#SPXcampaign STO $SPX JAN4 16 (1/22/2016) 1875/1850 BuPS @1.45
Recent Updates Page 545
$SVXY #CoveredCalls
STO Dec 24 $64 calls @ $1.40
These are technically now double covered. These will replace this weeks expiring $64 calls since I don’t believe there is much chance of $SVXY getting above $64 this week.
Covered calls in SVXY
Sold $SVXY Dec 24 (weekly) 65 calls @ 1.25
SPX call spread
#SPXcampaign STO $SPX Dec 31st 2175/2200 call spreads for 1.50.
Good morning…
Heavy week of data and reports, including nonfarm payroll on Friday. For #SPXcampaign this week I will be selling spreads in the Dec 31st expiration.
Expirations
$FIT 11/27/2015 38 Calls (covered)
$GPRO 11/27/2015 38 Calls (covered)
$SVXY 11/27/2015 52 Puts
$AMZN 11/27/2015
110 Puts
STC $PCLN 11/27 Calls @ 4.4 (Sold @ 9.3)
#OptionsExpiration #Weeklys #Nov27 – A…
#OptionsExpiration #Weeklys #Nov27 – A short but profitable week. No assignments.
— Expirations-
$CMG (Weekly) Nov 27 2015 500 Puts
$DUST (Weekly) Nov 27 2015 12 Puts
$MU (Weekly) Nov 27 2015 20 Calls (Covered)
$NUGT (Weekly) Nov 27 2015 60 Calls (Covered)
$SVXY (Weekly) Nov 27 2015 65 Calls (Covered)
$SVXY (Weekly) Nov 27 2015 66 Calls (Covered)
$SVXY (Weekly) Nov 27 2015 70 Calls (Covered)
$UVXY (Weekly) Nov 27 2015 23.5 Puts
$UVXY (Weekly) Nov 27 2015 24 Puts
$UVXY (Weekly) Nov 27 2015 38 Calls (Covered)
$UVXY (Weekly) Nov 27 2015 40 Calls (Covered)
$UVXY (Weekly) Nov 27 2015 53 Calls
$UVXY (Weekly) Nov 27 2015 55 Calls
$UVXY (Weekly) Nov 27 2015 60 Calls
$UVXY (Weekly) Nov 27 2015 65 Calls
$UVXY (Weekly) Nov 27 2015 70 Calls
$UVXY (Weekly) Nov 27 2015 80 Calls
$VRX (Weekly) Nov 27 2015 116 Calls
$VRX (Weekly) Nov 27 2015 117 Calls
$WYNN (Weekly) Nov 27 2015 57 Puts (Covered)
Expirations…
#OptionsExpiration
Expiring with max profit:
$SPX 1920/1895 put spreads
$SPX 1965/1940 put spreads
$VLO 65 & 66 puts
Assignment:
$NXPI 83 & 84 covered calls, stock called away
Have a great weekend everyone!
VLO roll-o
#Rolling Still holding this short stock position, but sale of calls and puts is bringing cost basis up.
BTC $VLO Nov 27th 71 call for 1.95, rolled to Dec 4th 71.5 call for 2.06
BTC $VLO Nov 27th 72 call for .96, rolled to Dec 4th 73 call for 1.13
#SPXcampaign SPX NOV4 15 (Today)…
#SPXcampaign SPX NOV4 15 (Today) 2110/2130 BeCS expired worthless
#SPXcampaign SPX NOV4 15 (Today)…
#SPXcampaign SPX NOV4 15 (Today) 2020/2045 BuPS expired worthless
NUGT :)
If I ever have another dog I will name it Nugget! LOL…
Oops…one more (AGQ short calls)
Still hedging my short ZSL with short AGQ…rolled Dec 33 calls down to 30 and added more. Daring silver to rally here.
$SVXY…boring but a moneymaker
Still continuing aggressive shorting of puts and calls near the money on a weekly basis. Rolled 60 puts to next week’s 58 for .10 credit. 59 calls expiring today so sold next week 59’s for 1.70. As long as it grinds sideways these weeklies are pretty rich. Still overall net long SVXY so would love to see calls get in trouble. In the IRA I think I’ll let stock get called today at 57 with a 53 basis.
