Between the market and the VIX.
Recent Updates Page 446
$NUGT #ShortPuts – adding to…
$NUGT #ShortPuts – adding to my #OptionLadder with the stock at 12.
NUGT MAR 10 2017 9.0 Puts @ 0.26
NUGT MAR 24 2017 9.0 Puts @ 0.50
NUGT MAY 19 2017 8.0 Puts @ 0.93
IBB delta adjustment
#ShortStrangles – Rolled put side of March strangle up a little to capture some more premium. Still net short but not AS short.
Rolled March 260 put up to 280 @ 2.53 credit.
Position is now 280/290 strangle @ 8.58 credit
Good Morning
Good Morning
PEP earnings trade
#Earnings Yesterday sold the $PEP Feb 17th 105/107/109 #IronButterfly for 1.33.
Just now, closed the 107 calls for .05. Now looking for a rise back toward 107 into Friday. Currently this trade is closable for breakeven, but I’m in it to win it.
SPX trades
#SPXcampaign Yesterday, STOPPED, bought to close $SPX March 10th 2365/2390 call spreads for 3.80. Sold for 1.30 last Thursday. (4.00 stop was hit at the highs yesterday)
#CondorRoll this morning… bringing in to a closer expiration date with 1.5x position size.
Sold to Open SPX Feb 27th 2275/2300/2375/2400 iron condors for 2.85, with SPX at 2335.
Also yesterday:
Bought to close SPX Feb 16th 2300/2275 put spreads for .20. Sold for 4.50 last Thursday.
Closing Early Assignment and Trade
#spxcampaign #longcalls #bullputspreads
Closed Early
$SPX BTC 2/17 2275/2300 BUPS @ .45 87% profit (Thanks @jeffcp66)
$SPX BTC 2/17 2355/2330 BECS @ 3.50 STO 1/19 @ 1.50 (Fortuitous fill- not my nickname)
$FB STC 2/17 120 call @13.60 BTO on 11/19 @7.30
$NVDA STO 3/17 100/105 BUPS @ 1.40
Assignment (lost dividend)
$MSFT 2/17 64 call
Happy Valentine’s Day to all. Back to green tomorrow.
$SVXY #ShortCalls – Sold 1…
$SVXY #ShortCalls – Sold 1 SVXY JAN 19 2018 250.0 Call @ 5.80 with the stock at 133.65. Highest available strike price.
$MYL #CoveredCalls – Sold MYL…
$MYL #CoveredCalls – Sold MYL APR 21 2017 45.0 Calls @ 0.76
SPX trades
#SPXcampaign Sold to Open $SPX March 16th (monthlys) 2405/2430 call spreads for 1.40, w/SPX at 2335. (standard weekly position)
#ITMrolling Dealing with three of these now, so I am rolling each one week before expiration.
Bought to close $SPX Feb 21st 2300/2325 call spreads for 18.50. Sold for 5.40 on Feb 1st.
Rolled one week further, 5 points higher: Sold to Open Feb 28th 2305/2330 call spreads for 16.50, w/SPX at 2327.
I sold that roll after we started recovering from this morning’s whipsaw. I intended to sell some puts to make up the 2.00 debit, but we kept going higher. Since I’m fairly heavy on aggressive put spreads, I felt better adding calls, believe it or not. So I added an extra call spread on the same expiry. I intend this one to expire while the one above will likely roll again:
Sold to Open $SPX Feb 28th 2365/2390 call spreads for 2.05, w/SPX at 2335.
$DUST #ShortCalls – Sold DUST…
$DUST #ShortCalls – Sold DUST JUN 16 2017 65.0 Calls @ 1.70. Offsetting some short put positions at the highest available strike price
$NUGT #ShortPuts #OptionLadder – a…
$NUGT #ShortPuts #OptionLadder – a while back I was selling DUST puts so that NUGT would go up. And it did.
Now I’m selling NUGT Puts so the DUST will go back up.
