points in premium on the way up. Will start using some of that to roll up the Sep 425 call I’ve been selling against.
Rolled Sep 425 Calls up to Sep 430 @ 3.75 debit
And:
Sold REGN JUN 9 2017 475.0 Puts @ 8.80
CIEN on a rally, VMW hovering
#Earnings I’m riding my last CIEN 23.5 long call, trying to top pick.
VMW settling nicely in profit zone… the closer to 97.5 the better.
AVGO an easy winner.
ISRG
#ShortStrangles – Still working it…almost a 25 percent move since earnings six weeks ago. Rolling the un-threatened side and position size (1) has saved this trade. Nothing goes up forever but starting to wonder. LOL
Bought to Close ISRG JUN 2 2017 910.0 Put @ .16 (sold for 7.00)
Used some of that premium:
Rolled Jun 30th 870 Call to Jul 14th 880 call @ 5.74 debit…that gets the call up a little and into the week before earnings. I’ll leave it there and possibly keep rolling up while still pocketing some weekly premium.
Then:
Sold ISRG JUN 9 2017 925.0 Put @ 9.20
SPX trades yesterday and this morning
#SPXcampaign We got another push higher so some stops were hit.
STOPPED: Closed $SPX June 14th 2440/2465 call spreads for 4.90. Sold for 2.35 on May 30th.
#CondorRoll (legs sold separately):
Sold SPX June 21st 2360/2385 put spreads for 2.45
Sold SPX June 21st 2460/2485 call spreads for 2.55
STOPPED: Closed June 30th 2460/2485 call spreads for 4.85. Sold for 1.75 on Tuesday.
#Rolling: Sold SPX Aug 18th 2500/2525 for 4.50 (usually don’t go out this far, but I’m mixing things up)
Sold to Open SPX June 30th 2345/2320 put spreads for 1.50, with SPX at 2430.
All of the following closed on GTC orders:
June 15th 2265/2240 put spreads for .20. Sold for 1.40 on May 17.
June 7th 2390/2365 put spreads for .50. Sold as part of an #IBroll, 5.95 for the put side on May 22.
June 15th 2275/2250 put spreads for .20. Sold for 1.35 on May 19.
$NUGT #CoveredCalls – at least…
$NUGT #CoveredCalls – at least the 4th lucrative weekly roll in a row in this stock.
Bought to close NUGT JUN 2 2017 36.0 Calls/Sold NUGT JUN 9 2017 36.0 Calls @ 0.85 Net Credit.
Still waiting for assignment one of these weeks.
Thanks Bistro-ers
s
Closed out May with best month trading ever! Previous best month was way back in Oct. of 2013 or 2014, whenever there was that big vol spike. This month was also my most consistent, partly because of some of the vol and contango trades you showed me. 2.5 times my monthly salary, previous was 2 times monthly salary.
Unfortunately, most of that is in retirement accounts so can’t touch it for another 13.5 years but every little bit now will help then. Maybe get the jet instead of the single engine plane or have a ski house and a beach house, haha, unlikely on either but doesn’t hurt to dream.
one last trade
rolled 6/9 WDC 83 put to 7/14 put for credit of 0.96.
Following my own rule and rolled it when the premium dropped below 0.20. Sold for 1.85 about 3-4 weeks ago as part of the ladder.
Expiring tomorrow provided no big drop in TSO 80 and 80.5 puts that were sold at 0.99 and 1.05. Already have the next 4 weeks laddered so will deploy the margin somewhere else on Monday.
Earnings SPX Campaign and Short Puts
Following @jeffcp66
#earnings
$AVGO STO 6/2 225/230 BUPS for 1.50
#spxcampaign
$SPX STO 6/30 2450/2475 BECS @ 1.50
#shortputs
$MOMO STO 6/16/35 put @ .80 Thank you @jdietz1954
Selling puts on SNI
Might qualify as a #FallingKnife type trade. Getting some more exposure in the media space.
Sold $SNI Dec 15 55 puts @ 1.22-1.25
VMW earnings
#Earnings #BrokenWingButterfly
This recently fired long from a daily squeeze, the chart looks bullish, and there is high open interest on the 97.5 calls. So I bought this broken-wing butterfly, which profits on any move up, no matter how high (although max profit is at 97.50). Downside max risk is purchase price of 1.90.
