#SPXcampaign #ITMrolling #Rolling $SPX
Bought to close Dec 23rd 2245/2270 call spreads for 13.00. Sold for 9.10 on Dec 7th.
Bought to close Dec 23rd 2260/2285 call spreads for 7.90. Sold for 8.40 on Dec 9th.
Rolled total debit of 17.50 to total credit of 21.50:
Sold to Open Dec 30th 2250/2275 call spreads for 12.15
Sold to Open Jan 3rd 2265/2290 call spreads for 7.95
Sold to Open Jan 3rd 2190/2165 put spreads for 1.40
#ContangoETFs #Rolling #ShortCalls
BTC DUST Dec 16th 63 call for 5.00. Sold for 5.25 on Nov 11th.
STO DUST Jan 20th 90 call for 5.50
#ShortCalls #ContangoETFs #Rolling $SVXY
Sold to open Dec 30th 93 Call @ 3.00 when $SVXY was at 90.50 on some of my remaining long stock. I was looking for $SVXY to move up to 93 before covering but the post FOMC activity led me to cover part incase $SVXY can’t make it up to 93.
Rolled a Dec 16th 80 Call out and up to Dec 30th 87 Call for even sans fees. Originally sold for 4.00 so the 4.00 debit was a wash but gained 7 points of upside.
Have a great day all. And thanks for enlightening me to the editing secret.
#SPXcampaign #Rolling #CondorRoll $SPX
Bought to close Dec 15th 2250/2275 call spreads for 10.30.
Rolled to: Dec 23rd 2185/2210/2260/2285 iron condors for 10.65
Bought to close $SPXPM Dec 16th 2240/2265 call spreads for 15.10
Rolled to: $SPX Dec 21st 2205/2230/2250/2275 iron condors for 15.15
The above spreads are already ITM today… I will roll them at a minimum of one week before expiration. This next roll was caused by mistakenly closing a spread on Thursday, which turned out to work in my favor as I was able to replace it with a higher spread:
Bought to close Jan 6th 2290/2315 call spreads for 3.60 (Thursday)
Sold to open Jan 6th 2300/2325 call spreads for 3.65 (Friday)
Also Friday:
Bought to close Dec 23rd 2095/2070 put spreads for .20
Bought to close Dec 30th 2060/2035 put spreads for .20
Worst of all, expiring with MAX loss was Dec 9th 2225/2250 call spreads; something you never want to have happen, but a face-ripping rally combined with too much time needed away from my desk led to this. I will look to be selling aggressive rolls when the upside momentum shows clear signs of slowing (or reversing).
Let me know however I can help with your trades or rolls.
#Earnings #Rolling #ShortPuts #inversestrangle
BTC $REGN Dec 2nd 380 put for 7.25. Sold for 2.40 on Monday.
Rolled to: REGN Dec 16th 362.5 put for 7.60.
The good news is my 375 call is expiring today, which I sold as a roll for 55.65 on Nov 10th!
#Earnings #ShortStrangles #Rolling
Rolling up CMG short put. Also short the Dec 16th 420 call
BTC CMG Dec 16th 350 put for .80. Sold for 10.80 on Nov 1st.
STO CMG Dec 23rd 380 put for 5.00.
Rolled Dec. 2, 2220/2245 to Dec. 5 2220/2240 for a .90 credit.
#Earnings #ShortPuts #Rolling Was trying to make this roll with a $1 credit but turkey-induced droopiness led to the reverse, a 1.10 loss. Oh well… not much in the scheme of inverse strangles…
BTC REGN Nov 25th 420 put for 22.00
STO REGN Dec 9th 415 put for 20.90
#SPXcampaign #CondorRoll #Rolling Since I believe risk is still to upside, I am rolling this one early. My stop on this was 2205 (20 points OTM); we came close yesterday and I believe we will break that level later today or Friday.
STOPPED: Bought to close $SPX Dec 9th 2225/2250 for 4.60. Sold as part of a #CondorRoll for 2.15 on Nov 3rd.
#CondorRoll: Sold to Open Dec 15th 2100/2125/2245/2270 condors for 5.10 (same position size).
