#SPXcampaign
1/5/2017 2065 buy 10 FEB 2017 Puts -$2.65
1/5/2017 2165 Sell 10 FEB 2017 Puts $8.35
1/26/2017 2065 Sell 10 FEB 2017 Puts $0.42
1/26/2017 2165 buy 10 FEB 2017 Puts -$1.17
opened it on 1/5/2017 at $5.70 close at 0.75 gained 87%
Recent Updates Page 451
DUST–closing early
Bought to close $DUST Feb 17 107 call @ .03. Sold for 6.00 on 12/20. I’m sure this would expire in a few weeks but it seems crazy to keep it open for .05 or less. I’m still short some 75 calls in Feb as well, which are almost worthless–those may be next.
$DUST #ShortPuts – this one…
$DUST #ShortPuts – this one is finally cooperating. Closing early because of margin pressures.
Bought to close DUST Jan 27 2017 30.0 Puts @ 0.05. They wont trade any lower.
Originally sold at 0.85 on 12/29 and added another at 1.25 on 12/30.
Letting 3 similar positions in IRA accounts run to expiration.
TLT
#PerpetualRollingStrangles – Selling another week..
Bought to Close TLT FEB 3 2017 123.0 Calls @ .08 (sold for .74)
Sold TLT FEB 10 2017 120.5 Calls @ .60
WYNN earnings
TOS has been showing Feb 2nd for a few weeks. Noticed yesterday my WYNN position was down even though WYNN was up. Earnings were changed to today….
IBB
#ShortCalls – Replacing the one I closed yesterday….still holding the Feb 260 put so legging into a March strangle.
Sold IBB MAR 17 2017 290.0 Call @ 3.30
$UVXY
STO Feb 10 $35 calls @ $0.35
SOLD UVXY 10 FEB 17…
SOLD UVXY 10 FEB 17 40.5 CALL @.19
#SPXcampaign BTC SPX 8 FEB…
#SPXcampaign BTC SPX 8 FEB 17 2170/2145 BuPS @.25 sold on 1/12/2017 @1.40
Opening Dow futures Trade
#futures
After the opening slide and subsequent bounce at the 20000 line, I went long :
Jan 26 8:44 Long 5 YM contracts as teh TTM_Wave went green on teh bounce at 20000 level..
Jan 26 9:11 Exited my trade as the YM stalled at the 20,050 level and consolidated..TTM_Wave verified the chop..
Gain of 50 points @ 25/point
$UVXY
STO Feb 3 $30 calls @ $0.33
GOOGL earnings
#Earnings #BullPutSpreads GOOGL looking bullish but I’d prefer to stay OTM in case its one day performance pulls back a bit. Going with a spread rather than naked since I don’t want to take assignment of such an expensive stock, and the margin requirement provides far better return percentage.
Sold to Open $GOOGL Jan 27th 815/805 put spreads for 1.40. Biggest UP move: 16.3%, Biggest DOWN move: -5.4%, Average move: 4.5%. This trade is 4.6% OTM.
SBUX earnings
#Earnings SBUX has not been a big mover on recent earnings, so placing a slightly bullish 1:3 #IronButterfly, looking for a close around 60.00 tomorrow.
Sold to Open $SBUX Jan 27th 58/60/62 iron butterfly for 1.47. Biggest UP move: 6.6%, Biggest DOWN move: -4.9%, Average move: 2.3%. Center strike is +2.0% OTM.
SPX calls sold, puts closed
#SPXcampaign Sold to Open $SPX Feb 24th 2365/2390 call spreads for 1.35, with SPX at 2298.
Bought to close SPX Feb 10th 2150/2125 put spreads for .20. Sold for 1.35 on Jan 9th.
SVXY
STO January 2018, 60 puts @ 6.35 to offset the 225 calls I sold yesterday @5.05
SPX call spread stopped
#SPXcampaign Handling this one as an ITM position, but taking this morning’s weakness as opportunity to close, so I can replace it (hopefully) at higher strikes on the next rally.
Bought to close $SPX Feb 6th 2290/2315 call spreads for 11.00. Sold for 6.70 on Tuesday as a roll.
$DUST
Is moving back up as gold pulls back. I plan to sell OTM covered calls near end of day.