Great weekend everyone!
BOIL Bear call spreads (KOLD)
Closed Dec 30/40 for a dime. Eases the KOLD pain a little.
On the KOLD subject I also rolled my short puts from 140 to 155 against 105 calls. Strangle is now inverted 50 points while bringing in 48.58 so right now if KOLD closes Dec between 105 and 155 I’ll be at a 1.42 loss (if I let it expire). On the bright side with the huge amount of premium brought in I’ll have plenty of firepower to adjust on the next roll. Right now goal is to get out anywhere near even since it’s such a margin hog at TDA. Staying small is the key to being able to stay in these types of (experimental) trades.
#OptionsExpiration
Hope everyone had a great holiday and today was nice and boring in the market (other than Nat Gas).
A bit of an early ball spike but don’t expect to be around this afternoon.
Expirations:
$SVXY $48 Puts
$UVXY $25 Puts
$UVXY $53 Calls
Have a great weekend everyone.
TZA Bear call spreads
Closed a few of these for pennies. Still short Dec 11 weeklies and Jan monthlies.
NFLX puts
Been out working last few days but did mange a few odds and ends…
NFLX 120 puts expired last week so replaced them with 117 puts earlier this week. Now rolled those up to 123 puts for an additional 1.45 credit. Total credit now up to 2.75 expiring next week. Still aggressively selling the puts against ITM calls I’m short. Also short Jan 2017 put Leaps.
SPX will expire today IC…
SPX will expire today IC 2025/2015 2115/2125
SPX Weekly spread closed
BTC $SPX Nov27 2100/2105 at 0.05. Probably go worthless, ha, but I’m going to enjoy the rest of the holiday by not sitting in front of the computer. Happy trading all. Jeff thanks for another successful blog week! PS…was the pie great?
SPX spreads closing
#SPXcampaign – Not much movement in the index, but theta decay is moving nicely…
BTC $SPX Dec 11th 2165/2190 call spreads for .20. Sold for 1.25 on Nov 10th.
BTC $SPX Dec 4th 1950/1925 put spreads for .20. Sold for 1.25 on Nov 3rd.
SPX spread close
#SPXCampaign BTC $SPX Nov 30th 2145/2170 call spreads for .05. Closed for margin. Sold as part of an iron condor for 2.00 on Nov 9th.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Dec 31 2015 70.0 Calls @ 0.70. Only a partial fill on my order
KOLD strikes added
Strikes up to 215 added to January and later. Not selling anymore today, but I will if we continue higher. Looking to load up some puts on every pullback.
BTO IWM 119 Calls Dec…
BTO IWM 119 Calls Dec 1.84
SPX iron condor
#SPXcampaign Today I am looking to complete my full position for the Dec 24th expiry, which means I need a spread on each side. Starting with: STO $SPX Dec 24th 2165/2190 call spreads for 1.30.
Then, a few seconds later on a spike down: STO $SPX Dec 24th 1950/1925 put spreads for 1.40.
Done!
Happy Thanksgiving!
Have a great holiday, and thanks to everyone who has made OptionsBistro a success in its first month!
Have a good holiday to…
Have a good holiday to all
$UVXY Buy/Write Nov 27 26.5…
$UVXY Buy/Write Nov 27 26.5 covered call at 25.92. I’m OK owning down here, OK making an easy $50. I have a Nov. 27 32.50 covered call as well.
$SVXY #CoveredCalls – Sold SVXY…
$SVXY #CoveredCalls – Sold SVXY Dec 31 2015 70.0 Calls @ 0.65. Trying to build up my covered call position before yearend, but very few contracts are trading.
This is today’s chart showing…
This is today’s chart showing the Active Fib-Nodes and LOPs for this week. According to what the chart is showing the SPX should at least reach the XOP next week
Baking vs. Trading
Slow day in the markets, so this is what I’m up to… making pumpkin pie from scratch! 
