#OptionsExpiration #Monthly #Nov17 – A…

#OptionsExpiration #Monthly #Nov17 – A smaller than normal monthly expiration cycle because of lower than average volatility, and because I have been covering positions early at minimum prices.

Plenty of #FallingKnife trades expiring ($ABC $CVS $ESRX $FL $FOSL $GILD $M $NOV $TAP) plus a few volatility positions ($SVXY and $UVXY)

Taking a nice gain on $LB that was acquired via Put assignment in August and going long one new stock $NBL. A scattering of other covered call positions are expiring.

— Expirations —
ABC Nov 17 2017 70 Puts
ANF Nov 17 2017 11 Puts
ANF Nov 17 2017 15 Puts
CVS Nov 17 2017 65 Puts
DUST Nov 17 2017 35 Calls
ESRX Nov 17 2017 52.5 Puts
FL Nov 17 2017 26 Puts
FL Nov 17 2017 30 Puts
FOSL Nov 17 2017 7 Puts
GILD Nov 17 2017 70 Puts
KR Nov 17 2017 24 Calls (Covered)
M Nov 17 2017 20 Puts
NOV Nov 17 2017 29 Puts
NUGT Nov 17 2017 25.5 Puts
RRC Nov 17 2017 23 Calls (Covered)
SLB Nov 17 2017 57.5 Puts
SVXY Nov 17 2017 75 Puts
SVXY Nov 17 2017 76 Puts
SVXY Nov 17 2017 77 Puts
SVXY Nov 17 2017 78 Puts
SVXY Nov 17 2017 79 Puts
SVXY Nov 17 2017 80 Puts
SVXY Nov 17 2017 85 Puts
TAP Nov 17 2017 77.5 Puts
UVXY Nov 17 2017 18.5 Calls (Covered)
UVXY Nov 17 2017 19 Calls (Covered)
UVXY Nov 17 2017 25 Calls
UVXY Nov 17 2017 25.5 Calls
UVXY Nov 17 2017 26 Calls
UVXY Nov 17 2017 26.5 Calls
UVXY Nov 17 2017 27 Calls
UVXY Nov 17 2017 27.5 Calls
UVXY Nov 17 2017 28 Calls
UVXY Nov 17 2017 28.5 Calls
UVXY Nov 17 2017 45 Calls

— Assignments —
LB Nov 17 2017 47.5 Calls (Covered)
NBL Nov 17 2017 27.5 Puts – going long a few shares.

$CMI #FallingKnife Sold $CMI Jun…

$CMI #FallingKnife
Sold $CMI Jun 15 2018 120 put @ 1.60 with the stock at 159.86 and right at the 200 day moving average.

EDIT: Added a Mar 16 2018 135 put @ 1.65

$GWW #ShortPuts – Bought to…

$GWW #ShortPuts – Bought to close GWW Jan 19 2018 130.0 Puts @ 0.05.
They don’t expire until next year.
Originally sold in May at 1.25 as a #FallingKnife trade.
Still short other Puts in this stock.

$NWL Adding

Sold $NWL Jun 15 2018 23 put @ 1.35.
Put ladder is now:
Mar 26
Jun 25
Jun 23

#FallingKnife

$EFX #ShortPuts – Bought to…

$EFX #ShortPuts – Bought to close EFX Jan 19 2018 60.0 Puts @ 0.05. They don’t expire until next year.
Originally sold in September at 1.20 and again at 1.90 as a #FallingKnife trade.
Still short the Apr 60 Puts

$SLB #ShortPuts #FallingKnife – Sold…

$SLB #ShortPuts #FallingKnife – Sold 1 SLB May 18 2018 55 Put @ 1.80

$CHRW #ShortPuts – Bought to…

$CHRW #ShortPuts – Bought to close CHRW Jan 19 2018 60.0 Puts @ 0.05. They don’t expire until next year.
Originally sold in May at 1.15, 1.45 and 1.75 as a #FallingKnife trade.

