VIX Indicator and SPX Charts have been updated
Recent Updates Page 474
$SVXY #ShortCalls – Sold SVXY…
$SVXY #ShortCalls – Sold SVXY Nov 4 2016 81.5 Calls @ 1.00 – after hours fill at 4:15 as the stock spikes to 77.19
$MCO #ShortPuts #Earnings – Sold…
$MCO #ShortPuts #Earnings – Sold MCO Oct 21 2016 105.0 Puts @ 0.60. The 3 month low on the stock was set in early September near 105.50.
$MCD #ShortPuts #Earnings – Sold…
$MCD #ShortPuts #Earnings – Sold MCD Oct 21 2016 106.0 Puts @ 0.15. The 3 month low on the stock was set today at 110.33.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Nov 11 2016 85.0 Calls @ 1.20.
Also Sold SVXY Oct 28 2016 80.0 Calls @ 0.55
#Earnings #Tonight $SLB $MSFT $ETFC…
NFLX calls sold
#Earnings STO NFLX Oct 28th 130 calls for .50
AMZN Iron Condor
AMZN OctWk4 740/750 Put 870/880 Call sold for $3.36
8 DTE
Anything good for earnings tonight?…
Anything good for earnings tonight? Haven’t gotten to it yet.
EBAY Followed a trade at…
EBAY
Followed a trade at TT Nov. 18 26/28/28/31 for 1.56. This is from Ryan.
$SVXY #ShortCalls #Rollup – trying…
$SVXY #ShortCalls #Rollup – trying to get ahead of the typical Friday Rally in SVXY by rolling today.
Bought to close SVXY Oct 21 2016 72.0 Calls @ 4.08 with the stock at 76.01
Sold SVXY Nov 11 2016 76.0 Calls @ 4.55.
Pushed the strike price up 4 points plus received a 0.47 Credit. The time premium was gone from the existing position.
GS Anyone else looking at…
GS Anyone else looking at the GS trade for possible rolls? Looking at buying the 170 back at 4.85 and selling the 175 for .75 turning the trade into a BuCS which if GS pinned at 175.00 would credit the 2.50 resulting in about a break even. Any thoughts on this strategy?
DUST
STO November 25, 55/65 bear call spread @0.90 cents.
SPX puts sold
#SPXcampaign On the lowest tick of the day, this order filled: Sold to Open $SPX Nov 17th 1990/1965 put spreads for 1.45, with SPX at 2133.
EBAY
BTC Nov 18 33/37 Call spread @ .05. Sold on 9/27 @ .82. I didn’t intend for this to be an earnings play, but it worked out ok.
VZ
STO January 45 puts @0.63 cents.
$UVXY
STO Nov 11 $27 calls @ $0.50. Will add if premium improves.
$UAL #ShortPuts #FallingKnife – Bought…
$UAL #ShortPuts #FallingKnife – Bought to close UAL Dec 16 2016 31.0 Puts @ 0.01. These can’t trade any lower and still have 57 days until expiration.
Originally sold @ 1.37 during the Brexit scare on 06/27/2016
$NUGT
covered call sold yesterday – stopped out of stock at 14.48, 0.25 loss on stock but potential 0.48 profit on option. I’ll put in offer for day buy to close at 0.05, still profitable. I thought the >3% profit on weekly was too rich.
GS roll
BTC October 21, 167.5 call and STO November 4, 167.5 call for a credit of 0.70 cents.
SPX calls closed
#SPXcampaign Before selling the spread below, this one closed 9 minutes after the open: Bought to close $SPX Nov 4th 2215/2240 call spreads for .20. Sold for 1.65 on Oct 7th.
SPX calls sold
#SPXcampaign Sold to Open $SPX Nov 17th 2215/2240 call spreads for 1.50, with SPX at 2146.
IBM puts
Replacing some that are expiring this week.
Sold IBM OCT 28 2016 152.5 Puts @ 1.50
Looking to roll some 149 calls out and up also…
EBAY earnings
Tony V brought me down…LOL Instead of messing around rolling the puts I’m taking the stock so:
Sold EBAY NOV 4 2016 29.0 Calls @ 0.91
Guess he’s making up for the huge BBY winner last time around…goal is to get out of EBAY as quickly as possible. Stayed small just for this reason…in case I had to buy the stock.
