#VXXgame
#LongPutDiagonals #CoveredPuts #Rolling
BTC $UVXY Sept 1st 30 puts for 1.44. Sold for 1.10 on Aug 18th.
Sold to Open Sept 8th 29 puts for 1.77.
#StrangleRoll
BTC $SVXY Sep 15th 77.5 put for 4.20. Sold for 3.70 on July 27th.
STO $SVXY Oct 20th 55/90 strangle for 4.64 (legged in)
#ShortCalls #VXXGame – Just for good measure since I’ve got some decent size short volatility trades going…come and get this Mr. Market!
Adding one strike higher than yesterday…
Sold SVXY DEC 15 2017 102.5 Call @ 2.00
#VXXGame $SVXY Taking a cue from @optioniceman‘s move yesterday, rolling some ITM puts:
BTC SVXY Sept 1st 80 put for 5.35. Sold for 2.80 on July 27th.
BTC SVXY Sept 15th 77.5 put for 5.45. Sold for 3.70 on July 27th.
#Rolling both to: Sold to Open SVXY Oct 20th 68 puts for 5.55.
#VXXGame Closing some profitable short vol positions:
BTC $SVXY Sep 15th put for .41. Sold for 1.90 on Aug 10th
BTC $UVXY Sep 15th 68 call for .45. Sold for 4.70 on Aug 10th.
BTC $UVXY Sep 15th 91 call for .18. Sold for 1.85 on Aug 17th.
BTC $UVXY Sep 1st 68 call for .15. Sold for 1.50 on Aug 17th.
#OptionsExpiration #ContangoETFs #VXXGame #Earnings
— Expired w/Max Profit —
DRIP 35 call
UVXY 68 call
— #Assignment —
PLCE 110 puts, taking stock with 108.00 cost basis.
I will check in Monday from our Eclipse campsite in Dallas, Oregon!
#vxxgame
$UVXY STO 9/15 91 call at 2.05
$UVXY STO 9/08 91 call at 1.20 Thank you UVXY genie @optioniceman
#LongPutDiagonals – Keeping the theta rolling in…
Bought to Close UVXY AUG 25 2017 29.0 Puts @ .25 (sold for 1.25)
Sold UVXY SEP 1 2017 31.0 Puts @ 1.30
#VXXGame Sold $UVXY Sep 8th 28 puts for 1.10. Very possibly will be breached, but easy to roll.
Plus, cleared a few positions with profits to keep my short volatility volume controllable should things get uglier:
Closed $SVXY Sep 15th 50 put for 1.50. Sold as part of the 100/180 strangles for 18.95 in March.
Closed $SVXY Sep 15th 52 put for 1.65. Sold for 1.90 on 8/10
SVXY #shortcalls
Decision time approaching today – take assignment at 81 or realize loss of $11+. I think it will reverse slowly, once it settles at a bottom. The bubble has burst and a snap-back recovery, without tax reform, seems unlikely. Too many variables – I hope I’m not missing any?
#VXXGame Closed $SVXY Sept 15th 90 call for .40. This is the last call I had from the 100/180 strangles I sold for 18.95 back in March. I have one SVXY put remaining. That was sold as a roll, and I got out of most of it at decent prices. But I also rolled some into Sep 15th 77.5 puts, now underwater. #Rolling never ends!
#VXXGame #ShortCalls
Sold to Open $UVXY Sep 15th 91 call for 1.85, and Dec 91 call for 8.00
#VXXGame #LongPutDiagonals #SyntheticShortStock
Bought one of @fuzzballl‘s $UVXY trades for 17.20
Bought Jan 2019 30 put for 19.16
Sold Jan 2019 30 call for 23.91
Bought Jan 2019 40 call for 21.95
I did a study a few years back on buying UVXY LEAP puts to profit on the eventual drop. It’s hard to make much because downside can’t go past zero. So assuming a few reverse splits, the max the long puts can earn is 29.99 (with UVXY trading for .01 in today’s prices). Fuzzy’s trade knocks a couple bucks off entry price than buying the put outright.
#ShortCalls #VXXGame – Sticking to strict position size limits on my naked sales of these things. Booking pretty decent quick profits from the other day and re-selling higher strikes for safety.
