FB tanking
Recent Updates Page 528
OPEC News: http://www.bloomberg.com/news/articles/2016-02-16/oil-freeze-iraq-ready-to-cap-output-iran-to-maintain-share
OPEC News:
http://www.bloomberg.com/news/articles/2016-02-16/oil-freeze-iraq-ready-to-cap-output-iran-to-maintain-share
$UVXY Closed March 18 30/25…
$UVXY Closed March 18 30/25 BuPS for .49, sold for 1.03 on Feb. 10. Thanks Fuzzball
$UVXY BTC 2/19/16 70.0 PUTS…
$UVXY BTC 2/19/16 70.0 PUTS @.15 Hey, good idea Jeff, opened up some margin power.
SPX
STO Mar 18 2030/2040 BeCS for 0.55
$ETE STO 3/4/16 7.50 CALLS…
$ETE STO 3/4/16 7.50 CALLS @.45 With this trade I made a short strangle w/the 3/4/16 4.50 PUTS.
$NUGT STO 3/11/16 30.0 PUTS @1.45 Fuzzball’s idea, my strike.
VXX and UVXY closed
Closed some profits early to clear space.
BTC VXX Feb 19 32/35 call spreads for .07. Previously sold for .25
BTC UVXY Feb 19 68/70 call spreads for .08. Previously sold for .20
SPX puts closed
#SPXcampaign In pre-market, Bought to close $SPX March 11th 1600/1575 put spreads for .50. Sold for 1.25. Stop was set higher than usual to avoid longer exposure.
UVXY trimming
#VXXGame Booked several near-term positions, all at 90% max profit or higher:
BTC UVXY Feb 19th 29 puts for .03
BTC UVXY Feb 26th 28 puts for .03
BTC UVXY Feb 19th 85 calls for .05
BTC UVXY Feb 26th 85 calls for .43
BTC UVXY Feb 26th 95 calls for .23
BTC UVXY Feb 26th 110 calls for .09
SPX call spread, March monthly
#SPXcampaign Sold to Open $SPX March 17th 2025/2050 call spreads for 1.50, with SPX at 1886.
UVXY moving up steadily despite…
UVXY moving up steadily despite decent strength in SPX
Fibs Resistance at 1878-1880; 1886-1895;…
Fibs Resistance at 1878-1880; 1886-1895; 1925-28; 1935-1945 and 1998-2000.
#Gold $NUGT
Are pulling back but are well off the low’s and bouncing strongly. Gold is $20+ off it’s low and $NUGT is $5 off it’s low, still down $6, but well off the low’s.
/VX VIX futures
Booking a little winner while I can. Big pullback today in these. Originally sold @ 24.15…bought ’em back at 23.90 for a little 25 tick winner. Looking to re-load above 24 again.
$NUGT
I made some trades on Friday but was very busy and didn’t have time to talk about the what and why.
Given the strength in $NUGT, I sold some additional puts to give me more protection if $NUGT just keeps running, and gives be a bigger window for making money if we do get some pull backs short term. I’m thinking that the strength in $NUGT/$GDX on friday was short covering before the weekend and any further pullback in Gold will show itself in a pull back in $GDX/$NUGT. Longer term puts were sold such that if I do get put stock, that will happen in the $20’s or lower. Likely be able to close for a profit long before expiration. Gold will eventually either stabilize or pull back, both will reduce volatility/reduce options premiums (vol suck).
STO Feb 19 $50 puts @ $4.00 to pair up with my short $50 calls. I now have a profitable window from $55.20 down to $44.80 so with a short week and any sort of pull back, I’m likely to end up in that window. Below $46 and I roll the put down and out. Above $54 and I roll the call up and out.
STO Mar 11 $40 puts @ $3.30 against $70 calls, now profitable between $75 and $35
STO June $40 puts @ $9.90 against $70/$72 calls, stock put to me @ effectively $26
STO Jan’17 $53 puts @ $26 against $75 calls, stock put to me effectively below $20
If we get a pull back this week (improving put premium), I will be looking to sell Feb 26 puts against my $60 calls. I still have a few other call positions not covered with short puts while I monitor how this plays out.
Time will tell if this was a smart move or not.
Hope you all have a great weekend.
