$SPY I have July 15, 213 and 216 wayward long calls left over from spreads after closing the short legs following Brexit. I sold 2, 210 calls expiring tomorrow for .25 each, will be watching closely.
Recent Updates Page 499
SVXY Covered Call
Sold $SVXY Dec 16 70 call @ 2.15
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Sep 16 2016 60.0 Calls @ 2.30 with the stock at 48.92.
Adding to my position.
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close 1 of my UVXY Jan 19 2018 115.0 Calls @ 1.50.
Originally sold this on 6/13 @ 3.60.
I’m sure these can be resold in the future with 568 days left until expiration.
Backtesting IC in SPX – TT
Yesterday TT did a backtest on Iron Condors on the SPX.
https://www.tastytrade.com/tt/daily_recaps/2016-06-29/episodes/backtesting-iron-condors-in-spx-06-29-2016
Watch how they do it.
SVXY Covered call
STO December 64 call@3.50
WMT pushing up after Squeezes fired.
There were squeezes in the 39, 78, and weekly charts which fired long.
The daily chart hasn’t fired yet, so I bought some Jul 8th 72 Calls this morning for $1.05.
SPY Analysis
https://www.tradingview.com/x/tp8f57Uy/
SPX expiration
#SPXcampaign Expired last night: $SPX July 29th 1950/1925 put spreads. Sold for 1.34 (avg price) last Friday.
SPX campaign Chart and VIX Indicator have been updated
Interesting comment on Fast Money from Tom Lee, who makes a lot of accurate market calls. He said their research showed that since 1940, all 10 times the market has gone down over 5% in 2 days, while also being above the 200-ma when it started, the markets recovered within six months, with an average up move of 10%. If that 100% performance sustains, we will see new highs by the end of the year.
UVXY call spreads
Took these off today for a 3 day quickie…
Bought to Close UVXY AUG 19 2016 20/30 Bear call spreads @ .43 (sold for 1.05)
$SVXY #CoveredCalls #VXXGame – Sold…
$SVXY #CoveredCalls #VXXGame – Sold SVXY Sep 16 2016 60.0 Calls @ 2.20 with the stock at 48.47 after hours
SPX calls rolled
#SPXcampaign #Rolling Well it turned out to be a mistake doing a #ReverseRoll for stopped puts on Monday. Going farther out in time for this roll so I can be at a comfortable distance OTM.
Bought to close $SPX July 8th 2075/2100 call spreads for 9.60. Sold for 3.00 on Monday.
Sold to Open $SPX August 18th 2130/2155 call spreads for 6.35 (1.5x position size).
$PCLN June 27 sold a…
$PCLN June 27 sold a 1040/1025 BuPS for 1.26 thinking PCLN shares had overreacted (I think RK pointed that out-thank you), bought back today for .22
$VXX bought back Aug. 19…
$VXX bought back Aug. 19 VXX 20 call for .61, sold Monday for 1.61. Thank you VXX game proponents
NUGT roll out
#ContangoETFs Rolling breached short call into a strangle:
BTC NUGT July 15th 120 call for 15.40 (sold for 11.00 on June 3rd)
STO NUGT August 5th 80/150 strangle for 15.80
Also, new position:
STO NUGT August 19th 175 call for 10.70 (highest strike)
AMZN call spread
AMZN moving higher close to recent high. sold Aug 820/840 calls for $2.05 when AMZN at 716.5.
10% ROI.
What are the SPX Campaign Rules?
A seen a few post where the term spx campaign rules was used. What are said rules? Can anyone share? Thanks in advance.
SKEW history
Below I’ve compiled a daily chart of the SKEW since 2013 to show how accurate it can be. Most peaks in the SKEW (above 140) are followed by corrections. We don’t always get a signal; the August 2015 crash was preceded by no SKEW peak. But when it does peak, a correction almost always follows. Slightly less reliable but still significant are signals below 120… we usually get a strong rally. 10/15/14 and 9/30/15 are good examples, with rallies beginning the very same day that brought us back to pre-correction highs.
