#optionsexpiration #Selling premium $UVXY 55…

#optionsexpiration
#Selling premium

$UVXY 55 call
$SVXY 70 put
$REGN 380 call (Covered – will sell again)
$ETE 16 put
$CLF call (Covered – will sell again)
$SVXY 60 put (Double portion)
$SVXY 45 put
$SVXY 65 put
$SVXY 38 put
$SVXY 40 put
$SVXY 80 put
$SWN 11 call (Covered – will sell again)
$FB 115 Put
$BMY 55 Put
$IWM 123 Straddle Put Expired: Call was bought back for loss (Net trade – not so good)

#creditspread

$AMZN 710/720 BUPS
$AMZN 860/850 BECS
$GOOGL 740/750 BUPS
$GOOG 825/815 BECS
$GOOG 695/705 BUPS
$NFLX 105/115 BUPS

#Closed Early
#spxcampaign

$SPX 12/23 2300/2017 BECS @ 2.65 loss
$AMZN 12/16 720/770 BUPS @6% profit (Three days earlier profit was over 70%) :-{ 50% rule good.

#Selling Premium – Assigned

$AAPL 112 Covered call
$DVN 45 Covered call
$MUR 32.50 Covered call
$NUGT 14 Put / Basis 11 / Stock @ 5.94 (To sell calls or to get out?????)
$NUGT 18 Put / Basis 15.47 / Stock @ 5.94 (To sell calls or to get out?????)

#Selling Premium

$ETP 1/20/2017 36 calls @ .85 (Covered)

Snowed on Long Island New York.
Thanks to all who make this possible.

SPX ITM rolling

#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

SPX puts closed

#SPXcampaign Bought to close $SPX Dec 23rd 2175/2150 put spreads for .20. Sold for 1.55 on Dec 7th.

SPX puts closed

#SPXcampaign Bought to close $SPX Dec 23rd 2090/2065 put spreads for .30. Sold for 1.40 on Dec 6th. Forced this to close early for margin.

SPX Trade

#spxcampaign

STO 2 Jan 20th 2290 short calls, @ 17.25, replacing the short calls I closed at 3pm yesterday…these were sold with ES at 2262 a few mins ago..lets see which way the Descending Tria breaks out ….

SPX calls sold

#SPXcampaign Earlier, sold to open $SPX Jan 13th 2350/2375 call spreads for 1.50, when SPX was at 2267.

SPX trades

#SPXcampaign From yesterday…
Bought to close $SPX Dec 15th 2125 short calls for .15. Closed early for margin.
Sold to Open $SPX Jan 13th 2175/2150 put spreads (standard campaign trade)
Sold to Open $SPX Jan 13th 2310/2335 call spreads for 4.00. Partial roll from 8.00 stopped spread.

Today:
Sold to Open $SPX Jan 13th 2210/2185 put spreads for 4.25. Second half of roll from 8.00 stopped spread.

Posting updated chart in a moment. Good luck following all the arrows!

#spxcampaign Sold Early $SPX 12/16…

#spxcampaign
Bought Back Early
$SPX 12/16 2275/2250 BECS @48% of total loss. If I were prescient and waited the loss would have been reduced by 25%.
$SPX 12/30 2050/2075 BUPS @ 88% profit

STO $SPX 1/13/2017 2105/2130 BUPS @ 1.35

$AAPL
STO 12/16 112 call (covered)
STO 12/23 113 put @ .60

SPX Call Spreads Sold

#spxcampaign
STO Jan 13 2345/2370 call spreads @ 1.35…come on sell side!!!
Thanks for the great conversations today, out of here, to get supplies, before another snow/ice storm hits.

SPX calls spreads stopped

#SPXcampaign Stopped the following spreads on the Fed volatility.. both a bit too early and not at the lows. I have several rolls I need to sell, and will start doing so soon at the highs and lows of the swings.

Bought to close $SPX Dec 23rd 2275/2300 call spreads for 8.75. Sold for 1.40 on Nov 25th.
Bought to close $SPX Dec 30th 2280/2305 call spreads for 8.00. Sold for 1.30 on Nov 29th.

SPX Trade

#spxcampaign

STO 2 Jan 17 2310/2390 Call Spread @ 10.00 credit

#fibwizard

SPX ITM roll

#SPXcampaign Bought to close $SPX Dec 21st 2250/2275 call spreads for 14.50. Sold as part of a #CondorRoll for 11.90 on Dec 9th. Rolling to the following condor, moving call short up 10 points:

Sold to Open $SPX Dec 28th 2200/2225/2260/2285 iron condors for 15.15.

