$SVXY Oct 10 65 put…light week
Recent Updates Page 477
Options Expiration 10/7/16
–Expiring–
$FB 125 covered put
$NUGT 23 and 30 calls
$SPX 2190/2215 call spreads, sold last Friday for 3.50
#OptionsExpiration for Oct 7 Only…
#OptionsExpiration for Oct 7
Only 2 expirations today:
$DUST 10/07/2016 60.00 calls
$UVXY 10/07/2016 40.00 calls
No assignments.
#OptionsExpiration #Weeklys #Oct07 – another…
#OptionsExpiration #Weeklys #Oct07 – another profitable week except for some $NUGT puts I had to roll at the last minute.
I’m choosing to let some of my $SVXY stock go partly because it’s still my biggest long position and partly because of the high premium received when selling the calls. The premium now becomes part of my long term capital gain on the stock.
— Expirations —
CF (Weekly) Oct 7 2016 30 Calls (Covered)
FCX (Weekly) Oct 7 2016 9.5 Puts
NUGT (Weekly) Oct 7 2016 11 Puts
SVXY (Weekly) Oct 7 2016 40 Puts
SVXY (Weekly) Oct 7 2016 75 Calls (Covered)
SVXY (Weekly) Oct 7 2016 80 Calls (Covered)
UVXY (Weekly) Oct 7 2016 23 Calls
UVXY (Weekly) Oct 7 2016 23.5 Calls
UVXY (Weekly) Oct 7 2016 26.5 Calls
UVXY (Weekly) Oct 7 2016 27 Calls
UVXY (Weekly) Oct 7 2016 27.5 Calls
UVXY (Weekly) Oct 7 2016 28 Calls
UVXY (Weekly) Oct 7 2016 28.5 Calls
UVXY (Weekly) Oct 7 2016 30 Calls
UVXY (Weekly) Oct 7 2016 40 Calls
— Assignments —
NUGT (Weekly) Oct 7 2016 13 Puts
NUGT (Weekly) Oct 7 2016 16 Puts
SVXY (Weekly) Oct 7 2016 64 Calls (Covered)
AZO…anybody still in?
2 weeks to go….still need ‘er a little lower.
SPX calls closed
#SPXcampaign Bought to close $SPX Oct 19th 2210/2235 call spreads for .20. Sold last Friday for 2.10.
$NUGT #CoveredCalls = Sold NUGT…
$NUGT #CoveredCalls = Sold NUGT Oct 14 2016 14.0 Calls @ 0.25 against stock I’m choosing to acquire via some strike 13 Puts this afternoon.
$GLD and $GDX are now both up slightly on the day.
DIA
followed from TT Nov. 18 iron fly 170/182/182/195 for 5.76
REGN roll down
Oct monthly 380/440 strangle originally sold for 7.50. Rolling down the un-threatened side to resistance.
Rolled 440 calls down to 410 for 2.37 credit. New position is now 380/410 strangle @ 9.87
WYNN
Still adjusting and still bringing in premium. I may never close some of these positions…LOL
Rolled 108 short puts out 2 weeks @ .20 credit.
Against those:
Sold WYNN OCT 14 2016 100.0 Calls @ 1.02
Replacing 98’s expiring today. The 98’s were a roll down from a little higher to capture even more premium. (2.21 to be exact) By rolling the ITM puts out I can now sell 2 sets of weeklies against them. Earnings on the 27th so premium should start increasing in that expiration.
SPX call spread sold
#SPXcampaign Sold to Open $SPX Nov 4th 2215/2240 call spreads for 1.65. Tried selling the 2220 short spread this morning for 2.00 on the pop up, but missed the fill and watched my dreams dissolve away.
Next week I’ll be selling Nov 11th spreads, starting with calls first thing Monday.