Sold NUGT MAR 10 2017 9.0 Puts @ 0.26
Sold NUGT MAR 17 2017 9.0 Puts @ 0.37
Sold NUGT MAR 24 2017 9.0 Puts @ 0.49
Sold NUGT APR 21 2017 7.0 Puts @ 0.37
GOOGL
Another long term diagonal spread. Rolled my 830 calls that expire Friday out to March 3, 835 calls for a credit of 0.90 cents. Some day I expect to get ahead of the stock and have the weekly options expire at zero.
GOOGL
In the long diagonal call spread, I rolled the 840, Feb. 17 call out to the March 3, 850 call for a credit of .70 cents.
#Short Puts Bought to close…
#Short Puts Bought to close $ETE Feb 17th 18 Puts @ .05. This was off a Good Till Cancelled order. Originally rolled from Jan 20th 18.50 Puts
AMZN roll
#LongCallDiagonals – Still easing it up a little at a time…
Rolled this week’s 782.5 call to Mar 10 785.0 @ .15 debit
Taking advantage of the pullback and paying a small debit to pick up 2.5 points in the strike price.
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
GOOGL roll
#LongCallDiagonals – Still easing it up a little at a time…
Rolled this week’s 820.0 call to Mar 3rd 825.0 @ even
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
PEP earnings
#SPXcampaign Taking another shot at an #IronButterfly. PEP rarely moves much on earnings. With stock at 106.30 this is slightly bullish placement… the chart is in a small uptrend; plus if it does drop or stay flat after the report it will have until Friday to rise back into range. Risking .67 to make 1.33.
Sold to Open $PEP Feb 17th 105/107/109 iron butterfly for 1.33.
Over last 12 reports, FIVE day moves: Biggest UP move: 3.8%, Biggest DOWN move: -4.2%, Average move: 2.0%. Breakevens on Friday are 105.67 and 108.33. -0.6% and +1.9% OTM.
NVDA
#ShortPuts #IRA – Looking for a bounce eventually…
Sold NVDA APR 21 2017 105.0 Put @ 5.10
Sold NVDA APR 21 2017 100.0 Puts @ 3.10
Sold NVDA APR 21 2017 95.0 Puts @ 1.75
SPX puts sold
#SPXcampaign Sold to open $SPX March 16th (monthlys) 2220/2195 put spreads for 1.30, with SPX at 2325.
Happy Valentines Day to all!
Happy Valentines Day to all!
Too Much Too Soon? Only Time Will Tell
Inspired by @jeffcp66
#spxcampaign
$SPX 2/17 2295/2310 BUPS @ 1.15
$SPX 2/24 2275/2300 BUPS @ 2.10
$SPX STO 3/17 2200/2235 BUPS @ 2.10
AMZN
I took my profit on the 600 call in 2019 and the 500 put in 2019 and also covered the 785 call for this Friday. Altogether, it was over a 20% gain on that trade. I got the idea from Fuzzball so a hat tip to him.
BTO Mar17 SPX 2300/2295 1.30…
BTO Mar17 SPX 2300/2295 1.30 Debit
More stops, more rolls
#SPXcampaign Bought to close $SPX Feb 16th 2335/2360 call spreads for 4.25. Sold for 1.40 on Jan 20th.
#ReverseRoll Sold to Open $SPXPM Feb 17th 2320/2295 put spreads for 3.45, 1.5x position size. I keep daring the market to have kind of pullback… it’ll work one of these times.
Bought to close SPX March 10th 2360/2385 call spreads for 3.90. Sold for 1.45 last Tuesday.
#CondorRoll Sold to Open SPX March 16th 2200/2225/2400/2425 condors for 2.80, 1.5x position size
Couple of Late Trades
#shortputs #shortcalls
$JNUG STO 2/17 11 put @ .45
$T STO 3/24 41.5 call @ .40 (covered)
Closed Early
$SPY STC 2/17 230 call @ 3.15 BTO 1/27 @ 1.36
$WDC covered call
$WDC Feb 17 80.00 covered call in #IRA.
Cost 78.14 when stock at 78.55.
