STO Feb 10 $85 puts @ $.36
Recent Updates Page 450
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts – Sold DUST Mar 10 2017 26.5 Puts @ 2.40, adding on to my position.
$NUGT #CoveredCalls – Sold NUGT…
$NUGT #CoveredCalls – Sold NUGT Feb 3 2017 12.0 Calls @ 0.12, replacing a similar position that expired Friday.
#FallingKnife candidates today – $QCOM…
#FallingKnife candidates today – $QCOM $WHR
SPX campaign
STO March 17, 2020/2070 put spread @1.60
#shortcallspread BOIL Closed the short…
#shortcallspread
BOIL Closed the short side of a March 17 20/25 call spread. Pretty sure I followed #fuzzball, sold it for 1.35 on Dec. 9. Bought the call back for .35. I’ve done almost nothing the last couple weeks, getting back by booking a profit. I have enjoyed keeping up with all of you.
$UVXY
STO $UVXY Feb 24 $50 calls @ $.68
STO $UVXY Feb 24 $55 calls @ $.56
STO $UVXY Feb 24 $60 calls @ $.44
GOOGL roll
I rolled my Feb. 3, 825 calls out to Feb. 17 830 call for a credit of 3.15 against my 2019 650 calls.
$SVXY
STO Feb 24 $75 puts @ $.69
STO Mar 3 $70 puts @ $.55
STO Mar 10 $70 puts @ $.90
$RAD puts
Had sold Feb 17 6.00 puts on 1/20 for 0.45 in the midst of all the struggles with Walgreens.
Now with the further issues and the crush in $RAD today, decided to get rid of this one as I really don’t think I want the stock put to me. Was able to buy back for only 0.33, so made some lunch money anyway.
$SVXY #ShortPuts – I was…
$SVXY #ShortPuts – I was definitely early on some of these but I’m short some stock and a huge number of LONG term calls, so these puts are either partially covered or create strangles.
The stock bottomed at 112.11 so far today but has now bounced.
SVXY FEB 3 2017 95.0 Puts @ 0.32 – these expire Friday
SVXY FEB 3 2017 88.0 Puts @ 0.20 – these expire Friday
SVXY FEB 10 2017 88.0 Puts @ 0.37
SVXY FEB 10 2017 80.0 Puts @ 0.30
SVXY FEB 17 2017 88.0 Puts @ 0.60
SVXY FEB 17 2017 85.0 Puts @ 1.00
SVXY FEB 17 2017 80.0 Puts @ 0.68
SVXY FEB 24 2017 85.0 Puts @ 0.80
SVXY FEB 24 2017 80.0 Puts @ 0.80
SVXY MAR 3 2017 75.0 Puts @ 1.00
SVXY JUN 16 2017 43.0 Puts @ 1.11
SVXY Jan 19 2018 50.0 Puts @ 4.60
SVXY Jan 19 2018 49.0 Puts @ 4.30
$UVXY
STO Feb 10 $43 calls @ $0.47
STO Feb 10 $45 calls @ $0.37
STO Feb 10 $48 calls @ $0.30
all expire next week
SVXY
#IRA that is all cash so starting a little nibbling with some #ShortPuts …..
Sold SVXY MAR 17 2017 80.0 Put @ 2.20
Sold SVXY JUN 16 2017 70.0 Put @ 4.60
REGN strangle
BTC Feb. 3, 325/400 strangle @1.65, Sold @4.85
$UVXY #ShortCalls #VXXGame – maybe…
$UVXY #ShortCalls #VXXGame – maybe I was a bit early on some of these but volatility spikes are no longer measured in days but in hours. Many of these are at the highest available strike prices.
