#PerpetualRollingStrangles – Replacing this week’s…
Sold EWW MAY 26 2017 51.5 Puts @ .75
Recent Updates Page 429
IBB
BTC June 225 puts @.05, Sold @ 3.95 and I think I owe Fuzzball a hat tip for this one.
$VIX – What does a…
$VIX – What does a single digit VIX mean?
http://tinyurl.com/lw7mya2
$CVS #ShortPuts – Bought to…
$CVS #ShortPuts – Bought to close CVS May 19 2017 70.0 Puts @ 0.01. They won’t trade any lower.
A former #FallingKnife trade. Sold in late January at an average of 1.23
People are panicking, the vix…
People are panicking, the vix is up .12 today!!!
SPX puts sold
#SPXcampaign Sold to Open $SPX June 2nd 2290/2265 put spreads for 1.40, with SPX at 2386.
SPX and SVXY trades yesterday
#SPXcampaign
Bought to close $SPX May 18th 2210/2185 put spreads for .20. Sold for 1.35 on Apr 21st.
Expired: SPX May 1st 2380/2355 put spreads. Sold for 4.65 last Tuesday.
#VXXGame
BTC SVXY May 19th 85 put for .15. Sold for 1.28 on Apr 21st.
BTC SVXY June 16th 75 put for .30. Sold for 3.40 on Feb 23rd.
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close 1 SVXY May 19 2017 71.0 Put @ 0.01- Originally sold at 1.17 on 4/13.
The funny thing is, until I closed the position it had not traded at all since I sold it. It had an open interest of 1 contract.
A Little of This, A Little of That
Expiration
#spxcampaign
$SPX 2415/2390 BECS Thank you Jeff
Closed Early
#shortputs
$GOOGL 5/19 825/635 BUPS @ .05 97% profit
#earnings
$CMI STO 5/5 140/160 strangle Thank you Jeff
#spxcampaign
$SPX 5/12 2440/2415 BECS @ 2.20
X puts missed this trade…
X puts missed this trade last week while away, STO Oct 17 18 puts @ 1.47, I think thanks go to @optioniceman.
Bucket List: last week I said that I was out of pocket to tick-off a long awaited Bucket List event at Las Vegas Motor Speedway/Drive Petty, to drive a NASCAR at 160 mph…yup, that was the plan! You know what they say about Vegas..? Arrived at the track at closing bell, put on the fire suit, completed driver’s meeting and walked to the pit area for more safety instructions, issued a helmet with built in mic, stood around for the next race car w/instructor to pull up. Name called, now it’s time to fold my early mid-century body through the driver’s side window, no doors in this puppy, it’s filled with high impact metal tubing, in case of a-you-know-what…ok, right leg up and through, left leg up and through, then butt, stomach, chest and helmet bouncing off the roof…plopped, that happened real fast, into a plastic seat shaped like a toddler’s potty chair, hmm, did I go already, hands came out of nowhere “slap-click, slap-click, slap-click,” the hands disappeared only to return with a horses collar for my neck, now I really can’t, literally, can’t move any part of my body that includes breathing…I could have been in the Mercury space capsule for all I knew. Instructor introduces himself shakes my hand, oh I have something that moves thought I lost it on entry, asks if I’d done this before, I said yes, small time SCCA, that took all my breath the seat belts are to tight, I gasped, oh one more accessory, the steering wheel, Saturn just arrived 6 inches from my nose, he loosened the belts a little then started to explain dials, switches and hand signals, I sense hands again, raising the black webbing locking it into place with a huge piece of rebar. Mind you, there is no way to get comfortable unless you’re smoking weed, forward vision is restricted to about the size of a legal pad, no lateral vision I guess if you are racing you just listen for the sound of crunching metal. Backing up a little, some 15 years ago I almost drowned off of Cabo, caught in a rip, went down twice, my screaming summoned a surfer who hoisted me on her board by my shorts, another surfer took me to shore. The surfer lady that rescued my butt, just happened to be the mother of the champion girl surfer who’s left arm was bitten off by a shark. Ok, well the fear/panic I experienced of almost drowning, arose when I was seated in the confining race car. I got out, cancelled the drive. The Drive Petty folks said that it happens, sometimes…
SVXY
After the close, STO May 19, 110 put @.67
Closing some UVXY
Reducing short vol exposure.
Bought to close the following:
$UVXY May 12 27.50 calls @ .03. Sold for 1.13 on 3/31.
$UVXY May 12 30 calls @ .03. Sold for 2.10 on 4/11.
