NUGT I got called away on a naked $17 call last Friday in an IRA. So I have a day or so to buy to cover. Anything below $19.40 is profitable. Keeping my eye on the pullbacks today.
Recent Updates Page 481
SVXY early this morning bought…
SVXY early this morning bought at 67.62 protection for a Sept 23 BeCS 65/85. We’ll see the reaction to the Fed. I expect a rally taking my stock.
If not I sold a Dec 70/105 BeCS for $3.60 that I can use the stock to cover.
SPX puts closed
#SPXcampaign Earlier, bought to close $SPX Sept 23rd 2040/2015 put spreads for .20. Sold for 1.40 on Aug 26th.
SRPT
Wow!
VXX bearish double vertical
Slow day but did get a fill this morning.
Sold to close Sep 23 41/42 BeCS and 38/37 BePS @ .51 (originally sold for .04 Friday)
Technically it was a “buy to open” and a “sell to close” except the buy side was done for a .04 credit. (total gain of .55)
NUGT
BTC NUGT Sep23’16 25 CALLS @ 0.15, sold for 1.20 on 9/2/16. These were covered, gonna sell calls again after the big announcement hits on Wednesday.
LULU I was assigned 100…
LULU
I was assigned 100 shares of LULU over the weekend, my cost basis is 68.87, sold an Oct 21, 70 call for .81 and bought some yoga pants that I think look pretty good on me.
Also, somebody exercised a Sept 23 109 SPY call I had so I’m short SPY-thanks a lot.
Credit Spread on HLF
STO Oct 21 HLF 59/54 BuPS at $0.86
HLF is on a weekly and Daily squeeze but it would need to close above the 50 SMA on the daily chart to really become bullish and explode. In the mean time I’ll get some time decay.
Stop at 58.999 in case I’m wrong.
Closed UVXY at 60% profit.
BTC Sep 30 UVXY 30 Calls at $0.40 sold it for $1.50 on Thursday.
SPX IC closed for profit
BTC Oct 7 2260/2250/2010/2000 IC for 0.55.
This was a preset, discipline trade at 60% max profit. Had opened this about 2 weeks ago.
Will continue to exercise discipline on these iron condors and set sell orders at 60% max profit. It is working.
SPX IC
STO Oct 28 2250/2240/1980/1970 IC for 1.35
SVXY
STO November 18, 45 puts @1.50, Scaling into some put positions.
SPX trades
#SPXcampaign Sold to Open $SPX Oct 14 2220/2245 call spreads @ 1.45 – SPX @ 2152, completes SPX iron condor with 1940/1915 put spreads @ 1.35 opened on Sep 13.
Bought to Close $SPX Sept 19 2160/2165 call spreads @ .25, opened on Friday @ .35 , penetrated my 20 point comfort cushion.
SVXY
BTC September 23, 50 puts @0.05 cents. I cannot make much more on this one and it frees up a lot of margin plus, I don’t know what will happen on Wednesday.
SPX calls sold
#SPXcampaign Sold to Open $SPX Oct 20th 2225/2250 call spreads for 1.55, with SPX at 2148.
Econ Calendar now in top menu
I will post this every Monday, and I’ve added it to the top menu bar (at top of your browser window, just right of center). This way, you can quickly access it for the remainder of the week. I am pulling a screenshot from Bloomberg: http://www.bloomberg.com/markets/economic-calendar
Econ Calendar this week
It’s all about FOMC on Wednesday…
Options Expiration 9/16/16
— Expiring —
$SVXY 85 calls
$UVXY 30 calls
Expiration
$CXO 120/125 BUPS
$SPX 2265/2240 BECS
$REGN 375/390 BUPS
$VMW 65/70 BUPS
$T 39.50 put
$T 39 put
$LN 40 put
$FIT 17 call (covered)
$UVXY 30 calls
$SVXY 70 calls
$FB 121 put
$GIMO 45 put
$CNX 16 put
$OPHT 45 put (part of straddle with 55 call which was assigned)
$ADP 90 call (covered – will cover again)
$SVXY 60 put
$UVXY 26 call
Complete loss
$WTW 12 call (almost ironic not to lose on this ;-}
$GOOGL 810 call
$LULU 70/75 BUPS
Assigned
$OPHT 55 call (part of above straddle basis 58 – will buy back Monday)
$FANG 95 put (sell Monday basis 92.35)
$CMG 405/410 BUPS Assigned the 410 with basis of 408.60 (Will sell Monday-go Ackman)
Thanks to everyone.