$SPX IC closed at 60%
Another IC closed this morning at 60% max profit.
BTC SPX Nov 4 2220/2210/2000/1990 for 0.40.
Sold this originally for 1.05.
I know it may seem like these are little amounts. Yes, only 0.65 minus commissions. These add up. I’m actually having one of my best months ever.
Thanks to @Jeff for getting me interested in $SPX spreads last year with the #SPXcampaign, and thanks to TT for helping me see that getting out at the 50% level is profitable for the long run.
Expired $SPX 10/19 2325/2210 BECS
Bought 9/30 @2.10
Options Expiration 10/19/16
#OptionsExpiration #SPXcampaign
Expiring today $SPX Oct 19th 2055/2080/2150/2175 iron condors, sold as a roll last Thursday for 5.25.
Daily Theta %
Do you guys ever look at daily theta as a percentage of net liq? TT recommends anything up to close to 1 percent on the high end with maybe one-fourth to one half of one percent as more normal. Checked mine and I’m at .46 of 1 percent…so just under one half of one percent. Seems reasonable I guess…feels like I could go higher but like having a nice cushion. These percentages according to TT should be attainable with only about a third of your account in the market at any time. I’ve never paid much attention to it but starting to watch it a little now.
EBAY
Sort of following Tony V. Bought 33/34 call spreads and financed by selling 30.5 puts for .07 credit
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY NOV 4 2016 81.5 Calls @ 0.90. Adding to my position.
Rolling TLT
Executed the following roll for .56 credit, reducing delta and bringing in more premium against short Nov 136 puts. This creates a Nov 136 straddle.
Bought to close $TLT Oct 28 136 calls @ .12 (sold for 1.00 on 10/5)
Sold to open $TLT Nov 18 136 calls @ .68
$DUST #ShortCalls – Sold DUST…
$DUST #ShortCalls – Sold DUST Oct 21 2016 45.0 Calls @ 0.15.
Sold these before the bid disappeared. These expire Friday
NFLX #earnings I rolled my…
NFLX #earnings
I rolled my Oct. 21 115 call to Dec. 16-120 call and bought a 140 call to help with margin, debit of .23. I will sell a put or two along the way.
$DUST
IC from yesterday 51/48/39/36 for 0.90, well price opened 38.40 falling fast. I closed the put side for a $1 loss. If the call side expires I’ll only loose 0.10. I needed a backup plan when I couldn’t simply short the DUST – none available.
$SVXY
Rolled my Oct 21st 75 Calls originally sold for 3.30 up and out to Nov 4th 80 strike for a 0.39 debit. This set the sell premium for the 80 call at 1.26. I’ll take assignment there. There was only 0.60 of time premium left on the 75 calls so I figured this was reasonable risk reduction rather than waiting until Friday . I may be early. I’ll know in 2 days.
$NUGT
sold covered call Oct 21 $15 call, net 14.25, yielding 5.26%, if it works out. I have begun to notice any of these weekly covered calls yielding over 3% seldom (never) work out – and the price falls more than the premium. I am trying another strategy: enter the trade and set a stop on security just below likely support, 0.10 to 0.20 below current price. I’ll let you know how it plays out.
$MAT #ShortPuts #Earnings – Sold…
$MAT #ShortPuts #Earnings – Sold MAT Oct 21 2016 28.0 Puts @ 0.20 with the stock at 30.59.
Hoping for a repeat of the $HAS move on earnings
NFLX, more calls sold
#Earnings Working around my short Oct 21st 115 calls… I did not sell puts, as I should have yesterday and today. On today’s surge I am adding calls: STO $NFLX Oct 28th 129 calls for .52.
Will get on the ball and add puts when I can.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY NOV 4 2016 81.5 Calls @ 0.80
The strike is well above the YTD high of 79.69 and only 12 more trading days until expiration
SPX call spread
Nov Wk4 STO SPX 2230/2255 sold for $1.30 when SPX at 2146
$SPX iron condor closed
BTC SPX Nov 18 2250/2240/1980/1970 for 0.80
Sold on 10/3 for 2.05.
