#SPXcampaign This is a partial roll of the ITM roll that’s going into its third month. At least now I am selling OTM spreads, albeit pretty close.
Sold to Open $SPX Oct 14th 2185/2210 call spreads for 7.60.
I closed a spread last week for 13.75. Sold a 2.00 put spread and now this, so 9.60 total and 4.25 more to go.
For those of you discussing NKE and the Oregon Ducks, my stepson is the second guy from the right.
Sold $NUGT Nov 4 (weekly) 29 calls for .85. Initial position at the highest strike in the 11/4 weekly series.
STO $SPX Nov 11 2255/2245/1990/1980 for 1.80.
43 DTE, will look to close at 50-60% max profit. This continues to be successful. Following the TT model (they close at 50%). Their iron condors have higher delta as they work at 1 SD, where these are closer to Jeff’s model of delta.
STO $SPX oct 16 2220/2245 sold for $1.10
TLT
followed from TT sold Nov. 18 129/138/138/148 for 4.64 these trades take patience
Sold $AMZN Oct 21 860 call for 5.15. I was early. Premium is over a dollar higher now.
#SPXcampaign Bought to close $SPX Oct 7th 2215/2240 call spreads for .20. Sold for 1.50 on Sept 9th.
#Earnings BTC NKE Sept 30th 55 calls for .10. Now need a rally back to 55 to close the puts.
This has turned out to be a really fun trade….especially after DR closed the original idea for losses.
Bought to close WYNN Sep 30th 103/108 Bear calls spreads @ .30. I’m booking these…after the rolls accumulated premium was 4.05.
This left 108 naked puts for this Friday so:
Rolled 108 puts out to next Friday @ .44 credit (4.40 credit received so far) and:
Sold WYNN OCT 7 2016 105.0 Calls @ 1.02
Now position is 108/105 inverted strangle that has an accumulated value of 5.42. So instead of closing for a loss this WYNN position has brought in almost 9.50 in premium in just a few weeks while only using about 1300 margin per strangle.
Fuzzy happy! 🙂
$NKE #Earnings – Bought to close NKE SEP 30 2016 60.0 Calls @ 0.01. They can’t go any lower.
Still working on the puts
BTC NUGT Oct07’16 25 CALL @ 0.10, sold for 1.20 on 9/22
SPX
Interesting SPX trade at TT. Sell a Nov. 18 2160 straddle and buy an Oct. 21 2100/2200 strangle for 66.30 credit.-comments are it is a short term trade.
closed the call side of the spread for 0.20. About 80% of max profit of that side.
Working on the put side now.
Bought to close $NKE Sep 30 51/59 strangles for .06. Sold for .43 yesterday.
#SPXcampaign Bought to close $SPX Oct 14th 1980/1955 put spreads for .20. Sold for 1.50 on Sept 16th.
#Earnings For the earnings 53/55/57 iron butterfly, the best outcome would be to get the down flush today, followed by buying into Friday. You may consider closing the short 55 call today, currently going for .25. This will increase your risk by .25 but allow an easier exit should we rally into Friday.
I will look for a deeper flush and consider closing the 55 call if I can get closer to .10.
BTC $NUGT 12/16 50 call @ .40 Sold in July for 21.90.
BTC $TWTR $21 10/21 covered call 10.9% return for less than month
BTC $SPX 9/30 2025/2050 BUPS @ 91% profit
#Earnings volatility but looking decent for our neutral trades.
VIX Indicator and SPX chart updated
$UVXY #VXXGame – I guess all of yesterday’s call sales were timed correctly
$NKE #ShortStrangles #Earnings – Sold NKE Sep 30 2016 51.0/59.0 Strangle for 0.42
edit: Also Sold NKE Sep 30 2016 51.5/60.0 Strangles for 0.40
Taking advantage of today’s downgrade to sell puts on a stock I wouldn’t mind owning at the strike price, about 10 points lower than it is now, and a level the stock hasn’t been since early 2015.
Sold $CRI Dec 16 80 puts @ 1.35
$SVXY #ShortCalls – Sold SVXY Oct 7 2016 80.0 Calls @ 0.50. very wide b/a spread
$NUGT #ShortPuts – Sold NUGT Oct 7 2016 16.0 Puts @ 65 with the stock at 18.0
SVXY
closed Oct. 7 65 put for .62, sold yesterday for 1.46
#Earnings Neutral play on NKE… needs to end the week between 53.50 and 58.50. Max risk, .43, max gain 1.57. Thanks @rknight52 for the idea.
