VXX – Covering up the rest of the long stock

Sold to Open VXX May 07 2021 14.5 Call at $0.29
Sold to Open VXX May 07 2021 15.0 Call at $0.26
Sold to Open VXX May 07 2021 15.5 Call at $0.23
Sold to Open VXX May 07 2021 16.0 Call at $0.21
Sold to Open VXX Apr 30 2021 14.0 Call at $0.20
Sold to Open VXX Apr 30 2021 14.5 Call at $0.17
#OptionLadder

VXX – Covering up a bit more stock

Sold VXX Apr 30 2021 14.0 Call at $0.19
Sold VXX Apr 30 2021 14.5 Call at $0.16
#OptionLadder

VXX Covered Calls

Sold VXX Apr 23 2021 12.0 Calls at $0.24
Sold VXX Apr 23 2021 12.5 Calls at $0.20
Sold VXX Apr 23 2021 13.0 Calls at $0.17
VXX is at 10.40
#OptionLadder

#assignment Letting LABU, TQQQ and…

#assignment

Letting LABU, TQQQ and TNA all be called out tomorrow. All profitable but I am exiting the triple game after seeing the tasty trade research.

Also staying out of earnings as much as I can. My earnings track record is not so good, lost on 8 out of 5 when I decided to stay out a few quarters ago. I will stay in them if I already have #fuzzy on.

Making enough money just doing #pietrades, #fuzzy, #hedges, and Pie trade #optionladder that I can stick with those. May be boring to some, but it is mechanical and it works. 2 accounts hit all time highs the last 2 weeks and both had SVXY in them. 2 down, 1 to go but that was the biggest loss and will take more time but on a portfolio basis I am back above my cost basis so technically all the losses have been covered 🙂

20 months to break even.

Plan not to ever do that again 🙂 🙂

And the hedges will help, see below.

AMAT adding in Jan

At a lower strike
Sold $AMAT Jan 18 2019 35 puts @ 1.25

#optionladder

Weekly vs monthly options or…

Weekly vs monthly options or #pietrades vs #optionladder

Not trying to sound greedy but after I converted a lot of #pietrades to #fuzzies and #optionladder, the decay is A LOT slower. Like watching paint dry but there are some advantages and disadvantages. Had a lot of time to think about trading this weekend with tropical storm and hurricane on the way.

Advantages:
higher premiums up front
less frequent adjusting
lower gamma risk, it can move around more before it hurts the overall position.
less trading=less commissions and fewer trades to monitor
easier to adjust
less intensive trading

Disadvatages:
slower premium decay, much slower my theta is half of what it usually is
less overall premium, you get more up front but 4 weeks of ATM options is a lot more premium than 1 option sale
fewer positions
in the case of diagonals or multi strike calendars, harder to adjust with monthlies. Weeklies let you simply roll up/down/out
less compounding effect, my back of the note pad answer is about 15-20% less annualized returns compared to weeklies

So which one wins? Depends on your goals. Personally I am trying to grow accounts so I will be sticking with mostly weekly and #pietrades. The compounding effects more than offset the additional work.

If you already have everything you need, then #optionladder would probably make more sense.

Some days/months trading is easy, other not so much. These last 6 weeks have been hard for me after earnings went bad and not a lot of time to trade. If it was easy everyone would do it and be good at it.

Thanks again for the ideas. I finally close a lot of these trades in 11 days and can re-deploy capital.

#cat4, #optionladders

#optionladder STO UTX 25 DTE…

#optionladder

STO UTX 25 DTE 126 put at 1.13. Good support at 129 and 125.

#pietrades, #optionladder, and #spycraft Spent…

#pietrades, #optionladder, and #spycraft

Spent last hour looking for trades this week after finishing taxes :). Not much in the way of #pietrades for the week, everything is extended and the decrease in vol sucked out some of the juicy premiums.
The best I can find is the BIB 62-63 CC depending on how aggressive you want to be. Other option is the put side but have to stay close to the money to get any good premium.
Also looking and ANDV (the old TSO) around the 100-103 level either CC or puts, your choice they are at parity.
GM assigned over the weekend, will sell 39 CC a few weeks out. Cost basis 39.3.
LNG already set up for Friday at the 55 CC.

