Sold $CMG Jul 15 400 put @ 4.20
Recent Updates Page 505
NUGT put closed
#ContangoETFs BTC NUGT June 17th 100 put for 10.00. Sold for 15.50 on May 2nd
SPX call roll
#SPXcampaign #Rolling
BTC $SPX June 16th 2130/2155 call spreads for 5.50 (sold for 1.40 on May 20th)
STO $SPX June 30th (monthly) 2160/2185 spreads for 3.90 (1.5x position size)
BePS on GS
GS is on a squeeze on the daily and weekly chart.
BTO Jul 16 GS 150/160 BePS for $4.15
I believe that if the Feds don’t rise interest GS may retest the Jan 20 lows.
A COUPLE:
$MGM STO 6/17/16 24.50 PUTS @.48
$UVXY STO 6/17/16 10.0 CALLS @.52 I find it easier to roll the calls than the puts in this name.
IBB put
Adding another one…
Sold IBB Jul 15 2015 260 Put @ 3.20
MGM
STO June 17, 25 put @1.02
BIIB
Followed Iceman. STO 1 contract January 2017, 210 put @10.50
SPX Call Spread Sold
July WK2 2185/2205 for $1.15 when SPX @2116
$BIIB #ShortPuts #Fallingknife – Sell…
$BIIB #ShortPuts #Fallingknife – Sell the Jan 2017 210.0 Put @ 10.50. A 5% return on cash in 7 months with a $200 breakeven
New highs, new lows
New 2016 highs today for $SPX and $RUT.
Fourth day straight of all-time lows for $VXX and $UVXY.
$NUGT #Market He guy’s, back…
$NUGT #Market
He guy’s, back from trip. Fishing was good. It was great to just relax and not think about the market (or the day job) for a whole week. Looks like I didn’t miss anything until Friday morning. Today I was jammed so just now getting a chance to look for opportunities to enter a few new trades in $NUGT. Wanting to stay small until after the fed meeting.
Tasty Trade discuss Karen
They say they’ll address it more fully when they know more, but here they respond to a caller’s question about Karen (starts about 17:45 in)
https://www.tastytrade.com/tt/shows/talkin-with-tom-and-tony
SPX iron condor expiring in 2 days.
A little more risky, but STO Jun 8 2130/2125/2090/2085 iron condor for 1.00.
ABBV
STO July 15, 57.5 put @.60
RTN
STO, June 135 puts @1.75
SPX calls sold
#SPXcampaign Sold to Open $SPX July 8th 2175/2200 call spreads for 1.65, with SPX at 2108.
Fed’s today…Yellin speaks in Philly…
Fed’s today…Yellin speaks in Philly at 12:30ET
Options Expiration 6/3/16
#optionsexpiration
Only 2 expiring today:
NUGT 90 put (was going for 20.00 on Tuesday)
AVGO 150/145 put spreads
Tasty Trade response
Tastytrade has taken down the video of Karen’s last interview and put up this notice.
Like many, we are concerned about the SEC investigation into the accounting and reporting practices of Karen Bruton and her firm Hope Advisors. Ms. Bruton is not an employee of tastytrade and last appeared and was interviewed on the network 2 years ago, as a guest. In light of the investigation, we have removed all past videos airing Ms. Bruton for the time being. We at tastytrade believe in full and transparent disclosure by money managers and will continue to advocate on behalf of the retail trading community.
Jack Follick
#OptionsExpiration for Jun 3 Only…
#OptionsExpiration for Jun 3
Only 2 expirations today:
$NUGT 06/03/16 60 puts
$NUGT 06/03/16 61 puts
No assignments.
Can’t believe it’s Friday already. Have a great weekend everyone.
#OptionsExpiration #Weeklys #Jun03 – a…
#OptionsExpiration #Weeklys #Jun03 – a pretty quiet week this week. Got my cash back and a nice profit from some retail stocks I picked up during earnings season.