Iron Fly. Last week a…
Iron Fly. Last week a few of us sold a 2090/2100/2100/2110 iron fly expiring last Friday. This genius inadvertently sold it for June 29(I can read and count, usually). If this rally continues into tomorrow, I could end up making money in which case I’ll swear off beer and volunteer at a soup kitchen or two, well maybe the soup kitchens.
SPX call spread sold
Sold another call spread: Aug 5 2150/2160 @ 1.15 when SPX at 2063
SPX Fib resistance
Today’s peak in SPX (thus far) is the 61.8 Fib retracement from the Pre- and Post-Brexit plunge. That could be a potential resistance level from going higher. Or if we break above 2070, it isn’t.
SVXY covered calls
$NUGT pre-split strikes
@Iceman…I’ve seen you do this type of thing before so I was wondering what your thoughts were about something like January 35 calls (pre 1:10 reverse split) if you could get let’s say 1.00 for them. That would be the equivalent of 10.00 for 350 strike in January. Normal chain only goes up to 185.
$SVXY
BTC $SVXY Jul 8 $67 calls @ $0.05
SPX calls sold
#SPXcampaign Sold to Open $SPX July 29th 2155/2180 call spreads for 1.40, with SPX at 2066.
SVXY
Covered calls. As the market grinds higher I am selling calls against the stock I was assigned last week.
STO December 71 call @2.00
STO December 66 call@2.90
STO December 65 call@3.10
$SVXY #CoveredCalls #VXXGame – since…
$SVXY #CoveredCalls #VXXGame – since I added a bunch of long stock last week and am still short 44.5 and 45 Puts for this week, and next, I added the following positions:
Sold SVXY Jul 1 2016 52.0 Calls @ 0.15 with the stock at 47.39 – these expire Friday
Sold SVXY Jul 1 2016 52.5 Calls @ 0.15 with the stock at 48.00 – these expire Friday
Sold SVXY Jul 8 2016 53.5 Calls @ 0.55 with the stock at 47.91 – these expire next Friday in a short trading week
So $NUGT is around its highs
Matching the levels it reached during the last peak on May 2. I thought I’d take a look at the same time period for $GDX. Since May 2, $GDX is about 6% higher, while $NUGT is 0%. Obviously the momentum is with this name right now but the triple-leveraged drag shows pretty significantly even over a short time period like this because of all the volatility. I’ll be selling puts on the next pullback to offset all my short delta in this but in general, long term out of the money calls (when the premium is there) have an edge. I sold some Jan 185s earlier. Will look for higher premium if NUGT keeps moving up.
$UVXY $SVXY
To tag onto Iceman’s chart yesterday. Today $UVXY already dropped below where it was at the close last Thursday. $SVXY on the other hand is still more than $10 below where it was at.
NUGT
Sold December 70 put@14.00
Put spreads closed this morning
#spxcampaign
Bought to close July 14th 1850/1825 puts for .20. Sold June 16th as part of iron condor for 2.45.
Bought to close July 14th 1860/1835 puts for .20. Sold June 16th for 1.50.
Bought to close July 22nd 1800/1775 puts for .20. Sold Monday as part of iron condor for 2.70
NUGT Jan call
Sold $NUGT Jan 20 185 call @ 29.00. Highest strike.
Premium is a bit higher now.
$SVXY
STO July 8 $52.5 calls @ $0.65
Next week is a short week, likely very light volume and I think the market and $SVXY are going to run into some resistance. Easy to roll if needed. Would rather be rolling $SVXY calls than puts right now.
$UVXY #ShortPuts – added these…
$UVXY #ShortPuts – added these to my short put portfolio
UVXY JUL 8 2016 8.0 Puts @ 0.20 – short trading week next week
UVXY JUL 29 2016 7.0 Puts @ 0.32
$UVXY #ShortCalls #ClassicVXXGame – Bought…
$UVXY #ShortCalls #ClassicVXXGame – Bought to close 1/3 of my UVXY Jan 19 2018 115.0 Calls @ 1.75.
Originally sold these on 6/13 @ 3.60.
I’m sure these can be resold in the future with 569 days left until expiration.
