A TRADE: A roll out, for a .61 credit.
$UVXY BTC 5/6/16 17.0 PUT @1.60 STO @1.18 A winner this morning, but Mr. Market said, “not so fast.” ;>)
$UVXY STO 5/13/16 17.0 PUT @2.21
Recent Updates Page 511
$SVXY #CoveredCalls #Rollup #OptionLadder –…
$SVXY #CoveredCalls #Rollup #OptionLadder – As I said earlier today SVXY is back to it’s old ways, rallying on expiration day.
Once again, I split up a major short call position, due this week, into three parts to spread the risk across multiple expiration dates. This creates a future #OptionLadder and allows the stock to run in the future. Nice Credits on all the rolls and I had sold the strike 53 Calls I am covering @ 2.16 on a previous roll.
Bought to close SVXY May 06 2016 53.0 Calls @ 0.65 – 1/3 of this position
Sold SVXY May 20 2016 57.0 Calls @ 1.06
Bought to close SVXY May 06 2016 53.0 Calls @ 0.70 – 1/3 of this position
SVXY May 27 2016 58.0 Call @ 1.30
Bought to close SVXY May 06 2016 53.0 Calls @ 0.50– 1/3 of this position
Sold SVXY Sep 16 2016 75.0 Calls @ 1.30
I had not planned on having to cover this position. It would have been more profitable to have it expire, but I’ll make back what I spent over the next few weeks.
SPX puts closed
#SPXcampaign Bought to close $SPX May 11th 1980/1955 put spreads for .20. Sold for 1.30 on Wednesday.
$SVXY #CoveredCalls #Rollup – unless…
$SVXY #CoveredCalls #Rollup – unless SVXY gets above 53 in the next 2 hours this is my last roll for today.
Bought to close SVXY May 06 2016 50.5 Calls @ 1.60 – originally sold at 4.65 on a previous rollup.
Sold SVXY (Weekly) Jun 24 2016 58.0 Calls @ 2.47 – a 7 1/2 point bump in the strike plus a 0.87 credit.
$NUGT #ShortStrangle – Sold 1…
$NUGT #ShortStrangles – Sold 1 NUGT May 20 2016 60.0 / NUGT May 20 2016 160.0 Strangle position @ 3.25. Staying small and short term on this beast. It’s very easy to get whipsawed.
$SVXY #CoveredCalls #Rollup #OptionLadder -…
$SVXY #CoveredCalls #Rollup #OptionLadder – SVXY is back to it’s old ways, rallying on expiration day.
I split up a major short call position, due this week, into three parts to spread the risk across multiple expiration dates. This creates a future #OptionLadder and allows the stock to run in the future.
Bought to close SVXY May 06 2016 51.0 Calls @ 1.39 – 1/3 of this position
Sold SVXY (Weekly) Jun 03 2016 58.0 Calls @ 1.50
Bought to close SVXY May 06 2016 51.0 Calls @ 1.22 – 1/3 of this position
Sold SVXY (Weekly) Jun 10 2016 59.0 Calls @ 1.42
Bought to close SVXY May 06 2016 51.0 Calls @ 1.38 – 1/3 of this position
Sold SVXY Jun 17 2016 60.0 Calls @ 1.68
Pushed the strike prices up above this year’s resistance on the stock and still received a credit on each roll.
NUGT calls
Gradually easing back in after taking all my call positions off due to a busy couple weeks away from the market…finally catching up here.
Sold NUGT MAY 20 2016 185.0 Calls @ 1.25
These are against 75 strike puts…you would think a 110 point wide strangle would be safe with 2 weeks to go but….
A TRADE:
$ETE STO 5/6/16 13.0 CALLS @.15 Trolling for nickels and dimes. ;>)
#Markets Not seeing much to…
Not seeing much to do today. Dollar really isn’t doing much but gold strong and miners strong. $NUGT not at a good level for selling puts or calls at the moment. Won’t sell any calls until it shows some signs of peaking. We’ll see what happens if it gets near $120. It is now kind of too high to get any premium for puts, so risk/reward not there. So, I’m going to take the rest of the day off and go fishing.
