#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
Tag Archives: Rolling
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
SPX rolling
#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…
$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.
VLO roll-o
#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
BOIL up
#ContangoETFs STO $BOIL Jan 25 calls for 1.10.
STO $BOIL Jan 30 calls for .50
Any rally in Nat Gas is worth selling
New strikes for KOLD
Strikes now up to 200. Sold Jan 200 call @ 6.00.
$KOLD – the art of…
$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.
KOLD roll
#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
$NFLX rolling
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!
SPX put roll
#SPXcampaign #Rolling STO $SPX Nov 27th 1965/1940 put spreads for 1.30, as a partial roll of spreads stopped out last week.
SPX rolled put spread
#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.
Options Bistro 