I’m short an emini with a basis of 2042.50 that’s covered by a 2020 put. This will probably get exercised this week so need to re-establish this hedge but at a much higher level. On the little bounce this morning:
SOLD /ES FEB 16 2040 CALL @ 22.75
Figuring if we get up to that level I’ll take the short position and cover it with a put to end up with a basis near 2090. By then SVXY should be rockin’…if not then I pocket a few shekels.
Moving out a week and re-establishing my hedge for short UVXY calls (and call spreads) and short SVXY puts. Hopefully these get in trouble!
Sold UVXY JAN 15 2016 28.0 Puts @ 1.04
$UVXY #ShortCalls – Sold these on the open. Wasn’t sure UVXY was going to top out at 34 yet again, but it did.
Sold 1 UVXY Feb 05 2016 66.0 Call @ 2.26
Sold 1 UVXY Feb 12 2016 66.0 Call @ 2.66
Sold 1 UVXY Feb 19 2016 66.0 Call @ 3.20
All these expire Friday and are paired with long stock
Sold 2 UVXY Jan 08 2016 40.0 Calls @ 0.65
Sold 2 UVXY Jan 08 2016 41.0 Calls @ 0.60
Sold 2 UVXY Jan 08 2016 42.0 Calls @ 0.55
Bought to Close UVXY JAN 8 2016 29.5 Puts @ .45 (sold for .96 yesterday afternoon)
$VXX #ShortCalls – Sold VXX JAN 15 2016 26.0 Calls @ 0.38. Even the early December VXX spike petered out at 24.20.
On that same spike UVXY got to 43.
Sold $AAPL July 15 75.00 puts @ 1.40
$NUGT #ShortCalls #Weeklys – Sold NUGT Jan 29 2016 40.0 Calls @ 0.55
$CMG #ShortPuts #ScalpTrade – Sold CMG Jan 08 2016 395.0 Puts @ 0.35 with the stock at 440. These expire Friday
STO Feb 5 $66 call @ $2.02
STO Feb 12 $66 call @ $2.56
STO Feb 19 $66 call @ $3.20
STO Jan 8 $41 calls @ $0.51 (expires friday)
$AAPL I’m trying again to run a fig leaf option. I bought a July 2016 100 call for 9.80 and sold a Jan 2016 107 call for .55. I do need $AAPL to increase or tread water to be profitable. I’ll sell OTM calls through winter and spring. I am doing this with $FB ending next week and it has worked well. It was working very well prior to yesterday.
UVXY #ShortCalls – new strike prices up to 66 today in all the Feb cycles for UVXY. Sold some so I can watch them and know when the price goes up.
Sold 1 UVXY(Weekly) Feb 05 2016 66.0 Call @ 1.90
Sold 1 UVXY(Weekly) Feb 12 2016 66.0 Call @ 2.25
Sold 1 UVXY Feb 19 2016 66.0 Call @ 2.86
Managing iron condors and strangles
Tasty Trade research from Dec. 30-data showing it’s wise to close them early, don’t wait for expiration. The discussion starts just before the 7 minute mark.
https://www.tastytrade.com/tt/daily_recaps/2015-12-29/episodes/iron-condors-varying-profit-targets-12-29-2015?locale=en-US
#VXXGame BTC $UVXY Jan 15th 150 calls for .05. Sold for .85 on Dec 18th.
Missed these earlier…held off the last couple days to see if it was really gonna bounce with a gold rally. Doesn’t look like it today.
Sold NUGT JUN 17 2016 50.0 Call @ 3.30
Sold NUGT JUN 17 2016 55.0 Call @ 2.80
Back in…still mainly a hedge for a long SVXY position so don’t mind rolling them a few times.
Sold UVXY JAN 8 2016 29.5 Puts @ .96
Continuing to book one side and roll the other for a credit until this thing recovers. Not much left in these so rolling at the 45 day mark for Feb.
Rolled DUST Jan 22 puts to Feb 22 @ .80 credit (accumulated premium now up to 5.35)
Still sitting on the Jan 22 calls that were sold for 1.30. Once I’m out of those will be looking to sell 21 or 22 calls for Feb to reset the straddle.
#SPXcampaign STO $SPX Jan 8th 1940/1915 put spreads for 1.50. Paired with call spreads sold earlier, all expiring this Friday.
BTC SVXY Jan 29 $63 calls @ $0.05
BTC UVXY Jan 8 21.5 puts @ $0.02
#SPXcampaign STO $SPX Jan 08 1940/1930 BuPS for 0.65.
#SPXcampaign STO $SPX Feb 6th 2130/2155call spreads for 1.25.
