#Eminis – I’ll be short an Emini after Friday. Already been selling puts against it to raise the basis. Since I don’t really have a lot to hedge it’s becoming more of a stand alone position. Rolling up a short put for nice credit while still leaving some downside protection.
Rolled /ES FEB 17 (Wk3) 2100 PUT up to 2200 @ 11.50 credit.
Basis in the Emini will now be 2230.
#Eminis – Thanks Fibwizard!
Bought to Close /ES DEC 16 (EOM) 2150/2010 Bull put spreads @ .75 (sold for 7.05)
And to help continue raising the basis on my short /ES hedge:
SOLD /ES FEB 17 (Wk3) 2100 PUT @ 10.50
#Eminis – Taking a little risk off…
Bought to close /ES DEC 16 (EOM) 2170 PUT @ 2.45 (sold for 9.25)
#Eminis – Bought to close DEC 15 (Wk2) 2050 CALL @1.40 (sold for 10.00 yesterday)
and on a little bounce this morning:
SOLD JAN 16 2050 CALL @ 30.75
This would get me short at 2080.75 Still short a couple contracts as a hedge and rolled those from Dec to Mar this morning. Today is the big quarterly roll day for the Eminis…Was short 3 contracts but covered one at 2058 breakeven earlier this week…grrr!
#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…
#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.
#Eminis – Looking to scalp 10 or 12 points or if it moves against me adding it to a core short position…helps to protect the naked puts of my strangles as well.
SOLD ES @2028.50…order in to cover at 2016.50 or at breakeven on a rally.
#Eminis – The experiment continues. The market weakness has finally allowed me to make some adjustments. Covered a couple short contracts earlier for even after riding them all the way up and back down. This left a few uncovered puts that I rolled down and out to Jan Feb Mar and Apr in 1650-1750 range. Now that I’ve got a little room on the short side I’m legging into some strangles when we get a little strength.
Starting with this:
SOLD /ES JAN 16 2100 CALL @ 18.00
Paired with a 1900 put that’s only worth 6.00 making total value of the strangle 24.00 so max gain of $1200 per strangle. Had I been more patient on the put side I believe these strangles could easily bring 30 points total. This position ties up about 8 thousand margin per strangle with the option to take a long or short position if they get ITM as well as rollability.
I’ll be looking to add the call sides further out if we rally into the end of the year…
/ES #Eminis Been out of town last few days so no time to post…covered a couple Eminis tonight at 2010.50. Sold them Friday near the close at 2015.00 as soon as I heard about the Paris tragedy. Short a few more at higher prices as a hedge for a fairly big SVXY short put position. Lots of bang for your buck with these things as protection. Had some covered by Dec 2000 puts that I’ll roll down and out if I decide to uncover all of the shorts.
/ES #Eminis – I’ll go long here or cover shorts if I have any left by then…
SOLD /ES JAN 16 1900 PUT @ 15.25
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