$TSCO #ShortPuts – Bought to…

$TSCO #ShortPuts – Bought to close TSCO Jan 19 2018 45.0 Puts @ 0.05. They don’t expire until next year.
Originally sold in May at 1.40 and again in July at 2.25 as #FallingKnife trades.
Also short the Jan 50 Puts. Just waiting for the fill on my order at 0.05.

$SIG #ShortPuts – Bought to…

$SIG #ShortPuts – Bought to close SIG Jan 19 2018 35.0 Puts @ 0.05. It doesn’t expire until next year.
Originally sold in May at 1.15, 1.30 and 1.35 as a #FallingKnife trade.
Also short the Jan 40 Puts which are bid at a nickel. Just waiting for the fill on my order at 0.05.

IBB split

Was looking at some of our old friends…BIB XBI LABU and IBB for maybe some potential #FallingKnife possibilities when I stumbled on this for IBB:

The Board has approved a 3-for-1 split for this fund for shareholders of record as of the close of business on November 28, 2017, payable after the close of trading on November 30, 2017. The 3-for-1 split will lower the share price and increase the number of outstanding shares. The total value of shares outstanding is not affected by a split.

Could be interesting. Just watching for now but out next year at 220-240 looks like it could get juicy.

REGN

#FallingKnife possibility. I’ve been selling covered calls (cautiously) against it. Looking at a possible long term trade there too. Great weekly premium….

PBYI

Another one to add to the #FallingKnife watch list…

$TRIP #ShortPuts #FallingKnife – Sold…

$TRIP #ShortPuts #FallingKnife – Sold 1 TRIP Jan 19 2018 28.0 Put @ 1.40

$HP #ShortPuts – Bought to…

$HP #ShortPuts – Bought to close HP Dec 15 2017 40.0 Puts @ 0.05. These won’t trade any lower and have over a month until expiration.
Originally sold in August at 1.15, 1.25, 1.30 and 1.55 as a #FallingKnife trade.
Still short the Dec 42.5, Jan 40 and Mar 37.5 Puts in an #OptionLadder.

#fallingknife #shortputs AKAM Bought January…

#fallingknife #shortputs AKAM

Bought January 18, 40 put for .05 sold May 5 for 1.12 gracias hielo hombre

$ALK #ShortPuts #FallingKnife – Sold…

$ALK #ShortPuts #FallingKnife – Sold 1 ALK APR 20 2018 50.0 Put @ 1.25

$TRIPped Up

Sold $TRIP Mar 16 27 put @ 1.45.
#FallingKnife

$NFX #ShortPuts – Bought to…

$NFX #ShortPuts – Bought to close NFX Dec 15 2017 25.0 Puts @ 0.05. They won’t trade any lower and still have over a month until expiration.
Sold at 1.20 and again at 1.50 in June as a #FallingKnife trade.
Still Short Dec 26.0 Puts and Jan 28.0 Puts as part of an #OptionLadder.

$DPS #ShortPuts – Bought to…

$APC #ShortPuts – Bought to close 1 APC Nov 17 2017 37.5 Put @ 0.01 and 1 APC Nov 17 2017 45.0 Put @ 0.01.
They won’t trade any lower.
Sold the 45.0 Put @ 1.68 and the 37.5 Put @ 1.25 as #FallingKnife trades.

$AKAM #ShortPuts – Bought to…

$AKAM #ShortPuts – Bought to close AKAM Nov 17 2017 42.5 Puts @ 0.01. They won’t trade any lower.
Sold at 1.18 and 1.31 and later at 1.61 and 1.68 in May as a #FallingKnife trade.
Still Short Jan 40 and 37.5 Puts as part of an #OptionLadder.

$CVS #ShortPuts #FallingKnife – Sold…

$CVS #ShortPuts #FallingKnife – Sold 1 CVS NOV 24 2017 65.0 Put @ 1.17. Post earnings trade with a short time frame

$CAH $ShortPuts #OptionLadder #FallingKnife -…

$CAH #ShortPuts #OptionLadder #FallingKnife – added a couple of rungs this morning.
Sold 1 CAH MAR 16 2018 52.5 Put @ 1.65
Sold 1 CAH JUN 15 2018 50.0 Put @ 1.70

$APC #ShortPuts – Bought to…

$APC #ShortPuts – Bought to close APC Nov 17 2017 40.0 Puts @ 0.01.
Originally sold on 06/07/2017 at 1.16 as a #FallingKnife trade (and I was way early).

