$SVXY $42.5 puts
$UVXY $40 calls
$NUGT $40 puts
$NUGT $62 puts
$NUGT $100 calls
$NUGT $105 calls
Not a big list, but a lot of buying power being freed up this week. Had quite a few $NUGT $100 and $105 calls.
Have a great weekend.
Recent Updates Page 515
$SVXY #CoveredCalls #Rollup #OptionLadder -…
$SVXY #CoveredCalls #Rollup #OptionLadder – rolled some really large positions up because of the typical Friday rally in SVXY
Rolled Apr 15 2016 48.5 Calls to next weeks 49.0 Calls for a 0.40 Credit
Rolled Apr 15 2016 50 Calls to Apr 29 2016 52.0 Calls for an 0.82 Credit
Rolled Apr 15 2016 50 Calls to May 06 2016 53.0 Calls for an 0.89 Credit
Rolled Apr 15 2016 50 Calls to May 13 2016 54.0 Calls for an 0.95 Credit
DAL earnings
#Earnings Well, a bummer of an ending for this one… sold half of my position with decent profits, but the last half will be about breakeven since we collapsed today rather than the hoped for pin at 49.00. About a 70% gain on the overall trade.
Sold to close remaining 47 calls for .55. Bought as apart of the butterfly for .70.
TRADES:
$RLYP BTO STOCK 18.61
$RLYP STO 5/20/16 20.0 CALLS @2.30
$RLYP STO 5/20/16 15.0 PUTS @1.15
Have a great weekend everyone.
$SVXY CoveredCalls #Rollup – did…
$SVXY CoveredCalls #Rollup – did these to avoid assignment this week –
Bought to close SVXY Apr 15 2016 51.0 Calls @ 0.31 – originally sold for 2.17 on another roll
Sold SVXY May 06 2016 54.0 Calls @ 1.70 for half the position
Sold SVXY May 20 2016 55.0 Calls @ 2.19 for the other half
$SVXY
Rolled my April 15th 51 covered calls out and up to April 29th 53 for a 1.30 credit.
Closing CMG
Bought to close $CMG Apr 22 420 put @ .30, taking 90% of the available profit and not risking another swoon next week. Sold for 3.00 on 4/6.
I’m now out of this stock for the first time in a while. It’s been fun (and a bit a nerve-rattling) selling premium throughout all the volatility. The worst of it may be behind Chipotle but we’ll see what earnings brings in a couple of weeks.
NUGT rolls
#ContangoETFs #StrangleRoll
BTC NUGT Apr 15th 75 calls for 2.975 and 75 call for 6.00
STO NUGT May 13th 55 puts for 2.50, 45 put for .95, and 120 calls for 2.05 (enough quantity to gain a small credit for the rolls)
$AAPL #CoveredCalls #Rollup – Bought…
$AAPL #CoveredCalls #Rollup – Bought to close Apr 15 2016 112 Calls @ 0.01
Replaced them with AAPL Apr 22 2016 113 Calls @ 0.37.
These expire in a week with the strike price above the recent peak in the stock.
$MRO #ShortCalls #Rollup – Bought…
$MRO #ShortCalls #Rollup – Bought to close MRO Apr 15 2016 13 Calls @ 0.05 (no commission)
Replaced them with MRO Apr 22 2016 14 Calls @ 0.18. These expire in a week with the strike price above the recent peak in the stock.
Closing position in NOW
I’ve decided to close my rolled/adjusted position in $NOW instead of doing another roll. My adjustments brought me to a pairing of Apr 15 55 calls and Apr 22 55 puts. When I did the roll the estimated earnings date was 4/27. Since then, it has gotten confirmed as 4/20. My plan to let the premium bleed into expiration won’t happen that way so instead of trying to get cute and do another roll I’ve decided to just take the loss that’s left (around 2.00/contract) and move on. The risk isn’t worth it (I’ll consider a separate earnings trade next week if the premiums are enticing enough).
The original trade was an earnings trade from January when I booked an 8.28 loss. So I’m happy to recover more than 75% of it.
SPX IC closed
BTC Apr 22 2130/2120/1960/1950 IC for 0.50. Originally sold for 1.10.
Staying with my discipline of closing these at around 50% max profit.
SVXY covered calls
The last few weeks I’ve rolled these out and up. With the market up at resistance I’m going out but not up this week.
Rolled SVXY 50 strike covered calls out to next week for 1.30 credit. Wouldn’t mind this thing sitting at 50 forever. This roll is about 145 percent annualized. (basis now 46.70)
🙂
SPX at Resistance.
