Squeeze setting up
wave below zero
price at 19811
Stop at 19830
Recent Updates Page 449
RL adding
Sold $RL Apr 21 70 puts @ 1.80.
I put on Jul 60 puts this morning so I know have a small ladder in this name.
Fuzzzy .. ES
Fuzzy,
you could have had another 8 points on the 10-11am slide from the 2278-2270 lines..same setup as the others..
wave @ zero
trend bars go red
exit at the bounce
wave momentum changes
CMG earnings
Sold CMG FEB 3 2017 400.0/450.0 Strangle @ 4.40
AMZN earnings
#Earnings – Sold 810/840/840/870 iron fly @ 26.25
Risk 3.75 to make 26.25. Sold 30 wide on a 35.75 expected move.
CVS puts–#FallingKnife
Sold $CVS Jul 21 65 puts @ 1.44
Fuzzy – Chart Explanation
Fuzzy, the chart explains what I see when I trade and what I look for…
60 point move…
@fibwizard Watching your Futures activity…
Watching your Futures activity and the member commentary, really seems like a very positive method. Following the commentary by its nature comes in choppy statements. Are you aware of a source to study the overall method. For example, did John Carter’s book “Mastering the Trade” go into detail of this approach
RL puts
Sold $RL Jul 21 60 puts @ 1.30.
#FallingKnife
ES Trade
Same as earlier..
1. Price squeezes
2. Wave bars move positive
3. power bar moves above 10
4. Trend bars change to blue
5. ride the trade from 2272, and exit at 2278 for a 6 point gain, as the Wave moves below zero..and the trend bars change to red.
gain of 6 points
250 per point
SVXY
This was sold originally to help finance the long call of the #LongCallDiagonals . With the adjustment yesterday I don’t really need it anymore so booking a little winner.
Bought to Close SVXY JAN 18 2019 50.0/30.0 Bull put spreads @ 5.80 (sold for 6.80)
SOLD UVXY 17 FEB 17…
SOLD UVXY 17 FEB 17 48 CALL @.18
SOLD UVXY 17 FEB 17…
SOLD UVXY 17 FEB 17 47 CALL @.21 PHLX
$ETFC
What happened to E-Trade? Not seeing any news but took a big dump at the open.
REGN
#ShortStrangles – Bought to Close REGN FEB 3 2017 325.0/400.0 Strangle @ .25 (sold for 4.85)
Completely out of this in regular account for the first time in a long time. Waiting now to sell a fairly aggressive earnings strangle.
$SVXY
Sold Feb 24th 95 Put @ 1.25.
Took off FB earnings trade
Bought to close $FB Feb 17 125/140 strangles for .65. Sold yesterday for 2.50.
#Earnings
Question on early exercise of AAPL Earnings 118/121/124/121 IB
As part of $AAPL 118/121/124/121 IB for earnings I was sold short the 121 shares early. Normally trade closes on expire and the long and short are exercised netting out. Should I sell the 124 call or have broker exercise the 124 call.
NUGT calls
Sold $NUGT Apr 21 20 calls @ .76. Highest strike in April.
#TechnicalAnalysis Is this an Island…
#TechnicalAnalysis 
Is this an Island Reversal?
GM all
GM all
After close ES/YM Trades
#futures
Feb 01 5:05pm shorted ES as the TTM_Squeeze fired off to the downside..at 2275
Feb 02 00:10 am Exited my trade at 2265 as the TTM_Wave bars approached the zero line..another 1 PP move..
gain of 10 points..
250/pt
Feb 01 5:05pm Shorted YM as the TTM_squeeze and TTM_Wave Fired in tandem to the downside at 19820
Feb 01 10:40pm Exit my trade at 19750, as the TTM_Wave bars cross the zero line, and the squeeze moves upward
gain of 70 points
25/pt
#Earnings #SPXCampaign
#earnings
$AMZN STO 2/17 910/900 BECS @ 1.18
$AMZN STO 2/17 790/800 BUPS @ 2.96
$BMY STO 2/3 48 put @ .45
$FB STO 2/3 123 put @ .70
$FB STO 2/3 125 put @ 1.00
#spxcampaign
$SPX STO 2/6 2325/2300 BECS @ 1.20
$SPX BTO 2/13 2330 2355 BUCS @ .40 (Lottery ticket – but a good idea – thanks @jeffcp66)
#longcalls #earnings
$ULTA BTO 3/17 260 call @18 Earnings March 9th
VIX Indicator and SPX Chart…
VIX Indicator and SPX Chart have been updated
SVXY adjustment
OK…here’s what I did…gulp. Since it’s in an #IRA I can’t leave the short call naked so wanted to do something to get it out of the way of the long call profit.