STO $SPX MAR1 16 (3/4/2016) 1750/1725 BuPS @1.55
Whipsawing continues … sold $SPX Jan 8th 2060/2085 call spreads for 1.45. Was poised to sell 1940/1915 put spreads but was not filled before the index reversed upwards. Will look to sell put side on next down move.
BTC Jan 15 $21 puts @ $0.02, sold for $0.50
BTC Jan 8 $24.50 puts @ $0.02, sold for $0.51
#SPXcampaign STO $SPX MAR1 16 (3/4/2016) 1735/1710 BuPS @1.40
#SPXcampaign BTC $SPX Jan 8th 2000/1975 put spreads for 7.25. Sold last week for 1.20. After another VIX Indicator warning yesterday, I will now only sell put spreads at extreme lows, like yesterday morning, where I was able to turn around a same-week spread in the same day. I will also be more aggressive with call spreads. Until we get a significant flush or correction with a high spiking VIX, I believe we will be in a continued down trend… no more buy the dips, but instead sell the rallies. I will stick with this until the market and VIX tell me something new.
Staying aggressive hedging my SVXY puts…playing with a little house money after closing a decent size similar position yesterday.
Sold UVXY JAN 8 2016 29.0 Puts @ 1.15
#SPXcampaign At 7 minutes after the close, BTC $SPX Jan 8th 1900/1875 put spreads for .30. Sold this morning for 1.30. Maybe can do it again if we get another morning of weakness.
Was away from the market all day today. Got back 15 mins before the close. Got a couple of trades filled.
STO $VXX Feb 19 $33 calls @ $1.00
STO $UVXY Mar $165 call @ $2.50 (adding to position)
STO $UVXY Jan 22 $80 calls @ $0.92
STO $UVXY Jan 29 $80 calls @ $1.40
Not the best fills as by the time I got to trade, the market was well off it lows. Kept things very small just in case this is a multi-day event.
$UVXY #ShortCalls – Sold UVXY Jan 08 2016 75.0 Calls @ 0.15. Adding to my position.
Now only 4 1/2 days until expiration. Tick Tock.
Check out the 60 minute chart. Today’s 34 high is about equal to the 12/18/15 high right around the same level. Resistance maybe?
This was from a rollout. Closing the position and booking a nice profit on the fully rolled position.
Bought to close $KOLD Jan 15 136 call @ 12.00. Sold for 41.32 as a rollout on 12/7. Booked an 18.10 loss on 12/7 and recovered 29.32 today leaving a net profit of 11.22. The rest of my January calls are at 200 and above (200, 210, 215, 310).
$TSLA taking it on the chin today, down 17(7%). I wonder if continued low oil prices hurts?
Sold $AMZN Jan 22 (weekly) 540 put @ 1.50. 100 points out of the money. Earnings not expected until Jan 28.
STO $VLO Jan 15th 67 put for 1.00
STO $VLO Jan 22nd 67 put for 1.30.
These puts are covered against a short stock position from an earnings play. Cost basis now around 68.00. #Earnings
Wow, GG has taken over OMM! No posts in SMM, so maybe gone from there. Signal/noise ratio at OMM suffering. So far no brawls.
$CMG #ShortPuts – Back to the well again on this stock – Sold 1 CMG Jan 15 2016 375.0 Put @ 1.25
$SVXY #ShortPuts – I actually don’t want any more stock, but not passing up a 10% return on cash for a six month option.
Sold 1 SVXY Jun 17 2016 30.0 Put @ 3.10
#SPXcampaign STO $SPX Jan 8th 1900/1875 put spreads for 1.30. These expire Friday.
Had to thank GG for this one. He was harping on NFLX being weak last Thursday so I had to try to protect my naked puts a little. Worked out OK…
Bought Jan monthly 110/105 put spreads @ .93 on Thursday.
Today…closed them for 2.58 for a gain of 1.65 and bought 105/100 put spreads @ 1.70. This leaves the 105/100 put spreads for a nickel debit. My kind of protection there!
Also Thursday rolled down this weeks short calls to 115 and 112 for nice credit.
So after all that it’s pretty much a wash on the losses on the short puts…so far so good.
$QQQ $VIX $SPY took some profits this morning on spreads, all Tasty trade. $VIX and $SPY were long put spreads, probably could have gotten more.
#ContangoETFs STO $TZA Jan 22nd 50 calls for 2.50. Looking at the monthly chart on this, I’m not concerned that this position will remain a problem, even if it requires some #Rolling in the short term.