$SVXY #CoveredCalls #VXXGame – Sold…
$SVXY #CoveredCalls #VXXGame – Sold SVXY Sep 16 2016 60.0 Calls @ 2.00 with the stock at 47.21
#SPXcampaign SOLD 20 JUL 16…
#SPXcampaign SOLD 20 JUL 16 2130/2155 CALL @1.30 CBOE
SPX put spread closed
BTC SPX Jul 8 1950/1940 for 0.30.
Originally sold for 0.70.
Glad to get out at above 50% max profit a week early. I agree with Jeff, I have a bearish sentiment and glad to get this spread closed. I see no reason this market is going to push to a new high soon. What would be the catalyst?
SVXY
Sold to open December 69 covered call @2.25
SKEW hits all-time high
The SKEW index was created by CBOE in 2011 to help deal with risk of large down moves in SPX. It makes only one reading per day, and yesterday’s reding of 153.66 was the highest since they started publishing readings. (see more inf o on SKEW here: http://www.cboe.com/micro/skew/introduction.aspx)
Typically, reading above 135 are bearish, and readings below 120 are bullish.
$SVXY #CoveredCalls #VXXGame – yesterday…
$SVXY #CoveredCalls #VXXGame – yesterday I covered about 20% of my overly large short Sep 60.0 Call position on SVXY at 0.95 and at 0.90.
Today I changed my mind and decided to re-establish the position. It occurred to me that I just added to my long stock position Friday via Put assignments, and might do so again this week if SVXY goes back down below 44.50.
Sold SVXY SEP 16 2016 60.0 Calls @ 1.55 / 1.60 / 1.65.
Not bad for a 24 hour turnaround.
$UVXY #ShortPuts #VXXGame – I…
$UVXY #ShortPuts #VXXGame – I was obviously way too early on my previous trades but these are better.
Sold UVXY JUL 22 2016 7.5 Puts @ 0.32
Sold UVXY JUL 15 2016 8.0 Puts @ 0.32
Sold UVXY JUL 1 2016 9.5 Puts @ 0.22 – these expire Friday unless we see a new low in UVXY
SPX chart and VIX Indicator are updated
Dead cat bounce or did we already bottom?
SOME TRADES:
$UVXY BTC 7/1/16 18.0 CALLS @.08, 20.0 CALLS @.05
$UVXY BTC 7/8/16 20.0 CALLS @.16, 21.0 CALLS @.12, 22.5 CALLS @.09
Is BRexit scare over ?
All of a sudden the SPX took flight…what happened?
SPX calls closed
#SPXcampaign Bought to close $SPX July 14th 2175/2200 calls for .10. Sold for 1.90 on June 13th.
SVXY covered calls
STO August 19, 57 call@1.15
December 60 call @3.20
SPX calls closed
#SPXcampaign Bought to close $SPX July 22nd 2180/2205 call spreads for .15. Sold for 1.35 on June 20th.
$UVXY #ShortPuts #ScalpTrades – sold…
$UVXY #ShortPuts #ScalpTrades – sold the following for this Friday’s expiration
Sold UVXY Jul 1 2016 9.5 Puts @ 0.05
Sold UVXY Jul 1 2016 10.0 Puts @ 0.11
Sold UVXY Jul 1 2016 10.5 Puts @ 0.20
If I can goose SVXY up to 45 by Friday it would be a big help
SPX calls sold
#SPXcampaign Sold to Open $SPX July 14th 2100/2125 call spreads for 1.50, with SPX at 2023. I am more comfortable being short calls than puts, even below the highs, because rolling will be easy if we continue to rally.
SVXY
STO August 19, 55 call @1.50
STO September 16, 60 calls @1.35
Selling calls against the last week assignments
$VXX $SVXY $UVXY – YTD…
$VXX $SVXY $UVXY – YTD performance on Volatility stocks.
This is why we make money selling calls on all of these
$SVXY
BTC July 1 $40 puts for a small profit. Not trusting the market right now. Today’s bounce has anemic volume and seems to be drifting lower.