SPX is hitting strong resistance at 2080ish. Yesterday’s high of 2087.84 happens to be the 100% extension of two previous up moves….Next Resistance is at 2098-2101 level.
Main Support is at 2000 and at 1980-82
$IBM A story from MarketWatch…
$IBM A story from MarketWatch about IBM reporting on Monday. Says the stock has decreased the day after on 9 of the last 10 earnings reports.
http://www.marketwatch.com/story/what-to-expect-from-ibm-earnings-2016-04-14
edited
NUGT call for next week
Sold $NUGT Apr 22 90 call @ 1.60. Premium is better now. May add at a higher strike if this thing keeps running.
NUGT closed
#ContangoETFs Bought to close NUGT Apr 15th 72 put for .25 to avoid possible assignment. Sold for 1.25 earlier this week. Now, about those 72 (and 75) calls…
SPX call stop-out
#SPXcampaign On the spike down this morning, Bought to close $SPX Apr 22 2100/2125 call spreads for 3.00. Sold for 2.50 on March 24th. Only a small loss, but since my 2080 stop level has been hit, need to clear the way for the freight train going north. A slow train can kill you as much as a fast one if you’re just lying on the tracks… might even be worse; a slow painful crushing rather than a quick death.
A TRADE: @Ramie Thanks for…
A TRADE: @Ramie Thanks for the idea.
$NUGT STO 4/29/16 55.0 PUTS @1.70 Against my 9/20/16 105.0 short Calls
MCD iron condor for earnings.
MCD earnings on 4/22.
STO 132/130/125/123 IC for 1.10, when MCD at 127.70. Expect to close this before earnings. Max loss .90, but I expect MCD to stay in this range up to earnings.
GM
GM
SPX puts sold
#SPXcampaign Sold to Open $SPX May 6th 2025/2000 put spreads for 3.10. A #ReverseRoll to partially replaced call spread stopped this morning.
Sold to Open $SPX May 13th 1960/1935 put spreads for 1.35, with SPX at 2080.
$XOP #ShortCalls – Bought to…
$XOP #ShortCalls – Bought to cover XOP Apr 15 2016 32.5 Calls @ 0.25 to avoid possible assignment tonight. Made a little as it was sold for 0.35.
DAL earnings
#Earnings At the open, sold to close $DAL April 15th 47/49/50 broken-wing butterfly for 1.40 and 1.50. Two more spreads closed… waiting until after noon to close the remainder. I should be able to close these for 1.90 if we end the day near 49.00. Bought for .70 on Wednesday.
SPX trades
#SPXcampaign Yesterday, Sold to Open June 16th 1900/1875 put spreads for 2.00. I realized I sold a call spread weeks ago (2175/2200) in this expiry so a put spread would be margin free.
In today’s pre-market, Bought to close $SPX May 6th 2100/2125 call spread for 8.00. Sold for 5.00 on April 3rd (as a roll). Will look at add more rolls soon.
Closing out NUGT calls
This one was so underwater most of this week, that I felt fortunate to get out at a (small) profit. Didn’t want to chance another spike tomorrow with this option expiring.
Bought to close $NUGT 4/15 75 calls @ 1.05. Sold for 1.20 on on 4/6.
$NUGT testing support @71.50.
$NUGT testing support @71.50.
$UVXY #ShortPuts #VXXGame – Sold…
$UVXY #ShortPuts #VXXGame – Sold UVXY Apr 29 2016 14.5 Puts @ 0.36 replacing the April strike 18 puts I just covered
$UVXY #ShortPuts #VXXGame – Bought…
$UVXY #ShortPuts #VXXGame – Bought to close UVXY Apr 15 2016 18.0 Puts @ 0.30. These expire tomorrow and are currently out of the money but I don’t trust the stock to stay here for another 24 hours.
Originally sold @ 0.47, so a bit of a gain.
And these were in the money just an hour ago.
$NUGT
Rolled April 22 $70 short puts to qty 2 May 6 $115/$52 strangles for $.40 credit
Here is a link from…
Here is a link from TT on strangles since earnings season is underway.
https://www.tastytrade.com/tt/daily_recaps/2016-04-11/episodes/strangles-with-protection-04-11-2016
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT APR 22 2016 49.5 Puts @ 0.35 – these expire next Friday
NUGT puts
#ContangoETFs Nice pullback… although now some puts going ITM!!!
