#ContangoETFs – New lifetime low….c’mon Mr. Market give us a 1 for 10 this time!
Tag Archives: ContangoETFs
Options Expiration 7/20/18
#OptionsExpiration #Earnings #ContangoETFs
— Expiring w/max profit —
$COF 93.5 puts, sold yesterday for 1.40
$GUSH 48 call, sold for 1.05 last month
$ISRG 520/525 call spread, sold yesterday for 2.75 (wish I’d waited on both!)
$NFLX 475 call, sold Monday for 1.00
$SNA 145 puts, sold Wednesday
— Assignments —
$MU 54 and 54.5 #CoveredCalls #PieTrades Originally assigned via 55 puts, after a few weeks of call sales, exiting with cost basis around 51.
$SNA 170 calls, going short the stock. No weekly options on this so I think it will be quicker to get out on a dip next week.
#contangoetfs #contangoetfs GUSH SLD GUSH…
GUSH
SLD GUSH Sep21’18 70 CALL $1.05
More GUSH
#ContangoETFs
Sold $GUSH Dec 57 call for 5.20, adding to my position
Sold $GUSH July 20th 48 call for 1.05
GUSH reaching new highs
#ContangoETFs Sold $GUSH Aug 17th 50 call for 2.15.
GUSH higher
#ContangoETFs. $GUSH moving up in pre-market, above 40 again.
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.
GUSHing
#ContangoETFs Following on a couple that @ramie77 sold a few days back…
Sold $GUSH July 45 call for 1.50
Sold $GUSH Sep 45 call for 2.75
GUSHing again
New highest strikes in some of the months.
Sold $GUSH Jun 15 45 calls @ 1.00.
Trades this week
#ContangoETFs #CoveredCalls #CoveredCallCampaign #VXXGame #Earnings
Here are a few trades other than SPX:
Today: BTC $DUST Jun 15th 40 call for .25. Sold for 3.05 on Dec 4th.
Yesterday: BTC $FB Apr 20th 160 put for 3.00. Sold for 1.37 on March 19th. Backed out to early, not anticipating the rally the Zuck’s testimony would create.
Friday: BTC $FDX Apr 20th 235 puts for 6.77. Sold for 6.75 on 3/23 as when #Rolling from an earnings trade. I had margin pressure on Friday. Scaling back in since then:
Sold May 4th 235 put for 6.05;
Sold May 4th 237.5 put for 5.55.
This one seems like a buy… it’s just waiting for market to relax.
Friday: Closed $BABA Apr 27th 200 call for .18. Sold for 1.90 on 3/29.
Today: Sold BABA May 11th 195 call for 1.40
Tuesday: Sold $SQ Apr 27th 50 covered call for 1.01
Friday: Sold $UVXY Jan 2020 59 call for 4.80.
Lunch trades, work is cutting…
Lunch trades, work is cutting into my trading 🙂
FAS sold 4 DTE 65 CC for 1.74 against long stock. CB now 59.37, nice accrued rolls on this one.
NSC 18 DTE rolled out another week 128 put to 127 put for 0.3 credit. CB 126.33
FAS cold 4 DTE 65 CC against long stock for 1.77. CB now 61.88.
I was also looking at the triples and inverse funds. FAS has had several reverse splits, ERX as well. However, TQQQ, UPRO, UDOW, and TNA have only had positive splits. Not saying they cannot go low enough to reverse split but I am trying to refine this ITM debit spread idea #supercharger and I think going with names that are unlikely to reverse split would offer some additional cushion on the way down.
Trying to get the benefits of what we had with SVXY without the pain associated with it going close to zero.
NUGT call closed
#ContangoETFs $NUGT and $DUST have been kind of dull in recent weeks, so I’m just watching theta do its work on short calls in both.
Closed on GTC order: NUGT June 15th 47 call for .20. Sold for 2.46 on Dec 26th.
KOLD call
Adding a position in November at the highest strike (now 68).
Sold $KOLD Nov 16 68 call @ 2.00.
Adding some KOLD
In August
Sold $KOLD Aug 17 60 call @ 1.50. Starting small and will add (there’s also a 70 strike available in Aug) on a move up.
KOLD closed
#ContangoETFs BTC $KOLD April 20th 55 call for .10. Sold for 1.40 on Feb 9th.
Final trades and Options Expiration 3/9/18
#SPXcampaign Closed on GTC orders:
$SPX March 16th 2650/2625 put spreads for .30. Sold for 3.10 on March 7th.
$SPX March 28th 2525/2500 put spreads for .20. Sold as a 1.5x roll for 2.20 on March 1st.