$BOIL
Couldn’t get a fill on the Jan $30’s that Jeff got.
STO BOIL March $31 Calls @ $1.10
STO BOIL June $30 Calls @ $2.25
UVXY added puts
#VXXGame STO $UVXY Dec 4th 23 puts for .40, adding to the position I started yesterday.
BOIL up
#ContangoETFs STO $BOIL Jan 25 calls for 1.10.
STO $BOIL Jan 30 calls for .50
Any rally in Nat Gas is worth selling
Quite Day
Quiet Day
Couple Trades
$NFLX STO 11/27 127 calls (covered) .55
$TSO STO 12/18 105/110 BUPS .75
$UVXY STO 12/4 23P @…
$UVXY STO 12/4 23P @ .38
$PCLN BTO Nov 27 1245…
$PCLN BTO Nov 27 1245 calls. Real turkey in refrigerator. Hope this one flies.
Happy Healthy Thanksgiving to a bunch of people who share.
TZA close
#ContangoETFs BTC $TZA Dec 18th 50 calls for .30. Sold for 1.55 on Nov 12th
First post-yesterday bought a Jan…
First post-yesterday bought a Jan 20 #VIX 18/21 BuCS for .71, looking for volatility to increase, market is high.
#FOMC
Reminder that the next fed decision I believe is scheduled for Dec 16, 2 days before Dec monthly expiration. I currently have not opened any #VXX related positions for Dec 24 or Dec 31 expirations. I plan to hold off until we get close to the Fed meeting.
I expect that volatility could get elevated prior to the meeting, then just about a coin toss as to what the market will do in response.
$KOLD
Nat Gas inventories are scheduled to be released on Wed @ 12pm eastern. Last week, even though the build was less than expected, nat gas still sold off hard. This week, expecting a build of 5 Billion Cubic Ft.
KBIO…crazy
New CEO seems pretty shady. Wonder how much he made on this deal. Incredible…
UVXY puts
#VXXGame Followed Iceman and Kelly, STO $UVXY Dec 4th 23 puts for .40
/ES Emini adjustment
#eminis Sold the call side of my Jan strangle a little too soon. Currently holding Jan monthly 1900/2100 strangle for a total premium of 33.25. Rolled the 1900 put up to 2000 for an additional 12.50 credit.
Position is now Jan monthly 2000/2100 strangle @ 45.75 so breakeven of 2145.75 and 1954.25. Also holding a couple short eminis as overall portfolio protection so if we implode the put will be covered for additional profit. Also short a strangle in Dec and short puts further out and well below the August lows Waiting a little to add calls to those. I’d be happy to go long down in the 1650-1800 range if we get there.
$UVXY #ShortPuts – Sold UVXY…
$UVXY #ShortPuts – Sold UVXY Dec 04 2015 22.5 Puts @ 0.29
$UVXY #ShortPuts – Sold UVXY…
$UVXY #ShortPuts – Sold UVXY DEC 4 2015 23.0 Puts at prices from 0.39 up to 0.42
GMEarnings done
#Earnings BTC $GME Nov 27th 34 puts for .05. Sold for .40 on Friday. Closed the calls for .01 yesterday so this completes the trade.
SPX call spread
#SPXcampaign STO $SPX Dec 24th 2170/2195 call spreads for 1.25, with SPX at 2089. I now have sold one spread in puts and one in calls for the week… need one more of each.
$SVXY
Earlier this morning STO Dec 11th 50 Put @ 1.35. I will add lower and or further out strikes as appropriate. Otherwise I’m spending time out in the barn working on a small table. If I don’t pop back in between now and next week Have a Wonderful Safe and Thankful Holiday. Jon
$KOLD
STO Dec $100 puts @ $1.00
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Thanks! Jeff
NUGT calls
Adding a few at the higher levels…will add more on any strength. Also short at much higher strikes and better premium.