$UVXY May 12 40 calls @ .03. Sold for 1.35 on 4/12.
$UVXY May 19 39 calls @ .03. Sold for 1.70 on 3/21.
$UVXY May 19 40 calls @ .04. Sold for 1.00-1.50 on 4/3-4/11.
Have a lot more to go. With the market at these levels I have a quick hook on positions that are getting under .05 to cover.
#VXXGame
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close 1 SVXY May 5 2017 75.0 Put @ 0.01- Originally sold at 1.15
SVXY
At the close, STO May 19, 120 put @1.12 and 130 put @1.95
GOOGL adjustment
#LongCallDiagonals – Paying a small debit but that’s ok since this short call has accumulated 10.15 in premium so far.
Rolled May 12th 857.5 call to Sep 15th 880.0 call @ .90 debit
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
Looking at rolling the 2019 long call up (again) which would take nearly all the risk out of the trade…
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close 4 SVXY MAY 12 2017 65.0 Puts @ 0.02. Originally sold at 0.56
$DUST
sold partial position at $34.78, bought 4/26 for $32.88. I expect a pullback after nearly 8% jump today. Gold is near 50 day MA, so I think a bounce is in order which will drive DUST lower. Keep tuned.
SVXY
STO May 19, 130 put @1.95, joining the crowd and taking the hit for the team. I sure hope this works.
$VXX #ShortCalls – Bought to…
$VXX #ShortCalls – Bought to close 3 VXX May 26 2017 30.0 Calls @ 0.02. Originally sold @ 0.38
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close 5 SVXY JUN 16 2017 30.0 Puts @ 0.04. Originally sold at 2.30
#SVXY #ShortPuts #ShortCalls – Margin…
#SVXY #ShortPuts #ShortCalls – Margin issues raising their ugly head again.
Bought to close 2 SVXY Jan 19 2018 125 Calls @ 41.90 – Originally sold at 9.00
Bought to close 10 SVXY Jan 18 2019 20.0 Puts @ 0.36 – Originally sold at 2.00
A net overall loss.
If the stock stays at 150 I’ll be forced out of more positions in the next day or two.
SVXY for the team
#TakeOneForTheTeam #ShortStrangles – Looks like we need another one of these so here goes….
Sold SVXY MAY 19 2017 160.0/155.0 Bull put spreads @ 3.07
Even with an implosion I’ll get the stock just a measly 1.93 below where it’s trading then…
# short puts
Closing WDC May 26 77.5 puts early. They are down to 0.19 and originally sold for 1.15. They would probably go out worthless in 25 days but I can use the margin to open new positions.
CMI earnings
#Earnings Sold $CMI May 5th 140/160 strangles for 1.00. Biggest UP move: 7.6%, Biggest DOWN move: -8.7%, Average move: 4.1%. These strikes are +5.3% and -7.9% OTM.
$VIX – Back down to…
$VIX – Down to 9.90 at the low …. so far. Bounce territory for sure.
VIX Crashes To 9-Handle For First Time In Over 10 Years
As Nasdaq melts up faster than Bitcoin, perceived equity market risk has utterly collapsed. VIX just traded with a 9-handle for the first time since Feb 2007…
DUST Dec calls
Starting small in December, and will wait for higher strikes for further sales.
Sold $DUST Dec 15 50 call @ 6.50
$UVXY
BTC May 12 $30 calls @ $0.02 (sold for $1.75)
BTC May 12 $40 calls @ $0.02 (sold for $1.24)
SVXY
STO one contract of January 2018
205 call @10.30
210 call@9.55
215 call @8.60
$AMZN
Looks like it is headed higher now. BTC May 5 $960/$965 BeCS’s @ $0.65 (sold for $0.79). Should have closed on friday. I did expect it to firm up, but wasn’t expecting this big of a jump, just getting out of the way. All of the high volume bars are green so this thing could just keep going for a while.
STO $AMZN May 5 $910/$900 BuPS’s @ $0.48
SPX calls sold
#SPXcampaign Sold to Open $SPX June 2nd 2450/2475 call spreads for 1.40. Going for higher now (or you can go for the 2455 short).
CHTR earnings
#Earnings Sold $CHTR May 5th 325/370 strangles for 2.30 (each side sold separately for 1.15). Biggest UP move: 9.2%, Biggest DOWN move: -7.9%, Average move: 3.6%. My strikes are +7.2% and -5.8% OTM.
