Nail-biter day with the AMZN trade, sweating a bit, but breathing calmly now!
AMZN 730/725/715/707.5 IC – Sold today for 1.10 and expired worthless.
SPX 2090/2075 put spread – sold today for 1.15 and expired worthless.
Ready for a calmer weekend! Hope the same for you all.
All I have is:
SVXY 55 put
SVXY 53 put
— Expiring —
DUST 22 call
SPX 2135/2160 call spreads
SPX 2090/2070 put spreads
Have great weekend!
#OptionsExpiration
All I have this week
$NUGT $155 calls
Closing this one for almost full profit.
Bought to close $NUGT Jun 17 57 puts @ .07. Sold for 2.76 on 5/24.
Closing SPY scalp
Maybe a little piggish but it started to run toward the end of the day and with the decay in hyperdrive I hung on for some more.
Bought to close $SPY Jun 10 209.50 puts @ .02. Sold for .26 earlier.
Interesting there is 10 points difference between /ES (2083) and SPX (2093)
#SPXcampaign Here’s a good example of why you should avoid automated stops on spreads, especially SPX spreads. This is a screen shot from my broker I just took. It’s the spread I sold this morning, 2090/2070. Bid is .15 and ask ia 10.45, so Mid is 5.30! If I had put a 3.00 auto-stop on it, it would have survived the whole day until a few minutes ago. Of course, the bid/ask can get wacky when it’s about to expire in 30 minutes (and also first thing in the morning, and after hours), but this kind of anomaly can happen at any time and slam you out of your spread with a horrible fill.
$UVXY #ShortCalls #VXXGame – Sold UVXY Sep 16 2016 55.0 Calls @ 0.70 with the stock at 12.20.
$UVXY #ShortCalls #VXXGame – Sold UVXY Jul 15 2016 32.0 Calls @ 0.51 with the stock at 12.07.
Highest available strike.
#SPXcampaign Sold to Open $SPX June 15th 2060/2035 put spreads for 1.70, with SPX at 2093. Expires Wednesday at the close. Thirty points down in three days could easily happen, so if we drop further today and/or don’t bounce Monday I will roll this.
SPX closed a June 24 iron condor for 80, sold for 1.64 on May 9. 1900/1890/2160/2170. SPX isn’t going to 1900 next week-probably not but…
Trying a quick premium scalp trade on the SPY. Sold $SPY 6/10 209.50 puts @ .26. Seeing if can get .10 out of it.
Getting close to having a roll out on today’s spread. This spread will move up in price VERY fast if we keep dropping. Be careful.
#VXXGame Joining the party
Sold $UVXY Jul 15 32 calls @ .45. Highest strike in July.
Pretty big VIX increase on the day, going through 2D Bollinger bands. Looks like biggest 1-day percentage increase of the year; but still short of the 25% needed to fire the Bistro VIX Indicator… 17.60 is that level.
If only I had bought the VIX future two days ago when I posted it!
#VXXGame Finally some action to offset my puts that have been underwater and ITM for weeks…
Following @Iceman…
STO UVXY July 1st 25 calls for .43
STO UVXY July 8th 22 calls for .60
STO UVXY July 22nd 22 calls for 1.00
$UVXY #ShortCalls #VXXGame – I continue to add these as volatility rises.
UVXY topped out at 11.70 today (so far)
Sold UVXY JUL 1 2016 25.0 Calls @ 0.40 – highest available strike
Sold UVXY JUL 8 2016 22.0 Calls @ 0.58 – highest available strike
Sold UVXY JUL 15 2016 24.0 Calls @ 0.63
Sold UVXY JUL 22 2016 22.0 Calls @ 0.95 – highest available strike
and finally … Sold UVXY Sep 16 2016 55.0 Calls @ 0.60
$NUGT #ShortStrangles – Sold 1 NUGT Jun 24 2016 70/150 Strangle @ 3.60.
Also covered this week’s 117 calls @ 0.05, just in case.
