$ZSL hitting a four-month high
Recent Updates Page 541
SPX put STOP
$SPXcampaign BTC $SPX Jan 8th 1890/1865 put spreads for 3.45. Sold for 1.40 on Dec 4th as a roll. 3.50 was my stop.
I am currently not entering any new positions on SPXcampaign… waiting for volatility to either kick really high, or head back toward lows. Currently to volatile for this strategy.
/ES #Eminis
$Eminis – Really strange…had a standing order to cover a short at 1993.25. Got hit on that sudden spike down. Turned around 4 minutes later and sold it again for 2009.75. Trying to cover again down around 1995. Some sort of strange news I guess really moving this thing!
I am day trading SVXY…
I am day trading SVXY stock in this madness. May use UVXY too. In and out in minutes with these swings.
$UVXY #VXXGame – Liquidated more…
$UVXY #VXXGame – Liquidated more long stock at 40.41 and then sold more Puts for this week
Sold UVXY Dec 18 2015 26.5 Puts @ 0.35
Sold UVXY Dec 18 2015 27.0 Puts @ 0.43 (edit to correct the price)
$KOLD
STO Jan’16 $130 puts @ $1.25
STO Feb’16 $100 puts @ $1.25
SPX calls closed
BTC $SPX Dec 17th 2125/2150 for .20. Sold for 1.20 on Thursday. Keeping out of the way of a possible bear market rally on monthly expiration with Friday AM settlement.
$VIX Indicator
Once initial warnings fire, secondary signals are less significant, but still signal likelihood of a correction. Friday saw a signal and we just touched above 25.60, which is 100% higher than the Oct 28 $VIX low. So that’s the fourth warning since Nov 13th.
$UVXY #ShortPuts – Sold UVXY…
$UVXY #ShortPuts – Sold UVXY Dec 18 2015 25.5 Puts @ 0.40
$KOLD
STO May $90 puts @ $2.10
$UVXY #VXXGame #Weeklys- Sold these…
KOLD cocked
#ContangoETFs New $KOLD call strikes up to 230. Probably best to buy them or ignore them!
$SVXY
BTC Dec 24 $64 Calls @ $0.05
$SVXY $UVXY
I was away from the market for most of Friday. I went into the day with 3 positions ready to expire. $UVXY $40 calls, $SVXY $45 and $50 puts. The only thing that would affect these was a big sell off, which is obviously what happened. Early in the day it sure looked to me like there was little chance of the market bouncing, so with $SVXY about $49.50, I closed my $50 puts for $1 (sold for $0.50 so lost $150). I closed my $45 puts to cover the loss and still book a profit just in case. I held onto my $UVXY $40 calls as I did not think it would get there. I checked on the market with about 1.5 hrs left until the close, $UVXY was about $37.5. I was going to be in meetings the rest of the day so I closed out the position for $.15 (sold for $0.45).
So at the end of the day I had nothing left to expire.
Good morning…
I will be picking any entries sparingly and carefully before the FOMC decision. The downside risk is evident, but whichever decision they announce on Wednesday could send markets screaming higher, at least briefly. As for the #SPXcampaign, I was stopped out of put spreads and closed several call spreads Friday, and for now will be easing off on the normal weekly entries in the face of unpredictable volatility.
UVXY – new calls available…
UVXY – new calls available up to the 65 strike for all the January Weeklys
$UVXY – Sold 200 UVXY…
$UVXY – Sold 200 UVXY at 41.00 in the pre-market. Left over from an old put assignment at 40 from several months ago. Its going to be that type of day.
SPX calls closed
#SPXcampaign, in the last hour of the session, BTC $SPX Dec 24th 2155/2180 call spreads for .20. Sold for 1.30 last Friday as a roll.
#OptionsExpiration – volatile week. GMCR…
#OptionsExpiration – volatile week. GMCR ruined what would have been a good month to date.
