The 20day MA has crossed below the 50 day MA and the RSI does not look good either. Time to be careful.
Recent Updates Page 432
$URI #ShortPuts #Earnings Sold URI…
$URI #ShortPuts #Earnings Sold URI APR 21 2017 105.0 Puts @ 0.35 with the stock at 119.59
$UVXY #ShortCalls #Speculation- Sold UVXY…
$UVXY #ShortCalls #Speculation- Sold UVXY Apr 21 2017 22.0 Calls @ 0.26
The 2 week high on the stock is 21.75 and they can always be rolled.
$TSO #ShortPuts #FallingKnife – Thanks…
$TSO #ShortPuts #FallingKnife – Thanks @hcgdavis for pointing this one out
Sold 1 TSO Jun 2 2017 68.5 Put @ 1.09
Sold 1 TSO Aug 18 2017 65.0 Put @ 65.0 Put @ 1.72
$NUGT #ShortPuts #OptionLadder – Selling…
$NUGT #ShortPuts #OptionLadder – Selling more to force DUST up 🙂
Sold NUGT Jun 2 2017 7.5 Puts @ 0.49
Sold NUGT Jun 2 2017 7.0 Puts @ 0.36
SVXY
In my IRA, STO June 16, 65 puts @.75
$XOP–A bullish trade on oil
Sold $XOP May 19 34 puts @ .60
Straddling $T Earnings Trade
$T BTO 4/28 40.50 straddle @ .95
JPM
#LongCallDiagonals #IRA – Still selling weeklies while she rests…
Bought to Close JPM APR 21 2017 87.0 Calls @ .04 (sold for .47)
Sold JPM APR 28 2017 86.5 Calls @ .45
This question for anyone. How…
This question for anyone. How does one trade SVXY, UVXY if day trading?
# falling knife. I was…
- falling knife. I was hoping TSO would rebound off the 77-78 level. However it is starting to look like a falling knife trade. I have my cost basis down below 82 and have sold and 83 call. If it rebounds I will have a good profit. If it continues to drop I will collar it by adding some long-term puts. If anybody else is following this trade, it tends to rebound hard when it finds a bottom. I have seen it run 77-90 in the course of a week. If I were taking this trade now, I would probably buy stock and then sell a call credit spread at the money so you could have some unlimited upside.
Follow the Leader SPX Campaign and Reducing Risk on $AMZN
#spxcampaign
$SPX STO 5/12 2200/2225 BUPS @ 1.45
Closed Early
$AMZN BTC 4/19 930/920 BECS @ 82% profit
Have several $AMZN BUPS and BECS expiring 4/19 and feel better closing some early.
EWW adjustment
#ShortStrangles – Looks like the short term run is over. Closing put side of strangle at even and re-selling in the same expiration where I rolled the calls earlier.
Bought to Close EWW APR 21 2017 52.5 Puts @ 1.73 (sold for 1.75)
Sold EWW MAY 12 2017 49.0 Puts @ .61
New position is now May 12th 49/50 Strangles @ 1.43
SVXY
STO June 16, 70 puts @ .90 cents in my IRA.
$GWW $APA $IBM – #FallingKnife…
$GWW $APA $IBM $CVX – #FallingKnife candidates today
$VFC #ShortPuts – Bought to…
$VFC #ShortPuts – Bought to close 1 VFC May 19 2017 45.0 Put @ 0.05.
It won’t trade any lower and I’m out a month early.
A former #FallingKnife trade. Originally Sold @ 1.55 on 2/7/17
This is how these trades are supposed to work 🙂
Rolling $FB Calls
$FB STC 4/21 130 calls @11.32 Booking some profit
$FB BTO 5/19 135 calls # 8.32 Looking for earnings run. Run $FB Run
Closed Early
$USCR BTC 4/21 55/60 BUPS @ 80% profit
$TSLA #BuPS STO May 12…
$TSLA #BuPS
STO May 12 TSLA 275/255 BuPS for $2.53
Earnings on May 24th AMC.
Support at 294, 286, 278 & 270.