Sold to open $NKE Sept 30th 53/55/57 iron butterfly for 1.57.
Buy 1x 57 call
Sell 1x 55 call
Sell 1x 55 put
Buy 1x 53 put
Recent 1-day moves on NKE earnings:
June 28, 2016 AC 3.84%
March 22, 2016 AC -3.79%
Dec. 22, 2015 AC -2.36%
Sept. 24, 2015 AC 8.89%
June 25, 2015 AC 4.26%
March 19, 2015 AC 3.72%
Dec. 18, 2014 AC -2.30%
Sept. 25, 2014 AC 12.22%
June 26, 2014 AC 1.06%
March 20, 2014 AC -5.12%
Dec. 19, 2013 AC -1.17%
Sept. 26, 2013 AC 4.69%
Average move: 4.5%
After close today. Looking at condor or butterfly.
BTC Oct 21 2240/2230/2000/1990 IC for 60% max profit.
Will continue to exit at these levels. As soon as I’m in these condors, I set the close order at 60% max profit.
SOLD /ES @ 2151.00
SOLD /ES SEP 16 (EOM) 2150.0 Put @ 10.25
Max gain of 11.25 points and breakeven at 2161.25 (just below the 50)
Otherwise, sell another weekly next week for about 15 points….
#SPXcampaign Sold to Open $SPX Oct 28th 2230/2255 call spreads for 1.30, with SPX at 2159.
SPX oct wk4 2230/2250 sold for $1.20 when spx at 2158 and short delta 9.
Looking at this as a longer term position to trade around so starting with a fairly wide strangle…pretty liquid with decent premium and weeklies. Staying small!
Sold GLD OCT 21 2016 123.0/129.0 strangles @ 1.33
Rolled Oct monthly 133 puts up to 137 for .95 credit. Position is now 137 straddle for 2.85 credit. One side has to expire then adjust accordingly after that.
Taking a fairly aggressive shot here betting overhead resistance will be strong. If not, I may have to give this all back on the roll to next week…
Rolled this week’s 167.5 short calls down to 162.5 for .90 credit. Of course I did it right before the consumer confidence number came out.
$SPX 10/7 2265/2240 BECS @95% profit
#VIXIndicator Today we were denied a third consecutive close below the 78.5 line on the VIX (13.05), so there is no Upside Warning.
The market may react to tonight’s debate; I lean a bit bullish in sentiment as I believe it could be sell the anticipation then relax and resume buying after it’s over. But that’s only a guess and I don’t expect to be very surprised by anything tomorrow… just ready to trade it.
If there is a negative reaction, it will likely fire a signal and put us on a correction watch again.
#Debates
I’m treading really lightly here on bullish trades. Tonight’s debate (projected to be the most watched event in US television history) has the potential to show some direction in the race. Market could have a lot of downside this week depending on what happens. I’ll look to pick off some OTM #VXXGame trades tomorrow morning if there’s a big swoon down.
STO $SPX Oct 14 2035/2010 put spreads @ 1.35. Reloading put side of IC 1914/19145 BTC Sep 22.
SOLD SPX 100 (Weeklys) 14 OCT 16 2045/2020 PUT @1.35
BOT SPX 100 (Weeklys) 28 OCT 16 2270/2295 CALL @.20 CBOE sold on 9/2/2016 at 1.60
BOT SPX 100 (Weeklys) 28 OCT 16 2260/2285 CALL @.25 CBOE Sold on 9/2/2016 @2.50
Sold $UVXY 9/30 18 put @ 1.08
Sold $UVXY 11/18 45 call @ 1.45
Sold $UVXY 12/16 55 call @ 1.79
And
Sold $FB 9/30 18 put @ .71
Sold $TWLO 9/30 63.50 put @ 2.40
#SPXcampaign Bought to close $SPX Oct 5th 2215/2240 call spreads for .20. Sold for 1.75 on Sept 12th.
Bought to close $SPX Sept 28th 2190/2215 call spreads for .20. Sold for 4.50 on Sept 9th.
Completed an iron condor that I started last week. Last week sold the call spread for 1.90. Today sold the put spread for 0.55, total of 2.45 for a 5 point spread.
Oct 21 820/815/755/750 for 2.45 total.
