STO $SVXY Oct 21 60 puts @ 1.30 SVXY trading at 74.13
jdeitz1954 – thanks for the idea from yesterday.
Recent Updates Page 480
Covered Calls on TWTR
Sold $TWTR Nov 18 26.00 calls @ 1.08
$SVXY #CoveredCalls #Rollup – working…
$SVXY #CoveredCalls #Rollup – working on a couple of these today.
Bought to close SVXY Sep 23 2016 71.5 Calls @ 3.28 (originally sold @ 5.90 so a win-win)
Sold SVXY Oct 28 2016 79.0 Calls @ 3.58 – increased the strike price 7.5 points plus a 0.30 credit.
SPX ITM rolls
#SPXcampaign The Position chart is now updated.
Yesterday I had to stop out of this week’s 2165/2190 for 13.75. I didn’t get filled on attempts to roll to a new call spread. The only partial reverse-roll I got was:
Sold to Open $SPX Oct 14th 2100/2075 put spreads for 2.10.
Was hoping for more strength this morning to get a call spread… will do my best to make up the premium.
Downside Warning canceled
#VIXIndicator With today’s close below the 78.6% Fib line on the VIX chart, the downside warning is canceled.
Of the 36 VIX Indicator corrections since 2000, a canceled Downside Warning led to an Upside Warning 26 times, or 72%. An Upside Warning occurs after three consecutive closes below the 78.6 line, which currently is 13.05 on the VIX. The average time between a canceled Downside Warning and an Upside Warning is 5.7 trading days.
(For the 10 times an Upside Warning did not follow, it was an average of 16 trading days until a new Downside signal).
We are still using the VIX Aug 9th low of 11.02. The levels for new Downside signals to fire are 15.03 (25% above 2-day closing low), and 16.53 (50% above Aug 9 low).
$SVXY #ShortCalls – sold a…
$SVXY #ShortCalls – sold a bunch of things at the open and then couldn’t get anything else done the rest of the day at the limits I set after the fills.
Sold SVXY Sep 23 2016 77.0 Calls @ 0.20 – these expire tomorrow
Sold SVXY Sep 30 2016 80.0 Calls @ 0.30 – for next week with the strike above the 2016 high
Sold SVXY Oct 14 2016 85.0 Calls @ 0.45
Sold SVXY Nov 16 2016 90.0 Calls @ 1.70
Sold SVXY Dec 16 2016 90.0 Calls @ 3.10
Sold SVXY Dec 16 2016 95.0 Calls @ 2.00
$SVXY
Sold Oct 21st 60 Put @ 1.30 when $SVXY was trading at 74.82.
$VIX call spread
Bought vertical, can’t believe I did that, but volatility has to come back in.
BTO Oct 19 14/17 for 0.95.
Similar to TT.
$SVXY
Sold both of these covered positions these earlier today:
$SVXY Oct 14th 80 Call @ 1.40 when SVXY was at 73.90
$SVXY Oct 21st 80 Call @ 2.10 when SVXY was at 74.58
AZO closed yesterday’s earnings trade…
AZO closed yesterday’s earnings trade for 1.00, sold for 2.00.
$AMZN call spread
STO Oct 21 815/820 BeCS for 1.90.
Expecting this to pull back a bit.
Recognize this is a little risky with this market.
SPX puts sold
#SPXcampaign Sold to Open $SPX Oct 20th 2050/2025 put spreads for 1.30, earlier when SPX was at 2173.
$UVXY
Looks like $UVXY has been at an all time low pretty much all day today.
SolatCity Put
STO SCTY 10/28 – 16 PUT sold for $1.25
16.20 is 52 weeks low and bounced recently twice at 16 range, tring for the third time. if assigned cost basis 14.75
/ES Eminis…just dabbling with a little hedge
Sold /ES @ 2168.75
Sold /ES Sep 30 (EOM) 2170.0 Put @ 12.75
These trade at 50 dollars per point:
Max gain to the downside of 11.50 ($575)
Breakeven to the upside of 2181.50 where I would then roll up the puts or sell them again if it looks toppy.
$SVXY
Initiated Sept 30 $75 covered call this morning @ $72.75
With $VXX nearing a new all time low and with the amount of contango in the $VIX term structure, I think $SVXY will be grinding higher for a while. Would have been better to do this right after the fed announcement. I got too focused on looking for $UVXY trades and missed that opportunity. I still think this a simple way to hit some singles.