Bought to Close UVXY SEP 15 2017 82.0 Call @ 1.07 (sold for 3.40)
Bought to Close UVXY DEC 15 2017 82.0 Call @ 6.15 (sold for 9.60)
Sold UVXY DEC 15 2017 91.0 Call @ 6.00
Sold UVXY JAN 19 2018 91.0 Call @ 7.20
#VXXGame BTC $SVXY Sept 15th 50 put for .70. Sold in the 100/180 strangle for 18.95 on March 21st.
#ShortPuts #VXXGame – Earlier this week:
Bought to Close SVXY SEP 15 2017 42.5 Puts @ .50 (sold for 1.15)
Bought to Close SVXY SEP 15 2017 45.0 Puts @ .57 (sold for 1.27)
Replacing with these and smaller:
Sold 1 SVXY DEC 15 2017 40.0 Put @ 2.77
Sold 1 SVXY DEC 15 2017 45.0 Put @ 3.63
$UVXY #ShortCalls #VXXGame – taking advantage of the new strikes.
Sold 1 UVXY JAN 19 2018 82.0 Call @ 12.10
Sold 1 UVXY MAR 16 2018 82.0 Call @ 14.00
Sold 1 UVXY JAN 18 2019 75.0 Call @ 21.00
I could have taken the money from these sales and bought 100 shares of stock and still would have been cash flow positive.
#NewStrikes #VXXGame – I’ve been sticking mainly to spreads in this thing way out in time for peace of mind and to keep from getting too big. With the NVDA position out of the way I feel more comfortable dipping a toe in on the naked side. Thanks @Iceman for pointing these out. New highest strikes…
These are 200 percent above the all time lows…sometimes that’s not enough so staying small.
Sold 1 UVXY SEP 15 2017 82.0 Call @ 3.40
Sold 1 UVXY DEC 15 2017 82.0 Call @ 9.60
#VXXGame BTC $SVXY Sept 90 call for 1.80. Sold for 4.65 (effective price)
STO $UVXY Aug 25th 68 call for 1.33
$UVXY #ShortCalls #VXXGame – I will be adding to these …. slowly, until even higher strike prices are available.
So far today, the stock has topped out at 39.54
Sold 1 UVXY AUG 18 2017 68.0 Call @ 1.35
Sold 1 UVXY SEP 1 2017 64.0 Call @ 2.82
Sold 1 UVXY SEP 8 2017 64.0 Call @ 4.09
Sold 1 UVXY SEP 15 2017 68.0 Call @ 4.00
Sold 1 UVXY SEP 22 2017 64.0 Call @ 5.10
#VXXGame. Dipping in…
Sold $UVXY Sept 15th 68 call for 4.70 (highest strike)
Sold $SVXY Sept 15th 52 puts for 1.90
Sold $SVXY Jan 2018 25 put for 3.50
#VXXGame BTC $SVXY Sep 15th 90 call for 2.75. Scaling out of this position, this one at a 1.90 gain.
BTC Aug 18th 80 put for 5.65. Sold for 1.95 on July 27th. I want to avoid carrying a lot positions ITM. I will likely keep a few but will be rolling out others.
I plan to replace both with new positions, but first want to wait to see if this becomes an actual correction this time, rather than another head-fake.
$UVXY #ShortCalls #VXXGame – you know UVXY is on the move when they start adding higher strike prices.
Sold 1 UVXY AUG 18 2017 68.0 Call @ 1.05
Sold 1 UVXY SEP 1 2017 64.0 Call @ 2.62
Sold 1 UVXY SEP 8 2017 64.0 Call @ 3.29
Sold 1 UVXY SEP 15 2017 68.0 Call @ 3.67
Sold 1 UVXY SEP 22 2017 64.0 Call @ 4.79
I will be adding to these …. slowly
$UVXY #ShortCalls #VXXGame #Scalptrade – these expire Friday
Sold UVXY Aug 11 2017 52.0 Calls @ 0.28
Sold UVXY Aug 11 2017 63.0 Calls @ 0.11 – highest strike
#VXXGame trades
Sold these near the open:
$SVXY Aug 25 67.50 puts @ 1.10
$SVXY Sep 1 62.50 puts @ 1.10
$SVXY Sep 8 60 puts @ 1.15
$SVXY Sep 15 52.50 puts @ 1.10
$UVXY Aug 25 60 calls @ .94
$UVXY Sep 1 60 call @ 1.40
$UVXY Sep 8 60 call @ 1.70
$UVXY Sep 15 65 call @ 2.27
$UVXY Sep 22 55 call @ 3.13
$UVXY Dec 15 65 call @ 7.00
$UVXY Jan 19 2018 65 call @ 8.10
$UVXY Mar 16 2018 60 call @ 9.00
#Earnings #LongCalls #LongStock
Remaining $ZNGA long stock closed yesterday on trail stop for 3.70. Breakeven on that half, small loss on the first half. Over all just under $100 loss on a long-call purchase.