Enjoy the weekend
#optionsexpiration
$ULTA #ShortPuts #FallingKnife – Sold…
$ULTA #ShortPuts #FallingKnife – Sold ULTA DEC 16 2016 150.0 Puts @ 0.55
#OptionsExpiration for September 16 A…
#OptionsExpiration for September 16
A lighter than normal monthly expiration for me. I either closed a lot of positions early or rolled them over the last few weeks.
Expiring:
$AMZN 09/16/2016 825 calls (covered)
$AMZN 09/16/2016 850 calls (covered)
$AMZN 09/16/2016 740 puts
$NFLX 09/16/2016 100 calls
$NUGT 09/16/2016 25 calls
$NUGT 09/16/2016 42 calls
$SVXY 09/16/2016 60 puts
$SVXY 09/16/2016 40 puts
$UVXY 09/16/2016 29 calls
$UVXY 09/16/2016 40 calls
$UVXY 09/16/2016 56 calls
$WYNN 09/16/2016 95 puts (covered)
Assignments
$SVXY 09/16/2016 60 calls–some of my stock being called away. I will write more puts on the next move down.
Have a great weekend everyone.
#OptionsExpiration #Sep16 #Monthlys – no…
#OptionsExpiration #Sep16 #Monthlys – no assignments this week and some SVXY short Calls finally expired.
YEAH !!
— Expirations —
GILD Sep 16 2016 70 Puts
NUGT Sep 16 2016 14 Puts
NUGT Sep 16 2016 16 Puts
NUGT Sep 16 2016 17 Puts
SVXY Sep 16 2016 30 Puts
SVXY Sep 16 2016 34 Puts
SVXY Sep 16 2016 35 Puts
SVXY Sep 16 2016 36 Puts
SVXY Sep 16 2016 37 Puts
SVXY Sep 16 2016 38 Puts
SVXY Sep 16 2016 39 Puts
SVXY Sep 16 2016 40 Puts
SVXY Sep 16 2016 50 Puts
SVXY Sep 16 2016 54 Puts
SVXY Sep 16 2016 55 Puts
SVXY Sep 16 2016 60 Puts
SVXY Sep 16 2016 70 Calls (Covered)
SVXY Sep 16 2016 75 Calls (Covered)
SWN Sep 16 2016 15 Calls (Covered)
TRIP Sep 16 2016 55 Puts
TWLO Sep 16 2016 70 Calls
UVXY Sep 16 2016 23 Calls (Covered)
UVXY Sep 16 2016 24 Calls (Covered)
UVXY Sep 16 2016 25 Calls (Covered)
UVXY Sep 16 2016 29 Calls
UVXY Sep 16 2016 29.5 Calls
UVXY Sep 16 2016 30 Calls
UVXY Sep 16 2016 31 Calls
UVXY Sep 16 2016 32 Calls
UVXY Sep 16 2016 33 Calls
UVXY Sep 16 2016 34 Calls
UVXY Sep 16 2016 35 Calls
UVXY Sep 16 2016 36 Calls
UVXY Sep 16 2016 37 Calls
UVXY Sep 16 2016 38 Calls
UVXY Sep 16 2016 39 Calls
UVXY Sep 16 2016 40 Calls
UVXY Sep 16 2016 41 Calls
UVXY Sep 16 2016 42 Calls
UVXY Sep 16 2016 45 Calls
UVXY Sep 16 2016 46 Calls
UVXY Sep 16 2016 55 Calls
UVXY Sep 16 2016 56 Calls
OptionsExpiration
$NUGT $28 calls (last of my $NUGT positions)
$SVXY $35 puts (sold during Brexit spike @ $2.30, should have sold lots more)
$UVXY $25 calls
$UVXY $27 calls
$UVXY $30 calls
$UVXY $32 calls
$UVXY $55 calls
Nicely profitable week, a bunch of $UVXY contracts rolling off so in very good shape going into next week. A lot of dry powder, likely get a chance early next week to put money to work.