VIX is quite low, also watching for reversal of indexes – like everyone else. Have we been lulled into complacency yet?
Box of Chocolates
#spxcampaign
Closed %&$(^&$#@)(*&&
$SPX 1/25 2310/2285 BECS @ 400% loss (Had profit yesterday but chose not to close)
#longcalls
$VALE 2/17 12 calls @ .18 – lottery ticket (Dr Science idea @ OMM)
#earnings (@jeffcp66)
$EBAY 1/27 28.50 puts @ .36
$LUV 1/27 49/50 BUPS @ .50
#shortcalls
$AKS 3/17 12/8 BECS @ .80 (Dr Science idea @ OMM)
FFIV and EBAY trades looking good, Mortimer…
Now if LUV does well in the morning, I’ll be 3-for-3 overnight.
SVXY
Just got filled after hours. STO January 2018, 225 call @5.10 on 1 contract.
#SPX Campaign Back from the…
#SPX Campaign Back from the dog walk. After much reflection I closed my Feb 17th 2340/2360 BeCS at $2.00. I will look to open a new and further out BeCS with 1.5x the original contracts when it appears the break out has settled down.
SPX, closing half of long calls
#SPXcampaign Sold to Close $SPX Jan 27th 2300/2325 call spreads for 4.00. Bought for 1.10 yesterday. That was on my Reg-T marin accounts. For my Portfolio margin account, I closed only the long calls and left the 2325 shorts to expire Friday: Sold to Close $SPX Jan 27th 2300 calls for 4.70.
Will look to close the remainder of the spreads after they reach 8.00. If they don’t will exit before the theta drains out.
EBAY earnings
#Earnings #ShortPuts Sold to Open $EBAY Jan 27th 28.5 puts for .30. Biggest UP move: 13.9%, Biggest DOWN move: -12.5%, Average move: 6.4%. This trade is -5.9% OTM.
Playing this one bullish; 28.5 is just below 200 ema. 28.5 stock price is easy to manage if assigned.
Options Guides – Education
#optionseducation @optionshane
I know you probably get a gazillion emails hyping the “perfect guide or webinar” that will make you a millionaire in 30 days with only $5.00…right!? Alt>Delete faster than a speeding bullet!
In spite of the many offers I get and trash, the link below actually sent an easy-to-read overview of trading options, without advertising or weird videos! If you are just starting out it’s a must read.
Futures Trade
ES trade
On the bounce at the 61% Fib retrace, went long 5 contacts at 2288..( 10:51am), exited my trade as ES paused at the 2292 for a 4 point ES gain..
4 points x 250 per point…
SWIR
STO March, 17.5 puts @1.20
LUV earnings
#Earnings #BullPutSpreads Taking a bullish trade on LUV with an 11:9 risk reward. All airlines have been going strong. LUV’s last two reports were down, but all airlines were struggling last year, with their bullish trends starting around October.
Sold to Open $LUV Jan 27th 50/49 put spreads for .45.
Here are last 12 reports:
Oct. 26, 2016 BO -8.46%
July 21, 2016 BO -11.20%
April 21, 2016 BO 1.44%
Jan. 21, 2016 BO 0.50%
Oct. 22, 2015 BO 7.40%
July 23, 2015 BO 3.87%
April 23, 2015 BO 0.95%
Jan. 22, 2015 BO 8.41%
Oct. 23, 2014 BO -2.77%
July 24, 2014 AC 1.95%
April 24, 2014 AC -1.31%
Jan. 23, 2014 BO -2.43%
$SVXY Chart
If you look at the chart for $SVXY. From about March until the election it pretty much ground higher (draw a regression line through the price action or just squint) at a steady pace. Yes there peaks and pull backs, but that’s what should happen. From the election until monday, it continued to move higher but at a much steeper angle. Add in the last 2 days, and the chart is starting to go asymptotic.
$SPY
No argument that the price action is strong in the market. But if you look at the volume on the $SPY, it is anemic. Volume is dropping as $SPY grinds higher today. Just no sellers, so any buyers have to keep raising bids to get a fill.
#SPX Campaign Jeff et. al….
#SPX Campaign Jeff et. al. With the market seeming to be finally breaking out here would you advocate closing a Feb 17th 2340/2360 Call spread here or wait and roll later.