UVXY Feb 3 2017 30.0 Calls @ 0.34 – these expire Friday
UVXY FEB 17 2017 60.0 Calls @ 0.28
UVXY FEB 24 2017 55.0 Calls @ 0.55
UVXY FEB 24 2017 56.0 Calls @ 0.50
UVXY FEB 24 2017 56.0 Calls @ 0.45
UVXY FEB 24 2017 60.0 Calls @ 0.37
UVXY MAR 3 2017 60.0 Calls @ 0.55
1 UVXY MAR 10 2017 34.5 Calls @ 1.77
UVXY MAR 17 2017 60.0 Calls @ 1.00
1 UVXY JUN 16 2017 60.0 Call @ 4.60
1 UVXY SEP 15 2017 60.0 Call @ 6.75
GS and SVXY
#BullPutSpreads – Not much free time today or tomorrow so taking off a little risk…
Bought to Close GS FEB 17 2017 235.0/230.0 Bull put spreads @ 2.43 (sold for 2.45)….breakeven
And the “take one for the team trade” is still a winner…LOL
Bought to Close SVXY FEB 17 2017 110.0/105.0 Bull put spreads @ 1.57 (sold for 2.25)
UVXY Jun Calls STO UVXY…
UVXY Jun Calls
STO UVXY -2 16Jun17 60 Calls @ 4.92
SVXY puts
Sold $SVXY Mar 3 80 puts @ 1.25
AMZN roll
I rolled my Feb. 3, 780 call out to Feb. 17, 785 call for a credit of 0.15 cents. Rolling early against my long 2019, 600 call position.
#spxcampaign On the @jeffcp66 carousel…
#spxcampaign
On the @jeffcp66 carousel
$SPX 3/3 2140/2165 BUPS @1.55
$SPX 2/24 2125/2150 BUPS @1.65
$FB straddle BTO 32 @ 6.80
Market vs Bonds
Given the weakness in the market, just not seeing much of a reaction in the bonds (10,5,2 yr). They are all a little higher but not really moving as much as one might expect from a 22 point drop in the S&P.
$UVXY #shortcalls STO Jun 19…
$UVXY #shortcalls
STO Jun 19 $60 C for $4.45
Thanks Ramie
SPX campaign
Followed Jeff and STO 2140/2165 March 3, bull put spread @1.55
I am taking another one for the team so we can get another leg down and more volatility.
$SPX put spread
STO Mar 17 2160/2150 @ 0.95
ES and YM at Open
Jan 30 8:41 Shorted YM @ 19940, as YM continued thev breakdown..
Jan 30 8:48 Exited my trade as YM bounced at the 19870, after a break and fake at the S3 pivot…
Gain of 60 points @ 25/pt
Jan 30 8:31 Shorted ES at 2280, as it fell out of the TTM_Squeeze to the downside
Jan 30 8:45 Exited my trade as the ES bounced at the S3 pivot line..at 2272..
Gain of 8 points at 250/pt
Double down, risk-reversal
#SPXcampaign Considering this pullback as an opportunity. I doubled down on a #LongCallSpread… Bought to Open $SPX Feb 6th 2330/2355 call spreads for .25. Bought the first batch for 1.35 last week. Cost basis now .85.
Then, sold to open SPX Feb 3rd 2245/2220 put spreads for 1.35. This turns the long spreads into a #RiskReversal, reducing my cost to only .30 for a double-sized long spread. If we start to rally into Friday’s job report, the long spread could get back to 2.00 or 3.00. If not, my loss is minimal. Of course, if this is beginning a correction, then it’s not so pretty.
$UVXY
added a couple of positions for this week
STO Feb 3 $32 calls @ $0.34
STO Feb 3 $31 calls @ $0.42
$VIX seems to have peaked for now.
UVXY calls
I was a bit early on these it looks like.
Sold $UVXY Mar 17 60 calls @ 1.00
Sold $UVXY Jun 16 60 calls @ 4.00
Highest strike.
#VXXGame
SPX puts sold
#SPXcampaign Sold to Open $SPX March 3rd 2165/2140 put spreads for 1.35, with SPX at 2277.
MA has earnings Tuesday
MA has earnings Tuesday
Econ Calendar for week of 1/30/17
Blue star = Market Moving Indicator; Yellow square = Merits Extra Attention; Pink Circle = Other Key Indicator
Good morning
May your day be green.
VIX Indicator and SPX Position…
VIX Indicator and SPX Position Chart are updated
No option expirations this week,…
No option expirations this week, as I’ve been cutting back on trading just don’t want to manage trades for the next three weeks while on vacation on Kaua’i and Mau’i islands. Need another winter break.
Also, checkout www.doubledividendstocks.com this weekend for cash secured puts and covered calls.
Trade safely…Mahalo
#OptionsExpiration for 1/27 $NUGT 01/27/2017…
#OptionsExpiration for 1/27
$NUGT 01/27/2017 12.00 calls
$UVXY 01/27/2017 40.50 calls
No assignments.
Have a great weekend everyone.
