$NUGT #ShortPuts #OptionLadder – I’m…

$NUGT #ShortPuts #OptionLadder – I’m daring NUGT to go down to get $DUST up above 30 as I have some big short PUT positions in DUST I want to expire.
Sold NUGT Dec 15 2017 24.0 Puts @ 0.40
Sold NUGT Dec 22 2017 22.5 Puts @ 0.27
Sold NUGT Dec 29 2017 23.5 Puts @ 0.63

$AKAM #ShortPuts – Bought to…

$AKAM #ShortPuts – Bought to close AKAM Jan 19 2018 37.5 Puts @ 0.01.
Originally sold in May at 1.15 as a #FallingKnife trade.
Still have the last of the #OptionLadder at 40 for January.

$WDC #ShortPuts #FallingKnife #OptionLadder -…

$WDC #ShortPuts #FallingKnife #OptionLadder – adding a couple of positions with the stock at 78.57
Sold 1 WDC Apr 20 2018 60.0 Put @ 1.35
Sold 1 WDC Jul 20 2018 55.0 Put @ 1.60

$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…


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…


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.