$KOLD #ShortCalls #TopOfTheChain – so…. the top of the chain turned out not to be high enough. But positions are small and far off.
Sold 1 KOLD Feb 19 2016 140.0 Call @ 25.40
Sold 1 KOLD May 20 2016 140.0 Call @ 34.40
Might even be able to sell some puts while I hold these.
Recent Updates Page 546
Options Expiration
Expiring:
$AAPL 11/20/2015 120 calls (covered)
$AAPL 11/20/2015 105 puts
$AMBA 11/20/2015 45 puts
$AMZN 11/20/2015 635 puts
$AVGO 11/20/2015 95 puts
$BIB 11/20/2015 42.50 puts
$EOG 11/20/2015 75 puts (covered–I’m short the stock)
$FL 11/20/2015 52.50 puts
$JOY 11/20/2015 14 puts
$KOLD 11/20/2015 100 puts
$KORS 11/20/2015 37.50 puts
$LLY 11/20/2015 72.50 puts
$SVXY 11/20/2015 47.50 puts
$SVXY 11/20/2015 52 puts
$SVXY 11/20/2015 67 calls (covered)
$SVXY 11/20/2015 70 calls (covered)
$SWKS 11/20/2015 75 puts
$TDG 11/20/2015 200 puts
$UVXY 11/20/2015 100 calls
$UVXY 11/20/2015 26 puts
$WYNN 11/20/2015 55 puts
$ZSL 11/20/2015 67.60 calls
$ZSL 11/20/2015 85 calls
Asssignments–Going long stock:
$GMCR 11/20/2015 70 puts
$HAIN 11/20/2015 60 puts
Stock being called away:
$KOLD 11/20/2015 140 calls
$UVXY #LongPut – I’m exercising…
$UVXY #LongPut – I’m exercising my long UVXY Nov 75 Put. Delivering 100 shares of long stock to whoever was still short this position.
Originally paid 27.50 for the put, so a really nice gain on the position.
#OptionsExpiration – A Big, big…
#OptionsExpiration – A Big, big expiration – Would have been better if KOLD had stayed under 136. Still made money on the position because I bought the stock to protect the short calls.
AAPL Nov 20 2015 109 Puts
ALXN Nov 20 2015 90 Puts
BBY Nov 20 2015 25 Puts
BIB Nov 20 2015 42.5 Puts
BOIL Nov 20 2015 19 Puts
BOIL Nov 20 2015 33 Calls (Covered)
CC Nov 20 2015 5 Puts
CMG Nov 20 2015 530 Puts
DUST Nov 20 2015 14 Puts
FL Nov 20 2015 52.5 Puts
GMCR Nov 20 2015 60 Calls
KATE Nov 20 2015 23 Calls (Covered)
KOLD Nov 20 2015 97 Puts
KOLD Nov 20 2015 125 Puts
KORS Nov 20 2015 37.5 Puts
MU Nov 20 2015 14 Puts
NBL Nov 20 2015 32.5 Puts
NUGT Nov 20 2015 35 Calls (Covered)
NUGT Nov 20 2015 61 Calls (Covered)
NUGT Nov 20 2015 75 Calls (Covered)
SLG Nov 20 2015 95 Puts
SVXY Nov 20 2015 30 Puts
SVXY Nov 20 2015 65/66/70/71/72/73/74/75/76 Calls (Covered)
UVXY Nov 20 2015 24/25/25.5/26/26.5/27 Puts
UVXY Nov 20 2015 38/40/42 Calls (Covered)
UVXY Nov 20 2015 43/44/45/45/5/46 Calls
UVXY Nov 20 2015 46.5/47/47.5/48/48.5/49 Calls
UVXY Nov 20 2015 50/51/52/53/54/55 Calls
UVXY Nov 20 2015 80/90/91/92/93/95 Calls
UVXY Nov 20 2015 100/108/110/112 Calls
VXX Nov 20 2015 23 Calls
VXX Nov 20 2015 24 Calls
VXX Nov 20 2015 25 Calls
WFM Nov 20 2015 55 Puts
WYNN Nov 20 2015 57 Puts (Covered)
ZOES Nov 20 2015 22.5 Puts
ZSL Nov 20 2015 67.5 Calls
— Assignments —
FB Nov 20 2015 100 Calls – going short the stock
FCX Nov 20 2015 15 Puts
FCX Nov 20 2015 17 Puts
KOLD Nov 20 2015 136 Calls (Covered)
SVXY Nov 20 2015 53 Calls (Covered/IRA)
Expirations!
