Rolled my ITM Dec positions out to January for credits and in the process made some tax moves, keeping the losses in 2015. Utilizing the TastyTrade strategy and rolling to the same strike, pulling in more credit than rolling up.
Rolled $KOLD Dec 18 115 call out to Jan 115 call for 2.08 credit
Rolled $KOLD Dec 18 118 call out to Jan 118 call for 2.41 credit
Rolled $KOLD Dec 18 136 call out to Jan 136 call for 5.12 credit
#Earnings STO $AZO Dec 18th 700 puts for 2.95 and 800 calls for 2.30. Over last 12 earnings, (one day moves) Biggest UP move: 4.6% , Biggest DOWN move: -4.0% , Average move: 2.3% . 13-day moves: Biggest UP move: 6.5% , Biggest DOWN move: -5.4% . These strikes are 6.9% and 6.5% OTM respectively.
STO $VLO Dec 31st 66 put for .85, against short stock.
Missed the last 2 dips…Looking to cover a couple shorts once it regains the 20MA on 2 min chart. Trying to bounce a little here.
Doing the same thing as last Thurs/Fri. Laddering in as it sells off…buying a few shares in #401k every 50 cent drop. Sold them on Friday so starting over here…
#SPXcampaign STO $SPX Jan 8th 1910/1885 put spreads for 1.30, with SPX at 2077. This is the first of two put spreads and two call spreads I plan to sell this week for the Jan 8th expiry.
$SVXY BTC Dec 18th 67 Calls @ 0.20 this morning. Will reload after the FOMC meeting. Still waiting on stink fills for 65 and 66 calls.
$DUST #CoveredCalls – Sold DUST(Weekly) Dec 11 2015 19.0 Calls @ 0.15. These expire Friday.
Followed Robert SPX 2065/2055 2.65 for this Fri Debit spread
STO SPX this week 2030/2015 1.00 added back calls closed Friday back to IC
#SPXcampaign STO $SPX Dec 11th 2035/2015 put spreads for 1.25. Will add the call side with any move higher. Idea is to get 2.25 premium or better for the condor, with a 3.00 stop on each side, meaning max loss for the week is .75.
Possibly a volatile week ahead of FOMC next week. Last Thursday’s sharp, high volume decline followed by stunning reversal Friday demonstrate these are volatile markets, testing the nerves of index traders. Is this the new version of consolidation, with very wide swings? Don’t get whipsawed. Pick your entires carefully or find stocks and ETF’s that are immune to major market swings.
Today is Pearl Harbor Remembrance; a salute to our Veterans and to the Americans who fought or died, 74 years ago today.
Keurig Green Mountain (NASDAQ:GMCR) announces it will be acquired by privately-owned JAB Holding Company for $92 per share in a deal valued at $13.9B. JAB Holding is an experienced collector of large consumer product brands.
GMCR stakeholder Coca-Cola (NYSE:KO) says it backs the buyout and indicates it will work with JAB to stay on as a major Keurig single-serve partner.
The deal is expected to close in the first quarter of 2016.
GMCR closed at $51.70 on Friday. Shares are currently on a trading halt, but will soon skyrocket.
Damn!!!
Hope everyone is long and no one is short! I am neither.
VIX, VXX – http://vixandmore.blogspot.com/2015/12/the-current-vix-etp-landscape.html
GM all
$SVXY 55 Put
$SVXY 45 Put
$NFLX 122 Put
$UVXY 23 Put
$SVXY 24 Put
$UVXY 55 Call
$UVXY 65 Call
Spreads Expiring Full Profit
$SPXW 2030/2035 BUPS
$AMBA 48/52 BUPS
Covered Calls
$AAPL 118 call Stock called away Still have a position in AAPL
$WMT 60.5 call expired. Will sell premium Monday
$FIT 29.5 call. Stock called away. $2 share loss
Straight Calls
$XOM 1/15/2016
80 call. Stopped out 41% loss
Thank you to everyone here
$SVXY #OptionsExpiration
Only one expiry for me
$SVXY 45 Put.
Have a great weekend all.