Bought to open $VMW June 2nd 92.5/97.5/100 call butterflys for 1.90.
Here is the trade and risk profile:
SPX trades
#SPXcampaign
Bought to close $SPX June 5th 2375/2350 put spreads for .20. Sold for 2.85 on May 23rd.
Sold to Open SPX June 30th 2475/2500 call spreads for 1.40, with SPX at 2422.
Upside Warning comes through again
#VIXIndicator Here we go with the second surge of this Upside Warning, and a day after my long call spread expired, of course. Once again I did not put enough conviction in it, since I failed to put a new long call spread on during yesterday’s lows. I will get the timing and expiration date right someday!
SVXY tweak and trades
Really appreciate everyone showing me the SVXY and similar trades. Today is my usual trading day so was looking around and saw how fat and juicy the premiums are on the SVXY calls. Not something want to trade naked on the call side so am trying a weekly ITM covered call. Covered call SVXY for 6/9 145 with stock at 156 and change. Bought for 143.25. Just a 4 lot to see how it plays out, $698 profit on a 4 lot in 1 week if assigned. If not will roll. At the time the same 4 lot on puts would only generate $420 so there is a call skew on these but looking at it at the time I am writing this it is getting close to parity so not sure this would work all the time, just another tool.
Also STO 7/7 TSO 79 puts at 1.05 and now have a 3-4 week ladder on TSO. Some expire tomorrow then weekly after that.
Rolled WDC 6/2 87.5 puts to 6/9 88 puts for credit of 0.57
BTC 6/2 87 puts at 0.03, sold last week for 0.51. Now have 3-4 week ladder here as well.
Might have a few quick trades tomorrow depending on what expires OTM.
Hope everyone has a good expiration tomorrow, going to enjoy a 50-60 mile bike ride in the nice weather now!
DRIP experiment
Have never traded the triple-leveraged oil ETFs ($GUSH and $DRIP). I figured I would test the NUGT/DUST strategy with a small position, playing for the volatility drag that would be similar to the gold miner ETFs. Highest strike in September is 35 with the stock at 22.03.
Sold $DRIP Sep 15 35 calls @ 1.30.
CAT
#shortputs STO $CAT AUG 18 100 puts @ 2.30 when stock @ 105.81 will take shares with .77qtr div, most likely close @ 50%.
$MOMO #ShortPuts Sold to open…
$MOMO #ShortPuts Sold to open June 35 Puts @ 0.70 when $MOMO was at 38.04. Jumped this one a bit too soon this morning. The plan is to take assignment if the stock is stable around 35 or roll out and down if the stock has headed for the 200dma.
AVGO earnings
PANW
#Earnings – Yuuuge gap up. 113/118/123 iron fly sitting at max loss of .70
Sold PANW JUN 2 2017 135.0 Put @ .90
If the gap up holds I’ll escape with a tiny profit…
#Earnings $AVGO looks interesting with…
#Earnings $AVGO looks interesting with a potential max low of about 228 averaged thru the last 14 cycles, I STO a put 220 with Jun09 expiration for 1.03. Small of course.
CIEN earnings
#Earnings Looks like the #LongStraddle will return at least a small profit. Going to sell half near the open and hold the other half and watch.
Earnings before Open
CIENA CORP (CIEN) – consensus EPS 0.29
DOLLAR GENERAL (DG) – consensus EPS 0.99
EXPRESS INC (EXPR) – consensus EPS -0.02
MOBILEYE NV (MBLY) – consensus EPS 0.18
Earnings After Markets Close
BROADCOM LTD (AVGO) – consensus EPS 3.02
FIVE BELOW INC (FIVE) – consensus EPS 0.14
LULULEMON ATHLT (LULU) – consensus EPS 0.28
VMWARE INC-A (VMW) – consensus EPS 0.65
WORKDAY INC-A (WDAY) – consensus EPS -0.34
SPX Chart and VIX Indicator are updated
Click “Home/REFRESH” above to update right-column features
Expiration
#optionsexpiration
$SPX 2425/2445 BUCS Total Loss
$SPX 2395/2420 BUPS Small Loss
PANW patience
#Earnings #Rolling #CoveredCalls #StockTrades
Relieved to see a big spike UP in this one, reverse of last quarter’s spike down. This should pay off holding the underwater position for three months. (sorry, @fuzzballl)
SPX ITM roll
#SPXcampaign #ITMroll Rolling the call spread from the #IBroll I made on May 22nd.