#VXXGame BTC $SVXY Sep 50 puts yesterday for .53. Sold in the 100/180 strangle (after split: 50/90) for 18.95 on March 21st.
#SPXcampaign Overnight: Closed on GTC order: $SPX Aug 17th 2515/2540 call spreads for .20. Sold for 1.60 on July 19th.
This morning: Closed on GTC order: SPX Aug 25th 2525/2550 call spreads for .20. Sold for 1.75 on July 25th.
$VIX $UVXY $SVXY – just to get perspective on the magnitude of these potential moves.
7/6/2017 VIX=13 UVXY=45 SVXY=75 (approximately)
7/12/2017 VIX=10.85(on it’s way down to 8.84 on 7/26) UVXY=38.48 SVXY=80.83
Today(premarket) VIX=12.63 UVXY=32.80 SVXY=86.22
#VIXIndicator A downside signal has fired in the pre-markets, with VIX passing 12.41. This cancels the Upside Warning, and puts us on notice that more downside is possible. If the VIX hits 13.26, that would be a full-fledged Warning.
For those trading #VXXGame, be careful if you are carrying multiple short volatility positions. Take profits early; don’t always wait for expiration!
For less than .05.
Bought to close $UVXY1 Sep 15 55 calls @ .04. Sold for .60 on 5/17
Bought to close $UVXY1 Sep 15 60 calls @ .04. Sold for .70 on 6/29
#VXXGame
$UVXY #ShortCalls #VXXGame – Sold UVXY Aug 4 2017 36 Calls @ 0.28 with the stock at 29.97.
20% OTM and expires Friday
$SVXY #ShortCalls #VXXGame – Sold 1 SVXY JAN 18 2019 165.0 Call @ 6.00 with the stock at 91.20.
Along with all the UVXY calls I sold last week, I’m comfortable with this position.
#VXXGame – Only had to go up 8 cents above my standing offer to get filled. Making room for some more sales if we spike a little higher.
Bought to Close UVXY1 JAN 19 2018 25.0/40.0 Bear call spreads @ .38 (sold for 2.70)
#VXXGame So that appears to be what constitutes a “correction” in 2017, huh? Stay long and strong?
#ReverseDoubleRoll
BTC $SVXY Sept 15th 90 call for 7.45. Sold as the 100/180 strangle (pre-split) for 18.95 on 3/21.
Sold (2) SVXY Sept 77.5 puts for 3.70.
That’s one down, 3 more short 90 calls to roll.
$UVXY #ShortCalls #VXXGame – small positions for farther out in time. Highest available strike.
Sold 1 UVXY Sep 15 2017 65.0 Call @ 2.59
Sold 1 UVXY Dec 15 2017 65.0 Call @ 6.70
$UVXY #ShortCalls #VXXGame #OptionLadder – Finally a spike !!!
Sold UVXY Aug 4 2017 60.0 Calls @ 0.32
Sold UVXY Aug 11 2017 60.0 Calls @ 0.51
Sold UVXY Aug 18 2017 60.0 Calls @ 1.23
Sold UVXY Aug 25 2017 60.0 Calls @ 1.25
Sold UVXY Sep 1 2017 60.0 Calls @ 1.93
#VXXGame Sold to Open these $SVXY puts, my first in awhile, against several SVXY short calls:
Aug 18th 80 put for 1.95
Sept 1st 80 put for 2.80
Sept 15th 75 put for 3.25
#TakeOneForTheTeam #VXXGame – Filled on the little pop…
Bought to Close SVXY JUL 28 2017 95.0/90.0 Bull Put Spreads @ 1.76 (sold for 3.26)
#VXXGame #ContangoETFs – Bought to Close UVXY1 JAN 19 2018 30.0/40.0 Bear Call Spreads @ .20 (sold for 1.75)
#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.
