by Tim Biggam | Oct 4, 2016 | Uncategorized
Gold and Gold stocks are getting crushed…perhaps too crushed. Bearish sentiment is off the charts. Let’s try a short term levered counter trend play using a 3x levered fund NUGT. TRADE IDEA Buy to open NUGT Oct 14 calls (expire 10/14/16) ...
by Tim Biggam | Sep 9, 2016 | Uncategorized
S&P 500 is sinking hard..let’s grab out gains on the puts CLOSE OUT Sell to close all the SPY September 219 puts @3.30 or better These expire 9/16/16
by Tim Biggam | Sep 2, 2016 | Uncategorized
Markets are rejoicing over a lower than expected jobs number, with the S&P 500 approaching all time highs again. VIX back to the 12 level, so options are cheap and complacency high. Let’s take a counter trend position with some SPY puts.. makes probabilistic...
by Tim Biggam | Aug 12, 2016 | Uncategorized
The TSLA August $225 puts are back in the money, so make sure you close out the position before the end of trading today to avoid assignment CLOSE OUT Buy to close TSLA August $220 puts Sell to close TSLA August $225 puts Best price possible before the close...
by Tim Biggam | Aug 11, 2016 | Uncategorized
TSLA is pulling back some more, so let’s sell some additional premium against the $225 puts were are currently long. TRADE IDEA Sell to open TSLA August $220 puts @ 0.50 These expire 8/12/2016 Sell same number as TSLA $225 puts you are...
by Tim Biggam | Aug 7, 2016 | Uncategorized
The TSLA short term puts that we sold expired worthless, allowing us to keep the 0.30 premium for a gain. We are still long the TSLA August $225 puts that expire this Friday. With VIX at the lowest level in a year, option buying strategies are looking attractive....
by Tim Biggam | Aug 5, 2016 | Uncategorized
TSLA is selling off, so let’s take advantage and grab some premium that expires today. TRADE IDEA Sell to open TSLA August $225 puts @ 0.30 (these expire today-8/5/16) Sell same amount as 8/12/16 $225 puts you are currently...
by Tim Biggam | Aug 4, 2016 | Uncategorized
Tesla Motors (TSLA) just reported earnings that were ok, but with a cash burn rate that was alarming. Stock not reacting…yet. Let’s take a guarded bearish stance..IV collapsed post earnings, so puts are cheap. TRADE IDEA Buy TSLA August 222.50 puts @ 4.50...
by Tim Biggam | Aug 2, 2016 | Uncategorized
Caterpillar (CAT) is finally feeling the effects of lower oil, with the stock now approaching the $81 level. Let’s offer our CAT August 81 puts @ 1.50 GTC and see if we can grab a quick gain. CLOSE OUT Sell to close ALL of the CAT August 81 puts @ 1.50 Good...
by Tim Biggam | Jul 26, 2016 | Uncategorized
Caterpillar (CAT) reported earnings that beat but lowered guidance substantially. The stock is off to the races post earnings, now trading at the highest P?E multiple in over 8 years. Implied volatility has cratered, making a counter trend put play very cheap. TRADE...
