$BOIL #ShortCalls #NatGas – Along with my short Puts on KOLD, I also sold some calls on BOIL.
Sold BOIL Jan 15 2016 23.0 Calls @ 0.30
Sold BOIL Jan 15 2016 24.0 Calls @ 0.30
Sold BOIL Jan 15 2016 25.0 Calls @ 0.30
These expire in a bit more than 2 weeks.
Tag Archives: NatGas
$KOLD #ShortPuts #NatGas – some…
$KOLD #ShortPuts #NatGas – some of these may be assigned in about 2 1/2 weeks, but since I am short some Feb and May 136/140 calls, it’s all good.
Sold 1 KOLD Jan 15 2016 114.0 Put @ 2.40
Sold 1 KOLD Jan 15 2016 115.0 Put @ 2.30
Sold 1 KOLD Jan 15 2016 116.0 Put @ 3.20
Sold 1 KOLD Jan 15 2016 117.0 Put @ 2.70
Sold 1 KOLD Jan 15 2016 118.0 Put @ 3.90
Sold 1 KOLD Jan 15 2016 119.0 Put @ 4.10
Sold 1 KOLD Jan 15 2016 120.0 Put @ 4.30
Sold 1 KOLD Jan 15 2016 121.0 Put @ 4.70
Sold 1 KOLD Jan 15 2016 122.0 Put @ 4.90
Sold 1 KOLD Jan 15 2016 123.0 Put @ 5.20
Sold 1 KOLD Jan 15 2016 124.0 Put @ 5.50
Sold 1 KOLD Jan 15 2016 125.0 Put @ 5.80
Sold 1 KOLD Jan 15 2016 126.0 Put @ 6.20
Sold 1 KOLD Jan 15 2016 127.0 Put @ 6.60
These are horribly illiquid so sales need to execute on the opening on a big down day, like these did.
KOLD you so…
Spike spikey.. this one may never go down again. IMHO traders think they are smarter than market… global warming means no one will ever need Nat Gas again; easy to see 500 in the cards. See my previous posts going back to the 80’s on how to avoid this. Newbies may have face ripped off!
(For those who were not members of OptionMarketMentor, that was a reference you won’t get, but just know that it is funny)
And now in all seriousness, as Iceman indicates, these things can have violent moves. Look at Monthly chart of $KOLD and see what happened last time we got this high. If you aren’t trading this, don’t start now! I am rolling out of my December short calls in various ways, including rolls to new calls, reverse rolling to puts, buying stock, and selling new puts. I have also closed some puts for .10 & .15, which releases about 5K in margin per option!
BTO 100 shares for 217.55 (adding to some bought at 187)
BTC Dec 18th 149 puts for .15. Sold for 1.80 on 12/10
BTC Dec 18th 155 puts for .15. Sold for 2.60 on 12/8
BTC Dec 18th 135 put for .10. Sold for 2.90 on 12/3
BTC Dec 18th 118 call for 99.60. Sold for 20.00 on 11/11
STO Dec 18th 200 puts for 2.80
STO Jan 15th 210 put for 21.90
Options Bistro 