GS short calls
Rolling 165 out 2 weeks and up to 167.5 @ .05 debit. Continuing to sell against a long term bullish position. Gradually reducing basis…
$SVXY #coveredcallCalls #Rollup – Bought…
$SVXY #coveredcallCalls #Rollup –
Bought to close SVXY Oct 7 2016 74.0 Calls @ .93 – sold on a rollup last Friday @ 2.25
Sold SVXY Oct 14 2016 76.0 Calls @ 1.21
Gained 2 points on the strike price plus another 0.25 in cash while extending my holding period only one more week.
$SVXY #ShortCalls #Rollup – I’m…
$SVXY #ShortCalls #Rollup – I’m short Calls each week in this account against my remaining long position. This week’s Option is at a nice gain so I’m rolling it into a week that I have no position in.
Bought to close SVXY Oct 7 2016 73.5 Calls @ 1.63 – sold on a previous rollup at 5.66
Sold SVXY Nov 18 2016 79.0 Calls @ 4.53
Gained 5.5 points on the strike price plus another 2.90 in cash per contract.
Next week’s contract is a strike 74 call sold at 8.70 on another rollup. I can always allow an assignment against my long term stock holding when I think the market is done rising.
/ES covered put
Rolled this week’s 2165 covered put out to the monthly 2155 for 5.75 credit. Raising basis and making a little more room for some downside.
Whew….
Survived the hurricane now back and set up for the last hour. Only time for some rolls today…
$DUST #ShortCalls #LEAPS- Sold DUST2…
$DUST #ShortCalls #LEAPS- Sold DUST2 (20 sh contract) Jan 19 2018 30.0 Calls @ 2.00.
Thanks Ramie for the idea.
$UVXY #ShortCalls – since my…
$UVXY #ShortCalls – since my #OptionLadder for this week is expiring I sold all these for next week with the stock trading at about 16.40.
Sold UVXY Oct 14 2016 25.0 Calls @ 0.13
Sold UVXY Oct 14 2016 26.0 Calls @ 0.13
Sold UVXY Oct 14 2016 26.5 Calls @ 0.13
$NUGT #ShortPuts #RollOut #IRA -…
$NUGT #ShortPuts #RollOut #IRA – Another roll
Bought to close NUGT Oct 7 2016 12.0 Puts @ 0.05 – covered since they went in the money today
Sold NUGT Oct 14 2016 10.5 Puts @ 0.25
$NUGT #ShortPuts #RollOut #IRA -…
$NUGT #ShortPuts #RollOut #IRA – started the process of rolling out my NUGT puts expiring today
Bought to close NUGT Oct 7 2016 13.0 Puts/Sold NUGT Oct 14 2016 12.0 Puts for a 0.10 Credit.
Added a week to my holding period but gained a point on the strike price plus a little cash.
$DUST STC Oct 7 $50…
$DUST STC Oct 7 $50 call for 0.15, sold yesterday $2.95, look for next weeks calls to sell, unless stock rallies over $50 again.
Quick SPX Analysis
https://www.tradingview.com/x/GUcBOfqA/
Forming triangle pattern in the short term, Supports
(1)First downside support at 100 days MA @2138 if breaks
(2) then next support at 2089 (which is 50% Fib retracement from BREXIT low 1998 to high 2191) if breaks
(3) 200 days MA at 2065
Just my 2 cents view…
SPX call spread closed and iron condor closed
BTC Oct 21 2200/2210 for 0.60. Sold this 2 days ago for 1.45. That’s 58% max profit, close to my 60% ideal.
BTC Nov 4 2240/2230/2000/1990 for 0.75. Sold this for 1.85 on 9/26. That’s 59% max profit. Again, close to my 60% ideal.
Too many times I’ve tried to hang in there to collect it all, only for things to go sour and have to roll or chase or just plain lose money. Will continue to close these spreads in this way as long as it’s making me good money.
SPX Put sold
#SPXcampaign STO $SPX Nov 4th 2020/1995 put spreads for $1.50 when SPX at 2145
$NUGT STC todays 13 put…
$NUGT STC todays 13 put for $1.70, bought for 0.05 as part of losing 17/13 BuPS, so some recovery from max loss.
DUST closed and sold calls
#ContangoETFs
BTC $DUST Oct 7th 50 call for .50. Sold for 1.475 (avg price) on Tuesday.
