Final trade & expirations

#Earnings #Rolling I have not managed $OLED well at all since getting slammed on earnings. I’m actually not too far in the hole so sticking with 1-lots:
BTC $OLED June 15th 115 put for 21.75. Sold for 19.00 last month.
STO July 6th 100 put for 7.60
STO July 20th 110 put for 16.80.

#OptionsExpiration
Only one winning expiration:
$GUSH 45 call, sold for 1.05 in April, #ContangoETFs

These expired as losses:
$SPX long June 15th 2825/2850 call spreads, bought for .75, avg price, #SPXCampaign
$VXX long 30 puts, bought for 1.17, avg price
$VXX long 25 put, bought for .21
$AMBA long 50 call, bought for 3.90, #LongCalls

Also, hedges expiring (partially replaced with #VXXGame trades yesterday):
$UVXY 60 calls, bought for .69, avg price

GUSH blow off top?

#ContangoETFs $GUSH topped out early this week at 47, which triggered my rolling of several ATM positions… then it did what a ContangoETF is supposed to do… dropped dramatically. Bummer that its highs had to be right around my strikes, forcing the rolls. I rolled one into a strangle that may soon have its 31 puts breached. I waited on another, which was a mistake as it is now too low to roll into a higher call. Such is the folly with these ones destined toward zero.

Wango Contango

#ContangoETFs Closed these positions yesterday, leaving me flat in all three tickers.
BTC $KOLD Nov 68 call for .25. Sold for 2.50 on March 23.
BTC $NUGT Jan 2019 50 call for .98. Sold for 5.025 (avg price) in Dec/Jan.
BTC $DUST Jan 2019 45 call for 1.05. Sold for 4.80 on Feb 9.

Gush dump

#ContangoETFs Closed $GUSH Dec 46 call for 9.90. Sold on Apr 4th for 4.00.
Order filled on the way down, and then it dropped a lot more. Using a #StrangleRoll on this… it’s quite doubtful that both of these strikes will expire, but I’ll take the premium now and deal with any breaches later.
Sold GUSH Dec 32/57 strangle for 10.55.

Gush rolls

#ContangoETFs Closed $GUSH June 15th 45 call for 3.50. Sold for 1.05 on April 19th.
#Rolling: Sold July 50 call for 3.90.

Closed GUSH Sept 45 call for 8.20. Sold for 2.75 on May 4th.
#Rolling to the Dec 55 call, not yet filled.

Also stopping the Dec 46 call, not yet filled.

#contangoetfs Some time ago I…

#contangoetfs @hcgdavis
Some time ago I remember a post with a list of #ContangoETFs that work well for selling puts and covered calls.
What do you like to trade?

TQQQ
FAS
UPRO
NUGT
TNA
UDOW
ERX
LABU
DUST
FAZ
GUSH
DRIP
KOLD

Any other?

KOLD closed

#ContangoETFs BTC $KOLD Aug 60 calls for .15. Sold for 1.50 and 1.75 in March.