#OptionsExpiration 11/20/15
These expired with max profit:
$BOIL 40 calls
$FL 55 puts
$KOLD 100, 105, 110 puts
$NXPI 75 put
$NXPI 85 covered calls
$UVXY 25 puts
$VLO 67 covered puts
$WSM 57.5/75 strangles
$ZOES 22.5 and 25 puts
$ZSL 63 call
Assignment:
$KOLD 109, 135, 136 calls, stock called away
And this #Earnings one didn’t work…
Long $WMT 55 puts, expiring worthless. Bought for .34 on Monday.
Have a great weekend, all!
$CMG – 5 minute scalp…
$CMG – 5 minute scalp – Sold CMG Nov 20 2015 530.0 Puts @ 0.35
Cover up it’s KOLD
#ContangoETFs #ShortCalls Bought $KOLD stock at 144.91 to cover my short calls at 109, 135, and 136. Will look to handle the rolls next week… want to keep margin exposure down over weekend. Thanks @optioniceman for the idea!
Also, BTC $ZSL Nov 20th 60 calls for 2.75. These were sold for effective price of 1.22. Also will look to replace with rolls next week.
CMG dump
What happened to $CMG? Dumped 50 points in last couple hours, down 10% on day.
GME earnings strangle
#Earnings STO $GME Nov 27th 34/45 strangles for .80 (sides sold separately for .40 each). Over last twelve earnings reports, Biggest FIVE DAY up move: 12.5% , Biggest DOWN move: -14.7% , Average move: 8.2% . So these are the moves you can expect for the 5 days between Monday morning announcement to Friday’s expiration. The trade’s strikes are 12.8% OTM (puts) and 15.4% OTM (calls).
SPLK trade closed
#Earnings BTC $SPLK iron fly Nov 20th 62.50 puts for 1.25… sorry I couldn’t post earlier, but I closed these as stock started dropping. Too bad to have missed early morning exit, but still escaped with decent profit. If you are still holding, either get out when you can or see if there’s an end of day rally. Breakeven on trade will be a few cents under 60.00.
$NFLX -closed puts
Playing it safe here since I’ll be out. Booking these now…they were a triple roll up from 105 to 115 then 120 chasing the stock up this week. Really nice gain but…still short calls against Leap puts. I’ll take these kind of trades every week until Jan 2017!
Bought to Close NFLX NOV 20 2015 120.0 Puts @ .10 (sold for 5.89 total)
SPLK closed calls
#Earnings #IronButterfly BTC $SPLK 62.5 calls for .30. Now will wait for next bounce to exit short puts cheaply.
$UVXY
Placed a GTC order for $UVXY Dec 4 $22 puts @ $0.50
If volatility drops for another couple of days, might just get a fill
Kelly
AMBA – No position yet…
AMBA – 12 day squeeze firing long today. I guess GPRO isn’t that big of a customer after all! I’ve been watching this one for awhile. Love those little red TOS dots.
SVXY housekeeping
I”m not going to be around for the close so unfortunately have to close some stuff prematurely. Using this little dip to take care of those.
Bought to Close SVXY NOV 20 2015 55.0 Puts @ .15 (sold for 1.85)
Bought to Close SVXY NOV 20 2015 57.0 Calls @ .45 (sold for 1.05)
Still have a few 57 calls that are covered. Probably just let the market gods decide how those will go. Either way works for me…LOL
$SVXY #CoveredCalls #IRA
BTC Nov 20 $59.5o calls @ $0.05, STO Dec 4 $59.50 calls @ $1.78
Since it’s in an IRA couldn’t sell naked and let today’s call expire. Figured I’d spend the nickle so that I could lock in some pretty good premium on a good up day in the market. Who knows what Monday will bring.
