#SPXcampaign I was going to let this expire but forgot I had put an order in this morning to close it.
BTC $SPX March 26th 2415/2390 put spreads for .50. Sold for 5.20 yesterday.
#OptionsExpiration #VXXGame only one…
Expired with full profit: SVXY 85 puts, sold May 17th for .40
Have a great holiday weekend everyone!
#vxxgame
$SVXY STO 6/30 95 puts @ .90 Thank you @jsd501
#spxcampaign
Long Call Spread Experiment
Closed partial position covering initial cost
$SPX STC 5/26 2410/2430 @ 7.20 BTO @2.95 Nicely done @jeffcp66
#spxcampaign
$SPX STO 5/26 2390/2410 BUPS @ 1.30 Thank you @jeffcp66
$SPX STO 5/31 2395/2420 BUPS @ 7.05 (Smaller position than normal) Thanks @jeffcp66
Taking some risk off for almost full profit into the volatility contraction.
Bought to close:
$UVXY Jun 2 40 calls @ .04. Sold for 1.50 on 4/18
$UVXY Jun 16 50 calls @ .04. Sold for 1.80 on 4/13
$UVXY Jun 16 60 calls @ .04. Sold for 4.00 on 1/30
#VXXGame Yesterday, bought to close $SVXY June 16th 130 call for 12.45. Sold for 6.40 on Dec 21st.
Today, #StrangleRoll, Sold Dec 95/210 strangle for 12.90
$UVXY #ShortCalls #VXXGame – Sold all these earlier with UVXY near 15.80.
Sold 1 UVXY Sep 15 2017 60.0 Call @ 1.19
Sold 1 UVXY Jan 19 2018 60.0 Call @ 2.30
Sold 1 UVXY Jan 18 2019 60.0 Call @ 4.19.
All these are the highest available strike prices
#VXXGame – Adding one…
Sold UVXY JAN 18 2019 60.0 Call @ 3.75
#ShortPuts #VXXGame – After selling those additional puts earlier this week I promised myself I’d thin the herd if things got dicey. Since I’m probably going to be long 100 shares this week from my 160/155 BuPS I’m playing it really safe. Still nice winners and reduces a lot of risk…and I absolutely hate seeing winners turn into losers.
Bought to Close SVXY JAN 19 2018 55.0 Puts @ 1.75 (sold for 2.85)
Bought to Close SVXY JAN 19 2018 60.0 Puts @ 2.35 (sold for 4.55)
$UVXY #ShortCalls #VXXGame – adding to this position at the highest strike
Sold UVXY Jul 21 2018 32.0 Calls @ 0.96
#IRA #ShortCalls #VXXGame – I know this sounds backasswards but these were practically unchanged on the little bounce right after the open. Thinning out some risk and looking to sell lower eventually…
Bought to Close SVXY SEP 15 2017 60.0 Put @ .81 (sold for 3.15)
Bought to Close SVXY SEP 15 2017 65.0 Put @ .96 (sold for 3.97)
Bought to Close SVXY SEP 15 2017 70.0 Put @ 1.20 (sold for 3.25)
And one small sale:
Sold SVXY DEC 15 2017 70.0 Put @ 2.30
#VXXgame
Sold SVXY june 16th 100 put for 1.20
Sold SVXY June 16th 140 put for 6.50 (hedge against underwater calls)
/ES down 15
/VX around 12.55
Gold up, bonds up
Let’s hope this holds and we can get some #VXXGame trades on and maybe some NUGT trades.
#VXXGame – Sort of a #TakeOneForTheTeam but pretty conservative. I’m losing a lot of long deltas from Sep and Jan put sales down in the 50, 55, 60, and 65 area so adding a few higher with a close eye on the previous ones. I’ll book those if things get dicey and leave these new ones. My position size is bigger temporarily but it won’t be if we get weak. These are margin free against short calls…
Sold SVXY JAN 19 2018 70.0 Put @ 2.56
Sold SVXY JAN 19 2018 75.0 Put @ 3.21
Sold SVXY JAN 19 2018 80.0 Put @ 3.90
#ShortCalls #VXXGame – Looks like my tiny stock position will go away today so will be needing some protection for a bunch of Jan 2018 short calls. Even though all the strikes are above even my most aggressive projections for SVXY, I’m trying a new style of “protection”.