This is the #ITMroll strategy for call spreads: roll with minimum of one week left to expiration… slide your short 5 or 10 points up make up the difference by adding a put spread. I will do this again next week if the call side is still threatened.

VIX Indicator and SPX Chart have been updated

My SPX trades got hairy last week. I cling on waiting for the pullback.

#spxcampaign

#shortputs $LVS 12/23 55 put…

#shortputs
$LVS 12/23 55 put @ .60
$SVXY 1/13/2017 60 put @ .75
#BECS
$NFLX 1/20/2017 150/140 BECS @ 1.20
#spxcampaign
$SPX 1/13/2017 2365/2340 BECS @ 1.40

Is the snow blowing in a different direction? (Not a poll question :-})

SPX Exit

#spxcampaign

BTC Dec 23 $2110/@$2010 BuPS’s @ $0.40, sold for $3.55. Close enough to 90% gain.
Followed @fibwizard on this one except went with Dec 23 instead of Dec 30.

Will look to enter a Dec 30 $SPX trade tomorrow after the FMOC announcement and I see how the market reacts.

SPX calls stopped

#SPXcampaign Bought to close $SPX Dec 23rd 2290/2315 call spreads for 6.30. Sold as part of an iron condor for 7.70 last Thursday. Provided the 2225/2200 put spread survives, this #CondorRoll will profit. But it was a roll to begin with so the net position is still underwater. Will look to sell a roll at a later date; to difficult at these levels to sell a roll… while we are extremely overbought, the SPX won’t stop going up, and I do not want to sell more call spreads to only have to stop them in a few days. Selling puts is too difficult with the index so high. If we get any pullback this week I will be stopping some more call spreads and selling put spreads.

Another SPX Exit

#spxcampaign

December 5th BTO 2 Jan 06 2350 Long Calls @ 0.50
December 13th STC 2 Jan 06 2350 Long Calls @ 2.40

SPX calls stopped

#SPXcampaign Bought to close $SPX Jan 6th 2280/2305 call spreads for 10.40. Sold last week for 1.40. I’m waiting to roll this as I do not believe we are finished going higher.

SPX Trade Exit

#spx #spxcampaign

December 5th Sell 2 Dec 30 2150 puts at $4.70 Credit(940.00)
december 13th buy 2 Dec 30 2150 puts at $2.00 Debit( 400.00)
gain 57%

SPX puts closed

#SPXcampaign Bought to close $SPX Dec 30th 2080/2055 put spreads for .20. Sold for 1.30 on Nov 28th. Also, working on stopping a call spread with a 2280 short.

#spxcampaign $SPX 1/6/2017 2135/2160 BUPS…

#spxcampaign
$SPX 1/6/2017 2135/2160 BUPS @1.60 Thanks Jeff

#VXX Game
$SVXY 12/16 80 puts @ .50

#Closed Early
$AMZN 12/16 690/700 BUPS @ 96% Profit

SPX puts sold

#SPXcampaign Sold to Open $SPX Jan 13th 2130/2105 put spreads for 1.30, with SPX at 2254.

SPX mid week spread

#SPXcampaign STO Dec 14 2220/2215 bull put spreads @ .25 SPX at 2254

SPX puts sold

#SPXcampaign Sold to open $SPX Jan 6th 2160/2135 put spreads for 1.40, with SPX at 2257. This trade is for last week’s campaign. This week I’m selling Jan 13th spreads.

SPX calls sold

#SPXcampaign Sold to Open $SPX Jan 13th 2340/2365 call spreads for 1.55, with SPX at 2262.

SPX Friday trades

#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.

SPX heavy #SPXcampaign Jeff, reference…

SPX heavy
#SPXcampaign Jeff, reference your Friday posting, would appreciate if time allows you would post your SPX rolls. Very rough week and also very short with call spreads, trying to hang on for the inevitable pullback.

#earnings@Jeff $AVGO 162.50 puts expired…

#earnings@Jeff
$AVGO 162.50 puts expired
#spxcampaign
Closed a few hours early
$SPX 12/9 2260/2235 @ 60% of total loss. A little late and a lot luck
Repeat: Pay attention to dates. Optimism is not a strategy.

Have a great weekend.

SPX heavy

#SPXcampaign Busy day, heading out of town in a few. Will post my SPX rolls this weekend. All-in-all, a rough week, and now I’m am very short this market with rolled call spreads. It will all come back to me once we have any kind of pullback.