Pretty much trimmed my positions back to minimal…some covered calls on a few stocks, a little SPX, and a few NUGT strangles. Gonna be in Nassau all next week (my daughter’s Dean’s list reward…LOL). Not sure how the wifi is there and how much time I’ll have to watch the market. I’m guessing it’ll be a crazy week with the FOMC, Grexit, and triple witching so good luck everyone and stay small!
Now…where is that little umbrella for my drink???
STO September 35 puts @1.45 starting small but will add on a big decline.
STO June 24, 70 put @1.25
STO July 1, 60 put @0.85
SVXY, BTC June 17, 55 put @.85 sold @1.05 yesterday. Getting to close for comfort. I am getting nervous about this market.
STO Jul 1 $65/$160 Strangle @ $4.70
$NUGT need to react to falling price ($115 to $105). Roll Jun 10 115 c to Jun 17 $110 for $7cr. Considering selling put to free stock for sale in IRA. Care to share your opinion?
Sold 1 June 24th 50 Put @ 1.05 when $SVXY was at 60.21. Wary of this market. Time for lunch and back to sitting on my hands. Helps the diet too. Ha!
$PANW I sold an iron condor for earnings that included a 170/175 BeCS. After earnings I closed the short 170, kept the 175, and have been selling long calls as PANW has dropped, closing them along the way. Today I sold a June 17, 140 for .35, PANW is at 132. I should have kept the 145 I sold on the 7th and bought yesterday, but I’m trying to be disciplined and close at 50-60% gain.
$NUGT #ShortPuts – Sold NUGT JUN 17 2016 82.0 Puts @ 1.05 replacing similar positions expiring today.
One week until expiration
$NUGT #ShortCalls – Bought to close NUGT JUN 10 2016 110.0 Calls @ 1.10 to make a small profit.
A bit of patience today paid off.
Sold $NUGT Jul 1 70 puts @ 2.00. Offsets many short call positions so no margin requirement.
STC GS 150/160 BePS for $6.10 Bought it for $4.15 on Tue. 🙂
STC MA Calls for $0.88; had bought it for $1.90 yesterday….:-(
STO AMZN Jun 10 730/725/715/707.5 unbalanced iron condor for 1.10.
AMZN seems to be stabilizing around 717-718. I’ll be watching closely, but seems profitable for the day
For those of you trading the SPX. 
$UVXY #ShortCalls #VXXGame #OptionLadder – sold a whole bunch of calls against existing long stock
UVXY JUN 24 2016 22.0 Calls @ 0.28
UVXY JUL 8 2016 22.0 Calls @ 0.39
UVXY JUL 15 2016 24.0 Calls @ 0.49
UVXY JUL 22 2016 22.0 CallS @ 0.66
UVXY SEP 16 2016 45.0 Calls @ 0.69
UVXY SEP 16 2016 50.0 Calls @ 0.61
Wish there were higher strikes in the $NUGT calls in the coming weeks.
STO Jul 1 $45 puts @ $0.80
STO Jul 8 $45 puts @ $1.05
STO September 36 put @1.55
$SVXY #ShortPuts #VXXGame – selling puts at strike prices up to 25% below the current price
Sold 1 SVXY Sep 16 2016 39.0 Put @ 2.05
Sold 1 SVXY Sep 16 2016 40.0 Put @ 2.20
Initial positions at these strikes.
#SPXcampaign Sold to Open $SPX June 10th 2090/2070 put spreads for 1.35, with SPX at 2098
Bought stock @ 13.62
STO 6/17 13.50 Puts @ .45
STO 7/15 12.50 Puts @ 1.00
$SVXY #ShortPuts #VXXGame #OptionLadder – adding to my positions
No margin cost because of a excess of short calls on this stock.
SVXY JUL 1 2016 45.0 Puts @ 0.60
SVXY JUL 15 2016 46.0 Puts @ 1.10
$ETE STO 6/17/16 13.50 PUTS @.45
$ETE STO 6/24/16 13.0 PUTS @60
$SVXY #ShortPuts #VXXGame #OptionLadder – another account with an #OptionLadder in SVXY.