$FLR #ShortPuts – Bought to…

$FLR #ShortPuts – Bought to close FLR Jan 19 2018 35.0 Puts @ 0.05. They won’t trade any lower and don’t expire until next year.
Originally sold on 8/7/17 at 1.25 as a #FallingKnife trade.

$ALK #ShortPuts #FallingKnife – Sold…

$ALK #ShortPuts #FallingKnife – Sold 1 ALK Apr 20 2018 55.0 Put @ 2.15

HRB

That’s gonna be a #FallingKnife you may not want to get under. I can’t wait to file taxes on a post card!

Some #FallingKnife trades Sold: $ABC…

Some #FallingKnife trades
Sold:
$ABC May 18 55 puts @ 1.10
$CAH Mar 16 52.50 put @ 1.30
$CAH Jun 15 50 put @ 1.50
$NWL Jun 15 25 puts @ 1.45

$OXY #ShortPuts – Bought to…

$OXY #ShortPuts – Bought to close OXY Nov 17 2017 52.5 Put @ 0.01.
Originally sold at 1.42.
It seems like all the #Oil related #FallingKnife trades are now working out.

$NFX #ShortPuts – Bought to…

$NFX #ShortPuts – Bought to close 1 NFX Dec 15 2017 23.0 Put @ 0.05. It won’t trade any lower and has almost 2 months to run until expiration.
Originally sold at 1.20 on 08/03/17 as a #FallingKnife trade.

$RIG #ShortPuts – Bought to…

$RIG #ShortPuts – Bought to close RIG Nov 17 2017 8.0 Puts @ 0.01.
Originally sold in May at 0.40 and 0.50 as #FallingKnife trades

$AGN #ShortPuts #FallingKnife – Sold…

$AGN #ShortPuts #FallingKnife – Sold 1 AGN May 18 2018 120.0 Put @ 1.50 with the stock at 177.92

$EFX #ShortPuts – Bought to…

$EFX #ShortPuts – Bought to close EFX Jan 19 2018 50.0 Puts @ 0.05.
They won’t trade any lower and don’t expire until next year.
Originally sold about 6 weeks ago at 1.20 & 1.25 as a #FallingKnife trade

$WBA #ShortPuts #FallingKnife – Sold…

$WBA #ShortPuts #FallingKnife – Sold 1 WBA Dec 15 2017 62.5 Put @ 1.94

$CVS #ShortPuts #FallingKnife – Sold…

$CVS #ShortPuts #FallingKnife – Sold 1 CVS Nov 10 2017 67.5 Put @ 1.80.
Short turnaround time if the stock stabilizes

$CELG #ShortPuts #FallingKnife – Sold…

$CELG #ShortPuts #FallingKnife – Sold 1 CELG Jun 15 2018 65.0 Put @ 1.30 with the stock at 95.90

$NOV #ShortPuts – Bought to…

$NOV #ShortPuts – Bought to close NOV Nov 17 2017 28.0 Puts @ 0.01. They won’t trade any lower.
Sold in May 2017 at 1.21 as a #FallingKnife trade.

$AKAM #ShortPuts – Bought to…

$AKAM #ShortPuts – Bought to close AKAM Nov 17 2017 40.0 Puts @ 0.01. They won’t trade any lower.
Sold in May 2017 at 1.22 as a #FallingKnife trade.