DUST (Weekly) Dec 11 2015 15 Puts
DUST (Weekly) Dec 11 2015 19 Calls
KMI (Weekly) Dec 11 2015 15.5 Puts
NFLX (Weekly) Dec 11 2015 115 Puts
NUGT (Weekly) Dec 11 2015 36.5 Calls
SVXY (Weekly) Dec 11 2015 65 Calls
SVXY (Weekly) Dec 11 2015 70 Calls
UVXY (Weekly) Dec 11 2015 20 Puts
UVXY (Weekly) Dec 11 2015 21 Puts
UVXY (Weekly) Dec 11 2015 21.5 Puts
UVXY (Weekly) Dec 11 2015 41 Calls
UVXY (Weekly) Dec 11 2015 42 Calls
UVXY (Weekly) Dec 11 2015 43 Calls
UVXY (Weekly) Dec 11 2015 44 Calls
UVXY (Weekly) Dec 11 2015 55 Calls
UVXY (Weekly) Dec 11 2015 60 Calls
UVXY (Weekly) Dec 11 2015 65 Calls
UVXY (Weekly) Dec 11 2015 70 Calls
WYNN (Weekly) Dec 11 2015 61.5 Puts
WYNN (Weekly) Dec 11 2015 57 Puts
— Assignments —
GMCR (Weekly) Dec 11 2015 60 Calls – had to buy in the stock to cover the calls
GMCR (Weekly) Dec 11 2015 61 Calls – ”
SVXY (Weekly) Dec 11 2015 47 Puts
SVXY (Weekly) Dec 11 2015 48 Puts
SVXY (Weekly) Dec 11 2015 49 Puts
UVXY (Weekly) Dec 11 2015 38 Calls (Covered)
Options Expiration for Dec 11
Expiring:
$NUGT 12/11/2015 36.50 calls
$UVXY 12/11/2015 41.00 calls
$UVXY 12/11/2015 55.00 calls
No assignments today.
Expiration:
Expired worthless, full credit:
$SPX 2005/1995 BuPS. Sold for .50 on 12/7,
Next week should be interesting, to say the least!
Closing SVXY to avoid assignment
Bought to close $SVXY Dec 11 45 put @ .35 as it dipped below the strike price minutes before the close. Sold for 1.50 on 11/12 so I’ll take my 75% of max profit off to avoid the risk. Already plenty long SVXY…
Options Expiration 12/11/15
These expired worthless, full credit:
$DUST 30 call
$UVXY 23 puts
$VLO 74 call
$SPX 2085/2110 call spreads
$SPX 2130/2155 call spreads
Assignment:
$VLO 69 put, partial short stock position covered
Have a great weekend everyone! I’ll be checking in on the blog all weekend.
SPXW call spreads
BTC Dec 19 2150/2160 for .05 Sold for 1.00 on 11/17.
Consider some low cost hedges…
Consider some low cost hedges in case the market pulls another August 24th on Monday. Buy OTM options that will do well with a 2 SD move. They will be low cost enough that you won’t care about losing if market rebounds, or they will profit nicely at Monday’s open. If you’re certain Monday will be ugly, go bigger
SPX same week puts
Waiting till the end rarely works… had to pay up, 14.00, to exit my Dec 11th 2025/2000 spread. Will make it up some day when the market finishes its correction and heads to new highs. Could be awhile.
SPX stop
#SPXcampaign Had to take another one ahead of the weekend… can’t get stuck with these monthly spreads that could easily be in the money should next week crash.
BTC $SPX Dec 17th 1925/1900 put spreads for 2.60. Sold for 1.30 on Nov 19th.
SPX, fresh LOD
SPX, fresh LOD
STO Jan2 SPX 2120/2135 1.70…
STO Jan2 SPX 2120/2135 1.70 to make IC again
closed 2160/2175 for .50 this AM, will close again for 50%
$UVXY #ShortCalls #VXXGame #TopOfTheChain Sold…
$UVXY #ShortCalls #VXXGame #TopOfTheChain
Sold 1 UVXY Mar 18 2016 165.0 Call @ 3.30
Sold 1 UVXY Jan 20 2017 170.0 Call @ 12.10
SPX stop
#SPXcampaign BTC $SPX Dec 17th 1945/1920 put spreads for 2.90. Sold for 1.35 on Nov 23rd. Hopefully the last spread I will have to stop, although I will look at what is left and consider closing early before a possible Monday crash.
Another #VXXGame trade Proceeding cautiously…
Another #VXXGame trade
Proceeding cautiously here, being really picky about which opportunities to jump on.
Sold $UVXY Dec 24 70 call (highest strike) @ 1.85. Adding to position at a higher premium.
SPX call spread roll
#SPXcampaign STO $SPX Dec 24th 2110/2135 call spreads for 2.00. This is a #ReverseRoll from the Dec 24th put spread stopped out today. This is the only call-roll I will use today, as I do not want to throw all my risk up there only to have a huge bear-market rally next week. Waiting for Monday to look at further rolls.
$SVXY
$SVXY BTC Today’s 45 Put @ .30 to avoid potential assignment risk this afternoon as I will be away the last part of the day. STO @ 2.00 on 11/13.
More call spreads closed
#SPXcampaign Clearing decks so I can roll some of these spreads down so I can #ReverseRoll from the put spreads
BTC $SPX Dec 24th 2180/2205 call spreads for .15. Sold for 1.30 on Nov 18th (part of a roll)
BTC $SPX Dec 24th 2165/2190 call spreads for .20. Sold for 1.30 on Nov 27th
$SPY Iron Condor STO January…
$SPY Iron Condor STO January 22 for 2.02 215/210(calls)/195/190
VIX signal fired
#VIXIndicator We are already under a triple $VIX Warning, but another signal just fired, as 24.18 is 25% above yesterday’s close. The Downside risk is increasing (duh).
