The #VIXindicator has been updated. Accordingly, we’re looking to open at new all-time highs on SPX. I have been rolling call spreads back into put spreads.
Click “Home/REFRESH” above to keep right-column features updated.
Recent Updates Page 422
EWZ
BTO January 2019, 20 calls at 15.50. I will sell weekly calls against the position.
Roll or close?
Hey guys, quick poll. I have a TSO position that was assigned at 87.5. After 11-12 weeks of rolling (lost count) have the cost basis down to 77 and change. Currently short the 83 calls and stock at 83.09 so should be assigned at end of week.
I can A. roll the calls for more cash, right now generating about 1 dollar a week per contract
B. Get assigned and the cash will free up a ton of margin for other trades
I am profitable either way but right now I am not seeing a lot of premium in other names, especially on the weeklies. I am leaning towards B but have not really been able to find a weekly with the same premium.
Thoughts or anyone else seeing good premium in weeklies that I have overlooked?
One Closed For A Nickel
#spxcampaign
Closed Early
$SPX 5/26 2465/2440 BECS 99% profit
Upside Warning, SPX all-time closing high
#VIXIndicator As if we needed more confirmation that this market is bullish.
$NUGT $DUST combo platter for Friday.
I’m short some NUGT 36.0 Calls(Covered) and some DUST 29.0 Puts for Friday.
I will have to ride both positions into Friday’s close to see which positions expire and which I need to cover or roll. Should be interesting.
$TSCO #ShortPuts #FallingKnife – Sold…
$TSCO #ShortPuts #FallingKnife – Sold 1 TSCO Jan 19 2018 45.0 Put @ 1.40 with the stock at 52.95
$SVXY – it’s looking like…
$SVXY – it’s looking like the SVXY Puts at 148 that I rolled down last Friday to 145 for this week will expire. Of course I could have taken the stock and done OK too.
$VIX now at 9.93.
NUGT DUST combo platter
#PairsTrade #ShortCalls – The July meal is starting to digest so back to the buffet for December…they both can’t lose!
Selling the highest available strikes:
Sold DUST DEC 15 2017 50.0 Call @ 3.90
Sold NUGT DEC 15 2017 58.0 Call @ 4.30
$DUST #ShortCalls – DUST reversed…
$DUST #ShortCalls – DUST reversed lower this afternoon after a morning rally.
Bought to close DUST Jun 16 2017 51.0 Calls @ 0.05. Sold on 04/25/17 at 1.15
Bought to close DUST Jun 16 2017 49.0 Calls @ 0.05. Sold on 04/26/17 at 1.25
Closed out 3 1/2 weeks early. I still have Jun 2 49.0 Calls and Jun 16 65.0 Calls that I’m letting expire.
Fed Minutes just released
Fed Minutes just released
Volatility plunging
#VIXindicator After the shortest Downside Warning ever, today we should have an Upside Warning fire. These warnings are less powerful when we are already so close to recent highs, and in this case all-time highs. Although SPX is wavering, VIX is dropping and SVXY soaring. Dow and Nasdaq a bit stronger than SPX. RUT is down.
EWZ
#LongCallDiagonals – Really trying to keep the front month calls out of the way on this thing. It’s at resistance so may pull back but playing it safe. I’ll look for something higher to sell.
Bought to Close EWZ MAY 26 2017 35.5 Calls @ .37 (sold for .61)
EWZ
#PerpetualRollingStrangles – I’ve got a couple of directional positions on already. This one is a little more neutral. Low margin and nice return. One of the highest IV rank stocks on the Tastyworks list.
Sold EWZ JUN 30 2017 32.0/38.0 Strangles @ 1.12
STO Jun 16 TSO 80 puts at 1.03.
small account only 3 contracts.
EWW
#PerpetualRollingStrangles – Slow and steady…
Bought to Close EWW MAY 26 2017 51.5 Puts @ .04 (sold for .75)
Sold EWW JUN 16 2017 52.0 Puts @ .74
These types of positions are working so well in GLD and TLT I’ll probably be adding EWZ and XLE at some point…
$DUST #ShortPuts #IRA – Bought…
$DUST #ShortPuts #IRA – Bought to close DUST Jun 16 2017 18.0 Puts @ 0.05. They won’t trade any lower and it releases cash 3 1/2 weeks early in the IRA.
Originally sold at 1.15 and again at 1.45 on 3/15/17.
