shortputvert

NaughtyPines NaughtyPines SPY, D, Long , 12 days ago
SPY: TRADE IDEA: SPY APRIL 21ST 230/233 SHORT PUT VERT
89 0 8
SPY, D Long
TRADE IDEA: SPY APRIL 21ST 230/233 SHORT PUT VERT

This is a defined risk variation on a Tom Preston (Dough/TastyWorks) play, where he sells the monthly SPY put with a 68% probability of expiring worthless. He generally does this on the Monday following the monthly opex; I'm doing it a few days early ... . While I'm using it as a delta hedge of a core SPY position (I'm in need of a touch of long delta), it's ...

NaughtyPines NaughtyPines IWM, D, 3 months ago
IWM: ROLLING: IWM DEC 16TH 128/132 SHORT CALL VERT ...
67 4 7
IWM, D
ROLLING: IWM DEC 16TH 128/132 SHORT CALL VERT ...

... to the Dec 23rd 130/135 for a .25 credit. I previously rolled to the Dec 16th expiry with the intention of setting up an iron fly there by selling a put side against. Unfortunately, I set up the short put vert (which I sold for .43 cr) in the Dec 23rd expiry, so at that point, I had a weird ass setup -- a Dec 16th 128/131 short call vert with a Dec 23rd ...

NaughtyPines NaughtyPines IWM, D, 3 months ago
IWM: OPENING: IWM JAN 20TH 123/126 SHORT PUT VERTICAL
20 0 2
IWM, D
OPENING: IWM JAN 20TH 123/126 SHORT PUT VERTICAL

This really doesn't make sense to do in this low volatility environment as a stand alone trade, but I'm delta hedging/unit balancing out in the Jan 20th expiry ... . The Jan 20th IWM delta is overall a bit shorter than I'd like, so I'm just picking up some small long delta here to balance.

henriqetome henriqetome USDCAD, 60, 4 months ago
USDCAD: USDCAD short position
70 0 3
USDCAD, 60
USDCAD short position

USDCAD H1 im buying at the 50% fibonacci level then i have a pedant order to short USDCAD

NaughtyPines NaughtyPines IWM, D, 4 months ago
IWM: OPENING: IWM DEC 23RD 135/138 SHORT PUT VERT
33 0 3
IWM, D
OPENING: IWM DEC 23RD 135/138 SHORT PUT VERT

Here, I'm opening a short call vertical to pair with a short put vertical that I originally put on as a delta hedge. IWM, after all, is looking overextended, toppy here, and I want to have more short delta in place for my overall IWM position if the election "exuberance" begins to wear thin. I filled the spread for a .52 ($52)/contract credit and will look to ...

NaughtyPines NaughtyPines IWM, D, 4 months ago
IWM: OPENING: IWM DEC 23RD 116/119 SHORT PUT VERT (DELTA HEDGE)
33 0 3
IWM, D
OPENING: IWM DEC 23RD 116/119 SHORT PUT VERT (DELTA HEDGE)

My current IWM positions are skewing more delta negative than I would like, even after rolling up the short put sides of those yesterday to delta balance. Much as I hate to do it here (general rule: buy on weakness, sell on strength), I'm adding in a "smidgeon" of IWM long delta here selling the as nearest as I can get to the 20 delta strike on the put side. If ...

NaughtyPines NaughtyPines SVXY, D, Long , 4 months ago
SVXY: SHORT VOLATILITY RELOAD: SVXY DEC 16TH 62/65 SHORT PUT VERTICAL
34 0 4
SVXY, D Long
SHORT VOLATILITY RELOAD: SVXY DEC 16TH 62/65 SHORT PUT VERTICAL

Using the Bollinger bands as a guide, I'm looking to reload a short volatility play should I be able to get a fill for the right price ... . Here, I'm looking for the basic 1/3rd the width of the spread for a fill price (i.e., 1/3rd of 3 = 1 or $100). I'm setting it up as a GTC order that will expire some time next week. I'll then have another look at the ...

NaughtyPines NaughtyPines SVXY, D, Long , 4 months ago
SVXY: OPENING: SVXY NOV 25TH 72/74 SHORT PUT VERTICAL
70 0 2
SVXY, D Long
OPENING: SVXY NOV 25TH 72/74 SHORT PUT VERTICAL

I did this one on Friday on the volatility pop we had, but didn't get a chance to post ... . I got it filled for an $87/contract credit, but could have done better were I to have had time to do some price discovery. SVXY isn't the most liquid thing in the world, so it pays to be patient and fiddle with getting a fill $5-$15 above the stated mid price. Here, I'm ...

NaughtyPines NaughtyPines GDX, W, Long , 5 months ago
GDX: GDX (GOLD MINERS ETF) -- A GOOD PLACE TO ADD/INITIATE LONG HERE
76 0 5
GDX, W Long
GDX (GOLD MINERS ETF) -- A GOOD PLACE TO ADD/INITIATE LONG HERE

With gold hovering just north of 1250, having lost a good deal of luster to pesky Greenback strength, this is possibly a good place to add into current bullish gold positions and/or initiate one here.* 22 and change, after all, appears to be fairly long-term support for GDX, so I would look to add bullish positions via naked short puts or short put verticals at ...