#VXXGame #BearCallSpreads #IRA – Added a few…
Sold UVXY JAN 18 2019 10.0/25.0 Bear Call Spreads @ 5.34
#VXXGame Wednesday, BTC SVXY July 21st 87.5 calls for 2.82. Sold as 170 call for 175 call for 3.00 on June 16th. Since I now had two options from the split, had to pay 2.82 x 2, so loss on the trade.
Today: BTC (1) SVXY July 21st 85 call for 4.66. Sold as the 170 call for 4.80 on June 16th. Another loss; waiting to close the other one before the close.
#VXXGame – Think I’ll let the last of my stock get called away this week. I’ll try selling the covered position if I can get a similar price to save the exercise fees too. Would like to replace it so going this route to limit downside if we implode but still get a great return if it continues up.
Sold SVXY JUL 28 2017 95.0/90.0 Bull put spreads @ 3.26
#TakeOneForTheTeam #VXXGame – Let’s see how this goes….staying small enough to widen or add if a roll is needed. Also to partly hedge the short SVXY calls out in Jan.
Sold UVXY SEP 15 2017 35.0/40.0 Bear call spreads @ .81
Was out all day yesterday but filled on a couple standing orders I had…
Bought to Close NFLX JUL 21 2017 160.0/155.0 Bull put spreads @ .10 (sold for 2.05) Thanks @Jeff !
Sold UVXY Jan 19 2018 30.0/40.0 Bear call spreads @ 2.20
Sold UVXY Jan 18 2019 10.0/25.0 Bear call spreads @ 5.08
Sold UVXY Jan 18 2019 5.0/15.0 Bear call spreads @ 5.04
I’m only doing this to trim back position size which had gotten too big during the volatility a few weeks ago. Taking these off at a good profit % and making room to sell more on the next volatility spike.
Bought to close:
$SVXY Aug 4 42.50 puts @ .09 Sold for .53 on 7/6
$SVXY Aug 4 45.00 puts @ .05 Sold for .70 on 7/6
$SVXY Aug 4 47.50 puts @ .12 Sold for .73 on 7/5
$SVXY Aug 4 50.00 puts @ .12 Sold for .75 on 6/27
$SVXY Aug 11 42.50 puts @ .10 Sold for .60 on 7/6
$SVXY Aug 18 35.00 puts @ .08 Sold for .53 on 6/29
$SVXY Aug 18 37.50 puts @ .15 Sold for .62 on 5/31
$SVXY Aug 18 40.00 puts @ .17 Sold for .70 on 5/31
$SVXY Aug 18 42.50 puts @ .21 Sold for .90 on 5/31
$SVXY Aug 18 45.00 puts @ .27 Sold for 1.25 on 6/15
$SVXY Sep 15 27.50 puts @ .18 Sold for .80 on 3/23
#VXXGame
$UVXY #ShortCalls #VXXGame – Sold 1 UVXY Sep 15 2017 65.0 Call @ 2.37 to start a new position.
This was the only one I could get done before UVXY gave up it’s early morning gain.
$UVXY #VXXGame – New options start trading today. Highest strike across the board is 65.0 on the MONTHLY expirations = 16.25 strike on the old options.
A move to that strike would represent a stock move of about 100%, and imply a 25% drop in $SVXY.
Tread cautiously.
#OptionsExpiration #Earnings #VXXGame
— Expiring —
PEP 110/113/117/120 iron condors. Sold for .85 on Tuesday
SVXY 140 put. Sold for 2.75 on July 5th.
Also, closed on GTC order after the bell: UVXY July 28th 20 calls for .03. Sold for .60 on July 6th.
#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? 🙂
$SVXY #ShortCalls #VXXGame – Sold 1 SVXY Jan 18 2019 330.0 Call @ 9.40.
Adding to this position on the last day before the 2-1 split.
Highest available strike price.
— Expiring —
SVXY 135 & 140 puts
$UVXY #ShortCalls – Sold UVXY Jul 28 2017 20.0 Calls @ 0.59 with the stock at 10.98.