Expiration 2/12/16
Starting slowly. Still listing! (-:
100% Max Profits
SVXY 30 puts
UVXY 29 Puts
SPXW 1775/1800 BUPS
SPXW 2040/2015 BECS
Closed Early
MCD Strangle 125/122 BECS // 110/115 BUPS Sold for $1.55, bought back for $.55
Options Expiration 2/12/16
#OptionsExpiration Quite a tough week, with a bullish feeling at the end… rally into next week or more downside ahead?
— Expiring with 100% of max profit:
NUGT 30 and 30.5 puts
UVXY 70 calls
UVXY 29 puts
SPX 1770/1745 put spreads
SPX 1790/1765 put spreads
SPX 1925/1950 call spreads
SPX 1990/2015 call spreads
— Assignment —
VLO 66 put, short stock position closed
#OptionsExpiration – a tough week…
#OptionsExpiration – a tough week with rallies in both Gold and the VIX. The big one is next week
— Expirations —
CMG (Weekly) Feb 12 2016 400 Puts (Covered)
CMG (Weekly) Feb 12 2016 402.5 Puts (Covered)
CMG (Weekly) Feb 12 2016 405 Puts (Covered)
CMG (Weekly) Feb 12 2016 407.5 Puts (Covered)
CMG (Weekly) Feb 12 2016 410 Puts (Covered)
DUST (Weekly) Feb 12 2016 8 Calls (Covered)
DUST (Weekly) Feb 12 2016 8.5 Calls (Covered)
FCX (Weekly) Feb 12 2016 6.5 Calls (Covered)
NFLX (Weekly) Feb 12 2016 102 Calls
NUGT (Weekly) Feb 12 2016 31 Puts (Covered)
NUGT (Weekly) Feb 12 2016 30.5 Puts
NUGT (Weekly) Feb 12 2016 30 Puts
NUGT (Weekly) Feb 12 2016 29 Puts
NUGT (Weekly) Feb 12 2016 28.5 Puts
TSLA (Weekly) Feb 12 2016 82 Puts
TWTR (Weekly) Feb 12 2016 20 Calls (Covered)
UVXY (Weekly) Feb 12 2016 85 Calls
UVXY (Weekly) Feb 12 2016 95 Calls
— Assignments —
DUST (Weekly) Feb 12 2016 9 Puts
DUST (Weekly) Feb 12 2016 9.5 Puts
NUGT (Weekly) Feb 12 2016 40 Calls (Covered)
#OptionsExpiration
$NUGT $30 puts
$NUGT $45 puts
$NUGT $50 puts
$UVXY $66 Calls
$UVXY $75 Calls
$UVXY 85 Calls
#OptionsExpiration for 2/12 $NFLX 02/12/2016…
#OptionsExpiration for 2/12
$NFLX 02/12/2016 101.00 calls
$TSLA 02/12/2016 110.00 puts
$TWTR 02/12/2016 19.00 calls
$UVXY 02/12/2016 66.00 calls
$UVXY 02/12/2016 70.00 calls
$UVXY 02/12/2016 85.00 calls
$UVXY 02/12/2016 95.00 calls
$SPX 02/12/2016 1795/1770 put spreads
No assignments this week.
Have a great 3 day weekend!
#Gold $NUGT
Gold down today, yet $NUGT up 8%
NUGT #ShortCalls #RollOut – I…
NUGT #ShortCalls #RollOut – I can’t believe gold is still moving up while the market rallies and the VIX is dropping
Bought to close NUGT FEB 12 2016 35.0 Calls @ 20.40
Sold to Open NUGT SEP 16 2016 56.0 Calls @ 22.03
$ETE STO 3/4/16 4.50 PUTS…
$ETE STO 3/4/16 4.50 PUTS @.55 Done for the day.
Option Expiration: WLL 6.00 CALLS Expired
Have a safe and great weekend everyone. ;>)
Taking some profits on ZSL
Bought to close $ZSL May 20 90 calls @ .40. Sold for 3.25 (actually 6.50 pre-2:1 split) on 11/12/15. No sense holding these for another 3+ months for the last .40, especially with the high carrying cost.