WYNN adjustment
I’ll try to keep it short…LOL
Had 108/103 BuPS this week against next week 103/108 Becs. On the pullback sold to close this week 103 long puts @ 1.83. Also rolled short 108 puts to next week 108 puts @ .46 credit.
This leaves next week:
103/108 Bear call spreads against 108 naked puts. All together credit received of 8.30. Either we rally up through 108 and Becs is max loss and naked puts are worthless for 3.30 net gain OR we tank and BeCS goes out worthless and still have naked puts at about 99.70 basis. At that point I would probably sell bear call spreads again.
Still no regrets on trying to turn the DR loser into a winner!
NUGT
Earlier today, STO NUGT Oct07’16 25 CALLS @ 1.2 (covered). Wish I’d a sold em at the opening bell… Oh well.
Also just now, STO NUGT Oct21’16 18 PUTS @ 1.00.
FEYE sold Oct. 21 16…
FEYE
sold Oct. 21 16 calls for .37, covered, reducing cost basis
$SPX call spreads sold
#SPXcampaign – Sold To Open SPX Oct 28 2245/2270 calls @ 1.50 with SPX at 2176
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT OCT 21 2016 36.0 Calls @ 0.55 with the stock at 23.69
and Sold 1 NUGT MAR 17 2017 52.0 Call @ 2.40 (Top of the Chain)
CMG adjustment
Rolled this week’s 407.5 call out to next week 415.0 @ .25 credit.
This is inverted against an Oct 435 put. Total credit received so far of 23.85. Still bullish here. Ideal position price would be up near 435 by Oct expiration with calls rolled up to near a strangle.
SVXY puts closed
BTC $SVXY Oct 21 50 put @ .50 sold on Sept 13 @ 2.22 closing at 74%
BTC $SVXY Dec 16 35 put @ .75 sold on Aug 1 @ 2.02 closing at 60%
REGN playing it safe
Bought to Close REGN SEP 23 2016 400/375 Bull put spread @ 1.15 (sold for 5.15 last Friday)
Replacing it with:
Sold REGN OCT 21 2016 380.0/440.0 Strangle @ 7.50
AZO earnings
#Earnings The small move is a thing of beauty. With 30 days to expiry, I have orders in to close naked options at .20, and the iron condors at .40. Will close earlier if margin becomes an issue, or if price starts moving dramatically.
TICK highs
On TC2000 charting, the opening TICK this morning was the highest reading since June of 2013. This will differ in other platforms, but indicates very strong buy programs.
SPX another iron condor closed at 60%
BTC Oct 14 2265/2255/2010/2000 IC at 60% max profit.
At these strikes probably could have held for more, but trying to stay disciplined.
SPX put spreads closed
#SPXcampaign Bought To Close Oct 14 1940/1915 put @ .15 sold on Sept 13 @ 1.35
BOT UVXY 16 DEC 16…
BOT 16 DEC 2016 50 CALL @1.30 sold on 9/16/2016 at 3.80
BOT UVXY 16 DEC 16…
BOT UVXY 16 DEC 16 55 CALL @1.15 sold on 9/16 at 3.20
Every time I’m almost out, they pull me back in
Well, looks like the ITM rolling goes on. Was previously able to roll my ITM call spread up to a 2165 short… It went ITM again this morning, and this close to expiration I cannot wait to see how the week will end as the spread price will increase very quickly if SPX continues to rise.
Bought to close $SPX Sept 23rd 2165/2190 call spreads for 13.75. Sold for 6.00 last week.
I will look to roll into a condor later this morning. Another week, another roll!
SPX puts closed
#SPXcampaign
Bought to close $SPX Oct 7th 1980/1955 put spreads for .20. Sold for 1.80 on Sept 13th (as a roll).
Bought to close $SPX Oct 7th 2000/1975 put spreads for .20. Sold for 1.33 on Sept 9th.
Bought to close $SPX Oct 14th 1950/1925 put spreads for .20. Sold for 1.33 on Sept 13th.
VIX Indicator and SPX Position…
VIX Indicator and SPX Position chart have been updated
We almost canceled the Downside Warning today, when the VIX dipped below 13.05 Fib line, but then closed above it. Thursday will tell us if it’s over or if uncertainty will linger.
$AMZN
Waiting for fill on 9/30 765/775 BUPS @ 1.50
SPX I followed a 1…
SPX
I followed a 1 day butterfly from TT yesterday, risked 160 to make 840, needed SPX above 2152. I’ll take it.