Bought to Close Dec 9th 2080 short puts, At 1.55, Previously sold on Nov 15 at 5.20
Sold to open Dec 9th 2140 short puts, at 4.30
Rolled the Delta 5 2080’s to a Delta 15 2140…
#ContangoETFs #Rolling
BTC DUST Nov 18th 55 call for 4.40
STO DUST Dec 16th 70 call for 5.00
Also followed @Ramie77 STO DUST Nov 25th 70 call for 1.40
#ContangoETFs #Rolling
BTC $DUST Nov 18th 50 call for 5.00. Sold for 1.55 on Monday.
STO $DUST Dec 16th 63 call for 5.25
#Earnings #Rolling We hit 129 so I’m rolling my short calls that expire Friday. I covered them as NFLX fell back down. And I sold more puts:
BTC NFLX Oct 28th 129 calls, 2.35 avg price. Sold last week for .79 avg price.
#ReverseRoll to:
STO NFLX Oct 28th 123 put for 1.00
STO NFLX Dec 16th 110 put for 1.50
STO NFLX March 17th 95 put for 2.55
(Jan 20th 105.71 put sold earlier for 2.82)
#Earnings #Rolling Sold all of the following as my rolls. Will look to sell puts on any weakness:
Oct 28th 130 call for 1.10
Oct 28th 129 call for 1.35
Dec 16th 130 calls for 5.05
Jan 20th 130 call for 8.30
Mar 17th 150 calls for 4.50
June 16th 175 call for 3.00
I have no ITM positions and I will look to keep it that way.
#ShortStock #CoveredPuts #Earnings #Rolling some $FB positions…
BTC FB Oct 14th 125 put for .07. Sold for 1.10 on Sept 16th.
BTC FB Dec 90 put for .11. Sold for 2.68 on June 15th.
STO FB Oct 28th 127 put for 1.11
#SPXcampaign Bought to close $SPX Sept 2nd 2140/2165 call spreads for 19.10. Sold last Friday for 20.45. Sold to Open $SPX Sept 9th 2145/2170 calls for 17.50.
#Rolling myself out one week at a time, one strike higher each time. Making up the loss in the roll (in this case 1.60) by adding an extra put spread.
#SPXcampaign #Rolling Was hoping to slip out of this spread next week, but the continued rally makes it too dangerous.
Bought to close $SPX July 29th 2165/2190 call spreads for 12.00. Sold as part of a condor-roll for 6.05 on June 30th.
Sold to Open $SPX Aug 26th 2175/2200 call spreads for 12.10.
$AMBA In September and October of 2015 I became the proud owner of 400 shares of AMBA after 4 put spreads went way in the money. I was assigned 200 @ $100.00 and 200 @ $85. I had received around $9000 from selling the good puts. I have been selling calls and have my cost basis down to 61.42. Today I rolled some 52.50 calls out to November 62.50. Pretty volatile stock. 52 week range is 33-125.
$UVXY #ShortPuts #Rolling – Rolled this week’s strike 9 puts to next week’s strike 8 puts for a 0.04 Credit. Made a small profit on the strike 9 put that I covered.
#SPXcampaign #Rolling Well it turned out to be a mistake doing a #ReverseRoll for stopped puts on Monday. Going farther out in time for this roll so I can be at a comfortable distance OTM.
Bought to close $SPX July 8th 2075/2100 call spreads for 9.60. Sold for 3.00 on Monday.
Sold to Open $SPX August 18th 2130/2155 call spreads for 6.35 (1.5x position size).
#Rolling #ShortStock #CoveredPuts I’m looking to get out of my short stock with FB below 110 in the coming days. I am therefore rolling 2 puts I have at 113 to give myself exit points below 110.
BTC FB June 24th 113 put for 1.98 / STO FB July 22nd 108 put for 2.02
BTC FB July 1st 113 put for 2.50 / STO FB Dec 90 put for 2.68
#Earnings are projected to be last week of July. I’d like to be out of this position by then, although I’m okay with keeping the Dec 90 put longer.
#SPXcampaign #Rolling
BTC $SPX June 16th 2130/2155 call spreads for 5.50 (sold for 1.40 on May 20th)
STO $SPX June 30th (monthly) 2160/2185 spreads for 3.90 (1.5x position size)
#SPXcampaign #Rolling #CondorRoll
STOPPED, $SPX June 1st 2105/2130 call spreads for 3.20.
Sold to Open $SPX June 16th 1915/1940/2135/2160 iron condors for 3.30.
Sucks to have to roll it but can’t risk more crushing upside.
#SPXcampaign #Rolling Down move today stopped me on some spreads I was fairly aggressive with earlier this week.