SPX put DEBIT spread
#SPXcampaign Putting money where my bearish mouth is… half-sized position,
Bought to Open $SPX March 11th 1650/1625 put spreads for 1.40. Idea is to double money next week if we push back down toward 1800. This is in addition to Robert’s ITM put spread I bought below.
BTC $UVXY 2/12/16 70.0 CALL…
BTC $UVXY 2/12/16 70.0 CALL @.03 Thanks to Jeff for this idea.
BTC $ETE 2/26/16 3.50 PUTS @.15
STO $UVXY 2/19/16 70.0CALLS @1.04 To replace the above, and yah, I know $UVXY’s down, but no premium in puts unless you go out in time, and I just wanted to get more familiar with Jeff’s idea.
BTO SPX Mar 11 1895/1880…
BTO SPX Mar 11 1895/1880 BePS at $8.20…There is a K-Node at 1893-95 so I’ll place my stop at 1905.50 to get out if it breaks above the K-Node….The max Loss at that level should be less than $185 pp….
SPX spreads, closing early for profit.
Closed two spreads today for early, but nice profit.
SPX Feb 12 1870/1880 Call spread, STO yesterday for 0.50 and BTC today for 0.20.
SPX Feb 19 2020/2010/1700/1690 IC, STO for 1.45 and BTC today for 0.20.
I’ll take those and enjoy my Valentine’s weekend.
SPX spreads, I sold the following today:March 4, 2000/2025 for 0.55, March 11,2000/2025 call spread for 1.15 and April 1, 2035/2065 for 1.40
BIB stock
Trading around a core position. In 36 the other day now out at 37.90 for a quickie.
$GDX
Catching a bid again today even though Gold is down somewhat.
UVXY puts
Phone trading again from gate D42 MIA. Lol…
Closed Feb 38 puts @ 06. Sold for 2.26 after multiple roll ups.
Sold Mar week 2 35 puts @ 1.15. A little late to the party but following Jeff.
Like the spread idea also. Trying for monthly 35/32 @ .75 in #IRA.
$NUGT
STO Feb 12 $50 puts @ $0.80
Sold this morning when it looked like $NUGT was going to continue higher
$SPX
$SPX Jeff, followed you in this trade. I agree there is a lot of overhead resistance. Sold to open Mar 4th 1980/2005 BeCS @ 1.25 when $SPX traded at 1856.40. If this gets in trouble then the rest of portfolio will be happy.
Closing March CMG
Closing the position I put on 4 days ago and taking a little better than 50% max profit. In this market (and particularly with this stock) I didn’t want to wait more than a month for the other 50%.
Bought to close $CMG Mar 18 375 put @ 2.85. Sold for 6.10 on 2/8.
SPX call spread
#SPXcampaign, I guess I am 5 points more patient than @Ramie…
Sold to Open $SPX March 4th 1980/2005 call spreads for 1.25, with SPX at 1857.
Selling SPX call spreads
Sold $SPX Mar 4 1975/2000 call spread @ 1.40 credit. Short strike is well above resistance levels, and outside of 1 standard deviation (1963).
UVXY
BTC $UVXY Feb 19th 70 calls for 1.20. Sold for 2.75. Good enough profit to close this; it was my lowest strike and don’t want to risk what could be a volatile week. Replaced them with…
STO UVXY March 11th 35 puts for 1.35
Smaller account: STO UVXY March 18th 35/33 put spreads for .52
There is a lot of…
There is a lot of resistance above this level on the SPX; there is 1862-65, then 1893-1900 and then 1945-50; if we push over the 1900 level, there may be enough short covering to push it to the next level at 1945-50…Who knows.
Price action today has been really sluggish, but we’ll see.
Trimming
In addition to the ETFs I mentioned below, I am also scaling back on some troubled long positions, as I feel we will be going lower overall in the coming weeks. PLEASE do not take that as gospel… there are some who think we may have made a sufficient base at support around the Oct 2014 lows and will now grind or fly higher. Could be. But my opinion has formed since November’s slide down and only gotten stronger. Perhaps my posting of this will signal the bottom! But until that is clear, I remain bearish.