Have a great weekend everyone. #optionsexpiration
A few trades today…
#Earnings #CoveredPuts STO $FB Oct 7th 125 covered put for 1.10
#VXXGame BTC $UVXY Oct 21st 55 call for .84. Sold for 4.25 on Aug 2nd.
#ContangoETFs BTC $NUGT Sept 16th 23 puts for 4.45 and 5.20. Sold for 1.45 on Aug 26th.
Rolled to: Sept 30th 16 puts for 1.00, and waiting for fills on others.
Closing next week’s NUGT calls
Bought to close $NUGT Sep 23 25 calls @ .20. Sold for 1.32 on 9/2.
No sense sticking around for the last .20 with the Fed coming up next week–who knows what will. And if I were in the betting mood I’d be leaning more toward gold and NUGT going up after the Fed (thinking they won’t raise) but I’m not even going there. Can’t make any promises next week though.
SPX Sold 2220/2240 spread for…
SPX
Sold Oct 14 2220/2240 spread for 2.00 yesterday, bought back for 1.00 today
$UVXY #CoveredCalls #Rollup – did…
$UVXY #CoveredCalls #Rollup – did this roll to give it another week
Bought to close UVXY Sep 16 2016 21.5 Calls @ 0.59. Sold last Friday at 2.05
Sold UVXY Sep 23 2016 26.0 Calls @ 0.83 – a big bump in the strike price plus a nice credit
$GDX #ShortPuts – Bought to…
$GDX #ShortPuts – Bought to close GDX Sep 16 2016 25.5 Puts @ 0.01 to avoid the chance of assignment
VIX SVXY UVXY VXX
Sucking volatility out now…
WYNN iron condor rolls on…
Posted sometime this week:
TGO WYNN iron condor
A couple weeks ago DR put on a Sep 30th 75/80/105/110 iron condor @ .88 (I missed it so ended up using 103/108 on the call side). Since then WYNN has gone straight up so I kept thinking an adjustment would get sent out…DR has a 2 hour webinar on adjustments that I haven’t watched yet so I was expecting some magic this morning in the briefing. He basically advised that it wasn’t working so close it for the loss. I suggested maybe selling a slightly higher put spread to maybe recoup some of the loss but no go…guess I can’t argue with his logic but here’s what I’ve been doing…call me hard headed (or stupid…LOL)
———————————
Sold Sep 30th 75/80/103/108 @ .88 credit
———————————
Rolled 80 puts up to 95 @ 1.40 credit
———————————
Rolled 95 puts to this week 101 @ .29 credit
———————————
Rolled this week 101 puts up to 103 @ .84 credit
———————————
Rolled 103 puts up to 107 @ 1.05 credit
———————————
I’ve now collected 4.46 in premium with a max loss of 5.00 on the call side. Still 2 more weeks to sell. If these 107’s expire I’m considering just selling the Sep 30th 108/103 put spread @ 1.65. This would be exactly inverted against the calls giving me a total of 6.11 in premium basically locking in a profit greater than the original .88.
We shall see…
================================================================================
Update:
Looks like the 107 puts will expire locking in all the roll up profits from the last 2 weeks. So today:
Sold WYNN SEP 23 2016 108.0/103.0 Bull put spreads @ 1.60
These are sold against the Sep 30th 103.0/108.0 Bear call spreads. I’m trying to squeeze an extra week out of this put side hoping to sell ’em again the following. Looks kinda strange having same strikes for both spreads but…total premium is now up to 5.95 so worse case one side will expire at max loss and I’ll pocket the remaining .95. Ideally WYNN will stay above 108 and I’ll sell this same put spread next week turning a potential losing iron condor into about a 2.50 winner. I’ll take it considering the original condor was only worth about 90 cents.
PS… @elitethink: DR is Doug Robertson. A partner at TGO. I felt he was too willing to give up on this trade and book the loss so I went rogue! LOL
SPX calls closed
#SPXcampaign Bought to close $SPX Oct 7th 2240/2265 call spreads for .20. Sold for 1.55 on Sept 6th.