I believe the S&P is back to being negative on the year. Don’t have access to CNBC right now, but if it is negative, I’m sure they are making a big deal about it.
I only have 1 remaining position expiring today. $NUGT $60 puts. I’m pretty sure that one is going to be safe
Have a great weekend everyone.
A TRADE:
$ETE BTO STOCK @12.99
Market is down, but the…
Market is down, but the VIX is sleeping.
Short-term call spread sold
#SPXcampaign With SPX at 2048, sold to open $SPX May 13th 2090/2115 call spreads for 1.50.
SPX calls closed
#SPXcampaign In pre-market right after jobs report, bought to close $SPX May 19th 2140/2165 call spreads for .20. Sold for 1.25 on Monday.
DATA double diagonal
#Earnings Sold to open $DATA double diagonal for .55. Max gain if stock doesn’t move, but a fairly wide range of profit, as high as 20% up or down, depending on how much IV drops tomorrow.
Sold May 6th 51 put and 51 call
Bought May 13th 49 put and 52 call
I had to enter each leg separately as a combo order would not fill. Haven’t tried these before so just doing a 1-lot and see how it all works tomorrow. Max loss $245
TRADES:
$UVXY STO 5/13/16 15.0 PUTS @.51
$UVXY STO 5/13/16 20.0 CALLS @.72
Expect similar trades to expire tomorrow, so pre-trading.
NUGT roll
Rolled tomorrow’s 95 calls out to next week and up 10 points in case we get a runup tomorrow after the jobs report. 1.16 credit.
Bought to close $NUGT May 6 95 calls @ 3.64 average (sold for 1.40 on 4/5)
Sold to open $NUGT May 13 105 calls @ 4.80 average
Moves in TLT
Closed a May position and opened a June one.
Bought to close $TLT May 20 125 puts @ .08. Sold for .70 on 4/25
Sold to open $TLT Jun 17 135 calls @ .82. I will look to create a short strangle on another move down in bonds.
SPX calls closed
#SPXcampaign Bought to close $SPX May 27th 2165/2190 call spreads for .20. Sold for 1.50 last Thursday.
SWKS put
Adding another position (this one in the 6/24 weeklies which just started trading today) to my June 60 puts.
Sold $SWKS Jun 24 60 put @ 1.80.
$TSLA #ShortPuts #ScalpTrade – Sold…
$TSLA #ShortPuts #ScalpTrade – Sold TSLA May 06 2016 197.5 Puts @ 0.37 – these expire tomorrow and are paired with the short calls I sold yesterday
$CMG #ShortCalls – Sold CMG…
$CMG #ShortCalls – Sold CMG May 13 2016 460.0 Calls @ 1.15 for next week.
I’m anticipating that the 450 calls I have short for this week expire tomorrow.
$SVXY #CoveredCalls – pre writing…
$SVXY #CoveredCalls – pre writing some longer dated calls to replace calls that are due to expire tomorrow.
Sold SVXY May 13 2016 58.0 Calls @ 0.30 – expires next Friday
Sold SVXY May 27 2016 58.5 Calls @ 1.15 – above near term resistance
Sold SVXY Jun 17 2016 65.0 Calls @ 0.75 – adding to my position
Sold SVXY Jun 24 2016 61.0 Calls @ 2.00 – a new weekly cycle beginning today. Highest available strike.
$NUGT #ShortStrangle – Sold 1…
$NUGT #ShortStrangles – Sold 1 NUGT MAY 13 2016 65.0 Put / 125.0 Call for next week @ 2.60
$NUGT
Since I don’t have an edge on what the employment number is going to do tomorrow and ultimately what that will do to the Dollar and to Gold/Gold Miners. I took advantage of this mornings strength to make the following trades to give myself more room to the downside just in case the dollar spikes higher.
BTC May 6 $90 puts
BTC May 6 $85 puts
BTC May 13 $80 put
STO 2 May 20 $60/$160 strangles
STO 2 May 27 $55/$170 strangles
All in, took in a $0.50 credit
SPX calls sold
#SPXcampaign Sold to Open $SPX June 3rd 2140/2165 call spreads for 1.35, with SPX at 2055.