No margin cost because of a excess of short calls on this stock.
SVXY JUN 17 2016 53.0 Puts @ 0.40
SVXY JUN 24 2016 48.0 Puts @ 0.50
SVXY JUL 1 2016 45.0 Puts @ 0.50
SVXY JUL 15 2016 46.0 Puts @ 1.05
$UVXY #CoveredCalls #ShortCalls #VXXGame #OptionLadder – setting up some short calls for the next 5 weeks with strike prices over 100% out of the money.
As the near week options expire, the later week options become covered. Very inexpensive short positions to carry on margin.
UVXY JUN 17 2016 20.0 Calls @ 0.07
UVXY JUN 24 2016 21.0 Calls @ 0.16
UVXY JUL 1 2016 21.0 Calls @ 0.29
UVXY JUL 8 2016 22.0 Calls @ 0.32
UVXY JUL 15 2016 23.0 Calls @ 0.42
#SPXcampaign Bought to close $SPX June 16th 2135/2160 call spreads for 2.40. Sold as part of an iron condor for 3.30 on May 25th.
SPX got within 20 points, so need to stick to my rules and close this. Escaping with profit (assuming 1940/1915 puts will expire), so good for now, although I will likely replace it if we push back toward 2120.
I’m closing the Jun 133/140 strangle I rolled to from the May 27 135 puts (earnings trade) gone bad.
Bought to close Jun 17 133/140 strangles @ 2.70. Sold for 7.10 on 5/27.
Overall profit (including rollout): 1.29
STO June 24, 50 puts @0.65
STO July 15, 47 puts @1.15
DIS July 22 93.50 P 93.50 Put sold for $1.10 when Disney @97.25
Has gotten hammered in the rebound in nat gas, now at 125. I still have some in the money call positions that have been rolled several times (now in August) at 120, 115 and 110. Considering the carrying cost and the time left, if I can close any of them at an overall profit I’ll be doing that. Have some bids in but it’s a crapshoot with the wide spreads.
STO July 15, 50 put @1.55
#SPXcampaign Sold to Open $SPX July 1st 1990/1965 put spreads for 1.30, with SPX at 2109.
FB is on a squeeze on almost every time frame chart. It seems to want to come down, so I bought a BW Put BF for next week expiration 113/115/119 for $1.16; that is my max risk $116 pp. This trade will make money as long as FB finishes below the 117.87 BEP. Mort gave me the idea and I went with it.
Now MA looks like it wants to move higher since the squeezes in the 39 min and 78 min charts have all fire to the long side. So I bought some Calls; BTO Jun/24 MA 96.5 Call for $1.90.
Getting back into the game. STO:
June 24, 52 puts @0.80
July 1, 51 puts @1.05
July 8, 50 puts @1.15
$SVXY #ShortPuts #OptionLadder – I sold the following this morning
SVXY JUN 24 2016 52.0 Puts @ 0.75
SVXY JUL 1 2016 51.0 Puts @ 1.05
SVXY JUL 8 2016 50.0 Puts @ 1.10
#SPXcampaign Sold to Open $SPX July 8th 1975/1950 put spreads for 1.30, with SPX at 2109.
Drag. Yesterday, $GDX went above the 5/2 high. $NUGT topped out $10 below it’s 5/2 high.
I was at an all day offsite yesterday so away from the market. Had a GTC order get filled.
STO $NUGT Jun 24 $160 call @ $2.10
$CF #CoveredCalls – Sold CF Jun 24 2016 35.0 Calls @ 0.26. I’m long some stock plus short some long term puts.
SPX Jun 8 2130/2125/2090/2085 IC that I sold on Monday for 1.00, expired worthless. 100% profit.
$DUST #ShortCalls – covered a couple of positions early at minimum value –
Bought to close DUST Jun 24 2016 22.0 Calls @ 0.05
Bought to close DUST Jul 15 2016 33.0 Calls @ 0.05
No commission on either trade.
$SVXY #ShortPuts #VXXGame – Sold SVXY Jul 15 2016 49.0 Puts @ 1.15
$SVXY #CoveredCalls #VXXGame #Rollup – More rolls for this week’s #ITM positions.