STO May 6th 50 put for 1.50
STO April 29th 50 put for 1.00
NUGT put
Sold $NUGT Apr 29 55 put @ 1.80
$NUGT #ShortPuts – Sold NUGT…
$NUGT #ShortPuts – Sold NUGT APR 22 2016 51.0 Puts @ 0.35 – these expire next Friday
$NUGT #ShortCalls #Rollup – rolled…
$NUGT #ShortCalls #Rollup – rolled up the only in the money NUGT calls left for this week for a small credit.
Bought to close NUGT Apr 15 2016 46.0 Calls @ 28.85
Sold NUGT Jun 17 2016 51.0 Call @ 28.90
A tough trade to get off but at least I added 5 points to the strike price.
NUGT #ShortCalls – got an…
NUGT #ShortCalls – got an early assignment on some NUGT April 47 calls. Since Ameritrade has no stock to borrow, I covered the short at 77.30.
To offset the pain a bit I sold the following after the short stock was gone –
Sold NUGT Apr 15 2016 88.0 Calls @ 0.30 – these expire tomorrow
Sold NUGT Apr 22 2016 100.0 Calls @ 1.10 – these expire next week
SPX puts closed
#SPXcampaign In pre-market, bought to close $SPX Apr 29th 1910/1885 put spreads for .20. Sold for 1.40 on March 22.
DAL earnings report
#Earnings Delta Airlines’ earnings are in, and the stock is up as expected. I will be looking for this to settle in at 49.00 at Friday’s close. I will be putting some close orders in after the open today to take profits if they become available before Friday. I’ll list those orders as a comment below this post.
The earlier news on $FB…
The earlier news on $FB was an error…. great buying opportunity!
$SPX iron condor
STO May 20 2170/2160/1920/1910 for 1.25.
$NUGT #ShortPuts – Sold all…
$NUGT #ShortPuts – Sold all the following for next week.. If I have to cover them or roll them, that would be a good problem to have.
Sold NUGT Apr 22 2016 55.0 Puts @ 0.42
Sold NUGT Apr 22 2016 54.0 Puts @ 0.35
Sold NUGT Apr 22 2016 53.0 Puts @ 0.35
$UVXY
Following Ramie.
BTC June $80 calls @ $.41, sold for $13.00
BTC June $85 calls @ $.37, sold for $14.00
BTC June $100 call @ $.27, sold for $11.00
BTC June $105 call @ $.21, sold for $10.00
BTC Jan’17 $170 call @ $1.67, sold for $9.70 (was early on this one so didn’t get great premium)
Outta here…
Duty calls….back to the old salt mine. Have a great day everyone. JFK-MIA…hopefully they leave me alone tomorrow!
$NUGT New low of day,…
$NUGT New low of day, 79.10.
Missing Jeff…BTW NS/GG banned for life I think
From Bridget at OMM:
@mirony $FB one of our old members JeffCP was great at those OTM selling option before earnings trades. I learned a lot from him, sad he’s no longer with OMM.
$RRC #ShortPuts – Bought to…
$RRC #ShortPuts – Bought to close RRC Jun 17 2016 17.50 Puts @ 0.03.
Originally sold at 1.20 when oil was crashing.
SPX calls sold
#SPXcampaign Sold to open $SPX May 13th 2125/2150 for 1.25, with SPX at 2078. Is there no limit to this rally? New 2016 highs reached today.
UVXY clearing house
#VXXGame Taking a cue from @Ramie today; clearing out most long-term and a few short-term…
BTC Apr 29th 33.5 calls for .30. Sold for 1.90 on 3/17/16
BTC May 6th 32.5 call for .52. Sold for 2.85 on 3/24/16
BTC May 20th 50 call for .35. Sold for 1.98 on 3/24/16
BTC Jan 2017 80 call for 3.40. Sold for 15.45 last August
BTC Jan 2017 170 call for 1.75. Sold for 7.45 on 1/7/16
BTC Jan 2018 85 call for 4.90. Sold for 24.00 on 1/13/16
A Little FB Trade
STO May 13 FB 105/101 BuPS for $1.18
We’ll bail if FB reaches 105
$AAPL STO April 29 115/120…
$AAPL STO April 29 115/120 BeCS for 1.21. AAPL has been rallying, I’m planning on it backing off just like in early April. Earnings are before expiration, I intend to be out before earnings. It’s kind of a risky trade.
/VX VIX futures
Just a little quickie when the VIX dropped below 14…
Bought May futures at 17.55 and sold at 17.75. Sweet little 20 tick winner.
SPX puts closed
#SPXcampaign Bought to close $SPX Apr 20th (Wednesday) 1980/1955 put spreads for .20. Sold for 1.90 on April 5th.
$FB
One report of CLSA commenting on Facebook ad spending dropping .
Is there news on FB?…
Is there news on FB? Dumping.