With that in mind, may go out 26 DTE today 25 tomorrow and set up some ladders to give some more downside protection. Bunch of tickers there, AMGN, ANDV, CVX, MAR, MON, NKE, NSC, UNP, PSX, UAL, VLO, XBI. The 20 delta puts all have good premiums on these and don’t mind taking some shares if assigned.

#spycraft on hold. Looking back the last several weeks, the expected move on SPX/ES/SPY has been exceeded 3 out of the last 5 weeks both to the up and down side. That means the options are not priced correctly, we are not making enough for the risk. Once the pricing is back in line, or the vol. is higher to reflect the movement of SPY will restart. Also going forward will manage by buying in between the strikes if it looks like the short strike will be breached. See previous discussions for the specifics.

Hope everyone had a good weekend!

Will decide what to do with some of these trades at lunch time tomorrow.

$SVXY #ShortPuts #IRA – extending…

$SVXY #ShortPuts #IRA – extending an existing #OptionLadder
Sold 1 SVXY MAR 16 2018 60.0 Put @ 1.50
Sold 1 SVXY MAR 23 2018 60.0 Put @ 2.05

$CHRW #ShortPuts – Bought to…

$CHRW #ShortPuts – Bought to close CHRW Jan 19 2018 60.0 Puts @ 0.05.
This was part of a #FallingKnife #OptionLadder that is now closed out.
Originally sold at 1.15 in May 2017 and added to at 1.45 and 1.75

#optionladder STO SWKS 39 DTE…

#optionladder

STO SWKS 39 DTE 102 put at 1.35 at the open, should have waited better prices now.

FYI for those trading today…

FYI for those trading today looks like the CBOE released the next weekly cycle a day early but volume is really low on them right now.

STO SWKS 37 DTE 104 puts at 1.55. Starting new #optionladder

Have a great Thanksgiving! I am done for the week unless good volatility on Friday.

#shortstrangles Finally have time to…

#shortstrangles

Finally have time to look at the market, I see we bounced from the lows this morning. That did not last long but at least the VIX is high enough to sell some /ES again.

STO only 2 contracts 44 DTE /ES 2360 put at 6 and 2660 call at 2.25. Market makers sticking with natural price today, could not get the mid point.

Only have enough cash for 1-2 of these each week. Plan is to add another one each W-F starting as close to 45 DTE as possible and harvest profits in 3-4 weeks as an #optionladder.

An extended move in either direction will use the future to hedge which currently requires 6k for each contract.

These are delta 8 options and usually decay to delta for in 3-4 weeks.

#optionladder STO EOG 46 DTE…

#optionladder

STO EOG 46 DTE 97 put for 1.05, 1.03, 1.02. Weird the market makes did not do them as a batch, usually means they are being greedy.

Quiet week

Closed the /cl trade for an $800 (was 2k at 0600) loss. I hedged the move this morning by going long 3 futures but then had a meeting. By the time I came back the big move was over so closed everything out. I think it would have worked out eventually but was using up too much margin for some other things I want to do. Will revisit or go back to /es since they have weeklies and easier to manage.

It also confirms the way for me to trade directionally is to sell options. I just seem to always miss the big pivots/reversals because my schedule does not allow me to watch the market. If I could sit and watch all day (which I don’t want to) I think I have the tools and skills to do it, just not for me. I have always had more success selling options and that is what I will do from now on but will take a slightly directional bias to hopefully improve returns. However based on the TT research I may move my ladders out a little farther to 45 DTE and see if I can recycle capital faster. Currently using 21-28 DTE on the #optionladder. The big decay on OTM options is usually that first 2-3 weeks.

Rolled GILD 77.5 out 11-17 to 12-15 for avg. 0.99 credit. Cost basis now 75.5. Stock currently 72.8 so getting close to a break even.

SVXY one for the team, STO 11/17 100 put at 1.79.

I tried to sell some TNA puts at 60 for 15 DTE but the bid ask was 0.29-1.9 and once I got to 1.5 and the market makers would not bite made me realize the liquidity is probably not there so cancelled it.

Going biking, we are finally cold enough here to kill the ticks and chiggers so can go mt bike in the woods again 🙂 without getting all itchy or funky tick borne illnesses 😦

Have a great weekend, that’s all I have, next week is a large expiration but done trading this week unless there is something really exciting tomorrow.