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Gold miners are weak after a big run last week. Glad I sold some of my NUGT Friday.
Sold NUGT MAY 12 2017 8.0 Puts @ 0.32
Sold NUGT MAY 19 2017 8.0 Puts @ 0.41
Sold NUGT MAY 26 2017 8.0 Puts @ 0.52
Sold NUGT MAY 26 2017 7.5 Puts @ 0.39
SPX puts sold
#SPXcampaign Sold to Open $SPX May 12 2225/2200 put spreads for 1.45. This is my second put spread from last week that I delayed due to downside threat… that threat seems lower now.
ISRG
#Earnings – Bought to Close ISRG APR 21 2017 720.0 Put @ .05
This leaves 5.04 of premium from the original strangle. Still sitting on the short 800 call.
Also:
Sold ISRG APR 21 2017 805.0 Put @ 6.40
Position is now 805/800 inverted @ 11.44 credit. That give plenty of maneuvering room for an end of week roll if needed. Not ideal but could still work out unless ISRG pulls a CMG and goes to 1000!
BLK earnings profit
#Earnings Bought to close $BLK 370/380/390 #IronButterfly for 4.65. Sold yesterday for 6.50. That should cover losses in $ISRG if it fails to drop below 775.00 by Friday.
SVXY
STO January 185 call @11.30 on one contract.
CMG
#ShortStrangles – Bought to Close CMG APR 21 2017 455.0 Put @ .10 (sold for 6.15 after a couple roll ups)
Still have the short 440 call from the other side of the strangle. With earnings next week I could roll it up a few strikes and sell another aggressive put or just split it up into a new strangle…
$ISRG #ShortPuts #Earning – covered…
$ISRG #ShortPuts #Earning – covered two sets of puts sold yesterday. They won’t trade any lower.
Bought to close ISRG Apr 21 2017 680.0 and 685.0 Puts @ 0.05
Earnings After Markets Close
American Express (AXP) – consensus EPS $1.28
Crown Holdings (CCK) – consensus EPS $0.69
Kinder Morgan (KMI) – consensus EPS $0.18
Qualcomm (QCOM) – consensus EPS $1.20
Select Comfort Corp (SCSS) – consensus EPS $0.44
Steel Dynamics (STLD) – consensus EPS $0.76
United Rentals (URI) – consensus EPS $1.51
eBay (EBAY) – consensus EPS $0.48
The math behind why 45…
The math behind why 45 DTE is most efficient for selling options.
https://www.tastytrade.com/tt/shows/the-skinny-on-options-modeling/episodes/why-45-dte-is-the-magic-number-05-26-2016–2
$VIX $VVIX – a little…
$VIX $VVIX – a little light reading for VIX followers
Forecasting a Volatility Tsunami
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2949847
Upcoming volatility?
From a newsletter I receive…FWIW
Nice day in My World…
Potpourri
#closed early
$SPX BTC 4/19 2280/2305 BUPS @ 93% profit Thank you @jeffcp66
$AMZN BTC 4/21 865/875 BUPS @ 92% profit (closed part of position – semi prudent)
$AMZN BTC 4/21 960/950 BECS @ 93% profit
$NFLX BTC 4/21 130/140 BUPS @ 89% profit
$SPX STO 5/1 2415/2390 BECS @ 1.65 Thank you @jeffcp66
$SPX STO 5/19 2165/2190 BUPS @ 1.50 Thank you @jeffcp66
$IBM STO 4/21 170/172.5/175/172.5 Iron Butterfly @ 2.05 Thank you @thomberg1201
$RENN STO 4/21 8/9 BUPS @ .95 Thank you @fuzzballl
$GOOGL BTO 5/19 850 calls @ 22.30
tastytrade Earnings Reseach report…gratis
http://tinyurl.com/m5zewd7
$VIX – The small rally…
$VIX – The small rally lasted for just an hour or two. Then it got crushed. Apr futures will be gone tomorrow, and so will backwardation.
www.vixcentral.com
I’m glad I sold some UVXY calls today while I had the chance.