Bought to Close SVXY JUN 16 2017 115.0 Call @ 22.20
Sell to Open SVXY SEP 15 2017 200.0/170.0 Bull put spread @ 24.70
So….a 2.50 credit for the roll and 3.00 for the original call sale for a total of 5.50 on the 30 wide spread. Now let’s say when Sept. rolls around SVXY is trading at 30. I would own 100 shares at a basis of 54.50. Not bad when you factor in all the other shares that would be in the position at much much lower prices from put exercises and outright stock buys…( I actually hope this happens!)
If we don’t get an implosion (not likely) this position would still have a shot at expiring worthless.
Now…the rest of the story:
Still holding Jan. 2019 70 strike long call currently at 65.75 (bought for 43.00) so nicely green. Also still holding Jan 2019 50/30 bull put spreads that are working. I can now manage these as necessary without the short call issue. Seems worth the hassle to hang onto the big gains…
For everyone else that’s looking to re-load on SVXY, this adjustment almost guarantees that the opportunity will be here soon! 🙂 🙂
$UPS #FallingKnife – another good…
$UPS #FallingKnife – another good candidate
$FB Up after hours to 137.26 now.
Looking good for #earnings
ANTM puts
BTC Feb. 17 135 puts @0.05, sold @1.35
$FB #Earnings Sold Feb 17…
$FB #Earnings
Sold Feb 17 125/140 strangle for 2.50. Using the monthly expiration to get some more premium.
SPX stuck
#SPXcampaign It seems we may like to stay in consolidation. Last week we had a small push up that never amounted to much, and this week we’ve had the same thing down. In the end, we’re still stuck. Maybe jobs report Friday will unstick us, but I’m not waiting.
Adding an extra condor, each side sold separately:
Sold to Open $SPX Feb 21st 2300/2325 call spreads for 5.40
Sold to Open $SPX Feb 21st 2250/2225 put spreads for 3.60
A question: Is it prudent to buy back
$FB STO 2/3 125 put @ 1.00 (Now at .48)
$FB STO 2/3 123 put @ .70 (Now at .25)
SVXY
Interesting predicament here…
Originally bought a 2019 call with the intention of selling front month calls against it. As you know SVXY has been screaming up. I’ve rolled the call out to June but it’s still not enough. It’s just about offsetting my call profits….Grrr.
To get it out of the way I’m thinking about rolling it out to Sep or next Jan to a DITM 20 wide put spread. Then…I can book the profits on the long call at some point and worse case scenario I’d own a little SVXY at a basis of about 18-20 dollars above where it’s trading. If it doesn’t tank and keeps rising it would be a bonus.
Am I crazy?
Looking at:
BTC SVXY June 115 call and STO Sep 225/200 BuPS @ 1.75 credit. Or…can go out to Jan for a 20 wide.
$SVXY #ShortCalls – Sold 1…
$SVXY #ShortCalls – Sold 1 SVXY Jan 19 2018 225.0 Call @ 5.30 with the stock at 121.08
late Day Trade
Feb 01 13:28pm Short ES at 2277 just before the Squeeze fired to the downside..Wave signalled a down move
Feb 01 13:41pm exit my trade as teh ES crossed the Center pivot line and stalled at the 2272 as the squeeze bars flattened out..and the wave bars reversed..
Gain of 5 points , 250/point
Trading done for today…
$UVXY
After the rate no change decision
STO Feb 10 $32 calls @ $0.33
Now have full call ladder for next week.
VIX tick
Looks like the FOMC 2pm ET volatility resulted in a bad VIX tick, down to 9.97, which would be lowest level since February 2007. I’m not buying it… look for it to be adjusted in a day or two.
IBB
Bored….selling against March 290 call. Feb 260 put looking safe.
Sold IBB MAR 17 2017 260.0 Put @ 2.75
UAA put spread
Under Armour UAA Mar17 22.5/17.5 put spread sold for $1.48 ($.84 in the money)
Missed YM trade
I missed the 80 point drop in YM at 9:03, as I was in a trade with ES…just to show you I am not as good as I would like to be..I should have got them both as they both tracked down for a pivot-pivot move…
MRK earnings
#Earnings #IronButterfly Not a big mover on earnings, so playing for little to no movement.