Will start the small account SPY credit spreads experiment @jeffcp66 style once some CC calls expire next week (monday 11/20). It is a small account 6200 so will set up ladders using 3-5 point spreads on the SPY and each week add one. Once 3-4 weeks on the ladder let the expiring ones close or roll them into new ones. My goal is to double it in a year or even even better like Don Fishback is claiming, they had a 300% return on the SPY credit spreads last 12 months. I saw the spreadsheet with the trades but they whited out just enough information that I could not tell the dates of the losing trades so cannot see how they closed them. Looked like there were only 3-4. From what I can tell, partial loss, they did not let it go full loss. But with @jeffcp66 tactics we may be able to scratch them or even turn into a winner. Will see!

Cheers!

$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.

$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.

$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.

$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

$CHRW #ShortPuts – Bought to…

$CHRW #ShortPuts – Bought to close CHRW Jan 19 2018 55.0 Puts @ 0.05. They won’t trade any lower and don’t expire until next year.
Originally sold on 7/20/17 at 1.35 and 1.55.
The rest of the #OptionLadder on this stock, the 57.5 and 60.0 Puts for January, also have a current bid at 0.05. Just waiting for the fills on the buy back orders.

$LB #ShortPuts – Bought to…

$LB #ShortPuts – Bought to close 1 LB Nov 17 2017 35.0 Put @ 0.05. It won’t trade any lower.
Originally sold at 1.35.
Other rungs of the #OptionLadder on this stock are the LB Jan 19 2018 32.5 Put @ 1.35 and the LB Feb 16 2018 30.0 Put @ 1.25. Both are doing fine.

$CELG #ShortPuts #FallingKnife #OptionLadder -…

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

$APA #ShortPuts #OptionLadder – Bought…

$APA #ShortPuts #OptionLadder – Bought to close APA Oct 20 2017 42.5 Puts @ 0.50 to avoid possible assignment of this ITM position.
Sold these in April at 1.37 and again at 1.57, so still a nice gain.
Still short today’s 40 Puts, plus Jan 37.5 and 35 Puts, and April 32.5 Puts for a nice #OptionLadder

$AGN #ShortPuts #OptionLadder – sold…

$AGN #ShortPuts #OptionLadder – sold these on the opening with the stock at 184.31
AGN MAY 18 2018 125.0 Puts @ 1.52
AGN MAR 16 2018 135.0 Puts @ 1.28
AGN FEB 16 2018 140.0 Puts @ 1.21
AGN JAN 19 2018 150.0 Puts @ 1.36

Shotgun trades, new #optionladder Setting…

Shotgun trades, new #optionladder

Setting up some new ladders in names with good premium. Some have earnings in a few weeks.

STO EOG 11/3 93 put at 1
GILD 11/3 79 put at 1.04
MU 11/3 39 put at 0.93

Will add new trades each week until 3-4 rolling weeks on the ladders.

BTC 11/3 XBI 79 put at 0.23. Sold 0.94. Premiums dried up on this since it went booster phase. Should improve with next big pull back. Only 1 week left on the ladder on this then will be out until the premiums improve again.

#optionladder BTC XBI 21 DTE…

#optionladder

BTC XBI 21 DTE 80 put for 0.22. Sold for 1.01. Holding off on adding to the ladder since this thing went parabolic last 2 months. When it pulls back will re-establish.

Also freeing up cash/margin for when things look better from an option selling stand point.

Last trade of the week for me, hope everyone has a good expiration and weekend!

#optionladder BTC XBI 10/20 78…

#optionladder

BTC XBI 10/20 78 put for 0.16. Sold for 0.94. No point in leaving the risk for $16 in theta over 21 days.

Sometime the market gods giveth, sometimes they taketh away. No point in tempting the market gods!

#longcalldiagonals

Apparently the SPX and SVXY only go up forever although the charts are starting to look like 2000 and 2008 so there may be a lot of irrational exuberance. So my SVXY 78 call (14 DTE) which I just rolled last week is still DITM and the time value was down to 0.12 so rolled to 28 DTE 78 for 1.15 credit. Brings cost basis down to 10.97 and 16.05 depending on lot.

Now profit is $5312 in 7 weeks on 4 contracts and I am not complaining but if I had not sold the short calls and just did the synthetic long with the protective put would be up 7k+.

I will try to roll it up if we ever get a pullback but right now so far ITM hard to roll it up for a credit unless I go way out in time.