#earnings #ironbutterfly IBM April 21…
#earnings #ironbutterfly IBM
April 21 167.50/170/170/172.50 for 2.06, risk about 40 for a NFLX style non event
$ISRG #ShortStrangle #Earning – Sold…
$ISRG #ShortStrangles #Earning – Sold ISRG APR 21 2017 830.0 Calls @ 0.65. Along with the ISRG APR 21 2017 685.0 Puts @ 0.55, that makes the total strangle proceeds 1.20.
My covering orders are already in at a nickel.
Taking off some SVXY in June
Loaded up in June on the recent volatility spike. Taking this one off for around 90% of the premium.
Bought to close $SVXY Jun 16 55 puts @ .40. Sold for 3.80 on 12/30.
RENN earnings
#Earnings – Is this crazy? Breakeven at 8.05. Risking .05 to make .95 About like a hand of blackjack…
Sold RENN APR 21 2017 9.0/8.0 Bull put spreads @ .95
$QCOM $APA – #FallingKnife candidates…
$QCOM $APA $GWW – #FallingKnife candidates today
SPX for fun
#IronCondors – Legging in staying small. Low (zero?) risk with decent return.
Yesterday Sold Apr 21st 2360/2365 Bear call spreads @ 1.00
Today Sold Apr 21st 2330/2325 Bull put spreads @ 1.55
2.55 credit on 2.50 wide condors. Now risk free but need to hold 2330 by end of week. Let ‘er ride!
SVXY
STO June 2, 75 put @ 1.35
$UVXY #ShortCalls – Sold 1…
$UVXY #ShortCalls – Sold 1 UVXY Jun 2 2017 40.0 Call @ 1.50. Highest available strike.
TLT adjustment
Rolled Apr 28th 119.5 calls to Jun 120 monthlies @ .10 credit
Rolled Apr 28th 119.0 calls to Jul 120 monthlies @ .02 credit
Replacing a fairly sizable expiration this week with next week’s:
Sold TLT APR 28 2017 123.5 Puts @ .82
TLT #RollOut Rolled $TLT Apr…
TLT #RollOut
Rolled $TLT Apr 21 short 122.50 calls up and out to May 19 123.00 calls for .63 credit.
$NFLX Taking off #Earnings trade…
$NFLX Taking off #Earnings trade
Bought to close $NFLX Apr 21 132/160 strangle @ .08. Sold yesterday for 2.41.
#optionvolume WFM Over 5,000 calls…
#optionvolume WFM
Over 5,000 calls in Nov. at the 34 strike
Earnings trades BLK and ISRG
#Earnings
Sold to Open $BLK 370/380/390 #IronButterly for 6.50. Max loss 3.50. Profitable between 373.50 and 386.50 on Friday. Biggest UP move: 2.3%, Biggest DOWN move: -4.3%, Average move: 1.3%.
Sold to Open $ISRG 740/760/780 #IronButterfly for 15.40. Max loss 4.60. Profitable between 744.60 and 775.40 on Friday. Biggest UP move: 17.7%, Biggest DOWN move: -11.5%, Average move: 6.2%.
That’s it for the earnings today… gotta hit the road.
$NUGT #ShortPuts #IRA – Sold…
$NUGT #ShortPuts #IRA – Sold NUGT May 12 2017 8.0 Puts @ 0.25 for an account that just got most of their NUGT called away at 10.50 on Friday.
$ISRG #ShortPuts #Earning – Sold…
$ISRG #ShortPuts #Earning – Sold ISRG APR 21 2017 685.0 Puts @ 0.55
Then lowered the strike price and Sold ISRG APR 21 2017 680.0 Puts @ 0.55
$UVXY $ShortCalls – Bought to…
$UVXY $ShortCalls – Bought to close a bunch of UVXY Apr 21 2017 41.0 Calls @ 0.01.