Wanted the stock, but if called away on Friday it is a nice bit of cash.
/VXJ7 quickie…
Sold last night and covering today. Thought we might get a little more drop but I’ll gladly take the .20 gain…
Bought to Close /VXJ7 @ 14.85 (sold for 15.05)
Anyone up for selling a…
Anyone up for selling a strangle on MLM?
REGN aggressive roll
Rolling put side of March strangle up to the 50ma…
Rolled Mar 330 put up to Mar 360 @ 5.17 credit.
New position is now 360/395 strangle @ 11.82
SPX
STO March 3, 2270 puts @4.20
I am taking one for the team so we can get some volatility.
#shortputs USO April 21, 11…
#shortputs USO April 21, 11 put at .37
#coveredcalls FEYE March 17, 13 calls at .18
AMZN Whiz trade…
Fun little Whiz trade from last week. I did it very small…
Bought to Close AMZN FEB 17 2017 800.0/797.5 Bull put spreads @ .04 (sold for .60)
Whole Lot of Shaking Going On
Closed Early
$SPX BTC 2/17 2115/2140 BUPS @ .05 96% profit
$SPX BTC 2/24 2100/2200 BUPS @ .40 85% profit
$SPX BTC 3/2 2375/2350 BECS @ 3.80 STO 2/3 @ 1.40
Trades
$SPX STO 3/3 2250/2275 BUPS @ 1.90
$MS BTO 4/21 45 calls @ 2.25 (OMM)
SVXY long call
With this move today I feel like I need to trim a little of my higher risk long exposure…
Sold to Close SVXY JAN 18 2019 70.0 Call @ 73.16 (bought for 40.20)
/ES roll
Joining fibwizard with some rolls…
Bought to Close /ES MAR 17 2150 PUT @ 2.45 (sold for 15.00)
Sold /ES MAR 17 2270 PUT @ 10.25
I’ll re-short /ES with a close below 2300 to cover these. Until then, I’ll keep selling.
SPX Roll
Rolled Mar 10 SPX
Jan 26th Sold 2ea Mar 10th 2200 short puts @ 8.40
Feb 13th Closed 2ea Mar 10th 2200 short puts @ -2.55
gain @ 70%
Feb 13th Sold 2ea Mar 10th 2260 short puts @ 5.70
SPX Roll
Rolled Mar 3rd SPX
Jan 26th Sold 2ea Mar03 2210 short puts @ 7.00
Feb 13th Bought 2ea Mar03 2210 Short puts @ -1.75
Gain @ 74%
Feb 13th Sold 2ea Mar03 2270 short puts @ 4.40
#Contango ETFs Sold $UVXY Feb…
#Contango ETFs Sold $UVXY Feb 17th 24 Call at 0.24 when UVXY was at 21.02. I will roll out and up if needed. Alert set at 24. That’s all the red cape waving I can do for this bull.
$NUGT #ShortPuts – after dumping…
$NUGT #ShortPuts – after dumping some long stock in an IRA at 12.50 on an option assignment Friday I’m back to lightly selling Puts.
Sold NUGT Mar 17 2017 9.0 Puts @ 0.33
Sold NUGT Mar 24 2017 9.0 Puts @ 0.46
Sold NUGT Apr 17 2017 8.0 Puts @ 0.53
SVXY
STO January 2018, 240 call @5.60
I am waiting for you guys to take one more for the team because I am sitting on a lot of cash.
SVXY for the team :)
Still trying to take one for the team…
Sold SVXY FEB 24 2017 131.0/126.0 Bull put spreads @ 2.13
#contango ETFs, #short puts Spec…
CLF #CoveredCalls Sold $CLF Mar…
CLF #CoveredCalls
Sold $CLF Mar 17 13.00 calls @ .52-.54
SPX busy morning
#SPXcampaign As we sail up higher I am stopping out on some standard call spreads. Using a 4.00 stop, and #Rolling into puts or condors
Bought to close $SPX Feb 16th 2330/2355 call spreads for 4.05. Sold for 1.45 on Jan 18th.