Sold 3 SVXY JAN 19 2018 200.0/190.0 Bull put spreads @ 7.20
If she continues up towards my lowest SVXY projection, this makes nice cash prior to any short call strikes getting hit. If it tanks, no matter how low it goes, I’ll own the stock 2.80 below where it’s trading at the time.
Anything between 200 and 225 (my lowest call strike) everything is a max winner and 2018 will be off to a great start. Reasonable protection for cheap with very little downside risk. I like it!
EDIT… ” I’ll own the stock 2.80 below where it’s trading at the time”.
Taking some #VXXGame trades off into the strength
Lightening the load in expirations that I had a heavier presence–bought to close:
$UVXY May 26 40 calls @ .04. Sold for 1.80 on 4/13
$UVXY May 26 42 calls @ .04. Sold for .80 on 4/21
$SVXY Jun 16 60 puts @ .20 Sold for 1.41 on 2/15.
$SVXY Jun 16 64 puts @ .12. Sold for 1.33 on 3/24.
Gangbuster week with consolidating indices and no losers in earnings trades (one breakeven and one assignment)
#SPXcampaign
Sold to Open $SPX June 2nd 2310/2285 put spreads for 1.50
#VXXGame
BTC $SVXY May 26th 85 put for .15. Sold for 1.45 on Apr 21st
#Earnings
Sold to close $GRPN May 5th long 4 puts for .62; filled near the open, breakeven on the 4 straddle.
Previously closed winners this week: CMI, TSLA, CHTR, MELI, STMP.
#OptionsExpiration
— Expiring w/max profit —
$FB 146, 147, and 148 puts
$REGN 355/375/430/450 iron condors
— Expiring worthless (breakeven) —
$SPX risk/reversal: Long 2415/2435 call spreads, short 2435/2415 put spreads
— Assignment —
$TAP 92/95/98 Iron Butterfly; taking the stock from 95 puts, cost basis 93.00. I was going to close this for breakeven but missed the fill.
Pretty Sure These Will Expire Worthless
#spxcampaign
$SPX 2225/2250 BUPS Hail to the @jeffcp66eff
$SPX 2170/2270 BUPS Thank you @fibwizard
$SPX 2300/2350 BUPS Hail to the @jeffcp66eff
$WYNN 105/110 BUPS
$NFLX 145/150 BUPS
#vxxgame
$UVXY 40 calls Thanks @honkhonk81
$SVXY 81 puts
$SVXY 90 puts
$FB 146 puts Thanks @jeffcp66 Earnings Trades
$STMP 90 puts Thanks @jeffcp66 Earnings Trades
Have a great weekend everyone.
$UVXY #ShortCalls #VXXGame – Bought to close UVXY3 JUN 16 2017 31.0 Calls @ 0.01 in 4 separate accounts this morning. Still 43 days left until expiration and they won’t trade any lower.
These are the old pre-split contracts. At the time they were sold they were the highest available strike.
Sold on 10/27/16 @ 4.00
Sold on 10/28/16 @ 4.40, 4.50
Sold on 11/01/16 @ 5.25, 5.45, 5.50, 5.60
#VXXGame Closing the call to free up margin for more earnings trades. I will consider replacing it later.
Closed $SVXY June 16th 140 call for 15.10. Sold for 6.60 on Jan 2oth as a roll.
Closed $SVXY May 90 puts for .165 (avg price). Sold for 1.95 on Apr 19th.
#SPXcampaign
Bought to close $SPX May 18th 2210/2185 put spreads for .20. Sold for 1.35 on Apr 21st.