Adding DUST call in Jan
Sold $DUST Jan 20 2017 60 call @ 6.20. Highest strike in January.
I am now short the highest strike (60) in Oct, Nov, Dec and Jan with small positions. Hoping we get higher strikes next week.
GS revisited
Aw crap guys…was typing and trading in the airport terminal from my Note 7 (gulp) all morning but just got home and fired up the computer. Now with everything right in front of me here’s the trade using my actual fills. I forgot all about the buying of the “disaster” puts. Adds small cost but a lot of protection to the trade. Told ya this is all new for me!
Bought Jan 2018 130 calls @ 43.60
Bought Jan 2018 130 puts @ 6.87
Sold Sep 16 2016 70 calls @ .65
LEAPS are currently showing down 380 dollars (thanks to long puts) and short calls brought in 325 so trade is down a net of 55 bucks even though the stock is down a little since I opened it. So far so good…
Going all in on no hike next week:
Sold GS SEP 23 2016 167.5 Calls @ 1.35
NUGT calls
Replacing a batch expiring today…still fighting my way out of this last split.
Sold NUGT SEP 23 2016 18.5 Calls @ 1.32
Selling these against DITM Oct 26 puts at a 2 for 1 ratio. Used about half the proceeds for this:
Bought to Close NUGT OCT 21 2016 26.0 Put @ 9.30
Considering rolling some of the Oct 26 strike puts out to Nov strangles at much lower strikes…is that a feasible idea?
NUGT BTC Sept 16 19…
NUGT BTC Sept 16 19 call for 0.05, sold yesterday for 0.95, watching my 17 and 18 calls for cheap exit
Closing NUGT puts
To avoid assignment, bought to close $NUGT Sep 16 19 puts @ .95. Sold for 1.18 on 8/25.
SPX calls sold for Monday expiration
Sold To Open $SPX Sept 19 2160/2165 calls @ .35, SPX at 2135
$DUST #ShortCalls #Rollup – rolled…
$DUST #ShortCalls #Rollup – rolled this speculative position out another couple of weeks.
Bought to close DUST Sep 16 2016 32.0 Calls @ 5.50
Sold DUST Sep 30 2016 35.0 Calls @ 5.60 – gained 3 points on the strike price.
At least my NUGT short Puts will expire today
$SVXY #CoveredCalls #IRA #Rollup -…
$SVXY #CoveredCalls #IRA #Rollup – the only roll I should have to do today in this stock. My other short calls in SVXY should expire today. YEAH!!
Bought to close SVXY Sep 16 2016 60.0 Calls @ 3.31 – originally sold at 4.20 s0 a win-win!!
Sold SVXY Sep 23 2016 62.0 Calls @ 3.84 – Only 1 more week and 2 points higher plus a 0.53 Cr.
UVXY call
#VXXGame Was trying to get a few of the new 45’s but only filled on one: STO $UVXY Nov 45 call for 3.25
GS calendar covered calls
Bought to Close GS SEP 16 2016 170.0 Calls @ .01 (sold for .65)
Selling these every week against Jan 2018 130 calls…only need about 60 cents a week to pay for the calls. I’ll eventually close the whole thing when Aunt Janet raises and banks get a boost.
$UVXY
Only made 1 trade today, so far anyway.
STO $UVXY Sep 30 $30.5 call (1) @ $1.75
For some reason, this is the highest strike for that weekly. Likely going to see higher strike prices coming and maybe even higher prices, so only sold qty 1
Market
Somebody started buying at 10:38. Market made a pretty good move higher and $UVXY took a dive. We’ll see if it lasts.
SVXY On June 30, I…
SVXY
On June 30, I sold a 60 call for 2.25, must have been a good idea at that time, it was around 50. Rolled it today to a 63 next week for even money but gained 3 points, sold a 52 put for 50. Almost to 80 last week.