SOME TRADES:
$WLL BTO STOCK @9.0
$WLL STO 7/1/16 9.0 CALLS @.45 A buy/write
$WLL STO 7/1/16 8.50 PUTS @.20
$DUST STO 7/1/16 9.50 CALLS @.25
$VIX #Brexit – an interesting…
$VIX #Brexit – an interesting read after the fact. Volatility is falling pretty hard now.
$DB Duetsche Bank Bought a…
$DB Duetsche Bank Bought a July 15, 15 put for 1.35. It has been slammed, rallied a little today and seems to be heading south again.
$UVXY Sold July 8 11.50…
$UVXY Sold July 8 11.50 put for .90
Based on prior experiences and…
Based on prior experiences and losses, I am very causious about selling any call spreads after this pullback. It can comeback very forcefully. Planning to sell Call Spread if I get a decent premium above all time high’s 2140.
#Markets #FallingKnife #ShortPuts – I…
#Markets #FallingKnife #ShortPuts – I sold all the following yesterday. Only the UAL position was sold way too early.
Most of these are scheduled to expire Friday.
$AAL Jul 1 2016 25.5 Puts @ 0.44
$CF Jul 1 2016 23.5 Puts @ 0.56
$DUST Jul 1 2016 9.0 Puts @ 1.05
$FL Jul 15 2016 50.0 Puts @ 0.55
$IBB Jul 1 2016 235.0 Puts @ 1.30
$UAL Jul 1 2016 39.0 Puts @ 0.59
SPX calls closed
#SPXcampaign Bought to close $SPX July 8th 2175/2200 call spreads for .10. Sold for 1.65 on June 6th. Closed for margin purposes.
Out KOLD
I just closed my last position in this name and now I’m out of it completely for the first time in about a year.
Bought to close $KOLD Aug 19 115 call @ 10.00. Sold for 55.80 as part of a rollout on 5/10. After 5 rolls (including an early assignment) my overall profit on this position was 5.59.
SPX Iron Condor with a Twist
STO Jul 20 SPX 2090/2115 BeCS for 3.25
STO Jul 20 SPX 1930/1905 BuPS for $3.10
BTO Jul 20 SPX 2040/2045 BuCS for $2.45
SPX calls sold
#SPXcampaign Sold to Open $SPX July 22nd 2115/2140 call spreads for 1.45, with SPX at 2023.
SPX puts closed
#SPXcampaign Bought to close $SPX July 6th 1850/1825 puts spreads for .20. Sold as part of a condor-roll on 6/14 for 2.30.
Put out with profits!!!
SPX that is…puts out at the open today.
Yesterday STO Jul 1 1910/1900 put spread for 0.70, BTC at the open today for 0.15.
Yesterday STO Jul 1 1930/1920 put spread for 0.80, BTC at the open today for 0.30.
Total of 70% of max profit in less than a day. I love it!
Good Morning
We are getting a nice bounce this morning.
/VX VIX futures
Sold at 22.75 on the last second spike earlier and just covered at 21.75. A full point while packing for work..LOL I’ll take it!
#SPXcampaign chart and VIX Indicator…
#SPXcampaign chart and VIX Indicator have been updated. Have a good night, y’all!
VIX
I find it odd that the market finished down 1.5% and more on the SPX but the VIX was also down 2.7%. I guess it is telling us that we are going to get a bounce in the morning.
$PCLN Sold a July 15…
$PCLN Sold a July 15 1040/1025 BuPS for 1.26 while I was getting my oil changed. It was around 1182 at the time.
$TLT short calls
I’m looking for bonds to (at a minimum) slow their explosive move up over the next week or so. Selling 22 delta calls for July expiration.
Sold $TLT Jul 15 144 calls @ .75
$RCL Falling Knife trade
Sold $RCL Dec 16 45 puts @ 1.27
NUGT and FB
Earlier, STO NUGT July 22nd 80 put for 3.90.
Also, STO FB July 22nd 106 covered put for 1.70. Definitely too early on that one.
Closing some SVXY calls
Closing these positions for near max profit.
Bought to close $SVXY Aug 19 70 calls @ .15. Sold for 2.00 on 6/21.
Bought to close $SVXY Sep 16 75 calls @ .20. Sold for 2.45 on 5/13.