Cost basis on these shares will now be a little over $56
SPLK iron fly
#Earnings $SPLK behaving beautifully for the iron fly, heading toward our center strike. Best move would have been to close the short put at the highs, but missed that. Now watching for chance to close both shorts when we can.
$KOLD
Didn’t get a chance to post it yesterday, but I closed my calls when it broke above $132. I made about 40% and just plain stopped myself out. Nat Gas is just cratering.
$SVXY
Morning all. Rolled my Nov 20th 53 Covered Call out and up to Dec 18th 57 Covered call for 0.70 credit. Will most likely allow this to be called away there if it is ITM.
$KOLD – the art of…
$KOLD – the art of exiting an illiquid option position that just went in the money –
So I’m trying to exit my short call position @ 136 on KOLD but the bid / ask is 3 points apart. Rather than let the market maker take his pound of flesh, I’m going to buy the stock, either on a dip, or at the close and let them call it away.
I’ll still make money due to the large initial premium I got when I sold this.
NXPI puts
I’m still long this stock from an #Earnings play but selling #CoveredCalls and #ShortPuts against it, bringing cost basis down.
STO $NXPI Dec 4th 75 puts for .80
SPX spread close
#SPXcampaign BTC $SPX Nov 30th 1940/1915 put spreads for .15. Sold as part of a 2.00 iron condor roll on Nov 9th.
Good morning, Expiration Friday 11/20…
Bulls are in charge… $VIX should drop below 16.05 today, which was the level from which our last signal fired (11/11 close, from which we spiked 25% last Friday). This is an indication that the 11/13 warning is more likely a false alarm. Given this, I think we can lower the threat level. Next levels to watch on $SPX would be the most recent peak around 2015, then all-time highs at 2034. A break through either could mean the bulls drive us into year-end. Meantime, #Earnings plays in $FL, $ZOES, and $WSM look solid, and $SPLK iron fly will probably maintain at least a small profit.
SPLK earnings trade
#Earnings STO $SPLK 57.5/62.5/67.5 iron butterflys for 3.65. Risking 1.35 to make a max of 3.50 or so. See my earlier post for further explanation.
Follow up on GMCR -…
Follow up on GMCR – I was obviously wrong. However, I rolled the short Nov. 30 put to Nov. week 4 42 put for 15 cent credit. Not a super good use of margin but I hate losing money.
$KOLD…second thoughts
Sure looks like nat gas is breaking down again…futures falling below the 20ma today. My KOLD position is extremely high margin so I’m trying a trick that the tastytrade boys use sometimes involving inverted strangles. Hoping to get out of this position sooner but still with a nice profit.
Current position was Dec 105 calls/100 puts strangles worth 26.75 total premium.
I rolled the 100 puts up to 130 for another 10.25 credit. I’ve now got 105 calls/130 puts inverted strangles that have brought in 38 dollars in total premium. The goal is to have the price between the strikes at expiration just like a normal strangle. Both sides will still offset each other but since my total premium brought in is greater than the width of the strangle I’ll still book that 13 dollar difference per strangle. If it continues on up I’ll have plenty of premium to use for further adjustments…
$WSM #EarningsScalp – Sold WSM…
$WSM #EarningsScalp – Sold WSM Nov 20 2015 55.0 Puts @ 0.23
$FL #EarningScalp – Sold FL…
$FL #EarningsScalp – Sold FL NOV 20 2015 52.5 Puts @ 0.25
KOLD roll
#ContangoETFs On Friday I closed some ITM $KOLD calls to reduce margin in case of another manic Monday. I replaced those with these today:
STO KOLD Dec 18th 120 call for 17.00
STO KOLD Dec 18th 125 call for 14.60
STO KOLD Dec 18th 100 puts for 3.00
STO KOLD Feb 135 call for 18.10
STO KOLD Feb 70 puts for 2.10
$UVXY #VXXGame – Sold 1…
$UVXY #VXXGame – Sold 1 UVXY Dec 24 2015 70.0 Call @ 1.23. #TopOfTheChain Adding on.