STO $DUST Oct 21st 60 call for 2.00.
Still have another 50 call that’s expiring today. Will look to close or roll as day progresses.
SVXY
In my IRA, STO January 45 puts @ 2.20
SPX calls closed
#SPXcampaign Bought to close $SPX Oct 28th 2235/2260 call spreads for .20. Sold for 1.25 on Sept 28th.
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT OCT 14 2016 11.0 Puts @ 0.45, replacing the puts I just covered for this week.
$NUGT #ShortPuts – Bought to…
$NUGT #ShortPuts – Bought to close all my NUGT Oct 7 2016 12.0 Puts @ 0.05. They can’t trade any lower and I don’t trust the stock to stay up all day.
SPX puts sold, calls closed
#SPXcampaign Sold to Open $SPX Nov 4th 2050/2025 put spreads for 1.85
Bought to close $SPX Oct 20th 2225/2250 call spreads for .20. Sold for 1.55 on Sept 19th.
The market is tanking
The market is tanking
GS
Rolled my 165 calls that expire today out to October 21, 167.5 calls for a credit of 1.20
Jobs Results
156,000 non-farm added in September.
Unemployment rate up to 5.0%, as numbers added to both employed and unemployed (job participation went up slightly).
VIX Indicator and SPX Chart have been updated
Have a great jobs Friday everyone!
Some Trades
STO
$SPX 11/4 2260/2235 BECS @ 1.20
$SPX 11/4 1985/2010 BUPS @ 1.20
$DUST 12/16 60 call
$NUGT 10/21 12 put
$OPHT 10/21 45 put
BTC
$NUGT 11/4 29 call @.10 Sold 9/29 @ .80
$NUGT 1/20/2017 50 call @ .50 Sold 7/29 @ 31.50
$SPX 10/14 2245/2220 BECS @ 83% profit
$SVXY 1/20/2017 30 put @ .60 Sold 1/11 @ 6.60
SVXY
STO January 45 puts @2.05
Taking off some more NUGT calls
Continuing to take positions off near max profit to reduce exposure.
Bought to close $NUGT Nov 18 21 calls @ .40. Sold for 3.95 on 8/30.
Bought to close $NUGT Dec 13.60 calls @ 2.00. Sold for 20.60 as a rollout on 8/3.
$DUST calls–1 day trade
Sold $DUST Oct 7 60 calls @ .50 with the stock at 50.07. Expires tomorrow.
UVXY and NUGT
Had some GTC orders fill:
Today BTC UVXY Oct21’16 35 CALL @ 0.10, sold for 2.40 on 9/9/16.
Yesterday BTC NUGT Oct28’16 21 CALLS @ 0.20, sold for 1.20 on Monday.
UVXY call closed
#VXXGame Bought to close $UVXY Dec 55 call for .86. Sold for 4.40 on Sept 13th.
SPX puts sold
#SPXcampaign Sold to Open $SPX Oct 19th 2100/2075 put spreads for 2.75. This is an extra spread to offset my call spread with the same expiry. I will stop and roll if we break the Sept 12th low of 2119.
SPX calls closed
#SPXcampaign Bought to close $SPX Oct 20th 2225/2250 call spreads for .20. Sold for 1.55 on Sept 19th.
Karen SuperTrader saga
Here’s a link to the SEC’s response to request for dismissal. Interesting to read at least the intro in the continuing saga of a revered trader who was allegedly perpetrating fraud.
https://www.yumpu.com/en/document/view/56010098/mtd-opposition-10032016
TWTR
TWTR 11/18/2016 17.00 Put sold for $0.64
Open Action
TWTR sinking on rumors; Gold, NUGT sinking further, Bonds sinking further.
What will the jobs data do to this market tomorrow?
VIX indicator and the SPX…
VIX indicator and the SPX chart have been updated
SPX call spreads sold
#SPXcampaign STO $SPX Oct 28 2205/2230 put spreads @ 2.85 got in a little later than jeff and moved 5 pts up with SPX @ 2160. Makes this an Iron Condor with 2000/1975 put spreads 1.35 sold Sep 26.