SPX reverse roll

#SPXcampaign #ReverseRoll Flipped this one without changing the expiration date.
Bought to close $SPX Dec 30th 2265/2290 call spreads for 7.50. Sold for 1.55 last Friday.
Sold to Open $SPX Dec 30th 2215/2190 put spreads for 5.10, using 1.5x position size.

SPX calls rolled

#SPXcampaign Bought to close $SPX Dec 15th 2245/2270 call spreads for 10.10. Sold as part of a #CondorRoll for 5.15 on Nov 23rd.
Rolled: Sold to Open $SPX Dec 23rd 2200/2225/2290/2315 iron condors for 7.70, with 1.25x position size.

SPX call spreads closed

#SPXcampaign
BTC Dec 23 2265/2290 call spreads @ 4.35 sold Nov 23 @ 1.40. Will wait for bullish momo to subside, or not, before rolling…

SPX roll sold

#SPXcampaign #CondorRoll
Yesterday, I stopped the Dec 23rd 2260/2285 call spreads for 5.35. Today, I rolled:
Sold to open $SPX Dec 30th 2135/2160/2295/2320 iron condors for 3.80, with 1.5x position size.

#spxcampaign Expired Full Profit $SPX…

#spxcampaign
Expired Full Profit
$SPX 12/7 2150/2175 BUPS

Assigned
$SPX 12/7 2265/2240 @ 1.35 Sold for 1.00 Must learn to close early

Puts expired, puts closed

#SPXcampaign #OptionsExpiration
Expired last night: $SPX Dec 7th 2175/2150 put spreads, sold for 2.70 on Nov 30th.
After this morning’s bell: Bought to close $SPX Dec 23rd 2085/2060 put spreads for .20. Sold for 1.40 on Nov 22nd.

#SPXcampaign Jeff what criteria do…

#SPXcampaign Jeff what criteria do you set for price and time when rolling a closed out position?
As yesterday was heart stopping action with the market moving so fast, I find it difficult to know what to use for a roll out and stay relatively safe!

SPX Bam!

#SPXcampaign #VIXIndicator As I study and analyze the past performance of the VIX Indicator, I am struck at how resilient the Upside Warning is. It is a better indicator than the Downside Warning. Today we again saw its potency. After weakness last week failed to cancel the warning, we saw three consecutive days of a much lower VIX. This provides further validation of the original Upside Warning. (I will post a chart).

My account experienced a substantial drawdown today as I wasn’t able to keep up with this sharp move. I am comfortable in the fact that I know I can roll as necessary and I will make it back on the next significant pullback in the market. That could be a month or more away, but it will happen.

I stopped out on three call spreads. I have only rolled one thus far.

Bought to close $SPX Dec 9th 2230/2255 call spreads for 11.20. Sold for 1.30 on Nov 8th.
Rolled: Sold to Open $SPX Dec 23rd 2245/2270 call spreads for 9.10, and Dec 23rd 2175/2150 put spreads for 1.55. I stayed at same position size for the calls and 1.5x size for the puts, so the roll resulted in a .13 credit. The call spread is pretty close to the money, but since it is 2 weeks DTE it is more manageable than the Dec 9th spread that it replaces.

Bought to close $SPX Dec 15th 2255/2280 call spreads for 3.85. Sold for 1.30 on Nov 17th.
Bought to close $SPX Dec 23rd 2260/2285 call spreads for 5.35. Sold for 1.70 on Nov 21st.
Both of these hit my stop of 20-points OTM. I will look to roll this week.

I am still left with four call spreads that have past my stop levels. Will decide how to manage depending on how the week plays out.

SPX Trade

#spxcampaign

Closed out Jan 06 week, freeing up some Margin and taking a profit as ES topped at the R3, a 3 PP move for the day

5-December STO 2 1980/2080 BUPS @ 4.61
7-december BTC 2 1980/2180 BUPS @ 1.50
Gain @ ~ 60%

SPX close calls and sell calls

#SPXcampaign Bought to close $SPX Dec 9th 2245/2270 call spreads for .10. Sold for 1.25 on Nov 10th.
Sold to Open $SPX Jan 6th 2290/2315 call spreads for 1.40, with SPX at 2224. Those are the highest strikes I have ever sold on SPX.

SPX calls sold

#SPXcampaign Sold to Open $SPXPM Dec 16th 2240/2265 call spreads for 2.00, when SPX was at 2213.

New all-time highs this morning.

