Following all of you. STO January 2018, 60 call @7.20 on 1 contract.
Recent Updates Page 476
UVXY call
#VXXGame Followed @Ramie, STO UVXY Jan 2018 60 call for 7.10.
AZO condors closed
#Earnings Bought to close $AZO 680/690/800/810 iron condors for .20. Sold for 2.00 on Sept 21st.
I have an additional naked strangle at the same short strikes. I have orders in to close each option at .20; thought those orders would fill before the condor.
#VXXGame adding Sold $UVXY Jan…
#VXXGame adding to positions
Sold $UVXY Jan 19 2018 60 call @ 7.00
Sold $UVXY Dec 16 2016 55 calls @ 1.30
Downside Warning fired
Downside Warning fired
VIX Indicator and SPX Chart updated
#VIXIndicator We are set to open with VIX above 16.53, which will fire a Downside Warning. Keep on guard for further volatility in the coming days or weeks.
Trades
STO $SPX 11/11 1965/1990 BUPS @ 1.35
STO $UVXY 10/21 19 calls @ .38
STO $LOCK 11/18/ $17 straddle
BTO $FB 11/18 130 call
Closed Early
$SPX 11/4 2260/2235 BECS @ 81% profit
$SPX 10/21 2250/2225 BECS @ 92% profit
$NFLX 10/21 95 call @ 10.35 STO @ 8
Rolled
$NUGT 10/21 18 put to 10/28 19 put for 1.01 added profit (But gold must go UP) or roll we must
ILMN puts
Sold $ILMN Dec 16 110 (delta 10) puts @ 1.25.
$SVXY
Taking some risk off prior to FOMC release. Bought to close Oct 21st 60 Puts @ .35. Originally sold for 1.30.
REGN roll
Pretty aggressive (crazy? 🙂 ) here….rolling un-threatened call down into congestion for additional premium.
Rolled next week’s 410 call down to 380 @ 5.20 credit. This is against a 380 put…
Current position is 380 straddle @ 15.10. Have to see where she goes next week and adjust accordingly.
WYNN…still selling
Sold WYNN OCT 21 2016 100.0 Calls @ 1.30
Still selling weeklies against in the money puts. Similar to a covered call trade. Plan is to roll the puts out and down next week and keep selling the calls.
Position is now Oct monthly 108/100 inverted strangle @ 13.77 credit received.
Let’s say WYNN doesn’t get back to 108 for a year. Selling weeklies @ 1.25 a week for a year would bring breakeven down to about 30 bucks. The power of the weekly! Not bad for margin of 1300 per strangle….
Interesting Article on Seeking Alpha.
http://seekingalpha.com/article/4011685-equity-market-never-send-human-machines-job?app=1&auth_param=8ssr3:1bvslkb:39d4569bd406de4f41f25735638bd0f6#alt2
$GILD #ShortPuts #FallingKnife – Sold…
$GILD #ShortPuts #FallingKnife – Sold GILD Nov 18 2016 65.0 Puts @ 0.59 with the stock at 73.28
$UVXY #ShortCalls #ClassicVXXGame – Sold…
$UVXY #ShortCalls #ClassicVXXGame – Sold 1 Jan 19 2018 60.0 Call @ 6.25 with the stock at 17.23
Econ Calendar week of 10/10/16
Okay, this is much too late to be posting this. I’ve set a weekly reminder so I won’t forget!
ILMN
STO ILMN 21Oct16 130/135 BuPS @ 1.15
Good morning
I see support on the SPX at 2120 so I am waiting to see if we bounce from there or go through that level. Right now I am agnostic about the market
SPX call spreads closed
#SPXcampaign Bought to close $SPX Nov 4th 2235/2260 call spreads for .20. Sold last week for 1.40.
AMZN I know some of…
AMZN
I know some of us have been counting on some sort of meaningful correction. I’d like to point out that as soon as I closed an AMZN call spread, AMZN stopped going up, the market had a nice down day yesterday, it’s looking like another today. Yes-I can move markets!
