$DUST #ShortPuts #RollOut – I am making this move earlier than normal on expiration week because I have multiple put positions coming due on this stock.
Bought to close DUST Mar 17 2017 41.0 Puts /Sold DUST Apr 7 2017 37.5 Puts @ 0.25 Credit with the stock at 38.05.
Took a big fat gain on the 41 put position as it was sold on an earlier rolldown.
This new position is out of the money.
edit: seems I was a bit early again ….
On travel for work so can’t watch the market. During a break I did fire off a couple of trades.
STO Mar 17 UVXY $22.5 calls @ $0.25
STO Mar 24 SVXY $100 puts @ $0.40
#VXXGame STO $SVXY March 17th 120 puts for .65 (expire Friday)
STO SVXY March 31st 110 put for 1.50
STO $UVXY April 7th 31 calls for .54
8:30 Open gap fade, entered Long at 790
8:40 Exit at 830 as we crossed the Mid-PP near the previous close..
Gain +40
8:45 Entered Short at the 830, as YM bounced off the 34ma..
9:00 Exit at 800, as the YM crossed the S1 PP..
gain +30
11:00 Entered Short at 800 as the YM moved south on a trend line break
11:15 Exit at 780, as YM stalls along the 38% fib just under the Mid PP…
gain +20
90 points for the morning…so far so good…
Borrowed an idea from TastyTrade.
Sold $USO Apr 21 9.50 puts @ .21
http://www.cboe.com/education/webcasts
#SPXSupport
These are extensions from previous down moves during the past 4 months. I would be very careful if we drop below 2350.
#IRA #ShortPuts – Sold SVXY APR 21 2017 105.0 Put @ 2.50
Replacing the one I closed yesterday…
#SPXcampaign
Sold to Open $SPX April 13th 2250/2200 put spreads @ 2.10, when SPX at 2363.
A little more downside protection still getting ~4.3% roi in a cash secured IRA.
#ShortStrangles – Adding the put side to the April call…just announced a small SUV coming.
Sold TSLA APR 21 2017 220.0 Put @ 2.10
Position is now 220/275 @ 4.43
#spxcampaign
$SPX STO 4/13 2200/2300 BUPS @ 7.20 Thanks @fibwizard and good luck to us.
$SPX STO 4/13 2235/2360 BUPS @ 1.60 Thank you @jeffcp66
#earlyassignment
$IRM 37.50 put May look at selling calls or take the hit and play another day.
#CoveredCalls – Rolled this week’s 124 covered calls to March 31st 127’s @ even….picking up another 3 points of upside while maintaining a little downside protection.
#ShortStrangles – Had an extra one on for this week. Put looks great and call sitting at breakeven so closing and setting a new one much wider. Still sitting on March 31st 330/420…
Bought to Close REGN MAR 17 2017 365.0/395.0 Strangle @ 2.69 ( sold for 5.62)
Then:
Sold REGN APR 21 2017 350.0/420.0 Strangle @ 7.02
$OXY $MRO $ALXN – #FallingKnife candidates
$SVXY #ShortPuts – Sold SVXY Mar 17 2017 113.0 Puts @ 0.35 with the stock at 133. These expire Friday
$UVXY #ShortCalls #VXXGame – Sold UVXY Jun 16 2017 60.0 Calls @ 1.38 with the stock at 19.05
#SPXcampaign Sold to Open $SPX April 13th 2260/2235 put spreads for 1.45, with SPX at 2363.
Also yesterday, bought to close SPX March 20th 2335/2360 call spreads for 21.50. Tried but didn’t manage to get filled on the roll, so I will wait for some strength to do it today.
Sold a few SVXY Puts and some NUGT covered calls for a few pennies but they all expire this week.
Sold 1 SVXY Mar 17 2017 97.0 Put @ 0.15
Sold SVXY Mar 17 2017 100.0 Puts @ 0.12 and 0.13
Sold SVXY Mar 17 2017 102.0 Puts @ 0.20
and
Sold NUGT Mar 17 2017 10.0 Calls @ 0.06
Sold 2 apr 13-2017 2200/2300 BUPS for 5.40 credit
#ironcondor
REGN Fuzzball influenced repeat trade. I have a March 17 REGN 355/360/400/405 that appears safe. Sold April 21 355/360/420/425 for 185. Earnings May 3. REGN currently at 388.