UVXY, NUGT
Some GTC orders got filled today:
BTC UVXY Sep30’16 30.5 CALL @ 0.1 (sold for 1.44 early September)
BTC NUGT Sep23’16 19 PUTS @ 0.1 (Sold for 3.00 on 8/31) This was a doubled position roll down and out from some Sep02’16 24 puts. Victory!
SPX calls expired
#OptionsExpiration 9/21/16 (Wednesday Weeklys)
$SPX Sept 21st 2210/2235 call spreads expired. Sold for 3.25 on Sept 6th.
$SVXY
Sold Oct 21st 80 Call @ 1.70 against my long stock with $SVXY trading about 72.30. I’m glad to have the FOMC decision over. It seemed like such a long wait. Glad to get some feeling back into my fingers.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Sep 23 2016 76.0 Calls @ 0.20 with the stock at 72.53.
These expire Friday. Either an expiration or an assignment would be a gift 🙂
SPX calls sold
#SPXcampaign Sold to Open $SPX Oct 20th 2230/2255 call spreads for 1.50, with SPX at 2164.
$SVXY #ShortCalls #VXXGame – Sold…
$SVXY #ShortCalls #VXXGame – Sold SVXY Dec 16 2016 95.0 Calls @ 1.65.
Volatility crashing
#VIXIndicator If we close below 13.05 the Downside Warning will be canceled.
SVXY
On the weekly chart I see a head and shoulders bottom and if I am correct ( I have been wrong before), the measured move could go to 95/100.
SPX puts drained
#SPXcampaign The Sept 23rd 2090/2065 put spread i sold 1.70 ninety minutes ago is now going for .25. I love the smell of fear in the markets.
Also: Bought to close $SPX Sept 30th 2010/1985 put spreads for .20. Sold for 1.30 on Sept 1st.
$SVXY #ShortCalls #VXXGame – Sold…
$SVXY #ShortCalls #VXXGame – Sold SVXY NOV 18 2016 90.0 Calls @ 1.20 with the stock at 71.31.
First trade at this strike in this new monthly cycle
$SVXY #ShortCalls #VXXGame – Sold…
$SVXY #ShortCalls #VXXGame – Sold SVXY NOV 18 2016 85.0 Calls @ 2.00 with the stock at 70.24.
First trade in this new monthly cycle
$UVXY
STO $UVXY Sep 23 $23 calls @ $0.33
STO $UVXY Sep 30 $24 calls @ $0.63
STO $UVXY Sep 30 $25 calls @ $0.57
STO $UVXY Sep 30 $27 calls @ $0.40
STO $UVXY Oct 7 $30 calls @ $0.51
VXX calls closed
#VXXGame BTC $VXX Oct 21st 65 calls for .20. Sold for 1.10 on Sept 13th.
NUGT calls
#contangoetfs – Expiring this Friday…
STO NUGT Sept 23rd 24 calls for .35
STO NUGT Sept 23rd 25 calls for .25
NUGT fill
Got filled on an offer I had out there this morning.
Sold $NUGT Oct 28 (weekly) 30 calls @ 1.00.
No change. No surprise.
No change. No surprise.
SPX same-week puts sold
#SPXcampaign Sold to Open $SPX Sept 23rd 2090/2065 put spreads for 1.70, with SPX at 2142. Expire in two days unless the world explodes.
Another RGLD call sold
#CoveredCalls #Earnings Moved up a strike to sell another. Cost basis on stock is about 83.00
Sold to Open RGLD Oct 21st 85 call for 2.45.
SPX puts rich
#SPXcampaign Put premiums on Options expiring this Friday are pretty rich. I’m selling the Sept 23rd 2090/2065 spread… asking 1.80.
I believe today’s announcement will lead to near-term upside. But even if I’m wrong and we drop, I don’t think 2090 is in danger by Friday’s close. If I’m wrong, I will roll.
Playing the FED
Starting at about 1:59pm ET, many of our favorite tickers will start getting nutty. If you like to sell premium, have orders ready on NUGT, UVXY, SPY or SPX, etc as you might get some very good fills with the market reaction to the 2pm announcement.
Couldn’t get in for over…
Couldn’t get in for over a week. Happens from time to time. Why ???
A TRADE:
$UVXY STO 9/23/16 18.50 PUTS @.63 Risky
AZO earnings fill
#Earnings STO $AZO Oct 21st 690/800 strangle for 5.85
UVXY STC Sept 23 $18…
UVXY STC Sept 23 $18 P for 0.44, bought for 0.21 last week. Still have more at 0.31 with sell order at 0.61. Should be profitable pricing leading up to announcement.
