Friday 10:45 Update 

Saturday Call Registration -10:30 EST

Markets diverging huge, Dow down, S+P up Russell and Nasdaq exploding. We have open expiring positions that may have value to sell. These are what we call Trader’s Choice.

The below orders are your choice. You can wait and see what happens or take small money.

IWM sell to close 3 March 15th 156 Calls – they are trading .09

VXXB – Sell to close 2 March 15th 28.5 Puts – They are trading .20

NUGT – Sell to close 2 March 15th 21 Calls – they are trading .02


Markets are range bound working at the top end of the range. They are higher this morning and with triple witching expiration could break out to the upside.

We have very little to do today, we have rolled everything to next week. We have some open positions that are expiring today that more than likely will have no value but we will be watching. 

We have some VXXB 28.5 Puts, NUGT 21 Calls and IWM 156 Calls that could have value before the day is out. We will update later 


Open Positions

NUGT
Long 4 May 17th 24 Calls
Long 4 May 17th 16 Puts
Short 4 March 22nd 22 Calls
Short 4 March 22nd 18 Puts

GLD
Long 4 May 17th 127 Calls
Long 4 May 17th 119 Puts
Short 4 March 22nd 125 Calls
Short 4 March 22nd121 Puts

SPY- We will roll today March 12th
Long 4 April 18th 287 Calls
Long 4 April 18th 273 Puts
Short 4 March 18th 284 Calls
Short 4 March 18th 276 Puts

QQQ –
We will roll today March 12th

Long 4 April 18th 180 Calls
Long 4 April 18th 168 Puts
Short 4 March 22nd 178 Calls
Short 4 March 22nd 170 Puts

IWM-
We will roll today March 12th

Long 4 April 18th 163 Calls
Long 4 April 18th 153 Puts
Short 4 March 22nd 161 Calls
Short 4 March 22nd 155 Puts

VXXB – Roll Complete
Long 2 March 15th 34 Calls
Long 2 March 15th 28.5 Pus

We own this for another week and have locked up a nice profit no matter what happens. As of now our 32 calls are in the money, the best is for the rally to continue in volatility

SPY –
Double Diagonal –
Long 3 March 15th 260 Puts

IWM –
Double Diagonal
Long 3 March 15th 156/144 Strangles

We own this for another week and have locked up a nice profit no matter what happens. The strangle we own are far away but closer to the upside, we need a big move but have no risk

QQQ –
Double Diagonal
Long 3 March 15th 161 Puts

GLD –
Long 2 March 15th 126/118 Strangles

We own this for another week and have locked up a nice profit no matter what happens. The strangle we own are far away but closer to the downside, we need a big move but have no risk

NUGT –
Long 2 March 15th 21/14 Strangles

We own this for another week and have locked up a nice profit no matter what happens. This is basically in the middle but we have a week for a move