$UVXY new all time low.
$SVXY within pennies of new high.
STO Mar 17 237/238/239.5 for 1.06
Max possible loss 0.44 if closes above 239.06. Profitable anywhere below that.
#DebitSpread
BTO Apr 13 AXP 81.5/78.5 BuCS for $1.30
$UVXY #ShortCalls Bought to close with a GTC order March 17th 33 calls @ 0.03 plus 0.08 fees. Replaced this with March 28th calls @ 0.39with fees of 5.11.
#contangoetfs
SVXY rolled March 17, 135/140 to April 21, 140/145 for a credit of .26
Taking these off instead of waiting another month or two for the last few pennies.
Bought to close $NUGT Apr 21 20 calls @ .03 (sold for .76 on 2/2 and .80 on 2/6)
Bought to close $NUGT May 19 26 calls @ .04 (sold for .80 on 2/8)
http://www.investopedia.com/news/volatility-etn-face-110-reverse-split-tvix-vxx/
Can the rest of ’em be far behind?
Trimming a little…
Bought to Close SVXY MAR 24 2017 90.0 Put @ .20 (sold for 2.50)
I had April 3, and April 5, 2200/2500 strangles that I bought back this morning for a .05 cent profit. They were using too much margin for the risk and the small profit I could have made.
BTC Mar 17 $135 calls @ $0.05, sold for $1.30 on 3/3.
BTC September 40 puts @0.10 cents. Sold @2.45 and no commission.
Hope no one was short $MBLY calls.
I closed my 2019 diagonal spread by buying the March 17, 840 call and selling the 2019, 650 call. I have kept the short on the 500 put in 2019. I calculate that I made about 17 points of premium on the trade.
I also closed many of my short positions in SVXY to raise cash. I may be very wrong but I feel that this market is due for some correction and I want to have cash in order to take advantage of the decline if it happens.
$SVXY $70 puts
$SVXY $85 puts
$UVXY $28 calls
$UVXY $30 calls
$UVXY $31.5 calls
$UVXY $33 calls
$UVXY $34.5 calls
Have a great weekend everyone.
#OptionsExpiration #Earnings #CoveredCalls #BullPutSpreads
Would have been a much happier Friday if I hadn’t gotten shaken out of an expiring put spread at the lows of the day.
— Expiring —
FB 140 covered call
ULTA 255/245 put spreads
UVXY 28 calls
I will be posting SPX trades and updated chart later
#OptionsExpiration #Weeklys #Mar10 – it was almost all volatility plays again this week, as $SVXY and $UVXY did what was needed to allow every position to expire worthless.
$GDX and $NUGT bounced at the end of the day Friday but I’m allowing some put assignments again and will continue selling covered calls at strike prices above my cost.
Some nice big gains on some $DUST Puts helped soften the blow.
A major monthly expiration is on tap for next week.
— Expirations —
DUST (Weekly) Mar 10 2017 26.5 Puts
DUST (Weekly) Mar 10 2017 33 Puts
FB (Weekly) Mar 10 2017 124 Puts
SVXY (Weekly) Mar 10 2017 70 Puts
SVXY (Weekly) Mar 10 2017 80 Puts
SVXY (Weekly) Mar 10 2017 100 Puts
SVXY (Weekly) Mar 10 2017 115 Puts
UVXY (Weekly) Mar 10 2017 24.5 Calls
UVXY (Weekly) Mar 10 2017 25 Calls
UVXY (Weekly) Mar 10 2017 25.5 Calls
UVXY (Weekly) Mar 10 2017 29 Calls
UVXY (Weekly) Mar 10 2017 33 Calls
UVXY (Weekly) Mar 10 2017 34 Calls
UVXY (Weekly) Mar 10 2017 34.5 Calls
UVXY (Weekly) Mar 10 2017 35 Calls
UVXY (Weekly) Mar 10 2017 40 Calls
— Assignments —
NUGT (Weekly) Mar 10 2017 9 Puts
NUGT (Weekly) Mar 10 2017 10 Puts
#optionsexpiration
$SPX 2165/2190 BUPS
$SPX 2200/2225 BUPS
$ULTA 245/255 BUPS (Earnings Trade) Thank you @jeffcp66
$UVXY 30 calls
$UVXY 20 calls We made it @honkhonk81 Thank you
Closed Early
$GOOGL BTC 3/17 790/800 BUPS @ .05 97% profit
$MRVL STC 3/17 16 call @ .35 33% loss (Should have waited)
$ULTA STC 3/17 260 call @ 24.67 33% profit
One More Trade
$FIZZ BTO 3/17 call @ 1.38 (Speculative)
Thanks to everyone’
Have a terrific weekend and another profitable week next week.