Replaced them with the following calls at the top of the chain:
Sold UVXY May 5 2017 42.0 Calls @ 0.44
Sold UVXY May 12 2017 42.0 Calls @ 0.85
Sold UVXY May 19 2017 42.0 Calls @ 1.03
#shortputspread NFLX Followed from TT…
#shortputspread NFLX
Followed from TT May 19 140/130 for 1.54 with NFLX at 144.
#shortcallspreads TSLA Rolled April 21…
#shortcallspreads TSLA
Rolled April 21 300/310 to May 19 310/320 for a credit of .34, TSLA hovering around 300.
Earnings today
#Earnings. Looking at $ISRG, either 20-pt wide #IronButterfly or 37.5 OTM #IronCondor
Also $BLK, 10-pt wide IB
Not sure about $IBM
Anyone else?
$NFLX #ShortStrangle #Earnings – Out…
$NFLX #ShortStrangles #Earnings – Out in one day. They won’t trade any lower
Bought to close NFLX APR 21 2017 167.5 Calls @ 0.01
Bought to close NFLX APR 21 2017 124.0 Puts @ 0..01
GS earnings
#Earnings #IronFlies – Bought to Close GS APR 21 2017 222.5/225.0/227.5 iron flies @ 2.28 (sold for 2.14)
Taking tiny loss and looking for other opportunities…
NFLX earnings
#Earnings #ShortStrangles – Bought to Close NFLX APR 21 2017 140.0/165.0 Strangles @ .40 (sold for 3.80)
Sold to Close NFLX JUN 16 2017 100.0 Puts @ .08 (bought for .17)
🙂 🙂
Wall Street bound
Heading to NYC today… my wife finished with her second best time, 3:24. It was a tough race for her but she’s feeling fine today.
Earnings After Markets Close
Fulton Financial (FULT) – consensus EPS $0.23
IBM (IBM) – consensus EPS $2.35
Interactive Brokers (IBKR) – consensus EPS $0.37
Intuitive Surgical (ISRG) – consensus EPS $4.95
LegacyTexas Financial Group (LTXB) – consensus EPS $0.57
SPX trades yesterday
#SPXcampaign. Bought to close $SPX Apr 19th 2355/2380 for 2.65. Sold for 7.60 last Tuesday. This was a reverse roll that worked. Due to being away from my computer yesterday, I thought I had gotten out for 1.30 in the morning, but discovered later I’m not very good at reading my broker’s mobile app.
Sold to Open May 18th 2190/2165 put spreads for 1.35
Sold to Open May 1st 2250/2275/2390/2415 iron condors for 3.95
#off Topic # $SPX Changes…
#off Topic # $SPX Changes From CBOE
Conversion of SPXPM Options to Symbol SPXW
By Matt Moran
CBOE is planning to change the symbol for existing SPXPM option series to option symbol SPXW. The change is scheduled to be effective May 1, 2017. This conversion is designed to allow greater ease of access for those looking to place spreads from week to week. We have received some very positive feedback from institutional investors on this change to the symbol SPXW.
Here are key features that will apply beginning next month to the S&P 500® options expiring on the standard expiration dates (i.e., generally the third Friday of the month). The A.M.-settled options trading under root symbol SPX, and the P.M.-settled options trading under root symbol SPXW, will both be in the same underlying SPX options chain. The settlement symbol for the A.M.-settled SPX options is “SET”, while the settlement for the P.M.-settled SPXW options is based on the official SPX closing price on the expiration date.
For more details, visit www.cboe.com/SPXW.
AVERAGE DAILY VOLUME FOR S&P 500 OPTIONS TOPS 1.19 MILLION
As shown in the chart below, CBOE now offers S&P 500 options with expirations on Mondays, Wednesdays, Fridays, and month-ends, and the average daily volume for all the S&P 500 options was more than 1.19 million contracts in March 2017.
S&P 500 VOLATILITY SKEW CHART
The S&P 500 options volatility skew chart below (from www.livevol.com) provides estimates for implied volatility for S&P 500 options at different strike prices that expire on April 12, 13, 17 19, 21, 24, 26, 26, and on later dates.