#ReverseRoll Sold to Open $SPX Feb 24th 2300/2275 put spreads for 2.85, 1.5x position size.
Bought to close $SPX March 3rd 2345/2370 call spreads for 4.30. Sold for 1.40 on Feb 1st.
#CondorRoll Sold to open SPX March 3rd 2250/2275/2380/2405 iron condors for 3.00, 1.5x position size.
Also, bought to close SPX Feb 21st 2250/2225 put spreads for .20. Sold for 3.60 on Feb 1st.
$DUST #ShortPuts – a preemptive…
$DUST #ShortPuts – a preemptive roll for this week’s worst put position to get some breathing room.
Bought to close DUST Feb 17 2017 40 Puts / Sold DUST Jun 16 2017 35 Puts @ 0.10 credit
$CF #CoveredCalls – Sold CF…
$CF #CoveredCalls – Sold CF MAR 3 2017 38.0 Calls @ 0.69 replacing similar calls that expired Friday.
AGN
STO May 19, 225 put @5.75
SPX trades
#SPXcampaign In overnight session, bought to close $SPX Feb 24th 2200/2175 put spreads for .20. Sold for 1.55 on Jan 25th.
Right after the bell, Sold to Open $SPX March 16th 2390/2415 call spread for 1.55, with SPX at 2322.
And another SPX all-time high……
And another SPX all-time high… good morning all!
Econ Calendar for week of 2/13/17
This always is available all week on the menu at the top of the Bistro page (upper right)
sunday Open Trade YM
5pm Mkt opened reasonably flat…along the Vwap average line..
7:45 YM enters a squeeze, Wave moves above zero. Enter long YM at 20240, stop at 20220
8:00 YM squeeze trigger to the upside, Launch power strong above 50, ym starts to move up
8:30 YM moves above 20260, stop moved to BE
8:55 YM hits the 20280 level and stalls, wave and squeeze are declining, Trade closed, for 40 points
gain @ 40 points
Gives me a head start for the week coming..
also if the YM holds at 20260 or higher, we will open with a 30 or 40 point gap-up at 8:30 open..might be an opportunity for a open gap fade trade..
cheers, FW
Option expirations
I had no expirations but I hope everyone has a nice weekend.
Earnings/Expiration/Trades/Assigned
#optionsexpiration
$SPX 2125/2150 BUPS
$SPX 2225/2250 BUPS
$YELP 43 calls (will cover again) (Kept position over earnings – my bad)
$SVXY 85 put
$NVDA 107 put (Earnings)
#assignment
$AKAM @65 (Earnings Trade Basis 64.25)
#shortputs
$UBNT STO 6/16 45 put @ 1.60 Thank you @jsd501
#OptionsExpiration for 2/10 Only 2…
#OptionsExpiration for 2/10
Only 2 expirations this week (both earnings trades–thanks @jeffcp66)
$ATVI 02/10/2017 36.00 puts
$NVDA 02/10/2017 108.00 puts
No assignments.
Have a great weekend everyone.
#OptionsExpiration #Weeklys #Feb10 – Just…
#OptionsExpiration #Weeklys #Feb10 – Just an OK expiration as $SVXY just won’t quit ramping and $DUST spends too much time in the mid 20’s.
Sold most of a long stock position in $NUGT in an IRA at a nice gain after sitting on it for 3 months and writing covered calls every week.
A big monthly expiration next week.