#DebitSpread #BePS
BTO Apr 13 ALXN 129/124 BePS for $2.40
$DUST #shortcalls
BTC Mar 10 $41 calls for 0.05 an hour ago as price began rising
expiring Mar 10 $42 call
BTC Mar 17 40/45 call spread $1.55, sold for $1.14 (too early)
$NUGT #ShortPuts – I don’t know if this is smarter than taking the stock and selling covered calls on it, but I decided to roll this position from ITM to OTM.
Bought to close NUGT Mar 10 2017 8.5 Puts/ Sold NUGT Apr 7 2017 7.5 Puts @ 0.10 Credit with the stock at 7.91.
At least I sucked out all the time premium from the old position.
edit:
Also rolled some of my Mar 10 2017 9.0 Puts down to Apr 21 2017 8.0 Puts for a 0.10 Credit with the stock at 7.98
another edit:
Also rolled some of my Mar 10 2017 9.0 Puts down to Apr 13 2017 8.0 Puts for a 0.09 Credit with the stock at 8.16
$SPX STO 4/7 2455/2430 BECS @ 1.65 Following @jeffcp66 Thank you
$SVXY #ShortPuts – Sold SVXY Apr 28 2017 70.0 Puts @ 0.57. My first SVXY trade in this expiration cycle.
#spxcampaign Closed Early
$SPX 3/31 2495/2470 BECS @ .10 93% profit
#shortputs
$AMZN STO 3/17 835/840 BUPS @ .60 Thank you @alsumde
$TMUS STO 3/24 57/60 BUPS @ .60 Thank you @prvtrader
#SPXcampaign Bought to close $SPX March 24th 2435/2460 call spreads for .20. Sold for 1.30 on Feb 23rd.
Bought to close SPX March 10th 2365 calls for 2.00. Sold as the 2365/2340 put spread for 2.90 on March 1st… this one sucked, as it could have been closed cheaply this morning. Damn me and my predilection for expiring options!
Sold to Open SPX March 31st 2400/2425 call spreads for 4.40. Partial roll of the put spread I closed yesterday for 98.75
Sold to Open SPX April 7th 2430/2455 call spreads for 1.55.
$SIG #ShortCalls – Sold SIG JUL 21 2017 100.0 Calls @ 0.40 to be paired off with existing short Puts with the stock topping out at 73.90 today
#Earnings #ShortCalls #Underwater
Sold to open $PANW March 31st 125 call for 1.00
Sold to open $PANW April 21st 130 call for .80
I put in these prices based on the early pop to 116, and that clearly was too soon, as the stock made it above 119. These are against my April 135 puts which were rolled after the earnings miss.
SOLD -UVXY 17 MAR 17 28 CALL @.15
SOLD – AMZN 17 MAR 17 837.5/832.5 PUT @.43
SOLD -AMZN 17 MAR 17 840/835 PUT @.53
#DebitSpread #BePS
BTO Mar 24th TMUS 60/57 Bought the 60 Put and Sold the 57 Put for $0.62
Sorry I posted this as a credit when it should have been a debit.
#ShortStrangles – Adjusting next week’s 280/290 strangle…booking one side and rolling threatened side out a couple weeks into a new strangle.
Bought to Close IBB MAR 17 2017 280.0 Put @ .20 (sold for 5.28)
Then:
Rolled 290 call out to March 31st 297.5/300.0 Strangle @ .21 credit (also carrying forward the 3.30 received from 290.0 original call sale).
#postearnings
ULTA modified a trade from TT, a little safer
April 21 245/255/300/310 for 1.55. ULTA is currently at 283, up almost 3% from earnings
#ShortStrangles #BullPutSpreads – This was an aggressive adjustment from some rolling strangles I’d been carrying. Goal was to get rid of this one at even allowing an official booking of the 14.30 received from the rolls. Is AAPL a 1000 dollar stock? Heck if I know but it’s at a split adjusted 980 from the last 7 for 1. That’s a lot of iPhones!
