#IRA #ShortPuts – Sold SVXY AUG 18 2017 90.0 Put @ 2.30
Tag Archives: IRA
$SVXY #ShortPuts #IRA – I…
$SVXY #ShortPuts #IRA – I had my orders already in
Sold 1 SVXY Jul 21 2017 82.0 Put @ 1.09
Sold 1 SVXY Sep 15 2017 65.0 Put @ 1.09
$SVXY #ShortPuts – I had…
$SVXY #ShortPuts – I had my orders already in and then left for several hours. Wow!
Used Up all the cash in a big #IRA selling these:
SVXY JUN 16 2017 97.0 Puts @ 0.30
SVXY JUN 16 2017 98.0 Puts @ 0.30
SVXY JUN 16 2017 99.0 Puts @ 0.30
SVXY JUN 16 2017 109.0 Puts @ 0.43
SVXY JUN 16 2017 118.0 Puts @ 0.50
SVXY JUN 16 2017 120.0 Puts @ 0.80
TSO puts
BTC Jun 16 82.50 put early. Sold Monday for 0.56 in #IRA, bought back today for 0.04 to free up funds to do it again on any pullback.
EWZ
#ShortCalls – Bought to Close EWZ JUN 16 2017 37.0 Calls @ .03 (sold for .65)
These were sold against July Bull Put Spreads. I’ll be looking to sell ’em again somewhere…
XLE
#IRA #FallingKnife #ShortPuts – Starter position. Will look to add lower…
Sold XLE JAN 19 2018 60.0 Puts @ 2.22
NUGT
#IRA – Playing this the same way I play UVXY a lot of the time. Selling spreads a little closer to the money with position size and strike width small enough to add or widen if they need rolled.
Sold NUGT DEC 15 2017 40.0/45.0 Bear Call Spreads @ 1.38
URI
#ShortPuts #IRA – Trying to bounce here at the 200 but I’d buy it lower if that doesn’t hold…
Sold URI JAN 19 2018 85.0 Put @ 4.20
Sold URI JAN 19 2018 80.0 Put @ 3.10
Sold URI JAN 19 2018 75.0 Put @ 2.30
$TSO put
STO Jun 16 82.50 P @ 0.56
#OptionExpiration #Weeklys #Jun2 – a…
#OptionsExpiration #Weeklys #Jun2 – a decent week while waiting for volatility to wake up.
$SVXY and $UVXY positions rolling off have left few risk positions to deal with until the #Monthly expiration in 2 weeks.
$NUGT and $DUST positions expiring in #IRA accounts leave a lot of dry powder to be reinvested on the next big move in gold, whatever direction that might be.
No assignments this week.
— Expirations —
DUST (Weekly) Jun 2 2017 28 Puts
DUST (Weekly) Jun 2 2017 49 Calls
NUGT 25/100 (Weekly) Jun 2 2017 6.5 Puts
NUGT 25/100 (Weekly) Jun 2 2017 7 Puts
NUGT 25/100 (Weekly) Jun 2 2017 7.5 Puts
SVXY (Weekly) Jun 2 2017 85 Puts
SVXY (Weekly) Jun 2 2017 90 Puts
SVXY (Weekly) Jun 2 2017 115 Puts
SVXY (Weekly) Jun 2 2017 119 Puts
SVXY (Weekly) Jun 2 2017 119.5 Puts
SVXY (Weekly) Jun 2 2017 120 Puts
SVXY (Weekly) Jun 2 2017 125 Puts
SVXY (Weekly) Jun 2 2017 135 Puts
SVXY (Weekly) Jun 2 2017 142 Puts
UVXY (Weekly) Jun 2 2017 13.5 Calls (Covered)
UVXY (Weekly) Jun 2 2017 14 Calls (Covered)
UVXY (Weekly) Jun 2 2017 16 Calls (Covered)
UVXY (Weekly) Jun 2 2017 27 Calls
UVXY (Weekly) Jun 2 2017 28 Calls
UVXY (Weekly) Jun 2 2017 30 Calls
UVXY (Weekly) Jun 2 2017 40 Calls
$RRC $NFX $XOM #FallingKnife candidates
$RRC $NFX $XOM #FallingKnife candidates
SVXY
#ShortPuts #IRA – Sold SVXY SEP 15 2017 85.0 Put @ 2.30
$DUST #ShortPuts #IRA – Bought…
$DUST #ShortPuts #IRA – Bought to close DUST Jun 16 2017 18.0 Puts @ 0.05. They won’t trade any lower and it releases cash 3 1/2 weeks early in the IRA.