Thanks, Jeff.
NUGT-a current picture of volatility drag
Volatility drag, volatility tax, slippage or whatever else we call it shows up in leveraged ETFs and becomes more apparent the longer the timeline. But the recent implosion in $NUGT is allowing us to see how this effect can play out in a shorter time window:
Using the instrument from which $NUGT is derived, $GDX, if you measure the % gain it would have to achieve to get back to its highs (from around 23.70 right now to about 31.80 on 8/11-8/12) it calculates to around 34%.
If you take 3x the 34% (=102%) that would only get $NUGT back to around 26.25, nowhere near its corresponding high from 8/11-8/12 of 35.80. For NUGT to get back to its August highs from its current level around 13, it would need to add 175%.
This is one of the reasons I’ve been aggressively selling calls at strikes near the August highs on big moves up. It will be very difficult (and will require a much bigger corresponding move in gold and the miners) for $NUGT to challenge old highs.
SPX calls sold
#SPXcampaign Sold an extra call spread above all time highs:
Sold to Open $SPX Oct 28th 2200/2225 calls for 4.50, with SPX at 2163.
$NUGT closing my BuPS Oct…
$NUGT closing my BuPS Oct 07 17/13 for complete loss.
What if’s? From cnbc…a plan…
What if’s? From cnbc…a plan that would bring “2.5 trillion in corporate cash comes home” http://tinyurl.com/zaul7zj brokered by S&P Global.
SPX call spread sold
Nov wk1 SPX 2225/2250 call spread sold for $1.60 when SPX at 2161
Closing some NUGT weekly calls early
Bought to close $NUGT Nov 4 29.00 calls @ .10. Sold for .85 on 9/28.
Bought to close $NUGT Nov 11 29.50 calls @ .10. Sold for 1.00 on 9/30.
Something different!
Looking for something different and saw these two trades on TT. Plays on fading the energy sector.
Broken wing butterfly with XLE and sort of a broken wing iron condor with XOP.
I’m modifying the XOP iron condor for 42/40/40/39 for Nov expiration. This places the breakeven point above the 52-week high for XOP. Sold for 1.20 credit. Max possible loss is 0.80.
The XLE broken wing is interesting, but I’m gonna pass on that one.
Waiting for higher DUST strikes
In the meantime, I just sold some of the pre-split in Jan 2018, at the highest strike available (30, or the equivalent of 150 post-split with DUST at 48.50.
Sold $DUST2 Jan 19 2018 30.00 calls @ 1.50
SVXY
With 16 days to go, BTC October 21, 40 puts @0.05. Sold @ 1.05
SPX calls closed
BTC SPX Oct 7 2195/2205 for 0.20. Sold last week for 0.90.
Closing early as I don’t trust this market in either direction.
77% max profit, so what’s not to like about that anyway!
SPX puts closed
#SPXCampaign BTC $SPX Oct 14 2035/2010 puts @ .20 sold on Sep 26 @ 1.35.
$NUGT #ShortPuts – GLD is…
$NUGT #ShortPuts – GLD is actually flat on the day and GDX is only off a few cents after it’s morning rally failed.
Sold NUGT Oct 21 2016 10.0 Puts @ 0.55
Sold NUGT Nov 18 2016 9.0 Puts @ 0.85
The importance of Monday morning premium
#SPXcampaign On Monday in the first hour of trading, the market was down less than half a percent. I sold the Nov 4th 2235/2260 call spread for 1.40 on an uptick to 2162. 33 days until expiration.
In the first hour today, 31 days to expiration, our intraday high was just below 2162. The same spread topped out at about 80 cents.
I have seen this constantly with call spreads… Monday morning premium is highly elevated, and drops quickly by Monday afternoon. Provided there are no large moves in SPX, theta makes quick work of the premium. This is less dramatic with put spreads, and I have not tested it as much with different expirations (just the 30-35 DTE range).
