TLT

#SyntheticShort – The weekly hedge against a small synthetic short I’ve been playing with…

Bought to Close TLT MAR 23 2018 117.5 Puts @ .01 (sold for .49)

Sold TLT APR 6 2018 118.5 Puts @ .41

TLT

#SyntheticShort – The weekly hedge against a small synthetic short I’ve been playing with…

Bought to Close TLT MAR 9 2018 117.0 Puts @ .02 (sold for .38)

Sold TLT MAR 23 2018 117.5 Puts @ .49

SPX hedge through April

With my current #RocketManHedge looking like it has a good chance of turning a decent profit ( in spite of moving against me from almost the first day) I’m adding another out about 90 days.

#SyntheticShort out through April expiration…

Synthetic short stock with a protective call. 49.00 debit with max loss of 59.00:

Sold SPX APR 20 2018 2800.0 Call @ 57.55
Bought SPX APR 20 2018 2800.0 Put @ 54.90
Bought SPX APR 20 2018 2810.0 Call @ 51.65

With 13 weeks for the trade to run need to collect 4.55 per week to cover the max loss so:

Sold SPX JAN 24 2018 2785.0 Put @ 8.00

VXX

#SyntheticShort – With VXX going away I’m closing this short down. No where to roll the short puts and a big volatility spike might not leave time for it to come back down. Turned out pretty good since I had fewer short puts than synthetic short stock. Re-load on next UVXY split…

Sold to Close 13 VXX Jan 2019 50/50/55 synthetics and Bought to Close 9 VXX JAN 18 2019 28.0 Puts

Net gain on each synthetic of 3.85. Not great but worth the margin for sure…

NUGT

#SyntheticShort – Out most of yesterday afternoon and late into the night. Managed to beat the cyclone into JFK. Get me back to Florida please! Just a beautiful day here. Had a fill yesterday adding to NUGT short and closed front month short puts this morning.

Added Jan 2019 32/32/34 synthetic short/disaster calls @ 9.40 (previously 10.08 at same strikes)

Bought to Close NUGT JAN 5 2018 29.5 Puts @ .03 (sold for .36)

AGQ

Started the #SyntheticShort NUGT trade recently on the gold rally. Silver running too so pulling this one out of the dust bin and watching it again to possibly add a short silver position eventually. Looking at the 36 level for an entry with an add at 40.

NUGT

#SyntheticShort – Thing’s been on a nice run right up to the 200ma so easing back into a short position. Starting out with about a 40 percent position and going out to Jan 2019. Long GLD so this is a nice hedge that I rode down last time too. I’ll be looking to add the rest of this at NUGT 40 and 45 if we get there…

Sold to Open NUGT JAN 18 2019 32.0 Calls @ 9.04
Bought to Open NUGT JAN 18 2019 32.0 Puts @ 10.69
Bought to Open NUGT JAN 18 2019 34.0 Calls @ 8.43

Net debit of 10.08 with max loss of 12.08. With 55 weeks for the trade to run need to average 22 cents per week to cover worst case scenario.

So:

Sold NUGT JAN 5 2018 29.5 Puts @ .36

NUGT

#SyntheticShort – This was another one that got run over to the downside. Learning my lesson here…LOL With it starting to bounce a little I’m booking it for a small profit and looking to reset on the next run higher.

Sold to Close NUGT 42 synthetic short and 47 disaster calls
Bought to Close NUGT 20 puts

These were all in the same expiration since I had rolled the short puts out and down after the initial imoplosion (right after setting the trade of course!)

All said and done made 50 cents on a 10 lot but learned a whole lot more! Now I’m a cheerleader….gold to 1500!

SPX hedge through March

With my current #RocketManHedge looking like it has a good chance of turning a decent profit ( in spite of moving against me from almost the first day) I’m adding another out about 90 days. This one is slightly more expensive since I’m setting up a little above the market but giving it a couple extra weeks to make up the difference.