$GILD #ShortPuts #FallingKnife – Sold…

$GILD #ShortPuts #FallingKnife – Sold 1 GILD FEB 16 2018 65.0 Put @ 1.57

$HES #ShortPuts #FallingKnife – Sold…

$HES #ShortPuts #FallingKnife – Sold 1 HES MAY 18 2018 32.5 Put @ 1.15

AGNC

#FallingKnife – Good divvy down here…no position

PSA

#FallingKnife with nice divvy…

$WHR #ShortPuts #FallingKnife – adding…

$WHR #ShortPuts #FallingKnife – adding on
Sold 1 WHR APR 20 2018 125.0 Put @ 2.05
Sold 1 WHR JUN 15 2018 125.0 Put @ 2.84

$WHR #ShortPuts #FallingKnife – Sold…

$WHR #ShortPuts #FallingKnife – Sold WHR APR 20 2018 120.0 Puts @ 1.50. Thanks Ramie

$UAL #ShortPuts #FallingKnife – Sold…

$UAL #ShortPuts #FallingKnife – Sold 1 UAL Mar 16 2018 50.0 Put @ 1.73

KMB

#FallingKnife #IRA #Dividends – Maybe a decent place to buy it if she keeps falling…

Sold KMB APR 20 2018 105.0 Put @ 3.00

#fallingknife STX Closed Dec. 15…

#fallingknife STX

Closed Dec. 15 28 put for .05, sold Aug. 24 for 1.37-we all know where this came from-thanks as always

$GE #ShortPuts #FallingKnife – Sold…

$GE #ShortPuts #FallingKnife – Sold GE JUN 15 2018 22.0 Puts @ 1.30 this morning on the earnings news.
You won’t get rich selling options on a stock that mostly moves like a big glacier. But I wouldn’t mind owning it at 20.70.

#coveredcalls CAG Following Tradewise covered…

#coveredcalls CAG
Following Tradewise covered calls, buy/write Nov. 17 35, will pick up a small dividend as well. Looks like a still possible #fallingknife maybe.

$CELG #ShortPuts #FallingKnife #OptionLadder -…

$CELG #ShortPuts #FallingKnife #OptionLadder – Sold CELG APR 20 2018 90.0 Puts @ 1.26

$CELG #ShortPuts #FallingKnife – Sold…

$CELG #ShortPuts #FallingKnife – Sold 1 CELG MAR 16 2018 95.0 Put @ 1.37

$FLR #ShortPuts – Bought to…

$FLR #ShortPuts – Bought to close 1 FLR OCT 20 2017 42.5 Put @ 0.05 to avoid possible assignment tomorrow. The stock opened down at 42.27 this morning before recovering or I would have let this one run out.
Originally sold on 05/17/2017 at 1.65 as a #FallingKnife trade.
Still short the Jan 35 and 40 Puts that are nicely profitable.

$AAOI #ShortPuts #FallingKnife – Sold…

$AAOI #ShortPuts #FallingKnife – Sold 1 AAOI MAR 16 2018 22.5 Put @ 1.60 with the stock at 42.05

AGN #FallingKnife Sold: $AGN Feb…

AGN #FallingKnife
Sold:
$AGN Feb 16 2018 150 put @ 1.50
$AGN Mar 16 2018 145 put @ 1.50

$GWW #ShortPuts – Bought to…

$GWW #ShortPuts – Bought to close GWW Dec 15 2017 120.0 Puts @ 0.05. Out 2 months early at minimum value.
Originally sold as a #FallingKnife trade in July at 1.15 and 1.25.

$GWW #ShortPuts – The earnings…

$GWW #ShortPuts – The earnings report moved the stock a bit, but the conference call lit a fire under it for now. It’s no longer a #FallingKnife but there is still a big earnings gap in the chart from last spring.
Sold GWW APR 20 2018 155.0 Puts @ 3.10. The strike price is at the yearly low.

$PCG #ShortPuts #FallingKnife – Sold…

$PCG #ShortPuts #FallingKnife – Sold PCG Oct 20 2017 45.0 Puts @ 0.80 with the stock in freefall.
It finally hit the butcher block at 50.