Econ calendar for week of 5/1/17
Be sure to click “HOME/Refresh” to keep features in the right-hand column updated.
JOBS report is this Friday, 5/5.
#options expiration Friday btc xle…
#options expiration
Friday
btc xle 68 put @ .05/had sold for .57
expired xle 70 call/ had sold for .92
More Expirations
#spxcampaign
Expired
$SPX 4/28 2230/2255 BUPS Thank you @jeffcp66
$SPX 4/28 2175/2275 BUPS Thank you @fibwizard
Expired and Closed Early
#optionsexpiration #earnings
$EXPE 126/146 Strangle for earnings Thank you @jeffcp66
$PEP 112/115/118/115 IB Earnings Loss of $20 per contract
$SVXY 70 put
$SVXY 115 put
$UVXY 24.50 call
$UVXY 23 call
#spxcampaign
Closed Early
$SPX BTC 4/28 2405/2380 BECS @ 3.50 STO @ 3.60
Have a great weekend everyone. Weather warming up on the East Coast. Golf!
$LB ShortPuts #FallingKnife – today…
$LB ShortPuts #FallingKnife – today I covered a short May 50.0 Put at a point that I originally sold for 1.20.
Despite the fact that it is out of the money 2 points with 3 weeks to go, in early April the stock collapsed to 43.04 before gaining it all back recently.
I decided I don’t need added the risk on this name because I am still short Aug 45 and 42.5 Puts and Nov 32.5 Puts that are nicely profitable.
One of my unwritten rules is if a Put that I sold for 1.20 gets up to 7 or 8 dollars and then gives me a chance to get out ahead, I take it, and don’t look back.
I would have taken the stock if it had stayed down. The current move shows why that would have worked too.
#OptionsExpiration for 4/28 A light…
#OptionsExpiration for 4/28
A light week.
$SVXY 04/28/2017 90 puts
$UVXY 04/28/2017 35 calls
$UVXY 04/28/2017 39 calls
No assignments.
Have a great weekend everyone.
Have a great WE everyone…
#OptionExpiration
I have two Expiring
$SVXY
April 28th 115 Put
April 28th 102 Put
Have a great weekend all. See you back here Monday.
OptionsExpiration
Lots of positions rolling off.
SVXY $80 puts
SVXY $85 puts
SVXY $87 puts
SVXY $90 puts
UVXY $28 calls
UVXY $31 calls
UVXY $33.5 calls
UVXY $35 calls
UVXY $37 calls
UVXY $39 calls
Great week to sit back and watch delta and theta work. Early this week I closed all of my next week UVXY calls for pennies. So just waiting and watching to put money to work.
#OptionsExpiration #Weeklys #Apr28 – A…
#OptionsExpiration #Weeklys #Apr28 – A pretty nice week with a bunch of #Volatility trades ($SVXY $UVXY) rolling off.
Another set of $DUST Puts expired as I continue to reduce my exposure in those.
Only one assignment this week.
— Expirations —
DUST (Weekly) Apr 28 2017 23.5 Puts
NUGT (Weekly) Apr 28 2017 7 Puts
NUGT (Weekly) Apr 28 2017 7.5 Puts
NUGT (Weekly) Apr 28 2017 10 Calls (Covered)
NUGT (Weekly) Apr 28 2017 11.5 Calls (Covered)
NUGT (Weekly) Apr 28 2017 13 Calls (Covered)
NUGT (Weekly) Apr 28 2017 14 Calls
SVXY (Weekly) Apr 28 2017 70 Puts
SVXY (Weekly) Apr 28 2017 75 Puts
SVXY (Weekly) Apr 28 2017 80 Puts
SVXY (Weekly) Apr 28 2017 85 Puts
SVXY (Weekly) Apr 28 2017 87 Puts
SVXY (Weekly) Apr 28 2017 88 Puts
SVXY (Weekly) Apr 28 2017 89 Puts
SVXY (Weekly) Apr 28 2017 90 Puts
SVXY (Weekly) Apr 28 2017 91 Puts
SVXY (Weekly) Apr 28 2017 94 Puts
SVXY (Weekly) Apr 28 2017 96 Puts
SVXY (Weekly) Apr 28 2017 98 Puts
SVXY (Weekly) Apr 28 2017 105 Puts
SVXY (Weekly) Apr 28 2017 107 Puts
SVXY (Weekly) Apr 28 2017 150 Calls – Part of a strangle trade
UVXY (Weekly) Apr 28 2017 22.5 Calls (Covered)
UVXY (Weekly) Apr 28 2017 23 Calls (Covered)
UVXY (Weekly) Apr 28 2017 24 Calls (Covered)
UVXY (Weekly) Apr 28 2017 31 Calls
UVXY (Weekly) Apr 28 2017 32 Calls
UVXY (Weekly) Apr 28 2017 33 Calls
UVXY (Weekly) Apr 28 2017 34 Calls
UVXY (Weekly) Apr 28 2017 35 Calls
UVXY (Weekly) Apr 28 2017 39 Calls
— Assignments —
NUGT (Weekly) Apr 28 2017 9 Puts – a new long position
Options Expiration 4/28/17
#OptionsExpiration #Earnings #ShortStrangles #CoveredCalls #IronButterfly
— Expired —
EXPE 126/146 strangles
PANW 117 covered call
SRPT 31.5 puts
— Assignment —
PEP 115 puts
Expirations and have a nice weekend.