#SyntheticShort -A little hedge out through March expiration…

Synthetic short stock with a protective call. 49.00 debit with max loss of 54.00:

Sold SPX MAR 16 2018 2670.0 Call @ 46.23
Bought SPX MAR 16 2018 2670.0 Put @ 51.97
Bought SPX MAR 16 2018 2675.0 Call @ 43.26

Need to collect 4.15 per week to cover the max loss so:

Sold SPX DEC 18 2017 2650.0 Put @ 5.40

Selling Monday and then looking to double up on the following Friday…

#fuzzybear

Dec 6th Trades

Pretty quiet trading day for me, thanks again for everyone’s good ideas:

1. Took the HD BePS profit I was expecting this morning (Bought 1.09, sold 1.59)
2. Bought PIR long calls for Earnings run up (closes 1 day before earnings), target 40%
3. SHAK BePS for retracement from extreme up move, .84 debit, target 50%, trade is green
4. BA BePS for retracement from extreme up move, 1.21 debit, 50% target, trade is red
5. ADSK #ShortPuts for Mar, thank you for the idea @jsd501
6. I’m keeping 2 short /ES contracts hedged with short puts, rolled short puts to next week for additional credit. This “Z” contract will run out pretty soon.
7. CVX closed BuCS for 50% loss (I’m testing using “probability of touch” as a stop on debit trades)
8. RCII There was an almost 10,000 contract opening call sale today for Jan 13 calls, so I bought a BePS Jan 13/11 for 1.14 (paid less than intrinsic). Following the “smart money” fund flow on this (I realize this may be Trader setting a hedge vs a spec trade, but it’s limited risk)
9. New NDX #Bitty Dec 29 6125/6120 for .85 cr, 50% target

Active Greens: ADSK, AFL, AMC, BBY, ETFC,FB, LRCX, MNST, MSFT,NDX,NTNX,ORCL, SHAK, TTWO,
Active Reds: AAPL, ALGN, DLTR, JPM, LMT, NUE, PIR, QQQ, SPY, ULTA, /ES, BA (net green)

3% return on capital today

#hedge, #rocketmanhedge, #syntheticshort

SPX hedge thru Jan expiry

#SyntheticShort #Hedge #RocketManHedge – A little hedge out through the beginning of the year…

Synthetic short stock with a protective call. 45.00 debit with max loss of 50.00:

Sold SPX JAN 19 2018 2570.0 Call @ 41.50
Bought SPX JAN 19 2018 2570.0 Put @ 48.00
Bought SPX JAN 19 2018 2575.0 Call @ 38.50

Need to collect 4.15 per week to cover the max loss so:

Sold SPX NOV 3 2017 2530.0 Put @ 5.90

This gives 40 to 50 points of downside protection for minimal (or no) cost…

October Surprise

#SyntheticShort – Just throwing this out there…

Whiz, FWIW, is really getting concerned about the market going into October. I understand he’s always trying to act like a big shot know it all guy but supposedly his connections he still has in the Navy from his Top Gun days are getting worried. He says…”something is coming” and it’s gonna be bad. Obviously he says he may be wrong but who knows.

He’s throwing around all sorts of hedge ideas but most have about 5k risk for limited protection (unless outright buying of puts). I threw this idea out there to him and waiting for a response. How’s this look for a hedge that will work all the way to zero for limited risk? It’s similar to just buying the puts but with little to nothing out of pocket up front.

How about synthetic short Nov SPX at 2500 (sell call and buy put). Then buy a protective call at 2550 in case we get a rip your face off rally. Net cost out of pocket of about a buck. This hedge should make money all the way to SPX zero with max loss capped at 2550 to the upside. What am I missing? Still risking the usual 5 grand but with unlimited protection to the downside. Sort of a reverse long call diagonal but on a much shorter time frame…

UVXY

Final #LongPutDiagonals #SyntheticShort roll…

Rolled UVXY SEP 22 2017 29.0 Puts to OCT 20 2017 26.0 Puts @ .07 credit

VXX

Another #LongPutDiagonals #SyntheticShort roll of the front month sale. 2019 positions looking great…

Rolled VXX SEP 15 2017 45.0 Puts to VXX SEP 29 2017 43.5 Puts @ .25 credit

#vxxgame

NUGT

#LongPutDiagonals #IRA – Gonna go ahead and roll this now. 2019 #SyntheticShort looking good.

Rolled NUGT SEP 15 2017 40.5 Puts to SEP 29 2017 38.5 Puts @ even

NUGT

Glad you guys reminded me of this one. I’ve been looking to set up a #SyntheticShort or a #LongPutDiagonal on this dog on the next big bounce. Unfortunately there were no 2019’s available…until now. TOS isn’t showing any good quotes on them yet though…maybe tomorrow?