— Expirations —
DUST (Weekly) Jun 3 2016 20 Calls (Covered)
MRO (Weekly) Jun 3 2016 14 Calls (Covered)
NUGT (Weekly) Jun 3 2016 50 Puts
NUGT (Weekly) Jun 3 2016 54 Puts
NUGT (Weekly) Jun 3 2016 55 Puts
NUGT (Weekly) Jun 3 2016 59 Puts
NUGT (Weekly) Jun 3 2016 60 Puts
NUGT (Weekly) Jun 3 2016 61 Puts
NUGT (Weekly) Jun 3 2016 64 Puts
NUGT (Weekly) Jun 3 2016 65 Puts
NUGT (Weekly) Jun 3 2016 70 Puts
NUGT (Weekly) Jun 3 2016 115 Calls
NUGT (Weekly) Jun 3 2016 120 Calls
NUGT (Weekly) Jun 3 2016 130 Calls
SVXY (Weekly) Jun 3 2016 35 Puts
SVXY (Weekly) Jun 3 2016 40 Puts
UVXY (Weekly) Jun 3 2016 25 Calls (Covered)
UVXY (Weekly) Jun 3 2016 26 Calls (Covered)
UVXY (Weekly) Jun 3 2016 30 Calls (Covered)
— Assignments —
KORS (Weekly) Jun 3 2016 43 Calls (Covered)
M (Weekly) Jun 3 2016 34 Calls (Covered)
Jeff thank you for analyzing…
Jeff thank you for analyzing $AVGO yesterday, all are expiring worthless. Thank you again
Expirations
I have been taking positions off early so have only 2 expirations for today. Tasty trade recommends that you take off positions when they have 50% profit and I did that last month. I have found that I left a lot of profit on the table so have stopped doing that strategy even though it frees up a lot of capital. #optionsexpiration
SVXY 35 put
NUGT 50 put
#SPXcampaign BTC SPX 10 JUN…
#SPXcampaign BTC SPX 10 JUN 16 2135/2160 BrCS @.35 sold it for 1.55 on 5/25/2016
SPX Sold short strikes expiring today- risk off
#SPXcampaign 6/1 STO 2070/2065 put spreads @ .35, 6/2 STO 2115/2120 call spreads @ .35, and Iron Condor expiring today, BTC both put and call spread short strikes @ .05 each taking risk off, longs will expire worthless. I’ve been bitten before by SPX late day snap backs, happy with 86% profit and free to leave early for the beach.
Have a great weekend fellow Options Bistro traders and Jeff “thanks a latte!”
PS: Anyone hear anything on TastyTrade about Karen-the-Super-Trader?
NUGT
Sold Sept. 35 puts @ $1.85 against my Sept 185 calls.
NUGT
Followed Ramie, sold 1 contract of the Sept. 185 call @ 8.70
Thanks for the idea.
Another NUGT call sale
Sold $NUGT Sep 16 185 call @ 8.60. Adding to position at the highest strike in Sep.
SPX calls sold
#SPXcampaign Sold to Open $SPX July 1st 2165-2190 call spreads for 1.50, with SPX at 2101.
NUGT strangle-roll
#ContangoETFs Trying to stay ahead of positions becoming ITM:
BTC NUGT June 17th 97 call for 10.60. Sold for 3.80 last Friday.
STO NUGT Sept 180 call for 9.20
STO NUGT Sept 35 put for 1.80
Every day this week, flush…
Every day this week, flush down and rally back. Job numbers don’t matter, it’s just the consolidation we’re stuck in. Perfect for #SPXcampaign.
zzzzzzzzzzzzzzz
zzzzzzzzzzzzzzz
Selling puts
SVXY, July 8, 45 puts @0.80 and 0.85
PRU, Sept. 16, 65 puts @1.22
I had more orders in but no fills yet.
$DUST @jeffcp66 Thanks for your…
$DUST @jeffcp66 Thanks for your information. I appreciate it. HH
SPX and Double Calendars Closing
BTC Jun 30 SPX 2135/2160 for $4.65 Sold for $6.15 on 5/11
BTC Jun 30 SPX 1970/1995 BuPS for $1.65 Sold for $8.30 on 5/5.
STC Jun 6/Jun 10 AMBA Double Calendar for $4.08 Bought yesterday for $0.80
STC Jun 6/Jun 10 AVGO Double Calendar for $0.92 Bought yesterday for $1.40
STC Jun 6/Jun 17 KORS Double Calendar for $2.06 Bought on 5/31 for $0.55
$SVXY #CoveredCalls #Rollup – rolled…
$SVXY #CoveredCalls #Rollup – rolled up my in the money calls in SVXY this morning –
Rolled Jun 03 55.0 Calls to Dec 70.0 Calls for a 0.15 Credit – an unusual roll but I need to give the stock more room to run
Rolled Jun 03 57.0 Calls to Dec 71.0 Calls for a 1.92 Credit – got a much more generous credit on this roll
Rolled Jun 03 60.0 Calls to Jul 22 2016 64.0 Calls for a 1.79 Credit – a more traditional roll
Rolled Jun 03 61.0 Calls to Jul 22 2016 65.0 Calls for a 1.85 Credit – a more traditional roll
$GDXJ followed from TT sold…
$GDXJ followed from TT sold a Junior gold miners July 17 strangle 44/31 for 1.00
$JWN closed a post earnings 40/35 BuPS I sold for 1.29, somehow eked out a plus .28
$NUGT – After the huge…
$NUGT – After the huge spike this morning it (NUGT) seems to be starting to wiggle back
down. Premium is still high, is it correct to assume that if NUGT continues to retrace down that now is an excellent time to position (sell) ….way OTM ??