$NFLX #ShortPuts – already being short the Jan 122.86 and 125.71 Calls, and wanting to encourage the stock to stay down for the next two weeks, I sold the following this morning –
Sold NFLX Jan 08 2016 90.0 Puts @ 0.15
Sold NFLX Jan 08 2016 95.0 Puts @ 0.33
Sold NFLX Jan 15 2016 90.0 Puts @ 0.53
New intraday high in SPX would be 2008.02…
Bought to Close UVXY JAN 8 2016 26.0 Puts @ .20 (sold for 1.20 up to 1.40 on Thursday)
Closing SVXY Feb 5 $62 covered call @ .55 sold @ 1.88 on 12/22 for 67%…
…from Portland, where the city is covered in ice and frozen in place. The market, however, far from it. Should we try to catch a falling icicle today, or is more pain to come? The VIX indicator will likely fire another warning shot this morning as volatility continues to rule the day. I’m looking for a really sharp down day and big VIX spike before I expect to see SPX move back toward 2100. Keeping light on the put spreads and adding call spreads whenever I can.
$UVXY #ShortCalls – sold these at to the open. All expire Friday –
Sold UVXY Jan 08 2016 55.0 Calls @ 0.26
Sold UVXY Jan 08 2016 60.0 Calls @ 0.16
Sold UVXY Jan 08 2016 65.0 Calls @ 0.13
Sold UVXY Jan 08 2016 70.0 Calls @ 0.11
Sold UVXY Jan 08 2016 75.0 Calls @ 0.11
Sold UVXY Jan 08 2016 80.0 Calls @ 0.11
#SPXcampaign In Pre-market, BTC $SPX Jan 14th (monthlys) 2135/2160 call spreads for .20.
Good Morning, looks like a big down day, thanks to China
$SPXW 1935/1960 BUPS
$SPXW 1985/2010 BUPS
$UVXY 27P
$UVXY 24P
$IONS 58P
$SVXY #OptionsExpiration
Expired
$SVXY Dec 31st 52 Call
$SVXY Dec 31st 56 Call
$SVXY Dec 31st 45 Put
Have a wonderful, safe New Year’s everyone!
I was away from my desk for the last couple of hours of trading. While I was out, I had to close a position I thought was probably safe earlier in the day; it proved not to be the case so I wanted to avoid assignment. Bought to close $NFLX Dec 31 115 puts @ .49. Was able to still take out over 70% of max profit.
Expirations:
$NUGT 12/31/2015 34.00 calls
$UVXY 12/31/2015 56.00 calls
No assignments this week.
Have a fantastic (and safe) New Years everyone. To a happy, healthy and prosperous 2016!
#OptionsExpiration #Weeklys #Dec31 #EndOfYear – One last week with 100% of the short Options sold expiring with 100% of the max Profit.
I love selling premium, and I love weekly expirations.
CMG (Weekly) Dec 31 2015 400 Puts
KSU (Weekly) Dec 31 2015 75 Calls (Covered)
NUGT (Weekly) Dec 31 2015 35 Calls (Covered)
SVXY (Weekly) Dec 31 2015 53 Calls (Covered)
SVXY (Weekly) Dec 31 2015 54 Calls (Covered)
SVXY (Weekly) Dec 31 2015 65 Calls (Covered)
SVXY (Weekly) Dec 31 2015 70 Calls (Covered)
SVXY (Weekly) Dec 31 2015 71 Calls (Covered)
UVXY (Weekly) Dec 31 2015 20 Puts
UVXY (Weekly) Dec 31 2015 56 Calls (Covered)
WYNN (Weekly) Dec 31 2015 64.5 Puts (Covered)
XOP (Weekly) Dec 31 2015 31.5 Calls (Covered)
Happy New Year everyone
Expiring with 100% of max profit:
$DUST 20 calls
$NUGT 34 call
$SPX 2005/1980 put spreads
$SPX 2100/2125 call spreads
$VLO 66 puts (covered)
Have a great New Year’s weekend every one! See you on the other side.
I was just popping in for a moment. Will be away for the rest of the day. Since I knew I was traveling and visiting family over the holiday’s, I purposely had very few options contracts this week.
A bit of an early ball spike but here is my lone remaining option expiring today:
$UVXY $24 puts
Have a great new years everyone. See you next week.
Kelly
#SPXcampaign Selling $SPX Jan 8th 2100/2125 call spreads, and 1970/1945 put spreads. Looking for 1.25-1.35 each side. Small in size. This will complete my #Rolling for the week. Adding more to the call spread I started this morning, and opening new lower striked put spreads. My 2000/1975 puts survived the day, just barely. Since it’s the only put spread I have I’m okay holding it over a weekend, even though market it precarious.