CONCLUSION
SPXW options can provide opportunities for investors to implement more targeted buying, selling or spreading strategies. SPXW options may help investors efficiently take advantage of market events, such as earnings, government reports and Fed announcements. To learn more, please visit www.cboe.com/SPXW.
$NFLX – little reaction to…
$NFLX – little reaction to earnings. – All short strangles will work.
My buy orders are already in at a penny
$MU
#ShortPuts Sold May 19th 26 Puts at 0.74 with the stock @ 26.99. $MU has shown support on pullbacks close to the 50dma. I waited until the afternoon in the event the stock rolled over after this mornings gyrations. Earnings are not until late June. Stop alert set for a break below the 50dma.
NFLX Earnings Trade
Sold $NFLX Apr 21 132/160 strangle @ 2.41
#Earnings
SVXY
STO June 2, 70 puts @.95, Hat tip to Taylor
$UVXY $SVXY $VIX – volatility…
$UVXY $SVXY $VIX – volatility is rolling over as expected (see my earlier post). I got a few trades off.
Sold 1 UVXY May 19 2017 42.0 Call @ 1.20
Sold 1 UVXY Jun 2 2017 40.0 Call @ 1.64
Sold 1 SVXY Jun 2 2017 70.0 Put @ 1.21
Sold SVXY Sep 15 2017 50.0 Puts @ 0.97
#earnings NFLX followed Jeff with…
#earnings NFLX
followed Jeff with 130/125 put spreads for .47 each
followed Mike at TT put butterfly 129/135/135/138 for .20, profitable above 131, risk of 276 to make 324
bought a 128 put for some blow out protection
Rolling TSO 83 calls to…
Rolling TSO 83 calls to May 12 83 call for 1.04 credit. Assigned at 87.5 but with 6 weeks of rolling cost basis now 81.75 so assignment will result in a nice profit on 17 contracts. TSO tends to find a base around 78-80 then cycles to upper 80s and back down. Used to cycle every 2 weeks, now seems to take 3-4 to cover same range.
Picked up some nice theta over the weekend on laddered WDC Jade lizards. Start rolling those end of week.
GS earnings
#Earnings #IronFlies – Having a pretty good year in this ticker so risking a few shekels with iron flies…
Sold GS APR 21 2017 222.5/225.0/227.5 iron flies @ 2.14
Risk 36 to make 214 per fly. 2.50 wide with an expected move of 1.60
NFLX earnings
#Earnings #ShortStrangles – No position in this thing right now so taking a fairly aggressive, slightly bullish shot.
Sold NFLX APR 21 2017 140.0/165.0 Strangles @ 3.80
#Earnings this week Mon $NFLX…
#Earnings this week
Mon $NFLX $UAL
Tue $BAC $GS $IBM $JNJ
Wed $QCOM $MS $AXP
Thu $VZ $V $BX
Fri $GE $HON
$NFLX #ShortCalls #Earnings – Sold…
$NFLX #ShortCalls #Earnings – edit: Turned this into a strangle with the stock at 146.76
Sold NFLX APR 21 2017 167.5 Calls @ 0.40
Sold NFLX APR 21 2017 124.0 Puts @ 0.40
What earnings looks like – $NFLX reports today – 4/21 and 4/28 implied volatility skew from @LiveVolPro @CBOE
SVXY
STO January 180 call @10.25 on 1 contract.
$VIX – I found something…
$VIX – I found something interesting over the weekend.
$SPY 1, 5 and 20 day Forward returns when $VIX closed above upper BB 4 days in a row. 27 prior instances. $VXX $UVXY
$UAA #ShortPuts #IRA – Bought…
$UAA #ShortPuts #IRA – Bought to close UAA Apr 21 2017 17.5 Puts @ 0.01. They won’t trade any lower and it frees up cash for other trades that might expire this week.
A former #FallingKnife trade.
$CVX $TRIP #FallingKnife trades today
$CVX $TRIP $TSCO #FallingKnife trades today
SPX call spreads closed
#SPXcampaign BTC May 5 2435/2460 call spreads @ .20 sold on April 5 @ 1.30.