I’ve been very quiet because…
I’ve been very quiet because we are getting in the earnings period and squeezes don’t work very well. So from now until the end of the earnings period, I’ll be just looking at ETFs.
If I would have been paying attention, I would have been able to catch the NUGT move up…it was on a squeeze for a while. Well next time.
UVXY, VXX: Taking off some longer term positions
Taking off a few positions to reduce exposure. I still have relatively large positions in out of the money calls in January, which I will continue to pare back into market strength.
Bought to close:
$UVXY Jan 20 2017 170 call @ 1.74. Sold for 15.25 on 1/15/16.
$UVXY Jan 20 2017 115 call @ 2.55. Sold for 33.00 on 8/27/15.
$VXX Jan 20 2017 66 call @ .54. Sold for 7.00 on 12/31/14.
DAL earnings
#Earnings Considering an earnings trade on DAL. It has moved up on the last 13 report, an average of 4% (one day after report). A bullish ATM credit spread could work, for perhaps a butterfly centered at 49, where there is huge open interest. A 4% move from here would put as at 49.50.
$NUGT
BTC May 13 $120 call @ $3.80, broke even, sold yesterday. Decided I was too early so took it off.
STO Apr 22 $60 puts @ $1.10, have enough short calls next week, I’ve been able to put on a number of additional put sales with no effect on Buying Power.
SPX puts closed
#SPXcampaign In pre-market, Bought to Close $SPX Apr 29th 1880/1855 put spreads for .20. Sold for 1.35 on Mar 29th.
Rolling AMZN
Rolled April 600 covered call up and out to May 650 for 5.00 credit.
#Rolling
Selling NUGT puts
Sold $NUGT Apr 22 65 put @ 1.70
$NUGT
Looks like we are finally going to get a pull back today. Yea!
$NUGT #ShortCalls #Rollup – to…
$NUGT #ShortCalls #Rollup – to relieve some margin pressure
Bought to close NUGT JUN 17 2016 72.0 Calls @ 25.83
Sold NUGT SEP 16 2016 90.0 Calls @26.19 – an 18 point bump in the strike price plus a 0.36 credit.
SPX puts sold
#SPXcampaign Sold to Open $SPX Apr 22nd 2000/1975 put spreads for 1.60. This is an extra spread since my first two spreads for this expiry were previously closed with profits.
NUGT reverse roll
#ContangoETFs #ReverseRoll Taking a cue from @fuzzballl here…
BTC NUGT May 6th 105 call for 6.00
STO NUGT May 20th 55 puts (x2) for 3.00
SPX Call Sold
SPX May16 2150 / 2170 Call for $1.00 when SPX @ 2059
NUGT reverse roll
Bought to Close 1 NUGT MAY 20 2016 95.0 Call @ 10.82
Sold 2 NUGT MAY 20 2016 65.0 Puts @ 6.16
Reverse roll 1 for 2 for a 1.50 net credit…reducing deltas slightly but would still like this thing lower.
NUGT puts
Added one more:
Sold NUGT APR 22 2016 70.0 Put @ 3.10
$SVXY #ShortPuts #VXXGame – Sold…
$SVXY #ShortPuts #VXXGame – Sold SVXY MAY 13 2016 35.0 Puts @ 0.90. Paired with a short Jun 55 call position, creating a 20 point strangle.
$NUGT $GDX $NEM – GDX…
$NUGT $GDX $NEM – GDX is influenced by what NEM is doing, and NUGT is obviously influenced by what GDX is doing.
So … NEM is falling hard …. just sayin’
too deep in the NUGT
After dumping ZSL completely and scaling back on KOLD, NUGT became my favorite son, but I got a bit too deep in the calls. Plus my broker turned up to 11 the margin pressure on these overnight, so I had to dump four under water calls at losses. #ContangoETFs
Example, BTC Apr 29th 105 call for 3.60 released $7K in margin.
Also BTC Apr 8th 85 call for 5.00
BTC Apr 15th 80 call for 7.50
BTC Apr 29th 100 call for 4.40
Total losses only $1K as these were sold for decent premium. Easy to start building back with puts, which also reduce the margin.
STO May 6th 55 put for 2.00
STO Apr 22nd 70 put for 3.30
$NUGT
New May strikes up to $120
VIX Indicator… Jeff would appreciate…
VIX Indicator… Jeff would appreciate if you would explain how the Tuesday levels are 19.20 and 19.50 as I thought it was 25% above previous days close.
More NUGT
Bought to Close NUGT APR 15 2016 50.0 Puts @ .05 (sold for 2.40)