$RL #ShortPuts #FallingKnife – Sold…
$RL #ShortPuts #FallingKnife – Sold 1 RL Oct 20 1017 55.0 Put @ 1.20 with the stock at 66.79
$TRIP #ShortPuts #FallingKnife – Sold…
$TRIP #ShortPuts #FallingKnife – Sold 1 TRIP Dec 15 2017 32.0 Put @ 1.35 with the stock at 40.26
$TSCO #ShortPuts #FallingKnife – Sold…
$TSCO #ShortPuts #FallingKnife – Sold 1 TSCO Oct 50.0 Put @ 1.75. You could do better now.
$ALXN #ShortPuts #FallingKnife – sold…
$ALXN #ShortPuts #FallingKnife – sold these this morning with the stock at 101.0
Sold 1 ALXN Nov 17 2017 80.0 Put @ 3.40
Sold 1 ALXN Nov 17 2017 70.0 Put @ 1.60
TRTN
#ShortPuts #BuyWrite $TRTN Buy-Write July 21 30 call shares @ 29.65 , BE 27.97, profit 203, ex-div .45 on May 30, record date June 1, pay June 22. Also have working TRTN STO Oct 20 25 put 30% profit opened May 19.
STZ
STO October 150 put @ 2.35
STO WDC Jun 16 95 C for 0.95.
This covers my stock again. Have been selling-buying these with the steady upward momentum of WDC since first getting into this stock in Febuary. Cost basis of my stock now down to 74.32.
Love this stock, but also love lowering the cost basis this way.
NVDA call
SPX trades yesterday
#SPXcampaign One reverse-roll, one forward-roll, and one standard spread:
Stopped: bought to close SPX May 30th 2405/2430 call spreads for 4.10. Sold for 2.10 on May 17th.
#ReverseRoll: Sold SPX June 5th 2375/2350 put spreads for 2.85, 1.5x position size
Stopped: bought to close SPX June 15th 2430/2455 call spreads for 3.80.
#Rolling: sold SPX June 23rd 2445/2470 call spreads for 2.70, 1.5x position size
Sold to Open SPX June 23rd 2290/2265 put spreads for 1.35
ALXN #FallingKnife Sold $ALXN Jan…
ALXN #FallingKnife
Sold $ALXN Jan 19 60 puts @ 1.20. Lowest strike.
Expecting MOMO Momentum to Return
#shortputs
$MOMO STO 6/16 40 put @2.00
AZO put
#Earnings Sold $AZO Sept 480 put for 3.70. Lowest strike.
Today’s Recap (I am not in the ZONE!!! Because I am Short AZO Puts:-})
#spxcampaign
$SPX BTC 5/26 2270/2320 BUPS @ .15 94% profit
$spx BTC 5/26 2270/2320 BUPS @1.40 55% profit
#spxcampaign
$SPX STO 6/23 2475/2450 BECS @1.95 Thank you Jeff
#shortcalls
$LABU STO 6/16 48 call @3.20 (Covered)
$TRIP #ShortPuts #FallingKnife – Sold…
$TRIP #ShortPuts #FallingKnife – Sold 1 TRIP JAN 19 2018 30.0 Put @ 1.15
$AZO #Shortputs #FallingKnife – another…
$AZO #Shortputs #FallingKnife – another leg down to 580 and these filled
Sold 1 AZO DEC 15 2017 430.0 Put @ 4.30
Sold 1 AZO SEP 15 2017 480.0 Put @ 3.50.
Both are the lowest available strike prices
$ALXN #ShortPuts #FallingKnife – Sold…
$ALXN #ShortPuts #FallingKnife – Sold 1 ALXN Nov 17 2017 75.0 Put @ 2.10 with the stock at 104.75
#ironbutterfly SPX Followed from TT…
#ironbutterfly SPX
Followed from TT Aug. 18 2310/2390/2390/2475 for 60.00, 2475 margin.
SVXY
STO June 30, 95 put @ 1.05
STO July 21, 90 put @ 1.35
STO July 21, 85 put @ 1.10
RL
STO January 50 put @1.09, hat tip to Iceman for the idea.
AZO put
#Earnings Sold $AZO june 16th 560 put for 2.35. Selling around my threatened 610 puts, in case I need to roll.
$MYL #CoveredCalls – Sold MYL…
$MYL #CoveredCalls – Sold MYL Jan 19 2018 50.0 Calls @ 0.64 With the stock at 39.50
$AZO #ShortPuts #FallingKnife – Sold…
$AZO #ShortPuts #FallingKnife – Sold 1 AZO SEP 15 2017 480.0 Put @ 2.30. Lowest available strike price.