For 12/4
Expiring:
$SVXY 12/04/2015 50.00 puts
$UVXY 12/04/2015 50.00 calls
$UVXY 12/04/2015 22.50 puts
No assignments. Have a great weekend everyone.
$NXPI 75 puts
$SPX 2125/2145 call spreads
$SPX 2130/2155 call spreads
$UVXY 23 puts
$VLO 65 & 68.5 puts
$VLO 73 calls
Assignment:
$NXPI 85 calls, stock called away, leaving me flat in the name
Have a great weekend everyone! Thanks for everything.
#OptionsExpiration #Weeklys #Dec04 – Pretty good week for selling premium. The pain in DUST is more than offset by my gain in NUGT. I don’t expect DUST will stay down too long.
I have a full plate of positions for next Friday already, thanks to the volatility yesterday.
— Expirations —
GMCR (Weekly) Dec 4 2015 58 Calls
NUGT (Weekly) Dec 4 2015 35 Calls (Covered)
SVXY (Weekly) Dec 4 2015 55 Puts
SVXY (Weekly) Dec 4 2015 65 Calls (Covered)
SVXY (Weekly) Dec 4 2015 70 Calls (Covered)
UVXY (Weekly) Dec 4 2015 22.5 Puts
UVXY (Weekly) Dec 4 2015 23 Puts
UVXY (Weekly) Dec 4 2015 38 Calls (Covered)
UVXY (Weekly) Dec 4 2015 41 Calls (Covered)
UVXY (Weekly) Dec 4 2015 60 Calls
WYNN (Weekly) Dec 4 2015 55 Puts (Covered)
— Assignments —
DUST (Weekly) Dec 4 2015 15.5 Puts
DUST (Weekly) Dec 4 2015 16 Puts
#contangoetfs
STO $NUGT June 72 call for 4.10 (adding to my position, thanks @Ramie)
STO $ZSL May 40 puts for 1.30.
STO $ZSL Feb 45.5 puts for .90
Silver spiking today as well as gold, dropping ZSL to its lowest level since early November. These are now my only puts against a sizable short call position.
SPX Expire today 2140/2155 2005/1990 total credit 220.00 net
$UVXY #ShortPuts – I sold so many calls for next week yesterday that I’m putting some puts in place as a balance.
Sold UVXY Dec 11 2015 21.5 Puts @ 0.22
Sold UVXY Dec 11 2015 21.0 Puts @ 0.15
Adding at the highest strike in June. Premium 1.00 higher than on Tuesday.
Sold $NUGT Jun 17 2016 72 call at 4.00.
BTC SPX Dec2 2005/1990 .35 sold 12/2 1.15 will add it back early next week
Today’s strength seems to indicate that the immediate downside danger is over. However, since these $VIX warnings fired twice within a month, it is likely there is some pain coming. These signals often can come weeks or months before a correction. With December often being a lighter, bullish month, be careful with your January positions as I would imagine more volatility is waiting until then.
STO SPX Dec2 2125/2135 .85 part of roll from this week
#SPXcampaign STO $SPX Dec 24th 2155/2180 call spreads for 1.35. This is partial roll out of Dec 24th put spread stopped yesterday. Will add more next week.
Same strateegery as XIV. Bought it all the way down yesterday to the 50MA. Sold it today at breakeven price of my first purchase. Another overnight scalp for the #401k. Gotta love the volatility!
#SPXcampaign STO $SPX Dec 31st 2165/2190 call spreads for 1.25. Second call spread for this expiry; first one was sold at Monday’s open (2175/2200).
STO SPX Dec2 2120/2135 1.10 to make IC have 2005/1990 total Credit 2.20 net
Closing a sizable position in my #IRA just in case a better opportunity comes along in next couple weeks. I held this thing all through the August turmoil even when it went completely ITM. After watching this and seeing how stress free it was I think all my UVXY call trades from now on will be spreads. I think I can put them on a little less often for shorter duration and get out of them quicker and with less risk than being exposed to naked positions for months at a time. I’ll still go naked once in awhile but pick my positions carefully (like a 200 strike a year out for 50 bucks…LOL)
This has been a great strategy in my IRA with no losers and no stress. I think I’ll carry this over to my regular account also…
Bought to Close UVXY DEC 18 2015 70/90 Bear call spreads @ .06 (sold for 1.10)
$AMBA STO Dec 18 68 calls @.45. I have some common from some BuPS that went bad fast back in June. My cost basis is 70.