KOLD cocked
#Contango ETFs Bought 100 shares of $KOLD for 187.90. Need to cover my short calls for next week, so buying a bit now in case price continues higher next week.
$VIX crossed 23; IV30 of…
$VIX crossed 23; IV30 of VIX (vol of VIX) up to 117.5%
Feeling very panicky. So.. ya know, let’s not.
$SPX low of day
$SPX low of day
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KOLD turkey
#ContangoETFs Added another margin-free put, STO $KOLD Dec 18th 170 put for 2.50
$UVXY Roll rolled $UVXY dec….
$UVXY Roll rolled $UVXY dec. 11 32 covered calls to Dec 18 35 calls for a credit
Eminis
#Eminis – Bought to close DEC 15 (Wk2) 2050 CALL @1.40 (sold for 10.00 yesterday)
and on a little bounce this morning:
SOLD JAN 16 2050 CALL @ 30.75
This would get me short at 2080.75 Still short a couple contracts as a hedge and rolled those from Dec to Mar this morning. Today is the big quarterly roll day for the Eminis…Was short 3 contracts but covered one at 2058 breakeven earlier this week…grrr!
SVXY call scalp
Bought to Close SVXY DEC 11 2015 54.0 Calls @ .05
Sold these for a dollar yesterday with house money after closing short 57’s and 60’s.
$UVXY #ShortCalls #VXXGame #topofthechain Sold…
$UVXY #ShortCalls #VXXGame #topofthechain
Sold 2 UVXY Jan 15 2016 170.0 Calls @ 0.72
Sold 1 UVXY Mar 18 2016 165.0 Call @ 2.57
SPX calls closed
#SPXcampaign BTC $SPX Dec 24th 2170/2195 call spreads for .15. Sold for 1.30 on Nov 24th. Want to clear the call side so I can sell more… it is the safer play in this environment.
SPX stop
#SPXcampaign BTC $SPX Dec 24th 1935/1910 put spread for 2.90. Sold of 1.35 for Nov 23rd
UVXY January
I tried to take this trade last week when Iceman posted it but I missed it. Caught it today though, and now the premium is even better than my sale. I may sell more if it continues to rise.
Sold $UVXY Jan 15 2016 170 calls @ .70.
Thanks Iceman.
A squeeze trade gone sour….got…
A squeeze trade gone sour….got stopped out of FB at $3.04; I didn’t pay attention to my indicators, they were pointing bearish, but since it was FB, I went bullish and bought Calls….Ain’t that stupid of my part?
$JBLU
BTC Dec 25 Puts @ 0.95. I decided to not hang around until next week hoping for a bounce with the lowered forward guidance. Originally sold @ 0.60 so a small loss.
#Fibonacciqueen #SPXcampaign Interesting fib graph…
#Fibonacciqueen #SPXcampaign Interesting fib graph on where the SPX has been and where it could go.
http://www.fibonacciqueen.com/public/SPX-updated-8.cfm
RH earnings closed
#Earnings BTC $RH Dec 18th 75 puts for .10, sold for .95 yesterday.
BTC RH Dec 18th 100 call for .10, sold for .66 yesterday.
SPX put spread
I was pretty light on the put side so I decided to put this one on at close to 2 standard deviations away, and below the August low.
Sold $SPX Dec 31 1865/1840 BuPS @ 1.25
SPX Stop
#SPXcampaign BTC $SPX Jan 8th 1910/1885 put spreads for 2.95. Sold for 1.30 on Monday.
@GreenGhost is back again on…
@GreenGhost is back again on SMM/OMM. Jeesh!
RH earnings
#Earnings Looks like the $RH earnings report resulted in some after hours volatility but only a slight move down so far. Will be closing my 75 short puts today, and also will close a 100 short call that filled near the close for .66.
GM
GM
Good morning…
Futures dumped overnight, but a pretty decent retail sales report was just released. Wage growth and consumer spending on the rise. It all may not matter, however, as we have multiple VIX warnings piling up, and everyone is hanging on the Fed decision next week.
I have been studying the VIX indicator, and since 1999 there have never been three Warnings before a full correction occurs. I believe the only reason we are not much lower in the indices is because of the impending Fed decision. I am on the lookout for declines… when they start is harder to call.
$UVXY $SVXY – things may…
$UVXY $SVXY – things may settle down by the open, but I just saw UVXY above 34 (up 11%) and SVXY below 50.
Should be a fun day
stock index futures indicated a…
stock index futures indicated a broadly lower open on Friday as traders looked towards the release of a set of data that will provide one last look at the mood of consumers before Federal Reserve officials meet next week to consider the first rate hike in nine years.