Originally sold at 1.15 and again at 1.45 on 3/15/17.
STO WDC Jun 16 95 C for 0.95.
This covers my stock again. Have been selling-buying these with the steady upward momentum of WDC since first getting into this stock in Febuary. Cost basis of my stock now down to 74.32.
Love this stock, but also love lowering the cost basis this way.
EWZ Whiz style
#LongCallDiagonals #IRA – Adding one of his with modified strike prices…he uses long delta 80 Leaps and just buys protective puts 20 percent below the current price. I generally buy about delta 70 Leaps and sell bull put spreads to reduce the entry fee. Either way though, sell front month to reduce basis.
Bought Jan 2019 30 calls and sold Jan 2019 25/20 Bull put spreads (and sold May 26 35.5 calls against these). Net debit of 6.35.
With 87 weeks to go front month calls don’t need to bring in much at all for this to be a zero cost trade…
XIV stock
#HolyCrap – Can’t believe it…a stock trade at “The Bistro” !!
#IRA – Just for fun was scaling into some XIV this week at 77.85, 75.70, 73.35, and the biggest chunk at 68.02. Average share price of 72.59. Wasn’t looking too good initially so with this move today I feel like “ya gotta book it”. Could see another 9 handle in the VIX but no greed here.
Sold XIV stock @ 74.60 (bought for 72.59)
UVXY experiment
SVXY
#IRA #ShortCalls #VXXGame – I know this sounds backasswards but these were practically unchanged on the little bounce right after the open. Thinning out some risk and looking to sell lower eventually…
Bought to Close SVXY SEP 15 2017 60.0 Put @ .81 (sold for 3.15)
Bought to Close SVXY SEP 15 2017 65.0 Put @ .96 (sold for 3.97)
Bought to Close SVXY SEP 15 2017 70.0 Put @ 1.20 (sold for 3.25)
And one small sale:
Sold SVXY DEC 15 2017 70.0 Put @ 2.30
SVXY
NVDA continues…
Bought to Close NVDA MAY 12 2017 118.0 Puts @ .35 (sold for 4.34 and 3.16 yesterday)
Sold NVDA MAY 19 2017 120.0 Put @ 2.27
Sold NVDA MAY 19 2017 121.0 Put @ 2.75
Sold NVDA MAY 19 2017 122.0 Put @ 3.29
Sold NVDA MAY 19 2017 123.0 Puts @ 3.87
Used a tiny portion of premium received to roll up and out a couple calls:
Rolled Jun 23rd 115 calls out and up to Jul 21st 120’s @ 2.16 debit
NVDA ideas???
Any thoughts on this rocketship? Previous high on Feb 10 of 120.70. This baby looks to be trying to go in orbit today, but can’t see it continuing up this week after already up almost 16% today.
Currently in a BeCS 114/117 for May 12. I’m inclined to wait until at least tomorrow to see if this re-enters the atmosphere. Have been looking for ways to roll, but haven’t decided. Ditch it now, roll it, or wait until tomorrow or Friday? Any ideas @jeffcp66 or @fuzzballl as I know you’ve been in this one (not the same way as I am)?
$SLV #ShortPuts #IRA #FallingKnife –…
$SLV #ShortPuts #IRA #FallingKnife – Sold SLV Oct 20 2017 13.5 Puts @ 0.23 with the stock at 15.25.
$SLV #ShortPuts #IRA – Sold…
$SLV #ShortPuts #IRA – Sold SLV Dec 29 2017 13.0 Puts @ 0.24 with the stock at 15.40.
$SLV just posted its longest losing streak ever. #FallingKnife
Carter Worth is looking for a bounce in this volatile commodity
UVXY….book ’em
SVXY
#IRA – Replacing a closed position from yesterday…
Sold SVXY DEC 15 2017 80.0 Put @ 3.50
SVXY
My highest strike in the #IRA … freeing up margin for the next opportunity.