$SVXY
Bought to close May 06th 50 Put @ 0.45. Originally sold for 1.40 on 4/22. I decided to close it out here to avoid potential of assignment tomorrow if the market doesn’t bounce.
SPX puts closed
#SPXcampaign In Pre-market, bought to close May 6th 2025/2000 put spreads for .70. Sold for 3.10 on April 15th as a roll. Closed to avoid any risk into Friday and jobs report.
$NUGT #ShortStrangle – Sold the…
$NUGT #ShortStrangles – Sold the May 13 2016 70.0 Put / 150.0 Call for a 2.30 Credit
$NUGT
BTC May 6 $98 put for 10.50, sold Monday for $4, at end of day BTC $NUGT for $87.75, shorted at $98. Best I could think of to maximize gain, not wait for either a $4 gain or possible loss.
NUGT puts
Just got filled at the close.
Sold $NUGT May 6 71 puts @ .40.
$TSLA
Bought May 13 $200 Put
$TSLA #shortcalls – selling calls…
$TSLA #ShortCalls #EarningsScalp – selling calls from 242.5 up to 260 for this week.
A bearish bet
Sold 2 TSLA MAY 6 2016 260.0 Calls @ 0.69
Sold 1 TSLA MAY 6 2016 255.0 Call @ 1.10
Sold 1 TSLA MAY 6 2016 252.5 Call @ 1.36
Sold 1 TSLA May 06 2016 245.0 Call @ 2.41
Sold 1 TSLA May 06 2016 242.5 Call @ 2.61
SPX going down, VIX going…
SPX going down, VIX going up; but no panic yet. We got close on Friday but have not yet fired any Downside signals on the Bistro VIX Indicator. This is why I have sold two near-term put spreads today on the spikes down; I’m cautious, but expecting more to see a drift downward than a big flush. I’m hoping for a rally tomorrow which I will sell into.
More SPX puts
#SPXcampaign — White knuckling it through some more short-term spreads:
Sold to Open $SPX May 11th (Wednesday) 1980/1955 put spreads for 1.30.
‘nother NUGT
#ContangoETFs STO $NUGT June 10th 50 put for 2.10
$ETE @jeffcp66 Thinking of doing…
$ETE @jeffcp66 Thinking of doing an earnings trade? Earnings today after the bell.
$NUGT BTC May 06 $90…
$NUGT BTC May 06 $90 put for $1.40, sold yesterday for $1.90, closed before 10 AM.
Still have short $NUGT at 98 and short May 6$98 put I want to close (with profit) before this reverses again. Any ideas?
$QQQ followed from TT June…
$QQQ followed from TT June 17 #ironcondor 96/86/109/116 for 1.28 It’s essentially a strangle with some margin saving long options.
BABA earnings trade
#Earnings Bought to Open $BABA 71/73/77 put on butterfly for 1.50. This is a BEARISH trade. Sees max profit at 73.00, no downside loss possible; max loss of 1.50 above 77.00. Here are BABA’s one-day moves in its short history (average is 5.6%)
Jan. 28, 2016 BO -3.76%
Oct. 27, 2015 BO 4.04%
Aug. 12, 2015 BO -5.12%
May 7, 2015 BO 7.50%
Jan. 29, 2015 BO -8.77%
Nov. 4, 2014 BO 4.19%
$/GC $NUGT
Pretty interesting that over the last hour or so, Gold has been pretty stable at $1284 +/- a dollar or two, but the miners continued on the downward slide.
Closing a NUGT rolled position
With the move down I was able to take a rolled position off for an overall profit.
Bought to close $NUGT May 13 116 call @ 2.90. Sold for 10.99 on 4/29, as a rollout which lost 6.65. Closing this now booked an overall profit of 8.09-6.65 = 1.54.
NUGT put
#ContangoETFs STO $NUGT June 17th 65 put for 5.70
TSLA earnings
#Earnings Below are the 1-day moves after the last 12 earnings reports for $TLSA. It has a fairly high average move of 9.5%, with unpredictable direction. Expected move is around $19-$20 (8.4%). Given this, the premium is disappointingly low for OTM strikes. Please share any idea you have for trading the today!