Closed in keeping with discipline at 60%
NFLX rolled 85/90 BuPS to…
NFLX rolled 85/90 BuPS to 115/120 Oct 21@.90 credit. Thinking that this will hold the 120 level for 2 days. One caveat is the debate tonight which could move the market tomorrow.
NFLX #ShortCalls Sold $NFLX Nov…
NFLX #ShortCalls
Sold $NFLX Nov 18 135 calls @ .80 and .81. Offsets Nov 130 short puts so no margin requirement.
SPY Closed a SPY Nov….
SPY
Closed a SPY Nov. 18, 206/223 strangle for 1.31, sold for 2.40 a couple weeks ago, following in and out from TT
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts – Sold DUST Oct 21 2016 32.0 Puts @ 0.20 with the stock at 37.0.
These expire Friday
Closing more NFLX
Taking another position off into the strength. Bought to close $NFLX Oct 21 130 puts @ 8.00. Sold for 32.20 as a rollout on 9/12.
CMG calls
Tried getting sneaky yesterday and sold next week’s call a little early. Of course, Raymond James downgrades the stock with about a 275 price target and it immediately rallies 11 dollars. TT is right…those analysts are clueless and have no idea. I’m guessing Raymond James wanted to buy it so they tried downgrading it…LOL
I don’t want 2 of these so I : Bought to Close CMG OCT 21 2016 405.0 Call @ 3.20
I’ll take that out of the 8.50 received yesterday for the early sale and call it a 5.30 credit roll…LOL
FB I am tempted o…
FB I am tempted o sell the 130 calls expiring Friday against my longer dated Nov and Jan calls . Bid/ Ask is .97/1.00. Anyone else considering this?
$NFLX #ShortCalls – Sold NFLX…
$NFLX #ShortCalls – Sold NFLX Oct 28 2016 131.0 Calls @ 0.43 with the stock at 122.15.
I’ll pair these with some short Puts if I can find a reasonable premium
NFLX adjustment
According to John Carter, when a stock gaps up big on earnings like NFLX did, it tends to keep going for awhile (not sure if that’s true but seems reasonable).
After seeing his free video on this yesterday afternoon, I rolled my 115 puts up to 120 for Friday @ another 1.65 credit. This morning I rolled the 115 calls leftover from earnings out to Dec 4th 120’s for .05 debit. I’ll continue selling weekly puts against those…
$DUST #ShortPuts #OptionLadder – DUST…
$DUST #ShortPuts #OptionLadder – DUST falls, NUGT rises. My NUGT stock position is now above the strike 14 covered calls I sold last Friday and my NUGT 12, 12.5 and 13.5 short Puts for this week are out of the money.
I like where it’s sitting now so I sold the following for Friday’s expiration.
Sold DUST Oct 21 2016 35.0 Puts @ 0.40 adding to my position
Sold DUST Oct 21 2016 34.0 Puts @ 0.25
Sold DUST Oct 21 2016 33.5 Puts @ 0.20
Sold DUST Oct 21 2016 33.0 Puts @ 0.20
Earnings today
Not finding anything exciting, but interested in what anyone else is looking at.
2018 NUGT calls
$NUGT #ShortCalls Sold $NUGT Jan 19 2018 52 calls @ 2.50. Highest strike.
SPX extra calls sold
#SPXcampaign My call spreads for Nov 4th were already closed for profits, but since I still have some put spreads open, I sold an extra call spread to offset:
Sold to open $SPX Nov 4th 2185/2210 call spreads for 2.25, with SPX at 2141.
good morning. thanks to all…
good morning. thanks to all who gave me advice on NFLX.
Good morning
Another up day just grinding higher this morning. I sure would like a nice 200 point decline in the S&P so that we could get some volatility.
INTC #earningstrade Not an earnings…
INTC #earningstrade
Not an earnings trade by definition here but I bought a Nov. 18, 38 call for 90 and sold a Nov. 18 35 put for .32, thinking, of course, INTC continues up.
SPX puts closed
#SPXcampaign Bought to close $SPX Oct 28th 202/1985 put spreads for .2o. Sold for 1.30 on Sept 29th.