Earnings Trades and Expiration
$JNJ 113/115/117/115 Iron Butterfly Lost $54 per contract
$COF 85/87/89/87 Iron Butterfly Lost $40 per contract
$LUV 49/50 BUPS 100% profit
$EBAY 28.5 put 100% profit
#spxcampaign #coveredcalls #shortputs #shortcalls #assignment
Expired Full Profit
$SPX 2120/2145 BUPS
$SPX 2155/2180 BUPS
$SPX 2235/2260 BUPS
$LULU 70.50/69.50 BECS
$NUGT 12 call (covered)
$CELG 115 call (Covered)
$LULU 60 put
Called Away
$MPC 1/27 49 calls
Thanks to everyone for sharing. Enjoy the fruits of your labor this weekend.
Option expiration
Only one today. AMGN 150 PUT. Have a nice weekend and hope for more volatility next week.
$SVXY
BTC March 31 $100P for 3.85, sold Jan 13 for 8.30
#OptionsExpiration #Weeklys #Jan27 – a…
#OptionsExpiration #Weeklys #Jan27 – a fairly quiet expiration except for some unfortunate early exercises on ITM $SVXY Calls. While Fido and Schwab have stock to lend, apparently TDAm does not.
$NUGT and $DUST stayed in a predicable range for the 2nd week in a row and I re-acquired some CVS at 79 after getting called out of my previous long stock at 82.5 on an early call assignment a little over a week ago.
— Expirations —
DUST (Weekly) Jan 27 2017 25 Puts
DUST (Weekly) Jan 27 2017 30 Puts
NUGT (Weekly) Jan 27 2017 8.5 Puts
NUGT (Weekly) Jan 27 2017 12 Calls (Covered)
SVXY (Weekly) Jan 27 2017 60 Puts
SVXY (Weekly) Jan 27 2017 65 Puts
SVXY (Weekly) Jan 27 2017 70 Puts
SVXY (Weekly) Jan 27 2017 88 Puts
TRIP (Weekly) Jan 27 2017 52.5 Calls (Covered)
UVXY (Weekly) Jan 27 2017 27 Calls (Covered)
UVXY (Weekly) Jan 27 2017 32 Calls (Covered)
UVXY (Weekly) Jan 27 2017 33 Calls (Covered)
UVXY (Weekly) Jan 27 2017 40.5 Calls (Covered)
— Assignments —
CVS (Weekly) Jan 27 2017 79 Puts – going long some stock
Options Expiration 1/27/17
#OptionsExpiration #Earnings #ShortStrangles #ShortPuts #ShortCalls #IronButterfly #VXXGame #Assignment #BullPutSpreads
–Expiring w/max profit–
EBAY 28.5 puts
FB 126 put
FFIV 157.5 calls
LUV 50/49 put spreads
SPX 2260/2235 put spreads
UVXY 37 calls
–Assignment–
SBUX 60 puts, stock assigned, cost basis 56.73
–Expired w/max loss–
COF 85/87/89 iron butterfly
SPX 2300/2325 LONG call spread, bought for 1.10, closed half for 4.70 so overall profitable trade.
Options Expiration Weekly 1/27/17
$SVXY $80 puts
$UVXY $34 calls
$UVXY $36 calls
$UVXY $38 calls
$UVXY $40 calls
$UVXY $42 calls
With the VIX low, #VXXGame premiums are also low so I continue to stay very short term. Won’t stay this way forever. I don’t want to be short a bunch of longer term $UVXY calls or $SVXY puts if we get a serious vol spike. Will continue to just make good steady short term money and wait for the opportunity to sell longer term, high premium positions. Even in this environment, it has been a nicely profitable month.
Have a great weekend everyone.
Kelly
COF trade
#Earnings, If you’re in this trade is probably a good idea to close the 87 short calls. If COF ends the day under 89, you will be assigned short stock if you don’t close the short calls.
SPX Campaign Earnings Trade Long Calls
#spxcampaign
$SPX 3/3/2017 2110/2210 BUPS @ 4.80 (Following @fibwizard
Closed Early
$SPX 1/30/2017 2215/2240 BUPS @ .10 94% profit
#earningstrade
$AAPL 2/3/2017 122 call @ 1.93
#longcalls
#CMCSA 3/17/2017 75 call @ 2.30 (OMM Trade)
$SPY 2/17 230 call @ 1.36 (Trying something new)
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts – Sold DUST MAR 10 2017 26.5 Puts @ 2.05 with the stock at 33.69.