NVAX PMCC
I thought NVAX was developing a new vaccine, not an intergalactic death ray! My poor man’s covered call got zapped this morning. I closed the short call and am now left with a long Jan ’17 7 call that is worthless today but has 4 months to recover some value. 24% of the float is short with 13.8 days to cover… Come on short squeeze! Y’all stay safe.
Volatility
I am trying to find a low risk method of trading the FOMC-induced volatility next week. A short or long straddle may be the best choice. If long this may be the best time to buy. Perhaps waiting until Tuesday to sell premium is the best timing and UVXY and NUGT are volatile instruments.
Has anyone else given this thought?
SPX puts sold
#SPXcampaign Sold to open $SPX Oct 14th 1980/1955 puts for 1.50, with SPX at 2133.
ORCL earnings experiment
Closed for .15 credit. Lost .04 so wishing I hadn’t raised the strikes a half point from the original trade. Needed a buck up instead of down. Regular old iron fly would’ve been the play…
Today is a quadruple witching…
Today is a quadruple witching – which is the simultaneous expiration of 4 sets of options…..Stock Index futures, Stock Index Options, Single stock options and single stock futures…it happens 4 times a year (qtr end) and is usually associated with much bigger volumes and volatility…..Look for extremely large volumes on both the openings and closings and while it looks ‘big and scary’ the fact is that in the final mins leading up to both bells – the stocks all pair off right where they are supposed to. You see – it is not a secret – traders expect it, and the mkt is well positioned to manage it.
Some Trades
STO $SPX 10/5 2240/2215 BECS @ 1.20
STO $SPX 10/14 2245/2220 BECS @ 1.25
STO $NFLX 10/21 85/110 Straddle @ 3.22
STO $FOSL 12/16 21 put @.80
STO $LULU 10/21 60/65 BUPS @ 1.30
STO $AAPL 11/18 120 call (covered)
Closed Early
$SPX 9/30 2270/2245 BECS @ 83% profit
NVAX….gulp!
$NVAX – Wow!
$IBB holdings:
Novavax 0.39% $28,428,369
$IBB on sale tomorrow?
$UVXY #ShortCalls – Sold to…
$UVXY #ShortCalls – Sold to Open 1 UVXY (Weekly) Oct 14 2016 45 Call @ 1.80.
They have started new strike 45 contracts for all the October weekly expirations. I’ll sell more on the next bounce in UVXY
TGO WYNN iron condor
A couple weeks ago DR put on a Sep 30th 75/80/105/110 iron condor @ .88 (I missed it so ended up using 103/108 on the call side). Since then WYNN has gone straight up so I kept thinking an adjustment would get sent out…DR has a 2 hour webinar on adjustments that I haven’t watched yet so I was expecting some magic this morning in the briefing. He basically advised that it wasn’t working so close it for the loss. I suggested maybe selling a slightly higher put spread to maybe recoup some of the loss but no go…guess I can’t argue with his logic but here’s what I’ve been doing…call me hard headed (or stupid…LOL)
———————————
Sold Sep 30th 75/80/103/108 @ .88 credit
———————————
Rolled 80 puts up to 95 @ 1.40 credit
———————————
Rolled 95 puts to this week 101 @ .29 credit
———————————
Rolled this week 101 puts up to 103 @ .84 credit
———————————
Rolled 103 puts up to 107 @ 1.05 credit
———————————
I’ve now collected 4.46 in premium with a max loss of 5.00 on the call side. Still 2 more weeks to sell. If these 107’s expire I’m considering just selling the Sep 30th 108/103 put spread @ 1.65. This would be exactly inverted against the calls giving me a total of 6.11 in premium basically locking in a profit greater than the original .88.
We shall see…
SPX call sold
#SPXcampaign Selling some extra call spreads above all time highs.
Sold to Open $SPX Oct 14th 2220/2245 call spreads for 2.30 (adding to this one at higher premium)
Sold to Open $SPX Sept 30th 2210/2235 call spreads for 1.75
TLT roll
Currently short some Oct. 133/145 strangles @ 1.06. The 145 call is pretty much worthless so rolling it down into the overhead supply resistance for additional credit.
Rolled Oct monthly 145 calls down to 137 for .85 credit.