Bought to Close SVXY MAY 19 2017 90.0 Put @ .20 (sold for 2.75)
$DUST #ShortPuts #Rolldown #IRA -…
$DUST #ShortPuts #Rolldown #IRA – while I was hoping that these would expire, I instead rolled them out a couple of weeks and moved the strike price down 4 points with the stock at 31.68.
Bought to close DUST Apr 28 2017 32.0 Puts @ 0.44 – Originally sold at 5.22
Sold DUST May 12 2017 28.0 Puts @ 0.84.
A 0.40 credit on the trade, and these come due the same time as my NUGT May 12 2017 8.0 Puts.
One of the trades will certainly work, maybe both.
$NUGT #ShortPuts #IRA – since…
$NUGT #ShortPuts #IRA – since I can’t short DUST Calls in this account to pair off with the DUST Put exposure, I’m going another way.
Sold NUGT May 26 2017 7.0 Puts @ 0.48
Sold NUGT Jun 2 2017 7.0 Puts @ 0.53
Sold NUGT Jun 16 2017 6.0 Puts @ 0.37
FEYE finally!
#CoveredCalls #IRA – Sold FEYE May 5 2017 12.0 Calls @ .96
After months and months of selling I’ll finally be out at a tiny profit. Sold this last batch in earnings week so great premium. Of course, now that my upside is capped, it’ll jump 50 percent on the announcement…LOL
$NUGT #CoveredCalls #IRA – This…
$NUGT #CoveredCalls #IRA – This account has 300 shares long with a basis around 9.00.
Not wanting to be left with a odd number of shares after the reverse split, I’ve rolled down my Apr 21 2017 10.5 Calls to Apr 28 2017 10.0 Calls for a 0.57 Credit with the stock at 9.97
I’m hoping they take the stock next Friday while I make an extra 5% in 7 days.
$SVXY #ShortPuts #IRA – Rolled…
$SVXY #ShortPuts #IRA – Rolled out 1 SVXY April 21 105.0 Put out 1 week for a 1.23 Credit
$UVXY #CoveredCall #IRA – Rolled…
$UVXY #CoveredCalls #IRA – Rolled up my UVXY Apr 23.0 Call one week and up to 24.0 for an 0.80 Credit
$UVXY #CoveredCall #IRA – Rolled…
$UVXY #CoveredCall #IRA – Rolled forward my UVXY Apr 23.0 Call one week for an 0.88 Credit
JPM
#LongCallDiagonals #IRA – Still selling weeklies while she rests…
Bought to Close JPM APR 21 2017 87.0 Calls @ .04 (sold for .47)
Sold JPM APR 28 2017 86.5 Calls @ .45
$NUGT #ShortPuts #IRA – Sold…
$NUGT #ShortPuts #IRA – Sold NUGT May 12 2017 8.0 Puts @ 0.25 for an account that just got most of their NUGT called away at 10.50 on Friday.
$UAA #ShortPuts #IRA – Bought…
$UAA #ShortPuts #IRA – Bought to close UAA Apr 21 2017 17.5 Puts @ 0.01. They won’t trade any lower and it frees up cash for other trades that might expire this week.
A former #FallingKnife trade.
$UVXY #CoveredCalls #IRA #Rollup -…
$UVXY #CoveredCalls #IRA #Rollup –
Bought to close UVXY Apr 13 2017 21.0 Call/ Sold UVXY Apr 21 23.0 Call @ 0.80 Credit.
Plus added 2 points to the strike price.
$UVXY #CoveredCalls #Rollup #IRA –…
$UVXY #CoveredCalls #Rollup #IRA – Bought back my Apr13 21.0 Calls and Sold Apr 21 22.5.0 Calls @ 0.85 Credit.
Not waiting for these to expire(if they even do) and then trying to sell the new ones on Monday.
$UVXY #CoveredCalls #Rollup #IRA -…
$UVXY #CoveredCalls #Rollup #IRA – Bought back my Apr13 21.5 Calls at a gain and Sold Apr 21 23.0 Calls @ 0.85 Credit.
Not waiting for these to expire and trying to sell the new one’s on Monday.
UVXY
#IRA – Adding to an existing position…
Sold UVXY SEP 15 2017 30.0/40.0 Bear call spread @ 1.25
$SVXY #ShortPuts #IRA – covered…
$SVXY #ShortPuts #IRA – covered some of this weeks Puts to get buying power.