NUGT puts
Bought to Close NUGT JUN 10 2016 55.0 Put @ .05 (part of 55/95 strangle)
Bought to Close NUGT JUN 17 2016 55.0 Put @ .35 (part of 55/105 strangle)
Looking to double dip on a pullback…
$UVXY #ShortPuts #CoveredCalls – after…
$UVXY #ShortPuts #CoveredCalls – after the VIX collapse in the last two days I used the small rally this morning to adjust my positions.
Bought to close UVXY Jun 10 2016 10.0 Puts @ 0.30 – originally sold a week ago at 0.37
Sold UVXY Jul 15 2016 23.0 Calls @ 0.46
IBB puts
Attempting to replace stock getting called away today…
Sold IBB Jul 15 260 Puts @ 3.20
Looking like I’ll be out of BIB and RLYP in a couple weeks so trying to maintain a little biotech exposure…
$SVXY
Bought to close July 03 62 Calls @ 0.50. Originally sold @ 1.05. I will cover up later just going to wait until the dust settles.
Closing NUGT put rollout
Bought to close $NUGT Jun 17 59 puts @ .50. Sold for 5.38 as a rollout on 5/25. Offsetting the loss from the roll of 3.31, leaves an overall profit of 1.57.
$SPX put spread
Sold $SPX Jul 15 1920/1895 BuPS @ 1.30. Close to 2 standard deviations (=1913).
NUGT learned my lesson
Had 95 calls expiring today that were worth .025 yesterday and I didn’t close them knowing a big number today was coming that could possibly move gold a lot. Now sitting at 2.40 so probably stuck with them a little longer on the roll out. Woulda coulda shoulda….
SPX call spread closed
STC Jun 10 2140/2130 call spread for 0.45. Originally sold for 1.10 on 5/25.
Trying to maintain my disciplines of closing early for >50% profits. It’s working!
SPX puts sold
#SPXcampaign Sold to Open $SPX June 24th 1985/1960 put spreads for 1.30, with SPX at 2092
NUGT calls
Here we go again.
Sold $NUGT Jun 10 115 call @ 1.25
Sold $NUGT Jul 1 155 call @ 1.50
Sold $NUGT Jan 20 185 call @ 15.50
NUGT call
#ContangoETFs STO NUGT July 1st 120 call for 5.25. Dipping a toe, my first sale for this expiry.
NUGT finally moves off its…
NUGT finally moves off its butt! No jobs? Buy gold!
AVGO never disappoints!
Closing UVXY Sep
Bought to close $UVXY Sep 16 60 calls @ .30. Sold for 1.16 on 5/13. Taking this off now instead of waiting another 3 1/2 months for remaining 25%.
$PANW #earnings I was lucky…
$PANW #earnings I was lucky with this earnings trade. I was unable to get a fill on a trade that some people here had on and sold a June 17 iron condor 125/115/170/175 for 105. I bought back the short call for .05 on the 27th after the earnings dump, closed the put side today for .31.
$DUST @iceman In your opinion,…
$DUST @iceman In your opinion, is $DUST like lead, like $UVXY, designed to go to zero? Thanks Mr. T.
AVGO Double Cal.
BTO Jun3/Jun10 146P and 162.5C for $1.40
#SPXcampaign BOT SPX 8 JUL…
#SPXcampaign BTC SPX 8 JUL 16 1825/1800 @.35 sold on 5/13/2016 @ 1.45
#SPXcampaign BTC SPX 22 JUL…
#SPXcampaign BTC SPX 22 JUL 16 1775/1750 PUT @.35 CBOE sold on 5/19/2016 for 1.45
this is what I like, far away and can be closed 7 weeks before expiration
Peeling off the NUGT
#ContangoETFs Peeling off positions with profit as they relieve margin…
BTC NUGT June 10th 120 call for .15. Sold for 2.90 on 5/23
BTC NUGT June 10th 117 calls for .15. Sold for 1.10 on 5/24
(Tuesday) BTC June 17th 145 call for .30. Sold for 6.20 on 5/4
LVS on a daily Squeeze
BTO Jun 24 LVS 45 Calls at $2.15 at the open…
AVGO earnings
#Earnings Sold to Open $AVGO June 3rd 150/145 put spreads for 1.65. THIS IS A BULLISH TRADE. AVGO always moves up on earnings; moved down significantly only once in its 7-year history.