$RL #ShortPuts #FallingKnife – Sold…
$RL #ShortPuts #FallingKnife – Sold 1 RL JAN 19 2018 50.0 Put @ 1.25 with the stock at 67.71
TRIP #FallingKnife Sold $TRIP Jan…
TRIP #FallingKnife
Sold $TRIP Jan 18 30 puts @ 1.10 with the stock at 40.76
Yesterday STO JUN 17 2017…
Yesterday STO JUN 17 2017 600/610/720/730 Iron Condor @ $1.53.
Today closed 720/730 arm @ 0.05 leaving 600/610 arm then.
STO JUN 16 2017 550/560/640/650 IC @2.01
$ALXN #ShortPuts #FallingKnife – Sold…
$ALXN #ShortPuts #FallingKnife – Sold 1 ALXN Nov 17 2017 70.0 Put @ 1.50 with the stock at 103.26
ALXN #FallingKnife Sold $ALXN Nov…
ALXN #FallingKnife
Sold $ALXN Nov 17 70 puts @ 1.30 with the stock at 105.06
$DUST #coveredcalls STO Dec 15…
$DUST #coveredcalls
STO Dec 15 $40 calls for $4.80. I’m hoping this will be assigned for a 35% ROI, stock at 28.13, my basis higher about $34.25
AZO
STO 1 October 20, 550 put @ 15.00
The Downside Warning was canceled…
The Downside Warning was canceled on Monday
$QCOM #ShortPuts – Bought to…
$QCOM #ShortPuts – Bought to close QCOM JUN 16 2017 45.0 Puts @ 0.01. They won’t trade any lower and still have a month to run.
Originally sold on 01/30/17 at 0.92
$XOM #ShortPuts – Bought to…
$XOM #ShortPuts – Bought to close XOM JUN 16 2017 70.0 Puts @ 0.01. They won’t trade any lower and still have a month to run
#spx expected move this week…
#spx expected move this week
this week in red.last week green.
#spxcampaign All puts btc today…
#spxcampaign
All puts
btc today 2245/2200 @.75
btc 2290/2265 @ .50
btc 2240/2215 @ .75
btc 2250/2230 @ .55
had sold all for 1.50
reason had btc set at .20 but friday wanted out as we are going on vaca later in week and had forgot to reset over weekend back to .20/
still brought in money…just cuddda bee more…
Closing more UVXY calls
Bought to close $UVXY Sep 15 60 calls @ .30. Sold for 4.00 on 2/16.
VIX
The VIX is trying to close below 10.00, I hate it when that happens.
Econ Calendar for week of 5/22/17
Sorry I forgot to post this morning. Don’t forget to periodically click “Home/REFRESH” above to keep features on Bistro updated.
SPX trades today
#SPXcampaign Sold $SPX June 23rd 2450/2475 call spreads for 1.70.
Closed SPX May 26th 2300/2275 put spreads for .20. Sold for 1.40 on Apr 28th.
Got stuck having to #ReverseRoll a double-sized position into calls last Wednesday, and had to stop out of them today. So I sold an #IronButterfly, or an #IBroll. This allows me to cut my position size in half, and spreads the risk more moderately in both directions rather than heavily in one direction. I will look to close each side when they get cheap, and if I’m stuck with either side significantly ITM a week before expiry, I will do an #ITMroll.
Stopped: closed SPX May 31st 2390/2415 call spreads for 9.35. Sold for 4.80 last Wednesday.
#IBroll: Sold June 7th 2365/2390/2415 iron butterflys for 18.10.
AAOI selling puts on a rocket ship
Not my typical strategy, but I thought I’d try to get long the stock a couple of weeks ago so I sold some (at the time) near the money 55 puts in June. Those look like they will expire. I may or may not take them off but I’m adding July 55 puts for 2.00. My plan is to take this stock if assigned, not to roll out. I’ll keep trying until I get assigned. In the meantime…
AZO earnings
#Earnings The old reliable $AZO…
Sold to Open AZO June 16th 610/720 strangles for 4.75. Over last 12 reports, the 21-DAY MOVES of AZO: Biggest UP move: 7.5%, Biggest DOWN move: -3.3%, Average move: 2.4%. My strikes are 8.3% OTM.