Bought to close SVXY APR 13 2017 85.0 Puts @ 0.01. They won’t trade any lower.
Replaced them with:
SVXY MAY 5 2017 82.0 Puts @ 1.05
SVXY MAY 12 2017 75.0 Puts @ 0.95
SVXY MAY 12 2017 70.0 Puts @ 0.75
SVXY
#IRA #ShortPuts – Re-loading but plenty of dry powder for lower strikes.
Sold SVXY MAY 19 2017 90.0 Put @ 2.75
Sold SVXY JUN 16 2017 80.0 Put @ 2.75
Sold SVXY SEP 15 2017 70.0 Put @ 3.25
Sold SVXY JAN 19 2018 60.0 Put @ 4.00
$SVXY #ShortPuts #IRA – No…
$SVXY #ShortPuts #IRA – No need to go out any farther than the weeklys with the stock at 125.
Sold SVXY May 5 2017 83.0 Puts @ 1.05
Sold SVXY May 12 2017 80.0 Puts @ 1.05
Sold SVXY May 19 2017 67.0 Puts @ 0.67
Sold SVXY May 26 2017 65.0 Puts @ 0.65
$NUGT #CoveredCalls #IRA – Sold…
$NUGT #CoveredCalls #IRA – Sold NUGT Apr 13 2017 10.5 Calls @ 0.28. These gapped up this morning.
A Trade and Tid Bits
Trade: BTC $XOP May 19 34 puts @ .31, managed at 50%.
Tid Bits: #education #longterm #IRA
For sometime I’ve been receiving a free newsletter “My Traders’s Journal” authored by Alex Fotopoulos, who writes with an easy-to-read conversational style, explaining the what, why and how he set up his trades, much like our Options Bistro members…no hype, no sales pitches. I’ve posted last Friday’s release below for a couple of reasons: the analysis of April 7 SPY chart and the book of trades he made for the year of 2012, which might help others learning options, I think I remember @optionshane enquiry. So check out the email, blog and book…
SPY Chart – April 7, 2017
http://feedproxy.google.com/~r/MyTradersJournal/stks/~3/LVoammModtw/?utm_source=feedburner&utm_medium=email
Last bit:
Last month @fuzzballl posted a “quick-read” called “The 3% Signal: The Investing Technique That Will Change Your Life” by Jason Kelly. Well, how could I pass up the chance to read an investment book while sunning in PSP for a couple of weeks? Uh, after four weeks, I still haven’t finished the book, largely due to extended pool and happy hour time. So if you are thinking of a method for your long term/IRA accounts take a look at jasonkelly.com. And also checkout some of the analyses of the set up at the url below.
http://www.mymoneydesign.com/personal-finance-2/stocks/does-the-3-signal-investment-strategy-really-work
Thanks @fuzzballl!
NVDA
#IRA #ShortPuts – Caught a downgrade last week by some “expert”. Looks like it’s heading to the 200ma so taking some risk off. I’ll look to sell again during or after earnings.
Bought to Close NVDA APR 21 2017 95.0 Puts @ .87 (sold for 1.75)
Bought to Close NVDA APR 21 2017 100.0 Puts @ 2.95 (sold for 3.10)
SVXY
#ShortPuts – Playing it safe near term. Will be looking out in time and much lower strikes…possibly adding to Jan 2018 strangles.
Bought to Close SVXY MAY 19 2017 80.0 Put @ 1.08 (sold for 1.35)
Bought to Close SVXY JUN 16 2017 70.0 Put Limit @ 1.13 (sold for 3.25)
And in an #IRA :
Bought to Close SVXY APR 21 2017 105.0 Put @ .80 (sold for 2.50)
Bought to Close SVXY APR 28 2017 100.0 Put @ 1.41 (sold for 2.20)
Bought to Close SVXY MAY 5 2017 100.0 Put @ 1.73 (sold for 2.75)
Bought to Close SVXY MAY 12 2017 95.0 Put @ 1.97 (sold for 2.25)
Since this is a smaller IRA that is usually fully invested in SVXY I’m booking these and looking for lower strike opportunities vs getting tied up for months in possibly underwater positions if something crazy happens.
NVDA
#IRA #ShortPuts – Playing it safe….