#VXXGame
Sold to close final $VXX long March 9th 40 put for 1.61. Bought for 1.44 on Feb 20th.
BTC $UVXY Apr 20th 26 calls for .44. Sold for 2.00 and 5.30 in early Feb.
BTC UVXY March 16th 16 call for .32. Sold for 1.95 on Feb 27th.
BTC UVXY Jan 2019 70 call for 1.20. Sold in early Feb for 6.50 (avg price) -still holding more.
Bought the following highest strikes, adding to my positions, for protection against future short calls:
April 20th 59 calls for .09
May 18th 40 call for .30
June 15th 60 call for .25
#ContangoETFs
BTC $DRIP April 20th 25 call for .15. Sold for 1.70 on Feb 9th.
#OptionsExpiration
— Expiring —
COST 180/197.5 strangles, sold for 1.55 on Wednesday.
DUST call
#ContangoETFs Hitting that sell level again…
Sell $DUST Sept 40 call for 3.10.
ETFs closed
#contangoetfs
Closed on GTC orders:
$KOLD Feb 16th 50 call for .05. Sold for 2.95 on Oct 5th.
$NUGT Mar 16th 44 calls. Sold for 1.50 and 1.22 in January.
DUST on the move
#ContangoETFs Sold $DUST Jan 2019 45 call for 4.80.
DUST Calls
Sold $DUST Jun 15th 40 call for 2.00
DUST calls
#ContangoETFs Thanks to @ramie77 for the head’s up that DUST is back in call-selling range.
Sold $DUST Apr 20th 35 call for 1.65
Sold $DUST Jun 15th 35 call for 2.75
NUGT and SVXY
#ContangoETFs #VXXGame Following @optioniceman in spirit:
Sold $NUGT Jan 2019 50 call for 5.95, adding to my position.
Sold $SVXY Feb 16th 120/100 put spread for 2.15. Margin cost to sell naked is too steep.
Final trades and expirations
#SPXcampaign
Sold $SPX Feb 16th 2710/2685 put spreads for 1.55.
#Earnings
Closed $AA Jan 19th 53.5 puts for .45, sold in strangle for 1.00 on Wednesday.
Closed $STZ Jan 19th 220 put for 1.60, sold for 2.35 on 1/4.
#OptionsExpiration #ContangoETFs
$DUST 30 call, sold for 1.50 on Nov 30th
$AA 59 calls, sold in strangle for 1.00 on Wednesday.
Trying GUSH out
First position in this 3x oil & gas ETF.
Sold $GUSH Mar 16 44 calls @ 2.05. Highest strike in March.
Adding to NUGT ladder
#ContangoETFs Sold $NUGT March 44 call for 1.50. I now have a NUGT ladder that matches my $DUST ladder, all in calls.
NUGT roll
#ContangoETFs Rolled a NUGT call to avoid falling ITM:
Closed $NUGT Jan 19th 30 call for 2.96. Sold for 1.30 early in Dec
#Rolling Sold NUGT June 40 call for 3.35
Also, sold highest June strike, 47 call for 2.46.
NUGT flying
#ContangoETFs Sold $NUGT Jan 19th 30 call for 1.30
Sold $NUGT June 40 call
These are the same call strikes I’m already holding in $DUST, so they are margin free.
NUGT call
#ContangoETFs Sold $NUGT Jan 2019 50 call for 4.10. This offsets the $DUST 50 call I sold for the same price a couple weeks ago. I’m building a NUGT ladder to match the one I have in DUST… short calls only on both.
DUST another call
#ContangoETFs. Filled at the bell: $DUST March 44 call for 1.25. It was the highest strike a couple days ago, but now they’ve added the 45.
DUST call
#ContangoETFs Sold to Open $DUST June 40 call for 3.05. Thanks @ramie77 for the idea.
DUST call
#ContangoETFs Sold to Open $DUST Jan 30 call for 1.50.
DUST in the wind
#ContangoETFs BTC $DUST Dec 15th call for .10. Sold for 1.25 on Sept 20th. Now I have no positions in DUST or NUGT. Waiting for whichever one makes a strong rally and I’ll sell calls again.
GUSH
#ContangoETFs Hey @ramie77, since DRIP has dropped, is it time to give GUSH a gander?
Margin in the corner
#ContangoETFs #ShortCalls I found these $NUGT positions all sitting in the corner of my portfolio, neglected and ignored. Margin freed up!
BTC NUGT Nov 17th 60 call for .03. Sold for 2.10 on Sep 7th.