This is why that I sold that call spread even though the market was down.
$NUGT #ShortPuts – sold these…
$NUGT #ShortPuts – sold these when NUGT broke back under 13 after it’s small morning rally –
Sold NUGT Oct 7 2016 11.0 Puts @ 0.30 – these expire Friday
Sold NUGT Oct 28 2016 10.0 Puts @ 0.70
Sold NUGT Nov 4 2016 10.0 Puts @ 0.90
$NUGT #ShortCalls – Bought to…
$NUGT #ShortCalls – Bought to close NUGT Dec 16 2016 52.0 Calls @ 0.05. They can’t trade any lower.
Sold on 8/26 @ 1.45.
Concerned about Deutsche bank? Here…
Concerned about Deutsche bank? Here is an interesting article…
http://tinyurl.com/zr3feex
VIX Indicator and SPX Chart…
VIX Indicator and SPX Chart have been updated
DUST added
#ContangoETFs Added another DUST Oct 7th 50 call, sold for 1.85 right before bell, at the high of the day.
$GOOGL iron condor
Oct 21 850/840/765/755 IC for 1.02.
This expires before earnings. Sold as separate legs as it didn’t want to sell as the iron condor itself.
Both legs are outside the expected move as shown on Dough.com. Expected move at this time is between about 786 and 823.
SPY VXX DDD GPRO Sold…
SPY VXX DDD GPRO
Sold a VXX Oct 7 33 put for .38. may close it today.
followed from TT-sold a SPY Nov. 18 223/206 strangle for 220.
Rolled Oct. 21 DDD covered 18 call to Nov. 18, 19 call for .47 credit
Closed Oct. 14 GPRO covered 20 call for .15, sold for .30 doing a favor for those playing GPRO short, accepting donations
$NUGT #ShortPuts #IRA –NUGT continues…
$NUGT #ShortPuts #IRA –NUGT continues to fall. Now below 13.
NUGT OCT 7 2016 11.0 Puts @ 0.25
NUGT OCT 14 2016 11.0 Puts @ 0.55
NUGT OCT 28 2016 10.0 Puts @ 0.60
#SPXcampaign BTC SPX 2190/2215 BeCS…
#SPXcampaign BTC SPX 2190/2215 BeCS OCT7 2016 for 0.30 sold it on 9/30 for 3.55. Thank you Jeff for the idea
$UVXY
Nibbled STO $UVXY Oct 14 $22 calls @ $0.45
Closing NUGT calls
I’m using this rather dramatic move to get out of some positions at near full profit, freeing up a bunch of buying power and lowering my upside risk.
Bought to close $NUGT Oct 21 25.00 calls @ .06. Sold for 1.51 on 8/30.
Bought to close $NUGT Oct 28 30.00 calls @ .05. Sold for 1.00 on 9/21.
Bought to close $NUGT Nov 18 15.00 calls @ 2.16. Sold for 14.07 on 8/22 (as a rollout).
Bought to close $NUGT Nov 18 46.00 calls @ .06. Sold for 1.25 on 9/6.
Bought to close $NUGT Dec 16 50.00 calls @ .10. Sold for 3.70 on 7/27.
EDIT: Added some more–
Bought to close $NUGT Nov 18 35.00 calls @ .10. Sold for 1.00 on 9/21.
Bought to close $NUGT Dec 16 17.00 calls @ 1.90. Sold for 19.70 on 8/2 (as a rollout).
SPX puts sold
#SPXcampaign Sold to Open $SPX Nov 4th 2010/1985 put spreads for 1.45, earlier when SPX dipped to 2153.
DUST takes the reigns from NUGT
#ContangoETFs looks like these two might be changing hands as to which has the better action.
STO DUST Oct 7th 50 call for 1.10
#TopoftheChain :
STO DUST Nov 18th 60 call for 3.50
STO Dust Dec 16th 60 call for 5.40
$UVXY
STC Oct 07 $15 put for 0.13, sold for 0.65 Sept 23. I plan to sell 16 put when stock slides back down near 16.00 in another hour or so.