STC $DATA stock for 40.67. This was earnings assignment from 62 puts. Closed half the position before stock was assigned, now reducing more. I have sold one covered call (March 45)
BTC $NOW Feb 19th 60 puts at 12.00, avg price. Still holding on to some, offset with short calls
If these were stocks like DIS or MSFT going underwater, holding through pain will eventually pay off. But these companies are less liquid and could bleed off and never recover.
$LNKD #ironcondor sold a March…
$LNKD #ironcondor sold a March 18 95/90/120/125 @ 2.06, stock is at 101 and change, thinking it is oversold
NUGT and KOLD
I’ve come under some margin pressure for over-sized call positions in both these names. I have been scaling back, closing my only remaining ITM KOLD call and a few NUGT ITM calls. I am refraining from new positions now. As I don’t want to limit my margin power in the future, I will hold off on selling multiple calls on these ETF’s until they are in a very strong uptrend. The spikes seem to happen often enough, but during the boring parts in between I sell too many that then go underwater. I am not rolling now as that wouldn’t help the margin issue, so I will look to profit from these #ContangoETFs in the coming weeks. I still have multiple OTM calls that should be safe in both KOLD and NUGT.
#Markets – remember that the…
#Markets – remember that the markets are closed on Monday. Only a 4 day trading week to bleed premium away faster
GOLD
Just wow. No end in sight. Few Call spreads and a June 72 call hurting, but broke even on the day because I bought a 1300 next week /gc call@1.70 last night and sold it today @10.90
Ironically, it matched the loss I have in a few of my NUGT position to give me a break even day in gold.
1400 in gold seems probable soon at this rate.
$VIX earlier today closed a…
$VIX earlier today closed a 21/26 BuCS, made about 2.50.
$SWHC #coveredcalls followed somebody from yesterday, can’t find his post, Feb. 19, 23 covered call for 21.19
This is Smith and Wesson
The Nasdaq Composite is now…
The Nasdaq Composite is now up for the day
Unreal.
Closing some KOLD positions
Today’s action really strained buying power so I closed these positions for nice profits instead of waiting for expiration. The margin requirements for this ticker are large enough that it freed up a good chunk of buying power.
BTC $KOLD Feb 19 320 call @ .77 (sold for 10.00 on 12/22)
BTC $KOLD Feb 19 270 calls @ .75 (sold for 1.40-2.70 from 1/14-2/2)
BTC $KOLD Feb 19 250 call @ .90 (sold for 4.00 on 12/30)
BTC $KOLD Feb 19 220 call @ 1.50 (sold for 4.20 on 1/6)
SPX calls
#SPXcampaign Sold to Open $SPX Feb 29th (monthlys) 1950/1975 call spreads for 1.45.
OPEC reportedly ready to cut…
OPEC reportedly ready to cut output = bounce
$UVXY $VIX
$VIX above $30, $UVXY above $60. A lot of fear in the air.
FB mgt
#Earnings #ShortStock Sold to Open $FB March 4th 110 calls for 1.00 and April 1st 112 call for 1.75. Also, BTC Feb 12th 110 put for 9.20. This is management against my short stock position… sold too many puts when it was above 110, so backing out of some to hold the short stock for lower prices.
$UVXY
STO Feb 19 $100 calls @ $0.50 Expire next friday
$UVXY
$UVXY Sold Mar 4th 95/105 bear call spread in my IRA @ 0.80 when UVXY was at 59.24 @11:05 AM. I’m staying short term because I will be traveling early March and small to control risk. Mostly cash in the trading account.
$XBI
Went positive on the day
$LNKD #ShortPuts – Bought to…
$LNKD #ShortPuts – Bought to close 1 LNKD Feb 12 2016 100.0 Put @ 1.00. This went in the money this morning so I’m not going to gamble in this market environment. Still made some money on the trade.
$DIS
Strong on a weak day. Been working higher since the open.
SPX trades
#SPXcampaign
Bought to close $SPX Feb 26th 2025/2050 call spreads for .20. Originally sold for 1.55.
Stopped out, March 4th 1700/1675 put spreads for 2.90. Originally sold for 1.25.
#ReverseRoll Sold to Open SPX March 4th 1960/1985 call spreads for 1.45.
Selling a call spread on a 2% down day, you ask? Yes! Call spreads are working without fail. I will definitely sell more with any bounce higher today and every day there’s a bounce, but currently I have stopped selling put spreads more than a few days out.