The stock has not been below this strike price since late August.
This is the lowest available strike(so far) for this weekly series.
JNJ break today
#Earnings #IronButterfly Getting the surge we wanted on JNJ at the last minute. We can get out now for less than max loss… Just put a .15 trailing stop on the option price to close the 115 short puts. At the moment I will be stopped at 1.73, but I hope it goes down from here (meaning stock continues UP).
(Sold the Jan 27th 113/115/117 iron butterfly for 1.35 on Monday)
$STZ
About to go positive on the day after a pretty good drop yesterday and this morning.
Selling WHR puts
$WHR #ShortPuts Looking to start a ladder in this. My first sale is Mar 17 150 puts @ 1.00.
STO FB Strangle 142/120 for…
STO FB Strangle 142/120 for .77cr earnings trades.
IBB
STO January 2018, 200 put @5.10
TQQQ roll
Rolled my 71.5 call out to Feb. 10, 72 call for a pick up of 0.02 cents. I picked up 1/2 of a point in the strike price against my 2019 35 calls.
FFIV earnings
#Earnings #CoveredCalls – Originally sold 145/142 bull put spreads @ 1.25.
Stock tanked so sold long 142 puts @ 4.95. I’ll be assigned stock at 145 with a basis of 138.80 so:
Sold FFIV FEB 10 2017 138.0 Calls @ 2.05
Sold FFIV FEB 10 2017 139.0 Call @ 1.60
$NUGT #CoveredCalls #IRA – Repeating…
$NUGT #CoveredCalls #IRA – Repeating last weeks move.
Normally I would let this week’s worthless option roll off and attempt to sell next week’s on Monday. But with NUGT running a bit this morning I’ve decided to roll instead.
I’m spending a little to buy back worthless calls but who knows what Monday will bring.
Bought to close NUGT JAN 27 2017 11.5 Calls @ 0.01 (Sold last Fri @ 0.33)
Sold NUGT Feb 03 2017 11.5 Calls @ 0.23
FB covered call roll
#Earnings #CoveredCalls #StockTrade #ShortStrangles #StrangleRoll
BTC $FB Jan 27th 130 call for 1.98. Sold for .53 on Jan 10th.
STO $FB Feb 3rd 126/138 strangle for 2.58.
Going into next week’s earnings with a long bias; I am long stock. I will be selling additional options the day of earnings.
NVDA….pulled a WYNN
Earnings moved to Feb 9th. Feb 10th strangles getting hit this morning. Can’t these companies get their announcements right? Kinda funny….guy calling into TT asking the same thing. Guess my earnings trade is set already.
Opening Futures Trade
Jan 27 08:34 Shorted the ES(sp emini ) just before the TTM_Squeeze fired to the down side..at 2293.5..TTM_Wave verified by starting to move negative…
Jan 27 08:56 Exit my trade as ES hits the session low, at the S1 Pivot line..TTM_Wave verifies the move is over with a polarity change..and above zero move ..
Gain of 5 points @ 250/point
GOOGL extra
#Earnings I covered the short 815 puts for .10 earlier… I put in an order to sell the long 805’s for .05, and it filled a few minutes ago as the stock was going back UP. Someone had to close their shorts I guess!
WYNN
#CoveredCalls -I’ve been rolling around this short strangle position for months. Finally took the stock at 107 but with an 88 basis for covered calls. Was short 91 strike calls this week planning on rolling the calls up into earnings week. Then…all of a sudden WYNN moved their earnings to yesterday and IV in the short calls jumped. Thanks WYNN…grrr.
Stock jumped on earnings so I sold it at 102.80 while keeping the short calls. Looking now to roll the calls to a new strangle…I think this might be a revenge trade but doing it anyway…LOL
BTC UVXY 3 FEB 17…
BTC UVXY 3 FEB 17 45 CALL @.03 sold it on 1/20/2017 for 0.34
BTC UVXY 3 FEB 17…
BTC UVXY 3 FEB 17 40 CALL @.05 sold on 1/23/2017 for 0.42
BTC UVXY 3 FEB 17…
BTC UVXY 3 FEB 17 40.5 CALL @.05 sold it on 1/13/2017 for $1.45
Indices down, but VIX just…
Indices down, but VIX just hit a new 2.5 year low
GOOGL roll
#LongCallDiagonals – Still easing it up a little at a time…
Rolled this week’s 815.0 call to Feb 10 817.5 @ 1.00 credit.