Expired: SPX May 1st 2380/2355 put spreads. Sold for 4.65 last Tuesday.
#VXXGame
BTC SVXY May 19th 85 put for .15. Sold for 1.28 on Apr 21st.
BTC SVXY June 16th 75 put for .30. Sold for 3.40 on Feb 23rd.
Reducing short vol exposure.
Bought to close the following:
$UVXY May 12 27.50 calls @ .03. Sold for 1.13 on 3/31.
$UVXY May 12 30 calls @ .03. Sold for 2.10 on 4/11.
$UVXY May 12 40 calls @ .03. Sold for 1.35 on 4/12.
$UVXY May 19 39 calls @ .03. Sold for 1.70 on 3/21.
$UVXY May 19 40 calls @ .04. Sold for 1.00-1.50 on 4/3-4/11.
Have a lot more to go. With the market at these levels I have a quick hook on positions that are getting under .05 to cover.
#VXXGame
$VIX #VXXGame – the VIX is a 10.37 and is right at near term support. I know it can stay low for extended periods of time but this is the area where it has bounced from in the past.
Looking out a few weeks I would expect another bounce to the 12 area. That is where I start selling volatility again.
For now I’m letting old positions roll off via expiration or covering longer term positions if they continue to decay toward minimum value.
#spxcampaign
$SPX 5/5 2300/2350 BUPS @ 2.00
#vxxgame
$SVXY BTC 5/12 65 put @ .05 Sold 4/13 for .50
#VXXgame #StrangleRoll Getting out of ATM and ITM SVXY call positions, one at a time…
Bought to close $SVXY Jun 16th 140 call for 12.75. Sold for 6.60 on Jan 20th
Sold to Open SVXY Jun 16th 135/155 strangle for 13.15
Also, BTC UVXY May 5th 40 call for .01. Sold for .75 on Apr 13th
#VXXGame After selling multiple options on volatility spikes, I usually prefer to close them for 80-95% of max profit rather than wait for expiration. So I put close orders on all short volatility positions today. These filled:
BTC SVXY May 19th 75 put for .12. Sold for 1.30 on Apr. 11
BTC SVXY May 12th 65 puts for .05. Sold for .60 on Apr 13th
Good News
#optionsexpiration
$BABA 100/105 BUCS
$AMZN 780/805 BUPS
$AMZN 830/840 BUPS
$AMZN 865/875 BUPS
$AMZN 850/860 BUPS
$REGN 355/360 BUPS
$NFLX 120/130 BUPS
$GOOGL 800/820 BUPS
$LABU 44 calls
$SVXY 95 puts
$NKE 55 puts
$LULU 50 puts
Rolled a Few (No not that!)
$OCLR 10 put rolled to 5/19 @ additional .30
$SNAP 22 put rolled to 5/12 @ additional 1.20
NOT So Good News (Actually one is quite bad)
$GILD 70/72.50 BUPS Total Loss
$TSLA 310/300 BECS 400% loss based on initial cash taken in.
Earnings Trades
$IBM and $GS Butterflies B/E
$RENN 8/9 BUPS fun while it lasted
$EBAY 32.50 put assigned
Bad Trade
Assigned $KATE 23 put
Today’s Trades
#vxxgame
$SVXY 5/19 85 put @ 1.25. Thank you @jsd501
Thanks to everybody for sharing ideas and trading techniques.
Have a wonderful spring weekend.
#Earnings #Rolling #ITMroll #ContangoETFs #VXXGame
Bought to close $PANW Apr 21st 135 put for 25.50, to avoid early assignment.