Bought to close $SPX May 25th 2010/1985 put spreads for 3.70. Sold for 1.70 on Wednesday. Rolled to…
Sold to Open SPX June 1st 1980/1955 put spreads for 2.55 (1.5x contracts). This was a Wednesday to Wednesday roll.
Bought to close SPX May 19th 2015/1990 put spreads for 3.10. Sold for 1.30 on Wednesday. Rolled to…
Sold to Open SPX May 27th 1980/1955 put spreads for 2.25 (1.5x contracts)
#ContangoETFs #Rolling
BTC $NUGT May 13th 95 call for 14.70
STO $NUGT June 17th 155 call for 8.00
I’ll sell the other half of this roll when we get the next pop up. I now have more puts than calls so adding puts costs margin and adding calls credits me margin.
Rolled April 600 covered call up and out to May 650 for 5.00 credit.
#Rolling
#ContangoETFs #Rolling
BTC NUGT Apr 8th 67 call for 3.90 (sold Monday for 1.00)
STO NUGT Apr 29th 85 call for 4.20
#VXXGame I’ve been letting a few too many UVXY puts get a little too far ITM.
BTC UVXY Apr 15th 24 put for 5.60
STO UVXY May 20th 17 put for 2.35
STO UVXY May 20th 32 calls for 1.45
That put I closed was already a roll-out from previously closed puts. Sold for 1.25 on 3/1. I keep rolling into strangles, then have to roll the puts again as the calls go to a nickel. Gotta keep #rolling …
#ContangoETFs BTC KOLD May 85 puts for .40. Sold for 2.10 on 1/29.
#VXXGame STO UVXY June 80 calls for 1.30 (#Rolling from 28 puts closed Friday)
#ContangoETFs #VXXGame #Rolling
BTC NUGT March 18th 63 call for 5.65. Sold for 112.5 on Tuesday.
STO NUGT April 15th 80 call for 6.10
STO $UVXY June 15 puts for 1.25. This is just part of rolling I’m doing for March 18th 28 puts I closed earlier.
Rolled this week’s 475 put down and out to Apr 8 465 put for 4.60 credit:
Bought to close $CMG Mar 18 475 put @ 6.89 (sold for 6.10 on 2/8)
Sold to open $CMG Apr 8 465 put @ 11.49
#ContangoETFs #Rolling
BTC NUGT March 19th 63 call for 11.00. Sold for 1.12 on Monday. Harrumph.
STO NUGT April 15th 72 call for 12.20.
BTC NUGT March 19th 70 call for 5.00. Sold yesterday for 1.00
STO NUGT April 15th 90 call for 6.10
#Earnings #Rolling #CoveredCalls
BTC $NOW March 18th 55 call for 6.10. Sold for 1.35 on 2/9
STO NOW April 15th 55 call for 7.90.
$NUGT #ShortCalls #Rolling – this is becoming tiresome –
Bought to close NUGT Mar 04 2016 35.0 Calls / Sold NUGT Jun 17 2016 41.0 Calls for a small credit
Bought to close NUGT Mar 04 2016 42.0 Calls / Sold NUGT Apr 15 2016 46.0 Calls for a small credit
Executed the following:
Rolled $NUGT Mar 18 45 calls out to Apr 15 45 calls for 2.00 credit
Rolled $NUGT Mar 18 48 calls out to Apr 15 48 calls for 3.20 credit
Rolled $NUGT Mar 18 52 call out to Apr 15 52 call for 3.10 credit
Rolled $NUGT Mar 18 60 call up and out to Apr 8 (weekly) 63 call for 2.13 credit
#SPXcampaign #Rolling Selling the other half of my roll; closed 1960-1985 call spread last week for 7.70. Sold new call spread earlier today for 5.50, selling this one, double-size, for 1.30; so netting additional .40 on the roll (added to the 1.25 initial spread was sold for).
STO $SPX March 24th 1825/1800 put spreads for 1.30.
Also need to stop out of the March 4th 1980/2005 call spread… ripped past my stop point while I was away from the desk this morning. Been closing and rolling anything that gets within 20-points.
#VXXGame #Rolling First time I’m having to roll ATM short puts in about a year.
BTC UVXY March 4th 35 puts for 1.70.