Closing some June UVXY
Taking some risk off for almost full profit into the volatility contraction.
Bought to close:
$UVXY Jun 2 40 calls @ .04. Sold for 1.50 on 4/18
$UVXY Jun 16 50 calls @ .04. Sold for 1.80 on 4/13
$UVXY Jun 16 60 calls @ .04. Sold for 4.00 on 1/30
NUGT calls
Highest strike in September.
Sold $NUGT Sep 15 58 calls @ 2.60.
WFM straddle
Sold $WFM Jun 16 36 straddle @ 1.80 with the stock at 36.36. Breakevens at 34.20/37.80.
#coveredcalls LULU Good morning. Sold…
#coveredcalls LULU
Good morning. Sold June 9, 54 call for 1.00
STO June 16 WDC 82.5 puts at 1.07
STO June 9 WDC 83.5 puts at 0.90
Reestablishing put ladder. I actually did not think they would go through, gapped up this morning but on pullback the orders auto filled.
$DUST #ShortCalls – Bought to…
$DUST #ShortCalls – Bought to close DUST Jun 16 2017 53.0 Calls @ 0.05. It won’t trade any lower
Closed out a month early. Originally sold on 05/04/17 at 1.20
ISRG beast mode
#ShortStrangles – Nearly a 20 percent move in a month. Pretty impressive. Making a small adjustment…
Rolled this week’s 865 put up to 880 @ 4.00 credit
Rolled Jun 30th 862.5 call up to 867.5 @ 3.70 debit
Preserves my original premium in this week’s put sale while easing the ITM call up a little…
$SVXY #ShortPuts Rolled my May…
$SVXY #ShortPuts Rolled my May 26th 107 P up to May 26th 130 Put for 0.61 credit. Only 1 contract in a small Roth so trying to scalp a bit more. There was only .12 left on the 107 so it seemed like a reasonable thing to do.
$SPX
#SPXcampaign Bought to close my May 26th 228/2300 BuPS @ 0.15 off a GTC order. Originally sold for 0.80 on 5/5. I need to put on new positions with this method but am reluctant to come out of my fox hole.
$VIX – looks to be…
$VIX – looks to be headed back to 10
$SVXY
Volatility getting crushed this morning.
STO SVXY May 26 $130 puts @ $0.80, at last weeks low
Expirations, Closed Early and Assignment Oh My
#optionsexpiration
Expired Full Profit
$AMZN 890/920 BUCS
$GOOGL 850/860 BUCS
$SPX 2165/2190 BUPS
$FDX 175/180 BUPS
$BABA 110/115 BUPS
$GOOGL 800/810 BUPS
$AMZM 900/910 BUPS
$AMZN 980/970 BECS
$SPX 2445/2420 BECS
$ULTA 270/275 BUPS
$BIDU 165/170/205/200 IC (Earnings)
$NVDA 110/115 BUPS
$JAZZ 162.5/165 BECS (Earnings IC This almost offset total loss on put part – can I say put part in polite company)
$IBB 305 calls
$FXI 40 calls
$LABU 48 calls (covered)
$SVXY 70 put
$SVXY 133 put
$SVXY 122 put
$NVDA 90 put
Expired for Loss
$KATE 18/20 BUPS (64% of max loss)
$JAZZ 155/157.50 BUPS Max Loss
$BAC 27 calls Total Loss
$SWN 10 calls Total Loss
Closed Early
$BIDU BTC 177.5/185 BUPS @1.50 STO @ 2.70
$AAOI BTC 60/65 BUPS @.90 51% profit
Rolled
$OCLR 10 put to 6/19 10 put for additional .05
$SVXY 148 put to 5/26 146 put @ 1.00 added credit
Assigned
$AGN 225 put Basis 219.5
Thanks to everyone. Have a great weekend. Winter returning to NYC after heat wave since Bloody Wednesday.
CHRW adding at a lower strike
I missed this fill a little earlier.
Sold $CHRW Jan 19 55 puts @ 1.25
Options Expiration
SVXY $70 puts
SVXY $75 puts
SVXY $76 puts
SVXY $77 puts
SVXY $80 puts
SVXY $85 puts
SVXY $117 puts
SVXY $130 puts
UVXY $14 calls
UVXY $17 calls
Pretty good expiration
#OptionsExpiration #Monthlys #May19 – an…
#OptionsExpiration #Monthlys #May19 – an interesting week with rumor/politics causing a big drop that was almost erased by Friday. Volatility was all over the board, with the VIX rising almost 50% before settling back.