Sold to Open PANW May 17th 135 put for 25.90
Sold to Open $DUST May 21st 35 calls for 1.40
Sold to Open $SVXY May 21st 90 puts for 1.95
#Early Close
$SPX BTC 4/17 2415/2390 BECS @ 93% profit Thank you @jeffcp66
$SPX BTC 4/21 2445/2420 BECS @ 95% profit Thank you @jeffcp66
$ABX BTC 4/21 16/20 BUPS @ 71%
$REGN BTC 4/21 425/420 BECS @ 93% profit Thank you @thomberg1201
#spxcampaign
STO 4/28 2405/2380 BECS @ 3.60 Thank you @jeffcp66
#vxxgame
$SVXY STO 5/5 90 put @ 1.50
$SVXY STO 5/12 65 put @ 1.50 Thank you @optioniceman
$SVXY STO 4/28 115 put @ 1.50
$UVXY STO 5/5 40 call @ .75
Been gone all week with grandkids in Washington DC. Catching up.
Thanks to everyone.
Have a peaceful Easter weekend.
Lowest strike in the new weekly series that started trading today.
Sold $SVXY Jun 2 75 puts 2 @ 1.60
#VXXGame
#VXXGame. Sold a few positions… followed trades from Bistro members…
Sold SVXY May 19th 75 put for 1.30 (Tuesday)
Sold SVXY May 12th 65 puts for .60 (today)
Sold UVXY May 5th 40 call for .75 (today)
UVXY #VXXGame trades
Sold:
$UVXY May 5 40 calls @ .85 Highest strike
$UVXY May 26 40 calls @ 1.80 Highest strike.
$UVXY Jun 16 50 calls @ 1.80
$UVXY Jan 18 2019 60 call @ 7.30 Following Iceman in a #ClassicVXXGame trade from yesterday.
$UVXY #ShortCalls #VXXGame – Sold UVXY May 5 2017 40.0 Calls @ 0.75. New Highest strike.
Strike 40’s are now available for all weekly expirations.
#VXXGame
Unfortunately I was tied up in meetings until noon Central, so missed the best prices of the day. Made a few trades but holding back. With the downside warning in place, will be a bit cautious. Contango in the VIX futures got much steeper today.
BTC $UVXY Apr 13 $40 calls @ $0.01 (sold for $0.50)
BTC $SVXY Apr 21 $70 puts @ $0.04 (sold for $0.95)
STO $UVXY May 26 $30 calls @ $2.10
STO $UVXY May 19 $39 calls @ $1.20
STO $UVXY May 12 $30 calls @ $1.75
STO $SVXY May 5 $80 puts @ $0.66
STO $UVXY Apr 13 $21 calls @ $0.46, high risk so stayed small
Holding onto a lot of dry powder in case things get sporty from here.
$UVXY #ShortCalls #VXXGame – staying small at the top of the chain with the stock at 20.44
Sold 1 UVXY MAY 12 2017 30.0 Call @ 2.14
Sold 1 UVXY MAY 19 2017 39.0 Call @ 1.59
Sold 1 UVXY MAY 26 2017 30.0 Call @ 2.63
Sold $UVXY Apr 28 39 calls @ .60. Highest strike.
#VXXGame
Added at highest strike:
Sold $UVXY May 12 30 call @ 2.10
Sold $UVXY May 5 39 calls @ .85
Added some more:
Sold $UVXY Apr 21 30 calls @ .53
#VXXGame trades
Sold $SVXY May 26 75 put @ 1.25
Sold $UVXY May 26 30 call @ 2.20 (highest strike)
#OptionsExpiration #VXXGame #CoveredCalls #SPXcampaign
–Expiring–
PANW 125 covered call
UVXY 31 calls
Also, closed earlier today: SPX Apr 10th 2320/2295 put spreads for .20. Sold for 1.75 on March 29th.
$UVXY Jun 16 45 calls @ 1.02
#VXXGame
#ShortPuts #IRA #VXXGame – Sold SVXY MAY 12 2017 95.0 Put @ 2.25
$UVXY #ShortCalls #VXXGame – Sold UVXY MAY 19 2017 39.0 Calls @ 0.73. The new highest strike price.
–Expiring–
SVXY 110 put
UVXY 28 calls
Sold $UVXY May 12 27.50 calls @ 1.13. Highest strike.