UVXY call spreads
Adding one to an existing position…
Sold UVXY JUN 17 2016 80/100 Bear call spread @ 3.00
TSLA, sold the Junr 200 calls for 7.00
We are now at the…
We are now at the Jan 20th lows.
$UVXY #Roll
Rolled Feb 12 $60 Calls to Feb 26 $85 calls for $.35 credit
BA trades
Rolled Feb 110 put out to Mar for 2.20 credit
Bought to close $BA Feb 19 110 put @ 4.85
Sold to open $BA Mar 18 110 put @ 7.05
Also sold an April put (15 delta)
Sold to open $BA Apr 15 90 put @ 1.95
The stock hasn’t been at 90 since May 2013
SPX one-day trade
#SPXcampaign Sold to Open $SPX Feb 12th 1770/1745 put spreads for 1.40. Expires tomorrow. Also still sitting on 1790/1765 spreads, which are a bit of a nail biter.
$NUGT
STO Feb 12 $45 puts @ $0.85 expire tomorrow
Rolling TZA
Rolled Feb calls out to March 4 weekly for 1.35 credit
Bought to close $TZA Feb 19 70 calls @ 4.84
Sold to open $TZA Mar 18 72.50 calls @ 6.19
Rolling TLT
Rolled Feb calls out to March for .69 credit
Bought to close $TLT Feb 19 129 calls @ 4.96
Sold to open $TLT Mar 18 129 calls @ 5.65
UVXY short-term
#VXXGame This is a trade that has been working for 5 weeks straight. On Thursday or Friday, use any spikes in $UVXY to sell calls expiring the following Friday (7 to 8 days DTE) about 25-30 points above current price. Then continue to add more on Monday or Tuesday if there are more spikes. I have this week’s 70 calls that should expire tomorrow, sold between .50 and 1.10. I usually end up with 7-10 contracts around .70-.80 avg price, so a nice $500-$800 gain each week. There will likely be a week where we get a much bigger volatility spike, and this trade will have to be rolled or closed with a loss. But as long as VIX remains orderly, this is working. This morning…
Sold to Open UVXY Feb 19th 85 calls for 1.07. I missed the highs but will sell more if we go higher, or move to a lower strike if UVXY drops.
$UVXY $VXX
STO $UVXY Mar 4 $105 Calls @ $2.37
STO $UVXY Mar 11 $105 Calls @ $3.81
STO $UVXY Mar 28 $95 Call @ $6.60
STO $VXX Apr 15 $45 calls @ $1.50
UVXY adding at highest strike
Sold $UVXY Mar 24 105 call @ 5.00
#VXXGame
TLT trade
#LongCalls I wish I had purchased more of these; the Jan 123 calls were a nice profit, but these are a home run. Peeling off one now in case this morning was a short-term high.
STC $TLT Feb 19th 123 call for 11.25. Bought in Dec for 2.00.
New low in SVXY
Breaking it’s most recent low of 31.90 on 1/20/15; Lowest since Jan 2013
#VXXGame
Today’s SPX supports: Intermediate Supports…
Today’s SPX supports:
Intermediate Supports at 1820-27 and 1806-10 which are 61.8% extensions from previous moves.
Also at 1820 which is from the low of 10/15/14
and 1812 from the low of 1/20/16
As you can see there is a lot of support around the 1820-1810 area.
There is also a major support is at 1803 which is the 38.1% Fib Retracement from low of Jun 4 2012…to high of May 20 2015….
and 1780 which is the 61.8% extension of the previous down move from Dec 29 15 to Jan 20 16.
Below those tighten your seat belts.
Watch the 8 period stochastic, if it starts turning up at any one of these levels it is normally a sign that the level might hold for at least today….
#Gold
Is definitely trading as safety trade now. Decoupled from inflation fears (none) or correlation to currency. People are moving to gold and bonds as places to hide.
SWHC Taking cover!
Covered call today on SWHC. Feb 19 call and stock. If called away, 6.3% return in a little over a week.
If not called, will continue to write calls.
TSLA longer term puts
Sold $TSLA Sep 16 60 puts @ 2.20