SVXY
A call from TDA, I can’t be short 100 shares of SVXY or any leveraged product, sure glad the market is down today, lesson learned, loss of a few hundred, could have been worse.
Taking it off at about 80 percent of max profit. This was a short future against a short put sold last Thursday… I’ll be looking to sell it again on any strength.
Bought to close /ES @2142.50 (sold for 2168.75)
Bought to close /ES SEP 16 (EOM) 2170.0 Put @30.25 (sold for 12.75)
Max gain on the trade was 11 points and closed for 8.75 gain.
Sold Oct 21st 75 calls at 3.30 against my long stock. This is the last of my long stock in this account. I will take assignment at this level and begin the process all over again. See if I can do better this next time around.
SVXY
sold Oct. 7 65 put for 1.46
$UVXY #ShortCalls #VXXGame – Top of the chain trades
Sold UVXY Oct 21 2016 55.0 Calls @ 0.36
Sold 1 UVXY Nov 4 2016 29.0 Call @ 1.64
Sold UVXY Dec 16 2016 55.0 Calls @ 1.78
Sold UVXY Jan 20 2017 60.0 Calls @ 2.33
Sold UVXY Mar 17 2017 60.0 Calls @ 3.40
#SPXcampaign Sold to Open $SPX Oct 28th 2000/1975 put spreads @ 1.35, with SPX @ 2151. Makes an Iron Condor with Oct 28 2245/2270 call spreads @ 1.50 STO on Sep 22. Thanks Jeff
Bought to Close $SPX Oct 7 2225/2250 cake spreads @ .20, STO on Sep 12 @ 1.60
$UVXY #ShortCalls #VXXGame – this game works until it doesn’t
Sold UVXY Sep 30 2016 26.0 Calls @ 0.14 with the stock at 18.25
UVXY STO Sept 30 $18P for 0.96, expect IV crush after debate insecurity in market.
Some Iceman recommendations:
Sold $UVXY Nov 18 45 calls @ 1.35
Sold $UVXY Dec 16 55 calls @ 1.75
I was early. Premiums are better now.
STO Nov 4 2240/2230/2000/1990 for 1.85
This is quickly accessible in the menu bar, above (top/right-of-center).
#CoveredPuts STO $FB Oct 14th 125 put for 1.45
#SPXcampaign Sold to Open $SPX Oct 28th 2000/1975 put spreads for 1.35, with SPX at 2151.
Max Gain
$SPX 2250/2225 BECS
$SPX 2065/2090 BUPS (Jeff nice call)
$AMZN 747.5/762.5 BUPS (Thanks @privatetrader)
$IBB 275/282.5 BUPS
$REGN 375/390 BUPS (Thanks @fuzzballl)
$STX 35 put
$SVXY 60 put
$SVXY 45 put
$TWLO 54 put
Lost all
$TLT 138 call
Assigned
$ETE @ 17.50 Basis 17
will be short 100 shares of SVXY from a 63 call, cost basis of 68. I’ll sell some puts, as I’ve learned here, and wait for a correction.
#OptionsExpiration It’s been a good month with the small correction backing me out of pressured call positions. But still got stuck paying up to close one yesterday that would have expired worthless today.
— Expiring w/max gain —
NUGT 18 puts
NUGT 25 and 30 calls
SPX 2090/2065 put spreads. Sold for 1.70 on Wednesday
SPX 2110/2235 call spreads. Sold for 4.75 on Sept 2nd
— Expiring w/max loss —
TLT 138 long calls
#OptionsExpiration #Weeklys #Sep23 – A good week for expiring options. I only had to roll a couple of $SVXY short calls up and out and my biggest position (SVXY 75.0 Calls sold @ 4.38 on a rollup) expired today.
I continue to agressively over-write $UVXY calls against some long stock but fear that the stock losses will overtake the weekly options gains eventually.