$ULTA $DISH $ESRX $WBA #ShortPuts…

$ULTA $DISH $ESRX $WBA #ShortPuts #FallingKnife – all S&P stocks at or near their 52Week Low –
Sold ULTA DEC 15 2017 145.0 Put @ 1.45
Sold DISH MAR 16 2018 42.5 Put @ 1.70
Sold ESRX MAY 18 2018 47.5 Put @ 1.37
Sold WBA JUN 15 2018 55.0 Put 1.32

UHS #FallingKnife Sold $UHS Apr…

UHS #FallingKnife
Sold $UHS Apr 20 80 put @ 1.40

T

#FallingKnife #IRA – Could be a long term hold. Dividend over 5 percent now with the selloff.

Sold T APR 20 2018 35.0 Puts @ 1.47

$DISH #ShortPuts #FallingKnife – Sold…

$DISH #ShortPuts #FallingKnife – Sold 1 DISH MAR 16 2018 42.5 Put @ 1.50 with the stock at 49.5.

$VIAB #ShortPuts #FallingKnife – Sold…

$VIAB #ShortPuts #FallingKnife – Sold 1 VIAB Mar 16 2018 22.5 Put @ 1.25

$TDG #ShortPuts – Bought to…

$TDG #ShortPuts – Bought to close TDG Nov 17 2017 98.0 Puts @ 0.05.
The stock & options were adjusted by a corporate event since they were sold.
On 03/22/2017  Sold TDG Nov 17 2017 120.0 Puts @ 3.00 and on 3/24/17 I added to the position @ 4.20.
It was a real #FallingKnife back then.

$GPC #ShortPuts – Bought to…

$GPC #ShortPuts – Bought to close GPC Nov 17 2017 75.0 Puts @ 0.05. They won’t trade any lower and still have over a month to run.
Originally sold as a #FallingKnife trade on 07/13/2017 @ 1.50

SBH and ULTA

#FallingKnife – I’d say SBH is there and ULTA may not be far behind. More AMZN victims?

DGX

#FallingKnife – Sold 1 DGX May 18 2018 80.0 Put @ 2.20

$WBA #ShortPuts #FallingKnife – Sold…

$WBA #ShortPuts #FallingKnife – Sold 1 WBA Apr 20 2018 60.0 Put @ 1.47 with the stock at 70.36.

$WBA #ShortPuts #FallingKnife – Sold…

$WBA #ShortPuts #FallingKnife – Sold 1 WBA Jun 15 2018 60.0 Put @ 1.76

$K #ShortPuts #FallingKnife – Sold…

$K #ShortPuts #FallingKnife – Sold 1 K Mar 16 2018 57.5 Put @ 1.60

$COST #ShortPuts #FallingKnife – Sold…

$COST #ShortPuts #FallingKnife – Sold 1 COST Jun 15 2018 118.0 Put @ 1.33

$XEC #ShortPuts – Bought to…

$XEC #ShortPuts – Bought to close XEC Dec 15 2017 75.0 Puts @ 0.05. They wont trade any lower and still have over 2 months until expiration.
Sold in June as a #FallingKnife trade at 1.30, 1.60 and 2.10 (the stock was obviously falling at the time)

$CVS #ShortPuts #FallingKnife – Sold…

$CVS #ShortPuts #FallingKnife – Sold 1 CVS Feb 16 2018 65.0 Put @ 1.40.

$WBA #FallingKnife Sold $WBA Apr…

$WBA #FallingKnife
Sold $WBA Apr 20 2018 60 puts @ 1.43 with the stock at 70.45

CVS and WBA

#FallingKnife – Could be the beginning. Not sure what the news was…

$CVX #ShortPuts #FallingKnife – Bought…

$CVX #ShortPuts #FallingKnife – Bought to close 1 CVX Dec 15 2017 80.0 Put @ 0.01.
It won’t trade any lower and has over 2 months until expiration.
Sold at 1.14 on 04/19/2017.

$AYI #ShortPuts #FallingKnife – Bought…

$AYI #ShortPuts #FallingKnife – Bought to close 1 AYI Nov 17 2017 125.0 Put @ 0.05.
It won’t trade any lower.
Sold at 2.60 on 04/05/2017.