Maybe better just to sell puts on this one and take assignment to go long or start a synthetic long on a volatility spike. Will keep the experiment going, there are still 68 weeks left for it to play out but the first 7 weeks are promising!

I am done paying for option services but Fishback just made their high accuracy options DVD available for $99. Usually sells for $2000. I doubt there is anything earth shattering in it, but they had 300% returns confirmed last year so for $99 I think it is worth taking a look. I will get it and if I discover anything new pass it along. Tripling an account in 1 year would certainly help anyone’s bottom line and I believe that included about 5 losses, not sure if it went full loss or they closed it early or were able to roll it and that is what I am interested in. I think they stick with SPY and QQQ.

If any

#optionladder STO XBI 11/3 79…

#optionladder

STO XBI 11/3 79 put at 0.93. Added a 4th week to the ladder.

The OTM options on this decay fairly quickly so open 30-40 DTE and usually roll when they have 1-2 weeks left so they are not open until expiration. Works well like tastytrade style but you can usually get more than 50% out of it before rolling.

$AZO #ShortCalls #OptionLadder – sold…

$AZO #ShortCalls #OptionLadder – sold these on this morning’s gap at 562.0 Paired with long term short Puts.
Sold AZO SEP 15 2017 580.0 Calls @ 0.40 – these expire Friday
Sold AZO SEP 22 2017 660.0 Calls @ 0.60
Sold AZO SEP 29 2017 660.0 Calls @ 0.90

$SVXY #ShortPuts #OptionLadder – watching…

$SVXY #ShortPuts #OptionLadder – watching my SVXY Sep 8 2017 76.0 Puts expire. Replacing them.
Sold SVXY Oct 6 2017 65.0 Puts @ 2.11.

$LB #CoveredCalls #OptionLadder – with…

$LB #CoveredCalls #OptionLadder – with the stock at 39.87
Sold LB Nov 17 2017 47.5 Calls @ 0.85
Sold LB Jan 19 2018 50.0 Calls @ 0.90

$SVXY #ShortPuts – rolling a…

$SVXY #ShortPuts – rolling a large SVXY short Put position.
I broke it up, making it an #OptionLadder.
Bought to close SVXY Aug 11 2017 81.0 Puts/Sold SVXY Aug 25 2017 79.0 Puts @ 0.30 Credit
Bought to close SVXY Aug 11 2017 81.0 Puts/Sold SVXY Sep 1 2017 77.5 Puts @ 0.39 Credit
Bought to close SVXY Aug 11 2017 81.0 Puts/Sold SVXY Sep 8 2017 76.0 Puts @ 0.25 Credit
Bought to close SVXY Aug 11 2017 81.0 Puts/Sold SVXY Sep 29 2017 75.0 Puts @ 0.35 Credit

$SVXY #ShortPuts #OptionLadder – After…

$SVXY #ShortPuts #OptionLadder – After hours fills coming in bunches as the stock gives up 3 more points after hours.
Sold 1 SVXY Aug 18 2017 64.0 Put @ 2.03 with the stock at 72
Sold SVXY Aug 18 2017 55.0 Puts @ 0.69
Sold 1 SVXY(Weekly) Sep 1 2017 50.0 Put @ 1.24
Sold SVXY(Weekly) Sep 8 2017 40.0 Puts @ .80
Sold 1 SVXY(Weekly) Sep 8 2017 45.0 Put @ 1.09
Sold 1 SVXY Sep 15 2017 42.5 Put @ 1.29
Sold 1 SVXY Sep 15 2017 41.0 Put @ 1.09
Sold 1 SVXY Sep 15 2017 40.0 Put @ 1.09
Sold 1 SVXY(Weekly) Sep 22 2017 45.0 Put @ 1.67

$SVXY #ShortPuts #OptionLadder – staying…

$SVXY #ShortPuts #OptionLadder – staying way out of the money and small with the stock at 82
Sold SVXY AUG 25 2017 50.0 Puts @ 0.46
Sold SVXY SEP 1 2017 50.0 Puts @ 0.50
Sold SVXY SEP 8 2017 50.0 Puts @ 0.87

$PRGO #ShortPuts #FallingKnife #OptionLadder –…

$PRGO #ShortPuts #FallingKnife #OptionLadder – sold these this morning.
Sold 1 PRGO NOV 17 2017 55.0 Put @ 1.30 with the stock at 67.09.
Sold 1 PRGO Jan 19 2018 50.0 Put @ 1.15 with the stock at 67.13.
The three year low is 65.47 from this past April.