#VXXGame
Taking off some short volatility positions at near max profit.
Bought to close $SVXY Apr 13 85 puts @ .05 (sold for .40 on 3/21)
Bought to close $UVXY Apr 21 41 calls @ .04 (sold for 1.57 on 2/23)
#VXXGame
#ShortPuts #VXXGame – Late fill…
Bought to Close SVXY APR 13 2017 95.0 Put @ .10 (sold for 2.25)
I added to this position on the volatility spike in late February, doubling my size, so I’m taking the second half off today at a nice profit, to reduce my exposure a bit. Leaving the original position on for now.
Bought to close $UVXY Sep 15 60 calls @ 1.37. Sold for 5.00 on 2/24.
#VXXGame
#VXXGame trades
Sold:
$UVXY Jan 19 2018 60 call @ 4.70 (highest strike)
$UVXY Jan 18 2019 60 call @ 6.15 (highest strike)
$SVXY May 19 65 puts @ 1.10
#CoveredCalls #VXXGame – Was holding stock at a 120.75 basis covered by 127 calls for this week. Sold stock in pre-market @ 128.30.
And:
Rolled 127 calls to Jan 2018 225, 230, and 235 strikes for a total credit of .95
With our recent increase in SVXY and UVXY trading I thought it might be a good time to pull this out of the archives…
http://seekingalpha.com/article/2250783-how-uvxy-and-svxy-would-have-reacted-in-2008-and-2011?page=7
UVXY to 222 and SVXY to 3? Run that through the TOS analyze tab with current positions and see how it looks. Not a pretty site. Chances are slim but anything is possible with the chance of things going bump in the night over in North Korea or the South China Sea. Let’s be careful out there!
$UVXY #ShortCalls #VXXGame – a little bounce to 19 today
Sold UVXY Mar 31 2017 31.0 Calls @ 0.26 – these expire next week
Sold UVXY Apr 7 2017 35.0 Calls @ 0.36
Sold UVXY Apr 13 2017 35.0 Calls @ 0.49
Sold UVXY Apr 21 2017 41.0 Calls @ 0.41 – Highest strike
Sold UVXY May 5 2017 32.0 Calls @ 1.27 – Highest strike
Sold UVXY May 19 2017 30.0 Calls @ 2.09 – Highest strike
Sold UVXY Jun 16 2017 60.0 Calls @ 1.30 – Highest strike
Sold UVXY Sep 15 2017 60.0 Calls @ 2.75 – Highest strike
Sold UVXY Jan 19 2018 60.0 Call @ 4.35 – Highest strike
#VXXgame Just dabbling. I want to reserve cash for a really big vol pop, if we get one. I’d rather not start in the hole.
STO SVXY April 21st 90 puts for 1.00
STO UVXY April 21st 31 call for .91
$UVXY #ShortCalls #VXXGame – selling additional calls this morning with the stock at 18 –
Sold UVXY Apr 28 2017 35.0 Calls @ 0.80 – Highest strike
Sold 1 UVXY May 19 2017 30.0 Call @ 1.79 – Highest strike
#VXXGame trades
Sold the following:
$UVXY Apr 28 35 calls @ .75 (highest strike)
$SVXY Mar 31 115 puts @ 1.30
$SVXY Apr 28 90 puts @ 1.35
$SVXY #VXXGame
STO Apr 28 $85 put @ $1.00
STO May 19 $80 put @ $1.49
Not planning to make any additional trades until after the health care vote on Thursday.
$UVXY Adding some weeks in April I didn’t have exposure in
Sold $UVXY Apr 7 30 calls @ .32
Sold $UVXY Apr 13 30 calls @ .42
#VXXGame
#VXXGame A few more trades
STO $UVXY Mar 31 $24.5 calls @ $0.31
STO $UVXY Mar 31 $26 calls @ $0.25
STO $UVXY Apr 7 $29.5 calls @ $0.32
STO $SVXY Mar 24 $115 puts @ $0.30
STO $SVXY Apr 7 $90 puts @ $0.35
STO $SVXY Apr 13 $90 puts @ $0.40
#VXXGame #StrangleRoll
#Rolling out some ATM calls to an OTM #ShortStrangles which requires much less margin to carry.