BTC Dec 4th 70 Calls @ 0.05 this morning. Two weeks early and no commissions.
$KOLD – I’m still wearing shorts in St. Louis!
Will nat gas ever recover? Not sure but I’ll keep selling it and enjoying my heating bills. 100 puts expiring this week so selling again in Dec. These are against 105 calls that have accumulated 21.00 in premium. Would really like these puts to get in trouble…
Sold KOLD DEC 18 2015 100.0 Puts @ 3.52
$DUST roll and re-load
I’ve got decent premium built up in the put side of this so staying a little more aggressive here with 20 and 23 short calls expiring this week.
Rolled Nov 23 strike puts to Dec 22’s @ .50 credit (3.86 total now)
Sold DUST DEC 18 2015 22.0 Calls @ 1.65
Position is now short 22 straddles in Dec worth 5.51. Strange trade but turning out pretty nice after getting caught in that big down move in early October.
There is a green small…
There is a green small window in the lower right side corner saying following with a check mark on it, can you please let me know what it means? is it someone following me from this group? and how do I know who is following me?
$NUGT – Trash yesterday, Treasure today
Closed a bunch yesterday and one more today…and re-loading. It really is the gift that keeps on giving. LOL
Bought to Close NUGT JAN 15 2016 60.0 Calls @ .85 (sold for 7.45)
Sold NUGT JAN 15 2016 45.0 Calls @ 1.85
Sold NUGT JAN 15 2016 50.0 Calls @ 1.35
WSM earnings strangle
#Earnings STO $WSM Nov 20th 57.5/75 strangles for 1.05. Over last 12 earnings, Biggest UP move: 10.3% , Biggest DOWN move: -12.0% , Average move: 6.0% . These strikes are 12.9% and 13.6% OTM respectively.
$NUGT #ShortCalls – Sold NUGT…
$NUGT #ShortCalls – Sold NUGT JAN 15 2016 50.0 Calls @ 1.30
SPLK iron butterfly
#Earnings Looking at $SPLK, I see the moves on earnings have been under 5% for the last four reports. Before that, it is higher, so I don’t want to sell naked on it. Instead, I’ll take a low risk bet that it will make another small move. An ATM iron butterfly, 5 points wide, is risking 1.5 to make 3.5. I will wait until end of day to put on the trade, in case I need to move to a different strike, but for now the plan is : Sell 1-62.5 put, buy 1-57.5 put / Sell 1-62.5 call, buy 1-67.5 call. Here are the last 12 reports, 1-day moves:
Aug. 27, 2015 AC -2.27%
May 28, 2015 AC -4.85%
Feb. 26, 2015 AC -3.33%
Nov. 20, 2014 AC 3.06%
Aug. 28, 2014 AC 19.07%
May 29, 2014 AC -16.34%
Feb. 27, 2014 AC -2.87%
Nov. 21, 2013 AC 22.80%
Aug. 29, 2013 AC 12.85%
May 30, 2013 AC 3.40%
Feb. 28, 2013 AC 7.86%
Nov. 29, 2012 AC 0.73%
SPX
BTC SPX Nov4 2105/2110 2.50 sold for 1.00 still have put side
SQUARE
#LongStock #IPO Bought shares of $SQ for 11.85. Never traded on an IPO day, but just seeing of this will take a bull run. Out by end of day.
FL earnings trade
#Earnings STO $FL Nov 20th 55 puts for .60. Over last 12 earnings, Biggest UP move: 8.8% , Biggest DOWN move: -7.1% , Average move: 4.2% . This trade is 10.0% OTM.
$UVXY #VXXGame – Sold 1…
$UVXY #VXXGame – Sold 1 UVXY Dec 24 2015 70.0 Call @ 1.13. Initial position. #TopOfTheChain
NUGT calls
Sold $NUGT Jan 15 50 calls @ 1.15
BBY earnings trade
#Earnings BTC $BBY Nov 20th 27 puts for .06. Sold yesterday for .32 avg price.