SVXY
75 puts
80 puts
85puts
105 puts
SPX calls sold
#SPXcampaign Sold to Open $SPX May 26th 2435/2460 call spreads for 1.65.
$DUST #shortcalls It looks like…
$DUST #shortcalls
It looks like one batch of Apr 28 $30 calls will be called away.
Another batch of Apr 28 $33 calls will expire. Whew, they had a 0.13 delta looking safe when sold, but DUST was trading over $34 yesterday and today, causing worry and shifting securities between accounts. I am ready for yard work this weekend to relax.
#ironcondor AMZN Sold June 16…
#ironcondor AMZN
Sold June 16 850/860/990/1000 for 2.35
EXAS
STO June 16, 30 puts @1.70, this is a speculation for me on this company. I got the idea over on SMM.
#earnings This week I had…
#earnings This week I had trades on BIDU,EXPE,SRPT, SBUX and CMG, all expiring May 19, I’m successfully out of 4, SBUX gamble has not worked, small loss. Other than SRPT which was a strangle, the others were #ironcondors. We know there is usually more premium going out further but often don’t get the volatility crush, but have more time for adjustment if it’s needed. I essentially followed Jeff’s trades, tweaking them for my margin needs. Tried for a strangle on X, fortunately wasn’t filled, and an IC on FFIV that wasn’t filled, would be a maybe.
$DUST #ShortPuts #Rolldown #IRA -…
$DUST #ShortPuts #Rolldown #IRA – while I was hoping that these would expire, I instead rolled them out a couple of weeks and moved the strike price down 4 points with the stock at 31.68.
Bought to close DUST Apr 28 2017 32.0 Puts @ 0.44 – Originally sold at 5.22
Sold DUST May 12 2017 28.0 Puts @ 0.84.
A 0.40 credit on the trade, and these come due the same time as my NUGT May 12 2017 8.0 Puts.
One of the trades will certainly work, maybe both.
#SPXcampaign Jeff when you trade…
#SPXcampaign Jeff when you trade a #RiskReversal do you still use the same number of contracts as when placing normal spreads? Is the reason for using a 20×25 spread to achieve the correct cover? Hope I have not confused you.
I tried to comment straight on to your post but it came back as needing approval?
#short puts STO 3 may…
#short puts
STO 3 may 19 76 puts at 0.97. I am long TSO and have cc on it at 83 in 2 weeks but am trying to increase returns.
FB roll
#Earnings #CoveredCalls #Rolling
This will extend my 15-month earnings trade even longer. I’m left with only 100 shares from the trade that started in Jan 2016 and finally became profitable in December.
BTC $FB Apr 28th 145 covered call for 4.95
STO $FB May 12th 147 covered call for 5.25
I gained .30 on the roll, and an extra $200 if I am called away after earnings. I may keep this position as an exercise in rolling covered calls. I plan to initiate new earnings trades next week when it reports on Wednesday.
Lucky fill
#Earnings BTC $ANTM 170/175 call spreads for 4.89. These were set to expire, costing me 5.00, but I put in an order for 4.90 just in case I got a fill… saved 11 cents! Unless, of course, it closes below 174.89, in which case I’m not so lucky.