Dow futures briefly fell about 150 points — and held about 130 points lower — ahead of the release of some key data points.
Retail sales and PPI are due at 8:30 a.m. ET, with business inventories and consumer sentiment scheduled for release at 10:00 a.m.
$QQQ Bought a January 15…
$QQQ Bought a January 15 Put Butterfly sold 2 110 puts, bought a 114 put and bought a 106 put for a debit of .61, profitable between 106 and 113, not an original idea of mine.
SPX call spread roll for profit
#SPXcampaign BTC $SPX Dec 17th 2165/2190 call spreads for .10. Sold for 1.25 on Nov 17th.
STO $SPX Dec 17th 2125/2150 call spreads for 1.20.
This is basically taking profit on one spread then selling another spread as a bonus, but it can also be looked at as rolling for profit. I know the FOMC minutes next week could send markets soaring, but I will be okay with having to deal with the call side, since the put side has been the troubled side lately.
BTO FXE Puts Dec 108…
BTO FXE Puts Dec 108 @1.38 when price was 107.19
BIB…again
3rd time this week…mostly out of boredom but starting to add up. Trading the bounce off the 50 and rejection off the 21ema as it consolidates.
Bought double size positions yesterday at 66.60 and 65.60. Sold it all at 67.60 today. Adds up nicely in the #401k.
Main position in regular account is short Dec 75 puts that I’ve been rolling out but not down for a couple months. Doubling down bullish by rolling short Feb 50 puts up to Feb 70 for 6.40 credit. (yesterday). Breakeven on Dec position is 69.15 and 61.50 on the Feb position. Leaving Jan open for probable roll of the 75’s again. Gradually adding nice premium each month while the politicians bad mouth those evil drug companies…LOL
BTO Dec 24 EA 67…
BTO Dec 24 EA 67 Put at $2.30 Another Squeeze play.
Scott Redler @RedDogT3 Art Cashin…
Scott Redler @RedDogT3
Art Cashin says this is the toughest market he’s seen in 50 years. And he’s one of the best in the business
$WYNN $NFLX #ShortPuts #ScalpTrade -…
$WYNN $NFLX #ShortPuts #ScalpTrade – sold a couple of options that expire tomorrow
WYNN Dec 11 2015 61.5 Puts @ 0.11
NFLX Dec 11 2015 115.0 Puts @ 0.15
KOLD sore
#ContangoETFs Adding more puts to offset the pain-in-my-side short calls:
STO $KOLD Dec 18th 149 puts for 1.90
STO $KOLD Feb 19th 110 puts for 3.15
$YUM yesterday sold a January…
$YUM yesterday sold a January 15 iron condor Tasty Trade 70/65(puts) 85/80 for 2.04
BTO Jan 8/16 EXPE 128…
BTO Jan 8/16 EXPE 128 Call at $2.80
BTO Jan 10/16 HON 105 Put at $4.25
Both on a daily squeeze and also on a monthly squeeze.
RH earnings
#Earnings STO $RH Dec 18th 75 puts for .95. Biggest UP move: 16.1% , Biggest DOWN move: -11.9% , Average move: 8.7% . This trade is 13.8% OTM. Keeping position small as I don’t trust the market. May add 105 calls on some strength.
SPX same week call spread
#SPXcampaign STO $SPX Dec 11th 2085/2110 call spreads for .75. After missing the chance yesterday, I still wanted to get some credit on the non-threatened side of this week’s condor. Still perilously holding the 2025/2000 puts.
STO TLT Dia Feb19 124…
STO TLT Dia Feb19 124 BTO Jan15 119 Puts for 3.75 Crd. Max risk is $125 Max profit is $375
I placed this position this morning and Jeff asked me if I could explain what I did for the benefit of everyone.
Here it goes:
This is a reverse Diagonal….
Selling the longer expiration Feb 19 2016 TLT 124 Put and Buying the shorter expiration Jan 15 2016 TLT 119 Put. The total position results in a credit of $3.75 pp. Since this is a $5.00 Horizontal Spread the max cost is 5.00 – 3.75 or $1.25 pp plus commissions.
This is what the MM does when we buy a Diagonal…he/she takes the other side of the trade. The trick is to close it in one trade, and don’t let the short expiration option expire, otherwise you’ll end up with a naked short put.
$UVXY #ShortCalls #VXXGame – sold…
$UVXY #ShortCalls #VXXGame – sold all these for next week. Partially covered with short Puts and long stock.
Sold UVXY Dec 18 2015 75.0 Calls @ 0.25
Sold UVXY Dec 18 2015 80.0 Calls @ 0.21
Sold UVXY Dec 18 2015 85.0 Calls @ 0.18
Sold UVXY Dec 18 2015 90.0 Calls @ 0.15
Sold UVXY Dec 18 2015 95.0 Calls @ 0.15