Bought to Close AAPL MAR 17 2017 140.0/130.0 Bull Put Spreads @ 1.45 (sold for 1.45)
Strong stock….getting out with a profit in case it runs away.
Bought to Close ULTA 262.5/275.0/287.5 Iron Fly @ 7.85 (sold for 10.20)
+235,000 non-farm jobs added in February, down 3,000 from January revised number
4.7% unemployment, down .1%
9.2% U6 unemployment, down .1%
63.0% labor force participation, up .1%
0.2% wage growth; January’s growth was 0.1%
$SNAP – Now The Fun Begins – SNAP Options Start Trading Today
Weeklys out to Apr 28th then Jul, Oct, Jan2018, Jan2019
Ended up positive on SPX despite notching a 3-week intraday low. VIX showed some life, but still nothing scary. Goldman Sachs has said that people are tired of buying protection after so many years of the market going up, so put prices are not going up.
#SPXcampaign Stopped: Closed $SPX March 16th 2370/2345 put spreads for 8.75. Since I have 3 put spreads slightly ITM, I needed to close one to ease the risk going into tomorrow’s Job’s report. Will look to roll based on the market’s reaction.
After a decent up move at open, the YM broke slowly into a down trend, lower hi’s, Lower lows, and finally broke down..filling the gap from the Trump speech day…after filling the 810 gap, it moved back to teh 61% fib at yesterdays close…
12:15 Short YM at 865..at the point of break down, at the top of the channel..
12:30 Exit trade as YM stalls into a box..
gain 30 points on the move down
$GILD #ShortPuts #FallingKnife- Sold GILD Aug 18 2017 57.5 Puts @ 1.24.
#FallingKnife Candidate
$THO
#shortputs
$TEVA STO 5/18 32.50 put @1.65
$SVXY STO 3/31 86.50 put @ .41 Thank you @vxxkelly
Even with oil lower today, the oil stocks climbing. The charts I looked at all show the same thing, serious buying started about 2pm central time.
#VXXGame
STO Mar 31 $86.5 puts @ $0.41
GILD #FallingKnife
Sold $GILD Jan 19 2018 47.50 puts @ 1.14
Creates a put ladder with Oct 55 puts
#VXXGame
STO Apr 7 $40 calls @ $.38
STO Apr 13 $40 calls @ $.50
$SVXY #ShortCalls #Rollup – not being a trusting soul and thinking that this volatility move might be short-lived, I’m rolling a portion of my ITM short calls for next week up to a strike price above the YTD high.
Bought to close SVXY MAR 17 2017 125.0 Calls / Sold SVXY APR 28 2017 137.5 Calls at a 0.20 Credit
$UVXY #ShortCalls – Sold some on this spike with the stock at 19.93 – 20.13
Sold UVXY Mar 24 2017 27.5 Calls @ 0.52
Sold UVXY Mar 24 2017 32.5 Calls @ 0.29
Sold UVXY Mar 31 2017 31.5 Calls @ 0.52
Sold UVXY Apr 7 2017 40.0 Calls @ 0.37
Sold UVXY Apr 21 2017 41.0 Calls @ 0.67
This is an hourly chart… John Carter was showing this earlier. It looked like we might break above it this morning, but it failed.
VIX finally moving a bit, hitting highest level since March 2nd, but still not very impressive.
STO August 95 puts @2.50, following Iceman, thanks for the idea.
#SPXcampaign Sold to Open $SPX April 7th 2255/2230 put spreads for 1.35, with SPX at 2360.
Bought to close SPX March 20th 2430/2455 call spreads for .20. Sold at part of a condor for 9.55 on March 1st. The put side has the short at 2370, so I will treat this as an ITM spread for rolling (first time I’ve done that with puts). Currently trying to exit the March 16th put spread with the same short so I won’t have to deal with two ITM.
$UAA #ShortPuts #FallingKnife – Sold UAA OCT 20 2017 17.5 Puts @ 1.51
$TRIP #ShortCalls – Sold TRIP Mar 17 2017 46.0 Calls @ 0.25. Only a week to go until expiration.
Paired with some longer term short Puts.
$ALXN #ShortPuts #FallingKnife – Sold 1 ALXN Aug 18 2017 95.0 Put @ 2.60 with the stock at 124.80