Trying To Unwind A Bad Trade
#shortcalls
$CMG BTC 4/28 425 call @ 53.06
$CMG STO 5/5 445 call @ 33.80
IF $CMG continues down next week I will try to close the 5/5 call. Stuff not liquid. I was going to close the 4/28 for the whole enchilada loss but there was no volume. I put this roll order in and was filled almost immediately. Makes me feel I did something bad. ;-{
# low vol.
Have a rare moment at lunch and looking at potential trades. Seems like the vol dried up after the earnings yesterday. Best thing I can find to do at the moment is set up put selling or jade lizard ladders on individual names. Starting 21 or 28 DTE add a new position each week. 3 I am looking at are TSO, WDC, GILD and possibly EXPE. Seem to have the best bang for the buck over the next few weeks as the premiums are still high, about $1 for delta 30 options. VIX is too low for /ES strangles.
Upside Warning relative performance
#VIXIndicator #Markets
I’ve created a chart to compare the performance of Upside Warnings with the correction that precedes it. The bigger the correction, the bigger the subsequent rally in the SPX. This is no surprise, but I wanted to see how it charted from all Upside Warnings since 1999. The mini-correction we just had was exactly 3.00%, which is tied for smallest with one in 2013. So the move up we should expect now is relatively minor. The first bar on the chart is that 2013 example… SPX increased 3.44% from the close of the Upside Warning day to the next SPX high. A 3.44% move this time would be a high of 2469.58.
Let me know if you have questions!
(note the only time there was a negative performance were the days leading up to 9/11/2001)
SPX risk/reversal
#SPXcampaign I remain bullish based on VIX Indicator Upside signal. Since it is taking its time going higher, I am placing another #RiskReversal which overlaps with my current one expiring May 5th.
Bought to Open $SPX May 12th 2410/2430 call spreads for 3.00
Sold to Open $SPX May 12th 2355/2330 put spreads for 2.90
My other May 5th R/R may expire worthless which will be a small gain since I sold the put spread for more than I paid for the call spread. If we get a surge next week, both R/R’s will profit.
#Closed Early #SPX Campaign #Short puts #Long Calls
Closed Early
#spxcampaign
$SPX 5/5 BTC 2455/2430 @.30 79% profit
#longcalls #earningstrade
$SRPT STC 4/28 35 Calls @ 3.00 BTO 4/26 @ 2.30
#shortputs
$AMZN STO 5/5 930 Put @ 7.10
$ULTA STO 5/19 270/275 BUPS @ 1.00 #earnings
#spxcampaign
$SPX STO 5/26 2275/2300 BUPS @ 1.45 Thank you @jeffcp66
#longcalls
$NFLX BTO 6/16 150 call 6.40 Expect stock to appreciate as result of $BIDU deal
$SPX
#SPXcampaign Jeff Followed you in my humble way. Sold May 19th 2300/2280 Put spread at 0.85.
$AMZN
STO May 5 $960/$965 call spreads @ $0.79
Earnings updates
#Earnings
BTC $AMZN 920/950 call spreads for 22.00. Sold yesterday for 24.15 (as #IronButterfly)
BTC $SRPT 38.5 calls for .80. Sold yesterday for 1.75 (as 31.5/38.5 strangles).
$FFIV, order in to close 126 puts for .10 (sold as 126/146 strangles for 1.00)
$EXPE 126/146 strangles sold for 1.05… allowing to expire
$PEP 112/115/118 iron butterflys sold for 1.85; early-assigned some stock at 115; going to take assignment on the rest and own stock with 113.15 cost basis.
$ANTM 165/170/175 IB sold for 3.50; the loser for the week. Will allow execution for 5.00, so 1.50 loss.
$DPZ May 19th 165 puts. Order in to close for .05.
All this plus the CMG win… only one loss and one assignment so a very good week!
#vol crush Thanks to volatility…
#vol crush
Thanks to volatility crush on WDC get to close out next 3 weeks of WDC puts at the 75 and 77.5 level for 0.06 and 0.13 and 0.14 3 weeks early. Originally sold for 1.10-1.25.
Too many patients to trade at the moment but maybe at lunch will be able to find a trade to re-deploy capital.
Anyone have good put selling ideas today? Or a jade lizard?
$SVXY #ShortCalls #Rollup – a…
$SVXY #ShortCalls #Rollup – a 2nd roll on this position.
Bought to close SVXY Apr 28 2017 137.50 Calls/ Sold SVXY Jun 2 2017 146 Calls @ 0.52 Credit.
Originally rolled Mar 17 2017 125.0 Calls up to these 137.50 Calls for a 0.20 credit.
At the time the strike was above the alltime high in SVXY.
The new strike is right at the current alltime high. Maybe this one will work.
On the plus side I have 27 short SVXY puts expiring today. So It’s not all bad.
SPX puts sold
#SPXcampaign Sold to Open $SPX May 26th 2300/2275 put spreads for 1.40.
