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Showing posts from March, 2020

Useless Oil

A Dime a Gallon trade was protected by a debit put spread: DATE TIME DESCRIPTION Misc Fees Commissions & Fees AMOUNT 3/18/2020 10:44:24 SOLD -1 /CLM20:XNYM 1/1000 JUN 20 /LOM20:XNYM 6 PUT @.11 -1.52 -2 110 3/30/2020 10:40:04 BOT +1 VERTICAL /CLM20:XNYM 1/1000 JUN 20 /LOM20:XNYM 6.5/6 PUT @.03 -3.04 -4 -30

Gamma Flip

Gamma explains why the SP500 Index tends to stuck at all-time highs and why it flash crashes if things turn south. Gamma is the first derivative of the option delta in the Black-Scholes model. In simple words, Gamma describes the sensitivity of the delta in relation to price movements of the underlying security. Options dealers typically maintain a delta neutral position which means that at any moment their hedging activity is determined by Gamma. A gamma flip is an event when the dealer's Gamma changes sign. For example, if Gamma flips from a positive to negative value then hedging flips from Buy to Sell. In a bull market, the majority of large investors own equities. To get some additional returns out of the existing positions they sell Calls above the current market level. This additional income is generated through the option premium paid by the options dealers. At the same time, these large players buy Puts as crash protection.  In this scenario, the investors are

The Triumph of Fear

Short VXX naked calls: DATE TIME DESCRIPTION Misc Fees Commissions & Fees AMOUNT 3/27/2020 11:52:05 SOLD -4 VXX 100 17 APR 20 125 CALL @1.03 -0.03 -2.6 412

Selling Fear

VXX naked calls: DATE TIME DESCRIPTION Misc Fees Commissions & Fees AMOUNT 3/23/2020 11:20:59 SOLD -2 VXX 100 (Weeklys) 27 MAR 20 95 CALL @.59 -0.02 -1.3 118

Magical Power of Weapons Made from Silver

*Silver puts is magic now, 50% on reserved capital in 57 days: DATE TIME DESCRIPTION Misc Fees Commissions & Fees AMOUNT 3/19/2020 10:32:52 SOLD -16 SLV 100 15 MAY 20 8 PUT @.41 BOX -0.31 -10.4 656 * Real money trade.

A Dime a Gallon

* Naked /CLM20 put it is: DATE TIME DESCRIPTION Misc Fees Commissions & Fees AMOUNT 3/18/2020 13:50:24 SOLD -1 /CLM20:XNYM 1/1000 JUN 20 /LOM20:XNYM 6 PUT @.11 -1.52 -2 110 * Real money trade.

We're All Going To Die

* Naked SPY Puts: DATE TIME DESCRIPTION Misc Fees Commissions & Fees AMOUNT 3/17/2020 9:37:11 SOLD -10 SPY 100 (Weeklys) 18 MAR 20 185 PUT @.18 NASDAQ -0.3 -6.5 18 0 * Real money trade

SPX Puts

3DTE it is: DATE TIME DESCRIPTION Misc Fees Commissions & Fees AMOUNT 3/13/2020 13:02:17 SOLD -1 SPX 100 (Weeklys) 16 MAR 20 1950 PUT @1.35 -0.55 -0.65 135

Grizzly Bear

Uncovered /ES put: DATE TIME DESCRIPTION Misc Fees Commissions & Fees AMOUNT 3/12/2020 18:00:35 PM SOLD -1 /ESH20:XCME 1/50 MAR 20 (Wk2) /EW2H20:XCME 2050 CALL @2.50 -0.56 -2.25 125

Short Royal

DATE TIME DESCRIPTION Misc Fees Commissions & Fees AMOUNT 3/11/2020 12:09:21 SOLD -1 RCL 100 20 MAR 20 60 CALL @1.18 -0.02 -0.65 118

A Dime a Gallon

WTI naked puts: DATE TIME DESCRIPTION Misc Fees Commissions & Fees AMOUNT 3/9/2020 14:27:53 SOLD -1 /CLK20:XNYM 1/1000 MAY 20 /LOK20:XNYM 13.5 PUT @.20 -1.51 -2.25 200

Leverage is Avarice.

SPX credit call spreads: DATE TIME DESCRIPTION Misc Fees Commissions & Fees AMOUNT 3/9/2020 12:33:37 SOLD -16 VERTICAL SPX 100 (Weeklys) 9 MAR 20 2980/3000 CALL @.15 -14.6 -20.8 225

SPX Spread

Trend is your friend: DATE TIME DESCRIPTION Misc Fees Commissions & Fees AMOUNT 3/6/2020 11:52:57 SOLD -16 VERTICAL SPX 100 (Weeklys) 6 MAR 20 3080/3100 CALL @.15 -14.6 -20.8 240

Bear Hug

DATE TIME DESCRIPTION Misc Fees Commissions & Fees AMOUNT 3/3/2020 16:05:44 SOLD -1 /ESH20:XCME 1/50 MAR 20 (Wednesday) (Wk1) /E1CH20:XCME 2825 PUT @1.00 -0.56 -2.25 50