SPX put spread
#SPXcampaign STO $SPX Dec 17th 1925/1900 put spreads for 1.30. Thursday is a bit late to sell the first put spread, but that’s what you get with a rip-roaring bullish week.
Wed’s Chart….sorry I couldn’t post…
Wed’s Chart….sorry I couldn’t post it last night.
Good morning….
Futures were up, but now negative, so perhaps we’ve reached a consolidation area… but be leery of strong moves in either direction as action has been bullish, but a downside warning is still in effect from Friday. (In my backtesting, the correction low of $SPX can be anywhere between 1 day and 1 month after the first warning). I will look to sell Dec 17th put spreads near the open. Meanwhile, we can search for earnings trades in $ADSK, $FL, $GPS, $INTU, $ROST, $SPLK, $WDAY, $WSM. Trade smart!
SPX puts close
#SPXcampaign BTC $SPX Nov 20th 2010/1985 put spreads for .10. This was trading over 7.00 last Friday. Sold for 2.15 on Nov 9th.
Would normally allow these to expire, but with monthly expiration and Friday morning settlement, I won’t leave the risk out there.
$SVXY #CoveredCalls #TopOfTheChain = Sold…
$SVXY #CoveredCalls #TopOfTheChain – Sold SVXY Dec 31 2015 71.0 Calls @ 0.80
LNKD
STO LNKD 247.5/245 BuPS .96 This Friday
$NUGT junk in my trunk…
Closing some scraps hoping this bounce follows through a little to sell ’em again! The gift that keeps on giving…still short a bunch out through Jan 2017…
Bought to Close NUGT DEC 11 2015 40.0 Calls @ .45 (sold for 1.10)
Bought to Close NUGT DEC 18 2015 45.0 Call @ .50 (sold for 3.73)
Bought to Close NUGT DEC 18 2015 50.0 Call @ .30 (sold for 2.60)
Bought to Close NUGT DEC 18 2015 55.0 Call @ .20 (sold for 2.50)
NUGT roll
#ContangoETFs #ReverseRoll Continuing to back out my small but ill-advised put positions.
BTC $NUGT Dec 18th 22 put for 2.50. Sold for 1.00 on Oct 16th
STO $NUGT Jan 15th 34 call for 2.70.
$UVXY #VXXGame #Weeklys – Sold…
SPX call spread
#SPXcampaign Selling another call spread as part of the rolls I need from last week’s stops. This is pretty far above all-time highs.
STO $SPX Dec 24th 2180/2205 call spreads for 1.30.
BTO BCE Dec 45 Calls…
BTO BCE Dec 45 Calls .15, Doji, above all MA’s, H&S on 78. very good r.r. Looking for measured move to around 44.
#SPXcampaign BTC SPX NOV4 15…
#SPXcampaign BTC SPX NOV4 15 1915/1890 PUT @.20
#SPXcampaign BTC $SPX NOV5 15…
#SPXcampaign BTC $SPX NOV5 15 1905/1880 BuPS @.20
#SPXcampaign STO $SPX DEC2 15…
#SPXcampaign STO $SPX DEC2 15 2145/2170 CALL @1.55 CBOE, thank you Mort, Robert and Paul
for letting me know the resistance levels
$UVXY #VXXGame – Sold UVXY…
$UVXY #VXXGame – Sold UVXY Nov 20 2015 25.0 Puts @ 0.15 with UVXY down 10%
SPX closing spread at 80%
#SPXcampaign
BTC $SPX Nov 27th 1915/1890 put spreads for .20. Sold for 1.25 on Oct 26th.
$NFLX rolling
Rolled Nov 107, 110, 112, short calls out to Dec 110, 114.29, 117.14, for even. Also, rolled this week’s 115 puts up to 120 for another 1.47 credit giving these weekly puts a nice total credit of 7.04. Don’t mind dealing with these short term issues since it’s still an overall bullish position. Jan 2017 94.29 short puts are looking great!