BTC UVXY March 11th 35 puts for 2.84
Replaced all of the above with enough contracts of the following to net a credit…
STO UVXY April 15th 24/75 strangles for 2.52
Also:
BTC UVXY March 11th 75 calls for .07. Sold for .55 on Feb 23rd
BTC UVXY March 18th 80 call for .22. Sold for 4.40 on Dec 3rd
#SPXcampaign #Rolling Sold to Open $SPX March 24th 2005/2030 call spreads for 7.20. Part of a roll from this morning’s stopped spread.
$GPRO #coveredcalls #rolling Rolled Feb. 19 12.5 to March 18, 14 call for .46
#SPXcampaign Although we barely notched above 1930, I am closing my lowest strikes call spread and #Rolling into an iron condor at the next expiration. This is to exit now rather than risk a push up to 1950, making things hairy.
BTC $SPX Feb 29th (monthly) 1950/1975 call spreads for 5.70. Sold for 1.45 on Feb 11th.
STO $SPX March 4th 1975/2000 call spreads for 4.00.
STO $SPX March 4th 1800/1775 put spreads for 1.45 (double position size)
Rolled Feb calls out to March 4 weekly for 1.35 credit
Bought to close $TZA Feb 19 70 calls @ 4.84
Sold to open $TZA Mar 18 72.50 calls @ 6.19
Rolled Feb calls out to March for .69 credit
Bought to close $TLT Feb 19 129 calls @ 4.96
Sold to open $TLT Mar 18 129 calls @ 5.65
#ContangoETFs #Rolling Got stuck with a few NUGT calls in the 30’s expiring in Feb. All my other calls are 50 and above. Starting with some rolls,
BTC NUGT Feb 26th 35.5 call for 15.00
STO NUGT March 18th 37 call for 15.30
If we get some pullback I will roll some more, and may add some puts below 25, but that’s usually dangerous.
#Rolling #ReverseRoll
I got this question via email: “…with all my rolling of short positions, I’m having a hard time keeping track of each position. I’ve had to roll some positions 4-5 times, and more, especially SVXY, so that my cost basis seems to get lost in all the mess. I currently use an Excel spread sheet that I listed monthly trades, but then I found I had to search for the strike, then enter the roll position, and it just keeps going. Finding each position after a few rolls has been difficult. Any good way that you have found to keep track of the position when you roll, especially numerous rolls?”
I can’t do you much better than Excel, but maybe others can reply with their methods. I track each trade on Excel, and if I roll the position, I will extend that trade’s Excel row to the right, adding and subtracting the costs of each roll into the P/L for that trade… goal is to come out with a profit, or at least breakeven in the end. I can provide more detail if that’s not clear, but it can be a bit confusing with multiple rolls.
#ContangoETFs #Rolling Rolled short calls into a strangle
BTC TZA Feb 18th 70 calls for 7.95
STO TZA March 18th 80 calls for 7.15
STO TZA March 18th 50 puts for 1.00
#EarlyAssignment #Rolling #ContangoETFs
Although I have been rolling my $TZA position that started as a Jan 15th 50 calls, I did not roll my Jan 22nd 50 calls. One was assigned last night, so today rolled the whole position:
Assigned (1) TZA Jan 22nd 50 call
STC (100) TZA stock for 69.75
BTC (1) TZA Jan 22nd 50 call for 19.90
STO (2) TZA March 50 calls for 20.60
$SPY #rolling Rolled a Jan 22 195/190 BuPS all the way to April 15 195/185 for .83 credit, waited too long to act
#ContangoETFs – I made the error of getting too bearish on this and I sold Jan calls recently that will now be costly to cover. Fool myself once. I will now stick to only further OTM calls and puts. Not posting specific trades because I’m doing them piecemeal, but today closing Jan 150, 155, 159, and 160 calls. I bought some stock at 166.10 to have called away. Also sold Feb 120 puts for 2.20 and May 270 call for 9.00. Will sell more in coming weeks… right now giving my margin a rest. Still short some deep ITM calls in Feb, and numerous Feb and May calls over 220. #Rolling
#ContangoETFs #Rolling one position and opening another one. The April positions started as Jan 50’s, then rolled to April 60’s, now rolled to July 65’s. I can do this all year (at least until I run out of expiries).
BTC $TZA April 60 calls for 9.00 (sold for 5.85 last Thursday)
STO $TZA July 65 calls for 10.40
STO $TZA April 85 call for 4.05 (order in to sell another at 5.05)
#ContangoETFs #Rolling
Man how I love these ETFs; able to roll 10 points higher and still take in a huge credit. $TZA hasn’t been to 60 since the Oct 2014 correction.