Feb. 10, 2016 AC 4.73%
Nov. 3, 2015 AC 11.17%
Aug. 5, 2015 AC -8.88%
May 6, 2015 AC 2.76%
Feb. 11, 2015 AC -4.66%
Nov. 5, 2014 AC 4.43%
July 31, 2014 AC 4.46%
May 7, 2014 AC -11.30%
Feb. 19, 2014 AC 8.43%
Nov. 5, 2013 AC -14.50%
Aug. 7, 2013 AC 14.34%
May 8, 2013 AC 24.39%
SPX same-week puts
#SPXcampaign Sold to Open $SPX May 6th 2010/1985 put spreads for 1.40, with SPX at 2051.
$PCLN-had an iron condor and…
$PCLN-had an iron condor and a BuCS that did not get filled today, thinly traded stock I suppose.
$NUGT #ShortStrangle – sold NUGT…
$NUGT #ShortStrangles – sold NUGT May 6 2016 79.5/128 strangle @ 1.80.
Keeping the term short and the strike prices far away.
$SVXY
Sold May 27th 40 Put @ 0.90. I put this on and went out to the barn expecting it to be ignored. Won’t wonders never cease.
Closing ILMN
Took close to 50% max off before earnings after the bell. Not worth holding even if the strike is outside the expected move. I’ll reinitiate if the stock tanks tomorrow morning.
Bought to close $ILMN May 20 120 puts @ 1.30. Sold for 2.50 on 4/19.
$NUGT
Rolled May 20 $130 call into 2 May 20 $170/$65 straddles for a $.50 credit
STO $GOOGL IC This Friday…
STO $GOOGL IC This Friday 720/722.5 Calls 395/692.5 Puts .91 Cr
NUGT roll
#ContangoETFs #Rolling
BTC $NUGT May 13th 95 call for 14.70
STO $NUGT June 17th 155 call for 8.00
I’ll sell the other half of this roll when we get the next pop up. I now have more puts than calls so adding puts costs margin and adding calls credits me margin.
$PCLN Interesting PCLN #earningstrade at…
$PCLN Interesting PCLN #earningstrade at TT. I’m not following. 1300/1350/1350/1400 iron condor $4290 credit, risk 675-looking for a small move.
A TRADE:
$FCX STO 5/6/16 12.5 CALLS @.32 Will buy to cover, or roll.
UVXY 80% profit
#VXXGame BTC $UVXY May 13th 30 calls for .22. Sold for 1.15 on 4/4.
Yo, Love the brick red…
Yo, Love the brick red color in the format. ;>)
TRADES:
$UVXY STO 5/13/16 13.5 PUTS @.35
$UVXY STO 5/13/16 21.0 CALLS @.73
$UVXY STO 5/6/16 18.0 CALLS @.58
$UVXY STO 5/6/16 17.0 PUTS @1.20 Got 1.78 to cover downside in the stock. CB 15.22, if it comes to that. If stock is over 18.0, I’ll roll it, or buy to cover. Expires Friday
SPX put spreads
Sold SPX JUN 30 2016 1825/1800 Bull put spreads @ 1.40
These are against 2200/2225 call spreads…
NUGT puts
Sold $NUGT May 27 60 puts @ 1.75
SPX Campaign – closed $SPX…
SPX Campaign – closed $SPX May 19th 2155/2180 call spreads at .20, sold for $1.60 on 4/14.
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT May 6 2016 77.5 Puts @ 0.40. These expire Friday
SPX calls closed
#SPXcampaign Bought to close $SPX May 19th 2160/2185 call spreads for .20. Sold for 1.75 on April 18th.
NUGT puts
#ContangoETFs STO $NUGT May 6th 90 puts for 1.95 (expire this Friday).