Bought to close SVXY June 10 2016 60.0 Calls / Sold to Open SVXY Jul 15 2016 64.0 Calls at a 0.70 Credit
Bought to close SVXY June 10 2016 62.0 Calls / Sold to Open SVXY Jul 01 2016 66.0 Calls at a 0.40 Credit
I only have this week’s strike 65 calls left to cover but I may take assignment if the stock ends up above 65 on Friday.
I was assigned early on these so I’m buying them in and sold calls to replace the assigned contracts. I sold the options first, before buying the stock back (when NUGT was 109), and then got a bit of a lucky break as NUGT started to weaken. I waited as the stock went down and got out at 106.78. But I’ll take whatever good news I can get when rolling ITM losses like this.
Assigned on June 45 and 48 calls.
Bought the stock to cover at 106.78.
To recapture from assignment of 45 call: 61.78 (106.78-45.00)
Sold $NUGT Aug 19 45 call @ 65.00
Credit: 3.22
To recapture from assignment of 48 calls: 58.75 (106.78-48.00)
Sold $NUGT Sep 16 48 calls @ 63.70
Credit: 4.95
$NUGT #ShortCalls #Rollup – I had been holding out hope that these positions would work out but this morning’s move put a stake in the heart of that idea. So I rolled up and out.
Bought to close NUGT Jun 17 2016 72.0 Calls / Sold NUGT Jan 20 2017 120.0 Calls @ a 0.15 Credit
Bought to close NUGT Jun 17 2016 94.0 Calls / Sold NUGT Sep 16 2016 145.0 Calls @ a 0.15 Credit
I added significantly to the strike prices without spending any cash. It’s just going to cost me time (I hope)
http://seekingalpha.com/article/3980632-best-buy-market-right-now-august-vix-futures-contract-video?app=1&auth_param=bf3bv:1blfkoo:53c73d9b1d8b5363747e28713c6eefb2&uprof=37&utoken=5b32faa14fc320dfd5f3f44880808118
First post of the day? Wow, this is a boring market. I’m pretty short the market with a bunch of call spreads. Nothing much to do but wait for some pullback or roll things higher and farther.
Sold $CMG Jul 15 390 put @ 4.50. Adding to July position at a lower strike.
Two days to expire
$WYNN 90/100 BUPS @ .54
STC Jun 24th LVS 45 Call at $2.85 bought last Wed for $2.05.
It fired yesterday but today is not working as it should so I took the profit.
GM
$LULU-they were right!
$LULU They are loading up on LULU earnings trades over at TT, primarily bullish. From a cursory look at the last year, it looks like a risky venture either way.
$SVXY #CoveredCalls #VXXGame #Rollup – More rolls for this week’s and next week’s #ITM positions.
Bought to close SVXY June 10 2016 59.0 Calls / Sold to Open SVXY Dec 16 2016 75.0 Calls at a 0.65 Credit
Bought to close SVXY June 17 2016 60.0 Calls / Sold to Open SVXY Jan 20 2017 80.0 Calls at a 1.10 Credit
I’ve really pushed my strike prices up to the point where I feel comfortable letting some stock go in the next few weeks if some short calls get me out above today’s high of around 66.50 including the premium received.
#SPXcampaign Sold to Open $SPX July 8th 1980/1955 put spreads for 1.30, with SPX at 2112.
$SVXY #CoveredCalls #VXXGame – rolled these early in the week so I don’t have so many to roll Thursday or Friday.
Bought to close SVXY June 10 2016 60.0 Calls / Sold to Open SVXY Jul 15 2016 64.0 Calls at a 0.10 Credit
Bought to close SVXY June 10 2016 60.0 Calls / Sold to Open SVXY Dec 16 2016 75.0 Calls at a 2.00 Credit
Sold June 24th 71 Call @ 1.20. Covering the last of my long stock in my smaller account. I will take assignment. I just keep waiting and hoping for that pull back that never seems to want to happen. Just waiting….