Sold to Open $MRK Feb 3rd 60/62/64 iron butterfly for 1.19. Max risk .81.
Oct. 25, 2016 BO 1.97%
July 29, 2016 BO 0.39%
May 5, 2016 BO -1.31%
Feb. 3, 2016 BO -0.71%
Oct. 27, 2015 BO 1.05%
July 28, 2015 BO 0.92%
April 28, 2015 BO 5.04%
Feb. 4, 2015 BO -3.22%
Oct. 27, 2014 BO -2.01%
July 29, 2014 BO 1.05%
April 29, 2014 BO 3.59%
Feb. 5, 2014 BO 0.03%
Avg move = 1.8%
#ULTA Earnings
#earnings
$ULTA BTO 3/17 260 call @ 18
Earnings expected March 9.
FB earnings
#Earnings #StockTrades #ShortPuts #CoveredCalls
Already long stock, short 138 and 140 covered calls, short 126 and 129 puts.
Today, sold to open $FB Feb 3rd 123 puts for .65. Will add more if price goes up.
Biggest UP move: 15.5%, Biggest DOWN move: -6.1%, Average move: 5.6%. This trade is 6% OTM.
ES Trade
#futures
Feb 01 9:03am Shorted ES as the TTM_Squeeze triggered to the downside with good power…at 2282
Feb 01 9:14am Exited my trade at the 2277 as the Squeeze and Wave bars changed direction..
gain of 5 points, 250/pt…
SPX trades
#SPXcampaign Sold to Open $SPX March 3rd 2345/2370 call spreads for 1.40, with SPX at 2281. Missed fills on the early pop up.
#Rolling Sold to Open $SPX Feb 6th 2290/2315 call spreads for 4.10. It seems we are having trouble getting higher. So I am hedging my long trades with aggressive short trades. I will roll this if we break above 2290 before Monday’s expiration.
#OptionsExpiration Expired last night: SPX Jan 31st 2225/2200 put spreads. Sold as part of a #CondorRoll for 4.60 on Jan 6th.
Pre-Market YM trade
$MYL #CoveredCalls – a nice…
$MYL #CoveredCalls – a nice pop this morning pushes the premiums up a bit.
Sold MYL APR 21 2017 42.5 Calls @ 0.81
Sold MYL JUL 21 2017 47.5 Calls @ 0.73
Closing Earnings Trade
#earnings
$AAPL 2/3 122 call @ 6.00 A nice triple
ANTM puts closed
#Earnings Bought to close $ANTM Feb 3rd 152.5 puts for .35. Now need a pullback below 155 to get out with profit. (Sold 145/152.5/155/162.5 #IronCondor yesterday for 3.75).
$IBB iron condor closed
BTC Feb 17 305/300/260/255 for 0.50. Originally sold for 1.50. Will take the 66% max profit and looking to reload something similar for March expiration.
#earnings $FB STO 2/3 125…
#earnings
$FB STO 2/3 125 put @ 1.00
AAPL puts closed
#Earnings Bought to close $AAPL Feb 3rd 121 puts for .02. Now looking for a pullback below 124 by Friday’s close. (Sold the 118/121/124 #IronButterfly yesterday for 2.44)
#spxcampaign $SPX 2/24 2125/2150 BUPS…
#spxcampaign
$SPX 2/24 2125/2150 BUPS @ 1.00
#shortputs
$BMY 2/17 46 @ .85
Rolled Down in Time Up in Price For 1.00
$CMG 3/17 275 put to $CMG 2/17 370 put
#coveredcalls
$NUGT 2/10 12.50 calls @ .25
#longput
$SBUX 3/17 55 put @ 1.34
SPX long
#SPXcampaign Bought to open $SPX Feb 13th 2330/2355 call spreads for .35 earlier. Another cheap long shot, but the kind of trade that can explode if a rally pushes through. I have the same spread expiring this coming Monday, Feb 6th, that is now unlikely to do much. I am trying for another week since both yesterday and today failed to get ugly and ended with a rally.