DUST (Weekly) Sep 23 2016 38 Calls
MRO (Weekly) Sep 23 2016 16.5 Calls (Covered)
MYL (Weekly) Sep 23 2016 41 Puts
NUGT (Weekly) Sep 23 2016 15 Puts
SVXY (Weekly) Sep 23 2016 45 Puts
SVXY (Weekly) Sep 23 2016 50 Puts
SVXY (Weekly) Sep 23 2016 75 Calls (Covered)
SVXY (Weekly) Sep 23 2016 76 Calls (Covered)
SVXY (Weekly) Sep 23 2016 77 Calls (Covered)
UVXY (Weekly) Sep 23 2016 25 Calls (Covered)
UVXY (Weekly) Sep 23 2016 26 Calls (Covered)
UVXY (Weekly) Sep 23 2016 26.5 Calls (Covered)
UVXY (Weekly) Sep 23 2016 27 Calls (Covered)
UVXY (Weekly) Sep 23 2016 30 Calls
UVXY (Weekly) Sep 23 2016 30.5 Calls
UVXY (Weekly) Sep 23 2016 31 Calls
UVXY (Weekly) Sep 23 2016 31.5 Calls
UVXY (Weekly) Sep 23 2016 32 Calls
UVXY (Weekly) Sep 23 2016 32.5 Calls
UVXY (Weekly) Sep 23 2016 33 Calls
UVXY (Weekly) Sep 23 2016 34 Calls
UVXY (Weekly) Sep 23 2016 35 Calls
UVXY (Weekly) Sep 23 2016 40 Calls
UVXY (Weekly) Sep 23 2016 45 Calls
SVXY 58 puts expired today, opened Aug 8 @ 2.50.
Have a great weekend everyone.
Only #VXXgame expirations this week.
$SVXY $55 puts
$SVXY $60 puts
$UVXY $23 calls
$UVXY $30 calls
$UVXY $32.5 calls
$UVXY $35 calls
$UVXY $40 calls
$UVXY $45 calls
Have a great weekend everyone.
#optionsexpiration
Only in these for one week and three weeks. IBB at resistance and more than 50 percent of max gain already achieved so taking them off. Debate Monday night might put drug companies back in the spotlight so could possibly get a chance to sell ’em again with 84 days still left.
Bought to close IBB DEC 16 2016 250.0 Put @ 2.50 (sold for 5.70)
Bought to close IBB DEC 16 2016 260.0 Put @ 3.60 (sold for 7.70)
Sold $UVXY Nov 4 29 calls @ 1.10. Highest strike in the newest weekly series.
#VXXGame
#ContangoETFs BTC NUGT Sept 30th 25 calls for .20. Sold for 1.00 on 9/16.
Thrilling day!
STO – CRM NovWk1 67.5 Put sold for $1.40
Salesforce is trading about 5.5% lower on the news, suggesting investors might disagree with the logic of a Twitter acquisition.
On daily chart (link below) seems trading in the lower end (2 SD) of bollinger bands, 67.5 will typically act as support from last gap up. Stop at about 66 price range.
https://www.tradingview.com/x/9PVtZuE0/
$SVXY #CoveredCalls #Rollup – Another one.
Bought to close SVXY Sep 23 2016 70.0 Calls @ 4.35 (originally sold @ 5.20 so a win-win)
Sold SVXY Oct 21 2016 75.0 Calls @ 4.45 – increased the strike price 5 points plus a 0.10 credit.
Options this deep in the money are a bit harder to roll but got it done.
$UVXY #ShortCalls #VXXGame – selling some for next week as the VIX index hovers around 12.50 and UVXY trades at 16.50 –
Sold UVXY Sep 30 2016 22.0 Calls @ 0.17
Sold UVXY Sep 30 2016 22.5 Calls @ 0.15
Sold UVXY Sep 30 2016 23.0 Calls @ 0.13
Sold UVXY Sep 30 2016 23.5 Calls @ 0.11
$MYL #ShortPuts #FallingKnife – Bought to close MYL Sep 23 2016 41.0 Puts @ 0.01 free up margin and avoid an afternoon swoon in the market and the stock.
Sold @ 0.48 in late August
Sold GS SEP 30 2016 167.5 Calls @ .95
Replacing this week’s expiration…covered by long Leap calls.
I forgot to post this.
STO October 28, 55 puts @1.00 again staying small.
Sold to open, October 21, 60 puts @1.20 but staying small.
Still rolling this inverted position and still collecting nice weekly premium…
Rolled Sep 23 18.5 calls out to Sep 30 18.5 @ .34 credit.
These are against Oct monthly 26 puts at a 3/2 ratio now (3 calls per 2 puts). Considering on my next roll going out to Oct monthly and higher to hopefully get the calls to expire. At that point I could do an aggressive roll down of the ITM puts to strangles. That would be a big step in finally getting out of this. In the meantime…cash coming in every week.