#spxcampaign Closed Early $SPX 12/9…

#spxcampaign
Closed Early
$SPX 12/9 2125/2150 BUPS @94% profit
$SPX 12/12 2120/2145 BUPS @86% profit

Helps the margin but keeps gray hairs away as well.

SPX Trade

#spx #spxcampaign

Short Strangle
STO 1 Jan 13 SPX 2100 short put @ 7.14
STO 1 Jan 13 SPX 2260 short call @ 6.89

Credit @ 14.03

SPX puts sold

#SPXcampaign Sold to Open Jan 6th 2090/2065 put spreads for 1.40, with SPX at 2204.

#spxcampaign BTC SPX 12 DEC…

#spxcampaign BTC SPX 12 DEC 16 2240/2265 BeCS @.20 sold at 1.85 on 11/15/2016

Options Expiration 12/5/16

#OptionsExpiration #spxcampaign
— Expiring —
SPX 2230/2250 call spreads, sold for 1.55 last Tuesday
SPX 2175/2150 put spreads, sold for 2.15 last Tuesday

SPX puts closed

#SPXcampaign, at the bell, Bought to Close $SPX Dec 15th 2065/2040 put spreads for .20. Sold for 1.40 on Nov 18th.

SPX Calls

#spxcampaign #shortcalls

Sold to open
qty 2 Jan 06 Long 2350 calls @ 0.55
qty 2 jan 06 Short 2250 calls @ 7.95

Entered with ES at the top of its 3 PP swing to the upside

SPX Puts Closed

#spxcampaign #shortputs

Bought to close
qty 2 Dec 09 2140 short puts at 0.50, sold previously at 4.30 November 22nd…approx gain ~ 85%

SPX calls sold, puts closed

#SPXcampaign Sold to Open $SPX Jan 6th 2280/2305 call spreads for 1.40, with SPX at 2206.
Bought to close $SPX Dec 15th 2035/2010 put spreads for .20. Sold for 1.30 on Nov 16th.

Options Expiration 12/2/16

#OptionsExpiration #SPXcampaign #ShortCalls

— Expiring —
REGN 375 call
SPX 2100/2075 put spreads
SPX 2225/2250 call spreads

SPX bonus calls sold

#SPXcampaign Sold to Open $SPX Dec 9th 2225/2250 call spreads for 1.50. Should expire next Friday.

SPX

#spxcampaign #ira #OptionsExpiration
STO Dec 9 2225/2250 BeCS for $1.35 completing the IC for this expiration.
STO Dec 12 2230/2255 BeCS for $1.30 for the same reason.
Today will expire on my IRA the following SPX spreads: 2120/2105 BuPS; 2160/2145 BuPS and 2230/2245 BeCS

SPX more puts stopped

#SPXcampaign Bought to close $SPX Dec 2nd 2190 puts for 2.15. Sold as part of the 2190/2165 put spread for 2.55 on Tuesday. Another one down with a small profit.

SPX puts stopped

#SPXcampaign Closing this one with a small profit, which was sold as an aggressive roll. May roll later today, or wait until next week.

Bought to close $SPX Dec 9th 2190/2165 call spreads for 7.70. Sold for 8.25 on Nov 21st.

SPX calls closed and calls sold

#SPXcampaign Bought to close $SPX Dec 7th 2240/2265 call spreads for .20. Sold two days ago for 1.75.
Sold to Open $SPX Dec 30th 2265/2290 call spreads for 1.55, with SPX at 2195.

SPX Trade

#spxcampaign

STO 2 Jan06 1980/2080 BUPS at 4.61 credit

SPX puts sold

#SPXcampaign Sold to Open $SPX Dec 30th 2060/2035 put spreads for 1.45, with SPX at 2187.

#spxcampaign Expired at Full Profit…

#spxcampaign
Expired at Full Profit
$SPX 2145/2170 BUPS Sold @ 2.40 Thank you Jeff

#spxcampaign Going With Jeff $SPXY…

#spxcampaign
Going With Jeff
$SPXY 12/7/2016 2265/2240 BECS @ 1.75
$SPXY 12/7/2016 2150/2175 BUPS @ 2.85

Half Of @thomberg1201 tasty trade
$SPX 1/20/2017 2080/2100 BUPS @ 2.30

#spxcampaign #ironcondor #tastytradefollow SPX Jan….