$SVXY
BTC Feb 03rd 80 Puts at .05 on a GTC order. BTC Feb 10th 80 Puts to free up the cash so I could add some $NEWT to the portfolio on the price drop with the secondary.
AAPL roll
#ShortStrangles – Been rolling for awhile and gradually narrowing some 121/114 inverted strangles waiting to see which side goes away first. With the stock moving up I’m rolling the short calls into new unbalanced, more bullish, less inverted, strangles.
Bought to Close AAPL JAN 27 2017 121.0 Puts @ .39 (sold for 1.10)
Rolled 114 calls to next week’s 125/120 inverted strangles @ .45 credit (2 puts for 1 call)
FFIV earnings
#Earnings #ShortStrangles
Sold to Open $FFIV Jan 27th 130/157.5 strangles for .90. (filled quickly so more may be possible)
Biggest UP move: 9.6%, Biggest DOWN move: -10.0%, Average move: 4.8%. These strikes are about 9.5% OTM.
IRBT
STO Feb. 17, 57.5 puts @1.15 and staying small . Earnings on Feb. 8
IBB strangle
#ShortStrangles – Taking off the call side but still holding the 260 put for now.
Bought to Close IBB FEB 17 2017 300.0 Call @ .25 (sold for 2.85)
PANW stock sold
#AfterHours #StockTrades #Earnings
Sold to Close $PANW stock for 146.52. Bought for 140.85 after their earnings announcement, after hours on Nov 21st. This was supposed to be a 1-hour to 1-day trade. But it decided to dip down below 124.00 before recovering.
New VIX low hit, lowest…
New VIX low hit, lowest since July 2014
SVXY roll
#LongCallDiagonals – Still easing it up a little at a time…
Rolled Feb 100 to Jun 115 @ .45 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.
AMZN roll
#LongCallDiagonals – Still easing it up a little at a time…
Rolled this week’s 772.5 to next week’s 777.5 @ .61 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.
SPX Close/Roll
10-jan Sell 2 Feb 13 2190 Puts @ 6.70
25-Jan Buy 2 Feb 13 2190 Puts @ -2.20
Gain @ 60%
25-Jan Sell 2 Feb 13 2230 puts @ 4.40
SPX Puts Closed
13-Jan Sell 2 Feb 3 2220 puts $5.30 $1,058.00
25-Jan Buy 2 Feb 3 2220 puts -$1.50 -$300.00
Gain @ 70%
SPX puts closed, puts sold
#SPXcampaign In pre-market, Bought to close $SPX Jan 27th 2235/2210 put spreads for .20. Sold for 1.75 last Friday.
Looking for higher prices later today so not selling calls yet. But sold my other weekly put spread:
Sold to Open $SPX Feb 24th 2200/2175 put spreads for 1.55, with SPX at 2290.
SVXY
In an IRA, BTC March 40 puts @.10 and no commissions. We need a correction soon or I will have nothing to close and earn premium.
Dow 20,000, and all-time SPX and NDX highs as well
# OFF TOPIC – Jeff’s…
OFF TOPIC – Jeff’s Portland Gathering !! If we can get the Timing right it is a great idea. Would like to see Portland and the Bistro Group. Then see the San Juans – again, it has been many years since being in the area. :-))
Optionshouse (Trademonster) offer
Not bad…
==========================================================================
Hi Scott,
I apologize I am just getting back to you. I was out in LA for a business trip and just got back. You are correct TastyTrade has come out with a very compelling offer. Based on what your trading plans are and the amounts you are looking to deposit, I would be able to offer you $0.40 per contract each way, no ticket. Exchange fees are only roughly $0.04 per contract. This would be for the life of the account not just a promotion.
Our stock trades are $4.95 flat to open and close, and futures trading is $4 round trip. I would unfortunately not be able to discount these trades. Also, we have a dime buy back program, where if you close out a short option that is priced at $0.10 or less, it is a commission free trade.
We would also be able to convert your account to a portfolio margin account. Please let me know what you think, and we can talk further from there. Thanks Scott, and have a great evening!