$NUGT
STO May 20 $60 puts @ $0.95
$UVXY #CoveredCalls #OptionLadder – selling…
$UVXY #CoveredCalls #OptionLadder – selling calls for the next three weeks
Sold UVXY(Weekly) May 06 2016 20.0 Calls @ 0.32 – these expire this Friday
Sold UVXY(Weekly) May 13 2016 25.0 Calls @ 0.42
Sold UVXY May 20 2016 30.0 Calls @ 0.52
$CHK – Bought to Cover…
$CHK – Bought to Cover my short CHK stock @ 5.90. Went short on a Call Option assignment @ 6.0 last Friday
SPX trades
#SPXcampaign
Sold to Open $SPX June 3rd 1910/1885 put spreads for 1.35
Bought to close $SPX May 13th 2145/2170 call spreads for .20. Sold for 1.35 last Thursday.
$NUGT #ShortCall #Rollup – rolling…
$NUGT #ShortCalls #Rollup – rolling up a short call expiring this week to avoid assignment.
Bought to close 1 NUGT May 6 2016 75.0 Call @ 37.13
Sold 1 NUGT Jan 20 2017 120.0 Call @ 41.13 – bumped the strike price 45 points plus a 4 point credit
PCLN earnings
#Earnings $PCLN has some pretty juicy premium for a wide strangle or condor. Below are the three-day move after last 12 reports. Historically, upside has been the bigger risk. The 1560 call is going for 1.30 and is 16% OTM (above previous 15.4% move). And the 1200 put is going for 6.00, which is 10.4% OTM (below previous -9.6% move).
THREE-DAY MOVES
Wed 02/17/2016 BO 15.58%
Mon 11/09/2015 BO -9.56%
Wed 08/05/2015 BO 2.59%
Thu 05/07/2015 BO -4.69%
Thu 02/19/2015 BO 8.30%
Tue 11/04/2014 BO -8.40%
Mon 08/11/2014 BO 2.16%
Thu 05/08/2014 BO 0.36%
Thu 02/20/2014 AC 2.54%
Thu 11/07/2013 AC 4.91%
Thu 08/08/2013 AC 3.87%
Thu 05/09/2013 AC 3.78%
#interestRates #Fed – from the…
#interestRates #Fed – from the horse’s mouth
https://www.stlouisfed.org/on-the-economy/2016/may/negative-interest-rates-tax-sheep-clothing
Another call spread added
#SPXcampaign Sold to Open $SPX May 19th 2140/2165 call spreads for 1.25
$UVXY #ShortPuts – I covered…
$UVXY #ShortPuts – I covered all my weekly short puts on Friday, and I was several hours early, as they all would have expired. Trying again for this week, with a strike price below the all time low.
Sold UVXY May 06 2016 13.5 Puts @ 0.23.
$SVXY #CoveredCalls – sold both…
$SVXY #CoveredCalls – sold both of these, replacing calls that expired Friday
Sold SVXY Jun 03 2016 60.0 Calls @ 1.55
Sold SVXY Jun 03 2016 65.0 Calls @ 0.60
$SVXY
Sold May 27th 60 Call @ 1.10. Replaced the 53 calls that expired last Friday.
$SVXY #CoveredCalls #IRA – sold…
$SVXY #CoveredCalls #IRA – sold the following, replacing calls that expired on Friday
Sold SVXY May 06 2016 56.0 Calls @ 0.63 – these expire Friday
Sold SVXY May 13 2016 58.0 Calls @ 0.79
NUGT trades
#ContangoETFs #ReverseRoll What I’ve done today… I have to start closing my few remaining ITM calls due to margin pressure and I still believe upside risk greater than downside. I will build back slowly, sell more puts on down days. If any of my aggressive put positions become ITM I will be able to roll, possibly back into calls if the trend changes.
BTC NUGT May 13th 45 put for .10. Sold for .95 on 4/15
BTC NUGT May 13th 55 puts for .20. Sold for 2.50 on 4/15
BTC NUGT June 17th 60 call for 59.60. Sold for 10.80 on 2/8
BTC NUGT May 13th 120 call for 12.50. Sold for 2.05 on 4/15
STO June 3rd 80 put for 5.20
STO June 17th 100 put for 15.50
STO June 17th 45 puts for 1.25 (thanks @Ramie)
$NUGT #CoveredPuts – Sold NUGT…
$NUGT #CoveredPuts – Sold NUGT May 06 2016 89.0 Puts @ 1.10