$UVXY
STO Feb 10 $39 calls @ $0.35
New 5-day low on the…
New 5-day low on the Dow, but not SPX
Spx put spread
SPX STO put spread Mar wk1 2150/2125 sold for $1.30 when spx @ 2270
AAPL iron butterfly
#Earnings Can’t choose whether to be bullish or bearish, and not liking OTM premium anyway, so going with a neutral ATM #IronButterfly that will have 3 days to find its center. Max risk .56
Sold to Open #$AAPL Feb 3rd 118/121/124 iron butterfly for 2.44.
$UVXY
Mar 10 now has strike prices up to $50.
Opening ES trade
$XOM – getting to #FallingKnife…
$XOM – getting to #FallingKnife territory.
Also check out $COG and $SIG
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY Feb 10 2017 37 Calls @ 0.54 with the stock at 26.31.
#ironcondor NFLX followed a TradeWise…
#ironcondor
NFLX followed a TradeWise recommendation(TD Ameritrade)
Feb. 17 132/143/148/150 for .75
$SVXY $UVXY
STO Feb 3 SVXY $124 calls @ $0.30 Similar to @optioniceman $122 calls sold yesterday, just picked a higher strike.
STO Mar 3 UVXY $55 calls @ $0.75
STO SPX Feb 8 2210/2205…
STO SPX Feb 8 2210/2205 .25
$NUGT #ShortStrangle – Sold NUGT…
$NUGT #ShortStrangles – Sold NUGT Mar 17 2017 6/16 Strangles @ 0.75 with the stock at 11.03.
Breakeven levels are at 5.25 and 16.75 on the stock at expiration.
$MRO #ShortCalls – Bought to…
$MRO #ShortCalls – Bought to close MRO Apr 21 2017 25.0 Calls @ 0.01. They wont trade any lower.
Originally sold @ 0.43 on 12/1.
STO SPX Feb 3 2225/2220…
STO SPX Feb 3 2225/2220 .25
ANTM earnings condor
#Earnings #IronCondor This is a 1:1 iron condor, tight wingspan, almost an iron butterfly. Breakevens are 158.75 and 148.75.
Sold to Open $ANTM 145/152.5/155/162.5 for 3.75. Max loss 3.75. Biggest UP move: 5.5%, Biggest DOWN move: -4.7%, Average move: 2.5%.
Breakevens are about 2.9%-3.5% OTM.
GM
STO SPX Feb 6 2215/2210 .20
Yesterday
UA and UAA tank… wow
UA and UAA tank… wow
Busy Day – Note to Self – Time to Rest
#spxcampaign
Second Tranche
$SPX 3/3 2140/2165 BUPS @ 1.60
#earnings
$AMZN 2/3 775/790 BUPS @ 2.70
$AMZN 2/17 755/765 BUPS @ 1.20
#vxxgame
$SVXY 2/10 85 put @ .35 Thank you @vxxkelly
$SVXY 1/19/2018 60 put @6.40
Charting..
RTM and snapback to the 2280, closing above the support line of last weeks open gap-up..no close below that line yet, means the upside gap is still active..2055 is a 38% fib retrace/previous box support…MA’s are gathered at 2265-2270 area..basically provided support today before the bounce back…lets see which gap closes first, last weeks or todays…
$SVXY $UVXY – so a…
$SVXY $UVXY – so a big reversal from the best levels of the day. Since I was aggressive selling SVXY Puts and UVXY Calls into this morning’s move I threw out a couple of speculative positions to balance out the exposure (just a bit)
Sold UVXY Feb 17 2017 20.0 Puts @ 0.47 (my order is already in to cover at a penny)
Sold SVXY Feb 3 2017 122.0 Calls @ 1.00 (my order is already in to cover at a penny) – the strike is slightly above the alltime high set last Friday
SOME TRADES:
UVXY STO 2/10/17 31.0 CALLS @1.26
UVXY STO 2/10/17 32.0 CALLS @1.22
UVXY STO 2/10/17 33.0 CALLS @.81
UVXY STO 2/17/17 34.0 CALLS @1.44 These 4 trades were done at different times this morning and afternoon.
JNUG STO 2/10/17 9.0 CALLS @.80 Covered
JNUG STO 2/10//17 9.5 CALLS @.60 Covered
#SPX Campaign Sold to open…
#SPX Campaign Sold to open Feb 28th, 2150/2130 BuPS @ 0.90 when $SPX was at 2272.86.