VIX Indicator and SPX Charts have been updated
The VIX came within .06 of firing a second signal today. This does not mean that if it had done that, there would be a much greater chance of a correction… it’s just sticking with the rules and trading by them. No Warning yet means remain cautious but continue the #SPXcampaign as normal… sell both call and put spreads, roll if stops are hit, and close for 80-90% of max profit.
SPX condor roll sold
#SPXcampaign #CondorRoll
Sold to Open $SPX Nov 11th 1900/1925/2225/2250 iron condors for 2.00. This is a roll from earlier stopped spread, at 1.5x position size.
SVXY Sold Nov. 11 60…
SVXY
Sold Nov. 11 60 put for 2.00
UVXY Whaddya think about this?
Didn’t do it but seemed interesting for a cash secured account. Long term practically guaranteeing 30 percent annualized….
Sell Jan 2018 5/10 Bear call spreads @ 1.40.
Figure there’s got to be a split or two between now and then so probably could close early….
$SPX iron condor
Went a little further out to Nov 25 at 44 DTE, but premium is pretty juicy today.
STO Nov 25 2230/2220/1980/1970 @ 2.25
Will look to manage at 60% max profit as usual.
Playing the original Iceman #VXXGame…
Playing the original Iceman #VXXGame
Sold $UVXY Jan 19 2018 60 call @ 6.20. Will look to add if and when the premium goes up by $1 or if higher strikes get added.
SPX puts stopped
#SPXcampaign This one hit the 3.00 stop level: Bought to close $SPX Nov 4th 2050/2025 put spreads for 2.80. Sold last Friday for 1.85. Will look to roll today or tomorrow.
DAL Double Calendar
BTO Oct 14/Oct 21 DAL 37.5 P & 40 C for $0.37 pp.
This is a double Calendar 
$UVXY #ShortCalls – as the…
$UVXY #ShortCalls – as the stock punched through 17 I sold the following:
Sold UVXY Oct 14 2016 21.5 Calls @ 0.24 – these expire Friday
Sold UVXY Oct 14 2016 22.5 Calls @ 0.18 – these expire Friday
Sold UVXY Oct 21 2016 30.0 Calls @ 0.18
Sold UVXY Oct 28 2016 40.0 Calls @ 0.14
Sold UVXY Nov 4 2016 35 Calls @ 0.39
EWW first time ever
Been watching this for awhile and have been wanting to do something in it. Just missed selling puts on it before the first debate so trying something different.
Sold EWW NOV 18 2016 46.0/54.0 Strangles @ 1.32
VIX call spreads
Trying something a little different….
Sold VIX DEC 21 2016 20.0/25.0 Bear call spreads @ .80
$SVXY STC Oct 17 $75C…
$SVXY BTC Oct 17 $75C for 0.90, sold 10/6 for 1.90
edit BTC, not STC
$UVXY STC Oct 14 $18.5P…
$UVXY BTC Oct 14 $18.5P for 2.10, sold 9/29 for 3.06
also BTC Oct 14 $15.5P for 0.40, sold yesterday 0.95
edit STC, thanks Jeff.
SVXY
STO March 2018, 40 puts @2.55
/ES hedge adjustment
Sure looks like some technical damage today. Rolling my covered put out and down for a nice credit. Selling it about where the descending 20ma could be when we bounce. Raising basis AND increasing downside profit potential. Still have the option of rolling the put up for additional credit on any rally.
Bought to close /ES OCT 16 (Wk3) 2155 PUT @ 34.50
Sold /ES NOV 16 (Wk3) 2140 PUT @ 44.50
The short emini basis is now up to 2189.0 after selling some earlier weekly puts against it. That’s the new breakeven against the new 2140 put so max gain is now up to 49 points to the downside.
UVXY calls
Sold $UVXY Oct 21 27 calls @ .20
#VXXGame – $VIX is up…
#VXXGame – $VIX is up 2 points and $UVXY is up 10%. That is when I start putting in sell orders …..