Bought to close $SPX June 7th 2390/2415 call spreads for 17.90. This half sold for 12.15 on May 22.
Sold to Open $SPX June 14th 2395/2420 call spreads for 15.80.
To make up for the debit on the roll, I added another call spread, since I am too heavy in put spreads at the moment and it seems as if upside momentum is waning.
Sold to Open SPX June 16th (Friday PM) 2445/2470 call spreads for 2.35.
$SPX #spxcampaign $SVXY #shortputs Afternoon….
$SPX #spxcampaign $SVXY #shortputs Afternoon. Popping in to see what the damage is near the close. Sold to open June 30th 115 Put @ 2.12 when SVXY was at 152.92. Turned my SPX BuPS trade from yesterday into an iron condor: Sold the June 30th 2480/2500 Call spread @ 0.60 when SPX was at 2411. Have a great rest of the day where ever you are.
PANW
#Earnings – Taking a seat at the blackjack table. Strictly gambling here…
113/118/123 iron fly @ 4.30. Only risking 70 but needing about half of expected move. Low probability but low risk.
Setting up IWM in July
Sold $IWM Jul 21 130/140 strangle @ 1.43. Bearish bias with IWM at 136.41.
SVXY
#ShortPuts #IRA – Sold SVXY SEP 15 2017 85.0 Put @ 2.30
$SVXY #ShortPuts – Sold SVXY…
$SVXY #ShortPuts – Sold SVXY JUN 16 2017 89.0 Puts @ 0.40
$SVXY #ShortPuts – Sold 1…
$SVXY #ShortPuts – Sold 1 SVXY AUG 18 2017 75.0 Put @ 1.20. My first position in this expiration cycle.
SVXY
STO June 23, 85 puts @.50
STO June 30, 85 puts @ .65
$SVXY #ShortPuts – With the…
$SVXY #ShortPuts – With the stock around 151 I’m selling the following:
Sold SVXY Jun 16 2017 90.0 Puts @ 0.41
Sold SVXY Jun 23 2017 85.0 Puts @ 0.50
Sold SVXY Jun 23 2017 80.0 Puts @ 0.39
Sold SVXY Jun 23 2017 75.0 Puts @ 0.30.
I will be adding aggressively if I get the chance
SVXY
Sold 1 August 18, 90 put @2.25
SVXY
STO August 85 puts @ 1.80
GS
LongCallDiagonals – Cleaning up the bull put spreads from a bigger position closed long ago. Can now officially put the 40 points in the win column. If she sells off back to the 180ish area I’ll look to get in again.
Bought to Close GS JAN 19 2018 130.0/100.0 Bull put spreads @ .50
JPM
#LongCallDiagonals – Killing time lowering basis. Getting more aggressive with front month after breaking support…
Bought to Close JPM JUN 2 2017 86.0 Calls @ .01 (sold for .60)
Sold JPM JUN 16 2017 83.5 Calls @ .75
SVXY Sale
#vxxgame
$SVXY STO 6/16/120 put @ 1.45 Thank you @jdietz1954
SPX calls sold
#SPXcampaign Spent the morning until now trying to coax a good fill for the 2465/2490 spread, but managed to miss every chance. Finally threw in the towel to get a position on.
Sold to Open $SPX June 30th 2460/2485 for 1.75, with SPX at 2407.
SVXY
STO August 21, 80 puts @1.40, staying small but have a lot of exposure running off this month.
PANW covered calls
#Earnings #CoveredCalls I am long stock from a busted earnings trade last quarter. I also have:
June 16th 110 put
June 16th 130 put (ITM)
June 23rd 110 put
I previously sold the June 16th 130 call for 1.80, and added these today:
June 2nd 130 call for 1.20
June 16th 135 call for 1.00
July 21st 135 call for 1.50
$DUST #ShortPuts – Bought to…
$DUST #ShortPuts – Bought to close DUST JUN 16 2017 19.0 Puts @ 0.05. They won’t trade any lower.
Originally sold on 02/23/2017 at 2.55