$ABC #ShortPuts #FallingKnife #OptionLadder -…

$ABC #ShortPuts #FallingKnife #OptionLadder – sold these this morning.
Sold 1 ABC NOV 17 2017 70.0 Put @ 1.15 with the stock at 80.38
Sold 1 ABC Jan 19 2018 67.5 Put @ 1.25 with the stock at 80.72.
The three year low is 68.38

$UVXY #ShortCalls #VXXGame #OptionLadder -…

$UVXY #ShortCalls #VXXGame #OptionLadder – Finally a spike !!!
Sold UVXY Aug 4 2017 60.0 Calls @ 0.32
Sold UVXY Aug 11 2017 60.0 Calls @ 0.51
Sold UVXY Aug 18 2017 60.0 Calls @ 1.23
Sold UVXY Aug 25 2017 60.0 Calls @ 1.25
Sold UVXY Sep 1 2017 60.0 Calls @ 1.93

$GWW #CoveredCalls – Sold GWW…

$GWW #CoveredCalls – Sold GWW Oct 20 2017 190 Call @ 1.70 with the stock at 169.98.
Over-writing the long stock position a bit while creating an #OptionLadder in the calls to go along with a big October #OptionLadder in the Puts

$GPC #ShortPuts #FallingKnife #OptionLadder -…

$GPC #ShortPuts #FallingKnife #OptionLadder – a new one today with the stock at 83.21.
Sold 1 GPC NOV 17 2017 75.0 Put @ 1.50
Sold 1 GPC FEB 16 2018 70.0 Put @ 1.45
The 3 year low on the stock is 76.50.

$NUGT #ShortPuts #OptionLadder – in…

$NUGT #ShortPuts #OptionLadder – in an account with a large $DUST short Put position I sold the following
Sold 1 NUGT Jul 14 2017 28.0 Put @ $1.07
Sold 1 NUGT Jul 21 2017 27.0 Put @ $1.14
Sold 1 NUGT Jul 28 2017 26.0 Put @ $1.22

$SVXY #ShortPuts #OptionLadder – not…

$SVXY #ShortPuts #OptionLadder – not going too far past the split date. I’ll let these expire.
Sold SVXY JUL 21 2017 80.0 Puts @ 0.43
Sold SVXY JUL 28 2017 80.0 Puts @ 0.83
Sold SVXY AUG 4 2017 80.0 Puts @ 1.15
SVXY AUG 18 2017 70.0 Puts @ 1.40

$SVXY #ShortPuts #IRA #OptionLadder -…

$SVXY #ShortPuts #IRA #OptionLadder – in some IRA accounts that still had a little unused cash –
Sold SVXY JUN 30 2017 137.0 Puts @ 0.35 – Expires tomorrow
Sold SVXY JUL 21 2017 111.0 Puts @ 1.60
Sold SVXY JUL 21 2017 107.0 Puts @ 1.30
Sold SVXY JUL 28 2017 90.0 Puts @ 1.09

$UVXY #ShortCalls #VXXGame #OptionLadder -…

$UVXY #ShortCalls #VXXGame #OptionLadder – added on to all these positions today –
Sold UVXY Jun 30 2017 12.5 Calls @ 0.36 – expires tomorrow
Sold UVXY Jul 7 2017 18.0 Calls @ 0.27
Sold UVXY Aug 18 2017 23.0 Calls @ 1.11
Sold UVXY Sep 15 2017 60.0 Calls @ 0.67
Sold UVXY Dec 15 2017 37.0 Calls @ 1.93
Sold UVXY Jan 19 2018 60.0 Calls @ 1.38
Sold UVXY Jan 18 2019 60.0 Calls @ 2.10

#optionladder STO XBI Jul 21…

#optionladder
STO XBI Jul 21 and 28 76.5 and 77 puts at 0.92 and 1.

Will add new trade every Thurs. or Friday until 4 week ladder set up. Then roll each week there is expiration or the value drops below 0.20.

Rainy day vacation trades. First…

Rainy day vacation trades. First full on rain day all week, we had a few tstorms but they were short lived.

Not a bad week of profits for being on vacation.

Hope everyone has a good expiration.

