SPX wild ride

#SPXcampaign $SPX What a fun day! Lots of action. Ended up rolling 4 put spreads: 2 into condors, one into further puts and one into calls. Here are trades that I did not post earlier:

Closed on GTC orders:
Aug 25th 2520/2545 call spreads for .20. Sold for 1.90 on July 27th
Aug 18th 2505/2530 call spreads for .20. Sold as part of a #CondorRoll for 6.70 on July 19th

Stop and Roll:
Closed Sep 8th 2375/2350 put spreads for 2.95. Sold for 1.50 on Tuesday.
#Rolling Sold Sep 15th 2310/2285 put spreads for 2.05 (1.5x position size).

Closed Aug 25th 2395/2370 put spreads for 3.40. Sold for 1.35 on July 25th.
#ReverseRoll Sold Aug 25th 2480/2505 call spreads for 3.50.

Standard Campaign Spread:
Sold Sep 8th 2510/2535 call spreads for 1.75.

Taking Profits
Bought to close Aug 21st 2480/2505 call spreads for 2.20. Sold for 8.90 on Monday. This was an extra spread I threw on, and I decided to close it now in case we’ve seen the bottom. I have two spreads that were sold ITM and are now just OTM that I will watch as I don’t want them to fall back way-ITM again.


#ShortCalls #ReverseRoll – Moving my lowest strike Jan 2018 short calls over to the put side. The last time I did this I rolled to out of the money naked puts and we imploded and I was stuck with some underwater stock for months. This time rolling to higher put strikes but using spreads. If we implode now I’ll still get stock at a reasonable price…

Rolled SVXY JAN 19 2018 112.5 Calls to JAN 19 2018 105.0/95.0 Bull Put Spreads @ .12 credit.

Original sale of the calls brought in 3.07 so total premium now 3.19. With the ten wide spread no matter how far she tanks I can be in the stock at basis just a few dollars above wherever it ends up.

New all time highs in SVXY

#VXXGame Closed my other SVXY July 21st 85 call for 5.65. Wish I’d dumped them both this morning. This thing is flying and VIX approaching new decades-low as SPX is fairly stagnant.

#reverseroll, #shortstrangles


#Earnings #Rolling #ReverseRoll
After flipping to being mostly long from my busted short calls last quarter, I just closed the
$NVDA July 21st 175 put for 7.68 to avoid possible early assignment overnight. This was sold for 21.75 on June 9th (inside the 175/145 put spread for 17.00).

I would like to continue playing this one long so I will look for the next pullback to replace it.

Also, BTC NVDA July 21st 160 put for .06, just to be safe. Sold for 10.50 on June 8th.

SPX reverse roll

#SPXcampaign #ReverseRoll Switched an ITM call spread for an ITM put spread:

Bought to close $SPX July 31st 2475/2500 call spreads for 9.50. Sold for 5.70 last Friday.
Sold to Open SPX July 31st 2485/2460 put spreads for 9.60.

Also, closed on GTC order: Aug 4th 2330/2305 put spreads for .20. Sold for 1.35 on July 7th.

SVXY adjustment

#ReverseRoll #ShortStrangles – I may let some stock go next week via the covered call route. Adjusting my August strangle to possibly get long again but also limiting risk.

Originally sold 80/180 strangle for 3.55 but starting to wonder about the 180 call so pulling the @Jeff reverse roll.

Rolled SVXY AUG 18 2017 180.0 Call to AUG 18 2017 185.0/175.0 Bull Put spread @ 2.20 credit.

Total premium received is now 5.75 on the 10 wide spread. Keeps going up it’s all good. If she tanks no matter how low it goes I’ll be in the stock at a basis 4.25 above where it’s trading at the time…lower the better if an implosion happens! Now…do I resell the call side? 🙂

#takeonefortheteam, #vxxgame

SPX trades today

Closed on GTC orders:
$SPX July 12th 2360/2335 put spreads for .20. Sold as part of a #CondorRoll for 5.75 on June 29th.
$SPX July 14th 2340/2315 put spreads for .20. Sold for 1.40 on June 14th.

Extra call spread sold: July 20th (monthlys) 2450/2475 call spreads for 3.75.

#ReverseRoll Stopped: July 7th 2425 short calls closed for 1.35. Sold as 2425/2450 call spreads yesterday for 3.25. Had to bail a few minutes ago.

A second consecutive week with a Thursday/Friday whipsaw. Managed much better this time.