#ShortCalls – Added one today so far…
Sold NUGT MAR 18 2016 65.0 Call @ 2.10
Bought it all the way down yesterday as low as 27.10 and sold it all today at the breakeven point of my first purchase yesterday (29.50). Nice little quick overnight scalp for the #401k. Still holding a core position to hopefully sell up around 32.
With this jump today in SPX we are still in a down trend
so far just an inside day
$NUGT #ShortCalls – Sold NUGT Dec 11 2015 36.5 Calls @ 0.50. Just one of many new position I took in NUGT today.
These expire next Friday
$UVXY #ShortStrangle – didn’t notice this fill from yesterday
Sold 2 UVXY Dec 18 2015 20.0 Put @ 0.27 \Sold 2 UVXY Dec 18 2015 60.0 Call @ 0.83
Total Credit = 1.10
BTC Dec 11 $65 calls @ $0.05
#Earnings BTC $AMBA Dec 4th 54 puts for .15. Sold as part of iron condor yesterday for .85. Took this off near the open; now can be left to expire or taken off more cheaply.
#SPXcampaign STO $SPX Jan 8th 2175/2200 call spreads for 1.00. 1.5x position size, paired with 1890/1865 put spread below. Completes rollout of stopped Dec 31st spread.
Interesting that the dollar is rebounding some, Euro is pulling back a bit but Gold is making a much bigger move today than it did yesterday. Has $NUGT making a move.
#SPXcampaign STO $SPX Jan 8th 1890/1865 put spreads for 1.40. This is part of an iron condor roll from the stopped 12/31 put spread from yesterday. I will look to sell a call spread as well on further strength. This is 1.5x position size, seeking at least 2.15 in premium to make up for 3.30 cost of the the stop.
GM all
Crude oil…no cut in production…oil pricing under $40 could be downer for market
211,000 added in November, unemployment 5.0%. Probably gives Fed go-ahead to raise in December.
#VIXIndicator Yesterday The $VIX indicator developed for the #SPXcampaign fired a Downside Warning. This was due to a 25% rise over Tuesday’s close, and also a 50% rise from the latest VIX low on 10/28. This happened on Nov 13th as well, but then retraced back down as $SPX rallied. These are the first times since the indicator was developed that we have traded through it in real time. In backtesting, the Warning usually was followed by a correction, but sometimes it would be several weeks later. Today, we have the jobs report which could rally the market and nullify the signal, or it could lead to further downside. Watch your stops, protect your capital, take opportunities when they appear.
Sold SPX put spread for tomorrow. 2000/2010 for .40 cent credit. It may be there tomorrow and it could be risky. If I see something for next week that is too good to pass up I will try to post it.
Also did a 1 x 2 in gpro that worked well which I may do again but move down a little bit. I bought 1 19 put and sold 2 18.50 for a .40 credit. Currently slight ITM (which is fine). We will see what tomorrow brings. But if you look about 2 weeks out you can probably get the same kind of credit and I might consider starting a bit lower depending on what the chain looks like. If I put the trade on I will post it.
#VXXGame BTC $UVXY Dec 18th 20 puts for .15. Sold for .65 avg price. If this is the extent of the correction I want to be able to sell these again.
#IRA – Sold UVXY DEC 18 2015 45/60 Bear call spreads @ .84
$UVXY #ShortCalls – Sold 1 UVXY Jan 20 2017 170.0 Call @ 9.10
Sold the Jan. 2017, 170 calls for 9.00
$UVXY #ShortCalls – Sold UVXY JAN 15 2016 170.0 Calls @ 0.70. A ridiculous strike price.
#SPXcampaign BTC $SPX Dec 24th 1950/1925 put spreads for 2.90.
$UVXY #ShortCalls – just couldn’t resist selling these for next week
Sold UVXY Dec 11 2015 70.0 Calls @ 0.30
Sold UVXY Dec 11 2015 60.0 Calls @ 0.47
Sold UVXY Dec 11 2015 55.0 Calls @ 0.60
Be careful with holding spreads overnight and over weekend that are close to stops.