NaughtyPines NaughtyPines XOP, W, 5 months ago
XOP: XOP -- BROADLY RANGEBOUND BETWEEN 32 AND 41
26 0 3
XOP, W
XOP -- BROADLY RANGEBOUND BETWEEN 32 AND 41

With November OPEC talks designed ostensibly to hammer out proposed output cuts being the binary event for oil in the near-term, I'm looking to either (a) add to bullish positions in petro if those talks fail to result in meaningful cuts (I'm skeptical); or (b) hang on to my current bullish petro plays for the ride higher if those talks actually result in ...

NaughtyPines NaughtyPines GLD, W, 7 months ago
GLD: BOUGHT TO COVER GLD AUG 19TH 119/124 SHORT PUT VERT
26 0 2
GLD, W
BOUGHT TO COVER GLD AUG 19TH 119/124 SHORT PUT VERT

Continuing to work the call side up on this setup one strike at a time ... . With 7 DTE, and the put side of this setup nearing worthless, I thought I would close it out here for near max profit, which I did for a .04 ($4)/contract debit. I then proceeded to roll the Aug 19th 121/126 short call vert out to the Sept 2nd expiration, which I did for a small debit ...

NaughtyPines NaughtyPines SPX, D, 7 months ago
SPX: BOUGHT TO COVER SPX AUG 19TH 2015/2025 SHORT PUT VERT
26 0 0
SPX, D
BOUGHT TO COVER SPX AUG 19TH 2015/2025 SHORT PUT VERT

Although I still have a little bit of time on this, it's too little time to effectively roll the short put side up of this setup here without pushing it in too tight to the call side for my taste, so I'm closing the put side out for a .10 ($10)/contract debit here and leaving the call side to dangle for a bit. As always, hope springs eternal that price will break ...

NaughtyPines NaughtyPines SPX, D, 7 months ago
SPX: BOUGHT TO COVER SPX AUG 12TH 2100/2115 SHORT PUT VERT
26 0 1
SPX, D
BOUGHT TO COVER SPX AUG 12TH 2100/2115 SHORT PUT VERT

With 4 DTE left in this troubled post-Brexit setup and the short put side nearing worthless, I bought to cover it for a .15 ($15)/contract debit, rolled out the short call side from the Aug 12th 2145/2160 to the Aug 26th 2155/2175 for a .55 ($55)/contract credit, and sold a 83% probability of profit short put vert against in the same expiry for an additional 1.05 ...

NaughtyPines NaughtyPines IUXX, D, 7 months ago
IUXX: BOUGHT TO CLOSE NDX/IUXX AUG 5TH 4400/4425 SHORT PUT VERTICAL
13 0 0
IUXX, D
BOUGHT TO CLOSE NDX/IUXX AUG 5TH 4400/4425 SHORT PUT VERTICAL

With 3 DTE in this post-Brexit troubled setup, I'm covering the put side for near worthless (for a .10/$10 debit). I have proceeded to roll out the short call side "as is" to the September monthly expiry (for a 2.18 ($218)/contract debit), but decided to wait a bit to sell a short put side against for a credit that exceeds the cost of the roll to see if we get ...

NaughtyPines NaughtyPines GLD, D, 8 months ago
GLD: CLOSING: GLD JULY 29TH 118.5/121.5 SHORT PUT VERT
13 0 1
GLD, D
CLOSING: GLD JULY 29TH 118.5/121.5 SHORT PUT VERT

This was my only "Bremain" bet trade, and it's taking its sweet time coming off the highs ... . The trade started out as a directional spread -- a short call vertical, that was soon breached post-Brexit. My recollection is that I proceeded to sell a short put vert against the call side (completing an iron condor) to protect the call side from further upmove. ...

NaughtyPines NaughtyPines IUX, D, 8 months ago
IUX: DELTA HEDGE: SOLD RUT/IUX AUG 29TH 1120/1130 SHORT PUT VERTICAL
20 0 1
IUX, D
DELTA HEDGE: SOLD RUT/IUX AUG 29TH 1120/1130 SHORT PUT VERTICAL

... for a 1.10 ($110) credit. Here, I'm adding a touch of long delta into an existing RUT position (an iron condor) for which I do not feel comfortable rolling the short put side up further to protect that particular setup from further upside. Additionally, I get the side benefit of just adding a little long delta to my entire portfolio, which (no surprise) is a ...

NaughtyPines NaughtyPines SPX, D, 8 months ago
SPX: ROLLING SPX AUG 19TH SHORT PUT VERT TO 2015/2025
35 0 1
SPX, D
ROLLING SPX AUG 19TH SHORT PUT VERT TO 2015/2025

As with my NDX/IUXX iron condor, playing defense here, and rolling up the put side for an additional $45/contract credit. Still shooting for 50% max of the original setup ... .

NaughtyPines NaughtyPines IUXX, D, 8 months ago
IUXX: ROLLING NDX/IUXX AUG 5TH SHORT PUT VERT TO 4250/4275
10 0 0
IUXX, D
ROLLING NDX/IUXX AUG 5TH SHORT PUT VERT TO 4250/4275

What's new? Playing defense of the call side here on this up move. Rolled for an $85/contract credit ... . Still shooting for 50% profit of the credit received for the original setup, but will need a little assistance to the downside to get there.

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