— Expirations —
CF (Weekly) Feb 10 2017 37 Calls (Covered)
CVS (Weekly) Feb 10 2017 81.5 Calls (Covered)
NUGT (Weekly) Feb 10 2017 7.5 Puts
SVXY (Weekly) Feb 10 2017 80 Puts
SVXY (Weekly) Feb 10 2017 85 Puts
SVXY (Weekly) Feb 10 2017 88 Puts
SVXY (Weekly) Feb 10 2017 127 Calls
UVXY (Weekly) Feb 10 2017 27 Calls (Covered)
UVXY (Weekly) Feb 10 2017 27.5 Calls (Covered)
UVXY (Weekly) Feb 10 2017 28 Calls (Covered)
UVXY (Weekly) Feb 10 2017 29 Calls (Covered)
UVXY (Weekly) Feb 10 2017 32 Calls
UVXY (Weekly) Feb 10 2017 35 Calls
UVXY (Weekly) Feb 10 2017 37 Calls
UVXY (Weekly) Feb 10 2017 40.5 Calls
UVXY (Weekly) Feb 10 2017 60 Calls
— Assignments —
NUGT (Weekly) Feb 10 2017 12.5 Calls (Covered)
Options Expiration 2/10/17
#OptionsExpiration #SPXcampaign #Earnings #VXXGame
— Expiring w/100% of max profit —
ATVI 36 and 36.5 puts
EXPE 117 puts
NVDA 108 puts
UVXY 39 calls
SPX 2275/2250 put spreads
Post close put spread sold
#SPXcampaign 14 minutes after the close, Sold to Open $SPX Feb 22nd 2300/2275 put spreads for 3.50. This gives me an #IronButterfly at the 2300 strike for this expiry. One or both will likely be rolled.
SVXY strangles
#ShortStrangles – Been watching you guys selling these for awhile now. Think I finally have to jump in…thanks!
Sold SVXY SEP 15 2017 65.0/235.0 Strangle @ 5.75
Sold SVXY JAN 19 2018 60.0/240.0 Strangle @ 10.10
SWIR
BTC March 17, 17.5 puts @0.05, sold @1.20
SVXY
STO January 2018, 75 puts @9.30 to offset my 230 and 235 naked calls.
Jumping on the REGN train (Hopefully seats still available)
#shortputs
$REGN STO 5/16 300 puts @ 3.40 Thanks you @fuzzballl
REGN Covered Again
#shortcalls
$REGN STO 02/17/2017 360.00 C @8.10
Jumping on the REGN train
#ShortStrangles Sold to Open $REGN March 17th 330/400 strangle for 6.10
REGN
STO May, 300 puts @5.38 thanks to Fuzzball for the idea.
REGN roll
Tightening up the March strangle a little bit now that earnings are over.
Rolled Mar 310.0 put up to 330.0 @ 2.20 credit.
New position is now 330/395 strangle @ 6.65
AMZN stock sold
#Earnings #StockTrades Sold the $AMZN 810/840/870 #IronButterfly last Thursday for 26.10. Took assignment of the shares on Friday at 840.00. Put a 1.00 trailing stop on the stock today around 11am ET; just stopped out for 826.36. Profit on trade: $1,035
Thanks, @fuzzballl for the original trade idea!
VIX futures
Bought to Close March /VX @ 13.45 (sold for 13.95)
I’ll take the half point now…don’t like holding these short over the weekend.
SPX long call spread, small win
#SPXcampaign Keep missing the correct time windows for these long call spreads. But at least I got a double on this small one…
Sold to close $SPX Feb 13th 2330/2355 call spreads for .80. Bought for .35 on Jan 31st
SPX campaign
BTC March 17, 2020/2070 bull put spread @0.50, sold for 1.60
I guess I should have waited on this one.
Hey guys,
Sitting in the Charlotte airport on layover. Won’t be around at the end of the day so just posting what I have expiring today.
$UVXY $32, 35, 38, 39, 40.5, 43, 45, 48 calls
$VXX $29.5 calls
$SVXY $70, 85 puts
Trade safe.
SPX campaign
Joining the crowd.STO March 10, 2200/2225 bull put spread @1.40
NVDA
STO April 90 puts @0.82 cents
TLT rolls
#PerpetualRollingStrangles – Doesn’t look like much but adds up over time…
Rolled this week’s 119.5 calls to next week’s 120.0 @ .07 credit
Rolled this week’s 120.5 calls to next week’s 121.0 @ .38 credit
NVDA back in
#ShortStrangles – Sold NVDA MAR 17 2017 105.0/130.0 Strangles @ 3.16