#ladders
Rolled Jul 7 WDC 84 puts to 8/4 for 1.47 credit. Sold for 0.97 3 weeks ago.
STO Jul 28 SWKS 95 puts at 1.2. Could add another week because of VW diesel money just hit the account, thanks to VW and Bosch for screwing up the software I get to add another week to the ladder.
Rolled 6/23 WDC 87 puts to 6/30 90 puts for 0.85 and 0.65 credit. Originally sold for 1.53. Things up 3 points today so lost .20 in the time it took me to change platforms.

Next week should be busier, have multiple SVXY, WDC, SWKS and other ladders expiring.

Have a great weekend, sun just poked out here!

#optionladder

#optionladder Rolled this week SVXY…

#optionladder
Rolled this week SVXY 115 puts to Jul 14 for 1.18 credit. Originally sold 2 weeks ago for 1.24.

$RRC #ShortPuts #OptionLadder – Sold…

$RRC #ShortPuts #OptionLadder – Sold 1 RRC DEC 15 2017 19.0 Put @ 1.40 with the stock at 21.91.
This replaces the RRC Jun 16 2017 24.0 Put I covered at 0.50 on Friday to avoid assignment.

$MYL #ShortCalls – Bought to…

$MYL #ShortCalls – Bought to close MYL JUL 21 2017 45.0 Calls @ 0.01. They won’t trade any lower and still have 31 days until expiration.
Originally sold on 3/9/2017 @ 2.89.
Still short a partial #OptionLadder with Oct 47.50 and Jan 50 Calls.

#optionladder STO Jul 28 WDC…

#optionladder

STO Jul 28 WDC 80 puts at 1.5

$JWN #ShortPuts – Bought to…

$JWN #ShortPuts – Bought to close 1 JWN JUL 21 2017 32.5 Put @ 0.01. It won’t trade any lower.
Still 32 days until expiration.
Originally sold on 1/18/2017 at 1.20.
I still have some of the #OptionLadder left with short Oct and Jan Puts.

$UVXY #ShortCalls – Sold these…

$UVXY #ShortCalls – Sold these this morning at the opening. An #OptionLadder of sorts.
Sold 1 UVXY Jun 23 2017 16.5 Call @ 0.22
Sold 2 UVXY Jun 23 2017 17.0 Calls @ 0.22
Sold 3 UVXY Jun 23 2017 17.5 Calls @ 0.22
The stock ran out of gas before orders at 18 and 18.5 could fill.

$SVXY #ShortPuts #OptionLadder – Sold…

$SVXY #ShortPuts #OptionLadder – Sold all the following this morning
Sold SVXY Jun 23 2017 99.0 Puts @ 0.53 – these expire next Friday
Sold SVXY Jun 30 2017 99.0 Puts @ 0.83
Sold SVXY Jul 7 2017 95.0 Puts @ 0.93
Sold 1 SVXY Jul 14 2017 90.0 Put @ 1.03
Sold 1 SVXY Jul 21 2017 90.0 Put @ 1.33
Sold 1 SVXY Jul 28 2017 90.0 Put @ 1.66
Sold 1 SVXY Aug 18 2017 90.0 Put @ 2.43
Sold 1 SVXY Sep 15 2017 85.0 Put @ 2.53

$SVXY #ShortPuts – Sold these…

$SVXY #ShortPuts #OptionLadder – I sold these with SVXY at 150.
The stock would need to drop by more than half to make me wrong.
Sold SVXY JUL 14 2017 75.0 Puts @ 0.65
Sold SVXY JUL 21 2017 75.0 Puts @ 0.90
Sold SVXY Aug 18 2017 75.0 Puts @ 1.40

$JWN – Nordstrom no longer…

$JWN – Nordstrom no longer a #FallingKnife after today’s news.
Already short this #OptionLadder
JWN JUL 21 2017 32.5 Puts
JWN OCT 20 2017 32.5 Puts
JWN JAN 19 2018 30.0 Puts

$GWW #ShortPuts #OptionLadder – sold…

$GWW #ShortPuts #OptionLadder – sold all these today
Sold 1 GWW OCT 20 2017 145.0 Put @ 1.50
Sold 1 GWW DEC 15 2017 135.0 Put @ 1.40
Sold 1 GWW JAN 19 2018 130.0 Put @ 1.25