BTC NUGT Dec 15th 51 calls for .15. Sold for 2.18 and 3.85 in August.
BTC NUGT 58 call for .07. Sold for 2.28 on Aug 31st.
BTC NUGT Jan 19th 58 call for .28. Sold for 5.80 on June 6th.
BTC NUGT Mar 16th 60 call for .77. Sold for 5.50 on Sept 5th.
Options Expiration 10/20/17
#OptionsExpiration #Earnings #ContangoETFs #VXXGame #LongPutDiagonals
Forgot to post this!
— Expiring w/max profit —
HCA 82.5 #CoveredCalls
NUGT 45 call
SVXY 55 and 68 puts
VXX 50 call
— Expiring w/max loss —
GWW 180/185 #ShortCallSpreads
NFLX 210/220/230 #CallButterfly
DUST call
#ContangoETFs Sold $DUST Dec 35 call for 1.25. My first new position in DUST since early July.
Another DRIP drops
#ContangoETFs Closed on GTC order: $DRIP Nov 40 call for .20. Sold for 2.10 on Aug 29th.
Options Expiration 9/15/17
#OptionsExpiration #ContangoETFs #VXXGame #SPXcampaign #Earnings #CoveredCalls
— Expiring w/max profit —
DRIP 35 call
KOLD 45 call
SVXY 75 put
SPX 2505/2530 call spreads (sold in a #CondorRoll for 3.95 on Tuesday)
— Expiring w/loss —
SPX 2420/2405 LONG put spreads, bought for 1.25 last Friday
— #Assignment —
PLCE 110 covered call, partial stock position being called away
NUGT and DUST
Sold $NUGT Nov 17th 60 call for 2.10
Closed $DUST Dec 50 call for .20. Sold for 4.75 on July 7th.
NUGT call
#ContangoETFs Sold $NUGT Mar 16 2018 60 call for 5.50. Highest strike.
NUGT call
#ContangoETFs Adding another rung to the ladder: Sold $NUGT Dec 15th 58 call for 2.28.
NUGT call
#ContangoETFs Sold $NUGT Dec 15th 51 call for 3.80, adding to my position.
DUST closed
#ContangoETFs Closed on GTC order: $DUST Jan ’18 85 call for .35. Sold for 4.00 on April 26th.
Options Expiration 8/18/17
#OptionsExpiration #ContangoETFs #VXXGame #Earnings
— Expired w/Max Profit —
DRIP 35 call
UVXY 68 call
— #Assignment —
PLCE 110 puts, taking stock with 108.00 cost basis.
I will check in Monday from our Eclipse campsite in Dallas, Oregon!
NUGT call
#ContangoETFs Sold $NUGT Dec 51 call for 2.20.
DRIP on the move again
Sold $DRIP Oct 20 35 calls @ 1.60. Highest strike. Looks like you can get a bit more now.
Options Expiration 7/28/17
#OptionsExpiration #Earnings #CoveredCalls #ContangoETFs #ShortStrangles #ShortCalls
— Expiring w/Max Profit —
DUST 45 calls
FSLR 49 covered call
— Assignments —
HCA 83.5 puts, taking stock, cost basis 82.30
FSLR 48 covered call, releasing half of stock position
— Expiring w/Loss —
AMZN 1037.5/1042.5/1092.5/1097.5 #IronCondor
AMZN 1030/1050/1070 #IronButterfly
GOOGL 980/1000/1020 Iron Butterflys
The Beauty of Dust
#ContangoETFs BTC $DUST Jan-2018 90 call for .75. Sold for 7.70 on March 8th.
UVXY pre-split
#VXXGame #ContangoETFs – Bought to Close UVXY1 JAN 19 2018 30.0/40.0 Bear Call Spreads @ .20 (sold for 1.75)
UVXY
#ContangoETFs – Jeez…hope this thing doesn’t get to zero before we get a chance to sell the new options. Think it closed around 8.80 on Friday. That’s 35.20 split adjusted. Currently at 32.65. C’mon stay up!
DRIP dropped
#ContangoETFs BTC $DRIP July 21st 30 call for .10. Sold for 1.35 on June 2nd. Took some risk out, but I plan to let my riskier 28 calls expire next week.
DUST calls
#ContangoETFs #ShortCalls Followed @optioniceman on a couple and one of my own:
STO $DUST July 21st 42 calls for .50
STO $DUST July 28th 45 calls for .50
STO $DUST Dec 50 call for 4.75
Adding DRIP in December
New highest strike so I’m throwing one out there to get it on the books.
Sold $DRIP Dec 15 40 call @ 2.80.