BTC $SVXY June 135 calls for 18.35. Sold for 8.05 on Jan 20th.
STO $SVXY Sept 100/180 strangles for 18.95.
$UVXY #ShortCalls #VXXGame – Sold 1 UVXY May 19 2017 30.0 Call @ 1.69. Highest available strike price and my first trade in this series.
#vxxgame
UVXY sold April 21 31 call for .61
Sold $SVXY May 19 85 puts @ 1.65
#VXXGame
#OptionsExpiration #SPXcampaign #Earnings #IronCondor #ShortStrangles #VXXGame
— Expired —
AZO 670/680/780/790 iron condors
REGN 350 put
SPXPM 2340/2315 put spreads
SPXPM 2350/2325 put spreads
SVXY 100, 110, and 120 puts
UVXY 32 calls
–Assignment–
SVXY 100 call – assigned short stock. This was assigned a couple days ago. Will probably roll into ITM options if no correction starts soon.
–Exercised–
SPXPM 2385/2360 put spreads — got whipsawed this week, and tried to ride this one out today, but got crushed at day’s end. Looks like a 6.87 loss. Will add it to my list of rolls.
#VXXGame STO $SVXY March 17th 120 puts for .65 (expire Friday)
STO SVXY March 31st 110 put for 1.50
STO $UVXY April 7th 31 calls for .54
$UVXY #ShortCalls #VXXGame – Sold UVXY Jun 16 2017 60.0 Calls @ 1.38 with the stock at 19.05
#VXXGame
STO Mar 31 $86.5 puts @ $0.41
#VXXGame
STO Apr 7 $40 calls @ $.38
STO Apr 13 $40 calls @ $.50
#VXXGame
STO $UVXY Mar 17 $26 calls @ $0.33
STO $UVXY Mar 24 $32 calls @ $0.25
#OptionsExpiration #VXXGame #shortcalls
only one this week:
UVXY 26 calls
$UVXY #ShortCalls #VXXGame #TopOfTheChain – sold all these this morning at the highest available strike.
Sold 1 UVXY MAR 31 2017 33.5 Call @ 1.84
Sold 1 UVXY APR 21 2017 41.0 Call @ 1.95
Sold 1 UVXY JUN 16 2017 60.0 Call @ 2.90
Sold 1 UVXY SEP 15 2017 60.0 Call @ 4.60
$SVXY #ShortPuts #VXXGame – Sold all these just after the opening with the stock at 120.
SVXY Apr 21 2017 75.0 Puts @ 1.50
SVXY Jun 16 2017 67.0 Puts @ 2.85
SVXY Sep 15 2017 35.0 Puts @ 0.72
SVXY Sep 15 2017 45.0 Puts @ 1.45
SVXY Sep 15 2017 50.0 Puts @ 2.10
Made a few trades and now just watching.
STO $SVXY Apr 21 $65 puts @ $0.90
STO $UVXY Mar 17 $46 calls @ $0.40
STO $UVXY Mar 24 $45 calls @ $0.55
Some #VXXGame trades
Sold $UVXY 9/15 60 calls @ 5.00. Highest strike.
Sold $SVXY 4/7 86.50 puts @ 2.05. Lowest strike.
$UVXY #ShortCalls #VXXGame – Sold 1 UVXY JUN 16 2017 60.0 Call @ 2.59 at the bell
$SVXY #VXXGame
STO Apr 21 $70 puts @ $0.95
STO Apr 21 $75 puts @ $1.25
STO Jun 16 $68 put @ $2.58 (followed @optioniceman)
Options Bistro 