$DUST #ShortCalls #OptionLadder – sold…

$DUST #ShortCalls #OptionLadder – sold a bunch of calls on the run above 34
Sold DUST May 19 2017 45.0 Calls @ 0.70
Sold DUST Jun 2 2017 49.0 Calls @ 0.85 – Highest strike
Sold DUST Jun 16 2017 51.0 Calls @ 1.25

$NUGT #ShortPuts #OptionLadder – Selling…

$NUGT #ShortPuts #OptionLadder – Selling more to force DUST up 🙂
Sold NUGT Jun 2 2017 7.5 Puts @ 0.49
Sold NUGT Jun 2 2017 7.0 Puts @ 0.36

SVXY #ShortPuts #OptionLadder – sold…

SVXY #ShortPuts #OptionLadder – sold all these today at life of contract highs with SVXY @ 122
SVXY May 12 2017 75.0 Puts @ 1.17
SVXY May 12 2017 80.0 Puts @ 1.59
SVXY May 12 2017 85.0 Puts @ 1.92
SVXY May 12 2017 90.0 Puts @ 2.61

$NUGT #CoveredCalls #OptionLadder – partially…

$NUGT #CoveredCalls #OptionLadder – partially covered with long stock, with a few short puts thrown in. All with the stock at 11.
Sold NUGT MAY 5 2017 13.5 Calls @ 0.37
Sold NUGT MAY 12 2017 14.0 Calls @ 0.43
Sold NUGT MAY 19 2017 15.0 Calls @ 0.40
Sold NUGT MAY 26 2017 15.5 Calls @ 0.43
Sold NUGT JUN 16 2017 16.0 Calls @ 0.64
Sold NUGT SEP 15 2017 18.0 Calls @ 1.25

$SVXY #ShortPuts – a couple…

$SVXY #ShortPuts #OptionLadder – a couple of fills
Sold SVXY Mar 31 2017 99.0 Puts @ 0.38 – these expire in a week
Sold 1 SVXY MAY 19 2017 70.0 Put @ 1.10
Sold 1 SVXY MAY 19 2017 75.0 Put @ 1.30
Sold 1 SVXY MAY 19 2017 80.0 Put @ 1.75
Sold 1 SVXY MAY 19 2017 85.0 Put @ 2.15

$SVXY #ShortPuts – sold some…

$SVXY #ShortPuts #OptionLadder – sold some on the late move down to 131
Sold SVXY Mar 31 2017 95.0 Puts @ 0.40 – these expire next week
Sold SVXY Mar 31 2017 99.0 Puts @ 0.58 – these expire next week
Sold SVXY Mar 31 2017 100.0 Puts @ 0.60 – these expire next week
Sold SVXY Apr 7 2017 86.5 Puts @ 0.45
Sold SVXY Apr 13 2017 85.0 Puts @ 0.65
Sold 1 SVXY May 5 2017 81.0 Put @ 1.10 – lowest strike
Sold 1 SVXY May 19 2017 80.0 Put @ 1.65
Sold 1 SVXY May 19 2017 75.0 Put @ 1.25
Sold SVXY May 19 2017 70.0 Puts @ 0.95

$SVXY #ShortPuts – starting my…

$SVXY #ShortPuts – starting my May #OptionLadder with the stock breaking below 136.
Sold 1 May 19 2017 75.0 Put @ 1.05
Sold 1 May 19 2017 80.0 Put @ 1.40
Sold 1 May 19 2017 85.0 Put @ 1.75

$SIG – nice bounce this…

$SIG – nice bounce this morning. I’m short a pretty extensive #OptionLadder

$TRIP #ShortPuts #FallingKnife #OptionLadder –…

$TRIP #ShortPuts #FallingKnife #OptionLadder – added this one
Sold 1 TRIP JUN 16 2017 38.0 Put @ 1.15

$TRIP #ShortPuts #FallingKnife #OptionLadder -…

$TRIP #ShortPuts #FallingKnife #OptionLadder – sold these this morning
Sold 1 TRIP SEP 15 2017 35.0 Put @ 1.30
Sold 1 TRIP JUN 16 2017 40.0 Put @ 1.60

$NUGT #ShortPuts – adding to…

$NUGT #ShortPuts – adding to my #OptionLadder with the stock at 12.
NUGT MAR 10 2017 9.0 Puts @ 0.26
NUGT MAR 24 2017 9.0 Puts @ 0.50
NUGT MAY 19 2017 8.0 Puts @ 0.93

