#OptionsExpiration #Weeklys #Oct27 – a…

#OptionsExpiration #Weeklys #Oct27 – a busier week than expected because of the mid-week spike in Volatility.
Most positions were rolled or expired except for a couple of #Gold related assignments.

— Expirations —
NSC (Weekly) Oct 27 2017 125 Puts – earnings play
NUGT (Weekly) Oct 27 2017 25 Puts
SVXY (Weekly) Oct 27 2017 90 Puts
UVXY (Weekly) Oct 27 2017 20.0 Calls (Covered)
UVXY (Weekly) Oct 27 2017 20.5 Calls
UVXY (Weekly) Oct 27 2017 21.0 Calls
UVXY (Weekly) Oct 27 2017 21.5 Calls
UVXY (Weekly) Oct 27 2017 22.0 Calls
UVXY (Weekly) Oct 27 2017 22.5 Calls

–Assignments —
DUST (Weekly) Oct 27 2017 26.5 Calls (Covered) – out of this lot at a gain
NUGT (Weekly) Oct 27 2017 30 Puts – Adding some long stock and will sell covered calls

RGLD position closed

#Earnings #Gold This was an earnings trade gone bad… assigned with an 85.00 cost basis back in August, stock dropped to 60 a couple times… finally put a trail stop on it and the final batch closed today. I don’t tend to wait forever for recovery on these assignments. My mistake was not putting stops on the stock at the beginning, since it did recover into profit territory briefly. Dividends and covered calls brought my cost basis down to the high 70’s… average stock sale around 69.00.

#Markets #Volatility #Gold – levels…

#Markets #Volatility #Gold – levels to watch – previous turning points from late Feb ….
$SVXY / $UVXY – the last SVXY bottom was 118.39 while UVXY topped at 23.85.
$NUGT /$DUST when gold futures touched 1260 (now at 1245), NUGT peaked at 12.28 while DUST bottomed at 26.30

My opinions fwiw:
UVXY is unlikely to reach the prior peak until after SVXY violates its prior low – selling UVXY “Weekly” calls in the 30’s seems like a winning move vs. SVXY Puts. They can always be rolled.

DUST is much closer to it’s previous low than NUGT is from its high. A 28% move in NUGT would just about do it, but DUST would drop 28% to 21, over 5 points below its last bottom. I’m hanging on to my short DUST calls for June (65) and Jan 2018 (90) until that happens. I will continue to roll down DUST puts as needed.

#OptionsExpiration #Weeklys #Mar03 – it…

#OptionsExpiration #Weeklys #Mar03 – it was almost all volatility plays for this week, as $SVXY and $UVXY did what was needed to allow every position to expire worthless.

$GDX and $NUGT showed extraordinary weakness despite only a modest pullback in #GOLD. I’m reestablishing a long position on some put assignments and will begin selling covered calls on Monday at strike prices above my cost.

— Expirations —
CVS (Weekly) Mar 3 2017 83 Calls

SVXY (Weekly) Mar 3 2017 80 Puts
SVXY (Weekly) Mar 3 2017 85 Puts(Weekly) Mar 3 2017
SVXY (Weekly) Mar 3 2017 94.5 Puts
SVXY (Weekly) Mar 3 2017 95 Puts
SVXY (Weekly) Mar 3 2017 96 Puts
SVXY (Weekly) Mar 3 2017 96.5 Puts
SVXY (Weekly) Mar 3 2017 97 Puts
SVXY (Weekly) Mar 3 2017 97.5 Puts
SVXY (Weekly) Mar 3 2017 98 Puts
SVXY (Weekly) Mar 3 2017 98.5 Puts
SVXY (Weekly) Mar 3 2017 99 Puts
SVXY (Weekly) Mar 3 2017 104 Puts
SVXY (Weekly) Mar 3 2017 108 Puts

UVXY (Weekly) Mar 3 2017 23 Calls (Covered)
UVXY (Weekly) Mar 3 2017 23.5 Calls (Covered)
UVXY (Weekly) Mar 3 2017 24 Calls (Covered)
UVXY (Weekly) Mar 3 2017 24.5 Calls (Covered)
UVXY (Weekly) Mar 3 2017 25 Calls
UVXY (Weekly) Mar 3 2017 27 Calls
UVXY (Weekly) Mar 3 2017 27.5 Calls
UVXY (Weekly) Mar 3 2017 31 Calls
UVXY (Weekly) Mar 3 2017 50 Calls
UVXY (Weekly) Mar 3 2017 60 Calls

— Assignments —
NUGT (Weekly) Mar 3 2017 10 Puts
NUGT (Weekly) Mar 3 2017 9.5 Puts

#OptionsExpiration #Weeklys #Feb24 – A…

#OptionsExpiration #Weeklys #Feb24 – A pretty good week as almost everthing worked(again). $SVXY pulled back allowing more puts to be sold, $UVXY rallied so a new set of Weekly and Monthly calls could be sold, and $DUST continued to rally despite the move up in #Gold allowing some more short Puts to expire.

Also, a couple of covered call positions were assigned and closed out profitably, raising more cash for the coming months.

— Expirations —
DUST (Weekly) Feb 24 2017 26.5 Puts

SVXY (Weekly) Feb 24 2017 70 Puts
SVXY (Weekly) Feb 24 2017 80 Puts
SVXY (Weekly) Feb 24 2017 85 Puts
SVXY (Weekly) Feb 24 2017 100 Puts
SVXY (Weekly) Feb 24 2017 101 Puts
SVXY (Weekly) Feb 24 2017 102 Puts
SVXY (Weekly) Feb 24 2017 103 Puts
SVXY (Weekly) Feb 24 2017 104 Puts
SVXY (Weekly) Feb 24 2017 108 Puts
SVXY (Weekly) Feb 24 2017 112 Puts
SVXY (Weekly) Feb 24 2017 133 Calls

UVXY (Weekly) Feb 24 2017 23 Calls (Covered)
UVXY (Weekly) Feb 24 2017 23.5 Calls (Covered)
UVXY (Weekly) Feb 24 2017 24 Calls (Covered)
UVXY (Weekly) Feb 24 2017 25 Calls (Covered)
UVXY (Weekly) Feb 24 2017 26 Calls (Covered)
UVXY (Weekly) Feb 24 2017 40.5 Calls
UVXY (Weekly) Feb 24 2017 43 Calls
UVXY (Weekly) Feb 24 2017 55 Calls
UVXY (Weekly) Feb 24 2017 56 Calls
UVXY (Weekly) Feb 24 2017 57 Calls
UVXY (Weekly) Feb 24 2017 58 Calls
UVXY (Weekly) Feb 24 2017 59 Calls
UVXY (Weekly) Feb 24 2017 60 Calls

— Assignments —
MRVL (Weekly) Feb 24 2017 15.5 Calls (Covered)
MYL (Weekly) Feb 24 2017 41 Calls (Covered)

Gold trades

#ContangoETFs #ShortCalls #CoveredCalls #GOLD
Earlier today…
STO RGLD Feb 17th 80 covered call for .50

BTC DUST Feb 17th 107 call for .05. Sold for 5.45 on Dec 20th.
BTC Dust Feb 17th 75 call for .15. Sold for 9.00 on Nov 23rd.

This leaves me flat in DUST/NUGT. Going to leave them alone until one of them goes on a bullish surge. I did well overall on this DUST bull run (started selling calls on Oct 4th), although it would have been better if I wasn’t forced to close a few on the highs due to margin (Nov 11 & 14). I will be careful to not sell too many too fast next time.

RGLD Covered Calls

#CoveredCalls #Gold #Earnings
STO $RGLD April 80 call for 2.00