TO INFINITY AND BEYOND 

2019-03-09 Saturday Call Recording

Markets have the appearance that they may never go down again. The slow grind higher continues. We will remain in trades that are neutral collecting premium and looking for opportunity.

We are have a great week with the exiting of the leftover calls in the SPY and QQQ. The call side of both of those trades has been closed for nice profits. IWM has not rallied enough but we may exit those today. We will watch and update later.

Our NUGT call exit never got there yesterday and we will work the same order today. All we have left to do for the week is the NUGT and GLD Double Diagonal rolls which we will look at today after the markets open.

We will also be watching the VXXB 28.5 Put, if the rally continues we may be able to sell that Put.

We will update around mid morning


Open Positions

NUGT
Long 4 May 17th 24 Calls
Long 4 May 17th 16 Puts
Short 4 March 15th 22 Calls
Short 4 March 15th 18 Puts

GLD
Long 4 May 17th 127 Calls
Long 4 May 17th 119 Puts
Short 4 March 15th 125 Calls
Short 4 March 15th 121 Puts

SPY-
We will roll today March 12th

Long 4 April 18th 287 Calls
Long 4 April 18th 273 Puts
Short 4 March 15th 284 Calls
Short 4 March 15th 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
Long 1 March 15th 280 Call

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
Long 1 March 15th 176 Call

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