#VXXGame Sold to Open $SVXY July 14th 140 put for 2.75
#SPXcampaign #VXXGame Sold a couple that expire this Friday:
$SPX July 7th 2415/2390 put spreads for 3.00
$SVXY July 7th 135 puts for .55
#VXXgame BTC $SVXY June 30th 148 puts for .10. Sold on Tuesday for .75. Just staying clear of any intraday collapse.
$UVXY #ShortCalls #VXXGame #OptionLadder – added on to all these positions today –
Sold UVXY Jun 30 2017 12.5 Calls @ 0.36 – expires tomorrow
Sold UVXY Jul 7 2017 18.0 Calls @ 0.27
Sold UVXY Aug 18 2017 23.0 Calls @ 1.11
Sold UVXY Sep 15 2017 60.0 Calls @ 0.67
Sold UVXY Dec 15 2017 37.0 Calls @ 1.93
Sold UVXY Jan 19 2018 60.0 Calls @ 1.38
Sold UVXY Jan 18 2019 60.0 Calls @ 2.10
$UVXY #ShortCalls – Sold UVXY JUL 7 2017 12.5 Calls @ 0.27. Short trading week next week.
Closing #VXXGame trades
I’m gonna start peeling these off if they get down to .05 or less to close and more than a week to go until expiration.
Bought to close $SVXY Jul 7 95 puts @ .04. Sold for 1.20 on 6/12.
#VXXGame Thanks for the ideas on strikes. Was only filled on a couple…
STO SVXY June 30th 148 puts for .75
STO SVXY July 7th 140 put for 1.25
In anticipation of the next split I’m selling the rest of this position. Order has been in for awhile but wasn’t getting filled so came down a nickel…throw ’em in the drawer and check in six months. Got 2.92 for the first batch…taking a little less here.
#IRA #VXXGame – Once we get another reverse split and a little more drop after that I’ll cover these. Looking for 50 percent of max…
Sold UVXY JAN 18 2019 5.0/15.0 Bear call spreads @ 1.92
#OptionsExpiration #VXXGame #Earnings
—Expiring—
AZO 720 calls
NVDA 135 put
PANW 135 call
THO 80 puts
SVXY 95,100,105,115,120,135, and 140 puts
—Assignment—
PANW 130 call, half of remaining stock called away, cost basis 126.69.
#VXXGame Closed $SVXY June 16th 155 call for 3.85. Sold for 5.25 on 4/25. Held through a lot on that one. But premiums are pretty rich for July expiration 10 bucks above all-time highs:
Sold to Open SVXY July 21st 170 call for 4.80
Sold to Open SVXY July 21st 175 call for 3.00
#VXXGame Sold these near the open:
STO SVXY June 16th 120 put for 1.00
STO SVXY June 16th 115 put for .85
STO SVXY June 16th 105 put for .40
#VXXGame
STO SVXY Jun 16 $110 puts @ $0.60
STO SVXY Jun 23 $97 puts @ $0.54
STO SVXY Jun 23 $90 puts @ $0.64
STO SVXY Jun 30 $95 puts @ $0.70
STO SVXY Jun 30 $102 puts @ $1.28
STO SVXY Jul 7 $90 puts @ $0.91
STO SVXY Jul 14 $75 puts @ $0.65
STO SVXY Jul 21 $82 puts @ $1.05
STO SVXY Jul 21 $85 puts @ $1.25
STO UVXY Jun 30 $22 calls @ $0.35
Some of these I was clearly “early” and could have gotten better prices had I waited.
#vxxgame
$SVXY STO 6/9 140 put @ .80
$SVXY STO 7/9 113.50 put @ 2.05 Thank you @jdietz1954
#vxxgame
$SVXY STO 6/16/120 put @ 1.45 Thank you @jdietz1954
#optionsexpiration #spxcampaign
$SPX 2390/410 BUPS
$SPX 2275/2300 BUPS
#vxxgame
$SVXY 85 put
$SVXY 110 put
$SVXY 115 put
Closed Early
#spxcampaign
$SPX BTC 2410/2430 BUCS @17% Max Profit Thank you @jeffcp66 for risk reversal thoughts
#vxxgame
$SVXY BTC 5/26 146 put @ .20 STO @ 5.06
#spxcampaign
$SPX BTO 2424/2445 BUCS @ 1.20 Risk reversal trade
Everyone have a great Memorial Day weekend. For all the veterans out there – Thank you so much.
And to all the bistroites – you are the best.
Options Bistro 