$DUST
Trying and iron condor expiring this Friday 51/48/39/36 for 0.90, I may short to cover if price continues toward 39.
ISRG earnings
#Earnings Eneded up with two 650 puts (2.15) and two long 600 puts (.25), so put spreads for 1.90.
CMG short call
This week’s 405 looks pretty safe. Selling next week.
Sold CMG OCT 28 2016 410.0 Call @ 8.50
Earnings next week and with an ITM 430 put figured I better sell an aggressive call to help out. Could go anywhere when they announce.
Anyone doing an ISRG trade…
Anyone doing an ISRG trade for earnings?
$DUST #ShortPuts #OptionLadder – Sold…
$DUST #ShortPuts #OptionLadder – Sold DUST OCT 21 2016 34.5 Puts @ 0.20 with the stock at 41.31
These expire Friday
NFLX Followed from TT Oct…
NFLX
Followed from TT
Oct 21 113/118/118/123 for 3.05 credit profitable between 115 and 121, risk 193 to make 307, somewhat risky
IBM
Trying another Fuzzball trade.
BTO 2018, 120 call @31.90
STO 2018, 120 put @6.00
STO October 21, 150 calls @1.70
FB rolled Oct 125 C…
FB rolled Oct 125 C to Nov 130 C@.05 debit. Wanted to catch the earnings move with another month of time. Earnings Nov 2.
Reducing NFLX exposure
Finally able to take some positions off after a long time of rolling and maneuvering.
Bought to close the following near the open today.
$NFLX Oct 21 115 puts @ 1.80–sold for 29.27 as part of a rollout on 7/22
$NFLX Oct 21 120 puts @ 4.25–sold for 24.17 as part of a rollout on 8/23
$NFLX Nov 18 115 puts @ 3.85–sold for 21.35 as part of a rollout on 9/26
IBM adjustment
Similar to NFLX….
Original position was 149/160 strangles @ 2.19. Sold weekly 149 calls @ 1.01 replacing the worthless 160 calls.
New position is 149 straddles @ 3.20. And now we wait and let theta do it’s job!
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts – Sold DUST OCT 21 2016 35.0 Puts @ 0.20 with the stock at 41.24
These expire Friday
NFLX adjustment
Tied up on an airplane this morning (not literally…LOL). Taxiing in right at the open made a couple adjustments.
Trade was originally 90/115 strangles @ 2.41. Since I don’t mind keeping this for awhile I sold 115 puts for this Friday @ 1.50. These replace the worthless 90 puts and add quite a bit to the bottom line.
Position now is 115 straddles for Friday @ 3.91. Plan now is to wait and see. Might get lucky with the 115 strikes. If not, I’ll roll the ITM side out and up (or down) and continue selling weekly puts (or calls) against them. Continuing with TT experiment of keeping almost perpetual (small) positions on some popular stocks and just letting the market tell me what to do. Love it so far! Great premium with small margin.
Similar positions in CMG EWW GLD IBB IBM IWM REGN TLT WYNN XLE and will add APPL with an earnings strangle.
NUGT short calls
Sold $NUGT Jan 20 2017 24.00 calls @ 1.00
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts – Sold DUST OCT 21 2016 35.5 Puts @ 0.20
These expire Friday
ISRG earnings
#Earnings Sold to Open $ISRG 650 put for 2.15. Biggest UP move: 17.7% , Biggest DOWN move: -11.5% , Average move: 6.3% . This trade is 8.6% OTM. I will probably add to this, and also buy 600 puts for disaster protection. -11.5% done move was in April 2014 and the lat time ISRG moved down big.
ILMN
BTC ILMN Oct21 130/135 BuPS @ 0.15, sold for 1.15 last week
GS trade
#Earnings For the Iron Butterfly, your max loss is small if the Stock moves up or down too much for your trade to work. With expiration on Friday, we have 4 days for price to settle back to 170 giving us max profit. Right now, the trade is closable for breakeven. It is okay to do that, but in my view isn’t the point… you accepted the small max risk and should be okay taking that loss on Friday is we don’t return to 170. IB’s are thread-the-needle type trades that require patience.
I am waiting and watching for a cheaper exit between now and Friday’s close.