Bought to Close NVDA APR 21 2017 105.0 Put @ 5.10 (sold for 5.10)
Still holding 100’s and 95’s…
MGM
#IRA #BullPutSpreads – Nearing recent highs so unloading this one…
Bought to Close Apr 21 2017 28/25 Bull Put Spreads @ .60 (sold for 1.60)
SVXY
#ShortPuts #IRA #VXXGame – Sold SVXY MAY 12 2017 95.0 Put @ 2.25
JPM
#LongCallDiagonals – Selling next week’s calls against Jan 2019 long position. In an #IRA so have to roll…
Bought to Close JPM APR 7 2017 90.0 Calls @ .03 (sold for .23)
Sold JPM APR 13 2017 89.0 Calls @ .39
JPM
#IRA #LongCallDiagonals – GS worked nicely so getting back in with a long term modified Whiz trade on JPM. Buying a 2019 call and selling a lower 2019 bull put spread against it to help finance the call purchase. Then…selling front month calls against it. Front month calls only need to bring in 20 cents a week to pay for the opening debit. Risk is stock dropping below 2019 bull put spread but with losses limited I’d get the stock at a reasonable price.
Bought JPM Jan 2019 70 calls and sold Jan 2019 60/50 bull put spreads @ 20.05 debit.
Then:
Sold JPM APR 7 2017 90.0 Calls @ .23
SVXY
#ShortPuts #IRA – Sold SVXY MAY 5 2017 100.0 Put @ 2.75
XIV stock
#IRA – Buy orders in for a few shares every 5 dollar drop all the way to 20. At that point I’ll be in a half position looking to load the boat. Not allowed to trade SVXY in this particular account…
Bought XIV @ 69.95
SVXY
#ShortPuts #IRA – Did manage to squeeze a couple in today…also booking one longer term hoping for a nearer term sale.
Bought to Close SVXY MAR 31 2017 95.0 Put @ .05 (sold for 2.50)
Bought to Close SVXY JUN 16 2017 70.0 Put @ 1.45 (sold for 4.60)
Sold SVXY APR 28 2017 100.0 Put @ 2.20
NVDA adjustment
#ShortStrangles – Been on a nice run so making a minor adjustment. Booking short puts and rolling short calls out to new inverted strangles. Keeping everything near term until we know earnings week. Should be able to roll there for big credit once we know when it is.
Bought to Close NVDA MAR 24 2017 105.0 Puts @ .39 (sold for 2.80)
and:
Rolled Mar 24th 102 Calls to Mar 31st 113/108 inverted strangles @ 1.10 credit.
Definitely don’t mind fighting this a little to the upside with April 95, 100, and 105 short puts in an #IRA …
SVXY
#IRA #ShortPuts – Sold SVXY APR 21 2017 105.0 Put @ 2.50
Replacing the one I closed yesterday…
SVXY
#IRA #ShortPuts – Bought to Close SVXY MAR 17 2017 80.0 Put @ .10 (sold for 2.20)
SVXY
#IRA #ShortPuts – In the “SVXY only” account, adding one at the new weekly available today. As the front week rolls off add a new one at about the 45 day mark. Nice weekly income while waiting.
Sold 1 SVXY APR 13 2017 95.0 Put @ 2.25
IBB
#IRA – Booking this one with plenty of time to sell again. Looks due for a pullback…
Bought to Close IBB JUN 16 2017 225.0 Put @ .95 (sold for 4.00)
SVXY
#IRA #ShortPuts – Closing my highest in the #IRA strike for nice profit and selling a lower one further out.
Bought to Close SVXY MAR 10 2017 100.0 Put @ 1.08 (sold for 2.55)
Sold SVXY APR 7 2017 86.5 Put @ 1.98 (lowest available strike)
IBB
#IRA #ShortPuts – Trimming a little risk here 30 days early…
Bought to Close IBB MAR 17 2017 250.0 put @ .35 (sold for 3.75)
UVXY
#IRA – Sold UVXY SEP 15 2017 30.0/40.0 Bear call spreads @ 1.20
SVXY
#IRA #ShortPuts – Sold SVXY MAR 31 2017 95.0 Put @ 2.50
NVDA
#ShortPuts #IRA – Looking for a bounce eventually…
Sold NVDA APR 21 2017 105.0 Put @ 5.10
Sold NVDA APR 21 2017 100.0 Puts @ 3.10
Sold NVDA APR 21 2017 95.0 Puts @ 1.75
$WDC covered call
$WDC Feb 17 80.00 covered call in #IRA.