UVXY risk management
These aren’t getting hit too bad today but another down day tomorrow and volatility could really get cranking again. Gonna book these just because it seems like the right thing to do…LOL
Bought to Close UVXY OCT 21 2016 25.0/35.0 Bear calls spreads @ .19 (sold for 1.65)
$UVXY
STO Oct 28 $27 calls @ $0.40
UVXY call spreads
Replacing some I closed yesterday…starter position:
Sold UVXY JAN 20 2017 25.0/35.0 Bear call spreads @ 1.00
DUST…joining in
TDA has removed this ticker from portfolio margin calculations so naked is way too risky for me now. I’ll spread it and give it plenty of time…and staying small enough to be able to widen and add for a credit roll if this thing gets way in the money.
Sold DUST DEC 16 2016 60.0/70.0 Bear call spreads @ 2.05
$UVXY
Nibbled,
STO Oct 28 $25 calls @ $0.50
STO Oct 21 $22 calls @ $0.45
GLD adjustment
Current position was 123 Oct monthly short straddles @ 2.48 (this was previously adjusted from a strangle). Making some small moves on it today to collect more premium.
Rolled 123 puts out to Nov 122 @ .12 credit
Rolled 123 calls down to 120 @ .83 credit (staying in Oct)
SVXY puts
Bought to Close SVXY OCT 21 2016 50.0 Put @ .15 (sold for 2.50)
Bought to Close SVXY OCT 21 2016 55.0 Put @ .25 (sold for 2.50)
Then:
Sold SVXY NOV 18 2016 50.0 Put @ .80
Sold SVXY NOV 18 2016 55.0 Put @ 1.40
IBB puts
In the #IRA ….selling at the 200ma and lower:
Sold IBB Nov 18 2016 270.0 Put @ 6.50
Sold IBB Dec 16 2016 260.0 Put @ 6.40
Sold IBB Jan 20 2017 250.0 Put @ 6.60
Closing VRTX
Bought to close $VRTX Oct 21 75 puts @ .45. Sold for 1.30 on 9/14. With the stock in a pronounced downtrend I figured I’d take the 65% of max profit off the table instead of waiting around to see if it keeps going to test the strike price.
$SVXY
Sold 1 Oct 28th 60 Put @ 0.70 when SVXY hit $73.04 while I was out walking the pupster.
Adding DUST calls
Sold $DUST Nov 4 70 calls @ 2.00
SPX put spreads sold
STO Nov 11 1990/1965 puts @ 1.40 when SPX @ 2148
FB covered puts
#ShortStock #CoveredPuts #Earnings #Rolling some $FB positions…
BTC FB Oct 14th 125 put for .07. Sold for 1.10 on Sept 16th.
BTC FB Dec 90 put for .11. Sold for 2.68 on June 15th.
STO FB Oct 28th 127 put for 1.11
$DUST STO Oct 14 $50…
$DUST STO Oct 14 $50 call for $2.60 half an hour ago, covered.
$DUST #ShortCalls – Sold DUST…
$DUST #ShortCalls – Sold DUST Oct 14 2016 61.0 Calls @ 0.40. These expire in 4 days
SPX calls closed
#SPXcampaign Bought to close $SPX Oct 28th 2230/2255 call spreads for .20. Sold for 1.30 on Sept 27th.
DUST call
#ContangoETFs Sold to Open $DUST Oct 14th 55 call for 1.25. Expires this Friday.
DUST calls
Sold $DUST Nov 18 70 calls @ 3.20. Highest strike in Nov.
$BMY #ShortPuts #FallingKnife – Sold…
$BMY #ShortPuts #FallingKnife – Sold BMY Nov 11 2016 45.0 Puts @ 0.39.
SPX puts sold
#SPXcampaign Sold to Open $SPX Nov 11th 2000/1975 put spreads for 1.30, with SPX at 2156.
SPX calls closed
#SPXcampaign In Pre-Market, bought to close $SPX Oct 14th 2185/2210 call spreads for .80. Sold for 7.60 on Sept 28th. I’m nearing the end of my ITM rolling, recouping all losses from a few spreads that went completely ITM over the summer.