#spxcampaign #ironcondor #tastytradefollow

SPX Jan. 20 2080/2100/2200/2220 for 13.80

SPX extra puts sold

#SPXcampaign Since I sold Dec 7th calls this morning, just sold some puts to offset them:

Sold to Open $SPX Dec 7th 2175/2150 puts for 2.70, with SPX at 2205.

I’m now trading in a pretty tight range, 2190 to 2230, through Friday the 9th. I’m hoping strong moves in either direction wait until after that! But, #Jobs report is this Friday…

New Trade

#spxcampaign #Fibwizardtrades

Sold to open, 2ea Dec 30 2010/2110 BUPS for a credit of 4.45 per spread, 890.00 Total

BTO 2 Dec 30 2010 puts at 2.45, debit at 490.00, purchased at Delta 5
STO 2 Dec 30 2110 puts at 6.90, credit at 1380.00, purchased at Delta 13

SPX was at 2206 at the time..or thereabouts

Closed SPX Trade

#spxcampaign #shortputs

BTC 2 Dec 07 2140 Short puts at $1.30, prev sold on 21-Nov,at $4.20, for a 60% win.

Since this was a Roll or second short put sold against my original long side, this week is closed out, as the price of the next Delta-12 Put is too close to current mkt price of 2210.

#spxcampaign Closed early $SPX 12/9…

#spxcampaign
Closed early
$SPX 12/9 1985/2010 BUPS @ 92% profit
#BUPS
$GOOGL STO 12/23 750/760 BUPS @ 1.00

SPX calls sold

#SPXcampaign Sold to Open $SPX Dec 7th 2240/2265 call spreads for 1.75. These should expire next Wednesday. Completion of my rolls from stopped call spread yesterday.

New all time highs on SPX this morning.

SPX rolling out calls

#SPXcampaign I was hoping for another day of weakness to get out of an ATM call spread, but the push back to 2210 signals tomorrow could go either way. So I’ve closed it and am now selling several short-term spreads as rolls. All spreads are same position size, so I want the new ones to add up to at least the 7.55 I spent for the stop.

Bought to close $SPX Nov 3oth 2200/2225 for 7.55. Sold for 1.30 on Nov 3rd.
Sold to Open $SPX Dec 2nd 2190/2165 put spreads for 2.55
Sold to Open $SPX Dec 5th 2230/2250 call spreads for 1.55
Sold to Open $SPX Dec 5th 2175/2150 call spreads for 2.15

Need one more spread for 1.30 or more.

SPX puts closed, calls sold

#SPXcampaign Bought to close $SPX Nov 30th 2170/2145 put spreads for .20. Sold for 2.50 on Nov 21st.
Sold to Open $SPX Dec 30th 2280/2305 call spreads for 1.30, when SPX was at 2206.

SPX puts sold

#SPXcampaign Sold to Open $SPX Dec 30th 2080/2055 put spreads for 1.30, with SPX at 2206.

#SPXcampaign STO SPX 6 JAN…

#SPXcampaign STO SPX 6 JAN 17 2100/2000 BuPS @5.40

#SPXcampaign STO Dec 30 SPX…

#SPXcampaign STO Dec 30 SPX 2125/2100 for $2.60 when SPX was at 2207.25

SPX puts sold

#SPXcampaign This is from last week’s campaign but I couldn’t get it filled on Friday:

Sold to Open $SPX Dec 23rd 2095/2070 put spreads for 1.30, with SPX at 2207.

#Expire $FB 115 put #spxcampaign…

#Expire
$FB 115 put
#spxcampaign
$SPX STO 12/12 2120/2145 BUPS @ 1.65
#Closed Early
$SPX 12/9 1950/1075 BUPS @ 93% profit
#Complete Loss
DE 90/92.5/95 iron butterfly
#Trade Sell Put
$FB 12/15 115 @.80 (replace one that just expired)

Options Expiration 11/25/16

#OptionsExpiration #SPXcampaign #Earnings #ShortPuts #IronButterfly #ContangoETFs

— Expired —
DUST 35 puts
REGN 390 put
SPX 2150/2125 put spreads (sold for 2.70 on Nov 15th)
SPX 2175/2150 put spread (sold for 14.00 on Oct 13th)

— Expired with max loss —
DE 90/92.5/95 iron butterfly

SPX Trade

#spxcampaign

STO 2 Dec 23 2040/2140 BUPS at 6.06 ( credit of 1212.00 )

#spxcampaign #rolling Rolled Dec. 2,…

#spxcampaign #rolling

Rolled Dec. 2, 2220/2245 to Dec. 5 2220/2240 for a .90 credit.