SPX calls closed
STC Sep 23 2200/2210 call spread for 66% max profit.
Closed this early as this market could jump if the Fed holds steady today. I sincerely doubt that it would get past 2200 this week, but it is possible and I’ve been burned before by trying to hold too long based on my hopes or wishes or my take on the market. The market doesn’t care what I think, so I’m gonna take the money and run!
AZO, classic earnings trade
#Earnings I call this a “classic” because it is naked selling standard Iceman taught many of us, with my classic earnings trade analysis. There are 31 days until Oct monthly expiration. Over the last 12 reports, AZO’s moves over 34 days: Biggest UP move: 7.1%, Biggest DOWN move: -5.3%, Average move: 3.9%. (Also note that its maximum swings between 1 & 34 days never exceeded these percentages)
If we give room for its largest move of 7.1%, the 690/800 strangle is at least 7.3% OTM on each side. You can sell that strangle for about 6.00. Of course, you have to have the margin power, and you have to be ready in case we get an outlier move.
The safer bet… a 10-wide condor at same short strikes is about 1.75-2.00.
Thar’s gold in dem thar hills
#ContangoETFs STO NUGT Oct 7th 23 call for 1.25
STO NUGT Oct 25th 25 call for 1.25
#CoveredCalls STO RGLD 82.5 covered call for 2.35, adding to my position
SVXY Covered Call
Sold $SVXY Dec 16 85 call @ 3.20
Fed statement at 2pm ET,…
Fed statement at 2pm ET, 11am PT
VIX Indicator and SPX Position…
VIX Indicator and SPX Position Chart (finally) updated
$UVXY #CoveredCalls #VXXGame – all…
$UVXY #CoveredCalls #VXXGame – all of these sales are partially covered by long stock
Sold UVXY Sep 23 2016 30.5 Calls @ 0.17
Sold UVXY Sep 23 2016 31.0 Calls @ 0.15
Sold UVXY Sep 23 2016 31.5 Calls @ 0.13
Sold UVXY Sep 23 2016 32.0 Calls @ 0.11
Sold UVXY Sep 23 2016 32.5 Calls @ 0.11
Sold UVXY Sep 23 2016 33.0 Calls @ 0.11
I will average up tomorrow if possible. Fed days are normally good days to sell these.
SPX puts sold
#SPXcampaign At 12 minutes after the close, sold to open $SPX Oct 20th 1975/1950 put spreads for 1.30, on the dip in SPX below the day’s closing price.
RGLD Covered Call
#Earnings #coveredcalls
Sold to Open $RGLD Oct 21st 82.5 covered call for 1.65.
Been stuck with shares from the 84.00 area; neglected to sell calls until now.
$SRCL #FallingKnife – a stock…
$SRCL #FallingKnife – a stock dropping to a new 52-week low, illiquid options, but sound fundamentals.
Trying to sell Puts from 70 in Oct down to 50 in January
SPX Interesting IC over on…
SPX
Interesting IC over on TT for tomorrow’s expiration 2150/2160/2160/2170 for 8.20 credit, risk 180, a winner between 2151 and 2168. I’m considering it.
United States Steel
STO – X nov strike 15 sold for $1.08
60 DTE around 200 day moving average price point. Return on option ROO 7.76%
CMG put
#ShortPuts Sold $CMG Nov 18 350 put @ 5.30. Strike price is well below the 2016 lows.
FDX earnings trade?
Any ideas for today? Looking at an iron butterfly, but still looking. FDX can explode down and then with the fed speak this week, a little hesitant. Thoughts?
NUGT bought to cover half…
NUGT bought to cover half my short position, from short weekly $17 call at $18.30. Net gain with premium collected $1/share.
Howdy all, I have a…
Howdy all, I have a question on SVXY. I sold 45 Nov 18 Put and I don’t understand why it’s down 82.50 for that trade when price is up. Am I missing something here?
$SVXY #ShortCalls – I was…
$SVXY #ShortCalls – I was on the road all day so couldn’t report these earlier. I stayed small so I could add later.
Sold SVXY Dec 16 2016 80.0 Calls @ 4.30
Sold SVXY Dec 16 2016 85.0 Calls @ 2.95
Sold SVXY Dec 16 2016 90.0 Calls @ 2.00
Sold SVXY Dec 16 2016 95.0 Calls @ 1.30.
All trades filled in the first minute of trading, then nothing for the rest of the day.