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
$DUST
sold 34.60 stock bought Wed for 32.95, small gain
GOOGL trade closed
#Earnings Bought to close $GOOGL Jan 27th 815 puts for .10. Sold the 815/805 put spreads yesterday for 1.40. No reason to risk it if I can close this cheaply.
$DUST #ShortPuts #Rollout – Bought…
$DUST #ShortPuts #Rollout – Bought to close DUST JAN 27 2017 40.0 Puts to avoid assignment and
Sold DUST Feb 17 2017 37.0 Puts at a 0.21 Credit.
SBUX busted butterfly
#Earnings #IronButterfly #StockTrades Took a bullish shot on this one with the 58/60/62 IB for 1.47. I am planning to sell the long 58 puts at the open for around 2.00, leaving me short the naked 60 puts. This will total 3.47 in premium received, meaning my cost basis on the stock, when assigned tonight, will be 56.53. I am comfortable with that for hopefully a quick turnaround to sell the stock on a pop next week. If it drops further I can hold it through its dip until recovery. This company isn’t going anywhere.
Box of Chocolates Getting Soft
#spxcampaign
$SPX 2/24 2100/2200 BUPS @ 3.00
$SPX 2/24 2390/2365 BECS @ 1.35
Closed Early
$SPX 2/3 2365/2340 BECS @ .60 57% profit (Getting gun shy)
$SPX 1/30 2310/2285 BECS @ 683% loss (Why I am getting gun shy)
$SPX 2/3 2100/2125 BUPS @ .05 94% profit
#longcalls
Closed Early
$BABA 2/17 95/100 BUCS @ 78% profit
$VIX – The VIX is…
$VIX – The VIX is now on a 10 handle which is a fairly rare occurrence. Out of 6,813 trading days since 1990, only 110 have been below 11 in VIX (1.6%).
$DUST #ShortPuts #Rollout – I…
$DUST #ShortPuts #Rollout – I split an existing position into two pieces and rolled it out.
Bought to close DUST JAN 27 2017 45.0 Puts to avoid assignment and
Sold DUST MAR 17 2017 41.0 Puts and DUST APR 21 2017 39.0 Puts, both at a 0.45 Credit.
This gives me plenty of time to manage these positions further.
Plus the lower strike prices and extra cash helps too.
VIX Indicator and SPX Position…
VIX Indicator and SPX Position Chart have been Updated
SPX long call spread
#SPXcampaign Bought to Open $SPX Feb 6th 2330/2335 call spreads for 1.35, about 6 minutes after the bell. Looking to close when the spread reaches 5.00-10.00.
SPX reverse roll
#SPXcampaign Stopping out and reversing my most endangered call spread.
Bought to close $SPX Feb 24th 2230/2255 call spreads for 3.90. Sold on Tuesday for 1.40
#ReverseRoll: Sold to Open SPX Feb 10th 2275/2250 put spreads for 3.95, with SPX at 2296.
Outlook remains bullish. Today the VIX is having its 3rd close beneath the most recent 78.6 Fib line (drawn from 12/21 low and 1/19 high). This is another confirmation of the ongoing Upside Warning.
FFIV puts closed
#Earnings BTC FFIV Jan 27th 130 puts for .10. Sold yesterday as the 130/157.5 strangle for .90. Letting the calls expire. This is to avoid any possible downdraft tomorrow.
Allowing the LUV and EBAY trades to expire
JNJ and COF will have to move tomorrow to become winners, but they are IB’s so loss is minimal.
QCOM, BMY
QCOM, STO June 50 put @2.25
BMY, STO September 40 put @1.51
SPX Trades
SPX trades for the next few weeks….
Jan 26 Sold 2 Mar 03-17 2110/2210 Put Credit Spreads (BUPS ) @ 4.50
current price just under 2300
Expected Market makers move = 63 points
My safety factor = 40 points or so..
Jan 26 Sold 2 Mar 10-17 2100/2200 Put Credit spreads (BUPS ) @ 5.00
current price just under 2300
Expected Market makers move = 71 points
My safety factor = 30 points or so..