The non-farm payrolls in the morning could add to further volatility, or also cause a large bounce.
#VXXGame STO $UVXY March 80 call for 4.40
STO UVXY Jan 2017 170 call for 8.75
These more than replace the ones I just closed and puts the danger comfortably farther in time and strike.
#VXXGame BTC $UVXY Dec 11th 32 calls for 3.00. Sold for .75, .85, 1.00 yesterday. Will sell longer dated much higher calls to replace these.
The $VIX surpassed 18.34, which is 25% above Tuesday’s close. This is one of two signals we need to fire a Downside Warning on the #SPXcampaign. Next signal would be 19.20.
Additionally, this is the second time we’ve had signals fire since the VIX low on 10/28. A Warning did go into effect on 11/6, but since VIX retraced significantly that warning was nullified. However, because VIX has not reached a new low, we can consider any signals now slightly more urgent.
#SPXcampaign BTC $SPX Dec 31st 1960/1935 put spreads for 3.30. Tried to get out at a lower price on the last bounce, but it was too minor. Will look to roll if we go lower today.
$NUGT #ShortCalls – Sold NUGT Jun 17 2016 72.0 Calls @ 3.30. Top of the chain
SPX This Friday 2020/2030 2120/2130
closed 2040/2030 IC lost 30.00
$VIX just peaked 2 cents shy of a downside signal, 18.34 is 25% above Tuesday’s close. $SPX hitting support level at 2050. May get a bounce here but no telling whether we go lower today or tomorrow.
$KOLD #ShortCalls – Sold 1 KOLD May 20 2016 215.0 Call @ 20.40 on the opening this morning
$UVXY #ShortCalls #VXXGame – sold both these with slightly different risk profiles.
Sold UVXY Dec 11 2015 70.0 Calls @ 0.15 – ultra short-term play where the stock would have to almost triple in a week
Sold 1 UVXY Jan 08 2016 50.0 Call @ 2.24 – top of the chain, about a month out and a fat premium.
edit: Added
Sold UVXY Dec 11 2015 70.0 Calls @ 0.19
Sold 1 UVXY Jan 08 2016 50.0 Call @ 2.43
#SPXCampaign Yesterday opened STO Dec 4 $SPX 2030/2025 bull put spread @ .35. Earlier today STO 2105/2110 bear call spread @ .30 to complete IC.
IRA SPX STO Dec 4 2020/2015 bull put spread @ .30
PCLN 11 Hour trade STO Dec 4 1305/1310 bear call spread @ .50
KOLD reloaded STO Jan 15 114 put @ 3.40. thanks vxxkelly for the wake up.
$SVXY #ShortPuts – these are the first Puts I’ve sold in a while in this name because being long the stock is challenge enough. But these look tempting for the next two weeks.
Sold SVXY Dec 11 2015 48.0 Puts @ 0.55
Sold SVXY Dec 18 2015 42.0 Puts @ 0.55
edit: also added
Sold SVXY Dec 11 2015 47.0 Puts @ 0.55
Sold SVXY Dec 18 2015 41.0 Puts @ 0.55
#ShortCalls – Bought to Close DEC 4 2015 59.0 Calls @ .30 (sold for 1.70)
#Eminis – Nice day to have a couple of these short to stabilize the account. I keep ’em double covered with short puts for cost basis improvement. Currently covered puts at 2050, 2000, and 1975 with double coverage at the 1750-1850 area further out. I’d probably go long there anyway…
#Earnings #CoveredPuts STO $VLO Dec 24th 67 covered put for .85. I am short the stock, cost basis around 67.
NUGT: Short calls in March
#Earnings This one has had a big move down, so I’m playing it safe with a condor rather than naked. Short strikes are within its historical moves, but it has only has 11 quarters since IPO and the recent move down could mean a record move.
STO $AMBA Dec 4th 52/54/66/68 iron condors for .85. Biggest UP move: 8.6% , Biggest DOWN move: -8.5% , Average move: 4.4% . Short strikes are 10% OTM.