Maybe more fireworks next week, but this week’s swoon set me up with new positions in the weeklys options ($SVXY and $UVXY) through the end of June.
Only 1 small assignment for this week.
–Expirations —
DUST May 19 2017 45 Calls
HES May 19 2017 45 Puts
NUGT 25/100 May 19 2017 7 Puts
NUGT 25/100 May 19 2017 8 Puts
NUGT 25/100 May 19 2017 10 Calls (Covered)
NUGT 25/100 May 19 2017 14 Calls (Covered)
NUGT 25/100 May 19 2017 15 Calls (Covered)
SVXY May 19 2017 60 Puts
SVXY May 19 2017 65 Puts
SVXY May 19 2017 67 Puts
SVXY May 19 2017 68 Puts
SVXY May 19 2017 69 Puts
SVXY May 19 2017 70 Puts
SVXY May 19 2017 74 Puts
SVXY May 19 2017 75 Puts
SVXY May 19 2017 76 Puts
SVXY May 19 2017 77 Puts
SVXY May 19 2017 78 Puts
SVXY May 19 2017 79 Puts
SVXY May 19 2017 80 Puts
SVXY May 19 2017 81 Puts
SVXY May 19 2017 85 Puts
SVXY May 19 2017 111 Puts
SVXY May 19 2017 116 Puts
SVXY May 19 2017 117 Puts
SVXY May 19 2017 119 Puts
SVXY May 19 2017 120 Puts
SVXY May 19 2017 125 Puts
SVXY May 19 2017 129.5 Puts
SVXY May 19 2017 131 Puts
SVXY May 19 2017 132 Puts
SVXY May 19 2017 133 Puts
SVXY May 19 2017 134 Puts
SVXY May 19 2017 135 Puts
SVXY May 19 2017 136 Puts
SVXY May 19 2017 137 Puts
SVXY May 19 2017 138 Puts
TRIP May 19 2017 52.5 Calls
UVXY May 19 2017 13.5 Calls (Covered)
UVXY May 19 2017 14 Calls (Covered)
UVXY May 19 2017 15 Calls (Covered)
UVXY May 19 2017 15.5 Calls (Covered)
UVXY May 19 2017 16 Calls (Covered)
UVXY May 19 2017 20 Calls
UVXY May 19 2017 20.5 Calls
UVXY May 19 2017 21 Calls
UVXY May 19 2017 39 Calls
UVXY May 19 2017 40 Calls
UVXY May 19 2017 42 Calls
— Assignments —
M May 19 2017 25 Puts
#optionsexpiration I have none having…
#optionsexpiration I have none having closed them all earlier. All, have a safe and wonderful weekend.
#OptionsExpiration for 5/19 $AMZN 05/19/2017…
#OptionsExpiration for 5/19
$AMZN 05/19/2017 970 calls (covered)
$CYBR 05/19/2017 50 calls (covered)
$DIA 05/19/2017 195 puts
$DUST 05/19/2017 45 calls
$NVDA 05/19/2017 90 puts
$PII 05/19/2017 70 puts
$SVXY 05/19/2017 65 puts
$SVXY 05/19/2017 75 puts
$SVXY 05/19/2017 80 puts
$SVXY 05/19/2017 119 puts
$SVXY 05/19/2017 129.50 puts
$SVXY 05/19/2017 135 puts
$SVXY 05/19/2017 136 puts
$SVXY 05/19/2017 137 puts
$SVXY 05/19/2017 138 puts
$TGT 05/19/2017 55 puts
$TWLO 05/19/2017 32 calls (covered)
$UVXY 05/19/2017 30 calls
$XOP 05/19/2017 34 puts
No assignments.
Have a great weekend everyone.
No expirations, final trades…
#Earnings Closed $HD May 19th 157.5 puts for 1.05. Sold in the 155/157.5/160 broken-wing #IronButterfly for 2.82 on Monday.
#Rolling Closed $PANW May 19th 135 put for 18.60. Sold for 25.90 on Apr 19th (as a roll). Sold June 16th 110p for 3.30, and June 16th 130 put for 15.30. Brought my ITM put down 5 points.
#SPXcampaign Sold to Open $SPX June 15th 2275/2250 put spreads for 1.35.
Sold to Open May 31st 2360/2335 put spreads for 2.70… offsets threatened 2390/2415 call spreads for the same expiry.