Best regards,
Mike Mandich
Sales Consultant
OptionsHouse
10 S. Riverside Plaza | Suite 500
Chicago, IL 60606
Direct: 312-488-4368
A bistro Party
Since all this work by Jeff has been totally successful..and we are members of the best site for home traders,
I think Jeff should host a Bistro Party this year…I’d definetely attend..and help however I can…
Activity
#spxcampaign
$SPX 1/27 2235/2260 BUPS @ 1.00
Close Early
$SPX 1/25 2215/2240 BUPS@.10 91% profit
$SPX 1/31 2040/2140 BUPS @ .20 95% profit
Thanks @jeffcp66 for helping save capital and grow It too!
#earningstrade
$COF 1/27 85/87/89/87 @ 1.60
#coveredcalls
$APC 2/3 70 @ 1.52
$CELG 1/27 115 @.85
$CRR 2/17 11 @.60
$CVI 2/17 25 @.75
$CLF 2/3 9 @ .37
$YELP 2/10 43 @1.70
$MPC 1/27 49 @ .80
#longcalls
$QCOM 2/17 55 Call @ 2.30 (OMM Trade)
Check your calendar on February…
“According to a Fengshui Master in Hong Kong:
This February won’t come in our lifetime again. Because this February has 4 Sundays, 4 Mondays, 4 Tuesdays, 4 Wednesdays, 4 Thursdays, 4 Fridays and 4 Saturdays. This only happens once every 823 years. This is called ‘money bags.’ So share to at least 5 people or 5 groups and money will arrive within 4 days. Based on Chinese Feng Shui. Share within 11 minutes of reading.”
Go figure…
SPX at the Bell
#spxcampaign
just before the 3:15 close, STO 2 SPX Feb 24 2200/2100 BUPS @ 4.60
Entered my trade as the ES crossed below the R2 Pivot line..after a mild pullback before close..
Extra put spread sold
#SPXcampaign In after market, Sold to Open $SPX Feb 3rd 2260/2235 put spreads for 3.35.
CMG strangle
Another one in rally mode…another big up day tomorrow and the call side will begin having issues so buh bye! Looking out to next week for a nice earnings strangle…
Bought to Close CMG JAN 27 2017 390.0/430.0 Strangle @ .68 (sold for 4.60)
PCTY
Earlier today STO Feb. 17, 30 puts @0.85
SVXY
STO January, 2018 220 call @5.15 on 1 contract. Thanks to Ramie for pointing out the new strike price.
SPX calls stopped
#SPXcampaign On the small pullback I bought to close $SPX Jan 30th 2285/2310 call spreads for 5.65. Sold as part of a #CondorRoll yesterday for 4.35.
New all-time high on SPX…
New all-time high on SPX today.
Closing STZ
Bought to close $STZ Feb 17 135 puts @ .25. Sold for 1.30 on 1/5 (thanks again @vxxkelly).
Taking my 80% of available profit off the table.
SPX trades, part 2
#SPXcampaign #Rolling #LongSpread #RiskReversal
Sold to Open $SPX Feb 6th 2290/2315 call spreads for 6.70, as a roll from Jan 27th spread stopped earlier. This was a fat-fingered fill. Was trying to enter the order for 7.00 but it didn’t take. I can let this get ATM or even ITM and roll next Monday at the latest.
And for the possibility of a strong push into Friday, I did this Risk Reversal:
BOUGHT to Open $SPX Jan 27th 2300/2325 call spreads for 1.10
Sold to Open $SPX Jan 27th 2260/2235 put spreads for 1.10
If we don’t get the strong push, then I’ll be flat, UNLESS we go down below 2260 instead.
Gold trades
#ContangoETFs #ShortCalls #CoveredCalls #GOLD
Earlier today…
STO RGLD Feb 17th 80 covered call for .50
BTC DUST Feb 17th 107 call for .05. Sold for 5.45 on Dec 20th.
BTC Dust Feb 17th 75 call for .15. Sold for 9.00 on Nov 23rd.
This leaves me flat in DUST/NUGT. Going to leave them alone until one of them goes on a bullish surge. I did well overall on this DUST bull run (started selling calls on Oct 4th), although it would have been better if I wasn’t forced to close a few on the highs due to margin (Nov 11 & 14). I will be careful to not sell too many too fast next time.
