Markets Under Pressure Volatility Rising 

Saturday Call Recording 05.04.19

This is a correction on the SPY trade – Had the right strikes in the wrong places See correction below 

Markets have found some volume and volatility giving us a lot more credit on our rolls.

We have 2 SPY rolls today

SPY Roll from the original SPY
Buy to close 5 May 8th 291 Calls
Sell to open 5 May 10th 291 Calls
Buy to close 5 May 8th 287 Puts
Sell to open 5 May 10th 287 Puts
Total for the Trade a Credit 1.85 (Closing Price, but get the roll done, if it doesn’t fill on the open adjust until you get filled)

SPY Roll from the New SPY Trade
Buy to close 5 May 8th 296 Calls
Sell to open 5 May 10th 296 Calls
Buy to close 5 May 8th 286 Puts
Sell to open 5 May 10th 286 Puts
Total for the Trade a Credit 1.03 (Closing Price, but get the roll done, if it doesn’t fill on the open adjust until you get filled)

NEW TRADES – These trades are for those who did not get into the original trades – If you are in the trades from Monday these are not new trades. On the SPY we are selling Friday on XBI, QQQ and IWM we are selling May 17th

NEW TRADES 

XBI

SPY

QQQ

IWM


Open Positions

QQQ
Long 5 June 21st 194 Calls
Long 5 June 21st 184 Puts
Short 5 May 10th 192 Calls
Short 5 May 10th 186 Puts

IWM
Long 5 June 21st 165 Calls
Long 5 June 21st 155 Puts
Short 5 May 10th 157 Calls
Short 5 May 10th 163 Puts

XBI

Long 5 June 21st 90 Calls
Long 5 June 21st 82 Puts
Short 5 May 10th 89 Calls
Short 5 May 10th 83 Puts

SPY
Long 5 June 21st 298 Calls
Long 5 June 21st 284 Puts
Short 5 May 8th 296 Calls
Short 5 May 8th 286 Puts

NUGT
Long 5 June 21st 19 Calls
Long 5 June 21st 14 Puts
Short 5 May 10th 18 Calls
Short 5 May 10th 15 Puts

GLD
Long 5 June 21st 124 Calls
Long 5 June 21st 119 Puts
Short 5 May 10th 123 Calls
Short 5 May 10th 120 Puts

DIA –
Long 5 June 21st 270 Calls
Long 5 June 21st 260 Puts
Short 5 May 10th 268 Calls
Short 5 May 10th 262 Puts

QQQ –
Long 5 May 17th 189 Calls
Long 5 May 17th 180 Puts
Short 5 May 10th 187 Calls
Short 5 May 10th 182 Puts

SPY-
Long 5 May 17th 293 Calls
Long 5 May 17th 285 Puts
Short 5 May 8th 291 Calls
Short 5 May 8th 287 Puts

IWM-
Long 5 May 17th 162 Calls
Long 5 May 17th 153 Puts
Short 5 May 10th 160 Calls
Short 5 May 10th 155 Puts

FB
Long 2 May 17th 175 Calls
Short 2 May 10th 172.5 Calls

AAPL
Long 2 May 17th 200 Calls
Long 2 May 17th 180 Puts
Short 2 May 10th 197.5 Calls

XBI
Long 4 May 17th 94 Calls
Long 4 May 17th 82 Puts
Short 4 May 10th 83 Puts

NUGT
Long 4 May 17th 24 Calls
Long 4 May 17th 16 Puts
Short 4 May 10th 18 Puts

GLD
Long 4 May 17th 127 Calls
Long 4 May 17th 119 Puts
Short 4 May 10th 125 Calls
Short 4 May 10th 121 Puts