Margin release
#ContangoETFs BTC $NUGT July 21st 50 call for .05. Sold for 1.25 on June 6th.
#Earnings BTC $AZO Sept 15th 480 put for 3.10. Sold for 3.70 on May 24th. Overall earnings trade turned out nicely profitable, so I don’t need this extra put that gobbles up too much margin to wait another month or two.
It’s KOLD again
#ContangoETFs At the bell, sold on GTC order: $KOLD Sept 15th 45 call for 2.00.
Also:
Sold $FB July 21st 155 covered call for 2.60 #CoveredCalls
Drippity drop up
#ContangoETFs Filled yesterday on $DRIP Sept 35 call for 1.35
Just added now: Sold DRIP July 21st 30 call for 1.35
DRIP experiment
Have never traded the triple-leveraged oil ETFs ($GUSH and $DRIP). I figured I would test the NUGT/DUST strategy with a small position, playing for the volatility drag that would be similar to the gold miner ETFs. Highest strike in September is 35 with the stock at 22.03.
Sold $DRIP Sep 15 35 calls @ 1.30.
NUGT and DUST closures (+ one for FB)
#ContangoETFs Closed up a few with decent profit to clear the slate for new sales. Focussed mostly on short calls on both; puts riskier in these downward racing dogs.
BTC DUST June 9th 47 calls for .05. Sold for 1.25 on Apr 27th
BTC DUST June 16th 24/47 strangles for .65. Sold for 2.85 on Apr 26th
BTC NUGT June 16th 51 call for .16. Sold for 1.05 on May 17th
#Earnings #CoveredCalls #StockTrades
STO FB June 16th 150 call for 3.75. #Rolling for 100 shares I plan to keep longer term, as practice in managing covered calls on an up trending stock.
Hello NUGT
#ContangoETFs These are my first trades in NUGT since November. Waited for it to reach closer to its April highs before selling calls, and of course the reverse split was necessary to make premium attractive again.
STO NUGT June 16th 51 calls for 1.05
STO NUGT Sept 15th 51 call for 4.60
(highest strike available)
DUST rolls
#ContangoETFs #StrangleRoll In the DUST game again after a long absence!
Bought to close $DUST May 19th 35 calls for 2.80. Sold for 1.40 on Apr 19th.
Rolled into a strangle: Sold June 16th 24/47 strangles for 2.85.
Now that DUST in plummeting, I clearly rolled this too early.
Also, sold to open DUST Jan 19th 2018 85 call for 4.00.
Other trades on Wednesday
#Earnings #Rolling #ITMroll #ContangoETFs #VXXGame
Bought to close $PANW Apr 21st 135 put for 25.50, to avoid early assignment.
Sold to Open PANW May 17th 135 put for 25.90
Sold to Open $DUST May 21st 35 calls for 1.40
Sold to Open $SVXY May 21st 90 puts for 1.95
#contangoetfs SVXY rolled March 17,…
#contangoetfs
SVXY rolled March 17, 135/140 to April 21, 140/145 for a credit of .26
$DUST #ShortCalls – these are…
$DUST #ShortCalls – these are pre-split options and highly illiquid (so caution and patience is advised), but the effective strike price works out to 150.0 with the stock at 39.88.
Sold DUST (20/100) Jan 19 2018 30.0 Calls @ 1.05
$UVXY #Short Calls #ContangoETFs Sold…
$UVXY #Short Calls #ContangoETFs Sold to open March 17th 33 Calls at 0.36 when $UVXY was at 21.51. This replaced the March 3rd calls I took off.
#contangoETFs $UVXY Sold to open…
#contangoETFs $UVXY
Sold to open Feb 24th 26 Calls @ 0.27 with UVXY at??? with 1 minute left in the session (4:14). That was a surprise. I’m waiting for the text notification to get the price of UVXY.
$SVXY #ContangoETFs #Shortputs Sold 1…
$SVXY #ContangoETFs #Shortputs Sold 1 Feb 24th 110 Put @ 1.02 when SVXY was @ 125.55. This will be closed or rolled to avoid assignment.
$UVXY #ShortCalls, #ContangoEtfs Bought to…
$UVXY #ShortCalls, #ContangoEtfs Bought to close my Feb 17th UVXY calls @ .05.
$SVXY
STO Feb 10 $85 puts @ $.36
$UVXY
STO $UVXY Feb 24 $50 calls @ $.68
STO $UVXY Feb 24 $55 calls @ $.56
STO $UVXY Feb 24 $60 calls @ $.44
Options Bistro 