BTC TZA Jan 15th 50 calls for 4.65. Sold for 1.40 on Dec 7th.
STO TZA April 15th 60 calls for 5.85.
Whipsawing continues … sold $SPX Jan 8th 2060/2085 call spreads for 1.45. Was poised to sell 1940/1915 put spreads but was not filled before the index reversed upwards. Will look to sell put side on next down move.
#ContangoETFs STO $TZA Jan 22nd 50 calls for 2.50. Looking at the monthly chart on this, I’m not concerned that this position will remain a problem, even if it requires some #Rolling in the short term.
#SPXcampaign Selling $SPX Jan 8th 2100/2125 call spreads, and 1970/1945 put spreads. Looking for 1.25-1.35 each side. Small in size. This will complete my #Rolling for the week. Adding more to the call spread I started this morning, and opening new lower striked put spreads. My 2000/1975 puts survived the day, just barely. Since it’s the only put spread I have I’m okay holding it over a weekend, even though market it precarious.
#SPXcampaign #Rolling #IronCondor
Rolling the earlier stopped call spread into an iron condor. Selling puts first, and will wait for higher price in index to sell calls.
STO $SPX Jan 8th 2000/1975 put spreads for 1.25.
#SPXcampaign #Rolling STO $SPX Dec 31st 2085/2110 call spreads for 3.90. This is the second half of the roll from this morning’s stopped spread, totaling a .80 credit for the roll. I will roll again should SPX get much above 2075. Mainly, I want to avoid going ITM, since that makes rolling much more difficult.
#ContangoETFs #Rolling $KOLD calls while KOLD puts and $BOIL calls expire today.
BTC KOLD Dec 200 calls for 13.20
STO KOLD Jan 255 call for 13.60
STO KOLD Feb 300 call for 16.00
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
#SPXcampaign #Rolling STO $SPX Dec 31st 1900/1875 put spreads for 1.65. This is a roll from spreads stopped out last week. Despite the downside warning, I still feel we will continue consolidation into FOMC and monthly expiration next week. If I am wrong, that’s what stops are for.
$WYNN #ShortPuts #Rolling – for safety I covered my short Dec 65 Puts @ 1.00 and replaced with several more Dec 60 Puts @ 0.45. This ratio roll actually brought in additional cash.
#Rolling Still holding this short stock position, but sale of calls and puts is bringing cost basis up.
BTC $VLO Nov 27th 71 call for 1.95, rolled to Dec 4th 71.5 call for 2.06
BTC $VLO Nov 27th 72 call for .96, rolled to Dec 4th 73 call for 1.13
#ContangoETFs STO $BOIL Jan 25 calls for 1.10.
STO $BOIL Jan 30 calls for .50
Any rally in Nat Gas is worth selling
Strikes now up to 200. Sold Jan 200 call @ 6.00.
$KOLD – the art of exiting an illiquid option position that just went in the money –
So I’m trying to exit my short call position @ 136 on KOLD but the bid / ask is 3 points apart. Rather than let the market maker take his pound of flesh, I’m going to buy the stock, either on a dip, or at the close and let them call it away.
I’ll still make money due to the large initial premium I got when I sold this.
#ContangoETFs On Friday I closed some ITM $KOLD calls to reduce margin in case of another manic Monday. I replaced those with these today:
STO KOLD Dec 18th 120 call for 17.00
STO KOLD Dec 18th 125 call for 14.60
STO KOLD Dec 18th 100 puts for 3.00
STO KOLD Feb 135 call for 18.10
STO KOLD Feb 70 puts for 2.10
Rolled Nov 107, 110, 112, short calls out to Dec 110, 114.29, 117.14, for even. Also, rolled this week’s 115 puts up to 120 for another 1.47 credit giving these weekly puts a nice total credit of 7.04. Don’t mind dealing with these short term issues since it’s still an overall bullish position. Jan 2017 94.29 short puts are looking great!
#SPXcampaign #Rolling STO $SPX Nov 27th 1965/1940 put spreads for 1.30, as a partial roll of spreads stopped out last week.
#SPXcampaign #Rolling Sold to Open Nov 19th 2010/1985 put spreads for 2.15. This is a roll from put spread stopped earlier today, 1.5x position size.
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