$OPHT short puts
Closing Dec and will let Nov expire this week. Completely out of this ticker now…I may regret not being in if this thing is 300 in a couple years (see $REGN !) thanks @scottto
Bought to close OPHT DEC 18 2015 40.0 Puts @ .25 (sold for 1.50)
Nov positions will expire this week for a nice gain of 3.00…I’ll definitely be looking to get back in on any weakness.
$ZOES #EarningsScalp Followed Jeff STO…
$ZOES #EarningsScalp Followed Jeff STO ZOES NOV 20 2015 BuPS @ 0.25
$ZOES #EarningsScalp – I took…
$ZOES #EarningsScalp – I took one of Jeff’s trades – Sold ZOES NOV 20 2015 22.5 Puts @ 0.25. The Bid/Ask is now higher
ContangoETFs
I’m prepping a webinar for #ContangoETFs and just built this chart. Thought I’d share it with you since it’s an example of the kind of predictable behavior you can see in ETFs like $DUST, $NUGT, $UVXY, $ZSL, $TZA, $BOIL, $KOLD. Kind of like finding money on the sidewalk…
$BBY #EarningsScalp – Sold BBY…
$BBY #EarningsScalp – Sold BBY Nov 20 2015 25.0 Puts @ 0.12. Larger trade size but a lower strike. The last time the stock saw this price was May 2014.
ZOES earnings trade
#Earnings This one is a bit riskier since it is fairly new with only 6 previous earnings reports. Still, the options are pretty far OTM and lower than the stock has been since its IPO month; stock is cheap if assigned.
PLUS, earnings are after tomorrow’s close, so only entering partial today. Will update tomorrow.
STO $ZOES Nov 20th 25 puts for .50, and 22.5 puts for .25.
Biggest UP move: 7.5% , Biggest DOWN move: -4.6% , Average move: 4.6% . These strikes are 20.5% and 28.4% OTM respectively.
BBY Earnings trade
#Earnings Sold to Open $BBY Nov 20th 27 puts for .30 and .32. Scaling in to full position as stock drops off its highs. Next order is in for .34. Not enough premium in calls to make a strangle.
Over last 12 earnings reports: Biggest UP move: 13.2% , Biggest DOWN move: -13.0% , Average move: 6.9% . This trade is 13.3% OTM.
NFLX: Closing some short puts
Bought to close $NFLX Nov 20 108 puts for .18. Sold on 11/16 for 1.27
Closing another:
Bought to close $NFLX Dec 4 100 puts for .41. Sold on 11/16 for 1.55
$ZSL #ScalpTrade – Sold ZSL…
$ZSL #ScalpTrade – Sold ZSL Nov 20 2015 67.5 Calls @ 0.23 on a market order. These are extremely illiquid so I’m riding them through expiration
ZSL calls
#ContangoETFs STO $ZSL Nov 20th 63 call for 1.15
STO ZSL Dec 18th 67.5 call for 2.35
Need to keep an eye if its behavior will be any different after the split. If there’s no change, this one will always top out and fail in the 60-65 area.
NXPI covered calls
#Earnings #CoveredCalls STO $NXPI Nov 27th 83 call for .50 and 84 call for .45. (assigned stock at 86.00)
Good morning…
Up and down yesterday, up today? Check out the great chart Robert posted (prvtrader) last night… we are at resistance on a downtrend line from beginning of November… pressed against it yesterday then failed; we will press it again this morning. I’m picking and choosing $SPX spreads wisely, playing the whipsaw action. I remain watchful for more downside since we are under a Warning from Friday.
It looks like the Bulls…
It looks like the Bulls got a little tired after yesterday’s and this mornings rally…If price moves down tomorrow the Stochastic will give a signal to go short the SPX.
KOLD puts
#ContangoETFs Hard to believe I still get someone to buy these, expiring in 3 days…
STO $KOLD Nov 20th 110 puts for 1.25.