SPX call spread stopped
#SPXcampaign Looks like the boredom could be over. Having to stop a call spread for the first time in awhile…
Bought to close $SPX Jan 27th 2280/2305 call spread for 6.65. Sold for 7.40 on Jan 13th.
Since an Upside Warning is still in effect, this could easily turn into a run up above 2300. I will be rolling the above spread to a higher, farther out call spread. Also keeping a watch on the Jan 30th 2280/2305 spread I sold yesterday. Will cut it loose if we don’t stop at 2280.
The Jan 25th 2285/2310 call spread that closed on my GTC order this morning for .20? Now trading for 2.30. This is why I don’t allow close call spreads to expire, even if there’s only one day left.
SVXY call
Sold Jan 19 2018 220 call @ 5.00. 220 is now the highest strike.
Futures Trades
2 trades for 30 points each today..best I can do on a slow day…
60 points @ 25.00/point
Entered at or just before the TTM_Squeeze signal fired …verified with the TTM_wave signal..
Exited my trades as the squeeze and wave signals turned down…also 90% of the 2nd trade was between the R1 and R2 pivots…as it approached the R2 Line, it was time to exit..
SPX trades
#SPXcampaign Sold to Open $SPX Feb 24th 2330/2355 call spreads for 1.40, earlier when SPX was at 2271.
Bought to close SPX Jan 25th 2215/2240 put spread for .20, and Jan 25th 2285/2310 call spread for .20, earlier when SPX was wavering between 2268 & 2270. Sold as an iron condor for 4.00 last Wednesday.
EWW
Reload for March…
Sold EWW MAR 17 2017 43.0/48.0Strangles @ 1.40
EWW playing it safe
This thing is starting to move so booking the strangles at decent profit. Looking out to March for new strangles.
Bought to Close EWW FEB 17 2017 39.0/45.0 Strangles @ .93 (sold for 1.26)
Closed SPX Trade
Jan 6 Sell 2 Jan 27 2220 puts $4.90 $980.00
Jan 24 Buy 2 Jan 27 2220 puts -$0.75 -$150.00
Gain 83%
Jeff – what do u…
Jeff – what do u think of selling 92/82 Jan 27 strangle for .48cr?
COF earnings
#Earnings #IronButterfly Trying the same approach on this one. Has not moved much on earnings, except for 2 outlier moves in 2015. So it’s a decent candidate for an IB. Also, banks have not been moving much this quarter on earnings, after their bullish runs since the election.
Sold to Open $COF Jan 27th 85/87/89 iron butterfly for 1.60. Max loss .40.
Here are its one-day moves:
Oct. 25, 2016 AC 0.05%
July 21, 2016 AC -1.41%
April 26, 2016 AC -2.17%
Jan. 26, 2016 AC 4.83%
Oct. 22, 2015 AC 8.24%
July 23, 2015 AC -13.12%
April 23, 2015 AC -1.73%
Jan. 22, 2015 AC 1.83%
Oct. 16, 2014 AC -2.67%
July 17, 2014 AC -0.24%
April 16, 2014 AC -0.35%
Jan. 16, 2014 AC -5.29%
Average move: +/- 3.5%
Avg move if you remove the 2 outliers: +/- 1.7%
JNJ earnings update
#Earnings #IronButterfly In this bullish market, a gap down is the best for an IB when we have 3 days left to expiry. Yesterday sold the Jan 27th 113/115/117 iron butterfly for 1.35.
Just now, bought to close the 115 calls for .05. Now I have until Friday for JNJ to recover toward the 115 area, allowing me to close the puts for cheap. It may not happen, which means loss will be .70 on the trade.
VIX Indicator and SPX Chart…
VIX Indicator and SPX Chart have been updated
NUGT calls
Borrowing an idea from @optioniceman from Friday.
Sold $NUGT Jan 27 12.00 calls @ .23 for this week’s expiration.
#ShortCalls
JNJ earnings iron butterfly
#Earnings #IronButterfly Sold to Open $JNJ Jan 27th 113/115/117 iron butterfly for 1.35. Slightly bullish position, and we have until Friday for it to settle in.
UBNT
STO February 17, 55 put @1.25
#SPX Campaign
Sold to open Feb 24th 2100/2120 BuPS @ 0.85 when $SPX was around 2261.
$UVXY
STO Feb 3 $39 calls @ $0.53