$AMZN #CoveredCall Sold $AMZN Jun…
$AMZN #CoveredCall
Sold $AMZN Jun 16 1020 call @ 5.50
#SPXcampaign Jeff, Noticed you still…
#SPXcampaign
Jeff, Noticed you still have $SPX May 1st 2390/2415 open! Is the plan to hold or close out today and roll? I was just curious as I closed yesterday for 4.70.
Economic Data
8:30am EST Advance GDP q/q1.3%
8:30am EST Advance GDP Price Index q/q2.0%
8:30am EST Employment Cost Index q/q0.6%
9:45am EST Chicago PMI56.9
10:00am EST Revised UoM Consumer Sentiment98.1
10:00am EST Revised UoM Inflation Expectations
1:15pm EST FOMC Member Brainard Speaks
2:30pm EST FOMC Member Harker Speaks
Earnings before Open
AGCO Corp. (AGCO) – consensus EPS -$0.17
Ardent Mines Limited (ADNT) – consensus EPS $2.39
Autoliv (ALV) – consensus EPS $1.55
Chevron (CVX) – consensus EPS $0.92
Colgate-Palmolive (CL) – consensus EPS $0.66
ExxonMobil (XOM) – consensus EPS $0.87
General Motors (GM) – consensus EPS $1.46
Goodyear Tire (GT) – consensus EPS $0.63
Host Hotels & Resorts (HST) – consensus EPS $0.15
Phillips 66 (PSX) – consensus EPS $0.13
Royal Caribbean Cruises (RCL) – consensus EPS $0.92
Sanofi (SNY) – consensus EPS N/A
Spirit Airlines (SAVE) – consensus EPS $0.49
V.F. Corp. (VFC) – consensus EPS $0.55
Earnings After Markets Close
Itaú CorpBanca (ITCB) – consensus EPS $0.13
#Earnings #Short Puts # Closed…
#Earnings #Short Puts # Closed Early # Expiration
#earnings
$EXPE 4/28 126/146 Strangle @ 1.06 Thank you @jeffcp66 Stock down to 134 after hours. So far so good.
$BIDU 5/19 165/170/205/200 IC @ 1.20 (OMM Trade) Stock down to 179.50 after hours. So far so good.
Trade
#shortputs
$AAL STO 5/12 42.50 put @ .49 Thank you @honkhonk81 via Bridget @ OMM
Closed Early
Half smart or more likely prudent
$GOOGL STC 5/19 850 call @ 30.80 Bought 4/18 for 22.30. Did keep a GOOGL long call through earnings. Is a YIPEE in order?
Expired
#spxcampaign
$SPX 4/26 2410/2385 BECS at a 55 cent per contract loss.
#VIX – some interesting charts…
#VIX – some interesting charts in this article –
http://www.zerohedge.com/news/2017-04-27/vix-crush-saves-stocks-crude-drops-gdp-flops-us-credit-risk-pops
$VIX #VXXGame – the VIX…
$VIX #VXXGame – the VIX is a 10.37 and is right at near term support. I know it can stay low for extended periods of time but this is the area where it has bounced from in the past.
Looking out a few weeks I would expect another bounce to the 12 area. That is where I start selling volatility again.
For now I’m letting old positions roll off via expiration or covering longer term positions if they continue to decay toward minimum value.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close UVXY3 JUN 16 2017 35.0 Calls @ 0.01. They won’t trade any lower.
These were the pre-split contracts.
Originally sold on 12/30/2016 @ 0.96. Out 50 days before expiration.
#earningstrade BIDU May 19 IC…
#earningstrade BIDU
May 19 IC 165/175/200/210, BIDU is at 187, received 2.44
$X #ShortPuts #FallingKnife – Sold…
$X #ShortPuts #FallingKnife – Sold 1 X OCT 20 2017 18.0 Put @ 1.26
$NUGT #ShortPuts – getting a…
$NUGT #ShortPuts – getting a few of these done today
Sold NUGT MAY 19 2017 7.0 Puts @ 0.45
Sold NUGT MAY 26 2017 6.5 Puts @ 0.29
Sold NUGT JUN 2 2017 6.5 Puts @ 0.36
$MCK #ShortPuts – Bought to…
$MCK #ShortPuts – Bought to close 1 MCK MAY 19 2017 110.0 Put @ 0.05. It won’t trade any lower.
Originally a #FallingKnife trade that was sold at 1.55 on 1/27. Out of the trade almost month early.
