Wednesday Noon Update

2019-03-09 Saturday Call Recording

Our NUGT sell has not filled yet however all our long calls from the old double diagonals are up nicely today. We are going to enter stops on them now. IWM is still lingering but QQQ and SPY are up Big

STOP ORDERS FOR SPY AND QQQ LONG MARCH 15TH CALLS

Sell to close 1 March 15th SPY 280 call at 1.80 STOP If not hit sell at 3:55
Sell to close 1 March 15th QQQ 176 call at 1.60 STOP If not hit sell at 3:55


I’m going to miss the opening going to see a surgeon for my back and neck. We are going to work an order to sell 1 of our long NUGT calls from the expiring strangle we have on. We own 2 March 15th 21 Calls we will enter an order to sell 1 at 1.00 

NUGT Close (this is from the old double diagonal) 

Sell to close 1 March 15th NUGT 21 Call at 1.00 (Closed Tuesday at .45) 


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