In its last 12 reports, Biggest UP move: 14.7% , Biggest DOWN move: -0.2% , Average move: 6.9% . This trade is 2.5% OTM.
MDT
Sols to open June 24, 82 puts @1.15
Rolling WYNN covered puts
Rolling my June put up and out to July getting an additional 2.04 in premium.
Bought to close $WYNN Jun 17 85 put @ .26. Sold for 2.35 on 5/11.
Sold to open $WYNN Jul 15 90 put @ 2.35.
$AZO #earnings #ironcondor closed June…
$AZO #earnings #ironcondor closed June 17 720/710/800/810 for 79.72, sold for 174.86. Thanks Jeff
Extending TLT
On the move up, I’m closing down June at 67% max profit, and extending the short bond trade out to July.
Bought to close $TLT Jun 17 135 calls @ .27. Sold for .82 on 5/5.
Sold to open $TLT Jul 15 135 calls @ .80.
SPX puts sold
#SPXcampaign Sold to Open $SPX June 16th 2025/2000 put spreads for 1.75. Extra spread since my normal ones for this expiry were already closed for profits.
Karen the SuperTrader maybe not so Super
Looks like Karen had been using In-The-Money Calendars on E-minis to avoid showing losses for about 19 months. You can read section 58 onwards in the SEC filing for an explanation of the trading scheme. Quite sad if it’s true.
http://www.tennessean.com/story/news/2016/05/31/feds-brentwood-firm-schemed-gain-millions-ill-gotten-fees/85211006/
SVXY covered call
I’m betting I’ll get a chance to close this at a profit before December but if not, I’d let the stock go there.
Sold SVXY DEC 16 2016 75.0 Call @ 6.00
A TRADE:
$ETE STC 6/17/16 12.50 CALLS @1.10 BTO @.75
VIXCONTANGO.com update
Around 2085 is where the SPX daily vstop is and where the Aug-Nov trendline sits as support. The SPX has a hard time breaking through that so far today. After a quick visit above 15, the VIX is back below 15. The SPX needs to break through 2085 to see a spike of the VIX to 16. And if it does that the moving average fan for the 10-50MAs in the 2070-2075 looks to be a very hard area to break for this market which continues to receive good news, the 51.2 manufacturing ISM with a stunning 63 prices reading being the latest one and a 45 reading for inventories. We have demand, we don’t have supply folks. Not to mention all kinds of positive merger news – Benioff was just on CNBC talking how hard it is to get a good MA deal because everybody is positioning for growth in 2017.
But even if the VIX spikes to 16, the VX1 and VX2 futures seem to already have this move priced in. VX2 is at 17.85 earlier today about 50 cents above VXV and the VX1 is at 15.85 about a point above VIX at 14.85. So the futures curve remains really elevated compared to the spots and there is only 9 trading days left to expiration.
Volatility Analytics remain strong. VForce is actually in the yellow as the VIX has gone above the VIX 50MA which is only at 14.51 by now. But the VIX 50MA should act as resistance and the reversion to the mean may have run its course for the VIX in the near term. At worst this looks like a move to 16 VIX and the futures have already priced it. So from here on out the surprise is for the VIX to go down and for the VIX futures to go down. And that is XIV bullish.
As such EliteVolatility is at 50% exposure to XIV, but should I see some confirmation that the SPX downdraft is over, will be going full 100% soon. So far what is happening today does not look like a “hanging man” confirmation to me even though it appear so on the surface early on in the day. A green candle today is not a “hanging man” confirmation…
AMBA Double Calendar for tonight earnings.
BTO double calendar consisting of Jun 3 – Jun 10 38 Put and 43 Calls for $0.60 pp.
#ironcondor information from TT https://www.dough.com/blog/managing-iron-condors?utm_content=bufferfa7a6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
#ironcondor information from TT
https://www.dough.com/blog/managing-iron-condors?utm_content=bufferfa7a6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
A TRADE:
$UVXY STO 6/3/16 12.0 CALLS @.27 2.7 Days to expiration. ;>)
NUGT
Sold to open June 24, 130 put @1.15
Thanks for the idea.
$NUGT
Bought to close my June 50 Put @ 1.05 I sold yesterday. Lost commission charges. This was a dumb dumb trade. Bugged me all yesterday evening. So I decided to just close it this morning and move on. Maybe it will work. Maybe not. Just not with me this time.