$SVXY
It’s good to be back home. Spent a week in New Mexico, took in some of the balloon fiesta and visited relatives. Unfortunately, I had very little market access all week. Fortunately, there wasn’t a lot to do. Since I knew I would not get home until after the market closed today, I entered an order over the weekend to replace my covered calls that expired on friday. Got a fill today right at the open. Guess I had my limit set too low.
STO Oct 14 $75 call @ $1.95
With the move that $SVXY made today, obviously that wasn’t a great fill. But this has been a nice little trade so I’ll take it. Who knows what will happen by friday.
Boring day…
…but interesting that VIX has been flat all day despite the indices all up significantly. I still don’t feel that new highs are in the cards without first having a deeper dip than we got in September.
IBB strangle
Adding a new one to my stable of strangles…
Sold IBB NOV 18 2016 265.0/310.0 Strangle @ 5.15
TWLO PMCC
I closed my $TWLO poor man’s covered call. I had bought a TWLO 20jan17 55 call and was selling weekly calls against it. The party ended with the company announcing it was doing a secondary offering of the stock and the shares tanked after hours on Friday and continued to spiral down today. I lost 3.98 on the trade, but since I was experimenting with it I only had one contract so not a devastating loss. Good experience and I may try some of these again when the market is in a healthier place.
BMY
STO January 45 puts @1.14
Simpler Trading founder John Carter…
Simpler Trading founder John Carter provides an historically informative and operationally instructive free seminar in the link below “Trade the Election 2016” it’s apolitical and a welcome relief from current events…whew!
http://tinyurl.com/jhqtty2
This Chart shows which is…
This Chart shows which is the best strategy when the IV is rising, steady or dropping.
AMZN
On Sept 22 I sold an 850/860 October 21 call spread for about 1.00 AMZN was at 794, top of the BBs, should be OK. Today it is at 843, within the BBs, a PE of 209! I closed it, losing $260, not going to watch it go up every other day, thinking it won’t go to 850 in the next 2 weeks and lose $1,000.
UVXY call spreads
Bought to Close UVXY OCT 21 2016 40.0/50.0 Bear call spreads @ .02 (sold for 1.00)
Only a starter position that I never got a chance to add to…
SPX calls sold
#SPXcampaign Sold to Open $SPX Nov 11th 2240/2265 call spreads for 1.55, with SPX at 2169.
$CUDA
Earnings this week. Stock beat earnings last two quarters.
Order in to
STO 10/21 22.50 puts @ 1.05
SPX puts sold
#SPXcampaign STO Nov 4 2220/2245 call @ 1.60, SPX @ 2168, coupled with SPX Nov 4 2000/1975 put @ 1.40 sold on Oct 4 now an iron condor.
SVXY
BTC Nov 21 55 puts @ .20, sold on Sep 9 @ 2.50 with 88% profit.
SVXY
A partial fill on my bid. BTC October 21, 45 puts @0.05 with ten days to go before expiration. I still think we have a chance to get up to 90.
The market going up today
The market going up today
$SPX iron condor — an extra
Took an extra SPX iron condor for a Wednesday expiration. Don’t usually do those but looked good.
STO SPX Nov 9 2250/2240/2010/2000 @ 1.20.
Expired 10/7
$SVXY 45 put
Closed Early 10/7
BTC $NFLX 110 call @ 3.98 Sold @ 1.66 as part of strangle with 85 put
BTC $NUGT 1/20/2017 37 call @ 4.00. Sold @ 23.50 6/29
Assigned $ULTA @ 240 from 235.240 BUPS expiring while I was not WATCHING
Trades 10/7
STO $SVXY 1/20/2017 45 put @ 2.20
STO $SPX 10/28 2225/2200 BECS @ 3.80
STO $SPX 11/4 2240/2215 BECS @ 1.60
Options Expiration
$SVXY $45 Puts
$SVXY $50 Puts
$SVXY $75 Call – covered call need to replace on Monday
$UVXY $24 Calls
$UVXY $30 Calls
$UVXY $35 Calls
$UVXY $40 Calls