$NUGT #ShortPuts #OptionLadder – a…

$NUGT #ShortPuts #OptionLadder – a while back I was selling DUST puts so that NUGT would go up. And it did.
Now I’m selling NUGT Puts so the DUST will go back up.
Sold NUGT MAR 10 2017 9.0 Puts @ 0.26
Sold NUGT MAR 17 2017 9.0 Puts @ 0.37
Sold NUGT MAR 24 2017 9.0 Puts @ 0.49
Sold NUGT APR 21 2017 7.0 Puts @ 0.37

$SVXY #ShortCalls #OptionLadder – given…

$SVXY #ShortCalls #OptionLadder – given what this stock has done recently, this is a bit of a speculation.
Sold 1 SVXY JAN 13 2017 107.0 Call @ 1.50
Sold 1 SVXY JAN 20 2017 110.0 Call @ 1.50
Sold 1 SVXY JAN 27 2017 113.0 Call @ 1.50

$SVXY #ShortPuts #OptionLadder – added…

$SVXY #ShortPuts #OptionLadder – added more short puts
Sold SVXY Feb 17 2017 55.0 Puts @ 0.80
Sold SVXY Mar 17 2017 55.0 Puts @ 1.65
Sold SVXY Jun 16 2017 55.0 Puts @ 3.80

$DUST $ShortPuts #OptionLadder – Now…

$DUST $ShortPuts #OptionLadder – Now I’ve sold these as DUST hits 47
Sold DUST Jan 6 2017 40.0 Puts @ 0.80
Sold DUST Jan 13 2017 35.0 Puts @ 0.70
Sold DUST Jan 27 2017 30.0 Puts @ 0.90
Sold DUST Jan 27 2017 25.0 Puts @ 0.30

$DUST $ShortPuts #OptionLadder – sold…

$DUST $ShortPuts #OptionLadder – sold these on the spike in the gold miners
Sold DUST Dec 30 2016 45.0 Puts @ 0.40 – these expire tomorrow
Sold DUST Jan 6 2017 41.0 Puts @ 0.65
Sold DUST Jan 20 2017 35.0 Puts @ 0.90
Sold DUST Jan 27 2017 30.0 Puts @ 0.65

$DUST #ShortPuts – Sold DUST…

$DUST #ShortPuts – Sold DUST Jan 6 2017 45.0 Puts @ 0.45 with the stock at 57.09.
Paired with an #OptionLadder in the calls, all sold at the $85 strike price in mid December.

$ILMN #ShortPuts #FallingKnife #OptionLadder -…

$ILMN #ShortPuts #FallingKnife #OptionLadder – sold these early today
Sold ILMN Dec 9 2016 118.0 Puts @ 0.60 – these expire in two days
Sold ILMN Dec 16 2016 115.0 Puts @ 0.75
Sold ILMN Dec 23 2016 110.0 Puts @ 0.70
Sold ILMN Dec 30 2016 105.0 Puts @ 0.65

$UVXY #ShortPuts #OptionLadder – yes…

$UVXY #ShortPuts #OptionLadder – yes you read that right 🙂
Sold UVXY DEC 23 2016 8.0 Puts @ 0.28
Sold UVXY DEC 30 2016 7.5 Puts @ 0.26
Sold UVXY JAN 6 2017 7.0 Puts @ 0.22
If they don’t expire or get covered for a penny I suspect they will be easy to roll.

$SVXY #CoveredCalls #OptionLadder – I’ve…

$SVXY #CoveredCalls #OptionLadder – I’ve been selling all day against my stock acquired 6 days ago at 65. I don’t care if it’s called away. Remember the 1st rule of selling options.

Sold SVXY Nov 25 2016 82.0 Calls @ 1.15 with the stock at 78.72
Sold SVXY Dec 02 2016 85.0 Calls @ 1.05 with the stock at 78.86
Sold SVXY Dec 09 2016 85.0 Calls @ 1.85 with the stock at 78.86
Sold SVXY Dec 23 2016 85.0 Calls @ 3.50 with the stock at 79.14
Sold SVXY Dec 23 2016 90.0 Calls @ 1.75 with the stock at 78.94
Sold SVXY Dec 23 2016 85.0 Calls @ 4.00 with the stock at 78.88
Sold SVXY Dec 30 2016 90.0 Calls @ 2.15 with the stock at 78.65
You may be able to get higher prices now.