Sold NUGT JAN 15 2016 35.0 Call @ 2.50
Sold NUGT MAR 18 2016 50.0 Call @ 2.80
Sold NUGT MAR 18 2016 55.0 Call @ 2.40
Sold NUGT JUN 17 2016 70.0 Call @ 3.30
$UVXY
STO Dec 11 $22 puts @ $0.50
So much for the SPX…
So much for the SPX Confluence at 2077; I just got stopped out at 2072.30; so it didn’t work; maybe I placed the stop too close. Learning experience.
$DUST down 6.68% closed Dec…
$DUST down 6.68% closed Dec 11 30 covered call early, 17DTE, at 0.34 at 65% profit will reload as appropriate
$SPX
X
Turkey trade…STO $SPX Nov 27 2100/2105 bear call spread @ .55
$UVXY
STO Dec 4 $24 puts @ $0.52
Well, I was not going…
Well, I was not going to trade until after the Thanksgiving weekend, but I couldn’t resist the opportunity today. So,
STO Dec 24th SPX 2000/1985 BuPS at $2.20
KOLD again
It’s 39 degrees in Portland, but KOLD calls heating up again. The new higher strikes give us (hopefully) safe opportunities.
STO $KOLD Dec 200 calls for 3.10
BOIL oh BOIL
#ContangoETFs STO $BOIL Dec 18th 25 calls for .70. Flip side of $KOLD, so margin free.
SPX Dec 17th put spread
#SPXcampaign I only sold one put spread last week so this is the second half of my position for the Dec 17th expiry: STO $SPX Dec 17th 1945/1920 put spreads for 1.35. I got lucky on this one and was filled at the bottom of the day.
SPX
STO SPX Nov4 (this Fri) 2115/2125 .75 to make IC. sold early
KOLD puts
#ContangoETFs Sold these as part of a #ReverseRoll from Friday’s calls, with intent to add more on any down days in the name. These reduce my margin to sell these, since I am heavier in calls than puts.
STO $KOLD Dec 110 puts for 2.40
STO $KOLD Dec 115 put for 3.70
$SVXY
Finally broke back above $57. Really want to see this thing get back above $65.
$SPX Campaign
BTC Nov 30th 1930/1940 BuPS @ 0.05 on GTC order. Out a bit early and takes the risk off for the remaining nickel.
$VRX #ShortCalls #Scalp – Sold…
$VRX #ShortCalls #Scalp – Sold VRX Nov 27 2015 116.0 Calls @ 0.34. Paired with longer term short puts I already have.
I might consider going short the stock at the strike price.
Edit: Added VRX Nov 27 2015 117.0 Calls @ 0.35
SPX campaign spread
#SPXcampaign Sold $SPX Dec 24th 1935/1910 put spreads for 1.35. First spreads for this expiry… I am not waiting for a strong down move due to the short week that is likely to a quiet trickle up or sideways. Will look to sell call spread as well.
GM
GM
#SPXCampaign
$SPX STO Dec 11th 2150/2160 BeCS @ 0.70. Filled at the open while I was editing to a better value. My thinking is that the market is at short term resistance near the all time high and though there might be some year end performance chasing, there will also be profit taking. Other opinions welcome.
GMEarnings
#Earnings BTC $GME Nov 27th 45 calls for .01. Sold for .40 on Friday. The 34 puts may recover today; order in to close for .05.
$CMG #ShortPuts – Sold 1…
$CMG #ShortPuts – Sold 1 CMG Nov 27 2015 500.0 Put @ 5.00
New strikes for KOLD
Strikes now up to 200. Sold Jan 200 call @ 6.00.
Good morning, 11/23/15
Probably a pretty quiet holiday week, which is great for theta decay and one and a half fewer days before weekly expiration this Friday, when markets close early after a full day off. I will be sell Dec 24th credit spreads in the #SPXcampaign. The $GME #Earnings trade looks to be in $2 worth of trouble to start the week… I’ve actually been here before with GME… it usually is a quick trade but one time I took the stock and waited a few weeks with covered calls before turning a good profit. It may take its time to recover but it always has. Have a great week, everyone!