STO Jan 22 $32 calls @ $0.65
#VXXGame STO $UVXY Jan 15th 23 puts for .90
STO UVXY Jan 22nd 22 puts for 1.00
STO UVXY Jan 22nd 22/20 put spreads for .55 (smaller account)
Popping in to wish everyone a Happy New Year! and put on a covered call. Sold Jan 15 55 Covered Call, @ 1.05. Replacing what expires today. As usual I was a tad early and sold right before the pop. May all your trades be profitable in the coming year.
$UVXY – Putting the hedge back on a strike lower next week. Margin free against Jan monthly 35/50 45/60 55/70 55/75 bear call spreads. Half position so far…Jeff is right…these are pretty easy to roll down especially if VIX stays above 15 or so. Plenty of SVXY will be doing great if these get too far in the money.
Sold UVXY JAN 8 2016 26.0 Puts @ 1.20
Sold UVXY JAN 8 2016 26.0 Puts @ 1.30
Sold UVXY JAN 8 2016 26.0 Puts @ 1.35
Sold UVXY JAN 8 2016 26.0 Puts @ 1.40
$UVXY #ShortCalls – Sold UVXY Mar 18 2016 165.0 Calls @ 1.71. Highest available strike price for this month.
STO Jan 8 $29 calls @ $0.30
$DGAZ running again on weekly EIA 10:30 release back in 12.52 now out at 13.05 10 min 4% scalpie
————————————————————————————
Now I grew up in a small town in a little school but I still can’t make that math work…4 percent? What am I missing?
Taking off a very profitable weekly hedge. Went against the grain a little but paid nicely. Will re-load on any strength.
Bought to Close UVXY DEC 31 2015 27.0 Puts @ .15 (sold for 1.40)
Bought to Close SVXY DEC 31 2015 52.0 Calls @ .15 (sold for 1.40)
$TSLA #ShortPuts – Bought to close 1 TSLA Jan 15 2016 140.0 Put @ 0.01.
Originally sold 11/05/2014 at 10.40
Pretty interesting that Gold is up on a day where the Dollar is showing some real strength. We’ll have to see if that holds up as the day goes on. If gold reverses and starts dropping, I’ll look to add some additional short term $NUGT positions.
#SPXcampaign STO $SPX Jan 8th 2100/2125 call spreads for 1.30, as part of a roll from this week’s call spread that was stopped on Monday. Getting a bit whipsawed this week, as I expected a flat to bullish week before volatility came in next week. Maybe I had that backwards, or maybe this week being down is the start of a January correction early. In any case, I am now watching next week’s 2000/1975 put spread, which is approaching its stop level. It’s the only put spread I’m holding beyond this week. I want to sell more call spreads, and will do if SPX can gain its footing today.
Opened my first position in February. Sold $SVXY Feb 19 35.00 puts @ 1.10.
#VXXGame
STO $KOLD 5/20 $310C @ 8.8 Thanks Iceman
STO $KOLD 5/20 $275C @ 7.3 Thanks Iceman
STO $KOLD 5/20 $114P @ 1.3 Thanks Iceman
BTO Cov Call $CLVS 1/15 35C @ 32.5 net
BTO Cov Call $GPS 2/19 26C @ 24.55 net Thanks Forexpro
STO $AMZN 1/15 640/650 BUPS @1.15
STO $NFLX 1/15 110/115 BUPS @ 1.15
STO $SPXW 1/8 1975/2000 BUPS @1.25 Thanks Jeff
STO $UVXY 1/15 22P and 2oP @ 1 and .45 Thanks Iceman
STO $THC 2/19 25P @.7 Thanks Ramie
STO Jan 15 $21 puts @ $0.50 to replace $24 puts that should expire worthless on Thursday.
$KOLD – I’m now the bid “at a nickel” on several of the short puts I sold in this name yesterday. I’ll keep these as GTC orders until Jan 8th. If they have not filled by then, I’ll cancel the orders and gut out the last week until expiration.
Tomorrow is the last trading day of 2015. Made money overall and I hope you all (or y’all) did too.
$KSU #CoveredCalls – Sold KSU Dec 31 2015 75.0 Calls @ 0.35. These expire tomorrow
I’m light on health care stocks so selling some Feb puts in this name. Expiration before scheduled earnings.
Sold Feb 19 25.00 puts @ .65 with the stock at 30.42. Strike price is below the recent lows of around 26.60 in mid-December and mid-October.
$AMBA Sold some Jan 15 61 covered calls @1.07 as I slowly erase a deficit from bad BuPS in the past.
Relatively high IV (IV rank of 76). Sold $RRC Feb 19 20 puts @ .90. Strike is below recent lows. Earnings not expected until Feb 23.