REGN aggressive
She’s poking her head up through the 50 but banging her head on the 200. Counting on Aunt Jane to give the market a boost next week. Plenty of options to roll this thing if needed…
Sold REGN SEP 23 2016 400.0/370.0 BuPS @ 5.15
Closing SWKS
Bought to close $SWKS Nov 18 50 puts @ .17. Sold for 1.40 on 7/22.
OHI put
Sold $OHI Oct 21 35 put @ 1.00 looking to add 6.88% dividend yielder shares to IRA account.
REGN BuPS
This has been in and out of trouble all month. Getting out while I can. May sell the same one for next week. Closing just the short side…
Bought to close REGN SEP 16 2016 400.0/375.0 BuPS @ 1.80 (sold for 5.20)
CMG put
Sold $CMG Oct 14 (weekly) 385 put @ 3.00.
Using the expiration before the estimated earnings date. Strike is right at the low from June.
WFC
Wells Fargo WFC STO Nov 16 44 put for $1.24
RSI, bollinger band, Stoch all shows very over sold. 52 week low at 44.50. seems like at buy low stock to add to retirement account. dividend yield 3.27%
NUGT
sold stock for small loss 19.51 – 19.25, BeCS still in place and should more than cover the loss.
SPX Call spreads
SPX STO octwk4 call 2250/2275 for $1.05
SPX STO oct16 call 2235/2260 for $1.35
when SPX at 2142
NUGT
buy stock 19.51, sell BeCS Sept 16 19/24 for 0.90. I put a trailing stop on stock in case of reversal. Otherwise I’ll treat like a buy write. ROI 2% for a couple of days risk.
ORCL…interesting earnings trade
Sell Sep 16th 39/42 strangle
Buy Oct 14th 39/42 strangle
.55 debit which would be max loss. Basically selling higher IV and buying lower IV for protection. Doug says with near term IV collapse the trade will make money up to about twice the expected move. I prefer buying next week for protection. IV collapse in the long protection is a little higher than Oct 14 but can get the trade on for about .20 debit.
I’ll throw 5 contracts at it and see how it goes.
Going with this for .20 debit:
Sell Sep 16th 39/42 strangle
Buy Sep 23rd 39/42 strangle
Long Shot on NVDA…
BTO Nov 18 NVDA 70/65 BuCS for $1.48
This is a long shot, but my max loss is just $148 pp and have a possible win is $3.52 pp…so it is a nice 3:1 Return/Risk. and it has 64 days to work.
Matt Ryan I’m starting Matt…
Matt Ryan
I’m starting Matt Ryan over Jameis Winston this week, Tampa plays Arizona and Atlanta plays Oakland. Oh-sorry-wrong blog
MCK puts
Sold $MCK Jan 20 2017 110 puts @ 1.50–CORRECTED–THIS WAS AN INCORRECT MONTH AND STRIKE
Correct trade: Sold $MCK Nov 18 145 puts @ 1.50
#FallingKnife
MNST puts
MNST puts
Sold $MNST Jan 20 2017 110 puts @ 1.30
BMY
STO December 50 puts @1.21
AVGO covered call
#Earnings #CoveredCalls STO $AVGO Oct 21st 175 covered call for 3.30.
$BMY $FOSL #ShortPuts #FallingKnife -…
$BMY $FOSL #ShortPuts #FallingKnife – sold both these
Sold BMY Dec 16 2016 52.5 Puts @ 1.88
Sold FOSL Dec 16 2016 21.0 Puts @ 0.80
$SWN #CoveredCalls – Sold SWN…
$SWN #CoveredCalls – Sold SWN Oct 21 2016 16.0 Calls @ 0.52. I sold these early anticipating that my Sep 15.0 Calls will be expiring Friday
SPX calls closed
#SPXcampaign Bought to close $SPX Sept 30th 2235/2260 call spreads for .20. Sold for 1.50 on Sept 2.
Some #FallingKnife flavored trades Sold…
Some #FallingKnife flavored trades
Sold $VRTX Oct 21 75 puts @ 1.30. Stock at 89.39, delta 14.
Sold $WHR Jan 20 2017 120 puts @ 1.35. Stock at 165.30, delta 7.