Cost 78.14 when stock at 78.55.
Wanted the stock, but if called away on Friday it is a nice bit of cash.
REGN again…
Pretty good week in this ticker…
#ShortPuts #IRA – Bought to Close REGN FEB 17 2017 325.0 Put @ .30 (sold for 7.50)
$NUGT #CoveredCalls #IRA – Repeating…
$NUGT #CoveredCalls #IRA – Repeating last weeks move while pushing up the strike price.
Normally I would let this week’s worthless option roll off and attempt to sell next week’s on Monday.
I’m spending a little to buy back worthless calls but who knows what Monday will bring.
Bought to close NUGT Feb 3 2017 12.0 Calls @ 0.02 (Sold @ 0.14)
Sold NUGT Feb 10 2017 12.5 Calls @ 0.32
SVXY
Sold SVXY MAR 10 2017 100.0 Put @ 2.55
Sold SVXY MAR 24 2017 90.0 Put @ 2.50
SVXY adjustment
OK…here’s what I did…gulp. Since it’s in an #IRA I can’t leave the short call naked so wanted to do something to get it out of the way of the long call profit.
Bought to Close SVXY JUN 16 2017 115.0 Call @ 22.20
Sell to Open SVXY SEP 15 2017 200.0/170.0 Bull put spread @ 24.70
So….a 2.50 credit for the roll and 3.00 for the original call sale for a total of 5.50 on the 30 wide spread. Now let’s say when Sept. rolls around SVXY is trading at 30. I would own 100 shares at a basis of 54.50. Not bad when you factor in all the other shares that would be in the position at much much lower prices from put exercises and outright stock buys…( I actually hope this happens!)
If we don’t get an implosion (not likely) this position would still have a shot at expiring worthless.
Now…the rest of the story:
Still holding Jan. 2019 70 strike long call currently at 65.75 (bought for 43.00) so nicely green. Also still holding Jan 2019 50/30 bull put spreads that are working. I can now manage these as necessary without the short call issue. Seems worth the hassle to hang onto the big gains…
For everyone else that’s looking to re-load on SVXY, this adjustment almost guarantees that the opportunity will be here soon! 🙂 🙂
SVXY
#IRA that is all cash so starting a little nibbling with some #ShortPuts …..
Sold SVXY MAR 17 2017 80.0 Put @ 2.20
Sold SVXY JUN 16 2017 70.0 Put @ 4.60
$NUGT #CoveredCalls #IRA – Repeating…
$NUGT #CoveredCalls #IRA – Repeating last weeks move.
Normally I would let this week’s worthless option roll off and attempt to sell next week’s on Monday. But with NUGT running a bit this morning I’ve decided to roll instead.
I’m spending a little to buy back worthless calls but who knows what Monday will bring.
Bought to close NUGT JAN 27 2017 11.5 Calls @ 0.01 (Sold last Fri @ 0.33)
Sold NUGT Feb 03 2017 11.5 Calls @ 0.23
$NUGT #CoveredCalls #IRA – normally…
$NUGT #CoveredCalls #IRA – normally I would let this week’s worthless option roll off and attempt to sell next week’s on Monday. But with NUGT running hard toward the close I’ve decided to roll instead.
I’m spending a little to buy back worthless calls but who knows what Monday will bring.
Bought to close NUGT JAN 20 2017 12.0 Calls @ 0.01
Sold NUGT JAN 27 2017 12.0 Calls @ 0.23
Bought to close NUGT JAN 20 2017 11.5 Calls @ 0.01
Sold NUGT JAN 27 2017 11.5 Calls @ 0.33
FEYE roll
#CoveredCalls #IRA – Been selling these for months trying to get back to even…finally getting close. Rolling into earnings week for nice credit.
Rolled this week’s 13.0 calls to Feb 3rd 13.0 calls @ .61 credit
NVDA again
#ShortPuts #IRA – Taking a little more risk off for nice profits…
Bought to Close NVDA FEB 3 2017 90.0 Puts @ .29 (sold for 1.70)
Options Bistro 